Announcement • Mar 01
Renewable Japan Co., Ltd. to Delist from Growth Section of the Tokyo Stock Exchange, Effective March 19, 2025 Renewable Japan Co., Ltd. will be delisted from Growth Section of the Tokyo Stock Exchange effective from March 19, 2025, due to Reverse stock split. Reported Earnings • Feb 16
Full year 2024 earnings released: EPS: JP¥52.28 (vs JP¥36.82 in FY 2023) Full year 2024 results: EPS: JP¥52.28 (up from JP¥36.82 in FY 2023). Revenue: JP¥18.4b (down 45% from FY 2023). Net income: JP¥1.57b (up 44% from FY 2023). Profit margin: 8.5% (up from 3.2% in FY 2023). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Feb 14
Renewable Japan Co., Ltd., Annual General Meeting, Mar 27, 2025 Renewable Japan Co., Ltd., Annual General Meeting, Mar 27, 2025. Announcement • Jan 10
Tokyu Land Corporation completed the acquisition of 46.05% stake in Renewable Japan Co., Ltd. (TSE:9522) for ¥17.2 billion. Tokyu Land Corporation proposed to acquire 49.9 stake in Renewable Japan Co., Ltd. (TSE:9522) for ¥18.7 billion on November 14, 2024. A cash consideration valued at ¥1250 per share will be paid by Tokyu Land Corporation. As part of consideration, an undisclosed value is paid towards common equity of Renewable Japan Co., Ltd.
The expected completion of the transaction is January 8, 2025.
Nishimura & Asahi acted as legal advisor for Tokyu Land Corporation. Nomura Securities Co., Ltd. acted as financial advisor for Tokyu Land Corporation. City-Yuwa Partners acted as legal advisor for Renewable Japan Co., Ltd. SMBC Nikko Securities Inc. acted as financial advisor for Renewable Japan Co., Ltd.
Tokyu Land Corporation completed the acquisition of 46.05% stake in Renewable Japan Co., Ltd. (TSE:9522) for ¥17.2 billion on January 8, 2025. Announcement • Jan 03
Renewable Japan Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025 Renewable Japan Co., Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025 New Risk • Nov 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Share price has been highly volatile over the past 3 months (22% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to JP¥738, the stock trades at a trailing P/E ratio of 50.6x. Average trailing P/E is 20x in the Renewable Energy industry in Japan. Total loss to shareholders of 3.1% over the past year. New Risk • Nov 15
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 8.7% 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 Risks Interest payments are not well covered by earnings (1.8x net interest cover). Share price has been highly volatile over the past 3 months (8.7% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.3% net profit margin). Announcement • Sep 25
Renewable Japan Co., Ltd. to Report Q3, 2024 Results on Nov 14, 2024 Renewable Japan Co., Ltd. announced that they will report Q3, 2024 results on Nov 14, 2024 Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: JP¥13.08 (vs JP¥13.98 in 2Q 2023) Second quarter 2024 results: EPS: JP¥13.08 (down from JP¥13.98 in 2Q 2023). Revenue: JP¥4.85b (up 1.3% from 2Q 2023). Net income: JP¥391.0m (down 5.3% from 2Q 2023). Profit margin: 8.1% (down from 8.6% in 2Q 2023). The decrease in margin was driven by higher expenses. New Risk • Aug 02
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 7.4% 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 Risks Interest payments are not well covered by earnings (1.6x net interest cover). Share price has been highly volatile over the past 3 months (7.4% average weekly change). Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥621, the stock trades at a trailing P/E ratio of 40.5x. Average trailing P/E is 38x in the Renewable Energy industry in Japan. Total loss to shareholders of 43% over the past year. Announcement • Jun 23
Renewable Japan Co., Ltd. to Report Q2, 2024 Results on Aug 14, 2024 Renewable Japan Co., Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024 Reported Earnings • May 16
First quarter 2024 earnings released: JP¥5.96 loss per share (vs JP¥15.45 profit in 1Q 2023) First quarter 2024 results: JP¥5.96 loss per share (down from JP¥15.45 profit in 1Q 2023). Revenue: JP¥3.87b (down 17% from 1Q 2023). Net loss: JP¥178.0m (down 140% from profit in 1Q 2023). Announcement • Mar 23
Renewable Japan Co., Ltd. to Report Q1, 2024 Results on May 13, 2024 Renewable Japan Co., Ltd. announced that they will report Q1, 2024 results on May 13, 2024 Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,181, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 20x in the Renewable Energy industry in Japan. Total returns to shareholders of 223% over the past year. New Risk • Feb 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% 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: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Announcement • Feb 16
