Major Estimate Revision • May 19
Consensus EPS estimates fall by 23%, revenue upgraded The consensus outlook for fiscal year 2027 has been updated. 2027 revenue forecast increased from JP¥117.1b to JP¥119.1b. EPS estimate fell from JP¥102 to JP¥79.36 per share. Net income forecast to shrink 34% next year vs 1.1% decline forecast for Retail Distributors industry in Japan. Consensus price target down from JP¥2,300 to JP¥1,780. Share price was steady at JP¥1,243 over the past week. Major Estimate Revision • Apr 23
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2027 has been updated. 2027 EPS estimate fell from JP¥124 to JP¥102. Revenue forecast unchanged from JP¥117.1b at last update. Net income forecast to shrink 14% next year vs 3.4% growth forecast for Retail Distributors industry in Japan . Consensus price target of JP¥2,300 unchanged from last update. Share price fell 8.3% to JP¥1,271 over the past week. Reported Earnings • Apr 14
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥120 (up from JP¥90.04 in FY 2025). Revenue: JP¥108.5b (up 6.5% from FY 2025). Net income: JP¥1.82b (up 33% from FY 2025). Profit margin: 1.7% (up from 1.3% in FY 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 8.0%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Retail Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Apr 13
MEDIA DO Co., Ltd., Annual General Meeting, May 27, 2026 MEDIA DO Co., Ltd., Annual General Meeting, May 27, 2026. Announcement • Apr 03
MEDIA DO Co., Ltd. to Report Fiscal Year 2026 Results on Apr 13, 2026 MEDIA DO Co., Ltd. announced that they will report fiscal year 2026 results on Apr 13, 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: 13 May 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.8%). Reported Earnings • Jan 15
Third quarter 2026 earnings released: EPS: JP¥20.16 (vs JP¥25.84 in 3Q 2025) Third quarter 2026 results: EPS: JP¥20.16 (down from JP¥25.84 in 3Q 2025). Revenue: JP¥26.6b (up 9.3% from 3Q 2025). Net income: JP¥306.0m (down 22% from 3Q 2025). Profit margin: 1.1% (down from 1.6% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Retail Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Price Target Changed • Dec 02
Price target decreased by 13% to JP¥2,400 Down from JP¥2,760, the current price target is provided by 1 analyst. New target price is 35% above last closing price of JP¥1,772. Stock is up 34% over the past year. The company is forecast to post earnings per share of JP¥138 for next year compared to JP¥90.04 last year. Declared Dividend • Oct 17
Dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 26th February 2026 Payment date: 13th May 2026 Dividend yield will be 2.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 21% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 16
Second quarter 2026 earnings released: EPS: JP¥33.49 (vs JP¥18.30 in 2Q 2025) Second quarter 2026 results: EPS: JP¥33.49 (up from JP¥18.30 in 2Q 2025). Revenue: JP¥27.9b (up 7.4% from 2Q 2025). Net income: JP¥508.0m (up 83% from 2Q 2025). Profit margin: 1.8% (up from 1.1% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Retail Distributors industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 06
Consensus EPS estimates increase by 14% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥121 to JP¥138. Revenue forecast steady at JP¥106.0b. Net income forecast to grow 5.3% next year vs 14% growth forecast for Retail Distributors industry in Japan. Consensus price target of JP¥2,700 unchanged from last update. Share price rose 2.7% to JP¥1,766 over the past week. Reported Earnings • Jul 13
First quarter 2026 earnings released: EPS: JP¥53.99 (vs JP¥16.15 in 1Q 2025) First quarter 2026 results: EPS: JP¥53.99 (up from JP¥16.15 in 1Q 2025). Revenue: JP¥26.0b (up 3.6% from 1Q 2025). Net income: JP¥818.0m (up 235% from 1Q 2025). Profit margin: 3.1% (up from 1.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Retail Distributors industry in Asia. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Jul 10
Media Do Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending February 28, 2026 MEDIA DO Co., Ltd. provided dividend guidance for the fiscal year ending February 28, 2026. For the year, the company now expects dividend of JPY 40 per share against previous guidance of JPY 36 per share. Reported Earnings • Jun 04
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥90.04 (up from JP¥21.06 loss in FY 2024). Revenue: JP¥101.9b (up 8.4% from FY 2024). Net income: JP¥1.36b (up JP¥1.68b from FY 2024). Profit margin: 1.3% (up from net loss in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Retail Distributors industry in Japan. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Apr 30
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥110 to JP¥121. Revenue forecast unchanged at JP¥106.6b. Net income forecast to grow 34% next year vs 11% growth forecast for Retail Distributors industry in Japan. Consensus price target of JP¥2,700 unchanged from last update. Share price rose 6.1% to JP¥1,751 over the past week. Reported Earnings • Apr 15
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥90.04 (up from JP¥21.06 loss in FY 2024). Revenue: JP¥101.9b (up 8.4% from FY 2024). Net income: JP¥1.36b (up JP¥1.68b from FY 2024). Profit margin: 1.3% (up from net loss in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.1%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Retail Distributors industry in Japan. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. New Risk • Apr 07
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 5.5% 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. This is currently the only risk that has been identified for the company. Announcement • Mar 26
Gaudiy Inc. agreed to acquire an unknown majority stake in MyAnimeList Co., Ltd from MEDIA DO Co., Ltd. (TSE:3678). Gaudiy Inc. agreed to acquire an unknown majority stake in MyAnimeList Co., Ltd from MEDIA DO Co., Ltd. (TSE:3678) on March 26, 2025.
