Board Change • Jun 12
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Takahide Miwa was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Jun 12
Final dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 28th August 2026 Payment date: 17th November 2026 Dividend yield will be 1.9%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 65% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 14
Full year 2026 earnings released: EPS: JP¥187 (vs JP¥123 in FY 2025) Full year 2026 results: EPS: JP¥187 (up from JP¥123 in FY 2025). Revenue: JP¥64.0b (up 5.5% from FY 2025). Net income: JP¥1.62b (up 46% from FY 2025). Profit margin: 2.5% (up from 1.8% 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 58% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Announcement • Apr 13
Takihyo Co., Ltd., Annual General Meeting, May 27, 2026 Takihyo Co., Ltd., Annual General Meeting, May 27, 2026. Announcement • Apr 03
Takihyo Co., Ltd. to Report Fiscal Year 2026 Results on Apr 13, 2026 Takihyo Co., Ltd. announced that they will report fiscal year 2026 results on Apr 13, 2026 Upcoming Dividend • Feb 19
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 29 May 2026. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%). Reported Earnings • Jan 10
Third quarter 2026 earnings released: EPS: JP¥92.35 (vs JP¥107 in 3Q 2025) Third quarter 2026 results: EPS: JP¥92.35 (down from JP¥107 in 3Q 2025). Revenue: JP¥18.3b (flat on 3Q 2025). Net income: JP¥798.0m (down 17% from 3Q 2025). Profit margin: 4.3% (down from 5.2% in 3Q 2025). 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 39% per year, which means it is significantly lagging earnings growth. Declared Dividend • Nov 18
First half dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 26th February 2026 Payment date: 29th May 2026 Dividend yield will be 1.9%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 60% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 11
Second quarter 2026 earnings released: EPS: JP¥31.49 (vs JP¥13.97 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥31.49 (up from JP¥13.97 loss in 2Q 2025). Revenue: JP¥14.7b (up 13% from 2Q 2025). Net income: JP¥273.0m (up JP¥399.0m from 2Q 2025). Profit margin: 1.9% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 11 November 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Reported Earnings • Jul 14
First quarter 2026 earnings released: EPS: JP¥75.43 (vs JP¥61.12 in 1Q 2025) First quarter 2026 results: EPS: JP¥75.43 (up from JP¥61.12 in 1Q 2025). Revenue: JP¥17.1b (up 11% from 1Q 2025). Net income: JP¥656.0m (up 18% from 1Q 2025). Profit margin: 3.8% (up from 3.6% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jun 18
Final dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 28th August 2025 Payment date: 11th November 2025 Dividend yield will be 2.6%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has remained flat since 10 years ago. However, payments have been volatile during that time. Earnings per share has grown by 93% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 04
Full year 2025 earnings released: EPS: JP¥123 (vs JP¥83.64 in FY 2024) Full year 2025 results: EPS: JP¥123 (up from JP¥83.64 in FY 2024). Revenue: JP¥60.6b (up 5.0% from FY 2024). Net income: JP¥1.11b (up 44% from FY 2024). Profit margin: 1.8% (up from 1.3% 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 114% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 15
Full year 2025 earnings released: EPS: JP¥123 (vs JP¥83.64 in FY 2024) Full year 2025 results: EPS: JP¥123 (up from JP¥83.64 in FY 2024). Revenue: JP¥60.6b (up 5.0% from FY 2024). Net income: JP¥1.11b (up 44% from FY 2024). Profit margin: 1.8% (up from 1.3% 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 114% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Apr 14
Takihyo Co., Ltd., Annual General Meeting, May 28, 2025 Takihyo Co., Ltd., Annual General Meeting, May 28, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,190, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 12x in the Luxury industry in Japan. Total returns to shareholders of 12% over the past three years. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Announcement • Jan 30
Takihyo Co., Ltd. (TSE:9982) announces an Equity Buyback for 400,000 shares, representing 4.48% for ¥660 million. Takihyo Co., Ltd. (TSE:9982) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 4.48% of its issued share capital (excluding treasury stock), for a total purchase price of ¥660 million. The purpose of the program is with the aim of strengthening shareholder returns by implementing flexible capital policies and improving capital efficiency. The program will be valid till January 30, 2026. As of January 30, 2025, the company has 8,933,141 issued shares (excluding treasury stock) and 166,859 treasury shares. Reported Earnings • Jan 15
Third quarter 2025 earnings released: EPS: JP¥107 (vs JP¥77.61 in 3Q 2024) Third quarter 2025 results: EPS: JP¥107 (up from JP¥77.61 in 3Q 2024). Revenue: JP¥18.4b (up 5.7% from 3Q 2024). Net income: JP¥956.0m (up 34% from 3Q 2024). Profit margin: 5.2% (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 110% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to JP¥1,577, the stock trades at a trailing P/E ratio of 17.7x. Average trailing P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 7.1% over the past three years. New Risk • Dec 19
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: 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 (5.3% average weekly change). Market cap is less than US$100m (JP¥12.7b market cap, or US$80.8m). Declared Dividend • Nov 12
