Reported Earnings • Jun 27
First quarter 2027 earnings released: EPS: JP¥4.29 (vs JP¥0.97 in 1Q 2026) First quarter 2027 results: EPS: JP¥4.29 (up from JP¥0.97 in 1Q 2026). Revenue: JP¥13.1b (up 19% from 1Q 2026). Net income: JP¥235.0m (up 343% from 1Q 2026). Profit margin: 1.8% (up from 0.5% in 1Q 2026). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 28
Full year 2026 earnings released: EPS: JP¥5.19 (vs JP¥5.73 in FY 2025) Full year 2026 results: EPS: JP¥5.19 (down from JP¥5.73 in FY 2025). Revenue: JP¥43.5b (flat on FY 2025). Net income: JP¥284.0m (down 9.6% from FY 2025). Profit margin: 0.7% (in line with FY 2025). Over the last 3 years on average, earnings per share has fallen by 35% 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. Announcement • Mar 26
Naito & Co., Ltd., Annual General Meeting, May 19, 2026 Naito & Co., Ltd., Annual General Meeting, May 19, 2026. Upcoming Dividend • Feb 19
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 21 May 2026. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.1%). Reported Earnings • Dec 25
Third quarter 2026 earnings released: JP¥0.018 loss per share (vs JP¥1.02 profit in 3Q 2025) Third quarter 2026 results: JP¥0.018 loss per share (down from JP¥1.02 profit in 3Q 2025). Revenue: JP¥10.8b (down 3.9% from 3Q 2025). Net loss: JP¥1.00m (down 102% from profit in 3Q 2025). Profit margin: 0% (down from 0.5% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 36% 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. Announcement • Nov 05
Naito & Co., Ltd. to Report Q3, 2026 Results on Dec 24, 2025 Naito & Co., Ltd. announced that they will report Q3, 2026 results on Dec 24, 2025 Reported Earnings • Sep 26
Second quarter 2026 earnings released: EPS: JP¥1.77 (vs JP¥1.53 in 2Q 2025) Second quarter 2026 results: EPS: JP¥1.77 (up from JP¥1.53 in 2Q 2025). Revenue: JP¥10.7b (down 1.4% from 2Q 2025). Net income: JP¥97.0m (up 16% from 2Q 2025). Profit margin: 0.9% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Jul 26
Naito & Co., Ltd. to Report Q2, 2026 Results on Sep 25, 2025 Naito & Co., Ltd. announced that they will report Q2, 2026 results on Sep 25, 2025 Reported Earnings • Jun 27
First quarter 2026 earnings released: EPS: JP¥0.97 (vs JP¥0.02 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥0.97 (up from JP¥0.02 loss in 1Q 2025). Revenue: JP¥11.0b (up 3.4% from 1Q 2025). Net income: JP¥53.0m (up JP¥53.0m from 1Q 2025). Profit margin: 0.5% (up from 0% 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 27% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Apr 26
Naito & Co., Ltd. to Report Q1, 2026 Results on Jun 26, 2025 Naito & Co., Ltd. announced that they will report Q1, 2026 results on Jun 26, 2025 Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: JP¥5.73 (vs JP¥6.30 in FY 2024) Full year 2025 results: EPS: JP¥5.73 (down from JP¥6.30 in FY 2024). Revenue: JP¥43.6b (down 1.2% from FY 2024). Net income: JP¥314.0m (down 9.0% from FY 2024). Profit margin: 0.7% (down from 0.8% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Mar 27
Naito & Co., Ltd., Annual General Meeting, May 20, 2025 Naito & Co., Ltd., Annual General Meeting, May 20, 2025. Buy Or Sell Opportunity • Mar 26
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 9.2% to JP¥131. The fair value is estimated to be JP¥109, however this is not to be taken as a sell 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 19%. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 22 May 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.7%). Buy Or Sell Opportunity • Feb 13
Now 20% overvalued Over the last 90 days, the stock has fallen 1.5% to JP¥129. The fair value is estimated to be JP¥107, however this is not to be taken as a sell 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 19%. Announcement • Feb 04
