New Risk • Jun 27
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.5% Last year net profit margin: 5.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 90% Cash payout ratio: 131% Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.5% net profit margin). Declared Dividend • Jun 12
Final dividend of JP¥8.00 announced Dividend of JP¥8.00 is the same as last year. Ex-date: 28th August 2026 Payment date: 16th November 2026 Dividend yield will be 1.8%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is not adequately covered by earnings (90.3% earnings payout ratio) nor is it covered by cash flows (131% cash payout ratio). The dividend has increased by an average of 4.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share is expected to grow by 35% over the next 3 years, which should maintain adequate earnings cover for the dividend. Reported Earnings • Jun 03
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: JP¥16.05 (down from JP¥19.88 in FY 2025). Revenue: JP¥65.5b (up 7.4% from FY 2025). Net income: JP¥2.56b (down 19% from FY 2025). Profit margin: 3.9% (down from 5.2% in FY 2025). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 07
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: JP¥16.05 (down from JP¥19.88 in FY 2025). Revenue: JP¥65.5b (up 7.4% from FY 2025). Net income: JP¥2.56b (down 19% from FY 2025). Profit margin: 3.9% (down from 5.2% in FY 2025). Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 8.0% 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 1% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Apr 06
Ichibanya Co., Ltd., Annual General Meeting, May 29, 2026 Ichibanya Co., Ltd., Annual General Meeting, May 29, 2026. Announcement • Apr 02
Ichibanya Co., Ltd. to Report Fiscal Year 2026 Results on Apr 06, 2026 Ichibanya Co., Ltd. announced that they will report fiscal year 2026 results on Apr 06, 2026 Upcoming Dividend • Feb 19
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 18 May 2026. Payout ratio and cash payout ratio are on the higher end at 90% and 97% respectively. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (0.9%). Reported Earnings • Dec 27
Third quarter 2026 earnings released: EPS: JP¥5.49 (vs JP¥6.59 in 3Q 2025) Third quarter 2026 results: EPS: JP¥5.49 (down from JP¥6.59 in 3Q 2025). Revenue: JP¥16.5b (up 6.9% from 3Q 2025). Net income: JP¥876.0m (down 17% from 3Q 2025). Profit margin: 5.3% (down from 6.8% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. Declared Dividend • Nov 15
First half dividend of JP¥8.00 announced Dividend of JP¥8.00 is the same as last year. Ex-date: 26th February 2026 Payment date: 18th May 2026 Dividend yield will be 1.7%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (85% earnings payout ratio) but not adequately covered by cash flows (97% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Oct 24
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 97% Dividend yield: 1.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 07
Second quarter 2026 earnings released: EPS: JP¥2.90 (vs JP¥4.43 in 2Q 2025) Second quarter 2026 results: EPS: JP¥2.90 (down from JP¥4.43 in 2Q 2025). Revenue: JP¥16.3b (up 6.0% from 2Q 2025). Net income: JP¥462.0m (down 35% from 2Q 2025). Profit margin: 2.8% (down from 4.6% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% 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 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 21
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 17 November 2025. Payout ratio is on the higher end at 79%, and the cash payout ratio is above 100%. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (0.7%). Declared Dividend • Jun 18
Final dividend of JP¥8.00 announced Dividend of JP¥8.00 is the same as last year. Ex-date: 28th August 2025 Payment date: 17th November 2025 Dividend yield will be 1.8%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by earnings (81% earnings payout ratio) but not covered by cash flows (116% cash payout ratio). The dividend has increased by an average of 7.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 04
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥19.88 (up from JP¥16.83 in FY 2024). Revenue: JP¥61.0b (up 11% from FY 2024). Net income: JP¥3.17b (up 18% from FY 2024). Profit margin: 5.2% (up from 4.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.0%. Revenue is forecast to grow 7.7% 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 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 05
