Announcement • Dec 01
Daiseki Eco. Solution Co., Ltd. to Delist from Standard Market Segment of the Tokyo Stock Exchange, Effective December 19, 2025 Daiseki Eco. Solution Co., Ltd. will be delisted from Standard Market Segment of the Tokyo Stock Exchange effective from December 19, 2025, due to acquisition by controlling shareholder, etc. Announcement • Nov 18
Daiseki Co.,Ltd. (TSE:9793) completed the acquisition of 46.13% stake in Daiseki Eco. Solution Co., Ltd. (TSE:1712) from group of shareholders. Daiseki Co.,Ltd. (TSE:9793) proposed to acquire remaining 46.13% stake in Daiseki Eco. Solution Co., Ltd. (TSE:1712) from group of shareholders for ¥14.3 billion on October 2, 2025. A cash consideration of ¥14.35 billion valued at ¥1850 per share will be paid by Daiseki Co.,Ltd. As part of consideration, ¥14.35 billion is paid towards common equity of Daiseki Eco. Solution Co., Ltd. Upon completion, Daiseki Co.,Ltd. will own 100% stake in Daiseki Eco. Solution Co., Ltd.
The expected completion of the transaction is November 17, 2025.
Daiseki Co.,Ltd. (TSE:9793) completed the acquisition of 46.13% stake in Daiseki Eco. Solution Co., Ltd. (TSE:1712) from group of shareholders on November 17, 2025. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥1,845, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Commercial Services industry in Japan. Total returns to shareholders of 134% over the past three years. New Risk • Oct 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 03
Second quarter 2026 earnings released: EPS: JP¥21.60 (vs JP¥17.52 in 2Q 2025) Second quarter 2026 results: EPS: JP¥21.60 (up from JP¥17.52 in 2Q 2025). Revenue: JP¥5.57b (up 34% from 2Q 2025). Net income: JP¥363.0m (up 24% from 2Q 2025). Profit margin: 6.5% (down from 7.1% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 21% per year. Upcoming Dividend • Aug 21
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 27 October 2025. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.1%). Reported Earnings • Jul 03
First quarter 2026 earnings released: EPS: JP¥25.44 (vs JP¥17.99 in 1Q 2025) First quarter 2026 results: EPS: JP¥25.44 (up from JP¥17.99 in 1Q 2025). Revenue: JP¥5.89b (up 24% from 1Q 2025). Net income: JP¥427.0m (up 41% from 1Q 2025). Profit margin: 7.2% (up from 6.4% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 13% per year. Declared Dividend • Jun 18
Final dividend of JP¥8.00 announced Shareholders will receive a dividend of JP¥8.00. Ex-date: 28th August 2025 Payment date: 27th October 2025 Dividend yield will be 1.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (19% 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 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 09
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥73.51 (down from JP¥106 in FY 2024). Revenue: JP¥19.9b (down 17% from FY 2024). Net income: JP¥1.23b (down 31% from FY 2024). Profit margin: 6.2% (down from 7.4% in FY 2024). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 8.5% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥953, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Commercial Services industry in Japan. Total loss to shareholders of 7.7% over the past three years. New Risk • Mar 03
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 5.9% 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. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 23 May 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.1%). Announcement • Jan 29
Daiseki Eco. Solution Co., Ltd. to Report Fiscal Year 2025 Results on Apr 08, 2025 Daiseki Eco. Solution Co., Ltd. announced that they will report fiscal year 2025 results on Apr 08, 2025 Reported Earnings • Jan 07
Third quarter 2025 earnings released: EPS: JP¥20.43 (vs JP¥28.29 in 3Q 2024) Third quarter 2025 results: EPS: JP¥20.43 (down from JP¥28.29 in 3Q 2024). Revenue: JP¥5.27b (down 11% from 3Q 2024). Net income: JP¥343.0m (down 28% from 3Q 2024). Profit margin: 6.5% (down from 8.0% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Commercial Services industry in Japan. 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 1% per year, which means it is significantly lagging earnings growth. New Risk • Nov 08
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 5.7% 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. Declared Dividend • Oct 26
First half dividend of JP¥7.00 announced Shareholders will receive a dividend of JP¥7.00. Ex-date: 27th February 2025 Payment date: 23rd May 2025 Dividend yield will be 1.1%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Declared Dividend • Oct 03
First half dividend of JP¥7.00 announced Shareholders will receive a dividend of JP¥7.00. Ex-date: 27th February 2025 Payment date: 23rd May 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 02
