Reported Earnings • May 09
Full year 2026 earnings released: JP¥111 loss per share (vs JP¥39.48 profit in FY 2025) Full year 2026 results: JP¥111 loss per share (down from JP¥39.48 profit in FY 2025). Revenue: JP¥64.9b (up 1.9% from FY 2025). Net loss: JP¥2.11b (down 382% from profit in FY 2025). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 11 June 2026. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (0.9%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥26.91 (vs JP¥27.10 in 3Q 2025) Third quarter 2026 results: EPS: JP¥26.91 (down from JP¥27.10 in 3Q 2025). Revenue: JP¥16.5b (up 1.7% from 3Q 2025). Net income: JP¥509.0m (flat on 3Q 2025). Profit margin: 3.1% (down from 3.2% in 3Q 2025). 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 8% per year, which means it is significantly lagging earnings growth. Declared Dividend • Dec 09
First half dividend of JP¥9.00 announced Dividend of JP¥9.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 11th June 2026 Dividend yield will be 1.3%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Earnings per share has grown by 66% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 29
Renaissance,Incorporated to Report Q3, 2026 Results on Feb 12, 2026 Renaissance,Incorporated announced that they will report Q3, 2026 results on Feb 12, 2026 Announcement • Nov 28
Renaissance,Incorporated (TSE:2378) executed a share transfer agreement to acquire Kaedenokaze from Takayuki Komuro. Renaissance,Incorporated (TSE:2378) executed a share transfer agreement to acquire Kaedenokaze from Takayuki Komuro on November 27, 2025. Renaissance acquires Kaedenokaze and make Consolidated Subsidiary.
The expected completion of the transaction is December 1, 2025. Reported Earnings • Nov 08
Second quarter 2026 earnings released: JP¥1.41 loss per share (vs JP¥0.74 profit in 2Q 2025) Second quarter 2026 results: JP¥1.41 loss per share (down from JP¥0.74 profit in 2Q 2025). Revenue: JP¥16.1b (up 1.3% from 2Q 2025). Net loss: JP¥26.7m (down 291% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 09 December 2025. Payout ratio is a comfortable 38% but the company is paying out more than the cash it is generating. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (0.8%). Announcement • Sep 01
Renaissance,Incorporated to Report Q2, 2026 Results on Nov 07, 2025 Renaissance,Incorporated announced that they will report Q2, 2026 results on Nov 07, 2025 New Risk • Aug 09
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 47% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥2.65 (vs JP¥10.48 in 1Q 2025) First quarter 2026 results: EPS: JP¥2.65 (down from JP¥10.48 in 1Q 2025). Revenue: JP¥15.6b (flat on 1Q 2025). Net income: JP¥50.0m (down 75% from 1Q 2025). Profit margin: 0.3% (down from 1.3% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥4.00 announced Shareholders will receive a dividend of JP¥4.00. Ex-date: 29th September 2025 Payment date: 9th December 2025 Dividend yield will be 1.2%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but not covered by cash flows (300% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 72% to shift the payout ratio to a potentially unsustainable range, which is more than the 14% EPS decline seen over the last 5 years. Announcement • May 31
Renaissance,Incorporated to Report Q1, 2026 Results on Aug 08, 2025 Renaissance,Incorporated announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 10
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥40.54 (up from JP¥32.40 in FY 2024). Revenue: JP¥63.7b (up 46% from FY 2024). Net income: JP¥766.0m (up 25% from FY 2024). Profit margin: 1.2% (down from 1.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 3.6% 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 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • May 09
Renaissance,Incorporated, Annual General Meeting, Jun 26, 2025 Renaissance,Incorporated, Annual General Meeting, Jun 26, 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: 06 June 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (0.8%). Announcement • Feb 28
Renaissance,Incorporated to Report Fiscal Year 2025 Results on May 09, 2025 Renaissance,Incorporated announced that they will report fiscal year 2025 results on May 09, 2025 Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥27.10 (vs JP¥24.30 in 3Q 2024) Third quarter 2025 results: EPS: JP¥27.10 (up from JP¥24.30 in 3Q 2024). Revenue: JP¥16.2b (up 44% from 3Q 2024). Net income: JP¥512.0m (up 12% from 3Q 2024). Profit margin: 3.2% (down from 4.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Declared Dividend • Dec 10
