Major Estimate Revision • May 28
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2027 has been updated. 2027 EPS estimate fell from JP¥163 to JP¥135 per share. Revenue forecast steady at JP¥93.0b. Net income forecast to grow 7.2% next year vs 9.3% growth forecast for Hospitality industry in Japan. Consensus price target of JP¥3,700 unchanged from last update. Share price fell 4.0% to JP¥2,499 over the past week. Reported Earnings • May 15
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥125 (up from JP¥124 in FY 2025). Revenue: JP¥88.4b (up 25% from FY 2025). Net income: JP¥2.71b (up 6.5% from FY 2025). Profit margin: 3.1% (down from 3.6% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.7%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 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 51% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Saint Marc Holdings Co., Ltd., Annual General Meeting, Jun 25, 2026 Saint Marc Holdings Co., Ltd., Annual General Meeting, Jun 25, 2026. Announcement • May 09
Saint Marc Holdings Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Saint Marc Holdings Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 Buy Or Sell Opportunity • Apr 06
Now 21% undervalued Over the last 90 days, the stock has risen 9.7% to JP¥2,955. The fair value is estimated to be JP¥3,740, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 52% in the next 2 years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (0.9%). Price Target Changed • Mar 20
Price target increased by 16% to JP¥3,700 Up from JP¥3,200, the current price target is provided by 1 analyst. New target price is 21% above last closing price of JP¥3,065. Stock is up 26% over the past year. The company is forecast to post earnings per share of JP¥115 for next year compared to JP¥124 last year. Buy Or Sell Opportunity • Mar 12
Now 21% undervalued Over the last 90 days, the stock has risen 16% to JP¥3,095. The fair value is estimated to be JP¥3,900, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 50% in the next 2 years. New Risk • Feb 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 25% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥38.22 (vs JP¥12.30 in 3Q 2025) Third quarter 2026 results: EPS: JP¥38.22 (up from JP¥12.30 in 3Q 2025). Revenue: JP¥22.4b (up 35% from 3Q 2025). Net income: JP¥820.3m (up 231% from 3Q 2025). Profit margin: 3.7% (up from 1.5% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% 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 63% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Declared Dividend • Dec 10
First half dividend of JP¥26.00 announced Dividend of JP¥26.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 1.9%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has decreased over the past 10 years, but has still been somewhat stable with no excessively large reductions to payments. EPS is expected to grow by 111% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Major Estimate Revision • Nov 27
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥86.3b to JP¥88.0b. EPS estimate increased from JP¥106 to JP¥119 per share. Net income forecast to grow 60% next year vs 12% growth forecast for Hospitality industry in Japan. Consensus price target of JP¥3,200 unchanged from last update. Share price rose 4.5% to JP¥2,665 over the past week. Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: JP¥29.15 (vs JP¥27.74 in 2Q 2025) Second quarter 2026 results: EPS: JP¥29.15 (up from JP¥27.74 in 2Q 2025). Revenue: JP¥22.1b (up 30% from 2Q 2025). Net income: JP¥630.2m (up 11% from 2Q 2025). Profit margin: 2.8% (down from 3.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 10 December 2025. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (0.8%). Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: JP¥19.09 (vs JP¥54.11 in 1Q 2025) First quarter 2026 results: EPS: JP¥19.09 (down from JP¥54.11 in 1Q 2025). Revenue: JP¥21.4b (up 35% from 1Q 2025). Net income: JP¥417.8m (down 62% from 1Q 2025). Profit margin: 1.9% (down from 6.9% in 1Q 2025). Revenue is forecast to grow 9.4% 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 90% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥26.00 announced Dividend of JP¥26.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 10th December 2025 Dividend yield will be 2.2%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has not increased over the past 10 years but has been stable with no material reductions to payments, indicating a long track record of dividend stability. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 29
