New Risk • Mar 13
New major risk - Revenue and earnings growth Earnings have declined by 1.7% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 1.7% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (JP¥6.56b market cap, or US$41.1m). Reported Earnings • Mar 13
Full year 2026 earnings released: EPS: JP¥12.53 (vs JP¥59.73 in FY 2025) Full year 2026 results: EPS: JP¥12.53 (down from JP¥59.73 in FY 2025). Revenue: JP¥12.8b (up 4.9% from FY 2025). Net income: JP¥123.0m (down 80% from FY 2025). Profit margin: 1.0% (down from 5.0% in FY 2025). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Mar 12
Casa Inc., Annual General Meeting, Apr 24, 2026 Casa Inc., Annual General Meeting, Apr 24, 2026. Buy Or Sell Opportunity • Feb 27
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.8% to JP¥729. The fair value is estimated to be JP¥604, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Jan 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 January 2026. Payment date: 28 April 2026. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (3.2%). Reported Earnings • Dec 13
Third quarter 2026 earnings released: JP¥7.17 loss per share (vs JP¥11.35 profit in 3Q 2025) Third quarter 2026 results: JP¥7.17 loss per share (down from JP¥11.35 profit in 3Q 2025). Revenue: JP¥3.20b (up 4.9% from 3Q 2025). Net loss: JP¥71.0m (down 162% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Oct 29
Casa Inc. (TSE:7196) announces an Equity Buyback for 550,000 shares, representing 5.74% for ¥394.9 million. Casa Inc. (TSE:7196) announces a share repurchase program. Under the program, the company will repurchase up to 550,000 shares, representing 5.74% of its issued share capital (excluding treasury stock), for ¥394.9 million. The shares will be repurchased at ¥718 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of September 30, 2025, the company had 9,582,248 shares in issue (excluding treasury stock) and 1,940,252 shares in treasury. Announcement • Oct 24
Casa Inc. to Report Q3, 2026 Results on Dec 10, 2025 Casa Inc. announced that they will report Q3, 2026 results on Dec 10, 2025 Announcement • Sep 24
Casa Inc. (TSE:7196) announces an Equity Buyback for 620,000 shares, representing 5.38% for ¥478.02 million. Casa Inc. (TSE:7196) announces a share repurchase program. Under the program, the company will repurchase up to 620,000 shares, representing 5.38% of its issued share capital (excluding treasury stock), for ¥478.02 million. The shares will be repurchased at ¥771 per share. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. As of July 31, 2025, the company had 11,522,500 shares in issue (excluding treasury stock) and 1,330,152 shares in treasury. Declared Dividend • Sep 12
Dividend of JP¥15.00 announced Shareholders will receive a dividend of JP¥15.00. Ex-date: 29th January 2026 Payment date: 28th April 2026 Dividend yield will be 1.9%, which is lower than the industry average of 3.1%. Sustainability & Growth Dividend is covered by earnings (28% 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 3.5% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Sep 12
Second quarter 2026 earnings released: JP¥1.48 loss per share (vs JP¥24.16 loss in 2Q 2025) Second quarter 2026 results: JP¥1.48 loss per share (improved from JP¥24.16 loss in 2Q 2025). Revenue: JP¥3.19b (up 6.0% from 2Q 2025). Net loss: JP¥15.0m (loss narrowed 94% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jul 25
Casa Inc. to Report Q2, 2026 Results on Sep 10, 2025 Casa Inc. announced that they will report Q2, 2026 results on Sep 10, 2025 Reported Earnings • Jun 12
First quarter 2026 earnings released: EPS: JP¥8.68 (vs JP¥23.47 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥8.68 (up from JP¥23.47 loss in 1Q 2025). Revenue: JP¥3.15b (up 5.3% from 1Q 2025). Net income: JP¥88.0m (up JP¥324.0m from 1Q 2025). Profit margin: 2.8% (up from net loss in 1Q 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • May 02
Full year 2025 earnings released: EPS: JP¥59.73 (vs JP¥60.33 in FY 2024) Full year 2025 results: EPS: JP¥59.73 (down from JP¥60.33 in FY 2024). Revenue: JP¥12.2b (up 8.3% from FY 2024). Net income: JP¥602.0m (flat on FY 2024). Profit margin: 5.0% (down from 5.4% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Mar 29
Casa Inc. to Report Q1, 2026 Results on Jun 11, 2025 Casa Inc. announced that they will report Q1, 2026 results on Jun 11, 2025 Announcement • Mar 28
Casa Inc. Announces Cash Dividend for the Year Ended January 31, 2025, Payable on April 28, 2025 Casa Inc. announced cash dividend of JPY 30.00 per share for the year ended January 31, 2025, as compared to 32.00 per share paid a year ago. Payable date is April 28, 2025. New Risk • Mar 14
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 27% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (JP¥8.12b market cap, or US$55.0m). Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: JP¥59.73 (vs JP¥60.33 in FY 2024) Full year 2025 results: EPS: JP¥59.73 (down from JP¥60.33 in FY 2024). Revenue: JP¥12.2b (up 8.3% from FY 2024). Net income: JP¥602.0m (flat on FY 2024). Profit margin: 5.0% (down from 5.4% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Mar 12
Casa Inc., Annual General Meeting, Apr 25, 2025 Casa Inc., Annual General Meeting, Apr 25, 2025. Announcement • Feb 28
Masahito Kimata agreed to acquire remaining 50.50% stake in Gold Key Co.,Ltd from Casa Inc. (TSE:7196). Masahito Kimata agreed to acquire remaining 50.50% stake in Gold Key Co.,Ltd from Casa Inc. (TSE:7196) on February 27, 2025. A cash consideration of ¥0.11 million will be paid by the buyer. As part of consideration, ¥0.11 million is paid towards common equity of Gold Key Co.,Ltd.
