New Risk • May 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.9% Last year net profit margin: 4.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.9% net profit margin). Reported Earnings • May 18
Full year 2026 earnings released: EPS: JP¥26.12 (vs JP¥55.77 in FY 2025) Full year 2026 results: EPS: JP¥26.12 (down from JP¥55.77 in FY 2025). Revenue: JP¥26.4b (flat on FY 2025). Net income: JP¥504.0m (down 53% from FY 2025). Profit margin: 1.9% (down from 4.1% in FY 2025). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • May 14
Chimney Co., Ltd., Annual General Meeting, Jun 23, 2026 Chimney Co., Ltd., Annual General Meeting, Jun 23, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 18 June 2026. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (0.9%). Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥21.77 (vs JP¥21.67 in 3Q 2025) Third quarter 2026 results: EPS: JP¥21.77 (up from JP¥21.67 in 3Q 2025). Revenue: JP¥7.13b (up 1.0% from 3Q 2025). Net income: JP¥420.0m (flat on 3Q 2025). Profit margin: 5.9% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 29
Chimney Co., Ltd. to Report Q3, 2026 Results on Feb 10, 2026 Chimney Co., Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: JP¥1.97 (vs JP¥5.91 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥1.97 (up from JP¥5.91 loss in 2Q 2025). Revenue: JP¥6.40b (up 1.4% from 2Q 2025). Net income: JP¥38.0m (up JP¥152.0m from 2Q 2025). Profit margin: 0.6% (up from net loss in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 23% but the company is paying out more than the cash it is generating. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (0.8%). Duyuru • Sep 01
Chimney Co., Ltd. to Report Q2, 2026 Results on Nov 13, 2025 Chimney Co., Ltd. announced that they will report Q2, 2026 results on Nov 13, 2025 Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: JP¥3.27 (vs JP¥15.03 in 1Q 2025) First quarter 2026 results: EPS: JP¥3.27 (down from JP¥15.03 in 1Q 2025). Revenue: JP¥6.37b (down 1.3% from 1Q 2025). Net income: JP¥63.0m (down 78% from 1Q 2025). Profit margin: 1.0% (down from 4.5% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 21
Full year 2025 earnings released: EPS: JP¥55.77 (vs JP¥48.62 in FY 2024) Full year 2025 results: EPS: JP¥55.77 (up from JP¥48.62 in FY 2024). Revenue: JP¥26.2b (up 1.9% from FY 2024). Net income: JP¥1.08b (up 15% from FY 2024). Profit margin: 4.1% (up from 3.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 04
Chimney Co., Ltd. to Report Q1, 2026 Results on Aug 12, 2025 Chimney Co., Ltd. announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • May 18
Full year 2025 earnings released: EPS: JP¥55.77 (vs JP¥48.62 in FY 2024) Full year 2025 results: EPS: JP¥55.77 (up from JP¥48.62 in FY 2024). Revenue: JP¥26.2b (up 1.9% from FY 2024). Net income: JP¥1.08b (up 15% from FY 2024). Profit margin: 4.1% (up from 3.6% in FY 2024). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • May 14
Chimney Co., Ltd., Annual General Meeting, Jun 17, 2025 Chimney Co., Ltd., Annual General Meeting, Jun 17, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 19 June 2025. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (0.8%). Duyuru • Mar 05
Chimney Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Chimney Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥21.67 (vs JP¥28.40 in 3Q 2024) Third quarter 2025 results: EPS: JP¥21.67 (down from JP¥28.40 in 3Q 2024). Revenue: JP¥7.06b (up 1.6% from 3Q 2024). Net income: JP¥418.0m (down 24% from 3Q 2024). Profit margin: 5.9% (down from 7.9% in 3Q 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 03
Chimney Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 Chimney Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 16
Second quarter 2025 earnings released: JP¥5.91 loss per share (vs JP¥3.16 profit in 2Q 2024) Second quarter 2025 results: JP¥5.91 loss per share (down from JP¥3.16 profit in 2Q 2024). Revenue: JP¥6.31b (flat on 2Q 2024). Net loss: JP¥114.0m (down 287% from profit in 2Q 2024). Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • Aug 27
Chimney Co., Ltd. to Report Q2, 2025 Results on Nov 12, 2024 Chimney Co., Ltd. announced that they will report Q2, 2025 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,138, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Hospitality industry in Japan. Total loss to shareholders of 14% over the past three years. Duyuru • Jul 05
