View Past PerformanceFuture バランスシートの健全性財務の健全性 基準チェック /56Futureの総株主資本は¥63.4B 、総負債は¥14.3Bで、負債比率は22.5%となります。総資産と総負債はそれぞれ¥94.0Bと¥30.7Bです。 Futureの EBIT は¥16.3Bで、利息カバレッジ比率-77.5です。現金および短期投資は¥28.0Bです。主要情報22.55%負債資本比率JP¥14.29b負債インタレスト・カバレッジ・レシオ-77.5x現金JP¥28.03bエクイティJP¥63.36b負債合計JP¥30.66b総資産JP¥94.02b財務の健全性に関する最新情報分析記事 • Dec 04Future (TSE:4722) Has A Pretty Healthy Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...すべての更新を表示Recent updatesReported Earnings • Apr 29First quarter 2026 earnings released: EPS: JP¥26.58 (vs JP¥22.53 in 1Q 2025)First quarter 2026 results: EPS: JP¥26.58 (up from JP¥22.53 in 1Q 2025). Revenue: JP¥18.3b (up 5.4% from 1Q 2025). Net income: JP¥2.36b (up 18% from 1Q 2025). Profit margin: 13% (up from 12% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Apr 21Future Corporation to Report Q1, 2026 Results on Apr 28, 2026Future Corporation announced that they will report Q1, 2026 results on Apr 28, 2026Declared Dividend • Apr 11Final dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 29th June 2026 Payment date: 16th September 2026 Dividend yield will be 2.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 07Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥132 (up from JP¥116 in FY 2024). Revenue: JP¥76.0b (up 8.8% from FY 2024). Net income: JP¥11.7b (up 14% from FY 2024). Profit margin: 15% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • Feb 06Future Corporation, Annual General Meeting, Mar 26, 2026Future Corporation, Annual General Meeting, Mar 26, 2026.お知らせ • Jan 07Future Corporation to Report Fiscal Year 2025 Results on Feb 05, 2026Future Corporation announced that they will report fiscal year 2025 results on Feb 05, 2026Upcoming Dividend • Dec 22Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 26 March 2026. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%).分析記事 • Dec 04Future (TSE:4722) Has A Pretty Healthy Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...分析記事 • Nov 18Earnings Tell The Story For Future Corporation (TSE:4722)Future Corporation's ( TSE:4722 ) price-to-earnings (or "P/E") ratio of 17.8x might make it look like a sell right now...Reported Earnings • Oct 23Third quarter 2025 earnings released: EPS: JP¥37.73 (vs JP¥35.45 in 3Q 2024)Third quarter 2025 results: EPS: JP¥37.73 (up from JP¥35.45 in 3Q 2024). Revenue: JP¥19.6b (up 3.6% from 3Q 2024). Net income: JP¥3.35b (up 6.5% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Oct 22Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.3% to JP¥2,150. The fair value is estimated to be JP¥2,718, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 6.1%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.Buy Or Sell Opportunity • Oct 02Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.5% to JP¥2,185. The fair value is estimated to be JP¥2,745, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 6.1%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.分析記事 • Oct 01Future (TSE:4722) Is Due To Pay A Dividend Of ¥23.00The board of Future Corporation ( TSE:4722 ) has announced that it will pay a dividend of ¥23.00 per share on the 26th...お知らせ • Sep 27Future Corporation to Report Q3, 2025 Results on Oct 22, 2025Future Corporation announced that they will report Q3, 2025 results on Oct 22, 2025分析記事 • Sep 17Future (TSE:4722) Has Announced A Dividend Of ¥23.00The board of Future Corporation ( TSE:4722 ) has announced that it will pay a dividend on the 26th of March, with...Declared Dividend • Sep 17First half dividend of JP¥23.00 announcedShareholders will receive a dividend of JP¥23.00. Ex-date: 29th December 2025 Payment date: 26th March 2026 Dividend yield will be 2.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Sep 02Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at JP¥2,184. The fair value is estimated to be JP¥2,768, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 6.1%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 42% in the next 2 years.Reported Earnings • Jul 25Second quarter 2025 earnings released: EPS: JP¥29.04 (vs JP¥30.19 in 2Q 2024)Second quarter 2025 results: EPS: JP¥29.04 (down from JP¥30.19 in 2Q 2024). Revenue: JP¥18.3b (up 2.2% from 2Q 2024). Net income: JP¥2.57b (down 3.8% from 2Q 2024). Profit margin: 14% (in line with 2Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 11% per year.Price Target Changed • Jul 02Price target increased by 13% to JP¥2,767Up from JP¥2,450, the current price target is an average from 3 analysts. New target price is 19% above last closing price of JP¥2,319. Stock is up 51% over the past year. The company is forecast to post earnings per share of JP¥131 for next year compared to JP¥116 last year.Upcoming Dividend • Jun 20Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 17 September 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.2%).分析記事 • Jun 19Future (TSE:4722) Will Pay A Larger Dividend Than Last Year At ¥23.00Future Corporation's ( TSE:4722 ) dividend will be increasing from last year's payment of the same period to ¥23.00 on...お知らせ • Jun 19Future Corporation to Report Q2, 2025 Results on Jul 23, 2025Future Corporation announced that they will report Q2, 2025 results on Jul 23, 2025分析記事 • Jun 16Do Future's (TSE:4722) Earnings Warrant Your Attention?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...分析記事 • May 14Future (TSE:4722) Will Pay A Larger Dividend Than Last Year At ¥23.00Future Corporation ( TSE:4722 ) will increase its dividend from last year's comparable payment on the 17th of September...