Frontier Management（7038）株式概要フロンティア・マネジメント(株)は、日本、アジア、中華人民共和国、欧州、米国において、経営・財務支援サービスを提供しています。 詳細7038 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性3/6配当金0/6リスク分析過去5年間で収益は年間54%減少しました。 意味のある時価総額がありません ( ¥7B )すべてのリスクチェックを見る7038 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥613.0074.2% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-1b31b2016201920222025202620282031Revenue JP¥31.4bEarnings JP¥2.5bAdvancedSet Fair ValueView all narrativesFrontier Management Inc. 競合他社LTSSymbol: TSE:6560Market cap: JP¥7.6bBRIDGE International GroupSymbol: TSE:7039Market cap: JP¥6.2bRise Consulting GroupSymbol: TSE:9168Market cap: JP¥9.1bNexyz. GroupSymbol: TSE:4346Market cap: JP¥10.0b価格と性能株価の高値、安値、推移の概要Frontier Management過去の株価現在の株価JP¥613.0052週高値JP¥744.0052週安値JP¥526.00ベータ0.551ヶ月の変化9.27%3ヶ月変化16.10%1年変化-16.60%3年間の変化-51.73%5年間の変化-46.09%IPOからの変化-59.13%最新ニュースReported Earnings • May 18First quarter 2026 earnings released: JP¥6.89 loss per share (vs JP¥11.02 loss in 1Q 2025)First quarter 2026 results: JP¥6.89 loss per share (improved from JP¥11.02 loss in 1Q 2025). Revenue: JP¥3.38b (up 39% from 1Q 2025). Net loss: JP¥81.0m (loss narrowed 37% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.お知らせ • May 13+ 1 more updateFrontier Management Inc. to Report Q2, 2026 Results on Aug 14, 2026Frontier Management Inc. announced that they will report Q2, 2026 results on Aug 14, 2026Board Change • Apr 09No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Takeshi Umemoto was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 14Full year 2025 earnings released: JP¥94.04 loss per share (vs JP¥59.13 loss in FY 2024)Full year 2025 results: JP¥94.04 loss per share (further deteriorated from JP¥59.13 loss in FY 2024). Revenue: JP¥13.5b (up 46% from FY 2024). Net loss: JP¥1.11b (loss widened 59% from FY 2024). 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.お知らせ • Feb 14Frontier Management Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2026Frontier Management Inc. provided consolidated earnings guidance for the fiscal year ending December 31, 2026. For the year, the company expects net sales of JPY 15,000 million, operating profit of JPY 610 million, profit attributable to owners of parent of JPY 50 million and Basic earnings per share of JPY 4.24.お知らせ • Feb 13Frontier Management Inc., Annual General Meeting, Mar 26, 2026Frontier Management Inc., Annual General Meeting, Mar 26, 2026.最新情報をもっと見るRecent updatesReported Earnings • May 18First quarter 2026 earnings released: JP¥6.89 loss per share (vs JP¥11.02 loss in 1Q 2025)First quarter 2026 results: JP¥6.89 loss per share (improved from JP¥11.02 loss in 1Q 2025). Revenue: JP¥3.38b (up 39% from 1Q 2025). Net loss: JP¥81.0m (loss narrowed 37% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.お知らせ • May 13+ 1 more updateFrontier Management Inc. to Report Q2, 2026 Results on Aug 14, 2026Frontier Management Inc. announced that they will report Q2, 2026 results on Aug 14, 2026Board Change • Apr 09No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Takeshi Umemoto was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 14Full year 2025 earnings released: JP¥94.04 loss per share (vs JP¥59.13 loss in FY 2024)Full year 2025 results: JP¥94.04 loss per share (further deteriorated from JP¥59.13 loss in FY 2024). Revenue: JP¥13.5b (up 46% from FY 2024). Net loss: JP¥1.11b (loss widened 59% from FY 2024). 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.お知らせ • Feb 14Frontier Management Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2026Frontier Management Inc. provided consolidated earnings guidance for the fiscal year ending December 31, 2026. For the year, the company expects net sales of JPY 15,000 million, operating profit of JPY 610 million, profit attributable to owners of parent of JPY 50 million and Basic earnings per share of JPY 4.24.お知らせ • Feb 13Frontier Management Inc., Annual General Meeting, Mar 26, 2026Frontier Management Inc., Annual General Meeting, Mar 26, 2026.分析記事 • Jan 08Frontier Management Inc. (TSE:7038) Might Not Be As Mispriced As It LooksThere wouldn't be many who think Frontier Management Inc.'s ( TSE:7038 ) price-to-sales (or "P/S") ratio of 0.6x is...Reported Earnings • Nov 18Third quarter 2025 earnings released: JP¥12.66 loss per share (vs JP¥10.45 loss in 3Q 2024)Third quarter 2025 results: JP¥12.66 loss per share (further deteriorated from JP¥10.45 loss in 3Q 2024). Revenue: JP¥3.01b (up 37% from 3Q 2024). Net loss: JP¥149.0m (loss widened 21% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.お知らせ • Sep 30Frontier Management Inc. to Report Q3, 2025 Results on Nov 14, 2025Frontier Management Inc. announced that they will report Q3, 2025 results on Nov 14, 2025Reported Earnings • Aug 15Second quarter 2025 earnings releasedSecond quarter 2025 results: JP¥22.83 loss per share. Revenue: JP¥3.34b (up 39% from 2Q 2024). Net loss: JP¥268.6m (flat on 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.お知らせ • Jun 27Frontier Management Inc. to Report Q2, 2025 Results on Aug 13, 2025Frontier Management Inc. announced that they will report Q2, 2025 results on Aug 13, 2025Board Change • Apr 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Hikaru Minami was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.分析記事 • Apr 06Sentiment Still Eluding Frontier Management Inc. (TSE:7038)It's not a stretch to say that Frontier Management Inc.'s ( TSE:7038 ) price-to-sales (or "P/S") ratio of 0.8x right...お知らせ • Mar 25Frontier Management Inc. to Report Q1, 2025 Results on May 14, 2025Frontier Management Inc. announced that they will report Q1, 2025 results on May 14, 2025Buy Or Sell Opportunity • Feb 18Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.7% to JP¥668. The fair value is estimated to be JP¥839, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making.New Risk • Feb 15New major risk - Revenue and earnings growthEarnings have declined by 8.5% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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. Payout ratio: 340% Paying a dividend despite having no free cash flows. Earnings have declined by 8.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (JP¥8.07b market cap, or US$53.0m).Reported Earnings • Feb 15Full year 2024 earnings released: JP¥59.13 loss per share (vs JP¥67.46 profit in FY 2023)Full year 2024 results: JP¥59.13 loss per share (down from JP¥67.46 profit in FY 2023). Revenue: JP¥9.27b (down 7.6% from FY 2023). Net loss: JP¥694.0m (down 189% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 34% 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.分析記事 • Feb 14We Think Frontier Management (TSE:7038) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...お知らせ • Feb 13Frontier Management Inc., Annual General Meeting, Mar 27, 2025Frontier Management Inc., Annual General Meeting, Mar 27, 2025.お知らせ • Jan 03Frontier Management Inc. to Report Fiscal Year 2024 Results on Feb 13, 2025Frontier Management Inc. announced that they will report fiscal year 2024 results on Feb 13, 2025Buy Or Sell Opportunity • Dec 30Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 43% to JP¥715. The fair value is estimated to be JP¥895, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years, while earnings per share has been flat.Upcoming Dividend • Dec 20Upcoming dividend of JP¥42.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.6%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (0.9%).