Duyuru • Jul 29
Balnibarbi Co.,Ltd. to Report Fiscal Year 2026 Results on Sep 14, 2026 Balnibarbi Co.,Ltd. announced that they will report fiscal year 2026 results on Sep 14, 2026 Upcoming Dividend • Jul 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 July 2026. Payment date: 30 October 2026. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (0.9%). Reported Earnings • Jun 15
Third quarter 2026 earnings released: EPS: JP¥2.68 (vs JP¥14.66 in 3Q 2025) Third quarter 2026 results: EPS: JP¥2.68 (down from JP¥14.66 in 3Q 2025). Revenue: JP¥3.69b (up 3.4% from 3Q 2025). Net income: JP¥29.0m (down 82% from 3Q 2025). Profit margin: 0.8% (down from 4.4% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% 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 fallen by 22% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 14
Second quarter 2026 earnings released: EPS: JP¥2.87 (vs JP¥4.18 in 2Q 2025) Second quarter 2026 results: EPS: JP¥2.87 (down from JP¥4.18 in 2Q 2025). Revenue: JP¥3.64b (up 6.2% from 2Q 2025). Net income: JP¥31.0m (down 31% from 2Q 2025). Profit margin: 0.9% (down from 1.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • Jan 22
Upcoming dividend of JP¥2.50 per share Eligible shareholders must have bought the stock before 29 January 2026. Payment date: 13 April 2026. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (0.9%). Reported Earnings • Dec 16
First quarter 2026 earnings released: EPS: JP¥10.10 (vs JP¥8.73 in 1Q 2025) First quarter 2026 results: EPS: JP¥10.10 (up from JP¥8.73 in 1Q 2025). Revenue: JP¥3.76b (up 6.3% from 1Q 2025). Net income: JP¥109.0m (up 38% from 1Q 2025). Profit margin: 2.9% (up from 2.2% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.0% p.a. on average during the next 3 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 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 02
Balnibarbi Co.,Ltd. to Report Q1, 2026 Results on Dec 12, 2025 Balnibarbi Co.,Ltd. announced that they will report Q1, 2026 results on Dec 12, 2025 Major Estimate Revision • Sep 26
Consensus EPS estimates fall by 45% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥15.4b to JP¥15.1b. EPS estimate also fell from JP¥57.40 per share to JP¥31.50 per share. Net income forecast to shrink 21% next year vs 14% growth forecast for Hospitality industry in Japan . Consensus price target of JP¥1,400 unchanged from last update. Share price was steady at JP¥1,143 over the past week. Reported Earnings • Sep 14
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥41.36 (down from JP¥60.75 in FY 2024). Revenue: JP¥14.3b (up 6.6% from FY 2024). Net income: JP¥428.0m (down 20% from FY 2024). Profit margin: 3.0% (down from 4.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 8.9% p.a. on average during the next 2 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 18% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 12
Balnibarbi Co.,Ltd., Annual General Meeting, Oct 25, 2025 Balnibarbi Co.,Ltd., Annual General Meeting, Oct 25, 2025. Duyuru • Jul 30
Balnibarbi Co.,Ltd. to Report Fiscal Year 2025 Results on Sep 12, 2025 Balnibarbi Co.,Ltd. announced that they will report fiscal year 2025 results on Sep 12, 2025 Upcoming Dividend • Jul 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 July 2025. Payment date: 30 October 2025. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.9%). Lower than average of industry peers (0.8%). Reported Earnings • Jun 16
Third quarter 2025 earnings released: EPS: JP¥14.66 (vs JP¥18.41 in 3Q 2024) Third quarter 2025 results: EPS: JP¥14.66 (down from JP¥18.41 in 3Q 2024). Revenue: JP¥3.57b (up 6.8% from 3Q 2024). Net income: JP¥158.0m (down 3.1% from 3Q 2024). Profit margin: 4.4% (down from 4.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.4% 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 26% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 29
Balnibarbi Co.,Ltd. to Report Q3, 2025 Results on Jun 13, 2025 Balnibarbi Co.,Ltd. announced that they will report Q3, 2025 results on Jun 13, 2025 Reported Earnings • Mar 15