Renewable Japan Co., Ltd., Annual General Meeting, Mar 28, 2024 Renewable Japan Co., Ltd., Annual General Meeting, Mar 28, 2024. Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: JP¥36.82 (vs JP¥52.68 loss in FY 2022) Full year 2023 results: EPS: JP¥36.82 (up from JP¥52.68 loss in FY 2022). Revenue: JP¥33.6b (up 90% from FY 2022). Net income: JP¥1.09b (up JP¥2.61b from FY 2022). Profit margin: 3.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. New Risk • Jan 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% 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: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,340, the stock trades at a trailing P/E ratio of 47.7x. Average trailing P/E is 20x in the Renewable Energy industry in Japan. Total returns to shareholders of 195% over the past year. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to JP¥1,023, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 21x in the Renewable Energy industry in Japan. Total returns to shareholders of 107% over the past year. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥715, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 22x in the Renewable Energy industry in Japan. Total returns to shareholders of 16% over the past year. New Risk • Nov 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% 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: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Share price has been highly volatile over the past 3 months (9.8% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥1,000, the stock trades at a trailing P/E ratio of 49.7x. Average trailing P/E is 13x in the Renewable Energy industry in Japan. Total returns to shareholders of 62% over the past year. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥877, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 13x in the Renewable Energy industry in Japan. Total returns to shareholders of 48% over the past year. Announcement • Sep 28
Renewable Japan Co., Ltd. to Report Q3, 2023 Results on Nov 14, 2023 Renewable Japan Co., Ltd. announced that they will report Q3, 2023 results on Nov 14, 2023 Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,165, the stock trades at a trailing P/E ratio of 57.9x. Average trailing P/E is 14x in the Renewable Energy industry in Japan. Total returns to shareholders of 55% over the past year. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥1,238, the stock trades at a trailing P/E ratio of 61.5x. Average trailing P/E is 14x in the Renewable Energy industry in Japan. Total returns to shareholders of 70% over the past year. New Risk • Aug 15
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.4x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.4x net interest cover). Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: JP¥13.98 (vs JP¥0.58 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥13.98 (up from JP¥0.58 loss in 2Q 2022). Revenue: JP¥4.79b (up 2.7% from 2Q 2022). Net income: JP¥413.0m (up JP¥430.0m from 2Q 2022). Profit margin: 8.6% (up from net loss in 2Q 2022). The move to profitability was primarily driven by lower expenses. Announcement • May 28
Renewable Japan Co., Ltd. to Report Q2, 2023 Results on Aug 14, 2023 Renewable Japan Co., Ltd. announced that they will report Q2, 2023 results on Aug 14, 2023 Board Change • Mar 11
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. 12 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Feb 15
Renewable Japan Co., Ltd., Annual General Meeting, Mar 30, 2023 Renewable Japan Co., Ltd., Annual General Meeting, Mar 30, 2023. Announcement • Dec 06
Renewable Japan Co., Ltd. to Report Fiscal Year 2022 Results on Feb 13, 2023 Renewable Japan Co., Ltd. announced that they will report fiscal year 2022 results on Feb 13, 2023 Board Change • Aug 25
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 27
Renewable Japan Co.,Ltd. to Report Q1, 2022 Results on May 13, 2022 Renewable Japan Co.,Ltd. announced that they will report Q1, 2022 results on May 13, 2022 Announcement • Feb 16
Renewable Japan Co.,Ltd., Annual General Meeting, Mar 31, 2022 Renewable Japan Co.,Ltd., Annual General Meeting, Mar 31, 2022. Announcement • Dec 22
Renewable Japan Co.,Ltd. has completed an IPO in the amount of ¥8.2278 billion. Renewable Japan Co.,Ltd. has completed an IPO in the amount of ¥8.2278 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 4,571,000
Price\Range: ¥1800
Discount Per Security: ¥136.33
Transaction Features: Sponsor Backed Offering