分析記事 • May 13Future (TSE:4722) Hasn't Managed To Accelerate Its ReturnsTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...分析記事 • Apr 30Future's (TSE:4722) Dividend Will Be Increased To ¥23.00Future Corporation's ( TSE:4722 ) dividend will be increasing from last year's payment of the same period to ¥23.00 on...Reported Earnings • Apr 24First quarter 2025 earnings released: EPS: JP¥22.53 (vs JP¥24.71 in 1Q 2024)First quarter 2025 results: EPS: JP¥22.53 (down from JP¥24.71 in 1Q 2024). Revenue: JP¥17.3b (up 15% from 1Q 2024). Net income: JP¥2.00b (down 8.8% from 1Q 2024). Profit margin: 12% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Declared Dividend • Apr 11Final dividend of JP¥23.00 announcedShareholders will receive a dividend of JP¥23.00. Ex-date: 27th June 2025 Payment date: 17th September 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Apr 01Investors Holding Back On Future Corporation (TSE:4722)There wouldn't be many who think Future Corporation's ( TSE:4722 ) price-to-earnings (or "P/E") ratio of 14.8x is worth...お知らせ • Mar 20Future Corporation to Report Q1, 2025 Results on Apr 23, 2025Future Corporation announced that they will report Q1, 2025 results on Apr 23, 2025分析記事 • Feb 20Here's Why We Think Future (TSE:4722) Might Deserve Your Attention TodayIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Reported Earnings • Feb 05Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: JP¥116 (up from JP¥104 in FY 2023). Revenue: JP¥69.9b (up 18% from FY 2023). Net income: JP¥10.3b (up 12% from FY 2023). Profit margin: 15% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT industry in Japan. 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 10% per year.お知らせ • Feb 04Future Corporation, Annual General Meeting, Mar 25, 2025Future Corporation, Annual General Meeting, Mar 25, 2025.Upcoming Dividend • Dec 20Upcoming dividend of JP¥21.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).お知らせ • Dec 03Future Corporation to Report Fiscal Year 2024 Results on Feb 04, 2025Future Corporation announced that they will report fiscal year 2024 results on Feb 04, 2025分析記事 • Nov 08Is There An Opportunity With Future Corporation's (TSE:4722) 35% Undervaluation?Key Insights The projected fair value for Future is JP¥3,220 based on 2 Stage Free Cash Flow to Equity Future's...Reported Earnings • Oct 24Third quarter 2024 earnings released: EPS: JP¥35.45 (vs JP¥31.61 in 3Q 2023)Third quarter 2024 results: EPS: JP¥35.45 (up from JP¥31.61 in 3Q 2023). Revenue: JP¥19.0b (up 19% from 3Q 2023). Net income: JP¥3.14b (up 12% from 3Q 2023). Profit margin: 17% (in line with 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 11Future Corporation to Report Q3, 2024 Results on Oct 23, 2024Future Corporation announced that they will report Q3, 2024 results on Oct 23, 2024分析記事 • Sep 12Investors Appear Satisfied With Future Corporation's (TSE:4722) ProspectsWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 13x, you may consider Future...Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: JP¥30.19 (vs JP¥24.03 in 2Q 2023)Second quarter 2024 results: EPS: JP¥30.19 (up from JP¥24.03 in 2Q 2023). Revenue: JP¥17.9b (up 25% from 2Q 2023). Net income: JP¥2.68b (up 26% from 2Q 2023). Profit margin: 15% (in line with 2Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 21% per year.Declared Dividend • Jul 25Dividend of JP¥21.00 announcedShareholders will receive a dividend of JP¥21.00. Ex-date: 27th December 2024 Payment date: 28th March 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Jul 24Is There An Opportunity With Future Corporation's (TSE:4722) 31% Undervaluation?Key Insights Using the 2 Stage Free Cash Flow to Equity, Future fair value estimate is JP¥2,422 Future is estimated to...お知らせ • Jun 02Future Corporation to Report Q2, 2024 Results on Jul 23, 2024Future Corporation announced that they will report Q2, 2024 results on Jul 23, 2024Price Target Changed • May 28Price target decreased by 10% to JP¥2,175Down from JP¥2,425, the current price target is an average from 2 analysts. New target price is 46% above last closing price of JP¥1,492. Stock is down 15% over the past year. The company is forecast to post earnings per share of JP¥113 for next year compared to JP¥104 last year.Reported Earnings • Apr 25First quarter 2024 earnings released: EPS: JP¥24.71 (vs JP¥24.74 in 1Q 2023)First quarter 2024 results: EPS: JP¥24.71 (down from JP¥24.74 in 1Q 2023). Revenue: JP¥15.0b (up 7.6% from 1Q 2023). Net income: JP¥2.19b (flat on 1Q 2023). Profit margin: 15% (down from 16% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Declared Dividend • Apr 11Final dividend of JP¥21.00 announcedShareholders will receive a dividend of JP¥21.00. Ex-date: 27th June 2024 Payment date: 17th September 2024 Dividend yield will be 2.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Feb 24Future Corporation to Report Q1, 2024 Results on Apr 24, 2024Future Corporation announced that they will report Q1, 2024 results on Apr 24, 2024お知らせ • Feb 10Future Corporation, Annual General Meeting, Mar 27, 2024Future Corporation, Annual General Meeting, Mar 27, 2024.Reported Earnings • Feb 08Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: JP¥104 (down from JP¥104 in FY 2022). Revenue: JP¥59.3b (up 10% from FY 2022). Net income: JP¥9.22b (flat on FY 2022). Profit margin: 16% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 6.0%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Dec 21Upcoming dividend of JP¥20.00 per share at 2.4% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 24 March 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%).