Buy Or Sell Opportunity • Jul 09
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.8% to JP¥2,569. The fair value is estimated to be JP¥3,232, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 8.0% in 2 years. Earnings are forecast to grow by 21% in the next 2 years. Reported Earnings • Jun 27
First quarter 2027 earnings released: EPS: JP¥23.98 (vs JP¥43.21 in 1Q 2026) First quarter 2027 results: EPS: JP¥23.98 (down from JP¥43.21 in 1Q 2026). Revenue: JP¥112.2b (up 3.4% from 1Q 2026). Net income: JP¥1.19b (down 45% from 1Q 2026). Profit margin: 1.1% (down from 2.0% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.7% 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 12% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jun 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to JP¥2,483. The fair value is estimated to be JP¥3,114, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 3.8% per annum over the same time period. Declared Dividend • Jun 17
Final dividend of JP¥33.00 announced Dividend of JP¥33.00 is the same as last year. Ex-date: 19th August 2026 Payment date: 4th November 2026 Dividend yield will be 2.6%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but not covered by cash flows (dividend approximately 7x free cash flows). The dividend has increased by an average of 7.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 03
Heiwado Co.,Ltd. to Report Q1, 2027 Results on Jun 25, 2026 Heiwado Co.,Ltd. announced that they will report Q1, 2027 results on Jun 25, 2026 Reported Earnings • Apr 04
Full year 2026 earnings released: EPS: JP¥189 (vs JP¥209 in FY 2025) Full year 2026 results: EPS: JP¥189 (down from JP¥209 in FY 2025). Revenue: JP¥456.0b (up 2.5% from FY 2025). Net income: JP¥9.41b (down 12% from FY 2025). Profit margin: 2.1% (down from 2.4% in FY 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 5.6% 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 and the company’s share price has also increased by 14% per year. Buy Or Sell Opportunity • Feb 24
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 2.6% to JP¥3,075. The fair value is estimated to be JP¥2,524, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 6.5% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Upcoming Dividend • Feb 12
Upcoming dividend of JP¥33.00 per share Eligible shareholders must have bought the stock before 19 February 2026. Payment date: 18 May 2026. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Buy Or Sell Opportunity • Feb 03
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.5% to JP¥2,979. The fair value is estimated to be JP¥2,477, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 6.5% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Buy Or Sell Opportunity • Jan 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 5.0% to JP¥2,998. The fair value is estimated to be JP¥2,485, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 6.5% in 2 years. Earnings are forecast to grow by 15% in the next 2 years. Reported Earnings • Dec 26
Third quarter 2026 earnings released: EPS: JP¥20.18 (vs JP¥39.99 in 3Q 2025) Third quarter 2026 results: EPS: JP¥20.18 (down from JP¥39.99 in 3Q 2025). Revenue: JP¥112.3b (up 2.7% from 3Q 2025). Net income: JP¥999.0m (down 51% from 3Q 2025). Profit margin: 0.9% (down from 1.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.3% 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 whereas the company’s share price has increased by 10% per year. Declared Dividend • Nov 05
First half dividend of JP¥33.00 announced Shareholders will receive a dividend of JP¥33.00. Ex-date: 19th February 2026 Payment date: 18th May 2026 Dividend yield will be 2.3%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (30% earnings payout ratio) but not covered by cash flows (105% cash payout ratio). The dividend has increased by an average of 9.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 01
Heiwado Co.,Ltd. to Report Q3, 2026 Results on Dec 25, 2025 Heiwado Co.,Ltd. announced that they will report Q3, 2026 results on Dec 25, 2025 Reported Earnings • Oct 03
Second quarter 2026 earnings released: EPS: JP¥55.08 (vs JP¥49.65 in 2Q 2025) Second quarter 2026 results: EPS: JP¥55.08 (up from JP¥49.65 in 2Q 2025). Revenue: JP¥115.0b (up 3.3% from 2Q 2025). Net income: JP¥2.74b (up 6.9% from 2Q 2025). Profit margin: 2.4% (up from 2.3% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% 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 11% per year whereas the company’s share price has increased by 13% per year. Announcement • Oct 02