Second quarter 2025 earnings released: EPS: JP¥4.18 (vs JP¥12.19 in 2Q 2024) Second quarter 2025 results: EPS: JP¥4.18 (down from JP¥12.19 in 2Q 2024). Revenue: JP¥3.42b (up 5.1% from 2Q 2024). Net income: JP¥45.0m (down 58% from 2Q 2024). Profit margin: 1.3% (down from 3.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 29
Balnibarbi Co.,Ltd. to Report Q2, 2025 Results on Mar 14, 2025 Balnibarbi Co.,Ltd. announced that they will report Q2, 2025 results on Mar 14, 2025 Upcoming Dividend • Jan 23
Upcoming dividend of JP¥2.50 per share Eligible shareholders must have bought the stock before 30 January 2025. Payment date: 14 April 2025. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (0.8%). Major Estimate Revision • Dec 20
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥62.10 to JP¥51.70. Revenue forecast unchanged from JP¥14.5b at last update. Net income forecast to grow 43% next year vs 17% growth forecast for Hospitality industry in Japan. Consensus price target down from JP¥1,800 to JP¥1,400. Share price was steady at JP¥1,037 over the past week. New Risk • Dec 16
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: 2.9% Last year net profit margin: 6.6% 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 Profit margins are more than 30% lower than last year (2.9% net profit margin). Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (JP¥11.1b market cap, or US$72.5m). Reported Earnings • Dec 16
First quarter 2025 earnings released: EPS: JP¥8.73 (vs JP¥24.84 in 1Q 2024) First quarter 2025 results: EPS: JP¥8.73 (down from JP¥24.84 in 1Q 2024). Revenue: JP¥3.54b (up 7.6% from 1Q 2024). Net income: JP¥79.0m (down 64% from 1Q 2024). Profit margin: 2.2% (down from 6.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Nov 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (JP¥12.5b market cap, or US$80.3m). Major Estimate Revision • Oct 08
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥14.9b to JP¥14.5b. EPS estimate also fell from JP¥71.10 per share to JP¥62.10 per share. Net income forecast to grow 2.2% next year vs 13% growth forecast for Hospitality industry in Japan. Consensus price target down from JP¥2,000 to JP¥1,800. Share price fell 2.2% to JP¥1,306 over the past week. Duyuru • Sep 28
Balnibarbi Co.,Ltd. to Report Q1, 2025 Results on Dec 13, 2024 Balnibarbi Co.,Ltd. announced that they will report Q1, 2025 results on Dec 13, 2024 Reported Earnings • Sep 17
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥60.75 (down from JP¥75.99 in FY 2023). Revenue: JP¥13.5b (flat on FY 2023). Net income: JP¥538.0m (down 20% from FY 2023). Profit margin: 4.0% (down from 5.0% in FY 2023). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) also surpassed analyst estimates by 7.6%. Revenue is forecast to grow 9.9% p.a. on average during the next 2 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 66% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 13
Balnibarbi Co.,Ltd., Annual General Meeting, Oct 29, 2024 Balnibarbi Co.,Ltd., Annual General Meeting, Oct 29, 2024. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,200, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 21x in the Hospitality industry in Japan. Total returns to shareholders of 18% over the past three years. Duyuru • Jul 24
Balnibarbi Co.,Ltd. to Report Fiscal Year 2024 Results on Sep 13, 2024 Balnibarbi Co.,Ltd. announced that they will report fiscal year 2024 results on Sep 13, 2024 Upcoming Dividend • Jul 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 July 2024. Payment date: 28 October 2024. Payout ratio is a comfortable 8.5% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (0.7%). Buy Or Sell Opportunity • Jul 08
Now 20% undervalued Over the last 90 days, the stock has risen 4.1% to JP¥1,435. The fair value is estimated to be JP¥1,794, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 70%. Revenue is forecast to grow by 21% in 2 years. Earnings are forecast to grow by 39% in the next 2 years. Price Target Changed • Jun 25
Price target decreased by 9.1% to JP¥2,000 Down from JP¥2,200, the current price target is provided by 1 analyst. New target price is 42% above last closing price of JP¥1,409. Stock is down 0.3% over the past year. The company is forecast to post earnings per share of JP¥56.50 for next year compared to JP¥75.99 last year. Reported Earnings • Jun 17
