Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥34.54 (vs JP¥10.62 in FY 2025) Full year 2026 results: EPS: JP¥34.54 (up from JP¥10.62 in FY 2025). Revenue: JP¥21.2b (up 3.4% from FY 2025). Net income: JP¥465.0m (up 225% from FY 2025). Profit margin: 2.2% (up from 0.7% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 3% per year. Announcement • May 14
Asmo Corporation, Annual General Meeting, Jun 26, 2026 Asmo Corporation, Annual General Meeting, Jun 26, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥7.35 (vs JP¥6.02 in 3Q 2025) Third quarter 2026 results: EPS: JP¥7.35 (up from JP¥6.02 in 3Q 2025). Revenue: JP¥5.46b (up 4.1% from 3Q 2025). Net income: JP¥99.0m (up 22% from 3Q 2025). Profit margin: 1.8% (up from 1.5% 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 1% per year whereas the company’s share price has increased by 2% per year. Announcement • Dec 09
Asmo Corporation (TSE:2654) agreed to acquire Trust Growth Co., Ltd. from Takashi Nagai. Asmo Corporation (TSE:2654) agreed to acquire Trust Growth Co., Ltd. from Takashi Nagai on December 8, 2025.
The expected completion of the transaction is April 1, 2026 to April 30, 2026.
For the period ending June 2025 Trust Growth Co., Ltd. reported total assets of ¥315 million and Total common equity of ¥122 million. Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: JP¥5.05 (vs JP¥6.16 in 1Q 2025) First quarter 2026 results: EPS: JP¥5.05 (down from JP¥6.16 in 1Q 2025). Revenue: JP¥5.14b (down 2.4% from 1Q 2025). Net income: JP¥68.0m (down 18% from 1Q 2025). Profit margin: 1.3% (down from 1.6% 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 1% per year whereas the company’s share price has remained flat. New Risk • Jul 22
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 94% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 94% Paying a dividend despite having no free cash flows. Earnings have declined by 15% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (JP¥5.02b market cap, or US$34.0m). Reported Earnings • Jul 05
Full year 2025 earnings released: EPS: JP¥10.62 (vs JP¥34.83 in FY 2024) Full year 2025 results: EPS: JP¥10.62 (down from JP¥34.83 in FY 2024). Revenue: JP¥20.5b (flat on FY 2024). Net income: JP¥143.0m (down 70% from FY 2024). Profit margin: 0.7% (down from 2.3% in FY 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • May 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.7% Last year net profit margin: 2.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. High level of non-cash earnings (20% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (JP¥4.59b market cap, or US$31.5m). Announcement • May 14
Asmo Corporation, Annual General Meeting, Jun 27, 2025 Asmo Corporation, Annual General Meeting, Jun 27, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Announcement • Mar 11
Asmo Corporation to Report Fiscal Year 2025 Results on May 14, 2025 Asmo Corporation announced that they will report fiscal year 2025 results on May 14, 2025 Reported Earnings • Feb 17
Third quarter 2025 earnings released: EPS: JP¥6.02 (vs JP¥7.20 in 3Q 2024) Third quarter 2025 results: EPS: JP¥6.02 (down from JP¥7.20 in 3Q 2024). Revenue: JP¥5.25b (flat on 3Q 2024). Net income: JP¥81.0m (down 17% from 3Q 2024). Profit margin: 1.5% (down from 1.9% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Dec 06
Asmo Corporation to Report Q3, 2025 Results on Feb 14, 2025 Asmo Corporation announced that they will report Q3, 2025 results on Feb 14, 2025 Announcement • Sep 27
Asmo Corporation to Report Q2, 2025 Results on Nov 14, 2024 Asmo Corporation announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 17
First quarter 2025 earnings released: EPS: JP¥6.16 (vs JP¥8.17 in 1Q 2024) First quarter 2025 results: EPS: JP¥6.16 (down from JP¥8.17 in 1Q 2024). Revenue: JP¥5.27b (up 3.1% from 1Q 2024). Net income: JP¥83.0m (down 25% from 1Q 2024). Profit margin: 1.6% (down from 2.2% 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 10% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 22% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (JP¥4.39b market cap, or US$30.8m). 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¥326, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 12x in the Consumer Retailing industry in Japan. Total loss to shareholders of 38% over the past three years. Announcement • Jul 04