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥124 (up from JP¥47.44 in FY 2024). Revenue: JP¥70.9b (up 9.8% from FY 2024). Net income: JP¥2.54b (up 162% from FY 2024). Profit margin: 3.6% (up from 1.5% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Revenue is forecast to grow 11% 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 111% 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 • May 15
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥124 (up from JP¥47.44 in FY 2024). Revenue: JP¥70.9b (up 9.8% from FY 2024). Net income: JP¥2.54b (up 162% from FY 2024). Profit margin: 3.6% (up from 1.5% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Revenue is forecast to grow 16% 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 111% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Saint Marc Holdings Co., Ltd., Annual General Meeting, Jun 25, 2025 Saint Marc Holdings Co., Ltd., Annual General Meeting, Jun 25, 2025. Announcement • Mar 27
Saint Marc Holdings Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Saint Marc Holdings Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (0.8%). Announcement • Feb 26
Saint Marc Holdings Co., Ltd. (TSE:3395) announces an Equity Buyback for 2,822,400 shares, for ¥6,499.99 million. Saint Marc Holdings Co., Ltd. (TSE:3395) announces a share repurchase program. Under the program, the company will repurchase up to 2,822,400 shares, representing 13.80% of its issued share capital, for ¥6,499.99 million. The repurchase price will be ¥2,303 per share. The purpose of the program is to improve capital efficiency and enable the implementation of a flexible capital policy in response to changes in the business environment. As of September 30, 2024, the company had 20,448,858 shares (excluding treasury stock) and 2,328,512 shares in treasury. Buy Or Sell Opportunity • Feb 17
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at JP¥2,333. The fair value is estimated to be JP¥2,972, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 68% in the next 2 years. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥12.30 (vs JP¥22.16 in 3Q 2024) Third quarter 2025 results: EPS: JP¥12.30 (down from JP¥22.16 in 3Q 2024). Revenue: JP¥16.6b (up 1.9% from 3Q 2024). Net income: JP¥248.0m (down 45% from 3Q 2024). Profit margin: 1.5% (down from 2.8% in 3Q 2024). Revenue is forecast to grow 13% 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 120% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Feb 14
Saint Marc Holdings Co., Ltd. (TSE:3395) announces an Equity Buyback for 4,000,000 shares, representing 19.56% for ¥10,400 million. Saint Marc Holdings Co., Ltd. (TSE:3395) announces a share repurchase program. Under the program, the company will repurchase up to 4,000,000 shares, representing 19.56% of its issued share capital, for ¥10,400 million. The purpose of the program is to improve capital efficiency and enable flexible capital policies. The program will expire on February 28, 2025. As of September 30, 2024, the company had 20,448,858 shares (excluding treasury stock) and 2,328,512 shares in treasury. Announcement • Nov 20
Saint Marc Holdings Co., Ltd. (TSE:3395) agreed to acquire BQ International Co., Ltd./B-class Gourmet Research Institute Holdings Co., Ltd. for ¥10.4 billion. Saint Marc Holdings Co., Ltd. (TSE:3395) agreed to acquire BQ International Co., Ltd./B-class Gourmet Research Institute Holdings Co., Ltd. for ¥10.4 billion on November 19, 2024. A cash consideration of ¥10.4 billion will be paid by Saint Marc Holdings Co., Ltd. As part of consideration, ¥10.4 billion is paid towards common equity of BQ International Co., Ltd./B-class Gourmet Research Institute Holdings Co., Ltd.
