Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥185 (vs JP¥131 in FY 2025) Full year 2026 results: EPS: JP¥185 (up from JP¥131 in FY 2025). Revenue: JP¥12.7b (up 18% from FY 2025). Net income: JP¥1.69b (up 33% from FY 2025). Profit margin: 13% (up from 12% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 15
Art Vivant Co., Ltd., Annual General Meeting, Jun 24, 2026 Art Vivant Co., Ltd., Annual General Meeting, Jun 24, 2026. Announcement • May 10
Art Vivant Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 Art Vivant Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 9.6% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥78.93 (vs JP¥69.23 in 3Q 2025) Third quarter 2026 results: EPS: JP¥78.93 (up from JP¥69.23 in 3Q 2025). Revenue: JP¥3.30b (up 24% from 3Q 2025). Net income: JP¥720.0m (up 14% from 3Q 2025). Profit margin: 22% (down from 24% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jan 28
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. 1 experienced director. 7 highly experienced directors. 1 independent director (4 non-independent directors). Independent Outside Director Masato Gokura was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Nov 29
Art Vivant Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 Art Vivant Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Announcement • Oct 29
Katsumi Nozawa cancelled the acquisition of remaining 66.13% stake in Art Vivant Co., Ltd. (TSE:7523) in a management buyout transaction. Katsumi Nozawa proposed to acquire remaining 66.13% stake in Art Vivant Co., Ltd. (TSE:7523) in a management buyout transaction for ¥10.1 billion on June 30, 2025. A cash consideration valued at ¥1670 per share will be paid by the buyer. The Offeror has set 2,987,200 shares (ownership ratio: 32.80%) as the minimum number of shares to be purchased in the Tender Offer, and if the total number of share certificates, etc. tendered in the Tender Offer. On July 11, 2025, the Special Committee approved that there were no issues with the independence and fairness of this review system. The expected closing date of the transaction is October 15, 2025. City Yuwa Law act as legal advisor, YAMADA Consulting Group Co.,Ltd. (TSE:4792) act as financial advisor for Art Vivant Co., Ltd. Mizuho Securities Co., Ltd at as tender offer agent in the transaction.
Katsumi Nozawa cancelled the acquisition of remaining 66.13% stake in Art Vivant Co., Ltd. (TSE:7523) in a management buyout transaction on October 28, 2025. Since the number of shares tendered did not meet the minimum purchase criteria, none of the tendered shares would be purchased. New Risk • Oct 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.2b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (10% 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¥15.2b market cap, or US$99.5m). Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,987, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 315% over the past three years. Announcement • Sep 01
Art Vivant Co., Ltd. to Report Q2, 2026 Results on Nov 12, 2025 Art Vivant Co., Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 New Risk • Sep 01
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 7.7% 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 Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.7% 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¥12.8b market cap, or US$86.8m). Valuation Update With 7 Day Price Move • Sep 01
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to JP¥1,403, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 195% over the past three years. New Risk • Aug 10
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% 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 (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. Market cap is less than US$100m (JP¥9.73b market cap, or US$65.8m). Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥44.58 (vs JP¥46.50 in 1Q 2025) First quarter 2026 results: EPS: JP¥44.58 (down from JP¥46.50 in 1Q 2025). Revenue: JP¥2.53b (down 8.3% from 1Q 2025). Net income: JP¥406.0m (down 15% from 1Q 2025). Profit margin: 16% (down from 17% 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 8% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 16
Art Vivant Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Art Vivant Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: JP¥131 (vs JP¥164 in FY 2024) Full year 2025 results: EPS: JP¥131 (down from JP¥164 in FY 2024). Revenue: JP¥10.7b (down 2.5% from FY 2024). Net income: JP¥1.27b (down 28% from FY 2024). Profit margin: 12% (down from 16% in FY 2024). The decrease in margin was primarily driven by lower revenue. 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 22% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 21
