Reported Earnings • Aug 08
Second quarter 2026 earnings released: EPS: JP¥131 (vs JP¥43.94 in 2Q 2025) Second quarter 2026 results: EPS: JP¥131 (up from JP¥43.94 in 2Q 2025). Revenue: JP¥31.6b (up 5.5% from 2Q 2025). Net income: JP¥1.60b (up 91% from 2Q 2025). Profit margin: 5.1% (up from 2.8% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥51.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 08 September 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.3%). Duyuru • Jun 15
Bell-Park Co.,Ltd. to Report Q2, 2026 Results on Aug 06, 2026 Bell-Park Co.,Ltd. announced that they will report Q2, 2026 results on Aug 06, 2026 Reported Earnings • May 13
First quarter 2026 earnings released: EPS: JP¥156 (vs JP¥89.39 in 1Q 2025) First quarter 2026 results: EPS: JP¥156 (up from JP¥89.39 in 1Q 2025). Revenue: JP¥36.2b (up 5.7% from 1Q 2025). Net income: JP¥1.91b (up 11% from 1Q 2025). Profit margin: 5.3% (up from 5.0% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 17
Bell-Park Co.,Ltd. to Report Q1, 2026 Results on May 12, 2026 Bell-Park Co.,Ltd. announced that they will report Q1, 2026 results on May 12, 2026 Reported Earnings • Feb 14
Full year 2025 earnings released: EPS: JP¥263 (vs JP¥165 in FY 2024) Full year 2025 results: EPS: JP¥263 (up from JP¥165 in FY 2024). Revenue: JP¥129.3b (up 11% from FY 2024). Net income: JP¥4.13b (up 30% from FY 2024). Profit margin: 3.2% (up from 2.7% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.7% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 12
Bell-Park Co.,Ltd., Annual General Meeting, Mar 25, 2026 Bell-Park Co.,Ltd., Annual General Meeting, Mar 25, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥56.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 March 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Duyuru • Dec 15
Bell-Park Co.,Ltd. to Report Fiscal Year 2025 Results on Feb 12, 2026 Bell-Park Co.,Ltd. announced that they will report fiscal year 2025 results on Feb 12, 2026 Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: JP¥43.82 (vs JP¥29.99 in 3Q 2024) Third quarter 2025 results: EPS: JP¥43.82. Revenue: JP¥32.0b (up 13% from 3Q 2024). Net income: JP¥533.0m (down 7.6% from 3Q 2024). Profit margin: 1.7% (down from 2.0% in 3Q 2024). 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 6.9% growth forecast for the Specialty Retail industry in Japan. Major Estimate Revision • Sep 19
Consensus revenue estimates increase by 13% The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥113.0b to JP¥128.0b. EPS estimate increased from JP¥140 to JP¥240 per share. Net income forecast to grow 0.8% next year vs 13% growth forecast for Specialty Retail industry in Japan. Consensus price target up from JP¥1,740 to JP¥2,800. Share price was steady at JP¥2,635 over the past week. Duyuru • Sep 16
Bell-Park Co.,Ltd. to Report Q3, 2025 Results on Nov 07, 2025 Bell-Park Co.,Ltd. announced that they will report Q3, 2025 results on Nov 07, 2025 Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: JP¥43.94 (vs JP¥30.87 in 2Q 2024) Second quarter 2025 results: EPS: JP¥43.94 (up from JP¥30.87 in 2Q 2024). Revenue: JP¥30.0b (up 13% from 2Q 2024). Net income: JP¥842.0m (up 42% from 2Q 2024). Profit margin: 2.8% (up from 2.2% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 9% per year. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 09 September 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.6%). Duyuru • Jun 16
Bell-Park Co.,Ltd. to Report Q2, 2025 Results on Aug 06, 2025 Bell-Park Co.,Ltd. announced that they will report Q2, 2025 results on Aug 06, 2025 Reported Earnings • May 11
First quarter 2025 earnings released: EPS: JP¥89.39 (vs JP¥73.02 in 1Q 2024) First quarter 2025 results: EPS: JP¥89.39 (up from JP¥73.02 in 1Q 2024). Revenue: JP¥34.3b (up 12% from 1Q 2024). Net income: JP¥1.72b (up 22% from 1Q 2024). Profit margin: 5.0% (up from 4.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 10
