Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥150, the stock trades at a trailing P/E ratio of 50x. Average trailing P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 79% over the past three years. Reported Earnings • May 09
Full year 2026 earnings released: EPS: JP¥3.00 (vs JP¥1.80 in FY 2025) Full year 2026 results: EPS: JP¥3.00 (up from JP¥1.80 in FY 2025). Revenue: JP¥4.01b (down 2.3% from FY 2025). Net income: JP¥90.0m (up 67% from FY 2025). Profit margin: 2.2% (up from 1.3% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥2.00 (vs JP¥0.93 in 3Q 2025) Third quarter 2026 results: EPS: JP¥2.00 (up from JP¥0.93 in 3Q 2025). Revenue: JP¥1.05b (down 1.0% from 3Q 2025). Net income: JP¥60.0m (up 114% from 3Q 2025). Profit margin: 5.7% (up from 2.6% in 3Q 2025). The increase in margin was driven by lower expenses. 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 16% per year, which means it is well ahead of earnings. Announcement • Dec 27
Daitobo Co., Ltd. to Report Q3, 2026 Results on Feb 05, 2026 Daitobo Co., Ltd. announced that they will report Q3, 2026 results on Feb 05, 2026 Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥0.20 (vs JP¥1.03 in 2Q 2025) Second quarter 2026 results: EPS: JP¥0.20 (down from JP¥1.03 in 2Q 2025). Revenue: JP¥1.04b (down 4.4% from 2Q 2025). Net income: JP¥6.00m (down 81% from 2Q 2025). Profit margin: 0.6% (down from 2.8% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 10% per year. Declared Dividend • Nov 08
Dividend of JP¥3.00 announced Shareholders will receive a dividend of JP¥3.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 2.7%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (191% earnings payout ratio). However, it is well covered by cash flows (26% cash payout ratio). The dividend has increased by an average of 41% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 113% to bring the payout ratio under control, which is more than the 21% EPS growth achieved over the last 5 years. Announcement • Sep 27
Daitobo Co., Ltd. to Report Q2, 2026 Results on Nov 06, 2025 Daitobo Co., Ltd. announced that they will report Q2, 2026 results on Nov 06, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥0.83 (vs JP¥0.23 in 1Q 2025) First quarter 2026 results: EPS: JP¥0.83 (up from JP¥0.23 in 1Q 2025). Revenue: JP¥877.0m (down 3.6% from 1Q 2025). Net income: JP¥25.0m (up 257% from 1Q 2025). Profit margin: 2.9% (up from 0.8% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: JP¥1.80 (vs JP¥5.06 in FY 2024) Full year 2025 results: EPS: JP¥1.80 (down from JP¥5.06 in FY 2024). Revenue: JP¥4.11b (up 1.8% from FY 2024). Net income: JP¥54.0m (down 65% from FY 2024). Profit margin: 1.3% (down from 3.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jun 27
Daitobo Co., Ltd. to Report Q1, 2026 Results on Aug 06, 2025 Daitobo Co., Ltd. announced that they will report Q1, 2026 results on Aug 06, 2025 New Risk • May 25
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 167% Dividend yield: 2.9% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.6x net interest cover). Minor Risks Dividend is not well covered by earnings (167% payout ratio). Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (JP¥3.09b market cap, or US$21.7m). Reported Earnings • May 09
Full year 2025 earnings released: EPS: JP¥1.80 (vs JP¥5.06 in FY 2024) Full year 2025 results: EPS: JP¥1.80 (down from JP¥5.06 in FY 2024). Revenue: JP¥4.11b (up 1.8% from FY 2024). Net income: JP¥54.0m (down 65% from FY 2024). Profit margin: 1.3% (down from 3.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 09
Daitobo Co., Ltd. (TSE:3202) announces an Equity Buyback for 100,000 shares, representing 0.33% for ¥12 million. Daitobo Co., Ltd. (TSE:3202) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.33% of its share capital, for ¥12 million. The purpose of the program is to improve the level of shareholder returns and to implement a flexible capital policy in response to changes in the business environment. The program will expire on May 30, 2025. As of March 31, 2025, the company had 30,063,100 shares in issue (excluding treasury stock) and 296,900 shares in treasury. Announcement • May 08
Daitobo Co., Ltd., Annual General Meeting, Jun 26, 2025 Daitobo Co., Ltd., Annual General Meeting, Jun 26, 2025. Buy Or Sell Opportunity • Apr 07
