Reported Earnings • May 09
First quarter 2026 earnings released: EPS: JP¥1.63 (vs JP¥5.88 in 1Q 2025) First quarter 2026 results: EPS: JP¥1.63 (down from JP¥5.88 in 1Q 2025). Revenue: JP¥1.73b (down 6.6% from 1Q 2025). Net income: JP¥108.0m (down 72% from 1Q 2025). Profit margin: 6.2% (down from 21% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. Announcement • May 08
FAN Communications, Inc. to Report Q1, 2026 Results on May 08, 2026 FAN Communications, Inc. announced that they will report Q1, 2026 results on May 08, 2026 Declared Dividend • Apr 11
Final dividend of JP¥10.50 announced Shareholders will receive a dividend of JP¥10.50. Ex-date: 29th June 2026 Payment date: 1st January 1970 Dividend yield will be 6.6%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio). However, it is covered by cash flows (72% cash payout ratio). The dividend has increased by an average of 1.6% 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. The company's earnings per share (EPS) would need to grow by 7.0% to bring the payout ratio under control. However, EPS is expected to decline by 23% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 4 highly experienced directors. Executive Officer, GM of A8 Division, GM of New Development Division, A8 Division & Director Masato Kato was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 10
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥19.73 (down from JP¥21.42 in FY 2024). Revenue: JP¥7.10b (up 1.9% from FY 2024). Net income: JP¥1.31b (down 7.9% from FY 2024). Profit margin: 18% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to stay flat during the next 3 years compared to a 4.7% growth forecast for the Media 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 increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 March 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Announcement • Dec 03
FAN Communications, Inc. to Report Fiscal Year 2025 Results on Feb 09, 2026 FAN Communications, Inc. announced that they will report fiscal year 2025 results on Feb 09, 2026 Buy Or Sell Opportunity • Dec 03
Now 20% undervalued Over the last 90 days, the stock has risen 1.7% to JP¥534. The fair value is estimated to be JP¥670, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to decline by 0.9% per annum. Earnings are also forecast to decline by 7.5% per annum over the same time period. Reported Earnings • Nov 12
Third quarter 2025 earnings released: EPS: JP¥4.77 (vs JP¥2.49 in 3Q 2024) Third quarter 2025 results: EPS: JP¥4.77 (up from JP¥2.49 in 3Q 2024). Revenue: JP¥1.78b (up 1.0% from 3Q 2024). Net income: JP¥316.0m (up 92% from 3Q 2024). Profit margin: 18% (up from 9.4% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Declared Dividend • Sep 30
First half dividend of JP¥19.00 announced Dividend of JP¥19.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 27th March 2026 Dividend yield will be 5.2%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not covered by earnings (140% earnings payout ratio) nor is it covered by cash flows (104% cash payout ratio). The dividend has increased by an average of 4.7% 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. The company's earnings per share (EPS) would need to grow by 55% to bring the payout ratio under control. However, EPS is expected to decline by 15% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Buy Or Sell Opportunity • Sep 29
Now 20% undervalued Over the last 90 days, the stock has risen 17% to JP¥518. The fair value is estimated to be JP¥648, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has declined by 4.0%. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings are also forecast to decline by 5.2% per annum over the same time period. Buy Or Sell Opportunity • Sep 12
Now 20% undervalued Over the last 90 days, the stock has risen 23% to JP¥518. The fair value is estimated to be JP¥648, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has declined by 4.0%. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings are also forecast to decline by 5.2% per annum over the same time period. Announcement • Sep 04
FAN Communications, Inc. to Report Q3, 2025 Results on Nov 10, 2025 FAN Communications, Inc. announced that they will report Q3, 2025 results on Nov 10, 2025 Buy Or Sell Opportunity • Aug 13
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to JP¥511. The fair value is estimated to be JP¥425, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has declined by 4.0%. For the next 3 years, revenue is forecast to decline by 0.8% per annum. Earnings are also forecast to decline by 5.2% per annum over the same time period. Reported Earnings • Aug 09
Second quarter 2025 earnings released: EPS: JP¥4.58 (vs JP¥4.76 in 2Q 2024) Second quarter 2025 results: EPS: JP¥4.58 (down from JP¥4.76 in 2Q 2024). Revenue: JP¥1.79b (up 5.1% from 2Q 2024). Net income: JP¥303.3m (down 3.7% from 2Q 2024). Profit margin: 17% (down from 19% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 6.3% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jun 27
