Reported Earnings • May 15
Full year 2026 earnings: EPS in line with analyst expectations despite revenue beat Full year 2026 results: EPS: JP¥146 (up from JP¥119 in FY 2025). Revenue: JP¥190.8b (up 21% from FY 2025). Net income: JP¥43.7b (up 22% from FY 2025). Profit margin: 23% (in line with FY 2025). Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 39% per year. Live News • May 14
Hirogin Holdings Targets Higher Returns With Profit Growth Buyback and Raised 2029 Goals Hirogin Holdings reported fiscal 2026 ordinary income up 24.8% and profit attributable to owners up 22.0%, alongside stronger capital and higher dividends.
The company plans to repurchase up to 1.97% of its own shares for ¥7b.
Management raised 2029 targets in its Mid-Term Management Plan 2024, aiming for at least 11% consolidated ROE and profit attributable to owners of ¥70.0b, citing steady loan growth, better securities returns and greater risk-taking capacity after a bond issuance and capital increase at The Hiroshima Bank.
These moves suggest a company putting excess capital to work, with higher profit targets, dividend increases and a buyback all aligned toward returning value to shareholders.
For investors, key questions include whether Hirogin can maintain the conditions that supported recent results and how much execution risk is embedded in the more ambitious ROE and profit objectives through 2029. Announcement • May 14
Hirogin Holdings, Inc. (TSE:7337) announces an Equity Buyback for 6,000,000 shares, representing 1.99% for ¥7,000 million. Hirogin Holdings, Inc. (TSE:7337) announces a share repurchase program. Under the program, the company will repurchase up to 6,000,000 shares, representing 1.99% of its issued share capital, for ¥7,000 million. The share repurchase program is valid till July 31, 2026. As of March 31, 2026, the company had 301,871,477 shares outstanding (including treasury shares) and 3,456,444 shares in treasury. Announcement • May 13
Hirogin Holdings, Inc., Annual General Meeting, Jun 24, 2026 Hirogin Holdings, Inc., Annual General Meeting, Jun 24, 2026. Announcement • May 10
Hirogin Holdings, Inc. to Report Fiscal Year 2026 Results on May 13, 2026 Hirogin Holdings, Inc. announced that they will report fiscal year 2026 results on May 13, 2026 Buy Or Sell Opportunity • Apr 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to JP¥1,889. The fair value is estimated to be JP¥1,559, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 36%. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Buy Or Sell Opportunity • Apr 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to JP¥1,892. The fair value is estimated to be JP¥1,560, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 36%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 04 June 2026. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.7%). Announcement • Mar 07
Hirogin Holdings, Inc. Announces Directorate and Executive Changes Hirogin Holdings, Inc. resolved, at the meetings of the Board of Directors held on March 6, 2026, to change the Representative Directors, Directors, and Executive Officers. Toshihide Horii retired as Executive Officer (General Manager, Banking Business Planning Group, Group Business Strategy Division and General Manager, Business Strategy Office) and assumed the position of Executive Officer, The Hiroshima Bank Ltd. (General Manager, Tokyo Branch). Koji Ikeda retired as Representative Director and Chairman, Director & Senior Managing Executive Officer and is scheduled to assume the position of Special Advisor to The Hiroshima Bank Ltd. in June 2026. Shinichi Yokomi retired as Director (General Manager, Group Business Strategy Division) and is scheduled to assume the position of Representative Director and President of Hirogin Securities Co. Ltd. in June 2026. Hirogin Regional Advisors Co. Ltd.(Scheduled to be established on April 1, 2026.) will appoint Kenji Takehiro as Representative Director and President. Kenji Takehiro is currently Director of Hirogin REIT ManagementCo. Ltd. Buy Or Sell Opportunity • Mar 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to JP¥1,853. The fair value is estimated to be JP¥1,536, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has grown by 36%. Buy Or Sell Opportunity • Feb 04
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to JP¥1,844. The fair value is estimated to be JP¥1,526, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 36%. Announcement • Dec 24
Hirogin Holdings, Inc. to Report Q3, 2026 Results on Feb 02, 2026 Hirogin Holdings, Inc. announced that they will report Q3, 2026 results on Feb 02, 2026 Declared Dividend • Dec 11
First half dividend of JP¥27.00 announced Shareholders will receive a dividend of JP¥27.00. Ex-date: 30th March 2026 Payment date: 4th June 2026 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Nov 27
