View ValuationCHANGE HoldingsInc 将来の成長Future 基準チェック /06現在、 CHANGE HoldingsIncの成長と収益を予測するのに十分なアナリストの調査がありません。主要情報n/a収益成長率n/aEPS成長率IT 収益成長11.3%収益成長率n/a将来の株主資本利益率n/aアナリストカバレッジNone最終更新日n/a今後の成長に関する最新情報Price Target Changed • Nov 16Price target increased to JP¥2,800Up from JP¥2,600, the current price target is provided by 1 analyst. New target price is 30% above last closing price of JP¥2,155. Stock is down 10% over the past year. The company posted earnings per share of JP¥58.78 last year.お知らせ • Nov 12Change Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Change Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the period, the company expects net sales to be JPY 21,000 million, Operating profit to be JPY 7,000 million, Profit attributable to owners of the parent to be JPY 4,669 million, net profit to be JPY 4,806 million and basic profit per share to be JPY 64.54.お知らせ • Aug 15+ 1 more updateChange Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Change Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the period, the company expects net sales to be JPY 21,000 million, Operating profit to be JPY 7,000 million, Profit attributable to owners of the parent to be JPY 4,806 million and basic profit per share to be JPY 64.54.Price Target Changed • Apr 27Price target decreased to JP¥2,850Down from JP¥3,200, the current price target is an average from 2 analysts. New target price is 54% above last closing price of JP¥1,851. Stock is down 47% over the past year. The company posted earnings per share of JP¥58.78 last year.Price Target Changed • Mar 22Price target decreased to JP¥2,850Down from JP¥3,200, the current price target is an average from 2 analysts. New target price is 54% above last closing price of JP¥1,849. Stock is down 45% over the past year. The company is forecast to post earnings per share of JP¥67.14 for next year compared to JP¥58.78 last year.お知らせ • Feb 11Change Inc. Provides Earning Guidance for the Fiscal Year Ending September 30, 2022Change Inc. provided earning guidance for the Fiscal Year Ending September 30, 2022. Revenue to be JPY 11,000 million, Operating profit to be JPY 5,000 million, Net profit to be JPY 3,441 million, Basic profit per share to be JPY 48.42.すべての更新を表示Recent updatesReported Earnings • May 18Full year 2026 earnings released: EPS: JP¥99.70 (vs JP¥107 in FY 2025)Full year 2026 results: EPS: JP¥99.70 (down from JP¥107 in FY 2025). Revenue: JP¥52.8b (up 14% from FY 2025). Net income: JP¥6.94b (down 7.9% from FY 2025). Profit margin: 13% (down from 16% in FY 2025). The decrease in margin was driven by higher expenses. 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 23% per year, which means it is significantly lagging earnings.お知らせ • May 15CHANGE Holdings,Inc. (TSE:3962) announces an Equity Buyback for 2,500,000 shares, representing 3.59% for ¥2,000 million.CHANGE Holdings,Inc. (TSE:3962) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 3.59% of its share capital, for ¥2,000 million. The company will repurchase its shares in order to increase shareholder returns and implement flexible investment strategies,such as M&A and alliances, and capital policies.The share repurchase program will run until November 30, 2026. As of March 31, 2026, the company had 69,578,947 shares outstanding (excluding treasury shares) and 4,273,415 shares in treasury.お知らせ • May 14CHANGE Holdings,Inc., Annual General Meeting, Jun 25, 2026CHANGE Holdings,Inc., Annual General Meeting, Jun 25, 2026.お知らせ • May 09CHANGE Holdings,Inc. to Report Fiscal Year 2026 Results on May 14, 2026CHANGE Holdings,Inc. announced that they will report fiscal year 2026 results at 9:00 AM, Tokyo Standard Time on May 14, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%).Reported Earnings • Feb 15Third quarter 2026 earnings released: EPS: JP¥76.47 (vs JP¥88.48 in 3Q 2025)Third quarter 2026 results: EPS: JP¥76.47 (down from JP¥88.48 in 3Q 2025). Revenue: JP¥19.3b (up 4.5% from 3Q 2025). Net income: JP¥5.32b (down 14% from 3Q 2025). Profit margin: 28% (down from 33% in 3Q 2025). The decrease in margin was driven by higher expenses. 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 27% per year, which means it is significantly lagging earnings.分析記事 • Dec 07A Look At The Intrinsic Value Of CHANGE Holdings,Inc. (TSE:3962)Key Insights Using the 2 Stage Free Cash Flow to Equity, CHANGE HoldingsInc fair value estimate is JP¥967 Current share...Reported Earnings • Nov 17Second quarter 2026 earnings released: EPS: JP¥15.69 (vs JP¥9.65 in 2Q 2025)Second quarter 2026 results: EPS: JP¥15.69 (up from JP¥9.65 in 2Q 2025). Revenue: JP¥12.4b (up 48% from 2Q 2025). Net income: JP¥1.09b (up 63% from 2Q 2025). Profit margin: 8.8% (up from 8.0% in 2Q 2025). The increase in margin was driven by higher revenue.分析記事 • Nov 15CHANGE HoldingsInc's (TSE:3962) Dividend Will Be Increased To ¥23.00CHANGE Holdings,Inc. ( TSE:3962 ) will increase its dividend from last year's comparable payment on the 29th of June to...Declared Dividend • Nov 15Dividend of JP¥23.00 announcedShareholders will receive a dividend of JP¥23.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 50% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 32% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Oct 04CHANGE Holdings,Inc. to Report Q2, 2026 Results on Nov 13, 2025CHANGE Holdings,Inc. announced that they will report Q2, 2026 results on Nov 13, 2025Reported Earnings • Aug 15First quarter 2026 earnings released: EPS: JP¥6.74 (vs JP¥20.03 in 1Q 2025)First quarter 2026 results: EPS: JP¥6.74 (down from JP¥20.03 in 1Q 2025). Revenue: JP¥9.91b (up 22% from 1Q 2025). Net income: JP¥469.0m (down 67% from 1Q 2025). Profit margin: 4.7% (down from 18% in 1Q 2025). The decrease in margin was driven by higher expenses.Buy Or Sell Opportunity • Aug 15Now 24% overvaluedThe stock has been flat over the last 90 days, currently trading at JP¥1,243. The fair value is estimated to be JP¥1,005, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last year. Earnings per share has grown by 80%.Board Change • Jul 13Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Executive VP & Director Akira Itoh is the most experienced director on the board, commencing their role in 2003. Independent Outside Director Takeshi Matsumoto 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 experienced directors.お知らせ • Jul 08CHANGE Holdings,Inc. to Report Q1, 2026 Results on Aug 14, 2025CHANGE Holdings,Inc. announced that they will report Q1, 2026 results on Aug 14, 2025Valuation Update With 7 Day Price Move • May 22Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥1,193, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 26% over the past three years.Reported Earnings • May 20Full year 2025 earnings released: EPS: JP¥107 (vs JP¥59.78 in FY 2024)Full year 2025 results: EPS: JP¥107 (up from JP¥59.78 in FY 2024). Revenue: JP¥46.4b (up 25% from FY 2024). Net income: JP¥7.53b (up 74% from FY 2024). Profit margin: 16% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. 