Major Estimate Revision • Jun 19
Consensus EPS estimates increase by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2027 has improved. 2027 revenue forecast increased from JP¥784.0b to JP¥795.9b. EPS estimate increased from JP¥134 to JP¥151 per share. Net income forecast to grow 43% next year vs 14% growth forecast for Specialty Retail industry in Japan. Consensus price target up from JP¥1,892 to JP¥1,938. Share price was steady at JP¥2,008 over the past week. Announcement • Jun 03
K's Holdings Corporation to Report Q1, 2027 Results on Aug 06, 2026 K's Holdings Corporation announced that they will report Q1, 2027 results on Aug 06, 2026 Major Estimate Revision • May 15
Consensus EPS estimates increase by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2027 has improved. 2027 revenue forecast increased from JP¥768.3b to JP¥788.0b. EPS estimate increased from JP¥112 to JP¥131 per share. Net income forecast to grow 31% next year vs 12% growth forecast for Specialty Retail industry in Japan. Consensus price target up from JP¥1,780 to JP¥1,892. Share price rose 11% to JP¥2,062 over the past week. Live News • May 10
K’s Holdings Surpasses FY2026 Targets With Higher Dividends and Strong Electronics Sales K's Holdings reported strong FY2026 results, with higher net income and earnings per share supported by increased sales and improved profit margins.
The company raised its annual dividend target to a minimum of 48 yen per share and lifted net sales and operating profit targets under its Medium-Term Management Plan 2027.
Full-year results were ahead of forecasts, helped by solid demand for PCs, mobile phones and air conditioners, even after recording a large impairment loss.
For you as an investor, the key takeaway is that earnings strength is coming from both higher sales and better profitability, not just one side of the income statement. Management’s decision to commit to at least 48 yen per share in annual dividends and to raise medium-term sales and operating profit targets signals a clear focus on shareholder returns and capital efficiency under its “Gambaranai management” approach.
The beat versus forecasts, despite a sizeable impairment loss, highlights that core retail operations in categories such as PCs, smartphones and air conditioners are currently supporting results. That performance has also been helped by product replacement cycles and subsidies or regulatory timing in Japan. If you follow K’s Holdings, it is worth watching how demand in these categories holds up and how the company tracks against its FY2027 revenue, margin and dividend ambitions under the current management plan. Buy Or Sell Opportunity • May 09
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to JP¥1,856. The fair value is estimated to be JP¥1,472, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 11%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are also forecast to grow by 6.4% per annum over the same time period. Announcement • May 09
K's Holdings Corporation to Report Fiscal Year 2026 Results on May 08, 2026 K's Holdings Corporation announced that they will report fiscal year 2026 results on May 08, 2026 Announcement • May 08
K's Holdings Corporation, Annual General Meeting, Jun 26, 2026 K's Holdings Corporation, Annual General Meeting, Jun 26, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%). Buy Or Sell Opportunity • Mar 18
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.3% to JP¥1,659. The fair value is estimated to be JP¥1,372, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Reported Earnings • Feb 07
Third quarter 2026 earnings: EPS misses analyst expectations Third quarter 2026 results: EPS: JP¥20.82 (down from JP¥21.28 in 3Q 2025). Revenue: JP¥187.7b (up 2.4% from 3Q 2025). Net income: JP¥3.23b (down 7.4% from 3Q 2025). Profit margin: 1.7% (down from 1.9% in 3Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Declared Dividend • Dec 06
First half dividend of JP¥24.00 announced Shareholders will receive a dividend of JP¥24.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 9.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 29
K's Holdings Corporation to Report Q3, 2026 Results on Feb 06, 2026 K's Holdings Corporation announced that they will report Q3, 2026 results on Feb 06, 2026 Reported Earnings • Nov 08
Second quarter 2026 earnings: EPS misses analyst expectations Second quarter 2026 results: EPS: JP¥37.75. Revenue: JP¥198.9b (flat on 2Q 2025). Net income: JP¥5.94b (down 1.4% from 2Q 2025). Profit margin: 3.0% (in line with 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.6%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Buy Or Sell Opportunity • Nov 07
