View Future GrowthCRI Middleware 過去の業績過去 基準チェック /26CRI Middlewareは、平均年間17.1%の収益成長を遂げていますが、 Software業界の収益は、年間 成長しています。収益は、平均年間12% 5.1%収益成長率で 成長しています。 CRI Middlewareの自己資本利益率は8.7%であり、純利益率は10.2%です。主要情報17.10%収益成長率18.03%EPS成長率Software 業界の成長12.13%収益成長率5.15%株主資本利益率8.75%ネット・マージン10.18%前回の決算情報31 Dec 2025最近の業績更新Reported Earnings • Feb 14First quarter 2026 earnings released: EPS: JP¥4.98 (vs JP¥19.33 in 1Q 2025)First quarter 2026 results: EPS: JP¥4.98 (down from JP¥19.33 in 1Q 2025). Revenue: JP¥803.0m (down 6.7% from 1Q 2025). Net income: JP¥26.0m (down 74% from 1Q 2025). Profit margin: 3.2% (down from 12% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 76% 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 • Dec 27CRI Middleware Co., Ltd. to Report Q1, 2026 Results on Feb 12, 2026CRI Middleware Co., Ltd. announced that they will report Q1, 2026 results on Feb 12, 2026分析記事 • Nov 13CRI Middleware's (TSE:3698) Earnings May Just Be The Starting PointInvestors were underwhelmed by the solid earnings posted by CRI Middleware Co., Ltd. ( TSE:3698 ) recently. Our...Reported Earnings • Nov 08Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥80.38 (up from JP¥58.18 in FY 2024). Revenue: JP¥3.45b (up 8.9% from FY 2024). Net income: JP¥420.0m (up 38% from FY 2024). Profit margin: 12% (up from 9.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 6.5%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.お知らせ • Sep 25CRI Middleware Co., Ltd. to Report Fiscal Year 2025 Results on Nov 06, 2025CRI Middleware Co., Ltd. announced that they will report fiscal year 2025 results on Nov 06, 2025Reported Earnings • Aug 08Third quarter 2025 earnings released: EPS: JP¥10.72 (vs JP¥2.87 in 3Q 2024)Third quarter 2025 results: EPS: JP¥10.72 (up from JP¥2.87 in 3Q 2024). Revenue: JP¥756.0m (up 2.4% from 3Q 2024). Net income: JP¥56.0m (up 273% from 3Q 2024). Profit margin: 7.4% (up from 2.0% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.すべての更新を表示Recent updatesReported Earnings • Feb 14First quarter 2026 earnings released: EPS: JP¥4.98 (vs JP¥19.33 in 1Q 2025)First quarter 2026 results: EPS: JP¥4.98 (down from JP¥19.33 in 1Q 2025). Revenue: JP¥803.0m (down 6.7% from 1Q 2025). Net income: JP¥26.0m (down 74% from 1Q 2025). Profit margin: 3.2% (down from 12% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 76% 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 • Dec 27CRI Middleware Co., Ltd. to Report Q1, 2026 Results on Feb 12, 2026CRI Middleware Co., Ltd. announced that they will report Q1, 2026 results on Feb 12, 2026お知らせ • Dec 06CRI Middleware Co., Ltd. to Unveil Ultra-Low-Heat GaN-Powered Full Digital Amplifier at CES 2026, Redefining Sound Architecture for MobilityCRI Middleware Co., Ltd. will debut its GaN-powered full digital amplifier at CES 2026 in Las Vegas. The product, CRI D-Amp Driver x GaN, combines the company's proprietary speaker-driving technology with gallium nitride (GaN) semiconductors to deliver: Ultra-low heat generation -- runs cool even at high output; High energy efficiency -- reduced power consumption for battery-sensitive applications; Simplified circuitry -- eliminates external components such as low-pass filters, reducing bill of materials cost. The amplifier targets the automotive market, where software-defined vehicles (SDVs) are creating demand for high-quality in-cabin entertainment. CRI D-Amp driver x GaN is designed to power everything from music playback to immersive experiences such as movies and karaoke, while minimizing thermal load and energy draw--critical requirements as vehicles add more electronic systems. CRI D-AMP Driver uses a proprietary method to pulse-drive speakers directly, eliminating the need for external components such as low- pass filters. The underlying technology has been deployed in more than 20 million devices across embedded and mobility applications. By constructing the amplification circuit with GaN semiconductors, CRI has achieved further gains in efficiency and thermal performance. CRI will also showcase CRI ADX Automotive, software that manages audio both inside and outside the vehicle, including warning tones for pedestrian alert systems.分析記事 • Nov 13CRI Middleware's (TSE:3698) Earnings May Just Be The Starting PointInvestors were underwhelmed by the solid earnings posted by CRI Middleware Co., Ltd. ( TSE:3698 ) recently. Our...Reported Earnings • Nov 08Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥80.38 (up from JP¥58.18 in FY 2024). Revenue: JP¥3.45b (up 8.9% from FY 2024). Net income: JP¥420.0m (up 38% from FY 2024). Profit margin: 12% (up from 9.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 6.5%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.分析記事 • Nov 06Estimating The Fair Value Of CRI Middleware Co., Ltd. (TSE:3698)Key Insights CRI Middleware's estimated fair value is JP¥1,194 based on 2 Stage Free Cash Flow to Equity CRI...お知らせ • Nov 06CRI Middleware Co., Ltd., Annual General Meeting, Dec 18, 2025CRI Middleware Co., Ltd., Annual General Meeting, Dec 18, 2025.Valuation Update With 7 Day Price Move • Nov 06Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,073, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 23x in the Software industry in Japan. Total returns to shareholders of 21% over the past three years.お知らせ • Sep 25CRI Middleware Co., Ltd. to Report Fiscal Year 2025 Results on Nov 06, 2025CRI Middleware Co., Ltd. announced that they will report fiscal year 2025 results on Nov 06, 2025Upcoming Dividend • Sep 22Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.5%).分析記事 • Sep 11Should You Be Adding CRI Middleware (TSE:3698) To Your Watchlist Today?