The expected completion of the transaction is December 1, 2024 to December 10, 2024. Announcement • Nov 19
Saint Marc Holdings Co., Ltd. (TSE:3395) announces an Equity Buyback for 500,000 shares, representing 2.45% for ¥1,175 million. Saint Marc Holdings Co., Ltd. (TSE:3395) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.45% of its issued share capital, for ¥ 1,175 million. The repurchase price will be ¥2,350 per share. The purpose of the program is to enable the company to flexibly implement capital policies in response to future changes in the business environment. As of September 30, 2024, the company had 20,448,858 shares (excluding treasury stock) and 2,328,512 shares in treasury. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (0.8%). Reported Earnings • Aug 08
First quarter 2025 earnings released: EPS: JP¥54.09 (vs JP¥1.66 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥54.09 (up from JP¥1.66 loss in 1Q 2024). Revenue: JP¥15.9b (up 4.7% from 1Q 2024). Net income: JP¥1.11b (up JP¥1.14b from 1Q 2024). Profit margin: 6.9% (up from net loss in 1Q 2024). Revenue is forecast to grow 4.1% 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 114% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Jul 29
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at JP¥2,126. The fair value is estimated to be JP¥1,766, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Buy Or Sell Opportunity • May 21
Now 20% overvalued Over the last 90 days, the stock has fallen 4.5% to JP¥2,104. The fair value is estimated to be JP¥1,748, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 3.9% in 2 years. Earnings are forecast to grow by 74% in the next 2 years. Reported Earnings • May 16
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: JP¥47.44 (up from JP¥20.12 in FY 2023). Revenue: JP¥64.6b (up 12% from FY 2023). Net income: JP¥969.0m (up 133% from FY 2023). Profit margin: 1.5% (up from 0.7% in FY 2023). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 32%. Revenue is forecast to grow 2.0% p.a. on average during the next 2 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 105% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • May 15
Saint Marc Holdings Co., Ltd., Annual General Meeting, Jun 26, 2024 Saint Marc Holdings Co., Ltd., Annual General Meeting, Jun 26, 2024. Announcement • Mar 28
Saint Marc Holdings Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Saint Marc Holdings Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (0.6%). Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥22.16 (vs JP¥13.27 in 3Q 2023) Third quarter 2024 results: EPS: JP¥22.16 (up from JP¥13.27 in 3Q 2023). Revenue: JP¥16.3b (up 8.3% from 3Q 2023). Net income: JP¥452.0m (up 65% from 3Q 2023). Profit margin: 2.8% (up from 1.8% in 3Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 7.3% 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 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Second quarter 2024 earnings released: EPS: JP¥27.08 (vs JP¥5.74 in 2Q 2023) Second quarter 2024 results: EPS: JP¥27.08 (up from JP¥5.74 in 2Q 2023). Revenue: JP¥16.3b (up 17% from 2Q 2023). Net income: JP¥552.0m (up 364% from 2Q 2023). Profit margin: 3.4% (up from 0.9% in 2Q 2023). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥25.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (0.5%). Reported Earnings • Aug 09
First quarter 2024 earnings released: JP¥1.66 loss per share (vs JP¥13.17 profit in 1Q 2023) First quarter 2024 results: JP¥1.66 loss per share (down from JP¥13.17 profit in 1Q 2023). Revenue: JP¥15.2b (up 12% from 1Q 2023). Net loss: JP¥34.0m (down 113% from profit in 1Q 2023). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 14
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥20.12 (up from JP¥222 loss in FY 2022). Revenue: JP¥57.8b (up 21% from FY 2022). Net income: JP¥416.0m (up JP¥5.13b from FY 2022). Profit margin: 0.7% (up from net loss in FY 2022). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates by 37%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Saint Marc Holdings Co., Ltd. (TSE:3395) announces an Equity Buyback for 200,000 shares, representing 0.97% for ¥450 million. Saint Marc Holdings Co., Ltd. (TSE:3395) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 0.97% for ¥450 million. The purpose of the program is to improve capital efficiency and enable flexible execution of capital policy in response to changes in the business environment. The plan will be valid till June 30, 2023. As of March 31, 2023, the company had 20,553,110 shares outstanding (excluding treasury stock) and 2,224,260 shares in treasury. Announcement • May 13
Saint Marc Holdings Co., Ltd., Annual General Meeting, Jun 23, 2023 Saint Marc Holdings Co., Ltd., Annual General Meeting, Jun 23, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (0.5%). Reported Earnings • Feb 08
