Buy Or Sell Opportunity • May 19
Now 21% overvalued Over the last 90 days, the stock has fallen 7.6% to JP¥10,770. The fair value is estimated to be JP¥8,898, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 5.6% in 2 years. Earnings are forecast to decline by 6.0% in the next 2 years. Announcement • May 09
Shochiku Co., Ltd. to Report Q1, 2027 Results on Jul 14, 2026 Shochiku Co., Ltd. announced that they will report Q1, 2027 results at 9:00 AM, Tokyo Standard Time on Jul 14, 2026 Buy Or Sell Opportunity • Apr 24
Now 22% overvalued Over the last 90 days, the stock has fallen 14% to JP¥10,310. The fair value is estimated to be JP¥8,466, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 5.6% in 2 years. Earnings are forecast to decline by 6.0% in the next 2 years. Reported Earnings • Apr 15
Full year 2026 earnings: EPS in line with expectations, revenues disappoint Full year 2026 results: EPS: JP¥381 (up from JP¥48.32 loss in FY 2025). Revenue: JP¥98.2b (up 17% from FY 2025). Net income: JP¥5.24b (up JP¥5.90b from FY 2025). Profit margin: 5.3% (up from net loss in FY 2025). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Apr 14
Shochiku Co., Ltd., Annual General Meeting, May 26, 2026 Shochiku Co., Ltd., Annual General Meeting, May 26, 2026. Announcement • Apr 07
Shochiku Co., Ltd. to Report Fiscal Year 2026 Results on Apr 14, 2026 Shochiku Co., Ltd. announced that they will report fiscal year 2026 results on Apr 14, 2026 Upcoming Dividend • Feb 19
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 28 May 2026. Payout ratio is a comfortable 7.8% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.8%). Reported Earnings • Jan 15
Third quarter 2026 earnings released: EPS: JP¥61.40 (vs JP¥24.52 loss in 3Q 2025) Third quarter 2026 results: EPS: JP¥61.40 (up from JP¥24.52 loss in 3Q 2025). Revenue: JP¥25.1b (up 27% from 3Q 2025). Net income: JP¥844.0m (up JP¥1.18b from 3Q 2025). Profit margin: 3.4% (up from net loss in 3Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 8.0% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Jan 14
Shochiku Co., Ltd. Revises Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2026 Shochiku Co., Ltd. revised consolidated and non-consolidated earnings guidance for the fiscal year ending February 28, 2026. For the period, on consolidated basis, the company now expects net sales of JPY 97,000 million, operating profit of JPY 5,500 million, Profit attributable to owners of parent of JPY 5,000 million, basic earnings per share of JPY 363.80 against previously forecasted net sales of JPY 97,000 million, operating profit of JPY 4,300 million, Profit attributable to owners of parent of JPY 4,000 million, basic earnings per share of JPY 291.03. With regard to the full-year consolidated earnings forecast for the fiscal year ending February 2026, operating profit, ordinary profit, and profit attributable to owners of parent are expected to increase from the previous forecast due to the continued strong performance of sales of movie box offices from summer onward in the motion pictures businesses and the continued strong performance of the theatre business centering on the Kabukiza Theatre.
