Reported Earnings • Jun 15
Second quarter 2026 earnings released: EPS: JP¥31.03 (vs JP¥18.63 in 2Q 2025) Second quarter 2026 results: EPS: JP¥31.03 (up from JP¥18.63 in 2Q 2025). Revenue: JP¥5.55b (up 18% from 2Q 2025). Net income: JP¥442.0m (up 67% from 2Q 2025). Profit margin: 8.0% (up from 5.6% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 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 increased by 2% per year. Reported Earnings • Mar 18
First quarter 2026 earnings released: EPS: JP¥20.15 (vs JP¥14.97 in 1Q 2025) First quarter 2026 results: EPS: JP¥20.15 (up from JP¥14.97 in 1Q 2025). Revenue: JP¥5.23b (up 15% from 1Q 2025). Net income: JP¥287.0m (up 35% from 1Q 2025). Profit margin: 5.5% (up from 4.7% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 8.2% 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 but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. New Risk • Dec 19
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 95% Dividend yield: 5.2% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (64% net debt to equity). Dividend is not well covered by earnings (95% payout ratio). Reported Earnings • Dec 16
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥62.86 (down from JP¥75.59 in FY 2024). Revenue: JP¥19.4b (up 6.6% from FY 2024). Net income: JP¥893.0m (down 17% from FY 2024). Profit margin: 4.6% (down from 5.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 7.4% 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 whereas the company’s share price has increased by 7% per year. Announcement • Dec 15
AB&Company Co.,Ltd., Annual General Meeting, Jan 29, 2026 AB&Company Co.,Ltd., Annual General Meeting, Jan 29, 2026. New Risk • Nov 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.2b (US$99.3m) 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 High level of debt (59% net debt to equity). Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (JP¥15.2b market cap, or US$99.3m). Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,098, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Consumer Services industry in Japan. Total returns to shareholders of 36% over the past three years. Upcoming Dividend • Oct 23
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 30 October 2025. Payment date: 02 February 2026. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.4%). New Risk • Sep 24
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 5.1% 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: Minor Risks High level of debt (59% net debt to equity). Share price has been volatile over the past 3 months (5.1% average weekly change). Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥1,228, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Consumer Services industry in Japan. Total returns to shareholders of 31% over the past three years. Reported Earnings • Sep 14
Third quarter 2025 earnings released: EPS: JP¥22.60 (vs JP¥25.58 in 3Q 2024) Third quarter 2025 results: EPS: JP¥22.60 (down from JP¥25.58 in 3Q 2024). Revenue: JP¥4.96b (up 4.0% from 3Q 2024). Net income: JP¥322.0m (down 11% from 3Q 2024). Profit margin: 6.5% (down from 7.6% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Consumer Services 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. Announcement • Jul 24
AB&Company Co.,Ltd. (TSE:9251) signed memorandum of understanding to acquire SENSE Co., Ltd from MCP2 Co., Ltd. AB&Company Co.,Ltd. (TSE:9251) signed memorandum of understanding to acquire SENSE Co., Ltd from MCP2 Co., Ltd on July 24, 2025.
For the period ending November 30, 2024, SENSE Co., Ltd reported total revenue of ¥1.96 billion, EBIT of ¥117 million and net income of ¥74 million. As of November 30, 2024, SENSE Co., Ltd reported total assets of ¥582 million and total common equity of ¥376 million.
