Announcement • Jun 25
Choei Inc. (TSE:2993) announces an Equity Buyback for 241,400 shares, representing 5.5% for ¥518.77 million. Choei Inc. (TSE:2993) announces a share repurchase program. Under the program, the company will repurchase up to 241,400 shares, representing 5.5% of its issued share capital (excluding treasury stock), for a total purchase price of ¥518.77 million. The shares will be repurchased at a price of ¥2,149 per share. The repurchased shares will be used to issue shares in response to the exercise of issued stock options and restricted stock compensation, as well as to implement flexible capital policies in response to changes in the business environment and improve capital efficiency. As of March 31, 2026, the company has 4,386,968 issued shares (excluding treasury stock) and 86,432 treasury shares. Announcement • Jun 09
Choei Inc. to Report Q1, 2027 Results on Aug 12, 2026 Choei Inc. announced that they will report Q1, 2027 results on Aug 12, 2026 New Risk • May 17
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: 9.0% Last year net profit margin: 21% 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 Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (9.0% net profit margin). Market cap is less than US$100m (JP¥10.1b market cap, or US$63.3m). Reported Earnings • May 17
Full year 2026 earnings released: EPS: JP¥227 (vs JP¥471 in FY 2025) Full year 2026 results: EPS: JP¥227 (down from JP¥471 in FY 2025). Revenue: JP¥11.0b (up 9.9% from FY 2025). Net income: JP¥996.0m (down 52% from FY 2025). Profit margin: 9.0% (down from 21% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Choei Inc., Annual General Meeting, Jun 25, 2026 Choei Inc., Annual General Meeting, Jun 25, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.2%). Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥71.63 (vs JP¥19.35 in 3Q 2025) Third quarter 2026 results: EPS: JP¥71.63 (up from JP¥19.35 in 3Q 2025). Revenue: JP¥2.75b (up 8.8% from 3Q 2025). Net income: JP¥313.0m (up 268% from 3Q 2025). Profit margin: 11% (up from 3.4% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Dec 02
Choei Inc. to Report Q3, 2026 Results on Feb 10, 2026 Choei Inc. announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: JP¥44.26 (vs JP¥74.50 in 2Q 2025) Second quarter 2026 results: EPS: JP¥44.26 (down from JP¥74.50 in 2Q 2025). Revenue: JP¥2.71b (up 8.6% from 2Q 2025). Net income: JP¥195.0m (down 40% from 2Q 2025). Profit margin: 7.2% (down from 13% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 16% 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 02
Choei Inc. to Report Q2, 2026 Results on Nov 13, 2025 Choei Inc. announced that they will report Q2, 2026 results on Nov 13, 2025 Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: JP¥62.97 (vs JP¥67.92 in 1Q 2025) First quarter 2026 results: EPS: JP¥62.97 (down from JP¥67.92 in 1Q 2025). Revenue: JP¥2.54b (up 7.0% from 1Q 2025). Net income: JP¥278.0m (down 6.4% from 1Q 2025). Profit margin: 11% (down from 13% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Announcement • Aug 13
Choei Inc. (TSE:2993) announces an Equity Buyback for 100,000 shares, for ¥209.8 million. Choei Inc. (TSE:2993) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 2.27% of its issued share capital (excluding treasury stock), for a total purchase price of ¥209.8 million. The shares will be repurchased at a price of ¥2,098 per share. The repurchased shares will be used to issue shares in response to the exercise of issued stock options and restricted stock compensation, as well as to implement flexible capital policies in response to changes in the business environment and improve capital efficiency. The program is valid till August 13, 2025. As of March 31, 2025, the company has 4,414,000 issued shares (excluding treasury stock) and 59,400 treasury shares. Reported Earnings • Jun 25
Full year 2025 earnings released: EPS: JP¥471 (vs JP¥289 in FY 2024) Full year 2025 results: EPS: JP¥471 (up from JP¥289 in FY 2024). Revenue: JP¥10.0b (up 6.9% from FY 2024). Net income: JP¥2.07b (up 65% from FY 2024). Profit margin: 21% (up from 13% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • May 31
