Announcement • Jun 13
Ain Holdings Inc. Proposes Dividend for the Year Ended April 30, 2026, Scheduled Payment of Dividends on July 31, 2026 Ain Holdings Inc. proposed dividend for the year ended April 30, 2026 of ¥100.00 per share against ¥80.00 per share a year ago. Date of the ordinary general meeting of shareholders on July 30, 2026. Date of scheduled payment of dividends on July 31, 2026. Reported Earnings • Jun 12
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥492 (up from JP¥264 in FY 2025). Revenue: JP¥647.8b (up 42% from FY 2025). Net income: JP¥17.3b (up 86% from FY 2025). Profit margin: 2.7% (up from 2.0% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 23%. Revenue is forecast to grow 7.5% 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 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jun 12
Ain Holdings Inc., Annual General Meeting, Jul 30, 2026 Ain Holdings Inc., Annual General Meeting, Jul 30, 2026. Live News • Jun 01
Ain Holdings Ups Profit Forecast and Plans ¥100 Dividend on Sakura Pharmacy Integration Ain Holdings raised its full-year earnings forecast for fiscal 2026, citing stronger margins in its pharmacy business.
The company reported that the integration of Sakura Pharmacy Group is progressing smoothly, supporting the upgraded profit outlook.
Management also lifted its year-end dividend forecast to ¥100 per share, indicating a higher planned cash return to shareholders.
The combination of a higher profit outlook and a planned dividend of ¥100 per share signals management’s confidence in the current business mix and the added scale from Sakura Pharmacy Group.
Investors should still watch how well the Sakura integration holds up over time, since any operational issues or cost pressures could affect both margins and the company’s ability to sustain the higher dividend. Board Change • May 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Outside Director Nobumichi Hattori was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • May 09
Ain Holdings Inc. to Report Fiscal Year 2026 Results on Jun 11, 2026 Ain Holdings Inc. announced that they will report fiscal year 2026 results on Jun 11, 2026 Reported Earnings • Dec 14
Second quarter 2026 earnings: EPS misses analyst expectations Second quarter 2026 results: EPS: JP¥73.02 (up from JP¥44.82 in 2Q 2025). Revenue: JP¥166.9b (up 50% from 2Q 2025). Net income: JP¥2.56b (up 63% from 2Q 2025). Profit margin: 1.5% (up from 1.4% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 10% 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 increased by 6% per year whereas the company’s share price has increased by 2% per year. Declared Dividend • Dec 13
Dividend of JP¥80.00 announced Dividend of JP¥80.00 is the same as last year. Ex-date: 28th April 2026 Payment date: 31st July 2026 Dividend yield will be 1.2%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 60% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 25
Ain Holdings Inc. to Report Q2, 2026 Results on Dec 11, 2025 Ain Holdings Inc. announced that they will report Q2, 2026 results on Dec 11, 2025 Price Target Changed • Sep 18
Price target increased by 8.2% to JP¥7,100 Up from JP¥6,560, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥6,967. Stock is up 34% over the past year. The company is forecast to post earnings per share of JP¥365 for next year compared to JP¥264 last year. Reported Earnings • Sep 12
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: JP¥55.01 (up from JP¥46.91 in 1Q 2025). Revenue: JP¥133.0b (up 28% from 1Q 2025). Net income: JP¥1.93b (up 18% from 1Q 2025). Profit margin: 1.5% (down from 1.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 8.2%. Earnings per share (EPS) missed analyst estimates by 9.9%. Revenue is forecast to grow 11% 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 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Aug 12
Hard Off Corporation Co.,Ltd. (TSE:2674) proposed to acquire 84.04% stake in ECONOS Co., Ltd. (SPSE:3136) from Bookoff Group Holdings Limited (TSE:9278), Yamamoto Asset Co.,Ltd. and Ain Holdings Inc. (TSE:9627) for ¥1.6 billion. Hard Off Corporation Co.,Ltd. (TSE:2674) proposed to acquire 84.04% stake in ECONOS Co., Ltd. (SPSE:3136) from Bookoff Group Holdings Limited (TSE:9278), Yamamoto Asset Co.,Ltd. and Ain Holdings Inc. (TSE:9627) for ¥1.6 billion on August 12, 2025. A cash consideration valued at ¥1410 per share will be paid by Hard Off Corporation Co.,Ltd.