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥19.88 (up from JP¥16.83 in FY 2024). Revenue: JP¥61.0b (up 11% from FY 2024). Net income: JP¥3.17b (up 18% from FY 2024). Profit margin: 5.2% (up from 4.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.0%. Revenue is forecast to grow 5.0% 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 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Feb 27
Ichibanya Co., Ltd. to Report Fiscal Year 2025 Results on Apr 04, 2025 Ichibanya Co., Ltd. announced that they will report fiscal year 2025 results on Apr 04, 2025 Upcoming Dividend • Feb 20
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 15 May 2025. Payout ratio and cash payout ratio are on the higher end at 90% and 93% respectively. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (0.8%). Reported Earnings • Dec 26
Third quarter 2025 earnings released: EPS: JP¥6.59 (vs JP¥6.39 in 3Q 2024) Third quarter 2025 results: EPS: JP¥6.59 (up from JP¥6.39 in 3Q 2024). Revenue: JP¥15.4b (up 7.2% from 3Q 2024). Net income: JP¥1.05b (up 3.0% from 3Q 2024). Profit margin: 6.8% (down from 7.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% 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 5% per year whereas the company’s share price has increased by 3% per year. Declared Dividend • Nov 16
First half dividend of JP¥8.00 announced Shareholders will receive a dividend of JP¥8.00. Ex-date: 27th February 2025 Payment date: 15th May 2025 Dividend yield will be 1.6%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is not covered by earnings (136% earnings payout ratio) nor is it adequately covered by cash flows (93% cash payout ratio). The dividend has increased by an average of 8.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 51% to bring the payout ratio under control. EPS is expected to grow by 36% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Oct 31
Ichibanya Co., Ltd. to Report Q3, 2025 Results on Dec 23, 2024 Ichibanya Co., Ltd. announced that they will report Q3, 2025 results on Dec 23, 2024 Reported Earnings • Oct 09
Second quarter 2025 earnings released: EPS: JP¥4.43 (vs JP¥3.37 in 2Q 2024) Second quarter 2025 results: EPS: JP¥4.43 (up from JP¥3.37 in 2Q 2024). Revenue: JP¥15.3b (up 10% from 2Q 2024). Net income: JP¥706.0m (up 32% from 2Q 2024). Profit margin: 4.6% (up from 3.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% 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 5% per year whereas the company’s share price has increased by 4% per year. Upcoming Dividend • Aug 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 18 November 2024. Payout ratio is on the higher end at 96%, however this is supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (0.8%). Announcement • Aug 03
Ichibanya Co., Ltd. to Report Q2, 2025 Results on Oct 07, 2024 Ichibanya Co., Ltd. announced that they will report Q2, 2025 results on Oct 07, 2024 Reported Earnings • Jun 25
First quarter 2025 earnings released: EPS: JP¥5.32 (vs JP¥5.52 in 1Q 2024) First quarter 2025 results: EPS: JP¥5.32 (down from JP¥5.52 in 1Q 2024). Revenue: JP¥14.3b (up 11% from 1Q 2024). Net income: JP¥848.0m (down 3.7% from 1Q 2024). Profit margin: 5.9% (down from 6.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.0% 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 4% per year whereas the company’s share price has increased by 3% per year. Declared Dividend • Jun 06
Final dividend of JP¥8.00 announced Shareholders will receive a dividend of JP¥8.00. Ex-date: 29th August 2024 Payment date: 18th November 2024 Dividend yield will be 4.2%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by both earnings (79% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 86% over the next 3 years. Since a fall of 12% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Announcement • May 11
Ichibanya Co., Ltd. to Report Q1, 2025 Results on Jun 24, 2024 Ichibanya Co., Ltd. announced that they will report Q1, 2025 results on Jun 24, 2024 Price Target Changed • Apr 14
Price target decreased by 15% to JP¥1,000 Down from JP¥1,180, the current price target is provided by 1 analyst. New target price is 11% below last closing price of JP¥1,128. Stock is up 6.4% over the past year. The company is forecast to post earnings per share of JP¥20.70 for next year compared to JP¥84.15 last year. Reported Earnings • Apr 06
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥84.15 (up from JP¥15.90 in FY 2023). Revenue: JP¥55.1b (up 14% from FY 2023). Net income: JP¥2.69b (up 5.8% from FY 2023). Profit margin: 4.9% (down from 5.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 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 48% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Apr 04
