Announcement • Jun 01
Banners Co., Ltd. to Report Q1, 2027 Results on Aug 10, 2026 Banners Co., Ltd. announced that they will report Q1, 2027 results on Aug 10, 2026 Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥180, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 51% over the past three years. Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥13.52 (vs JP¥16.33 in FY 2025) Full year 2026 results: EPS: JP¥13.52 (down from JP¥16.33 in FY 2025). Revenue: JP¥5.65b (flat on FY 2025). Net income: JP¥207.0m (down 17% from FY 2025). Profit margin: 3.7% (down from 4.5% in FY 2025). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Banners Co., Ltd., Annual General Meeting, Jun 29, 2026 Banners Co., Ltd., Annual General Meeting, Jun 29, 2026. Valuation Update With 7 Day Price Move • May 01
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥152, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 39% over the past three years. Buy Or Sell Opportunity • Apr 24
Now 41% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to JP¥190. The fair value is estimated to be JP¥135, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 16%. New Risk • Mar 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 8.5% 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 Debt is not well covered by operating cash flow (7.5% operating cash flow to total debt). 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 (8.5% average weekly change). Market cap is less than US$100m (JP¥3.51b market cap, or US$22.0m). Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥180, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 49% over the past three years. Buy Or Sell Opportunity • Mar 23
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 3.9% to JP¥160. The fair value is estimated to be JP¥129, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 16%. Buy Or Sell Opportunity • Mar 05
Now 21% overvalued Over the last 90 days, the stock has fallen 3.8% to JP¥151. The fair value is estimated to be JP¥125, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 16%. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥2.68 (vs JP¥4.05 in 3Q 2025) Third quarter 2026 results: EPS: JP¥2.68 (down from JP¥4.05 in 3Q 2025). Revenue: JP¥1.47b (down 8.3% from 3Q 2025). Net income: JP¥41.0m (down 34% from 3Q 2025). Profit margin: 2.8% (down from 3.9% in 3Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jan 08
Dividend of JP¥5.00 announced Dividend of JP¥5.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 3.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (31% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 2.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 38% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 07
Banners Co., Ltd. announces Annual dividend, payable on June 30, 2026 Banners Co., Ltd. announced Annual dividend of JPY 5.0000 per share payable on June 30, 2026, ex-date on March 30, 2026 and record date on March 31, 2026. Announcement • Nov 29
Banners Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 Banners Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: JP¥3.66 (vs JP¥3.53 in 2Q 2025) Second quarter 2026 results: EPS: JP¥3.66 (up from JP¥3.53 in 2Q 2025). Revenue: JP¥1.31b (up 5.9% from 2Q 2025). Net income: JP¥56.0m (up 3.7% from 2Q 2025). Profit margin: 4.3% (down from 4.4% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Sep 01
Banners Co., Ltd. to Report Q2, 2026 Results on Nov 11, 2025 Banners Co., Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥2.87 (vs JP¥3.33 in 1Q 2025) First quarter 2026 results: EPS: JP¥2.87 (down from JP¥3.33 in 1Q 2025). Revenue: JP¥1.16b (down 8.0% from 1Q 2025). Net income: JP¥44.0m (down 14% from 1Q 2025). Profit margin: 3.8% (down from 4.0% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Jul 09
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 Debt is not well covered by operating cash flow (17% operating cash flow to total debt). 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 (5.8% average weekly change). Market cap is less than US$100m (JP¥2.14b market cap, or US$14.6m). Announcement • May 31
Banners Co., Ltd. to Report Q1, 2026 Results on Aug 07, 2025 Banners Co., Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥16.33 (vs JP¥11.98 in FY 2024) Full year 2025 results: EPS: JP¥16.33 (up from JP¥11.98 in FY 2024). Revenue: JP¥5.60b (up 20% from FY 2024). Net income: JP¥250.0m (up 36% from FY 2024). Profit margin: 4.5% (up from 3.9% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Banners Co., Ltd., Annual General Meeting, Jun 27, 2025 Banners Co., Ltd., Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥160, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 15x in the Specialty Retail industry in Japan. Total returns to shareholders of 48% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 28 June 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Announcement • Mar 04
