New Risk • 20h
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 108% Dividend yield: 3.9% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings 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. However, this risk is mitigated by the fact the dividend is covered by cash flows. 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: Minor Risks Dividend is not well covered by earnings (108% payout ratio). Share price has been volatile over the past 3 months (8.6% average weekly change). New Risk • Jun 30
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 8.7% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to JP¥1,393, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 120% over the past three years. Annonce • Jun 21
Sharingtechnology, Inc. to Report Q3, 2026 Results on Aug 14, 2026 Sharingtechnology, Inc. announced that they will report Q3, 2026 results on Aug 14, 2026 Reported Earnings • May 20
Second quarter 2026 earnings released: EPS: JP¥12.70 (vs JP¥11.57 in 2Q 2025) Second quarter 2026 results: EPS: JP¥12.70 (up from JP¥11.57 in 2Q 2025). Revenue: JP¥2.05b (up 13% from 2Q 2025). Net income: JP¥304.0m (up 13% from 2Q 2025). Profit margin: 15% (in line with 2Q 2025). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 14
First quarter 2026 earnings released: EPS: JP¥15.25 (vs JP¥13.94 in 1Q 2025) First quarter 2026 results: EPS: JP¥15.25 (up from JP¥13.94 in 1Q 2025). Revenue: JP¥2.28b (up 17% from 1Q 2025). Net income: JP¥365.0m (up 13% from 1Q 2025). Profit margin: 16% (in line with 1Q 2025). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 14
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to JP¥1,200. The fair value is estimated to be JP¥995, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Buy Or Sell Opportunity • Dec 29
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to JP¥1,201. The fair value is estimated to be JP¥1,000, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Dec 25
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: JP¥60.29 (down from JP¥64.15 in FY 2024). Revenue: JP¥8.58b (up 14% from FY 2024). Net income: JP¥1.41b (down 3.7% from FY 2024). Profit margin: 17% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Dec 20
Sharingtechnology, Inc. to Report Q1, 2026 Results on Feb 13, 2026 Sharingtechnology, Inc. announced that they will report Q1, 2026 results on Feb 13, 2026 Buy Or Sell Opportunity • Dec 12
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥1,202. The fair value is estimated to be JP¥1,001, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Nov 18
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: JP¥60.29 (down from JP¥64.15 in FY 2024). Revenue: JP¥8.58b (up 14% from FY 2024). Net income: JP¥1.41b (down 3.7% from FY 2024). Profit margin: 17% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Nov 17
Now 21% overvalued Over the last 90 days, the stock has fallen 11% to JP¥1,038. The fair value is estimated to be JP¥858, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Annonce • Nov 14
Sharingtechnology, Inc., Annual General Meeting, Dec 22, 2025 Sharingtechnology, Inc., Annual General Meeting, Dec 22, 2025. Annonce • Oct 04
Sharingtechnology, Inc. to Report Fiscal Year 2025 Results on Nov 14, 2025 Sharingtechnology, Inc. announced that they will report fiscal year 2025 results on Nov 14, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 09 December 2025. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Buy Or Sell Opportunity • Sep 11
Now 21% overvalued Over the last 90 days, the stock has fallen 2.6% to JP¥1,067. The fair value is estimated to be JP¥880, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Buy Or Sell Opportunity • Aug 18
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at JP¥1,102. The fair value is estimated to be JP¥904, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 23% in the next 2 years. Reported Earnings • Aug 15
Third quarter 2025 earnings released: EPS: JP¥15.55 (vs JP¥18.28 in 3Q 2024) Third quarter 2025 results: EPS: JP¥15.55 (down from JP¥18.28 in 3Q 2024). Revenue: JP¥2.28b (up 13% from 3Q 2024). Net income: JP¥364.0m (down 14% from 3Q 2024). Profit margin: 16% (down from 21% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 02
Sharingtechnology, Inc. to Report Q3, 2025 Results on Aug 14, 2025 Sharingtechnology, Inc. announced that they will report Q3, 2025 results on Aug 14, 2025 Valuation Update With 7 Day Price Move • May 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,039, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 501% over the past three years. Reported Earnings • May 20
Second quarter 2025 earnings released: EPS: JP¥11.57 (vs JP¥14.33 in 2Q 2024) Second quarter 2025 results: EPS: JP¥11.57 (down from JP¥14.33 in 2Q 2024). Revenue: JP¥1.82b (up 20% from 2Q 2024). Net income: JP¥268.0m (down 18% from 2Q 2024). Profit margin: 15% (down from 22% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has increased by 90% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Apr 02
Sharingtechnology, Inc. to Report Q2, 2025 Results on May 15, 2025 Sharingtechnology, Inc. announced that they will report Q2, 2025 results on May 15, 2025 Reported Earnings • Feb 17
