Upcoming Dividend • Jun 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 24 September 2026. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.9%). Lower than average of industry peers (2.0%). Ankündigung • Jun 03
BroadBand Security, Inc. to Report Fiscal Year 2026 Results on Aug 12, 2026 BroadBand Security, Inc. announced that they will report fiscal year 2026 results on Aug 12, 2026 Reported Earnings • May 18
Third quarter 2026 earnings released: EPS: JP¥42.53 (vs JP¥25.24 in 3Q 2025) Third quarter 2026 results: EPS: JP¥42.53 (up from JP¥25.24 in 3Q 2025). Revenue: JP¥1.86b (up 14% from 3Q 2025). Net income: JP¥187.0m (up 69% from 3Q 2025). Profit margin: 10.0% (up from 6.8% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% 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. Ankündigung • May 14
BroadBand Security, Inc. to Report Q3, 2026 Results on May 13, 2026 BroadBand Security, Inc. announced that they will report Q3, 2026 results on May 13, 2026 Reported Earnings • Feb 14
Second quarter 2026 earnings released: EPS: JP¥24.65 (vs JP¥18.10 in 2Q 2025) Second quarter 2026 results: EPS: JP¥24.65 (up from JP¥18.10 in 2Q 2025). Revenue: JP¥1.75b (up 6.6% from 2Q 2025). Net income: JP¥108.0m (up 35% from 2Q 2025). Profit margin: 6.2% (up from 4.9% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.2%). Ankündigung • Nov 29
BroadBand Security, Inc. to Report Q2, 2026 Results on Feb 12, 2026 BroadBand Security, Inc. announced that they will report Q2, 2026 results on Feb 12, 2026 Reported Earnings • Nov 15
First quarter 2026 earnings released: EPS: JP¥1.14 (vs JP¥2.49 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥1.14 (up from JP¥2.49 loss in 1Q 2025). Revenue: JP¥1.49b (up 4.8% from 1Q 2025). Net income: JP¥5.00m (up JP¥16.0m from 1Q 2025). Profit margin: 0.3% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,566, the stock trades at a trailing P/E ratio of 49.8x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 14% over the past three years. Ankündigung • Sep 11
BroadBand Security, Inc. to Report Q1, 2026 Results on Nov 12, 2025 BroadBand Security, Inc. announced that they will report Q1, 2026 results on Nov 12, 2025 Reported Earnings • Aug 15
Full year 2025 earnings released: EPS: JP¥32.26 (vs JP¥103 in FY 2024) Full year 2025 results: EPS: JP¥32.26 (down from JP¥103 in FY 2024). Revenue: JP¥6.10b (down 5.5% from FY 2024). Net income: JP¥142.0m (down 69% from FY 2024). Profit margin: 2.3% (down from 7.0% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Ankündigung • Aug 13
BroadBand Security, Inc., Annual General Meeting, Sep 19, 2025 BroadBand Security, Inc., Annual General Meeting, Sep 19, 2025. Buy Or Sell Opportunity • Jul 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.2% to JP¥1,224. The fair value is estimated to be JP¥1,572, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has declined by 2.9%. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 24 September 2025. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (1.2%). Ankündigung • Jun 03
BroadBand Security, Inc. to Report Fiscal Year 2025 Results on Aug 13, 2025 BroadBand Security, Inc. announced that they will report fiscal year 2025 results on Aug 13, 2025 Reported Earnings • May 20
Third quarter 2025 earnings released: EPS: JP¥25.24 (vs JP¥39.43 in 3Q 2024) Third quarter 2025 results: EPS: JP¥25.24 (down from JP¥39.43 in 3Q 2024). Revenue: JP¥1.64b (down 2.6% from 3Q 2024). Net income: JP¥111.0m (down 36% from 3Q 2024). Profit margin: 6.8% (down from 10% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • May 16
Now 22% overvalued Over the last 90 days, the stock has fallen 5.3% to JP¥1,348. The fair value is estimated to be JP¥1,106, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 11%. Buy Or Sell Opportunity • May 01
Now 21% overvalued Over the last 90 days, the stock has fallen 7.8% to JP¥1,342. The fair value is estimated to be JP¥1,112, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 11%. Ankündigung • Mar 01
BroadBand Security, Inc. to Report Q3, 2025 Results on May 14, 2025 BroadBand Security, Inc. announced that they will report Q3, 2025 results on May 14, 2025 Reported Earnings • Feb 14
