Announcement • Dec 11
Blue Zones Holdings Co.,Ltd. to Report Q3, 2026 Results on Feb 09, 2026 Blue Zones Holdings Co.,Ltd. announced that they will report Q3, 2026 results on Feb 09, 2026 Announcement • Sep 04
Yaoko Co.,Ltd. to Delist from Prime Section of the Tokyo Stock Exchange, Effective September 29, 2025 Yaoko Co.,Ltd. will be delisted from Prime Section of the Tokyo Stock Exchange effective from September 29, 2025, due to becoming a wholly owned subsidiary of BLUE ZONES HOLDINGS CO.,LTD. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥176 (vs JP¥174 in 1Q 2025) First quarter 2026 results: EPS: JP¥176 (up from JP¥174 in 1Q 2025). Revenue: JP¥193.9b (up 10.0% from 1Q 2025). Net income: JP¥7.15b (flat on 1Q 2025). Profit margin: 3.7% (down from 4.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jul 18
Price target increased by 7.6% to JP¥10,300 Up from JP¥9,575, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥9,941. Stock is up 7.9% over the past year. The company is forecast to post earnings per share of JP¥561 for next year compared to JP¥493 last year. Declared Dividend • Jul 09
Final dividend increased to JP¥62.50 Dividend of JP¥62.50 is 14% higher than last year. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 1.4%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (26% earnings payout ratio) and cash flows (84% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 29
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: JP¥493 (up from JP¥464 in FY 2024). Revenue: JP¥736.4b (up 19% from FY 2024). Net income: JP¥20.2b (up 11% from FY 2024). Profit margin: 2.7% (down from 2.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 1.9% 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 increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 07
Yaoko Co.,Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Yaoko Co.,Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 New Risk • May 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 32% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. This is currently the only risk that has been identified for the company. Reported Earnings • May 13
Full year 2025 earnings: EPS in line with expectations, revenues disappoint Full year 2025 results: EPS: JP¥493 (up from JP¥464 in FY 2024). Revenue: JP¥736.4b (up 19% from FY 2024). Net income: JP¥20.2b (up 11% from FY 2024). Profit margin: 2.7% (down from 2.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.6% 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 whereas the company’s share price has increased by 12% per year. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 26% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%). Announcement • Mar 10
Yaoko Co.,Ltd. (TSE:8279) announces an Equity Buyback for 240,000 shares, for ¥2,184 million. Yaoko Co.,Ltd. (TSE:8279) announces a share repurchase program. Under the program, the company will repurchase up to 240,000 shares for ¥2,184 million. The shares will be repurchased at a price of ¥9,100 per share. This share buyback is being carried out in response to shareholders' intention to sell. As of September 30, 2024, the company had 40,950,399 shares in issue and 943,889 shares in treasury. Announcement • Mar 08
Yaoko Co.,Ltd. to Report Fiscal Year 2025 Results on May 12, 2025 Yaoko Co.,Ltd. announced that they will report fiscal year 2025 results on May 12, 2025 Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: JP¥209 (vs JP¥216 in 3Q 2024) Third quarter 2025 results: EPS: JP¥209. Revenue: JP¥198.1b (up 20% from 3Q 2024). Net income: JP¥8.54b (up 1.6% from 3Q 2024). Profit margin: 4.3% (down from 5.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Consumer Retailing industry in Japan. Announcement • Jan 15