Ichibanya Co., Ltd., Annual General Meeting, May 29, 2024 Ichibanya Co., Ltd., Annual General Meeting, May 29, 2024. Announcement • Feb 21
Ichibanya Co., Ltd. to Report Fiscal Year 2024 Results on Apr 04, 2024 Ichibanya Co., Ltd. announced that they will report fiscal year 2024 results on Apr 04, 2024 Upcoming Dividend • Feb 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 16 May 2024. Payout ratio is on the higher end at 79%, however this is supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (0.6%). Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥6,120, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 26x in the Hospitality industry in Japan. Total returns to shareholders of 27% over the past three years. Reported Earnings • Dec 26
Third quarter 2024 earnings released: EPS: JP¥31.97 (vs JP¥22.43 in 3Q 2023) Third quarter 2024 results: EPS: JP¥31.97 (up from JP¥22.43 in 3Q 2023). Revenue: JP¥14.4b (up 16% from 3Q 2023). Net income: JP¥1.02b (up 43% from 3Q 2023). Profit margin: 7.1% (up from 5.8% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Oct 07
Second quarter 2024 earnings released: EPS: JP¥16.83 (vs JP¥18.39 in 2Q 2023) Second quarter 2024 results: EPS: JP¥16.83 (down from JP¥18.39 in 2Q 2023). Revenue: JP¥13.9b (up 20% from 2Q 2023). Net income: JP¥537.0m (down 8.5% from 2Q 2023). Profit margin: 3.9% (down from 5.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 02
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥79.52 (down from JP¥91.53 in FY 2022). Revenue: JP¥48.3b (up 7.2% from FY 2022). Net income: JP¥2.54b (down 13% from FY 2022). Profit margin: 5.3% (down from 6.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 7.4% 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 remained flat and the company’s share price has also remained flat. Price Target Changed • Apr 13
Price target increased by 40% to JP¥5,600 Up from JP¥4,000, the current price target is provided by 1 analyst. New target price is 6.5% above last closing price of JP¥5,260. Stock is up 13% over the past year. The company is forecast to post earnings per share of JP¥89.30 for next year compared to JP¥79.52 last year. Reported Earnings • Apr 08
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥79.52 (down from JP¥91.53 in FY 2022). Revenue: JP¥48.3b (up 7.2% from FY 2022). Net income: JP¥2.54b (down 13% from FY 2022). Profit margin: 5.3% (down from 6.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Jan 31
Ichibanya Co., Ltd. to Report Fiscal Year 2023 Results on Apr 05, 2023 Ichibanya Co., Ltd. announced that they will report fiscal year 2023 results on Apr 05, 2023 Reported Earnings • Dec 27
Third quarter 2023 earnings released: EPS: JP¥22.43 (vs JP¥24.60 in 3Q 2022) Third quarter 2023 results: EPS: JP¥22.43 (down from JP¥24.60 in 3Q 2022). Revenue: JP¥12.4b (up 11% from 3Q 2022). Net income: JP¥716.0m (down 8.8% from 3Q 2022). Profit margin: 5.8% (down from 7.0% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% 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 5% per year whereas the company’s share price has fallen by 7% per year. Price Target Changed • Nov 16
Price target decreased to JP¥3,900 Down from JP¥4,300, the current price target is provided by 1 analyst. New target price is 15% below last closing price of JP¥4,600. Stock is down 0.9% over the past year. The company is forecast to post earnings per share of JP¥64.20 for next year compared to JP¥91.53 last year. Announcement • Oct 31
Ichibanya Co., Ltd. to Report Q3, 2023 Results on Dec 26, 2022 Ichibanya Co., Ltd. announced that they will report Q3, 2023 results on Dec 26, 2022 Price Target Changed • Oct 12
Price target decreased to JP¥3,900 Down from JP¥4,300, the current price target is provided by 1 analyst. New target price is 11% below last closing price of JP¥4,380. Stock is down 3.2% over the past year. The company is forecast to post earnings per share of JP¥64.20 for next year compared to JP¥91.53 last year. Announcement • Oct 06
Ichibanya Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2023 Ichibanya Co., Ltd. revised consolidated earnings guidance for the fiscal year ending February 28, 2023. For the year, the company expects net sales to be JPY 47,200 million against previous forecast of JPY 51,800 million. Operating profit to be JPY 3,050 million against previous forecast of JPY 4,730 million. Profit attributable to owners of parent to be JPY 2,190 million against previous forecast of JPY 3,350 million. Profit per share to be JPY 68.62 against previous forecast of JPY 104.97. Reported Earnings • Oct 06
