Announcement • Dec 18
Fancl Corporation(TSE:4921) dropped from FTSE All-World Index (USD) Fancl Corporation(TSE:4921) dropped from FTSE All-World Index (USD) Announcement • Dec 04
Fancl Corporation to Delist from Prime Section of the Tokyo Stock Exchange, Effective December 18, 2024 Fancl Corporation will be delisted from Prime Section of the Tokyo Stock Exchange effective from December 18, 2024, due to reverse stock split. Reported Earnings • Nov 07
Second quarter 2025 earnings released: EPS: JP¥7.25 (vs JP¥17.59 in 2Q 2024) Second quarter 2025 results: EPS: JP¥7.25 (down from JP¥17.59 in 2Q 2024). Revenue: JP¥26.2b (down 2.9% from 2Q 2024). Net income: JP¥877.0m (down 59% from 2Q 2024). Profit margin: 3.4% (down from 7.9% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Sep 25
Fancl Corporation to Report Q2, 2025 Results on Nov 05, 2024 Fancl Corporation announced that they will report Q2, 2025 results on Nov 05, 2024 Announcement • Sep 12
Kirin Holdings Company, Limited (TSE:2503) completed the acquisition of 42.72% stake in Fancl Corporation (TSE:4921) for approximately ¥150 billion. Kirin Holdings Company, Limited (TSE:2503) proposed to acquire remaining 67.48% stake in Fancl Corporation (TSE:4921) for ¥230 billion on June 14, 2024. Under the terms of agreement, The Kirin group, owner of 'Ichiban' beer or 'Four Roses' bourbon, offered a cash payment of ¥2,620 (€15.74) for each FANCL share, which represented a 43% premium on the price. The transaction is subject to approval of merger agreement by target board. The Board of Directors of Fancl Corporation formed a special committee for the transaction. Financed through interest-bearing debt. The expected completion of the transaction is July 29, 2024. As of July 29, 2024, Kirin extends the term of its purchase offer for 66% of the cosmetic group FANCL to extend the Tender Offer Period to August 13, 2024, for a total tend the Tender Offer Period to August 13, 2024, for a total of 40 business days of 40 business days. As of August 6, 2024, the offer price has been revised to ¥2,800 and the offer period has been extended until August 28, 2024, for a total of 51 business days.
Nagashima Ohno & Tsunematsu as its legal advisor and Nomura Securities Co., Ltd. as its financial advisor to Kirin Holdings Company, Limited (TSE:2503). Mori Hamada & Matsumoto (“MHM”) and Uryu & Itoga as its own legal advisor and PLUTUS CONSULTING Co., Ltd and Plutus Consulting Co., Ltd. as its own financial advisor to Fancl Corporation.
Kirin Holdings Company, Limited (TSE:2503) completed the acquisition of 42.72% stake in Fancl Corporation (TSE:4921) for approximately ¥150 billion on September 11, 2024. Company will become a consolidated subsidiary of the Tender Offeror as of September 19, 2024. The Tender Offeror purchased 51,946,863 shares was not less than the minimum number of shares to be purchased 41,117,700 shares. Payment of the purchase price will be made in cash. Reported Earnings • Aug 04
First quarter 2025 earnings released: EPS: JP¥13.83 (vs JP¥18.10 in 1Q 2024) First quarter 2025 results: EPS: JP¥13.83 (down from JP¥18.10 in 1Q 2024). Revenue: JP¥26.0b (down 4.1% from 1Q 2024). Net income: JP¥1.67b (down 24% from 1Q 2024). Profit margin: 6.4% (down from 8.1% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year. Buy Or Sell Opportunity • Jul 29
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 54% to JP¥2,840. The fair value is estimated to be JP¥2,324, however this is not to be taken as a sell 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 6.8%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Buy Or Sell Opportunity • Jul 01
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 38% to JP¥2,733. The fair value is estimated to be JP¥2,263, however this is not to be taken as a sell 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 6.8%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Reported Earnings • Jun 28
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: JP¥73.03 (up from JP¥41.11 in FY 2023). Revenue: JP¥110.9b (up 7.0% from FY 2023). Net income: JP¥8.83b (up 78% from FY 2023). Profit margin: 8.0% (up from 4.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 9% per year. Announcement • Jun 26
Fancl Corporation to Report Q1, 2025 Results on Aug 02, 2024 Fancl Corporation announced that they will report Q1, 2025 results on Aug 02, 2024 Buy Or Sell Opportunity • Jun 17
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to JP¥2,775. The fair value is estimated to be JP¥2,132, however this is not to be taken as a sell 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 6.8%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • Jun 16
Kirin Holdings Company, Limited (TSE:2503) proposed to acquire remaining 67.48% stake in Fancl Corporation (TSE:4921) for ¥220 billion. Kirin Holdings Company, Limited (TSE:2503) proposed to acquire remaining 67.48% stake in Fancl Corporation (TSE:4921) for ¥220 billion on June 14, 2024. The transaction is subject to approval of merger agreement by target board. The Board of Directors of Fancl Corporation formed a special committee for the transaction. Financed through interest-bearing debt. The expected completion of the transaction is July 29, 2024. Nagashima Ohno & Tsunematsu as itslegal advisor and Nomura Securities Co., Ltd. as its financial advisor to Kirin Holdings Company, Limited (TSE:2503). Mori Hamada & Matsumoto (“MHM”) and Uryu & Itoga as its own legal advisor and PLUTUS CONSULTING Co., Ltd and Plutus Consulting Co., Ltd. as its own financial advisor to Fancl Corporation. New Risk • Jun 14
