Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥3,340, the stock trades at a trailing P/E ratio of 48.6x. Average trailing P/E is 12x in the Professional Services industry in Japan. Total returns to shareholders of 287% over the past three years. Ankündigung • Jun 04
Succeed co.,ltd. to Report Q1, 2027 Results on Aug 07, 2026 Succeed co.,ltd. announced that they will report Q1, 2027 results on Aug 07, 2026 Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥2,350, the stock trades at a trailing P/E ratio of 34.2x. Average trailing P/E is 13x in the Professional Services industry in Japan. Total returns to shareholders of 178% over the past three years. Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥68.74 (vs JP¥72.38 in FY 2025) Full year 2026 results: EPS: JP¥68.74 (down from JP¥72.38 in FY 2025). Revenue: JP¥4.29b (up 24% from FY 2025). Net income: JP¥246.0m (down 5.0% from FY 2025). Profit margin: 5.7% (down from 7.5% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • May 15
Now 34% overvalued after recent price rise Over the last 90 days, the stock has risen 113% to JP¥1,724. The fair value is estimated to be JP¥1,290, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.2% over the last 3 years. Earnings per share has declined by 4.0%. Ankündigung • May 14
Succeed co.,ltd., Annual General Meeting, Jun 25, 2026 Succeed co.,ltd., Annual General Meeting, Jun 25, 2026. New Risk • May 14
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 10% 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 (10% average weekly change). Minor Risk Market cap is less than US$100m (JP¥5.10b market cap, or US$32.3m). Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥974, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 13x in the Professional Services industry in Japan. Total returns to shareholders of 10% over the past three years. Ankündigung • May 10
Succeed co.,ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Succeed co.,ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 15 June 2026. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥14.81 (vs JP¥18.16 in 3Q 2025) Third quarter 2026 results: EPS: JP¥14.81 (down from JP¥18.16 in 3Q 2025). Revenue: JP¥1.15b (up 33% from 3Q 2025). Net income: JP¥53.0m (down 19% from 3Q 2025). Profit margin: 4.6% (down from 7.5% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 6% per year. Ankündigung • Nov 29
Succeed co.,ltd. to Report Q3, 2026 Results on Feb 12, 2026 Succeed co.,ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥17.60 (vs JP¥23.75 in 2Q 2025) Second quarter 2026 results: EPS: JP¥17.60 (down from JP¥23.75 in 2Q 2025). Revenue: JP¥972.0m (up 9.5% from 2Q 2025). Net income: JP¥63.0m (down 26% from 2Q 2025). Profit margin: 6.5% (down from 9.6% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 7% per year. Ankündigung • Sep 27
Succeed co.,ltd. to Report Q2, 2026 Results on Nov 12, 2025 Succeed co.,ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥30.46 (vs JP¥28.23 in 1Q 2025) First quarter 2026 results: EPS: JP¥30.46 (up from JP¥28.23 in 1Q 2025). Revenue: JP¥1.02b (up 13% from 1Q 2025). Net income: JP¥109.0m (up 7.9% from 1Q 2025). Profit margin: 11% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 9% per year. Ankündigung • Jun 21
Succeed co.,ltd. to Report Q1, 2026 Results on Aug 07, 2025 Succeed co.,ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥72.38 (vs JP¥63.52 in FY 2024) Full year 2025 results: EPS: JP¥72.38 (up from JP¥63.52 in FY 2024). Revenue: JP¥3.47b (up 7.5% from FY 2024). Net income: JP¥259.0m (up 16% from FY 2024). Profit margin: 7.5% (up from 6.9% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year. Ankündigung • May 13
Succeed co.,ltd., Annual General Meeting, Jun 27, 2025 Succeed co.,ltd., Annual General Meeting, Jun 27, 2025. Ankündigung • Apr 10
Succeed co.,ltd. (TSE:9256) completed the acquisition of 53.2% stake in Mingaku Co., Ltd. from Yuta sato. Succeed co.,ltd. (TSE:9256) agreed to acquire 53.2% stake in Mingaku Co., Ltd. from Yuta sato for ¥22 million on January 23, 2025. A cash consideration of ¥22 million will be paid by Succeed co.,ltd. As part of consideration, ¥22 million is paid towards common equity of Mingaku Co., Ltd. For the period ended April 31, 2024 Mingaku Co., Ltd. reported net assets of ¥15.98 million, total assets ¥3 million, sales ¥20 million, operating profit of ¥5.8 million, and net income of ¥6 million. The acquisition price was determined based on a share valuation by a third party, such as a business value valuation using the DCF method and was determined through mutual discussion, and believe that the price is fair. Number of shares to be acquired through acquisition 200 shares and number of shares to be acquired through third-party allotment equals 710 shares. Upon completion, Succeed co., were to hold together 910 common shares and number of voting rights of 910, along with a Voting rights ownership ratio of 53.2%.
