Reported Earnings • Jul 13
First quarter 2027 earnings released: JP¥79.57 loss per share (vs JP¥5.21 loss in 1Q 2026) First quarter 2027 results: JP¥79.57 loss per share (further deteriorated from JP¥5.21 loss in 1Q 2026). Revenue: JP¥24.9b (up 5.0% from 1Q 2026). Net loss: JP¥2.31b (loss widened JP¥2.16b from 1Q 2026). Revenue is forecast to stay flat during the next 2 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 fallen by 62% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Declared Dividend • Jun 12
Final dividend of JP¥10.00 announced Dividend of JP¥10.00 is the same as last year. Ex-date: 28th August 2026 Payment date: 12th November 2026 Dividend yield will be 1.1%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • May 26
MINISTOP Co., Ltd. to Report Q1, 2027 Results on Jul 08, 2026 MINISTOP Co., Ltd. announced that they will report Q1, 2027 results at 9:00 AM, Tokyo Standard Time on Jul 08, 2026 Reported Earnings • Apr 10
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: JP¥194 loss per share (improved from JP¥234 loss in FY 2025). Revenue: JP¥91.8b (up 4.9% from FY 2025). Net loss: JP¥5.63b (loss narrowed 17% from FY 2025). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 6.1%. Revenue is forecast to grow 1.2% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Announcement • Apr 08
MINISTOP Co., Ltd., Annual General Meeting, May 22, 2026 MINISTOP Co., Ltd., Annual General Meeting, May 22, 2026. Announcement • Mar 25
MINISTOP Co., Ltd. to Report Fiscal Year 2026 Results on Apr 08, 2026 MINISTOP Co., Ltd. announced that they will report fiscal year 2026 results on Apr 08, 2026 Upcoming Dividend • Feb 19
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 01 May 2026. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.5%). New Risk • Jan 29
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: JP¥7.0b Forecast net loss in 2 years: JP¥474m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Reported Earnings • Jan 09
Third quarter 2026 earnings released: JP¥90.35 loss per share (vs JP¥40.33 loss in 3Q 2025) Third quarter 2026 results: JP¥90.35 loss per share (further deteriorated from JP¥40.33 loss in 3Q 2025). Revenue: JP¥21.3b (down 3.4% from 3Q 2025). Net loss: JP¥2.62b (loss widened 124% from 3Q 2025). Revenue is forecast to grow 1.6% 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, the company's share price growth rate has exceeded its earnings growth rate by 131 percentage points per year, which is a significant difference in performance. Announcement • Jan 08
MINISTOP Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2026 MINISTOP Co., Ltd. revised consolidated earnings guidance for the fiscal year ending February 28, 2026. For the year, the company now expects gross operating revenue of JPY 97,000 million, operating loss of JPY 3,500 million, loss attributable to owners of parent of JPY 6000 million and basic loss per share of JPY 206.84 against previous guidance of gross operating revenue of JPY 97,000 million, operating profit of JPY 1,200 million, Profit attributable to owners of parent of JPY 70 million and basic earnings per share of JPY 2.41. Due to the improper labeling of expiration dates on hand-made rice balls and other items produced and sold in MINISTO stores, the Company temporarily suspended the sale of these products at all stores. This has led to a decline in sales of the products and related purchases. Additionally, expenses have increased as the Company takes steps to prevent a recurrence and to create safe and secure kitchen environments. As a result, the financial results for the fiscal year ending February 28, 2026, are expected to be lower than the previous forecast. Announcement • Dec 20
MINISTOP Co., Ltd. to Report Q3, 2026 Results on Jan 08, 2026 MINISTOP Co., Ltd. announced that they will report Q3, 2026 results on Jan 08, 2026 Declared Dividend • Nov 13
First half dividend of JP¥10.00 announced Dividend of JP¥10.00 is the same as last year. Ex-date: 26th February 2026 Payment date: 1st May 2026 Dividend yield will be 1.0%, which is lower than the industry average of 1.6%. Reported Earnings • Oct 09
