Declared Dividend • Jul 14
First half dividend of JP¥41.00 announced Shareholders will receive a dividend of JP¥41.00. Ex-date: 29th October 2026 Payment date: 13th January 2027 Dividend yield will be 4.0%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 51% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Anuncio • Jul 12
ASIRO Inc. to Report Q3, 2026 Results on Sep 11, 2026 ASIRO Inc. announced that they will report Q3, 2026 results on Sep 11, 2026 Reported Earnings • Mar 13
First quarter 2026 earnings released: EPS: JP¥25.36 (vs JP¥36.82 in 1Q 2025) First quarter 2026 results: EPS: JP¥25.36 (down from JP¥36.82 in 1Q 2025). Revenue: JP¥1.67b (up 5.8% from 1Q 2025). Net income: JP¥183.0m (down 32% from 1Q 2025). Profit margin: 11% (down from 17% 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 78% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,910, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 14x in the Professional Services industry in Japan. Total returns to shareholders of 181% over the past three years. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,564, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 14x in the Professional Services industry in Japan. Total returns to shareholders of 155% over the past three years. Reported Earnings • Dec 16
Full year 2025 earnings released: EPS: JP¥135 (vs JP¥19.60 in FY 2024) Full year 2025 results: EPS: JP¥135 (up from JP¥19.60 in FY 2024). Revenue: JP¥6.65b (up 39% from FY 2024). Net income: JP¥984.0m (up JP¥842.0m from FY 2024). Profit margin: 15% (up from 3.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Anuncio • Oct 28
ASIRO Inc. to Report Fiscal Year 2025 Results on Dec 11, 2025 ASIRO Inc. announced that they will report fiscal year 2025 results on Dec 11, 2025 Valuation Update With 7 Day Price Move • Sep 19
Investor sentiment deteriorates as stock falls 35% After last week's 35% share price decline to JP¥1,533, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 17x in the Professional Services industry in Japan. Total returns to shareholders of 93% over the past three years. New Risk • Sep 16
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 8.4% 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 (8.4% average weekly change). Minor Risk Market cap is less than US$100m (JP¥13.5b market cap, or US$92.0m). Reported Earnings • Sep 15
Third quarter 2025 earnings released: EPS: JP¥29.22 (vs JP¥14.07 in 3Q 2024) Third quarter 2025 results: EPS: JP¥29.22 (up from JP¥14.07 in 3Q 2024). Revenue: JP¥1.70b (up 39% from 3Q 2024). Net income: JP¥213.0m (up 109% from 3Q 2024). Profit margin: 13% (up from 8.3% in 3Q 2024). 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 whereas the company’s share price has increased by 40% per year. Anuncio • Sep 01
ASIRO Inc. to Report Q3, 2025 Results on Sep 12, 2025 ASIRO Inc. announced that they will report Q3, 2025 results on Sep 12, 2025 New Risk • Jun 16
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 9.7% 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. This is currently the only risk that has been identified for the company. New Risk • Apr 29
New major risk - Revenue and earnings growth Earnings have declined by 24% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 24% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$100m (JP¥12.3b market cap, or US$86.7m). Anuncio • Apr 29
ASIRO Inc. to Report Q2, 2025 Results on Jun 13, 2025 ASIRO Inc. announced that they will report Q2, 2025 results on Jun 13, 2025 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥1,344, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 13x in the Professional Services industry in Japan. Total returns to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥1,839, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 14x in the Professional Services industry in Japan. Total returns to shareholders of 122% over the past three years. Reported Earnings • Mar 15
