Board Change • May 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Outside Independent Director Maeda Koho was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • May 13
Heiwa Corporation, Annual General Meeting, Jun 26, 2026 Heiwa Corporation, Annual General Meeting, Jun 26, 2026. Announcement • May 10
Heiwa Corporation to Report Fiscal Year 2026 Results on May 13, 2026 Heiwa Corporation announced that they will report fiscal year 2026 results on May 13, 2026 Announcement • Mar 23
Heiwa Corporation(TSE:6412) dropped from FTSE All-World Index (USD) Heiwa Corporation(TSE:6412) dropped from FTSE All-World Index (USD) Announcement • Dec 03
Heiwa Corporation to Report Q3, 2026 Results on Feb 10, 2026 Heiwa Corporation announced that they will report Q3, 2026 results on Feb 10, 2026 Announcement • Sep 03
Heiwa Corporation to Report Q2, 2026 Results on Nov 13, 2025 Heiwa Corporation announced that they will report Q2, 2026 results on Nov 13, 2025 Announcement • Jul 02
Heiwa Corporation to Report Q1, 2026 Results on Aug 08, 2025 Heiwa Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 Announcement • May 14
Heiwa Corporation, Annual General Meeting, Jun 27, 2025 Heiwa Corporation, Annual General Meeting, Jun 27, 2025. Announcement • Mar 27
Heiwa Corporation to Report Fiscal Year 2025 Results on May 14, 2025 Heiwa Corporation announced that they will report fiscal year 2025 results on May 14, 2025 Announcement • Dec 05
Heiwa Corporation to Report Q3, 2025 Results on Feb 07, 2025 Heiwa Corporation announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥48.53 (vs JP¥25.28 in 2Q 2024) Second quarter 2025 results: EPS: JP¥48.53 (up from JP¥25.28 in 2Q 2024). Revenue: JP¥36.2b (up 14% from 2Q 2024). Net income: JP¥4.79b (up 92% from 2Q 2024). Profit margin: 13% (up from 7.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.6%). Announcement • Aug 30
Heiwa Corporation to Report Q2, 2025 Results on Nov 08, 2024 Heiwa Corporation announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥57.06 (vs JP¥50.12 in 1Q 2024) First quarter 2025 results: EPS: JP¥57.06 (up from JP¥50.12 in 1Q 2024). Revenue: JP¥35.6b (up 1.8% from 1Q 2024). Net income: JP¥5.63b (up 14% from 1Q 2024). Profit margin: 16% (up from 14% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 11
Final dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 347%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (67% earnings payout ratio) but not covered by cash flows (312% cash payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Jun 10
Heiwa Corporation to Report Q1, 2025 Results on Aug 08, 2024 Heiwa Corporation announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥168 (vs JP¥210 in FY 2023) Full year 2024 results: EPS: JP¥168 (down from JP¥210 in FY 2023). Revenue: JP¥136.4b (down 4.2% from FY 2023). Net income: JP¥16.6b (down 20% from FY 2023). Profit margin: 12% (down from 14% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 12
Heiwa Corporation, Annual General Meeting, Jun 27, 2024 Heiwa Corporation, Annual General Meeting, Jun 27, 2024. Board Change • Apr 26
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Outside Director Akinori Endo was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (3.0%). Announcement • Mar 02
Heiwa Corporation to Report Fiscal Year 2024 Results on May 10, 2024 Heiwa Corporation announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥42.31 (vs JP¥98.43 in 3Q 2023) Third quarter 2024 results: EPS: JP¥42.31 (down from JP¥98.43 in 3Q 2023). Revenue: JP¥36.1b (down 20% from 3Q 2023). Net income: JP¥4.17b (down 57% from 3Q 2023). Profit margin: 12% (down from 21% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Dec 03
Heiwa Corporation to Report Q3, 2024 Results on Feb 09, 2024 Heiwa Corporation announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥25.28 (vs JP¥55.19 in 2Q 2023) Second quarter 2024 results: EPS: JP¥25.28 (down from JP¥55.19 in 2Q 2023). Revenue: JP¥31.8b (down 12% from 2Q 2023). Net income: JP¥2.49b (down 54% from 2Q 2023). Profit margin: 7.8% (down from 15% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥40.00 per share at 3.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.5%). Announcement • Aug 31
