View ValuationInnovation 将来の成長Future 基準チェック /06現在、 Innovation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Interactive Media and Services 収益成長7.5%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None最終更新日n/a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 updatesNew Risk • May 14New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: 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 58% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥2.27b market cap, or US$14.4m).Reported Earnings • May 13Full year 2026 earnings released: JP¥171 loss per share (vs JP¥25.17 profit in FY 2025)Full year 2026 results: JP¥171 loss per share (down from JP¥25.17 profit in FY 2025). Revenue: JP¥6.97b (up 30% from FY 2025). Net loss: JP¥457.0m (down JP¥524.0m from profit in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.お知らせ • May 11Innovation Inc., Annual General Meeting, Jun 24, 2026Innovation Inc., Annual General Meeting, Jun 24, 2026.Buy Or Sell Opportunity • May 01Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.6% to JP¥896. The fair value is estimated to be JP¥1,125, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Mar 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.9% to JP¥912. The fair value is estimated to be JP¥1,160, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making.Upcoming Dividend • Mar 23Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 11 June 2026. The company is not currently making a profit and its cash payout ratio is 78%. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%).Buy Or Sell Opportunity • Mar 09Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.2% to JP¥920. The fair value is estimated to be JP¥1,151, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making.Buy Or Sell Opportunity • Feb 17Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.9% to JP¥933. The fair value is estimated to be JP¥1,166, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making.Reported Earnings • Feb 10Third quarter 2026 earnings released: JP¥62.91 loss per share (vs JP¥0.76 profit in 3Q 2025)Third quarter 2026 results: JP¥62.91 loss per share (down from JP¥0.76 profit in 3Q 2025). Revenue: JP¥1.66b (up 28% from 3Q 2025). Net loss: JP¥168.0m (down JP¥170.0m from profit in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.お知らせ • Dec 27Innovation Inc. to Report Q3, 2026 Results on Feb 09, 2026Innovation Inc. announced that they will report Q3, 2026 results on Feb 09, 2026Reported Earnings • Nov 12Second quarter 2026 earnings released: JP¥31.19 loss per share (vs JP¥13.06 profit in 2Q 2025)Second quarter 2026 results: JP¥31.19 loss per share (down from JP¥13.06 profit in 2Q 2025). Revenue: JP¥1.78b (up 29% from 2Q 2025). Net loss: JP¥83.0m (down 337% from profit in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.お知らせ • Sep 01Innovation Inc. to Report Q2, 2026 Results on Nov 10, 2025Innovation Inc. announced that they will report Q2, 2026 results on Nov 10, 2025Reported Earnings • Aug 14First quarter 2026 earnings released: JP¥70.29 loss per share (vs JP¥4.48 loss in 1Q 2025)First quarter 2026 results: JP¥70.29 loss per share (further deteriorated from JP¥4.48 loss in 1Q 2025). Revenue: JP¥1.59b (up 31% from 1Q 2025). Net loss: JP¥186.0m (loss widened JP¥174.0m from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance.Reported Earnings • Jun 30Full year 2025 earnings released: EPS: JP¥25.17 (vs JP¥94.87 in FY 2024)Full year 2025 results: EPS: JP¥25.17 (down from JP¥94.87 in FY 2024). Revenue: JP¥5.34b (up 11% from FY 2024). Net income: JP¥67.0m (down 73% from FY 2024). Profit margin: 1.3% (down from 5.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.お知らせ • Jun 03Innovation Inc. to Report Q1, 2026 Results on Aug 12, 2025Innovation Inc. announced that they will report Q1, 2026 results on Aug 12, 2025New Risk • May 17New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 174% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 174% Paying a dividend despite having no free cash flows. Earnings have declined by 15% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (JP¥2.80b market cap, or US$19.2m).Reported Earnings • May 14Full year 2025 earnings released: EPS: JP¥25.17 (vs JP¥94.87 in FY 2024)Full year 2025 results: EPS: JP¥25.17 (down from JP¥94.87 in FY 2024). Revenue: JP¥5.34b (up 11% from FY 2024). Net income: JP¥67.0m (down 73% from FY 2024). Profit margin: 1.3% (down from 5.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.お知らせ • May 12Innovation Inc., Annual General Meeting, Jun 25, 2025Innovation Inc., Annual General Meeting, Jun 25, 2025.分析記事 • Apr 09We Think Innovation (TSE:3970) Can Manage Its Debt With EaseWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Upcoming Dividend • Mar 21Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 11 June 2025. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%).お知らせ • Mar 01Innovation Inc. to Report Fiscal Year 2025 Results on May 12, 2025Innovation Inc. announced that they will report fiscal year 2025 results on May 12, 2025Reported Earnings • Feb 12Third quarter 2025 earnings released: EPS: JP¥0.76 (vs JP¥27.97 in 3Q 2024)Third quarter 2025 results: EPS: JP¥0.76 (down from JP¥27.97 in 3Q 2024). Revenue: JP¥1.30b (up 2.8% from 3Q 2024). Net income: JP¥2.00m (down 97% from 3Q 2024). Profit margin: 0.2% (down from 5.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.お知らせ • Dec 03Innovation Inc. to Report Q3, 2025 Results on Feb 10, 2025Innovation Inc. announced that they will report Q3, 2025 results on Feb 10, 2025Reported Earnings • Nov 15Second quarter 2025 earnings released: EPS: JP¥13.06 (vs JP¥32.70 in 2Q 2024)Second quarter 2025 results: EPS: JP¥13.06 (down from JP¥32.70 in 2Q 2024). Revenue: JP¥1.38b (up 25% from 2Q 2024). Net income: JP¥35.0m (down 58% from 2Q 2024). Profit margin: 2.5% (down from 7.