Buy Or Sell Opportunity • Jul 30
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.3% to JP¥322. The fair value is estimated to be JP¥417, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has declined by 58%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 67% in the next 2 years. Upcoming Dividend • Jul 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 July 2026. Payment date: 08 October 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.3%). Announcement • Jul 07
AXXZIA Inc. to Report Fiscal Year 2026 Results on Sep 14, 2026 AXXZIA Inc. announced that they will report fiscal year 2026 results on Sep 14, 2026 Buy Or Sell Opportunity • Jun 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.7% to JP¥322. The fair value is estimated to be JP¥403, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has declined by 59%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 109% in the next 2 years. Announcement • Jun 18
AXXZIA Inc. Revises Consolidating Earnings Guidance for the Fiscal Year Ending July 31, 2026 AXXZIA Inc. revised consolidating earnings guidance for the fiscal year ending July 31, 2026. For the period, Company expects net sales of JPY 13,500 million, operating loss of JPY 250 million, loss attributable to owners of parent JPY 105 million and basic loss per share of JPY 4.59 against previous guidance of net sales of JPY 14,440 million, operating income of JPY 570 million, profit attributable to owners of parent JPY 370 million and basic earnings per share of JPY 16.23. Regarding net sales, they have revised forecast downward as results are expected to fall short of the previously announced forecast, mainly due to significantly slower sales growth in Chinese e-commerce, the Company's principal market, since second quarter as a result of factors including heightened tensions between Japan and China since November 2025. From the third quarter onward, although the impact has been showing signs of subsiding, recovery is not expected to be sufficient to make up for the shortfall against the previously announced forecast. In addition, the impact led to a decline in the number of visitors to Japan from China, resulting in inbound sales at the Company's directly operated stores also trending below the previously announced forecast. In addition, sluggish sales at consolidated subsidiary M&D Co. Ltd., which engages in the import and sale of cosmetics, due to factors including price revisions in response to the weaker yen, also contributed to net sales falling below forecast. Regarding operating income/loss, results are expected to fall below the previously announced forecast due to a decline in profit associated with lower sales in Chinese e-commerce, which has a relatively high profit margin, as well as advertising expenses and commissions related to Chinese e-commerce rising significantly above initial assumptions due to intensified competition. Regarding ordinary income and profit attributable to owners of parent, although foreign exchange gains are expected to be recorded as exchange rates remained on a weaker-yen trend through third quarter, this is not expected to be sufficient to offset the shortfall in operating profit, and results are therefore expected to fall below the previously announced forecast. There is no change in the dividend forecast in connection with the revised earnings forecast. Reported Earnings • Jun 15
Third quarter 2026 earnings released: EPS: JP¥0.22 (vs JP¥6.52 in 3Q 2025) Third quarter 2026 results: EPS: JP¥0.22 (down from JP¥6.52 in 3Q 2025). Revenue: JP¥3.11b (down 18% from 3Q 2025). Net income: JP¥5.00m (down 97% from 3Q 2025). Profit margin: 0.2% (down from 3.9% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.9% 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 59% per year but the company’s share price has only fallen by 38% per year, which means it has not declined as severely as earnings. Declared Dividend • Apr 10
First half dividend of JP¥5.00 announced Dividend of JP¥5.00 is the same as last year. Ex-date: 30th July 2026 Payment date: 8th October 2026 Dividend yield will be 2.9%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (81% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Mar 30
New major risk - Revenue and earnings growth Earnings have declined by 21% 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 21% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥7.68b market cap, or US$48.1m). Reported Earnings • Mar 14
Second quarter 2026 earnings released: JP¥1.96 loss per share (vs JP¥1.40 profit in 2Q 2025) Second quarter 2026 results: JP¥1.96 loss per share (down from JP¥1.40 profit in 2Q 2025). Revenue: JP¥3.14b (down 2.0% from 2Q 2025). Net loss: JP¥44.7m (down 237% from profit in 2Q 2025). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Mar 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.6% to JP¥366. The fair value is estimated to be JP¥461, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 43%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Upcoming Dividend • Jan 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 January 2026. Payment date: 09 April 2026. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (2.3%). New Risk • Dec 29
