Announcement • Jun 03
Fujicco Co., Ltd. to Report Q1, 2027 Results on Jul 31, 2026 Fujicco Co., Ltd. announced that they will report Q1, 2027 results on Jul 31, 2026 Reported Earnings • May 15
Full year 2026 earnings released: EPS: JP¥50.16 (vs JP¥33.41 in FY 2025) Full year 2026 results: EPS: JP¥50.16 (up from JP¥33.41 in FY 2025). Revenue: JP¥55.5b (down 2.7% from FY 2025). Net income: JP¥1.43b (up 50% from FY 2025). Profit margin: 2.6% (up from 1.7% in FY 2025). 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 whereas the company’s share price has fallen by 8% per year. Announcement • May 13
Fujicco Co., Ltd., Annual General Meeting, Jun 25, 2026 Fujicco Co., Ltd., Annual General Meeting, Jun 25, 2026. Announcement • May 09
Fujicco Co., Ltd. to Report Fiscal Year 2026 Results on May 13, 2026 Fujicco Co., Ltd. announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 02 June 2026. Payout ratio is on the higher end at 96% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥21.85 (vs JP¥21.01 in 3Q 2025) Third quarter 2026 results: EPS: JP¥21.85 (up from JP¥21.01 in 3Q 2025). Revenue: JP¥15.0b (down 5.1% from 3Q 2025). Net income: JP¥622.0m (up 4.0% from 3Q 2025). Profit margin: 4.2% (up from 3.8% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year. Declared Dividend • Dec 06
First half dividend of JP¥23.00 announced Dividend of JP¥23.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 2nd June 2026 Dividend yield will be 2.9%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 3.7% 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 8.9% to bring the payout ratio under control. However, EPS has declined by 16% over the last 5 years so the company would need to reverse this trend. Announcement • Nov 29
Fujicco Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026 Fujicco Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 New Risk • Nov 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 28% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥18.23 (vs JP¥11.00 in 2Q 2025) Second quarter 2026 results: EPS: JP¥18.23 (up from JP¥11.00 in 2Q 2025). Revenue: JP¥13.9b (down 1.5% from 2Q 2025). Net income: JP¥519.0m (up 66% from 2Q 2025). Profit margin: 3.7% (up from 2.2% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 5% per year. Announcement • Sep 26
Fujicco Co., Ltd. (TSE:2908), SBCS Company Limited, SMSB Co., Ltd. and Smbc Management Service Co. Ltd agreed to acquire 81% stake in FB Foodservice (2017) Ltd. from Sojitz Corporation (TSE:2768) and others. Fujicco Co., Ltd. (TSE:2908), SBCS Company Limited, SMSB Co., Ltd. and Smbc Management Service Co. Ltd agreed to acquire 81% stake in FB Foodservice (2017) Ltd. from Sojitz Corporation (TSE:2768) and others on September 25, 2025. A cash consideration of THB 93.9 million will be paid by Fujicco Co., Ltd. for 981,000 shares representing 30% stake. The signing of agreement is expected to occur in mid-October 2025. SBCS Company Limited, SMSB Co., Ltd. and Smbc Management Service Co. Ltd will acquire 51% collectively.
For the period ending December 31, 2024, FB Foodservice (2017) Ltd. reported total revenue of THB 1.21 billion, EBIT of THB 10.88 million and net income of THB 7.33 million. As of December 31, 2024, FB Foodservice (2017) Ltd. reported total assets of THB 459.8 million and total common equity of THB 229.87 million.
The expected completion of the transaction is November 3, 2025. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.1%). Announcement • Sep 05
Fujicco Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025 Fujicco Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Board Change • Aug 02
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Satoshi Nakayama was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 31
Foods Palette Co., Ltd agreed to acquire Foodspalette Co. Ltd from Fujicco Co., Ltd. (TSE:2908). Foods Palette Co., Ltd agreed to acquire Foodspalette Co. Ltd from Fujicco Co., Ltd. (TSE:2908) on July 31, 2025.
