Appirits（4174）株式概要株式会社アピリッツは、日本における各種ウェブサービスの企画・運営を行っています。 詳細4174 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長0/6過去の実績0/6財務の健全性3/6配当金2/6リスク分析4.47%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない JP市場と比較して、過去 3 か月間の株価の変動が非常に大きい過去5年間で収益は年間69.3%減少しました。 意味のある時価総額がありません ( ¥3B )すべてのリスクチェックを見る4174 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥649.0072.8% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-452m10b2016201920222025202620282031Revenue JP¥10.0bEarnings JP¥775.9mAdvancedSet Fair ValueView all narrativesAppirits Inc. 競合他社IPS HoldingsSymbol: TSE:4335Market cap: JP¥2.8bD. I. SystemSymbol: TSE:4421Market cap: JP¥2.6bHybrid TechnologiesSymbol: TSE:4260Market cap: JP¥2.9bTDSESymbol: TSE:7046Market cap: JP¥2.7b価格と性能株価の高値、安値、推移の概要Appirits過去の株価現在の株価JP¥649.0052週高値JP¥936.0052週安値JP¥605.00ベータ0.0271ヶ月の変化4.01%3ヶ月変化4.17%1年変化-12.53%3年間の変化-41.69%5年間の変化-37.09%IPOからの変化-70.50%最新ニュースReported Earnings • Jun 15First quarter 2027 earnings released: EPS: JP¥0.74 (vs JP¥2.24 loss in 1Q 2026)First quarter 2027 results: EPS: JP¥0.74 (up from JP¥2.24 loss in 1Q 2026). Revenue: JP¥2.50b (flat on 1Q 2026). Net income: JP¥3.00m (up JP¥12.0m from 1Q 2026). Profit margin: 0.1% (up from net loss in 1Q 2026). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.New Risk • Jun 10New 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 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 60% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (JP¥3.50b market cap, or US$21.8m).Declared Dividend • May 11Final dividend of JP¥14.50 announcedShareholders will receive a dividend of JP¥14.50. Ex-date: 30th July 2026 Payment date: 13th October 2026 Dividend yield will be 4.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 55% per year over the past 4 years and payments have been stable during that time.Reported Earnings • Mar 19Full year 2026 earnings released: JP¥115 loss per share (vs JP¥10.96 profit in FY 2025)Full year 2026 results: JP¥115 loss per share (down from JP¥10.96 profit in FY 2025). Revenue: JP¥9.96b (up 11% from FY 2025). Net loss: JP¥465.0m (down JP¥510.0m from profit in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.お知らせ • Mar 17Appirits Inc., Annual General Meeting, Apr 28, 2026Appirits Inc., Annual General Meeting, Apr 28, 2026.Upcoming Dividend • Jan 22Upcoming dividend of JP¥14.00 per shareEligible shareholders must have bought the stock before 29 January 2026. Payment date: 13 April 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.2%).最新情報をもっと見るRecent updatesReported Earnings • Jun 15First quarter 2027 earnings released: EPS: JP¥0.74 (vs JP¥2.24 loss in 1Q 2026)First quarter 2027 results: EPS: JP¥0.74 (up from JP¥2.24 loss in 1Q 2026). Revenue: JP¥2.50b (flat on 1Q 2026). Net income: JP¥3.00m (up JP¥12.0m from 1Q 2026). Profit margin: 0.1% (up from net loss in 1Q 2026). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.New Risk • Jun 10New 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 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 60% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (JP¥3.50b market cap, or US$21.8m).Declared Dividend • May 11Final dividend of JP¥14.50 announcedShareholders will receive a dividend of JP¥14.50. Ex-date: 30th July 2026 Payment date: 13th October 2026 Dividend yield will be 4.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 55% per year over the past 4 years and payments have been stable during that time.Reported Earnings • Mar 19Full year 2026 earnings released: JP¥115 loss per share (vs JP¥10.96 profit in FY 2025)Full year 2026 results: JP¥115 loss per share (down from JP¥10.96 profit in FY 2025). Revenue: JP¥9.96b (up 11% from FY 2025). Net loss: JP¥465.0m (down JP¥510.0m from profit in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.お知らせ • Mar 17Appirits Inc., Annual General Meeting, Apr 28, 2026Appirits Inc., Annual General Meeting, Apr 28, 2026.Upcoming Dividend • Jan 22Upcoming dividend of JP¥14.00 per shareEligible shareholders must have bought the stock before 29 January 2026. Payment date: 13 April 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.2%).分析記事 • Jan 13Appirits (TSE:4174) Is Due To Pay A Dividend Of ¥14.00Appirits Inc.'s ( TSE:4174 ) investors are due to receive a payment of ¥14.00 per share on 13th of April. This will...分析記事 • Dec 30Appirits (TSE:4174) Will Pay A Dividend Of ¥14.00The board of Appirits Inc. ( TSE:4174 ) has announced that it will pay a dividend of ¥14.00 per share on the 13th of...お知らせ • Dec 30Appirits Inc. to Report Fiscal Year 2026 Results on Mar 17, 2026Appirits Inc. announced that they will report fiscal year 2026 results on Mar 17, 2026Reported Earnings • Dec 13Third quarter 2026 earnings released: JP¥21.90 loss per share (vs JP¥9.90 loss in 3Q 2025)Third quarter 2026 results: JP¥21.90 loss per share (further deteriorated from JP¥9.90 loss in 3Q 2025). Revenue: JP¥2.46b (up 10% from 3Q 2025). Net loss: JP¥88.5m (loss widened 117% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.分析記事 • Dec 04Appirits' (TSE:4174) Dividend Will Be ¥14.00Appirits Inc. ( TSE:4174 ) will pay a dividend of ¥14.00 on the 13th of April. This will take the dividend yield to an...お知らせ • Nov 27Appirits Inc. (TSE:4174) completed the acquisition of Bunbu Joint Stock Company from Le Van Nghia, Nguyen Nam Ha and Vu Thi Minh Hoa.Appirits Inc. (TSE:4174) agreed to acquire Bunbu Joint Stock Company from Le Van Nghia, Nguyen Nam Ha and Vu Thi Minh Hoa for VND 35.4 billion on August 29, 2025. As reported, cash consideration of VND 25,634 million will be paid for Bunbu common shares and in addition, an earn-out of up to VND 9,787 million will be paid depending on the performance achievement level from the fiscal year ending December 2026 to the fiscal year ending December 2027. For the period ending December 31, 2024, Bunbu Joint Stock Company reported total revenue of VND 15.51 billion, operating profit of VND 6.36 billion and net profit of VND 6.03 billion. As of December 31, 2024, Bunbu Joint Stock Company reported total assets of VND 23.91 billion and total common equity of VND 22.38 billion. The expected completion of the transaction is November 2025. Appirits Inc. (TSE:4174) completed the acquisition of Bunbu Joint Stock Company from Le Van Nghia, Nguyen Nam Ha and Vu Thi Minh Hoa on November 25, 2025.分析記事 • Nov 20Appirits (TSE:4174) Will Pay A Dividend Of ¥14.00Appirits Inc.'s ( TSE:4174 ) investors are due to receive a payment of ¥14.00 per share on 13th of April. This will...