Announcement • Jun 13
Seibu Holdings Inc. to Report Q1, 2027 Results on Jul 31, 2026 Seibu Holdings Inc. announced that they will report Q1, 2027 results on Jul 31, 2026 New Risk • May 29
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (0.2% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.6% net profit margin). Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €15.90, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 9x in the Transportation industry in Europe. Total returns to shareholders of 72% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €22.55 per share. Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥151 (vs JP¥902 in FY 2025) Full year 2026 results: EPS: JP¥151 (down from JP¥902 in FY 2025). Revenue: JP¥513.3b (down 43% from FY 2025). Net income: JP¥38.9b (down 85% from FY 2025). Profit margin: 7.6% (down from 29% in FY 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.0% growth forecast for the Transportation industry in Europe. 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 18% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Seibu Holdings Inc., Annual General Meeting, Jun 24, 2026 Seibu Holdings Inc., Annual General Meeting, Jun 24, 2026. Announcement • Apr 25
Seibu Holdings Inc. to Report Fiscal Year 2026 Results on May 14, 2026 Seibu Holdings Inc. announced that they will report fiscal year 2026 results on May 14, 2026 Announcement • Feb 12
Seibu Holdings Inc. Revises Consolidated Earnings Guidance for the Full Fiscal Year Ending March 31, 2026 Seibu Holdings Inc. revised consolidated earnings guidance for the full fiscal year ending March 31, 2026. For the full year, the company expects operating revenue of JPY 511,000 million, operating profit of JPY 42,000 million, profit attributable to owners of parent of JPY 29,000 and profit attributable per share of JPY 112.65 as compared to the previous guidance of operating revenue of JPY 511,000 million, operating profit of JPY 40,000 million, profit attributable to owners of parent of JPY 26,000 and profit attributable per share 102.30. Reason for revision: The full-year consolidated earnings forecast announced this time is based on the current business performance trends as well as the profit-and-loss impact from the recognition of non-operating income and extraordinary income. Operating revenue is expected to be at the same level as the figure announced on May 14, 2025 mainly due to the upswing in railway transportation revenue of the Urban Transportation and Regional business and the capture of inbound individual tourists and Japanese customers in the domestic hotel operations of the Hotel and Leisure business, despite downturn in overseas hotel operations revenue mainly associated with sluggish travel demand for Hawaii and the delay in guest room renovations at the Mauna Kea Beach Hotel. Operating profit expected to be higher than the announced figures due to the downswing in various expenses. Profit attributable to owners of parent is expected to be higher than the announced figure mainly due to the upswing in ordinary profit and the recognition of extraordinary income (transfer fees for posting), despite the recognition of extraordinary losses (impairment losses). Announcement • Dec 04
Seibu Holdings Inc. to Report Q3, 2026 Results on Feb 12, 2026 Seibu Holdings Inc. announced that they will report Q3, 2026 results on Feb 12, 2026 Announcement • Sep 04
Seibu Holdings Inc. to Report Q2, 2026 Results on Nov 13, 2025 Seibu Holdings Inc. announced that they will report Q2, 2026 results on Nov 13, 2025 Announcement • Jun 04
Seibu Holdings Inc. to Report Q1, 2026 Results on Aug 01, 2025 Seibu Holdings Inc. announced that they will report Q1, 2026 results on Aug 01, 2025 Announcement • May 14
Seibu Holdings Inc., Annual General Meeting, Jun 24, 2025 Seibu Holdings Inc., Annual General Meeting, Jun 24, 2025. Announcement • Mar 05
Seibu Holdings Inc. to Report Fiscal Year 2025 Results on May 14, 2025 Seibu Holdings Inc. announced that they will report fiscal year 2025 results at 12:00 PM, Tokyo Standard Time on May 14, 2025 Announcement • Feb 27
Seibu Holdings Inc. Announces Executive Changes Seibu Holdings Inc. (the "Company") announced that at its Board of Directors' meeting held on February 27, 2025, it resolved to make changes to its officers and Managing Officers. In addition, the Company hereby announces that it will implement an organizational change and make changes to other personnel on April 1, 2025. New: ISHIHARA Masayuki Director, Executive Managing Officer (To be promoted on April 1, 2025) Present: Director, Senior Managing Officer. Retirement: NAKAMURA Hitoshi (on the date of the Annual General Meeting of Shareholders to be held in June 2025) Position: Full-time Audit & Supervisory Board Member. Change in Managing Officers (on April 1, 2025): ISHIBASHI Kenji will be promoted to Senior Managing Officer, (Present: Managing Officer General Manager, Human Capital Strategy Dept.); IWASAKI Norio will be appointed as Managing Officer and will oversee the President's Office, Administration Department, and Legal Department. Managing Officers scheduled to retire (on March 31, 2025): KADA Atsushi, Managing Officer General Manager, Internal Audit and Internal Control Dept.; and ISHIDA Naoko, Managing Officer. Announcement • Jan 17
Seibu Holdings Inc. (TSE:9024) acquired Oxalis Holidays Ltd from Endeavour United II Investment Business Limited Partnership, a fund managed by Endeavour United Co., Ltd. Seibu Holdings Inc. (TSE:9024) acquired Oxalis Holidays Ltd from Endeavour United II Investment Business Limited Partnership, a fund managed by Endeavour United Co., Ltd. on December 12, 2024. As part of the acquisition, Seibu Holdings Inc acquired all shares in Oxalis Holidays Ltd. Through the share acquisition, Seibu Holdings Inc aims to maximize social value and shareholder value, not only through synergies with Oku Japan.