Second quarter 2026 earnings released: EPS: JP¥22.51 (vs JP¥15.55 in 2Q 2025) Second quarter 2026 results: EPS: JP¥22.51 (up from JP¥15.55 in 2Q 2025). Revenue: JP¥25.0b (up 4.4% from 2Q 2025). Net income: JP¥653.0m (up 45% from 2Q 2025). Profit margin: 2.6% (up from 1.9% in 2Q 2025). Revenue is forecast to grow 1.5% 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, the company's share price growth rate has exceeded its earnings growth rate by 137 percentage points per year, which is a significant difference in performance. Board Change • Aug 28
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Full-Time Audit & Supervisory Board Member Tsutomu Taniguchi was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Aug 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 10 November 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.6%). Announcement • Aug 15
MINISTOP Co., Ltd. to Report Q2, 2026 Results on Oct 08, 2025 MINISTOP Co., Ltd. announced that they will report Q2, 2026 results on Oct 08, 2025 Reported Earnings • Jul 12
First quarter 2026 earnings released: JP¥5.21 loss per share (vs JP¥39.13 loss in 1Q 2025) First quarter 2026 results: JP¥5.21 loss per share (improved from JP¥39.13 loss in 1Q 2025). Revenue: JP¥23.7b (up 15% from 1Q 2025). Net loss: JP¥151.0m (loss narrowed 87% from 1Q 2025). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 129 percentage points per year, which is a significant difference in performance. Declared Dividend • Jun 18
Final dividend of JP¥10.00 announced Dividend of JP¥10.00 is the same as last year. Ex-date: 28th August 2025 Payment date: 10th November 2025 Dividend yield will be 1.1%, which is lower than the industry average of 1.6%. Reported Earnings • Jun 04
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: JP¥234 loss per share (further deteriorated from JP¥16.13 loss in FY 2024). Revenue: JP¥87.5b (up 11% from FY 2024). Net loss: JP¥6.77b (loss widened JP¥6.31b from FY 2024). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 171%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Announcement • May 22
MINISTOP Co., Ltd. to Report Q1, 2026 Results on Jul 09, 2025 MINISTOP Co., Ltd. announced that they will report Q1, 2026 results on Jul 09, 2025 Announcement • Apr 16
MINISTOP Co., Ltd. Announces Board Changes, Effective May 16, 2025 MINISTOP Co., Ltd. announced that Takeshi Miyazaki, Director, Keiji Kamio, Part-time Director and Takahisa Yamakawa, Outside Director are retiring due to the expiration of the term. Satoshi Asakura, Full-Time Audit & Supervisory Board Member is resigning office (as of May 16, 2025). Reported Earnings • Apr 11
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: JP¥234 loss per share (further deteriorated from JP¥16.13 loss in FY 2024). Revenue: JP¥87.5b (up 11% from FY 2024). Net loss: JP¥6.77b (loss widened JP¥6.31b from FY 2024). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 171%. Revenue is expected to decline by 1.3% p.a. on average during the next 2 years, while revenues in the Consumer Retailing industry in Japan are expected to grow by 1.5%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Announcement • Apr 10
MINISTOP Co., Ltd., Annual General Meeting, May 16, 2025 MINISTOP Co., Ltd., Annual General Meeting, May 16, 2025. Announcement • Mar 22
MINISTOP Co., Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2025 MINISTOP Co., Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2025 Upcoming Dividend • Feb 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 02 May 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.6%). Announcement • Jan 31
MINISTOP Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2025 MINISTOP Co., Ltd. provided consolidated earnings guidance for the fiscal year ending February 28, 2025. For the year, the company expected gross operating revenue of JPY 90,000 million, Operating loss of JPY 2,300 million, Loss attributable to owners of parent of JPY 2,500 million and Basic Loss per share of JPY 86.18. Major Estimate Revision • Jan 18
Consensus EPS estimates fall by 61%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from JP¥86.5b to JP¥88.5b. Forecast EPS reduced from -JP¥53.40 to -JP¥86.20 per share. Consumer Retailing industry in Japan expected to see average net income growth of 11% next year. Consensus price target of JP¥1,300 unchanged from last update. Share price fell 2.0% to JP¥1,644 over the past week. Reported Earnings • Jan 15