First half dividend of JP¥8.00 announced Shareholders will receive a dividend of JP¥8.00. Ex-date: 28th March 2025 Payment date: 6th June 2025 Dividend yield will be 1.1%, which is higher than the industry average of 0.6%. Payout Ratios Payout ratio: 28%. Cash payout ratio: 48%. Announcement • Nov 30
Renaissance,Incorporated to Report Q3, 2025 Results on Feb 07, 2025 Renaissance,Incorporated announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥1.27 (vs JP¥3.76 in 2Q 2024) Second quarter 2025 results: EPS: JP¥1.27 (down from JP¥3.76 in 2Q 2024). Revenue: JP¥15.9b (up 48% from 2Q 2024). Net income: JP¥24.0m (down 66% from 2Q 2024). Profit margin: 0.2% (down from 0.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% 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 85% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (0.8%). Announcement • Aug 30
Renaissance,Incorporated Revises Consolidated Earnings Guidance for the First Six Months of Fiscal Year Ending March 31, 2025 Renaissance,Incorporated revised consolidated earnings guidance for the first six months of fiscal year ending March 31, 2025. For the first six months, the company now expects net sales of JPY 31,000 million, operating income of JPY 650 million, net income attributable to owners of parent company of JPY 200 million and net income per share of JPY 10.06. Announcement • Aug 28
Renaissance,Incorporated to Report Q2, 2025 Results on Nov 08, 2024 Renaissance,Incorporated announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: JP¥10.48 (vs JP¥3.66 in 1Q 2024) First quarter 2025 results: EPS: JP¥10.48 (up from JP¥3.66 in 1Q 2024). Revenue: JP¥15.4b (up 49% from 1Q 2024). Net income: JP¥198.0m (up 187% from 1Q 2024). Profit margin: 1.3% (up from 0.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 11
Final dividend of JP¥3.00 announced Shareholders will receive a dividend of JP¥3.00. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 1.0%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (9% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. Announcement • Jun 08
Renaissance,Incorporated to Report Q1, 2025 Results on Aug 08, 2024 Renaissance,Incorporated announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 12
Full year 2024 earnings released: EPS: JP¥33.46 (vs JP¥60.41 loss in FY 2023) Full year 2024 results: EPS: JP¥33.46 (up from JP¥60.41 loss in FY 2023). Revenue: JP¥43.6b (up 7.0% from FY 2023). Net income: JP¥632.0m (up JP¥1.77b from FY 2023). Profit margin: 1.4% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • May 12
Renaissance,Incorporated, Annual General Meeting, Jun 21, 2024 Renaissance,Incorporated, Annual General Meeting, Jun 21, 2024. Buy Or Sell Opportunity • Mar 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to JP¥1,067. The fair value is estimated to be JP¥885, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 13 June 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (0.6%). Announcement • Mar 02
Renaissance,Incorporated to Report Fiscal Year 2024 Results on May 10, 2024 Renaissance,Incorporated announced that they will report fiscal year 2024 results on May 10, 2024 Buy Or Sell Opportunity • Feb 16
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to JP¥1,105. The fair value is estimated to be JP¥900, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥25.10 (vs JP¥0.32 in 3Q 2023) Third quarter 2024 results: EPS: JP¥25.10 (up from JP¥0.32 in 3Q 2023). Revenue: JP¥11.3b (up 8.1% from 3Q 2023). Net income: JP¥474.0m (up JP¥468.0m from 3Q 2023). Profit margin: 4.2% (up from 0.1% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Dec 22
New major risk - Revenue and earnings growth Earnings have declined by 29% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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. This is currently the only risk that has been identified for the company. Announcement • Dec 02
Renaissance,Incorporated Announces Dividend for the End of Second Quarter of the Fiscal Year Ending March 31, 2024 Payable on December 7, 2023 Renaissance,Incorporated announced dividend of JPY 3.0 per share for the End of second quarter of the fiscal year ending March 31,2024, against dividend of JPY 4.0 per share for the previous period. Dividend is payable on December 7, 2023. Announcement • Nov 26