Now 20% overvalued Over the last 90 days, the stock has fallen 9.8% 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 4.2% over the last 3 years, while earnings per share has been flat. Revenue is forecast to decline by 2.6% in a year. Earnings are forecast to decline by 15% in the next year. Duyuru • Mar 17
Bell-Park Co.,Ltd. to Report Q1, 2025 Results on May 09, 2025 Bell-Park Co.,Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Reported Earnings • Feb 14
Full year 2024 earnings released: EPS: JP¥165 (vs JP¥124 in FY 2023) Full year 2024 results: EPS: JP¥165 (up from JP¥124 in FY 2023). Revenue: JP¥116.0b (flat on FY 2023). Net income: JP¥3.18b (up 33% from FY 2023). Profit margin: 2.7% (up from 2.1% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year. Duyuru • Feb 12
Bell-Park Co.,Ltd., Annual General Meeting, Mar 26, 2025 Bell-Park Co.,Ltd., Annual General Meeting, Mar 26, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 25 March 2025. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Duyuru • Dec 16
Bell-Park Co.,Ltd. to Report Fiscal Year 2024 Results on Feb 12, 2025 Bell-Park Co.,Ltd. announced that they will report fiscal year 2024 results on Feb 12, 2025 Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: JP¥29.99 (vs JP¥21.99 in 3Q 2023) Third quarter 2024 results: EPS: JP¥29.99 (up from JP¥21.99 in 3Q 2023). Revenue: JP¥28.5b (up 2.6% from 3Q 2023). Net income: JP¥577.0m (up 36% from 3Q 2023). Profit margin: 2.0% (up from 1.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings have declined by 8.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.7% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Duyuru • Sep 17
Bell-Park Co.,Ltd. to Report Q3, 2024 Results on Nov 11, 2024 Bell-Park Co.,Ltd. announced that they will report Q3, 2024 results on Nov 11, 2024 New Risk • Aug 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.4% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 09 September 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Duyuru • Jun 18
Bell-Park Co.,Ltd. to Report Q2, 2024 Results on Aug 08, 2024 Bell-Park Co.,Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024 Reported Earnings • May 12
First quarter 2024 earnings released: EPS: JP¥73.02 (vs JP¥67.83 in 1Q 2023) First quarter 2024 results: EPS: JP¥73.02 (up from JP¥67.83 in 1Q 2023). Revenue: JP¥30.6b (down 5.6% from 1Q 2023). Net income: JP¥1.41b (up 7.7% from 1Q 2023). Profit margin: 4.6% (up from 4.0% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 28
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥124 (down from JP¥131 in FY 2022). Revenue: JP¥115.5b (up 12% from FY 2022). Net income: JP¥2.38b (down 5.6% from FY 2022). Profit margin: 2.1% (down from 2.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) exceeded analyst estimates by 5.4%. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Duyuru • Mar 15
Bell-Park Co.,Ltd. to Report Q1, 2024 Results on May 10, 2024 Bell-Park Co.,Ltd. announced that they will report Q1, 2024 results on May 10, 2024 Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: JP¥124 (vs JP¥131 in FY 2022) Full year 2023 results: EPS: JP¥124 (down from JP¥131 in FY 2022). Revenue: JP¥115.5b (up 12% from FY 2022). Net income: JP¥2.38b (down 5.6% from FY 2022). Profit margin: 2.1% (down from 2.5% in FY 2022). 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 but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Duyuru • Feb 13
Bell-Park Co.,Ltd., Annual General Meeting, Mar 22, 2024 Bell-Park Co.,Ltd., Annual General Meeting, Mar 22, 2024. Duyuru • Dec 23
Bell-Park Co.,Ltd. to Report Fiscal Year 2023 Results on Feb 13, 2024 Bell-Park Co.,Ltd. announced that they will report fiscal year 2023 results on Feb 13, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥21.50 per share at 2.5% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 25 March 2024. Payout ratio is a comfortable 33% 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 (1.4%). Reported Earnings • Nov 08
