Reported Earnings • May 01
Second quarter 2026 earnings released: EPS: JP¥32.63 (vs JP¥27.81 in 2Q 2025) Second quarter 2026 results: EPS: JP¥32.63 (up from JP¥27.81 in 2Q 2025). Revenue: JP¥24.6b (up 2.4% from 2Q 2025). Net income: JP¥758.0m (up 18% from 2Q 2025). Profit margin: 3.1% (up from 2.7% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year. Announcement • Apr 21
AINAVO HOLDINGS Co.,Ltd. to Report Q2, 2026 Results on Apr 30, 2026 AINAVO HOLDINGS Co.,Ltd. announced that they will report Q2, 2026 results on Apr 30, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 02 June 2026. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Jan 31
First quarter 2026 earnings released: EPS: JP¥19.11 (vs JP¥18.98 in 1Q 2025) First quarter 2026 results: EPS: JP¥19.11 (up from JP¥18.98 in 1Q 2025). Revenue: JP¥23.7b (up 1.0% from 1Q 2025). Net income: JP¥444.0m (up 1.1% from 1Q 2025). Profit margin: 1.9% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 06
AINAVO HOLDINGS Co.,Ltd. to Report Q1, 2026 Results on Jan 30, 2026 AINAVO HOLDINGS Co.,Ltd. announced that they will report Q1, 2026 results on Jan 30, 2026 Reported Earnings • Nov 16
Full year 2025 earnings released: EPS: JP¥72.38 (vs JP¥54.82 in FY 2024) Full year 2025 results: EPS: JP¥72.38 (up from JP¥54.82 in FY 2024). Revenue: JP¥92.3b (up 2.8% from FY 2024). Net income: JP¥1.68b (up 32% from FY 2024). Profit margin: 1.8% (up from 1.4% in FY 2024). 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 increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 13
AINAVO HOLDINGS Co.,Ltd., Annual General Meeting, Dec 16, 2025 AINAVO HOLDINGS Co.,Ltd., Annual General Meeting, Dec 16, 2025. New Risk • Nov 13
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 Earnings have declined by 1.6% 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. Announcement • Sep 30
AINAVO HOLDINGS Co.,Ltd. to Report Fiscal Year 2025 Results on Nov 13, 2025 AINAVO HOLDINGS Co.,Ltd. announced that they will report fiscal year 2025 results on Nov 13, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.4%). Reported Earnings • Aug 02
Third quarter 2025 earnings released: EPS: JP¥14.55 (vs JP¥3.24 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥14.55 (up from JP¥3.24 loss in 3Q 2024). Revenue: JP¥21.9b (up 4.4% from 3Q 2024). Net income: JP¥338.0m (up JP¥413.0m from 3Q 2024). Profit margin: 1.5% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Jun 27
AINAVO HOLDINGS Co.,Ltd. to Report Q3, 2025 Results on Jul 31, 2025 AINAVO HOLDINGS Co.,Ltd. announced that they will report Q3, 2025 results on Jul 31, 2025 Reported Earnings • May 01
Second quarter 2025 earnings released: EPS: JP¥27.81 (vs JP¥25.98 in 2Q 2024) Second quarter 2025 results: EPS: JP¥27.81 (up from JP¥25.98 in 2Q 2024). Revenue: JP¥24.0b (up 2.9% from 2Q 2024). Net income: JP¥645.0m (up 7.3% from 2Q 2024). Profit margin: 2.7% (up from 2.6% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Mar 27
AINAVO HOLDINGS Co.,Ltd. to Report Q2, 2025 Results on Apr 30, 2025 AINAVO HOLDINGS Co.,Ltd. announced that they will report Q2, 2025 results on Apr 30, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 03 June 2025. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Reported Earnings • Feb 01
First quarter 2025 earnings released: EPS: JP¥18.98 (vs JP¥20.62 in 1Q 2024) First quarter 2025 results: EPS: JP¥18.98 (down from JP¥20.62 in 1Q 2024). Revenue: JP¥23.5b (up 2.7% from 1Q 2024). Net income: JP¥439.0m (down 8.0% from 1Q 2024). Profit margin: 1.9% (down from 2.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Jan 03
AINAVO HOLDINGS Co.,Ltd. to Report Q1, 2025 Results on Jan 31, 2025 AINAVO HOLDINGS Co.,Ltd. announced that they will report Q1, 2025 results on Jan 31, 2025 Announcement • Nov 13
AINAVO HOLDINGS Co.,Ltd., Annual General Meeting, Dec 17, 2024 AINAVO HOLDINGS Co.,Ltd., Annual General Meeting, Dec 17, 2024. New Risk • Sep 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.3b (US$99.8m) 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 2.5% 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. Market cap is less than US$100m (JP¥14.3b market cap, or US$99.8m). Upcoming Dividend • Sep 20
