Announcement • Jun 10
Isetan Mitsukoshi Holdings Ltd. to Report Q1, 2027 Results on Aug 13, 2026 Isetan Mitsukoshi Holdings Ltd. announced that they will report Q1, 2027 results on Aug 13, 2026 Board Change • May 20
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Naosuke Fujita was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 14
Isetan Mitsukoshi Holdings Ltd., Annual General Meeting, Jun 22, 2026 Isetan Mitsukoshi Holdings Ltd., Annual General Meeting, Jun 22, 2026. Announcement • Mar 16
Isetan Mitsukoshi Holdings Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Isetan Mitsukoshi Holdings Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 Announcement • Feb 06
Isetan Mitsukoshi Holdings Ltd. (TSE:3099) announces an Equity Buyback for 18,000,000 shares, representing 5.12% for ¥30,000 million. Isetan Mitsukoshi Holdings Ltd. (TSE:3099) announces a share repurchase program. Under the program, the company will repurchase up to 18,000,000 shares, representing 5.12% of its issued share capital, for ¥30,000 million. The purpose of the program is to return profits to shareholders and increase corporate value. All of the acquired treasury shares will be cancelled. The program is valid till February 8, 2027. As of December 31, 2025, there are 351,610,335 outstanding shares s (excluding treasury shares) and 15,808,619 shares in treasury. Announcement • Jan 14
Shinshin Capital Co., Ltd. agreed to acquire 12% stake in Shin Kong Mitsukoshi Department Store Co., Ltd. from Isetan Mitsukoshi Holdings Ltd. (TSE:3099). Shinshin Capital Co., Ltd. agreed to acquire 12% stake in Shin Kong Mitsukoshi Department Store Co., Ltd. from Isetan Mitsukoshi Holdings Ltd. (TSE:3099) on January 12, 2026. Shinshin Capital Co., Ltd. signed an agreement to acquire 12% stake in Shin Kong Mitsukoshi Department Store Co., Ltd. from Isetan Mitsukoshi Holdings Ltd. on January 13, 2026. Following the completion Isetan Mitsukoshi Holdings Ltd. will own 10% stake in Shin Kong Mitsukoshi Department Store Co., Ltd.
The expected completion of the transaction is around April to May 2026. Announcement • Dec 04
Isetan Mitsukoshi Holdings Ltd. to Report Q3, 2026 Results on Feb 06, 2026 Isetan Mitsukoshi Holdings Ltd. announced that they will report Q3, 2026 results on Feb 06, 2026 Announcement • Sep 12
Isetan Mitsukoshi Holdings Ltd. to Report Q2, 2026 Results on Nov 13, 2025 Isetan Mitsukoshi Holdings Ltd. announced that they will report Q2, 2026 results on Nov 13, 2025 Announcement • Jun 05
Isetan Mitsukoshi Holdings Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Isetan Mitsukoshi Holdings Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Announcement • May 14
Isetan Mitsukoshi Holdings Ltd. (TSE:3099) announces an Equity Buyback for 20,000,000 shares, representing 5.47% for ¥30,000 million. Isetan Mitsukoshi Holdings Ltd. (TSE:3099) announces a share repurchase program. Under the program, the company will repurchase up to 20,000,000 shares, representing 5.47% of its issued share capital, for ¥30,000 million. The purpose of the program is to return profits to shareholders and increase corporate value. All of the acquired treasury shares will be cancelled. The program is valid till October 31, 2025. As of March 31, 2025, there are 365,409,825 outstanding shares s (excluding treasury shares) and 14,852,729 shares in treasury. Announcement • May 13
Isetan Mitsukoshi Holdings Ltd., Annual General Meeting, Jun 24, 2025 Isetan Mitsukoshi Holdings Ltd., Annual General Meeting, Jun 24, 2025. Announcement • Mar 11
Isetan Mitsukoshi Holdings Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Isetan Mitsukoshi Holdings Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Announcement • Nov 28
Isetan Mitsukoshi Holdings Ltd. to Report Q3, 2025 Results on Feb 04, 2025 Isetan Mitsukoshi Holdings Ltd. announced that they will report Q3, 2025 results on Feb 04, 2025 New Risk • Nov 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Nov 13
