Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥4,845, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 17x in the Luxury industry in Japan. Total returns to shareholders of 166% over the past three years. Reported Earnings • Jul 02
First quarter 2027 earnings released: EPS: JP¥10.52 (vs JP¥3.37 in 1Q 2026) First quarter 2027 results: EPS: JP¥10.52 (up from JP¥3.37 in 1Q 2026). Revenue: JP¥14.6b (flat on 1Q 2026). Net income: JP¥106.0m (up 194% from 1Q 2026). Profit margin: 0.7% (up from 0.2% in 1Q 2026). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥4,400, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 15x in the Luxury industry in Japan. Total returns to shareholders of 145% over the past three years. Declared Dividend • Jun 12
Final dividend of JP¥72.00 announced Shareholders will receive a dividend of JP¥72.00. Ex-date: 28th August 2026 Payment date: 12th November 2026 Dividend yield will be 2.5%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (66% 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 6.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 47% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 03
Full year 2026 earnings released: EPS: JP¥392 (vs JP¥351 in FY 2025) Full year 2026 results: EPS: JP¥392 (up from JP¥351 in FY 2025). Revenue: JP¥58.4b (down 3.4% from FY 2025). Net income: JP¥4.11b (up 2.6% from FY 2025). Profit margin: 7.0% (up from 6.6% in FY 2025). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 15
Full year 2026 earnings released: EPS: JP¥392 (vs JP¥351 in FY 2025) Full year 2026 results: EPS: JP¥392 (up from JP¥351 in FY 2025). Revenue: JP¥58.4b (down 3.4% from FY 2025). Net income: JP¥4.11b (up 2.6% from FY 2025). Profit margin: 7.0% (up from 6.6% in FY 2025). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥3,865, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 169% over the past three years. Upcoming Dividend • Feb 19
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 01 June 2026. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%). Announcement • Feb 07
Sanyo Shokai Ltd. to Report Fiscal Year 2026 Results on Apr 14, 2026 Sanyo Shokai Ltd. announced that they will report fiscal year 2026 results on Apr 14, 2026 Reported Earnings • Dec 27
Third quarter 2026 earnings released: EPS: JP¥65.91 (vs JP¥64.94 in 3Q 2025) Third quarter 2026 results: EPS: JP¥65.91. Revenue: JP¥15.6b (flat on 3Q 2025). Net income: JP¥684.0m (down 7.7% from 3Q 2025). Profit margin: 4.4% (down from 4.7% in 3Q 2025). Announcement • Dec 26
Sanyo Shokai Ltd. (TSE:8011) announces an Equity Buyback for 500,000 shares, representing 4.86% for ¥2,000 million. Sanyo Shokai Ltd. (TSE:8011) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 4.86% of the outstanding shares, for ¥2,000 million. The company will repurchase its shares in order to expand shareholder returns and improve capital efficiency in line with the policy of strengthening shareholder returns announced in Medium-Term Business Plan. The program is valid till August 31, 2026. As of November 30, 2025, the company had 10,280,934 shares outstanding (excluding treasury stock) and 104,480 shares in treasury. Declared Dividend • Nov 13
First half dividend of JP¥70.00 announced Shareholders will receive a dividend of JP¥70.00. Ex-date: 26th February 2026 Payment date: 1st June 2026 Dividend yield will be 4.1%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (66% 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 5.8% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 53% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 06
Sapphireterra Capital Calls for On-Market Buyback by Sanyo Shokai On November 6, 2025, Sapphireterra Capital announced that on October 14, 2025, Sanyo’s Board approved an off-auction share buyback via ToSTNeT-3, on October 15, the company repurchased 500,000 shares for ¥1.635 billion, specifically at the request of Yagi Tsusho Ltd., a major shareholder with 13.22% ownership, Sapphireterra criticizes this move as unfair, arguing it gave preferential treatment to a single shareholder and did not benefit general shareholders. In addition, Sapphireterra submitted proposals to ¥4 billion On-Market Share Buyback, initiate an on-market share repurchase within November 2025, repurchase up to 1 million shares for a total of ¥4 billion, cancel all treasury shares promptly upon completion. Further, Sapphireterra urges the Board to consider and act promptly on this proposal to uphold shareholder value. Announcement • Oct 14
