Upcoming Dividend • Mar 23
Upcoming dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 09 June 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: JP¥28.58 (vs JP¥26.80 in 3Q 2025) Third quarter 2026 results: EPS: JP¥28.58 (up from JP¥26.80 in 3Q 2025). Revenue: JP¥4.37b (up 6.7% from 3Q 2025). Net income: JP¥400.0m (up 5.8% from 3Q 2025). Profit margin: 9.2% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Bekanntmachung • Dec 03
Cross Cat Co., Ltd. to Report Q3, 2026 Results on Feb 04, 2026 Cross Cat Co., Ltd. announced that they will report Q3, 2026 results on Feb 04, 2026 Declared Dividend • Nov 10
Dividend of JP¥34.00 announced Shareholders will receive a dividend of JP¥34.00. Ex-date: 30th March 2026 Payment date: 9th June 2026 Dividend yield will be 3.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (33% earnings payout ratio) and cash flows (77% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 31% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 09
Second quarter 2026 earnings released: EPS: JP¥25.96 (vs JP¥25.61 in 2Q 2025) Second quarter 2026 results: EPS: JP¥25.96 (up from JP¥25.61 in 2Q 2025). Revenue: JP¥4.27b (up 2.5% from 2Q 2025). Net income: JP¥363.0m (flat on 2Q 2025). Profit margin: 8.5% (down from 8.7% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Oct 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.1b (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥15.1b market cap, or US$99.2m). Bekanntmachung • Sep 18
Cross Cat Co., Ltd. Revises Consolidated Earnings Guidance for Six Months Ending September 30, 2025 Cross Cat Co., Ltd. revised consolidated earnings guidance for six months ending September 30, 2025. For the six months, the company now expects Net Sales of JPY 8,200 million, Operating Profit of JPY 870 million, Profit attributable to owners of parent of JPY 650 million and basic earnings per share of JPY 46.38 as compared to previously announced Net Sales of JPY 8,100 million, Operating Profit of JPY 760 million, Profit attributable to owners of parent of JPY 500 million and basic earnings per share of JPY 35.45. Regarding consolidated results for the 2Q(Semi-Annual) of the fiscal year ending March 31, 2026, sales are expected to exceed plan due to favorable performance in our core business, financial projects. In addition to increased sales, improved development productivity has led to an improvement in the cost of sales ratio compared to plan, and selling, general and administrative expenses are also within plan, leading to expectations for both operating profit and ordinary profit exceeding plan. Furthermore, interim net income attributable to owners of parent is expected to significantly exceed plan due to a gain on the sale of investment securities resulting from the sale of a portion of investment securities in order to improve the efficiency of asset holdings and enhance financial standing. As a result, are revising the earnings forecast announced on May 13, 2025 as described above. Regarding the full-year consolidated earnings forecast for the fiscal year ending March 31, 2026, due to the uncertainty surrounding the business environment surrounding group going forward, are maintaining the figures announced on May 13, 2025. If any revisions to the full-year consolidated earnings forecast become necessary in the future, will promptly disclose such information. Bekanntmachung • Sep 05
Cross Cat Co., Ltd. to Report Q2, 2026 Results on Nov 07, 2025 Cross Cat Co., Ltd. announced that they will report Q2, 2026 results on Nov 07, 2025 Reported Earnings • Aug 07
First quarter 2026 earnings released: EPS: JP¥21.50 (vs JP¥15.61 in 1Q 2025) First quarter 2026 results: EPS: JP¥21.50 (up from JP¥15.61 in 1Q 2025). Revenue: JP¥3.96b (up 2.0% from 1Q 2025). Net income: JP¥302.0m (up 36% from 1Q 2025). Profit margin: 7.6% (up from 5.7% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Bekanntmachung • Jun 26
Cross Cat Co., Ltd. to Report Q1, 2026 Results on Aug 05, 2025 Cross Cat Co., Ltd. announced that they will report Q1, 2026 results on Aug 05, 2025 Bekanntmachung • May 21
Cross Cat Co., Ltd. (TSE:2307) announces an Equity Buyback for 140,000 shares, representing 0.99% for ¥145.32 million. Cross Cat Co., Ltd. (TSE:2307) announces a share repurchase program. Under the program, the company will repurchase up to 140,000 shares, representing 0.99% of its issued share capital (excluding treasury stock), for a total purchase price of ¥145.32 million. The shares will be repurchased at a price of ¥1,038 per share. The purpose of the program is to carry out flexible capital policy in response to changes in the business environment. As of May 20, 2025, the company has 14,104,800 issued shares (excluding treasury stock) and 2,900,874 treasury shares. Reported Earnings • May 15
Full year 2025 earnings released: EPS: JP¥93.12 (vs JP¥90.24 in FY 2024) Full year 2025 results: EPS: JP¥93.12 (up from JP¥90.24 in FY 2024). Revenue: JP¥16.2b (up 8.5% from FY 2024). Net income: JP¥1.32b (flat on FY 2024). Profit margin: 8.1% (down from 8.8% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Bekanntmachung • May 13
