Announcement • Jun 30
Happinet Corporation to Report Q1, 2027 Results on Aug 10, 2026 Happinet Corporation announced that they will report Q1, 2027 results on Aug 10, 2026 Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥3,040, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Retail Distributors industry in Japan. Total returns to shareholders of 201% over the past three years. Reported Earnings • Jun 23
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥231 (up from JP¥153 in FY 2025). Revenue: JP¥439.1b (up 21% from FY 2025). Net income: JP¥10.1b (up 49% from FY 2025). Profit margin: 2.3% (up from 1.9% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 34% per year. Reported Earnings • May 17
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥231 (up from JP¥153 in FY 2025). Revenue: JP¥439.1b (up 21% from FY 2025). Net income: JP¥10.1b (up 49% from FY 2025). Profit margin: 2.3% (up from 1.9% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 15
Happinet Corporation, Annual General Meeting, Jun 18, 2026 Happinet Corporation, Annual General Meeting, Jun 18, 2026. Announcement • Apr 15
Happinet Corporation to Report Fiscal Year 2026 Results on May 14, 2026 Happinet Corporation announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 22 June 2026. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.9%). Reported Earnings • Feb 11
Third quarter 2026 earnings released Third quarter 2026 results: Revenue: JP¥143.1b (up 25% from 3Q 2025). Net income: JP¥2.96b (up 162% from 3Q 2025). Profit margin: 2.1% (up from 1.0% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Retail Distributors industry in Japan. Announcement • Dec 24
Happinet Corporation to Report Q3, 2026 Results on Feb 10, 2026 Happinet Corporation announced that they will report Q3, 2026 results on Feb 10, 2026 Declared Dividend • Dec 09
First half dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 30th March 2026 Payment date: 22nd June 2026 Dividend yield will be 0.9%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 32%. Cash payout ratio: 15%. Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥153 (vs JP¥90.70 in 2Q 2025) Second quarter 2026 results: EPS: JP¥153 (up from JP¥90.70 in 2Q 2025). Revenue: JP¥100.5b (up 17% from 2Q 2025). Net income: JP¥3.35b (up 68% from 2Q 2025). Profit margin: 3.3% (up from 2.3% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 28
Happinet Corporation to Report Q2, 2026 Results on Nov 13, 2025 Happinet Corporation announced that they will report Q2, 2026 results on Nov 13, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥151 (vs JP¥107 in 1Q 2025) First quarter 2026 results: EPS: JP¥151 (up from JP¥107 in 1Q 2025). Revenue: JP¥95.9b (up 17% from 1Q 2025). Net income: JP¥3.32b (up 39% from 1Q 2025). Profit margin: 3.5% (up from 2.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥25.00 announced Dividend of JP¥25.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 2.3%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (42% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 41% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jul 03
Happinet Corporation to Report Q1, 2026 Results on Aug 07, 2025 Happinet Corporation announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • Jun 25
Full year 2025 earnings released: EPS: JP¥307 (vs JP¥295 in FY 2024) Full year 2025 results: EPS: JP¥307 (up from JP¥295 in FY 2024). Revenue: JP¥364.4b (up 4.0% from FY 2024). Net income: JP¥6.76b (up 2.8% from FY 2024). Profit margin: 1.9% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 15
Full year 2025 earnings released: EPS: JP¥307 (vs JP¥295 in FY 2024) Full year 2025 results: EPS: JP¥307 (up from JP¥295 in FY 2024). Revenue: JP¥364.4b (up 4.0% from FY 2024). Net income: JP¥6.76b (up 2.8% from FY 2024). Profit margin: 1.9% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 13
Happinet Corporation, Annual General Meeting, Jun 19, 2025 Happinet Corporation, Annual General Meeting, Jun 19, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥4,295, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 11x in the Retail Distributors industry in Japan. Total returns to shareholders of 221% over the past three years. Announcement • Apr 02
