Announcement • Jul 07
Value HR Co.,Ltd. to Report Q2, 2026 Results on Aug 13, 2026 Value HR Co.,Ltd. announced that they will report Q2, 2026 results on Aug 13, 2026 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥14.50 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 18 August 2026. The company is paying out more than 100% of its profits and is paying out 98% of its cash flow. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.9%). Lower than average of industry peers (3.1%). Reported Earnings • May 19
First quarter 2026 earnings released: EPS: JP¥4.87 (vs JP¥6.02 in 1Q 2025) First quarter 2026 results: EPS: JP¥4.87 (down from JP¥6.02 in 1Q 2025). Revenue: JP¥2.56b (up 13% from 1Q 2025). Net income: JP¥130.0m (down 19% from 1Q 2025). Profit margin: 5.1% (down from 7.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 11
Final dividend of JP¥13.50 announced Shareholders will receive a dividend of JP¥13.50. Ex-date: 29th June 2026 Payment date: 18th August 2026 Dividend yield will be 1.8%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is not covered by earnings (110% earnings payout ratio) nor is it adequately covered by cash flows (95% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 23% to bring the payout ratio under control, which is more than the 4.0% EPS growth achieved over the last 5 years. Reported Earnings • Mar 30
Full year 2025 earnings released: EPS: JP¥23.55 (vs JP¥29.60 in FY 2024) Full year 2025 results: EPS: JP¥23.55 (down from JP¥29.60 in FY 2024). Revenue: JP¥10.1b (up 20% from FY 2024). Net income: JP¥629.0m (down 21% from FY 2024). Profit margin: 6.2% (down from 9.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% 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. Reported Earnings • Feb 14
Full year 2025 earnings released: EPS: JP¥23.55 (vs JP¥29.60 in FY 2024) Full year 2025 results: EPS: JP¥23.55 (down from JP¥29.60 in FY 2024). Revenue: JP¥10.1b (up 20% from FY 2024). Net income: JP¥629.0m (down 21% from FY 2024). Profit margin: 6.2% (down from 9.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% 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. Board Change • Feb 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. Independent Outside Director Akiko Yanagisawa was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 12
Value HR Co.,Ltd., Annual General Meeting, Mar 26, 2026 Value HR Co.,Ltd., Annual General Meeting, Mar 26, 2026. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: JP¥3.15 (vs JP¥6.22 in 3Q 2024) Third quarter 2025 results: EPS: JP¥3.15 (down from JP¥6.22 in 3Q 2024). Revenue: JP¥2.50b (up 18% from 3Q 2024). Net income: JP¥84.0m (down 49% from 3Q 2024). Profit margin: 3.4% (down from 7.8% in 3Q 2024). The decrease in margin was driven by higher expenses. 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 7% per year, which means it is well ahead of earnings. Announcement • Nov 13
Value HR Co.,Ltd. (TSE:6078) announces an Equity Buyback for 700,000 shares, representing 2.62% for ¥1,000 million. Value HR Co.,Ltd. (TSE:6078) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 2.62% of its total shares outstanding (excluding treasury shares), for a total of ¥1,000 million. The purpose of repurchase program is increasing shareholder value as an important management priority. The repurchase program is valid till March 31, 2026. As of November 13, 2025, the company has 26,707,444 shares outstanding (excluding treasury shares) and has 686,756 shares in treasury. Announcement • Nov 01
Value HR Co.,Ltd. to Report Q3, 2025 Results on Nov 13, 2025 Value HR Co.,Ltd. announced that they will report Q3, 2025 results on Nov 13, 2025 Declared Dividend • Aug 19
First half dividend of JP¥13.00 announced Shareholders will receive a dividend of JP¥13.00. Ex-date: 29th December 2025 Payment date: 12th March 2026 Dividend yield will be 1.6%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but not covered by cash flows (101% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. Reported Earnings • Aug 16