分析記事 • Oct 11Appirits (TSE:4174) Has Announced A Dividend Of ¥14.00The board of Appirits Inc. ( TSE:4174 ) has announced that it will pay a dividend of ¥14.00 per share on the 13th of...Declared Dividend • Oct 11First half dividend of JP¥14.00 announcedShareholders will receive a dividend of JP¥14.00. Ex-date: 29th January 2026 Payment date: 13th April 2026 Dividend yield will be 4.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (343% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 78% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 281% to bring the payout ratio under control. However, EPS has declined by 26% over the last 5 years so the company would need to reverse this trend.Reported Earnings • Sep 15Second quarter 2026 earnings released: JP¥6.44 loss per share (vs JP¥22.28 loss in 2Q 2025)Second quarter 2026 results: JP¥6.44 loss per share (improved from JP¥22.28 loss in 2Q 2025). Revenue: JP¥2.68b (up 29% from 2Q 2025). Net loss: JP¥26.0m (loss narrowed 72% from 2Q 2025).分析記事 • Sep 12We Think Appirits (TSE:4174) Can Stay On Top Of Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...New Risk • Sep 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 22% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Market cap is less than US$100m (JP¥2.93b market cap, or US$19.8m).Upcoming Dividend • Jul 23Upcoming dividend of JP¥14.00 per shareEligible shareholders must have bought the stock before 30 July 2025. Payment date: 14 October 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.4%).分析記事 • Jul 17Appirits' (TSE:4174) Shareholders Will Receive A Bigger Dividend Than Last YearAppirits Inc. ( TSE:4174 ) will increase its dividend from last year's comparable payment on the 14th of October to...Reported Earnings • Jun 15First quarter 2026 earnings released: JP¥2.24 loss per share (vs JP¥18.42 profit in 1Q 2025)First quarter 2026 results: JP¥2.24 loss per share (down from JP¥18.42 profit in 1Q 2025). Revenue: JP¥2.48b (up 16% from 1Q 2025). Net loss: JP¥9.00m (down 112% from profit in 1Q 2025).分析記事 • May 08Appirits' (TSE:4174) Shareholders Will Receive A Bigger Dividend Than Last YearAppirits Inc.'s ( TSE:4174 ) dividend will be increasing from last year's payment of the same period to ¥14.00 on 14th...Declared Dividend • May 08Final dividend of JP¥14.00 announcedShareholders will receive a dividend of JP¥14.00. Ex-date: 30th July 2025 Payment date: 14th October 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 78% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. However, EPS has declined by 17% over the last 5 years so the company would need to reverse this trend.分析記事 • Apr 16Appirits (TSE:4174) Has A Pretty Healthy Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥703, the stock trades at a trailing P/E ratio of 61.4x. Average trailing P/E is 15x in the IT industry in Japan. Total loss to shareholders of 43% over the past three years.Reported Earnings • Mar 18Full year 2025 earnings released: EPS: JP¥10.96 (vs JP¥94.25 in FY 2024)Full year 2025 results: EPS: JP¥10.96 (down from JP¥94.25 in FY 2024). Revenue: JP¥9.01b (up 6.9% from FY 2024). Net income: JP¥45.0m (down 88% from FY 2024). Profit margin: 0.5% (down from 4.6% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year.お知らせ • Mar 17Appirits Inc., Annual General Meeting, Apr 25, 2025Appirits Inc., Annual General Meeting, Apr 25, 2025.Upcoming Dividend • Jan 23Upcoming dividend of JP¥8.00 per shareEligible shareholders must have bought the stock before 30 January 2025. Payment date: 11 April 2025. The company is paying out more than 100% of its profits and is paying out 90% of its cash flow. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).分析記事 • Jan 17Appirits (TSE:4174) Is Due To Pay A Dividend Of ¥8.00Appirits Inc. ( TSE:4174 ) has announced that it will pay a dividend of ¥8.00 per share on the 11th of April. This will...お知らせ • Jan 17+ 2 more updatesAppirits Inc. to Report Q3, 2026 Results on Dec 12, 2025Appirits Inc. announced that they will report Q3, 2026 results on Dec 12, 2025分析記事 • Jan 03Appirits (TSE:4174) Has Announced A Dividend Of ¥8.00Appirits Inc.'s ( TSE:4174 ) investors are due to receive a payment of ¥8.00 per share on 11th of April. This will take...お知らせ • Jan 03Appirits Inc. to Report Fiscal Year 2025 Results on Mar 17, 2025Appirits Inc. announced that they will report fiscal year 2025 results on Mar 17, 2025Reported Earnings • Dec 15Third quarter 2025 earnings released: JP¥9.94 loss per share (vs JP¥29.24 profit in 3Q 2024)Third quarter 2025 results: JP¥9.94 loss per share (down from JP¥29.24 profit in 3Q 2024). Revenue: JP¥2.23b (up 2.4% from 3Q 2024). Net loss: JP¥41.0m (down 134% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year.New Risk • Nov 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (92% cash payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (JP¥2.97b market cap, or US$19.2m).お知らせ • Oct 17Appirits Inc. (TSE:4174) announces an Equity Buyback for 150,000 shares, representing 3.63% for ¥180 million.Appirits Inc. (TSE:4174) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 3.63% of its share capital, for ¥180 million. The purpose of program is to enhancing shareholder returns. The program will expire on January 31, 2025. As of July 31, 2024, the company had 4,128,762 shares outstanding (excluding treasury shares) and 0 shares in treasury.分析記事 • Oct 14Appirits' (TSE:4174) Dividend Will Be ¥8.00The board of Appirits Inc. ( TSE:4174 ) has announced that it will pay a dividend of ¥8.00 per share on the 11th of...Declared Dividend • Oct 12First half dividend of JP¥8.00 announcedShareholders will receive a dividend of JP¥8.00. Ex-date: 30th January 2025 Payment date: 11th April 2025 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but not adequately covered by cash flows (92% cash payout ratio). The dividend has increased by an average of 79% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 13% 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 02Appirits Inc. (TSE:4174) agreed to acquire Quail, Inc.Appirits Inc. (TSE:4174) agreed to acquire Quail, Inc. on September 30, 2024.分析記事 • Sep 30Appirits' (TSE:4174) Dividend Will Be ¥8.00The board of Appirits Inc. ( TSE:4174 ) has announced that it will pay a dividend of ¥8.00 per share on the 11th of...