Buy Or Sell Opportunity • Aug 01
Now 22% undervalued Over the last 90 days, the stock has risen 5.8% to JP¥1,001. The fair value is estimated to be JP¥1,290, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period. Reported Earnings • Jul 16
First quarter 2027 earnings released: EPS: JP¥21.55 (vs JP¥18.97 in 1Q 2026) First quarter 2027 results: EPS: JP¥21.55 (up from JP¥18.97 in 1Q 2026). Revenue: JP¥140.3b (up 15% from 1Q 2026). Net income: JP¥4.53b (up 12% from 1Q 2026). Profit margin: 3.2% (down from 3.3% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Jul 14
Price target decreased by 10.0% to JP¥970 Down from JP¥1,078, the current price target is an average from 4 analysts. New target price is approximately in line with last closing price of JP¥985. Stock is down 4.4% over the past year. The company is forecast to post earnings per share of JP¥82.20 for next year compared to JP¥238 last year. Declared Dividend • Jun 12
Final dividend of JP¥15.00 announced Shareholders will receive a dividend of JP¥15.00. Ex-date: 28th August 2026 Payment date: 19th November 2026 Dividend yield will be 3.2%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 3.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 63% over the next 3 years. Since a fall of 35% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Duyuru • May 07
Izumi Co., Ltd. to Report Q1, 2027 Results on Jul 14, 2026 Izumi Co., Ltd. announced that they will report Q1, 2027 results on Jul 14, 2026 Reported Earnings • Apr 15
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥238 (up from JP¥55.53 in FY 2025). Revenue: JP¥569.3b (up 8.6% from FY 2025). Net income: JP¥16.8b (up 41% from FY 2025). Profit margin: 3.0% (up from 2.3% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.1%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Duyuru • Apr 14
Izumi Co., Ltd., Annual General Meeting, May 27, 2026 Izumi Co., Ltd., Annual General Meeting, May 27, 2026. Duyuru • Apr 07
Izumi Co., Ltd. to Report Fiscal Year 2026 Results on Apr 14, 2026 Izumi Co., Ltd. announced that they will report fiscal year 2026 results on Apr 14, 2026 Duyuru • Mar 23
Izumi Co., Ltd.(TSE:8273) dropped from FTSE All-World Index (USD) Izumi Co., Ltd.(TSE:8273) dropped from FTSE All-World Index (USD) New Risk • Feb 25
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 102% Dividend yield: 8.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Minor Risks Dividend is not well covered by cash flows (102% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Upcoming Dividend • Feb 19
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 29 May 2026. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Jan 14
Third quarter 2026 earnings released: EPS: JP¥42.71 (vs JP¥26.30 in 3Q 2025) Third quarter 2026 results: EPS: JP¥42.71 (up from JP¥26.30 in 3Q 2025). Revenue: JP¥136.0b (up 5.9% from 3Q 2025). Net income: JP¥3.02b (up 60% from 3Q 2025). Profit margin: 2.2% (up from 1.5% in 3Q 2025). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Multiline Retail 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 increased by 2% per year, which means it is well ahead of earnings. Duyuru • Jan 14
Izumi Co., Ltd. (TSE:8273) announces an Equity Buyback for 600,000 shares, representing 0.85% for ¥2,232 million. Izumi Co., Ltd. (TSE:8273) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 0.85% for ¥2,232 million. The shares will be repurchased at a price of ¥3,720 per share. The purpose of the program is to further enhance corporate value by increasing shareholder returns and improving capital efficiency through the implementation of a flexible capital policy. As of November 30, 2025, the company had 70,632,858 issued shares (excluding treasury stock) and 1,032,342 treasury shares. Duyuru • Jan 13
Izumi Co., Ltd. (TSE:8273) announces an Equity Buyback for 600,000 shares, representing 0.85% for ¥1,824 million. Izumi Co., Ltd. (TSE:8273) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 0.85% for ¥1,824 million. The shares will be repurchased at ¥3040 per share. The purpose of the program is to further enhance corporate value by increasing shareholder returns and improving capital efficiency through the implementation of a flexible capital policy. The program is valid till January 14, 2026. As of November 30, 2025, the company had 70,632,858 issued shares (excluding treasury stock) and 1,032,342 treasury shares. Declared Dividend • Nov 20