Second quarter 2025 earnings released: JP¥0.71 loss per share (vs JP¥5.79 profit in 2Q 2024) Second quarter 2025 results: JP¥0.71 loss per share (down from JP¥5.79 profit in 2Q 2024). Revenue: JP¥2.46b (up 21% from 2Q 2024). Net loss: JP¥19.1m (down 112% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Jul 02
Value HR Co.,Ltd. to Report Q2, 2025 Results on Aug 14, 2025 Value HR Co.,Ltd. announced that they will report Q2, 2025 results on Aug 14, 2025 Upcoming Dividend • Jun 20
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 19 August 2025. Payout ratio is on the higher end at 84%, however this is supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (2.8%). Reported Earnings • May 21
First quarter 2025 earnings released: EPS: JP¥6.00 (vs JP¥5.98 in 1Q 2024) First quarter 2025 results: EPS: JP¥6.00 (up from JP¥5.98 in 1Q 2024). Revenue: JP¥2.27b (up 18% from 1Q 2024). Net income: JP¥160.0m (up 1.3% from 1Q 2024). Profit margin: 7.0% (down from 8.2% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Declared Dividend • Apr 11
Final dividend of JP¥13.00 announced Shareholders will receive a dividend of JP¥13.00. Ex-date: 27th June 2025 Payment date: 19th August 2025 Dividend yield will be 1.7%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 4.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 27
Value HR Co.,Ltd. to Report Q1, 2025 Results on May 15, 2025 Value HR Co.,Ltd. announced that they will report Q1, 2025 results on May 15, 2025 New Risk • Feb 20
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: 1.8% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (9.4% net profit margin). Reported Earnings • Feb 15
Full year 2024 earnings released: EPS: JP¥29.60 (vs JP¥37.01 in FY 2023) Full year 2024 results: EPS: JP¥29.60 (down from JP¥37.01 in FY 2023). Revenue: JP¥8.38b (up 18% from FY 2023). Net income: JP¥791.0m (down 19% from FY 2023). Profit margin: 9.4% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 7% per year. Announcement • Feb 13
Value HR Co.,Ltd., Annual General Meeting, Mar 26, 2025 Value HR Co.,Ltd., Annual General Meeting, Mar 26, 2025. New Risk • Jan 23
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 5.0% 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: Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Profit margins are more than 30% lower than last year (9.7% net profit margin). Announcement • Jan 03
Value HR Co.,Ltd. to Report Fiscal Year 2024 Results on Feb 13, 2025 Value HR Co.,Ltd. announced that they will report fiscal year 2024 results on Feb 13, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 13 March 2025. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.7%). New Risk • Nov 24
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 9.7% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (9.7% net profit margin). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Declared Dividend • Nov 21
First half dividend of JP¥13.00 announced Shareholders will receive a dividend of JP¥13.00. Ex-date: 27th December 2024 Payment date: 13th March 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (71% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Oct 04
Value HR Co.,Ltd. to Report Q3, 2024 Results on Nov 14, 2024 Value HR Co.,Ltd. announced that they will report Q3, 2024 results on Nov 14, 2024 Reported Earnings • Aug 20
Second quarter 2024 earnings released: EPS: JP¥5.79 (vs JP¥6.14 in 2Q 2023) Second quarter 2024 results: EPS: JP¥5.79 (down from JP¥6.14 in 2Q 2023). Revenue: JP¥2.03b (up 21% from 2Q 2023). Net income: JP¥157.0m (down 2.5% from 2Q 2023). Profit margin: 7.7% (down from 9.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 04
Value HR Co.,Ltd. to Report Q2, 2024 Results on Aug 14, 2024 Value HR Co.,Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024 New Risk • Jul 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 21 August 2024. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.4%). New Risk • May 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Reported Earnings • May 18