お知らせ • Dec 05Future Corporation to Report Fiscal Year 2023 Results on Feb 06, 2024Future Corporation announced that they will report fiscal year 2023 results on Feb 06, 2024Price Target Changed • Nov 17Price target increased by 9.0% to JP¥2,425Up from JP¥2,225, the current price target is an average from 2 analysts. New target price is 34% above last closing price of JP¥1,806. Stock is up 11% over the past year. The company is forecast to post earnings per share of JP¥111 for next year compared to JP¥104 last year.Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: JP¥31.61 (vs JP¥30.24 in 3Q 2022)Third quarter 2023 results: EPS: JP¥31.61 (up from JP¥30.24 in 3Q 2022). Revenue: JP¥15.9b (up 16% from 3Q 2022). Net income: JP¥2.80b (up 4.6% from 3Q 2022). Profit margin: 18% (down from 20% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 27Future Corporation to Report Q3, 2023 Results on Oct 25, 2023Future Corporation announced that they will report Q3, 2023 results on Oct 25, 2023Valuation Update With 7 Day Price Move • Aug 03Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,528, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 91% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,398 per share.Reported Earnings • Jul 28Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: JP¥24.03 (down from JP¥24.07 in 2Q 2022). Revenue: JP¥14.4b (up 7.8% from 2Q 2022). Net income: JP¥2.13b (flat on 2Q 2022). Profit margin: 15% (down from 16% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.お知らせ • Jun 28Future Corporation to Report Q2, 2023 Results on Jul 27, 2023Future Corporation announced that they will report Q2, 2023 results on Jul 27, 2023Upcoming Dividend • Jun 22Upcoming dividend of JP¥20.00 per share at 2.2% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 19 September 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.6%).Buying Opportunity • Apr 22Now 21% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be JP¥2,365, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 8.7% per annum. Earnings is also forecast to grow by 11% per annum over the same time period.Price Target Changed • Apr 07Price target increased by 7.5% to JP¥2,150Up from JP¥2,000, the current price target is an average from 2 analysts. New target price is 21% above last closing price of JP¥1,780. Stock is up 4.1% over the past year. The company is forecast to post earnings per share of JP¥115 for next year compared to JP¥104 last year.Reported Earnings • Mar 29Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: JP¥104 (up from JP¥71.96 in FY 2021). Revenue: JP¥53.7b (up 10% from FY 2021). Net income: JP¥9.24b (up 45% from FY 2021). Profit margin: 17% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 6.2%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Feb 12Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: JP¥104 (up from JP¥71.96 in FY 2021). Revenue: JP¥53.7b (up 10% from FY 2021). Net income: JP¥9.24b (up 45% from FY 2021). Profit margin: 17% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 6.2%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 25% per year.Buying Opportunity • Jan 26Now 20% undervaluedOver the last 90 days, the stock is up 3.2%. The fair value is estimated to be JP¥2,080, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings is also forecast to grow by 9.1% per annum over the same time period.Upcoming Dividend • Dec 22Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 24 March 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).お知らせ • Dec 06Future Corporation to Report Fiscal Year 2022 Results on Feb 07, 2023Future Corporation announced that they will report fiscal year 2022 results on Feb 07, 2023Price Target Changed • Nov 16Price target increased to JP¥2,000Up from JP¥1,450, the current price target is provided by 1 analyst. New target price is 28% above last closing price of JP¥1,559. Stock is down 27% over the past year. The company is forecast to post earnings per share of JP¥98.24 for next year compared to JP¥71.96 last year.Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 9 non-independent directors. Director Noriyuki Ichihara was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: JP¥30.24 (vs JP¥22.08 in 3Q 2021)Third quarter 2022 results: EPS: JP¥30.24 (up from JP¥22.08 in 3Q 2021). Revenue: JP¥13.7b (up 7.9% from 3Q 2021). Net income: JP¥2.68b (up 37% from 3Q 2021). Profit margin: 20% (up from 15% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Reported Earnings • Jul 30Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: JP¥24.07 (up from JP¥16.43 in 2Q 2021). Revenue: JP¥13.3b (up 11% from 2Q 2021). Net income: JP¥2.13b (up 47% from 2Q 2021). Profit margin: 16% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) exceeded analyst estimates by 29%. Over the next year, revenue is forecast to grow 4.1%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year.Upcoming Dividend • Jun 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 20 September 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).Buying Opportunity • May 06Now 20% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be JP¥2,272, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 7.4% in 2 years. Earnings is forecast to decline by 7.8% in the next 2 years.Valuation Update With 7 Day Price Move • May 04Investor sentiment improved over the past weekAfter last week's 21% share price gain to JP¥1,843, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 89% over the past three years.Reported Earnings • Apr 30First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: JP¥26.95 (up from JP¥14.04 in 1Q 2021). Revenue: JP¥12.6b (up 14% from 1Q 2021). Net income: JP¥2.39b (up 92% from 1Q 2021). Profit margin: 19% (up from 11% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.2%. Over the next year, revenue is forecast to grow 7.3%, compared to a 7.