Second quarter 2025 earnings released: EPS: JP¥17.52 (vs JP¥32.52 in 2Q 2024) Second quarter 2025 results: EPS: JP¥17.52 (down from JP¥32.52 in 2Q 2024). Revenue: JP¥4.16b (down 41% from 2Q 2024). Net income: JP¥294.0m (down 46% from 2Q 2024). Profit margin: 7.1% (down from 7.8% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Commercial Services industry in Japan. 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 16% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥1,208, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Commercial Services industry in Japan. Total loss to shareholders of 26% over the past three years. Upcoming Dividend • Aug 22
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 28 October 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.1%). Reported Earnings • Jul 03
First quarter 2025 earnings released: EPS: JP¥17.99 (vs JP¥32.45 in 1Q 2024) First quarter 2025 results: EPS: JP¥17.99 (down from JP¥32.45 in 1Q 2024). Revenue: JP¥4.75b (down 28% from 1Q 2024). Net income: JP¥302.0m (down 45% from 1Q 2024). Profit margin: 6.4% (down from 8.2% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Declared Dividend • Jun 06
Final dividend of JP¥7.00 announced Shareholders will receive a dividend of JP¥7.00. Ex-date: 29th August 2024 Payment date: 28th October 2024 Dividend yield will be 1.4%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 6.7% over the next 3 years. However, it would need to fall by 90% to increase the payout ratio to a potentially unsustainable range. Announcement • May 23
Daiseki Eco. Solution Co., Ltd. (TSE:1712) announces an Equity Buyback for 40,000 shares, representing 0.24% for ¥46 million. Daiseki Eco. Solution Co., Ltd. (TSE:1712) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 0.24% for ¥46 million. The company will repurchase its shares in order to implement a flexible capital policy that responds to changes in the business environment. The program will expire on June 11, 2024. As of April 30, 2024, the company had 16,791,339 shares in issue and 35,781 shares in treasury. New Risk • Apr 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.4b (US$99.6m) 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: Major Risk Earnings are forecast to decline by an average of 2.3% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (JP¥15.4b market cap, or US$99.6m). New Risk • Apr 09
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 5.9% 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: Major Risk Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (5.9% average weekly change). Reported Earnings • Apr 06
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥106 (up from JP¥43.05 in FY 2023). Revenue: JP¥24.2b (up 47% from FY 2023). Net income: JP¥1.78b (up 146% from FY 2023). Profit margin: 7.4% (up from 4.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 3.9% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Apr 05
Daiseki Eco. Solution Co., Ltd. Announces Board Resignations, Effective May 22, 2024 Daiseki Eco. Solution Co., Ltd. announced that the board of directors informally decided at its meeting held on April 4, 2024, to make changes in representative directors, directors, and executive officers as follows, effective on May 22, 2024: Retirement of Toshihiko Ninomiya (Current title: Chairperson and Representative Director, New title: Advisor); Retirement of Satoshi Utsuki as Director and Audit and Supervisory Committee Member (Outside); Retirement of Mikihiro Onishi as Director and Audit and Supervisory Committee Member (Outside). Announcement • Apr 04
Daiseki Eco. Solution Co., Ltd., Annual General Meeting, May 22, 2024 Daiseki Eco. Solution Co., Ltd., Annual General Meeting, May 22, 2024. Upcoming Dividend • Feb 21
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 9.2% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.8%). Announcement • Jan 31
Daiseki Eco. Solution Co., Ltd. to Report Fiscal Year 2024 Results on Apr 04, 2024 Daiseki Eco. Solution Co., Ltd. announced that they will report fiscal year 2024 results on Apr 04, 2024 Reported Earnings • Jan 07
Third quarter 2024 earnings released: EPS: JP¥28.29 (vs JP¥15.22 in 3Q 2023) Third quarter 2024 results: EPS: JP¥28.29 (up from JP¥15.22 in 3Q 2023). Revenue: JP¥5.94b (up 32% from 3Q 2023). Net income: JP¥475.0m (up 86% from 3Q 2023). Profit margin: 8.0% (up from 5.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Jan 06
Daiseki Eco. Solution Co., Ltd. Provides Dividend Guidance for Special Year-End Dividend for the Fiscal Year Ending February 29, 2024 Daiseki Eco. Solution Co., Ltd. provided dividend guidance for special year-end dividend for the fiscal year ending February 29, 2024. For the period, the company expects to pay a dividend of ¥1.00. Price Target Changed • Nov 01
