View Past PerformanceShowcase バランスシートの健全性財務の健全性 基準チェック /56Showcaseの総株主資本は¥1.7B 、総負債は¥588.0Mで、負債比率は34.9%となります。総資産と総負債はそれぞれ¥2.4Bと¥695.0Mです。主要情報34.92%負債資本比率JP¥588.00m負債インタレスト・カバレッジ・レシオn/a現金JP¥727.00mエクイティJP¥1.68b負債合計JP¥695.00m総資産JP¥2.38b財務の健全性に関する最新情報分析記事 • Feb 09Showcase (TSE:3909) Has A Pretty Healthy Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Nov 05Is Showcase (TSE:3909) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...分析記事 • Mar 25Is Showcase (TSE:3909) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...すべての更新を表示Recent updatesReported Earnings • May 20Full year 2026 earnings released: JP¥23.80 loss per share (vs JP¥48.75 profit in FY 2025)Full year 2026 results: JP¥23.80 loss per share (down from JP¥48.75 profit in FY 2025). Revenue: JP¥1.29b (down 80% from FY 2025). Net loss: JP¥204.0m (down 156% from profit in FY 2025). Over the last 3 years on average, earnings per share has increased by 68% 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 • May 15Showcase Inc., Annual General Meeting, Jun 29, 2026Showcase Inc., Annual General Meeting, Jun 29, 2026.Reported Earnings • Feb 18Full year 2025 earnings released: EPS: JP¥94.49 (vs JP¥105 loss in FY 2024)Full year 2025 results: EPS: JP¥94.49 (up from JP¥105 loss in FY 2024). Revenue: JP¥2.90b (down 53% from FY 2024). Net income: JP¥810.0m (up JP¥1.55b from FY 2024). Profit margin: 28% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.分析記事 • Feb 09Showcase (TSE:3909) Has A Pretty Healthy Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Reported Earnings • Nov 18Third quarter 2025 earnings released: JP¥20.76 loss per share (vs JP¥78.31 loss in 3Q 2024)Third quarter 2025 results: JP¥20.76 loss per share (improved from JP¥78.31 loss in 3Q 2024). Revenue: JP¥288.0m (down 80% from 3Q 2024). Net loss: JP¥178.0m (loss narrowed 67% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.お知らせ • Nov 08Showcase Inc. to Report Q3, 2025 Results on Nov 14, 2025Showcase Inc. announced that they will report Q3, 2025 results on Nov 14, 2025分析記事 • Sep 05Further Upside For Showcase Inc. (TSE:3909) Shares Could Introduce Price Risks After 28% BounceShowcase Inc. ( TSE:3909 ) shareholders have had their patience rewarded with a 28% share price jump in the last month...New Risk • Sep 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). High level of non-cash earnings (52% accrual ratio). Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (JP¥3.69b market cap, or US$24.9m).Valuation Update With 7 Day Price Move • Sep 04Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥368, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 8.7% over the past three years.New Risk • Aug 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 52% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (52% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (JP¥2.85b market cap, or US$19.4m).Reported Earnings • Aug 16Second quarter 2025 earnings released: JP¥8.05 loss per share (vs JP¥13.22 loss in 2Q 2024)Second quarter 2025 results: JP¥8.05 loss per share (improved from JP¥13.22 loss in 2Q 2024). Revenue: JP¥323.0m (down 81% from 2Q 2024). Net loss: JP¥69.0m (loss narrowed 25% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.お知らせ • Aug 07Showcase Inc. to Report Q2, 2025 Results on Aug 14, 2025Showcase Inc. announced that they will report Q2, 2025 results on Aug 14, 2025分析記事 • Jul 01Fewer Investors Than Expected Jumping On Showcase Inc. (TSE:3909)When you see that almost half of the companies in the IT industry in Japan have price-to-sales ratios (or "P/S") above...Valuation Update With 7 Day Price Move • Jul 01Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥373, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 15% over the past three years.New Risk • Jun 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% 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 Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (JP¥2.73b market cap, or US$18.7m).Reported Earnings • May 21First quarter 2025 earnings released: EPS: JP¥123 (vs JP¥7.62 loss in 1Q 2024)First quarter 2025 results: EPS: JP¥123 (up from JP¥7.62 loss in 1Q 2024). Revenue: JP¥1.97b (up 23% from 1Q 2024). Net income: JP¥1.05b (up JP¥1.11b from 1Q 2024). Profit margin: 54% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 10% per year.お知らせ • Mar 28Showcase Inc. to Report Q1, 2025 Results on May 15, 2025Showcase Inc. announced that they will report Q1, 2025 results on May 15, 2025Reported Earnings • Mar 27Full year 2024 earnings released: JP¥105 loss per share (vs JP¥14.49 loss in FY 2023)Full year 2024 results: JP¥105 loss per share (further deteriorated from JP¥14.49 loss in FY 2023). Revenue: JP¥6.21b (up 9.3% from FY 2023). Net loss: JP¥742.0m (loss widened JP¥625.0m from FY 2023). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.お知らせ • Mar 01Seacastle Singapore Pte Ltd. agreed to acquire 33.21% stake in ReYuu Japan Inc. (TSE:9425) from Showcase Inc. (TSE:3909) for ¥1.3 billion.Seacastle Singapore Pte Ltd. agreed to acquire 33.21% stake in ReYuu Japan Inc. (TSE:9425) from Showcase Inc. (TSE:3909) for ¥1.3 billion on February 28, 2025. A cash consideration of ¥1.27 billion valued at ¥700 per share will be paid by Seacastle Singapore Pte Ltd. As part of consideration, ¥1.27 billion is paid towards common equity of ReYuu Japan Inc. For the period ending October 31, 2024, ReYuu Japan Inc. reported total revenue of ¥4.73 billion, operating loss of ¥64.04 million and net loss of ¥86.16 million. As of October 31, 2024, ReYuu Japan Inc. reported total assets of ¥1.89 billion and total common equity of ¥866.46 million. The transaction is subject to approval of offer by target shareholders. The expected completion of the transaction is March 25, 2025.New Risk • Feb 18New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -JP¥901m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥901m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 54% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (JP¥2.85b market cap, or US$18.7m).Reported Earnings • Feb 17Full year 2024 earnings released: JP¥105 loss per share (vs JP¥14.49 loss in FY 2023)Full year 2024 results: JP¥105 loss per share (further deteriorated from JP¥14.49 loss in FY 2023). Revenue: JP¥6.21b (up 9.3% from FY 2023). Net loss: JP¥742.0m (loss widened JP¥625.0m from FY 2023). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.お知らせ • Feb 14Showcase Inc., Annual General Meeting, Mar 24, 2025Showcase Inc., Annual General Meeting, Mar 24, 2025.New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 46% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Minor Risk Market cap is less than US$100m (JP¥3.05b market cap, or US$19.5m).New Risk • Jan 12New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Shareholders have been diluted in the past year (46% increase in shares outstanding). Market cap is less than US$100m (JP¥3.09b market cap, or US$19.6m).お知らせ • Jan 03Showcase Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025Showcase Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025New Risk • Jan 03New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 46% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 45% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (46% increase in shares outstanding). Market cap is less than US$100m (JP¥3.06b market cap, or US$19.4m).お知らせ • Nov 16Showcase Inc. announced that it expects to receive ¥677.418 million in funding from Ai Fusion Capital Group Corp.Showcase Inc. announced a private placement to issue 1,612,900 common shares at issue price of ¥420 per share for gross proceeds of ¥677,418,000 on November 14, 2024. The transaction includes participation from new investor, AI Fusion Capital Group Co., Ltd. The transaction will happen through third party allocation. The issue date will be from December 13, 2024 to January 14, 2025. The transaction has been approved at board of director meeting of the company. The company will bear issuance expenses of ¥28,500,000 and will receive net proceeds of ¥648,918,000.分析記事 • Nov 14Even With A 35% Surge, Cautious Investors Are Not Rewarding Showcase Inc.'s (TSE:3909) Performance CompletelyShowcase Inc. ( TSE:3909 ) shares have continued their recent momentum with a 35% gain in the last month alone. The...分析記事 • Nov 05Is Showcase (TSE:3909) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...New Risk • Nov 04New 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 8.1% 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: Major Risk Earnings have declined by 35% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (JP¥2.17b market cap, or US$14.2m).Reported Earnings • Aug 19Second quarter 2024 earnings released: JP¥13.22 loss per share (vs JP¥0.23 profit in 2Q 2023)Second quarter 2024 results: JP¥13.22 loss per share (down from JP¥0.23 profit in 2Q 2023). Revenue: JP¥1.73b (down 7.5% from 2Q 2023). Net loss: JP¥92.0m (down JP¥94.0m from profit in 2Q 2023). 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 29% per year, which means it has not declined as severely as earnings.分析記事 • Aug 03Showcase Inc.'s (TSE:3909) Shares Not Telling The Full StoryWhen you see that almost half of the companies in the IT industry in Japan have price-to-sales ratios (or "P/S") above...