First quarter 2025 earnings released: EPS: JP¥36.82 (vs JP¥17.70 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥36.82 (up from JP¥17.70 loss in 1Q 2024). Revenue: JP¥1.58b (up 64% from 1Q 2024). Net income: JP¥268.0m (up JP¥396.0m from 1Q 2024). Profit margin: 17% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. New Risk • Feb 06
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 39% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risks Paying a dividend despite being loss-making. Large one-off items impacting financial results. Market cap is less than US$100m (JP¥12.6b market cap, or US$82.8m). Anuncio • Jan 29
ASIRO Inc. to Report Q1, 2025 Results on Mar 14, 2025 ASIRO Inc. announced that they will report Q1, 2025 results on Mar 14, 2025 New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risk Market cap is less than US$100m (JP¥12.5b market cap, or US$79.1m). Reported Earnings • Dec 16
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥19.60 (up from JP¥1.64 loss in FY 2023). Revenue: JP¥4.80b (up 50% from FY 2023). Net income: JP¥142.0m (up JP¥154.0m from FY 2023). Profit margin: 3.0% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Anuncio • Dec 13
ASIRO Inc., Annual General Meeting, Jan 28, 2025 ASIRO Inc., Annual General Meeting, Jan 28, 2025. Buy Or Sell Opportunity • Nov 18
Now 21% undervalued Over the last 90 days, the stock has risen 25% to JP¥1,036. The fair value is estimated to be JP¥1,308, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Oct 30
Now 20% undervalued Over the last 90 days, the stock has risen 29% to JP¥1,043. The fair value is estimated to be JP¥1,308, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Sep 30
Now 22% undervalued Over the last 90 days, the stock has risen 26% to JP¥1,013. The fair value is estimated to be JP¥1,304, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Sep 17
Third quarter 2024 earnings released: EPS: JP¥14.07 (vs JP¥1.52 in 3Q 2023) Third quarter 2024 results: EPS: JP¥14.07 (up from JP¥1.52 in 3Q 2023). Revenue: JP¥1.23b (up 44% from 3Q 2023). Net income: JP¥102.0m (up JP¥91.0m from 3Q 2023). Profit margin: 8.3% (up from 1.3% in 3Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. 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 6.6% 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 Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (JP¥4.45b market cap, or US$31.3m). Anuncio • Jul 30
ASIRO Inc. to Report Q3, 2024 Results on Sep 13, 2024 ASIRO Inc. announced that they will report Q3, 2024 results on Sep 13, 2024 Reported Earnings • Jun 16
Second quarter 2024 earnings released: EPS: JP¥0.55 (vs JP¥2.92 in 2Q 2023) Second quarter 2024 results: EPS: JP¥0.55 (down from JP¥2.92 in 2Q 2023). Revenue: JP¥1.16b (up 45% from 2Q 2023). Net income: JP¥4.00m (down 81% from 2Q 2023). Profit margin: 0.3% (down from 2.6% in 2Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in Japan. Anuncio • Mar 31
ASIRO Inc. to Report Q2, 2024 Results on Jun 14, 2024 ASIRO Inc. announced that they will report Q2, 2024 results on Jun 14, 2024 Reported Earnings • Mar 17
First quarter 2024 earnings released: JP¥17.70 loss per share (vs JP¥5.82 profit in 1Q 2023) First quarter 2024 results: JP¥17.70 loss per share (down from JP¥5.82 profit in 1Q 2023). Revenue: JP¥966.0m (up 41% from 1Q 2023). Net loss: JP¥128.0m (down 391% from profit in 1Q 2023). Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Professional Services industry in Japan. Anuncio • Jan 28
ASIRO Inc. to Report Q1, 2024 Results on Mar 15, 2024 ASIRO Inc. announced that they will report Q1, 2024 results on Mar 15, 2024 Reported Earnings • Dec 15
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: JP¥1.64 loss per share (down from JP¥49.94 profit in FY 2022). Revenue: JP¥3.20b (up 45% from FY 2022). Net loss: JP¥12.0m (down 103% from profit in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 8.0% growth forecast for the Professional Services industry in Japan. Anuncio • Nov 03
