Reported Earnings • Aug 17
First quarter 2027 earnings released: EPS: JP¥2.16 (vs JP¥3.80 loss in 1Q 2026) First quarter 2027 results: EPS: JP¥2.16 (up from JP¥3.80 loss in 1Q 2026). Revenue: JP¥4.74b (up 60% from 1Q 2026). Net income: JP¥64.0m (up JP¥176.6m from 1Q 2026). Profit margin: 1.4% (up from net loss in 1Q 2026). The move to profitability was driven by higher revenue. Buy Or Sell Opportunity • Aug 05
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 6.0% to JP¥783. The fair value is estimated to be JP¥650, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last year. Earnings per share has grown by 29%. Buy Or Sell Opportunity • Jul 06
Now 21% overvalued Over the last 90 days, the stock has fallen 1.3% to JP¥780. The fair value is estimated to be JP¥643, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last year. Earnings per share has grown by 29%. Announcement • Jun 17
FaithNetwork Co.,Ltd to Report Q1, 2027 Results on Aug 14, 2026 FaithNetwork Co.,Ltd announced that they will report Q1, 2027 results on Aug 14, 2026 Buy Or Sell Opportunity • Jun 15
Now 21% overvalued Over the last 90 days, the stock has fallen 19% to JP¥705. The fair value is estimated to be JP¥583, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last year. Earnings per share has grown by 29%. Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥121 (vs JP¥93.46 in FY 2025) Full year 2026 results: EPS: JP¥121 (up from JP¥93.46 in FY 2025). Revenue: JP¥32.9b (up 10.0% from FY 2025). Net income: JP¥3.59b (up 30% from FY 2025). Profit margin: 11% (up from 9.3% in FY 2025). The increase in margin was driven by higher revenue. Announcement • May 15
FaithNetwork Co.,Ltd, Annual General Meeting, Jun 26, 2026 FaithNetwork Co.,Ltd, Annual General Meeting, Jun 26, 2026. Buy Or Sell Opportunity • May 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to JP¥693. The fair value is estimated to be JP¥868, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last year. Earnings per share has grown by 110%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 25% and the cash payout ratio is 77%. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.2%). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥33.70 (vs JP¥10.29 in 3Q 2025) Third quarter 2026 results: EPS: JP¥33.70 (up from JP¥10.29 in 3Q 2025). Revenue: JP¥8.50b (up 69% from 3Q 2025). Net income: JP¥999.0m (up 228% from 3Q 2025). Profit margin: 12% (up from 6.1% in 3Q 2025). The increase in margin was driven by higher revenue. Announcement • Dec 16
FaithNetwork Co.,Ltd to Report Q3, 2026 Results on Feb 13, 2026 FaithNetwork Co.,Ltd announced that they will report Q3, 2026 results on Feb 13, 2026 New Risk • Nov 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risk Less than 3 years of financial data is available. Reported Earnings • Nov 18
Second quarter 2026 earnings released Second quarter 2026 results: Revenue: JP¥5.66b (down 7.8% from 2Q 2025). Net income: JP¥470.6m (up 37% from 2Q 2025). Profit margin: 8.3% (up from 5.6% in 2Q 2025). The increase in margin was driven by lower expenses. Declared Dividend • Nov 17
Dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 4.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 30% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 26% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Sep 23
FaithNetwork Co.,Ltd to Report Q2, 2026 Results on Nov 14, 2025 FaithNetwork Co.,Ltd announced that they will report Q2, 2026 results on Nov 14, 2025 Reported Earnings • Aug 15
First quarter 2026 earnings released: JP¥11.40 loss per share (vs JP¥158 profit in 1Q 2025) First quarter 2026 results: JP¥11.40 loss per share (down from JP¥158 profit in 1Q 2025). Revenue: JP¥2.95b (down 81% from 1Q 2025). Net loss: JP¥112.6m (down 107% from profit in 1Q 2025). Reported Earnings • Jun 30
Full year 2025 earnings released: EPS: JP¥280 (vs JP¥95.56 in FY 2024) Full year 2025 results: EPS: JP¥280 (up from JP¥95.56 in FY 2024). Revenue: JP¥29.9b (up 34% from FY 2024). Net income: JP¥2.77b (up 194% from FY 2024). Profit margin: 9.3% (up from 4.2% in FY 2024). The increase in margin was driven by higher revenue. Announcement • Jun 14
FaithNetwork Co.,Ltd to Report Q1, 2026 Results on Aug 13, 2025 FaithNetwork Co.,Ltd announced that they will report Q1, 2026 results on Aug 13, 2025 Reported Earnings • May 21
Full year 2025 earnings released: EPS: JP¥280 (vs JP¥95.56 in FY 2024) Full year 2025 results: EPS: JP¥280 (up from JP¥95.56 in FY 2024). Revenue: JP¥29.9b (up 34% from FY 2024). Net income: JP¥2.77b (up 194% from FY 2024). Profit margin: 9.3% (up from 4.2% in FY 2024). The increase in margin was driven by higher revenue. Announcement • May 15
FaithNetwork Co.,Ltd, Annual General Meeting, Jun 25, 2025 FaithNetwork Co.,Ltd, Annual General Meeting, Jun 25, 2025. Buy Or Sell Opportunity • Apr 08