お知らせ • Jun 28+ 1 more updateShowcase Inc. to Report Q3, 2024 Results on Nov 14, 2024Showcase Inc. announced that they will report Q3, 2024 results on Nov 14, 2024Reported Earnings • May 20First quarter 2024 earnings released: JP¥7.62 loss per share (vs JP¥5.72 loss in 1Q 2023)First quarter 2024 results: JP¥7.62 loss per share (further deteriorated from JP¥5.72 loss in 1Q 2023). Revenue: JP¥1.61b (up 5.6% from 1Q 2023). Net loss: JP¥53.0m (loss widened 8.2% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance.お知らせ • Mar 31Showcase Inc. to Report Q1, 2024 Results on May 15, 2024Showcase Inc. announced that they will report Q1, 2024 results on May 15, 2024Reported Earnings • Mar 28Full year 2023 earnings released: JP¥14.49 loss per share (vs JP¥61.39 loss in FY 2022)Full year 2023 results: JP¥14.49 loss per share (improved from JP¥61.39 loss in FY 2022). Revenue: JP¥5.68b (up 23% from FY 2022). Net loss: JP¥117.0m (loss narrowed 78% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.分析記事 • Mar 25Is Showcase (TSE:3909) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Reported Earnings • Feb 17Full year 2023 earnings released: JP¥14.49 loss per share (vs JP¥61.39 loss in FY 2022)Full year 2023 results: JP¥14.49 loss per share (improved from JP¥61.39 loss in FY 2022). Revenue: JP¥5.68b (up 23% from FY 2022). Net loss: JP¥117.0m (loss narrowed 78% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.お知らせ • Feb 16Showcase Inc., Annual General Meeting, Mar 22, 2024Showcase Inc., Annual General Meeting, Mar 22, 2024.お知らせ • Dec 29Showcase Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024Showcase Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024Reported Earnings • Nov 20Third quarter 2023 earnings released: JP¥6.80 loss per share (vs JP¥23.34 loss in 3Q 2022)Third quarter 2023 results: JP¥6.80 loss per share (improved from JP¥23.34 loss in 3Q 2022). Revenue: JP¥1.07b (up 1.0% from 3Q 2022). Net loss: JP¥55.0m (loss narrowed 73% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.お知らせ • Sep 29Showcase Inc. to Report Q3, 2023 Results on Nov 14, 2023Showcase Inc. announced that they will report Q3, 2023 results on Nov 14, 2023New Risk • Aug 20New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -JP¥1.1b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥1.1b free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 34% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥3.05b market cap, or US$21.0m).Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: JP¥0.23 (vs JP¥14.59 loss in 2Q 2022)Second quarter 2023 results: EPS: JP¥0.23 (up from JP¥14.59 loss in 2Q 2022). Revenue: JP¥1.87b (up 6.4% from 2Q 2022). Net income: JP¥2.00m (up JP¥127.0m from 2Q 2022). Profit margin: 0.1% (up from net loss in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.Board Change • Aug 05Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Outside Independent Director Hiroyuki Nakahara was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Jul 07Showcase Inc. to Report Q2, 2023 Results on Aug 14, 2023Showcase Inc. announced that they will report Q2, 2023 results on Aug 14, 2023Reported Earnings • Mar 29Full year 2022 earnings released: JP¥61.39 loss per share (vs JP¥6.89 profit in FY 2021)Full year 2022 results: JP¥61.39 loss per share (down from JP¥6.89 profit in FY 2021). Revenue: JP¥4.63b (up 191% from FY 2021). Net loss: JP¥526.0m (down JP¥585.0m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.Board Change • Mar 28High number of new directorsOutside Independent Director Hiroyuki Nakahara was the last director to join the board, commencing their role in 2023.Reported Earnings • Feb 16Full year 2022 earnings released: JP¥61.39 loss per share (vs JP¥6.89 profit in FY 2021)Full year 2022 results: JP¥61.39 loss per share (down from JP¥6.89 profit in FY 2021). Revenue: JP¥4.63b (up 191% from FY 2021). Net loss: JP¥526.0m (down JP¥585.0m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.お知らせ • Jan 06Showcase Inc. to Report Fiscal Year 2022 Results on Feb 14, 2023Showcase Inc. announced that they will report fiscal year 2022 results on Feb 14, 2023Reported Earnings • Nov 16Third quarter 2022 earnings released: JP¥23.34 loss per share (vs JP¥0.12 loss in 3Q 2021)Third quarter 2022 results: JP¥23.34 loss per share (further deteriorated from JP¥0.12 loss in 3Q 2021). Revenue: JP¥1.06b (up 175% from 3Q 2021). Net loss: JP¥200.0m (loss widened JP¥199.0m from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.お知らせ • Oct 08Showcase Inc. to Report Q3, 2022 Results on Nov 14, 2022Showcase Inc. announced that they will report Q3, 2022 results on Nov 14, 2022Reported Earnings • Aug 14Second quarter 2022 earnings released: JP¥14.59 loss per share (vs JP¥4.67 loss in 2Q 2021)Second quarter 2022 results: JP¥14.59 loss per share (down from JP¥4.67 loss in 2Q 2021). Revenue: JP¥1.76b (up 410% from 2Q 2021). Net loss: JP¥125.0m (loss widened 213% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.