Reported Earnings • Aug 02
First quarter 2026 earnings released: JP¥5.31 loss per share (vs JP¥11.76 loss in 1Q 2025) First quarter 2026 results: JP¥5.31 loss per share (improved from JP¥11.76 loss in 1Q 2025). Revenue: JP¥22.3b (up 11% from 1Q 2025). Net loss: JP¥235.0m (loss narrowed 55% from 1Q 2025). Revenue is forecast to stay flat during the next 2 years compared to a 10% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Board Change • Jun 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Hiromi Nakazawa was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 26
IMAGICA GROUP Inc. to Report Q1, 2026 Results on Jul 31, 2025 IMAGICA GROUP Inc. announced that they will report Q1, 2026 results on Jul 31, 2025 Buy Or Sell Opportunity • May 13
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 44% to JP¥756. The fair value is estimated to be JP¥627, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Meanwhile, the company became loss making. New Risk • May 12
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 8.2% 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 Dividend is not well covered by earnings (95% payout ratio). Share price has been volatile over the past 3 months (8.2% average weekly change). Reported Earnings • May 10
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: JP¥83.97 loss per share (down from JP¥53.57 profit in FY 2024). Revenue: JP¥96.9b (down 2.8% from FY 2024). Net loss: JP¥3.72b (down 257% from profit in FY 2024). Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Entertainment industry in Japan. 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 5% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Mar 31
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.2% to JP¥516. The fair value is estimated to be JP¥658, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has declined by 35%. Revenue is forecast to grow by 4.3% in 2 years. Earnings are forecast to grow by 217% in the next 2 years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 11 June 2025. Payout ratio is on the higher end at 95%, however this is supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.2%). Announcement • Mar 19
IMAGICA GROUP Inc. to Report Fiscal Year 2025 Results on May 09, 2025 IMAGICA GROUP Inc. announced that they will report fiscal year 2025 results on May 09, 2025 Major Estimate Revision • Feb 11
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥94.8b to JP¥93.8b. Losses expected to increase from JP¥18.10 per share to JP¥20.30. Entertainment industry in Japan expected to see average net income growth of 20% next year. Consensus price target down from JP¥700 to JP¥660. Share price rose 3.6% to JP¥550 over the past week. Reported Earnings • Feb 05
Third quarter 2025 earnings released: EPS: JP¥16.10 (vs JP¥16.61 in 3Q 2024) Third quarter 2025 results: EPS: JP¥16.10 (down from JP¥16.61 in 3Q 2024). Revenue: JP¥23.8b (down 3.9% from 3Q 2024). Net income: JP¥713.0m (down 2.9% from 3Q 2024). Profit margin: 3.0% (in line with 3Q 2024). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Announcement • Feb 04
IMAGICA GROUP Inc. Announces Executive Changes IMAGICA GROUP Inc. announced that it has decided change of its executive officers, effective April 1, 2025. Resignation of executive officers: Masakazu Morita, Senior Managing Executive Officer Group CFO and in charge of game related business, Production Technology Services; Hideki Kama Executive Officer, In charge of animation business, Content Creation; and Akira Shimura, Executive Officer In charge of TV and commercial post- production services business, Production Technology Services. Change of roles of executive officers: Shunjiro Nagase: Current Title: President and Chief Executive Officer Group CEO and in charge of film and commercial business, Content Creation. New Title: President and Chief Executive Officer Group CEO. Eiji Umeda: Current Title: Executive Officer In charge of group strategy. New Title: Managing Executive Officer Group CFO and in charge of group strategy. Following the changes above, the executive officers of the Company will be as follows since April 1, 2025. The candidates of directors of the Company for the next fiscal year will be announced later. Title;Name; and Role. President and Chief Executive Officer, Shunjiro Nagase, Group CEO. Managing Executive Officer, Eiji Umeda, Group CFO and in charge of group strategy. Executive Officer, Masashi Nakamura, In charge of entertainment media business, Production Technology Services and global business. Executive Officer, Takashi Takimizu, In charge of Imaging Systems & Solutions and group technology development. Executive Officer, Masaharu Yoshizawa, In charge of group business development and promotion. Announcement • Jan 03
