Digital Garage（4819）株式概要株式会社デジタルガレージは、日本でコンテクスト・カンパニーとして活動している。 詳細4819 ファンダメンタル分析スノーフレーク・スコア評価2/6将来の成長4/6過去の実績2/6財務の健全性3/6配当金3/6報酬当社が推定した公正価値より22.8%で取引されている 収益は年間28.06%増加すると予測されています 今年は黒字化を達成 リスク分析2.31%の配当は、利益やフリーキャッシュフローによって十分にカバーされていない JP市場と比較して、過去 3 か月間の株価の変動が非常に大きいすべてのリスクチェックを見る4819 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥2.03k1.8% 割高 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-9b60b2016201920222025202620282031Revenue JP¥52.0bEarnings JP¥1.9bAdvancedSet Fair ValueView all narrativesDigital Garage, Inc. 競合他社ARGO GRAPHICSSymbol: TSE:7595Market cap: JP¥89.1bZukenSymbol: TSE:6947Market cap: JP¥98.1bUchida YokoSymbol: TSE:8057Market cap: JP¥99.8bTechMatrixSymbol: TSE:3762Market cap: JP¥73.1b価格と性能株価の高値、安値、推移の概要Digital Garage過去の株価現在の株価JP¥2,034.0052週高値JP¥5,220.0052週安値JP¥1,873.00ベータ0.861ヶ月の変化-19.00%3ヶ月変化0.89%1年変化-58.78%3年間の変化-46.61%5年間の変化-56.82%IPOからの変化165.88%最新ニュースMajor Estimate Revision • May 28Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2027 has deteriorated. 2027 revenue forecast decreased from JP¥45.6b to JP¥43.5b. EPS estimate also fell from JP¥106 per share to JP¥82.28 per share. Net income forecast to grow 194% next year vs 7.9% growth forecast for IT industry in Japan. Consensus price target of JP¥3,517 unchanged from last update. Share price fell 4.4% to JP¥2,070 over the past week.Buy Or Sell Opportunity • May 26Now 21% undervaluedOver the last 90 days, the stock has risen 8.5% to JP¥2,127. The fair value is estimated to be JP¥2,677, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 38% per annum over the same time period.Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥2,155, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the IT industry in Japan. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,644 per share.Reported Earnings • May 18Full year 2026 earnings: EPS and revenues miss analyst expectationsFull year 2026 results: EPS: JP¥27.96 (up from JP¥155 loss in FY 2025). Revenue: JP¥35.2b (up 9.4% from FY 2025). Net income: JP¥1.28b (up JP¥8.47b from FY 2025). Profit margin: 3.6% (up from net loss in FY 2025). The move to profitability was primarily driven by lower expenses. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 73%. Revenue is forecast to grow 14% 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 41% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.お知らせ • May 14+ 1 more updateDigital Garage, Inc., Annual General Meeting, Jun 24, 2026Digital Garage, Inc., Annual General Meeting, Jun 24, 2026.お知らせ • May 09Digital Garage, Inc. to Report Fiscal Year 2026 Results on May 14, 2026Digital Garage, Inc. announced that they will report fiscal year 2026 results on May 14, 2026最新情報をもっと見るRecent updatesMajor Estimate Revision • May 28Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2027 has deteriorated. 2027 revenue forecast decreased from JP¥45.6b to JP¥43.5b. EPS estimate also fell from JP¥106 per share to JP¥82.28 per share. Net income forecast to grow 194% next year vs 7.9% growth forecast for IT industry in Japan. Consensus price target of JP¥3,517 unchanged from last update. Share price fell 4.4% to JP¥2,070 over the past week.Buy Or Sell Opportunity • May 26Now 21% undervaluedOver the last 90 days, the stock has risen 8.5% to JP¥2,127. The fair value is estimated to be JP¥2,677, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 38% per annum over the same time period.Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥2,155, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the IT industry in Japan. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,644 per share.Reported Earnings • May 18Full year 2026 earnings: EPS and revenues miss analyst expectationsFull year 2026 results: EPS: JP¥27.96 (up from JP¥155 loss in FY 2025). Revenue: JP¥35.2b (up 9.4% from FY 2025). Net income: JP¥1.28b (up JP¥8.47b from FY 2025). Profit margin: 3.6% (up from net loss in FY 2025). The move to profitability was primarily driven by lower expenses. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 73%. Revenue is forecast to grow 14% 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 41% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.お知らせ • May 14+ 1 more updateDigital Garage, Inc., Annual General Meeting, Jun 24, 2026Digital Garage, Inc., Annual General Meeting, Jun 24, 2026.お知らせ • May 09Digital Garage, Inc. to Report Fiscal Year 2026 Results on May 14, 2026Digital Garage, Inc. announced that they will report fiscal year 2026 results on May 14, 2026New Risk • Apr 23New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). High level of non-cash earnings (119% accrual ratio).Valuation Update With 7 Day Price Move • Apr 23Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥2,778, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the IT industry in Japan. Total loss to shareholders of 36% over the past three years.Upcoming Dividend • Mar 23Upcoming dividend of JP¥47.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%).Major Estimate Revision • Mar 06Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥135 to JP¥100 per share. Revenue forecast steady at JP¥42.7b. Net income forecast to grow 150% next year vs 7.4% growth forecast for IT industry in Japan. Consensus price target down from JP¥3,800 to JP¥3,200. Share price fell 2.1% to JP¥2,076 over the past week.Reported Earnings • Feb 14Third quarter 2026 earnings released: EPS: JP¥44.48 (vs JP¥72.93 in 3Q 2025)Third quarter 2026 results: EPS: JP¥44.48 (down from JP¥72.93 in 3Q 2025). Revenue: JP¥10.6b (up 13% from 3Q 2025). Net income: JP¥2.04b (down 39% from 3Q 2025). Profit margin: 19% (down from 36% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% 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 29% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.分析記事 • Feb 13Digital Garage, Inc.'s (TSE:4819) 25% Cheaper Price Remains In Tune With RevenuesTo the annoyance of some shareholders, Digital Garage, Inc. ( TSE:4819 ) shares are down a considerable 25% in the last...New Risk • Feb 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 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results.お知らせ • Dec 24Digital Garage, Inc. to Report Q3, 2026 Results on Feb 12, 2026Digital Garage, Inc. announced that they will report Q3, 2026 results on Feb 12, 2026Major Estimate Revision • Dec 04Consensus EPS estimates increase by 62%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥42.5b to JP¥45.0b. EPS estimate increased from JP¥84.94 to JP¥137 per share. Net income forecast to grow 103% next year vs 14% growth forecast for IT industry in Japan. Consensus price target down from JP¥5,060 to JP¥4,100. Share price fell 7.8% to JP¥2,917 over the past week.Buy Or Sell Opportunity • Nov 28Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to JP¥3,010. The fair value is estimated to be JP¥3,834, 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. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.5% per annum. Earnings are also forecast to grow by 22% per annum over the same time period.分析記事 • Nov 20Digital Garage's (TSE:4819) Performance Is Even Better Than Its Earnings SuggestEven though Digital Garage, Inc.'s ( TSE:4819 ) recent earnings release was robust, the market didn't seem to notice...Declared Dividend • Nov 15Dividend of JP¥47.00 announcedShareholders will receive a dividend of JP¥47.