Reported Earnings • May 13
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥210 (up from JP¥179 in FY 2025). Revenue: JP¥174.1b (up 24% from FY 2025). Net income: JP¥13.1b (up 17% from FY 2025). Profit margin: 7.5% (down from 7.9% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 4.8%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • May 12
Tsuburaya Fields Holdings Inc., Annual General Meeting, Jun 17, 2026 Tsuburaya Fields Holdings Inc., Annual General Meeting, Jun 17, 2026. Announcement • Apr 08
Tsuburaya Fields Holdings Inc. to Report Fiscal Year 2026 Results on May 12, 2026 Tsuburaya Fields Holdings Inc. announced that they will report fiscal year 2026 results on May 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: 19 June 2026. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Price Target Changed • Mar 08
Price target decreased by 18% to JP¥2,070 Down from JP¥2,520, the current price target is an average from 2 analysts. New target price is 37% above last closing price of JP¥1,507. Stock is down 6.8% over the past year. The company is forecast to post earnings per share of JP¥200 for next year compared to JP¥179 last year. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥62.45 (vs JP¥57.91 in 3Q 2025) Third quarter 2026 results: EPS: JP¥62.45 (up from JP¥57.91 in 3Q 2025). Revenue: JP¥58.7b (up 13% from 3Q 2025). Net income: JP¥3.89b (up 7.9% from 3Q 2025). Profit margin: 6.6% (down from 6.9% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 3.4% p.a. on average during the next 3 years, while revenues in the Leisure industry in Japan are expected to grow by 4.3%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jan 06
Tsuburaya Fields Holdings Inc. to Report Q3, 2026 Results on Jan 30, 2026 Tsuburaya Fields Holdings Inc. announced that they will report Q3, 2026 results on Jan 30, 2026 Declared Dividend • Nov 02
Dividend of JP¥50.00 announced Dividend of JP¥50.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 19th June 2026 Dividend yield will be 2.3%, which is higher than the industry average of 1.6%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 7.2% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 7.4% over the next 3 years. However, it would need to fall by 81% to increase the payout ratio to a potentially unsustainable range. New Risk • Nov 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.5% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Oct 03
Tsuburaya Fields Holdings Inc. to Report Q2, 2026 Results on Oct 31, 2025 Tsuburaya Fields Holdings Inc. announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥89.60 (vs JP¥26.89 in 1Q 2025) First quarter 2026 results: EPS: JP¥89.60 (up from JP¥26.89 in 1Q 2025). Revenue: JP¥55.6b (up 112% from 1Q 2025). Net income: JP¥5.58b (up 229% from 1Q 2025). Profit margin: 10.0% (up from 6.5% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 4.4% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 07
Tsuburaya Fields Holdings Inc. to Report Q1, 2026 Results on Jul 30, 2025 Tsuburaya Fields Holdings Inc. announced that they will report Q1, 2026 results on Jul 30, 2025 Reported Earnings • Jun 20
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥179. Revenue: JP¥140.6b (flat on FY 2024). Net income: JP¥11.2b (down 3.4% from FY 2024). Profit margin: 7.9% (down from 8.1% in FY 2024). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Leisure industry in Japan. Reported Earnings • May 15
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥179. Revenue: JP¥140.6b (flat on FY 2024). Net income: JP¥11.2b (down 3.4% from FY 2024). Profit margin: 7.9% (down from 8.1% in FY 2024). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Leisure industry in Japan. Announcement • May 13
Tsuburaya Fields Holdings Inc., Annual General Meeting, Jun 18, 2025 Tsuburaya Fields Holdings Inc., Annual General Meeting, Jun 18, 2025. Announcement • Apr 18
Tsuburaya Fields Holdings Inc. to Report Fiscal Year 2025 Results on May 13, 2025 Tsuburaya Fields Holdings Inc. announced that they will report fiscal year 2025 results on May 13, 2025 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,467, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Leisure industry in Japan. Total returns to shareholders of 266% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 20 June 2025. Payout ratio is a comfortable 30% and the cash payout ratio is 77%. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.8%). New Risk • Feb 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥57.91 (vs JP¥82.67 in 3Q 2024) Third quarter 2025 results: EPS: JP¥57.91 (down from JP¥82.67 in 3Q 2024). Revenue: JP¥52.0b (down 7.5% from 3Q 2024). Net income: JP¥3.60b (down 33% from 3Q 2024). Profit margin: 6.9% (down from 9.6% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 16