New major risk - Revenue and earnings growth Earnings have declined by 19% 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 19% per year over the past 5 years. 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 (2.8% net profit margin). Market cap is less than US$100m (JP¥8.87b market cap, or US$56.7m). Announcement • Dec 25
AXXZIA Inc. to Report Q2, 2026 Results on Mar 16, 2026 AXXZIA Inc. announced that they will report Q2, 2026 results on Mar 16, 2026 Reported Earnings • Dec 16
First quarter 2026 earnings released: EPS: JP¥3.02 (vs JP¥1.21 in 1Q 2025) First quarter 2026 results: EPS: JP¥3.02 (up from JP¥1.21 in 1Q 2025). Revenue: JP¥3.63b (up 18% from 1Q 2025). Net income: JP¥69.0m (up 136% from 1Q 2025). Profit margin: 1.9% (up from 1.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.1% 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 43% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Declared Dividend • Nov 14
Final dividend of JP¥5.00 announced Dividend of JP¥5.00 is the same as last year. Ex-date: 29th January 2026 Payment date: 9th April 2026 Dividend yield will be 2.3%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (184% earnings payout ratio). However, it is well covered by cash flows (37% cash payout ratio). The dividend has decreased over the past 36 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to grow by 104% to bring the payout ratio under control. EPS is expected to grow by 73% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Announcement • Sep 30
AXXZIA Inc. to Report Q1, 2026 Results on Dec 15, 2025 AXXZIA Inc. announced that they will report Q1, 2026 results on Dec 15, 2025 New Risk • Sep 18
New major risk - Revenue and earnings growth Earnings have declined by 11% 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 11% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (2.6% net profit margin). Market cap is less than US$100m (JP¥10.5b market cap, or US$71.4m). Reported Earnings • Sep 15
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥15.16 (down from JP¥32.05 in FY 2024). Revenue: JP¥13.5b (up 11% from FY 2024). Net income: JP¥354.0m (down 55% from FY 2024). Profit margin: 2.6% (down from 6.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 45%. Revenue is forecast to grow 7.9% p.a. on average during the next 2 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 35% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Announcement • Sep 12
AXXZIA Inc., Annual General Meeting, Oct 24, 2025 AXXZIA Inc., Annual General Meeting, Oct 24, 2025. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥537, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 24x in the Personal Products industry in Japan. Total loss to shareholders of 47% over the past three years. Buy Or Sell Opportunity • Sep 04
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 8.0% to JP¥460. The fair value is estimated to be JP¥382, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 26%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 133% in the next 2 years. Upcoming Dividend • Jul 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 July 2025. Payment date: 09 October 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.9%). Lower than average of industry peers (2.3%). Announcement • Jul 09
AXXZIA Inc. to Report Fiscal Year 2025 Results on Sep 12, 2025 AXXZIA Inc. announced that they will report fiscal year 2025 results on Sep 12, 2025 Buy Or Sell Opportunity • Jul 03
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥478. The fair value is estimated to be JP¥397, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 26%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 133% in the next 2 years. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥481, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 24x in the Personal Products industry in Japan. Total loss to shareholders of 47% over the past three years. New Risk • Jun 17
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 8.6% 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 Dividend is not well covered by earnings (184% payout ratio). Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (JP¥11.2b market cap, or US$77.5m). Buy Or Sell Opportunity • Jun 16
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 4.0% to JP¥489. The fair value is estimated to be JP¥400, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 26%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 125% in the next 2 years. Declared Dividend • Apr 10