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 12% per year, which means it is significantly lagging earnings.お知らせ • May 15CHANGE Holdings,Inc., Annual General Meeting, Jun 26, 2025CHANGE Holdings,Inc., Annual General Meeting, Jun 26, 2025.分析記事 • May 07CHANGE Holdings,Inc. (TSE:3962) Stock Rockets 33% As Investors Are Less Pessimistic Than ExpectedCHANGE Holdings,Inc. ( TSE:3962 ) shareholders are no doubt pleased to see that the share price has bounced 33% in the...Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to JP¥1,002, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 15x in the IT industry in Japan. Total loss to shareholders of 46% over the past three years.お知らせ • Mar 27CHANGE Holdings,Inc. to Report Fiscal Year 2025 Results on May 15, 2025CHANGE Holdings,Inc. announced that they will report fiscal year 2025 results on May 15, 2025Upcoming Dividend • Mar 21Upcoming dividend of JP¥14.50 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.4%).Reported Earnings • Feb 15Third quarter 2025 earnings released: EPS: JP¥88.48 (vs JP¥53.22 in 3Q 2024)Third quarter 2025 results: EPS: JP¥88.48 (up from JP¥53.22 in 3Q 2024). Revenue: JP¥18.4b (up 30% from 3Q 2024). Net income: JP¥6.16b (up 60% from 3Q 2024). Profit margin: 33% (up from 27% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.分析記事 • Feb 05There's Reason For Concern Over CHANGE Holdings,Inc.'s (TSE:3962) Massive 25% Price JumpCHANGE Holdings,Inc. ( TSE:3962 ) shares have had a really impressive month, gaining 25% after a shaky period...Valuation Update With 7 Day Price Move • Jan 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥1,403, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 8.0% over the past three years.分析記事 • Jan 08Is CHANGE HoldingsInc (TSE:3962) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...お知らせ • Jan 03CHANGE Holdings,Inc. to Report Q3, 2025 Results on Feb 13, 2025CHANGE Holdings,Inc. announced that they will report Q3, 2025 results on Feb 13, 2025Valuation Update With 7 Day Price Move • Dec 25Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥1,200, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 37% over the past three years.お知らせ • Dec 19CHANGE Holdings,Inc. (TSE:3962) agreed to acquire FUNDBOOK, Inc. for ¥15.5 billion.CHANGE Holdings,Inc. (TSE:3962) agreed to acquire FUNDBOOK, Inc. for ¥15.5 billion on December 17, 2024. The transaction will be financed through senior debt of ¥15.5 billion. For the period ending March 31, 2024, FUNDBOOK, Inc. reported total revenue of ¥5.76 billion, EBIT of ¥1.46 billion and net income of ¥635 million. As of March 31, 2024, FUNDBOOK, Inc. reported total assets of ¥4.57 billion and total common equity of ¥2.4 billion. The expected completion of the transaction is December 23, 2024.分析記事 • Dec 12CHANGE Holdings,Inc.'s (TSE:3962) Shares May Have Run Too Fast Too SoonWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 13x, you may consider CHANGE...分析記事 • Nov 21There May Be Some Bright Spots In CHANGE HoldingsInc's (TSE:3962) EarningsThe market for CHANGE Holdings,Inc.'s ( TSE:3962 ) shares didn't move much after it posted weak earnings recently. We...Declared Dividend • Nov 15Dividend of JP¥14.50 announcedShareholders will receive a dividend of JP¥14.50. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 1.1%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 48% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 49% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.お知らせ • Oct 04CHANGE Holdings,Inc. to Report Q2, 2025 Results on Nov 13, 2024CHANGE Holdings,Inc. announced that they will report Q2, 2025 results on Nov 13, 2024Valuation Update With 7 Day Price Move • Oct 01Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥1,450, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 28% over the past three years.分析記事 • Sep 05These 4 Measures Indicate That CHANGE HoldingsInc (TSE:3962) Is Using Debt SafelyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥1,294, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 41% over the past three years.Reported Earnings • Aug 17First quarter 2025 earnings released: EPS: JP¥20.03 (vs JP¥11.82 in 1Q 2024)First quarter 2025 results: EPS: JP¥20.03 (up from JP¥11.82 in 1Q 2024). Revenue: JP¥8.14b (up 59% from 1Q 2024). Net income: JP¥1.43b (up 68% from 1Q 2024). Profit margin: 18% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.お知らせ • Aug 15CHANGE Holdings,Inc. (TSE:3962) acquired remaining majority stake Toko Computer Service K.K. from SBI Regional Business Succession Investment Co., Ltd. and others.CHANGE Holdings,Inc. (TSE:3962) acquired remaining majority stake Toko Computer Service K.K. from SBI Regional Business Succession Investment Co., Ltd. and others on August 14, 2024. On January 31, 2024, SBI Regional Business Succession Investment invested in Toko Holding and in March of the same year, we acquired 14.5% of the issued shares. CHANGE Holdings,Inc. (TSE:3962) completed the acquisition of remaining majority stake Toko Computer Service K.K. from SBI Regional Business Succession Investment Co., Ltd. and others on August 14, 2024.分析記事 • Aug 06More Unpleasant Surprises Could Be In Store For CHANGE Holdings,Inc.'s (TSE:3962) Shares After Tumbling 33%The CHANGE Holdings,Inc. ( TSE:3962 ) share price has fared very poorly over the last month, falling by a substantial...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 28%After last week's 28% share price decline to JP¥828, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 66% over the past three years.お知らせ • Jun 29CHANGE Holdings,Inc. to Report Q1, 2025 Results on Aug 14, 2024CHANGE Holdings,Inc. announced that they will report Q1, 2025 results on Aug 14, 2024分析記事 • Jun 17CHANGE HoldingsInc (TSE:3962) Could Be Struggling To Allocate CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...分析記事 • May 22CHANGE HoldingsInc's (TSE:3962) Earnings Offer More Than Meets The EyeCHANGE Holdings,Inc.'s ( TSE:3962 ) recent earnings report didn't offer any surprises, with the shares unchanged over...Reported Earnings • May 19Full year 2024 earnings released: EPS: JP¥59.78 (vs JP¥53.31 in FY 2023)Full year 2024 results: EPS: JP¥59.78 (up from JP¥53.31 in FY 2023). Revenue: JP¥37.0b (up 85% from FY 2023). Net income: JP¥4.33b (up 12% from FY 2023). Profit margin: 12% (down from 19% in FY 2023). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.お知らせ • May 17CHANGE Holdings,Inc., Annual General Meeting, Jun 26, 2024CHANGE Holdings,Inc., Annual General Meeting, Jun 26, 2024.