Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥2,204, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 15x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 18% over the past three years. New Risk • Aug 13
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 49% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 13
First quarter 2027 earnings released: EPS: JP¥48.10 (vs JP¥42.96 in 1Q 2026) First quarter 2027 results: EPS: JP¥48.10 (up from JP¥42.96 in 1Q 2026). Revenue: JP¥9.09b (up 38% from 1Q 2026). Net income: JP¥631.0m (up 10% from 1Q 2026). Profit margin: 6.9% (down from 8.7% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% 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 • Jul 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,406, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 2.2% over the past three years. Annuncio • Jun 28
Port Inc. to Report Q1, 2027 Results on Aug 12, 2026 Port Inc. announced that they will report Q1, 2027 results on Aug 12, 2026 Reported Earnings • May 20
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥206 (up from JP¥142 in FY 2025). Revenue: JP¥29.1b (up 33% from FY 2025). Net income: JP¥2.72b (up 45% from FY 2025). Profit margin: 9.3% (up from 8.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.0%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Annuncio • May 15
Port Inc., Annual General Meeting, Jun 19, 2026 Port Inc., Annual General Meeting, Jun 19, 2026. Buy Or Sell Opportunity • May 12
Now 21% undervalued Over the last 90 days, the stock has risen 9.5% to JP¥2,430. The fair value is estimated to be JP¥3,073, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 19% per annum over the same time period. Annuncio • May 10
Port Inc. to Report Fiscal Year 2026 Results on May 15, 2026 Port Inc. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 1.2% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.0%). Reported Earnings • Feb 18
Third quarter 2026 earnings released: EPS: JP¥68.94 (vs JP¥27.14 in 3Q 2025) Third quarter 2026 results: EPS: JP¥68.94 (up from JP¥27.14 in 3Q 2025). Revenue: JP¥7.26b (up 39% from 3Q 2025). Net income: JP¥902.0m (up 151% from 3Q 2025). Profit margin: 12% (up from 6.9% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 20% per year. New Risk • Dec 23
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: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (5.6% average weekly change). Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: JP¥52.43 (vs JP¥29.38 in 2Q 2025) Second quarter 2026 results: EPS: JP¥52.43 (up from JP¥29.38 in 2Q 2025). Revenue: JP¥6.36b (up 23% from 2Q 2025). Net income: JP¥689.0m (up 77% from 2Q 2025). Profit margin: 11% (up from 7.5% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 21% per year. Declared Dividend • Nov 15
Dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 0.6%, which is lower than the industry average of 1.4%. Annuncio • Oct 28
Port Inc. (TSE:7047) agreed to acquire an additional 46% stake in HRteam Co., Ltd. from Takayuki Shirakura for ¥2.8 billion. Port Inc. (TSE:7047) agreed to acquire an additional 46% stake in HRteam Co., Ltd. from Takayuki Shirakura for ¥2.8 billion on October 27, 2025. A cash consideration of ¥2.76 billion will be paid by Port Inc. As part of consideration, ¥2.76 billion is paid towards common equity of HRteam Co., Ltd. Upon completion, Port Inc. will own 66% stake in HRteam Co., Ltd.
The expected completion of the transaction is November 4, 2025. Annuncio • Sep 27
Port Inc. to Report Q2, 2026 Results on Nov 13, 2025 Port Inc. announced that they will report Q2, 2026 results on Nov 13, 2025 Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to JP¥2,372, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 23x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 137% over the past three years. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: JP¥42.96 (vs JP¥42.69 in 1Q 2025) First quarter 2026 results: EPS: JP¥42.96 (up from JP¥42.69 in 1Q 2025). Revenue: JP¥6.58b (up 38% from 1Q 2025). Net income: JP¥572.0m (up 1.6% from 1Q 2025). Profit margin: 8.7% (down from 12% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 25% per year. Board Change • Jul 01
Insufficient new directors 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. 2 highly experienced directors. Independent Outside Director Daigo Tomioka was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Jun 27
Port Inc. to Report Q1, 2026 Results on Aug 12, 2025 Port Inc. announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • Jun 24
Full year 2025 earnings released: EPS: JP¥142 (vs JP¥118 in FY 2024) Full year 2025 results: EPS: JP¥142 (up from JP¥118 in FY 2024). Revenue: JP¥22.0b (up 32% from FY 2024). Net income: JP¥1.88b (up 29% from FY 2024). Profit margin: 8.6% (down from 8.8% 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 34% per year whereas the company’s share price has increased by 37% per year. Annuncio • Jun 19
