Announcement • Jun 09
Daiichikosho Co., Ltd. to Report Q1, 2027 Results on Aug 06, 2026 Daiichikosho Co., Ltd. announced that they will report Q1, 2027 results on Aug 06, 2026 New Risk • May 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.5% 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 4.5% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (214% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • May 15
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥153 (down from JP¥173 in FY 2025). Revenue: JP¥163.0b (up 6.5% from FY 2025). Net income: JP¥15.9b (down 13% from FY 2025). Profit margin: 9.8% (down from 12% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Live News • May 14
Daiichikosho Targets 50% Dividend Payout Ratio to Strengthen Shareholder Returns Daiichikosho revised its dividend policy, lifting its target consolidated dividend payout ratio from at least 30% to about 50%.
The higher payout target is set to apply from the forecasts for the year ending March 2027 onward.
The company described the policy shift as a move to balance stable medium to long-term profit growth, financial soundness and shareholder returns.
A planned payout ratio of about 50% points to a clearer focus on returning cash to shareholders, while still aiming to keep the balance sheet and profit base on solid footing.
Investors may want to watch how actual earnings and cash flows line up with this higher payout target as 2027 approaches, since dividends at this level depend on the company maintaining that earnings stability over time. Announcement • May 13
Daiichikosho Co., Ltd., Annual General Meeting, Jun 26, 2026 Daiichikosho Co., Ltd., Annual General Meeting, Jun 26, 2026. Announcement • May 10
Daiichikosho Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Daiichikosho Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥39.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 10
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: EPS: JP¥34.12 (down from JP¥37.34 in 3Q 2025). Revenue: JP¥42.1b (up 5.0% from 3Q 2025). Net income: JP¥3.53b (down 9.7% from 3Q 2025). Profit margin: 8.4% (down from 9.7% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Declared Dividend • Dec 06
First half dividend of JP¥39.00 announced Shareholders will receive a dividend of JP¥39.00. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 4.2%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but not covered by cash flows (214% cash payout ratio). The dividend has increased by an average of 1.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 8.3% over the next 3 years. However, it would need to fall by 55% to increase the payout ratio to a potentially unsustainable range. Announcement • Dec 05
Daiichikosho Co., Ltd. to Report Q3, 2026 Results on Feb 09, 2026 Daiichikosho Co., Ltd. announced that they will report Q3, 2026 results on Feb 09, 2026 Major Estimate Revision • Nov 27
Consensus EPS estimates increase by 13% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥119 to JP¥134. Revenue forecast steady at JP¥163.3b. Net income forecast to shrink 6.1% next year vs 5.6% growth forecast for Entertainment industry in Japan . Consensus price target of JP¥1,700 unchanged from last update. Share price rose 4.2% to JP¥1,675 over the past week. Reported Earnings • Nov 12
Second quarter 2026 earnings: EPS misses analyst expectations Second quarter 2026 results: EPS: JP¥25.12 (down from JP¥58.61 in 2Q 2025). Revenue: JP¥39.7b (up 6.1% from 2Q 2025). Net income: JP¥2.60b (down 58% from 2Q 2025). Profit margin: 6.5% (down from 17% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Entertainment 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 fallen by 7% per year, which means it is significantly lagging earnings. Major Estimate Revision • Nov 11
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥138 to JP¥119 per share. Revenue forecast steady at JP¥163.5b. Net income forecast to shrink 24% next year vs 11% growth forecast for Entertainment industry in Japan . Consensus price target of JP¥1,700 unchanged from last update. Share price fell 2.4% to JP¥1,549 over the past week. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.1%). Announcement • Sep 03
Daiichikosho Co., Ltd. to Report Q2, 2026 Results on Nov 10, 2025 Daiichikosho Co., Ltd. announced that they will report Q2, 2026 results on Nov 10, 2025 Major Estimate Revision • Aug 22
Consensus EPS estimates increase by 21% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥126 to JP¥153. Revenue forecast steady at JP¥163.9b. Net income forecast to shrink 17% next year vs 28% growth forecast for Entertainment industry in Japan . Consensus price target of JP¥1,700 unchanged from last update. Share price rose 3.6% to JP¥1,763 over the past week. Reported Earnings • Aug 08
