View Financial HealthAdways 配当と自社株買い配当金 基準チェック /36Adways配当を支払う会社であり、現在の利回りは2.25%で、収益によって十分にカバーされています。主要情報2.3%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回り2.2%配当成長11.8%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向56%最近の配当と自社株買いの更新分析記事 • Dec 25Adways (TSE:2489) Is Paying Out A Larger Dividend Than Last YearAdways Inc. ( TSE:2489 ) will increase its dividend from last year's comparable payment on the 27th of March to ¥6.35...Upcoming Dividend • Dec 22Upcoming dividend of JP¥6.35 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 March 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).分析記事 • Sep 21Adways' (TSE:2489) Shareholders Will Receive A Bigger Dividend Than Last YearAdways Inc.'s ( TSE:2489 ) dividend will be increasing from last year's payment of the same period to ¥6.35 on 27th of...分析記事 • Aug 11Adways (TSE:2489) Is Paying Out A Larger Dividend Than Last YearAdways Inc. ( TSE:2489 ) will increase its dividend from last year's comparable payment on the 27th of March to ¥6.35...Declared Dividend • Aug 08Dividend of JP¥6.35 announcedShareholders will receive a dividend of JP¥6.35. Ex-date: 29th December 2025 Payment date: 27th March 2026 Dividend yield will be 2.2%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time.Upcoming Dividend • Dec 20Upcoming dividend of JP¥3.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 27 March 2025. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.3%).すべての更新を表示Recent updatesBoard Change • 21hLess 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 External Director Ken Kogo was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • May 08First quarter 2026 earnings released: EPS: JP¥10.24 (vs JP¥5.13 in 1Q 2025)First quarter 2026 results: EPS: JP¥10.24 (up from JP¥5.13 in 1Q 2025). Revenue: JP¥3.28b (up 4.6% from 1Q 2025). Net income: JP¥400.0m (up 100% from 1Q 2025). Profit margin: 12% (up from 6.4% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.お知らせ • May 07Adways Inc. to Report Q1, 2026 Results on May 07, 2026Adways Inc. announced that they will report Q1, 2026 results on May 07, 2026Reported Earnings • Mar 30Full year 2025 earnings released: EPS: JP¥6.45 (vs JP¥12.10 loss in FY 2024)Full year 2025 results: EPS: JP¥6.45 (up from JP¥12.10 loss in FY 2024). Revenue: JP¥12.2b (down 3.7% from FY 2024). Net income: JP¥252.0m (up JP¥725.0m from FY 2024). Profit margin: 2.1% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.分析記事 • Feb 17Adways' (TSE:2489) Shareholders May Want To Dig Deeper Than Statutory ProfitThe market for Adways Inc.'s ( TSE:2489 ) stock was strong after it released a healthy earnings report last week...分析記事 • Feb 11Investors Could Be Concerned With Adways' (TSE:2489) Returns On CapitalTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...Reported Earnings • Feb 11Full year 2025 earnings released: EPS: JP¥6.45 (vs JP¥12.10 loss in FY 2024)Full year 2025 results: EPS: JP¥6.45 (up from JP¥12.10 loss in FY 2024). Revenue: JP¥12.2b (down 3.7% from FY 2024). Net income: JP¥252.0m (up JP¥725.0m from FY 2024). Profit margin: 2.1% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. 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 • Feb 10Adways Inc., Annual General Meeting, Mar 25, 2026Adways Inc., Annual General Meeting, Mar 25, 2026.分析記事 • Dec 25Adways (TSE:2489) Is Paying Out A Larger Dividend Than Last YearAdways Inc. ( TSE:2489 ) will increase its dividend from last year's comparable payment on the 27th of March to ¥6.35...お知らせ • Dec 24Adways Inc. to Report Fiscal Year 2025 Results on Feb 10, 2026Adways Inc. announced that they will report fiscal year 2025 results on Feb 10, 2026Upcoming Dividend • Dec 22Upcoming dividend of JP¥6.35 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 March 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).New Risk • Dec 15New 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 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 33% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (JP¥11.3b market cap, or US$72.9m).Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: JP¥4.43 (vs JP¥0.82 in 3Q 2024)Third quarter 2025 results: EPS: JP¥4.43 (up from JP¥0.82 in 3Q 2024). Revenue: JP¥2.96b (down 2.8% from 3Q 2024). Net income: JP¥173.0m (up 441% from 3Q 2024). Profit margin: 5.8% (up from 1.0% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.分析記事 • Sep 21Adways' (TSE:2489) Shareholders Will Receive A Bigger Dividend Than Last YearAdways Inc.'s ( TSE:2489 ) dividend will be increasing from last year's payment of the same period to ¥6.35 on 27th of...お知らせ • Sep 21Adways Inc. to Report Q3, 2025 Results on Nov 06, 2025Adways Inc. announced that they will report Q3, 2025 results on Nov 06, 2025分析記事 • Aug 11Adways (TSE:2489) Is Paying Out A Larger Dividend Than Last YearAdways Inc. ( TSE:2489 ) will increase its dividend from last year's comparable payment on the 27th of March to ¥6.35...Declared Dividend • Aug 08Dividend of JP¥6.35 announcedShareholders will receive a dividend of JP¥6.35. Ex-date: 29th December 2025 Payment date: 27th March 2026 Dividend yield will be 2.2%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time.