Reported Earnings • May 13
Full year 2026 earnings released: EPS: JP¥24.23 (vs JP¥9.16 in FY 2025) Full year 2026 results: EPS: JP¥24.23 (up from JP¥9.16 in FY 2025). Revenue: JP¥2.35b (up 11% from FY 2025). Net income: JP¥109.0m (up 154% from FY 2025). Profit margin: 4.6% (up from 2.0% in FY 2025). The increase in margin was driven by higher 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 2% per year, which means it has not declined as severely as earnings. Annonce • May 12
Ecomic Co., Ltd, Annual General Meeting, Jun 25, 2026 Ecomic Co., Ltd, Annual General Meeting, Jun 25, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: JP¥39.63 (vs JP¥44.11 in 3Q 2025) Third quarter 2026 results: EPS: JP¥39.63 (down from JP¥44.11 in 3Q 2025). Revenue: JP¥1.19b (up 12% from 3Q 2025). Net income: JP¥186.0m (down 10% from 3Q 2025). Profit margin: 16% (down from 20% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annonce • Dec 23
Ecomic Co., Ltd to Report Q3, 2026 Results on Feb 03, 2026 Ecomic Co., Ltd announced that they will report Q3, 2026 results on Feb 03, 2026 Annonce • Dec 04
Ecomic Co., Ltd (TSE:3802) announces an Equity Buyback for 1,263,100 shares, representing 26.91% for ¥543.13 million. Ecomic Co., Ltd (TSE:3802) announces a share repurchase program. Under the offer the company will repurchase up to 1,263,100 shares, representing 26.91% of its issued share capital (excluding treasury stock), for a total purchase price of ¥543.133 million. The shares will be repurchases at a price of ¥430 per share. The purpose of the program is to implement a flexible capital policies. The offer will valid till January 13, 2026. As of December 3, 2025, the company had 4,693,200 issued shares. Reported Earnings • Nov 14
Second quarter 2026 earnings released: JP¥16.41 loss per share (vs JP¥24.08 loss in 2Q 2025) Second quarter 2026 results: JP¥16.41 loss per share (improved from JP¥24.08 loss in 2Q 2025). Revenue: JP¥316.0m (up 11% from 2Q 2025). Net loss: JP¥77.0m (loss narrowed 32% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 37% 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. Annonce • Sep 11
Ecomic Co., Ltd to Report Q2, 2026 Results on Nov 11, 2025 Ecomic Co., Ltd announced that they will report Q2, 2026 results on Nov 11, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: JP¥11.29 loss per share (vs JP¥13.00 loss in 1Q 2025) First quarter 2026 results: JP¥11.29 loss per share (improved from JP¥13.00 loss in 1Q 2025). Revenue: JP¥361.0m (up 9.4% from 1Q 2025). Net loss: JP¥53.0m (loss narrowed 13% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. New Risk • Jul 09
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: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 217% Cash payout ratio: 244% Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (JP¥2.22b market cap, or US$15.1m). Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥542, the stock trades at a trailing P/E ratio of 59.2x. Average trailing P/E is 16x in the Professional Services industry in Japan. Total returns to shareholders of 26% over the past three years. Annonce • Jun 27
Ecomic Co., Ltd to Report Q1, 2026 Results on Aug 07, 2025 Ecomic Co., Ltd announced that they will report Q1, 2026 results on Aug 07, 2025 New Risk • May 17
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 217% Cash payout ratio: 225% Dividend yield: 2.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 217% Cash payout ratio: 225% Minor Risks Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (JP¥2.17b market cap, or US$14.9m). Reported Earnings • May 14
Full year 2025 earnings released: EPS: JP¥9.16 (vs JP¥32.83 in FY 2024) Full year 2025 results: EPS: JP¥9.16 (down from JP¥32.83 in FY 2024). Revenue: JP¥2.12b (down 1.6% from FY 2024). Net income: JP¥43.0m (down 66% from FY 2024). Profit margin: 2.0% (down from 5.9% in FY 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Annonce • May 12
Ecomic Co., Ltd, Annual General Meeting, Jun 25, 2025 Ecomic Co., Ltd, Annual General Meeting, Jun 25, 2025. Annonce • Mar 28
Ecomic Co., Ltd to Report Fiscal Year 2025 Results on May 12, 2025 Ecomic Co., Ltd announced that they will report fiscal year 2025 results on May 12, 2025 New Risk • Mar 24
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 5.3% 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 Dividend is not well covered by earnings (217% payout ratio). Share price has been volatile over the past 3 months (5.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.2% net profit margin). Market cap is less than US$100m (JP¥2.66b market cap, or US$17.8m). Upcoming Dividend • Mar 21
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.1%). Buy Or Sell Opportunity • Mar 17
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 34% to JP¥528. The fair value is estimated to be JP¥440, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last 3 years. Earnings per share has declined by 15%. Annonce • Feb 20
Ecomic Co., Ltd (TSE:3802) agreed to acquire HR One Enterprise Management Consulting (Shanghai) Co., Ltd. from HR One Corporation Ecomic Co., Ltd (TSE:3802) agreed to acquire HR One Enterprise Management Consulting (Shanghai) Co., Ltd. from HR One Corporation on February 18, 2025.
