New Risk • May 31
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 183% Dividend yield: 2.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 cash flows (183% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). New Risk • May 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.5% net profit margin). Reported Earnings • May 17
Full year 2026 earnings released: EPS: JP¥33.10 (vs JP¥200 in FY 2025) Full year 2026 results: EPS: JP¥33.10 (down from JP¥200 in FY 2025). Revenue: JP¥33.6b (up 5.9% from FY 2025). Net income: JP¥833.0m (down 83% from FY 2025). Profit margin: 2.5% (down from 16% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • May 13
Inui Global Logistics Co., Ltd., Annual General Meeting, Jun 19, 2026 Inui Global Logistics Co., Ltd., Annual General Meeting, Jun 19, 2026. Announcement • May 10
Inui Global Logistics Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Inui Global Logistics Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥7.13 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.3%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥24.62 (vs JP¥42.30 in 3Q 2025) Third quarter 2026 results: EPS: JP¥24.62 (down from JP¥42.30 in 3Q 2025). Revenue: JP¥9.01b (up 16% from 3Q 2025). Net income: JP¥620.0m (down 42% from 3Q 2025). Profit margin: 6.9% (down from 14% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,509, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 10x in the Shipping industry in Japan. Total loss to shareholders of 13% over the past three years. Announcement • Dec 05
Inui Global Logistics Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 Inui Global Logistics Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 13
Second quarter 2026 earnings released: JP¥11.05 loss per share (vs JP¥94.69 profit in 2Q 2025) Second quarter 2026 results: JP¥11.05 loss per share (down from JP¥94.69 profit in 2Q 2025). Revenue: JP¥8.34b (flat on 2Q 2025). Net loss: JP¥278.0m (down 112% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 56% 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 • Sep 23
Inui Global Logistics Co., Ltd. to Report Q2, 2026 Results on Nov 11, 2025 Inui Global Logistics Co., Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 09 December 2025. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,548, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total loss to shareholders of 14% over the past three years. New Risk • Aug 13
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 17% 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 Risk Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥10.70 (vs JP¥35.14 in 1Q 2025) First quarter 2026 results: EPS: JP¥10.70 (down from JP¥35.14 in 1Q 2025). Revenue: JP¥7.36b (down 13% from 1Q 2025). Net income: JP¥269.0m (down 70% from 1Q 2025). Profit margin: 3.7% (down from 11% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. Independent Outside Director Kenichi Iwata was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Jun 24
Full year 2025 earnings released: EPS: JP¥200 (vs JP¥47.60 in FY 2024) Full year 2025 results: EPS: JP¥200 (up from JP¥47.60 in FY 2024). Revenue: JP¥31.8b (up 7.7% from FY 2024). Net income: JP¥5.02b (up 321% from FY 2024). Profit margin: 16% (up from 4.0% in FY 2024). 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 13% per year, which means it has not declined as severely as earnings. Announcement • Jun 21
Inui Global Logistics Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Inui Global Logistics Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 15
Full year 2025 earnings released: EPS: JP¥200 (vs JP¥47.60 in FY 2024) Full year 2025 results: EPS: JP¥200 (up from JP¥47.60 in FY 2024). Revenue: JP¥31.8b (up 7.7% from FY 2024). Net income: JP¥5.02b (up 321% from FY 2024). Profit margin: 16% (up from 4.0% in FY 2024). 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 13% per year, which means it has not declined as severely as earnings. Announcement • May 13
Inui Global Logistics Co., Ltd., Annual General Meeting, Jun 20, 2025 Inui Global Logistics Co., Ltd., Annual General Meeting, Jun 20, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥69.76 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 9.1% and this is well supported by cash flows. Trailing yield: 5.3%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%). Announcement • Mar 12
Inui Global Logistics Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Inui Global Logistics Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥42.30 (vs JP¥18.57 in 3Q 2024) Third quarter 2025 results: EPS: JP¥42.30 (up from JP¥18.57 in 3Q 2024). Revenue: JP¥7.74b (up 8.5% from 3Q 2024). Net income: JP¥1.06b (up 128% from 3Q 2024). Profit margin: 14% (up from 6.5% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 56% 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. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,410, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total loss to shareholders of 37% over the past three years. Announcement • Dec 03
Inui Global Logistics Co., Ltd. to Report Q3, 2025 Results on Feb 13, 2025 Inui Global Logistics Co., Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,508, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total loss to shareholders of 7.0% over the past three years. New Risk • Nov 11
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: Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results. Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥94.69 (vs JP¥3.11 in 2Q 2024) Second quarter 2025 results: EPS: JP¥94.69 (up from JP¥3.11 in 2Q 2024). Revenue: JP¥8.28b (up 18% from 2Q 2024). Net income: JP¥2.38b (up JP¥2.30b from 2Q 2024). Profit margin: 29% (up from 1.1% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. New Risk • Sep 29
