Duyuru • Jan 24
Descente Ltd.(TSE:8114) dropped from FTSE All-World Index (USD) Descente Ltd.(TSE:8114) dropped from FTSE All-World Index (USD) Duyuru • Dec 27
Descente Ltd. to Delist from Prime Section of the Tokyo Stock Exchange, Effective January 24, 2025 Descente Ltd. will be delisted from Prime Section of the Tokyo Stock Exchange effective from January 24, 2025, due to Reverse stock split. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥46.31 (vs JP¥32.85 in 2Q 2024) Second quarter 2025 results: EPS: JP¥46.31 (up from JP¥32.85 in 2Q 2024). Revenue: JP¥35.3b (up 7.7% from 2Q 2024). Net income: JP¥3.50b (up 41% from 2Q 2024). Profit margin: 9.9% (up from 7.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Duyuru • Oct 31
BS Investment Corporation Completed the acquisition of remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders. BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion on August 5, 2024. A cash consideration of ¥182.62 billion will be paid by BS Investment Corporation at a price of ¥4,350 per share. The transaction is subject to minimum tender of 16,793,700 shares. The transaction is subject to approval of merger agreement by board of Descente and subject to antitrust regulations.
Nomura Securities Co., Ltd. acted as financial advisor for BS Investment Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor for BS Investment Corporation. Mori Hamada & Matsumoto LPC acted as legal advisor for Descente Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for Descente Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as financial advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as due diligence provider for Descente Ltd. Daiwa Securities Co. Ltd. acted as fairness opinion provider for Descente Ltd.
BS Investment Corporation Completed the acquisition of remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders on October 29, 2024. Duyuru • Sep 27
Descente Ltd. to Report Q2, 2025 Results on Nov 08, 2024 Descente Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 07
First quarter 2025 earnings released: EPS: JP¥36.26 (vs JP¥42.26 in 1Q 2024) First quarter 2025 results: EPS: JP¥36.26 (down from JP¥42.26 in 1Q 2024). Revenue: JP¥27.5b (up 1.2% from 1Q 2024). Net income: JP¥2.74b (down 14% from 1Q 2024). Profit margin: 10.0% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 06
BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion. BS Investment Corporation proposed to acquire remaining 55.6% stake in Descente Ltd. (TSE:8114) from a group of shareholders for approximately ¥180 billion on August 5, 2024. A cash consideration of ¥182.62 billion will be paid by BS Investment Corporation at a price of ¥4,350 per share.
The transaction is subject to minimum tender of 16,793,700 shares.
The transaction is subject to approval of merger agreement by board of Descente and subject to antitrust regulations.
Nomura Securities Co., Ltd. acted as financial advisor for BS Investment Corporation. Nagashima Ohno & Tsunematsu acted as legal advisor for BS Investment Corporation. Mori Hamada & Matsumoto LPC acted as legal advisor for Descente Ltd. Daiwa Securities Co. Ltd. acted as financial advisor for Descente Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as financial advisor for Descente Ltd. Plutus Consulting Co., Ltd. acted as due diligence provider for Descente Ltd. Daiwa Securities Co. Ltd. acted as fairness opinion provider for Descente Ltd. 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 JP¥3,365, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Luxury industry in Japan. Total returns to shareholders of 9.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,423 per share. Reported Earnings • Jun 16
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥159 (up from JP¥140 in FY 2023). Revenue: JP¥127.0b (up 5.3% from FY 2023). Net income: JP¥12.0b (up 14% from FY 2023). Profit margin: 9.5% (in line with FY 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 13
Descente Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Descente Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Buy Or Sell Opportunity • May 17
Now 22% undervalued Over the last 90 days, the stock has risen 6.8% to JP¥3,445. The fair value is estimated to be JP¥4,408, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has grown by 21%. For the next 3 years, revenue is forecast to grow by 3.8% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Reported Earnings • May 16
