Announcement • Jun 25
Tokai Tokyo Financial Holdings, Inc. to Report Q1, 2027 Results on Jul 31, 2026 Tokai Tokyo Financial Holdings, Inc. announced that they will report Q1, 2027 results on Jul 31, 2026 Live News • May 23
Tokai Tokyo Financial Holdings Reports Higher Profit and Dividend With Stronger Equity Position Tokai Tokyo Financial Holdings reported higher revenue and profit for fiscal 2026, with total assets, net assets and its equity base all showing a stronger position, while the equity ratio stayed around 13%.
The company raised its annual dividend to 50 yen per share and reported improved cash flows for the period.
A correction to retirement benefit liability calculations for the defined benefit pension plan increased total assets, net assets, shareholders’ equity and per-share net assets, without changing the income statement, and the company has chosen not to issue earnings forecasts due to market volatility.
The key takeaway is that Tokai Tokyo’s reported balance sheet and cash flow position look stronger, and shareholders are seeing a higher dividend, while pension-related adjustments further increase reported equity without affecting profit figures.
Investors still need to factor in that the company is withholding earnings guidance, which can make it harder to gauge future earnings visibility and could keep attention on risk management and capital allocation over the next few quarters. New Risk • May 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% 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 1.1% 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. Reported Earnings • May 01
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥65.82 (up from JP¥44.08 in FY 2025). Revenue: JP¥91.9b (up 11% from FY 2025). Net income: JP¥16.6b (up 50% from FY 2025). Profit margin: 18% (up from 13% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • May 01
Tokai Tokyo Financial Holdings, Inc., Annual General Meeting, Jun 25, 2026 Tokai Tokyo Financial Holdings, Inc., Annual General Meeting, Jun 25, 2026. Announcement • Apr 21
Tokai Tokyo Financial Holdings, Inc. to Report Fiscal Year 2026 Results on Apr 30, 2026 Tokai Tokyo Financial Holdings, Inc. announced that they will report fiscal year 2026 results on Apr 30, 2026 Announcement • Apr 01
Hoken Minaoshi Hompo Group, Inc. acquired Eternal Co.,Ltd. from Tokai Tokyo Financial Holdings, Inc. (TSE:8616). Hoken Minaoshi Hompo Group, Inc. agreed to acquire Eternal Co.,Ltd. from Tokai Tokyo Financial Holdings, Inc. (TSE:8616) on March 31, 2026. In related transaction, Japan Post Insurance Co., Ltd. acquired an unknown minority stake in Hoken Minaoshi Hompo Group.
Hoken Minaoshi Hompo Group, Inc. completed the acquisition of Eternal Co.,Ltd. from Tokai Tokyo Financial Holdings, Inc. (TSE:8616) on March 31, 2026. Declared Dividend • Mar 19
Dividend of JP¥24.00 announced Shareholders will receive a dividend of JP¥24.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 6.1%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥22.57 (vs JP¥18.45 in 3Q 2025) Third quarter 2026 results: EPS: JP¥22.57 (up from JP¥18.45 in 3Q 2025). Revenue: JP¥25.4b (up 13% from 3Q 2025). Net income: JP¥5.68b (up 23% from 3Q 2025). Profit margin: 22% (up from 21% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Dec 25
Tokai Tokyo Financial Holdings, Inc. to Report Q3, 2026 Results on Jan 30, 2026 Tokai Tokyo Financial Holdings, Inc. announced that they will report Q3, 2026 results on Jan 30, 2026 Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥24.16 (vs JP¥6.91 in 2Q 2025) Second quarter 2026 results: EPS: JP¥24.16 (up from JP¥6.91 in 2Q 2025). Revenue: JP¥23.6b (up 20% from 2Q 2025). Net income: JP¥6.10b (up 252% from 2Q 2025). Profit margin: 26% (up from 8.8% in 2Q 2025). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Sep 26
Tokai Tokyo Financial Holdings, Inc. to Report Q2, 2026 Results on Oct 31, 2025 Tokai Tokyo Financial Holdings, Inc. announced that they will report Q2, 2026 results on Oct 31, 2025 Announcement • Sep 24