お知らせ • Sep 28Appirits Inc. to Report Q3, 2025 Results on Dec 13, 2024Appirits Inc. announced that they will report Q3, 2025 results on Dec 13, 2024New Risk • Sep 17New 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 Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥2.98b market cap, or US$21.2m).分析記事 • Sep 16Appirits (TSE:4174) Has Announced A Dividend Of ¥8.00The board of Appirits Inc. ( TSE:4174 ) has announced that it will pay a dividend of ¥8.00 per share on the 11th of...Declared Dividend • Sep 15Dividend of JP¥8.00 announcedShareholders will receive a dividend of JP¥8.00. Ex-date: 30th January 2025 Payment date: 11th April 2025 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 (12% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 79% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Sep 10Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥740, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 7.0% over the past three years.New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (JP¥2.97b market cap, or US$20.9m).Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to JP¥720, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 6.2% over the past three years.Upcoming Dividend • Jul 23Upcoming dividend of JP¥8.00 per shareEligible shareholders must have bought the stock before 30 July 2024. Payment date: 15 October 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (1.5%).分析記事 • Jul 22Appirits (TSE:4174) Will Pay A Larger Dividend Than Last Year At ¥8.00Appirits Inc. ( TSE:4174 ) has announced that it will be increasing its dividend from last year's comparable payment on...お知らせ • Jun 30Appirits Inc. to Report Q2, 2025 Results on Sep 13, 2024Appirits Inc. announced that they will report Q2, 2025 results on Sep 13, 2024分析記事 • Jun 24Appirits (TSE:4174) Is Increasing Its Dividend To ¥8.00The board of Appirits Inc. ( TSE:4174 ) has announced that it will be paying its dividend of ¥8.00 on the 15th of...Reported Earnings • Jun 16First quarter 2025 earnings released: EPS: JP¥18.42 (vs JP¥15.18 in 1Q 2024)First quarter 2025 results: EPS: JP¥18.42 (up from JP¥15.18 in 1Q 2024). Revenue: JP¥2.14b (up 6.2% from 1Q 2024). Net income: JP¥76.0m (up 23% from 1Q 2024). Profit margin: 3.6% (up from 3.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the IT industry in Japan.お知らせ • Jun 13+ 1 more updateAppirits Inc. Declares Dividend for the Fiscal Year Ending January 31, 2024, Payable on April 11, 2024; Provides Dividend Guidance for Second Quarter and Fiscal Year Ending January 31, 2025Appirits Inc. declared dividend of JPY 6.00 per share for the Fiscal year ending January 31, 2024 as compared to JPY 5.00 per share paid a year ago. Scheduled date for commencing dividend payments: April 11, 2024.The company also provided dividend guidance for second quarter and fiscal year ending January 31, 2025, For the second quarter, the company provided dividend guidance of JPY 8.00 as compared to JPY 6.00 per share paid a year ago.For the full year, the company provided dividend guidance of JPY 8.00 as compared to JPY 6.00 per share paid a year ago.分析記事 • Jun 09Appirits (TSE:4174) Is Paying Out A Larger Dividend Than Last YearAppirits Inc.'s ( TSE:4174 ) dividend will be increasing from last year's payment of the same period to ¥8.00 on 15th...分析記事 • May 26Appirits' (TSE:4174) Shareholders Will Receive A Bigger Dividend Than Last YearAppirits Inc. ( TSE:4174 ) will increase its dividend from last year's comparable payment on the 15th of October to...Declared Dividend • May 25Final dividend of JP¥8.00 announcedShareholders will receive a dividend of JP¥8.00. Ex-date: 30th July 2024 Payment date: 15th October 2024 Dividend yield will be 1.3%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 79% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 40% over the next 2 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 31Appirits Inc. to Report Q1, 2025 Results on Jun 14, 2024Appirits Inc. announced that they will report Q1, 2025 results on Jun 14, 2024New Risk • Mar 28New 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 8.4% 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 Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risk Market cap is less than US$100m (JP¥5.20b market cap, or US$34.4m).お知らせ • Mar 18Appirits Inc., Annual General Meeting, Apr 25, 2024Appirits Inc., Annual General Meeting, Apr 25, 2024.Reported Earnings • Mar 17Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: JP¥94.25 (up from JP¥52.17 in FY 2023). Revenue: JP¥8.43b (up 15% from FY 2023). Net income: JP¥386.0m (up 84% from FY 2023). Profit margin: 4.6% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 6.7%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the IT industry in Japan.分析記事 • Feb 29A Look At The Fair Value Of Appirits Inc. (TSE:4174)Key Insights The projected fair value for Appirits is JP¥1,548 based on 2 Stage Free Cash Flow to Equity Appirits...Buy Or Sell Opportunity • Feb 21Now 20% undervaluedOver the last 90 days, the stock has risen 15% to JP¥1,230. The fair value is estimated to be JP¥1,547, however this is not to be taken as a buy 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 64%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 68% in the next 2 years.Upcoming Dividend • Jan 23Upcoming dividend of JP¥6.00 per share at 1.0% yieldEligible shareholders must have bought the stock before 30 January 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 6.6% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.4%).Valuation Update With 7 Day Price Move • Jan 22Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥1,253, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 2.6% over the past year.New Risk • Jan 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (JP¥4.73b market cap, or US$32.0m).お知らせ • Dec 29Appirits Inc. to Report Fiscal Year 2024 Results on Mar 15, 2024Appirits Inc. announced that they will report fiscal year 2024 results on Mar 15, 2024Reported Earnings • Dec 16Third quarter 2024 earnings released: EPS: JP¥29.24 (vs JP¥9.62 in 3Q 2023)Third quarter 2024 results: EPS: JP¥29.24 (up from JP¥9.62 in 3Q 2023). Revenue: JP¥2.18b (up 5.8% from 3Q 2023). Net income: JP¥120.0m (up 208% from 3Q 2023). Profit margin: 5.5% (up from 1.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the IT industry in Japan.