IMAGICA GROUP Inc. to Report Q3, 2025 Results on Feb 04, 2025 IMAGICA GROUP Inc. announced that they will report Q3, 2025 results on Feb 04, 2025 Price Target Changed • Dec 17
Price target decreased by 25% to JP¥700 Down from JP¥930, the current price target is provided by 1 analyst. New target price is 29% above last closing price of JP¥541. Stock is down 15% over the past year. The company is forecast to post a net loss per share of JP¥18.10 compared to earnings per share of JP¥53.57 last year. Major Estimate Revision • Dec 10
Consensus EPS estimates fall by 31%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from JP¥93.0b to JP¥94.5b. EPS estimate fell from JP¥32.80 to JP¥22.60 per share. Net income forecast to grow 137% next year vs 47% growth forecast for Entertainment industry in Japan. Consensus price target of JP¥930 unchanged from last update. Share price rose 4.4% to JP¥521 over the past week. New Risk • Nov 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% 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 Dividend is not well covered by earnings (92% payout ratio). Share price has been volatile over the past 3 months (5.6% average weekly change). Profit margins are more than 30% lower than last year (0.8% net profit margin). Reported Earnings • Nov 02
Second quarter 2025 earnings released: JP¥9.83 loss per share (vs JP¥8.94 profit in 2Q 2024) Second quarter 2025 results: JP¥9.83 loss per share (down from JP¥8.94 profit in 2Q 2024). Revenue: JP¥22.7b (down 1.0% from 2Q 2024). Net loss: JP¥435.2m (down 210% from profit in 2Q 2024). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Entertainment 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 11% per year, which means it has not declined as severely as earnings. Announcement • Sep 13
IMAGICA GROUP Inc. to Report Q2, 2025 Results on Oct 31, 2024 IMAGICA GROUP Inc. announced that they will report Q2, 2025 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥434, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 18x in the Entertainment industry in Japan. Total loss to shareholders of 7.0% over the past three years. Reported Earnings • Aug 01
First quarter 2025 earnings released: JP¥11.74 loss per share (vs JP¥6.84 profit in 1Q 2024) First quarter 2025 results: JP¥11.74 loss per share (down from JP¥6.84 profit in 1Q 2024). Revenue: JP¥20.1b (down 16% from 1Q 2024). Net loss: JP¥519.0m (down 270% from profit in 1Q 2024). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Jul 30
IMAGICA GROUP Inc. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2025 IMAGICA GROUP Inc. provided dividend guidance for the fiscal year ending March 31, 2025. For the year, the company expects dividend of JPY 15.00 per share compared to JPY 15.00 per share a year ago. Announcement • Jun 15
IMAGICA GROUP Inc. to Report Q1, 2025 Results on Jul 30, 2024 IMAGICA GROUP Inc. announced that they will report Q1, 2025 results on Jul 30, 2024 Major Estimate Revision • Jun 06
Consensus EPS estimates fall by 20% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥60.50 to JP¥48.60 per share. Revenue forecast steady at JP¥98.3b. Net income forecast to shrink 9.4% next year vs 5.8% growth forecast for Entertainment industry in Japan . Consensus price target down from JP¥1,200 to JP¥950. Share price rose 2.3% to JP¥525 over the past week. Announcement • May 30
IMAGICA GROUP Inc. Approves Dividend for the Fiscal Year Ended March 31, 2024 The Board of Directors of IMAGICA GROUP Inc. at its meeting of May 30, 2024 resolved to pay a dividend of JPY 15.00 per share for the fiscal year ended March 31, 2024 compared to JPY 15.00 per share paid a year ago. Date of record is March 31, 2024. Effective date is June 11, 2024. Announcement • May 17
Imagica Group Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025 IMAGICA GROUP Inc. provided Consolidated earnings guidance for the fiscal year ending March 31, 2025. For the year, company expects Net sales of JPY 98,000 million, Operating income of JPY 3,700 million, Net income attributable to owners of parent of JPY 2,000 million and Basic earnings per share of JPY 45.25. Reported Earnings • May 11