The Board of Directors meeting held on January 23, 2025, we resolved to acquire shares of Mingaku Co., Ltd. and make it a subsidiary. If this transaction is completed as planned, Mingaku Co., Ltd. will become a consolidated subsidiary of the Company in April 2025, which we believe will contribute to improving the Company's corporate value. The impact of this share acquisition on the Company's financial results for the fiscal year ending March 2025 will be minor. The expected completion of the transaction is in April 2025.
Succeed co.,ltd. (TSE:9256) completed the acquisition of 53.2% stake in Mingaku Co., Ltd. from Yuta sato on April 8, 2025. Ankündigung • Mar 27
Succeed co.,ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Succeed co.,ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 13 June 2025. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.1%). Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥18.16 (vs JP¥10.27 in 3Q 2024) Third quarter 2025 results: EPS: JP¥18.16 (up from JP¥10.27 in 3Q 2024). Revenue: JP¥862.0m (up 8.0% from 3Q 2024). Net income: JP¥65.0m (up 81% from 3Q 2024). Profit margin: 7.5% (up from 4.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Jan 17
Now 20% undervalued Over the last 90 days, the stock has risen 5.9% to JP¥770. The fair value is estimated to be JP¥965, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last year. Earnings per share has declined by 7.8%. Ankündigung • Dec 13
Succeed co.,ltd. to Report Q3, 2025 Results on Feb 12, 2025 Succeed co.,ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Buy Or Sell Opportunity • Dec 10
Now 20% undervalued Over the last 90 days, the stock has risen 5.6% to JP¥772. The fair value is estimated to be JP¥969, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last year. Earnings per share has declined by 7.8%. Reported Earnings • Nov 18
Second quarter 2025 earnings released: EPS: JP¥23.75 (vs JP¥16.85 in 2Q 2024) Second quarter 2025 results: EPS: JP¥23.75 (up from JP¥16.85 in 2Q 2024). Revenue: JP¥888.0m (up 9.5% from 2Q 2024). Net income: JP¥85.0m (up 44% from 2Q 2024). Profit margin: 9.6% (up from 7.3% in 2Q 2024). The increase in margin was driven by higher revenue. Ankündigung • Sep 05
Succeed co.,ltd. to Report Q2, 2025 Results on Nov 12, 2024 Succeed co.,ltd. announced that they will report Q2, 2025 results on Nov 12, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥28.23 (vs JP¥27.71 in 1Q 2024) First quarter 2025 results: EPS: JP¥28.23 (up from JP¥27.71 in 1Q 2024). Revenue: JP¥902.0m (up 5.9% from 1Q 2024). Net income: JP¥101.0m (up 4.1% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥765, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 16x in the Professional Services industry in Japan. Total loss to shareholders of 16% over the past year. Buy Or Sell Opportunity • Aug 05
Now 33% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to JP¥765. The fair value is estimated to be JP¥1,142, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years, while earnings per share has been flat. Ankündigung • Jun 23
Succeed co.,ltd. to Report Q1, 2025 Results on Aug 08, 2024 Succeed co.,ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 11
Full year 2024 earnings released: EPS: JP¥63.52 (vs JP¥77.28 in FY 2023) Full year 2024 results: EPS: JP¥63.52 (down from JP¥77.28 in FY 2023). Revenue: JP¥3.23b (up 9.8% from FY 2023). Net income: JP¥223.0m (down 17% from FY 2023). Profit margin: 6.9% (down from 9.2% in FY 2023). The decrease in margin was driven by higher expenses. Ankündigung • May 11
Succeed co.,ltd., Annual General Meeting, Jun 27, 2024 Succeed co.,ltd., Annual General Meeting, Jun 27, 2024. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to JP¥1,370, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 42% over the past year. Ankündigung • Mar 17
Succeed co.,ltd. to Report Fiscal Year 2024 Results on May 09, 2024 Succeed co.,ltd. announced that they will report fiscal year 2024 results on May 09, 2024 New Risk • Mar 05
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 10% 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 (10% average weekly change). Minor Risk Market cap is less than US$100m (JP¥4.59b market cap, or US$30.5m). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,008, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 3.4% over the past year. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥10.27 (vs JP¥15.25 in 3Q 2023) Third quarter 2024 results: EPS: JP¥10.27 (down from JP¥15.25 in 3Q 2023). Revenue: JP¥798.0m (up 7.1% from 3Q 2023). Net income: JP¥36.0m (down 32% from 3Q 2023). Profit margin: 4.5% (down from 7.1% in 3Q 2023). The decrease in margin was driven by higher expenses. Ankündigung • Dec 04
