Announcement • Jan 27
Plenus Co., Ltd. Provides Dividend Guidance for the Year Ending February 28, 2023 PLENUS Co., Ltd. provides dividend guidance for the year ending February 28, 2023. The company expects to pay nil against JPY 30.00 paid a year ago. Reported Earnings • Jan 14
Third quarter 2023 earnings released: EPS: JP¥32.26 (vs JP¥34.68 in 3Q 2022) Third quarter 2023 results: EPS: JP¥32.26 (down from JP¥34.68 in 3Q 2022). Revenue: JP¥38.3b (up 6.5% from 3Q 2022). Net income: JP¥1.24b (down 7.0% from 3Q 2022). Profit margin: 3.2% (down from 3.7% in 3Q 2022). Revenue is forecast to grow 3.6% 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 increased by 105% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Nov 27
PLENUS Co., Ltd. to Report Q3, 2023 Results on Jan 13, 2023 PLENUS Co., Ltd. announced that they will report Q3, 2023 results on Jan 13, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. No independent directors (7 non-independent directors). External Director Seiji Isoyama was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 37% share price gain to JP¥2,635, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 28x in the Hospitality industry in Japan. Total returns to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,946 per share. Reported Earnings • Oct 17
Second quarter 2023 earnings released: EPS: JP¥35.96 (vs JP¥29.26 in 2Q 2022) Second quarter 2023 results: EPS: JP¥35.96 (up from JP¥29.26 in 2Q 2022). Revenue: JP¥36.7b (up 4.5% from 2Q 2022). Net income: JP¥1.38b (up 23% from 2Q 2022). Profit margin: 3.8% (up from 3.2% in 2Q 2022). Revenue is forecast to grow 3.3% 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 increased by 99% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 08 November 2022. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (0.5%). Announcement • Aug 21
PLENUS Co., Ltd. to Report Q2, 2023 Results on Oct 14, 2022 PLENUS Co., Ltd. announced that they will report Q2, 2023 results on Oct 14, 2022 Reported Earnings • Jul 15
First quarter 2023 earnings released: EPS: JP¥36.53 (vs JP¥26.13 in 1Q 2022) First quarter 2023 results: EPS: JP¥36.53 (up from JP¥26.13 in 1Q 2022). Revenue: JP¥36.6b (up 1.9% from 1Q 2022). Net income: JP¥1.40b (up 40% from 1Q 2022). Profit margin: 3.8% (up from 2.8% in 1Q 2022). Over the next year, revenue is forecast to grow 4.5%, compared to a 47% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 29
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥58.04 (up from JP¥66.37 loss in FY 2021). Revenue: JP¥143.0b (up 1.8% from FY 2021). Net income: JP¥2.23b (up JP¥4.77b from FY 2021). Profit margin: 1.6% (up from net loss in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 51%. Over the next year, revenue is forecast to grow 4.4%, compared to a 51% growth forecast for the restaurants industry in Japan. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • May 22
Plenus Company Limited to Report Q1, 2023 Results on Jul 13, 2022 Plenus Company Limited announced that they will report Q1, 2023 results on Jul 13, 2022 Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. No independent directors (7 non-independent directors). External Director Seiji Isoyama was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 15
Plenus Company Limited, Annual General Meeting, May 25, 2022 Plenus Company Limited, Annual General Meeting, May 25, 2022. Reported Earnings • Apr 14
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥58.04 (up from JP¥66.37 loss in FY 2021). Revenue: JP¥143.0b (up 1.8% from FY 2021). Net income: JP¥2.23b (up JP¥4.77b from FY 2021). Profit margin: 1.6% (up from net loss in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 51%. Over the next year, revenue is forecast to grow 2.8%, compared to a 68% growth forecast for the restaurants industry in Japan. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Feb 22
Plenus Company Limited to Report Fiscal Year 2022 Results on Apr 13, 2022 Plenus Company Limited announced that they will report fiscal year 2022 results on Apr 13, 2022 Upcoming Dividend • Feb 18
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 11 May 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (0.4%). Announcement • Jan 27
Plenus Company Limited Provides Earnings Guidance for the Year Ending February 28, 2022 Plenus Company Limited provided earning guidance for the year ending February 28, 2022 For the period, the company expects net sales of JPY 145,230 million, operating profit of JPY 5,400 million, ordinary profit of JPY 6,040 million, profit attributable to owners of parent JPY 2,510 million and profit per share JPY 65.45. Reported Earnings • Jan 16
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: JP¥34.68 (up from JP¥19.95 in 3Q 2021). Revenue: JP¥36.0b (down 2.4% from 3Q 2021). Net income: JP¥1.33b (up 74% from 3Q 2021). Profit margin: 3.7% (up from 2.1% in 3Q 2021). Revenue missed analyst estimates by 4.0%. Earnings per share (EPS) exceeded analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Over the next year, revenue is forecast to grow 3.6%, compared to a 56% growth forecast for the 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 only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 13
Second quarter 2022 earnings released: EPS JP¥29.26 (vs JP¥20.00 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥35.1b (up 1.0% from 2Q 2021). Net income: JP¥1.12b (up JP¥1.89b from 2Q 2021). Profit margin: 3.2% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • Jul 12
First quarter 2022 earnings released: EPS JP¥26.13 (vs JP¥24.24 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥35.9b (up 7.5% from 1Q 2021). Net income: JP¥1.00b (up JP¥1.93b from 1Q 2021). Profit margin: 2.8% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • May 30
Full year 2021 earnings released: JP¥66.37 loss per share (vs JP¥76.57 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: JP¥140.5b (down 6.1% from FY 2020). Net loss: JP¥2.55b (loss narrowed 13% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 17
Full year 2021 earnings released: JP¥66.37 loss per share (vs JP¥76.57 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: JP¥140.5b (down 6.1% from FY 2020). Net loss: JP¥2.55b (loss narrowed 13% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • Feb 24
Plenus Company Limited to Report Fiscal Year 2021 Results on Apr 14, 2021 Plenus Company Limited announced that they will report fiscal year 2021 results on Apr 14, 2021 Is New 90 Day High Low • Feb 02
New 90-day high: JP¥2,036 The company is up 19% from its price of JP¥1,712 on 04 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 8.0% over the same period. Analyst Estimate Surprise Post Earnings • Jan 19
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 226%. Over the next year, revenue is forecast to grow 5.0%, compared to a 12% growth forecast for the Hospitality industry in Japan. Analyst Estimate Surprise Post Earnings • Jan 16
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 226%. Over the next year, revenue is forecast to stay flat compared to a 12% growth forecast for the Hospitality industry in Japan. Is New 90 Day High Low • Jan 15
New 90-day high: JP¥1,872 The company is up 10.0% from its price of JP¥1,705 on 16 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality industry, which is up 6.0% over the same period. Reported Earnings • Jan 15
Third quarter 2021 earnings released: EPS JP¥19.95 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: JP¥36.9b (flat on 3Q 2020). Net income: JP¥765.0m (up JP¥841.0m from 3Q 2020). Profit margin: 2.1% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. 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 5% per year, which means it has not declined as severely as earnings. Announcement • Aug 10
Plenus Company Limited to Report Q2, 2021 Results on Oct 09, 2020 Plenus Company Limited announced that they will report Q2, 2021 results on Oct 09, 2020 