Reported Earnings • Feb 15
First quarter 2026 earnings released: JP¥0.56 loss per share (vs JP¥45.14 loss in 1Q 2025) First quarter 2026 results: JP¥0.56 loss per share (improved from JP¥45.14 loss in 1Q 2025). Revenue: JP¥1.78b (up 47% from 1Q 2025). Net loss: JP¥39.0m (loss narrowed 96% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Announcement • Feb 15
Advance Create Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending September 30, 2026 Advance Create Co., Ltd. provided consolidated earnings guidance for the fiscal year ending September 30, 2026. For the year, the company expected net sales to be JPY 7,950 million, operating profit of JPY 650 million, profit attributable to owners of parent of JPY 450 million and basic loss per share of JPY 6.51. Board Change • Jan 02
High number of new and inexperienced directors There are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 2 experienced directors. 1 highly experienced director. CEO, President & Chairman Yoshiharu Hamada is the most experienced director on the board, commencing their role in 1995. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Dec 30
Advance Create Co., Ltd. to Report Q1, 2026 Results on Feb 13, 2026 Advance Create Co., Ltd. announced that they will report Q1, 2026 results on Feb 13, 2026 New Risk • Nov 21
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -JP¥4.2b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥4.2b free cash flow). Earnings have declined by 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (JP¥6.57b market cap, or US$41.7m). Reported Earnings • Nov 18
Full year 2025 earnings released: JP¥66.65 loss per share (vs JP¥102 loss in FY 2024) Full year 2025 results: JP¥66.65 loss per share (improved from JP¥102 loss in FY 2024). Revenue: JP¥6.61b (down 16% from FY 2024). Net loss: JP¥1.54b (loss narrowed 32% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 42% per year, which means it is performing significantly worse than earnings. Announcement • Nov 17
Advance Create Co., Ltd., Annual General Meeting, Dec 18, 2025 Advance Create Co., Ltd., Annual General Meeting, Dec 18, 2025. New Risk • Sep 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 43% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Negative equity (-JP¥6.8b). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Minor Risk Market cap is less than US$100m (JP¥10.7b market cap, or US$72.5m). Announcement • Sep 05
Advance Create Co., Ltd. announced that it has received ¥7.000005 billion in funding from SBI Holdings, Inc., Lifenet Insurance Company, FWD Life Insurance Company, Ltd., Broad-minded Co.,Ltd., MetLife Insurance K.K. On September 5, 2025, Advance Create Co., Ltd. closed the transaction. Announcement • Sep 02
Advance Create Co., Ltd. to Report Fiscal Year 2025 Results on Nov 13, 2025 Advance Create Co., Ltd. announced that they will report fiscal year 2025 results on Nov 13, 2025 Reported Earnings • Aug 15
Third quarter 2025 earnings released: JP¥11.51 loss per share (vs JP¥25.97 loss in 3Q 2024) Third quarter 2025 results: JP¥11.51 loss per share (improved from JP¥25.97 loss in 3Q 2024). Revenue: JP¥1.71b (down 4.2% from 3Q 2024). Net loss: JP¥258.0m (loss narrowed 55% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Announcement • Jul 02
Advance Create Co., Ltd. Revises Earnings Guidance for the Fiscal Year Ending September 30, 2025 Advance Create Co., Ltd. revised earnings guidance for the fiscal year ending September 30, 2025. For the year, the company expects net sales to be JPY 6,750 million, operating loss of JPY 560 million, profit attributable to owners of parent of JPY 1,430 million and basic earnings per share of JPY 63.83 compared to previous guidance of net sales to be JPY 7,400 million, operating loss of JPY 50 million, profit attributable to owners of parent of JPY 840 million and basic earnings per share of JPY 37.48. Reason for Revision of Full-Year Earnings Forecasts: The number of appointments made, a leading indicator in the insurance agency business, has been lower than expected, and as a net sales are expected to fall below the previous forecast, mainly due to a decrease in the number of new insurance interviews and particularly weak s at cooperative agencies. Furthermore, as announced in the "Notice Concerning Cancellation and Resetting of Record Date for the Extraordinary Meeting of Shareholders" dated June 24, 2025, the Company has been studying the implementation of capital reinforcement measures, etc. to drastically improve its financial condition, but it is taking time to study the specifics, and related costs are expected to be higher than initially expected. As a of comprehensive consideration of these circumstances, the Company expects to fall short of full-year earnings forecasts disclosed on May 15, 2025, and has revised full-year earnings forecasts. On the other hand, the year-end dividend forecast has not been changed and remains undecided. Any future changes will be promptly disclosed. Announcement • May 31
