Announcement • Jul 29
and ST HD Co.,Ltd. Temporarily Closes 18 Stores And Suspends E-Commerce Deliveries Due To Kumamoto Earthquake and ST HD Co.,Ltd. had a few minor injuries confirmed among the Company's employees, but no fatal or serious injuries involving human life had been reported. At present, all 18 stores in Kumamoto Prefecture were temporarily closed. Future operations would be decided upon thorough consultation with the respective developers. Deliveries for e-commerce sales had been temporarily suspended across all areas of Kumamoto Prefecture and parts of Miyazaki Prefecture. Additionally, delivery delays may occur in other prefectures of the Kyushu region. The impact of this earthquake on the Company's financial results was currently being assessed. The Company would promptly disclose any material developments requiring timely disclosure. Reported Earnings • Jul 02
First quarter 2027 earnings: Revenues and EPS in line with analyst expectations First quarter 2027 results: EPS: JP¥84.72 (down from JP¥94.70 in 1Q 2026). Revenue: JP¥80.3b (up 3.7% from 1Q 2026). Net income: JP¥3.91b (down 11% from 1Q 2026). Profit margin: 4.9% (down from 5.6% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jun 19
and ST HD Co.,Ltd. (TSE:2685) entered into an agreement to acquire 68% stake in Sixty Percent Co., Ltd. from Taiga Manabe and Nanae Matsuoka. and ST HD Co.,Ltd. (TSE:2685) entered into an agreement to acquire 68% stake in Sixty Percent Co., Ltd. from Taiga Manabe and Nanae Matsuoka on June 17, 2026.
Following the closing of the transaction, Taiga Manabe and Nanae Matsuoka, co-founders of Sixty Percent Co., Ltd., will retain a 32% stake and continue to lead the company's management.
The expected completion of the transaction is June 30, 2026. Board Change • Jun 14
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Senior Executive Officer, Head of Logistics Division & Director Masatake Hayashi was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Jun 12
Final dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 28th August 2026 Payment date: 22nd October 2026 Dividend yield will be 2.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 5.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 07
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥206 (down from JP¥209 in FY 2025). Revenue: JP¥304.4b (up 3.8% from FY 2025). Net income: JP¥9.50b (down 1.2% from FY 2025). Profit margin: 3.1% (down from 3.3% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Apr 06
and ST HD Co.,Ltd., Annual General Meeting, May 27, 2026 and ST HD Co.,Ltd., Annual General Meeting, May 27, 2026. Buy Or Sell Opportunity • Mar 03
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.6% to JP¥2,775. The fair value is estimated to be JP¥3,588, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.1% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 7.3% per annum over the same time period. Upcoming Dividend • Feb 19
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 11 May 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.4%). Reported Earnings • Dec 30
Third quarter 2026 earnings: EPS misses analyst expectations Third quarter 2026 results: EPS: JP¥77.39 (up from JP¥63.92 in 3Q 2025). Revenue: JP¥78.0b (up 2.8% from 3Q 2025). Net income: JP¥3.57b (up 21% from 3Q 2025). Profit margin: 4.6% (up from 3.9% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 37%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 7% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Oct 23
First half dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 26th February 2026 Payment date: 11th May 2026 Dividend yield will be 3.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (71% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 01
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: EPS: JP¥34.97 (down from JP¥55.04 in 2Q 2025). Revenue: JP¥71.9b (up 2.4% from 2Q 2025). Net income: JP¥1.61b (down 37% from 2Q 2025). Profit margin: 2.2% (down from 3.6% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 8% per year. Upcoming Dividend • Aug 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 22 October 2025. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Declared Dividend • Jun 18
Final dividend increased to JP¥45.00 Dividend of JP¥45.00 is 29% higher than last year. Ex-date: 28th August 2025 Payment date: 22nd October 2025 Dividend yield will be 3.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Jun 12
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Etsuko Shakespeare was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 04
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥209 (down from JP¥298 in FY 2024). Revenue: JP¥293.1b (up 6.4% from FY 2024). Net income: JP¥9.61b (down 29% from FY 2024). Profit margin: 3.3% (down from 4.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail 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 only increased by 10% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • May 20
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.9% to JP¥2,801. The fair value is estimated to be JP¥3,616, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Buy Or Sell Opportunity • Apr 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to JP¥2,916. The fair value is estimated to be JP¥3,672, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Reported Earnings • Apr 05
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥209 (down from JP¥298 in FY 2024). Revenue: JP¥293.1b (up 6.4% from FY 2024). Net income: JP¥9.61b (down 29% from FY 2024). Profit margin: 3.3% (down from 4.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Specialty Retail 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 only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Apr 04
Adastria Co., Ltd., Annual General Meeting, May 29, 2025 Adastria Co., Ltd., Annual General Meeting, May 29, 2025. Announcement • Apr 03
ITOCHU Corporation (TSE:8001) and Adastria Co., Ltd. (TSE:2685) acquired Karrimor International Limited. ITOCHU Corporation (TSE:8001) and Adastria Co., Ltd. (TSE:2685) acquired Karrimor International Limited on March 31, 2025. With this acquisition, Adastria will begin developing the outdoor brand Karrimor through a joint venture with Itochu Corporation.