The expected completion of the transaction is March 31, 2025. Announcement • Jan 24
Casa Inc. to Report Fiscal Year 2025 Results on Mar 12, 2025 Casa Inc. announced that they will report fiscal year 2025 results on Mar 12, 2025 Upcoming Dividend • Jan 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 January 2025. Payment date: 30 April 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.2%). Reported Earnings • Dec 13
Third quarter 2025 earnings released: EPS: JP¥11.35 (vs JP¥29.87 in 3Q 2024) Third quarter 2025 results: EPS: JP¥11.35 (down from JP¥29.87 in 3Q 2024). Revenue: JP¥3.05b (up 7.4% from 3Q 2024). Net income: JP¥115.0m (down 62% from 3Q 2024). Profit margin: 3.8% (down from 11% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 45% 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. Buy Or Sell Opportunity • Nov 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.5% to JP¥849. The fair value is estimated to be JP¥703, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has declined by 35%. Announcement • Oct 24
Casa Inc. to Report Q3, 2025 Results on Dec 12, 2024 Casa Inc. announced that they will report Q3, 2025 results on Dec 12, 2024 Buy Or Sell Opportunity • Oct 18
Now 20% overvalued Over the last 90 days, the stock has fallen 8.5% to JP¥856. The fair value is estimated to be JP¥713, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has declined by 35%. Buy Or Sell Opportunity • Sep 26
Now 20% overvalued Over the last 90 days, the stock has fallen 7.9% to JP¥842. The fair value is estimated to be JP¥701, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has declined by 35%. Reported Earnings • Sep 14
Second quarter 2025 earnings released: JP¥24.16 loss per share (vs JP¥13.49 profit in 2Q 2024) Second quarter 2025 results: JP¥24.16 loss per share (down from JP¥13.49 profit in 2Q 2024). Revenue: JP¥3.01b (up 7.7% from 2Q 2024). Net loss: JP¥243.0m (down 280% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥750, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 11x in the Diversified Financial industry in Japan. Total loss to shareholders of 7.8% over the past three years. Buy Or Sell Opportunity • Aug 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to JP¥750. The fair value is estimated to be JP¥949, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has declined by 31%. Announcement • Jul 18
Casa Inc. to Report Q2, 2025 Results on Sep 12, 2024 Casa Inc. announced that they will report Q2, 2025 results on Sep 12, 2024 Reported Earnings • Jun 16
First quarter 2025 earnings released: JP¥23.47 loss per share (vs JP¥10.69 loss in 1Q 2024) First quarter 2025 results: JP¥23.47 loss per share (further deteriorated from JP¥10.69 loss in 1Q 2024). Revenue: JP¥3.00b (up 9.9% from 1Q 2024). Net loss: JP¥236.0m (loss widened 121% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% 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. Reported Earnings • May 04
Full year 2024 earnings released: EPS: JP¥60.33 (vs JP¥25.54 in FY 2023) Full year 2024 results: EPS: JP¥60.33 (up from JP¥25.54 in FY 2023). Revenue: JP¥11.2b (up 9.1% from FY 2023). Net income: JP¥605.0m (up 138% from FY 2023). Profit margin: 5.4% (up from 2.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Apr 29
Casa Inc. to Report Q1, 2025 Results on Jun 05, 2024 Casa Inc. announced that they will report Q1, 2025 results on Jun 05, 2024 Buy Or Sell Opportunity • Apr 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.2% to JP¥815. The fair value is estimated to be JP¥1,019, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 35%. Buy Or Sell Opportunity • Mar 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.5% to JP¥807. The fair value is estimated to be JP¥1,011, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 35%. Announcement • Mar 08
Casa Inc., Annual General Meeting, Apr 26, 2024 Casa Inc., Annual General Meeting, Apr 26, 2024. Reported Earnings • Mar 08
Full year 2024 earnings released: EPS: JP¥60.33 (vs JP¥25.54 in FY 2023) Full year 2024 results: EPS: JP¥60.33 (up from JP¥25.54 in FY 2023). Revenue: JP¥11.2b (up 9.1% from FY 2023). Net income: JP¥605.0m (up 138% from FY 2023). Profit margin: 5.4% (up from 2.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 35% 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. Buy Or Sell Opportunity • Feb 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.4% to JP¥810. The fair value is estimated to be JP¥1,013, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 44%. Announcement • Jan 27