ASIRO Inc. to Report Q4, 2023 Results on Dec 14, 2023 ASIRO Inc. announced that they will report Q4, 2023 results on Dec 14, 2023 Upcoming Dividend • Oct 23
Upcoming dividend of JP¥13.61 per share at 1.9% yield Eligible shareholders must have bought the stock before 30 October 2023. Payment date: 31 January 2024. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.4%). Reported Earnings • Sep 17
Third quarter 2023 earnings released: EPS: JP¥1.66 (vs JP¥11.33 in 3Q 2022) Third quarter 2023 results: EPS: JP¥1.66 (down from JP¥11.33 in 3Q 2022). Revenue: JP¥852.0m (up 50% from 3Q 2022). Net income: JP¥12.0m (down 84% from 3Q 2022). Profit margin: 1.4% (down from 13% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Professional Services industry in Japan. Anuncio • Jul 29
ASIRO Inc. to Report Q3, 2023 Results on Sep 14, 2023 ASIRO Inc. announced that they will report Q3, 2023 results on Sep 14, 2023 Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥907, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 16% over the past year. Reported Earnings • Jun 16
Second quarter 2023 earnings released: EPS: JP¥2.88 (vs JP¥16.11 in 2Q 2022) Second quarter 2023 results: EPS: JP¥2.88 (down from JP¥16.11 in 2Q 2022). Revenue: JP¥800.0m (up 50% from 2Q 2022). Net income: JP¥21.0m (down 81% from 2Q 2022). Profit margin: 2.6% (down from 20% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Professional Services industry in Japan. Anuncio • Jun 15
ASIRO Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending October 31, 2023 ASIRO Inc. provided Consolidated earnings guidance for the fiscal year Ending October 31, 2023. For the period, the company expects, revenue to be JPY 3,167 million, operating profit to be JPY 80 million, profit to be JPY 7 million, profit attributable to owners of the parent to be JPY 33 million, basic earnings per share to be JPY 4.29. Reported Earnings • Mar 18
First quarter 2023 earnings released: EPS: JP¥5.82 (vs JP¥14.27 in 1Q 2022) First quarter 2023 results: EPS: JP¥5.82 (down from JP¥14.27 in 1Q 2022). Revenue: JP¥686.0m (up 41% from 1Q 2022). Net income: JP¥44.0m (down 55% from 1Q 2022). Profit margin: 6.4% (down from 20% in 1Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Feb 02
Full year 2022 earnings released: EPS: JP¥49.94 (vs JP¥36.55 in FY 2021) Full year 2022 results: EPS: JP¥49.94 (up from JP¥36.55 in FY 2021). Revenue: JP¥2.20b (up 42% from FY 2021). Net income: JP¥343.0m (up 50% from FY 2021). Profit margin: 16% (in line with FY 2021). Anuncio • Jan 28
ASIRO Inc. to Report Q1, 2023 Results on Mar 17, 2023 ASIRO Inc. announced that they will report Q1, 2023 results on Mar 17, 2023 Anuncio • Dec 24
ASIRO Inc. (TSE:7378) announces an Equity Buyback for 525,000 shares, representing 6.76% for ¥300 million. ASIRO Inc. (TSE:7378) announces a share repurchase program. Under the program, the company will repurchase up to 525,000 shares of common stock, representing 6.76% of its issued capital for ¥300 million. The purpose of the program is to enhance shareholder return and to improve capital efficiency. The share repurchase program is valid until June 30, 2023. As of October 31, 2022, the company had 7,768,768 shares outstanding excluding treasury shares and 135,629 shares in treasury. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorated over the past week After last week's 29% share price decline to JP¥636, the stock trades at a trailing P/E ratio of 14.1x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total loss to shareholders of 11% over the past year. Reported Earnings • Dec 16
Full year 2022 earnings released: EPS: JP¥50.03 (vs JP¥36.55 in FY 2021) Full year 2022 results: EPS: JP¥50.03 (up from JP¥36.55 in FY 2021). Revenue: JP¥2.20b (up 42% from FY 2021). Net income: JP¥343.6m (up 51% from FY 2021). Profit margin: 16% (in line with FY 2021). Anuncio • Dec 15
ASIRO Inc., Annual General Meeting, Jan 30, 2023 ASIRO Inc., Annual General Meeting, Jan 30, 2023. Anuncio • Oct 28
