Major Estimate Revision • Jun 26
Consensus EPS estimates fall by 13%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from JP¥397.7b to JP¥404.8b. Forecast EPS reduced from -JP¥9.35 to -JP¥10.54 per share. Hospitality industry in Japan expected to see average net income growth of 8.9% next year. Consensus price target down from JP¥1,283 to JP¥1,170. Share price fell 2.1% to JP¥939 over the past week. Declared Dividend • Jun 15
Dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 29th October 2026 Payment date: 29th January 2027 Dividend yield will be 2.7%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 250% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 14
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: JP¥5.71 loss per share (down from JP¥3.80 profit in 2Q 2025). Revenue: JP¥91.9b (up 4.4% from 2Q 2025). Net loss: JP¥427.0m (down 250% from profit in 2Q 2025). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 22% per year. Major Estimate Revision • Jun 13
Consensus EPS estimates fall from profit to JP¥2.30 loss, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from JP¥395.7b to JP¥402.5b. Now expected to report loss of -JP¥2.30 instead of JP¥110 per share profit. Hospitality industry in Japan expected to see average net income growth of 10.0% next year. Consensus price target down from JP¥1,433 to JP¥1,295. Share price fell 4.5% to JP¥1,019 over the past week. Price Target Changed • Jun 13
Price target decreased by 9.6% to JP¥1,295 Down from JP¥1,433, the current price target is an average from 4 analysts. New target price is 27% above last closing price of JP¥1,019. Stock is down 34% over the past year. The company is forecast to post a net loss per share of JP¥2.30 compared to earnings per share of JP¥63.15 last year. Announcement • May 09
H.I.S. Co., Ltd. to Report Q2, 2026 Results on Jun 12, 2026 H.I.S. Co., Ltd. announced that they will report Q2, 2026 results on Jun 12, 2026 Reported Earnings • Mar 14
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: JP¥45.85 (up from JP¥25.41 in 1Q 2025). Revenue: JP¥101.2b (up 12% from 1Q 2025). Net income: JP¥3.43b (up 81% from 1Q 2025). Profit margin: 3.4% (up from 2.1% in 1Q 2025). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 6.2%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Price Target Changed • Dec 22
Price target decreased by 9.0% to JP¥1,516 Down from JP¥1,666, the current price target is an average from 5 analysts. New target price is 17% above last closing price of JP¥1,293. Stock is down 15% over the past year. The company is forecast to post earnings per share of JP¥110 for next year compared to JP¥63.15 last year. Reported Earnings • Dec 16
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥63.15 (down from JP¥117 in FY 2024). Revenue: JP¥373.1b (up 8.7% from FY 2024). Net income: JP¥4.72b (down 46% from FY 2024). Profit margin: 1.3% (down from 2.5% in FY 2024). Revenue missed analyst estimates by 6.1%. Earnings per share (EPS) also missed analyst estimates by 30%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Dec 14
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Announcement • Dec 12
H.I.S. Co., Ltd., Annual General Meeting, Jan 28, 2026 H.I.S. Co., Ltd., Annual General Meeting, Jan 28, 2026. Buy Or Sell Opportunity • Nov 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to JP¥1,228. The fair value is estimated to be JP¥1,554, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • Oct 24
H.I.S. Co., Ltd. to Report Fiscal Year 2025 Results on Dec 12, 2025 H.I.S. Co., Ltd. announced that they will report fiscal year 2025 results on Dec 12, 2025 Announcement • Oct 23
H.I.S. Co., Ltd. (TSE:9603) agreed to acquire 80% stake in Southwing Co., Ltd from Seike Noboru for ¥960 million. H.I.S. Co., Ltd. (TSE:9603) agreed to acquire 80% stake in Southwing Co., Ltd from Seike Noboru for ¥960 million on October 22, 2025.
