Tillkännagivande • May 30
Aoyama Trading Co., Ltd. to Report Q1, 2027 Results on Aug 10, 2026 Aoyama Trading Co., Ltd. announced that they will report Q1, 2027 results on Aug 10, 2026 Board Change • May 20
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Masaki Nogami was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Tillkännagivande • May 12
Aoyama Trading Co., Ltd., Annual General Meeting, Jun 26, 2026 Aoyama Trading Co., Ltd., Annual General Meeting, Jun 26, 2026. Tillkännagivande • May 10
Aoyama Trading Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026 Aoyama Trading Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026 Tillkännagivande • Dec 03
Aoyama Trading Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026 Aoyama Trading Co., Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026 Tillkännagivande • Nov 11
Aoyama Trading Co., Ltd. (TSE:8219) announces an Equity Buyback for 1,400,000 shares, representing 2.86% for ¥3,000 million. Aoyama Trading Co., Ltd. (TSE:8219) announces a share repurchase program. Under the program, the company will repurchase 1,500,000 shares, representing 2.98% of the outstanding shares for ¥3,000 million. The purpose of the program is to expand shareholder returns and improve capital efficiency. The program will run until March 24, 2026. As of September 30, 2025, there are 48,932,536 outstanding shares (excluding treasury stock) and 1,461,480 treasury shares. Tillkännagivande • Sep 02
Aoyama Trading Co., Ltd. to Report Q2, 2026 Results on Nov 11, 2025 Aoyama Trading Co., Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025 Tillkännagivande • Jun 27
Aoyama Trading Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Aoyama Trading Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Tillkännagivande • May 13
Aoyama Trading Co., Ltd., Annual General Meeting, Jun 26, 2025 Aoyama Trading Co., Ltd., Annual General Meeting, Jun 26, 2025. Tillkännagivande • Mar 05
Aoyama Trading Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Aoyama Trading Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Tillkännagivande • Dec 14
Aoyama Trading Co., Ltd. to Report Q3, 2025 Results on Feb 14, 2025 Aoyama Trading Co., Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025 Reported Earnings • Nov 17
Second quarter 2025 earnings released: JP¥28.68 loss per share (vs JP¥15.38 loss in 2Q 2024) Second quarter 2025 results: JP¥28.68 loss per share (further deteriorated from JP¥15.38 loss in 2Q 2024). Revenue: JP¥39.1b (flat on 2Q 2024). Net loss: JP¥1.43b (loss widened 86% from 2Q 2024). Revenue is forecast to stay flat during the next 3 years compared to a 5.8% growth forecast for the Specialty Retail industry in Germany. 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 29% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to €10.90, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 6x in the Specialty Retail industry in Germany. Total returns to shareholders of 119% over the past three years. Tillkännagivande • Sep 27
Aoyama Trading Co., Ltd. to Report Q2, 2025 Results on Nov 12, 2024 Aoyama Trading Co., Ltd. announced that they will report Q2, 2025 results on Nov 12, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥16.04 (vs JP¥24.68 in 1Q 2024) First quarter 2025 results: EPS: JP¥16.04 (down from JP¥24.68 in 1Q 2024). Revenue: JP¥45.0b (up 1.5% from 1Q 2024). Net income: JP¥800.0m (down 35% from 1Q 2024). Profit margin: 1.8% (down from 2.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €7.35, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Specialty Retail industry in Germany. Total returns to shareholders of 58% over the past three years. Buy Or Sell Opportunity • Aug 05
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to €7.35. The fair value is estimated to be €10.16, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings are forecast to decline by 2.4% per annum over the same time period. Tillkännagivande • Jun 26
Aoyama Trading Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Aoyama Trading Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Tillkännagivande • May 15
Aoyama Trading Co., Ltd., Annual General Meeting, Jun 27, 2024 Aoyama Trading Co., Ltd., Annual General Meeting, Jun 27, 2024. Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥202 (vs JP¥85.84 in FY 2023) Full year 2024 results: EPS: JP¥202 (up from JP¥85.84 in FY 2023). Revenue: JP¥193.7b (up 5.5% from FY 2023). Net income: JP¥10.1b (up 136% from FY 2023). Profit margin: 5.2% (up from 2.3% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 5.6% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Mar 22