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Buy Or Sell Opportunity • Sep 08Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at JP¥1,447. The fair value is estimated to be JP¥1,199, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 94%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 16% in the next 2 years.Reported Earnings • Aug 08Third quarter 2025 earnings released: EPS: JP¥10.72 (vs JP¥2.87 in 3Q 2024)Third quarter 2025 results: EPS: JP¥10.72 (up from JP¥2.87 in 3Q 2024). Revenue: JP¥756.0m (up 2.4% from 3Q 2024). Net income: JP¥56.0m (up 273% from 3Q 2024). Profit margin: 7.4% (up from 2.0% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 30%After last week's 30% share price gain to JP¥1,323, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 22x in the Software industry in Japan. Total returns to shareholders of 30% over the past three years.Buy Or Sell Opportunity • May 14Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 47% to JP¥1,308. The fair value is estimated to be JP¥1,071, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 84%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 5.2% in the next 2 years.Reported Earnings • May 09Second quarter 2025 earnings released: EPS: JP¥32.54 (vs JP¥24.50 in 2Q 2024)Second quarter 2025 results: EPS: JP¥32.54 (up from JP¥24.50 in 2Q 2024). Revenue: JP¥994.0m (up 20% from 2Q 2024). Net income: JP¥170.0m (up 33% from 2Q 2024). Profit margin: 17% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.分析記事 • May 07Optimistic Investors Push CRI Middleware Co., Ltd. (TSE:3698) Shares Up 29% But Growth Is LackingThe CRI Middleware Co., Ltd. ( TSE:3698 ) share price has done very well over the last month, posting an excellent gain...分析記事 • Apr 10Is CRI Middleware Co., Ltd. (TSE:3698) Potentially Undervalued?CRI Middleware Co., Ltd. ( TSE:3698 ), is not the largest company out there, but it saw significant share price...New Risk • Apr 07New 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 5.7% 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 (5.7% average weekly change). Market cap is less than US$100m (JP¥4.21b market cap, or US$28.8m).Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥808, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Software industry in Japan. Total loss to shareholders of 32% over the past three years.お知らせ • Mar 26CRI Middleware Co., Ltd. to Report Q2, 2025 Results on May 08, 2025CRI Middleware Co., Ltd. announced that they will report Q2, 2025 results on May 08, 2025Reported Earnings • Feb 15First quarter 2025 earnings released: EPS: JP¥19.33 (vs JP¥4.59 in 1Q 2024)First quarter 2025 results: EPS: JP¥19.33 (up from JP¥4.59 in 1Q 2024). Revenue: JP¥861.0m (up 28% from 1Q 2024). Net income: JP¥101.0m (up 321% from 1Q 2024). Profit margin: 12% (up from 3.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.分析記事 • Feb 13CRI Middleware (TSE:3698) Has A Rock Solid Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Jan 03CRI Middleware Co., Ltd. to Report Q1, 2025 Results on Feb 13, 2025CRI Middleware Co., Ltd. announced that they will report Q1, 2025 results on Feb 13, 2025Reported Earnings • Nov 09Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥58.18 (up from JP¥43.67 in FY 2023). Revenue: JP¥3.17b (up 5.9% from FY 2023). Net income: JP¥304.0m (up 31% from FY 2023). Profit margin: 9.6% (up from 7.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Software 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 fallen by 18% per year, which means it is significantly lagging earnings.お知らせ • Nov 07CRI Middleware Co., Ltd., Annual General Meeting, Dec 19, 2024CRI Middleware Co., Ltd., Annual General Meeting, Dec 19, 2024.Upcoming Dividend • Sep 20Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.2%).Reported Earnings • Aug 13Third quarter 2024 earnings released: EPS: JP¥2.87 (vs JP¥9.19 in 3Q 2023)Third quarter 2024 results: EPS: JP¥2.87 (down from JP¥9.19 in 3Q 2023). Revenue: JP¥738.0m (up 4.1% from 3Q 2023). Net income: JP¥15.0m (down 69% from 3Q 2023). Profit margin: 2.0% (down from 6.8% in 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Software 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 23% per year, which means it is significantly lagging earnings.分析記事 • Aug 07Investors Interested In CRI Middleware Co., Ltd.'s (TSE:3698) RevenuesThere wouldn't be many who think CRI Middleware Co., Ltd.'s ( TSE:3698 ) price-to-sales (or "P/S") ratio of 1.2x is...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to JP¥656, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Software industry in Japan. Total loss to shareholders of 55% over the past three years.お知らせ • Jun 27CRI Middleware Co., Ltd. to Report Q3, 2024 Results on Aug 08, 2024CRI Middleware Co., Ltd. announced that they will report Q3, 2024 results on Aug 08, 2024分析記事 • May 21The Strong Earnings Posted By CRI Middleware (TSE:3698) Are A Good Indication Of The Strength Of The BusinessCRI Middleware Co., Ltd. ( TSE:3698 ) just reported healthy earnings but the stock price didn't move much. Our analysis...Reported Earnings • May 11Second quarter 2024 earnings released: EPS: JP¥24.50 (vs JP¥20.57 in 2Q 2023)Second quarter 2024 results: EPS: JP¥24.50 (up from JP¥20.57 in 2Q 2023). Revenue: JP¥826.0m (up 7.1% from 2Q 2023). Net income: JP¥128.0m (up 16% from 2Q 2023). Profit margin: 16% (up from 14% in 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.