Declared Dividend • Aug 08
Dividend of JP¥31.00 announced Shareholders will receive a dividend of JP¥31.00. Ex-date: 29th December 2026 Payment date: 31st March 2027 Dividend yield will be 2.9%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (20% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 10.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to decline by 78% to shift the payout ratio to a potentially unsustainable range, which is more than the 9.2% EPS decline seen over the last 5 years. Reported Earnings • Aug 07
Second quarter 2026 earnings released: EPS: JP¥35.10 (vs JP¥31.33 in 2Q 2025) Second quarter 2026 results: EPS: JP¥35.10 (up from JP¥31.33 in 2Q 2025). Revenue: JP¥9.58b (up 1.9% from 2Q 2025). Net income: JP¥377.0m (up 11% from 2Q 2025). Profit margin: 3.9% (up from 3.6% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Jun 01
CL Holdings Inc. to Report Q2, 2026 Results on Aug 06, 2026 CL Holdings Inc. announced that they will report Q2, 2026 results on Aug 06, 2026 Reported Earnings • May 09
First quarter 2026 earnings released: EPS: JP¥11.93 (vs JP¥17.43 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥11.93 (up from JP¥17.43 loss in 1Q 2025). Revenue: JP¥8.31b (up 7.9% from 1Q 2025). Net income: JP¥128.0m (up JP¥318.0m from 1Q 2025). Profit margin: 1.5% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • May 08
CL Holdings Inc. to Report Q1, 2026 Results on May 08, 2026 CL Holdings Inc. announced that they will report Q1, 2026 results on May 08, 2026 New Risk • Mar 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (112% cash payout ratio). Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (JP¥10.8b market cap, or US$67.5m). New Risk • Mar 18
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 112% Dividend yield: 2.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 36% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (112% cash payout ratio). Market cap is less than US$100m (JP¥10.9b market cap, or US$68.2m). Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥58.13 (vs JP¥16.06 in FY 2024) Full year 2025 results: EPS: JP¥58.13 (up from JP¥16.06 in FY 2024). Revenue: JP¥39.0b (up 1.9% from FY 2024). Net income: JP¥629.0m (up 284% from FY 2024). Profit margin: 1.6% (up from 0.4% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Feb 13
CL Holdings Inc., Annual General Meeting, Mar 30, 2026 CL Holdings Inc., Annual General Meeting, Mar 30, 2026. New Risk • Jan 06
New major risk - Revenue and earnings growth Earnings have declined by 39% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 39% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (JP¥11.4b market cap, or US$73.1m). Upcoming Dividend • Dec 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 31 March 2026. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%). Announcement • Dec 04
CL Holdings Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026 CL Holdings Inc. announced that they will report fiscal year 2025 results on Feb 13, 2026 Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥1,139, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 19x in the Media industry in Japan. Total returns to shareholders of 43% over the past three years. New Risk • Nov 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 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (JP¥11.5b market cap, or US$74.8m). Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: JP¥16.26 (vs JP¥5.89 in 3Q 2024) Third quarter 2025 results: EPS: JP¥16.26 (up from JP¥5.89 in 3Q 2024). Revenue: JP¥8.70b (up 5.5% from 3Q 2024). Net income: JP¥175.0m (up 192% from 3Q 2024). Profit margin: 2.0% (up from 0.7% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average 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 22% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Sep 01
CL Holdings Inc. to Report Q3, 2025 Results on Nov 07, 2025 CL Holdings Inc. announced that they will report Q3, 2025 results on Nov 07, 2025 Declared Dividend • Aug 09
Dividend of JP¥16.00 announced Shareholders will receive a dividend of JP¥16.00. Ex-date: 29th December 2025 Payment date: 31st March 2026 Dividend yield will be 1.8%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (7% cash payout ratio). The dividend has increased by an average of 9.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 159% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: JP¥31.33 (vs JP¥11.20 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥31.33 (up from JP¥11.20 loss in 2Q 2024). Revenue: JP¥9.40b (up 2.8% from 2Q 2024). Net income: JP¥341.0m (up JP¥455.0m from 2Q 2024). Profit margin: 3.6% (up from net loss in 2Q 2024). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • May 31
CL Holdings Inc. to Report Q2, 2025 Results on Aug 07, 2025 CL Holdings Inc. announced that they will report Q2, 2025 results on Aug 07, 2025 Reported Earnings • May 10
