Announcement • Jun 01
Oricon Inc. to Report Q1, 2027 Results on Aug 07, 2026 Oricon Inc. announced that they will report Q1, 2027 results at 9:00 AM, Tokyo Standard Time on Aug 07, 2026 Announcement • May 30
Marunouchi Capital Fund 3, a fund managed by Marunouchi Capital Inc. proposed to acquire 63.10% stake in Oricon Inc. (TSE:4800) for ¥10.9 billion. Marunouchi Capital Fund 3, a fund managed by Marunouchi Capital Inc. proposed to acquire 63.10% stake in Oricon Inc. (TSE:4800) for ¥10.9 billion on May 28, 2026. A cash consideration of ¥10.94 billion valued at ¥1332 per share will be paid by Marunouchi Capital Fund 3 and Marunouchi Capital Inc. As part of consideration, ¥10.94 billion is paid towards common equity of Oricon Inc.
The transaction is subject to minimum tender of 3.9 million shares and approval of merger agreement by target board. The deal has been recommended by the board of Oricon Inc. The Board of Directors of Oricon Inc. formed a special committee for the transaction. The tendering period will commence on May 29, 2026 and will close on July 29, 2026.
Anderson Mori & Tomotsune acted as legal advisor for Oricon Inc. AGS Consulting Co., Ltd. acted as financial advisor for Oricon Inc. Mori Hamada & Matsumoto LPC acted as legal advisor for Marunouchi Capital Inc. SMBC Nikko Securities Inc. acted as financial advisor and tender offer agent for Marunouchi Capital Inc. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to JP¥1,332, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 67% over the past three years. Buy Or Sell Opportunity • May 29
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 51% to JP¥1,332. The fair value is estimated to be JP¥1,087, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has declined by 7.1%. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. New Risk • May 11
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 7.4% 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 (7.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.9% net profit margin). Market cap is less than US$100m (JP¥12.8b market cap, or US$81.3m). New Risk • May 09
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: 9.9% Last year net profit margin: 20% 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 Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.9% net profit margin). Market cap is less than US$100m (JP¥14.5b market cap, or US$92.8m). Reported Earnings • May 09
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥48.67 (down from JP¥76.41 in FY 2025). Revenue: JP¥6.32b (up 29% from FY 2025). Net income: JP¥625.0m (down 37% from FY 2025). Profit margin: 9.9% (down from 20% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 39%. Revenue is forecast to grow 5.1% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥978, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Interactive Media and Services industry in Japan. Negligible returns to shareholders over past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥36.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥25.91 (vs JP¥24.45 in 3Q 2025) Third quarter 2026 results: EPS: JP¥25.91 (up from JP¥24.45 in 3Q 2025). Revenue: JP¥2.09b (up 74% from 3Q 2025). Net income: JP¥332.6m (up 4.7% from 3Q 2025). Profit margin: 16% (down from 26% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Interactive Media and Services 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 fallen by 4% per year. Announcement • Nov 29
Oricon Inc. to Report Q3, 2026 Results on Feb 05, 2026 Oricon Inc. announced that they will report Q3, 2026 results on Feb 05, 2026 Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥18.52 (vs JP¥12.11 in 2Q 2025) Second quarter 2026 results: EPS: JP¥18.52 (up from JP¥12.11 in 2Q 2025). Revenue: JP¥1.47b (up 26% from 2Q 2025). Net income: JP¥237.8m (up 51% from 2Q 2025). Profit margin: 16% (up from 13% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year. Announcement • Sep 02
Oricon Inc. to Report Q2, 2026 Results on Nov 06, 2025 Oricon Inc. announced that they will report Q2, 2026 results on Nov 06, 2025 Reported Earnings • Aug 06
First quarter 2026 earnings released: EPS: JP¥16.26 (vs JP¥22.67 in 1Q 2025) First quarter 2026 results: EPS: JP¥16.26 (down from JP¥22.67 in 1Q 2025). Revenue: JP¥1.33b (up 13% from 1Q 2025). Net income: JP¥209.0m (down 29% from 1Q 2025). Profit margin: 16% (down from 25% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Announcement • Jun 04
Oricon Inc. to Report Q1, 2026 Results on Aug 05, 2025 Oricon Inc. announced that they will report Q1, 2026 results on Aug 05, 2025 Reported Earnings • May 09
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥76.41 (down from JP¥79.98 in FY 2024). Revenue: JP¥4.92b (up 2.4% from FY 2024). Net income: JP¥992.0m (down 6.0% from FY 2024). Profit margin: 20% (down from 22% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 1.4%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Interactive Media and Services industry in Japan. 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 3% per year. Announcement • May 08
Oricon Inc., Annual General Meeting, Jun 26, 2025 Oricon Inc., Annual General Meeting, Jun 26, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥36.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Announcement • Mar 01
Oricon Inc. to Report Fiscal Year 2025 Results on May 08, 2025 Oricon Inc. announced that they will report fiscal year 2025 results on May 08, 2025 Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: JP¥24.47 (vs JP¥19.91 in 3Q 2024) Third quarter 2025 results: EPS: JP¥24.47 (up from JP¥19.91 in 3Q 2024). Revenue: JP¥1.21b (down 1.6% from 3Q 2024). Net income: JP¥318.0m (up 21% from 3Q 2024). Profit margin: 26% (up from 21% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Feb 05
Oricon Inc. (TSE:4800) announces an Equity Buyback for 200,000 shares, representing 1.52% for ¥200 million. Oricon Inc. (TSE:4800) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.52% of its share capital, for ¥200 million. The purpose of the program is to improve capital efficiency through investments in growth areas, enhance shareholder returns, and enable the implementation of flexible capital policies that respond to changes in the business environment. The share repurchase program will run until April 30, 2025. As of December 31, 2024, the company had 13,173,475 shares outstanding (excluding treasury shares) and 1,949,725 shares in treasury. Announcement • Nov 30
Oricon Inc. to Report Q3, 2025 Results on Feb 05, 2025 Oricon Inc. announced that they will report Q3, 2025 results on Feb 05, 2025 Declared Dividend • Nov 08
Dividend of JP¥36.00 announced Shareholders will receive a dividend of JP¥36.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 4.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 16% 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. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥12.11 (vs JP¥17.30 in 2Q 2024) Second quarter 2025 results: EPS: JP¥12.11 (down from JP¥17.30 in 2Q 2024). Revenue: JP¥1.17b (up 3.7% from 2Q 2024). Net income: JP¥157.4m (down 32% from 2Q 2024). Profit margin: 13% (down from 20% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Oct 15
Oricon Inc. (TSE:4800) acquired Shinasa, K.K. Oricon Inc. (TSE:4800) acquired Shinasa, K.K. on October 15, 2024.
Oricon Inc. (TSE:4800) completed the acquisition of Shinasa, K.K. on October 15, 2024. Announcement • Aug 27
Oricon Inc. to Report Q2, 2025 Results on Nov 06, 2024 Oricon Inc. announced that they will report Q2, 2025 results on Nov 06, 2024 Reported Earnings • Aug 07
First quarter 2025 earnings released: EPS: JP¥22.67 (vs JP¥17.90 in 1Q 2024) First quarter 2025 results: EPS: JP¥22.67 (up from JP¥17.90 in 1Q 2024). Revenue: JP¥1.17b (up 4.9% from 1Q 2024). Net income: JP¥294.6m (up 24% from 1Q 2024). Profit margin: 25% (up from 21% in 1Q 2024). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Jun 06
Oricon Inc. to Report Q1, 2025 Results on Aug 05, 2024 Oricon Inc. announced that they will report Q1, 2025 results on Aug 05, 2024 Announcement • May 10
Oricon Inc., Annual General Meeting, Jun 26, 2024 Oricon Inc., Annual General Meeting, Jun 26, 2024. Reported Earnings • May 09
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: JP¥79.98 (down from JP¥82.41 in FY 2023). Revenue: JP¥4.80b (down 1.5% from FY 2023). Net income: JP¥1.06b (down 4.6% from FY 2023). Profit margin: 22% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Apr 05
Homma Yosuke acquired StayList Inc. from Oricon Inc. (TSE:4800). Homma Yosuke acquired StayList Inc. from Oricon Inc. (TSE:4800) on April 3, 2024.Homma Yosuke completed the acquisition of StayList Inc. from Oricon Inc. (TSE:4800) on April 3, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.5%). Announcement • Mar 02
Oricon Inc. to Report Fiscal Year 2024 Results on May 08, 2024 Oricon Inc. announced that they will report fiscal year 2024 results on May 08, 2024 Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥19.91 (vs JP¥21.10 in 3Q 2023) Third quarter 2024 results: EPS: JP¥19.91 (down from JP¥21.10 in 3Q 2023). Revenue: JP¥1.23b (down 1.5% from 3Q 2023). Net income: JP¥262.0m (down 6.8% from 3Q 2023). Profit margin: 21% (down from 23% in 3Q 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Interactive Media and Services industry in Japan. 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 9% per year, which means it is significantly lagging earnings. Announcement • Nov 29
Oricon Inc. to Report Q3, 2024 Results on Feb 02, 2024 Oricon Inc. announced that they will report Q3, 2024 results on Feb 02, 2024 Announcement • Nov 07
Oricon Inc. (TSE:4800) announces an Equity Buyback for 300,000 shares, representing 2.23% for ¥300 million. Oricon Inc. (TSE:4800) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 2.23% of its share capital, for ¥300 million. The purpose of the program is to ensure financial soundness, improve capital efficiency through investment in growth fields, enhance shareholder returns, and enable flexible execution of capital policies in response to changes in the business environment. The share repurchase program will run until January 31, 2024. As of September 30, 2023, the company had 13,473,522 shares outstanding (excluding treasury shares) and 1,649,678 shares in treasury. Reported Earnings • Nov 07
Second quarter 2024 earnings released: EPS: JP¥17.30 (vs JP¥21.13 in 2Q 2023) Second quarter 2024 results: EPS: JP¥17.30 (down from JP¥21.13 in 2Q 2023). Revenue: JP¥1.13b (down 5.4% from 2Q 2023). Net income: JP¥230.0m (down 19% from 2Q 2023). Profit margin: 20% (down from 24% in 2Q 2023). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Aug 30
Oricon Inc. to Report Q2, 2024 Results on Nov 06, 2023 Oricon Inc. announced that they will report Q2, 2024 results on Nov 06, 2023 Reported Earnings • Aug 06
First quarter 2024 earnings released: EPS: JP¥17.95 (vs JP¥19.16 in 1Q 2023) First quarter 2024 results: EPS: JP¥17.95 (down from JP¥19.16 in 1Q 2023). Revenue: JP¥1.11b (down 5.2% from 1Q 2023). Net income: JP¥238.6m (down 8.2% from 1Q 2023). Profit margin: 21% (in line with 1Q 2023). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • May 31
Oricon Inc. to Report Q1, 2024 Results on Aug 04, 2023 Oricon Inc. announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • May 12
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥82.41 (up from JP¥74.17 in FY 2022). Revenue: JP¥4.88b (up 8.3% from FY 2022). Net income: JP¥1.11b (up 9.4% from FY 2022). Profit margin: 23% (in line with FY 2022). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 6.3%. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 11
Oricon Inc., Annual General Meeting, Jun 28, 2023 Oricon Inc., Annual General Meeting, Jun 28, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥24.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: JP¥21.10 (vs JP¥17.52 in 3Q 2022) Third quarter 2023 results: EPS: JP¥21.10 (up from JP¥17.52 in 3Q 2022). Revenue: JP¥1.24b (up 15% from 3Q 2022). Net income: JP¥281.0m (up 18% from 3Q 2022). Profit margin: 23% (in line with 3Q 2022). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Dec 01
Oricon Inc. to Report Q3, 2023 Results on Feb 03, 2023 Oricon Inc. announced that they will report Q3, 2023 results on Feb 03, 2023 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. 3 non-independent directors. Independent Outside Director Tsunehiro Sasanami was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 06
Second quarter 2023 earnings released: EPS: JP¥21.13 (vs JP¥16.40 in 2Q 2022) Second quarter 2023 results: EPS: JP¥21.13 (up from JP¥16.40 in 2Q 2022). Revenue: JP¥1.20b (up 6.4% from 2Q 2022). Net income: JP¥285.0m (up 28% from 2Q 2022). Profit margin: 24% (up from 20% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Aug 31
Oricon Inc. to Report Q2, 2023 Results on Nov 04, 2022 Oricon Inc. announced that they will report Q2, 2023 results on Nov 04, 2022 Announcement • Aug 24
Oricon Inc. (TSE:4800) announces an Equity Buyback for 300,000 shares, representing 2.21% for ¥360 million. Oricon Inc. (TSE:4800) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 2.21% of its share capital, for ¥360 million. The purpose of the program is to ensure financial soundness, improve capital efficiency through investment in growth fields, enhance shareholder returns, and enable flexible execution of capital policies in response to changes in the business environment. The share repurchase program will run until October 31, 2022. As of March 31, 2022, the company had 13,573,322 shares outstanding (excluding treasury shares) and 1,549,878 shares in treasury. Announcement • Aug 07
Oricon Inc. Provides Dividend Guidance for the Year End March 2023 Oricon Inc. provides dividend guidance for the year end March 2023. For the period, The company expects dividend of JPY 24 per share. Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥19.16 (vs JP¥18.53 in 1Q 2022) First quarter 2023 results: EPS: JP¥19.16 (up from JP¥18.53 in 1Q 2022). Revenue: JP¥1.18b (up 6.5% from 1Q 2022). Net income: JP¥260.0m (up 2.0% from 1Q 2022). Profit margin: 22% (down from 23% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.8%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Aug 06
Oricon Inc. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023 Oricon Inc. provided consolidated earnings guidance for the year ending March 31,2023. For the year, the company expected, net sales to be JPY 4,850 million, Operating profit to be JPY 1,650 million, Profit attributable to owners of parent to be JPY 1,070 million and Basic earnings per share to be JPY 78.83. Reported Earnings • Jun 26
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥74.17 (up from JP¥62.23 in FY 2021). Revenue: JP¥4.50b (up 12% from FY 2021). Net income: JP¥1.01b (up 18% from FY 2021). Profit margin: 23% (up from 21% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 5.6%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • May 29
Oricon Inc. to Report Q1, 2023 Results on Aug 05, 2022 Oricon Inc. announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • May 11