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 9.2% to JP¥1,545. The fair value is estimated to be JP¥1,272, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 33%. Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: JP¥28.94 (vs JP¥25.56 in 2Q 2025) Second quarter 2026 results: EPS: JP¥28.94 (up from JP¥25.56 in 2Q 2025). Revenue: JP¥44.4b (up 14% from 2Q 2025). Net income: JP¥8.71b (up 12% from 2Q 2025). Profit margin: 20% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 34% per year. Price Target Changed • Nov 05
Price target increased by 16% to JP¥1,485 Up from JP¥1,285, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥1,455. Stock is up 23% over the past year. The company is forecast to post earnings per share of JP¥154 for next year compared to JP¥119 last year. Buy Or Sell Opportunity • Oct 20
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥1,395. The fair value is estimated to be JP¥1,159, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 28%. Buy Or Sell Opportunity • Oct 04
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to JP¥1,405. The fair value is estimated to be JP¥1,162, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 28%. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.1%). Announcement • Sep 05
Hirogin Holdings, Inc. to Report Q2, 2026 Results on Nov 10, 2025 Hirogin Holdings, Inc. announced that they will report Q2, 2026 results on Nov 10, 2025 Buy Or Sell Opportunity • Aug 25
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to JP¥1,420. The fair value is estimated to be JP¥1,176, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 28%. Reported Earnings • Aug 05
First quarter 2026 earnings released: EPS: JP¥38.84 (vs JP¥35.01 in 1Q 2025) First quarter 2026 results: EPS: JP¥38.84 (up from JP¥35.01 in 1Q 2025). Revenue: JP¥42.2b (up 8.6% from 1Q 2025). Net income: JP¥11.7b (up 9.7% from 1Q 2025). Profit margin: 28% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 29% per year. Announcement • Jul 13
Hirogin Holdings, Inc. to Report Q1, 2026 Results on Aug 04, 2025 Hirogin Holdings, Inc. announced that they will report Q1, 2026 results on Aug 04, 2025 Declared Dividend • Jul 09
Final dividend of JP¥27.00 announced Shareholders will receive a dividend of JP¥27.00. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 4.3%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 14
Full year 2025 earnings released: EPS: JP¥119 (vs JP¥90.35 in FY 2024) Full year 2025 results: EPS: JP¥119 (up from JP¥90.35 in FY 2024). Revenue: JP¥162.0b (up 20% from FY 2024). Net income: JP¥35.8b (up 29% from FY 2024). Profit margin: 22% (up from 21% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
Hirogin Holdings, Inc. (TSE:7337) announces an Equity Buyback for 6,000,000 shares, representing 1.94% for ¥5,000 million. Hirogin Holdings, Inc. (TSE:7337) announces a share repurchase program. Under the program, the company will repurchase up to 6,000,000 shares, representing 1.94% of its issued share capital (excluding treasury stock), for ¥5,000 million. The purpose of the program is to to enhance corporate value by improving capital efficiency, comprehensively taking into account factors such as performance trends and market conditions. The program will run until March 31, 2026. As of March 31, 2025, the company had 308,775,621 shares in issue (including treasury stock) and 4,454,135 shares in treasury. Buy Or Sell Opportunity • Apr 07
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to JP¥922. The fair value is estimated to be JP¥1,258, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has grown by 13%. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,017, the stock trades at a trailing P/E ratio of 10.4x. Average forward P/E is 11x in the Banks industry in Japan. Total returns to shareholders of 82% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥23.50 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 05 June 2025. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.1%). Announcement • Mar 13
Hirogin Holdings, Inc. to Report Fiscal Year 2025 Results on May 12, 2025 Hirogin Holdings, Inc. announced that they will report fiscal year 2025 results on May 12, 2025 Reported Earnings • Feb 04
Third quarter 2025 earnings released: EPS: JP¥35.25 (vs JP¥22.08 in 3Q 2024) Third quarter 2025 results: EPS: JP¥35.25 (up from JP¥22.08 in 3Q 2024). Revenue: JP¥42.9b (up 21% from 3Q 2024). Net income: JP¥10.6b (up 58% from 3Q 2024). Profit margin: 25% (up from 19% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 03
Hirogin Holdings, Inc. to Report Q3, 2025 Results on Feb 03, 2025 Hirogin Holdings, Inc. announced that they will report Q3, 2025 results on Feb 03, 2025 Declared Dividend • Dec 11
