Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥243 (vs JP¥250 in FY 2025) Full year 2026 results: EPS: JP¥243 (down from JP¥250 in FY 2025). Revenue: JP¥37.9b (up 12% from FY 2025). Net income: JP¥2.05b (down 2.4% from FY 2025). Profit margin: 5.4% (down from 6.2% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Annuncio • May 15
AJIS Co., Ltd., Annual General Meeting, Jun 23, 2026 AJIS Co., Ltd., Annual General Meeting, Jun 23, 2026. Annuncio • May 09
AJIS Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 AJIS Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 New Risk • Feb 19
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 5.8% 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 8.4% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (105% cash payout ratio). Share price has been volatile over the past 3 months (5.8% average weekly change). Annuncio • Feb 19
Saito Holdings Y.K. proposed to acquire an additional 65.46% stake in AJIS Co., Ltd. (TSE:4659) from group of shareholders for ¥24.6 billion. Saito Holdings Y.K. proposed to acquire an additional 65.46% stake in AJIS Co., Ltd. (TSE:4659) from group of shareholders for ¥24.6 billion on February 19, 2026. Under the terms of the acquisition, A cash consideration valued at ¥4450 per share will be paid by Saito Holdings Y.K. In conducting the Tender Offer, Saito Holdings Y.K has verbally agreed with Akio Saito, holding 1,015,984 shares, ownership ratio 12.04%, that he will not tender his shares. In addition, on February 19, 2026, Saito Holdings Y.K. has orally agreed with Shigeo Saito, Mihoko Kobayashi and Yasunori Saito that they will each tender all of the AJIS Co., Ltd Shares they hold (total number of shares held: 1,046,740 shares, ownership ratio: 12.40%) in response to the Tender Offer. The tender offer will commence on February 20, 2026 and will close on April 6, 2026.
The transaction is subject to minimum tender of 2,716,600 shares in AJIS Co., Ltd. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to JP¥3,785, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 15x in the Commercial Services industry in Japan. Total returns to shareholders of 80% over the past three years. Reported Earnings • Feb 03
Third quarter 2026 earnings released: EPS: JP¥76.66 (vs JP¥29.65 in 3Q 2025) Third quarter 2026 results: EPS: JP¥76.66 (up from JP¥29.65 in 3Q 2025). Revenue: JP¥9.30b (up 14% from 3Q 2025). Net income: JP¥647.0m (up 159% from 3Q 2025). Profit margin: 7.0% (up from 3.1% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year. New Risk • Nov 06
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 105% Dividend yield: 3.3% 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 11% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (105% cash payout ratio). Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥69.10 (vs JP¥67.26 in 2Q 2025) Second quarter 2026 results: EPS: JP¥69.10 (up from JP¥67.26 in 2Q 2025). Revenue: JP¥9.17b (up 7.0% from 2Q 2025). Net income: JP¥583.0m (up 2.8% from 2Q 2025). Profit margin: 6.4% (down from 6.6% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥28.81 (vs JP¥24.21 in 1Q 2025) First quarter 2026 results: EPS: JP¥28.81 (up from JP¥24.21 in 1Q 2025). Revenue: JP¥8.04b (up 8.0% from 1Q 2025). Net income: JP¥243.0m (up 19% from 1Q 2025). Profit margin: 3.0% (up from 2.7% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: JP¥250 (vs JP¥227 in FY 2024) Full year 2025 results: EPS: JP¥250 (up from JP¥227 in FY 2024). Revenue: JP¥34.0b (up 13% from FY 2024). Net income: JP¥2.10b (up 10% from FY 2024). Profit margin: 6.2% (down from 6.4% 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 1% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 20
Full year 2025 earnings released: EPS: JP¥250 (vs JP¥227 in FY 2024) Full year 2025 results: EPS: JP¥250 (up from JP¥227 in FY 2024). Revenue: JP¥34.0b (up 13% from FY 2024). Net income: JP¥2.10b (up 10% from FY 2024). Profit margin: 6.2% (down from 6.4% 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 1% per year whereas the company’s share price has increased by 5% per year. Annuncio • May 15
