Announcement • Jun 13
Aseed Holdings Co.,Ltd. to Report Q1, 2027 Results on Aug 10, 2026 Aseed Holdings Co.,Ltd. announced that they will report Q1, 2027 results on Aug 10, 2026 Reported Earnings • May 15
Full year 2026 earnings released: EPS: JP¥73.74 (vs JP¥60.81 in FY 2025) Full year 2026 results: EPS: JP¥73.74 (up from JP¥60.81 in FY 2025). Revenue: JP¥25.4b (up 6.0% from FY 2025). Net income: JP¥909.0m (up 22% from FY 2025). Profit margin: 3.6% (up from 3.1% in FY 2025). The increase in margin was driven by higher revenue. 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 • May 13
Aseed Holdings Co.,Ltd., Annual General Meeting, Jun 24, 2026 Aseed Holdings Co.,Ltd., Annual General Meeting, Jun 24, 2026. Announcement • May 10
Aseed Holdings Co.,Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Aseed Holdings Co.,Ltd. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 13, 2026 New Risk • Mar 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 41x cash flows per share). Market cap is less than US$100m (JP¥13.3b market cap, or US$83.4m). Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 29% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.7%). Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,206, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 14x in the Consumer Retailing industry in Japan. Total returns to shareholders of 127% over the past three years. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,103, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 15x in the Consumer Retailing industry in Japan. Total returns to shareholders of 107% over the past three years. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥17.02 (vs JP¥19.01 in 3Q 2025) Third quarter 2026 results: EPS: JP¥17.02 (down from JP¥19.01 in 3Q 2025). Revenue: JP¥5.87b (up 3.7% from 3Q 2025). Net income: JP¥210.0m (down 10% from 3Q 2025). Profit margin: 3.6% (down from 4.1% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 16% per year. Announcement • Dec 27
Aseed Holdings Co.,Ltd. to Report Q3, 2026 Results on Feb 10, 2026 Aseed Holdings Co.,Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥31.88 (vs JP¥24.63 in 2Q 2025) Second quarter 2026 results: EPS: JP¥31.88 (up from JP¥24.63 in 2Q 2025). Revenue: JP¥6.87b (up 2.7% from 2Q 2025). Net income: JP¥393.0m (up 30% from 2Q 2025). Profit margin: 5.7% (up from 4.5% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Sep 27
Aseed Holdings Co.,Ltd. to Report Q2, 2026 Results on Nov 07, 2025 Aseed Holdings Co.,Ltd. announced that they will report Q2, 2026 results on Nov 07, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Board Change • Aug 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Director Iku Shimooka was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥14.30 (vs JP¥14.98 in 1Q 2025) First quarter 2026 results: EPS: JP¥14.30 (down from JP¥14.98 in 1Q 2025). Revenue: JP¥6.68b (up 7.6% from 1Q 2025). Net income: JP¥176.0m (down 4.3% from 1Q 2025). Profit margin: 2.6% (down from 3.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: JP¥60.81 (vs JP¥62.62 in FY 2024) Full year 2025 results: EPS: JP¥60.81 (down from JP¥62.62 in FY 2024). Revenue: JP¥24.0b (up 3.0% from FY 2024). Net income: JP¥748.0m (down 2.6% from FY 2024). Profit margin: 3.1% (down from 3.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jun 05
Aseed Holdings Co.,Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Aseed Holdings Co.,Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 New Risk • May 18
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥8.49b market cap, or US$58.2m). Reported Earnings • May 15
Full year 2025 earnings released: EPS: JP¥60.81 (vs JP¥62.62 in FY 2024) Full year 2025 results: EPS: JP¥60.81 (down from JP¥62.62 in FY 2024). Revenue: JP¥24.0b (up 3.0% from FY 2024). Net income: JP¥748.0m (down 2.6% from FY 2024). Profit margin: 3.1% (down from 3.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Aseed Holdings Co.,Ltd., Annual General Meeting, Jun 25, 2025 Aseed Holdings Co.,Ltd., Annual General Meeting, Jun 25, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 48% 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 (1.7%). Announcement • Mar 20