Heiwado Co.,Ltd. Announces Dividend for the Second Quarter End of Fiscal Year Ending February 20, 2026 , Payable on November 4, 2025 Heiwado Co.,Ltd. announced dividend for the second quarter end of fiscal year ending February 20, 2026, Payable on November 4, 2025. For the quarter, the company announced dividend of JPY 33.00 per share compared to JPY 30.00 per share a year ago. Announcement • Aug 28
Heiwado Co.,Ltd. to Report Q2, 2026 Results on Oct 02, 2025 Heiwado Co.,Ltd. announced that they will report Q2, 2026 results on Oct 02, 2025 Upcoming Dividend • Aug 12
Upcoming dividend of JP¥33.00 per share Eligible shareholders must have bought the stock before 19 August 2025. Payment date: 04 November 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Buy Or Sell Opportunity • Aug 01
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥2,976. The fair value is estimated to be JP¥2,480, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 4.3%. Revenue is forecast to grow by 6.3% in 2 years. Earnings are forecast to grow by 3.9% in the next 2 years. Reported Earnings • Jun 27
First quarter 2026 earnings released: EPS: JP¥43.21 (vs JP¥38.61 in 1Q 2025) First quarter 2026 results: EPS: JP¥43.21 (up from JP¥38.61 in 1Q 2025). Revenue: JP¥108.5b (up 3.1% from 1Q 2025). Net income: JP¥2.17b (up 8.1% from 1Q 2025). Profit margin: 2.0% (up from 1.9% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 1.6% 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 but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jun 21
Final dividend of JP¥33.00 announced Shareholders will receive a dividend of JP¥33.00. Ex-date: 19th August 2025 Payment date: 4th November 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 (30% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 9.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jun 06
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to JP¥2,877. The fair value is estimated to be JP¥2,382, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.0%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 2.9% per annum over the same time period. Announcement • Jun 03
Heiwado Co.,Ltd. to Report Q1, 2026 Results on Jun 26, 2025 Heiwado Co.,Ltd. announced that they will report Q1, 2026 results on Jun 26, 2025 Major Estimate Revision • Apr 10
Consensus EPS estimates increase by 20% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥181 to JP¥217. Revenue forecast steady at JP¥456.0b. Net income forecast to grow 0.7% next year vs 11% growth forecast for Consumer Retailing industry in Japan. Consensus price target of JP¥2,500 unchanged from last update. Share price rose 5.6% to JP¥2,718 over the past week. Buy Or Sell Opportunity • Apr 08
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to JP¥2,657. The fair value is estimated to be JP¥2,112, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 4.0%. Revenue is forecast to grow by 2.4% in a year. Earnings are forecast to grow by 0.7% in the next year. Reported Earnings • Apr 04
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥209 (up from JP¥129 in FY 2024). Revenue: JP¥444.9b (up 4.6% from FY 2024). Net income: JP¥10.7b (up 58% from FY 2024). Profit margin: 2.4% (up from 1.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Apr 03
Heiwado Co.,Ltd., Annual General Meeting, May 15, 2025 Heiwado Co.,Ltd., Annual General Meeting, May 15, 2025. Announcement • Feb 27
Heiwado Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 03, 2025 Heiwado Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 03, 2025 Upcoming Dividend • Feb 12
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 19 February 2025. Payment date: 19 May 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Reported Earnings • Dec 28
Third quarter 2025 earnings released: EPS: JP¥39.99 (vs JP¥24.23 in 3Q 2024) Third quarter 2025 results: EPS: JP¥39.99 (up from JP¥24.23 in 3Q 2024). Revenue: JP¥109.3b (up 4.6% from 3Q 2024). Net income: JP¥2.04b (up 61% from 3Q 2024). Profit margin: 1.9% (up from 1.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% 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 fallen by 12% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Dec 27
Heiwado Co.,Ltd. Announces Dividend for the Second Quarter of the Fiscal Year Ending February 20, 2025 and Provides Dividend Guidance for the Full Year Ending February 20, 2025 Heiwado Co.,Ltd. announced dividend for the second quarter of the fiscal year ending February 20, 2025 and provided dividend guidance for the full year ending February 20, 2025. For the second quarter of the fiscal year ending February 20, 2025, the company announced a dividend of ¥30.00 per share against ¥19.00 per share paid a year ago.
