Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥2,907, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Consumer Durables industry in Japan. Total loss to shareholders of 3.0% over the past three years. Upcoming Dividend • May 21
Upcoming dividend of JP¥125 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 28 August 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%). Announcement • May 13
Tama Home Co., Ltd. to Report Fiscal Year 2026 Results on Jul 14, 2026 Tama Home Co., Ltd. announced that they will report fiscal year 2026 results at 9:00 AM, Tokyo Standard Time on Jul 14, 2026 Buy Or Sell Opportunity • Apr 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.4% to JP¥3,550. The fair value is estimated to be JP¥4,464, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.8% over the last 3 years. Earnings per share has declined by 47%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Reported Earnings • Apr 11
Third quarter 2026 earnings released: JP¥59.89 loss per share (vs JP¥72.34 loss in 3Q 2025) Third quarter 2026 results: JP¥59.89 loss per share (improved from JP¥72.34 loss in 3Q 2025). Revenue: JP¥32.4b (up 7.4% from 3Q 2025). Net loss: JP¥1.74b (loss narrowed 17% from 3Q 2025). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Apr 02
Tama Home Co., Ltd. to Report Q3, 2026 Results on Apr 10, 2026 Tama Home Co., Ltd. announced that they will report Q3, 2026 results on Apr 10, 2026 Declared Dividend • Jan 15
Dividend of JP¥196 announced Shareholders will receive a dividend of JP¥196. Ex-date: 28th May 2026 Payment date: 28th August 2026 Dividend yield will be 5.3%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is not covered by earnings (233% earnings payout ratio) nor is it covered by cash flows (205% cash payout ratio). The dividend has increased by an average of 35% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 159% to bring the payout ratio under control. EPS is expected to grow by 84% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Jan 14
Second quarter 2026 earnings released: EPS: JP¥65.58 (vs JP¥22.80 in 2Q 2025) Second quarter 2026 results: EPS: JP¥65.58 (up from JP¥22.80 in 2Q 2025). Revenue: JP¥59.3b (up 4.2% from 2Q 2025). Net income: JP¥1.90b (up 188% from 2Q 2025). Profit margin: 3.2% (up from 1.2% in 2Q 2025). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • Jan 14
Tama Home Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending May 31, 2026 Tama Home Co., Ltd. provided consolidated earnings guidance for the fiscal year ending May 31, 2026. For the year, the company expects net sales to be JPY 209,000 million. Operating profit to be JPY 4,700 million. Profit attributable to owners of parent to be JPY 1,350 million. Basic earnings per share to be JPY 46.57. Announcement • Nov 05
Tama Home Co., Ltd. to Report Q2, 2026 Results on Jan 13, 2026 Tama Home Co., Ltd. announced that they will report Q2, 2026 results on Jan 13, 2026 Reported Earnings • Oct 15
First quarter 2026 earnings released: JP¥97.73 loss per share (vs JP¥87.52 loss in 1Q 2025) First quarter 2026 results: JP¥97.73 loss per share (further deteriorated from JP¥87.52 loss in 1Q 2025). Revenue: JP¥29.1b (down 21% from 1Q 2025). Net loss: JP¥2.83b (loss widened 12% from 1Q 2025). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Sep 02
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥50.99 (down from JP¥302 in FY 2024). Revenue: JP¥200.8b (down 19% from FY 2024). Net income: JP¥1.48b (down 83% from FY 2024). Profit margin: 0.7% (down from 3.5% in FY 2024). Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) exceeded analyst estimates by 18%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Announcement • Aug 15
Tama Home Co., Ltd. to Report Q1, 2026 Results on Oct 14, 2025 Tama Home Co., Ltd. announced that they will report Q1, 2026 results on Oct 14, 2025 New Risk • Jul 15
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 137% Dividend per share is over 11x cash flows per share. Dividend yield: 5.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 137% Dividend per share is over 11x cash flows per share. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). New Risk • Jul 14
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: 0.7% Last year net profit margin: 3.5% 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 Dividend is not well covered by earnings (137% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Reported Earnings • Jul 14
