Reported Earnings • May 17
Full year 2026 earnings released: EPS: JP¥470 (vs JP¥477 in FY 2025) Full year 2026 results: EPS: JP¥470. Revenue: JP¥9.69b (up 14% from FY 2025). Net income: JP¥328.0m (up 6.5% from FY 2025). Profit margin: 3.4% (down from 3.6% in FY 2025). The decrease in margin was driven by higher expenses. Announcement • May 13
Takachiho Co.,Ltd., Annual General Meeting, Jun 25, 2026 Takachiho Co.,Ltd., Annual General Meeting, Jun 25, 2026. Announcement • May 10
Takachiho Co.,Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Takachiho Co.,Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥3,185, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 13x in the Retail Distributors industry in Japan. Total returns to shareholders of 97% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 9.0% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.9%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥85.73 (vs JP¥123 in 3Q 2025) Third quarter 2026 results: EPS: JP¥85.73 (down from JP¥123 in 3Q 2025). Revenue: JP¥2.33b (up 6.0% from 3Q 2025). Net income: JP¥60.0m (down 25% from 3Q 2025). Profit margin: 2.6% (down from 3.6% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. New Risk • Feb 12
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 6.3% 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 (6.3% average weekly change). Market cap is less than US$100m (JP¥3.06b market cap, or US$20.0m). Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥4,400, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 14x in the Retail Distributors industry in Japan. Total returns to shareholders of 147% over the past three years. Announcement • Dec 27
Takachiho Co.,Ltd. to Report Q3, 2026 Results on Feb 12, 2026 Takachiho Co.,Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥304 (vs JP¥272 in 2Q 2025) Second quarter 2026 results: EPS: JP¥304 (up from JP¥272 in 2Q 2025). Revenue: JP¥3.11b (up 19% from 2Q 2025). Net income: JP¥212.0m (up 21% from 2Q 2025). Profit margin: 6.8% (up from 6.7% 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 9% 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 • Aug 16
Takachiho Co.,Ltd. to Report Q2, 2026 Results on Nov 12, 2025 Takachiho Co.,Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: JP¥218 (vs JP¥149 in 1Q 2025) First quarter 2026 results: EPS: JP¥218 (up from JP¥149 in 1Q 2025). Revenue: JP¥2.57b (up 24% from 1Q 2025). Net income: JP¥152.0m (up 58% from 1Q 2025). Profit margin: 5.9% (up from 4.6% 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 22% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 27
Takachiho Co.,Ltd. to Report Q1, 2026 Results on Aug 13, 2025 Takachiho Co.,Ltd. announced that they will report Q1, 2026 results on Aug 13, 2025 Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥477 (vs JP¥661 in FY 2024) Full year 2025 results: EPS: JP¥477 (down from JP¥661 in FY 2024). Revenue: JP¥8.54b (up 6.5% from FY 2024). Net income: JP¥308.0m (down 27% from FY 2024). Profit margin: 3.6% (down from 5.3% 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 42% per year whereas the company’s share price has increased by 40% per year. Announcement • May 13
Takachiho Co.,Ltd., Annual General Meeting, Jun 26, 2025 Takachiho Co.,Ltd., Annual General Meeting, Jun 26, 2025. New Risk • Apr 16
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 9.3% 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 (9.3% average weekly change). Minor Risk Market cap is less than US$100m (JP¥2.18b market cap, or US$15.3m). Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥3,055, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 11x in the Retail Distributors industry in Japan. Total returns to shareholders of 144% over the past three years. Announcement • Mar 24
Takachiho Co.,Ltd. announced that it has received ¥136.6 million in funding from Japan Asia Investment Co., Ltd. On March 24, 2025, Takachiho Co.,Ltd. closed the transaction. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 6.4% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.8%). Announcement • Mar 06
Takachiho Co.,Ltd. announced that it expects to receive ¥136.6 million in funding from Japan Asia Investment Co., Ltd. Takachiho Co.,Ltd. announced a private placement to issue 50,000 common shares at issue price of ¥2,732 per share for gross proceeds of ¥136,600,000 on March 4, 2025. The transaction includes participation from new investor, JAIC Specialty Fund managed by Japan Asia Investment Co., Ltd. The transaction will happen through third party allocation. The issue date will be March 24, 2025. The transaction has been approved at board of director meeting of the company. The company will bear issuance expenses of ¥2,900,000 and will receive net proceeds of ¥133,700,000. The investor acquire 7.23%stake in the company. New Risk • Mar 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 6.7% 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 Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (JP¥2.09b market cap, or US$14.0m). Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥3,240, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 11x in the Retail Distributors industry in Japan. Total returns to shareholders of 150% over the past three years. Announcement • Mar 04