For the fiscal year ending February 20, 2025, the company expects a dividend of ¥30.00 per share against ¥23.00 per share paid a year ago. Declared Dividend • Nov 02
First half dividend increased to JP¥30.00 Dividend of JP¥30.00 is 30% higher than last year. Ex-date: 19th February 2025 Payment date: 19th May 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 7.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 04
Second quarter 2025 earnings released: EPS: JP¥49.65 (vs JP¥48.75 in 2Q 2024) Second quarter 2025 results: EPS: JP¥49.65 (up from JP¥48.75 in 2Q 2024). Revenue: JP¥111.4b (up 4.0% from 2Q 2024). Net income: JP¥2.56b (flat on 2Q 2024). Profit margin: 2.3% (down from 2.4% in 2Q 2024). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Sep 27
Heiwado Co.,Ltd. to Report Q2, 2025 Results on Oct 03, 2024 Heiwado Co.,Ltd. announced that they will report Q2, 2025 results on Oct 03, 2024 Upcoming Dividend • Aug 12
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 19 August 2024. Payment date: 01 November 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.8%). Reported Earnings • Jun 28
First quarter 2025 earnings released: EPS: JP¥38.61 (vs JP¥29.97 in 1Q 2024) First quarter 2025 results: EPS: JP¥38.61 (up from JP¥29.97 in 1Q 2024). Revenue: JP¥105.3b (up 4.3% from 1Q 2024). Net income: JP¥2.01b (up 28% from 1Q 2024). Profit margin: 1.9% (up from 1.6% in 1Q 2024). Revenue is forecast to grow 2.5% 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 fallen by 16% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Jun 27
Heiwado Co.,Ltd. (TSE:8276) announces an Equity Buyback for 2,000,000 shares, representing 3.89% for ¥6,000 million. Heiwado Co.,Ltd. (TSE:8276) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 3.89% of its issued share capital (excluding treasury stock), for ¥6,000 million. The purpose of the program is to increase the level of shareholder returns and improve capital efficiency. The program will run until August 20, 2025. As of June 20, 2024, the company had 51,448,132 shares in issue (excluding treasury stock) and 1,098,338 shares in treasury. Declared Dividend • Jun 06
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 19th August 2024 Payment date: 1st November 2024 Dividend yield will be 2.3%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but not adequately covered by cash flows (91% cash payout ratio). The dividend has increased by an average of 8.3% 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 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 29
Heiwado Co.,Ltd. to Report Q1, 2025 Results on Jun 27, 2024 Heiwado Co.,Ltd. announced that they will report Q1, 2025 results on Jun 27, 2024 New Risk • May 21
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 91% Dividend yield: 2.6% 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 Dividend is not well covered by cash flows (91% cash payout ratio). Large one-off items impacting financial results. Major Estimate Revision • May 18
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥157 to JP¥175. Revenue forecast steady at JP¥442.8b. Net income forecast to grow 32% next year vs 5.9% growth forecast for Consumer Retailing industry in Japan. Consensus price target up from JP¥2,300 to JP¥2,500. Share price fell 4.7% to JP¥2,330 over the past week. Reported Earnings • Apr 06
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥129 (down from JP¥143 in FY 2023). Revenue: JP¥425.4b (up 2.3% from FY 2023). Net income: JP¥6.78b (down 9.7% from FY 2023). Profit margin: 1.6% (down from 1.8% in FY 2023). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 2.8% p.a. on average during the next 2 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 fallen by 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Apr 06
Heiwado Co.,Ltd., Annual General Meeting, May 16, 2024 Heiwado Co.,Ltd., Annual General Meeting, May 16, 2024. Announcement • Feb 21
Heiwado Co.,Ltd. has filed a Follow-on Equity Offering. Heiwado Co.,Ltd. has filed a Follow-on Equity Offering.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 2,706,200
Transaction Features: Subsequent Direct Listing Announcement • Feb 19
Heiwado Co.,Ltd. (TSE:8276) announces an Equity Buyback for 1,000,000 shares, representing 1.91% for ¥2,400 million. Heiwado Co.,Ltd. (TSE:8276) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 1.91% of its issued share capital (excluding treasury stock), for ¥2,400 million. The purpose of the program is to increase the level of shareholder returns and improve capital efficiency. The program will run until August 20, 2024. As of January 20, 2024, the company had 52,448,132 shares in issue (excluding treasury stock) and 98,338 shares in treasury. Upcoming Dividend • Feb 12
Upcoming dividend of JP¥23.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 19 February 2024. Payment date: 20 May 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%). Reported Earnings • Dec 29
