Declared Dividend • Jun 03
First half dividend of JP¥46.35 announced Shareholders will receive a dividend of JP¥46.35. Ex-date: 29th September 2026 Payment date: 24th December 2026 Dividend yield will be 6.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 71% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 03
Financial Partners Group Co.,Ltd. to Report Q3, 2026 Results on Jul 30, 2026 Financial Partners Group Co.,Ltd. announced that they will report Q3, 2026 results at 3:00 PM, Tokyo Standard Time on Jul 30, 2026 Reported Earnings • Apr 29
Second quarter 2026 earnings released: EPS: JP¥46.19 (vs JP¥63.91 in 2Q 2025) Second quarter 2026 results: EPS: JP¥46.19 (down from JP¥63.91 in 2Q 2025). Revenue: JP¥20.6b (down 42% from 2Q 2025). Net income: JP¥3.87b (down 28% from 2Q 2025). Profit margin: 19% (up from 15% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 12% per year. Announcement • Apr 21
Financial Partners Group Co.,Ltd. to Report Q2, 2026 Results on Apr 28, 2026 Financial Partners Group Co.,Ltd. announced that they will report Q2, 2026 results on Apr 28, 2026 Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,582, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 14x in the Diversified Financial industry in Japan. Total returns to shareholders of 60% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥62.70 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 03 June 2026. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.3%). New Risk • Feb 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risks High level of debt (116% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Reported Earnings • Jan 30
First quarter 2026 earnings released: EPS: JP¥50.49 (vs JP¥64.76 in 1Q 2025) First quarter 2026 results: EPS: JP¥50.49 (down from JP¥64.76 in 1Q 2025). Revenue: JP¥15.0b (down 46% from 1Q 2025). Net income: JP¥4.23b (down 23% from 1Q 2025). Profit margin: 28% (up from 20% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 20% per year. Declared Dividend • Jan 08
Final dividend of JP¥62.70 announced Shareholders will receive a dividend of JP¥62.70. Ex-date: 30th March 2026 Payment date: 3rd June 2026 Dividend yield will be 6.4%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 28% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Dec 25
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥216 (down from JP¥240 in FY 2024). Revenue: JP¥129.8b (up 20% from FY 2024). Net income: JP¥18.2b (down 11% from FY 2024). Profit margin: 14% (down from 19% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. New Risk • Dec 22
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 7.4% 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 (69% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change). Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥1,698, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Diversified Financial industry in Japan. Total returns to shareholders of 81% over the past three years. Announcement • Dec 04
Financial Partners Group Co.,Ltd. to Report Q1, 2026 Results on Jan 29, 2026 Financial Partners Group Co.,Ltd. announced that they will report Q1, 2026 results on Jan 29, 2026 Major Estimate Revision • Nov 22
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥152.5b to JP¥132.0b. EPS estimate fell from JP¥317 to JP¥256 per share. Net income forecast to grow 18% next year vs 9.1% growth forecast for Diversified Financial industry in Japan. Consensus price target down from JP¥3,350 to JP¥2,900. Share price was steady at JP¥2,301 over the past week. Price Target Changed • Nov 21
Price target decreased by 15% to JP¥2,900 Down from JP¥3,400, the current price target is provided by 1 analyst. New target price is 26% above last closing price of JP¥2,301. Stock is down 23% over the past year. The company is forecast to post earnings per share of JP¥256 for next year compared to JP¥216 last year. Reported Earnings • Oct 31
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥216 (down from JP¥240 in FY 2024). Revenue: JP¥129.8b (up 20% from FY 2024). Net income: JP¥18.2b (down 11% from FY 2024). Profit margin: 14% (down from 19% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 1.7% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 27% per year. Buy Or Sell Opportunity • Oct 31
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.7% to JP¥2,144. The fair value is estimated to be JP¥2,769, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 71% in the next 2 years. Announcement • Oct 30
