Announcement • Jun 03
Asante Incorporated to Report Q1, 2027 Results on Aug 07, 2026 Asante Incorporated announced that they will report Q1, 2027 results on Aug 07, 2026 Reported Earnings • May 13
Full year 2026 earnings released: EPS: JP¥28.05 (vs JP¥65.94 in FY 2025) Full year 2026 results: EPS: JP¥28.05 (down from JP¥65.94 in FY 2025). Revenue: JP¥14.4b (up 2.4% from FY 2025). Net income: JP¥274.0m (down 60% from FY 2025). Profit margin: 1.9% (down from 4.9% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • May 12
Asante Incorporated, Annual General Meeting, Jun 23, 2026 Asante Incorporated, Annual General Meeting, Jun 23, 2026. Announcement • May 10
Asante Incorporated to Report Fiscal Year 2026 Results on May 12, 2026 Asante Incorporated announced that they will report fiscal year 2026 results on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 08
Third quarter 2026 earnings released: JP¥5.12 loss per share (vs JP¥2.12 profit in 3Q 2025) Third quarter 2026 results: JP¥5.12 loss per share (down from JP¥2.12 profit in 3Q 2025). Revenue: JP¥3.19b (up 1.9% from 3Q 2025). Net loss: JP¥50.0m (down 338% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Dec 02
Asante Incorporated to Report Q3, 2026 Results on Feb 06, 2026 Asante Incorporated announced that they will report Q3, 2026 results on Feb 06, 2026 Declared Dividend • Dec 02
First half dividend of JP¥31.00 announced Dividend of JP¥31.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is not covered by earnings (118% earnings payout ratio) nor is it covered by cash flows (167% cash payout ratio). The dividend has increased over the past 5 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 31% to bring the payout ratio under control. However, EPS has declined by 10.0% over the last 5 years so the company would need to reverse this trend. New Risk • Nov 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.6b (US$99.2m) 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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (167% cash payout ratio). Market cap is less than US$100m (JP¥15.6b market cap, or US$99.2m). Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥21.50 (vs JP¥19.35 in 2Q 2025) Second quarter 2026 results: EPS: JP¥21.50. Revenue: JP¥3.71b (up 3.7% from 2Q 2025). Net income: JP¥210.0m (down 1.4% from 2Q 2025). Profit margin: 5.7% (down from 6.0% in 2Q 2025). The decrease in margin was driven by higher expenses. New Risk • Oct 15
New major risk - Revenue and earnings growth Earnings have declined by 10% 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 10% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (121% payout ratio). Upcoming Dividend • Sep 22
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Announcement • Sep 02
Asante Incorporated to Report Q2, 2026 Results on Nov 07, 2025 Asante Incorporated announced that they will report Q2, 2026 results on Nov 07, 2025 Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: JP¥33.80 (vs JP¥45.18 in 1Q 2025) First quarter 2026 results: EPS: JP¥33.80 (down from JP¥45.18 in 1Q 2025). Revenue: JP¥4.23b (down 1.1% from 1Q 2025). Net income: JP¥330.0m (down 34% from 1Q 2025). Profit margin: 7.8% (down from 12% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Buy Or Sell Opportunity • Jul 16
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at JP¥1,612. The fair value is estimated to be JP¥2,017, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.5%. Revenue is forecast to grow by 4.5% in 2 years. Earnings are forecast to grow by 44% in the next 2 years. Declared Dividend • Jul 09
Final dividend of JP¥31.00 announced Dividend of JP¥31.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio). However, it is covered by cash flows (58% cash payout ratio). The dividend has increased over the past 5 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 3.5% to bring the payout ratio under control. EPS is expected to grow by 21% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: JP¥65.94 (vs JP¥49.20 in FY 2024) Full year 2025 results: EPS: JP¥65.94 (up from JP¥49.20 in FY 2024). Revenue: JP¥14.0b (up 2.4% from FY 2024). Net income: JP¥687.0m (up 27% from FY 2024). Profit margin: 4.9% (up from 4.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Announcement • Jun 03
Asante Incorporated to Report Q1, 2026 Results on Aug 05, 2025 Asante Incorporated announced that they will report Q1, 2026 results on Aug 05, 2025 Buy Or Sell Opportunity • May 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.0% to JP¥1,606. The fair value is estimated to be JP¥2,010, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.5%. Revenue is forecast to grow by 4.5% in 2 years. Earnings are forecast to grow by 44% in the next 2 years. Reported Earnings • May 10
