Reported Earnings • Jan 30
Third quarter 2025 earnings released: JP¥30.37 loss per share (vs JP¥34.74 loss in 3Q 2024) Third quarter 2025 results: JP¥30.37 loss per share (improved from JP¥34.74 loss in 3Q 2024). Revenue: JP¥3.05b (up 7.0% from 3Q 2024). Net loss: JP¥232.0m (loss narrowed 13% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year. Announcement • Dec 03
Housecom Corporation to Report Q3, 2025 Results on Jan 29, 2025 Housecom Corporation announced that they will report Q3, 2025 results on Jan 29, 2025 Reported Earnings • Oct 31
First half 2025 earnings released: JP¥11.79 loss per share (vs JP¥15.69 loss in 1H 2024) First half 2025 results: JP¥11.79 loss per share (improved from JP¥15.69 loss in 1H 2024). Revenue: JP¥6.58b (up 5.4% from 1H 2024). Net loss: JP¥90.0m (loss narrowed 26% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 2% per year. Announcement • Oct 30
Daito Trust Construction Co.,Ltd. (TSE:1878) agreed to acquire remaining 47.64% stake in Housecom Corporation (TSE:3275) from Hikari Tsushin, Employee Stock Association of Housecom, Katsumi Tada, Kei Tamura, Mitsutoshi Taura, UH Partners 2, The Master Trust Bank of Japan, Ltd., Masanori Adachi, Hideki Asano, Hitoshi Kadouchi and Sumitomo Life Insurance Company for JPY 4.97 billion. Daito Trust Construction Co.,Ltd. (TSE:1878) agreed to acquire remaining 47.64% stake in Housecom Corporation (TSE:3275) from Hikari Tsushin, Inc., Employee Stock Association of Housecom, Katsumi Tada, Kei Tamura, Mitsutoshi Taura, UH Partners 2, Inc., The Master Trust Bank of Japan, Ltd. (Trust Account), Masanori Adachi, Hideki Asano, Hitoshi Kadouchi and Sumitomo Life Insurance Company for JPY 4.97 billion on October 29, 2024. Upon completion, Daito Trust Construction Co.,Ltd. will own 100% stake in Housecom Corporation. Daito Trust Construction Co.,Ltd. will issue 0.296 million shares. The exchange ratio for the deal is 12.5. The transaction is subject to approval of merger agreement by target board. The Board of Directors of Housecom Corporation formed a special committee for the transaction. The deal has been unanimously approved by the board. The expected completion of the transaction is February 1, 2025. The ordinary shares of Housecom Corporation will be delisted from the Standard Market of Tokyo Stock Exchange, Inc. Nomura Securities Co., Ltd. acted as financial advisor for Daito Trust Construction Co.,Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor for Daito Trust Construction Co.,Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for Housecom Corporation. Nishimura & Asahi acted as legal advisor for Housecom Corporation. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥1,314, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 11x in the Real Estate industry in Japan. Total returns to shareholders of 7.6% over the past three years. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.6%). Announcement • Sep 11
Housecom Corporation to Report Q2, 2025 Results on Oct 31, 2024 Housecom Corporation announced that they will report Q2, 2025 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥876, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 11x in the Real Estate industry in Japan. Total loss to shareholders of 22% over the past three years. Reported Earnings • Aug 02
First quarter 2025 earnings released: JP¥1.18 loss per share (vs JP¥6.61 loss in 1Q 2024) First quarter 2025 results: JP¥1.18 loss per share (improved from JP¥6.61 loss in 1Q 2024). Revenue: JP¥3.42b (up 6.2% from 1Q 2024). Net loss: JP¥9.00m (loss narrowed 82% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 11% 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. Buy Or Sell Opportunity • Jul 30
Now 21% undervalued Over the last 90 days, the stock has risen 8.1% to JP¥1,009. The fair value is estimated to be JP¥1,272, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 13%. Buy Or Sell Opportunity • Jul 09
