Buy Or Sell Opportunity • May 20
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.9% to JP¥1,941. The fair value is estimated to be JP¥2,504, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Reported Earnings • May 08
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: JP¥17.99 (up from JP¥15.17 in 1Q 2025). Revenue: JP¥95.6b (up 21% from 1Q 2025). Net income: JP¥8.91b (up 18% from 1Q 2025). Profit margin: 9.3% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.1%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • May 07
MonotaRO Co., Ltd. to Report Q1, 2026 Results on May 07, 2026 MonotaRO Co., Ltd. announced that they will report Q1, 2026 results on May 07, 2026 Declared Dividend • Apr 11
Final dividend of JP¥18.00 announced Shareholders will receive a dividend of JP¥18.00. Ex-date: 29th June 2026 Payment date: 9th September 2026 Dividend yield will be 2.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not covered by cash flows (103% cash payout ratio). The dividend has increased by an average of 36% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Mar 19
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 6.4% 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 Dividend is not well covered by cash flows (104% cash payout ratio). Share price has been volatile over the past 3 months (6.4% average weekly change). Buy Or Sell Opportunity • Mar 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.0% to JP¥2,055. The fair value is estimated to be JP¥2,585, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Buy Or Sell Opportunity • Feb 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.6% to JP¥2,073. The fair value is estimated to be JP¥2,653, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Reported Earnings • Feb 04
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: JP¥65.27 (up from JP¥53.01 in FY 2024). Revenue: JP¥333.9b (up 16% from FY 2024). Net income: JP¥32.4b (up 23% from FY 2024). Profit margin: 9.7% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Feb 04
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 107% Dividend yield: 1.7% 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: Minor Risks Dividend is not well covered by cash flows (107% cash payout ratio). Share price has been volatile over the past 3 months (5.3% average weekly change). Buy Or Sell Opportunity • Jan 29
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.9% to JP¥2,048. The fair value is estimated to be JP¥2,651, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 26 March 2026. Payout ratio is a comfortable 40% and the cash payout ratio is 92%. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.2%). Announcement • Dec 05
MonotaRO Co., Ltd. to Report Fiscal Year 2025 Results on Feb 03, 2026 MonotaRO Co., Ltd. announced that they will report fiscal year 2025 results on Feb 03, 2026 Buy Or Sell Opportunity • Nov 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to JP¥2,136. The fair value is estimated to be JP¥2,686, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 17%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Reported Earnings • Oct 31
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: JP¥16.24 (up from JP¥12.86 in 3Q 2024). Revenue: JP¥81.2b (up 13% from 3Q 2024). Net income: JP¥8.07b (up 26% from 3Q 2024). Profit margin: 9.9% (up from 8.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 1.1%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Oct 14
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 5.2% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Sep 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to JP¥2,265. The fair value is estimated to be JP¥2,838, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Announcement • Sep 18
MonotaRO Co., Ltd. to Report Q3, 2025 Results on Oct 30, 2025 MonotaRO Co., Ltd. announced that they will report Q3, 2025 results on Oct 30, 2025 Declared Dividend • Sep 10
First half dividend of JP¥16.00 announced Shareholders will receive a dividend of JP¥16.00. Ex-date: 29th December 2025 Payment date: 26th March 2026 Dividend yield will be 1.2%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not adequately covered by cash flows (92% cash payout ratio). The dividend has increased by an average of 34% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 28
MonotaRO Co., Ltd. (TSE:3064) announces an Equity Buyback for 17,500 shares, representing 0.003491% for ¥59.5 million. MonotaRO Co., Ltd. (TSE:3064) announces a share repurchase program. Under the program, the company will repurchase up to 17,500 shares, representing 0.003491% of its total shares outstanding excluding treasury shares, for a total of ¥59.5 million. The purpose of repurchase program is to pursue financial strategies with greater agility in response to changes in the business environment. The repurchase program is valid till September 5, 2025. As of July 31, 2025, the company had 501,351,000 shares outstanding excluding treasury shares and has4,445,102 shares in treasury. Reported Earnings • Aug 02
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: JP¥15.86 (up from JP¥12.56 in 2Q 2024). Revenue: JP¥81.1b (up 16% from 2Q 2024). Net income: JP¥7.88b (up 26% from 2Q 2024). Profit margin: 9.7% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.4%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 09 September 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (3.5%). Announcement • Jun 04
