Announcement • Jun 03
Yamae Group Holdings Co.,Ltd. to Report Q1, 2027 Results on Aug 05, 2026 Yamae Group Holdings Co.,Ltd. announced that they will report Q1, 2027 results on Aug 05, 2026 New Risk • May 12
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 272% Dividend yield: 2.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Dividend is not well covered by cash flows (272% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • May 09
Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2026 results: EPS: JP¥399 (up from JP¥308 in FY 2025). Revenue: JP¥1.09t (up 7.8% from FY 2025). Net income: JP¥11.1b (up 30% from FY 2025). Profit margin: 1.0% (up from 0.8% in FY 2025). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 5.0% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Retail Distributors industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 26
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.9%). Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥161 (vs JP¥99.40 in 3Q 2025) Third quarter 2026 results: EPS: JP¥161 (up from JP¥99.40 in 3Q 2025). Revenue: JP¥290.4b (up 6.8% from 3Q 2025). Net income: JP¥4.48b (up 62% from 3Q 2025). Profit margin: 1.5% (up from 1.0% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Declared Dividend • Jan 08
Dividend of JP¥70.00 announced Dividend of JP¥70.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 2.7%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (9% cash payout ratio). The dividend has increased by an average of 21% 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. Earnings per share has grown by 32% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jan 07
Yamae Group Holdings Co.,Ltd. announces Annual dividend, payable on June 23, 2026 Yamae Group Holdings Co.,Ltd. announced Annual dividend of JPY 70.0000 per share payable on June 23, 2026, ex-date on March 30, 2026 and record date on March 31, 2026. Announcement • Dec 23
Yamae Group Holdings Co.,Ltd. to Report Q3, 2026 Results on Feb 05, 2026 Yamae Group Holdings Co.,Ltd. announced that they will report Q3, 2026 results on Feb 05, 2026 Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: JP¥66.09 (vs JP¥117 in 2Q 2025) Second quarter 2026 results: EPS: JP¥66.09 (down from JP¥117 in 2Q 2025). Revenue: JP¥252.5b (up 5.2% from 2Q 2025). Net income: JP¥1.83b (down 43% from 2Q 2025). Profit margin: 0.7% (down from 1.4% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 30
Now 20% overvalued Over the last 90 days, the stock has fallen 2.9% to JP¥2,541. The fair value is estimated to be JP¥2,114, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has declined by 4.3%. Buy Or Sell Opportunity • Oct 15
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at JP¥2,568. The fair value is estimated to be JP¥2,122, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has declined by 4.3%. Announcement • Sep 18
Yamae Group Holdings Co.,Ltd. to Report Q2, 2026 Results on Nov 05, 2025 Yamae Group Holdings Co.,Ltd. announced that they will report Q2, 2026 results on Nov 05, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥52.87 (vs JP¥34.60 in 1Q 2025) First quarter 2026 results: EPS: JP¥52.87 (up from JP¥34.60 in 1Q 2025). Revenue: JP¥256.3b (up 6.9% from 1Q 2025). Net income: JP¥1.47b (up 53% from 1Q 2025). Profit margin: 0.6% (up from 0.4% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Reported Earnings • Jun 25
Full year 2025 earnings released: EPS: JP¥308 (vs JP¥347 in FY 2024) Full year 2025 results: EPS: JP¥308. Revenue: JP¥1.01t (up 41% from FY 2024). Net income: JP¥8.54b (up 1.0% from FY 2024). Profit margin: 0.8% (down from 1.2% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • Jun 13
Yamae Group Holdings Co.,Ltd. to Report Q1, 2026 Results on Aug 06, 2025 Yamae Group Holdings Co.,Ltd. announced that they will report Q1, 2026 results on Aug 06, 2025 Reported Earnings • May 10
Full year 2025 earnings released: EPS: JP¥308 (vs JP¥347 in FY 2024) Full year 2025 results: EPS: JP¥308. Revenue: JP¥1.01t (up 41% from FY 2024). Net income: JP¥8.54b (up 1.0% from FY 2024). Profit margin: 0.8% (down from 1.2% in FY 2024). The decrease in margin was driven by higher expenses. Announcement • May 09
Yamae Group Holdings Co.,Ltd., Annual General Meeting, Jun 20, 2025 Yamae Group Holdings Co.,Ltd., Annual General Meeting, Jun 20, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.8%). Announcement • Mar 12