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥50.99 (down from JP¥302 in FY 2024). Revenue: JP¥200.8b (down 19% from FY 2024). Net income: JP¥1.48b (down 83% from FY 2024). Profit margin: 0.7% (down from 3.5% in FY 2024). Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) exceeded analyst estimates by 18%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Consumer Durables industry in Japan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Upcoming Dividend • May 22
Upcoming dividend of JP¥195 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 29 August 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.7%). Announcement • May 14
Tama Home Co., Ltd. to Report Fiscal Year 2025 Results on Jul 11, 2025 Tama Home Co., Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on Jul 11, 2025 Reported Earnings • Apr 11
Third quarter 2025 earnings released: JP¥72.34 loss per share (vs JP¥39.33 loss in 3Q 2024) Third quarter 2025 results: JP¥72.34 loss per share (further deteriorated from JP¥39.33 loss in 3Q 2024). Revenue: JP¥30.1b (down 24% from 3Q 2024). Net loss: JP¥2.10b (loss widened 84% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • Feb 21
Tama Home Co., Ltd. to Report Q3, 2025 Results on Apr 10, 2025 Tama Home Co., Ltd. announced that they will report Q3, 2025 results on Apr 10, 2025 Announcement • Jan 16
Tama Home Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending May 31, 2025 Tama Home Co., Ltd. provided consolidated earnings guidance for the fiscal year ending May 31, 2025. For the year, the company expects net sales to be JPY 207,000 million. Operating profit to be JPY 4,000 million. Profit attributable to owners of parent to be JPY 1,400 million. Basic earnings per share to be JPY 48.30. Declared Dividend • Jan 16
Dividend of JP¥195 announced Shareholders will receive a dividend of JP¥195. Ex-date: 29th May 2025 Payment date: 29th August 2025 Dividend yield will be 6.3%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is not covered by earnings (111% earnings payout ratio). However, it is covered by cash flows (51% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 23% to bring the payout ratio under control, which is more than the 3.1% EPS growth achieved over the last 5 years. Reported Earnings • Jan 15
Second quarter 2025 earnings released: EPS: JP¥22.80 (vs JP¥33.50 in 2Q 2024) Second quarter 2025 results: EPS: JP¥22.80 (down from JP¥33.50 in 2Q 2024). Revenue: JP¥57.0b (down 4.3% from 2Q 2024). Net income: JP¥661.0m (down 32% from 2Q 2024). Profit margin: 1.2% (down from 1.6% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 22
Now 21% overvalued Over the last 90 days, the stock has fallen 14% to JP¥3,850. The fair value is estimated to be JP¥3,191, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 9.0%. Reported Earnings • Oct 17
First quarter 2025 earnings released: JP¥87.52 loss per share (vs JP¥32.15 profit in 1Q 2024) First quarter 2025 results: JP¥87.52 loss per share (down from JP¥32.15 profit in 1Q 2024). Revenue: JP¥36.8b (down 31% from 1Q 2024). Net loss: JP¥2.54b (down 372% from profit in 1Q 2024). 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 18% per year, which means it is well ahead of earnings. Announcement • Aug 30
Tama Home Co., Ltd. to Report Q1, 2025 Results on Oct 11, 2024 Tama Home Co., Ltd. announced that they will report Q1, 2025 results on Oct 11, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥3,780, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 91% over the past three years. Buy Or Sell Opportunity • Jul 26
Now 21% undervalued Over the last 90 days, the stock has risen 1.3% to JP¥4,415. The fair value is estimated to be JP¥5,564, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.9% over the last 3 years. Earnings per share has declined by 3.6%. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥4,540, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 88% over the past three years. Reported Earnings • Jul 16
Full year 2024 earnings released: EPS: JP¥302 (vs JP¥298 in FY 2023) Full year 2024 results: EPS: JP¥302 (up from JP¥298 in FY 2023). Revenue: JP¥247.7b (down 3.3% from FY 2023). Net income: JP¥8.75b (flat on FY 2023). Profit margin: 3.5% (up from 3.4% in FY 2023). The increase in margin was driven by lower expenses. 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 13% per year, which means it is well ahead of earnings. Upcoming Dividend • May 23