Port Inc. (TSE:7047) announces an Equity Buyback for 166,000 shares, representing 1.26% for ¥300 million. Port Inc. (TSE:7047) announces a share repurchase program. Under the program, the company will repurchase up to 166,000 shares, representing 1.26% of its issued share capital (excluding treasury stock), for ¥300 million. The purpose of the prorgam is to acquire additional treasury stock to prepare for future corporate actions such as M&A. The program will run until September 30, 2025. As of June 18, 2025, the company had 13,192,287 shares in issue (excluding treasury stock) and 882,403 shares in treasury. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,821, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 24x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 163% over the past three years. Annuncio • Jun 10
Port Inc. (TSE:7047) announces an Equity Buyback for 200,000 shares, representing 1.5% for ¥300 million. Port Inc. (TSE:7047) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.5% of its issued share capital (excluding treasury stock), for ¥300 million. The purpose of the program is to improve corporate value, including the achievement of the medium-term management plan and lead to the maximum return of profits to shareholders. The program will run until July 17, 2025. As of June 9, 2025, the company had 13,356,287 shares in issue (excluding treasury stock) and 727,390 shares in treasury. Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,610, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 22x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 111% over the past three years. Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥142 (vs JP¥118 in FY 2024) Full year 2025 results: EPS: JP¥142 (up from JP¥118 in FY 2024). Revenue: JP¥22.0b (up 32% from FY 2024). Net income: JP¥1.88b (up 29% from FY 2024). Profit margin: 8.6% (down from 8.8% 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 34% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Annuncio • May 16
Briarwood Capital Partners LP completed the acquisition of 8.69% stake in ENECHANGE Ltd. (TSE:4169) from Port Inc. (TSE:7047) for ¥1.2 billion. Briarwood Capital Partners LP acquired 8.69% stake in ENECHANGE Ltd. (TSE:4169) from Port Inc. (TSE:7047) for ¥1.2 billion on May 16, 2025. A cash consideration of ¥1.18 billion valued at ¥320 per share will be paid by Briarwood Capital Partners LP. As part of consideration, ¥1.18 billion is paid towards common equity of ENECHANGE Ltd.
Briarwood Capital Partners LP completed the acquisition of 8.69% stake in ENECHANGE Ltd. (TSE:4169) from Port Inc. (TSE:7047) on May 16, 2025. New Risk • May 15
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 9.7% 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. Annuncio • May 14
Port Inc., Annual General Meeting, Jun 20, 2025 Port Inc., Annual General Meeting, Jun 20, 2025. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,616, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 21x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 122% over the past three years. Annuncio • Mar 29
Port Inc. to Report Fiscal Year 2025 Results on May 14, 2025 Port Inc. announced that they will report fiscal year 2025 results on May 14, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥2.50 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 23 June 2025. Payout ratio is a comfortable 1.4% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.6%). Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥27.14 (vs JP¥13.91 in 3Q 2024) Third quarter 2025 results: EPS: JP¥27.14 (up from JP¥13.91 in 3Q 2024). Revenue: JP¥5.24b (up 35% from 3Q 2024). Net income: JP¥360.0m (up 99% from 3Q 2024). Profit margin: 6.9% (up from 4.7% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Annuncio • Jan 17
Port Inc. to Report Q3, 2025 Results on Feb 13, 2025 Port Inc. announced that they will report Q3, 2025 results on Feb 13, 2025 Reported Earnings • Nov 19
Second quarter 2025 earnings released: EPS: JP¥29.38 (vs JP¥44.73 in 2Q 2024) Second quarter 2025 results: EPS: JP¥29.38 (down from JP¥44.73 in 2Q 2024). Revenue: JP¥5.16b (up 31% from 2Q 2024). Net income: JP¥389.0m (down 27% from 2Q 2024). Profit margin: 7.5% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Declared Dividend • Nov 15
Dividend of JP¥2.50 announced Shareholders will receive a dividend of JP¥2.50. Ex-date: 28th March 2025 Payment date: 23rd June 2025 Dividend yield will be 0.1%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 1%. Cash payout ratio: 12%. Buy Or Sell Opportunity • Oct 29
Now 20% overvalued Over the last 90 days, the stock has fallen 6.6% to JP¥1,878. The fair value is estimated to be JP¥1,560, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Meanwhile, the company has become profitable. Annuncio • Sep 28
Port Inc. to Report Q2, 2025 Results on Nov 13, 2024 Port Inc. announced that they will report Q2, 2025 results on Nov 13, 2024 Reported Earnings • Aug 18
First quarter 2025 earnings released: EPS: JP¥42.69 (vs JP¥23.43 in 1Q 2024) First quarter 2025 results: EPS: JP¥42.69 (up from JP¥23.43 in 1Q 2024). Revenue: JP¥4.76b (up 33% from 1Q 2024). Net income: JP¥563.0m (up 113% from 1Q 2024). Profit margin: 12% (up from 7.4% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. New Risk • Aug 05
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 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.3% average weekly change). High level of non-cash earnings (26% accrual ratio). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 34% After last week's 34% share price decline to JP¥1,322, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 21x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 57% over the past three years. Annuncio • Jul 04
Port Inc. to Report Q1, 2025 Results on Aug 13, 2024 Port Inc. announced that they will report Q1, 2025 results on Aug 13, 2024 Reported Earnings • Jun 21
Full year 2024 earnings released: EPS: JP¥118 (vs JP¥96.50 in FY 2023) Full year 2024 results: EPS: JP¥118 (up from JP¥96.50 in FY 2023). Revenue: JP¥16.6b (up 46% from FY 2023). Net income: JP¥1.46b (up 36% from FY 2023). Profit margin: 8.8% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,296, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 21x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 179% over the past three years. Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥118 (vs JP¥96.50 in FY 2023) Full year 2024 results: EPS: JP¥118 (up from JP¥96.50 in FY 2023). Revenue: JP¥16.6b (up 46% from FY 2023). Net income: JP¥1.46b (up 36% from FY 2023). Profit margin: 8.8% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Annuncio • May 16
Port Inc., Annual General Meeting, Jun 20, 2024 Port Inc., Annual General Meeting, Jun 20, 2024. Annuncio • May 14
NIFTY Lifestyle Co., Ltd. (TSE:4262) agreed to acquire Doors Co., Ltd. from Port Inc. (TSE:7047) for ¥1.7 billion. NIFTY Lifestyle Co., Ltd. (TSE:4262) agreed to acquire Doors Co., Ltd. from Port Inc. (TSE:7047) for ¥1.7 billion on May 13, 2024. The consideration consists of ¥1750 million in cash. As part of the consideration, ¥1750 million was paid towards common equity. As of March 31, 2024, Doors Co., Ltd reported net assets of ¥600 million, total assets of ¥750 million, sales of ¥1 billion, operating income of ¥170 million, and net income of ¥120 million. The deal is expected to be completed on May 31, 2024. Annuncio • Apr 02
Port Inc. (TSE:7047) completed the acquisition of Employment information community site business of Rakuten Group. Port Inc. (TSE:7047) agreed to acquire Employment information community site business of Rakuten Group for ¥2.2 billion on January 31, 2024. Transaction is expected to complete on April 1, 2024.Port Inc. (TSE:7047) completed the acquisition of Employment information community site business of Rakuten Group on April 1, 2024. Employment information community site business of Rakuten Group has been established as Minshu Co., Ltd. Annuncio • Mar 28
Port Inc. to Report Fiscal Year 2024 Results on May 13, 2024 Port Inc. announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 14
Third quarter 2024 earnings released: EPS: JP¥13.98 (vs JP¥17.45 in 3Q 2023) Third quarter 2024 results: EPS: JP¥13.98 (down from JP¥17.45 in 3Q 2023). Revenue: JP¥3.88b (up 43% from 3Q 2023). Net income: JP¥182.0m (down 6.2% from 3Q 2023). Profit margin: 4.7% (down from 7.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. Annuncio • Jan 11
Port Inc. to Report Q3, 2024 Results on Feb 13, 2024 Port Inc. announced that they will report Q3, 2024 results on Feb 13, 2024 Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,198, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 24x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 270% over the past three years. Reported Earnings • Nov 16
Second quarter 2024 earnings released: EPS: JP¥44.71 (vs JP¥27.38 in 2Q 2023) Second quarter 2024 results: EPS: JP¥44.71 (up from JP¥27.38 in 2Q 2023). Revenue: JP¥3.94b (up 49% from 2Q 2023). Net income: JP¥533.0m (up 76% from 2Q 2023). Profit margin: 14% (up from 12% in 2Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,077, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 23x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 231% over the past three years. Annuncio • Sep 28
Port Inc. to Report Q2, 2024 Results on Nov 13, 2023 Port Inc. announced that they will report Q2, 2024 results on Nov 13, 2023 Buying Opportunity • Aug 25
Now 20% undervalued Over the last 90 days, the stock is up 83%. The fair value is estimated to be JP¥3,395, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 50% over the last year. Earnings per share has grown by 103%. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥2,500, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 24x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 179% over the past three years. Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: JP¥23.43 (vs JP¥20.61 in 1Q 2023) First quarter 2024 results: EPS: JP¥23.43 (up from JP¥20.61 in 1Q 2023). Revenue: JP¥3.58b (up 36% from 1Q 2023). Net income: JP¥264.0m (up 14% from 1Q 2023). Profit margin: 7.4% (down from 8.8% in 1Q 2023). The decrease in margin was driven by higher expenses. New Risk • Jul 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Shareholders have been diluted in the past year (5.4% increase in shares outstanding). Annuncio • Jul 01
coconala Inc. (TSE:4176) signed a contract to acquire Port Engineering Inc from Port Inc. (TSE:7047) for ¥250 million. coconala Inc. (TSE:4176) signed a contract to acquire Port Engineering Inc from Port Inc. (TSE:7047) for ¥250 million on June 30, 2023. The share transfer execution date is scheduled on July 3, 2023. Annuncio • Jun 28
Port Inc. to Report Q1, 2024 Results on Aug 14, 2023 Port Inc. announced that they will report Q1, 2024 results on Aug 14, 2023 Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to JP¥2,339, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 24x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 133% over the past three years. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,694, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 23x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 85% over the past three years. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,453, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 20x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 99% over the past three years. Annuncio • May 13
Port Inc., Annual General Meeting, Jun 23, 2023 Port Inc., Annual General Meeting, Jun 23, 2023. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥1,728, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 19x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 273% over the past three years. Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: JP¥17.55 (vs JP¥9.07 in 3Q 2022) Third quarter 2023 results: EPS: JP¥17.55 (up from JP¥9.07 in 3Q 2022). Revenue: JP¥2.71b (up 81% from 3Q 2022). Net income: JP¥195.0m (up 86% from 3Q 2022). Profit margin: 7.2% (up from 7.0% in 3Q 2022). The increase in margin was driven by higher revenue. Annuncio • Feb 13
Port Inc. Provides Earning Guidance for the Year Ending March 31, 2023 Port Inc. provided earning guidance for the year ending March 31, 2023. For the year, the company expects sales revenue of JPY 11,100 million, operating income of JPY 1,710 million, net income of JPY 1,210 million, net income attributable to owners of parent of JPY 1,060 million and basic earnings per share of JPY 95.23. Annuncio • Jan 06
Port Inc. to Report Q3, 2023 Results on Feb 13, 2023 Port Inc. announced that they will report Q3, 2023 results on Feb 13, 2023 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. 2 non-independent directors. Independent Outside Director Kuniyoshi Mabuchi was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Nov 15
Port Inc. Provides Earning Guidance for the Year Ending March 31, 2023 Port Inc. provided earning guidance for the year ending March 31, 2023. For the period, the company expects sales revenue of JPY 10,300 million, operating income of JPY 1,450 million, net income of JPY 975 million, net income attributable to owners of parent of JPY 850 million and basic earnings per share of JPY 76.31. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improved over the past week After last week's 23% share price gain to JP¥1,160, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 23x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 15% over the past three years. Buying Opportunity • Oct 21
Now 21% undervalued Over the last 90 days, the stock is up 26%. The fair value is estimated to be JP¥1,183, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Annuncio • Sep 30
Port Inc. to Report Q2, 2023 Results on Nov 14, 2022 Port Inc. announced that they will report Q2, 2023 results on Nov 14, 2022 Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥975, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 25x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 5.3% over the past three years. Buying Opportunity • Aug 18
Now 24% undervalued Over the last 90 days, the stock is up 35%. The fair value is estimated to be JP¥1,317, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • Aug 17
First quarter 2023 earnings released: EPS: JP¥20.61 (vs JP¥12.81 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥20.61 (up from JP¥12.81 loss in 1Q 2022). Revenue: JP¥2.63b (up 62% from 1Q 2022). Net income: JP¥231.0m (up JP¥375.0m from 1Q 2022). Profit margin: 8.8% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Annuncio • Aug 15
Port Inc. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023 Port Inc. provided consolidated earnings guidance for the year ending March 31, 2023. For the year, the company expects sales revenue of ¥9,300 million, operating income of ¥1,200 million, net income attributable to owners of parent of ¥700 million or basic earnings per share of ¥61.13. Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥837, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 28x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 4.6% over the past three years. Buying Opportunity • Jul 25
Now 22% undervalued Over the last 90 days, the stock is up 7.9%. The fair value is estimated to be JP¥928, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Jul 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be JP¥865, however this is not to be taken as a buy recommendation but rather should be used as a guide only.