Reported Earnings • May 13
First quarter 2026 earnings released: EPS: JP¥84.65 (vs JP¥104 in 1Q 2025) First quarter 2026 results: EPS: JP¥84.65 (down from JP¥104 in 1Q 2025). Revenue: JP¥20.2b (flat on 1Q 2025). Net income: JP¥1.93b (down 20% from 1Q 2025). Profit margin: 9.6% (down from 12% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 13% per year. Announcement • Apr 15
OYO Corporation to Report Q1, 2026 Results on May 12, 2026 OYO Corporation announced that they will report Q1, 2026 results on May 12, 2026 Declared Dividend • Apr 11
Final dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 29th June 2026 Payment date: 16th September 2026 Dividend yield will be 4.2%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Mar 24
High number of new directors Independent Outside Director Jun Naito was the last director to join the board, commencing their role in 2025. Announcement • Feb 12
OYO Corporation, Annual General Meeting, Mar 26, 2026 OYO Corporation, Annual General Meeting, Mar 26, 2026. Announcement • Jan 26
OYO Corporation to Report Fiscal Year 2025 Results on Feb 12, 2026 OYO Corporation announced that they will report fiscal year 2025 results on Feb 12, 2026 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥47.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 March 2026. Payout ratio is a comfortable 52% and the cash payout ratio is 76%. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: JP¥25.94 (vs JP¥36.41 in 3Q 2024) Third quarter 2025 results: EPS: JP¥25.94 (down from JP¥36.41 in 3Q 2024). Revenue: JP¥19.1b (down 1.1% from 3Q 2024). Net income: JP¥591.0m (down 30% from 3Q 2024). Profit margin: 3.1% (down from 4.4% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Oct 15
OYO Corporation to Report Q3, 2025 Results on Nov 11, 2025 OYO Corporation announced that they will report Q3, 2025 results on Nov 11, 2025 Buy Or Sell Opportunity • Oct 06
Now 22% overvalued Over the last 90 days, the stock has fallen 5.4% to JP¥2,848. The fair value is estimated to be JP¥2,337, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 39%. Declared Dividend • Sep 17
First half dividend of JP¥43.00 announced Shareholders will receive a dividend of JP¥43.00. Ex-date: 29th December 2025 Payment date: 27th March 2026 Dividend yield will be 2.9%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: JP¥8.72 (vs JP¥15.01 in 2Q 2024) Second quarter 2025 results: EPS: JP¥8.72 (down from JP¥15.01 in 2Q 2024). Revenue: JP¥16.5b (flat on 2Q 2024). Net income: JP¥199.0m (down 44% from 2Q 2024). Profit margin: 1.2% (down from 2.2% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Jul 15
OYO Corporation to Report Q2, 2025 Results on Aug 12, 2025 OYO Corporation announced that they will report Q2, 2025 results on Aug 12, 2025 Upcoming Dividend • Jun 20
Upcoming dividend of JP¥43.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 17 September 2025. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.2%). Reported Earnings • May 15
First quarter 2025 earnings released: EPS: JP¥104 (vs JP¥67.48 in 1Q 2024) First quarter 2025 results: EPS: JP¥104 (up from JP¥67.48 in 1Q 2024). Revenue: JP¥20.3b (up 12% from 1Q 2024). Net income: JP¥2.40b (up 49% from 1Q 2024). Profit margin: 12% (up from 8.8% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 13
Final dividend of JP¥43.00 announced Shareholders will receive a dividend of JP¥43.00. Ex-date: 27th June 2025 Payment date: 17th September 2025 Dividend yield will be 3.5%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (50% 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. However, payments have been volatile during that time. Earnings per share has grown by 16% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Apr 17
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Yoko Ikeda was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 15
OYO Corporation to Report Q1, 2025 Results on May 13, 2025 OYO Corporation announced that they will report Q1, 2025 results on May 13, 2025 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥2,301, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total returns to shareholders of 28% over the past three years. New Risk • Feb 26