The expected completion of the transaction is October 1, 2025 to October 31, 2025. Reported Earnings • Jun 15
Second quarter 2025 earnings released: EPS: JP¥18.63 (vs JP¥20.42 in 2Q 2024) Second quarter 2025 results: EPS: JP¥18.63 (down from JP¥20.42 in 2Q 2024). Revenue: JP¥4.70b (up 3.1% from 2Q 2024). Net income: JP¥264.0m (down 8.7% from 2Q 2024). Profit margin: 5.6% (down from 6.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Reported Earnings • Mar 15
First quarter 2025 earnings released: EPS: JP¥14.97 (vs JP¥14.72 in 1Q 2024) First quarter 2025 results: EPS: JP¥14.97. Revenue: JP¥4.54b (up 8.2% from 1Q 2024). Net income: JP¥212.0m (flat on 1Q 2024). Profit margin: 4.7% (down from 5.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Consumer Services industry in Japan. Reported Earnings • Feb 05
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥75.59. Revenue: JP¥18.2b (up 8.3% from FY 2023). Net income: JP¥1.08b (down 2.9% from FY 2023). Profit margin: 5.9% (down from 6.6% 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 2.6%. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Consumer Services industry in Japan. Board Change • Feb 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. 7 experienced directors. No highly experienced directors. Full-time Auditor Mari Kawamura was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (59% net debt to equity). Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Market cap is less than US$100m (JP¥12.3b market cap, or US$77.6m). Reported Earnings • Dec 15
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥75.59. Revenue: JP¥18.2b (up 8.3% from FY 2023). Net income: JP¥1.08b (down 2.9% from FY 2023). Profit margin: 5.9% (down from 6.6% 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 2.6%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Consumer Services industry in Japan. Announcement • Dec 13
AB&Company Co.,Ltd., Annual General Meeting, Jan 30, 2025 AB&Company Co.,Ltd., Annual General Meeting, Jan 30, 2025. Upcoming Dividend • Oct 23
Upcoming dividend of JP¥28.07 per share Eligible shareholders must have bought the stock before 30 October 2024. Payment date: 29 January 2025. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.7%). Reported Earnings • Sep 17
Third quarter 2024 earnings released: EPS: JP¥25.58 (vs JP¥23.77 in 3Q 2023) Third quarter 2024 results: EPS: JP¥25.58 (up from JP¥23.77 in 3Q 2023). Revenue: JP¥4.77b (up 9.2% from 3Q 2023). Net income: JP¥362.0m (flat on 3Q 2023). Profit margin: 7.6% (down from 8.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Consumer Services industry in Japan. Announcement • Sep 05
AB&Company Co.,Ltd. to Report Q3, 2024 Results on Sep 13, 2024 AB&Company Co.,Ltd. announced that they will report Q3, 2024 results on Sep 13, 2024 Reported Earnings • Jun 17
Second quarter 2024 earnings released: EPS: JP¥20.49 (vs JP¥20.60 in 2Q 2023) Second quarter 2024 results: EPS: JP¥20.49 (down from JP¥20.60 in 2Q 2023). Revenue: JP¥4.56b (up 6.2% from 2Q 2023). Net income: JP¥290.0m (down 6.8% from 2Q 2023). Profit margin: 6.4% (down from 7.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Consumer Services industry in Japan. Announcement • May 03
AB&Company Co.,Ltd. to Report Q2, 2024 Results on Jun 14, 2024 AB&Company Co.,Ltd. announced that they will report Q2, 2024 results on Jun 14, 2024 Reported Earnings • Mar 17
First quarter 2024 earnings released: EPS: JP¥14.72 (vs JP¥16.11 in 1Q 2023) First quarter 2024 results: EPS: JP¥14.72 (down from JP¥16.11 in 1Q 2023). Revenue: JP¥4.19b (up 7.7% from 1Q 2023). Net income: JP¥213.0m (down 12% from 1Q 2023). Profit margin: 5.1% (down from 6.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Consumer Services industry in Japan. Announcement • Jan 28
AB&Company Co., Ltd. to Report Q1, 2024 Results on Mar 18, 2024 AB&Company Co., Ltd. announced that they will report Q1, 2024 results on Mar 18, 2024 Announcement • Dec 17
