Announcement • Jun 11
Airport Facilities Co., Ltd. to Report Q1, 2027 Results on Jul 30, 2026 Airport Facilities Co., Ltd. announced that they will report Q1, 2027 results on Jul 30, 2026 Reported Earnings • May 09
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥69.60 (up from JP¥51.26 in FY 2025). Revenue: JP¥36.8b (up 18% from FY 2025). Net income: JP¥3.48b (up 35% from FY 2025). Profit margin: 9.5% (up from 8.3% in FY 2025). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Real Estate industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • May 08
Airport Facilities Co., Ltd., Annual General Meeting, Jun 26, 2026 Airport Facilities Co., Ltd., Annual General Meeting, Jun 26, 2026. Announcement • Apr 03
Airport Facilities Co., Ltd. to Report Fiscal Year 2026 Results on May 08, 2026 Airport Facilities Co., Ltd. announced that they will report fiscal year 2026 results on May 08, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 53% and the cash payout ratio is 81%. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.2%). Reported Earnings • Jan 30
Third quarter 2026 earnings released: EPS: JP¥19.04 (vs JP¥1.01 loss in 3Q 2025) Third quarter 2026 results: EPS: JP¥19.04 (up from JP¥1.01 loss in 3Q 2025). Revenue: JP¥7.07b (up 2.1% from 3Q 2025). Net income: JP¥950.0m (up JP¥1.00b from 3Q 2025). Profit margin: 13% (up from net loss in 3Q 2025). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Real Estate industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 24% per year. Announcement • Nov 29
Airport Facilities Co., Ltd. to Report Q3, 2026 Results on Jan 29, 2026 Airport Facilities Co., Ltd. announced that they will report Q3, 2026 results on Jan 29, 2026 Declared Dividend • Nov 27
First half dividend of JP¥19.00 announced Shareholders will receive a dividend of JP¥19.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 3.5%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by both earnings (33% earnings payout ratio) and cash flows (82% cash payout ratio). The dividend has increased by an average of 12% 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 71% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 31
Second quarter 2026 earnings released: JP¥10.31 loss per share (vs JP¥18.24 profit in 2Q 2025) Second quarter 2026 results: JP¥10.31 loss per share (down from JP¥18.24 profit in 2Q 2025). Revenue: JP¥7.72b (up 4.1% from 2Q 2025). Net loss: JP¥519.0m (down 157% from profit in 2Q 2025). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Real Estate industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 26% per year. Announcement • Oct 30
Airport Facilities Co., Ltd. (TSE:8864) announces an Equity Buyback for 1,236,000 shares, representing 2.45% for ¥1,000 million. Airport Facilities Co., Ltd. (TSE:8864) announces a share repurchase program. Under the program, the company will repurchase up to 1,236,000 shares, representing 2.45% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to improve capital efficiency. Repurchased shares will be cancelled. The program is valid till January 30, 2026. As of September 30, 2025, the company had 50,353,714 shares outstanding (excluding treasury shares) and 2,625,636 shares in treasury. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 27 November 2025. Payout ratio is a comfortable 32% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.4%). Price Target Changed • Sep 13
Price target increased by 29% to JP¥1,170 Up from JP¥910, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥1,150. Stock is up 102% over the past year. The company is forecast to post earnings per share of JP¥63.80 for next year compared to JP¥51.26 last year. Announcement • Sep 01
Airport Facilities Co., Ltd. to Report Q2, 2026 Results on Oct 30, 2025 Airport Facilities Co., Ltd. announced that they will report Q2, 2026 results on Oct 30, 2025 Reported Earnings • Jul 25
First quarter 2026 earnings released: EPS: JP¥30.57 (vs JP¥16.55 in 1Q 2025) First quarter 2026 results: EPS: JP¥30.57 (up from JP¥16.55 in 1Q 2025). Revenue: JP¥9.45b (up 42% from 1Q 2025). Net income: JP¥1.54b (up 85% from 1Q 2025). Profit margin: 16% (up from 12% in 1Q 2025). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Real Estate industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥18.00 announced Shareholders will receive a dividend of JP¥18.00. Ex-date: 29th September 2025 Payment date: 27th November 2025 Dividend yield will be 3.6%, which is higher than the industry average of 2.5%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but not covered by cash flows (138% cash payout ratio). The dividend has increased by an average of 12% 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 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 16