Tokai Tokyo Financial Holdings, Inc. Projects Interim Dividend for the Fiscal Year Ending March 31, 2026 Tokai Tokyo Financial Holdings, Inc. at the meeting of Board of Directors held on September 24, 2025 passed a resolution regarding the projected interim dividend of surplus for the year ending March 31, 2026. For the year, the company expects to pay an ordinary dividend of JPY 14 per share against JPY 12 per share paid a year ago. Please note that the final decision regarding the interim dividend will be officially made at the Board of Directors meeting to be held in October 2025. Record date is September 30, 2025. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 25 November 2025. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.7%). New Risk • Aug 03
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 3.3% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (3.3% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥1.35 (vs JP¥13.06 in 1Q 2025) First quarter 2026 results: EPS: JP¥1.35 (down from JP¥13.06 in 1Q 2025). Revenue: JP¥18.4b (down 19% from 1Q 2025). Net income: JP¥340.0m (down 90% from 1Q 2025). Profit margin: 1.8% (down from 14% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Capital Markets 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 14% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 21
Final dividend of JP¥12.00 announced Dividend of JP¥12.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 25th November 2025 Dividend yield will be 5.4%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by both earnings (64% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jun 26
Now 21% overvalued Over the last 90 days, the stock has fallen 2.6% to JP¥488. The fair value is estimated to be JP¥405, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Announcement • Jun 24
Tokai Tokyo Financial Holdings, Inc. to Report Q1, 2026 Results on Jul 31, 2025 Tokai Tokyo Financial Holdings, Inc. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 01
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥44.08 (up from JP¥40.85 in FY 2024). Revenue: JP¥83.2b (down 4.0% from FY 2024). Net income: JP¥11.0b (up 8.4% from FY 2024). Profit margin: 13% (up from 12% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 2.7%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Apr 30
Tokai Tokyo Financial Holdings, Inc., Annual General Meeting, Jun 26, 2025 Tokai Tokyo Financial Holdings, Inc., Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥406, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Capital Markets industry in Japan. Total returns to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥287 per share. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (3.4%). Announcement • Mar 20
Tokai Tokyo Financial Holdings, Inc. to Report Fiscal Year 2025 Results on Apr 30, 2025 Tokai Tokyo Financial Holdings, Inc. announced that they will report fiscal year 2025 results on Apr 30, 2025 Declared Dividend • Mar 06
Dividend of JP¥16.00 announced Dividend of JP¥16.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 5.5%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥18.45 (vs JP¥10.01 in 3Q 2024) Third quarter 2025 results: EPS: JP¥18.45 (up from JP¥10.01 in 3Q 2024). Revenue: JP¥22.5b (up 10.0% from 3Q 2024). Net income: JP¥4.63b (up 85% from 3Q 2024). Profit margin: 21% (up from 12% in 3Q 2024). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 7% per year. Announcement • Dec 03
Tokai Tokyo Financial Holdings, Inc. to Report Q3, 2025 Results on Jan 31, 2025 Tokai Tokyo Financial Holdings, Inc. announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥6.91 (vs JP¥10.54 in 2Q 2024) Second quarter 2025 results: EPS: JP¥6.91 (down from JP¥10.54 in 2Q 2024). Revenue: JP¥19.7b (down 8.7% from 2Q 2024). Net income: JP¥1.73b (down 34% from 2Q 2024). Profit margin: 8.8% (down from 12% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Capital Markets 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 increased by 5% per year, which means it is well ahead of earnings. Announcement • Sep 25
