Reported Earnings • May 09
Full year 2026 earnings released: EPS: JP¥98.57 (vs JP¥99.33 in FY 2025) Full year 2026 results: EPS: JP¥98.57 (down from JP¥99.33 in FY 2025). Revenue: JP¥15.4b (up 10.0% from FY 2025). Net income: JP¥780.0m (flat on FY 2025). Profit margin: 5.1% (down from 5.6% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥36.50 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 30% and the cash payout ratio is 90%. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 09
Third quarter 2026 earnings released: EPS: JP¥44.10 (vs JP¥34.79 in 3Q 2025) Third quarter 2026 results: EPS: JP¥44.10 (up from JP¥34.79 in 3Q 2025). Revenue: JP¥4.37b (up 8.8% from 3Q 2025). Net income: JP¥349.0m (up 27% from 3Q 2025). Profit margin: 8.0% (up from 6.8% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥9.23 (vs JP¥13.04 in 2Q 2025) Second quarter 2026 results: EPS: JP¥9.23 (down from JP¥13.04 in 2Q 2025). Revenue: JP¥3.33b (up 6.7% from 2Q 2025). Net income: JP¥73.0m (down 29% from 2Q 2025). Profit margin: 2.2% (down from 3.3% 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 14% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 05
First quarter 2026 earnings released: EPS: JP¥11.89 (vs JP¥17.47 in 1Q 2025) First quarter 2026 results: EPS: JP¥11.89 (down from JP¥17.47 in 1Q 2025). Revenue: JP¥3.38b (up 3.0% from 1Q 2025). Net income: JP¥94.0m (down 32% from 1Q 2025). Profit margin: 2.8% (down from 4.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% 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 30% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: JP¥99.33 (vs JP¥80.98 in FY 2024) Full year 2025 results: EPS: JP¥99.33 (up from JP¥80.98 in FY 2024). Revenue: JP¥14.0b (up 11% from FY 2024). Net income: JP¥785.0m (up 23% from FY 2024). Profit margin: 5.6% (up from 5.1% 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 16% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 18
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.6% 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: Major Risk High level of non-cash earnings (34% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥8.26b market cap, or US$56.6m). Reported Earnings • May 14
Full year 2025 earnings released: EPS: JP¥99.33 (vs JP¥80.98 in FY 2024) Full year 2025 results: EPS: JP¥99.33 (up from JP¥80.98 in FY 2024). Revenue: JP¥14.0b (up 11% from FY 2024). Net income: JP¥785.0m (up 23% from FY 2024). Profit margin: 5.6% (up from 5.1% 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 16% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 12
UP GARAGE GROUP Co., Ltd., Annual General Meeting, Jun 25, 2025 UP GARAGE GROUP Co., Ltd., Annual General Meeting, Jun 25, 2025. Buy Or Sell Opportunity • Apr 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 20% to JP¥859. The fair value is estimated to be JP¥1,083, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 15%. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥29.50 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Announcement • Mar 05
UP GARAGE GROUP Co., Ltd. to Report Q3, 2026 Results on Feb 06, 2026 UP GARAGE GROUP Co., Ltd. announced that they will report Q3, 2026 results on Feb 06, 2026 Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥34.79 (vs JP¥38.37 in 3Q 2024) Third quarter 2025 results: EPS: JP¥34.79 (down from JP¥38.37 in 3Q 2024). Revenue: JP¥4.02b (up 12% from 3Q 2024). Net income: JP¥275.0m (down 9.2% from 3Q 2024). Profit margin: 6.8% (down from 8.5% 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 15% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: JP¥13.04 (vs JP¥10.65 in 2Q 2024) Second quarter 2025 results: EPS: JP¥13.04 (up from JP¥10.65 in 2Q 2024). Revenue: JP¥3.12b (up 13% from 2Q 2024). Net income: JP¥103.0m (up 23% from 2Q 2024). Profit margin: 3.3% (up from 3.1% in 2Q 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥820, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 4.6% over the past year. New Risk • Aug 02
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 7.5% 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 (7.5% average weekly change). 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¥7.59b market cap, or US$50.9m). New Risk • Jun 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 5.6% 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 (5.6% average weekly change). Market cap is less than US$100m (JP¥8.11b market cap, or US$52.1m). Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,026, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 51% over the past year. Announcement • Jun 02