FAN Communications, Inc. to Report Q2, 2025 Results on Aug 08, 2025 FAN Communications, Inc. announced that they will report Q2, 2025 results on Aug 08, 2025 Announcement • Jun 20
FAN Communications, Inc. Announces Board Changes, Effective July 20, 2025 FAN Communications, Inc. announced that at the Board of Directors meeting held on June 20, 2025, it was resolved that the following organizational and personnel changes will be made, effective July 1, 2025. The Finance Accounting Division and Legal and Administration Division will be integrated to establish a new Corporate Management Division. The Information Systems Division will be renamed the Corporate IT Division. The Data Strategy Division will be renamed the DX Division. Personnel changes include Takashi Yoshinaga continuing as Executive Officer and Head of Corporate Department, and General Manager of Human Resource Division. Shintaro Mimura will become General Manager of Corporate Management Division, Corporate Department, from his current roles as General Manager of Finance Accounting Division and General Manager of Legal and Administration Division, Corporate Department. Takashi Yoshinaga from Executive Officer, Head of Corporate Department General Manager, Human Resource Division General Manager, Business Support Division to Executive Officer, Head of Corporate Department General Manager, Human Resource Division; Shintaro Mimura from General Manager, Finance Account ing Division, Corporate Departmen t. General Manager, Legal and Admi nistration Division, Corporate Department to General Manager, Corporate Management Division, Corporate Department; Tatsuaki Yamanaka from General Manager, Information Systems Division, Corporate Department to General Manager, Corporate IT Division, Corporate Department; Akihiro Kumata from Manager, Support Team, Business Support Division to General Manager, Business Support Division; Kenjiro Asami from General Manager, Data Strategy Division to General Manager, DX Division. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 29 September 2025. Payout ratio is on the higher end at 97%, and the cash payout ratio is above 100%. Trailing yield: 6.3%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.1%). Reported Earnings • May 09
First quarter 2025 earnings released: EPS: JP¥5.87 (vs JP¥7.77 in 1Q 2024) First quarter 2025 results: EPS: JP¥5.87 (down from JP¥7.77 in 1Q 2024). Revenue: JP¥1.86b (up 9.0% from 1Q 2024). Net income: JP¥389.0m (down 25% from 1Q 2024). Profit margin: 21% (down from 30% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 10% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has remained flat. Announcement • Apr 18
FAN Communications, Inc. Announces Interim Commemorative Dividend, Payable September 29, 2025 FAN Communications, Inc. announced to implement an interim commemorative dividend of ¥8.00 per share. Record Date: June 30, 2025, Total amount of dividends: ¥529 million and Effective date: September 29, 2025. Announcement • Mar 29
FAN Communications, Inc. to Report Q1, 2025 Results on May 08, 2025 FAN Communications, Inc. announced that they will report Q1, 2025 results on May 08, 2025 Reported Earnings • Feb 12
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥21.42 (up from JP¥18.61 in FY 2023). Revenue: JP¥6.96b (down 5.9% from FY 2023). Net income: JP¥1.42b (up 15% from FY 2023). Profit margin: 20% (up from 17% in FY 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.2%. Revenue is forecast to stay flat during the next 3 years compared to a 4.3% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has increased by 1% per year. Announcement • Feb 10
FAN Communications, Inc., Annual General Meeting, Mar 26, 2025 FAN Communications, Inc., Annual General Meeting, Mar 26, 2025. Announcement • Jan 03
FAN Communications, Inc. to Report Fiscal Year 2024 Results on Feb 10, 2025 FAN Communications, Inc. announced that they will report fiscal year 2024 results on Feb 10, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.3%). Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: JP¥2.49 (vs JP¥5.57 in 3Q 2023) Third quarter 2024 results: EPS: JP¥2.49 (down from JP¥5.57 in 3Q 2023). Revenue: JP¥1.76b (down 2.3% from 3Q 2023). Net income: JP¥165.0m (down 55% from 3Q 2023). Profit margin: 9.4% (down from 21% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 3.8% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 2% per year. Announcement • Sep 27
FAN Communications, Inc. to Report Q3, 2024 Results on Nov 08, 2024 FAN Communications, Inc. announced that they will report Q3, 2024 results on Nov 08, 2024 Reported Earnings • Aug 13
First half 2024 earnings released: EPS: JP¥12.53 (vs JP¥9.09 in 1H 2023) First half 2024 results: EPS: JP¥12.53 (up from JP¥9.09 in 1H 2023). Revenue: JP¥3.40b (down 9.6% from 1H 2023). Net income: JP¥830.0m (up 38% from 1H 2023). Profit margin: 24% (up from 16% in 1H 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Declared Dividend • Aug 10