First quarter 2025 earnings released: EPS: JP¥13.94 (vs JP¥11.34 in 1Q 2024) First quarter 2025 results: EPS: JP¥13.94 (up from JP¥11.34 in 1Q 2024). Revenue: JP¥1.94b (up 12% from 1Q 2024). Net income: JP¥324.0m (up 27% from 1Q 2024). Profit margin: 17% (up from 15% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has increased by 101% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jan 17
Sharingtechnology, Inc. to Report Q1, 2025 Results on Feb 14, 2025 Sharingtechnology, Inc. announced that they will report Q1, 2025 results on Feb 14, 2025 Reported Earnings • Dec 28
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥64.15 (up from JP¥60.40 in FY 2023). Revenue: JP¥7.50b (up 21% from FY 2023). Net income: JP¥1.47b (up 11% from FY 2023). Profit margin: 20% (down from 21% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has increased by 97% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥924, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 515% over the past three years. Annonce • Nov 15
Sharingtechnology, Inc. (TSE:3989) announces an Equity Buyback for 700,000 shares, representing 3.01% for ¥500 million. Sharingtechnology, Inc. (TSE:3989) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 3.01% of its issued share capital (excluding treasury stock) for ¥500 million. The purpose of the program is to improve capital efficiency, increase shareholder value per share, and enhance profit returns to shareholders. The program will be valid till November 13, 2025. Annonce • Nov 14
Sharingtechnology, Inc., Annual General Meeting, Dec 23, 2024 Sharingtechnology, Inc., Annual General Meeting, Dec 23, 2024. New Risk • Nov 07
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 8.3% 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 (8.3% average weekly change). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Annonce • Oct 09
Sharingtechnology, Inc. to Report Q4, 2024 Results on Nov 14, 2024 Sharingtechnology, Inc. announced that they will report Q4, 2024 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Aug 28
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥826, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 22x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 270% over the past three years. Reported Earnings • Aug 18
Third quarter 2024 earnings released: EPS: JP¥18.28 (vs JP¥20.24 in 3Q 2023) Third quarter 2024 results: EPS: JP¥18.28 (down from JP¥20.24 in 3Q 2023). Revenue: JP¥2.02b (up 17% from 3Q 2023). Net income: JP¥421.0m (down 5.2% from 3Q 2023). Profit margin: 21% (down from 26% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥552, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 18x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 141% over the past three years. Annonce • Jun 29
Sharingtechnology, Inc. to Report Q3, 2024 Results on Aug 13, 2024 Sharingtechnology, Inc. announced that they will report Q3, 2024 results on Aug 13, 2024 Reported Earnings • May 20
Second quarter 2024 earnings released: EPS: JP¥14.33 (vs JP¥16.74 in 2Q 2023) Second quarter 2024 results: EPS: JP¥14.33 (down from JP¥16.74 in 2Q 2023). Revenue: JP¥1.51b (up 19% from 2Q 2023). Net income: JP¥326.0m (down 9.9% from 2Q 2023). Profit margin: 22% (down from 28% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Annonce • Apr 10
Sharingtechnology, Inc. to Report Q2, 2024 Results on May 15, 2024 Sharingtechnology, Inc. announced that they will report Q2, 2024 results on May 15, 2024 Annonce • Jan 18
Sharingtechnology, Inc. to Report Q1, 2024 Results on Feb 14, 2024 Sharingtechnology, Inc. announced that they will report Q1, 2024 results on Feb 14, 2024 Reported Earnings • Nov 20
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥60.40 (up from JP¥21.85 in FY 2022). Revenue: JP¥6.23b (up 41% from FY 2022). Net income: JP¥1.32b (up 180% from FY 2022). Profit margin: 21% (up from 11% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 5.4%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Annonce • Nov 17
Sharingtechnology, Inc., Annual General Meeting, Dec 22, 2023 Sharingtechnology, Inc., Annual General Meeting, Dec 22, 2023. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥703, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 20x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 103% over the past three years. Annonce • Sep 24
Sharingtechnology, Inc. to Report Fiscal Year 2023 Results on Nov 14, 2023 Sharingtechnology, Inc. announced that they will report fiscal year 2023 results on Nov 14, 2023 New Risk • Aug 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.9% 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: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. High level of non-cash earnings (44% accrual ratio). Minor Risk Shareholders have been diluted in the past year (2.9% increase in shares outstanding). New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risks Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. High level of non-cash earnings (44% accrual ratio). Reported Earnings • Aug 16