UP GARAGE GROUP Co., Ltd. to Report Q1, 2025 Results on Aug 13, 2024 UP GARAGE GROUP Co., Ltd. announced that they will report Q1, 2025 results on Aug 13, 2024 Valuation Update With 7 Day Price Move • May 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥935, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 35% over the past year. Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥80.98 (vs JP¥71.00 in FY 2023) Full year 2024 results: EPS: JP¥80.98 (up from JP¥71.00 in FY 2023). Revenue: JP¥12.6b (up 11% from FY 2023). Net income: JP¥639.0m (up 14% from FY 2023). Profit margin: 5.1% (up from 4.9% in FY 2023). The increase in margin was driven by higher revenue. Announcement • May 15
UP GARAGE GROUP Co., Ltd., Annual General Meeting, Jun 26, 2024 UP GARAGE GROUP Co., Ltd., Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%). Announcement • Mar 02
UP GARAGE GROUP Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 UP GARAGE GROUP Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: JP¥38.37 (vs JP¥33.02 in 3Q 2023) Third quarter 2024 results: EPS: JP¥38.37 (up from JP¥33.02 in 3Q 2023). Revenue: JP¥3.58b (up 7.9% from 3Q 2023). Net income: JP¥303.0m (up 17% from 3Q 2023). Profit margin: 8.5% (up from 7.8% in 3Q 2023). The increase in margin was driven by higher revenue. Reported Earnings • Nov 17
Second quarter 2024 earnings released: EPS: JP¥10.65 (vs JP¥12.32 in 2Q 2023) Second quarter 2024 results: EPS: JP¥10.65 (down from JP¥12.32 in 2Q 2023). Revenue: JP¥2.75b (up 5.7% from 2Q 2023). Net income: JP¥84.0m (down 13% from 2Q 2023). Profit margin: 3.1% (down from 3.7% in 2Q 2023). The decrease in margin was driven by higher expenses. New Risk • Oct 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (JP¥5.76b market cap, or US$38.7m). Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: JP¥11.68 (vs JP¥11.69 in 1Q 2023) First quarter 2024 results: EPS: JP¥11.68 (down from JP¥11.69 in 1Q 2023). Revenue: JP¥2.79b (up 10% from 1Q 2023). Net income: JP¥92.0m (flat on 1Q 2023). Profit margin: 3.3% (down from 3.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Buying Opportunity • Aug 15
Now 23% undervalued Over the last 90 days, the stock is up 5.9%. The fair value is estimated to be JP¥970, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Earnings per share has grown by 35%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥60.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,881, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 18x in the Online Retail industry in Japan. Total returns to shareholders of 64% over the past year. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: JP¥99.07 (vs JP¥37.06 in 3Q 2022) Third quarter 2023 results: EPS: JP¥99.07 (up from JP¥37.06 in 3Q 2022). Revenue: JP¥3.32b (up 22% from 3Q 2022). Net income: JP¥260.0m (up 168% from 3Q 2022). Profit margin: 7.8% (up from 3.6% in 3Q 2022). The increase in margin was driven by higher revenue. Announcement • Nov 27
Croooober Co., Ltd. to Report Q3, 2023 Results on Feb 13, 2023 Croooober Co., Ltd. announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥36.96 (vs JP¥37.06 in 2Q 2022) Second quarter 2023 results: EPS: JP¥36.96 (down from JP¥37.06 in 2Q 2022). Revenue: JP¥2.60b (down 3.9% from 2Q 2022). Net income: JP¥97.0m (flat on 2Q 2022). Profit margin: 3.7% (up from 3.6% in 2Q 2022). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥1,661, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 19x in the Online Retail industry in Japan. Announcement • Aug 25
Croooober Co., Ltd. to Report Q2, 2023 Results on Nov 14, 2022 Croooober Co., Ltd. announced that they will report Q2, 2023 results on Nov 14, 2022 Reported Earnings • Aug 15
First quarter 2023 earnings released First quarter 2023 results: EPS: JP¥35.05. Net income: JP¥92.0m (up JP¥92.0m from 1Q 2022). Announcement • Jun 05
Croooober Co., Ltd. to Report Q1, 2023 Results on Aug 12, 2022 Croooober Co., Ltd. announced that they will report Q1, 2023 results on Aug 12, 2022 Announcement • May 12
Croooober Co., Ltd., Annual General Meeting, Jun 28, 2022 Croooober Co., Ltd., Annual General Meeting, Jun 28, 2022. Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥183 (vs JP¥137 in FY 2021) Full year 2022 results: EPS: JP¥183 (up from JP¥137 in FY 2021). Revenue: JP¥10.5b (up 6.1% from FY 2021). Net income: JP¥412.0m (up 42% from FY 2021). Profit margin: 3.9% (up from 2.9% in FY 2021). The increase in margin was driven by higher revenue. Announcement • Apr 08
Croooober Co., Ltd. to Report Fiscal Year 2022 Results on May 09, 2022 Croooober Co., Ltd. announced that they will report fiscal year 2022 results on May 09, 2022 Announcement • Dec 24
Croooober Co., Ltd. has completed an IPO in the amount of ¥1.474848 billion. Croooober Co., Ltd. has completed an IPO in the amount of ¥1.474848 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 682,800
Price\Range: ¥2160
Discount Per Security: ¥172.8