Now 20% undervalued Over the last 90 days, the stock has risen 14% to JP¥1,042. The fair value is estimated to be JP¥1,303, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 13%. Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: JP¥53.23 (vs JP¥42.43 in FY 2023) Full year 2024 results: EPS: JP¥53.23 (up from JP¥42.43 in FY 2023). Revenue: JP¥13.5b (down 4.6% from FY 2023). Net income: JP¥410.0m (up 25% from FY 2023). Profit margin: 3.0% (up from 2.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Jun 27
Housecom Corporation to Report Q1, 2025 Results on Jul 31, 2024 Housecom Corporation announced that they will report Q1, 2025 results on Jul 31, 2024 Announcement • May 05
Housecom Corporation, Annual General Meeting, Jun 20, 2024 Housecom Corporation, Annual General Meeting, Jun 20, 2024. Reported Earnings • May 04
Full year 2024 earnings released: EPS: JP¥53.23 (vs JP¥42.43 in FY 2023) Full year 2024 results: EPS: JP¥53.23 (up from JP¥42.43 in FY 2023). Revenue: JP¥13.5b (down 4.6% from FY 2023). Net income: JP¥410.0m (up 25% from FY 2023). Profit margin: 3.0% (up from 2.3% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.2%). Announcement • Mar 03
Housecom Corporation to Report Fiscal Year 2024 Results on May 02, 2024 Housecom Corporation announced that they will report fiscal year 2024 results on May 02, 2024 Reported Earnings • Feb 19
Third quarter 2024 earnings released: JP¥34.74 loss per share (vs JP¥32.67 loss in 3Q 2023) Third quarter 2024 results: JP¥34.74 loss per share (further deteriorated from JP¥32.67 loss in 3Q 2023). Revenue: JP¥2.85b (down 4.2% from 3Q 2023). Net loss: JP¥268.0m (loss widened 6.3% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year. Announcement • Dec 09
Housecom Corporation to Report Q3, 2024 Results on Jan 30, 2024 Housecom Corporation announced that they will report Q3, 2024 results on Jan 30, 2024 Announcement • Dec 02
Housecom Corporation (TSE:3275) announces an Equity Buyback for 80,000 shares, representing 1.04% for ¥76 million. Housecom Corporation (TSE:3275) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 1.04% of its share capital, for ¥76 million. The company will repurchase its shares in order to use for incentive plans for directors and employees. The program will run until July 31, 2024. As of October 31, 2023, the company had 7,721,662 shares outstanding (excluding treasury shares) and 68,338 shares in treasury. Reported Earnings • Nov 01
Second quarter 2024 earnings released: JP¥9.07 loss per share (vs JP¥14.02 loss in 2Q 2023) Second quarter 2024 results: JP¥9.07 loss per share (improved from JP¥14.02 loss in 2Q 2023). Revenue: JP¥3.02b (down 5.8% from 2Q 2023). Net loss: JP¥70.0m (loss narrowed 35% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 14% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥8.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.6%). Announcement • Sep 03
Housecom Corporation to Report Q2, 2024 Results on Oct 30, 2023 Housecom Corporation announced that they will report Q2, 2024 results on Oct 30, 2023 New Risk • Jul 30
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: 1.3% Last year net profit margin: 3.0% 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 Earnings have declined by 13% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (JP¥7.00b market cap, or US$49.6m). Reported Earnings • Jul 29
First quarter 2024 earnings released: JP¥6.61 loss per share (vs JP¥11.82 profit in 1Q 2023) First quarter 2024 results: JP¥6.61 loss per share (down from JP¥11.82 profit in 1Q 2023). Revenue: JP¥3.22b (down 12% from 1Q 2023). Net loss: JP¥51.0m (down 156% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 11% per year, which means it is performing significantly worse than earnings. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 5 highly experienced directors. Independent Outside Director Eiji Kawahara was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jun 11