お知らせ • Mar 27CRI Middleware Co., Ltd. to Report Q2, 2024 Results on May 09, 2024CRI Middleware Co., Ltd. announced that they will report Q2, 2024 results on May 09, 2024Reported Earnings • Feb 10First quarter 2024 earnings released: EPS: JP¥4.59 (vs JP¥6.78 in 1Q 2023)First quarter 2024 results: EPS: JP¥4.59 (down from JP¥6.78 in 1Q 2023). Revenue: JP¥673.0m (down 1.2% from 1Q 2023). Net income: JP¥24.0m (down 35% from 1Q 2023). Profit margin: 3.6% (down from 5.4% in 1Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.Reported Earnings • Dec 28Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: JP¥43.67 (up from JP¥62.12 loss in FY 2022). Revenue: JP¥2.99b (up 5.3% from FY 2022). Net income: JP¥232.0m (up JP¥571.0m from FY 2022). Profit margin: 7.8% (up from net loss in FY 2022). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. 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.お知らせ • Dec 27CRI Middleware Co., Ltd. to Report Q1, 2024 Results on Feb 08, 2024CRI Middleware Co., Ltd. announced that they will report Q1, 2024 results on Feb 08, 2024お知らせ • Nov 11CRI Middleware Co., Ltd., Annual General Meeting, Dec 21, 2023CRI Middleware Co., Ltd., Annual General Meeting, Dec 21, 2023.Reported Earnings • Nov 11Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: JP¥43.67 (up from JP¥62.12 loss in FY 2022). Revenue: JP¥2.99b (up 5.3% from FY 2022). Net income: JP¥232.0m (up JP¥571.0m from FY 2022). Profit margin: 7.8% (up from net loss in FY 2022). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.お知らせ • Sep 27CRI Middleware Co., Ltd. to Report Fiscal Year 2023 Results on Nov 09, 2023CRI Middleware Co., Ltd. announced that they will report fiscal year 2023 results on Nov 09, 2023New Risk • Aug 08New 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 5.3% 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 (5.3% average weekly change). Market cap is less than US$100m (JP¥6.08b market cap, or US$42.7m).Reported Earnings • Aug 04Third quarter 2023 earnings released: EPS: JP¥9.19 (vs JP¥5.13 loss in 3Q 2022)Third quarter 2023 results: EPS: JP¥9.19 (up from JP¥5.13 loss in 3Q 2022). Revenue: JP¥709.0m (up 8.6% from 3Q 2022). Net income: JP¥48.0m (up JP¥76.0m from 3Q 2022). Profit margin: 6.8% (up from net loss in 3Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.お知らせ • Jun 26CRI Middleware Co., Ltd. to Report Q3, 2023 Results on Aug 03, 2023CRI Middleware Co., Ltd. announced that they will report Q3, 2023 results on Aug 03, 2023Reported Earnings • May 17Second quarter 2023 earnings released: EPS: JP¥20.57 (vs JP¥1.47 in 2Q 2022)Second quarter 2023 results: EPS: JP¥20.57 (up from JP¥1.47 in 2Q 2022). Revenue: JP¥771.0m (up 18% from 2Q 2022). Net income: JP¥110.0m (up JP¥102.0m from 2Q 2022). Profit margin: 14% (up from 1.2% in 2Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.お知らせ • Feb 17+ 1 more updateTENDA Co.,LTD. (TSE:4198) signed a share transfer agreement to acquire R-Force Entertainment Inc. from CRI Middleware Co., Ltd. (TSE:3698).TENDA Co.,LTD. (TSE:4198) signed a share transfer agreement to acquire R-Force Entertainment Inc. from CRI Middleware Co., Ltd. (TSE:3698) on February 15, 2023. As part of transaction, TENDA will acquire 1,050 shares. For period ended September 2022, R-Force Entertainment reported net worth of ¥60.8 million, total assets of ¥190.9 million, operating income of -¥111.4 million and net income of -¥231.4 million. The transaction is expected to complete on February 28, 2023.Reported Earnings • Feb 12First quarter 2023 earnings released: EPS: JP¥6.78 (vs JP¥0.55 in 1Q 2022)First quarter 2023 results: EPS: JP¥6.78 (up from JP¥0.55 in 1Q 2022). Revenue: JP¥681.0m (up 3.5% from 1Q 2022). Net income: JP¥37.0m (up JP¥34.0m from 1Q 2022). Profit margin: 5.4% (up from 0.5% in 1Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance.Reported Earnings • Dec 28Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: JP¥62.12 loss per share (down from JP¥36.59 profit in FY 2021). Revenue: JP¥2.84b (down 1.8% from FY 2021). Net loss: JP¥339.0m (down 270% from profit in FY 2021). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.お知らせ • Dec 26CRI Middleware Co., Ltd. to Report Q1, 2023 Results on Feb 09, 2023CRI Middleware Co., Ltd. announced that they will report Q1, 2023 results on Feb 09, 2023Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. No independent directors (5 non-independent directors). Outside Auditor Minoru Uchida was the last director to join the board, commencing their role in 2013. 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 13Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: JP¥62.12 loss per share (down from JP¥36.59 profit in FY 2021). Revenue: JP¥2.84b (down 1.8% from FY 2021). Net loss: JP¥339.0m (down 270% from profit in FY 2021). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.お知らせ • Nov 12CRI Middleware Co., Ltd., Annual General Meeting, Dec 22, 2022CRI Middleware Co., Ltd., Annual General Meeting, Dec 22, 2022.お知らせ • Sep 24CRI Middleware Co., Ltd. to Report Fiscal Year 2022 Results on Nov 10, 2022CRI Middleware Co., Ltd. announced that they will report fiscal year 2022 results on Nov 10, 2022Reported Earnings • Aug 05Third quarter 2022 earnings released: JP¥5.13 loss per share (vs JP¥8.45 profit in 3Q 2021)Third quarter 2022 results: JP¥5.13 loss per share (down from JP¥8.45 profit in 3Q 2021). Revenue: JP¥653.0m (flat on 3Q 2021). Net loss: JP¥28.0m (down 161% from profit in 3Q 2021). Over the next year, revenue is forecast to grow 34%, compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.Reported Earnings • May 16Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: JP¥1.47 (down from JP¥12.69 in 2Q 2021). Revenue: JP¥654.0m (down 16% from 2Q 2021). Net income: JP¥8.00m (down 88% from 2Q 2021). Profit margin: 1.2% (down from 8.9% in 2Q 2021). Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 39%. Over the next year, revenue is forecast to grow 29%, compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. No independent directors (5 non-independent directors). Outside Auditor Minoru Uchida was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.お知らせ • Apr 08CRI Middleware Co., Ltd. to Report Q2, 2022 Results on May 12, 2022CRI Middleware Co., Ltd. announced that they will report Q2, 2022 results on May 12, 2022Valuation Update With 7 Day Price Move • Feb 17Investor sentiment deteriorated over the past weekAfter last week's 25% share price decline to JP¥1,016, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 20x in the Software industry in Japan. Total loss to shareholders of 72% over the past three years.Reported Earnings • Feb 14First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: JP¥0.55 (down from JP¥8.30 in 1Q 2021). Revenue: JP¥658.0m (down 4.1% from 1Q 2021). Net income: JP¥3.00m (down 93% from 1Q 2021). Profit margin: 0.5% (down from 6.6% in 1Q 2021). Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 39%. Over the next year, revenue is forecast to grow 18%, compared to a 16% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥1,513, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 25x in the Software industry in Japan. Total loss to shareholders of 41% over the past three years.Reported Earnings • Nov 12Full year 2021 earnings released: EPS JP¥36.59 (vs JP¥70.46 in FY 2020)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥2.89b (up 23% from FY 2020). Net income: JP¥199.0m (down 47% from FY 2020). Profit margin: 6.9% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.Reported Earnings • Aug 06Third quarter 2021 earnings released: EPS JP¥8.45 (vs JP¥15.56 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥656.0m (up 43% from 3Q 2020). Net income: JP¥46.0m (down 45% from 3Q 2020). Profit margin: 7.0% (down from 18% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Reported Earnings • May 16Second quarter 2021 earnings released: EPS JP¥12.69 (vs JP¥10.52 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: JP¥776.0m (up 47% from 2Q 2020). Net income: JP¥69.0m (up 23% from 2Q 2020). Profit margin: 8.9% (down from 11% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.お知らせ • Jan 09CRI Middleware Co., Ltd. to Report Q1, 2021 Results on Feb 09, 2021CRI Middleware Co., Ltd. announced that they will report Q1, 2021 results on Feb 09, 2021Valuation Update With 7 Day Price Move • Jan 01Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥2,615, the stock is trading at a trailing P/E ratio of 37.1x, up from the previous P/E ratio of 31.6x. This compares to an average P/E of 37x in the Software industry in Japan. Total returns to shareholders over the past three years are 34%.Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improved over the past weekAfter last week's 21% share price gain to JP¥2,570, the stock is trading at a trailing P/E ratio of 36.5x, up from the previous P/E ratio of 30.1x. This compares to an average P/E of 36x in the Software industry in Japan. Total returns to shareholders over the past three years are 32%.Is New 90 Day High Low • Dec 21New 90-day high: JP¥2,235The company is up 36% from its price of JP¥1,648 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 3.0% over the same period.Is New 90 Day High Low • Dec 01New 90-day high: JP¥2,056The company is up 32% from its price of JP¥1,560 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 Software industry, which is up 2.0% over the same period.お知らせ • Nov 14CRI Middleware Co., Ltd., Annual General Meeting, Dec 17, 2020CRI Middleware Co., Ltd., Annual General Meeting, Dec 17, 2020.お知らせ • Jul 05CRI Middleware Co., Ltd. to Report Q3, 2020 Results on Aug 06, 2020CRI Middleware Co., Ltd. announced that they will report Q3, 2020 results on Aug 06, 2020収支内訳CRI Middleware の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史TSE:3698 収益、費用、利益 ( )JPY Millions日付収益収益G+A経費研究開発費31 Dec 253,3903451,41418730 Sep 253,4484201,33218730 Jun 253,5414641,33315931 Mar 253,5234231,30815931 Dec 243,3553811,22515930 Sep 243,1673041,18915930 Jun 243,0662041,17818931 Mar 243,0372371,20418931 Dec 232,9822191,19418930 Sep 232,9902321,19818930 Jun 233,036-1271,2447631 Mar 232,980-2031,1747631 Dec 222,863-3051,1787630 Sep 222,840-3391,1747630 Jun 222,739221,1637331 Mar 222,742961,1597331 Dec 212,8641571,1317330 Sep 212,8921991,1057330 Jun 213,0013421,0667131 Mar 212,8033799877131 Dec 202,5553669357130 Sep 202,3493738737130 Jun 201,9682937939031 Mar 201,8642217769031 Dec 191,7902167429030 Sep 191,7842596889030 Jun 191,8322727047631 Mar 191,8663426537631 Dec 181,8093656367630 Sep 181,6412846267630 Jun 181,3951855898831 Mar 181,3501386348831 Dec 171,2901056608830 Sep 171,258806758830 Jun 171,3431416826231 Mar 171,3351586316231 Dec 161,3581825926230 Sep 161,3342035696230 Jun 161,3081995266831 Mar 161,2051575086831 Dec 151,1561344696830 Sep 151,1951614226830 Jun 151,17211343773質の高い収益: 3698は 高品質の収益 を持っています。利益率の向上: 3698の現在の純利益率 (10.2%)は、昨年(11.4%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: 3698の収益は過去 5 年間で年間17.1%増加しました。成長の加速: 3698は過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: 3698は過去 1 年間で収益成長率がマイナス ( -9.4% ) となったため、 Software業界平均 ( 18.8% ) と比較することが困難です。株主資本利益率高いROE: 3698の 自己資本利益率 ( 8.7% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YSoftware 、過去の業績が好調な企業。View Financial Health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2026/05/08 07:17終値2026/05/08 00:00収益2025/12/31年間収益2025/09/30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CRI Middleware Co., Ltd. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Yasuyoshi MimuraIchiyoshi Research Institute Inc.
