Announcement • May 30
GMO Financial Holdings, Inc. to Report Q2, 2026 Results on Aug 05, 2026 GMO Financial Holdings, Inc. announced that they will report Q2, 2026 results on Aug 05, 2026 Reported Earnings • May 01
First quarter 2026 earnings released: EPS: JP¥35.62 (vs JP¥21.22 in 1Q 2025) First quarter 2026 results: EPS: JP¥35.62 (up from JP¥21.22 in 1Q 2025). Revenue: JP¥15.4b (up 30% from 1Q 2025). Net income: JP¥4.20b (up 68% from 1Q 2025). Profit margin: 27% (up from 21% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Japan are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Apr 21
GMO Financial Holdings, Inc. to Report Q1, 2026 Results on Apr 30, 2026 GMO Financial Holdings, Inc. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: JP¥88.55 (vs JP¥40.22 in FY 2024) Full year 2025 results: EPS: JP¥88.55 (up from JP¥40.22 in FY 2024). Revenue: JP¥46.4b (up 15% from FY 2024). Net income: JP¥10.4b (up 120% from FY 2024). Profit margin: 23% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Capital Markets 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 16% per year, which means it is significantly lagging earnings growth. Board Change • Mar 24
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 5 highly experienced directors. 3 independent directors (5 non-independent directors). Outside Independent Director Tsutomu Matsuda was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Feb 04
GMO Financial Holdings, Inc., Annual General Meeting, Mar 19, 2026 GMO Financial Holdings, Inc., Annual General Meeting, Mar 19, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥11.81 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 24 March 2026. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (3.2%). Announcement • Dec 09
GMO Financial Holdings, Inc. (TSE:7177) agreed to acquire LASHIC Small Amount and Short-Term Insurance Co., Ltd. GMO Financial Holdings, Inc. (TSE:7177) agreed to acquire LASHIC Small Amount and Short-Term Insurance Co., Ltd. on December 8, 2025. The transaction is subject to approval by regulatory authorities the transaction has been approved by the board of GMO Financial Holdings, Inc. The transaction is expected to close in January 2026 or later. Announcement • Dec 03
GMO Financial Holdings, Inc. to Report Fiscal Year 2025 Results on Feb 04, 2026 GMO Financial Holdings, Inc. announced that they will report fiscal year 2025 results on Feb 04, 2026 Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: JP¥22.88 (vs JP¥16.54 in 3Q 2024) Third quarter 2025 results: EPS: JP¥22.88 (up from JP¥16.54 in 3Q 2024). Revenue: JP¥11.3b (flat on 3Q 2024). Net income: JP¥2.70b (up 38% from 3Q 2024). Profit margin: 24% (up from 17% in 3Q 2024). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥11.90 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 22 December 2025. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.7%). Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: JP¥31.42 (vs JP¥10.53 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥31.42 (up from JP¥10.53 loss in 2Q 2024). Revenue: JP¥13.2b (up 68% from 2Q 2024). Net income: JP¥3.71b (up JP¥4.95b from 2Q 2024). Profit margin: 28% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Capital Markets industry in Japan. 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 7% per year, which means it is significantly lagging earnings growth. Announcement • Aug 02
GMO Financial Holdings, Inc. to Report Q3, 2025 Results on Oct 31, 2025 GMO Financial Holdings, Inc. announced that they will report Q3, 2025 results on Oct 31, 2025 Upcoming Dividend • Jun 21
Upcoming dividend of JP¥15.15 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 22 September 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (4.4%). Announcement • May 29
GMO Financial Holdings, Inc. to Report Q2, 2025 Results on Aug 05, 2025 GMO Financial Holdings, Inc. announced that they will report Q2, 2025 results on Aug 05, 2025 Reported Earnings • May 02
First quarter 2025 earnings released: EPS: JP¥21.22 (vs JP¥23.73 in 1Q 2024) First quarter 2025 results: EPS: JP¥21.22 (down from JP¥23.73 in 1Q 2024). Revenue: JP¥11.9b (down 1.0% from 1Q 2024). Net income: JP¥2.50b (down 11% from 1Q 2024). Profit margin: 21% (down from 23% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 1.8% growth forecast for the Capital Markets industry in Japan. 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 2% per year. Buy Or Sell Opportunity • Apr 08
Now 25% overvalued The stock has been flat over the last 90 days, currently trading at JP¥713. The fair value is estimated to be JP¥569, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 142% in the next 2 years. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: JP¥40.22 (vs JP¥65.41 in FY 2023) Full year 2024 results: EPS: JP¥40.22 (down from JP¥65.41 in FY 2023). Revenue: JP¥40.3b (down 10% from FY 2023). Net income: JP¥4.75b (down 38% from FY 2023). Profit margin: 12% (down from 17% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% 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 15
