Financials Tanabe Consulting Group Co.,Ltd.

Equities

9644

JP3468850007

Business Support Services

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-05-02 am EDT			5-day change	1st Jan Change
998 ^JPY	-0.50%		-0.70%	+0.71%

2023	Tranche Update on Tanabe Consulting Group Co.,Ltd.'s Equity Buyback Plan announced on May 11, 2023.	CI
2023	Tanabe Consulting Group Co.,Ltd.'s Equity Buyback announced on May 11, 2023, has closed with 395,100 shares, representing 2.33% for ¥399.95 million.	CI

Valuation

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	10,680	12,360	11,888	15,383	16,655	-	-
Enterprise Value (EV) ¹	3,745	4,283	3,838	7,201	16,655	16,655	16,655
P/E ratio	15.3 x	24.8 x	19.8 x	21.3 x	20.1 x	16.2 x	13.9 x
Yield	3.47%	3%	3.32%	4.66%	4.91%	6.11%	7.11%
Capitalization / Revenue	1.14 x	1.34 x	1.12 x	1.31 x	1.3 x	1.2 x	1.11 x
EV / Revenue	1.14 x	1.34 x	1.12 x	1.31 x	1.3 x	1.2 x	1.11 x
EV / EBITDA	-	-	-	-	-	-	-
EV / FCF	15,869,606 x	61,490,467 x	20,747,138 x	21,545,145 x	-	-	-
FCF Yield	0%	0%	0%	0%	-	-	-
Price to Book	0.98 x	1.11 x	1.06 x	1.36 x	-	-	-
Nbr of stocks (in thousands)	17,226	17,226	17,155	17,055	16,689	-	-
Reference price ²	620.0	717.5	693.0	902.0	998.0	998.0	998.0
Announcement Date	5/15/20	5/14/21	5/13/22	5/11/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	9,394	9,213	10,572	11,759	12,780	13,870	15,060
EBITDA	-	-	-	-	-	-	-
EBIT ¹	987	751	926	1,152	1,360	1,620	1,880
Operating Margin	10.51%	8.15%	8.76%	9.8%	10.64%	11.68%	12.48%
Earnings before Tax (EBT)	1,051	828	935	1,170	-	-	-
Net income ¹	696	498	604	724	840	1,040	1,210
Net margin	7.41%	5.41%	5.71%	6.16%	6.57%	7.5%	8.03%
EPS ²	40.43	28.94	35.06	42.25	49.70	61.60	71.60
Free Cash Flow	673	201	573	714	-	-	-
FCF margin	7.16%	2.18%	5.42%	6.07%	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	96.7%	40.36%	94.87%	98.62%	-	-	-
Dividend per Share ²	21.50	21.50	23.00	42.00	49.00	61.00	71.00
Announcement Date	5/15/20	5/14/21	5/13/22	5/11/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2020 S1	2021 S1	2022 S1	2022 Q3	2023 Q1	2023 S1	2023 Q3	2024 Q1	2024 S1	2024 Q3
Net sales ¹	-	3,993	4,536	3,394	2,565	5,386	3,754	2,919	6,000	3,812
EBITDA	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-	156	296	467	204	601	445	274	583	373
Operating Margin	-	3.91%	6.53%	13.76%	7.95%	11.16%	11.85%	9.39%	9.72%	9.78%
Earnings before Tax (EBT) ¹	-	224	300	469	209	608	452	305	612	374
Net income ¹	-	146	216	318	137	386	302	154	349	262
Net margin	-	3.66%	4.76%	9.37%	5.34%	7.17%	8.04%	5.28%	5.82%	6.87%
EPS ²	-	8.510	12.57	18.42	8.010	22.54	17.60	9.090	20.70	15.57
Dividend per Share	-	-	7.000	-	-	9.000	-	-	18.00	-
Announcement Date	11/6/19	11/9/20	11/12/21	2/10/22	8/10/22	11/10/22	2/13/23	8/9/23	11/9/23	2/8/24

¹JPY in Million²JPY

Estimates

Balance Sheet Analysis

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-	-
Net Cash position	6,935	8,077	8,050	8,182	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	673	201	573	714	-	-	-
ROE (net income / shareholders' equity)	6.4%	4.5%	5.4%	6.4%	-	-	-
ROA (Net income/ Total Assets)	-	5.85%	6.84%	8.24%	-	-	-
Assets ¹	-	8,518	8,833	8,788	-	-	-
Book Value Per Share	632.0	647.0	653.0	666.0	-	-	-
Cash Flow per Share	45.30	34.10	39.80	47.50	-	-	-
Capex	42	22	46	240	-	-	-
Capex / Sales	0.45%	0.24%	0.44%	2.04%	-	-	-
Announcement Date	5/15/20	5/14/21	5/13/22	5/11/23	-	-	-

¹JPY in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Tanabe Consulting Group Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

998 JPY

Average target price

1,300 JPY

Spread / Average Target

+30.26%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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