Announcement • Jun 18
ETS Group Co.,Ltd to Report Q3, 2026 Results on Aug 07, 2026 ETS Group Co.,Ltd announced that they will report Q3, 2026 results on Aug 07, 2026 Announcement • Nov 14
ETS Group Co.,Ltd, Annual General Meeting, Dec 26, 2025 ETS Group Co.,Ltd, Annual General Meeting, Dec 26, 2025. Announcement • Sep 21
ETS Group Co.,Ltd to Report Fiscal Year 2025 Results on Nov 14, 2025 ETS Group Co.,Ltd announced that they will report fiscal year 2025 results on Nov 14, 2025 Announcement • Jul 02
ETS Group Co.,Ltd to Report Q3, 2025 Results on Aug 08, 2025 ETS Group Co.,Ltd announced that they will report Q3, 2025 results on Aug 08, 2025 Announcement • Mar 22
ETS Group Co.,Ltd to Report Q2, 2025 Results on May 14, 2025 ETS Group Co.,Ltd announced that they will report Q2, 2025 results on May 14, 2025 Announcement • Dec 13
ETS Group Co.,Ltd to Report Q1, 2025 Results on Feb 14, 2025 ETS Group Co.,Ltd announced that they will report Q1, 2025 results on Feb 14, 2025 Announcement • Sep 04
ETS Holdings to Delist from Standard Section of the Tokyo Stock Exchange, Effective September 27, 2024 ETS Holdings Co.,Ltd. will be delisted from Standard Section of the Tokyo Stock Exchange effective from September 27, 2024, due to becoming a wholly owned subsidiary of ETS Group Co.,Ltd. Announcement • Aug 29
ETS Holdings Co.,Ltd. to Report Fiscal Year 2024 Results on Nov 14, 2024 ETS Holdings Co.,Ltd. announced that they will report fiscal year 2024 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥572, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Construction industry in Japan. Total loss to shareholders of 34% over the past three years. Reported Earnings • May 19
Second quarter 2024 earnings released: EPS: JP¥34.23 (vs JP¥27.48 in 2Q 2023) Second quarter 2024 results: EPS: JP¥34.23 (up from JP¥27.48 in 2Q 2023). Revenue: JP¥2.30b (down 17% from 2Q 2023). Net income: JP¥218.0m (up 25% from 2Q 2023). Profit margin: 9.5% (up from 6.3% in 2Q 2023). 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 2.4% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥743, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Construction industry in Japan. Total loss to shareholders of 36% over the past three years. Announcement • Mar 14
ETS Holdings Co.,Ltd. to Report Q2, 2024 Results on May 14, 2024 ETS Holdings Co.,Ltd. announced that they will report Q2, 2024 results on May 14, 2024 Reported Earnings • Feb 17
First quarter 2024 earnings released: EPS: JP¥8.32 (vs JP¥9.58 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥8.32 (up from JP¥9.58 loss in 1Q 2023). Revenue: JP¥1.81b (up 8.1% from 1Q 2023). Net income: JP¥53.0m (up JP¥114.0m from 1Q 2023). Profit margin: 2.9% (up from net loss in 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 10% per year. New Risk • Feb 16
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 6.1% 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 Share price has been volatile over the past 3 months (6.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (JP¥4.09b market cap, or US$27.2m). Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥642, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Construction industry in Japan. Total loss to shareholders of 25% over the past three years. Announcement • Dec 28
ETS Holdings Co.,Ltd. to Report Q1, 2024 Results on Feb 14, 2024 ETS Holdings Co.,Ltd. announced that they will report Q1, 2024 results on Feb 14, 2024 Reported Earnings • Nov 20
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥11.93 (down from JP¥33.29 in FY 2022). Revenue: JP¥8.07b (up 21% from FY 2022). Net income: JP¥76.0m (down 64% from FY 2022). Profit margin: 0.9% (down from 3.2% in FY 2022). Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 62%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Construction industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year. Announcement • Nov 17
ETS Holdings Co.,Ltd., Annual General Meeting, Dec 26, 2023 ETS Holdings Co.,Ltd., Annual General Meeting, Dec 26, 2023. Announcement • Sep 24
ETS Holdings Co.,Ltd. to Report Fiscal Year 2023 Results on Nov 14, 2023 ETS Holdings Co.,Ltd. announced that they will report fiscal year 2023 results on Nov 14, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥5.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 26 December 2023. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (3.0%). Reported Earnings • Aug 14
Third quarter 2023 earnings released: JP¥3.30 loss per share (vs JP¥3.93 profit in 3Q 2022) Third quarter 2023 results: JP¥3.30 loss per share (down from JP¥3.93 profit in 3Q 2022). Revenue: JP¥1.77b (up 33% from 3Q 2022). Net loss: JP¥21.0m (down 184% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jun 09
