Announcement • May 09
Ya-Man Ltd. to Report Q1, 2026 Results on May 15, 2026 Ya-Man Ltd. announced that they will report Q1, 2026 results on May 15, 2026 Reported Earnings • Feb 18
Full year 2025 earnings released: JP¥32.63 loss per share (vs JP¥6.60 profit in FY 2024) Full year 2025 results: JP¥32.63 loss per share (down from JP¥6.60 profit in FY 2024). Revenue: JP¥25.9b (up 1.6% from FY 2024). Net loss: JP¥1.80b (down JP¥2.16b from profit in FY 2024). Revenue is expected to decline by 4.9% p.a. on average during the next 2 years, while revenues in the Personal Products industry in Japan are expected to grow by 3.6%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Announcement • Feb 13
Ya-Man Ltd., Annual General Meeting, Mar 27, 2026 Ya-Man Ltd., Annual General Meeting, Mar 27, 2026. Reported Earnings • Dec 13
Second quarter 2026 earnings released: JP¥5.80 loss per share (vs JP¥1.64 profit in 2Q 2025) Second quarter 2026 results: JP¥5.80 loss per share (down from JP¥1.64 profit in 2Q 2025). Revenue: JP¥6.82b (down 2.1% from 2Q 2025). Net loss: JP¥319.0m (down 454% from profit in 2Q 2025). Revenue is forecast to grow 2.3% 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, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Dec 03
Ya-Man Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026 Ya-Man Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026 Upcoming Dividend • Oct 23
Upcoming dividend of JP¥4.25 per share Eligible shareholders must have bought the stock before 30 October 2025. Payment date: 07 January 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.2%). Reported Earnings • Sep 15
First quarter 2026 earnings released: JP¥15.94 loss per share (vs JP¥1.53 loss in 1Q 2025) First quarter 2026 results: JP¥15.94 loss per share (further deteriorated from JP¥1.53 loss in 1Q 2025). Revenue: JP¥4.69b (down 18% from 1Q 2025). Net loss: JP¥877.0m (loss widened JP¥793.0m from 1Q 2025). Revenue is forecast to grow 12% 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, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Declared Dividend • Aug 20
Final dividend of JP¥4.25 announced Dividend of JP¥4.25 is the same as last year. Ex-date: 30th October 2025 Payment date: 7th January 2026 Dividend yield will be 1.1%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (70% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 34% over the next 3 years. Since a fall of 22% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Announcement • Jun 25
Ya-Man Ltd. Announces Retirement of Directors and Audit & Supervisory Board Members, Effective July 25, 2025 YA-MAN LTD. announced that the Board of Directors resolved at its meeting held on June 25, 2025, on the candidates for Director after the transition to a company with an Audit and Supervisory Committee, which it will propose to the 51st Annual General Meeting of Shareholders scheduled to be held on July 25, 2025. Retiring Directors and Audit & Supervisory Board Members include Shota Toda, Director, General Manager of Sales Division and General Manager of Whole Sale Department for TV shopping and Mail-Order; Jun Takada, Director, General Manager of Development Division, General Manager of Quality Management Department and General Manager of Production Engineering Department; Takeshi Kurihara, Director (Outside); Kazuaki Oshiumi, Audit & Supervisory Board Member (Outside); and Tomoko Kawamoto, Audit & Supervisory Board Member (Outside). Mr. Shota Toda and Mr. Jun Takada will retire from their positions as Directors at the conclusion of the 51st Annual General Meeting of Shareholders following the transition to a company with an Audit and Supervisory Committee. However, they are scheduled to be appointed as Executive Officers at the meeting of the Board of Directors to be held after the conclusion of that General Meeting of Shareholders. New Risk • Jun 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.8% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 2.8% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Jun 15
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥12.83 (up from JP¥7.23 in FY 2024). Revenue: JP¥25.0b (down 22% from FY 2024). Net income: JP¥706.0m (up 77% from FY 2024). Profit margin: 2.8% (up from 1.2% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 3.7% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Apr 21
Upcoming dividend of JP¥4.75 per share Eligible shareholders must have bought the stock before 28 April 2025. Payment date: 29 July 2025. The company is paying out more than 100% of its profits and is paying out 93% of its cash flow. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (2.4%). Major Estimate Revision • Apr 19
Consensus revenue estimates fall by 19% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥30.9b to JP¥25.0b. EPS estimate fell from JP¥36.32 to JP¥19.80 per share. Net income forecast to grow 261% next year vs 3.8% growth forecast for Personal Products industry in Japan. Consensus price target of JP¥989 unchanged from last update. Share price was steady at JP¥918 over the past week. New Risk • Apr 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.1% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 7.1% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Buy Or Sell Opportunity • Apr 08
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to JP¥876. The fair value is estimated to be JP¥700, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last 3 years. Earnings per share has declined by 81%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 214% in the next 2 years. Announcement • Apr 01
Ya-Man Ltd. to Report Fiscal Year 2025 Results on Jun 13, 2025 Ya-Man Ltd. announced that they will report fiscal year 2025 results on Jun 13, 2025 Reported Earnings • Mar 15
Third quarter 2025 earnings released: EPS: JP¥20.32 (vs JP¥8.16 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥20.32 (up from JP¥8.16 loss in 3Q 2024). Revenue: JP¥6.32b (down 7.2% from 3Q 2024). Net income: JP¥1.12b (up JP¥1.57b from 3Q 2024). Profit margin: 18% (up from net loss in 3Q 2024). 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, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • Jan 29
An undisclosed buyer completed the acquisition of 35% stake in MACHERIE BEAUTY TECHNOLOGY CO., LTD. from Ya-Man Ltd. (TSE:6630). An undisclosed buyer signed a letter of intent to acquire 35% stake in MACHERIE BEAUTY TECHNOLOGY CO., LTD. from Ya-Man Ltd. (TSE:6630) on November 23, 2024.