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 1.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 12% 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 83% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Nov 05Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to JP¥3,220. The fair value is estimated to be JP¥4,057, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making.分析記事 • Oct 19Digital Garage, Inc.'s (TSE:4819) P/S Still Appears To Be ReasonableDigital Garage, Inc.'s ( TSE:4819 ) price-to-sales (or "P/S") ratio of 4.9x may look like a poor investment opportunity...Buy Or Sell Opportunity • Oct 15Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 23% to JP¥3,255. The fair value is estimated to be JP¥4,069, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making.分析記事 • Oct 01When Should You Buy Digital Garage, Inc. (TSE:4819)?Digital Garage, Inc. ( TSE:4819 ), is not the largest company out there, but it received a lot of attention from a...お知らせ • Sep 27Digital Garage, Inc. to Report Q2, 2026 Results on Nov 13, 2025Digital Garage, Inc. announced that they will report Q2, 2026 results on Nov 13, 2025お知らせ • Sep 22Resona Holdings, Inc. (TSE:8308) completed the acquisition of additional 17.9% stake in Digital Garage, Inc. (TSE:4819) from Oasis Management Company Ltd.Resona Holdings, Inc. (TSE:8308) entered into a share transfer agreement to acquire additional 17.9% stake in Digital Garage, Inc. (TSE:4819) from Oasis Management Company Ltd. on July 31, 2025. Before completion, Resona Holdings, Inc. held 12.42% stake and Oasis Management Company Ltd. held 18.52% stake in Digital Garage, Inc. After completion, Resona Holdings, Inc. will hold 30.95% stake and Oasis Management Company Ltd. will no longer hold any stake in Digital Garage, Inc. The expected completion of the transaction is from late August 2025 to late September 2025. Resona Holdings, Inc. (TSE:8308) completed the acquisition of additional 17.9% stake in Digital Garage, Inc. (TSE:4819) from Oasis Management Company Ltd. on September 22, 2025.Reported Earnings • Aug 08First quarter 2026 earnings released: JP¥14.68 loss per share (vs JP¥67.04 profit in 1Q 2025)First quarter 2026 results: JP¥14.68 loss per share (down from JP¥67.04 profit in 1Q 2025). Revenue: JP¥8.34b (down 20% from 1Q 2025). Net loss: JP¥673.0m (down 121% from profit in 1Q 2025). Revenue is forecast to grow 18% 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, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.分析記事 • Jul 25Is Digital Garage (TSE:4819) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...お知らせ • Jun 30Ceres Inc. (TSE:3696) acquired 19.14% stake in CyberBuzz, Inc. (TSE:7069) from Digital Garage, Inc. (TSE:4819).Ceres Inc. (TSE:3696) acquired 19.14% stake in CyberBuzz, Inc. (TSE:7069) from Digital Garage, Inc. (TSE:4819) on June 30, 2025. As a result of this transfer, Digital Garage will no longer be one of our other affiliates or major shareholders. Masashi Tanaka, who was appointed from Digital Garage as an outside director of the Company, will resign as of June 30, 2025 in connection with this transfer. Ceres Inc. (TSE:3696) completed the acquisition of 19.14% stake in CyberBuzz, Inc. (TSE:7069) from Digital Garage, Inc. (TSE:4819) on June 30, 2025.お知らせ • Jun 27Digital Garage, Inc. Appoints Hiroyuki Nozaki as Head of Group CEO Division, Effective August 1, 2025Digital Garage, Inc. Announces executive change: Name: Hiroyuki Nozaki: New position: Corporate Officer, Head of Group CEO Division, Deputy Head of Corporate Division . Current Position: Corporate Officer, Deputy Head of Corporate Division. Effective Date: August 1, 2025.お知らせ • May 31Digital Garage, Inc. to Report Q1, 2026 Results on Aug 07, 2025Digital Garage, Inc. announced that they will report Q1, 2026 results on Aug 07, 2025Reported Earnings • May 15Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: JP¥155 loss per share (down from JP¥127 profit in FY 2024). Revenue: JP¥32.2b (up 2.6% from FY 2024). Net loss: JP¥7.19b (down 224% from profit in FY 2024). Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.お知らせ • May 13Digital Garage, Inc., Annual General Meeting, Jun 26, 2025Digital Garage, Inc., Annual General Meeting, Jun 26, 2025.分析記事 • Apr 13Is Digital Garage (TSE:4819) Using Debt In A Risky Way?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...お知らせ • Mar 27Digital Garage, Inc. to Report Fiscal Year 2025 Results on May 13, 2025Digital Garage, Inc. announced that they will report fiscal year 2025 results on May 13, 2025Upcoming Dividend • Mar 21Upcoming dividend of JP¥53.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.4%).分析記事 • Feb 14Market Participants Recognise Digital Garage, Inc.'s (TSE:4819) Revenues Pushing Shares 25% HigherDigital Garage, Inc. ( TSE:4819 ) shareholders have had their patience rewarded with a 25% share price jump in the last...お知らせ • Feb 12Digital Garage, Inc. (TSE:4819) acquired an additional unknown stake in Pocket Change Inc.Digital Garage, Inc. (TSE:4819) acquired an additional unknown stake in Pocket Change Inc. on February 10, 2025. Digital Garage, Inc. (TSE:4819) completed the acquisition of additional unknown stake in Pocket Change Inc. on February 10, 2025.Reported Earnings • Feb 11Third quarter 2025 earnings released: EPS: JP¥72.93 (vs JP¥26.78 loss in 3Q 2024)Third quarter 2025 results: EPS: JP¥72.93 (up from JP¥26.78 loss in 3Q 2024). Revenue: JP¥9.42b (up 100% from 3Q 2024). Net income: JP¥3.34b (up JP¥4.54b from 3Q 2024). Profit margin: 36% (up from net loss in 3Q 2024). Revenue is forecast to grow 14% 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, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.お知らせ • Feb 10Digital Garage, Inc. Announces Special Dividend for the Fiscal Year Ending March 31, 2025Digital Garage, Inc. announced Special dividend for the fiscal year ending March 31, 2025. For the period, the company announced special dividend of JPY 10 per share.分析記事 • Feb 10Digital Garage's (TSE:4819) Upcoming Dividend Will Be Larger Than Last Year'sDigital Garage, Inc.'s ( TSE:4819 ) dividend will be increasing from last year's payment of the same period to ¥53.00...お知らせ • Feb 10Digital Garage, Inc. Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2025Digital Garage, Inc. provided year-end dividend guidance for the fiscal year ending March 31, 2025. For the period, the company expects dividend of JPY 43 per share compared to JPY 40 per share a year ago.Major Estimate Revision • Jan 08Consensus EPS estimates fall from profit to JP¥116 lossThe consensus outlook for fiscal year 2025 has been updated. Expected to report loss instead of -JP¥116 instead of JP¥113 per share profit previously forecast. Revenue forecast unchanged at JP¥40.5b IT industry in Japan expected to see average net income growth of 16% next year. Consensus price target up from JP¥2,500 to JP¥3,650. Share price fell 2.1% to JP¥3,780 over the past week.Price Target Changed • Jan 07Price target increased by 43% to JP¥3,650Up from JP¥2,550, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥3,835. Stock is up 6.5% over the past year. The company is forecast to post a net loss per share of JP¥116 compared to earnings per share of JP¥127 last year.