ETS Holdings Co.,Ltd. to Report Q3, 2023 Results on Aug 10, 2023 ETS Holdings Co.,Ltd. announced that they will report Q3, 2023 results on Aug 10, 2023 Reported Earnings • May 16
Second quarter 2023 earnings released: EPS: JP¥27.48 (vs JP¥17.90 in 2Q 2022) Second quarter 2023 results: EPS: JP¥27.48 (up from JP¥17.90 in 2Q 2022). Revenue: JP¥2.77b (up 71% from 2Q 2022). Net income: JP¥175.0m (up 54% from 2Q 2022). Profit margin: 6.3% (down from 7.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 16
First quarter 2023 earnings released: JP¥9.58 loss per share (vs JP¥2.51 loss in 1Q 2022) First quarter 2023 results: JP¥9.58 loss per share (further deteriorated from JP¥2.51 loss in 1Q 2022). Revenue: JP¥1.67b (up 21% from 1Q 2022). Net loss: JP¥61.0m (loss widened 281% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 28
Full year 2022 earnings released: EPS: JP¥33.29 (vs JP¥27.48 in FY 2021) Full year 2022 results: EPS: JP¥33.29 (up from JP¥27.48 in FY 2021). Revenue: JP¥6.69b (up 37% from FY 2021). Net income: JP¥212.0m (up 21% from FY 2021). Profit margin: 3.2% (down from 3.6% in FY 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Dec 28
ETS Holdings Co.,Ltd. to Report Q1, 2023 Results on Feb 14, 2023 ETS Holdings Co.,Ltd. announced that they will report Q1, 2023 results on Feb 14, 2023 Announcement • Nov 23
ETS Holdings Co.,Ltd., Annual General Meeting, Dec 23, 2022 ETS Holdings Co.,Ltd., Annual General Meeting, Dec 23, 2022. Reported Earnings • Nov 22
Full year 2022 earnings released: EPS: JP¥33.29 (vs JP¥27.48 in FY 2021) Full year 2022 results: EPS: JP¥33.29 (up from JP¥27.48 in FY 2021). Revenue: JP¥6.69b (up 37% from FY 2021). Net income: JP¥212.0m (up 21% from FY 2021). Profit margin: 3.2% (down from 3.6% in FY 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. No independent directors (7 non-independent directors). Manager of Production Management Department and Director Kazuhiko Matsui was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Sep 22
ETS Holdings Co.,Ltd. to Report Fiscal Year 2022 Results on Nov 14, 2022 ETS Holdings Co.,Ltd. announced that they will report fiscal year 2022 results on Nov 14, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 27 December 2022. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.5%). Reported Earnings • Aug 05
Third quarter 2022 earnings released: EPS: JP¥3.93 (vs JP¥5.81 in 3Q 2021) Third quarter 2022 results: EPS: JP¥3.93 (down from JP¥5.81 in 3Q 2021). Revenue: JP¥1.34b (up 15% from 3Q 2021). Net income: JP¥25.0m (down 32% from 3Q 2021). Profit margin: 1.9% (down from 3.2% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 26
ETS Holdings Co.,Ltd. to Report Q3, 2022 Results on Aug 04, 2022 ETS Holdings Co.,Ltd. announced that they will report Q3, 2022 results on Aug 04, 2022 Reported Earnings • May 11
Second quarter 2022 earnings released: EPS: JP¥17.90 (vs JP¥13.97 in 2Q 2021) Second quarter 2022 results: EPS: JP¥17.90 (up from JP¥13.97 in 2Q 2021). Revenue: JP¥1.62b (up 19% from 2Q 2021). Net income: JP¥114.0m (up 28% from 2Q 2021). Profit margin: 7.0% (up from 6.5% 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 23% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. No independent directors (7 non-independent directors). Manager of Production Management Department and Director Kazuhiko Matsui was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
ETS Holdings Co.,Ltd. to Report Q2, 2022 Results on May 10, 2022 ETS Holdings Co.,Ltd. announced that they will report Q2, 2022 results on May 10, 2022 Reported Earnings • Feb 09
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: JP¥2.51 loss per share (down from JP¥4.87 profit in 1Q 2021). Revenue: JP¥1.38b (up 10% from 1Q 2021). Net loss: JP¥16.0m (down 152% from profit in 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥755, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 9x in the Construction industry in Japan. Total returns to shareholders of 99% over the past three years. Reported Earnings • Nov 15
Full year 2021 earnings released: EPS JP¥27.48 (vs JP¥23.71 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥4.90b (down 14% from FY 2020). Net income: JP¥175.0m (up 16% from FY 2020). Profit margin: 3.6% (up from 2.6% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Sep 25