For the period, on non-consolidated basis, the company now expects net sales of JPY 55,100 million, Profit of JPY 3,200 million, Profit per share of JPY 231.51 against previously forecasted net sales of JPY 57,000 million, Profit of JPY 2,700 million, Profit per share of JPY 195.33. With regard to the full-year non-consolidated earnings forecast for the fiscal year ending February 2026, ordinary profit and profit are expected to increase from the previous forecast due to the continued strong performance of the theatre business centering on the Kabukiza Theatre and the strong sales of high-margin broadcasting rights in the motion pictures businesses. Major Estimate Revision • Jan 10
Consensus EPS estimates increase by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥96.9b to JP¥98.4b. EPS estimate increased from JP¥338 to JP¥374 per share. Net income forecast to grow 5.6% next year vs 9.6% growth forecast for Entertainment industry in Japan. Consensus price target of JP¥15,900 unchanged from last update. Share price was steady at JP¥11,830 over the past week. Announcement • Nov 05
Shochiku Co., Ltd. to Report Q3, 2026 Results on Jan 14, 2026 Shochiku Co., Ltd. announced that they will report Q3, 2026 results on Jan 14, 2026 Declared Dividend • Oct 17
Dividend of JP¥30.00 announced Dividend of JP¥30.00 is the same as last year. Ex-date: 26th February 2026 Payment date: 28th May 2026 Dividend yield will be 0.2%, which is lower than the industry average of 1.8%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 5%. Reported Earnings • Oct 16
Second quarter 2026 earnings released: EPS: JP¥190 (vs JP¥43.15 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥190 (up from JP¥43.15 loss in 2Q 2025). Revenue: JP¥28.0b (up 39% from 2Q 2025). Net income: JP¥2.61b (up JP¥3.21b from 2Q 2025). Profit margin: 9.3% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to stay flat 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, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. New Risk • Oct 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.1% net profit margin). Announcement • Jul 26
Shochiku Co., Ltd. to Report Q2, 2026 Results on Oct 15, 2025 Shochiku Co., Ltd. announced that they will report Q2, 2026 results on Oct 15, 2025 Reported Earnings • Jul 16
First quarter 2026 earnings released: EPS: JP¥110 (vs JP¥6.41 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥110 (up from JP¥6.41 loss in 1Q 2025). Revenue: JP¥21.7b (up 11% from 1Q 2025). Net income: JP¥1.51b (up JP¥1.60b from 1Q 2025). Profit margin: 7.0% (up from net loss in 1Q 2025). Revenue is forecast to grow 2.9% 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, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 03
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: JP¥48.32 loss per share (down from JP¥220 profit in FY 2024). Revenue: JP¥84.0b (down 1.7% from FY 2024). Net loss: JP¥664.0m (down 122% from profit in FY 2024). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 66%. Revenue is forecast to grow 2.9% 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, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Apr 26
Shochiku Co., Ltd. to Report Q1, 2026 Results on Jul 15, 2025 Shochiku Co., Ltd. announced that they will report Q1, 2026 results on Jul 15, 2025 Reported Earnings • Apr 15
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: JP¥48.32 loss per share (down from JP¥220 profit in FY 2024). Revenue: JP¥84.0b (down 1.7% from FY 2024). Net loss: JP¥664.0m (down 122% from profit in FY 2024). Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 66%. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 12% 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 65 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 29 May 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.2%). Announcement • Feb 05
Shochiku Co., Ltd. to Report Q4, 2025 Results on Apr 14, 2025 Shochiku Co., Ltd. announced that they will report Q4, 2025 results on Apr 14, 2025 Reported Earnings • Jan 15
Third quarter 2025 earnings released: JP¥24.52 loss per share (vs JP¥58.95 loss in 3Q 2024) Third quarter 2025 results: JP¥24.52 loss per share (improved from JP¥58.95 loss in 3Q 2024). Revenue: JP¥19.8b (up 1.4% from 3Q 2024). Net loss: JP¥337.0m (loss narrowed 58% from 3Q 2024). Revenue is forecast to grow 4.4% 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 14% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Nov 01
Shochiku Co., Ltd. to Report Q3, 2025 Results on Jan 15, 2025 Shochiku Co., Ltd. announced that they will report Q3, 2025 results on Jan 15, 2025 Reported Earnings • Oct 16
Second quarter 2025 earnings released: JP¥43.15 loss per share (vs JP¥123 profit in 2Q 2024) Second quarter 2025 results: JP¥43.15 loss per share (down from JP¥123 profit in 2Q 2024). Revenue: JP¥20.1b (up 2.0% from 2Q 2024). Net loss: JP¥593.0m (down 135% from profit in 2Q 2024). Revenue is forecast to grow 5.5% 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 increased by 21% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Declared Dividend • Oct 15
Dividend of JP¥30.00 announced Dividend of JP¥30.00 is the same as last year. Ex-date: 27th February 2025 Payment date: 29th May 2025 Dividend yield will be 0.3%, which is lower than the industry average of 1.8%. Announcement • Aug 01
Shochiku Co., Ltd. to Report Q2, 2025 Results on Oct 11, 2024 Shochiku Co., Ltd. announced that they will report Q2, 2025 results on Oct 11, 2024 Announcement • Jul 17
M Cap No. 12, Co., Ltd. completed the acquisition of 83.1% stake in Nagatanien Holdings Co.,Ltd. (TSE:2899) from Shochiku Co., Ltd. (TSE:9601) Eiichiro Nagatani and Taijiro Nagatani for ¥39.6 billion. M Cap No. 12, Co., Ltd. made an offer to acquire Nagatanien Holdings Co.,Ltd. (TSE:2899) from Mitsubishi Corporation (TSE:8058), Shochiku Co., Ltd. (TSE:9601), Eiichiro Nagatani and Taijiro Nagatani for ¥47.7 billion on June 3, 2024. Under the terms, M Cap should tender minimum 9,564,700 shares for ¥3,100 per share. The tender offer period is June 4, 2024 to July 16, 2024. If the Offeror fails to acquire all of the shares in Nagatanien Holdings Squeeze-Out Procedures will be followed. The transaction has been approved by board of Nagatanien Holdings. Nomura Securities Co., Ltd. acted as agent to the tender offer. Daiwa Securities Co. Ltd. acted as financial advisor and TMI Associates acted as legal advisor to Nagatanien.