Third quarter 2023 earnings released: EPS: JP¥21.99 (vs JP¥24.01 in 3Q 2022) Third quarter 2023 results: EPS: JP¥21.99 (down from JP¥24.01 in 3Q 2022). Revenue: JP¥27.8b (up 14% from 3Q 2022). Net income: JP¥423.0m (down 8.4% from 3Q 2022). Profit margin: 1.5% (down from 1.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Duyuru • Sep 15
Bell-Park Co.,Ltd. to Report Q3, 2023 Results on Nov 07, 2023 Bell-Park Co.,Ltd. announced that they will report Q3, 2023 results on Nov 07, 2023 Reported Earnings • Aug 08
Second quarter 2023 earnings released: EPS: JP¥21.05 (vs JP¥33.89 in 2Q 2022) Second quarter 2023 results: EPS: JP¥21.05 (down from JP¥33.89 in 2Q 2022). Revenue: JP¥25.4b (up 13% from 2Q 2022). Net income: JP¥405.0m (down 38% from 2Q 2022). Profit margin: 1.6% (down from 2.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥21.50 per share at 2.5% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 11 September 2023. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.3%). Duyuru • Jun 15
Bell-Park Co.,Ltd. to Report Q2, 2023 Results on Aug 07, 2023 Bell-Park Co.,Ltd. announced that they will report Q2, 2023 results on Aug 07, 2023 Reported Earnings • May 14
First quarter 2023 earnings released: EPS: JP¥67.83 (vs JP¥58.52 in 1Q 2022) First quarter 2023 results: EPS: JP¥67.83 (up from JP¥58.52 in 1Q 2022). Revenue: JP¥32.4b (up 10% from 1Q 2022). Net income: JP¥1.31b (up 16% from 1Q 2022). Profit margin: 4.0% (up from 3.8% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is expected to decline by 4.2% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 6.3%. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Mar 28
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥131 (down from JP¥170 in FY 2021). Revenue: JP¥102.8b (down 4.2% from FY 2021). Net income: JP¥2.52b (down 23% from FY 2021). Profit margin: 2.5% (down from 3.1% in FY 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) also missed analyst estimates by 3.0%. Revenue is expected to decline by 2.4% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: JP¥131 (vs JP¥170 in FY 2021) Full year 2022 results: EPS: JP¥131 (down from JP¥170 in FY 2021). Revenue: JP¥102.8b (down 4.2% from FY 2021). Net income: JP¥2.52b (down 23% from FY 2021). Profit margin: 2.5% (down from 3.1% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Duyuru • Feb 10
Bell-Park Co.,Ltd., Annual General Meeting, Mar 23, 2023 Bell-Park Co.,Ltd., Annual General Meeting, Mar 23, 2023. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥20.50 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 25 March 2023. Payout ratio is a comfortable 34% but the company is paying out more than the cash it is generating. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). Duyuru • Dec 20
Bell-Park Co.,Ltd. to Report Fiscal Year 2022 Results on Feb 09, 2023 Bell-Park Co.,Ltd. announced that they will report fiscal year 2022 results on Feb 09, 2023 Major Estimate Revision • Nov 23
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from JP¥97.9b to JP¥111.6b. EPS estimate fell from JP¥138 to JP¥135. Net income forecast to shrink 15% next year vs 5.1% growth forecast for Specialty Retail industry in Japan . Consensus price target of JP¥2,080 unchanged from last update. Share price was steady at JP¥2,036 over the past week. Price Target Changed • Nov 16
Price target decreased to JP¥2,080 Down from JP¥2,360, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥2,014. Stock is down 25% over the past year. The company is forecast to post earnings per share of JP¥138 for next year compared to JP¥170 last year. Board Change • Nov 16
