Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,550, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 13x in the Retail Distributors industry in Japan. Total returns to shareholders of 167% over the past three years. Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥126 (vs JP¥129 in FY 2025) Full year 2026 results: EPS: JP¥126 (down from JP¥129 in FY 2025). Revenue: JP¥11.9b (flat on FY 2025). Net income: JP¥570.0m (down 2.2% from FY 2025). Profit margin: 4.8% (down from 4.9% in FY 2025). Over the last 3 years on average, earnings per share has increased by 24% 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 • May 15
MOONBAT Co.,Ltd., Annual General Meeting, Jun 26, 2026 MOONBAT Co.,Ltd., Annual General Meeting, Jun 26, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥32.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.9%). Reported Earnings • Feb 16
Third quarter 2026 earnings released: JP¥13.31 loss per share (vs JP¥25.28 profit in 3Q 2025) Third quarter 2026 results: JP¥13.31 loss per share (down from JP¥25.28 profit in 3Q 2025). Revenue: JP¥2.15b (down 17% from 3Q 2025). Net loss: JP¥60.0m (down 153% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,248, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 12x in the Retail Distributors industry in Japan. Total returns to shareholders of 205% over the past three years. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,705, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 12x in the Retail Distributors industry in Japan. Total returns to shareholders of 311% over the past three years. Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥130 (vs JP¥94.11 in 1Q 2025) First quarter 2026 results: EPS: JP¥130 (up from JP¥94.11 in 1Q 2025). Revenue: JP¥4.10b (up 6.1% from 1Q 2025). Net income: JP¥586.0m (up 38% from 1Q 2025). Profit margin: 14% (up from 11% 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 74% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,364, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 11x in the Retail Distributors industry in Japan. Total returns to shareholders of 212% over the past three years. Reported Earnings • Jun 29
Full year 2025 earnings released: EPS: JP¥129 (vs JP¥119 in FY 2024) Full year 2025 results: EPS: JP¥129 (up from JP¥119 in FY 2024). Revenue: JP¥11.9b (up 13% from FY 2024). Net income: JP¥583.0m (up 7.0% from FY 2024). Profit margin: 4.9% (down from 5.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 21
Full year 2025 earnings released: EPS: JP¥129 (vs JP¥119 in FY 2024) Full year 2025 results: EPS: JP¥129 (up from JP¥119 in FY 2024). Revenue: JP¥11.9b (up 13% from FY 2024). Net income: JP¥583.0m (up 7.0% from FY 2024). Profit margin: 4.9% (down from 5.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • May 15
MOONBAT Co.,Ltd., Annual General Meeting, Jun 26, 2025 MOONBAT Co.,Ltd., Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥980, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 11x in the Retail Distributors industry in Japan. Total returns to shareholders of 129% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.8%). Reported Earnings • Feb 17
Third quarter 2025 earnings released: EPS: JP¥25.28 (vs JP¥27.57 in 3Q 2024) Third quarter 2025 results: EPS: JP¥25.28 (down from JP¥27.57 in 3Q 2024). Revenue: JP¥2.60b (up 2.8% from 3Q 2024). Net income: JP¥114.0m (down 9.5% from 3Q 2024). Profit margin: 4.4% (down from 5.0% 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 94% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Dec 05
MOONBAT Co.,Ltd. to Report Q3, 2025 Results on Feb 14, 2025 MOONBAT Co.,Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025 Announcement • Aug 27
MOONBAT Co.,Ltd. to Report Q2, 2025 Results on Nov 14, 2024 MOONBAT Co.,Ltd. announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 04
First quarter 2025 earnings released: EPS: JP¥94.11 (vs JP¥85.48 in 1Q 2024) First quarter 2025 results: EPS: JP¥94.11 (up from JP¥85.48 in 1Q 2024). Revenue: JP¥3.86b (up 19% from 1Q 2024). Net income: JP¥425.0m (up 8.4% from 1Q 2024). Profit margin: 11% (down from 12% 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 120% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. New Risk • Jul 12