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: JP¥33.77 (up from JP¥31.94 in 1Q 2025). Revenue: JP¥40.6b (up 9.9% from 1Q 2025). Net income: JP¥3.52b (up 3.3% from 1Q 2025). Profit margin: 8.7% (down from 9.2% in 1Q 2025). Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 09
Final dividend of JP¥28.00 announced Dividend of JP¥28.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 3.5%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but not covered by cash flows (100% cash payout ratio). The dividend has increased by an average of 3.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 26% over the next 3 years. However, it would need to fall by 57% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jun 29
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥173 (up from JP¥117 in FY 2024). Revenue: JP¥153.0b (up 4.3% from FY 2024). Net income: JP¥18.2b (up 45% from FY 2024). Profit margin: 12% (up from 8.6% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jun 03
Daiichikosho Co., Ltd. to Report Q1, 2026 Results on Aug 07, 2025 Daiichikosho Co., Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 Announcement • May 20
Daiichikosho Co., Ltd. (TSE:7458) announces an Equity Buyback for 1,180,000 shares, representing 1.08% for ¥2,000 million. Daiichikosho Co., Ltd. (TSE:7458) announces a share repurchase program. Under the program, the company will repurchase 1,180,000 shares, representing 1.08%of its share capital, for ¥2,000 million. The company will repurchase its shares in order to improve capital efficiency and return profits to shareholders. The program will run until August 31, 2025. As of May 19, 2025, the company had 109,468,400 shares outstanding (excluding treasury shares) and 4,980,507 shares in treasury. Reported Earnings • May 14
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥173 (up from JP¥117 in FY 2024). Revenue: JP¥153.0b (up 4.3% from FY 2024). Net income: JP¥18.2b (up 45% from FY 2024). Profit margin: 12% (up from 8.6% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.2%). Announcement • Mar 04
Daiichikosho Co., Ltd. to Report Fiscal Year 2025 Results on May 12, 2025 Daiichikosho Co., Ltd. announced that they will report fiscal year 2025 results on May 12, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: JP¥37.34. Revenue: JP¥40.1b (up 3.9% from 3Q 2024). Net income: JP¥3.91b (down 1.3% from 3Q 2024). Profit margin: 9.7% (in line with 3Q 2024). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 3.1%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Entertainment industry in Japan. Announcement • Jan 17
Daiichikosho Co., Ltd Announces Release of the Power of Singing DAIICHIKOSHO CO., LTD. will release a model of its long-developed commercial karaoke system on April 18, 2025. With the launch of the new product, "The Power of Singing"--DAIICHIKOSHO's new product presentation--will be held in Tokyo on March 5, 2025 and in Osaka on March 19, 2025. Declared Dividend • Dec 06
First half dividend of JP¥29.00 announced Dividend of JP¥29.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (39% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 9.8% over the next 3 years. However, it would need to fall by 57% to increase the payout ratio to a potentially unsustainable range. Announcement • Nov 30
Daiichikosho Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 Daiichikosho Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 14
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: JP¥58.61 (up from JP¥29.17 in 2Q 2024). Revenue: JP¥37.4b (up 4.3% from 2Q 2024). Net income: JP¥6.19b (up 98% from 2Q 2024). Profit margin: 17% (up from 8.7% in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 97%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Sep 27
Daiichikosho Co., Ltd. to Report Q2, 2025 Results on Nov 11, 2024 Daiichikosho Co., Ltd. announced that they will report Q2, 2025 results on Nov 11, 2024 Announcement • Sep 23
Daiichikosho Co., Ltd.(TSE:7458) dropped from FTSE All-World Index (USD) Daiichikosho Co., Ltd.(TSE:7458) dropped from FTSE All-World Index (USD) Upcoming Dividend • Sep 20
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Announcement • Aug 15
GENDA Inc. (TSE:9166) Completed the acquisition of 75.17% stake in ONTSU Co.,Ltd. (TSE:7647) from a group of shareholders. GENDA Inc. (TSE:9166) proposed to acquire a 75.17% stake in ONTSU Co.,Ltd. (TSE:7647) from a group of shareholders for ¥5.04 billion on June 27, 2024. The offer price is ¥33 per share. The offeror will acquire approximately 150 million shares. The tender offer will close on August 13, 2024.
YAMADA Business Consulting Co.,Ltd. acted as financial advisor for ONTSU Co.,Ltd. Nishimura & Asahi acted as legal advisor for ONTSU Co.,Ltd. SMBC Nikko Securities Inc. acted as financial advisor for GENDA Inc. Mori Hamada & Matsumoto LPC acted as legal advisor for GENDA Inc.
