Announcement • Jun 30
Sacos to Be Delisted from the Standard Section of Tokyo Stock Exchange Sacos Corporation will be delisted from the Standard section Of Tokyo Stock Exchange (TSE), effective July 15, 2022. The delisting is due to Acquisition by a demand for share, etc. cash-out. Reported Earnings • May 11
Second quarter 2022 earnings released: EPS: JP¥5.42 (vs JP¥5.98 in 2Q 2021) Second quarter 2022 results: EPS: JP¥5.42 (down from JP¥5.98 in 2Q 2021). Revenue: JP¥4.80b (up 6.9% from 2Q 2021). Net income: JP¥226.0m (down 9.2% from 2Q 2021). Profit margin: 4.7% (down from 5.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 22% share price gain to JP¥432, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 8x in the Trade Distributors industry in Japan. Total returns to shareholders of 54% over the past three years. 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. 5 experienced directors. 6 highly experienced directors. No independent directors (8 non-independent directors). External Auditor Tomoko Aramaki was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Feb 27
Sacos Corporation to Report Q2, 2022 Results on May 10, 2022 Sacos Corporation announced that they will report Q2, 2022 results on May 10, 2022 Reported Earnings • Feb 07
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: JP¥4.15 (down from JP¥5.74 in 1Q 2021). Revenue: JP¥4.67b (up 2.5% from 1Q 2021). Net income: JP¥173.0m (down 28% from 1Q 2021). Profit margin: 3.7% (down from 5.2% in 1Q 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 8% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Dec 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥22.39 (down from JP¥22.56 in FY 2020). Revenue: JP¥17.9b (down 1.8% from FY 2020). Net income: JP¥933.0m (down 1.1% from FY 2020). Profit margin: 5.2% (in line with FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥337, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 9x in the Trade Distributors industry in Japan. Total returns to shareholders of 43% over the past three years. Reported Earnings • Nov 11
Full year 2021 earnings released: EPS JP¥22.39 (vs JP¥22.56 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥17.9b (down 1.8% from FY 2020). Net income: JP¥933.0m (down 1.1% from FY 2020). Profit margin: 5.2% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 23 December 2021. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (3.4%). Reported Earnings • Aug 04
Third quarter 2021 earnings released: EPS JP¥3.57 (vs JP¥2.49 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥4.35b (up 10% from 3Q 2020). Net income: JP¥149.0m (up 43% from 3Q 2020). Profit margin: 3.4% (up from 2.6% in 3Q 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 but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • May 12
Second quarter 2021 earnings released: EPS JP¥5.98 (vs JP¥10.71 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥4.49b (down 11% from 2Q 2020). Net income: JP¥249.0m (down 44% from 2Q 2020). Profit margin: 5.5% (down from 8.9% in 2Q 2020). The decrease in margin was driven by lower revenue. 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. Announcement • Feb 28
Sacos Corporation to Report Q2, 2021 Results on May 10, 2021 Sacos Corporation announced that they will report Q2, 2021 results on May 10, 2021 Reported Earnings • Feb 06
First quarter 2021 earnings released: EPS JP¥5.72 (vs JP¥9.95 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥4.56b (down 11% from 1Q 2020). Net income: JP¥239.0m (down 43% from 1Q 2020). Profit margin: 5.2% (down from 8.2% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. Announcement • Jan 26
Sacos Corporation (JASDAQ:9641) agreed to acquire Shinwadenki Co., Ltd. from Noboru Nonaka and 1 other shareholder. Sacos Corporation (JASDAQ:9641) agreed to acquire Shinwadenki Co., Ltd. from Noboru Nonaka and 1 other shareholder on January 25, 2021. As per terms, Sacos Corporation will acquire 20,300 shares of which 86.7% stake from Noboru Nonaka and 13.3% from the other shareholder. For the year ended March 31, 2020, Shinwadenki Co., Ltd. reported total assets of CNY 472 million, net assets of CNY 136 million, total sales of CNY 516 million, operating income of CNY 0 million and net income of CNY 7 million. The board of directors of Sacos Corporation has resolved the transaction. The transaction is expected to close on February 9, 2021. Is New 90 Day High Low • Jan 25
New 90-day high: JP¥372 The company is up 3.0% from its price of JP¥362 on 27 October 2020. The Japanese market is up 14% 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 • Jan 07
Sacos Corporation to Report Q1, 2021 Results on Feb 04, 2021 Sacos Corporation announced that they will report Q1, 2021 results on Feb 04, 2021 Is New 90 Day High Low • Dec 28
New 90-day high: JP¥369 The company is up 1.0% from its price of JP¥367 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 2.0% over the same period. Reported Earnings • Dec 27
Full year 2020 earnings released: EPS JP¥22.56 The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥18.2b (down 3.4% from FY 2019). Net income: JP¥943.0m (up 3.9% from FY 2019). Profit margin: 5.2% (up from 4.8% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 04
New 90-day low: JP¥333 The company is down 11% from its price of JP¥376 on 04 September 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 3.0% over the same period. Reported Earnings • Nov 12
Full year 2020 earnings released: EPS JP¥22.56 The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥18.2b (down 3.4% from FY 2019). Net income: JP¥943.0m (up 3.9% from FY 2019). Profit margin: 5.2% (up from 4.8% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 02
New 90-day low: JP¥336 The company is down 10.0% from its price of JP¥375 on 04 August 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 6.0% over the same period. Upcoming Dividend • Sep 22
Upcoming Dividend of JP¥7.00 Per Share Will be paid on the 23rd of December to those who are registered shareholders by the 29th of September. The trailing yield of 1.9% is below the top quartile of Japanese dividend payers (3.1%), and is lower than industry peers (3.8%). Announcement • Sep 03
Sacos Corporation to Report Fiscal Year 2020 Results on Nov 10, 2020 Sacos Corporation announced that they will report fiscal year 2020 results on Nov 10, 2020 