AB&Company Co., Ltd., Annual General Meeting, Jan 26, 2024 AB&Company Co., Ltd., Annual General Meeting, Jan 26, 2024. Reported Earnings • Dec 16
Full year 2023 earnings released: EPS: JP¥73.46 (vs JP¥56.09 in FY 2022) Full year 2023 results: EPS: JP¥73.46 (up from JP¥56.09 in FY 2022). Revenue: JP¥16.8b (up 33% from FY 2022). Net income: JP¥1.11b (up 34% from FY 2022). Profit margin: 6.6% (in line with FY 2022). Announcement • Dec 08
AB&Company Co., Ltd. to Report Fiscal Year 2023 Results on Dec 15, 2023 AB&Company Co., Ltd. announced that they will report fiscal year 2023 results on Dec 15, 2023 Upcoming Dividend • Oct 23
Upcoming dividend of JP¥28.07 per share at 2.6% yield Eligible shareholders must have bought the stock before 30 October 2023. Payment date: 30 January 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.8%). Announcement • Oct 05
AB&Company Co., Ltd. (TSE:9251) announces an Equity Buyback for 1,000,000 shares, representing 6.62% for ¥1,000 million. AB&Company Co., Ltd. (TSE:9251) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 6.62% of its issued share capital, for ¥1,000 million. The purpose of the program is to improve the distribution of the Company's common stock, improving capital efficiency and increase liquidity. The program will be valid till February 29, 2024. As of October 2, 2023, the company has 15,113,914 issued shares (excluding treasury stock) and 1,055 treasury shares. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,078, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 18x in the Consumer Services industry in Japan. Total returns to shareholders of 4.5% over the past year. Reported Earnings • Sep 16
Third quarter 2023 earnings released: EPS: JP¥23.84 (vs JP¥19.57 in 3Q 2022) Third quarter 2023 results: EPS: JP¥23.84 (up from JP¥19.57 in 3Q 2022). Revenue: JP¥4.37b (up 39% from 3Q 2022). Net income: JP¥360.0m (up 24% from 3Q 2022). Profit margin: 8.2% (down from 9.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Jun 16
Second quarter 2023 earnings released: EPS: JP¥20.66 (vs JP¥19.57 in 2Q 2022) Second quarter 2023 results: EPS: JP¥20.66 (up from JP¥19.57 in 2Q 2022). Revenue: JP¥4.29b (up 37% from 2Q 2022). Net income: JP¥312.0m (up 7.6% from 2Q 2022). Profit margin: 7.3% (down from 9.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Consumer Services industry in Japan. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,175, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Consumer Services industry in Japan. Total returns to shareholders of 56% over the past year. Announcement • Jun 09
AB&Company Co., Ltd. to Report Q2, 2023 Results on Jun 14, 2023 AB&Company Co., Ltd. announced that they will report Q2, 2023 results on Jun 14, 2023 Announcement • Jan 29
AB&Company Co., Ltd. to Report Q1, 2023 Results on Mar 15, 2023 AB&Company Co., Ltd. announced that they will report Q1, 2023 results on Mar 15, 2023 Announcement • Dec 17
AB&Company Co., Ltd., Annual General Meeting, Jan 27, 2023 AB&Company Co., Ltd., Annual General Meeting, Jan 27, 2023. Announcement • Oct 01
AB&Company Co., Ltd. to Report Fiscal Year 2022 Results on Dec 15, 2022 AB&Company Co., Ltd. announced that they will report fiscal year 2022 results on Dec 15, 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¥958, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the Consumer Services industry in Japan. Announcement • Jan 30
AB&Company Co.,Ltd. to Report Q3, 2022 Results on Sep 14, 2022 AB&Company Co.,Ltd. announced that they will report Q3, 2022 results on Sep 14, 2022 Reported Earnings • Dec 16
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: JP¥63.86 (up from JP¥39.63 in FY 2020). Revenue: JP¥10.9b (up 13% from FY 2020). Net income: JP¥941.0m (up 61% from FY 2020). Profit margin: 8.6% (up from 6.1% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.3%. Earnings per share (EPS) surpassed analyst estimates by 3.3%. Over the next year, revenue is forecast to grow 23%, compared to a 14% growth forecast for the industry in Japan.