For the period ending August 31, 2025, Southwing Co., Ltd reported total revenue of ¥998 million, EBIT of ¥174 million and net income of ¥118 million. As of August 31, 2025, Southwing Co., Ltd reported total assets of ¥1.39 billion and total common equity of ¥989 million.
The expected completion of the transaction is November 10, 2025. Reported Earnings • Sep 15
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: JP¥26.98 loss per share (further deteriorated from JP¥0.92 loss in 3Q 2024). Revenue: JP¥85.0b (up 11% from 3Q 2024). Net loss: JP¥2.02b (loss widened JP¥1.95b from 3Q 2024). Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) also missed analyst estimates. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Jul 31
H.I.S. Co., Ltd. to Report Q3, 2025 Results on Sep 12, 2025 H.I.S. Co., Ltd. announced that they will report Q3, 2025 results on Sep 12, 2025 Declared Dividend • Jul 12
First half dividend of JP¥10.00 announced Dividend of JP¥10.00 is the same as last year. Ex-date: 30th October 2025 Payment date: 1st January 1970 Dividend yield will be 1.5%, which is higher than the industry average of 0.6%. Sustainability & Growth The dividend has increased by an average of 1.1% per year over the past 10 years. However, payments have been volatile during that time. New Risk • Jun 21
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results. Reported Earnings • Jun 15
First half 2025 earnings: EPS misses analyst expectations First half 2025 results: EPS: JP¥50.83 (up from JP¥48.82 in 1H 2024). Revenue: JP¥181.3b (up 13% from 1H 2024). Net income: JP¥3.80b (up 4.1% from 1H 2024). Profit margin: 2.1% (down from 2.3% in 1H 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 7.4%. Revenue is forecast to grow 6.7% 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 114% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • May 23
Ranjan Kumar Dasdeb agreed to acquire remaining 51.25% stake in Number One Travel Shibuya Co.,Ltd, from H.I.S. Co., Ltd. (TSE:9603). Ranjan Kumar Dasdeb agreed to acquire remaining 51.25% stake in Number One Travel Shibuya Co.,Ltd, from H.I.S. Co., Ltd. (TSE:9603) on May 23, 2025.
For the period ending October 31, 2024, Number One Travel Shibuya Co.,Ltd, reported total revenue of ¥537 million and EBIT of ¥0. As of October 31, 2024, Number One Travel Shibuya Co.,Ltd, reported total assets of ¥48 million and total common equity of ¥354 million.
The expected completion of the transaction is May 29, 2025. Announcement • Apr 23
H.I.S. Co., Ltd. to Report Q2, 2025 Results on Jun 13, 2025 H.I.S. Co., Ltd. announced that they will report Q2, 2025 results on Jun 13, 2025 Reported Earnings • Apr 02
First quarter 2025 earnings released: EPS: JP¥47.03 (vs JP¥34.56 in 1Q 2024) First quarter 2025 results: EPS: JP¥47.03 (up from JP¥34.56 in 1Q 2024). Revenue: JP¥93.3b (up 16% from 1Q 2024). Net income: JP¥3.51b (up 36% from 1Q 2024). Profit margin: 3.8% (up from 3.2% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% 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 116% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Apr 01
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 6.0% 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 Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Buy Or Sell Opportunity • Mar 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.1% to JP¥1,428. The fair value is estimated to be JP¥1,811, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.5% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Announcement • Mar 05
H.I.S. Co., Ltd. to Report Q1, 2025 Results on Mar 31, 2025 H.I.S. Co., Ltd. announced that they will report Q1, 2025 results on Mar 31, 2025 Buy Or Sell Opportunity • Dec 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.2% to JP¥1,766. The fair value is estimated to be JP¥2,210, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Buy Or Sell Opportunity • Nov 18
Now 20% undervalued Over the last 90 days, the stock has risen 1.1% to JP¥1,764. The fair value is estimated to be JP¥2,210, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Announcement • Oct 18
H.I.S. Co., Ltd. to Report Fiscal Year 2024 Results on Dec 13, 2024 H.I.S. Co., Ltd. announced that they will report fiscal year 2024 results on Dec 13, 2024 Reported Earnings • Sep 17
