Reported Earnings • May 13
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: JP¥81.00 (up from JP¥70.93 in FY 2025). Revenue: JP¥20.8b (up 7.0% from FY 2025). Net income: JP¥791.0m (up 14% from FY 2025). Profit margin: 3.8% (up from 3.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) also missed analyst estimates by 11%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Annonce • May 12
NexTone Inc., Annual General Meeting, Jun 25, 2026 NexTone Inc., Annual General Meeting, Jun 25, 2026. Annonce • May 10
NexTone Inc. to Report Fiscal Year 2026 Results on May 12, 2026 NexTone Inc. announced that they will report fiscal year 2026 results on May 12, 2026 New Risk • Mar 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.4b (US$97.7m) 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. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥19.66 (vs JP¥13.52 in 3Q 2025) Third quarter 2026 results: EPS: JP¥19.66 (up from JP¥13.52 in 3Q 2025). Revenue: JP¥5.04b (up 4.2% from 3Q 2025). Net income: JP¥192.0m (up 46% from 3Q 2025). Profit margin: 3.8% (up from 2.7% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. New Risk • Dec 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.5b (US$99.7m) 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 (8.2% average weekly change). Minor Risk Market cap is less than US$100m (JP¥15.5b market cap, or US$99.7m). Annonce • Nov 29
NexTone Inc. to Report Q3, 2026 Results on Feb 12, 2026 NexTone Inc. announced that they will report Q3, 2026 results on Feb 12, 2026 Major Estimate Revision • Nov 20
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥23.3b to JP¥22.7b. EPS estimate also fell from JP¥127 per share to JP¥111 per share. Net income forecast to grow 67% next year vs 5.5% growth forecast for Entertainment industry in Japan. Consensus price target of JP¥4,200 unchanged from last update. Share price fell 4.7% to JP¥1,652 over the past week. Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: JP¥17.00 (vs JP¥13.12 in 2Q 2025) Second quarter 2026 results: EPS: JP¥17.00 (up from JP¥13.12 in 2Q 2025). Revenue: JP¥4.91b (up 6.7% from 2Q 2025). Net income: JP¥166.0m (up 30% from 2Q 2025). Profit margin: 3.4% (up from 2.8% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. New Risk • Nov 11
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 8.1% 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. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,836, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Entertainment industry in Japan. Total loss to shareholders of 62% over the past three years. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,249, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Entertainment industry in Japan. Total loss to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,456 per share. Annonce • Sep 03
NexTone Inc. to Report Q2, 2026 Results on Nov 11, 2025 NexTone Inc. announced that they will report Q2, 2026 results on Nov 11, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥21.52 (vs JP¥16.93 in 1Q 2025) First quarter 2026 results: EPS: JP¥21.52 (up from JP¥16.93 in 1Q 2025). Revenue: JP¥5.36b (up 11% from 1Q 2025). Net income: JP¥210.0m (up 27% from 1Q 2025). Profit margin: 3.9% (up from 3.4% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jun 17
Consensus EPS estimates increase by 14%, revenue downgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast fell from JP¥24.7b to JP¥23.0b. EPS estimate rose from JP¥108 to JP¥123. Net income forecast to grow 73% next year vs 19% growth forecast for Entertainment industry in Japan. Consensus price target up from JP¥3,500 to JP¥4,200. Share price rose 8.9% to JP¥2,260 over the past week. Price Target Changed • Jun 16
Price target increased by 14% to JP¥4,200 Up from JP¥3,700, the current price target is provided by 1 analyst. New target price is 90% above last closing price of JP¥2,215. Stock is up 55% over the past year. The company is forecast to post earnings per share of JP¥123 for next year compared to JP¥70.93 last year. Annonce • May 31
NexTone Inc. to Report Q1, 2026 Results on Aug 07, 2025 NexTone Inc. announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 15
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥70.93 (up from JP¥54.66 in FY 2024). Revenue: JP¥19.4b (up 45% from FY 2024). Net income: JP¥692.0m (up 30% from FY 2024). Profit margin: 3.6% (down from 4.0% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.6%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Annonce • May 13
