Reported Earnings • May 15
Full year 2026 earnings released: EPS: JP¥117 (vs JP¥89.41 in FY 2025) Full year 2026 results: EPS: JP¥117 (up from JP¥89.41 in FY 2025). Revenue: JP¥64.8b (up 6.8% from FY 2025). Net income: JP¥2.74b (up 31% from FY 2025). Profit margin: 4.2% (up from 3.4% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Announcement • May 13
Shimojima Co., Ltd., Annual General Meeting, Jun 25, 2026 Shimojima Co., Ltd., Annual General Meeting, Jun 25, 2026. Announcement • May 10
Shimojima Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Shimojima Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%). Buy Or Sell Opportunity • Mar 03
Now 20% undervalued Over the last 90 days, the stock has risen 12% to JP¥1,459. The fair value is estimated to be JP¥1,827, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 10%. Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: JP¥52.89 (vs JP¥45.16 in 3Q 2025) Third quarter 2026 results: EPS: JP¥52.89 (up from JP¥45.16 in 3Q 2025). Revenue: JP¥18.8b (up 8.2% from 3Q 2025). Net income: JP¥1.24b (up 17% from 3Q 2025). Profit margin: 6.6% (up from 6.1% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 13% per year. Declared Dividend • Dec 02
First half dividend of JP¥27.00 announced Dividend of JP¥27.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 4.1%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 51% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 29
Shimojima Co., Ltd. to Report Q3, 2026 Results on Feb 09, 2026 Shimojima Co., Ltd. announced that they will report Q3, 2026 results on Feb 09, 2026 Reported Earnings • Nov 12
Second quarter 2026 earnings released: EPS: JP¥22.66 (vs JP¥19.48 in 2Q 2025) Second quarter 2026 results: EPS: JP¥22.66 (up from JP¥19.48 in 2Q 2025). Revenue: JP¥15.5b (up 5.0% from 2Q 2025). Net income: JP¥530.0m (up 17% from 2Q 2025). Profit margin: 3.4% (up from 3.1% in 2Q 2025). The increase in margin was driven by higher revenue. 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 11% per year, which means it is significantly lagging earnings growth. 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: 02 December 2025. Payout ratio is a comfortable 56% but the company is not cash flow positive. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.9%). Reported Earnings • Aug 11
First quarter 2026 earnings released: EPS: JP¥22.30 (vs JP¥15.69 in 1Q 2025) First quarter 2026 results: EPS: JP¥22.30 (up from JP¥15.69 in 1Q 2025). Revenue: JP¥15.2b (up 4.9% from 1Q 2025). Net income: JP¥521.0m (up 42% from 1Q 2025). Profit margin: 3.4% (up from 2.5% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥27.00 announced Dividend of JP¥27.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 4.4%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (79% 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 9.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 43% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: JP¥89.41 (vs JP¥102 in FY 2024) Full year 2025 results: EPS: JP¥89.41 (down from JP¥102 in FY 2024). Revenue: JP¥60.7b (up 5.0% from FY 2024). Net income: JP¥2.09b (down 12% from FY 2024). Profit margin: 3.4% (down from 4.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,113, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 9x in the Trade Distributors industry in Japan. Total returns to shareholders of 30% over the past three years. Reported Earnings • May 14
Full year 2025 earnings released: EPS: JP¥89.41 (vs JP¥102 in FY 2024) Full year 2025 results: EPS: JP¥89.41 (down from JP¥102 in FY 2024). Revenue: JP¥60.7b (up 5.0% from FY 2024). Net income: JP¥2.09b (down 12% from FY 2024). Profit margin: 3.4% (down from 4.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.3%). Announcement • Feb 28
Shimojima Co., Ltd. to Report Fiscal Year 2025 Results on May 12, 2025 Shimojima Co., Ltd. announced that they will report fiscal year 2025 results on May 12, 2025 Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥45.16 (vs JP¥46.46 in 3Q 2024) Third quarter 2025 results: EPS: JP¥45.16 (down from JP¥46.46 in 3Q 2024). Revenue: JP¥17.4b (up 5.6% from 3Q 2024). Net income: JP¥1.06b (down 2.7% from 3Q 2024). Profit margin: 6.1% (down from 6.6% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Declared Dividend • Dec 03
First half dividend of JP¥27.00 announced Shareholders will receive a dividend of JP¥27.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (78% earnings payout ratio) but not covered by cash flows (172% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 27% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 29
Shimojima Co., Ltd. to Report Q3, 2025 Results on Feb 10, 2025 Shimojima Co., Ltd. announced that they will report Q3, 2025 results at 3:00 PM, Tokyo Standard Time on Feb 10, 2025 Announcement • Nov 26
Shimojima Co., Ltd. (TSE:7482) signed a letter of intent to acquire Ohkura Sangyo, K.K. Shimojima Co., Ltd. (TSE:7482) signed a letter of intent to acquire Ohkura Sangyo, K.K. on November 25, 2024. The parties are scheduled to enter into an agreement on November 26, 2024.