Cross Cat Co., Ltd., Annual General Meeting, Jun 26, 2025 Cross Cat Co., Ltd., Annual General Meeting, Jun 26, 2025. Buy Or Sell Opportunity • Apr 30
Now 20% overvalued Over the last 90 days, the stock has fallen 3.8% to JP¥1,050. The fair value is estimated to be JP¥874, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has grown by 22%. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥838, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 15x in the IT industry in Japan. Total loss to shareholders of 13% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 12 June 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%). Bekanntmachung • Mar 07
Cross Cat Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Cross Cat Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 New Risk • Feb 21
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 6.0% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change). Buy Or Sell Opportunity • Feb 21
Now 36% overvalued after recent price rise Over the last 90 days, the stock has risen 5.7% to JP¥1,204. The fair value is estimated to be JP¥886, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has grown by 22%. Reported Earnings • Feb 07
Third quarter 2025 earnings released: EPS: JP¥26.80 (vs JP¥34.68 in 3Q 2024) Third quarter 2025 results: EPS: JP¥26.80 (down from JP¥34.68 in 3Q 2024). Revenue: JP¥4.10b (up 6.0% from 3Q 2024). Net income: JP¥378.0m (down 25% from 3Q 2024). Profit margin: 9.2% (down from 13% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Bekanntmachung • Nov 20
Cross Cat Co., Ltd. to Report Q3, 2025 Results on Feb 05, 2025 Cross Cat Co., Ltd. announced that they will report Q3, 2025 results on Feb 05, 2025 Declared Dividend • Nov 08
Dividend of JP¥28.00 announced Shareholders will receive a dividend of JP¥28.00. Ex-date: 28th March 2025 Payment date: 12th June 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 21% per year over the past 9 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Second quarter 2025 earnings released: EPS: JP¥25.61 (vs JP¥20.60 in 2Q 2024) Second quarter 2025 results: EPS: JP¥25.61 (up from JP¥20.60 in 2Q 2024). Revenue: JP¥4.16b (up 12% from 2Q 2024). Net income: JP¥361.0m (up 21% from 2Q 2024). Profit margin: 8.7% (up from 8.0% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 24% per year. New Risk • Oct 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.0b (US$98.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥15.0b market cap, or US$98.0m). Bekanntmachung • Sep 27
Cross Cat Co., Ltd. to Report Q2, 2025 Results on Nov 06, 2024 Cross Cat Co., Ltd. announced that they will report Q2, 2025 results on Nov 06, 2024 Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥15.61 (vs JP¥11.83 in 1Q 2024) First quarter 2025 results: EPS: JP¥15.61 (up from JP¥11.83 in 1Q 2024). Revenue: JP¥3.88b (up 12% from 1Q 2024). Net income: JP¥222.0m (up 27% from 1Q 2024). Profit margin: 5.7% (up from 5.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 29% per year. New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.5b (US$94.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (JP¥13.5b market cap, or US$94.8m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to JP¥958, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 107% over the past three years. New Risk • Aug 02
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 5.6% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.6% average weekly change). Bekanntmachung • Jun 19
Cross Cat Co., Ltd. (TSE:2307) announces an Equity Buyback for 170,000 shares, representing 1.19% for ¥237.83 million. Cross Cat Co., Ltd. (TSE:2307) announces a share repurchase program. Under the program, the company will repurchase up to 170,000 shares, representing 1.66% of its issued share capital (excluding treasury stock), for a total purchase price of ¥237.83 million. The shares will be repurchased at a price of ¥1,399 per share. The purpose of the program is to carry out flexible capital policy in response to changes in the business environment. As of June 19, 2024, the company has 14,245,042 issued shares (excluding treasury stock) and 2,760,632 treasury shares. Bekanntmachung • Jun 08
Cross Cat Co., Ltd. to Report Q1, 2025 Results on Aug 06, 2024 Cross Cat Co., Ltd. announced that they will report Q1, 2025 results on Aug 06, 2024 Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥90.24 (vs JP¥67.85 in FY 2023) Full year 2024 results: EPS: JP¥90.24 (up from JP¥67.85 in FY 2023). Revenue: JP¥14.9b (up 7.9% from FY 2023). Net income: JP¥1.31b (up 29% from FY 2023). Profit margin: 8.8% (up from 7.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Bekanntmachung • May 17
Cross Cat Co., Ltd., Annual General Meeting, Jun 26, 2024 Cross Cat Co., Ltd., Annual General Meeting, Jun 26, 2024. Buy Or Sell Opportunity • May 16
Now 20% undervalued Over the last 90 days, the stock has risen 13% to JP¥1,322. The fair value is estimated to be JP¥1,659, 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. Earnings per share has grown by 35%. Buy Or Sell Opportunity • Apr 16