Banners Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Banners Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥4.05 (vs JP¥2.94 in 3Q 2024) Third quarter 2025 results: EPS: JP¥4.05 (up from JP¥2.94 in 3Q 2024). Revenue: JP¥1.60b (up 23% from 3Q 2024). Net income: JP¥62.0m (up 38% from 3Q 2024). Profit margin: 3.9% (up from 3.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% 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 30
Banners Co., Ltd. to Report Q3, 2025 Results on Feb 13, 2025 Banners Co., Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 Reported Earnings • Nov 17
Second quarter 2025 earnings released: EPS: JP¥3.53 (vs JP¥2.74 in 2Q 2024) Second quarter 2025 results: EPS: JP¥3.53 (up from JP¥2.74 in 2Q 2024). Revenue: JP¥1.24b (up 11% from 2Q 2024). Net income: JP¥54.0m (up 29% from 2Q 2024). Profit margin: 4.4% (up from 3.8% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Sep 17
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 Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥1.91b market cap, or US$13.6m). Announcement • Aug 27
Banners Co., Ltd. to Report Q2, 2025 Results on Nov 12, 2024 Banners Co., Ltd. announced that they will report Q2, 2025 results on Nov 12, 2024 Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥3.33 (vs JP¥1.55 in 1Q 2024) First quarter 2025 results: EPS: JP¥3.33 (up from JP¥1.55 in 1Q 2024). Revenue: JP¥1.27b (up 37% from 1Q 2024). Net income: JP¥51.0m (up 113% from 1Q 2024). Profit margin: 4.0% (up from 2.6% in 1Q 2024). The increase in margin 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 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥110, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Negligible returns to shareholders over past three years. Announcement • Jun 02
Banners Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 Banners Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥11.98 (vs JP¥9.73 in FY 2023) Full year 2024 results: EPS: JP¥11.98 (up from JP¥9.73 in FY 2023). Revenue: JP¥4.68b (up 8.1% from FY 2023). Net income: JP¥184.0m (up 19% from FY 2023). Profit margin: 3.9% (up from 3.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • May 16
Banners Co., Ltd., Annual General Meeting, Jun 27, 2024 Banners Co., Ltd., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 35% but the company is paying out more than the cash it is generating. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%). Announcement • Mar 02
Banners Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Banners Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥2.94 (vs JP¥2.20 in 3Q 2023) Third quarter 2024 results: EPS: JP¥2.94 (up from JP¥2.20 in 3Q 2023). Revenue: JP¥1.30b (up 21% from 3Q 2023). Net income: JP¥45.0m (up 29% from 3Q 2023). Profit margin: 3.5% (up from 3.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Nov 26
Banners Co., Ltd. to Report Q3, 2024 Results on Feb 08, 2024 Banners Co., Ltd. announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥2.74 (vs JP¥1.88 in 2Q 2023) Second quarter 2024 results: EPS: JP¥2.74 (up from JP¥1.88 in 2Q 2023). Revenue: JP¥1.11b (up 7.0% from 2Q 2023). Net income: JP¥42.0m (up 40% from 2Q 2023). Profit margin: 3.8% (up from 2.9% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Aug 27
Banners Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023 Banners Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥1.55 (vs JP¥1.57 in 1Q 2023) First quarter 2024 results: EPS: JP¥1.55 (down from JP¥1.57 in 1Q 2023). Revenue: JP¥923.0m (down 6.5% from 1Q 2023). Net income: JP¥24.0m (down 4.0% from 1Q 2023). Profit margin: 2.6% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • May 28
Banners Co., Ltd. to Report Q1, 2024 Results on Aug 08, 2023 Banners Co., Ltd. announced that they will report Q1, 2024 results on Aug 08, 2023 Announcement • May 26
Banners Co., Ltd. (TSE:3011) announces an Equity Buyback for 610,000 shares, representing 3.83% for ¥81.13 million. Banners Co., Ltd. (TSE:3011) announces a share repurchase program. Under the program, the company will repurchase up to 610,000 shares, representing 3.83% of its issued share capital for ¥81.13 million. The shares will be repurchased at a price of ¥133 per share. The purpose of the program is capital efficiency and enabling the execution of flexible capital policies. The program is valid till May 26, 2023. As of April 30, 2023, the company had 15,923,863 shares issued (excluding treasury stock) and 4,312,223 shares in treasury. Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥9.73 (vs JP¥8.77 in FY 2022) Full year 2023 results: EPS: JP¥9.73 (up from JP¥8.77 in FY 2022). Revenue: JP¥4.34b (up 11% from FY 2022). Net income: JP¥155.0m (up 9.9% from FY 2022). Profit margin: 3.6% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Banners Co., Ltd., Annual General Meeting, Jun 29, 2023 Banners Co., Ltd., Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥3.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥2.20 (vs JP¥1.31 in 3Q 2022) Third quarter 2023 results: EPS: JP¥2.20 (up from JP¥1.31 in 3Q 2022). Revenue: JP¥1.08b (up 4.5% from 3Q 2022). Net income: JP¥35.0m (up 67% from 3Q 2022). Profit margin: 3.2% (up from 2.0% 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 106% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Nov 27