お知らせ • Aug 05Showcase Inc. to Report Q2, 2022 Results on Aug 12, 2022Showcase Inc. announced that they will report Q2, 2022 results on Aug 12, 2022お知らせ • May 08Showcase Inc. to Report Q1, 2022 Results on May 13, 2022Showcase Inc. announced that they will report Q1, 2022 results on May 13, 2022お知らせ • Feb 17Showcase Inc., Annual General Meeting, Mar 23, 2022Showcase Inc., Annual General Meeting, Mar 23, 2022.Reported Earnings • Feb 16Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: JP¥6.89 (up from JP¥3.61 in FY 2020). Revenue: JP¥1.59b (up 4.2% from FY 2020). Net income: JP¥59.0m (up 136% from FY 2020). Profit margin: 3.7% (up from 1.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Upcoming Dividend • Dec 22Upcoming dividend of JP¥6.50 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 March 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (1.3%).Reported Earnings • Nov 15Third quarter 2021 earnings released: JP¥0.12 loss per share (vs JP¥7.82 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: JP¥384.0m (up 7.0% from 3Q 2020). Net loss: JP¥1.00m (loss narrowed 98% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.Reported Earnings • May 17First quarter 2021 earnings released: EPS JP¥0.47 (vs JP¥5.01 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: JP¥385.0m (up 11% from 1Q 2020). Net income: JP¥4.00m (down 88% from 1Q 2020). Profit margin: 1.0% (down from 9.8% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 30Full year 2020 earnings released: EPS JP¥3.61 (vs JP¥27.00 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥1.53b (up 1.5% from FY 2019). Net income: JP¥25.0m (up JP¥208.0m from FY 2019). Profit margin: 1.6% (up from net loss in FY 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Mar 04New 90-day low: JP¥874The company is down 23% from its price of JP¥1,132 on 04 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 IT industry, which is flat over the same period.Reported Earnings • Feb 14Full year 2020 earnings released: EPS JP¥3.61 (vs JP¥27.00 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥1.53b (up 1.5% from FY 2019). Net income: JP¥25.0m (up JP¥208.0m from FY 2019). Profit margin: 1.6% (up from net loss in FY 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% 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 • Dec 30Showcase Inc. to Report Fiscal Year 2020 Results on Feb 12, 2021Showcase Inc. announced that they will report fiscal year 2020 results on Feb 12, 2021Upcoming Dividend • Dec 22Upcoming Dividend of JP¥6.00 Per ShareWill be paid on the 26th of March to those who are registered shareholders by the 29th of December. The trailing yield of 0.7% is below the top quartile of Japanese dividend payers (3.0%), and is lower than industry peers (1.3%).Is New 90 Day High Low • Dec 03New 90-day high: JP¥1,350The company is up 84% from its price of JP¥735 on 04 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 IT industry, which is up 7.0% over the same period.お知らせ • Dec 02Showcase Inc. announced that it expects to receive ¥1.2309145 billion in funding from AI inside Inc.Showcase Inc. (TSE:3909) announced a private placement of 1,771,000 common shares at a price of ¥695 per share for gross proceeds of ¥1,230,845,000 on November 30, 2020. The transaction will include participation from AI inside Inc. (TSE:4488). The company will receive funds through third-party allotment of capital. The company will receive net proceeds of ¥1,230,914,500 after deducting expenses of ¥15,646,000. The transaction is expected to close on December 16, 2020.お知らせ • Jun 28Showcase Inc. to Report Q2, 2020 Results on Aug 14, 2020Showcase Inc. announced that they will report Q2, 2020 results on Aug 14, 2020財務状況分析短期負債: 3909の 短期資産 ( ¥2.0B ) が 短期負債 ( ¥642.0M ) を超えています。長期負債: 3909の短期資産 ( ¥2.0B ) が 長期負債 ( ¥53.0M ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 3909総負債よりも多くの現金を保有しています。負債の削減: 3909の負債対資本比率は、過去 5 年間で24.4%から34.9%に増加しました。貸借対照表キャッシュ・ランウェイ分析過去に平均して赤字であった企業については、少なくとも1年間のキャッシュ・ランウェイがあるかどうかを評価する。安定したキャッシュランウェイ: 3909は、現在の フリーキャッシュフロー に基づき、3 年以上にわたって十分な キャッシュランウェイ を有しています。キャッシュランウェイの予測: 3909フリーキャッシュフローが毎年26.7 % の歴史的率で減少し続ける場合、3 年以上にわたって十分なキャッシュランウェイを持っています。健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend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 19:18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Showcase 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Yoshitaka NagaoNomura Securities Co. Ltd.