Now 22% overvalued Over the last 90 days, the stock has fallen 1.0% to JP¥1,733. The fair value is estimated to be JP¥1,425, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,565, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 10x in the Real Estate industry in Japan. Total returns to shareholders of 171% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥96.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Announcement • Mar 18
FaithNetwork Co.,Ltd to Report Fiscal Year 2025 Results on May 15, 2025 FaithNetwork Co.,Ltd announced that they will report fiscal year 2025 results on May 15, 2025 Buy Or Sell Opportunity • Jan 24
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to JP¥1,768. The fair value is estimated to be JP¥1,447, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Jan 07
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.5% to JP¥1,773. The fair value is estimated to be JP¥1,460, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Announcement • Dec 17
FaithNetwork Co.,Ltd to Report Q3, 2025 Results on Feb 14, 2025 FaithNetwork Co.,Ltd announced that they will report Q3, 2025 results on Feb 14, 2025 Buy Or Sell Opportunity • Nov 18
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 4.7% to JP¥1,679. The fair value is estimated to be JP¥1,397, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Declared Dividend • Nov 16
Dividend of JP¥96.00 announced Shareholders will receive a dividend of JP¥96.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 5.9%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (47% 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 company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Earnings per share has remained steady over the last 5 years. Unless this trend deteriorates, it should provide adequate earnings cover for the dividend. New Risk • Oct 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.2b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (55% accrual ratio). Minor Risks Less than 3 years of financial data is available. Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥15.2b market cap, or US$99.8m). Announcement • Sep 21
FaithNetwork Co.,Ltd to Report Q2, 2025 Results on Nov 14, 2024 FaithNetwork Co.,Ltd announced that they will report Q2, 2025 results on Nov 14, 2024 New Risk • Aug 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (7.6% average weekly change). High level of non-cash earnings (55% accrual ratio). Minor Risks Less than 3 years of financial data is available. Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥12.8b market cap, or US$90.1m). New Risk • Aug 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.7b (US$98.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (55% accrual ratio). Minor Risks Less than 3 years of financial data is available. Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (JP¥14.7b market cap, or US$98.6m). Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,486, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 12x in the Real Estate industry in Japan. Total returns to shareholders of 142% over the past three years. Announcement • Jun 21
FaithNetwork Co.,Ltd to Report Q1, 2025 Results on Aug 14, 2024 FaithNetwork Co.,Ltd announced that they will report Q1, 2025 results on Aug 14, 2024 Announcement • May 17
FaithNetwork Co.,Ltd, Annual General Meeting, Jun 26, 2024 FaithNetwork Co.,Ltd, Annual General Meeting, Jun 26, 2024. New Risk • Mar 25
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 7.3% 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 No financial data reported. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (JP¥12.7b market cap, or US$84.1m). Announcement • Mar 21
FaithNetwork Co.,Ltd to Report Fiscal Year 2024 Results on May 15, 2024 FaithNetwork Co.,Ltd announced that they will report fiscal year 2024 results on May 15, 2024 Announcement • Feb 22
Faithnetwork Co.,Ltd Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024 FaithNetwork Co.,Ltd provided dividend guidance for the Fiscal year ending March 31, 2024. For the year, company expects to pay dividend of JPY 71.00 per share against JPY 84.00 per share for the previous period. New Risk • Jan 18
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (JP¥14.5b market cap, or US$98.2m). Announcement • Dec 22
FaithNetwork Co.,Ltd to Report Q3, 2024 Results on Feb 14, 2024 FaithNetwork Co.,Ltd announced that they will report Q3, 2024 results on Feb 14, 2024 Announcement • Nov 22
FaithNetwork Co.,Ltd Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 FaithNetwork Co.,Ltd provided consolidated earnings guidance for the Fiscal Year Ending March 31, 2024. For the year ending March 31, 2024, the company expects net sales of ¥28,000 million, an Operating profit of ¥3,300 million, Profit attributable to owners of the parent of ¥2,000 million or ¥202.77 basic per share. Reported Earnings • Nov 20
