Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥745, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 17x in the Software industry in Japan. Total returns to shareholders of 19% over the past three years. Reported Earnings • Feb 14
First quarter 2026 earnings released: EPS: JP¥3.53 (vs JP¥12.74 in 1Q 2025) First quarter 2026 results: EPS: JP¥3.53 (down from JP¥12.74 in 1Q 2025). Revenue: JP¥704.0m (up 9.0% from 1Q 2025). Net income: JP¥18.0m (down 72% from 1Q 2025). Profit margin: 2.6% (down from 10% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Bekanntmachung • Dec 27
Jorudan Co.,Ltd. to Report Q1, 2026 Results on Feb 12, 2026 Jorudan Co.,Ltd. announced that they will report Q1, 2026 results on Feb 12, 2026 Reported Earnings • Nov 17
Full year 2025 earnings released: EPS: JP¥51.17 (vs JP¥23.14 loss in FY 2024) Full year 2025 results: EPS: JP¥51.17 (up from JP¥23.14 loss in FY 2024). Revenue: JP¥2.83b (down 3.2% from FY 2024). Net income: JP¥261.0m (up JP¥379.0m from FY 2024). Profit margin: 9.2% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Bekanntmachung • Nov 13
Jorudan Co.,Ltd., Annual General Meeting, Dec 23, 2025 Jorudan Co.,Ltd., Annual General Meeting, Dec 23, 2025. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.5%). Bekanntmachung • Sep 01
Jorudan Co.,Ltd. to Report Fiscal Year 2025 Results on Nov 13, 2025 Jorudan Co.,Ltd. announced that they will report fiscal year 2025 results on Nov 13, 2025 Reported Earnings • Aug 15
Third quarter 2025 earnings released: EPS: JP¥7.84 (vs JP¥4.31 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥7.84 (up from JP¥4.31 loss in 3Q 2024). Revenue: JP¥639.0m (down 1.1% from 3Q 2024). Net income: JP¥40.0m (up JP¥62.0m from 3Q 2024). Profit margin: 6.3% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Bekanntmachung • May 31
Jorudan Co.,Ltd. to Report Q3, 2025 Results on Aug 13, 2025 Jorudan Co.,Ltd. announced that they will report Q3, 2025 results on Aug 13, 2025 Reported Earnings • May 19
Second quarter 2025 earnings released: EPS: JP¥19.61 (vs JP¥24.90 in 2Q 2024) Second quarter 2025 results: EPS: JP¥19.61 (down from JP¥24.90 in 2Q 2024). Revenue: JP¥837.0m (down 11% from 2Q 2024). Net income: JP¥100.0m (down 21% from 2Q 2024). Profit margin: 12% (down from 14% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Bekanntmachung • Mar 01
Jorudan Co.,Ltd. to Report Q2, 2025 Results on May 14, 2025 Jorudan Co.,Ltd. announced that they will report Q2, 2025 results on May 14, 2025 Reported Earnings • Feb 15
First quarter 2025 earnings released: EPS: JP¥12.74 (vs JP¥24.71 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥12.74 (up from JP¥24.71 loss in 1Q 2024). Revenue: JP¥646.0m (down 6.9% from 1Q 2024). Net income: JP¥65.0m (up JP¥191.0m from 1Q 2024). Profit margin: 10% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Bekanntmachung • Dec 05
Jorudan Co.,Ltd. to Report Q1, 2025 Results on Feb 13, 2025 Jorudan Co.,Ltd. announced that they will report Q1, 2025 results on Feb 13, 2025 Bekanntmachung • Nov 15
Jorudan Co.,Ltd., Annual General Meeting, Dec 20, 2024 Jorudan Co.,Ltd., Annual General Meeting, Dec 20, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.2%). Bekanntmachung • Sep 12
Nobuyuki Okoshi signed a letter of intent to acquire an additional 10.10% stake in Airds Co., Ltd. from Jorudan Co.,Ltd. (TSE:3710) for ¥0. Nobuyuki Okoshi signed a letter of intent to acquire an additional 10.10% stake in Airds Co., Ltd. from Jorudan Co.,Ltd. (TSE:3710) for ¥0 on September 12, 2024.
For the period ending March 31, 2024, Airds Co., Ltd. reported total revenue of ¥179 million, operating loss of ¥65 million and net loss of ¥108 million. As of March 31, 2024, Airds Co., Ltd. reported total assets of ¥29 million and net liabilities of ¥187 million.