NexTone Inc., Annual General Meeting, Jun 25, 2025 NexTone Inc., Annual General Meeting, Jun 25, 2025. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥1,542, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Entertainment industry in Japan. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,022, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the Entertainment industry in Japan. Total loss to shareholders of 67% over the past three years. Annonce • Mar 06
NexTone Inc. to Report Fiscal Year 2025 Results on May 13, 2025 NexTone Inc. announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥13.52 (vs JP¥10.81 in 3Q 2024) Third quarter 2025 results: EPS: JP¥13.52 (up from JP¥10.81 in 3Q 2024). Revenue: JP¥4.84b (up 12% from 3Q 2024). Net income: JP¥132.0m (up 26% from 3Q 2024). Profit margin: 2.7% (up from 2.4% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,447, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 23x in the Entertainment industry in Japan. Total loss to shareholders of 52% over the past three years. Annonce • Dec 05
NexTone Inc. to Report Q3, 2025 Results on Feb 07, 2025 NexTone Inc. announced that they will report Q3, 2025 results on Feb 07, 2025 New Risk • Nov 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.9b (US$90.2m) 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 (8.1% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (2.9% net profit margin). Market cap is less than US$100m (JP¥13.9b market cap, or US$90.2m). Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥13.12 (vs JP¥15.74 in 2Q 2024) Second quarter 2025 results: EPS: JP¥13.12 (down from JP¥15.74 in 2Q 2024). Revenue: JP¥4.60b (up 109% from 2Q 2024). Net income: JP¥128.0m (down 16% from 2Q 2024). Profit margin: 2.8% (down from 6.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Annonce • Sep 03
NexTone Inc. to Report Q2, 2025 Results on Nov 08, 2024 NexTone Inc. announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: JP¥16.93 (vs JP¥15.03 in 1Q 2024) First quarter 2025 results: EPS: JP¥16.93 (up from JP¥15.03 in 1Q 2024). Revenue: JP¥4.82b (up 116% from 1Q 2024). Net income: JP¥165.0m (up 13% from 1Q 2024). Profit margin: 3.4% (down from 6.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Entertainment 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 fallen by 21% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to JP¥1,138, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Entertainment industry in Japan. Total loss to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥1,651, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 23x in the Entertainment industry in Japan. Total loss to shareholders of 61% over the past three years. Major Estimate Revision • Jun 19
Consensus EPS estimates increase by 24% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥19.3b to JP¥20.5b. EPS estimate increased from JP¥62.10 to JP¥76.90 per share. Net income forecast to grow 41% next year vs 8.6% growth forecast for Entertainment industry in Japan. Consensus price target of JP¥3,700 unchanged from last update. Share price was steady at JP¥1,465 over the past week. Valuation Update With 7 Day Price Move • May 27
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,480, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 20x in the Entertainment industry in Japan. Total loss to shareholders of 56% over the past three years. Reported Earnings • May 18
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥54.66 (down from JP¥65.10 in FY 2023). Revenue: JP¥13.4b (up 52% from FY 2023). Net income: JP¥531.0m (down 16% from FY 2023). Profit margin: 4.0% (down from 7.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 32%. Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 4.5% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Annonce • May 16
NexTone Inc., Annual General Meeting, Jun 25, 2024 NexTone Inc., Annual General Meeting, Jun 25, 2024. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,372, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Entertainment industry in Japan. Total loss to shareholders of 51% over the past three years. Annonce • Mar 02
NexTone Inc. to Report Q4, 2024 Results on May 14, 2024 NexTone Inc. announced that they will report Q4, 2024 results on May 14, 2024 Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,560, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 22x in the Entertainment industry in Japan. Total loss to shareholders of 49% over the past three years. Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥10.81 (vs JP¥14.42 in 3Q 2023) Third quarter 2024 results: EPS: JP¥10.81 (down from JP¥14.42 in 3Q 2023). Revenue: JP¥4.31b (up 90% from 3Q 2023). Net income: JP¥105.0m (down 25% from 3Q 2023). Profit margin: 2.4% (down from 6.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Entertainment industry in Japan. 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 28% per year, which means it is significantly lagging earnings. Board Change • Feb 01
