Upcoming Dividend • May 21
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 25 August 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.0%). Reported Earnings • Apr 15
Third quarter 2026 earnings released: EPS: JP¥26.98 (vs JP¥17.51 in 3Q 2025) Third quarter 2026 results: EPS: JP¥26.98 (up from JP¥17.51 in 3Q 2025). Revenue: JP¥3.68b (down 12% from 3Q 2025). Net income: JP¥204.0m (up 55% from 3Q 2025). Profit margin: 5.5% (up from 3.2% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Apr 03
IK HOLDINGS Co.,Ltd. to Report Q3, 2026 Results on Apr 14, 2026 IK HOLDINGS Co.,Ltd. announced that they will report Q3, 2026 results on Apr 14, 2026 Declared Dividend • Jan 15
Dividend of JP¥9.00 announced Shareholders will receive a dividend of JP¥9.00. Ex-date: 28th May 2026 Payment date: 25th August 2026 Dividend yield will be 2.3%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (12% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 72% to shift the payout ratio to a potentially unsustainable range, which is more than the 17% EPS decline seen over the last 5 years. Announcement • Jan 14
IK HOLDINGS Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending May 2026 IK HOLDINGS Co.,Ltd. provided consolidated earnings guidance for the fiscal year ending May 2026. For the period, the company expects net sales to be JPY 14,700 million, operating profit to be JPY 350 million, profit attributable to owners of parent to be JPY 200 million and basic earnings per share to be JPY 26.48. Reported Earnings • Jan 14
Second quarter 2026 earnings released: EPS: JP¥1.85 (vs JP¥8.44 in 2Q 2025) Second quarter 2026 results: EPS: JP¥1.85 (down from JP¥8.44 in 2Q 2025). Revenue: JP¥3.77b (down 6.0% from 2Q 2025). Net income: JP¥14.0m (down 78% from 2Q 2025). Profit margin: 0.4% (down from 1.6% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Nov 01
IK HOLDINGS Co.,Ltd. to Report Q2, 2026 Results on Jan 13, 2026 IK HOLDINGS Co.,Ltd. announced that they will report Q2, 2026 results on Jan 13, 2026 Reported Earnings • Oct 09
First quarter 2026 earnings released: EPS: JP¥4.64 (vs JP¥8.57 in 1Q 2025) First quarter 2026 results: EPS: JP¥4.64 (down from JP¥8.57 in 1Q 2025). Revenue: JP¥3.68b (up 13% from 1Q 2025). Net income: JP¥35.0m (down 47% from 1Q 2025). Profit margin: 1.0% (down from 2.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Sep 29
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 5.4% 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 Risks Debt is not well covered by operating cash flow (6.3% operating cash flow to total debt). Earnings have declined by 3.3% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥4.21b market cap, or US$28.3m). Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥566, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 14x in the Consumer Retailing industry in Japan. Total returns to shareholders of 40% over the past three years. Announcement • Jul 26
IK HOLDINGS Co.,Ltd. to Report Q1, 2026 Results on Oct 08, 2025 IK HOLDINGS Co.,Ltd. announced that they will report Q1, 2026 results on Oct 08, 2025 Reported Earnings • Jul 14
Full year 2025 earnings released: EPS: JP¥42.30 (vs JP¥29.73 in FY 2024) Full year 2025 results: EPS: JP¥42.30 (up from JP¥29.73 in FY 2024). Revenue: JP¥15.2b (up 8.3% from FY 2024). Net income: JP¥321.0m (up 40% from FY 2024). Profit margin: 2.1% (up from 1.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jul 11
IK HOLDINGS Co.,Ltd., Annual General Meeting, Aug 22, 2025 IK HOLDINGS Co.,Ltd., Annual General Meeting, Aug 22, 2025. New Risk • Jun 05
New major risk - Revenue and earnings growth Earnings have declined by 12% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 12% per year over the past 5 years. 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¥2.92b market cap, or US$20.4m). Upcoming Dividend • May 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 26 August 2025. Payout ratio is a comfortable 8.7% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.7%). Announcement • May 01
IK HOLDINGS Co.,Ltd. to Report Fiscal Year 2025 Results on Jul 11, 2025 IK HOLDINGS Co.,Ltd. announced that they will report fiscal year 2025 results on Jul 11, 2025 Reported Earnings • Apr 09
Third quarter 2025 earnings released: EPS: JP¥17.51 (vs JP¥7.26 in 3Q 2024) Third quarter 2025 results: EPS: JP¥17.51 (up from JP¥7.26 in 3Q 2024). Revenue: JP¥4.19b (up 14% from 3Q 2024). Net income: JP¥132.0m (up 136% from 3Q 2024). Profit margin: 3.2% (up from 1.5% in 3Q 2024). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. 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¥331, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Consumer Retailing industry in Japan. Total loss to shareholders of 31% over the past three years. Announcement • Feb 04
IK HOLDINGS Co.,Ltd. to Report Q3, 2025 Results on Apr 08, 2025 IK HOLDINGS Co.,Ltd. announced that they will report Q3, 2025 results on Apr 08, 2025 New Risk • Jan 22
