Buy Or Sell Opportunity • May 26
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to JP¥3,535. The fair value is estimated to be JP¥2,918, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.5% over the last 3 years. Earnings per share has grown by 26%. New Risk • May 20
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥13.8b market cap, or US$86.5m). Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥737 (vs JP¥726 in FY 2025) Full year 2026 results: EPS: JP¥737 (up from JP¥726 in FY 2025). Revenue: JP¥158.6b (up 5.8% from FY 2025). Net income: JP¥2.95b (up 1.5% from FY 2025). Profit margin: 1.9% (in line with FY 2025). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 15
Chuo Gyorui Co., Ltd., Annual General Meeting, Jun 26, 2026 Chuo Gyorui Co., Ltd., Annual General Meeting, Jun 26, 2026. Announcement • May 10
Chuo Gyorui Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Chuo Gyorui Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 New Risk • Apr 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.8b (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (4.6% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (JP¥15.8b market cap, or US$99.1m). Upcoming Dividend • Mar 23
Upcoming dividend of JP¥120 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥373 (vs JP¥288 in 3Q 2025) Third quarter 2026 results: EPS: JP¥373 (up from JP¥288 in 3Q 2025). Revenue: JP¥46.4b (up 5.1% from 3Q 2025). Net income: JP¥1.49b (up 29% from 3Q 2025). Profit margin: 3.2% (up from 2.6% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jan 08
Dividend of JP¥120 announced Dividend of JP¥120 is the same as last year. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 3.3%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (18% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 7.2% 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. 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. Announcement • Jan 07
Chuo Gyorui Co., Ltd. announces Annual dividend, payable on June 30, 2026 Chuo Gyorui Co., Ltd. announced Annual dividend of JPY 120.0000 per share payable on June 30, 2026, ex-date on March 30, 2026 and record date on March 31, 2026. Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: JP¥152 (vs JP¥162 in 2Q 2025) Second quarter 2026 results: EPS: JP¥152 (down from JP¥162 in 2Q 2025). Revenue: JP¥38.4b (up 5.4% from 2Q 2025). Net income: JP¥609.0m (down 5.9% from 2Q 2025). Profit margin: 1.6% (down from 1.8% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥151 (vs JP¥198 in 1Q 2025) First quarter 2026 results: EPS: JP¥151 (down from JP¥198 in 1Q 2025). Revenue: JP¥38.6b (up 5.5% from 1Q 2025). Net income: JP¥605.0m (down 24% from 1Q 2025). Profit margin: 1.6% (down from 2.2% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 20
Full year 2025 earnings released: EPS: JP¥726 (vs JP¥534 in FY 2024) Full year 2025 results: EPS: JP¥726 (up from JP¥534 in FY 2024). Revenue: JP¥149.9b (up 8.9% from FY 2024). Net income: JP¥2.90b (up 36% from FY 2024). Profit margin: 1.9% (up from 1.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • May 15
Chuo Gyorui Co., Ltd., Annual General Meeting, Jun 27, 2025 Chuo Gyorui Co., Ltd., Annual General Meeting, Jun 27, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥110 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 28 June 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Announcement • Feb 28
Chuo Gyorui Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 Chuo Gyorui Co., Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥288 (vs JP¥149 in 3Q 2024) Third quarter 2025 results: EPS: JP¥288 (up from JP¥149 in 3Q 2024). Revenue: JP¥44.1b (up 3.9% from 3Q 2024). Net income: JP¥1.15b (up 93% from 3Q 2024). Profit margin: 2.6% (up from 1.4% 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 26% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jan 06
Dividend of JP¥90.00 announced Shareholders will receive a dividend of JP¥90.00. Ex-date: 28th March 2025 Payment date: 28th June 2025 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 (13% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 4.1% 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. Earnings per share has grown by 30% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥162 (vs JP¥173 in 2Q 2024) Second quarter 2025 results: EPS: JP¥162 (down from JP¥173 in 2Q 2024). Revenue: JP¥36.4b (up 15% from 2Q 2024). Net income: JP¥647.0m (down 6.2% from 2Q 2024). Profit margin: 1.8% (down from 2.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (JP¥12.0b market cap, or US$85.0m). Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥198 (vs JP¥118 in 1Q 2024) First quarter 2025 results: EPS: JP¥198 (up from JP¥118 in 1Q 2024). Revenue: JP¥36.6b (up 12% from 1Q 2024). Net income: JP¥791.0m (up 68% from 1Q 2024). Profit margin: 2.2% (up from 1.4% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥534 (vs JP¥347 in FY 2023) Full year 2024 results: EPS: JP¥534 (up from JP¥347 in FY 2023). Revenue: JP¥137.6b (flat on FY 2023). Net income: JP¥2.13b (up 54% from FY 2023). Profit margin: 1.6% (up from 1.0% in FY 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 16
Chuo Gyorui Co., Ltd., Annual General Meeting, Jun 27, 2024 Chuo Gyorui Co., Ltd., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.5%). New Risk • Feb 02
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (JP¥12.8b market cap, or US$87.8m). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥149 (vs JP¥112 in 3Q 2023) Third quarter 2024 results: EPS: JP¥149 (up from JP¥112 in 3Q 2023). Revenue: JP¥42.5b (flat on 3Q 2023). Net income: JP¥597.0m (up 34% from 3Q 2023). Profit margin: 1.4% (up from 1.1% in 3Q 2023). 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 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥173 (vs JP¥68.10 in 2Q 2023) Second quarter 2024 results: EPS: JP¥173 (up from JP¥68.10 in 2Q 2023). Revenue: JP¥31.8b (down 2.9% from 2Q 2023). Net income: JP¥690.0m (up 154% from 2Q 2023). Profit margin: 2.2% (up from 0.8% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 14% 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 • Aug 01
