Declared Dividend • Jun 12
Final dividend of JP¥11.00 announced Dividend of JP¥11.00 is the same as last year. Ex-date: 28th August 2026 Payment date: 10th November 2026 Dividend yield will be 0.7%, which is higher than the industry average of 0.6%. Payout Ratios Payout ratio: 31%. Cash payout ratio: 35%. Announcement • May 09
Yoshinoya Holdings Co., Ltd. to Report Q1, 2027 Results on Jul 08, 2026 Yoshinoya Holdings Co., Ltd. announced that they will report Q1, 2027 results at 9:00 AM, Tokyo Standard Time on Jul 08, 2026 Reported Earnings • Apr 10
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥72.08 (up from JP¥58.77 in FY 2025). Revenue: JP¥225.7b (up 10% from FY 2025). Net income: JP¥4.67b (up 23% from FY 2025). Profit margin: 2.1% (up from 1.9% 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 4.9%. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Apr 09
Yoshinoya Holdings Co., Ltd., Annual General Meeting, May 26, 2026 Yoshinoya Holdings Co., Ltd., Annual General Meeting, May 26, 2026. Announcement • Mar 11
Yoshinoya Holdings Co., Ltd. to Report Fiscal Year 2026 Results on Apr 09, 2026 Yoshinoya Holdings Co., Ltd. announced that they will report fiscal year 2026 results on Apr 09, 2026 Upcoming Dividend • Feb 19
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 08 May 2026. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (0.9%). Reported Earnings • Jan 09
Third quarter 2026 earnings released: EPS: JP¥10.85 (vs JP¥17.28 in 3Q 2025) Third quarter 2026 results: EPS: JP¥10.85 (down from JP¥17.28 in 3Q 2025). Revenue: JP¥56.2b (up 7.1% from 3Q 2025). Net income: JP¥702.0m (down 37% from 3Q 2025). Profit margin: 1.2% (down from 2.1% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Declared Dividend • Nov 11
First half dividend of JP¥11.00 announced Shareholders will receive a dividend of JP¥11.00. Ex-date: 26th February 2026 Payment date: 8th May 2026 Dividend yield will be 0.7%, which is higher than the industry average of 0.6%. Payout Ratios Payout ratio: 32%. Cash payout ratio: 246%. Announcement • Nov 01
Yoshinoya Holdings Co., Ltd. to Report Q3, 2026 Results on Jan 07, 2026 Yoshinoya Holdings Co., Ltd. announced that they will report Q3, 2026 results on Jan 07, 2026 Major Estimate Revision • Oct 17
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥65.68 to JP¥72.64. Revenue forecast unchanged at JP¥223.4b. Net income forecast to grow 15% next year vs 14% growth forecast for Hospitality industry in Japan. Consensus price target of JP¥2,300 unchanged from last update. Share price was steady at JP¥3,195 over the past week. Reported Earnings • Oct 10
Second quarter 2026 earnings released: EPS: JP¥29.39 (vs JP¥23.68 in 2Q 2025) Second quarter 2026 results: EPS: JP¥29.39 (up from JP¥23.68 in 2Q 2025). Revenue: JP¥58.2b (up 13% from 2Q 2025). Net income: JP¥1.90b (up 24% from 2Q 2025). Profit margin: 3.3% (up from 3.0% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Aug 27
Yoshinoya Holdings Co., Ltd. to Report Q2, 2026 Results on Oct 09, 2025 Yoshinoya Holdings Co., Ltd. announced that they will report Q2, 2026 results on Oct 09, 2025 Upcoming Dividend • Aug 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 10 November 2025. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (0.7%). Price Target Changed • Jul 14
Price target increased by 17% to JP¥2,100 Up from JP¥1,800, the current price target is provided by 1 analyst. New target price is 38% below last closing price of JP¥3,365. Stock is up 17% over the past year. The company is forecast to post earnings per share of JP¥65.68 for next year compared to JP¥58.77 last year. Reported Earnings • Jul 10
First quarter 2026 earnings released: EPS: JP¥11.47 (vs JP¥10.53 in 1Q 2025) First quarter 2026 results: EPS: JP¥11.47 (up from JP¥10.53 in 1Q 2025). Revenue: JP¥52.2b (up 9.8% from 1Q 2025). Net income: JP¥742.0m (up 9.0% from 1Q 2025). Profit margin: 1.4% (in line with 1Q 2025). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Declared Dividend • Jun 18
Final dividend of JP¥10.00 announced Dividend of JP¥10.00 is the same as last year. Ex-date: 28th August 2025 Payment date: 10th November 2025 Dividend yield will be 0.6%, which is about the same as the industry average. Announcement • Apr 26
Yoshinoya Holdings Co., Ltd. to Report Q1, 2026 Results on Jul 08, 2025 Yoshinoya Holdings Co., Ltd. announced that they will report Q1, 2026 results on Jul 08, 2025 Reported Earnings • Apr 11