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 5.0% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥2.72b market cap, or US$17.5m). Declared Dividend • Jan 16
Dividend of JP¥8.00 announced Shareholders will receive a dividend of JP¥8.00. Ex-date: 29th May 2025 Payment date: 26th August 2025 Dividend yield will be 2.2%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (11% 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 5.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 15
Second quarter 2025 earnings released: EPS: JP¥8.44 (vs JP¥5.19 in 2Q 2024) Second quarter 2025 results: EPS: JP¥8.44 (up from JP¥5.19 in 2Q 2024). Revenue: JP¥4.00b (up 13% from 2Q 2024). Net income: JP¥64.0m (up 60% from 2Q 2024). Profit margin: 1.6% (up from 1.1% in 2Q 2024). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Oct 29
IK HOLDINGS Co.,Ltd. to Report Q2, 2025 Results on Jan 14, 2025 IK HOLDINGS Co.,Ltd. announced that they will report Q2, 2025 results on Jan 14, 2025 Board Change • Oct 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Director Atsumi Yamamoto was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 10
First quarter 2025 earnings released: EPS: JP¥8.57 (vs JP¥5.72 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥8.57 (up from JP¥5.72 loss in 1Q 2024). Revenue: JP¥3.26b (up 3.3% from 1Q 2024). Net income: JP¥66.0m (up JP¥110.0m from 1Q 2024). Profit margin: 2.0% (up from net loss in 1Q 2024). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Consumer Retailing industry in Japan. 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 12% per year, which means it is significantly lagging earnings. Announcement • Aug 09
IK HOLDINGS Co.,Ltd. (TSE:2722) announces an Equity Buyback for 200,000 shares, representing 2.59% for ¥90 million. IK HOLDINGS Co.,Ltd. (TSE:2722) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 2.59% of its share capital, for ¥90 million. The company will repurchase its shares in order to improve capital efficiency and to prepare for the implementation of a flexible capital policy that responds to changes in the business environment. The program will expire on November 29, 2024. As of May 31, 2024, the company had 7,710,924 shares outstanding (excluding treasury shares) and 597,076 shares in treasury. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to JP¥298, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Consumer Retailing industry in Japan. Total loss to shareholders of 49% over the past three years. Announcement • Jul 27
IK HOLDINGS Co.,Ltd. to Report Q1, 2025 Results on Oct 08, 2024 IK HOLDINGS Co.,Ltd. announced that they will report Q1, 2025 results on Oct 08, 2024 Reported Earnings • Jul 16
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥29.73 (up from JP¥60.27 loss in FY 2023). Revenue: JP¥14.0b (flat on FY 2023). Net income: JP¥229.0m (up JP¥692.0m from FY 2023). Profit margin: 1.6% (up from net loss in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 129%. Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Consumer Retailing industry in Japan. 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 15% per year, which means it is significantly lagging earnings. Announcement • Jul 13
IK HOLDINGS Co.,Ltd., Annual General Meeting, Aug 23, 2024 IK HOLDINGS Co.,Ltd., Annual General Meeting, Aug 23, 2024. New Risk • Jul 01
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 5.5% 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 High level of debt (76% net debt to equity). Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (JP¥3.39b market cap, or US$21.0m). Announcement • May 22
Concierge U Co., Ltd. agreed to acquire AlfaCom, Ltd. from IK HOLDINGS Co.,Ltd. (TSE:2722) and others. Concierge U Co., Ltd. agreed to acquire AlfaCom, Ltd. from IK HOLDINGS Co.,Ltd. (TSE:2722) and others on May 20, 2024. Currently, Concierge holds 1.84 million shares equating to 97.9% shares of AlfaCom. As part of the transaction, Concierge will acquire 1.88 million shares in AlfaCom, 97.9% from Concierge and 2.1% from other shareholders. As a result of this share transfer, AlfaCom will be removed from the consolidated subsidiary of Concierge from the fiscal year ending May 2025. The transaction is expected to close on June 28, 2024. Announcement • May 03
IK HOLDINGS Co.,Ltd. to Report Fiscal Year 2024 Results on Jul 12, 2024 IK HOLDINGS Co.,Ltd. announced that they will report fiscal year 2024 results on Jul 12, 2024 Announcement • Jan 28
IK HOLDINGS Co.,Ltd. to Report Q3, 2024 Results on Apr 09, 2024 IK HOLDINGS Co.,Ltd. announced that they will report Q3, 2024 results on Apr 09, 2024 Reported Earnings • Jan 16