Third quarter 2025 earnings released: JP¥40.33 loss per share (vs JP¥10.00 loss in 3Q 2024) Third quarter 2025 results: JP¥40.33 loss per share (further deteriorated from JP¥10.00 loss in 3Q 2024). Revenue: JP¥22.1b (up 12% from 3Q 2024). Net loss: JP¥1.17b (loss widened 303% from 3Q 2024). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Nov 30
MINISTOP Co., Ltd. to Report Q3, 2025 Results on Jan 10, 2025 MINISTOP Co., Ltd. announced that they will report Q3, 2025 results on Jan 10, 2025 New Risk • Nov 10
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: JP¥1.8b Forecast net loss in 2 years: JP¥528m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. This is currently the only risk that has been identified for the company. Declared Dividend • Nov 09
First half dividend of JP¥10.00 announced Dividend of JP¥10.00 is the same as last year. Ex-date: 27th February 2025 Payment date: 2nd May 2025 Dividend yield will be 1.1%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (11% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Upcoming Dividend • Aug 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 08 November 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%). Announcement • Jul 30
MINISTOP Co., Ltd. to Report Q2, 2025 Results on Oct 09, 2024 MINISTOP Co., Ltd. announced that they will report Q2, 2025 results on Oct 09, 2024 Major Estimate Revision • Jul 19
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥86.0b to JP¥84.5b. Now expected to report a loss of JP¥15.50 per share instead of JP¥2.40 per share profit previously forecast. Consumer Retailing industry in Japan expected to see average net income growth of 9.6% next year. Consensus price target of JP¥1,300 unchanged from last update. Share price was steady at JP¥1,670 over the past week. Reported Earnings • Jul 12
First quarter 2025 earnings released: JP¥39.13 loss per share (vs JP¥10.76 loss in 1Q 2024) First quarter 2025 results: JP¥39.13 loss per share (further deteriorated from JP¥10.76 loss in 1Q 2024). Revenue: JP¥20.6b (up 5.3% from 1Q 2024). Net loss: JP¥1.14b (loss widened 264% from 1Q 2024). Revenue is forecast to grow 9.5% 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 increased by 21% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jun 06
Final dividend of JP¥10.00 announced Dividend of JP¥10.00 is the same as last year. Ex-date: 29th August 2024 Payment date: 8th November 2024 Dividend yield will be 1.2%, which is lower than the industry average of 1.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Reported Earnings • Jun 01
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: JP¥16.13 loss per share (down from JP¥442 profit in FY 2023). Revenue: JP¥79.1b (down 2.7% from FY 2023). Net loss: JP¥468.0m (down 104% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 01
MINISTOP Co., Ltd. to Report Q1, 2025 Results on Jul 10, 2024 MINISTOP Co., Ltd. announced that they will report Q1, 2025 results on Jul 10, 2024 Announcement • Apr 12
MINISTOP Co., Ltd., Annual General Meeting, May 24, 2024 MINISTOP Co., Ltd., Annual General Meeting, May 24, 2024. Reported Earnings • Apr 11
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: JP¥16.13 loss per share (down from JP¥442 profit in FY 2023). Revenue: JP¥79.1b (down 2.7% from FY 2023). Net loss: JP¥468.0m (down 104% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 3.9% p.a. on average during the next 2 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 42% 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 • Feb 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 30 April 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.5%). Announcement • Feb 17
MINISTOP Co., Ltd. to Report Fiscal Year 2024 Results on Apr 10, 2024 MINISTOP Co., Ltd. announced that they will report fiscal year 2024 results on Apr 10, 2024 Reported Earnings • Jan 13
Third quarter 2024 earnings released: JP¥10.00 loss per share (vs JP¥15.75 loss in 3Q 2023) Third quarter 2024 results: JP¥10.00 loss per share (improved from JP¥15.75 loss in 3Q 2023). Revenue: JP¥19.8b (down 2.7% from 3Q 2023). Net loss: JP¥290.0m (loss narrowed 37% from 3Q 2023). Revenue is forecast to grow 4.3% 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 56% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Nov 18