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: JP¥0.12 (up from JP¥11.17 loss in 3Q 2023). Revenue: JP¥76.4b (up 25% from 3Q 2023). Net income: JP¥9.00m (up JP¥835.0m from 3Q 2023). Profit margin: 0% (up from net loss in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 7.8% 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 104% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Sep 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.3% to JP¥1,739. The fair value is estimated to be JP¥2,206, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.4% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Buy Or Sell Opportunity • Aug 05
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to JP¥1,530. The fair value is estimated to be JP¥2,082, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • Jul 17
H.I.S. Co., Ltd. to Report Q3, 2024 Results on Sep 13, 2024 H.I.S. Co., Ltd. announced that they will report Q3, 2024 results on Sep 13, 2024 Buy Or Sell Opportunity • Jul 01
Now 13% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to JP¥1,620. The fair value is estimated to be JP¥1,855, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 34% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.2% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Reported Earnings • Jun 16
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: JP¥17.33 (up from JP¥16.74 loss in 2Q 2023). Revenue: JP¥80.7b (up 42% from 2Q 2023). Net income: JP¥1.30b (up JP¥2.53b from 2Q 2023). Profit margin: 1.6% (up from net loss in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 45%. Revenue is forecast to grow 5.8% 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 94% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Apr 20
H.I.S. Co., Ltd. to Report Q2, 2024 Results on Jun 14, 2024 H.I.S. Co., Ltd. announced that they will report Q2, 2024 results on Jun 14, 2024 New Risk • Mar 27
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 12% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results. Reported Earnings • Mar 17
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: JP¥34.56 (up from JP¥48.29 loss in 1Q 2023). Revenue: JP¥80.5b (up 75% from 1Q 2023). Net income: JP¥2.58b (up JP¥6.15b from 1Q 2023). Profit margin: 3.2% (up from net loss in 1Q 2023). Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Dec 17
H.I.S. Co., Ltd., Annual General Meeting, Jan 25, 2024 H.I.S. Co., Ltd., Annual General Meeting, Jan 25, 2024. Reported Earnings • Dec 16
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: JP¥35.34 loss per share (improved from JP¥130 loss in FY 2022). Revenue: JP¥251.9b (up 76% from FY 2022). Net loss: JP¥2.62b (loss narrowed 73% from FY 2022). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) exceeded analyst estimates by 24%. Revenue is forecast to grow 7.5% 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 64% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Dec 09
Consensus EPS estimates upgraded to JP¥46.22 loss, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from JP¥266.9b to JP¥262.5b. 2023 losses expected to reduce from -JP¥54.38 to -JP¥46.22 per share. Hospitality industry in Japan expected to see average net income growth of 27% next year. Consensus price target of JP¥1,886 unchanged from last update. Share price rose 6.3% to JP¥1,824 over the past week. Announcement • Nov 08
H.I.S. Co., Ltd. to Report Fiscal Year 2023 Results on Dec 15, 2023 H.I.S. Co., Ltd. announced that they will report fiscal year 2023 results on Dec 15, 2023 Major Estimate Revision • Oct 12
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -JP¥60.00 to -JP¥68.75 per share. Revenue forecast unchanged at JP¥266.9b. Hospitality industry in Japan expected to see average net income growth of 21% next year. Consensus price target of JP¥1,886 unchanged from last update. Share price was steady at JP¥1,729 over the past week. Reported Earnings • Sep 16
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: JP¥11.17 loss per share (improved from JP¥86.01 loss in 3Q 2022). Revenue: JP¥61.1b (up 94% from 3Q 2022). Net loss: JP¥826.0m (loss narrowed 87% from 3Q 2022). Revenue missed analyst estimates by 9.0%. Earnings per share (EPS) exceeded analyst estimates by 24%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 8.6% 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 2% per year, which means it is significantly lagging earnings. Announcement • Aug 18
