Announcement • Jun 19
Higashi Holdings Co., Ltd. to Report Q1, 2027 Results on Jul 24, 2026 Higashi Holdings Co., Ltd. announced that they will report Q1, 2027 results on Jul 24, 2026 New Risk • May 11
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 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (99% cash payout ratio). Share price has been volatile over the past 3 months (7.3% average weekly change). Reported Earnings • May 09
Full year 2026 earnings released: EPS: JP¥199 (vs JP¥137 in FY 2025) Full year 2026 results: EPS: JP¥199 (up from JP¥137 in FY 2025). Revenue: JP¥58.0b (up 21% from FY 2025). Net income: JP¥2.60b (up 44% from FY 2025). Profit margin: 4.5% (up from 3.8% in FY 2025). The increase in margin was driven by higher revenue. 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 23% per year. Announcement • May 09
Higashi Holdings Co., Ltd. to Report Fiscal Year 2026 Results on May 08, 2026 Higashi Holdings Co., Ltd. announced that they will report fiscal year 2026 results on May 08, 2026 Announcement • May 08
Higashi Holdings Co., Ltd., Annual General Meeting, Jun 12, 2026 Higashi Holdings Co., Ltd., Annual General Meeting, Jun 12, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 16 June 2026. Payout ratio is a comfortable 21% and the cash payout ratio is 99%. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%). Reported Earnings • Jan 24
Third quarter 2026 earnings released: EPS: JP¥63.79 (vs JP¥45.89 in 3Q 2025) Third quarter 2026 results: EPS: JP¥63.79 (up from JP¥45.89 in 3Q 2025). Revenue: JP¥15.7b (up 23% from 3Q 2025). Net income: JP¥834.0m (up 37% from 3Q 2025). Profit margin: 5.3% (up from 4.8% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 06
Higashi Holdings Co., Ltd. to Report Q3, 2026 Results on Jan 23, 2026 Higashi Holdings Co., Ltd. announced that they will report Q3, 2026 results on Jan 23, 2026 Reported Earnings • Oct 25
Second quarter 2026 earnings released: EPS: JP¥54.85 (vs JP¥29.27 in 2Q 2025) Second quarter 2026 results: EPS: JP¥54.85 (up from JP¥29.27 in 2Q 2025). Revenue: JP¥13.8b (up 27% from 2Q 2025). Net income: JP¥717.0m (up 85% from 2Q 2025). Profit margin: 5.2% (up from 3.5% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 12
Higashi Holdings Co., Ltd. to Report Q2, 2026 Results on Oct 24, 2025 Higashi Holdings Co., Ltd. announced that they will report Q2, 2026 results on Oct 24, 2025 Reported Earnings • Jul 29
First quarter 2026 earnings released: EPS: JP¥38.85 (vs JP¥22.92 in 1Q 2025) First quarter 2026 results: EPS: JP¥38.85 (up from JP¥22.92 in 1Q 2025). Revenue: JP¥13.0b (up 17% from 1Q 2025). Net income: JP¥506.0m (up 68% from 1Q 2025). Profit margin: 3.9% (up from 2.7% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 26
Higashi Holdings Co., Ltd. (TSE:9029) completed the acquisition of Peerless Co., Ltd. Higashi Holdings Co., Ltd. (TSE:9029) agreed to acquire Peerless Co., Ltd. on June 13, 2025. The contract is scheduled to execute on June 17, 2025
For the period ending March 31, 2025, Peerless Co., Ltd. reported total revenue of ¥396 million. As of March 31, 2025, Peerless Co., Ltd. reported total assets of ¥298 million and total common equity of ¥240 million.
The transaction is expected to complete on June 26, 2025.