Third quarter 2023 earnings released: EPS: JP¥20.28 (vs JP¥4.68 in 3Q 2022) Third quarter 2023 results: EPS: JP¥20.28 (up from JP¥4.68 in 3Q 2022). Revenue: JP¥1.73b (up 47% from 3Q 2022). Net income: JP¥445.0m (up 341% from 3Q 2022). Profit margin: 26% (up from 8.6% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥644, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 55% over the past three years. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥613, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 22x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 52% over the past three years. New Risk • Jul 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.3b (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risk Market cap is less than US$100m (JP¥14.3b market cap, or US$99.2m). Annonce • Jun 23
Sharingtechnology, Inc. to Report Q3, 2023 Results on Aug 14, 2023 Sharingtechnology, Inc. announced that they will report Q3, 2023 results on Aug 14, 2023 Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥684, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 22x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 109% over the past three years. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥572, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 21x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 79% over the past three years. Reported Earnings • May 20
Second quarter 2023 earnings released: EPS: JP¥16.74 (vs JP¥2.41 in 2Q 2022) Second quarter 2023 results: EPS: JP¥16.74 (up from JP¥2.41 in 2Q 2022). Revenue: JP¥1.28b (up 38% from 2Q 2022). Net income: JP¥362.0m (up JP¥310.0m from 2Q 2022). Profit margin: 28% (up from 5.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥376, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 31% over the past three years. Reported Earnings • Feb 18
First quarter 2023 earnings released: EPS: JP¥12.91 (vs JP¥3.06 in 1Q 2022) First quarter 2023 results: EPS: JP¥12.91 (up from JP¥3.06 in 1Q 2022). Revenue: JP¥1.29b (up 27% from 1Q 2022). Net income: JP¥279.0m (up 323% from 1Q 2022). Profit margin: 22% (up from 6.5% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Buying Opportunity • Feb 18
Now 21% undervalued Over the last 90 days, the stock is up 30%. The fair value is estimated to be JP¥440, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to decline by 17% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥340, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 7.4% over the past three years. Annonce • Feb 10
Sharingtechnology, Inc. to Report Q2, 2023 Results on May 15, 2023 Sharingtechnology, Inc. announced that they will report Q2, 2023 results on May 15, 2023 Reported Earnings • Dec 27
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥21.85 (up from JP¥51.82 loss in FY 2021). Revenue: JP¥4.43b (up 25% from FY 2021). Net income: JP¥472.0m (up JP¥1.59b from FY 2021). Profit margin: 11% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 57%. Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥229, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 26x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 54% over the past three years. Annonce • Nov 30
Sharingtechnology, Inc. to Report Q1, 2023 Results on Feb 14, 2023 Sharingtechnology, Inc. announced that they will report Q1, 2023 results on Feb 14, 2023 Reported Earnings • Nov 17
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥21.85 (up from JP¥51.82 loss in FY 2021). Revenue: JP¥4.43b (up 25% from FY 2021). Net income: JP¥472.0m (up JP¥1.59b from FY 2021). Profit margin: 11% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 57%. Revenue is forecast to grow 10.0% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 20% per year. Annonce • Nov 16
Sharingtechnology, Inc., Annual General Meeting, Dec 22, 2022 Sharingtechnology, Inc., Annual General Meeting, Dec 22, 2022. 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. 5 non-independent directors. Independent Outside Director Hiroo Asai was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Sep 04
Sharingtechnology, Inc. to Report Fiscal Year 2022 Results on Nov 14, 2022 Sharingtechnology, Inc. announced that they will report fiscal year 2022 results on Nov 14, 2022 Reported Earnings • Aug 17
Third quarter 2022 earnings released: EPS: JP¥4.72 (vs JP¥5.60 loss in 3Q 2021) Third quarter 2022 results: EPS: JP¥4.72 (up from JP¥5.60 loss in 3Q 2021). Revenue: JP¥1.18b (up 31% from 3Q 2021). Net income: JP¥102.0m (up JP¥223.0m from 3Q 2021). Profit margin: 8.7% (up from net loss in 3Q 2021). Over the next year, revenue is forecast to grow 10%, compared to a 12% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 29% 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. Annonce • Jun 05
Sharingtechnology, Inc. to Report Q3, 2022 Results on Aug 15, 2022 Sharingtechnology, Inc. announced that they will report Q3, 2022 results on Aug 15, 2022 Reported Earnings • May 16