Aseed Holdings Co.,Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Aseed Holdings Co.,Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥19.01 (vs JP¥15.55 in 3Q 2024) Third quarter 2025 results: EPS: JP¥19.01 (up from JP¥15.55 in 3Q 2024). Revenue: JP¥5.67b (flat on 3Q 2024). Net income: JP¥234.0m (up 23% from 3Q 2024). Profit margin: 4.1% (up from 3.4% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Dec 05
Aseed Holdings Co.,Ltd. to Report Q3, 2025 Results on Feb 07, 2025 Aseed Holdings Co.,Ltd. announced that they will report Q3, 2025 results on Feb 07, 2025 New Risk • Nov 26
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Market cap is less than US$100m (JP¥7.80b market cap, or US$50.6m). Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥24.63 (vs JP¥32.73 in 2Q 2024) Second quarter 2025 results: EPS: JP¥24.63 (down from JP¥32.73 in 2Q 2024). Revenue: JP¥6.69b (up 4.3% from 2Q 2024). Net income: JP¥303.0m (down 25% from 2Q 2024). Profit margin: 4.5% (down from 6.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%). Announcement • Sep 03
Aseed Holdings Co.,Ltd. to Report Q2, 2025 Results on Nov 08, 2024 Aseed Holdings Co.,Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥14.98 (vs JP¥19.18 in 1Q 2024) First quarter 2025 results: EPS: JP¥14.98 (down from JP¥19.18 in 1Q 2024). Revenue: JP¥6.21b (up 8.9% from 1Q 2024). Net income: JP¥184.0m (down 21% from 1Q 2024). Profit margin: 3.0% (down from 4.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥62.62 (vs JP¥51.18 in FY 2023) Full year 2024 results: EPS: JP¥62.62 (up from JP¥51.18 in FY 2023). Revenue: JP¥23.3b (up 9.6% from FY 2023). Net income: JP¥768.0m (up 28% from FY 2023). Profit margin: 3.3% (up from 2.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • May 12
Aseed Holdings Co.,Ltd., Annual General Meeting, Jun 26, 2024 Aseed Holdings Co.,Ltd., Annual General Meeting, Jun 26, 2024. Buy Or Sell Opportunity • Mar 22
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 7.3% to JP¥630. The fair value is estimated to be JP¥525, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 28%. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.5%). Announcement • Mar 07
Aseed Holdings Co.,Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Aseed Holdings Co.,Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥15.54 (vs JP¥9.77 in 3Q 2023) Third quarter 2024 results: EPS: JP¥15.54 (up from JP¥9.77 in 3Q 2023). Revenue: JP¥5.67b (up 14% from 3Q 2023). Net income: JP¥191.0m (up 66% from 3Q 2023). Profit margin: 3.4% (up from 2.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Nov 29
Aseed Holdings Co.,Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Aseed Holdings Co.,Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 New Risk • Nov 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (4.4% increase in shares outstanding). Market cap is less than US$100m (JP¥7.13b market cap, or US$47.7m). Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥32.73 (vs JP¥23.12 in 2Q 2023) Second quarter 2024 results: EPS: JP¥32.73 (up from JP¥23.12 in 2Q 2023). Revenue: JP¥6.41b (up 13% from 2Q 2023). Net income: JP¥402.0m (up 48% from 2Q 2023). Profit margin: 6.3% (up from 4.8% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥8.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%). Announcement • Sep 02
Aseed Holdings Co.,Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Aseed Holdings Co.,Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥19.18 (vs JP¥20.60 in 1Q 2023) First quarter 2024 results: EPS: JP¥19.18 (down from JP¥20.60 in 1Q 2023). Revenue: JP¥5.70b (up 5.2% from 1Q 2023). Net income: JP¥234.0m (down 3.3% from 1Q 2023). Profit margin: 4.1% (down from 4.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 24