Seibu Holdings Inc. (TSE:9024) completed the acquisition of Oxalis Holidays Ltd from Endeavour United II Investment Business Limited Partnership, a fund managed by Endeavour United Co., Ltd. on December 12, 2024. Announcement • Dec 05
Seibu Holdings Inc. to Report Q3, 2025 Results on Feb 13, 2025 Seibu Holdings Inc. announced that they will report Q3, 2025 results on Feb 13, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥204 (vs JP¥60.98 in 2Q 2024) Second quarter 2025 results: EPS: JP¥204 (up from JP¥60.98 in 2Q 2024). Revenue: JP¥126.9b (up 3.4% from 2Q 2024). Net income: JP¥61.5b (up 235% from 2Q 2024). Profit margin: 49% (up from 15% in 2Q 2024). Revenue is expected to decline by 6.3% p.a. on average during the next 3 years, while revenues in the Transportation industry in Europe are expected to grow by 3.5%. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €19.30, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 9x in the Transportation industry in Europe. Total returns to shareholders of 87% over the past three years. New Risk • Sep 20
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 7.3% 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 Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (6.9% net profit margin). Upcoming Dividend • Sep 20
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.6%). Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €22.40, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Transportation industry in Europe. Total returns to shareholders of 130% over the past three years. Announcement • Aug 31
Seibu Holdings Inc. to Report Q2, 2025 Results on Nov 07, 2024 Seibu Holdings Inc. announced that they will report Q2, 2025 results on Nov 07, 2024 Reported Earnings • Aug 06
First quarter 2025 earnings released: EPS: JP¥51.53 (vs JP¥30.23 in 1Q 2024) First quarter 2025 results: EPS: JP¥51.53 (up from JP¥30.23 in 1Q 2024). Revenue: JP¥125.4b (up 7.9% from 1Q 2024). Net income: JP¥15.5b (up 71% from 1Q 2024). Profit margin: 12% (up from 7.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is expected to decline by 4.6% p.a. on average during the next 3 years, while revenues in the Transportation industry in Europe are expected to grow by 2.3%. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €15.20, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Transportation industry in Europe. Total returns to shareholders of 63% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥15.00 announced Shareholders will receive a dividend of JP¥15.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 120%, which is higher than the industry average of 3.8%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 28% over the next 3 years. However, it would need to fall by 63% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥89.65 (vs JP¥189 in FY 2023) Full year 2024 results: EPS: JP¥89.65 (down from JP¥189 in FY 2023). Revenue: JP¥477.6b (up 12% from FY 2023). Net income: JP¥27.0b (down 52% from FY 2023). Profit margin: 5.7% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Transportation industry in Europe are expected to grow by 3.5%. 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 10% per year, which means it is significantly lagging earnings growth. New Risk • Jun 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.7% 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 Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (5.7% net profit margin). Announcement • May 11
Seibu Holdings Inc., Annual General Meeting, Jun 21, 2024 Seibu Holdings Inc., Annual General Meeting, Jun 21, 2024. Reported Earnings • May 11
Full year 2024 earnings released: EPS: JP¥89.65 (vs JP¥189 in FY 2023) Full year 2024 results: EPS: JP¥89.65 (down from JP¥189 in FY 2023). Revenue: JP¥477.6b (up 12% from FY 2023). Net income: JP¥27.0b (down 52% from FY 2023). Profit margin: 5.7% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Transportation 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 12% per year, which means it is significantly lagging earnings growth. Announcement • Mar 28
Seibu Holdings Inc. to Report Fiscal Year 2024 Results on May 09, 2024 Seibu Holdings Inc. announced that they will report fiscal year 2024 results on May 09, 2024 Announcement • Mar 22