Airport Facilities Co., Ltd. to Report Q1, 2026 Results on Jul 24, 2025 Airport Facilities Co., Ltd. announced that they will report Q1, 2026 results on Jul 24, 2025 Price Target Changed • Jun 13
Price target increased by 32% to JP¥900 Up from JP¥680, the current price target is provided by 1 analyst. New target price is 12% above last closing price of JP¥806. Stock is up 35% over the past year. The company is forecast to post earnings per share of JP¥63.85 for next year compared to JP¥51.26 last year. New Risk • May 26
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 142% Dividend yield: 5.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Minor Risks Dividend is not well covered by cash flows (142% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • May 10
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥51.26 (up from JP¥40.27 in FY 2024). Revenue: JP¥31.1b (up 20% from FY 2024). Net income: JP¥2.58b (up 28% from FY 2024). Profit margin: 8.3% (up from 7.8% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.9%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Real Estate industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • May 09
Airport Facilities Co., Ltd., Annual General Meeting, Jun 26, 2025 Airport Facilities Co., Ltd., Annual General Meeting, Jun 26, 2025. Announcement • Mar 26
Airport Facilities Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Airport Facilities Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Major Estimate Revision • Feb 08
Consensus EPS estimates increase by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥28.9b to JP¥31.1b. EPS estimate increased from JP¥40.00 to JP¥48.10 per share. Net income forecast to grow 54% next year vs 11% growth forecast for Real Estate industry in Japan. Consensus price target of JP¥680 unchanged from last update. Share price was steady at JP¥593 over the past week. Reported Earnings • Jan 31
Third quarter 2025 earnings released: JP¥1.01 loss per share (vs JP¥11.98 profit in 3Q 2024) Third quarter 2025 results: JP¥1.01 loss per share (down from JP¥11.98 profit in 3Q 2024). Revenue: JP¥6.92b (up 9.0% from 3Q 2024). Net loss: JP¥51.0m (down 109% from profit in 3Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Real Estate industry in Japan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. New Risk • Jan 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.5% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥18.24 (vs JP¥11.16 in 2Q 2024) Second quarter 2025 results: EPS: JP¥18.24 (up from JP¥11.16 in 2Q 2024). Revenue: JP¥7.42b (up 9.3% from 2Q 2024). Net income: JP¥917.0m (up 64% from 2Q 2024). Profit margin: 12% (up from 8.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Real Estate industry in Japan. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 25 November 2024. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.6%). Reported Earnings • Jul 27
First quarter 2025 earnings released: EPS: JP¥16.55 (vs JP¥13.60 in 1Q 2024) First quarter 2025 results: EPS: JP¥16.55 (up from JP¥13.60 in 1Q 2024). Revenue: JP¥6.68b (up 5.4% from 1Q 2024). Net income: JP¥831.0m (up 22% from 1Q 2024). Profit margin: 12% (up from 11% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Real Estate industry in Japan. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
Airport Facilities Co., Ltd. to Report Q1, 2025 Results on Jul 25, 2024 Airport Facilities Co., Ltd. announced that they will report Q1, 2025 results on Jul 25, 2024 Reported Earnings • May 12
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥40.27 (up from JP¥31.27 in FY 2023). Revenue: JP¥26.0b (up 1.7% from FY 2023). Net income: JP¥2.02b (up 29% from FY 2023). Profit margin: 7.8% (up from 6.1% in FY 2023). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 12%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Real Estate industry in Japan. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • May 12
Airport Facilities Co., Ltd., Annual General Meeting, Jun 27, 2024 Airport Facilities Co., Ltd., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.2%). Announcement • Mar 02
Airport Facilities Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Airport Facilities Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Major Estimate Revision • Feb 06
