Reported Earnings • May 16
Third quarter 2026 earnings released: EPS: JP¥33.20 (vs JP¥48.41 in 3Q 2025) Third quarter 2026 results: EPS: JP¥33.20 (down from JP¥48.41 in 3Q 2025). Revenue: JP¥6.34b (down 8.3% from 3Q 2025). Net income: JP¥244.0m (down 32% from 3Q 2025). Profit margin: 3.9% (down from 5.2% in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 14
Second quarter 2026 earnings released: EPS: JP¥20.05 (vs JP¥50.96 in 2Q 2025) Second quarter 2026 results: EPS: JP¥20.05 (down from JP¥50.96 in 2Q 2025). Revenue: JP¥6.39b (up 6.3% from 2Q 2025). Net income: JP¥149.0m (down 61% from 2Q 2025). Profit margin: 2.3% (down from 6.3% in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Announcement • Dec 27
Adventure, Inc. to Report Q2, 2026 Results on Feb 13, 2026 Adventure, Inc. announced that they will report Q2, 2026 results on Feb 13, 2026 New Risk • Dec 25
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 5.6% 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 have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (JP¥13.0b market cap, or US$83.2m). New Risk • Nov 17
New major risk - Revenue and earnings growth Earnings have declined by 12% 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥15.4b market cap, or US$99.8m). New Risk • Nov 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.4b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Nov 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 37% to JP¥2,077. The fair value is estimated to be JP¥2,664, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 01
Full year 2025 earnings released: JP¥230 loss per share (vs JP¥100 profit in FY 2024) Full year 2025 results: JP¥230 loss per share (down from JP¥100 profit in FY 2024). Revenue: JP¥25.4b (up 13% from FY 2024). Net loss: JP¥1.71b (down 328% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 39% per year, which means it has not declined as severely as earnings. Announcement • Oct 23
Adventure, Inc. to Report Q1, 2026 Results on Nov 13, 2025 Adventure, Inc. announced that they will report Q1, 2026 results on Nov 13, 2025 Board Change • Oct 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. 3 experienced directors. 6 highly experienced directors. Outside Independent Director Yukari Nagata 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. Buy Or Sell Opportunity • Aug 18
Now 21% overvalued Over the last 90 days, the stock has fallen 9.6% to JP¥3,325. The fair value is estimated to be JP¥2,759, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has declined by 18%. Buy Or Sell Opportunity • Jul 23
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to JP¥3,300. The fair value is estimated to be JP¥2,734, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has declined by 18%. Announcement • Jul 02
Adventure, Inc. to Report Fiscal Year 2025 Results on Aug 13, 2025 Adventure, Inc. announced that they will report fiscal year 2025 results on Aug 13, 2025 Upcoming Dividend • Jun 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (0.8%). Buy Or Sell Opportunity • Jun 05
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at JP¥3,555. The fair value is estimated to be JP¥2,905, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has declined by 18%. Reported Earnings • May 15
Third quarter 2025 earnings released: EPS: JP¥48.41 (vs JP¥42.66 in 3Q 2024) Third quarter 2025 results: EPS: JP¥48.41 (up from JP¥42.66 in 3Q 2024). Revenue: JP¥6.91b (up 11% from 3Q 2024). Net income: JP¥360.0m (up 12% from 3Q 2024). Profit margin: 5.2% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 22% per year. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥2,879, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 23x in the Hospitality industry in Japan. Total loss to shareholders of 67% over the past three years. Announcement • Mar 27
Adventure, Inc. to Report Q3, 2025 Results on May 13, 2025 Adventure, Inc. announced that they will report Q3, 2025 results on May 13, 2025 Reported Earnings • Feb 15
Second quarter 2025 earnings released: EPS: JP¥50.96 (vs JP¥24.72 in 2Q 2024) Second quarter 2025 results: EPS: JP¥50.96 (up from JP¥24.72 in 2Q 2024). Revenue: JP¥6.01b (up 26% from 2Q 2024). Net income: JP¥379.0m (up 104% from 2Q 2024). Profit margin: 6.3% (up from 3.9% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Announcement • Jan 03
Adventure, Inc. to Report Q2, 2025 Results on Feb 13, 2025 Adventure, Inc. announced that they will report Q2, 2025 results on Feb 13, 2025 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥3,260, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Hospitality industry in Japan. Total loss to shareholders of 54% over the past three years. Reported Earnings • Oct 03
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥100 (down from JP¥243 in FY 2023). Revenue: JP¥22.4b (up 12% from FY 2023). Net income: JP¥750.0m (down 59% from FY 2023). Profit margin: 3.3% (down from 9.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 26% p.a. on average during the next 2 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 6% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Oct 01