Financial Partners Group Co.,Ltd., Annual General Meeting, Dec 23, 2025 Financial Partners Group Co.,Ltd., Annual General Meeting, Dec 23, 2025. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥65.20 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 23 December 2025. Payout ratio is a comfortable 70% and the cash payout ratio is 89%. Trailing yield: 5.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Announcement • Sep 03
Financial Partners Group Co.,Ltd. to Report Fiscal Year 2025 Results on Oct 30, 2025 Financial Partners Group Co.,Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on Oct 30, 2025 Reported Earnings • Aug 02
Third quarter 2025 earnings released: EPS: JP¥34.80 (vs JP¥59.80 in 3Q 2024) Third quarter 2025 results: EPS: JP¥34.80 (down from JP¥59.80 in 3Q 2024). Revenue: JP¥27.2b (down 11% from 3Q 2024). Net income: JP¥2.91b (down 43% from 3Q 2024). Profit margin: 11% (down from 17% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Jun 04
Financial Partners Group Co.,Ltd. to Report Q3, 2025 Results on Jul 31, 2025 Financial Partners Group Co.,Ltd. announced that they will report Q3, 2025 results on Jul 31, 2025 Declared Dividend • Jun 04
First half dividend of JP¥65.20 announced Shareholders will receive a dividend of JP¥65.20. Ex-date: 29th September 2025 Payment date: 23rd December 2025 Dividend yield will be 5.6%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (89% cash payout ratio). The dividend has increased by an average of 34% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 65% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 29
Second quarter 2025 earnings released: EPS: JP¥63.91 (vs JP¥60.18 in 2Q 2024) Second quarter 2025 results: EPS: JP¥63.91 (up from JP¥60.18 in 2Q 2024). Revenue: JP¥35.5b (up 35% from 2Q 2024). Net income: JP¥5.37b (up 4.5% from 2Q 2024). Profit margin: 15% (down from 20% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 43% per year. New Risk • Apr 08
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 6.3% 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 (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Buy Or Sell Opportunity • Apr 04
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to JP¥2,014. The fair value is estimated to be JP¥2,583, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 46% in 2 years. Earnings are forecast to grow by 44% in the next 2 years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥65.20 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 04 June 2025. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 5.3%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.2%). Announcement • Mar 04
Financial Partners Group Co.,Ltd. to Report Q2, 2025 Results on Apr 28, 2025 Financial Partners Group Co.,Ltd. announced that they will report Q2, 2025 results on Apr 28, 2025 Board Change • Feb 19
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Member of the Audit & Supervisory Board Ryoko Sasamori was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 31
First quarter 2025 earnings released: EPS: JP¥64.76 (vs JP¥74.73 in 1Q 2024) First quarter 2025 results: EPS: JP¥64.76 (down from JP¥74.73 in 1Q 2024). Revenue: JP¥28.0b (up 15% from 1Q 2024). Net income: JP¥5.47b (down 14% from 1Q 2024). Profit margin: 20% (down from 26% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 42% per year. Declared Dividend • Jan 06
Final dividend of JP¥65.20 announced Shareholders will receive a dividend of JP¥65.20. Ex-date: 28th March 2025 Payment date: 4th June 2025 Dividend yield will be 5.1%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 37% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Dec 28
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥240 (up from JP¥146 in FY 2023). Revenue: JP¥107.8b (up 52% from FY 2023). Net income: JP¥20.5b (up 64% from FY 2023). Profit margin: 19% (up from 18% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 05
Financial Partners Group Co.,Ltd. to Report Q1, 2025 Results on Jan 30, 2025 Financial Partners Group Co.,Ltd. announced that they will report Q1, 2025 results on Jan 30, 2025 Price Target Changed • Nov 19
Price target increased by 26% to JP¥3,400 Up from JP¥2,700, the current price target is provided by 1 analyst. New target price is 13% above last closing price of JP¥3,020. Stock is up 91% over the past year. The company is forecast to post earnings per share of JP¥271 for next year compared to JP¥240 last year. Buy Or Sell Opportunity • Nov 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to JP¥3,020. The fair value is estimated to be JP¥2,497, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 44% over the last 3 years. Earnings per share has grown by 49%. Revenue is forecast to grow by 34% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. New Risk • Nov 03