First quarter 2024 earnings released: EPS: JP¥5.98 (vs JP¥8.79 in 1Q 2023) First quarter 2024 results: EPS: JP¥5.98 (down from JP¥8.79 in 1Q 2023). Revenue: JP¥1.93b (up 13% from 1Q 2023). Net income: JP¥158.0m (down 32% from 1Q 2023). Profit margin: 8.2% (down from 14% in 1Q 2023). The decrease in margin was driven by higher expenses. 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 18% per year. Announcement • May 16
Value HR Co.,Ltd. (TSE:6078) announces an Equity Buyback for 700,000 shares, representing 2.56% for ¥1,000 million. Value HR Co.,Ltd. (TSE:6078) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 2.56% of its total shares outstanding (excluding treasury shares), for a total of ¥1,000 million. The purpose of repurchase program is to improving profits and returning profits to our shareholders. The repurchase program is valid till December 31, 2024. As of May 15, 2024, the company has 27,385,200shares outstanding (excluding treasury shares) and has 91,010 shares in treasury. Announcement • Apr 08
Value HR Co.,Ltd. announced that it has received ¥1.1186483 billion in funding from Nippon Life Insurance Company On April 8, 2024, Value HR Co.,Ltd., closed the transaction. The company issued 776,300 shares at a price of ¥1, 441 per share for the gross proceeds of ¥1,118,648,300. The transaction included participation from new investor, Nippon Life Insurance Company. Announcement • Apr 03
Value HR Co.,Ltd. to Report Q1, 2024 Results on May 15, 2024 Value HR Co.,Ltd. announced that they will report Q1, 2024 results on May 15, 2024 Announcement • Mar 13
Value HR Co.,Ltd. announced that it expects to receive ¥1.118 billion in funding Value HR Co.,Ltd. announced a private placement for the gross proceeds of ¥1,118,000,000 on March 13, 2024. As a part of the transaction, the company paid ¥1 million as issuance fee. The transaction has been approved by the shareholders of the company at the board of directors meeting. Reported Earnings • Feb 17
Full year 2023 earnings released: EPS: JP¥37.01 (vs JP¥33.56 in FY 2022) Full year 2023 results: EPS: JP¥37.01 (up from JP¥33.56 in FY 2022). Revenue: JP¥7.10b (up 15% from FY 2022). Net income: JP¥970.0m (up 10% from FY 2022). Profit margin: 14% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Feb 16
Value HR Co.,Ltd., Annual General Meeting, Mar 27, 2024 Value HR Co.,Ltd., Annual General Meeting, Mar 27, 2024. Announcement • Jan 09
Value HR Co.,Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024 Value HR Co.,Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥12.00 per share at 1.4% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 14 March 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.2%). New Risk • Dec 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. This is currently the only risk that has been identified for the company. Announcement • Nov 21
Value HR Co.,Ltd. (TSE:6078) announces an Equity Buyback for 600,000 shares, representing 2.29% for ¥800 million. Value HR Co.,Ltd. (TSE:6078) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 2.29% of its total shares outstanding (excluding treasury shares), for a total of ¥800 million. The purpose of repurchase program is to improving profits and returning profits to our shareholders. The repurchase program is valid till March 31, 2024. As of November 20, 2023, the company has 26,229,390 shares outstanding (excluding treasury shares) and has 451,810 shares in treasury. Reported Earnings • Nov 18
Third quarter 2023 earnings released: EPS: JP¥10.57 (vs JP¥7.54 in 3Q 2022) Third quarter 2023 results: EPS: JP¥10.57 (up from JP¥7.54 in 3Q 2022). Revenue: JP¥1.76b (up 16% from 3Q 2022). Net income: JP¥276.0m (up 39% from 3Q 2022). Profit margin: 16% (up from 13% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 19% per year. Announcement • Sep 29
Value HR Co.,Ltd. to Report Q3, 2023 Results on Nov 14, 2023 Value HR Co.,Ltd. announced that they will report Q3, 2023 results on Nov 14, 2023 New Risk • Aug 22
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: 1.8% 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: Minor Risks High level of debt (53% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: JP¥6.14 (vs JP¥6.74 in 2Q 2022) Second quarter 2023 results: EPS: JP¥6.14 (down from JP¥6.74 in 2Q 2022). Revenue: JP¥1.68b (up 14% from 2Q 2022). Net income: JP¥161.0m (down 9.0% from 2Q 2022). Profit margin: 9.6% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 18% per year. Announcement • Jun 30