First half dividend of JP¥5.00 announced Shareholders will receive a dividend of JP¥5.00. Ex-date: 30th July 2025 Payment date: 9th October 2025 Dividend yield will be 2.5%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (67% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 131% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (2.7% net profit margin). Market cap is less than US$100m (JP¥8.46b market cap, or US$57.9m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥371, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 22x in the Personal Products industry in Japan. Total loss to shareholders of 64% over the past three years. Announcement • Mar 25
AXXZIA Inc. to Report Q3, 2025 Results on Jun 13, 2025 AXXZIA Inc. announced that they will report Q3, 2025 results on Jun 13, 2025 Reported Earnings • Mar 15
Second quarter 2025 earnings released: EPS: JP¥1.40 (vs JP¥9.46 in 2Q 2024) Second quarter 2025 results: EPS: JP¥1.40 (down from JP¥9.46 in 2Q 2024). Revenue: JP¥3.21b (up 19% from 2Q 2024). Net income: JP¥32.7m (down 86% from 2Q 2024). Profit margin: 1.0% (down from 8.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% 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 fallen by 26% per year, which means it is performing significantly worse than earnings. Upcoming Dividend • Jan 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 January 2025. Payment date: 09 April 2025. Payout ratio is on the higher end at 87%, however this is supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (2.4%). Announcement • Jan 17
AXXZIA Inc. to Report Q2, 2025 Results on Mar 14, 2025 AXXZIA Inc. announced that they will report Q2, 2025 results on Mar 14, 2025 New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥10.6b market cap, or US$67.5m). Buy Or Sell Opportunity • Dec 24
Now 21% overvalued Over the last 90 days, the stock has fallen 20% to JP¥506. The fair value is estimated to be JP¥418, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 95% in the next 2 years. Reported Earnings • Dec 15
First quarter 2025 earnings released: EPS: JP¥1.20 (vs JP¥10.38 in 1Q 2024) First quarter 2025 results: EPS: JP¥1.20 (down from JP¥10.38 in 1Q 2024). Revenue: JP¥3.08b (up 13% from 1Q 2024). Net income: JP¥29.0m (down 89% from 1Q 2024). Profit margin: 0.9% (down from 9.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% 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 1% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Announcement • Dec 13
AXXZIA Inc. (TSE:4936) announces an Equity Buyback for 1,200,000 shares, representing 5.01% for ¥840 million. AXXZIA Inc. (TSE:4936) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 5.01% of its issued share capital, for ¥840 million. The purpose of the program is to increase shareholder returns and improve capital efficiency. The program will be valid till December 26, 2024. Declared Dividend • Nov 07
Final dividend reduced to JP¥5.00 Dividend of JP¥5.00 is 50% lower than last year. Ex-date: 30th January 2025 Payment date: 9th April 2025 Dividend yield will be 2.6%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has decreased over the past 26 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 03
AXXZIA Inc. to Report Q1, 2025 Results on Dec 13, 2024 AXXZIA Inc. announced that they will report Q1, 2025 results on Dec 13, 2024 Announcement • Sep 23
AXXZIA Inc. (TSE:4936) announces an Equity Buyback for 500,000 shares, representing 1.99% for ¥300 million. AXXZIA Inc. (TSE:4936) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.99% of its issued share capital, for ¥300 million. The program will be valid till January 31, 2025. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥547, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 24x in the Personal Products industry in Japan. Total loss to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥293 per share. New Risk • Sep 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.1b (US$92.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Dividend is not well covered by cash flows (119% cash payout ratio). Profit margins are more than 30% lower than last year (6.5% net profit margin). Market cap is less than US$100m (JP¥13.1b market cap, or US$92.4m). New Risk • Sep 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 7x cash flows per share). Profit margins are more than 30% lower than last year (6.5% net profit margin). Reported Earnings • Sep 17
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥32.05 (down from JP¥51.76 in FY 2023). Revenue: JP¥12.2b (up 7.5% from FY 2023). Net income: JP¥794.0m (down 40% from FY 2023). Profit margin: 6.5% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 6.3%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Sep 13
AXXZIA Inc., Annual General Meeting, Oct 25, 2024 AXXZIA Inc., Annual General Meeting, Oct 25, 2024. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥704, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Personal Products industry in Japan. Total loss to shareholders of 40% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥364 per share. New Risk • Aug 02