Second quarter 2025 earnings released: EPS: JP¥18.10 (vs JP¥50.62 in 2Q 2024) Second quarter 2025 results: EPS: JP¥18.10 (down from JP¥50.62 in 2Q 2024). Revenue: JP¥1.65b (down 8.7% from 2Q 2024). Net income: JP¥80.0m (down 64% from 2Q 2024). Profit margin: 4.9% (down from 12% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 8% per year. Ankündigung • Jan 21
ID Holdings Corporation (TSE:4709) completed the acquisition of 21.30% stake in BroadBand Security, Inc. (TSE:4398) from SBI FinTech Solutions Co., Ltd. (KOSDAQ:A950110) ID Holdings Corporation (TSE:4709) agreed to acquire 21.30% stake in BroadBand Security, Inc. (TSE:4398) from SBI FinTech Solutions Co., Ltd. (KOSDAQ:A950110) for ¥2.0 billion on November 14, 2024. A cash consideration, ¥2,050 per share will be paid by ID Holdings Corporation, for an acquisition price of ¥1,976,200,000. ID Holdings Corporation will conclude a share transfer agreement with SBI FinTech Solutions Co., Ltd., by which SBI FinTech Solutions transfers 964,000 common shares of BroadBand Security, Inc. to the Company. The purpose of the partnership is to expand the two companies’ cybersecurity businesses. In tandem with the share purchase and capital and business partnership, BroadBand Security, Inc. becomes an affiliated company accounted for by the equity-method of the Company.
The share acquisition is subject to receipt of notice that the Fair Trade Commission does not issue a cease-and-desist order against the acquisition based on the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade. The Company expects to execute the acquisition of these shares on January 20, 2025.
ID Holdings Corporation (TSE:4709) completed the acquisition of 21.30% stake in BroadBand Security, Inc. (TSE:4398) from SBI FinTech Solutions Co., Ltd. (KOSDAQ:A950110) on January 20, 2025. New Risk • Jan 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (2.5% increase in shares outstanding). Market cap is less than US$100m (JP¥6.56b market cap, or US$41.4m). Upcoming Dividend • Dec 20
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 04 March 2025. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.4%). Ankündigung • Nov 30
BroadBand Security, Inc. to Report Q2, 2025 Results on Feb 12, 2025 BroadBand Security, Inc. announced that they will report Q2, 2025 results on Feb 12, 2025 Ankündigung • Nov 14
BroadBand Security, Inc. (TSE:4398) announces an Equity Buyback for 67,000 shares, representing 1.49% for ¥100 million. BroadBand Security, Inc. (TSE:4398) announces a share repurchase program. Under the program, the company will repurchase up to 67,000 shares, representing 1.49% of its issued share capital, for ¥100 million. The purpose of the program is to increase capital efficiency and improve the total return ratio as stated in the "Shareholder Return Policy." The program will expire on March 31, 2025. As of October 31, 2024, the company had 4,521,454 shares issued excluding treasury shares and 50,120 treasury shares. Ankündigung • Sep 28
BroadBand Security, Inc. to Report Q1, 2025 Results on Nov 13, 2024 BroadBand Security, Inc. announced that they will report Q1, 2025 results on Nov 13, 2024 Reported Earnings • Aug 19
Full year 2024 earnings released: EPS: JP¥103 (vs JP¥94.78 in FY 2023) Full year 2024 results: EPS: JP¥103 (up from JP¥94.78 in FY 2023). Revenue: JP¥6.46b (up 9.4% from FY 2023). Net income: JP¥455.0m (up 9.4% from FY 2023). Profit margin: 7.0% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 14
BroadBand Security, Inc., Annual General Meeting, Sep 20, 2024 BroadBand Security, Inc., Annual General Meeting, Sep 20, 2024. New Risk • Aug 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 7.9% 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 (7.9% average weekly change). Minor Risk Market cap is less than US$100m (JP¥5.34b market cap, or US$37.5m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to JP¥1,209, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 14% over the past three years. Ankündigung • Jul 24
BroadBand Security, Inc. to Report Fiscal Year 2024 Results on Aug 14, 2024 BroadBand Security, Inc. announced that they will report fiscal year 2024 results on Aug 14, 2024 Buy Or Sell Opportunity • Jul 11