Second quarter 2024 earnings released: EPS: JP¥5.19 (vs JP¥13.41 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥5.19 (up from JP¥13.41 loss in 2Q 2023). Revenue: JP¥3.54b (down 9.8% from 2Q 2023). Net income: JP¥40.0m (up JP¥143.0m from 2Q 2023). Profit margin: 1.1% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 37 percentage points per year, which is a significant difference in performance. Announcement • Jan 16
Ik Holdings Co.,Ltd. Provides Dividend Guidance for the Year Ending May 31, 2024 IK HOLDINGS Co.,Ltd. provided dividend guidance of JPY 5.00 per share for the year ending May 31, 2024. Reported Earnings • Oct 12
First quarter 2024 earnings released: JP¥5.72 loss per share (vs JP¥10.82 loss in 1Q 2023) First quarter 2024 results: JP¥5.72 loss per share (improved from JP¥10.82 loss in 1Q 2023). Revenue: JP¥3.15b (down 4.9% from 1Q 2023). Net loss: JP¥44.0m (loss narrowed 47% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Oct 11
IK HOLDINGS Co.,Ltd. Provides Earnings Guidance for the Period Ended Nov. 2023 and May 2024 IK HOLDINGS Co.,Ltd. provided earnings guidance for the period ended Nov. 2023 and May 2024. For the period November 2023, the company expected net sales to be JPY 6,619 million, Operating profit to be JPY 64 million, Ordinary profit to be JPY 63 million, loss attributable to owners of parent to be JPY 59 million or JPY 7.68 loss per share.For the period May 2024, the company expected net sales to be JPY 13,588 million, Operating profit to be JPY 378 million, Ordinary profit to be JPY 377 million, profit attributable to owners of parent to be JPY 135 million or JPY 17.56 earnings per share. Announcement • Jul 30
IK HOLDINGS Co.,Ltd. to Report Q1, 2024 Results on Oct 11, 2023 IK HOLDINGS Co.,Ltd. announced that they will report Q1, 2024 results on Oct 11, 2023 Reported Earnings • Jul 16
Full year 2023 earnings released: JP¥60.27 loss per share (vs JP¥116 loss in FY 2022) Full year 2023 results: JP¥60.27 loss per share (improved from JP¥116 loss in FY 2022). Revenue: JP¥14.2b (down 13% from FY 2022). Net loss: JP¥463.0m (loss narrowed 49% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 13
Third quarter 2023 earnings released: JP¥8.59 loss per share (vs JP¥3.95 loss in 3Q 2022) Third quarter 2023 results: JP¥8.59 loss per share (further deteriorated from JP¥3.95 loss in 3Q 2022). Revenue: JP¥3.51b (down 13% from 3Q 2022). Net loss: JP¥66.0m (loss widened 113% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Announcement • Jan 29
IK HOLDINGS Co.,Ltd. to Report Q3, 2023 Results on Apr 11, 2023 IK HOLDINGS Co.,Ltd. announced that they will report Q3, 2023 results on Apr 11, 2023 Reported Earnings • Jan 13
Second quarter 2023 earnings released: JP¥13.41 loss per share (vs JP¥48.80 loss in 2Q 2022) Second quarter 2023 results: JP¥13.41 loss per share (improved from JP¥48.80 loss in 2Q 2022). Revenue: JP¥3.93b (down 17% from 2Q 2022). Net loss: JP¥103.0m (loss narrowed 73% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. 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 (7 non-independent directors). Head of Overall Overseas Business & Director Keiji Kumazawa was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Oct 30
I.K Co., Ltd. to Report Q2, 2023 Results on Jan 12, 2023 I.K Co., Ltd. announced that they will report Q2, 2023 results on Jan 12, 2023 Reported Earnings • Oct 13
First quarter 2023 earnings released: JP¥10.82 loss per share (vs JP¥27.42 loss in 1Q 2022) First quarter 2023 results: JP¥10.82 loss per share (improved from JP¥27.42 loss in 1Q 2022). Revenue: JP¥3.31b (down 4.3% from 1Q 2022). Net loss: JP¥83.0m (loss narrowed 61% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • Jul 31
I.K Co., Ltd. to Report Q1, 2023 Results on Oct 12, 2022 I.K Co., Ltd. announced that they will report Q1, 2023 results on Oct 12, 2022 Reported Earnings • Jul 15
Full year 2022 earnings released: JP¥116 loss per share (vs JP¥42.56 profit in FY 2021) Full year 2022 results: JP¥116 loss per share (down from JP¥42.56 profit in FY 2021). Revenue: JP¥16.3b (down 21% from FY 2021). Net loss: JP¥905.0m (down 382% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Announcement • May 26
I.K Co., Ltd. to Report Fiscal Year 2022 Results on Jul 14, 2022 I.K Co., Ltd. announced that they will report fiscal year 2022 results on Jul 14, 2022 Upcoming Dividend • May 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 22 August 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%). 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 (7 non-independent directors). Head of Overall Overseas Business & Director Keiji Kumazawa was the last director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 14
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: JP¥3.95 loss per share (down from JP¥12.69 profit in 3Q 2021). Revenue: JP¥4.03b (down 24% from 3Q 2021). Net loss: JP¥31.0m (down 131% from profit in 3Q 2021). Revenue missed analyst estimates by 23%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 18%, compared to a 16% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Feb 09