GMO Financial Holdings, Inc. to Report Q1, 2025 Results on May 01, 2025 GMO Financial Holdings, Inc. announced that they will report Q1, 2025 results on May 01, 2025 Buy Or Sell Opportunity • Feb 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.7% to JP¥712. The fair value is estimated to be JP¥588, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 15%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 142% in the next 2 years. Reported Earnings • Feb 05
Full year 2024 earnings released: EPS: JP¥40.22 (vs JP¥65.41 in FY 2023) Full year 2024 results: EPS: JP¥40.22 (down from JP¥65.41 in FY 2023). Revenue: JP¥40.3b (down 10% from FY 2023). Net income: JP¥4.75b (down 38% from FY 2023). Profit margin: 12% (down from 17% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • Feb 04
GMO Financial Holdings, Inc., Annual General Meeting, Mar 21, 2025 GMO Financial Holdings, Inc., Annual General Meeting, Mar 21, 2025. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥11.52 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 24 March 2025. Payout ratio is a comfortable 75% but the company is paying out more than the cash it is generating. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.1%). Announcement • Dec 03
GMO Financial Holdings, Inc. to Report Fiscal Year 2024 Results on Feb 04, 2025 GMO Financial Holdings, Inc. announced that they will report fiscal year 2024 results on Feb 04, 2025 Reported Earnings • Nov 02
Third quarter 2024 earnings released: EPS: JP¥16.54 (vs JP¥24.99 in 3Q 2023) Third quarter 2024 results: EPS: JP¥16.54 (down from JP¥24.99 in 3Q 2023). Revenue: JP¥11.2b (up 1.7% from 3Q 2023). Net income: JP¥1.95b (down 34% from 3Q 2023). Profit margin: 17% (down from 27% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥11.58 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 20 December 2024. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 5.1%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.2%). Announcement • Aug 28
GMO Financial Holdings, Inc. to Report Q3, 2024 Results on Oct 31, 2024 GMO Financial Holdings, Inc. announced that they will report Q3, 2024 results on Oct 31, 2024 Reported Earnings • Aug 07
Second quarter 2024 earnings released: JP¥10.53 loss per share (vs JP¥11.32 profit in 2Q 2023) Second quarter 2024 results: JP¥10.53 loss per share (down from JP¥11.32 profit in 2Q 2023). Revenue: JP¥7.88b (down 32% from 2Q 2023). Net loss: JP¥1.24b (down 193% from profit in 2Q 2023). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. 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 6.5% 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Buy Or Sell Opportunity • Aug 05
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 33% to JP¥511. The fair value is estimated to be JP¥668, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has declined by 26%. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to grow by 36% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥679, the stock trades at a trailing P/E ratio of 9.8x. Average forward P/E is 15x in the Capital Markets industry in Japan. Total loss to shareholders of 9.2% over the past three years. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥11.65 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 20 September 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.8%). Announcement • May 30
GMO Financial Holdings, Inc. to Report Q2, 2024 Results on Aug 05, 2024 GMO Financial Holdings, Inc. announced that they will report Q2, 2024 results on Aug 05, 2024 Reported Earnings • May 09
First quarter 2024 earnings released: EPS: JP¥23.73 (vs JP¥19.81 in 1Q 2023) First quarter 2024 results: EPS: JP¥23.73 (up from JP¥19.81 in 1Q 2023). Revenue: JP¥12.0b (up 5.4% from 1Q 2023). Net income: JP¥2.80b (up 24% from 1Q 2023). Profit margin: 23% (up from 20% in 1Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has fallen by 26% 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. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: JP¥65.41 (vs JP¥10.66 in FY 2022) Full year 2023 results: EPS: JP¥65.41 (up from JP¥10.66 in FY 2022). Revenue: JP¥45.0b (up 11% from FY 2022). Net income: JP¥7.65b (up JP¥6.44b from FY 2022). Profit margin: 17% (up from 3.0% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Capital Markets 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. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥11.65 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 20 June 2024. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: JP¥65.41 (vs JP¥10.66 in FY 2022) Full year 2023 results: EPS: JP¥65.41 (up from JP¥10.66 in FY 2022). Revenue: JP¥45.0b (up 11% from FY 2022). Net income: JP¥7.65b (up JP¥6.44b from FY 2022). Profit margin: 17% (up from 3.0% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Capital Markets 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. Announcement • Feb 07