分析記事 • Jan 03Digital Garage's (TSE:4819) Dividend Will Be Increased To ¥53.00Digital Garage, Inc. ( TSE:4819 ) will increase its dividend from last year's comparable payment on the 24th of June to...お知らせ • Jan 03Digital Garage, Inc. to Report Q3, 2025 Results on Feb 10, 2025Digital Garage, Inc. announced that they will report Q3, 2025 results on Feb 10, 2025分析記事 • Nov 26Digital Garage, Inc. (TSE:4819) Stocks Shoot Up 27% But Its P/S Still Looks ReasonableDigital Garage, Inc. ( TSE:4819 ) shareholders have had their patience rewarded with a 27% share price jump in the last...New Risk • Nov 14New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding).分析記事 • Nov 11Digital Garage (TSE:4819) Is Paying Out A Larger Dividend Than Last YearThe board of Digital Garage, Inc. ( TSE:4819 ) has announced that it will be paying its dividend of ¥53.00 on the 24th...Declared Dividend • Nov 09Dividend of JP¥53.00 announcedShareholders will receive a dividend of JP¥53.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 1.5%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (12% cash payout ratio). The dividend has increased by an average of 24% 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.分析記事 • Nov 08Returns On Capital Signal Tricky Times Ahead For Digital Garage (TSE:4819)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...New Risk • Nov 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results.お知らせ • Sep 27+ 1 more updateDigital Garage, Inc. to Report Q2, 2025 Results on Nov 07, 2024Digital Garage, Inc. announced that they will report Q2, 2025 results on Nov 07, 2024分析記事 • Sep 25Digital Garage, Inc.'s (TSE:4819) P/S Is On The MarkWhen you see that almost half of the companies in the IT industry in Japan have price-to-sales ratios (or "P/S") below...分析記事 • Aug 31News Flash: One Analyst Just Made A Notable Upgrade To Their Digital Garage, Inc. (TSE:4819) ForecastsDigital Garage, Inc. ( TSE:4819 ) shareholders will have a reason to smile today, with the covering analyst making...Major Estimate Revision • Aug 31Consensus revenue estimates increase by 11%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥36.2b to JP¥40.1b. EPS estimate increased from JP¥104 to JP¥113 per share. Net income forecast to grow 7.5% next year vs 16% growth forecast for IT industry in Japan. Consensus price target broadly unchanged at JP¥2,500. Share price was steady at JP¥2,928 over the past week.Reported Earnings • Aug 11First quarter 2025 earnings released: EPS: JP¥67.04 (vs JP¥88.96 in 1Q 2024)First quarter 2025 results: EPS: JP¥67.04 (down from JP¥88.96 in 1Q 2024). Revenue: JP¥10.4b (down 4.5% from 1Q 2024). Net income: JP¥3.17b (down 23% from 1Q 2024). Profit margin: 30% (down from 38% in 1Q 2024). Revenue is forecast to grow 12% 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, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance.New Risk • Aug 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Shareholders have been diluted in the past year (2.7% increase in shares outstanding).Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥2,375, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the IT industry in Japan. Total loss to shareholders of 48% over the past three years.お知らせ • Jun 28Digital Garage, Inc. to Report Q1, 2025 Results on Aug 08, 2024Digital Garage, Inc. announced that they will report Q1, 2025 results on Aug 08, 2024Reported Earnings • Jun 26Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: JP¥127 (up from JP¥193 loss in FY 2023). Revenue: JP¥31.4b (up 25% from FY 2023). Net income: JP¥5.81b (up JP¥14.9b from FY 2023). Profit margin: 19% (up from net loss in FY 2023). Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 8.7%. 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, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance.お知らせ • Jun 20Digital Garage, Inc. (TSE:4819) announces an Equity Buyback for 2,200,000 shares, representing 4.64% for ¥4,000 million.Digital Garage, Inc. (TSE:4819) announces a share repurchase program. Under the program, the company will repurchase up to 2,200,000 shares, representing 4.64% of its issued share capital, for ¥4,000 million. The purpose of the program is to actively return profits to shareholders based on the progress of our business. The share repurchase program will run until January 31, 2025. As of March 31, 2024, the company had 47,379,729 shares issued (excluding treasury stock) and 239,371 shares in treasury.分析記事 • Jun 17Digital Garage (TSE:4819) Has Debt But No Earnings; Should You Worry?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...New Risk • Jun 11New 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 5.5% 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 High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.5% average weekly change). Shareholders have been diluted in the past year (2.8% increase in shares outstanding).Major Estimate Revision • Jun 06Consensus EPS estimates fall by 14%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from JP¥33.8b to JP¥36.2b. EPS estimate fell from JP¥121 to JP¥104 per share. Net income forecast to shrink 15% next year vs 14% growth forecast for IT industry in Japan . Consensus price target down from JP¥3,550 to JP¥2,550. Share price rose 2.7% to JP¥2,354 over the past week.New Risk • May 21New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.8% increase in shares outstanding).分析記事 • May 21We Think That There Are Issues Underlying Digital Garage's (TSE:4819) EarningsInvestors were disappointed with Digital Garage, Inc.'s ( TSE:4819 ) earnings, despite the strong profit numbers. We...Reported Earnings • May 11Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: JP¥127 (up from JP¥193 loss in FY 2023). Revenue: JP¥31.4b (up 25% from FY 2023). Net income: JP¥5.81b (up JP¥14.9b from FY 2023). Profit margin: 19% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 8.7%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.お知らせ • May 11Digital Garage, Inc., Annual General Meeting, Jun 21, 2024Digital Garage, Inc., Annual General Meeting, Jun 21, 2024.New Risk • Apr 30New 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 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.4% increase in shares outstanding).Valuation Update With 7 Day Price Move • Apr 19Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥2,548, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 42% over the past three years.お知らせ • Apr 03Digital Garage, Inc. (TSE:4819) completed the acquisition of 20% stake in Resona Kessai Service Co.,Ltd. from Resona Holdings, Inc. (TSE:8308).Digital Garage, Inc. (TSE:4819) has reached a basic agreement to acquire 20% stake in Resona Kessai Service Co.,Ltd. from Resona Holdings, Inc. (TSE:8308) on December 22, 2023. Resona and Digital Garage plans to discuss separately and reach an agreement on the terms and conditions of such share acquisition. BofA Securities acted as exclusive financial advisor to Resona Holdings. Digital Garage, Inc. (TSE:4819) completed the acquisition of 20% stake in Resona Kessai Service Co.,Ltd. from Resona Holdings, Inc. (TSE:8308) on April 1, 2024.Major Estimate Revision • Mar 30Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥40.3b to JP¥36.0b. EPS estimate fell from JP¥178 to JP¥117 per share. Net income forecast to grow 62% next year vs 18% growth forecast for IT industry in Japan. Consensus price target down from JP¥3,850 to JP¥3,550. Share price was steady at JP¥3,315 over the past week.