New Risk • Jul 18
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 100% The company is paying a dividend despite having no free cash flows. Dividend yield: 5.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 100% Paying a dividend despite having no free cash flows. Earnings have declined by 2.8% per year over the past 5 years. High level of non-cash earnings (40% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥6.94b market cap, or US$42.7m). Buy Or Sell Opportunity • Jun 24
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to JP¥1,166. The fair value is estimated to be JP¥963, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has declined by 21%. Buy Or Sell Opportunity • Jun 09
Now 21% overvalued Over the last 90 days, the stock has fallen 12% to JP¥1,171. The fair value is estimated to be JP¥968, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has declined by 21%. Duyuru • Jun 01
Broad-minded Co.,Ltd. to Report Q1, 2027 Results on Aug 12, 2026 Broad-minded Co.,Ltd. announced that they will report Q1, 2027 results on Aug 12, 2026 Buy Or Sell Opportunity • May 19
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to JP¥1,166. The fair value is estimated to be JP¥967, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has declined by 21%. Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥69.00 (vs JP¥41.19 in FY 2025) Full year 2026 results: EPS: JP¥69.00 (up from JP¥41.19 in FY 2025). Revenue: JP¥5.29b (down 12% from FY 2025). Net income: JP¥394.0m (up 71% from FY 2025). Profit margin: 7.4% (up from 3.8% in FY 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Duyuru • May 15
Broad-minded Co.,Ltd., Annual General Meeting, Jun 29, 2026 Broad-minded Co.,Ltd., Annual General Meeting, Jun 29, 2026. Duyuru • May 10
Broad-minded Co.,Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Broad-minded Co.,Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 57% but the company is not cash flow positive. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.5%). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥14.03 (vs JP¥3.03 loss in 3Q 2025) Third quarter 2026 results: EPS: JP¥14.03 (up from JP¥3.03 loss in 3Q 2025). Revenue: JP¥1.18b (up 6.4% from 3Q 2025). Net income: JP¥80.0m (up JP¥97.0m from 3Q 2025). Profit margin: 6.8% (up from net loss in 3Q 2025). 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 5% per year, which means it is well ahead of earnings. Reported Earnings • Nov 16
Second quarter 2026 earnings released: EPS: JP¥19.49 (vs JP¥3.04 in 2Q 2025) Second quarter 2026 results: EPS: JP¥19.49 (up from JP¥3.04 in 2Q 2025). Revenue: JP¥1.16b (down 2.2% from 2Q 2025). Net income: JP¥111.0m (up JP¥94.0m from 2Q 2025). Profit margin: 9.6% (up from 1.4% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: JP¥8.05 (vs JP¥8.78 in 1Q 2025) First quarter 2026 results: EPS: JP¥8.05 (down from JP¥8.78 in 1Q 2025). Revenue: JP¥1.24b (down 16% from 1Q 2025). Net income: JP¥46.0m (down 6.1% from 1Q 2025). Profit margin: 3.7% (up from 3.3% in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 28
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to JP¥1,128. The fair value is estimated to be JP¥939, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 16%. Buy Or Sell Opportunity • Jun 12
Now 20% overvalued Over the last 90 days, the stock has fallen 18% to JP¥1,163. The fair value is estimated to be JP¥969, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has declined by 16%. New Risk • Jun 03
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 102% Dividend per share is over 68x cash flows per share. Dividend yield: 5.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 102% Dividend per share is over 68x cash flows per share. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (JP¥6.50b market cap, or US$45.4m). Reported Earnings • May 20
Full year 2025 earnings released: EPS: JP¥41.19 (vs JP¥82.91 in FY 2024) Full year 2025 results: EPS: JP¥41.19 (down from JP¥82.91 in FY 2024). Revenue: JP¥6.02b (up 15% from FY 2024). Net income: JP¥231.0m (down 48% from FY 2024). Profit margin: 3.8% (down from 8.6% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • May 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to JP¥1,048. The fair value is estimated to be JP¥1,344, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has declined by 3.6%. Duyuru • May 16
Broad-minded Co.,Ltd. (TSE:7343) announces an Equity Buyback for 40,000 shares, representing 0.7% for ¥50 million. Broad-minded Co.,Ltd. (TSE:7343) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 0.7% of its total shares outstanding (excluding treasury shares), for a total of ¥50 million. The purpose of repurchase program is to return profits and to enable flexible capital policy implementation in response to changes in the business environment. The repurchase program is valid till July 31, 2025. As of May 14, 2025, the company has 5,727,867 shares outstanding (excluding treasury shares) and has 165,249 shares in treasury. Duyuru • May 15
Broad-minded Co.,Ltd., Annual General Meeting, Jun 27, 2025 Broad-minded Co.,Ltd., Annual General Meeting, Jun 27, 2025. Duyuru • Apr 01
Broad-minded Co.,Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Broad-minded Co.,Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on May 14, 2025 Buy Or Sell Opportunity • Mar 31
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to JP¥1,040. The fair value is estimated to be JP¥1,362, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has declined by 3.6%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 270% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,212, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Capital Markets industry in Japan. Total returns to shareholders of 75% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥42.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 67% but the company is paying out more than the cash it is generating. Trailing yield: 6.6%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.4%). New Risk • Feb 27