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 10 non-independent directors. Director Kaoru Suzuki was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Feb 09Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: JP¥144 (up from JP¥42.74 in FY 2020). Revenue: JP¥48.7b (up 9.9% from FY 2020). Net income: JP¥6.37b (up 68% from FY 2020). Profit margin: 13% (up from 8.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.2%. Over the next year, revenue is forecast to grow 11%, compared to a 7.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Dec 22Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 March 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (1.3%).Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS JP¥44.17 (vs JP¥10.53 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥12.7b (up 23% from 3Q 2020). Net income: JP¥1.96b (up 320% from 3Q 2020). Profit margin: 15% (up from 4.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥2,409, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 21x in the IT industry in Japan. Total returns to shareholders of 47% over the past three years.Valuation Update With 7 Day Price Move • Aug 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥2,121, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 23x in the IT industry in Japan. Total returns to shareholders of 37% over the past three years.Reported Earnings • Aug 03Second quarter 2021 earnings released: EPS JP¥32.86 (vs JP¥27.47 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥12.0b (up 8.3% from 2Q 2020). Net income: JP¥1.45b (up 19% from 2Q 2020). Profit margin: 12% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Upcoming Dividend • Jun 22Upcoming dividend of JP¥21.00 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 18 September 2021. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%).Reported Earnings • May 20First quarter 2021 earnings released: EPS JP¥28.07 (vs JP¥25.65 in 1Q 2020)The company reported a solid first quarter result with improved earnings, although revenues and profit margins were flat. First quarter 2021 results: Revenue: JP¥11.1b (flat on 1Q 2020). Net income: JP¥1.24b (up 8.3% from 1Q 2020). Profit margin: 11% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Reported Earnings • May 01First quarter 2021 earnings released: EPS JP¥28.07 (vs JP¥25.65 in 1Q 2020)The company reported a solid first quarter result with improved earnings, although revenues and profit margins were flat. First quarter 2021 results: Revenue: JP¥11.1b (flat on 1Q 2020). Net income: JP¥1.24b (up 8.3% from 1Q 2020). Profit margin: 11% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Reported Earnings • Mar 30Full year 2020 earnings released: EPS JP¥85.49 (vs JP¥102 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥44.3b (down 2.4% from FY 2019). Net income: JP¥3.80b (down 17% from FY 2019). Profit margin: 8.6% (down from 10.0% in FY 2019). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • Feb 06Full year 2020 earnings released: EPS JP¥85.49 (vs JP¥102 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥44.3b (down 2.4% from FY 2019). Net income: JP¥3.80b (down 17% from FY 2019). Profit margin: 8.6% (down from 10.0% in FY 2019). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.Analyst Estimate Surprise Post Earnings • Feb 06Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.7%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 4.3%, compared to a 8.6% growth forecast for the IT industry in Japan.Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥2,049, the stock is trading at a trailing P/E ratio of 21.8x, up from the previous P/E ratio of 18.9x. This compares to an average P/E of 28x in the IT industry in Japan. Total returns to shareholders over the past three years are 102%.Is New 90 Day High Low • Feb 03New 90-day high: JP¥2,049The company is up 14% from its price of JP¥1,800 on 05 November 2020. The Japanese market is also up 14% over the last 90 days, indicating the company’s price trend is similar to the market over that time. Its price trend is also similar to the IT industry, which is up 14% over the same period.Upcoming Dividend • Dec 22Upcoming Dividend of JP¥20.00 Per ShareWill be paid on the 26th of March to those who are registered shareholders by the 29th of December. The trailing yield of 2.3% is below the top quartile of Japanese dividend payers (3.0%), but it is higher than industry peers (1.3%).Price Target Changed • Dec 01Price target lowered to JP¥2,300Down from JP¥2,900, the current price target is provided by 1 analyst. The new target price is 28% above the current share price of JP¥1,801. As of last close, the stock is down 3.1% over the past year.財務状況分析短期負債: 4722の 短期資産 ( ¥53.1B ) が 短期負債 ( ¥13.6B ) を超えています。長期負債: 4722の短期資産 ( ¥53.1B ) が 長期負債 ( ¥17.1B ) を上回っています。デット・ツー・エクイティの歴史と分析負債レベル: 4722総負債よりも多くの現金を保有しています。負債の削減: 4722の負債対資本比率は、過去 5 年間で0%から22.5%に増加しました。債務返済能力: 4722の負債は 営業キャッシュフロー によって 十分にカバー されています ( 60.7% )。インタレストカバレッジ: 4722支払う利息よりも稼ぐ利息の方が多いので、利息支払い の補償は問題になりません。貸借対照表健全な企業の発掘7D1Y7D1Y7D1YSoftware 業界の健全な企業。View Dividend企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/21 18:25終値2026/05/21 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Future Corporation 3 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。7 アナリスト機関Shingo KumazawaDaiwa Securities Co. Ltd.null nullDaiwa Securities Co. Ltd.Toshihiro KatahiroMarusan Securities Co. Ltd.4 その他のアナリストを表示
