Announcement • Mar 12
Pressance Corporation to Delist from Standard Section of the Tokyo Stock Exchange, Effective March 28, 2025 Pressance Corporation will be delisted from Standard Section of the Tokyo Stock Exchange effective from March 28, 2025, due to Acquisition by a demand for share, etc. cash-out. Announcement • Feb 28
Open House Group Co., Ltd. (TSE:3288) completed the acquisition of 31.32% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥51.9 billion. Open House Group Co., Ltd. (TSE:3288) proposed to acquire remaining 36.58% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥60.7 billion on January 10, 2025. A cash consideration of ¥60.68 billion valued at ¥2390 per share will be paid by Open House Group Co., Ltd. As part of consideration, ¥60.68 billion is paid towards common equity of Pressance Corporation. The transaction will be financed through senior debt of ¥60.7 billion from from Sumitomo Mitsui Banking Corp.
Tender Offeror will implement the Squeeze-Out Procedure with the aim of making the Tender Offeror the only shareholder of the Pressance Corporation. Tender offer will commence on January 14, 2025 and will end on February 26, 2025. The settlement of the offer will take place on March 5, 2025. The transaction is subject to approval of merger agreement by board of directors of Pressance Corporation, consummation of due diligence investigation and minimum tender. The Board of Directors of Pressance Corporation formed a special committee for the transaction. The deal has been unanimously approved by the board of directors of Pressance Corporation. The expected completion of the transaction is February 26, 2025.
SMBC Nikko Securities Inc. acted as financial advisor for Open House Group Co., Ltd. Nagashima Ohno & Tsunematsu acted as legal advisor for Open House Group Co., Ltd. Mizuho Securities Co., Ltd. acted as financial advisor for Pressance Corporation. Mizuho Securities Co., Ltd. acted as fairness opinion provider for Pressance Corporation. Anderson Mori & Tomotsune LPC acted as legal advisor for Pressance Corporation.
Open House Group Co., Ltd. (TSE:3288) completed the acquisition of 31.32% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥51.9 billion on February 26, 2025. Reported Earnings • Feb 15
First quarter 2025 earnings released: EPS: JP¥31.44 (vs JP¥76.99 in 1Q 2024) First quarter 2025 results: EPS: JP¥31.44 (down from JP¥76.99 in 1Q 2024). Revenue: JP¥42.9b (up 4.7% from 1Q 2024). Net income: JP¥2.18b (down 59% from 1Q 2024). Profit margin: 5.1% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Japan are expected to remain flat. Announcement • Jan 17
Pressance Corporation to Report Q1, 2025 Results on Feb 13, 2025 Pressance Corporation announced that they will report Q1, 2025 results on Feb 13, 2025 New Risk • Jan 14
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 6.9% 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 Risks Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.9% average weekly change). Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥2,357, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 18% over the past three years. Announcement • Jan 11
Open House Group Co., Ltd. (TSE:3288) proposed to acquire remaining 36.58% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥60.7 billion. Open House Group Co., Ltd. (TSE:3288) proposed to acquire remaining 36.58% stake in Pressance Corporation (TSE:3254) from a group of shareholders for ¥60.7 billion on January 10, 2025. A cash consideration of ¥60.68 billion valued at ¥2390 per share will be paid by Open House Group Co., Ltd. As part of consideration, ¥60.68 billion is paid towards common equity of Pressance Corporation. The transaction will be financed through senior debt of ¥60.68 billion from from Sumitomo Mitsui Banking Corp.
Tender Offeror will implement the Squeeze-Out Procedure with the aim of making the Tender Offeror the only shareholder of the Target Company. The transaction is subject to approval of merger agreement by target board, consummation of due diligence investigation and minimum tender. The Board of Directors of Pressance Corporation formed a special committee for the transaction. The deal has been unanimously approved by the board. The expected completion of the transaction is February 26, 2025.