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. 4 non-independent directors. Independent Outside Director Yuko Abe was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,386, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 20x in the Entertainment industry in Japan. Total loss to shareholders of 54% over the past three years. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,207, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the Entertainment industry in Japan. Total loss to shareholders of 49% over the past three years. Major Estimate Revision • Dec 08
Consensus revenue estimates increase by 37%, EPS downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from JP¥10.3b to JP¥14.0b. EPS estimate fell from JP¥72.00 to JP¥43.20. Net income forecast to shrink 28% next year vs 18% growth forecast for Entertainment industry in Japan . Consensus price target down from JP¥3,700 to JP¥3,200. Share price rose 2.3% to JP¥1,041 over the past week. Annonce • Dec 02
NexTone Inc. (TSE:7094) announces an Equity Buyback for 100,000 shares, representing 1.03% for ¥200 million. NexTone Inc. (TSE:7094) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.03% of its issued share capital for ¥200 million. The purpose of the program is to improve shareholder returns and capital efficiency, and implement flexible capital policy in response to changes in the business environment. The program is valid till December 22, 2023. As of September 30, 2023, the company has 9,725,790 shares issued (excluding treasury stock) and 92,610 shares in treasury. Annonce • Nov 27
NexTone Inc. to Report Q3, 2024 Results on Feb 09, 2024 NexTone Inc. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥15.74 (vs JP¥16.00 in 2Q 2023) Second quarter 2024 results: EPS: JP¥15.74 (down from JP¥16.00 in 2Q 2023). Revenue: JP¥2.20b (up 3.2% from 2Q 2023). Net income: JP¥153.0m (down 1.3% from 2Q 2023). Profit margin: 6.9% (down from 7.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,505, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Entertainment industry in Japan. Total loss to shareholders of 52% over the past three years. New Risk • Nov 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.5% average weekly change). Minor Risk Market cap is less than US$100m (JP¥13.9b market cap, or US$92.3m). New Risk • Oct 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.0b (US$94.5m) 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: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (JP¥14.0b market cap, or US$94.5m). Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,492, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the Entertainment industry in Japan. Total loss to shareholders of 56% over the past three years. Annonce • Aug 27
NexTone Inc. to Report Q2, 2024 Results on Nov 10, 2023 NexTone Inc. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥15.03 (vs JP¥6.72 in 1Q 2023) First quarter 2024 results: EPS: JP¥15.03 (up from JP¥6.72 in 1Q 2023). Revenue: JP¥2.23b (up 11% from 1Q 2023). Net income: JP¥146.0m (up 125% from 1Q 2023). Profit margin: 6.5% (up from 3.2% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Entertainment industry in Japan. Buying Opportunity • Jun 26
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be JP¥2,960, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 26%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. 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¥2,451, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 22x in the Entertainment industry in Japan. Total returns to shareholders of 2.3% over the past three years. Major Estimate Revision • Jun 08
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥11.4b to JP¥10.3b. EPS estimate fell from JP¥87.50 to JP¥72.10 per share. Net income forecast to grow 11% next year vs 12% growth forecast for Entertainment industry in Japan. Consensus price target down from JP¥4,900 to JP¥3,700. Share price was steady at JP¥2,180 over the past week. Price Target Changed • Jun 07
Price target decreased by 23% to JP¥3,700 Down from JP¥4,800, the current price target is provided by 1 analyst. New target price is 61% above last closing price of JP¥2,294. Stock is down 34% over the past year. The company is forecast to post earnings per share of JP¥72.10 for next year compared to JP¥65.10 last year. Annonce • Jun 01
