View ValuationComputer Engineering & Consulting 将来の成長Future 基準チェック /16Computer Engineering & Consultingは、6.6%と3.6%でそれぞれ年率6.6%で利益と収益が成長すると予測される一方、EPSはgrowで8.9%年率。主要情報6.6%収益成長率8.87%EPS成長率Software 収益成長13.5%収益成長率3.6%将来の株主資本利益率n/aアナリストカバレッジLow最終更新日18 Jun 2026今後の成長に関する最新情報お知らせ • Mar 15Computer Engineering & Consulting Ltd. Provides Consolidated Financial Guidance for the First Half of Fiscal Year and Full Year Ending January 31, 2027Computer Engineering & Consulting Ltd. provides consolidated financial guidance for the first half of fiscal year and full year ending January 31, 2027. For the first half, the company expects net sales to be JPY 32,850 million, operating income to be JPY 3,800 million, net income attributable to owners of parent to be JPY 2,600 million or JPY 83.31 per share. For the full year, the company expects net sales to be JPY 68,000 million, operating income to be JPY 7,750 million, net income attributable to owners of parent to be JPY 5,600 million or JPY 179.43 per share.Price Target Changed • Mar 28Price target increased by 31% to JP¥3,400Up from JP¥2,600, the current price target is provided by 1 analyst. New target price is 42% above last closing price of JP¥2,396. Stock is up 54% over the past year. The company is forecast to post earnings per share of JP¥154 for next year compared to JP¥122 last year.Major Estimate Revision • Dec 16Consensus EPS estimates fall by 17%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥138 to JP¥115 per share. Revenue forecast steady at JP¥56.5b. Net income forecast to shrink 1.9% next year vs 20% growth forecast for Software industry in Japan . Consensus price target down from JP¥2,700 to JP¥2,600. Share price fell 4.6% to JP¥1,956 over the past week.Price Target Changed • Jun 13Price target increased by 17% to JP¥2,700Up from JP¥2,300, the current price target is provided by 1 analyst. New target price is 29% above last closing price of JP¥2,099. Stock is up 15% over the past year. The company is forecast to post earnings per share of JP¥138 for next year compared to JP¥135 last year.Price Target Changed • Jan 02Price target increased to JP¥2,500Up from JP¥2,000, the current price target is provided by 1 analyst. New target price is 64% above last closing price of JP¥1,528. Stock is up 41% over the past year. The company is forecast to post earnings per share of JP¥156 for next year compared to JP¥86.85 last year.Major Estimate Revision • Sep 28Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate increased from JP¥94.90 to JP¥153. Revenue forecast unchanged at JP¥48.0b. Net income forecast to shrink 8.9% next year vs 21% growth forecast for Software industry in Japan . Consensus price target of JP¥2,100 unchanged from last update. Share price was steady at JP¥1,428 over the past week.すべての更新を表示Recent updatesReported Earnings • Jun 12First quarter 2027 earnings released: EPS: JP¥50.98 (vs JP¥39.51 in 1Q 2026)First quarter 2027 results: EPS: JP¥50.98 (up from JP¥39.51 in 1Q 2026). Revenue: JP¥16.8b (up 17% from 1Q 2026). Net income: JP¥1.59b (up 26% from 1Q 2026). Profit margin: 9.5% (in line with 1Q 2026). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year.お知らせ • Jun 11Computer Engineering & Consulting Ltd. (TSE:9692) announces an Equity Buyback for 1,200,000 shares, representing 3.84% for ¥2,000 million.Computer Engineering & Consulting Ltd. (TSE:9692) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 3.84% of its total shares outstanding excluding treasury shares, for a total of ¥2,000 million. The purpose of repurchase program is to improve capital efficiency and further increase profit returns to shareholders. The repurchased shares will be cancelled. The repurchase program is valid till November 30, 2026. As of April 30, 2026, the company had 31,210,464 shares outstanding excluding treasury shares and had 3,957,736 shares in treasury.Declared Dividend • May 11Final dividend of JP¥35.00 announcedShareholders will receive a dividend of JP¥35.00. Ex-date: 30th July 2026 Payment date: 30th September 2026 Dividend yield will be 3.