Seibu Holdings Reportedly Considers Sale of Tokyo Office Building for $2 Billion Japan's Seibu Holdings Inc. (TSE:9024) is considering selling a high-end office building in central Tokyo for at least $2 billion, people familiar with the matter said, in what would be one of the country's biggest property deals on record. The potential sale of the 36-storey Tokyo Garden Terrace Kioicho office and hotel complex is aimed at helping Seibu free up its balance sheet, something Japanese firms are increasingly looking to do amid pressure from shareholders and regulators for better use of capital. A deal by the 111-year-old property and railway company would also come as global demand for Japanese commercial real estate remains robust, given attractive terms, including low borrowing costs and stable rents. That contrasts with the market globally, particularly in the United States, where property prices have fallen sharply due to higher interest rates and soaring vacancies. While Japan just experienced its first interest rate increase in 17 years, analysts say that will not deter property investors, as long as the pace of further increases remains gradual. The sale of Tokyo Garden Terrace Kioicho could be worth at least JPY 300 billion ($2 billion), two of the sources said. The complex was launched in 2016 in a $690 million development project at the site of the former Grand Prince Hotel Akasaka, which Seibu also owned. At that size, the deal would be close to the JPY 436 billion sale by the government of its stake in the Otemachi Place office tower in 2022, the biggest property transaction in Japan's history. Seibu has approached around 10 potential buyers, including Japanese real estate developers and global investment funds such as Blackstone Inc. (NYSE:BX) and GIC Private Limited, said one of the people, all of whom declined to be identified as the matter is private. The timeline for the potential sale is not clear. The talks are still in early stages and the company could decide to keep the building, the sources said. Selling the building would give Seibu funds needed to finance high-yielding redevelopment projects planned in central Tokyo in coming years, including Takanawa and Shinagawa, one of the sources said. Seibu has been pursuing a so-called "asset-light" strategy of having fewer assets on its balance sheet for higher capital efficiency, a departure from the typical business model in Japan where developers retain the properties they have built. Asked about the sale, Seibu said in a statement that the company is in the process of selecting assets to be liquidated under the strategy. Nothing has been decided at this point, but the company is planning to announce a decision in May, it added. Blackstone and GIC declined to comment. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥12.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.6%). Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥52.24 (vs JP¥19.49 in 3Q 2023) Third quarter 2024 results: EPS: JP¥52.24 (up from JP¥19.49 in 3Q 2023). Revenue: JP¥121.6b (up 13% from 3Q 2023). Net income: JP¥15.7b (up 168% from 3Q 2023). Profit margin: 13% (up from 5.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Transportation 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 12% per year, which means it is significantly lagging earnings growth. Announcement • Feb 09
Seibu Holdings Inc. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024 Seibu Holdings Inc. provided dividend guidance for the fiscal year ending March 31, 2024. For the year-end, the company expects to pay dividend of JPY 12.50 per share against JPY 20.00 per share paid a year ago. Announcement • Dec 04
Seibu Holdings Inc. to Report Q3, 2024 Results on Feb 08, 2024 Seibu Holdings Inc. announced that they will report Q3, 2024 results on Feb 08, 2024 Valuation Update With 7 Day Price Move • Nov 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €10.90, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Transportation industry in Europe. Total returns to shareholders of 29% over the past three years. Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥60.98 (vs JP¥203 in 2Q 2023) Second quarter 2024 results: EPS: JP¥60.98 (down from JP¥203 in 2Q 2023). Revenue: JP¥122.7b (up 12% from 2Q 2023). Net income: JP¥18.4b (down 70% from 2Q 2023). Profit margin: 15% (down from 56% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥12.50 per share at 1.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.8%). Announcement • Sep 13
Seibu Holdings Inc. to Report Q2, 2024 Results on Nov 09, 2023 Seibu Holdings Inc. announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 02
First quarter 2024 earnings released: EPS: JP¥30.23 (vs JP¥12.21 in 1Q 2023) First quarter 2024 results: EPS: JP¥30.23 (up from JP¥12.21 in 1Q 2023). Revenue: JP¥116.2b (up 12% from 1Q 2023). Net income: JP¥9.10b (up 148% from 1Q 2023). Profit margin: 7.8% (up from 3.5% in 1Q 2023). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 25