分析記事 • Dec 04Future (TSE:4722) Has A Pretty Healthy Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
Reported Earnings • Apr 29First quarter 2026 earnings released: EPS: JP¥26.58 (vs JP¥22.53 in 1Q 2025)First quarter 2026 results: EPS: JP¥26.58 (up from JP¥22.53 in 1Q 2025). Revenue: JP¥18.3b (up 5.4% from 1Q 2025). Net income: JP¥2.36b (up 18% from 1Q 2025). Profit margin: 13% (up from 12% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Apr 21Future Corporation to Report Q1, 2026 Results on Apr 28, 2026Future Corporation announced that they will report Q1, 2026 results on Apr 28, 2026
Declared Dividend • Apr 11Final dividend of JP¥24.00 announcedShareholders will receive a dividend of JP¥24.00. Ex-date: 29th June 2026 Payment date: 16th September 2026 Dividend yield will be 2.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (35% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 07Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥132 (up from JP¥116 in FY 2024). Revenue: JP¥76.0b (up 8.8% from FY 2024). Net income: JP¥11.7b (up 14% from FY 2024). Profit margin: 15% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • Feb 06Future Corporation, Annual General Meeting, Mar 26, 2026Future Corporation, Annual General Meeting, Mar 26, 2026.
お知らせ • Jan 07Future Corporation to Report Fiscal Year 2025 Results on Feb 05, 2026Future Corporation announced that they will report fiscal year 2025 results on Feb 05, 2026
Upcoming Dividend • Dec 22Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 26 March 2026. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%).
分析記事 • Dec 04Future (TSE:4722) Has A Pretty Healthy Balance SheetWarren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...
分析記事 • Nov 18Earnings Tell The Story For Future Corporation (TSE:4722)Future Corporation's ( TSE:4722 ) price-to-earnings (or "P/E") ratio of 17.8x might make it look like a sell right now...
Reported Earnings • Oct 23Third quarter 2025 earnings released: EPS: JP¥37.73 (vs JP¥35.45 in 3Q 2024)Third quarter 2025 results: EPS: JP¥37.73 (up from JP¥35.45 in 3Q 2024). Revenue: JP¥19.6b (up 3.6% from 3Q 2024). Net income: JP¥3.35b (up 6.5% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Oct 22Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.3% to JP¥2,150. The fair value is estimated to be JP¥2,718, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 6.1%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
Buy Or Sell Opportunity • Oct 02Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.5% to JP¥2,185. The fair value is estimated to be JP¥2,745, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 6.1%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 14% per annum over the same time period.
分析記事 • Oct 01Future (TSE:4722) Is Due To Pay A Dividend Of ¥23.00The board of Future Corporation ( TSE:4722 ) has announced that it will pay a dividend of ¥23.00 per share on the 26th...
お知らせ • Sep 27Future Corporation to Report Q3, 2025 Results on Oct 22, 2025Future Corporation announced that they will report Q3, 2025 results on Oct 22, 2025
分析記事 • Sep 17Future (TSE:4722) Has Announced A Dividend Of ¥23.00The board of Future Corporation ( TSE:4722 ) has announced that it will pay a dividend on the 26th of March, with...
Declared Dividend • Sep 17First half dividend of JP¥23.00 announcedShareholders will receive a dividend of JP¥23.00. Ex-date: 29th December 2025 Payment date: 26th March 2026 Dividend yield will be 2.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Sep 02Now 21% undervaluedThe stock has been flat over the last 90 days, currently trading at JP¥2,184. The fair value is estimated to be JP¥2,768, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 6.1%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 42% in the next 2 years.
Reported Earnings • Jul 25Second quarter 2025 earnings released: EPS: JP¥29.04 (vs JP¥30.19 in 2Q 2024)Second quarter 2025 results: EPS: JP¥29.04 (down from JP¥30.19 in 2Q 2024). Revenue: JP¥18.3b (up 2.2% from 2Q 2024). Net income: JP¥2.57b (down 3.8% from 2Q 2024). Profit margin: 14% (in line with 2Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 11% per year.
Price Target Changed • Jul 02Price target increased by 13% to JP¥2,767Up from JP¥2,450, the current price target is an average from 3 analysts. New target price is 19% above last closing price of JP¥2,319. Stock is up 51% over the past year. The company is forecast to post earnings per share of JP¥131 for next year compared to JP¥116 last year.
Upcoming Dividend • Jun 20Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 17 September 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.2%).
分析記事 • Jun 19Future (TSE:4722) Will Pay A Larger Dividend Than Last Year At ¥23.00Future Corporation's ( TSE:4722 ) dividend will be increasing from last year's payment of the same period to ¥23.00 on...