Heiwa Corporation to Report Q2, 2024 Results on Nov 09, 2023 Heiwa Corporation announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥50.12 (vs JP¥54.29 in 1Q 2023) First quarter 2024 results: EPS: JP¥50.12 (down from JP¥54.29 in 1Q 2023). Revenue: JP¥34.9b (flat on 1Q 2023). Net income: JP¥4.94b (down 7.7% from 1Q 2023). Profit margin: 14% (down from 15% in 1Q 2023). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jun 18
Heiwa Corporation to Report Q1, 2024 Results on Aug 09, 2023 Heiwa Corporation announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥210 (vs JP¥22.23 in FY 2022) Full year 2023 results: EPS: JP¥210 (up from JP¥22.23 in FY 2022). Revenue: JP¥142.3b (up 17% from FY 2022). Net income: JP¥20.7b (up JP¥18.5b from FY 2022). Profit margin: 14% (up from 1.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Heiwa Corporation, Annual General Meeting, Jun 29, 2023 Heiwa Corporation, Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 3.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.2%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥98.43 (vs JP¥20.90 in 3Q 2022) Third quarter 2023 results: EPS: JP¥98.43 (up from JP¥20.90 in 3Q 2022). Revenue: JP¥45.3b (up 35% from 3Q 2022). Net income: JP¥9.71b (up 371% from 3Q 2022). Profit margin: 21% (up from 6.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Dec 21
Heiwa Corporation to Report Q3, 2023 Results on Feb 08, 2023 Heiwa Corporation announced that they will report Q3, 2023 results on Feb 08, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥55.19 (vs JP¥0.91 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥55.19 (up from JP¥0.91 loss in 2Q 2022). Revenue: JP¥36.2b (up 36% from 2Q 2022). Net income: JP¥5.44b (up JP¥5.53b from 2Q 2022). Profit margin: 15% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 11 highly experienced directors. 1 independent director (10 non-independent directors). Independent External Director Kota Yamaguchi was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 11
Second quarter 2023 earnings released: EPS: JP¥55.19 (vs JP¥0.91 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥55.19 (up from JP¥0.91 loss in 2Q 2022). Revenue: JP¥36.2b (up 36% from 2Q 2022). Net income: JP¥5.44b (up JP¥5.53b from 2Q 2022). Profit margin: 15% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Hospitality industry in Germany. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.9%). Announcement • Sep 09
Heiwa Corporation to Report Q2, 2023 Results on Nov 09, 2022 Heiwa Corporation announced that they will report Q2, 2023 results on Nov 09, 2022 Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥54.29 (vs JP¥26.70 in 1Q 2022) First quarter 2023 results: EPS: JP¥54.29 (up from JP¥26.70 in 1Q 2022). Revenue: JP¥34.7b (up 8.4% from 1Q 2022). Net income: JP¥5.36b (up 103% from 1Q 2022). Profit margin: 15% (up from 8.2% in 1Q 2022). Over the next year, revenue is forecast to grow 17%, compared to a 707% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Jun 08
Heiwa Corporation to Report Q1, 2023 Results on Aug 04, 2022 Heiwa Corporation announced that they will report Q1, 2023 results on Aug 04, 2022 Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥22.23 (vs JP¥8.77 in FY 2021) Full year 2022 results: EPS: JP¥22.23 (up from JP¥8.77 in FY 2021). Revenue: JP¥121.6b (up 13% from FY 2021). Net income: JP¥2.19b (up 154% from FY 2021). Profit margin: 1.8% (up from 0.8% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 12%, compared to a 35% growth forecast for the restaurants industry in Germany. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • May 15
Heiwa Corporation, Annual General Meeting, Jun 29, 2022 Heiwa Corporation, Annual General Meeting, Jun 29, 2022. Board Change • Apr 28
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 6 highly experienced directors. 1 independent director (10 non-independent directors). Independent External Director Kota Yamaguchi was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 08