Advance Create Co., Ltd. to Report Q3, 2025 Results on Aug 13, 2025 Advance Create Co., Ltd. announced that they will report Q3, 2025 results on Aug 13, 2025 Reported Earnings • May 20
Second quarter 2025 earnings released: JP¥27.31 loss per share (vs JP¥0.87 loss in 2Q 2024) Second quarter 2025 results: JP¥27.31 loss per share (further deteriorated from JP¥0.87 loss in 2Q 2024). Revenue: JP¥1.51b (down 34% from 2Q 2024). Net loss: JP¥612.0m (loss widened JP¥593.0m from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year and the company’s share price has also fallen by 31% per year. Announcement • May 03
Advance Create Co., Ltd. to Report Q2, 2025 Results on May 15, 2025 Advance Create Co., Ltd. announced that they will report Q2, 2025 results on May 15, 2025 New Risk • Mar 01
New major risk - Negative shareholders equity The company has negative equity. Total equity: -JP¥5.0b This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (7.7% average weekly change). Negative equity (-JP¥5.0b). Earnings have declined by 51% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥12.7b market cap, or US$84.4m). Reported Earnings • Mar 01
Full year 2024 earnings released: JP¥102 loss per share (vs JP¥80.81 loss in FY 2023) Full year 2024 results: JP¥102 loss per share (further deteriorated from JP¥80.81 loss in FY 2023). Revenue: JP¥7.86b (down 23% from FY 2023). Net loss: JP¥2.25b (loss widened 27% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Announcement • Feb 28
Advance Create Co., Ltd., Annual General Meeting, Mar 25, 2025 Advance Create Co., Ltd., Annual General Meeting, Mar 25, 2025, at 10:00 Tokyo Standard Time. Location: 5-3-51 nakanoshima, kita-ku, osaka international convention center, 12th floor special conference room, osaka Japan New Risk • Feb 25
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (7.8% average weekly change). Earnings have declined by 43% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Market cap is less than US$100m (JP¥12.3b market cap, or US$82.0m). New Risk • Jan 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (7.3% average weekly change). Earnings have declined by 43% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (JP¥10.9b market cap, or US$68.9m). New Risk • Dec 10
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 5.3% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 43% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Market cap is less than US$100m (JP¥12.1b market cap, or US$79.5m). New Risk • Nov 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.3b (US$99.3m) 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 43% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥15.3b market cap, or US$99.3m). Buy Or Sell Opportunity • Nov 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to JP¥769. The fair value is estimated to be JP¥962, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Oct 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to JP¥772. The fair value is estimated to be JP¥968, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 7.9% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥17.50 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 18 December 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.3%). Announcement • Aug 29
Advance Create Co., Ltd. to Report Fiscal Year 2024 Results on Nov 13, 2024 Advance Create Co., Ltd. announced that they will report fiscal year 2024 results on Nov 13, 2024 Reported Earnings • Aug 14
Third quarter 2024 earnings released: JP¥34.54 loss per share (vs JP¥45.35 loss in 3Q 2023) Third quarter 2024 results: JP¥34.54 loss per share (improved from JP¥45.35 loss in 3Q 2023). Revenue: JP¥1.38b (down 37% from 3Q 2023). Net loss: JP¥758.0m (loss narrowed 24% from 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 100 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jul 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.1% to JP¥1,086. The fair value is estimated to be JP¥898, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jul 01