Naito & Co., Ltd. to Report Fiscal Year 2025 Results on Mar 27, 2025 Naito & Co., Ltd. announced that they will report fiscal year 2025 results on Mar 27, 2025 Reported Earnings • Dec 26
Third quarter 2025 earnings released: EPS: JP¥1.02 (vs JP¥1.35 in 3Q 2024) Third quarter 2025 results: EPS: JP¥1.02 (down from JP¥1.35 in 3Q 2024). Revenue: JP¥11.3b (flat on 3Q 2024). Net income: JP¥56.0m (down 24% from 3Q 2024). Profit margin: 0.5% (down from 0.7% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Oct 31
Naito & Co., Ltd. to Report Q3, 2025 Results on Dec 24, 2024 Naito & Co., Ltd. announced that they will report Q3, 2025 results on Dec 24, 2024 Reported Earnings • Sep 26
Second quarter 2025 earnings released: EPS: JP¥1.53 (vs JP¥2.47 in 2Q 2024) Second quarter 2025 results: EPS: JP¥1.53 (down from JP¥2.47 in 2Q 2024). Revenue: JP¥10.8b (down 2.9% from 2Q 2024). Net income: JP¥84.0m (down 38% from 2Q 2024). Profit margin: 0.8% (down from 1.2% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 10% per year. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor 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¥7.72b market cap, or US$54.9m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥125, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 9x in the Trade Distributors industry in Japan. Total loss to shareholders of 20% over the past three years. Announcement • Jul 30
Naito & Co., Ltd. to Report Q2, 2025 Results on Sep 25, 2024 Naito & Co., Ltd. announced that they will report Q2, 2025 results on Sep 25, 2024 Reported Earnings • Jun 26
First quarter 2025 earnings released: JP¥0.02 loss per share (vs JP¥1.57 profit in 1Q 2024) First quarter 2025 results: JP¥0.02 loss per share (down from JP¥1.57 profit in 1Q 2024). Revenue: JP¥10.7b (down 3.9% from 1Q 2024). Net income: JP¥0 (down JP¥86.0m from profit in 1Q 2024). Profit margin: 0% (down from 0.8% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • May 05
Naito & Co., Ltd. to Report Q1, 2025 Results on Jun 25, 2024 Naito & Co., Ltd. announced that they will report Q1, 2025 results on Jun 25, 2024 Announcement • Mar 29
Naito & Co., Ltd., Annual General Meeting, May 21, 2024 Naito & Co., Ltd., Annual General Meeting, May 21, 2024. Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: JP¥6.30 (vs JP¥13.37 in FY 2023) Full year 2024 results: EPS: JP¥6.30 (down from JP¥13.37 in FY 2023). Revenue: JP¥44.1b (flat on FY 2023). Net income: JP¥345.0m (down 53% from FY 2023). Profit margin: 0.8% (down from 1.6% in FY 2023). 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 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 21
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 24 May 2024. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Announcement • Jan 31
Naito & Co., Ltd. to Report Fiscal Year 2024 Results on Mar 26, 2024 Naito & Co., Ltd. announced that they will report fiscal year 2024 results on Mar 26, 2024 Reported Earnings • Dec 26
Third quarter 2024 earnings released: EPS: JP¥1.35 (vs JP¥6.36 in 3Q 2023) Third quarter 2024 results: EPS: JP¥1.35 (down from JP¥6.36 in 3Q 2023). Revenue: JP¥11.2b (down 2.6% from 3Q 2023). Net income: JP¥74.0m (down 79% from 3Q 2023). Profit margin: 0.7% (down from 3.0% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Oct 29
Naito & Co., Ltd. to Report Q3, 2024 Results on Dec 25, 2023 Naito & Co., Ltd. announced that they will report Q3, 2024 results on Dec 25, 2023 Reported Earnings • Sep 27
Second quarter 2024 earnings released: EPS: JP¥2.47 (vs JP¥2.79 in 2Q 2023) Second quarter 2024 results: EPS: JP¥2.47 (down from JP¥2.79 in 2Q 2023). Revenue: JP¥11.1b (flat on 2Q 2023). Net income: JP¥135.0m (down 12% from 2Q 2023). Profit margin: 1.2% (down from 1.4% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Aug 06