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 23% 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 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 15Computer Engineering & Consulting Ltd. Provides Consolidated Financial Guidance for the First Half of Fiscal Year and Full Year Ending January 31, 2027Computer Engineering & Consulting Ltd. provides consolidated financial guidance for the first half of fiscal year and full year ending January 31, 2027. For the first half, the company expects net sales to be JPY 32,850 million, operating income to be JPY 3,800 million, net income attributable to owners of parent to be JPY 2,600 million or JPY 83.31 per share. For the full year, the company expects net sales to be JPY 68,000 million, operating income to be JPY 7,750 million, net income attributable to owners of parent to be JPY 5,600 million or JPY 179.43 per share.Reported Earnings • Mar 13Full year 2026 earnings: EPS in line with analyst expectations despite revenue beatFull year 2026 results: EPS: JP¥166 (up from JP¥122 in FY 2025). Revenue: JP¥65.9b (up 17% from FY 2025). Net income: JP¥5.20b (up 29% from FY 2025). Profit margin: 7.9% (up from 7.2% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.お知らせ • Mar 12Computer Engineering & Consulting Ltd., Annual General Meeting, Apr 21, 2026Computer Engineering & Consulting Ltd., Annual General Meeting, Apr 21, 2026.お知らせ • Mar 06+ 1 more updateComputer Engineering & Consulting Ltd. Revises Dividend Guidance for the Fiscal Year Ended January 31, 2026Computer Engineering & Consulting Ltd. revised dividend guidance for the fiscal year ended January 31, 2026. For the year, the company now expects to pay dividend of JPY 40 per share against previous guidance of JPY 35 per share. Reasons for revising the year-end dividend forecast The Company has positioned the strengthening of shareholder returns as one of the key priorities in its capital policy under its long-term management plan "VISION 2030" and its medium-term management plan. The Company’s basic policy is to provide proactive shareholder returns after comprehensively considering trends in business performance, its financial condition, and future business development. Regarding the year-end dividend forecast, based on the revised earnings forecast for the fiscal year ended January 31, 2026, we plan to increase the dividend from the previous forecast of ¥35 to ¥40 per share, an increase of ¥5. As a result, the annual dividend for the fiscal year is expected to be ¥70 per share (including an interim dividend of ¥30). The year-end dividend is subject to approval by resolution at the 58th Ordinary General Meeting of Shareholders to be held in April 2026.Upcoming Dividend • Jan 22Upcoming dividend of JP¥35.00 per shareEligible shareholders must have bought the stock before 29 January 2026. Payment date: 23 April 2026. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.8%).Reported Earnings • Dec 11Third quarter 2026 earnings released: EPS: JP¥38.71 (vs JP¥32.46 in 3Q 2025)Third quarter 2026 results: EPS: JP¥38.71 (up from JP¥32.46 in 3Q 2025). Revenue: JP¥16.4b (up 20% from 3Q 2025). Net income: JP¥1.21b (up 14% from 3Q 2025). Profit margin: 7.4% (down from 7.8% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.分析記事 • Oct 15Computer Engineering & Consulting's (TSE:9692) Shareholders Will Receive A Bigger Dividend Than Last YearComputer Engineering & Consulting Ltd.'s ( TSE:9692 ) dividend will be increasing from last year's payment of the same...お知らせ • Oct 11Computer Engineering & Consulting Ltd. to Report Q3, 2026 Results on Dec 09, 2025Computer Engineering & Consulting Ltd. announced that they will report Q3, 2026 results on Dec 09, 2025分析記事 • Oct 01Computer Engineering & Consulting's (TSE:9692) Upcoming Dividend Will Be Larger Than Last Year'sComputer Engineering & Consulting Ltd. ( TSE:9692 ) will increase its dividend from last year's comparable payment on...Declared Dividend • Oct 01First half dividend of JP¥35.00 announcedShareholders will receive a dividend of JP¥35.00. Ex-date: 29th January 2026 Payment date: 23rd April 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 21% 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 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Sep 19Computer Engineering & Consulting's (TSE:9692) Soft Earnings Are Actually Better Than They AppearThe market was pleased with the recent earnings report from Computer Engineering & Consulting Ltd. ( TSE:9692...Reported Earnings • Sep 12Second quarter 2026 earnings released: EPS: JP¥35.92 (vs JP¥26.94 in 2Q 2025)Second quarter 2026 results: EPS: JP¥35.92 (up from JP¥26.94 in 2Q 2025). Revenue: JP¥16.5b (up 22% from 2Q 2025). Net income: JP¥1.12b (up 25% from 2Q 2025). Profit margin: 6.8% (up from 6.7% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.Upcoming Dividend • Jul 23Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 30 July 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.6%).