New Risk • Aug 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 31% 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 Dividend is not well covered by earnings (121% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (JP¥7.42b market cap, or US$46.6m). Reported Earnings • Aug 01
First quarter 2027 earnings released: EPS: JP¥1.99 (vs JP¥36.28 in 1Q 2026) First quarter 2027 results: EPS: JP¥1.99 (down from JP¥36.28 in 1Q 2026). Revenue: JP¥8.84b (down 3.4% from 1Q 2026). Net income: JP¥19.0m (down 95% from 1Q 2026). Profit margin: 0.2% (down from 3.8% in 1Q 2026). 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 19% per year, which means it is well ahead of earnings. Reported Earnings • May 18
Full year 2026 earnings released: EPS: JP¥59.79 (vs JP¥103 in FY 2025) Full year 2026 results: EPS: JP¥59.79 (down from JP¥103 in FY 2025). Revenue: JP¥36.3b (down 8.9% from FY 2025). Net income: JP¥568.0m (down 42% from FY 2025). Profit margin: 1.6% (down from 2.4% in FY 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • May 14
Sanyei Corporation, Annual General Meeting, Jun 26, 2026 Sanyei Corporation, Annual General Meeting, Jun 26, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.50 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 15 June 2026. Payout ratio is on the higher end at 93%, however this is supported by cash flows. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.9%). Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥9.89 (vs JP¥13.93 in 3Q 2025) Third quarter 2026 results: EPS: JP¥9.89 (down from JP¥13.93 in 3Q 2025). Revenue: JP¥9.09b (flat on 3Q 2025). Net income: JP¥94.0m (down 29% from 3Q 2025). Profit margin: 1.0% (down from 1.5% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 02
Second quarter 2026 earnings released: EPS: JP¥11.78 (vs JP¥18.78 in 2Q 2025) Second quarter 2026 results: EPS: JP¥11.78 (down from JP¥18.78 in 2Q 2025). Revenue: JP¥8.50b (down 12% from 2Q 2025). Net income: JP¥112.0m (down 37% from 2Q 2025). Profit margin: 1.3% (down from 1.8% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.50 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥36.28 (vs JP¥89.56 in 1Q 2025) First quarter 2026 results: EPS: JP¥36.28 (down from JP¥89.56 in 1Q 2025). Revenue: JP¥9.15b (down 18% from 1Q 2025). Net income: JP¥344.0m (down 59% from 1Q 2025). Profit margin: 3.8% (down from 7.5% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥103 (vs JP¥56.44 in FY 2024) Full year 2025 results: EPS: JP¥103 (up from JP¥56.44 in FY 2024). Revenue: JP¥39.9b (up 8.6% from FY 2024). Net income: JP¥974.0m (up 81% from FY 2024). Profit margin: 2.4% (up from 1.5% in FY 2024). 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 28% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 14
Sanyei Corporation, Annual General Meeting, Jun 27, 2025 Sanyei Corporation, Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥823, the stock trades at a trailing P/E ratio of 6.3x. Average trailing P/E is 12x in the Retail Distributors industry in Japan. Total returns to shareholders of 137% over the past three years. New Risk • Apr 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 7.3% 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 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 (7.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥10.2b market cap, or US$72.6m). Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥1,080, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 12x in the Retail Distributors industry in Japan. Total returns to shareholders of 187% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥781, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 11x in the Retail Distributors industry in Japan. Total returns to shareholders of 107% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 13 June 2025. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.8%). Tillkännagivande • Mar 04
Sanyei Corporation to Report Fiscal Year 2025 Results on May 14, 2025 Sanyei Corporation announced that they will report fiscal year 2025 results on May 14, 2025 New Risk • Feb 08
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: 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. Market cap is less than US$100m (JP¥9.10b market cap, or US$60.1m). Reported Earnings • Nov 02
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: JP¥9.70b (up 11% from 2Q 2024). Net income: JP¥178.0m (down 35% from 2Q 2024). Profit margin: 1.8% (down from 3.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.7%). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks 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 (9.3% average weekly change). Market cap is less than US$100m (JP¥8.24b market cap, or US$58.6m). Buy Or Sell Opportunity • Aug 21