H.I.S. Co., Ltd. to Report Q3, 2023 Results on Sep 13, 2023 H.I.S. Co., Ltd. announced that they will report Q3, 2023 results on Sep 13, 2023 Major Estimate Revision • Jul 14
Consensus EPS estimates upgraded to JP¥65.24 loss, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from JP¥257.7b to JP¥247.9b. 2023 losses expected to reduce from -JP¥75.07 to -JP¥65.24 per share. Hospitality industry in Japan expected to see average net income growth of 19% next year. Consensus price target broadly unchanged at JP¥1,886. Share price was steady at JP¥2,022 over the past week. New Risk • Jun 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risk Large one-off items impacting financial results. Reported Earnings • Jun 16
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: JP¥16.74 loss per share (improved from JP¥239 loss in 2Q 2022). Revenue: JP¥56.8b (up 63% from 2Q 2022). Net loss: JP¥1.24b (loss narrowed 93% from 2Q 2022). Revenue missed analyst estimates by 10.0%. Earnings per share (EPS) exceeded analyst estimates by 21%. Revenue is forecast to grow 18% 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 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jun 15
Consensus revenue estimates decrease by 15%, EPS upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from JP¥303.4b to JP¥257.7b. EPS estimate increased from -JP¥88.35 to -JP¥75.07 per share. Hospitality industry in Japan expected to see average net income growth of 20% next year. Consensus price target of JP¥1,858 unchanged from last update. Share price rose 8.8% to JP¥2,063 over the past week. Announcement • May 17
H.I.S. Co., Ltd. to Report Q2, 2023 Results on Jun 14, 2023 H.I.S. Co., Ltd. announced that they will report Q2, 2023 results on Jun 14, 2023 Reported Earnings • Mar 17
First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2023 results: JP¥48.29 loss per share (improved from JP¥129 loss in 1Q 2022). Revenue: JP¥46.1b (up 37% from 1Q 2022). Net loss: JP¥3.57b (loss narrowed 62% from 1Q 2022). Revenue missed analyst estimates by 25%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 21% 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 28% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Major Estimate Revision • Mar 10
Consensus EPS estimates fall by 74%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from JP¥347.5b to JP¥370.0b. Forecast EPS reduced from -JP¥54.89 to -JP¥95.32 per share. Hospitality industry in Japan expected to see average net income growth of 15% next year. Consensus price target broadly unchanged at JP¥1,867. Share price fell 3.4% to JP¥1,995 over the past week. Announcement • Feb 17
H.I.S. Co., Ltd. to Report Q1, 2023 Results on Mar 15, 2023 H.I.S. Co., Ltd. announced that they will report Q1, 2023 results on Mar 15, 2023 Reported Earnings • Feb 02
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: JP¥130 loss per share (improved from JP¥750 loss in FY 2021). Revenue: JP¥142.8b (up 20% from FY 2021). Net loss: JP¥9.55b (loss narrowed 81% from FY 2021). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 52%. Revenue is forecast to grow 27% 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 56% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Dec 17
H.I.S. Co., Ltd., Annual General Meeting, Jan 26, 2023 H.I.S. Co., Ltd., Annual General Meeting, Jan 26, 2023. Reported Earnings • Dec 16
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: JP¥130 loss per share (improved from JP¥750 loss in FY 2021). Revenue: JP¥142.8b (up 20% from FY 2021). Net loss: JP¥9.55b (loss narrowed 81% from FY 2021). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 27% 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 56% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Dec 10
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from JP¥150.5b to JP¥144.7b. 2022 losses expected to reduce from -JP¥430 to -JP¥273 per share. Hospitality industry in Japan expected to see average net income decline 3.8% next year. Consensus price target down from JP¥1,925 to JP¥1,875. Share price was steady at JP¥1,995 over the past week. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Outside Director Atsushi Nabeshima 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. Price Target Changed • Oct 21