お知らせ • May 16+ 3 more updatesCHANGE Holdings,Inc. (TSE:3962) announces an Equity Buyback for 3,650,000 shares, representing 5.04% for ¥4,745 million.CHANGE Holdings,Inc. (TSE:3962) announces a share repurchase program. Under the program, the company will repurchase up to 3,650,000 shares, representing 5.04% of its share capital, for ¥4,745 million. The company will repurchase its shares in order to enhance shareholder returns. The share repurchase program will run until December 31, 2024. As of March 31, 2024, the company had 72,355,427 shares outstanding (excluding treasury shares) and 623,335 shares in treasury.お知らせ • Mar 28CHANGE Holdings,Inc. to Report Fiscal Year 2024 Results on May 15, 2024CHANGE Holdings,Inc. announced that they will report fiscal year 2024 results on May 15, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥12.50 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 7.0% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.4%).分析記事 • Mar 18Take Care Before Jumping Onto CHANGE Holdings,Inc. (TSE:3962) Even Though It's 26% CheaperCHANGE Holdings,Inc. ( TSE:3962 ) shares have had a horrible month, losing 26% after a relatively good period...分析記事 • Mar 11CHANGE HoldingsInc (TSE:3962) Will Pay A Larger Dividend Than Last Year At ¥12.50The board of CHANGE Holdings,Inc. ( TSE:3962 ) has announced that it will be paying its dividend of ¥12.50 on the 28th...Valuation Update With 7 Day Price Move • Mar 11Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to JP¥1,152, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 20x in the IT industry in Japan. Total loss to shareholders of 62% over the past three years.Reported Earnings • Feb 16Third quarter 2024 earnings released: EPS: JP¥53.22 (vs JP¥3.22 in 3Q 2023)Third quarter 2024 results: EPS: JP¥53.22 (up from JP¥3.22 in 3Q 2023). Revenue: JP¥14.1b (up 214% from 3Q 2023). Net income: JP¥3.85b (up JP¥3.62b from 3Q 2023). Profit margin: 27% (up from 5.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.お知らせ • Jan 09CHANGE Holdings,Inc. to Report Q3, 2024 Results on Feb 14, 2024CHANGE Holdings,Inc. announced that they will report Q3, 2024 results on Feb 14, 2024Reported Earnings • Nov 17Second quarter 2024 earnings released: EPS: JP¥31.46 (vs JP¥3.22 in 2Q 2023)Second quarter 2024 results: EPS: JP¥31.46 (up from JP¥3.22 in 2Q 2023). Revenue: JP¥9.54b (up 112% from 2Q 2023). Net income: JP¥2.28b (up JP¥2.04b from 2Q 2023). Profit margin: 24% (up from 5.2% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.お知らせ • Nov 15+ 1 more updateCHANGE Holdings,Inc. Provides Special Dividend Guidance for the Fiscal Year Ending March 31, 2024CHANGE Holdings,Inc. provided special dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay special dividend of JPY 0.50 per share.お知らせ • Sep 28CHANGE Holdings,Inc. to Report Q2, 2024 Results on Nov 14, 2023CHANGE Holdings,Inc. announced that they will report Q2, 2024 results on Nov 14, 2023Reported Earnings • Aug 15First quarter 2024 earnings released: EPS: JP¥11.82 (vs JP¥2.38 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥11.82 (up from JP¥2.38 loss in 1Q 2023). Revenue: JP¥5.12b (up 132% from 1Q 2023). Net income: JP¥855.0m (up JP¥1.03b from 1Q 2023). Profit margin: 17% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.お知らせ • Aug 04CHANGE Holdings,Inc. (TSE:3962) made an offer to acquire a 41.59% stake in E-Guardian Inc. (TSE:6050) for ¥3000 per shareCHANGE Holdings,Inc. (TSE:3962) made an offer to acquire a 41.59% stake in E-Guardian Inc. (TSE:6050) for ¥3000 per share on August 2, 2023. The tender offer will close on October 2, 2023. SBI Securities Co. Ltd. acted as financial advisor, Tsunematsu Law Office acted as legal advisor and AGS Consulting Co., Ltd. acted as due diligence provider.お知らせ • Jun 30CHANGE Holdings,Inc. to Report Q1, 2024 Results on Aug 14, 2023CHANGE Holdings,Inc. announced that they will report Q1, 2024 results on Aug 14, 2023お知らせ • May 17+ 1 more updateCHANGE Holdings,Inc. Announces Commemorative Dividend for the Year Ending March 31, 2023At the Board of Directors' meeting held on May 15, 2023, CHANGE Holdings Inc. has decided commemorative dividend of JPY 3.00 per share for the year ending March 31, 2023.お知らせ • May 16CHANGE Holdings,Inc., Annual General Meeting, Jun 27, 2023CHANGE Holdings,Inc., Annual General Meeting, Jun 27, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥7.00 per share at 0.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%).Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥2,604, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 17x in the IT industry in Japan. Total returns to shareholders of 154% over the past three years.お知らせ • Jan 12Change Inc. to Report Q3, 2023 Results on Feb 14, 2023Change Inc. announced that they will report Q3, 2023 results on Feb 14, 2023Price Target Changed • Nov 16Price target increased to JP¥2,800Up from JP¥2,600, the current price target is provided by 1 analyst. New target price is 30% above last closing price of JP¥2,155. Stock is down 10% over the past year. The company posted earnings per share of JP¥58.78 last year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Director Eriko Hayashi was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 12Change Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Change Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the period, the company expects net sales to be JPY 21,000 million, Operating profit to be JPY 7,000 million, Profit attributable to owners of the parent to be JPY 4,669 million, net profit to be JPY 4,806 million and basic profit per share to be JPY 64.54.お知らせ • Oct 08Change Inc. to Report Q2, 2023 Results on Nov 11, 2022Change Inc. announced that they will report Q2, 2023 results on Nov 11, 2022Reported Earnings • Aug 17Third quarter 2022 earnings released: EPS: JP¥0.70 (vs JP¥4.13 in 3Q 2021)Third quarter 2022 results: EPS: JP¥0.70 (down from JP¥4.13 in 3Q 2021). Revenue: JP¥2.76b (up 5.8% from 3Q 2021). Net income: JP¥51.0m (down 83% from 3Q 2021). Profit margin: 1.8% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 38%, compared to a 12% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Aug 16Change Inc. (TSE:3962) agreed to acquire an unknown minority stake in DFA Robotics Co., Ltd. from Masaaki Hatano.Change Inc. (TSE:3962) agreed to acquire an unknown minority stake in DFA Robotics Co., Ltd. from Masaaki Hatano on August 15, 2022.お知らせ • Aug 15+ 1 more updateChange Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Change Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the period, the company expects net sales to be JPY 21,000 million, Operating profit to be JPY 7,000 million, Profit attributable to owners of the parent to be JPY 4,806 million and basic profit per share to be JPY 64.54.お知らせ • Jun 30Change Inc. to Report Q1, 2023 Results on Aug 15, 2022Change Inc. announced that they will report Q1, 2023 results on Aug 15, 2022Valuation Update With 7 Day Price Move • Jun 28Investor sentiment improved over the past weekAfter last week's 23% share price gain to JP¥2,166, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 239% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,244 per share.Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥1,961, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 192% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,213 per share.Reported Earnings • May 16Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: JP¥2.38 loss per share (down from JP¥6.71 profit in 2Q 2021). Revenue: JP¥2.21b (down 10% from 2Q 2021). Net loss: JP¥172.0m (down 138% from profit in 2Q 2021). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 24%, compared to a 8.2% growth forecast for the industry in Japan.お知らせ • May 14+ 1 more updateChange Inc. Provides Dividend Guidance for the End of Fiscal Year 2022Change Inc. provided dividend guidance for the end of the fiscal year 2022. For the period, the company expects to pay dividend of JPY 7.00 per share.Price Target Changed • Apr 27Price target decreased to JP¥2,850Down from JP¥3,200, the current price target is an average from 2 analysts. New target price is 54% above last closing price of JP¥1,851. Stock is down 47% over the past year. The company posted earnings per share of JP¥58.78 last year.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Outside Director Eriko Hayashi was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Buying Opportunity • Apr 19Now 20% undervaluedOver the last 90 days, the stock is up 24%. The fair value is estimated to be JP¥2,347, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last year, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings is also forecast to grow by 24% per annum over the same time period.お知らせ • Apr 08Change Inc. to Report Fiscal Year 2022 Results on May 13, 2022Change Inc. announced that they will report fiscal year 2022 results on May 13, 2022Price Target Changed • Mar 22Price target decreased to JP¥2,850Down from JP¥3,200, the current price target is an average from 2 analysts. New target price is 54% above last closing price of JP¥1,849. Stock is down 45% over the past year. The company is forecast to post earnings per share of JP¥67.14 for next year compared to JP¥58.78 last year.Buying Opportunity • Mar 22Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be JP¥2,317, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last year. Earnings per share has been flat over the last year.Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥1,897, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 102% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,334 per share.Reported Earnings • Feb 12First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: JP¥45.24 (up from JP¥45.12 in 1Q 2021). Revenue: JP¥7.93b (up 1.7% from 1Q 2021). Net income: JP¥3.27b (up 8.3% from 1Q 2021). Profit margin: 41% (up from 39% in 1Q 2021). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) exceeded analyst estimates by 6.1%. Over the next year, revenue is forecast to grow 23%, compared to a 7.3% growth forecast for the industry in Japan.お知らせ • Feb 11Change Inc. Provides Earning Guidance for the Fiscal Year Ending September 30, 2022Change Inc. provided earning guidance for the Fiscal Year Ending September 30, 2022. Revenue to be JPY 11,000 million, Operating profit to be JPY 5,000 million, Net profit to be JPY 3,441 million, Basic profit per share to be JPY 48.42.お知らせ • Feb 02Change Inc. to Report Q1, 2022 Results on Feb 10, 2022Change Inc. announced that they will report Q1, 2022 results on Feb 10, 2022Price Target Changed • Dec 21Price target decreased to JP¥3,200Down from JP¥3,475, the current price target is provided by 1 analyst. New target price is 81% above last closing price of JP¥1,768. Stock is down 52% over the past year. The company is forecast to post earnings per share of JP¥63.56 for next year compared to JP¥58.78 last year.Valuation Update With 7 Day Price Move • Dec 20Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥1,736, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 23x in the IT industry in Japan. Total returns to shareholders of 97% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,944 per share.お知らせ • Dec 15Change Inc. Revises Earnings Guidance for the Year Ending March 31, 2022Change Inc. revised earnings guidance for the year ending March 31, 2022. For the period, the company now expects revenue of ¥11,000 million against previous guidance of ¥18,200 million; Operating profit of ¥5,000 million against previous guidance of ¥6,800 million; Net profit of ¥3,441 million or ¥48.42 per share against previous guidance of ¥4,647 million or ¥62.76 per share.Reported Earnings • Nov 17Full year 2021 earnings released: EPS JP¥58.78 (vs JP¥32.52 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥15.7b (up 49% from FY 2020). Net income: JP¥4.10b (up 100% from FY 2020). Profit margin: 26% (up from 19% in FY 2020). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improved over the past weekAfter last week's 27% share price gain to JP¥2,403, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 25x in the IT industry in Japan. Total returns to shareholders of 214% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,560 per share. このセクションでは通常、投資家が会社の利益創出能力を理解する一助となるよう、プロのアナリストのコンセンサス予想に基づく収益と利益の成長予測を提示する。しかし、CHANGE HoldingsInc は十分な過去のデータを提供しておらず、アナリストの予測もないため、過去のデータを外挿したり、アナリストの予測を使用しても、その将来の収益を確実に算出することはできません。 シンプリー・ウォール・ストリートがカバーする企業の97%は過去の財務データを持っているため、これはかなり稀な状況です。 業績と収益の成長予測TSE:3962 - アナリストの将来予測と過去の財務データ ( )JPY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/202652,8276,9376,3497,253N/A12/31/202552,9776,20611,83312,617N/A9/30/202552,1416,9898,1389,014N/A6/30/202548,1566,6158,2859,294N/A3/31/202546,3877,5326,8257,836N/A12/31/202443,1535,6344,7946,083N/A9/30/202438,8703,2987,3689,227N/A6/30/202440,0354,9027,4139,513N/A3/31/202437,0154,3259,84712,070N/A12/31/202333,3007,2156,1808,355N/A9/30/202328,7416,8191,4834,232N/A6/30/202322,3774,6606243,423N/A3/31/202320,0213,856-4,330-1,143N/A3/31/202215,5303,7293,3004,362N/A12/31/202115,7864,3548111,576N/A9/30/202115,6534,1043,2193,804N/A6/30/202114,6544,405N/AN/AN/A3/31/202114,6194,3784,2954,694N/A12/31/202013,8293,923N/AN/AN/A9/30/202010,5422,0494,3534,634N/A6/30/202010,4871,518N/AN/AN/A3/31/20209,5741,3593,1443,362N/A12/31/20199,5311,465N/AN/AN/A9/30/20197,054378N/A-10N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 3962の予測収益成長が 貯蓄率 ( 0.8% ) を上回っているかどうかを判断するにはデータが不十分です。収益対市場: 3962の収益がJP市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です高成長収益: 3962の収益が今後 3 年間で 大幅に 増加すると予想されるかどうかを判断するにはデータが不十分です。収益対市場: 3962の収益がJP市場よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。高い収益成長: 3962の収益が年間20%よりも速く成長すると予測されるかどうかを判断するにはデータが不十分です。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 3962の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YSoftware 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 11:57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CHANGE Holdings,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。2 アナリスト機関Kaname FujitaIchiyoshi Research Institute Inc.Tomoya NakajimaMarusan Securities Co. Ltd.