Second quarter 2024 earnings released: JP¥17.53 loss per share (vs JP¥23.16 profit in 2Q 2023) Second quarter 2024 results: JP¥17.53 loss per share (down from JP¥23.16 profit in 2Q 2023). Revenue: JP¥1.81b (down 52% from 2Q 2023). Net loss: JP¥173.0m (down 250% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 34% per year. Announcement • Sep 15
FaithNetwork Co.,Ltd to Report Q2, 2024 Results on Nov 14, 2023 FaithNetwork Co.,Ltd announced that they will report Q2, 2024 results on Nov 14, 2023 Reported Earnings • Aug 16
First quarter 2024 earnings released: JP¥30.13 loss per share (vs JP¥1.62 profit in 1Q 2023) First quarter 2024 results: JP¥30.13 loss per share (down from JP¥1.62 profit in 1Q 2023). Revenue: JP¥1.34b (down 62% from 1Q 2023). Net loss: JP¥297.0m (down JP¥305.0m from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. New Risk • Aug 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.0b (US$98.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (29% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥14.0b market cap, or US$98.4m). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,549, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 10x in the Real Estate industry in Japan. Total returns to shareholders of 215% over the past three years. Announcement • Jun 21
FaithNetwork Co.,Ltd to Report Q1, 2024 Results on Aug 14, 2023 FaithNetwork Co.,Ltd announced that they will report Q1, 2024 results on Aug 14, 2023 Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,573, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 10x in the Real Estate industry in Japan. Total returns to shareholders of 213% over the past three years. Announcement • May 25
FaithNetwork Co.,Ltd (TSE:3489) agreed to acquire Iwamotogumi Co., Ltd. from Evol Zone Co., Ltd. for ¥680 million. FaithNetwork Co.,Ltd (TSE:3489) agreed to acquire Iwamotogumi Co., Ltd. from Evol Zone Co., Ltd. for ¥680 million on May 23, 2023. The Iwamotogumi had net worth, total assets, sales, operating income and net profit of ¥136.85 million, ¥1096.238 million, ¥2803.898 million, ¥6.514 million and ¥5.3060 million, respectively for September 30, 2023. The transaction is expected to close on July 14, 2023. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥962, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 10x in the Real Estate industry in Japan. Total returns to shareholders of 124% over the past three years. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥84.00 per share Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. This is the first dividend for FaithNetworkLtd since going public. The average dividend yield among industry peers is 3.1%. Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: JP¥123 (vs JP¥42.19 in 3Q 2022) Third quarter 2023 results: EPS: JP¥123 (up from JP¥42.19 in 3Q 2022). Revenue: JP¥5.61b (up 39% from 3Q 2022). Net income: JP¥611.0m (up 192% from 3Q 2022). Profit margin: 11% (up from 5.2% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥1,681, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 9x in the Real Estate industry in Japan. Total returns to shareholders of 20% over the past three years. Announcement • Dec 14
FaithNetwork Co.,Ltd to Report Q3, 2023 Results on Feb 14, 2023 FaithNetwork Co.,Ltd announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: JP¥23.16 (vs JP¥30.10 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥23.16 (up from JP¥30.10 loss in 2Q 2022). Revenue: JP¥3.77b (up 105% from 2Q 2022). Net income: JP¥115.0m (up JP¥264.0m from 2Q 2022). Profit margin: 3.1% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Sachio Ishibashi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: JP¥23.16 (vs JP¥30.10 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥23.16 (up from JP¥30.10 loss in 2Q 2022). Revenue: JP¥3.77b (up 105% from 2Q 2022). Net income: JP¥115.0m (up JP¥264.0m from 2Q 2022). Profit margin: 3.1% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Nov 09
FaithNetwork Co.,Ltd (TSE:3489) announces an Equity Buyback for 40,000 shares, representing 0.81% for ¥78 million. FaithNetwork Co.,Ltd (TSE:3489) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 0.81% of its issued share capital (excluding treasury stock), for a total purchase price of ¥78 million. The purpose of the program is to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment. The program will be valid till February 10, 2023. As of September 30, 2022, the company had 4,968,682 issued shares (excluding treasury stock) and 11,318 treasury shares. Announcement • Sep 22
FaithNetwork Co.,Ltd to Report Q2, 2023 Results on Nov 08, 2022 FaithNetwork Co.,Ltd announced that they will report Q2, 2023 results on Nov 08, 2022 Announcement • Sep 16