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 5.2% 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 Dividend is not well covered by cash flows (127% cash payout ratio). Share price has been volatile over the past 3 months (5.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.8% net profit margin). Market cap is less than US$100m (JP¥7.65b market cap, or US$51.1m). Reported Earnings • Feb 15
Third quarter 2025 earnings released: JP¥3.03 loss per share (vs JP¥20.72 profit in 3Q 2024) Third quarter 2025 results: JP¥3.03 loss per share (down from JP¥20.72 profit in 3Q 2024). Revenue: JP¥1.11b (up 3.2% from 3Q 2024). Net loss: JP¥17.0m (down 115% from profit in 3Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Dec 30
Now 21% overvalued Over the last 90 days, the stock has fallen 7.8% to JP¥1,383. The fair value is estimated to be JP¥1,143, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 4.1%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 124% in the next 2 years. New Risk • Dec 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.3% 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: Minor Risks Dividend is not well covered by cash flows (126% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.1% net profit margin). Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Market cap is less than US$100m (JP¥7.43b market cap, or US$47.5m). New Risk • Nov 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% 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: Minor Risks Dividend is not well covered by cash flows (414% cash payout ratio). Profit margins are more than 30% lower than last year (7.0% net profit margin). Shareholders have been diluted in the past year (3.4% increase in shares outstanding). Market cap is less than US$100m (JP¥8.00b market cap, or US$51.4m). Buy Or Sell Opportunity • Oct 07
Now 20% overvalued Over the last 90 days, the stock has fallen 15% to JP¥1,491. The fair value is estimated to be JP¥1,242, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last year. Earnings per share has declined by 30%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 88% in the next 2 years. Buy Or Sell Opportunity • Sep 19
Now 20% overvalued Over the last 90 days, the stock has fallen 16% to JP¥1,490. The fair value is estimated to be JP¥1,241, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last year. Earnings per share has declined by 30%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 88% in the next 2 years. Buy Or Sell Opportunity • Sep 02
Now 23% overvalued Over the last 90 days, the stock has fallen 8.1% to JP¥1,526. The fair value is estimated to be JP¥1,237, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last year. Earnings per share has declined by 30%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 88% in the next 2 years. Reported Earnings • Aug 19
First quarter 2025 earnings released: EPS: JP¥8.78 (vs JP¥18.68 in 1Q 2024) First quarter 2025 results: EPS: JP¥8.78 (down from JP¥18.68 in 1Q 2024). Revenue: JP¥1.47b (up 43% from 1Q 2024). Net income: JP¥49.0m (down 51% from 1Q 2024). Profit margin: 3.3% (down from 9.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Capital Markets industry in Japan. Buy Or Sell Opportunity • Aug 13
Now 22% overvalued Over the last 90 days, the stock has fallen 7.5% to JP¥1,517. The fair value is estimated to be JP¥1,247, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,370, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Capital Markets industry in Japan. Total returns to shareholders of 59% over the past three years. Reported Earnings • May 18
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: JP¥82.91 (down from JP¥101 in FY 2023). Revenue: JP¥5.22b (up 21% from FY 2023). Net income: JP¥447.0m (down 16% from FY 2023). Profit margin: 8.6% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.7%. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Capital Markets 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 only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • May 17
Broad-minded Co.,Ltd., Annual General Meeting, Jun 27, 2024 Broad-minded Co.,Ltd., Annual General Meeting, Jun 27, 2024. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥1,640, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the Capital Markets industry in Japan. Total returns to shareholders of 53% over the past three years. Duyuru • Mar 28
Broad-minded Co.,Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Broad-minded Co.,Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.4%). Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥1,548, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Capital Markets industry in Japan. Total returns to shareholders of 34% over the past year. Buy Or Sell Opportunity • Feb 28
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to JP¥1,238. The fair value is estimated to be JP¥1,029, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 18%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 52% in the next 2 years. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: JP¥20.72 (vs JP¥33.53 in 3Q 2023) Third quarter 2024 results: EPS: JP¥20.72 (down from JP¥33.53 in 3Q 2023). Revenue: JP¥1.08b (down 17% from 3Q 2023). Net income: JP¥112.0m (down 37% from 3Q 2023). Profit margin: 10% (down from 14% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Capital Markets industry in Japan. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,195, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 23x in the Capital Markets industry in Japan. Total returns to shareholders of 25% over the past year. New Risk • Nov 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.2% 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 High level of non-cash earnings (29% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 9x cash flows per share). Shareholders have been diluted in the past year (4.2% increase in shares outstanding). Market cap is less than US$100m (JP¥5.65b market cap, or US$37.8m). Reported Earnings • Nov 17