Second quarter 2023 earnings released: EPS: JP¥18.39 (vs JP¥8.21 in 2Q 2022) Second quarter 2023 results: EPS: JP¥18.39 (up from JP¥8.21 in 2Q 2022). Revenue: JP¥11.6b (up 6.4% from 2Q 2022). Net income: JP¥587.0m (up 124% from 2Q 2022). Profit margin: 5.1% (up from 2.4% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% 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 8% per year whereas the company’s share price has fallen by 6% per year. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 21 November 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (0.5%). Announcement • Jul 31
Ichibanya Co., Ltd. to Report Q2, 2023 Results on Oct 05, 2022 Ichibanya Co., Ltd. announced that they will report Q2, 2023 results on Oct 05, 2022 Reported Earnings • Jun 02
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥91.53 (up from JP¥54.38 in FY 2021). Revenue: JP¥45.0b (up 1.8% from FY 2021). Net income: JP¥2.92b (up 68% from FY 2021). Profit margin: 6.5% (up from 3.9% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.2%. Over the next year, revenue is forecast to grow 15%, compared to a 49% growth forecast for the restaurants industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • May 05
Ichibanya Co., Ltd. to Report Q1, 2023 Results on Jun 27, 2022 Ichibanya Co., Ltd. announced that they will report Q1, 2023 results on Jun 27, 2022 Reported Earnings • Apr 08
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥91.53 (up from JP¥54.38 in FY 2021). Revenue: JP¥45.0b (up 1.8% from FY 2021). Net income: JP¥2.92b (up 68% from FY 2021). Profit margin: 6.5% (up from 3.9% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.2%. Over the next year, revenue is forecast to grow 9.8%, compared to a 68% growth forecast for the restaurants industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Feb 18
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 10 May 2022. Payout ratio and cash payout ratio are on the higher end at 99% and 87% respectively. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (0.4%). Announcement • Feb 02
Ichibanya Co., Ltd. to Report Fiscal Year 2022 Results on Apr 06, 2022 Ichibanya Co., Ltd. announced that they will report fiscal year 2022 results on Apr 06, 2022 Reported Earnings • Dec 27
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: JP¥24.60 (up from JP¥24.37 in 3Q 2021). Revenue: JP¥11.2b (down 2.9% from 3Q 2021). Net income: JP¥785.0m (flat on 3Q 2021). Profit margin: 7.0% (up from 6.8% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 9.0%, compared to a 56% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Dec 25
Ichibanya Co., Ltd. Provides Earnings Guidance for the Period Ending February 2022 Ichibanya Co., Ltd. provided earnings guidance for the period ending February 2022. The company expects net sales to be JPY 45,400 million, Operating profit to be JPY 2,790 million, profit attributable to owners of parent to be JPY 2,810 million and basic earnings per share to be JPY 88.05. Reported Earnings • Oct 07
Second quarter 2022 earnings released: EPS JP¥8.21 (vs JP¥13.31 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥10.9b (down 2.2% from 2Q 2021). Net income: JP¥262.0m (down 38% from 2Q 2021). Profit margin: 2.4% (down from 3.8% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 12% 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 • Aug 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 20 November 2021. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.1%). Higher than average of industry peers (0.5%). Reported Earnings • Jun 27
First quarter 2022 earnings released: EPS JP¥39.41 (vs JP¥7.93 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥11.1b (up 7.1% from 1Q 2021). Net income: JP¥1.26b (up 397% from 1Q 2021). Profit margin: 11% (up from 2.4% in 1Q 2021). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jun 26
Ichibanya Co., Ltd. Provides Consolidated Financial Guidance for the Six Months Ending August 2021 and for the Year Ending February 2022 Ichibanya Co., Ltd. provided consolidated financial guidance for the six months ending August 2021 and for the year ending February 2022. For the six months, the company expects, Net sales of JPY 23,500 million operating profit of JPY 1,760 million and profit attributable to owners of parent of JPY 1,960 million, basic earnings per share JPY 61.39.