お知らせ • Mar 29Digital Garage, Inc. Announces Management Appointments, Effective April 1, 2024At the Board of Directors meeting on March 29, 2024, Digital Garage Inc. resolved to make corporate officer appointments and personnel changes. Daniel Brandt appointed as Corporate Officer and Chief Investor Relations Officer (CIRO) and responsible for investor relations. Lisa Katayama appointed as Corporate Officer and Chief Transformation Officer (CTrO) and responsible for corporate transformation. Effective date on April 1, 2024.お知らせ • Mar 28Digital Garage, Inc. to Report Fiscal Year 2024 Results on May 09, 2024Digital Garage, Inc. announced that they will report fiscal year 2024 results on May 09, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.4%).New Risk • Mar 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.3% increase in shares outstanding).分析記事 • Feb 28Getting In Cheap On Digital Garage, Inc. (TSE:4819) Might Be DifficultWhen you see that almost half of the companies in the IT industry in Japan have price-to-sales ratios (or "P/S") below...Declared Dividend • Feb 24Dividend increased to JP¥40.00Dividend of JP¥40.00 is 8.1% higher than last year. Ex-date: 28th March 2024 Payment date: 26th June 2024 Dividend yield will be 1.2%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% 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 45% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 10Third quarter 2024 earnings released: JP¥26.79 loss per share (vs JP¥76.80 loss in 3Q 2023)Third quarter 2024 results: JP¥26.79 loss per share (improved from JP¥76.80 loss in 3Q 2023). Revenue: JP¥4.72b (down 23% from 3Q 2023). Net loss: JP¥1.20b (loss narrowed 67% from 3Q 2023). Revenue is forecast to grow 8.0% 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 fallen by 55% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.お知らせ • Dec 28Digital Garage, Inc. to Report Q3, 2024 Results on Feb 08, 2024Digital Garage, Inc. announced that they will report Q3, 2024 results on Feb 08, 2024New Risk • Nov 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 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin).New Risk • Nov 10New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.4% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin).Buying Opportunity • Nov 10Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be JP¥3,932, 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. Meanwhile, the company became loss making.お知らせ • Sep 28Digital Garage, Inc. to Report Q2, 2024 Results on Nov 09, 2023Digital Garage, Inc. announced that they will report Q2, 2024 results on Nov 09, 2023Price Target Changed • Sep 15Price target decreased by 7.8% to JP¥4,700Down from JP¥5,100, the current price target is an average from 2 analysts. New target price is 25% above last closing price of JP¥3,770. Stock is up 1.8% over the past year. The company is forecast to post earnings per share of JP¥178 next year compared to a net loss per share of JP¥193 last year.Reported Earnings • Aug 10First quarter 2024 earnings released: EPS: JP¥88.96 (vs JP¥158 in 1Q 2023)First quarter 2024 results: EPS: JP¥88.96 (down from JP¥158 in 1Q 2023). Revenue: JP¥10.9b (down 19% from 1Q 2023). Net income: JP¥4.10b (down 45% from 1Q 2023). Profit margin: 38% (down from 55% in 1Q 2023). Revenue is forecast to grow 13% 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 fallen by 26% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Price Target Changed • Jul 25Price target decreased by 9.8% to JP¥4,600Down from JP¥5,100, the current price target is provided by 1 analyst. New target price is 14% above last closing price of JP¥4,025. Stock is up 2.2% over the past year. The company is forecast to post earnings per share of JP¥120 next year compared to a net loss per share of JP¥193 last year.お知らせ • Jun 29Digital Garage, Inc. to Report Q1, 2024 Results on Aug 09, 2023Digital Garage, Inc. announced that they will report Q1, 2024 results on Aug 09, 2023お知らせ • Jun 06Digital Garage, Inc. (TSE:4819) announces an Equity Buyback for 1,600,000 shares, representing 3.47% for ¥5,000 million.Digital Garage, Inc. (TSE:4819) announces a share repurchase program. Under the program, the company will repurchase up to 1,600,000 shares, representing 3.47% of its issued share capital, for ¥5,000 million. The purpose of the program is to improve company's corporate value and implement flexible capital policy. The share repurchase program will run until November 30, 2023. As of March 31, 2023, the company had 46,072,674 shares issued (excluding treasury stock) and 1,534,826 shares in treasury.お知らせ • May 16Digital Garage, Inc. Announces Dividend for the Fiscal Year Ended March 31, 2023, Payable on June 26, 2023Digital Garage, Inc. announced dividend of JPY 37.00 per share for the fiscal year ended March 31, 2023 against JPY 35.00 per share paid a year ago. Scheduled date to commence dividend payments is June 26, 2023.Reported Earnings • May 14Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: JP¥193 loss per share (down from JP¥655 profit in FY 2022). Revenue: JP¥25.1b (down 53% from FY 2022). Net loss: JP¥9.06b (down 130% from profit in FY 2022). Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) also missed analyst estimates by 64%. Revenue is forecast to grow 19% 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 2% per year whereas the company’s share price has increased by 5% per year.お知らせ • May 13Digital Garage, Inc., Annual General Meeting, Jun 23, 2023Digital Garage, Inc., Annual General Meeting, Jun 23, 2023.Buying Opportunity • Mar 28Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 7.9%. The fair value is estimated to be JP¥5,230, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company became loss making.Price Target Changed • Mar 24Price target increased by 8.5% to JP¥5,100Up from JP¥4,700, the current price target is an average from 2 analysts. New target price is 21% above last closing price of JP¥4,220. Stock is down 4.6% over the past year. The company is forecast to post earnings per share of JP¥25.30 for next year compared to JP¥655 last year.Reported Earnings • Feb 12Third quarter 2023 earnings released: JP¥76.80 loss per share (vs JP¥93.32 profit in 3Q 2022)Third quarter 2023 results: JP¥76.80 loss per share (down from JP¥93.32 profit in 3Q 2022). Revenue: JP¥6.13b (down 42% from 3Q 2022). Net loss: JP¥3.61b (down 184% from profit in 3Q 2022). Revenue is forecast to grow 17% 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 24% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.株主還元4819JP ITJP 市場7D-6.5%0.5%1.9%1Y-58.8%-6.6%41.5%株主還元を見る業界別リターン: 4819過去 1 年間で-6.6 % の収益を上げたJP IT業界を下回りました。リターン対市場: 4819は、過去 1 年間で41.5 % のリターンを上げたJP市場を下回りました。価格変動Is 4819's price volatile compared to industry and market?4819 volatility4819 Average Weekly Movement9.9%IT Industry Average Movement5.1%Market Average Movement4.9%10% most volatile stocks in JP Market9.6%10% least volatile stocks in JP Market2.5%安定した株価: 4819の株価は、 JP市場と比較して過去 3 か月間で変動しています。時間の経過による変動: 4819の weekly volatility ( 10% ) は過去 1 年間安定していますが、依然としてJPの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19951,321Kaoru Hayashiwww.garage.co.jp/en/株式会社デジタルガレージは、日本でコンテクスト・カンパニーとして事業を展開している。