Board Change • May 20
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. 1 experienced director. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Outside Director Yoshifumi Shuto was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 01
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. 1 experienced director. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Outside Director Yoshifumi Shuto was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 06
Amaze Co., Ltd. announces Annual dividend, payable on February 27, 2026 Amaze Co., Ltd. announced Annual dividend of JPY 35.0000 per share payable on February 27, 2026, ex-date on November 27, 2025 and record date on November 30, 2025. Board Change • May 01
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. 1 experienced director. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Outside Director Yoshifumi Shuto was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Feb 25
Amaze Co., Ltd., Annual General Meeting, Feb 25, 2025 Amaze Co., Ltd., Annual General Meeting, Feb 25, 2025, at 11:00 Tokyo Standard Time. Location: 1-5-38 funaicho, oita prefecture, compal hall 3f 300 conference room, oita Japan Reported Earnings • Oct 16
Third quarter 2024 earnings released: EPS: JP¥40.38 (vs JP¥36.64 in 3Q 2023) Third quarter 2024 results: EPS: JP¥40.38. Revenue: JP¥4.58b (up 8.4% from 3Q 2023). Net income: JP¥541.0m (down 2.9% from 3Q 2023). Profit margin: 12% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥997, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 23x in the Hospitality industry in Japan. Total returns to shareholders of 29% over the past three years. Reported Earnings • Jul 16
Second quarter 2024 earnings released: EPS: JP¥38.03 (vs JP¥44.20 in 2Q 2023) Second quarter 2024 results: EPS: JP¥38.03 (down from JP¥44.20 in 2Q 2023). Revenue: JP¥4.45b (up 3.2% from 2Q 2023). Net income: JP¥543.0m (down 19% from 2Q 2023). Profit margin: 12% (down from 16% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 16
First quarter 2024 earnings released: EPS: JP¥36.37 (vs JP¥34.47 in 1Q 2023) First quarter 2024 results: EPS: JP¥36.37 (up from JP¥34.47 in 1Q 2023). Revenue: JP¥4.32b (up 10% from 1Q 2023). Net income: JP¥553.0m (up 5.5% from 1Q 2023). Profit margin: 13% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Apr 14
Amaze Co., Ltd. (FKSE:6076) announces an Equity Buyback for 1,800,000 shares, representing 11.84% for ¥2,300 million. Amaze Co., Ltd. (FKSE:6076) announces a share repurchase program. Under the program, the company will repurchase up to 1,800,000 shares, representing 11.8% of its issued share capital, for ¥ 2,300 million. The repurchase price will be ¥ 1,235 per share. The purpose of the program is to enable future flexible capital policy. As of April 12, 2024, the company had 15,203,610 shares (excluding treasury stock) and 390 shares in treasury. Reported Earnings • Jan 14
Full year 2023 earnings released: EPS: JP¥153 (vs JP¥114 in FY 2022) Full year 2023 results: EPS: JP¥153 (up from JP¥114 in FY 2022). Revenue: JP¥16.9b (up 17% from FY 2022). Net income: JP¥2.32b (up 34% from FY 2022). Profit margin: 14% (up from 12% 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 82% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 22
Inaugural dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 22 February 2024. This is the first dividend for Amaze since going public. The average dividend yield among industry peers is 0.6%. Reported Earnings • Oct 15
Third quarter 2023 earnings released: EPS: JP¥36.64 (vs JP¥31.90 in 3Q 2022) Third quarter 2023 results: EPS: JP¥36.64 (up from JP¥31.90 in 3Q 2022). Revenue: JP¥4.22b (up 13% from 3Q 2022). Net income: JP¥557.0m (up 15% from 3Q 2022). Profit margin: 13% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 13
First quarter 2023 earnings released: EPS: JP¥34.47 (vs JP¥18.88 in 1Q 2022) First quarter 2023 results: EPS: JP¥34.47 (up from JP¥18.88 in 1Q 2022). Revenue: JP¥3.91b (up 22% from 1Q 2022). Net income: JP¥524.0m (up 83% from 1Q 2022). Profit margin: 13% (up from 9.0% in 1Q 2022). 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 whereas the company’s share price has increased by 18% per year. Reported Earnings • Jan 14
Full year 2022 earnings released: EPS: JP¥114 (vs JP¥25.59 in FY 2021) Full year 2022 results: EPS: JP¥114 (up from JP¥25.59 in FY 2021). Revenue: JP¥14.5b (up 22% from FY 2021). Net income: JP¥1.74b (up 346% from FY 2021). Profit margin: 12% (up from 3.3% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% 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. Upcoming Dividend • Nov 22