The expected completion of the transaction is April 14, 2025. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 08 May 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.9%). Announcement • Jan 29
MEDIA DO Co., Ltd. to Report Fiscal Year 2025 Results on Apr 14, 2025 MEDIA DO Co., Ltd. announced that they will report fiscal year 2025 results on Apr 14, 2025 Reported Earnings • Jan 12
Third quarter 2025 earnings released: EPS: JP¥25.81 (vs JP¥23.29 in 3Q 2024) Third quarter 2025 results: EPS: JP¥25.81 (up from JP¥23.29 in 3Q 2024). Revenue: JP¥24.4b (up 6.4% from 3Q 2024). Net income: JP¥391.0m (up 11% from 3Q 2024). Profit margin: 1.6% (up from 1.5% in 3Q 2024). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Retail Distributors industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Announcement • Jan 11
MEDIA DO Co., Ltd. Announces Commemorative Dividend Guidance for the Fiscal Year Ending February 28, 2025 MEDIA DO Co., Ltd. announced Commemorative dividend guidance for the fiscal year ending February 28, 2025. For the year, the company expects to pay Commemorative Dividend of JPY 8.00 per share. Announcement • Jan 10
MEDIA DO Co., Ltd. Provides Dividend Guidance for the Fiscal Year 2024 MEDIA DO Co., Ltd. provided dividend guidance For the fiscal year 2024, the company expects to pay dividend of JPY 35.00 per share against JPY 22.00 per share a year ago. Announcement • Oct 26
MEDIA DO Co., Ltd. to Report Q3, 2025 Results on Jan 10, 2025 MEDIA DO Co., Ltd. announced that they will report Q3, 2025 results on Jan 10, 2025 Reported Earnings • Oct 16
Second quarter 2025 earnings released: EPS: JP¥18.30 (vs JP¥18.35 in 2Q 2024) Second quarter 2025 results: EPS: JP¥18.30 (down from JP¥18.35 in 2Q 2024). Revenue: JP¥25.9b (up 9.2% from 2Q 2024). Net income: JP¥277.0m (flat on 2Q 2024). Profit margin: 1.1% (down from 1.2% in 2Q 2024). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Retail Distributors industry in Japan. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Declared Dividend • Oct 14
Dividend of JP¥27.00 announced Shareholders will receive a dividend of JP¥27.00. Ex-date: 27th February 2025 Payment date: 8th May 2025 Dividend yield will be 1.9%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (17% cash payout ratio). The dividend has increased by an average of 17% per year over the past 7 years and payments have been stable during that time. New Risk • Aug 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 5.8% 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: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (5.8% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Announcement • Jul 30
MEDIA DO Co., Ltd. to Report Q2, 2025 Results on Oct 11, 2024 MEDIA DO Co., Ltd. announced that they will report Q2, 2025 results on Oct 11, 2024 New Risk • Jul 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% 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 Paying a dividend despite being loss-making. Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Reported Earnings • Jul 16
First quarter 2025 earnings released: EPS: JP¥16.15 (vs JP¥15.20 in 1Q 2024) First quarter 2025 results: EPS: JP¥16.15 (up from JP¥15.20 in 1Q 2024). Revenue: JP¥25.1b (up 11% from 1Q 2024). Net income: JP¥244.0m (up 5.2% from 1Q 2024). Profit margin: 1.0% (in line with 1Q 2024). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Retail Distributors industry in Japan. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. New Risk • May 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.1% 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 Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (5.7% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). New Risk • May 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: 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). Announcement • Apr 29
MEDIA DO Co., Ltd. to Report Q1, 2025 Results on Jul 12, 2024 MEDIA DO Co., Ltd. announced that they will report Q1, 2025 results on Jul 12, 2024 Reported Earnings • Apr 12
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: JP¥21.06 loss per share (down from JP¥68.35 profit in FY 2023). Revenue: JP¥94.0b (down 7.5% from FY 2023). Net loss: JP¥319.0m (down 130% from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Retail Distributors industry in Japan. Over the last 3 years on average, earnings per share has fallen by 31% per year whereas the company’s share price has fallen by 36% per year. Announcement • Apr 11