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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (31% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.8% average weekly change). Reported Earnings • Nov 02
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥240 (up from JP¥146 in FY 2023). Revenue: JP¥107.8b (up 52% from FY 2023). Net income: JP¥20.5b (up 64% from FY 2023). Profit margin: 19% (up from 18% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 1.6%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥2,660, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Diversified Financial industry in Japan. Total returns to shareholders of 405% over the past three years. Announcement • Oct 31
Financial Partners Group Co.,Ltd., Annual General Meeting, Dec 20, 2024 Financial Partners Group Co.,Ltd., Annual General Meeting, Dec 20, 2024. Buy Or Sell Opportunity • Oct 28
Now 24% overvalued Over the last 90 days, the stock has fallen 6.3% to JP¥2,334. The fair value is estimated to be JP¥1,882, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last 3 years. Earnings per share has grown by 53%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 42% in the next 2 years. Buy Or Sell Opportunity • Oct 03
Now 21% overvalued Over the last 90 days, the stock has fallen 6.2% to JP¥2,284. The fair value is estimated to be JP¥1,888, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last 3 years. Earnings per share has grown by 53%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 42% in the next 2 years. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥67.10 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 25 December 2024. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.0%). Major Estimate Revision • Sep 18
Consensus revenue estimates increase by 30% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥80.0b to JP¥104.0b. EPS estimate increased from JP¥196 to JP¥236 per share. Net income forecast to grow 5.5% next year vs 11% growth forecast for Diversified Financial industry in Japan. Consensus price target up from JP¥2,700 to JP¥2,800. Share price rose 10% to JP¥2,306 over the past week. Buy Or Sell Opportunity • Sep 18
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 8.2% to JP¥2,306. The fair value is estimated to be JP¥1,857, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last 3 years. Earnings per share has grown by 53%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Announcement • Aug 30
Financial Partners Group Co.,Ltd. to Report Fiscal Year 2024 Results on Oct 31, 2024 Financial Partners Group Co.,Ltd. announced that they will report fiscal year 2024 results on Oct 31, 2024 Buy Or Sell Opportunity • Aug 16
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 9.5% to JP¥2,326. The fair value is estimated to be JP¥1,884, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last 3 years. Earnings per share has grown by 53%. Revenue is forecast to decline by 13% in 2 years. Earnings are forecast to grow by 4.9% in the next 2 years. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥2,001, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Diversified Financial industry in Japan. Total returns to shareholders of 220% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,805 per share. Reported Earnings • Aug 02
Third quarter 2024 earnings released: EPS: JP¥59.80 (vs JP¥35.89 in 3Q 2023) Third quarter 2024 results: EPS: JP¥59.80 (up from JP¥35.89 in 3Q 2023). Revenue: JP¥30.6b (up 95% from 3Q 2023). Net income: JP¥5.10b (up 66% from 3Q 2023). Profit margin: 17% (down from 20% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 5.3% p.a. on average during the next 3 years, while revenues in the Diversified Financial industry in Japan are expected to grow by 6.2%. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. New Risk • Aug 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 5.3% 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 (158% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.3% average weekly change). Announcement • Jun 10
Financial Partners Group Co.,Ltd. to Report Q3, 2024 Results on Jul 31, 2024 Financial Partners Group Co.,Ltd. announced that they will report Q3, 2024 results on Jul 31, 2024 Reported Earnings • May 01