The expected completion of the transaction is February 19, 2025. Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥44.11 (vs JP¥66.56 in 3Q 2024) Third quarter 2025 results: EPS: JP¥44.11 (down from JP¥66.56 in 3Q 2024). Revenue: JP¥1.06b (flat on 3Q 2024). Net income: JP¥207.0m (down 19% from 3Q 2024). Profit margin: 20% (down from 24% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥466, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 15x in the Professional Services industry in Japan. Total returns to shareholders of 11% over the past three years. Annonce • Dec 20
Ecomic Co., Ltd to Report Q3, 2025 Results on Feb 12, 2025 Ecomic Co., Ltd announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: JP¥24.08 loss per share (vs JP¥23.01 loss in 2Q 2024) Second quarter 2025 results: JP¥24.08 loss per share (further deteriorated from JP¥23.01 loss in 2Q 2024). Revenue: JP¥286.0m (down 9.5% from 2Q 2024). Net loss: JP¥113.0m (loss widened 28% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.6% to JP¥415. The fair value is estimated to be JP¥528, 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 15%. Buy Or Sell Opportunity • Oct 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.7% to JP¥421. The fair value is estimated to be JP¥527, 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 15%. Annonce • Sep 27
Ecomic Co., Ltd to Report Q2, 2025 Results on Nov 08, 2024 Ecomic Co., Ltd announced that they will report Q2, 2025 results on Nov 08, 2024 New Risk • Aug 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.6% Last year net profit margin: 7.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (4.6% net profit margin). Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (JP¥1.94b market cap, or US$13.2m). Reported Earnings • Aug 11
First quarter 2025 earnings released: JP¥13.00 loss per share (vs JP¥8.39 loss in 1Q 2024) First quarter 2025 results: JP¥13.00 loss per share (further deteriorated from JP¥8.39 loss in 1Q 2024). Revenue: JP¥330.0m (down 6.8% from 1Q 2024). Net loss: JP¥61.0m (loss widened 91% from 1Q 2024). 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. Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: JP¥32.83 (vs JP¥44.63 in FY 2023) Full year 2024 results: EPS: JP¥32.83 (down from JP¥44.63 in FY 2023). Revenue: JP¥2.16b (down 2.7% from FY 2023). Net income: JP¥127.0m (down 25% from FY 2023). Profit margin: 5.9% (down from 7.7% in FY 2023). 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 9% per year, which means it is significantly lagging earnings. Annonce • Jun 28
Ecomic Co., Ltd to Report Q1, 2025 Results on Aug 07, 2024 Ecomic Co., Ltd announced that they will report Q1, 2025 results on Aug 07, 2024 Buy Or Sell Opportunity • May 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to JP¥444. The fair value is estimated to be JP¥555, 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 21%. Annonce • May 15
Ecomic Co., Ltd, Annual General Meeting, Jun 21, 2024 Ecomic Co., Ltd, Annual General Meeting, Jun 21, 2024. Reported Earnings • May 13
Full year 2024 earnings released: EPS: JP¥32.83 (vs JP¥44.63 in FY 2023) Full year 2024 results: EPS: JP¥32.83 (down from JP¥44.63 in FY 2023). Revenue: JP¥2.16b (down 2.7% from FY 2023). Net income: JP¥127.0m (down 25% from FY 2023). Profit margin: 5.9% (down from 7.7% in FY 2023). 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 6% per year, which means it is significantly lagging earnings. Annonce • Mar 21
Ecomic Co., Ltd to Report Fiscal Year 2024 Results on May 10, 2024 Ecomic Co., Ltd announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.1%). Annonce • Mar 19
Ecomic Co., Ltd has completed a Follow-on Equity Offering in the amount of ¥363 million. Ecomic Co., Ltd has completed a Follow-on Equity Offering in the amount of ¥363 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 750,000
Price\Range: ¥484
Discount Per Security: ¥30.42 New Risk • Mar 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% 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 (20% increase in shares outstanding). Market cap is less than US$100m (JP¥2.19b market cap, or US$14.9m). Buy Or Sell Opportunity • Mar 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.4% to JP¥486. The fair value is estimated to be JP¥609, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 24%. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥66.56 (vs JP¥58.44 in 3Q 2023) Third quarter 2024 results: EPS: JP¥66.56 (up from JP¥58.44 in 3Q 2023). Revenue: JP¥1.07b (up 6.1% from 3Q 2023). Net income: JP¥255.0m (up 14% from 3Q 2023). Profit margin: 24% (up from 22% 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 24% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annonce • Dec 10