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.お知らせ • Aug 27Innovation Inc. to Report Q2, 2025 Results on Nov 11, 2024Innovation Inc. announced that they will report Q2, 2025 results on Nov 11, 2024お知らせ • Aug 21Innovation Inc. (TSE:3970) announces an Equity Buyback for 60,000 shares, representing 2.24% for ¥90 million.Innovation Inc. (TSE:3970) announces a share repurchase program. Under the program, the company will repurchase up to 60,000 shares, representing 2.24% of its issued share capital (excluding treasury stock), for a total purchase price of ¥90 million. The purpose of the program is to improve capital efficiency, implement a flexible capital policy in response to changes in the business environment, and further return profits to shareholders. The program will be valid till January 27, 2025. As of June 30, 2024, the company has 2,682,434 issued shares (excluding treasury stock) and 29,666 treasury shares.Reported Earnings • Aug 11First quarter 2025 earnings released: JP¥4.48 loss per share (vs JP¥20.54 profit in 1Q 2024)First quarter 2025 results: JP¥4.48 loss per share (down from JP¥20.54 profit in 1Q 2024). Revenue: JP¥1.22b (up 20% from 1Q 2024). Net loss: JP¥12.0m (down 123% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.分析記事 • Aug 06Innovation (TSE:3970) Is Doing The Right Things To Multiply Its Share PriceDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥1,001, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 21x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 62% over the past three years.お知らせ • Jun 02Innovation Inc. to Report Q1, 2025 Results on Aug 09, 2024Innovation Inc. announced that they will report Q1, 2025 results on Aug 09, 2024分析記事 • May 21Additional Considerations Required While Assessing Innovation's (TSE:3970) Strong EarningsInnovation Inc. ( TSE:3970 ) announced strong profits, but the stock was stagnant. Our analysis suggests that...Reported Earnings • May 13Full year 2024 earnings released: EPS: JP¥94.87 (vs JP¥25.13 in FY 2023)Full year 2024 results: EPS: JP¥94.87 (up from JP¥25.13 in FY 2023). Revenue: JP¥4.81b (up 5.3% from FY 2023). Net income: JP¥244.0m (up 294% from FY 2023). Profit margin: 5.1% (up from 1.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% 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 • May 12Innovation Inc., Annual General Meeting, Jun 25, 2024Innovation Inc., Annual General Meeting, Jun 25, 2024.Upcoming Dividend • Mar 21Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 13 June 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.5%).お知らせ • Mar 14Innovation Inc. to Report Fiscal Year 2024 Results on May 10, 2024Innovation Inc. announced that they will report fiscal year 2024 results on May 10, 2024Reported Earnings • Feb 11Third quarter 2024 earnings released: EPS: JP¥27.97 (vs JP¥33.80 in 3Q 2023)Third quarter 2024 results: EPS: JP¥27.97 (down from JP¥33.80 in 3Q 2023). Revenue: JP¥1.27b (up 28% from 3Q 2023). Net income: JP¥72.0m (down 14% from 3Q 2023). Profit margin: 5.7% (down from 8.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year whereas the company’s share price has fallen by 32% per year.お知らせ • Nov 26Innovation Inc. to Report Q3, 2024 Results on Feb 09, 2024Innovation Inc. announced that they will report Q3, 2024 results on Feb 09, 2024Reported Earnings • Nov 10Second quarter 2024 earnings released: EPS: JP¥32.70 (vs JP¥18.54 in 2Q 2023)Second quarter 2024 results: EPS: JP¥32.70 (up from JP¥18.54 in 2Q 2023). Revenue: JP¥1.10b (down 15% from 2Q 2023). Net income: JP¥84.0m (up 83% from 2Q 2023). Profit margin: 7.6% (up from 3.6% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.お知らせ • Sep 23Innovation Inc. to Report Q2, 2024 Results on Nov 09, 2023Innovation Inc. announced that they will report Q2, 2024 results on Nov 09, 2023Reported Earnings • Aug 11First quarter 2024 earnings released: EPS: JP¥20.54 (vs JP¥38.11 in 1Q 2023)First quarter 2024 results: EPS: JP¥20.54 (down from JP¥38.11 in 1Q 2023). Revenue: JP¥1.01b (down 9.2% from 1Q 2023). Net income: JP¥52.0m (down 44% from 1Q 2023). Profit margin: 5.1% (down from 8.3% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Aug 10Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to JP¥1,388, the stock trades at a trailing P/E ratio of 57.5x. Average trailing P/E is 22x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 66% over the past three years.New Risk • Jun 24New 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 5.1% 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 Dividend is not well covered by earnings (155% payout ratio). Share price has been volatile over the past 3 months (5.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Market cap is less than US$100m (JP¥4.06b market cap, or US$28.2m).New Risk • Jun 23New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.5% 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: Minor Risks Dividend is not well covered by earnings (155% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Market cap is less than US$100m (JP¥4.18b market cap, or US$29.2m).お知らせ • Jun 14Innovation Inc. to Report Q1, 2024 Results on Aug 09, 2023Innovation Inc. announced that they will report Q1, 2024 results on Aug 09, 2023Upcoming Dividend • Mar 23Upcoming dividend of JP¥39.00 per share at 2.5% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 09 June 2023. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).Valuation Update With 7 Day Price Move • Feb 16Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥1,556, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 20x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 16% over the past three years.Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥33.80 (vs JP¥48.46 in 3Q 2022)Third quarter 2023 results: EPS: JP¥33.80 (down from JP¥48.46 in 3Q 2022). Revenue: JP¥989.0m (down 16% from 3Q 2022). Net income: JP¥84.0m (down 26% from 3Q 2022). Profit margin: 8.5% (down from 9.7% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.お知らせ • Nov 30Innovation Inc. to Report Q3, 2023 Results on Feb 09, 2023Innovation Inc. announced that they will report Q3, 2023 results on Feb 09, 2023Board Change • Nov 16No independent directorsThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Kazuhiro Goto was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Nov 11Second quarter 2023 earnings released: EPS: JP¥17.92 (vs JP¥39.58 in 2Q 2022)Second quarter 2023 results: EPS: JP¥17.92 (down from JP¥39.58 in 2Q 2022). Revenue: JP¥1.30b (up 20% from 2Q 2022). Net income: JP¥46.0m (down 51% from 2Q 2022). Profit margin: 3.6% (down from 8.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Buying Opportunity • Nov 11Now 29% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be JP¥2,831, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last year. Earnings per share has grown by 63%.Buying Opportunity • Oct 11Now 22% undervaluedOver the last 90 days, the stock is up 4.7%. The fair value is estimated to be JP¥2,960, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last year. Earnings per share has grown by 63%.Buying Opportunity • Sep 20Now 21% undervaluedOver the last 90 days, the stock is up 26%. The fair value is estimated to be JP¥3,280, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last year. Earnings per share has grown by 63%.お知らせ • Sep 09Innovation Inc. to Report Q2, 2023 Results on Nov 09, 2022Innovation Inc. announced that they will report Q2, 2023 results on Nov 09, 2022Buying Opportunity • Aug 24Now 21% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be JP¥3,218, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last year. Earnings per share has grown by 63%.Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improved over the past weekAfter last week's 20% share price gain to JP¥2,599, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 28x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 50% over the past three years.Reported Earnings • Aug 11First quarter 2023 earnings released: EPS: JP¥38.11 (vs JP¥23.02 in 1Q 2022)First quarter 2023 results: EPS: JP¥38.11 (up from JP¥23.02 in 1Q 2022). Revenue: JP¥1.11b (up 26% from 1Q 2022). Net income: JP¥92.0m (up 70% from 1Q 2022). Profit margin: 8.3% (up from 6.1% in 1Q 2022). The increase in margin was driven by higher revenue.Buying Opportunity • Aug 08Now 24% undervaluedOver the last 90 days, the stock is up 10%. The fair value is estimated to be JP¥2,814, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 57%.Buying Opportunity • Jul 01Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.0%. The fair value is estimated to be JP¥2,628, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 57%.お知らせ • Jun 29Innovation Inc. to Report Q1, 2023 Results on Aug 09, 2022Innovation Inc. announced that they will report Q1, 2023 results on Aug 09, 2022Buying Opportunity • Jun 13Now 20% undervaluedOver the last 90 days, the stock is up 7.1%. The fair value is estimated to be JP¥2,757, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 57%.Buying Opportunity • May 24Now 20% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be JP¥2,846, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 57%.Valuation Update With 7 Day Price Move • May 18Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥2,121, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 23x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 175% over the past three years.お知らせ • May 18Innovation Inc., Annual General Meeting, Jun 23, 2022Innovation Inc., Annual General Meeting, Jun 23, 2022.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. Director Kazuhiro Goto was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 08+ 1 more updateInnovation Inc. announced that it has received ¥8.3721 million in fundingOn April 7, 2022, Innovation Inc. closed the transaction.Valuation Update With 7 Day Price Move • Apr 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥2,394, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 24x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 206% over the past three years.Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improved over the past weekAfter last week's 19% share price gain to JP¥2,323, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 25x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 198% over the past three years.Valuation Update With 7 Day Price Move • Feb 16Investor sentiment deteriorated over the past weekAfter last week's 25% share price decline to JP¥2,235, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 25x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 205% over the past three years.Buying Opportunity • Feb 15Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 37%. The fair value is estimated to be JP¥3,060, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% per annum over the last 3 years. Earnings per share has grown by 59% per annum over the last 3 years.Reported Earnings • Feb 10Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: JP¥48.46 (up from JP¥34.61 in 3Q 2021). Revenue: JP¥1.17b (up 62% from 3Q 2021). Net income: JP¥114.0m (up 41% from 3Q 2021). Profit margin: 9.7% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 53%. Over the next year, revenue is forecast to grow 3.4%, compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Dec 24Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥3,905, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 35x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 466% over the past three years.Reported Earnings • Nov 10Second quarter 2022 earnings released: EPS JP¥39.58 (vs JP¥28.43 in 2Q 2021)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: JP¥1.08b (up 58% from 2Q 2021). Net income: JP¥93.0m (up 60% from 2Q 2021). Profit margin: 8.6% (in line with 2Q 2021).Valuation Update With 7 Day Price Move • Aug 31Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥3,140, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 34x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 243% over the past three years.Valuation Update With 7 Day Price Move • Aug 17Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to JP¥2,480, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 37x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 175% over the past three years.Reported Earnings • Aug 12First quarter 2022 earnings released: EPS JP¥23.02 (vs JP¥31.76 in 1Q 2021)The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥884.0m (up 30% from 1Q 2021). Net income: JP¥54.0m (down 13% from 1Q 2021). Profit margin: 6.1% (down from 9.1% in 1Q 2021). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • May 24Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥3,530, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 34x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 201% over the past three years.Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥135 (vs JP¥47.04 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥3.08b (up 53% from FY 2020). Net income: JP¥293.0m (up 219% from FY 2020). Profit margin: 9.5% (up from 4.5% in FY 2020). The increase in margin was driven by higher revenue.Is New 90 Day High Low • Mar 03New 90-day low: JP¥2,922The company is down 20% from its price of JP¥3,635 on 03 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is flat over the same period.Reported Earnings • Feb 11Third quarter 2021 earnings released: EPS JP¥34.61 (vs JP¥8.71 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥723.0m (up 41% from 3Q 2020). Net income: JP¥81.0m (up 377% from 3Q 2020). Profit margin: 11% (up from 3.3% in 3Q 2020). The increase in margin was driven by higher revenue.Is New 90 Day High Low • Feb 10New 90-day high: JP¥4,100The company is up 18% from its price of JP¥3,460 on 12 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 3.0% over the same period.Is New 90 Day High Low • Jan 22New 90-day high: JP¥3,795The company is up 3.0% from its price of JP¥3,670 on 23 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Interactive Media and Services industry, which is down 4.0% over the same period.お知らせ • Dec 25Innovation Inc. to Report Q3, 2021 Results on Feb 09, 2021Innovation Inc. announced that they will report Q3, 2021 results on Feb 09, 2021お知らせ • Oct 01Innovation Inc. to Report Q2, 2021 Results on Nov 10, 2020Innovation Inc. announced that they will report Q2, 2021 results on Nov 10, 2020お知らせ • Jul 17Innovation Inc. announced that it expects to receive ¥10.51974 million in fundingInnovation Inc. (TSE:3970) announced that it will issue 3,795 of stock acquisition right at a price of ¥2,772 per stock acquisition right for a total gross proceeds of ¥10,519,740 on July 15, 2020. The stock purchase rights will be issued through third party allotment. Each stock acquisition right is convertible into 100 shares of common stock resulting in 379,500 common shares of the company for three years starting from August 3, 2020 to expiry date August 31, 2023. The initial exercise price of stock acquisition right is ¥5,270 and the lower exercise price is ¥3,162. The transaction will be expected to complete on July 31, 2020. The estimated amount of expense will be ¥7,000,000 in the transaction.お知らせ • Jun 29Innovation Inc. to Report Q1, 2021 Results on Aug 11, 2020Innovation Inc. announced that they will report Q1, 2021 results on Aug 11, 2020 このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、Innovation は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測TSE:3970 - 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3/31/20266,968-457-70314N/A12/31/20256,480-395N/AN/AN/A9/30/20256,121-225138383N/A6/30/20255,719-107N/AN/AN/A3/31/20255,34367-3773N/A12/31/20245,33061N/AN/AN/A9/30/20245,294131N/A92N/A6/30/20245,018180N/AN/AN/A3/31/20244,813244276345N/A12/31/20234,54948N/AN/AN/A9/30/20234,27360190276N/A6/30/20234,46822N/AN/AN/A3/31/20234,57062N/A113N/A12/31/20224,644409N/AN/AN/A9/30/20224,826439158276N/A6/30/20224,608486N/AN/AN/A3/31/20224,380448338466N/A12/31/20214,131353N/AN/AN/A9/30/20213,683320300413N/A6/30/20213,289285N/AN/AN/A3/31/20213,083293353422N/A12/31/20202,660254N/AN/AN/A9/30/20202,451190302356N/A6/30/20202,234136N/AN/AN/A3/31/20202,02292203262N/A12/31/20191,886101N/AN/AN/A3/31/20191,4878N/A9N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 3970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: 3970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: 3970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: 3970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: 3970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: 3970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7D1Y7D1Y7D1YMedia 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2026/05/24 16:08終値2026/05/22 00:00収益2026/03/31年間収益2026/03/31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Innovation 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。1 アナリスト機関Keita FujinoThe Stock Research Center
New Risk • May 14New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 4.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: 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 58% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥2.27b market cap, or US$14.4m).