お知らせ • Jul 20Computer Engineering & Consulting Ltd. to Report Q2, 2026 Results on Sep 11, 2025Computer Engineering & Consulting Ltd. announced that they will report Q2, 2026 results on Sep 11, 2025分析記事 • Jul 17Computer Engineering & Consulting (TSE:9692) Is Due To Pay A Dividend Of ¥30.00Computer Engineering & Consulting Ltd.'s ( TSE:9692 ) investors are due to receive a payment of ¥30.00 per share on...分析記事 • Jun 13Computer Engineering & Consulting's (TSE:9692) Dividend Will Be ¥30.00Computer Engineering & Consulting Ltd. ( TSE:9692 ) will pay a dividend of ¥30.00 on the 30th of September. This takes...お知らせ • Jun 13+ 1 more updateComputer Engineering & Consulting Ltd. Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending January 31, 2026 and Full Year Ending January 31, 2026Computer Engineering & Consulting Ltd. provides dividend guidance for the second quarter of fiscal year ending January 31, 2026 and full year ending January 31, 2026. For the quarter, the company expects JPY 30.00 per share against JPY 25.00 per share a year ago. For the full year, the company expects JPY 35.00 per share against JPY 30.00 per share a year ago.Reported Earnings • Jun 12First quarter 2026 earnings released: EPS: JP¥39.51 (vs JP¥39.00 in 1Q 2025)First quarter 2026 results: EPS: JP¥39.51. Revenue: JP¥14.3b (up 2.0% from 1Q 2025). Net income: JP¥1.26b (down 3.9% from 1Q 2025). Profit margin: 8.8% (down from 9.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan.分析記事 • May 08Computer Engineering & Consulting (TSE:9692) Will Pay A Dividend Of ¥30.00The board of Computer Engineering & Consulting Ltd. ( TSE:9692 ) has announced that it will pay a dividend of ¥30.00...Declared Dividend • May 08Final dividend of JP¥30.00 announcedShareholders will receive a dividend of JP¥30.00. Ex-date: 30th July 2025 Payment date: 30th September 2025 Dividend yield will be 2.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 21% 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 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Apr 24Computer Engineering & Consulting Ltd. to Report Q1, 2026 Results on Jun 11, 2025Computer Engineering & Consulting Ltd. announced that they will report Q1, 2026 results on Jun 11, 2025Price Target Changed • Mar 28Price target increased by 31% to JP¥3,400Up from JP¥2,600, the current price target is provided by 1 analyst. New target price is 42% above last closing price of JP¥2,396. Stock is up 54% over the past year. The company is forecast to post earnings per share of JP¥154 for next year compared to JP¥122 last year.分析記事 • Mar 24Earnings Tell The Story For Computer Engineering & Consulting Ltd. (TSE:9692) As Its Stock Soars 26%Computer Engineering & Consulting Ltd. ( TSE:9692 ) shareholders would be excited to see that the share price has had a...分析記事 • Mar 20There May Be Reason For Hope In Computer Engineering & Consulting's (TSE:9692) Disappointing EarningsComputer Engineering & Consulting Ltd.'s ( TSE:9692 ) stock was strong despite it releasing a soft earnings report last...Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥2,275, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Software industry in Japan. Total returns to shareholders of 99% over the past three years.New Risk • Mar 17New 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 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Reported Earnings • Mar 14Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥122 (down from JP¥135 in FY 2024). Revenue: JP¥56.2b (up 5.8% from FY 2024). Net income: JP¥4.04b (down 11% from FY 2024). Profit margin: 7.2% (down from 8.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.3%. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Mar 13+ 1 more updateComputer Engineering & Consulting Ltd., Annual General Meeting, Apr 22, 2025Computer Engineering & Consulting Ltd., Annual General Meeting, Apr 22, 2025.Upcoming Dividend • Jan 23Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 30 January 2025. Payment date: 24 April 2025. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.3%).お知らせ • Jan 17Computer Engineering & Consulting Ltd. to Report Fiscal Year 2025 Results on Mar 13, 2025Computer Engineering & Consulting Ltd. announced that they will report fiscal year 2025 results on Mar 13, 2025Major Estimate Revision • Dec 16Consensus EPS estimates fall by 17%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥138 to JP¥115 per share. Revenue forecast steady at JP¥56.5b. Net income forecast to shrink 1.9% next year vs 20% growth forecast for Software industry in Japan . Consensus price target down from JP¥2,700 to JP¥2,600. Share price fell 4.6% to JP¥1,956 over the past week.Reported Earnings • Dec 12Third quarter 2025 earnings released: EPS: JP¥32.46 (vs JP¥28.50 in 3Q 2024)Third quarter 2025 results: EPS: JP¥32.46 (up from JP¥28.50 in 3Q 2024). Revenue: JP¥13.7b (up 6.4% from 3Q 2024). Net income: JP¥1.06b (up 11% from 3Q 2024). Profit margin: 7.8% (up from 7.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Oct 26Computer Engineering & Consulting Ltd. to Report Q3, 2025 Results on Dec 09, 2024Computer Engineering & Consulting Ltd. announced that they will report Q3, 2025 results on Dec 09, 2024Reported Earnings • Sep 12Second quarter 2025 earnings released: EPS: JP¥26.94 (vs JP¥34.69 in 2Q 2024)Second quarter 2025 results: EPS: JP¥26.94 (down from JP¥34.69 in 2Q 2024). Revenue: JP¥13.5b (up 2.3% from 2Q 2024). Net income: JP¥902.0m (down 23% from 2Q 2024). Profit margin: 6.7% (down from 8.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Declared Dividend • Sep 11Dividend of JP¥30.00 announcedShareholders will receive a dividend of JP¥30.00. Ex-date: 30th January 2025 Payment date: 24th April 2025 Dividend yield will be 3.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to JP¥1,548, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Software industry in Japan. Total returns to shareholders of 10% over the past three years.New Risk • Aug 02New 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. This is currently the only risk that has been identified for the company.Upcoming Dividend • Jul 23Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 30 July 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.4%).お知らせ • Jul 17Computer Engineering & Consulting Ltd. to Report Q2, 2025 Results on Sep 09, 2024Computer Engineering & Consulting Ltd. announced that they will report Q2, 2025 results on Sep 09, 2024分析記事 • Jun 27Earnings Not Telling The Story For Computer Engineering & Consulting Ltd. (TSE:9692) After Shares Rise 27%Despite an already strong run, Computer Engineering & Consulting Ltd. ( TSE:9692 ) shares have been powering on, with a...Price Target Changed • Jun 13Price target increased by 17% to JP¥2,700Up from JP¥2,300, the current price target is provided by 1 analyst. New target price is 29% above last closing price of JP¥2,099. Stock is up 15% over the past year. The company is forecast to post earnings per share of JP¥138 for next year compared to JP¥135 last year.Reported Earnings • Jun 11First quarter 2025 earnings released: EPS: JP¥39.00 (vs JP¥38.31 in 1Q 2024)First quarter 2025 results: EPS: JP¥39.00 (up from JP¥38.31 in 1Q 2024). Revenue: JP¥14.0b (up 6.3% from 1Q 2024). Net income: JP¥1.31b (up 1.9% from 1Q 2024). Profit margin: 9.3% (in line with 1Q 2024). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.分析記事 • Jun 10Computer Engineering & Consulting (TSE:9692) Seems To Use Debt Rather SparinglyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • Jun 10Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥2,055, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Software industry in Japan. Total returns to shareholders of 45% over the past three years.