分析記事 • Feb 09Showcase (TSE:3909) Has A Pretty Healthy Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Nov 05Is Showcase (TSE:3909) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
分析記事 • Mar 25Is Showcase (TSE:3909) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • May 20Full year 2026 earnings released: JP¥23.80 loss per share (vs JP¥48.75 profit in FY 2025)Full year 2026 results: JP¥23.80 loss per share (down from JP¥48.75 profit in FY 2025). Revenue: JP¥1.29b (down 80% from FY 2025). Net loss: JP¥204.0m (down 156% from profit in FY 2025). Over the last 3 years on average, earnings per share has increased by 68% 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 • May 15Showcase Inc., Annual General Meeting, Jun 29, 2026Showcase Inc., Annual General Meeting, Jun 29, 2026.
Reported Earnings • Feb 18Full year 2025 earnings released: EPS: JP¥94.49 (vs JP¥105 loss in FY 2024)Full year 2025 results: EPS: JP¥94.49 (up from JP¥105 loss in FY 2024). Revenue: JP¥2.90b (down 53% from FY 2024). Net income: JP¥810.0m (up JP¥1.55b from FY 2024). Profit margin: 28% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
分析記事 • Feb 09Showcase (TSE:3909) Has A Pretty Healthy Balance SheetSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Reported Earnings • Nov 18Third quarter 2025 earnings released: JP¥20.76 loss per share (vs JP¥78.31 loss in 3Q 2024)Third quarter 2025 results: JP¥20.76 loss per share (improved from JP¥78.31 loss in 3Q 2024). Revenue: JP¥288.0m (down 80% from 3Q 2024). Net loss: JP¥178.0m (loss narrowed 67% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
お知らせ • Nov 08Showcase Inc. to Report Q3, 2025 Results on Nov 14, 2025Showcase Inc. announced that they will report Q3, 2025 results on Nov 14, 2025
分析記事 • Sep 05Further Upside For Showcase Inc. (TSE:3909) Shares Could Introduce Price Risks After 28% BounceShowcase Inc. ( TSE:3909 ) shareholders have had their patience rewarded with a 28% share price jump in the last month...
New Risk • Sep 05New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). High level of non-cash earnings (52% accrual ratio). Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (JP¥3.69b market cap, or US$24.9m).
Valuation Update With 7 Day Price Move • Sep 04Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥368, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 8.7% over the past three years.
New Risk • Aug 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 52% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (52% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (JP¥2.85b market cap, or US$19.4m).
Reported Earnings • Aug 16Second quarter 2025 earnings released: JP¥8.05 loss per share (vs JP¥13.22 loss in 2Q 2024)Second quarter 2025 results: JP¥8.05 loss per share (improved from JP¥13.22 loss in 2Q 2024). Revenue: JP¥323.0m (down 81% from 2Q 2024). Net loss: JP¥69.0m (loss narrowed 25% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
お知らせ • Aug 07Showcase Inc. to Report Q2, 2025 Results on Aug 14, 2025Showcase Inc. announced that they will report Q2, 2025 results on Aug 14, 2025
分析記事 • Jul 01Fewer Investors Than Expected Jumping On Showcase Inc. (TSE:3909)When you see that almost half of the companies in the IT industry in Japan have price-to-sales ratios (or "P/S") above...
Valuation Update With 7 Day Price Move • Jul 01Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥373, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 15% over the past three years.
New Risk • Jun 24New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% 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 Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (JP¥2.73b market cap, or US$18.7m).
Reported Earnings • May 21First quarter 2025 earnings released: EPS: JP¥123 (vs JP¥7.62 loss in 1Q 2024)First quarter 2025 results: EPS: JP¥123 (up from JP¥7.62 loss in 1Q 2024). Revenue: JP¥1.97b (up 23% from 1Q 2024). Net income: JP¥1.05b (up JP¥1.11b from 1Q 2024). Profit margin: 54% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 10% per year.