Reported Earnings • May 13Full year 2026 earnings released: JP¥171 loss per share (vs JP¥25.17 profit in FY 2025)Full year 2026 results: JP¥171 loss per share (down from JP¥25.17 profit in FY 2025). Revenue: JP¥6.97b (up 30% from FY 2025). Net loss: JP¥457.0m (down JP¥524.0m from profit in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
お知らせ • May 11Innovation Inc., Annual General Meeting, Jun 24, 2026Innovation Inc., Annual General Meeting, Jun 24, 2026.
Buy Or Sell Opportunity • May 01Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 5.6% to JP¥896. The fair value is estimated to be JP¥1,125, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Mar 30Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.9% to JP¥912. The fair value is estimated to be JP¥1,160, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 11 June 2026. The company is not currently making a profit and its cash payout ratio is 78%. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.0%).
Buy Or Sell Opportunity • Mar 09Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.2% to JP¥920. The fair value is estimated to be JP¥1,151, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making.
Buy Or Sell Opportunity • Feb 17Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 2.9% to JP¥933. The fair value is estimated to be JP¥1,166, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Meanwhile, the company became loss making.
Reported Earnings • Feb 10Third quarter 2026 earnings released: JP¥62.91 loss per share (vs JP¥0.76 profit in 3Q 2025)Third quarter 2026 results: JP¥62.91 loss per share (down from JP¥0.76 profit in 3Q 2025). Revenue: JP¥1.66b (up 28% from 3Q 2025). Net loss: JP¥168.0m (down JP¥170.0m from profit in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
お知らせ • Dec 27Innovation Inc. to Report Q3, 2026 Results on Feb 09, 2026Innovation Inc. announced that they will report Q3, 2026 results on Feb 09, 2026
Reported Earnings • Nov 12Second quarter 2026 earnings released: JP¥31.19 loss per share (vs JP¥13.06 profit in 2Q 2025)Second quarter 2026 results: JP¥31.19 loss per share (down from JP¥13.06 profit in 2Q 2025). Revenue: JP¥1.78b (up 29% from 2Q 2025). Net loss: JP¥83.0m (down 337% from profit in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance.
お知らせ • Sep 01Innovation Inc. to Report Q2, 2026 Results on Nov 10, 2025Innovation Inc. announced that they will report Q2, 2026 results on Nov 10, 2025
Reported Earnings • Aug 14First quarter 2026 earnings released: JP¥70.29 loss per share (vs JP¥4.48 loss in 1Q 2025)First quarter 2026 results: JP¥70.29 loss per share (further deteriorated from JP¥4.48 loss in 1Q 2025). Revenue: JP¥1.59b (up 31% from 1Q 2025). Net loss: JP¥186.0m (loss widened JP¥174.0m from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance.
Reported Earnings • Jun 30Full year 2025 earnings released: EPS: JP¥25.17 (vs JP¥94.87 in FY 2024)Full year 2025 results: EPS: JP¥25.17 (down from JP¥94.87 in FY 2024). Revenue: JP¥5.34b (up 11% from FY 2024). Net income: JP¥67.0m (down 73% from FY 2024). Profit margin: 1.3% (down from 5.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 03Innovation Inc. to Report Q1, 2026 Results on Aug 12, 2025Innovation Inc. announced that they will report Q1, 2026 results on Aug 12, 2025
New Risk • May 17New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 174% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.8% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 174% Paying a dividend despite having no free cash flows. Earnings have declined by 15% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (1.3% net profit margin). Market cap is less than US$100m (JP¥2.80b market cap, or US$19.2m).
Reported Earnings • May 14Full year 2025 earnings released: EPS: JP¥25.17 (vs JP¥94.87 in FY 2024)Full year 2025 results: EPS: JP¥25.17 (down from JP¥94.87 in FY 2024). Revenue: JP¥5.34b (up 11% from FY 2024). Net income: JP¥67.0m (down 73% from FY 2024). Profit margin: 1.3% (down from 5.1% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance.
お知らせ • May 12Innovation Inc., Annual General Meeting, Jun 25, 2025Innovation Inc., Annual General Meeting, Jun 25, 2025.
分析記事 • Apr 09We Think Innovation (TSE:3970) Can Manage Its Debt With EaseWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Upcoming Dividend • Mar 21Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 11 June 2025. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%).
