Announcement • May 13
ARCS Company Limited to Report Q1, 2027 Results on Jul 03, 2026 ARCS Company Limited announced that they will report Q1, 2027 results on Jul 03, 2026 Reported Earnings • Apr 14
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥231 (up from JP¥205 in FY 2025). Revenue: JP¥627.0b (up 3.1% from FY 2025). Net income: JP¥12.4b (up 13% from FY 2025). Profit margin: 2.0% (up from 1.8% 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 1.9%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 5.2% 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 increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 13
ARCS Company Limited, Annual General Meeting, May 26, 2026 ARCS Company Limited, Annual General Meeting, May 26, 2026. Announcement • Apr 03
ARCS Company Limited to Report Fiscal Year 2026 Results on Apr 13, 2026 ARCS Company Limited announced that they will report fiscal year 2026 results on Apr 13, 2026 Announcement • Feb 16
ARCS Company Limited Proposes Dividend for the Fiscal Year Ending February 28, 2026, Payable on May 27, 2026 ARCS Company Limited announced that, at a meeting of the Board of Directors held on February 16, 2026, it was resolved to revise the year-end dividend forecast for the year ending February 28, 2026, to ¥43 per share, an increase of ¥6 from the most recent dividend forecast of ¥37 per share. Record date February 28, 2026. Effective date is May 27, 2026. ARCS plans to officially resolve the dividend increase upon approval at its 65th Annual General Meeting of Shareholders scheduled to be held on May 26, 2026. Reported Earnings • Jan 09
Third quarter 2026 earnings released: EPS: JP¥51.70 (vs JP¥37.88 in 3Q 2025) Third quarter 2026 results: EPS: JP¥51.70 (up from JP¥37.88 in 3Q 2025). Revenue: JP¥151.1b (up 2.8% from 3Q 2025). Net income: JP¥2.79b (up 36% from 3Q 2025). Profit margin: 1.8% (up from 1.4% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% 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 increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 28
ARCS Company Limited to Report Q3, 2026 Results on Jan 08, 2026 ARCS Company Limited announced that they will report Q3, 2026 results on Jan 08, 2026 Declared Dividend • Nov 07
First half dividend of JP¥37.00 announced Shareholders will receive a dividend of JP¥37.00. Ex-date: 26th February 2026 Payment date: 28th May 2026 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 (35% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 6.3% 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 4.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 15
Second quarter 2026 earnings released: EPS: JP¥54.00 (vs JP¥43.26 in 2Q 2025) Second quarter 2026 results: EPS: JP¥54.00 (up from JP¥43.26 in 2Q 2025). Revenue: JP¥159.4b (up 3.6% from 2Q 2025). Net income: JP¥2.92b (up 25% from 2Q 2025). Profit margin: 1.8% (up from 1.5% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% 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 7% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 14
ARCS Company Limited (TSE:9948) announces an Equity Buyback for 700,000 shares, representing 1.3% for ¥2,500 million. ARCS Company Limited (TSE:9948) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 3.57% of its issued share capital, for ¥2,500 million. The purpose of the program is to enhance shareholder returns, improve capital efficiency, and enable a flexible capital policy that responds to changes in the business environment. The program is valid till January 15, 2026. As of August 31, 2025, the company had 53,982,383 shares issued (excluding treasury stock) and 3,667,485 shares in treasury. Upcoming Dividend • Aug 21
Upcoming dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 07 November 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Announcement • Aug 01
ARCS Company Limited to Report Q2, 2026 Results on Oct 14, 2025 ARCS Company Limited announced that they will report Q2, 2026 results on Oct 14, 2025 Reported Earnings • Jul 05
First quarter 2026 earnings released: EPS: JP¥51.83 (vs JP¥49.35 in 1Q 2025) First quarter 2026 results: EPS: JP¥51.83 (up from JP¥49.35 in 1Q 2025). Revenue: JP¥154.3b (up 3.7% from 1Q 2025). Net income: JP¥2.80b (up 5.0% from 1Q 2025). Profit margin: 1.8% (in line with 1Q 2025). Revenue is forecast to grow 2.8% 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, earnings per share has increased by 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jun 18
