Announcement • Jun 05
Matsuoka Corporation to Report Q1, 2027 Results on Aug 07, 2026 Matsuoka Corporation announced that they will report Q1, 2027 results on Aug 07, 2026 Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,426, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 136% over the past three years. Reported Earnings • May 18
Full year 2026 earnings released: EPS: JP¥298 (vs JP¥259 in FY 2025) Full year 2026 results: EPS: JP¥298 (up from JP¥259 in FY 2025). Revenue: JP¥74.3b (up 5.2% from FY 2025). Net income: JP¥3.12b (up 20% from FY 2025). Profit margin: 4.2% (up from 3.7% 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 6% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 14
Matsuoka Corporation, Annual General Meeting, Jun 26, 2026 Matsuoka Corporation, Annual General Meeting, Jun 26, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 37% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥77.45 (vs JP¥105 in 3Q 2025) Third quarter 2026 results: EPS: JP¥77.45 (down from JP¥105 in 3Q 2025). Revenue: JP¥19.5b (up 11% from 3Q 2025). Net income: JP¥810.0m (down 23% from 3Q 2025). Profit margin: 4.2% (down from 6.0% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% 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 • Dec 26
Matsuoka Corporation to Report Q3, 2026 Results on Feb 12, 2026 Matsuoka Corporation announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: JP¥84.57 (vs JP¥26.82 in 2Q 2025) Second quarter 2026 results: EPS: JP¥84.57 (up from JP¥26.82 in 2Q 2025). Revenue: JP¥17.9b (down 11% from 2Q 2025). Net income: JP¥883.0m (up 230% from 2Q 2025). Profit margin: 4.9% (up from 1.3% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Nov 15
Dividend of JP¥90.00 announced Dividend of JP¥90.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 3.8%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not covered by cash flows (155% cash payout ratio). The dividend has increased by an average of 11% per year over the past 8 years and payments have been stable during that time. 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 1.9% EPS decline seen over the last 5 years. Announcement • Sep 01
Matsuoka Corporation to Report Q2, 2026 Results on Nov 13, 2025 Matsuoka Corporation announced that they will report Q2, 2026 results on Nov 13, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥32.29 (vs JP¥78.06 in 1Q 2025) First quarter 2026 results: EPS: JP¥32.29 (down from JP¥78.06 in 1Q 2025). Revenue: JP¥17.0b (up 12% from 1Q 2025). Net income: JP¥337.0m (down 57% from 1Q 2025). Profit margin: 2.0% (down from 5.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 26% per year. Announcement • May 31
Matsuoka Corporation to Report Q1, 2026 Results on Aug 07, 2025 Matsuoka Corporation announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥259 (vs JP¥246 in FY 2024) Full year 2025 results: EPS: JP¥259 (up from JP¥246 in FY 2024). Revenue: JP¥70.6b (up 17% from FY 2024). Net income: JP¥2.60b (up 5.8% from FY 2024). Profit margin: 3.7% (down from 4.1% 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 38% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Matsuoka Corporation, Annual General Meeting, Jun 27, 2025 Matsuoka Corporation, Annual General Meeting, Jun 27, 2025. Buy Or Sell Opportunity • Apr 10
Now 22% overvalued Over the last 90 days, the stock has fallen 20% to JP¥1,602. The fair value is estimated to be JP¥1,312, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 50%. New Risk • Apr 07
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 6.1% 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 Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (JP¥14.2b market cap, or US$96.9m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥1,425, the stock trades at a trailing P/E ratio of 5.4x. Average trailing P/E is 12x in the Luxury industry in Japan. Total returns to shareholders of 44% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.8%). Announcement • Mar 08
Matsuoka Corporation to Report Fiscal Year 2025 Results on May 13, 2025 Matsuoka Corporation announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥105 (vs JP¥63.28 in 3Q 2024) Third quarter 2025 results: EPS: JP¥105 (up from JP¥63.28 in 3Q 2024). Revenue: JP¥17.6b (up 14% from 3Q 2024). Net income: JP¥1.05b (up 66% from 3Q 2024). Profit margin: 6.0% (up from 4.1% 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 50% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Jan 03
Matsuoka Corporation to Report Q3, 2025 Results on Feb 13, 2025 Matsuoka Corporation announced that they will report Q3, 2025 results on Feb 13, 2025 New Risk • Dec 11
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 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.1% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (5.3% average weekly change). Declared Dividend • Nov 15
Dividend of JP¥90.00 announced Shareholders will receive a dividend of JP¥90.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 4.8%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 6.0% per year over the past 7 years and payments have been stable during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Buy Or Sell Opportunity • Nov 08
Now 20% undervalued Over the last 90 days, the stock has risen 29% to JP¥1,809. The fair value is estimated to be JP¥2,264, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 58%. Buy Or Sell Opportunity • Oct 17
