Reported Earnings • Apr 09
Full year 2026 earnings: Revenues and EPS in line with analyst expectations Full year 2026 results: EPS: JP¥102 (up from JP¥68.23 in FY 2025). Revenue: JP¥234.7b (up 13% from FY 2025). Net income: JP¥17.7b (up 50% from FY 2025). Profit margin: 7.5% (up from 5.7% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.8% p.a. on average during the next 2 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 increased by 11% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 07
PAL GROUP Holdings CO., LTD., Annual General Meeting, May 27, 2026 PAL GROUP Holdings CO., LTD., Annual General Meeting, May 27, 2026. Announcement • Apr 02
PAL GROUP Holdings CO., LTD. to Report Fiscal Year 2026 Results on Apr 07, 2026 PAL GROUP Holdings CO., LTD. announced that they will report fiscal year 2026 results on Apr 07, 2026 Upcoming Dividend • Feb 19
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 27 May 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.4%). Price Target Changed • Feb 06
Price target decreased by 7.4% to JP¥2,300 Down from JP¥2,483, the current price target is an average from 3 analysts. New target price is 42% above last closing price of JP¥1,615. Stock is down 2.6% over the past year. The company is forecast to post earnings per share of JP¥103 for next year compared to JP¥68.23 last year. Reported Earnings • Jan 14
Third quarter 2026 earnings: Revenues and EPS in line with analyst expectations Third quarter 2026 results: EPS: JP¥27.72 (up from JP¥7.44 in 3Q 2025). Revenue: JP¥59.3b (up 16% from 3Q 2025). Net income: JP¥4.81b (up 273% from 3Q 2025). Profit margin: 8.1% (up from 2.5% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.3% 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 11% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 14
Pal Group Holdings Co., Ltd. Announces Dividend for the Fiscal Year Ending February 28, 2026, Effective Date May 27, 2026 PAL GROUP Holdings CO., LTD. announced dividend of JPY 40 per share. Record date February 28, 2026. Effective date May 27, 2026. The Company's basic policy is to return profits to shareholders by continuing to pay stable dividends while taking into account factors such as financial conditions and business performance. The financial results for the current fiscal year have not yet been finalized. However, as stated in the "Consolidated Financial Results for the Nine Months Ended November 30, 2025" announced on January 13, 2026, consolidated financial results
for the nine months ended November 30, 2025 showed both increased sales and profits. To express our gratitude for the ongoing support of the shareholders, company have decided to revise the year-end dividend per share for the current fiscal year from ¥30 to ¥40, representing an increase of ¥10. Buy Or Sell Opportunity • Jan 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to JP¥1,986. The fair value is estimated to be JP¥2,485, 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 11%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 58% in the next 2 years. Announcement • Nov 01
PAL GROUP Holdings CO., LTD. to Report Q3, 2026 Results on Jan 13, 2026 PAL GROUP Holdings CO., LTD. announced that they will report Q3, 2026 results at 3:00 PM, Tokyo Standard Time on Jan 13, 2026 Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,965, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 277% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,343 per share. Declared Dividend • Oct 09
Dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 26th February 2026 Payment date: 29th May 2026 Dividend yield will be 1.5%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 08
Second quarter 2026 earnings: Revenues exceed analyst expectations Second quarter 2026 results: Revenue: JP¥58.4b (up 17% from 2Q 2025). Net income: JP¥3.95b (up 14% from 2Q 2025). Profit margin: 6.8% (down from 7.0% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,876, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 413% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,337 per share. Buy Or Sell Opportunity • Sep 08
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 57% to JP¥5,650. The fair value is estimated to be JP¥4,644, however this is not to be taken as a sell 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 16%. Revenue is forecast to grow by 18% in 2 years. Earnings are forecast to grow by 57% in the next 2 years. Price Target Changed • Aug 02