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: 3.4% 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. 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). Market cap is less than US$100m (JP¥4.34b market cap, or US$27.3m). Announcement • Jun 28
MOONBAT Co.,Ltd. to Report Q1, 2025 Results on Aug 02, 2024 MOONBAT Co.,Ltd. announced that they will report Q1, 2025 results on Aug 02, 2024 Reported Earnings • May 20
Full year 2024 earnings released: EPS: JP¥119 (vs JP¥29.86 in FY 2023) Full year 2024 results: EPS: JP¥119 (up from JP¥29.86 in FY 2023). Revenue: JP¥10.6b (up 11% from FY 2023). Net income: JP¥545.0m (up 289% from FY 2023). Profit margin: 5.1% (up from 1.5% 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 123% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • May 17
MOONBAT Co.,Ltd., Annual General Meeting, Jun 27, 2024 MOONBAT Co.,Ltd., Annual General Meeting, Jun 27, 2024. Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥814, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 12x in the Retail Distributors industry in Japan. Total returns to shareholders of 65% over the past three years. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥962, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 13x in the Retail Distributors industry in Japan. Total returns to shareholders of 95% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 5.2% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.4%). Announcement • Mar 02
MOONBAT Co.,Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 MOONBAT Co.,Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 17
Third quarter 2024 earnings released: EPS: JP¥27.56 (vs JP¥1.07 in 3Q 2023) Third quarter 2024 results: EPS: JP¥27.56 (up from JP¥1.07 in 3Q 2023). Revenue: JP¥2.53b (up 19% from 3Q 2023). Net income: JP¥126.0m (up JP¥121.0m from 3Q 2023). Profit margin: 5.0% (up from 0.2% 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 121% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Feb 15
MOONBAT Co.,Ltd. (TSE:8115) announces an Equity Buyback for 80,000 shares, representing 1.75% for ¥50 million. MOONBAT Co.,Ltd. (TSE:8115) announces a share repurchase program. Under the program, the company will repurchase 80,000 shares, representing 1.75% of the outstanding shares for ¥50 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will run until August 2, 2024. As of January 31, 2024, the company had 4,570,278 shares outstanding (excluding treasury stock) and 204,441 shares in treasury. Announcement • Nov 24
MOONBAT Co.,Ltd. to Report Q3, 2024 Results on Feb 14, 2024 MOONBAT Co.,Ltd. announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 20
Second quarter 2024 earnings released: EPS: JP¥5.91 (vs JP¥12.34 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥5.91 (up from JP¥12.34 loss in 2Q 2023). Revenue: JP¥2.53b (up 12% from 2Q 2023). Net income: JP¥27.0m (up JP¥85.0m from 2Q 2023). Profit margin: 1.1% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 14
First quarter 2024 earnings released: EPS: JP¥85.47 (vs JP¥43.07 in 1Q 2023) First quarter 2024 results: EPS: JP¥85.47 (up from JP¥43.07 in 1Q 2023). Revenue: JP¥3.24b (up 14% from 1Q 2023). Net income: JP¥392.0m (up 91% from 1Q 2023). Profit margin: 12% (up from 7.2% 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 96% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jul 29
MOONBAT Co.,Ltd. to Report Q2, 2024 Results on Nov 14, 2023 MOONBAT Co.,Ltd. announced that they will report Q2, 2024 results on Nov 14, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥29.86 (vs JP¥79.41 loss in FY 2022) Full year 2023 results: EPS: JP¥29.86 (up from JP¥79.41 loss in FY 2022). Revenue: JP¥9.58b (up 28% from FY 2022). Net income: JP¥140.0m (up JP¥519.0m from FY 2022). Profit margin: 1.5% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 10
MOONBAT Co.,Ltd. to Report Q1, 2024 Results on Aug 10, 2023 MOONBAT Co.,Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥6.00 per share at 1.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.4%). Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: JP¥1.07 (vs JP¥91.54 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥1.07 (up from JP¥91.54 loss in 3Q 2022). Revenue: JP¥2.13b (up 49% from 3Q 2022). Net income: JP¥5.00m (up JP¥442.0m from 3Q 2022). Profit margin: 0.2% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Feb 15