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.8%). Announcement • Aug 29
AINAVO HOLDINGS Co.,Ltd. to Report Fiscal Year 2024 Results on Nov 13, 2024 AINAVO HOLDINGS Co.,Ltd. announced that they will report fiscal year 2024 results at 12:00 PM, Tokyo Standard Time on Nov 13, 2024 Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,112, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 20% over the past three years. Reported Earnings • Aug 02
Third quarter 2024 earnings released: JP¥6.48 loss per share (vs JP¥16.60 profit in 3Q 2023) Third quarter 2024 results: JP¥6.48 loss per share (down from JP¥16.60 profit in 3Q 2023). Revenue: JP¥21.0b (up 2.9% from 3Q 2023). Net loss: JP¥75.0m (down 139% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 01
Now 19% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to JP¥1,418. The fair value is estimated to be JP¥1,193, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Jun 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥1,449. The fair value is estimated to be JP¥1,195, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. Announcement • Jun 28
AINAVO HOLDINGS Co.,Ltd. to Report Q3, 2024 Results on Jul 31, 2024 AINAVO HOLDINGS Co.,Ltd. announced that they will report Q3, 2024 results on Jul 31, 2024 Reported Earnings • May 01
Second quarter 2024 earnings released: EPS: JP¥51.96 (vs JP¥52.05 in 2Q 2023) Second quarter 2024 results: EPS: JP¥51.96 (down from JP¥52.05 in 2Q 2023). Revenue: JP¥23.3b (up 3.2% from 2Q 2023). Net income: JP¥601.0m (flat on 2Q 2023). Profit margin: 2.6% (down from 2.7% in 2Q 2023). The decrease in margin was driven by higher expenses. 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 5% per year, which means it is well ahead of earnings. Announcement • Mar 28
AINAVO HOLDINGS Co.,Ltd. to Report Q2, 2024 Results on Apr 30, 2024 AINAVO HOLDINGS Co.,Ltd. announced that they will report Q2, 2024 results on Apr 30, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 02
First quarter 2024 earnings released: EPS: JP¥41.24 (vs JP¥27.58 in 1Q 2023) First quarter 2024 results: EPS: JP¥41.24 (up from JP¥27.58 in 1Q 2023). Revenue: JP¥22.8b (up 6.5% from 1Q 2023). Net income: JP¥477.0m (up 50% from 1Q 2023). Profit margin: 2.1% (up from 1.5% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Dec 28
AINAVO HOLDINGS Co.,Ltd. to Report Q1, 2024 Results on Jan 31, 2024 AINAVO HOLDINGS Co.,Ltd. announced that they will report Q1, 2024 results on Jan 31, 2024 Buying Opportunity • Dec 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.6%. The fair value is estimated to be JP¥1,461, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years, while earnings per share has been flat. Reported Earnings • Nov 16
Full year 2023 earnings released: EPS: JP¥110 (vs JP¥142 in FY 2022) Full year 2023 results: EPS: JP¥110 (down from JP¥142 in FY 2022). Revenue: JP¥86.1b (up 8.8% from FY 2022). Net income: JP¥1.27b (down 23% from FY 2022). Profit margin: 1.5% (down from 2.1% in FY 2022). The decrease in margin was driven by higher expenses. 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 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥23.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%). Announcement • Sep 02
AINAVO HOLDINGS Co.,Ltd. to Report Fiscal Year 2023 Results on Nov 13, 2023 AINAVO HOLDINGS Co.,Ltd. announced that they will report fiscal year 2023 results on Nov 13, 2023 Reported Earnings • Aug 01
Third quarter 2023 earnings released: EPS: JP¥16.60 (vs JP¥6.40 in 3Q 2022) Third quarter 2023 results: EPS: JP¥16.60 (up from JP¥6.40 in 3Q 2022). Revenue: JP¥20.4b (up 12% from 3Q 2022). Net income: JP¥192.0m (up 160% from 3Q 2022). Profit margin: 0.9% (up from 0.4% 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 2% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • May 31
AINAVO HOLDINGS Co.,Ltd. to Report Q3, 2023 Results on Jul 31, 2023 AINAVO HOLDINGS Co.,Ltd. announced that they will report Q3, 2023 results on Jul 31, 2023 Reported Earnings • Apr 29