The transaction is subject to approval of merger agreement by target board. The deal has been approved by the board. The expected completion of the transaction is September 25, 2025. Hard Off Corporation Co.,Ltd. appointed financial advisor Okasan Securities Co., Ltd. as a third-party valuation firm, Shibata, Suzuki & Nakada as a legal advisor, and ykr accounting advisory LLC as a financial due diligence provider. Plutus Consulting Co., Ltd. acted as financial advisor and City-Yuwa Partners acted as legal advisor to ECONOS Co., Ltd. Reported Earnings • Aug 02
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥264 (down from JP¥325 in FY 2024). Revenue: JP¥456.8b (up 14% from FY 2024). Net income: JP¥9.26b (down 19% from FY 2024). Profit margin: 2.0% (down from 2.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 12% 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 but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jul 26
Ain Holdings Inc. to Report Q1, 2026 Results on Sep 11, 2025 Ain Holdings Inc. announced that they will report Q1, 2026 results on Sep 11, 2025 Announcement • Jun 26
Ain Holdings Inc. Announces the Retirement of Koichi Kawamura as Standing Corporate Auditor Ain Holdings Inc. at its Board of Directors meeting held on June 26, 2025, has announced the retirement of Koichi Kawamura as Standing Corporate Auditor. Reason for retirement: Resignation from the position at the conclusion of this General Meeting of Shareholders. Price Target Changed • Jun 19
Price target increased by 11% to JP¥6,100 Up from JP¥5,475, the current price target is an average from 4 analysts. New target price is 13% above last closing price of JP¥5,386. Stock is down 8.0% over the past year. The company is forecast to post earnings per share of JP¥345 for next year compared to JP¥264 last year. Price Target Changed • Jun 18
Price target increased by 7.1% to JP¥5,650 Up from JP¥5,275, the current price target is an average from 4 analysts. New target price is 5.5% above last closing price of JP¥5,353. Stock is down 9.9% over the past year. The company is forecast to post earnings per share of JP¥340 for next year compared to JP¥264 last year. Buy Or Sell Opportunity • Jun 06
Now 26% undervalued Over the last 90 days, the stock has risen 8.8% to JP¥5,045. The fair value is estimated to be JP¥6,842, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • May 29
Ain Holdings Inc. (TSE:9627) agreed to acquire Kraft Inc. from NSSK Sakura Target L.P. and KCP Equity Assist No. 1 Investment Fund a fund managed by Kiraboshi Capital Corporation for ¥59.1 billion. Ain Holdings Inc. (TSE:9627) agreed to acquire Kraft Inc. from NSSK Sakura Target L.P. and KCP Equity Assist No. 1 Investment Fund a fund managed by Kiraboshi Capital Corporation for ¥59.1 billion on May 28, 2025. As part of consideration, ¥59.1 billion is paid towards common equity of Kraft Inc. This acquisition of shares will make the Sakura Pharmacy Co., Ltd. a subsidiary of the Company.
The expected completion of the transaction is until August, 2025. Buy Or Sell Opportunity • May 13
Now 20% undervalued Over the last 90 days, the stock has risen 20% to JP¥5,461. The fair value is estimated to be JP¥6,857, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • Apr 24
Ain Holdings Inc. to Report Fiscal Year 2025 Results on Jun 05, 2025 Ain Holdings Inc. announced that they will report fiscal year 2025 results on Jun 05, 2025 Upcoming Dividend • Apr 21
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 28 April 2025. Payment date: 31 July 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (1.8%). Reported Earnings • Mar 11
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥118 (up from JP¥98.85 in 3Q 2024). Revenue: JP¥122.0b (up 19% from 3Q 2024). Net income: JP¥4.15b (up 19% from 3Q 2024). Profit margin: 3.4% (in line with 3Q 2024). Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 44%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Price Target Changed • Jan 27
Price target decreased by 7.6% to JP¥5,135 Down from JP¥5,560, the current price target is an average from 4 analysts. New target price is 11% above last closing price of JP¥4,625. Stock is down 4.0% over the past year. The company is forecast to post earnings per share of JP¥276 for next year compared to JP¥325 last year. Announcement • Jan 25
Ain Holdings Inc. to Report Q3, 2025 Results on Mar 10, 2025 Ain Holdings Inc. announced that they will report Q3, 2025 results on Mar 10, 2025 Reported Earnings • Dec 11