Full year 2025 earnings released: EPS: JP¥131 (vs JP¥164 in FY 2024) Full year 2025 results: EPS: JP¥131 (down from JP¥164 in FY 2024). Revenue: JP¥10.7b (down 2.5% from FY 2024). Net income: JP¥1.27b (down 28% from FY 2024). Profit margin: 12% (down from 16% in FY 2024). The decrease in margin was primarily driven by lower revenue. 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 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 15
Art Vivant Co., Ltd., Annual General Meeting, Jun 24, 2025 Art Vivant Co., Ltd., Annual General Meeting, Jun 24, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 25 June 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Announcement • Mar 01
Art Vivant Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 Art Vivant Co., Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥69.23 (vs JP¥37.40 in 3Q 2024) Third quarter 2025 results: EPS: JP¥69.23 (up from JP¥37.40 in 3Q 2024). Revenue: JP¥2.67b (up 1.8% from 3Q 2024). Net income: JP¥634.0m (up 59% from 3Q 2024). Profit margin: 24% (up from 15% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 18% per year. Announcement • Nov 30
Art Vivant Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 Art Vivant Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Announcement • Nov 14
Art Vivant Co., Ltd. (TSE:7523) announces an Equity Buyback for 100,000 shares, representing 0.97% for ¥99 million. Art Vivant Co., Ltd. (TSE:7523) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.09% of its issued share capital (excluding treasury stock) for ¥99 million. The shares will be repurchased at ¥990 per share. The purpose of the program is to enable the implementation of a flexible capital policy that can respond flexibly to changes in the business environment. As of November 14, 2024, the company had 10,297,069 ordinary shares in issue and 3,756,747 ordinary shares in treasury. Announcement • Sep 26
Art Vivant Co., Ltd. (TSE:7523) announces an Equity Buyback for 1,500,000 shares, representing 14.57% for ¥1,525.5 million. Art Vivant Co., Ltd. (TSE:7523) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 14.57% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,525.5 million. The shares will be repurchased at a price of ¥1,017 per share. The purpose of the program is to enable the implementation of a flexible capital policy that flexibly responds to changes in the business environment. As of September 24, 2024, the company has 10,297,069 issued shares (excluding treasury stock) and has 2,666,747 treasury shares. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 16 December 2024. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Announcement • Aug 27
Art Vivant Co., Ltd. to Report Q2, 2025 Results on Nov 13, 2024 Art Vivant Co., Ltd. announced that they will report Q2, 2025 results on Nov 13, 2024 Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: JP¥46.50 (vs JP¥70.67 in 1Q 2024) First quarter 2025 results: EPS: JP¥46.50 (down from JP¥70.67 in 1Q 2024). Revenue: JP¥2.76b (down 12% from 1Q 2024). Net income: JP¥477.0m (down 38% from 1Q 2024). Profit margin: 17% (down from 25% in 1Q 2024). The decrease in margin was driven by lower 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 15% 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 17% After last week's 17% share price decline to JP¥891, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 57% over the past three years. Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: JP¥164 (vs JP¥124 in FY 2023) Full year 2024 results: EPS: JP¥164 (up from JP¥124 in FY 2023). Revenue: JP¥11.0b (up 2.6% from FY 2023). Net income: JP¥1.77b (up 30% from FY 2023). Profit margin: 16% (up from 13% in FY 2023). The increase in margin was primarily driven by higher revenue. 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 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 20
Full year 2024 earnings released: EPS: JP¥164 (vs JP¥124 in FY 2023) Full year 2024 results: EPS: JP¥164 (up from JP¥124 in FY 2023). Revenue: JP¥11.0b (up 2.6% from FY 2023). Net income: JP¥1.77b (up 30% from FY 2023). Profit margin: 16% (up from 13% in FY 2023). The increase in margin was primarily driven by higher revenue. 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 22% per year, which means it is significantly lagging earnings growth. Announcement • May 17
Art Vivant Co., Ltd., Annual General Meeting, Jun 24, 2024 Art Vivant Co., Ltd., Annual General Meeting, Jun 24, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%). Announcement • Mar 08
Art Vivant Co., Ltd. (TSE:7523) announces an Equity Buyback for 550,000 shares, representing 5.14% for ¥652.3 million. Art Vivant Co., Ltd. (TSE:7523) announces a share repurchase program. Under the program, the company will repurchase up to 550,000 shares, representing 5.14% of its issued share capital (excluding treasury stock), for a total purchase price of ¥652.3 million. The shares will be repurchased at a price of ¥1,186 per share. The purpose of the program is to enable the implementation of agile capital policies that flexibly respond to changes in the business environment. As of March 8, 2024, the company has 10,697,569 issued shares (excluding treasury stock) and has 2,266,247 treasury shares. Announcement • Mar 02
