Announcement • Jun 28
Asaka Industrial Co., Ltd. to Report Q1, 2027 Results on Aug 10, 2026 Asaka Industrial Co., Ltd. announced that they will report Q1, 2027 results on Aug 10, 2026 Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,920, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 10x in the Consumer Durables industry in Japan. Total returns to shareholders of 52% over the past three years. New Risk • Jun 02
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.59b (US$9.98m) This is considered a major 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 Market cap is less than US$10m (JP¥1.59b market cap, or US$9.98m). Minor Risk Large one-off items impacting financial results. Reported Earnings • May 18
Full year 2026 earnings released: EPS: JP¥427 (vs JP¥236 in FY 2025) Full year 2026 results: EPS: JP¥427 (up from JP¥236 in FY 2025). Revenue: JP¥8.36b (down 1.1% from FY 2025). Net income: JP¥410.0m (up 81% from FY 2025). Profit margin: 4.9% (up from 2.7% in FY 2025). 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 7% per year, which means it is well ahead of earnings. Announcement • May 13
Asaka Industrial Co., Ltd., Annual General Meeting, Jun 26, 2026 Asaka Industrial Co., Ltd., Annual General Meeting, Jun 26, 2026. Announcement • May 10
Asaka Industrial Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Asaka Industrial Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 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. The company last paid an ordinary dividend in April 2021. The average dividend yield among industry peers is 1.6%. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,075, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 56% over the past three years. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥117 (vs JP¥27.03 in 3Q 2025) Third quarter 2026 results: EPS: JP¥117 (up from JP¥27.03 in 3Q 2025). Revenue: JP¥2.18b (up 9.2% from 3Q 2025). Net income: JP¥113.0m (up 335% from 3Q 2025). Profit margin: 5.2% (up from 1.3% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Dec 04
Asaka Industrial Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 Asaka Industrial Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥27.07 (vs JP¥63.58 in 2Q 2025) Second quarter 2026 results: EPS: JP¥27.07 (down from JP¥63.58 in 2Q 2025). Revenue: JP¥2.04b (down 6.5% from 2Q 2025). Net income: JP¥26.0m (down 57% from 2Q 2025). Profit margin: 1.3% (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 fallen by 1% per year whereas the company’s share price has increased by 4% per year. Announcement • Sep 03
Asaka Industrial Co., Ltd. to Report Q2, 2026 Results on Nov 12, 2025 Asaka Industrial Co., Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥86.40 (vs JP¥159 in 1Q 2025) First quarter 2026 results: EPS: JP¥86.40 (down from JP¥159 in 1Q 2025). Revenue: JP¥2.29b (down 6.7% from 1Q 2025). Net income: JP¥83.0m (down 46% from 1Q 2025). Profit margin: 3.6% (down from 6.2% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jun 27
Asaka Industrial Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Asaka Industrial Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 14
Full year 2025 earnings released: EPS: JP¥236 (vs JP¥315 in FY 2024) Full year 2025 results: EPS: JP¥236 (down from JP¥315 in FY 2024). Revenue: JP¥8.45b (down 1.6% from FY 2024). Net income: JP¥227.0m (down 25% from FY 2024). Profit margin: 2.7% (down from 3.5% in FY 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 12
Asaka Industrial Co., Ltd., Annual General Meeting, Jun 27, 2025 Asaka Industrial Co., Ltd., Annual General Meeting, Jun 27, 2025. New Risk • May 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.47b (US$9.91m) This is considered a major 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • May 06
Now 21% overvalued Over the last 90 days, the stock has fallen 1.4% to JP¥1,548. The fair value is estimated to be JP¥1,282, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 18%. New Risk • Mar 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.50b (US$9.96m) This is considered a major 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. The company last paid an ordinary dividend in April 2021. The average dividend yield among industry peers is 1.5%. Announcement • Mar 15