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.5% to JP¥1,078. The fair value is estimated to be JP¥897, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.6% to JP¥1,080. The fair value is estimated to be JP¥897, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.6% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 18
Second quarter 2024 earnings released: EPS: JP¥4.70 (vs JP¥31.02 in 2Q 2023) Second quarter 2024 results: EPS: JP¥4.70 (down from JP¥31.02 in 2Q 2023). Revenue: JP¥2.58b (down 31% from 2Q 2023). Net income: JP¥103.0m (down 85% from 2Q 2023). Profit margin: 4.0% (down from 18% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Declared Dividend • May 16
Dividend of JP¥17.50 announced Shareholders will receive a dividend of JP¥17.50. Ex-date: 27th September 2024 Payment date: 18th December 2024 Dividend yield will be 3.5%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥17.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 10
First quarter 2024 earnings released: EPS: JP¥1.87 (vs JP¥16.23 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥1.87 (up from JP¥16.23 loss in 1Q 2023). Revenue: JP¥2.42b (down 11% from 1Q 2023). Net income: JP¥41.0m (up JP¥396.0m from 1Q 2023). Profit margin: 1.7% (up from net loss in 1Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jan 22
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 7.3% to JP¥1,015. The fair value is estimated to be JP¥843, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Meanwhile, the company became loss making. Board Change • Jan 18
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Outside Independent Director Hidenori Shinohara was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Dec 28
Advance Create Co., Ltd. to Report Q1, 2024 Results on Feb 09, 2024 Advance Create Co., Ltd. announced that they will report Q1, 2024 results on Feb 09, 2024 Announcement • Nov 13
Advance Create Co., Ltd., Annual General Meeting, Dec 15, 2023 Advance Create Co., Ltd., Annual General Meeting, Dec 15, 2023. New Risk • Nov 12
New major risk - Revenue and earnings growth Earnings have declined by 14% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 14% per year over the past 5 years. New Risk • Oct 22
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 5.2% 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. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (5.2% average weekly change). Announcement • Oct 20
Advance Create Co., Ltd. to Report Fiscal Year 2023 Results on Nov 10, 2023 Advance Create Co., Ltd. announced that they will report fiscal year 2023 results on Nov 10, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥17.50 per share at 3.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 19 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (3.6%). New Risk • Aug 14
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 12
Third quarter 2023 earnings released: JP¥45.35 loss per share (vs JP¥10.85 profit in 3Q 2022) Third quarter 2023 results: JP¥45.35 loss per share (down from JP¥10.85 profit in 3Q 2022). Revenue: JP¥2.18b (down 25% from 3Q 2022). Net loss: JP¥993.0m (down JP¥1.23b from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • May 17
Second quarter 2023 earnings released: EPS: JP¥31.02 (vs JP¥27.34 in 2Q 2022) Second quarter 2023 results: EPS: JP¥31.02 (up from JP¥27.34 in 2Q 2022). Revenue: JP¥3.72b (up 16% from 2Q 2022). Net income: JP¥679.0m (up 14% from 2Q 2022). Profit margin: 18% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.50 per share at 3.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 01 June 2023. Payout ratio is on the higher end at 84% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (4.2%). Reported Earnings • Feb 12
First quarter 2023 earnings released: JP¥16.23 loss per share (vs JP¥7.88 profit in 1Q 2022) First quarter 2023 results: JP¥16.23 loss per share (down from JP¥7.88 profit in 1Q 2022). Revenue: JP¥2.73b (flat on 1Q 2022). Net loss: JP¥355.0m (down 305% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. Outside Independent Director Kazuko Nakata 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: Insufficient board refreshment. Announcement • Dec 29
Advance Create Co., Ltd. to Report Q1, 2023 Results on Feb 10, 2023 Advance Create Co., Ltd. announced that they will report Q1, 2023 results on Feb 10, 2023 Reported Earnings • Nov 16