Price target increased by 17% to JP¥4,800 Up from JP¥4,117, the current price target is an average from 3 analysts. New target price is 6.8% below last closing price of JP¥5,150. Stock is up 155% over the past year. The company is forecast to post earnings per share of JP¥209 for next year compared to JP¥136 last year. Announcement • Jul 26
PAL GROUP Holdings CO., LTD. to Report Q2, 2026 Results on Oct 07, 2025 PAL GROUP Holdings CO., LTD. announced that they will report Q2, 2026 results on Oct 07, 2025 Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥4,385, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 339% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,574 per share. Reported Earnings • Jul 10
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: JP¥60.28 (up from JP¥48.35 in 1Q 2025). Revenue: JP¥58.7b (up 14% from 1Q 2025). Net income: JP¥5.23b (up 25% from 1Q 2025). Profit margin: 8.9% (up from 8.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 9.1%. Revenue is forecast to grow 7.8% 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 16% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 08
Pal Group Holdings Co., Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Fiscal Year Ending February 28, 2026 PAL GROUP Holdings CO., LTD. provided consolidated earnings guidance for the first half and full fiscal year ending February 28, 2026. For the first half, the company expects net sales of JPY 113,500 million, Operating profit of JPY 12,700 million, Profit attributable to owners of parent of JPY 8,130 million and Basic earnings per share of JPY 46.81.
For the year, the company expects net sales of JPY 231,000 million, Operating profit of JPY 26,400 million, Profit attributable to owners of parent of JPY 16,850 million and Basic earnings per share of JPY 97.03. Buy Or Sell Opportunity • Jun 16
Now 21% undervalued Over the last 90 days, the stock has risen 13% to JP¥3,560. The fair value is estimated to be JP¥4,493, 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 23%. For the next 3 years, revenue is forecast to grow by 8.2% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Reported Earnings • Jun 04
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥136 (down from JP¥147 in FY 2024). Revenue: JP¥207.8b (up 7.9% from FY 2024). Net income: JP¥11.8b (down 7.8% from FY 2024). Profit margin: 5.7% (down from 6.7% 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 6.4%. Revenue is forecast to grow 8.2% 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 23% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 14
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥3,960, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 505% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,090 per share. Reported Earnings • Apr 09
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥136 (down from JP¥147 in FY 2024). Revenue: JP¥207.8b (up 7.9% from FY 2024). Net income: JP¥11.8b (down 7.8% from FY 2024). Profit margin: 5.7% (down from 6.7% 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 6.4%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Apr 02
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 5.3% 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. This is currently the only risk that has been identified for the company. Price Target Changed • Apr 01
Price target increased by 12% to JP¥3,450 Up from JP¥3,075, the current price target is an average from 3 analysts. New target price is 14% above last closing price of JP¥3,020. Stock is up 24% over the past year. The company is forecast to post earnings per share of JP¥146 for next year compared to JP¥147 last year. Announcement • Feb 27
PAL GROUP Holdings CO., LTD. to Report Fiscal Year 2025 Results on Apr 08, 2025 PAL GROUP Holdings CO., LTD. announced that they will report fiscal year 2025 results on Apr 08, 2025 Upcoming Dividend • Feb 20
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 28 May 2025. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Major Estimate Revision • Jan 29
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥167 to JP¥146 per share. Revenue forecast steady at JP¥206.8b. Net income forecast to grow 36% next year vs 14% growth forecast for Specialty Retail industry in Japan. Consensus price target up from JP¥3,075 to JP¥3,275. Share price rose 5.2% to JP¥3,450 over the past week. Announcement • Jan 22
PAL GROUP Holdings CO., LTD. Revises Dividend Guidance for the Fiscal Year Ending February 28, 2025 PAL GROUP Holdings CO., LTD. revised dividend guidance for the fiscal year ending February 28, 2025. For the period, the company now expects to pay dividend of JPY 60.00 per share. Reported Earnings • Jan 15