プラットフォーム・ソリューション事業、長期インキュベーション事業、グローバル・インベストメント・インキュベーション事業を展開している。同社は、クレジットカード決済、コンビニ決済、QRコード決済システムなどの決済プラットフォームや、リアル店舗・EC向け電子決済、ECサイト構築、プロモーション、顧客行動分析、データ活用サービスなどのビジネス支援ソリューションを提供している。また、不動産や外食産業向けのデジタルトランスフォーメーションサービスも展開している。また、国内外のスタートアップ企業への投資・育成も行っている。さらに、不正検知・防止、マーケティング、マネージドサービス、システム保守・ソリューション、ウェブ広告テクノロジー、不動産広告代理、ワインスクール運営・卸売、不動産所有・賃貸などの事業も展開している。株式会社デジタルガレージは1995年に設立され、渋谷に本社を置いている。もっと見るDigital Garage, Inc. 基礎のまとめDigital Garage の収益と売上を時価総額と比較するとどうか。4819 基礎統計学時価総額JP¥93.38b収益（TTM）JP¥1.28b売上高(TTM)JP¥35.22b72.8xPER（株価収益率2.7xP/Sレシオ4819 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計4819 損益計算書（TTM）収益JP¥35.22b売上原価JP¥13.29b売上総利益JP¥21.93bその他の費用JP¥20.65b収益JP¥1.28b直近の収益報告Mar 31, 2026次回決算日該当なし一株当たり利益（EPS）27.95グロス・マージン62.28%純利益率3.64%有利子負債／自己資本比率79.9%4819 の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.3%現在の配当利回り102%配当性向4819 配当は確実ですか？4819 配当履歴とベンチマークを見る4819 、いつまでに購入すれば配当金を受け取れますか？Digital Garage 配当日配当落ち日Mar 30 2026配当支払日Jun 25 2026配当落ちまでの日数63 days配当支払日までの日数24 days4819 配当は確実ですか？4819 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/31 02:25終値2026/05/29 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Digital Garage, Inc. 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。8 アナリスト機関Futoshi SasakiBofA Global Researchnull nullDaiwa Securities Co. Ltd.Kazuki TokunagaDaiwa Securities Co. Ltd.5 その他のアナリストを表示
Major Estimate Revision • May 28Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2027 has deteriorated. 2027 revenue forecast decreased from JP¥45.6b to JP¥43.5b. EPS estimate also fell from JP¥106 per share to JP¥82.28 per share. Net income forecast to grow 194% next year vs 7.9% growth forecast for IT industry in Japan. Consensus price target of JP¥3,517 unchanged from last update. Share price fell 4.4% to JP¥2,070 over the past week.
Buy Or Sell Opportunity • May 26Now 21% undervaluedOver the last 90 days, the stock has risen 8.5% to JP¥2,127. The fair value is estimated to be JP¥2,677, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 38% per annum over the same time period.
Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥2,155, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the IT industry in Japan. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,644 per share.
Reported Earnings • May 18Full year 2026 earnings: EPS and revenues miss analyst expectationsFull year 2026 results: EPS: JP¥27.96 (up from JP¥155 loss in FY 2025). Revenue: JP¥35.2b (up 9.4% from FY 2025). Net income: JP¥1.28b (up JP¥8.47b from FY 2025). Profit margin: 3.6% (up from net loss in FY 2025). The move to profitability was primarily driven by lower expenses. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 73%. Revenue is forecast to grow 14% 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 41% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
お知らせ • May 14+ 1 more updateDigital Garage, Inc., Annual General Meeting, Jun 24, 2026Digital Garage, Inc., Annual General Meeting, Jun 24, 2026.
お知らせ • May 09Digital Garage, Inc. to Report Fiscal Year 2026 Results on May 14, 2026Digital Garage, Inc. announced that they will report fiscal year 2026 results on May 14, 2026
Major Estimate Revision • May 28Consensus EPS estimates fall by 22%The consensus outlook for earnings per share (EPS) in fiscal year 2027 has deteriorated. 2027 revenue forecast decreased from JP¥45.6b to JP¥43.5b. EPS estimate also fell from JP¥106 per share to JP¥82.28 per share. Net income forecast to grow 194% next year vs 7.9% growth forecast for IT industry in Japan. Consensus price target of JP¥3,517 unchanged from last update. Share price fell 4.4% to JP¥2,070 over the past week.
Buy Or Sell Opportunity • May 26Now 21% undervaluedOver the last 90 days, the stock has risen 8.5% to JP¥2,127. The fair value is estimated to be JP¥2,677, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 38% per annum over the same time period.
Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to JP¥2,155, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the IT industry in Japan. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,644 per share.
Reported Earnings • May 18Full year 2026 earnings: EPS and revenues miss analyst expectationsFull year 2026 results: EPS: JP¥27.96 (up from JP¥155 loss in FY 2025). Revenue: JP¥35.2b (up 9.4% from FY 2025). Net income: JP¥1.28b (up JP¥8.47b from FY 2025). Profit margin: 3.6% (up from net loss in FY 2025). The move to profitability was primarily driven by lower expenses. Revenue missed analyst estimates by 5.0%. Earnings per share (EPS) also missed analyst estimates by 73%. Revenue is forecast to grow 14% 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 41% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
お知らせ • May 14+ 1 more updateDigital Garage, Inc., Annual General Meeting, Jun 24, 2026Digital Garage, Inc., Annual General Meeting, Jun 24, 2026.
お知らせ • May 09Digital Garage, Inc. to Report Fiscal Year 2026 Results on May 14, 2026Digital Garage, Inc. announced that they will report fiscal year 2026 results on May 14, 2026
New Risk • Apr 23New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). High level of non-cash earnings (119% accrual ratio).
Valuation Update With 7 Day Price Move • Apr 23Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥2,778, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the IT industry in Japan. Total loss to shareholders of 36% over the past three years.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥47.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%).
Major Estimate Revision • Mar 06Consensus EPS estimates fall by 26%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from JP¥135 to JP¥100 per share. Revenue forecast steady at JP¥42.7b. Net income forecast to grow 150% next year vs 7.4% growth forecast for IT industry in Japan. Consensus price target down from JP¥3,800 to JP¥3,200. Share price fell 2.1% to JP¥2,076 over the past week.
Reported Earnings • Feb 14Third quarter 2026 earnings released: EPS: JP¥44.48 (vs JP¥72.93 in 3Q 2025)Third quarter 2026 results: EPS: JP¥44.48 (down from JP¥72.93 in 3Q 2025). Revenue: JP¥10.6b (up 13% from 3Q 2025). Net income: JP¥2.04b (down 39% from 3Q 2025). Profit margin: 19% (down from 36% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% 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 29% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.
分析記事 • Feb 13Digital Garage, Inc.'s (TSE:4819) 25% Cheaper Price Remains In Tune With RevenuesTo the annoyance of some shareholders, Digital Garage, Inc. ( TSE:4819 ) shares are down a considerable 25% in the last...
New Risk • Feb 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 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results.
お知らせ • Dec 24Digital Garage, Inc. to Report Q3, 2026 Results on Feb 12, 2026Digital Garage, Inc. announced that they will report Q3, 2026 results on Feb 12, 2026
Major Estimate Revision • Dec 04Consensus EPS estimates increase by 62%The consensus outlook for earnings per share (EPS) in fiscal year 2026 has improved. 2026 revenue forecast increased from JP¥42.5b to JP¥45.0b. EPS estimate increased from JP¥84.94 to JP¥137 per share. Net income forecast to grow 103% next year vs 14% growth forecast for IT industry in Japan. Consensus price target down from JP¥5,060 to JP¥4,100. Share price fell 7.8% to JP¥2,917 over the past week.
