Valuation Update With 7 Day Price Move • 18h
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥2,376, the stock trades at a trailing P/E ratio of 51.8x. Average trailing P/E is 15x in the Multiline Retail industry in Japan. Total returns to shareholders of 119% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,123, the stock trades at a trailing P/E ratio of 46.3x. Average trailing P/E is 15x in the Multiline Retail industry in Japan. Total returns to shareholders of 96% over the past three years. Reported Earnings • Jul 17
First quarter 2027 earnings released: EPS: JP¥7.39 (vs JP¥4.52 in 1Q 2026) First quarter 2027 results: EPS: JP¥7.39 (up from JP¥4.52 in 1Q 2026). Revenue: JP¥12.1b (up 5.9% from 1Q 2026). Net income: JP¥375.0m (up 56% from 1Q 2026). Profit margin: 3.1% (up from 2.1% in 1Q 2026). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Jul 15
Matsuya Co., Ltd. to Report Q2, 2027 Results on Oct 14, 2026 Matsuya Co., Ltd. announced that they will report Q2, 2027 results on Oct 14, 2026 Declared Dividend • Jun 12
Final dividend of JP¥6.00 announced Shareholders will receive a dividend of JP¥6.00. Ex-date: 28th August 2026 Payment date: 17th November 2026 Dividend yield will be 0.8%, which is lower than the industry average of 1.2%. Payout Ratios Payout ratio: 87%. Cash payout ratio: 19%. New Risk • Jun 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 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 Risks High level of debt (65% net debt to equity). Large one-off items impacting financial results. Reported Earnings • Jun 02
Full year 2026 earnings released: EPS: JP¥41.93 (vs JP¥44.92 in FY 2025) Full year 2026 results: EPS: JP¥41.93 (down from JP¥44.92 in FY 2025). Revenue: JP¥45.7b (down 5.0% from FY 2025). Net income: JP¥2.19b (down 8.0% from FY 2025). Profit margin: 4.8% (down from 5.0% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,851, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 18x in the Multiline Retail industry in Japan. Total returns to shareholders of 59% over the past three years. Reported Earnings • Apr 15
Full year 2026 earnings released: EPS: JP¥41.93 (vs JP¥44.92 in FY 2025) Full year 2026 results: EPS: JP¥41.93 (down from JP¥44.92 in FY 2025). Revenue: JP¥45.7b (down 5.0% from FY 2025). Net income: JP¥2.19b (down 8.0% from FY 2025). Profit margin: 4.8% (down from 5.0% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Announcement • Apr 14
Matsuya Co., Ltd., Annual General Meeting, May 28, 2026 Matsuya Co., Ltd., Annual General Meeting, May 28, 2026. Announcement • Apr 07
Matsuya Co., Ltd. to Report Fiscal Year 2026 Results on Apr 14, 2026 Matsuya Co., Ltd. announced that they will report fiscal year 2026 results on Apr 14, 2026 New Risk • Feb 26
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 5.7% 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: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin). Upcoming Dividend • Feb 19
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 14 May 2026. Payout ratio is on the higher end at 87% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.3%). Reported Earnings • Jan 09
Third quarter 2026 earnings released: EPS: JP¥15.41 (vs JP¥5.73 in 3Q 2025) Third quarter 2026 results: EPS: JP¥15.41 (up from JP¥5.73 in 3Q 2025). Revenue: JP¥11.3b (down 5.2% from 3Q 2025). Net income: JP¥805.0m (up 165% from 3Q 2025). Profit margin: 7.1% (up from 2.5% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Declared Dividend • Nov 18
First half dividend of JP¥6.00 announced Shareholders will receive a dividend of JP¥6.00. Ex-date: 26th February 2026 Payment date: 14th May 2026 Dividend yield will be 0.7%, which is lower than the industry average of 1.2%. New Risk • Nov 17