GMO Financial Holdings, Inc., Annual General Meeting, Mar 21, 2024 GMO Financial Holdings, Inc., Annual General Meeting, Mar 21, 2024. Buy Or Sell Opportunity • Feb 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.7% to JP¥671. The fair value is estimated to be JP¥848, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 113% in the next 2 years. Announcement • Dec 05
GMO Financial Holdings, Inc. to Report Fiscal Year 2023 Results on Feb 05, 2024 GMO Financial Holdings, Inc. announced that they will report fiscal year 2023 results on Feb 05, 2024 Buying Opportunity • Nov 07
Now 21% undervalued Over the last 90 days, the stock is up 2.9%. The fair value is estimated to be JP¥892, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has declined by 40%. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 146% in the next 2 years. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: JP¥19.57 (vs JP¥14.67 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥19.57 (up from JP¥14.67 loss in 3Q 2022). Revenue: JP¥10.4b (up 4.6% from 3Q 2022). Net income: JP¥2.31b (up JP¥3.98b from 3Q 2022). Profit margin: 22% (up from net loss in 3Q 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Buying Opportunity • Oct 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 1.7%. The fair value is estimated to be JP¥901, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 1,745% in the next 2 years. Announcement • Sep 27
Max Bullions Limited completed the acquisition of GMO-Z.com Bullion HK Limited from GMO Financial Holdings, Inc. (TSE:7177). Max Bullions Limited agreed to acquire GMO-Z.com Bullion HK Limited from GMO Financial Holdings, Inc. (TSE:7177) for HKD 1.7 million on September 20, 2023. Total consideration (subject to Adjustment) of HKD 1,696,000. Upon Completion, the GMO-Z.com Bullion will be wholly owned by Bullions. Completion of the transaction is expected to take place on September 25, 2023.Max Bullions Limited completed the acquisition of GMO-Z.com Bullion HK Limited from GMO Financial Holdings, Inc. (TSE:7177) on September 25, 2023. Announcement • Sep 22
Max Bullions Limited agreed to acquire GMO-Z.com Bullion HK Limited from GMO Financial Holdings, Inc. (TSE:7177) for HKD 1.69 million Max Bullions Limited agreed to acquire GMO-Z.com Bullion HK Limited from GMO Financial Holdings, Inc. (TSE:7177) for HKD 1.7 million on September 20, 2023. Total consideration (subject to Adjustment) of HKD 1,696,000. Upon Completion, the GMO-Z.com Bullion will be wholly owned by Bullions. Completion of the transaction is expected to take place on September 25, 2023. Announcement • Sep 08
GMO Financial Holdings, Inc. to Report Q3, 2023 Results on Oct 31, 2023 GMO Financial Holdings, Inc. announced that they will report Q3, 2023 results on Oct 31, 2023 Buying Opportunity • Aug 24
Now 21% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be JP¥906, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has declined by 39%. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 1,745% in the next 2 years. Reported Earnings • Aug 02
Second quarter 2023 earnings released: EPS: JP¥11.32 (vs JP¥15.62 in 2Q 2022) Second quarter 2023 results: EPS: JP¥11.32 (down from JP¥15.62 in 2Q 2022). Revenue: JP¥11.6b (up 6.9% from 2Q 2022). Net income: JP¥1.34b (down 25% from 2Q 2022). Profit margin: 12% (down from 16% in 2Q 2022). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥8.75 per share at 5.8% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 20 September 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 5.8%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (3.4%). Announcement • Jun 07
GMO Financial Holdings, Inc. to Report Q2, 2023 Results on Aug 01, 2023 GMO Financial Holdings, Inc. announced that they will report Q2, 2023 results on Aug 01, 2023 Buying Opportunity • May 31
Now 20% undervalued Over the last 90 days, the stock is up 10%. The fair value is estimated to be JP¥798, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has declined by 25%. Revenue is forecast to grow by 22% in 2 years. Earnings is forecast to grow by 1,033% in the next 2 years. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: JP¥10.66 (vs JP¥86.90 in FY 2021) Full year 2022 results: EPS: JP¥10.66 (down from JP¥86.90 in FY 2021). Revenue: JP¥40.5b (down 8.4% from FY 2021). Net income: JP¥1.21b (down 88% from FY 2021). Profit margin: 3.0% (down from 22% in FY 2021). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Feb 05