FaithNetwork Co.,Ltd (TSE:3489) agreed to acquire and Graph Co., Ltd. from Hiroyuki Nakagawara and Jinya Kitayama. FaithNetwork Co.,Ltd (TSE:3489) agreed to acquire and Graph Co., Ltd. from Hiroyuki Nakagawara and Jinya Kitayama on September 14, 2022. The transaction is expected to close on October 1, 2022. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: JP¥1.62 (vs JP¥24.37 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥1.62 (up from JP¥24.37 loss in 1Q 2022). Revenue: JP¥3.47b (up 146% from 1Q 2022). Net income: JP¥8.00m (up JP¥129.0m from 1Q 2022). Profit margin: 0.2% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year. Announcement • Jun 17
FaithNetwork Co.,Ltd to Report Q1, 2023 Results on Aug 12, 2022 FaithNetwork Co.,Ltd announced that they will report Q1, 2023 results on Aug 12, 2022 Announcement • May 18
FaithNetwork Co.,Ltd, Annual General Meeting, Jun 28, 2022 FaithNetwork Co.,Ltd, Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Sachio Ishibashi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
FaithNetwork Co.,Ltd to Report Fiscal Year 2022 Results on May 16, 2022 FaithNetwork Co.,Ltd announced that they will report fiscal year 2022 results on May 16, 2022 Upcoming Dividend • Mar 23
Inaugural dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. The company is not currently making a profit and is not cash flow positive. This is the first dividend for FaithNetworkLtd since going public. The average dividend yield among industry peers is 2.6%. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥42.19 (up from JP¥33.54 loss in 3Q 2021). Revenue: JP¥4.04b (up 427% from 3Q 2021). Net income: JP¥209.0m (up JP¥376.0m from 3Q 2021). Profit margin: 5.2% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Nov 22
FaithNetwork Co.,Ltd Provides Earnings Guidance for the Fiscal Year Ending March 31, 2022 FaithNetwork Co.,Ltd provided earnings guidance for the fiscal year ending March 31, 2022. For the year, the company expects net sales of JPY 20,000 million, operating profit of JPY 1,280 million and profit of JPY 710 million or JPY 142.57 per basic share. Reported Earnings • Nov 12
Second quarter 2022 earnings released: JP¥30.10 loss per share (vs JP¥46.19 profit in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2022 results: Revenue: JP¥1.83b (down 76% from 2Q 2021). Net loss: JP¥149.0m (down 165% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Aug 21
FaithNetwork Co.,Ltd Provides Earnings Guidance for the Fiscal Year Ending March 31, 2022 FaithNetwork Co.,Ltd provided earnings guidance for the fiscal year ending March 31, 2022. For the year, the company expects net sales of JPY 20,000 million, operating profit of JPY 1,280 million and profit of JPY 710 million or JPY 142.57 per basic share. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥117 (vs JP¥110 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: JP¥18.8b (up 9.8% from FY 2020). Net income: JP¥585.0m (up 6.8% from FY 2020). Profit margin: 3.1% (down from 3.2% in FY 2020). The decrease in margin was driven by higher expenses. 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 18% per year, which means it is performing significantly worse than earnings. Announcement • May 15
FaithNetwork Co.,Ltd (TSE:3489) announces an Equity Buyback for 40,000 shares, representing 0.8% for ¥78 million. FaithNetwork Co.,Ltd (TSE:3489) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 0.8% of its issued share capital (excluding treasury stock), for a total purchase price of ¥78 million. The purpose of the program is to enable the improvement of capital efficiency and the flexible execution of capital policies in response to changes in the business environment, as well as the enhancement of shareholder returns. The program will be valid till June 14, 2021. As of March 31, 2021, the company had 4,979,923 issued shares (excluding treasury stock) and 77 treasury shares. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥32.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. This is the first dividend for FaithNetworkLtd since going public. The average dividend yield among industry peers is 2.1%. Reported Earnings • Feb 12
Third quarter 2021 earnings released: JP¥33.54 loss per share (vs JP¥11.45 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¥767.0m (down 74% from 3Q 2020). Net loss: JP¥167.0m (down 393% from profit in 3Q 2020). Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,399, the stock is trading at a trailing P/E ratio of 9x, up from the previous P/E ratio of 7.5x. This compares to an average P/E of 14x in the Real Estate industry in Japan. Total return to shareholders over the past year is a loss of 6.3%. Is New 90 Day High Low • Feb 02
New 90-day high: JP¥1,260 The company is up 12% from its price of JP¥1,123 on 04 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Real Estate industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: JP¥1,033 The company is down 13% from its price of JP¥1,190 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 02
New 90-day low: JP¥1,065 The company is down 17% from its price of JP¥1,285 on 03 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 14% over the same period. 