お知らせ • Dec 01Appirits Inc. Provides Earnings Guidance for the Full Year Ending January 31, 2024Appirits Inc. provided earnings guidance for the Full year ending January 31, 2024. For the year, the company expects total revenue of JPY 8,734 million, Operating profit of JPY 550 million, Profit attributable to owners of parent JPY 327 million, Basic earnings per share of JPY 81.32.New Risk • Oct 21New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% 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 Less than 3 years of financial data is available. Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (JP¥4.18b market cap, or US$27.9m).Reported Earnings • Sep 16Second quarter 2024 earnings releasedSecond quarter 2024 results: EPS: JP¥21.71. Net income: JP¥89.0m (up JP¥89.0m from 2Q 2023). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the IT industry in Japan.お知らせ • Sep 16Appirits Inc. (TSE:4174) announces an Equity Buyback for 50,000 shares, representing 1.2% for ¥80 million.Appirits Inc. (TSE:4174) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 1.20% of its share capital, for ¥80 million. The company will repurchase its shares in order to utilize treasury stock for M&A, etc., as well as for the 30% total return ratio set forth in his dividend policy.. The program will expire on March 15, 2024. As of July 31, 2023, the company had 4,151,400 shares outstanding (excluding treasury shares) and 50,038 shares in treasury.お知らせ • Jul 29+ 1 more updateAppirits Inc. to Report Q2, 2024 Results on Sep 14, 2023Appirits Inc. announced that they will report Q2, 2024 results on Sep 14, 2023Upcoming Dividend • Jul 21Upcoming dividend of JP¥6.00 per share at 1.1% yieldEligible shareholders must have bought the stock before 28 July 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.6%).Reported Earnings • Jun 16First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: JP¥15.18. Net income: JP¥62.0m (up JP¥62.0m from 1Q 2023). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the IT industry in Japan.New Risk • Jun 15New 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 8.2% 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 Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (JP¥4.47b market cap, or US$32.0m).Reported Earnings • May 03Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: JP¥52.17 (up from JP¥28.32 in FY 2022). Revenue: JP¥7.32b (up 53% from FY 2022). Net income: JP¥210.0m (up 93% from FY 2022). Profit margin: 2.9% (up from 2.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the IT industry in Japan.Valuation Update With 7 Day Price Move • Mar 24Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥969, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the IT industry in Japan. Negligible returns to shareholders over past year.お知らせ • Jan 28Appirits Inc. to Report Fiscal Year 2023 Results on Mar 17, 2023Appirits Inc. announced that they will report fiscal year 2023 results on Mar 17, 2023Upcoming Dividend • Jan 23Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 30 January 2023. Payment date: 12 April 2023. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%).Valuation Update With 7 Day Price Move • Dec 20Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to JP¥1,116, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 87% over the past year.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Outside Director Kenichi Kitou was the last independent director to join the board, commencing their role in 2004. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Buying Opportunity • Oct 21Now 20% undervaluedOver the last 90 days, the stock is up 18%. The fair value is estimated to be JP¥1,571, however this is not to be taken as a buy recommendation but rather should be used as a guide only.お知らせ • Oct 05Appirits Inc. to Report Q3, 2023 Results on Dec 15, 2022Appirits Inc. announced that they will report Q3, 2023 results on Dec 15, 2022Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to JP¥1,011, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 25% over the past year.お知らせ • Sep 14Appirits Inc. (TSE:4174) announces an Equity Buyback for 50,000 shares, representing 1.23% for ¥70 million.Appirits Inc. (TSE:4174) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 1.23% of its share capital, for ¥70 million. The company will repurchase its shares in order to obtain a positive commitment to improving the corporate value of the Company by utilizing treasury stock for M&A, etc. and for stock compensation for officers and employees of the Group. The program will expire on March 13, 2023. As of July 31, 2022, the company had 4,068,900 shares outstanding (excluding treasury shares) and no shares in treasury.Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥1,165, the stock trades at a trailing P/E ratio of 43.5x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 48% over the past year.Valuation Update With 7 Day Price Move • Aug 17Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥1,028, the stock trades at a trailing P/E ratio of 37.6x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 50% over the past year.Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥1,068, the stock trades at a trailing P/E ratio of 39x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 17% over the past year.お知らせ • Jul 02Appirits Inc. to Report Q2, 2023 Results on Sep 14, 2022Appirits Inc. announced that they will report Q2, 2023 results on Sep 14, 2022Valuation Update With 7 Day Price Move • Jun 15Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to JP¥1,010, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 7.5% over the past year.Valuation Update With 7 Day Price Move • May 18Investor sentiment improved over the past weekAfter last week's 21% share price gain to JP¥1,206, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 12% over the past 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. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Outside Director Kenichi Kitou was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 08Appirits Inc. to Report Fiscal Year 2022 Results on Apr 26, 2022Appirits Inc. announced that they will report fiscal year 2022 results on Apr 26, 2022Reported Earnings • Mar 18Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: JP¥28.32 (down from JP¥117 in FY 2021). Revenue: JP¥4.80b (up 23% from FY 2021). Net income: JP¥109.0m (down 13% from FY 2021). Profit margin: 2.3% (down from 3.