GENDA Inc. (TSE:9166) Completed the acquisition of 75.17% stake in ONTSU Co.,Ltd. (TSE:7647) from a group of shareholders on August 13, 2024. Reported Earnings • Aug 13
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: JP¥31.94. Revenue: JP¥36.9b (up 4.3% from 1Q 2024). Net income: JP¥3.41b (down 1.0% from 1Q 2024). Profit margin: 9.2% (in line with 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Entertainment industry in Japan. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥1,441, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Entertainment industry in Japan. Total loss to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥943 per share. Declared Dividend • Jul 11
Final dividend of JP¥28.00 announced Shareholders will receive a dividend of JP¥28.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 3.4%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (31% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 06
Daiichikosho Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 Daiichikosho Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 16
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥117 (up from JP¥76.20 in FY 2023). Revenue: JP¥146.7b (up 14% from FY 2023). Net income: JP¥12.6b (up 51% from FY 2023). Profit margin: 8.6% (up from 6.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.2%. Revenue is forecast to grow 3.0% 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 increased by 94% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • May 15
Daiichikosho Co., Ltd., Annual General Meeting, Jun 21, 2024 Daiichikosho Co., Ltd., Annual General Meeting, Jun 21, 2024. Announcement • May 14
Daiichikosho Co., Ltd. (TSE:7458) announces an Equity Buyback for 250,000 shares, representing 0.23% for ¥2,000 million. Daiichikosho Co., Ltd. (TSE:7458) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing %0.23 of its share capital, for ¥2,000 million. The company will repurchase its shares in order to improve capital efficiency and return profits to shareholders. The program will run until August 31, 2024. As of May 13, 2024, the company had 109,468,400 shares outstanding (excluding treasury shares) and 2,613,807 shares in treasury. Buy Or Sell Opportunity • Apr 18
Now 20% overvalued Over the last 90 days, the stock has fallen 9.7% to JP¥1,850. The fair value is estimated to be JP¥1,540, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 7.8% in 2 years. Earnings are forecast to grow by 50% in the next 2 years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.8%). Announcement • Mar 02
Daiichikosho Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Daiichikosho Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Buy Or Sell Opportunity • Feb 16
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to JP¥1,903. The fair value is estimated to be JP¥1,572, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 8.0% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Reported Earnings • Feb 10
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: JP¥37.01 (up from JP¥27.58 in 3Q 2023). Revenue: JP¥38.6b (up 14% from 3Q 2023). Net income: JP¥3.96b (up 31% from 3Q 2023). Profit margin: 10% (up from 8.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Jan 31
Takumi Shoji Co., Ltd. signed a contract to acquire 87.92% stake in Union Tv&Motion Picture Co., Ltd. from Daiichikosho Co., Ltd. (TSE:7458). Takumi Shoji Co., Ltd. signed a contract to acquire 87.92% stake in Union Tv&Motion Picture Co., Ltd. from Daiichikosho Co., Ltd. (TSE:7458) on January 29, 2024. Takumi Shoji shall acquire 0.29 million shares. Union Tv&Motion reported net worth of ¥1.3 billion, total assets of ¥1.9 billion, sales of ¥1.8 billion, operating income of ¥146 million, net income of ¥95 million for the period ending February 2023. The transaction was resolved by the Board of Directors of Daiichikosho Co., Ltd and is expected to complete on March 1, 2024. Announcement • Nov 27
Daiichikosho Co., Ltd. to Report Q3, 2024 Results on Feb 08, 2024 Daiichikosho Co., Ltd. announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: JP¥29.17 (up from JP¥23.81 in 2Q 2023). Revenue: JP¥35.9b (up 18% from 2Q 2023). Net income: JP¥3.13b (up 21% from 2Q 2023). Profit margin: 8.7% (up from 8.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.8%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥28.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.7%). Announcement • Aug 27
Daiichikosho Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023 Daiichikosho Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Major Estimate Revision • Aug 23
Consensus EPS estimates increase by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥134.5b to JP¥145.3b. EPS estimate increased from JP¥97.70 to JP¥119 per share. Net income forecast to grow 55% next year vs 12% growth forecast for Entertainment industry in Japan. Consensus price target up from JP¥2,500 to JP¥2,900. Share price was steady at JP¥2,765 over the past week. Reported Earnings • Aug 10
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: JP¥31.72 (up from JP¥31.05 in 1Q 2023). Revenue: JP¥35.4b (up 17% from 1Q 2023). Net income: JP¥3.44b (up 1.6% from 1Q 2023). Profit margin: 9.7% (down from 11% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) also surpassed analyst estimates by 73%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 09
Now 20% undervalued Over the last 90 days, the stock is up 8.0%. The fair value is estimated to be JP¥3,365, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.3% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Announcement • May 28
Daiichikosho Co., Ltd. to Report Q1, 2024 Results on Aug 09, 2023 Daiichikosho Co., Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 17
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥152 (up from JP¥47.60 in FY 2022). Revenue: JP¥128.2b (up 35% from FY 2022). Net income: JP¥8.32b (up 60% from FY 2022). Profit margin: 6.5% (up from 5.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 3.1% 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 39% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.