Buy Or Sell Opportunity • Nov 28Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to JP¥3,010. The fair value is estimated to be JP¥3,834, 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. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 8.5% per annum. Earnings are also forecast to grow by 22% per annum over the same time period.
分析記事 • Nov 20Digital Garage's (TSE:4819) Performance Is Even Better Than Its Earnings SuggestEven though Digital Garage, Inc.'s ( TSE:4819 ) recent earnings release was robust, the market didn't seem to notice...
Declared Dividend • Nov 15Dividend of JP¥47.00 announcedShareholders will receive a dividend of JP¥47.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 1.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 12% 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 83% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Nov 05Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 13% to JP¥3,220. The fair value is estimated to be JP¥4,057, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making.
分析記事 • Oct 19Digital Garage, Inc.'s (TSE:4819) P/S Still Appears To Be ReasonableDigital Garage, Inc.'s ( TSE:4819 ) price-to-sales (or "P/S") ratio of 4.9x may look like a poor investment opportunity...
Buy Or Sell Opportunity • Oct 15Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 23% to JP¥3,255. The fair value is estimated to be JP¥4,069, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 12% over the last 3 years. Meanwhile, the company became loss making.
分析記事 • Oct 01When Should You Buy Digital Garage, Inc. (TSE:4819)?Digital Garage, Inc. ( TSE:4819 ), is not the largest company out there, but it received a lot of attention from a...
お知らせ • Sep 27Digital Garage, Inc. to Report Q2, 2026 Results on Nov 13, 2025Digital Garage, Inc. announced that they will report Q2, 2026 results on Nov 13, 2025
お知らせ • Sep 22Resona Holdings, Inc. (TSE:8308) completed the acquisition of additional 17.9% stake in Digital Garage, Inc. (TSE:4819) from Oasis Management Company Ltd.Resona Holdings, Inc. (TSE:8308) entered into a share transfer agreement to acquire additional 17.9% stake in Digital Garage, Inc. (TSE:4819) from Oasis Management Company Ltd. on July 31, 2025. Before completion, Resona Holdings, Inc. held 12.42% stake and Oasis Management Company Ltd. held 18.52% stake in Digital Garage, Inc. After completion, Resona Holdings, Inc. will hold 30.95% stake and Oasis Management Company Ltd. will no longer hold any stake in Digital Garage, Inc. The expected completion of the transaction is from late August 2025 to late September 2025. Resona Holdings, Inc. (TSE:8308) completed the acquisition of additional 17.9% stake in Digital Garage, Inc. (TSE:4819) from Oasis Management Company Ltd. on September 22, 2025.
Reported Earnings • Aug 08First quarter 2026 earnings released: JP¥14.68 loss per share (vs JP¥67.04 profit in 1Q 2025)First quarter 2026 results: JP¥14.68 loss per share (down from JP¥67.04 profit in 1Q 2025). Revenue: JP¥8.34b (down 20% from 1Q 2025). Net loss: JP¥673.0m (down 121% from profit in 1Q 2025). Revenue is forecast to grow 18% 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, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance.
分析記事 • Jul 25Is Digital Garage (TSE:4819) Using Too Much Debt?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
お知らせ • Jun 30Ceres Inc. (TSE:3696) acquired 19.14% stake in CyberBuzz, Inc. (TSE:7069) from Digital Garage, Inc. (TSE:4819).Ceres Inc. (TSE:3696) acquired 19.14% stake in CyberBuzz, Inc. (TSE:7069) from Digital Garage, Inc. (TSE:4819) on June 30, 2025. As a result of this transfer, Digital Garage will no longer be one of our other affiliates or major shareholders. Masashi Tanaka, who was appointed from Digital Garage as an outside director of the Company, will resign as of June 30, 2025 in connection with this transfer. Ceres Inc. (TSE:3696) completed the acquisition of 19.14% stake in CyberBuzz, Inc. (TSE:7069) from Digital Garage, Inc. (TSE:4819) on June 30, 2025.
お知らせ • Jun 27Digital Garage, Inc. Appoints Hiroyuki Nozaki as Head of Group CEO Division, Effective August 1, 2025Digital Garage, Inc. Announces executive change: Name: Hiroyuki Nozaki: New position: Corporate Officer, Head of Group CEO Division, Deputy Head of Corporate Division . Current Position: Corporate Officer, Deputy Head of Corporate Division. Effective Date: August 1, 2025.
お知らせ • May 31Digital Garage, Inc. to Report Q1, 2026 Results on Aug 07, 2025Digital Garage, Inc. announced that they will report Q1, 2026 results on Aug 07, 2025
Reported Earnings • May 15Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: JP¥155 loss per share (down from JP¥127 profit in FY 2024). Revenue: JP¥32.2b (up 2.6% from FY 2024). Net loss: JP¥7.19b (down 224% from profit in FY 2024). Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) missed analyst estimates by 31%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance.
お知らせ • May 13Digital Garage, Inc., Annual General Meeting, Jun 26, 2025Digital Garage, Inc., Annual General Meeting, Jun 26, 2025.
分析記事 • Apr 13Is Digital Garage (TSE:4819) Using Debt In A Risky Way?Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
お知らせ • Mar 27Digital Garage, Inc. to Report Fiscal Year 2025 Results on May 13, 2025Digital Garage, Inc. announced that they will report fiscal year 2025 results on May 13, 2025
Upcoming Dividend • Mar 21Upcoming dividend of JP¥53.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.4%).
分析記事 • Feb 14Market Participants Recognise Digital Garage, Inc.'s (TSE:4819) Revenues Pushing Shares 25% HigherDigital Garage, Inc. ( TSE:4819 ) shareholders have had their patience rewarded with a 25% share price jump in the last...
お知らせ • Feb 12Digital Garage, Inc. (TSE:4819) acquired an additional unknown stake in Pocket Change Inc.Digital Garage, Inc. (TSE:4819) acquired an additional unknown stake in Pocket Change Inc. on February 10, 2025. Digital Garage, Inc. (TSE:4819) completed the acquisition of additional unknown stake in Pocket Change Inc. on February 10, 2025.
Reported Earnings • Feb 11Third quarter 2025 earnings released: EPS: JP¥72.93 (vs JP¥26.78 loss in 3Q 2024)Third quarter 2025 results: EPS: JP¥72.93 (up from JP¥26.78 loss in 3Q 2024). Revenue: JP¥9.42b (up 100% from 3Q 2024). Net income: JP¥3.34b (up JP¥4.54b from 3Q 2024). Profit margin: 36% (up from net loss in 3Q 2024). Revenue is forecast to grow 14% 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, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance.
お知らせ • Feb 10Digital Garage, Inc. Announces Special Dividend for the Fiscal Year Ending March 31, 2025Digital Garage, Inc. announced Special dividend for the fiscal year ending March 31, 2025. For the period, the company announced special dividend of JPY 10 per share.
分析記事 • Feb 10Digital Garage's (TSE:4819) Upcoming Dividend Will Be Larger Than Last Year'sDigital Garage, Inc.'s ( TSE:4819 ) dividend will be increasing from last year's payment of the same period to ¥53.00...