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: JP¥53.57 (down from JP¥86.78 in FY 2023). Revenue: JP¥99.7b (up 5.9% from FY 2023). Net income: JP¥2.37b (down 39% from FY 2023). Profit margin: 2.4% (down from 4.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) missed analyst estimates by 7.2%. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 13 June 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.8%). Announcement • Mar 16
IMAGICA GROUP Inc. to Report Fiscal Year 2024 Results on May 09, 2024 IMAGICA GROUP Inc. announced that they will report fiscal year 2024 results on May 09, 2024 Announcement • Mar 01
IMAGICA GROUP Inc., Annual General Meeting, Jun 25, 2024 IMAGICA GROUP Inc., Annual General Meeting, Jun 25, 2024. Announcement • Feb 29
Nobuo Fuse to Resign as Director of IMAGICA GROUP Inc IMAGICA GROUP Inc. at its Board of Directors meeting held on February 29, 2024, announced that Nobuo Fuse decides to resign as Director. It will be officially decided at the 51th General Meeting of Shareholders and the Board of Directors meeting on June 25, 2024. Major Estimate Revision • Feb 13
Consensus EPS estimates increase by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥49.80 to JP¥56.60. Revenue forecast unchanged at JP¥98.5b. Net income forecast to shrink 31% next year vs 6.6% growth forecast for Entertainment industry in Japan . Consensus price target of JP¥1,200 unchanged from last update. Share price rose 4.4% to JP¥686 over the past week. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥16.61 (vs JP¥21.62 in 3Q 2023) Third quarter 2024 results: EPS: JP¥16.61 (down from JP¥21.62 in 3Q 2023). Revenue: JP¥24.8b (down 6.9% from 3Q 2023). Net income: JP¥734.0m (down 24% from 3Q 2023). Profit margin: 3.0% (down from 3.6% in 3Q 2023). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 07
Imagica Group Inc. Announces CEO Changes IMAGICA GROUP Inc. announced appointment of Shunjiro Nagase as Chief Executive Officer, replacing Nobuo Fuse, effective April 1, 2024. Career summary of newly appointed Representative Director: July 2001: Joined Future System Consulting Co. Ltd.; April 2005: Founded Maestro Service Corporation Ltd.; May 2012: Joined the Company (formerly IMAGICA ROBOT Holdings Inc.); April 2016: Director, SDI Media Group Inc.; April 2019: Executive Officer, the Company; April 2021: Manager, Pixelogic Media Partners LLC (to present); Director, PPC Creative Limited April 2022: President and Representative Director, ROBOT COMMUNICATIONS INC. (to present); President and Representative Director, IMAGICA LIVE Corporation (to present); June 2022: Director, OLM Inc. (to present); Director, P.I.C.S. Co. Ltd. (to present); Director and Executive Officer, the Company (to present). Announcement • Feb 06
Imagica Group Inc. Announces Management and Representative Director Changes IMAGICA GROUP Inc. announced that the company has decided change of its President and Representative Director at its Board of Directors meeting held on February 6, 2024. Details of the change: Shunjiro Nagase has now been appointed as President and Representative Director President and Chief Executive Officer from the previous designations of Director and Executive Officer and Nobuo Fuse has been designated as Director from President and Representative Director President and Chief Executive Officer. Career summary of newly appointed Representative Director: July 2001: Joined Future System Consulting Co. Ltd.; April 2005: Founded Maestro Service Corporation Ltd.; May 2012: Joined the Company (formerly IMAGICA ROBOT Holdings Inc.); April 2016: Director, SDI Media Group Inc.; April 2019: Executive Officer, the Company; April 2021: Manager, Pixelogic Media Partners LLC (to present); Director, PPC Creative Limited April 2022: President and Representative Director, ROBOT COMMUNICATIONS INC. (to present); President and Representative Director, IMAGICA LIVE Corporation (to present); June 2022: Director, OLM Inc. (to present); Director, P.I.C.S. Co. Ltd. (to present); Director and Executive Officer, the Company (to present). Effective April 1, 2024. Buy Or Sell Opportunity • Feb 01