First half dividend of JP¥23.50 announced Shareholders will receive a dividend of JP¥23.50. Ex-date: 28th March 2025 Payment date: 5th June 2025 Dividend yield will be 4.0%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥25.56 (vs JP¥22.66 in 2Q 2024) Second quarter 2025 results: EPS: JP¥25.56 (up from JP¥22.66 in 2Q 2024). Revenue: JP¥38.9b (up 7.6% from 2Q 2024). Net income: JP¥7.76b (up 12% from 2Q 2024). Profit margin: 20% (in line with 2Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.5%). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Aug 05
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 Japanese stocks, typically moving 7.1% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: JP¥35.01 (vs JP¥31.12 in 1Q 2024) First quarter 2025 results: EPS: JP¥35.01 (up from JP¥31.12 in 1Q 2024). Revenue: JP¥38.8b (up 7.7% from 1Q 2024). Net income: JP¥10.6b (up 10% from 1Q 2024). Profit margin: 27% (in line with 1Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, while revenues in the Banks industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Aug 02
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.3% to JP¥1,081. The fair value is estimated to be JP¥1,455, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has declined by 5.1%. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • Jul 25
Hirogin Holdings, Inc. (TSE:7337) announces an Equity Buyback for 5,000,000 shares, representing 1.6% for ¥5,000 million. Hirogin Holdings, Inc. (TSE:7337) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 1.6% of its issued share capital (excluding treasury stock), for ¥5,000 million. The purpose of the program is to achieve a consolidated capital adequacy ratio of around 11% and improve corporate value by increasing capital efficiency. The program will run until November 29, 2024. As of June 30, 2024, the company had 312,370,921 shares in issue (including treasury stock) and 3,600,883 shares in treasury. Declared Dividend • Jul 11
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 04
Hirogin Holdings, Inc. to Report Q1, 2025 Results on Aug 01, 2024 Hirogin Holdings, Inc. announced that they will report Q1, 2025 results on Aug 01, 2024 Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥90.35 (vs JP¥40.25 in FY 2023) Full year 2024 results: EPS: JP¥90.35 (up from JP¥40.25 in FY 2023). Revenue: JP¥139.1b (up 5.6% from FY 2023). Net income: JP¥27.7b (up 121% from FY 2023). Profit margin: 20% (up from 9.5% in FY 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • May 15
Hirogin Holdings, Inc., Annual General Meeting, Jun 25, 2024 Hirogin Holdings, Inc., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.9%). Announcement • Mar 17
Hirogin Holdings, Inc. to Report Fiscal Year 2023 Results on May 13, 2024 Hirogin Holdings, Inc. announced that they will report fiscal year 2023 results on May 13, 2024 Reported Earnings • Feb 07
Third quarter 2024 earnings released: EPS: JP¥22.08 (vs JP¥13.24 in 3Q 2023) Third quarter 2024 results: EPS: JP¥22.08 (up from JP¥13.24 in 3Q 2023). Revenue: JP¥44.4b (up 30% from 3Q 2023). Net income: JP¥6.72b (up 63% from 3Q 2023). Profit margin: 15% (up from 12% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Feb 05
Hirogin Holdings, Inc. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024 Hirogin Holdings, Inc. provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay dividend of JPY 18.00 per share against JPY 13.50 per share paid a year ago. Announcement • Dec 31
Hirogin Holdings, Inc. to Report Q3, 2024 Results on Feb 05, 2024 Hirogin Holdings, Inc. announced that they will report Q3, 2024 results on Feb 05, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥22.66 (vs JP¥3.59 in 2Q 2023) Second quarter 2024 results: EPS: JP¥22.66 (up from JP¥3.59 in 2Q 2023). Revenue: JP¥42.3b (up 51% from 2Q 2023). Net income: JP¥6.97b (up JP¥5.85b from 2Q 2023). Profit margin: 17% (up from 4.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥18.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (3.2%). Announcement • Sep 06
Hirogin Holdings, Inc. to Report Q2, 2024 Results on Nov 10, 2023 Hirogin Holdings, Inc. announced that they will report Q2, 2024 results on Nov 10, 2023 Price Target Changed • Aug 24
Price target increased by 18% to JP¥705 Up from JP¥600, the current price target is an average from 2 analysts. New target price is 19% below last closing price of JP¥875. Stock is up 41% over the past year. The company is forecast to post earnings per share of JP¥77.75 for next year compared to JP¥40.25 last year. Buying Opportunity • Aug 17