Yamae Group Holdings Co.,Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Yamae Group Holdings Co.,Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥99.40 (vs JP¥85.03 in 3Q 2024) Third quarter 2025 results: EPS: JP¥99.40 (up from JP¥85.03 in 3Q 2024). Revenue: JP¥271.9b (up 58% from 3Q 2024). Net income: JP¥2.76b (up 37% from 3Q 2024). Profit margin: 1.0% (down from 1.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jan 06
Dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 3.1%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is covered by earnings (18% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% 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. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Dec 10
Yamae Group Holdings Co.,Ltd. to Report Q3, 2025 Results on Feb 07, 2025 Yamae Group Holdings Co.,Ltd. announced that they will report Q3, 2025 results on Feb 07, 2025 New Risk • Nov 08
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risks Profit margins are more than 30% lower than last year (1.0% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding). Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥117 (vs JP¥75.36 in 2Q 2024) Second quarter 2025 results: EPS: JP¥117 (up from JP¥75.36 in 2Q 2024). Revenue: JP¥240.0b (up 52% from 2Q 2024). Net income: JP¥3.24b (up 82% from 2Q 2024). Profit margin: 1.4% (up from 1.1% 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 9% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 29
Yamae Group Holdings Co.,Ltd. to Report Q2, 2025 Results on Nov 06, 2024 Yamae Group Holdings Co.,Ltd. announced that they will report Q2, 2025 results on Nov 06, 2024 Reported Earnings • Aug 07
First quarter 2025 earnings released: EPS: JP¥34.60 (vs JP¥91.15 in 1Q 2024) First quarter 2025 results: EPS: JP¥34.60 (down from JP¥91.15 in 1Q 2024). Revenue: JP¥239.8b (up 58% from 1Q 2024). Net income: JP¥958.0m (down 56% from 1Q 2024). Profit margin: 0.4% (down from 1.4% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥1,709, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 10x in the Retail Distributors industry in Japan. Total returns to shareholders of 72% over the past three years. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥347 (vs JP¥333 in FY 2023) Full year 2024 results: EPS: JP¥347 (up from JP¥333 in FY 2023). Revenue: JP¥712.7b (up 21% from FY 2023). Net income: JP¥8.46b (up 7.5% from FY 2023). Profit margin: 1.2% (down from 1.3% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 29% per year. Reported Earnings • May 12
Full year 2024 earnings released: EPS: JP¥347 (vs JP¥333 in FY 2023) Full year 2024 results: EPS: JP¥347 (up from JP¥333 in FY 2023). Revenue: JP¥712.7b (up 21% from FY 2023). Net income: JP¥8.46b (up 7.5% from FY 2023). Profit margin: 1.2% (down from 1.3% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 36% per year. Announcement • May 12
Yamae Group Holdings Co.,Ltd., Annual General Meeting, Jun 21, 2024 Yamae Group Holdings Co.,Ltd., Annual General Meeting, Jun 21, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.4%). Announcement • Mar 02
Yamae Group Holdings Co.,Ltd. to Report Q4, 2024 Results on May 10, 2024 Yamae Group Holdings Co.,Ltd. announced that they will report Q4, 2024 results on May 10, 2024 Announcement • Feb 24
Yamae Group Holdings Co.,Ltd. has withdrawn its Follow-on Equity Offering in the amount of ¥12.936 billion. Yamae Group Holdings Co.,Ltd. has withdrawn its Follow-on Equity Offering in the amount of ¥12.936 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,694,900
Price\Range: ¥3234
Discount Per Security: ¥133.4
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 305,100
Price\Range: ¥3234
Discount Per Security: ¥133.4
Transaction Features: Subsequent Direct Listing Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥2,440, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 12x in the Retail Distributors industry in Japan. Total returns to shareholders of 153% over the past three years. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥85.03 (vs JP¥118 in 3Q 2023) Third quarter 2024 results: EPS: JP¥85.03 (down from JP¥118 in 3Q 2023). Revenue: JP¥171.6b (up 6.2% from 3Q 2023). Net income: JP¥2.01b (down 28% from 3Q 2023). Profit margin: 1.2% (down from 1.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 40% per year. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥3,405, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 12x in the Retail Distributors industry in Japan. Total returns to shareholders of 256% over the past three years. Announcement • Jan 18
