Announcement • Jun 03
Koshidaka Holdings Co., Ltd. to Report Q3, 2026 Results on Jul 10, 2026 Koshidaka Holdings Co., Ltd. announced that they will report Q3, 2026 results on Jul 10, 2026 Declared Dividend • May 12
First half dividend of JP¥13.00 announced Shareholders will receive a dividend of JP¥13.00. Ex-date: 28th August 2026 Payment date: 30th November 2026 Dividend yield will be 2.6%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 11
Second quarter 2026 earnings released: EPS: JP¥39.01 (vs JP¥33.05 in 2Q 2025) Second quarter 2026 results: EPS: JP¥39.01 (up from JP¥33.05 in 2Q 2025). Revenue: JP¥22.6b (up 19% from 2Q 2025). Net income: JP¥3.22b (up 18% from 2Q 2025). Profit margin: 14% (in line with 2Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Hospitality 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 remained flat, which means it is well ahead of earnings. Announcement • Apr 02
Koshidaka Holdings Co., Ltd. to Report Q2, 2026 Results on Apr 10, 2026 Koshidaka Holdings Co., Ltd. announced that they will report Q2, 2026 results on Apr 10, 2026 Upcoming Dividend • Feb 19
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 11 May 2026. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (0.9%). Reported Earnings • Jan 10
First quarter 2026 earnings released: EPS: JP¥8.10 (vs JP¥5.79 in 1Q 2025) First quarter 2026 results: EPS: JP¥8.10 (up from JP¥5.79 in 1Q 2025). Revenue: JP¥16.4b (up 8.3% from 1Q 2025). Net income: JP¥668.0m (up 42% from 1Q 2025). Profit margin: 4.1% (up from 3.1% in 1Q 2025). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality 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 13% per year, which means it is well ahead of earnings. Announcement • Jan 09
Koshidaka Holdings Co., Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Fiscal Year Ending August 31, 2026 Koshidaka Holdings Co., Ltd. provided consolidated earnings guidance for the first half and full fiscal year ending August 31, 2026. For the first half, the company expects net sales of JPY 39,431 million, operating profit of JPY 6,139 million, profit attributable to owners of parent of JPY 4,933 million and net income per share of JPY 59.86.
For the full year, the company expects net sales of JPY 82,544 million, operating profit of JPY 12,966 million, profit attributable to owners of parent of between JPY 7,500 million and JPY -9,493 million and net income per share of between JPY 90.99 and JPY -115.17. Declared Dividend • Dec 11
Final dividend of JP¥13.00 announced Shareholders will receive a dividend of JP¥13.00. Ex-date: 26th February 2026 Payment date: 11th May 2026 Dividend yield will be 2.1%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Dec 01
Insufficient new directors 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. 4 highly experienced directors. Independent Outside Director Kobayashi Kenji was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Nov 29
Koshidaka Holdings Co., Ltd. to Report Q1, 2026 Results on Jan 09, 2026 Koshidaka Holdings Co., Ltd. announced that they will report Q1, 2026 results on Jan 09, 2026 Reported Earnings • Oct 11
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥64.01 (down from JP¥82.70 in FY 2024). Revenue: JP¥69.4b (up 9.7% from FY 2024). Net income: JP¥5.26b (down 22% from FY 2024). Profit margin: 7.6% (down from 11% in FY 2024). Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year. Announcement • Oct 10
Koshidaka Holdings Co., Ltd., Annual General Meeting, Nov 27, 2025 Koshidaka Holdings Co., Ltd., Annual General Meeting, Nov 27, 2025. Announcement • Aug 27
Koshidaka Holdings Co., Ltd. to Report Fiscal Year 2025 Results on Oct 10, 2025 Koshidaka Holdings Co., Ltd. announced that they will report fiscal year 2025 results on Oct 10, 2025 Upcoming Dividend • Aug 21
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (0.7%). Reported Earnings • Jul 12
Third quarter 2025 earnings released: EPS: JP¥26.90 (vs JP¥18.04 in 3Q 2024) Third quarter 2025 results: EPS: JP¥26.90 (up from JP¥18.04 in 3Q 2024). Revenue: JP¥17.3b (up 9.8% from 3Q 2024). Net income: JP¥2.22b (up 51% from 3Q 2024). Profit margin: 13% (up from 9.3% in 3Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 27% per year. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,319, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the Hospitality industry in Japan. Total returns to shareholders of 115% over the past three years. Announcement • May 23
Koshidaka Holdings Co., Ltd. to Report Q3, 2025 Results on Jul 10, 2025 Koshidaka Holdings Co., Ltd. announced that they will report Q3, 2025 results on Jul 10, 2025 Declared Dividend • May 10
First half dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 28th August 2025 Payment date: 1st December 2025 Dividend yield will be 2.3%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 66% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 11