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Dividend per share is over 12x cash flows per share. Dividend yield: 2.1% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 12x cash flows per share). Profit margins are more than 30% lower than last year (6.2% net profit margin). Announcement • Sep 25
Inui Global Logistics Co., Ltd. to Report Q2, 2025 Results on Nov 08, 2024 Inui Global Logistics Co., Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 December 2024. Payout ratio is a comfortable 19% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥922, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total loss to shareholders of 30% over the past three years. Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: JP¥47.60 (vs JP¥394 in FY 2023) Full year 2024 results: EPS: JP¥47.60 (down from JP¥394 in FY 2023). Revenue: JP¥29.5b (down 33% from FY 2023). Net income: JP¥1.19b (down 88% from FY 2023). Profit margin: 4.0% (down from 22% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year. Announcement • Jun 08
Inui Global Logistics Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 Inui Global Logistics Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥47.60 (vs JP¥394 in FY 2023) Full year 2024 results: EPS: JP¥47.60 (down from JP¥394 in FY 2023). Revenue: JP¥29.5b (down 33% from FY 2023). Net income: JP¥1.19b (down 88% from FY 2023). Profit margin: 4.0% (down from 22% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year. Announcement • May 15
Inui Global Logistics Co., Ltd., Annual General Meeting, Jun 21, 2024 Inui Global Logistics Co., Ltd., Annual General Meeting, Jun 21, 2024. Announcement • Mar 21
Inui Global Logistics Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Inui Global Logistics Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥14.91 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.8%). Board Change • Feb 26
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. 2 highly experienced directors. President & Chairman Yasuyuki Inui is the most experienced director on the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: JP¥18.57 (vs JP¥74.93 in 3Q 2023) Third quarter 2024 results: EPS: JP¥18.57 (down from JP¥74.93 in 3Q 2023). Revenue: JP¥7.14b (down 27% from 3Q 2023). Net income: JP¥466.0m (down 75% from 3Q 2023). Profit margin: 6.5% (down from 19% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Dec 24
Inui Global Logistics Co., Ltd. to Report Q3, 2024 Results on Feb 13, 2024 Inui Global Logistics Co., Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥3.11 (vs JP¥128 in 2Q 2023) Second quarter 2024 results: EPS: JP¥3.11 (down from JP¥128 in 2Q 2023). Revenue: JP¥7.05b (down 46% from 2Q 2023). Net income: JP¥78.0m (down 98% from 2Q 2023). Profit margin: 1.1% (down from 25% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Sep 28
Inui Global Logistics Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Inui Global Logistics Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥3.00 per share at 0.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is on the higher end at 82%, and the cash payout ratio is above 100%. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.9%). Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,191, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 84% over the past three years. New Risk • Aug 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 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (40% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (14% net profit margin). New Risk • Aug 14
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 40% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (40% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (14% net profit margin). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥8.82 (vs JP¥178 in 1Q 2023) First quarter 2024 results: EPS: JP¥8.82 (down from JP¥178 in 1Q 2023). Revenue: JP¥7.90b (down 41% from 1Q 2023). Net income: JP¥221.0m (down 95% from 1Q 2023). Profit margin: 2.8% (down from 34% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: JP¥394 (vs JP¥474 in FY 2022) Full year 2023 results: EPS: JP¥394 (down from JP¥474 in FY 2022). Revenue: JP¥44.3b (up 18% from FY 2022). Net income: JP¥9.86b (down 17% from FY 2022). Profit margin: 22% (down from 32% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jun 15
Inui Global Logistics Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Inui Global Logistics Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥394 (vs JP¥474 in FY 2022) Full year 2023 results: EPS: JP¥394 (down from JP¥474 in FY 2022). Revenue: JP¥44.3b (up 18% from FY 2022). Net income: JP¥9.86b (down 17% from FY 2022). Profit margin: 22% (down from 32% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Inui Global Logistics Co., Ltd., Annual General Meeting, Jun 22, 2023 Inui Global Logistics Co., Ltd., Annual General Meeting, Jun 22, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥171 per share at 9.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 9.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.2%). Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: JP¥74.93 (vs JP¥132 in 3Q 2022) Third quarter 2023 results: EPS: JP¥74.93 (down from JP¥132 in 3Q 2022). Revenue: JP¥9.78b (down 6.1% from 3Q 2022). Net income: JP¥1.88b (down 43% from 3Q 2022). Profit margin: 19% (down from 32% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Dec 21
Inui Global Logistics Co., Ltd. to Report Q3, 2023 Results on Feb 01, 2023 Inui Global Logistics Co., Ltd. announced that they will report Q3, 2023 results on Feb 01, 2023 Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. Outside Corporate Auditor Yamada Haruhiko was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥128 (vs JP¥117 in 2Q 2022) Second quarter 2023 results: EPS: JP¥128 (up from JP¥117 in 2Q 2022). Revenue: JP¥13.0b (up 42% from 2Q 2022). Net income: JP¥3.19b (up 9.2% from 2Q 2022). Profit margin: 25% (down from 32% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 13%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.3%). Announcement • Sep 09
