Announcement • May 08
Maruwa Co.,Ltd., Annual General Meeting, Jun 19, 2026 Maruwa Co.,Ltd., Annual General Meeting, Jun 19, 2026. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥65,740, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 21x in the Electronic industry in the United Kingdom. Total returns to shareholders of 264% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥30,451 per share. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥51.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 6.9% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (1.0%). Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: JP¥399 (vs JP¥448 in 3Q 2025) Third quarter 2026 results: EPS: JP¥399 (down from JP¥448 in 3Q 2025). Revenue: JP¥19.1b (up 4.3% from 3Q 2025). Net income: JP¥4.92b (down 11% from 3Q 2025). Profit margin: 26% (down from 30% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jan 06
First half dividend of JP¥51.00 announced Shareholders will receive a dividend of JP¥51.00. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 15%. Board Change • Jan 06
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Masao Kubo was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 25
Maruwa Co.,Ltd. to Report Q3, 2026 Results on Feb 03, 2026 Maruwa Co.,Ltd. announced that they will report Q3, 2026 results on Feb 03, 2026 Declared Dividend • Dec 09
First half dividend of JP¥51.00 announced Shareholders will receive a dividend of JP¥51.00. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 15%. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥48,210, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Total returns to shareholders of 170% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥21,919 per share. Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: JP¥286 (vs JP¥319 in 2Q 2025) Second quarter 2026 results: EPS: JP¥286 (down from JP¥319 in 2Q 2025). Revenue: JP¥15.9b (down 15% from 2Q 2025). Net income: JP¥3.54b (down 10% from 2Q 2025). Profit margin: 22% (up from 21% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Oct 31
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Masao Kubo was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 14
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Masao Kubo was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 24
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Masao Kubo was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 06
Maruwa Co.,Ltd. to Report Q2, 2026 Results on Nov 05, 2025 Maruwa Co.,Ltd. announced that they will report Q2, 2026 results on Nov 05, 2025 Board Change • Jul 30
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Masao Kubo was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Jul 10
Final dividend of JP¥51.00 announced Shareholders will receive a dividend of JP¥51.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 0.2%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 6%. Cash payout ratio: 8%. Announcement • Jun 20
Maruwa Co.,Ltd. to Report Q1, 2026 Results on Jul 24, 2025 Maruwa Co.,Ltd. announced that they will report Q1, 2026 results on Jul 24, 2025 Board Change • Jun 11
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Aya Okauchi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 07
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Aya Okauchi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 25
Maruwa Co.,Ltd., Annual General Meeting, Jun 20, 2025 Maruwa Co.,Ltd., Annual General Meeting, Jun 20, 2025. Board Change • Apr 10
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Aya Okauchi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Mar 26
Maruwa Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2025 Maruwa Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2025 Board Change • Mar 19
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Aya Okauchi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 19
Maruwa Co.,Ltd. to Report Q3, 2025 Results on Jan 29, 2025 Maruwa Co.,Ltd. announced that they will report Q3, 2025 results on Jan 29, 2025 Board Change • Dec 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Aya Okauchi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 19
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Aya Okauchi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥319 (vs JP¥319 in 2Q 2024) Second quarter 2025 results: EPS: JP¥319 (up from JP¥319 in 2Q 2024). Revenue: JP¥18.6b (up 21% from 2Q 2024). Net income: JP¥3.94b (flat on 2Q 2024). Profit margin: 21% (down from 26% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥39,050, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 16x in the Electronic industry in the United Kingdom. Total returns to shareholders of 232% over the past three years. Board Change • Sep 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Aya Okauchi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Aug 08
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Aya Okauchi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Declared Dividend • Jul 12
Final dividend increased to JP¥47.00 Dividend of JP¥47.00 is 9.3% higher than last year. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 0.2%, which is lower than the industry average of 1.6%. Payout Ratios Payout ratio: 7%. Cash payout ratio: 18%. Announcement • Jun 28
Maruwa Co.,Ltd. to Report Q1, 2025 Results on Jul 29, 2024 Maruwa Co.,Ltd. announced that they will report Q1, 2025 results on Jul 29, 2024 Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥1,233 (vs JP¥1,217 in FY 2023) Full year 2024 results: EPS: JP¥1,233 (up from JP¥1,217 in FY 2023). Revenue: JP¥61.6b (up 4.7% from FY 2023). Net income: JP¥15.2b (up 1.3% from FY 2023). Profit margin: 25% (in line with FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Electronic industry in the United Kingdom. Reported Earnings • Apr 26
Full year 2024 earnings released: EPS: JP¥1,233 (vs JP¥1,217 in FY 2023) Full year 2024 results: EPS: JP¥1,233 (up from JP¥1,217 in FY 2023). Revenue: JP¥61.6b (up 4.7% from FY 2023). Net income: JP¥15.2b (up 1.3% from FY 2023). Profit margin: 25% (in line with FY 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥43.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 7.5% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of British dividend payers (6.3%). Lower than average of industry peers (1.6%). Announcement • Mar 02
Maruwa Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 25, 2024 Maruwa Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 25, 2024 Reported Earnings • Feb 01
Third quarter 2024 earnings released: EPS: JP¥310 (vs JP¥270 in 3Q 2023) Third quarter 2024 results: EPS: JP¥310 (up from JP¥270 in 3Q 2023). Revenue: JP¥17.0b (up 14% from 3Q 2023). Net income: JP¥3.83b (up 15% from 3Q 2023). Profit margin: 23% (in line with 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jan 22