Happinet Corporation to Report Fiscal Year 2025 Results on May 13, 2025 Happinet Corporation announced that they will report fiscal year 2025 results on May 13, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥105 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 23 June 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥5,300, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 12x in the Retail Distributors industry in Japan. Total returns to shareholders of 270% over the past three years. Announcement • Mar 11
Happinet Corporation Announces Change of Representative Director and Executive Personnel Changes, Effective as of April 1, 2025 Happinet Corporation at the board meeting held on March 11, 2025, to change the Company's representative director and executive personnel changes, Effective as of April 1, 2025. The company announced changes of executive responsibility of Toshiyuki Mizutani from Current title: Director, Managing Executive Officer, Head of the In-house Company Management Division to New title: Director, Managing Executive Officer, Head of Business Division. The company announced changes of executive responsibility of Yoshiyuki Takahashi from Current title: Executive Officer Head of the Corporate Strategy Office to New title: Executive Officer Head of the Overseas Business Promotion Office. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥51.40 (vs JP¥81.16 in 3Q 2024) Third quarter 2025 results: EPS: JP¥51.40 (down from JP¥81.16 in 3Q 2024). Revenue: JP¥114.6b (up 2.9% from 3Q 2024). Net income: JP¥1.13b (down 38% from 3Q 2024). Profit margin: 1.0% (down from 1.6% 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 27% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 07
First half dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 28th March 2025 Payment date: 23rd June 2025 Dividend yield will be 1.1%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 30
Happinet Corporation to Report Q3, 2025 Results on Dec 02, 2025 Happinet Corporation announced that they will report Q3, 2025 results on Dec 02, 2025 Reported Earnings • Nov 15
Second quarter 2025 earnings released: EPS: JP¥90.69 (vs JP¥120 in 2Q 2024) Second quarter 2025 results: EPS: JP¥90.69 (down from JP¥120 in 2Q 2024). Revenue: JP¥86.2b (up 9.6% from 2Q 2024). Net income: JP¥2.00b (down 25% from 2Q 2024). Profit margin: 2.3% (down from 3.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 06 December 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.7%). Announcement • Aug 29
Happinet Corporation to Report Q2, 2025 Results on Nov 12, 2024 Happinet Corporation announced that they will report Q2, 2025 results on Nov 12, 2024 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 5.9% 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 (5.9% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥2,624, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 10x in the Retail Distributors industry in Japan. Total returns to shareholders of 103% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 27th September 2024 Payment date: 6th December 2024 Dividend yield will be 3.8%, 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 (16% cash payout ratio). The dividend has increased by an average of 8.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 26
Full year 2024 earnings released: EPS: JP¥295 (vs JP¥161 in FY 2023) Full year 2024 results: EPS: JP¥295 (up from JP¥161 in FY 2023). Revenue: JP¥350.5b (up 14% from FY 2023). Net income: JP¥6.58b (up 85% from FY 2023). Profit margin: 1.9% (up from 1.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 18
Happinet Corporation to Report Q1, 2025 Results on Aug 08, 2024 Happinet Corporation announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥295 (vs JP¥161 in FY 2023) Full year 2024 results: EPS: JP¥295 (up from JP¥161 in FY 2023). Revenue: JP¥350.5b (up 14% from FY 2023). Net income: JP¥6.58b (up 85% from FY 2023). Profit margin: 1.9% (up from 1.2% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 29% per year. Announcement • May 15
Happinet Corporation, Annual General Meeting, Jun 20, 2024 Happinet Corporation, Annual General Meeting, Jun 20, 2024. Announcement • May 14
Happinet Corporation (TSE:7552) announces an Equity Buyback for 500,000 shares, representing 2.19% for ¥1,700 million. Happinet Corporation (TSE:7552) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.19% of its total shares outstanding for a total of ¥1,700 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment and to improve shareholder returns. The program will be valid till August 30, 2024. As of March 31, 20124, the company had 22,860,718 shares outstanding and 1,189,282 shares in treasury. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.4%). Announcement • Mar 07