Asaka Industrial Co., Ltd. to Report Fiscal Year 2025 Results on May 12, 2025 Asaka Industrial Co., Ltd. announced that they will report fiscal year 2025 results on May 12, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥27.03 (vs JP¥138 in 3Q 2024) Third quarter 2025 results: EPS: JP¥27.03 (down from JP¥138 in 3Q 2024). Revenue: JP¥1.99b (down 16% from 3Q 2024). Net income: JP¥26.0m (down 80% from 3Q 2024). Profit margin: 1.3% (down from 5.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Nov 30
Asaka Industrial Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 Asaka Industrial Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: JP¥63.50 (vs JP¥92.71 in 2Q 2024) Second quarter 2025 results: EPS: JP¥63.50 (down from JP¥92.71 in 2Q 2024). Revenue: JP¥2.19b (down 4.1% from 2Q 2024). Net income: JP¥61.0m (down 32% from 2Q 2024). Profit margin: 2.8% (down from 3.9% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Oct 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.53b (US$10.00m) This is considered a major 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. This is currently the only risk that has been identified for the company. Announcement • Sep 05
Asaka Industrial Co., Ltd. to Report Q2, 2025 Results on Nov 11, 2024 Asaka Industrial Co., Ltd. announced that they will report Q2, 2025 results on Nov 11, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥159 (vs JP¥95.83 in 1Q 2024) First quarter 2025 results: EPS: JP¥159 (up from JP¥95.83 in 1Q 2024). Revenue: JP¥2.45b (up 12% from 1Q 2024). Net income: JP¥153.0m (up 66% from 1Q 2024). Profit margin: 6.2% (up from 4.2% 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 22% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jun 30
Asaka Industrial Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 Asaka Industrial Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 17
Full year 2024 earnings released: EPS: JP¥314 (vs JP¥203 in FY 2023) Full year 2024 results: EPS: JP¥314 (up from JP¥203 in FY 2023). Revenue: JP¥8.58b (flat on FY 2023). Net income: JP¥302.0m (up 55% from FY 2023). Profit margin: 3.5% (up from 2.3% in FY 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • May 15
Asaka Industrial Co., Ltd., Annual General Meeting, Jun 27, 2024 Asaka Industrial Co., Ltd., Annual General Meeting, Jun 27, 2024. New Risk • May 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.50b (US$9.64m) This is considered a major 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company last paid an ordinary dividend in April 2021. The average dividend yield among industry peers is 1.6%. Announcement • Mar 15
Asaka Industrial Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Asaka Industrial Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥137 (vs JP¥131 in 3Q 2023) Third quarter 2024 results: EPS: JP¥137 (up from JP¥131 in 3Q 2023). Revenue: JP¥2.38b (down 14% from 3Q 2023). Net income: JP¥132.0m (up 4.8% from 3Q 2023). Profit margin: 5.6% (up from 4.6% 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 24% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Nov 27
Asaka Industrial Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Asaka Industrial Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥92.59 (vs JP¥32.29 in 2Q 2023) Second quarter 2024 results: EPS: JP¥92.59 (up from JP¥32.29 in 2Q 2023). Revenue: JP¥2.28b (up 11% from 2Q 2023). Net income: JP¥89.0m (up 187% from 2Q 2023). Profit margin: 3.9% (up from 1.5% 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 28% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Sep 09
Asaka Industrial Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Asaka Industrial Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: JP¥95.77 (vs JP¥52.08 in 1Q 2023) First quarter 2024 results: EPS: JP¥95.77 (up from JP¥52.08 in 1Q 2023). Revenue: JP¥2.19b (up 6.5% from 1Q 2023). Net income: JP¥92.0m (up 84% from 1Q 2023). Profit margin: 4.2% (up from 2.4% 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 31% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jun 14
Asaka Industrial Co., Ltd. to Report Q1, 2024 Results on Aug 09, 2023 Asaka Industrial Co., Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥203 (vs JP¥223 in FY 2022) Full year 2023 results: EPS: JP¥203 (down from JP¥223 in FY 2022). Revenue: JP¥8.56b (flat on FY 2022). Net income: JP¥195.0m (down 8.9% from FY 2022). Profit margin: 2.3% (down from 2.5% in FY 2022). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • May 14