First quarter 2025 earnings released: JP¥17.43 loss per share (vs JP¥21.66 profit in 1Q 2024) First quarter 2025 results: JP¥17.43 loss per share (down from JP¥21.66 profit in 1Q 2024). Revenue: JP¥7.70b (down 16% from 1Q 2024). Net loss: JP¥190.0m (down 186% from profit in 1Q 2024). Revenue is forecast to grow 3.4% p.a. on average 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 36% 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. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥670, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Media industry in Japan. Total loss to shareholders of 40% over the past three years. Reported Earnings • Apr 05
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥16.06 (down from JP¥50.25 in FY 2023). Revenue: JP¥38.3b (up 5.3% from FY 2023). Net income: JP¥164.0m (down 68% from FY 2023). Profit margin: 0.4% (down from 1.4% in FY 2023). Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 25%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Mar 27
CL Holdings Inc. to Report Q1, 2025 Results on May 09, 2025 CL Holdings Inc. announced that they will report Q1, 2025 results on May 09, 2025 Major Estimate Revision • Feb 21
Consensus EPS estimates increase by 76%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from JP¥42.0b to JP¥39.5b. EPS estimate rose from JP¥25.50 to JP¥44.90. Net income forecast to grow 199% next year vs 16% growth forecast for Media industry in Japan. Consensus price target of JP¥1,000 unchanged from last update. Share price rose 6.0% to JP¥780 over the past week. New Risk • Feb 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: 0.4% Last year net profit margin: 1.4% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (JP¥8.02b market cap, or US$52.7m). Announcement • Feb 14
CL Holdings Inc., Annual General Meeting, Mar 28, 2025 CL Holdings Inc., Annual General Meeting, Mar 28, 2025. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥713, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Media industry in Japan. Total loss to shareholders of 46% over the past three years. Announcement • Dec 04
CL Holdings Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025 CL Holdings Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025 Major Estimate Revision • Nov 20
Consensus EPS estimates fall by 63% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥41.5b to JP¥39.8b. EPS estimate also fell from JP¥57.90 per share to JP¥21.60 per share. Net income forecast to shrink 38% next year vs 10% growth forecast for Media industry in Japan . Consensus price target down from JP¥1,600 to JP¥1,000. Share price fell 2.3% to JP¥859 over the past week. New Risk • Nov 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.1% 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 Risks Earnings are forecast to decline by an average of 3.1% per year for the foreseeable future. High level of non-cash earnings (43% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (JP¥8.66b market cap, or US$56.2m). Reported Earnings • Nov 10
Third quarter 2024 earnings released: EPS: JP¥5.89 (vs JP¥25.30 in 3Q 2023) Third quarter 2024 results: EPS: JP¥5.89 (down from JP¥25.30 in 3Q 2023). Revenue: JP¥8.25b (down 11% from 3Q 2023). Net income: JP¥60.0m (down 77% from 3Q 2023). Profit margin: 0.7% (down from 2.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.8% p.a. on average 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 37% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Oct 10
CL Holdings Inc. (TSE:4286) agreed to acquire remaining 7.74% stake in CDG Co., Ltd. (TSE:2487) for approximately ¥740 million. CL Holdings Inc. (TSE:4286) agreed to acquire remaining 7.74% stake in CDG Co., Ltd. (TSE:2487) for approximately ¥740 million on October 9, 2024. Upon completion, CL Holdings Inc. will own 100% stake in CDG Co., Ltd. The Board of Directors of CDG Co., Ltd. formed a special committee for the transaction. The expected completion of the transaction is December 16, 2024. Uruma & Co., Ltd. acted as legal advisor for CL Holdings Inc. Oh-Ebashi LPC & Partners acted as legal advisor for CDG Co., Ltd. KPMG AZSA LLC, Oh-Ebashi LPC & Partners and KPMG Tax Corporation acted as due diligence provider for CDG Co., Ltd. and the Special Committee. CL Holdings appointed SBI Securities Co., Ltd. as a financial advisor and Urushima Sogo Law Office as a legal advisor. CDG appointed IR Japan Co., Ltd. as a financial advisor. Announcement • Aug 28
CL Holdings Inc. to Report Q3, 2024 Results on Nov 08, 2024 CL Holdings Inc. announced that they will report Q3, 2024 results on Nov 08, 2024 Price Target Changed • Aug 17
Price target decreased by 20% to JP¥1,600 Down from JP¥2,000, the current price target is provided by 1 analyst. New target price is 57% above last closing price of JP¥1,016. Stock is up 28% over the past year. The company is forecast to post earnings per share of JP¥57.90 for next year compared to JP¥50.25 last year. Major Estimate Revision • Aug 17