SMBC Nikko Securities Inc. acted as financial advisor for Open House Group Co., Ltd. Nagashima Ohno & Tsunematsu acted as legal advisor for Open House Group Co., Ltd. Mizuho Securities Co., Ltd. acted as financial advisor for Pressance Corporation. Mizuho Securities Co., Ltd. acted as fairness opinion provider for Pressance Corporation. Anderson Mori & Tomotsune LPC acted as legal advisor for Pressance Corporation. Declared Dividend • Jan 06
Final dividend of JP¥24.00 announced Shareholders will receive a dividend of JP¥24.00. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (15% 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 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 9.7% over the next 3 years. However, it would need to fall by 84% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Dec 28
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥304 (up from JP¥255 in FY 2023). Revenue: JP¥180.7b (up 12% from FY 2023). Net income: JP¥21.0b (up 20% from FY 2023). Profit margin: 12% (in line with FY 2023). Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Price Target Changed • Dec 12
Price target increased by 9.4% to JP¥1,750 Up from JP¥1,600, the current price target is provided by 1 analyst. New target price is 9.9% below last closing price of JP¥1,943. Stock is up 26% over the past year. The company is forecast to post earnings per share of JP¥228 for next year compared to JP¥304 last year. New Risk • Nov 24
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 8.7% 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. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 8.7% per year for the foreseeable future. High level of non-cash earnings (26% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Announcement • Nov 14
Pressance Corporation, Annual General Meeting, Dec 20, 2024 Pressance Corporation, Annual General Meeting, Dec 20, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 18 December 2024. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.8%). Announcement • Sep 19
Pressance Corporation to Report Fiscal Year 2024 Results on Nov 14, 2024 Pressance Corporation announced that they will report fiscal year 2024 results on Nov 14, 2024 Reported Earnings • Aug 18
Third quarter 2024 earnings released: EPS: JP¥46.65 (vs JP¥51.98 in 3Q 2023) Third quarter 2024 results: EPS: JP¥46.65 (down from JP¥51.98 in 3Q 2023). Revenue: JP¥33.1b (down 6.8% from 3Q 2023). Net income: JP¥3.23b (down 9.7% from 3Q 2023). Profit margin: 9.7% (in line with 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,695, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 10% over the past three years. Announcement • Jun 02
Pressance Corporation to Report Q3, 2024 Results on Aug 13, 2024 Pressance Corporation announced that they will report Q3, 2024 results on Aug 13, 2024 New Risk • May 31
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% 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. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 0.6% per year for the foreseeable future. High level of non-cash earnings (29% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • May 20
Second quarter 2024 earnings released: EPS: JP¥84.86 (vs JP¥83.49 in 2Q 2023) Second quarter 2024 results: EPS: JP¥84.86 (up from JP¥83.49 in 2Q 2023). Revenue: JP¥41.9b (down 9.8% from 2Q 2023). Net income: JP¥5.87b (up 2.2% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has remained flat. Declared Dividend • May 17
Dividend of JP¥21.00 announced Shareholders will receive a dividend of JP¥21.00. Ex-date: 27th September 2024 Payment date: 18th December 2024 Dividend yield will be 2.4%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (15% 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 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 11% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Mar 24
Pressance Corporation to Report Q2, 2024 Results on May 15, 2024 Pressance Corporation announced that they will report Q2, 2024 results on May 15, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 16
First quarter 2024 earnings released: EPS: JP¥76.99 (vs JP¥68.30 in 1Q 2023) First quarter 2024 results: EPS: JP¥76.99 (up from JP¥68.30 in 1Q 2023). Revenue: JP¥41.0b (up 4.6% from 1Q 2023). Net income: JP¥5.32b (up 13% from 1Q 2023). Profit margin: 13% (up from 12% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Consumer Durables industry in Japan. 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 4% per year, which means it is well ahead of earnings. Announcement • Jan 09
Pressance Corporation to Report Q1, 2024 Results on Feb 14, 2024 Pressance Corporation announced that they will report Q1, 2024 results on Feb 14, 2024 New Risk • Nov 21