Now 22% undervalued Over the last 90 days, the stock has risen 9.0% to JP¥1,765. The fair value is estimated to be JP¥2,253, 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%. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 19 September 2024. The average dividend yield among industry peers is 1.6%. Reported Earnings • May 20
Third quarter 2024 earnings released: EPS: JP¥39.43 (vs JP¥17.76 in 3Q 2023) Third quarter 2024 results: EPS: JP¥39.43 (up from JP¥17.76 in 3Q 2023). Revenue: JP¥1.68b (up 15% from 3Q 2023). Net income: JP¥174.0m (up 123% from 3Q 2023). Profit margin: 10% (up from 5.3% 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 fallen by 5% per year, which means it is significantly lagging earnings. Ankündigung • Mar 29
BroadBand Security, Inc. to Report Q3, 2024 Results on May 14, 2024 BroadBand Security, Inc. announced that they will report Q3, 2024 results on May 14, 2024 Reported Earnings • Feb 15
Second quarter 2024 earnings released: EPS: JP¥50.62 (vs JP¥38.31 in 2Q 2023) Second quarter 2024 results: EPS: JP¥50.62 (up from JP¥38.31 in 2Q 2023). Revenue: JP¥1.80b (up 13% from 2Q 2023). Net income: JP¥223.0m (up 39% from 2Q 2023). Profit margin: 12% (up from 10% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Ankündigung • Dec 29
BroadBand Security, Inc. to Report Q2, 2024 Results on Feb 13, 2024 BroadBand Security, Inc. announced that they will report Q2, 2024 results on Feb 13, 2024 Upcoming Dividend • Dec 21
Inaugural dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 06 March 2024. This is the first dividend for BroadBand Security since going public. The average dividend yield among industry peers is 1.5%. Reported Earnings • Nov 12
First quarter 2024 earnings released: EPS: JP¥10.92 (vs JP¥21.46 in 1Q 2023) First quarter 2024 results: EPS: JP¥10.92 (down from JP¥21.46 in 1Q 2023). Revenue: JP¥1.49b (up 8.2% from 1Q 2023). Net income: JP¥48.0m (down 51% from 1Q 2023). Profit margin: 3.2% (down from 7.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Ankündigung • Oct 13
BroadBand Security, Inc. to Report Q1, 2024 Results on Nov 10, 2023 BroadBand Security, Inc. announced that they will report Q1, 2024 results on Nov 10, 2023 Buying Opportunity • Aug 14
Now 20% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be JP¥1,880, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 29%. Reported Earnings • Aug 14
Full year 2023 earnings released: EPS: JP¥94.78 (vs JP¥79.82 in FY 2022) Full year 2023 results: EPS: JP¥94.78 (up from JP¥79.82 in FY 2022). Revenue: JP¥5.90b (up 13% from FY 2022). Net income: JP¥416.0m (up 18% from FY 2022). Profit margin: 7.0% (up from 6.7% 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 29% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Ankündigung • Aug 12
BroadBand Security, Inc., Annual General Meeting, Sep 15, 2023 BroadBand Security, Inc., Annual General Meeting, Sep 15, 2023. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,754, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 19x in the IT industry in Japan. Total loss to shareholders of 38% over the past three years. New Risk • Jul 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 7.9% 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 (7.9% average weekly change). Minor Risk Market cap is less than US$100m (JP¥7.48b market cap, or US$51.8m). Upcoming Dividend • Jun 22
Inaugural dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 20 September 2023. This is the first dividend for BroadBand Security since going public. The average dividend yield among industry peers is 1.6%. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥1,564, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 19x in the IT industry in Japan. Total loss to shareholders of 37% over the past three years. Ankündigung • Jun 03
BroadBand Security, Inc. to Report Q4, 2023 Results on Aug 10, 2023 BroadBand Security, Inc. announced that they will report Q4, 2023 results on Aug 10, 2023 Buying Opportunity • May 25
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be JP¥1,529, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 25%. Reported Earnings • May 18