MEDIA DO Co., Ltd., Annual General Meeting, May 23, 2024 MEDIA DO Co., Ltd., Annual General Meeting, May 23, 2024. Announcement • Feb 28
MEDIA DO Co., Ltd. to Report Fiscal Year 2024 Results on Apr 11, 2024 MEDIA DO Co., Ltd. announced that they will report fiscal year 2024 results on Apr 11, 2024 Reported Earnings • Jan 16
Third quarter 2024 earnings released: EPS: JP¥23.29 (vs JP¥12.16 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥23.29 (up from JP¥12.16 loss in 3Q 2023). Revenue: JP¥22.9b (down 3.8% from 3Q 2023). Net income: JP¥352.0m (up JP¥539.0m from 3Q 2023). Profit margin: 1.5% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Retail Distributors industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has fallen by 43% per year, which means it is performing significantly worse than earnings. Announcement • Nov 29
HEROZ, Inc. (TSE:4382) agreed to acquire 50.1% stake in A.I. Squared, Inc. from BroadBand Tower,Media Do Corporation, Masaki Ishida and Akihito Ogino. HEROZ, Inc. (TSE:4382) agreed to acquire 50.1% stake in A.I. Squared, Inc. from BroadBand Tower,Media Do Corporation, Masaki Ishida and Akihito Ogino on November 24, 2023. A.I. Squared, Inc. Reported Total assets worth ¥128 million, Total Common equity of ¥93 million, Net sales of ¥340 million, Operating loss of ¥68 million and Net Loss of ¥71 million on June 2023. Transaction is expected to complete on November 30, 2023. Announcement • Nov 03
MEDIA DO Co., Ltd. to Report Q3, 2024 Results on Jan 15, 2024 MEDIA DO Co., Ltd. announced that they will report Q3, 2024 results on Jan 15, 2024 New Risk • Oct 24
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 5.4% 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 Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Reported Earnings • Oct 13
Second quarter 2024 earnings released: EPS: JP¥18.35 (vs JP¥20.49 in 2Q 2023) Second quarter 2024 results: EPS: JP¥18.35 (down from JP¥20.49 in 2Q 2023). Revenue: JP¥23.8b (down 15% from 2Q 2023). Net income: JP¥277.0m (down 12% from 2Q 2023). Profit margin: 1.2% (up from 1.1% in 2Q 2023). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Retail Distributors industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 49% per year, which means it is performing significantly worse than earnings. Announcement • Jul 30
MEDIA DO Co., Ltd. to Report Q2, 2024 Results on Oct 12, 2023 MEDIA DO Co., Ltd. announced that they will report Q2, 2024 results on Oct 12, 2023 Reported Earnings • Jul 15
First quarter 2024 earnings released: EPS: JP¥15.20 (vs JP¥19.96 in 1Q 2023) First quarter 2024 results: EPS: JP¥15.20 (down from JP¥19.96 in 1Q 2023). Revenue: JP¥22.6b (down 14% from 1Q 2023). Net income: JP¥232.0m (down 26% from 1Q 2023). Profit margin: 1.0% (down from 1.2% in 1Q 2023). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Retail Distributors industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Announcement • Jul 13
Media Do Co., Ltd. Provides Consolidated Earnings Forecasts for Fiscal Year Ending February 28, 2024 MEDIA DO Co., Ltd. provided Consolidated Earnings Forecasts for Fiscal Year Ending February 28, 2024 . For the full year, the company expected net sales of JPY 100,000 million, Operating profit of JPY 2,000, Profit attributable to owners of parent of JPY 1,100 and Earnings per share of JPY 71.33. Price Target Changed • Jun 18
Price target decreased by 9.4% to JP¥6,100 Down from JP¥6,733, the current price target is an average from 2 analysts. New target price is 296% above last closing price of JP¥1,542. Stock is down 5.4% over the past year. The company is forecast to post earnings per share of JP¥76.64 for next year compared to JP¥68.35 last year. Announcement • May 28
MEDIA DO Co., Ltd. to Report Q1, 2024 Results on Jul 13, 2023 MEDIA DO Co., Ltd. announced that they will report Q1, 2024 results on Jul 13, 2023 Major Estimate Revision • Apr 28
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥102.2b to JP¥99.7b. EPS estimate also fell from JP¥93.02 per share to JP¥81.97 per share. Net income forecast to grow 70% next year vs 9.2% growth forecast for Retail Distributors industry in Japan. Consensus price target of JP¥6,500 unchanged from last update. Share price fell 6.8% to JP¥1,394 over the past week. Major Estimate Revision • Apr 25