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 2.7% to JP¥1,520. The fair value is estimated to be JP¥1,250, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 36%. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • Sep 27
K's Holdings Corporation to Report Q2, 2026 Results on Nov 06, 2025 K's Holdings Corporation announced that they will report Q2, 2026 results on Nov 06, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Aug 08
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: JP¥28.48 (up from JP¥16.49 in 1Q 2025). Revenue: JP¥177.8b (up 2.7% from 1Q 2025). Net income: JP¥4.57b (up 60% from 1Q 2025). Profit margin: 2.6% (up from 1.7% in 1Q 2025). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Aug 04
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to JP¥1,549. The fair value is estimated to be JP¥1,290, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 41%. For the next 3 years, revenue is forecast to grow by 1.7% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Declared Dividend • Jul 09
Final dividend of JP¥22.00 announced Dividend of JP¥22.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 2.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is well covered by cash flows (28% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share is expected to grow by 55% over the next 3 years, which should maintain adequate earnings cover for the dividend. Announcement • May 31
K's Holdings Corporation to Report Q1, 2026 Results on Aug 07, 2025 K's Holdings Corporation announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 09
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥57.08 (up from JP¥41.64 in FY 2024). Revenue: JP¥738.0b (up 2.7% from FY 2024). Net income: JP¥9.53b (up 29% from FY 2024). Profit margin: 1.3% (up from 1.0% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Mar 27
K's Holdings Corporation to Report Fiscal Year 2025 Results on May 08, 2025 K's Holdings Corporation announced that they will report fiscal year 2025 results on May 08, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Reported Earnings • Feb 08
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: JP¥21.28 (up from JP¥16.14 in 3Q 2024). Revenue: JP¥183.3b (up 1.8% from 3Q 2024). Net income: JP¥3.48b (up 23% from 3Q 2024). Profit margin: 1.9% (up from 1.6% in 3Q 2024). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 15%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Declared Dividend • Dec 06
First half dividend of JP¥22.00 announced Dividend of JP¥22.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 3.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 75% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: JP¥35.64. Revenue: JP¥198.3b (up 1.0% from 2Q 2024). Net income: JP¥6.02b (down 1.2% from 2Q 2024). Profit margin: 3.0% (down from 3.1% in 2Q 2024). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 16%. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Announcement • Aug 27
K's Holdings Corporation to Report Q2, 2025 Results on Nov 06, 2024 K's Holdings Corporation announced that they will report Q2, 2025 results on Nov 06, 2024 Declared Dividend • Aug 13
Dividend of JP¥22.00 announced Dividend of JP¥22.00 is the same as last year. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 2.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (100% earnings payout ratio). However, it is well covered by cash flows (24% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. EPS is expected to grow by 75% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Aug 12
First quarter 2025 earnings: EPS misses analyst expectations First quarter 2025 results: EPS: JP¥16.49 (up from JP¥14.13 in 1Q 2024). Revenue: JP¥173.1b (up 4.1% from 1Q 2024). Net income: JP¥2.86b (up 12% from 1Q 2024). Profit margin: 1.7% (up from 1.5% in 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. 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 11% per year, which means it is well ahead of earnings. New Risk • Jul 24
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 106% Dividend yield: 2.7% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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 Dividend is not well covered by earnings (106% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Announcement • Jun 29
