Reported Earnings • 13h
First quarter 2027 earnings released: EPS: JP¥88.93 (vs JP¥80.73 in 1Q 2026) First quarter 2027 results: EPS: JP¥88.93 (up from JP¥80.73 in 1Q 2026). Revenue: JP¥8.06b (up 6.9% from 1Q 2026). Net income: JP¥348.0m (up 9.0% from 1Q 2026). Profit margin: 4.3% (in line with 1Q 2026). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jun 06
TOBA, INC. to Report Q1, 2027 Results on Aug 07, 2026 TOBA, INC. announced that they will report Q1, 2027 results on Aug 07, 2026 Reported Earnings • May 09
Full year 2026 earnings released: EPS: JP¥282 (vs JP¥311 in FY 2025) Full year 2026 results: EPS: JP¥282 (down from JP¥311 in FY 2025). Revenue: JP¥29.1b (down 7.9% from FY 2025). Net income: JP¥1.11b (down 10% from FY 2025). Profit margin: 3.8% (down from 3.9% in FY 2025). The decrease in margin was driven by lower revenue. 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 9% per year, which means it is well ahead of earnings. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥60.57 (vs JP¥84.66 in 3Q 2025) Third quarter 2026 results: EPS: JP¥60.57 (down from JP¥84.66 in 3Q 2025). Revenue: JP¥7.13b (down 14% from 3Q 2025). Net income: JP¥237.0m (down 29% from 3Q 2025). Profit margin: 3.3% (down from 4.1% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. New Risk • Dec 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.7b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (166% cash payout ratio). Market cap is less than US$100m (JP¥15.7b market cap, or US$99.9m). Announcement • Dec 02
TOBA, INC. to Report Q3, 2026 Results on Feb 06, 2026 TOBA, INC. announced that they will report Q3, 2026 results on Feb 06, 2026 Declared Dividend • Nov 10
Dividend of JP¥130 announced Shareholders will receive a dividend of JP¥130. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 3.2%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 7.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥60.62 (vs JP¥66.79 in 2Q 2025) Second quarter 2026 results: EPS: JP¥60.62 (down from JP¥66.79 in 2Q 2025). Revenue: JP¥6.88b (down 3.7% from 2Q 2025). Net income: JP¥238.8m (down 9.6% from 2Q 2025). Profit margin: 3.5% (down from 3.7% in 2Q 2025). The decrease in margin was driven by lower revenue. 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 15% per year, which means it is well ahead of earnings. Announcement • Sep 04
TOBA, INC. to Report Q2, 2026 Results on Nov 07, 2025 TOBA, INC. announced that they will report Q2, 2026 results on Nov 07, 2025 Announcement • Aug 25
TOBA, INC. (TSE:7472) announces an Equity Buyback for 60,000 shares, representing 1.51% for ¥240.6 million. TOBA, INC. (TSE:7472) announces a share repurchase program. Under the program, the company will repurchase up to 60,000 shares, representing 1.51% of its issued share capital (excluding treasury stock), for a total purchase price of ¥240.6 million. The shares will be repurchased at a price of ¥4,010 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment and increase shareholder returns through improved capital efficiency. As of August 25, 2025, the company has 3,961,368 shares outstanding (excluding treasury shares) and has 738,632 shares in treasury. Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥80.68 (vs JP¥62.18 in 1Q 2025) First quarter 2026 results: EPS: JP¥80.68 (up from JP¥62.18 in 1Q 2025). Revenue: JP¥7.54b (up 6.3% from 1Q 2025). Net income: JP¥319.0m (up 29% from 1Q 2025). Profit margin: 4.2% (up from 3.5% in 1Q 2025). The increase in margin was driven by higher revenue. 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 9% per year, which means it is well ahead of earnings. Reported Earnings • Jun 24
Full year 2025 earnings released: EPS: JP¥311 (vs JP¥265 in FY 2024) Full year 2025 results: EPS: JP¥311 (up from JP¥265 in FY 2024). Revenue: JP¥31.6b (up 11% from FY 2024). Net income: JP¥1.23b (up 15% from FY 2024). Profit margin: 3.9% (up from 3.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Jun 11