Second quarter 2025 earnings released: EPS: JP¥33.05 (vs JP¥38.13 in 2Q 2024) Second quarter 2025 results: EPS: JP¥33.05 (down from JP¥38.13 in 2Q 2024). Revenue: JP¥18.9b (up 8.7% from 2Q 2024). Net income: JP¥2.72b (down 13% from 2Q 2024). Profit margin: 14% (down from 18% in 2Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Feb 27
Koshidaka Holdings Co., Ltd. to Report Q2, 2025 Results on Apr 10, 2025 Koshidaka Holdings Co., Ltd. announced that they will report Q2, 2025 results on Apr 10, 2025 Upcoming Dividend • Feb 20
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 09 May 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (0.8%). Reported Earnings • Jan 12
First quarter 2025 earnings released: EPS: JP¥5.79 (vs JP¥9.65 in 1Q 2024) First quarter 2025 results: EPS: JP¥5.79 (down from JP¥9.65 in 1Q 2024). Revenue: JP¥15.1b (up 14% from 1Q 2024). Net income: JP¥471.8m (down 40% from 1Q 2024). Profit margin: 3.1% (down from 6.0% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Jan 10
Koshidaka Holdings Co., Ltd. Provides Consolidated Earnings Forecast for the First Half and Full Fiscal Year Ending August 31, 2025 Koshidaka Holdings Co., Ltd. provided consolidated earnings forecast for the first half and full fiscal year ending August 31, 2025. For the first half, the company expects net sales of JPY 34,473 million, operating profit of JPY 5,519 million, profit attributable to owners of parent of JPY 3,574 million and net income per share of JPY 43.83.
For the full year, the company expects net sales of JPY 71,057 million, operating profit of JPY 11,578 million, profit attributable to owners of parent of JPY 7,499 million and net income per share of JPY 91.97. Declared Dividend • Dec 19
Final dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 27th February 2025 Payment date: 9th May 2025 Dividend yield will be 2.0%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by both earnings (22% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Dec 05
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: JP¥82.70 (down from JP¥87.13 in FY 2023). Revenue: JP¥63.3b (up 16% from FY 2023). Net income: JP¥6.74b (down 5.2% from FY 2023). Profit margin: 11% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in Japan. 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 22% per year, which means it is significantly lagging earnings growth. Announcement • Nov 26
Koshidaka Holdings Co., Ltd. to Report Q1, 2025 Results on Jan 10, 2025 Koshidaka Holdings Co., Ltd. announced that they will report Q1, 2025 results on Jan 10, 2025 New Risk • Nov 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change). Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥1,195, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the Hospitality industry in Japan. Total returns to shareholders of 75% over the past three years. Reported Earnings • Oct 13
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: JP¥82.70 (down from JP¥87.13 in FY 2023). Revenue: JP¥63.3b (up 16% from FY 2023). Net income: JP¥6.74b (down 5.2% from FY 2023). Profit margin: 11% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Hospitality industry in Japan. 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 19% per year, which means it is significantly lagging earnings growth. New Risk • Sep 17
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. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Aug 22
Koshidaka Holdings Co., Ltd. to Report Fiscal Year 2024 Results on Oct 10, 2024 Koshidaka Holdings Co., Ltd. announced that they will report fiscal year 2024 results on Oct 10, 2024 Upcoming Dividend • Aug 22
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 29 November 2024. Payout ratio is a comfortable 7.2% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (0.8%). Reported Earnings • Jul 12
Third quarter 2024 earnings released: EPS: JP¥18.05 (vs JP¥53.28 in 3Q 2023) Third quarter 2024 results: EPS: JP¥18.05 (down from JP¥53.28 in 3Q 2023). Revenue: JP¥15.8b (up 10.0% from 3Q 2023). Net income: JP¥1.47b (down 66% from 3Q 2023). Profit margin: 9.3% (down from 30% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Jul 10
Koshidaka Holdings Co., Ltd. Revises Year End Dividend Guidance for the Fiscal Year Ending August 31, 2024 Koshidaka Holdings Co., Ltd. revised year end dividend guidance for the Fiscal year ending August 31, 2024. For the period, the company revised dividend of JPY 11.00 per share against JPY 7.00 per share a year ago. Announcement • May 17
Koshidaka Holdings Co., Ltd. to Report Q3, 2024 Results on Jul 10, 2024 Koshidaka Holdings Co., Ltd. announced that they will report Q3, 2024 results on Jul 10, 2024 Declared Dividend • Apr 12