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates.Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improved over the past weekAfter last week's 23% share price gain to JP¥935, the stock trades at a trailing P/E ratio of 41x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 34% over the past year.株主還元4174JP ITJP 市場7D-2.3%-0.8%6.4%1Y-12.5%-14.4%46.1%株主還元を見る業界別リターン: 4174過去 1 年間で-14.4 % の収益を上げたJP IT業界を上回りました。リターン対市場: 4174は、過去 1 年間で46.1 % のリターンを上げたJP市場を下回りました。価格変動Is 4174's price volatile compared to industry and market?4174 volatility4174 Average Weekly Movement9.6%IT Industry Average Movement4.9%Market Average Movement4.6%10% most volatile stocks in JP Market9.3%10% least volatile stocks in JP Market2.4%安定した株価: 4174の株価は、 JP市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 4174の weekly volatility ( 10% ) は過去 1 年間安定していますが、依然としてJPの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト2000820Junji Wadaappirits.com株式会社アピリッツは、日本における各種ウェブサービスの企画・運営を行う会社です。各種ウェブサービスのコンサルティングやアクセス解析、各種ウェブサービスパッケージやASPの開発・販売、ウェブサービスシステムの受託開発などを行う。また、Webサービスシステムのインフラ構築や保守・監視、オンラインゲームの企画・開発・運営も行っている。2000年に法人化し、渋谷に本社を置く。もっと見るAppirits Inc. 基礎のまとめAppirits の収益と売上を時価総額と比較するとどうか。4174 基礎統計学時価総額JP¥2.63b収益（TTM）-JP¥451.99m売上高(TTM)JP¥9.98b0.3xP/Sレシオ-5.8xPER（株価収益率4174 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計4174 損益計算書（TTM）収益JP¥9.98b売上原価JP¥8.38b売上総利益JP¥1.59bその他の費用JP¥2.05b収益-JP¥451.99m直近の収益報告Apr 30, 2026次回決算日Sep 14, 2026一株当たり利益（EPS）-111.70グロス・マージン15.98%純利益率-4.53%有利子負債／自己資本比率121.9%4174 の長期的なパフォーマンスは？過去の実績と比較を見る配当金4.5%現在の配当利回り-433%配当性向4174 配当は確実ですか？4174 配当履歴とベンチマークを見る4174 、いつまでに購入すれば配当金を受け取れますか？Appirits 配当日配当落ち日Jul 30 2026配当支払日Oct 13 2026配当落ちまでの日数40 days配当支払日までの日数115 days4174 配当は確実ですか？4174 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/19 19:43終値2026/06/19 00:00収益2026/04/30年間収益2026/01/31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この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、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。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Appirits 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Michihiro AshiyaMizuho Securities Co., Ltd.Atsushi OhmachiThe Stock Research Center
Reported Earnings • Jun 15First quarter 2027 earnings released: EPS: JP¥0.74 (vs JP¥2.24 loss in 1Q 2026)First quarter 2027 results: EPS: JP¥0.74 (up from JP¥2.24 loss in 1Q 2026). Revenue: JP¥2.50b (flat on 1Q 2026). Net income: JP¥3.00m (up JP¥12.0m from 1Q 2026). Profit margin: 0.1% (up from net loss in 1Q 2026). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.
New Risk • Jun 10New 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 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 60% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (JP¥3.50b market cap, or US$21.8m).
Declared Dividend • May 11Final dividend of JP¥14.50 announcedShareholders will receive a dividend of JP¥14.50. Ex-date: 30th July 2026 Payment date: 13th October 2026 Dividend yield will be 4.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 55% per year over the past 4 years and payments have been stable during that time.
Reported Earnings • Mar 19Full year 2026 earnings released: JP¥115 loss per share (vs JP¥10.96 profit in FY 2025)Full year 2026 results: JP¥115 loss per share (down from JP¥10.96 profit in FY 2025). Revenue: JP¥9.96b (up 11% from FY 2025). Net loss: JP¥465.0m (down JP¥510.0m from profit in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 17Appirits Inc., Annual General Meeting, Apr 28, 2026Appirits Inc., Annual General Meeting, Apr 28, 2026.
Upcoming Dividend • Jan 22Upcoming dividend of JP¥14.00 per shareEligible shareholders must have bought the stock before 29 January 2026. Payment date: 13 April 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.2%).
Reported Earnings • Jun 15First quarter 2027 earnings released: EPS: JP¥0.74 (vs JP¥2.24 loss in 1Q 2026)First quarter 2027 results: EPS: JP¥0.74 (up from JP¥2.24 loss in 1Q 2026). Revenue: JP¥2.50b (flat on 1Q 2026). Net income: JP¥3.00m (up JP¥12.0m from 1Q 2026). Profit margin: 0.1% (up from net loss in 1Q 2026). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance.
New Risk • Jun 10New 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 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 60% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (JP¥3.50b market cap, or US$21.8m).
Declared Dividend • May 11Final dividend of JP¥14.50 announcedShareholders will receive a dividend of JP¥14.50. Ex-date: 30th July 2026 Payment date: 13th October 2026 Dividend yield will be 4.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 55% per year over the past 4 years and payments have been stable during that time.
Reported Earnings • Mar 19Full year 2026 earnings released: JP¥115 loss per share (vs JP¥10.96 profit in FY 2025)Full year 2026 results: JP¥115 loss per share (down from JP¥10.96 profit in FY 2025). Revenue: JP¥9.96b (up 11% from FY 2025). Net loss: JP¥465.0m (down JP¥510.0m from profit in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance.
お知らせ • Mar 17Appirits Inc., Annual General Meeting, Apr 28, 2026Appirits Inc., Annual General Meeting, Apr 28, 2026.
Upcoming Dividend • Jan 22Upcoming dividend of JP¥14.00 per shareEligible shareholders must have bought the stock before 29 January 2026. Payment date: 13 April 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.2%).
分析記事 • Jan 13Appirits (TSE:4174) Is Due To Pay A Dividend Of ¥14.00Appirits Inc.'s ( TSE:4174 ) investors are due to receive a payment of ¥14.00 per share on 13th of April. This will...
分析記事 • Dec 30Appirits (TSE:4174) Will Pay A Dividend Of ¥14.00The board of Appirits Inc. ( TSE:4174 ) has announced that it will pay a dividend of ¥14.00 per share on the 13th of...
お知らせ • Dec 30Appirits Inc. to Report Fiscal Year 2026 Results on Mar 17, 2026Appirits Inc. announced that they will report fiscal year 2026 results on Mar 17, 2026
Reported Earnings • Dec 13Third quarter 2026 earnings released: JP¥21.90 loss per share (vs JP¥9.90 loss in 3Q 2025)Third quarter 2026 results: JP¥21.90 loss per share (further deteriorated from JP¥9.90 loss in 3Q 2025). Revenue: JP¥2.46b (up 10% from 3Q 2025). Net loss: JP¥88.5m (loss widened 117% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance.
分析記事 • Dec 04Appirits' (TSE:4174) Dividend Will Be ¥14.00Appirits Inc. ( TSE:4174 ) will pay a dividend of ¥14.00 on the 13th of April. This will take the dividend yield to an...
お知らせ • Nov 27Appirits Inc. (TSE:4174) completed the acquisition of Bunbu Joint Stock Company from Le Van Nghia, Nguyen Nam Ha and Vu Thi Minh Hoa.Appirits Inc. (TSE:4174) agreed to acquire Bunbu Joint Stock Company from Le Van Nghia, Nguyen Nam Ha and Vu Thi Minh Hoa for VND 35.4 billion on August 29, 2025. As reported, cash consideration of VND 25,634 million will be paid for Bunbu common shares and in addition, an earn-out of up to VND 9,787 million will be paid depending on the performance achievement level from the fiscal year ending December 2026 to the fiscal year ending December 2027. For the period ending December 31, 2024, Bunbu Joint Stock Company reported total revenue of VND 15.51 billion, operating profit of VND 6.36 billion and net profit of VND 6.03 billion. As of December 31, 2024, Bunbu Joint Stock Company reported total assets of VND 23.91 billion and total common equity of VND 22.38 billion. The expected completion of the transaction is November 2025. Appirits Inc. (TSE:4174) completed the acquisition of Bunbu Joint Stock Company from Le Van Nghia, Nguyen Nam Ha and Vu Thi Minh Hoa on November 25, 2025.
分析記事 • Nov 20Appirits (TSE:4174) Will Pay A Dividend Of ¥14.00Appirits Inc.'s ( TSE:4174 ) investors are due to receive a payment of ¥14.00 per share on 13th of April. This will...
分析記事 • Oct 11Appirits (TSE:4174) Has Announced A Dividend Of ¥14.00The board of Appirits Inc. ( TSE:4174 ) has announced that it will pay a dividend of ¥14.00 per share on the 13th of...
Declared Dividend • Oct 11First half dividend of JP¥14.00 announcedShareholders will receive a dividend of JP¥14.00. Ex-date: 29th January 2026 Payment date: 13th April 2026 Dividend yield will be 4.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (343% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 78% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 281% to bring the payout ratio under control. However, EPS has declined by 26% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • Sep 15Second quarter 2026 earnings released: JP¥6.44 loss per share (vs JP¥22.28 loss in 2Q 2025)Second quarter 2026 results: JP¥6.44 loss per share (improved from JP¥22.28 loss in 2Q 2025). Revenue: JP¥2.68b (up 29% from 2Q 2025). Net loss: JP¥26.0m (loss narrowed 72% from 2Q 2025).
分析記事 • Sep 12We Think Appirits (TSE:4174) Can Stay On Top Of Its DebtSome say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
New Risk • Sep 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 22% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Market cap is less than US$100m (JP¥2.93b market cap, or US$19.8m).
Upcoming Dividend • Jul 23Upcoming dividend of JP¥14.00 per shareEligible shareholders must have bought the stock before 30 July 2025. Payment date: 14 October 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.8%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.4%).
分析記事 • Jul 17Appirits' (TSE:4174) Shareholders Will Receive A Bigger Dividend Than Last YearAppirits Inc. ( TSE:4174 ) will increase its dividend from last year's comparable payment on the 14th of October to...
Reported Earnings • Jun 15First quarter 2026 earnings released: JP¥2.24 loss per share (vs JP¥18.42 profit in 1Q 2025)First quarter 2026 results: JP¥2.24 loss per share (down from JP¥18.42 profit in 1Q 2025). Revenue: JP¥2.48b (up 16% from 1Q 2025). Net loss: JP¥9.00m (down 112% from profit in 1Q 2025).
分析記事 • May 08Appirits' (TSE:4174) Shareholders Will Receive A Bigger Dividend Than Last YearAppirits Inc.'s ( TSE:4174 ) dividend will be increasing from last year's payment of the same period to ¥14.00 on 14th...
Declared Dividend • May 08Final dividend of JP¥14.00 announcedShareholders will receive a dividend of JP¥14.00. Ex-date: 30th July 2025 Payment date: 14th October 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 78% per year over the past 3 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. However, EPS has declined by 17% over the last 5 years so the company would need to reverse this trend.
分析記事 • Apr 16Appirits (TSE:4174) Has A Pretty Healthy Balance SheetLegendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥703, the stock trades at a trailing P/E ratio of 61.4x. Average trailing P/E is 15x in the IT industry in Japan. Total loss to shareholders of 43% over the past three years.
Reported Earnings • Mar 18Full year 2025 earnings released: EPS: JP¥10.96 (vs JP¥94.25 in FY 2024)Full year 2025 results: EPS: JP¥10.96 (down from JP¥94.25 in FY 2024). Revenue: JP¥9.01b (up 6.9% from FY 2024). Net income: JP¥45.0m (down 88% from FY 2024). Profit margin: 0.5% (down from 4.6% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year.
お知らせ • Mar 17Appirits Inc., Annual General Meeting, Apr 25, 2025Appirits Inc., Annual General Meeting, Apr 25, 2025.
Upcoming Dividend • Jan 23Upcoming dividend of JP¥8.00 per shareEligible shareholders must have bought the stock before 30 January 2025. Payment date: 11 April 2025. The company is paying out more than 100% of its profits and is paying out 90% of its cash flow. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).
分析記事 • Jan 17Appirits (TSE:4174) Is Due To Pay A Dividend Of ¥8.00Appirits Inc. ( TSE:4174 ) has announced that it will pay a dividend of ¥8.00 per share on the 11th of April. This will...
お知らせ • Jan 17+ 2 more updatesAppirits Inc. to Report Q3, 2026 Results on Dec 12, 2025Appirits Inc. announced that they will report Q3, 2026 results on Dec 12, 2025
分析記事 • Jan 03Appirits (TSE:4174) Has Announced A Dividend Of ¥8.00Appirits Inc.'s ( TSE:4174 ) investors are due to receive a payment of ¥8.00 per share on 11th of April. This will take...
お知らせ • Jan 03Appirits Inc. to Report Fiscal Year 2025 Results on Mar 17, 2025Appirits Inc. announced that they will report fiscal year 2025 results on Mar 17, 2025
Reported Earnings • Dec 15Third quarter 2025 earnings released: JP¥9.94 loss per share (vs JP¥29.24 profit in 3Q 2024)Third quarter 2025 results: JP¥9.94 loss per share (down from JP¥29.24 profit in 3Q 2024). Revenue: JP¥2.23b (up 2.4% from 3Q 2024). Net loss: JP¥41.0m (down 134% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 12% per year.
New Risk • Nov 07New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (92% cash payout ratio). Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (JP¥2.97b market cap, or US$19.2m).
お知らせ • Oct 17Appirits Inc. (TSE:4174) announces an Equity Buyback for 150,000 shares, representing 3.63% for ¥180 million.Appirits Inc. (TSE:4174) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 3.63% of its share capital, for ¥180 million. The purpose of program is to enhancing shareholder returns. The program will expire on January 31, 2025. As of July 31, 2024, the company had 4,128,762 shares outstanding (excluding treasury shares) and 0 shares in treasury.