お知らせ • Jun 30Adways Inc. Appoints Daisuke Naka as Executive Officer, Agency Business, Effective July 1, 2025Adways Inc. hereby announces the following appointment of a new Executive Officer. Name: Daisuke Naka; Current Position: Senior General Manager, Advertising Business Group; New Position: Executive Officer, Agency Business. (Effective July 1, 2025).お知らせ • Jun 17Adways Inc. to Report Q2, 2025 Results on Aug 06, 2025Adways Inc. announced that they will report Q2, 2025 results on Aug 06, 2025New Risk • May 09New major risk - Revenue and earnings growthEarnings have declined by 11% 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. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥10.2b market cap, or US$69.8m).Reported Earnings • May 09First quarter 2025 earnings released: EPS: JP¥5.12 (vs JP¥7.93 in 1Q 2024)First quarter 2025 results: EPS: JP¥5.12 (down from JP¥7.93 in 1Q 2024). Revenue: JP¥3.14b (down 4.9% from 1Q 2024). Net income: JP¥200.0m (down 36% from 1Q 2024). Profit margin: 6.4% (down from 9.4% in 1Q 2024).お知らせ • Mar 19Adways Inc. to Report Q1, 2025 Results on May 08, 2025Adways Inc. announced that they will report Q1, 2025 results on May 08, 2025New Risk • Feb 26New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥10.9b market cap, or US$73.5m).Reported Earnings • Feb 12Full year 2024 earnings released: JP¥12.10 loss per share (vs JP¥25.07 profit in FY 2023)Full year 2024 results: JP¥12.10 loss per share (down from JP¥25.07 profit in FY 2023). Revenue: JP¥12.7b (down 6.2% from FY 2023). Net loss: JP¥473.0m (down 149% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.お知らせ • Feb 10Adways Inc., Annual General Meeting, Mar 26, 2025Adways Inc., Annual General Meeting, Mar 26, 2025.Upcoming Dividend • Dec 20Upcoming dividend of JP¥3.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 27 March 2025. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.3%).お知らせ • Dec 18Adways Inc. to Report Fiscal Year 2024 Results on Feb 10, 2025Adways Inc. announced that they will report fiscal year 2024 results on Feb 10, 2025Reported Earnings • Nov 02Third quarter 2024 earnings released: EPS: JP¥0.82 (vs JP¥0.54 loss in 3Q 2023)Third quarter 2024 results: EPS: JP¥0.82 (up from JP¥0.54 loss in 3Q 2023). Revenue: JP¥3.05b (down 7.0% from 3Q 2023). Net income: JP¥32.0m (up JP¥53.0m from 3Q 2023). Profit margin: 1.0% (up from net loss in 3Q 2023). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 27% per year.お知らせ • Sep 19Adways Inc. to Report Q3, 2024 Results on Oct 31, 2024Adways Inc. announced that they will report Q3, 2024 results on Oct 31, 2024Valuation Update With 7 Day Price Move • Aug 07Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥318, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Media industry in Japan. Total loss to shareholders of 51% over the past three years.分析記事 • Aug 05Market Cool On Adways Inc.'s (TSE:2489) Revenues Pushing Shares 31% LowerAdways Inc. ( TSE:2489 ) shareholders that were waiting for something to happen have been dealt a blow with a 31% share...New Risk • Aug 05New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.5% net profit margin). Shareholders have been diluted in the past year (6.5% increase in shares outstanding). Market cap is less than US$100m (JP¥11.0b market cap, or US$77.4m).Reported Earnings • Aug 02Second quarter 2024 earnings released: JP¥3.38 loss per share (vs JP¥1.95 profit in 2Q 2023)Second quarter 2024 results: JP¥3.38 loss per share (down from JP¥1.95 profit in 2Q 2023). Revenue: JP¥3.10b (down 8.6% from 2Q 2023). Net loss: JP¥132.0m (down 283% from profit in 2Q 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.お知らせ • Jun 19Adways Inc. to Report Q2, 2024 Results on Jul 31, 2024Adways Inc. announced that they will report Q2, 2024 results on Jul 31, 2024New Risk • May 14New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥15.6b (US$99.9m) 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.9% net profit margin). Shareholders have been diluted in the past year (4.7% increase in shares outstanding). Market cap is less than US$100m (JP¥15.6b market cap, or US$99.9m).Reported Earnings • May 01First quarter 2024 earnings released: EPS: JP¥7.93 (vs JP¥15.83 in 1Q 2023)First quarter 2024 results: EPS: JP¥7.93 (down from JP¥15.83 in 1Q 2023). Revenue: JP¥3.30b (down 4.5% from 1Q 2023). Net income: JP¥310.0m (down 50% from 1Q 2023). Profit margin: 9.4% (down from 18% in 1Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.分析記事 • Apr 03Adways' (TSE:2489) Weak Earnings May Only Reveal A Part Of The Whole PictureThe subdued market reaction suggests that Adways Inc.'s ( TSE:2489 ) recent earnings didn't contain any surprises...New Risk • Apr 03New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.1% net profit margin). Shareholders have been diluted in the past year (3.4% increase in shares outstanding).