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 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 7x cash flows per share). Share price has been volatile over the past 3 months (5.5% average weekly change). Announcement • Jul 23
AXXZIA Inc. to Report Fiscal Year 2024 Results on Sep 13, 2024 AXXZIA Inc. announced that they will report fiscal year 2024 results on Sep 13, 2024 Upcoming Dividend • Jul 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 July 2024. Payment date: 11 October 2024. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.8%). Announcement • Jun 18
AXXZIA Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending July 31, 2024 AXXZIA Inc. revised consolidated earnings guidance for the fiscal year ending July 31, 2024. For the year, the company expects net sales of JPY 12,200 million, operating income of JPY 830 million, profit attributable to owners of parent of JPY 700 million and basic earnings per share of JPY 28.10. Reported Earnings • Jun 16
Third quarter 2024 earnings released: EPS: JP¥12.78 (vs JP¥10.44 in 3Q 2023) Third quarter 2024 results: EPS: JP¥12.78 (up from JP¥10.44 in 3Q 2023). Revenue: JP¥3.68b (up 33% from 3Q 2023). Net income: JP¥313.0m (up 16% from 3Q 2023). Profit margin: 8.5% (down from 9.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.8% 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 increased by 14% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Jun 13
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 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 7x cash flows per share). Share price has been volatile over the past 3 months (5.5% average weekly change). Announcement • Apr 22
AXXZIA Inc. to Report Q3, 2024 Results on Jun 14, 2024 AXXZIA Inc. announced that they will report Q3, 2024 results on Jun 14, 2024 Reported Earnings • Mar 17
Second quarter 2024 earnings released: EPS: JP¥9.46 (vs JP¥9.75 in 2Q 2023) Second quarter 2024 results: EPS: JP¥9.46 (down from JP¥9.75 in 2Q 2023). Revenue: JP¥2.70b (up 8.1% from 2Q 2023). Net income: JP¥237.0m (down 6.0% from 2Q 2023). Profit margin: 8.8% (down from 10% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Personal Products industry in Japan. Declared Dividend • Mar 16
Dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 30th July 2024 Payment date: 11th October 2024 Dividend yield will be 2.6%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but not covered by cash flows (122% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 67% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 02
AXXZIA Inc. (TSE:4936) completed the acquisition M&D Co., Ltd from Atsunobu Hatae, Masahide Kurisaki, Junko Hatae, Teruyuki Mochimatsu, Nobuhito Suetsugu and Kazuhiro Iduma. AXXZIA Inc. (TSE:4936) agreed to acquire M&D Co., Ltd from Atsunobu Hatae, Masahide Kurisaki, Junko Hatae, Teruyuki Mochimatsu, Nobuhito Suetsugu and Kazuhiro Iduma for ¥28 million on November 29, 2023. AXXZIA concluded a share purchase agreement to acquire M&D Co., Ltd from Atsunobu Hatae, Masahide Kurisaki, Junko Hatae, Teruyuki Mochimatsu, Nobuhito Suetsugu and Kazuhiro Iduma on December 5, 2023. Atsunobu Hatae, Masahide Kurisaki, Junko Hatae, Teruyuki Mochimatsu, Nobuhito Suetsugu and Kazuhiro Iduma holds 30%, 30%,25%, 5%, 5% and 5% stake, respectively in M&D. The transaction is expected to complete on February 1, 2024.
AXXZIA Inc. (TSE:4936) completed the acquisition M&D Co., Ltd from Atsunobu Hatae, Masahide Kurisaki, Junko Hatae, Teruyuki Mochimatsu, Nobuhito Suetsugu and Kazuhiro Iduma on February 1, 2024. Announcement • Jan 18
AXXZIA Inc. to Report Q2, 2024 Results on Mar 14, 2024 AXXZIA Inc. announced that they will report Q2, 2024 results on Mar 14, 2024 Announcement • Dec 17
AXXZIA Inc. (TSE:4936) announces an Equity Buyback for 750,000 shares, representing 2.98% for ¥1,100 million. AXXZIA Inc. (TSE:4936) announces a share repurchase program. Under the program, the company will repurchase up to 750,000 shares, representing 2.98% of its issued share capital, for ¥1,100 million. The purpose of the program is to achieve both growth investment and shareholder returns, and to further return profits to shareholders. The program will be valid till March 29, 2024. As of October 31, 2023, the company has 25,161,000 issued shares (excluding treasury stock) and 750,000 treasury shares. Reported Earnings • Dec 16
First quarter 2024 earnings released: EPS: JP¥10.38 (vs JP¥12.40 in 1Q 2023) First quarter 2024 results: EPS: JP¥10.38 (down from JP¥12.40 in 1Q 2023). Revenue: JP¥2.73b (up 4.2% from 1Q 2023). Net income: JP¥261.0m (down 18% from 1Q 2023). Profit margin: 9.6% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Personal Products industry in Japan. Reported Earnings • Nov 02