Renaissance,Incorporated to Report Q3, 2024 Results on Feb 09, 2024 Renaissance,Incorporated announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥4.29 (vs JP¥1.43 in 2Q 2023) Second quarter 2024 results: EPS: JP¥4.29 (up from JP¥1.43 in 2Q 2023). Revenue: JP¥10.8b (up 6.1% from 2Q 2023). Net income: JP¥81.0m (up 200% from 2Q 2023). Profit margin: 0.8% (up from 0.3% in 2Q 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Board Change • Oct 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Full-Time Auditor Takako Ishida was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥3.00 per share at 0.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 07 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (0.5%). Announcement • Aug 30
Renaissance,Incorporated to Report Q2, 2024 Results on Nov 10, 2023 Renaissance,Incorporated announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥3.92 (vs JP¥1.11 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥3.92 (up from JP¥1.11 loss in 1Q 2023). Revenue: JP¥10.4b (up 6.6% from 1Q 2023). Net income: JP¥74.0m (up JP¥95.0m from 1Q 2023). Profit margin: 0.7% (up from net loss in 1Q 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Hospitality industry in Japan. 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 2% per year, which means it is significantly lagging earnings growth. Announcement • Aug 12
Renaissance,Incorporated agreed to acquire the remaining 60% stake in Tokyu Sports Oasis, Inc. from Tokyu Land Corporation. Renaissance,Incorporated agreed to acquire the remaining 60% stake in Tokyu Sports Oasis, Inc. from Tokyu Land Corporation on August 10, 2023. The deal has been approved by board of directors of Renaissance,Incorporated, and is expected to be completed on March 31, 2024. Board Change • Jul 22
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. 4 non-independent directors. Independent Outside Director Takumi Matsui was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 01
Renaissance,Incorporated to Report Q1, 2024 Results on Aug 10, 2023 Renaissance,Incorporated announced that they will report Q1, 2024 results on Aug 10, 2023 Announcement • May 12
Renaissance,Incorporated, Annual General Meeting, Jun 28, 2023 Renaissance,Incorporated, Annual General Meeting, Jun 28, 2023. Reported Earnings • May 12
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: JP¥60.41 loss per share (down from JP¥27.16 profit in FY 2022). Revenue: JP¥40.8b (up 9.8% from FY 2022). Net loss: JP¥1.14b (down 322% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% 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¥4.00 per share at 0.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 08 June 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (0.5%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥0.32 (vs JP¥30.07 in 3Q 2022) Third quarter 2023 results: EPS: JP¥0.32 (down from JP¥30.07 in 3Q 2022). Revenue: JP¥10.4b (up 5.8% from 3Q 2022). Net income: JP¥6.00m (down 99% from 3Q 2022). Profit margin: 0.1% (down from 5.8% in 3Q 2022). Revenue is forecast to grow 5.5% 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 increased by 4% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Feb 01
Renaissance,Incorporated announced that it has received ¥5.01157688 billion in funding On January 31, 2023, Renaissance,Incorporated closed the transaction. Announcement • Nov 27
Renaissance,Incorporated to Report Q3, 2023 Results on Feb 10, 2023 Renaissance,Incorporated announced that they will report Q3, 2023 results on Feb 10, 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. 8 experienced directors. 2 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Outside Director Nami Abe was the last independent director to join the board, commencing their role in 2021. 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 13
Second quarter 2023 earnings released: EPS: JP¥1.43 (vs JP¥42.94 in 2Q 2022) Second quarter 2023 results: EPS: JP¥1.43 (down from JP¥42.94 in 2Q 2022). Revenue: JP¥10.1b (up 7.5% from 2Q 2022). Net income: JP¥27.0m (down 97% from 2Q 2022). Profit margin: 0.3% (down from 8.6% in 2Q 2022). Revenue is forecast to grow 4.9% 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 25% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 07 December 2022. Payout ratio is a comfortable 8.2% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (0.5%). Announcement • Sep 01
