Price Target Changed • Jun 17
Price target increased by 9.5% to JP¥2,683 Up from JP¥2,450, the current price target is an average from 3 analysts. New target price is 18% above last closing price of JP¥2,278. Stock is up 8.4% over the past year. The company is forecast to post earnings per share of JP¥93.01 for next year compared to JP¥81.32 last year. Buy Or Sell Opportunity • Jun 11
Now 20% undervalued Over the last 90 days, the stock has risen 24% to JP¥2,395. The fair value is estimated to be JP¥2,994, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • May 30
Kotobuki Spirits Co., Ltd. to Report Q1, 2027 Results on Aug 03, 2026 Kotobuki Spirits Co., Ltd. announced that they will report Q1, 2027 results on Aug 03, 2026 Reported Earnings • May 18
Full year 2026 earnings: Revenues and EPS in line with analyst expectations Full year 2026 results: EPS: JP¥81.32 (up from JP¥77.99 in FY 2025). Revenue: JP¥78.8b (up 8.9% from FY 2025). Net income: JP¥12.6b (up 3.6% from FY 2025). Profit margin: 16% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.3% p.a. on average 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 increased by 15% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • May 18
Now 21% undervalued Over the last 90 days, the stock has risen 2.6% to JP¥2,065. The fair value is estimated to be JP¥2,609, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 7.3% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • May 15
Kotobuki Spirits Co., Ltd., Annual General Meeting, Jun 25, 2026 Kotobuki Spirits Co., Ltd., Annual General Meeting, Jun 25, 2026. Announcement • Apr 11
Kotobuki Spirits Co., Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Kotobuki Spirits Co., Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.0%). Reported Earnings • Feb 03
Third quarter 2026 earnings: EPS in line with expectations, revenues disappoint Third quarter 2026 results: EPS: JP¥27.94 (up from JP¥25.92 in 3Q 2025). Revenue: JP¥22.7b (up 8.6% from 3Q 2025). Net income: JP¥4.32b (up 7.0% from 3Q 2025). Profit margin: 19% (in line with 3Q 2025). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Dec 02
Kotobuki Spirits Co., Ltd. to Report Q3, 2026 Results on Feb 02, 2026 Kotobuki Spirits Co., Ltd. announced that they will report Q3, 2026 results on Feb 02, 2026 Declared Dividend • Nov 06
Dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 1.8%, which is higher than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (41% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 06
Second quarter 2026 earnings: EPS in line with expectations, revenues disappoint Second quarter 2026 results: EPS: JP¥17.57. Revenue: JP¥18.8b (up 8.2% from 2Q 2025). Net income: JP¥2.71b (flat on 2Q 2025). Profit margin: 14% (down from 16% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Food industry in Japan. Announcement • Sep 02
Kotobuki Spirits Co., Ltd. to Report Q2, 2026 Results on Nov 04, 2025 Kotobuki Spirits Co., Ltd. announced that they will report Q2, 2026 results on Nov 04, 2025 New Risk • Aug 05
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 02
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: JP¥14.92 (up from JP¥14.56 in 1Q 2025). Revenue: JP¥17.0b (up 9.3% from 1Q 2025). Net income: JP¥2.30b (up 1.7% from 1Q 2025). Profit margin: 14% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Food 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 9% per year, which means it is significantly lagging earnings growth. Announcement • Jul 10
Kotobuki Spirits Co., Ltd. Provides Sales Guidance for the First Quarter Ended June 30, 2025 Kotobuki Spirits Co., Ltd. provided sales guidance for the first quarter ended June 30, 2025. For the quarter, the company expects sales of ¥16,976 million against ¥15,526 million a year ago. Price Target Changed • Jul 10
Price target decreased by 7.1% to JP¥2,600 Down from JP¥2,800, the current price target is an average from 3 analysts. New target price is 27% above last closing price of JP¥2,055. Stock is up 5.5% over the past year. The company is forecast to post earnings per share of JP¥89.50 for next year compared to JP¥77.99 last year. New Risk • Jul 09
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 6.1% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 27
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥77.99 (up from JP¥69.61 in FY 2024). Revenue: JP¥72.3b (up 13% from FY 2024). Net income: JP¥12.1b (up 12% from FY 2024). Profit margin: 17% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Jun 05
Kotobuki Spirits Co., Ltd. to Report Q1, 2026 Results on Aug 01, 2025 Kotobuki Spirits Co., Ltd. announced that they will report Q1, 2026 results on Aug 01, 2025 Buy Or Sell Opportunity • May 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.7% to JP¥2,348. The fair value is estimated to be JP¥2,975, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 44%. For the next 3 years, revenue is forecast to grow by 7.4% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Reported Earnings • May 15
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥77.99 (up from JP¥69.61 in FY 2024). Revenue: JP¥72.3b (up 13% from FY 2024). Net income: JP¥12.1b (up 12% from FY 2024). Profit margin: 17% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.8%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Food industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% 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 13