お知らせ • Mar 01Innovation Inc. to Report Fiscal Year 2025 Results on May 12, 2025Innovation Inc. announced that they will report fiscal year 2025 results on May 12, 2025
Reported Earnings • Feb 12Third quarter 2025 earnings released: EPS: JP¥0.76 (vs JP¥27.97 in 3Q 2024)Third quarter 2025 results: EPS: JP¥0.76 (down from JP¥27.97 in 3Q 2024). Revenue: JP¥1.30b (up 2.8% from 3Q 2024). Net income: JP¥2.00m (down 97% from 3Q 2024). Profit margin: 0.2% (down from 5.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings.
お知らせ • Dec 03Innovation Inc. to Report Q3, 2025 Results on Feb 10, 2025Innovation Inc. announced that they will report Q3, 2025 results on Feb 10, 2025
Reported Earnings • Nov 15Second quarter 2025 earnings released: EPS: JP¥13.06 (vs JP¥32.70 in 2Q 2024)Second quarter 2025 results: EPS: JP¥13.06 (down from JP¥32.70 in 2Q 2024). Revenue: JP¥1.38b (up 25% from 2Q 2024). Net income: JP¥35.0m (down 58% from 2Q 2024). Profit margin: 2.5% (down from 7.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings.
お知らせ • Aug 27Innovation Inc. to Report Q2, 2025 Results on Nov 11, 2024Innovation Inc. announced that they will report Q2, 2025 results on Nov 11, 2024
お知らせ • Aug 21Innovation Inc. (TSE:3970) announces an Equity Buyback for 60,000 shares, representing 2.24% for ¥90 million.Innovation Inc. (TSE:3970) announces a share repurchase program. Under the program, the company will repurchase up to 60,000 shares, representing 2.24% of its issued share capital (excluding treasury stock), for a total purchase price of ¥90 million. The purpose of the program is to improve capital efficiency, implement a flexible capital policy in response to changes in the business environment, and further return profits to shareholders. The program will be valid till January 27, 2025. As of June 30, 2024, the company has 2,682,434 issued shares (excluding treasury stock) and 29,666 treasury shares.
Reported Earnings • Aug 11First quarter 2025 earnings released: JP¥4.48 loss per share (vs JP¥20.54 profit in 1Q 2024)First quarter 2025 results: JP¥4.48 loss per share (down from JP¥20.54 profit in 1Q 2024). Revenue: JP¥1.22b (up 20% from 1Q 2024). Net loss: JP¥12.0m (down 123% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings.
分析記事 • Aug 06Innovation (TSE:3970) Is Doing The Right Things To Multiply Its Share PriceDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥1,001, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 21x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 62% over the past three years.
お知らせ • Jun 02Innovation Inc. to Report Q1, 2025 Results on Aug 09, 2024Innovation Inc. announced that they will report Q1, 2025 results on Aug 09, 2024
分析記事 • May 21Additional Considerations Required While Assessing Innovation's (TSE:3970) Strong EarningsInnovation Inc. ( TSE:3970 ) announced strong profits, but the stock was stagnant. Our analysis suggests that...
Reported Earnings • May 13Full year 2024 earnings released: EPS: JP¥94.87 (vs JP¥25.13 in FY 2023)Full year 2024 results: EPS: JP¥94.87 (up from JP¥25.13 in FY 2023). Revenue: JP¥4.81b (up 5.3% from FY 2023). Net income: JP¥244.0m (up 294% from FY 2023). Profit margin: 5.1% (up from 1.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 39% 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 • May 12Innovation Inc., Annual General Meeting, Jun 25, 2024Innovation Inc., Annual General Meeting, Jun 25, 2024.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 13 June 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.5%).
お知らせ • Mar 14Innovation Inc. to Report Fiscal Year 2024 Results on May 10, 2024Innovation Inc. announced that they will report fiscal year 2024 results on May 10, 2024
Reported Earnings • Feb 11Third quarter 2024 earnings released: EPS: JP¥27.97 (vs JP¥33.80 in 3Q 2023)Third quarter 2024 results: EPS: JP¥27.97 (down from JP¥33.80 in 3Q 2023). Revenue: JP¥1.27b (up 28% from 3Q 2023). Net income: JP¥72.0m (down 14% from 3Q 2023). Profit margin: 5.7% (down from 8.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year whereas the company’s share price has fallen by 32% per year.
お知らせ • Nov 26Innovation Inc. to Report Q3, 2024 Results on Feb 09, 2024Innovation Inc. announced that they will report Q3, 2024 results on Feb 09, 2024
Reported Earnings • Nov 10Second quarter 2024 earnings released: EPS: JP¥32.70 (vs JP¥18.54 in 2Q 2023)Second quarter 2024 results: EPS: JP¥32.70 (up from JP¥18.54 in 2Q 2023). Revenue: JP¥1.10b (down 15% from 2Q 2023). Net income: JP¥84.0m (up 83% from 2Q 2023). Profit margin: 7.6% (up from 3.6% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.