Chimney Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 Chimney Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • Jun 21
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥48.62 (up from JP¥104 loss in FY 2023). Revenue: JP¥25.7b (up 28% from FY 2023). Net income: JP¥938.0m (up JP¥2.95b from FY 2023). Profit margin: 3.6% (up from net loss in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • May 18
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥48.62 (up from JP¥104 loss in FY 2023). Revenue: JP¥25.7b (up 28% from FY 2023). Net income: JP¥938.0m (up JP¥2.95b from FY 2023). Profit margin: 3.6% (up from net loss in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.4%. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • May 16
Chimney Co., Ltd., Annual General Meeting, Jun 18, 2024 Chimney Co., Ltd., Annual General Meeting, Jun 18, 2024. Duyuru • Mar 02
Chimney Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Chimney Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥28.40 (vs JP¥7.93 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥28.40 (up from JP¥7.93 loss in 3Q 2023). Revenue: JP¥6.95b (up 22% from 3Q 2023). Net income: JP¥548.0m (up JP¥701.0m from 3Q 2023). Profit margin: 7.9% (up from net loss in 3Q 2023). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 26
Chimney Co., Ltd. to Report Q3, 2024 Results on Feb 08, 2024 Chimney Co., Ltd. announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥3.16 (vs JP¥51.94 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥3.16 (up from JP¥51.94 loss in 2Q 2023). Revenue: JP¥6.28b (up 46% from 2Q 2023). Net income: JP¥61.0m (up JP¥1.06b from 2Q 2023). Profit margin: 1.0% (up from net loss in 2Q 2023). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 78% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 28
Chimney Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023 Chimney Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥7.57 (vs JP¥30.12 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥7.57 (up from JP¥30.12 loss in 1Q 2023). Revenue: JP¥6.07b (up 35% from 1Q 2023). Net income: JP¥146.0m (up JP¥727.0m from 1Q 2023). Profit margin: 2.4% (up from net loss in 1Q 2023). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 23
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: JP¥104 loss per share (down from JP¥63.60 profit in FY 2022). Revenue: JP¥20.2b (up 99% from FY 2022). Net loss: JP¥2.02b (down 264% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.1%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Jun 10
Chimney Co., Ltd. to Report Q1, 2024 Results on Aug 09, 2023 Chimney Co., Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 15
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: JP¥104 loss per share (down from JP¥63.60 profit in FY 2022). Revenue: JP¥20.2b (up 99% from FY 2022). Net loss: JP¥2.02b (down 264% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.1%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • May 13
Chimney Co., Ltd., Annual General Meeting, Jun 20, 2023 Chimney Co., Ltd., Annual General Meeting, Jun 20, 2023. Reported Earnings • Feb 12
Third quarter 2023 earnings released: JP¥7.93 loss per share (vs JP¥12.08 loss in 3Q 2022) Third quarter 2023 results: JP¥7.93 loss per share (improved from JP¥12.08 loss in 3Q 2022). Revenue: JP¥5.69b (up 26% from 3Q 2022). Net loss: JP¥153.0m (loss narrowed 34% from 3Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Duyuru • Nov 27
Chimney Co., Ltd. to Report Q3, 2023 Results on Feb 09, 2023 Chimney Co., Ltd. announced that they will report Q3, 2023 results on Feb 09, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: JP¥51.94 loss per share (vs JP¥33.12 profit in 2Q 2022) Second quarter 2023 results: JP¥51.94 loss per share (down from JP¥33.12 profit in 2Q 2022). Revenue: JP¥4.31b (up 217% from 2Q 2022). Net loss: JP¥1.00b (down 257% from profit in 2Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Second quarter 2023 earnings released: JP¥51.94 loss per share (vs JP¥33.12 profit in 2Q 2022) Second quarter 2023 results: JP¥51.94 loss per share (down from JP¥33.12 profit in 2Q 2022). Revenue: JP¥4.31b (up 217% from 2Q 2022). Net loss: JP¥1.00b (down 257% from profit in 2Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Duyuru • Sep 28