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥159 (up from JP¥140 in FY 2023). Revenue: JP¥127.0b (up 5.3% from FY 2023). Net income: JP¥12.0b (up 14% from FY 2023). Profit margin: 9.5% (in line with FY 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 5.0%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 24% per year. Duyuru • May 15
Descente Ltd., Annual General Meeting, Jun 13, 2024 Descente Ltd., Annual General Meeting, Jun 13, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥44.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.7%). Buy Or Sell Opportunity • Mar 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.7% to JP¥3,485. The fair value is estimated to be JP¥4,423, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Duyuru • Mar 02
Descente Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Descente Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥35.37 (vs JP¥66.75 in 3Q 2023) Third quarter 2024 results: EPS: JP¥35.37 (down from JP¥66.75 in 3Q 2023). Revenue: JP¥30.1b (up 4.2% from 3Q 2023). Net income: JP¥2.67b (down 47% from 3Q 2023). Profit margin: 8.9% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Dec 05
Now 21% undervalued Over the last 90 days, the stock is up 10%. The fair value is estimated to be JP¥5,094, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Duyuru • Nov 17
Descente Ltd. to Report Q3, 2024 Results on Feb 05, 2024 Descente Ltd. announced that they will report Q3, 2024 results on Feb 05, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥32.85 (vs JP¥36.81 in 2Q 2023) Second quarter 2024 results: EPS: JP¥32.85 (down from JP¥36.81 in 2Q 2023). Revenue: JP¥32.8b (up 6.6% from 2Q 2023). Net income: JP¥2.48b (down 11% from 2Q 2023). Profit margin: 7.6% (down from 9.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Price Target Changed • Sep 21
Price target increased by 8.3% to JP¥5,633 Up from JP¥5,200, the current price target is an average from 3 analysts. New target price is 45% above last closing price of JP¥3,885. Stock is up 11% over the past year. The company is forecast to post earnings per share of JP¥172 for next year compared to JP¥140 last year. Duyuru • Aug 27
Descente Ltd. to Report Q2, 2024 Results on Nov 07, 2023 Descente Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥42.26 (vs JP¥31.17 in 1Q 2023) First quarter 2024 results: EPS: JP¥42.26 (up from JP¥31.17 in 1Q 2023). Revenue: JP¥27.2b (up 2.8% from 1Q 2023). Net income: JP¥3.19b (up 36% from 1Q 2023). Profit margin: 12% (up from 8.9% in 1Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 28
Descente Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Descente Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • Jun 18
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥140 (up from JP¥82.53 in FY 2022). Revenue: JP¥120.6b (up 11% from FY 2022). Net income: JP¥10.6b (up 69% from FY 2022). Profit margin: 8.7% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Luxury industry in Japan. 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 39% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 19
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥140 (up from JP¥82.53 in FY 2022). Revenue: JP¥120.6b (up 11% from FY 2022). Net income: JP¥10.6b (up 69% from FY 2022). Profit margin: 8.7% (up from 5.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) also missed analyst estimates by 12%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Luxury industry in Japan. 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 44% per year, which means it is significantly lagging earnings growth. Duyuru • May 17
Descente Ltd., Annual General Meeting, Jun 15, 2023 Descente Ltd., Annual General Meeting, Jun 15, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 19 June 2023. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.9%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥66.75 (vs JP¥32.66 in 3Q 2022) Third quarter 2023 results: EPS: JP¥66.75 (up from JP¥32.66 in 3Q 2022). Revenue: JP¥28.9b (up 8.0% from 3Q 2022). Net income: JP¥5.04b (up 105% from 3Q 2022). Profit margin: 17% (up from 9.2% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 21