Sanyo Shokai Ltd. (TSE:8011) announces an Equity Buyback for 500,000 shares, representing 4.68% for ¥1,635 million. Sanyo Shokai Ltd. (TSE:8011) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 4.68% of the outstanding shares, for ¥1,635 million. The shares will be repurchased at ¥3,270 per share. The company will repurchase its shares in order to expand shareholder returns and improve capital efficiency in line with the policy of strengthening shareholder returns announced in Medium-Term Business Plan. As of August 31, 2025, the company had 10,676,656 shares outstanding and 1,946,278 shares in treasury. Reported Earnings • Oct 07
Second quarter 2026 earnings released: JP¥31.38 loss per share (vs JP¥11.39 loss in 2Q 2025) Second quarter 2026 results: JP¥31.38 loss per share (further deteriorated from JP¥11.39 loss in 2Q 2025). Revenue: JP¥12.5b (flat on 2Q 2025). Net loss: JP¥335.0m (loss widened 152% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Sep 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to JP¥3,500. The fair value is estimated to be JP¥2,905, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 16%. Announcement • Sep 21
Sanyo Shokai Ltd. to Report Q3, 2026 Results on Dec 26, 2025 Sanyo Shokai Ltd. announced that they will report Q3, 2026 results on Dec 26, 2025 Announcement • Jul 24
Sapphireterra Capital Calls for Enhanced Shareholder Returns and Strategic Review at Sanyo Shokai On July 23, 2025, Sapphireterra Capital announced that it is disclosing its opinions previously communicated to the management of Sanyo Shokai Ltd. Sapphireterra Capital expressed its view that enhancing the Company’s value requires improving capital efficiency by reducing excess capital and implementing disciplined inventory management. Sapphireterra Capital proposes that the Company announce and promptly execute a ¥4 billion share buyback, and commit to an additional ¥12 billion buyback over the next three years (¥4 billion annually). The firm also urges management to reflect on the Company’s long-term strategic positioning. Sapphireterra Capital recommends that management consider the following strategic options: (1) if the Company remains independent, it should focus on existing brands, increase profitability, and deliver aggressive shareholder rewards to maximize capital efficiency and corporate value and (2) if the Company pursues an expansionary strategy, it should consider becoming a wholly owned subsidiary of Mitsui & Co., Ltd., with the aim of growing existing and new brands, and potentially acquiring domestic and international businesses and brands under the larger corporate umbrella. Announcement • Jul 03
Sanyo Shokai Ltd. to Report Q2, 2026 Results on Oct 06, 2025 Sanyo Shokai Ltd. announced that they will report Q2, 2026 results on Oct 06, 2025 Reported Earnings • Jun 04
Full year 2025 earnings released: EPS: JP¥351 (vs JP¥239 in FY 2024) Full year 2025 results: EPS: JP¥351 (up from JP¥239 in FY 2024). Revenue: JP¥60.5b (down 1.3% from FY 2024). Net income: JP¥4.01b (up 44% from FY 2024). Profit margin: 6.6% (up from 4.5% in FY 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 16
Sanyo Shokai Ltd. to Report Q1, 2026 Results on Jun 30, 2025 Sanyo Shokai Ltd. announced that they will report Q1, 2026 results on Jun 30, 2025 Reported Earnings • Apr 15
Full year 2025 earnings released: EPS: JP¥351 (vs JP¥239 in FY 2024) Full year 2025 results: EPS: JP¥351 (up from JP¥239 in FY 2024). Revenue: JP¥60.5b (down 1.3% from FY 2024). Net income: JP¥4.01b (up 44% from FY 2024). Profit margin: 6.6% (up from 4.5% in FY 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥129 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Announcement • Jan 29
Sanyo Shokai Ltd. to Report Fiscal Year 2025 Results on Apr 14, 2025 Sanyo Shokai Ltd. announced that they will report fiscal year 2025 results on Apr 14, 2025 Reported Earnings • Dec 28
