View ValuationVario Secure 将来の成長Future 基準チェック /06現在、 Vario Secure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11.0%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お知らせ • Apr 23Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2026Vario Secure Inc. Provided Non-Consolidated earnings guidance for the fiscal year ending February 28, 2026. For the period, the company expects revenue of JPY 2,972 million, operating profit of JPY 590 million, profit of JPY 399 million and basic earnings per share of JPY 88.45.お知らせ • Jul 12Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2025Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 28, 2025. For the year, the company expects revenue of JPY 2,753 million, operating profit of JPY 485 million, profit of JPY 336 million and basic earnings per share of JPY 74.47.お知らせ • Apr 12Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expected revenue of JPY 2,753 million, operating profit of JPY 485 million, profit of JPY 336 million and basic earnings per share of JPY 74.47.お知らせ • Oct 12+ 1 more updateVario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expects revenue of JPY 2,685 million, operating profit of JPY 456 million, profit of JPY 308 million and basic earnings per share of JPY 68.30.お知らせ • Jul 13+ 1 more updateVario Secure Inc. Provides Non-consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Vario Secure Inc. provided Non-consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expects net sales of JPY 2,685 million, operating profit of JPY 456 million, profit of JPY 308 million and basic earnings per share of JPY 68.30.お知らせ • Jan 12+ 1 more updateVario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2023Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 28, 2023. For the year, the company expects revenue of JPY 2,650 million, operating profit of JPY 785 million, profit of JPY 525 million and basic earnings per share of JPY 128.01.すべての更新を表示Recent updatesBoard Change • 1hLess than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Outside Independent Director Motoi Moriwaki was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 15HEROZ, Inc. (TSE:4382) executed a share exchange agreement to acquire remaining 57.20% stake in Vario Secure Inc. (TSE:4494) from group of shareholders for ¥2.2 billion.HEROZ, Inc. (TSE:4382) executed a share exchange agreement to acquire remaining 57.20% stake in Vario Secure Inc. (TSE:4494) from group of shareholders for ¥2.2 billion on April 14, 2026. Upon completion, HEROZ, Inc. will own 100% stake in Vario Secure Inc. 0.99 HEROZ Common Shares will be allotted and delivered for each one (1) Variosecure Common Share. However, no allotment of shares through the Share Exchange will be made with respect to the Variosecure Common Shares held by HEROZ. Variosecure Common Shares are expected to be delisted from the Standard Market of the Tokyo Stock Exchange on June 26, 2026, in accordance with the delisting criteria of the Standard Market of the Tokyo Stock Exchange. Establishment of a Special Committee Comprising Members with No Conflicts of Interest and Obtaining of a Written Report at Variosecure. The transaction is subject to approval of merger agreement by target board and approval of offer by acquirer board. The deal has been approved by the board. The expected completion of the transaction is June 30, 2026. Maxus Corporate Advisory acted as fairness opinion provider to Variosecure, Mori Hamada & Matsumoto acted as legal advisor to HEROZ, Anderson Mori & Tomotsune acted as legal advisor to Variosecure,お知らせ • Apr 14Vario Secure Inc., Annual General Meeting, May 27, 2026Vario Secure Inc., Annual General Meeting, May 27, 2026.Buy Or Sell Opportunity • Apr 14Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at JP¥775. The fair value is estimated to be JP¥638, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.お知らせ • Apr 02Vario Secure Inc. to Report Fiscal Year 2026 Results on Apr 08, 2026Vario Secure Inc. announced that they will report fiscal year 2026 results on Apr 08, 2026Buy Or Sell Opportunity • Feb 27Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at JP¥769. The fair value is estimated to be JP¥640, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.New Risk • Jan 27New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended May 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported May 2025 fiscal period end). Market cap is less than US$100m (JP¥3.48b market cap, or US$22.6m).分析記事 • Jan 09Vario Secure (TSE:4494) Will Be Hoping To Turn Its Returns On Capital AroundIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we...Buy Or Sell Opportunity • Dec 29Now 20% overvaluedOver the last 90 days, the stock has fallen 14% to JP¥743. The fair value is estimated to be JP¥619, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.Buy Or Sell Opportunity • Dec 08Now 22% overvaluedOver the last 90 days, the stock has fallen 1.9% to JP¥764. The fair value is estimated to be JP¥624, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.お知らせ • Nov 01Vario Secure Inc. to Report Q3, 2026 Results on Jan 09, 2026Vario Secure Inc. announced that they will report Q3, 2026 results on Jan 09, 2026New Risk • Sep 25New 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 Risk Earnings have declined by 12% 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¥4.20b market cap, or US$28.2m).