Third quarter 2024 earnings released: EPS: JP¥18.41 (vs JP¥0.11 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥18.41 (up from JP¥0.11 loss in 3Q 2023). Revenue: JP¥3.34b (up 14% from 3Q 2023). Net income: JP¥163.0m (up JP¥164.0m from 3Q 2023). Profit margin: 4.9% (up from 0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% 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 70% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 01
Balnibarbi Co.,Ltd. to Report Q3, 2024 Results on Jun 13, 2024 Balnibarbi Co.,Ltd. announced that they will report Q3, 2024 results on Jun 13, 2024 Reported Earnings • Mar 17
Second quarter 2024 earnings released: EPS: JP¥12.19 (vs JP¥75.54 in 2Q 2023) Second quarter 2024 results: EPS: JP¥12.19 (down from JP¥75.54 in 2Q 2023). Revenue: JP¥3.26b (down 24% from 2Q 2023). Net income: JP¥108.0m (down 84% from 2Q 2023). Profit margin: 3.3% (down from 16% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 07
Now 21% undervalued Over the last 90 days, the stock has risen 1.8% to JP¥1,245. The fair value is estimated to be JP¥1,585, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 9.1% in 2 years. Earnings are forecast to decline by 28% in the next 2 years. Upcoming Dividend • Jan 23
Upcoming dividend of JP¥2.50 per share at 0.6% yield Eligible shareholders must have bought the stock before 30 January 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 7.2% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (0.5%). Buy Or Sell Opportunity • Jan 21
Now 20% undervalued Over the last 90 days, the stock has risen 12% to JP¥1,254. The fair value is estimated to be JP¥1,568, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 9.1% in 2 years. Earnings are forecast to decline by 28% in the next 2 years. Buying Opportunity • Jan 16
Now 20% undervalued Over the last 90 days, the stock is up 9.1%. The fair value is estimated to be JP¥1,558, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 9.1% in 2 years. Earnings is forecast to decline by 28% in the next 2 years. Duyuru • Jan 15
Balnibarbi Co.,Ltd. to Report Q2, 2024 Results on Mar 14, 2024 Balnibarbi Co.,Ltd. announced that they will report Q2, 2024 results on Mar 14, 2024 Reported Earnings • Dec 16
First quarter 2024 earnings released: EPS: JP¥24.84 (vs JP¥3.16 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥24.84 (up from JP¥3.16 loss in 1Q 2023). Revenue: JP¥3.29b (up 19% from 1Q 2023). Net income: JP¥220.0m (up JP¥248.0m from 1Q 2023). Profit margin: 6.7% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 28
Balnibarbi Co.,Ltd. to Report Q1, 2024 Results on Dec 14, 2023 Balnibarbi Co.,Ltd. announced that they will report Q1, 2024 results on Dec 14, 2023 New Risk • Oct 10
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 16% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). High level of non-cash earnings (20% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Market cap is less than US$100m (JP¥11.9b market cap, or US$79.7m). Major Estimate Revision • Oct 05
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥14.6b to JP¥13.1b. EPS estimate fell from JP¥96.00 to JP¥49.70 per share. Net income forecast to shrink 35% next year vs 21% growth forecast for Hospitality industry in Japan . Consensus price target down from JP¥2,200 to JP¥2,000. Share price fell 6.4% to JP¥1,329 over the past week. Buying Opportunity • Oct 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be JP¥1,694, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 7.1% per annum. Earnings is also forecast to grow by 7.2% per annum over the same time period. Reported Earnings • Sep 16
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥75.99 (up from JP¥14.30 in FY 2022). Revenue: JP¥13.4b (up 34% from FY 2022). Net income: JP¥673.0m (up 447% from FY 2022). Profit margin: 5.0% (up from 1.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.2%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.6% 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 only increased by 17% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 16