Now 21% undervalued Over the last 90 days, the stock has risen 6.4% to JP¥647. The fair value is estimated to be JP¥816, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.3% in 2 years. Earnings are forecast to decline by 26% in the next 2 years. Announcement • Dec 15
IMAGICA GROUP Inc. to Report Q3, 2024 Results on Feb 06, 2024 IMAGICA GROUP Inc. announced that they will report Q3, 2024 results on Feb 06, 2024 Buying Opportunity • Dec 12
Now 22% undervalued Over the last 90 days, the stock is up 6.9%. The fair value is estimated to be JP¥833, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.6% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.3% in 2 years. Earnings is forecast to decline by 26% in the next 2 years. New Risk • Dec 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.3% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥8.94 (vs JP¥16.75 in 2Q 2023) Second quarter 2024 results: EPS: JP¥8.94 (down from JP¥16.75 in 2Q 2023). Revenue: JP¥22.9b (up 5.3% from 2Q 2023). Net income: JP¥395.0m (down 47% from 2Q 2023). Profit margin: 1.7% (down from 3.4% in 2Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Sep 13
IMAGICA GROUP Inc. to Report Q2, 2024 Results on Oct 31, 2023 IMAGICA GROUP Inc. announced that they will report Q2, 2024 results on Oct 31, 2023 New Risk • Aug 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.7% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 02
First quarter 2024 earnings released: EPS: JP¥6.86 (vs JP¥1.19 in 1Q 2023) First quarter 2024 results: EPS: JP¥6.86 (up from JP¥1.19 in 1Q 2023). Revenue: JP¥23.8b (up 20% from 1Q 2023). Net income: JP¥305.8m (up 477% from 1Q 2023). Profit margin: 1.3% (up from 0.3% in 1Q 2023). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥86.78 (up from JP¥61.47 in FY 2022). Revenue: JP¥94.1b (up 17% from FY 2022). Net income: JP¥3.86b (up 42% from FY 2022). Profit margin: 4.1% (up from 3.4% in FY 2022). Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%. Revenue is forecast to grow 1.7% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • May 12
IMAGICA GROUP Inc., Annual General Meeting, Jun 27, 2023 IMAGICA GROUP Inc., Annual General Meeting, Jun 27, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 14 June 2023. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 09
Third quarter 2023 earnings released: EPS: JP¥21.62 (vs JP¥17.25 in 3Q 2022) Third quarter 2023 results: EPS: JP¥21.62 (up from JP¥17.25 in 3Q 2022). Revenue: JP¥26.6b (up 22% from 3Q 2022). Net income: JP¥964.0m (up 26% from 3Q 2022). Profit margin: 3.6% (in line with 3Q 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Dec 16
IMAGICA GROUP Inc. to Report Q3, 2023 Results on Feb 07, 2023 IMAGICA GROUP Inc. announced that they will report Q3, 2023 results on Feb 07, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Taketo Yamakawa 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 04
Second quarter 2023 earnings released: EPS: JP¥16.75 (vs JP¥26.92 in 2Q 2022) Second quarter 2023 results: EPS: JP¥16.75 (down from JP¥26.92 in 2Q 2022). Revenue: JP¥21.7b (up 18% from 2Q 2022). Net income: JP¥746.0m (down 38% from 2Q 2022). Profit margin: 3.4% (down from 6.5% in 2Q 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Sep 22
IMAGICA GROUP Inc. to Report Q2, 2023 Results on Nov 02, 2022 IMAGICA GROUP Inc. announced that they will report Q2, 2023 results on Nov 02, 2022 Reported Earnings • Aug 04
First quarter 2023 earnings released: EPS: JP¥1.19 (vs JP¥11.24 in 1Q 2022) First quarter 2023 results: EPS: JP¥1.19 (down from JP¥11.24 in 1Q 2022). Revenue: JP¥19.9b (up 29% from 1Q 2022). Net income: JP¥53.0m (down 89% from 1Q 2022). Profit margin: 0.3% (down from 3.2% in 1Q 2022). Over the next year, revenue is forecast to grow 6.9%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Jun 22
IMAGICA GROUP Inc. to Report Q1, 2023 Results on Aug 02, 2022 IMAGICA GROUP Inc. announced that they will report Q1, 2023 results on Aug 02, 2022 Announcement • Jun 01
Imagica Group Inc. Announces Dividend for the Year Ended March 31, 2022 IMAGICA GROUP Inc. announced that the Board of Directors at its meeting of May 31, 2022 resolved to pay a dividend of JPY 15.00 per share from retained earnings, with March 31, 2022 as the date of record. Effective date is June 14, 2022. Major Estimate Revision • May 25