M Cap No. 12, Co., Ltd. completed the acquisition of 83.1% stake in Nagatanien Holdings Co.,Ltd. (TSE:2899) from Shochiku Co., Ltd. (TSE:9601) Eiichiro Nagatani and Taijiro Nagatani for ¥39.6 billion on July 16, 2024. M Cap has acquired 12.8 million shares in Nagatanien. Mitsubishi will be retaining 2.1 million shares in Nagatanien. M Cap was unable to acquire all of Nagatanien's Shares through the Tender Offer. Therefore, M Cap plans to make M Cap and Mitsubishi Corporation the only shareholders of Nagatanien. Reported Earnings • Jul 16
First quarter 2025 earnings released: JP¥6.41 loss per share (vs JP¥119 profit in 1Q 2024) First quarter 2025 results: JP¥6.41 loss per share (down from JP¥119 profit in 1Q 2024). Revenue: JP¥19.5b (down 16% from 1Q 2024). Net loss: JP¥88.0m (down 105% from profit in 1Q 2024). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jun 05
M Cap No. 12, Co., Ltd. made an offer to acquire Nagatanien Holdings Co.,Ltd. (TSE:2899) from Mitsubishi Corporation (TSE:8058), Eiichiro Nagatani and Taijiro Nagatani for ¥3,100 per share. M Cap No. 12, Co., Ltd. made an offer to acquire Nagatanien Holdings Co.,Ltd. (TSE:2899) from Mitsubishi Corporation (TSE:8058), Eiichiro Nagatani and Taijiro Nagatani for ¥3,100 per share on June 3, 2024. Under the terms, M Cap should tender minimum 9,564,700 shares. The tender offer period is June 4, 2024 to July 16, 2024. If the Offeror fails to acquire all of the shares in Nagatanien Holdings Squeeze-Out Procedures will be followed. The transaction has been approved by board of Nagatanien Holdings. Nomura Securities Co., Ltd. acted as agent to the tender offer. Reported Earnings • Jun 01
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥220 (down from JP¥399 in FY 2023). Revenue: JP¥85.4b (up 9.2% from FY 2023). Net income: JP¥3.02b (down 45% from FY 2023). Profit margin: 3.5% (down from 7.0% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.7%. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • May 23
Shochiku Co., Ltd. to Report Q1, 2025 Results on Jul 12, 2024 Shochiku Co., Ltd. announced that they will report Q1, 2025 results on Jul 12, 2024 Announcement • Apr 17
Shochiku Co., Ltd., Annual General Meeting, May 28, 2024 Shochiku Co., Ltd., Annual General Meeting, May 28, 2024. Reported Earnings • Apr 16
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥220 (down from JP¥399 in FY 2023). Revenue: JP¥85.4b (up 9.2% from FY 2023). Net income: JP¥3.02b (down 45% from FY 2023). Profit margin: 3.5% (down from 7.0% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.7%. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Feb 27
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 16% 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 Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Upcoming Dividend • Feb 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 24 May 2024. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.9%). Announcement • Feb 01
Shochiku Co., Ltd. to Report Fiscal Year 2024 Results on Apr 15, 2024 Shochiku Co., Ltd. announced that they will report fiscal year 2024 results on Apr 15, 2024 Reported Earnings • Jan 15
Third quarter 2024 earnings released: JP¥58.95 loss per share (vs JP¥94.34 loss in 3Q 2023) Third quarter 2024 results: JP¥58.95 loss per share (improved from JP¥94.34 loss in 3Q 2023). Revenue: JP¥19.6b (up 2.0% from 3Q 2023). Net loss: JP¥810.0m (loss narrowed 38% from 3Q 2023). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. New Risk • Dec 22
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 9.4% 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 9.4% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Announcement • Nov 01
Shochiku Co., Ltd. to Report Q3, 2024 Results on Jan 12, 2024 Shochiku Co., Ltd. announced that they will report Q3, 2024 results on Jan 12, 2024 Reported Earnings • Oct 13