Reported Earnings • Feb 14First quarter 2026 earnings released: EPS: JP¥4.98 (vs JP¥19.33 in 1Q 2025)First quarter 2026 results: EPS: JP¥4.98 (down from JP¥19.33 in 1Q 2025). Revenue: JP¥803.0m (down 6.7% from 1Q 2025). Net income: JP¥26.0m (down 74% from 1Q 2025). Profit margin: 3.2% (down from 12% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 76% 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 • Dec 27CRI Middleware Co., Ltd. to Report Q1, 2026 Results on Feb 12, 2026CRI Middleware Co., Ltd. announced that they will report Q1, 2026 results on Feb 12, 2026
分析記事 • Nov 13CRI Middleware's (TSE:3698) Earnings May Just Be The Starting PointInvestors were underwhelmed by the solid earnings posted by CRI Middleware Co., Ltd. ( TSE:3698 ) recently. Our...
Reported Earnings • Nov 08Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥80.38 (up from JP¥58.18 in FY 2024). Revenue: JP¥3.45b (up 8.9% from FY 2024). Net income: JP¥420.0m (up 38% from FY 2024). Profit margin: 12% (up from 9.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 6.5%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
お知らせ • Sep 25CRI Middleware Co., Ltd. to Report Fiscal Year 2025 Results on Nov 06, 2025CRI Middleware Co., Ltd. announced that they will report fiscal year 2025 results on Nov 06, 2025
Reported Earnings • Aug 08Third quarter 2025 earnings released: EPS: JP¥10.72 (vs JP¥2.87 in 3Q 2024)Third quarter 2025 results: EPS: JP¥10.72 (up from JP¥2.87 in 3Q 2024). Revenue: JP¥756.0m (up 2.4% from 3Q 2024). Net income: JP¥56.0m (up 273% from 3Q 2024). Profit margin: 7.4% (up from 2.0% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 14First quarter 2026 earnings released: EPS: JP¥4.98 (vs JP¥19.33 in 1Q 2025)First quarter 2026 results: EPS: JP¥4.98 (down from JP¥19.33 in 1Q 2025). Revenue: JP¥803.0m (down 6.7% from 1Q 2025). Net income: JP¥26.0m (down 74% from 1Q 2025). Profit margin: 3.2% (down from 12% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 76% 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 • Dec 27CRI Middleware Co., Ltd. to Report Q1, 2026 Results on Feb 12, 2026CRI Middleware Co., Ltd. announced that they will report Q1, 2026 results on Feb 12, 2026
お知らせ • Dec 06CRI Middleware Co., Ltd. to Unveil Ultra-Low-Heat GaN-Powered Full Digital Amplifier at CES 2026, Redefining Sound Architecture for MobilityCRI Middleware Co., Ltd. will debut its GaN-powered full digital amplifier at CES 2026 in Las Vegas. The product, CRI D-Amp Driver x GaN, combines the company's proprietary speaker-driving technology with gallium nitride (GaN) semiconductors to deliver: Ultra-low heat generation -- runs cool even at high output; High energy efficiency -- reduced power consumption for battery-sensitive applications; Simplified circuitry -- eliminates external components such as low-pass filters, reducing bill of materials cost. The amplifier targets the automotive market, where software-defined vehicles (SDVs) are creating demand for high-quality in-cabin entertainment. CRI D-Amp driver x GaN is designed to power everything from music playback to immersive experiences such as movies and karaoke, while minimizing thermal load and energy draw--critical requirements as vehicles add more electronic systems. CRI D-AMP Driver uses a proprietary method to pulse-drive speakers directly, eliminating the need for external components such as low- pass filters. The underlying technology has been deployed in more than 20 million devices across embedded and mobility applications. By constructing the amplification circuit with GaN semiconductors, CRI has achieved further gains in efficiency and thermal performance. CRI will also showcase CRI ADX Automotive, software that manages audio both inside and outside the vehicle, including warning tones for pedestrian alert systems.
分析記事 • Nov 13CRI Middleware's (TSE:3698) Earnings May Just Be The Starting PointInvestors were underwhelmed by the solid earnings posted by CRI Middleware Co., Ltd. ( TSE:3698 ) recently. Our...
