New Risk • May 21
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 7.6% 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 (20% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Upcoming Dividend • May 21
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 07 August 2026. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.7%). Announcement • Apr 25
K.R.S. Corporation (TSE:9369) agreed to acquire 51.60% stake in Coldrush Logistics Private Limited for ¥2.8 billion. K.R.S. Corporation (TSE:9369) agreed to acquire 51.60% stake in Coldrush Logistics Private Limited from Hydra Commercial Investment LLC, Mubeen Mansur Mehta, Mansur Abubaker Mehta and Kartik Ashok Shah for ¥2.8 billion on April 23, 2026. A cash consideration of ¥2.75 billion will be paid by K.R.S. Corporation. As part of consideration, ¥2.75 billion is paid towards None of Coldrush Logistics Private Limited.
The transaction received approval from the acquirer board. The expected completion of the transaction is August 10, 2026. Reported Earnings • Mar 29
First quarter 2026 earnings released: EPS: JP¥23.58 (vs JP¥24.02 in 1Q 2025) First quarter 2026 results: EPS: JP¥23.58 (down from JP¥24.02 in 1Q 2025). Revenue: JP¥50.1b (up 3.2% from 1Q 2025). Net income: JP¥586.0m (down 1.8% from 1Q 2025). Profit margin: 1.2% (in line with 1Q 2025). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 09
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥107 (down from JP¥107 in FY 2024). Revenue: JP¥202.6b (up 3.8% from FY 2024). Net income: JP¥2.65b (flat on FY 2024). Profit margin: 1.3% (down from 1.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 29%. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 08
K.R.S. Corporation, Annual General Meeting, Feb 25, 2026 K.R.S. Corporation, Annual General Meeting, Feb 25, 2026. Price Target Changed • Dec 02
Price target decreased by 14% to JP¥1,500 Down from JP¥1,750, the current price target is provided by 1 analyst. New target price is 43% below last closing price of JP¥2,632. Stock is up 9.7% over the past year. The company is forecast to post earnings per share of JP¥82.50 for next year compared to JP¥107 last year. Upcoming Dividend • Nov 20
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 27 November 2025. Payment date: 27 February 2026. Payout ratio is a comfortable 13% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.8%). Announcement • Nov 05
K.R.S. Corporation to Report Fiscal Year 2025 Results on Jan 08, 2026 K.R.S. Corporation announced that they will report fiscal year 2025 results on Jan 08, 2026 Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,703, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Logistics industry in Japan. Total returns to shareholders of 160% over the past three years. Reported Earnings • Oct 02
Third quarter 2025 earnings released: EPS: JP¥24.70 (vs JP¥31.74 in 3Q 2024) Third quarter 2025 results: EPS: JP¥24.70 (down from JP¥31.74 in 3Q 2024). Revenue: JP¥51.0b (up 2.3% from 3Q 2024). Net income: JP¥614.0m (down 22% from 3Q 2024). Profit margin: 1.2% (down from 1.6% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 05
K.R.S. Corporation to Report Q3, 2025 Results on Sep 30, 2025 K.R.S. Corporation announced that they will report Q3, 2025 results on Sep 30, 2025 New Risk • Jul 09
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: Minor Risks High level of debt (69% net debt to equity). Share price has been volatile over the past 3 months (5.8% average weekly change). Reported Earnings • Jul 04
Second quarter 2025 earnings released: EPS: JP¥35.00 (vs JP¥44.01 in 2Q 2024) Second quarter 2025 results: EPS: JP¥35.00 (down from JP¥44.01 in 2Q 2024). Revenue: JP¥51.1b (up 4.6% from 2Q 2024). Net income: JP¥870.0m (down 21% from 2Q 2024). Profit margin: 1.7% (down from 2.2% in 2Q 2024). 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 4.3% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jul 04
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.3% 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 Risk Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. Minor Risk High level of debt (71% net debt to equity). Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥2,905, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 14x in the Logistics industry in Japan. Total returns to shareholders of 180% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,706 per share. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,229, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 13x in the Logistics industry in Japan. Total returns to shareholders of 119% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,517 per share. Upcoming Dividend • May 22