お知らせ • Feb 10Digital Garage, Inc. Provides Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2025Digital Garage, Inc. provided year-end dividend guidance for the fiscal year ending March 31, 2025. For the period, the company expects dividend of JPY 43 per share compared to JPY 40 per share a year ago.
Major Estimate Revision • Jan 08Consensus EPS estimates fall from profit to JP¥116 lossThe consensus outlook for fiscal year 2025 has been updated. Expected to report loss instead of -JP¥116 instead of JP¥113 per share profit previously forecast. Revenue forecast unchanged at JP¥40.5b IT industry in Japan expected to see average net income growth of 16% next year. Consensus price target up from JP¥2,500 to JP¥3,650. Share price fell 2.1% to JP¥3,780 over the past week.
Price Target Changed • Jan 07Price target increased by 43% to JP¥3,650Up from JP¥2,550, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥3,835. Stock is up 6.5% over the past year. The company is forecast to post a net loss per share of JP¥116 compared to earnings per share of JP¥127 last year.
分析記事 • Jan 03Digital Garage's (TSE:4819) Dividend Will Be Increased To ¥53.00Digital Garage, Inc. ( TSE:4819 ) will increase its dividend from last year's comparable payment on the 24th of June to...
お知らせ • Jan 03Digital Garage, Inc. to Report Q3, 2025 Results on Feb 10, 2025Digital Garage, Inc. announced that they will report Q3, 2025 results on Feb 10, 2025
分析記事 • Nov 26Digital Garage, Inc. (TSE:4819) Stocks Shoot Up 27% But Its P/S Still Looks ReasonableDigital Garage, Inc. ( TSE:4819 ) shareholders have had their patience rewarded with a 27% share price jump in the last...
New Risk • Nov 14New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
分析記事 • Nov 11Digital Garage (TSE:4819) Is Paying Out A Larger Dividend Than Last YearThe board of Digital Garage, Inc. ( TSE:4819 ) has announced that it will be paying its dividend of ¥53.00 on the 24th...
Declared Dividend • Nov 09Dividend of JP¥53.00 announcedShareholders will receive a dividend of JP¥53.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 1.5%, which is about the same as the industry average. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (12% cash payout ratio). The dividend has increased by an average of 24% 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.
分析記事 • Nov 08Returns On Capital Signal Tricky Times Ahead For Digital Garage (TSE:4819)If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
New Risk • Nov 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results.
お知らせ • Sep 27+ 1 more updateDigital Garage, Inc. to Report Q2, 2025 Results on Nov 07, 2024Digital Garage, Inc. announced that they will report Q2, 2025 results on Nov 07, 2024
分析記事 • Sep 25Digital Garage, Inc.'s (TSE:4819) P/S Is On The MarkWhen you see that almost half of the companies in the IT industry in Japan have price-to-sales ratios (or "P/S") below...
分析記事 • Aug 31News Flash: One Analyst Just Made A Notable Upgrade To Their Digital Garage, Inc. (TSE:4819) ForecastsDigital Garage, Inc. ( TSE:4819 ) shareholders will have a reason to smile today, with the covering analyst making...
Major Estimate Revision • Aug 31Consensus revenue estimates increase by 11%The consensus outlook for revenues in fiscal year 2025 has improved. 2025 revenue forecast increased from JP¥36.2b to JP¥40.1b. EPS estimate increased from JP¥104 to JP¥113 per share. Net income forecast to grow 7.5% next year vs 16% growth forecast for IT industry in Japan. Consensus price target broadly unchanged at JP¥2,500. Share price was steady at JP¥2,928 over the past week.
Reported Earnings • Aug 11First quarter 2025 earnings released: EPS: JP¥67.04 (vs JP¥88.96 in 1Q 2024)First quarter 2025 results: EPS: JP¥67.04 (down from JP¥88.96 in 1Q 2024). Revenue: JP¥10.4b (down 4.5% from 1Q 2024). Net income: JP¥3.17b (down 23% from 1Q 2024). Profit margin: 30% (down from 38% in 1Q 2024). Revenue is forecast to grow 12% 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, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance.
New Risk • Aug 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risk Shareholders have been diluted in the past year (2.7% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥2,375, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 17x in the IT industry in Japan. Total loss to shareholders of 48% over the past three years.
お知らせ • Jun 28Digital Garage, Inc. to Report Q1, 2025 Results on Aug 08, 2024Digital Garage, Inc. announced that they will report Q1, 2025 results on Aug 08, 2024
Reported Earnings • Jun 26Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: JP¥127 (up from JP¥193 loss in FY 2023). Revenue: JP¥31.4b (up 25% from FY 2023). Net income: JP¥5.81b (up JP¥14.9b from FY 2023). Profit margin: 19% (up from net loss in FY 2023). Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 8.7%. 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, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 20Digital Garage, Inc. (TSE:4819) announces an Equity Buyback for 2,200,000 shares, representing 4.64% for ¥4,000 million.Digital Garage, Inc. (TSE:4819) announces a share repurchase program. Under the program, the company will repurchase up to 2,200,000 shares, representing 4.64% of its issued share capital, for ¥4,000 million. The purpose of the program is to actively return profits to shareholders based on the progress of our business. The share repurchase program will run until January 31, 2025. As of March 31, 2024, the company had 47,379,729 shares issued (excluding treasury stock) and 239,371 shares in treasury.
分析記事 • Jun 17Digital Garage (TSE:4819) Has Debt But No Earnings; Should You Worry?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
New Risk • Jun 11New 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 5.5% 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 High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.5% average weekly change). Shareholders have been diluted in the past year (2.8% increase in shares outstanding).
Major Estimate Revision • Jun 06Consensus EPS estimates fall by 14%, revenue upgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from JP¥33.8b to JP¥36.2b. EPS estimate fell from JP¥121 to JP¥104 per share. Net income forecast to shrink 15% next year vs 14% growth forecast for IT industry in Japan . Consensus price target down from JP¥3,550 to JP¥2,550. Share price rose 2.7% to JP¥2,354 over the past week.
New Risk • May 21New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (2.8% increase in shares outstanding).
分析記事 • May 21We Think That There Are Issues Underlying Digital Garage's (TSE:4819) EarningsInvestors were disappointed with Digital Garage, Inc.'s ( TSE:4819 ) earnings, despite the strong profit numbers. We...
Reported Earnings • May 11Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2024 results: EPS: JP¥127 (up from JP¥193 loss in FY 2023). Revenue: JP¥31.4b (up 25% from FY 2023). Net income: JP¥5.81b (up JP¥14.9b from FY 2023). Profit margin: 19% (up from net loss in FY 2023). The move to profitability was primarily driven by lower expenses. Revenue missed analyst estimates by 13%. Earnings per share (EPS) exceeded analyst estimates by 8.7%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.
お知らせ • May 11Digital Garage, Inc., Annual General Meeting, Jun 21, 2024Digital Garage, Inc., Annual General Meeting, Jun 21, 2024.
New Risk • Apr 30New 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 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.4% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥2,548, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 42% over the past three years.
