Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to JP¥1,477, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 15x in the Consumer Services industry in Japan. Total returns to shareholders of 123% over the past three years. New Risk • Feb 13
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 8.9% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Feb 13
Now 46% overvalued after recent price rise Over the last 90 days, the stock has risen 55% to JP¥1,422. The fair value is estimated to be JP¥976, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 15%. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥31.03 (vs JP¥27.37 in 3Q 2025) Third quarter 2026 results: EPS: JP¥31.03 (up from JP¥27.37 in 3Q 2025). Revenue: JP¥2.75b (up 1.9% from 3Q 2025). Net income: JP¥367.0m (up 12% from 3Q 2025). Profit margin: 13% (up from 12% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 10% per year. Announcement • Dec 02
Heian Ceremony Service Co.,Ltd. to Report Q3, 2026 Results on Feb 10, 2026 Heian Ceremony Service 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¥13.06 (vs JP¥20.28 in 2Q 2025) Second quarter 2026 results: EPS: JP¥13.06 (down from JP¥20.28 in 2Q 2025). Revenue: JP¥2.35b (down 5.2% from 2Q 2025). Net income: JP¥155.0m (down 36% from 2Q 2025). Profit margin: 6.6% (down from 9.8% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Announcement • Sep 06
Heian Ceremony Service Co.,Ltd. to Report Q2, 2026 Results on Nov 07, 2025 Heian Ceremony Service Co.,Ltd. announced that they will report Q2, 2026 results on Nov 07, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥25.81 (vs JP¥19.70 in 1Q 2025) First quarter 2026 results: EPS: JP¥25.81 (up from JP¥19.70 in 1Q 2025). Revenue: JP¥2.54b (up 2.9% from 1Q 2025). Net income: JP¥309.0m (up 31% from 1Q 2025). Profit margin: 12% (up from 9.6% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • May 08
Full year 2025 earnings released: EPS: JP¥114 (vs JP¥73.25 in FY 2024) Full year 2025 results: EPS: JP¥114 (up from JP¥73.25 in FY 2024). Revenue: JP¥10.6b (up 5.1% from FY 2024). Net income: JP¥1.36b (up 53% from FY 2024). Profit margin: 13% (up from 8.8% in FY 2024). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year. Announcement • May 08
Heian Ceremony Service Co.,Ltd. (TSE:2344) announces an Equity Buyback for 200,000 shares, representing 1.67% for ¥150 million. Heian Ceremony Service Co.,Ltd. (TSE:2344) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.67% for ¥150 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. The program is valid till September 30, 2025. As of March 31, 2025, the company had 11,982,895 shares and 323,900 own shares. Announcement • May 07
Heian Ceremony Service Co.,Ltd., Annual General Meeting, Jun 27, 2025 Heian Ceremony Service Co.,Ltd., Annual General Meeting, Jun 27, 2025. Buy Or Sell Opportunity • Apr 25
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at JP¥819. The fair value is estimated to be JP¥682, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 4.7%. Buy Or Sell Opportunity • Apr 10
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at JP¥823. The fair value is estimated to be JP¥675, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 4.7%. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥27.37 (vs JP¥29.49 in 3Q 2024) Third quarter 2025 results: EPS: JP¥27.37 (down from JP¥29.49 in 3Q 2024). Revenue: JP¥2.70b (up 1.2% from 3Q 2024). Net income: JP¥328.0m (down 8.4% from 3Q 2024). Profit margin: 12% (down from 13% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Dec 04