Balnibarbi Co.,Ltd., Annual General Meeting, Oct 25, 2023 Balnibarbi Co.,Ltd., Annual General Meeting, Oct 25, 2023. Duyuru • Aug 01
Balnibarbi Co.,Ltd. to Report Fiscal Year 2023 Results on Sep 14, 2023 Balnibarbi Co.,Ltd. announced that they will report fiscal year 2023 results on Sep 14, 2023 Upcoming Dividend • Jul 21
Upcoming dividend of JP¥7.50 per share at 0.4% yield Eligible shareholders must have bought the stock before 28 July 2023. Payment date: 27 October 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (0.5%). New Risk • Jul 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risks High level of debt (48% net debt to equity). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,646, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 31x in the Hospitality industry in Japan. Total returns to shareholders of 84% over the past three years. Price Target Changed • Jun 21
Price target increased by 29% to JP¥2,200 Up from JP¥1,700, the current price target is provided by 1 analyst. New target price is 49% above last closing price of JP¥1,474. Stock is up 47% over the past year. The company is forecast to post earnings per share of JP¥80.20 for next year compared to JP¥14.30 last year. New Risk • Jun 17
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 48% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (48% net debt to equity). Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Market cap is less than US$100m (JP¥12.3b market cap, or US$86.8m). Reported Earnings • Jun 16
Third quarter 2023 earnings released: JP¥0.11 loss per share (vs JP¥4.65 profit in 3Q 2022) Third quarter 2023 results: JP¥0.11 loss per share (down from JP¥4.65 profit in 3Q 2022). Revenue: JP¥2.93b (up 38% from 3Q 2022). Net loss: JP¥1.00m (down 102% from profit in 3Q 2022). Profit margin: 0% (down from 1.9% in 3Q 2022). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,530, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 31x in the Hospitality industry in Japan. Total returns to shareholders of 59% over the past three years. Reported Earnings • Mar 17
Second quarter 2023 earnings released: EPS: JP¥75.54 (vs JP¥32.39 in 2Q 2022) Second quarter 2023 results: EPS: JP¥75.54 (up from JP¥32.39 in 2Q 2022). Revenue: JP¥4.28b (up 82% from 2Q 2022). Net income: JP¥669.0m (up 141% from 2Q 2022). Profit margin: 16% (up from 12% in 2Q 2022). Revenue is forecast to grow 8.4% 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 35% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 02
Balnibarbi Co.,Ltd. to Report Q2, 2023 Results on Mar 16, 2023 Balnibarbi Co.,Ltd. announced that they will report Q2, 2023 results on Mar 16, 2023 Upcoming Dividend • Jan 23
Upcoming dividend of JP¥2.50 per share Eligible shareholders must have bought the stock before 30 January 2023. Payment date: 12 April 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (0.6%). Reported Earnings • Dec 16
First quarter 2023 earnings released: JP¥3.16 loss per share (vs JP¥23.36 profit in 1Q 2022) First quarter 2023 results: JP¥3.16 loss per share (down from JP¥23.36 profit in 1Q 2022). Revenue: JP¥2.76b (up 9.1% from 1Q 2022). Net loss: JP¥28.0m (down 114% from profit in 1Q 2022). Revenue is forecast to grow 13% 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 fallen by 3% per year whereas the company’s share price has fallen by 7% per year. Price Target Changed • Nov 16
Price target decreased to JP¥1,500 Down from JP¥2,300, the current price target is provided by 1 analyst. New target price is 54% above last closing price of JP¥972. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥30.50 for next year compared to JP¥14.30 last year. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 8 highly experienced directors. No independent directors (6 non-independent directors). External Auditor Iwao Aoki 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 02