Yaoko Co.,Ltd. Announces Management Changes, Effective from March 1, 2025 Yaoko Co.,Ltd. announced appointment of Yusuke Fukasawa as Executive Officer, General Manager of Corporate Planning Department and Masato Kobayashi as Executive Officer, General Manager of SPA Development Department, Satoshi Ogasawara as Executive Officer, General Manager of Digital Management Department and Chief Digital Officer CDO, Toru Kashimura as Executive Officer, General Manager of Fresh Food Department. The company also announced Department Manager Changes, Masanobu Kamiike Current position is Senior Managing Director; Chief Administrative Officer, in charge of Store Development Division, General Manager of Finance Department, and Chief Health Officer (CHO) and New position is Senior Managing Director; Chief Administrative Officer, in charge of Store Development Division, and Chief Health Officer (CHO). Mikiya Yanase Current position is General Manager in charge of Finance Department and New position is General Manager of Finance Department Yuzo Kose Current position is Attached to the Chief Director of Store Development and New position is Assistant Manager of Store Development Department Yuji Itakura Current position is Attached to the Chief Director of Store Development and New position is Assistant Manager of Store Development Department. Yuji Itakura Current position is General Manager of the Audit Department and New position is Attached to the Human Resources & General Affairs Seconded to AVE Co. Ltd. Akihiro Shimano Current position is General Manager of Store Support Department and General Manager in charge of Cashier Department and new position is General Manager of the Audit Department. Junichi Sasaki Current position is General Manager of Sales Planning Department and new position is General Manager of Store Support Department. Jun Oshima Current position is President and Representative Director, Ogawa Trading Co. Ltd. (Seconded to Ogawa Trading Co. Ltd. and new position is General Manager of Sales Planning Department. Masayoshi Kitamura Current position is General Manager of Internal Control Division and General Manager of Compliance Division and new position is General Manager of Risk Management Department. The changes are effective from March 1, 2025. Announcement • Dec 10
Yaoko Co.,Ltd. to Report Q3, 2025 Results on Feb 10, 2025 Yaoko Co.,Ltd. announced that they will report Q3, 2025 results on Feb 10, 2025 Declared Dividend • Dec 06
First half dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but not covered by cash flows (176% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: JP¥179 (vs JP¥182 in 2Q 2024) Second quarter 2025 results: EPS: JP¥179. Revenue: JP¥183.2b (up 17% from 2Q 2024). Net income: JP¥7.32b (up 3.6% from 2Q 2024). Profit margin: 4.0% (down from 4.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Consumer Retailing industry in Japan. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.6%). Announcement • Sep 11
Yaoko Co.,Ltd. to Report Q2, 2025 Results on Nov 11, 2024 Yaoko Co.,Ltd. announced that they will report Q2, 2025 results on Nov 11, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥174 (vs JP¥170 in 1Q 2024) First quarter 2025 results: EPS: JP¥174 (up from JP¥170 in 1Q 2024). Revenue: JP¥176.3b (up 19% from 1Q 2024). Net income: JP¥7.10b (up 7.3% from 1Q 2024). Profit margin: 4.0% (down from 4.4% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 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 10% per year whereas the company’s share price has increased by 8% per year. Buy Or Sell Opportunity • Jul 30
Now 20% undervalued Over the last 90 days, the stock has risen 7.0% to JP¥8,939. The fair value is estimated to be JP¥11,181, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 9.9%. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Declared Dividend • Jul 11
Final dividend increased to JP¥55.00 Dividend of JP¥55.00 is 29% higher than last year. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 1.3%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 14
Yaoko Co.,Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Yaoko Co.,Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Buy Or Sell Opportunity • Jun 04
Now 22% undervalued Over the last 90 days, the stock has risen 1.4% to JP¥8,729. The fair value is estimated to be JP¥11,196, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 9.9%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 8.9% per annum over the same time period. Reported Earnings • May 16
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥464 (up from JP¥408 in FY 2023). Revenue: JP¥619.6b (up 9.8% from FY 2023). Net income: JP¥18.2b (up 15% from FY 2023). Profit margin: 2.9% (up from 2.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.7%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year. Announcement • May 15