For the period ending June 30, 2024, Ohkura Sangyo, K.K. reported total revenue of ¥1.36 billion, EBIT of ¥22.23 million and net income of ¥19.91 million, total assets of ¥428.07 million and total common equity of ¥197.92 million.
The expected completion of the transaction is January 17, 2025. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: JP¥19.48 (vs JP¥25.46 in 2Q 2024) Second quarter 2025 results: EPS: JP¥19.48 (down from JP¥25.46 in 2Q 2024). Revenue: JP¥14.8b (up 6.1% from 2Q 2024). Net income: JP¥455.0m (down 23% from 2Q 2024). Profit margin: 3.1% (down from 4.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.3%). Reported Earnings • Aug 15
First quarter 2025 earnings released: EPS: JP¥15.69 (vs JP¥25.45 in 1Q 2024) First quarter 2025 results: EPS: JP¥15.69 (down from JP¥25.45 in 1Q 2024). Revenue: JP¥14.5b (up 2.0% from 1Q 2024). Net income: JP¥366.0m (down 38% from 1Q 2024). Profit margin: 2.5% (down from 4.2% 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 83% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥27.00 announced Shareholders will receive a dividend of JP¥27.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 4.9%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥102 (vs JP¥66.20 in FY 2023) Full year 2024 results: EPS: JP¥102 (up from JP¥66.20 in FY 2023). Revenue: JP¥57.8b (up 5.0% from FY 2023). Net income: JP¥2.37b (up 54% from FY 2023). Profit margin: 4.1% (up from 2.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.4%). Announcement • Mar 02
Shimojima Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Shimojima Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥46.46 (vs JP¥44.34 in 3Q 2023) Third quarter 2024 results: EPS: JP¥46.46 (up from JP¥44.34 in 3Q 2023). Revenue: JP¥16.5b (up 3.3% from 3Q 2023). Net income: JP¥1.08b (up 4.9% from 3Q 2023). Profit margin: 6.6% (up from 6.5% 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 110% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Nov 23
Shimojima Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Shimojima Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥25.46 (vs JP¥19.66 in 2Q 2023) Second quarter 2024 results: EPS: JP¥25.46 (up from JP¥19.66 in 2Q 2023). Revenue: JP¥14.0b (up 7.3% from 2Q 2023). Net income: JP¥594.0m (up 30% from 2Q 2023). Profit margin: 4.3% (up from 3.5% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥11.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.8%). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥25.45 (vs JP¥1.03 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥25.45 (up from JP¥1.03 loss in 1Q 2023). Revenue: JP¥14.2b (up 9.0% from 1Q 2023). Net income: JP¥593.0m (up JP¥617.0m from 1Q 2023). Profit margin: 4.2% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 13
Full year 2023 earnings released: EPS: JP¥66.20 (vs JP¥3.70 in FY 2022) Full year 2023 results: EPS: JP¥66.20 (up from JP¥3.70 in FY 2022). Revenue: JP¥55.0b (up 14% from FY 2022). Net income: JP¥1.54b (up JP¥1.46b from FY 2022). Profit margin: 2.8% (up from 0.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 13
Shimojima Co., Ltd., Annual General Meeting, Jun 27, 2023 Shimojima Co., Ltd., Annual General Meeting, Jun 27, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥11.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.8%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥44.33 (vs JP¥15.90 in 3Q 2022) Third quarter 2023 results: EPS: JP¥44.33 (up from JP¥15.90 in 3Q 2022). Revenue: JP¥16.0b (up 15% from 3Q 2022). Net income: JP¥1.03b (up 179% from 3Q 2022). Profit margin: 6.5% (up from 2.7% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Nov 23
Shimojima Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Shimojima Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 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. 7 non-independent directors. Independent Outside Director Chihiro Kanai was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 06