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 7.2% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,285, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 23x in the Personal Products industry in Japan. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,116 per share. Buy Or Sell Opportunity • May 25
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.1% to JP¥1,969. The fair value is estimated to be JP¥2,512, 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 6.8%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • May 10
Fancl Corporation, Annual General Meeting, Jun 22, 2024 Fancl Corporation, Annual General Meeting, Jun 22, 2024. Reported Earnings • May 09
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: JP¥73.03 (up from JP¥41.11 in FY 2023). Revenue: JP¥110.9b (up 7.0% from FY 2023). Net income: JP¥8.83b (up 78% from FY 2023). Profit margin: 8.0% (up from 4.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.1%). Announcement • Mar 08
Fancl Corporation to Report Fiscal Year 2024 Results on May 08, 2024 Fancl Corporation announced that they will report fiscal year 2024 results on May 08, 2024 Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥21.79 (vs JP¥14.09 in 3Q 2023) Third quarter 2024 results: EPS: JP¥21.79 (up from JP¥14.09 in 3Q 2023). Revenue: JP¥29.3b (up 3.6% from 3Q 2023). Net income: JP¥2.64b (up 55% from 3Q 2023). Profit margin: 9.0% (up from 6.0% in 3Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Announcement • Dec 09
Fancl Corporation to Report Q3, 2024 Results on Feb 06, 2024 Fancl Corporation announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 04
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: JP¥17.59 (up from JP¥12.29 in 2Q 2023). Revenue: JP¥26.9b (up 7.6% from 2Q 2023). Net income: JP¥2.13b (up 43% from 2Q 2023). Profit margin: 7.9% (up from 5.9% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 26%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 15% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥17.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.7%). Announcement • Aug 31
Fancl Corporation to Report First Half, 2024 Results on Nov 02, 2023 Fancl Corporation announced that they will report first half, 2024 results on Nov 02, 2023 Reported Earnings • Aug 06
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: JP¥18.10 (up from JP¥9.67 in 1Q 2023). Revenue: JP¥27.2b (up 6.0% from 1Q 2023). Net income: JP¥2.19b (up 87% from 1Q 2023). Profit margin: 8.1% (up from 4.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 27%. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Personal Products industry in Japan. 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. Announcement • Jun 18
Fancl Corporation to Report Q1, 2024 Results on Aug 04, 2023 Fancl Corporation announced that they will report Q1, 2024 results on Aug 04, 2023 Price Target Changed • Jun 15
Price target decreased by 7.1% to JP¥2,679 Down from JP¥2,882, the current price target is an average from 9 analysts. New target price is 12% above last closing price of JP¥2,383. Stock is up 9.9% over the past year. The company is forecast to post earnings per share of JP¥73.00 for next year compared to JP¥41.11 last year. Announcement • May 19
FANCL Corporation Announces Management Changes FANCL Corporation at its board meeting held on May 18, 2023 announced that Akihiro Yanagisawa, director will retire at the end of his term. Kengo Muraoka is promoted from Executive Officer General Manager, Direct Sales Division to Senior Executive Officer General Manager, Direct Sales Division. Mika Ishizawa is promoted from General Manager, Advertising Division to Deputy Executive Officer General Manager, Advertising Division. Reported Earnings • May 11
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥41.11 (down from JP¥61.50 in FY 2022). Revenue: JP¥103.6b (flat on FY 2022). Net income: JP¥4.97b (down 33% from FY 2022). Profit margin: 4.8% (down from 7.1% in FY 2022). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Personal Products industry in Japan. 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 8% per year, which means it has not declined as severely as earnings. Announcement • May 10
Fancl Corporation, Annual General Meeting, Jun 24, 2023 Fancl Corporation, Annual General Meeting, Jun 24, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share at 1.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is on the higher end at 78%, however this is supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.8%). Price Target Changed • Mar 03
Price target decreased by 7.7% to JP¥2,886 Down from JP¥3,127, the current price target is an average from 9 analysts. New target price is 15% above last closing price of JP¥2,516. Stock is down 19% over the past year. The company is forecast to post earnings per share of JP¥59.35 for next year compared to JP¥61.50 last year. Reported Earnings • Feb 08
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: JP¥14.09 (down from JP¥20.07 in 3Q 2022). Revenue: JP¥28.3b (down 2.5% from 3Q 2022). Net income: JP¥1.70b (down 30% from 3Q 2022). Profit margin: 6.0% (down from 8.3% in 3Q 2022). Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Personal Products industry in Japan. 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 7% per year, which means it has not declined as severely as earnings. Announcement • Dec 04
