Today I will talk about ICHIKURA which sells and rents kimonos,operates wedding halls, and also does photography for Japanese coming of age ceremonies.
※The above images are from ICHIKURA’s website
ICHIKURA was established in 1991 and is a relatively young company listed in Japan.
Not only selling and renting Furisode (long-sleeved kimono) as well as general kimono fabric, but ICHIKURA also provides a series of services all together such as taking commemorative photographs in its own studio, and makeup and dressing services on the day of the coming of age ceremony.
In addition, in response to people that people wanting to wear kimono but lack the experience to properly put it on , they are developing kimono lessons, and also supply a service that allows customers to purchase kimono directly from
the production area.
￥737 (11/7 last closing price) The latest stock price← click here Trading unit: 100
The final month of the settlement: March Dividend yield 4.07% PER 7.12 PBR 0.68
Equity ratio 31.2%
Although the kimono industry continues to shrink, I believe that the kimono industry will continue to be in demand as the number of foreign visitors who are interested in Japanese culture has increased.
The wedding business continues to shrink in a similar way, but it seems that this is an industry where the demands of the bride and groom are diverse and comparative competition is unlikely to occur.
The dividend yield has fallen because the stock price has soared since I started writing this manuscript. It may be better to wait for the stock price to drop again and, then purchase.
Transition of business results
|
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2017.3 |
15,496 |
1,035 |
760 |
138.9 |
41 |
30% |
|
2018.3 |
16,382 |
805 |
589 |
108.9 |
29 |
27% |
|
2019.3 |
16,839 |
583 |
142 |
26.3 |
14 |
53% |
|
2020.3 |
18,400 |
900 |
570 |
104.5 |
30 |
29% |
※Unit of sales, operating profit, net income is one-million yen
※The figure for March 2020 is the predicted value
|
Cash flow statement |
2019.3 |
2018.3 |
|
CF operating activities |
899 |
1,088 |
|
CF investing activities |
▲1,123 |
▲1,936 |
|
CF financing activities |
276 |
876 |
※One unit is one million yen
Note: You should be responsible for your own investment. Please make your own final judgment.