お知らせ • Mar 28Showcase Inc. to Report Q1, 2025 Results on May 15, 2025Showcase Inc. announced that they will report Q1, 2025 results on May 15, 2025
Reported Earnings • Mar 27Full year 2024 earnings released: JP¥105 loss per share (vs JP¥14.49 loss in FY 2023)Full year 2024 results: JP¥105 loss per share (further deteriorated from JP¥14.49 loss in FY 2023). Revenue: JP¥6.21b (up 9.3% from FY 2023). Net loss: JP¥742.0m (loss widened JP¥625.0m from FY 2023). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings.
お知らせ • Mar 01Seacastle Singapore Pte Ltd. agreed to acquire 33.21% stake in ReYuu Japan Inc. (TSE:9425) from Showcase Inc. (TSE:3909) for ¥1.3 billion.Seacastle Singapore Pte Ltd. agreed to acquire 33.21% stake in ReYuu Japan Inc. (TSE:9425) from Showcase Inc. (TSE:3909) for ¥1.3 billion on February 28, 2025. A cash consideration of ¥1.27 billion valued at ¥700 per share will be paid by Seacastle Singapore Pte Ltd. As part of consideration, ¥1.27 billion is paid towards common equity of ReYuu Japan Inc. For the period ending October 31, 2024, ReYuu Japan Inc. reported total revenue of ¥4.73 billion, operating loss of ¥64.04 million and net loss of ¥86.16 million. As of October 31, 2024, ReYuu Japan Inc. reported total assets of ¥1.89 billion and total common equity of ¥866.46 million. The transaction is subject to approval of offer by target shareholders. The expected completion of the transaction is March 25, 2025.
New Risk • Feb 18New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -JP¥901m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥901m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 54% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (JP¥2.85b market cap, or US$18.7m).
Reported Earnings • Feb 17Full year 2024 earnings released: JP¥105 loss per share (vs JP¥14.49 loss in FY 2023)Full year 2024 results: JP¥105 loss per share (further deteriorated from JP¥14.49 loss in FY 2023). Revenue: JP¥6.21b (up 9.3% from FY 2023). Net loss: JP¥742.0m (loss widened JP¥625.0m from FY 2023). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 14Showcase Inc., Annual General Meeting, Mar 24, 2025Showcase Inc., Annual General Meeting, Mar 24, 2025.
New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 46% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Minor Risk Market cap is less than US$100m (JP¥3.05b market cap, or US$19.5m).
New Risk • Jan 12New major risk - Financial data availabilityThe company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Shareholders have been diluted in the past year (46% increase in shares outstanding). Market cap is less than US$100m (JP¥3.09b market cap, or US$19.6m).
お知らせ • Jan 03Showcase Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025Showcase Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025
New Risk • Jan 03New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 46% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 45% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (46% increase in shares outstanding). Market cap is less than US$100m (JP¥3.06b market cap, or US$19.4m).
お知らせ • Nov 16Showcase Inc. announced that it expects to receive ¥677.418 million in funding from Ai Fusion Capital Group Corp.Showcase Inc. announced a private placement to issue 1,612,900 common shares at issue price of ¥420 per share for gross proceeds of ¥677,418,000 on November 14, 2024. The transaction includes participation from new investor, AI Fusion Capital Group Co., Ltd. The transaction will happen through third party allocation. The issue date will be from December 13, 2024 to January 14, 2025. The transaction has been approved at board of director meeting of the company. The company will bear issuance expenses of ¥28,500,000 and will receive net proceeds of ¥648,918,000.
分析記事 • Nov 14Even With A 35% Surge, Cautious Investors Are Not Rewarding Showcase Inc.'s (TSE:3909) Performance CompletelyShowcase Inc. ( TSE:3909 ) shares have continued their recent momentum with a 35% gain in the last month alone. The...
分析記事 • Nov 05Is Showcase (TSE:3909) A Risky Investment?The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Risk • Nov 04New 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 8.1% 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: Major Risk Earnings have declined by 35% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (JP¥2.17b market cap, or US$14.2m).
Reported Earnings • Aug 19Second quarter 2024 earnings released: JP¥13.22 loss per share (vs JP¥0.23 profit in 2Q 2023)Second quarter 2024 results: JP¥13.22 loss per share (down from JP¥0.23 profit in 2Q 2023). Revenue: JP¥1.73b (down 7.5% from 2Q 2023). Net loss: JP¥92.0m (down JP¥94.0m from profit in 2Q 2023). 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 29% per year, which means it has not declined as severely as earnings.