Third quarter 2025 earnings released: EPS: JP¥64.94 (vs JP¥81.57 in 3Q 2024) Third quarter 2025 results: EPS: JP¥64.94 (down from JP¥81.57 in 3Q 2024). Revenue: JP¥15.6b (down 5.0% from 3Q 2024). Net income: JP¥741.0m (down 22% from 3Q 2024). Profit margin: 4.7% (down from 5.8% 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 49% per year whereas the company’s share price has increased by 48% per year. Reported Earnings • Oct 09
Second quarter 2025 earnings released: JP¥11.39 loss per share (vs JP¥13.03 loss in 2Q 2024) Second quarter 2025 results: JP¥11.39 loss per share (improved from JP¥13.03 loss in 2Q 2024). Revenue: JP¥12.5b (up 2.8% from 2Q 2024). Net loss: JP¥133.0m (loss narrowed 13% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,747, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 14x in the Luxury industry in Japan. Total returns to shareholders of 222% over the past three years. Declared Dividend • Oct 07
Dividend of JP¥125 announced Shareholders will receive a dividend of JP¥125. Ex-date: 27th February 2025 Payment date: 30th May 2025 Dividend yield will be 4.6%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 4.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 62% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Oct 04
Sanyo Shokai Ltd. (TSE:8011) announces an Equity Buyback for 1,010,000 shares, representing 8.65% for ¥3,000 million. Sanyo Shokai Ltd. (TSE:8011) announces a share repurchase program. Under the program, the company will repurchase 1,010,000 shares, representing 8.65% of the outstanding shares, for ¥3,000 million. The company will repurchase its shares in order to expand shareholder returns and improve capital efficiency. The program will expire on February 20, 2025. As of August 31, 2024, the company had 11,679,979 shares outstanding and 942,955 shares in treasury. Announcement • Sep 12
Sanyo Shokai Ltd. to Report Q3, 2025 Results on Dec 27, 2024 Sanyo Shokai Ltd. announced that they will report Q3, 2025 results on Dec 27, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥2,035, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 167% over the past three years. Reported Earnings • Jun 30
First quarter 2025 earnings released: EPS: JP¥50.56 (vs JP¥76.87 in 1Q 2024) First quarter 2025 results: EPS: JP¥50.56 (down from JP¥76.87 in 1Q 2024). Revenue: JP¥15.4b (down 3.7% from 1Q 2024). Net income: JP¥590.0m (down 34% from 1Q 2024). Profit margin: 3.8% (down from 5.6% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • Jun 20
Sanyo Shokai Ltd. to Report Q2, 2025 Results on Oct 04, 2024 Sanyo Shokai Ltd. announced that they will report Q2, 2025 results on Oct 04, 2024 Reported Earnings • Jun 06
Full year 2024 earnings released: EPS: JP¥239 (vs JP¥179 in FY 2023) Full year 2024 results: EPS: JP¥239 (up from JP¥179 in FY 2023). Revenue: JP¥61.4b (up 5.3% from FY 2023). Net income: JP¥2.79b (up 29% from FY 2023). Profit margin: 4.5% (up from 3.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Announcement • Apr 26
Sanyo Shokai Ltd. to Report Q1, 2025 Results on Jun 28, 2024 Sanyo Shokai Ltd. announced that they will report Q1, 2025 results on Jun 28, 2024 New Risk • Apr 17
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 5.8% 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 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 (5.8% average weekly change). Reported Earnings • Apr 14
Full year 2024 earnings released: EPS: JP¥239 (vs JP¥179 in FY 2023) Full year 2024 results: EPS: JP¥239 (up from JP¥179 in FY 2023). Revenue: JP¥61.4b (up 5.3% from FY 2023). Net income: JP¥2.79b (up 29% from FY 2023). Profit margin: 4.5% (up from 3.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Announcement • Apr 14
Sanyo Shokai Ltd., Annual General Meeting, May 29, 2024 Sanyo Shokai Ltd., Annual General Meeting, May 29, 2024. Upcoming Dividend • Feb 21
Upcoming dividend of JP¥88.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 31 May 2024. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (10%). Announcement • Feb 02
Sanyo Shokai Ltd. to Report Q4, 2024 Results on Apr 12, 2024 Sanyo Shokai Ltd. announced that they will report Q4, 2024 results on Apr 12, 2024 Reported Earnings • Dec 28