Third quarter 2024 earnings released: EPS: JP¥24.23 (vs JP¥34.42 in 3Q 2023) Third quarter 2024 results: EPS: JP¥24.23 (down from JP¥34.42 in 3Q 2023). Revenue: JP¥104.5b (up 2.0% from 3Q 2023). Net income: JP¥1.27b (down 30% from 3Q 2023). Profit margin: 1.2% (down from 1.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 2.8% 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 but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Nov 29
Heiwado Co.,Ltd. to Report Q3, 2024 Results on Dec 28, 2023 Heiwado Co.,Ltd. announced that they will report Q3, 2024 results on Dec 28, 2023 Reported Earnings • Sep 29
Second quarter 2024 earnings released: EPS: JP¥48.75 (vs JP¥33.92 in 2Q 2023) Second quarter 2024 results: EPS: JP¥48.75 (up from JP¥33.92 in 2Q 2023). Revenue: JP¥107.1b (up 2.5% from 2Q 2023). Net income: JP¥2.56b (up 44% from 2Q 2023). Profit margin: 2.4% (up from 1.7% in 2Q 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 2% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Aug 30
Heiwado Co.,Ltd. to Report Q2, 2024 Results on Sep 28, 2023 Heiwado Co.,Ltd. announced that they will report Q2, 2024 results on Sep 28, 2023 Upcoming Dividend • Aug 10
Upcoming dividend of JP¥19.00 per share at 1.7% yield Eligible shareholders must have bought the stock before 17 August 2023. Payment date: 01 November 2023. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (1.6%). Price Target Changed • Jul 10
Price target increased by 9.5% to JP¥2,300 Up from JP¥2,100, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥2,347. Stock is up 18% over the past year. The company is forecast to post earnings per share of JP¥116 for next year compared to JP¥143 last year. Major Estimate Revision • Jul 10
Consensus EPS estimates increase by 27% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥91.52 to JP¥116. Revenue forecast steady at JP¥422.5b. Net income forecast to shrink 17% next year vs 4.9% growth forecast for Consumer Retailing industry in Japan . Consensus price target of JP¥2,100 unchanged from last update. Share price fell 3.1% to JP¥2,283 over the past week. Reported Earnings • Jul 01
First quarter 2024 earnings released: EPS: JP¥29.97 (vs JP¥22.94 in 1Q 2023) First quarter 2024 results: EPS: JP¥29.97 (up from JP¥22.94 in 1Q 2023). Revenue: JP¥100.9b (up 2.2% from 1Q 2023). Net income: JP¥1.57b (up 31% from 1Q 2023). Profit margin: 1.6% (up from 1.2% in 1Q 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 2.3% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year. Announcement • Jun 10
Heiwado Co.,Ltd. to Report Q1, 2024 Results on Jun 30, 2023 Heiwado Co.,Ltd. announced that they will report Q1, 2024 results on Jun 30, 2023 Major Estimate Revision • Apr 22
Consensus EPS estimates fall by 43% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥160 to JP¥91.52 per share. Revenue forecast steady at JP¥421.0b. Net income forecast to shrink 35% next year vs 5.7% growth forecast for Consumer Retailing industry in Japan . Consensus price target down from JP¥2,100 to JP¥1,950. Share price rose 2.9% to JP¥2,057 over the past week. Reported Earnings • Apr 08
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥143 (down from JP¥203 in FY 2022). Revenue: JP¥415.7b (down 5.5% from FY 2022). Net income: JP¥7.52b (down 29% from FY 2022). Profit margin: 1.8% (down from 2.4% in FY 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.7%. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 10
Upcoming dividend of JP¥23.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 17 February 2023. Payment date: 22 May 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Dec 28
Third quarter 2023 earnings released: EPS: JP¥34.42 (vs JP¥40.44 in 3Q 2022) Third quarter 2023 results: EPS: JP¥34.42 (down from JP¥40.44 in 3Q 2022). Revenue: JP¥102.5b (down 3.9% from 3Q 2022). Net income: JP¥1.81b (down 15% from 3Q 2022). Profit margin: 1.8% (down from 2.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 2.1% growth forecast for the Consumer Retailing industry in Japan. 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 • Nov 30
Heiwado Co.,Ltd. to Report Q3, 2023 Results on Dec 27, 2022 Heiwado Co.,Ltd. announced that they will report Q3, 2023 results on Dec 27, 2022 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 an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Independent Outside Director Shiro Takashima was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Major Estimate Revision • Oct 06
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥174 to JP¥128 per share. Revenue forecast steady at JP¥409.0b. Net income forecast to shrink 12% next year vs 7.1% growth forecast for Consumer Retailing industry in Japan . Consensus price target down from JP¥2,200 to JP¥2,000. Share price fell 4.5% to JP¥1,934 over the past week. Price Target Changed • Oct 05