Price Target Changed • Nov 16Price target increased to JP¥2,800Up from JP¥2,600, the current price target is provided by 1 analyst. New target price is 30% above last closing price of JP¥2,155. Stock is down 10% over the past year. The company posted earnings per share of JP¥58.78 last year.
お知らせ • Nov 12Change Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Change Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the period, the company expects net sales to be JPY 21,000 million, Operating profit to be JPY 7,000 million, Profit attributable to owners of the parent to be JPY 4,669 million, net profit to be JPY 4,806 million and basic profit per share to be JPY 64.54.
お知らせ • Aug 15+ 1 more updateChange Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Change Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the period, the company expects net sales to be JPY 21,000 million, Operating profit to be JPY 7,000 million, Profit attributable to owners of the parent to be JPY 4,806 million and basic profit per share to be JPY 64.54.
Price Target Changed • Apr 27Price target decreased to JP¥2,850Down from JP¥3,200, the current price target is an average from 2 analysts. New target price is 54% above last closing price of JP¥1,851. Stock is down 47% over the past year. The company posted earnings per share of JP¥58.78 last year.
Price Target Changed • Mar 22Price target decreased to JP¥2,850Down from JP¥3,200, the current price target is an average from 2 analysts. New target price is 54% above last closing price of JP¥1,849. Stock is down 45% over the past year. The company is forecast to post earnings per share of JP¥67.14 for next year compared to JP¥58.78 last year.
お知らせ • Feb 11Change Inc. Provides Earning Guidance for the Fiscal Year Ending September 30, 2022Change Inc. provided earning guidance for the Fiscal Year Ending September 30, 2022. Revenue to be JPY 11,000 million, Operating profit to be JPY 5,000 million, Net profit to be JPY 3,441 million, Basic profit per share to be JPY 48.42.
Reported Earnings • May 18Full year 2026 earnings released: EPS: JP¥99.70 (vs JP¥107 in FY 2025)Full year 2026 results: EPS: JP¥99.70 (down from JP¥107 in FY 2025). Revenue: JP¥52.8b (up 14% from FY 2025). Net income: JP¥6.94b (down 7.9% from FY 2025). Profit margin: 13% (down from 16% in FY 2025). The decrease in margin was driven by higher expenses. 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 23% per year, which means it is significantly lagging earnings.
お知らせ • May 15CHANGE Holdings,Inc. (TSE:3962) announces an Equity Buyback for 2,500,000 shares, representing 3.59% for ¥2,000 million.CHANGE Holdings,Inc. (TSE:3962) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 shares, representing 3.59% of its share capital, for ¥2,000 million. The company will repurchase its shares in order to increase shareholder returns and implement flexible investment strategies,such as M&A and alliances, and capital policies.The share repurchase program will run until November 30, 2026. As of March 31, 2026, the company had 69,578,947 shares outstanding (excluding treasury shares) and 4,273,415 shares in treasury.
お知らせ • May 14CHANGE Holdings,Inc., Annual General Meeting, Jun 25, 2026CHANGE Holdings,Inc., Annual General Meeting, Jun 25, 2026.
お知らせ • May 09CHANGE Holdings,Inc. to Report Fiscal Year 2026 Results on May 14, 2026CHANGE Holdings,Inc. announced that they will report fiscal year 2026 results at 9:00 AM, Tokyo Standard Time on May 14, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%).
Reported Earnings • Feb 15Third quarter 2026 earnings released: EPS: JP¥76.47 (vs JP¥88.48 in 3Q 2025)Third quarter 2026 results: EPS: JP¥76.47 (down from JP¥88.48 in 3Q 2025). Revenue: JP¥19.3b (up 4.5% from 3Q 2025). Net income: JP¥5.32b (down 14% from 3Q 2025). Profit margin: 28% (down from 33% in 3Q 2025). The decrease in margin was driven by higher expenses. 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 27% per year, which means it is significantly lagging earnings.
分析記事 • Dec 07A Look At The Intrinsic Value Of CHANGE Holdings,Inc. (TSE:3962)Key Insights Using the 2 Stage Free Cash Flow to Equity, CHANGE HoldingsInc fair value estimate is JP¥967 Current share...
Reported Earnings • Nov 17Second quarter 2026 earnings released: EPS: JP¥15.69 (vs JP¥9.65 in 2Q 2025)Second quarter 2026 results: EPS: JP¥15.69 (up from JP¥9.65 in 2Q 2025). Revenue: JP¥12.4b (up 48% from 2Q 2025). Net income: JP¥1.09b (up 63% from 2Q 2025). Profit margin: 8.8% (up from 8.0% in 2Q 2025). The increase in margin was driven by higher revenue.
分析記事 • Nov 15CHANGE HoldingsInc's (TSE:3962) Dividend Will Be Increased To ¥23.00CHANGE Holdings,Inc. ( TSE:3962 ) will increase its dividend from last year's comparable payment on the 29th of June to...
Declared Dividend • Nov 15Dividend of JP¥23.00 announcedShareholders will receive a dividend of JP¥23.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (19% cash payout ratio). The dividend has increased by an average of 50% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 32% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Oct 04CHANGE Holdings,Inc. to Report Q2, 2026 Results on Nov 13, 2025CHANGE Holdings,Inc. announced that they will report Q2, 2026 results on Nov 13, 2025
Reported Earnings • Aug 15First quarter 2026 earnings released: EPS: JP¥6.74 (vs JP¥20.03 in 1Q 2025)First quarter 2026 results: EPS: JP¥6.74 (down from JP¥20.03 in 1Q 2025). Revenue: JP¥9.91b (up 22% from 1Q 2025). Net income: JP¥469.0m (down 67% from 1Q 2025). Profit margin: 4.7% (down from 18% in 1Q 2025). The decrease in margin was driven by higher expenses.