お知らせ • Apr 03Digital Garage, Inc. (TSE:4819) completed the acquisition of 20% stake in Resona Kessai Service Co.,Ltd. from Resona Holdings, Inc. (TSE:8308).Digital Garage, Inc. (TSE:4819) has reached a basic agreement to acquire 20% stake in Resona Kessai Service Co.,Ltd. from Resona Holdings, Inc. (TSE:8308) on December 22, 2023. Resona and Digital Garage plans to discuss separately and reach an agreement on the terms and conditions of such share acquisition. BofA Securities acted as exclusive financial advisor to Resona Holdings. Digital Garage, Inc. (TSE:4819) completed the acquisition of 20% stake in Resona Kessai Service Co.,Ltd. from Resona Holdings, Inc. (TSE:8308) on April 1, 2024.
Major Estimate Revision • Mar 30Consensus revenue estimates fall by 11%The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥40.3b to JP¥36.0b. EPS estimate fell from JP¥178 to JP¥117 per share. Net income forecast to grow 62% next year vs 18% growth forecast for IT industry in Japan. Consensus price target down from JP¥3,850 to JP¥3,550. Share price was steady at JP¥3,315 over the past week.
お知らせ • Mar 29Digital Garage, Inc. Announces Management Appointments, Effective April 1, 2024At the Board of Directors meeting on March 29, 2024, Digital Garage Inc. resolved to make corporate officer appointments and personnel changes. Daniel Brandt appointed as Corporate Officer and Chief Investor Relations Officer (CIRO) and responsible for investor relations. Lisa Katayama appointed as Corporate Officer and Chief Transformation Officer (CTrO) and responsible for corporate transformation. Effective date on April 1, 2024.
お知らせ • Mar 28Digital Garage, Inc. to Report Fiscal Year 2024 Results on May 09, 2024Digital Garage, Inc. announced that they will report fiscal year 2024 results on May 09, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.4%).
New Risk • Mar 13New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.3% increase in shares outstanding).
分析記事 • Feb 28Getting In Cheap On Digital Garage, Inc. (TSE:4819) Might Be DifficultWhen you see that almost half of the companies in the IT industry in Japan have price-to-sales ratios (or "P/S") below...
Declared Dividend • Feb 24Dividend increased to JP¥40.00Dividend of JP¥40.00 is 8.1% higher than last year. Ex-date: 28th March 2024 Payment date: 26th June 2024 Dividend yield will be 1.2%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (51% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% 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 45% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 10Third quarter 2024 earnings released: JP¥26.79 loss per share (vs JP¥76.80 loss in 3Q 2023)Third quarter 2024 results: JP¥26.79 loss per share (improved from JP¥76.80 loss in 3Q 2023). Revenue: JP¥4.72b (down 23% from 3Q 2023). Net loss: JP¥1.20b (loss narrowed 67% from 3Q 2023). Revenue is forecast to grow 8.0% 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 fallen by 55% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
お知らせ • Dec 28Digital Garage, Inc. to Report Q3, 2024 Results on Feb 08, 2024Digital Garage, Inc. announced that they will report Q3, 2024 results on Feb 08, 2024
New Risk • Nov 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 5.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin).
New Risk • Nov 10New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.4% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin).
Buying Opportunity • Nov 10Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be JP¥3,932, 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. Meanwhile, the company became loss making.
お知らせ • Sep 28Digital Garage, Inc. to Report Q2, 2024 Results on Nov 09, 2023Digital Garage, Inc. announced that they will report Q2, 2024 results on Nov 09, 2023
Price Target Changed • Sep 15Price target decreased by 7.8% to JP¥4,700Down from JP¥5,100, the current price target is an average from 2 analysts. New target price is 25% above last closing price of JP¥3,770. Stock is up 1.8% over the past year. The company is forecast to post earnings per share of JP¥178 next year compared to a net loss per share of JP¥193 last year.
Reported Earnings • Aug 10First quarter 2024 earnings released: EPS: JP¥88.96 (vs JP¥158 in 1Q 2023)First quarter 2024 results: EPS: JP¥88.96 (down from JP¥158 in 1Q 2023). Revenue: JP¥10.9b (down 19% from 1Q 2023). Net income: JP¥4.10b (down 45% from 1Q 2023). Profit margin: 38% (down from 55% in 1Q 2023). Revenue is forecast to grow 13% 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 fallen by 26% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Price Target Changed • Jul 25Price target decreased by 9.8% to JP¥4,600Down from JP¥5,100, the current price target is provided by 1 analyst. New target price is 14% above last closing price of JP¥4,025. Stock is up 2.2% over the past year. The company is forecast to post earnings per share of JP¥120 next year compared to a net loss per share of JP¥193 last year.
お知らせ • Jun 29Digital Garage, Inc. to Report Q1, 2024 Results on Aug 09, 2023Digital Garage, Inc. announced that they will report Q1, 2024 results on Aug 09, 2023
お知らせ • Jun 06Digital Garage, Inc. (TSE:4819) announces an Equity Buyback for 1,600,000 shares, representing 3.47% for ¥5,000 million.Digital Garage, Inc. (TSE:4819) announces a share repurchase program. Under the program, the company will repurchase up to 1,600,000 shares, representing 3.47% of its issued share capital, for ¥5,000 million. The purpose of the program is to improve company's corporate value and implement flexible capital policy. The share repurchase program will run until November 30, 2023. As of March 31, 2023, the company had 46,072,674 shares issued (excluding treasury stock) and 1,534,826 shares in treasury.
お知らせ • May 16Digital Garage, Inc. Announces Dividend for the Fiscal Year Ended March 31, 2023, Payable on June 26, 2023Digital Garage, Inc. announced dividend of JPY 37.00 per share for the fiscal year ended March 31, 2023 against JPY 35.00 per share paid a year ago. Scheduled date to commence dividend payments is June 26, 2023.
Reported Earnings • May 14Full year 2023 earnings: EPS and revenues miss analyst expectationsFull year 2023 results: JP¥193 loss per share (down from JP¥655 profit in FY 2022). Revenue: JP¥25.1b (down 53% from FY 2022). Net loss: JP¥9.06b (down 130% from profit in FY 2022). Revenue missed analyst estimates by 9.3%. Earnings per share (EPS) also missed analyst estimates by 64%. Revenue is forecast to grow 19% 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 2% per year whereas the company’s share price has increased by 5% per year.
お知らせ • May 13Digital Garage, Inc., Annual General Meeting, Jun 23, 2023Digital Garage, Inc., Annual General Meeting, Jun 23, 2023.
Buying Opportunity • Mar 28Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 7.9%. The fair value is estimated to be JP¥5,230, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Meanwhile, the company became loss making.
Price Target Changed • Mar 24Price target increased by 8.5% to JP¥5,100Up from JP¥4,700, the current price target is an average from 2 analysts. New target price is 21% above last closing price of JP¥4,220. Stock is down 4.6% over the past year. The company is forecast to post earnings per share of JP¥25.30 for next year compared to JP¥655 last year.
Reported Earnings • Feb 12Third quarter 2023 earnings released: JP¥76.80 loss per share (vs JP¥93.32 profit in 3Q 2022)Third quarter 2023 results: JP¥76.80 loss per share (down from JP¥93.32 profit in 3Q 2022). Revenue: JP¥6.13b (down 42% from 3Q 2022). Net loss: JP¥3.61b (down 184% from profit in 3Q 2022). Revenue is forecast to grow 17% 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 24% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
