Reported Earnings • May 17
Full year 2026 earnings released: EPS: JP¥97.93 (vs JP¥105 in FY 2025) Full year 2026 results: EPS: JP¥97.93 (down from JP¥105 in FY 2025). Revenue: JP¥67.5b (up 9.6% from FY 2025). Net income: JP¥926.0m (down 6.6% from FY 2025). Profit margin: 1.4% (down from 1.6% in FY 2025). 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 9% per year, which means it is well ahead of earnings. Duyuru • May 13
Crops Corporation, Annual General Meeting, Jun 19, 2026 Crops Corporation, Annual General Meeting, Jun 19, 2026. Duyuru • May 10
Crops Corporation to Report Fiscal Year 2026 Results on May 13, 2026 Crops Corporation announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥69.90 (vs JP¥28.87 in 3Q 2025) Third quarter 2026 results: EPS: JP¥69.90 (up from JP¥28.87 in 3Q 2025). Revenue: JP¥17.4b (up 8.5% from 3Q 2025). Net income: JP¥661.0m (up 142% from 3Q 2025). Profit margin: 3.8% (up from 1.7% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. New Risk • Feb 09
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 6.1% 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: Major Risk Earnings have declined by 1.8% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (JP¥15.2b market cap, or US$97.4m). Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,570, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 48% over the past three years. Reported Earnings • Nov 17
Second quarter 2026 earnings released: JP¥33.74 loss per share (vs JP¥25.91 profit in 2Q 2025) Second quarter 2026 results: JP¥33.74 loss per share (down from JP¥25.91 profit in 2Q 2025). Revenue: JP¥15.5b (up 2.1% from 2Q 2025). Net loss: JP¥319.0m (down 230% from profit in 2Q 2025). 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 10% per year, which means it is well ahead of earnings. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥31.62 (vs JP¥14.49 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥31.62 (up from JP¥14.49 loss in 1Q 2025). Revenue: JP¥15.7b (up 12% from 1Q 2025). Net income: JP¥299.0m (up JP¥436.0m from 1Q 2025). Profit margin: 1.9% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. New Risk • Jul 28
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 7.7% 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 (7.7% average weekly change). Minor Risk Market cap is less than US$100m (JP¥13.9b market cap, or US$93.3m). Valuation Update With 7 Day Price Move • Jul 28
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥1,465, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 67% over the past three years. Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: JP¥105 (vs JP¥128 in FY 2024) Full year 2025 results: EPS: JP¥105 (down from JP¥128 in FY 2024). Revenue: JP¥61.6b (up 13% from FY 2024). Net income: JP¥991.0m (down 18% from FY 2024). Profit margin: 1.6% (down from 2.2% in FY 2024). The decrease in margin was driven by higher expenses. 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 7% per year, which means it is well ahead of earnings. Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥105 (vs JP¥128 in FY 2024) Full year 2025 results: EPS: JP¥105 (down from JP¥128 in FY 2024). Revenue: JP¥61.6b (up 13% from FY 2024). Net income: JP¥991.0m (down 18% from FY 2024). Profit margin: 1.6% (down from 2.2% in FY 2024). The decrease in margin was driven by higher expenses. 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 • May 13
Crops Corporation, Annual General Meeting, Jun 20, 2025 Crops Corporation, Annual General Meeting, Jun 20, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥28.87 (vs JP¥43.36 in 3Q 2024) Third quarter 2025 results: EPS: JP¥28.87 (down from JP¥43.36 in 3Q 2024). Revenue: JP¥16.1b (up 13% from 3Q 2024). Net income: JP¥273.0m (down 33% from 3Q 2024). Profit margin: 1.7% (down from 2.9% in 3Q 2024). The decrease in margin was driven by higher 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 7% per year, which means it is well ahead of earnings. New Risk • Nov 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.2% Last year net profit margin: 2.2% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (JP¥9.53b market cap, or US$61.7m). Reported Earnings • Aug 14
First quarter 2025 earnings released: JP¥14.49 loss per share (vs JP¥24.32 profit in 1Q 2024) First quarter 2025 results: JP¥14.49 loss per share (down from JP¥24.32 profit in 1Q 2024). Revenue: JP¥14.0b (up 11% from 1Q 2024). Net loss: JP¥137.0m (down 160% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year. 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¥884, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Negligible returns to shareholders over past three years. Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: JP¥128 (vs JP¥129 in FY 2023) Full year 2024 results: EPS: JP¥128. Revenue: JP¥54.5b (up 13% from FY 2023). Net income: JP¥1.21b (up 2.6% from FY 2023). Profit margin: 2.2% (down from 2.4% in FY 2023). The decrease in margin was driven by higher expenses. Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥128 (vs JP¥129 in FY 2023) Full year 2024 results: EPS: JP¥128. Revenue: JP¥54.5b (up 13% from FY 2023). Net income: JP¥1.21b (up 2.6% from FY 2023). Profit margin: 2.2% (down from 2.4% in FY 2023). The decrease in margin was driven by higher expenses. Duyuru • May 16