Full year 2022 earnings released: EPS: JP¥59.97 (vs JP¥59.65 in FY 2021) Full year 2022 results: EPS: JP¥59.97 (up from JP¥59.65 in FY 2021). Revenue: JP¥11.9b (up 7.6% from FY 2021). Net income: JP¥1.31b (up 1.3% from FY 2021). Profit margin: 11% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Nov 13
Advance Create Co., Ltd., Annual General Meeting, Dec 16, 2022 Advance Create Co., Ltd., Annual General Meeting, Dec 16, 2022. Reported Earnings • Nov 13
Full year 2022 earnings released: EPS: JP¥59.97 (vs JP¥59.65 in FY 2021) Full year 2022 results: EPS: JP¥59.97 (up from JP¥59.65 in FY 2021). Revenue: JP¥11.9b (up 7.6% from FY 2021). Net income: JP¥1.31b (up 1.3% from FY 2021). Profit margin: 11% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥17.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 20 December 2022. Payout ratio is a comfortable 26% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.7%). Announcement • Sep 01
Advance Create Co., Ltd. to Report Q4, 2022 Results on Nov 11, 2022 Advance Create Co., Ltd. announced that they will report Q4, 2022 results on Nov 11, 2022 Reported Earnings • Aug 15
Third quarter 2022 earnings released: EPS: JP¥10.85 (vs JP¥12.16 in 3Q 2021) Third quarter 2022 results: EPS: JP¥10.85 (down from JP¥12.16 in 3Q 2021). Revenue: JP¥2.90b (up 11% from 3Q 2021). Net income: JP¥237.0m (down 11% from 3Q 2021). Profit margin: 8.2% (down from 10% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 18
Second quarter 2022 earnings released: EPS: JP¥27.34 (vs JP¥30.95 in 2Q 2021) Second quarter 2022 results: EPS: JP¥27.34 (down from JP¥30.95 in 2Q 2021). Revenue: JP¥3.21b (flat on 2Q 2021). Net income: JP¥597.0m (down 11% from 2Q 2021). Profit margin: 19% (down from 21% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 01 June 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.8%). Reported Earnings • Feb 12
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: EPS: JP¥7.88 (up from JP¥4.28 in 1Q 2021). Revenue: JP¥2.71b (up 5.4% from 1Q 2021). Net income: JP¥173.0m (up 88% from 1Q 2021). Profit margin: 6.4% (up from 3.6% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.4%. Over the next year, revenue is forecast to grow 8.7%, compared to a 1.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 15
Full year 2021 earnings released: EPS JP¥59.65 (vs JP¥33.35 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥11.0b (up 4.8% from FY 2020). Net income: JP¥1.30b (up 85% from FY 2020). Profit margin: 12% (up from 6.7% in FY 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 21 December 2021. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (4.1%). Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥1,124, the stock trades at a trailing P/E ratio of 18.7x. Average trailing P/E is 13x in the Insurance industry in Japan. Total loss to shareholders of 3.1% over the past three years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥854, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 16x in the Insurance industry in Japan. Total loss to shareholders of 15% over the past three years. Reported Earnings • May 16
Second quarter 2021 earnings released: EPS JP¥28,436 (vs JP¥18.02 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥3.21b (up 9.1% from 2Q 2020). Net income: JP¥667.0m (up 78% from 2Q 2020). Profit margin: 21% (up from 13% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 01 June 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (3.9%). Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥2,098, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 26x in the Insurance industry in Japan. Total returns to shareholders of 12% over the past three years. Reported Earnings • Feb 14
First quarter 2021 earnings released: EPS JP¥8.56 (vs JP¥17.13 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥2.57b (down 2.5% from 1Q 2020). Net income: JP¥92.0m (down 48% from 1Q 2020). Profit margin: 3.6% (down from 6.7% in 1Q 2020). 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 1% per year. Reported Earnings • Dec 27
Full year 2020 earnings released: EPS JP¥66.70 The company reported a soft full year result with weaker earnings and profit margins, although revenues were improved. Full year 2020 results: Revenue: JP¥10.5b (up 1.4% from FY 2019). Net income: JP¥700.0m (down 17% from FY 2019). Profit margin: 6.7% (down from 8.1% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Announcement • Nov 28
Advance Create Co., Ltd. to Report Q1, 2021 Results on Feb 12, 2021 Advance Create Co., Ltd. announced that they will report Q1, 2021 results on Feb 12, 2021