Choei Inc. to Report Q1, 2026 Results on Aug 12, 2025 Choei Inc. announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥471 (vs JP¥289 in FY 2024) Full year 2025 results: EPS: JP¥471 (up from JP¥289 in FY 2024). Revenue: JP¥10.0b (up 6.9% from FY 2024). Net income: JP¥2.07b (up 65% from FY 2024). Profit margin: 21% (up from 13% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • May 13
Choei Inc., Annual General Meeting, Jun 26, 2025 Choei Inc., Annual General Meeting, Jun 26, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥125 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Announcement • Mar 04
Choei Inc. to Report Fiscal Year 2025 Results on May 13, 2025 Choei Inc. announced that they will report fiscal year 2025 results on May 13, 2025 New Risk • Feb 12
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: 8.5% Last year net profit margin: 16% 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 Interest payments are not well covered by earnings (2.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (8.5% net profit margin). Market cap is less than US$100m (JP¥8.79b market cap, or US$57.6m). Announcement • Dec 03
Choei Inc. to Report Q3, 2025 Results on Feb 10, 2025 Choei Inc. announced that they will report Q3, 2025 results on Feb 10, 2025 Announcement • Aug 27
Choei Inc. to Report Q2, 2025 Results on Nov 13, 2024 Choei Inc. announced that they will report Q2, 2025 results on Nov 13, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥67.92 (vs JP¥76.84 in 1Q 2024) First quarter 2025 results: EPS: JP¥67.92 (down from JP¥76.84 in 1Q 2024). Revenue: JP¥2.37b (up 4.4% from 1Q 2024). Net income: JP¥297.0m (down 12% from 1Q 2024). Profit margin: 13% (down from 15% in 1Q 2024). Announcement • Jun 06
Choei Inc. to Report Q1, 2025 Results on Aug 09, 2024 Choei Inc. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥289 (vs JP¥310 in FY 2023) Full year 2024 results: EPS: JP¥289 (down from JP¥310 in FY 2023). Revenue: JP¥9.37b (up 2.2% from FY 2023). Net income: JP¥1.26b (down 8.3% from FY 2023). Profit margin: 13% (down from 15% in FY 2023). Announcement • May 16
Choei Inc., Annual General Meeting, Jun 26, 2024 Choei Inc., Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Inaugural dividend of JP¥107 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. This is the first dividend for Choei since going public. The average dividend yield among industry peers is 2.2%. Announcement • Mar 02
Choei Inc. to Report Fiscal Year 2024 Results on May 13, 2024 Choei Inc. announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥105 (vs JP¥62.54 in 3Q 2023) Third quarter 2024 results: EPS: JP¥105 (up from JP¥62.54 in 3Q 2023). Revenue: JP¥2.25b (up 2.2% from 3Q 2023). Net income: JP¥455.0m (up 66% from 3Q 2023). Profit margin: 20% (up from 13% in 3Q 2023). Announcement • Nov 29
Choei Inc. to Report Q3, 2024 Results on Feb 09, 2024 Choei Inc. announced that they will report Q3, 2024 results on Feb 09, 2024 Announcement • Nov 22
Choei Inc. (TSE:2993) announces an Equity Buyback for 100,000 shares, representing 2.28% for ¥208.8 million. Choei Inc. (TSE:2993) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 2.28% of its issued share capital (excluding treasury stock), for a total purchase price of ¥208.80 million. The shares will be repurchased at a price of ¥2,088 per share. The purpose of the program is to implement flexible capital policies in response to changes in the business environment and improve capital efficiency. As of September 30, 2023, the company has 4,381,700 issued shares (excluding treasury stock) and 91,700 treasury shares. Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥76.24 (vs JP¥54.17 in 2Q 2023) Second quarter 2024 results: EPS: JP¥76.24 (up from JP¥54.17 in 2Q 2023). Revenue: JP¥2.32b (up 8.7% from 2Q 2023). Net income: JP¥334.0m (up 39% from 2Q 2023). Profit margin: 14% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. Announcement • Sep 06
Choei Inc. to Report Q2, 2024 Results on Nov 10, 2023 Choei Inc. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥76.84 (vs JP¥109 in 1Q 2023) First quarter 2024 results: EPS: JP¥76.84 (down from JP¥109 in 1Q 2023). Revenue: JP¥2.28b (down 7.9% from 1Q 2023). Net income: JP¥336.0m (down 31% from 1Q 2023). Profit margin: 15% (down from 20% in 1Q 2023). The decrease in margin was driven by lower revenue. Announcement • Jun 11
