Reported Earnings • May 08
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: JP¥99.32 (down from JP¥99.54 in FY 2025). Revenue: JP¥295.5b (up 4.8% from FY 2025). Net income: JP¥8.80b (down 2.3% from FY 2025). Profit margin: 3.0% (down from 3.2% in FY 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 1.2%. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Consumer Retailing industry in Japan. 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 6% per year, which means it is significantly lagging earnings growth. Announcement • May 08
Axial Retailing Inc. to Report Fiscal Year 2026 Results on May 07, 2026 Axial Retailing Inc. announced that they will report fiscal year 2026 results on May 07, 2026 Announcement • May 07
Axial Retailing Inc., Annual General Meeting, Jun 24, 2026 Axial Retailing Inc., Annual General Meeting, Jun 24, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 22 June 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: JP¥33.32 (vs JP¥26.39 in 3Q 2025) Third quarter 2026 results: EPS: JP¥33.32 (up from JP¥26.39 in 3Q 2025). Revenue: JP¥76.2b (up 3.9% from 3Q 2025). Net income: JP¥2.95b (up 24% from 3Q 2025). Profit margin: 3.9% (up from 3.3% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 13% per year. Announcement • Dec 09
Axial Retailing Inc. to Report Q3, 2026 Results on Feb 03, 2026 Axial Retailing Inc. announced that they will report Q3, 2026 results on Feb 03, 2026 Declared Dividend • Dec 06
First half dividend of JP¥16.00 announced Shareholders will receive a dividend of JP¥16.00. Ex-date: 30th March 2026 Payment date: 22nd June 2026 Dividend yield will be 2.6%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 9.2% 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. EPS is expected to grow by 5.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 06
Second quarter 2026 earnings released: EPS: JP¥24.10 (vs JP¥23.47 in 2Q 2025) Second quarter 2026 results: EPS: JP¥24.10 (up from JP¥23.47 in 2Q 2025). Revenue: JP¥75.5b (up 5.9% from 2Q 2025). Net income: JP¥2.14b (flat on 2Q 2025). Profit margin: 2.8% (down from 3.0% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% 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 12% per year whereas the company’s share price has increased by 9% per year. Price Target Changed • Sep 26
Price target increased by 32% to JP¥1,250 Up from JP¥950, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,210. Stock is up 28% over the past year. The company is forecast to post earnings per share of JP¥101 for next year compared to JP¥99.54 last year. Buy Or Sell Opportunity • Sep 24
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 7.6% to JP¥1,215. The fair value is estimated to be JP¥1,009, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has grown by 9.6%. Revenue is forecast to grow by 8.5% in 2 years. Earnings are forecast to decline by 0.03% in the next 2 years. Announcement • Sep 03
Axial Retailing Inc. to Report Q2, 2026 Results on Nov 04, 2025 Axial Retailing Inc. announced that they will report Q2, 2026 results on Nov 04, 2025 Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: JP¥21.62 (vs JP¥20.69 in 1Q 2025) First quarter 2026 results: EPS: JP¥21.62 (up from JP¥20.69 in 1Q 2025). Revenue: JP¥71.2b (up 7.1% from 1Q 2025). Net income: JP¥1.92b (up 2.5% from 1Q 2025). Profit margin: 2.7% (down from 2.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.1% 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 10% per year whereas the company’s share price has increased by 11% per year. Declared Dividend • Jul 09
Final dividend of JP¥13.00 announced Shareholders will receive a dividend of JP¥13.00. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (33% earnings payout ratio) and cash flows (62% 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 4.6% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 21
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥99.54 (up from JP¥81.78 in FY 2024). Revenue: JP¥281.9b (up 4.3% from FY 2024). Net income: JP¥9.01b (up 21% from FY 2024). Profit margin: 3.2% (up from 2.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 1.5% 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 but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 14
Axial Retailing Inc. to Report Q1, 2026 Results on Aug 05, 2025 Axial Retailing Inc. announced that they will report Q1, 2026 results on Aug 05, 2025 Reported Earnings • May 08