Descente Ltd. to Report Q3, 2023 Results on Feb 06, 2023 Descente Ltd. announced that they will report Q3, 2023 results on Feb 06, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥36.81 (vs JP¥17.94 in 2Q 2022) Second quarter 2023 results: EPS: JP¥36.81 (up from JP¥17.94 in 2Q 2022). Revenue: JP¥30.8b (up 12% from 2Q 2022). Net income: JP¥2.78b (up 105% from 2Q 2022). Profit margin: 9.0% (up from 4.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. 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. 8 experienced directors. 1 highly experienced director. 2 independent directors (4 non-independent directors). Senior Managing Executive Officer & Director Hoon-Do Kim was the last director to join the board, commencing their role in 2014. 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 • Nov 09
Second quarter 2023 earnings released: EPS: JP¥36.81 (vs JP¥17.94 in 2Q 2022) Second quarter 2023 results: EPS: JP¥36.81 (up from JP¥17.94 in 2Q 2022). Revenue: JP¥30.8b (up 12% from 2Q 2022). Net income: JP¥2.78b (up 105% from 2Q 2022). Profit margin: 9.0% (up from 4.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Luxury industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 01
Descente Ltd. to Report Q2, 2023 Results on Nov 07, 2022 Descente Ltd. announced that they will report Q2, 2023 results on Nov 07, 2022 Duyuru • Aug 10
Descente Ltd. (TSE:8114) agreed to acquire additional 10% stake in le coq sportif(Ningbo)co., ltd. from Zhejiang Trade Zone Sheng Rong Clothing Co., Ltd. for CNY 182 million. Descente Ltd. (TSE:8114) agreed to acquire additional 10% stake in le coq sportif(Ningbo)co., ltd. from Zhejiang Trade Zone Sheng Rong Clothing Co., Ltd. for CNY 182 million on August 8, 2022. For the year ended December 2021, the Total Assets were CNY 374 million, Net Worth was CNy 187 million, Sales were CNY 466 million, Operating Income was CNY 16 million and Net Income was CNY 12 million. Transaction is expected to close on October 1, 2022. Reported Earnings • Aug 09
First quarter 2023 earnings released: EPS: JP¥31.17 (vs JP¥15.02 in 1Q 2022) First quarter 2023 results: EPS: JP¥31.17 (up from JP¥15.02 in 1Q 2022). Revenue: JP¥26.4b (up 18% from 1Q 2022). Net income: JP¥2.35b (up 108% from 1Q 2022). Profit margin: 8.9% (up from 5.0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.6%, compared to a 9.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 29
Descente Ltd. (TSE:8114) completed the acquisition of 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng (Shanghai) Apparel and Accessory Trading Co., Ltd. Descente Ltd. (TSE:8114) entered into an agreement to acquire a 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng (Shanghai) Apparel and Accessory Trading Co., Ltd. for CNY 22.1 million on January 7, 2022. Net asset value of Arena Shanghai as of September 30, 2021 was approximately CNY 39.44 million. The deal is expected to complete on April 1, 2022. As on April 28, 2022, Transaction Long stop date as been extended to June 30, 2022.
Descente Ltd. (TSE:8114) completed the acquisition of 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng (Shanghai) Apparel and Accessory Trading Co., Ltd. on June 27, 2022. Reported Earnings • Jun 20
Full year 2022 earnings released: EPS: JP¥82.53 (vs JP¥66.79 in FY 2021) Full year 2022 results: EPS: JP¥82.53 (up from JP¥66.79 in FY 2021). Revenue: JP¥108.9b (up 12% from FY 2021). Net income: JP¥6.23b (up 24% from FY 2021). Profit margin: 5.7% (up from 5.2% in FY 2021). Over the next year, revenue is forecast to grow 6.0%, compared to a 9.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 15
Descente Ltd. to Report Q1, 2023 Results on Aug 08, 2022 Descente Ltd. announced that they will report Q1, 2023 results on Aug 08, 2022 Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥2,770, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 18x in the Luxury industry in Japan. Total returns to shareholders of 44% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥2,774, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 17x in the Luxury industry in Japan. Total returns to shareholders of 50% over the past three years. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥82.53 (vs JP¥66.79 in FY 2021) Full year 2022 results: EPS: JP¥82.53 (up from JP¥66.79 in FY 2021). Revenue: JP¥108.9b (up 12% from FY 2021). Net income: JP¥6.23b (up 24% from FY 2021). Profit margin: 5.7% (up from 5.2% in FY 2021). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Duyuru • May 14