Inaugural dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 27 February 2023. This is the first dividend for Amaze since going public. The average dividend yield among industry peers is 0.6%. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. No independent directors (5 non-independent directors). Vice President and Representative Director Sachiko Kodama was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥1,190, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 24x in the Hospitality industry in Japan. Total returns to shareholders of 5.7% over the past three years. Reported Earnings • Oct 13
Third quarter 2022 earnings released: EPS: JP¥31.90 (vs JP¥10.00 in 3Q 2021) Third quarter 2022 results: EPS: JP¥31.90 (up from JP¥10.00 in 3Q 2021). Revenue: JP¥3.74b (up 30% from 3Q 2021). Net income: JP¥485.0m (up 219% from 3Q 2021). Profit margin: 13% (up from 5.3% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 15
Second quarter 2022 earnings released: EPS: JP¥28.68 (vs JP¥10.79 in 2Q 2021) Second quarter 2022 results: EPS: JP¥28.68 (up from JP¥10.79 in 2Q 2021). Revenue: JP¥3.53b (up 23% from 2Q 2021). Net income: JP¥436.0m (up 166% from 2Q 2021). Profit margin: 12% (up from 5.7% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Buying Opportunity • May 09
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,049, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Meanwhile, the company has become profitable. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. No independent directors (5 non-independent directors). Vice President and Representative Director Sachiko Kodama was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 14
First quarter 2022 earnings released: EPS: JP¥18.88 (vs JP¥2.70 loss in 1Q 2021) First quarter 2022 results: EPS: JP¥18.88 (up from JP¥2.70 loss in 1Q 2021). Revenue: JP¥3.20b (up 17% from 1Q 2021). Net income: JP¥287.0m (up JP¥328.0m from 1Q 2021). Profit margin: 9.0% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Jan 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥25.59 (up from JP¥15.72 in FY 2020). Revenue: JP¥11.9b (up 4.5% from FY 2020). Net income: JP¥389.0m (up 63% from FY 2020). Profit margin: 3.3% (up from 2.1% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Nov 22
Inaugural dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 26 February 2022. This is the first dividend for Amaze since going public. The average dividend yield among industry peers is 0.5%. Reported Earnings • Oct 14
Third quarter 2021 earnings released: EPS JP¥10.00 (vs JP¥7.10 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.87b (up 16% from 3Q 2020). Net income: JP¥152.0m (up 41% from 3Q 2020). Profit margin: 5.3% (up from 4.4% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 16
Second quarter 2021 earnings released: EPS JP¥10.79 (vs JP¥16.51 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥2.86b (up 29% from 2Q 2020). Net income: JP¥164.0m (up JP¥415.0m from 2Q 2020). Profit margin: 5.7% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 16
First quarter 2021 earnings released: JP¥2.70 loss per share (vs JP¥32.82 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: JP¥2.73b (down 22% from 1Q 2020). Net loss: JP¥41.0m (down 108% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS JP¥15.72 (vs JP¥135 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥11.3b (down 24% from FY 2019). Net income: JP¥239.0m (down 88% from FY 2019). Profit margin: 2.1% (down from 14% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 23% per year and the company’s share price has also fallen by 23% per year. Is New 90 Day High Low • Feb 26
New 90-day high: JP¥886 The company is up 16% from its price of JP¥765 on 27 November 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 7.0% over the same period. Announcement • Feb 24
Amaze Co., Ltd., Annual General Meeting, Feb 25, 2021 Amaze Co., Ltd., Annual General Meeting, Feb 25, 2021, at 11:00 Tokyo Standard Time. Location: Location 1-5-38, Funaimachi Oita Japan Is New 90 Day High Low • Feb 06
New 90-day high: JP¥853 The company is up 5.0% from its price of JP¥815 on 06 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 11% over the same period. Reported Earnings • Jan 15
Full year 2020 earnings released: EPS JP¥15.72 The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥11.3b (down 24% from FY 2019). Net income: JP¥239.0m (down 88% from FY 2019). Profit margin: 2.1% (down from 14% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 25% per year. Upcoming Dividend • Nov 20
First Dividend Is JP¥20.00 Per Share Will be paid on the 27th of February to those who are registered shareholders by the 27th of November. This is the first dividend for Amaze since going public. The average dividend yield among industry peers is 0.6%. Reported Earnings • Oct 15
Third quarter earnings released Over the last 12 months the company has reported total profits of JP¥765.0m, down 65% from the prior year. Total revenue was JP¥12.0b over the last 12 months, down 19% from the prior year. Is New 90 Day High Low • Oct 10
New 90-day high: JP¥822 The company is up 16% from its price of JP¥708 on 10 July 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 10.0% over the same period.