分析記事 • Dec 05Frontier Management's (TSE:7038) Upcoming Dividend Will Be Larger Than Last Year'sFrontier Management Inc. ( TSE:7038 ) has announced that it will be increasing its periodic dividend on the 28th of...Declared Dividend • Dec 05Dividend increased to JP¥42.00Dividend of JP¥42.00 is 2.4% higher than last year. Ex-date: 27th December 2024 Payment date: 28th March 2025 Dividend yield will be 5.4%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not covered by earnings (340% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 6 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 278% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates.Reported Earnings • Nov 15Third quarter 2024 earnings released: JP¥10.39 loss per share (vs JP¥10.63 profit in 3Q 2023)Third quarter 2024 results: JP¥10.39 loss per share (down from JP¥10.63 profit in 3Q 2023). Revenue: JP¥2.19b (down 3.8% from 3Q 2023). Net loss: JP¥122.0m (down 199% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year.分析記事 • Nov 14Calculating The Intrinsic Value Of Frontier Management Inc. (TSE:7038)Key Insights The projected fair value for Frontier Management is JP¥897 based on Dividend Discount Model Current share...分析記事 • Nov 14Frontier Management Inc. (TSE:7038) Shares May Have Slumped 33% But Getting In Cheap Is Still UnlikelyFrontier Management Inc. ( TSE:7038 ) shares have had a horrible month, losing 33% after a relatively good period...Valuation Update With 7 Day Price Move • Nov 14Investor sentiment deteriorates as stock falls 30%After last week's 30% share price decline to JP¥826, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 17x in the Professional Services industry in Japan. Total loss to shareholders of 4.0% over the past three years.お知らせ • Sep 18Frontier Management Inc. to Report Q3, 2024 Results on Nov 13, 2024Frontier Management Inc. announced that they will report Q3, 2024 results on Nov 13, 2024Buy Or Sell Opportunity • Aug 21Now 20% overvaluedOver the last 90 days, the stock has fallen 13% to JP¥1,084. The fair value is estimated to be JP¥902, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 13%.Reported Earnings • Aug 18Second quarter 2024 earnings released: JP¥0.007 loss per share (vs JP¥12.71 profit in 2Q 2023)Second quarter 2024 results: JP¥0.007 loss per share (down from JP¥12.71 profit in 2Q 2023). Revenue: JP¥2.40b (up 2.6% from 2Q 2023). Net loss: JP¥87.0k (down 100% from profit in 2Q 2023). Profit margin: 0% (down from 6.2% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.分析記事 • Aug 05Frontier Management Inc. (TSE:7038) May Have Run Too Fast Too Soon With Recent 35% Price PlummetUnfortunately for some shareholders, the Frontier Management Inc. ( TSE:7038 ) share price has dived 35% in the last...New Risk • Aug 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risks Dividend is not well covered by cash flows (266% cash payout ratio). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (JP¥9.36b market cap, or US$65.8m).Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 33%After last week's 33% share price decline to JP¥797, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 16x in the Professional Services industry in Japan. Total loss to shareholders of 15% over the past three years.分析記事 • Aug 03A Look At The Intrinsic Value Of Frontier Management Inc. (TSE:7038)Key Insights Using the Dividend Discount Model, Frontier Management fair value estimate is JP¥896 With JP¥1,041 share...お知らせ • Jun 17Frontier Management Inc. to Report Q2, 2024 Results on Aug 13, 2024Frontier Management Inc. announced that they will report Q2, 2024 results on Aug 13, 2024Reported Earnings • May 18First quarter 2024 earnings released: EPS: JP¥1.11 (vs JP¥22.67 in 1Q 2023)First quarter 2024 results: EPS: JP¥1.11 (down from JP¥22.67 in 1Q 2023). Revenue: JP¥2.16b (down 19% from 1Q 2023). Net income: JP¥13.0m (down 95% from 1Q 2023). Profit margin: 0.6% (down from 9.8% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • May 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,262, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total loss to shareholders of 1.9% over the past three years.お知らせ • Mar 31Frontier Management Inc. to Report Q1, 2024 Results on May 14, 2024Frontier Management Inc. announced that they will report Q1, 2024 results on May 14, 2024分析記事 • Feb 29Why Investors Shouldn't Be Surprised By Frontier Management Inc.'s (TSE:7038) 25% Share Price SurgeFrontier Management Inc. ( TSE:7038 ) shareholders have had their patience rewarded with a 25% share price jump in the...Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥1,855, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 9.5% over the past three years.Reported Earnings • Feb 16Full year 2023 earnings released: EPS: JP¥67.46 (vs JP¥48.61 in FY 2022)Full year 2023 results: EPS: JP¥67.46 (up from JP¥48.61 in FY 2022). Revenue: JP¥10.0b (up 27% from FY 2022). Net income: JP¥780.0m (up 40% from FY 2022). Profit margin: 7.8% (up from 7.0% in FY 2022). The increase in margin was driven by higher revenue. 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.Buy Or Sell Opportunity • Feb 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to JP¥1,796. The fair value is estimated to be JP¥1,479, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 21%.お知らせ • Feb 14+ 3 more updatesFrontier Management Inc. Announces Management ChangesThe board of directors of Frontier Management Inc. meeting held on February 14, 2024, approved to change the Representative Director as follows. The company announced retirement of Masahiro Matsuoka as Representative Director, Co-President of the company. With the retirement of Mr. Masahiro Matsuoka, Representative Director Shoichiro Onishi will become President. Mr. Masahiro Matsuoka is scheduled to retire from a Director of the Company at the conclusion of the 17th Ordinary General Meeting of Shareholders on March 27, 2024.お知らせ • Dec 29Frontier Management Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024Frontier Management Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024Upcoming Dividend • Dec 21Upcoming dividend of JP¥28.00 per share at 1.8% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 27 March 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.2%).お知らせ • Dec 15Frontier Management Inc. Announces Board ChangesFrontier Management Inc. announced that Mr. Nobumichi Hattori, who served as an Audit & Supervisory Board Member, will resign from the position, and in order to meet the statutory number of Audit & Supervisory Board Members, and also announced that Substitute Audit & Supervisory Board Member Ms. Hiroko Noda will be appointed as an Audit & Supervisory Board Member effective on December 31, 2023.Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: JP¥10.63 (vs JP¥6.46 in 3Q 2022)Third quarter 2023 results: EPS: JP¥10.63 (up from JP¥6.46 in 3Q 2022). Revenue: JP¥2.28b (up 19% from 3Q 2022). Net income: JP¥123.0m (up 66% from 3Q 2022). Profit margin: 5.4% (up from 3.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.New Risk • Oct 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% 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: 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 (5.4% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding).お知らせ • Sep 28Frontier Management Inc. to Report Q3, 2023 Results on Nov 10, 2023Frontier Management Inc. announced that they will report Q3, 2023 results on Nov 10, 2023New Risk • Aug 17New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥14.4b (US$98.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥14.4b market cap, or US$98.5m).Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: JP¥12.71 (vs JP¥3.58 in 2Q 2022)Second quarter 2023 results: EPS: JP¥12.71 (up from JP¥3.58 in 2Q 2022). Revenue: JP¥2.34b (up 34% from 2Q 2022). Net income: JP¥146.0m (up 256% from 2Q 2022). Profit margin: 6.2% (up from 2.3% in 2Q 2022). The increase in margin was driven by higher revenue. 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 18% per year, which means it is significantly lagging earnings.お知らせ • Jun 30Frontier Management Inc. to Report Q2, 2023 Results on Aug 10, 2023Frontier Management Inc. announced that they will report Q2, 2023 results on Aug 10, 2023Reported Earnings • May 18First quarter 2023 earnings released: EPS: JP¥22.67 (vs JP¥20.71 in 1Q 2022)First quarter 2023 results: EPS: JP¥22.67 (up from JP¥20.71 in 1Q 2022). Revenue: JP¥2.65b (up 19% from 1Q 2022). Net income: JP¥260.0m (up 10% from 1Q 2022). Profit margin: 9.8% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥1,105, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 17x in the Professional Services industry in Japan. Total loss to shareholders of 21% over the past three years.Reported Earnings • Mar 29Full year 2022 earnings released: EPS: JP¥48.61 (vs JP¥29.64 in FY 2021)Full year 2022 results: EPS: JP¥48.61 (up from JP¥29.64 in FY 2021). Revenue: JP¥7.92b (up 38% from FY 2021). Net income: JP¥556.0m (up 65% from FY 2021). Profit margin: 7.0% (up from 5.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥964, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 20% over the past three years.Valuation Update With 7 Day Price Move • Feb 17Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,289, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 19x in the Professional Services industry in Japan. Total returns to shareholders of 51% over the past three years.Reported Earnings • Feb 12Full year 2022 earnings released: EPS: JP¥48.61 (vs JP¥29.64 in FY 2021)Full year 2022 results: EPS: JP¥48.61 (up from JP¥29.64 in FY 2021). Revenue: JP¥7.92b (up 38% from FY 2021). Net income: JP¥556.0m (up 65% from FY 2021). Profit margin: 7.0% (up from 5.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Feb 11Frontier Management Inc. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2022Frontier Management Inc. provided earnings guidance for the fiscal year ending December 31, 2022. For the period, the company expects net sales to be JPY 10,000 million, operating income to be JPY 1,200 million, net income attributable to owners of parent to be JPY 700 million and net income per share to be JPY 61.06.お知らせ • Feb 10+ 1 more updateFrontier Management Inc., Annual General Meeting, Mar 24, 2023Frontier Management Inc., Annual General Meeting, Mar 24, 2023. Agenda: Annual General Meeting.お知らせ • Jan 02Frontier Management Inc. to Report Fiscal Year 2022 Results on Feb 10, 2023Frontier Management Inc. announced that they will report fiscal year 2022 results on Feb 10, 2023お知らせ • Dec 28Frontier Management Inc. Announces Revision of Dividend PolicyFrontier Management Inc. announced that at the Board of Directors meeting held on December 27, 2022, FMI resolved to revise the dividend policy as follows. Contents of the review (Before revision): FMI's basic policy on profit distribution is to continue paying stable dividends while securing the internal reserves necessary for future business development and strengthening the management structure. The dividend payout ratio is targeted at 40% of consolidated net income in light of FMI Group's consolidated performance, financial position, economic conditions, and other factors. (after revision): FMI's basic policy on profit distribution is to continue paying stable dividends while securing the internal reserves necessary for future business development and strengthening the management structure. The dividend payout ratio is targeted at 40% of consolidated net income excluding consolidated subsidiary Frontier Capital Inc. (hereafter the FCI) in light of FMI Group's consolidated performance, financial position, economic conditions, and other factors. (dividend payments from FCI to FMI, if any, will be paid to FMI stockholders in accordance with the payout ratio target). Reason for review: FMI's basic policy on profit distribution is to continue paying stable dividends while securing internal reserves necessary for future business development and strengthening of the management structure. FMI's dividend policy is to target a dividend payout ratio of 40% of consolidated net income. On the other hand, FMI believe that the loss related to the start-up of FCI business does not correspond to FMI's basic policy on dividends, and that the loss on the start-up of the business does not correspond to FMI's basic policy on dividends. In addition, if FCI invests in a company that becomes a consolidated subsidiary of FCI in the future, it temporarily increases or decreases FMI's consolidated net income for accounting purposes, but in reality, it does not affect the increase or decrease of FMI's dividend resources. In order to realize stable dividends in the medium to long term, FMI will review and clarify FMI's dividend policy, considering that it is appropriate to deduct FCI profit and loss from FMI's consolidated net income and consider a specific dividend payout ratio target of 40%. Period of Application: The year-end dividend for the year ended December 31, 2022 will be adopted.お知らせ • Dec 11Frontier Management Inc. Announces Executive Changes, Effective January 1, 2023Frontier Management Inc. appointed Sumio Nishizawa to new positions Managing Executive Officer; General Manager of Business Development Department; General Manager, Osaka Branch; General Manager, Fukuoka Branch and Adviser of Frontier Capital Inc. from former positions Managing Director and Executive Officer; General Manager of Business Development Department; General Manager, Osaka Branch and Adviser, Frontier Capital Corporation. ShinjiHikoe to new positions Executive Officers; Management Consulting Department; Deputy Head of Division; General Manager of Corporate Reform Department and Co-General Manager, Transaction Advisory Department from former positions Executive Officers; Management Consulting Department; Deputy Head of Division; General Manager of Corporate Reform Department and Professional Services department co general manager. Tomohiro Murata to new positions Executive Officers and Head of Industry Research Department from former positions Executive Officers. All the above effective from January 1, 2023.Board Change • Nov 16Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Outside Director Keiko Unotoro is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: JP¥6.46 (vs JP¥0.18 loss in 3Q 2021)Third quarter 2022 results: EPS: JP¥6.46 (up from JP¥0.18 loss in 3Q 2021). Revenue: JP¥1.92b (up 46% from 3Q 2021). Net income: JP¥74.0m (up JP¥76.0m from 3Q 2021). Profit margin: 3.9% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Nov 12Frontier Management Inc. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2022Frontier Management Inc. provided earnings guidance for the fiscal year ending December 31, 2022. For the period, the company expects net sales to be JPY 8,000 million, operating income to be JPY 1,000 million, net income attributable to owners of parent to be JPY 600 million and net income per share to be JPY 52.45.Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: JP¥3.58 (vs JP¥1.50 loss in 2Q 2021)Second quarter 2022 results: EPS: JP¥3.58 (up from JP¥1.50 loss in 2Q 2021). Revenue: JP¥1.75b (up 40% from 2Q 2021). Net income: JP¥41.0m (up JP¥58.0m from 2Q 2021). Profit margin: 2.3% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 13Frontier Management Inc. Provides Earnings Forecasts for the Fiscal Year of 2022Frontier Management Inc. provided earnings forecasts for the fiscal year of 2022. For the year, company expects net sales to be JPY 7,000 million, Operating income to be JPY 800 million, Net income attributable to owners of parent to be JPY 500 million and Net income per share to be JPY 43.88.お知らせ • Aug 12Frontier Management Announces Notice of Revision of Dividend Payout RatioFrontier Management Inc. announced that at the Board of Directors meeting held on August 12, 2022, FMI resolved to change the dividend payout ratio to be targeted from the fiscal year ending December 31, 2022. as follows. FMI basic policy for profit distribution is to continue paying stable dividends while retaining the internal reserves necessary for future business development and strengthening FMI management structure. Based on the above basic policy, FMI have targeted a dividend payout ratio of 30% of consolidated net income. However, in light of the Group's consolidated performance, financial position, economic conditions, and other factors, FMI have decided to target a dividend payout ratio of 40% of consolidated net income for the fiscal year under review. Reason for review: To enhance shareholder returns and expand the shareholder base. Timing of the review: This will be applied from the fiscal year ended December 2022.Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥1,443, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 161% over the past three years.お知らせ • May 29Frontier Management Inc. to Report Q2, 2022 Results on Aug 12, 2022Frontier Management Inc. announced that they will report Q2, 2022 results on Aug 12, 2022Valuation Update With 7 Day Price Move • May 20Investor sentiment improved over the past weekAfter last week's 42% share price gain to JP¥1,316, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 17x in the Professional Services industry in Japan. Total returns to shareholders of 155% over the past three years.Reported Earnings • May 16First quarter 2022 earnings released: EPS: JP¥20.71 (vs JP¥5.93 in 1Q 2021)First quarter 2022 results: EPS: JP¥20.71 (up from JP¥5.93 in 1Q 2021). Revenue: JP¥2.22b (up 67% from 1Q 2021). Net income: JP¥236.0m (up 247% from 1Q 2021). Profit margin: 11% (up from 5.1% in 1Q 2021). The increase in margin was driven by higher revenue. 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 23% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • May 15Frontier Management Inc. Provides Earnings Guidance for the Full Year Ending December 31, 2022Frontier Management Inc. provided earnings guidance for the full year ending December 31, 2022. For the period, the company expects Net sales of JPY 7,000 million, Operating income of JPY 800 million, Net income attributable to owners of parent of JPY 500 million and Net income per share of JPY 43.88.Board Change • Apr 27Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Outside Director Keiko Unotoro is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.お知らせ • Feb 27Frontier Management Inc. to Report Q1, 2022 Results on May 13, 2022Frontier Management Inc. announced that they will report Q1, 2022 results on May 13, 2022Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improved over the past weekAfter last week's 17% share price gain to JP¥811, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total loss to shareholders of 5.4% over the past three years.お知らせ • Feb 12Frontier Management Inc., Annual General Meeting, Mar 24, 2022Frontier Management Inc., Annual General Meeting, Mar 24, 2022. Agenda: To consider the dividend from retained earnings; to consider election of Directors; to consider election of three Audit & Supervisory Board members; and to consider revision of Monetary Compensation for Directors.Reported Earnings • Feb 12Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: JP¥29.64 (down from JP¥36.85 in FY 2020). Revenue: JP¥5.74b (up 11% from FY 2020). Net income: JP¥338.0m (down 20% from FY 2020). Profit margin: 5.9% (down from 8.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. 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 8% per year, which means it is significantly lagging earnings.お知らせ • Feb 11+ 1 more updateFrontier Management Inc. Provides Earnings Guidance for the Year Ending December 31, 2022Frontier Management Inc. provided earnings guidance for the year ending December 31, 2022. For the year, the company expects net sales of ¥7,000 million, operating income of ¥800 million and net income attributable to owners of parent of ¥500 million or ¥43.88 per share.お知らせ • Dec 28Frontier Management Inc. (TSE:7038) agreed to acquire 60.4% stake in Celebrain Corporation from Yasuo Akita, Atsuko Takahashi, Koji Takajo and other two members.Frontier Management Inc. (TSE:7038) agreed to acquire 60.4% stake in Celebrain Corporation from Yasuo Akita, Atsuko Takahashi, Koji Takajo and other two members on December 27, 2021. The board of Frontier Management Inc resolved to acquire as of December 27, 2021. The transaction is for 670 shares. For the year ending December 31, 2020, Celebrain Corporation reported revenue of ¥331 million, EBIT of ¥14 million and net loss of ¥98 million. As of December 31, 2020, Celebrain Corporation had net assets of ¥24 million and total assets of ¥95 million. Significant synergies are expected by acquisition of shares of Celebrane, and FMI will further accelerate the growth strategy as a comprehensive consulting firm. The transaction is expected to close on January 14, 2022.Reported Earnings • Nov 16Third quarter 2021 earnings released: JP¥0.18 loss per share (vs JP¥0.87 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: JP¥1.31b (up 10% from 3Q 2020). Net loss: JP¥2.00m (loss narrowed 80% from 3Q 2020). 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 2% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Aug 24Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥1,030, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 23x in the Professional Services industry in Japan. Total loss to shareholders of 59% over the past year.Board Change • Aug 20Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Keiko Unotoro was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Aug 13Second quarter 2021 earnings released: JP¥1.53 loss per share (vs JP¥1.68 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: JP¥1.25b (up 15% from 2Q 2020). Net loss: JP¥17.4m (loss narrowed 8.6% from 2Q 2020).Reported Earnings • May 16First quarter 2021 earnings released: EPS JP¥5.93 (vs JP¥8.82 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: JP¥1.33b (up 9.5% from 1Q 2020). Net income: JP¥68.0m (down 32% from 1Q 2020). Profit margin: 5.1% (down from 8.2% in 1Q 2020). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to JP¥1,322, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 22x in the Professional Services industry in Japan. Total returns to shareholders of 5.0% over the past year.Reported Earnings • Mar 30Full year 2020 earnings released: EPS JP¥73.70 (vs JP¥37.62 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: JP¥5.19b (up 8.8% from FY 2019). Net income: JP¥420.0m (down 2.1% from FY 2019). Profit margin: 8.1% (down from 9.0% in FY 2019). The decrease in margin was driven by higher expenses.お知らせ • Feb 28Frontier Management Inc. to Report Q1, 2021 Results on Apr 27, 2021Frontier Management Inc. announced that they will report Q1, 2021 results on Apr 27, 2021Reported Earnings • Feb 11Full year 2020 earnings released: EPS JP¥36.90 (vs JP¥37.62 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: JP¥5.19b (up 8.8% from FY 2019). Net income: JP¥420.5m (down 2.0% from FY 2019). Profit margin: 8.1% (down from 9.0% in FY 2019). The decrease in margin was driven by higher expenses.Analyst Estimate Surprise Post Earnings • Feb 11Revenue and earnings miss expectationsRevenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 14%, compared to a 5.3% growth forecast for the Professional Services industry in Japan.株主還元7038JP Professional ServicesJP 市場7D1.3%0.2%4.7%1Y-16.6%20.8%46.9%株主還元を見る業界別リターン: 7038過去 1 年間で20.8 % の収益を上げたJP Professional Services業界を下回りました。リターン対市場: 7038は、過去 1 年間で46.9 % のリターンを上げたJP市場を下回りました。価格変動Is 7038's price volatile compared to industry and market?7038 volatility7038 Average Weekly Movement3.6%Professional Services Industry Average Movement3.8%Market Average Movement4.6%10% most volatile stocks in JP Market9.3%10% least volatile stocks in JP Market2.3%安定した株価: 7038 、 JP市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 7038の 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2007417Shoichiro Onishiwww.frontier-mgmt.comフロンティア・マネジメント(株)は、日本、アジア、中華人民共和国、欧州、米国において運用・財務支援サービスを提供している。フロンティア・マネジメントは、コンサルティング・アドバイザリー・サービスと投資サービスの2つの分野で事業を展開している。経営コンサルティング、エグゼクティブサポート、M&Aアドバイザリー、事業再生、デジタルトランスフォーメーション、ヒューマンキャピタルマネジメント、ガバナンス・リスク・コンプライアンス、事業承継コンサルティング、投資事業ソリューションなどを提供している。また、各種制度に関するアドバイザリー、教育研修、資金調達支援も行っている。フロンティア・マネジメントは2007年に設立され、東京に本社を置いています。もっと見るFrontier Management Inc. 基礎のまとめFrontier Management の収益と売上を時価総額と比較するとどうか。7038 基礎統計学時価総額JP¥7.22b収益（TTM）-JP¥1.06b売上高(TTM)JP¥14.43b0.5xP/Sレシオ-6.8xPER（株価収益率7038 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計7038 損益計算書（TTM）収益JP¥14.43b売上原価JP¥9.37b売上総利益JP¥5.06bその他の費用JP¥6.12b収益-JP¥1.06b直近の収益報告Mar 31, 2026次回決算日Aug 14, 2026一株当たり利益（EPS）-89.81グロス・マージン35.09%純利益率-7.33%有利子負債／自己資本比率52.7%7038 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/21 10:40終値2026/06/19 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Frontier Management Inc. 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。0
Reported Earnings • May 18First quarter 2026 earnings released: JP¥6.89 loss per share (vs JP¥11.02 loss in 1Q 2025)First quarter 2026 results: JP¥6.89 loss per share (improved from JP¥11.02 loss in 1Q 2025). Revenue: JP¥3.38b (up 39% from 1Q 2025). Net loss: JP¥81.0m (loss narrowed 37% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
お知らせ • May 13+ 1 more updateFrontier Management Inc. to Report Q2, 2026 Results on Aug 14, 2026Frontier Management Inc. announced that they will report Q2, 2026 results on Aug 14, 2026
Board Change • Apr 09No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Takeshi Umemoto was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 14Full year 2025 earnings released: JP¥94.04 loss per share (vs JP¥59.13 loss in FY 2024)Full year 2025 results: JP¥94.04 loss per share (further deteriorated from JP¥59.13 loss in FY 2024). Revenue: JP¥13.5b (up 46% from FY 2024). Net loss: JP¥1.11b (loss widened 59% from FY 2024). 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.
お知らせ • Feb 14Frontier Management Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2026Frontier Management Inc. provided consolidated earnings guidance for the fiscal year ending December 31, 2026. For the year, the company expects net sales of JPY 15,000 million, operating profit of JPY 610 million, profit attributable to owners of parent of JPY 50 million and Basic earnings per share of JPY 4.24.
お知らせ • Feb 13Frontier Management Inc., Annual General Meeting, Mar 26, 2026Frontier Management Inc., Annual General Meeting, Mar 26, 2026.
Reported Earnings • May 18First quarter 2026 earnings released: JP¥6.89 loss per share (vs JP¥11.02 loss in 1Q 2025)First quarter 2026 results: JP¥6.89 loss per share (improved from JP¥11.02 loss in 1Q 2025). Revenue: JP¥3.38b (up 39% from 1Q 2025). Net loss: JP¥81.0m (loss narrowed 37% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
お知らせ • May 13+ 1 more updateFrontier Management Inc. to Report Q2, 2026 Results on Aug 14, 2026Frontier Management Inc. announced that they will report Q2, 2026 results on Aug 14, 2026
Board Change • Apr 09No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Takeshi Umemoto was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 14Full year 2025 earnings released: JP¥94.04 loss per share (vs JP¥59.13 loss in FY 2024)Full year 2025 results: JP¥94.04 loss per share (further deteriorated from JP¥59.13 loss in FY 2024). Revenue: JP¥13.5b (up 46% from FY 2024). Net loss: JP¥1.11b (loss widened 59% from FY 2024). 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.
お知らせ • Feb 14Frontier Management Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2026Frontier Management Inc. provided consolidated earnings guidance for the fiscal year ending December 31, 2026. For the year, the company expects net sales of JPY 15,000 million, operating profit of JPY 610 million, profit attributable to owners of parent of JPY 50 million and Basic earnings per share of JPY 4.24.
お知らせ • Feb 13Frontier Management Inc., Annual General Meeting, Mar 26, 2026Frontier Management Inc., Annual General Meeting, Mar 26, 2026.
分析記事 • Jan 08Frontier Management Inc. (TSE:7038) Might Not Be As Mispriced As It LooksThere wouldn't be many who think Frontier Management Inc.'s ( TSE:7038 ) price-to-sales (or "P/S") ratio of 0.6x is...
Reported Earnings • Nov 18Third quarter 2025 earnings released: JP¥12.66 loss per share (vs JP¥10.45 loss in 3Q 2024)Third quarter 2025 results: JP¥12.66 loss per share (further deteriorated from JP¥10.45 loss in 3Q 2024). Revenue: JP¥3.01b (up 37% from 3Q 2024). Net loss: JP¥149.0m (loss widened 21% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance.
お知らせ • Sep 30Frontier Management Inc. to Report Q3, 2025 Results on Nov 14, 2025Frontier Management Inc. announced that they will report Q3, 2025 results on Nov 14, 2025
Reported Earnings • Aug 15Second quarter 2025 earnings releasedSecond quarter 2025 results: JP¥22.83 loss per share. Revenue: JP¥3.34b (up 39% from 2Q 2024). Net loss: JP¥268.6m (flat on 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 27Frontier Management Inc. to Report Q2, 2025 Results on Aug 13, 2025Frontier Management Inc. announced that they will report Q2, 2025 results on Aug 13, 2025
Board Change • Apr 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Hikaru Minami was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
分析記事 • Apr 06Sentiment Still Eluding Frontier Management Inc. (TSE:7038)It's not a stretch to say that Frontier Management Inc.'s ( TSE:7038 ) price-to-sales (or "P/S") ratio of 0.8x right...
お知らせ • Mar 25Frontier Management Inc. to Report Q1, 2025 Results on May 14, 2025Frontier Management Inc. announced that they will report Q1, 2025 results on May 14, 2025
Buy Or Sell Opportunity • Feb 18Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 9.7% to JP¥668. The fair value is estimated to be JP¥839, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making.
New Risk • Feb 15New major risk - Revenue and earnings growthEarnings have declined by 8.5% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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. Payout ratio: 340% Paying a dividend despite having no free cash flows. Earnings have declined by 8.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (JP¥8.07b market cap, or US$53.0m).
Reported Earnings • Feb 15Full year 2024 earnings released: JP¥59.13 loss per share (vs JP¥67.46 profit in FY 2023)Full year 2024 results: JP¥59.13 loss per share (down from JP¥67.46 profit in FY 2023). Revenue: JP¥9.27b (down 7.6% from FY 2023). Net loss: JP¥694.0m (down 189% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 34% 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.
分析記事 • Feb 14We Think Frontier Management (TSE:7038) Can Stay On Top Of Its DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
お知らせ • Feb 13Frontier Management Inc., Annual General Meeting, Mar 27, 2025Frontier Management Inc., Annual General Meeting, Mar 27, 2025.
お知らせ • Jan 03Frontier Management Inc. to Report Fiscal Year 2024 Results on Feb 13, 2025Frontier Management Inc. announced that they will report fiscal year 2024 results on Feb 13, 2025
Buy Or Sell Opportunity • Dec 30Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 43% to JP¥715. The fair value is estimated to be JP¥895, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years, while earnings per share has been flat.
Upcoming Dividend • Dec 20Upcoming dividend of JP¥42.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 5.6%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (0.9%).
分析記事 • Dec 05Frontier Management's (TSE:7038) Upcoming Dividend Will Be Larger Than Last Year'sFrontier Management Inc. ( TSE:7038 ) has announced that it will be increasing its periodic dividend on the 28th of...
Declared Dividend • Dec 05Dividend increased to JP¥42.00Dividend of JP¥42.00 is 2.4% higher than last year. Ex-date: 27th December 2024 Payment date: 28th March 2025 Dividend yield will be 5.4%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not covered by earnings (340% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 6 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 278% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates.
Reported Earnings • Nov 15Third quarter 2024 earnings released: JP¥10.39 loss per share (vs JP¥10.63 profit in 3Q 2023)Third quarter 2024 results: JP¥10.39 loss per share (down from JP¥10.63 profit in 3Q 2023). Revenue: JP¥2.19b (down 3.8% from 3Q 2023). Net loss: JP¥122.0m (down 199% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year.
分析記事 • Nov 14Calculating The Intrinsic Value Of Frontier Management Inc. (TSE:7038)Key Insights The projected fair value for Frontier Management is JP¥897 based on Dividend Discount Model Current share...
分析記事 • Nov 14Frontier Management Inc. (TSE:7038) Shares May Have Slumped 33% But Getting In Cheap Is Still UnlikelyFrontier Management Inc. ( TSE:7038 ) shares have had a horrible month, losing 33% after a relatively good period...
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment deteriorates as stock falls 30%After last week's 30% share price decline to JP¥826, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 17x in the Professional Services industry in Japan. Total loss to shareholders of 4.0% over the past three years.
お知らせ • Sep 18Frontier Management Inc. to Report Q3, 2024 Results on Nov 13, 2024Frontier Management Inc. announced that they will report Q3, 2024 results on Nov 13, 2024
Buy Or Sell Opportunity • Aug 21Now 20% overvaluedOver the last 90 days, the stock has fallen 13% to JP¥1,084. The fair value is estimated to be JP¥902, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 13%.
Reported Earnings • Aug 18Second quarter 2024 earnings released: JP¥0.007 loss per share (vs JP¥12.71 profit in 2Q 2023)Second quarter 2024 results: JP¥0.007 loss per share (down from JP¥12.71 profit in 2Q 2023). Revenue: JP¥2.40b (up 2.6% from 2Q 2023). Net loss: JP¥87.0k (down 100% from profit in 2Q 2023). Profit margin: 0% (down from 6.2% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
分析記事 • Aug 05Frontier Management Inc. (TSE:7038) May Have Run Too Fast Too Soon With Recent 35% Price PlummetUnfortunately for some shareholders, the Frontier Management Inc. ( TSE:7038 ) share price has dived 35% in the last...
New Risk • Aug 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risks Dividend is not well covered by cash flows (266% cash payout ratio). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (JP¥9.36b market cap, or US$65.8m).
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 33%After last week's 33% share price decline to JP¥797, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 16x in the Professional Services industry in Japan. Total loss to shareholders of 15% over the past three years.
分析記事 • Aug 03A Look At The Intrinsic Value Of Frontier Management Inc. (TSE:7038)Key Insights Using the Dividend Discount Model, Frontier Management fair value estimate is JP¥896 With JP¥1,041 share...
お知らせ • Jun 17Frontier Management Inc. to Report Q2, 2024 Results on Aug 13, 2024Frontier Management Inc. announced that they will report Q2, 2024 results on Aug 13, 2024
Reported Earnings • May 18First quarter 2024 earnings released: EPS: JP¥1.11 (vs JP¥22.67 in 1Q 2023)First quarter 2024 results: EPS: JP¥1.11 (down from JP¥22.67 in 1Q 2023). Revenue: JP¥2.16b (down 19% from 1Q 2023). Net income: JP¥13.0m (down 95% from 1Q 2023). Profit margin: 0.6% (down from 9.8% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • May 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,262, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total loss to shareholders of 1.9% over the past three years.
お知らせ • Mar 31Frontier Management Inc. to Report Q1, 2024 Results on May 14, 2024Frontier Management Inc. announced that they will report Q1, 2024 results on May 14, 2024
分析記事 • Feb 29Why Investors Shouldn't Be Surprised By Frontier Management Inc.'s (TSE:7038) 25% Share Price SurgeFrontier Management Inc. ( TSE:7038 ) shareholders have had their patience rewarded with a 25% share price jump in the...
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥1,855, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 9.5% over the past three years.
Reported Earnings • Feb 16Full year 2023 earnings released: EPS: JP¥67.46 (vs JP¥48.61 in FY 2022)Full year 2023 results: EPS: JP¥67.46 (up from JP¥48.61 in FY 2022). Revenue: JP¥10.0b (up 27% from FY 2022). Net income: JP¥780.0m (up 40% from FY 2022). Profit margin: 7.8% (up from 7.0% in FY 2022). The increase in margin was driven by higher revenue. 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.
Buy Or Sell Opportunity • Feb 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 17% to JP¥1,796. The fair value is estimated to be JP¥1,479, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 21%.
お知らせ • Feb 14+ 3 more updatesFrontier Management Inc. Announces Management ChangesThe board of directors of Frontier Management Inc. meeting held on February 14, 2024, approved to change the Representative Director as follows. The company announced retirement of Masahiro Matsuoka as Representative Director, Co-President of the company. With the retirement of Mr. Masahiro Matsuoka, Representative Director Shoichiro Onishi will become President. Mr. Masahiro Matsuoka is scheduled to retire from a Director of the Company at the conclusion of the 17th Ordinary General Meeting of Shareholders on March 27, 2024.
お知らせ • Dec 29Frontier Management Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024Frontier Management Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024
Upcoming Dividend • Dec 21Upcoming dividend of JP¥28.00 per share at 1.8% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 27 March 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.2%).
お知らせ • Dec 15Frontier Management Inc. Announces Board ChangesFrontier Management Inc. announced that Mr. Nobumichi Hattori, who served as an Audit & Supervisory Board Member, will resign from the position, and in order to meet the statutory number of Audit & Supervisory Board Members, and also announced that Substitute Audit & Supervisory Board Member Ms. Hiroko Noda will be appointed as an Audit & Supervisory Board Member effective on December 31, 2023.
Reported Earnings • Nov 11Third quarter 2023 earnings released: EPS: JP¥10.63 (vs JP¥6.46 in 3Q 2022)Third quarter 2023 results: EPS: JP¥10.63 (up from JP¥6.46 in 3Q 2022). Revenue: JP¥2.28b (up 19% from 3Q 2022). Net income: JP¥123.0m (up 66% from 3Q 2022). Profit margin: 5.4% (up from 3.9% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
New Risk • Oct 18New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% 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: 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 (5.4% average weekly change). Shareholders have been diluted in the past year (2.3% increase in shares outstanding).
お知らせ • Sep 28Frontier Management Inc. to Report Q3, 2023 Results on Nov 10, 2023Frontier Management Inc. announced that they will report Q3, 2023 results on Nov 10, 2023
New Risk • Aug 17New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥14.4b (US$98.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥14.4b market cap, or US$98.5m).
Reported Earnings • Aug 12Second quarter 2023 earnings released: EPS: JP¥12.71 (vs JP¥3.58 in 2Q 2022)Second quarter 2023 results: EPS: JP¥12.71 (up from JP¥3.58 in 2Q 2022). Revenue: JP¥2.34b (up 34% from 2Q 2022). Net income: JP¥146.0m (up 256% from 2Q 2022). Profit margin: 6.2% (up from 2.3% in 2Q 2022). The increase in margin was driven by higher revenue. 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 18% per year, which means it is significantly lagging earnings.
お知らせ • Jun 30Frontier Management Inc. to Report Q2, 2023 Results on Aug 10, 2023Frontier Management Inc. announced that they will report Q2, 2023 results on Aug 10, 2023
Reported Earnings • May 18First quarter 2023 earnings released: EPS: JP¥22.67 (vs JP¥20.71 in 1Q 2022)First quarter 2023 results: EPS: JP¥22.67 (up from JP¥20.71 in 1Q 2022). Revenue: JP¥2.65b (up 19% from 1Q 2022). Net income: JP¥260.0m (up 10% from 1Q 2022). Profit margin: 9.8% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥1,105, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 17x in the Professional Services industry in Japan. Total loss to shareholders of 21% over the past three years.
Reported Earnings • Mar 29Full year 2022 earnings released: EPS: JP¥48.61 (vs JP¥29.64 in FY 2021)Full year 2022 results: EPS: JP¥48.61 (up from JP¥29.64 in FY 2021). Revenue: JP¥7.92b (up 38% from FY 2021). Net income: JP¥556.0m (up 65% from FY 2021). Profit margin: 7.0% (up from 5.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥964, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 20% over the past three years.
Valuation Update With 7 Day Price Move • Feb 17Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,289, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 19x in the Professional Services industry in Japan. Total returns to shareholders of 51% over the past three years.
Reported Earnings • Feb 12Full year 2022 earnings released: EPS: JP¥48.61 (vs JP¥29.64 in FY 2021)Full year 2022 results: EPS: JP¥48.61 (up from JP¥29.64 in FY 2021). Revenue: JP¥7.92b (up 38% from FY 2021). Net income: JP¥556.0m (up 65% from FY 2021). Profit margin: 7.0% (up from 5.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Feb 11Frontier Management Inc. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2022Frontier Management Inc. provided earnings guidance for the fiscal year ending December 31, 2022. For the period, the company expects net sales to be JPY 10,000 million, operating income to be JPY 1,200 million, net income attributable to owners of parent to be JPY 700 million and net income per share to be JPY 61.06.
お知らせ • Feb 10+ 1 more updateFrontier Management Inc., Annual General Meeting, Mar 24, 2023Frontier Management Inc., Annual General Meeting, Mar 24, 2023. Agenda: Annual General Meeting.
お知らせ • Jan 02Frontier Management Inc. to Report Fiscal Year 2022 Results on Feb 10, 2023Frontier Management Inc. announced that they will report fiscal year 2022 results on Feb 10, 2023
お知らせ • Dec 28Frontier Management Inc. Announces Revision of Dividend PolicyFrontier Management Inc. announced that at the Board of Directors meeting held on December 27, 2022, FMI resolved to revise the dividend policy as follows. Contents of the review (Before revision): FMI's basic policy on profit distribution is to continue paying stable dividends while securing the internal reserves necessary for future business development and strengthening the management structure. The dividend payout ratio is targeted at 40% of consolidated net income in light of FMI Group's consolidated performance, financial position, economic conditions, and other factors. (after revision): FMI's basic policy on profit distribution is to continue paying stable dividends while securing the internal reserves necessary for future business development and strengthening the management structure. The dividend payout ratio is targeted at 40% of consolidated net income excluding consolidated subsidiary Frontier Capital Inc. (hereafter the FCI) in light of FMI Group's consolidated performance, financial position, economic conditions, and other factors. (dividend payments from FCI to FMI, if any, will be paid to FMI stockholders in accordance with the payout ratio target). Reason for review: FMI's basic policy on profit distribution is to continue paying stable dividends while securing internal reserves necessary for future business development and strengthening of the management structure. FMI's dividend policy is to target a dividend payout ratio of 40% of consolidated net income. On the other hand, FMI believe that the loss related to the start-up of FCI business does not correspond to FMI's basic policy on dividends, and that the loss on the start-up of the business does not correspond to FMI's basic policy on dividends. In addition, if FCI invests in a company that becomes a consolidated subsidiary of FCI in the future, it temporarily increases or decreases FMI's consolidated net income for accounting purposes, but in reality, it does not affect the increase or decrease of FMI's dividend resources. In order to realize stable dividends in the medium to long term, FMI will review and clarify FMI's dividend policy, considering that it is appropriate to deduct FCI profit and loss from FMI's consolidated net income and consider a specific dividend payout ratio target of 40%. Period of Application: The year-end dividend for the year ended December 31, 2022 will be adopted.
お知らせ • Dec 11Frontier Management Inc. Announces Executive Changes, Effective January 1, 2023Frontier Management Inc. appointed Sumio Nishizawa to new positions Managing Executive Officer; General Manager of Business Development Department; General Manager, Osaka Branch; General Manager, Fukuoka Branch and Adviser of Frontier Capital Inc. from former positions Managing Director and Executive Officer; General Manager of Business Development Department; General Manager, Osaka Branch and Adviser, Frontier Capital Corporation. ShinjiHikoe to new positions Executive Officers; Management Consulting Department; Deputy Head of Division; General Manager of Corporate Reform Department and Co-General Manager, Transaction Advisory Department from former positions Executive Officers; Management Consulting Department; Deputy Head of Division; General Manager of Corporate Reform Department and Professional Services department co general manager. Tomohiro Murata to new positions Executive Officers and Head of Industry Research Department from former positions Executive Officers. All the above effective from January 1, 2023.
Board Change • Nov 16Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Outside Director Keiko Unotoro is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: JP¥6.46 (vs JP¥0.18 loss in 3Q 2021)Third quarter 2022 results: EPS: JP¥6.46 (up from JP¥0.18 loss in 3Q 2021). Revenue: JP¥1.92b (up 46% from 3Q 2021). Net income: JP¥74.0m (up JP¥76.0m from 3Q 2021). Profit margin: 3.9% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Nov 12Frontier Management Inc. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2022Frontier Management Inc. provided earnings guidance for the fiscal year ending December 31, 2022. For the period, the company expects net sales to be JPY 8,000 million, operating income to be JPY 1,000 million, net income attributable to owners of parent to be JPY 600 million and net income per share to be JPY 52.45.
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: JP¥3.58 (vs JP¥1.50 loss in 2Q 2021)Second quarter 2022 results: EPS: JP¥3.58 (up from JP¥1.50 loss in 2Q 2021). Revenue: JP¥1.75b (up 40% from 2Q 2021). Net income: JP¥41.0m (up JP¥58.0m from 2Q 2021). Profit margin: 2.3% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 13Frontier Management Inc. Provides Earnings Forecasts for the Fiscal Year of 2022Frontier Management Inc. provided earnings forecasts for the fiscal year of 2022. For the year, company expects net sales to be JPY 7,000 million, Operating income to be JPY 800 million, Net income attributable to owners of parent to be JPY 500 million and Net income per share to be JPY 43.88.
お知らせ • Aug 12Frontier Management Announces Notice of Revision of Dividend Payout RatioFrontier Management Inc. announced that at the Board of Directors meeting held on August 12, 2022, FMI resolved to change the dividend payout ratio to be targeted from the fiscal year ending December 31, 2022. as follows. FMI basic policy for profit distribution is to continue paying stable dividends while retaining the internal reserves necessary for future business development and strengthening FMI management structure. Based on the above basic policy, FMI have targeted a dividend payout ratio of 30% of consolidated net income. However, in light of the Group's consolidated performance, financial position, economic conditions, and other factors, FMI have decided to target a dividend payout ratio of 40% of consolidated net income for the fiscal year under review. Reason for review: To enhance shareholder returns and expand the shareholder base. Timing of the review: This will be applied from the fiscal year ended December 2022.
Valuation Update With 7 Day Price Move • Jun 04Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥1,443, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 161% over the past three years.
お知らせ • May 29Frontier Management Inc. to Report Q2, 2022 Results on Aug 12, 2022Frontier Management Inc. announced that they will report Q2, 2022 results on Aug 12, 2022
Valuation Update With 7 Day Price Move • May 20Investor sentiment improved over the past weekAfter last week's 42% share price gain to JP¥1,316, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 17x in the Professional Services industry in Japan. Total returns to shareholders of 155% over the past three years.
Reported Earnings • May 16First quarter 2022 earnings released: EPS: JP¥20.71 (vs JP¥5.93 in 1Q 2021)First quarter 2022 results: EPS: JP¥20.71 (up from JP¥5.93 in 1Q 2021). Revenue: JP¥2.22b (up 67% from 1Q 2021). Net income: JP¥236.0m (up 247% from 1Q 2021). Profit margin: 11% (up from 5.1% in 1Q 2021). The increase in margin was driven by higher revenue. 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 23% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • May 15Frontier Management Inc. Provides Earnings Guidance for the Full Year Ending December 31, 2022Frontier Management Inc. provided earnings guidance for the full year ending December 31, 2022. For the period, the company expects Net sales of JPY 7,000 million, Operating income of JPY 800 million, Net income attributable to owners of parent of JPY 500 million and Net income per share of JPY 43.88.
Board Change • Apr 27Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 4 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Outside Director Keiko Unotoro is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.
お知らせ • Feb 27Frontier Management Inc. to Report Q1, 2022 Results on May 13, 2022Frontier Management Inc. announced that they will report Q1, 2022 results on May 13, 2022
Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improved over the past weekAfter last week's 17% share price gain to JP¥811, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total loss to shareholders of 5.4% over the past three years.
お知らせ • Feb 12Frontier Management Inc., Annual General Meeting, Mar 24, 2022Frontier Management Inc., Annual General Meeting, Mar 24, 2022. Agenda: To consider the dividend from retained earnings; to consider election of Directors; to consider election of three Audit & Supervisory Board members; and to consider revision of Monetary Compensation for Directors.
Reported Earnings • Feb 12Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: JP¥29.64 (down from JP¥36.85 in FY 2020). Revenue: JP¥5.74b (up 11% from FY 2020). Net income: JP¥338.0m (down 20% from FY 2020). Profit margin: 5.9% (down from 8.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. 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 8% per year, which means it is significantly lagging earnings.
お知らせ • Feb 11+ 1 more updateFrontier Management Inc. Provides Earnings Guidance for the Year Ending December 31, 2022Frontier Management Inc. provided earnings guidance for the year ending December 31, 2022. For the year, the company expects net sales of ¥7,000 million, operating income of ¥800 million and net income attributable to owners of parent of ¥500 million or ¥43.88 per share.
お知らせ • Dec 28Frontier Management Inc. (TSE:7038) agreed to acquire 60.4% stake in Celebrain Corporation from Yasuo Akita, Atsuko Takahashi, Koji Takajo and other two members.Frontier Management Inc. (TSE:7038) agreed to acquire 60.4% stake in Celebrain Corporation from Yasuo Akita, Atsuko Takahashi, Koji Takajo and other two members on December 27, 2021. The board of Frontier Management Inc resolved to acquire as of December 27, 2021. The transaction is for 670 shares. For the year ending December 31, 2020, Celebrain Corporation reported revenue of ¥331 million, EBIT of ¥14 million and net loss of ¥98 million. As of December 31, 2020, Celebrain Corporation had net assets of ¥24 million and total assets of ¥95 million. Significant synergies are expected by acquisition of shares of Celebrane, and FMI will further accelerate the growth strategy as a comprehensive consulting firm. The transaction is expected to close on January 14, 2022.
Reported Earnings • Nov 16Third quarter 2021 earnings released: JP¥0.18 loss per share (vs JP¥0.87 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: JP¥1.31b (up 10% from 3Q 2020). Net loss: JP¥2.00m (loss narrowed 80% from 3Q 2020). 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 2% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Aug 24Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥1,030, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 23x in the Professional Services industry in Japan. Total loss to shareholders of 59% over the past year.
Board Change • Aug 20Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Keiko Unotoro was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Aug 13Second quarter 2021 earnings released: JP¥1.53 loss per share (vs JP¥1.68 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: JP¥1.25b (up 15% from 2Q 2020). Net loss: JP¥17.4m (loss narrowed 8.6% from 2Q 2020).
Reported Earnings • May 16First quarter 2021 earnings released: EPS JP¥5.93 (vs JP¥8.82 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: JP¥1.33b (up 9.5% from 1Q 2020). Net income: JP¥68.0m (down 32% from 1Q 2020). Profit margin: 5.1% (down from 8.2% in 1Q 2020). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 22% share price decline to JP¥1,322, the stock trades at a trailing P/E ratio of 35.9x. Average trailing P/E is 22x in the Professional Services industry in Japan. Total returns to shareholders of 5.0% over the past year.
Reported Earnings • Mar 30Full year 2020 earnings released: EPS JP¥73.70 (vs JP¥37.62 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: JP¥5.19b (up 8.8% from FY 2019). Net income: JP¥420.0m (down 2.1% from FY 2019). Profit margin: 8.1% (down from 9.0% in FY 2019). The decrease in margin was driven by higher expenses.
お知らせ • Feb 28Frontier Management Inc. to Report Q1, 2021 Results on Apr 27, 2021Frontier Management Inc. announced that they will report Q1, 2021 results on Apr 27, 2021
Reported Earnings • Feb 11Full year 2020 earnings released: EPS JP¥36.90 (vs JP¥37.62 in FY 2019)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: JP¥5.19b (up 8.8% from FY 2019). Net income: JP¥420.5m (down 2.0% from FY 2019). Profit margin: 8.1% (down from 9.0% in FY 2019). The decrease in margin was driven by higher expenses.
Analyst Estimate Surprise Post Earnings • Feb 11Revenue and earnings miss expectationsRevenue missed analyst estimates by 2.2%. Earnings per share (EPS) also missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 14%, compared to a 5.3% growth forecast for the Professional Services industry in Japan.
