New Risk • Jun 19
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 6.7% 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 Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (6.7% net profit margin). Market cap is less than US$100m (JP¥3.84b market cap, or US$23.8m). Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,304, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 12x in the Professional Services industry in Japan. Total returns to shareholders of 23% over the past year. Reported Earnings • May 13
First quarter 2026 earnings released: EPS: JP¥31.92 (vs JP¥26.36 in 1Q 2025) First quarter 2026 results: EPS: JP¥31.92 (up from JP¥26.36 in 1Q 2025). Revenue: JP¥978.0m (up 20% from 1Q 2025). Net income: JP¥100.0m (up 27% from 1Q 2025). Profit margin: 10% (in line with 1Q 2025). Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥71.60 (vs JP¥100 in FY 2024) Full year 2025 results: EPS: JP¥71.60 (down from JP¥100 in FY 2024). Revenue: JP¥3.42b (up 16% from FY 2024). Net income: JP¥217.0m (down 28% from FY 2024). Profit margin: 6.3% (down from 10% in FY 2024). The decrease in margin was driven by higher expenses. Ankündigung • Feb 13
es Networks Co., Ltd., Annual General Meeting, Mar 24, 2026 es Networks Co., Ltd., Annual General Meeting, Mar 24, 2026. Ankündigung • Dec 31
es Networks Co., Ltd. to Report Fiscal Year 2025 Results on Feb 09, 2026 es Networks Co., Ltd. announced that they will report fiscal year 2025 results on Feb 09, 2026 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥58.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 47% and the cash payout ratio is 78%. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.1%). Reported Earnings • Nov 08
Third quarter 2025 earnings released: EPS: JP¥7.57 (vs JP¥16.49 in 3Q 2024) Third quarter 2025 results: EPS: JP¥7.57 (down from JP¥16.49 in 3Q 2024). Revenue: JP¥880.0m (up 31% from 3Q 2024). Net income: JP¥23.0m (down 54% from 3Q 2024). Profit margin: 2.6% (down from 7.4% in 3Q 2024). Ankündigung • Sep 01
es Networks Co., Ltd. to Report Q3, 2025 Results on Nov 07, 2025 es Networks Co., Ltd. announced that they will report Q3, 2025 results on Nov 07, 2025 Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: JP¥19.59 (vs JP¥16.49 in 2Q 2024) Second quarter 2025 results: EPS: JP¥19.59 (up from JP¥16.49 in 2Q 2024). Revenue: JP¥804.0m (up 20% from 2Q 2024). Net income: JP¥59.0m (up 18% from 2Q 2024). Profit margin: 7.3% (down from 7.4% in 2Q 2024). Ankündigung • Jul 03
es Networks Tax Corporation completed the acquisition of Business succession consulting business of Es Networks Co., Ltd. from es Networks Co., Ltd. (TSE:5867) for ¥150 million. es Networks Tax Corporation agreed to acquire Business succession consulting business of Es Networks Co., Ltd. from es Networks Co., Ltd. (TSE:5867) for approximately ¥60 million on June 14, 2024. The consideration will be comprised of cash consideration of ¥60 million and a cash earnout component which will be one year after the closing date, and the amount will be determined in advance depending on the continuation status of the transferred succession contract. As part of consideration, ¥60 million is paid towards assets of Business succession consulting business of Es Networks Co., Ltd. For the period ending December 31, 2023, Business succession consulting business of Es Networks Co., Ltd. reported total revenue of ¥67 million. The expected completion of the transaction is July 1, 2024.