Yaoko Co.,Ltd., Annual General Meeting, Jun 25, 2024 Yaoko Co.,Ltd., Annual General Meeting, Jun 25, 2024. Buy Or Sell Opportunity • Apr 16
Now 20% undervalued Over the last 90 days, the stock has risen 2.2% to JP¥8,738. The fair value is estimated to be JP¥10,951, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 8.3%. For the next 3 years, revenue is forecast to grow by 6.5% per annum. Earnings are also forecast to grow by 4.0% per annum over the same time period. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥42.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.5%). Announcement • Mar 10
Yaoko Co.,Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Yaoko Co.,Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 New Risk • Feb 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: JP¥216 (vs JP¥156 in 3Q 2023) Third quarter 2024 results: EPS: JP¥216 (up from JP¥156 in 3Q 2023). Revenue: JP¥164.6b (up 9.7% from 3Q 2023). Net income: JP¥8.41b (up 38% from 3Q 2023). Profit margin: 5.1% (up from 4.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 6% per year. Announcement • Jan 16
Yaoko Co.,Ltd. (TSE:8279) completed the acquisition of 43.18% stake in Sendo Inc. Yaoko Co.,Ltd. (TSE:8279) agreed to acquire 43.18% stake in Sendo Inc. on September 13, 2021. Sendo Inc. reported total assets of ¥18.455 billion, sales of ¥48.992 billion, EBIT of ¥2.010 billion, net profit of ¥1.501 billion and net assets of ¥11.339 billion as of March 31, 2021. The transaction is expected to close on October 14, 2021.
Yaoko Co.,Ltd. (TSE:8279) completed the acquisition of 43.18% stake in Sendo Inc. on January 15, 2024. Announcement • Dec 13
Yaoko Co.,Ltd. to Report Q3, 2024 Results on Feb 13, 2024 Yaoko Co.,Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 15
Second quarter 2024 earnings released: EPS: JP¥182 (vs JP¥143 in 2Q 2023) Second quarter 2024 results: EPS: JP¥182 (up from JP¥143 in 2Q 2023). Revenue: JP¥156.3b (up 9.4% from 2Q 2023). Net income: JP¥7.06b (up 27% from 2Q 2023). Profit margin: 4.5% (up from 3.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥42.50 per share at 1.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.6%). Announcement • Sep 16
Yaoko Co.,Ltd. to Report Q2, 2024 Results on Nov 13, 2023 Yaoko Co.,Ltd. announced that they will report Q2, 2024 results on Nov 13, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥170 (vs JP¥134 in 1Q 2023) First quarter 2024 results: EPS: JP¥170 (up from JP¥134 in 1Q 2023). Revenue: JP¥148.7b (up 8.5% from 1Q 2023). Net income: JP¥6.62b (up 27% from 1Q 2023). Profit margin: 4.4% (up from 3.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year. Announcement • Jun 23
Yaoko Co.,Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Yaoko Co.,Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Announcement • May 13
Yaoko Co.,Ltd., Annual General Meeting, Jun 27, 2023 Yaoko Co.,Ltd., Annual General Meeting, Jun 27, 2023. Reported Earnings • May 12
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥408 (up from JP¥396 in FY 2022). Revenue: JP¥564.5b (up 5.3% from FY 2022). Net income: JP¥15.8b (up 3.0% from FY 2022). Profit margin: 2.8% (down from 2.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 22 June 2023. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%). Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: JP¥156 (vs JP¥143 in 3Q 2022) Third quarter 2023 results: EPS: JP¥156 (up from JP¥143 in 3Q 2022). Revenue: JP¥150.1b (up 8.2% from 3Q 2022). Net income: JP¥6.08b (up 9.2% from 3Q 2022). Profit margin: 4.0% (in line with 3Q 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. Announcement • Dec 18
Yaoko Co.,Ltd. to Report Q3, 2023 Results on Feb 13, 2023 Yaoko Co.,Ltd. announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥143 (vs JP¥154 in 2Q 2022) Second quarter 2023 results: EPS: JP¥143 (down from JP¥154 in 2Q 2022). Revenue: JP¥142.9b (up 3.6% from 2Q 2022). Net income: JP¥5.56b (down 7.1% from 2Q 2022). Profit margin: 3.9% (down from 4.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. 2 independent directors (7 non-independent directors). Independent External Director Shigeyuki Kurokawa 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. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥143 (vs JP¥154 in 2Q 2022) Second quarter 2023 results: EPS: JP¥143 (down from JP¥154 in 2Q 2022). Revenue: JP¥142.9b (up 3.6% from 2Q 2022). Net income: JP¥5.56b (down 7.1% from 2Q 2022). Profit margin: 3.9% (down from 4.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 8% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.6%). Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥134 (vs JP¥140 in 1Q 2022) First quarter 2023 results: EPS: JP¥134 (down from JP¥140 in 1Q 2022). Revenue: JP¥137.0b (up 4.2% from 1Q 2022). Net income: JP¥5.20b (down 4.1% from 1Q 2022). Profit margin: 3.8% (down from 4.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.4%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Jun 24
Full year 2022 earnings: Revenues in line with analyst expectations Full year 2022 results: Revenue: JP¥536.0b (up 5.5% from FY 2021). Net income: JP¥15.4b (up 5.4% from FY 2021). Profit margin: 2.9% (in line with FY 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.7%, compared to a 14% growth forecast for the retail industry in Japan. Reported Earnings • May 11
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: JP¥396 (up from JP¥376 in FY 2021). Revenue: JP¥536.0b (up 5.5% from FY 2021). Net income: JP¥15.4b (up 5.4% from FY 2021). Profit margin: 2.9% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 2.9%, compared to a 20% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 5 highly experienced directors. 2 independent directors (7 non-independent directors). Independent External Director Shigeyuki Kurokawa 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. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥36.25 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 19% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.6%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: JP¥143 (up from JP¥133 in 3Q 2021). Revenue: JP¥138.7b (up 6.7% from 3Q 2021). Net income: JP¥5.56b (up 8.0% from 3Q 2021). Profit margin: 4.0% (in line with 3Q 2021). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 3.6%, compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥154 (vs JP¥130 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥137.9b (up 7.3% from 2Q 2021). Net income: JP¥5.98b (up 18% from 2Q 2021). Profit margin: 4.3% (up from 3.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥36.25 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (1.4%). Reported Earnings • Jun 26
Full year 2021 earnings released: EPS JP¥376 (vs JP¥321 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥507.9b (up 10% from FY 2020). Net income: JP¥14.6b (up 17% from FY 2020). Profit margin: 2.9% (up from 2.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 13
Full year 2021 earnings released: EPS JP¥376 (vs JP¥321 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥507.9b (up 10% from FY 2020). Net income: JP¥14.6b (up 17% from FY 2020). Profit margin: 2.9% (up from 2.7% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥32.50 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 24 June 2021. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.4%). Is New 90 Day High Low • Feb 24
New 90-day low: JP¥6,580 The company is down 8.0% from its price of JP¥7,160 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥7,249 per share. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 0.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.0%. Over the next year, revenue is forecast to stay flat compared to a 8.4% growth forecast for the Consumer Retailing industry in Japan. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥133 (vs JP¥123 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥130.0b (up 8.3% from 3Q 2020). Net income: JP¥5.15b (up 8.0% from 3Q 2020). Profit margin: 4.0% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 15
New 90-day low: JP¥6,860 The company is down 8.0% from its price of JP¥7,440 on 16 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥8,833 per share. Is New 90 Day High Low • Dec 02
New 90-day low: JP¥6,940 The company is down 17% from its price of JP¥8,350 on 03 September 2020. The Japanese market is up 9.0% 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥7,483 per share. Announcement • Jun 29
Yaoko Co.,Ltd. to Report Q1, 2021 Results on Aug 11, 2020 Yaoko Co.,Ltd. announced that they will report Q1, 2021 results on Aug 11, 2020 