The expected agreement and completion of the transaction is September, 2024. Bekanntmachung • Aug 29
Jorudan Co.,Ltd. to Report Fiscal Year 2024 Results on Nov 14, 2024 Jorudan Co.,Ltd. announced that they will report fiscal year 2024 results on Nov 14, 2024 Reported Earnings • Aug 19
Third quarter 2024 earnings released: JP¥4.31 loss per share (vs JP¥11.57 profit in 3Q 2023) Third quarter 2024 results: JP¥4.31 loss per share (down from JP¥11.57 profit in 3Q 2023). Revenue: JP¥646.0m (down 6.2% from 3Q 2023). Net loss: JP¥22.0m (down 137% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Reported Earnings • May 20
Second quarter 2024 earnings released: EPS: JP¥24.90 (vs JP¥32.94 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥24.90 (up from JP¥32.94 loss in 2Q 2023). Revenue: JP¥941.0m (down 4.1% from 2Q 2023). Net income: JP¥127.0m (up JP¥295.0m from 2Q 2023). Profit margin: 14% (up from net loss in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Bekanntmachung • Feb 24
Jorudan Co.,Ltd. to Report Q2, 2024 Results on May 13, 2024 Jorudan Co.,Ltd. announced that they will report Q2, 2024 results on May 13, 2024 Reported Earnings • Feb 16
First quarter 2024 earnings released: JP¥24.70 loss per share (vs JP¥13.53 loss in 1Q 2023) First quarter 2024 results: JP¥24.70 loss per share (further deteriorated from JP¥13.53 loss in 1Q 2023). Revenue: JP¥694.0m (up 7.3% from 1Q 2023). Net loss: JP¥126.0m (loss widened 83% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. Bekanntmachung • Dec 14
Jorudan Co.,Ltd. to Report Q1, 2024 Results on Feb 13, 2024 Jorudan Co.,Ltd. announced that they will report Q1, 2024 results on Feb 13, 2024 Reported Earnings • Nov 11
Full year 2023 earnings released: JP¥38.23 loss per share (vs JP¥12.73 profit in FY 2022) Full year 2023 results: JP¥38.23 loss per share (down from JP¥12.73 profit in FY 2022). Revenue: JP¥3.00b (up 13% from FY 2022). Net loss: JP¥195.0m (down 400% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Bekanntmachung • Nov 11
Jorudan Co.,Ltd., Annual General Meeting, Dec 22, 2023 Jorudan Co.,Ltd., Annual General Meeting, Dec 22, 2023. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥6.00 per share at 0.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 08 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.7%). Bekanntmachung • Sep 02
Jorudan Co.,Ltd. to Report Fiscal Year 2023 Results on Nov 09, 2023 Jorudan Co.,Ltd. announced that they will report fiscal year 2023 results on Nov 09, 2023 Reported Earnings • Aug 13
Third quarter 2023 earnings released: EPS: JP¥11.56 (vs JP¥1.77 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥11.56 (up from JP¥1.77 loss in 3Q 2022). Revenue: JP¥689.0m (up 15% from 3Q 2022). Net income: JP¥59.0m (up JP¥68.0m from 3Q 2022). Profit margin: 8.6% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Bekanntmachung • Jun 03
Jorudan Co.,Ltd. to Report Q3, 2023 Results on Aug 10, 2023 Jorudan Co.,Ltd. announced that they will report Q3, 2023 results on Aug 10, 2023 Reported Earnings • May 17
Second quarter 2023 earnings released: JP¥32.93 loss per share (vs JP¥17.06 profit in 2Q 2022) Second quarter 2023 results: JP¥32.93 loss per share (down from JP¥17.06 profit in 2Q 2022). Revenue: JP¥981.0m (up 25% from 2Q 2022). Net loss: JP¥168.0m (down 293% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 15
First quarter 2023 earnings released: JP¥13.53 loss per share (vs JP¥7.21 loss in 1Q 2022) First quarter 2023 results: JP¥13.53 loss per share (further deteriorated from JP¥7.21 loss in 1Q 2022). Revenue: JP¥647.0m (up 9.7% from 1Q 2022). Net loss: JP¥69.0m (loss widened 87% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Bekanntmachung • Dec 24
Jorudan Co.,Ltd. to Report Q1, 2023 Results on Feb 13, 2023 Jorudan Co.,Ltd. announced that they will report Q1, 2023 results on Feb 13, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Outside Audit & Supervisory Board Member Masako Igarashi was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Bekanntmachung • Nov 13
Jorudan Co.,Ltd., Annual General Meeting, Dec 22, 2022 Jorudan Co.,Ltd., Annual General Meeting, Dec 22, 2022. Reported Earnings • Nov 13
Full year 2022 earnings released: EPS: JP¥12.73 (vs JP¥7.78 in FY 2021) Full year 2022 results: EPS: JP¥12.73 (up from JP¥7.78 in FY 2021). Revenue: JP¥2.65b (down 9.0% from FY 2021). Net income: JP¥65.0m (up 63% from FY 2021). Profit margin: 2.5% (up from 1.4% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 26 December 2022. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.8%). Bekanntmachung • Sep 02
