Reported Earnings • 1h
Full year 2026 earnings released: EPS: JP¥98.94 (vs JP¥53.03 in FY 2025) Full year 2026 results: EPS: JP¥98.94 (up from JP¥53.03 in FY 2025). Revenue: JP¥7.59b (up 22% from FY 2025). Net income: JP¥522.0m (up 83% from FY 2025). Profit margin: 6.9% (up from 4.6% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • Jun 19
Aisan Technology Co.,Ltd., Annual General Meeting, Jun 23, 2026 Aisan Technology Co.,Ltd., Annual General Meeting, Jun 23, 2026. New Risk • Jun 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.6% 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 (9.6% average weekly change). Minor Risk Market cap is less than US$100m (JP¥10.3b market cap, or US$64.3m). Valuation Update With 7 Day Price Move • Jun 09
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,951, the stock trades at a trailing P/E ratio of 24.4x. Average trailing P/E is 17x in the Software industry in Japan. Total loss to shareholders of 8.5% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.3%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥16.66 (vs JP¥14.99 in 3Q 2025) Third quarter 2026 results: EPS: JP¥16.66 (up from JP¥14.99 in 3Q 2025). Revenue: JP¥1.70b (up 19% from 3Q 2025). Net income: JP¥88.0m (up 8.6% from 3Q 2025). Profit margin: 5.2% (down from 5.7% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥33.56 (vs JP¥7.52 in 2Q 2025) Second quarter 2026 results: EPS: JP¥33.56 (up from JP¥7.52 in 2Q 2025). Revenue: JP¥2.00b (up 55% from 2Q 2025). Net income: JP¥177.0m (up 332% from 2Q 2025). Profit margin: 8.9% (up from 3.2% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,740, the stock trades at a trailing P/E ratio of 32.7x. Average trailing P/E is 22x in the Software industry in Japan. Total returns to shareholders of 14% over the past three years. New Risk • Nov 12
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 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (JP¥8.44b market cap, or US$54.5m). Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥0.05 (vs JP¥1.10 in 1Q 2025) First quarter 2026 results: EPS: JP¥0.05 (down from JP¥1.10 in 1Q 2025). Revenue: JP¥1.11b (down 1.9% from 1Q 2025). Net income: JP¥0 (down JP¥6.00m from profit in 1Q 2025). Profit margin: 0% (down from 0.5% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Jul 04
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥6.97b market cap, or US$48.2m). Reported Earnings • Jun 25
Full year 2025 earnings released: EPS: JP¥53.03 (vs JP¥62.47 in FY 2024) Full year 2025 results: EPS: JP¥53.03 (down from JP¥62.47 in FY 2024). Revenue: JP¥6.22b (up 14% from FY 2024). Net income: JP¥286.0m (down 16% from FY 2024). Profit margin: 4.6% (down from 6.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 11
Full year 2025 earnings released: EPS: JP¥53.03 (vs JP¥62.47 in FY 2024) Full year 2025 results: EPS: JP¥53.03 (down from JP¥62.47 in FY 2024). Revenue: JP¥6.22b (up 14% from FY 2024). Net income: JP¥286.0m (down 16% from FY 2024). Profit margin: 4.6% (down from 6.2% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annonce • May 09
Aisan Technology Co.,Ltd., Annual General Meeting, Jun 24, 2025 Aisan Technology Co.,Ltd., Annual General Meeting, Jun 24, 2025. Annonce • Apr 09
Aisan Technology Co.,Ltd. to Report Fiscal Year 2025 Results on May 09, 2025 Aisan Technology Co.,Ltd. announced that they will report fiscal year 2025 results on May 09, 2025 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥1,135, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 18x in the Software industry in Japan. Total loss to shareholders of 34% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 26% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.6%). Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥14.99 (vs JP¥2.02 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥14.99 (up from JP¥2.02 loss in 3Q 2024). Revenue: JP¥1.43b (up 35% from 3Q 2024). Net income: JP¥81.0m (up JP¥92.0m from 3Q 2024). Profit margin: 5.7% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,592, the stock trades at a trailing P/E ratio of 26.8x. Average trailing P/E is 22x in the Software industry in Japan. Total returns to shareholders of 21% over the past three years. Buy Or Sell Opportunity • Dec 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 54% to JP¥1,781. The fair value is estimated to be JP¥1,471, however this is not to be taken as a sell 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 27%. New Risk • Dec 06
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 7.2% 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 Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (JP¥9.39b market cap, or US$62.4m). Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,448, the stock trades at a trailing P/E ratio of 24.6x. Average trailing P/E is 22x in the Software industry in Japan. Total returns to shareholders of 12% over the past three years. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,269, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 22x in the Software industry in Japan. Total loss to shareholders of 13% over the past three years. Annonce • Nov 14