Takachiho Co.,Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Takachiho Co.,Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥123 (vs JP¥132 in 3Q 2024) Third quarter 2025 results: EPS: JP¥123 (down from JP¥132 in 3Q 2024). Revenue: JP¥2.19b (up 6.7% from 3Q 2024). Net income: JP¥80.0m (down 5.9% from 3Q 2024). Profit margin: 3.6% (down from 4.1% 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 64% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Jan 17
Takachiho Co.,Ltd. to Report Q3, 2025 Results on Feb 12, 2025 Takachiho Co.,Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 New Risk • Dec 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.57b (US$9.96m) This is considered a major 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 Risk Market cap is less than US$10m (JP¥1.57b market cap, or US$9.96m). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Sep 27
Takachiho Co.,Ltd. to Report Q2, 2025 Results on Nov 13, 2024 Takachiho Co.,Ltd. announced that they will report Q2, 2025 results on Nov 13, 2024 New Risk • Aug 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.6% 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¥1.52b market cap, or US$10.7m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to JP¥2,370, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 10x in the Retail Distributors industry in Japan. Total returns to shareholders of 80% over the past three years. Buy Or Sell Opportunity • Jul 02
Now 21% undervalued Over the last 90 days, the stock has risen 60% to JP¥3,930. The fair value is estimated to be JP¥4,999, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jun 28
Takachiho Co.,Ltd. to Report Q1, 2025 Results on Aug 13, 2024 Takachiho Co.,Ltd. announced that they will report Q1, 2025 results on Aug 13, 2024 Buy Or Sell Opportunity • Jun 11
Now 22% undervalued Over the last 90 days, the stock has risen 57% to JP¥3,880. The fair value is estimated to be JP¥4,967, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • May 24
Now 21% undervalued Over the last 90 days, the stock has risen 67% to JP¥3,855. The fair value is estimated to be JP¥4,897, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥660 (vs JP¥723 in FY 2023) Full year 2024 results: EPS: JP¥660 (down from JP¥723 in FY 2023). Revenue: JP¥8.02b (up 9.3% from FY 2023). Net income: JP¥423.0m (down 8.0% from FY 2023). Profit margin: 5.3% (down from 6.3% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥3,480, the stock trades at a trailing P/E ratio of 4.4x. Average trailing P/E is 12x in the Retail Distributors industry in Japan. Total returns to shareholders of 172% over the past three years. Announcement • May 15
Takachiho Co.,Ltd., Annual General Meeting, Jun 27, 2024 Takachiho Co.,Ltd., Annual General Meeting, Jun 27, 2024. Announcement • Mar 28
Takachiho Co.,Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Takachiho 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¥132 (vs JP¥101 in 3Q 2023) Third quarter 2024 results: EPS: JP¥132 (up from JP¥101 in 3Q 2023). Revenue: JP¥2.06b (up 3.2% from 3Q 2023). Net income: JP¥85.0m (up 33% from 3Q 2023). Profit margin: 4.1% (up from 3.2% 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 125% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: JP¥273 (vs JP¥162 in 2Q 2023) Second quarter 2024 results: EPS: JP¥273 (up from JP¥162 in 2Q 2023). Revenue: JP¥2.36b (up 21% from 2Q 2023). Net income: JP¥175.0m (up 70% from 2Q 2023). Profit margin: 7.4% (up from 5.3% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. New Risk • Aug 17
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 20% 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 Risks Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Market cap is less than US$10m (JP¥1.27b market cap, or US$8.71m). Reported Earnings • Aug 17
First quarter 2024 earnings released: EPS: JP¥171 (vs JP¥244 in 1Q 2023) First quarter 2024 results: EPS: JP¥171 (down from JP¥244 in 1Q 2023). Revenue: JP¥2.03b (up 6.7% from 1Q 2023). Net income: JP¥109.0m (down 30% from 1Q 2023). Profit margin: 5.4% (down from 8.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥2,026, the stock trades at a trailing P/E ratio of 2.8x. Average trailing P/E is 13x in the Retail Distributors industry in Japan. Total returns to shareholders of 46% over the past three years. Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥723 (vs JP¥242 loss in FY 2022) Full year 2023 results: EPS: JP¥723 (up from JP¥242 loss in FY 2022). Revenue: JP¥7.33b (up 40% from FY 2022). Net income: JP¥460.0m (up JP¥614.0m from FY 2022). Profit margin: 6.3% (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 78% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Takachiho Co.,Ltd., Annual General Meeting, Jun 29, 2023 Takachiho Co.,Ltd., Annual General Meeting, Jun 29, 2023. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥101 (vs JP¥157 in 3Q 2022) Third quarter 2023 results: EPS: JP¥101 (down from JP¥157 in 3Q 2022). Revenue: JP¥1.99b (up 18% from 3Q 2022). Net income: JP¥64.0m (down 36% from 3Q 2022). Profit margin: 3.2% (down from 5.9% 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 38% 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 • Nov 16