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥51.76 (up from JP¥43.26 in FY 2022). Revenue: JP¥11.3b (up 38% from FY 2022). Net income: JP¥1.33b (up 19% from FY 2022). Profit margin: 12% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.3%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Personal Products industry in Japan. Announcement • Oct 26
AXXZIA Inc. to Report Q1, 2024 Results on Dec 15, 2023 AXXZIA Inc. announced that they will report Q1, 2024 results on Dec 15, 2023 Announcement • Sep 23
AXXZIA Inc. Provides Dividend Guidance for the Fiscal Year Ending July 31, 2024 AXXZIA Inc. provided dividend guidance for the fiscal year ending July 31, 2024. For the year, the company expects dividend to be JPY 10.00 per share against JPY 14.00 per share paid last year. Announcement • Sep 22
AXXZIA Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending July 31, 2024 AXXZIA Inc. provided consolidated earnings guidance for the fiscal year ending July 31, 2024. For the year, the company expects net sales of JPY 13,000 million, operating income of JPY 2,400 million, profit attributable to owners of parent of JPY 1,635 million and basic earnings per share of JPY 65.05. Reported Earnings • Sep 16
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥51.76 (up from JP¥43.26 in FY 2022). Revenue: JP¥11.3b (up 38% from FY 2022). Net income: JP¥1.33b (up 19% from FY 2022). Profit margin: 12% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 1.3%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Personal Products industry in Japan. Announcement • Sep 16
AXXZIA Inc., Annual General Meeting, Oct 27, 2023 AXXZIA Inc., Annual General Meeting, Oct 27, 2023. Reported Earnings • Jun 13
Third quarter 2023 earnings released: EPS: JP¥10.44 (vs JP¥7.95 in 3Q 2022) Third quarter 2023 results: EPS: JP¥10.44 (up from JP¥7.95 in 3Q 2022). Revenue: JP¥2.77b (up 64% from 3Q 2022). Net income: JP¥270.0m (up 32% from 3Q 2022). Profit margin: 9.7% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Personal Products industry in Japan. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,405, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 24x in the Personal Products industry in Japan. Total returns to shareholders of 37% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,156 per share. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,003, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 28x in the Personal Products industry in Japan. Total loss to shareholders of 3.0% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,166 per share. Reported Earnings • Mar 15
Second quarter 2023 earnings released: EPS: JP¥9.75 (vs JP¥12.56 in 2Q 2022) Second quarter 2023 results: EPS: JP¥9.75 (down from JP¥12.56 in 2Q 2022). Revenue: JP¥2.50b (up 16% from 2Q 2022). Net income: JP¥252.0m (down 22% from 2Q 2022). Profit margin: 10% (down from 15% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Personal Products industry in Japan. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,264, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 31x in the Personal Products industry in Japan. Total returns to shareholders of 38% over the past year. Announcement • Jan 25
AXXZIA Inc. to Report Q2, 2023 Results on Mar 13, 2023 AXXZIA Inc. announced that they will report Q2, 2023 results on Mar 13, 2023 Announcement • Dec 27
AXXZIA Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending July 31, 2023 AXXZIA Inc. provided Consolidated earnings guidance for the Fiscal Year Ending July 31, 2023. For the year, the company expects net sales to be JPY 10,351 million, operating income to be JPY 1,818 million, ordinary income to be JPY 1,797 million, profit attributable to owners of parent to be JPY 1,172 million and basic earnings per share to be JPY 45.43. Reported Earnings • Dec 14
First quarter 2023 earnings released: EPS: JP¥12.40 (vs JP¥8.45 in 1Q 2022) First quarter 2023 results: EPS: JP¥12.40 (up from JP¥8.45 in 1Q 2022). Revenue: JP¥2.62b (up 47% from 1Q 2022). Net income: JP¥320.0m (up 47% from 1Q 2022). Profit margin: 12% (in line with 1Q 2022). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Personal Products industry in Japan. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥1,571, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 26x in the Personal Products industry in Japan. Total returns to shareholders of 67% over the past year. Board Change • Nov 16
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. 3 experienced directors. 3 highly experienced directors. No independent directors (6 non-independent directors). Director and Domestic Sales Manager & GM of Overseas Sales Department Zhang Hui was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Nov 03
AXXZIA Inc. to Report Q1, 2023 Results on Dec 12, 2022 AXXZIA Inc. announced that they will report Q1, 2023 results on Dec 12, 2022 