es Networks Tax Corporation completed the acquisition of Business succession consulting business of Es Networks Co., Ltd. from es Networks Co., Ltd. (TSE:5867) for ¥150 million on July 1, 2025. As the continuation status of the transferred succession contract has now been determined, the earn-out consideration has become ¥30 million. Ankündigung • May 31
es Networks Co., Ltd. to Report Q2, 2025 Results on Aug 08, 2025 es Networks Co., Ltd. announced that they will report Q2, 2025 results on Aug 08, 2025 Reported Earnings • May 11
First quarter 2025 earnings released: EPS: JP¥26.36 (vs JP¥0.68 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥26.36 (up from JP¥0.68 loss in 1Q 2024). Revenue: JP¥818.0m (up 23% from 1Q 2024). Net income: JP¥79.0m (up JP¥81.0m from 1Q 2024). Profit margin: 9.7% (up from net loss in 1Q 2024). Reported Earnings • Mar 28
Full year 2024 earnings released: EPS: JP¥100 (vs JP¥46.16 in FY 2023) Full year 2024 results: EPS: JP¥100 (up from JP¥46.16 in FY 2023). Revenue: JP¥2.95b (up 8.8% from FY 2023). Net income: JP¥301.0m (up 121% from FY 2023). Profit margin: 10% (up from 5.0% in FY 2023). Ankündigung • Mar 01
es Networks Co., Ltd. to Report Q1, 2025 Results on May 09, 2025 es Networks Co., Ltd. announced that they will report Q1, 2025 results on May 09, 2025 Ankündigung • Feb 07
es Networks Co., Ltd., Annual General Meeting, Mar 24, 2025 es Networks Co., Ltd., Annual General Meeting, Mar 24, 2025. New Risk • Jan 03
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 5.0% 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 Share price has been volatile over the past 3 months (5.0% average weekly change). Market cap is less than US$100m (JP¥3.26b market cap, or US$20.7m). Upcoming Dividend • Dec 20
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (0.9%). Ankündigung • Dec 03
es Networks Co., Ltd. to Report Fiscal Year 2024 Results on Feb 07, 2025 es Networks Co., Ltd. announced that they will report fiscal year 2024 results on Feb 07, 2025 New Risk • Oct 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (24% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (JP¥3.41b market cap, or US$22.8m). Ankündigung • Aug 29
es Networks Co., Ltd. (TSE:5867) announces an Equity Buyback for 35,000 shares, representing 1.15% for ¥38.5 million. es Networks Co., Ltd. (TSE:5867) announces a share repurchase program. Under the program, the company will repurchase up to 35,000 shares, representing 1.15% of its total shares outstanding excluding treasury shares, for a total of ¥38.5 million. The purpose of repurchase program is to improve the capital efficiency and to implement a flexible capital policy in response to changes in the business environment. The company will use some of the treasury stock acquired for the restricted stock to be issued in the future. The repurchase program is valid till October 31, 2024. As of August 28, 2024, the company has 3,035,105 shares outstanding excluding treasury shares and has 12,995 shares in treasury. Ankündigung • Aug 27
es Networks Co., Ltd. to Report Q3, 2024 Results on Nov 08, 2024 es Networks Co., Ltd. announced that they will report Q3, 2024 results on Nov 08, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥865, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 16x in the Professional Services industry in Japan. Ankündigung • Jun 06
es Networks Co., Ltd. to Report Q2, 2024 Results on Aug 09, 2024 es Networks Co., Ltd. announced that they will report Q2, 2024 results on Aug 09, 2024 Buy Or Sell Opportunity • May 14
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to JP¥1,093. The fair value is estimated to be JP¥903, 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 year. Earnings per share has declined by 6.5%. Buy Or Sell Opportunity • Apr 22
Now 24% overvalued Over the last 90 days, the stock has fallen 18% to JP¥1,128. The fair value is estimated to be JP¥909, 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 year. Earnings per share has declined by 6.5%. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,367, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 18x in the Professional Services industry in Japan. Ankündigung • Mar 07
es Networks Co., Ltd. to Report Q1, 2024 Results on May 10, 2024 es Networks Co., Ltd. announced that they will report Q1, 2024 results on May 10, 2024 Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,170, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 18x in the Professional Services industry in Japan. New Risk • Feb 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). High level of non-cash earnings (24% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥3.81b market cap, or US$25.3m). Ankündigung • Feb 11
es Networks Co., Ltd., Annual General Meeting, Mar 28, 2024 es Networks Co., Ltd., Annual General Meeting, Mar 28, 2024. Board Change • Dec 31
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Ankündigung • Dec 29
es Networks Co., Ltd. to Report Fiscal Year 2023 Results on Feb 09, 2024 es Networks Co., Ltd. announced that they will report fiscal year 2023 results on Feb 09, 2024 Ankündigung • Dec 21
es Networks Co., Ltd. has completed an IPO in the amount of ¥255.5 million. es Networks Co., Ltd. has completed an IPO in the amount of ¥255.5 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 50,000
Price\Range: ¥730
Discount Per Security: ¥58.4
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 300,000
Price\Range: ¥730
Discount Per Security: ¥58.4
Transaction Features: ESOP Related Offering 