Value HR Co.,Ltd. to Report Q2, 2023 Results on Aug 14, 2023 Value HR Co.,Ltd. announced that they will report Q2, 2023 results on Aug 14, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥12.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 22 August 2023. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.1%). Announcement • May 27
Value HR Co.,Ltd. (TSE:6078) announces an Equity Buyback for 200,000 shares, representing 0.76% for ¥300 million. Value HR Co.,Ltd. (TSE:6078) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.76% of its total shares outstanding (excluding treasury shares), for a total of ¥300 million. The purpose of repurchase program is to enable the execution of a flexible capital policy in response to changes in the business environment, and to prepare for an increase in the number of people eligible for benefits from the stock benefit trust for employees introduced in June 2020. The repurchase program is valid till November 30, 2023. As of May 26, 2023, the company has 26,421,790 shares outstanding (excluding treasury shares) and has 251,810 shares in treasury. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: JP¥33.56 (vs JP¥27.62 in FY 2021) Full year 2022 results: EPS: JP¥33.56 (up from JP¥27.62 in FY 2021). Revenue: JP¥6.17b (up 12% from FY 2021). Net income: JP¥880.0m (up 33% from FY 2021). Profit margin: 14% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: JP¥33.56 (vs JP¥27.62 in FY 2021) Full year 2022 results: EPS: JP¥33.56 (up from JP¥27.62 in FY 2021). Revenue: JP¥6.17b (up 12% from FY 2021). Net income: JP¥880.0m (up 33% from FY 2021). Profit margin: 14% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 07
Value HR Co.,Ltd. to Report Q4, 2022 Results on Feb 14, 2023 Value HR Co.,Ltd. announced that they will report Q4, 2022 results on Feb 14, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥9.50 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 15 March 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.3%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥7.54 (vs JP¥8.07 in 3Q 2021) Third quarter 2022 results: EPS: JP¥7.54. Revenue: JP¥1.51b (up 11% from 3Q 2021). Net income: JP¥198.0m (up 2.6% from 3Q 2021). Profit margin: 13% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Outside Director Akinori Nakanishi was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Aug 31
Value HR Co.,Ltd. to Report Q3, 2022 Results on Nov 14, 2022 Value HR Co.,Ltd. announced that they will report Q3, 2022 results on Nov 14, 2022 Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: JP¥6.74 (vs JP¥3.94 in 2Q 2021) Second quarter 2022 results: EPS: JP¥6.74 (up from JP¥3.94 in 2Q 2021). Revenue: JP¥1.48b (up 13% from 2Q 2021). Net income: JP¥177.0m (up 88% from 2Q 2021). Profit margin: 12% (up from 7.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 29
Value HR Co.,Ltd. to Report Q2, 2022 Results on Aug 12, 2022 Value HR Co.,Ltd. announced that they will report Q2, 2022 results on Aug 12, 2022 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥8.50 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 23 August 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.3%). Announcement • May 24
Value HR Co.,Ltd. (TSE:6078) announces an Equity Buyback for 100,000 shares, representing 0.38% for ¥150 million. Value HR Co.,Ltd. (TSE:6078) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 0.38% of the outstanding shares for ¥150 million. The purpose of the program is to enable flexible capital policy implementation in response to changes in the business environment, and to prepare for the increase in the number of employees eligible for share benefit trusts for employees, which was introduced in June 2020. The program will run until September 30, 2022. As of May 23, 2022, the company had 26,575,200 shares outstanding and 292,272 shares in treasury. Reported Earnings • May 15