Full year 2023 earnings released: EPS: JP¥189 (vs JP¥35.39 in FY 2022) Full year 2023 results: EPS: JP¥189 (up from JP¥35.39 in FY 2022). Revenue: JP¥428.5b (up 8.0% from FY 2022). Net income: JP¥56.8b (up 434% from FY 2022). Profit margin: 13% (up from 2.7% in FY 2022). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jun 09
Seibu Holdings Inc. to Report Q1, 2024 Results on Aug 01, 2023 Seibu Holdings Inc. announced that they will report Q1, 2024 results on Aug 01, 2023 Reported Earnings • May 14
Full year 2023 earnings released: EPS: JP¥189 (vs JP¥35.39 in FY 2022) Full year 2023 results: EPS: JP¥189 (up from JP¥35.39 in FY 2022). Revenue: JP¥428.5b (up 8.0% from FY 2022). Net income: JP¥56.8b (up 434% from FY 2022). Profit margin: 13% (up from 2.7% in FY 2022). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • May 11
Seibu Holdings Inc., Annual General Meeting, Jun 21, 2023 Seibu Holdings Inc., Annual General Meeting, Jun 21, 2023. Board Change • May 09
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Outside Independent Director Masafumi Tsujihiro was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 11
Seibu Holdings Inc. to Report Q3, 2023 Results on Feb 09, 2023 Seibu Holdings Inc. announced that they will report Q3, 2023 results on Feb 09, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥203 (vs JP¥12.93 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥203 (up from JP¥12.93 loss in 2Q 2022). Revenue: JP¥109.2b (up 5.8% from 2Q 2022). Net income: JP¥61.0b (up JP¥64.9b from 2Q 2022). Profit margin: 56% (up from net loss in 2Q 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Outside Independent Director Masafumi Tsujihiro was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥203 (vs JP¥12.93 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥203 (up from JP¥12.93 loss in 2Q 2022). Revenue: JP¥109.2b (up 5.8% from 2Q 2022). Net income: JP¥61.0b (up JP¥64.9b from 2Q 2022). Profit margin: 56% (up from net loss in 2Q 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Transportation industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment improved over the past week After last week's 17% share price gain to €10.60, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Transportation industry in Europe. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.51 per share. Announcement • Sep 03
Seibu Holdings Inc. to Report Q2, 2023 Results on Nov 10, 2022 Seibu Holdings Inc. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥12.21 (vs JP¥29.57 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥12.21 (up from JP¥29.57 loss in 1Q 2022). Revenue: JP¥103.4b (up 13% from 1Q 2022). Net income: JP¥3.67b (up JP¥12.5b from 1Q 2022). Profit margin: 3.5% (up from net loss in 1Q 2022). Over the next year, revenue is forecast to grow 4.9%, compared to a 9.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 42% 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 • Jun 26
Full year 2022 earnings released: EPS: JP¥35.39 (vs JP¥241 loss in FY 2021) Full year 2022 results: EPS: JP¥35.39 (up from JP¥241 loss in FY 2021). Revenue: JP¥396.9b (up 18% from FY 2021). Net income: JP¥10.6b (up JP¥82.9b from FY 2021). Profit margin: 2.7% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Over the next year, revenue is forecast to grow 9.2%, compared to a 10.0% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Announcement • Jun 10
Seibu Holdings Inc. to Report Q1, 2023 Results on Aug 04, 2022 Seibu Holdings Inc. announced that they will report Q1, 2023 results on Aug 04, 2022 Reported Earnings • May 14
Full year 2022 earnings released: EPS: JP¥35.39 (vs JP¥241 loss in FY 2021) Full year 2022 results: EPS: JP¥35.39 (up from JP¥241 loss in FY 2021). Revenue: JP¥396.9b (up 18% from FY 2021). Net income: JP¥10.6b (up JP¥82.9b from FY 2021). Profit margin: 2.7% (up from net loss in FY 2021). Over the next year, revenue is forecast to grow 22%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Announcement • May 12
Seibu Holdings Inc., Annual General Meeting, Jun 22, 2022 Seibu Holdings Inc., Annual General Meeting, Jun 22, 2022. Board Change • Apr 27
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. 4 independent directors (8 non-independent directors). Outside Independent Director Masafumi Tsujihiro was the last independent director to join the board, commencing their role in 2018. 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