分析記事 • Oct 14Appirits' (TSE:4174) Dividend Will Be ¥8.00The board of Appirits Inc. ( TSE:4174 ) has announced that it will pay a dividend of ¥8.00 per share on the 11th of...
Declared Dividend • Oct 12First half dividend of JP¥8.00 announcedShareholders will receive a dividend of JP¥8.00. Ex-date: 30th January 2025 Payment date: 11th April 2025 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but not adequately covered by cash flows (92% cash payout ratio). The dividend has increased by an average of 79% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 13% 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 02Appirits Inc. (TSE:4174) agreed to acquire Quail, Inc.Appirits Inc. (TSE:4174) agreed to acquire Quail, Inc. on September 30, 2024.
分析記事 • Sep 30Appirits' (TSE:4174) Dividend Will Be ¥8.00The board of Appirits Inc. ( TSE:4174 ) has announced that it will pay a dividend of ¥8.00 per share on the 11th of...
お知らせ • Sep 28Appirits Inc. to Report Q3, 2025 Results on Dec 13, 2024Appirits Inc. announced that they will report Q3, 2025 results on Dec 13, 2024
New Risk • Sep 17New 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 Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥2.98b market cap, or US$21.2m).
分析記事 • Sep 16Appirits (TSE:4174) Has Announced A Dividend Of ¥8.00The board of Appirits Inc. ( TSE:4174 ) has announced that it will pay a dividend of ¥8.00 per share on the 11th of...
Declared Dividend • Sep 15Dividend of JP¥8.00 announcedShareholders will receive a dividend of JP¥8.00. Ex-date: 30th January 2025 Payment date: 11th April 2025 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 (12% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 79% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 28% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Sep 10Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥740, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 7.0% over the past three years.
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (JP¥2.97b market cap, or US$20.9m).
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to JP¥720, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 6.2% over the past three years.
Upcoming Dividend • Jul 23Upcoming dividend of JP¥8.00 per shareEligible shareholders must have bought the stock before 30 July 2024. Payment date: 15 October 2024. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (1.5%).
分析記事 • Jul 22Appirits (TSE:4174) Will Pay A Larger Dividend Than Last Year At ¥8.00Appirits Inc. ( TSE:4174 ) has announced that it will be increasing its dividend from last year's comparable payment on...
お知らせ • Jun 30Appirits Inc. to Report Q2, 2025 Results on Sep 13, 2024Appirits Inc. announced that they will report Q2, 2025 results on Sep 13, 2024
分析記事 • Jun 24Appirits (TSE:4174) Is Increasing Its Dividend To ¥8.00The board of Appirits Inc. ( TSE:4174 ) has announced that it will be paying its dividend of ¥8.00 on the 15th of...
Reported Earnings • Jun 16First quarter 2025 earnings released: EPS: JP¥18.42 (vs JP¥15.18 in 1Q 2024)First quarter 2025 results: EPS: JP¥18.42 (up from JP¥15.18 in 1Q 2024). Revenue: JP¥2.14b (up 6.2% from 1Q 2024). Net income: JP¥76.0m (up 23% from 1Q 2024). Profit margin: 3.6% (up from 3.1% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the IT industry in Japan.
お知らせ • Jun 13+ 1 more updateAppirits Inc. Declares Dividend for the Fiscal Year Ending January 31, 2024, Payable on April 11, 2024; Provides Dividend Guidance for Second Quarter and Fiscal Year Ending January 31, 2025Appirits Inc. declared dividend of JPY 6.00 per share for the Fiscal year ending January 31, 2024 as compared to JPY 5.00 per share paid a year ago. Scheduled date for commencing dividend payments: April 11, 2024.The company also provided dividend guidance for second quarter and fiscal year ending January 31, 2025, For the second quarter, the company provided dividend guidance of JPY 8.00 as compared to JPY 6.00 per share paid a year ago.For the full year, the company provided dividend guidance of JPY 8.00 as compared to JPY 6.00 per share paid a year ago.
分析記事 • Jun 09Appirits (TSE:4174) Is Paying Out A Larger Dividend Than Last YearAppirits Inc.'s ( TSE:4174 ) dividend will be increasing from last year's payment of the same period to ¥8.00 on 15th...
分析記事 • May 26Appirits' (TSE:4174) Shareholders Will Receive A Bigger Dividend Than Last YearAppirits Inc. ( TSE:4174 ) will increase its dividend from last year's comparable payment on the 15th of October to...
Declared Dividend • May 25Final dividend of JP¥8.00 announcedShareholders will receive a dividend of JP¥8.00. Ex-date: 30th July 2024 Payment date: 15th October 2024 Dividend yield will be 1.3%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 79% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 40% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 31Appirits Inc. to Report Q1, 2025 Results on Jun 14, 2024Appirits Inc. announced that they will report Q1, 2025 results on Jun 14, 2024
New Risk • Mar 28New 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 8.4% 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 Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risk Market cap is less than US$100m (JP¥5.20b market cap, or US$34.4m).
お知らせ • Mar 18Appirits Inc., Annual General Meeting, Apr 25, 2024Appirits Inc., Annual General Meeting, Apr 25, 2024.
Reported Earnings • Mar 17Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: JP¥94.25 (up from JP¥52.17 in FY 2023). Revenue: JP¥8.43b (up 15% from FY 2023). Net income: JP¥386.0m (up 84% from FY 2023). Profit margin: 4.6% (up from 2.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.5%. Earnings per share (EPS) exceeded analyst estimates by 6.7%. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the IT industry in Japan.
分析記事 • Feb 29A Look At The Fair Value Of Appirits Inc. (TSE:4174)Key Insights The projected fair value for Appirits is JP¥1,548 based on 2 Stage Free Cash Flow to Equity Appirits...
Buy Or Sell Opportunity • Feb 21Now 20% undervaluedOver the last 90 days, the stock has risen 15% to JP¥1,230. The fair value is estimated to be JP¥1,547, however this is not to be taken as a buy 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 64%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 68% in the next 2 years.
Upcoming Dividend • Jan 23Upcoming dividend of JP¥6.00 per share at 1.0% yieldEligible shareholders must have bought the stock before 30 January 2024. Payment date: 15 April 2024. Payout ratio is a comfortable 6.6% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.4%).
Valuation Update With 7 Day Price Move • Jan 22Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥1,253, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 2.6% over the past year.