For the year, the company expects, Net sales of JPY 48,900 million operating profit of JPY 3,970 million and profit attributable to owners of parent of JPY 3,500 million, basic earnings per share JPY 109.63. Reported Earnings • Jun 02
Full year 2021 earnings released: EPS JP¥54.38 (vs JP¥102 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥44.2b (down 14% from FY 2020). Net income: JP¥1.74b (down 47% from FY 2020). Profit margin: 3.9% (down from 6.3% in FY 2020). The decrease in margin was driven by lower revenue. 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 1% per year, which means it has not declined as severely as earnings. Announcement • Apr 20
Ichibanya Co., Ltd. (TSE:7630) announces an Equity Buyback for 20,000 shares, representing 0.06% for ¥137 million. Ichibanya Co., Ltd. (TSE:7630) announces a share repurchase program. Under the program, the company will repurchase up to 20,000 shares, representing 0.06% of its issued share capital (excluding treasury stock), for a total purchase price of ¥137 million. The purpose of the program is to allocate it to the specified transfer restricted shares to be delivered to the directors of the Company. The program will be valid till June 24, 2021. As of February 28, 2021, the company has 31,925,275 issued shares (excluding treasury stock) and 725 treasury shares. Reported Earnings • Apr 07
Full year 2021 earnings released: EPS JP¥54.38 (vs JP¥102 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥44.2b (down 14% from FY 2020). Net income: JP¥1.74b (down 47% from FY 2020). Profit margin: 3.9% (down from 6.3% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Apr 06
Ichibanya Co., Ltd. Provides Consolidated Financial Guidance for the Six Months Ending Aug. 2021 and for the Year Ending Feb. 2022 Ichibanya Co., Ltd. provided consolidated financial guidance for the six months ending Aug. 2021 and for the year ending Feb. 2022. For the six months, the company expects, operating profit of JPY 1,760 million and profit attributable to owners of parent of JPY 1,960 million or JPY 109.63 basic earnings per share on net sales of JPY 23,500 million.
For the year, the company expects, operating profit of JPY 3,970 million and profit attributable to owners of parent of JPY 3,500 million or JPY 61.39 basic earnings per share on net sales of JPY 48,900 million. Is New 90 Day High Low • Feb 19
New 90-day low: JP¥4,975 The company is down 6.0% from its price of JP¥5,320 on 20 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 8.0% over the same period. Upcoming Dividend • Feb 18
Upcoming Dividend of JP¥40.00 Per Share Will be paid on the 11th of May to those who are registered shareholders by the 25th of February. The trailing yield of 1.6% is below the top quartile of Japanese dividend payers (2.8%), but it is higher than industry peers (0.5%). Announcement • Feb 02
Ichibanya Co., Ltd. to Report Fiscal Year 2021 Results on Apr 05, 2021 Ichibanya Co., Ltd. announced that they will report fiscal year 2021 results on Apr 05, 2021 Analyst Estimate Surprise Post Earnings • Jan 19
Revenue beats expectations Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 9.6%, compared to a 12% growth forecast for the Hospitality industry in Japan. Analyst Estimate Surprise Post Earnings • Jan 16
Revenue beats expectations Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 9.6%, compared to a 12% growth forecast for the Hospitality industry in Japan. Is New 90 Day High Low • Jan 12
New 90-day low: JP¥5,040 The company is down 7.0% from its price of JP¥5,410 on 14 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.