お知らせ • Jun 19Future Corporation to Report Q2, 2025 Results on Jul 23, 2025Future Corporation announced that they will report Q2, 2025 results on Jul 23, 2025
分析記事 • Jun 16Do Future's (TSE:4722) Earnings Warrant Your Attention?For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
分析記事 • May 14Future (TSE:4722) Will Pay A Larger Dividend Than Last Year At ¥23.00Future Corporation ( TSE:4722 ) will increase its dividend from last year's comparable payment on the 17th of September...
分析記事 • May 13Future (TSE:4722) Hasn't Managed To Accelerate Its ReturnsTo find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'll want to...
分析記事 • Apr 30Future's (TSE:4722) Dividend Will Be Increased To ¥23.00Future Corporation's ( TSE:4722 ) dividend will be increasing from last year's payment of the same period to ¥23.00 on...
Reported Earnings • Apr 24First quarter 2025 earnings released: EPS: JP¥22.53 (vs JP¥24.71 in 1Q 2024)First quarter 2025 results: EPS: JP¥22.53 (down from JP¥24.71 in 1Q 2024). Revenue: JP¥17.3b (up 15% from 1Q 2024). Net income: JP¥2.00b (down 8.8% from 1Q 2024). Profit margin: 12% (down from 15% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Declared Dividend • Apr 11Final dividend of JP¥23.00 announcedShareholders will receive a dividend of JP¥23.00. Ex-date: 27th June 2025 Payment date: 17th September 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Apr 01Investors Holding Back On Future Corporation (TSE:4722)There wouldn't be many who think Future Corporation's ( TSE:4722 ) price-to-earnings (or "P/E") ratio of 14.8x is worth...
お知らせ • Mar 20Future Corporation to Report Q1, 2025 Results on Apr 23, 2025Future Corporation announced that they will report Q1, 2025 results on Apr 23, 2025
分析記事 • Feb 20Here's Why We Think Future (TSE:4722) Might Deserve Your Attention TodayIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Reported Earnings • Feb 05Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: JP¥116 (up from JP¥104 in FY 2023). Revenue: JP¥69.9b (up 18% from FY 2023). Net income: JP¥10.3b (up 12% from FY 2023). Profit margin: 15% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT industry in Japan. 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 10% per year.
お知らせ • Feb 04Future Corporation, Annual General Meeting, Mar 25, 2025Future Corporation, Annual General Meeting, Mar 25, 2025.
Upcoming Dividend • Dec 20Upcoming dividend of JP¥21.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).
お知らせ • Dec 03Future Corporation to Report Fiscal Year 2024 Results on Feb 04, 2025Future Corporation announced that they will report fiscal year 2024 results on Feb 04, 2025
分析記事 • Nov 08Is There An Opportunity With Future Corporation's (TSE:4722) 35% Undervaluation?Key Insights The projected fair value for Future is JP¥3,220 based on 2 Stage Free Cash Flow to Equity Future's...
Reported Earnings • Oct 24Third quarter 2024 earnings released: EPS: JP¥35.45 (vs JP¥31.61 in 3Q 2023)Third quarter 2024 results: EPS: JP¥35.45 (up from JP¥31.61 in 3Q 2023). Revenue: JP¥19.0b (up 19% from 3Q 2023). Net income: JP¥3.14b (up 12% from 3Q 2023). Profit margin: 17% (in line with 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 11Future Corporation to Report Q3, 2024 Results on Oct 23, 2024Future Corporation announced that they will report Q3, 2024 results on Oct 23, 2024
分析記事 • Sep 12Investors Appear Satisfied With Future Corporation's (TSE:4722) ProspectsWhen close to half the companies in Japan have price-to-earnings ratios (or "P/E's") below 13x, you may consider Future...
Reported Earnings • Jul 26Second quarter 2024 earnings released: EPS: JP¥30.19 (vs JP¥24.03 in 2Q 2023)Second quarter 2024 results: EPS: JP¥30.19 (up from JP¥24.03 in 2Q 2023). Revenue: JP¥17.9b (up 25% from 2Q 2023). Net income: JP¥2.68b (up 26% from 2Q 2023). Profit margin: 15% (in line with 2Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 21% per year.
Declared Dividend • Jul 25Dividend of JP¥21.00 announcedShareholders will receive a dividend of JP¥21.00. Ex-date: 27th December 2024 Payment date: 28th March 2025 Dividend yield will be 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 55% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Jul 24Is There An Opportunity With Future Corporation's (TSE:4722) 31% Undervaluation?Key Insights Using the 2 Stage Free Cash Flow to Equity, Future fair value estimate is JP¥2,422 Future is estimated to...
お知らせ • Jun 02Future Corporation to Report Q2, 2024 Results on Jul 23, 2024Future Corporation announced that they will report Q2, 2024 results on Jul 23, 2024
Price Target Changed • May 28Price target decreased by 10% to JP¥2,175Down from JP¥2,425, the current price target is an average from 2 analysts. New target price is 46% above last closing price of JP¥1,492. Stock is down 15% over the past year. The company is forecast to post earnings per share of JP¥113 for next year compared to JP¥104 last year.
