Announcement • Jun 01
Trenders, Inc. to Report Q1, 2027 Results on Aug 14, 2026 Trenders, Inc. announced that they will report Q1, 2027 results on Aug 14, 2026 Reported Earnings • May 19
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥27.65 (down from JP¥76.10 in FY 2025). Revenue: JP¥8.28b (up 34% from FY 2025). Net income: JP¥216.0m (down 64% from FY 2025). Profit margin: 2.6% (down from 9.7% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 46%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 23% per year. Announcement • May 14
Trenders, Inc., Annual General Meeting, Jun 29, 2026 Trenders, Inc., Annual General Meeting, Jun 29, 2026. Announcement • May 10
Trenders, Inc. to Report Fiscal Year 2026 Results on May 14, 2026 Trenders, Inc. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 14, 2026 Buy Or Sell Opportunity • Apr 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 35% to JP¥690. The fair value is estimated to be JP¥878, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 37% in 2 years. Earnings are forecast to grow by 126% in the next 2 years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 09 June 2026. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥781, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Media industry in Japan. Total loss to shareholders of 41% over the past three years. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥24.35 (vs JP¥30.33 in 3Q 2025) Third quarter 2026 results: EPS: JP¥24.35 (down from JP¥30.33 in 3Q 2025). Revenue: JP¥2.42b (up 46% from 3Q 2025). Net income: JP¥189.0m (down 20% from 3Q 2025). Profit margin: 7.8% (down from 14% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 20% per year. Buy Or Sell Opportunity • Jan 05
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to JP¥1,011. The fair value is estimated to be JP¥840, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 61% in 2 years. Earnings are forecast to grow by 135% in the next 2 years. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,048, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 18x in the Media industry in Japan. Total loss to shareholders of 37% over the past three years. Buy Or Sell Opportunity • Dec 19
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 10.0% to JP¥1,005. The fair value is estimated to be JP¥837, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 61% in 2 years. Earnings are forecast to grow by 135% in the next 2 years. Announcement • Dec 02
Trenders, Inc. to Report Q3, 2026 Results on Feb 13, 2026 Trenders, Inc. announced that they will report Q3, 2026 results on Feb 13, 2026 New Risk • Dec 02
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: 5.5% Last year net profit margin: 9.5% 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: Major Risk High level of non-cash earnings (22% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (5.5% net profit margin). Market cap is less than US$100m (JP¥7.27b market cap, or US$46.7m). Buy Or Sell Opportunity • Sep 18
Now 20% overvalued Over the last 90 days, the stock has fallen 2.7% to JP¥906. The fair value is estimated to be JP¥754, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Earnings per share has declined by 8.4%. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 86% in the next 2 years. Announcement • Sep 02
Trenders, Inc. to Report Q2, 2026 Results on Nov 14, 2025 Trenders, Inc. announced that they will report Q2, 2026 results on Nov 14, 2025 Announcement • Aug 21
Trenders, Inc. (TSE:6069) announces an Equity Buyback for 120,000 shares, representing 1.48% for ¥100 million. Trenders, Inc. (TSE:6069) announces a share repurchase program. Under the program, the company will repurchase up to 120,000 shares, representing 1.48% of its total shares outstanding excluding treasury shares, for a total of ¥100 million. The purpose of repurchase program is to enhance shareholder returns and improve capital efficiency, while also enabling flexible capital policies that respond to changes in the business environment. The repurchase program is valid till November 14, 2025. As of July 31, 2025, the company had 8,101,000 shares outstanding excluding treasury shares and had 229,300 shares in treasury. Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: JP¥7.75 (vs JP¥15.39 in 1Q 2025) First quarter 2026 results: EPS: JP¥7.75 (down from JP¥15.39 in 1Q 2025). Revenue: JP¥1.70b (up 12% from 1Q 2025). Net income: JP¥61.0m (down 50% from 1Q 2025). Profit margin: 3.6% (down from 8.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Aug 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.5% to JP¥916. The fair value is estimated to be JP¥756, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has declined by 3.3%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. Announcement • Jun 21
Trenders, Inc. to Report Q1, 2026 Results on Aug 14, 2025 Trenders, Inc. announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • May 20
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥76.10 (up from JP¥65.59 in FY 2024). Revenue: JP¥6.19b (up 9.1% from FY 2024). Net income: JP¥600.0m (up 25% from FY 2024). Profit margin: 9.7% (up from 8.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Announcement • May 14
Trenders, Inc., Annual General Meeting, Jun 24, 2025 Trenders, Inc., Annual General Meeting, Jun 24, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥732, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 18x in the Media industry in Japan. Total loss to shareholders of 22% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 10 June 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.3%). Announcement • Mar 20
Trenders, Inc. (TSE:6069) agreed to acquire Zenplus Co., Ltd. from Satoshi Yokoyama and Koichi Fukuda. Trenders, Inc. (TSE:6069) agreed to acquire Zenplus Co., Ltd. from Satoshi Yokoyama and Koichi Fukuda on March 18, 2025.