NexTone Inc. to Report Q1, 2024 Results on Aug 10, 2023 NexTone Inc. announced that they will report Q1, 2024 results on Aug 10, 2023 Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,186, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 20x in the Entertainment industry in Japan. Total loss to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥2,455, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 20x in the Entertainment industry in Japan. Total loss to shareholders of 1.1% over the past three years. Annonce • May 13
NexTone Inc., Annual General Meeting, Jun 28, 2023 NexTone Inc., Annual General Meeting, Jun 28, 2023. Buying Opportunity • Feb 27
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be JP¥4,788, however this is not to be taken as a buy 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 24%. Revenue is forecast to grow by 68% in 2 years. Earnings is forecast to grow by 112% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥3,895, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 18x in the Entertainment industry in Japan. Total returns to shareholders of 71% over the past year. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥14.46 (vs JP¥11.37 in 3Q 2022) Third quarter 2023 results: EPS: JP¥14.46 (up from JP¥11.37 in 3Q 2022). Revenue: JP¥2.27b (up 7.4% from 3Q 2022). Net income: JP¥140.4m (up 28% from 3Q 2022). Profit margin: 6.2% (up from 5.2% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Entertainment industry in Japan. Annonce • Feb 11
NexTone Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023 NexTone Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects net sales of JPY 9,560 million, operating profit of JPY 890 million, profit attributable to owners of parent of JPY 540 million and basic earnings per share of JPY 56.00. Buying Opportunity • Dec 08
Now 21% undervalued Over the last 90 days, the stock is up 9.0%. The fair value is estimated to be JP¥5,370, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last year. Earnings per share has grown by 11%. Revenue is forecast to grow by 74% in 2 years. Earnings is forecast to grow by 107% in the next 2 years. Annonce • Nov 27
NexTone Inc. to Report Q3, 2023 Results on Feb 10, 2023 NexTone Inc. announced that they will report Q3, 2023 results on Feb 10, 2023 Buying Opportunity • Nov 16
Now 20% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be JP¥5,866, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last year. Earnings per share has grown by 11%. Revenue is forecast to grow by 74% in 2 years. Earnings is forecast to grow by 106% in the next 2 years. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥16.00 (vs JP¥11.11 in 2Q 2022) Second quarter 2023 results: EPS: JP¥16.00 (up from JP¥11.11 in 2Q 2022). Revenue: JP¥2.13b (up 22% from 2Q 2022). Net income: JP¥155.0m (up 45% from 2Q 2022). Profit margin: 7.3% (up from 6.1% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Entertainment industry in Japan. Annonce • Nov 12
NexTone Inc. Provides Earning Guidance for the Year Ending March 31, 2023 NexTone Inc. provided earning guidance for the year ending March 31, 2023. For the period, the company expects net sales of JPY 9,560 million, operating profit of JPY 890 million, ordinary profit of JPY 890 million, profit attributable to owners of parent of JPY 540 million and basic earnings per share of JPY 56.00. Annonce • Aug 28
NexTone Inc. to Report Q2, 2023 Results on Nov 11, 2022 NexTone Inc. announced that they will report Q2, 2023 results on Nov 11, 2022 Annonce • Aug 12
NexTone Inc. Provides Earnings Guidance for the Year Ending March 31, 2023 NexTone Inc. provided earnings guidance for the year ending March 31, 2023. For the year, the company expected Net sales to be JPY 9,560 Million; Operating profit to be JPY 890 Million; Profit attributable to owners of parent to be JPY 540 Million and Basic earnings per share to be JPY 56.00. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥6.72 (vs JP¥10.37 in 1Q 2022) First quarter 2023 results: EPS: JP¥6.72 (down from JP¥10.37 in 1Q 2022). Revenue: JP¥2.01b (up 19% from 1Q 2022). Net income: JP¥65.0m (down 34% from 1Q 2022). Profit margin: 3.2% (down from 5.8% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 31%, compared to a 11% growth forecast for the industry in Japan. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥3,555, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 19x in the Entertainment industry in Japan. Total loss to shareholders of 7.1% over the past year. Annonce • May 29
NexTone Inc. to Report Q1, 2023 Results on Aug 10, 2022 NexTone Inc. announced that they will report Q1, 2023 results on Aug 10, 2022 Major Estimate Revision • May 25