Adventure, Inc. to Report Q1, 2025 Results on Nov 13, 2024 Adventure, Inc. announced that they will report Q1, 2025 results on Nov 13, 2024 Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥4,730, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 22x in the Hospitality industry in Japan. Total loss to shareholders of 47% over the past three years. New Risk • Sep 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (3.3% net profit margin). Reported Earnings • Aug 18
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥100 (down from JP¥243 in FY 2023). Revenue: JP¥22.4b (up 12% from FY 2023). Net income: JP¥750.0m (down 59% from FY 2023). Profit margin: 3.3% (down from 9.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 26% p.a. on average during the next 2 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 6% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Aug 13
Adventure, Inc., Annual General Meeting, Sep 27, 2024 Adventure, Inc., Annual General Meeting, Sep 27, 2024. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥4,105, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the Hospitality industry in Japan. Total loss to shareholders of 38% over the past three years. Major Estimate Revision • Jul 12
Consensus revenue estimates fall by 17% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥27.3b to JP¥22.6b. EPS estimate fell from JP¥292 to JP¥154 per share. Net income forecast to grow 39% next year vs 17% growth forecast for Hospitality industry in Japan. Consensus price target down from JP¥9,340 to JP¥6,590. Share price rose 6.3% to JP¥4,930 over the past week. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (0.7%). Announcement • Jun 06
Adventure, Inc. to Report Fiscal Year 2024 Results on Aug 13, 2024 Adventure, Inc. announced that they will report fiscal year 2024 results on Aug 13, 2024 Reported Earnings • May 16
Third quarter 2024 earnings released: EPS: JP¥42.66 (vs JP¥76.58 in 3Q 2023) Third quarter 2024 results: EPS: JP¥42.66 (down from JP¥76.58 in 3Q 2023). Revenue: JP¥6.21b (up 10% from 3Q 2023). Net income: JP¥321.0m (down 44% from 3Q 2023). Profit margin: 5.2% (down from 10% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 32% 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 26% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • May 15
Adventure, Inc. (TSE:6030) agreed to acquire Quesqu, inc. from Daisuke Sakai for approximately ¥480 million. Adventure, Inc. (TSE:6030) agreed to acquire Quesqu, inc. from Daisuke Sakai for approximately ¥480 million on May 13, 2024. The consideration consists of ¥482.5 million in cash. As part of the consideration, ¥482.5 million was paid towards common equity. Quesqu, inc. reported Total revenue of ¥14.1 million, total assets worth ¥34.9 million, Net income of ¥5 million and Total Common equity of ¥27.2 million as on January 2024. transaction is expected to complete on July 1, 2024. Announcement • May 14
Adventure, Inc. (TSE:6030) announces an Equity Buyback for 800,000 shares, representing 10.63% for ¥2,500 million. Adventure Inc. (TSE:6030) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 10.63% of its share capital, for ¥2,500 million. The company will repurchase its shares in order to implement flexible capital policies in response to changes in the business environment. The share repurchase program will run until August 30, 2024. As of April 30, 2034, the company had 7,524,426 shares outstanding (excluding treasury shares) and 274 shares in treasury. Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥3,990, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 23x in the Hospitality industry in Japan. Total loss to shareholders of 41% over the past three years. New Risk • Apr 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (7.1% net profit margin). Announcement • Mar 06
Adventure, Inc. to Report Q3, 2024 Results on May 13, 2024 Adventure, Inc. announced that they will report Q3, 2024 results on May 13, 2024 Reported Earnings • Feb 14
Second quarter 2024 earnings released: EPS: JP¥24.85 (vs JP¥13.45 in 2Q 2023) Second quarter 2024 results: EPS: JP¥24.85 (up from JP¥13.45 in 2Q 2023). Revenue: JP¥4.76b (up 8.3% from 2Q 2023). Net income: JP¥187.0m (up 85% from 2Q 2023). Profit margin: 3.9% (up from 2.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 30% 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 45% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Dec 07
Adventure, Inc. to Report Q2, 2024 Results on Feb 13, 2024 Adventure, Inc. announced that they will report Q2, 2024 results on Feb 13, 2024 Reported Earnings • Nov 15