K's Holdings Corporation to Report Q1, 2025 Results on Aug 07, 2024 K's Holdings Corporation announced that they will report Q1, 2025 results on Aug 07, 2024 Major Estimate Revision • May 16
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥102 to JP¥91.23 per share. Revenue forecast steady at JP¥741.0b. Net income forecast to grow 111% next year vs 12% growth forecast for Specialty Retail industry in Japan. Consensus price target up from JP¥1,360 to JP¥1,432. Share price was steady at JP¥1,465 over the past week. Reported Earnings • May 11
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥41.64 (down from JP¥110 in FY 2023). Revenue: JP¥718.4b (down 2.6% from FY 2023). Net income: JP¥7.38b (down 65% from FY 2023). Profit margin: 1.0% (down from 2.9% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 52%. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • May 11
K's Holdings Corporation, Annual General Meeting, Jun 27, 2024 K's Holdings Corporation, Annual General Meeting, Jun 27, 2024. Announcement • May 10
K's Holdings Corporation (TSE:8282) announces an Equity Buyback for 18,000,000 shares, representing 10.28% for ¥20,000 million. K's Holdings Corporation (TSE:8282) announces a share repurchase program. Under the program, the company will repurchase up to 18,000,000 shares, representing 10.28% of its total shares outstanding (excluding treasury shares), for a total of ¥20,000 million. The purpose of repurchase program is to implement flexible capital policies that increase shareholder value, improve capital efficiency, and respond to changes in the business environment. The repurchase program is valid till January 31, 2025. As of March 31, 2024, the company had 175,118,865 shares outstanding (excluding treasury shares) and had 14,881,135 shares in treasury. New Risk • Mar 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (2.1% net profit margin). Shareholders have been diluted in the past year (8.1% increase in shares outstanding). Upcoming Dividend • Mar 21
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%). Announcement • Mar 02
K's Holdings Corporation to Report Fiscal Year 2024 Results on May 09, 2024 K's Holdings Corporation announced that they will report fiscal year 2024 results on May 09, 2024 Reported Earnings • Feb 08
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: JP¥16.14 (down from JP¥26.93 in 3Q 2023). Revenue: JP¥180.0b (down 3.7% from 3Q 2023). Net income: JP¥2.83b (down 45% from 3Q 2023). Profit margin: 1.6% (down from 2.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 3.5%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 24% 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. Announcement • Nov 27
K's Holdings Corporation to Report Q3, 2024 Results on Feb 06, 2024 K's Holdings Corporation announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: JP¥34.34 (down from JP¥37.02 in 2Q 2023). Revenue: JP¥196.4b (up 2.1% from 2Q 2023). Net income: JP¥6.09b (down 14% from 2Q 2023). Profit margin: 3.1% (down from 3.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 8.5%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Sep 29
K's Holdings Corporation to Report Q2, 2024 Results on Nov 07, 2023 K's Holdings Corporation announced that they will report Q2, 2024 results on Nov 07, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥22.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). Major Estimate Revision • Aug 17
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥750.4b to JP¥742.1b. EPS estimate also fell from JP¥122 per share to JP¥107 per share. Net income forecast to grow 9.5% next year vs 11% growth forecast for Specialty Retail industry in Japan. Consensus price target broadly unchanged at JP¥1,314. Share price was steady at JP¥1,296 over the past week. Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥14.13 (vs JP¥28.89 in 1Q 2023) First quarter 2024 results: EPS: JP¥14.13 (down from JP¥28.89 in 1Q 2023). Revenue: JP¥166.3b (down 6.1% from 1Q 2023). Net income: JP¥2.56b (down 53% from 1Q 2023). Profit margin: 1.5% (down from 3.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • May 13
K's Holdings Corporation, Annual General Meeting, Jun 29, 2023 K's Holdings Corporation, Annual General Meeting, Jun 29, 2023. Reported Earnings • May 12
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥110 (down from JP¥142 in FY 2022). Revenue: JP¥737.3b (down 1.3% from FY 2022). Net income: JP¥21.1b (down 26% from FY 2022). Profit margin: 2.9% (down from 3.8% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.1%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 1% per year. Announcement • May 11