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 5.2% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.2% average weekly change). Reported Earnings • Feb 13
Full year 2024 earnings released: EPS: JP¥170 (vs JP¥167 in FY 2023) Full year 2024 results: EPS: JP¥170 (up from JP¥167 in FY 2023). Revenue: JP¥74.1b (up 13% from FY 2023). Net income: JP¥4.01b (flat on FY 2023). Profit margin: 5.4% (down from 6.1% 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 36% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 13
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to JP¥3,100. The fair value is estimated to be JP¥2,524, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 36%. Announcement • Jan 18
OYO Corporation to Report Fiscal Year 2024 Results on Feb 12, 2025 OYO Corporation announced that they will report fiscal year 2024 results at 3:00 PM, Tokyo Standard Time on Feb 12, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥39.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 27 March 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.1%). Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: JP¥36.41 (vs JP¥22.61 in 3Q 2023) Third quarter 2024 results: EPS: JP¥36.41 (up from JP¥22.61 in 3Q 2023). Revenue: JP¥19.3b (up 8.1% from 3Q 2023). Net income: JP¥849.0m (up 57% from 3Q 2023). Profit margin: 4.4% (up from 3.0% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Oct 12
OYO Corporation to Report Q3, 2024 Results on Nov 11, 2024 OYO Corporation announced that they will report Q3, 2024 results on Nov 11, 2024 Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: JP¥15.01 (vs JP¥9.97 in 2Q 2023) Second quarter 2024 results: EPS: JP¥15.01 (up from JP¥9.97 in 2Q 2023). Revenue: JP¥16.4b (up 23% from 2Q 2023). Net income: JP¥355.0m (up 49% from 2Q 2023). Profit margin: 2.2% (up from 1.8% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥1,932, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total returns to shareholders of 63% over the past three years. Announcement • Jul 11
OYO Corporation to Report Q2, 2024 Results on Aug 09, 2024 OYO Corporation announced that they will report Q2, 2024 results on Aug 09, 2024 New Risk • Jun 26
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. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.4% average weekly change). Upcoming Dividend • Jun 20
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 20 September 2024. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.9%). Reported Earnings • May 18
First quarter 2024 earnings released: EPS: JP¥67.48 (vs JP¥40.33 in 1Q 2023) First quarter 2024 results: EPS: JP¥67.48 (up from JP¥40.33 in 1Q 2023). Revenue: JP¥18.2b (up 16% from 1Q 2023). Net income: JP¥1.61b (up 67% from 1Q 2023). Profit margin: 8.8% (up from 6.2% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 25% per year. Announcement • Apr 14
OYO Corporation to Report Q1, 2024 Results on May 14, 2024 OYO Corporation announced that they will report Q1, 2024 results on May 14, 2024 Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: JP¥167 (vs JP¥75.33 in FY 2022) Full year 2023 results: EPS: JP¥167 (up from JP¥75.33 in FY 2022). Revenue: JP¥65.6b (up 11% from FY 2022). Net income: JP¥4.01b (up 115% from FY 2022). Profit margin: 6.1% (up from 3.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year. Announcement • Feb 11
OYO Corporation, Annual General Meeting, Mar 26, 2024 OYO Corporation, Annual General Meeting, Mar 26, 2024. Reported Earnings • Feb 10
Full year 2023 earnings released: EPS: JP¥167 (vs JP¥75.33 in FY 2022) Full year 2023 results: EPS: JP¥167 (up from JP¥75.33 in FY 2022). Revenue: JP¥65.6b (up 11% from FY 2022). Net income: JP¥4.01b (up 115% from FY 2022). Profit margin: 6.1% (up from 3.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 20% per year. Announcement • Jan 11
