Reported Earnings • May 18
Full year 2026 earnings released: EPS: JP¥191 (vs JP¥123 in FY 2025) Full year 2026 results: EPS: JP¥191 (up from JP¥123 in FY 2025). Revenue: JP¥20.8b (up 22% from FY 2025). Net income: JP¥2.83b (up 56% from FY 2025). Profit margin: 14% (up from 11% 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 10% 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 14
F&M Co.,Ltd., Annual General Meeting, Jun 25, 2026 F&M Co.,Ltd., Annual General Meeting, Jun 25, 2026. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,382, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 15x in the Commercial Services industry in Japan. Total returns to shareholders of 13% over the past three years. Announcement • May 09
F&M Co.,Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 F&M Co.,Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.0%). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥75.71 (vs JP¥56.31 in 3Q 2025) Third quarter 2026 results: EPS: JP¥75.71 (up from JP¥56.31 in 3Q 2025). Revenue: JP¥6.06b (up 17% from 3Q 2025). Net income: JP¥1.12b (up 35% from 3Q 2025). Profit margin: 19% (up from 16% 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 3% per year whereas the company’s share price has remained flat. Announcement • Dec 02
F&M Co.,Ltd. to Report Q3, 2026 Results on Jan 30, 2026 F&M Co.,Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥24.95 (vs JP¥10.93 in 2Q 2025) Second quarter 2026 results: EPS: JP¥24.95 (up from JP¥10.93 in 2Q 2025). Revenue: JP¥4.73b (up 35% from 2Q 2025). Net income: JP¥369.0m (up 131% from 2Q 2025). Profit margin: 7.8% (up from 4.6% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year. New Risk • Oct 31
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 5.4% 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 • Sep 22
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.1%). Announcement • Sep 02
F&M Co.,Ltd. to Report Q2, 2026 Results on Oct 31, 2025 F&M Co.,Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥18.79 (vs JP¥16.72 in 1Q 2025) First quarter 2026 results: EPS: JP¥18.79 (up from JP¥16.72 in 1Q 2025). Revenue: JP¥4.22b (up 16% from 1Q 2025). Net income: JP¥278.0m (up 14% from 1Q 2025). Profit margin: 6.6% (down from 6.7% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year. Announcement • Jun 27
F&M Co.,Ltd. to Report Q1, 2026 Results on Jul 31, 2025 F&M Co.,Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥123 (vs JP¥110 in FY 2024) Full year 2025 results: EPS: JP¥123 (up from JP¥110 in FY 2024). Revenue: JP¥17.1b (up 15% from FY 2024). Net income: JP¥1.81b (up 13% from FY 2024). Profit margin: 11% (in line with FY 2024). 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 8% per year, which means it is well ahead of earnings. Announcement • May 14
F&M Co.,Ltd., Annual General Meeting, Jun 26, 2025 F&M Co.,Ltd., Annual General Meeting, Jun 26, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.1%). New Risk • Mar 05
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 5.6% 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: Minor Risks Dividend is not well covered by cash flows (149% cash payout ratio). Share price has been volatile over the past 3 months (5.6% average weekly change). Announcement • Mar 04
F&M Co.,Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 F&M Co.,Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥56.31 (vs JP¥36.05 in 3Q 2024) Third quarter 2025 results: EPS: JP¥56.31 (up from JP¥36.05 in 3Q 2024). Revenue: JP¥5.19b (up 28% from 3Q 2024). Net income: JP¥833.0m (up 58% from 3Q 2024). Profit margin: 16% (up from 13% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year and the company’s share price has also increased by 1% per year. Announcement • Dec 20
F&M Co.,Ltd. to Report Q3, 2025 Results on Jan 31, 2025 F&M Co.,Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥10.93 (vs JP¥17.89 in 2Q 2024) Second quarter 2025 results: EPS: JP¥10.93 (down from JP¥17.89 in 2Q 2024). Revenue: JP¥3.50b (up 5.3% from 2Q 2024). Net income: JP¥160.0m (down 39% from 2Q 2024). Profit margin: 4.6% (down from 7.9% 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 6% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Sep 21
F&M Co.,Ltd. to Report Q2, 2025 Results on Oct 31, 2024 F&M Co.,Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 48%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.0%). Announcement • Sep 12
F&M Co.,Ltd. announced that it has received ¥347.8 million in funding from Yayoi Co., Ltd. On September 11, 2024, F&M Co.,Ltd. closed the transaction. Buy Or Sell Opportunity • Aug 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 33% to JP¥1,528. The fair value is estimated to be JP¥1,943, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 15%. New Risk • Aug 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.8% Last year net profit margin: 15% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 11x cash flows per share). Profit margins are more than 30% lower than last year (9.8% net profit margin). Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥16.72 (vs JP¥25.56 in 1Q 2024) First quarter 2025 results: EPS: JP¥16.72 (down from JP¥25.56 in 1Q 2024). Revenue: JP¥3.64b (up 5.9% from 1Q 2024). Net income: JP¥244.0m (down 35% from 1Q 2024). Profit margin: 6.7% (down from 11% 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 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 09
Now 22% overvalued Over the last 90 days, the stock has fallen 20% to JP¥1,676. The fair value is estimated to be JP¥1,378, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 22%. Announcement • Jun 28
F&M Co.,Ltd. to Report Q1, 2025 Results on Jul 31, 2024 F&M Co.,Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024 Buy Or Sell Opportunity • Jun 10