First quarter 2022 earnings released: EPS: JP¥15.62 (vs JP¥5.25 in 1Q 2021) First quarter 2022 results: EPS: JP¥15.62 (up from JP¥5.25 in 1Q 2021). Revenue: JP¥1.49b (up 13% from 1Q 2021). Net income: JP¥204.0m (up 63% from 1Q 2021). Profit margin: 14% (up from 9.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 19% per year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Outside Director Akinori Nakanishi was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 08
Value HR Co.,Ltd. to Report Q1, 2022 Results on May 12, 2022 Value HR Co.,Ltd. announced that they will report Q1, 2022 results on May 12, 2022 Announcement • Feb 17
Value HR Co.,Ltd., Annual General Meeting, Mar 29, 2022 Value HR Co.,Ltd., Annual General Meeting, Mar 29, 2022. Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥55.24 (up from JP¥38.80 in FY 2020). Revenue: JP¥5.53b (up 23% from FY 2020). Net income: JP¥662.0m (up 44% from FY 2020). Profit margin: 12% (up from 10% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 12 March 2022. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.0%). Announcement • Dec 18
Value HR Co.,Ltd. announced that it has received ¥1.00512 billion in funding from Daido Life Insurance Company, Amano Souken Co.,Ltd., Houken Corporation, and other investors On December 16, 2021, Value HR Co.,Ltd closed the transaction. Announcement • Nov 24
Value HR Co.,Ltd. announced that it expects to receive ¥973.14 million in funding from Daido Life Insurance Company, Amano Souken Co.,Ltd., Houken Corp. and other investors Value HR Co.,Ltd. announced that it has entered into agreement for a private placement of 490,000 shares at an issue price of ¥1,986 per share for gross proceeds of ¥973,140,000 in November 22, 2021. The transaction will include participation from Michio Fujita 100,000 shares, Toshi Yoshinari 20,000 shares, Daido Life Insurance Company for 120,000 shares, Amano Souken Co.,Ltd. for 120,000 shares and Houken Corp. for 120,000 shares. The transaction was approved by the board of directors of the company. The company will issue shares through third-party allotment. The transaction is expected to close on December 16, 2021. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥2,329, the stock trades at a trailing P/E ratio of 59.7x. Average trailing P/E is 16x in the Healthcare industry in Japan. Total returns to shareholders of 131% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥8.50 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 24 August 2021. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.1%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorated over the past week After last week's 18% share price decline to JP¥1,601, the stock is trading at a trailing P/E ratio of 41.3x, down from the previous P/E ratio of 50.2x. This compares to an average P/E of 18x in the Healthcare industry in Japan. Total returns to shareholders over the past three years are 68%. Announcement • Mar 01
Value HR Co.,Ltd. to Report Q1, 2021 Results on May 14, 2021 Value HR Co.,Ltd. announced that they will report Q1, 2021 results on May 14, 2021 Is New 90 Day High Low • Feb 17
New 90-day high: JP¥1,884 The company is up 16% from its price of JP¥1,631 on 19 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Healthcare industry, which is up 14% over the same period. Reported Earnings • Feb 15
Full year 2020 earnings released: EPS JP¥38.80 (vs JP¥46.78 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: JP¥4.49b (up 4.9% from FY 2019). Net income: JP¥460.0m (down 17% from FY 2019). Profit margin: 10% (down from 13% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Jan 07
Value HR Co.,Ltd. to Report Fiscal Year 2020 Results on Feb 12, 2021 Value HR Co.,Ltd. announced that they will report fiscal year 2020 results on Feb 12, 2021 Announcement • Oct 10
Value HR Co.,Ltd. to Report Q3, 2020 Results on Nov 13, 2020 Value HR Co.,Ltd. announced that they will report Q3, 2020 results on Nov 13, 2020 Announcement • Jul 05
Value HR Co.,Ltd. to Report Q2, 2020 Results on Aug 14, 2020 Value HR Co.,Ltd. announced that they will report Q2, 2020 results on Aug 14, 2020 