Casa Inc. to Report Fiscal Year 2024 Results on Mar 06, 2024 Casa Inc. announced that they will report fiscal year 2024 results on Mar 06, 2024 Upcoming Dividend • Jan 23
Upcoming dividend of JP¥30.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 30 January 2024. Payment date: 30 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (3.1%). New Risk • Jan 16
New major risk - Revenue and earnings growth Earnings have declined by 38% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 38% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (114% payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥8.98b market cap, or US$61.3m). Reported Earnings • Dec 08
Third quarter 2024 earnings released: EPS: JP¥29.87 (vs JP¥22.18 in 3Q 2023) Third quarter 2024 results: EPS: JP¥29.87 (up from JP¥22.18 in 3Q 2023). Revenue: JP¥2.84b (up 10% from 3Q 2023). Net income: JP¥300.0m (up 36% from 3Q 2023). Profit margin: 11% (up from 8.5% in 3Q 2023). 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 Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has fallen by 44% 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 • Oct 29
Casa Inc. to Report Q3, 2024 Results on Dec 07, 2023 Casa Inc. announced that they will report Q3, 2024 results on Dec 07, 2023 Reported Earnings • Sep 08
Second quarter 2024 earnings released: EPS: JP¥13.49 (vs JP¥7.55 in 2Q 2023) Second quarter 2024 results: EPS: JP¥13.49 (up from JP¥7.55 in 2Q 2023). Revenue: JP¥2.79b (up 9.7% from 2Q 2023). Net income: JP¥135.0m (up 80% from 2Q 2023). Profit margin: 4.8% (up from 2.9% in 2Q 2023). Revenue is forecast to grow 7.0% 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 fallen by 40% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Buying Opportunity • Aug 14
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,075, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 37%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 326% in the next 2 years. Announcement • Jul 29
Casa Inc. to Report Q2, 2024 Results on Sep 07, 2023 Casa Inc. announced that they will report Q2, 2024 results on Sep 07, 2023 Reported Earnings • Jun 09
First quarter 2024 earnings released: JP¥10.69 loss per share (vs JP¥2.40 profit in 1Q 2023) First quarter 2024 results: JP¥10.69 loss per share (down from JP¥2.40 profit in 1Q 2023). Revenue: JP¥2.72b (up 6.6% from 1Q 2023). Net loss: JP¥107.0m (down JP¥131.0m from profit in 1Q 2023). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • May 03
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥25.54 (down from JP¥64.85 in FY 2022). Revenue: JP¥10.3b (flat on FY 2022). Net income: JP¥254.0m (down 61% from FY 2022). Profit margin: 2.5% (down from 6.3% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 49%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 10
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥25.54 (down from JP¥64.85 in FY 2022). Revenue: JP¥10.3b (flat on FY 2022). Net income: JP¥254.0m (down 61% from FY 2022). Profit margin: 2.5% (down from 6.3% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 49%. Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Jan 25
Casa Inc. to Report Fiscal Year 2023 Results on Mar 09, 2023 Casa Inc. announced that they will report fiscal year 2023 results on Mar 09, 2023 Upcoming Dividend • Jan 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 January 2023. Payment date: 28 April 2023. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (3.5%). Reported Earnings • Dec 11
Third quarter 2023 earnings released: EPS: JP¥22.18 (vs JP¥29.31 in 3Q 2022) Third quarter 2023 results: EPS: JP¥22.18 (down from JP¥29.31 in 3Q 2022). Revenue: JP¥2.58b (flat on 3Q 2022). Net income: JP¥220.0m (down 24% from 3Q 2022). Profit margin: 8.5% (down from 11% in 3Q 2022). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Diversified Financial industry in Japan. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. 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. 4 non-independent directors. Executive Officer, GM of Customer Management Department & Director Ichiro Kashima was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 27
Casa Inc. to Report Q3, 2023 Results on Dec 08, 2022 Casa Inc. announced that they will report Q3, 2023 results on Dec 08, 2022 Reported Earnings • Sep 10