Aoyama Trading Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Aoyama Trading Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (3.0%). Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥41.82 (vs JP¥25.40 in 3Q 2023) Third quarter 2024 results: EPS: JP¥41.82 (up from JP¥25.40 in 3Q 2023). Revenue: JP¥48.2b (up 4.0% from 3Q 2023). Net income: JP¥2.09b (up 65% from 3Q 2023). Profit margin: 4.3% (up from 2.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Dec 01
Aoyama Trading Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Aoyama Trading Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 13
Second quarter 2024 earnings released: JP¥15.38 loss per share (vs JP¥49.63 loss in 2Q 2023) Second quarter 2024 results: JP¥15.38 loss per share (improved from JP¥49.63 loss in 2Q 2023). Revenue: JP¥38.7b (up 7.9% from 2Q 2023). Net loss: JP¥767.0m (loss narrowed 69% from 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 6.4% growth forecast for the Specialty Retail industry in Germany. Tillkännagivande • Sep 28
Aoyama Trading Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Aoyama Trading Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Buying Opportunity • Aug 17
Now 21% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be €10.81, 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. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.4% per annum. Earnings is forecast to decline by 1.7% per annum over the same time period. New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.7% 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 1.7% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Reported Earnings • Aug 13
First quarter 2024 earnings released: EPS: JP¥24.68 (vs JP¥0.44 in 1Q 2023) First quarter 2024 results: EPS: JP¥24.68 (up from JP¥0.44 in 1Q 2023). Revenue: JP¥44.3b (up 8.3% from 1Q 2023). Net income: JP¥1.23b (up JP¥1.21b from 1Q 2023). Profit margin: 2.8% (up from 0.1% in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 6.2% growth forecast for the Specialty Retail industry in Germany. Tillkännagivande • Jun 26
Aoyama Trading Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Aoyama Trading Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥85.84 (vs JP¥27.10 in FY 2022) Full year 2023 results: EPS: JP¥85.84 (up from JP¥27.10 in FY 2022). Revenue: JP¥183.5b (up 11% from FY 2022). Net income: JP¥4.28b (up 217% from FY 2022). Profit margin: 2.3% (up from 0.8% in FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 6.9% growth forecast for the Specialty Retail industry in Germany. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €7.25, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 11x in the Specialty Retail industry in Germany. Total returns to shareholders of 33% over the past year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥21.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.9%). Buying Opportunity • Mar 11
Now 20% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be €8.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.4% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.02% per annum. Earnings is forecast to decline by 3.1% per annum over the same time period. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥25.40 (vs JP¥54.90 in 3Q 2022) Third quarter 2023 results: EPS: JP¥25.40 (down from JP¥54.90 in 3Q 2022). Revenue: JP¥46.4b (up 4.9% from 3Q 2022). Net income: JP¥1.27b (down 54% from 3Q 2022). Profit margin: 2.7% (down from 6.2% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Specialty Retail industry in Germany. Buying Opportunity • Feb 03
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €7.81, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.5% per annum. Earnings is forecast to decline by 11% per annum over the same time period. Tillkännagivande • Dec 18
Aoyama Trading Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Aoyama Trading Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: JP¥49.63 loss per share (vs JP¥97.56 loss in 2Q 2022) Second quarter 2023 results: JP¥49.63 loss per share (improved from JP¥97.56 loss in 2Q 2022). Revenue: JP¥35.9b (up 22% from 2Q 2022). Net loss: JP¥2.47b (loss narrowed 49% from 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 6.0% growth forecast for the Specialty Retail industry in Germany. Board Change • Nov 16
Less than half of directors are independent 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. 3 independent directors (4 non-independent directors). Independent Outside Director Toru Watanabe was the last independent 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: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Nov 12
Aoyama Trading Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023 Aoyama Trading Co., Ltd. provided consolidated earnings guidance for the year ending March 31, 2023. For the year ending March 31, 2023, the company expects net sales of JPY 188,300 million, operating profit of JPY 7,300 million and profit attributable to owners of parent of JPY 3,600 million or JPY 72.23 per basic share. Tillkännagivande • Sep 17
Aoyama Trading Co., Ltd. to Report Q2, 2023 Results on Nov 11, 2022 Aoyama Trading Co., Ltd. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥0.44 (vs JP¥54.75 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥0.44 (up from JP¥54.75 loss in 1Q 2022). Revenue: JP¥40.9b (up 8.4% from 1Q 2022). Net income: JP¥22.0m (up JP¥2.75b from 1Q 2022). Profit margin: 0.1% (up from net loss in 1Q 2022). Over the next year, revenue is forecast to grow 4.0%, compared to a 11% growth forecast for the industry in Germany. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥27.10 (vs JP¥781 loss in FY 2021) Full year 2022 results: EPS: JP¥27.10 (up from JP¥781 loss in FY 2021). Revenue: JP¥166.0b (up 2.8% from FY 2021). Net income: JP¥1.35b (up JP¥40.2b from FY 2021). Profit margin: 0.8% (up from net loss in FY 2021). Over the next year, revenue is forecast to stay flat compared to a 10% growth forecast for the retail industry in Germany. Tillkännagivande • May 14
Aoyama Trading Co., Ltd., Annual General Meeting, Jun 29, 2022 Aoyama Trading Co., Ltd., Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
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. Independent Outside Director Toru Watanabe was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 08
Aoyama Trading Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Aoyama Trading Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Reported Earnings • Feb 11
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥54.90 (up from JP¥23.81 loss in 3Q 2021). Revenue: JP¥44.2b (down 1.1% from 3Q 2021). Net income: JP¥2.74b (up JP¥3.92b from 3Q 2021). Profit margin: 6.2% (up from net loss in 3Q 2021). Revenue exceeded analyst estimates by 2.2%. Over the next year, revenue is expected to shrink by 1.5% compared to a 17% growth forecast for the industry in Germany. Reported Earnings • Nov 14
Second quarter 2022 earnings released: JP¥97.56 loss per share (vs JP¥155 loss in 2Q 2021) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥29.4b (down 8.8% from 2Q 2021). Net loss: JP¥4.86b (loss narrowed 37% from 2Q 2021). Reported Earnings • Aug 14
First quarter 2022 earnings released: JP¥54.75 loss per share (vs JP¥185 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥37.8b (up 31% from 1Q 2021). Net loss: JP¥2.73b (loss narrowed 70% from 1Q 2021). Board Change • Jul 27
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. Independent Outside Director Toru Watanabe was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 18
Full year 2021 earnings released: JP¥781 loss per share (vs JP¥338 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: JP¥161.4b (down 26% from FY 2020). Net loss: JP¥38.9b (loss widened 130% from FY 2020). Tillkännagivande • May 16
Aoyama Trading Co., Ltd. Provides Earnings Guidance for the First Six Months and Full Year 2022 Aoyama Trading Co., Ltd. provided earnings guidance for the first six months and full year 2022. For the first six months ending September 2021, the company expected net sales of JPY 74,800 million, operating loss of JPY 6,300 million, loss attributable to owners of parent of JPY 6,700 million and basic loss per share of JPY 134.61.
For the full year ending March 2022, the company expected net sales of JPY 182,500 million, operating income of JPY 4,000 million, profit attributable to owners of parent of JPY 3,000 million and basic earnings per share of JPY 60.27. Tillkännagivande • Mar 06
Aoyama Trading Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 Aoyama Trading Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Reported Earnings • Feb 14
Third quarter 2021 earnings released: JP¥23.81 loss per share (vs JP¥35.17 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¥44.7b (down 18% from 3Q 2020). Net loss: JP¥1.19b (loss narrowed 33% from 3Q 2020). Analyst Estimate Surprise Post Earnings • Feb 14
Revenue misses expectations Revenue missed analyst estimates by 8.1%. Over the next year, revenue is forecast to grow 2.2%, compared to a 7.7% growth forecast for the Specialty Retail industry in Germany. Tillkännagivande • Jan 28
Aoyama Trading Co., Ltd.(TSE:8219) dropped from S&P Japan 500 Aoyama Trading Co., Ltd.(TSE:8219) dropped from S&P Japan 500