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥58.77 (down from JP¥86.63 in FY 2024). Revenue: JP¥205.0b (up 9.3% from FY 2024). Net income: JP¥3.80b (down 32% from FY 2024). Profit margin: 1.9% (down from 3.0% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 01 May 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (0.8%). Announcement • Feb 03
Yoshinoya Holdings Co., Ltd. to Report Fiscal Year 2025 Results on Apr 10, 2025 Yoshinoya Holdings Co., Ltd. announced that they will report fiscal year 2025 results on Apr 10, 2025 Reported Earnings • Jan 15
Third quarter 2025 earnings released: EPS: JP¥17.28 (vs JP¥22.55 in 3Q 2024) Third quarter 2025 results: EPS: JP¥17.28 (down from JP¥22.55 in 3Q 2024). Revenue: JP¥52.4b (up 11% from 3Q 2024). Net income: JP¥1.12b (down 23% from 3Q 2024). Profit margin: 2.1% (down from 3.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Hospitality 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 increased by 8% per year, which means it is well ahead of earnings. Announcement • Nov 27
Yoshinoya Holdings Co., Ltd. to Report Q3, 2025 Results on Jan 10, 2025 Yoshinoya Holdings Co., Ltd. announced that they will report Q3, 2025 results on Jan 10, 2025 Reported Earnings • Oct 15
Second quarter 2025 earnings released: EPS: JP¥23.68 (vs JP¥28.67 in 2Q 2024) Second quarter 2025 results: EPS: JP¥23.68 (down from JP¥28.67 in 2Q 2024). Revenue: JP¥51.8b (up 9.3% from 2Q 2024). Net income: JP¥1.53b (down 17% from 2Q 2024). Profit margin: 3.0% (down from 3.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Sep 30
Now 20% undervalued Over the last 90 days, the stock has risen 1.3% to JP¥3,141. The fair value is estimated to be JP¥3,944, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to decline by 18% in the next 2 years. Buy Or Sell Opportunity • Sep 11
Now 22% undervalued Over the last 90 days, the stock has risen 3.4% to JP¥3,121. The fair value is estimated to be JP¥3,979, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to decline by 18% in the next 2 years. Announcement • Aug 28
Yoshinoya Holdings Co., Ltd. to Report Q2, 2025 Results on Oct 09, 2024 Yoshinoya Holdings Co., Ltd. announced that they will report Q2, 2025 results on Oct 09, 2024 Upcoming Dividend • Aug 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 08 November 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (0.8%). Buy Or Sell Opportunity • Jul 22
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.7% to JP¥2,701. The fair value is estimated to be JP¥3,513, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.2% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to decline by 18% in the next 2 years. Major Estimate Revision • Jul 20
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥72.11 to JP¥63.37 per share. Revenue forecast steady at JP¥202.3b. Net income forecast to shrink 21% next year vs 14% growth forecast for Hospitality industry in Japan . Consensus price target down from JP¥2,800 to JP¥1,900. Share price was steady at JP¥2,842 over the past week. New Risk • Jul 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.6% 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 0.6% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (2.8% net profit margin). Reported Earnings • Jul 12
First quarter 2025 earnings released: EPS: JP¥10.53 (vs JP¥15.83 in 1Q 2024) First quarter 2025 results: EPS: JP¥10.53 (down from JP¥15.83 in 1Q 2024). Revenue: JP¥47.5b (up 7.4% from 1Q 2024). Net income: JP¥681.0m (down 34% from 1Q 2024). Profit margin: 1.4% (down from 2.3% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 01
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥86.63 (down from JP¥112 in FY 2023). Revenue: JP¥187.5b (up 12% from FY 2023). Net income: JP¥5.60b (down 23% from FY 2023). Profit margin: 3.0% (down from 4.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • May 03
Yoshinoya Holdings Co., Ltd. to Report Q1, 2025 Results on Jul 10, 2024 Yoshinoya Holdings Co., Ltd. announced that they will report Q1, 2025 results on Jul 10, 2024 Major Estimate Revision • Apr 23
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥64.90 to JP¥71.87. Revenue forecast steady at JP¥204.2b. Net income forecast to shrink 17% next year vs 27% growth forecast for Hospitality industry in Japan . Consensus price target down from JP¥3,100 to JP¥2,800. Share price was steady at JP¥2,894 over the past week. Major Estimate Revision • Apr 17