Asaka Industrial Co., Ltd., Annual General Meeting, Jun 29, 2023 Asaka Industrial Co., Ltd., Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥131 (vs JP¥110 in 3Q 2022) Third quarter 2023 results: EPS: JP¥131 (up from JP¥110 in 3Q 2022). Revenue: JP¥2.77b (up 29% from 3Q 2022). Net income: JP¥126.0m (up 19% from 3Q 2022). Profit margin: 4.6% (down from 4.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Nov 27
Asaka Industrial Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Asaka Industrial Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. No independent directors (9 non-independent directors). President and Representative Director Shuichiro Koga was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Sep 17
Asaka Industrial Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022 Asaka Industrial Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥52.05 (vs JP¥81.25 in 1Q 2022) First quarter 2023 results: EPS: JP¥52.05 (down from JP¥81.25 in 1Q 2022). Revenue: JP¥2.06b (down 7.2% from 1Q 2022). Net income: JP¥50.0m (down 36% from 1Q 2022). Profit margin: 2.4% (down from 3.5% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jun 29
Asaka Industrial Co., Ltd. to Report Q1, 2023 Results on Aug 09, 2022 Asaka Industrial Co., Ltd. announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • May 17
Full year 2022 earnings released: EPS: JP¥223 (vs JP¥145 in FY 2021) Full year 2022 results: EPS: JP¥223 (up from JP¥145 in FY 2021). Revenue: JP¥8.56b (up 3.2% from FY 2021). Net income: JP¥214.0m (up 54% from FY 2021). Profit margin: 2.5% (up from 1.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • May 14
Asaka Industrial Co., Ltd., Annual General Meeting, Jun 29, 2022 Asaka Industrial Co., Ltd., Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. No independent directors (9 non-independent directors). President and Representative Director Shuichiro Koga was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
Asaka Industrial Co., Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 Asaka Industrial Co., Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 14
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥110 (up from JP¥55.21 in 3Q 2021). Revenue: JP¥2.15b (up 3.8% from 3Q 2021). Net income: JP¥106.0m (up 100% from 3Q 2021). Profit margin: 4.9% (up from 2.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥57.21 (vs JP¥46.88 in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥2.03b (down 5.7% from 2Q 2021). Net income: JP¥55.0m (up 22% from 2Q 2021). Profit margin: 2.7% (up from 2.1% in 2Q 2021). The increase in margin was driven by lower expenses. 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 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS JP¥81.25 (vs JP¥44.79 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥2.22b (up 13% from 1Q 2021). Net income: JP¥78.0m (up 81% from 1Q 2021). Profit margin: 3.5% (up from 2.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥145 (vs JP¥40.63 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥8.29b (up 3.8% from FY 2020). Net income: JP¥139.0m (up 256% from FY 2020). Profit margin: 1.7% (up from 0.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. The company last paid an ordinary dividend in May 2012. The average dividend yield among industry peers is 1.3%. Announcement • Mar 04
Asaka Industrial Co., Ltd. to Report Fiscal Year 2021 Results on May 13, 2021 Asaka Industrial Co., Ltd. announced that they will report fiscal year 2021 results on May 13, 2021 Is New 90 Day High Low • Feb 20
New 90-day low: JP¥1,602 The company is down 10.0% from its price of JP¥1,780 on 20 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 24% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥55.07 (vs JP¥13.54 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.07b (up 8.8% from 3Q 2020). Net income: JP¥53.0m (up 308% from 3Q 2020). Profit margin: 2.6% (up from 0.7% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 02
New 90-day low: JP¥1,652 The company is down 9.0% from its price of JP¥1,819 on 04 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 20% over the same period. Is New 90 Day High Low • Jan 14
New 90-day low: JP¥1,691 The company is down 8.0% from its price of JP¥1,830 on 16 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 31% over the same period. Is New 90 Day High Low • Dec 01
New 90-day low: JP¥1,750 The company is down 3.0% from its price of JP¥1,800 on 02 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 Consumer Durables industry, which is up 11% over the same period.