Second quarter 2023 earnings released: EPS: JP¥19.66 (vs JP¥4.38 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥19.66 (up from JP¥4.38 loss in 2Q 2022). Revenue: JP¥13.0b (up 18% from 2Q 2022). Net income: JP¥458.0m (up JP¥560.0m from 2Q 2022). Profit margin: 3.5% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year and the company’s share price has also fallen by 6% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.6%). Announcement • Aug 06
Shimojima Co., Ltd. Provides Dividend Guidance for the Fiscal First Half of 2023 and for the Year Ending March 31, 2023 Shimojima Co., Ltd. provided dividend guidance for the fiscal first half of 2023 and for the year ending March 31, 2023. For the first half, the company expects to pay dividend of JPY 11.00 per share against JPY 11.00 per share for the same period a year ago. For the year ending March 31, 2023, the company expects to pay the dividend of JPY 11.00 per share against JPY 11.00 per share a year ago. Reported Earnings • Aug 05
First quarter 2023 earnings released: JP¥1.03 loss per share (vs JP¥0.21 loss in 1Q 2022) First quarter 2023 results: JP¥1.03 loss per share (down from JP¥0.21 loss in 1Q 2022). Revenue: JP¥13.0b (up 14% from 1Q 2022). Net loss: JP¥24.0m (loss widened 380% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jun 15
Shimojima Co., Ltd. to Report Q2, 2023 Results on Nov 04, 2022 Shimojima Co., Ltd. announced that they will report Q2, 2023 results on Nov 04, 2022 Reported Earnings • May 13
Full year 2022 earnings released: EPS: JP¥3.70 (vs JP¥14.23 loss in FY 2021) Full year 2022 results: EPS: JP¥3.70 (up from JP¥14.23 loss in FY 2021). Revenue: JP¥48.1b (up 2.0% from FY 2021). Net income: JP¥86.0m (up JP¥417.0m from FY 2021). Profit margin: 0.2% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has fallen by 57% 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. Announcement • May 13
Shimojima Co., Ltd., Annual General Meeting, Jun 23, 2022 Shimojima Co., Ltd., Annual General Meeting, Jun 23, 2022. Board Change • Apr 27
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 Chihiro Kanai 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 • Apr 08
Shimojima Co., Ltd. to Report Fiscal Year 2022 Results on May 11, 2022 Shimojima Co., Ltd. announced that they will report fiscal year 2022 results on May 11, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.4%). Reported Earnings • Feb 04
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥15.90 (down from JP¥26.62 in 3Q 2021). Revenue: JP¥13.9b (up 3.6% from 3Q 2021). Net income: JP¥370.0m (down 40% from 3Q 2021). Profit margin: 2.7% (down from 4.6% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 04
Second quarter 2022 earnings released: JP¥4.38 loss per share (vs JP¥34.88 loss in 2Q 2021) The company reported a solid second quarter result with reduced losses and improved control over expenses, although revenues were flat. Second quarter 2022 results: Revenue: JP¥11.0b (flat on 2Q 2021). Net loss: JP¥102.0m (loss narrowed 87% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (2.0%). Reported Earnings • Jun 30
Full year 2021 earnings released: JP¥14.23 loss per share (vs JP¥14.23 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥47.1b (down 2.4% from FY 2020). Net loss: JP¥331.0m (down 200% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • May 14
Full year 2021 earnings released: JP¥14.23 loss per share (vs JP¥14.23 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥47.1b (down 2.4% from FY 2020). Net loss: JP¥331.0m (down 200% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 24 June 2021. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.8%). Announcement • Mar 04
Shimojima Co., Ltd. to Report Fiscal Year 2021 Results on May 11, 2021 Shimojima Co., Ltd. announced that they will report fiscal year 2021 results on May 11, 2021 