Jorudan Co.,Ltd. to Report Fiscal Year 2022 Results on Nov 10, 2022 Jorudan Co.,Ltd. announced that they will report fiscal year 2022 results on Nov 10, 2022 Reported Earnings • Aug 15
Third quarter 2022 earnings released: JP¥1.76 loss per share (vs JP¥8.37 loss in 3Q 2021) Third quarter 2022 results: JP¥1.76 loss per share (up from JP¥8.37 loss in 3Q 2021). Revenue: JP¥601.0m (down 1.6% from 3Q 2021). Net loss: JP¥9.00m (loss narrowed 79% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Bekanntmachung • Jun 12
Jorudan Co.,Ltd. to Report Q3, 2022 Results on Aug 10, 2022 Jorudan Co.,Ltd. announced that they will report Q3, 2022 results on Aug 10, 2022 Reported Earnings • May 19
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: JP¥784.0m (down 2.0% from 2Q 2021). Net income: JP¥87.0m (down 6.5% from 2Q 2021). Profit margin: 11% (in line with 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Outside Audit & Supervisory Board Member Masako Igarashi was the last director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Bekanntmachung • Apr 08
Jorudan Co.,Ltd. to Report Q2, 2022 Results on May 13, 2022 Jorudan Co.,Ltd. announced that they will report Q2, 2022 results on May 13, 2022 Reported Earnings • Nov 12
Full year 2021 earnings released: EPS JP¥7.78 (vs JP¥10.12 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥2.91b (down 16% from FY 2020). Net income: JP¥40.0m (down 23% from FY 2020). Profit margin: 1.4% (in line with FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 24 December 2021. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (1.3%). Reported Earnings • Aug 18
Third quarter 2021 earnings released: JP¥8.37 loss per share (vs JP¥16.73 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses and improved control over expenses, although revenues were flat. Third quarter 2021 results: Revenue: JP¥611.0m (flat on 3Q 2020). Net loss: JP¥43.0m (loss narrowed 50% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
Second quarter 2021 earnings released: EPS JP¥18.09 (vs JP¥18.48 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and revenues, although profit margins were improved. Second quarter 2021 results: Revenue: JP¥800.0m (down 25% from 2Q 2020). Net income: JP¥93.0m (down 2.1% from 2Q 2020). Profit margin: 12% (up from 9.0% in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 16
New 90-day high: JP¥988 The company is up 3.0% from a price of JP¥958 on 16 December 2020. Underperformed the Japanese market, which is up 10.0% over the last 90 days. Exceeded the Software industry, which is down 3.0% over the same period. Reported Earnings • Feb 14
First quarter 2021 earnings released: JP¥9.14 loss per share (vs JP¥10.51 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: JP¥722.0m (down 32% from 1Q 2020). Net loss: JP¥47.0m (down 187% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 29
New 90-day low: JP¥784 The company is down 27% from its price of JP¥1,073 on 30 October 2020. The Japanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 6.0% over the same period. Bekanntmachung • Dec 24
Jorudan Co.,Ltd. to Report Q1, 2021 Results on Feb 12, 2021 Jorudan Co.,Ltd. announced that they will report Q1, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Dec 22
New 90-day low: JP¥817 The company is down 34% from its price of JP¥1,234 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day low: JP¥879 The company is down 29% from its price of JP¥1,237 on 08 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 6.0% over the same period. Reported Earnings • Nov 16
Full year 2020 earnings released: EPS JP¥10.12 The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥3.47b (down 20% from FY 2019). Net income: JP¥52.0m (down 59% from FY 2019). Profit margin: 1.5% (down from 3.0% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Bekanntmachung • Nov 14
Jorudan Co.,Ltd., Annual General Meeting, Dec 23, 2020 Jorudan Co.,Ltd., Annual General Meeting, Dec 23, 2020. Is New 90 Day High Low • Nov 13
New 90-day low: JP¥1,030 The company is down 22% from its price of JP¥1,320 on 14 August 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 7.0% over the same period. Is New 90 Day High Low • Oct 25
New 90-day low: JP¥1,167 The company is down 7.0% from its price of JP¥1,260 on 27 July 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 3.0% over the same period. Bekanntmachung • Sep 13
Jorudan Co.,Ltd. to Report Fiscal Year 2020 Results on Nov 12, 2020 Jorudan Co.,Ltd. announced that they will report fiscal year 2020 results on Nov 12, 2020 Bekanntmachung • Jul 05
Jorudan Co.,Ltd. to Report Q3, 2020 Results on Aug 12, 2020 Jorudan Co.,Ltd. announced that they will report Q3, 2020 results on Aug 12, 2020 