Higashi Holdings Co., Ltd. (TSE:9029) completed the acquisition of Peerless Co., Ltd. on June 26, 2025. Following the completion the board and shareholders at the general meeting voted and appointed Ken Suzuki as Representative Director, Kazuhiro Kojima as Director and Yoshiaki Kagi as Audit & Supervisory Board Member of Peerless Co., Ltd. Announcement • Jun 24
Higashi Holdings Co., Ltd. to Report Q1, 2026 Results on Jul 25, 2025 Higashi Holdings Co., Ltd. announced that they will report Q1, 2026 results on Jul 25, 2025 Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,462, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 11x in the Transportation industry in Japan. Total returns to shareholders of 145% over the past three years. Reported Earnings • May 10
Full year 2025 earnings released: EPS: JP¥137 (vs JP¥114 in FY 2024) Full year 2025 results: EPS: JP¥137 (up from JP¥114 in FY 2024). Revenue: JP¥48.1b (up 18% from FY 2024). Net income: JP¥1.81b (up 20% from FY 2024). Profit margin: 3.8% (up from 3.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 09
Higashi Holdings Co., Ltd., Annual General Meeting, Jun 13, 2025 Higashi Holdings Co., Ltd., Annual General Meeting, Jun 13, 2025. New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.9b (US$95.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (JP¥13.9b market cap, or US$95.1m). Announcement • Mar 25
Higashi Twenty One Co., Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Higashi Twenty One Co., Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 17 June 2025. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Announcement • Mar 15
Higashi Twenty One Co., Ltd. (TSE:9029) announces an Equity Buyback for 200,000 shares, representing 1.51% for ¥246.2 million. Higashi Twenty One Co., Ltd. (TSE:9029) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.51% of its share capital, for ¥246.2 million. The shares will be repurchased at a price of ¥1,231 per share. The purpose of the program is to enable the implementation of flexible capital policies in response to changes in the business environment. The program will expire on March 17, 2025. As of December 31, 2024, the company had 13,225,975 shares in issue(excluding treasury stock) and 38,025 shares in treasury. Reported Earnings • Jan 27
Third quarter 2025 earnings released: EPS: JP¥45.89 (vs JP¥29.22 in 3Q 2024) Third quarter 2025 results: EPS: JP¥45.89 (up from JP¥29.22 in 3Q 2024). Revenue: JP¥12.7b (up 27% from 3Q 2024). Net income: JP¥607.0m (up 58% from 3Q 2024). Profit margin: 4.8% (up from 3.8% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥1,231, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 11x in the Transportation industry in Japan. Total returns to shareholders of 116% over the past three years. Announcement • Dec 17
Higashi Twenty One Co., Ltd. to Report Q3, 2025 Results on Jan 24, 2025 Higashi Twenty One Co., Ltd. announced that they will report Q3, 2025 results on Jan 24, 2025 Reported Earnings • Oct 26
Second quarter 2025 earnings released: EPS: JP¥29.27 (vs JP¥28.25 in 2Q 2024) Second quarter 2025 results: EPS: JP¥29.27 (up from JP¥28.25 in 2Q 2024). Revenue: JP¥10.9b (up 13% from 2Q 2024). Net income: JP¥387.0m (up 4.0% from 2Q 2024). Profit margin: 3.5% (down from 3.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 16% per year. Announcement • Sep 11
Higashi Twenty One Co., Ltd. to Report Q2, 2025 Results on Oct 25, 2024 Higashi Twenty One Co., Ltd. announced that they will report Q2, 2025 results on Oct 25, 2024 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 (327% cash payout ratio). Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (JP¥12.3b market cap, or US$86.0m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥930, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 12x in the Transportation industry in Japan. Total returns to shareholders of 42% over the past three years. New Risk • Aug 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.8b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (327% cash payout ratio). Market cap is less than US$100m (JP¥14.8b market cap, or US$99.8m). Reported Earnings • Jul 28
First quarter 2025 earnings released: EPS: JP¥22.92 (vs JP¥28.20 in 1Q 2024) First quarter 2025 results: EPS: JP¥22.92 (down from JP¥28.20 in 1Q 2024). Revenue: JP¥11.0b (up 12% from 1Q 2024). Net income: JP¥302.0m (down 18% from 1Q 2024). Profit margin: 2.7% (down from 3.8% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. 1 highly experienced director. Independent Outside Director Masaaki Kamei was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jun 20
Higashi Twenty One Co., Ltd. to Report Q1, 2025 Results on Jul 26, 2024 Higashi Twenty One Co., Ltd. announced that they will report Q1, 2025 results on Jul 26, 2024 Reported Earnings • Jun 19
Full year 2024 earnings released: EPS: JP¥114 (vs JP¥96.78 in FY 2023) Full year 2024 results: EPS: JP¥114 (up from JP¥96.78 in FY 2023). Revenue: JP¥40.6b (up 17% from FY 2023). Net income: JP¥1.51b (up 19% from FY 2023). Profit margin: 3.7% (up from 3.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 17% per year. Reported Earnings • May 12