TOBA, INC. to Report Q1, 2026 Results on Aug 07, 2025 TOBA, INC. announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 10
Full year 2025 earnings released: EPS: JP¥311 (vs JP¥265 in FY 2024) Full year 2025 results: EPS: JP¥311 (up from JP¥265 in FY 2024). Revenue: JP¥31.6b (up 11% from FY 2024). Net income: JP¥1.23b (up 15% from FY 2024). Profit margin: 3.9% (up from 3.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • May 09
TOBA, INC., Annual General Meeting, Jun 20, 2025 TOBA, INC., Annual General Meeting, Jun 20, 2025. Announcement • Mar 27
TOBA, INC. to Report Fiscal Year 2025 Results on May 09, 2025 TOBA, INC. announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥130 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.3%). Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: JP¥84.66 (vs JP¥78.65 in 3Q 2024) Third quarter 2025 results: EPS: JP¥84.66 (up from JP¥78.65 in 3Q 2024). Revenue: JP¥8.26b (up 9.4% from 3Q 2024). Net income: JP¥334.7m (up 5.2% from 3Q 2024). Profit margin: 4.1% (down from 4.2% in 3Q 2024). The decrease in margin was driven by higher expenses. 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 9% per year, which means it is well ahead of earnings. Announcement • Dec 03
TOBA, INC. to Report Q3, 2025 Results on Feb 05, 2025 TOBA, INC. announced that they will report Q3, 2025 results on Feb 05, 2025 Declared Dividend • Nov 08
Dividend of JP¥130 announced Shareholders will receive a dividend of JP¥130. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Announcement • Sep 14
TOBA, INC. to Report Q2, 2025 Results on Nov 06, 2024 TOBA, INC. announced that they will report Q2, 2025 results on Nov 06, 2024 Reported Earnings • Aug 07
First quarter 2025 earnings released: EPS: JP¥57.47 (vs JP¥58.33 in 1Q 2024) First quarter 2025 results: EPS: JP¥57.47 (down from JP¥58.33 in 1Q 2024). Revenue: JP¥7.04b (up 5.9% from 1Q 2024). Net income: JP¥229.0m (down 4.2% from 1Q 2024). Profit margin: 3.3% (down from 3.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 14
TOBA, INC. to Report Q1, 2025 Results on Aug 05, 2024 TOBA, INC. announced that they will report Q1, 2025 results on Aug 05, 2024 Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥265 (vs JP¥340 in FY 2023) Full year 2024 results: EPS: JP¥265 (down from JP¥340 in FY 2023). Revenue: JP¥28.4b (down 3.5% from FY 2023). Net income: JP¥1.07b (down 25% from FY 2023). Profit margin: 3.8% (down from 4.8% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 28
TOBA, INC. (TSE:7472) announces an Equity Buyback for 70,000 shares, representing 1.75% for ¥252 million. TOBA, INC. (TSE:7472) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 1.75% of its issued share capital (excluding treasury stock), for a total purchase price of ¥252 million. The shares will be repurchased at a price of ¥3,600 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment and increase shareholder returns through improved capital efficiency. As of May 27, 2024, the company has 4,010,452 shares outstanding (excluding treasury shares) and has 608,848 shares in treasury. Reported Earnings • May 12
Full year 2024 earnings released: EPS: JP¥265 (vs JP¥340 in FY 2023) Full year 2024 results: EPS: JP¥265 (down from JP¥340 in FY 2023). Revenue: JP¥28.4b (down 3.5% from FY 2023). Net income: JP¥1.07b (down 25% from FY 2023). Profit margin: 3.8% (down from 4.8% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 11% per year. Announcement • May 12
TOBA, INC., Annual General Meeting, Jun 21, 2024 TOBA, INC., Annual General Meeting, Jun 21, 2024. Announcement • Apr 01
TOBA, INC. to Report Fiscal Year 2024 Results on May 10, 2024 TOBA, INC. announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥120 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.4%). New Risk • Mar 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.7b (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. 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. Market cap is less than US$100m (JP¥14.7b market cap, or US$99.4m). Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥78.65 (vs JP¥52.32 in 3Q 2023) Third quarter 2024 results: EPS: JP¥78.65 (up from JP¥52.32 in 3Q 2023). Revenue: JP¥7.55b (up 16% from 3Q 2023). Net income: JP¥318.0m (up 45% from 3Q 2023). Profit margin: 4.2% (up from 3.4% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 13% per year. Announcement • Jan 24