分析記事 • Sep 18Vario Secure (TSE:4494) Has Some Difficulty Using Its Capital EffectivelyWhen it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...お知らせ • Aug 01Vario Secure Inc. to Report Q2, 2026 Results on Oct 10, 2025Vario Secure Inc. announced that they will report Q2, 2026 results on Oct 10, 2025Buy Or Sell Opportunity • Jul 31Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 8.3% to JP¥770. The fair value is estimated to be JP¥641, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.お知らせ • May 10Vario Secure Inc. to Report Q1, 2026 Results on Jul 11, 2025Vario Secure Inc. announced that they will report Q1, 2026 results on Jul 11, 2025分析記事 • May 07Vario Secure Inc. (TSE:4494) Shares Fly 31% But Investors Aren't Buying For GrowthVario Secure Inc. ( TSE:4494 ) shareholders have had their patience rewarded with a 31% share price jump in the last...お知らせ • Apr 23Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2026Vario Secure Inc. Provided Non-Consolidated earnings guidance for the fiscal year ending February 28, 2026. For the period, the company expects revenue of JPY 2,972 million, operating profit of JPY 590 million, profit of JPY 399 million and basic earnings per share of JPY 88.45.お知らせ • Apr 10Vario Secure Inc., Annual General Meeting, May 27, 2025Vario Secure Inc., Annual General Meeting, May 27, 2025.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥543, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 15x in the IT industry in Japan. Total loss to shareholders of 53% over the past three years.Buy Or Sell Opportunity • Mar 25Now 25% undervaluedOver the last 90 days, the stock has risen 30% to JP¥701. The fair value is estimated to be JP¥937, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 26%.Valuation Update With 7 Day Price Move • Mar 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥750, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 36% over the past three years.分析記事 • Mar 13Vario Secure Inc.'s (TSE:4494) Price Is Right But Growth Is LackingVario Secure Inc.'s ( TSE:4494 ) price-to-earnings (or "P/E") ratio of 9.8x might make it look like a buy right now...New Risk • Mar 13New 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (JP¥3.14b market cap, or US$21.2m).お知らせ • Feb 03Vario Secure Inc. to Report Fiscal Year 2025 Results on Apr 10, 2025Vario Secure Inc. announced that they will report fiscal year 2025 results on Apr 10, 2025お知らせ • Nov 30Vario Secure Inc. to Report Q3, 2025 Results on Jan 10, 2025Vario Secure Inc. announced that they will report Q3, 2025 results on Jan 10, 2025Valuation Update With 7 Day Price Move • Aug 22Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥736, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 41% over the past three years.分析記事 • Aug 21Vario Secure (TSE:4494) Will Be Hoping To Turn Its Returns On Capital AroundIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Typically...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥541, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 57% over the past three years.Buy Or Sell Opportunity • Aug 05Now 27% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to JP¥541. The fair value is estimated to be JP¥742, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 22%.お知らせ • Aug 02Vario Secure Inc. to Report Q2, 2025 Results on Oct 11, 2024Vario Secure Inc. announced that they will report Q2, 2025 results on Oct 11, 2024Reported Earnings • Jul 18First quarter 2025 earnings released: EPS: JP¥22.34 (vs JP¥21.77 in 1Q 2024)First quarter 2025 results: EPS: JP¥22.34 (up from JP¥21.77 in 1Q 2024). Revenue: JP¥673.5m (up 4.6% from 1Q 2024). Net income: JP¥100.9m (up 2.7% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year and the company’s share price has also fallen by 22% per year.お知らせ • Jul 12Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2025Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 28, 2025. For the year, the company expects revenue of JPY 2,753 million, operating profit of JPY 485 million, profit of JPY 336 million and basic earnings per share of JPY 74.47.お知らせ • May 29Vario Secure Inc. to Report Q1, 2025 Results on Jul 10, 2024Vario Secure Inc. announced that they will report Q1, 2025 results on Jul 10, 2024お知らせ • Apr 12Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expected revenue of JPY 2,753 million, operating profit of JPY 485 million, profit of JPY 336 million and basic earnings per share of JPY 74.47.お知らせ • Feb 08Vario Secure Inc. to Report Fiscal Year 2024 Results on Apr 10, 2024Vario Secure Inc. announced that they will report fiscal year 2024 results on Apr 10, 2024Buying Opportunity • Jan 12Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥839, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 45%.Buying Opportunity • Dec 13Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be JP¥857, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 16%.