Dividend of JP¥19.00 announced Dividend of JP¥19.00 is the same as last year. Ex-date: 27th December 2024 Payment date: 28th March 2025 Dividend yield will be 4.8%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is not adequately covered by earnings (93% earnings payout ratio) nor is it adequately covered by cash flows (94% cash payout ratio). The dividend has increased by an average of 13% 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. The company's earnings per share (EPS) would need to grow by 2.9% to bring the payout ratio under control. However, EPS is expected to decline by 23% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Board Change • Jun 28
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Tokiko Maruno was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 26
FAN Communications, Inc. to Report Q2, 2024 Results on Aug 08, 2024 FAN Communications, Inc. announced that they will report Q2, 2024 results on Aug 08, 2024 Reported Earnings • May 09
First quarter 2024 earnings released: EPS: JP¥7.77 (vs JP¥5.87 in 1Q 2023) First quarter 2024 results: EPS: JP¥7.77 (up from JP¥5.87 in 1Q 2023). Revenue: JP¥1.70b (down 11% from 1Q 2023). Net income: JP¥515.0m (up 32% from 1Q 2023). Profit margin: 30% (up from 20% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.0% growth forecast for the Media industry in Japan. 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 3% per year, which means it is well ahead of earnings. Major Estimate Revision • Mar 13
Consensus EPS estimates increase by 30%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from JP¥7.50b to JP¥7.00b. EPS estimate rose from JP¥17.40 to JP¥22.60. Net income forecast to grow 22% next year vs 14% growth forecast for Media industry in Japan. Consensus price target of JP¥400 unchanged from last update. Share price was steady at JP¥406 over the past week. Announcement • Mar 07
FAN Communications, Inc. to Report Q1, 2024 Results on May 08, 2024 FAN Communications, Inc. announced that they will report Q1, 2024 results on May 08, 2024 Reported Earnings • Feb 10
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥18.61 (down from JP¥22.33 in FY 2022). Revenue: JP¥7.40b (down 4.4% from FY 2022). Net income: JP¥1.23b (down 20% from FY 2022). Profit margin: 17% (down from 20% in FY 2022). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 7.0%. Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Feb 10
FAN Communications, Inc., Annual General Meeting, Mar 27, 2024 FAN Communications, Inc., Annual General Meeting, Mar 27, 2024. New Risk • Dec 28
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.4% 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 0.4% per year for the foreseeable future. Minor Risk Dividend is not well covered by earnings (106% payout ratio). Upcoming Dividend • Dec 21
Upcoming dividend of JP¥19.00 per share at 4.5% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 30 March 2024. The company is paying out more than 100% of its profits and is paying out 79% of its cash flow. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.7%). Announcement • Dec 05
FAN Communications, Inc. to Report Fiscal Year 2023 Results on Feb 08, 2024 FAN Communications, Inc. announced that they will report fiscal year 2023 results on Feb 08, 2024 Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: JP¥5.57 (vs JP¥6.59 in 3Q 2022) Third quarter 2023 results: EPS: JP¥5.57 (down from JP¥6.59 in 3Q 2022). Revenue: JP¥1.80b (down 9.1% from 3Q 2022). Net income: JP¥369.0m (down 18% from 3Q 2022). Profit margin: 21% (down from 23% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.6% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Sep 28
FAN Communications, Inc. to Report Q3, 2023 Results on Nov 08, 2023 FAN Communications, Inc. announced that they will report Q3, 2023 results on Nov 08, 2023 Major Estimate Revision • Sep 28
Consensus EPS estimates fall by 30% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥8.17b to JP¥7.60b. EPS estimate also fell from JP¥25.70 per share to JP¥18.10 per share. Net income forecast to shrink 5.2% next year vs 16% growth forecast for Media industry in Japan . Consensus price target down from JP¥490 to JP¥420. Share price was steady at JP¥397 over the past week. New Risk • Aug 10
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 100% Dividend yield: 4.8% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 09
Second quarter 2023 earnings released: EPS: JP¥3.22 (vs JP¥6.88 in 2Q 2022) Second quarter 2023 results: EPS: JP¥3.22 (down from JP¥6.88 in 2Q 2022). Revenue: JP¥1.85b (down 7.6% from 2Q 2022). Net income: JP¥213.0m (down 55% from 2Q 2022). Profit margin: 12% (down from 24% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Jun 29
FAN Communications, Inc. to Report Q2, 2023 Results on Aug 08, 2023 FAN Communications, Inc. announced that they will report Q2, 2023 results on Aug 08, 2023 Price Target Changed • Jun 06