Upcoming dividend of JP¥185 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 30 August 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.7%). Announcement • May 16
Tama Home Co., Ltd. to Report Fiscal Year 2024 Results on Jul 11, 2024 Tama Home Co., Ltd. announced that they will report fiscal year 2024 results on Jul 11, 2024 Reported Earnings • Apr 12
Third quarter 2024 earnings released: JP¥39.33 loss per share (vs JP¥18.58 profit in 3Q 2023) Third quarter 2024 results: JP¥39.33 loss per share (down from JP¥18.58 profit in 3Q 2023). Revenue: JP¥39.8b (down 18% from 3Q 2023). Net loss: JP¥1.14b (down 310% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Announcement • Feb 17
Tama Home Co., Ltd. to Report Q3, 2024 Results on Apr 11, 2024 Tama Home Co., Ltd. announced that they will report Q3, 2024 results on Apr 11, 2024 Announcement • Jan 15
Tama Home Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending May 31, 2024 Tama Home Co., Ltd. provided dividend guidance for the fiscal year ending May 31, 2024. For the year, the company expects dividend of ¥185.00 per share against ¥180.00 per share. Reported Earnings • Jan 13
Second quarter 2024 earnings released: EPS: JP¥32.84 (vs JP¥89.27 in 2Q 2023) Second quarter 2024 results: EPS: JP¥32.84 (down from JP¥89.27 in 2Q 2023). Revenue: JP¥56.4b (down 15% from 2Q 2023). Net income: JP¥951.5m (down 64% from 2Q 2023). Profit margin: 1.7% (down from 3.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 09
Tama Home Co., Ltd. to Report Q2, 2024 Results on Jan 11, 2024 Tama Home Co., Ltd. announced that they will report Q2, 2024 results on Jan 11, 2024 Reported Earnings • Oct 11
First quarter 2024 earnings released: EPS: JP¥32.15 (vs JP¥65.79 in 1Q 2023) First quarter 2024 results: EPS: JP¥32.15 (down from JP¥65.79 in 1Q 2023). Revenue: JP¥53.2b (down 9.4% from 1Q 2023). Net income: JP¥932.0m (down 52% from 1Q 2023). Profit margin: 1.8% (down from 3.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 12
Tama Home Co., Ltd. to Report Q1, 2024 Results on Oct 10, 2023 Tama Home Co., Ltd. announced that they will report Q1, 2024 results on Oct 10, 2023 New Risk • Jul 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 31% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (31% accrual ratio). Minor Risks Dividend is not well covered by cash flows (137% cash payout ratio). Share price has been volatile over the past 3 months (5.3% average weekly change). Reported Earnings • Jul 15
Full year 2023 earnings released: EPS: JP¥298 (vs JP¥282 in FY 2022) Full year 2023 results: EPS: JP¥298 (up from JP¥282 in FY 2022). Revenue: JP¥256.1b (up 6.4% from FY 2022). Net income: JP¥8.72b (up 5.2% from FY 2022). Profit margin: 3.4% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 13
Tama Home Co., Ltd., Annual General Meeting, Aug 29, 2023 Tama Home Co., Ltd., Annual General Meeting, Aug 29, 2023. New Risk • Jul 13
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 5.3% 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 (5.3% average weekly change). Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥3,380, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 9x in the Consumer Durables industry in Japan. Total returns to shareholders of 221% over the past three years. Announcement • May 25
Tama Home Co., Ltd. to Report Fiscal Year 2023 Results on Jul 11, 2023 Tama Home Co., Ltd. announced that they will report fiscal year 2023 results on Jul 11, 2023 Upcoming Dividend • May 23
Upcoming dividend of JP¥170 per share at 4.3% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 28 August 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.6%). Reported Earnings • Apr 12
Third quarter 2023 earnings released: EPS: JP¥18.58 (vs JP¥28.22 in 3Q 2022) Third quarter 2023 results: EPS: JP¥18.58 (down from JP¥28.22 in 3Q 2022). Revenue: JP¥48.6b (down 7.3% from 3Q 2022). Net income: JP¥543.0m (down 34% from 3Q 2022). Profit margin: 1.1% (down from 1.6% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 01
Tama Home Co., Ltd. to Report Q3, 2023 Results on Apr 10, 2023 Tama Home Co., Ltd. announced that they will report Q3, 2023 results on Apr 10, 2023 Valuation Update With 7 Day Price Move • Jan 18