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥99.54 (up from JP¥81.78 in FY 2024). Revenue: JP¥281.9b (up 4.3% from FY 2024). Net income: JP¥9.01b (up 21% from FY 2024). Profit margin: 3.2% (up from 2.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 17%. Revenue is forecast to grow 1.8% p.a. on average during the next 2 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 6% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 07
Axial Retailing Inc., Annual General Meeting, Jun 19, 2025 Axial Retailing Inc., Annual General Meeting, Jun 19, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 23 June 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Announcement • Mar 13
Axial Retailing Inc. Appoints Manabu Nakagawa as Chief Merchandising Officer Axial Retailing Inc. announced that Board of Directors, at a meeting held on March 11, 2025, resolved to make the following changes of the Group's Executive Officers. Changes of Executive Officers (as of March 11, 2025). Manabu Nakagawa: New Position - Managing Director, Chief Merchandising Officer, Current Position - Managing Director. Announcement • Mar 03
Axial Retailing Inc. to Report Fiscal Year 2025 Results on May 07, 2025 Axial Retailing Inc. announced that they will report fiscal year 2025 results on May 07, 2025 Reported Earnings • Feb 05
Third quarter 2025 earnings released: EPS: JP¥26.39 (vs JP¥29.64 in 3Q 2024) Third quarter 2025 results: EPS: JP¥26.39 (down from JP¥29.64 in 3Q 2024). Revenue: JP¥73.3b (up 4.1% from 3Q 2024). Net income: JP¥2.39b (down 11% from 3Q 2024). Profit margin: 3.3% (down from 3.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.9% 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 whereas the company’s share price has increased by 4% per year. Announcement • Feb 04
Axial Retailing Inc. (TSE:8255) announces an Equity Buyback for 2,000,000 shares, representing 2.14% for ¥2,000 million. Axial Retailing Inc. (TSE:8255) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 2.14% of its issued share capital, for ¥2,000 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. The program will run until August 31, 2025. As of February 4, 2025, the company had 93,552,156 shares issued (excluding treasury stock) and 3,019,776 shares in treasury. Buy Or Sell Opportunity • Feb 04
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.5% to JP¥909. The fair value is estimated to be JP¥756, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 4.8% in 2 years. Earnings are forecast to grow by 13% in the next 2 years. Buy Or Sell Opportunity • Dec 23
Now 20% overvalued Over the last 90 days, the stock has fallen 3.3% to JP¥908. The fair value is estimated to be JP¥756, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 4.8% in 2 years. Earnings are forecast to grow by 13% in the next 2 years. Declared Dividend • Dec 06
First half dividend of JP¥14.00 announced Shareholders will receive a dividend of JP¥14.00. Ex-date: 28th March 2025 Payment date: 23rd June 2025 Dividend yield will be 2.8%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but not covered by cash flows (180% cash payout ratio). The dividend has increased by an average of 11% 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 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Dec 03
Now 20% overvalued Over the last 90 days, the stock has fallen 3.5% to JP¥908. The fair value is estimated to be JP¥756, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 4.8% in 2 years. Earnings are forecast to grow by 13% in the next 2 years. Announcement • Nov 30
Axial Retailing Inc. to Report Q3, 2025 Results on Feb 04, 2025 Axial Retailing Inc. announced that they will report Q3, 2025 results on Feb 04, 2025 Buy Or Sell Opportunity • Nov 13
Now 20% overvalued Over the last 90 days, the stock has fallen 2.8% to JP¥908. The fair value is estimated to be JP¥756, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 4.8% in 2 years. Earnings are forecast to grow by 13% in the next 2 years. Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥23.47 (vs JP¥25.40 in 2Q 2024) Second quarter 2025 results: EPS: JP¥23.47 (down from JP¥25.40 in 2Q 2024). Revenue: JP¥71.3b (up 3.6% from 2Q 2024). Net income: JP¥2.13b (down 7.9% from 2Q 2024). Profit margin: 3.0% (down from 3.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% 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 2% per year whereas the company’s share price has increased by 1% per year. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Announcement • Sep 04