Now 21% undervalued Over the last 90 days, the stock has risen 5.8% to JP¥1,781. The fair value is estimated to be JP¥2,250, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 58%. Announcement • Oct 02
Matsuoka Corporation to Report Q2, 2025 Results on Nov 13, 2024 Matsuoka Corporation announced that they will report Q2, 2025 results on Nov 13, 2024 Buy Or Sell Opportunity • Sep 27
Now 22% undervalued Over the last 90 days, the stock has risen 2.6% to JP¥1,832. The fair value is estimated to be JP¥2,336, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 58%. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥78.06 (vs JP¥60.78 in 1Q 2024) First quarter 2025 results: EPS: JP¥78.06 (up from JP¥60.78 in 1Q 2024). Revenue: JP¥15.2b (up 12% from 1Q 2024). Net income: JP¥780.0m (up 28% from 1Q 2024). Profit margin: 5.1% (up from 4.5% 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 58% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Aug 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 6.4% 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: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (JP¥12.4b market cap, or US$87.4m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥1,245, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 16x in the Luxury industry in Japan. Total loss to shareholders of 12% over the past three years. Announcement • Jun 30
Matsuoka Corporation to Report Q1, 2025 Results on Aug 08, 2024 Matsuoka Corporation announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥246 (vs JP¥170 in FY 2023) Full year 2024 results: EPS: JP¥246 (up from JP¥170 in FY 2023). Revenue: JP¥60.2b (down 4.1% from FY 2023). Net income: JP¥2.46b (up 47% from FY 2023). Profit margin: 4.1% (up from 2.7% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • May 16
Matsuoka Corporation, Annual General Meeting, Jun 27, 2024 Matsuoka Corporation, Annual General Meeting, Jun 27, 2024. New Risk • Apr 12
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.2b (US$99.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (JP¥15.2b market cap, or US$99.0m). Upcoming Dividend • Mar 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 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 (3.2%). Higher than average of industry peers (1.7%). Announcement • Mar 02
Matsuoka Corporation to Report Fiscal Year 2024 Results on May 14, 2024 Matsuoka Corporation announced that they will report fiscal year 2024 results on May 14, 2024 New Risk • Feb 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.0b (US$99.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 14% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (JP¥15.0b market cap, or US$99.9m). Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥63.28 (vs JP¥92.53 in 3Q 2023) Third quarter 2024 results: EPS: JP¥63.28 (down from JP¥92.53 in 3Q 2023). Revenue: JP¥15.4b (down 14% from 3Q 2023). Net income: JP¥632.0m (down 30% from 3Q 2023). Profit margin: 4.1% (down from 5.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,697, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 15x in the Luxury industry in Japan. Total loss to shareholders of 10.0% over the past three years. Announcement • Nov 26
Matsuoka Corporation to Report Q3, 2024 Results on Feb 08, 2024 Matsuoka Corporation announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥67.79 (vs JP¥12.96 in 2Q 2023) Second quarter 2024 results: EPS: JP¥67.79 (up from JP¥12.96 in 2Q 2023). Revenue: JP¥15.9b (down 1.0% from 2Q 2023). Net income: JP¥677.0m (up 433% from 2Q 2023). Profit margin: 4.3% (up from 0.8% in 2Q 2023). 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 fallen by 17% per year, which means it is performing significantly worse than earnings. New Risk • Oct 10
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 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.3% average weekly change). Market cap is less than US$100m (JP¥14.9b market cap, or US$99.9m). Announcement • Aug 30
Matsuoka Corporation to Report Q2, 2024 Results on Nov 09, 2023 Matsuoka Corporation announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥60.78 (vs JP¥2.96 in 1Q 2023) First quarter 2024 results: EPS: JP¥60.78 (up from JP¥2.96 in 1Q 2023). Revenue: JP¥13.5b (up 4.3% from 1Q 2023). Net income: JP¥607.0m (up JP¥578.0m from 1Q 2023). Profit margin: 4.5% (up from 0.2% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • May 28
Matsuoka Corporation to Report Q1, 2024 Results on Aug 09, 2023 Matsuoka Corporation announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 13
Full year 2023 earnings released: EPS: JP¥170 (vs JP¥57.07 in FY 2022) Full year 2023 results: EPS: JP¥170 (up from JP¥57.07 in FY 2022). Revenue: JP¥62.8b (up 23% from FY 2022). Net income: JP¥1.68b (up 200% from FY 2022). Profit margin: 2.7% (up from 1.1% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,205, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 12x in the Luxury industry in Japan. Total loss to shareholders of 37% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥92.53 (vs JP¥34.59 in 3Q 2022) Third quarter 2023 results: EPS: JP¥92.53 (up from JP¥34.59 in 3Q 2022). Revenue: JP¥18.0b (up 23% from 3Q 2022). Net income: JP¥907.0m (up 168% from 3Q 2022). Profit margin: 5.0% (up from 2.3% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,403, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 12x in the Luxury industry in Japan. Total loss to shareholders of 26% over the past three years. Announcement • Jan 13