AJIS Co., Ltd., Annual General Meeting, Jun 24, 2025 AJIS Co., Ltd., Annual General Meeting, Jun 24, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥85.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥29.65 (vs JP¥13.06 in 3Q 2024) Third quarter 2025 results: EPS: JP¥29.65 (up from JP¥13.06 in 3Q 2024). Revenue: JP¥8.14b (up 7.3% from 3Q 2024). Net income: JP¥250.0m (up 127% from 3Q 2024). Profit margin: 3.1% (up from 1.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year and the company’s share price has also fallen by 4% per year. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥67.26 (vs JP¥65.29 in 2Q 2024) Second quarter 2025 results: EPS: JP¥67.26 (up from JP¥65.29 in 2Q 2024). Revenue: JP¥8.57b (up 24% from 2Q 2024). Net income: JP¥567.0m (up 3.1% from 2Q 2024). Profit margin: 6.6% (down from 7.9% in 2Q 2024). 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 only fallen by 4% per year, which means it has not declined as severely as earnings. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥24.21 (vs JP¥9.74 in 1Q 2024) First quarter 2025 results: EPS: JP¥24.21 (up from JP¥9.74 in 1Q 2024). Revenue: JP¥7.45b (up 23% from 1Q 2024). Net income: JP¥204.0m (up 149% from 1Q 2024). Profit margin: 2.7% (up from 1.3% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% 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 20
Full year 2024 earnings released: EPS: JP¥227 (vs JP¥222 in FY 2023) Full year 2024 results: EPS: JP¥227 (up from JP¥222 in FY 2023). Revenue: JP¥30.0b (up 15% from FY 2023). Net income: JP¥1.91b (up 2.1% from FY 2023). Profit margin: 6.4% (down from 7.2% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Annuncio • May 17
AJIS Co., Ltd., Annual General Meeting, Jun 25, 2024 AJIS Co., Ltd., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.2%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥13.06 (vs JP¥19.71 in 3Q 2023) Third quarter 2024 results: EPS: JP¥13.06 (down from JP¥19.71 in 3Q 2023). Revenue: JP¥7.59b (up 27% from 3Q 2023). Net income: JP¥110.0m (down 34% from 3Q 2023). Profit margin: 1.5% (down from 2.8% in 3Q 2023). The decrease in margin was driven by higher expenses. 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 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥65.29 (vs JP¥79.34 in 2Q 2023) Second quarter 2024 results: EPS: JP¥65.29 (down from JP¥79.34 in 2Q 2023). Revenue: JP¥6.93b (up 3.0% from 2Q 2023). Net income: JP¥550.0m (down 18% from 2Q 2023). Profit margin: 7.9% (down from 9.9% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥9.74 (vs JP¥17.94 in 1Q 2023) First quarter 2024 results: EPS: JP¥9.74 (down from JP¥17.94 in 1Q 2023). Revenue: JP¥6.08b (up 9.6% from 1Q 2023). Net income: JP¥82.0m (down 46% from 1Q 2023). Profit margin: 1.3% (down from 2.7% 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 23% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • May 19
Full year 2023 earnings released: EPS: JP¥222 (vs JP¥267 in FY 2022) Full year 2023 results: EPS: JP¥222 (down from JP¥267 in FY 2022). Revenue: JP¥26.1b (flat on FY 2022). Net income: JP¥1.87b (down 17% from FY 2022). Profit margin: 7.2% (down from 8.6% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥80.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.2%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥19.71 (vs JP¥31.13 in 3Q 2022) Third quarter 2023 results: EPS: JP¥19.71 (down from JP¥31.13 in 3Q 2022). Revenue: JP¥5.96b (up 3.3% from 3Q 2022). Net income: JP¥166.0m (down 37% from 3Q 2022). Profit margin: 2.8% (down from 4.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥79.34 (vs JP¥104 in 2Q 2022) Second quarter 2023 results: EPS: JP¥79.34 (down from JP¥104 in 2Q 2022). Revenue: JP¥6.73b (down 1.7% from 2Q 2022). Net income: JP¥668.0m (down 24% from 2Q 2022). Profit margin: 9.9% (down from 13% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 13% per year. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Outside Director Kazuhiro Mori was the last independent director to join the board, commencing their role in 2008. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥79.34 (vs JP¥104 in 2Q 2022) Second quarter 2023 results: EPS: JP¥79.34 (down from JP¥104 in 2Q 2022). Revenue: JP¥6.73b (down 1.7% from 2Q 2022). Net income: JP¥668.0m (down 24% from 2Q 2022). Profit margin: 9.9% (down from 13% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 13% per year. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥17.94 (vs JP¥33.28 in 1Q 2022) First quarter 2023 results: EPS: JP¥17.94 (down from JP¥33.28 in 1Q 2022). Revenue: JP¥5.55b (down 4.9% from 1Q 2022). Net income: JP¥151.0m (down 46% from 1Q 2022). Profit margin: 2.7% (down from 4.8% 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 5% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥267 (vs JP¥379 in FY 2021) Full year 2022 results: EPS: JP¥267 (down from JP¥379 in FY 2021). Revenue: JP¥26.2b (down 6.4% from FY 2021). Net income: JP¥2.25b (down 29% from FY 2021). Profit margin: 8.6% (down from 11% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Annuncio • May 18