Asmo Corporation to Report Q1, 2025 Results on Aug 14, 2024 Asmo Corporation announced that they will report Q1, 2025 results on Aug 14, 2024 Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥34.83 (vs JP¥15.15 in FY 2023) Full year 2024 results: EPS: JP¥34.83 (up from JP¥15.15 in FY 2023). Revenue: JP¥20.5b (up 4.1% from FY 2023). Net income: JP¥469.0m (up 130% from FY 2023). Profit margin: 2.3% (up from 1.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • May 16
Asmo Corporation, Annual General Meeting, Jun 27, 2024 Asmo Corporation, Annual General Meeting, Jun 27, 2024. Announcement • Apr 10
Asmo Corporation to Report Fiscal Year 2024 Results on May 14, 2024 Asmo Corporation announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.5%). Reported Earnings • Feb 17
Third quarter 2024 earnings released: EPS: JP¥7.20 (vs JP¥3.19 in 3Q 2023) Third quarter 2024 results: EPS: JP¥7.20 (up from JP¥3.19 in 3Q 2023). Revenue: JP¥5.24b (up 3.7% from 3Q 2023). Net income: JP¥97.0m (up 126% from 3Q 2023). Profit margin: 1.9% (up from 0.9% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% 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. Reported Earnings • Nov 20
Second quarter 2024 earnings released: EPS: JP¥6.61 (vs JP¥4.23 in 2Q 2023) Second quarter 2024 results: EPS: JP¥6.61 (up from JP¥4.23 in 2Q 2023). Revenue: JP¥5.12b (up 4.3% from 2Q 2023). Net income: JP¥89.0m (up 56% from 2Q 2023). Profit margin: 1.7% (up from 1.2% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: JP¥8.17 (vs JP¥2.38 in 1Q 2023) First quarter 2024 results: EPS: JP¥8.17 (up from JP¥2.38 in 1Q 2023). Revenue: JP¥5.11b (up 3.1% from 1Q 2023). Net income: JP¥110.0m (up 244% from 1Q 2023). Profit margin: 2.2% (up from 0.6% 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 35% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • May 31
Asmo Corporation to Report Q1, 2024 Results on Aug 14, 2023 Asmo Corporation announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • May 13
Full year 2023 earnings released: EPS: JP¥15.15 (vs JP¥25.37 in FY 2022) Full year 2023 results: EPS: JP¥15.15 (down from JP¥25.37 in FY 2022). Revenue: JP¥19.7b (up 4.7% from FY 2022). Net income: JP¥204.0m (down 41% from FY 2022). Profit margin: 1.0% (down from 1.8% 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 40% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share at 2.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 17
Third quarter 2023 earnings released: EPS: JP¥3.19 (vs JP¥8.30 in 3Q 2022) Third quarter 2023 results: EPS: JP¥3.19 (down from JP¥8.30 in 3Q 2022). Revenue: JP¥5.05b (up 3.5% from 3Q 2022). Net income: JP¥43.0m (down 62% from 3Q 2022). Profit margin: 0.9% (down from 2.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 42% 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. Announcement • Nov 30
Asmo Corporation to Report Q3, 2023 Results on Feb 14, 2023 Asmo Corporation announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥4.23 (vs JP¥10.20 in 2Q 2022) Second quarter 2023 results: EPS: JP¥4.23 (down from JP¥10.20 in 2Q 2022). Revenue: JP¥4.91b (up 3.5% from 2Q 2022). Net income: JP¥57.0m (down 59% from 2Q 2022). Profit margin: 1.2% (down from 3.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. 1 independent director (4 non-independent directors). Independent Outside Director Jun Kitajima was the last independent 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: Minority of independent directors. Insufficient board refreshment. Announcement • Aug 28
Asmo Corporation to Report Q2, 2023 Results on Nov 14, 2022 Asmo Corporation announced that they will report Q2, 2023 results on Nov 14, 2022 Reported Earnings • Aug 16