Second quarter 2025 earnings released: EPS: JP¥44.82 (vs JP¥88.72 in 2Q 2024) Second quarter 2025 results: EPS: JP¥44.82 (down from JP¥88.72 in 2Q 2024). Revenue: JP¥111.3b (up 12% from 2Q 2024). Net income: JP¥1.57b (down 50% from 2Q 2024). Profit margin: 1.4% (down from 3.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% 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 15% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • Dec 09
Dividend of JP¥80.00 announced Shareholders will receive a dividend of JP¥80.00. Ex-date: 28th April 2025 Payment date: 31st July 2025 Dividend yield will be 1.8%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 24
Ain Holdings Inc. to Report Q2, 2025 Results on Dec 06, 2024 Ain Holdings Inc. announced that they will report Q2, 2025 results on Dec 06, 2024 Reported Earnings • Sep 06
First quarter 2025 earnings released: EPS: JP¥46.91 (vs JP¥60.92 in 1Q 2024) First quarter 2025 results: EPS: JP¥46.91 (down from JP¥60.92 in 1Q 2024). Revenue: JP¥103.6b (up 9.5% from 1Q 2024). Net income: JP¥1.64b (down 23% from 1Q 2024). Profit margin: 1.6% (down from 2.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.8% 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 18% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 04
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥325 (up from JP¥263 in FY 2023). Revenue: JP¥399.8b (up 12% from FY 2023). Net income: JP¥11.4b (up 24% from FY 2023). Profit margin: 2.9% (up from 2.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.9%. Revenue is forecast to grow 6.6% 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 18% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jul 24
Ain Holdings Inc. to Report Q1, 2025 Results on Sep 04, 2024 Ain Holdings Inc. announced that they will report Q1, 2025 results on Sep 04, 2024 Announcement • Jul 10
Oasis Management Sends a Letter to Ain Holdings On July 9, 2024, Oasis Management Company Ltd announced that it has sent an open letter to Ain Holdings Inc, sending a questionnaire to Company’s management and board of corporate auditors following the Company’s inadequate response to its recent scandal at KKR Sapporo Medical Center, where 2 directors from the Company and one of its subsidiaries were arrested and found guilty by a court of first instance, is yet another example of the poor corporate governance at the Company. In addition, Oasis Management condemns Company’s recent acquisition of Francfranc at an extremely high valuation in what appears to be a serious conflict of interest with 7 & I, and Oasis Management reiterates its recommendations to Ain shareholders to vote against Shigeki Kimura and to vote for its proposals to improve Company’s governance in the interest of all stakeholders, vote for dismissal of incumbent board directors Shigeru Yamazoe and Junro Ito, and vote for the election of 4 new outside board director candidates Yoshitake, Maeda, Dmitrenko, and Shinmori, at the 2024 annual meeting of shareholders. Announcement • Jul 04
Ain Holdings Inc. (TSE:9627) agreed to acquire Francfranc Corporation from Seven & i Holdings Co., Ltd. (TSE:3382), Japan Growth Investments Alliance, Inc. and BLUE WEDGE LIMITED for ¥49.98 billion. Ain Holdings Inc. (TSE:9627) agreed to acquire Francfranc Corporation from Seven & i Holdings Co., Ltd. (TSE:3382), Japan Growth Investments Alliance, Inc. and BLUE WEDGE LIMITED for ¥49.98 billion on July 3, 2024. As part of acquisition, 47,987 shares will be acquired. Ain Holdings board approved the deal. The transaction is expected to complete on August 20, 2024. Reported Earnings • Jun 08
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥325 (up from JP¥263 in FY 2023). Revenue: JP¥399.8b (up 12% from FY 2023). Net income: JP¥11.4b (up 24% from FY 2023). Profit margin: 2.9% (up from 2.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.9%. Revenue is forecast to grow 6.5% 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 18% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Apr 27
Ain Holdings Inc. to Report Fiscal Year 2024 Results on Jun 06, 2024 Ain Holdings Inc. announced that they will report fiscal year 2024 results on Jun 06, 2024 Upcoming Dividend • Apr 19
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 31 July 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.6%). Announcement • Mar 18
Ain Holdings Inc.(TSE:9627) dropped from FTSE All-World Index (USD) Ain Holdings Inc.(TSE:9627) dropped from FTSE All-World Index (USD) Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥5,428, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Consumer Retailing industry in Japan. Total loss to shareholders of 21% over the past three years. Reported Earnings • Mar 03