Reported Earnings • Nov 08Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥80.38 (up from JP¥58.18 in FY 2024). Revenue: JP¥3.45b (up 8.9% from FY 2024). Net income: JP¥420.0m (up 38% from FY 2024). Profit margin: 12% (up from 9.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 6.5%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
分析記事 • Nov 06Estimating The Fair Value Of CRI Middleware Co., Ltd. (TSE:3698)Key Insights CRI Middleware's estimated fair value is JP¥1,194 based on 2 Stage Free Cash Flow to Equity CRI...
お知らせ • Nov 06CRI Middleware Co., Ltd., Annual General Meeting, Dec 18, 2025CRI Middleware Co., Ltd., Annual General Meeting, Dec 18, 2025.
Valuation Update With 7 Day Price Move • Nov 06Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,073, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 23x in the Software industry in Japan. Total returns to shareholders of 21% over the past three years.
お知らせ • Sep 25CRI Middleware Co., Ltd. to Report Fiscal Year 2025 Results on Nov 06, 2025CRI Middleware Co., Ltd. announced that they will report fiscal year 2025 results on Nov 06, 2025
Upcoming Dividend • Sep 22Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.5%).
分析記事 • Sep 11Should You Be Adding CRI Middleware (TSE:3698) To Your Watchlist Today?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Buy Or Sell Opportunity • Sep 08Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at JP¥1,447. The fair value is estimated to be JP¥1,199, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 94%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 16% in the next 2 years.
Reported Earnings • Aug 08Third quarter 2025 earnings released: EPS: JP¥10.72 (vs JP¥2.87 in 3Q 2024)Third quarter 2025 results: EPS: JP¥10.72 (up from JP¥2.87 in 3Q 2024). Revenue: JP¥756.0m (up 2.4% from 3Q 2024). Net income: JP¥56.0m (up 273% from 3Q 2024). Profit margin: 7.4% (up from 2.0% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 15Investor sentiment improves as stock rises 30%After last week's 30% share price gain to JP¥1,323, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 22x in the Software industry in Japan. Total returns to shareholders of 30% over the past three years.
Buy Or Sell Opportunity • May 14Now 22% overvalued after recent price riseOver the last 90 days, the stock has risen 47% to JP¥1,308. The fair value is estimated to be JP¥1,071, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 84%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 5.2% in the next 2 years.
Reported Earnings • May 09Second quarter 2025 earnings released: EPS: JP¥32.54 (vs JP¥24.50 in 2Q 2024)Second quarter 2025 results: EPS: JP¥32.54 (up from JP¥24.50 in 2Q 2024). Revenue: JP¥994.0m (up 20% from 2Q 2024). Net income: JP¥170.0m (up 33% from 2Q 2024). Profit margin: 17% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth.
分析記事 • May 07Optimistic Investors Push CRI Middleware Co., Ltd. (TSE:3698) Shares Up 29% But Growth Is LackingThe CRI Middleware Co., Ltd. ( TSE:3698 ) share price has done very well over the last month, posting an excellent gain...
分析記事 • Apr 10Is CRI Middleware Co., Ltd. (TSE:3698) Potentially Undervalued?CRI Middleware Co., Ltd. ( TSE:3698 ), is not the largest company out there, but it saw significant share price...
New Risk • Apr 07New 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 5.7% 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 (5.7% average weekly change). Market cap is less than US$100m (JP¥4.21b market cap, or US$28.8m).
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥808, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Software industry in Japan. Total loss to shareholders of 32% over the past three years.
お知らせ • Mar 26CRI Middleware Co., Ltd. to Report Q2, 2025 Results on May 08, 2025CRI Middleware Co., Ltd. announced that they will report Q2, 2025 results on May 08, 2025
Reported Earnings • Feb 15First quarter 2025 earnings released: EPS: JP¥19.33 (vs JP¥4.59 in 1Q 2024)First quarter 2025 results: EPS: JP¥19.33 (up from JP¥4.59 in 1Q 2024). Revenue: JP¥861.0m (up 28% from 1Q 2024). Net income: JP¥101.0m (up 321% from 1Q 2024). Profit margin: 12% (up from 3.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
分析記事 • Feb 13CRI Middleware (TSE:3698) Has A Rock Solid Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Jan 03CRI Middleware Co., Ltd. to Report Q1, 2025 Results on Feb 13, 2025CRI Middleware Co., Ltd. announced that they will report Q1, 2025 results on Feb 13, 2025
Reported Earnings • Nov 09Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥58.18 (up from JP¥43.67 in FY 2023). Revenue: JP¥3.17b (up 5.9% from FY 2023). Net income: JP¥304.0m (up 31% from FY 2023). Profit margin: 9.6% (up from 7.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Software 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 fallen by 18% per year, which means it is significantly lagging earnings.
お知らせ • Nov 07CRI Middleware Co., Ltd., Annual General Meeting, Dec 19, 2024CRI Middleware Co., Ltd., Annual General Meeting, Dec 19, 2024.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.2%).
Reported Earnings • Aug 13Third quarter 2024 earnings released: EPS: JP¥2.87 (vs JP¥9.19 in 3Q 2023)Third quarter 2024 results: EPS: JP¥2.87 (down from JP¥9.19 in 3Q 2023). Revenue: JP¥738.0m (up 4.1% from 3Q 2023). Net income: JP¥15.0m (down 69% from 3Q 2023). Profit margin: 2.0% (down from 6.8% in 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Software 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 23% per year, which means it is significantly lagging earnings.
分析記事 • Aug 07Investors Interested In CRI Middleware Co., Ltd.'s (TSE:3698) RevenuesThere wouldn't be many who think CRI Middleware Co., Ltd.'s ( TSE:3698 ) price-to-sales (or "P/S") ratio of 1.2x is...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to JP¥656, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Software industry in Japan. Total loss to shareholders of 55% over the past three years.