Art Vivant Co., Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 Art Vivant Co., Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥37.39 (vs JP¥57.70 in 3Q 2023) Third quarter 2024 results: EPS: JP¥37.39 (down from JP¥57.70 in 3Q 2023). Revenue: JP¥2.62b (down 4.1% from 3Q 2023). Net income: JP¥400.0m (down 37% from 3Q 2023). Profit margin: 15% (down from 23% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 27% per year. Announcement • Nov 29
Art Vivant Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Art Vivant Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥36.22 (vs JP¥41.68 in 2Q 2023) Second quarter 2024 results: EPS: JP¥36.22 (down from JP¥41.68 in 2Q 2023). Revenue: JP¥2.65b (down 13% from 2Q 2023). Net income: JP¥394.0m (down 14% from 2Q 2023). Profit margin: 15% (in line with 2Q 2023). 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 28% per year. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,014, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 134% over the past three years. Announcement • Sep 27
Art Vivant Co., Ltd. (TSE:7523) announces an Equity Buyback for 300,000 shares, representing 2.76% for ¥369 million. Art Vivant Co., Ltd. (TSE:7523) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 2.76% of its issued share capital (excluding treasury stock), for a total purchase price of ¥369 million. The shares will be repurchased at a price of ¥1,230 per share. The purpose of the program is to enable the implementation of agile capital policies that flexibly respond to changes in the business environment. As of September 25, 2023, the company has 10,853,169 issued shares (excluding treasury stock) and has 2,110,647 treasury shares. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥30.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 18% 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 (3.3%). Higher than average of industry peers (1.4%). Announcement • Aug 27
Art Vivant Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Art Vivant Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 14
First quarter 2024 earnings released: EPS: JP¥70.66 (vs JP¥29.66 in 1Q 2023) First quarter 2024 results: EPS: JP¥70.66 (up from JP¥29.66 in 1Q 2023). Revenue: JP¥3.13b (up 29% from 1Q 2023). Net income: JP¥774.0m (up 141% from 1Q 2023). Profit margin: 25% (up from 13% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 27% per year. Announcement • Jun 29
Art Vivant Co., Ltd. (TSE:7523) announces an Equity Buyback for 150,000 shares, representing 1.37% for ¥150 million. Art Vivant Co., Ltd. (TSE:7523) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 1.37% of its share capital, for ¥150 million. The shares will be repurchased at a price of ¥970 per share. The purpose of the program is to enable the execution of a flexible capital policy that flexibly responds to changes in the business environment. The program will expire on June 29, 2023. As of June 28, 2023, the company had 10,988,369 shares in issue (excluding treasury stock) and 1,975,447 shares in treasury. Announcement • Jun 01
Art Vivant Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Art Vivant Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥124 (vs JP¥107 in FY 2022) Full year 2023 results: EPS: JP¥124 (up from JP¥107 in FY 2022). Revenue: JP¥10.7b (up 4.6% from FY 2022). Net income: JP¥1.35b (up 18% from FY 2022). Profit margin: 13% (up from 11% in FY 2022). The increase in margin was driven by higher revenue. 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 21% per year. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥733, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 80% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share at 4.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 4.8%. Within 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¥57.69 (vs JP¥35.11 in 3Q 2022) Third quarter 2023 results: EPS: JP¥57.69 (up from JP¥35.11 in 3Q 2022). Revenue: JP¥2.73b (up 6.7% from 3Q 2022). Net income: JP¥635.0m (up 67% from 3Q 2022). Profit margin: 23% (up from 15% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Nov 30
Art Vivant Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Art Vivant Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Announcement • Nov 22