Third quarter 2024 earnings released: EPS: JP¥98.85 (vs JP¥80.39 in 3Q 2023) Third quarter 2024 results: EPS: JP¥98.85 (up from JP¥80.39 in 3Q 2023). Revenue: JP¥102.6b (up 11% from 3Q 2023). Net income: JP¥3.47b (up 23% from 3Q 2023). Profit margin: 3.4% (up from 3.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Price Target Changed • Feb 23
Price target decreased by 13% to JP¥5,130 Down from JP¥5,866, the current price target is an average from 4 analysts. New target price is 9.2% above last closing price of JP¥4,697. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥295 for next year compared to JP¥263 last year. Announcement • Jan 26
Ain Holdings Inc. to Report Q3, 2024 Results on Mar 01, 2024 Ain Holdings Inc. announced that they will report Q3, 2024 results on Mar 01, 2024 Reported Earnings • Dec 08
Second quarter 2024 earnings released: EPS: JP¥88.72 (vs JP¥59.78 in 2Q 2023) Second quarter 2024 results: EPS: JP¥88.72 (up from JP¥59.78 in 2Q 2023). Revenue: JP¥99.1b (up 10% from 2Q 2023). Net income: JP¥3.12b (up 48% from 2Q 2023). Profit margin: 3.1% (up from 2.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Oct 21
Ain Holdings Inc. to Report Q2, 2024 Results on Dec 06, 2023 Ain Holdings Inc. announced that they will report Q2, 2024 results on Dec 06, 2023 Price Target Changed • Sep 12
Price target decreased by 9.5% to JP¥5,660 Down from JP¥6,251, the current price target is an average from 7 analysts. New target price is 25% above last closing price of JP¥4,537. Stock is down 33% over the past year. The company is forecast to post earnings per share of JP¥269 for next year compared to JP¥263 last year. Reported Earnings • Aug 02
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥263 (up from JP¥201 in FY 2022). Revenue: JP¥358.7b (up 13% from FY 2022). Net income: JP¥9.23b (up 30% from FY 2022). Profit margin: 2.6% (up from 2.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to grow 6.8% 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 increased by 2% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jul 24
Ain Holdings Inc. to Report Q1, 2024 Results on Sep 01, 2023 Ain Holdings Inc. announced that they will report Q1, 2024 results on Sep 01, 2023 New Risk • Jun 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥4,940, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Consumer Retailing industry in Japan. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥7,845 per share. Reported Earnings • Jun 04
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥263 (up from JP¥201 in FY 2022). Revenue: JP¥358.7b (up 13% from FY 2022). Net income: JP¥9.23b (up 30% from FY 2022). Profit margin: 2.6% (up from 2.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 20
Upcoming dividend of JP¥60.00 per share at 1.1% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 31 July 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.7%). Reported Earnings • Mar 04
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: JP¥80.39 (down from JP¥82.28 in 3Q 2022). Revenue: JP¥92.7b (up 14% from 3Q 2022). Net income: JP¥2.82b (down 2.4% from 3Q 2022). Profit margin: 3.0% (down from 3.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 4.5%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 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 4% per year whereas the company’s share price has fallen by 2% per year. Announcement • Jan 21
Ain Holdings Inc. to Report Q3, 2023 Results on Mar 03, 2023 Ain Holdings Inc. announced that they will report Q3, 2023 results on Mar 03, 2023 Reported Earnings • Dec 04
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: JP¥59.78 (up from JP¥57.60 in 2Q 2022). Revenue: JP¥89.7b (up 15% from 2Q 2022). Net income: JP¥2.10b (up 3.5% from 2Q 2022). Profit margin: 2.3% (down from 2.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 9.0% 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 fallen by 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings. 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. 6 experienced directors. 6 highly experienced directors. 4 independent directors (8 non-independent directors). Independent Outside Director Junro Ito was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Oct 26
Ain Holdings Inc. to Report Q2, 2023 Results on Dec 02, 2022 Ain Holdings Inc. announced that they will report Q2, 2023 results on Dec 02, 2022 Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥6,410, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Consumer Retailing industry in Japan. Total returns to shareholders of 6.8% over the past three years.