Now 22% undervalued Over the last 90 days, the stock has risen 20% to JP¥1,301. The fair value is estimated to be JP¥1,664, 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. Earnings per share has grown by 35%. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,575, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 20x in the IT industry in Japan. Total returns to shareholders of 194% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.4%). Buy Or Sell Opportunity • Mar 06
Now 39% overvalued after recent price rise Over the last 90 days, the stock has risen 116% to JP¥2,322. The fair value is estimated to be JP¥1,671, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 35%. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥1,522, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 19x in the IT industry in Japan. Total returns to shareholders of 190% over the past three years. Bekanntmachung • Mar 02
Cross Cat Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Cross Cat Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Bekanntmachung • Feb 21
Cross Cat Co., Ltd. (TSE:2307) announces an Equity Buyback for 240,000 shares, representing 1.66% for ¥290.4 million. Cross Cat Co., Ltd. (TSE:2307) announces a share repurchase program. Under the program, the company will repurchase up to 240,000 shares, representing 1.66% of its issued share capital (excluding treasury stock), for a total purchase price of ¥290.40 million. The shares will be repurchased at a price of ¥1,210 per share. The purpose of the program is to carry out flexible capital policy in response to changes in the business environment. As of February 20, 2024, the company has 14,479,042 issued shares (excluding treasury stock) and 2,526,632 treasury shares. Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥34.67 (vs JP¥18.97 in 3Q 2023) Third quarter 2024 results: EPS: JP¥34.67 (up from JP¥18.97 in 3Q 2023). Revenue: JP¥3.86b (up 13% from 3Q 2023). Net income: JP¥502.0m (up 76% from 3Q 2023). Profit margin: 13% (up from 8.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Bekanntmachung • Nov 29
Cross Cat Co., Ltd. to Report Q3, 2024 Results on Feb 06, 2024 Cross Cat Co., Ltd. announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥20.60 (vs JP¥18.85 in 2Q 2023) Second quarter 2024 results: EPS: JP¥20.60 (up from JP¥18.85 in 2Q 2023). Revenue: JP¥3.70b (up 8.1% from 2Q 2023). Net income: JP¥298.0m (up 5.3% from 2Q 2023). Profit margin: 8.0% (down from 8.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Bekanntmachung • Sep 28
Cross Cat Co., Ltd. to Report Q2, 2024 Results on Nov 07, 2023 Cross Cat Co., Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023 New Risk • Aug 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.6b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥14.6b market cap, or US$99.7m). New Risk • Aug 05
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 5.4% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.4% average weekly change). Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: JP¥11.83 (vs JP¥16.20 in 1Q 2023) First quarter 2024 results: EPS: JP¥11.83 (down from JP¥16.20 in 1Q 2023). Revenue: JP¥3.46b (down 2.2% from 1Q 2023). Net income: JP¥175.0m (down 28% from 1Q 2023). Profit margin: 5.1% (down from 6.9% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Bekanntmachung • Jun 28
Cross Cat Co., Ltd. to Report Q1, 2024 Results on Aug 03, 2023 Cross Cat Co., Ltd. announced that they will report Q1, 2024 results on Aug 03, 2023 Bekanntmachung • May 24
Cross Cat Co., Ltd. (TSE:2307) announces an Equity Buyback for 570,000 shares, for ¥798 million. Cross Cat Co., Ltd. (TSE:2307) announces a share repurchase program. Under the program, the company will repurchase up to 570,000 shares, representing 3.79% of its share capital, at ¥1,095 per share for ¥798 million. The company will repurchase its shares in order to implement a flexible capital policy in response to changes in the business environment. The program is valid till May 24, 2023. As of May 23, 2023, the company had 15,026,842 shares outstanding (excluding treasury shares) and 1,978,832 shares in treasury. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,086, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 129% over the past three years. Reported Earnings • May 16
Full year 2023 earnings released: EPS: JP¥67.85 (vs JP¥50.98 in FY 2022) Full year 2023 results: EPS: JP¥67.85 (up from JP¥50.98 in FY 2022). Revenue: JP¥13.8b (up 14% from FY 2022). Net income: JP¥1.02b (up 33% from FY 2022). Profit margin: 7.4% (up from 6.3% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Bekanntmachung • May 12
Cross Cat Co., Ltd., Annual General Meeting, Jun 28, 2023 Cross Cat Co., Ltd., Annual General Meeting, Jun 28, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥37.00 per share at 1.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 05 June 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.7%). Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: JP¥18.96 (vs JP¥12.73 in 3Q 2022) Third quarter 2023 results: EPS: JP¥18.96 (up from JP¥12.73 in 3Q 2022). Revenue: JP¥3.43b (up 8.2% from 3Q 2022). Net income: JP¥285.0m (up 49% from 3Q 2022). Profit margin: 8.3% (up from 6.0% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year whereas the company’s share price has increased by 31% per year. Bekanntmachung • Dec 04
