New Risk • Jun 12
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 7.0% 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 (7.0% average weekly change). Market cap is less than US$100m (JP¥7.10b market cap, or US$44.4m). Reported Earnings • Jun 12
Third quarter 2026 earnings released: EPS: JP¥13.91 (vs JP¥14.99 in 3Q 2025) Third quarter 2026 results: EPS: JP¥13.91 (down from JP¥14.99 in 3Q 2025). Revenue: JP¥4.05b (up 9.8% from 3Q 2025). Net income: JP¥152.0m (down 6.6% from 3Q 2025). Profit margin: 3.7% (down from 4.4% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.1% 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 12% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jun 12
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to JP¥650. The fair value is estimated to be JP¥862, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 24% in the next 2 years. Declared Dividend • Mar 16
Dividend of JP¥18.00 announced Shareholders will receive a dividend of JP¥18.00. Ex-date: 30th July 2026 Payment date: 29th October 2026 Dividend yield will be 2.0%, which is higher than the industry average of 0.6%. Sustainability & Growth The dividend has increased by an average of 6.3% per year over the past 3 years and payments have been stable during that time. Reported Earnings • Mar 14
Second quarter 2026 earnings released: EPS: JP¥24.66 (vs JP¥17.00 in 2Q 2025) Second quarter 2026 results: EPS: JP¥24.66 (up from JP¥17.00 in 2Q 2025). Revenue: JP¥4.04b (up 12% from 2Q 2025). Net income: JP¥269.0m (up 46% from 2Q 2025). Profit margin: 6.7% (up from 5.1% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% 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 increased by 13% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 16
First quarter 2026 earnings released: EPS: JP¥13.02 (vs JP¥12.01 in 1Q 2025) First quarter 2026 results: EPS: JP¥13.02 (up from JP¥12.01 in 1Q 2025). Revenue: JP¥4.03b (up 11% from 1Q 2025). Net income: JP¥142.0m (up 8.9% from 1Q 2025). Profit margin: 3.5% (in line with 1Q 2025). Revenue is forecast to grow 6.6% 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 12% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Outside Independent Director Tamura Shimizu was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 30
Silver Life Co., Ltd. to Report Q1, 2026 Results on Dec 11, 2025 Silver Life Co., Ltd. announced that they will report Q1, 2026 results on Dec 11, 2025 Reported Earnings • Sep 14
Full year 2025 earnings released: EPS: JP¥64.58 (vs JP¥61.58 in FY 2024) Full year 2025 results: EPS: JP¥64.58 (up from JP¥61.58 in FY 2024). Revenue: JP¥14.9b (up 10% from FY 2024). Net income: JP¥702.0m (up 5.1% from FY 2024). Profit margin: 4.7% (down from 4.9% in FY 2024). The decrease in margin was driven by higher expenses. 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 14% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Duyuru • Sep 12
Silver Life Co., Ltd., Annual General Meeting, Oct 28, 2025 Silver Life Co., Ltd., Annual General Meeting, Oct 28, 2025. Duyuru • Jul 29
Silver Life Co., Ltd. to Report Fiscal Year 2025 Results on Sep 12, 2025 Silver Life Co., Ltd. announced that they will report fiscal year 2025 results on Sep 12, 2025 Reported Earnings • Jun 12
Third quarter 2025 earnings released: EPS: JP¥14.99 (vs JP¥13.37 in 3Q 2024) Third quarter 2025 results: EPS: JP¥14.99 (up from JP¥13.37 in 3Q 2024). Revenue: JP¥3.69b (up 10% from 3Q 2024). Net income: JP¥162.8m (up 12% from 3Q 2024). Profit margin: 4.4% (up from 4.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% 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 16% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥741, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 21x in the Hospitality industry in Japan. Total loss to shareholders of 47% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,249 per share. New Risk • Apr 07
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 5.7% 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 (5.7% average weekly change). Market cap is less than US$100m (JP¥6.17b market cap, or US$42.2m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥565, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 19x in the Hospitality industry in Japan. Total loss to shareholders of 62% over the past three years. Declared Dividend • Mar 13