ITOCHU Corporation (TSE:8001) and Adastria Co., Ltd. (TSE:2685) completed the acquisition of Karrimor International Limited on March 31, 2025. Announcement • Feb 27
Adastria Co., Ltd. to Report Fiscal Year 2025 Results on Apr 04, 2025 Adastria Co., Ltd. announced that they will report fiscal year 2025 results on Apr 04, 2025 Upcoming Dividend • Feb 20
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 08 May 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Announcement • Feb 14
Adastria Co., Ltd. Announces Directorate Retirements Adastria Co., Ltd. announced the retirement of Hiromi Horie and Kazuo Nishiyama as Outside Directors. Scheduled to retire at the conclusion of the 75th Ordinary General Meeting of Shareholders scheduled for May 2025. New Risk • Dec 30
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 5.1% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.1% average weekly change). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Buy Or Sell Opportunity • Dec 30
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.5% to JP¥3,460. The fair value is estimated to be JP¥4,709, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 35%. Revenue is forecast to grow by 7.8% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. New Risk • Dec 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Reported Earnings • Dec 28
Third quarter 2025 earnings released: EPS: JP¥63.92 (vs JP¥97.96 in 3Q 2024) Third quarter 2025 results: EPS: JP¥63.92 (down from JP¥97.96 in 3Q 2024). Revenue: JP¥75.9b (up 7.9% from 3Q 2024). Net income: JP¥2.96b (down 34% from 3Q 2024). Profit margin: 3.9% (down from 6.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 33% per year. Declared Dividend • Oct 23
First half dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 27th February 2025 Payment date: 8th May 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Oct 23
Now 22% undervalued Over the last 90 days, the stock has risen 13% to JP¥3,640. The fair value is estimated to be JP¥4,683, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 44%. Revenue is forecast to grow by 8.1% in 2 years. Earnings are forecast to grow by 6.7% in the next 2 years. Declared Dividend • Oct 02
First half dividend of JP¥55.00 announced Shareholders will receive a dividend of JP¥55.00. Ex-date: 27th February 2025 Payment date: 8th May 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 8.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 02
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: JP¥55.04 (down from JP¥57.80 in 2Q 2024). Revenue: JP¥70.2b (up 9.0% from 2Q 2024). Net income: JP¥2.54b (down 3.3% from 2Q 2024). Profit margin: 3.6% (down from 4.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 23 October 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Reported Earnings • Jun 30
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: EPS: JP¥97.27 (down from JP¥98.41 in 1Q 2024). Revenue: JP¥74.0b (up 8.1% from 1Q 2024). Net income: JP¥4.41b (down 1.3% from 1Q 2024). Profit margin: 6.0% (down from 6.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 1.2%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jun 06
Final dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 29th August 2024 Payment date: 23rd October 2024 Dividend yield will be 2.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Jun 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Kazuhiko Ebihara was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • May 22
Now 20% undervalued Over the last 90 days, the stock has risen 3.6% to JP¥3,625. The fair value is estimated to be JP¥4,560, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 3.0% per annum over the same time period. Reported Earnings • Apr 06
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥298 (up from JP¥166 in FY 2023). Revenue: JP¥275.6b (up 14% from FY 2023). Net income: JP¥13.5b (up 79% from FY 2023). Profit margin: 4.9% (up from 3.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.7%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Apr 05
Adastria Co., Ltd. Proposes Dividend Guidance for the for Fiscal Year Ending February 28, 2025 Adastria Co., Ltd. proposed dividend guidance of JPY 55 for the for Fiscal year ending February 28, 2025. Announcement • Mar 23
Adastria Co., Ltd. (TSE:2685) entered into a letter of intent to acquire remaining 49% stake in Zetton Inc. (NSE:3057) from a group of shareholders. Adastria Co., Ltd. (TSE:2685) entered into a letter of intent to acquire remaining 49% stake in Zetton Inc. (NSE:3057) from a group of shareholders on December 27, 2023. Adastria Co., Ltd. (TSE:2685) entered into a share exchange agreement to acquire remaining 49% stake in Zetton Inc. (NSE:3057) from a group of shareholders for ¥4.4 billion on March 21, 2024. Shares of zetton, which will become a wholly owned subsidiary of Adastria, will be delisted on May 30, 2024 (last trading date to be May 29, 2024) after completion of the designated procedures pursuant to the Nagoya Stock Exchange delisting regulations. To make Zetton a wholly owned