First half dividend of JP¥7.00 announced Shareholders will receive a dividend of JP¥7.00. Ex-date: 29th August 2024 Payment date: 29th November 2024 Dividend yield will be 1.4%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 11% over the next 3 years. However, it would need to fall by 87% to increase the payout ratio to a potentially unsustainable range. Announcement • Apr 12
Koshidaka Holdings Co., Ltd. Revises Earnings Guidance for the Full Year 2024 Koshidaka Holdings Co., Ltd. revised earnings guidance for the full year 2024. For the period, the company expected net sales of JPY 62,728 million, operating profit of JPY 9,278 million, profit attributable to owners of parent of JPY 6,753 million and net income per share of JPY 82.83 compared to previous guidance of net sales of JPY 61,976 million, operating profit of JPY 9,004 million, profit attributable to owners of parent of JPY 5,791 million and net income per share of JPY 71.03. Reported Earnings • Apr 11
Second quarter 2024 earnings released: EPS: JP¥38.13 (vs JP¥26.64 in 2Q 2023) Second quarter 2024 results: EPS: JP¥38.13 (up from JP¥26.64 in 2Q 2023). Revenue: JP¥17.4b (up 21% from 2Q 2023). Net income: JP¥3.11b (up 43% from 2Q 2023). Profit margin: 18% (up from 15% in 2Q 2023). Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Feb 28
Koshidaka Holdings Co., Ltd. to Report Q2, 2024 Results on Apr 10, 2024 Koshidaka Holdings Co., Ltd. announced that they will report Q2, 2024 results on Apr 10, 2024 Upcoming Dividend • Feb 21
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (0.6%). Buy Or Sell Opportunity • Jan 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.8% to JP¥994. The fair value is estimated to be JP¥1,248, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 22% in 2 years. Earnings are forecast to decline by 11% in the next 2 years. Reported Earnings • Jan 12
First quarter 2024 earnings released: EPS: JP¥9.65 (vs JP¥4.01 in 1Q 2023) First quarter 2024 results: EPS: JP¥9.65 (up from JP¥4.01 in 1Q 2023). Revenue: JP¥13.2b (up 17% from 1Q 2023). Net income: JP¥787.0m (up 141% from 1Q 2023). Profit margin: 6.0% (up from 2.9% in 1Q 2023). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Announcement • Oct 13
Koshidaka Holdings Co., Ltd., Annual General Meeting, Nov 28, 2023 Koshidaka Holdings Co., Ltd., Annual General Meeting, Nov 28, 2023. Reported Earnings • Oct 12
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥87.13 (up from JP¥44.68 in FY 2022). Revenue: JP¥54.6b (up 44% from FY 2022). Net income: JP¥7.10b (up 95% from FY 2022). Profit margin: 13% (up from 9.6% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.2%. Revenue is forecast to grow 8.4% p.a. on average during the next 2 years, compared to a 8.3% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. New Risk • Oct 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Large one-off items impacting financial results. Buying Opportunity • Oct 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 5.0%. The fair value is estimated to be JP¥1,453, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 80%. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to decline by 24% in the next 2 years. Announcement • Aug 30
Koshidaka Holdings Co., Ltd. to Report Fiscal Year 2023 Results on Oct 11, 2023 Koshidaka Holdings Co., Ltd. announced that they will report fiscal year 2023 results on Oct 11, 2023 Upcoming Dividend • Aug 23
Upcoming dividend of JP¥7.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 28 November 2023. Payout ratio is a comfortable 9.2% but the company is paying out more than the cash it is generating. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (0.5%). New Risk • Jul 18
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 13% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Jul 16
Third quarter 2023 earnings released: EPS: JP¥53.28 (vs JP¥7.36 in 3Q 2022) Third quarter 2023 results: EPS: JP¥53.28 (up from JP¥7.36 in 3Q 2022). Revenue: JP¥14.4b (up 37% from 3Q 2022). Net income: JP¥4.34b (up JP¥3.74b from 3Q 2022). Profit margin: 30% (up from 5.7% in 3Q 2022). Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Announcement • May 28
Koshidaka Holdings Co., Ltd. to Report Q3, 2023 Results on Jul 11, 2023 Koshidaka Holdings Co., Ltd. announced that they will report Q3, 2023 results on Jul 11, 2023 Price Target Changed • Apr 28
Price target increased by 13% to JP¥1,700 Up from JP¥1,500, the current price target is provided by 1 analyst. New target price is 48% above last closing price of JP¥1,147. Stock is up 48% over the past year. The company is forecast to post earnings per share of JP¥98.20 for next year compared to JP¥44.68 last year. Reported Earnings • Apr 13