分析記事 • Aug 03Showcase Inc.'s (TSE:3909) Shares Not Telling The Full StoryWhen you see that almost half of the companies in the IT industry in Japan have price-to-sales ratios (or "P/S") above...
お知らせ • Jun 28+ 1 more updateShowcase Inc. to Report Q3, 2024 Results on Nov 14, 2024Showcase Inc. announced that they will report Q3, 2024 results on Nov 14, 2024
Reported Earnings • May 20First quarter 2024 earnings released: JP¥7.62 loss per share (vs JP¥5.72 loss in 1Q 2023)First quarter 2024 results: JP¥7.62 loss per share (further deteriorated from JP¥5.72 loss in 1Q 2023). Revenue: JP¥1.61b (up 5.6% from 1Q 2023). Net loss: JP¥53.0m (loss widened 8.2% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 31Showcase Inc. to Report Q1, 2024 Results on May 15, 2024Showcase Inc. announced that they will report Q1, 2024 results on May 15, 2024
Reported Earnings • Mar 28Full year 2023 earnings released: JP¥14.49 loss per share (vs JP¥61.39 loss in FY 2022)Full year 2023 results: JP¥14.49 loss per share (improved from JP¥61.39 loss in FY 2022). Revenue: JP¥5.68b (up 23% from FY 2022). Net loss: JP¥117.0m (loss narrowed 78% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance.
分析記事 • Mar 25Is Showcase (TSE:3909) Using Too Much Debt?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Reported Earnings • Feb 17Full year 2023 earnings released: JP¥14.49 loss per share (vs JP¥61.39 loss in FY 2022)Full year 2023 results: JP¥14.49 loss per share (improved from JP¥61.39 loss in FY 2022). Revenue: JP¥5.68b (up 23% from FY 2022). Net loss: JP¥117.0m (loss narrowed 78% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 16Showcase Inc., Annual General Meeting, Mar 22, 2024Showcase Inc., Annual General Meeting, Mar 22, 2024.
お知らせ • Dec 29Showcase Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024Showcase Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024
Reported Earnings • Nov 20Third quarter 2023 earnings released: JP¥6.80 loss per share (vs JP¥23.34 loss in 3Q 2022)Third quarter 2023 results: JP¥6.80 loss per share (improved from JP¥23.34 loss in 3Q 2022). Revenue: JP¥1.07b (up 1.0% from 3Q 2022). Net loss: JP¥55.0m (loss narrowed 73% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance.
お知らせ • Sep 29Showcase Inc. to Report Q3, 2023 Results on Nov 14, 2023Showcase Inc. announced that they will report Q3, 2023 results on Nov 14, 2023
New Risk • Aug 20New major risk - Financial positionThe company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -JP¥1.1b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥1.1b free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 34% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥3.05b market cap, or US$21.0m).
Reported Earnings • Aug 16Second quarter 2023 earnings released: EPS: JP¥0.23 (vs JP¥14.59 loss in 2Q 2022)Second quarter 2023 results: EPS: JP¥0.23 (up from JP¥14.59 loss in 2Q 2022). Revenue: JP¥1.87b (up 6.4% from 2Q 2022). Net income: JP¥2.00m (up JP¥127.0m from 2Q 2022). Profit margin: 0.1% (up from net loss in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance.
Board Change • Aug 05Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Outside Independent Director Hiroyuki Nakahara was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Jul 07Showcase Inc. to Report Q2, 2023 Results on Aug 14, 2023Showcase Inc. announced that they will report Q2, 2023 results on Aug 14, 2023
Reported Earnings • Mar 29Full year 2022 earnings released: JP¥61.39 loss per share (vs JP¥6.89 profit in FY 2021)Full year 2022 results: JP¥61.39 loss per share (down from JP¥6.89 profit in FY 2021). Revenue: JP¥4.63b (up 191% from FY 2021). Net loss: JP¥526.0m (down JP¥585.0m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance.
Board Change • Mar 28High number of new directorsOutside Independent Director Hiroyuki Nakahara was the last director to join the board, commencing their role in 2023.
Reported Earnings • Feb 16Full year 2022 earnings released: JP¥61.39 loss per share (vs JP¥6.89 profit in FY 2021)Full year 2022 results: JP¥61.39 loss per share (down from JP¥6.89 profit in FY 2021). Revenue: JP¥4.63b (up 191% from FY 2021). Net loss: JP¥526.0m (down JP¥585.0m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.