Full year 2023 earnings released: EPS: JP¥51.18 (vs JP¥14.61 in FY 2022) Full year 2023 results: EPS: JP¥51.18 (up from JP¥14.61 in FY 2022). Revenue: JP¥21.2b (up 10% from FY 2022). Net income: JP¥602.0m (up 238% from FY 2022). Profit margin: 2.8% (up from 0.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 11% per year. Announcement • May 28
Aseed Holdings Co.,Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Aseed Holdings Co.,Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Announcement • May 14
Aseed Holdings Co.,Ltd., Annual General Meeting, Jun 21, 2023 Aseed Holdings Co.,Ltd., Annual General Meeting, Jun 21, 2023. Reported Earnings • May 13
Full year 2023 earnings released: EPS: JP¥51.18 (vs JP¥14.61 in FY 2022) Full year 2023 results: EPS: JP¥51.18 (up from JP¥14.61 in FY 2022). Revenue: JP¥21.2b (up 10% from FY 2022). Net income: JP¥602.0m (up 238% from FY 2022). Profit margin: 2.8% (up from 0.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 15% per year. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥660, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 14x in the Consumer Retailing industry in Japan. Total returns to shareholders of 95% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥9.77 (vs JP¥6.06 in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.77 (up from JP¥6.06 in 3Q 2022). Revenue: JP¥4.98b (up 5.8% from 3Q 2022). Net income: JP¥115.0m (up 55% from 3Q 2022). Profit margin: 2.3% (up from 1.6% in 3Q 2022). 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 • Dec 09
Aseed Holdings Co.,Ltd. to Report Q3, 2023 Results on Feb 03, 2023 Aseed Holdings Co.,Ltd. announced that they will report Q3, 2023 results on Feb 03, 2023 Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 7 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Tatsuhiro Sakuma was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 06
Second quarter 2023 earnings released: EPS: JP¥23.12 (vs JP¥21.79 in 2Q 2022) Second quarter 2023 results: EPS: JP¥23.12 (up from JP¥21.79 in 2Q 2022). Revenue: JP¥5.70b (up 10% from 2Q 2022). Net income: JP¥272.0m (flat on 2Q 2022). Profit margin: 4.8% (down from 5.2% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Sep 28
Aseed Holdings Co.,Ltd. to Report Q2, 2023 Results on Nov 04, 2022 Aseed Holdings Co.,Ltd. announced that they will report Q2, 2023 results on Nov 04, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 60% 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 (1.4%). Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥20.60 (vs JP¥14.62 in 1Q 2022) First quarter 2023 results: EPS: JP¥20.60 (up from JP¥14.62 in 1Q 2022). Revenue: JP¥5.42b (up 8.9% from 1Q 2022). Net income: JP¥242.0m (up 34% from 1Q 2022). Profit margin: 4.5% (up from 3.6% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 26
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥19.3b (down 19% from FY 2021). Net income: JP¥178.0m (down 41% from FY 2021). Profit margin: 0.9% (down from 1.3% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 4% per year. Announcement • Jun 02
Aseed Holdings Co.,Ltd. to Report Q1, 2023 Results on Aug 05, 2022 Aseed Holdings Co.,Ltd. announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥14.61 (vs JP¥24.56 in FY 2021) Full year 2022 results: EPS: JP¥14.61 (down from JP¥24.56 in FY 2021). Revenue: JP¥19.3b (down 19% from FY 2021). Net income: JP¥178.0m (down 41% from FY 2021). Profit margin: 0.9% (down from 1.3% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • May 15
Aseed Holdings Co.,Ltd., Annual General Meeting, Jun 22, 2022 Aseed Holdings Co.,Ltd., Annual General Meeting, Jun 22, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Tatsuhiro Sakuma was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Aseed Holdings Co.,Ltd. to Report Fiscal Year 2022 Results on May 10, 2022 Aseed Holdings Co.,Ltd. announced that they will report fiscal year 2022 results on May 10, 2022 Buying Opportunity • Apr 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.2%. The fair value is estimated to be JP¥640, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.3% over the last 3 years. Earnings per share has declined by 4.7%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.1%). Buying Opportunity • Feb 15