Isetan Mitsukoshi Holdings Ltd. (TSE:3099) announces an Equity Buyback for 5,000,000 shares, representing 1.35% for ¥10,000 million. Isetan Mitsukoshi Holdings Ltd. (TSE:3099) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 1.35% of its issued share capital, for ¥10,000 million. The purpose of the program is to return profits to shareholders and increase corporate value. All of the acquired treasury shares will be cancelled. The program is valid till March 14, 2025. As of March 31, 2024, there are 371,005,209 outstanding shares s (excluding treasury shares) and 19,315,045 shares in treasury. Buy Or Sell Opportunity • Nov 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.0% to €13.20. The fair value is estimated to be €16.50, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 3.7% in 2 years. Earnings are forecast to decline by 3.8% in the next 2 years. Buy Or Sell Opportunity • Oct 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to €14.00. The fair value is estimated to be €17.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 3.7% in 2 years. Earnings are forecast to decline by 3.8% in the next 2 years. Buy Or Sell Opportunity • Oct 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to €13.80. The fair value is estimated to be €17.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 4.0% in 2 years. Earnings are forecast to decline by 3.8% in the next 2 years. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 December 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.3%). Buy Or Sell Opportunity • Sep 18
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to €13.80. The fair value is estimated to be €17.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 4.0% in 2 years. Earnings are forecast to decline by 3.8% in the next 2 years. Announcement • Sep 11
Isetan Mitsukoshi Holdings Ltd. to Report Q2, 2025 Results on Nov 13, 2024 Isetan Mitsukoshi Holdings Ltd. announced that they will report Q2, 2025 results on Nov 13, 2024 Buy Or Sell Opportunity • Aug 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to €13.20. The fair value is estimated to be €17.00, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 3.8% in 2 years. Earnings are forecast to decline by 5.6% in the next 2 years. Reported Earnings • Aug 12
First quarter 2025 earnings released: EPS: JP¥36.55 (vs JP¥17.82 in 1Q 2024) First quarter 2025 results: EPS: JP¥36.55 (up from JP¥17.82 in 1Q 2024). Revenue: JP¥129.7b (up 9.3% from 1Q 2024). Net income: JP¥13.7b (up 101% from 1Q 2024). Profit margin: 11% (up from 5.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €14.20, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 14x in the Multiline Retail industry in Europe. Total returns to shareholders of 171% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €18.32 per share. Buy Or Sell Opportunity • Aug 03
Now 22% undervalued Over the last 90 days, the stock has risen 6.8% to €14.20. The fair value is estimated to be €18.32, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 3.3% per annum over the same time period. Declared Dividend • Jul 11
Final dividend of JP¥22.00 announced Shareholders will receive a dividend of JP¥22.00. Ex-date: 27th September 2024 Payment date: 11th December 2024 Dividend yield will be 107%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (23% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €20.20, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 14x in the Multiline Retail industry in Europe. Total returns to shareholders of 250% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €16.40 per share. Buy Or Sell Opportunity • Jul 06
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to €20.20. The fair value is estimated to be €16.40, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 14% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 3.3% per annum over the same time period. New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). Announcement • Jun 08
Isetan Mitsukoshi Holdings Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Isetan Mitsukoshi Holdings Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥146 (vs JP¥84.82 in FY 2023) Full year 2024 results: EPS: JP¥146 (up from JP¥84.82 in FY 2023). Revenue: JP¥536.4b (up 10% from FY 2023). Net income: JP¥55.6b (up 72% from FY 2023). Profit margin: 10% (up from 6.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €16.20, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 16x in the Multiline Retail industry in Europe. Total returns to shareholders of 188% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €9.92 per share. Announcement • May 16