お知らせ • Nov 02Vario Secure Inc. to Report Q3, 2024 Results on Jan 11, 2024Vario Secure Inc. announced that they will report Q3, 2024 results on Jan 11, 2024Buying Opportunity • Oct 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be JP¥921, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 16%.Reported Earnings • Oct 15Second quarter 2024 earnings released: EPS: JP¥20.44 (vs JP¥31.28 in 2Q 2023)Second quarter 2024 results: EPS: JP¥20.44 (down from JP¥31.28 in 2Q 2023). Revenue: JP¥662.2m (flat on 2Q 2023). Net income: JP¥92.3m (down 22% from 2Q 2023). Profit margin: 14% (down from 18% in 2Q 2023).お知らせ • Oct 12+ 1 more updateVario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expects revenue of JPY 2,685 million, operating profit of JPY 456 million, profit of JPY 308 million and basic earnings per share of JPY 68.30.Buying Opportunity • Oct 04Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be JP¥921, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 38%.お知らせ • Aug 25Vario Secure Inc. to Report Q2, 2024 Results on Oct 10, 2023Vario Secure Inc. announced that they will report Q2, 2024 results on Oct 10, 2023New Risk • Jul 14New major risk - Revenue and earnings growthEarnings have declined by 5.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.5% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (14% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (JP¥3.96b market cap, or US$28.6m).Reported Earnings • Jul 14First quarter 2024 earnings released: EPS: JP¥21.77 (vs JP¥33.29 in 1Q 2023)First quarter 2024 results: EPS: JP¥21.77 (down from JP¥33.29 in 1Q 2023). Revenue: JP¥643.8m (down 3.9% from 1Q 2023). Net income: JP¥98.3m (down 22% from 1Q 2023). Profit margin: 15% (down from 19% in 1Q 2023).お知らせ • Jul 13+ 1 more updateVario Secure Inc. Provides Non-consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Vario Secure Inc. provided Non-consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expects net sales of JPY 2,685 million, operating profit of JPY 456 million, profit of JPY 308 million and basic earnings per share of JPY 68.30.お知らせ • May 28Vario Secure Inc. to Report Q1, 2024 Results on Jul 11, 2023Vario Secure Inc. announced that they will report Q1, 2024 results on Jul 11, 2023Reported Earnings • Apr 15Full year 2023 earnings released: EPS: JP¥93.41 (vs JP¥132 in FY 2022)Full year 2023 results: EPS: JP¥93.41 (down from JP¥132 in FY 2022). Revenue: JP¥2.63b (up 2.6% from FY 2022). Net income: JP¥383.3m (down 23% from FY 2022). Profit margin: 15% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Apr 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥923, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 20% over the past year.Upcoming Dividend • Feb 20Upcoming dividend of JP¥40.50 per share at 3.6% yieldEligible shareholders must have bought the stock before 27 February 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).お知らせ • Feb 18Vario Secure Inc. to Report Fiscal Year 2023 Results on Apr 12, 2023Vario Secure Inc. announced that they will report fiscal year 2023 results on Apr 12, 2023Reported Earnings • Jan 13Third quarter 2023 earnings released: EPS: JP¥29.09 (vs JP¥32.82 in 3Q 2022)Third quarter 2023 results: EPS: JP¥29.09. Revenue: JP¥647.6m (up 1.2% from 3Q 2022). Net income: JP¥125.3m (flat on 3Q 2022). Profit margin: 19% (in line with 3Q 2022).お知らせ • Jan 12+ 1 more updateVario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2023Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 28, 2023. For the year, the company expects revenue of JPY 2,650 million, operating profit of JPY 785 million, profit of JPY 525 million and basic earnings per share of JPY 128.01.お知らせ • Nov 20Vario Secure Inc. to Report Q3, 2023 Results on Jan 10, 2023Vario Secure Inc. announced that they will report Q3, 2023 results on Jan 10, 2023Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Oct 13Second quarter 2023 earnings released: EPS: JP¥31.27 (vs JP¥30.49 in 2Q 2022)Second quarter 2023 results: EPS: JP¥31.27 (up from JP¥30.49 in 2Q 2022). Revenue: JP¥667.1m (up 4.9% from 2Q 2022). Net income: JP¥118.9m (up 3.1% from 2Q 2022). Profit margin: 18% (in line with 2Q 2022).お知らせ • Oct 12+ 1 more updateVario Secure Inc. Provides Dividend Guidance for the Full Year Ending February 28, 2023Vario Secure Inc. provided dividend guidance for the full year ending February 28, 2023. For the year, the company expects to pay JPY 40.50 against JPY 40.50 a year ago.お知らせ • Sep 28Vario Secure Inc. announced that it has received ¥836.38 million in funding from HEROZ, Inc.On September 27, 2022, Vario Secure Inc. closed the transaction.お知らせ • Sep 10Vario Secure Inc. announced that it expects to receive ¥836.38 million in funding from HEROZ, Inc.Vario Secure Inc announced that it will issue 710,000 shares at an issue price of ¥1,178 per share for an aggregate gross proceeds of ¥836,380,000 on September 9, 2022. The transaction will iclude participation from HEROZ, Inc.. The transaction is expected to close from September 27, 2022 to September 29, 2022. The company issue shares through third-party allotment. The transaction has been approved by the board of the directors of the company.お知らせ • Jul 31Vario Secure Inc. to Report Q2, 2023 Results on Oct 07, 2022Vario Secure Inc. announced that they will report Q2, 2023 results on Oct 07, 2022Reported Earnings • Jul 19First quarter 2023 earnings released: EPS: JP¥33.29 (vs JP¥31.37 in 1Q 2022)First quarter 2023 results: EPS: JP¥33.29 (up from JP¥31.37 in 1Q 2022). Revenue: JP¥670.1m (up 3.4% from 1Q 2022). Net income: JP¥126.5m (up 7.0% from 1Q 2022). Profit margin: 19% (in line with 1Q 2022).