GMO Financial Holdings, Inc., Annual General Meeting, Mar 24, 2023 GMO Financial Holdings, Inc., Annual General Meeting, Mar 24, 2023. Reported Earnings • Feb 04
Full year 2022 earnings released: EPS: JP¥10.66 (vs JP¥86.90 in FY 2021) Full year 2022 results: EPS: JP¥10.66 (down from JP¥86.90 in FY 2021). Revenue: JP¥40.5b (down 8.4% from FY 2021). Net income: JP¥1.21b (down 88% from FY 2021). Profit margin: 3.0% (down from 22% in FY 2021). Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% 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 • Dec 28
GMO Financial Holdings, Inc. to Report Fiscal Year 2022 Results on Feb 03, 2023 GMO Financial Holdings, Inc. announced that they will report fiscal year 2022 results on Feb 03, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Kayo Todo was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Third quarter 2022 earnings released: JP¥14.67 loss per share (vs JP¥16.82 profit in 3Q 2021) Third quarter 2022 results: JP¥14.67 loss per share (down from JP¥16.82 profit in 3Q 2021). Revenue: JP¥9.93b (up 14% from 3Q 2021). Net loss: JP¥1.67b (down 187% from profit in 3Q 2021). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Oct 26
Invast Financial Services Pty Ltd agreed to acquire GMO-Z.com Trade UK Limited from GMO Financial Holdings, Inc. (TSE:7177). Invast Financial Services Pty Ltd agreed to acquire GMO-Z.com Trade UK Limited from GMO Financial Holdings, Inc. (TSE:7177) on October 25, 2022. GMO-Z.com Trade had net asset of ¥168 million, total assets of ¥564 million, revenue of ¥62 million, operating loss of ¥164 million and net loss of ¥172 million, for fiscal year ended December 2021. The transaction is subject to approval from the UK Financial Conduct Authority (FCA). The transaction is planned to be completed in late April 2023. The impact of this transaction on consolidated business performance of GMO Financial will be minor. Valuation Update With 7 Day Price Move • Oct 26
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥609, the stock trades at a trailing P/E ratio of 8.5x. Average forward P/E is 13x in the Capital Markets industry in Japan. Total returns to shareholders of 21% over the past three years. Announcement • Sep 24
GMO Financial Holdings, Inc. to Report Q3, 2022 Results on Nov 01, 2022 GMO Financial Holdings, Inc. announced that they will report Q3, 2022 results on Nov 01, 2022 Reported Earnings • Aug 02
Second quarter 2022 earnings released: EPS: JP¥15.62 (vs JP¥19.15 in 2Q 2021) Second quarter 2022 results: EPS: JP¥15.62 (down from JP¥19.15 in 2Q 2021). Revenue: JP¥10.8b (up 5.3% from 2Q 2021). Net income: JP¥1.78b (down 18% from 2Q 2021). Profit margin: 16% (down from 21% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 18%, compared to a 7.1% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 10% per year. Announcement • Jul 15
GMO Financial Holdings, Inc. to Report Q2, 2022 Results on Aug 01, 2022 GMO Financial Holdings, Inc. announced that they will report Q2, 2022 results on Aug 01, 2022 Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: JP¥21.37 (vs JP¥32.81 in 1Q 2021) First quarter 2022 results: EPS: JP¥21.37 (down from JP¥32.81 in 1Q 2021). Revenue: JP¥11.3b (down 12% from 1Q 2021). Net income: JP¥2.43b (down 35% from 1Q 2021). Profit margin: 22% (down from 29% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 18%, compared to a 1.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Kayo Todo was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
GMO Financial Holdings, Inc. to Report Q1, 2022 Results on Apr 28, 2022 GMO Financial Holdings, Inc. announced that they will report Q1, 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.96 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 6.4%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (3.9%). Announcement • Feb 05
GMO Financial Holdings, Inc., Annual General Meeting, Mar 20, 2022 GMO Financial Holdings, Inc., Annual General Meeting, Mar 20, 2022. Agenda: General meeting of shareholders. Reported Earnings • Feb 04
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: JP¥86.90 (up from JP¥62.33 in FY 2020). Revenue: JP¥44.2b (up 29% from FY 2020). Net income: JP¥9.86b (up 35% from FY 2020). Profit margin: 22% (up from 21% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.4%. Over the next year, revenue is forecast to grow 1.8%, compared to a 7.0% growth forecast for the industry in Japan. 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. Buying Opportunity • Jan 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.0%. The fair value is estimated to be JP¥1,103, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% per annum over the last 3 years. Earnings per share has grown by 12% per annum over the last 3 years. Reported Earnings • Nov 02