Matsuoka Corporation announced that it has received ¥196.285 million in funding from Saha Pathana Inter-Holding Public Company Limited On January 12, 2023, Matsuoka Corporation closed the transaction. Announcement • Nov 27
Matsuoka Corporation to Report Q3, 2023 Results on Feb 09, 2023 Matsuoka Corporation announced that they will report Q3, 2023 results on Feb 09, 2023 Board Change • Nov 16
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 Yasuaki Nakagawa was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥12.96 (vs JP¥9.09 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥12.96 (up from JP¥9.09 loss in 2Q 2022). Revenue: JP¥16.0b (up 36% from 2Q 2022). Net income: JP¥127.0m (up JP¥216.0m from 2Q 2022). Profit margin: 0.8% (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 60% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Board Change • Nov 02
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 Yasuaki Nakagawa was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 29
Matsuoka Corporation announced that it has received ¥1.5 billion in funding from Development Bank of Japan Inc. On September 28, 2022, Matsuoka Corporation close the transaction. Announcement • Aug 28
Matsuoka Corporation to Report Q2, 2023 Results on Nov 10, 2022 Matsuoka Corporation announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥2.96 (vs JP¥1.94 in 1Q 2022) First quarter 2023 results: EPS: JP¥2.96 (up from JP¥1.94 in 1Q 2022). Revenue: JP¥13.0b (up 17% from 1Q 2022). Net income: JP¥29.0m (up 53% from 1Q 2022). Profit margin: 0.2% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
Matsuoka Corporation to Report Q1, 2023 Results on Aug 09, 2022 Matsuoka Corporation announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • May 16
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥57.07 (down from JP¥278 in FY 2021). Revenue: JP¥51.1b (down 5.3% from FY 2021). Net income: JP¥559.0m (down 80% from FY 2021). Profit margin: 1.1% (down from 5.1% in FY 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Over the next year, revenue is forecast to grow 7.4%, compared to a 8.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Announcement • May 14
Matsuoka Corporation, Annual General Meeting, Jun 24, 2022 Matsuoka Corporation, Annual General Meeting, Jun 24, 2022. Price Target Changed • Apr 27
Price target decreased to JP¥1,500 Down from JP¥3,300, the current price target is provided by 1 analyst. New target price is 41% above last closing price of JP¥1,066. Stock is down 42% over the past year. The company is forecast to post earnings per share of JP¥44.00 for next year compared to JP¥278 last year. Board Change • Apr 27
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. 4 non-independent directors. Independent Outside Director Yasuaki Nakagawa was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Matsuoka Corporation to Report Fiscal Year 2022 Results on May 12, 2022 Matsuoka Corporation announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.0%). Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: JP¥34.59 (up from JP¥29.45 in 3Q 2021). Revenue: JP¥14.6b (up 16% from 3Q 2021). Net income: JP¥339.0m (up 16% from 3Q 2021). Profit margin: 2.3% (in line with 3Q 2021). Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) missed analyst estimates by 7.4%. Over the next year, revenue is forecast to grow 7.6%, compared to a 7.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 16
Second quarter 2022 earnings released: JP¥9.09 loss per share (vs JP¥127 profit in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: JP¥11.7b (down 4.7% from 2Q 2021). Net loss: JP¥89.0m (down 107% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 15
First quarter 2022 earnings released: EPS JP¥1.94 (vs JP¥134 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥11.1b (down 33% from 1Q 2021). Net income: JP¥19.0m (down 99% from 1Q 2021). Profit margin: 0.2% (down from 8.1% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Jul 15
Consensus EPS estimates fall to JP¥122 The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from JP¥55.9b to JP¥54.0b. EPS estimate also fell from JP¥274 to JP¥122. Net income forecast to shrink 57% next year vs 3.5% growth forecast for Luxury industry in Japan . Consensus price target down from JP¥3,300 to JP¥1,900. Share price was steady at JP¥1,608 over the past week. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥278 (vs JP¥117 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥53.9b (down 5.6% from FY 2020). Net income: JP¥2.76b (up 135% from FY 2020). Profit margin: 5.1% (up from 2.1% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (1.9%). Announcement • Mar 04
Matsuoka Corporation to Report Fiscal Year 2021 Results on May 14, 2021 Matsuoka Corporation announced that they will report fiscal year 2021 results on May 14, 2021 Is New 90 Day High Low • Feb 18
New 90-day low: JP¥1,949 The company is down 31% from its price of JP¥2,833 on 20 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 9.0% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥29.45 (vs JP¥87.26 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥12.7b (down 16% from 3Q 2020). Net income: JP¥292.0m (down 67% from 3Q 2020). Profit margin: 2.3% (down from 5.8% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 22
New 90-day low: JP¥1,996 The company is down 7.0% from its price of JP¥2,141 on 23 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 25
New 90-day low: JP¥2,126 The company is down 6.0% from its price of JP¥2,261 on 25 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is flat over the same period.