Kotobuki Spirits Co., Ltd., Annual General Meeting, Jun 24, 2025 Kotobuki Spirits Co., Ltd., Annual General Meeting, Jun 24, 2025. Price Target Changed • Mar 26
Price target increased by 7.6% to JP¥2,787 Up from JP¥2,590, the current price target is an average from 3 analysts. New target price is 9.4% above last closing price of JP¥2,548. Stock is up 32% over the past year. The company is forecast to post earnings per share of JP¥80.26 for next year compared to JP¥69.61 last year. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.6%). Announcement • Mar 01
Kotobuki Spirits Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Kotobuki Spirits Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 04
Third quarter 2025 earnings released: EPS: JP¥25.92 (vs JP¥22.15 in 3Q 2024) Third quarter 2025 results: EPS: JP¥25.92 (up from JP¥22.15 in 3Q 2024). Revenue: JP¥20.9b (up 15% from 3Q 2024). Net income: JP¥4.03b (up 17% from 3Q 2024). Profit margin: 19% (in line with 3Q 2024). Revenue is forecast to grow 12% p.a. on average 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 increased by 53% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. New Risk • Jan 06
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 5.1% 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. This is currently the only risk that has been identified for the company. Announcement • Dec 11
Kotobuki Spirits Co., Ltd. has filed a Follow-on Equity Offering. Kotobuki Spirits Co., Ltd. has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 2,584,800 Announcement • Dec 09
Kotobuki Spirits Co., Ltd. (TSE:2222) announces an Equity Buyback for 2,000,000 shares, representing 1.28% for ¥3,000 million. Kotobuki Spirits Co., Ltd. (TSE:2222) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 1.28% of its issued share capital, for ¥3,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency, and to mitigate the impact on the supply and demand of the company's shares due to the public offering of ordinary shares. The program is valid till March 31, 2025. As of September 30, 2024, there are 155,643,905 outstanding shares (excluding treasury shares) and 14,497 treasury shares. Announcement • Dec 03
Kotobuki Spirits Co., Ltd. to Report Q3, 2025 Results on Feb 03, 2025 Kotobuki Spirits Co., Ltd. announced that they will report Q3, 2025 results on Feb 03, 2025 Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥17.51 (vs JP¥15.33 in 2Q 2024) Second quarter 2025 results: EPS: JP¥17.51 (up from JP¥15.33 in 2Q 2024). Revenue: JP¥17.4b (up 16% from 2Q 2024). Net income: JP¥2.73b (up 14% from 2Q 2024). Profit margin: 16% (in line with 2Q 2024). Revenue is forecast to grow 11% 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 increased by 63% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Declared Dividend • Nov 07
Dividend of JP¥28.00 announced Shareholders will receive a dividend of JP¥28.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 1.3%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Sep 04
Kotobuki Spirits Co., Ltd. to Report Q2, 2025 Results on Nov 05, 2024 Kotobuki Spirits Co., Ltd. announced that they will report Q2, 2025 results on Nov 05, 2024 New Risk • Aug 05
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: JP¥14.56 (vs JP¥13.29 in 1Q 2024) First quarter 2025 results: EPS: JP¥14.56 (up from JP¥13.29 in 1Q 2024). Revenue: JP¥15.5b (up 12% from 1Q 2024). Net income: JP¥2.27b (up 9.5% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Revenue is forecast to grow 11% 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 increased by 74% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. New Risk • Aug 02
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 5.5% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,594, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Food industry in Japan. Total returns to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,368 per share. Price Target Changed • Jun 13
Price target decreased by 11% to JP¥2,757 Down from JP¥3,090, the current price target is an average from 3 analysts. New target price is 50% above last closing price of JP¥1,838. Stock is down 15% over the past year. The company is forecast to post earnings per share of JP¥82.70 for next year compared to JP¥69.61 last year. Reported Earnings • May 18
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: JP¥69.61 (up from JP¥45.10 in FY 2023). Revenue: JP¥64.0b (up 28% from FY 2023). Net income: JP¥10.8b (up 54% from FY 2023). Profit margin: 17% (up from 14% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 12% 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 increased by 86% 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 • Mar 21
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.7%). Announcement • Mar 03
Kotobuki Spirits Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 Kotobuki Spirits Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Price Target Changed • Feb 24
Price target increased by 7.2% to JP¥2,950 Up from JP¥2,752, the current price target is an average from 3 analysts. New target price is 51% above last closing price of JP¥1,956. Stock is up 13% over the past year. The company is forecast to post earnings per share of JP¥67.74 for next year compared to JP¥45.10 last year. Reported Earnings • Feb 03