Consensus EPS estimates increase by 17% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥26.2b to JP¥26.5b. EPS estimate increased from JP¥30.70 to JP¥35.90 per share. Net income forecast to grow 75% next year vs 18% growth forecast for Real Estate industry in Japan. Consensus price target up from JP¥650 to JP¥680. Share price was steady at JP¥617 over the past week. Reported Earnings • Jan 26
Third quarter 2024 earnings released: EPS: JP¥11.98 (vs JP¥19.79 in 3Q 2023) Third quarter 2024 results: EPS: JP¥11.98 (down from JP¥19.79 in 3Q 2023). Revenue: JP¥6.35b (flat on 3Q 2023). Net income: JP¥601.0m (down 39% from 3Q 2023). Profit margin: 9.5% (down from 16% in 3Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Real Estate industry in Japan. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 28
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: JP¥11.16 (up from JP¥10.39 in 2Q 2023). Revenue: JP¥6.78b (up 4.0% from 2Q 2023). Net income: JP¥560.0m (up 7.7% from 2Q 2023). Profit margin: 8.3% (up from 8.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.7%. Revenue is forecast to grow 2.1% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Real Estate industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥7.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 27 November 2023. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.6%). Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: JP¥13.60 (vs JP¥15.56 in 1Q 2023) First quarter 2024 results: EPS: JP¥13.60 (down from JP¥15.56 in 1Q 2023). Revenue: JP¥6.33b (up 2.3% from 1Q 2023). Net income: JP¥681.0m (down 12% from 1Q 2023). Profit margin: 11% (down from 13% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Real Estate industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year. Announcement • Jun 17
Airport Facilities Co., Ltd. to Report Q1, 2024 Results on Jul 27, 2023 Airport Facilities Co., Ltd. announced that they will report Q1, 2024 results on Jul 27, 2023 Reported Earnings • May 16
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥31.27 (up from JP¥16.44 in FY 2022). Revenue: JP¥25.5b (up 7.3% from FY 2022). Net income: JP¥1.56b (up 91% from FY 2022). Profit margin: 6.1% (up from 3.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 3.5% growth forecast for the Real Estate industry in Japan. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • May 13
Airport Facilities Co., Ltd., Annual General Meeting, Jun 29, 2023 Airport Facilities Co., Ltd., Annual General Meeting, Jun 29, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥7.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.1%). Reported Earnings • Jan 27
Third quarter 2023 earnings released: EPS: JP¥19.79 (vs JP¥11.95 in 3Q 2022) Third quarter 2023 results: EPS: JP¥19.79 (up from JP¥11.95 in 3Q 2022). Revenue: JP¥6.32b (up 8.5% from 3Q 2022). Net income: JP¥990.0m (up 66% from 3Q 2022). Profit margin: 16% (up from 10% in 3Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Real Estate industry in Japan. Over the last 3 years on average, earnings per share has fallen by 44% 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. Announcement • Dec 17
Airport Facilities Co., Ltd. to Report Q3, 2023 Results on Jan 26, 2023 Airport Facilities Co., Ltd. announced that they will report Q3, 2023 results on Jan 26, 2023 Board Change • Nov 16
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: 3 independent directors. 6 non-independent directors. Independent Outside Director Toshikatsu Ogura was the last independent director to join the board, commencing their role in 2022. 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 • Oct 28
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: JP¥10.39 (down from JP¥13.36 in 2Q 2022). Revenue: JP¥6.53b (up 6.4% from 2Q 2022). Net income: JP¥520.0m (down 22% from 2Q 2022). Profit margin: 8.0% (down from 11% in 2Q 2022). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Real Estate industry in Japan. Over the last 3 years on average, earnings per share has fallen by 60% 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. Announcement • Sep 28
Airport Facilities Co., Ltd. to Report Q2, 2023 Results on Oct 27, 2022 Airport Facilities Co., Ltd. announced that they will report Q2, 2023 results on Oct 27, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 29 November 2022. Payout ratio is a comfortable 73% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.6%). Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥15.56 (vs JP¥12.84 in 1Q 2022) First quarter 2023 results: EPS: JP¥15.56 (up from JP¥12.84 in 1Q 2022). Revenue: JP¥6.19b (up 6.9% from 1Q 2022). Net income: JP¥777.0m (up 21% from 1Q 2022). Profit margin: 13% (up from 11% in 1Q 2022). Over the next year, revenue is forecast to grow 2.9%, compared to a 3.9% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