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.7% to JP¥94.00. The fair value is estimated to be JP¥123, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.3% over the last 3 years. Earnings per share has grown by 24%. Announcement • Mar 27
Daitobo Co., Ltd. to Report Fiscal Year 2025 Results on May 08, 2025 Daitobo Co., Ltd. announced that they will report fiscal year 2025 results on May 08, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 25 June 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥0.93 (vs JP¥1.22 in 3Q 2024) Third quarter 2025 results: EPS: JP¥0.93 (down from JP¥1.22 in 3Q 2024). Revenue: JP¥1.06b (up 3.4% from 3Q 2024). Net income: JP¥28.0m (down 24% from 3Q 2024). Profit margin: 2.6% (down from 3.6% in 3Q 2024). 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 4% per year, which means it is significantly lagging earnings growth. Announcement • Jan 23
Daitobo Co., Ltd. to Report Q3, 2025 Results on Feb 06, 2025 Daitobo Co., Ltd. announced that they will report Q3, 2025 results on Feb 06, 2025 Declared Dividend • Nov 08
Dividend of JP¥3.00 announced Shareholders will receive a dividend of JP¥3.00. Ex-date: 28th March 2025 Payment date: 25th June 2025 Dividend yield will be 2.9%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (13% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. The company's earnings per share (EPS) would need to decline by 53% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years. Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥1.03 (vs JP¥0.56 in 2Q 2024) Second quarter 2025 results: EPS: JP¥1.03 (up from JP¥0.56 in 2Q 2024). Revenue: JP¥1.09b (up 11% from 2Q 2024). Net income: JP¥31.0m (up 82% from 2Q 2024). Profit margin: 2.8% (up from 1.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 27
Daitobo Co., Ltd. to Report Q2, 2025 Results on Nov 06, 2024 Daitobo Co., Ltd. announced that they will report Q2, 2025 results on Nov 06, 2024 Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥0.63 (vs JP¥1.03 in 1Q 2024) First quarter 2025 results: EPS: JP¥0.63 (down from JP¥1.03 in 1Q 2024). Revenue: JP¥910.0m (up 1.4% from 1Q 2024). Net income: JP¥19.0m (down 39% from 1Q 2024). Profit margin: 2.1% (down from 3.5% 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 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Jul 01
Insufficient new 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. 5 highly experienced directors. Independent Outside Director Toshiki Yamagata was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: JP¥5.06 (vs JP¥2.29 in FY 2023) Full year 2024 results: EPS: JP¥5.06 (up from JP¥2.29 in FY 2023). Revenue: JP¥4.03b (flat on FY 2023). Net income: JP¥153.0m (up 122% from FY 2023). Profit margin: 3.8% (up from 1.7% in FY 2023). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Announcement • Jun 28
Daitobo Co., Ltd. to Report Q1, 2025 Results on Aug 06, 2024 Daitobo Co., Ltd. announced that they will report Q1, 2025 results on Aug 06, 2024 Reported Earnings • May 11
Full year 2024 earnings released: EPS: JP¥5.06 (vs JP¥2.29 in FY 2023) Full year 2024 results: EPS: JP¥5.06 (up from JP¥2.29 in FY 2023). Revenue: JP¥4.03b (flat on FY 2023). Net income: JP¥153.0m (up 122% from FY 2023). Profit margin: 3.8% (up from 1.7% in FY 2023). 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. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥106, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 4.7% over the past three years. Announcement • Mar 27
Daitobo Co., Ltd. to Report Fiscal Year 2024 Results on May 09, 2024 Daitobo Co., Ltd. announced that they will report fiscal year 2024 results on May 09, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥1.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.7%). Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥1.22 (vs JP¥0.53 in 3Q 2023) Third quarter 2024 results: EPS: JP¥1.22 (up from JP¥0.53 in 3Q 2023). Revenue: JP¥1.02b (down 4.9% from 3Q 2023). Net income: JP¥37.0m (up 131% from 3Q 2023). Profit margin: 3.6% (up from 1.5% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Feb 02
Daitobo Co., Ltd. to Report Q3, 2024 Results on Feb 06, 2024 Daitobo Co., Ltd. announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥0.56 (vs JP¥0.43 in 2Q 2023) Second quarter 2024 results: EPS: JP¥0.56 (up from JP¥0.43 in 2Q 2023). Revenue: JP¥986.0m (flat on 2Q 2023). Net income: JP¥17.0m (up 31% from 2Q 2023). Profit margin: 1.7% (up from 1.3% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Oct 08