Third quarter 2024 earnings released: EPS: JP¥22.15 (vs JP¥17.46 in 3Q 2023) Third quarter 2024 results: EPS: JP¥22.15 (up from JP¥17.46 in 3Q 2023). Revenue: JP¥18.1b (up 19% from 3Q 2023). Net income: JP¥3.45b (up 27% from 3Q 2023). Profit margin: 19% (up from 18% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% 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 increased by 96% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Nov 26
Kotobuki Spirits Co., Ltd. to Report Q3, 2024 Results on Feb 01, 2024 Kotobuki Spirits Co., Ltd. announced that they will report Q3, 2024 results on Feb 01, 2024 Price Target Changed • Nov 08
Price target increased by 7.4% to JP¥2,847 Up from JP¥2,652, the current price target is an average from 4 analysts. New target price is 31% above last closing price of JP¥2,169. Stock is up 43% over the past year. The company is forecast to post earnings per share of JP¥62.70 for next year compared to JP¥45.10 last year. Buying Opportunity • Nov 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.8%. The fair value is estimated to be JP¥2,743, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 30% over the last 3 years. Earnings per share has grown by 111%. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings is also forecast to grow by 11% per annum over the same time period. Reported Earnings • Nov 02
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: JP¥15.0b (up 42% from 2Q 2023). Net income: JP¥2.39b (up 106% from 2Q 2023). Profit margin: 16% (up from 11% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Food industry in Japan. Announcement • Sep 28
Kotobuki Spirits Co., Ltd. to Report Q2, 2024 Results on Nov 01, 2023 Kotobuki Spirits Co., Ltd. announced that they will report Q2, 2024 results on Nov 01, 2023 Reported Earnings • Aug 02
First quarter 2024 earnings released: EPS: JP¥66.45 (vs JP¥26.93 in 1Q 2023) First quarter 2024 results: EPS: JP¥66.45 (up from JP¥26.93 in 1Q 2023). Revenue: JP¥13.9b (up 46% from 1Q 2023). Net income: JP¥2.07b (up 147% from 1Q 2023). Profit margin: 15% (up from 8.8% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% 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 increased by 93% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 20
Price target increased by 15% to JP¥12,008 Up from JP¥10,480, the current price target is an average from 4 analysts. New target price is 8.7% above last closing price of JP¥11,050. Stock is up 69% over the past year. The company is forecast to post earnings per share of JP¥295 for next year compared to JP¥226 last year. Price Target Changed • Jun 08
Price target decreased by 7.9% to JP¥10,480 Down from JP¥11,385, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥10,500. Stock is up 40% over the past year. The company is forecast to post earnings per share of JP¥279 for next year compared to JP¥226 last year. Major Estimate Revision • Jun 01
Consensus EPS estimates increase by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from JP¥60.3b to JP¥61.0b. EPS estimate increased from JP¥252 to JP¥279 per share. Net income forecast to grow 23% next year vs 3.2% growth forecast for Food industry in Japan. Consensus price target broadly unchanged at JP¥11,610. Share price rose 6.3% to JP¥10,800 over the past week. Announcement • May 28
Kotobuki Spirits Co., Ltd. to Report Q1, 2024 Results on Aug 01, 2023 Kotobuki Spirits Co., Ltd. announced that they will report Q1, 2024 results on Aug 01, 2023 Reported Earnings • May 17
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: JP¥226 (up from JP¥61.54 in FY 2022). Revenue: JP¥50.2b (up 56% from FY 2022). Net income: JP¥7.02b (up 267% from FY 2022). Profit margin: 14% (up from 5.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% 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 increased by 59% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 28
Price target increased by 8.3% to JP¥11,385 Up from JP¥10,510, the current price target is an average from 4 analysts. New target price is 14% above last closing price of JP¥10,000. Stock is up 46% over the past year. The company is forecast to post earnings per share of JP¥199 for next year compared to JP¥61.54 last year. Price Target Changed • Apr 11
Price target increased by 7.2% to JP¥10,510 Up from JP¥9,805, the current price target is an average from 4 analysts. New target price is 6.8% above last closing price of JP¥9,840. Stock is up 54% over the past year. The company is forecast to post earnings per share of JP¥193 for next year compared to JP¥61.54 last year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥70.00 per share at 0.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%). Major Estimate Revision • Feb 22
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from JP¥47.6b to JP¥48.9b. EPS estimate increased from JP¥166 to JP¥190 per share. Net income forecast to grow 37% next year vs 5.2% growth forecast for Food industry in Japan. Consensus price target up from JP¥9,805 to JP¥10,105. Share price was steady at JP¥8,620 over the past week. Price Target Changed • Feb 21
Price target increased by 7.2% to JP¥10,105 Up from JP¥9,430, the current price target is an average from 4 analysts. New target price is 17% above last closing price of JP¥8,620. Stock is up 38% over the past year. The company is forecast to post earnings per share of JP¥190 for next year compared to JP¥61.54 last year. 