MonotaRO Co., Ltd. to Report Q2, 2025 Results on Jul 31, 2025 MonotaRO Co., Ltd. announced that they will report Q2, 2025 results on Jul 31, 2025 Buy Or Sell Opportunity • May 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to JP¥3,127. The fair value is estimated to be JP¥2,587, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Reported Earnings • May 02
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: JP¥15.17 (up from JP¥12.59 in 1Q 2024). Revenue: JP¥79.1b (up 14% from 1Q 2024). Net income: JP¥7.54b (up 21% from 1Q 2024). Profit margin: 9.5% (in line with 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.8%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year. Declared Dividend • Apr 11
Final dividend of JP¥15.00 announced Shareholders will receive a dividend of JP¥15.00. Ex-date: 27th June 2025 Payment date: 9th September 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.6%. Payout Ratios Payout ratio: 36%. Cash payout ratio: 61%. Buy Or Sell Opportunity • Apr 08
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 4.0% to JP¥2,616. The fair value is estimated to be JP¥2,075, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Announcement • Mar 27
MonotaRO Co., Ltd. to Report Q1, 2025 Results on May 01, 2025 MonotaRO Co., Ltd. announced that they will report Q1, 2025 results on May 01, 2025 Announcement • Mar 25
MonotaRO Co., Ltd. (TSE:3064) announces an Equity Buyback for 32,700 shares, representing 0.006522% for ¥107.91 million. MonotaRO Co., Ltd. (TSE:3064) announces a share repurchase program. Under the program, the company will repurchase up to 32,700 shares, representing 0.006522% of its total shares outstanding excluding treasury shares, for a total of ¥107.91 million. The purpose of repurchase program is to pursue financial strategies with greater agility in response to changes in the business environment. The repurchase program is valid till April 2, 2025. As of February 28, 2025, the company had 501,351,000 shares outstanding excluding treasury shares and has 4,445,095 shares in treasury. Buy Or Sell Opportunity • Mar 11
Now 31% overvalued Over the last 90 days, the stock has fallen 3.7% to JP¥2,650. The fair value is estimated to be JP¥2,025, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Price Target Changed • Feb 28
Price target increased by 7.3% to JP¥2,439 Up from JP¥2,273, the current price target is an average from 9 analysts. New target price is approximately in line with last closing price of JP¥2,526. Stock is up 77% over the past year. The company is forecast to post earnings per share of JP¥61.34 for next year compared to JP¥53.00 last year. Announcement • Feb 14
MonotaRO Co., Ltd. Announces Management Changes, Effective March 25, 2025 MonotaRO Co., Ltd. announced the resolution was made at the Board of Directors meeting held on January 31, 2025, and February 14, 2025. New Director Candidate: Director (External Director): Peter Kenevan, Effective March 25, 2025. Other Executive Changes: Planned Promotions of Executive Officers (Effective March 25, 2025). Executive Vice President: Hidetoshi Taura (Currently Senior Executive Officer). Senior Executive Officer: Taisuke Fukawa (Currently Executive Officer). Newly Appointed Executive Officers (Effective March 25, 2025): Yohei Yuki (Currently General Manager, Business Administration Dept.) and Xinpeng Zhang (Currently General Manager, Data Science Dept.). This matter is scheduled to be officially resolved at the Shareholders' Meeting and Board of Directors meeting, both planned to be held on March 25, 2025. Buy Or Sell Opportunity • Feb 05
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to JP¥2,998. The fair value is estimated to be JP¥2,394, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Reported Earnings • Feb 01
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥53.01 (up from JP¥43.90 in FY 2023). Revenue: JP¥288.1b (up 13% from FY 2023). Net income: JP¥26.3b (up 21% from FY 2023). Profit margin: 9.1% (up from 8.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.5%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Trade Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Announcement • Jan 31
MonotaRO Co., Ltd., Annual General Meeting, Mar 25, 2025 MonotaRO Co., Ltd., Annual General Meeting, Mar 25, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 25 March 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.4%). Price Target Changed • Dec 16
Price target increased by 8.2% to JP¥2,211 Up from JP¥2,044, the current price target is an average from 9 analysts. New target price is 20% below last closing price of JP¥2,761. Stock is up 75% over the past year. The company is forecast to post earnings per share of JP¥52.29 for next year compared to JP¥43.90 last year. Buy Or Sell Opportunity • Dec 06
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to JP¥2,759. The fair value is estimated to be JP¥2,291, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Announcement • Dec 04
MonotaRO Co., Ltd. to Report Fiscal Year 2024 Results on Jan 31, 2025 MonotaRO Co., Ltd. announced that they will report fiscal year 2024 results on Jan 31, 2025 Buy Or Sell Opportunity • Nov 11
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to JP¥2,798. The fair value is estimated to be JP¥2,295, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. New Risk • Nov 07
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 6.4% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 02
Third quarter 2024 earnings: Revenues and EPS in line with analyst expectations Third quarter 2024 results: EPS: JP¥12.86 (up from JP¥10.65 in 3Q 2023). Revenue: JP¥72.1b (up 15% from 3Q 2023). Net income: JP¥6.39b (up 21% from 3Q 2023). Profit margin: 8.9% (up from 8.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 13% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Sep 11
