Financials ZENKOKU HOSHO Co.,Ltd.

Equities

7164

JP3429250008

Consumer Lending

Delayed Japan Exchange Other stock markets 02:00:00 2024-05-02 am EDT			5-day change	1st Jan Change
5,617 ^JPY	+0.75%		+1.39%	+5.68%

Feb. 28	ZENKOKU HOSHO Co.,Ltd. agreed to acquire Chiba Kogin Card Service Co., Ltd. from The Chiba Kogyo Bank, Ltd..	CI
2023	IYell Inc. announced that it has received ¥450 million in funding from ZENKOKU HOSHO Co.,Ltd., Spiral Innovation Partners LLP	CI

Valuation

Fiscal Period: March	2023	2024	2025	2026
Capitalization ¹	343,271	385,919	-	-
Enterprise Value (EV) ¹	199,085	287,819	291,119	294,119
P/E ratio	12 x	12.9 x	12.3 x	11.6 x
Yield	2.96%	3.06%	3.53%	4.05%
Capitalization / Revenue	6.83 x	7.34 x	6.99 x	6.64 x
EV / Revenue	3.96 x	5.47 x	5.27 x	5.06 x
EV / EBITDA	-	7.06 x	6.83 x	6.67 x
EV / FCF	-	-9.71 x	-86.5 x	84.8 x
FCF Yield	-	-10.3%	-1.16%	1.18%
Price to Book	1.67 x	1.71 x	1.59 x	1.47 x
Nbr of stocks (in thousands)	68,723	68,706	-	-
Reference price ²	4,995	5,617	5,617	5,617
Announcement Date	5/9/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2023	2024	2025	2026
Net sales ¹	50,272	52,609	55,220	58,090
EBITDA ¹	-	40,790	42,630	44,109
EBIT ¹	39,884	40,538	42,386	44,527
Operating Margin	79.34%	77.06%	76.76%	76.65%
Earnings before Tax (EBT) ¹	41,282	43,058	45,126	47,670
Net income ¹	28,584	29,919	31,267	33,060
Net margin	56.86%	56.87%	56.62%	56.91%
EPS ²	416.0	435.4	455.7	482.8
Free Cash Flow ¹	-	-29,651	-3,364	3,469
FCF margin	-	-56.36%	-6.09%	5.97%
FCF Conversion (EBITDA)	-	-	-	7.86%
FCF Conversion (Net income)	-	-	-	10.49%
Dividend per Share ²	148.0	171.8	198.0	227.5
Announcement Date	5/9/23	-	-	-

¹JPY in Million²JPY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2023 Q1	2023 Q2	2023 S1	2023 Q3	2024 Q1	2024 Q2	2024 S1	2024 Q3	2024 Q4	2024 S2
Net sales ¹	10,276	10,374	20,650	10,410	10,536	10,643	21,179	10,725	20,096	30,821
EBITDA	-	-	-	-	-	-	-	-	-	-
EBIT ¹	7,604	8,263	15,867	8,035	7,812	7,628	15,440	7,784	17,276	25,060
Operating Margin	74%	79.65%	76.84%	77.19%	74.15%	71.67%	72.9%	72.58%	85.97%	81.31%
Earnings before Tax (EBT) ¹	7,927	8,566	16,493	8,517	9,022	8,268	17,290	8,477	17,387	25,864
Net income ¹	5,483	5,918	11,401	5,929	6,449	5,738	12,187	5,871	11,042	16,913
Net margin	53.36%	57.05%	55.21%	56.95%	61.21%	53.91%	57.54%	54.74%	54.95%	54.87%
EPS	79.80	-	165.9	86.28	93.84	-	177.4	85.46	-	-
Dividend per Share	-	-	-	-	-	-	-	-	-	-
Announcement Date	8/5/22	11/4/22	11/4/22	2/3/23	8/7/23	11/6/23	11/6/23	2/5/24	-	-

¹JPY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2023	2024	2025	2026
Net Debt ¹	-	-	-	-
Net Cash position ¹	144,186	98,100	94,800	91,800
Leverage (Debt/EBITDA)	-	-	-	-
Free Cash Flow ¹	-	-29,651	-3,364	3,469
ROE (net income / shareholders' equity)	14.6%	13.8%	13.5%	13.3%
ROA (Net income/ Total Assets)	-	6.6%	6.52%	6.74%
Assets ¹	-	453,153	479,479	490,439
Book Value Per Share ²	2,992	3,280	3,540	3,818
Cash Flow per Share	421.0	-	-	-
Capex ¹	1,206	1,206	1,206	1,206
Capex / Sales	2.4%	2.29%	2.18%	2.08%
Announcement Date	5/9/23	-	-	-

¹JPY in Million²JPY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for ZENKOKU HOSHO Co.,Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

5,617 JPY

Average target price

5,910 JPY

Spread / Average Target

+5.22%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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SOFI TECHNOLOGIES, INC.	-29.90%	7.31B

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