Naito & Co., Ltd. to Report Q2, 2024 Results on Sep 26, 2023 Naito & Co., Ltd. announced that they will report Q2, 2024 results on Sep 26, 2023 Reported Earnings • Jun 28
First quarter 2024 earnings released: EPS: JP¥1.57 (vs JP¥1.57 in 1Q 2023) First quarter 2024 results: EPS: JP¥1.57 (in line with 1Q 2023). Revenue: JP¥11.1b (up 1.3% from 1Q 2023). Net income: JP¥86.0m (flat on 1Q 2023). Profit margin: 0.8% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • May 30
Full year 2023 earnings released: EPS: JP¥13.37 (vs JP¥8.18 in FY 2022) Full year 2023 results: EPS: JP¥13.37 (up from JP¥8.18 in FY 2022). Revenue: JP¥44.5b (flat on FY 2022). Net income: JP¥732.0m (up 63% from FY 2022). Profit margin: 1.6% (up from 1.0% in FY 2022). 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 7% per year, which means it is significantly lagging earnings. Announcement • May 11
Naito & Co., Ltd. to Report Q1, 2024 Results on Jun 27, 2023 Naito & Co., Ltd. announced that they will report Q1, 2024 results on Jun 27, 2023 Reported Earnings • Mar 29
Full year 2023 earnings released: EPS: JP¥13.37 (vs JP¥8.18 in FY 2022) Full year 2023 results: EPS: JP¥13.37 (up from JP¥8.18 in FY 2022). Revenue: JP¥44.5b (flat on FY 2022). Net income: JP¥732.0m (up 63% from FY 2022). Profit margin: 1.6% (up from 1.0% in FY 2022). 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 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥3.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.7%). Announcement • Jan 31
Naito & Co., Ltd. to Report Fiscal Year 2023 Results on Mar 28, 2023 Naito & Co., Ltd. announced that they will report fiscal year 2023 results on Mar 28, 2023 Reported Earnings • Dec 27
Third quarter 2023 earnings released: EPS: JP¥6.36 (vs JP¥1.81 in 3Q 2022) Third quarter 2023 results: EPS: JP¥6.36 (up from JP¥1.81 in 3Q 2022). Revenue: JP¥11.5b (up 4.3% from 3Q 2022). Net income: JP¥348.0m (up 252% from 3Q 2022). Profit margin: 3.0% (up from 0.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year. 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. 6 experienced directors. 5 highly experienced directors. No independent directors (11 non-independent directors). President and Representative Director Shunji Sakai was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Oct 31
Naito & Co., Ltd. to Report Q3, 2023 Results on Dec 26, 2022 Naito & Co., Ltd. announced that they will report Q3, 2023 results on Dec 26, 2022 Reported Earnings • Oct 01
Second quarter 2023 earnings released: EPS: JP¥2.79 (vs JP¥2.16 in 2Q 2022) Second quarter 2023 results: EPS: JP¥2.79 (up from JP¥2.16 in 2Q 2022). Revenue: JP¥11.2b (flat on 2Q 2022). Net income: JP¥153.0m (up 30% from 2Q 2022). Profit margin: 1.4% (up from 1.1% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Jul 31
Naito & Co., Ltd. to Report Q2, 2023 Results on Sep 28, 2022 Naito & Co., Ltd. announced that they will report Q2, 2023 results on Sep 28, 2022 Reported Earnings • Jun 29
First quarter 2023 earnings released: EPS: JP¥1.57 (vs JP¥2.85 in 1Q 2022) First quarter 2023 results: EPS: JP¥1.57 (down from JP¥2.85 in 1Q 2022). Revenue: JP¥11.0b (down 2.1% from 1Q 2022). Net income: JP¥86.0m (down 45% from 1Q 2022). Profit margin: 0.8% (down from 1.4% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • May 30
Full year 2022 earnings released: EPS: JP¥8.18 (vs JP¥5.00 in FY 2021) Full year 2022 results: EPS: JP¥8.18 (up from JP¥5.00 in FY 2021). Revenue: JP¥44.1b (up 13% from FY 2021). Net income: JP¥448.0m (up 64% from FY 2021). Profit margin: 1.0% (up from 0.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% 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. 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. 6 experienced directors. 4 highly experienced directors. No independent directors (10 non-independent directors). President and Representative Director Shunji Sakai was the last director to join the board, commencing their role in 2014. 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