Isetan Mitsukoshi Holdings Ltd., Annual General Meeting, Jun 24, 2024 Isetan Mitsukoshi Holdings Ltd., Annual General Meeting, Jun 24, 2024. Announcement • May 15
Isetan Mitsukoshi Holdings Ltd. (TSE:3099) announces an Equity Buyback for 8,500,000 shares, representing 2.26% for ¥15,000 million. Isetan Mitsukoshi Holdings Ltd. (TSE:3099) announces a share repurchase program. Under the program, the company will repurchase 8,500,000 shares, representing 2.26% of its share capital, for ¥15,000 million. The company will repurchase its shares in order to improve capital efficiency over the medium- to long-term, and to enable the implementation of capital policies according to the future business environment. The repurchased shares will be cancelled. The program will run until October 31, 2024. As of March 31, 2024, the company had 375,337,614 shares outstanding (excluding treasury shares) and 21,927,440 shares in treasury. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (1.3%). Announcement • Mar 14
Isetan Mitsukoshi Holdings Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Isetan Mitsukoshi Holdings Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 New Risk • Feb 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥42.51 (vs JP¥30.90 in 3Q 2023) Third quarter 2024 results: EPS: JP¥42.51 (up from JP¥30.90 in 3Q 2023). Revenue: JP¥153.3b (up 6.2% from 3Q 2023). Net income: JP¥16.2b (up 38% from 3Q 2023). Profit margin: 11% (up from 8.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €11.80, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Multiline Retail industry in Europe. Total returns to shareholders of 117% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.97 per share. Announcement • Dec 03
Isetan Mitsukoshi Holdings Ltd. to Report Q3, 2024 Results on Feb 02, 2024 Isetan Mitsukoshi Holdings Ltd. announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥21.10 (vs JP¥5.54 in 2Q 2023) Second quarter 2024 results: EPS: JP¥21.10 (up from JP¥5.54 in 2Q 2023). Revenue: JP¥129.8b (up 7.1% from 2Q 2023). Net income: JP¥8.06b (up 281% from 2Q 2023). Profit margin: 6.2% (up from 1.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥8.00 per share at 0.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 12 December 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (1.0%). Announcement • Sep 10
Isetan Mitsukoshi Holdings Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Isetan Mitsukoshi Holdings Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €11.40, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 15x in the Multiline Retail industry in Europe. Total returns to shareholders of 171% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €8.78 per share. Board Change • Aug 06
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Outside Director Toshio Iwamoto was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: JP¥17.82 (vs JP¥14.81 in 1Q 2023) First quarter 2024 results: EPS: JP¥17.82 (up from JP¥14.81 in 1Q 2023). Revenue: JP¥118.7b (up 17% from 1Q 2023). Net income: JP¥6.81b (up 20% from 1Q 2023). Profit margin: 5.7% (up from 5.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 22
Full year 2023 earnings released: EPS: JP¥84.82 (vs JP¥32.36 in FY 2022) Full year 2023 results: EPS: JP¥84.82 (up from JP¥32.36 in FY 2022). Revenue: JP¥487.4b (up 17% from FY 2022). Net income: JP¥32.4b (up 162% from FY 2022). Profit margin: 6.6% (up from 2.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Jun 04
Isetan Mitsukoshi Holdings Ltd. to Report Q1, 2024 Results on Aug 03, 2023 Isetan Mitsukoshi Holdings Ltd. announced that they will report Q1, 2024 results on Aug 03, 2023 Reported Earnings • May 10
Full year 2023 earnings released: EPS: JP¥84.82 (vs JP¥32.36 in FY 2022) Full year 2023 results: EPS: JP¥84.82 (up from JP¥32.36 in FY 2022). Revenue: JP¥487.4b (up 17% from FY 2022). Net income: JP¥32.4b (up 162% from FY 2022). Profit margin: 6.6% (up from 2.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥6.00 per share at 0.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 6.2% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (). Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: JP¥30.90 (vs JP¥23.75 in 3Q 2022) Third quarter 2023 results: EPS: JP¥30.90 (up from JP¥23.75 in 3Q 2022). Revenue: JP¥144.3b (up 14% from 3Q 2022). Net income: JP¥11.8b (up 30% from 3Q 2022). Profit margin: 8.2% (up from 7.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Dec 04