お知らせ • Jul 15+ 1 more updateVario Secure Inc. Provides Dividend Guidance for the Full Year Ending February 28, 2023Vario Secure Inc. provided dividend guidance for the full year ending February 28, 2023. For the year, the company expects to pay JPY 40.50 against JPY 40.44 a year ago.Buying Opportunity • Jul 12Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 8.0%. The fair value is estimated to be JP¥1,449, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Buying Opportunity • Jun 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 6.5%. The fair value is estimated to be JP¥1,437, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Buying Opportunity • Jun 07Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,430, however this is not to be taken as a buy recommendation but rather should be used as a guide only.お知らせ • May 25Vario Secure Inc. to Report Q1, 2023 Results on Jul 11, 2022Vario Secure Inc. announced that they will report Q1, 2023 results on Jul 11, 2022Buying Opportunity • May 19Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.7%. The fair value is estimated to be JP¥1,438, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Buying Opportunity • Apr 30Now 20% undervaluedOver the last 90 days, the stock is up 1.6%. The fair value is estimated to be JP¥1,419, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.お知らせ • Apr 18+ 1 more updateVarioSecure Inc. Declares Dividend for the Year Ended February 28, 2022, Payable on May 26, 2022; Provides Dividend Guidance for the Full Year Ending February 28, 2023VarioSecure Inc. declares dividend of JPY 40.44 against JPY 39.44 a year ago for the year ended February 28, 2022, payable on May 26, 2022.For the full year ending February 28, 2023, the company expects to pay JPY 40.50 against JPY 40.44 declared for the current year.お知らせ • Apr 15Vario Secure Inc., Annual General Meeting, May 25, 2022Vario Secure Inc., Annual General Meeting, May 25, 2022.Upcoming Dividend • Feb 18Upcoming dividend of JP¥40.44 per shareEligible shareholders must have bought the stock before 25 February 2022. Payment date: 31 May 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%).お知らせ • Feb 17Vario Secure Inc. to Report Fiscal Year 2021 Results on Apr 13, 2022Vario Secure Inc. announced that they will report fiscal year 2021 results on Apr 13, 2022お知らせ • Jan 14Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2022Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 28, 2022. For the year, the company expects revenue of JPY 2,649 million, operating profit of JPY 782 million, profit of JPY 507 million and basic earnings per share of JPY 134.79.Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 22% share price gain to JP¥1,642, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 23x in the IT industry in Japan.お知らせ • Apr 27+ 1 more updateVarioSecure Inc. Declares Dividend for the Year Ended February 28, 2021, Payable on May 31, 2021; Provides Dividend Guidance for the Full Year Ending February 28, 2022VarioSecure Inc. declares dividend of JPY 39.44 against nil for the year ended February 28, 2021, payable on May 31, 2021. For the full year ending February 28, 2022, the company expects to pay JPY 40.44 against JPY 39.44 paid a year ago.お知らせ • Jan 07VarioSecure Inc. to Report Q3, 2021 Results on Jan 12, 2021VarioSecure Inc. announced that they will report Q3, 2021 results on Jan 12, 2021お知らせ • Dec 01VarioSecure Inc. has completed an IPO in the amount of ¥5.32125 billion.VarioSecure Inc. has completed an IPO in the amount of ¥5.32125 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 2,365,000 Price\Range: ¥2250 Discount Per Security: ¥157.5 Transaction Features: Sponsor Backed Offering 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、Vario Secure 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:4494 - 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5/31/20252,700347297433N/A2/28/20252,668342236360N/A11/30/20242,673320328465N/A8/31/20242,689340277419N/A5/31/20242,670350260423N/A2/29/20242,640348241415N/A11/30/20232,624301322490N/A8/31/20232,603329331497N/A5/31/20232,608355368514N/A2/28/20232,634383384522N/A11/30/20222,628513333469N/A8/31/20222,620512330448N/A5/31/20222,589509393505N/A2/28/20222,567500382490N/A11/30/20212,561464440543N/A8/31/20212,566451442551N/A5/31/20212,565472483595N/A2/28/20212,545492412524N/A2/29/20202,513498850964N/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: 4494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: 4494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: 4494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: 4494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: 4494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: 4494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2026/05/12 18:10終値2026/05/12 00:00収益2025/05/31年間収益2025/02/28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Vario Secure 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Toshiyuki MizunoueIchiyoshi Research Institute Inc.Toshinori KatsukiNomura Securities Co. Ltd.