First quarter 2024 earnings released: EPS: JP¥55.69 (vs JP¥112 in 1Q 2023) First quarter 2024 results: EPS: JP¥55.69 (down from JP¥112 in 1Q 2023). Revenue: JP¥5.62b (up 13% from 1Q 2023). Net income: JP¥419.0m (down 50% from 1Q 2023). Profit margin: 7.5% (down from 17% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% 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 58% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥4,635, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 27x in the Hospitality industry in Japan. Total loss to shareholders of 2.0% over the past three years. Buying Opportunity • Oct 23
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 48%. The fair value is estimated to be JP¥6,173, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 43% over the last 3 years. Earnings per share has grown by 71%. New Risk • Oct 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Buying Opportunity • Oct 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 50%. The fair value is estimated to be JP¥6,054, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 43% over the last 3 years. Earnings per share has grown by 71%. Announcement • Oct 01
Adventure, Inc. to Report Q1, 2024 Results on Nov 13, 2023 Adventure, Inc. announced that they will report Q1, 2024 results on Nov 13, 2023 Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥7,440, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 32x in the Hospitality industry in Japan. Total returns to shareholders of 104% over the past three years. New Risk • Aug 15
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 6.6% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 12
Full year 2023 earnings released: EPS: JP¥243 (vs JP¥186 in FY 2022) Full year 2023 results: EPS: JP¥243 (up from JP¥186 in FY 2022). Revenue: JP¥20.0b (up 70% from FY 2022). Net income: JP¥1.83b (up 37% from FY 2022). Profit margin: 9.1% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Announcement • Aug 12
Adventure, Inc., Annual General Meeting, Sep 27, 2023 Adventure, Inc., Annual General Meeting, Sep 27, 2023. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥22.00 per share at 0.2% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 27 September 2023. Payout ratio is a comfortable 7.5% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (0.5%). Announcement • Jun 03
Adventure, Inc. to Report Fiscal Year 2023 Results on Aug 10, 2023 Adventure, Inc. announced that they will report fiscal year 2023 results on Aug 10, 2023 Reported Earnings • May 17
Third quarter 2023 earnings released: EPS: JP¥76.58 (vs JP¥41.73 in 3Q 2022) Third quarter 2023 results: EPS: JP¥76.58 (up from JP¥41.73 in 3Q 2022). Revenue: JP¥5.64b (up 97% from 3Q 2022). Net income: JP¥576.0m (up 84% from 3Q 2022). Profit margin: 10% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 12
Second quarter 2023 earnings released Second quarter 2023 results: EPS: JP¥13.58. Net income: JP¥102.0m (up JP¥102.0m from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥10,150, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 24x in the Hospitality industry in Japan. Total returns to shareholders of 167% over the past three years. Announcement • Dec 01
Adventure Inc. to Report Q2, 2023 Results on Feb 10, 2023 Adventure Inc. announced that they will report Q2, 2023 results on Feb 10, 2023 Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Member of Audit & Supervisory Board Akiko Ogura was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
First quarter 2023 earnings released: EPS: JP¥112 (vs JP¥50.50 in 1Q 2022) First quarter 2023 results: EPS: JP¥112 (up from JP¥50.50 in 1Q 2022). Revenue: JP¥4.96b (down 46% from 1Q 2022). Net income: JP¥841.0m (up 147% from 1Q 2022). Profit margin: 17% (up from 3.7% in 1Q 2022). The increase in margin was driven by lower expenses. 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 56% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Adventure Inc. to Report Q1, 2023 Results on Nov 11, 2022 Adventure Inc. announced that they will report Q1, 2023 results on Nov 11, 2022 Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥12,560, the stock trades at a trailing P/E ratio of 70.6x. Average trailing P/E is 23x in the Hospitality industry in Japan. Total returns to shareholders of 369% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥10,440, the stock trades at a trailing P/E ratio of 58.7x. Average trailing P/E is 22x in the Hospitality industry in Japan. Total returns to shareholders of 295% over the past three years. Reported Earnings • Aug 15
Full year 2022 earnings released: EPS: JP¥186 (vs JP¥111 in FY 2021) Full year 2022 results: EPS: JP¥186 (up from JP¥111 in FY 2021). Revenue: JP¥11.8b (down 68% from FY 2021). Net income: JP¥1.33b (up 77% from FY 2021). Profit margin: 11% (up from 2.1% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Announcement • Aug 14
Adventure Inc., Annual General Meeting, Sep 26, 2022 Adventure Inc., Annual General Meeting, Sep 26, 2022. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥7,400, the stock trades at a trailing P/E ratio of 55.3x. Average trailing P/E is 27x in the Hospitality industry in Japan. Total returns to shareholders of 89% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 27 September 2022. Payout ratio is a comfortable 6.9% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (0.6%). Announcement • Jun 03