I.K Co.,Ltd. (TSE:2722) announces an Equity Buyback for 250,000 shares, representing 3.18% for ¥100 million. I.K Co.,Ltd. (TSE:2722) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 3.18% of its share capital, for ¥100 million. The company will repurchase its shares in order to improve capital efficiency and prepare for the implementation of agile capital policies. The program will expire on April 27, 2022. As of November 30, 2021, the company had 7,852,424 shares outstanding (excluding treasury shares) and 455,576 shares in treasury. Announcement • Jan 30
I.K Co.,Ltd. to Report Q3, 2022 Results on Apr 12, 2022 I.K Co.,Ltd. announced that they will report Q3, 2022 results on Apr 12, 2022 Reported Earnings • Jan 13
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: JP¥48.80 loss per share (down from JP¥30.57 profit in 2Q 2021). Revenue: JP¥4.70b (down 25% from 2Q 2021). Net loss: JP¥383.0m (down 273% from profit in 2Q 2021). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) were also behind analyst expectations. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 7.4%, compared to a 17% growth forecast for the industry in Japan. 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 17% per year, which means it has not declined as severely as earnings. Announcement • Jan 13
I.K Co.,Ltd. Provides Earnings Guidance for the Full Fiscal Year Ending May 2022 I.K Co.,Ltd. provides earnings guidance for the full fiscal year ending May 2022. For the year, the company expects net sales to be JPY 16,500 million, Operating loss to be JPY 134 million, ordinary loss of 120 million, loss attributable to owners of parent to be JPY 528 million or JPY 67.27 per basic share. Reported Earnings • Oct 16
First quarter 2022 earnings released: JP¥27.42 loss per share (vs JP¥13.91 profit in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2022 results: Revenue: JP¥3.46b (down 28% from 1Q 2021). Net loss: JP¥215.0m (down 313% from profit in 1Q 2021). 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 23% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jul 16
Full year 2021 earnings released: EPS JP¥42.56 (vs JP¥52.18 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¥20.8b (up 12% from FY 2020). Net income: JP¥321.0m (down 16% from FY 2020). Profit margin: 1.5% (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 remained flat but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Announcement • Jul 15
I.K Co.,Ltd. Provides Consolidated Earnings Guidance for the Half Year Ending November 2021 and Full Year Ending May 31, 2022 I.K Co.,Ltd. provided consolidated earnings guidance for the half year ending November 2021 and full year ending May 31, 2022. For the half year, the company forecasted consolidated net sales of JPY 10,400 million, operating profit of JPY 390 million, profit attributable to owners of parent of JPY 230 million and basic earnings per share of JPY 29.34.
For the full year, the company forecasted consolidated net sales of JPY 22,000 million, operating profit of JPY 880 million, profit attributable to owners of parent of JPY 550 million and basic earnings per share of JPY 70.15. Upcoming Dividend • May 21
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 21 August 2021. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (0.8%). Announcement • Apr 15
I.K Co.,Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending May 31, 2021 I.K Co.,Ltd. provided consolidated earnings guidance for the full year ending May 31, 2021. For the period, the company forecasted consolidated net sales of JPY 20,700 million, operating profit of JPY 822 million, profit attributable to owners of parent of JPY 422 million and basic earnings per share of JPY 55.95. Reported Earnings • Apr 15
Third quarter 2021 earnings released: EPS JP¥12.69 (vs JP¥18.60 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥5.32b (up 5.3% from 3Q 2020). Net income: JP¥99.0m (down 27% from 3Q 2020). Profit margin: 1.9% (down from 2.7% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 20
New 90-day low: JP¥826 The company is down 15% from its price of JP¥968 on 20 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 15% over the same period. Is New 90 Day High Low • Jan 26
New 90-day low: JP¥878 The company is down 2.0% from its price of JP¥897 on 28 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 1.0% over the same period. Reported Earnings • Jan 15
Second quarter 2021 earnings released: EPS JP¥30.57 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥6.25b (up 26% from 2Q 2020). Net income: JP¥222.0m (up 51% from 2Q 2020). Profit margin: 3.5% (up from 3.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Announcement • Aug 10
I.K Co.,Ltd. to Report Q1, 2021 Results on Oct 13, 2020 I.K Co.,Ltd. announced that they will report Q1, 2021 results on Oct 13, 2020 