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 5.4% 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: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Announcement • Oct 20
Matsuya Co., Ltd. to Report Q3, 2026 Results on Jan 08, 2026 Matsuya Co., Ltd. announced that they will report Q3, 2026 results on Jan 08, 2026 Reported Earnings • Oct 10
Second quarter 2026 earnings released: JP¥8.46 loss per share (vs JP¥19.68 profit in 2Q 2025) Second quarter 2026 results: JP¥8.46 loss per share (down from JP¥19.68 profit in 2Q 2025). Revenue: JP¥11.1b (down 11% from 2Q 2025). Net loss: JP¥449.0m (down 143% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Oct 09
Matsuya Co., Ltd. (TSE:8237) announces an Equity Buyback for 2,400,000 shares, representing 4.52% for ¥4,000 million. Matsuya Co., Ltd. (TSE:8237) announces a share repurchase program. Under the program, the company will repurchase up to 2,400,000 shares, representing 4.52% of its issued share capital (excluding treasury stock), for ¥4,000 million. The purpose of the program is improving capital efficiency and implementing flexible shareholder returns. The program will run until April 30, 2026. As of September 30, 2025, the company had 53,126,505 shares in issue (excluding treasury stock) and 163,135 shares in treasury. Upcoming Dividend • Aug 21
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 18 November 2025. Payout ratio is a comfortable 34% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.2%). Announcement • Jul 18
Matsuya Co., Ltd. to Report Q2, 2026 Results on Oct 09, 2025 Matsuya Co., Ltd. announced that they will report Q2, 2026 results on Oct 09, 2025 Reported Earnings • Jul 12
First quarter 2026 earnings released: EPS: JP¥4.52 (vs JP¥13.65 in 1Q 2025) First quarter 2026 results: EPS: JP¥4.52 (down from JP¥13.65 in 1Q 2025). Revenue: JP¥11.4b (down 2.7% from 1Q 2025). Net income: JP¥240.0m (down 67% from 1Q 2025). Profit margin: 2.1% (down from 6.2% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Declared Dividend • Jun 18
Final dividend of JP¥6.00 announced Shareholders will receive a dividend of JP¥6.00. Ex-date: 28th August 2025 Payment date: 18th November 2025 Dividend yield will be 1.5%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 2 years, which should provide support to the dividend and adequate earnings cover. New Risk • Jun 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 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Reported Earnings • Jun 04
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥44.92 (down from JP¥49.59 in FY 2024). Revenue: JP¥48.1b (up 17% from FY 2024). Net income: JP¥2.38b (down 9.4% from FY 2024). Profit margin: 5.0% (down from 6.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,108, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Multiline Retail industry in Japan. Total returns to shareholders of 46% over the past three years. Announcement • Apr 23
Matsuya Co., Ltd. to Report Q1, 2026 Results on Jul 10, 2025 Matsuya Co., Ltd. announced that they will report Q1, 2026 results on Jul 10, 2025 Announcement • Apr 16
Matsuya Co., Ltd. Announces Dividend for the Full Fiscal Year Ended February 28, 2025, Payable on May 14, 2025; Provides Dividend Guidance for Second Quarter-End Ending February 28, 2026 Matsuya Co., Ltd. announced dividend for the full fiscal year ended February 28, 2025, Payable on May 14, 2025. For the fiscal year end, the company reported dividend of JPY 9.00 per share against JPY 7.50 per share from a year ago.