Full year 2025 earnings released: EPS: JP¥65.94 (vs JP¥49.20 in FY 2024) Full year 2025 results: EPS: JP¥65.94 (up from JP¥49.20 in FY 2024). Revenue: JP¥14.0b (up 2.4% from FY 2024). Net income: JP¥687.0m (up 27% from FY 2024). Profit margin: 4.9% (up from 4.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 2 years, compared to a 9.1% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Announcement • May 09
Asante Incorporated, Annual General Meeting, Jun 20, 2025 Asante Incorporated, Annual General Meeting, Jun 20, 2025. Buy Or Sell Opportunity • Apr 29
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.4% to JP¥1,602. The fair value is estimated to be JP¥2,032, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.0%. Revenue is forecast to grow by 3.9% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. Buy Or Sell Opportunity • Apr 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.7% to JP¥1,606. The fair value is estimated to be JP¥2,013, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.0%. Revenue is forecast to grow by 3.9% in 2 years. Earnings are forecast to grow by 29% in the next 2 years. New Risk • Apr 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.7b (US$99.4m) 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (93% payout ratio). Market cap is less than US$100m (JP¥14.7b market cap, or US$99.4m). Upcoming Dividend • Mar 21
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio and cash payout ratio are on the higher end at 93% and 80% respectively. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Announcement • Mar 18
Asante Incorporated Announces Board Changes At the Board of Directors Meeting of Asante Incorporated held on March 18, 2025, the Company resolved to make changes in directors as of April 1, 2025. Details are as follows. Yoshiyuki Nakao, Current position: Managing Director, Head of Administration Division, General Manager, Corporate Planning Department. New position: Managing Director, Head of Management Division, General Manager, Corporate Planning Department. Yoshimitsu Ishigami, Current position: Director, Head of Compliance Division; New position: Director, Head of Administration Division. Tetsuji Hamazato, Current position: Director, Head of Sales Division; new position: Director, Head of Sales Division, General Manager, Corporate Sales Department. Shungo Matsuo, current position: Director, Deputy Head of Administration Division, General Manager, Information System Department, New position: Director, Head of Personnel Division. Announcement • Mar 04
Asante Incorporated to Report Fiscal Year 2025 Results on May 09, 2025 Asante Incorporated announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on May 09, 2025 Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥2.12 (vs JP¥1.73 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥2.12 (up from JP¥1.73 loss in 3Q 2024). Revenue: JP¥3.13b (up 2.1% from 3Q 2024). Net income: JP¥21.0m (up JP¥40.0m from 3Q 2024). Profit margin: 0.7% (up from net loss in 3Q 2024). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year. Announcement • Dec 03
Asante Incorporated to Report Q3, 2025 Results on Feb 07, 2025 Asante Incorporated announced that they will report Q3, 2025 results on Feb 07, 2025 Declared Dividend • Dec 03
First half dividend of JP¥31.00 announced Dividend of JP¥31.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 3.8%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio) nor is it adequately covered by cash flows (91% cash payout ratio). The dividend has increased over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. EPS is expected to grow by 66% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Buy Or Sell Opportunity • Nov 08
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.7% to JP¥1,692. The fair value is estimated to be JP¥1,407, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 9.4%. Revenue is forecast to grow by 3.4% in 2 years. Earnings are forecast to grow by 34% in the next 2 years. Reported Earnings • Nov 03
Second quarter 2025 earnings released: EPS: JP¥19.35 (vs JP¥13.10 in 2Q 2024) Second quarter 2025 results: EPS: JP¥19.35 (up from JP¥13.10 in 2Q 2024). Revenue: JP¥3.57b (up 5.7% from 2Q 2024). Net income: JP¥213.0m (up 48% from 2Q 2024). Profit margin: 6.0% (up from 4.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.7%). Announcement • Aug 27