First quarter 2024 earnings released: EPS: JP¥118 (vs JP¥157 in 1Q 2023) First quarter 2024 results: EPS: JP¥118 (down from JP¥157 in 1Q 2023). Revenue: JP¥32.6b (flat on 1Q 2023). Net income: JP¥471.0m (down 25% from 1Q 2023). Profit margin: 1.4% (down from 1.9% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 19
Full year 2023 earnings released: EPS: JP¥347 (vs JP¥288 in FY 2022) Full year 2023 results: EPS: JP¥347 (up from JP¥288 in FY 2022). Revenue: JP¥137.5b (up 13% from FY 2022). Net income: JP¥1.39b (up 20% from FY 2022). Profit margin: 1.0% (up from 0.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥60.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥112 (vs JP¥172 in 3Q 2022) Third quarter 2023 results: EPS: JP¥112 (down from JP¥172 in 3Q 2022). Revenue: JP¥42.4b (up 9.3% from 3Q 2022). Net income: JP¥446.0m (down 35% from 3Q 2022). Profit margin: 1.1% (down from 1.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: JP¥68.08 (vs JP¥3.76 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥68.08 (up from JP¥3.76 loss in 2Q 2022). Revenue: JP¥32.7b (up 17% from 2Q 2022). Net income: JP¥272.0m (up JP¥287.0m from 2Q 2022). Profit margin: 0.8% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. 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. 4 experienced directors. 8 highly experienced directors. No independent directors (11 non-independent directors). MD & Director Kenichi Matsuyuki was the last director to join the board, commencing their role in 2018. 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 • Oct 30
Second quarter 2023 earnings released: EPS: JP¥68.08 (vs JP¥3.76 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥68.08 (up from JP¥3.76 loss in 2Q 2022). Revenue: JP¥32.7b (up 17% from 2Q 2022). Net income: JP¥272.0m (up JP¥287.0m from 2Q 2022). Profit margin: 0.8% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥157 (vs JP¥62.34 in 1Q 2022) First quarter 2023 results: EPS: JP¥157 (up from JP¥62.34 in 1Q 2022). Revenue: JP¥32.7b (up 18% from 1Q 2022). Net income: JP¥626.0m (up 151% from 1Q 2022). Profit margin: 1.9% (up from 0.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • May 18
Chuo Gyorui Co., Ltd., Annual General Meeting, Jun 23, 2022 Chuo Gyorui Co., Ltd., Annual General Meeting, Jun 23, 2022. Reported Earnings • May 17
Full year 2022 earnings released: EPS: JP¥288 (vs JP¥314 in FY 2021) Full year 2022 results: EPS: JP¥288 (down from JP¥314 in FY 2021). Revenue: JP¥121.8b (down 35% from FY 2021). Net income: JP¥1.15b (down 8.3% from FY 2021). Profit margin: 0.9% (up from 0.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. 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. 7 experienced directors. 5 highly experienced directors. No independent directors (11 non-independent directors). MD & Director Kenichi Matsuyuki was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
Chuo Gyorui Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Chuo Gyorui Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%). Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥172 (up from JP¥117 in 3Q 2021). Revenue: JP¥38.7b (down 33% from 3Q 2021). Net income: JP¥687.0m (up 47% from 3Q 2021). Profit margin: 1.8% (up from 0.8% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 31
Second quarter 2022 earnings released: JP¥3.75 loss per share (vs JP¥39.06 profit in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: JP¥28.0b (down 38% from 2Q 2021). Net loss: JP¥15.0m (down 110% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 45% 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 • Jul 30
First quarter 2022 earnings released: EPS JP¥62.33 (vs JP¥58.84 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥27.8b (down 31% from 1Q 2021). Net income: JP¥249.0m (up 6.0% from 1Q 2021). Profit margin: 0.9% (up from 0.6% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 52% 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 19
Full year 2021 earnings released: EPS JP¥314 (vs JP¥171 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥187.7b (down 3.2% from FY 2020). Net income: JP¥1.26b (up 84% from FY 2020). Profit margin: 0.7% (up from 0.4% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 52% 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¥60.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.4%). Is New 90 Day High Low • Mar 03
New 90-day high: JP¥2,910 The company is up 7.0% from its price of JP¥2,730 on 03 December 2020. The Japanese market is also up 7.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Consumer Retailing industry, which is up 2.0% over the same period. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥2,880 The company is up 5.0% from its price of JP¥2,735 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 7.0% over the same period. Reported Earnings • Feb 03
Third quarter 2021 earnings released: EPS JP¥117 (vs JP¥65.60 in 3Q 2020) The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: JP¥57.7b (flat on 3Q 2020). Net income: JP¥467.0m (up 78% from 3Q 2020). Profit margin: 0.8% (up from 0.5% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 21
New 90-day high: JP¥2,853 The company is up 6.0% from its price of JP¥2,680 on 23 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is up 4.0% over the same period. Is New 90 Day High Low • Jan 05
New 90-day high: JP¥2,836 The company is up 5.0% from its price of JP¥2,702 on 06 October 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is up 2.0% over the same period. Announcement • Jan 03
Chuo Gyorui Co., Ltd. to Report Q3, 2021 Results on Jan 29, 2021 Chuo Gyorui Co., Ltd. announced that they will report Q3, 2021 results on Jan 29, 2021 Announcement • Oct 10
Chuo Gyorui Co., Ltd. to Report Q2, 2021 Results on Oct 30, 2020 Chuo Gyorui Co., Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020 Announcement • Jun 28
Chuo Gyorui Co., Ltd. to Report Q1, 2021 Results on Jul 30, 2020 Chuo Gyorui Co., Ltd. announced that they will report Q1, 2021 results on Jul 30, 2020 