AJIS Co., Ltd., Annual General Meeting, Jun 28, 2022 AJIS Co., Ltd., Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 9 highly experienced directors. No independent directors (6 non-independent directors). External Auditor Shigeki Funabashi was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥76.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 30 June 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: JP¥31.13 (down from JP¥82.97 in 3Q 2021). Revenue: JP¥5.77b (down 13% from 3Q 2021). Net income: JP¥262.0m (down 63% from 3Q 2021). Profit margin: 4.5% (down from 11% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 10.0%. Earnings per share (EPS) also missed analyst estimates by 5.9%. Over the next year, revenue is forecast to grow 6.2%, compared to a 2.8% growth forecast for the 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 6% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥2,735, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 16x in the Commercial Services industry in Japan. Total returns to shareholders of 1.6% over the past three years. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS JP¥104 (vs JP¥130 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥6.85b (down 6.5% from 2Q 2021). Net income: JP¥876.0m (down 20% from 2Q 2021). Profit margin: 13% (down from 15% in 2Q 2021). The decrease in margin was driven by lower revenue. 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 6% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 02
First quarter 2022 earnings released: EPS JP¥33.28 (vs JP¥34.13 in 1Q 2021) The company reported a poor first quarter result with weaker earnings and profit margins, although revenues were flat. First quarter 2022 results: Revenue: JP¥5.84b (flat on 1Q 2021). Net income: JP¥280.0m (down 2.4% from 1Q 2021). Profit margin: 4.8% (down from 4.9% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥379 (vs JP¥358 in FY 2020) The company reported a mediocre full year result with weaker revenues, although profit margins were flat and earnings improved. Full year 2021 results: Revenue: JP¥28.0b (down 1.5% from FY 2020). Net income: JP¥3.19b (up 5.8% from FY 2020). Profit margin: 11% (in line with FY 2020). 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 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥72.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (1.8%). Reported Earnings • Feb 03
Third quarter 2021 earnings released: EPS JP¥82.97 (vs JP¥51.02 in 3Q 2020) The company reported a solid third quarter result with improved earnings and profit margins, although revenues were flat. Third quarter 2021 results: Revenue: JP¥6.61b (flat on 3Q 2020). Net income: JP¥698.0m (up 63% from 3Q 2020). Profit margin: 11% (up from 6.5% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Analyst Estimate Surprise Post Earnings • Feb 03
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 9.1%. Over the next year, revenue is forecast to grow 2.7%, compared to a 3.1% growth forecast for the Commercial Services industry in Japan. Is New 90 Day High Low • Jan 26
New 90-day high: JP¥3,955 The company is up 30% from its price of JP¥3,035 on 28 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: JP¥3,400 The company is up 25% from its price of JP¥2,720 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 4.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: JP¥3,255 The company is up 10.0% from its price of JP¥2,950 on 11 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is up 2.0% over the same period. Reported Earnings • Nov 14
Second quarter 2021 earnings released: EPS JP¥130 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: JP¥7.32b (flat on 2Q 2020). Net income: JP¥1.10b (up 18% from 2Q 2020). Profit margin: 15% (up from 13% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 02
Second quarter 2021 earnings released: EPS JP¥130 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: JP¥7.32b (flat on 2Q 2020). Net income: JP¥1.10b (up 18% from 2Q 2020). Profit margin: 15% (up from 13% in 2Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Oct 16
New 90-day high: JP¥3,240 The company is up 37% from its price of JP¥2,371 on 17 July 2020. The Japanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Commercial Services industry, which is down 3.0% over the same period. Valuation Update With 7 Day Price Move • Oct 16
Market bids up stock over the past week After last week's 17% share price gain to JP¥3,240, the stock is trading at a trailing P/E ratio of 9x, up from the previous P/E ratio of 7.7x. This compares to an average P/E of 15x in the Commercial Services industry in Japan. Total returns to shareholders over the past three years are 43%.