Tsuburaya Fields Holdings Inc. to Report Q3, 2025 Results on Feb 07, 2025 Tsuburaya Fields Holdings Inc. announced that they will report Q3, 2025 results on Feb 07, 2025 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,181, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Leisure industry in Japan. Total returns to shareholders of 793% over the past three years. Announcement • Oct 08
Tsuburaya Fields Holdings Inc. to Report Q2, 2025 Results on Nov 14, 2024 Tsuburaya Fields Holdings Inc. announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Sep 19
Tsuburaya Fields Holdings Inc. (TSE:2767) acquired remaining 49% stake in Sophia Co., Ltd. for ¥3 billion. Tsuburaya Fields Holdings Inc. (TSE:2767) acquired remaining 49% stake in Sophia Co., Ltd. for ¥3 billion on September 18, 2024. A cash consideration of ¥3.037 billion will be paid by Tsuburaya Fields Holdings Inc.
Tsuburaya Fields Holdings Inc. (TSE:2767) completed the acquisition of remaining 49% stake in Sophia Co., Ltd. on September 18, 2024. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥2,374, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Leisure industry in Japan. Total returns to shareholders of 893% over the past three years. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,167, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Leisure industry in Japan. Total returns to shareholders of 843% over the past three years. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥26.89 (vs JP¥21.16 in 1Q 2024) First quarter 2025 results: EPS: JP¥26.89 (up from JP¥21.16 in 1Q 2024). Revenue: JP¥26.2b (down 14% from 1Q 2024). Net income: JP¥1.70b (up 23% from 1Q 2024). Profit margin: 6.5% (up from 4.6% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to JP¥1,120, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Leisure industry in Japan. Total returns to shareholders of 394% over the past three years. Announcement • Jul 13
Tsuburaya Fields Holdings Inc. to Report Q1, 2025 Results on Aug 09, 2024 Tsuburaya Fields Holdings Inc. announced that they will report Q1, 2025 results on Aug 09, 2024 Major Estimate Revision • Jul 06
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥151.1b to JP¥157.3b. EPS estimate increased from JP¥165 to JP¥185 per share. Net income forecast to grow 4.8% next year vs 6.3% growth forecast for Leisure industry in Japan. Consensus price target up from JP¥1,950 to JP¥2,170. Share price fell 2.8% to JP¥1,666 over the past week. Reported Earnings • Jun 25
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥177 (up from JP¥127 in FY 2023). Revenue: JP¥141.9b (up 21% from FY 2023). Net income: JP¥11.6b (up 41% from FY 2023). Profit margin: 8.1% (up from 7.0% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 91% per year whereas the company’s share price has increased by 90% per year. New Risk • May 18
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). 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 (6.3% average weekly change). Announcement • May 16
Tsuburaya Fields Holdings Inc., Annual General Meeting, Jun 19, 2024 Tsuburaya Fields Holdings Inc., Annual General Meeting, Jun 19, 2024. Announcement • May 15
Tsuburaya Fields Holdings Inc. (TSE:2767) announces an Equity Buyback for 3,500,000 shares, representing 5.35% for ¥6,500 million. Tsuburaya Fields Holdings Inc. (TSE:2767) announces an share repurchase program. Under the program the company will repurchase 3,500,000 shares, representing 5.35% of the outstanding shares, for ¥6,500 million. The purpose of the program is to to implement a share repurchase with the aim of improving capital efficiency and enhancing shareholder returns. As of March 31, 2024, the company had 65,429,150 shares outstanding (excluding treasury stock) and 3,970,850 shares in treasury. Announcement • Apr 14
Tsuburaya Fields Holdings Inc. to Report Fiscal Year 2024 Results on May 14, 2024 Tsuburaya Fields Holdings Inc. announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.8%). Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥82.67 (vs JP¥47.88 in 3Q 2023) Third quarter 2024 results: EPS: JP¥82.67 (up from JP¥47.88 in 3Q 2023). Revenue: JP¥56.2b (up 19% from 3Q 2023). Net income: JP¥5.41b (up 74% from 3Q 2023). Profit margin: 9.6% (up from 6.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 91% per year and the company’s share price has also increased by 91% per year. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,720, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Leisure industry in Japan. Total returns to shareholders of 587% over the past three years. Announcement • Jan 14
Tsuburaya Fields Holdings Inc. to Report Q3, 2024 Results on Feb 09, 2024 Tsuburaya Fields Holdings Inc. announced that they will report Q3, 2024 results on Feb 09, 2024 Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,488, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Leisure industry in Japan. Total returns to shareholders of 560% over the past three years. Reported Earnings • Nov 15