Naito & Co., Ltd., Annual General Meeting, May 24, 2022 Naito & Co., Ltd., Annual General Meeting, May 24, 2022. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: JP¥8.18 (vs JP¥5.00 in FY 2021) Full year 2022 results: EPS: JP¥8.18 (up from JP¥5.00 in FY 2021). Revenue: JP¥44.1b (up 13% from FY 2021). Net income: JP¥448.0m (up 64% from FY 2021). Profit margin: 1.0% (up from 0.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Feb 18
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 26 May 2022. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.6%). Announcement • Jan 30
Naito & Co., Ltd. to Report Fiscal Year 2022 Results on Mar 29, 2022 Naito & Co., Ltd. announced that they will report fiscal year 2022 results on Mar 29, 2022 Reported Earnings • Dec 24
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥1.81 (down from JP¥1.83 in 3Q 2021). Revenue: JP¥11.0b (up 5.8% from 3Q 2021). Net income: JP¥99.0m (down 1.0% from 3Q 2021). Profit margin: 0.9% (down from 1.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 29
Second quarter 2022 earnings released: EPS JP¥2.16 (vs JP¥0.11 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥11.0b (up 26% from 2Q 2021). Net income: JP¥118.0m (up JP¥112.0m from 2Q 2021). Profit margin: 1.1% (up from 0.1% 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 34% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 29
First quarter 2022 earnings released: EPS JP¥2.85 (vs JP¥1.08 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥11.2b (up 15% from 1Q 2021). Net income: JP¥156.0m (up 164% from 1Q 2021). Profit margin: 1.4% (up from 0.6% 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 32% 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 29
Full year 2021 earnings released: EPS JP¥5.00 (vs JP¥12.53 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥39.1b (down 16% from FY 2020). Net income: JP¥274.0m (down 60% from FY 2020). Profit margin: 0.7% (down from 1.5% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 30
Full year 2021 earnings released: EPS JP¥5.00 (vs JP¥12.53 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥39.1b (down 16% from FY 2020). Net income: JP¥274.0m (down 60% from FY 2020). Profit margin: 0.7% (down from 1.5% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Jan 31
Naito & Co., Ltd. to Report Fiscal Year 2021 Results on Mar 29, 2021 Naito & Co., Ltd. announced that they will report fiscal year 2021 results on Mar 29, 2021 Reported Earnings • Dec 25
Third quarter 2021 earnings released: EPS JP¥1.83 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥10.4b (down 10% from 3Q 2020). Net income: JP¥100.0m (down 33% from 3Q 2020). Profit margin: 1.0% (down from 1.3% 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 15% per year whereas the company’s share price has fallen by 20% per year. Is New 90 Day High Low • Nov 27
New 90-day low: JP¥157 The company is down 1.0% from its price of JP¥158 on 28 August 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 9.0% over the same period. Reported Earnings • Sep 30
First half earnings released Over the last 12 months the company has reported total profits of JP¥309.0m, down 64% from the prior year. Total revenue was JP¥41.2b over the last 12 months, down 16% from the prior year. Is New 90 Day High Low • Sep 28
New 90-day high: JP¥179 The company is up 3.0% from its price of JP¥174 on 30 June 2020. The Japanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 15% over the same period. Announcement • Aug 24
Naito & Co., Ltd. to Report Q2, 2021 Results on Sep 28, 2020 Naito & Co., Ltd. announced that they will report Q2, 2021 results on Sep 28, 2020