Third quarter 2021 earnings released: EPS JP¥16.82 (vs JP¥12.07 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥8.74b (up 17% from 3Q 2020). Net income: JP¥1.91b (up 34% from 3Q 2020). Profit margin: 22% (up from 19% 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 12% per year whereas the company’s share price has increased by 7% per year. Reported Earnings • Aug 03
Second quarter 2021 earnings released: EPS JP¥19.15 (vs JP¥20.74 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: JP¥10.3b (up 11% from 2Q 2020). Net income: JP¥2.17b (down 11% from 2Q 2020). Profit margin: 21% (down from 27% in 2Q 2020). The decrease in margin was driven by higher expenses. Upcoming Dividend • Jun 23
Upcoming dividend of JP¥10.59 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 23 September 2021. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (4.3%). Reported Earnings • May 02
First quarter 2021 earnings released: EPS JP¥32.81 (vs JP¥19.81 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥12.8b (up 30% from 1Q 2020). Net income: JP¥3.72b (up 59% from 1Q 2020). Profit margin: 29% (up from 24% in 1Q 2020). The increase in margin was driven by higher revenue. Upcoming Dividend • Mar 24
Upcoming dividend of JP¥11.27 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 22 June 2021. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,021, the stock trades at a trailing P/E ratio of 16.4x, up from the previous P/E ratio of 13.7x. Average P/E is 22x in the Capital Markets industry in Japan. Total returns to shareholders over the past three years are 66%. Is New 90 Day High Low • Feb 17
New 90-day high: JP¥940 The company is up 51% from its price of JP¥622 on 19 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 19% over the same period. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 22% share price gain to JP¥940, the stock is trading at a trailing P/E ratio of 15.1x, up from the previous P/E ratio of 12.4x. This compares to an average P/E of 20x in the Capital Markets industry in Japan. Total returns to shareholders over the past three years are 65%. Announcement • Feb 04
GMO Financial Holdings, Inc., Annual General Meeting, Mar 20, 2021 GMO Financial Holdings, Inc., Annual General Meeting, Mar 20, 2021. Reported Earnings • Feb 03
Full year 2020 earnings released: EPS JP¥62.33 (vs JP¥51.42 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥34.3b (up 12% from FY 2019). Net income: JP¥7.30b (up 20% from FY 2019). Profit margin: 21% (up from 20% in FY 2019). 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 whereas the company’s share price has increased by 3% per year. Analyst Estimate Surprise Post Earnings • Feb 03
Revenue beats expectations Revenue exceeded analyst estimates by 2.8%. Over the next year, revenue is forecast to grow 2.1%, compared to a 3.1% growth forecast for the Capital Markets industry in Japan. Is New 90 Day High Low • Jan 04
New 90-day high: JP¥733 The company is up 17% from its price of JP¥628 on 06 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 1.0% over the same period. Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥12.01 Per Share Will be paid on the 13th of March to those who are registered shareholders by the 29th of December. The trailing yield of 3.7% is in the top quartile of Japanese dividend payers (3.0%), and it is in line with industry peers (3.4%). Is New 90 Day High Low • Dec 16
New 90-day high: JP¥701 The company is up 11% from its price of JP¥633 on 17 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 Capital Markets industry, which is down 1.0% over the same period. Announcement • Dec 13
GMO Financial Holdings, Inc. to Report Fiscal Year 2020 Results on Feb 02, 2021 GMO Financial Holdings, Inc. announced that they will report fiscal year 2020 results on Feb 02, 2021 Is New 90 Day High Low • Nov 30
New 90-day high: JP¥675 The company is up 1.0% from its price of JP¥669 on 01 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 29
New 90-day low: JP¥604 The company is down 8.0% from its price of JP¥654 on 31 July 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 6.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of JP¥7.65b, up 25% from the prior year. Total revenue was JP¥33.7b over the last 12 months, up 6.2% from the prior year. Upcoming Dividend • Sep 22
Upcoming Dividend of JP¥7.11 Per Share Will be paid on the 20th of December to those who are registered shareholders by the 29th of September. The trailing yield of 4.0% is in the top quartile of Japanese dividend payers (3.1%), and it is higher than industry peers (3.0%). Announcement • Aug 30
GMO Financial Holdings, Inc. to Report Q3, 2020 Results on Oct 27, 2020 GMO Financial Holdings, Inc. announced that they will report Q3, 2020 results on Oct 27, 2020