No independent directors 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. 3 experienced directors. 7 highly experienced directors. No independent directors (8 non-independent directors). Director Kento Nishikawa was the last 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: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: JP¥24.01 (vs JP¥18.24 in 3Q 2021) Third quarter 2022 results: EPS: JP¥24.01 (up from JP¥18.24 in 3Q 2021). Revenue: JP¥24.3b (down 1.1% from 3Q 2021). Net income: JP¥462.0m (up 32% from 3Q 2021). Profit margin: 1.9% (up from 1.4% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue is expected to decline by 9.7% p.a. on average during the next 2 years, while revenues in the Specialty Retail industry in Japan are expected to grow by 5.6%. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Duyuru • Sep 17
Bell-Park Co.,Ltd. to Report Q3, 2022 Results on Nov 07, 2022 Bell-Park Co.,Ltd. announced that they will report Q3, 2022 results on Nov 07, 2022 Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: JP¥33.89 (vs JP¥36.43 in 2Q 2021) Second quarter 2022 results: EPS: JP¥33.89 (down from JP¥36.43 in 2Q 2021). Revenue: JP¥22.5b (down 14% from 2Q 2021). Net income: JP¥652.0m (down 7.0% from 2Q 2021). Profit margin: 2.9% (up from 2.7% in 2Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 1.6%, compared to a 7.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥20.50 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 12 September 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (1.7%). Duyuru • Jun 17
Bell-Park Co.,Ltd. to Report Q2, 2022 Results on Aug 04, 2022 Bell-Park Co.,Ltd. announced that they will report Q2, 2022 results on Aug 04, 2022 Reported Earnings • May 15
First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2022 results: EPS: JP¥58.52 (down from JP¥85.60 in 1Q 2021). Revenue: JP¥29.4b (down 2.4% from 1Q 2021). Net income: JP¥1.13b (down 32% from 1Q 2021). Profit margin: 3.8% (down from 5.5% in 1Q 2021). Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the next year, revenue is expected to shrink by 7.0% compared to a 7.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to JP¥2,360 Up from JP¥2,123, the current price target is provided by 1 analyst. New target price is 26% above last closing price of JP¥1,870. Stock is down 9.1% over the past year. The company is forecast to post earnings per share of JP¥133 for next year compared to JP¥511 last year. Board Change • Apr 27
No independent directors 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. 3 experienced directors. 7 highly experienced directors. No independent directors (8 non-independent directors). Director Kento Nishikawa was the last 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: Lack of independent directors. Insufficient board refreshment. Duyuru • Apr 08
Bell-Park Co.,Ltd. to Report Q1, 2022 Results on May 12, 2022 Bell-Park Co.,Ltd. announced that they will report Q1, 2022 results on May 12, 2022 Duyuru • Feb 12
Bell-Park Co.,Ltd., Annual General Meeting, Mar 24, 2022 Bell-Park Co.,Ltd., Annual General Meeting, Mar 24, 2022. Reported Earnings • Feb 10
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: JP¥511 (up from JP¥188 in FY 2020). Revenue: JP¥107.3b (up 8.5% from FY 2020). Net income: JP¥3.28b (down 9.5% from FY 2020). Profit margin: 3.1% (down from 3.7% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to stay flat compared to a 7.2% growth forecast for the retail industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥68.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 March 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS JP¥54.73 (vs JP¥115 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¥24.6b (up 2.7% from 3Q 2020). Net income: JP¥351.0m (down 52% from 3Q 2020). Profit margin: 1.4% (down from 3.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Aug 17