Now 21% overvalued Over the last 90 days, the stock has fallen 21% to JP¥1,667. The fair value is estimated to be JP¥1,383, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 22%. Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥110 (vs JP¥129 in FY 2023) Full year 2024 results: EPS: JP¥110 (down from JP¥129 in FY 2023). Revenue: JP¥14.9b (up 17% from FY 2023). Net income: JP¥1.61b (down 14% from FY 2023). Profit margin: 11% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 16
F&M Co.,Ltd., Annual General Meeting, Jun 26, 2024 F&M Co.,Ltd., Annual General Meeting, Jun 26, 2024. Buy Or Sell Opportunity • May 15
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to JP¥1,751. The fair value is estimated to be JP¥2,271, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 28%. 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. This is currently the only risk that has been identified for the company. Announcement • Mar 28
F&M Co.,Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 F&M Co.,Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.8%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥36.05 (vs JP¥45.71 in 3Q 2023) Third quarter 2024 results: EPS: JP¥36.05 (down from JP¥45.71 in 3Q 2023). Revenue: JP¥4.06b (up 4.9% from 3Q 2023). Net income: JP¥526.0m (down 21% from 3Q 2023). Profit margin: 13% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Dec 20
F&M Co.,Ltd. to Report Q3, 2024 Results on Jan 31, 2024 F&M Co.,Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥17.89 (vs JP¥19.94 in 2Q 2023) Second quarter 2024 results: EPS: JP¥17.89 (down from JP¥19.94 in 2Q 2023). Revenue: JP¥3.32b (up 19% from 2Q 2023). Net income: JP¥261.0m (down 10% from 2Q 2023). Profit margin: 7.9% (down from 10% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Sep 21
F&M Co.,Ltd. to Report Q2, 2024 Results on Oct 31, 2023 F&M Co.,Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥19.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (1.9%). Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥2,477, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 102% over the past three years. Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥25.56 (vs JP¥21.11 in 1Q 2023) First quarter 2024 results: EPS: JP¥25.56 (up from JP¥21.11 in 1Q 2023). Revenue: JP¥3.44b (up 25% from 1Q 2023). Net income: JP¥373.0m (up 21% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Jul 06
F&M Co.,Ltd. to Report Q1, 2024 Results on Jul 31, 2023 F&M Co.,Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023 Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥2,383, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 119% over the past three years. Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥129 (vs JP¥106 in FY 2022) Full year 2023 results: EPS: JP¥129 (up from JP¥106 in FY 2022). Revenue: JP¥12.7b (up 17% from FY 2022). Net income: JP¥1.88b (up 22% from FY 2022). Profit margin: 15% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share at 1.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.2%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥45.71 (vs JP¥36.73 in 3Q 2022) Third quarter 2023 results: EPS: JP¥45.71 (up from JP¥36.73 in 3Q 2022). Revenue: JP¥3.87b (up 23% from 3Q 2022). Net income: JP¥667.0m (up 24% from 3Q 2022). Profit margin: 17% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Dec 28
F&M Co.,Ltd. to Report Q3, 2023 Results on Jan 31, 2023 F&M Co.,Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 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. 4 experienced directors. 6 highly experienced directors. No independent directors (10 non-independent directors). Director Mikie Okumura was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥2,480, the stock trades at a trailing P/E ratio of 21.9x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 140% over the past three years. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥19.94 (vs JP¥22.41 in 2Q 2022) Second quarter 2023 results: EPS: JP¥19.94 (down from JP¥22.41 in 2Q 2022). Revenue: JP¥2.79b (up 14% from 2Q 2022). Net income: JP¥291.0m (down 11% from 2Q 2022). Profit margin: 10% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Sep 23
F&M Co.,Ltd. to Report Q2, 2023 Results on Oct 31, 2022 F&M Co.,Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 26% 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 (2.3%). Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥2,434, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 14x in the Commercial Services industry in Japan. Total returns to shareholders of 103% over the past three years. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥21.11 (vs JP¥11.44 in 1Q 2022) First quarter 2023 results: EPS: JP¥21.11 (up from JP¥11.44 in 1Q 2022). Revenue: JP¥2.75b (up 31% from 1Q 2022). Net income: JP¥308.0m (up 86% from 1Q 2022). Profit margin: 11% (up from 7.9% in 1Q 2022). The increase in margin was driven by higher revenue. 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 21% per year, which means it is significantly lagging earnings growth. Announcement • Jul 01
F&M Co.,Ltd. to Report Q1, 2023 Results on Jul 29, 2022 F&M Co.,Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 48% share price gain to JP¥1,988, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total returns to shareholders of 105% over the past three years. Announcement • May 18