Consensus EPS estimates fall by 24%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from JP¥197.4b to JP¥203.3b. EPS estimate fell from JP¥85.11 to JP¥64.90 per share. Net income forecast to shrink 25% next year vs 28% growth forecast for Hospitality industry in Japan . Consensus price target of JP¥3,100 unchanged from last update. Share price fell 11% to JP¥2,852 over the past week. Announcement • Apr 12
Yoshinoya Holdings Co., Ltd., Annual General Meeting, May 28, 2024 Yoshinoya Holdings Co., Ltd., Annual General Meeting, May 28, 2024. Reported Earnings • Apr 11
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥86.63 (down from JP¥112 in FY 2023). Revenue: JP¥187.5b (up 12% from FY 2023). Net income: JP¥5.60b (down 23% from FY 2023). Profit margin: 3.0% (down from 4.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 21
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 02 May 2024. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (0.6%). Announcement • Jan 31
Yoshinoya Holdings Co., Ltd. to Report Fiscal Year 2024 Results on Apr 10, 2024 Yoshinoya Holdings Co., Ltd. announced that they will report fiscal year 2024 results on Apr 10, 2024 Reported Earnings • Jan 13
Third quarter 2024 earnings released: EPS: JP¥22.55 (vs JP¥16.71 in 3Q 2023) Third quarter 2024 results: EPS: JP¥22.55 (up from JP¥16.71 in 3Q 2023). Revenue: JP¥47.2b (up 10.0% from 3Q 2023). Net income: JP¥1.46b (up 35% from 3Q 2023). Profit margin: 3.1% (up from 2.5% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Oct 29
Yoshinoya Holdings Co., Ltd. to Report Q3, 2024 Results on Jan 11, 2024 Yoshinoya Holdings Co., Ltd. announced that they will report Q3, 2024 results on Jan 11, 2024 Major Estimate Revision • Oct 24
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥181.0b to JP¥184.2b. EPS estimate increased from JP¥61.05 to JP¥67.25 per share. Net income forecast to shrink 12% next year vs 24% growth forecast for Hospitality industry in Japan . Consensus price target up from JP¥2,600 to JP¥3,300. Share price rose 4.4% to JP¥3,292 over the past week. Price Target Changed • Oct 23
Price target increased by 32% to JP¥3,300 Up from JP¥2,500, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥3,156. Stock is up 38% over the past year. The company is forecast to post earnings per share of JP¥67.25 for next year compared to JP¥112 last year. New Risk • Oct 12
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: 3.0% Last year net profit margin: 6.0% 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. This is currently the only risk that has been identified for the company. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥5.00 per share at 0.4% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 08 November 2023. Payout ratio is a comfortable 9.5% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (0.5%). Announcement • Jul 30
Yoshinoya Holdings Co., Ltd. to Report Q2, 2024 Results on Oct 11, 2023 Yoshinoya Holdings Co., Ltd. announced that they will report Q2, 2024 results on Oct 11, 2023 Major Estimate Revision • Jul 20
Consensus EPS estimates increase by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥174.7b to JP¥176.4b. EPS estimate increased from JP¥42.28 to JP¥48.45 per share. Net income forecast to shrink 50% next year vs 17% growth forecast for Hospitality industry in Japan . Consensus price target up from JP¥2,500 to JP¥2,600. Share price was steady at JP¥2,726 over the past week. Price Target Changed • Jul 18
Price target increased by 8.3% to JP¥2,600 Up from JP¥2,400, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥2,701. Stock is up 4.6% over the past year. The company is forecast to post earnings per share of JP¥42.28 for next year compared to JP¥112 last year. Reported Earnings • Jul 16
First quarter 2024 earnings released: EPS: JP¥15.83 (vs JP¥22.58 in 1Q 2023) First quarter 2024 results: EPS: JP¥15.83 (down from JP¥22.58 in 1Q 2023). Revenue: JP¥44.3b (up 9.9% from 1Q 2023). Net income: JP¥1.02b (down 30% from 1Q 2023). Profit margin: 2.3% (down from 3.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Jun 09
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. 3 non-independent directors. Independent Outside Director Daisaku Fujikawa was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 30
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥112 (down from JP¥126 in FY 2022). Revenue: JP¥168.1b (up 9.4% from FY 2022). Net income: JP¥7.23b (down 11% from FY 2022). Profit margin: 4.3% (down from 5.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 65%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Apr 21