Upcoming dividend of JP¥13.50 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 07 August 2025. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (3.1%). Buy Or Sell Opportunity • May 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to JP¥1,879. The fair value is estimated to be JP¥2,382, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 5.1% in 2 years. Earnings are forecast to decline by 8.7% in the next 2 years. Announcement • Apr 29
K.R.S. Corporation to Report Q2, 2025 Results on Jul 03, 2025 K.R.S. Corporation announced that they will report Q2, 2025 results on Jul 03, 2025 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,463, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Logistics industry in Japan. Total returns to shareholders of 48% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,485 per share. Reported Earnings • Apr 02
First quarter 2025 earnings released: EPS: JP¥24.02 (vs JP¥22.57 in 1Q 2024) First quarter 2025 results: EPS: JP¥24.02 (up from JP¥22.57 in 1Q 2024). Revenue: JP¥48.5b (up 4.5% from 1Q 2024). Net income: JP¥597.0m (up 6.4% from 1Q 2024). Profit margin: 1.2% (in line with 1Q 2024). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Reported Earnings • Mar 04
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥107 (up from JP¥53.67 loss in FY 2023). Revenue: JP¥195.2b (up 5.7% from FY 2023). Net income: JP¥2.66b (up JP¥3.99b from FY 2023). Profit margin: 1.4% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Announcement • Feb 08
K.R.S. Corporation to Report Q1, 2025 Results on Mar 28, 2025 K.R.S. Corporation announced that they will report Q1, 2025 results on Mar 28, 2025 Major Estimate Revision • Jan 30
Consensus EPS estimates fall by 26% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥122 to JP¥90.50. Revenue forecast unchanged from JP¥199.0b at last update. Net income forecast to shrink 15% next year vs 7.8% growth forecast for Logistics industry in Japan . Consensus price target up from JP¥1,650 to JP¥1,800. Share price rose 3.1% to JP¥2,246 over the past week. Price Target Changed • Jan 29
Price target increased by 13% to JP¥1,800 Up from JP¥1,600, the current price target is an average from 2 analysts. New target price is 19% below last closing price of JP¥2,224. Stock is up 137% over the past year. The company is forecast to post earnings per share of JP¥90.50 for next year compared to JP¥107 last year. Reported Earnings • Jan 15
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥107 (up from JP¥53.67 loss in FY 2023). Revenue: JP¥195.2b (up 5.7% from FY 2023). Net income: JP¥2.66b (up JP¥3.99b from FY 2023). Profit margin: 1.4% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Announcement • Jan 09
K.R.S. Corporation, Annual General Meeting, Feb 26, 2025 K.R.S. Corporation, Annual General Meeting, Feb 26, 2025. Upcoming Dividend • Nov 21
Upcoming dividend of JP¥11.50 per share Eligible shareholders must have bought the stock before 28 November 2024. Payment date: 26 February 2025. The company is not currently making a profit and its cash payout ratio is 91%. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.3%). Announcement • Nov 06
K.R.S. Corporation to Report Fiscal Year 2024 Results on Jan 09, 2025 K.R.S. Corporation announced that they will report fiscal year 2024 results on Jan 09, 2025 Reported Earnings • Sep 28
Third quarter 2024 earnings released: EPS: JP¥31.74 (vs JP¥22.77 in 3Q 2023) Third quarter 2024 results: EPS: JP¥31.74 (up from JP¥22.77 in 3Q 2023). Revenue: JP¥49.9b (up 5.7% from 3Q 2023). Net income: JP¥789.0m (up 39% from 3Q 2023). Profit margin: 1.6% (up from 1.2% in 3Q 2023). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Announcement • Aug 30
K.R.S. Corporation to Report Q3, 2024 Results on Sep 27, 2024 K.R.S. Corporation announced that they will report Q3, 2024 results on Sep 27, 2024 New Risk • Aug 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.1% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risk High level of debt (61% net debt to equity). Buy Or Sell Opportunity • Aug 05
Now 23% undervalued Over the last 90 days, the stock has risen 23% to JP¥1,403. The fair value is estimated to be JP¥1,818, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Jul 08
Second quarter 2024 earnings released: EPS: JP¥44.01 (vs JP¥18.06 in 2Q 2023) Second quarter 2024 results: EPS: JP¥44.01 (up from JP¥18.06 in 2Q 2023). Revenue: JP¥48.9b (up 6.7% from 2Q 2023). Net income: JP¥1.09b (up 144% from 2Q 2023). Profit margin: 2.2% (up from 1.0% in 2Q 2023). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. New Risk • Jun 07