Succeed co.,ltd. to Report Q3, 2024 Results on Feb 08, 2024 Succeed co.,ltd. announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥16.85 (vs JP¥21.58 in 2Q 2023) Second quarter 2024 results: EPS: JP¥16.85 (down from JP¥21.58 in 2Q 2023). Revenue: JP¥811.0m (up 7.7% from 2Q 2023). Net income: JP¥59.0m (down 21% from 2Q 2023). Profit margin: 7.3% (down from 10.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Ankündigung • Aug 27
Succeed co.,ltd. to Report Q2, 2024 Results on Nov 09, 2023 Succeed co.,ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: JP¥27.71 (vs JP¥23.02 in 1Q 2023) First quarter 2024 results: EPS: JP¥27.71 (up from JP¥23.02 in 1Q 2023). Revenue: JP¥852.0m (up 16% from 1Q 2023). Net income: JP¥97.0m (up 21% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). Ankündigung • Jun 28
Succeed co.,ltd. to Report Q1, 2024 Results on Aug 09, 2023 Succeed co.,ltd. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥77.28 (vs JP¥87.43 in FY 2022) Full year 2023 results: EPS: JP¥77.28 (down from JP¥87.43 in FY 2022). Revenue: JP¥2.94b (up 13% from FY 2022). Net income: JP¥269.0m (down 3.9% from FY 2022). Profit margin: 9.2% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Ankündigung • May 13
Succeed co.,ltd., Annual General Meeting, Jun 23, 2023 Succeed co.,ltd., Annual General Meeting, Jun 23, 2023. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥15.25 (vs JP¥16.14 in 3Q 2022) Third quarter 2023 results: EPS: JP¥15.25 (down from JP¥16.14 in 3Q 2022). Revenue: JP¥745.0m (up 16% from 3Q 2022). Net income: JP¥53.0m (down 5.4% from 3Q 2022). Profit margin: 7.1% (down from 8.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Ankündigung • Dec 10
Succeed co.,ltd. to Report Q3, 2023 Results on Feb 09, 2023 Succeed co.,ltd. announced that they will report Q3, 2023 results on Feb 09, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥21.58 (vs JP¥16.14 in 2Q 2022) Second quarter 2023 results: EPS: JP¥21.58 (up from JP¥16.14 in 2Q 2022). Revenue: JP¥753.0m (up 18% from 2Q 2022). Net income: JP¥75.0m (up 34% from 2Q 2022). Profit margin: 10.0% (up from 8.7% in 2Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥21.58 (vs JP¥16.14 in 2Q 2022) Second quarter 2023 results: EPS: JP¥21.58 (up from JP¥16.14 in 2Q 2022). Revenue: JP¥753.0m (up 18% from 2Q 2022). Net income: JP¥75.0m (up 34% from 2Q 2022). Profit margin: 10.0% (up from 8.7% in 2Q 2022). The increase in margin was driven by higher revenue. Ankündigung • Aug 31
Succeed co.,ltd. to Report Q2, 2023 Results on Nov 10, 2022 Succeed co.,ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 13
First quarter 2023 earnings released First quarter 2023 results: EPS: JP¥23.02. Revenue: JP¥732.0m (flat on 1Q 2022). Net income: JP¥80.0m (up JP¥80.0m from 1Q 2022). Profit margin: 11% (up from null in 1Q 2022). Ankündigung • Jun 18
Succeed co.,ltd. to Report Q1, 2023 Results on Aug 10, 2022 Succeed co.,ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥1,050, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 17x in the Professional Services industry in Japan. Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥87.43 (vs JP¥55.81 in FY 2021) Full year 2022 results: EPS: JP¥87.43 (up from JP¥55.81 in FY 2021). Revenue: JP¥2.59b (up 30% from FY 2021). Net income: JP¥280.0m (up 62% from FY 2021). Profit margin: 11% (up from 8.7% in FY 2021). The increase in margin was driven by higher revenue. Ankündigung • May 15
Succeed co., ltd., Annual General Meeting, Jun 23, 2022 Succeed co., ltd., Annual General Meeting, Jun 23, 2022. Ankündigung • Apr 08
Succeed co., ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Succeed co., ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥1,099, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 19x in the Professional Services industry in Japan. Ankündigung • Dec 22
Succeed co., ltd. has completed an IPO in the amount of ¥1.17 billion. Succeed co., ltd. has completed an IPO in the amount of ¥1.17 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 750,000
Price\Range: ¥1560
Discount Per Security: ¥124.8