Daitobo Co., Ltd. to Report Q2, 2024 Results on Nov 07, 2023 Daitobo Co., Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023 Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥1.03 (vs JP¥0.37 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥1.03 (up from JP¥0.37 loss in 1Q 2023). Revenue: JP¥897.0m (down 6.2% from 1Q 2023). Net income: JP¥31.0m (up JP¥42.0m from 1Q 2023). Profit margin: 3.5% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • May 12
Daitobo Co., Ltd., Annual General Meeting, Jun 24, 2023 Daitobo Co., Ltd., Annual General Meeting, Jun 24, 2023. Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥2.29 (vs JP¥1.40 in FY 2022) Full year 2023 results: EPS: JP¥2.29 (up from JP¥1.40 in FY 2022). Revenue: JP¥4.00b (down 11% from FY 2022). Net income: JP¥69.0m (up 64% from FY 2022). Profit margin: 1.7% (up from 0.9% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥0.53 (vs JP¥0.94 in 3Q 2022) Third quarter 2023 results: EPS: JP¥0.53 (down from JP¥0.94 in 3Q 2022). Revenue: JP¥1.08b (down 8.5% from 3Q 2022). Net income: JP¥16.0m (down 43% from 3Q 2022). Profit margin: 1.5% (down from 2.4% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Announcement • Dec 28
Daitobo Co., Ltd. to Report Q3, 2023 Results on Feb 08, 2023 Daitobo Co., Ltd. announced that they will report Q3, 2023 results on Feb 08, 2023 Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Outside Director Toshiki Yamagata was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: JP¥0.43 (vs JP¥1.14 in 2Q 2022) Second quarter 2023 results: EPS: JP¥0.43 (down from JP¥1.14 in 2Q 2022). Revenue: JP¥989.0m (down 7.0% from 2Q 2022). Net income: JP¥13.0m (down 62% from 2Q 2022). Profit margin: 1.3% (down from 3.2% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Sep 28
Daitobo Co., Ltd. to Report Q2, 2023 Results on Nov 07, 2022 Daitobo Co., Ltd. announced that they will report Q2, 2023 results on Nov 07, 2022 Announcement • Aug 11
Daitobo Co., Ltd. to Report Q1, 2023 Results on Aug 09, 2022 Daitobo Co., Ltd. announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: JP¥0.37 loss per share (vs JP¥1.00 loss in 1Q 2022) First quarter 2023 results: JP¥0.37 loss per share (up from JP¥1.00 loss in 1Q 2022). Revenue: JP¥956.0m (up 9.3% from 1Q 2022). Net loss: JP¥11.0m (loss narrowed 63% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥1.40 (vs JP¥3.25 in FY 2021) Full year 2022 results: EPS: JP¥1.40 (down from JP¥3.25 in FY 2021). Revenue: JP¥4.50b (down 2.5% from FY 2021). Net income: JP¥42.0m (down 57% from FY 2021). Profit margin: 0.9% (down from 2.1% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • May 18
Daitobo Co., Ltd., Annual General Meeting, Jun 25, 2022 Daitobo Co., Ltd., Annual General Meeting, Jun 25, 2022. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Outside Director Toshiki Yamagata was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥0.94 (up from JP¥0.20 in 3Q 2021). Revenue: JP¥1.18b (flat on 3Q 2021). Net income: JP¥28.0m (up 367% from 3Q 2021). Profit margin: 2.4% (up from 0.5% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥1.14 (vs JP¥0.10 in 2Q 2021) The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥1.06b (flat on 2Q 2021). Net income: JP¥34.0m (up JP¥31.0m from 2Q 2021). Profit margin: 3.2% (up from 0.3% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥120, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 19x in the Luxury industry in Japan. Total returns to shareholders of 24% over the past three years. Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS JP¥0.20 (vs JP¥1.17 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.18b (down 2.2% from 3Q 2020). Net income: JP¥6.00m (down 83% from 3Q 2020). Profit margin: 0.5% (down from 2.9% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Jan 08
Daitobo Co., Ltd. to Report Q3, 2021 Results on Feb 09, 2021 Daitobo Co., Ltd. announced that they will report Q3, 2021 results on Feb 09, 2021 Announcement • Jul 17
Daitobo Co., Ltd. to Report Q1, 2021 Results on Aug 05, 2020 Daitobo Co., Ltd. announced that they will report Q1, 2021 results on Aug 05, 2020