お知らせ • Mar 20Adways Inc. to Report Q1, 2024 Results on Apr 30, 2024Adways Inc. announced that they will report Q1, 2024 results on Apr 30, 2024New Risk • Feb 14New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.1% net profit margin).お知らせ • Feb 11Adways Inc., Annual General Meeting, Mar 26, 2024Adways Inc., Annual General Meeting, Mar 26, 2024.Reported Earnings • Feb 10Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥25.07 (down from JP¥63.46 in FY 2022). Revenue: JP¥13.5b (flat on FY 2022). Net income: JP¥966.0m (down 62% from FY 2022). Profit margin: 7.1% (down from 19% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Upcoming Dividend • Dec 21Upcoming dividend of JP¥4.50 per share at 1.5% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 25 March 2024. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.7%).お知らせ • Dec 20Adways Inc. to Report Fiscal Year 2023 Results on Feb 09, 2024Adways Inc. announced that they will report fiscal year 2023 results on Feb 09, 2024Reported Earnings • Nov 02Third quarter 2023 earnings released: JP¥0.54 loss per share (vs JP¥28.46 profit in 3Q 2022)Third quarter 2023 results: JP¥0.54 loss per share (down from JP¥28.46 profit in 3Q 2022). Revenue: JP¥3.28b (down 5.5% from 3Q 2022). Net loss: JP¥21.0m (down 102% from profit in 3Q 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 21Adways Inc. to Report Q3, 2023 Results on Oct 31, 2023Adways Inc. announced that they will report Q3, 2023 results on Oct 31, 2023New Risk • Aug 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 104% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 04Second quarter 2023 earnings releasedSecond quarter 2023 results: EPS: JP¥1.95. Net income: JP¥72.0m (up JP¥72.0m from 2Q 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 18Adways Inc. to Report Q2, 2023 Results on Aug 03, 2023Adways Inc. announced that they will report Q2, 2023 results on Aug 03, 2023Reported Earnings • May 04First quarter 2023 earnings releasedFirst quarter 2023 results: EPS: JP¥15.83. Net income: JP¥618.0m (up JP¥618.0m from 1Q 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 29Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: JP¥63.46 (up from JP¥39.42 in FY 2021). Revenue: JP¥13.4b (down 47% from FY 2021). Net income: JP¥2.54b (up 64% from FY 2021). Profit margin: 19% (up from 6.1% in FY 2021). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates by 83%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 17Adways Inc. (TSE:2489) announces an Equity Buyback for 5,700,000 shares, representing 13.57% for ¥2,000 million.Adways Inc. (TSE:2489) announces a share repurchase program. Under the program, the company will repurchase up to 5,700,000 shares, representing 13.57% of its issued share capital (excluding treasury stock), for ¥2,000 million. The purpose of the program is to return profits to shareholders and implement a flexible capital policy that responds to changes in the business environment. The program will run until July 31, 2023. As of February 16, 2023, the company had 42,003,700 shares in issue (excluding treasury stock) and 2,394,980 shares in treasury.Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improves as stock rises 26%After last week's 26% share price gain to JP¥647, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Media industry in Japan. Total returns to shareholders of 96% over the past three years.Reported Earnings • Feb 12Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: JP¥63.46 (up from JP¥39.42 in FY 2021). Revenue: JP¥13.4b (down 47% from FY 2021). Net income: JP¥2.54b (up 64% from FY 2021). Profit margin: 19% (up from 6.1% in FY 2021). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates by 83%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 12Adways Inc., Annual General Meeting, Mar 23, 2023Adways Inc., Annual General Meeting, Mar 23, 2023.Upcoming Dividend • Dec 22Upcoming dividend of JP¥7.46 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 25 March 2023. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.7%).お知らせ • Dec 21Adways Inc. to Report Fiscal Year 2022 Results on Feb 10, 2023Adways Inc. announced that they will report fiscal year 2022 results on Feb 10, 2023Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent External Director Shota Umemoto was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • May 06Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥913, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 16x in the Media industry in Japan. Total returns to shareholders of 134% over the past three years.Board Change • Apr 27No 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. 