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥102.2b to JP¥99.7b. EPS estimate also fell from JP¥93.02 per share to JP¥81.97 per share. Net income forecast to grow 70% next year vs 9.2% growth forecast for Retail Distributors industry in Japan. Consensus price target of JP¥6,500 unchanged from last update. Share price fell 4.3% to JP¥1,419 over the past week. Reported Earnings • Apr 15
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥68.35 (down from JP¥99.70 in FY 2022). Revenue: JP¥101.7b (down 2.9% from FY 2022). Net income: JP¥1.06b (down 33% from FY 2022). Profit margin: 1.0% (down from 1.5% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Retail Distributors industry in Asia. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,520, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Retail Distributors industry in Asia. Total loss to shareholders of 57% over the past three years. Announcement • Jan 17
Media Do Co., Ltd. Revises Earning Guidance for the Fiscal Year Ending February 28, 2023 MEDIA DO Co., Ltd. revised earning guidance for the fiscal year ending February 28, 2023. For the period, the company expects net sales of JPY 101,000 million, operating profit of JPY 2,250 million, ordinary profit of JPY 2,100 million, profit attributable to owners of parent of JPY 900 million and earnings per share of JPY 58.19 compared to previously expected net sales of JPY 100,000 million, operating profit of JPY 2,000 million and profit attributable to owners of parent of JPY 850 million. Reported Earnings • Jan 17
Third quarter 2023 earnings released: JP¥12.16 loss per share (vs JP¥16.39 profit in 3Q 2022) Third quarter 2023 results: JP¥12.16 loss per share (down from JP¥16.39 profit in 3Q 2022). Revenue: JP¥23.8b (up 1.2% from 3Q 2022). Net loss: JP¥187.0m (down 172% from profit in 3Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Online Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Director Haruo Miyagi was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 15
Second quarter 2023 earnings released: EPS: JP¥20.49 (vs JP¥13.81 in 2Q 2022) Second quarter 2023 results: EPS: JP¥20.49 (up from JP¥13.81 in 2Q 2022). Revenue: JP¥28.0b (up 4.2% from 2Q 2022). Net income: JP¥316.0m (up 44% from 2Q 2022). Profit margin: 1.1% (up from 0.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Online 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 fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Oct 14
MEDIA DO Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending February 28, 2023 MEDIA DO Co., Ltd. provided consolidated earnings guidance for the year ending February 28, 2023. For the year, the company expects net sales of ¥100,000 million, operating profit of ¥2,000 million, profit attributable to owners of parent of ¥850 million or ¥53.56 earnings per share. Reported Earnings • Jul 15
First quarter 2023 earnings released: EPS: JP¥19.96 (vs JP¥39.47 in 1Q 2022) First quarter 2023 results: EPS: JP¥19.96 (down from JP¥39.47 in 1Q 2022). Revenue: JP¥26.3b (down 7.5% from 1Q 2022). Net income: JP¥312.0m (down 49% from 1Q 2022). Profit margin: 1.2% (down from 2.2% in 1Q 2022). Over the next year, revenue is forecast to grow 4.4%, compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Jul 15
Media Do Co., Ltd. Provides Consolidated Earnings Forecasts for Fiscal Year Ending February 28, 2023 MEDIA DO Co., Ltd. provided consolidated earnings forecasts for fiscal year ending February 28, 2023. For the year, the company expects net sales to be JYP 100,000 million. Operating profit To be JPY 2,000 million. Profit attributable to owners of parent to be JPY 850 million. Earnings per Share to be JPY 53.56. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,940, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 19x in the Online Retail industry in Japan. Total loss to shareholders of 46% over the past three years. Major Estimate Revision • Jun 03
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥70.39 to JP¥53.96 per share. Revenue forecast steady at JP¥105.8b. Net income forecast to shrink 47% next year vs 7.7% growth forecast for Online Retail industry in Japan . Consensus price target of JP¥6,750 unchanged from last update. Share price rose 3.9% to JP¥1,856 over the past week. Reported Earnings • Jun 02