Happinet Corporation to Report Fiscal Year 2024 Results on May 13, 2024 Happinet Corporation announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥81.16 (vs JP¥64.59 in 3Q 2023) Third quarter 2024 results: EPS: JP¥81.16 (up from JP¥64.59 in 3Q 2023). Revenue: JP¥111.4b (up 9.2% from 3Q 2023). Net income: JP¥1.81b (up 26% from 3Q 2023). Profit margin: 1.6% (up from 1.4% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 29% per year. New Risk • Feb 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 6.4% 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 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 (6.4% average weekly change). Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥3,340, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 12x in the Retail Distributors industry in Japan. Total returns to shareholders of 139% over the past three years. Announcement • Dec 08
Happinet Corporation to Report Q3, 2024 Results on Feb 08, 2024 Happinet Corporation announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥120 (vs JP¥64.42 in 2Q 2023) Second quarter 2024 results: EPS: JP¥120 (up from JP¥64.42 in 2Q 2023). Revenue: JP¥78.7b (flat on 2Q 2023). Net income: JP¥2.67b (up 87% from 2Q 2023). Profit margin: 3.4% (up from 1.8% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥25.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.3%). Announcement • Aug 29
Happinet Corporation to Report Q2, 2024 Results on Nov 10, 2023 Happinet Corporation announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥65.71 (vs JP¥37.42 in 1Q 2023) First quarter 2024 results: EPS: JP¥65.71 (up from JP¥37.42 in 1Q 2023). Revenue: JP¥82.3b (up 33% from 1Q 2023). Net income: JP¥1.46b (up 77% from 1Q 2023). Profit margin: 1.8% (up from 1.3% 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 26% per year whereas the company’s share price has increased by 25% per year. New Risk • Jul 10
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. Managing Executive Officer, CFO, Head of the Corporate Planning Office & Director Hiroyuki Ishimaru was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Jun 09
Happinet Corporation to Report Q1, 2024 Results on Aug 08, 2023 Happinet Corporation announced that they will report Q1, 2024 results on Aug 08, 2023 Announcement • May 17
Happinet Corporation, Annual General Meeting, Jun 22, 2023 Happinet Corporation, Annual General Meeting, Jun 22, 2023. Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥161 (vs JP¥162 in FY 2022) Full year 2023 results: EPS: JP¥161. Revenue: JP¥307.3b (up 8.8% from FY 2022). Net income: JP¥3.56b (flat on FY 2022). Profit margin: 1.2% (down from 1.3% in FY 2022). The decrease in margin was driven by higher expenses. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥64.59 (vs JP¥82.92 in 3Q 2022) Third quarter 2023 results: EPS: JP¥64.59 (down from JP¥82.92 in 3Q 2022). Revenue: JP¥102.0b (up 7.0% from 3Q 2022). Net income: JP¥1.43b (down 22% from 3Q 2022). Profit margin: 1.4% (down from 1.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Nov 30
Happinet Corporation to Report Q3, 2023 Results on Feb 08, 2023 Happinet Corporation announced that they will report Q3, 2023 results on Feb 08, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥64.41 (vs JP¥39.35 in 2Q 2022) Second quarter 2023 results: EPS: JP¥64.41 (up from JP¥39.35 in 2Q 2022). Revenue: JP¥78.7b (up 19% from 2Q 2022). Net income: JP¥1.43b (up 65% from 2Q 2022). Profit margin: 1.8% (up from 1.3% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,848, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Retail Distributors industry in Asia. Total returns to shareholders of 60% over the past three years. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.5%). Announcement • Aug 31
Happinet Corporation to Report Q2, 2023 Results on Nov 14, 2022 Happinet Corporation announced that they will report Q2, 2023 results on Nov 14, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥37.42 (vs JP¥38.36 in 1Q 2022) First quarter 2023 results: EPS: JP¥37.42 (down from JP¥38.36 in 1Q 2022). Revenue: JP¥61.7b (up 4.0% from 1Q 2022). Net income: JP¥825.0m (down 1.9% from 1Q 2022). Profit margin: 1.3% (down from 1.4% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 5.4%, compared to a 21% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Jun 04