MonotaRO Co., Ltd. to Report Q3, 2024 Results on Oct 31, 2024 MonotaRO Co., Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Announcement • Aug 22
MonotaRO Co., Ltd. (TSE:3064) announces an Equity Buyback for 14,100 shares, representing 0.002812% for ¥42.3 million. MonotaRO Co., Ltd. (TSE:3064) announces a share repurchase program. Under the program, the company will repurchase up to 14,100 shares, representing 0.002812% of its total shares outstanding excluding treasury shares, for a total of ¥42.3 million. The purpose of repurchase program is to to pursue financial strategies with greater agility in response to changes in the business environment. The repurchase program is valid till September 2, 2024. As of July 31, 2024, the company had 501,351,000 shares outstanding excluding treasury shares and has 4,444,647 shares in treasury. Reported Earnings • Aug 03
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: JP¥12.57 (up from JP¥10.45 in 2Q 2023). Revenue: JP¥69.7b (up 12% from 2Q 2023). Net income: JP¥6.25b (up 20% from 2Q 2023). Profit margin: 9.0% (up from 8.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 03
First half dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 27th December 2024 Payment date: 25th March 2025 Dividend yield will be 0.9%, which is lower than the industry average of 2.6%. Payout Ratios Payout ratio: 36%. Cash payout ratio: 45%. Buy Or Sell Opportunity • Jul 29
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 9.3% to JP¥2,090. The fair value is estimated to be JP¥1,707, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,112, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 11x in the Trade Distributors industry in Japan. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,716 per share. Buy Or Sell Opportunity • Jul 11
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.7% to JP¥2,093. The fair value is estimated to be JP¥1,724, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Announcement • Jun 13
MonotaRO Co., Ltd. to Report Q2, 2024 Results on Aug 01, 2024 MonotaRO Co., Ltd. announced that they will report Q2, 2024 results on Aug 01, 2024 Buy Or Sell Opportunity • Apr 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to JP¥1,911. The fair value is estimated to be JP¥1,577, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Reported Earnings • Apr 26
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: JP¥12.59 (up from JP¥11.45 in 1Q 2023). Revenue: JP¥69.1b (up 12% from 1Q 2023). Net income: JP¥6.26b (up 10.0% from 1Q 2023). Profit margin: 9.0% (down from 9.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 31% to JP¥1,915. The fair value is estimated to be JP¥1,587, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. 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¥2,017, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 11x in the Trade Distributors industry in Japan. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,457 per share. Declared Dividend • Apr 11
Final dividend increased to JP¥9.00 Dividend of JP¥9.00 is 13% higher than last year. Ex-date: 27th June 2024 Payment date: 9th September 2024 Dividend yield will be 0.8%, which is lower than the industry average of 2.6%. Payout Ratios Payout ratio: 36%. Cash payout ratio: 36%. Reported Earnings • Mar 30
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥43.90 (up from JP¥37.55 in FY 2022). Revenue: JP¥254.3b (up 13% from FY 2022). Net income: JP¥21.8b (up 17% from FY 2022). Profit margin: 8.6% (up from 8.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Mar 25
MonotaRO Co., Ltd. (TSE:3064) announces an Equity Buyback for 59,200 shares, representing 0.01% for ¥130.24 million. MonotaRO Co., Ltd. (TSE:3064) announces a share repurchase program. Under the program, the company will repurchase up to 59,200 shares, representing 0.01% of its total shares outstanding excluding treasury shares, for a total of ¥130.24 million. The purpose of repurchase program is to implement flexible capital policies in response to changes in the business environment. The repurchase program is valid till March 29, 2024. As of February 29, 2024, the company had 501,351,000 shares outstanding excluding treasury shares and has 4,444,396 shares in treasury. Buy Or Sell Opportunity • Mar 21
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to JP¥1,823. The fair value is estimated to be JP¥1,517, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Announcement • Mar 20
MonotaRO Co., Ltd. to Report Q1, 2024 Results on Apr 25, 2024 MonotaRO Co., Ltd. announced that they will report Q1, 2024 results on Apr 25, 2024 Buy Or Sell Opportunity • Feb 15
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at JP¥1,483. The fair value is estimated to be JP¥1,223, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Reported Earnings • Feb 04
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥43.90 (up from JP¥37.55 in FY 2022). Revenue: JP¥254.3b (up 13% from FY 2022). Net income: JP¥21.8b (up 17% from FY 2022). Profit margin: 8.6% (up from 8.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.9%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, while revenues in the Trade Distributors industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Feb 02
MonotaRO Co., Ltd., Annual General Meeting, Mar 24, 2024 MonotaRO Co., Ltd., Annual General Meeting, Mar 24, 2024. 