Price target decreased to JP¥1,967 Down from JP¥2,167, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥2,064. Stock is down 18% over the past year. The company is forecast to post a net loss per share of JP¥430 next year compared to a net loss per share of JP¥750 last year. Reported Earnings • Sep 15
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: JP¥86.00 loss per share (improved from JP¥145 loss in 3Q 2021). Revenue: JP¥31.4b (up 36% from 3Q 2021). Net loss: JP¥6.35b (loss narrowed 37% from 3Q 2021). Revenue missed analyst estimates by 22%. Earnings per share (EPS) exceeded analyst estimates by 36%. Revenue is forecast to grow 35% 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, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Sep 14
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from JP¥169.5b to JP¥162.5b. 2022 losses expected to reduce from -JP¥389 to -JP¥199 per share. Hospitality industry in Japan expected to see average net income decline 0.6% next year. Consensus price target of JP¥2,133 unchanged from last update. Share price rose 15% to JP¥2,310 over the past week. Reported Earnings • Jun 14
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: JP¥239 loss per share (down from JP¥234 loss in 2Q 2021). Revenue: JP¥34.9b (up 21% from 2Q 2021). Net loss: JP¥17.6b (loss widened 15% from 2Q 2021). Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 146%, compared to a 48% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jun 14
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from JP¥166.7b to JP¥163.5b. 2022 losses expected to reduce from -JP¥425 to -JP¥237 per share. Hospitality industry in Japan expected to see average net income decline 0.3% next year. Consensus price target of JP¥2,175 unchanged from last update. Share price fell 12% to JP¥2,013 over the past week. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Independent Outside Director Atsushi Nabeshima 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. Major Estimate Revision • Apr 08
Consensus estimates of losses per share improve by 15% The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from JP¥415.2b to JP¥422.5b. EPS estimate increased from -JP¥497 per share to -JP¥425 per share. Hospitality industry in Japan expected to see average net income growth of 12% next year. Consensus price target down from JP¥2,283 to JP¥2,217. Share price fell 2.9% to JP¥2,093 over the past week. Price Target Changed • Apr 07
Price target decreased to JP¥2,217 Down from JP¥2,433, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of JP¥2,168. Stock is down 1.1% over the past year. The company is forecast to post a net loss per share of JP¥497 next year compared to a net loss per share of JP¥750 last year. Major Estimate Revision • Mar 18
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from JP¥421.0b to JP¥445.5b. Forecast EPS reduced from -JP¥415 to -JP¥497 per share. Hospitality industry in Japan expected to see average net income growth of 13% next year. Consensus price target down from JP¥2,433 to JP¥2,283. Share price rose 20% to JP¥2,233 over the past week. Reported Earnings • Feb 03
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: JP¥750 loss per share (down from JP¥433 loss in FY 2020). Revenue: JP¥118.6b (down 72% from FY 2020). Net loss: JP¥50.1b (loss widened 100% from FY 2020). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates by 16%. Over the next year, revenue is forecast to grow 255%, compared to a 66% growth forecast for the restaurants industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jan 29
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from JP¥431.8b to JP¥421.0b. Losses expected to increase from JP¥369 per share to JP¥415. Hospitality industry in Japan expected to see average net income growth of 31% next year. Consensus price target broadly unchanged at JP¥2,433. Share price fell 6.6% to JP¥1,850 over the past week. Reported Earnings • Dec 29
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: JP¥750 loss per share (down from JP¥433 loss in FY 2020). Revenue: JP¥118.6b (down 72% from FY 2020). Net loss: JP¥50.1b (loss widened 100% from FY 2020). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates by 18%. Earnings per share (EPS) surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 264%, compared to a 56% growth forecast for the restaurants industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Dec 29