Consensus EPS estimates fall by 18%, revenue upgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from JP¥172.8b to JP¥176.4b. EPS estimate fell from JP¥51.98 to JP¥42.75 per share. Net income forecast to shrink 62% next year vs 24% growth forecast for Hospitality industry in Japan . Consensus price target up from JP¥2,400 to JP¥2,500. Share price was steady at JP¥2,470 over the past week. Reported Earnings • Apr 13
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥112 (down from JP¥126 in FY 2022). Revenue: JP¥168.1b (up 9.4% from FY 2022). Net income: JP¥7.23b (down 11% from FY 2022). Profit margin: 4.3% (down from 5.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 65%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥5.00 per share at 0.4% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 29 May 2023. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (0.5%). Announcement • Feb 04
Yoshinoya Holdings Co., Ltd. to Report Fiscal Year 2023 Results on Apr 12, 2023 Yoshinoya Holdings Co., Ltd. announced that they will report fiscal year 2023 results on Apr 12, 2023 Major Estimate Revision • Jan 23
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥78.27 to JP¥68.00 per share. Revenue forecast steady at JP¥167.1b. Net income forecast to shrink 54% next year vs 6.8% growth forecast for Hospitality industry in Japan . Consensus price target of JP¥2,500 unchanged from last update. Share price was steady at JP¥2,324 over the past week. Reported Earnings • Jan 14
Third quarter 2023 earnings released: EPS: JP¥16.71 (vs JP¥46.79 in 3Q 2022) Third quarter 2023 results: EPS: JP¥16.71 (down from JP¥46.79 in 3Q 2022). Revenue: JP¥42.9b (up 9.5% from 3Q 2022). Net income: JP¥1.08b (down 64% from 3Q 2022). Profit margin: 2.5% (down from 7.7% in 3Q 2022). 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 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Nov 02
Yoshinoya Holdings Co., Ltd. to Report Q3, 2023 Results on Jan 13, 2023 Yoshinoya Holdings Co., Ltd. announced that they will report Q3, 2023 results on Jan 13, 2023 Major Estimate Revision • Oct 21
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate increased from JP¥53.95 to JP¥67.81. Revenue forecast steady at JP¥166.1b. Net income forecast to shrink 62% next year vs 2.2% decline forecast for Hospitality industry in Japan. Consensus price target up from JP¥2,400 to JP¥2,500. Share price was steady at JP¥2,302 over the past week. Price Target Changed • Oct 19
Price target increased to JP¥2,500 Up from JP¥2,300, the current price target is provided by 1 analyst. New target price is 11% above last closing price of JP¥2,262. Stock is up 4.1% over the past year. The company is forecast to post earnings per share of JP¥67.81 for next year compared to JP¥126 last year. Reported Earnings • Oct 13
Second quarter 2023 earnings released: EPS: JP¥50.02 (vs JP¥24.65 in 2Q 2022) Second quarter 2023 results: EPS: JP¥50.02 (up from JP¥24.65 in 2Q 2022). Revenue: JP¥41.5b (up 9.8% from 2Q 2022). Net income: JP¥3.24b (up 103% from 2Q 2022). Profit margin: 7.8% (up from 4.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Hospitality industry in Japan. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 08 November 2022. Payout ratio is a comfortable 8.0% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (0.5%). Announcement • Aug 06
Yoshinoya Holdings Co., Ltd. to Report Q2, 2023 Results on Oct 12, 2022 Yoshinoya Holdings Co., Ltd. announced that they will report Q2, 2023 results on Oct 12, 2022 Price Target Changed • Jul 22
Price target increased to JP¥2,400 Up from JP¥2,200, the current price target is an average from 3 analysts. New target price is 7.1% below last closing price of JP¥2,584. Stock is up 26% over the past year. The company is forecast to post earnings per share of JP¥53.95 for next year compared to JP¥126 last year. Reported Earnings • Jul 15
First quarter 2023 earnings released: EPS: JP¥22.58 (vs JP¥23.72 in 1Q 2022) First quarter 2023 results: EPS: JP¥22.58 (down from JP¥23.72 in 1Q 2022). Revenue: JP¥40.3b (up 11% from 1Q 2022). Net income: JP¥1.46b (down 4.8% from 1Q 2022). Profit margin: 3.6% (down from 4.2% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 6.5%, compared to a 47% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 02
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥126 (up from JP¥116 loss in FY 2021). Revenue: JP¥153.6b (down 9.8% from FY 2021). Net income: JP¥8.12b (up JP¥15.6b from FY 2021). Profit margin: 5.3% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 8.6%, compared to a 49% growth forecast for the restaurants industry in Japan. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • May 02