Seibu Holdings Inc. to Report Fiscal Year 2022 Results on May 12, 2022 Seibu Holdings Inc. announced that they will report fiscal year 2022 results on May 12, 2022 Reported Earnings • Feb 11
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥12.93 (up from JP¥30.40 loss in 3Q 2021). Revenue: JP¥105.4b (up 8.0% from 3Q 2021). Net income: JP¥3.88b (up JP¥13.0b from 3Q 2021). Profit margin: 3.7% (up from net loss in 3Q 2021). The move to profitability was primarily driven by higher revenue. Revenue missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 17%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Announcement • Feb 07
Seibu Reportedly to Sell Properties to Singapore's GIC in $1.3 Billion Deal Seibu Holdings Inc. (TSE:9024) is in final talks with GIC Pte. Ltd. to sell some 30 properties in Japan in deal worth about JPY 150 billion ($1.30 billion), Nikkei reported on February 5, 2022. The Prince Park Tower Tokyo, Prince Hotel Sapporo, and Grand Prince Hotel Hiroshima are among the properties it plans to sell, the report added. Reported Earnings • Nov 11
Second quarter 2022 earnings released: JP¥12.93 loss per share (vs JP¥34.36 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¥103.1b (up 17% from 2Q 2021). Net loss: JP¥3.88b (loss narrowed 62% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 03
First quarter 2022 earnings released: JP¥29.57 loss per share (vs JP¥96.01 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥91.8b (up 38% from 1Q 2021). Net loss: JP¥8.87b (loss narrowed 69% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Announcement • Jul 20
Seibu Holdings Reportedly Plans to Sell 40 Hotels and Leisure Facilities Seibu Holdings Inc. (TSE:9024) plans to sell around 40 hotel and leisure facilities to shore up its deteriorating earnings amid the novel coronavirus crisis, according to informed sources. The proceeds from the asset sales are expected to exceed JPY 100 billion. The Japanese conglomerate has suffered falls in the number of users of its railway services and hotels. The properties being considered for sale are about 10 hotels, including The Prince Park Tower Tokyo, Sapporo Prince Hotel in northern Japan and Lake Biwa Otsu Prince Hotel in western Japan, as well as leisure facilities such as golf courses and ski resorts, according to the sources. Seibu Holdings plans to continue operating the facilities after the sale, as it aims to boost profitability by separating facility operations from real estate ownership. The company is soliciting purchase proposals from multiple investment funds and will hold negotiations to sell the facilities in fiscal 2022 at the earliest, the sources said. It will continue to own Shinagawa Prince Hotel and Karuizawa Prince Hotel, believing that their values can be raised through redevelopment. In its medium-term management plan through fiscal 2023, Seibu Holdings announced plans to accelerate the sale of assets, including Prince hotels. The company hopes to push up its profits to levels before the coronavirus outbreak by enhancing management efficiency. Reported Earnings • Jun 26
Full year 2021 earnings released: JP¥241 loss per share (vs JP¥15.18 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥337.1b (down 39% from FY 2020). Net loss: JP¥72.3b (down JP¥77.0b from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Reported Earnings • May 16
Full year 2021 earnings released: JP¥241 loss per share (vs JP¥15.18 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥337.1b (down 39% from FY 2020). Net loss: JP¥72.3b (down JP¥77.0b from profit in FY 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. Announcement • Feb 26
Seibu Holdings Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2021 Seibu Holdings Inc. revised consolidated earnings guidance for the fiscal year ending March 31, 2021. For the year, the company revised operating revenue guidance of JPY 334,000 million compared to previous guidance of JPY 332,000 million. Revised operating loss guidance of JPY 58,000 million compared to previous guidance of JPY 56,000 million. Revised loss attributable to owners of parent guidance of JPY 80,000 million compared to previous guidance of JPY 63,000 million. Revised loss per share guidance of JPY 266.84 compared to previous guidance of JPY 210.42. Is New 90 Day High Low • Feb 16
New 90-day high: €9.55 The company is up 2.0% from its price of €9.35 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 Transportation 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 €6.32 per share. 