Art Vivant Co., Ltd. (TSE:7523) announces an Equity Buyback for 300,000 shares, representing 2.72% for ¥200 million. Art Vivant Co., Ltd. (TSE:7523) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 2.72% of its share capital, for ¥200 million. The purpose of the program is to enable the execution of a flexible capital policy that flexibly responds to changes in the business environment. The program will expire on December 28, 2022. As of November 21, 2022, the company had 11,022,269 shares in issue (excluding treasury stock) and 1,941,547 shares in treasury. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥41.67 (vs JP¥40.04 in 2Q 2022) Second quarter 2023 results: EPS: JP¥41.67 (up from JP¥40.04 in 2Q 2022). Revenue: JP¥3.03b (up 14% from 2Q 2022). Net income: JP¥457.0m (up 6.0% from 2Q 2022). Profit margin: 15% (down from 16% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. No independent directors (4 non-independent directors). Manager of Administrative Department and Director Koji Higuchi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥41.67 (vs JP¥40.04 in 2Q 2022) Second quarter 2023 results: EPS: JP¥41.67 (up from JP¥40.04 in 2Q 2022). Revenue: JP¥3.03b (up 14% from 2Q 2022). Net income: JP¥457.0m (up 6.0% from 2Q 2022). Profit margin: 15% (down from 16% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 16 December 2022. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Announcement • Aug 28
Art Vivant Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022 Art Vivant Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥29.66 (vs JP¥38.41 in 1Q 2022) First quarter 2023 results: EPS: JP¥29.66 (down from JP¥38.41 in 1Q 2022). Revenue: JP¥2.43b (down 4.7% from 1Q 2022). Net income: JP¥321.0m (down 21% from 1Q 2022). Profit margin: 13% (down from 16% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 2% per year. Announcement • May 29
Art Vivant Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022 Art Vivant Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Announcement • May 15
Art Vivant Co., Ltd., Annual General Meeting, Jun 24, 2022 Art Vivant Co., Ltd., Annual General Meeting, Jun 24, 2022. Agenda: General meeting of shareholders. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. No independent directors (4 non-independent directors). Manager of Administrative Department and Director Koji Higuchi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
Art Vivant Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Art Vivant Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%). Reported Earnings • Nov 16
Second quarter 2022 earnings released: EPS JP¥41.52 (vs JP¥20.12 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥2.65b (up 43% from 2Q 2021). Net income: JP¥447.0m (up 110% from 2Q 2021). Profit margin: 17% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% 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. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 15 December 2021. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.3%). Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS JP¥41.32 (vs JP¥1.90 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥2.55b (up 67% from 1Q 2021). Net income: JP¥439.0m (up JP¥419.0m from 1Q 2021). Profit margin: 17% (up from 1.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • May 20
Full year 2021 earnings released: EPS JP¥55.32 (vs JP¥99.79 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥7.89b (down 10% from FY 2020). Net income: JP¥586.0m (down 49% from FY 2020). Profit margin: 7.4% (down from 13% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Announcement • Mar 04
Art Vivant Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 Art Vivant Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥651, the stock is trading at a trailing P/E ratio of 7.9x, up from the previous P/E ratio of 6.8x. This compares to an average P/E of 13x in the Specialty Retail industry in Japan. Total returns to shareholders over the past three years are 5.7%. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥42.58 (vs JP¥33.29 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.30b (up 3.9% from 3Q 2020). Net income: JP¥453.0m (up 17% from 3Q 2020). Profit margin: 20% (up from 18% in 3Q 2020). 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 fallen by 7% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 12
New 90-day high: JP¥585 The company is up 14% from its price of JP¥514 on 13 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 7.0% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: JP¥550 The company is up 10.0% from its price of JP¥499 on 23 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Specialty Retail industry, which is also up 10.0% over the same period. Announcement • Nov 29
Art Vivant Co., Ltd. to Report Q3, 2021 Results on Feb 12, 2021 Art Vivant Co., Ltd. announced that they will report Q3, 2021 results on Feb 12, 2021 Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS JP¥20.12 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥1.86b (down 20% from 2Q 2020). Net income: JP¥213.0m (down 50% from 2Q 2020). Profit margin: 12% (down from 18% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming Dividend of JP¥15.00 Per Share Will be paid on the 13th of December to those who are registered shareholders by the 29th of September. The trailing yield of 5.6% is in the top quartile of Japanese dividend payers (3.1%), and it is higher than industry peers (1.3%). Announcement • Sep 04
Art Vivant Co., Ltd. to Report Q2, 2021 Results on Nov 12, 2020 Art Vivant Co., Ltd. announced that they will report Q2, 2021 results on Nov 12, 2020 