Now 20% overvalued Over the last 90 days, the stock has fallen 2.9% to JP¥831. The fair value is estimated to be JP¥691, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 5.9%. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥20.28 (vs JP¥6.82 in 2Q 2024) Second quarter 2025 results: EPS: JP¥20.28 (up from JP¥6.82 in 2Q 2024). Revenue: JP¥2.47b (up 2.9% from 2Q 2024). Net income: JP¥243.0m (up 193% from 2Q 2024). Profit margin: 9.8% (up from 3.5% in 2Q 2024). The increase in margin was primarily driven by lower expenses. 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 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 06 December 2024. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.7%). Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥19.70 (vs JP¥16.19 in 1Q 2024) First quarter 2025 results: EPS: JP¥19.70 (up from JP¥16.19 in 1Q 2024). Revenue: JP¥2.46b (up 9.5% from 1Q 2024). Net income: JP¥236.0m (up 20% from 1Q 2024). Profit margin: 9.6% (in line with 1Q 2024). 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 2% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 07
Now 22% overvalued Over the last 90 days, the stock has fallen 8.2% to JP¥833. The fair value is estimated to be JP¥683, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 10%. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥741, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 15x in the Consumer Services industry in Japan. Total loss to shareholders of 7.1% over the past three years. Announcement • Jun 06
Heian Ceremony Service Co.,Ltd. to Report Q1, 2025 Results on Aug 07, 2024 Heian Ceremony Service Co.,Ltd. announced that they will report Q1, 2025 results on Aug 07, 2024 Announcement • May 09
Heian Ceremony Service Co.,Ltd., Annual General Meeting, Jun 27, 2024 Heian Ceremony Service Co.,Ltd., Annual General Meeting, Jun 27, 2024. Reported Earnings • May 08
Full year 2024 earnings released: EPS: JP¥73.25 (vs JP¥86.28 in FY 2023) Full year 2024 results: EPS: JP¥73.25 (down from JP¥86.28 in FY 2023). Revenue: JP¥10.1b (up 4.3% from FY 2023). Net income: JP¥888.0m (down 16% from FY 2023). Profit margin: 8.8% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Mar 28
Heian Ceremony Service Co.,Ltd. to Report Fiscal Year 2024 Results on May 07, 2024 Heian Ceremony Service Co.,Ltd. announced that they will report fiscal year 2024 results on May 07, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 18% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: JP¥29.49 (vs JP¥20.42 in 3Q 2023) Third quarter 2024 results: EPS: JP¥29.49 (up from JP¥20.42 in 3Q 2023). Revenue: JP¥2.67b (up 11% from 3Q 2023). Net income: JP¥358.0m (up 44% from 3Q 2023). Profit margin: 13% (up from 10% 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 13% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Dec 28
Heian Ceremony Service Co.,Ltd. to Report Q3, 2024 Results on Feb 07, 2024 Heian Ceremony Service Co.,Ltd. announced that they will report Q3, 2024 results on Feb 07, 2024 Announcement • Nov 08
Heian Ceremony Service Co.,Ltd. (TSE:2344) announces an Equity Buyback for 200,000 shares, representing 1.64% for ¥150 million. Heian Ceremony Service Co.,Ltd. (TSE:2344) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.64% for ¥150 million. The purpose of the program is to carry out flexible capital policy in response to changes in the business environment. The program is valid till March 31, 2024. As of September 30, 2023, the company had 12,167,695 shares and 139,100 own shares. Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥6.82 (vs JP¥15.95 in 2Q 2023) Second quarter 2024 results: EPS: JP¥6.82 (down from JP¥15.95 in 2Q 2023). Revenue: JP¥2.40b (up 5.7% from 2Q 2023). Net income: JP¥83.0m (down 57% from 2Q 2023). Profit margin: 3.5% (down from 8.6% 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 12% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Sep 29
Heian Ceremony Service Co.,Ltd. to Report Q2, 2024 Results on Nov 07, 2023 Heian Ceremony Service Co.,Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥14.00 per share at 3.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.6%). Reported Earnings • Aug 08
First quarter 2024 earnings released: EPS: JP¥16.19 (vs JP¥19.63 in 1Q 2023) First quarter 2024 results: EPS: JP¥16.19 (down from JP¥19.63 in 1Q 2023). Revenue: JP¥2.25b (down 2.7% from 1Q 2023). Net income: JP¥197.0m (down 18% from 1Q 2023). Profit margin: 8.8% (down from 10% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Heian Ceremony Service Co.,Ltd. to Report Q1, 2024 Results on Aug 07, 2023 Heian Ceremony Service Co.,Ltd. announced that they will report Q1, 2024 results on Aug 07, 2023 Announcement • May 10