Axial Retailing Inc. to Report Q2, 2025 Results on Nov 05, 2024 Axial Retailing Inc. announced that they will report Q2, 2025 results on Nov 05, 2024 Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥20.69 (vs JP¥21.16 in 1Q 2024) First quarter 2025 results: EPS: JP¥20.69 (down from JP¥21.16 in 1Q 2024). Revenue: JP¥66.5b (up 4.3% from 1Q 2024). Net income: JP¥1.87b (down 3.9% from 1Q 2024). Profit margin: 2.8% (down from 3.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% 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 1% per year whereas the company’s share price has fallen by 2% per year. Declared Dividend • Jul 11
Final dividend of JP¥11.00 announced Shareholders will receive a dividend of JP¥11.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 6.5%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (27% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 11% 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 decline by 92% over the next 3 years. Since a fall of 70% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Reported Earnings • Jun 26
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥327 (up from JP¥68.96 in FY 2023). Revenue: JP¥270.2b (up 6.0% from FY 2023). Net income: JP¥7.44b (up 17% from FY 2023). Profit margin: 2.8% (up from 2.5% 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 1.5%. Revenue is forecast to grow 2.4% 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 32% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jun 13
Axial Retailing Inc. to Report Q1, 2025 Results on Aug 06, 2024 Axial Retailing Inc. announced that they will report Q1, 2025 results on Aug 06, 2024 Reported Earnings • May 08
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥327 (up from JP¥68.96 in FY 2023). Revenue: JP¥270.2b (up 6.0% from FY 2023). Net income: JP¥7.44b (up 17% from FY 2023). Profit margin: 2.8% (up from 2.5% 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 1.5%. Revenue is forecast to grow 1.8% p.a. on average during the next 2 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 32% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • May 08
Axial Retailing Inc., Annual General Meeting, Jun 20, 2024 Axial Retailing Inc., Annual General Meeting, Jun 20, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 27% and the cash payout ratio is 80%. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.5%). Announcement • Mar 13
Kousoku Print Co.,Ltd. Announces Management Changes, as of April 1, 2024 Kousoku Print Co.,Ltd. announced appointment of Masanao Ogawa, President and Representative Director as Chairman and Representative Director; Kazuaki Takahashi, Managing Director as President and Representative Director, as of April 1, 2024. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥119 (vs JP¥107 in 3Q 2023) Third quarter 2024 results: EPS: JP¥119 (up from JP¥107 in 3Q 2023). Revenue: JP¥70.5b (up 5.4% from 3Q 2023). Net income: JP¥2.68b (up 8.6% from 3Q 2023). Profit margin: 3.8% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.4% 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 fallen by 6% per year whereas the company’s share price has fallen by 8% per year. Announcement • Dec 03
Axial Retailing Inc. to Report Q3, 2024 Results on Feb 06, 2024 Axial Retailing Inc. announced that they will report Q3, 2024 results on Feb 06, 2024 Announcement • Nov 15
Axial Retailing Inc. Announces Interim Dividend for the Fiscal Year 2024, Payable on December 5, 2023 Axial Retailing Inc. announced that a meeting of the Board of Directors convened on November 14, 2023 resolved to pay a dividend from retained earnings with the record date of September 30, 2023, as follows. Interim dividend of JPY 30.00 per share for the fiscal year 2024 compared to JPY 25.00 per share paid a year ago. Effective date: December 5, 2023. Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥102 (vs JP¥80.25 in 2Q 2023) Second quarter 2024 results: EPS: JP¥102 (up from JP¥80.25 in 2Q 2023). Revenue: JP¥68.8b (up 6.1% from 2Q 2023). Net income: JP¥2.31b (up 25% from 2Q 2023). Profit margin: 3.4% (up from 2.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.6% 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 fallen by 8% per year whereas the company’s share price has fallen by 6% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥30.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%). Announcement • Sep 14
Axial Retailing Inc. to Report Q2, 2024 Results on Nov 07, 2023 Axial Retailing Inc. announced that they will report Q2, 2024 results on Nov 07, 2023 Reported Earnings • Aug 02