Renaissance,Incorporated to Report Q2, 2023 Results on Nov 11, 2022 Renaissance,Incorporated announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: JP¥1.11 loss per share (vs JP¥47.33 loss in 1Q 2022) First quarter 2023 results: JP¥1.11 loss per share (up from JP¥47.33 loss in 1Q 2022). Revenue: JP¥9.74b (up 19% from 1Q 2022). Net loss: JP¥21.0m (loss narrowed 98% from 1Q 2022). Over the next year, revenue is forecast to grow 5.3%, compared to a 38% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Jun 03
Renaissance,Incorporated to Report Q1, 2023 Results on Aug 09, 2022 Renaissance,Incorporated announced that they will report Q1, 2023 results on Aug 09, 2022 Announcement • May 12
Renaissance,Incorporated, Annual General Meeting, Jun 23, 2022 Renaissance,Incorporated, Annual General Meeting, Jun 23, 2022. Reported Earnings • May 11
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥27.16 (up from JP¥485 loss in FY 2021). Revenue: JP¥37.1b (up 23% from FY 2021). Net income: JP¥513.0m (up JP¥9.22b from FY 2021). Profit margin: 1.4% (up from net loss in FY 2021). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 1.8%, compared to a 50% growth forecast for the restaurants industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. 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. 6 non-independent directors. Independent Outside Director Nami Abe was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 07
Renaissance,Incorporated to Report Fiscal Year 2022 Results on May 10, 2022 Renaissance,Incorporated announced that they will report fiscal year 2022 results on May 10, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 09 June 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (0.4%). Reported Earnings • Feb 08
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥30.07 (up from JP¥22.44 loss in 3Q 2021). Revenue: JP¥9.86b (up 11% from 3Q 2021). Net income: JP¥568.0m (up JP¥992.0m from 3Q 2021). Profit margin: 5.8% (up from net loss in 3Q 2021). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 5.0%, compared to a 67% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥42.94 (vs JP¥16.12 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥9.44b (up 8.1% from 2Q 2021). Net income: JP¥811.0m (up JP¥1.10b from 2Q 2021). Profit margin: 8.6% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Reported Earnings • May 15
Full year 2021 earnings released: JP¥485 loss per share (vs JP¥84.63 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥30.2b (down 33% from FY 2020). Net loss: JP¥8.71b (down JP¥10.1b from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥2.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 09 June 2021. Trailing yield: 0.2%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (0.5%). Announcement • Mar 05
Renaissance,Incorporated to Report Fiscal Year 2021 Results on May 12, 2021 Renaissance,Incorporated announced that they will report fiscal year 2021 results on May 12, 2021 Is New 90 Day High Low • Feb 24
New 90-day high: JP¥1,274 The company is up 44% from its price of JP¥882 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 6.0% over the same period. Reported Earnings • Feb 11
Third quarter 2021 earnings released: JP¥22.44 loss per share (vs JP¥45.38 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥8.92b (down 24% from 3Q 2020). Net loss: JP¥424.0m (down 157% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 75% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 11
Revenue and earnings miss expectations Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 43%. Over the next year, revenue is forecast to grow 17%, compared to a 42% growth forecast for the Hospitality industry in Japan. Announcement • Feb 03
Renaissance,Incorporated (TSE:2378) signed a basic agreement to acquire 51.7% stake in BEACH TOWN Corporation. Renaissance,Incorporated (TSE:2378) signed a basic agreement to acquire 51.7% stake in BEACH TOWN Corporation on February 3, 2021. Acquisition time is scheduled for April 1, 2021. Renaissance,Incorporated will acquire 31 shares in total. Is New 90 Day High Low • Feb 03
New 90-day high: JP¥985 The company is up 26% from its price of JP¥784 on 05 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 8.0% over the same period. Announcement • Dec 25
Renaissance,Incorporated to Report Q3, 2021 Results on Feb 09, 2021 Renaissance,Incorporated announced that they will report Q3, 2021 results on Feb 09, 2021 Price Target Changed • Dec 01
Price target lowered to JP¥1,180 Down from JP¥2,500, the current price target is an average from 2 analysts. The new target price is 35% above the current share price of JP¥875. As of last close, the stock is down 50% over the past year. 