TOBA, INC. (TSE:7472) agreed to acquire Izumi Tech, K.K and Izumi Technical Lab Co., Ltd from Izumi Holding Company for ¥790 million. TOBA, INC. (TSE:7472) agreed to acquire Izumi Tech, K.K and Izumi Technical Lab Co., Ltd from Izumi Holding Company for ¥790 million January 22, 2024. Izumi Tech, K.K/Izumi Technical Lab Co., Ltd reported Consolidated sales of ¥29.8 billion, EBIT of ¥1.6 billion and Net Income of ¥1.4 billion on March 2023. Transaction is expected to complete on January 31, 2024. Announcement • Dec 08
TOBA, INC. to Report Q3, 2024 Results on Feb 08, 2024 TOBA, INC. announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥72.98 (vs JP¥83.16 in 2Q 2023) Second quarter 2024 results: EPS: JP¥72.98 (down from JP¥83.16 in 2Q 2023). Revenue: JP¥7.16b (down 7.1% from 2Q 2023). Net income: JP¥298.0m (down 16% from 2Q 2023). Profit margin: 4.2% (down from 4.6% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Oct 03
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥4,021, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 16%. Announcement • Aug 27
TOBA, INC. to Report Q2, 2024 Results on Nov 09, 2023 TOBA, INC. announced that they will report Q2, 2024 results on Nov 09, 2023 Buying Opportunity • Aug 25
Now 20% undervalued Over the last 90 days, the stock is up 8.1%. The fair value is estimated to be JP¥4,009, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 16%. Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥58.33 (vs JP¥76.40 in 1Q 2023) First quarter 2024 results: EPS: JP¥58.33 (down from JP¥76.40 in 1Q 2023). Revenue: JP¥6.65b (down 9.8% from 1Q 2023). Net income: JP¥239.0m (down 27% from 1Q 2023). Profit margin: 3.6% (down from 4.4% in 1Q 2023). The decrease in margin was driven by lower revenue. 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 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 21
Full year 2023 earnings released: EPS: JP¥340 (vs JP¥331 in FY 2022) Full year 2023 results: EPS: JP¥340 (up from JP¥331 in FY 2022). Revenue: JP¥29.5b (flat on FY 2022). Net income: JP¥1.43b (flat on FY 2022). Profit margin: 4.8% (in line with FY 2022). 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 4% per year, which means it is significantly lagging earnings growth. Announcement • May 28
TOBA, INC. to Report Q1, 2024 Results on Aug 09, 2023 TOBA, INC. announced that they will report Q1, 2024 results on Aug 09, 2023 Announcement • May 17
TOBA, INC. (TSE:7472) announces an Equity Buyback for 50,000 shares, representing 1.21% for ¥147 million. TOBA, INC. (TSE:7472) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 1.21% of its issued share capital (excluding treasury stock), for a total purchase price of ¥147 million. The shares will be repurchased at a price of ¥2,940 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment and increase shareholder returns through improved capital efficiency. As of May 16, 2023, the company has 4,120,625 shares outstanding (excluding treasury shares) and has 579,375 shares in treasury. Reported Earnings • May 13
Full year 2023 earnings released: EPS: JP¥340 (vs JP¥331 in FY 2022) Full year 2023 results: EPS: JP¥340 (up from JP¥331 in FY 2022). Revenue: JP¥29.5b (flat on FY 2022). Net income: JP¥1.43b (flat on FY 2022). Profit margin: 4.8% (in line with FY 2022). 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 6% per year, which means it is significantly lagging earnings growth. Announcement • May 13
TOBA, INC., Annual General Meeting, Jun 16, 2023 TOBA, INC., Annual General Meeting, Jun 16, 2023. Buying Opportunity • Apr 18
Now 20% undervalued Over the last 90 days, the stock is up 1.1%. The fair value is estimated to be JP¥3,597, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 16%. Buying Opportunity • Mar 30