Housecom Corporation to Report Q1, 2024 Results on Jul 28, 2023 Housecom Corporation announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: JP¥42.43 (vs JP¥48.21 in FY 2022) Full year 2023 results: EPS: JP¥42.43 (down from JP¥48.21 in FY 2022). Revenue: JP¥14.2b (flat on FY 2022). Net income: JP¥327.0m (down 12% from FY 2022). Profit margin: 2.3% (down from 2.6% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 6% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share at 1.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.1%). Reported Earnings • Jan 31
Third quarter 2023 earnings released: JP¥32.67 loss per share (vs JP¥28.41 loss in 3Q 2022) Third quarter 2023 results: JP¥32.67 loss per share (further deteriorated from JP¥28.41 loss in 3Q 2022). Revenue: JP¥2.97b (down 2.5% from 3Q 2022). Net loss: JP¥252.0m (loss widened 15% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Announcement • Dec 18
Housecom Corporation to Report Q3, 2023 Results on Jan 30, 2023 Housecom Corporation announced that they will report Q3, 2023 results on Jan 30, 2023 Reported Earnings • Oct 28
Second quarter 2023 earnings released: JP¥14.02 loss per share (vs JP¥19.17 loss in 2Q 2022) Second quarter 2023 results: JP¥14.02 loss per share (improved from JP¥19.17 loss in 2Q 2022). Revenue: JP¥3.21b (up 1.4% from 2Q 2022). Net loss: JP¥108.0m (loss narrowed 27% from 2Q 2022). Announcement • Sep 28
Housecom Corporation to Report Q2, 2023 Results on Oct 27, 2022 Housecom Corporation announced that they will report Q2, 2023 results on Oct 27, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.6%). Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥11.82 (vs JP¥3.75 in 1Q 2022) First quarter 2023 results: EPS: JP¥11.82 (up from JP¥3.75 in 1Q 2022). Revenue: JP¥3.65b (up 5.1% from 1Q 2022). Net income: JP¥91.0m (up 214% from 1Q 2022). Profit margin: 2.5% (up from 0.8% in 1Q 2022). The increase in margin was driven by higher revenue. Announcement • Jun 29
Housecom Corporation to Report Q1, 2023 Results on Jul 27, 2022 Housecom Corporation announced that they will report Q1, 2023 results on Jul 27, 2022 Reported Earnings • Jun 22
Full year 2022 earnings released: EPS: JP¥48.21 (vs JP¥40.34 in FY 2021) Full year 2022 results: EPS: JP¥48.21 (up from JP¥40.34 in FY 2021). Revenue: JP¥14.2b (up 16% from FY 2021). Net income: JP¥372.0m (up 19% from FY 2021). Profit margin: 2.6% (in line with FY 2021). Announcement • May 02
Housecom Corporation, Annual General Meeting, Jun 17, 2022 Housecom Corporation, Annual General Meeting, Jun 17, 2022. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥48.21 (vs JP¥40.34 in FY 2021) Full year 2022 results: EPS: JP¥48.21 (up from JP¥40.34 in FY 2021). Revenue: JP¥14.2b (up 16% from FY 2021). Net income: JP¥372.0m (up 19% from FY 2021). Profit margin: 2.6% (in line with FY 2021). Announcement • Apr 08
Housecom Corporation to Report Fiscal Year 2022 Results on Apr 28, 2022 Housecom Corporation announced that they will report fiscal year 2022 results on Apr 28, 2022 Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥28.41 loss per share (down from JP¥23.38 loss in 3Q 2021). Revenue: JP¥3.05b (up 15% from 3Q 2021). Net loss: JP¥219.0m (loss widened 21% from 3Q 2021). Revenue was in line with analyst estimates. Reported Earnings • Oct 29
Second quarter 2022 earnings released: JP¥19.17 loss per share (vs JP¥8.67 profit in 2Q 2021) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥3.16b (up 4.3% from 2Q 2021). Net loss: JP¥148.0m (down 321% from profit in 2Q 2021). Upcoming Dividend • Sep 22
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 03 December 2021. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (2.3%). Reported Earnings • Jul 30
First quarter 2022 earnings released: EPS JP¥3.75 (vs JP¥28.09 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥3.47b (up 32% from 1Q 2021). Net income: JP¥29.0m (up JP¥246.0m from 1Q 2021). Profit margin: 0.8% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS JP¥40.34 (vs JP¥87.16 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥12.3b (down 5.5% from FY 2020). Net income: JP¥312.0m (down 54% from FY 2020). Profit margin: 2.5% (down from 5.2% in FY 2020). The decrease in margin was driven by lower revenue. Announcement • May 22