Aisan Technology Co.,Ltd. (TSE:4667) announces an Equity Buyback for 300,000 shares, representing 5.5% for ¥300 million. Aisan Technology Co.,Ltd. (TSE:4667) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 5.50% of the outstanding shares for ¥300 million. The purpose of the program is to return profits to shareholders and implement agile capital policies by improving capital efficiency. The program will run until July 31, 2025. As of October 31, 2024, the company had 5,457,057 shares outstanding and 91,922 shares in treasury. New Risk • Nov 08
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Earnings have declined by 0.2% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥6.02b market cap, or US$39.4m). Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: JP¥1.10 (vs JP¥1.10 in 1Q 2024) First quarter 2025 results: EPS: JP¥1.10 (down from JP¥1.10 in 1Q 2024). Revenue: JP¥1.13b (up 29% from 1Q 2024). Net income: JP¥6.00m (flat on 1Q 2024). Profit margin: 0.5% (down from 0.7% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. New Risk • Aug 05
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 Risks Earnings have declined by 2.9% per year over the past 5 years. High level of non-cash earnings (42% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥7.02b market cap, or US$47.9m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to JP¥989, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 20x in the Software industry in Japan. Total loss to shareholders of 39% over the past three years. Reported Earnings • May 12
Full year 2024 earnings released: EPS: JP¥62.46 (vs JP¥44.13 in FY 2023) Full year 2024 results: EPS: JP¥62.46 (up from JP¥44.13 in FY 2023). Revenue: JP¥5.48b (up 23% from FY 2023). Net income: JP¥340.0m (up 42% from FY 2023). Profit margin: 6.2% (up from 5.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Annonce • May 12
Aisan Technology Co.,Ltd., Annual General Meeting, Jun 25, 2024 Aisan Technology Co.,Ltd., Annual General Meeting, Jun 25, 2024. Annonce • Mar 28
Aisan Technology Co.,Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Aisan Technology Co.,Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.3%). Reported Earnings • Feb 09
Third quarter 2024 earnings released: JP¥2.02 loss per share (vs JP¥2.76 loss in 3Q 2023) Third quarter 2024 results: JP¥2.02 loss per share (improved from JP¥2.76 loss in 3Q 2023). Revenue: JP¥1.06b (up 7.5% from 3Q 2023). Net loss: JP¥11.0m (loss narrowed 27% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 09
Second quarter 2024 earnings released: EPS: JP¥11.02 (vs JP¥1.84 in 2Q 2023) Second quarter 2024 results: EPS: JP¥11.02 (up from JP¥1.84 in 2Q 2023). Revenue: JP¥1.19b (up 33% from 2Q 2023). Net income: JP¥60.0m (up JP¥50.0m from 2Q 2023). Profit margin: 5.0% (up from 1.1% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year. New Risk • Oct 06
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 5.2% 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 Earnings have declined by 7.2% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (JP¥9.34b market cap, or US$62.9m). Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: JP¥1.10 (vs JP¥5.52 in 1Q 2023) First quarter 2024 results: EPS: JP¥1.10 (down from JP¥5.52 in 1Q 2023). Revenue: JP¥881.0m (up 2.0% from 1Q 2023). Net income: JP¥6.00m (down 80% from 1Q 2023). Profit margin: 0.7% (down from 3.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Annonce • May 13
Aisan Technology Co.,Ltd., Annual General Meeting, Jun 27, 2023 Aisan Technology Co.,Ltd., Annual General Meeting, Jun 27, 2023. Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥44.13 (vs JP¥36.68 in FY 2022) Full year 2023 results: EPS: JP¥44.13 (up from JP¥36.68 in FY 2022). Revenue: JP¥4.46b (up 6.5% from FY 2022). Net income: JP¥240.0m (up 18% from FY 2022). Profit margin: 5.4% (up from 4.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 11
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,061, the stock trades at a trailing P/E ratio of 75.3x. Average trailing P/E is 24x in the Software industry in Japan. Total returns to shareholders of 46% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: JP¥2.76 loss per share (vs JP¥2.88 loss in 3Q 2022) Third quarter 2023 results: JP¥2.76 loss per share (improved from JP¥2.88 loss in 3Q 2022). Revenue: JP¥986.0m (up 8.8% from 3Q 2022). Net loss: JP¥15.0m (loss narrowed 6.2% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 27% 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. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,753, the stock trades at a trailing P/E ratio of 64.4x. Average trailing P/E is 22x in the Software industry in Japan. Total loss to shareholders of 21% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Outside Director Yasushi Umeda 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. Reported Earnings • Nov 11
Second quarter 2023 earnings released: EPS: JP¥1.84 (vs JP¥0.36 in 2Q 2022) Second quarter 2023 results: EPS: JP¥1.84 (up from JP¥0.36 in 2Q 2022). Revenue: JP¥896.0m (down 6.4% from 2Q 2022). Net income: JP¥10.0m (up 400% from 2Q 2022). Profit margin: 1.1% (up from 0.2% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,679, the stock trades at a trailing P/E ratio of 65.2x. Average trailing P/E is 24x in the Software industry in Japan. Total loss to shareholders of 18% over the past three years. Buying Opportunity • Oct 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be JP¥1,779, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 18%. Buying Opportunity • Aug 08