Consensus EPS estimates fall by 41% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥97.40 to JP¥57.90 per share. Revenue forecast steady at JP¥41.5b. Net income forecast to grow 6.9% next year vs 8.3% growth forecast for Media industry in Japan. Consensus price target down from JP¥2,000 to JP¥1,600. Share price fell 12% to JP¥1,016 over the past week. Declared Dividend • Aug 10
Dividend increased to JP¥27.00 Dividend of JP¥27.00 is 69% higher than last year. Ex-date: 27th December 2024 Payment date: 31st March 2025 Dividend yield will be 2.3%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but the company has 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 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥1,133, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Media industry in Japan. Total loss to shareholders of 43% over the past three years. New Risk • Jul 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.7% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥14.9b market cap, or US$94.0m). Buy Or Sell Opportunity • Jul 16
Now 27% undervalued Over the last 90 days, the stock has risen 10% to JP¥1,464. The fair value is estimated to be JP¥1,996, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has declined by 50%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 51% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,683, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Media industry in Japan. Total loss to shareholders of 33% over the past three years. Announcement • Jun 28
CL Holdings Inc. to Report Q2, 2024 Results on Aug 08, 2024 CL Holdings Inc. announced that they will report Q2, 2024 results on Aug 08, 2024 Reported Earnings • May 12
First quarter 2024 earnings released: EPS: JP¥21.66 (vs JP¥3.55 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥21.66 (up from JP¥3.55 loss in 1Q 2023). Revenue: JP¥9.14b (up 34% from 1Q 2023). Net income: JP¥220.0m (up JP¥256.0m from 1Q 2023). Profit margin: 2.4% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average 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 50% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. New Risk • Apr 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (JP¥12.8b market cap, or US$84.2m). Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,171, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the Media industry in Japan. Total loss to shareholders of 28% over the past three years. Announcement • Mar 08
CL Holdings Inc. to Report Q1, 2024 Results on May 10, 2024 CL Holdings Inc. announced that they will report Q1, 2024 results on May 10, 2024 Major Estimate Revision • Feb 22
Consensus revenue estimates increase by 17% The consensus outlook for revenues in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥35.6b to JP¥41.5b. EPS estimate increased from JP¥59.10 to JP¥88.60 per share. Net income forecast to grow 76% next year vs 9.9% growth forecast for Media industry in Japan. Consensus price target up from JP¥1,400 to JP¥1,700. Share price fell 4.7% to JP¥1,003 over the past week. Reported Earnings • Feb 20
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥50.25 (up from JP¥35.25 in FY 2022). Revenue: JP¥36.3b (up 13% from FY 2022). Net income: JP¥510.0m (up 40% from FY 2022). Profit margin: 1.4% (up from 1.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 2.3%. Revenue is forecast to stay flat during the next 2 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 57% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Feb 14
CL Holdings Inc., Annual General Meeting, Mar 28, 2024 CL Holdings Inc., Annual General Meeting, Mar 28, 2024. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥15.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.7%). Announcement • Dec 05
CL Holdings Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024 CL Holdings Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024 Major Estimate Revision • Dec 01
Consensus EPS estimates increase by 61% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from JP¥33.0b to JP¥35.0b. EPS estimate increased from JP¥30.50 to JP¥49.20 per share. Net income forecast to grow 99% next year vs 16% growth forecast for Media industry in Japan. Consensus price target up from JP¥1,300 to JP¥1,400. Share price was steady at JP¥833 over the past week. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: JP¥25.40 (vs JP¥7.14 in 3Q 2022) Third quarter 2023 results: EPS: JP¥25.40 (up from JP¥7.14 in 3Q 2022). Revenue: JP¥9.23b (up 12% from 3Q 2022). Net income: JP¥258.0m (up 253% from 3Q 2022). Profit margin: 2.8% (up from 0.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% 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 56% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Aug 30