First quarter 2024 earnings released: EPS: JP¥84.63 (vs JP¥75.26 in 1Q 2023) First quarter 2024 results: EPS: JP¥84.63 (up from JP¥75.26 in 1Q 2023). Revenue: JP¥63.8b (up 4.8% from 1Q 2023). Net income: JP¥1.95b (up 12% from 1Q 2023). Profit margin: 3.1% (up from 2.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 6% per year. Announcement • Jun 14
Axial Retailing Inc. (TSE:8255) announces an Equity Buyback for 500,000 shares, representing 2.14% for ¥1,500 million. Axial Retailing Inc. (TSE:8255) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 2.14% of its issued share capital, for ¥1,500 million. The purpose of the program is to enhance capital efficiency and to implement a flexible capital policy in response to changes in the business environment. The program will run until December 31, 2023. As of June 13, 2023, the company had 23,388,039 shares issued (excluding treasury stock) and 346,519 shares in treasury. Announcement • Jun 04
Axial Retailing Inc. to Report Q1, 2024 Results on Aug 01, 2023 Axial Retailing Inc. announced that they will report Q1, 2024 results on Aug 01, 2023 Reported Earnings • May 04
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥276 (down from JP¥307 in FY 2022). Revenue: JP¥255.0b (up 3.5% from FY 2022). Net income: JP¥6.36b (down 10% from FY 2022). Profit margin: 2.5% (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 5.8%. Revenue is forecast to grow 1.7% 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 fallen by 5% per year and the company’s share price has also fallen by 5% per year. Price Target Changed • Apr 05
Price target increased by 32% to JP¥5,600 Up from JP¥4,250, the current price target is provided by 1 analyst. New target price is 66% above last closing price of JP¥3,365. Stock is up 2.1% over the past year. The company is forecast to post earnings per share of JP¥293 for next year compared to JP¥307 last year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥55.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Board Change • Mar 19
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 an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. 3 independent directors (9 non-independent directors). Independent Outside Director Asako Kikuno was the last independent director to join the board, commencing their role in 2021. 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 • Feb 16
Third quarter 2023 earnings released: EPS: JP¥107 (vs JP¥89.10 in 3Q 2022) Third quarter 2023 results: EPS: JP¥107 (up from JP¥89.10 in 3Q 2022). Revenue: JP¥66.8b (up 6.1% from 3Q 2022). Net income: JP¥2.47b (up 20% from 3Q 2022). Profit margin: 3.7% (up from 3.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.1% 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 fallen by 1% per year whereas the company’s share price has fallen by 2% per year. Buying Opportunity • Jan 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.8%. The fair value is estimated to be JP¥4,149, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 2.3% in 2 years. Earnings is forecast to grow by 5.7% in the next 2 years. Announcement • Dec 14
Axial Retailing Inc. to Report Q3, 2023 Results on Feb 07, 2023 Axial Retailing Inc. announced that they will report Q3, 2023 results on Feb 07, 2023 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. 5 experienced directors. 7 highly experienced directors. 2 independent directors (9 non-independent directors). Independent Outside Director Koichi Nihara was the last independent director to join the board, commencing their role in 2016. 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 03
Second quarter 2023 earnings released: EPS: JP¥80.25 (vs JP¥84.33 in 2Q 2022) Second quarter 2023 results: EPS: JP¥80.25 (down from JP¥84.33 in 2Q 2022). Revenue: JP¥64.8b (up 3.7% from 2Q 2022). Net income: JP¥1.85b (down 4.8% from 2Q 2022). Profit margin: 2.9% (down from 3.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% 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 1% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Announcement • Sep 02
Axial Retailing Inc. to Report Q2, 2023 Results on Nov 01, 2022 Axial Retailing Inc. announced that they will report Q2, 2023 results on Nov 01, 2022 Reported Earnings • Aug 03
First quarter 2023 earnings released: EPS: JP¥75.26 (vs JP¥87.80 in 1Q 2022) First quarter 2023 results: EPS: JP¥75.26 (down from JP¥87.80 in 1Q 2022). Revenue: JP¥60.9b (up 1.3% from 1Q 2022). Net income: JP¥1.73b (down 14% from 1Q 2022). Profit margin: 2.8% (down from 3.4% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jun 08