お知らせ • Jun 08Computer Engineering & Consulting Ltd. (TSE:9692) announces an Equity Buyback for 2,000,000 shares, representing 5.95% for ¥3,000 million.Computer Engineering & Consulting Ltd. (TSE:9692) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 5.95% of its total shares outstanding excluding treasury shares, for a total of ¥3,000 million. The purpose of repurchase program is to improve capital efficiency and further increase profit returns to shareholders. The repurchased shares will be cancelled. The repurchase program is valid till December 31, 2024. As of April 30, 2024, the company had 33,616,090 shares outstanding excluding treasury shares and had 3,983,910 shares in treasury.Declared Dividend • May 25Final dividend of JP¥25.00 announcedShareholders will receive a dividend of JP¥25.00. Ex-date: 30th July 2024 Payment date: 30th September 2024 Dividend yield will be 3.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 10Computer Engineering & Consulting Ltd. (TSE:9692) acquired ASSO Co., Ltd.Computer Engineering & Consulting Ltd. (TSE:9692) acquired ASSO Co., Ltd. on April 30, 2024.Computer Engineering & Consulting Ltd. (TSE:9692) completed the acquisition of ASSO Co., Ltd. on April 30, 2024.お知らせ • Apr 24Computer Engineering & Consulting Ltd. to Report Q1, 2025 Results on Jun 07, 2024Computer Engineering & Consulting Ltd. announced that they will report Q1, 2025 results on Jun 07, 2024Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,566, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 24x in the Software industry in Japan. Total returns to shareholders of 12% over the past three years.お知らせ • Mar 10Computer Engineering & Consulting Ltd., Annual General Meeting, Apr 23, 2024Computer Engineering & Consulting Ltd., Annual General Meeting, Apr 23, 2024.Reported Earnings • Mar 09Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥135 (down from JP¥152 in FY 2023). Revenue: JP¥53.1b (up 10% from FY 2023). Net income: JP¥4.54b (down 12% from FY 2023). Profit margin: 8.5% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jan 23Upcoming dividend of JP¥25.00 per share at 2.9% yieldEligible shareholders must have bought the stock before 30 January 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).お知らせ • Jan 20Computer Engineering & Consulting Ltd. to Report Fiscal Year 2024 Results on Mar 08, 2024Computer Engineering & Consulting Ltd. announced that they will report fiscal year 2024 results on Mar 08, 2024Reported Earnings • Dec 14Third quarter 2024 earnings released: EPS: JP¥28.50 (vs JP¥26.37 in 3Q 2023)Third quarter 2024 results: EPS: JP¥28.50 (up from JP¥26.37 in 3Q 2023). Revenue: JP¥12.8b (up 8.6% from 3Q 2023). Net income: JP¥958.0m (up 8.1% from 3Q 2023). Profit margin: 7.5% (in line with 3Q 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Oct 15Computer Engineering & Consulting Ltd. to Report Q3, 2024 Results on Dec 11, 2023Computer Engineering & Consulting Ltd. announced that they will report Q3, 2024 results on Dec 11, 2023Reported Earnings • Sep 11Second quarter 2024 earnings released: EPS: JP¥34.69 (vs JP¥77.52 in 2Q 2023)Second quarter 2024 results: EPS: JP¥34.69 (down from JP¥77.52 in 2Q 2023). Revenue: JP¥13.2b (up 13% from 2Q 2023). Net income: JP¥1.17b (down 56% from 2Q 2023). Profit margin: 8.8% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 21Upcoming dividend of JP¥25.00 per share at 2.9% yieldEligible shareholders must have bought the stock before 28 July 2023. Payment date: 02 October 2023. Payout ratio is a comfortable 24% and the cash payout ratio is 94%. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.6%).Valuation Update With 7 Day Price Move • Jun 16Investor sentiment improves as stock rises 28%After last week's 28% share price gain to JP¥1,834, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 30x in the Software industry in Japan. Total returns to shareholders of 17% over the past three years.New Risk • Jun 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.9% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (102% cash payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results.Reported Earnings • Jun 11First quarter 2024 earnings released: EPS: JP¥38.31 (vs JP¥24.00 in 1Q 2023)First quarter 2024 results: EPS: JP¥38.31 (up from JP¥24.00 in 1Q 2023). Revenue: JP¥13.2b (up 12% from 1Q 2023). Net income: JP¥1.29b (up 54% from 1Q 2023). Profit margin: 9.7% (up from 7.1% in 1Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.Reported Earnings • Mar 11Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: JP¥152 (up from JP¥86.85 in FY 2022). Revenue: JP¥48.2b (up 6.6% from FY 2022). Net income: JP¥5.18b (up 70% from FY 2022). Profit margin: 11% (up from 6.7% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year.