Price target increased by 46% to JP¥2,300 Up from JP¥1,575, the current price target is provided by 1 analyst. New target price is 137% above last closing price of JP¥969. Stock is up 22% over the past year. The company is forecast to post earnings per share of JP¥93.79 for next year compared to JP¥43.05 last year. Price Target Changed • Oct 12
Price target increased by 10% to JP¥1,625 Up from JP¥1,475, the current price target is an average from 2 analysts. New target price is 58% above last closing price of JP¥1,031. Stock is up 27% over the past year. The company is forecast to post earnings per share of JP¥93.79 for next year compared to JP¥43.05 last year. Major Estimate Revision • Oct 09
Consensus EPS estimates increase by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥21.3b to JP¥22.0b. EPS estimate increased from JP¥81.84 to JP¥95.29 per share. Net income forecast to shrink 7.0% next year vs 8.0% growth forecast for Commercial Services industry in Japan . Consensus price target of JP¥1,575 unchanged from last update. Share price fell 11% to JP¥1,061 over the past week. New Risk • Oct 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.8% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. New Risk • Aug 24
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥5.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 27 October 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.9%). Major Estimate Revision • Jul 07
Consensus revenue estimates increase by 20% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥17.7b to JP¥21.3b. EPS estimate increased from JP¥56.06 to JP¥81.84 per share. Net income forecast to grow 13% next year vs 7.4% growth forecast for Commercial Services industry in Japan. Consensus price target up from JP¥1,475 to JP¥1,575. Share price rose 26% to JP¥1,353 over the past week. New Risk • Jul 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 01
First quarter 2024 earnings released: EPS: JP¥32.45 (vs JP¥4.11 in 1Q 2023) First quarter 2024 results: EPS: JP¥32.45 (up from JP¥4.11 in 1Q 2023). Revenue: JP¥6.64b (up 98% from 1Q 2023). Net income: JP¥546.0m (up JP¥477.0m from 1Q 2023). Profit margin: 8.2% (up from 2.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.0% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • May 30
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥43.05 (down from JP¥74.52 in FY 2022). Revenue: JP¥16.4b (down 3.9% from FY 2022). Net income: JP¥724.0m (down 42% from FY 2022). Profit margin: 4.4% (down from 7.3% in FY 2022). Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • May 25
Daiseki Eco. Solution Co., Ltd. (TSE:1712) announces an Equity Buyback for 50,000 shares, representing 0.3% for ¥60 million. Daiseki Eco. Solution Co., Ltd. (TSE:1712) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 0.29% for ¥60 million. The company will repurchase its shares in order to carry out agile capital policy in response to changes in the business environment. The program will expire on June 8, 2023. As of April 30, 2023, the company had 16,823,839 shares in issue and 3,281 shares in treasury. Reported Earnings • Apr 08
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥43.05 (down from JP¥74.52 in FY 2022). Revenue: JP¥16.4b (down 3.9% from FY 2022). Net income: JP¥724.0m (down 42% from FY 2022). Profit margin: 4.4% (down from 7.3% in FY 2022). Revenue exceeded analyst estimates by 7.0%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥5.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.2%). Announcement • Jan 31
Daiseki Eco. Solution Co., Ltd. to Report Fiscal Year 2022 Results on Apr 05, 2023 Daiseki Eco. Solution Co., Ltd. announced that they will report fiscal year 2022 results on Apr 05, 2023 Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥943, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Commercial Services industry in Japan. Total loss to shareholders of 20% over the past three years. Reported Earnings • Jan 06
Third quarter 2023 earnings released: EPS: JP¥15.22 (vs JP¥17.98 in 3Q 2022) Third quarter 2023 results: EPS: JP¥15.22 (down from JP¥17.98 in 3Q 2022). Revenue: JP¥4.51b (up 7.9% from 3Q 2022). Net income: JP¥256.0m (down 15% from 3Q 2022). Profit margin: 5.7% (down from 7.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Commercial Services industry in Japan. 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 9% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 16
Price target decreased to JP¥1,475 Down from JP¥1,625, the current price target is an average from 2 analysts. New target price is 80% above last closing price of JP¥820. Stock is down 56% over the past year. The company is forecast to post earnings per share of JP¥35.20 for next year compared to JP¥74.52 last year. Price Target Changed • Oct 06