Final dividend of JP¥37.00 announced Shareholders will receive a dividend of JP¥37.00. Ex-date: 28th August 2025 Payment date: 7th November 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is covered by both earnings (36% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 6.3% 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 9.1% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 25
ARCS Company Limited to Report Q1, 2026 Results on Jul 04, 2025 ARCS Company Limited announced that they will report Q1, 2026 results on Jul 04, 2025 Reported Earnings • Apr 15
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥205 (down from JP¥214 in FY 2024). Revenue: JP¥608.3b (up 2.8% from FY 2024). Net income: JP¥11.1b (down 6.0% from FY 2024). Profit margin: 1.8% (down from 2.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.5%. Revenue is forecast to grow 2.7% 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 6% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 14
ARCS Company Limited, Annual General Meeting, May 27, 2025 ARCS Company Limited, Annual General Meeting, May 27, 2025. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 28 May 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Price Target Changed • Feb 07
Price target increased by 9.1% to JP¥3,000 Up from JP¥2,750, the current price target is an average from 2 analysts. New target price is 10% above last closing price of JP¥2,725. Stock is down 5.8% over the past year. The company is forecast to post earnings per share of JP¥202 for next year compared to JP¥214 last year. Announcement • Feb 03
ARCS Company Limited to Report Fiscal Year 2025 Results on Apr 14, 2025 ARCS Company Limited announced that they will report fiscal year 2025 results on Apr 14, 2025 New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Reported Earnings • Jan 09
Third quarter 2025 earnings released: EPS: JP¥37.88 (vs JP¥38.58 in 3Q 2024) Third quarter 2025 results: EPS: JP¥37.88 (down from JP¥38.58 in 3Q 2024). Revenue: JP¥146.9b (up 1.9% from 3Q 2024). Net income: JP¥2.05b (down 3.0% from 3Q 2024). Profit margin: 1.4% (in line with 3Q 2024). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Announcement • Jan 09
ARCS Company Limited Provides Dividend Guidance for the Fiscal Year Ending February 28, 2025 ARCS Company Limited provided dividend guidance for the fiscal year ending February 28, 2025. For the period, the company expects to pay dividend of JPY 38.00 per share against JPY 39.00 per share paid a year ago. Declared Dividend • Nov 08
First half dividend of JP¥34.00 announced Shareholders will receive a dividend of JP¥34.00. Ex-date: 27th February 2025 Payment date: 29th 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 (50% earnings payout ratio) and cash flows (29% cash payout ratio). The dividend has increased by an average of 5.4% 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 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 26
ARCS Company Limited to Report Q3, 2025 Results on Jan 08, 2025 ARCS Company Limited announced that they will report Q3, 2025 results on Jan 08, 2025 Reported Earnings • Oct 17
Second quarter 2025 earnings released: EPS: JP¥43.26 (vs JP¥50.45 in 2Q 2024) Second quarter 2025 results: EPS: JP¥43.26 (down from JP¥50.45 in 2Q 2024). Revenue: JP¥153.9b (up 3.1% from 2Q 2024). Net income: JP¥2.34b (down 16% from 2Q 2024). Profit margin: 1.5% (down from 1.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Announcement • Oct 16
ARCS Company Limited Announces Dividend for the Second Quarter-End of the Fiscal Year Ending February 28, 2025, Payable on November 7, 2024 ARCS Company Limited announced dividend for the second quarter-end of the fiscal year ending February 28, 2025. For the period, the company announced dividend of JPY 34.00 per share against JPY 29.00 per share paid a year ago. Payable on November 7, 2024. Upcoming Dividend • Aug 22
Upcoming dividend of JP¥34.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 08 November 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Announcement • Jul 29