MINISTOP Co., Ltd. to Report Q3, 2024 Results on Jan 11, 2024 MINISTOP Co., Ltd. announced that they will report Q3, 2024 results on Jan 11, 2024 Major Estimate Revision • Nov 09
Consensus EPS estimates upgraded to JP¥12.07 loss, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from JP¥82.0b to JP¥80.0b. 2024 losses expected to reduce from -JP¥15.51 to -JP¥12.07 per share. Consumer Retailing industry in Japan expected to see average net income growth of 8.1% next year. Consensus price target of JP¥1,300 unchanged from last update. Share price was steady at JP¥1,511 over the past week. Reported Earnings • Oct 12
Second quarter 2024 earnings released: EPS: JP¥31.54 (vs JP¥27.75 in 2Q 2023) Second quarter 2024 results: EPS: JP¥31.54 (up from JP¥27.75 in 2Q 2023). Revenue: JP¥21.2b (down 4.1% from 2Q 2023). Net income: JP¥915.0m (up 14% from 2Q 2023). Profit margin: 4.3% (up from 3.6% in 2Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Aug 31
MINISTOP Co., Ltd. to Report Q2, 2024 Results on Oct 11, 2023 MINISTOP Co., Ltd. announced that they will report Q2, 2024 results on Oct 11, 2023 Upcoming Dividend • Aug 23
Upcoming dividend of JP¥10.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 08 November 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.6%). Reported Earnings • Jul 16
First quarter 2024 earnings released: JP¥10.76 loss per share (vs JP¥491 profit in 1Q 2023) First quarter 2024 results: JP¥10.76 loss per share (down from JP¥491 profit in 1Q 2023). Revenue: JP¥19.5b (down 5.0% from 1Q 2023). Net loss: JP¥312.0m (down 102% from profit in 1Q 2023). Revenue is forecast to grow 4.9% 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 82% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jun 04
MINISTOP Co., Ltd. to Report Q1, 2024 Results on Jul 12, 2023 MINISTOP Co., Ltd. announced that they will report Q1, 2024 results on Jul 12, 2023 Major Estimate Revision • May 24
Consensus EPS estimates upgraded to JP¥17.24 loss, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from JP¥82.8b to JP¥81.5b. 2024 losses expected to reduce from -JP¥24.47 to -JP¥17.24 per share. Consumer Retailing industry in Japan expected to see average net income growth of 5.7% next year. Consensus price target of JP¥1,300 unchanged from last update. Share price was steady at JP¥1,443 over the past week. Reported Earnings • Apr 13
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥442 (up from JP¥133 loss in FY 2022). Revenue: JP¥81.3b (down 56% from FY 2022). Net income: JP¥12.8b (up JP¥16.7b from FY 2022). Profit margin: 16% (up from net loss in FY 2022). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 21%. Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 1.7% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥10.00 per share at 1.4% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 27 April 2023. Payout ratio is a comfortable 4.0% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%). Announcement • Feb 10
MINISTOP Co., Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2023 MINISTOP Co., Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2023 Reported Earnings • Jan 12
Third quarter 2023 earnings released: JP¥15.75 loss per share (vs JP¥30.92 loss in 3Q 2022) Third quarter 2023 results: JP¥15.75 loss per share (improved from JP¥30.92 loss in 3Q 2022). Revenue: JP¥20.3b (down 56% from 3Q 2022). Net loss: JP¥457.0m (loss narrowed 49% from 3Q 2022). Revenue is expected to decline by 5.8% p.a. on average during the next 3 years, while revenues in the Consumer Retailing industry in Japan are expected to grow by 2.1%. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jan 12
MINISTOP Co., Ltd. to Report Q3, 2023 Results on Jan 11, 2023 MINISTOP Co., Ltd. announced that they will report Q3, 2023 results on Jan 11, 2023 Board Change • Nov 16
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, 1 was an independent director. The company's board is composed of: 4 independent directors. 6 non-independent directors. Outside Independent Director Shingo Kagawa was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 06
Second quarter 2023 earnings released: EPS: JP¥27.75 (vs JP¥38.02 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥27.75 (up from JP¥38.02 loss in 2Q 2022). Revenue: JP¥22.1b (down 55% from 2Q 2022). Net income: JP¥805.0m (up JP¥1.91b from 2Q 2022). Profit margin: 3.6% (up from net loss in 2Q 2022). Revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Consumer Retailing industry in Japan are expected to grow by 2.4%. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 29