For the period ending December 31, 2024, Zenplus Co., Ltd. reported total revenue of ¥1.7 billion, EBIT of ¥48 million and net income of ¥27 million. As of December 31, 2024, Zenplus Co., Ltd. reported total assets of ¥458 million and total common equity of ¥92 million.
The expected completion of the transaction is March 21, 2025. Announcement • Mar 04
Trenders, Inc. to Report Fiscal Year 2025 Results on May 14, 2025 Trenders, Inc. announced that they will report fiscal year 2025 results on May 14, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥30.33 (vs JP¥22.87 in 3Q 2024) Third quarter 2025 results: EPS: JP¥30.33 (up from JP¥22.87 in 3Q 2024). Revenue: JP¥1.66b (up 9.0% from 3Q 2024). Net income: JP¥236.0m (up 41% from 3Q 2024). Profit margin: 14% (up from 11% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Media 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 increased by 3% per year. Announcement • Feb 04
Trenders, Inc. (TSE:6069) acquired Cosme Hunt, Inc. Trenders, Inc. (TSE:6069) acquired Cosme Hunt, Inc. on February 4, 2025. Under the terms of agreement, Trenders has acquired all shares of Cosme Hunt Inc. a company that comprehensively supports J-Beauty brands in entering the US market, making it a subsidiary.
Trenders, Inc. (TSE:6069) completed the acquisition of Cosme Hunt, Inc. on February 4, 2025. Announcement • Dec 03
Trenders, Inc. to Report Q3, 2025 Results on Feb 14, 2025 Trenders, Inc. announced that they will report Q3, 2025 results on Feb 14, 2025 Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥976, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Media industry in Japan. Total returns to shareholders of 17% over the past three years. New Risk • Nov 07
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 8.0% 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 Risk Share price has been highly volatile over the past 3 months (8.0% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (8.4% increase in shares outstanding). Market cap is less than US$100m (JP¥6.93b market cap, or US$44.8m). Announcement • Aug 27
Trenders, Inc. to Report Q2, 2025 Results on Nov 14, 2024 Trenders, Inc. announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Aug 20
Trenders, Inc. (TSE:6069) announces an Equity Buyback for 250,000 shares, representing 3.13% for ¥200 million. Trenders, Inc. (TSE:6069) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 3.13% of its total shares outstanding excluding treasury shares, for a total of ¥200 million. The purpose of repurchase program is to enhance shareholder returns and improve capital efficiency, as well as to enable a flexible capital policy in response to changes in the business environment. The repurchase program is valid till November 14, 2024. As of July 31, 2024, the company had 7,992,600 shares outstanding excluding treasury shares and had 0 shares in treasury. Reported Earnings • Aug 19
First quarter 2025 earnings released: EPS: JP¥15.39 (vs JP¥16.96 in 1Q 2024) First quarter 2025 results: EPS: JP¥15.39. Revenue: JP¥1.52b (up 5.7% from 1Q 2024). Net income: JP¥123.0m (flat on 1Q 2024). Profit margin: 8.1% (down from 8.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥754, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Media industry in Japan. Total returns to shareholders of 27% over the past three years. Announcement • Jun 19
Trenders, Inc. to Report Q1, 2025 Results on Aug 14, 2024 Trenders, Inc. announced that they will report Q1, 2025 results on Aug 14, 2024 Reported Earnings • May 19
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: JP¥65.59 (down from JP¥98.57 in FY 2023). Revenue: JP¥5.67b (down 38% from FY 2023). Net income: JP¥479.0m (down 32% from FY 2023). Profit margin: 8.4% (up from 7.8% in FY 2023). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 15% p.a. on average during the next 2 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 increased by 12% per year and the company’s share price has also increased by 12% per year. Announcement • May 16
Trenders, Inc., Annual General Meeting, Jun 25, 2024 Trenders, Inc., Annual General Meeting, Jun 25, 2024. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥976, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Media industry in Japan. Total returns to shareholders of 59% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 10 June 2024. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.2%). Announcement • Mar 02
Trenders, Inc. to Report Fiscal Year 2024 Results on May 14, 2024 Trenders, Inc. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 17
Third quarter 2024 earnings released: EPS: JP¥22.87 (vs JP¥23.53 in 3Q 2023) Third quarter 2024 results: EPS: JP¥22.87 (down from JP¥23.53 in 3Q 2023). Revenue: JP¥1.53b (down 32% from 3Q 2023). Net income: JP¥168.0m (flat on 3Q 2023). Profit margin: 11% (up from 7.5% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.8% 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 increased by 12% per year whereas the company’s share price has increased by 13% per year. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,032, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Media industry in Japan. Total returns to shareholders of 67% over the past three years. Announcement • Dec 07