Second quarter 2023 earnings released: EPS: JP¥26.64 (vs JP¥25.73 in 2Q 2022) Second quarter 2023 results: EPS: JP¥26.64 (up from JP¥25.73 in 2Q 2022). Revenue: JP¥14.3b (up 41% from 2Q 2022). Net income: JP¥2.17b (up 3.5% from 2Q 2022). Profit margin: 15% (down from 21% in 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥1,126, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 31x in the Hospitality industry in Japan. Total returns to shareholders of 205% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,315 per share. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥5.00 per share at 1.1% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 10 May 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (0.5%). Announcement • Feb 19
Koshidaka Holdings Co., Ltd. to Report Q2, 2023 Results on Apr 11, 2023 Koshidaka Holdings Co., Ltd. announced that they will report Q2, 2023 results on Apr 11, 2023 Announcement • Jan 20
Koshidaka Holdings Co., Ltd. Provides Dividend Guidance for Second Quarter and Full Year of Fiscal Year Ending August 31, 2023 Koshidaka Holdings Co., Ltd. provides dividend guidance for second quarter and full year of Fiscal Year Ending August 31, 2023. For the second quarter, the company expects to pay a dividend of JPY 5.00 per share as compared to JPY 4.00 per share paid a year ago.For the fiscal year ending August 31, 2023, the company expects to pay a dividend of JPY 5.00 per share as compared to JPY 4.00 per share paid a year ago. Announcement • Jan 19
Koshidaka Holdings Co., Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending August 31, 2023 Koshidaka Holdings Co., Ltd. provided consolidated earnings guidance for the first Half and full year of fiscal year ending August 31, 2023. For the first half of fiscal year ending August 31, 2023 on consolidated basis, the company expects net sales of JPY 25,138 million, operating profit of JPY 3,383 million, profit attributable to owners of parent of JPY 2,026 million and net income per share of JPY 24.85. For the full year of fiscal year ending August 31, 2023, on consolidated basis, the company expects net sales of JPY 53,361 million, operating profit of JPY 7,430 million, profit attributable to owners of parent of JPY 4,442 million and net income per share of JPY 54.48. Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥843, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 30x in the Hospitality industry in Japan. Total loss to shareholders of 50% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,090 per share. Reported Earnings • Jan 12
First quarter 2023 earnings released: EPS: JP¥4.01 (vs JP¥2.64 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥4.01 (up from JP¥2.64 loss in 1Q 2022). Revenue: JP¥11.3b (up 77% from 1Q 2022). Net income: JP¥327.0m (up JP¥542.0m from 1Q 2022). Profit margin: 2.9% (up from net loss in 1Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 19% per year. Buying Opportunity • Dec 31
Now 21% undervalued Over the last 90 days, the stock is up 9.6%. The fair value is estimated to be JP¥1,253, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Reported Earnings • Dec 04
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: JP¥44.68 (up from JP¥50.83 loss in FY 2021). Revenue: JP¥38.0b (up 83% from FY 2021). Net income: JP¥3.64b (up JP¥7.79b from FY 2021). Profit margin: 9.6% (up from net loss in FY 2021). Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) exceeded analyst estimates by 6.1%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Nov 27
Koshidaka Holdings Co., Ltd. to Report Q1, 2023 Results on Jan 11, 2023 Koshidaka Holdings Co., Ltd. announced that they will report Q1, 2023 results on Jan 11, 2023 Buying Opportunity • Nov 21
Now 21% undervalued Over the last 90 days, the stock is up 29%. The fair value is estimated to be JP¥1,361, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. 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 not an independent director. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. 3 independent directors (5 non-independent directors). Director Akira Zama was the last 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. Buying Opportunity • Nov 09
Now 21% undervalued Over the last 90 days, the stock is up 33%. The fair value is estimated to be JP¥1,380, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Buying Opportunity • Oct 17
Now 21% undervalued Over the last 90 days, the stock is up 76%. The fair value is estimated to be JP¥1,449, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 37% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 26% in 2 years. Earnings is forecast to decline by 15% in the next 2 years. Announcement • Oct 14
Koshidaka Holdings Co., Ltd., Annual General Meeting, Nov 25, 2022 Koshidaka Holdings Co., Ltd., Annual General Meeting, Nov 25, 2022. Reported Earnings • Oct 13
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: JP¥44.68 (up from JP¥50.83 loss in FY 2021). Revenue: JP¥38.0b (up 83% from FY 2021). Net income: JP¥3.64b (up JP¥7.79b from FY 2021). Profit margin: 9.6% (up from net loss in FY 2021). Revenue missed analyst estimates by 5.5%. Earnings per share (EPS) exceeded analyst estimates by 6.1%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. 