Second quarter 2023 earnings released: EPS: JP¥7.55 (vs JP¥26.19 in 2Q 2022) Second quarter 2023 results: EPS: JP¥7.55 (down from JP¥26.19 in 2Q 2022). Revenue: JP¥2.55b (down 3.0% from 2Q 2022). Net income: JP¥75.0m (down 71% from 2Q 2022). Profit margin: 2.9% (down from 9.9% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Diversified Financial industry in Japan. Announcement • Jul 24
Casa Inc. to Report Q2, 2023 Results on Sep 08, 2022 Casa Inc. announced that they will report Q2, 2023 results on Sep 08, 2022 Reported Earnings • Jun 11
First quarter 2023 earnings released: EPS: JP¥2.40 (vs JP¥9.33 in 1Q 2022) First quarter 2023 results: EPS: JP¥2.40 (down from JP¥9.33 in 1Q 2022). Revenue: JP¥2.56b (down 3.8% from 1Q 2022). Net income: JP¥24.0m (down 75% from 1Q 2022). Profit margin: 0.9% (down from 3.5% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 1.8%, compared to a 6.6% growth forecast for the industry in Japan. 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. 9 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . 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 24
Casa Inc. to Report Q1, 2023 Results on Jun 09, 2022 Casa Inc. announced that they will report Q1, 2023 results on Jun 09, 2022 Reported Earnings • Mar 12
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥64.85 (up from JP¥60.36 in FY 2021). Revenue: JP¥10.3b (up 1.1% from FY 2021). Net income: JP¥647.0m (up 5.9% from FY 2021). Profit margin: 6.3% (up from 6.0% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.9%. Over the next year, revenue is forecast to grow 3.5%, compared to a 7.2% growth forecast for the industry in Japan. Upcoming Dividend • Jan 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 January 2022. Payment date: 23 April 2022. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (3.1%). Reported Earnings • Dec 10
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: JP¥29.31 (down from JP¥32.67 in 3Q 2021). Revenue: JP¥2.55b (down 1.3% from 3Q 2021). Net income: JP¥291.0m (down 12% from 3Q 2021). Profit margin: 11% (down from 13% in 3Q 2021). Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) also missed analyst estimates by 32%. Earnings per share (EPS) missed analyst estimates by 32%. Over the next year, revenue is forecast to grow 1.6%, compared to a 8.2% growth forecast for the industry in Japan. Announcement • Dec 09
Casa Inc. Provides Consolidated Earnings Guidance for the Year Ending January 31, 2022 Casa Inc. provided consolidated earnings guidance for the year ending January 31, 2022. For the year, the company expects net sales of JPY 10,379 million, operating profit of JPY 1,038 million, profit attributable to owners of parent of JPY 658 million and earnings per share of JPY 66.12. Announcement • Sep 15
Casa Inc. Provides Consolidated Earnings Guidance for the Six Months Ended July 31, 2021 Casa Inc. provided consolidated earnings guidance for the six months ended July 31, 2021. For the six months, the company expects net sales were JPY 5,283 million as compared to JPY 5,140 million a year ago. Operating profit were JPY 532 million as compared to JPY 399 million a year ago. Profit attributable to owners of parent were JPY 354 million as compared to JPY 235 million a year ago. Earnings per share were JPY 35.41 as compared to JPY 23.24 a year ago. Reported Earnings • Sep 08
Second quarter 2022 earnings released: EPS JP¥26.19 (vs JP¥29.77 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥2.63b (up 4.2% from 2Q 2021). Net income: JP¥260.0m (down 14% from 2Q 2021). Profit margin: 9.9% (down from 12% in 2Q 2021). The decrease in margin was driven by higher expenses. Announcement • Sep 01
Casa Inc. (TSE:7196) entered into an agreement to acquire Along with Inc. from Koji Hiyama. Casa Inc. (TSE:7196) entered into an agreement to acquire Along with Inc. from Koji Hiyama on August 31, 2021. The transaction is expected to close on September 1, 2021. Announcement • Jun 15
Casa Inc. Announces Consolidated Earnings Guidance for the Six Months Ending July 31, 2021 and Full year Ending January 31, 2022 Casa Inc. announced consolidated earnings guidance for the six months ending July 31, 2021 and full year ending January 31, 2022. For the six months, the company expects Net sales of JPY 5,140 million, Operating profit of JPY 399 million, Ordinary profit of JPY 408 million, Profit attributable to owners of parent of JPY 235 million and EPS of JPY 23.24.