Second quarter 2024 earnings released: EPS: JP¥41.86 (vs JP¥42.45 in 2Q 2023) Second quarter 2024 results: EPS: JP¥41.86 (down from JP¥42.45 in 2Q 2023). Revenue: JP¥36.7b (up 7.9% from 2Q 2023). Net income: JP¥2.74b (flat on 2Q 2023). Profit margin: 7.5% (down from 8.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 89% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,327, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 13x in the Leisure industry in Japan. Total returns to shareholders of 715% over the past three years. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,525, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Leisure industry in Japan. Total returns to shareholders of 891% over the past three years. Announcement • Oct 12
Tsuburaya Fields Holdings Inc. to Report Q2, 2024 Results on Nov 13, 2023 Tsuburaya Fields Holdings Inc. announced that they will report Q2, 2024 results on Nov 13, 2023 Buying Opportunity • Sep 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be JP¥2,620, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to decline by 7.0% in the next 2 years. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,141, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the Leisure industry in Japan. Total returns to shareholders of 1,203% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,639 per share. New Risk • Aug 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥21.16 (vs JP¥3.23 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥21.16 (up from JP¥3.23 loss in 1Q 2023). Revenue: JP¥30.3b (up 268% from 1Q 2023). Net income: JP¥1.38b (up JP¥1.59b from 1Q 2023). Profit margin: 4.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has increased by 149% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥2,600, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Leisure industry in Japan. Total returns to shareholders of 1,525% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,076 per share. Announcement • Jul 15
Tsuburaya Fields Holdings Inc. to Report Q1, 2024 Results on Aug 09, 2023 Tsuburaya Fields Holdings Inc. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • Jun 25
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: JP¥127 (up from JP¥38.21 in FY 2022). Revenue: JP¥117.1b (up 23% from FY 2022). Net income: JP¥8.22b (up 233% from FY 2022). Profit margin: 7.0% (up from 2.6% 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 11% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has increased by 153% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥2,591, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Leisure industry in Japan. Total returns to shareholders of 1,379% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,299 per share. Reported Earnings • May 17
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: JP¥127 (up from JP¥38.21 in FY 2022). Revenue: JP¥117.1b (up 23% from FY 2022). Net income: JP¥8.22b (up 233% from FY 2022). Profit margin: 7.0% (up from 2.6% 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 9.5% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Leisure industry in Japan. Over the last 3 years on average, earnings per share has increased by 102% per year but the company’s share price has increased by 124% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥2,124, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Leisure industry in Japan. Total returns to shareholders of 1,096% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,552 per share. Buying Opportunity • Apr 04
Now 21% undervalued Over the last 90 days, the stock is up 54%. The fair value is estimated to be JP¥2,535, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 25% in 2 years. Earnings is forecast to grow by 53% in the next 2 years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share at 0.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 23 June 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.4%). Reported Earnings • Feb 14
Third quarter 2023 earnings released: EPS: JP¥95.75 (vs JP¥45.53 in 3Q 2022) Third quarter 2023 results: EPS: JP¥95.75 (up from JP¥45.53 in 3Q 2022). Revenue: JP¥47.4b (up 35% from 3Q 2022). Net income: JP¥3.11b (up 111% from 3Q 2022). Profit margin: 6.6% (up from 4.2% 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 106% per year but the company’s share price has only increased by 85% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥3,110, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 14x in the Leisure industry in Japan. Total returns to shareholders of 581% over the past three years. Announcement • Jan 18