K's Holdings Corporation (TSE:8282) announces an Equity Buyback for 10,000,000 shares, representing 5.46% for ¥10,000 million. K's Holdings Corporation (TSE:8282) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 5.46% of its total shares outstanding (excluding treasury shares), for a total of ¥10,000 million. The purpose of repurchase program is to increase shareholder value, improve capital efficiency, and implement a flexible capital policy that responds to changes in the business environment. The repurchase program is valid till October 31, 2023. As of March 31, 2023, the company had 183,077,311 shares outstanding (excluding treasury shares) and had 16,922,689 shares in treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Announcement • Feb 02
K's Holdings Corporation (TSE:8282) announces an Equity Buyback for 10,000,000 shares, representing 5.24% for ¥10,000 million. K's Holdings Corporation (TSE:8282) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 5.24% of its issued share capital (excluding treasury stock), for a total purchase price of ¥10,000 million. The purpose of the program is to increase shareholder value, improve capital efficiency, and implement agile capital policies in response to changes in the business environment. The program will continue through April 30, 2023. As of December 31, 2022, the company had 190,909,523 issued shares (excluding treasury stock) and 34,090,477 treasury shares. Reported Earnings • Feb 02
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: JP¥26.93 (down from JP¥36.32 in 3Q 2022). Revenue: JP¥186.9b (flat on 3Q 2022). Net income: JP¥5.14b (down 29% from 3Q 2022). Profit margin: 2.7% (down from 3.9% in 3Q 2022). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Nov 27
K's Holdings Corporation to Report Q3, 2023 Results on Feb 01, 2023 K's Holdings Corporation announced that they will report Q3, 2023 results on Feb 01, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Wakako Tokuda was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 06
Second quarter 2023 earnings: Revenues and EPS in line with analyst expectations Second quarter 2023 results: EPS: JP¥37.02 (down from JP¥39.59 in 2Q 2022). Revenue: JP¥192.4b (down 1.0% from 2Q 2022). Net income: JP¥7.06b (down 13% from 2Q 2022). Profit margin: 3.7% (down from 4.2% in 2Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Reported Earnings • Aug 03
First quarter 2023 earnings: Revenues and EPS in line with analyst expectations First quarter 2023 results: EPS: JP¥28.89 (down from JP¥41.18 in 1Q 2022). Revenue: JP¥177.1b (down 2.0% from 1Q 2022). Net income: JP¥5.51b (down 35% from 1Q 2022). Profit margin: 3.1% (down from 4.7% in 1Q 2022). 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 4.0%, compared to a 7.9% growth forecast for the 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 7% per year. Reported Earnings • May 11
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥142 (down from JP¥183 in FY 2021). Revenue: JP¥747.2b (down 5.7% from FY 2021). Net income: JP¥28.5b (down 26% from FY 2021). Profit margin: 3.8% (down from 4.9% in FY 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%. Over the next year, revenue is forecast to grow 1.8%, compared to a 7.4% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Outside Director Wakako Tokuda was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: JP¥36.32 (down from JP¥48.55 in 3Q 2021). Revenue: JP¥186.4b (down 7.4% from 3Q 2021). Net income: JP¥7.24b (down 29% from 3Q 2021). Profit margin: 3.9% (down from 5.1% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 9.1%. Over the next year, revenue is forecast to stay flat compared to a 7.1% growth forecast for the 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 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 05
Second quarter 2022 earnings released: EPS JP¥39.59 (vs JP¥54.49 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥194.4b (down 11% from 2Q 2021). Net income: JP¥8.14b (down 30% from 2Q 2021). Profit margin: 4.2% (down from 5.4% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 03 December 2021. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.3%). Reported Earnings • Aug 04
First quarter 2022 earnings released: EPS JP¥41.18 (vs JP¥54.42 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥180.8b (down 3.9% from 1Q 2021). Net income: JP¥8.50b (down 26% from 1Q 2021). Profit margin: 4.7% (down from 6.1% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.