Heiwa Corporation to Report Fiscal Year 2022 Results on May 13, 2022 Heiwa Corporation announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is on the higher end at 99%, however this is supported by cash flows. Trailing yield: 4.2%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 10
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥20.90 (down from JP¥37.02 in 3Q 2021). Revenue: JP¥33.6b (down 12% from 3Q 2021). Net income: JP¥2.06b (down 44% from 3Q 2021). Profit margin: 6.1% (down from 9.5% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.1%. Over the next year, revenue is forecast to grow 6.5%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 11
Second quarter 2022 earnings released: JP¥0.91 loss per share (vs JP¥3.71 loss in 2Q 2021) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: JP¥26.7b (up 24% from 2Q 2021). Net loss: JP¥90.0m (loss narrowed 75% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 10 December 2021. Trailing yield: 3.9%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (1.5%). Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS JP¥26.70 (vs JP¥58.93 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥32.1b (up 98% from 1Q 2021). Net income: JP¥2.63b (up JP¥8.45b from 1Q 2021). Profit margin: 8.2% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • May 15
Full year 2021 earnings released: EPS JP¥8.77 (vs JP¥161 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥107.7b (down 26% from FY 2020). Net income: JP¥865.0m (down 95% from FY 2020). Profit margin: 0.8% (down from 11% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming Dividend of JP¥40.00 Per Share Will be paid on the 29th of June to those who are registered shareholders by the 30th of March. The trailing yield of 4.0% is in the top quartile of German dividend payers (3.3%), and it is higher than industry peers (1.7%). Announcement • Mar 05
Heiwa Corporation to Report Fiscal Year 2021 Results on May 13, 2021 Heiwa Corporation announced that they will report fiscal year 2021 results on May 13, 2021 Is New 90 Day High Low • Feb 16
New 90-day high: €12.70 The company is up 2.0% from its price of €12.50 on 18 November 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 20% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥37.02 (vs JP¥59.70 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥38.3b (down 5.2% from 3Q 2020). Net income: JP¥3.65b (down 38% from 3Q 2020). Profit margin: 9.5% (down from 15% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue misses expectations Revenue missed analyst estimates by 18%. Over the next year, revenue is forecast to grow 13%, compared to a 10% growth forecast for the Leisure industry in Germany. Is New 90 Day High Low • Dec 29
New 90-day low: €10.90 The company is down 20% from its price of €13.60 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 16% over the same period. Announcement • Dec 05
Heiwa Corporation to Report Q3, 2021 Results on Feb 09, 2021 Heiwa Corporation announced that they will report Q3, 2021 results on Feb 09, 2021 Is New 90 Day High Low • Nov 12
New 90-day low: €13.20 The company is down 5.0% from its price of €13.90 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 6.0% over the same period. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue beats expectations Revenue exceeded analyst estimates by 1.6%. Over the next year, revenue is forecast to grow 12%, compared to a 12% growth forecast for the Leisure industry in Germany. Reported Earnings • Nov 11
Second quarter 2021 earnings released: JP¥3.71 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥21.6b (down 42% from 2Q 2020). Net loss: JP¥366.0m (down 110% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 21
New 90-day low: €13.30 The company is down 7.0% from its price of €14.30 on 22 July 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Leisure industry, which is up 13% over the same period. Announcement • Sep 11
Heiwa Corporation to Report Q2, 2021 Results on Nov 10, 2020 Heiwa Corporation announced that they will report Q2, 2021 results on Nov 10, 2020 Announcement • Jun 17
Heiwa Corporation to Report Q1, 2021 Results on Aug 06, 2020 Heiwa Corporation announced that they will report Q1, 2021 results on Aug 06, 2020