お知らせ • Apr 23Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2026Vario Secure Inc. Provided Non-Consolidated earnings guidance for the fiscal year ending February 28, 2026. For the period, the company expects revenue of JPY 2,972 million, operating profit of JPY 590 million, profit of JPY 399 million and basic earnings per share of JPY 88.45.
お知らせ • Jul 12Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2025Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 28, 2025. For the year, the company expects revenue of JPY 2,753 million, operating profit of JPY 485 million, profit of JPY 336 million and basic earnings per share of JPY 74.47.
お知らせ • Apr 12Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expected revenue of JPY 2,753 million, operating profit of JPY 485 million, profit of JPY 336 million and basic earnings per share of JPY 74.47.
お知らせ • Oct 12+ 1 more updateVario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expects revenue of JPY 2,685 million, operating profit of JPY 456 million, profit of JPY 308 million and basic earnings per share of JPY 68.30.
お知らせ • Jul 13+ 1 more updateVario Secure Inc. Provides Non-consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Vario Secure Inc. provided Non-consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expects net sales of JPY 2,685 million, operating profit of JPY 456 million, profit of JPY 308 million and basic earnings per share of JPY 68.30.
お知らせ • Jan 12+ 1 more updateVario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2023Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 28, 2023. For the year, the company expects revenue of JPY 2,650 million, operating profit of JPY 785 million, profit of JPY 525 million and basic earnings per share of JPY 128.01.
Board Change • 1hLess than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Outside Independent Director Motoi Moriwaki was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 15HEROZ, Inc. (TSE:4382) executed a share exchange agreement to acquire remaining 57.20% stake in Vario Secure Inc. (TSE:4494) from group of shareholders for ¥2.2 billion.HEROZ, Inc. (TSE:4382) executed a share exchange agreement to acquire remaining 57.20% stake in Vario Secure Inc. (TSE:4494) from group of shareholders for ¥2.2 billion on April 14, 2026. Upon completion, HEROZ, Inc. will own 100% stake in Vario Secure Inc. 0.99 HEROZ Common Shares will be allotted and delivered for each one (1) Variosecure Common Share. However, no allotment of shares through the Share Exchange will be made with respect to the Variosecure Common Shares held by HEROZ. Variosecure Common Shares are expected to be delisted from the Standard Market of the Tokyo Stock Exchange on June 26, 2026, in accordance with the delisting criteria of the Standard Market of the Tokyo Stock Exchange. Establishment of a Special Committee Comprising Members with No Conflicts of Interest and Obtaining of a Written Report at Variosecure. The transaction is subject to approval of merger agreement by target board and approval of offer by acquirer board. The deal has been approved by the board. The expected completion of the transaction is June 30, 2026. Maxus Corporate Advisory acted as fairness opinion provider to Variosecure, Mori Hamada & Matsumoto acted as legal advisor to HEROZ, Anderson Mori & Tomotsune acted as legal advisor to Variosecure,
お知らせ • Apr 14Vario Secure Inc., Annual General Meeting, May 27, 2026Vario Secure Inc., Annual General Meeting, May 27, 2026.
Buy Or Sell Opportunity • Apr 14Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at JP¥775. The fair value is estimated to be JP¥638, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.
お知らせ • Apr 02Vario Secure Inc. to Report Fiscal Year 2026 Results on Apr 08, 2026Vario Secure Inc. announced that they will report fiscal year 2026 results on Apr 08, 2026
Buy Or Sell Opportunity • Feb 27Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at JP¥769. The fair value is estimated to be JP¥640, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.
New Risk • Jan 27New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended May 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported May 2025 fiscal period end). Market cap is less than US$100m (JP¥3.48b market cap, or US$22.6m).
分析記事 • Jan 09Vario Secure (TSE:4494) Will Be Hoping To Turn Its Returns On Capital AroundIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we...
Buy Or Sell Opportunity • Dec 29Now 20% overvaluedOver the last 90 days, the stock has fallen 14% to JP¥743. The fair value is estimated to be JP¥619, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.
Buy Or Sell Opportunity • Dec 08Now 22% overvaluedOver the last 90 days, the stock has fallen 1.9% to JP¥764. The fair value is estimated to be JP¥624, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.