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥14.30 (down from JP¥41.63 in FY 2021). Revenue: JP¥9.97b (up 24% from FY 2021). Net income: JP¥123.0m (down 66% from FY 2021). Profit margin: 1.2% (down from 4.4% in FY 2021). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 84%. Revenue is forecast to grow 12% 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 fallen by 14% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Duyuru • Oct 29
Balnibarbi Co.,Ltd. to Report Q1, 2023 Results on Dec 14, 2022 Balnibarbi Co.,Ltd. announced that they will report Q1, 2023 results on Dec 14, 2022 Major Estimate Revision • Sep 30
Consensus revenue estimates fall by 14% The consensus outlook for revenues in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥13.6b to JP¥11.7b. EPS estimate fell from JP¥140 to JP¥30.50 per share. Net income forecast to grow 120% next year vs 3.0% decline forecast for Hospitality industry in Japan. Consensus price target down from JP¥2,300 to JP¥1,500. Share price fell 3.8% to JP¥919 over the past week. Duyuru • Sep 16
Balnibarbi Co.,Ltd., Annual General Meeting, Oct 26, 2022 Balnibarbi Co.,Ltd., Annual General Meeting, Oct 26, 2022. Reported Earnings • Sep 15
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥14.30 (down from JP¥41.63 in FY 2021). Revenue: JP¥9.97b (up 24% from FY 2021). Net income: JP¥123.0m (down 66% from FY 2021). Profit margin: 1.2% (down from 4.4% in FY 2021). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 84%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Duyuru • Jul 28
Balnibarbi Co.,Ltd. to Report Q4, 2022 Results on Sep 14, 2022 Balnibarbi Co.,Ltd. announced that they will report Q4, 2022 results on Sep 14, 2022 Upcoming Dividend • Jul 21
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 28 October 2022. Payout ratio is a comfortable 23% but the company is paying out more than the cash it is generating. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (0.6%). Major Estimate Revision • Jun 21
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from JP¥10.5b to JP¥10.2b. EPS estimate also fell from JP¥112 per share to JP¥90.70 per share. Net income forecast to grow 479% next year vs 2.1% decline forecast for Hospitality industry in Japan. Consensus price target of JP¥2,300 unchanged from last update. Share price was steady at JP¥1,027 over the past week. Reported Earnings • Jun 14
Third quarter 2022 earnings released: EPS: JP¥4.65 (vs JP¥16.25 loss in 3Q 2021) Third quarter 2022 results: EPS: JP¥4.65 (up from JP¥16.25 loss in 3Q 2021). Revenue: JP¥2.13b (up 17% from 3Q 2021). Net income: JP¥40.0m (up JP¥179.0m from 3Q 2021). Profit margin: 1.9% (up from net loss in 3Q 2021). Over the next year, revenue is forecast to grow 45%, compared to a 48% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 27
Price target increased to JP¥2,300 Up from JP¥2,000, the current price target is provided by 1 analyst. New target price is 121% above last closing price of JP¥1,042. Stock is up 2.3% over the past year. The company is forecast to post earnings per share of JP¥112 for next year compared to JP¥41.63 last year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 7 highly experienced directors. No independent directors (6 non-independent directors). External Auditor Iwao Aoki 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: Lack of independent directors. Insufficient board refreshment. Duyuru • Apr 08
Balnibarbi Co.,Ltd. to Report Q3, 2022 Results on Jun 13, 2022 Balnibarbi Co.,Ltd. announced that they will report Q3, 2022 results on Jun 13, 2022 Reported Earnings • Mar 18
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: EPS: JP¥32.39 (up from JP¥28.42 loss in 2Q 2021). Revenue: JP¥2.35b (up 24% from 2Q 2021). Net income: JP¥278.0m (up JP¥522.0m from 2Q 2021). Profit margin: 12% (up from net loss in 2Q 2021). Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) missed analyst estimates by 38%. Over the next year, revenue is forecast to grow 49%, compared to a 69% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jan 21
Upcoming dividend of JP¥2.50 per share Eligible shareholders must have bought the stock before 28 January 2022. Payment date: 13 April 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (0.5%). Reported Earnings • Dec 19