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 5.6% 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 (65% net debt to equity). Share price has been volatile over the past 3 months (5.6% average weekly change). Upcoming Dividend • May 23
Upcoming dividend of JP¥11.50 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 07 August 2024. The company is not currently making a profit and its cash payout ratio is 82%. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.2%). Buy Or Sell Opportunity • May 13
Now 21% undervalued Over the last 90 days, the stock has risen 29% to JP¥1,192. The fair value is estimated to be JP¥1,504, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Meanwhile, the company became loss making. Announcement • May 03
K.R.S. Corporation to Report Q2, 2024 Results on Jul 04, 2024 K.R.S. Corporation announced that they will report Q2, 2024 results on Jul 04, 2024 Buy Or Sell Opportunity • Apr 25
Now 22% undervalued Over the last 90 days, the stock has risen 23% to JP¥1,156. The fair value is estimated to be JP¥1,487, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Apr 14
Now 20% undervalued Over the last 90 days, the stock has risen 33% to JP¥1,223. The fair value is estimated to be JP¥1,530, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Meanwhile, the company became loss making. Price Target Changed • Apr 10
Price target increased by 15% to JP¥1,120 Up from JP¥975, the current price target is an average from 2 analysts. New target price is 11% below last closing price of JP¥1,260. Stock is up 28% over the past year. The company is forecast to post earnings per share of JP¥70.40 next year compared to a net loss per share of JP¥53.67 last year. Reported Earnings • Mar 30
First quarter 2024 earnings released: EPS: JP¥22.57 (vs JP¥5.63 in 1Q 2023) First quarter 2024 results: EPS: JP¥22.57 (up from JP¥5.63 in 1Q 2023). Revenue: JP¥46.5b (up 4.7% from 1Q 2023). Net income: JP¥561.0m (up 301% from 1Q 2023). Profit margin: 1.2% (up from 0.3% in 1Q 2023). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Mar 11
Now 22% undervalued Over the last 90 days, the stock has risen 14% to JP¥1,011. The fair value is estimated to be JP¥1,292, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.5% over the last 3 years. Meanwhile, the company became loss making. Announcement • Mar 01
K.R.S. Corporation to Report Q1, 2024 Results on Mar 27, 2024 K.R.S. Corporation announced that they will report Q1, 2024 results on Mar 27, 2024 Announcement • Jan 12
K.R.S. Corporation, Annual General Meeting, Feb 22, 2024 K.R.S. Corporation, Annual General Meeting, Feb 22, 2024. Reported Earnings • Jan 12
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: JP¥53.67 loss per share (down from JP¥58.66 profit in FY 2022). Revenue: JP¥184.6b (up 2.8% from FY 2022). Net loss: JP¥1.33b (down 192% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥11.50 per share at 2.5% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 22 February 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.7%). Announcement • Nov 02
K.R.S. Corporation to Report Fiscal Year 2023 Results on Jan 10, 2024 K.R.S. Corporation announced that they will report fiscal year 2023 results on Jan 10, 2024 Reported Earnings • Sep 29
Third quarter 2023 earnings released: EPS: JP¥22.77 (vs JP¥22.37 in 3Q 2022) Third quarter 2023 results: EPS: JP¥22.77 (up from JP¥22.37 in 3Q 2022). Revenue: JP¥47.2b (up 3.3% from 3Q 2022). Net income: JP¥566.0m (up 1.8% from 3Q 2022). Profit margin: 1.2% (in line with 3Q 2022). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Logistics industry in Japan. 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 9% per year, which means it is significantly lagging earnings growth. Announcement • Aug 24
K.R.S. Corporation to Report Q3, 2023 Results on Sep 28, 2023 K.R.S. Corporation announced that they will report Q3, 2023 results on Sep 28, 2023 Buying Opportunity • Aug 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥1,143, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 3.7% in 2 years. Earnings is forecast to grow by 59% in the next 2 years. Buying Opportunity • Jul 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 4.1%. The fair value is estimated to be JP¥1,199, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 3.4% in 2 years. Earnings is forecast to grow by 57% in the next 2 years. Upcoming Dividend • May 23
Upcoming dividend of JP¥11.50 per share at 2.3% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 08 August 2023. Payout ratio is a comfortable 42% and the cash payout ratio is 78%. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (2.5%). Reported Earnings • Apr 01