Now 22% undervalued Over the last 90 days, the stock is up 2.1%. The fair value is estimated to be JP¥3,628, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 16%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥120 per share at 4.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.8%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥52.32 (vs JP¥107 in 3Q 2022) Third quarter 2023 results: EPS: JP¥52.32 (down from JP¥107 in 3Q 2022). Revenue: JP¥6.50b (down 13% from 3Q 2022). Net income: JP¥219.0m (down 52% from 3Q 2022). Profit margin: 3.4% (down from 6.1% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jan 07
TOBA, INC. to Report Q3, 2023 Results on Feb 08, 2023 TOBA, INC. announced that they will report Q3, 2023 results on Feb 08, 2023 Board Change • Nov 16
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. 6 non-independent directors. Independent Outside Director Keiju Naruse 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 • Nov 15
TOBA, INC. (TSE:7472) announces an Equity Buyback for 145,000 shares, representing 3.4% for ¥398.75 million. TOBA, INC. (JASDAQ:7472) announces a share repurchase program. Under the program, the company will repurchase up to 145,000 shares, representing 3.4% of its issued share capital, for ¥398.75 million. The shares will be repurchased at a price of ¥2,750 per share. The purpose of the program is to implement agile capital policies in response to changes in the business environment and to increase shareholder profits. As of November 14, 2022, the company had 4,266,469 shares in issue (excluding treasury stock) and 433,531 shares in treasury. Reported Earnings • Nov 11
Second quarter 2023 earnings released: EPS: JP¥83.16 (vs JP¥75.11 in 2Q 2022) Second quarter 2023 results: EPS: JP¥83.16 (up from JP¥75.11 in 2Q 2022). Revenue: JP¥7.70b (up 7.6% from 2Q 2022). Net income: JP¥354.0m (up 8.9% from 2Q 2022). Profit margin: 4.6% (up from 4.5% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Sep 28
TOBA, INC. to Report Q2, 2023 Results on Nov 09, 2022 TOBA, INC. announced that they will report Q2, 2023 results on Nov 09, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥76.40 (vs JP¥77.42 in 1Q 2022) First quarter 2023 results: EPS: JP¥76.40 (down from JP¥77.42 in 1Q 2022). Revenue: JP¥7.37b (up 1.5% from 1Q 2022). Net income: JP¥325.0m (down 3.0% from 1Q 2022). Profit margin: 4.4% (down from 4.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jun 30
TOBA, INC. to Report Q1, 2023 Results on Aug 09, 2022 TOBA, INC. announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • Jun 22
Full year 2022 earnings released: EPS: JP¥331 (vs JP¥219 in FY 2021) Full year 2022 results: EPS: JP¥331 (up from JP¥219 in FY 2021). Revenue: JP¥29.7b (up 19% from FY 2021). Net income: JP¥1.42b (up 50% from FY 2021). Profit margin: 4.8% (up from 3.8% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. Reported Earnings • May 13
Full year 2022 earnings released: EPS: JP¥331 (vs JP¥219 in FY 2021) Full year 2022 results: EPS: JP¥331 (up from JP¥219 in FY 2021). Revenue: JP¥29.7b (up 19% from FY 2021). Net income: JP¥1.42b (up 50% from FY 2021). Profit margin: 4.8% (up from 3.8% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Announcement • May 13
TOBA, INC., Annual General Meeting, Jun 17, 2022 TOBA, INC., Annual General Meeting, Jun 17, 2022. Board Change • Apr 27
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. 5 non-independent directors. Independent Outside Director Keiju Naruse was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Buying Opportunity • Apr 19
Now 20% undervalued Over the last 90 days, the stock is up 1.1%. The fair value is estimated to be JP¥3,517, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.5%. Announcement • Apr 08
TOBA, INC. to Report Fiscal Year 2022 Results on May 11, 2022 TOBA, INC. announced that they will report fiscal year 2022 results on May 11, 2022 Buying Opportunity • Mar 30