MOONBAT Co.,Ltd. (TSE:8115) announces an Equity Buyback for 60,000 shares, representing 1.3% for ¥40 million. MOONBAT Co.,Ltd. (TSE:8115) announces a share repurchase program. Under the program, the company will repurchase 60,000 shares, representing 1.3% of the outstanding shares for ¥40 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will run until August 10, 2023. As of February 14, 2023, the company had 4,630,601 shares outstanding (excluding treasury stock) and 144,118 shares in treasury. 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. 6 highly experienced directors. No independent directors (10 non-independent directors). Managing Executive Officer, Manager of Tokyo Branch and Director Tomohiro Nishimura was the last director to join the board, commencing their role in 2013. 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: JP¥12.34 loss per share (vs JP¥41.89 loss in 2Q 2022) Second quarter 2023 results: JP¥12.34 loss per share (improved from JP¥41.89 loss in 2Q 2022). Revenue: JP¥2.26b (up 60% from 2Q 2022). Net loss: JP¥58.0m (loss narrowed 71% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Oct 22
MOONBAT Co.,Ltd. to Report Q3, 2023 Results on Feb 14, 2023 MOONBAT Co.,Ltd. announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥43.06 (vs JP¥56.35 in 1Q 2022) First quarter 2023 results: EPS: JP¥43.06 (down from JP¥56.35 in 1Q 2022). Revenue: JP¥2.85b (up 9.0% from 1Q 2022). Net income: JP¥205.0m (down 24% from 1Q 2022). Profit margin: 7.2% (down from 10% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Announcement • May 15
MOONBAT Co.,Ltd., Annual General Meeting, Jun 29, 2022 MOONBAT Co.,Ltd., Annual General Meeting, Jun 29, 2022. 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. 3 experienced directors. 6 highly experienced directors. No independent directors (9 non-independent directors). Managing Executive Officer, Manager of Tokyo Branch and Director Tomohiro Nishimura was the last director to join the board, commencing their role in 2013. 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
MOONBAT Co.,Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 MOONBAT Co.,Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥91.49 loss per share (up from JP¥325 loss in 3Q 2021). Revenue: JP¥1.43b (up 6.2% from 3Q 2021). Net loss: JP¥437.0m (loss narrowed 72% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Feb 16
MOONBAT Co.,Ltd. (TSE:8115) announces an Equity Buyback for 200,000 shares, representing 4.19% for ¥100 million. MOONBAT Co.,Ltd. (TSE:8115) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 4.19% of the outstanding shares for ¥100 million. The purpose of the program is to enable the implementation of a flexible capital policy in response to changes in the business environment. The program will run until February 14, 2023. As of January 31, 2022, the company had 4,774,719 shares outstanding and 567,014 shares in treasury. Reported Earnings • Nov 16
Second quarter 2022 earnings released: JP¥41.88 loss per share (vs JP¥61.36 loss in 2Q 2021) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥1.41b (down 22% from 2Q 2021). Net loss: JP¥200.0m (loss narrowed 32% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 15
First quarter 2022 earnings released: EPS JP¥56.35 (vs JP¥64.48 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥2.62b (up 42% from 1Q 2021). Net income: JP¥269.0m (up JP¥577.0m from 1Q 2021). Profit margin: 10% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Reported Earnings • May 16
Full year 2021 earnings released: JP¥389 loss per share (vs JP¥295 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: JP¥7.17b (down 25% from FY 2020). Net loss: JP¥1.86b (loss widened 30% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Announcement • Mar 04
MOONBAT Co.,Ltd. to Report Fiscal Year 2021 Results on May 13, 2021 MOONBAT Co.,Ltd. announced that they will report fiscal year 2021 results on May 13, 2021 Reported Earnings • Feb 14
Third quarter 2021 earnings released: JP¥325 loss per share (vs JP¥220 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: JP¥1.34b (down 24% from 3Q 2020). Net loss: JP¥1.55b (loss widened 46% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥489 The company is down 19% from its price of JP¥603 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 01
New 90-day low: JP¥500 The company is down 17% from its price of JP¥600 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 3.0% over the same period.