ARCS Company Limited to Report Q2, 2025 Results on Oct 15, 2024 ARCS Company Limited announced that they will report Q2, 2025 results on Oct 15, 2024 Reported Earnings • Jul 08
First quarter 2025 earnings released: EPS: JP¥49.35 (vs JP¥53.81 in 1Q 2024) First quarter 2025 results: EPS: JP¥49.35 (down from JP¥53.81 in 1Q 2024). Revenue: JP¥148.8b (up 4.1% from 1Q 2024). Net income: JP¥2.66b (down 11% from 1Q 2024). Profit margin: 1.8% (down from 2.1% in 1Q 2024). 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 3.3% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Declared Dividend • Jun 06
Final dividend of JP¥34.00 announced Shareholders will receive a dividend of JP¥34.00. Ex-date: 29th August 2024 Payment date: 8th November 2024 Dividend yield will be 2.5%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (28% cash payout ratio). The dividend has increased by an average of 5.4% 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 6.9% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 01
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥214 (up from JP¥177 in FY 2023). Revenue: JP¥591.6b (up 4.5% from FY 2023). Net income: JP¥11.8b (up 18% from FY 2023). Profit margin: 2.0% (up from 1.8% 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 11%. Revenue is forecast to grow 3.1% 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 fallen by 4% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Apr 29
ARCS Company Limited to Report Q1, 2025 Results on Jul 04, 2024 ARCS Company Limited announced that they will report Q1, 2025 results on Jul 04, 2024 Reported Earnings • Apr 16
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥214 (up from JP¥177 in FY 2023). Revenue: JP¥591.6b (up 4.5% from FY 2023). Net income: JP¥11.8b (up 18% from FY 2023). Profit margin: 2.0% (up from 1.8% 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 11%. Revenue is forecast to grow 2.6% p.a. on average during the next 2 years, compared to a 4.1% 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 but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Price Target Changed • Mar 07
Price target increased by 12% to JP¥2,850 Up from JP¥2,550, the current price target is an average from 2 analysts. New target price is 8.5% below last closing price of JP¥3,115. Stock is up 38% over the past year. The company is forecast to post earnings per share of JP¥194 for next year compared to JP¥177 last year. Announcement • Feb 25
ARCS Company Limited to Report Fiscal Year 2024 Results on Apr 15, 2024 ARCS Company Limited announced that they will report fiscal year 2024 results on Apr 15, 2024 Upcoming Dividend • Feb 21
Upcoming dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 24 May 2024. Payout ratio is a comfortable 32% 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 (1.5%). Reported Earnings • Jan 10
Third quarter 2024 earnings released: EPS: JP¥38.58 (vs JP¥40.14 in 3Q 2023) Third quarter 2024 results: EPS: JP¥38.58 (down from JP¥40.14 in 3Q 2023). Revenue: JP¥144.2b (up 4.9% from 3Q 2023). Net income: JP¥2.11b (down 6.2% from 3Q 2023). Profit margin: 1.5% (down from 1.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% 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 6% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Nov 27
ARCS Company Limited to Report Q3, 2024 Results on Jan 09, 2024 ARCS Company Limited announced that they will report Q3, 2024 results on Jan 09, 2024 Reported Earnings • Oct 18
Second quarter 2024 earnings released: EPS: JP¥50.45 (vs JP¥47.28 in 2Q 2023) Second quarter 2024 results: EPS: JP¥50.45 (up from JP¥47.28 in 2Q 2023). Revenue: JP¥149.3b (up 4.4% from 2Q 2023). Net income: JP¥2.79b (up 5.4% from 2Q 2023). Profit margin: 1.9% (in line with 2Q 2023). Revenue is forecast to grow 2.0% 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 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥29.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 08 November 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.6%). Announcement • Aug 18
ARCS Company Limited to Report Q2, 2024 Results on Oct 16, 2023 ARCS Company Limited announced that they will report Q2, 2024 results on Oct 16, 2023 Reported Earnings • Jul 05