Third quarter 2023 earnings released: EPS: JP¥13.27 (vs JP¥88.98 in 3Q 2022) Third quarter 2023 results: EPS: JP¥13.27 (down from JP¥88.98 in 3Q 2022). Revenue: JP¥15.0b (up 9.8% from 3Q 2022). Net income: JP¥274.0m (down 86% from 3Q 2022). Profit margin: 1.8% (down from 14% in 3Q 2022). Revenue is forecast to grow 4.1% 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 9% per year whereas the company’s share price has fallen by 8% per year. Major Estimate Revision • Nov 26
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥55.25 to JP¥24.15 per share. Revenue forecast steady at JP¥56.2b. Net income forecast to shrink 63% next year vs 3.0% decline forecast for Hospitality industry in Japan. Consensus price target of JP¥1,500 unchanged from last update. Share price rose 2.6% to JP¥1,723 over the past week. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥5.74 (vs JP¥262 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥5.74 (up from JP¥262 loss in 2Q 2022). Revenue: JP¥13.9b (up 21% from 2Q 2022). Net income: JP¥119.0m (up JP¥5.71b from 2Q 2022). Profit margin: 0.9% (up from net loss in 2Q 2022). Revenue is forecast to grow 4.4% 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 39% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 9 new directors. 1 experienced director. 2 highly experienced directors. 3 independent directors (6 non-independent directors). Outside Audit & Supervisory Board Member Kazuyoshi Fukuhara is the most experienced director on the board, commencing their role in 2005. Independent Outside Director Shinya Kitagawa was the last independent 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: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥5.74 (vs JP¥262 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥5.74 (up from JP¥262 loss in 2Q 2022). Revenue: JP¥13.9b (up 21% from 2Q 2022). Net income: JP¥119.0m (up JP¥5.71b from 2Q 2022). Profit margin: 0.9% (up from net loss in 2Q 2022). Revenue is forecast to grow 4.4% 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 39% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Nov 12
Saint Marc Holdings Co., Ltd. (TSE:3395) announces an Equity Buyback for 200,000 shares, representing 0.96% for ¥350 million. Saint Marc Holdings Co., Ltd. (TSE:3395) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 0.96% for ¥350 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The plan will be valid till December 30, 2022. As of September 30, 2022, the company had 20,753,240 shares outstanding and 2,024,130 shares in treasury. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (0.5%). Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥13.17 (vs JP¥7.23 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥13.17 (up from JP¥7.23 loss in 1Q 2022). Revenue: JP¥13.6b (up 30% from 1Q 2022). Net income: JP¥273.0m (up JP¥427.0m from 1Q 2022). Profit margin: 2.0% (up from net loss in 1Q 2022). Over the next year, revenue is forecast to grow 12%, compared to a 38% 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 58 percentage points per year, which is a significant difference in performance. Reported Earnings • May 18
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: JP¥222 loss per share (up from JP¥378 loss in FY 2021). Revenue: JP¥47.7b (up 8.5% from FY 2021). Net loss: JP¥4.71b (loss narrowed 42% from FY 2021). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 21%, compared to a 49% 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 70 percentage points per year, which is a significant difference in performance. Announcement • May 15
Saint Marc Holdings Co., Ltd., Annual General Meeting, Jun 23, 2022 Saint Marc Holdings Co., Ltd., Annual General Meeting, Jun 23, 2022. Price Target Changed • Apr 27
Price target decreased to JP¥1,500 Down from JP¥1,650, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥1,459. Stock is down 14% over the past year. The company is forecast to post a net loss per share of JP¥199 next year compared to a net loss per share of JP¥378 last year. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 2 experienced directors. 3 highly experienced directors. 2 independent directors (7 non-independent directors). Outside Audit & Supervisory Board Member Tatsuhiko Ishii is the most experienced director on the board, commencing their role in 2005. Independent Outside Director Watanabe Katsushi was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 07
Saint Marc Holdings Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Saint Marc Holdings Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (0.4%). Announcement • Feb 18