Dividend of JP¥16.00 announced Shareholders will receive a dividend of JP¥16.00. Ex-date: 30th July 2025 Payment date: 30th October 2025 Dividend yield will be 2.2%, which is higher than the industry average of 0.6%. Sustainability & Growth The dividend has increased by an average of 3.3% per year over the past 2 years and payments have been stable during that time. Reported Earnings • Mar 12
Second quarter 2025 earnings released: EPS: JP¥17.00 (vs JP¥16.97 in 2Q 2024) Second quarter 2025 results: EPS: JP¥17.00 (up from JP¥16.97 in 2Q 2024). Revenue: JP¥3.62b (up 8.0% from 2Q 2024). Net income: JP¥184.6m (flat on 2Q 2024). Profit margin: 5.1% (down from 5.5% in 2Q 2024). 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 6.8% growth forecast for the Hospitality 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 18% per year, which means it is significantly lagging earnings. New Risk • Jan 12
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 Risk Market cap is less than US$100m (JP¥7.61b market cap, or US$48.2m). Reported Earnings • Dec 13
First quarter 2025 earnings released: EPS: JP¥12.01 (vs JP¥16.33 in 1Q 2024) First quarter 2025 results: EPS: JP¥12.01 (down from JP¥16.33 in 1Q 2024). Revenue: JP¥3.62b (up 8.0% from 1Q 2024). Net income: JP¥130.4m (down 26% from 1Q 2024). Profit margin: 3.6% (down from 5.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% 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 20% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Board Change • Nov 21
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Outside Independent Director Reiko Saito was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Oct 29
Silver Life Co., Ltd. to Report Q1, 2025 Results on Dec 11, 2024 Silver Life Co., Ltd. announced that they will report Q1, 2025 results on Dec 11, 2024 Price Target Changed • Sep 17
Price target decreased by 11% to JP¥1,550 Down from JP¥1,750, the current price target is an average from 2 analysts. New target price is 87% above last closing price of JP¥830. Stock is down 30% over the past year. The company is forecast to post earnings per share of JP¥76.35 for next year compared to JP¥61.58 last year. Reported Earnings • Sep 17
Full year 2024 earnings released: EPS: JP¥61.58 (vs JP¥55.68 in FY 2023) Full year 2024 results: EPS: JP¥61.58 (up from JP¥55.68 in FY 2023). Revenue: JP¥13.6b (up 11% from FY 2023). Net income: JP¥668.0m (up 11% from FY 2023). Profit margin: 4.9% (in line with FY 2023). Revenue is forecast to grow 4.2% 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 17% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥729, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 20x in the Hospitality industry in Japan. Total loss to shareholders of 59% over the past three years. Upcoming Dividend • Jul 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 July 2024. Payment date: 30 October 2024. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (0.7%). Duyuru • Jul 04
Silver Life Co., Ltd. to Report Fiscal Year 2024 Results on Sep 12, 2024 Silver Life Co., Ltd. announced that they will report fiscal year 2024 results on Sep 12, 2024 Reported Earnings • Jun 11
Third quarter 2024 earnings released: EPS: JP¥13.37 (vs JP¥11.10 in 3Q 2023) Third quarter 2024 results: EPS: JP¥13.37 (up from JP¥11.10 in 3Q 2023). Revenue: JP¥3.35b (up 11% from 3Q 2023). Net income: JP¥145.0m (up 21% from 3Q 2023). Profit margin: 4.3% (up from 4.0% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.3% 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 7% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Duyuru • Apr 29
Silver Life Co., Ltd. to Report Q3, 2024 Results on Jun 11, 2024 Silver Life Co., Ltd. announced that they will report Q3, 2024 results on Jun 11, 2024 Reported Earnings • Mar 12
Second quarter 2024 earnings released: EPS: JP¥16.97 (vs JP¥12.40 in 2Q 2023) Second quarter 2024 results: EPS: JP¥16.97 (up from JP¥12.40 in 2Q 2023). Revenue: JP¥3.35b (up 12% from 2Q 2023). Net income: JP¥184.0m (up 37% from 2Q 2023). Profit margin: 5.5% (up from 4.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Reported Earnings • Dec 13
First quarter 2024 earnings released First quarter 2024 results: Revenue: JP¥3.36b (up 11% from 1Q 2023). Net income: JP¥177.4m (down 3.1% from 1Q 2023). Profit margin: 5.3% (down from 6.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% 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 fallen by 19% per year whereas the company’s share price has fallen by 24% per year. Reported Earnings • Nov 02