Asante Incorporated to Report Q2, 2025 Results on Nov 01, 2024 Asante Incorporated announced that they will report Q2, 2025 results on Nov 01, 2024 Announcement • Aug 21
Asante Incorporated (TSE:6073) announces an Equity Buyback for 1,375,100 shares, representing 11.14% for ¥2,106.65 million. Asante Incorporated (TSE:6073) announces a share repurchase program. Under the program, the company will repurchase up to 1,375,100 shares, representing 11.14% of its issued share capital for ¥2,106.65 million. The purpose of the program is to improve its medium to long-term corporate value by prioritizing the return of profits to shareholders while also promoting the enhancement of shareholder capital in a balanced manner. The program will be funded from the company’s own funds and the company's on-hand liquidity (cash and deposits). The program is valid till October 31, 2024. As of August 20, 2024, the company has 12,348,500 shares issued (excluding treasury stock) and has 1,335,921 shares in treasury. Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥45.18 (vs JP¥39.41 in 1Q 2024) First quarter 2025 results: EPS: JP¥45.18 (up from JP¥39.41 in 1Q 2024). Revenue: JP¥4.28b (flat on 1Q 2024). Net income: JP¥497.0m (up 15% from 1Q 2024). Profit margin: 12% (up from 10% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 11
Final dividend of JP¥31.00 announced Dividend of JP¥31.00 is the same as last year. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 3.6%, which is higher than the industry average of 2.4%. Sustainability & Growth Dividend is not covered by earnings (121% earnings payout ratio) nor is it covered by cash flows (206% cash payout ratio). The dividend has increased over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 34% to bring the payout ratio under control. However, EPS has declined by 11% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Jun 28
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥49.20 (down from JP¥79.67 in FY 2023). Revenue: JP¥13.7b (down 3.2% from FY 2023). Net income: JP¥541.0m (down 38% from FY 2023). Profit margin: 4.0% (down from 6.2% in FY 2023). Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) also missed analyst estimates by 34%. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Jun 14
New major risk - Revenue and earnings growth Revenue has declined by 3.2% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 126% Cash payout ratio: 206% Revenue has declined by 3.2% over the past year. Minor Risk Profit margins are more than 30% lower than last year (4.0% net profit margin). Announcement • May 10
Asante Incorporated, Annual General Meeting, Jun 21, 2024 Asante Incorporated, Annual General Meeting, Jun 21, 2024. Reported Earnings • May 09
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥49.20 (down from JP¥79.67 in FY 2023). Revenue: JP¥13.7b (down 3.2% from FY 2023). Net income: JP¥541.0m (down 38% from FY 2023). Profit margin: 4.0% (down from 6.2% in FY 2023). Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) also missed analyst estimates by 34%. Revenue is forecast to grow 6.8% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • May 09
Asante, Inc. Proposes Dividend for the Fiscal Year Ended March 31, 2024, Effective Issuance Date June 24, 2024 Asante Inc. announced that at the board of directors meeting held on May 8, 2024, it has resolved to submit a proposal for the dividends from surplus (year-end dividend) with a record date of March 31, 2024, to the 51th Ordinary General Meeting of Shareholders, to be held on June 21, 2024. Details are as follows: Dividend per share is JPY 31.00. Total amount of dividend is JPY 341 million. Effective issuance date is June 24, 2024. The company paid dividend of JPY 31.00 per share for the fiscal year ended March 31, 2023. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. The company is paying out more than 100% of its profits and is paying out 91% of its cash flow. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Announcement • Mar 02
Asante Incorporated to Report Fiscal Year 2024 Results on May 08, 2024 Asante Incorporated announced that they will report fiscal year 2024 results on May 08, 2024 Reported Earnings • Feb 08
Third quarter 2024 earnings released: JP¥1.73 loss per share (vs JP¥9.83 profit in 3Q 2023) Third quarter 2024 results: JP¥1.73 loss per share (down from JP¥9.83 profit in 3Q 2023). Revenue: JP¥3.07b (down 6.5% from 3Q 2023). Net loss: JP¥19.0m (down 118% from profit in 3Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Nov 27