お知らせ • Sep 23Innovation Inc. to Report Q2, 2024 Results on Nov 09, 2023Innovation Inc. announced that they will report Q2, 2024 results on Nov 09, 2023
Reported Earnings • Aug 11First quarter 2024 earnings released: EPS: JP¥20.54 (vs JP¥38.11 in 1Q 2023)First quarter 2024 results: EPS: JP¥20.54 (down from JP¥38.11 in 1Q 2023). Revenue: JP¥1.01b (down 9.2% from 1Q 2023). Net income: JP¥52.0m (down 44% from 1Q 2023). Profit margin: 5.1% (down from 8.3% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Aug 10Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to JP¥1,388, the stock trades at a trailing P/E ratio of 57.5x. Average trailing P/E is 22x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 66% over the past three years.
New Risk • Jun 24New 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 5.1% 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 Dividend is not well covered by earnings (155% payout ratio). Share price has been volatile over the past 3 months (5.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Market cap is less than US$100m (JP¥4.06b market cap, or US$28.2m).
New Risk • Jun 23New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.5% 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: Minor Risks Dividend is not well covered by earnings (155% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.4% net profit margin). Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Market cap is less than US$100m (JP¥4.18b market cap, or US$29.2m).
お知らせ • Jun 14Innovation Inc. to Report Q1, 2024 Results on Aug 09, 2023Innovation Inc. announced that they will report Q1, 2024 results on Aug 09, 2023
Upcoming Dividend • Mar 23Upcoming dividend of JP¥39.00 per share at 2.5% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 09 June 2023. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).
Valuation Update With 7 Day Price Move • Feb 16Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥1,556, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 20x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 16% over the past three years.
Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥33.80 (vs JP¥48.46 in 3Q 2022)Third quarter 2023 results: EPS: JP¥33.80 (down from JP¥48.46 in 3Q 2022). Revenue: JP¥989.0m (down 16% from 3Q 2022). Net income: JP¥84.0m (down 26% from 3Q 2022). Profit margin: 8.5% (down from 9.7% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
お知らせ • Nov 30Innovation Inc. to Report Q3, 2023 Results on Feb 09, 2023Innovation Inc. announced that they will report Q3, 2023 results on Feb 09, 2023
Board Change • Nov 16No independent directorsThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Kazuhiro Goto was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Nov 11Second quarter 2023 earnings released: EPS: JP¥17.92 (vs JP¥39.58 in 2Q 2022)Second quarter 2023 results: EPS: JP¥17.92 (down from JP¥39.58 in 2Q 2022). Revenue: JP¥1.30b (up 20% from 2Q 2022). Net income: JP¥46.0m (down 51% from 2Q 2022). Profit margin: 3.6% (down from 8.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Buying Opportunity • Nov 11Now 29% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be JP¥2,831, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last year. Earnings per share has grown by 63%.
Buying Opportunity • Oct 11Now 22% undervaluedOver the last 90 days, the stock is up 4.7%. The fair value is estimated to be JP¥2,960, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last year. Earnings per share has grown by 63%.
Buying Opportunity • Sep 20Now 21% undervaluedOver the last 90 days, the stock is up 26%. The fair value is estimated to be JP¥3,280, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last year. Earnings per share has grown by 63%.
お知らせ • Sep 09Innovation Inc. to Report Q2, 2023 Results on Nov 09, 2022Innovation Inc. announced that they will report Q2, 2023 results on Nov 09, 2022
Buying Opportunity • Aug 24Now 21% undervaluedOver the last 90 days, the stock is up 13%. The fair value is estimated to be JP¥3,218, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last year. Earnings per share has grown by 63%.
Valuation Update With 7 Day Price Move • Aug 16Investor sentiment improved over the past weekAfter last week's 20% share price gain to JP¥2,599, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 28x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 50% over the past three years.
Reported Earnings • Aug 11First quarter 2023 earnings released: EPS: JP¥38.11 (vs JP¥23.02 in 1Q 2022)First quarter 2023 results: EPS: JP¥38.11 (up from JP¥23.02 in 1Q 2022). Revenue: JP¥1.11b (up 26% from 1Q 2022). Net income: JP¥92.0m (up 70% from 1Q 2022). Profit margin: 8.3% (up from 6.1% in 1Q 2022). The increase in margin was driven by higher revenue.
Buying Opportunity • Aug 08Now 24% undervaluedOver the last 90 days, the stock is up 10%. The fair value is estimated to be JP¥2,814, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 57%.
Buying Opportunity • Jul 01Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.0%. The fair value is estimated to be JP¥2,628, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 57%.
お知らせ • Jun 29Innovation Inc. to Report Q1, 2023 Results on Aug 09, 2022Innovation Inc. announced that they will report Q1, 2023 results on Aug 09, 2022
Buying Opportunity • Jun 13Now 20% undervaluedOver the last 90 days, the stock is up 7.1%. The fair value is estimated to be JP¥2,757, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 57%.
Buying Opportunity • May 24Now 20% undervaluedOver the last 90 days, the stock is up 16%. The fair value is estimated to be JP¥2,846, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last 3 years. Earnings per share has grown by 57%.
Valuation Update With 7 Day Price Move • May 18Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥2,121, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 23x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 175% over the past three years.