Third quarter 2023 earnings released: EPS: JP¥17.76 (vs JP¥22.15 in 3Q 2022) Third quarter 2023 results: EPS: JP¥17.76 (down from JP¥22.15 in 3Q 2022). Revenue: JP¥1.46b (up 9.4% from 3Q 2022). Net income: JP¥78.0m (down 20% from 3Q 2022). Profit margin: 5.3% (down from 7.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,321, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 40% over the past three years. Reported Earnings • Feb 15
Second quarter 2023 earnings released: EPS: JP¥38.31 (vs JP¥29.84 in 2Q 2022) Second quarter 2023 results: EPS: JP¥38.31 (up from JP¥29.84 in 2Q 2022). Revenue: JP¥1.60b (up 14% from 2Q 2022). Net income: JP¥161.0m (up 22% from 2Q 2022). Profit margin: 10% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 22
Inaugural dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 07 March 2023. This is the first dividend for BroadBand Security since going public. The average dividend yield among industry peers is 1.7%. Ankündigung • Nov 27
BroadBand Security, Inc. to Report Q2, 2023 Results on Feb 13, 2023 BroadBand Security, Inc. announced that they will report Q2, 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 is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. Independent Outside Director Takashi Takizawa was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
First quarter 2023 earnings released: EPS: JP¥22.37 (vs JP¥3.59 in 1Q 2022) First quarter 2023 results: EPS: JP¥22.37 (up from JP¥3.59 in 1Q 2022). Revenue: JP¥1.38b (up 19% from 1Q 2022). Net income: JP¥98.0m (up JP¥82.0m from 1Q 2022). Profit margin: 7.1% (up from 1.4% 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 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Ankündigung • Sep 23
BroadBand Security, Inc. to Report Q1, 2023 Results on Nov 11, 2022 BroadBand Security, Inc. announced that they will report Q1, 2023 results on Nov 11, 2022 Ankündigung • Aug 14
BroadBand Security, Inc., Annual General Meeting, Sep 16, 2022 BroadBand Security, Inc., Annual General Meeting, Sep 16, 2022. Reported Earnings • Aug 14
Full year 2022 earnings released: EPS: JP¥79.82 (vs JP¥31.08 in FY 2021) Full year 2022 results: EPS: JP¥79.82 (up from JP¥31.08 in FY 2021). Revenue: JP¥5.22b (up 20% from FY 2021). Net income: JP¥352.0m (up 191% from FY 2021). Profit margin: 6.7% (up from 2.8% 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 16% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Ankündigung • Jul 08
BroadBand Security, Inc. to Report Fiscal Year 2022 Results on Aug 12, 2022 BroadBand Security, Inc. announced that they will report fiscal year 2022 results on Aug 12, 2022 Upcoming Dividend • Jun 22
Inaugural dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 21 September 2022. This is the first dividend for BroadBand Security since going public. The average dividend yield among industry peers is 1.7%. Buying Opportunity • May 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 9.2%. The fair value is estimated to be JP¥1,531, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% over the last 3 years. Earnings per share has grown by 22%. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 7 non-independent directors. VP & Representative Director Masato Morisawa was the last 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. Ankündigung • Apr 08
BroadBand Security, Inc. to Report Q3, 2022 Results on May 13, 2022 BroadBand Security, Inc. announced that they will report Q3, 2022 results on May 13, 2022 Buying Opportunity • Feb 17
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be JP¥1,478, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.3% per annum over the last 3 years. Earnings per share has grown by 22% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥1,114, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 44% over the past three years. Reported Earnings • Feb 14
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: JP¥29.84 (up from JP¥24.14 in 2Q 2021). Revenue: JP¥1.40b (up 22% from 2Q 2021). Net income: JP¥132.0m (up 40% from 2Q 2021). Profit margin: 9.4% (up from 8.2% in 2Q 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 22% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 22