Second quarter 2023 earnings released: EPS: JP¥162 (vs JP¥34.59 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥162 (up from JP¥34.59 loss in 2Q 2022). Revenue: JP¥1.95b (up 43% from 2Q 2022). Net income: JP¥103.0m (up JP¥125.0m from 2Q 2022). Profit margin: 5.3% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. 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. 3 experienced directors. 5 highly experienced directors. No independent directors (5 non-independent directors). External Auditor Motohiro Kakusawa was the last director to join the board, commencing their role in 2012. 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¥162 (vs JP¥34.59 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥162 (up from JP¥34.59 loss in 2Q 2022). Revenue: JP¥1.95b (up 43% from 2Q 2022). Net income: JP¥103.0m (up JP¥125.0m from 2Q 2022). Profit margin: 5.3% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,602, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 11x in the Retail Distributors industry in Japan. Total returns to shareholders of 7.2% over the past three years. Reported Earnings • Aug 15
First quarter 2023 earnings released: EPS: JP¥244 (vs JP¥59.75 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥244 (up from JP¥59.75 loss in 1Q 2022). Revenue: JP¥1.91b (up 64% from 1Q 2022). Net income: JP¥155.0m (up JP¥193.0m from 1Q 2022). Profit margin: 8.1% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • May 19
Full year 2022 earnings released: JP¥242 loss per share (vs JP¥1,485 loss in FY 2021) Full year 2022 results: JP¥242 loss per share (up from JP¥1,485 loss in FY 2021). Revenue: JP¥5.25b (up 13% from FY 2021). Net loss: JP¥154.0m (loss narrowed 84% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • May 15
Takachiho Co.,Ltd., Annual General Meeting, Jun 29, 2022 Takachiho 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. 5 highly experienced directors. No independent directors (5 non-independent directors). External Auditor Motohiro Kakusawa was the last director to join the board, commencing their role in 2012. 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
Takachiho Co.,Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Takachiho Co.,Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥157 (up from JP¥110 in 3Q 2021). Revenue: JP¥1.69b (down 5.0% from 3Q 2021). Net income: JP¥100.0m (up 43% from 3Q 2021). Profit margin: 5.9% (up from 3.9% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 16
Second quarter 2022 earnings released: JP¥34.57 loss per share (vs JP¥704 loss in 2Q 2021) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: JP¥1.37b (up 2.6% from 2Q 2021). Net loss: JP¥22.0m (loss narrowed 95% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
First quarter 2022 earnings released: JP¥59.73 loss per share (vs JP¥555 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥1.16b (up 77% from 1Q 2021). Net loss: JP¥38.0m (loss narrowed 89% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
Full year 2021 earnings released: JP¥1,484 loss per share (vs JP¥75.20 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥4.65b (down 49% from FY 2020). Net loss: JP¥940.0m (down JP¥987.0m from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Announcement • Mar 04
Takachiho Co.,Ltd. to Report Fiscal Year 2021 Results on May 13, 2021 Takachiho Co.,Ltd. announced that they will report fiscal year 2021 results on May 13, 2021 Is New 90 Day High Low • Feb 17
New 90-day high: JP¥1,248 The company is up 5.0% from its price of JP¥1,191 on 19 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Retail Distributors industry, which is up 2.0% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥110 (vs JP¥27.20 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥1.77b (down 19% from 3Q 2020). Net income: JP¥70.0m (up 312% from 3Q 2020). Profit margin: 3.9% (up from 0.8% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Dec 23
New 90-day low: JP¥1,165 The company is down 8.0% from its price of JP¥1,260 on 24 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is down 4.0% over the same period. Reported Earnings • Nov 16
Second quarter 2021 earnings released: JP¥703 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥1.33b (down 52% from 2Q 2020). Net loss: JP¥447.0m (down 350% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 87% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Nov 10
New 90-day high: JP¥1,326 The company is up 4.0% from its price of JP¥1,280 on 12 August 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Retail Distributors industry, which is up 3.0% over the same period. 