An undisclosed buyer completed the acquisition of 35% stake in MACHERIE BEAUTY TECHNOLOGY CO., LTD. from Ya-Man Ltd. (TSE:6630) on January 27, 2025. Declared Dividend • Jan 08
First half dividend of JP¥4.75 announced Dividend of JP¥4.75 is the same as last year. Ex-date: 28th April 2025 Payment date: 29th July 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not adequately covered by cash flows (93% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Dec 15
Second quarter 2025 earnings released: EPS: JP¥1.64 (vs JP¥8.47 in 2Q 2024) Second quarter 2025 results: EPS: JP¥1.64 (down from JP¥8.47 in 2Q 2024). Revenue: JP¥6.97b (down 24% from 2Q 2024). Net income: JP¥90.0m (down 81% from 2Q 2024). Profit margin: 1.3% (down from 5.1% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% 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, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Nov 18
Now 20% overvalued Over the last 90 days, the stock has fallen 11% to JP¥757. The fair value is estimated to be JP¥629, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.3% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Oct 23
Upcoming dividend of JP¥4.25 per share Eligible shareholders must have bought the stock before 30 October 2024. Payment date: 06 January 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.0%). Announcement • Sep 28
Ya-Man Ltd. to Report Q3, 2025 Results on Mar 14, 2025 Ya-Man Ltd. announced that they will report Q3, 2025 results on Mar 14, 2025 Reported Earnings • Sep 15
First quarter 2025 earnings released: JP¥1.53 loss per share (vs JP¥20.76 profit in 1Q 2024) First quarter 2025 results: JP¥1.53 loss per share (down from JP¥20.76 profit in 1Q 2024). Revenue: JP¥5.75b (down 40% from 1Q 2024). Net loss: JP¥84.0m (down 107% from profit in 1Q 2024). Revenue is forecast to grow 9.5% p.a. on average during the next 3 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 fallen by 51% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jul 01
Now 13% overvalued Over the last 90 days, the stock has fallen 17% to JP¥826. The fair value is estimated to be JP¥728, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 414% in the next 2 years. Buy Or Sell Opportunity • Jun 24
Now 22% overvalued Over the last 90 days, the stock has fallen 16% to JP¥829. The fair value is estimated to be JP¥679, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 414% in the next 2 years. Reported Earnings • Jun 16
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥7.23 (down from JP¥71.12 in FY 2023). Revenue: JP¥32.0b (down 26% from FY 2023). Net income: JP¥398.0m (down 90% from FY 2023). Profit margin: 1.2% (down from 9.1% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 59%. Revenue is forecast to grow 6.1% p.a. on average during the next 2 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 32% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jun 15
Consensus EPS estimates fall by 16% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥30.78 to JP¥25.70. Revenue forecast unchanged from JP¥32.5b at last update. Net income forecast to shrink 13% next year vs 9.2% growth forecast for Personal Products industry in Japan . Consensus price target of JP¥919 unchanged from last update. Share price was steady at JP¥956 over the past week. Announcement • Jun 15
Ya-Man Ltd., Annual General Meeting, Jul 26, 2024 Ya-Man Ltd., Annual General Meeting, Jul 26, 2024. Upcoming Dividend • Apr 19
Upcoming dividend of JP¥4.75 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 29 July 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.1%). Announcement • Apr 02
Ya-Man Ltd. to Report Fiscal Year 2024 Results on Jun 14, 2024 Ya-Man Ltd. announced that they will report fiscal year 2024 results on Jun 14, 2024 Reported Earnings • Mar 15
Third quarter 2024 earnings released: JP¥8.16 loss per share (vs JP¥17.59 loss in 3Q 2023) Third quarter 2024 results: JP¥8.16 loss per share (improved from JP¥17.59 loss in 3Q 2023). Revenue: JP¥6.80b (down 23% from 3Q 2023). Net loss: JP¥449.2m (loss narrowed 54% from 3Q 2023). Revenue is forecast to grow 6.6% 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 15% per year whereas the company’s share price has fallen by 14% per year. Announcement • Mar 14
Ya-Man Ltd. Revises Dividend Guidance for the Fiscal Year Ending April 30, 2024 Ya-Man Ltd. revised dividend guidance for the fiscal year ending April 30, 2024. For the year-end, company expects dividend of JPY 4.75 per share compared to JPY 4.25 per share a year ago. Announcement • Jan 28
Ya-Man Ltd. to Report Q3, 2024 Results on Mar 14, 2024 Ya-Man Ltd. announced that they will report Q3, 2024 results on Mar 14, 2024 Major Estimate Revision • Jan 10
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥38.3b to JP¥35.3b. EPS estimate also fell from JP¥61.87 per share to JP¥48.31 per share. Net income forecast to grow 179% next year vs 11% growth forecast for Personal Products industry in Japan. Consensus price target of JP¥919 unchanged from last update. Share price rose 3.5% to JP¥1,041 over the past week. New Risk • Dec 16