お知らせ • Nov 01Vario Secure Inc. to Report Q3, 2026 Results on Jan 09, 2026Vario Secure Inc. announced that they will report Q3, 2026 results on Jan 09, 2026
New Risk • Sep 25New 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 Risk Earnings have declined by 12% 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¥4.20b market cap, or US$28.2m).
分析記事 • Sep 18Vario Secure (TSE:4494) Has Some Difficulty Using Its Capital EffectivelyWhen it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...
お知らせ • Aug 01Vario Secure Inc. to Report Q2, 2026 Results on Oct 10, 2025Vario Secure Inc. announced that they will report Q2, 2026 results on Oct 10, 2025
Buy Or Sell Opportunity • Jul 31Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 8.3% to JP¥770. The fair value is estimated to be JP¥641, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.
お知らせ • May 10Vario Secure Inc. to Report Q1, 2026 Results on Jul 11, 2025Vario Secure Inc. announced that they will report Q1, 2026 results on Jul 11, 2025
分析記事 • May 07Vario Secure Inc. (TSE:4494) Shares Fly 31% But Investors Aren't Buying For GrowthVario Secure Inc. ( TSE:4494 ) shareholders have had their patience rewarded with a 31% share price jump in the last...
お知らせ • Apr 23Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2026Vario Secure Inc. Provided Non-Consolidated earnings guidance for the fiscal year ending February 28, 2026. For the period, the company expects revenue of JPY 2,972 million, operating profit of JPY 590 million, profit of JPY 399 million and basic earnings per share of JPY 88.45.
お知らせ • Apr 10Vario Secure Inc., Annual General Meeting, May 27, 2025Vario Secure Inc., Annual General Meeting, May 27, 2025.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥543, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 15x in the IT industry in Japan. Total loss to shareholders of 53% over the past three years.
Buy Or Sell Opportunity • Mar 25Now 25% undervaluedOver the last 90 days, the stock has risen 30% to JP¥701. The fair value is estimated to be JP¥937, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 26%.
Valuation Update With 7 Day Price Move • Mar 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥750, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 36% over the past three years.
分析記事 • Mar 13Vario Secure Inc.'s (TSE:4494) Price Is Right But Growth Is LackingVario Secure Inc.'s ( TSE:4494 ) price-to-earnings (or "P/E") ratio of 9.8x might make it look like a buy right now...
New Risk • Mar 13New 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 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (JP¥3.14b market cap, or US$21.2m).
お知らせ • Feb 03Vario Secure Inc. to Report Fiscal Year 2025 Results on Apr 10, 2025Vario Secure Inc. announced that they will report fiscal year 2025 results on Apr 10, 2025
お知らせ • Nov 30Vario Secure Inc. to Report Q3, 2025 Results on Jan 10, 2025Vario Secure Inc. announced that they will report Q3, 2025 results on Jan 10, 2025
Valuation Update With 7 Day Price Move • Aug 22Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥736, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 41% over the past three years.
分析記事 • Aug 21Vario Secure (TSE:4494) Will Be Hoping To Turn Its Returns On Capital AroundIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Typically...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥541, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 57% over the past three years.
Buy Or Sell Opportunity • Aug 05Now 27% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to JP¥541. The fair value is estimated to be JP¥742, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 22%.
お知らせ • Aug 02Vario Secure Inc. to Report Q2, 2025 Results on Oct 11, 2024Vario Secure Inc. announced that they will report Q2, 2025 results on Oct 11, 2024
Reported Earnings • Jul 18First quarter 2025 earnings released: EPS: JP¥22.34 (vs JP¥21.77 in 1Q 2024)First quarter 2025 results: EPS: JP¥22.34 (up from JP¥21.77 in 1Q 2024). Revenue: JP¥673.5m (up 4.6% from 1Q 2024). Net income: JP¥100.9m (up 2.7% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year and the company’s share price has also fallen by 22% per year.
お知らせ • Jul 12Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2025Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 28, 2025. For the year, the company expects revenue of JPY 2,753 million, operating profit of JPY 485 million, profit of JPY 336 million and basic earnings per share of JPY 74.47.
お知らせ • May 29Vario Secure Inc. to Report Q1, 2025 Results on Jul 10, 2024Vario Secure Inc. announced that they will report Q1, 2025 results on Jul 10, 2024
お知らせ • Apr 12Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expected revenue of JPY 2,753 million, operating profit of JPY 485 million, profit of JPY 336 million and basic earnings per share of JPY 74.47.
お知らせ • Feb 08Vario Secure Inc. to Report Fiscal Year 2024 Results on Apr 10, 2024Vario Secure Inc. announced that they will report fiscal year 2024 results on Apr 10, 2024
Buying Opportunity • Jan 12Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥839, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 45%.