Consensus revenue estimates fall by 15% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from JP¥438.3b to JP¥372.5b. Forecast loss of -JP¥300, down from profit of JP¥3.81 per share profit previously. Hospitality industry in Japan expected to see average net income growth of 32% next year. Consensus price target broadly unchanged at JP¥2,450. Share price rose 2.4% to JP¥1,927 over the past week. Major Estimate Revision • Dec 01
Consensus revenue estimates fall to JP¥127.8b The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from JP¥150.3b to JP¥127.8b. Forecast losses increased from -JP¥573 to -JP¥616 per share. Hospitality industry in Japan expected to see average net income growth of 31% next year. Consensus price target broadly unchanged at JP¥2,575. Share price fell 13% to JP¥1,916 over the past week. Reported Earnings • Jun 13
Second quarter 2021 earnings released: JP¥233 loss per share (vs JP¥98.10 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: JP¥28.8b (down 80% from 2Q 2020). Net loss: JP¥15.2b (loss widened 170% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Major Estimate Revision • Jun 11
Consensus revenue estimates fall to JP¥214.9b The consensus outlook for revenues in 2021 has deteriorated. 2021 revenue forecast decreased from JP¥257.9b to JP¥214.9b. Forecast losses increased from -JP¥347 to -JP¥433 per share. Hospitality industry in Japan expected to see average net income growth of 65% next year. Consensus price target up from JP¥2,171 to JP¥2,471. Share price was steady at JP¥2,597 over the past week. Price Target Changed • Jun 09
Price target increased to JP¥2,343 Up from JP¥2,171, the current price target is an average from 8 analysts. New target price is 11% below last closing price of JP¥2,633. Stock is up 29% over the past year. Major Estimate Revision • Apr 10
Consensus EPS estimates fall to -JP¥389 The consensus outlook for earnings per share (EPS) in 2021 has deteriorated. 2021 revenue forecast decreased from JP¥274.7b to JP¥271.4b. Losses expected to increase from -JP¥327 to -JP¥389. Hospitality industry in Japan expected to see average net income growth of 46% next year. Consensus price target up from JP¥1,950 to JP¥2,088. Share price was steady at JP¥2,192 over the past week. Price Target Changed • Apr 07
Price target increased to JP¥2,088 Up from JP¥1,950, the current price target is an average from 9 analysts. New target price is 7.0% below last closing price of JP¥2,244. Stock is up 74% over the past year. Reported Earnings • Mar 16
First quarter 2021 earnings released: JP¥127 loss per share (vs JP¥37.92 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: JP¥38.9b (down 81% from 1Q 2020). Net loss: JP¥7.98b (down 467% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 88% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Mar 09
Analysts lower EPS estimates to -JP¥192 The 2021 consensus revenue estimate was lowered from JP¥409.3b to JP¥404.4b. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -JP¥171 to -JP¥192 for the same period. The Hospitality industry in Japan is expected to see an average net income growth of 39% next year. The consensus price target increased from JP¥1,825 to JP¥1,856. Share price is down by 1.1% to JP¥2,207 over the past week. Is New 90 Day High Low • Feb 15
New 90-day high: JP¥2,084 The company is up 28% from its price of JP¥1,625 on 17 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥167 per share. Reported Earnings • Feb 03
Full year 2020 earnings released: JP¥433 loss per share (vs JP¥214 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: JP¥430.3b (down 47% from FY 2019). Net loss: JP¥25.0b (down 304% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 64% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 03
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 0.9%. Earnings per share (EPS) missed analyst estimates by 16%. Over the next year, revenue is expected to shrink by 4.9% compared to a 41% growth forecast for the Hospitality industry in Japan. Is New 90 Day High Low • Jan 20
New 90-day high: JP¥1,782 The company is up 8.0% from its price of JP¥1,650 on 22 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥167 per share. Price Target Changed • Jan 09
Price target raised to JP¥1,813 Up from JP¥1,686, the current price target is an average from 9 analysts. The new target price is 13% above the current share price of JP¥1,604. As of last close, the stock is down 47% over the past year.