ASIRO Inc. to Report Fiscal Year 2022 Results on Dec 15, 2022 ASIRO Inc. announced that they will report fiscal year 2022 results on Dec 15, 2022 Reported Earnings • Sep 15
Third quarter 2022 earnings released: EPS: JP¥11.48 (vs JP¥8.49 in 3Q 2021) Third quarter 2022 results: EPS: JP¥11.48 (up from JP¥8.49 in 3Q 2021). Revenue: JP¥567.0m (up 32% from 3Q 2021). Net income: JP¥77.0m (up 33% from 3Q 2021). Profit margin: 14% (in line with 3Q 2021). Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥959, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 17% over the past year. Anuncio • Jul 10
ASIRO Inc. to Report Q3, 2022 Results on Sep 14, 2022 ASIRO Inc. announced that they will report Q3, 2022 results on Sep 14, 2022 Reported Earnings • Jun 16
Second quarter 2022 earnings released Second quarter 2022 results: EPS: JP¥16.11. Revenue: JP¥536.0m (flat on 2Q 2021). Net income: JP¥108.0m (up JP¥108.0m from 2Q 2021). Profit margin: 20% (up from null in 2Q 2021). Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥829, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 16x in the Professional Services industry in Japan. Anuncio • Jun 15
ASIRO Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending October 31, 2022 ASIRO Inc. provided consolidated earnings guidance for the fiscal year ending October 31, 2022. For the year, the company expects revenue of JPY 1,861 million, operating profit of JPY 406 million, profit of JPY 276 million and basic earnings per share of JPY 40.39. Buying Opportunity • Jun 02
Now 20% undervalued Over the last 90 days, the stock is up 63%. The fair value is estimated to be JP¥1,215, 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 year. Earnings per share has grown by 21%. Anuncio • Apr 08
ASIRO Inc. to Report Q2, 2022 Results on Jun 14, 2022 ASIRO Inc. announced that they will report Q2, 2022 results on Jun 14, 2022 Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥648, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 18x in the Professional Services industry in Japan. Reported Earnings • Feb 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥36.55 (up from JP¥34.50 in FY 2020). Revenue: JP¥1.55b (up 5.0% from FY 2020). Net income: JP¥228.0m (up 10% from FY 2020). Profit margin: 15% (in line with FY 2020). Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥620, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 20x in the Professional Services industry in Japan. Anuncio • Dec 24
ASIRO Inc. (TSE:7378) announces an Equity Buyback for 165,000 shares, representing 2.42% for ¥100 million. ASIRO Inc. (TSE:7378) announces a share repurchase program. Under the program, the company will repurchase up to 165,000 shares of common stock, representing 2.42% of its issued capital for ¥100 million. The purpose of the program is to enhance shareholder return and to improve capital efficiency. The share repurchase program is valid until February 28, 2022. As of October 31, 2021, the company had 6,829,000 shares outstanding excluding treasury shares. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥713, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 24x in the Professional Services industry in Japan. Valuation Update With 7 Day Price Move • Sep 16
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥750, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 26x in the Professional Services industry in Japan. Anuncio • Sep 15
ASIRO Inc. (TSE:7378) entered into an letter of intent to acquire additional 62.3% stake in Kailashh Co., Ltd. ASIRO Inc. (TSE:7378) entered into an letter of intent to acquire additional 62.3% stake in Kailashh Co., Ltd on September 14, 2021. In the acquisition, ASIRO Inc. (TSE:7378) will acquire 2480 shares of Kailashh Co., Ltd. The transaction is subjected to proceeding with due diligence. The expected date of signing the agreement is December 15, 2021. The transaction is expected to close on January 31, 2022.