Housecom Corporation (TSE:3275) announces an Equity Buyback for 70,000 shares, representing 0.9% for ¥110 million. Housecom Corporation (TSE:3275) announces a share repurchase program. Under the program, the company will repurchase 70,000 shares, representing 0.9% of its share capital, for ¥110 million. The company will repurchase its shares in order to use for incentive plans for directors and employees. The program will run until November 30, 2021. As of March 31, 2021, the company had 7,742,862 shares outstanding (excluding treasury shares) and 47,138 shares in treasury. Reported Earnings • May 04
Full year 2021 earnings released: EPS JP¥40.34 (vs JP¥87.16 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥12.3b (down 5.5% from FY 2020). Net income: JP¥312.0m (down 54% from FY 2020). Profit margin: 2.5% (down from 5.2% in FY 2020). The decrease in margin was driven by lower revenue. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 22 June 2021. Trailing yield: 2.7%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (2.1%). Reported Earnings • Jan 30
Third quarter 2021 earnings released: JP¥23.38 loss per share (vs JP¥73.00 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥2.66b (down 34% from 3Q 2020). Net loss: JP¥181.0m (down 132% from profit in 3Q 2020). Is New 90 Day High Low • Jan 26
New 90-day high: JP¥1,358 The company is up 5.0% from its price of JP¥1,288 on 28 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 7.0% over the same period. Is New 90 Day High Low • Jan 07
New 90-day high: JP¥1,351 The company is up 5.0% from its price of JP¥1,292 on 09 October 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 4.0% over the same period. Announcement • Dec 25
Housecom Corporation (TSE:3275) signed a contract to acquire Takuto.Co., Ltd. from Takuto Holdings Co., Ltd. for ¥1 billion. Housecom Corporation (TSE:3275) signed a contract to acquire Takuto.Co., Ltd. from Takuto Holdings Co., Ltd. for ¥1 billion on December 23, 2020. Housecom will acquire 200 shares. Post completion, Takuto will become a wholly owned subsidiary of Housecom. For the year ended September 30, 2020, Takuto had net liabilities of ¥150 million, total assets of ¥2.85 billion, sales of ¥1.79 billion, and net loss of ¥386 million. Transaction was resolved by Board of Housecom. Transaction is expected to close on March 1, 2021. Is New 90 Day High Low • Dec 15
New 90-day high: JP¥1,348 The company is up 2.0% from its price of JP¥1,326 on 16 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 9.0% over the same period. Announcement • Dec 05
Housecom Corporation to Report Q3, 2021 Results on Jan 28, 2021 Housecom Corporation announced that they will report Q3, 2021 results on Jan 28, 2021 Announcement • Sep 12
Housecom Corporation to Report Q2, 2021 Results on Oct 29, 2020 Housecom Corporation announced that they will report Q2, 2021 results on Oct 29, 2020 Announcement • Jul 30
Housecom Corporation (TSE:3275) cancelled the acqusition of SK Building Construction Materials Co., Ltd. from Nobuyoshi Takeda. Housecom Corporation (TSE:3275) entered into an agreement to acquire SK Building Construction Materials Co., Ltd. from Nobuyoshi Takeda on June 21, 2019. Post completion, SK Building Construction Materials Co., Ltd. will be consolidated into Housecom Corporation's subsidiary. For the year ended November 2018, SK Building Construction Materials Co., Ltd. reported net assets of ¥145.56 million, total assets of ¥ 254.45 million, sales of ¥668.55 million, operating profit of ¥60.27 million, net income of ¥41.55 million. The transaction is expected to complete on July 1, 2019.
Housecom Corporation (TSE:3275) cancelled the acqusition of SK Building Construction Materials Co., Ltd. from Nobuyoshi Takeda on June 21, 2020. Announcement • Jun 20
Housecom Corporation to Report Q1, 2021 Results on Jul 30, 2020 Housecom Corporation announced that they will report Q1, 2021 results on Jul 30, 2020