Second quarter 2024 earnings released: EPS: JP¥60.18 (vs JP¥34.91 in 2Q 2023) Second quarter 2024 results: EPS: JP¥60.18 (up from JP¥34.91 in 2Q 2023). Revenue: JP¥26.3b (up 76% from 2Q 2023). Net income: JP¥5.14b (up 72% from 2Q 2023). Profit margin: 20% (in line with 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 7.3% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Declared Dividend • Apr 30
Dividend of JP¥49.25 announced Shareholders will receive a dividend of JP¥49.25. Ex-date: 27th September 2024 Payment date: 25th December 2024 Dividend yield will be 4.0%, which is higher than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (44% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 36% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 27
Financial Partners Group Co.,Ltd. (TSE:7148) announces an Equity Buyback for 1,000,000 shares, representing 1.17% for ¥2,000 million. Financial Partners Group Co.,Ltd. (TSE:7148) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 4.51% of its share capital, for ¥2,000 million. The company will repurchase its shares in order to increase shareholder value per share through improving capital efficiency. The program will run until October 31, 2024. As of April 26, 2024, the company had 85,401,499 shares outstanding (excluding treasury shares) and 3,672,101 shares in treasury. Major Estimate Revision • Apr 16
Consensus EPS estimates increase by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥74.7b to JP¥80.0b. EPS estimate increased from JP¥163 to JP¥196 per share. Net income forecast to grow 17% next year vs 20% growth forecast for Diversified Financial industry in Japan. Consensus price target up from JP¥1,800 to JP¥2,700. Share price was steady at JP¥2,173 over the past week. Announcement • Mar 06
Financial Products Group Co., Ltd. to Report Q2, 2024 Results on Apr 26, 2024 Financial Products Group Co., Ltd. announced that they will report Q2, 2024 results on Apr 26, 2024 Reported Earnings • Feb 02
First quarter 2024 earnings released: EPS: JP¥74.73 (vs JP¥53.39 in 1Q 2023) First quarter 2024 results: EPS: JP¥74.73 (up from JP¥53.39 in 1Q 2023). Revenue: JP¥24.4b (up 40% from 1Q 2023). Net income: JP¥6.38b (up 40% from 1Q 2023). Profit margin: 26% (in line with 1Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth. Announcement • Feb 01
Financial Products Group Co., Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Fiscal Year Ending September 30, 2024 Financial Products Group Co., Ltd. provided consolidated earnings guidance for the first half and full fiscal year ending September 30, 2024. For the first half, the company expects net sales of JPY 36,350 million, operating income of JPY 9,500 million, profit attributable to owners of parent of JPY 6,600 million and net income per share of JPY 77.28.For the full year, the company expects net sales of JPY 72,700 million, operating income of JPY 19,000 million, profit attributable to owners of parent of JPY 13,200 million and net income per share of JPY 154.56. Reported Earnings • Dec 28
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥146 (up from JP¥99.23 in FY 2022). Revenue: JP¥71.1b (up 20% from FY 2022). Net income: JP¥12.5b (up 47% from FY 2022). Profit margin: 18% (up from 14% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Announcement • Dec 03
Financial Products Group Co., Ltd. to Report Q1, 2024 Results on Jan 31, 2024 Financial Products Group Co., Ltd. announced that they will report Q1, 2024 results on Jan 31, 2024 Major Estimate Revision • Nov 18
Consensus revenue estimates increase by 16% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥64.8b to JP¥75.0b. EPS estimate increased from JP¥150 to JP¥163 per share. Net income forecast to grow 12% next year vs 25% growth forecast for Diversified Financial industry in Japan. Consensus price target up from JP¥1,500 to JP¥1,800. Share price was steady at JP¥1,471 over the past week. Reported Earnings • Nov 02
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥146 (up from JP¥99.23 in FY 2022). Revenue: JP¥71.1b (up 20% from FY 2022). Net income: JP¥12.5b (up 47% from FY 2022). Profit margin: 18% (up from 14% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is expected to decline by 1.3% p.a. on average during the next 2 years, while revenues in the Diversified Financial industry in Japan are expected to grow by 6.3%. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Announcement • Oct 31