Isetan Mitsukoshi Holdings Ltd. to Report Q3, 2023 Results on Feb 03, 2023 Isetan Mitsukoshi Holdings Ltd. announced that they will report Q3, 2023 results on Feb 03, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥5.54 (vs JP¥1.41 in 2Q 2022) Second quarter 2023 results: EPS: JP¥5.54 (up from JP¥1.41 in 2Q 2022). Revenue: JP¥121.3b (up 22% from 2Q 2022). Net income: JP¥2.11b (up 294% from 2Q 2022). Profit margin: 1.7% (up from 0.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥5.54 (vs JP¥1.41 in 2Q 2022) Second quarter 2023 results: EPS: JP¥5.54 (up from JP¥1.41 in 2Q 2022). Revenue: JP¥121.3b (up 22% from 2Q 2022). Net income: JP¥2.11b (up 294% from 2Q 2022). Profit margin: 1.7% (up from 0.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Multiline Retail industry in Europe. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (7.3%). Announcement • Sep 11
Isetan Mitsukoshi Holdings Ltd. to Report Q2, 2023 Results on Nov 11, 2022 Isetan Mitsukoshi Holdings Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 02
First quarter 2023 earnings released: EPS: JP¥14.81 (vs JP¥22.76 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥14.81 (up from JP¥22.76 loss in 1Q 2022). Revenue: JP¥101.6b (up 15% from 1Q 2022). Net income: JP¥5.65b (up JP¥14.3b from 1Q 2022). Profit margin: 5.6% (up from net loss in 1Q 2022). Over the next year, revenue is forecast to grow 19%, compared to a 8.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Board Change • Jul 31
High number of new directors Independent Outside Director Tomoko Ando was the last director to join the board, commencing their role in 2022. Buying Opportunity • Jun 25
Now 21% undervalued Over the last 90 days, the stock is up 2.1%. The fair value is estimated to be €9.20, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.5% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Buying Opportunity • Jun 06
Now 22% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be €9.82, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 29% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.9% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Announcement • Jun 02
Isetan Mitsukoshi Holdings Ltd. to Report Q1, 2023 Results on Aug 01, 2022 Isetan Mitsukoshi Holdings Ltd. announced that they will report Q1, 2023 results on Aug 01, 2022 Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥32.36 (vs JP¥108 loss in FY 2021) Full year 2022 results: EPS: JP¥32.36 (up from JP¥108 loss in FY 2021). Revenue: JP¥418.3b (down 49% from FY 2021). Net income: JP¥12.3b (up JP¥53.4b from FY 2021). Profit margin: 2.9% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Over the next year, revenue is forecast to grow 13%, compared to a 8.9% growth forecast for the retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • May 15
Isetan Mitsukoshi Holdings Ltd., Annual General Meeting, Jun 27, 2022 Isetan Mitsukoshi Holdings Ltd., Annual General Meeting, Jun 27, 2022. Board Change • Apr 27
High number of new directors There are 6 new directors who have joined the board in the last 3 years. President, CEO & Director Toshiyuki Hosoya was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 07
Isetan Mitsukoshi Holdings Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Isetan Mitsukoshi Holdings Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (2.1%). Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥23.75 (up from JP¥5.33 in 3Q 2021). Revenue: JP¥126.7b (down 53% from 3Q 2021). Net income: JP¥9.06b (up 347% from 3Q 2021). Profit margin: 7.1% (up from 0.8% in 3Q 2021). Revenue exceeded analyst estimates by 3.8%. Over the next year, revenue is expected to shrink by 14% compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 62% 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: EPS JP¥1.41 (vs JP¥16.31 loss in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥99.4b (down 51% from 2Q 2021). Net income: JP¥537.0m (up JP¥6.74b from 2Q 2021). Profit margin: 0.5% (up from net loss in 2Q 2021). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (1.8%). Reported Earnings • Aug 01
