Reported Earnings • Aug 13
First quarter 2027 earnings released: EPS: JP¥8.47 (vs JP¥11.04 in 1Q 2026) First quarter 2027 results: EPS: JP¥8.47 (down from JP¥11.04 in 1Q 2026). Revenue: JP¥6.97b (up 9.3% from 1Q 2026). Net income: JP¥86.0m (down 25% from 1Q 2026). Profit margin: 1.2% (down from 1.8% in 1Q 2026). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 25
Final dividend increased to JP¥15.00 Dividend of JP¥15.00 is 50% higher than last year. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 5.7%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (48% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 32% per year over the past 5 years. However, payments have been volatile during that time. Earnings per share has grown by 7.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Annuncio • Jun 25
geechs inc. to Report Q1, 2027 Results on Aug 07, 2026 geechs inc. announced that they will report Q1, 2027 results on Aug 07, 2026 Reported Earnings • May 20
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥62.73 (up from JP¥4.75 in FY 2025). Revenue: JP¥26.4b (up 4.8% from FY 2025). Net income: JP¥643.0m (up JP¥594.0m from FY 2025). Profit margin: 2.4% (up from 0.2% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) also surpassed analyst estimates by 139%. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.9% 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 12% per year, which means it is significantly lagging earnings. Annuncio • May 15
geechs inc., Annual General Meeting, Jun 26, 2026 geechs inc., Annual General Meeting, Jun 26, 2026. Annuncio • May 10
geechs inc. to Report Fiscal Year 2026 Results on May 15, 2026 geechs inc. announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 15 June 2026. Payout ratio is a comfortable 74% and this is well supported by cash flows. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥14.49 (vs JP¥9.39 in 3Q 2025) Third quarter 2026 results: EPS: JP¥14.49 (up from JP¥9.39 in 3Q 2025). Revenue: JP¥6.78b (up 3.9% from 3Q 2025). Net income: JP¥148.0m (up 53% from 3Q 2025). Profit margin: 2.2% (up from 1.5% in 3Q 2025). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 18% per year. New Risk • Feb 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 6.0% 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 Dividend is not well covered by earnings (91% payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥6.15b market cap, or US$40.1m). Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥600, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 20x in the Entertainment industry in Japan. Total loss to shareholders of 42% over the past three years. Annuncio • Dec 20
geechs inc. to Report Q3, 2026 Results on Feb 13, 2026 geechs inc. announced that they will report Q3, 2026 results on Feb 13, 2026 Declared Dividend • Dec 02
First half dividend of JP¥10.00 announced Dividend of JP¥10.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 15th June 2026 Dividend yield will be 3.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 15% per year over the past 5 years. However, payments have been volatile during that time. EPS is expected to grow by 6.8% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: JP¥22.24 (vs JP¥10.27 in 2Q 2025) Second quarter 2026 results: EPS: JP¥22.24 (up from JP¥10.27 in 2Q 2025). Revenue: JP¥6.52b (up 2.5% from 2Q 2025). Net income: JP¥229.0m (up 116% from 2Q 2025). Profit margin: 3.5% (up from 1.7% in 2Q 2025). Revenue is forecast to grow 3.3% 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 fallen by 46% 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. Annuncio • Sep 30
geechs inc. to Report Q2, 2026 Results on Nov 13, 2025 geechs inc. announced that they will report Q2, 2026 results on Nov 13, 2025 Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥679, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 22x in the Entertainment industry in Japan. Total loss to shareholders of 23% over the past three years. New Risk • Aug 18
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 5.1% 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 Dividend is not well covered by earnings and cash flows. Payout ratio: 98% Cash payout ratio: 480% Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥6.06b market cap, or US$41.1m). Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥11.04 (vs JP¥5.62 in 1Q 2025) First quarter 2026 results: EPS: JP¥11.04 (up from JP¥5.62 in 1Q 2025). Revenue: JP¥6.37b (up 9.4% from 1Q 2025). Net income: JP¥114.0m (up 97% from 1Q 2025). Profit margin: 1.8% (up from 1.0% in 1Q 2025). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • May 20
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥4.75 (up from JP¥143 loss in FY 2024). Revenue: JP¥25.2b (up 6.0% from FY 2024). Net income: JP¥49.0m (up JP¥1.52b from FY 2024). Profit margin: 0.2% (up from net loss in FY 2024). Revenue exceeded analyst estimates by 7.5%. Earnings per share (EPS) missed analyst estimates by 82%. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Annuncio • May 14
geechs inc., Annual General Meeting, Jun 27, 2025 geechs inc., Annual General Meeting, Jun 27, 2025. New Risk • Apr 08
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 7.8% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Market cap is less than US$100m (JP¥4.42b market cap, or US$30.1m). Annuncio • Mar 26
geechs inc. to Report Fiscal Year 2025 Results on May 14, 2025 geechs inc. announced that they will report fiscal year 2025 results on May 14, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 11 June 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.2%). Reported Earnings • Feb 17
Third quarter 2025 earnings released: EPS: JP¥9.39 (vs JP¥8.91 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥9.39 (up from JP¥8.91 loss in 3Q 2024). Revenue: JP¥6.52b (up 11% from 3Q 2024). Net income: JP¥97.0m (up JP¥189.0m from 3Q 2024). Profit margin: 1.5% (up from net loss in 3Q 2024). Revenue is forecast to grow 3.7% 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, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. New Risk • Feb 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings are forecast to decline by an average of 0% per year for the foreseeable future. Minor Risk Market cap is less than US$100m (JP¥3.81b market cap, or US$25.0m). Annuncio • Jan 23
geechs inc. (TSE:7060) signed a letter of intent to acquire Alive Inc. for approximately ¥600 million. geechs inc. (TSE:7060) signed a letter of intent to acquire Alive Inc. for approximately ¥600 million on January 23, 2025.
The expected completion of the transaction is February 14, 2025. Annuncio • Dec 21
geechs inc. to Report Q3, 2025 Results on Feb 14, 2025 geechs inc. announced that they will report Q3, 2025 results on Feb 14, 2025 Declared Dividend • Nov 11
Dividend of JP¥10.00 announced Dividend of JP¥10.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 11th June 2025 Dividend yield will be 2.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has remained flat since 3 years ago. However, payments have been volatile during that time. Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥10.27 (vs JP¥1.45 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥10.27 (up from JP¥1.45 loss in 2Q 2024). Revenue: JP¥6.36b (up 6.5% from 2Q 2024). Net income: JP¥106.0m (up JP¥121.0m from 2Q 2024). Profit margin: 1.7% (up from net loss in 2Q 2024). Revenue is forecast to grow 3.9% 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, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. New Risk • Oct 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 8.4% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (JP¥4.30b market cap, or US$29.8m). Annuncio • Sep 27
geechs inc. to Report Q2, 2025 Results on Nov 08, 2024 geechs inc. announced that they will report Q2, 2025 results on Nov 08, 2024 Buy Or Sell Opportunity • Sep 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to JP¥424. The fair value is estimated to be JP¥542, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Sep 04
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.6% to JP¥426. The fair value is estimated to be JP¥548, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: JP¥5.62 (vs JP¥0.39 in 1Q 2024) First quarter 2025 results: EPS: JP¥5.62 (up from JP¥0.39 in 1Q 2024). Revenue: JP¥5.83b (down 2.0% from 1Q 2024). Net income: JP¥58.0m (up JP¥54.0m from 1Q 2024). Profit margin: 1.0% (up from 0.1% in 1Q 2024). Revenue is forecast to grow 4.0% 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, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Aug 02
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to JP¥405. The fair value is estimated to be JP¥550, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Meanwhile, the company became loss making. Annuncio • Jun 28
geechs inc. to Report Q1, 2025 Results on Aug 09, 2024 geechs inc. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 13
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: JP¥143 loss per share (down from JP¥23.18 profit in FY 2023). Revenue: JP¥23.7b (up 48% from FY 2023). Net loss: JP¥1.47b (down JP¥1.72b from profit in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Annuncio • May 12
geechs inc., Annual General Meeting, Jun 25, 2024 geechs inc., Annual General Meeting, Jun 25, 2024. Annuncio • Mar 28
geechs inc. to Report Fiscal Year 2024 Results on May 10, 2024 geechs inc. announced that they will report fiscal year 2024 results on May 10, 2024 New Risk • Mar 26
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: Minor Risks Paying a dividend despite being loss-making. Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (JP¥4.93b market cap, or US$32.6m). Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 13 June 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 11
Third quarter 2024 earnings released: JP¥8.91 loss per share (vs JP¥1.33 profit in 3Q 2023) Third quarter 2024 results: JP¥8.91 loss per share (down from JP¥1.33 profit in 3Q 2023). Revenue: JP¥5.87b (up 41% from 3Q 2023). Net loss: JP¥92.0m (down JP¥106.0m from profit in 3Q 2023). Revenue is forecast to grow 6.6% 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 fallen by 35% per year whereas the company’s share price has fallen by 32% per year. Annuncio • Dec 28
geechs inc. to Report Q3, 2024 Results on Feb 09, 2024 geechs inc. announced that they will report Q3, 2024 results on Feb 09, 2024 Major Estimate Revision • Dec 12
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥28.0b to JP¥24.0b. Forecast loss of -JP¥19.40, down from profit of JP¥34.90 per share profit previously. Entertainment industry in Japan expected to see average net income growth of 11% next year. Consensus price target down from JP¥1,200 to JP¥850. Share price fell 6.2% to JP¥454 over the past week. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥504, 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 57% over the past three years. New Risk • Nov 13
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 6.8% 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: Minor Risks Dividend is not well covered by earnings (118% payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (JP¥6.69b market cap, or US$44.1m). Reported Earnings • Nov 12
Second quarter 2024 earnings released: JP¥1.45 loss per share (vs JP¥22.90 profit in 2Q 2023) Second quarter 2024 results: JP¥1.45 loss per share (down from JP¥22.90 profit in 2Q 2023). Revenue: JP¥5.97b (up 45% from 2Q 2023). Net loss: JP¥15.0m (down 106% from profit in 2Q 2023). Revenue is forecast to grow 9.8% 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 fallen by 13% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Annuncio • Sep 28
geechs inc. to Report Q2, 2024 Results on Nov 10, 2023 geechs inc. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥0.39 (vs JP¥9.12 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥0.39 (up from JP¥9.12 loss in 1Q 2023). Revenue: JP¥5.95b (up 69% from 1Q 2023). Net income: JP¥4.00m (up JP¥100.0m from 1Q 2023). Profit margin: 0.1% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Jul 27
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: 2.1% 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. Share price has been volatile over the past 3 months (6.8% average weekly change). Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (JP¥7.27b market cap, or US$51.8m). Annuncio • Jun 29
geechs inc. to Report Q1, 2024 Results on Aug 10, 2023 geechs inc. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 17
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥23.18 (down from JP¥67.16 in FY 2022). Revenue: JP¥16.0b (up 12% from FY 2022). Net income: JP¥244.0m (down 65% from FY 2022). Profit margin: 1.5% (down from 4.9% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.1%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Buying Opportunity • May 15
Now 29% undervalued after recent price drop Over the last 90 days, the stock is down 3.9%. The fair value is estimated to be JP¥1,324, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 64% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 22% per annum over the same time period. Buying Opportunity • Apr 26
Now 20% undervalued Over the last 90 days, the stock is up 17%. The fair value is estimated to be JP¥1,330, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 64% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings is also forecast to grow by 22% per annum over the same time period. Valuation Update With 7 Day Price Move • Mar 28
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,012, 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 5.6% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 12 June 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.1%). Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: JP¥1.33 (vs JP¥10.86 in 3Q 2022) Third quarter 2023 results: EPS: JP¥1.33 (down from JP¥10.86 in 3Q 2022). Revenue: JP¥9.23b (up JP¥7.89b from 3Q 2022). Net income: JP¥14.0m (down 88% from 3Q 2022). Profit margin: 0.2% (down from 8.5% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 6.7% p.a. on average during the next 3 years, while revenues in the Entertainment industry in Japan are expected to grow by 2.9%. 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 11% per year, which means it is significantly lagging earnings. Annuncio • Feb 15
geechs inc. (TSE:7060) announces an Equity Buyback for 400,000 shares, representing 3.79% for ¥300 million. geechs inc. (TSE:7060) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 3.79% of its issued share capital, for ¥300 million. The purpose of the plan is to enhance shareholders return and improve capital efficiency. The plan will be valid till April 28, 2023. As of December 31, 2022, the company had 10,542,729 shares in issue(excluding treasury stock) and 40,151 shares in treasury. Annuncio • Dec 28
geechs inc. to Report Q3, 2023 Results on Feb 10, 2023 geechs inc. announced that they will report Q3, 2023 results on Feb 10, 2023 Major Estimate Revision • Dec 21
Consensus EPS estimates fall by 42% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥5.60b to JP¥5.40b. EPS estimate also fell from JP¥40.90 per share to JP¥23.80 per share. Net income forecast to shrink 13% next year vs 1.1% decline forecast for Entertainment industry in Japan. Consensus price target down from JP¥2,800 to JP¥1,500. Share price fell 3.6% to JP¥834 over the past week. 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. 3 non-independent directors. Independent Outside Director Toshiyuki Matsushima was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥22.90 (vs JP¥37.27 in 2Q 2022) Second quarter 2023 results: EPS: JP¥22.90 (down from JP¥37.27 in 2Q 2022). Revenue: JP¥1.54b (down 3.3% from 2Q 2022). Net income: JP¥241.0m (down 38% from 2Q 2022). Profit margin: 16% (down from 25% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 12% 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 27% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Annuncio • Sep 30
geechs inc. to Report Q2, 2023 Results on Nov 10, 2022 geechs inc. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: JP¥9.12 loss per share (vs JP¥2.67 profit in 1Q 2022) First quarter 2023 results: JP¥9.12 loss per share (down from JP¥2.67 profit in 1Q 2022). Revenue: JP¥1.03b (down 4.7% from 1Q 2022). Net loss: JP¥96.0m (down 443% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 12%, compared to a 11% growth forecast for the industry in Japan. Annuncio • Jul 02
geechs inc. to Report Q1, 2023 Results on Aug 09, 2022 geechs inc. announced that they will report Q1, 2023 results on Aug 09, 2022 Major Estimate Revision • Jun 03
Consensus EPS estimates fall by 44% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥6.20b to JP¥5.80b. EPS estimate also fell from JP¥80.80 per share to JP¥45.60 per share. Net income forecast to shrink 32% next year vs 6.4% growth forecast for Entertainment industry in Japan . Consensus price target down from JP¥3,300 to JP¥3,000. Share price rose 8.7% to JP¥854 over the past week. Price Target Changed • Jun 02
Price target decreased to JP¥3,000 Down from JP¥3,500, the current price target is provided by 1 analyst. New target price is 250% above last closing price of JP¥858. Stock is down 53% over the past year. The company is forecast to post earnings per share of JP¥45.60 for next year compared to JP¥67.16 last year. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorated over the past week After last week's 24% share price decline to JP¥846, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the Entertainment industry in Japan. Total loss to shareholders of 55% over the past three years. Reported Earnings • May 18
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥67.16 (up from JP¥43.76 in FY 2021). Revenue: JP¥5.39b (up 57% from FY 2021). Net income: JP¥705.0m (up 54% from FY 2021). Profit margin: 13% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.0%. Over the next year, revenue is forecast to grow 15%, compared to a 9.6% growth forecast for the 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 24% per year, which means it is significantly lagging earnings.