ETS Holdings Co.,Ltd. (JASDAQ:1789) signed a share transfer agreement to acquire Iwai Kogyosho Co., Ltd. from Tomohiro Yanagi. ETS Holdings Co.,Ltd. (JASDAQ:1789) signed a share transfer agreement to acquire Iwai Kogyosho Co., Ltd. from Tomohiro Yanagi on September 24, 2021. Iwai Kogyosho will become wholly owned subsidiary of ETS. At the end of December 2020, Iwai Kogyosho Co., Ltd. had net worth of ¥254 million, total assets of ¥826 million, sales of ¥338 million. operating loss of ¥7 million and net income of ¥8 million. Transaction is expected to close on September 30, 2021. As on September 24, 2021, ETS Holdings' board provided the resolution on September 24, 2021. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 24 December 2021. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (3.0%). Reported Earnings • Aug 06
Third quarter 2021 earnings released: EPS JP¥5.81 (vs JP¥5.50 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.17b (up 24% from 3Q 2020). Net income: JP¥37.0m (up JP¥72.0m from 3Q 2020). Profit margin: 3.2% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 10
Second quarter 2021 earnings released: EPS JP¥13.97 (vs JP¥10.21 in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥1.36b (down 17% from 2Q 2020). Net income: JP¥89.0m (up 37% from 2Q 2020). Profit margin: 6.5% (up from 4.0% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,185, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 10x in the Construction industry in Japan. Total returns to shareholders of 109% over the past three years. Announcement • Mar 17
ETS Holdings Co.,Ltd. to Report Q2, 2021 Results on May 07, 2021 ETS Holdings Co.,Ltd. announced that they will report Q2, 2021 results on May 07, 2021 Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 22% share price gain to JP¥1,020, the stock trades at a trailing P/E ratio of 34.7x, up from the previous P/E ratio of 28.6x. Average P/E is 10x in the Construction industry in Japan. Total returns to shareholders over the past three years are 99%. Reported Earnings • Feb 07
First quarter 2021 earnings released: EPS JP¥4.87 (vs JP¥0.79 loss in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: JP¥1.25b (down 20% from 1Q 2020). Net income: JP¥31.0m (up JP¥36.0m from 1Q 2020). Profit margin: 2.5% (up from net loss in 1Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥954, the stock is trading at a trailing P/E ratio of 40.2x, up from the previous P/E ratio of 33.6x. This compares to an average P/E of 9x in the Construction industry in Japan. Total returns to shareholders over the past three years are 71%. Is New 90 Day High Low • Jan 04
New 90-day high: JP¥895 The company is up 14% from its price of JP¥788 on 06 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is up 2.0% over the same period. Announcement • Dec 30
ETS Holdings Co.,Ltd. to Report Q1, 2021 Results on Feb 05, 2021 ETS Holdings Co.,Ltd. announced that they will report Q1, 2021 results on Feb 05, 2021 Reported Earnings • Dec 27
Full year 2020 earnings released: EPS JP¥23.71 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥5.70b (up 3.3% from FY 2019). Net income: JP¥151.0m (up 40% from FY 2019). Profit margin: 2.6% (up from 2.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 23% share price gain to JP¥879, the stock is trading at a trailing P/E ratio of 37.1x, up from the previous P/E ratio of 30.2x. This compares to an average P/E of 9x in the Construction industry in Japan. Total returns to shareholders over the past three years are 67%. Is New 90 Day High Low • Dec 16
New 90-day high: JP¥820 The company is up 1.0% from its price of JP¥813 on 16 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Construction industry, which is also up 1.0% over the same period. Reported Earnings • Nov 15
Full year 2020 earnings released: EPS JP¥23.71 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥5.70b (up 3.3% from FY 2019). Net income: JP¥151.0m (up 40% from FY 2019). Profit margin: 2.6% (up from 2.0% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 15
ETS Holdings Co.,Ltd., Annual General Meeting, Dec 23, 2020 ETS Holdings Co.,Ltd., Annual General Meeting, Dec 23, 2020. Upcoming Dividend • Sep 22
Upcoming Dividend of JP¥5.00 Per Share Will be paid on the 23rd of December to those who are registered shareholders by the 29th of September. The trailing yield of 0.6% is below the top quartile of Japanese dividend payers (3.1%), and is lower than industry peers (2.9%). Announcement • Sep 19
ETS Holdings Co.,Ltd. to Report Fiscal Year 2020 Results on Nov 13, 2020 ETS Holdings Co.,Ltd. announced that they will report fiscal year 2020 results on Nov 13, 2020 Announcement • Jun 20
ETS Holdings Co.,Ltd. to Report Q3, 2020 Results on Aug 06, 2020 ETS Holdings Co.,Ltd. announced that they will report Q3, 2020 results on Aug 06, 2020 