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: 2.8% Last year net profit margin: 16% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Dec 16
Second quarter 2024 earnings released: EPS: JP¥8.47 (vs JP¥57.45 in 2Q 2023) Second quarter 2024 results: EPS: JP¥8.47 (down from JP¥57.45 in 2Q 2023). Revenue: JP¥9.17b (down 38% from 2Q 2023). Net income: JP¥465.8m (down 85% from 2Q 2023). Profit margin: 5.1% (down from 21% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% 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 remained flat but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Major Estimate Revision • Dec 14
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥44.3b to JP¥39.8b. EPS estimate fell from JP¥78.90 to JP¥68.10 per share. Net income forecast to grow 3.9% next year vs 11% growth forecast for Personal Products industry in Japan. Consensus price target of JP¥990 unchanged from last update. Share price fell 11% to JP¥915 over the past week. Buying Opportunity • Nov 30
Now 21% undervalued Over the last 90 days, the stock is up 1.7%. The fair value is estimated to be JP¥1,341, 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 grown by 19%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 29% in the next 2 years. Upcoming Dividend • Oct 23
Upcoming dividend of JP¥4.25 per share at 0.8% yield Eligible shareholders must have bought the stock before 30 October 2023. Payment date: 05 January 2024. Payout ratio is a comfortable 13% and the cash payout ratio is 94%. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.9%). Announcement • Sep 22
Ya-Man Ltd. to Report Q2, 2024 Results on Dec 13, 2023 Ya-Man Ltd. announced that they will report Q2, 2024 results on Dec 13, 2023 Announcement • Sep 15
Ya-Man Ltd. Announces Dividend Guidance for Second Quarter and Full Year of Fiscal Year Ending April 30, 2024 Ya-Man Ltd. announced dividend guidance for second quarter and full year of fiscal year ending April 30, 2024. For the quarter, the company expects to pay the dividend of JPY 4.25 per share.For the year, the company expects to pay the dividend of JPY 4.25 per share. Reported Earnings • Aug 02
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥71.12 (down from JP¥102 in FY 2022). Revenue: JP¥43.0b (up 5.0% from FY 2022). Net income: JP¥3.91b (down 30% from FY 2022). Profit margin: 9.1% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 5.0% 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 31% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Jun 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 36% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (36% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (9.1% net profit margin). Reported Earnings • Jun 15
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥71.12 (down from JP¥102 in FY 2022). Revenue: JP¥43.0b (up 5.0% from FY 2022). Net income: JP¥3.91b (down 30% from FY 2022). Profit margin: 9.1% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 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 increased by 31% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jun 13
Ya-Man Ltd., Annual General Meeting, Jul 27, 2023 Ya-Man Ltd., Annual General Meeting, Jul 27, 2023. Upcoming Dividend • Apr 20
Upcoming dividend of JP¥8.75 per share at 0.7% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 31 July 2023. Payout ratio is a comfortable 7.0% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.7%). Reported Earnings • Mar 15
Third quarter 2023 earnings released: JP¥17.59 loss per share (vs JP¥26.68 profit in 3Q 2022) Third quarter 2023 results: JP¥17.59 loss per share (down from JP¥26.68 profit in 3Q 2022). Revenue: JP¥8.82b (down 18% from 3Q 2022). Net loss: JP¥968.0m (down 166% from profit in 3Q 2022). Revenue is forecast to grow 11% 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 increased by 41% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Mar 15
Consensus EPS estimates fall by 31% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥47.1b to JP¥43.8b. EPS estimate also fell from JP¥114 per share to JP¥78.72 per share. Net income forecast to shrink 31% next year vs 2.7% growth forecast for Personal Products industry in Japan . Consensus price target down from JP¥1,700 to JP¥1,383. Share price fell 28% to JP¥1,067 over the past week. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to JP¥1,067, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 29x in the Personal Products industry in Japan. Total returns to shareholders of 72% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,101 per share. Buying Opportunity • Mar 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 10%. The fair value is estimated to be JP¥1,730, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 2.3% in the next 2 years. Announcement • Jan 07
Ya-Man Ltd. to Report Q3, 2023 Results on Mar 14, 2023 Ya-Man Ltd. announced that they will report Q3, 2023 results on Mar 14, 2023 Reported Earnings • Dec 15