Consensus revenue estimates increase to JP¥108.1b The consensus outlook for revenues in 2021 has improved. 2021 revenue forecast increased from JP¥96.1b to JP¥108.1b. EPS estimate increased from JP¥457 to JP¥469 per share. Net income forecast to shrink 16% next year vs 1.5% growth forecast for Specialty Retail industry in Japan . Consensus price target up from JP¥6,370 to JP¥7,080. Share price was steady at JP¥7,090 over the past week. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS JP¥109 (vs JP¥67.20 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥26.2b (up 46% from 2Q 2020). Net income: JP¥701.0m (up 63% from 2Q 2020). Profit margin: 2.7% (up from 2.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 14% per year. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥68.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 11 September 2021. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.3%). Reported Earnings • May 16
First quarter 2021 earnings released: EPS JP¥257 (vs JP¥302 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: JP¥30.1b (up 2.3% from 1Q 2020). Net income: JP¥1.65b (down 15% from 1Q 2020). Profit margin: 5.5% (down from 6.6% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS JP¥564 (vs JP¥474 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥98.8b (down 4.3% from FY 2019). Net income: JP¥3.62b (up 19% from FY 2019). Profit margin: 3.7% (up from 2.9% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Duyuru • Mar 21
Bell-Park Co.,Ltd. to Report Q1, 2021 Results on May 11, 2021 Bell-Park Co.,Ltd. announced that they will report Q1, 2021 results on May 11, 2021 Is New 90 Day High Low • Mar 09
New 90-day low: JP¥6,290 The company is down 4.0% from its price of JP¥6,580 on 09 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 Specialty Retail industry, which is up 5.0% over the same period. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥564 (vs JP¥474 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥98.8b (down 4.3% from FY 2019). Net income: JP¥3.62b (up 19% from FY 2019). Profit margin: 3.7% (up from 2.9% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 18% per year. Duyuru • Feb 12
Bell-Park Co.,Ltd., Annual General Meeting, Mar 24, 2021 Bell-Park Co.,Ltd., Annual General Meeting, Mar 24, 2021. Duyuru • Dec 25
Bell-Park Co.,Ltd. to Report Fiscal Year 2020 Results on Feb 10, 2021 Bell-Park Co.,Ltd. announced that they will report fiscal year 2020 results on Feb 10, 2021 Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥103 Per Share Will be paid on the 25th of March to those who are registered shareholders by the 29th of December. The trailing yield of 1.8% is below the top quartile of Japanese dividend payers (3.0%), but it is higher than industry peers (1.1%). Is New 90 Day High Low • Dec 21
New 90-day high: JP¥7,000 The company is up 36% from its price of JP¥5,150 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Specialty Retail industry, which is up 13% over the same period. Major Estimate Revision • Nov 19
Analysts increase EPS estimates to JP¥617 The 2020 consensus revenue estimate increased from JP¥102.1b to JP¥106.1b. The earnings per share estimate also received an upgrade from JP¥541 to JP¥617 for the same period. Net income is expected to shrink by 1.9% next year compared to 15% growth forecast for the Specialty Retail industry in Japan . The consensus price target of JP¥6,370 was unchanged from the last update. Share price is down by 4.1% to JP¥6,480 over the past week. Reported Earnings • Nov 09
Third quarter 2020 earnings released: EPS JP¥115 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: JP¥23.9b (down 6.5% from 3Q 2019). Net income: JP¥737.0m (up 19% from 3Q 2019). Profit margin: 3.1% (up from 2.4% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 24% per year. Is New 90 Day High Low • Oct 26
New 90-day high: JP¥6,350 The company is up 11% from its price of JP¥5,700 on 28 July 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Specialty Retail industry, which is also up 11% over the same period. Duyuru • Oct 04
Bell-Park Co.,Ltd. to Report Q3, 2020 Results on Nov 06, 2020 Bell-Park Co.,Ltd. announced that they will report Q3, 2020 results on Nov 06, 2020 Duyuru • Jun 29
Bell-Park Co.,Ltd. to Report Q2, 2020 Results on Aug 05, 2020 Bell-Park Co.,Ltd. announced that they will report Q2, 2020 results on Aug 05, 2020