Inui Global Logistics Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022 Inui Global Logistics Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥178 (vs JP¥87.55 in 1Q 2022) First quarter 2023 results: EPS: JP¥178 (up from JP¥87.55 in 1Q 2022). Revenue: JP¥13.3b (up 68% from 1Q 2022). Net income: JP¥4.47b (up 104% from 1Q 2022). Profit margin: 34% (up from 28% in 1Q 2022). The increase in margin was driven by higher revenue. 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 31% per year, which means it is significantly lagging earnings growth. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. Outside Corporate Auditor Yamada Haruhiko was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. Outside Corporate Auditor Yamada Haruhiko was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Jun 26
Full year 2022 earnings released: EPS: JP¥474 (vs JP¥47.51 loss in FY 2021) Full year 2022 results: EPS: JP¥474 (up from JP¥47.51 loss in FY 2021). Revenue: JP¥37.6b (up 99% from FY 2021). Net income: JP¥11.8b (up JP¥13.0b from FY 2021). Profit margin: 32% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Jun 23
Inui Global Logistics Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022 Inui Global Logistics Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,844, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total returns to shareholders of 155% over the past three years. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥474 (vs JP¥47.51 loss in FY 2021) Full year 2022 results: EPS: JP¥474 (up from JP¥47.51 loss in FY 2021). Revenue: JP¥37.6b (up 99% from FY 2021). Net income: JP¥11.8b (up JP¥13.0b from FY 2021). Profit margin: 32% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • May 15
Inui Global Logistics Co., Ltd., Annual General Meeting, Jun 22, 2022 Inui Global Logistics Co., Ltd., Annual General Meeting, Jun 22, 2022. Announcement • Apr 08
Inui Global Logistics Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Inui Global Logistics Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥1,888, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 14x in the Commercial Services industry in Japan. Total returns to shareholders of 134% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥181 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 2.5% and this is well supported by cash flows. Trailing yield: 8.3%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 20
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥132 (up from JP¥9.49 loss in 3Q 2021). Revenue: JP¥10.4b (up 121% from 3Q 2021). Net income: JP¥3.29b (up JP¥3.53b from 3Q 2021). Profit margin: 32% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 62% per year whereas the company’s share price has increased by 59% per year. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥2,782, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 295% over the past three years. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥117 (vs JP¥30.40 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥9.16b (up 111% from 2Q 2021). Net income: JP¥2.93b (up JP¥3.68b from 2Q 2021). Profit margin: 32% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥2,356, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 16x in the Commercial Services industry in Japan. Total returns to shareholders of 157% over the past three years. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.9%). Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥2,410, the stock trades at a trailing P/E ratio of 33.3x. Average trailing P/E is 16x in the Commercial Services industry in Japan. Total returns to shareholders of 167% over the past three years. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorated over the past week After last week's 20% share price decline to JP¥1,765, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 15x in the Commercial Services industry in Japan. Total returns to shareholders of 82% over the past three years. Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS JP¥87.55 (vs JP¥32.37 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥7.93b (up 85% from 1Q 2021). Net income: JP¥2.19b (up JP¥2.99b from 1Q 2021). Profit margin: 28% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. 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. Reported Earnings • May 18
Full year 2021 earnings released: JP¥47.51 loss per share (vs JP¥3.21 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¥18.9b (down 13% from FY 2020). Net loss: JP¥1.19b (down JP¥1.27b 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 109 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 22 June 2021. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.8%). Announcement • Mar 12
Inui Global Logistics Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 Inui Global Logistics Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Is New 90 Day High Low • Mar 02
New 90-day high: JP¥1,045 The company is up 15% from its price of JP¥912 on 02 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 1.0% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: JP¥9.49 loss per share (vs JP¥25.31 loss in 3Q 2020) The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥4.71b (down 17% from 3Q 2020). Net loss: JP¥237.0m (loss narrowed 62% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 72% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥991 The company is up 9.0% from its price of JP¥909 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Commercial Services industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 08
New 90-day high: JP¥978 The company is up 1.0% from its price of JP¥966 on 09 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 2.0% over the same period. Announcement • Sep 13
Inui Global Logistics Co., Ltd. to Report Q2, 2021 Results on Nov 12, 2020 Inui Global Logistics Co., Ltd. announced that they will report Q2, 2021 results on Nov 12, 2020