First quarter 2024 earnings released: EPS: JP¥53.81 (vs JP¥51.05 in 1Q 2023) First quarter 2024 results: EPS: JP¥53.81 (up from JP¥51.05 in 1Q 2023). Revenue: JP¥142.9b (up 3.3% from 1Q 2023). Net income: JP¥3.01b (up 4.7% from 1Q 2023). Profit margin: 2.1% (in line with 1Q 2023). Revenue is forecast to grow 1.9% 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 fallen by 2% per year whereas the company’s share price has remained flat. Reported Earnings • May 30
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥177 (down from JP¥182 in FY 2022). Revenue: JP¥566.2b (down 2.0% from FY 2022). Net income: JP¥9.95b (down 3.5% from FY 2022). Profit margin: 1.8% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.2%. Revenue is forecast to grow 1.8% 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 increased by 3% per year whereas the company’s share price has increased by 4% per year. Price Target Changed • May 18
Price target increased by 10% to JP¥2,450 Up from JP¥2,225, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥2,539. Stock is up 29% over the past year. The company is forecast to post earnings per share of JP¥173 for next year compared to JP¥177 last year. Announcement • May 13
ARCS Company Limited to Report Q1, 2024 Results on Jul 04, 2023 ARCS Company Limited announced that they will report Q1, 2024 results on Jul 04, 2023 Reported Earnings • Apr 16
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥177 (down from JP¥182 in FY 2022). Revenue: JP¥566.2b (down 2.0% from FY 2022). Net income: JP¥9.95b (down 3.5% from FY 2022). Profit margin: 1.8% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.2%. Revenue is forecast to grow 1.4% p.a. on average during the next 2 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 3% per year whereas the company’s share price has increased by 6% per year. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥29.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Announcement • Feb 17
ARCS Company Limited to Report Fiscal Year 2023 Results on Apr 14, 2023 ARCS Company Limited announced that they will report fiscal year 2023 results on Apr 14, 2023 Reported Earnings • Jan 08
Third quarter 2023 earnings released: EPS: JP¥40.14 (vs JP¥36.65 in 3Q 2022) Third quarter 2023 results: EPS: JP¥40.14 (up from JP¥36.65 in 3Q 2022). Revenue: JP¥137.5b (flat on 3Q 2022). Net income: JP¥2.25b (up 8.6% from 3Q 2022). Profit margin: 1.6% (up from 1.5% in 3Q 2022). Revenue is forecast to grow 1.2% p.a. on average 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 6% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Nov 23
ARCS Company Limited to Report Q3, 2023 Results on Jan 06, 2023 ARCS Company Limited announced that they will report Q3, 2023 results on Jan 06, 2023 Price Target Changed • Nov 22
Price target decreased to JP¥1,950 Down from JP¥2,225, the current price target is an average from 2 analysts. New target price is 8.4% below last closing price of JP¥2,128. Stock is down 0.8% over the past year. The company is forecast to post earnings per share of JP¥174 for next year compared to JP¥182 last year. 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. 4 experienced directors. 7 highly experienced directors. 2 independent directors (5 non-independent directors). Independent External Director Ryoko Sasaki 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. Insufficient board refreshment. Reported Earnings • Oct 17
Second quarter 2023 earnings released: EPS: JP¥47.28 (vs JP¥54.99 in 2Q 2022) Second quarter 2023 results: EPS: JP¥47.28 (down from JP¥54.99 in 2Q 2022). Revenue: JP¥143.0b (down 3.8% from 2Q 2022). Net income: JP¥2.65b (down 15% from 2Q 2022). Profit margin: 1.9% (down from 2.1% 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 2.3% growth forecast for the Consumer Retailing industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Aug 26
ARCS Company Limited to Report Q2, 2023 Results on Oct 14, 2022 ARCS Company Limited announced that they will report Q2, 2023 results on Oct 14, 2022 Upcoming Dividend • Aug 23
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 07 November 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Jul 07