First quarter 2023 earnings released: EPS: JP¥2.38 (vs JP¥4.97 in 1Q 2022) First quarter 2023 results: EPS: JP¥2.38 (down from JP¥4.97 in 1Q 2022). Revenue: JP¥4.96b (up 5.4% from 1Q 2022). Net income: JP¥32.0m (down 54% from 1Q 2022). Profit margin: 0.6% (down from 1.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Jun 03
Asmo Corporation to Report Q1, 2023 Results on Aug 12, 2022 Asmo Corporation announced that they will report Q1, 2023 results on Aug 12, 2022 Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥25.36 (vs JP¥29.39 in FY 2021) Full year 2022 results: EPS: JP¥25.36 (down from JP¥29.39 in FY 2021). Revenue: JP¥18.8b (flat on FY 2021). Net income: JP¥347.0m (down 16% from FY 2021). Profit margin: 1.8% (down from 2.2% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • May 18
Asmo Corporation, Annual General Meeting, Jun 29, 2022 Asmo Corporation, Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
Less than half of directors are independent 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. 4 highly experienced directors. 1 independent director (4 non-independent directors). Independent Outside Director Jun Kitajima was the last independent 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: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 07
Asmo Corporation to Report Fiscal Year 2022 Results on May 13, 2022 Asmo Corporation announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥8.30 (down from JP¥12.98 in 3Q 2021). Revenue: JP¥4.88b (flat on 3Q 2021). Net income: JP¥113.0m (down 38% from 3Q 2021). Profit margin: 2.3% (down from 3.7% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Nov 16
Second quarter 2022 earnings released: EPS JP¥10.20 (vs JP¥9.49 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥4.74b (up 1.4% from 2Q 2021). Net income: JP¥140.0m (up 5.3% from 2Q 2021). Profit margin: 3.0% (up from 2.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS JP¥4.97 (vs JP¥9.34 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥4.70b (up 1.1% from 1Q 2021). Net income: JP¥69.0m (down 47% from 1Q 2021). Profit margin: 1.5% (down from 2.8% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥29.39 (vs JP¥48.00 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥18.8b (down 5.0% from FY 2020). Net income: JP¥412.0m (down 39% from FY 2020). Profit margin: 2.2% (down from 3.4% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 5% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.4%). Announcement • Mar 17
Asmo Corporation to Report Fiscal Year 2021 Results on May 14, 2021 Asmo Corporation announced that they will report fiscal year 2021 results on May 14, 2021 Is New 90 Day High Low • Mar 11
New 90-day high: JP¥518 The company is up 32% from its price of JP¥391 on 11 December 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 4.0% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥12.98 (vs JP¥15.05 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥4.90b (down 4.1% from 3Q 2020). Net income: JP¥182.0m (down 14% from 3Q 2020). Profit margin: 3.7% (down from 4.1% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥505, the stock is trading at a trailing P/E ratio of 12.7x, up from the previous P/E ratio of 11x. This compares to an average P/E of 16x in the Consumer Retailing industry in Japan. Total return to shareholders over the past three years is a loss of 23%. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥459, the stock is trading at a trailing P/E ratio of 11.5x, up from the previous P/E ratio of 9.8x. This compares to an average P/E of 16x in the Consumer Retailing industry in Japan. Total return to shareholders over the past three years is a loss of 29%. Is New 90 Day High Low • Dec 01
New 90-day low: JP¥411 The company is down 13% from its price of JP¥475 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 Retailing industry, which is up 1.0% over the same period. Announcement • Sep 22
Teruyuki Imada acquired a 16.52% stake in Shinwa Corp. Teruyuki Imada acquired a 16.52% stake in Shinwa Corp. on June 1, 2006. The stake is represented by 0.88 million shares of Shinwa common stock.
Teruyuki Imada completed the acquisition of a 16.52% stake in Shinwa Corp. on June 1, 2006.