Consensus EPS estimates increase by 47% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥80.9b to JP¥88.3b. EPS estimate increased from JP¥36.72 to JP¥54.10 per share. Net income forecast to shrink 12% next year vs 5.7% growth forecast for Entertainment industry in Japan . Consensus price target up from JP¥1,120 to JP¥1,300. Share price was steady at JP¥717 over the past week. Price Target Changed • May 24
Price target increased to JP¥1,300 Up from JP¥1,100, the current price target is provided by 1 analyst. New target price is 78% above last closing price of JP¥731. Stock is up 46% over the past year. The company is forecast to post earnings per share of JP¥54.10 for next year compared to JP¥61.47 last year. Announcement • May 20
IMAGICA GROUP Inc. Revises Year End Dividend Guidance for the Year Ended March 31, 2022 IMAGICA GROUP Inc. revised year end dividend guidance for the year ended March 31, 2022. For the period, the company expected dividend of JPY 15 per share compared to previously expected dividend of JPY 10 per share. Reported Earnings • May 16
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥61.47 (down from JP¥77.88 in FY 2021). Revenue: JP¥80.2b (down 7.5% from FY 2021). Net income: JP¥2.73b (down 21% from FY 2021). Profit margin: 3.4% (down from 4.0% in FY 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 2.8%. Earnings per share (EPS) also surpassed analyst estimates by 7.0%. Over the next year, revenue is forecast to stay flat compared to a 9.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Taketo Yamakawa 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
IMAGICA GROUP Inc. to Report Fiscal Year 2022 Results on May 13, 2022 IMAGICA GROUP Inc. announced that they will report fiscal year 2022 results on May 13, 2022 Announcement • Apr 05
Imagica Group Inc. Revises Earnings Guidance for the Fiscal Year Ending March 31, 2022 IMAGICA GROUP Inc. revised earnings guidance for the fiscal year ending March 31, 2022. For the year, the company expects consolidated net sales of JPY 80,000 million compared to previously expected net sales of JPY 77,000 million. Operating Income of JPY 2,800 million compared to previously expected operating income of JPY 2,000 million. Net attributable to owners of parent of JPY 1,800 million compared to previously expected of JPY 2,500 million. Net income per share of JPY 40.55 compared to previously expected net income per share of JPY 56.32. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥712, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Entertainment industry in Japan. Total returns to shareholders of 25% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥988 per share. Reported Earnings • Feb 07
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥17.25 (down from JP¥29.04 in 3Q 2021). Revenue: JP¥21.8b (down 4.7% from 3Q 2021). Net income: JP¥766.0m (down 41% from 3Q 2021). Profit margin: 3.5% (down from 5.6% in 3Q 2021). Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) also surpassed analyst estimates by 66%. Over the next year, revenue is expected to shrink by 4.3% compared to a 4.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jan 11
Price target increased to JP¥1,100 Up from JP¥810, the current price target is an average from 3 analysts. New target price is 79% above last closing price of JP¥614. Stock is up 81% over the past year. The company is forecast to post earnings per share of JP¥52.95 for next year compared to JP¥77.88 last year. Announcement • Dec 28
IMAGICA Group Inc. Revised Earnings Guidance for the Fiscal Year Ending March 31, 2022 IMAGICA GROUP Inc. revised earnings guidance for the fiscal year ending March 31, 2022. For the year, the company expects consolidated net sales of JPY 77,000 million, operating income of JPY 2,000 million, net income attributable to the owners of the parent of JPY 2,500 million and earnings per share of JPY 56.32 against previously expected net sales of JPY 75,000 million, operating income of JPY 1,500 million, net income attributable to the owners of the parent of JPY 2,000 million and earnings per share of JPY 45.06. Announcement • Nov 22
IMAGICA GROUP Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2022 IMAGICA GROUP Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2022. For the year, the company expects consolidated net sales of JPY 75,000 million, operating income of JPY 1,500 million, net income attributable to the owners of the parent of JPY 2,000 million and earnings per share of JPY 45.06.