Yamae Group Holdings Co.,Ltd. has filed a Follow-on Equity Offering. Yamae Group Holdings Co.,Ltd. has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 4,000,000
Transaction Features: Subsequent Direct Listing New Risk • Jan 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risks High level of debt (52% net debt to equity). High level of debt (52% net debt to equity). Announcement • Dec 07
Yamae Group Holdings Co.,Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Yamae Group Holdings Co.,Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥75.36 (vs JP¥118 in 2Q 2023) Second quarter 2024 results: EPS: JP¥75.36 (down from JP¥118 in 2Q 2023). Revenue: JP¥157.4b (down 2.6% from 2Q 2023). Net income: JP¥1.79b (down 36% from 2Q 2023). Profit margin: 1.1% (down from 1.7% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Announcement • Sep 13
Yamae Group Holdings Co.,Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Yamae Group Holdings Co.,Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥3,760, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 13x in the Retail Distributors industry in Japan. Total returns to shareholders of 237% over the past three years. New Risk • Aug 14
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 42% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥91.15 (vs JP¥83.75 in 1Q 2023) First quarter 2024 results: EPS: JP¥91.15 (up from JP¥83.75 in 1Q 2023). Revenue: JP¥151.7b (up 11% from 1Q 2023). Net income: JP¥2.16b (up 9.0% from 1Q 2023). Profit margin: 1.4% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. New Risk • Jul 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 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Jun 03
Yamae Group Holdings Co.,Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Yamae Group Holdings Co.,Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Announcement • May 13
Yamae Group Holdings Co.,Ltd., Annual General Meeting, Jun 23, 2023 Yamae Group Holdings Co.,Ltd., Annual General Meeting, Jun 23, 2023. Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥333 (vs JP¥284 in FY 2022) Full year 2023 results: EPS: JP¥333 (up from JP¥284 in FY 2022). Revenue: JP¥588.0b (up 17% from FY 2022). Net income: JP¥7.87b (up 17% from FY 2022). Profit margin: 1.3% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.4%). Reported Earnings • Feb 12
Third quarter 2023 earnings released Third quarter 2023 results: EPS: JP¥118. Net income: JP¥2.80b (up JP¥2.80b from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Dec 04
Yamae Group Holdings Co.,Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Yamae Group Holdings Co.,Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Announcement • Sep 01
Yamae Group Holdings Co.,Ltd. to Report Q2, 2023 Results on Nov 10, 2022 Yamae Group Holdings Co.,Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Announcement • Aug 12
Yamae Group Holdings Co.,Ltd. (TSE:7130) agreed to acquire Pizza Hut Japan Ltd. from Endeavour United Co., Ltd. and others. Yamae Group Holdings Co.,Ltd. (TSE:7130) agreed to acquire Pizza Hut Japan Ltd. from Endeavour United Co., Ltd. and others on August 10, 2022. For financial year March 31, 2022, Pizza Hut Japan Ltd. had generated Net assets of ¥2,604 million, Total assets of ¥7,449 million and Sales of ¥20,980 million. Execution date of share transfer August 31, 2022. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥1,617, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 10x in the Retail Distributors industry in Japan. Total returns to shareholders of 37% over the past three years. Announcement • Jun 30
Yamae Group Holdings Co.,Ltd. to Report Q1, 2023 Results on Aug 10, 2022 Yamae Group Holdings Co.,Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Announcement • May 13
Yamae Group Holdings Co.,Ltd., Annual General Meeting, Jun 24, 2022 Yamae Group Holdings Co.,Ltd., Annual General Meeting, Jun 24, 2022. Announcement • Apr 08
Yamae Group Holdings Co.,Ltd. to Report Fiscal Year 2022 Results on May 11, 2022 Yamae Group Holdings Co.,Ltd. announced that they will report fiscal year 2022 results on May 11, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.4%). 