Full year 2024 earnings released: EPS: JP¥114 (vs JP¥96.78 in FY 2023) Full year 2024 results: EPS: JP¥114 (up from JP¥96.78 in FY 2023). Revenue: JP¥40.6b (up 17% from FY 2023). Net income: JP¥1.51b (up 19% from FY 2023). Profit margin: 3.7% (up from 3.6% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 25% per year. Announcement • May 12
Higashi Twenty One Co., Ltd., Annual General Meeting, Jun 14, 2024 Higashi Twenty One Co., Ltd., Annual General Meeting, Jun 14, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥34.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 19 June 2024. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.2%). Announcement • Mar 14
Higashi Twenty One Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Higashi Twenty One Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 New Risk • Feb 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.9b (US$99.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥14.9b market cap, or US$99.1m). Reported Earnings • Jan 27
Third quarter 2024 earnings released: EPS: JP¥29.22 (vs JP¥28.89 in 3Q 2023) Third quarter 2024 results: EPS: JP¥29.22 (up from JP¥28.89 in 3Q 2023). Revenue: JP¥10.0b (up 14% from 3Q 2023). Net income: JP¥385.0m (up 1.6% from 3Q 2023). Profit margin: 3.8% (down from 4.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year and the company’s share price has also increased by 25% per year. Announcement • Dec 28
Higashi Twenty One Co., Ltd. to Report Q3, 2024 Results on Jan 26, 2024 Higashi Twenty One Co., Ltd. announced that they will report Q3, 2024 results on Jan 26, 2024 Reported Earnings • Oct 29
Second quarter 2024 earnings released: EPS: JP¥28.25 (vs JP¥22.19 in 2Q 2023) Second quarter 2024 results: EPS: JP¥28.25 (up from JP¥22.19 in 2Q 2023). Revenue: JP¥9.70b (up 18% from 2Q 2023). Net income: JP¥372.0m (up 28% from 2Q 2023). Profit margin: 3.8% (up from 3.5% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 30% per year. Announcement • Aug 30
Higashi Twenty One Co., Ltd. to Report Q2, 2024 Results on Oct 27, 2023 Higashi Twenty One Co., Ltd. announced that they will report Q2, 2024 results on Oct 27, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥28.20 (vs JP¥24.59 in 1Q 2023) First quarter 2024 results: EPS: JP¥28.20 (up from JP¥24.59 in 1Q 2023). Revenue: JP¥9.83b (up 22% from 1Q 2023). Net income: JP¥370.0m (up 15% from 1Q 2023). Profit margin: 3.8% (down from 4.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 30% per year. Reported Earnings • Jun 21
Full year 2023 earnings released: EPS: JP¥96.78 (vs JP¥85.87 in FY 2022) Full year 2023 results: EPS: JP¥96.78 (up from JP¥85.87 in FY 2022). Revenue: JP¥34.8b (up 25% from FY 2022). Net income: JP¥1.27b (up 13% from FY 2022). Profit margin: 3.6% (down from 4.0% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Jun 11
Higashi Twenty One Co., Ltd. to Report Q1, 2024 Results on Jul 28, 2023 Higashi Twenty One Co., Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023 Announcement • May 17
Higashi Twenty One Co., Ltd., Annual General Meeting, Jun 16, 2023 Higashi Twenty One Co., Ltd., Annual General Meeting, Jun 16, 2023. Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥96.78 (vs JP¥85.87 in FY 2022) Full year 2023 results: EPS: JP¥96.78 (up from JP¥85.87 in FY 2022). Revenue: JP¥34.8b (up 25% from FY 2022). Net income: JP¥1.27b (up 13% from FY 2022). Profit margin: 3.6% (down from 4.0% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥28.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 22 June 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.1%). Reported Earnings • Jan 28
Third quarter 2023 earnings released: EPS: JP¥28.89 (vs JP¥20.30 in 3Q 2022) Third quarter 2023 results: EPS: JP¥28.89 (up from JP¥20.30 in 3Q 2022). Revenue: JP¥8.82b (up 23% from 3Q 2022). Net income: JP¥379.0m (up 43% from 3Q 2022). Profit margin: 4.3% (up from 3.7% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Dec 07
Higashi Twenty One Co., Ltd. to Report Q3, 2023 Results on Jan 27, 2023 Higashi Twenty One Co., Ltd. announced that they will report Q3, 2023 results on Jan 27, 2023 Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥22.19 (vs JP¥15.25 in 2Q 2022) Second quarter 2023 results: EPS: JP¥22.19 (up from JP¥15.25 in 2Q 2022). Revenue: JP¥8.25b (up 40% from 2Q 2022). Net income: JP¥291.0m (up 46% from 2Q 2022). Profit margin: 3.5% (up from 3.4% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Sep 16
Higashi Twenty One Co., Ltd. to Report Q2, 2023 Results on Oct 28, 2022 Higashi Twenty One Co., Ltd. announced that they will report Q2, 2023 results on Oct 28, 2022 Announcement • Sep 01
Higashi Twenty One Co., Ltd. (TSE:9029) completed the acquisition of Tabito Co., Ltd.. Higashi Twenty One Co., Ltd. (TSE:9029) agreed to acquire Tabito Co., Ltd. on August 26, 2022.Higashi Twenty One Co., Ltd. (TSE:9029) completed the acquisition of Tabito Co., Ltd. on August 31, 2022. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥24.59 (vs JP¥25.83 in 1Q 2022) First quarter 2023 results: EPS: JP¥24.59 (down from JP¥25.83 in 1Q 2022). Revenue: JP¥8.05b (up 23% from 1Q 2022). Net income: JP¥321.0m (down 4.5% from 1Q 2022). Profit margin: 4.0% (down from 5.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 26