Now 21% undervalued Over the last 90 days, the stock is up 7.4%. The fair value is estimated to be JP¥1,040, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 11%. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to grow by 135% in the next 2 years. Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: JP¥31.12 (vs JP¥28.83 in 1Q 2023) First quarter 2024 results: EPS: JP¥31.12 (up from JP¥28.83 in 1Q 2023). Revenue: JP¥39.3b (up 9.0% from 1Q 2023). Net income: JP¥9.66b (up 7.8% from 1Q 2023). Profit margin: 25% (in line with 1Q 2023). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 3.4% decline forecast for the Banks industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Buying Opportunity • May 22
Now 20% undervalued Over the last 90 days, the stock is up 7.0%. The fair value is estimated to be JP¥935, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 7.6%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Reported Earnings • May 17
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥40.25 (down from JP¥73.76 in FY 2022). Revenue: JP¥137.2b (up 5.4% from FY 2022). Net income: JP¥12.5b (down 45% from FY 2022). Profit margin: 9.1% (down from 18% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.7%. Earnings per share (EPS) missed analyst estimates by 42%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, while revenues in the Banks industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • May 14
Hirogin Holdings, Inc. (TSE:7337) announces an Equity Buyback for 5,000,000 shares, representing 1.6% for ¥3,000 million. Hirogin Holdings, Inc. (TSE:7337) announces a share repurchase program. Under the program, the company will repurchase up to 5,000,000 shares, representing 1.6% of its issued share capital (excluding treasury stock), for ¥3,000 million. The purpose of the program is to achieve a consolidated capital adequacy ratio of around 11% and improve corporate value by increasing capital efficiency. The program will run until March 29, 2024. As of April 30, 2023, the company had 312,370,921 shares in issue (including treasury stock) and 3,822 shares in treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥13.50 per share at 4.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (4.0%). Reported Earnings • Feb 08
Third quarter 2023 earnings released: EPS: JP¥13.24 (vs JP¥28.22 in 3Q 2022) Third quarter 2023 results: EPS: JP¥13.24 (down from JP¥28.22 in 3Q 2022). Revenue: JP¥34.5b (down 2.6% from 3Q 2022). Net income: JP¥4.12b (down 53% from 3Q 2022). Profit margin: 12% (down from 25% in 3Q 2022). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, while revenues in the Banks industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Dec 23
Hirogin Holdings, Inc. to Report Q3, 2023 Results on Feb 06, 2023 Hirogin Holdings, Inc. announced that they will report Q3, 2023 results on Feb 06, 2023 Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Toshiaki Kitamura was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 13
Second quarter 2023 earnings released Second quarter 2023 results: Net income: JP¥1.12b (down 72% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Sep 29
Hirogin Holdings, Inc. to Report Q2, 2023 Results on Nov 11, 2022 Hirogin Holdings, Inc. announced that they will report Q2, 2023 results on Nov 11, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥13.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (4.4%). Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥28.83 (vs JP¥22.90 in 1Q 2022) First quarter 2023 results: EPS: JP¥28.83 (up from JP¥22.90 in 1Q 2022). Revenue: JP¥36.1b (up 7.6% from 1Q 2022). Net income: JP¥8.96b (up 26% from 1Q 2022). Profit margin: 25% (up from 21% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Jul 06
Hirogin Holdings, Inc. to Report Q1, 2023 Results on Aug 03, 2022 Hirogin Holdings, Inc. announced that they will report Q1, 2023 results on Aug 03, 2022 Price Target Changed • Jun 19
Price target increased to JP¥650 Up from JP¥600, the current price target is provided by 1 analyst. New target price is 8.3% above last closing price of JP¥600. Stock is up 5.1% over the past year. The company is forecast to post earnings per share of JP¥76.30 for next year compared to JP¥73.76 last year. Reported Earnings • May 16
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥73.76 (up from JP¥69.27 in FY 2021). Revenue: JP¥132.0b (up 32% from FY 2021). Net income: JP¥22.9b (up 6.2% from FY 2021). Profit margin: 17% (down from 22% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 28%. Earnings per share (EPS) missed analyst estimates by 4.0%. Over the next year, revenue is expected to shrink by 13% compared to a 15% decline forecast for the banks industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • May 14
Hirogin Holdings, Inc. Announces Dividend for the Fiscal Year Ended March 31, 2022, Payable on June 06, 2022 Hirogin Holdings, Inc. announced dividend of JPY 12 per share for the fiscal year ended March 31, 2022. Scheduled date of commencing dividend payment is June 06, 2022. Announcement • May 13
Hirogin Holdings, Inc., Annual General Meeting, Jun 24, 2022 Hirogin Holdings, Inc., Annual General Meeting, Jun 24, 2022.