OYO Corporation to Report Fiscal Year 2023 Results on Feb 09, 2024 OYO Corporation announced that they will report fiscal year 2023 results on Feb 09, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥25.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 27 March 2024. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.9%). Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: JP¥22.61 (vs JP¥16.42 in 3Q 2022) Third quarter 2023 results: EPS: JP¥22.61 (up from JP¥16.42 in 3Q 2022). Revenue: JP¥17.8b (up 17% from 3Q 2022). Net income: JP¥542.0m (up 33% from 3Q 2022). Profit margin: 3.0% (up from 2.7% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 12
OYO Corporation to Report Q3, 2023 Results on Nov 10, 2023 OYO Corporation announced that they will report Q3, 2023 results on Nov 10, 2023 New Risk • Aug 18
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 22% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: JP¥9.97 (vs JP¥7.06 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥9.97 (up from JP¥7.06 loss in 2Q 2022). Revenue: JP¥13.3b (up 7.8% from 2Q 2022). Net income: JP¥239.0m (up JP¥415.0m from 2Q 2022). Profit margin: 1.8% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Announcement • Jul 06
OYO Corporation to Report Q2, 2023 Results on Aug 09, 2023 OYO Corporation announced that they will report Q2, 2023 results on Aug 09, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥25.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 20 September 2023. Payout ratio is a comfortable 58% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.0%). Announcement • Jun 16
OYO Corporation (TSE:9755) agreed to acquire Nihon Zitan Co.,Ltd. OYO Corporation (TSE:9755) agreed to acquire Nihon Zitan Co.,Ltd. on June 15, 2023. The transaction is expected to close in June 2023. Reported Earnings • May 16
First quarter 2023 earnings released: EPS: JP¥40.33 (vs JP¥31.98 in 1Q 2022) First quarter 2023 results: EPS: JP¥40.33 (up from JP¥31.98 in 1Q 2022). Revenue: JP¥15.7b (up 9.2% from 1Q 2022). Net income: JP¥966.0m (up 21% from 1Q 2022). Profit margin: 6.2% (up from 5.6% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: JP¥75.33 (vs JP¥113 in FY 2021) Full year 2022 results: EPS: JP¥75.33 (down from JP¥113 in FY 2021). Revenue: JP¥59.0b (up 14% from FY 2021). Net income: JP¥1.86b (down 35% from FY 2021). Profit margin: 3.2% (down from 5.5% in FY 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 22% per year, which means it is well ahead of earnings. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: JP¥75.33 (vs JP¥113 in FY 2021) Full year 2022 results: EPS: JP¥75.33 (down from JP¥113 in FY 2021). Revenue: JP¥59.0b (up 14% from FY 2021). Net income: JP¥1.86b (down 35% from FY 2021). Profit margin: 3.2% (down from 5.5% in FY 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 13% per year, which means it is well ahead of earnings. Announcement • Feb 12
OYO Corporation, Annual General Meeting, Mar 24, 2023 OYO Corporation, Annual General Meeting, Mar 24, 2023. Announcement • Jan 12
OYO Corporation to Report Fiscal Year 2022 Results on Feb 10, 2023 OYO Corporation announced that they will report fiscal year 2022 results on Feb 10, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is on the higher end at 80% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.4%). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Yoko Ikeda was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: JP¥16.42 (vs JP¥20.65 in 3Q 2021) Third quarter 2022 results: EPS: JP¥16.42 (down from JP¥20.65 in 3Q 2021). Revenue: JP¥15.2b (up 13% from 3Q 2021). Net income: JP¥407.0m (down 22% from 3Q 2021). Profit margin: 2.7% (down from 3.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 25
OYO Corporation Ordinary Shares to Be Deleted from OTC Equity OYO Corporation Ordinary Shares (Japan) will be deleted from OTC Equity effective from October 25, 2022, due to Inactive Security. Announcement • Oct 13
OYO Corporation to Report Q3, 2022 Results on Nov 11, 2022 OYO Corporation announced that they will report Q3, 2022 results on Nov 11, 2022 Reported Earnings • Aug 12
Second quarter 2022 earnings released: JP¥7.06 loss per share (vs JP¥9.93 profit in 2Q 2021) Second quarter 2022 results: JP¥7.06 loss per share (down from JP¥9.93 profit in 2Q 2021). Revenue: JP¥12.3b (up 13% from 2Q 2021). Net loss: JP¥176.0m (down 170% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 11