Financial Products Group Co., Ltd., Annual General Meeting, Dec 22, 2023 Financial Products Group Co., Ltd., Annual General Meeting, Dec 22, 2023. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,216, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Diversified Financial industry in Japan. Total returns to shareholders of 141% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥970 per share. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥65.60 per share at 4.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 23 December 2023. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.9%). Announcement • Sep 03
Financial Products Group Co., Ltd. to Report Fiscal Year 2023 Results on Oct 31, 2023 Financial Products Group Co., Ltd. announced that they will report fiscal year 2023 results on Oct 31, 2023 Reported Earnings • Aug 01
Third quarter 2023 earnings released: EPS: JP¥35.89 (vs JP¥32.91 in 3Q 2022) Third quarter 2023 results: EPS: JP¥35.89 (up from JP¥32.91 in 3Q 2022). Revenue: JP¥15.7b (down 4.1% from 3Q 2022). Net income: JP¥3.07b (up 9.0% from 3Q 2022). Profit margin: 20% (up from 17% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Announcement • Jun 02
Financial Products Group Co., Ltd. to Report Q3, 2023 Results on Jul 31, 2023 Financial Products Group Co., Ltd. announced that they will report Q3, 2023 results on Jul 31, 2023 Major Estimate Revision • May 19
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from JP¥114 to JP¥131. Revenue forecast steady at JP¥58.7b. Net income forecast to grow 1.7% next year vs 5.3% growth forecast for Diversified Financial industry in Japan. Consensus price target up from JP¥1,360 to JP¥1,500. Share price rose 4.7% to JP¥1,140 over the past week. Reported Earnings • Apr 29
Second quarter 2023 earnings released: EPS: JP¥34.91 (vs JP¥22.22 in 2Q 2022) Second quarter 2023 results: EPS: JP¥34.91 (up from JP¥22.22 in 2Q 2022). Revenue: JP¥14.9b (down 3.4% from 2Q 2022). Net income: JP¥2.98b (up 57% from 2Q 2022). Profit margin: 20% (up from 12% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Diversified Financial 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 only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
Financial Products Group Co., Ltd. Provides Consolidated Earnings Guidance for the First Half and Fiscal Year Ending September 30, 2023 Financial Products Group Co., Ltd. provided consolidated earnings guidance for the first half and fiscal year ending September 30, 2023. For the first half, the company expected net sales of JPY 32,250 million, operating income of JPY 6,960 million, profit attributable to owners of parent of JPY 4,855 million and net income per share of JPY 56.85.For the fiscal year, the company expected net sales of JPY 64,500 million, operating income of JPY 13,600 million, profit attributable to owners of parent of JPY 9,500 million and net income per share of JPY 111.24. Announcement • Feb 01
Financial Products Group Co., Ltd. Provides Year-End Dividend Guidance for the Year Fiscal Year Ending September 30, 2023 Financial Products Group Co., Ltd. provided year-end dividend guidance of JPY 56 per share for the year fiscal year ending September 30, 2023. Reported Earnings • Feb 01
First quarter 2023 earnings released: EPS: JP¥53.39 (vs JP¥29.49 in 1Q 2022) First quarter 2023 results: EPS: JP¥53.39 (up from JP¥29.49 in 1Q 2022). Revenue: JP¥17.4b (up 11% from 1Q 2022). Net income: JP¥4.56b (up 81% from 1Q 2022). Profit margin: 26% (up from 16% in 1Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 28
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥99.23 (up from JP¥34.50 in FY 2021). Revenue: JP¥59.2b (up 297% from FY 2021). Net income: JP¥8.48b (up 188% from FY 2021). Profit margin: 14% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Dec 04
Financial Products Group Co., Ltd. to Report Q1, 2023 Results on Jan 31, 2023 Financial Products Group Co., Ltd. announced that they will report Q1, 2023 results on Jan 31, 2023 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. 3 non-independent directors. Independent Director Eiji Sakomoto was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥99.23 (up from JP¥34.50 in FY 2021). Revenue: JP¥59.2b (up 297% from FY 2021). Net income: JP¥8.48b (up 188% from FY 2021). Profit margin: 14% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Diversified Financial industry in Japan. 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 3% per year, which means it has not declined as severely as earnings.