Axial Retailing Inc. to Report Q1, 2023 Results on Aug 02, 2022 Axial Retailing Inc. announced that they will report Q1, 2023 results on Aug 02, 2022 Major Estimate Revision • May 13
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥323 to JP¥289 per share. Revenue forecast steady at JP¥251.0b. Net income forecast to shrink 5.3% next year vs 9.2% growth forecast for Consumer Retailing industry in Japan . Consensus price target down from JP¥5,100 to JP¥4,400. Share price fell 7.2% to JP¥3,095 over the past week. Price Target Changed • May 11
Price target decreased to JP¥4,400 Down from JP¥5,100, the current price target is an average from 2 analysts. New target price is 45% above last closing price of JP¥3,025. Stock is down 26% over the past year. The company is forecast to post earnings per share of JP¥289 for next year compared to JP¥307 last year. Reported Earnings • May 11
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥307 (down from JP¥359 in FY 2021). Revenue: JP¥246.5b (down 3.9% from FY 2021). Net income: JP¥7.07b (down 15% from FY 2021). Profit margin: 2.9% (down from 3.2% in FY 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.7%. Over the next year, revenue is forecast to grow 1.8%, 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 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 06
Axial Retailing Inc., Annual General Meeting, Jun 23, 2022 Axial Retailing Inc., Annual General Meeting, Jun 23, 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. 7 experienced directors. 5 highly experienced directors. 2 independent directors (8 non-independent directors). Independent Outside Director Koichi Nihara was the last independent director to join the board, commencing their role in 2016. 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 08
Axial Retailing Inc. to Report Fiscal Year 2022 Results on May 06, 2022 Axial Retailing Inc. announced that they will report fiscal year 2022 results on May 06, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: JP¥89.10 (down from JP¥106 in 3Q 2021). Revenue: JP¥63.0b (down 3.7% from 3Q 2021). Net income: JP¥2.05b (down 16% from 3Q 2021). Profit margin: 3.3% (down from 3.7% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 7.6%. Over the next year, revenue is forecast to stay flat compared to a 15% growth forecast for the 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 fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 04
Second quarter 2022 earnings released: EPS JP¥84.33 (vs JP¥97.95 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥62.5b (down 2.8% from 2Q 2021). Net income: JP¥1.94b (down 14% from 2Q 2021). Profit margin: 3.1% (down from 3.5% in 2Q 2021). The decrease in margin was driven by lower revenue. 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 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 03 December 2021. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%). Announcement • Jun 04
An unknown buyer acquired Niigata Yell Bento from Axial Retailing Inc. (TSE:8255). An unknown buyer acquired Niigata Yell Bento from Axial Retailing Inc. (TSE:8255) on August 2020.
An unknown buyer completed the acquisition of Niigata Yell Bento from Axial Retailing Inc. (TSE:8255) on August 2020. Reported Earnings • May 08
Full year 2021 earnings released: EPS JP¥359 (vs JP¥270 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥256.4b (up 6.4% from FY 2020). Net income: JP¥8.28b (up 33% from FY 2020). Profit margin: 3.2% (up from 2.6% 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 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.4%). Is New 90 Day High Low • Feb 24
New 90-day low: JP¥4,730 The company is down 2.0% from its price of JP¥4,840 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. Reported Earnings • Feb 03
Third quarter 2021 earnings released: EPS JP¥106 (vs JP¥79.55 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥65.4b (up 5.3% from 3Q 2020). Net income: JP¥2.43b (up 33% from 3Q 2020). Profit margin: 3.7% (up from 3.0% in 3Q 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 whereas the company’s share price has increased by 7% per year. Analyst Estimate Surprise Post Earnings • Feb 03
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 5.1%. Over the next year, revenue is forecast to stay flat compared to a 8.4% growth forecast for the Consumer Retailing industry in Japan. Is New 90 Day High Low • Dec 29
New 90-day high: JP¥5,110 The company is up 4.0% from its price of JP¥4,935 on 30 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Retailing industry, which is down 1.0% over the same period. 