Yoshinoya Holdings Co., Ltd. to Report Q1, 2023 Results on Jul 13, 2022 Yoshinoya Holdings Co., Ltd. announced that they will report Q1, 2023 results on Jul 13, 2022 Board Change • Apr 27
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. 3 non-independent directors. Independent Outside Director Eizou Uchikura was the last independent director to join the board, commencing their role in 2011. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Apr 21
Consensus EPS estimates increase by 73% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥161.8b to JP¥166.5b. EPS estimate increased from JP¥30.33 to JP¥52.60 per share. Net income forecast to shrink 58% next year vs 0.3% growth forecast for Hospitality industry in Japan . Consensus price target up from JP¥2,200 to JP¥2,300. Share price was steady at JP¥2,393 over the past week. Price Target Changed • Apr 20
Price target increased to JP¥2,300 Up from JP¥2,100, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥2,393. Stock is up 13% over the past year. The company is forecast to post earnings per share of JP¥52.60 for next year compared to JP¥126 last year. Announcement • Apr 15
Yoshinoya Holdings Co., Ltd., Annual General Meeting, May 26, 2022 Yoshinoya Holdings Co., Ltd., Annual General Meeting, May 26, 2022. Reported Earnings • Apr 14
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥126 (up from JP¥116 loss in FY 2021). Revenue: JP¥153.6b (down 9.8% from FY 2021). Net income: JP¥8.12b (up JP¥15.6b from FY 2021). Profit margin: 5.3% (up from net loss in FY 2021). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 5.4%, compared to a 68% growth forecast for the restaurants industry in Japan. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
Yoshinoya Holdings Co., Ltd. to Report Q4, 2022 Results on Apr 13, 2022 Yoshinoya Holdings Co., Ltd. announced that they will report Q4, 2022 results on Apr 13, 2022 Announcement • Jan 27
Fried Green Tomato Co., Ltd. entered into a share transfer agreement to acquire Green's Planet Co.,Ltd. from Yoshinoya Holdings Co., Ltd. (TSE:9861). Fried Green Tomato Co., Ltd. entered into a share transfer agreement to acquire Green's Planet Co.,Ltd. from Yoshinoya Holdings Co., Ltd. (TSE:9861) on January 25, 2022. The transaction is expected to complete on March 1, 2022. The transaction will have a minor impact on the consolidated financial results of Yoshinoya Holdings for the current fiscal year. Major Estimate Revision • Jan 19
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥77.35 to JP¥127. Revenue forecast steady at JP¥153.9b. Net income forecast to shrink 11% next year vs 31% growth forecast for Hospitality industry in Japan . Consensus price target of JP¥2,200 unchanged from last update. Share price rose 5.6% to JP¥2,382 over the past week. Reported Earnings • Jan 13
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥46.79 (up from JP¥3.23 in 3Q 2021). Revenue: JP¥39.2b (down 13% from 3Q 2021). Net income: JP¥3.03b (up JP¥2.82b from 3Q 2021). Profit margin: 7.7% (up from 0.5% in 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Over the next year, revenue is forecast to grow 2.5%, compared to a 56% growth forecast for the industry in Japan. 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 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 14
Second quarter 2022 earnings released: EPS JP¥24.65 (vs JP¥25.08 loss in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥37.8b (down 11% from 2Q 2021). Net income: JP¥1.59b (up JP¥3.22b from 2Q 2021). Profit margin: 4.2% (up from net loss in 2Q 2021). 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 7% per year, which means it is well ahead of earnings. Reported Earnings • Jul 12
First quarter 2022 earnings released: EPS JP¥23.72 (vs JP¥63.26 loss in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥36.5b (down 8.1% from 1Q 2021). Net income: JP¥1.53b (up JP¥5.62b from 1Q 2021). Profit margin: 4.2% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Jun 02
Full year 2021 earnings released: JP¥116 loss per share (vs JP¥11.04 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥170.3b (down 21% from FY 2020). Net loss: JP¥7.50b (down JP¥8.22b from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 16
Full year 2021 earnings released: JP¥116 loss per share (vs JP¥11.04 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥170.3b (down 21% from FY 2020). Net loss: JP¥7.50b (down JP¥8.22b from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. 