The company provided dividend guidance for second quarter end ending February 28, 2026. For the second quarter ending February 28, 2026, the company expected dividend guidance of JPY 6.00 per share against JPY 3.00 per share from a year ago. New Risk • Apr 16
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 15
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥44.92 (down from JP¥49.59 in FY 2024). Revenue: JP¥48.1b (up 17% from FY 2024). Net income: JP¥2.38b (down 9.4% from FY 2024). Profit margin: 5.0% (down from 6.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Apr 14
Matsuya Co., Ltd., Annual General Meeting, May 29, 2025 Matsuya Co., Ltd., Annual General Meeting, May 29, 2025. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 08 May 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.4%). Announcement • Jan 29
Matsuya Co., Ltd. to Report Fiscal Year 2025 Results on Apr 14, 2025 Matsuya Co., Ltd. announced that they will report fiscal year 2025 results on Apr 14, 2025 Buy Or Sell Opportunity • Jan 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to JP¥1,020. The fair value is estimated to be JP¥841, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 3.3% in a year. Earnings are forecast to grow by 22% in the next year. Reported Earnings • Jan 15
Third quarter 2025 earnings released: EPS: JP¥5.73 (vs JP¥17.87 in 3Q 2024) Third quarter 2025 results: EPS: JP¥5.73 (down from JP¥17.87 in 3Q 2024). Revenue: JP¥12.0b (up 13% from 3Q 2024). Net income: JP¥304.0m (down 68% from 3Q 2024). Profit margin: 2.5% (down from 8.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year. Announcement • Oct 21
Matsuya Co., Ltd. to Report Q3, 2025 Results on Jan 10, 2025 Matsuya Co., Ltd. announced that they will report Q3, 2025 results on Jan 10, 2025 Upcoming Dividend • Aug 22
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 18 November 2024. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.6%). New Risk • Aug 02
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 5.5% 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: Major Risk Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (7.0% net profit margin). Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥922, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 17x in the Multiline Retail industry in Japan. Total returns to shareholders of 8.0% over the past three years. Announcement • Jul 16
Matsuya Co., Ltd. to Report Q2, 2025 Results on Oct 10, 2024 Matsuya Co., Ltd. announced that they will report Q2, 2025 results on Oct 10, 2024 Reported Earnings • Jul 16
First quarter 2025 earnings released: EPS: JP¥13.65 (vs JP¥5.94 in 1Q 2024) First quarter 2025 results: EPS: JP¥13.65 (up from JP¥5.94 in 1Q 2024). Revenue: JP¥11.7b (up 24% from 1Q 2024). Net income: JP¥724.0m (up 130% from 1Q 2024). Profit margin: 6.2% (up from 3.3% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Apr 27
Matsuya Co., Ltd. to Report Q1, 2025 Results on Jul 12, 2024 Matsuya Co., Ltd. announced that they will report Q1, 2025 results on Jul 12, 2024 Announcement • Apr 13
Matsuya Co., Ltd., Annual General Meeting, May 23, 2024 Matsuya Co., Ltd., Annual General Meeting, May 23, 2024. Reported Earnings • Apr 12
Full year 2024 earnings released: EPS: JP¥49.59 (vs JP¥82.61 in FY 2023) Full year 2024 results: EPS: JP¥49.59 (down from JP¥82.61 in FY 2023). Revenue: JP¥41.3b (up 20% from FY 2023). Net income: JP¥2.63b (down 40% from FY 2023). Profit margin: 6.4% (down from 13% 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 76% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 21
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 10 May 2024. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.2%). Announcement • Jan 31
Matsuya Co., Ltd. to Report Fiscal Year 2024 Results on Apr 11, 2024 Matsuya Co., Ltd. announced that they will report fiscal year 2024 results on Apr 11, 2024 New Risk • Jan 15
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 6.0% 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: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Earnings are forecast to decline by an average of 2.9% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (5.6% net profit margin). Reported Earnings • Jan 14