Ecomic Co., Ltd to Report Q3, 2024 Results on Feb 08, 2024 Ecomic Co., Ltd announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: JP¥23.01 loss per share (vs JP¥18.91 loss in 2Q 2023) Second quarter 2024 results: JP¥23.01 loss per share (further deteriorated from JP¥18.91 loss in 2Q 2023). Revenue: JP¥316.0m (down 6.5% from 2Q 2023). Net loss: JP¥88.0m (loss widened 22% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annonce • Sep 17
Ecomic Co., Ltd to Report Q2, 2024 Results on Nov 09, 2023 Ecomic Co., Ltd announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 04
First quarter 2024 earnings released: JP¥8.39 loss per share (vs JP¥8.43 loss in 1Q 2023) First quarter 2024 results: JP¥8.39 loss per share (improved from JP¥8.43 loss in 1Q 2023). Revenue: JP¥354.0m (up 4.4% from 1Q 2023). Net loss: JP¥32.0m (flat on 1Q 2023). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • Jun 29
Ecomic Co., Ltd to Report Q1, 2024 Results on Aug 03, 2023 Ecomic Co., Ltd announced that they will report Q1, 2024 results on Aug 03, 2023 Annonce • May 12
Ecomic Co., Ltd, Annual General Meeting, Jun 23, 2023 Ecomic Co., Ltd, Annual General Meeting, Jun 23, 2023. Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥44.63 (vs JP¥29.82 in FY 2022) Full year 2023 results: EPS: JP¥44.63 (up from JP¥29.82 in FY 2022). Revenue: JP¥2.22b (up 26% from FY 2022). Net income: JP¥170.0m (up 50% from FY 2022). Profit margin: 7.7% (up from 6.4% 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 12% per year whereas the company’s share price has increased by 8% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.4%). Reported Earnings • Feb 04
Third quarter 2023 earnings released: EPS: JP¥58.44 (vs JP¥50.30 in 3Q 2022) Third quarter 2023 results: EPS: JP¥58.44 (up from JP¥50.30 in 3Q 2022). Revenue: JP¥1.01b (up 11% from 3Q 2022). Net income: JP¥223.0m (up 17% from 3Q 2022). Profit margin: 22% (up from 21% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Annonce • Dec 17
Ecomic Co., Ltd to Report Q3, 2023 Results on Feb 06, 2023 Ecomic Co., Ltd announced that they will report Q3, 2023 results on Feb 06, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. No independent directors (3 non-independent directors). Manager of Sales Department & Director Kimihiko Ikegaki was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 09
Second quarter 2023 earnings released: JP¥18.91 loss per share (vs JP¥15.30 loss in 2Q 2022) Second quarter 2023 results: JP¥18.91 loss per share (further deteriorated from JP¥15.30 loss in 2Q 2022). Revenue: JP¥338.0m (up 52% from 2Q 2022). Net loss: JP¥72.0m (loss widened 24% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Annonce • Sep 17
Ecomic Co., Ltd to Report Q2, 2023 Results on Nov 07, 2022 Ecomic Co., Ltd announced that they will report Q2, 2023 results on Nov 07, 2022 Reported Earnings • Aug 08
First quarter 2023 earnings released: JP¥8.43 loss per share (vs JP¥5.30 loss in 1Q 2022) First quarter 2023 results: JP¥8.43 loss per share (down from JP¥5.30 loss in 1Q 2022). Revenue: JP¥339.0m (up 33% from 1Q 2022). Net loss: JP¥32.0m (loss widened 60% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Annonce • Jun 30
Ecomic Co., Ltd to Report Q1, 2023 Results on Aug 05, 2022 Ecomic Co., Ltd announced that they will report Q1, 2023 results on Aug 05, 2022 Annonce • May 12
Ecomic Co., Ltd, Annual General Meeting, Jun 24, 2022 Ecomic Co., Ltd, Annual General Meeting, Jun 24, 2022. Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥29.82 (vs JP¥27.15 in FY 2021) Full year 2022 results: EPS: JP¥29.82 (up from JP¥27.15 in FY 2021). Revenue: JP¥1.76b (up 11% from FY 2021). Net income: JP¥113.0m (up 12% from FY 2021). Profit margin: 6.4% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 5% per year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. No independent directors (3 non-independent directors). Manager of Sales Department & Director Kimihiko Ikegaki was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annonce • Apr 19
Ecomic Co., Ltd (TSE:3802) singed a share transfer agreement to acquire a 90.6% stake in BiZright Technology Inc. from Hiromi Tanaka. Ecomic Co., Ltd (TSE:3802) singed a share transfer agreement to acquire a 90.6% stake in BiZright Technology Inc. from Hiromi Tanaka on April 18, 2022. As part of the transaction, Ecomic will acquire 586,040 shares representing 90.6% voting rights in BiZright Technology. Bizlite Technology will become a consolidated subsidiary of Ecomic from the first quarter of the fiscal year ending March 2023. The transaction is resolved by the board of Ecomic and planned to complete on April 30, 2022. Annonce • Apr 08