Chimney Co., Ltd. to Report Q2, 2023 Results on Nov 10, 2022 Chimney Co., Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: JP¥30.12 loss per share (vs JP¥60.96 profit in 1Q 2022) First quarter 2023 results: JP¥30.12 loss per share (down from JP¥60.96 profit in 1Q 2022). Revenue: JP¥4.49b (up 187% from 1Q 2022). Net loss: JP¥581.0m (down 149% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 100%, compared to a 38% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 24
Full year 2022 earnings released: EPS: JP¥63.60 (vs JP¥468 loss in FY 2021) Full year 2022 results: EPS: JP¥63.60 (up from JP¥468 loss in FY 2021). Revenue: JP¥10.1b (down 24% from FY 2021). Net income: JP¥1.23b (up JP¥10.2b from FY 2021). Profit margin: 12% (up from net loss in FY 2021). Over the next year, revenue is forecast to grow 138%, compared to a 47% growth forecast for the restaurants industry in Japan. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Duyuru • May 30
Chimney Co., Ltd. to Report Q1, 2023 Results on Aug 09, 2022 Chimney Co., Ltd. announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • May 13
Full year 2022 earnings released: EPS: JP¥63.60 (vs JP¥468 loss in FY 2021) Full year 2022 results: EPS: JP¥63.60 (up from JP¥468 loss in FY 2021). Revenue: JP¥10.1b (down 24% from FY 2021). Net income: JP¥1.23b (up JP¥10.2b from FY 2021). Profit margin: 12% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Duyuru • May 13
Chimney Co., Ltd., Annual General Meeting, Jun 21, 2022 Chimney Co., Ltd., Annual General Meeting, Jun 21, 2022. Duyuru • Apr 07
Chimney Co., Ltd. to Report Fiscal Year 2022 Results on May 11, 2022 Chimney Co., Ltd. announced that they will report fiscal year 2022 results on May 11, 2022 Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥12.08 loss per share (up from JP¥178 loss in 3Q 2021). Revenue: JP¥4.51b (down 7.3% from 3Q 2021). Net loss: JP¥233.0m (loss narrowed 93% from 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 47 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥33.12 (vs JP¥83.13 loss in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥1.36b (down 66% from 2Q 2021). Net income: JP¥639.0m (up JP¥2.24b from 2Q 2021). Profit margin: 47% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 27
Full year 2021 earnings released: JP¥468 loss per share (vs JP¥146 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¥13.2b (down 68% from FY 2020). Net loss: JP¥9.00b (loss widened 220% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Reported Earnings • May 15
Full year 2021 earnings released: JP¥468 loss per share (vs JP¥146 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¥13.2b (down 68% from FY 2020). Net loss: JP¥9.00b (loss widened 220% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 24
New 90-day high: JP¥1,443 The company is up 16% from its price of JP¥1,239 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 6.0% over the same period. Reported Earnings • Feb 17
Third quarter 2021 earnings released: JP¥178 loss per share (vs JP¥2.81 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥4.86b (down 57% from 3Q 2020). Net loss: JP¥3.42b (down JP¥3.48b from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 05
New 90-day high: JP¥1,382 The company is up 12% from its price of JP¥1,235 on 06 November 2020. The Japanese market is also up 12% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Hospitality industry, which is up 8.0% over the same period. Duyuru • Jan 30
Chimney Co., Ltd. to Report Q3, 2021 Results on Feb 15, 2021 Chimney Co., Ltd. announced that they will report Q3, 2021 results on Feb 15, 2021 Is New 90 Day High Low • Jan 04
New 90-day low: JP¥1,098 The company is down 20% from its price of JP¥1,366 on 06 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 6.0% over the same period. Is New 90 Day High Low • Dec 17
New 90-day low: JP¥1,216 The company is down 18% from its price of JP¥1,479 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 9.0% over the same period. Duyuru • Oct 08
Chimney Co., Ltd. to Report Q2, 2021 Results on Nov 06, 2020 Chimney Co., Ltd. announced that they will report Q2, 2021 results on Nov 06, 2020 Duyuru • Sep 21
Chimney Co., Ltd.(TSE:3178) dropped from S&P Global BMI Index Chimney Co., Ltd.(TSE:3178) dropped from S&P Global BMI Index Duyuru • Jul 18
Chimney Co., Ltd. to Report Q1, 2021 Results on Aug 13, 2020 Chimney Co., Ltd. announced that they will report Q1, 2021 results on Aug 13, 2020