Third quarter 2024 earnings released: EPS: JP¥81.57 (vs JP¥101 in 3Q 2023) Third quarter 2024 results: EPS: JP¥81.57 (down from JP¥101 in 3Q 2023). Revenue: JP¥16.4b (flat on 3Q 2023). Net income: JP¥952.0m (down 23% from 3Q 2023). Profit margin: 5.8% (down from 7.5% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 60% per year, which means it is significantly lagging earnings growth. Announcement • Nov 06
Sanyo Shokai Ltd. to Report Q3, 2024 Results on Dec 27, 2023 Sanyo Shokai Ltd. announced that they will report Q3, 2024 results on Dec 27, 2023 Reported Earnings • Oct 07
Second quarter 2024 earnings released: JP¥13.03 loss per share (vs JP¥66.23 loss in 2Q 2023) Second quarter 2024 results: JP¥13.03 loss per share (improved from JP¥66.23 loss in 2Q 2023). Revenue: JP¥12.2b (up 9.7% from 2Q 2023). Net loss: JP¥152.0m (loss narrowed 81% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. New Risk • Oct 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Jul 24
Sanyo Shokai Ltd. to Report Q2, 2024 Results on Oct 06, 2023 Sanyo Shokai Ltd. announced that they will report Q2, 2024 results on Oct 06, 2023 Reported Earnings • Jul 01
First quarter 2024 earnings released: EPS: JP¥76.86 (vs JP¥46.07 in 1Q 2023) First quarter 2024 results: EPS: JP¥76.86 (up from JP¥46.07 in 1Q 2023). Revenue: JP¥16.0b (up 11% from 1Q 2023). Net income: JP¥896.0m (up 60% from 1Q 2023). Profit margin: 5.6% (up from 3.9% in 1Q 2023). Reported Earnings • Jun 02
Full year 2023 earnings released: EPS: JP¥179 (vs JP¥54.51 in FY 2022) Full year 2023 results: EPS: JP¥179 (up from JP¥54.51 in FY 2022). Revenue: JP¥58.3b (up 51% from FY 2022). Net income: JP¥2.16b (up 226% from FY 2022). Profit margin: 3.7% (up from 1.7% in FY 2022). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • May 31
Sanyo Shokai Ltd. to Report Q1, 2024 Results on Jun 30, 2023 Sanyo Shokai Ltd. announced that they will report Q1, 2024 results on Jun 30, 2023 Reported Earnings • Apr 16
Full year 2023 earnings released: EPS: JP¥179 (vs JP¥54.51 in FY 2022) Full year 2023 results: EPS: JP¥179 (up from JP¥54.51 in FY 2022). Revenue: JP¥58.3b (up 51% from FY 2022). Net income: JP¥2.16b (up 226% from FY 2022). Profit margin: 3.7% (up from 1.7% in FY 2022). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,685, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 12x in the Luxury industry in Japan. Total returns to shareholders of 48% over the past three years. Announcement • Feb 02
Sanyo Shokai Ltd. to Report Fiscal Year 2023 Results on Apr 14, 2023 Sanyo Shokai Ltd. announced that they will report fiscal year 2023 results on Apr 14, 2023 Reported Earnings • Dec 28
Third quarter 2023 earnings released: EPS: JP¥101 (vs JP¥73.36 in 3Q 2022) Third quarter 2023 results: EPS: JP¥101 (up from JP¥73.36 in 3Q 2022). Revenue: JP¥16.5b (up 50% from 3Q 2022). Net income: JP¥1.23b (up 38% from 3Q 2022). Profit margin: 7.5% (down from 8.1% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Nov 16
Sanyo Shokai Ltd. (TSE:8011) announces an Equity Buyback for 500,000 shares, representing 4.11% for ¥700 million. Sanyo Shokai Ltd. (TSE:8011) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 4.11% of the outstanding shares, for ¥700 million. The company will repurchase its shares in order to expand shareholder returns and improve capital efficiency. The program will expire on February 20, 2023. As of August 31, 2022, the company had 12,157,491 shares outstanding and 465,443 shares in treasury. Board Change • Nov 16
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 1 experienced director. No highly experienced directors. Outside Auditor Somuku Imura is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Nov 11
Sanyo Shokai Ltd. to Report Q3, 2023 Results on Dec 27, 2022 Sanyo Shokai Ltd. announced that they will report Q3, 2023 results on Dec 27, 2022 Reported Earnings • Oct 08
Second quarter 2023 earnings released: JP¥66.23 loss per share (vs JP¥95.79 loss in 2Q 2022) Second quarter 2023 results: JP¥66.23 loss per share (improved from JP¥95.79 loss in 2Q 2022). Revenue: JP¥11.1b (up 44% from 2Q 2022). Net loss: JP¥805.0m (loss narrowed 31% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,104, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 15x in the Luxury industry in Japan. Total loss to shareholders of 21% over the past three years. Announcement • Aug 03