Third quarter 2025 earnings released: EPS: JP¥14.88 (vs JP¥19.22 in 3Q 2024) Third quarter 2025 results: EPS: JP¥14.88 (down from JP¥19.22 in 3Q 2024). Revenue: JP¥51.3b (up 5.9% from 3Q 2024). Net income: JP¥1.29b (down 62% from 3Q 2024). Profit margin: 2.5% (down from 6.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% 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 32% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Dec 13
Now 20% undervalued Over the last 90 days, the stock has risen 37% to JP¥3,300. The fair value is estimated to be JP¥4,144, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 41%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Price Target Changed • Nov 09
Price target increased by 25% to JP¥3,075 Up from JP¥2,465, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥2,989. Stock is up 47% over the past year. The company is forecast to post earnings per share of JP¥181 for next year compared to JP¥147 last year. New Risk • Nov 06
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 6.7% 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. This is currently the only risk that has been identified for the company. Announcement • Oct 28
PAL GROUP Holdings CO., LTD. to Report Q3, 2025 Results on Jan 14, 2025 PAL GROUP Holdings CO., LTD. announced that they will report Q3, 2025 results on Jan 14, 2025 Reported Earnings • Oct 18
Second quarter 2025 earnings released: EPS: JP¥39.97 (vs JP¥34.00 in 2Q 2024) Second quarter 2025 results: EPS: JP¥39.97 (up from JP¥34.00 in 2Q 2024). Revenue: JP¥49.8b (up 5.6% from 2Q 2024). Net income: JP¥3.47b (up 18% from 2Q 2024). Profit margin: 7.0% (up from 6.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% 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 41% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Oct 17
Dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 27th February 2025 Payment date: 30th May 2025 Dividend yield will be 1.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 16
PAL GROUP Holdings CO., LTD. (TSE:2726) agreed to acquire an additional 20% stake in Nolley's Co., Ltd. from Noriyuki Yamada and Masakatsu Enomoto. PAL GROUP Holdings CO., LTD. (TSE:2726) agreed to acquire an additional 20% stake in Nolley's Co., Ltd. from Noriyuki Yamada and Masakatsu Enomoto on October 15, 2024. Upon completion, PAL GROUP Holdings CO., LTD. will own 59% stake in Nolley's Co., Ltd. PAL GROUP will acquire additional 902 shares of Nolley's. For the period ending March 31, 2024, Nolley's Co., Ltd. reported total revenue of ¥12.74 billion, net income of ¥759 million, total assets of ¥9.22 billion and total common equity of ¥5.04 billion. The expected completion of the transaction is December 1, 2024. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥3,020, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 307% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,518 per share. Announcement • Sep 09
PAL GROUP Holdings CO., LTD. to Report Q2, 2025 Results on Oct 15, 2024 PAL GROUP Holdings CO., LTD. announced that they will report Q2, 2025 results on Oct 15, 2024 Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥48.35 (vs JP¥46.09 in 1Q 2024) First quarter 2025 results: EPS: JP¥48.35 (up from JP¥46.09 in 1Q 2024). Revenue: JP¥51.4b (up 9.5% from 1Q 2024). Net income: JP¥4.20b (up 3.7% from 1Q 2024). Profit margin: 8.2% (down from 8.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 7.0% 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 36% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥2,030, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 170% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,889 per share. Announcement • Apr 29
PAL GROUP Holdings CO., LTD. to Report Q1, 2025 Results on Jul 09, 2024 PAL GROUP Holdings CO., LTD. announced that they will report Q1, 2025 results on Jul 09, 2024 Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥1,864, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 162% over the past three years. New Risk • Apr 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% 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 High level of non-cash earnings (50% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change). Announcement • Apr 11
PAL GROUP Holdings CO., LTD., Annual General Meeting, May 29, 2024 PAL GROUP Holdings CO., LTD., Annual General Meeting, May 29, 2024. Reported Earnings • Apr 10
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥147 (up from JP¥113 in FY 2023). Revenue: JP¥192.5b (up 17% from FY 2023). Net income: JP¥12.8b (up 29% from FY 2023). Profit margin: 6.7% (up from 6.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.1%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 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 61% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,598, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 252% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,051 per share. Upcoming Dividend • Feb 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). Announcement • Jan 31
PAL GROUP Holdings CO., LTD. to Report Fiscal Year 2024 Results on Apr 09, 2024 PAL GROUP Holdings CO., LTD. announced that they will report fiscal year 2024 results on Apr 09, 2024 Reported Earnings • Jan 12
Third quarter 2024 earnings released: EPS: JP¥19.22 (vs JP¥36.26 in 3Q 2023) Third quarter 2024 results: EPS: JP¥19.22. Revenue: JP¥48.4b (up 14% from 3Q 2023). Net income: JP¥3.35b (up 5.2% from 3Q 2023). Profit margin: 6.9% (down from 7.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Japan. Announcement • Nov 29
PAL GROUP Holdings CO., LTD. to Report Q3, 2024 Results on Jan 10, 2024 PAL GROUP Holdings CO., LTD. announced that they will report Q3, 2024 results on Jan 10, 2024 Reported Earnings • Oct 12
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: JP¥47.2b (up 21% from 2Q 2023). Net income: JP¥2.95b (up 70% from 2Q 2023). Profit margin: 6.3% (up from 4.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Major Estimate Revision • Aug 11
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥183.0b to JP¥190.0b. EPS estimate increased from JP¥253 to JP¥283 per share. Net income forecast to grow 17% next year vs 14% growth forecast for Specialty Retail industry in Japan. Consensus price target up from JP¥4,300 to JP¥4,850. Share price was steady at JP¥4,280 over the past week. Announcement • Aug 01
PAL GROUP Holdings CO., LTD. to Report Q2, 2024 Results on Oct 11, 2023 PAL GROUP Holdings CO., LTD. announced that they will report Q2, 2024 results on Oct 11, 2023 Reported Earnings • Jul 13
First quarter 2024 earnings released: EPS: JP¥92.18 (vs JP¥69.87 in 1Q 2023) First quarter 2024 results: EPS: JP¥92.18 (up from JP¥69.87 in 1Q 2023). Revenue: JP¥47.0b (up 20% from 1Q 2023). Net income: JP¥4.05b (up 32% from 1Q 2023). Profit margin: 8.6% (up from 7.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% 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 67% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. New Risk • Jun 08
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. This is currently the only risk that has been identified for the company. Reported Earnings • May 30
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥227 (up from JP¥91.09 in FY 2022). Revenue: JP¥164.5b (up 23% from FY 2022). Net income: JP¥9.96b (up 149% from FY 2022). Profit margin: 6.1% (up from 3.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 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 44% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Announcement • May 28
PAL GROUP Holdings CO., LTD. to Report Q1, 2024 Results on Jul 11, 2023 PAL GROUP Holdings CO., LTD. announced that they will report Q1, 2024 results on Jul 11, 2023 Announcement • May 17
PAL GROUP Holdings CO., LTD. (TSE:2726) announces an Equity Buyback for 550,100 shares, representing 1.19% for ¥1,604.64 million. PAL GROUP Holdings CO., LTD. (TSE:2726) announces a share repurchase program. Under the program, the company will repurchase 550,100 shares, representing 1.19% of its share capital, for ¥2,197 million. The program is aimed at enhancing shareholders return. The program will run until July 5, 2023. As of May 16, 2023, the company had 46,272,000 shares in issue. Reported Earnings • Apr 13
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥227 (up from JP¥91.09 in FY 2022). Revenue: JP¥164.5b (up 23% from FY 2022). Net income: JP¥9.96b (up 149% from FY 2022). Profit margin: 6.1% (up from 3.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 9.5%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 5.7% 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 38% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥75.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Buying Opportunity • Feb 03
Now 20% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be JP¥3,475, 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. Earnings per share has grown by 18%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 17% in the next 2 years.