First quarter 2023 earnings released: EPS: JP¥51.05 (vs JP¥51.05 in 1Q 2022) First quarter 2023 results: EPS: JP¥51.05 (down from JP¥51.05 in 1Q 2022). Revenue: JP¥138.3b (down 3.0% from 1Q 2022). Net income: JP¥2.87b (flat on 1Q 2022). Profit margin: 2.1% (up from 2.0% in 1Q 2022). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 1.6% compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • May 30
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥182 (down from JP¥230 in FY 2021). Revenue: JP¥577.6b (up 3.7% from FY 2021). Net income: JP¥10.3b (down 21% from FY 2021). Profit margin: 1.8% (down from 2.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.4%. Over the next year, revenue is expected to shrink by 2.5% compared to a 21% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • May 18
ARCS Company Limited (TSE:9948) announces an Equity Buyback for 337,400 shares, representing 0.6% for ¥680.54 million. ARCS Company Limited (TSE:9948) announces a share repurchase program. Under the program, the company will repurchase 337,400 shares, representing 0.6% of the outstanding shares, at ¥2,017 per share for ¥680.54 million. The purpose of the program is to enable agile capital policies that respond to changes in the business environment. The program is valid till May 17, 2022. As of April 30, 2022, the company had 56,320,765 shares outstanding (excluding treasury stock) and 1,329,103 shares in treasury. Price Target Changed • May 11
Price target decreased to JP¥2,225 Down from JP¥2,400, the current price target is an average from 3 analysts. New target price is 8.0% above last closing price of JP¥2,060. Stock is down 12% over the past year. The company is forecast to post earnings per share of JP¥190 for next year compared to JP¥182 last year. Announcement • May 09
ARCS Company Limited to Report Q1, 2023 Results on Jul 05, 2022 ARCS Company Limited announced that they will report Q1, 2023 results on Jul 05, 2022 Board Change • Apr 27
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 not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. 2 independent directors (9 non-independent directors). Independent External Director Ryoko Sasaki 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. Insufficient board refreshment. Reported Earnings • Apr 15
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥182 (down from JP¥230 in FY 2021). Revenue: JP¥577.6b (up 3.7% from FY 2021). Net income: JP¥10.3b (down 21% from FY 2021). Profit margin: 1.8% (down from 2.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.4%. Over the next year, revenue is forecast to stay flat compared to a 20% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Apr 08
ARCS Company Limited to Report Fiscal Year 2022 Results on Apr 14, 2022 ARCS Company Limited announced that they will report fiscal year 2022 results on Apr 14, 2022 Upcoming Dividend • Feb 18
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 26 May 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.6%). Announcement • Feb 15
ARCS Company Limited (TSE:9948) announces an Equity Buyback for 159,400 shares, representing 0.28% for ¥341.59 million. ARCS Company Limited (TSE:9948) announces a share repurchase program. Under the program, the company will repurchase 159,400 shares, representing 0.28% of the outstanding shares, at ¥2,143 per share for ¥341.59 million. The purpose of the program is to enable agile capital policies that respond to changes in the business environment. The program is valid till February 15, 2022. As of January 31, 2022, the company had 56,480,276 shares outstanding (excluding treasury stock) and 1,169,592 shares in treasury. Price Target Changed • Feb 03
Price target decreased to JP¥2,250 Down from JP¥2,500, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥2,207. Stock is down 6.7% over the past year. The company is forecast to post earnings per share of JP¥191 for next year compared to JP¥230 last year. Reported Earnings • Jan 07
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥36.65 (down from JP¥41.15 in 3Q 2021). Revenue: JP¥138.4b (up 4.3% from 3Q 2021). Net income: JP¥2.07b (down 11% from 3Q 2021). Profit margin: 1.5% (down from 1.8% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Earnings per share (EPS) surpassed analyst estimates by 12%. Over the next year, revenue is forecast to stay flat compared to a 28% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.