7 non-independent directors. External Director Shota Umemoto was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 12Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: JP¥8.22 (up from JP¥7.60 in 3Q 2021). Revenue: JP¥3.93b (down 67% from 3Q 2021). Net income: JP¥326.0m (up 3.2% from 3Q 2021). Profit margin: 8.3% (up from 2.6% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 42% compared to a 2.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Dec 22Upcoming dividend of JP¥5.21 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 June 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.9%).Reported Earnings • Nov 05Second quarter 2022 earnings released: EPS JP¥11.84 (vs JP¥9.93 in 2Q 2021)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥3.01b (down 74% from 2Q 2021). Net income: JP¥454.0m (up 9.9% from 2Q 2021). Profit margin: 15% (up from 3.6% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improved over the past weekAfter last week's 19% share price gain to JP¥787, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 18x in the Media industry in Japan. Total loss to shareholders of 3.3% over the past three years.Valuation Update With 7 Day Price Move • Aug 04Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to JP¥653, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Media industry in Japan. Total returns to shareholders of 11% over the past three years.Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥34.45 (vs JP¥4.14 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥49.0b (up 31% from FY 2020). Net income: JP¥1.42b (up JP¥1.26b from FY 2020). Profit margin: 2.9% (up from 0.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥732, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 18x in the Media industry in Japan. Total returns to shareholders of 52% over the past three years.Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.33 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 24 June 2021. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.5%).Valuation Update With 7 Day Price Move • Mar 05Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to JP¥708, the stock is trading at a trailing P/E ratio of 24.2x, down from the previous P/E ratio of 28.5x. This compares to an average P/E of 22x in the Media industry in Japan. Total returns to shareholders over the past three years are 44%.Valuation Update With 7 Day Price Move • Feb 19Investor sentiment improved over the past weekAfter last week's 24% share price gain to JP¥896, the stock is trading at a trailing P/E ratio of 30.7x, up from the previous P/E ratio of 24.8x. This compares to an average P/E of 23x in the Media industry in Japan. Total returns to shareholders over the past three years are 84%.Is New 90 Day High Low • Feb 18New 90-day high: JP¥896The company is up 82% from its price of JP¥492 on 20 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 13% over the same period.Reported Earnings • Feb 12Third quarter 2021 earnings released: EPS JP¥7.60 (vs JP¥2.10 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥12.0b (up 31% from 3Q 2020). Net income: JP¥316.0m (up 281% from 3Q 2020). Profit margin: 2.6% (up from 0.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Is New 90 Day High Low • Jan 20New 90-day high: JP¥724The company is up 67% from its price of JP¥433 on 22 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 3.0% over the same period.Is New 90 Day High Low • Dec 30New 90-day high: JP¥660The company is up 52% from its price of JP¥435 on 30 September 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 5.0% over the same period.Is New 90 Day High Low • Dec 01New 90-day high: JP¥631The company is up 76% from its price of JP¥358 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 12% over the same period.Valuation Update With 7 Day Price Move • Dec 01Market bids up stock over the past weekAfter last week's 25% share price gain to JP¥631, the stock is trading at a trailing P/E ratio of 26.4x, up from the previous P/E ratio of 21.1x. This compares to an average P/E of 26x in the Media industry in Japan. Total returns to shareholders over the past three years are 2.8%.決済の安定と成長配当データの取得安定した配当: 2489の配当金支払いは、過去10年間 変動性 が高かった。増加する配当: 2489の配当金は過去10年間にわたって増加しています。配当利回り対市場Adways 配当利回り対市場2489 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (2489)2.3%市場下位25% (JP)1.8%市場トップ25% (JP)3.9%業界平均 (Media)2.2%アナリスト予想 (2489) (最長3年)2.2%注目すべき配当: 2489の配当金 ( 2.25% ) はJP市場の配当金支払者の下位 25% ( 1.78% ) よりも高くなっています。高配当: 2489の配当金 ( 2.25% ) はJP市場の配当金支払者の上位 25% ( 3.88% ) と比較すると低いです。株主への利益配当収益カバレッジ: 2489の配当金は、合理的な 配当性向 ( 55.6% ) により、利益によって賄われています。株主配当金キャッシュフローカバレッジ: 2489は配当金を支払っていますが、同社にはフリーキャッシュフローがありません。高配当企業の発掘7D1Y7D1Y7D1YJP 市場の強力な配当支払い企業。View Management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2026/06/18 14:51終値2026/06/18 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Adways 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。3 アナリスト機関Hiroshi NayaIchiyoshi Research Institute Inc.Yoko MizoguchiIchiyoshi Research Institute Inc.MAYA TANAKAOkasan Securities Co. Ltd.