The expected completion of the transaction is August 29, 2025. Announcement • Jun 05
Fujicco Co., Ltd. to Report Q1, 2026 Results on Jul 31, 2025 Fujicco Co., Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 06 June 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.6%). Announcement • Mar 01
Fujicco Co., Ltd. to Report Fiscal Year 2025 Results on May 02, 2025 Fujicco Co., Ltd. announced that they will report fiscal year 2025 results on May 02, 2025 Major Estimate Revision • Feb 07
Consensus EPS estimates increase by 57% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥21.50 to JP¥33.80. Revenue forecast steady at JP¥56.9b. Net income forecast to grow 54% next year vs 5.7% growth forecast for Food industry in Japan. Consensus price target up from JP¥1,390 to JP¥1,670. Share price was steady at JP¥1,640 over the past week. Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥21.00 (vs JP¥28.63 in 3Q 2024) Third quarter 2025 results: EPS: JP¥21.00 (down from JP¥28.63 in 3Q 2024). Revenue: JP¥15.8b (up 3.1% from 3Q 2024). Net income: JP¥598.0m (down 27% from 3Q 2024). Profit margin: 3.8% (down from 5.3% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jan 24
Fujicco Co., Ltd. Revises Earnings Guidance for the Fiscal Year Ending March 31, 2025 Fujicco Co., Ltd. revised earnings guidance for the fiscal year ending March 31, 2025. For the year, the company expects net sales of JPY JPY 56,800 million compared to previous guidance of JPY 58,500 million, Operating profit of JPY JPY 1,000 million compared to previous guidance of JPY 2,000 million, Profit attributable to owners of parent of JPY JPY 1000 million compared to previous guidance of JPY 1,550 million and Basic earnings per share of JPY 35.13 million compared to previous guidance of JPY 54.45. Declared Dividend • Dec 07
First half dividend of JP¥23.00 announced Dividend of JP¥23.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 6th June 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (74% cash payout ratio). The dividend has increased by an average of 3.7% 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. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 30
Fujicco Co., Ltd. to Report Q3, 2025 Results on Jan 31, 2025 Fujicco Co., Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥11.00 (vs JP¥13.25 in 2Q 2024) Second quarter 2025 results: EPS: JP¥11.00 (down from JP¥13.25 in 2Q 2024). Revenue: JP¥14.1b (up 2.1% from 2Q 2024). Net income: JP¥313.0m (down 17% from 2Q 2024). Profit margin: 2.2% (down from 2.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. New Risk • Nov 02
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.6% Last year net profit margin: 2.6% 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 cash flows (329% cash payout ratio). Profit margins are more than 30% lower than last year (1.6% net profit margin). Upcoming Dividend • Sep 20
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). Announcement • Aug 27
Fujicco Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024 Fujicco Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Price Target Changed • Aug 17
Price target decreased by 31% to JP¥1,390 Down from JP¥2,010, the current price target is provided by 1 analyst. New target price is 18% below last closing price of JP¥1,699. Stock is down 11% over the past year. The company is forecast to post earnings per share of JP¥21.50 for next year compared to JP¥39.00 last year. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥2.28 (vs JP¥7.10 in 1Q 2024) First quarter 2025 results: EPS: JP¥2.28 (down from JP¥7.10 in 1Q 2024). Revenue: JP¥13.9b (up 2.2% from 1Q 2024). Net income: JP¥65.0m (down 68% from 1Q 2024). Profit margin: 0.5% (down from 1.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Food 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 only fallen by 2% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 11
Final dividend of JP¥23.00 announced Dividend of JP¥23.00 is the same as last year. Ex-date: 27th September 2024 Payment date: 9th December 2024 Dividend yield will be 2.5%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is not covered by earnings (118% earnings payout ratio) nor is it covered by cash flows (329% cash payout ratio). The dividend has increased by an average of 3.7% 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 32% to bring the payout ratio under control. EPS is expected to grow by 34% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Jun 02
Fujicco Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024 Fujicco Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 16
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥39.00 (down from JP¥49.07 in FY 2023). Revenue: JP¥55.7b (up 3.3% from FY 2023). Net income: JP¥1.11b (down 21% from FY 2023). Profit margin: 2.0% (down from 2.6% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • May 15
Fujicco Co., Ltd., Annual General Meeting, Jun 26, 2024 Fujicco Co., Ltd., Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 07 June 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.7%). Announcement • Mar 02
Fujicco Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 Fujicco Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥28.63 (vs JP¥21.05 in 3Q 2023) Third quarter 2024 results: EPS: JP¥28.63 (up from JP¥21.05 in 3Q 2023). Revenue: JP¥15.3b (up 1.8% from 3Q 2023). Net income: JP¥815.0m (up 36% from 3Q 2023). Profit margin: 5.3% (up from 4.0% in 3Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Feb 01
Fujicco Co., Ltd. Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2024 Fujicco Co., Ltd. provided year-end dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay year-end dividend of JPY 23.00 per share against JPY 23.00 per share paid for the same period a year ago. Announcement • Nov 26
Fujicco Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024 Fujicco Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥13.24 (vs JP¥9.97 in 2Q 2023) Second quarter 2024 results: EPS: JP¥13.24 (up from JP¥9.97 in 2Q 2023). Revenue: JP¥13.8b (up 3.2% from 2Q 2023). Net income: JP¥377.0m (up 32% from 2Q 2023). Profit margin: 2.7% (up from 2.1% in 2Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 3.9% growth forecast for the Food 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 remained flat, which means it is well ahead of earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥23.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio and cash payout ratio are on the higher end at 97% and 81% respectively. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.6%). Announcement • Aug 27
Fujicco Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023 Fujicco Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥7.10 (vs JP¥8.85 in 1Q 2023) First quarter 2024 results: EPS: JP¥7.10 (down from JP¥8.85 in 1Q 2023). Revenue: JP¥13.6b (up 5.7% from 1Q 2023). Net income: JP¥202.0m (down 21% from 1Q 2023). Profit margin: 1.5% (down from 2.0% in 1Q 2023). Revenue is forecast to grow 1.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • May 28
Fujicco Co., Ltd. to Report Q1, 2024 Results on Jul 28, 2023 Fujicco Co., Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • May 18
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥49.07 (down from JP¥71.02 in FY 2022). Revenue: JP¥53.9b (down 2.1% from FY 2022). Net income: JP¥1.41b (down 34% from FY 2022). Profit margin: 2.6% (down from 3.8% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.2%. Revenue is forecast to stay flat during the next 3 years compared to a 3.9% growth forecast for the Food 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 remained flat, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥23.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Jan 28
Third quarter 2023 earnings released: EPS: JP¥21.05 (vs JP¥31.96 in 3Q 2022) Third quarter 2023 results: EPS: JP¥21.05 (down from JP¥31.96 in 3Q 2022). Revenue: JP¥15.1b (down 1.6% from 3Q 2022). Net income: JP¥600.0m (down 37% from 3Q 2022). Profit margin: 4.0% (down from 6.2% in 3Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 3.6% growth forecast for the Food 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 only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • Nov 30
Fujicco Co., Ltd. to Report Q3, 2023 Results on Jan 27, 2023 Fujicco Co., Ltd. announced that they will report Q3, 2023 results on Jan 27, 2023 Major Estimate Revision • Nov 30
Consensus EPS estimates increase by 31% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥52.3b to JP¥53.2b. EPS estimate increased from JP¥49.30 to JP¥64.60 per share. Net income forecast to grow 13% next year vs 1.4% decline forecast for Food industry in Japan. Consensus price target up from JP¥1,580 to JP¥1,810. Share price was steady at JP¥1,896 over the past week. Price Target Changed • Nov 16
Price target decreased to JP¥1,580 Down from JP¥1,850, the current price target is provided by 1 analyst. New target price is 18% below last closing price of JP¥1,920. Stock is down 2.3% over the past year. The company is forecast to post earnings per share of JP¥49.30 for next year compared to JP¥71.02 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Yoshihiro Uetani 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 • Nov 02
Second quarter 2023 earnings released: EPS: JP¥9.97 (vs JP¥25.24 in 2Q 2022) Second quarter 2023 results: EPS: JP¥9.97 (down from JP¥25.24 in 2Q 2022). Revenue: JP¥13.4b (down 2.1% from 2Q 2022). Net income: JP¥286.0m (down 62% from 2Q 2022). Profit margin: 2.1% (down from 5.5% in 2Q 2022). Revenue is forecast to stay flat during the next 3 years compared to a 3.6% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 71% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Announcement • Aug 28
Fujicco Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022 Fujicco Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022 Major Estimate Revision • Aug 19
Consensus EPS estimates fall by 36% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥53.3b to JP¥52.3b. EPS estimate also fell from JP¥77.40 per share to JP¥49.30 per share. Net income forecast to shrink 23% next year vs 6.2% decline forecast for Food industry in Japan. Consensus price target down from JP¥1,850 to JP¥1,580. Share price fell 2.2% to JP¥1,932 over the past week. Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥8.84 (vs JP¥16.42 in 1Q 2022) First quarter 2023 results: EPS: JP¥8.84 (down from JP¥16.42 in 1Q 2022). Revenue: JP¥12.9b (down 5.0% from 1Q 2022). Net income: JP¥256.0m (down 48% from 1Q 2022). Profit margin: 2.0% (down from 3.6% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 2.4% compared to a 7.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Board Change • Jul 08
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Junko Ikeda was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Jun 24
Consensus EPS estimates fall by 14% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥55.5b to JP¥53.3b. EPS estimate also fell from JP¥89.60 per share to JP¥77.40 per share. Net income forecast to grow 6.7% next year vs 8.7% decline forecast for Food industry in Japan. Consensus price target down from JP¥1,990 to JP¥1,850. Share price was steady at JP¥1,959 over the past week. Announcement • Jun 01
Fujicco Co., Ltd. to Report Q1, 2023 Results on Jul 28, 2022 Fujicco Co., Ltd. announced that they will report Q1, 2023 results on Jul 28, 2022 Reported Earnings • May 16
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥71.02 (down from JP¥114 in FY 2021). Revenue: JP¥55.1b (down 14% from FY 2021). Net income: JP¥2.12b (down 38% from FY 2021). Profit margin: 3.8% (down from 5.3% in FY 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Over the next year, revenue is forecast to stay flat compared to a 4.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • May 15
Fujicco Co., Ltd., Annual General Meeting, Jun 23, 2022 Fujicco Co., Ltd., Annual General Meeting, Jun 23, 2022. Price Target Changed • Apr 27
Price target increased to JP¥1,990 Up from JP¥1,700, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,993. Stock is up 4.1% over the past year. The company is forecast to post earnings per share of JP¥84.20 for next year compared to JP¥114 last year. Announcement • Apr 07
Fujicco Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Fujicco Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥31.96 (down from JP¥41.67 in 3Q 2021). Revenue: JP¥15.3b (down 14% from 3Q 2021). Net income: JP¥954.0m (down 24% from 3Q 2021). Profit margin: 6.2% (down from 7.0% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Over the next year, revenue is expected to shrink by 3.0% compared to a 3.1% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS JP¥25.23 (vs JP¥29.31 in 2Q 2021) The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: JP¥13.7b (down 14% from 2Q 2021). Net income: JP¥756.0m (down 14% from 2Q 2021). Profit margin: 5.5% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year. 