Banners Co., Ltd. to Report Q3, 2023 Results on Feb 09, 2023 Banners Co., Ltd. announced that they will report Q3, 2023 results on Feb 09, 2023 Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Outside Director Kiyoshi Imai was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥1.88 (vs JP¥0.80 in 2Q 2022) Second quarter 2023 results: EPS: JP¥1.88 (up from JP¥0.80 in 2Q 2022). Revenue: JP¥1.04b (up 12% from 2Q 2022). Net income: JP¥30.0m (up 131% from 2Q 2022). Profit margin: 2.9% (up from 1.4% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Aug 28
Banners Co., Ltd. to Report Q2, 2023 Results on Nov 10, 2022 Banners Co., Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥1.57 (vs JP¥0.25 in 1Q 2022) First quarter 2023 results: EPS: JP¥1.57 (up from JP¥0.25 in 1Q 2022). Revenue: JP¥987.0m (up 16% from 1Q 2022). Net income: JP¥25.0m (up JP¥21.0m from 1Q 2022). Profit margin: 2.5% (up from 0.5% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 30
Banners Co., Ltd. to Report Q1, 2023 Results on Aug 09, 2022 Banners Co., Ltd. announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥8.77 (vs JP¥1.62 in FY 2021) Full year 2022 results: EPS: JP¥8.77 (up from JP¥1.62 in FY 2021). Revenue: JP¥3.92b (up 11% from FY 2021). Net income: JP¥141.0m (up 422% from FY 2021). Profit margin: 3.6% (up from 0.8% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Banners Co., Ltd., Annual General Meeting, Jun 29, 2022 Banners Co., Ltd., Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
Less than half of directors are independent 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. 2 independent directors (7 non-independent directors). Director Isao Ando 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: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 08
Banners Co., Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 Banners Co., Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥2.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (1.6%). Reported Earnings • Feb 14
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥1.31 (up from JP¥0.84 in 3Q 2021). Revenue: JP¥1.03b (up 13% from 3Q 2021). Net income: JP¥21.0m (up 50% from 3Q 2021). Profit margin: 2.0% (up from 1.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥0.80 (vs JP¥0.18 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥933.0m (up 11% from 2Q 2021). Net income: JP¥13.0m (up JP¥16.0m from 2Q 2021). Profit margin: 1.4% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 12
First quarter 2022 earnings released: EPS JP¥0.25 (vs JP¥2.75 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥854.0m (up 26% from 1Q 2021). Net income: JP¥4.00m (up JP¥50.0m from 1Q 2021). Profit margin: 0.5% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥1.62 (vs JP¥14.51 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥3.55b (down 10% from FY 2020). Net income: JP¥27.0m (up JP¥270.0m from FY 2020). Profit margin: 0.8% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥2.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Announcement • Mar 04
Banners Co., Ltd. to Report Fiscal Year 2021 Results on May 13, 2021 Banners Co., Ltd. announced that they will report fiscal year 2021 results on May 13, 2021 Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS JP¥0.84 (vs JP¥0.30 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥917.0m (up 32% from 3Q 2020). Net income: JP¥14.0m (up JP¥19.0m from 3Q 2020). Profit margin: 1.5% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 19
New 90-day high: JP¥123 The company is up 12% from its price of JP¥110 on 21 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Specialty Retail industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 30
New 90-day high: JP¥121 The company is up 4.0% from its price of JP¥116 on 30 September 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 14
New 90-day high: JP¥118 The company is up 7.0% from its price of JP¥110 on 15 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 12% over the same period. Announcement • Sep 03
Banners Co., Ltd. to Report Q2, 2021 Results on Nov 05, 2020 Banners Co., Ltd. announced that they will report Q2, 2021 results on Nov 05, 2020