お知らせ • Jun 27CRI Middleware Co., Ltd. to Report Q3, 2024 Results on Aug 08, 2024CRI Middleware Co., Ltd. announced that they will report Q3, 2024 results on Aug 08, 2024
分析記事 • May 21The Strong Earnings Posted By CRI Middleware (TSE:3698) Are A Good Indication Of The Strength Of The BusinessCRI Middleware Co., Ltd. ( TSE:3698 ) just reported healthy earnings but the stock price didn't move much. Our analysis...
Reported Earnings • May 11Second quarter 2024 earnings released: EPS: JP¥24.50 (vs JP¥20.57 in 2Q 2023)Second quarter 2024 results: EPS: JP¥24.50 (up from JP¥20.57 in 2Q 2023). Revenue: JP¥826.0m (up 7.1% from 2Q 2023). Net income: JP¥128.0m (up 16% from 2Q 2023). Profit margin: 16% (up from 14% in 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 27CRI Middleware Co., Ltd. to Report Q2, 2024 Results on May 09, 2024CRI Middleware Co., Ltd. announced that they will report Q2, 2024 results on May 09, 2024
Reported Earnings • Feb 10First quarter 2024 earnings released: EPS: JP¥4.59 (vs JP¥6.78 in 1Q 2023)First quarter 2024 results: EPS: JP¥4.59 (down from JP¥6.78 in 1Q 2023). Revenue: JP¥673.0m (down 1.2% from 1Q 2023). Net income: JP¥24.0m (down 35% from 1Q 2023). Profit margin: 3.6% (down from 5.4% in 1Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.
Reported Earnings • Dec 28Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: JP¥43.67 (up from JP¥62.12 loss in FY 2022). Revenue: JP¥2.99b (up 5.3% from FY 2022). Net income: JP¥232.0m (up JP¥571.0m from FY 2022). Profit margin: 7.8% (up from net loss in FY 2022). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. 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.
お知らせ • Dec 27CRI Middleware Co., Ltd. to Report Q1, 2024 Results on Feb 08, 2024CRI Middleware Co., Ltd. announced that they will report Q1, 2024 results on Feb 08, 2024
お知らせ • Nov 11CRI Middleware Co., Ltd., Annual General Meeting, Dec 21, 2023CRI Middleware Co., Ltd., Annual General Meeting, Dec 21, 2023.
Reported Earnings • Nov 11Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2023 results: EPS: JP¥43.67 (up from JP¥62.12 loss in FY 2022). Revenue: JP¥2.99b (up 5.3% from FY 2022). Net income: JP¥232.0m (up JP¥571.0m from FY 2022). Profit margin: 7.8% (up from net loss in FY 2022). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance.
お知らせ • Sep 27CRI Middleware Co., Ltd. to Report Fiscal Year 2023 Results on Nov 09, 2023CRI Middleware Co., Ltd. announced that they will report fiscal year 2023 results on Nov 09, 2023
New Risk • Aug 08New 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 5.3% 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 (5.3% average weekly change). Market cap is less than US$100m (JP¥6.08b market cap, or US$42.7m).
Reported Earnings • Aug 04Third quarter 2023 earnings released: EPS: JP¥9.19 (vs JP¥5.13 loss in 3Q 2022)Third quarter 2023 results: EPS: JP¥9.19 (up from JP¥5.13 loss in 3Q 2022). Revenue: JP¥709.0m (up 8.6% from 3Q 2022). Net income: JP¥48.0m (up JP¥76.0m from 3Q 2022). Profit margin: 6.8% (up from net loss in 3Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 26CRI Middleware Co., Ltd. to Report Q3, 2023 Results on Aug 03, 2023CRI Middleware Co., Ltd. announced that they will report Q3, 2023 results on Aug 03, 2023
Reported Earnings • May 17Second quarter 2023 earnings released: EPS: JP¥20.57 (vs JP¥1.47 in 2Q 2022)Second quarter 2023 results: EPS: JP¥20.57 (up from JP¥1.47 in 2Q 2022). Revenue: JP¥771.0m (up 18% from 2Q 2022). Net income: JP¥110.0m (up JP¥102.0m from 2Q 2022). Profit margin: 14% (up from 1.2% in 2Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 17+ 1 more updateTENDA Co.,LTD. (TSE:4198) signed a share transfer agreement to acquire R-Force Entertainment Inc. from CRI Middleware Co., Ltd. (TSE:3698).TENDA Co.,LTD. (TSE:4198) signed a share transfer agreement to acquire R-Force Entertainment Inc. from CRI Middleware Co., Ltd. (TSE:3698) on February 15, 2023. As part of transaction, TENDA will acquire 1,050 shares. For period ended September 2022, R-Force Entertainment reported net worth of ¥60.8 million, total assets of ¥190.9 million, operating income of -¥111.4 million and net income of -¥231.4 million. The transaction is expected to complete on February 28, 2023.
Reported Earnings • Feb 12First quarter 2023 earnings released: EPS: JP¥6.78 (vs JP¥0.55 in 1Q 2022)First quarter 2023 results: EPS: JP¥6.78 (up from JP¥0.55 in 1Q 2022). Revenue: JP¥681.0m (up 3.5% from 1Q 2022). Net income: JP¥37.0m (up JP¥34.0m from 1Q 2022). Profit margin: 5.4% (up from 0.5% in 1Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance.
Reported Earnings • Dec 28Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: JP¥62.12 loss per share (down from JP¥36.59 profit in FY 2021). Revenue: JP¥2.84b (down 1.8% from FY 2021). Net loss: JP¥339.0m (down 270% from profit in FY 2021). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings.