F&M Co.,Ltd., Annual General Meeting, Jun 28, 2022 F&M Co.,Ltd., Annual General Meeting, Jun 28, 2022. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥106 (vs JP¥58.30 in FY 2021) Full year 2022 results: EPS: JP¥106 (up from JP¥58.30 in FY 2021). Revenue: JP¥10.9b (up 33% from FY 2021). Net income: JP¥1.55b (up 84% from FY 2021). Profit margin: 14% (up from 10% 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 16% per year whereas the company’s share price has increased by 17% per year. 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. 3 experienced directors. 6 highly experienced directors. No independent directors (9 non-independent directors). Director Mikie Okumura was the last director to join the board, commencing their role in 2011. 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
F&M Co.,Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 F&M Co.,Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 16% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥1,619, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total returns to shareholders of 69% over the past three years. Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥36.73 (up from JP¥20.47 in 3Q 2021). Revenue: JP¥3.14b (up 33% from 3Q 2021). Net income: JP¥536.0m (up 81% from 3Q 2021). Profit margin: 17% (up from 13% 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 increased by 5% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥2,246, the stock trades at a trailing P/E ratio of 31.9x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 128% over the past three years. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥22.41 (vs JP¥10.66 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥2.46b (up 36% from 2Q 2021). Net income: JP¥327.0m (up 112% from 2Q 2021). Profit margin: 13% (up from 8.5% 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 3% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment improved over the past week After last week's 26% share price gain to JP¥1,985, the stock trades at a trailing P/E ratio of 33.9x. Average trailing P/E is 16x in the Commercial Services industry in Japan. Total returns to shareholders of 71% over the past three years. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (1.9%). Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,451, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 15x in the Commercial Services industry in Japan. Total returns to shareholders of 36% over the past three years. Reported Earnings • Aug 05
First quarter 2022 earnings released: EPS JP¥11.44 (vs JP¥10.73 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: JP¥2.10b (up 28% from 1Q 2021). Net income: JP¥166.0m (up 7.1% from 1Q 2021). Profit margin: 7.9% (down from 9.4% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥58.30 (vs JP¥46.01 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥8.16b (up 7.9% from FY 2020). Net income: JP¥843.0m (up 27% from FY 2020). Profit margin: 10% (up from 8.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (1.8%). Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥20.47 (vs JP¥17.87 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥2.36b (up 14% from 3Q 2020). Net income: JP¥296.0m (up 15% from 3Q 2020). Profit margin: 13% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 04
New 90-day high: JP¥1,789 The company is up 29% from its price of JP¥1,392 on 06 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 1.0% over the same period. Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥1,686, the stock is trading at a trailing P/E ratio of 29x, up from the previous P/E ratio of 25.1x. This compares to an average P/E of 15x in the Commercial Services industry in Japan. Total returns to shareholders over the past three years are 69%. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,686, the stock is trading at a trailing P/E ratio of 29x, up from the previous P/E ratio of 24.3x. This compares to an average P/E of 15x in the Commercial Services industry in Japan. Total returns to shareholders over the past three years are 69%. Announcement • Dec 20
F&M Co.,Ltd. to Report Q3, 2021 Results on Jan 29, 2021 F&M Co.,Ltd. announced that they will report Q3, 2021 results on Jan 29, 2021 Reported Earnings • Nov 18
Second quarter 2021 earnings released: EPS JP¥10.66 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥1.81b (up 6.0% from 2Q 2020). Net income: JP¥154.0m (up JP¥148.0m from 2Q 2020). Profit margin: 8.5% (up from 0.4% in 2Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Nov 01
First half earnings released Over the last 12 months the company has reported total profits of JP¥840.0m, up 14% from the prior year. Total revenue was JP¥7.72b over the last 12 months, up 5.9% from the prior year. Valuation Update With 7 Day Price Move • Oct 30
Market pulls back on stock over the past week After last week's 16% share price decline to JP¥1,493, the stock is trading at a trailing P/E ratio of 31.1x, down from the previous P/E ratio of 37.1x. This compares to an average P/E of 15x in the Commercial Services industry in Japan. Total returns to shareholders over the past three years are 49%. Valuation Update With 7 Day Price Move • Oct 23
Market bids up stock over the past week After last week's 16% share price gain to JP¥1,780, the stock is trading at a trailing P/E ratio of 37.1x, up from the previous P/E ratio of 32x. This compares to an average P/E of 15x in the Commercial Services industry in Japan. Total returns to shareholders over the past three years are 74%. Is New 90 Day High Low • Oct 14
New 90-day high: JP¥1,550 The company is up 18% from its price of JP¥1,315 on 16 July 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 3.0% over the same period. Announcement • Sep 24
F&M Co.,Ltd. to Report Q2, 2021 Results on Oct 30, 2020 F&M Co.,Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020 Announcement • Jul 19
F&M Co.,Ltd. to Report Q1, 2021 Results on Jul 31, 2020 F&M Co.,Ltd. announced that they will report Q1, 2021 results on Jul 31, 2020