Heian Ceremony Service Co.,Ltd., Annual General Meeting, Jun 27, 2023 Heian Ceremony Service Co.,Ltd., Annual General Meeting, Jun 27, 2023. Reported Earnings • May 09
Full year 2023 earnings released: EPS: JP¥88.33 (vs JP¥75.89 in FY 2022) Full year 2023 results: EPS: JP¥88.33 (up from JP¥75.89 in FY 2022). Revenue: JP¥9.67b (up 7.8% from FY 2022). Net income: JP¥1.08b (up 16% from FY 2022). Profit margin: 11% (in line with FY 2022). 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. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥20.42 (vs JP¥19.22 in 3Q 2022) Third quarter 2023 results: EPS: JP¥20.42 (up from JP¥19.22 in 3Q 2022). Revenue: JP¥2.40b (up 4.4% from 3Q 2022). Net income: JP¥249.0m (up 6.0% from 3Q 2022). Profit margin: 10% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year. Announcement • Dec 28
Heian Ceremony Service Co.,Ltd. to Report Q3, 2023 Results on Feb 07, 2023 Heian Ceremony Service Co.,Ltd. announced that they will report Q3, 2023 results on Feb 07, 2023 Reported Earnings • Nov 17
Second quarter 2023 earnings released: EPS: JP¥15.95 (vs JP¥15.28 in 2Q 2022) Second quarter 2023 results: EPS: JP¥15.95 (up from JP¥15.28 in 2Q 2022). Revenue: JP¥2.27b (up 6.7% from 2Q 2022). Net income: JP¥195.0m (up 3.7% from 2Q 2022). Profit margin: 8.6% (down from 8.8% in 2Q 2022). The decrease in margin was driven by higher 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 4% per year. 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. 2 experienced directors. 8 highly experienced directors. No independent directors (6 non-independent directors). External Director Kazushige Fujita was the last 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: Lack of independent directors. Insufficient board refreshment. Announcement • Nov 10
Heian Ceremony Service Co.,Ltd. (TSE:2344) announces an Equity Buyback for 60,000 shares, representing 0.49% for ¥44.88 million. Heian Ceremony Service Co.,Ltd. (TSE:2344) announces a share repurchase program. Under the program, the company will repurchase up to 60,000 shares, representing 0.49% for ¥44.88 million. The shares will be repurchased at a price of ¥748 per share. The program is valid till November 10, 2022. As of November 8, 2022, the company had 12,306,795 shares and 79,100 own shares. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: JP¥15.95 (vs JP¥15.28 in 2Q 2022) Second quarter 2023 results: EPS: JP¥15.95 (up from JP¥15.28 in 2Q 2022). Revenue: JP¥2.27b (up 6.7% from 2Q 2022). Net income: JP¥195.0m (up 3.7% from 2Q 2022). Profit margin: 8.6% (down from 8.8% in 2Q 2022). The decrease in margin was driven by higher 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 4% per year. Announcement • Sep 28
Heian Ceremony Service Co.,Ltd. to Report Q2, 2023 Results on Nov 07, 2022 Heian Ceremony Service Co.,Ltd. announced that they will report Q2, 2023 results on Nov 07, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.5%). Reported Earnings • Aug 10
First quarter 2023 earnings released: EPS: JP¥19.63 (vs JP¥14.38 in 1Q 2022) First quarter 2023 results: EPS: JP¥19.63 (up from JP¥14.38 in 1Q 2022). Revenue: JP¥2.31b (up 9.9% from 1Q 2022). Net income: JP¥240.0m (up 36% from 1Q 2022). Profit margin: 10% (up from 8.4% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% 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 • Jul 24
Heian Ceremony Service Co.,Ltd. to Report Q1, 2023 Results on Aug 08, 2022 Heian Ceremony Service Co.,Ltd. announced that they will report Q1, 2023 results on Aug 08, 2022 Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥75.89 (vs JP¥54.39 in FY 2021) Full year 2022 results: EPS: JP¥75.89 (up from JP¥54.39 in FY 2021). Revenue: JP¥8.97b (up 7.5% from FY 2021). Net income: JP¥931.0m (up 32% from FY 2021). Profit margin: 10% (up from 8.4% 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 21% 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 • May 08