Now 20% undervalued Over the last 90 days, the stock is up 4.4%. The fair value is estimated to be JP¥2,015, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 18%. Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥5.52 (vs JP¥16.78 in 1Q 2022) First quarter 2023 results: EPS: JP¥5.52 (down from JP¥16.78 in 1Q 2022). Revenue: JP¥864.0m (down 14% from 1Q 2022). Net income: JP¥30.0m (down 68% from 1Q 2022). Profit margin: 3.5% (down from 9.3% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Reported Earnings • May 13
Full year 2022 earnings released: EPS: JP¥36.68 (vs JP¥32.66 in FY 2021) Full year 2022 results: EPS: JP¥36.68 (up from JP¥32.66 in FY 2021). Revenue: JP¥4.19b (up 17% from FY 2021). Net income: JP¥203.0m (up 12% from FY 2021). Profit margin: 4.8% (down from 5.0% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year. Annonce • May 13
Aisan Technology Co.,Ltd., Annual General Meeting, Jun 28, 2022 Aisan Technology Co.,Ltd., Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent Outside Director Yasushi Umeda 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. Annonce • Apr 08
Aisan Technology Co.,Ltd. to Report Fiscal Year 2022 Results on May 11, 2022 Aisan Technology Co.,Ltd. announced that they will report fiscal year 2022 results on May 11, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 23 June 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.8%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥2.88 loss per share (down from JP¥1.62 profit in 3Q 2021). Revenue: JP¥906.0m (down 14% from 3Q 2021). Net loss: JP¥16.0m (down 278% from profit in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 8% per year and the company’s share price has also fallen by 8% per year. 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¥1,560, the stock trades at a trailing P/E ratio of 42.4x. Average trailing P/E is 22x in the Software industry in Japan. Total loss to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 29% share price gain to JP¥1,663, the stock trades at a trailing P/E ratio of 45.2x. Average trailing P/E is 22x in the Software industry in Japan. Total loss to shareholders of 22% over the past three years. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥0.36 (vs JP¥4.51 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥957.0m (up 15% from 2Q 2021). Net income: JP¥2.00m (down 92% from 2Q 2021). Profit margin: 0.2% (down from 3.0% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS JP¥16.78 (vs JP¥8.48 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥1.00b (up 23% from 1Q 2021). Net income: JP¥93.0m (up 98% from 1Q 2021). Profit margin: 9.3% (up from 5.8% in 1Q 2021). 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 but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS JP¥32.66 (vs JP¥60.09 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥3.59b (down 17% from FY 2020). Net income: JP¥181.0m (down 46% from FY 2020). Profit margin: 5.0% (down from 7.7% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • May 19
Full year 2021 earnings released: EPS JP¥32.66 (vs JP¥60.09 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥3.59b (down 17% from FY 2020). Net income: JP¥181.0m (down 46% from FY 2020). Profit margin: 5.0% (down from 7.7% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥2,070, the stock trades at a trailing P/E ratio of 50.3x. Average trailing P/E is 38x in the Software industry in Japan. Total loss to shareholders of 27% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 24 June 2021. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.3%). Is New 90 Day High Low • Mar 09
New 90-day high: JP¥1,730 The company is up 9.0% from its price of JP¥1,592 on 09 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 5.0% over the same period. Annonce • Mar 04
Aisan Technology Co.,Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 Aisan Technology Co.,Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥1.62 (vs JP¥2.71 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥1.05b (up 23% from 3Q 2020). Net income: JP¥9.00m (down 40% from 3Q 2020). Profit margin: 0.9% (down from 1.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Jan 13
New 90-day high: JP¥1,694 The company is up 7.0% from its price of JP¥1,580 on 15 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: JP¥1,399 The company is down 13% from its price of JP¥1,616 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: JP¥1,688 The company is up 5.0% from its price of JP¥1,608 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is up 2.0% over the same period. Reported Earnings • Nov 16
Second quarter 2021 earnings released: EPS JP¥4.51 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥830.0m (down 30% from 2Q 2020). Net income: JP¥25.0m (down 76% from 2Q 2020). Profit margin: 3.0% (down from 8.9% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Oct 27
New 90-day low: JP¥1,546 The company is down 5.0% from its price of JP¥1,630 on 29 July 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 2.0% over the same period. Annonce • Sep 04
Aisan Technology Co., Ltd. to Report Q2, 2021 Results on Nov 13, 2020 Aisan Technology Co., Ltd. announced that they will report Q2, 2021 results on Nov 13, 2020