Adventure Inc. to Report Fiscal Year 2022 Results on Aug 12, 2022 Adventure Inc. announced that they will report fiscal year 2022 results on Aug 12, 2022 Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥9,110, the stock trades at a trailing P/E ratio of 68.1x. Average trailing P/E is 27x in the Hospitality industry in Japan. Total returns to shareholders of 127% over the past three years. Reported Earnings • May 19
Third quarter 2022 earnings released: EPS: JP¥32.17 (vs JP¥43.10 in 3Q 2021) Third quarter 2022 results: EPS: JP¥32.17 (down from JP¥43.10 in 3Q 2021). Revenue: -JP¥11.4b (down 217% from 3Q 2021). Net income: JP¥241.0m (down 17% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Member of Audit & Supervisory Board Akiko Ogura was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Adventure Inc. to Report Q3, 2022 Results on May 13, 2022 Adventure Inc. announced that they will report Q3, 2022 results on May 13, 2022 Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥6,190, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 24x in the Hospitality industry in Japan. Total returns to shareholders of 22% over the past three years. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥7,840, the stock trades at a trailing P/E ratio of 63x. Average trailing P/E is 26x in the Hospitality industry in Japan. Total returns to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment deteriorated over the past week After last week's 20% share price decline to JP¥7,960, the stock trades at a trailing P/E ratio of 57.6x. Average trailing P/E is 31x in the Hospitality industry in Japan. Total loss to shareholders of 3.2% over the past three years. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥10,520, the stock trades at a trailing P/E ratio of 76.1x. Average trailing P/E is 35x in the Hospitality industry in Japan. Total returns to shareholders of 9.0% over the past three years. Reported Earnings • Nov 16
First quarter 2022 earnings released: EPS JP¥50.50 (vs JP¥23.70 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥9.26b (up 23% from 1Q 2021). Net income: JP¥341.0m (up 113% from 1Q 2021). Profit margin: 3.7% (up from 2.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥7,760, the stock trades at a trailing P/E ratio of 69.7x. Average trailing P/E is 41x in the Hospitality industry in Japan. Total loss to shareholders of 18% over the past three years. Reported Earnings • May 17
Third quarter 2021 earnings released: EPS JP¥43.24 (vs JP¥5.04 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥9.76b (down 23% from 3Q 2020). Net income: JP¥292.0m (up JP¥258.0m from 3Q 2020). Profit margin: 3.0% (up from 0.3% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Apr 29
Duskin Co., Ltd. (TSE:4665) agreed to acquire EDIST Co., Ltd. from Adventure Inc. (TSE:6030). Duskin Co., Ltd. (TSE:4665) agreed to acquire EDIST Co., Ltd. from Adventure Inc. (TSE:6030) on April 28, 2021. The transaction ix expected to close on May 31, 2021. Is New 90 Day High Low • Feb 17
New 90-day high: JP¥5,280 The company is up 23% from its price of JP¥4,300 on 19 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 5.0% over the same period. Reported Earnings • Feb 14
Second quarter 2021 earnings released: EPS JP¥23.55 (vs JP¥65.32 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥10.9b (down 34% from 2Q 2020). Net income: JP¥159.0m (down 64% from 2Q 2020). Profit margin: 1.5% (down from 2.7% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 13
New 90-day low: JP¥3,950 The company is down 21% from its price of JP¥5,000 on 15 October 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 2.0% over the same period. Announcement • Dec 30
Adventure Inc. to Report Q2, 2021 Results on Feb 12, 2021 Adventure Inc. announced that they will report Q2, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Dec 22
New 90-day low: JP¥4,095 The company is down 11% from its price of JP¥4,595 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. Announcement • Oct 10
Adventure Inc. to Report Q1, 2021 Results on Nov 13, 2020 Adventure Inc. announced that they will report Q1, 2021 results on Nov 13, 2020 Announcement • Sep 03
Marui Orimono Co., Ltd. completed the acquisition of wundou Corp. from Adventure Inc. (TSE:6030). Marui Orimono Co., Ltd. entered into a share transfer agreement to acquire wundou Corp. from Adventure Inc. (TSE:6030) for ¥590 million on August 5, 2020. Under the terms of the transaction, Marui Orimono Co., Ltd. will acquire 420 shares in wundou Corp. Upon completion, wundou will not be a consolidated subsidiary of Adventure Inc. The transaction was resolved by the Board of Adventure Inc. The transaction is expected to close on August 31, 2020.
Marui Orimono Co., Ltd. completed the acquisition of wundou Corp. from Adventure Inc. (TSE:6030) on September 2, 2020.