Asante Incorporated to Report Q3, 2024 Results on Feb 06, 2024 Asante Incorporated announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥13.10 (vs JP¥24.86 in 2Q 2023) Second quarter 2024 results: EPS: JP¥13.10 (down from JP¥24.86 in 2Q 2023). Revenue: JP¥3.38b (down 4.9% from 2Q 2023). Net income: JP¥144.0m (down 47% from 2Q 2023). Profit margin: 4.3% (down from 7.7% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Consumer Services industry in Japan. Announcement • Nov 07
Asante Incorporated Proposes Dividend for the Second Quarter of the Fiscal Year Ending March 2024 Asante Incorporated at the SBM held on November 7, 2023, the board has proposed a dividend of ¥31.00 per share for the second quarter of the fiscal year ending March 2024. Record date September 30, 2023. Total amount of dividend of ¥341 million. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥31.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is on the higher end at 83%, however this is supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.6%). Announcement • Aug 30
Asante Incorporated to Report Q2, 2024 Results on Nov 07, 2023 Asante Incorporated announced that they will report Q2, 2024 results on Nov 07, 2023 Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥39.41 (vs JP¥44.37 in 1Q 2023) First quarter 2024 results: EPS: JP¥39.41 (down from JP¥44.37 in 1Q 2023). Revenue: JP¥4.24b (flat on 1Q 2023). Net income: JP¥433.0m (down 11% from 1Q 2023). Profit margin: 10% (down from 11% in 1Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Consumer Services industry in Japan. Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: JP¥79.67 (vs JP¥52.80 in FY 2022) Full year 2023 results: EPS: JP¥79.67 (up from JP¥52.80 in FY 2022). Revenue: JP¥14.1b (up 3.2% from FY 2022). Net income: JP¥875.0m (up 51% from FY 2022). Profit margin: 6.2% (up from 4.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Consumer Services industry in Japan. Announcement • Jun 23
Asante Incorporated Announces Changes of Directors Asante Incorporated announced Changes of Directors. Yoshiyuki Nakao redesignated from Current position of Director, Head of Administration Division, General Manager, Corporate Planning Department to New position as Managing Director, Head of Administration Division, General Manager, Corporate Planning Department. Yoshimitsu Ishigami redesignated from Current position of Director, Head of Sales Division to New position Director, Head of ComplianceDivision. Tetsuji Hamazato redesignated from Current position of Deputy Head of Sales Division, General Manager, Corporate Sales Department to New position as Director, Head of Sales Division. Announcement • May 31
Asante Incorporated to Report Q1, 2024 Results on Aug 08, 2023 Asante Incorporated announced that they will report Q1, 2024 results on Aug 08, 2023 Reported Earnings • May 10
Full year 2023 earnings released: EPS: JP¥79.67 (vs JP¥52.80 in FY 2022) Full year 2023 results: EPS: JP¥79.67 (up from JP¥52.80 in FY 2022). Revenue: JP¥14.1b (up 3.2% from FY 2022). Net income: JP¥875.0m (up 51% from FY 2022). Profit margin: 6.2% (up from 4.2% in FY 2022). The increase in margin was driven by higher revenue. Announcement • May 10
Asante Incorporated, Annual General Meeting, Jun 21, 2023 Asante Incorporated, Annual General Meeting, Jun 21, 2023. Agenda: To consider a proposal for the dividends from surplus (year-end dividend) with a record date of March 31, 2023. Announcement • May 09
Asante Incorporated Proposes Dividend for the Year Ended March 31, 2023 Asante Inc. announced that at the Board of Directors Meeting held on May 9, 2023, it has resolved to submit a proposal for the dividends from surplus (year-end dividend) with a record date of March 31, 2023, to the 50th Ordinary General Meeting of Shareholders, to be held on June 21, 2023. The dividend proposed is JPY 31.00 per share as compared to JPY 31.00 per share paid a year ago. Total amount of dividend is JPY 340 million. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥31.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 22 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: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥9.83 (vs JP¥9.49 in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.83 (up from JP¥9.49 in 3Q 2022). Revenue: JP¥3.28b (up 3.1% from 3Q 2022). Net income: JP¥108.0m (up 3.8% from 3Q 2022). Profit margin: 3.3% (in line with 3Q 2022). Announcement • Jan 24