subsidiary, Adastria will deliver common shares of Adastria to the minority shareholders of Zetton as consideration. The board of Adastria and Zetton held a meeting to resolved to conduct the share exchange on March 21, 2024 and subsequently the agreement was signed. The transaction is subject to the approval of the agreement by a resolution of the zetton Ordinary General Meeting of Shareholders to be held on April 25, 2024. A Special Committee consisting of independent members who have no interest in the controlling shareholder Adastria has been formed. The board of directors shall make its decisions with the utmost respect for the contents of the committee report. The transaction is expected to close on June 1, 2024. iwaida partners is acting as the legal advisor to Zetton Inc. (NSE:3057) and SATO & Partners is acting the legal advisor to Adastria Co., Ltd. (TSE:2685). AGS Consulting Co., Ltd. acted as the financial and due diligence provider to Zetton. Upcoming Dividend • Feb 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 10 May 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). Announcement • Jan 31
Adastria Co., Ltd. to Report Fiscal Year 2024 Results on Apr 04, 2024 Adastria Co., Ltd. announced that they will report fiscal year 2024 results on Apr 04, 2024 Reported Earnings • Jan 02
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: JP¥97.96 (up from JP¥82.09 in 3Q 2023). Revenue: JP¥70.4b (up 9.2% from 3Q 2023). Net income: JP¥4.45b (up 19% from 3Q 2023). Profit margin: 6.3% (up from 5.8% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Nov 04
Adastria Co., Ltd. to Report Q3, 2024 Results on Dec 29, 2023 Adastria Co., Ltd. announced that they will report Q3, 2024 results on Dec 29, 2023 Major Estimate Revision • Oct 06
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from JP¥237 to JP¥264. Revenue forecast steady at JP¥271.0b. Net income forecast to grow 13% next year vs 13% growth forecast for Specialty Retail industry in Japan. Consensus price target of JP¥3,760 unchanged from last update. Share price rose 12% to JP¥3,240 over the past week. New Risk • Oct 05
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 5.2% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.2% average weekly change). Reported Earnings • Sep 30
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: JP¥57.80 (up from JP¥12.79 in 2Q 2023). Revenue: JP¥64.4b (up 18% from 2Q 2023). Net income: JP¥2.63b (up 353% from 2Q 2023). Profit margin: 4.1% (up from 1.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥30.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 24 October 2023. Payout ratio is a comfortable 31% and the cash payout ratio is 85%. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.4%). Buying Opportunity • Aug 17
Now 21% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be JP¥3,789, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings is also forecast to grow by 5.5% per annum over the same time period. Announcement • Jul 30
Adastria Co., Ltd. to Report Q2, 2024 Results on Sep 29, 2023 Adastria Co., Ltd. announced that they will report Q2, 2024 results on Sep 29, 2023 Reported Earnings • Jul 01
First quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2024 results: EPS: JP¥98.41 (up from JP¥73.23 in 1Q 2023). Revenue: JP¥68.5b (up 18% from 1Q 2023). Net income: JP¥4.46b (up 35% from 1Q 2023). Profit margin: 6.5% (up from 5.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 30
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥166 (up from JP¥109 in FY 2022). Revenue: JP¥242.6b (up 20% from FY 2022). Net income: JP¥7.54b (up 53% from FY 2022). Profit margin: 3.1% (up from 2.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • May 28
Adastria Co., Ltd. to Report Q1, 2024 Results on Jun 30, 2023 Adastria Co., Ltd. announced that they will report Q1, 2024 results on Jun 30, 2023 Reported Earnings • Apr 06
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥166 (up from JP¥109 in FY 2022). Revenue: JP¥242.6b (up 20% from FY 2022). Net income: JP¥7.54b (up 53% from FY 2022). Profit margin: 3.1% (up from 2.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥35.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 11 May 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Announcement • Feb 15
Adastria Co., Ltd. to Report Fiscal Year 2023 Results on Apr 04, 2023 Adastria Co., Ltd. announced that they will report fiscal year 2023 results on Apr 04, 2023 Reported Earnings • Jan 19
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: JP¥82.09 (up from JP¥68.20 in 3Q 2022). Revenue: JP¥64.4b (up 19% from 3Q 2022). Net income: JP¥3.72b (up 21% from 3Q 2022). Profit margin: 5.8% (up from 5.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.3%. Earnings per share (EPS) also surpassed analyst estimates by 62%. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Jan 07
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. No independent directors (8 non-independent directors). Director Yoshiaki Kitamura was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.