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Takeyuki Hara was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 29
Maruwa Co.,Ltd. to Report Q3, 2024 Results on Jan 31, 2024 Maruwa Co.,Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Board Change • Dec 15
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Takeyuki Hara was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: JP¥319 (vs JP¥366 in 2Q 2023) Second quarter 2024 results: EPS: JP¥319 (down from JP¥366 in 2Q 2023). Revenue: JP¥15.3b (down 2.4% from 2Q 2023). Net income: JP¥3.93b (down 13% from 2Q 2023). Profit margin: 26% (down from 29% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥28,000, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Electronic industry in the United Kingdom. Total returns to shareholders of 165% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥16,036 per share. Board Change • Nov 09
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Takeyuki Hara was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Second quarter 2024 earnings released: EPS: JP¥319 (vs JP¥366 in 2Q 2023) Second quarter 2024 results: EPS: JP¥319 (down from JP¥366 in 2Q 2023). Revenue: JP¥15.3b (down 2.4% from 2Q 2023). Net income: JP¥3.93b (down 13% from 2Q 2023). Profit margin: 26% (down from 29% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 27% per year. Board Change • Oct 25
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 not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 3 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Outside Director Masahiko Mitsuoka was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 28
Maruwa Co.,Ltd. to Report Q2, 2024 Results on Oct 26, 2023 Maruwa Co.,Ltd. announced that they will report Q2, 2024 results on Oct 26, 2023 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥43.00 per share at 0.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 7.0% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (1.7%). Board Change • Sep 14
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Yukiko Morishita was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥25,390, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Electronic industry in the United Kingdom. Total returns to shareholders of 212% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥17,653 per share. Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: JP¥231 (vs JP¥331 in 1Q 2023) First quarter 2024 results: EPS: JP¥231 (down from JP¥331 in 1Q 2023). Revenue: JP¥12.7b (down 8.8% from 1Q 2023). Net income: JP¥2.85b (down 30% from 1Q 2023). Profit margin: 22% (down from 29% in 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 38% per year. Announcement • Jun 30
Maruwa Co., Ltd. to Report Q1, 2024 Results on Jul 27, 2023 Maruwa Co., Ltd. announced that they will report Q1, 2024 results on Jul 27, 2023 Board Change • May 23
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Yukiko Morishita was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: JP¥1,217 (vs JP¥1,082 in FY 2022) Full year 2023 results: EPS: JP¥1,217 (up from JP¥1,082 in FY 2022). Revenue: JP¥58.8b (up 8.2% from FY 2022). Net income: JP¥15.0b (up 13% from FY 2022). Profit margin: 26% (in line with FY 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 39% per year whereas the company’s share price has increased by 42% per year. Board Change • Apr 21
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Yukiko Morishita was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 29
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Yukiko Morishita was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 02
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Yukiko Morishita was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 02
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Yukiko Morishita was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 22
Maruwa Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023 Maruwa Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Yukiko Morishita was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Second quarter 2023 earnings released: EPS: JP¥366 (vs JP¥272 in 2Q 2022) Second quarter 2023 results: EPS: JP¥366 (up from JP¥272 in 2Q 2022). Revenue: JP¥15.7b (up 16% from 2Q 2022). Net income: JP¥4.52b (up 35% from 2Q 2022). Profit margin: 29% (up from 25% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Board Change • Oct 26
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Yukiko Morishita was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 5.7% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (1.6%). Board Change • Sep 05
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Yukiko Morishita was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥331 (vs JP¥179 in 1Q 2022) First quarter 2023 results: EPS: JP¥331 (up from JP¥179 in 1Q 2022). Revenue: JP¥14.0b (up 26% from 1Q 2022). Net income: JP¥4.09b (up 85% from 1Q 2022). Profit margin: 29% (up from 20% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 11%, compared to a 9.5% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 36% per year. Buying Opportunity • Jun 08
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be JP¥20,010, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings is also forecast to grow by 9.1% per annum over the same time period. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: JP¥1,082 (vs JP¥562 in FY 2021) Full year 2022 results: EPS: JP¥1,082 (up from JP¥562 in FY 2021). Revenue: JP¥54.3b (up 31% from FY 2021). Net income: JP¥13.4b (up 93% from FY 2021). Profit margin: 25% (up from 17% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 14%, compared to a 8.1% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Yukiko Morishita was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥36.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 3.7% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of British dividend payers (4.6%). Lower than average of industry peers (1.4%). Board Change • Mar 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. External Auditor Akihide Kato was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Jan 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. External Auditor Akihide Kato was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Second quarter 2022 earnings released: EPS JP¥272 (vs JP¥139 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥13.6b (up 29% from 2Q 2021). Net income: JP¥3.36b (up 96% from 2Q 2021). Profit margin: 25% (up from 16% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥34.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 0.6%. Lower than top quartile of British dividend payers (4.0%). Lower than average of industry peers (0.9%). Board Change • Sep 15
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. External Auditor Akihide Kato was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.