Price target increased by 13% to JP¥490 Up from JP¥435, the current price target is provided by 1 analyst. New target price is 23% above last closing price of JP¥400. Stock is down 0.7% over the past year. The company is forecast to post earnings per share of JP¥25.60 for next year compared to JP¥22.33 last year. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: JP¥5.87 (vs JP¥5.59 in 1Q 2022) First quarter 2023 results: EPS: JP¥5.87. Revenue: JP¥1.92b (up 4.5% from 1Q 2022). Net income: JP¥389.0m (down 1.5% from 1Q 2022). Profit margin: 20% (down from 22% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Reported Earnings • Apr 01
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥22.33 (down from JP¥22.63 in FY 2021). Revenue: JP¥7.74b (down 71% from FY 2021). Net income: JP¥1.54b (down 6.2% from FY 2021). Profit margin: 20% (up from 6.1% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Buying Opportunity • Mar 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.4%. The fair value is estimated to be JP¥503, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 31% over the last 3 years. Earnings per share has declined by 15%. For the next 3 years, revenue is forecast to grow by 9.1% per annum. Earnings is also forecast to grow by 2.2% per annum over the same time period. Reported Earnings • Feb 10
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥22.33 (down from JP¥22.63 in FY 2021). Revenue: JP¥7.74b (down 71% from FY 2021). Net income: JP¥1.54b (down 6.2% from FY 2021). Profit margin: 20% (up from 6.1% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Dec 28
FAN Communications, Inc. to Report Fiscal Year 2022 Results on Feb 08, 2023 FAN Communications, Inc. announced that they will report fiscal year 2022 results on Feb 08, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 30 March 2023. Payout ratio and cash payout ratio are on the higher end at 83% and 75% respectively. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.7%). Reported Earnings • Nov 18
Third quarter 2022 earnings released: EPS: JP¥6.59 (vs JP¥5.47 in 3Q 2021) Third quarter 2022 results: EPS: JP¥6.59 (up from JP¥5.47 in 3Q 2021). Revenue: JP¥1.98b (down 69% from 3Q 2021). Net income: JP¥449.0m (up 14% from 3Q 2021). Profit margin: 23% (up from 6.1% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Director Satoshi Hoyano was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Third quarter 2022 earnings released: EPS: JP¥6.59 (vs JP¥5.47 in 3Q 2021) Third quarter 2022 results: EPS: JP¥6.59 (up from JP¥5.47 in 3Q 2021). Revenue: JP¥1.98b (down 69% from 3Q 2021). Net income: JP¥449.0m (up 14% from 3Q 2021). Profit margin: 23% (up from 6.1% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Sep 28
FAN Communications, Inc. to Report Q3, 2022 Results on Nov 08, 2022 FAN Communications, Inc. announced that they will report Q3, 2022 results on Nov 08, 2022 Announcement • Aug 09
FAN Communications, Inc. (TSE:2461) announces an Equity Buyback for 3,000,000 shares, representing 4.38% for ¥1,000 million. FAN Communications, Inc. (TSE:2461) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 4.38% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,000 million. The purpose of the program is to implement agile capital policies and further return profits to shareholders. The program will be valid till January 9, 2023. As of June 30, 2022, the company had 68,546,831 issued shares (excluding treasury stock) and 8,383,201 treasury shares. Reported Earnings • Aug 09
Second quarter 2022 earnings released: EPS: JP¥6.88 (vs JP¥7.12 in 2Q 2021) Second quarter 2022 results: EPS: JP¥6.88 (down from JP¥7.12 in 2Q 2021). Revenue: JP¥2.00b (down 72% from 2Q 2021). Net income: JP¥476.0m (down 8.8% from 2Q 2021). Profit margin: 24% (up from 7.2% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is expected to shrink by 53% compared to a 6.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Announcement • Jun 11
FAN Communications, Inc. to Report Q2, 2022 Results on Aug 08, 2022 FAN Communications, Inc. announced that they will report Q2, 2022 results on Aug 08, 2022 Major Estimate Revision • May 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥23.08 to JP¥25.88. Revenue forecast unchanged at JP¥7.73b. Net income forecast to grow 15% next year vs 8.0% growth forecast for Media industry in Japan. Consensus price target of JP¥445 unchanged from last update. Share price was steady at JP¥424 over the past week. Reported Earnings • May 11
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: JP¥5.59 (down from JP¥6.09 in 1Q 2021). Revenue: JP¥1.84b (down 73% from 1Q 2021). Net income: JP¥395.0m (down 12% from 1Q 2021). Profit margin: 22% (up from 6.5% in 1Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 6.9%. Over the next year, revenue is expected to shrink by 56% compared to a 4.3% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Director Satoshi Hoyano was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 07