分析記事 • Dec 25Adways (TSE:2489) Is Paying Out A Larger Dividend Than Last YearAdways Inc. ( TSE:2489 ) will increase its dividend from last year's comparable payment on the 27th of March to ¥6.35...
Upcoming Dividend • Dec 22Upcoming dividend of JP¥6.35 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 March 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
分析記事 • Sep 21Adways' (TSE:2489) Shareholders Will Receive A Bigger Dividend Than Last YearAdways Inc.'s ( TSE:2489 ) dividend will be increasing from last year's payment of the same period to ¥6.35 on 27th of...
分析記事 • Aug 11Adways (TSE:2489) Is Paying Out A Larger Dividend Than Last YearAdways Inc. ( TSE:2489 ) will increase its dividend from last year's comparable payment on the 27th of March to ¥6.35...
Declared Dividend • Aug 08Dividend of JP¥6.35 announcedShareholders will receive a dividend of JP¥6.35. Ex-date: 29th December 2025 Payment date: 27th March 2026 Dividend yield will be 2.2%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time.
Upcoming Dividend • Dec 20Upcoming dividend of JP¥3.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 27 March 2025. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.3%).
Board Change • 21hLess 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 External Director Ken Kogo was the last independent director to join the board, commencing their role in 2026. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • May 08First quarter 2026 earnings released: EPS: JP¥10.24 (vs JP¥5.13 in 1Q 2025)First quarter 2026 results: EPS: JP¥10.24 (up from JP¥5.13 in 1Q 2025). Revenue: JP¥3.28b (up 4.6% from 1Q 2025). Net income: JP¥400.0m (up 100% from 1Q 2025). Profit margin: 12% (up from 6.4% in 1Q 2025). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance.
お知らせ • May 07Adways Inc. to Report Q1, 2026 Results on May 07, 2026Adways Inc. announced that they will report Q1, 2026 results on May 07, 2026
Reported Earnings • Mar 30Full year 2025 earnings released: EPS: JP¥6.45 (vs JP¥12.10 loss in FY 2024)Full year 2025 results: EPS: JP¥6.45 (up from JP¥12.10 loss in FY 2024). Revenue: JP¥12.2b (down 3.7% from FY 2024). Net income: JP¥252.0m (up JP¥725.0m from FY 2024). Profit margin: 2.1% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance.
分析記事 • Feb 17Adways' (TSE:2489) Shareholders May Want To Dig Deeper Than Statutory ProfitThe market for Adways Inc.'s ( TSE:2489 ) stock was strong after it released a healthy earnings report last week...
分析記事 • Feb 11Investors Could Be Concerned With Adways' (TSE:2489) Returns On CapitalTo avoid investing in a business that's in decline, there's a few financial metrics that can provide early indications...
Reported Earnings • Feb 11Full year 2025 earnings released: EPS: JP¥6.45 (vs JP¥12.10 loss in FY 2024)Full year 2025 results: EPS: JP¥6.45 (up from JP¥12.10 loss in FY 2024). Revenue: JP¥12.2b (down 3.7% from FY 2024). Net income: JP¥252.0m (up JP¥725.0m from FY 2024). Profit margin: 2.1% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. 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 • Feb 10Adways Inc., Annual General Meeting, Mar 25, 2026Adways Inc., Annual General Meeting, Mar 25, 2026.
分析記事 • Dec 25Adways (TSE:2489) Is Paying Out A Larger Dividend Than Last YearAdways Inc. ( TSE:2489 ) will increase its dividend from last year's comparable payment on the 27th of March to ¥6.35...
お知らせ • Dec 24Adways Inc. to Report Fiscal Year 2025 Results on Feb 10, 2026Adways Inc. announced that they will report fiscal year 2025 results on Feb 10, 2026
Upcoming Dividend • Dec 22Upcoming dividend of JP¥6.35 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 March 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
New Risk • Dec 15New 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 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 33% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (JP¥11.3b market cap, or US$72.9m).