Tokai Tokyo Financial Holdings, Inc. Projects Interim Dividend for the Fiscal Year Ending March 31, 2025 Tokai Tokyo Financial Holdings, Inc. announced that the meeting of Board of Directors held on September 25, 2024, passed a resolution regarding projected interim dividend of surplus of JPY 12.00 per share for the fiscal year ending March 31, 2025. Record date: September 30, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 25 November 2024. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 6.4%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.2%). Announcement • Sep 14
Tokai Tokyo Financial Holdings, Inc. to Report Q2, 2025 Results on Oct 31, 2024 Tokai Tokyo Financial Holdings, Inc. announced that they will report Q2, 2025 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥490, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Capital Markets industry in Japan. Total returns to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥312 per share. New Risk • Aug 05
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 5.9% 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 Dividend is not well covered by cash flows (96% cash payout ratio). Share price has been volatile over the past 3 months (5.9% average weekly change). Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥13.06 (vs JP¥8.03 in 1Q 2024) First quarter 2025 results: EPS: JP¥13.06 (up from JP¥8.03 in 1Q 2024). Revenue: JP¥22.6b (up 9.7% from 1Q 2024). Net income: JP¥3.27b (up 64% from 1Q 2024). Profit margin: 14% (up from 9.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Major Estimate Revision • Jul 20
Consensus EPS estimates increase by 104% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥84.0b to JP¥91.6b. EPS estimate increased from JP¥22.20 to JP¥45.30 per share. Net income forecast to grow 14% next year vs 11% growth forecast for Capital Markets industry in Japan. Consensus price target of JP¥600 unchanged from last update. Share price was steady at JP¥587 over the past week. Declared Dividend • Jul 19
Final dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 27th September 2024 Payment date: 25th November 2024 Dividend yield will be 4.8%, which is higher than the industry average of 2.8%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but not adequately covered by cash flows (96% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 1.4% over the next 3 years. However, it would need to fall by 28% to increase the payout ratio to a potentially unsustainable range. Announcement • Jun 02
Tokai Tokyo Financial Holdings, Inc. to Report Q1, 2025 Results on Jul 31, 2024 Tokai Tokyo Financial Holdings, Inc. announced that they will report Q1, 2025 results on Jul 31, 2024 Announcement • May 09
Tokai Tokyo Financial Holdings, Inc. (TSE:8616) completed the acquisition of additional 11.97% stake in MONEY DESIGN Co., Ltd. Tokai Tokyo Financial Holdings, Inc. (TSE:8616) entered into a share transfer agreement to acquire additional 11.97% stake in MONEY DESIGN Co., Ltd. on May 1, 2024.
Tokai Tokyo Financial Holdings, Inc. (TSE:8616) completed the acquisition of additional 11.97% stake in MONEY DESIGN Co., Ltd. on May 2, 2024. Reported Earnings • May 01
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥40.85 (up from JP¥7.85 in FY 2023). Revenue: JP¥86.6b (up 25% from FY 2023). Net income: JP¥10.2b (up 422% from FY 2023). Profit margin: 12% (up from 2.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 172%. Revenue is forecast to stay flat during the next 3 years compared to a 5.5% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Mar 30
Tokai Tokyo Financial Holdings, Inc., Annual General Meeting, Jun 26, 2024 Tokai Tokyo Financial Holdings, Inc., Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.4%). Announcement • Mar 20
YAMADA Consulting Group Co.,Ltd. (TSE:4792) agreed to acquire 70% stake in Pinnacle Inc. from Tokai Tokyo Financial Holdings, Inc. (TSE:8616). YAMADA Consulting Group Co.,Ltd. (TSE:4792) agreed to acquire 70% stake in Pinnacle Inc. from Tokai Tokyo Financial Holdings, Inc. (TSE:8616) on March 19, 2024. The transaction is expected to close on March 29, 2024. Announcement • Mar 07