First half dividend of JP¥45.00 announced Dividend of JP¥45.00 is the same as last year. Ex-date: 26th February 2026 Payment date: 29th May 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 6.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Nov 11
Izumi Co., Ltd. to Report Q3, 2026 Results on Jan 13, 2026 Izumi Co., Ltd. announced that they will report Q3, 2026 results on Jan 13, 2026 Reported Earnings • Oct 15
Second quarter 2026 earnings released: EPS: JP¥57.13 (vs JP¥59.02 in 2Q 2025) Second quarter 2026 results: EPS: JP¥57.13 (down from JP¥59.02 in 2Q 2025). Revenue: JP¥159.0b (up 22% from 2Q 2025). Net income: JP¥4.04b (down 4.4% from 2Q 2025). Profit margin: 2.5% (down from 3.3% in 2Q 2025). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Multiline Retail 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 1% per year, which means it has not declined as severely as earnings. Duyuru • Aug 27
Izumi Co., Ltd. to Report Q2, 2026 Results on Oct 14, 2025 Izumi Co., Ltd. announced that they will report Q2, 2026 results on Oct 14, 2025 Upcoming Dividend • Aug 21
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 19 November 2025. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.2%). Reported Earnings • Jul 12
First quarter 2026 earnings released: EPS: JP¥56.91 (vs JP¥54.99 in 1Q 2025) First quarter 2026 results: EPS: JP¥56.91 (up from JP¥54.99 in 1Q 2025). Revenue: JP¥122.1b (up 12% from 1Q 2025). Net income: JP¥4.05b (up 2.8% from 1Q 2025). Profit margin: 3.3% (down from 3.6% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 18% 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. Board Change • Jun 21
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Outside Director Masahiro Nishikawa was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Jun 06
Izumi Co., Ltd. to Report Q1, 2026 Results on Jul 10, 2025 Izumi Co., Ltd. announced that they will report Q1, 2026 results on Jul 10, 2025 Duyuru • Mar 21
Izumi Co., Ltd. Announces Board and Management Changes Izumi Co., Ltd. announced Changes in Directors (effective on April 1, 2025): Daisuke Yamanishi, Former Position- Director and Corporate Planning Division Manager, New Position- Deputy President and Director. Retiring Director (effective May 28, 2025): Tatsuya Mikamoto, Deputy President and Director. Hiroshi Kuromoto, Director, Development Division Manager. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Duyuru • Feb 13
Izumi Co., Ltd. to Report Fiscal Year 2025 Final Results on Apr 14, 2025 Izumi Co., Ltd. announced that they will report fiscal year 2025 final results on Apr 14, 2025 Price Target Changed • Jan 21
Price target decreased by 7.4% to JP¥3,733 Down from JP¥4,033, the current price target is an average from 3 analysts. New target price is 24% above last closing price of JP¥3,011. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥240 for next year compared to JP¥286 last year. Reported Earnings • Jan 15
Third quarter 2025 earnings released: EPS: JP¥51.74 (vs JP¥56.84 in 3Q 2024) Third quarter 2025 results: EPS: JP¥51.74 (down from JP¥56.84 in 3Q 2024). Revenue: JP¥134.6b (up 21% from 3Q 2024). Net income: JP¥3.70b (down 8.9% from 3Q 2024). Profit margin: 2.8% (down from 3.6% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Duyuru • Nov 27
Izumi Co., Ltd. to Report Q3, 2025 Results on Jan 14, 2025 Izumi Co., Ltd. announced that they will report Q3, 2025 results on Jan 14, 2025 Declared Dividend • Nov 20
First half dividend of JP¥45.00 announced Dividend of JP¥45.00 is the same as last year. Ex-date: 27th February 2025 Payment date: 30th May 2025 Dividend yield will be 2.9%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 18
Second quarter 2025 earnings released: EPS: JP¥59.02 (vs JP¥68.95 in 2Q 2024) Second quarter 2025 results: EPS: JP¥59.02 (down from JP¥68.95 in 2Q 2024). Revenue: JP¥129.9b (up 9.1% from 2Q 2024). Net income: JP¥4.22b (down 14% from 2Q 2024). Profit margin: 3.3% (down from 4.1% in 2Q 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 5.7% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 3% per year. Duyuru • Oct 18