お知らせ • May 18Innovation Inc., Annual General Meeting, Jun 23, 2022Innovation Inc., Annual General Meeting, Jun 23, 2022.
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. Director Kazuhiro Goto was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 08+ 1 more updateInnovation Inc. announced that it has received ¥8.3721 million in fundingOn April 7, 2022, Innovation Inc. closed the transaction.
Valuation Update With 7 Day Price Move • Apr 05Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥2,394, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 24x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 206% over the past three years.
Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improved over the past weekAfter last week's 19% share price gain to JP¥2,323, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 25x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 198% over the past three years.
Valuation Update With 7 Day Price Move • Feb 16Investor sentiment deteriorated over the past weekAfter last week's 25% share price decline to JP¥2,235, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 25x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 205% over the past three years.
Buying Opportunity • Feb 15Now 23% undervalued after recent price dropOver the last 90 days, the stock is down 37%. The fair value is estimated to be JP¥3,060, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% per annum over the last 3 years. Earnings per share has grown by 59% per annum over the last 3 years.
Reported Earnings • Feb 10Third quarter 2022 earnings: EPS and revenues exceed analyst expectationsThird quarter 2022 results: EPS: JP¥48.46 (up from JP¥34.61 in 3Q 2021). Revenue: JP¥1.17b (up 62% from 3Q 2021). Net income: JP¥114.0m (up 41% from 3Q 2021). Profit margin: 9.7% (down from 11% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 15%. Earnings per share (EPS) also surpassed analyst estimates by 53%. Over the next year, revenue is forecast to grow 3.4%, compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Dec 24Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥3,905, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 35x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 466% over the past three years.
Reported Earnings • Nov 10Second quarter 2022 earnings released: EPS JP¥39.58 (vs JP¥28.43 in 2Q 2021)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2022 results: Revenue: JP¥1.08b (up 58% from 2Q 2021). Net income: JP¥93.0m (up 60% from 2Q 2021). Profit margin: 8.6% (in line with 2Q 2021).
Valuation Update With 7 Day Price Move • Aug 31Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥3,140, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 34x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 243% over the past three years.
Valuation Update With 7 Day Price Move • Aug 17Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to JP¥2,480, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 37x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 175% over the past three years.
Reported Earnings • Aug 12First quarter 2022 earnings released: EPS JP¥23.02 (vs JP¥31.76 in 1Q 2021)The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥884.0m (up 30% from 1Q 2021). Net income: JP¥54.0m (down 13% from 1Q 2021). Profit margin: 6.1% (down from 9.1% in 1Q 2021). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • May 24Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥3,530, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 34x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 201% over the past three years.
Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥135 (vs JP¥47.04 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥3.08b (up 53% from FY 2020). Net income: JP¥293.0m (up 219% from FY 2020). Profit margin: 9.5% (up from 4.5% in FY 2020). The increase in margin was driven by higher revenue.
Is New 90 Day High Low • Mar 03New 90-day low: JP¥2,922The company is down 20% from its price of JP¥3,635 on 03 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is flat over the same period.
Reported Earnings • Feb 11Third quarter 2021 earnings released: EPS JP¥34.61 (vs JP¥8.71 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥723.0m (up 41% from 3Q 2020). Net income: JP¥81.0m (up 377% from 3Q 2020). Profit margin: 11% (up from 3.3% in 3Q 2020). The increase in margin was driven by higher revenue.
Is New 90 Day High Low • Feb 10New 90-day high: JP¥4,100The company is up 18% from its price of JP¥3,460 on 12 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 3.0% over the same period.
Is New 90 Day High Low • Jan 22New 90-day high: JP¥3,795The company is up 3.0% from its price of JP¥3,670 on 23 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Interactive Media and Services industry, which is down 4.0% over the same period.
お知らせ • Dec 25Innovation Inc. to Report Q3, 2021 Results on Feb 09, 2021Innovation Inc. announced that they will report Q3, 2021 results on Feb 09, 2021
お知らせ • Oct 01Innovation Inc. to Report Q2, 2021 Results on Nov 10, 2020Innovation Inc. announced that they will report Q2, 2021 results on Nov 10, 2020
お知らせ • Jul 17Innovation Inc. announced that it expects to receive ¥10.51974 million in fundingInnovation Inc. (TSE:3970) announced that it will issue 3,795 of stock acquisition right at a price of ¥2,772 per stock acquisition right for a total gross proceeds of ¥10,519,740 on July 15, 2020. The stock purchase rights will be issued through third party allotment. Each stock acquisition right is convertible into 100 shares of common stock resulting in 379,500 common shares of the company for three years starting from August 3, 2020 to expiry date August 31, 2023. The initial exercise price of stock acquisition right is ¥5,270 and the lower exercise price is ¥3,162. The transaction will be expected to complete on July 31, 2020. The estimated amount of expense will be ¥7,000,000 in the transaction.
お知らせ • Jun 29Innovation Inc. to Report Q1, 2021 Results on Aug 11, 2020Innovation Inc. announced that they will report Q1, 2021 results on Aug 11, 2020