New major risk - Revenue and earnings growth Earnings have declined by 4.2% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 4.2% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Nov 18
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥255 (up from JP¥206 in FY 2022). Revenue: JP¥161.3b (up 11% from FY 2022). Net income: JP¥17.5b (up 24% from FY 2022). Profit margin: 11% (up from 9.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year. Announcement • Nov 17
Pressance Corporation, Annual General Meeting, Dec 15, 2023 Pressance Corporation, Annual General Meeting, Dec 15, 2023. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥21.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 19 December 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%). Announcement • Sep 02
Pressance Corporation to Report Fiscal Year 2023 Results on Nov 14, 2023 Pressance Corporation announced that they will report fiscal year 2023 results on Nov 14, 2023 Reported Earnings • Aug 16
Third quarter 2023 earnings released: EPS: JP¥51.98 (vs JP¥66.43 in 3Q 2022) Third quarter 2023 results: EPS: JP¥51.98 (down from JP¥66.43 in 3Q 2022). Revenue: JP¥35.6b (down 12% from 3Q 2022). Net income: JP¥3.57b (down 22% from 3Q 2022). Profit margin: 10% (down from 11% in 3Q 2022). 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 2.4% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Jun 15
Pressance Corporation to Report Q3, 2023 Results on Aug 14, 2023 Pressance Corporation announced that they will report Q3, 2023 results on Aug 14, 2023 Reported Earnings • May 21
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: JP¥83.49 (up from JP¥67.08 in 2Q 2022). Revenue: JP¥46.5b (down 6.8% from 2Q 2022). Net income: JP¥5.74b (up 26% from 2Q 2022). Profit margin: 12% (up from 9.1% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) exceeded analyst estimates by 43%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥19.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 17
First quarter 2023 earnings released: EPS: JP¥68.30 (vs JP¥67.08 in 1Q 2022) First quarter 2023 results: EPS: JP¥68.30 (up from JP¥67.08 in 1Q 2022). Revenue: JP¥39.2b (down 22% from 1Q 2022). Net income: JP¥4.69b (up 2.9% from 1Q 2022). Profit margin: 12% (up from 9.1% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Dec 15
Pressance Corporation to Report Q1, 2023 Results on Feb 14, 2023 Pressance Corporation announced that they will report Q1, 2023 results on Feb 14, 2023 Announcement • Nov 16
Pressance Corporation, Annual General Meeting, Dec 16, 2022 Pressance Corporation, Annual General Meeting, Dec 16, 2022. Board Change • Nov 16
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 an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. 1 independent director (9 non-independent directors). Independent External Director Toshiyuki Yukami 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. Insufficient board refreshment. Announcement • Sep 25
Pressance Corporation to Report Fiscal Year 2022 Results on Nov 14, 2022 Pressance Corporation announced that they will report fiscal year 2022 results on Nov 14, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 20 December 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%). Announcement • Jun 23
Pressance Corporation to Report Q3, 2022 Results on Aug 12, 2022 Pressance Corporation announced that they will report Q3, 2022 results on Aug 12, 2022 Price Target Changed • Apr 27
Price target increased to JP¥1,800 Up from JP¥1,600, the current price target is provided by 1 analyst. New target price is 19% above last closing price of JP¥1,518. Stock is down 5.1% over the past year. The company posted earnings per share of JP¥315 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 an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 2 highly experienced directors. 1 independent director (9 non-independent directors). Independent External Director Toshiyuki Yukami 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. Insufficient board refreshment. Announcement • Apr 07
Pressance Corporation to Report Q2, 2022 Results on May 13, 2022 Pressance Corporation announced that they will report Q2, 2022 results on May 13, 2022 Reported Earnings • Feb 20
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: JP¥58.41 (down from JP¥94.00 in 3Q 2021). Revenue: JP¥37.0b (down 37% from 3Q 2021). Net income: JP¥3.98b (down 34% from 3Q 2021). Profit margin: 11% (in line with 3Q 2021). Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 2.5%. Over the next year, revenue is expected to shrink by 20% compared to a 5.0% growth forecast for the industry in Japan. 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 9% per year, which means it is well ahead of earnings. Price Target Changed • Dec 10