Airport Facilities Co., Ltd. to Report Q1, 2023 Results on Jul 28, 2022 Airport Facilities Co., Ltd. announced that they will report Q1, 2023 results on Jul 28, 2022 Reported Earnings • May 17
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥16.44 (up from JP¥18.70 loss in FY 2021). Revenue: JP¥23.8b (down 1.6% from FY 2021). Net income: JP¥821.0m (up JP¥1.75b from FY 2021). Profit margin: 3.5% (up from net loss in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 3.8%, compared to a 4.2% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Announcement • May 15
Airport Facilities Co., Ltd., Annual General Meeting, Jun 29, 2022 Airport Facilities Co., Ltd., Annual General Meeting, Jun 29, 2022. Agenda: AGM. Price Target Changed • Apr 27
Price target increased to JP¥660 Up from JP¥540, the current price target is provided by 1 analyst. New target price is 27% above last closing price of JP¥521. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥16.22 next year compared to a net loss per share of JP¥18.70 last year. Announcement • Apr 08
Airport Facilities Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Airport Facilities Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.6%). Reported Earnings • Jan 28
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥11.95 (down from JP¥12.44 in 3Q 2021). Revenue: JP¥5.83b (down 2.2% from 3Q 2021). Net income: JP¥597.0m (down 3.9% from 3Q 2021). Profit margin: 10% (in line with 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 52%. Over the next year, revenue is forecast to grow 3.9%, compared to a 5.0% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS JP¥13.36 (vs JP¥5.31 in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥6.13b (down 1.9% from 2Q 2021). Net income: JP¥667.0m (up 152% from 2Q 2021). Profit margin: 11% (up from 4.2% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 59% 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. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 26 November 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (2.3%). Reported Earnings • Aug 01
First quarter 2022 earnings released: EPS JP¥12.84 (vs JP¥14.19 in 1Q 2021) The company reported a poor first quarter result with weaker earnings and revenues, although profit margins were flat. First quarter 2022 results: Revenue: JP¥5.79b (down 2.4% from 1Q 2021). Net income: JP¥641.0m (down 9.3% from 1Q 2021). Profit margin: 11% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 44% 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. Reported Earnings • May 15
Full year 2021 earnings released: JP¥18.70 loss per share (vs JP¥44.71 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥24.2b (down 2.8% from FY 2020). Net loss: JP¥933.0m (down 142% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 25% 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. Price Target Changed • Apr 03
Price target increased to JP¥660 Up from JP¥540, the current price target is provided by 1 analyst. New target price is 12% above last closing price of JP¥590. Stock is up 59% over the past year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (2.1%). Is New 90 Day High Low • Mar 03
New 90-day high: JP¥542 The company is up 8.0% from its price of JP¥503 on 03 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 3.0% over the same period. Is New 90 Day High Low • Feb 03
New 90-day high: JP¥505 The company is up 2.0% from its price of JP¥494 on 05 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Real Estate industry, which is up 9.0% over the same period. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS JP¥12.44 (vs JP¥13.53 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥5.96b (down 1.7% from 3Q 2020). Net income: JP¥621.0m (down 7.9% from 3Q 2020). Profit margin: 10% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Dec 03
New 90-day high: JP¥503 The company is up 19% from its price of JP¥423 on 04 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 Real Estate industry, which is up 14% over the same period. Announcement • Oct 10
Airport Facilities Co., Ltd. to Report Q2, 2021 Results on Oct 29, 2020 Airport Facilities Co., Ltd. announced that they will report Q2, 2021 results on Oct 29, 2020 Announcement • Jun 28
Airport Facilities Co., Ltd. to Report Q1, 2021 Results on Jul 30, 2020 Airport Facilities Co., Ltd. announced that they will report Q1, 2021 results on Jul 30, 2020