Buy Or Sell Opportunity • Aug 15Now 24% overvaluedThe stock has been flat over the last 90 days, currently trading at JP¥1,243. The fair value is estimated to be JP¥1,005, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last year. Earnings per share has grown by 80%.
Board Change • Jul 13Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Executive VP & Director Akira Itoh is the most experienced director on the board, commencing their role in 2003. Independent Outside Director Takeshi Matsumoto 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 experienced directors.
お知らせ • Jul 08CHANGE Holdings,Inc. to Report Q1, 2026 Results on Aug 14, 2025CHANGE Holdings,Inc. announced that they will report Q1, 2026 results on Aug 14, 2025
Valuation Update With 7 Day Price Move • May 22Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥1,193, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 26% over the past three years.
Reported Earnings • May 20Full year 2025 earnings released: EPS: JP¥107 (vs JP¥59.78 in FY 2024)Full year 2025 results: EPS: JP¥107 (up from JP¥59.78 in FY 2024). Revenue: JP¥46.4b (up 25% from FY 2024). Net income: JP¥7.53b (up 74% from FY 2024). Profit margin: 16% (up from 12% in FY 2024). The increase in margin was driven by higher revenue. 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 12% per year, which means it is significantly lagging earnings.
お知らせ • May 15CHANGE Holdings,Inc., Annual General Meeting, Jun 26, 2025CHANGE Holdings,Inc., Annual General Meeting, Jun 26, 2025.
分析記事 • May 07CHANGE Holdings,Inc. (TSE:3962) Stock Rockets 33% As Investors Are Less Pessimistic Than ExpectedCHANGE Holdings,Inc. ( TSE:3962 ) shareholders are no doubt pleased to see that the share price has bounced 33% in the...
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to JP¥1,002, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 15x in the IT industry in Japan. Total loss to shareholders of 46% over the past three years.
お知らせ • Mar 27CHANGE Holdings,Inc. to Report Fiscal Year 2025 Results on May 15, 2025CHANGE Holdings,Inc. announced that they will report fiscal year 2025 results on May 15, 2025
Upcoming Dividend • Mar 21Upcoming dividend of JP¥14.50 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.4%).
Reported Earnings • Feb 15Third quarter 2025 earnings released: EPS: JP¥88.48 (vs JP¥53.22 in 3Q 2024)Third quarter 2025 results: EPS: JP¥88.48 (up from JP¥53.22 in 3Q 2024). Revenue: JP¥18.4b (up 30% from 3Q 2024). Net income: JP¥6.16b (up 60% from 3Q 2024). Profit margin: 33% (up from 27% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
分析記事 • Feb 05There's Reason For Concern Over CHANGE Holdings,Inc.'s (TSE:3962) Massive 25% Price JumpCHANGE Holdings,Inc. ( TSE:3962 ) shares have had a really impressive month, gaining 25% after a shaky period...
Valuation Update With 7 Day Price Move • Jan 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥1,403, the stock trades at a trailing P/E ratio of 29.6x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 8.0% over the past three years.
分析記事 • Jan 08Is CHANGE HoldingsInc (TSE:3962) Using Too Much Debt?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
お知らせ • Jan 03CHANGE Holdings,Inc. to Report Q3, 2025 Results on Feb 13, 2025CHANGE Holdings,Inc. announced that they will report Q3, 2025 results on Feb 13, 2025
Valuation Update With 7 Day Price Move • Dec 25Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥1,200, the stock trades at a trailing P/E ratio of 25.3x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 37% over the past three years.
お知らせ • Dec 19CHANGE Holdings,Inc. (TSE:3962) agreed to acquire FUNDBOOK, Inc. for ¥15.5 billion.CHANGE Holdings,Inc. (TSE:3962) agreed to acquire FUNDBOOK, Inc. for ¥15.5 billion on December 17, 2024. The transaction will be financed through senior debt of ¥15.5 billion. For the period ending March 31, 2024, FUNDBOOK, Inc. reported total revenue of ¥5.76 billion, EBIT of ¥1.46 billion and net income of ¥635 million. As of March 31, 2024, FUNDBOOK, Inc. reported total assets of ¥4.57 billion and total common equity of ¥2.4 billion. The expected completion of the transaction is December 23, 2024.
分析記事 • Dec 12CHANGE Holdings,Inc.'s (TSE:3962) Shares May Have Run Too Fast Too SoonWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 13x, you may consider CHANGE...
分析記事 • Nov 21There May Be Some Bright Spots In CHANGE HoldingsInc's (TSE:3962) EarningsThe market for CHANGE Holdings,Inc.'s ( TSE:3962 ) shares didn't move much after it posted weak earnings recently. We...
Declared Dividend • Nov 15Dividend of JP¥14.50 announcedShareholders will receive a dividend of JP¥14.50. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 1.1%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 48% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 49% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
お知らせ • Oct 04CHANGE Holdings,Inc. to Report Q2, 2025 Results on Nov 13, 2024CHANGE Holdings,Inc. announced that they will report Q2, 2025 results on Nov 13, 2024
Valuation Update With 7 Day Price Move • Oct 01Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥1,450, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 28% over the past three years.
分析記事 • Sep 05These 4 Measures Indicate That CHANGE HoldingsInc (TSE:3962) Is Using Debt SafelyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥1,294, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 41% over the past three years.
Reported Earnings • Aug 17First quarter 2025 earnings released: EPS: JP¥20.03 (vs JP¥11.82 in 1Q 2024)First quarter 2025 results: EPS: JP¥20.03 (up from JP¥11.82 in 1Q 2024). Revenue: JP¥8.14b (up 59% from 1Q 2024). Net income: JP¥1.43b (up 68% from 1Q 2024). Profit margin: 18% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
お知らせ • Aug 15CHANGE Holdings,Inc. (TSE:3962) acquired remaining majority stake Toko Computer Service K.K. from SBI Regional Business Succession Investment Co., Ltd. and others.CHANGE Holdings,Inc. (TSE:3962) acquired remaining majority stake Toko Computer Service K.K. from SBI Regional Business Succession Investment Co., Ltd. and others on August 14, 2024. On January 31, 2024, SBI Regional Business Succession Investment invested in Toko Holding and in March of the same year, we acquired 14.5% of the issued shares. CHANGE Holdings,Inc. (TSE:3962) completed the acquisition of remaining majority stake Toko Computer Service K.K. from SBI Regional Business Succession Investment Co., Ltd. and others on August 14, 2024.
分析記事 • Aug 06More Unpleasant Surprises Could Be In Store For CHANGE Holdings,Inc.'s (TSE:3962) Shares After Tumbling 33%The CHANGE Holdings,Inc. ( TSE:3962 ) share price has fared very poorly over the last month, falling by a substantial...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 28%After last week's 28% share price decline to JP¥828, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 66% over the past three years.
お知らせ • Jun 29CHANGE Holdings,Inc. to Report Q1, 2025 Results on Aug 14, 2024CHANGE Holdings,Inc. announced that they will report Q1, 2025 results on Aug 14, 2024
分析記事 • Jun 17CHANGE HoldingsInc (TSE:3962) Could Be Struggling To Allocate CapitalWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...
分析記事 • May 22CHANGE HoldingsInc's (TSE:3962) Earnings Offer More Than Meets The EyeCHANGE Holdings,Inc.'s ( TSE:3962 ) recent earnings report didn't offer any surprises, with the shares unchanged over...
Reported Earnings • May 19Full year 2024 earnings released: EPS: JP¥59.78 (vs JP¥53.31 in FY 2023)Full year 2024 results: EPS: JP¥59.78 (up from JP¥53.31 in FY 2023). Revenue: JP¥37.0b (up 85% from FY 2023). Net income: JP¥4.33b (up 12% from FY 2023). Profit margin: 12% (down from 19% in FY 2023). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.
お知らせ • May 17CHANGE Holdings,Inc., Annual General Meeting, Jun 26, 2024CHANGE Holdings,Inc., Annual General Meeting, Jun 26, 2024.
お知らせ • May 16+ 3 more updatesCHANGE Holdings,Inc. (TSE:3962) announces an Equity Buyback for 3,650,000 shares, representing 5.04% for ¥4,745 million.CHANGE Holdings,Inc. (TSE:3962) announces a share repurchase program. Under the program, the company will repurchase up to 3,650,000 shares, representing 5.04% of its share capital, for ¥4,745 million. The company will repurchase its shares in order to enhance shareholder returns. The share repurchase program will run until December 31, 2024. As of March 31, 2024, the company had 72,355,427 shares outstanding (excluding treasury shares) and 623,335 shares in treasury.
お知らせ • Mar 28CHANGE Holdings,Inc. to Report Fiscal Year 2024 Results on May 15, 2024CHANGE Holdings,Inc. announced that they will report fiscal year 2024 results on May 15, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥12.50 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 7.0% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.4%).
分析記事 • Mar 18Take Care Before Jumping Onto CHANGE Holdings,Inc. (TSE:3962) Even Though It's 26% CheaperCHANGE Holdings,Inc. ( TSE:3962 ) shares have had a horrible month, losing 26% after a relatively good period...
分析記事 • Mar 11CHANGE HoldingsInc (TSE:3962) Will Pay A Larger Dividend Than Last Year At ¥12.50The board of CHANGE Holdings,Inc. ( TSE:3962 ) has announced that it will be paying its dividend of ¥12.50 on the 28th...
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to JP¥1,152, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 20x in the IT industry in Japan. Total loss to shareholders of 62% over the past three years.
Reported Earnings • Feb 16Third quarter 2024 earnings released: EPS: JP¥53.22 (vs JP¥3.22 in 3Q 2023)Third quarter 2024 results: EPS: JP¥53.22 (up from JP¥3.22 in 3Q 2023). Revenue: JP¥14.1b (up 214% from 3Q 2023). Net income: JP¥3.85b (up JP¥3.62b from 3Q 2023). Profit margin: 27% (up from 5.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
お知らせ • Jan 09CHANGE Holdings,Inc. to Report Q3, 2024 Results on Feb 14, 2024CHANGE Holdings,Inc. announced that they will report Q3, 2024 results on Feb 14, 2024
Reported Earnings • Nov 17Second quarter 2024 earnings released: EPS: JP¥31.46 (vs JP¥3.22 in 2Q 2023)Second quarter 2024 results: EPS: JP¥31.46 (up from JP¥3.22 in 2Q 2023). Revenue: JP¥9.54b (up 112% from 2Q 2023). Net income: JP¥2.28b (up JP¥2.04b from 2Q 2023). Profit margin: 24% (up from 5.2% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings.
お知らせ • Nov 15+ 1 more updateCHANGE Holdings,Inc. Provides Special Dividend Guidance for the Fiscal Year Ending March 31, 2024CHANGE Holdings,Inc. provided special dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay special dividend of JPY 0.50 per share.
お知らせ • Sep 28CHANGE Holdings,Inc. to Report Q2, 2024 Results on Nov 14, 2023CHANGE Holdings,Inc. announced that they will report Q2, 2024 results on Nov 14, 2023
Reported Earnings • Aug 15First quarter 2024 earnings released: EPS: JP¥11.82 (vs JP¥2.38 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥11.82 (up from JP¥2.38 loss in 1Q 2023). Revenue: JP¥5.12b (up 132% from 1Q 2023). Net income: JP¥855.0m (up JP¥1.03b from 1Q 2023). Profit margin: 17% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
お知らせ • Aug 04CHANGE Holdings,Inc. (TSE:3962) made an offer to acquire a 41.59% stake in E-Guardian Inc. (TSE:6050) for ¥3000 per shareCHANGE Holdings,Inc. (TSE:3962) made an offer to acquire a 41.59% stake in E-Guardian Inc. (TSE:6050) for ¥3000 per share on August 2, 2023. The tender offer will close on October 2, 2023. SBI Securities Co. Ltd. acted as financial advisor, Tsunematsu Law Office acted as legal advisor and AGS Consulting Co., Ltd. acted as due diligence provider.
お知らせ • Jun 30CHANGE Holdings,Inc. to Report Q1, 2024 Results on Aug 14, 2023CHANGE Holdings,Inc. announced that they will report Q1, 2024 results on Aug 14, 2023
お知らせ • May 17+ 1 more updateCHANGE Holdings,Inc. Announces Commemorative Dividend for the Year Ending March 31, 2023At the Board of Directors' meeting held on May 15, 2023, CHANGE Holdings Inc. has decided commemorative dividend of JPY 3.00 per share for the year ending March 31, 2023.
お知らせ • May 16CHANGE Holdings,Inc., Annual General Meeting, Jun 27, 2023CHANGE Holdings,Inc., Annual General Meeting, Jun 27, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥7.00 per share at 0.3% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%).
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥2,604, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 17x in the IT industry in Japan. Total returns to shareholders of 154% over the past three years.