Fancl Corporation to Report Q3, 2023 Results on Feb 07, 2023 Fancl Corporation announced that they will report Q3, 2023 results on Feb 07, 2023 Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 7 new directors. 3 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). President, CEO & Representative Director Kazuyuki Shimada is the most experienced director on the board, commencing their role in 2007. Outside Independent Director Akira Matsumoto was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 06
Second quarter 2023 earnings: EPS exceeds analyst expectations Second quarter 2023 results: EPS: JP¥12.29 (down from JP¥15.27 in 2Q 2022). Revenue: JP¥25.0b (up 1.3% from 2Q 2022). Net income: JP¥1.49b (down 19% from 2Q 2022). Profit margin: 5.9% (down from 7.5% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% 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. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%). Reported Earnings • Aug 07
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: EPS: JP¥9.67 (down from JP¥18.46 in 1Q 2022). Revenue: JP¥25.6b (up 1.7% from 1Q 2022). Net income: JP¥1.17b (down 48% from 1Q 2022). Profit margin: 4.6% (down from 8.8% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 19%. Over the next year, revenue is forecast to grow 8.2%, compared to a 3.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • May 11
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥61.50 (down from JP¥66.45 in FY 2021). Revenue: JP¥104.0b (down 9.5% from FY 2021). Net income: JP¥7.42b (down 7.4% from FY 2021). Profit margin: 7.1% (in line with FY 2021). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 8.8%. Over the next year, revenue is forecast to grow 8.8%, compared to a 4.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 8% per year. Board Change • Apr 27
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 8 new directors. 2 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). President, CEO & Representative Director Kazuyuki Shimada is the most experienced director on the board, commencing their role in 2007. Outside Independent Director Akira Matsumoto was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 49% and the cash payout ratio is 88%. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.7%). Reported Earnings • Jan 30
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: JP¥20.07 (down from JP¥21.43 in 3Q 2021). Revenue: JP¥29.0b (down 8.8% from 3Q 2021). Net income: JP¥2.42b (down 6.3% from 3Q 2021). Profit margin: 8.3% (up from 8.1% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 5.1%, compared to a 4.9% growth forecast for the industry in Japan. 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 5% per year, which means it is well ahead of earnings. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS JP¥15.27 (vs JP¥17.38 in 2Q 2021) The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: JP¥24.7b (down 12% from 2Q 2021). Net income: JP¥1.84b (down 12% from 2Q 2021). Profit margin: 7.5% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (1.4%). Reported Earnings • Aug 05
First quarter 2022 earnings released: EPS JP¥18.46 (vs JP¥12.24 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥25.2b (down 4.3% from 1Q 2021). Net income: JP¥2.23b (up 51% from 1Q 2021). Profit margin: 8.8% (up from 5.6% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • May 12
Full year 2021 earnings released: EPS JP¥66.45 (vs JP¥83.11 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥114.9b (down 9.4% from FY 2020). Net income: JP¥8.02b (down 20% from FY 2020). Profit margin: 7.0% (down from 7.9% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 22 June 2021. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.3%). Is New 90 Day High Low • Mar 10
New 90-day low: JP¥3,720 The company is down 12% from its price of JP¥4,235 on 10 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Personal Products industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥2,099 per share. Reported Earnings • Jan 29
Third quarter 2021 earnings released: EPS JP¥21.43 (vs JP¥23.24 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥31.8b (down 2.1% from 3Q 2020). Net income: JP¥2.59b (down 7.3% from 3Q 2020). Profit margin: 8.1% (down from 8.6% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Jan 29
Revenue and earnings miss expectations Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 8.6%. Over the next year, revenue is forecast to grow 11%, compared to a 3.8% growth forecast for the Personal Products industry in Japan. Price Target Changed • Dec 18
Price target raised to JP¥3,993 Up from JP¥3,729, the current price target is an average from 11 analysts. The new target price is 6.6% below the current share price of JP¥4,275. As of last close, the stock is up 43% over the past year. Is New 90 Day High Low • Dec 11
New 90-day high: JP¥4,295 The company is up 21% from its price of JP¥3,560 on 11 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Personal Products industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥2,303 per share. Announcement • Jul 05
Fancl Corporation to Report Q1, 2021 Results on Aug 04, 2020 Fancl Corporation announced that they will report Q1, 2021 results on Aug 04, 2020