Heian Ceremony Service Co.,Ltd., Annual General Meeting, Jun 26, 2022 Heian Ceremony Service Co.,Ltd., Annual General Meeting, Jun 26, 2022. 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. 2 experienced directors. 8 highly experienced directors. No independent directors (6 non-independent directors). External Director Kazushige Fujita was the last 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: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 16
Heian Ceremony Service Co.,Ltd. to Report Fiscal Year 2022 Results on May 06, 2022 Heian Ceremony Service Co.,Ltd. announced that they will report fiscal year 2022 results on May 06, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.2%). Reported Earnings • Feb 08
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥19.22 (down from JP¥20.33 in 3Q 2021). Revenue: JP¥2.30b (flat on 3Q 2021). Net income: JP¥235.0m (down 12% from 3Q 2021). Profit margin: 10% (down from 12% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥15.28 (vs JP¥12.87 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥2.13b (up 4.0% from 2Q 2021). Net income: JP¥188.0m (up 11% from 2Q 2021). Profit margin: 8.8% (up from 8.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 3.0%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.9%). Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥14.38 (vs JP¥7.61 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥2.10b (up 13% from 1Q 2021). Net income: JP¥177.0m (up 77% from 1Q 2021). Profit margin: 8.4% (up from 5.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • May 09
Full year 2021 earnings released: EPS JP¥54.39 (vs JP¥88.63 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥8.34b (down 15% from FY 2020). Net income: JP¥705.0m (down 39% from FY 2020). Profit margin: 8.4% (down from 12% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 30 June 2021. Trailing yield: 3.0%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.9%). Reported Earnings • Feb 10
Third quarter 2021 earnings released: EPS JP¥20.33 (vs JP¥29.16 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.31b (down 11% from 3Q 2020). Net income: JP¥267.0m (down 30% from 3Q 2020). Profit margin: 12% (down from 15% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% 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. Is New 90 Day High Low • Jan 15
New 90-day high: JP¥895 The company is up 9.0% from its price of JP¥819 on 16 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Services industry, which is down 9.0% over the same period. Announcement • Dec 30
Heian Ceremony Service Co.,Ltd. to Report Q3, 2021 Results on Feb 08, 2021 Heian Ceremony Service Co.,Ltd. announced that they will report Q3, 2021 results on Feb 08, 2021 Is New 90 Day High Low • Dec 22
New 90-day high: JP¥867 The company is up 6.0% from its price of JP¥819 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Services industry, which is down 8.0% over the same period. Is New 90 Day High Low • Dec 02
New 90-day high: JP¥858 The company is up 5.0% from its price of JP¥815 on 03 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Services industry, which is down 1.0% over the same period. Reported Earnings • Nov 08
Second quarter 2021 earnings released: EPS JP¥12.87 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥2.05b (down 13% from 2Q 2020). Net income: JP¥169.0m (down 33% from 2Q 2020). Profit margin: 8.3% (down from 11% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 5% per year. Upcoming Dividend • Sep 22
Upcoming Dividend of JP¥13.00 Per Share Will be paid on the 4th of December to those who are registered shareholders by the 29th of September. The trailing yield of 3.3% is in the top quartile of Japanese dividend payers (3.1%), and it is higher than industry peers (2.2%). Announcement • Jul 24
Heian Ceremony Service Co.,Ltd.'s Ordinary Shares to Be Deleted from Other OTC Heian Ceremony Service Co.,Ltd. Hiratsuka Ordinary Shares will be deleted from other OTC effective from June 29, 2020 due to Inactive Security. 