Choei Inc. to Report Q1, 2024 Results on Aug 10, 2023 Choei Inc. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥310 (vs JP¥401 in FY 2022) Full year 2023 results: EPS: JP¥310 (down from JP¥401 in FY 2022). Revenue: JP¥9.16b (up 8.1% from FY 2022). Net income: JP¥1.37b (down 12% from FY 2022). Profit margin: 15% (down from 18% in FY 2022). The decrease in margin was driven by higher expenses. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. This is the first dividend for Choei since going public. The average dividend yield among industry peers is 3.1%. Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: JP¥62.54 (vs JP¥40.40 in 3Q 2022) Third quarter 2023 results: EPS: JP¥62.54 (up from JP¥40.40 in 3Q 2022). Revenue: JP¥2.20b (down 2.7% from 3Q 2022). Net income: JP¥275.0m (up 53% from 3Q 2022). Profit margin: 13% (up from 8.0% in 3Q 2022). The increase in margin was driven by lower expenses. Announcement • Feb 14
Choei Inc. (TSE:2993) announces an Equity Buyback for 100,000 shares, representing 2.27% for ¥185 million. Choei Inc. (TSE:2993) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 2.27% of its issued share capital (excluding treasury stock), for a total purchase price of ¥185 million. The shares will be repurchased at a price of ¥1,850 per share. The purpose of the program is to allocate funds to the exercise of issued stock options, flexibly respond to changes in the business environment and to improve the capital efficiency. As of December 31, 2022, the company had 4,401,400 issued shares (excluding treasury stock) and 72,000 treasury shares. Announcement • Dec 08
Choei Inc. to Report Q3, 2023 Results on Feb 13, 2023 Choei Inc. announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥54.17 (vs JP¥40.40 in 2Q 2022) Second quarter 2023 results: EPS: JP¥54.17 (up from JP¥40.40 in 2Q 2022). Revenue: JP¥2.13b (down 5.8% from 2Q 2022). Net income: JP¥240.0m (up 33% from 2Q 2022). Profit margin: 11% (up from 8.0% in 2Q 2022). The increase in margin was driven by lower expenses. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥54.17 (vs JP¥40.40 in 2Q 2022) Second quarter 2023 results: EPS: JP¥54.17 (up from JP¥40.40 in 2Q 2022). Revenue: JP¥2.13b (down 5.8% from 2Q 2022). Net income: JP¥240.0m (up 33% from 2Q 2022). Profit margin: 11% (up from 8.0% in 2Q 2022). The increase in margin was driven by lower expenses. Announcement • Sep 11
Choei Inc. to Report Q2, 2023 Results on Nov 11, 2022 Choei Inc. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released First quarter 2023 results: EPS: JP¥109. Revenue: JP¥2.47b (flat on 1Q 2022). Net income: JP¥488.0m (up JP¥488.0m from 1Q 2022). Profit margin: 20% (up from null in 1Q 2022). Announcement • Aug 11
Choei Inc. (TSE:2993) announces an Equity Buyback for 100,000 shares, representing 2.24% for ¥165.5 million. Choei Inc. (TSE:2993) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 2.24% of its issued share capital (excluding treasury stock), for a total purchase price of ¥165.5? million. The shares will be repurchased at a price of ¥1,655 per share. The purpose of the program is to allocate funds to the exercise of issued stock options, flexibly respond to changes in the business environment and to improve the capital efficiency. As of March 31, 2022, the company had 4,466,300 issued shares (excluding treasury stock) and 0 treasury shares. Announcement • Jun 29
Choei Inc. to Report Q1, 2023 Results on Aug 10, 2022 Choei Inc. announced that they will report Q1, 2023 results on Aug 10, 2022 Announcement • May 18
Choei Inc., Annual General Meeting, Jun 29, 2022 Choei Inc., Annual General Meeting, Jun 29, 2022. Announcement • Apr 07
Choei Inc. to Report Fiscal Year 2022 Results on May 13, 2022 Choei Inc. announced that they will report fiscal year 2022 results on May 13, 2022 Announcement • Dec 24
Choei Inc. has completed an IPO in the amount of ¥1.7154 billion. Choei Inc. has completed an IPO in the amount of ¥1.7154 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 953,000
Price\Range: ¥1800
Discount Per Security: ¥144 