Tsuburaya Fields Holdings Inc. to Report Q3, 2023 Results on Feb 13, 2023 Tsuburaya Fields Holdings Inc. announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: JP¥84.90 (vs JP¥0.71 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥84.90 (up from JP¥0.71 loss in 2Q 2022). Revenue: JP¥34.0b (up 136% from 2Q 2022). Net income: JP¥2.75b (up JP¥2.77b from 2Q 2022). Profit margin: 8.1% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. 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 63% per year, which means it is significantly lagging earnings growth. Announcement • Oct 25
Tsuburaya Fields Holdings Inc. to Report Q2, 2023 Results on Nov 08, 2022 Tsuburaya Fields Holdings Inc. announced that they will report Q2, 2023 results on Nov 08, 2022 Valuation Update With 7 Day Price Move • Oct 25
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥2,176, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 15x in the Leisure industry in Japan. Total returns to shareholders of 348% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥1,828, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Leisure industry in Japan. Total returns to shareholders of 286% over the past three years. Reported Earnings • Aug 08
First quarter 2023 earnings released: JP¥6.46 loss per share (vs JP¥10.45 profit in 1Q 2022) First quarter 2023 results: JP¥6.46 loss per share (down from JP¥10.45 profit in 1Q 2022). Revenue: JP¥8.24b (down 64% from 1Q 2022). Net loss: JP¥209.0m (down 162% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 35%, compared to a 4.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥970, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Leisure industry in Japan. Total returns to shareholders of 123% over the past three years. Announcement • Jul 09
Fields Corporation to Report Q1, 2023 Results on Aug 05, 2022 Fields Corporation announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • Jun 26
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥76.43 (up from JP¥106 loss in FY 2021). Revenue: JP¥94.9b (up 145% from FY 2021). Net income: JP¥2.47b (up JP¥5.92b from FY 2021). Profit margin: 2.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) missed analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 6.4%, compared to a 5.4% growth forecast for the 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 21% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Jun 08
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast fell from JP¥103.4b to JP¥101.0b. EPS estimate rose from JP¥94.40 to JP¥110. Net income forecast to grow 44% next year vs 1.1% growth forecast for Leisure industry in Japan. Consensus price target up from JP¥1,400 to JP¥1,570. Share price was steady at JP¥1,085 over the past week. Announcement • May 12
Fields Corporation, Annual General Meeting, Jun 22, 2022 Fields Corporation, Annual General Meeting, Jun 22, 2022. Reported Earnings • May 11
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥76.43 (up from JP¥106 loss in FY 2021). Revenue: JP¥94.9b (up 145% from FY 2021). Net income: JP¥2.47b (up JP¥5.92b from FY 2021). Profit margin: 2.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) missed analyst estimates by 5.5%. Over the next year, revenue is forecast to grow 9.0%, compared to a 6.4% growth forecast for the 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 16% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to JP¥1,400 Up from JP¥1,220, the current price target is provided by 1 analyst. New target price is 60% above last closing price of JP¥873. Stock is up 74% over the past year. The company is forecast to post earnings per share of JP¥80.90 next year compared to a net loss per share of JP¥106 last year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Independent Outside Director Yoriko Aelvoet was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 11
Fields Corporation to Report Fiscal Year 2022 Results on May 10, 2022 Fields Corporation announced that they will report fiscal year 2022 results on May 10, 2022 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improved over the past week After last week's 23% share price gain to JP¥929, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Leisure industry in Japan. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥657, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 18x in the Leisure industry in Japan. Total loss to shareholders of 2.8% over the past three years. Reported Earnings • Feb 10
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥45.53 (up from JP¥38.54 in 3Q 2021). Revenue: JP¥35.2b (up 89% from 3Q 2021). Net income: JP¥1.47b (up 18% from 3Q 2021). Profit margin: 4.2% (down from 6.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is forecast to grow 17%, compared to a 3.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.