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 revenue forecast fell from JP¥9.90b to JP¥9.56b. EPS estimate rose from JP¥51.40 to JP¥58.95. Net income forecast to grow 29% next year vs 5.7% growth forecast for Entertainment industry in Japan. Consensus price target up from JP¥4,700 to JP¥4,800. Share price fell 5.3% to JP¥3,465 over the past week. Price Target Changed • May 24
Price target increased to JP¥4,800 Up from JP¥4,400, the current price target is provided by 1 analyst. New target price is 42% above last closing price of JP¥3,370. Stock is up 12% over the past year. The company is forecast to post earnings per share of JP¥45.20 for next year compared to JP¥40.60 last year. Annonce • May 21
Nextone Inc. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023 NexTone Inc. provided consolidated earnings guidance for the year ending March 31, 2023. For the year, the company expects net sales of JPY 9,560 million, operating profit of JPY 890 million, profit attributable to owners of parent of JPY 540 million or JPY 56.00 per share. Annonce • May 15
NexTone Inc., Annual General Meeting, Jun 28, 2022 NexTone Inc., Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 6 non-independent directors. Full-time Auditor Yoshio Hirabayashi was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 08
NexTone Inc. to Report Fiscal Year 2022 Results on May 13, 2022 NexTone Inc. announced that they will report fiscal year 2022 results on May 13, 2022 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 22% share price gain to JP¥3,150, the stock trades at a forward P/E ratio of 63x. Average forward P/E is 18x in the Entertainment industry in Japan. Total loss to shareholders of 4.5% over the past year. Annonce • Feb 25
NexTone Inc. (TSE:7094) announces an Equity Buyback for 100,000 shares, representing 1.03% for ¥350 million. NexTone Inc. (TSE:7094) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.03% of its issued share capital for ¥350 million. The purpose of the program is to enable agile capital policy in response to changes in the business environment. The program is valid till March 24, 2022. As of December 31, 2021, the company has 9,732,000 shares issued (excluding treasury stock) and 0 shares in treasury. Annonce • Feb 21
NexTone Inc. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2022 NexTone Inc. provided consolidated earnings guidance for the year ending March 31, 2022. For the year, the company expects net sales of JPY 7,970 million, operating profit of JPY 730 million, profit attributable to owners of parent of JPY 460 million or JPY 49.68 per share. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥2,468, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 17x in the Entertainment industry in Japan. Total loss to shareholders of 27% over the past year. Reported Earnings • Feb 10
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: JP¥11.37 (down from JP¥13.64 in 3Q 2021). Revenue: JP¥2.11b (up 13% from 3Q 2021). Net income: JP¥110.0m (down 13% from 3Q 2021). Profit margin: 5.2% (down from 6.8% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 36%, compared to a 5.7% growth forecast for the industry in Japan. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥3,140, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 17x in the Entertainment industry in Japan. Total returns to shareholders of 5.8% over the past year. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥11.11 (vs JP¥13.64 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥1.75b (down 6.2% from 2Q 2021). Net income: JP¥107.0m (down 15% from 2Q 2021). Profit margin: 6.1% (down from 6.8% in 2Q 2021). The decrease in margin was driven by lower revenue. Reported Earnings • Jun 30
Full year 2021 earnings released: EPS JP¥40.61 (vs JP¥23.50 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥6.12b (up 41% from FY 2020). Net income: JP¥376.0m (up 97% from FY 2020). Profit margin: 6.1% (up from 4.4% in FY 2020). The increase in margin was driven by higher revenue. Annonce • Mar 04
NexTone Inc. to Report Fiscal Year 2021 Results on May 14, 2021 NexTone Inc. announced that they will report fiscal year 2021 results on May 14, 2021 Is New 90 Day High Low • Feb 12
New 90-day high: JP¥3,370 The company is up 22% from its price of JP¥2,773 on 13 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Entertainment industry, which is also up 22% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥6,010 The company is down 34% from its price of JP¥9,150 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 Entertainment industry, which is up 10.0% over the same period.