Sanyo Shokai Ltd. to Report Q2, 2023 Results on Oct 06, 2022 Sanyo Shokai Ltd. announced that they will report Q2, 2023 results on Oct 06, 2022 Reported Earnings • Jul 02
First quarter 2023 earnings released: EPS: JP¥46.07 (vs JP¥61.77 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥46.07 (up from JP¥61.77 loss in 1Q 2022). Revenue: JP¥14.4b (up 65% from 1Q 2022). Net income: JP¥559.0m (up JP¥1.31b from 1Q 2022). Profit margin: 3.9% (up from net loss in 1Q 2022). 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 19% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: JP¥54.51 (vs JP¥412 loss in FY 2021) Full year 2022 results: EPS: JP¥54.51 (up from JP¥412 loss in FY 2021). Revenue: JP¥38.6b (up 1.9% from FY 2021). Net income: JP¥661.0m (up JP¥5.65b from FY 2021). Profit margin: 1.7% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • May 08
Sanyo Shokai Ltd. to Report Q1, 2023 Results on Jun 30, 2022 Sanyo Shokai Ltd. announced that they will report Q1, 2023 results on Jun 30, 2022 Board Change • Apr 27
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 3 experienced directors. No highly experienced directors. Audit & Supervisory Board Member Takaaki Miura is the most experienced director on 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 board continuity. Lack of experienced directors. Announcement • Apr 16
Sanyo Shokai Ltd., Annual General Meeting, May 27, 2022 Sanyo Shokai Ltd., Annual General Meeting, May 27, 2022. Reported Earnings • Apr 15
Full year 2022 earnings released: EPS: JP¥54.51 (vs JP¥412 loss in FY 2021) Full year 2022 results: EPS: JP¥54.51 (up from JP¥412 loss in FY 2021). Revenue: JP¥38.6b (up 1.9% from FY 2021). Net income: JP¥661.0m (up JP¥5.65b from FY 2021). Profit margin: 1.7% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Feb 25
Sanyo Shokai Ltd. to Report Fiscal Year 2022 Results on Apr 14, 2022 Sanyo Shokai Ltd. announced that they will report fiscal year 2022 results on Apr 14, 2022 Reported Earnings • Dec 28
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥73.35 (up from JP¥308 loss in 3Q 2021). Revenue: JP¥11.0b (flat on 3Q 2021). Net income: JP¥890.0m (up JP¥4.62b from 3Q 2021). Profit margin: 8.1% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Reported Earnings • Oct 08
Second quarter 2022 earnings released: JP¥95.79 loss per share (vs JP¥308 loss in 2Q 2021) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥7.73b (down 30% from 2Q 2021). Net loss: JP¥1.16b (loss narrowed 69% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 02
Full year 2021 earnings released The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: JP¥37.9b (down 36% from FY 2020). Net loss: JP¥4.99b (loss widened 117% from FY 2020). Reported Earnings • Apr 17
Full year 2021 earnings released: JP¥412 loss per share (vs JP¥188 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: JP¥37.9b (down 36% from FY 2020). Net loss: JP¥4.99b (loss widened 117% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Announcement • Mar 12
SMN Corporation (TSE:6185) entered into a share transfer agreement to acquire Ruby Groupe, Inc. from Sanyo Shokai Ltd. (TSE:8011) for ¥1.6 billion. SMN Corporation (TSE:6185) entered into a share transfer agreement to acquire Ruby Groupe, Inc. from Sanyo Shokai Ltd. (TSE:8011) for ¥1.6 billion on March 11, 2021. Under the terms of consideration, SMN Corporation will acquire 0.14 million shares. Ruby Groupe will be excluded from the consolidated subsidiaries of the Company due to the transfer of shares. The deal is expected to be completed by March 25, 2021. Is New 90 Day High Low • Feb 24
New 90-day high: JP¥753 The company is up 39% from its price of JP¥542 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 5.0% over the same period. Is New 90 Day High Low • Feb 05
New 90-day high: JP¥722 The company is up 36% from its price of JP¥529 on 06 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 6.0% over the same period. Announcement • Jan 29
Sanyo Shokai Ltd. to Report Fiscal Year 2021 Results on Apr 14, 2021 Sanyo Shokai Ltd. announced that they will report fiscal year 2021 results on Apr 14, 2021 