お知らせ • Jan 26Computer Engineering & Consulting, Ltd. to Report Fiscal Year 2023 Results on Mar 10, 2023Computer Engineering & Consulting, Ltd. announced that they will report fiscal year 2023 results on Mar 10, 2023Upcoming Dividend • Jan 23Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 30 January 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 25% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%).Price Target Changed • Jan 02Price target increased to JP¥2,500Up from JP¥2,000, the current price target is provided by 1 analyst. New target price is 64% above last closing price of JP¥1,528. Stock is up 41% over the past year. The company is forecast to post earnings per share of JP¥156 for next year compared to JP¥86.85 last year.Reported Earnings • Dec 11Third quarter 2023 earnings released: EPS: JP¥26.37 (vs JP¥7.49 in 3Q 2022)Third quarter 2023 results: EPS: JP¥26.37 (up from JP¥7.49 in 3Q 2022). Revenue: JP¥11.8b (up 6.5% from 3Q 2022). Net income: JP¥886.0m (up 238% from 3Q 2022). Profit margin: 7.5% (up from 2.4% in 3Q 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Outside Director Eiichiro Nakatani was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Oct 27Computer Engineering & Consulting, Ltd. to Report Q3, 2023 Results on Dec 09, 2022Computer Engineering & Consulting, Ltd. announced that they will report Q3, 2023 results on Dec 09, 2022Major Estimate Revision • Sep 28Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate increased from JP¥94.90 to JP¥153. Revenue forecast unchanged at JP¥48.0b. Net income forecast to shrink 8.9% next year vs 21% growth forecast for Software industry in Japan . Consensus price target of JP¥2,100 unchanged from last update. Share price was steady at JP¥1,428 over the past week.Reported Earnings • Sep 11Second quarter 2023 earnings released: EPS: JP¥77.52 (vs JP¥16.63 in 2Q 2022)Second quarter 2023 results: EPS: JP¥77.52 (up from JP¥16.63 in 2Q 2022). Revenue: JP¥11.7b (up 6.6% from 2Q 2022). Net income: JP¥2.66b (up 357% from 2Q 2022). Profit margin: 23% (up from 5.3% in 2Q 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jul 21Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 28 July 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%).お知らせ • Jul 08Computer Engineering & Consulting, Ltd. to Report Q2, 2023 Results on Sep 09, 2022Computer Engineering & Consulting, Ltd. announced that they will report Q2, 2023 results on Sep 09, 2022Reported Earnings • Jun 13First quarter 2023 earnings released: EPS: JP¥24.00 (vs JP¥27.26 in 1Q 2022)First quarter 2023 results: EPS: JP¥24.00 (down from JP¥27.26 in 1Q 2022). Revenue: JP¥11.8b (up 2.8% from 1Q 2022). Net income: JP¥837.0m (down 12% from 1Q 2022). Profit margin: 7.1% (down from 8.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.2%, compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.お知らせ • May 24Computer Engineering & Consulting SHS to Be Deleted from Other OTCComputer Engineering & Consulting, Ltd. SHS (Japan) will be deleted from Other OTC effective from May 24, 2022, due to Inactive Security.Board Change • Apr 27No independent directorsThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. No independent directors (8 non-independent directors). Executive Officer & Director Takashi Himeno was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.お知らせ • Apr 08Computer Engineering & Consulting, Ltd., Annual General Meeting, Apr 22, 2022Computer Engineering & Consulting, Ltd., Annual General Meeting, Apr 22, 2022.Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improved over the past weekAfter last week's 19% share price gain to JP¥1,194, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 20x in the Software industry in Japan. Total loss to shareholders of 39% over the past three years.Reported Earnings • