Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥45.77 (vs JP¥22.56 in FY 2025) Full year 2026 results: EPS: JP¥45.77 (up from JP¥22.56 in FY 2025). Revenue: JP¥77.1b (flat on FY 2025). Net income: JP¥1.30b (up 103% from FY 2025). Profit margin: 1.7% (up from 0.8% in FY 2025). 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 3% per year. Announcement • May 15
Wowow Inc., Annual General Meeting, Jun 18, 2026 Wowow Inc., Annual General Meeting, Jun 18, 2026. Announcement • May 09
Wowow Inc. to Report Fiscal Year 2026 Results on May 15, 2026 Wowow Inc. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 03 June 2026. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥62.04 (vs JP¥30.71 in 3Q 2025) Third quarter 2026 results: EPS: JP¥62.04 (up from JP¥30.71 in 3Q 2025). Revenue: JP¥19.6b (up 2.5% from 3Q 2025). Net income: JP¥1.76b (up 102% from 3Q 2025). Profit margin: 9.0% (up from 4.5% in 3Q 2025). The increase in margin was primarily driven by higher revenue. 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 5% per year, which means it is well ahead of earnings. Announcement • Dec 03
Wowow Inc. to Report Q3, 2026 Results on Jan 30, 2026 Wowow Inc. announced that they will report Q3, 2026 results on Jan 30, 2026 Declared Dividend • Nov 02
Dividend of JP¥30.00 announced Dividend of JP¥30.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 3rd June 2026 Dividend yield will be 2.1%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (37% earnings payout ratio) and cash flows (65% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 58% to shift the payout ratio to a potentially unsustainable range, which is more than the 22% EPS decline seen over the last 5 years. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥15.89 (vs JP¥45.52 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥15.89 (up from JP¥45.52 loss in 2Q 2025). Revenue: JP¥18.9b (up 1.6% from 2Q 2025). Net income: JP¥450.0m (up JP¥1.74b from 2Q 2025). Profit margin: 2.4% (up from net loss in 2Q 2025). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,477, the stock trades at a trailing P/E ratio of 79.2x. Average trailing P/E is 17x in the Media industry in Japan. Total returns to shareholders of 19% over the past three years. New Risk • Sep 04
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 7.6% 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 (7.6% average weekly change). Earnings have declined by 34% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Announcement • Sep 03
Wowow Inc. to Report Q2, 2026 Results on Oct 31, 2025 Wowow Inc. announced that they will report Q2, 2026 results on Oct 31, 2025 Buy Or Sell Opportunity • Aug 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 75% to JP¥1,791. The fair value is estimated to be JP¥1,490, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 79%. Buy Or Sell Opportunity • Aug 07
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 77% to JP¥1,806. The fair value is estimated to be JP¥1,484, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 79%. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥35.28 (vs JP¥39.28 in 1Q 2025) First quarter 2026 results: EPS: JP¥35.28 (down from JP¥39.28 in 1Q 2025). Revenue: JP¥18.7b (flat on 1Q 2025). Net income: JP¥997.0m (down 9.9% from 1Q 2025). Profit margin: 5.3% (down from 5.9% in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. New Risk • Jul 17
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Dividend per share is over 35x earnings per share. Cash payout ratio: 0% Dividend yield: 2.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Dividend is not well covered by earnings and cash flows. Dividend per share is over 35x earnings per share. Cash payout ratio: 0% Earnings have declined by 33% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). New Risk • Jul 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 5.4% 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: Major Risk Earnings have declined by 33% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (dividend per share is over 35x earnings per share). Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Valuation Update With 7 Day Price Move • Jul 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥1,227, the stock trades at a trailing P/E ratio of 54.4x. Average trailing P/E is 17x in the Media industry in Japan. Total loss to shareholders of 9.4% over the past three years. Reported Earnings • Jun 25
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥22.56 (down from JP¥38.78 in FY 2024). Revenue: JP¥76.8b (up 2.5% from FY 2024). Net income: JP¥637.0m (down 42% from FY 2024). Profit margin: 0.8% (down from 1.5% in FY 2024). Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates by 6.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Announcement • Jun 20
Wowow Inc. to Report Q1, 2026 Results on Jul 31, 2025 Wowow Inc. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 20
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥22.56 (down from JP¥38.78 in FY 2024). Revenue: JP¥76.8b (up 2.5% from FY 2024). Net income: JP¥637.0m (down 42% from FY 2024). Profit margin: 0.8% (down from 1.5% in FY 2024). Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates by 6.1%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • May 15
Wowow Inc., Annual General Meeting, Jun 19, 2025 Wowow Inc., Annual General Meeting, Jun 19, 2025. Announcement • Mar 29
Wowow Inc. to Report Fiscal Year 2025 Results on May 15, 2025 Wowow Inc. announced that they will report fiscal year 2025 results on May 15, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 04 June 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.3%). Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥30.71 (vs JP¥36.79 in 3Q 2024) Third quarter 2025 results: EPS: JP¥30.71 (down from JP¥36.79 in 3Q 2024). Revenue: JP¥19.1b (up 1.9% from 3Q 2024). Net income: JP¥868.0m (down 16% from 3Q 2024). Profit margin: 4.5% (down from 5.5% in 3Q 2024). Revenue is expected to decline by 5.0% p.a. on average during the next 2 years, while revenues in the Media industry in Japan are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has fallen by 46% 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 • Dec 21
Wowow Inc. to Report Q3, 2025 Results on Jan 31, 2025 Wowow Inc. announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 02
Second quarter 2025 earnings released: JP¥45.52 loss per share (vs JP¥9.56 profit in 2Q 2024) Second quarter 2025 results: JP¥45.52 loss per share (down from JP¥9.56 profit in 2Q 2024). Revenue: JP¥18.6b (up 1.5% from 2Q 2024). Net loss: JP¥1.29b (down JP¥1.56b from profit in 2Q 2024). Revenue is expected to decline by 4.4% p.a. on average during the next 2 years, while revenues in the Media industry in Japan are expected to grow by 4.0%. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Announcement • Sep 25
Wowow Inc. to Report Q2, 2025 Results on Oct 31, 2024 Wowow Inc. announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥39.28 (vs JP¥16.05 in 1Q 2024) First quarter 2025 results: EPS: JP¥39.28 (up from JP¥16.05 in 1Q 2024). Revenue: JP¥18.8b (up 2.6% from 1Q 2024). Net income: JP¥1.11b (up 146% from 1Q 2024). Profit margin: 5.9% (up from 2.5% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue is expected to decline by 3.7% p.a. on average during the next 2 years, while revenues in the Media industry in Japan are expected to grow by 4.1%. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Jun 27
Wowow Inc. to Report Q1, 2025 Results on Jul 31, 2024 Wowow Inc. announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥38.78 (vs JP¥83.74 in FY 2023) Full year 2024 results: EPS: JP¥38.78 (down from JP¥83.74 in FY 2023). Revenue: JP¥74.9b (down 2.9% from FY 2023). Net income: JP¥1.09b (down 55% from FY 2023). Profit margin: 1.5% (down from 3.1% in FY 2023). The decrease in margin was driven by lower revenue. 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 22% per year, which means it is significantly lagging earnings. Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥38.78 (vs JP¥83.74 in FY 2023) Full year 2024 results: EPS: JP¥38.78 (down from JP¥83.74 in FY 2023). Revenue: JP¥74.9b (down 2.9% from FY 2023). Net income: JP¥1.09b (down 55% from FY 2023). Profit margin: 1.5% (down from 3.1% in FY 2023). The decrease in margin was driven by lower revenue. 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 24% per year, which means it is significantly lagging earnings. Announcement • May 17
Wowow Inc., Annual General Meeting, Jun 20, 2024 Wowow Inc., Annual General Meeting, Jun 20, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 05 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.2%). Announcement • Mar 02
Wowow Inc. to Report Fiscal Year 2024 Results on May 15, 2024 Wowow Inc. announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥36.79 (vs JP¥51.35 in 3Q 2023) Third quarter 2024 results: EPS: JP¥36.79 (down from JP¥51.35 in 3Q 2023). Revenue: JP¥18.7b (down 2.3% from 3Q 2023). Net income: JP¥1.04b (down 30% from 3Q 2023). Profit margin: 5.5% (down from 7.7% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Announcement • Dec 27
Wowow Inc. to Report Q3, 2024 Results on Jan 31, 2024 Wowow Inc. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥9.56 (vs JP¥19.52 in 2Q 2023) Second quarter 2024 results: EPS: JP¥9.56 (down from JP¥19.52 in 2Q 2023). Revenue: JP¥18.3b (down 4.3% from 2Q 2023). Net income: JP¥269.0m (down 52% from 2Q 2023). Profit margin: 1.5% (down from 2.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Announcement • Sep 30
Wowow Inc. to Report Q2, 2024 Results on Oct 31, 2023 Wowow Inc. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥16.05 (vs JP¥26.98 in 1Q 2023) First quarter 2024 results: EPS: JP¥16.05 (down from JP¥26.98 in 1Q 2023). Revenue: JP¥18.3b (down 5.3% from 1Q 2023). Net income: JP¥451.0m (down 42% from 1Q 2023). Profit margin: 2.5% (down from 4.0% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 28
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥83.74 (down from JP¥154 in FY 2022). Revenue: JP¥77.1b (down 3.2% from FY 2022). Net income: JP¥2.40b (down 43% from FY 2022). Profit margin: 3.1% (down from 5.3% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 50%. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Reported Earnings • May 18
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥83.74 (down from JP¥154 in FY 2022). Revenue: JP¥77.1b (down 3.2% from FY 2022). Net income: JP¥2.40b (down 43% from FY 2022). Profit margin: 3.1% (down from 5.3% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 50%. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • May 17
Wowow Inc., Annual General Meeting, Jun 21, 2023 Wowow Inc., Annual General Meeting, Jun 21, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share at 4.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥51.35 (vs JP¥81.12 in 3Q 2022) Third quarter 2023 results: EPS: JP¥51.35 (down from JP¥81.12 in 3Q 2022). Revenue: JP¥19.2b (down 1.4% from 3Q 2022). Net income: JP¥1.47b (down 34% from 3Q 2022). Profit margin: 7.7% (down from 11% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is expected to decline by 2.8% p.a. on average during the next 2 years, while revenues in the Media industry in Japan are expected to grow by 4.7%. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Jan 07
Wowow Inc. to Report Q3, 2023 Results on Jan 31, 2023 Wowow Inc. announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: JP¥19.52 (vs JP¥54.81 in 2Q 2022) Second quarter 2023 results: EPS: JP¥19.52 (down from JP¥54.81 in 2Q 2022). Revenue: JP¥19.1b (down 5.4% from 2Q 2022). Net income: JP¥560.0m (down 62% from 2Q 2022). Profit margin: 2.9% (down from 7.3% in 2Q 2022). Revenue is expected to decline by 2.7% p.a. on average during the next 2 years, while revenues in the Media industry in Japan are expected to grow by 4.5%. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Price Target Changed • Nov 16
Price target decreased to JP¥1,300 Down from JP¥1,470, the current price target is provided by 1 analyst. New target price is 5.2% above last closing price of JP¥1,236. Stock is down 42% over the past year. The company is forecast to post earnings per share of JP¥55.70 for next year compared to JP¥154 last year. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥19.52 (vs JP¥54.81 in 2Q 2022) Second quarter 2023 results: EPS: JP¥19.52 (down from JP¥54.81 in 2Q 2022). Revenue: JP¥19.1b (down 5.4% from 2Q 2022). Net income: JP¥560.0m (down 62% from 2Q 2022). Profit margin: 2.9% (down from 7.3% in 2Q 2022). Revenue is expected to decline by 2.7% p.a. on average during the next 2 years, while revenues in the Media industry in Japan are expected to grow by 4.8%. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Oct 05
Wowow Inc. to Report Q2, 2023 Results on Oct 31, 2022 Wowow Inc. announced that they will report Q2, 2023 results on Oct 31, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥26.98 (vs JP¥6.84 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥26.98 (up from JP¥6.84 loss in 1Q 2022). Revenue: JP¥19.3b (down 3.2% from 1Q 2022). Net income: JP¥773.0m (up JP¥958.0m from 1Q 2022). Profit margin: 4.0% (up from net loss in 1Q 2022). The move to profitability was driven by lower expenses. Over the next year, revenue is expected to shrink by 3.6% compared to a 5.4% growth forecast for the 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 • Jul 03
Wowow Inc. to Report Q1, 2023 Results on Jul 29, 2022 Wowow Inc. announced that they will report Q1, 2023 results on Jul 29, 2022 Major Estimate Revision • May 20
Consensus EPS estimates fall by 45% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥77.8b to JP¥76.5b. EPS estimate also fell from JP¥101 per share to JP¥55.80 per share. Net income forecast to shrink 62% next year vs 7.9% growth forecast for Media industry in Japan . Consensus price target down from JP¥1,700 to JP¥1,550. Share price fell 2.7% to JP¥1,485 over the past week. Reported Earnings • May 16
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥154 (up from JP¥109 in FY 2021). Revenue: JP¥79.7b (flat on FY 2021). Net income: JP¥4.24b (up 44% from FY 2021). Profit margin: 5.3% (up from 3.7% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 124%. Over the next year, revenue is expected to shrink by 2.3% compared to a 3.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 44% 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 • May 15
Wowow Inc., Annual General Meeting, Jun 22, 2022 Wowow Inc., Annual General Meeting, Jun 22, 2022. Price Target Changed • Apr 27
Price target decreased to JP¥1,700 Down from JP¥2,400, the current price target is an average from 2 analysts. New target price is 17% above last closing price of JP¥1,453. Stock is down 46% over the past year. The company is forecast to post earnings per share of JP¥68.90 for next year compared to JP¥109 last year. Board Change • Apr 27
Less than half of directors are independent There are 10 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 10 new directors. 2 experienced directors. No highly experienced directors. 5 independent directors (7 non-independent directors). Chairman of Corporate Auditors Fumihiro Yamauchi is the most experienced director on the board, commencing their role in 2014. Independent Outside Director Jun Otomo was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 08
Wowow Inc. to Report Fiscal Year 2022 Results on May 13, 2022 Wowow Inc. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 02 June 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.0%). Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: JP¥81.12 (up from JP¥49.41 in 3Q 2021). Revenue: JP¥19.4b (down 1.9% from 3Q 2021). Net income: JP¥2.22b (up 66% from 3Q 2021). Profit margin: 11% (up from 6.7% in 3Q 2021). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 18%. Over the next year, revenue is forecast to decline by -1.4% while the industry in Japan is not expected to grow. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Price Target Changed • Feb 01
Price target decreased to JP¥1,700 Down from JP¥2,400, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥1,633. Stock is down 42% over the past year. The company is forecast to post earnings per share of JP¥68.00 for next year compared to JP¥109 last year. Reported Earnings • Aug 03
First quarter 2022 earnings released: JP¥6.84 loss per share (vs JP¥114 profit in 1Q 2021) The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: JP¥20.0b (up 1.7% from 1Q 2021). Net loss: JP¥185.0m (down 106% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS JP¥109 (vs JP¥188 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥79.2b (down 4.0% from FY 2020). Net income: JP¥2.94b (down 42% from FY 2020). Profit margin: 3.7% (down from 6.2% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 12% per year. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥109 (vs JP¥188 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥79.2b (down 4.0% from FY 2020). Net income: JP¥2.94b (down 42% from FY 2020). Profit margin: 3.7% (down from 6.2% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 09 June 2021. Trailing yield: 2.8%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.5%). Reported Earnings • Feb 20
Third quarter 2021 earnings released: EPS JP¥49.41 (vs JP¥83.69 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥19.8b (down 3.7% from 3Q 2020). Net income: JP¥1.34b (down 41% from 3Q 2020). Profit margin: 6.7% (down from 11% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 5% per year. Analyst Estimate Surprise Post Earnings • Feb 20
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 0.9%. Earnings per share (EPS) missed analyst estimates by 9.4%. Over the next year, revenue is expected to shrink by 2.2% compared to a 6.4% growth forecast for the Media industry in Japan. Is New 90 Day High Low • Feb 12
New 90-day high: JP¥2,892 The company is up 3.0% from its price of JP¥2,821 on 13 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 15% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,456 per share. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥49.41 (vs JP¥83.69 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥19.8b (down 3.7% from 3Q 2020). Net income: JP¥1.34b (down 41% from 3Q 2020). Profit margin: 6.7% (down from 11% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 6% per year. Analyst Estimate Surprise Post Earnings • Feb 02
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 0.9%. Earnings per share (EPS) missed analyst estimates by 9.4%. Over the next year, revenue is expected to shrink by 2.2% compared to a 3.8% growth forecast for the Media industry in Japan. Announcement • Jan 07
Wowow Inc. to Report Q3, 2021 Results on Jan 29, 2021 Wowow Inc. announced that they will report Q3, 2021 results on Jan 29, 2021 Price Target Changed • Dec 01
Price target raised to JP¥2,800 Up from JP¥2,300, the current price target is an average from 2 analysts. The new target price is close to the current share price of JP¥2,786. As of last close, the stock is up 3.9% over the past year. Announcement • Oct 08
Wowow Inc. to Report Q2, 2021 Results on Oct 30, 2020 Wowow Inc. announced that they will report Q2, 2021 results on Oct 30, 2020