Reported Earnings • Apr 25First quarter 2024 earnings released: EPS: JP¥24.71 (vs JP¥24.74 in 1Q 2023)First quarter 2024 results: EPS: JP¥24.71 (down from JP¥24.74 in 1Q 2023). Revenue: JP¥15.0b (up 7.6% from 1Q 2023). Net income: JP¥2.19b (flat on 1Q 2023). Profit margin: 15% (down from 16% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Apr 11Final dividend of JP¥21.00 announcedShareholders will receive a dividend of JP¥21.00. Ex-date: 27th June 2024 Payment date: 17th September 2024 Dividend yield will be 2.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (61% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Feb 24Future Corporation to Report Q1, 2024 Results on Apr 24, 2024Future Corporation announced that they will report Q1, 2024 results on Apr 24, 2024
お知らせ • Feb 10Future Corporation, Annual General Meeting, Mar 27, 2024Future Corporation, Annual General Meeting, Mar 27, 2024.
Reported Earnings • Feb 08Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: EPS: JP¥104 (down from JP¥104 in FY 2022). Revenue: JP¥59.3b (up 10% from FY 2022). Net income: JP¥9.22b (flat on FY 2022). Profit margin: 16% (down from 17% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 6.0%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Dec 21Upcoming dividend of JP¥20.00 per share at 2.4% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 24 March 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%).
お知らせ • Dec 05Future Corporation to Report Fiscal Year 2023 Results on Feb 06, 2024Future Corporation announced that they will report fiscal year 2023 results on Feb 06, 2024
Price Target Changed • Nov 17Price target increased by 9.0% to JP¥2,425Up from JP¥2,225, the current price target is an average from 2 analysts. New target price is 34% above last closing price of JP¥1,806. Stock is up 11% over the past year. The company is forecast to post earnings per share of JP¥111 for next year compared to JP¥104 last year.
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: JP¥31.61 (vs JP¥30.24 in 3Q 2022)Third quarter 2023 results: EPS: JP¥31.61 (up from JP¥30.24 in 3Q 2022). Revenue: JP¥15.9b (up 16% from 3Q 2022). Net income: JP¥2.80b (up 4.6% from 3Q 2022). Profit margin: 18% (down from 20% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 27Future Corporation to Report Q3, 2023 Results on Oct 25, 2023Future Corporation announced that they will report Q3, 2023 results on Oct 25, 2023
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,528, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 91% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,398 per share.
Reported Earnings • Jul 28Second quarter 2023 earnings: EPS and revenues miss analyst expectationsSecond quarter 2023 results: EPS: JP¥24.03 (down from JP¥24.07 in 2Q 2022). Revenue: JP¥14.4b (up 7.8% from 2Q 2022). Net income: JP¥2.13b (flat on 2Q 2022). Profit margin: 15% (down from 16% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 10%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
お知らせ • Jun 28Future Corporation to Report Q2, 2023 Results on Jul 27, 2023Future Corporation announced that they will report Q2, 2023 results on Jul 27, 2023
Upcoming Dividend • Jun 22Upcoming dividend of JP¥20.00 per share at 2.2% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 19 September 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.6%).
Buying Opportunity • Apr 22Now 21% undervaluedOver the last 90 days, the stock is up 15%. The fair value is estimated to be JP¥2,365, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 8.7% per annum. Earnings is also forecast to grow by 11% per annum over the same time period.
Price Target Changed • Apr 07Price target increased by 7.5% to JP¥2,150Up from JP¥2,000, the current price target is an average from 2 analysts. New target price is 21% above last closing price of JP¥1,780. Stock is up 4.1% over the past year. The company is forecast to post earnings per share of JP¥115 for next year compared to JP¥104 last year.
Reported Earnings • Mar 29Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: JP¥104 (up from JP¥71.96 in FY 2021). Revenue: JP¥53.7b (up 10% from FY 2021). Net income: JP¥9.24b (up 45% from FY 2021). Profit margin: 17% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 6.2%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Feb 12Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2022 results: EPS: JP¥104 (up from JP¥71.96 in FY 2021). Revenue: JP¥53.7b (up 10% from FY 2021). Net income: JP¥9.24b (up 45% from FY 2021). Profit margin: 17% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) exceeded analyst estimates by 6.2%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 25% per year.
Buying Opportunity • Jan 26Now 20% undervaluedOver the last 90 days, the stock is up 3.2%. The fair value is estimated to be JP¥2,080, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 8.0% per annum. Earnings is also forecast to grow by 9.1% per annum over the same time period.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥17.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 24 March 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).
お知らせ • Dec 06Future Corporation to Report Fiscal Year 2022 Results on Feb 07, 2023Future Corporation announced that they will report fiscal year 2022 results on Feb 07, 2023
Price Target Changed • Nov 16Price target increased to JP¥2,000Up from JP¥1,450, the current price target is provided by 1 analyst. New target price is 28% above last closing price of JP¥1,559. Stock is down 27% over the past year. The company is forecast to post earnings per share of JP¥98.24 for next year compared to JP¥71.96 last year.