Price target decreased to JP¥2,000 Down from JP¥2,200, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,955. Stock is down 4.0% over the past year. The company is forecast to post earnings per share of JP¥128 for next year compared to JP¥203 last year. Reported Earnings • Oct 01
Second quarter 2023 earnings released: EPS: JP¥33.92 (vs JP¥59.32 in 2Q 2022) Second quarter 2023 results: EPS: JP¥33.92 (down from JP¥59.32 in 2Q 2022). Revenue: JP¥104.5b (down 5.9% from 2Q 2022). Net income: JP¥1.78b (down 43% from 2Q 2022). Profit margin: 1.7% (down from 2.8% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat 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 increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Aug 28
Heiwado Co.,Ltd. to Report Q2, 2023 Results on Sep 29, 2022 Heiwado Co.,Ltd. announced that they will report Q2, 2023 results on Sep 29, 2022 Upcoming Dividend • Aug 11
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 18 August 2022. Payment date: 01 November 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Jul 02
First quarter 2023 earnings released: EPS: JP¥22.94 (vs JP¥38.86 in 1Q 2022) First quarter 2023 results: EPS: JP¥22.94 (down from JP¥38.86 in 1Q 2022). Revenue: JP¥98.7b (down 5.9% from 1Q 2022). Net income: JP¥1.20b (down 41% from 1Q 2022). Profit margin: 1.2% (down from 1.9% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 5.7% compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jun 01
Heiwado Co.,Ltd. to Report Q1, 2023 Results on Jun 30, 2022 Heiwado Co.,Ltd. announced that they will report Q1, 2023 results on Jun 30, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Outside Director Shiro Takashima was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 08
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥203 (up from JP¥185 in FY 2021). Revenue: JP¥439.7b (flat on FY 2021). Net income: JP¥10.6b (up 9.5% from FY 2021). Profit margin: 2.4% (up from 2.2% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.4%. Over the next year, revenue is forecast to grow 1.2%, compared to a 15% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 10
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 17 February 2022. Payment date: 14 May 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%). Reported Earnings • Dec 27
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥40.44 (down from JP¥47.44 in 3Q 2021). Revenue: JP¥106.7b (down 1.7% from 3Q 2021). Net income: JP¥2.12b (down 15% from 3Q 2021). Profit margin: 2.0% (down from 2.3% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 39%. Earnings per share (EPS) surpassed analyst estimates by 39%. Over the next year, revenue is forecast to stay flat compared to a 27% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 01
Second quarter 2022 earnings released: EPS JP¥59.32 (vs JP¥66.29 in 2Q 2021) The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥111.1b (flat on 2Q 2021). Net income: JP¥3.11b (down 11% from 2Q 2021). Profit margin: 2.8% (down from 3.1% in 2Q 2021). 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 12% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 12
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 19 August 2021. Payment date: 02 November 2021. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.5%). Price Target Changed • Jul 21
Price target decreased to JP¥2,500 Down from JP¥2,700, the current price target is provided by 1 analyst. New target price is 22% above last closing price of JP¥2,041. Stock is up 2.5% over the past year. Reported Earnings • Jul 03
First quarter 2022 earnings released: EPS JP¥38.86 (vs JP¥7.05 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥104.9b (up 3.8% from 1Q 2021). Net income: JP¥2.04b (up 451% from 1Q 2021). Profit margin: 1.9% (up from 0.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Major Estimate Revision • Apr 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥169 to JP¥189. Revenue forecast steady at JP¥443.0b. Net income forecast to grow 1.8% next year vs 6.7% growth forecast for Consumer Retailing industry in Japan. Consensus price target up from JP¥2,600 to JP¥2,700. Share price was steady at JP¥2,318 over the past week. Reported Earnings • Apr 04
Full year 2021 earnings released: EPS JP¥185 (vs JP¥116 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥439.3b (up 1.3% from FY 2020). Net income: JP¥9.72b (up 59% from FY 2020). Profit margin: 2.2% (up from 1.4% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Feb 28
Heiwado Co.,Ltd. to Report Fiscal Year 2021 Results on Apr 02, 2021 Heiwado Co.,Ltd. announced that they will report fiscal year 2021 results on Apr 02, 2021 Is New 90 Day High Low • Feb 22
New 90-day low: JP¥2,059 The company is down 6.0% from its price of JP¥2,199 on 24 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 6.0% over the same period.