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to JP¥3,225. The fair value is estimated to be JP¥2,611, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥3,190, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 10x in the Retail Distributors industry in Japan. Total returns to shareholders of 68% over the past three years. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥358 (vs JP¥98.98 in 1Q 2024) First quarter 2025 results: EPS: JP¥358 (up from JP¥98.98 in 1Q 2024). Revenue: JP¥11.2b (up 34% from 1Q 2024). Net income: JP¥840.0m (up 254% from 1Q 2024). Profit margin: 7.5% (up from 2.8% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 02
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to JP¥3,330. The fair value is estimated to be JP¥2,723, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Meanwhile, the company has become profitable. New Risk • May 29
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 170% Dividend yield: 5.7% 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 (170% cash payout ratio). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥5.69b market cap, or US$36.2m). Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥226 (vs JP¥66.19 loss in FY 2023) Full year 2024 results: EPS: JP¥226 (up from JP¥66.19 loss in FY 2023). Revenue: JP¥36.7b (down 5.1% from FY 2023). Net income: JP¥538.0m (up JP¥696.0m from FY 2023). Profit margin: 1.5% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 16
Sanyei Corporation, Annual General Meeting, Jun 27, 2024 Sanyei Corporation, Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.4%). Tillkännagivande • Mar 02
Sanyei Corporation to Report Fiscal Year 2024 Results on May 14, 2024 Sanyei Corporation announced that they will report fiscal year 2024 results on May 14, 2024 New Risk • Feb 08
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 Share price has been volatile over the past 3 months (5.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥6.27b market cap, or US$42.0m). Reported Earnings • Feb 04
Third quarter 2024 earnings released: JP¥28.08 loss per share (vs JP¥46.43 profit in 3Q 2023) Third quarter 2024 results: JP¥28.08 loss per share (down from JP¥46.43 profit in 3Q 2023). Revenue: JP¥9.11b (down 13% from 3Q 2023). Net loss: JP¥67.0m (down 160% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥3,340, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 12x in the Retail Distributors industry in Japan. Total returns to shareholders of 62% over the past three years. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥113 (vs JP¥5.02 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥113 (up from JP¥5.02 loss in 2Q 2023). Revenue: JP¥8.72b (down 7.1% from 2Q 2023). Net income: JP¥273.0m (up JP¥285.0m from 2Q 2023). Profit margin: 3.1% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. New Risk • Oct 02
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 5.1% 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 Risk Earnings have declined by 38% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥5.31b market cap, or US$35.5m). Upcoming Dividend • Sep 21
Upcoming dividend of JP¥10.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.3%). Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥98.98 (vs JP¥114 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥98.98 (up from JP¥114 loss in 1Q 2023). Revenue: JP¥8.33b (down 5.6% from 1Q 2023). Net income: JP¥237.0m (up JP¥508.0m from 1Q 2023). Profit margin: 2.8% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Tillkännagivande • Jul 29
Sanyei Corporation (TSE:8119) announces an Equity Buyback for 80,000 shares, representing 3.13% for ¥200 million. Sanyei Corporation (TSE:8119) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 3.13% of the issued share capital, for a total consideration of ¥200 million. The purpose of the program is to implement a flexible capital policy in response to changes in the future business environment and enhancement of profit returns to shareholders. The repurchase program is valid till April 30, 2024. As of March 31, 2023, the company had 2,552,946 shares outstanding and 162,265 shares in treasury. Reported Earnings • May 18
Full year 2023 earnings released: JP¥66.19 loss per share (vs JP¥398 loss in FY 2022) Full year 2023 results: JP¥66.19 loss per share (improved from JP¥398 loss in FY 2022). Revenue: JP¥38.7b (up 14% from FY 2022). Net loss: JP¥158.0m (loss narrowed 83% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Tillkännagivande • May 14
Sanyei Corporation, Annual General Meeting, Jun 29, 2023 Sanyei Corporation, Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 14 June 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.4%). Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: JP¥46.43 (vs JP¥115 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥46.43 (up from JP¥115 loss in 3Q 2022). Revenue: JP¥10.5b (up 31% from 3Q 2022). Net income: JP¥111.0m (up JP¥385.0m from 3Q 2022). Profit margin: 1.1% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 20
Second quarter 2023 earnings released: JP¥5.02 loss per share (vs JP¥41.22 loss in 2Q 2022) Second quarter 2023 results: JP¥5.02 loss per share (improved from JP¥41.22 loss in 2Q 2022). Revenue: JP¥9.38b (up 13% from 2Q 2022). Net loss: JP¥12.0m (loss narrowed 88% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. 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. 2 independent directors (7 non-independent directors). Independent Outside Director Hiroshi Mizukami was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 30
Second quarter 2023 earnings released: JP¥5.02 loss per share (vs JP¥41.22 loss in 2Q 2022) Second quarter 2023 results: JP¥5.02 loss per share (improved from JP¥41.22 loss in 2Q 2022). Revenue: JP¥9.38b (up 13% from 2Q 2022). Net loss: JP¥12.0m (loss narrowed 88% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.5%). Reported Earnings • Jul 31
First quarter 2023 earnings released: JP¥114 loss per share (vs JP¥117 loss in 1Q 2022) First quarter 2023 results: JP¥114 loss per share (up from JP¥117 loss in 1Q 2022). Revenue: JP¥8.83b (up 11% from 1Q 2022). Net loss: JP¥271.0m (loss narrowed 2.2% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Reported Earnings • May 16
Full year 2022 earnings released: JP¥398 loss per share (vs JP¥303 loss in FY 2021) Full year 2022 results: JP¥398 loss per share (down from JP¥303 loss in FY 2021). Revenue: JP¥34.0b (up 2.8% from FY 2021). Net loss: JP¥945.0m (loss widened 32% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Tillkännagivande • May 15
Sanyei Corporation, Annual General Meeting, Jun 29, 2022 Sanyei Corporation, Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
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. 7 experienced directors. 3 highly experienced directors. 2 independent directors (8 non-independent directors). Independent Outside Director Hiroshi Mizukami was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 14 June 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.4%). Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥115 loss per share (down from JP¥32.94 profit in 3Q 2021). Revenue: JP¥8.04b (down 14% from 3Q 2021). Net loss: JP¥274.0m (down 451% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 31
Second quarter 2022 earnings released: JP¥41.22 loss per share (vs JP¥119 loss in 2Q 2021) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: JP¥8.31b (up 8.6% from 2Q 2021). Net loss: JP¥98.0m (loss narrowed 65% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (2.0%). Reported Earnings • Aug 02
First quarter 2022 earnings released: JP¥117 loss per share (vs JP¥217 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¥7.97b (up 20% from 1Q 2021). Net loss: JP¥277.0m (loss narrowed 46% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • May 20
Full year 2021 earnings released: JP¥303 loss per share (vs JP¥81.07 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¥33.1b (down 20% from FY 2020). Net loss: JP¥717.0m (down 475% 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 77 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 10 July 2021. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.8%). Is New 90 Day High Low • Mar 09
New 90-day high: JP¥2,215 The company is up 5.0% from its price of JP¥2,102 on 09 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Retail Distributors industry, which is up 4.0% over the same period. Reported Earnings • Feb 09
Third quarter 2021 earnings released: EPS JP¥32.94 (vs JP¥122 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥9.37b (down 13% from 3Q 2020). Net income: JP¥78.0m (down 73% from 3Q 2020). Profit margin: 0.8% (down from 2.7% in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥2,160 The company is up 6.0% from its price of JP¥2,042 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 Retail Distributors industry, which is down 1.0% over the same period. Is New 90 Day High Low • Dec 25
New 90-day low: JP¥2,000 The company is down 10.0% from its price of JP¥2,213 on 25 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is down 1.0% over the same period. Reported Earnings • Nov 18
Second quarter 2021 earnings released: JP¥119 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥7.65b (down 31% from 2Q 2020). Net loss: JP¥282.0m (down 309% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 93% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 01
First half earnings released Over the last 12 months the company has reported total losses of JP¥808.0m, with earnings decreasing by JP¥1.22b from the prior year. Total revenue was JP¥34.6b over the last 12 months, down 19% from the prior year.