お知らせ • Dec 26CRI Middleware Co., Ltd. to Report Q1, 2023 Results on Feb 09, 2023CRI Middleware Co., Ltd. announced that they will report Q1, 2023 results on Feb 09, 2023
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. No independent directors (5 non-independent directors). Outside Auditor Minoru Uchida was the last director to join the board, commencing their role in 2013. 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 13Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: JP¥62.12 loss per share (down from JP¥36.59 profit in FY 2021). Revenue: JP¥2.84b (down 1.8% from FY 2021). Net loss: JP¥339.0m (down 270% from profit in FY 2021). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 12CRI Middleware Co., Ltd., Annual General Meeting, Dec 22, 2022CRI Middleware Co., Ltd., Annual General Meeting, Dec 22, 2022.
お知らせ • Sep 24CRI Middleware Co., Ltd. to Report Fiscal Year 2022 Results on Nov 10, 2022CRI Middleware Co., Ltd. announced that they will report fiscal year 2022 results on Nov 10, 2022
Reported Earnings • Aug 05Third quarter 2022 earnings released: JP¥5.13 loss per share (vs JP¥8.45 profit in 3Q 2021)Third quarter 2022 results: JP¥5.13 loss per share (down from JP¥8.45 profit in 3Q 2021). Revenue: JP¥653.0m (flat on 3Q 2021). Net loss: JP¥28.0m (down 161% from profit in 3Q 2021). Over the next year, revenue is forecast to grow 34%, compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings.
Reported Earnings • May 16Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: JP¥1.47 (down from JP¥12.69 in 2Q 2021). Revenue: JP¥654.0m (down 16% from 2Q 2021). Net income: JP¥8.00m (down 88% from 2Q 2021). Profit margin: 1.2% (down from 8.9% in 2Q 2021). Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 39%. Over the next year, revenue is forecast to grow 29%, compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. No independent directors (5 non-independent directors). Outside Auditor Minoru Uchida was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
お知らせ • Apr 08CRI Middleware Co., Ltd. to Report Q2, 2022 Results on May 12, 2022CRI Middleware Co., Ltd. announced that they will report Q2, 2022 results on May 12, 2022
Valuation Update With 7 Day Price Move • Feb 17Investor sentiment deteriorated over the past weekAfter last week's 25% share price decline to JP¥1,016, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 20x in the Software industry in Japan. Total loss to shareholders of 72% over the past three years.
Reported Earnings • Feb 14First quarter 2022 earnings: EPS and revenues miss analyst expectationsFirst quarter 2022 results: EPS: JP¥0.55 (down from JP¥8.30 in 1Q 2021). Revenue: JP¥658.0m (down 4.1% from 1Q 2021). Net income: JP¥3.00m (down 93% from 1Q 2021). Profit margin: 0.5% (down from 6.6% in 1Q 2021). Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 39%. Over the next year, revenue is forecast to grow 18%, compared to a 16% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Nov 19Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥1,513, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 25x in the Software industry in Japan. Total loss to shareholders of 41% over the past three years.
Reported Earnings • Nov 12Full year 2021 earnings released: EPS JP¥36.59 (vs JP¥70.46 in FY 2020)The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥2.89b (up 23% from FY 2020). Net income: JP¥199.0m (down 47% from FY 2020). Profit margin: 6.9% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.
Reported Earnings • Aug 06Third quarter 2021 earnings released: EPS JP¥8.45 (vs JP¥15.56 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥656.0m (up 43% from 3Q 2020). Net income: JP¥46.0m (down 45% from 3Q 2020). Profit margin: 7.0% (down from 18% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Reported Earnings • May 16Second quarter 2021 earnings released: EPS JP¥12.69 (vs JP¥10.52 in 2Q 2020)The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: JP¥776.0m (up 47% from 2Q 2020). Net income: JP¥69.0m (up 23% from 2Q 2020). Profit margin: 8.9% (down from 11% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
お知らせ • Jan 09CRI Middleware Co., Ltd. to Report Q1, 2021 Results on Feb 09, 2021CRI Middleware Co., Ltd. announced that they will report Q1, 2021 results on Feb 09, 2021
Valuation Update With 7 Day Price Move • Jan 01Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥2,615, the stock is trading at a trailing P/E ratio of 37.1x, up from the previous P/E ratio of 31.6x. This compares to an average P/E of 37x in the Software industry in Japan. Total returns to shareholders over the past three years are 34%.
Valuation Update With 7 Day Price Move • Dec 29Investor sentiment improved over the past weekAfter last week's 21% share price gain to JP¥2,570, the stock is trading at a trailing P/E ratio of 36.5x, up from the previous P/E ratio of 30.1x. This compares to an average P/E of 36x in the Software industry in Japan. Total returns to shareholders over the past three years are 32%.
Is New 90 Day High Low • Dec 21New 90-day high: JP¥2,235The company is up 36% from its price of JP¥1,648 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 3.0% over the same period.
Is New 90 Day High Low • Dec 01New 90-day high: JP¥2,056The company is up 32% from its price of JP¥1,560 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 Software industry, which is up 2.0% over the same period.
お知らせ • Nov 14CRI Middleware Co., Ltd., Annual General Meeting, Dec 17, 2020CRI Middleware Co., Ltd., Annual General Meeting, Dec 17, 2020.
お知らせ • Jul 05CRI Middleware Co., Ltd. to Report Q3, 2020 Results on Aug 06, 2020CRI Middleware Co., Ltd. announced that they will report Q3, 2020 results on Aug 06, 2020