Now 21% undervalued Over the last 90 days, the stock is up 3.9%. The fair value is estimated to be JP¥668, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.3% per annum over the last 3 years. Earnings per share has declined by 4.7% per annum over the last 3 years. Buying Opportunity • Jan 31
Now 20% undervalued Over the last 90 days, the stock is up 1.7%. The fair value is estimated to be JP¥660, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.3% per annum over the last 3 years. Earnings per share has declined by 4.7% per annum over the last 3 years. Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥6.06 (down from JP¥11.23 in 3Q 2021). Revenue: JP¥4.71b (down 20% from 3Q 2021). Net income: JP¥74.0m (down 47% from 3Q 2021). Profit margin: 1.6% (down from 2.4% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • Nov 04
Second quarter 2022 earnings released: EPS JP¥21.79 (vs JP¥17.69 in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥5.16b (down 21% from 2Q 2021). Net income: JP¥270.0m (up 23% from 2Q 2021). Profit margin: 5.2% (up from 3.3% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 11% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (0.9%). Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥14.62 (vs JP¥0.81 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥4.98b (down 11% from 1Q 2021). Net income: JP¥181.0m (up JP¥171.0m from 1Q 2021). Profit margin: 3.6% (up from 0.2% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 13% per year. Announcement • Jul 03
Aseed Holdings Co.,Ltd. (TSE:9959) completed the acquisition of Logic Innovation Co., Ltd. from Eiji Mizumoto. Aseed Holdings Co.,Ltd. (TSE:9959) agreed to acquire Logic Innovation Co., Ltd. from Eiji Mizumoto on June 25, 2021.
Aseed Holdings Co.,Ltd. (TSE:9959) completed the acquisition of Logic Innovation Co., Ltd. from Eiji Mizumoto on July 1, 2021. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS JP¥24.56 (vs JP¥28.51 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥23.9b (down 6.1% from FY 2020). Net income: JP¥304.0m (down 14% from FY 2020). Profit margin: 1.3% (down from 1.4% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 15% per year. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥24.56 (vs JP¥28.51 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥23.9b (down 6.1% from FY 2020). Net income: JP¥304.0m (down 14% from FY 2020). Profit margin: 1.3% (down from 1.4% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 16% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (0.7%). Announcement • Mar 06
Aseed Holdings Co.,Ltd. to Report Fiscal Year 2021 Results on May 11, 2021 Aseed Holdings Co.,Ltd. announced that they will report fiscal year 2021 results on May 11, 2021 Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥600, the stock is trading at a trailing P/E ratio of 22.9x, up from the previous P/E ratio of 19.1x. This compares to an average P/E of 22x in the Online Retail industry in Japan. Total return to shareholders over the past three years is a loss of 28%. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥496 The company is up 2.0% from its price of JP¥487 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 4.0% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥11.23 (vs JP¥1.70 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥5.90b (up 3.4% from 3Q 2020). Net income: JP¥139.0m (up JP¥118.0m from 3Q 2020). Profit margin: 2.4% (up from 0.4% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Announcement • Dec 19
Aseed Holdings Co.,Ltd. to Report Q3, 2021 Results on Jan 29, 2021 Aseed Holdings Co.,Ltd. announced that they will report Q3, 2021 results on Jan 29, 2021 Announcement • Oct 10
Aseed Holdings Co.,Ltd. to Report Q2, 2021 Results on Oct 30, 2020 Aseed Holdings Co.,Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020 Announcement • Jun 29
Aseed Holdings Co.,Ltd. to Report Q1, 2021 Results on Jul 31, 2020 Aseed Holdings Co.,Ltd. announced that they will report Q1, 2021 results on Jul 31, 2020 
