RIZAP GROUP, Inc.

SPSE:2928 Stock Report

Market Cap: JP¥117.5b

RIZAP GROUP Past Earnings Performance

Past criteria checks 2/6

RIZAP GROUP's earnings have been declining at an average annual rate of -10.5%, while the Personal Products industry saw earnings growing at 0.8% annually. Revenues have been growing at an average rate of 0.7% per year. RIZAP GROUP's return on equity is 7.2%, and it has net margins of 0.2%.

Key information

-10.48%

Earnings growth rate

-10.47%

EPS growth rate

Personal Products Industry Growth5.35%
Revenue growth rate0.72%
Return on equity7.17%
Net Margin0.20%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Analysis Article • Mar 21

RIZAP GROUP (SPSE:2928) Takes On Some Risk With Its Use Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article • Feb 23

The Trends At RIZAP GROUP (SPSE:2928) That You Should Know About

There are a few key trends to look for if we want to identify the next multi-bagger. Firstly, we'd want to identify a...
Analysis Article • Jan 27

Do Institutions Own RIZAP GROUP, Inc. (SPSE:2928) Shares?

If you want to know who really controls RIZAP GROUP, Inc. ( SPSE:2928 ), then you'll have to look at the makeup of its...
Analysis Article • Jan 01

RIZAP GROUP (SPSE:2928) Share Prices Have Dropped 87% In The Last Three Years

As every investor would know, not every swing hits the sweet spot. But really bad investments should be rare. So take a...
Analysis Article • Dec 06

RIZAP GROUP (SPSE:2928) Takes On Some Risk With Its Use Of Debt

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...

Revenue & Expenses Breakdown

How RIZAP GROUP makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

SPSE:2928 Revenue, expenses and earnings (JPY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26167,25733969,9200
31 Dec 25167,29849571,4780
30 Sep 25166,645-32872,9050
30 Jun 25169,768-2,23977,0240
31 Mar 25171,09078581,3520
31 Dec 24174,04160181,6260
30 Sep 24173,224-80483,8940
30 Jun 24168,810-3,74185,2020
31 Mar 24166,298-4,19183,1690
31 Dec 23163,696-11,59686,4820
30 Sep 23161,768-18,53183,9430
30 Jun 23161,499-15,06579,1340
31 Mar 23160,519-12,53275,3110
31 Dec 22159,272-8,00571,9580
30 Sep 22160,043-13770,0790
30 Jun 22161,1221,14870,1850
31 Mar 22162,3592,10270,8410
31 Dec 21162,4712,82771,7100
30 Sep 21165,7873,78272,8430
30 Jun 21170,1284,28674,5510
31 Mar 21168,8761,18574,0120
31 Dec 20175,120-5,17475,8710
30 Sep 20180,290-8,40378,9100
30 Jun 20186,203-9,21481,0320
31 Mar 20201,734-6,13087,4580
31 Dec 19205,016-4,69786,0720
30 Sep 19216,187-2,94589,9580
30 Jun 19222,590-8,49793,9590
31 Mar 19221,503-11,77597,7960
31 Dec 18209,476-4,10993,9670
30 Sep 18182,725-2,23084,3480
30 Jun 18159,7233,98572,7190
31 Mar 18136,2019,25059,6820
31 Dec 17128,7027,83056,2540
30 Sep 17116,3736,36450,9720
30 Jun 17104,1177,17947,9550
31 Mar 1795,2997,67841,7380
31 Dec 1681,6605,54537,1550
30 Sep 1671,1445,92633,1870
30 Jun 1663,1505,18429,3870
31 Mar 1655,4482,46628,5690
31 Dec 1550,2502,46627,3210
30 Sep 1546,5012,21725,6260
30 Jun 1542,7521,53524,4660

Quality Earnings: 2928 has high quality earnings.

Growing Profit Margin: 2928's current net profit margins (0.2%) are lower than last year (0.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 2928 has become profitable over the past 5 years, growing earnings by -10.5% per year.

Accelerating Growth: 2928's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 2928 had negative earnings growth (-56.8%) over the past year, making it difficult to compare to the Personal Products industry average (12.3%).

Return on Equity

High ROE: 2928's Return on Equity (7.2%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/10 07:35
End of Day Share Price 2026/06/10 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

RIZAP GROUP, Inc. is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kyoichiro ShigemuraNomura Securities Co. Ltd.