CL Holdings Inc. to Report Q3, 2023 Results on Nov 10, 2023 CL Holdings Inc. announced that they will report Q3, 2023 results on Nov 10, 2023 Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: JP¥4.73 (vs JP¥17.80 in 2Q 2022) Second quarter 2023 results: EPS: JP¥4.73 (down from JP¥17.80 in 2Q 2022). Revenue: JP¥8.73b (up 13% from 2Q 2022). Net income: JP¥48.0m (down 74% from 2Q 2022). Profit margin: 0.5% (down from 2.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% 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 47% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Price Target Changed • Jun 08
Price target decreased by 19% to JP¥1,300 Down from JP¥1,600, the current price target is provided by 1 analyst. New target price is 47% above last closing price of JP¥882. Stock is down 13% over the past year. The company is forecast to post earnings per share of JP¥30.60 for next year compared to JP¥35.25 last year. Announcement • May 28
CL Holdings Inc. to Report Q2, 2023 Results on Aug 09, 2023 CL Holdings Inc. announced that they will report Q2, 2023 results on Aug 09, 2023 Reported Earnings • May 18
First quarter 2023 earnings released: JP¥3.55 loss per share (vs JP¥8.16 profit in 1Q 2022) First quarter 2023 results: JP¥3.55 loss per share (down from JP¥8.16 profit in 1Q 2022). Revenue: JP¥6.80b (down 1.1% from 1Q 2022). Net loss: JP¥36.0m (down 142% from profit in 1Q 2022). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 36% 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. Reported Earnings • Feb 16
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥35.25 (down from JP¥115 in FY 2021). Revenue: JP¥32.1b (up 59% from FY 2021). Net income: JP¥364.0m (down 70% from FY 2021). Profit margin: 1.1% (down from 5.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 2.2%. Revenue is forecast to grow 6.7% p.a. on average during the next 2 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 24% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Feb 14
CL Holdings Inc., Annual General Meeting, Mar 30, 2023 CL Holdings Inc., Annual General Meeting, Mar 30, 2023. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 24 March 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.7%). Announcement • Dec 06
CL Holdings Inc. to Report Fiscal Year 2022 Results on Feb 14, 2023 CL Holdings Inc. announced that they will report fiscal year 2022 results on Feb 14, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥7.14 (vs JP¥17.32 in 3Q 2021) Third quarter 2022 results: EPS: JP¥7.14 (down from JP¥17.32 in 3Q 2021). Revenue: JP¥8.28b (up 65% from 3Q 2021). Net income: JP¥73.0m (down 60% from 3Q 2021). Profit margin: 0.9% (down from 3.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 16% per 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. 2 experienced directors. 8 highly experienced directors. No independent directors (7 non-independent directors). External Director Makoto Fukui was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: JP¥7.14 (vs JP¥17.32 in 3Q 2021) Third quarter 2022 results: EPS: JP¥7.14 (down from JP¥17.32 in 3Q 2021). Revenue: JP¥8.28b (up 65% from 3Q 2021). Net income: JP¥73.0m (down 60% from 3Q 2021). Profit margin: 0.9% (down from 3.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 15% per year. Announcement • Sep 01
CL Holdings Inc. (TSE:4286) announces an Equity Buyback for 100,000 shares, representing 0.98% for ¥140 million. CL Holdings Inc. (TSE:4286) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.98% of its issued share capital (excluding treasury stock), for a total purchase price of ¥140 million. The shares will be repurchased at a price of ¥1,400 per share. The purpose of the program is to return profits to shareholders and improve capital efficiency, and to implement agile capital policies in response to changes in the business environment. The program will be valid till November 30, 2022. As of July 31, 2022, the company had 10,236,250 shares outstanding (excluding treasury shares) and 603,750 shares in its treasury. Announcement • Aug 28
CL Holdings Inc. to Report Q3, 2022 Results on Nov 11, 2022 CL Holdings Inc. announced that they will report Q3, 2022 results on Nov 11, 2022 Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: JP¥17.90 (vs JP¥35.36 in 2Q 2021) Second quarter 2022 results: EPS: JP¥17.90 (down from JP¥35.36 in 2Q 2021). Revenue: JP¥7.73b (up 52% from 2Q 2021). Net income: JP¥186.0m (down 50% from 2Q 2021). Profit margin: 2.4% (down from 7.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Announcement • Aug 04
CL Holdings Inc. to Report Q2, 2022 Results on Aug 10, 2022 CL Holdings Inc. announced that they will report Q2, 2022 results on Aug 10, 2022 Buying Opportunity • Jun 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.6%. The fair value is estimated to be JP¥1,243, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 8.9%.