お知らせ • Jan 12Change Inc. to Report Q3, 2023 Results on Feb 14, 2023Change Inc. announced that they will report Q3, 2023 results on Feb 14, 2023
Price Target Changed • Nov 16Price target increased to JP¥2,800Up from JP¥2,600, the current price target is provided by 1 analyst. New target price is 30% above last closing price of JP¥2,155. Stock is down 10% over the past year. The company posted earnings per share of JP¥58.78 last year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Director Eriko Hayashi was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 12Change Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Change Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the period, the company expects net sales to be JPY 21,000 million, Operating profit to be JPY 7,000 million, Profit attributable to owners of the parent to be JPY 4,669 million, net profit to be JPY 4,806 million and basic profit per share to be JPY 64.54.
お知らせ • Oct 08Change Inc. to Report Q2, 2023 Results on Nov 11, 2022Change Inc. announced that they will report Q2, 2023 results on Nov 11, 2022
Reported Earnings • Aug 17Third quarter 2022 earnings released: EPS: JP¥0.70 (vs JP¥4.13 in 3Q 2021)Third quarter 2022 results: EPS: JP¥0.70 (down from JP¥4.13 in 3Q 2021). Revenue: JP¥2.76b (up 5.8% from 3Q 2021). Net income: JP¥51.0m (down 83% from 3Q 2021). Profit margin: 1.8% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 38%, compared to a 12% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Aug 16Change Inc. (TSE:3962) agreed to acquire an unknown minority stake in DFA Robotics Co., Ltd. from Masaaki Hatano.Change Inc. (TSE:3962) agreed to acquire an unknown minority stake in DFA Robotics Co., Ltd. from Masaaki Hatano on August 15, 2022.
お知らせ • Aug 15+ 1 more updateChange Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Change Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the period, the company expects net sales to be JPY 21,000 million, Operating profit to be JPY 7,000 million, Profit attributable to owners of the parent to be JPY 4,806 million and basic profit per share to be JPY 64.54.
お知らせ • Jun 30Change Inc. to Report Q1, 2023 Results on Aug 15, 2022Change Inc. announced that they will report Q1, 2023 results on Aug 15, 2022
Valuation Update With 7 Day Price Move • Jun 28Investor sentiment improved over the past weekAfter last week's 23% share price gain to JP¥2,166, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 239% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,244 per share.
Valuation Update With 7 Day Price Move • Jun 09Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥1,961, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 192% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,213 per share.
Reported Earnings • May 16Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: JP¥2.38 loss per share (down from JP¥6.71 profit in 2Q 2021). Revenue: JP¥2.21b (down 10% from 2Q 2021). Net loss: JP¥172.0m (down 138% from profit in 2Q 2021). Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 24%, compared to a 8.2% growth forecast for the industry in Japan.
お知らせ • May 14+ 1 more updateChange Inc. Provides Dividend Guidance for the End of Fiscal Year 2022Change Inc. provided dividend guidance for the end of the fiscal year 2022. For the period, the company expects to pay dividend of JPY 7.00 per share.
Price Target Changed • Apr 27Price target decreased to JP¥2,850Down from JP¥3,200, the current price target is an average from 2 analysts. New target price is 54% above last closing price of JP¥1,851. Stock is down 47% over the past year. The company posted earnings per share of JP¥58.78 last year.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Outside Director Eriko Hayashi was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Buying Opportunity • Apr 19Now 20% undervaluedOver the last 90 days, the stock is up 24%. The fair value is estimated to be JP¥2,347, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last year, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings is also forecast to grow by 24% per annum over the same time period.
お知らせ • Apr 08Change Inc. to Report Fiscal Year 2022 Results on May 13, 2022Change Inc. announced that they will report fiscal year 2022 results on May 13, 2022
Price Target Changed • Mar 22Price target decreased to JP¥2,850Down from JP¥3,200, the current price target is an average from 2 analysts. New target price is 54% above last closing price of JP¥1,849. Stock is down 45% over the past year. The company is forecast to post earnings per share of JP¥67.14 for next year compared to JP¥58.78 last year.
Buying Opportunity • Mar 22Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be JP¥2,317, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last year. Earnings per share has been flat over the last year.
Valuation Update With 7 Day Price Move • Mar 17Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥1,897, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 102% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,334 per share.
Reported Earnings • Feb 12First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2022 results: EPS: JP¥45.24 (up from JP¥45.12 in 1Q 2021). Revenue: JP¥7.93b (up 1.7% from 1Q 2021). Net income: JP¥3.27b (up 8.3% from 1Q 2021). Profit margin: 41% (up from 39% in 1Q 2021). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 100%. Earnings per share (EPS) exceeded analyst estimates by 6.1%. Over the next year, revenue is forecast to grow 23%, compared to a 7.3% growth forecast for the industry in Japan.
お知らせ • Feb 11Change Inc. Provides Earning Guidance for the Fiscal Year Ending September 30, 2022Change Inc. provided earning guidance for the Fiscal Year Ending September 30, 2022. Revenue to be JPY 11,000 million, Operating profit to be JPY 5,000 million, Net profit to be JPY 3,441 million, Basic profit per share to be JPY 48.42.
お知らせ • Feb 02Change Inc. to Report Q1, 2022 Results on Feb 10, 2022Change Inc. announced that they will report Q1, 2022 results on Feb 10, 2022
Price Target Changed • Dec 21Price target decreased to JP¥3,200Down from JP¥3,475, the current price target is provided by 1 analyst. New target price is 81% above last closing price of JP¥1,768. Stock is down 52% over the past year. The company is forecast to post earnings per share of JP¥63.56 for next year compared to JP¥58.78 last year.
Valuation Update With 7 Day Price Move • Dec 20Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥1,736, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 23x in the IT industry in Japan. Total returns to shareholders of 97% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,944 per share.
お知らせ • Dec 15Change Inc. Revises Earnings Guidance for the Year Ending March 31, 2022Change Inc. revised earnings guidance for the year ending March 31, 2022. For the period, the company now expects revenue of ¥11,000 million against previous guidance of ¥18,200 million; Operating profit of ¥5,000 million against previous guidance of ¥6,800 million; Net profit of ¥3,441 million or ¥48.42 per share against previous guidance of ¥4,647 million or ¥62.76 per share.
Reported Earnings • Nov 17Full year 2021 earnings released: EPS JP¥58.78 (vs JP¥32.52 in FY 2020)The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥15.7b (up 49% from FY 2020). Net income: JP¥4.10b (up 100% from FY 2020). Profit margin: 26% (up from 19% in FY 2020). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Nov 17Investor sentiment improved over the past weekAfter last week's 27% share price gain to JP¥2,403, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 25x in the IT industry in Japan. Total returns to shareholders of 214% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,560 per share.