Japan Excellent Past Earnings Performance

Past criteria checks 1/6

Japan Excellent has been growing earnings at an average annual rate of 2.7%, while the Office REITs industry saw earnings growing at 3.6% annually. Revenues have been growing at an average rate of 1.7% per year. Japan Excellent's return on equity is 4.9%, and it has net margins of 29.2%.

Key information

2.7%

Earnings growth rate

2.0%

EPS growth rate

Office REITs Industry Growth	3.1%
Revenue growth rate	1.7%
Return on equity	4.9%
Net Margin	29.2%
Last Earnings Update	30 Jun 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Japan Excellent makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

OTCPK:JPXC.F Revenue, expenses and earnings (JPY Millions)
Date	Revenue	Earnings	G+A Expenses
30 Jun 23	25,292	7,383	112
31 Mar 23	23,515	7,494	102
31 Dec 22	21,737	7,604	92
30 Jun 22	22,130	8,202	132
31 Dec 21	21,332	7,692	132
30 Jun 21	21,134	7,950	132
31 Dec 20	22,056	9,921	88
30 Jun 20	25,434	11,262	132
31 Mar 20	21,953	5,463	130
31 Dec 19	21,780	4,492	130
30 Jun 19	21,325	7,286	88
31 Mar 19	21,259	7,111	100
31 Dec 18	21,192	6,935	112
30 Jun 18	21,620	7,039	115
31 Mar 18	21,674	7,100	116
31 Dec 17	21,728	7,160	117
30 Jun 17	21,296	6,866	95
31 Mar 17	21,086	6,693	94
31 Dec 16	20,876	6,519	94
30 Sep 16	20,885	6,508	95
30 Jun 16	20,893	6,497	96
31 Mar 16	20,842	6,490	95
31 Dec 15	20,791	6,482	95
30 Sep 15	20,304	6,310	94
30 Jun 15	19,817	6,138	93
31 Mar 15	19,536	6,094	92
31 Dec 14	19,254	6,051	91
30 Sep 14	18,830	5,918	90
30 Jun 14	18,407	5,785	89
31 Mar 14	17,832	5,579	87
31 Dec 13	17,258	5,373	85
30 Jun 13	16,836	5,196	112
31 Mar 13	15,674	4,825	76
31 Dec 12	15,339	4,743	56

Quality Earnings: JPXC.F has a large one-off loss of ¥3.5B impacting its last 12 months of financial results to 30th June, 2023.

Growing Profit Margin: JPXC.F's current net profit margins (29.2%) are lower than last year (37.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: JPXC.F's earnings have grown by 2.7% per year over the past 5 years.

Accelerating Growth: JPXC.F's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: JPXC.F had negative earnings growth (-10%) over the past year, making it difficult to compare to the Office REITs industry average (-4.4%).

Return on Equity

High ROE: JPXC.F's Return on Equity (4.9%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/10/09 12:26
End of Day Share Price	2023/07/12 00:00
Earnings	2023/06/30
Annual Earnings	2023/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Japan Excellent, Inc. is covered by 14 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Junichi Tazawa	Barclays
Toshiyuki Anegawa	BofA Global Research
Tomohiro Sumiya	Daiwa Securities Co. Ltd.