お知らせ • Jan 06Showcase Inc. to Report Fiscal Year 2022 Results on Feb 14, 2023Showcase Inc. announced that they will report fiscal year 2022 results on Feb 14, 2023
Reported Earnings • Nov 16Third quarter 2022 earnings released: JP¥23.34 loss per share (vs JP¥0.12 loss in 3Q 2021)Third quarter 2022 results: JP¥23.34 loss per share (further deteriorated from JP¥0.12 loss in 3Q 2021). Revenue: JP¥1.06b (up 175% from 3Q 2021). Net loss: JP¥200.0m (loss widened JP¥199.0m from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
お知らせ • Oct 08Showcase Inc. to Report Q3, 2022 Results on Nov 14, 2022Showcase Inc. announced that they will report Q3, 2022 results on Nov 14, 2022
Reported Earnings • Aug 14Second quarter 2022 earnings released: JP¥14.59 loss per share (vs JP¥4.67 loss in 2Q 2021)Second quarter 2022 results: JP¥14.59 loss per share (down from JP¥4.67 loss in 2Q 2021). Revenue: JP¥1.76b (up 410% from 2Q 2021). Net loss: JP¥125.0m (loss widened 213% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings.
お知らせ • Aug 05Showcase Inc. to Report Q2, 2022 Results on Aug 12, 2022Showcase Inc. announced that they will report Q2, 2022 results on Aug 12, 2022
お知らせ • May 08Showcase Inc. to Report Q1, 2022 Results on May 13, 2022Showcase Inc. announced that they will report Q1, 2022 results on May 13, 2022
お知らせ • Feb 17Showcase Inc., Annual General Meeting, Mar 23, 2022Showcase Inc., Annual General Meeting, Mar 23, 2022.
Reported Earnings • Feb 16Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: JP¥6.89 (up from JP¥3.61 in FY 2020). Revenue: JP¥1.59b (up 4.2% from FY 2020). Net income: JP¥59.0m (up 136% from FY 2020). Profit margin: 3.7% (up from 1.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥6.50 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 March 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (1.3%).
Reported Earnings • Nov 15Third quarter 2021 earnings released: JP¥0.12 loss per share (vs JP¥7.82 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: JP¥384.0m (up 7.0% from 3Q 2020). Net loss: JP¥1.00m (loss narrowed 98% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings.
Reported Earnings • May 17First quarter 2021 earnings released: EPS JP¥0.47 (vs JP¥5.01 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: JP¥385.0m (up 11% from 1Q 2020). Net income: JP¥4.00m (down 88% from 1Q 2020). Profit margin: 1.0% (down from 9.8% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 30Full year 2020 earnings released: EPS JP¥3.61 (vs JP¥27.00 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥1.53b (up 1.5% from FY 2019). Net income: JP¥25.0m (up JP¥208.0m from FY 2019). Profit margin: 1.6% (up from net loss in FY 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Mar 04New 90-day low: JP¥874The company is down 23% from its price of JP¥1,132 on 04 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 IT industry, which is flat over the same period.
Reported Earnings • Feb 14Full year 2020 earnings released: EPS JP¥3.61 (vs JP¥27.00 loss in FY 2019)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥1.53b (up 1.5% from FY 2019). Net income: JP¥25.0m (up JP¥208.0m from FY 2019). Profit margin: 1.6% (up from net loss in FY 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% 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 • Dec 30Showcase Inc. to Report Fiscal Year 2020 Results on Feb 12, 2021Showcase Inc. announced that they will report fiscal year 2020 results on Feb 12, 2021
Upcoming Dividend • Dec 22Upcoming Dividend of JP¥6.00 Per ShareWill be paid on the 26th of March to those who are registered shareholders by the 29th of December. The trailing yield of 0.7% is below the top quartile of Japanese dividend payers (3.0%), and is lower than industry peers (1.3%).
Is New 90 Day High Low • Dec 03New 90-day high: JP¥1,350The company is up 84% from its price of JP¥735 on 04 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 IT industry, which is up 7.0% over the same period.
お知らせ • Dec 02Showcase Inc. announced that it expects to receive ¥1.2309145 billion in funding from AI inside Inc.Showcase Inc. (TSE:3909) announced a private placement of 1,771,000 common shares at a price of ¥695 per share for gross proceeds of ¥1,230,845,000 on November 30, 2020. The transaction will include participation from AI inside Inc. (TSE:4488). The company will receive funds through third-party allotment of capital. The company will receive net proceeds of ¥1,230,914,500 after deducting expenses of ¥15,646,000. The transaction is expected to close on December 16, 2020.
お知らせ • Jun 28Showcase Inc. to Report Q2, 2020 Results on Aug 14, 2020Showcase Inc. announced that they will report Q2, 2020 results on Aug 14, 2020