Cross Cat Co., Ltd. to Report Q3, 2023 Results on Feb 03, 2023 Cross Cat Co., Ltd. announced that they will report Q3, 2023 results on Feb 03, 2023 Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥1,666, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 19x in the IT industry in Japan. Total returns to shareholders of 254% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Outside Director Minoru Suzuki was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 06
Second quarter 2023 earnings released: EPS: JP¥18.84 (vs JP¥13.86 in 2Q 2022) Second quarter 2023 results: EPS: JP¥18.84 (up from JP¥13.86 in 2Q 2022). Revenue: JP¥3.43b (up 15% from 2Q 2022). Net income: JP¥283.0m (up 36% from 2Q 2022). Profit margin: 8.3% (up from 7.0% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥1,257, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 154% over the past three years. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 25% share price gain to JP¥1,443, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 217% over the past three years. Bekanntmachung • Aug 28
Cross Cat Co., Ltd. to Report Q2, 2023 Results on Nov 04, 2022 Cross Cat Co., Ltd. announced that they will report Q2, 2023 results on Nov 04, 2022 Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥1,121, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 148% over the past three years. Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥16.19 (vs JP¥6.60 in 1Q 2022) First quarter 2023 results: EPS: JP¥16.19 (up from JP¥6.60 in 1Q 2022). Revenue: JP¥3.53b (up 34% from 1Q 2022). Net income: JP¥243.0m (up 146% from 1Q 2022). Profit margin: 6.9% (up from 3.8% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Bekanntmachung • Jul 09
Cross Cat Co., Ltd. to Report Q1, 2023 Results on Aug 03, 2022 Cross Cat Co., Ltd. announced that they will report Q1, 2023 results on Aug 03, 2022 Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improved over the past week After last week's 22% share price gain to JP¥1,034, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 19x in the IT industry in Japan. Total returns to shareholders of 129% over the past three years. Reported Earnings • May 17
Full year 2022 earnings released: EPS: JP¥102 (vs JP¥24.59 in FY 2021) Full year 2022 results: EPS: JP¥102 (up from JP¥24.59 in FY 2021). Revenue: JP¥12.1b (up 26% from FY 2021). Net income: JP¥765.0m (up 107% from FY 2021). Profit margin: 6.3% (up from 3.8% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Bekanntmachung • May 14
Cross Cat Co., Ltd., Annual General Meeting, Jun 24, 2022 Cross Cat Co., Ltd., Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Outside Director Minoru Suzuki was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Bekanntmachung • Apr 07
Cross Cat Co., Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 Cross Cat Co., Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 07 June 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.5%). Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥25.45 (up from JP¥4.93 in 3Q 2021). Revenue: JP¥3.17b (up 29% from 3Q 2021). Net income: JP¥191.0m (up 416% from 3Q 2021). Profit margin: 6.0% (up from 1.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,855, the stock trades at a trailing P/E ratio of 23.8x. Average trailing P/E is 20x in the IT industry in Japan. Total returns to shareholders of 108% over the past three years. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥1,518, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 21x in the IT industry in Japan. Total returns to shareholders of 41% over the past three years. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥27.72 (vs JP¥9.20 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥2.99b (up 30% from 2Q 2021). Net income: JP¥208.0m (up 201% from 2Q 2021). Profit margin: 7.0% (up from 3.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. Valuation Update With 7 Day Price Move • Sep 17
Investor sentiment improved over the past week After last week's 22% share price gain to JP¥1,404, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 23x in the IT industry in Japan. Total returns to shareholders of 38% over the past three years. Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS JP¥13.20 (vs JP¥3.07 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥2.64b (up 31% from 1Q 2021). Net income: JP¥99.0m (up 330% from 1Q 2021). Profit margin: 3.8% (up from 1.1% in 1Q 2021). 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 only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥49.18 (vs JP¥65.10 in FY 2020) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥9.63b (flat on FY 2020). Net income: JP¥369.0m (down 26% from FY 2020). Profit margin: 3.8% (down from 5.1% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%).