Tokai Tokyo Financial Holdings, Inc. to Report Fiscal Year 2024 Results on Apr 26, 2024 Tokai Tokyo Financial Holdings, Inc. announced that they will report fiscal year 2024 results on Apr 26, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥10.01 (vs JP¥2.10 in 3Q 2023) Third quarter 2024 results: EPS: JP¥10.01 (up from JP¥2.10 in 3Q 2023). Revenue: JP¥20.5b (up 21% from 3Q 2023). Net income: JP¥2.50b (up 379% from 3Q 2023). Profit margin: 12% (up from 3.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Nov 29
Tokai Tokyo Financial Holdings, Inc. to Report Q3, 2024 Results on Jan 31, 2024 Tokai Tokyo Financial Holdings, Inc. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥10.54 (vs JP¥2.87 in 2Q 2023) Second quarter 2024 results: EPS: JP¥10.54 (up from JP¥2.87 in 2Q 2023). Revenue: JP¥21.6b (up 14% from 2Q 2023). Net income: JP¥2.63b (up 268% from 2Q 2023). Profit margin: 12% (up from 3.8% in 2Q 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 3.4% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • Oct 31
Tokai Tokyo Financial Holdings, Inc. Announces Interim Dividend Payments for the Fiscal Year Ending on September 30, 2023; Provides Annual Dividend for the Fiscal Year Ending on March 31, 2024 Tokai Tokyo Financial Holdings, Inc. announced interim dividend payments for the fiscal year ending on September 30, 2023 of ¥12 per share against ¥8 per share a year ago.The company expects to pay annual dividend per share of 24 Yen or more for the fiscal year ending on March 31, 2024. Announcement • Sep 26
Tokai Tokyo Financial Holdings, Inc. Proposes Interim Dividend for the Fiscal Year Ending March 31, 2024 Tokai Tokyo Financial Holdings, Inc. announced that the meeting of Board of Directors held on September 25, 2023, passed a resolution regarding projected interim dividend of surplus of JPY 12.00 per share for the fiscal year ending March 31, 2024. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥8.00 per share at 3.2% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 25 November 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.9%). Announcement • Aug 31
Tokai Tokyo Financial Holdings, Inc. to Report Q2, 2024 Results on Oct 31, 2023 Tokai Tokyo Financial Holdings, Inc. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥8.03 (vs JP¥0.41 in 1Q 2023) First quarter 2024 results: EPS: JP¥8.03 (up from JP¥0.41 in 1Q 2023). Revenue: JP¥20.6b (up 17% from 1Q 2023). Net income: JP¥2.00b (up JP¥1.90b from 1Q 2023). Profit margin: 9.7% (up from 0.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Announcement • Jun 22
Tokai Tokyo Financial Holdings, Inc. to Report Q1, 2024 Results on Jul 31, 2023 Tokai Tokyo Financial Holdings, Inc. announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • Apr 29
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: JP¥7.85 (down from JP¥52.93 in FY 2022). Revenue: JP¥69.6b (down 11% from FY 2022). Net income: JP¥1.95b (down 85% from FY 2022). Profit margin: 2.8% (down from 17% in FY 2022). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥2.10 (vs JP¥9.45 in 3Q 2022) Third quarter 2023 results: EPS: JP¥2.10 (down from JP¥9.45 in 3Q 2022). Revenue: JP¥17.0b (down 19% from 3Q 2022). Net income: JP¥522.0m (down 78% from 3Q 2022). Profit margin: 3.1% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Capital Markets industry in Japan. 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 2% per year, which means it is significantly lagging earnings growth. Announcement • Dec 22
Tokai Tokyo Financial Holdings, Inc. to Report Q3, 2023 Results on Jan 31, 2023 Tokai Tokyo Financial Holdings, Inc. announced that they will report Q3, 2023 results on Jan 31, 2023 Price Target Changed • Nov 16
Price target decreased to JP¥460 Down from JP¥740, the current price target is provided by 1 analyst. New target price is 32% above last closing price of JP¥349. Stock is down 9.4% over the past year. The company is forecast to post earnings per share of JP¥53.50 for next year compared to JP¥52.93 last year. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥2.87 (vs JP¥11.69 in 2Q 2022) Second quarter 2023 results: EPS: JP¥2.87 (down from JP¥11.69 in 2Q 2022). Revenue: JP¥19.0b (down 5.0% from 2Q 2022). Net income: JP¥713.0m (down 75% from 2Q 2022). Profit margin: 3.8% (down from 14% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Oct 29