Full year 2023 earnings released: EPS: JP¥55.68 (vs JP¥37.18 in FY 2022) Full year 2023 results: EPS: JP¥55.68 (up from JP¥37.18 in FY 2022). Revenue: JP¥12.3b (up 9.4% from FY 2022). Net income: JP¥602.0m (up 50% from FY 2022). Profit margin: 4.9% (up from 3.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% 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 fallen by 18% per year whereas the company’s share price has fallen by 20% per year. Duyuru • Sep 12
Silver Life Co., Ltd., Annual General Meeting, Oct 27, 2023 Silver Life Co., Ltd., Annual General Meeting, Oct 27, 2023. Reported Earnings • Sep 12
Full year 2023 earnings released: EPS: JP¥55.68 (vs JP¥37.18 in FY 2022) Full year 2023 results: EPS: JP¥55.68 (up from JP¥37.18 in FY 2022). Revenue: JP¥12.3b (up 9.4% from FY 2022). Net income: JP¥602.0m (up 50% from FY 2022). Profit margin: 4.9% (up from 3.6% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 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 fallen by 18% per year and the company’s share price has also fallen by 18% per year. Price Target Changed • Aug 17
Price target decreased by 24% to JP¥1,700 Down from JP¥2,250, the current price target is provided by 1 analyst. New target price is 44% above last closing price of JP¥1,178. Stock is down 8.7% over the past year. The company is forecast to post earnings per share of JP¥56.75 for next year compared to JP¥37.18 last year. New Risk • Jul 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.0b (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Duyuru • Jul 24
Silver Life Co., Ltd. to Report Fiscal Year 2023 Results on Sep 11, 2023 Silver Life Co., Ltd. announced that they will report fiscal year 2023 results on Sep 11, 2023 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¥1,526, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 31x in the Hospitality industry in Japan. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,248 per share. Reported Earnings • Jun 09
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: JP¥3.01b (up 6.7% from 3Q 2022). Net income: JP¥120.2m (down 5.3% from 3Q 2022). Profit margin: 4.0% (down from 4.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Price Target Changed • Mar 28
Price target decreased by 10.0% to JP¥2,250 Down from JP¥2,500, the current price target is an average from 2 analysts. New target price is 68% above last closing price of JP¥1,342. Stock is down 8.8% over the past year. The company posted earnings per share of JP¥37.18 last year. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥1,363, the stock trades at a trailing P/E ratio of 31.8x. Average trailing P/E is 24x in the Hospitality industry in Japan. Total loss to shareholders of 1.9% over the past three years. Reported Earnings • Mar 11
Second quarter 2023 earnings released: EPS: JP¥12.40 (vs JP¥14.83 in 2Q 2022) Second quarter 2023 results: EPS: JP¥12.40 (down from JP¥14.83 in 2Q 2022). Revenue: JP¥3.00b (up 8.4% from 2Q 2022). Net income: JP¥134.0m (down 16% from 2Q 2022). Profit margin: 4.5% (down from 5.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • Dec 11
First quarter 2023 earnings released: EPS: JP¥20.84 (vs JP¥8.73 in 1Q 2022) First quarter 2023 results: EPS: JP¥20.84 (up from JP¥8.73 in 1Q 2022). Revenue: JP¥3.02b (up 12% from 1Q 2022). Net income: JP¥225.0m (up 139% from 1Q 2022). Profit margin: 7.5% (up from 3.5% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Price Target Changed • Nov 16
Price target decreased to JP¥2,400 Down from JP¥3,000, the current price target is an average from 2 analysts. New target price is 51% above last closing price of JP¥1,593. Stock is up 14% over the past year. The company posted earnings per share of JP¥37.18 last year. Reported Earnings • Nov 02
Full year 2022 earnings released: EPS: JP¥37.18 (vs JP¥50.92 in FY 2021) Full year 2022 results: EPS: JP¥37.18 (down from JP¥50.92 in FY 2021). Revenue: JP¥11.2b (up 12% from FY 2021). Net income: JP¥401.0m (down 27% from FY 2021). Profit margin: 3.6% (down from 5.4% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Duyuru • Sep 15
Silver Life Co., Ltd., Annual General Meeting, Oct 26, 2022 Silver Life Co., Ltd., Annual General Meeting, Oct 26, 2022. Reported Earnings • Sep 15
Full year 2022 earnings released: EPS: JP¥37.18 (vs JP¥50.92 in FY 2021) Full year 2022 results: EPS: JP¥37.18 (down from JP¥50.92 in FY 2021). Revenue: JP¥11.2b (up 12% from FY 2021). Net income: JP¥401.0m (down 27% from FY 2021). Profit margin: 3.6% (down from 5.4% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Duyuru • Jul 02
Silver Life Co., Ltd. to Report Fiscal Year 2022 Results on Sep 13, 2022 Silver Life Co., Ltd. announced that they will report fiscal year 2022 results on Sep 13, 2022 Reported Earnings • Jun 09
Third quarter 2022 earnings released: EPS: JP¥11.77 (vs JP¥11.38 in 3Q 2021) Third quarter 2022 results: EPS: JP¥11.77 (up from JP¥11.38 in 3Q 2021). Revenue: JP¥2.82b (up 12% from 3Q 2021). Net income: JP¥127.0m (up 4.1% from 3Q 2021). Profit margin: 4.5% (down from 4.8% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Satoshi Nakatani was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 26% share price gain to JP¥1,482, the stock trades at a trailing P/E ratio of 41.8x. Average trailing P/E is 24x in the Hospitality industry in Japan. Total loss to shareholders of 35% over the past three years. Reported Earnings • Mar 12
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: JP¥14.83 (down from JP¥18.02 in 2Q 2021). Revenue: JP¥2.77b (up 14% from 2Q 2021). Net income: JP¥160.0m (down 17% from 2Q 2021). Profit margin: 5.8% (down from 7.9% in 2Q 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 fallen by 27% 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. Price Target Changed • Dec 28
Price target decreased to JP¥2,400 Down from JP¥3,000, the current price target is provided by 1 analyst. New target price is 89% above last closing price of JP¥1,271. Stock is down 41% over the past year. The company posted earnings per share of JP¥50.92 last year. Reported Earnings • Nov 02
Full year 2021 earnings released: EPS JP¥50.92 (vs JP¥63.75 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥10.1b (up 14% from FY 2020). Net income: JP¥546.0m (down 20% from FY 2020). Profit margin: 5.4% (down from 7.7% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 16% per year. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment deteriorated over the past week After last week's 20% share price decline to JP¥1,515, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 44x in the Hospitality industry in Japan. Total loss to shareholders of 51% over the past three years. Reported Earnings • Sep 15
Full year 2021 earnings released: EPS JP¥50.92 (vs JP¥63.75 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥10.1b (up 14% from FY 2020). Net income: JP¥546.0m (down 20% from FY 2020). Profit margin: 5.4% (down from 7.7% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 20% per year. Reported Earnings • Jun 11
Third quarter 2021 earnings released: EPS JP¥11.38 (vs JP¥16.54 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥2.52b (up 13% from 3Q 2020). Net income: JP¥122.0m (down 31% from 3Q 2020). Profit margin: 4.8% (down from 7.9% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Mar 12
Second quarter 2021 earnings released: EPS JP¥18.02 (vs JP¥14.60 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥2.43b (up 15% from 2Q 2020). Net income: JP¥193.0m (up 25% from 2Q 2020). Profit margin: 7.9% (up from 7.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 08
New 90-day low: JP¥2,005 The company is down 2.0% from its price of JP¥2,050 on 08 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 5.0% over the same period. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥2,399, the stock is trading at a trailing P/E ratio of 33.9x, up from the previous P/E ratio of 28.8x. This compares to an average P/E of 37x in the Hospitality industry in Japan. Total returns to shareholders over the past three years are 136%. Reported Earnings • Dec 12
First quarter 2021 earnings released: EPS JP¥20.95 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥2.45b (up 18% from 1Q 2020). Net income: JP¥224.0m (up 52% from 1Q 2020). Profit margin: 9.1% (up from 7.0% in 1Q 2020). The increase in margin was driven by higher revenue. Is New 90 Day High Low • Dec 10
New 90-day high: JP¥2,266 The company is up 3.0% from its price of JP¥2,195 on 11 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 10.0% over the same period.