Happinet Corporation to Report Q1, 2023 Results on Aug 09, 2022 Happinet Corporation announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • May 13
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: JP¥162 (up from JP¥118 in FY 2021). Revenue: JP¥282.4b (up 8.9% from FY 2021). Net income: JP¥3.55b (up 37% from FY 2021). Profit margin: 1.3% (up from 1.0% in FY 2021). The increase in margin was driven by higher revenue. 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 1.8%, compared to a 12% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Happinet Corporation, Annual General Meeting, Jun 23, 2022 Happinet Corporation, Annual General Meeting, Jun 23, 2022. Price Target Changed • Apr 27
Price target increased to JP¥2,140 Up from JP¥1,920, the current price target is provided by 1 analyst. New target price is 44% above last closing price of JP¥1,485. Stock is up 0.7% over the past year. The company is forecast to post earnings per share of JP¥162 for next year compared to JP¥118 last year. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Toshiko Oka was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 08
Happinet Corporation to Report Fiscal Year 2022 Results on May 11, 2022 Happinet Corporation announced that they will report fiscal year 2022 results on May 11, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 27 June 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: JP¥82.91 (up from JP¥68.03 in 3Q 2021). Revenue: JP¥95.3b (up 6.4% from 3Q 2021). Net income: JP¥1.83b (up 22% from 3Q 2021). Profit margin: 1.9% (up from 1.7% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.9%. Earnings per share (EPS) missed analyst estimates by 15%. Over the next year, revenue is forecast to stay flat compared to a 20% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% 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 • Nov 17
Price target increased to JP¥2,140 Up from JP¥1,920, the current price target is provided by 1 analyst. New target price is 42% above last closing price of JP¥1,512. Stock is up 4.8% over the past year. The company is forecast to post earnings per share of JP¥148 for next year compared to JP¥118 last year. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥39.35 (vs JP¥44.50 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¥65.9b (up 8.3% from 2Q 2021). Net income: JP¥866.0m (down 11% from 2Q 2021). Profit margin: 1.3% (down from 1.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (2.0%). Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS JP¥38.36 (vs JP¥13.01 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥59.3b (up 17% from 1Q 2021). Net income: JP¥841.0m (up 195% from 1Q 2021). Profit margin: 1.4% (up from 0.6% 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 22% 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. Reported Earnings • May 19
Full year 2021 earnings released: EPS JP¥118 (vs JP¥55.92 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥259.3b (up 11% from FY 2020). Net income: JP¥2.59b (up 112% from FY 2020). Profit margin: 1.0% (up from 0.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 19 June 2021. Trailing yield: 3.1%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Announcement • Mar 10
Happinet Corporation to Report Fiscal Year 2021 Results on May 14, 2021 Happinet Corporation announced that they will report fiscal year 2021 results on May 14, 2021 Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS JP¥68.02 (vs JP¥43.23 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥89.6b (up 14% from 3Q 2020). Net income: JP¥1.49b (up 57% from 3Q 2020). Profit margin: 1.7% (up from 1.2% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% 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. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥1,677 The company is up 14% from its price of JP¥1,474 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is down 1.0% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: JP¥1,625 The company is up 16% from its price of JP¥1,403 on 16 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 12
New 90-day high: JP¥1,542 The company is up 17% from its price of JP¥1,316 on 11 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is flat over the same period. Announcement • Dec 11
Happinet Corporation to Report Q3, 2021 Results on Feb 09, 2021 Happinet Corporation announced that they will report Q3, 2021 results on Feb 09, 2021