Tokai Tokyo Financial Holdings, Inc. Announces Dividend for Second Quarter of Fiscal Year Ending March 31, 2023 Tokai Tokyo Financial Holdings, Inc. announced second quarter dividend for the fiscal year ending March 31, 2023 of JPY 8 per share as compared to dividend for the previous fiscal year ended March 31, 2022 of JPY 10 per shares. Announcement • Sep 28
Tokai Tokyo Financial Holdings, Inc. Provides Interim Dividend for the Fiscal Year Ending March 31,2023 Tokai Tokyo Financial Holdings, Inc. provided Projected dividend for the current fiscal year ending March 31, 2023 to be JPY 8 per shares As compared to Actual dividend for the previous fiscal year ended March 31, 2022 JPY 10 per shares. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 25 November 2022. Payout ratio is on the higher end at 96%, and the cash payout ratio is above 100%. Trailing yield: 6.4%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (4.5%). Announcement • Sep 18
Tokai Tokyo Financial Holdings, Inc. to Report Q2, 2023 Results on Oct 28, 2022 Tokai Tokyo Financial Holdings, Inc. announced that they will report Q2, 2023 results on Oct 28, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥0.41 (vs JP¥28.21 in 1Q 2022) First quarter 2023 results: EPS: JP¥0.41 (down from JP¥28.21 in 1Q 2022). Revenue: JP¥17.6b (down 9.4% from 1Q 2022). Net income: JP¥101.0m (down 99% from 1Q 2022). Profit margin: 0.6% (down from 36% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 9.7%, compared to a 3.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jul 06
Tokai Tokyo Financial Holdings, Inc. Declares Final Dividend, Payable on June 29, 2022 Tokai Tokyo Financial Holdings, Inc. declared a final dividend of JPY 14.00 per share for the full year ended March 31, 2022 against JPY 14.00 per share paid a year ago. Scheduled day of commencing dividend payment is June 29, 2022. Announcement • Jun 22
Tokai Tokyo Financial Holdings, Inc. to Report Q1, 2023 Results on Jul 29, 2022 Tokai Tokyo Financial Holdings, Inc. announced that they will report Q1, 2023 results on Jul 29, 2022 Announcement • May 02
Tokai Tokyo Financial Holdings, Inc., Annual General Meeting, Jun 28, 2022 Tokai Tokyo Financial Holdings, Inc., Annual General Meeting, Jun 28, 2022. Reported Earnings • Apr 30
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥52.93 (up from JP¥36.62 in FY 2021). Revenue: JP¥78.2b (up 17% from FY 2021). Net income: JP¥13.2b (up 45% from FY 2021). Profit margin: 17% (up from 14% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 35%. Over the next year, revenue is forecast to grow 7.6%, compared to a 1.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target decreased to JP¥460 Down from JP¥740, the current price target is an average from 2 analysts. New target price is 20% above last closing price of JP¥384. Stock is down 3.8% over the past year. The company is forecast to post earnings per share of JP¥81.10 for next year compared to JP¥36.62 last year. Announcement • Apr 08
Tokai Tokyo Financial Holdings, Inc. to Report Fiscal Year 2022 Results on Apr 28, 2022 Tokai Tokyo Financial Holdings, Inc. announced that they will report fiscal year 2022 results on Apr 28, 2022 Announcement • Mar 28
Tokai Tokyo Financial Holdings, Inc. Announces Year End Dividend and Interim Dividend for the Fiscal Year Ending March 31, 2022 Tokai Tokyo Financial Holdings, Inc. announced that the meeting of Board of Directors passed a resolution regarding projected year-end dividend of surplus for the fiscal year ending March 31, 2022. For the Year-end dividend per share JPY 14 as projected (Ordinary dividend JPY 14) as compared to Actual dividend for the previous fiscal year ended March 31, 2021, JPY 14 Ordinary dividend JPY 12 (Commemorative dividend JPY 2). Interim dividend per share JPY 10(Ordinary dividend JPY 10. As compared to Actual dividend for the previous fiscal year ended March 31, 2021 JPY 8 Ordinary dividend JPY 6 (Commemorative dividend JPY 2). Record date: March 31, 2022. Reported Earnings • Jan 30
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥9.45 (down from JP¥9.62 in 3Q 2021). Revenue: JP¥20.9b (up 22% from 3Q 2021). Net income: JP¥2.35b (down 1.7% from 3Q 2021). Profit margin: 11% (down from 14% in 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.0%. Over the next year, revenue is forecast to grow 5.8%, compared to a 3.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥11.69 (vs JP¥7.45 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥20.0b (up 23% from 2Q 2021). Net income: JP¥2.90b (up 57% from 2Q 2021). Profit margin: 14% (up from 11% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 25 November 2021. Trailing yield: 5.8%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (4.2%). Price Target Changed • Sep 04
Price target decreased to JP¥460 Down from JP¥740, the current price target is an average from 2 analysts. New target price is 12% above last closing price of JP¥410. Stock is up 58% over the past year. Board Change • Sep 04
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chairman & Member of Global Advisory Board Tateaki Ishida was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 04
Tokai Tokyo Financial Holdings, Inc. Do Not Provide Earnings Guidance for the Fiscal 2021 Tokai Tokyo Financial Holdings, Inc. announced the Group operates principally in the financial instruments business, and its operating results are likely to be affected by market fluctuations. Due to such nature of its business and consequential difficulty in predicting its performance, the Group does not disclose the forecast of operating results for the period from April 1, 2021 to March 31, 2022. Reported Earnings • May 02
Full year 2021 earnings released: EPS JP¥36.62 (vs JP¥11.04 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥67.0b (up 12% from FY 2020). Net income: JP¥9.09b (up 229% from FY 2020). Profit margin: 14% (up from 4.6% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Price Target Changed • Apr 06
Price target decreased to JP¥460 Down from JP¥740, the current price target is provided by 1 analyst. New target price is 12% above last closing price of JP¥409. Stock is up 70% over the past year. Announcement • Mar 25
Tokai Tokyo Financial Holdings, Inc. Provides Projected Year-End Dividend for the Fiscal Year Ending March 31, 2021 Tokai Tokyo Financial Holdings, Inc. provided projected year-end dividend for the fiscal year ending March 31, 2021. For the year, the company plans to pay the year-end commemorative dividend of JPY 2 per share. Is New 90 Day High Low • Mar 15
New 90-day high: JP¥407 The company is up 32% from a price of JP¥309 on 15 December 2020. Outperformed the Japanese market which is up 9.0% over the last 90 days. Exceeded the Capital Markets industry, which is up 15% over the same period. Announcement • Mar 12
Tokai Tokyo Financial Holdings, Inc., Annual General Meeting, Jun 25, 2021 Tokai Tokyo Financial Holdings, Inc., Annual General Meeting, Jun 25, 2021. Is New 90 Day High Low • Feb 05
New 90-day high: JP¥336 The company is up 18% from its price of JP¥285 on 06 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 8.0% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥9.62 (vs JP¥7.50 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: JP¥17.2b (flat on 3Q 2020). Net income: JP¥2.39b (up 28% from 3Q 2020). Profit margin: 14% (up from 11% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 82% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 08
New 90-day high: JP¥326 The company is up 17% from its price of JP¥279 on 09 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 5.0% over the same period. Announcement • Dec 26
Tokai Tokyo Financial Holdings, Inc. to Report Q3, 2021 Results on Jan 29, 2021 Tokai Tokyo Financial Holdings, Inc. announced that they will report Q3, 2021 results on Jan 29, 2021 Is New 90 Day High Low • Dec 02
New 90-day high: JP¥319 The company is up 21% from its price of JP¥263 on 03 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 Capital Markets industry, which is up 5.0% over the same period. Announcement • Oct 04
Tokai Tokyo Financial Holdings, Inc. to Report Q2, 2021 Results on Oct 30, 2020 Tokai Tokyo Financial Holdings, Inc. announced that they will report Q2, 2021 results on Oct 30, 2020