Descente Ltd., Annual General Meeting, Jun 16, 2022 Descente Ltd., Annual General Meeting, Jun 16, 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. 9 experienced directors. No highly experienced directors. 1 independent director (5 non-independent directors). Senior Managing Executive Officer & Director Hoon-Do Kim was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Apr 08
Descente Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 Descente Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥2,981, the stock trades at a trailing P/E ratio of 43.6x. Average trailing P/E is 13x in the Luxury industry in Japan. Total returns to shareholders of 5.5% over the past three years. Reported Earnings • Feb 08
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥32.66 (down from JP¥80.75 in 3Q 2021). Revenue: JP¥26.8b (up 13% from 3Q 2021). Net income: JP¥2.47b (down 60% from 3Q 2021). Profit margin: 9.2% (down from 26% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 09
Descente Ltd. (TSE:8114) entered into an agreement to acquire a 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng Apparel and Accessory Trading Co., for CNY 22.1 million. Descente Ltd. (TSE:8114) entered into an agreement to acquire a 70% stake in Arena (Shanghai) Industrial Co. Limited from Tian Feng Apparel and Accessory Trading Co., for CNY 22.1 million on January 7, 2022. Net asset value of Arena Shanghai as of September 30, 2021 was approximately CNY 39.44 million. Reported Earnings • Nov 07
Second quarter 2022 earnings released: EPS JP¥17.94 (vs JP¥9.98 in 2Q 2021) The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥27.4b (flat on 2Q 2021). Net income: JP¥1.35b (up 80% from 2Q 2021). Profit margin: 4.9% (up from 2.8% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥3,730, the stock trades at a trailing P/E ratio of 34.4x. Average trailing P/E is 15x in the Luxury industry in Japan. Total returns to shareholders of 83% over the past three years. Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS JP¥15.02 (vs JP¥26.75 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥22.5b (up 45% from 1Q 2021). Net income: JP¥1.13b (up JP¥3.15b from 1Q 2021). Profit margin: 5.0% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Reported Earnings • Jun 21
Full year 2021 earnings released: EPS JP¥66.79 (vs JP¥32.89 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥96.9b (down 22% from FY 2020). Net income: JP¥5.04b (up JP¥7.52b from FY 2020). Profit margin: 5.2% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥2,251, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 19x in the Luxury industry in Japan. Total returns to shareholders of 7.8% over the past three years. Reported Earnings • May 19
Full year 2021 earnings released: EPS JP¥66.79 (vs JP¥32.89 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥96.9b (down 22% from FY 2020). Net income: JP¥5.04b (up JP¥7.52b from FY 2020). Profit margin: 5.2% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Duyuru • Mar 04
Descente Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 Descente Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥80.75 (vs JP¥5.83 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥23.7b (down 12% from 3Q 2020). Net income: JP¥6.09b (up JP¥6.53b from 3Q 2020). Profit margin: 26% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 08
New 90-day high: JP¥1,935 The company is up 17% from its price of JP¥1,648 on 09 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Luxury industry, which is flat over the same period. Is New 90 Day High Low • Dec 21
New 90-day high: JP¥1,922 The company is up 6.0% from its price of JP¥1,811 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Luxury industry, which is up 3.0% over the same period. Duyuru • Nov 29
Descente Ltd. to Report Q3, 2021 Results on Feb 05, 2021 Descente Ltd. announced that they will report Q3, 2021 results on Feb 05, 2021 Duyuru • Nov 25
Descente to Be Deleted from Other OTC Descente Ltd.’s SHS (Japan) will be deleted from other OTC effective November 24, 2020. The deletion is due to Inactive Security. Duyuru • Oct 10
Descente Ltd. to Report Q2, 2021 Results on Nov 06, 2020 Descente Ltd. announced that they will report Q2, 2021 results on Nov 06, 2020 Duyuru • Jun 28
Descente Ltd. to Report Q1, 2021 Results on Aug 05, 2020 Descente Ltd. announced that they will report Q1, 2021 results on Aug 05, 2020