Reported Earnings • Nov 08Third quarter 2025 earnings released: EPS: JP¥4.43 (vs JP¥0.82 in 3Q 2024)Third quarter 2025 results: EPS: JP¥4.43 (up from JP¥0.82 in 3Q 2024). Revenue: JP¥2.96b (down 2.8% from 3Q 2024). Net income: JP¥173.0m (up 441% from 3Q 2024). Profit margin: 5.8% (up from 1.0% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.
分析記事 • Sep 21Adways' (TSE:2489) Shareholders Will Receive A Bigger Dividend Than Last YearAdways Inc.'s ( TSE:2489 ) dividend will be increasing from last year's payment of the same period to ¥6.35 on 27th of...
お知らせ • Sep 21Adways Inc. to Report Q3, 2025 Results on Nov 06, 2025Adways Inc. announced that they will report Q3, 2025 results on Nov 06, 2025
分析記事 • Aug 11Adways (TSE:2489) Is Paying Out A Larger Dividend Than Last YearAdways Inc. ( TSE:2489 ) will increase its dividend from last year's comparable payment on the 27th of March to ¥6.35...
Declared Dividend • Aug 08Dividend of JP¥6.35 announcedShareholders will receive a dividend of JP¥6.35. Ex-date: 29th December 2025 Payment date: 27th March 2026 Dividend yield will be 2.2%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time.
お知らせ • Jun 30Adways Inc. Appoints Daisuke Naka as Executive Officer, Agency Business, Effective July 1, 2025Adways Inc. hereby announces the following appointment of a new Executive Officer. Name: Daisuke Naka; Current Position: Senior General Manager, Advertising Business Group; New Position: Executive Officer, Agency Business. (Effective July 1, 2025).
お知らせ • Jun 17Adways Inc. to Report Q2, 2025 Results on Aug 06, 2025Adways Inc. announced that they will report Q2, 2025 results on Aug 06, 2025
New Risk • May 09New major risk - Revenue and earnings growthEarnings have declined by 11% 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. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥10.2b market cap, or US$69.8m).
Reported Earnings • May 09First quarter 2025 earnings released: EPS: JP¥5.12 (vs JP¥7.93 in 1Q 2024)First quarter 2025 results: EPS: JP¥5.12 (down from JP¥7.93 in 1Q 2024). Revenue: JP¥3.14b (down 4.9% from 1Q 2024). Net income: JP¥200.0m (down 36% from 1Q 2024). Profit margin: 6.4% (down from 9.4% in 1Q 2024).
お知らせ • Mar 19Adways Inc. to Report Q1, 2025 Results on May 08, 2025Adways Inc. announced that they will report Q1, 2025 results on May 08, 2025
New Risk • Feb 26New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥10.9b market cap, or US$73.5m).
Reported Earnings • Feb 12Full year 2024 earnings released: JP¥12.10 loss per share (vs JP¥25.07 profit in FY 2023)Full year 2024 results: JP¥12.10 loss per share (down from JP¥25.07 profit in FY 2023). Revenue: JP¥12.7b (down 6.2% from FY 2023). Net loss: JP¥473.0m (down 149% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 10Adways Inc., Annual General Meeting, Mar 26, 2025Adways Inc., Annual General Meeting, Mar 26, 2025.
Upcoming Dividend • Dec 20Upcoming dividend of JP¥3.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 27 March 2025. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.3%).
お知らせ • Dec 18Adways Inc. to Report Fiscal Year 2024 Results on Feb 10, 2025Adways Inc. announced that they will report fiscal year 2024 results on Feb 10, 2025
Reported Earnings • Nov 02Third quarter 2024 earnings released: EPS: JP¥0.82 (vs JP¥0.54 loss in 3Q 2023)Third quarter 2024 results: EPS: JP¥0.82 (up from JP¥0.54 loss in 3Q 2023). Revenue: JP¥3.05b (down 7.0% from 3Q 2023). Net income: JP¥32.0m (up JP¥53.0m from 3Q 2023). Profit margin: 1.0% (up from net loss in 3Q 2023). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 29% per year whereas the company’s share price has fallen by 27% per year.
お知らせ • Sep 19Adways Inc. to Report Q3, 2024 Results on Oct 31, 2024Adways Inc. announced that they will report Q3, 2024 results on Oct 31, 2024
Valuation Update With 7 Day Price Move • Aug 07Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥318, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Media industry in Japan. Total loss to shareholders of 51% over the past three years.
分析記事 • Aug 05Market Cool On Adways Inc.'s (TSE:2489) Revenues Pushing Shares 31% LowerAdways Inc. ( TSE:2489 ) shareholders that were waiting for something to happen have been dealt a blow with a 31% share...