Third quarter 2024 earnings released: EPS: JP¥17.87 (vs JP¥6.47 in 3Q 2023) Third quarter 2024 results: EPS: JP¥17.87 (up from JP¥6.47 in 3Q 2023). Revenue: JP¥10.6b (up 15% from 3Q 2023). Net income: JP¥948.0m (up 176% from 3Q 2023). Profit margin: 8.9% (up from 3.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Multiline Retail industry in Japan. 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 6% per year, which means it is significantly lagging earnings growth. Announcement • Oct 25
Matsuya Co., Ltd. to Report Q3, 2024 Results on Jan 12, 2024 Matsuya Co., Ltd. announced that they will report Q3, 2024 results on Jan 12, 2024 Reported Earnings • Oct 13
Second quarter 2024 earnings released: EPS: JP¥14.46 (vs JP¥78.97 in 2Q 2023) Second quarter 2024 results: EPS: JP¥14.46 (down from JP¥78.97 in 2Q 2023). Revenue: JP¥10.0b (up 32% from 2Q 2023). Net income: JP¥767.0m (down 82% from 2Q 2023). Profit margin: 7.6% (down from 55% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jul 26
Matsuya Co., Ltd. to Report Q2, 2024 Results on Oct 12, 2023 Matsuya Co., Ltd. announced that they will report Q2, 2024 results on Oct 12, 2023 New Risk • Jul 15
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 5.8% 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: Major Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Earnings are forecast to decline by an average of 40% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. New Risk • Jun 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 34% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Earnings are forecast to decline by an average of 34% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • May 30
Full year 2023 earnings released: EPS: JP¥82.61 (vs JP¥18.85 in FY 2022) Full year 2023 results: EPS: JP¥82.61 (up from JP¥18.85 in FY 2022). Revenue: JP¥34.4b (down 47% from FY 2022). Net income: JP¥4.38b (up 338% from FY 2022). Profit margin: 13% (up from 1.5% in FY 2022). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 15
Full year 2023 earnings released: EPS: JP¥82.61 (vs JP¥18.85 in FY 2022) Full year 2023 results: EPS: JP¥82.61 (up from JP¥18.85 in FY 2022). Revenue: JP¥34.4b (down 47% from FY 2022). Net income: JP¥4.38b (up 338% from FY 2022). Profit margin: 13% (up from 1.5% in FY 2022). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Jan 31
Matsuya Co., Ltd. to Report Fiscal Year 2023 Results on Apr 13, 2023 Matsuya Co., Ltd. announced that they will report fiscal year 2023 results on Apr 13, 2023 Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,162, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 13x in the Multiline Retail industry in Japan. Total returns to shareholders of 61% over the past three years. Reported Earnings • Jan 13
Third quarter 2023 earnings released: EPS: JP¥6.47 (vs JP¥7.07 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥6.47 (up from JP¥7.07 loss in 3Q 2022). Revenue: JP¥9.22b (down 46% from 3Q 2022). Net income: JP¥343.0m (up JP¥718.0m from 3Q 2022). Profit margin: 3.7% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Katsumasa Furuya was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 29
Matsuya Co., Ltd. to Report Q3, 2023 Results on Jan 12, 2023 Matsuya Co., Ltd. announced that they will report Q3, 2023 results on Jan 12, 2023 Reported Earnings • Oct 15
Second quarter 2023 earnings released: EPS: JP¥78.97 (vs JP¥18.39 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥78.97 (up from JP¥18.39 loss in 2Q 2022). Revenue: JP¥7.62b (down 47% from 2Q 2022). Net income: JP¥4.19b (up JP¥5.17b from 2Q 2022). Profit margin: 55% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,036, the stock trades at a trailing P/E ratio of 45.8x. Average trailing P/E is 16x in the Multiline Retail industry in Japan. Total returns to shareholders of 24% over the past three years. Announcement • Jul 31
Matsuya Co., Ltd. to Report Q2, 2023 Results on Oct 13, 2022 Matsuya Co., Ltd. announced that they will report Q2, 2023 results on Oct 13, 2022 Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥926, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 14x in the Multiline Retail industry in Japan. Total returns to shareholders of 17% over the past three years. Announcement • Jul 15
Matsuya Co., Ltd. (TSE:8237) acquired Daishodo Co., Ltd. Matsuya Co., Ltd. (TSE:8237) acquired Daishodo Co., Ltd. on July 15, 2022.