Second quarter 2024 earnings released: EPS: JP¥123 (vs JP¥104 in 2Q 2023) Second quarter 2024 results: EPS: JP¥123 (up from JP¥104 in 2Q 2023). Revenue: JP¥19.7b (flat on 2Q 2023). Net income: JP¥1.69b (up 18% from 2Q 2023). Profit margin: 8.6% (up from 7.2% in 2Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Sep 19
Shochiku Co., Ltd.(TSE:9601) dropped from FTSE All-World Index (USD) Shochiku Co., Ltd.(TSE:9601) dropped from FTSE All-World Index (USD) Announcement • Aug 03
Shochiku Co., Ltd. to Report Q2, 2024 Results on Oct 12, 2023 Shochiku Co., Ltd. announced that they will report Q2, 2024 results on Oct 12, 2023 New Risk • Jul 15
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: 1.2% Last year net profit margin: 8.4% 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 Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • Jul 15
First quarter 2024 earnings released: EPS: JP¥119 (vs JP¥446 in 1Q 2023) First quarter 2024 results: EPS: JP¥119 (down from JP¥446 in 1Q 2023). Revenue: JP¥23.2b (up 24% from 1Q 2023). Net income: JP¥1.63b (down 73% from 1Q 2023). Profit margin: 7.0% (down from 33% in 1Q 2023). 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 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 30
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥399 (up from JP¥128 loss in FY 2022). Revenue: JP¥78.2b (up 8.9% from FY 2022). Net income: JP¥5.48b (up JP¥7.25b from FY 2022). Profit margin: 7.0% (up from net loss in FY 2022). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 19%. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • May 25
Shochiku Co., Ltd. to Report Q1, 2024 Results on Jul 13, 2023 Shochiku Co., Ltd. announced that they will report Q1, 2024 results on Jul 13, 2023 Reported Earnings • Apr 16
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥399 (up from JP¥128 loss in FY 2022). Revenue: JP¥78.2b (up 8.9% from FY 2022). Net income: JP¥5.48b (up JP¥7.25b from FY 2022). Profit margin: 7.0% (up from net loss in FY 2022). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) also missed analyst estimates by 19%. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Feb 01
Shochiku Co., Ltd. to Report Fiscal Year 2023 Results on Apr 14, 2023 Shochiku Co., Ltd. announced that they will report fiscal year 2023 results on Apr 14, 2023 Reported Earnings • Jan 14
Third quarter 2023 earnings released: JP¥94.34 loss per share (vs JP¥79.22 loss in 3Q 2022) Third quarter 2023 results: JP¥94.34 loss per share (further deteriorated from JP¥79.22 loss in 3Q 2022). Revenue: JP¥19.2b (up 10% from 3Q 2022). Net loss: JP¥1.30b (loss widened 19% from 3Q 2022). Revenue is forecast to grow 9.3% p.a. on average during the next 2 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 45% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Nov 02
Shochiku Co., Ltd. to Report Q3, 2023 Results on Jan 13, 2023 Shochiku Co., Ltd. announced that they will report Q3, 2023 results on Jan 13, 2023 Reported Earnings • Oct 15
Second quarter 2023 earnings released: EPS: JP¥104 (vs JP¥18.35 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥104 (up from JP¥18.35 loss in 2Q 2022). Revenue: JP¥19.7b (flat on 2Q 2022). Net income: JP¥1.43b (up JP¥1.68b from 2Q 2022). Profit margin: 7.2% (up from net loss in 2Q 2022). Revenue is forecast to grow 9.8% p.a. on average during the next 2 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 11% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Aug 06
Shochiku Co., Ltd. to Report Q2, 2023 Results on Oct 13, 2022 Shochiku Co., Ltd. announced that they will report Q2, 2023 results on Oct 13, 2022 Reported Earnings • Jul 13
First quarter 2023 earnings released: EPS: JP¥446 (vs JP¥149 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥446 (up from JP¥149 loss in 1Q 2022). Revenue: JP¥18.7b (up 31% from 1Q 2022). Net income: JP¥6.13b (up JP¥8.17b from 1Q 2022). Profit margin: 33% (up from net loss in 1Q 2022). Over the next year, revenue is forecast to grow 27%, compared to a 10% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • May 29