Izumi Co., Ltd. Provides Dividend Guidance for Full Fiscal Year Ending February 28, 2025 Izumi Co., Ltd. provided dividend guidance for full fiscal year ending February 28, 2025. For the period, the company expects to pay a dividend of JPY 45.00 per share against JPY 45.00 per share paid a year ago. Duyuru • Sep 11
Izumi Co., Ltd. to Report Q2, 2025 Results on Oct 15, 2024 Izumi Co., Ltd. announced that they will report Q2, 2025 results on Oct 15, 2024 Reported Earnings • Sep 07
First quarter 2025 earnings released: EPS: JP¥54.99 (vs JP¥77.33 in 1Q 2024) First quarter 2025 results: EPS: JP¥54.99 (down from JP¥77.33 in 1Q 2024). Revenue: JP¥94.8b (down 17% from 1Q 2024). Net income: JP¥3.93b (down 29% from 1Q 2024). Profit margin: 4.1% (down from 4.8% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Major Estimate Revision • Sep 04
Consensus EPS estimates fall by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥548.8b to JP¥506.6b. EPS estimate also fell from JP¥292 per share to JP¥256 per share. Net income forecast to grow 2.7% next year vs 7.9% growth forecast for Multiline Retail industry in Japan. Consensus price target up from JP¥4,100 to JP¥4,350. Share price was steady at JP¥3,415 over the past week. Upcoming Dividend • Aug 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 18 November 2024. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Reported Earnings • Aug 04
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥286 (down from JP¥324 in FY 2023). Revenue: JP¥471.2b (up 2.4% from FY 2023). Net income: JP¥20.5b (down 12% from FY 2023). Profit margin: 4.3% (down from 5.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Multiline Retail 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 1% per year. Duyuru • Jul 30
Izumi Co., Ltd. to Report Q1, 2025 Results on Aug 28, 2024 Izumi Co., Ltd. announced that they will report Q1, 2025 results on Aug 28, 2024 Major Estimate Revision • Jul 05
Consensus revenue estimates increase by 11%, EPS downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from JP¥495.1b to JP¥548.8b. EPS estimate fell from JP¥317 to JP¥292. Net income forecast to grow 2.0% next year vs 7.5% growth forecast for Multiline Retail industry in Japan. Consensus price target down from JP¥4,267 to JP¥4,100. Share price rose 2.8% to JP¥3,304 over the past week. New Risk • Jun 30
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 202% Dividend yield: 2.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 28
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥286 (down from JP¥324 in FY 2023). Revenue: JP¥471.2b (up 2.4% from FY 2023). Net income: JP¥20.5b (down 12% from FY 2023). Profit margin: 4.3% (down from 5.0% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 4.3%. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Multiline Retail 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 8% per year. Declared Dividend • Jun 27
Dividend of JP¥44.00 announced Shareholders will receive a dividend of JP¥44.00. Ex-date: 29th August 2024 Payment date: 18th November 2024 Dividend yield will be 2.8%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 8.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 12% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Duyuru • May 22
Izumi Co., Ltd. (TSE:8273) completed the acquisition of Sunlife Co., Ltd. from Ichiro Tajiri. Izumi Co., Ltd. (TSE:8273) agreed to acquire Sunlife Co., Ltd. from Ichiro Tajiri on January 9, 2024. As part of transaction, 20,000 shares will be acquired. For period ended September 2023, Sunlife reported net worth of ¥1.8 billion, total assets of ¥2.8 billion, sales of ¥5.8 billion, operating income of ¥60 million and net income of ¥70 million.Izumi Co., Ltd. (TSE:8273) completed the acquisition of Sunlife Co., Ltd. from Ichiro Tajiri on May 20, 2024. Upcoming Dividend • Feb 21
Upcoming dividend of JP¥44.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.2%). Duyuru • Feb 11
Izumi Co., Ltd. to Report Fiscal Year 2024 Results on Apr 09, 2024 Izumi Co., Ltd. announced that they will report fiscal year 2024 results on Apr 09, 2024 Duyuru • Jan 12
Izumi Co., Ltd. Provides Year End Dividend Guidance for the Fiscal Year Ending February 29, 2024 Izumi Co., Ltd. provided year end dividend guidance for the fiscal year ending February 29, 2024. For the period, the company expected year end dividend of JPY 44 per share compared to JPY 44 per share paid a year ago. Duyuru • Jan 10