Matsuya Co., Ltd. (TSE:8237) completed the acquisition of Daishodo Co., Ltd. on July 15, 2022. Reported Earnings • Jul 15
First quarter 2023 earnings released: JP¥6.73 loss per share (vs JP¥10.50 loss in 1Q 2022) First quarter 2023 results: JP¥6.73 loss per share (up from JP¥10.50 loss in 1Q 2022). Revenue: JP¥7.88b (down 46% from 1Q 2022). Net loss: JP¥357.0m (loss narrowed 36% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 18% 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. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥981, the stock trades at a trailing P/E ratio of 52.1x. Average trailing P/E is 13x in the Multiline Retail industry in Japan. Total returns to shareholders of 12% over the past three years. Reported Earnings • Jun 02
Full year 2022 earnings released: EPS: JP¥18.85 (vs JP¥83.21 loss in FY 2021) Full year 2022 results: EPS: JP¥18.85 (up from JP¥83.21 loss in FY 2021). Revenue: JP¥65.0b (up 23% from FY 2021). Net income: JP¥1.00b (up JP¥5.42b from FY 2021). Profit margin: 1.5% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has remained flat, which means it is well ahead of earnings. 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. 8 experienced directors. 4 highly experienced directors. No independent directors (9 non-independent directors). External Auditor Takashi Ito was the last director to join the board, commencing their role in 2015. 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 16
Matsuya Co., Ltd., Annual General Meeting, May 26, 2022 Matsuya Co., Ltd., Annual General Meeting, May 26, 2022. Reported Earnings • Apr 15
Full year 2022 earnings released: EPS: JP¥18.85 (vs JP¥83.21 loss in FY 2021) Full year 2022 results: EPS: JP¥18.85 (up from JP¥83.21 loss in FY 2021). Revenue: JP¥65.0b (up 23% from FY 2021). Net income: JP¥1.00b (up JP¥5.42b from FY 2021). Profit margin: 1.5% (up from net loss in FY 2021). 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 7% per year, which means it has not declined as severely as earnings. Announcement • Jan 30
Matsuya Co., Ltd. to Report Fiscal Year 2022 Results on Apr 14, 2022 Matsuya Co., Ltd. announced that they will report fiscal year 2022 results on Apr 14, 2022 Reported Earnings • Jan 14
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: JP¥7.07 loss per share (up from JP¥17.91 loss in 3Q 2021). Revenue: JP¥17.2b (up 7.5% from 3Q 2021). Net loss: JP¥375.0m (loss narrowed 61% from 3Q 2021). Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) missed analyst estimates by 26%. Earnings per share (EPS) missed analyst estimates by 26%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 15
Second quarter 2022 earnings released: JP¥18.39 loss per share (vs JP¥33.17 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¥14.3b (up 5.2% from 2Q 2021). Net loss: JP¥976.0m (loss narrowed 45% from 2Q 2021). 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. Reported Earnings • Jul 15
First quarter 2022 earnings released: JP¥10.50 loss per share (vs JP¥51.21 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¥14.5b (up 108% from 1Q 2021). Net loss: JP¥557.0m (loss narrowed 80% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 02
Full year 2021 earnings released The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥52.7b (down 41% from FY 2020). Net loss: JP¥4.42b (down JP¥5.27b 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 94 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 16
Full year 2021 earnings released: JP¥83.21 loss per share (vs JP¥16.16 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¥52.7b (down 41% from FY 2020). Net loss: JP¥4.42b (down JP¥5.27b 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 93 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 17
New 90-day high: JP¥976 The company is up 34% from its price of JP¥730 on 19 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Multiline Retail industry, which is up 10.0% over the same period. Announcement • Jan 31
Matsuya Co., Ltd. to Report Fiscal Year 2021 Results on Apr 14, 2021 Matsuya Co., Ltd. announced that they will report fiscal year 2021 results on Apr 14, 2021 Is New 90 Day High Low • Jan 25
New 90-day high: JP¥828 The company is up 19% from its price of JP¥696 on 27 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Multiline Retail industry, which is flat over the same period. Analyst Estimate Surprise Post Earnings • Jan 19
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Over the next year, revenue is forecast to grow 3.6%, compared to a 6.6% growth forecast for the Multiline Retail industry in Japan. Analyst Estimate Surprise Post Earnings • Jan 16
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Over the next year, revenue is forecast to grow 3.6%, compared to a 6.6% growth forecast for the Multiline Retail industry in Japan. Reported Earnings • Jan 15
Third quarter 2021 earnings released: JP¥17.91 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2021 results: Revenue: JP¥16.0b (down 28% from 3Q 2020). Net loss: JP¥951.0m (down JP¥1.07b from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 97% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Aug 09
Matsuya Co., Ltd. to Report Q2, 2021 Results on Oct 15, 2020 Matsuya Co., Ltd. announced that they will report Q2, 2021 results on Oct 15, 2020