First quarter 2023 earnings released: EPS: JP¥5.63 (vs JP¥9.70 in 1Q 2022) First quarter 2023 results: EPS: JP¥5.63 (down from JP¥9.70 in 1Q 2022). Revenue: JP¥44.4b (up 2.6% from 1Q 2022). Net income: JP¥140.0m (down 42% from 1Q 2022). Profit margin: 0.3% (down from 0.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 1.0% growth forecast for the Logistics industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Feb 17
K.R.S. Corporation to Report Q1, 2023 Results on Mar 30, 2023 K.R.S. Corporation announced that they will report Q1, 2023 results on Mar 30, 2023 Price Target Changed • Jan 26
Price target decreased by 11% to JP¥975 Down from JP¥1,100, the current price target is an average from 2 analysts. New target price is 8.0% above last closing price of JP¥903. Stock is up 8.4% over the past year. The company is forecast to post earnings per share of JP¥64.38 for next year compared to JP¥58.66 last year. Announcement • Jan 12
K.R.S. Corporation, Annual General Meeting, Feb 21, 2023 K.R.S. Corporation, Annual General Meeting, Feb 21, 2023. Reported Earnings • Jan 11
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥58.66 (down from JP¥62.72 in FY 2021). Revenue: JP¥179.6b (up 2.1% from FY 2021). Net income: JP¥1.46b (down 6.5% from FY 2021). Profit margin: 0.8% (down from 0.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.5%. Revenue is forecast to grow 1.6% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥11.50 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 24 February 2023. Payout ratio is a comfortable 34% and the cash payout ratio is 80%. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.2%). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 10 non-independent directors. Independent Outside Director Keiko Otsuki was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 09
K.R.S. Corporation to Report Fiscal Year 2022 Results on Jan 10, 2023 K.R.S. Corporation announced that they will report fiscal year 2022 results on Jan 10, 2023 Reported Earnings • Oct 06
Third quarter 2022 earnings released: EPS: JP¥22.37 (vs JP¥24.86 in 3Q 2021) Third quarter 2022 results: EPS: JP¥22.37 (down from JP¥24.86 in 3Q 2021). Revenue: JP¥45.6b (up 2.1% from 3Q 2021). Net income: JP¥556.0m (down 10.0% from 3Q 2021). Profit margin: 1.2% (down from 1.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Transportation industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year. Announcement • Aug 11
K.R.S. Corporation to Report Q3, 2022 Results on Oct 05, 2022 K.R.S. Corporation announced that they will report Q3, 2022 results on Oct 05, 2022 Reported Earnings • Jul 13
Second quarter 2022 earnings released: EPS: JP¥19.71 (vs JP¥21.40 in 2Q 2021) Second quarter 2022 results: EPS: JP¥19.71 (down from JP¥21.40 in 2Q 2021). Revenue: JP¥44.9b (up 1.8% from 2Q 2021). Net income: JP¥490.0m (down 7.9% from 2Q 2021). Profit margin: 1.1% (down from 1.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to stay flat compared to a 24% growth forecast for the 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 6% per year, which means it is well ahead of earnings. Announcement • May 25
K.R.S. Corporation to Report Q2, 2022 Results on Jul 11, 2022 K.R.S. Corporation announced that they will report Q2, 2022 results on Jul 11, 2022 Upcoming Dividend • May 23
Upcoming dividend of JP¥11.50 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 08 August 2022. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 10 non-independent directors. Independent Outside Director Keiko Otsuki was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 08
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: JP¥9.70 (up from JP¥1.09 in 1Q 2021). Revenue: JP¥43.2b (up 1.4% from 1Q 2021). Net income: JP¥241.0m (up JP¥214.0m from 1Q 2021). Profit margin: 0.6% (up from 0.1% in 1Q 2021). Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Over the next year, revenue is forecast to stay flat compared to a 19% growth forecast for the 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 1% per year, which means it is well ahead of earnings. Announcement • Feb 02
K.R.S. Corporation to Report Q1, 2022 Results on Apr 06, 2022 K.R.S. Corporation announced that they will report Q1, 2022 results on Apr 06, 2022 Reported Earnings • Jan 12