Izumi Co., Ltd. (TSE:8273) agreed to acquire Sunlife Co., Ltd. from Ichiro Tajiri. Izumi Co., Ltd. (TSE:8273) agreed to acquire Sunlife Co., Ltd. from Ichiro Tajiri on January 9, 2024. As part of transaction, 20,000 shares will be acquired. For period ended September 2023, Sunlife reported net worth of ¥1.8 billion, total assets of ¥2.8 billion, sales of ¥5.8 billion, operating income of ¥60 million and net income of ¥70 million. Reported Earnings • Jan 10
Third quarter 2024 earnings released: EPS: JP¥56.84 (vs JP¥64.76 in 3Q 2023) Third quarter 2024 results: EPS: JP¥56.84 (down from JP¥64.76 in 3Q 2023). Revenue: JP¥111.5b (up 1.5% from 3Q 2023). Net income: JP¥4.07b (down 12% from 3Q 2023). Profit margin: 3.6% (down from 4.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year. Duyuru • Nov 11
Izumi Co., Ltd. to Report Q3, 2024 Results on Jan 09, 2024 Izumi Co., Ltd. announced that they will report Q3, 2024 results on Jan 09, 2024 Price Target Changed • Oct 30
Price target increased by 8.7% to JP¥4,567 Up from JP¥4,200, the current price target is an average from 3 analysts. New target price is 23% above last closing price of JP¥3,700. Stock is up 23% over the past year. The company is forecast to post earnings per share of JP¥290 for next year compared to JP¥324 last year. Price Target Changed • Oct 12
Price target increased by 7.3% to JP¥4,433 Up from JP¥4,133, the current price target is an average from 3 analysts. New target price is 14% above last closing price of JP¥3,880. Stock is up 26% over the past year. The company is forecast to post earnings per share of JP¥283 for next year compared to JP¥324 last year. Reported Earnings • Oct 11
Second quarter 2024 earnings released: EPS: JP¥68.95 (vs JP¥74.68 in 2Q 2023) Second quarter 2024 results: EPS: JP¥68.95 (down from JP¥74.68 in 2Q 2023). Revenue: JP¥119.0b (up 4.4% from 2Q 2023). Net income: JP¥4.93b (down 7.6% from 2Q 2023). Profit margin: 4.1% (down from 4.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has remained flat. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥44.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 15 November 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.2%). Duyuru • Aug 11
Izumi Co., Ltd. to Report Q2, 2024 Results on Oct 10, 2023 Izumi Co., Ltd. announced that they will report Q2, 2024 results on Oct 10, 2023 Reported Earnings • Jul 16
First quarter 2024 earnings released: EPS: JP¥77.33 (vs JP¥74.08 in 1Q 2023) First quarter 2024 results: EPS: JP¥77.33 (up from JP¥74.08 in 1Q 2023). Revenue: JP¥114.3b (up 3.8% from 1Q 2023). Net income: JP¥5.53b (up 4.4% from 1Q 2023). Profit margin: 4.8% (in line with 1Q 2023). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 30
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥324 (down from JP¥324 in FY 2022). Revenue: JP¥460.1b (down 32% from FY 2022). Net income: JP¥23.2b (flat on FY 2022). Profit margin: 5.0% (up from 3.4% in FY 2022). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 7.2%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat. Duyuru • May 12
Izumi Co., Ltd. to Report Q1, 2024 Results on Jul 11, 2023 Izumi Co., Ltd. announced that they will report Q1, 2024 results on Jul 11, 2023 Reported Earnings • Apr 13
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥324 (down from JP¥324 in FY 2022). Revenue: JP¥460.1b (down 32% from FY 2022). Net income: JP¥23.2b (flat on FY 2022). Profit margin: 5.0% (up from 3.4% in FY 2022). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 7.2%. Revenue is forecast to grow 2.8% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥43.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Duyuru • Feb 15
Izumi Co., Ltd. to Report Q4, 2023 Results on Apr 11, 2023 Izumi Co., Ltd. announced that they will report Q4, 2023 results on Apr 11, 2023 Reported Earnings • Jan 11
Third quarter 2023 earnings released: EPS: JP¥64.76 (vs JP¥79.07 in 3Q 2022) Third quarter 2023 results: EPS: JP¥64.76 (down from JP¥79.07 in 3Q 2022). Revenue: JP¥109.9b (down 33% from 3Q 2022). Net income: JP¥4.63b (down 18% from 3Q 2022). Profit margin: 4.2% (up from 3.4% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Multiline Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Naomi Aoyama was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.