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: JP¥128 loss per share (up from JP¥831 loss in FY 2021). Revenue: JP¥71.8b (up 37% from FY 2021). Net loss: JP¥1.76b (loss narrowed 85% from FY 2021). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 50%. Over the next year, revenue is forecast to grow 24%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Announcement • May 21
Shochiku Co., Ltd. to Report Q1, 2023 Results on Jul 11, 2022 Shochiku Co., Ltd. announced that they will report Q1, 2023 results on Jul 11, 2022 Announcement • Apr 16
Shochiku Co., Ltd., Annual General Meeting, May 25, 2022 Shochiku Co., Ltd., Annual General Meeting, May 25, 2022. Reported Earnings • Apr 15
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: JP¥128 loss per share (up from JP¥831 loss in FY 2021). Revenue: JP¥71.8b (up 37% from FY 2021). Net loss: JP¥1.76b (loss narrowed 85% from FY 2021). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 50%. Over the next year, revenue is forecast to grow 16%, compared to a 6.7% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Feb 26
Shochiku Co., Ltd. to Report Fiscal Year 2022 Results on Apr 14, 2022 Shochiku Co., Ltd. announced that they will report fiscal year 2022 results on Apr 14, 2022 Reported Earnings • Jan 16
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: JP¥79.21 loss per share (down from JP¥24.83 loss in 3Q 2021). Revenue: JP¥17.4b (up 2.4% from 3Q 2021). Net loss: JP¥1.09b (loss widened 219% from 3Q 2021). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 20%. Earnings per share (EPS) missed analyst estimates by 20%. Over the next year, revenue is forecast to grow 20%, compared to a 5.5% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 15
Second quarter 2022 earnings released: JP¥18.35 loss per share (vs JP¥372 loss in 2Q 2021) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: JP¥19.9b (up 79% from 2Q 2021). Net loss: JP¥252.0m (loss narrowed 95% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 15
First quarter 2022 earnings released: JP¥149 loss per share (vs JP¥319 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥14.3b (up 67% from 1Q 2021). Net loss: JP¥2.05b (loss narrowed 53% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Reported Earnings • May 31
Full year 2021 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥52.4b (down 46% from FY 2020). Net loss: JP¥11.4b (down JP¥13.8b from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 17
Full year 2021 earnings released: JP¥830 loss per share (vs JP¥176 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥52.4b (down 46% from FY 2020). Net loss: JP¥11.4b (down JP¥13.8b from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 22
New 90-day high: JP¥15,630 The company is up 15% from its price of JP¥13,650 on 24 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Entertainment industry, which is up 24% over the same period. Is New 90 Day High Low • Feb 03
New 90-day high: JP¥15,090 The company is up 15% from its price of JP¥13,090 on 05 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 11% over the same period. Reported Earnings • Jan 15
Third quarter 2021 earnings released: JP¥24.82 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2021 results: Revenue: JP¥17.0b (down 28% from 3Q 2020). Net loss: JP¥341.0m (down 250% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 91% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 14
New 90-day high: JP¥14,910 The company is up 15% from its price of JP¥12,950 on 16 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 12% over the same period. Announcement • Nov 27
Shochiku Co., Ltd. to Report Q3, 2021 Results on Jan 14, 2021 Shochiku Co., Ltd. announced that they will report Q3, 2021 results on Jan 14, 2021 Announcement • Aug 19
Shochiku Co., Ltd. to Report Q2, 2021 Results on Oct 15, 2020 Shochiku Co., Ltd. announced that they will report Q2, 2021 results on Oct 15, 2020 