New Risk • Jan 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (JP¥4.73b market cap, or US$32.0m).
お知らせ • Dec 29Appirits Inc. to Report Fiscal Year 2024 Results on Mar 15, 2024Appirits Inc. announced that they will report fiscal year 2024 results on Mar 15, 2024
Reported Earnings • Dec 16Third quarter 2024 earnings released: EPS: JP¥29.24 (vs JP¥9.62 in 3Q 2023)Third quarter 2024 results: EPS: JP¥29.24 (up from JP¥9.62 in 3Q 2023). Revenue: JP¥2.18b (up 5.8% from 3Q 2023). Net income: JP¥120.0m (up 208% from 3Q 2023). Profit margin: 5.5% (up from 1.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the IT industry in Japan.
お知らせ • Dec 01Appirits Inc. Provides Earnings Guidance for the Full Year Ending January 31, 2024Appirits Inc. provided earnings guidance for the Full year ending January 31, 2024. For the year, the company expects total revenue of JPY 8,734 million, Operating profit of JPY 550 million, Profit attributable to owners of parent JPY 327 million, Basic earnings per share of JPY 81.32.
New Risk • Oct 21New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% 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 Less than 3 years of financial data is available. Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (JP¥4.18b market cap, or US$27.9m).
Reported Earnings • Sep 16Second quarter 2024 earnings releasedSecond quarter 2024 results: EPS: JP¥21.71. Net income: JP¥89.0m (up JP¥89.0m from 2Q 2023). Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the IT industry in Japan.
お知らせ • Sep 16Appirits Inc. (TSE:4174) announces an Equity Buyback for 50,000 shares, representing 1.2% for ¥80 million.Appirits Inc. (TSE:4174) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 1.20% of its share capital, for ¥80 million. The company will repurchase its shares in order to utilize treasury stock for M&A, etc., as well as for the 30% total return ratio set forth in his dividend policy.. The program will expire on March 15, 2024. As of July 31, 2023, the company had 4,151,400 shares outstanding (excluding treasury shares) and 50,038 shares in treasury.
お知らせ • Jul 29+ 1 more updateAppirits Inc. to Report Q2, 2024 Results on Sep 14, 2023Appirits Inc. announced that they will report Q2, 2024 results on Sep 14, 2023
Upcoming Dividend • Jul 21Upcoming dividend of JP¥6.00 per share at 1.1% yieldEligible shareholders must have bought the stock before 28 July 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.6%).
Reported Earnings • Jun 16First quarter 2024 earnings releasedFirst quarter 2024 results: EPS: JP¥15.18. Net income: JP¥62.0m (up JP¥62.0m from 1Q 2023). Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the IT industry in Japan.
New Risk • Jun 15New 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 8.2% 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 Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (JP¥4.47b market cap, or US$32.0m).
Reported Earnings • May 03Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: JP¥52.17 (up from JP¥28.32 in FY 2022). Revenue: JP¥7.32b (up 53% from FY 2022). Net income: JP¥210.0m (up 93% from FY 2022). Profit margin: 2.9% (up from 2.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the IT industry in Japan.
Valuation Update With 7 Day Price Move • Mar 24Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥969, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 17x in the IT industry in Japan. Negligible returns to shareholders over past year.
お知らせ • Jan 28Appirits Inc. to Report Fiscal Year 2023 Results on Mar 17, 2023Appirits Inc. announced that they will report fiscal year 2023 results on Mar 17, 2023
Upcoming Dividend • Jan 23Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 30 January 2023. Payment date: 12 April 2023. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%).
Valuation Update With 7 Day Price Move • Dec 20Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to JP¥1,116, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 87% over the past year.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Outside Director Kenichi Kitou was the last independent director to join the board, commencing their role in 2004. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Buying Opportunity • Oct 21Now 20% undervaluedOver the last 90 days, the stock is up 18%. The fair value is estimated to be JP¥1,571, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
お知らせ • Oct 05Appirits Inc. to Report Q3, 2023 Results on Dec 15, 2022Appirits Inc. announced that they will report Q3, 2023 results on Dec 15, 2022
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to JP¥1,011, the stock trades at a trailing P/E ratio of 37.7x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 25% over the past year.
お知らせ • Sep 14Appirits Inc. (TSE:4174) announces an Equity Buyback for 50,000 shares, representing 1.23% for ¥70 million.Appirits Inc. (TSE:4174) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 1.23% of its share capital, for ¥70 million. The company will repurchase its shares in order to obtain a positive commitment to improving the corporate value of the Company by utilizing treasury stock for M&A, etc. and for stock compensation for officers and employees of the Group. The program will expire on March 13, 2023. As of July 31, 2022, the company had 4,068,900 shares outstanding (excluding treasury shares) and no shares in treasury.
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 18% share price gain to JP¥1,165, the stock trades at a trailing P/E ratio of 43.5x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 48% over the past year.
Valuation Update With 7 Day Price Move • Aug 17Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥1,028, the stock trades at a trailing P/E ratio of 37.6x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 50% over the past year.
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥1,068, the stock trades at a trailing P/E ratio of 39x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 17% over the past year.
お知らせ • Jul 02Appirits Inc. to Report Q2, 2023 Results on Sep 14, 2022Appirits Inc. announced that they will report Q2, 2023 results on Sep 14, 2022
Valuation Update With 7 Day Price Move • Jun 15Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to JP¥1,010, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 7.5% over the past year.
Valuation Update With 7 Day Price Move • May 18Investor sentiment improved over the past weekAfter last week's 21% share price gain to JP¥1,206, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 12% over the past 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. 3 highly experienced directors. 1 independent director (3 non-independent directors). Independent Outside Director Kenichi Kitou was the last independent director to join the board, commencing their role in 2004. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 08Appirits Inc. to Report Fiscal Year 2022 Results on Apr 26, 2022Appirits Inc. announced that they will report fiscal year 2022 results on Apr 26, 2022
Reported Earnings • Mar 18Full year 2022 earnings: Revenues and EPS in line with analyst expectationsFull year 2022 results: EPS: JP¥28.32 (down from JP¥117 in FY 2021). Revenue: JP¥4.80b (up 23% from FY 2021). Net income: JP¥109.0m (down 13% from FY 2021). Profit margin: 2.3% (down from 3.2% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates.
Valuation Update With 7 Day Price Move • Mar 16Investor sentiment improved over the past weekAfter last week's 23% share price gain to JP¥935, the stock trades at a trailing P/E ratio of 41x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 34% over the past year.