First quarter 2022 earnings released: JP¥22.76 loss per share (vs JP¥80.44 loss in 1Q 2021) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2022 results: Revenue: JP¥88.6b (down 33% from 1Q 2021). Net loss: JP¥8.67b (loss narrowed 72% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • May 14
Full year 2021 earnings released: JP¥108 loss per share (vs JP¥28.90 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: JP¥816.0b (down 27% from FY 2020). Net loss: JP¥41.1b (loss widened 267% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 79 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 16 June 2021. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (1.8%). Announcement • Mar 18
Isetan Mitsukoshi Holdings Ltd. to Report Fiscal Year 2021 Results on May 12, 2021 Isetan Mitsukoshi Holdings Ltd. announced that they will report fiscal year 2021 results on May 12, 2021 Is New 90 Day High Low • Feb 25
New 90-day high: €5.90 The company is up 26% from its price of €4.68 on 26 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Multiline Retail industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.38 per share. Is New 90 Day High Low • Feb 04
New 90-day high: €5.55 The company is up 34% from its price of €4.14 on 06 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Multiline Retail industry, which is up 23% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.41 per share. Reported Earnings • Jan 28
Third quarter 2021 earnings released: EPS JP¥5.33 (vs JP¥0.69 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥266.7b (down 11% from 3Q 2020). Net income: JP¥2.03b (up JP¥1.76b from 3Q 2020). Profit margin: 0.8% (up from 0.1% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Jan 28
Revenue beats expectations Revenue exceeded analyst estimates by 4.1%. Over the next year, revenue is forecast to grow 11%, compared to a 8.4% growth forecast for the Multiline Retail industry in Germany. Is New 90 Day High Low • Jan 16
New 90-day high: €5.10 The company is up 18% from its price of €4.32 on 16 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Multiline Retail industry, which is up 21% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.68 per share. Is New 90 Day High Low • Dec 17
New 90-day high: €4.92 The company is up 9.0% from its price of €4.50 on 18 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Multiline Retail industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.69 per share. Is New 90 Day High Low • Nov 19
New 90-day high: €4.90 The company is up 10.0% from its price of €4.44 on 21 August 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Multiline Retail industry, which is also up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.96 per share. Analyst Estimate Surprise Post Earnings • Nov 16
Revenue misses expectations Revenue missed analyst estimates by 6.8%. Over the next year, revenue is forecast to grow 3.0%, compared to a 7.1% growth forecast for the Multiline Retail industry in Germany. Reported Earnings • Nov 14
Second quarter 2021 earnings released: JP¥16.31 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¥204.0b (down 31% from 2Q 2020). Net loss: JP¥6.20b (down 493% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 92% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Nov 11
The Blackstone Group Inc. (NYSE:BX) agreed to acquire Isetan Mitsukoshi Real Estate Co., Ltd. from Isetan Mitsukoshi Holdings Ltd. (TSE:3099) for ¥30 billion. The Blackstone Group Inc. (NYSE:BX) agreed to acquire Isetan Mitsukoshi Real Estate Co., Ltd. from Isetan Mitsukoshi Holdings Ltd. (TSE:3099) for ¥30 billion on November 10, 2020. Announcement • Sep 12
Isetan Mitsukoshi Holdings Ltd. to Report Q2, 2021 Results on Nov 11, 2020 Isetan Mitsukoshi Holdings Ltd. announced that they will report Q2, 2021 results on Nov 11, 2020 Announcement • Jun 19
Isetan Mitsukoshi Holdings Ltd. to Report Q1, 2021 Results on Jul 29, 2020 Isetan Mitsukoshi Holdings Ltd. announced that they will report Q1, 2021 results on Jul 29, 2020 