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: JP¥23.36 (down from JP¥124 in 1Q 2021). Revenue: JP¥2.53b (flat on 1Q 2021). Net income: JP¥200.0m (down 81% from 1Q 2021). Profit margin: 7.9% (down from 42% in 1Q 2021). Revenue exceeded analyst estimates by 51%. Earnings per share (EPS) missed analyst estimates by 38%. Earnings per share (EPS) missed analyst estimates by 38%. Over the next year, revenue is forecast to grow 48%, compared to a 56% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Nov 02
Full year 2021 earnings released: EPS JP¥41.63 (vs JP¥107 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¥8.05b (down 15% from FY 2020). Net income: JP¥357.0m (up JP¥1.28b from FY 2020). Profit margin: 4.4% (up from net loss in FY 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Sep 17
Full year 2021 earnings released: EPS JP¥41.63 (vs JP¥107 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¥8.05b (down 15% from FY 2020). Net income: JP¥357.0m (up JP¥1.28b from FY 2020). Profit margin: 4.4% (up from net loss in FY 2020). Total stores: 92 (up by 1 from FY 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 July 2021. Payment date: 30 October 2021. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (0.5%). Reported Earnings • Jun 14
Third quarter 2021 earnings released: JP¥16.25 loss per share (vs JP¥51.44 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: JP¥1.81b (up 12% from 3Q 2020). Net loss: JP¥139.0m (loss narrowed 69% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 18
Second quarter 2021 earnings released: JP¥28.42 loss per share (vs JP¥9.64 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and control over costs. Second quarter 2021 results: Revenue: JP¥1.90b (down 38% from 2Q 2020). Net loss: JP¥244.0m (down 394% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 71% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 20
New 90-day low: JP¥977 The company is down 4.0% from its price of JP¥1,021 on 20 November 2020. The Japanese market is up 11% 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. Duyuru • Jan 27
Balnibarbi Co.,Ltd. to Report Q2, 2021 Results on Mar 16, 2021 Balnibarbi Co.,Ltd. announced that they will report Q2, 2021 results on Mar 16, 2021 Upcoming Dividend • Jan 21
Upcoming Dividend of JP¥2.50 Per Share Will be paid on the 13th of April to those who are registered shareholders by the 28th of January. The trailing yield of 0.7% is below the top quartile of Japanese dividend payers (3.0%), but it is higher than industry peers (0.5%). Is New 90 Day High Low • Dec 29
New 90-day high: JP¥1,112 The company is up 18% from its price of JP¥939 on 30 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 4.0% over the same period. Reported Earnings • Dec 17
First quarter 2021 earnings released: EPS JP¥124 The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: JP¥2.53b (down 18% from 1Q 2020). Net income: JP¥1.07b (up JP¥1.01b from 1Q 2020). Profit margin: 42% (up from 2.0% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 63% 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. Analyst Estimate Surprise Post Earnings • Dec 17
Revenue beats expectations Revenue exceeded analyst estimates by 17%. Over the next year, revenue is forecast to grow 17%, compared to a 12% growth forecast for the Hospitality industry in Japan. Is New 90 Day High Low • Dec 03
New 90-day high: JP¥1,051 The company is up 33% from its price of JP¥789 on 04 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 13% over the same period. Price Target Changed • Dec 01
Price target lowered to JP¥1,100 Down from JP¥1,300, the current price target is provided by 1 analyst. The new target price is 5.6% above the current share price of JP¥1,042. As of last close, the stock is down 15% over the past year. Duyuru • Oct 01
Balnibarbi Co.,Ltd. to Report Q1, 2021 Results on Dec 14, 2020 Balnibarbi Co.,Ltd. announced that they will report Q1, 2021 results on Dec 14, 2020 Duyuru • Aug 09
Balnibarbi Co.,Ltd. to Report Fiscal Year 2020 Results on Sep 14, 2020 Balnibarbi Co.,Ltd. announced that they will report fiscal year 2020 results on Sep 14, 2020