ARCS Company Limited

TSE:9948 Stock Report

Market Cap: JP¥179.8b

ARCS Future Growth

Future criteria checks 1/6

ARCS is forecast to grow earnings and revenue by 5.6% and 3.1% per annum respectively. EPS is expected to grow by 6% per annum. Return on equity is forecast to be 6.5% in 3 years.

Key information

5.6%

Earnings growth rate

5.96%

EPS growth rate

Consumer Retailing earnings growth10.7%
Revenue growth rate3.1%
Future return on equity6.50%
Analyst coverage

Low

Last updated01 May 2026

Recent future growth updates

Recent updates

Analysis Article • Feb 06

An Intrinsic Calculation For ARCS Company Limited (TSE:9948) Suggests It's 39% Undervalued

Key Insights ARCS' estimated fair value is JP¥5,946 based on 2 Stage Free Cash Flow to Equity ARCS is estimated to be...
Analysis Article • Apr 08

Subdued Growth No Barrier To ARCS Company Limited's (TSE:9948) Price

With a median price-to-earnings (or "P/E") ratio of close to 12x in Japan, you could be forgiven for feeling...
Analysis Article • Feb 06

ARCS' (TSE:9948) Dividend Will Be ¥38.00

ARCS Company Limited's ( TSE:9948 ) investors are due to receive a payment of ¥38.00 per share on 28th of May. The...
Analysis Article • Jan 23

ARCS (TSE:9948) Will Pay A Dividend Of ¥38.00

ARCS Company Limited ( TSE:9948 ) will pay a dividend of ¥38.00 on the 28th of May. The yield is still above the...
Analysis Article • Jan 09

ARCS' (TSE:9948) Dividend Will Be ¥34.00

The board of ARCS Company Limited ( TSE:9948 ) has announced that it will pay a dividend on the 29th of May, with...

Earnings and Revenue Growth Forecasts

TSE:9948 - Analysts future estimates and past financials data (JPY Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
2/28/2029692,00014,900N/A26,1801
2/29/2028661,95013,50014,40025,4702
2/28/2027645,70012,65013,60022,9251
2/28/2026626,95712,44518,36126,302N/A
11/30/2025623,42112,51715,37123,995N/A
8/31/2025619,23711,77714,55724,395N/A
5/31/2025613,75411,19712,15124,021N/A
2/28/2025608,28411,0637,39519,384N/A
11/30/2024604,78110,90310,47723,361N/A
8/31/2024602,09610,96612,63324,108N/A
5/31/2024597,48111,42213,01422,944N/A
2/29/2024591,55711,76613,01424,052N/A
11/30/2023583,83910,08812,03821,937N/A
8/31/2023577,16110,2278,28418,909N/A
5/31/2023570,81210,0836,24515,826N/A
2/28/2023566,2099,9479,23716,989N/A
11/30/2022566,66710,0118,53316,551N/A
8/31/2022567,5679,83410,79717,119N/A
5/31/2022573,25010,29312,69218,973N/A
2/28/2022577,56810,3048,36414,215N/A
11/30/2021571,78711,08311,67816,824N/A
8/31/2021566,04811,33714,90419,615N/A
5/31/2021559,07111,60113,70519,301N/A
2/28/2021556,94612,96723,21929,047N/A
11/30/2020552,24311,19619,20528,537N/A
8/31/2020544,6939,98110,68021,768N/A
5/31/2020533,7379,23011,16322,105N/A
2/29/2020519,2186,8704,41116,584N/A
11/30/2019512,9278,722N/A10,428N/A
8/31/2019511,5359,471N/A17,240N/A
5/31/2019512,3309,692N/A16,154N/A
2/28/2019512,24610,168N/A16,186N/A
11/30/2018513,85410,289N/A17,913N/A
8/31/2018512,61110,412N/A17,658N/A
5/31/2018512,23510,331N/A16,783N/A
2/28/2018513,95510,255N/A18,087N/A
11/30/2017513,1239,313N/A16,450N/A
8/31/2017513,3689,683N/A17,613N/A
5/31/2017513,56010,101N/A18,272N/A
2/28/2017512,64510,493N/A16,257N/A
11/30/2016511,5878,671N/A18,188N/A
8/31/2016508,1558,069N/A17,441N/A
5/31/2016505,0387,468N/A12,552N/A
2/29/2016501,9056,547N/A12,757N/A
11/30/2015496,7747,221N/A10,969N/A
8/31/2015493,7518,196N/A11,010N/A
5/31/2015481,3497,924N/A17,191N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 9948's forecast earnings growth (5.6% per year) is above the savings rate (0.8%).

Earnings vs Market: 9948's earnings (5.6% per year) are forecast to grow slower than the JP market (10.1% per year).

High Growth Earnings: 9948's earnings are forecast to grow, but not significantly.

Revenue vs Market: 9948's revenue (3.1% per year) is forecast to grow slower than the JP market (5.9% per year).

High Growth Revenue: 9948's revenue (3.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 9948's Return on Equity is forecast to be low in 3 years time (6.5%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/08 01:16
End of Day Share Price 2026/05/08 00:00
Earnings2026/02/28
Annual Earnings2026/02/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

ARCS Company Limited is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Emiri ShigeokaDaiwa Securities Co. Ltd.
Kumio TomonagaJ.P. Morgan
Masafumi ShodaNomura Securities Co. Ltd.