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥74.17 (up from JP¥62.23 in FY 2021). Revenue: JP¥4.50b (up 12% from FY 2021). Net income: JP¥1.01b (up 18% from FY 2021). Profit margin: 23% (up from 21% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 6.8%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • May 10
Oricon Inc., Annual General Meeting, Jun 22, 2022 Oricon Inc., Annual General Meeting, Jun 22, 2022. 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. 3 non-independent directors. Independent Outside Director Tsunehiro Sasanami was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Oricon Inc. to Report Fiscal Year 2022 Results on May 10, 2022 Oricon Inc. announced that they will report fiscal year 2022 results on May 10, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 07
Third quarter 2022 earnings: EPS misses analyst expectations Third quarter 2022 results: EPS: JP¥17.52 (up from JP¥12.23 in 3Q 2021). Revenue: JP¥1.08b (up 9.3% from 3Q 2021). Net income: JP¥238.0m (up 41% from 3Q 2021). Profit margin: 22% (up from 17% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Over the next year, revenue is forecast to grow 7.8%, compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 20% per year. Reported Earnings • Nov 07
Second quarter 2022 earnings released: EPS JP¥16.40 (vs JP¥18.52 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥1.12b (up 13% from 2Q 2021). Net income: JP¥223.0m (down 13% from 2Q 2021). Profit margin: 20% (down from 26% in 2Q 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 increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 06
Oricon Inc. (JASDAQ:4800) announces an Equity Buyback for 100,000 shares, for ¥15 million. Oricon Inc. (JASDAQ:4800) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.73% of its share capital, for ¥150 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment, along with enhancing shareholder returns. The share repurchase program will run until August 31, 2021. As of June 30, 2021, the company had 13,673,353 shares outstanding (excluding treasury shares) and 1,449,847 shares in treasury. Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS JP¥18.53 (vs JP¥16.80 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2022 results: Revenue: JP¥1.10b (up 14% from 1Q 2021). Net income: JP¥255.0m (up 9.9% from 1Q 2021). Profit margin: 23% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥1,041, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 35x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 204% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,366 per share. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS JP¥62.23 (vs JP¥55.65 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥4.03b (down 3.4% from FY 2020). Net income: JP¥860.0m (up 12% from FY 2020). Profit margin: 21% (up from 18% in FY 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jun 03
Price target increased to JP¥1,360 Up from JP¥1,195, the current price target is an average from 2 analysts. New target price is 22% above last closing price of JP¥1,111. Stock is up 19% over the past year. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥62.23 (vs JP¥55.65 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥4.03b (down 3.4% from FY 2020). Net income: JP¥860.0m (up 12% from FY 2020). Profit margin: 21% (up from 18% in FY 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
Oricon Inc. (JASDAQ:4800) announces an Equity Buyback for 150,000 shares, representing 1.09% for ¥225 million. Oricon Inc. (JASDAQ:4800) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 1.09% of its share capital, for ¥225 million. The company will repurchase its shares in order to enable the implementation of a flexible capital policy in response to changes in the business environment, along with enhancing shareholder returns. The share repurchase program will run until June 30, 2021. As of May 12, 2021, the company had 13,823,353 shares outstanding (excluding treasury shares) and 1,299,847 shares in treasury. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥1,079, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 31x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 239% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,294 per share. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.2%). Announcement • Mar 04
Oricon Inc. to Report Fiscal Year 2021 Results on May 11, 2021 Oricon Inc. announced that they will report fiscal year 2021 results on May 11, 2021 Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥1,129, the stock is trading at a trailing P/E ratio of 18.2x, up from the previous P/E ratio of 15.8x. This compares to an average P/E of 46x in the Interactive Media and Services industry in Japan. Total returns to shareholders over the past three years are 266%. Is New 90 Day High Low • Feb 17
New 90-day low: JP¥970 The company is down 20% from its price of JP¥1,205 on 19 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,072 per share.