Now 21% undervalued Over the last 90 days, the stock is up 4.4%. The fair value is estimated to be JP¥3,523, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.5%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥120 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 25% and the cash payout ratio is 76%. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.4%). Buying Opportunity • Mar 05
Now 20% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be JP¥3,602, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.5% per annum over the last 3 years. Announcement • Feb 10
TOBA, INC. (JASDAQ:7472) announces an Equity Buyback for 70,000 shares, representing 1.64% for ¥194.6 million. TOBA, INC. (JASDAQ:7472) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 1.64% of its issued share capital (excluding treasury stock), for ¥194.6 million. The shares will be repurchased at a price of ¥2,780 per share. The purpose of the program is to implement agile capital policies in response to changes in the business environment and to increase shareholder profits by improving capital efficiency. The program will run until February 10, 2022. As of January 31, 2022, the company had 4,268,957 shares in issue (excluding treasury stock) and 731,043 shares in treasury. Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥107 (up from JP¥43.68 in 3Q 2021). Revenue: JP¥7.49b (up 32% from 3Q 2021). Net income: JP¥459.0m (up 143% from 3Q 2021). Profit margin: 6.1% (up from 3.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥75.11 (vs JP¥60.10 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥7.15b (up 14% from 2Q 2021). Net income: JP¥325.0m (up 25% from 2Q 2021). Profit margin: 4.5% (up from 4.1% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS JP¥77.42 (vs JP¥48.55 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥7.26b (up 23% from 1Q 2021). Net income: JP¥335.0m (up 60% from 1Q 2021). Profit margin: 4.6% (up from 3.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥219 (vs JP¥225 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: JP¥25.0b (down 4.4% from FY 2020). Net income: JP¥949.0m (down 2.4% from FY 2020). Profit margin: 3.8% (up from 3.7% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 22 June 2021. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (3.0%). Reported Earnings • Feb 09
Third quarter 2021 earnings released: EPS JP¥43.68 (vs JP¥55.28 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥5.69b (down 11% from 3Q 2020). Net income: JP¥189.0m (down 21% from 3Q 2020). Profit margin: 3.3% (down from 3.7% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥2,716 The company is up 5.0% from its price of JP¥2,586 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 13% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: JP¥2,657 The company is up 1.0% from its price of JP¥2,630 on 23 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 14% over the same period. Announcement • Jan 07
TOBA, INC. to Report Q3, 2021 Results on Feb 05, 2021 TOBA, INC. announced that they will report Q3, 2021 results on Feb 05, 2021 Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS JP¥60.10 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥6.29b (up 6.3% from 2Q 2020). Net income: JP¥260.0m (up 13% from 2Q 2020). Profit margin: 4.1% (up from 3.9% in 2Q 2020). The increase in margin was driven by higher revenue. 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 4% per year. Is New 90 Day High Low • Oct 26
New 90-day low: JP¥2,600 The company is down 9.0% from its price of JP¥2,870 on 27 July 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 8.0% over the same period. Announcement • Oct 10
TOBA, INC. to Report Q2, 2021 Results on Nov 09, 2020 TOBA, INC. announced that they will report Q2, 2021 results on Nov 09, 2020 Is New 90 Day High Low • Oct 07
New 90-day low: JP¥2,636 The company is down 1.0% from its price of JP¥2,656 on 09 July 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 13% over the same period. 