Inaugural dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 08 March 2022. The company is not currently making a profit but it is cash flow positive. This is the first dividend for BroadBand Security since going public. The average dividend yield among industry peers is 1.3%. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥1,230, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 19x in the IT industry in Japan. Total loss to shareholders of 29% over the past three years. Reported Earnings • Nov 16
First quarter 2022 earnings released: EPS JP¥3.59 (vs JP¥2.32 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥1.15b (up 23% from 1Q 2021). Net income: JP¥16.0m (up JP¥25.0m from 1Q 2021). Profit margin: 1.4% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improved over the past week After last week's 29% share price gain to JP¥1,844, the stock trades at a trailing P/E ratio of 59.3x. Average trailing P/E is 23x in the IT industry in Japan. Total loss to shareholders of 26% over the past year. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,433, the stock trades at a trailing P/E ratio of 46.1x. Average trailing P/E is 21x in the IT industry in Japan. Total loss to shareholders of 45% over the past year. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥1,089, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 23x in the IT industry in Japan. Total loss to shareholders of 57% over the past year. Upcoming Dividend • Jun 23
Inaugural dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 18 September 2021. This is the first dividend for BroadBand Security since going public. The average dividend yield among industry peers is 1.3%. Reported Earnings • May 16
Third quarter 2021 earnings released: EPS JP¥22.97 (vs JP¥37.67 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: JP¥1.22b (flat on 3Q 2020). Net income: JP¥97.0m (down 35% from 3Q 2020). Profit margin: 8.0% (down from 12% in 3Q 2020). Ankündigung • Mar 17
BroadBand Security, Inc. to Report Q3, 2021 Results on May 14, 2021 BroadBand Security, Inc. announced that they will report Q3, 2021 results on May 14, 2021 Is New 90 Day High Low • Feb 17
New 90-day high: JP¥2,470 The company is up 4.0% from its price of JP¥2,365 on 19 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 11% over the same period. Reported Earnings • Feb 14
Second quarter 2021 earnings released: EPS JP¥24.14 (vs JP¥14.31 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥1.15b (up 7.8% from 2Q 2020). Net income: JP¥94.0m (up 65% from 2Q 2020). Profit margin: 8.2% (up from 5.4% in 2Q 2020). The increase in margin was driven by higher revenue. Ankündigung • Dec 30
BroadBand Security, Inc. to Report Q2, 2021 Results on Feb 12, 2021 BroadBand Security, Inc. announced that they will report Q2, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Dec 07
New 90-day low: JP¥2,257 The company is down 11% from its price of JP¥2,525 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 IT industry, which is up 9.0% over the same period. Reported Earnings • Nov 22
First quarter 2021 earnings released: JP¥2.32 loss per share The company reported a solid first quarter result with reduced losses and improved revenues and control over expenses. First quarter 2021 results: Revenue: JP¥940.0m (up 1.5% from 1Q 2020). Net loss: JP¥9.00m (loss narrowed 10.0% from 1Q 2020). Valuation Update With 7 Day Price Move • Nov 20
Market pulls back on stock over the past week After last week's 16% share price decline to JP¥2,360, the stock is trading at a trailing P/E ratio of 42.4x, down from the previous P/E ratio of 50.5x. This compares to an average P/E of 28x in the IT industry in Japan. Total returns to shareholders over the past year are 51%. Is New 90 Day High Low • Nov 17
New 90-day low: JP¥2,274 The company is down 14% from its price of JP¥2,639 on 19 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 IT industry, which is up 5.0% over the same period. Reported Earnings • Nov 15
First quarter 2021 earnings released: JP¥2.32 loss per share The company reported a solid first quarter result with reduced losses and improved revenues and control over expenses. First quarter 2021 results: Revenue: JP¥940.0m (up 1.5% from 1Q 2020). Net loss: JP¥9.00m (loss narrowed 10.0% from 1Q 2020). Is New 90 Day High Low • Oct 09
New 90-day high: JP¥3,125 The company is up 11% from its price of JP¥2,818 on 10 July 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 10.0% over the same period. 