New Risk • Aug 05New 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.5% net profit margin). Shareholders have been diluted in the past year (6.5% increase in shares outstanding). Market cap is less than US$100m (JP¥11.0b market cap, or US$77.4m).
Reported Earnings • Aug 02Second quarter 2024 earnings released: JP¥3.38 loss per share (vs JP¥1.95 profit in 2Q 2023)Second quarter 2024 results: JP¥3.38 loss per share (down from JP¥1.95 profit in 2Q 2023). Revenue: JP¥3.10b (down 8.6% from 2Q 2023). Net loss: JP¥132.0m (down 283% from profit in 2Q 2023). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
お知らせ • Jun 19Adways Inc. to Report Q2, 2024 Results on Jul 31, 2024Adways Inc. announced that they will report Q2, 2024 results on Jul 31, 2024
New Risk • May 14New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥15.6b (US$99.9m) 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 Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.9% net profit margin). Shareholders have been diluted in the past year (4.7% increase in shares outstanding). Market cap is less than US$100m (JP¥15.6b market cap, or US$99.9m).
Reported Earnings • May 01First quarter 2024 earnings released: EPS: JP¥7.93 (vs JP¥15.83 in 1Q 2023)First quarter 2024 results: EPS: JP¥7.93 (down from JP¥15.83 in 1Q 2023). Revenue: JP¥3.30b (down 4.5% from 1Q 2023). Net income: JP¥310.0m (down 50% from 1Q 2023). Profit margin: 9.4% (down from 18% in 1Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
分析記事 • Apr 03Adways' (TSE:2489) Weak Earnings May Only Reveal A Part Of The Whole PictureThe subdued market reaction suggests that Adways Inc.'s ( TSE:2489 ) recent earnings didn't contain any surprises...
New Risk • Apr 03New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.1% net profit margin). Shareholders have been diluted in the past year (3.4% increase in shares outstanding).
お知らせ • Mar 20Adways Inc. to Report Q1, 2024 Results on Apr 30, 2024Adways Inc. announced that they will report Q1, 2024 results on Apr 30, 2024
New Risk • Feb 14New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (7.1% net profit margin).
お知らせ • Feb 11Adways Inc., Annual General Meeting, Mar 26, 2024Adways Inc., Annual General Meeting, Mar 26, 2024.
Reported Earnings • Feb 10Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: JP¥25.07 (down from JP¥63.46 in FY 2022). Revenue: JP¥13.5b (flat on FY 2022). Net income: JP¥966.0m (down 62% from FY 2022). Profit margin: 7.1% (down from 19% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Dec 21Upcoming dividend of JP¥4.50 per share at 1.5% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 25 March 2024. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.7%).
お知らせ • Dec 20Adways Inc. to Report Fiscal Year 2023 Results on Feb 09, 2024Adways Inc. announced that they will report fiscal year 2023 results on Feb 09, 2024
Reported Earnings • Nov 02Third quarter 2023 earnings released: JP¥0.54 loss per share (vs JP¥28.46 profit in 3Q 2022)Third quarter 2023 results: JP¥0.54 loss per share (down from JP¥28.46 profit in 3Q 2022). Revenue: JP¥3.28b (down 5.5% from 3Q 2022). Net loss: JP¥21.0m (down 102% from profit in 3Q 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 21Adways Inc. to Report Q3, 2023 Results on Oct 31, 2023Adways Inc. announced that they will report Q3, 2023 results on Oct 31, 2023
New Risk • Aug 09New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 104% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 04Second quarter 2023 earnings releasedSecond quarter 2023 results: EPS: JP¥1.95. Net income: JP¥72.0m (up JP¥72.0m from 2Q 2022). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 18Adways Inc. to Report Q2, 2023 Results on Aug 03, 2023Adways Inc. announced that they will report Q2, 2023 results on Aug 03, 2023
Reported Earnings • May 04First quarter 2023 earnings releasedFirst quarter 2023 results: EPS: JP¥15.83. Net income: JP¥618.0m (up JP¥618.0m from 1Q 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 29Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: JP¥63.46 (up from JP¥39.42 in FY 2021). Revenue: JP¥13.4b (down 47% from FY 2021). Net income: JP¥2.54b (up 64% from FY 2021). Profit margin: 19% (up from 6.1% in FY 2021). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates by 83%. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 17Adways Inc. (TSE:2489) announces an Equity Buyback for 5,700,000 shares, representing 13.57% for ¥2,000 million.Adways Inc. (TSE:2489) announces a share repurchase program. Under the program, the company will repurchase up to 5,700,000 shares, representing 13.57% of its issued share capital (excluding treasury stock), for ¥2,000 million. The purpose of the program is to return profits to shareholders and implement a flexible capital policy that responds to changes in the business environment. The program will run until July 31, 2023. As of February 16, 2023, the company had 42,003,700 shares in issue (excluding treasury stock) and 2,394,980 shares in treasury.
Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improves as stock rises 26%After last week's 26% share price gain to JP¥647, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the Media industry in Japan. Total returns to shareholders of 96% over the past three years.
Reported Earnings • Feb 12Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: JP¥63.46 (up from JP¥39.42 in FY 2021). Revenue: JP¥13.4b (down 47% from FY 2021). Net income: JP¥2.54b (up 64% from FY 2021). Profit margin: 19% (up from 6.1% in FY 2021). Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates by 83%. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 12Adways Inc., Annual General Meeting, Mar 23, 2023Adways Inc., Annual General Meeting, Mar 23, 2023.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥7.46 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 25 March 2023. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.7%).
お知らせ • Dec 21Adways Inc. to Report Fiscal Year 2022 Results on Feb 10, 2023Adways Inc. announced that they will report fiscal year 2022 results on Feb 10, 2023
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Independent External Director Shota Umemoto was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • May 06Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥913, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 16x in the Media industry in Japan. Total returns to shareholders of 134% over the past three years.
Board Change • Apr 27No 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. 7 non-independent directors. External Director Shota Umemoto was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 12Third quarter 2022 earnings: EPS and revenues miss analyst expectationsThird quarter 2022 results: EPS: JP¥8.22 (up from JP¥7.60 in 3Q 2021). Revenue: JP¥3.93b (down 67% from 3Q 2021). Net income: JP¥326.0m (up 3.2% from 3Q 2021). Profit margin: 8.3% (up from 2.6% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is expected to shrink by 42% compared to a 2.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥5.21 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 June 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.9%).
Reported Earnings • Nov 05Second quarter 2022 earnings released: EPS JP¥11.84 (vs JP¥9.93 in 2Q 2021)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥3.01b (down 74% from 2Q 2021). Net income: JP¥454.0m (up 9.9% from 2Q 2021). Profit margin: 15% (up from 3.6% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improved over the past weekAfter last week's 19% share price gain to JP¥787, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 18x in the Media industry in Japan. Total loss to shareholders of 3.3% over the past three years.
Valuation Update With 7 Day Price Move • Aug 04Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to JP¥653, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Media industry in Japan. Total returns to shareholders of 11% over the past three years.
Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥34.45 (vs JP¥4.14 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥49.0b (up 31% from FY 2020). Net income: JP¥1.42b (up JP¥1.26b from FY 2020). Profit margin: 2.9% (up from 0.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 13Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥732, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 18x in the Media industry in Japan. Total returns to shareholders of 52% over the past three years.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥5.33 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 24 June 2021. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.5%).
Valuation Update With 7 Day Price Move • Mar 05Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to JP¥708, the stock is trading at a trailing P/E ratio of 24.2x, down from the previous P/E ratio of 28.5x. This compares to an average P/E of 22x in the Media industry in Japan. Total returns to shareholders over the past three years are 44%.
Valuation Update With 7 Day Price Move • Feb 19Investor sentiment improved over the past weekAfter last week's 24% share price gain to JP¥896, the stock is trading at a trailing P/E ratio of 30.7x, up from the previous P/E ratio of 24.8x. This compares to an average P/E of 23x in the Media industry in Japan. Total returns to shareholders over the past three years are 84%.
Is New 90 Day High Low • Feb 18New 90-day high: JP¥896The company is up 82% from its price of JP¥492 on 20 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 13% over the same period.
Reported Earnings • Feb 12Third quarter 2021 earnings released: EPS JP¥7.60 (vs JP¥2.10 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥12.0b (up 31% from 3Q 2020). Net income: JP¥316.0m (up 281% from 3Q 2020). Profit margin: 2.6% (up from 0.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Is New 90 Day High Low • Jan 20New 90-day high: JP¥724The company is up 67% from its price of JP¥433 on 22 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 3.0% over the same period.
Is New 90 Day High Low • Dec 30New 90-day high: JP¥660The company is up 52% from its price of JP¥435 on 30 September 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 5.0% over the same period.
Is New 90 Day High Low • Dec 01New 90-day high: JP¥631The company is up 76% from its price of JP¥358 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 12% over the same period.
Valuation Update With 7 Day Price Move • Dec 01Market bids up stock over the past weekAfter last week's 25% share price gain to JP¥631, the stock is trading at a trailing P/E ratio of 26.4x, up from the previous P/E ratio of 21.1x. This compares to an average P/E of 26x in the Media industry in Japan. Total returns to shareholders over the past three years are 2.8%.