First half dividend of JP¥15.00 announced Shareholders will receive a dividend of JP¥15.00. Ex-date: 27th February 2025 Payment date: 30th May 2025 Dividend yield will be 2.4%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Board Change • Nov 05
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Yasuyo Kaneko was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 16
Second quarter 2025 earnings released: JP¥13.97 loss per share (vs JP¥15.40 loss in 2Q 2024) Second quarter 2025 results: JP¥13.97 loss per share (improved from JP¥15.40 loss in 2Q 2024). Revenue: JP¥13.0b (up 7.4% from 2Q 2024). Net loss: JP¥126.0m (loss narrowed 11% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 08 November 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). 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 6.3% 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: 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 (6.3% average weekly change). Market cap is less than US$100m (JP¥9.02b market cap, or US$63.4m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥1,009, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 16x in the Luxury industry in Japan. Total loss to shareholders of 43% over the past three years. Reported Earnings • Jul 16
First quarter 2025 earnings released: EPS: JP¥61.12 (vs JP¥58.59 in 1Q 2024) First quarter 2025 results: EPS: JP¥61.12 (up from JP¥58.59 in 1Q 2024). Revenue: JP¥15.4b (up 5.2% from 1Q 2024). Net income: JP¥555.0m (up 2.8% from 1Q 2024). Profit margin: 3.6% (down from 3.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Declared Dividend • Jun 06
Final dividend of JP¥15.00 announced Shareholders will receive a dividend of JP¥15.00. Ex-date: 29th August 2024 Payment date: 8th November 2024 Dividend yield will be 2.7%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 06
Full year 2024 earnings released: EPS: JP¥83.64 (vs JP¥30.67 loss in FY 2023) Full year 2024 results: EPS: JP¥83.64 (up from JP¥30.67 loss in FY 2023). Revenue: JP¥57.7b (down 6.6% from FY 2023). Net income: JP¥769.0m (up JP¥1.05b from FY 2023). Profit margin: 1.3% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Apr 17
Takihyo Co., Ltd., Annual General Meeting, May 29, 2024 Takihyo Co., Ltd., Annual General Meeting, May 29, 2024. Reported Earnings • Apr 16
Full year 2024 earnings released: EPS: JP¥83.64 (vs JP¥30.67 loss in FY 2023) Full year 2024 results: EPS: JP¥83.64 (up from JP¥30.67 loss in FY 2023). Revenue: JP¥57.7b (down 6.6% from FY 2023). Net income: JP¥769.0m (up JP¥1.05b from FY 2023). Profit margin: 1.3% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. New Risk • Mar 26
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 6.8% 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 Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (JP¥12.2b market cap, or US$80.7m). Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,342, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 18x in the Luxury industry in Japan. Total loss to shareholders of 26% over the past three years. Upcoming Dividend • Feb 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (10%). Reported Earnings • Jan 14
Third quarter 2024 earnings released: EPS: JP¥77.61 (vs JP¥68.38 in 3Q 2023) Third quarter 2024 results: EPS: JP¥77.61 (up from JP¥68.38 in 3Q 2023). Revenue: JP¥17.4b (down 10% from 3Q 2023). Net income: JP¥714.0m (up 14% from 3Q 2023). Profit margin: 4.1% (up from 3.2% 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 53% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Oct 19
Takihyo Co., Ltd. (TSE:9982) announces an Equity Buyback for 200,000 shares, representing 2.17% for ¥300 million. Takihyo Co., Ltd. (TSE:9982) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 2.17% of its issued share capital (excluding treasury stock), for a total purchase price of ¥300 million. The purpose of the program is to acquire treasury stock for the purpose of improving shareholders return. The program will be valid till September 30, 2024. As of October 18, 2023, the company has 9,220,732 issued shares (excluding treasury stock) and 279,268 treasury shares. Reported Earnings • Oct 12
Second quarter 2024 earnings released: JP¥15.40 loss per share (vs JP¥46.74 loss in 2Q 2023) Second quarter 2024 results: JP¥15.40 loss per share (improved from JP¥46.74 loss in 2Q 2023). Revenue: JP¥12.1b (down 13% from 2Q 2023). Net loss: JP¥142.0m (loss narrowed 67% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Oct 11
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 7.5% 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 (7.5% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Market cap is less than US$100m (JP¥8.76b market cap, or US$58.9m). Upcoming Dividend • Aug 23
Upcoming dividend of JP¥10.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 08 November 2023. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (1.9%). Reported Earnings • Jul 13
First quarter 2024 earnings released: EPS: JP¥58.59 (vs JP¥3.92 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥58.59 (up from JP¥3.92 loss in 1Q 2023). Revenue: JP¥14.7b (flat on 1Q 2023). Net income: JP¥540.0m (up JP¥576.0m from 1Q 2023). Profit margin: 3.7% (up from net loss in 1Q 2023). 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 15% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 02
Full year 2023 earnings released: JP¥30.67 loss per share (vs JP¥219 loss in FY 2022) Full year 2023 results: JP¥30.67 loss per share (improved from JP¥219 loss in FY 2022). Revenue: JP¥61.8b (up 9.3% from FY 2022). Net loss: JP¥282.0m (loss narrowed 86% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 16