Trenders, Inc. to Report Q3, 2024 Results on Feb 14, 2024 Trenders, Inc. announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 20
Second quarter 2024 earnings released: EPS: JP¥12.19 (vs JP¥21.17 in 2Q 2023) Second quarter 2024 results: EPS: JP¥12.19 (down from JP¥21.17 in 2Q 2023). Revenue: JP¥1.26b (down 36% from 2Q 2023). Net income: JP¥88.0m (down 42% from 2Q 2023). Profit margin: 7.0% (down from 7.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 08
Trenders, Inc. to Report Q2, 2024 Results on Nov 14, 2023 Trenders, Inc. announced that they will report Q2, 2024 results on Nov 14, 2023 New Risk • Sep 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (JP¥8.02b market cap, or US$54.1m). New Risk • Aug 17
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 8.2% 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 Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥9.64b market cap, or US$66.0m). Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: JP¥16.96 (vs JP¥43.21 in 1Q 2023) First quarter 2024 results: EPS: JP¥16.96 (down from JP¥43.21 in 1Q 2023). Revenue: JP¥1.43b (down 46% from 1Q 2023). Net income: JP¥122.0m (down 61% from 1Q 2023). Profit margin: 8.5% (down from 12% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.5% 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 increased by 18% per year whereas the company’s share price has increased by 21% per year. Announcement • Jun 16
Trenders, Inc. (TSE:6069) announces an Equity Buyback for 200,000 shares, representing 2.78% for ¥200 million. Trenders, Inc. (TSE:6069) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 2.78% of its share capital, for ¥200 million. The company will repurchase its shares to enhance shareholder returns and improving capital efficiency, enabling flexible capital policies that respond to changes in the business environment. The program will run until August 31, 2023. As of May 31, 2023, the company had 7,632,000 shares outstanding and 433,785 shares in treasury. Reported Earnings • May 16
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥98.57 (up from JP¥55.85 in FY 2022). Revenue: JP¥9.09b (up 39% from FY 2022). Net income: JP¥708.0m (up 77% from FY 2022). Profit margin: 7.8% (up from 6.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 5.8%. Revenue is forecast to grow 9.2% p.a. on average during the next 2 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 increased by 22% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 14
Trenders, Inc., Annual General Meeting, Jun 23, 2023 Trenders, Inc., Annual General Meeting, Jun 23, 2023. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,406, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Media industry in Japan. Total returns to shareholders of 210% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 13 June 2023. Payout ratio is a comfortable 17% and the cash payout ratio is 83%. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.6%). Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,523, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Media industry in Japan. Total returns to shareholders of 95% over the past three years. Reported Earnings • Feb 17
Third quarter 2023 earnings released: EPS: JP¥23.53 (vs JP¥20.99 in 3Q 2022) Third quarter 2023 results: EPS: JP¥23.53 (up from JP¥20.99 in 3Q 2022). Revenue: JP¥2.24b (up 23% from 3Q 2022). Net income: JP¥169.0m (up 13% from 3Q 2022). Profit margin: 7.5% (down from 8.2% in 3Q 2022). 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 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year and the company’s share price has also increased by 26% per year. Announcement • Dec 28
Trenders, Inc. to Report Q3, 2023 Results on Feb 14, 2023 Trenders, Inc. announced that they will report Q3, 2023 results on Feb 14, 2023 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. 6 experienced directors. 4 highly experienced directors. No independent directors (7 non-independent directors). External Director Hideharu Natsume was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Sep 29
Trenders, Inc. to Report Q2, 2023 Results on Nov 14, 2022 Trenders, Inc. announced that they will report Q2, 2023 results on Nov 14, 2022 Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improved over the past week After last week's 42% share price gain to JP¥1,998, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Media industry in Japan. Total returns to shareholders of 337% over the past three years. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improved over the past week After last week's 42% share price gain to JP¥1,998, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Media industry in Japan. Total returns to shareholders of 337% over the past three years. Reported Earnings • Aug 15
First quarter 2023 earnings released: EPS: JP¥43.21 (vs JP¥18.95 in 1Q 2022) First quarter 2023 results: EPS: JP¥43.21 (up from JP¥18.95 in 1Q 2022). Revenue: JP¥2.66b (up 66% from 1Q 2022). Net income: JP¥310.0m (up 130% from 1Q 2022). Profit margin: 12% (up from 8.4% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 6.3% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,568, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Media industry in Japan. Total returns to shareholders of 178% over the past three years. Announcement • Jun 29