Investor sentiment improved over the past week After last week's 24% share price gain to JP¥3,090, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 9x in the Consumer Durables industry in Japan. Total returns to shareholders of 152% over the past three years. Announcement • Jan 17
Tama Home Co., Ltd. (TSE:1419) announces an Equity Buyback for 330,000 shares, representing 1.13% for ¥1,000 million. Tama Home Co., Ltd. (TSE:1419) announces a share repurchase program. Under the program, the company will repurchase up to 330,000 shares, representing 1.13% of its issued share capital (excluding treasury stock) for ¥1,000 million. The purpose of the program is to to enhance shareholder returns and improve capital efficiency. The program will run until February 28, 2023. As of November 30, 2022, the company had 29,304,299 shares in issue (excluding treasury stock) and 151,501 shares in treasury. Reported Earnings • Jan 12
Second quarter 2023 earnings released: EPS: JP¥89.27 (vs JP¥77.13 in 2Q 2022) Second quarter 2023 results: EPS: JP¥89.27 (up from JP¥77.13 in 2Q 2022). Revenue: JP¥66.5b (up 6.1% from 2Q 2022). Net income: JP¥2.62b (up 16% from 2Q 2022). Profit margin: 3.9% (up from 3.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 25% per year. Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 9 non-independent directors. Independent Outside Director Koki Chikamoto was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Nov 02
Tama Home Co., Ltd. to Report Q2, 2023 Results on Jan 11, 2023 Tama Home Co., Ltd. announced that they will report Q2, 2023 results on Jan 11, 2023 Reported Earnings • Oct 13
First quarter 2023 earnings released: EPS: JP¥65.79 (vs JP¥62.43 in 1Q 2022) First quarter 2023 results: EPS: JP¥65.79 (up from JP¥62.43 in 1Q 2022). Revenue: JP¥58.8b (up 12% from 1Q 2022). Net income: JP¥1.93b (up 4.8% from 1Q 2022). Profit margin: 3.3% (down from 3.5% in 1Q 2022). The decrease in margin was driven by higher expenses. 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 10% per year, which means it is significantly lagging earnings growth. Announcement • Aug 06
Tama Home Co., Ltd. to Report Q1, 2023 Results on Oct 11, 2022 Tama Home Co., Ltd. announced that they will report Q1, 2023 results on Oct 11, 2022 Reported Earnings • Jul 13
Full year 2022 earnings released: EPS: JP¥282 (vs JP¥243 in FY 2021) Full year 2022 results: EPS: JP¥282 (up from JP¥243 in FY 2021). Revenue: JP¥240.8b (up 10% from FY 2021). Net income: JP¥8.28b (up 16% from FY 2021). Profit margin: 3.4% (up from 3.3% 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 21% per year whereas the company’s share price has increased by 20% per year. Upcoming Dividend • May 23
Upcoming dividend of JP¥120 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 29 August 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Announcement • May 08
Tama Home Co., Ltd. to Report Fiscal Year 2022 Results on Jul 11, 2022 Tama Home Co., Ltd. announced that they will report fiscal year 2022 results on Jul 11, 2022 Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Outside Director Koki Chikamoto was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Apr 12
Third quarter 2022 earnings released: EPS: JP¥28.22 (vs JP¥40.74 in 3Q 2021) Third quarter 2022 results: EPS: JP¥28.22 (down from JP¥40.74 in 3Q 2021). Revenue: JP¥52.4b (up 12% from 3Q 2021). Net income: JP¥827.0m (down 31% from 3Q 2021). Profit margin: 1.6% (down from 2.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 07
Tama Home Co., Ltd. to Report Q3, 2022 Results on Apr 11, 2022 Tama Home Co., Ltd. announced that they will report Q3, 2022 results on Apr 11, 2022 Announcement • Jan 12
Tama Home Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending May 31, 2022 Tama Home Co., Ltd. provided consolidated earnings guidance for the year ending May 31, 2022. For the period ending May 31, 2022, the company expects net sales of JPY 235,000 million; operating profit of JPY 12,000 million; and profit attributable to owners of parent of JPY 7,600 million or JPY 258.96 per basic share. Reported Earnings • Jan 12
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: JP¥77.13 (up from JP¥63.32 in 2Q 2021). Revenue: JP¥62.7b (up 15% from 2Q 2021). Net income: JP¥2.26b (up 21% from 2Q 2021). Profit margin: 3.6% (up from 3.4% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth.