New Risk • Jul 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.4% Last year net profit margin: 6.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Profit margins are more than 30% lower than last year (4.4% net profit margin). Reported Earnings • Jul 17
Third quarter 2026 earnings released: JP¥0.13 loss per share (vs JP¥6.80 profit in 3Q 2025) Third quarter 2026 results: JP¥0.13 loss per share (down from JP¥6.80 profit in 3Q 2025). Revenue: JP¥43.8b (up 30% from 3Q 2025). Net loss: JP¥32.0m (down 102% from profit in 3Q 2025). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €3.72, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 15x in the IT industry in Germany. Total loss to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €3.94, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the IT industry in Germany. Total loss to shareholders of 64% over the past three years. お知らせ • May 28
SHIFT Inc. to Report Q3, 2026 Results on Jul 15, 2026 SHIFT Inc. announced that they will report Q3, 2026 results on Jul 15, 2026 お知らせ • Apr 07
SHIFT Inc. to Report Q2, 2026 Results on Apr 14, 2026 SHIFT Inc. announced that they will report Q2, 2026 results on Apr 14, 2026 お知らせ • Jan 16
SHIFT Inc. (TSE:3697) announces an Equity Buyback for 7,900,000 shares, representing 3% for ¥10,000 million. SHIFT Inc. (TSE:3697) announces a share repurchase program. Under the program, the company will repurchase up to 7,900,000 shares, representing 3% of its issued share capital (excluding treasury stock), for a total purchase price of ¥10,000 million. The program is being conducted as a growth strategy investment. The program will continue through March 31, 2026. As of August 31, 2025, the company had 263,285,170 issued shares and 4,215,500 treasury shares. お知らせ • Nov 20
SHIFT Inc. to Report Q1, 2026 Results on Jan 14, 2026 SHIFT Inc. announced that they will report Q1, 2026 results on Jan 14, 2026 お知らせ • Aug 27
SHIFT Inc. to Report Fiscal Year 2025 Results on Oct 14, 2025 SHIFT Inc. announced that they will report fiscal year 2025 results on Oct 14, 2025 お知らせ • Aug 08
SHIFT Inc. (TSE:3697) agreed to acquire 5.70% stake in Comware Co., Ltd. for ¥81 million. SHIFT Inc. (TSE:3697) agreed to acquire 5.70% stake in Comware Co., Ltd. for ¥81 million on August 7, 2025. A cash consideration of ¥81 million will be paid by SHIFT Inc. As part of consideration, ¥81 million is paid towards common equity of Comware Co., Ltd. The expected completion of the transaction is August 8, 2025. お知らせ • Jul 09
SHIFT Inc. Revises Consolidated Financial Forecast for the Fiscal Year Ending August 31, 2025 SHIFT Inc. revised consolidated financial forecast for the fiscal year Ending August 31, 2025. For the period, the company expects Net sales of JPY 130,000 Million. Operating profit of JPY 15,000 Million. Profit attributable to owners of parent of JPY 7,900 Million. Basic earnings per share of JPY 30.02. お知らせ • May 10
SHIFT Inc. to Report Q3, 2025 Results on Jul 09, 2025 SHIFT Inc. announced that they will report Q3, 2025 results on Jul 09, 2025 お知らせ • Apr 11
Shift Inc. Provides Consolidated Earnings Forecast for the Year Ending August 31, 2025 SHIFT Inc. provided consolidated earnings forecast for the year ending August 31, 2025. For the period, the company expects Net sales of JPY 130,000 Million. Operating profit of JPY 13,500 Million. Profit attributable to owners of parent of JPY 7,900 Million. Basic earnings per share of JPY 30.02. お知らせ • Feb 14
SHIFT Inc. to Report Q2, 2025 Results on Apr 10, 2025 SHIFT Inc. announced that they will report Q2, 2025 results on Apr 10, 2025 お知らせ • Nov 27
SHIFT Inc. to Report Q1, 2025 Results on Jan 14, 2025 SHIFT Inc. announced that they will report Q1, 2025 results on Jan 14, 2025 New Risk • Nov 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.6% Last year net profit margin: 7.1% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Profit margins are more than 30% lower than last year (4.6% net profit margin). Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €75.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the IT industry in Germany. Total loss to shareholders of 59% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €139 per share. お知らせ • Aug 20
SHIFT Inc. to Report Fiscal Year 2024 Results on Oct 10, 2024 SHIFT Inc. announced that they will report fiscal year 2024 results on Oct 10, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €55.50, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 15x in the IT industry in Germany. Total loss to shareholders of 66% over the past three years. Reported Earnings • Jul 12
Third quarter 2024 earnings released: EPS: JP¥18.07 (vs JP¥102 in 3Q 2023) Third quarter 2024 results: EPS: JP¥18.07 (down from JP¥102 in 3Q 2023). Revenue: JP¥28.8b (up 25% from 3Q 2023). Net income: JP¥318.0m (down 82% from 3Q 2023). Profit margin: 1.1% (down from 7.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Germany. 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 25% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to €62.50, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 15x in the IT industry in Germany. Total loss to shareholders of 58% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €113 per share. Buy Or Sell Opportunity • Jul 10
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 40% to €74.00. The fair value is estimated to be €99.41, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Buy Or Sell Opportunity • May 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 44% to €94.50. The fair value is estimated to be €119, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. お知らせ • May 23
SHIFT Inc. to Report Q3, 2024 Results on Jul 10, 2024 SHIFT Inc. announced that they will report Q3, 2024 results on Jul 10, 2024 Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €102, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 17x in the IT industry in Germany. Total loss to shareholders of 3.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €121 per share. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €91.00, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the IT industry in Germany. Total loss to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €123 per share. Buy Or Sell Opportunity • Apr 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 36% to €98.50. The fair value is estimated to be €123, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings are also forecast to grow by 28% per annum over the same time period. Reported Earnings • Apr 12
Second quarter 2024 earnings released: EPS: JP¥107 (vs JP¥53.98 in 2Q 2023) Second quarter 2024 results: EPS: JP¥107 (up from JP¥53.98 in 2Q 2023). Revenue: JP¥27.2b (up 30% from 2Q 2023). Net income: JP¥1.88b (up 98% from 2Q 2023). Profit margin: 6.9% (up from 4.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Mar 19
Now 23% overvalued Over the last 90 days, the stock has fallen 32% to €152. The fair value is estimated to be €124, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings are also forecast to grow by 28% per annum over the same time period. Buy Or Sell Opportunity • Feb 27
Now 24% overvalued Over the last 90 days, the stock has fallen 19% to €165. The fair value is estimated to be €133, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. お知らせ • Feb 07
SHIFT Inc. to Report Q2, 2024 Results on Apr 11, 2024 SHIFT Inc. announced that they will report Q2, 2024 results on Apr 11, 2024 Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to €154, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 18x in the IT industry in Germany. Total loss to shareholders of 7.8% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €116 per share. New Risk • Jan 17
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 German stocks, typically moving 7.4% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jan 15
First quarter 2024 earnings released: EPS: JP¥62.27 (vs JP¥69.96 in 1Q 2023) First quarter 2024 results: EPS: JP¥62.27 (down from JP¥69.96 in 1Q 2023). Revenue: JP¥25.1b (up 30% from 1Q 2023). Net income: JP¥1.10b (down 11% from 1Q 2023). Profit margin: 4.4% (down from 6.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. Board Change • Dec 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Yusuke Arai 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. お知らせ • Nov 30
SHIFT Inc. to Report Q1, 2024 Results on Jan 12, 2024 SHIFT Inc. announced that they will report Q1, 2024 results on Jan 12, 2024 Reported Earnings • Oct 15
Full year 2023 earnings released: EPS: JP¥355 (vs JP¥283 in FY 2022) Full year 2023 results: EPS: JP¥355 (up from JP¥283 in FY 2022). Revenue: JP¥88.0b (up 36% from FY 2022). Net income: JP¥6.25b (up 26% from FY 2022). Profit margin: 7.1% (down from 7.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the IT industry in Germany. Board Change • Jul 26
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO & Director Taichi Hattori was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.