Crops Corporation, Annual General Meeting, Jun 21, 2024 Crops Corporation, Annual General Meeting, Jun 21, 2024. New Risk • May 14
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 5.8% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (JP¥10.2b market cap, or US$65.2m). New Risk • Mar 26
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 5.8% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (2.2% net profit margin). Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Market cap is less than US$100m (JP¥10.9b market cap, or US$71.8m). Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%). Duyuru • Mar 02
Crops Corporation to Report Fiscal Year 2024 Results on May 14, 2024 Crops Corporation announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 07
Third quarter 2024 earnings released: EPS: JP¥43.36 (vs JP¥43.60 in 3Q 2023) Third quarter 2024 results: EPS: JP¥43.36. Revenue: JP¥14.2b (up 13% from 3Q 2023). Net income: JP¥410.0m (up 4.1% from 3Q 2023). Profit margin: 2.9% (down from 3.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Duyuru • Nov 27
Crops Corporation to Report Q3, 2024 Results on Feb 05, 2024 Crops Corporation announced that they will report Q3, 2024 results on Feb 05, 2024 Reported Earnings • Nov 07
Second quarter 2024 earnings released: EPS: JP¥39.23 (vs JP¥24.46 in 2Q 2023) Second quarter 2024 results: EPS: JP¥39.23 (up from JP¥24.46 in 2Q 2023). Revenue: JP¥13.4b (up 22% from 2Q 2023). Net income: JP¥371.0m (up 68% from 2Q 2023). Profit margin: 2.8% (up from 2.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year. New Risk • Oct 30
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 5.4% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.4% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin). Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Market cap is less than US$100m (JP¥8.94b market cap, or US$59.7m). Duyuru • Sep 12
Crops Corporation to Report Q2, 2024 Results on Nov 06, 2023 Crops Corporation announced that they will report Q2, 2024 results on Nov 06, 2023 New Risk • Aug 09
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: 2.0% Last year net profit margin: 3.3% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.0% net profit margin). Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Market cap is less than US$100m (JP¥9.30b market cap, or US$64.8m). Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥24.32 (vs JP¥45.49 in 1Q 2023) First quarter 2024 results: EPS: JP¥24.32 (down from JP¥45.49 in 1Q 2023). Revenue: JP¥12.6b (up 8.9% from 1Q 2023). Net income: JP¥230.0m (down 44% from 1Q 2023). Profit margin: 1.8% (down from 3.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. New Risk • Jul 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.6% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (4.6% increase in shares outstanding). Market cap is less than US$100m (JP¥9.30b market cap, or US$66.9m). Reported Earnings • Jun 21
Full year 2023 earnings released: EPS: JP¥129 (vs JP¥163 in FY 2022) Full year 2023 results: EPS: JP¥129 (down from JP¥163 in FY 2022). Revenue: JP¥48.4b (up 6.8% from FY 2022). Net income: JP¥1.18b (down 20% from FY 2022). Profit margin: 2.4% (down from 3.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥129 (vs JP¥163 in FY 2022) Full year 2023 results: EPS: JP¥129 (down from JP¥163 in FY 2022). Revenue: JP¥48.4b (up 6.8% from FY 2022). Net income: JP¥1.18b (down 20% from FY 2022). Profit margin: 2.4% (down from 3.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Duyuru • May 14
Crops Corporation, Annual General Meeting, Jun 16, 2023 Crops Corporation, Annual General Meeting, Jun 16, 2023. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥1,306, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 11x in the Specialty Retail industry in Japan. Total returns to shareholders of 184% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share at 1.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: JP¥43.60 (vs JP¥36.85 in 3Q 2022) Third quarter 2023 results: EPS: JP¥43.60 (up from JP¥36.85 in 3Q 2022). Revenue: JP¥12.6b (up 9.7% from 3Q 2022). Net income: JP¥394.0m (up 18% from 3Q 2022). Profit margin: 3.1% (up from 2.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 01
Crops Corporation announced that it has received ¥433.86 million in funding from KDDI Corporation On January 31, 2023, Crops Corporation closed the transaction. Duyuru • Dec 08
Crops Corporation announced that it expects to receive ¥433.86 million in funding from KDDI Corporation Crops Corporation announced that it will issue 420,000 common shares at issue price of ¥1033 per share for an aggregate gross proceeds of ¥433,860,000 on December 7, 2022. The transaction will include participation from KDDI Corporation. The transaction is expected to close on January 31, 2023. The company issues shares through third-party allotment. The transaction has been approved by the board of directors of the company. Duyuru • Dec 04