Board Change • Nov 16No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 9 non-independent directors. Director Noriyuki Ichihara was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Oct 27Third quarter 2022 earnings released: EPS: JP¥30.24 (vs JP¥22.08 in 3Q 2021)Third quarter 2022 results: EPS: JP¥30.24 (up from JP¥22.08 in 3Q 2021). Revenue: JP¥13.7b (up 7.9% from 3Q 2021). Net income: JP¥2.68b (up 37% from 3Q 2021). Profit margin: 20% (up from 15% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Jul 30Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2022 results: EPS: JP¥24.07 (up from JP¥16.43 in 2Q 2021). Revenue: JP¥13.3b (up 11% from 2Q 2021). Net income: JP¥2.13b (up 47% from 2Q 2021). Profit margin: 16% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) exceeded analyst estimates by 29%. Over the next year, revenue is forecast to grow 4.1%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 20 September 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).
Buying Opportunity • May 06Now 20% undervaluedOver the last 90 days, the stock is up 20%. The fair value is estimated to be JP¥2,272, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 7.4% in 2 years. Earnings is forecast to decline by 7.8% in the next 2 years.
Valuation Update With 7 Day Price Move • May 04Investor sentiment improved over the past weekAfter last week's 21% share price gain to JP¥1,843, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 89% over the past three years.
Reported Earnings • Apr 30First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: JP¥26.95 (up from JP¥14.04 in 1Q 2021). Revenue: JP¥12.6b (up 14% from 1Q 2021). Net income: JP¥2.39b (up 92% from 1Q 2021). Profit margin: 19% (up from 11% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.2%. Over the next year, revenue is forecast to grow 7.3%, compared to a 7.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27No independent directorsFollowing the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 10 non-independent directors. Director Kaoru Suzuki was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Feb 09Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: JP¥144 (up from JP¥42.74 in FY 2020). Revenue: JP¥48.7b (up 9.9% from FY 2020). Net income: JP¥6.37b (up 68% from FY 2020). Profit margin: 13% (up from 8.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.2%. Over the next year, revenue is forecast to grow 11%, compared to a 7.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 March 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (1.3%).
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS JP¥44.17 (vs JP¥10.53 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥12.7b (up 23% from 3Q 2020). Net income: JP¥1.96b (up 320% from 3Q 2020). Profit margin: 15% (up from 4.5% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥2,409, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 21x in the IT industry in Japan. Total returns to shareholders of 47% over the past three years.
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥2,121, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 23x in the IT industry in Japan. Total returns to shareholders of 37% over the past three years.
Reported Earnings • Aug 03Second quarter 2021 earnings released: EPS JP¥32.86 (vs JP¥27.47 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥12.0b (up 8.3% from 2Q 2020). Net income: JP¥1.45b (up 19% from 2Q 2020). Profit margin: 12% (up from 11% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥21.00 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 18 September 2021. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%).
Reported Earnings • May 20First quarter 2021 earnings released: EPS JP¥28.07 (vs JP¥25.65 in 1Q 2020)The company reported a solid first quarter result with improved earnings, although revenues and profit margins were flat. First quarter 2021 results: Revenue: JP¥11.1b (flat on 1Q 2020). Net income: JP¥1.24b (up 8.3% from 1Q 2020). Profit margin: 11% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Reported Earnings • May 01First quarter 2021 earnings released: EPS JP¥28.07 (vs JP¥25.65 in 1Q 2020)The company reported a solid first quarter result with improved earnings, although revenues and profit margins were flat. First quarter 2021 results: Revenue: JP¥11.1b (flat on 1Q 2020). Net income: JP¥1.24b (up 8.3% from 1Q 2020). Profit margin: 11% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 30Full year 2020 earnings released: EPS JP¥85.49 (vs JP¥102 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥44.3b (down 2.4% from FY 2019). Net income: JP¥3.80b (down 17% from FY 2019). Profit margin: 8.6% (down from 10.0% in FY 2019). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • Feb 06Full year 2020 earnings released: EPS JP¥85.49 (vs JP¥102 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥44.3b (down 2.4% from FY 2019). Net income: JP¥3.80b (down 17% from FY 2019). Profit margin: 8.6% (down from 10.0% in FY 2019). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
Analyst Estimate Surprise Post Earnings • Feb 06Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.7%. Earnings per share (EPS) also surpassed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 4.3%, compared to a 8.6% growth forecast for the IT industry in Japan.
Valuation Update With 7 Day Price Move • Feb 03Investor sentiment improved over the past weekAfter last week's 15% share price gain to JP¥2,049, the stock is trading at a trailing P/E ratio of 21.8x, up from the previous P/E ratio of 18.9x. This compares to an average P/E of 28x in the IT industry in Japan. Total returns to shareholders over the past three years are 102%.
Is New 90 Day High Low • Feb 03New 90-day high: JP¥2,049The company is up 14% from its price of JP¥1,800 on 05 November 2020. The Japanese market is also up 14% over the last 90 days, indicating the company’s price trend is similar to the market over that time. Its price trend is also similar to the IT industry, which is up 14% over the same period.
Upcoming Dividend • Dec 22Upcoming Dividend of JP¥20.00 Per ShareWill be paid on the 26th of March to those who are registered shareholders by the 29th of December. The trailing yield of 2.3% is below the top quartile of Japanese dividend payers (3.0%), but it is higher than industry peers (1.3%).
Price Target Changed • Dec 01Price target lowered to JP¥2,300Down from JP¥2,900, the current price target is provided by 1 analyst. The new target price is 28% above the current share price of JP¥1,801. As of last close, the stock is down 3.1% over the past year.