Price target decreased to JP¥1,475 Down from JP¥1,625, the current price target is an average from 2 analysts. New target price is 72% above last closing price of JP¥856. Stock is down 57% over the past year. The company is forecast to post earnings per share of JP¥35.20 for next year compared to JP¥74.52 last year. Reported Earnings • Oct 05
Second quarter 2023 earnings released: EPS: JP¥8.14 (vs JP¥30.36 in 2Q 2022) Second quarter 2023 results: EPS: JP¥8.14 (down from JP¥30.36 in 2Q 2022). Revenue: JP¥4.00b (down 17% from 2Q 2022). Net income: JP¥137.0m (down 73% from 2Q 2022). Profit margin: 3.4% (down from 11% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Price Target Changed • Oct 04
Price target decreased to JP¥1,525 Down from JP¥1,675, the current price target is an average from 2 analysts. New target price is 90% above last closing price of JP¥802. Stock is down 60% over the past year. The company is forecast to post earnings per share of JP¥65.17 for next year compared to JP¥74.52 last year. Major Estimate Revision • Oct 04
Consensus revenue estimates fall by 11% The consensus outlook for revenues in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥16.6b to JP¥14.8b. EPS estimate fell from JP¥66.33 to JP¥65.17 per share. Net income forecast to grow 11% next year vs 5.8% growth forecast for Commercial Services industry in Japan. Consensus price target of JP¥1,625 unchanged from last update. Share price fell 7.9% to JP¥802 over the past week. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 26 October 2022. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.2%). Announcement • Aug 01
Daiseki Eco. Solution Co., Ltd. Announces Changes in Executive Officers and Other Personnel Change Daiseki Eco. Solution Co., Ltd. announced that the Board of Directors resolved at its meeting held to make changes in Executive Officers and other personnel change as follows, effective on September 1, 2022.Ryuji Suzuki; New title is Senior Managing Director General Manager of Headquarters of Environmental Business In charge of the East Japan Area, from Current title is Senior Managing Director General Manager of Headquarters ofEnvironmental Business In charge of the East Japan Area and business promotion. Yasumasa Matsuoka, New title is Managing Director Deputy General Manager of Headquarters of Environmental Business In charge of the West Japan Area and resource circulation from Current title is Managing Director Deputy General Manager of Headquarters of Environmental Business In charge of the West Japan Area, resource circulation, and environmental analysis. Tomoki Irino, New title is Deputy General Manager of Headquarters of Environmental Business In charge of business promotion and environmental analysis General Manager of Business Promotion Department from Current title of General Manager of Business Promotion Department. Major Estimate Revision • Jul 07
Consensus EPS estimates fall by 17% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥17.7b to JP¥16.6b. EPS estimate also fell from JP¥79.64 per share to JP¥66.33 per share. Net income forecast to grow 14% next year vs 0.7% decline forecast for Commercial Services industry in Japan. Consensus price target down from JP¥1,675 to JP¥1,625. Share price fell 5.4% to JP¥840 over the past week. Reported Earnings • Jul 02
First quarter 2023 earnings released: EPS: JP¥4.11 (vs JP¥17.07 in 1Q 2022) First quarter 2023 results: EPS: JP¥4.11 (down from JP¥17.07 in 1Q 2022). Revenue: JP¥3.36b (down 21% from 1Q 2022). Net income: JP¥69.0m (down 76% from 1Q 2022). Profit margin: 2.1% (down from 6.7% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 7.5%, compared to a 4.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 01
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥74.52 (up from JP¥41.00 in FY 2021). Revenue: JP¥17.1b (up 15% from FY 2021). Net income: JP¥1.25b (up 82% from FY 2021). Profit margin: 7.3% (up from 4.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 3.4%, compared to a 3.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to JP¥2,100 Up from JP¥1,850, the current price target is an average from 3 analysts. New target price is 101% above last closing price of JP¥1,043. Stock is up 3.7% over the past year. The company is forecast to post earnings per share of JP¥85.13 for next year compared to JP¥74.52 last year. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). GM of Planning and Management Division & Director Naoto Chindo was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Apr 12
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥18.7b to JP¥18.3b. EPS estimate also fell from JP¥94.01 per share to JP¥80.96 per share. Net income forecast to grow 8.6% next year vs 9.0% growth forecast for Commercial Services industry in Japan. Consensus price target of JP¥2,150 unchanged from last update. Share price fell 18% to JP¥1,068 over the past week.