Crops Corporation to Report Q3, 2023 Results on Feb 03, 2023 Crops Corporation announced that they will report Q3, 2023 results on Feb 03, 2023 Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 7 highly experienced directors. 4 independent directors (8 non-independent directors). Independent External Director Keisuke Sugiura was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 06
Second quarter 2023 earnings released: EPS: JP¥24.46 (vs JP¥32.87 in 2Q 2022) Second quarter 2023 results: EPS: JP¥24.46 (down from JP¥32.87 in 2Q 2022). Revenue: JP¥11.0b (flat on 2Q 2022). Net income: JP¥221.0m (down 26% from 2Q 2022). Profit margin: 2.0% (down from 2.7% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 03
Crops Corporation to Report Q2, 2023 Results on Nov 04, 2022 Crops Corporation announced that they will report Q2, 2023 results on Nov 04, 2022 Reported Earnings • Aug 08
First quarter 2023 earnings released: EPS: JP¥45.48 (vs JP¥40.17 in 1Q 2022) First quarter 2023 results: EPS: JP¥45.48 (up from JP¥40.17 in 1Q 2022). Revenue: JP¥11.6b (up 11% from 1Q 2022). Net income: JP¥411.0m (up 13% from 1Q 2022). Profit margin: 3.6% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 29
Crops Corporation to Report Q1, 2023 Results on Aug 05, 2022 Crops Corporation announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • Jun 22
Full year 2022 earnings released: EPS: JP¥163 (vs JP¥92.44 in FY 2021) Full year 2022 results: EPS: JP¥163 (up from JP¥92.44 in FY 2021). Revenue: JP¥45.3b (up 10% from FY 2021). Net income: JP¥1.48b (up 73% from FY 2021). Profit margin: 3.3% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 19% per year. Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥163 (vs JP¥92.44 in FY 2021) Full year 2022 results: EPS: JP¥163 (up from JP¥92.44 in FY 2021). Revenue: JP¥45.3b (up 10% from FY 2021). Net income: JP¥1.48b (up 73% from FY 2021). Profit margin: 3.3% (up from 2.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Duyuru • May 15
Crops Corporation, Annual General Meeting, Jun 17, 2022 Crops Corporation, Annual General Meeting, Jun 17, 2022. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. 4 independent directors (8 non-independent directors). Independent External Director Keisuke Sugiura was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Apr 08
Crops Corporation to Report Fiscal Year 2022 Results on May 13, 2022 Crops Corporation announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (1.6%). Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥36.85 (down from JP¥37.19 in 3Q 2021). Revenue: JP¥11.4b (up 5.2% from 3Q 2021). Net income: JP¥333.0m (flat on 3Q 2021). Profit margin: 2.9% (down from 3.1% in 3Q 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 increased by 19% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 05
Second quarter 2022 earnings released: EPS JP¥32.87 (vs JP¥31.73 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: JP¥10.9b (up 9.1% from 2Q 2021). Net income: JP¥297.0m (up 1.4% from 2Q 2021). Profit margin: 2.7% (down from 2.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 10
First quarter 2022 earnings released: EPS JP¥40.17 (vs JP¥31.69 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥10.4b (up 12% from 1Q 2021). Net income: JP¥363.0m (up 20% from 1Q 2021). Profit margin: 3.5% (up from 3.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS JP¥92.44 (vs JP¥80.14 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¥41.0b (down 4.4% from FY 2020). Net income: JP¥852.0m (up 11% from FY 2020). Profit margin: 2.1% (up from 1.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥92.43 (vs JP¥80.14 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¥41.0b (down 4.4% from FY 2020). Net income: JP¥852.0m (up 11% from FY 2020). Profit margin: 2.1% (up from 1.8% in FY 2020). The increase in margin was driven by lower expenses. 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 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 22 June 2021. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Is New 90 Day High Low • Mar 08
New 90-day high: JP¥820 The company is up 6.0% from its price of JP¥771 on 08 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Specialty Retail industry, which is also up 6.0% over the same period. Duyuru • Mar 04
Crops Corporation to Report Fiscal Year 2021 Results on May 14, 2021 Crops Corporation announced that they will report fiscal year 2021 results on May 14, 2021 Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS JP¥37.19 (vs JP¥8.55 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥10.9b (down 1.5% from 3Q 2020). Net income: JP¥336.0m (up 310% from 3Q 2020). Profit margin: 3.1% (up from 0.7% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 23
New 90-day low: JP¥734 The company is down 1.0% from its price of JP¥742 on 24 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 11% over the same period. Duyuru • Sep 03
Crops Corporation to Report Q2, 2021 Results on Nov 04, 2020 Crops Corporation announced that they will report Q2, 2021 results on Nov 04, 2020