Price target increased to JP¥1,800 Up from JP¥1,600, the current price target is provided by 1 analyst. New target price is 7.2% below last closing price of JP¥1,940. Stock is up 11% over the past year. The company posted earnings per share of JP¥315 last year. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥55.79 (vs JP¥71.20 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2022 results: Revenue: JP¥45.8b (down 34% from 2Q 2021). Net income: JP¥3.79b (down 17% from 2Q 2021). Profit margin: 8.3% (up from 6.6% in 2Q 2021). The increase in margin was driven by lower 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 9% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥1,936, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Consumer Durables industry in Japan. Total returns to shareholders of 52% over the past three years. Announcement • Aug 21
Pressance Corporation Provides Consolidated Earnings Guidance for the Full Year Ending September 30, 2021 Pressance Corporation provided consolidated earnings guidance for the full year ending September 30, 2021. For the period, the company expected net sales of JPY 95,203 million, operating profit of JPY 11,883 million, profit attributable to owners of parent of JPY 7,791 million and basic earnings per share of JPY 114.62. Executive Departure • Jul 01
External Director Hakaru Nakabayashi has left the company On the 25th of June, Hakaru Nakabayashi's tenure as External Director ended after 6.1 years in the role. We don't have any record of a personal shareholding under Hakaru's name. Hakaru is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 4.17 years. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥315 (vs JP¥347 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥243.8b (up 8.8% from FY 2020). Net income: JP¥20.5b (down 6.2% from FY 2020). Profit margin: 8.4% (down from 9.8% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥94.00 (vs JP¥84.77 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥59.0b (up 1.3% from 3Q 2020). Net income: JP¥6.06b (up 13% from 3Q 2020). Profit margin: 10% (up from 9.2% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 2% per year. Analyst Estimate Surprise Post Earnings • Feb 14
Revenue beats expectations Revenue exceeded analyst estimates by 92%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is expected to shrink by 20% compared to a 5.5% growth forecast for the Consumer Durables industry in Japan. Announcement • Jan 20
Pressance Corporation announced that it has received ¥5.0000001 billion in funding from Open House Co., Ltd. On January 19, 2021, Pressance Corporation (TSE:3254) closed the transaction. Announcement • Jan 07
Pressance Corporation to Report Q3, 2021 Results on Feb 12, 2021 Pressance Corporation announced that they will report Q3, 2021 results on Feb 12, 2021 Price Target Changed • Dec 01
Price target lowered to JP¥1,350 Down from JP¥1,790, the current price target is provided by 1 analyst. The new target price is 23% below the current share price of JP¥1,754. As of last close, the stock is up 0.1% over the past year. Announcement • Nov 14
Pressance Corporation announced that it expects to receive ¥5.0000001 billion in funding from Open House Co., Ltd. Pressance Corporation (TSE:3254) announced a private placement of 3,508,772 common shares at a price of ¥1,425 for gross proceeds of ¥5,000,000,100 on November 13, 2020. The transaction will include participation from returning investor, Open House Co., Ltd. The company issued the shares through third party capital allotment subject to the effect of the securities registration statement based on the Financial Instruments and Exchange Act. The payment period will be between January 15, 2021 and January 19, 2021 Announcement • Sep 19
Pressance Corporation to Report Q2, 2021 Results on Nov 13, 2020 Pressance Corporation announced that they will report Q2, 2021 results on Nov 13, 2020 Announcement • Aug 21
Pressance Corporation Provides Earnings Guidance for the Half Year of Fiscal 2021; Omits to Provide Earnings Guidance for the Full Year Ending March 31, 2021 Pressance Corporation provides earnings guidance for the half year of fiscal 2021 and omits to provide for the full year ending March 31, 2021. For the half year, the company expects net sales to be JPY 102,288 million, operating profit to be JPY 16,080 million, profit attributable to the owners of the parent to be JPY 10,665 million or JPY 165.79 per basic share.
For the full fiscal year ending March 31, 2021, the consolidated results forecasts are not provided given that, at the time of disclosure, it is difficult to rationally estimate the impact of the future influence of the virus outbreak and the timing of when the epidemic will dissipate. At the point when estimation becomes possible, the Company will promptly release the full year forecasts.