Second quarter 2023 earnings released: EPS: JP¥52.05 (vs JP¥48.25 in 2Q 2022) Second quarter 2023 results: EPS: JP¥52.05 (up from JP¥48.25 in 2Q 2022). Revenue: JP¥22.6b (up 8.8% from 2Q 2022). Net income: JP¥602.0m (up 7.9% from 2Q 2022). Profit margin: 2.7% (in line with 2Q 2022). 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 15% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥23.00 per share at 5.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 01 June 2023. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 01
First quarter 2023 earnings released: EPS: JP¥27.58 (vs JP¥67.62 in 1Q 2022) First quarter 2023 results: EPS: JP¥27.58 (down from JP¥67.62 in 1Q 2022). Revenue: JP¥21.4b (up 11% from 1Q 2022). Net income: JP¥319.0m (down 59% from 1Q 2022). Profit margin: 1.5% (down from 4.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Announcement • Dec 02
AINAVO HOLDINGS Co.,Ltd. to Report Q1, 2023 Results on Jan 31, 2023 AINAVO HOLDINGS Co.,Ltd. announced that they will report Q1, 2023 results on Jan 31, 2023 Reported Earnings • Nov 16
Full year 2022 earnings released: EPS: JP¥142 (vs JP¥113 in FY 2021) Full year 2022 results: EPS: JP¥142 (up from JP¥113 in FY 2021). Revenue: JP¥79.1b (up 20% from FY 2021). Net income: JP¥1.65b (up 26% from FY 2021). Profit margin: 2.1% (up from 2.0% 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 2% per year whereas the company’s share price has remained flat. 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. 5 experienced directors. 2 highly experienced directors. No independent directors (4 non-independent directors). Director Tetsuro Fujinuma was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Nov 13
AINAVO HOLDINGS Co.,Ltd., Annual General Meeting, Dec 16, 2022 AINAVO HOLDINGS Co.,Ltd., Annual General Meeting, Dec 16, 2022. Reported Earnings • Nov 13
Full year 2022 earnings released: EPS: JP¥142 (vs JP¥113 in FY 2021) Full year 2022 results: EPS: JP¥142 (up from JP¥113 in FY 2021). Revenue: JP¥79.1b (up 20% from FY 2021). Net income: JP¥1.65b (up 26% from FY 2021). Profit margin: 2.1% (up from 2.0% 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 2% per year whereas the company’s share price has remained flat. Announcement • Sep 29
AINAVO HOLDINGS Co.,Ltd. to Report Fiscal Year 2022 Results on Nov 11, 2022 AINAVO HOLDINGS Co.,Ltd. announced that they will report fiscal year 2022 results on Nov 11, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 14% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%). Reported Earnings • Jul 31
Third quarter 2022 earnings released: EPS: JP¥6.40 (vs JP¥12.80 in 3Q 2021) Third quarter 2022 results: EPS: JP¥6.40 (down from JP¥12.80 in 3Q 2021). Revenue: JP¥18.3b (up 17% from 3Q 2021). Net income: JP¥74.0m (down 50% from 3Q 2021). Profit margin: 0.4% (down from 0.9% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 2% per year. Announcement • Jun 29
AINAVO HOLDINGS Co.,Ltd. to Report Q3, 2022 Results on Jul 29, 2022 AINAVO HOLDINGS Co.,Ltd. announced that they will report Q3, 2022 results on Jul 29, 2022 Reported Earnings • Apr 30
Second quarter 2022 earnings released: EPS: JP¥48.24 (vs JP¥51.02 in 2Q 2021) Second quarter 2022 results: EPS: JP¥48.24 (down from JP¥51.02 in 2Q 2021). Revenue: JP¥20.8b (up 19% from 2Q 2021). Net income: JP¥558.0m (down 5.4% from 2Q 2021). Profit margin: 2.7% (down from 3.4% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. 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. 5 experienced directors. 2 highly experienced directors. No independent directors (4 non-independent directors). Director Tetsuro Fujinuma was the last director to join the board, commencing their role in 2015. 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
AINAVO HOLDINGS Co.,Ltd. to Report Q2, 2022 Results on Apr 28, 2022 AINAVO HOLDINGS Co.,Ltd. announced that they will report Q2, 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%). Upcoming Dividend • Mar 23
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 02