Full year 2022 earnings released: EPS: JP¥85.87 (vs JP¥51.29 in FY 2021) Full year 2022 results: EPS: JP¥85.87 (up from JP¥51.29 in FY 2021). Revenue: JP¥28.0b (up 14% from FY 2021). Net income: JP¥1.12b (up 68% from FY 2021). Profit margin: 4.0% (up from 2.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 14% per year. Announcement • Jun 09
Higashi Twenty One Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022 Higashi Twenty One Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • May 13
Full year 2022 earnings released: EPS: JP¥85.87 (vs JP¥51.29 in FY 2021) Full year 2022 results: EPS: JP¥85.87 (up from JP¥51.29 in FY 2021). Revenue: JP¥28.0b (up 14% from FY 2021). Net income: JP¥1.12b (up 68% from FY 2021). Profit margin: 4.0% (up from 2.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% 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 13
Higashi Twenty One Co., Ltd., Annual General Meeting, Jun 21, 2022 Higashi Twenty One Co., Ltd., Annual General Meeting, Jun 21, 2022. Announcement • Apr 08
Higashi Twenty One Co., Ltd. to Report Fiscal Year 2022 Results on May 11, 2022 Higashi Twenty One Co., Ltd. announced that they will report fiscal year 2022 results on May 11, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 17 June 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Announcement • Feb 25
Higashi Twenty One Co., Ltd. (TSE:9029) completed the acquisition of Yamashin Transportation Co., Ltd. Higashi Twenty One Co., Ltd. (TSE:9029) agreed to acquire Yamashin Transportation Co., Ltd. on February 18, 2022. the deal is subject to approval from Higashi Twenty One Co., Ltd. (TSE:9029) board. As of February 18, 2022 Higashi Twenty One Co., Ltd. (TSE:9029) board approved the deal.
Higashi Twenty One Co., Ltd. (TSE:9029) completed the acquisition of Yamashin Transportation Co., Ltd. on February 24, 2022. Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥20.30 (up from JP¥14.68 in 3Q 2021). Revenue: JP¥7.18b (up 19% from 3Q 2021). Net income: JP¥265.0m (up 39% from 3Q 2021). Profit margin: 3.7% (up from 3.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 14% 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 31
Second quarter 2022 earnings released: EPS JP¥15.25 (vs JP¥16.31 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥5.91b (up 3.7% from 2Q 2021). Net income: JP¥199.0m (down 6.1% from 2Q 2021). Profit margin: 3.4% (down from 3.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥25.83 (vs JP¥9.67 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥6.54b (up 18% from 1Q 2021). Net income: JP¥336.0m (up 169% from 1Q 2021). Profit margin: 5.1% (up from 2.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Chief of Legal Affairs, Mang Exe. Officer, Manager of Planning & General Affairs Dept, and Director Munekatsu Taguchi 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. Reported Earnings • Jun 21
Full year 2021 earnings released: EPS JP¥51.29 (vs JP¥53.57 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥24.4b (down 2.7% from FY 2020). Net income: JP¥666.0m (down 3.6% from FY 2020). Profit margin: 2.7% (down from 2.8% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥51.29 (vs JP¥53.57 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥24.4b (down 2.7% from FY 2020). Net income: JP¥666.0m (down 3.6% from FY 2020). Profit margin: 2.7% (down from 2.8% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 18 June 2021. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%). Announcement • Mar 05
Higashi Twenty One Co., Ltd. to Report Fiscal Year 2021 Results on May 12, 2021 Higashi Twenty One Co., Ltd. announced that they will report fiscal year 2021 results on May 12, 2021 Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥14.68 (vs JP¥14.55 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥6.05b (up 1.1% from 3Q 2020). Net income: JP¥191.0m (up 1.6% from 3Q 2020). Profit margin: 3.2% (up from 3.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 01
Market bids up stock over the past week After last week's 17% share price gain to JP¥680, the stock is trading at a trailing P/E ratio of 14.8x, up from the previous P/E ratio of 12.7x. This compares to an average P/E of 13x in the Transportation industry in Japan. Total returns to shareholders over the past three years are 90%. Is New 90 Day High Low • Dec 01
New 90-day high: JP¥680 The company is up 48% from its price of JP¥461 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Transportation industry, which is down 3.0% over the same period. Announcement • Sep 03
Higashi Twenty One Co., Ltd. to Report Q2, 2021 Results on Oct 30, 2020 Higashi Twenty One Co., Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020 Announcement • Jul 17
Higashi Twenty One Co., Ltd. to Report Q1, 2021 Results on Jul 29, 2020 Higashi Twenty One Co., Ltd. announced that they will report Q1, 2021 results on Jul 29, 2020 