Buying Opportunity • Dec 13Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be JP¥857, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 16%.
お知らせ • Nov 02Vario Secure Inc. to Report Q3, 2024 Results on Jan 11, 2024Vario Secure Inc. announced that they will report Q3, 2024 results on Jan 11, 2024
Buying Opportunity • Oct 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be JP¥921, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 16%.
Reported Earnings • Oct 15Second quarter 2024 earnings released: EPS: JP¥20.44 (vs JP¥31.28 in 2Q 2023)Second quarter 2024 results: EPS: JP¥20.44 (down from JP¥31.28 in 2Q 2023). Revenue: JP¥662.2m (flat on 2Q 2023). Net income: JP¥92.3m (down 22% from 2Q 2023). Profit margin: 14% (down from 18% in 2Q 2023).
お知らせ • Oct 12+ 1 more updateVario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expects revenue of JPY 2,685 million, operating profit of JPY 456 million, profit of JPY 308 million and basic earnings per share of JPY 68.30.
Buying Opportunity • Oct 04Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be JP¥921, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 38%.
お知らせ • Aug 25Vario Secure Inc. to Report Q2, 2024 Results on Oct 10, 2023Vario Secure Inc. announced that they will report Q2, 2024 results on Oct 10, 2023
New Risk • Jul 14New major risk - Revenue and earnings growthEarnings have declined by 5.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.5% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (14% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (JP¥3.96b market cap, or US$28.6m).
Reported Earnings • Jul 14First quarter 2024 earnings released: EPS: JP¥21.77 (vs JP¥33.29 in 1Q 2023)First quarter 2024 results: EPS: JP¥21.77 (down from JP¥33.29 in 1Q 2023). Revenue: JP¥643.8m (down 3.9% from 1Q 2023). Net income: JP¥98.3m (down 22% from 1Q 2023). Profit margin: 15% (down from 19% in 1Q 2023).
お知らせ • Jul 13+ 1 more updateVario Secure Inc. Provides Non-consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Vario Secure Inc. provided Non-consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expects net sales of JPY 2,685 million, operating profit of JPY 456 million, profit of JPY 308 million and basic earnings per share of JPY 68.30.
お知らせ • May 28Vario Secure Inc. to Report Q1, 2024 Results on Jul 11, 2023Vario Secure Inc. announced that they will report Q1, 2024 results on Jul 11, 2023
Reported Earnings • Apr 15Full year 2023 earnings released: EPS: JP¥93.41 (vs JP¥132 in FY 2022)Full year 2023 results: EPS: JP¥93.41 (down from JP¥132 in FY 2022). Revenue: JP¥2.63b (up 2.6% from FY 2022). Net income: JP¥383.3m (down 23% from FY 2022). Profit margin: 15% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Apr 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥923, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 20% over the past year.
Upcoming Dividend • Feb 20Upcoming dividend of JP¥40.50 per share at 3.6% yieldEligible shareholders must have bought the stock before 27 February 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
お知らせ • Feb 18Vario Secure Inc. to Report Fiscal Year 2023 Results on Apr 12, 2023Vario Secure Inc. announced that they will report fiscal year 2023 results on Apr 12, 2023
Reported Earnings • Jan 13Third quarter 2023 earnings released: EPS: JP¥29.09 (vs JP¥32.82 in 3Q 2022)Third quarter 2023 results: EPS: JP¥29.09. Revenue: JP¥647.6m (up 1.2% from 3Q 2022). Net income: JP¥125.3m (flat on 3Q 2022). Profit margin: 19% (in line with 3Q 2022).
お知らせ • Jan 12+ 1 more updateVario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2023Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 28, 2023. For the year, the company expects revenue of JPY 2,650 million, operating profit of JPY 785 million, profit of JPY 525 million and basic earnings per share of JPY 128.01.
お知らせ • Nov 20Vario Secure Inc. to Report Q3, 2023 Results on Jan 10, 2023Vario Secure Inc. announced that they will report Q3, 2023 results on Jan 10, 2023
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 13Second quarter 2023 earnings released: EPS: JP¥31.27 (vs JP¥30.49 in 2Q 2022)Second quarter 2023 results: EPS: JP¥31.27 (up from JP¥30.49 in 2Q 2022). Revenue: JP¥667.1m (up 4.9% from 2Q 2022). Net income: JP¥118.9m (up 3.1% from 2Q 2022). Profit margin: 18% (in line with 2Q 2022).
お知らせ • Oct 12+ 1 more updateVario Secure Inc. Provides Dividend Guidance for the Full Year Ending February 28, 2023Vario Secure Inc. provided dividend guidance for the full year ending February 28, 2023. For the year, the company expects to pay JPY 40.50 against JPY 40.50 a year ago.