Second quarter 2024 earnings released: EPS: JP¥12.47 (vs JP¥35.44 in 2Q 2023) Second quarter 2024 results: EPS: JP¥12.47 (down from JP¥35.44 in 2Q 2023). Revenue: JP¥1.13b (up 18% from 2Q 2023). Net income: JP¥67.0m (down 64% from 2Q 2023). Profit margin: 5.9% (down from 20% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Capital Markets industry in Japan. Duyuru • Nov 16
Broad-minded Co.,Ltd. (TSE:7343) announces an Equity Buyback for 40,000 shares, representing 0.72% for ¥50 million. Broad-minded Co.,Ltd. (TSE:7343) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 0.72% of its total shares outstanding (excluding treasury shares), for a total of ¥50 million. The purpose of repurchase program is to return profits and to enable flexible capital policy implementation in response to changes in the business environment. The repurchase program is valid till March 31, 2024. As of November 13, 2023, the company has 5,533,216 shares outstanding (excluding treasury shares) and has 125,146 shares in treasury. Buying Opportunity • Sep 26
Now 20% undervalued Over the last 90 days, the stock is up 3.3%. The fair value is estimated to be JP¥1,420, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last year. Earnings per share has grown by 63%. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to decline by 4.4% in the next 2 years. Buying Opportunity • Aug 18
Now 22% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be JP¥1,429, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last year. Earnings per share has grown by 63%. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to decline by 4.4% in the next 2 years. Reported Earnings • Aug 14
First quarter 2024 earnings released: EPS: JP¥18.68 (vs JP¥14.93 in 1Q 2023) First quarter 2024 results: EPS: JP¥18.68 (up from JP¥14.93 in 1Q 2023). Revenue: JP¥1.03b (up 20% from 1Q 2023). Net income: JP¥100.0m (up 27% from 1Q 2023). Profit margin: 9.7% (in line with 1Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Capital Markets industry in Japan. Reported Earnings • May 17
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥101 (up from JP¥61.81 in FY 2022). Revenue: JP¥4.32b (up 19% from FY 2022). Net income: JP¥535.0m (up 64% from FY 2022). Profit margin: 12% (up from 9.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 50%. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Capital Markets industry in Japan. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥24.00 per share at 2.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 15% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.8%). Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: JP¥33.53 (vs JP¥18.02 in 3Q 2022) Third quarter 2023 results: EPS: JP¥33.53 (up from JP¥18.02 in 3Q 2022). Revenue: JP¥1.30b (up 47% from 3Q 2022). Net income: JP¥178.0m (up 85% from 3Q 2022). Profit margin: 14% (up from 11% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Capital Markets industry in Japan. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥1,167, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 16x in the Capital Markets industry in Japan. Total returns to shareholders of 81% over the past year. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥35.44 (vs JP¥18.02 in 2Q 2022) Second quarter 2023 results: EPS: JP¥35.44 (up from JP¥18.02 in 2Q 2022). Revenue: JP¥964.0m (up 8.8% from 2Q 2022). Net income: JP¥188.0m (up 96% from 2Q 2022). Profit margin: 20% (up from 11% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Capital Markets industry in Japan. 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. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . 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 13
Second quarter 2023 earnings released: EPS: JP¥35.44 (vs JP¥18.02 in 2Q 2022) Second quarter 2023 results: EPS: JP¥35.44 (up from JP¥18.02 in 2Q 2022). Revenue: JP¥964.0m (up 8.8% from 2Q 2022). Net income: JP¥188.0m (up 96% from 2Q 2022). Profit margin: 20% (up from 11% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Capital Markets industry in Japan. Valuation Update With 7 Day Price Move • Aug 29
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥966, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 13x in the Capital Markets industry in Japan. Total returns to shareholders of 13% over the past year. Buying Opportunity • Jul 29
Now 21% undervalued Over the last 90 days, the stock is up 6.0%. The fair value is estimated to be JP¥920, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has declined by 12%. Duyuru • May 18
Broad-minded Co.,Ltd., Annual General Meeting, Jun 29, 2022 Broad-minded Co.,Ltd., Annual General Meeting, Jun 29, 2022. 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. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . 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
Broad-minded Co.,Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Broad-minded Co.,Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 11% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (3.9%). Valuation Update With 7 Day Price Move • Sep 03
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,047, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 11x in the Capital Markets industry in Japan. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥927, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 11x in the Capital Markets industry in Japan. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 23% share price gain to JP¥1,378, the stock trades at a trailing P/E ratio of 35.6x. Average trailing P/E is 14x in the Capital Markets industry in Japan. Valuation Update With 7 Day Price Move • May 07
Investor sentiment improved over the past week After last week's 34% share price gain to JP¥1,436, the stock trades at a trailing P/E ratio of 37.1x. Average trailing P/E is 15x in the Capital Markets industry in Japan. 