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: JP¥67.61 (up from JP¥40.29 in 1Q 2021). Revenue: JP¥19.4b (up 17% from 1Q 2021). Net income: JP¥782.0m (up 68% from 1Q 2021). Profit margin: 4.0% (up from 2.8% in 1Q 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 2% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • Nov 12
Full year 2021 earnings released: EPS JP¥113 (vs JP¥117 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¥66.1b (up 1.2% from FY 2020). Net income: JP¥1.31b (down 2.9% from FY 2020). Profit margin: 2.0% (down from 2.1% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%). Announcement • Aug 05
AINAVO HOLDINGS Co.,Ltd. (JASDAQ:7539) agreed to acquire remaining 90.46% stake in MANIX Co., Ltd from MSS Co., Ltd. and others. AINAVO HOLDINGS Co.,Ltd. (JASDAQ:7539) agreed to acquire remaining 90.46% stake in MANIX Co., Ltd from MSS Co., Ltd. and others on August 3, 2021. Under the terms Ainavo Holdings Co., Ltd will acquire 22 shares (after reverse stock split). Prior to transaction MSS Co., Ltd. holds 87.7% Ainavo Holdings Co., Ltd. holds 9.5% and Others 2.8% in MANIX Co., Ltd. Post completion Ainavo Holdings Co., Ltd will hold 100% shares. Prior to the transaction Ainavo Holdings Co., Ltd holds10,000 shares (2 shares after the reverse stock split) and post closing have 24 shares (after reverse stock split). The transaction is expected to close on October 1, 2021. Reported Earnings • Aug 04
Third quarter 2021 earnings released: EPS JP¥12.79 (vs JP¥12.80 in 3Q 2020) The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: JP¥15.7b (up 6.8% from 3Q 2020). Net income: JP¥148.0m (flat on 3Q 2020). Profit margin: 0.9% (down from 1.0% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 04
Second quarter 2021 earnings released: EPS JP¥51.01 (vs JP¥58.54 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥17.5b (down 4.4% from 2Q 2020). Net income: JP¥590.0m (down 13% from 2Q 2020). Profit margin: 3.4% (down from 3.7% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 01 June 2021. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 02
First quarter 2021 earnings released: EPS JP¥40.29 (vs JP¥33.12 in 1Q 2020) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: JP¥16.6b (down 3.8% from 1Q 2020). Net income: JP¥466.0m (up 22% from 1Q 2020). Profit margin: 2.8% (up from 2.2% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 22
New 90-day high: JP¥1,024 The company is up 9.0% from its price of JP¥936 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 Consumer Durables industry, which is up 31% over the same period. Reported Earnings • Nov 15
Full year 2020 earnings released: EPS JP¥117 The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: JP¥65.3b (down 6.1% from FY 2019). Net income: JP¥1.35b (down 7.3% from FY 2019). Profit margin: 2.1% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 12
New 90-day high: JP¥991 The company is up 9.0% from its price of JP¥910 on 14 August 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 3.0% over the same period. Upcoming Dividend • Sep 22
Upcoming Dividend of JP¥17.00 Per Share Will be paid on the 3rd of December to those who are registered shareholders by the 29th of September. The trailing yield of 3.5% is in the top quartile of Japanese dividend payers (3.1%), and it is higher than industry peers (1.6%). Announcement • Sep 18
AINAVO HOLDINGS Co.,Ltd. (JASDAQ:7539) entered into a contract to acquire Chuo Ceramics Co., Ltd. from Takehiro Takatori. AINAVO HOLDINGS Co.,Ltd. (JASDAQ:7539) entered into a contract to acquire Chuo Ceramics Co., Ltd. from Takehiro Takatori on September 17, 2020. Under the terms, AINAVO HOLDINGS will acquire 12,500 shares. After the acquisition, Chuo Ceramics operates as subsidiary of AINAVO HOLDINGS. The financials of Chuo Ceramics for the financial year ended March 31, 2020, are total assets of ¥230.1 million, net assets of ¥180.88 million, revenues of ¥449.57 million and operating income of ¥24.62 million. The transaction is expected to close on October 1, 2020. Announcement • Jun 28
AINAVO HOLDINGS Co.,Ltd. to Report Q3, 2020 Results on Aug 05, 2020 AINAVO HOLDINGS Co.,Ltd. announced that they will report Q3, 2020 results on Aug 05, 2020 