FAN Communications, Inc. to Report Q1, 2022 Results on May 09, 2022 FAN Communications, Inc. announced that they will report Q1, 2022 results on May 09, 2022 Buying Opportunity • Mar 31
Now 21% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be JP¥547, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to decline by 11% per annum. Earnings is forecast to grow by 0.08% per annum over the same time period. Announcement • Feb 19
FAN Communications, Inc. (TSE:2461) announces an Equity Buyback for 3,000,000 shares, representing 4.23% for ¥1,000 million. FAN Communications, Inc. (TSE:2461) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 4.23% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,000 million. The purpose of the program is to implement agile capital policies and further return profits to shareholders. The program will be valid till July 21, 2022. As of December 31, 2021, the company had 70,904,031 issued shares (excluding treasury stock) and 6,026,001 treasury shares. Major Estimate Revision • Feb 15
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from JP¥27.9b to JP¥7.73b. EPS estimate increased from JP¥23.32 to JP¥24.35 per share. Net income forecast to grow 6.9% next year vs 6.2% growth forecast for Media industry in Japan. Consensus price target of JP¥440 unchanged from last update. Share price was steady at JP¥382 over the past week. Reported Earnings • Feb 09
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: JP¥22.63 (down from JP¥26.94 in FY 2020). Revenue: JP¥26.7b (down 9.1% from FY 2020). Net income: JP¥1.64b (down 18% from FY 2020). Profit margin: 6.1% (down from 6.8% in FY 2020). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 6.1% while the industry in Japan is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 10% per year. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio and cash payout ratio are on the higher end at 81% and 86% respectively. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.9%). Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS JP¥5.47 (vs JP¥5.45 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: JP¥6.41b (down 13% from 3Q 2020). Net income: JP¥393.0m (down 1.7% from 3Q 2020). Profit margin: 6.1% (up from 5.4% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year and the company’s share price has also fallen by 13% per year. Reported Earnings • Aug 15
Second quarter 2021 earnings released: EPS JP¥7.12 (vs JP¥8.96 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥7.22b (down 5.6% from 2Q 2020). Net income: JP¥522.0m (down 21% from 2Q 2020). Profit margin: 7.2% (down from 8.6% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 14% per year. Announcement • Jun 18
FAN Communications, Inc. (TSE:2461) announces an Equity Buyback for 3,000,000 shares, representing 4.09% for ¥1,000 million. FAN Communications, Inc. (TSE:2461) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 4.09% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,000 million. The purpose of the program is to implement agile capital policies and further return profits to shareholders. The program will be valid till October 18, 2021. As of May 31, 2021, the company had 73,345,031 issued shares (excluding treasury stock) and 3,585,001 treasury shares. Reported Earnings • May 12
First quarter 2021 earnings released: EPS JP¥6.09 (vs JP¥7.75 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥6.84b (down 12% from 1Q 2020). Net income: JP¥447.0m (down 24% from 1Q 2020). Profit margin: 6.5% (down from 7.5% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 20% per year. Announcement • Mar 21
FAN Communications, Inc. to Report Q1, 2021 Results on May 10, 2021 FAN Communications, Inc. announced that they will report Q1, 2021 results on May 10, 2021 Price Target Changed • Mar 17
Price target decreased to JP¥500 Down from JP¥585, the current price target is an average from 3 analysts. New target price is 18% above last closing price of JP¥424. Stock is up 13% over the past year. Is New 90 Day High Low • Feb 24
New 90-day low: JP¥396 The company is down 5.0% from its price of JP¥416 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥741 per share. Major Estimate Revision • Feb 15
Analysts lower EPS estimates to JP¥23.31 The 2021 consensus revenue estimate was lowered from JP¥30.3b to JP¥27.7b. Earning per share (EPS) estimate was also lowered from JP¥28.33 to JP¥23.31 for the same period. Net income is expected to shrink by 14% next year compared to 9.5% growth forecast for the Media industry in Japan . The consensus price target of JP¥585 was unchanged from the last update. Share price is down by 1.7% to JP¥413 over the past week. Reported Earnings • Feb 10
Full year 2020 earnings released: EPS JP¥26.94 (vs JP¥32.84 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥29.4b (down 14% from FY 2019). Net income: JP¥1.99b (down 20% from FY 2019). Profit margin: 6.8% (down from 7.3% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 17% per year.