Saint Marc Holdings Co., Ltd. (TSE:3395) announces an Equity Buyback for 200,000 shares, representing 0.94% for ¥324.4 million. Saint Marc Holdings Co., Ltd. (TSE:3395) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 0.94% for ¥324.4 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The plan will be valid till February 17, 2022. As of December 31, 2021, the company had 21,330,702 shares outstanding and 1,446,668 shares in treasury. Price Target Changed • Feb 10
Price target decreased to JP¥1,500 Down from JP¥1,650, the current price target is an average from 2 analysts. New target price is 6.5% below last closing price of JP¥1,605. Stock is up 1.8% over the past year. The company is forecast to post a net loss per share of JP¥199 next year compared to a net loss per share of JP¥378 last year. Reported Earnings • Feb 07
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥88.98 (up from JP¥0.66 loss in 3Q 2021). Revenue: JP¥13.7b (flat on 3Q 2021). Net income: JP¥1.90b (up JP¥1.91b from 3Q 2021). Profit margin: 14% (up from net loss in 3Q 2021). Revenue exceeded analyst estimates by 8.4%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 18%, 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 83 percentage points per year, which is a significant difference in performance. Price Target Changed • Nov 23
Price target decreased to JP¥1,550 Down from JP¥1,950, the current price target is an average from 2 analysts. New target price is 6.5% above last closing price of JP¥1,456. Stock is down 2.0% over the past year. The company is forecast to post a net loss per share of JP¥211 next year compared to a net loss per share of JP¥378 last year. Reported Earnings • Nov 13
Second quarter 2022 earnings released: JP¥262 loss per share (vs JP¥104 loss in 2Q 2021) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2022 results: Revenue: JP¥11.5b (down 11% from 2Q 2021). Net loss: JP¥5.59b (loss widened 152% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 10 December 2021. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (0.5%). Reported Earnings • Aug 09
First quarter 2022 earnings released: JP¥7.23 loss per share (vs JP¥169 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥10.4b (up 94% from 1Q 2021). Net loss: JP¥154.0m (loss narrowed 96% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Announcement • Jun 08
Saint Marc Holdings Co., Ltd. announced that it has received ¥16.80504 million in funding from AAGS S2, LP On June 7, 2021, Saint Marc Holdings Co., Ltd. (TSE:3395) closed the transaction. Announcement • May 21
Saint Marc Holdings Co., Ltd. announced that it expects to receive ¥16.80504 million in funding from AAGS S2, LP Saint Marc Holdings Co., Ltd. (TSE:3395) announced a private placement of 5,716 series 8th stock acquisition rights at a price of ¥2,940 per right for gross proceeds of ¥16,805,040 with AAGS S2, LP on May 20, 2021. The rights are exercisable at ¥1,662 per share between June 15, 2021 to June 12, 2026. The investor will acquire 16.45% stake upon exercise. The expected closing date is June 7, 2021 and payment date is June 14, 2021. The transaction is approved by the board of directors of the company. Reported Earnings • May 16
Full year 2021 earnings released: JP¥378 loss per share (vs JP¥69.76 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¥44.0b (down 36% from FY 2020). Net loss: JP¥8.06b (down JP¥9.55b 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 83 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (0.5%). Price Target Changed • Feb 23
Price target raised to JP¥1,750 Up from JP¥1,600, the current price target is an average from 2 analysts. The new target price is 7.6% above the current share price of JP¥1,626. As of last close, the stock is down 22% over the past year. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥1,615 The company is up 3.0% from its price of JP¥1,566 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,505 per share. Reported Earnings • Feb 07
Third quarter 2021 earnings released: JP¥0.66 loss per share (vs JP¥29.71 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¥13.7b (down 22% from 3Q 2020). Net loss: JP¥14.0m (down 102% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 87% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 07
Revenue and earnings miss expectations Revenue missed analyst estimates by 0.7%. Earnings per share (EPS) also missed analyst estimates by 47%. Over the next year, revenue is forecast to grow 16%, compared to a 42% growth forecast for the Hospitality industry in Japan. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥1,390 The company is down 13% from its price of JP¥1,593 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,579 per share. Is New 90 Day High Low • Dec 01
New 90-day low: JP¥1,406 The company is down 12% from its price of JP¥1,602 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,297 per share. 