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: EPS: JP¥2.41 (up from JP¥1.95 loss in 2Q 2021). Revenue: JP¥925.0m (up 25% from 2Q 2021). Net income: JP¥52.0m (up JP¥94.0m from 2Q 2021). Profit margin: 5.6% (up from net loss in 2Q 2021). Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 13%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings. 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. 5 non-independent directors. Independent Outside Director Hiroo Asai was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 08
Sharingtechnology, Inc. to Report Q2, 2022 Results on May 12, 2022 Sharingtechnology, Inc. announced that they will report Q2, 2022 results on May 12, 2022 Reported Earnings • Feb 17
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: JP¥3.06 (up from JP¥0.28 loss in 1Q 2021). Revenue: JP¥1.02b (up 19% from 1Q 2021). Net income: JP¥66.0m (up JP¥72.0m from 1Q 2021). Profit margin: 6.5% (up from net loss in 1Q 2021). Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 12%, compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has fallen by 54% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 15
Full year 2021 earnings released: JP¥51.82 loss per share (vs JP¥17.51 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥3.53b (down 11% from FY 2020). Net loss: JP¥1.12b (down 434% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has fallen by 59% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment deteriorated over the past week After last week's 23% share price decline to JP¥176, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 38x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 90% over the past three years. Is New 90 Day High Low • Mar 05
New 90-day low: JP¥224 The company is down 21% from its price of JP¥282 on 04 December 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is down 2.0% over the same period. Annonce • Feb 28
Sharingtechnology, Inc. to Report Q2, 2021 Results on May 14, 2021 Sharingtechnology, Inc. announced that they will report Q2, 2021 results on May 14, 2021 Reported Earnings • Feb 17
First quarter 2021 earnings released: JP¥0.28 loss per share (vs JP¥1.21 loss in 1Q 2020) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2021 results: Revenue: JP¥854.0m (down 47% from 1Q 2020). Net loss: JP¥6.00m (loss narrowed 73% from 1Q 2020). Analyst Estimate Surprise Post Earnings • Feb 17
Revenue and earnings miss expectations Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 11%. Over the next year, revenue is forecast to grow 40%, compared to a 12% growth forecast for the Interactive Media and Services industry in Japan. Is New 90 Day High Low • Jan 26
New 90-day low: JP¥228 The company is down 43% from its price of JP¥397 on 28 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is down 4.0% over the same period. Annonce • Dec 31
Sharingtechnology, Inc. to Report Q1, 2021 Results on Feb 15, 2021 Sharingtechnology, Inc. announced that they will report Q1, 2021 results on Feb 15, 2021 Is New 90 Day High Low • Dec 22
New 90-day low: JP¥245 The company is down 42% from its price of JP¥425 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 Interactive Media and Services industry, which is down 5.0% over the same period. Valuation Update With 7 Day Price Move • Dec 10
Market pulls back on stock over the past week After last week's 16% share price decline to JP¥246, the stock is trading at a trailing P/E ratio of 14.1x, down from the previous P/E ratio of 16.7x. This compares to an average P/E of 45x in the Interactive Media and Services industry in Japan. Total return to shareholders over the past three years is a loss of 75%. Is New 90 Day High Low • Dec 01
New 90-day low: JP¥287 The company is down 30% from its price of JP¥408 on 02 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 Interactive Media and Services industry, which is down 2.0% over the same period. Annonce • Nov 15
Sharingtechnology, Inc., Annual General Meeting, Dec 22, 2020 Sharingtechnology, Inc., Annual General Meeting, Dec 22, 2020. Annonce • Sep 25
Sharingtechnology, Inc. to Report Fiscal Year 2020 Results on Nov 13, 2020 Sharingtechnology, Inc. announced that they will report fiscal year 2020 results on Nov 13, 2020 Annonce • Aug 08
Makoto Kanda, President and Representative Director of Re-abroad signed a share transfer agreement to acquire Re-abroad Inc. from Sharingtechnology, Inc. (TSE:3989) in management buyout transaction. Makoto Kanda, President and Representative Director of Re-abroad Inc., signed a share transfer agreement to acquire Re-abroad Inc. from Sharingtechnology, Inc. (TSE:3989) in management buyout transaction on August 7, 2020. Under the terms of agreement, 14,060 shares of Re-abroad will be acquired. The Board of Directors of Sharingtechnology passed a resolution on the transaction on August 7, 2020. The transaction is expected to be completed at end of August 2020. A loss of approximately ¥4 million is expected to be posted by Sharingtechnology, Inc. as net loss from the sale in the financial statement ending in September 2020. Annonce • Jun 29
Sharingtechnology, Inc. to Report Q3, 2020 Results on Aug 12, 2020 Sharingtechnology, Inc. announced that they will report Q3, 2020 results on Aug 12, 2020