For the year, the company expects Net sales of JPY 10,323 million, Operating profit of JPY 832 million, Ordinary profit of JPY 850 million, Profit attributable to owners of parent of JPY 489 million and EPS of JPY 48.32. Reported Earnings • Jun 11
First quarter 2022 earnings released: EPS JP¥9.33 (vs JP¥14.17 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥2.66b (up 10% from 1Q 2021). Net income: JP¥94.0m (down 35% from 1Q 2021). Profit margin: 3.5% (down from 6.0% in 1Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS JP¥60.36 (vs JP¥90.47 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥10.2b (up 8.4% from FY 2020). Net income: JP¥611.0m (down 34% from FY 2020). Profit margin: 6.0% (down from 9.8% in FY 2020). The decrease in margin was driven by higher expenses. Announcement • Mar 14
Casa Inc. Provides Dividend Guidance for the Year Ending January 31, 2022 Casa Inc. provided dividend guidance for the year ending January 31, 2022. The company expects year-end dividend of JPY 30 per share. Reported Earnings • Mar 12
Full year 2021 earnings released: EPS JP¥60.36 (vs JP¥90.47 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥10.2b (up 8.4% from FY 2020). Net income: JP¥611.0m (down 34% from FY 2020). Profit margin: 6.0% (down from 9.8% in FY 2020). The decrease in margin was driven by higher expenses. Analyst Estimate Surprise Post Earnings • Mar 12
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 0.3%. Earnings per share (EPS) missed analyst estimates by 32%. Over the next year, revenue is forecast to grow 5.6%, compared to a 4.3% growth forecast for the Diversified Financial industry in Japan. Announcement • Jan 24
Casa Inc. to Report Fiscal Year 2021 Results on Mar 11, 2021 Casa Inc. announced that they will report fiscal year 2021 results on Mar 11, 2021 Upcoming Dividend • Jan 21
Upcoming Dividend of JP¥30.00 Per Share Will be paid on the 24th of April to those who are registered shareholders by the 28th of January. The trailing yield of 3.0% is in the top quartile of Japanese dividend payers (3.0%), and it is in line with industry peers (3.2%). Is New 90 Day High Low • Jan 13
New 90-day low: JP¥1,014 The company is down 20% from its price of JP¥1,264 on 15 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Diversified Financial industry, which is up 21% over the same period. Analyst Estimate Surprise Post Earnings • Dec 09
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 0.04%. Earnings per share (EPS) exceeded analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 7.0% while the growth in Diversified Financial industry in Japan is expected to stay flat. Announcement • Sep 26
Casa Inc. Forms A Business Partnership with the Kyoto University Casa Inc. have formed a business partnership with the national university corporation Kyoto University (hereinafter referred to as "Kyoto University") regarding the provision of rent guarantee services. company provide services as a joint guarantor for foreign researchers and international students enrolled in Kyoto University when renting housing. company will actively support international students and foreign researchers who have been forced to postpone admission from spring to autumn due to the influence of the COVID-19. Announcement • Sep 18
Casa Signs Agreement with Izumiotsu City and Launches Rent Guarantee Service for Municipal Housing Casa have entered into an agreement with Izumiotsu City, Osaka Prefecture (hereinafter referred to as Izumiotsu City) regarding the use of Rent Guarantee services in municipal housing managed by Izumiotsu City. The purpose of this agreement is to promote the occupancy of municipal housing and contribute to the stability of the living life of Izumiotsu citizens by providing its Rent Guarantee service to those who have difficulty in finding a joint guarantor. Announcement • Aug 27
Japan Best Rescue System Co.,Ltd. (TSE:2453) cancelled the acquisition of 9.5% stake in Casa Inc. (TSE:7196) from Ant Catalyzer No. 4 managed by Ant Capital Partners Co., Ltd. Japan Best Rescue System Co.,Ltd. (TSE:2453) agreed to acquire 9.5% stake in Casa Inc. (TSE:7196) from Ant Catalyzer No. 4 managed by Ant Capital Partners Co., Ltd. for ¥1.2 billion on August 23, 2019. Japan Best Rescue System Co.,Ltd. will acquire 0.96 million shares at a price of ¥1,245 per share.
Japan Best Rescue System Co.,Ltd. (TSE:2453) cancelled the acquisition of 9.5% stake in Casa Inc. (TSE:7196) from Ant Catalyzer No. 4 managed by Ant Capital Partners Co., Ltd. on August 23, 2020. 