Second quarter 2023 earnings released: EPS: JP¥57.45 (vs JP¥14.09 in 2Q 2022) Second quarter 2023 results: EPS: JP¥57.45 (up from JP¥14.09 in 2Q 2022). Revenue: JP¥14.9b (up 45% from 2Q 2022). Net income: JP¥3.16b (up 308% from 2Q 2022). Profit margin: 21% (up from 7.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% 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 47% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 14
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,526, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 30x in the Personal Products industry in Japan. Total returns to shareholders of 109% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,942 per share. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥1,308, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 27x in the Personal Products industry in Japan. Total returns to shareholders of 85% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,142 per share. Price Target Changed • Nov 16
Price target increased to JP¥1,700 Up from JP¥1,500, the current price target is an average from 2 analysts. New target price is 54% above last closing price of JP¥1,106. Stock is down 3.5% over the past year. The company is forecast to post earnings per share of JP¥109 for next year compared to JP¥102 last 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. 8 highly experienced directors. No independent directors (8 non-independent directors). External Director Michiko Shigeno was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Oct 21
Upcoming dividend of JP¥4.25 per share Eligible shareholders must have bought the stock before 28 October 2022. Payment date: 05 January 2023. Payout ratio is a comfortable 4.4% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%). Announcement • Oct 02
Ya-Man Ltd. to Report Q2, 2023 Results on Dec 13, 2022 Ya-Man Ltd. announced that they will report Q2, 2023 results on Dec 13, 2022 Reported Earnings • Sep 15
First quarter 2023 earnings released: EPS: JP¥25.11 (vs JP¥36.73 in 1Q 2022) First quarter 2023 results: EPS: JP¥25.11 (down from JP¥36.73 in 1Q 2022). Revenue: JP¥11.7b (up 9.9% from 1Q 2022). Net income: JP¥1.38b (down 32% from 1Q 2022). Profit margin: 12% (down from 19% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% 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 increased by 41% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 03
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥102 (up from JP¥67.74 in FY 2021). Revenue: JP¥40.9b (up 12% from FY 2021). Net income: JP¥5.59b (up 50% from FY 2021). Profit margin: 14% (up from 10% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Over the next year, revenue is forecast to grow 15%, compared to a 4.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jul 28
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate increased from JP¥99.55 to JP¥110. Revenue forecast unchanged at JP¥46.9b. Net income forecast to grow 8.0% next year vs 2.4% growth forecast for Personal Products industry in Japan. Consensus price target of JP¥1,700 unchanged from last update. Share price fell 6.1% to JP¥1,569 over the past week. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improved over the past week After last week's 28% share price gain to JP¥1,581, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Personal Products industry in Japan. Total returns to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,696 per share. Announcement • Jun 16
Ya-Man Ltd., Annual General Meeting, Jul 28, 2022 Ya-Man Ltd., Annual General Meeting, Jul 28, 2022. Reported Earnings • Jun 16
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥102 (up from JP¥67.74 in FY 2021). Revenue: JP¥40.9b (up 12% from FY 2021). Net income: JP¥5.59b (up 50% from FY 2021). Profit margin: 14% (up from 10% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Over the next year, revenue is forecast to grow 13%, compared to a 4.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,243, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 20x in the Personal Products industry in Japan. Total returns to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,046 per share. Price Target Changed • Apr 27
Price target decreased to JP¥1,500 Down from JP¥1,800, the current price target is an average from 3 analysts. New target price is 24% above last closing price of JP¥1,214. Stock is down 19% over the past year. The company is forecast to post earnings per share of JP¥84.83 for next year compared to JP¥67.74 last year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. No independent directors (8 non-independent directors). External Director Michiko Shigeno was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Apr 20
Upcoming dividend of JP¥2.00 per share Eligible shareholders must have bought the stock before 27 April 2022. Payment date: 30 July 2022. Payout ratio is a comfortable 4.3% but the company is paying out more than the cash it is generating. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.8%).