お知らせ • Sep 28Vario Secure Inc. announced that it has received ¥836.38 million in funding from HEROZ, Inc.On September 27, 2022, Vario Secure Inc. closed the transaction.
お知らせ • Sep 10Vario Secure Inc. announced that it expects to receive ¥836.38 million in funding from HEROZ, Inc.Vario Secure Inc announced that it will issue 710,000 shares at an issue price of ¥1,178 per share for an aggregate gross proceeds of ¥836,380,000 on September 9, 2022. The transaction will iclude participation from HEROZ, Inc.. The transaction is expected to close from September 27, 2022 to September 29, 2022. The company issue shares through third-party allotment. The transaction has been approved by the board of the directors of the company.
お知らせ • Jul 31Vario Secure Inc. to Report Q2, 2023 Results on Oct 07, 2022Vario Secure Inc. announced that they will report Q2, 2023 results on Oct 07, 2022
Reported Earnings • Jul 19First quarter 2023 earnings released: EPS: JP¥33.29 (vs JP¥31.37 in 1Q 2022)First quarter 2023 results: EPS: JP¥33.29 (up from JP¥31.37 in 1Q 2022). Revenue: JP¥670.1m (up 3.4% from 1Q 2022). Net income: JP¥126.5m (up 7.0% from 1Q 2022). Profit margin: 19% (in line with 1Q 2022).
お知らせ • Jul 15+ 1 more updateVario Secure Inc. Provides Dividend Guidance for the Full Year Ending February 28, 2023Vario Secure Inc. provided dividend guidance for the full year ending February 28, 2023. For the year, the company expects to pay JPY 40.50 against JPY 40.44 a year ago.
Buying Opportunity • Jul 12Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 8.0%. The fair value is estimated to be JP¥1,449, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Buying Opportunity • Jun 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 6.5%. The fair value is estimated to be JP¥1,437, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Buying Opportunity • Jun 07Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,430, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
お知らせ • May 25Vario Secure Inc. to Report Q1, 2023 Results on Jul 11, 2022Vario Secure Inc. announced that they will report Q1, 2023 results on Jul 11, 2022
Buying Opportunity • May 19Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.7%. The fair value is estimated to be JP¥1,438, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Buying Opportunity • Apr 30Now 20% undervaluedOver the last 90 days, the stock is up 1.6%. The fair value is estimated to be JP¥1,419, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
お知らせ • Apr 18+ 1 more updateVarioSecure Inc. Declares Dividend for the Year Ended February 28, 2022, Payable on May 26, 2022; Provides Dividend Guidance for the Full Year Ending February 28, 2023VarioSecure Inc. declares dividend of JPY 40.44 against JPY 39.44 a year ago for the year ended February 28, 2022, payable on May 26, 2022.For the full year ending February 28, 2023, the company expects to pay JPY 40.50 against JPY 40.44 declared for the current year.
お知らせ • Apr 15Vario Secure Inc., Annual General Meeting, May 25, 2022Vario Secure Inc., Annual General Meeting, May 25, 2022.
Upcoming Dividend • Feb 18Upcoming dividend of JP¥40.44 per shareEligible shareholders must have bought the stock before 25 February 2022. Payment date: 31 May 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%).
お知らせ • Feb 17Vario Secure Inc. to Report Fiscal Year 2021 Results on Apr 13, 2022Vario Secure Inc. announced that they will report fiscal year 2021 results on Apr 13, 2022
お知らせ • Jan 14Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2022Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 28, 2022. For the year, the company expects revenue of JPY 2,649 million, operating profit of JPY 782 million, profit of JPY 507 million and basic earnings per share of JPY 134.79.
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 22% share price gain to JP¥1,642, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 23x in the IT industry in Japan.
お知らせ • Apr 27+ 1 more updateVarioSecure Inc. Declares Dividend for the Year Ended February 28, 2021, Payable on May 31, 2021; Provides Dividend Guidance for the Full Year Ending February 28, 2022VarioSecure Inc. declares dividend of JPY 39.44 against nil for the year ended February 28, 2021, payable on May 31, 2021. For the full year ending February 28, 2022, the company expects to pay JPY 40.44 against JPY 39.44 paid a year ago.
お知らせ • Jan 07VarioSecure Inc. to Report Q3, 2021 Results on Jan 12, 2021VarioSecure Inc. announced that they will report Q3, 2021 results on Jan 12, 2021
お知らせ • Dec 01VarioSecure Inc. has completed an IPO in the amount of ¥5.32125 billion.VarioSecure Inc. has completed an IPO in the amount of ¥5.32125 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 2,365,000 Price\Range: ¥2250 Discount Per Security: ¥157.5 Transaction Features: Sponsor Backed Offering