Trenders, Inc. to Report Q1, 2023 Results on Aug 12, 2022 Trenders, Inc. announced that they will report Q1, 2023 results on Aug 12, 2022 Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥1,238, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Media industry in Japan. Total returns to shareholders of 121% over the past three years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 22% share price gain to JP¥1,270, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Media industry in Japan. Total returns to shareholders of 143% over the past three years. Reported Earnings • May 16
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: JP¥55.85 (up from JP¥43.82 in FY 2021). Revenue: JP¥6.56b (up 97% from FY 2021). Net income: JP¥399.0m (up 28% from FY 2021). Profit margin: 6.1% (down from 9.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 5.6%. Over the next year, revenue is forecast to grow 14%, compared to a 3.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% 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 • May 15
Trenders, Inc., Annual General Meeting, Jun 28, 2022 Trenders, Inc., Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
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. 6 experienced directors. 4 highly experienced directors. No independent directors (7 non-independent directors). External Director Hideharu Natsume was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
Trenders, Inc. to Report Fiscal Year 2022 Results on May 13, 2022 Trenders, Inc. announced that they will report fiscal year 2022 results on May 13, 2022 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥1,044, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Media industry in Japan. Total returns to shareholders of 60% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 15 June 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥821, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Media industry in Japan. Total returns to shareholders of 17% over the past three years. Reported Earnings • Feb 20
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥20.99 (up from JP¥11.94 in 3Q 2021). Revenue: JP¥1.82b (up 117% from 3Q 2021). Net income: JP¥150.0m (up 79% from 3Q 2021). Profit margin: 8.2% (down from 10.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.8%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 17%, compared to a 3.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥8.97 (vs JP¥12.06 in 2Q 2021) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥1.47b (up 59% from 2Q 2021). Net income: JP¥64.0m (down 26% from 2Q 2021). Profit margin: 4.4% (down from 9.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥1,192, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the Media industry in Japan. Total loss to shareholders of 8.1% over the past three years. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥750, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 17x in the Media industry in Japan. Total loss to shareholders of 40% over the past three years. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥43.82 (vs JP¥45.81 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥3.33b (up 8.2% from FY 2020). Net income: JP¥311.0m (down 6.0% from FY 2020). Profit margin: 9.3% (down from 11% in FY 2020). The decrease in margin was driven by higher expenses. Announcement • Mar 04
Trenders, Inc. to Report Fiscal Year 2021 Results on May 14, 2021 Trenders, Inc. announced that they will report fiscal year 2021 results on May 14, 2021 Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥11.94 (vs JP¥9.22 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥838.0m (down 3.3% from 3Q 2020). Net income: JP¥84.0m (up 27% from 3Q 2020). Profit margin: 10.0% (up from 7.6% in 3Q 2020). Analyst Estimate Surprise Post Earnings • Feb 14
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 26%. Earnings per share (EPS) also surpassed analyst estimates by 105%. Over the next year, revenue is expected to shrink by 1.1% compared to a 5.6% growth forecast for the Media industry in Japan. Is New 90 Day High Low • Dec 28
New 90-day low: JP¥628 The company is down 18% from its price of JP¥768 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 3.0% over the same period. Announcement • Dec 05
Trenders, Inc. to Report Q3, 2021 Results on Feb 12, 2021 Trenders, Inc. announced that they will report Q3, 2021 results on Feb 12, 2021 Valuation Update With 7 Day Price Move • Dec 02
Market bids up stock over the past week After last week's 20% share price gain to JP¥780, the stock is trading at a trailing P/E ratio of 11.6x, up from the previous P/E ratio of 9.7x. This compares to an average P/E of 26x in the Media industry in Japan. Total returns to shareholders over the past three years are 3.3%. Announcement • Sep 21
An unknown buyer agreed to acquire MAP Growth Investment Limited Partnership Status from Trenders, Inc. (TSE:6069) for ¥400 million. An unknown buyer agreed to acquire MAP Growth Investment Limited Partnership Status from Trenders, Inc. (TSE:6069) for ¥400 million on September 17, 2020. The transaction is resolved by the Board of Trenders, Inc. The transaction is expected to close on December 18, 2020. Announcement • Sep 06
Trenders, Inc. to Report Q2, 2021 Results on Nov 13, 2020 Trenders, Inc. announced that they will report Q2, 2021 results on Nov 13, 2020