OYO Corporation (TSE:9755) announces an Equity Buyback for 1,000,000 shares, representing 3.93% for ¥2,000 million. OYO Corporation (TSE:9755) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 3.93% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,000 million. The purpose of the program is to improve capital efficiency and enhance shareholder returns. The program will continue through March 24, 2023. As of June 30, 2022, the company had 25,457,637 issued shares (excluding treasury stock) and 1,206,736 treasury shares. Announcement • Jul 10
OYO Corporation to Report Q2, 2022 Results on Aug 10, 2022 OYO Corporation announced that they will report Q2, 2022 results on Aug 10, 2022 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 21 September 2022. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.3%). Reported Earnings • May 16
First quarter 2022 earnings released: EPS: JP¥31.98 (vs JP¥56.54 in 1Q 2021) First quarter 2022 results: EPS: JP¥31.98 (down from JP¥56.54 in 1Q 2021). Revenue: JP¥14.3b (up 7.6% from 1Q 2021). Net income: JP¥799.0m (down 45% from 1Q 2021). Profit margin: 5.6% (down from 11% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 7 non-independent directors. Independent Outside Director Takeshi Miyamoto was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 15
OYO Corporation to Report Q1, 2022 Results on May 13, 2022 OYO Corporation announced that they will report Q1, 2022 results on May 13, 2022 Announcement • Feb 12
OYO Corporation, Annual General Meeting, Mar 25, 2022 OYO Corporation, Annual General Meeting, Mar 25, 2022. Reported Earnings • Feb 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥113 (up from JP¥68.20 in FY 2020). Revenue: JP¥51.7b (up 4.2% from FY 2020). Net income: JP¥2.87b (up 61% from FY 2020). Profit margin: 5.5% (up from 3.6% in FY 2020). 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 32% per year whereas the company’s share price has increased by 27% per year. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.1%). Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS JP¥20.65 (vs JP¥18.46 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: JP¥13.4b (up 13% from 3Q 2020). Net income: JP¥524.0m (up 8.7% from 3Q 2020). Profit margin: 3.9% (down from 4.0% in 3Q 2020). 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 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS JP¥9.93 (vs JP¥2.26 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥10.9b (up 8.8% from 2Q 2020). Net income: JP¥252.0m (up JP¥311.0m from 2Q 2020). Profit margin: 2.3% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 23 September 2021. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (2.0%). Reported Earnings • May 15
First quarter 2021 earnings released: EPS JP¥56.54 (vs JP¥45.46 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: JP¥13.3b (down 7.3% from 1Q 2020). Net income: JP¥1.44b (up 22% from 1Q 2020). Profit margin: 11% (up from 8.3% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Feb 16
OYO Corporation, Annual General Meeting, Mar 26, 2021 OYO Corporation, Annual General Meeting, Mar 26, 2021. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥68.20 (vs JP¥83.33 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥49.6b (down 7.9% from FY 2019). Net income: JP¥1.78b (down 18% from FY 2019). Profit margin: 3.6% (down from 4.0% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 12
New 90-day high: JP¥1,340 The company is up 5.0% from its price of JP¥1,271 on 14 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 4.0% over the same period. Announcement • Dec 26
OYO Corporation to Report Fiscal Year 2020 Results on Feb 12, 2021 OYO Corporation announced that they will report fiscal year 2020 results on Feb 12, 2021 Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥16.00 Per Share Will be paid on the 30th of March to those who are registered shareholders by the 29th of December. The trailing yield of 2.6% is below the top quartile of Japanese dividend payers (3.0%), but it is higher than industry peers (2.0%). Announcement • Jul 17
OYO Corporation to Report Q2, 2020 Results on Aug 12, 2020 OYO Corporation announced that they will report Q2, 2020 results on Aug 12, 2020 