MINISTOP Co., Ltd. to Report Q2, 2023 Results on Oct 05, 2022 MINISTOP Co., Ltd. announced that they will report Q2, 2023 results on Oct 05, 2022 Upcoming Dividend • Aug 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 08 November 2022. Payout ratio is a comfortable 4.7% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%). Reported Earnings • Jul 08
First quarter 2023 earnings released: EPS: JP¥491 (vs JP¥63.74 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥491 (up from JP¥63.74 loss in 1Q 2022). Revenue: JP¥20.6b (down 56% from 1Q 2022). Net income: JP¥14.3b (up JP¥16.1b from 1Q 2022). Profit margin: 69% (up from net loss in 1Q 2022). Over the next year, revenue is expected to shrink by 50% compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jun 11
MINISTOP Co., Ltd. to Report Q1, 2023 Results on Jul 06, 2022 MINISTOP Co., Ltd. announced that they will report Q1, 2023 results on Jul 06, 2022 Price Target Changed • Apr 27
Price target decreased to JP¥1,300 Down from JP¥1,400, the current price target is provided by 1 analyst. New target price is 6.1% below last closing price of JP¥1,385. Stock is down 2.6% over the past year. The company is forecast to post a net loss per share of JP¥44.81 next year compared to a net loss per share of JP¥133 last year. Board Change • Apr 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, none were independent directors. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent External Director Takahisa Yamakawa was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 10
MINISTOP Co., Ltd., Annual General Meeting, May 20, 2022 MINISTOP Co., Ltd., Annual General Meeting, May 20, 2022. Reported Earnings • Apr 10
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: JP¥133 loss per share (up from JP¥223 loss in FY 2021). Revenue: JP¥183.7b (up 1.9% from FY 2021). Net loss: JP¥3.87b (loss narrowed 40% from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is expected to shrink by 57% compared to a 12% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Buying Opportunity • Mar 18
Now 21% undervalued Over the last 90 days, the stock is up 2.6%. The fair value is estimated to be JP¥1,817, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.9% per annum over the last 3 years. Earnings per share has declined by 41% per annum over the last 3 years. Buying Opportunity • Feb 21
Now 21% undervalued Over the last 90 days, the stock is up 3.1%. The fair value is estimated to be JP¥1,817, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.9% per annum over the last 3 years. Earnings per share has declined by 41% per annum over the last 3 years. Upcoming Dividend • Feb 18
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 28 April 2022. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.6%). Breakeven Date Change • Feb 02
Forecast to breakeven in 2022 The analyst covering MINISTOP expects the company to break even for the first time. New forecast suggests the company will make a profit of JP¥9.20b in 2022. Reported Earnings • Jan 13
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: JP¥30.92 loss per share (down from JP¥10.07 loss in 3Q 2021). Revenue: JP¥46.3b (flat on 3Q 2021). Net loss: JP¥897.0m (loss widened 207% from 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 58%. Earnings per share (EPS) surpassed analyst estimates by 58%. Over the next year, revenue is forecast to grow 2.9%, compared to a 28% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 07
Second quarter 2022 earnings released: JP¥38.02 loss per share (vs JP¥17.06 loss in 2Q 2021) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥48.8b (up 2.6% from 2Q 2021). Net loss: JP¥1.10b (loss widened 123% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 06 November 2021. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.1%). In line with average of industry peers (1.4%). Reported Earnings • Jul 11
First quarter 2022 earnings released: JP¥63.74 loss per share (vs JP¥74.46 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥46.5b (up 4.9% from 1Q 2021). Net loss: JP¥1.85b (loss narrowed 14% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. 