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: JP¥126 (up from JP¥29.29 in FY 2020). Revenue: JP¥176.0b (up 2.8% from FY 2020). Net income: JP¥1.56b (up 114% from FY 2020). Profit margin: 0.9% (up from 0.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Earnings per share (EPS) surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 3.5%, compared to a 19% growth forecast for the 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 only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 25 February 2022. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%). Price Target Changed • Oct 24
Price target increased to JP¥1,990 Up from JP¥1,773, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥1,909. Stock is up 9.1% over the past year. The company is forecast to post earnings per share of JP¥108 for next year compared to JP¥58.58 last year. Reported Earnings • Oct 03
Third quarter 2021 earnings released: EPS JP¥49.72 (vs JP¥20.12 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥44.7b (up 3.9% from 3Q 2020). Net income: JP¥618.0m (up 147% from 3Q 2020). Profit margin: 1.4% (up from 0.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 08
Second quarter 2021 earnings released: EPS JP¥42.80 (vs JP¥4.99 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥44.1b (up 4.1% from 2Q 2020). Net income: JP¥532.0m (up JP¥470.0m from 2Q 2020). Profit margin: 1.2% (up from 0.1% in 2Q 2020). The increase in margin was driven by higher revenue. 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 17% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 21
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 06 August 2021. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.2%). Reported Earnings • Apr 04
First quarter 2021 earnings released: EPS JP¥2.49 (vs JP¥4.18 in 1Q 2020) The company reported a soft first quarter result with weaker earnings, although revenues and profit margins were flat. First quarter 2021 results: Revenue: JP¥42.7b (flat on 1Q 2020). Net income: JP¥31.0m (down 40% from 1Q 2020). Profit margin: 0.1% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS JP¥58.58 (vs JP¥148 in FY 2019) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: JP¥171.2b (flat on FY 2019). Net income: JP¥728.0m (down 60% from FY 2019). Profit margin: 0.4% (down from 1.1% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 41% 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. Analyst Estimate Surprise Post Earnings • Mar 03
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 0.4%. Earnings per share (EPS) exceeded analyst estimates by 7.0%. Over the next year, revenue is forecast to grow 3.4%, compared to a 13% growth forecast for the Transportation industry in Japan. Price Target Changed • Feb 25
Price target raised to JP¥1,975 Up from JP¥1,817, the current price target is an average from 3 analysts. The new target price is 25% above the current share price of JP¥1,583. As of last close, the stock is down 14% over the past year. Announcement • Jan 31
K.R.S. Corporation to Report Q1, 2021 Results on Apr 02, 2021 K.R.S. Corporation announced that they will report Q1, 2021 results on Apr 02, 2021 Major Estimate Revision • Jan 21
Analysts update estimates The 2021 consensus earning per share (EPS) estimate was lowered from JP¥131 to JP¥113. Revenue estimate was approximately flat at JP¥177.0b. Net income is expected to grow by 92% next year compared to 13% growth forecast for the Transportation industry in Japan. The consensus price target of JP¥1,817 was unchanged from the last update. Share price is up 1.8% to JP¥1,568 over the past week. Is New 90 Day High Low • Jan 12
New 90-day low: JP¥1,578 The company is down 9.0% from its price of JP¥1,728 on 14 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Transportation industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,298 per share. Analyst Estimate Surprise Post Earnings • Jan 09
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 0.4%. Earnings per share (EPS) exceeded analyst estimates by 7.0%. Over the next year, revenue is forecast to grow 3.6%, compared to a 2.3% growth forecast for the Transportation industry in Japan. Reported Earnings • Jan 09
Full year 2020 earnings released: EPS JP¥58.58 The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: JP¥171.2b (flat on FY 2019). Net income: JP¥728.0m (down 60% from FY 2019). Profit margin: 0.4% (down from 1.1% in FY 2019). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Price Target Changed • Dec 01
Price target raised to JP¥1,775 Up from JP¥1,525, the current price target is an average from 2 analysts. The new target price is 7.4% above the current share price of JP¥1,653. As of last close, the stock is down 10% over the past year. Announcement • Nov 27
K.R.S. Corporation to Report Fiscal Year 2020 Results on Jan 07, 2021 K.R.S. Corporation announced that they will report fiscal year 2020 results on Jan 07, 2021