Asante Incorporated Announces Change in Director as of February 1, 2023 Asante Incorporated announced that at the Board of Directors Meeting held on January 24, 2023, the company resolved to make a change in director as of February 1, 2023. Details are as follows. Masami Iishiba new position is Senior Managing Director from his Current position as Senior Managing Director, Head of Administration Division, Yoshiyuki Nakao new position is Director, Head of Administration Division, General Manager, Corporate Plannning Department from his Current position as Director, Deputy Head of Administration Division, General Manager, Corporate Plannning Department. Announcement • Dec 07
Asante Incorporated to Report Q3, 2023 Results on Feb 07, 2023 Asante Incorporated announced that they will report Q3, 2023 results on Feb 07, 2023 Board Change • Nov 16
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. 5 non-independent directors. Independent Outside Director Michiaki Tanaka 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. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: JP¥24.86 (vs JP¥26.00 in 2Q 2022) Second quarter 2023 results: EPS: JP¥24.86 (down from JP¥26.00 in 2Q 2022). Revenue: JP¥3.55b (up 4.3% from 2Q 2022). Net income: JP¥273.0m (down 4.2% from 2Q 2022). Profit margin: 7.7% (down from 8.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Buying Opportunity • Nov 02
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,997, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 36%. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. The company is paying out more than 100% of its profits and is paying out 80% of its cash flow. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.5%). Announcement • Aug 31
Asante Incorporated to Report Q2, 2023 Results on Nov 08, 2022 Asante Incorporated announced that they will report Q2, 2023 results on Nov 08, 2022 Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥44.37 (vs JP¥3.18 in 1Q 2022) First quarter 2023 results: EPS: JP¥44.37 (up from JP¥3.18 in 1Q 2022). Revenue: JP¥4.26b (up 40% from 1Q 2022). Net income: JP¥487.0m (up JP¥452.0m from 1Q 2022). Profit margin: 11% (up from 1.1% in 1Q 2022). The increase in margin was driven by higher revenue. Announcement • Jun 01
Asante Incorporated to Report Q1, 2023 Results on Aug 03, 2022 Asante Incorporated announced that they will report Q1, 2023 results on Aug 03, 2022 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. 5 non-independent directors. Independent Outside Director Michiaki Tanaka 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 21
Asante Incorporated Revises Consolidated Earnings Guidance for the Fiscal Year Ended March 31, 2022 Asante Incorporated revised consolidated earnings guidance for the fiscal year ended March 31, 2022. For the year, the company expects net sales of ¥13,699 million, operating income of ¥1,310 million, net income attributable to owners of parent of ¥550 million and net income per share of ¥50.16 against previous guidance of net sales of ¥14,098 million, operating income of ¥1,530 million, net income attributable to owners of parent of ¥973 million and net income per share of ¥88.77. Announcement • Apr 08
Asante Incorporated to Report Fiscal Year 2022 Results on May 10, 2022 Asante Incorporated announced that they will report fiscal year 2022 results on May 10, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio and cash payout ratio are on the higher end at 77% and 88% respectively. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.2%). Announcement • Feb 08
Asante Incorporated Provides Earnings Guidance for the Fiscal Year Ending March 2022 Asante Incorporated provided earnings guidance for the fiscal year ending March 2022. For the period, the company expects net sales to be ¥14,098 million. Operating income to be ¥1,530 million. Net income to be ¥973 million. Net income per share to be ¥88.77. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.9%). Announcement • May 08
Asante Incorporated Announces Earnings Guidance for the Six Months Ending September 30, 2021 and Year Ending March 31, 2022 Asante Incorporated announced earnings guidance for the six months ending September 30, 2021 and year ending March 31, 2022. For the six months, the company expects, net sales of ¥8,306 million, operating income of ¥1,491 million and income attributable to owner of parent of ¥1,010 million or ¥92.16 per share.
For the year, the company expects, net sales of ¥14,992 million, operating income of ¥1,996 million and income attributable to owner of parent of ¥1,300 million or ¥118.58 per share.