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: JP¥99.70. Revenue: JP¥104.7b (up 25% from FY 2021). Net income: JP¥1.58b (up 3.8% from FY 2021). Profit margin: 1.5% (down from 1.8% in FY 2021). 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. Over the next year, revenue is forecast to stay flat compared to a 14% growth forecast for the retail industry in Japan. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Director Ayako Kanamaru 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. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥1,849, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 17x in the Online Retail industry in Japan. Total loss to shareholders of 37% over the past three years. Major Estimate Revision • Apr 21
Consensus revenue estimates fall by 10% The consensus outlook for revenues in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥115.9b to JP¥104.1b. EPS estimate fell from JP¥125 to JP¥77.98 per share. Net income forecast to shrink 22% next year vs 12% growth forecast for Online Retail industry in Japan . Consensus price target of JP¥6,733 unchanged from last update. Share price fell 11% to JP¥1,927 over the past week. Reported Earnings • Apr 15
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: JP¥99.70. Revenue: JP¥104.7b (up 25% from FY 2021). Net income: JP¥1.58b (up 3.8% from FY 2021). Profit margin: 1.5% (down from 1.8% in FY 2021). 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. Over the next year, revenue is forecast to grow 3.3%, compared to a 16% growth forecast for the retail industry in Japan. Price Target Changed • Apr 01
Price target decreased to JP¥6,733 Down from JP¥7,833, the current price target is an average from 4 analysts. New target price is 174% above last closing price of JP¥2,455. Stock is down 64% over the past year. The company is forecast to post earnings per share of JP¥99.93 for next year compared to JP¥104 last year. Announcement • Feb 24
MEDIA DO Co., Ltd. to Report Fiscal Year 2022 Results on Apr 14, 2022 MEDIA DO Co., Ltd. announced that they will report fiscal year 2022 results on Apr 14, 2022 Upcoming Dividend • Feb 18
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 11 May 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.1%). Reported Earnings • Jan 14
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥16.39 (down from JP¥24.17 in 3Q 2021). Revenue: JP¥23.5b (up 16% from 3Q 2021). Net income: JP¥260.0m (down 27% from 3Q 2021). Profit margin: 1.1% (down from 1.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 16%, compared to a 17% growth forecast for the industry in Japan. 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 6% per year, which means it is significantly lagging earnings growth. Announcement • Jan 14
MEDIA DO Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2022 MEDIA DO Co., Ltd. provided consolidated earnings guidance for the fiscal year ending February 28, 2022. For the year, the company expects net sales to be JPY 100,000 million. Operating profit to be JPY 3,000 million. Profit attributable to owners of parent to be JPY 1,600 million. Earnings per share to be JPY 100.90. Price Target Changed • Nov 04
Price target decreased to JP¥7,833 Down from JP¥8,767, the current price target is an average from 5 analysts. New target price is 73% above last closing price of JP¥4,515. Stock is down 41% over the past year. The company is forecast to post earnings per share of JP¥106 for next year compared to JP¥104 last year. Reported Earnings • Oct 14
Second quarter 2022 earnings released: EPS JP¥13.81 (vs JP¥32.22 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥26.8b (up 25% from 2Q 2021). Net income: JP¥219.0m (down 52% from 2Q 2021). Profit margin: 0.8% (down from 2.1% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 16
First quarter 2022 earnings released: EPS JP¥39.47 (vs JP¥31.75 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2022 results: Revenue: JP¥28.4b (up 40% from 1Q 2021). Net income: JP¥617.0m (up 37% from 1Q 2021). Profit margin: 2.2% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorated over the past week After last week's 18% share price decline to JP¥4,550, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 19x in the Online Retail industry in Japan. Total returns to shareholders of 104% over the past three years. Reported Earnings • Jun 02
Full year 2021 earnings released: EPS JP¥104 (vs JP¥64.53 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥83.5b (up 27% from FY 2020). Net income: JP¥1.52b (up 72% from FY 2020). Profit margin: 1.8% (up from 1.3% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth.