View ValuationThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsForum Engineering 将来の成長Future 基準チェック /06現在、 Forum Engineeringの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率Professional Services 収益成長12.9%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジLow最終更新日19 Sep 2025今後の成長に関する最新情報更新なしすべての更新を表示Recent updatesお知らせ • Mar 02Forum Engineering Inc. (TSE:7088) announces an Equity Buyback for 23,484,373 shares, representing 43.96% for ¥35,931.09 million.Forum Engineering Inc. (TSE:7088) announces a share repurchase program. Under the program, the company will repurchase up to 23,484,373 shares, representing 43.96% of its share capital for ¥35,931.09 million. The shares will be repurchased at purchase price of ¥1,530 per share. If the offer is oversubscribed the company may repurchase up to additional 100 shares. The offer will expire on March 31, 2026. As of March 2, 2026, the company had 53,419,200 shares outstanding.Reported Earnings • Feb 07Third quarter 2026 earnings released: EPS: JP¥14.27 (vs JP¥18.17 in 3Q 2025)Third quarter 2026 results: EPS: JP¥14.27 (down from JP¥18.17 in 3Q 2025). Revenue: JP¥9.68b (up 6.4% from 3Q 2025). Net income: JP¥754.0m (down 21% from 3Q 2025). Profit margin: 7.8% (down from 11% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Professional Services industry in Japan.お知らせ • Dec 24KKR Global Impact Fund II SCSp, managed by KKR & Co. Inc. (NYSE:KKR) completed the acquisition of 55.95% stake in Forum Engineering Inc. (TSE:7088) from Izumi Okubo, La Terre Next General Inc. Association and others for ¥50.9 billion.KKR Global Impact Fund II SCSp, managed by KKR & Co. Inc. (NYSE:KKR) proposed to acquire Forum Engineering Inc. (TSE:7088) from Izumi Okubo, La Terre Next General Inc. Association and others for ¥91 billion on November 10, 2025. As part of acquisition, ¥1,710 per share will be paid. In conjunction with this Tender Offer, KKR has reached an agreement with Izumi Okubo, the founder of Forum Engineering (who holds a 51.7% ownership stake when combined with shares held by La Terre Next General Incorporated Association and and La Terre Holdings Co., Ltd. Following completion of Tender Offer and Self-Tender, Okubo plans to indirectly re-invest via La Terre Next Co., Ltd. in KKR-managed investment vehicles that will own Forum Engineering. Forum Engineering’s Board of Directors has resolved to support the Tender Offer and recommend that shareholders tender their shares. The Tender Offer will commence on November 11, 2025, and is expected to run until December 23, 2025. KKR Global Impact Fund II SCSp, managed by KKR & Co. Inc. (NYSE:KKR) completed the acquisition of 55.95% stake in Forum Engineering Inc. (TSE:7088) from Izumi Okubo, La Terre Next General Inc. Association and others for ¥50.9 billion on December 23, 2025. As the total number of Tendered Shares (29,761,258 shares) exceeds the minimum number of shares to be purchased (15,613,500 shares), as described in the Public Notice for Commencement of Tender Offer and the Tender Offer Registration Statement (including the matters amended in the amendment statements to the Tender Offer Registration Statement that were subsequently submitted), all of the Tendered Shares will be purchased.お知らせ • Nov 29Forum Engineering Inc. to Report Q3, 2026 Results on Feb 05, 2026Forum Engineering Inc. announced that they will report Q3, 2026 results on Feb 05, 2026New Risk • Nov 27New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: JP¥0 (US$0) This is considered a major 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: Major Risk Market cap is less than US$10m (JP¥0 market cap, or US$0). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (7.4% average weekly change).Reported Earnings • Nov 12Second quarter 2026 earnings released: EPS: JP¥16.20 (vs JP¥11.53 in 2Q 2025)Second quarter 2026 results: EPS: JP¥16.20 (up from JP¥11.53 in 2Q 2025). Revenue: JP¥9.25b (up 9.8% from 2Q 2025). Net income: JP¥853.0m (up 41% from 2Q 2025). Profit margin: 9.2% (up from 7.2% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Professional Services industry in Japan.New Risk • Nov 11New 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 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Dividend is not well covered by earnings (95% payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change).Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 27%After last week's 27% share price gain to JP¥1,590, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Professional Services industry in Japan. Total returns to shareholders of 353% over the past three years.お知らせ • Nov 10KKR Global Impact Fund II SCSp, managed by KKR & Co. Inc. (NYSE:KKR) proposed to acquire Forum Engineering Inc. (TSE:7088) from Izumi Okubo, La Terre Next General Inc. Association and others for ¥90 billion.KKR Global Impact Fund II SCSp, managed by KKR & Co. Inc. (NYSE:KKR) proposed to acquire Forum Engineering Inc. (TSE:7088) from Izumi Okubo, La Terre Next General Inc. Association and others for ¥90 billion on November 10, 2025. As part of acquisition, ¥1,710 per share will be paid. In conjunction with this Tender Offer, KKR has reached an agreement with Izumi Okubo, the founder of Forum Engineering (who holds a 51.7% ownership stake when combined with shares held by La Terre Next General Incorporated Association and and La Terre Holdings Co., Ltd. Following completion of Tender Offer and Self-Tender, Okubo plans to indirectly re-invest via La Terre Next Co., Ltd. in KKR-managed investment vehicles that will own Forum Engineering. Forum Engineering’s Board of Directors has resolved to support the Tender Offer and recommend that shareholders tender their shares. The Tender Offer will commence on November 11, 2025, and is expected to run until December 23, 2025.Upcoming Dividend • Sep 22Upcoming dividend of JP¥31.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio and cash payout ratio are on the higher end at 95% and 89% respectively. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%).お知らせ • Sep 19Forum Engineering Inc. to Report Q2, 2026 Results on Nov 10, 2025Forum Engineering Inc. announced that they will report Q2, 2026 results on Nov 10, 2025Reported Earnings • Aug 09First quarter 2026 earnings released: EPS: JP¥15.40 (vs JP¥14.82 in 1Q 2025)First quarter 2026 results: EPS: JP¥15.40 (up from JP¥14.82 in 1Q 2025). Revenue: JP¥9.23b (up 8.2% from 1Q 2025). Net income: JP¥810.0m (up 4.7% from 1Q 2025). Profit margin: 8.8% (down from 9.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Professional Services industry in Japan.Board Change • Jul 23Less 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 Yuriko Yoshitsune was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Declared Dividend • Jul 09Final dividend of JP¥31.00 announcedShareholders will receive a dividend of JP¥31.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 5.2%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio). However, it is covered by cash flows (89% cash payout ratio). The dividend has increased by an average of 44% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 6.9% to bring the payout ratio under control. EPS is expected to grow by 28% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.お知らせ • Jun 25Forum Engineering Inc. Announces Changes in Directors and Executive Officers, Effective June 25, 2025Forum Engineering Inc. announced appointment of Varun Modgill as Director System Development Section - Cognavi System Dept. The company announced Change of Directors who are Audit and Supervisory Committee Members (effective June 25, 2025); Toshihiro Uno as Director (Chairperson of Audit and Supervisory Committee (full-time)), Kazuko Nakada and Yuriko Yoshitsune as Director (Audit and Supervisory Committee Member (Outside)). Yuriko Yoshitsune is a newly appointed Director (Audit and Supervisory Board Member). The company also announced Change in Executive Officer (effective June 25, 2025); Haruo Sato is Retiring as Senior Managing Executive Officer.Reported Earnings • Jun 25Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥55.08 (up from JP¥39.38 in FY 2024). Revenue: JP¥34.7b (up 11% from FY 2024). Net income: JP¥2.88b (up 41% from FY 2024). Profit margin: 8.3% (up from 6.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.7%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Professional Services industry in Japan.分析記事 • May 22Forum Engineering's (TSE:7088) Performance Is Even Better Than Its Earnings SuggestForum Engineering Inc. ( TSE:7088 ) just reported healthy earnings but the stock price didn't move much. Our analysis...Reported Earnings • May 17Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥55.08 (up from JP¥39.38 in FY 2024). Revenue: JP¥34.7b (up 11% from FY 2024). Net income: JP¥2.88b (up 41% from FY 2024). Profit margin: 8.3% (up from 6.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.7%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Professional Services industry in Japan.お知らせ • May 14Forum Engineering Inc., Annual General Meeting, Jun 25, 2025Forum Engineering Inc., Annual General Meeting, Jun 25, 2025.Upcoming Dividend • Mar 21Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. The company is paying out more than 100% of its profits and is paying out 90% of its cash flow. Trailing yield: 5.4%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.1%).お知らせ • Feb 28+ 1 more updateForum Engineering Inc. to Report Fiscal Year 2025 Results on May 14, 2025Forum Engineering Inc. announced that they will report fiscal year 2025 results on May 14, 2025Reported Earnings • Feb 08Third quarter 2025 earnings released: EPS: JP¥18.17 (vs JP¥7.83 in 3Q 2024)Third quarter 2025 results: EPS: JP¥18.17 (up from JP¥7.83 in 3Q 2024). Revenue: JP¥9.10b (up 17% from 3Q 2024). Net income: JP¥952.0m (up 134% from 3Q 2024). Profit margin: 11% (up from 5.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Professional Services industry in Japan.分析記事 • Nov 20We Think Forum Engineering's (TSE:7088) Healthy Earnings Might Be ConservativeForum Engineering Inc. ( TSE:7088 ) announced a healthy earnings result recently, and the market rewarded it with a...Reported Earnings • Nov 09Second quarter 2025 earnings released: EPS: JP¥11.53 (vs JP¥7.83 in 2Q 2024)Second quarter 2025 results: EPS: JP¥11.53 (up from JP¥7.83 in 2Q 2024). Revenue: JP¥8.43b (up 8.2% from 2Q 2024). Net income: JP¥604.0m (up 48% from 2Q 2024). Profit margin: 7.2% (up from 5.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Professional Services industry in Japan.お知らせ • Aug 29+ 1 more updateForum Engineering Inc. to Report Q2, 2025 Results on Nov 08, 2024Forum Engineering Inc. announced that they will report Q2, 2025 results on Nov 08, 2024Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥816, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Professional Services industry in Japan. Total returns to shareholders of 115% over the past three years.New Risk • Aug 02New 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 Less than 3 years of financial data is available. Dividend is not well covered by earnings (95% payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change).お知らせ • Jun 21Forum Engineering Inc. to Report Q1, 2025 Results on Aug 09, 2024Forum Engineering Inc. announced that they will report Q1, 2025 results on Aug 09, 2024分析記事 • May 21We Like The Quality Of Forum Engineering's (TSE:7088) EarningsThe market seemed underwhelmed by last week's earnings announcement from Forum Engineering Inc. ( TSE:7088 ) despite...お知らせ • May 17Forum Engineering Inc., Annual General Meeting, Jun 25, 2024Forum Engineering Inc., Annual General Meeting, Jun 25, 2024.お知らせ • Mar 06Forum Engineering Inc. to Report Fiscal Year 2024 Results on May 14, 2024Forum Engineering Inc. announced that they will report fiscal year 2024 results on May 14, 2024Buy Or Sell Opportunity • Mar 01Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to JP¥961. The fair value is estimated to be JP¥795, however this is not to be taken as a sell recommendation but rather should be used as a guide only.New Risk • Feb 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding).Buy Or Sell Opportunity • Feb 20Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 20% to JP¥962. The fair value is estimated to be JP¥797, however this is not to be taken as a sell recommendation but rather should be used as a guide only.お知らせ • Dec 08Forum Engineering Inc. to Report Q3, 2024 Results on Feb 09, 2024Forum Engineering Inc. announced that they will report Q3, 2024 results on Feb 09, 2024New Risk • Nov 28New 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 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change).New Risk • Oct 06New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company.お知らせ • Sep 01Forum Engineering Inc. to Report Q2, 2024 Results on Nov 09, 2023Forum Engineering Inc. announced that they will report Q2, 2024 results on Nov 09, 2023Reported Earnings • Aug 10First quarter 2024 earnings released: EPS: JP¥17.20 (vs JP¥12.52 in 1Q 2023)First quarter 2024 results: EPS: JP¥17.20 (up from JP¥12.52 in 1Q 2023). Revenue: JP¥7.72b (up 8.6% from 1Q 2023). Net income: JP¥444.0m (up 38% from 1Q 2023). Profit margin: 5.8% (up from 4.5% in 1Q 2023). The increase in margin was driven by higher revenue.お知らせ • Jun 11Forum Engineering Inc. to Report Q1, 2024 Results on Aug 09, 2023Forum Engineering Inc. announced that they will report Q1, 2024 results on Aug 09, 2023Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥45.13 (vs JP¥48.60 in FY 2022)Full year 2023 results: EPS: JP¥45.13 (down from JP¥48.60 in FY 2022). Revenue: JP¥28.8b (up 6.8% from FY 2022). Net income: JP¥1.16b (down 6.8% from FY 2022). Profit margin: 4.0% (down from 4.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥1,004, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 47% over the past three years.お知らせ • May 14Forum Engineering Inc., Annual General Meeting, Jun 27, 2023Forum Engineering Inc., Annual General Meeting, Jun 27, 2023.Upcoming Dividend • Mar 23Inaugural dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. This is the first dividend for Forum Engineering since going public. The average dividend yield among industry peers is 1.4%.Reported Earnings • Feb 03Third quarter 2023 earnings released: EPS: JP¥18.11 (vs JP¥19.23 in 3Q 2022)Third quarter 2023 results: EPS: JP¥18.11 (down from JP¥19.23 in 3Q 2022). Revenue: JP¥7.36b (up 4.9% from 3Q 2022). Net income: JP¥467.0m (down 5.5% from 3Q 2022). Profit margin: 6.3% (down from 7.0% in 3Q 2022). The decrease in margin was driven by higher expenses.お知らせ • Dec 23Forum Engineering Inc. to Report Q3, 2023 Results on Feb 02, 2023Forum Engineering Inc. announced that they will report Q3, 2023 results on Feb 02, 2023Board Change • Nov 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. 5 non-independent directors. Independent Outside Director Kazuko Nakada 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 • Nov 04Second quarter 2023 earnings released: JP¥3.80 loss per share (vs JP¥5.96 profit in 2Q 2022)Second quarter 2023 results: JP¥3.80 loss per share (down from JP¥5.96 profit in 2Q 2022). Revenue: JP¥7.00b (up 8.2% from 2Q 2022). Net loss: JP¥98.0m (down 164% from profit in 2Q 2022).お知らせ • Sep 15Forum Engineering Inc. to Report Q2, 2023 Results on Nov 02, 2022Forum Engineering Inc. announced that they will report Q2, 2023 results on Nov 02, 2022Reported Earnings • Aug 05First quarter 2023 earnings released: EPS: JP¥12.52 (vs JP¥11.26 in 1Q 2022)First quarter 2023 results: EPS: JP¥12.52 (up from JP¥11.26 in 1Q 2022). Revenue: JP¥7.11b (up 7.8% from 1Q 2022). Net income: JP¥322.0m (up 11% from 1Q 2022). Profit margin: 4.5% (up from 4.4% in 1Q 2022). The increase in margin was driven by higher revenue.お知らせ • Jun 12Forum Engineering Inc. to Report Q1, 2023 Results on Aug 04, 2022Forum Engineering Inc. announced that they will report Q1, 2023 results on Aug 04, 2022Reported Earnings • May 15Full year 2022 earnings released: EPS: JP¥48.60 (vs JP¥50.77 in FY 2021)Full year 2022 results: EPS: JP¥48.60 (down from JP¥50.77 in FY 2021). Revenue: JP¥26.9b (down 2.9% from FY 2021). Net income: JP¥1.25b (down 7.1% from FY 2021). Profit margin: 4.6% (down from 4.8% in FY 2021). The decrease in margin was driven by lower revenue.お知らせ • May 14Forum Engineering Inc., Annual General Meeting, Jun 24, 2022Forum Engineering Inc., Annual General Meeting, Jun 24, 2022.Board Change • Apr 27Less 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. 5 non-independent directors. Independent Outside Director Kazuko Nakada 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 • Apr 08Forum Engineering Inc. to Report Fiscal Year 2022 Results on May 12, 2022Forum Engineering Inc. announced that they will report fiscal year 2022 results on May 12, 2022Upcoming Dividend • Mar 23Inaugural dividend of JP¥48.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2021. The company is not currently making a profit and its cash payout ratio is 78%. This is the first dividend for Forum Engineering since going public. The average dividend yield among industry peers is 0.9%.Reported Earnings • Feb 04Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥19.23 (down from JP¥27.93 in 3Q 2021). Revenue: JP¥7.02b (up 1.3% from 3Q 2021). Net income: JP¥494.0m (down 33% from 3Q 2021). Profit margin: 7.0% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates.Reported Earnings • Nov 05Second quarter 2022 earnings released: EPS JP¥5.96 (vs JP¥27.93 in 2Q 2021)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥6.47b (down 6.7% from 2Q 2021). Net income: JP¥153.0m (down 79% from 2Q 2021). Profit margin: 2.4% (down from 11% in 2Q 2021). The decrease in margin was primarily driven by lower revenue.Reported Earnings • Aug 06First quarter 2022 earnings released: EPS JP¥11.26 (vs JP¥6.98 in 1Q 2021)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥6.60b (down 15% from 1Q 2021). Net income: JP¥289.0m (up 55% from 1Q 2021). Profit margin: 4.4% (up from 2.4% in 1Q 2021). The increase in margin was driven by lower expenses.Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥50.77 (vs JP¥80.17 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥27.7b (down 14% from FY 2020). Net income: JP¥1.34b (down 37% from FY 2020). Profit margin: 4.8% (down from 6.6% in FY 2020). The decrease in margin was driven by lower revenue.Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥887, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 22x in the Professional Services industry in Japan. Total returns to shareholders of 19% over the past year.Upcoming Dividend • Mar 23Inaugural dividend of JP¥48.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2020. This is the first dividend for Forum Engineering since going public. The average dividend yield among industry peers is 0.7%.Is New 90 Day High Low • Feb 22New 90-day high: JP¥1,059The company is up 26% from its price of JP¥842 on 24 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 12% over the same period.Is New 90 Day High Low • Feb 05New 90-day high: JP¥1,028The company is up 12% from its price of JP¥918 on 06 November 2020. The Japanese market is also up 12% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Professional Services industry, which is up 7.0% over the same period.Is New 90 Day High Low • Jan 20New 90-day high: JP¥923The company is up 12% from its price of JP¥825 on 22 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Professional Services industry, which is up 2.0% over the same period.お知らせ • Dec 30Forum Engineering Inc. to Report Q3, 2021 Results on Feb 04, 2021Forum Engineering Inc. announced that they will report Q3, 2021 results on Feb 04, 2021お知らせ • Oct 10Forum Engineering Inc. to Report Q2, 2021 Results on Nov 05, 2020Forum Engineering Inc. announced that they will report Q2, 2021 results on Nov 05, 2020お知らせ • Jul 17Forum Engineering Inc. to Report Q1, 2021 Results on Aug 06, 2020Forum Engineering Inc. announced that they will report Q1, 2021 results on Aug 06, 2020業績と収益の成長予測TSE:7088 - アナリストの将来予測と過去の財務データ ( )JPY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/202845,800N/AN/AN/A112/31/202536,7912,971N/AN/AN/A9/30/202536,2133,1693,3893,653N/A6/30/202535,3882,920N/AN/AN/A3/31/202534,6882,8843,6853,969N/A12/31/202433,8392,737N/AN/AN/A9/30/202432,9302,5613,3783,598N/A6/30/202432,0872,369N/AN/AN/A3/31/202431,2792,0393,0903,299N/Aアナリストによる今後の成長予測収入対貯蓄率: 7088の予測収益成長が 貯蓄率 ( 0.8% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 7088の収益がJP市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 7088の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 7088の収益がJP市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: 7088の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 7088の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YCommercial-services 業界の高成長企業。View Past Performance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2026/05/16 23:42終値2026/05/12 00:00収益2025/12/31年間収益2025/03/31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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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Forum Engineering Inc. 1 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。1 アナリスト機関Hiroshi NayaIchiyoshi Research Institute Inc.
お知らせ • Mar 02Forum Engineering Inc. (TSE:7088) announces an Equity Buyback for 23,484,373 shares, representing 43.96% for ¥35,931.09 million.Forum Engineering Inc. (TSE:7088) announces a share repurchase program. Under the program, the company will repurchase up to 23,484,373 shares, representing 43.96% of its share capital for ¥35,931.09 million. The shares will be repurchased at purchase price of ¥1,530 per share. If the offer is oversubscribed the company may repurchase up to additional 100 shares. The offer will expire on March 31, 2026. As of March 2, 2026, the company had 53,419,200 shares outstanding.
Reported Earnings • Feb 07Third quarter 2026 earnings released: EPS: JP¥14.27 (vs JP¥18.17 in 3Q 2025)Third quarter 2026 results: EPS: JP¥14.27 (down from JP¥18.17 in 3Q 2025). Revenue: JP¥9.68b (up 6.4% from 3Q 2025). Net income: JP¥754.0m (down 21% from 3Q 2025). Profit margin: 7.8% (down from 11% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Professional Services industry in Japan.
お知らせ • Dec 24KKR Global Impact Fund II SCSp, managed by KKR & Co. Inc. (NYSE:KKR) completed the acquisition of 55.95% stake in Forum Engineering Inc. (TSE:7088) from Izumi Okubo, La Terre Next General Inc. Association and others for ¥50.9 billion.KKR Global Impact Fund II SCSp, managed by KKR & Co. Inc. (NYSE:KKR) proposed to acquire Forum Engineering Inc. (TSE:7088) from Izumi Okubo, La Terre Next General Inc. Association and others for ¥91 billion on November 10, 2025. As part of acquisition, ¥1,710 per share will be paid. In conjunction with this Tender Offer, KKR has reached an agreement with Izumi Okubo, the founder of Forum Engineering (who holds a 51.7% ownership stake when combined with shares held by La Terre Next General Incorporated Association and and La Terre Holdings Co., Ltd. Following completion of Tender Offer and Self-Tender, Okubo plans to indirectly re-invest via La Terre Next Co., Ltd. in KKR-managed investment vehicles that will own Forum Engineering. Forum Engineering’s Board of Directors has resolved to support the Tender Offer and recommend that shareholders tender their shares. The Tender Offer will commence on November 11, 2025, and is expected to run until December 23, 2025. KKR Global Impact Fund II SCSp, managed by KKR & Co. Inc. (NYSE:KKR) completed the acquisition of 55.95% stake in Forum Engineering Inc. (TSE:7088) from Izumi Okubo, La Terre Next General Inc. Association and others for ¥50.9 billion on December 23, 2025. As the total number of Tendered Shares (29,761,258 shares) exceeds the minimum number of shares to be purchased (15,613,500 shares), as described in the Public Notice for Commencement of Tender Offer and the Tender Offer Registration Statement (including the matters amended in the amendment statements to the Tender Offer Registration Statement that were subsequently submitted), all of the Tendered Shares will be purchased.
お知らせ • Nov 29Forum Engineering Inc. to Report Q3, 2026 Results on Feb 05, 2026Forum Engineering Inc. announced that they will report Q3, 2026 results on Feb 05, 2026
New Risk • Nov 27New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: JP¥0 (US$0) This is considered a major 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: Major Risk Market cap is less than US$10m (JP¥0 market cap, or US$0). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (7.4% average weekly change).
Reported Earnings • Nov 12Second quarter 2026 earnings released: EPS: JP¥16.20 (vs JP¥11.53 in 2Q 2025)Second quarter 2026 results: EPS: JP¥16.20 (up from JP¥11.53 in 2Q 2025). Revenue: JP¥9.25b (up 9.8% from 2Q 2025). Net income: JP¥853.0m (up 41% from 2Q 2025). Profit margin: 9.2% (up from 7.2% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Professional Services industry in Japan.
New Risk • Nov 11New 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 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Dividend is not well covered by earnings (95% payout ratio). Share price has been volatile over the past 3 months (7.1% average weekly change).
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improves as stock rises 27%After last week's 27% share price gain to JP¥1,590, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 13x in the Professional Services industry in Japan. Total returns to shareholders of 353% over the past three years.
お知らせ • Nov 10KKR Global Impact Fund II SCSp, managed by KKR & Co. Inc. (NYSE:KKR) proposed to acquire Forum Engineering Inc. (TSE:7088) from Izumi Okubo, La Terre Next General Inc. Association and others for ¥90 billion.KKR Global Impact Fund II SCSp, managed by KKR & Co. Inc. (NYSE:KKR) proposed to acquire Forum Engineering Inc. (TSE:7088) from Izumi Okubo, La Terre Next General Inc. Association and others for ¥90 billion on November 10, 2025. As part of acquisition, ¥1,710 per share will be paid. In conjunction with this Tender Offer, KKR has reached an agreement with Izumi Okubo, the founder of Forum Engineering (who holds a 51.7% ownership stake when combined with shares held by La Terre Next General Incorporated Association and and La Terre Holdings Co., Ltd. Following completion of Tender Offer and Self-Tender, Okubo plans to indirectly re-invest via La Terre Next Co., Ltd. in KKR-managed investment vehicles that will own Forum Engineering. Forum Engineering’s Board of Directors has resolved to support the Tender Offer and recommend that shareholders tender their shares. The Tender Offer will commence on November 11, 2025, and is expected to run until December 23, 2025.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥31.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio and cash payout ratio are on the higher end at 95% and 89% respectively. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%).
お知らせ • Sep 19Forum Engineering Inc. to Report Q2, 2026 Results on Nov 10, 2025Forum Engineering Inc. announced that they will report Q2, 2026 results on Nov 10, 2025
Reported Earnings • Aug 09First quarter 2026 earnings released: EPS: JP¥15.40 (vs JP¥14.82 in 1Q 2025)First quarter 2026 results: EPS: JP¥15.40 (up from JP¥14.82 in 1Q 2025). Revenue: JP¥9.23b (up 8.2% from 1Q 2025). Net income: JP¥810.0m (up 4.7% from 1Q 2025). Profit margin: 8.8% (down from 9.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Professional Services industry in Japan.
Board Change • Jul 23Less 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 Yuriko Yoshitsune was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Declared Dividend • Jul 09Final dividend of JP¥31.00 announcedShareholders will receive a dividend of JP¥31.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 5.2%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not adequately covered by earnings (96% earnings payout ratio). However, it is covered by cash flows (89% cash payout ratio). The dividend has increased by an average of 44% per year over the past 2 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 6.9% to bring the payout ratio under control. EPS is expected to grow by 28% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
お知らせ • Jun 25Forum Engineering Inc. Announces Changes in Directors and Executive Officers, Effective June 25, 2025Forum Engineering Inc. announced appointment of Varun Modgill as Director System Development Section - Cognavi System Dept. The company announced Change of Directors who are Audit and Supervisory Committee Members (effective June 25, 2025); Toshihiro Uno as Director (Chairperson of Audit and Supervisory Committee (full-time)), Kazuko Nakada and Yuriko Yoshitsune as Director (Audit and Supervisory Committee Member (Outside)). Yuriko Yoshitsune is a newly appointed Director (Audit and Supervisory Board Member). The company also announced Change in Executive Officer (effective June 25, 2025); Haruo Sato is Retiring as Senior Managing Executive Officer.
Reported Earnings • Jun 25Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥55.08 (up from JP¥39.38 in FY 2024). Revenue: JP¥34.7b (up 11% from FY 2024). Net income: JP¥2.88b (up 41% from FY 2024). Profit margin: 8.3% (up from 6.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.7%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Professional Services industry in Japan.
分析記事 • May 22Forum Engineering's (TSE:7088) Performance Is Even Better Than Its Earnings SuggestForum Engineering Inc. ( TSE:7088 ) just reported healthy earnings but the stock price didn't move much. Our analysis...
Reported Earnings • May 17Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥55.08 (up from JP¥39.38 in FY 2024). Revenue: JP¥34.7b (up 11% from FY 2024). Net income: JP¥2.88b (up 41% from FY 2024). Profit margin: 8.3% (up from 6.5% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.7%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Professional Services industry in Japan.
お知らせ • May 14Forum Engineering Inc., Annual General Meeting, Jun 25, 2025Forum Engineering Inc., Annual General Meeting, Jun 25, 2025.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥29.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. The company is paying out more than 100% of its profits and is paying out 90% of its cash flow. Trailing yield: 5.4%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.1%).
お知らせ • Feb 28+ 1 more updateForum Engineering Inc. to Report Fiscal Year 2025 Results on May 14, 2025Forum Engineering Inc. announced that they will report fiscal year 2025 results on May 14, 2025
Reported Earnings • Feb 08Third quarter 2025 earnings released: EPS: JP¥18.17 (vs JP¥7.83 in 3Q 2024)Third quarter 2025 results: EPS: JP¥18.17 (up from JP¥7.83 in 3Q 2024). Revenue: JP¥9.10b (up 17% from 3Q 2024). Net income: JP¥952.0m (up 134% from 3Q 2024). Profit margin: 11% (up from 5.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Professional Services industry in Japan.
分析記事 • Nov 20We Think Forum Engineering's (TSE:7088) Healthy Earnings Might Be ConservativeForum Engineering Inc. ( TSE:7088 ) announced a healthy earnings result recently, and the market rewarded it with a...
Reported Earnings • Nov 09Second quarter 2025 earnings released: EPS: JP¥11.53 (vs JP¥7.83 in 2Q 2024)Second quarter 2025 results: EPS: JP¥11.53 (up from JP¥7.83 in 2Q 2024). Revenue: JP¥8.43b (up 8.2% from 2Q 2024). Net income: JP¥604.0m (up 48% from 2Q 2024). Profit margin: 7.2% (up from 5.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Professional Services industry in Japan.
お知らせ • Aug 29+ 1 more updateForum Engineering Inc. to Report Q2, 2025 Results on Nov 08, 2024Forum Engineering Inc. announced that they will report Q2, 2025 results on Nov 08, 2024
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥816, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the Professional Services industry in Japan. Total returns to shareholders of 115% over the past three years.
New Risk • Aug 02New 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 Less than 3 years of financial data is available. Dividend is not well covered by earnings (95% payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change).
お知らせ • Jun 21Forum Engineering Inc. to Report Q1, 2025 Results on Aug 09, 2024Forum Engineering Inc. announced that they will report Q1, 2025 results on Aug 09, 2024
分析記事 • May 21We Like The Quality Of Forum Engineering's (TSE:7088) EarningsThe market seemed underwhelmed by last week's earnings announcement from Forum Engineering Inc. ( TSE:7088 ) despite...
お知らせ • May 17Forum Engineering Inc., Annual General Meeting, Jun 25, 2024Forum Engineering Inc., Annual General Meeting, Jun 25, 2024.
お知らせ • Mar 06Forum Engineering Inc. to Report Fiscal Year 2024 Results on May 14, 2024Forum Engineering Inc. announced that they will report fiscal year 2024 results on May 14, 2024
Buy Or Sell Opportunity • Mar 01Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 21% to JP¥961. The fair value is estimated to be JP¥795, however this is not to be taken as a sell recommendation but rather should be used as a guide only.
New Risk • Feb 27New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
Buy Or Sell Opportunity • Feb 20Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 20% to JP¥962. The fair value is estimated to be JP¥797, however this is not to be taken as a sell recommendation but rather should be used as a guide only.
お知らせ • Dec 08Forum Engineering Inc. to Report Q3, 2024 Results on Feb 09, 2024Forum Engineering Inc. announced that they will report Q3, 2024 results on Feb 09, 2024
New Risk • Nov 28New 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 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change).
New Risk • Oct 06New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. This is currently the only risk that has been identified for the company.
お知らせ • Sep 01Forum Engineering Inc. to Report Q2, 2024 Results on Nov 09, 2023Forum Engineering Inc. announced that they will report Q2, 2024 results on Nov 09, 2023
Reported Earnings • Aug 10First quarter 2024 earnings released: EPS: JP¥17.20 (vs JP¥12.52 in 1Q 2023)First quarter 2024 results: EPS: JP¥17.20 (up from JP¥12.52 in 1Q 2023). Revenue: JP¥7.72b (up 8.6% from 1Q 2023). Net income: JP¥444.0m (up 38% from 1Q 2023). Profit margin: 5.8% (up from 4.5% in 1Q 2023). The increase in margin was driven by higher revenue.
お知らせ • Jun 11Forum Engineering Inc. to Report Q1, 2024 Results on Aug 09, 2023Forum Engineering Inc. announced that they will report Q1, 2024 results on Aug 09, 2023
Reported Earnings • May 17Full year 2023 earnings released: EPS: JP¥45.13 (vs JP¥48.60 in FY 2022)Full year 2023 results: EPS: JP¥45.13 (down from JP¥48.60 in FY 2022). Revenue: JP¥28.8b (up 6.8% from FY 2022). Net income: JP¥1.16b (down 6.8% from FY 2022). Profit margin: 4.0% (down from 4.6% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥1,004, the stock trades at a trailing P/E ratio of 25.7x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 47% over the past three years.
お知らせ • May 14Forum Engineering Inc., Annual General Meeting, Jun 27, 2023Forum Engineering Inc., Annual General Meeting, Jun 27, 2023.
Upcoming Dividend • Mar 23Inaugural dividend of JP¥50.00 per shareEligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. This is the first dividend for Forum Engineering since going public. The average dividend yield among industry peers is 1.4%.
Reported Earnings • Feb 03Third quarter 2023 earnings released: EPS: JP¥18.11 (vs JP¥19.23 in 3Q 2022)Third quarter 2023 results: EPS: JP¥18.11 (down from JP¥19.23 in 3Q 2022). Revenue: JP¥7.36b (up 4.9% from 3Q 2022). Net income: JP¥467.0m (down 5.5% from 3Q 2022). Profit margin: 6.3% (down from 7.0% in 3Q 2022). The decrease in margin was driven by higher expenses.
お知らせ • Dec 23Forum Engineering Inc. to Report Q3, 2023 Results on Feb 02, 2023Forum Engineering Inc. announced that they will report Q3, 2023 results on Feb 02, 2023
Board Change • Nov 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. 5 non-independent directors. Independent Outside Director Kazuko Nakada 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 • Nov 04Second quarter 2023 earnings released: JP¥3.80 loss per share (vs JP¥5.96 profit in 2Q 2022)Second quarter 2023 results: JP¥3.80 loss per share (down from JP¥5.96 profit in 2Q 2022). Revenue: JP¥7.00b (up 8.2% from 2Q 2022). Net loss: JP¥98.0m (down 164% from profit in 2Q 2022).
お知らせ • Sep 15Forum Engineering Inc. to Report Q2, 2023 Results on Nov 02, 2022Forum Engineering Inc. announced that they will report Q2, 2023 results on Nov 02, 2022
Reported Earnings • Aug 05First quarter 2023 earnings released: EPS: JP¥12.52 (vs JP¥11.26 in 1Q 2022)First quarter 2023 results: EPS: JP¥12.52 (up from JP¥11.26 in 1Q 2022). Revenue: JP¥7.11b (up 7.8% from 1Q 2022). Net income: JP¥322.0m (up 11% from 1Q 2022). Profit margin: 4.5% (up from 4.4% in 1Q 2022). The increase in margin was driven by higher revenue.
お知らせ • Jun 12Forum Engineering Inc. to Report Q1, 2023 Results on Aug 04, 2022Forum Engineering Inc. announced that they will report Q1, 2023 results on Aug 04, 2022
Reported Earnings • May 15Full year 2022 earnings released: EPS: JP¥48.60 (vs JP¥50.77 in FY 2021)Full year 2022 results: EPS: JP¥48.60 (down from JP¥50.77 in FY 2021). Revenue: JP¥26.9b (down 2.9% from FY 2021). Net income: JP¥1.25b (down 7.1% from FY 2021). Profit margin: 4.6% (down from 4.8% in FY 2021). The decrease in margin was driven by lower revenue.
お知らせ • May 14Forum Engineering Inc., Annual General Meeting, Jun 24, 2022Forum Engineering Inc., Annual General Meeting, Jun 24, 2022.
Board Change • Apr 27Less 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. 5 non-independent directors. Independent Outside Director Kazuko Nakada 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 • Apr 08Forum Engineering Inc. to Report Fiscal Year 2022 Results on May 12, 2022Forum Engineering Inc. announced that they will report fiscal year 2022 results on May 12, 2022
Upcoming Dividend • Mar 23Inaugural dividend of JP¥48.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2021. The company is not currently making a profit and its cash payout ratio is 78%. This is the first dividend for Forum Engineering since going public. The average dividend yield among industry peers is 0.9%.
Reported Earnings • Feb 04Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥19.23 (down from JP¥27.93 in 3Q 2021). Revenue: JP¥7.02b (up 1.3% from 3Q 2021). Net income: JP¥494.0m (down 33% from 3Q 2021). Profit margin: 7.0% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates.
Reported Earnings • Nov 05Second quarter 2022 earnings released: EPS JP¥5.96 (vs JP¥27.93 in 2Q 2021)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥6.47b (down 6.7% from 2Q 2021). Net income: JP¥153.0m (down 79% from 2Q 2021). Profit margin: 2.4% (down from 11% in 2Q 2021). The decrease in margin was primarily driven by lower revenue.
Reported Earnings • Aug 06First quarter 2022 earnings released: EPS JP¥11.26 (vs JP¥6.98 in 1Q 2021)The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥6.60b (down 15% from 1Q 2021). Net income: JP¥289.0m (up 55% from 1Q 2021). Profit margin: 4.4% (up from 2.4% in 1Q 2021). The increase in margin was driven by lower expenses.
Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥50.77 (vs JP¥80.17 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥27.7b (down 14% from FY 2020). Net income: JP¥1.34b (down 37% from FY 2020). Profit margin: 4.8% (down from 6.6% in FY 2020). The decrease in margin was driven by lower revenue.
Valuation Update With 7 Day Price Move • May 14Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥887, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 22x in the Professional Services industry in Japan. Total returns to shareholders of 19% over the past year.
Upcoming Dividend • Mar 23Inaugural dividend of JP¥48.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2020. This is the first dividend for Forum Engineering since going public. The average dividend yield among industry peers is 0.7%.
Is New 90 Day High Low • Feb 22New 90-day high: JP¥1,059The company is up 26% from its price of JP¥842 on 24 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 12% over the same period.
Is New 90 Day High Low • Feb 05New 90-day high: JP¥1,028The company is up 12% from its price of JP¥918 on 06 November 2020. The Japanese market is also up 12% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Professional Services industry, which is up 7.0% over the same period.
Is New 90 Day High Low • Jan 20New 90-day high: JP¥923The company is up 12% from its price of JP¥825 on 22 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Professional Services industry, which is up 2.0% over the same period.
お知らせ • Dec 30Forum Engineering Inc. to Report Q3, 2021 Results on Feb 04, 2021Forum Engineering Inc. announced that they will report Q3, 2021 results on Feb 04, 2021
お知らせ • Oct 10Forum Engineering Inc. to Report Q2, 2021 Results on Nov 05, 2020Forum Engineering Inc. announced that they will report Q2, 2021 results on Nov 05, 2020
お知らせ • Jul 17Forum Engineering Inc. to Report Q1, 2021 Results on Aug 06, 2020Forum Engineering Inc. announced that they will report Q1, 2021 results on Aug 06, 2020