Full year 2023 earnings released: JP¥30.67 loss per share (vs JP¥219 loss in FY 2022) Full year 2023 results: JP¥30.67 loss per share (improved from JP¥219 loss in FY 2022). Revenue: JP¥61.8b (up 9.3% from FY 2022). Net loss: JP¥282.0m (loss narrowed 86% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 31% 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. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥10.00 per share at 2.1% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 26 May 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%). Reported Earnings • Jan 14
Third quarter 2023 earnings released: EPS: JP¥68.36 (vs JP¥46.21 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥68.36 (up from JP¥46.21 loss in 3Q 2022). Revenue: JP¥19.4b (up 19% from 3Q 2022). Net income: JP¥629.0m (up JP¥1.06b from 3Q 2022). Profit margin: 3.2% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 57% 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 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Outside Director Naohisa Washino was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 13
Second quarter 2023 earnings released: JP¥46.74 loss per share (vs JP¥75.23 loss in 2Q 2022) Second quarter 2023 results: JP¥46.74 loss per share (improved from JP¥75.23 loss in 2Q 2022). Revenue: JP¥13.8b (up 13% from 2Q 2022). Net loss: JP¥430.0m (loss narrowed 38% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 51% 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. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 08 November 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Reported Earnings • Jul 13
First quarter 2023 earnings released: JP¥3.92 loss per share (vs JP¥14.25 profit in 1Q 2022) First quarter 2023 results: JP¥3.92 loss per share (down from JP¥14.25 profit in 1Q 2022). Revenue: JP¥14.7b (flat on 1Q 2022). Net loss: JP¥36.0m (down 127% from profit in 1Q 2022). 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 23% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 03
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥56.6b (up 13% from FY 2021). Net loss: JP¥2.03b (loss widened 81% from FY 2021). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Outside Director Naohisa Washino was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 16
Takihyo Co., Ltd., Annual General Meeting, May 25, 2022 Takihyo Co., Ltd., Annual General Meeting, May 25, 2022. Reported Earnings • Apr 15
Full year 2022 earnings released: JP¥219 loss per share (vs JP¥120 loss in FY 2021) Full year 2022 results: JP¥219 loss per share (down from JP¥120 loss in FY 2021). Revenue: JP¥56.6b (up 13% from FY 2021). Net loss: JP¥2.03b (loss widened 81% from FY 2021). 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 14% per year. Upcoming Dividend • Feb 18
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 27 May 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.0%). Reported Earnings • Jan 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥46.21 loss per share (down from JP¥1.72 profit in 3Q 2021). Revenue: JP¥16.4b (up 11% from 3Q 2021). Net loss: JP¥426.0m (down JP¥442.0m from profit in 3Q 2021). Revenue was in line with analyst estimates. 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 6% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 12
Second quarter 2022 earnings released: JP¥75.21 loss per share (vs JP¥51.10 loss in 2Q 2021) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥12.3b (up 8.9% from 2Q 2021). Net loss: JP¥695.0m (loss widened 46% from 2Q 2021). 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 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 04 November 2021. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.1%). Lower than average of industry peers (1.8%). Reported Earnings • Jul 15
First quarter 2022 earnings released: EPS JP¥14.25 (vs JP¥26.70 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥14.7b (up 25% from 1Q 2021). Net income: JP¥132.0m (up JP¥381.0m from 1Q 2021). Profit margin: 0.9% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 02
Full year 2021 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥50.0b (down 17% from FY 2020). Net loss: JP¥1.12b (down JP¥1.17b from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 17
Full year 2021 earnings released: JP¥120 loss per share (vs JP¥4.83 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥50.0b (down 17% from FY 2020). Net loss: JP¥1.12b (down JP¥1.17b from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Apr 16
Takihyo Co., Ltd. (TSE:9982) announces an Equity Buyback for 150,000 shares, representing 1.62% for ¥300 million. Takihyo Co., Ltd. (TSE:9982) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 1.62% of its issued share capital (excluding treasury stock), for a total purchase price of ¥300 million. The purpose of the program is to acquire treasury stock for the purpose of improving capital efficiency and returning profits to shareholders. The program will be valid till October 29, 2021. As of April 14, 2021, the company has 9,269,609 issued shares (excluding treasury stock) and 330,391 treasury shares. Is New 90 Day High Low • Feb 25
New 90-day low: JP¥1,833 The company is down 5.0% from its price of JP¥1,920 on 27 November 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 5.0% over the same period. Reported Earnings • Jan 14
Third quarter 2021 earnings released: EPS JP¥1.72 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥14.7b (down 16% from 3Q 2020). Net income: JP¥16.0m (down 95% from 3Q 2020). Profit margin: 0.1% (down from 1.7% in 3Q 2020). The decrease in margin was driven by lower revenue. 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 7% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 11
New 90-day high: JP¥2,031 The company is up 15% from its price of JP¥1,767 on 11 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is up 4.0% over the same period.