Ecomic Co., Ltd to Report Fiscal Year 2022 Results on May 10, 2022 Ecomic Co., Ltd announced that they will report fiscal year 2022 results on May 10, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (0.9%). Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥50.30 (up from JP¥29.24 in 3Q 2021). Revenue: JP¥915.0m (up 17% from 3Q 2021). Net income: JP¥191.0m (up 74% from 3Q 2021). Profit margin: 21% (up from 14% 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 fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Nov 07
Second quarter 2022 earnings released: JP¥15.30 loss per share (vs JP¥8.24 loss in 2Q 2021) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥223.0m (up 2.3% from 2Q 2021). Net loss: JP¥58.0m (loss widened 87% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Aug 10
First quarter 2022 earnings released: JP¥5.30 loss per share (vs JP¥1.95 loss in 1Q 2021) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: JP¥255.0m (up 1.6% from 1Q 2021). Net loss: JP¥20.0m (loss widened 186% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥54.31 (vs JP¥30.52 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: JP¥1.58b (up 21% from FY 2020). Net income: JP¥101.0m (up 3.1% from FY 2020). Profit margin: 6.4% (down from 7.5% in FY 2020). The decrease in margin was driven by higher expenses. 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 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (0.7%). Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS JP¥58.49 (vs JP¥50.45 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥781.0m (up 44% from 3Q 2020). Net income: JP¥110.0m (up 36% from 3Q 2020). Profit margin: 14% (in line with 3Q 2020). 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 9% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 04
New 90-day high: JP¥1,144 The company is up 6.0% from its price of JP¥1,083 on 06 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 11% over the same period. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,144, the stock is trading at a trailing P/E ratio of 30.3x, up from the previous P/E ratio of 26.2x. This compares to an average P/E of 23x in the Professional Services industry in Japan. Total returns to shareholders over the past three years are 33%. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥855 The company is down 21% from its price of JP¥1,080 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 Professional Services industry, which is up 4.0% over the same period. Annonce • Dec 20
Ecomic Co., Ltd to Report Q3, 2021 Results on Feb 05, 2021 Ecomic Co., Ltd announced that they will report Q3, 2021 results on Feb 05, 2021 Is New 90 Day High Low • Dec 04
New 90-day low: JP¥865 The company is down 14% from its price of JP¥1,001 on 04 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 Professional Services industry, which is up 9.0% over the same period. Reported Earnings • Nov 18
Second quarter 2021 earnings released: JP¥16.48 loss per share The company reported a soft second quarter result with increased losses and weaker control over expenses, although revenues were improved. Second quarter 2021 results: Revenue: JP¥218.0m (up 5.8% from 2Q 2020). Net loss: JP¥31.0m (loss widened 210% from 2Q 2020). 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 2% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Nov 17
New 90-day low: JP¥984 The company is down 7.0% from its price of JP¥1,055 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 Professional Services industry, which is up 21% over the same period. Reported Earnings • Nov 09
Second quarter 2021 earnings released: JP¥16.48 loss per share The company reported a soft second quarter result with increased losses and weaker control over expenses, although revenues were improved. Second quarter 2021 results: Revenue: JP¥218.0m (up 5.8% from 2Q 2020). Net loss: JP¥31.0m (loss widened 210% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Annonce • Sep 04
Ecomic Co., Ltd to Report Q2, 2021 Results on Nov 11, 2020 Ecomic Co., Ltd announced that they will report Q2, 2021 results on Nov 11, 2020 Annonce • Jun 21
Ecomic Co., Ltd to Report Q1, 2021 Results on Aug 06, 2020 Ecomic Co., Ltd announced that they will report Q1, 2021 results on Aug 06, 2020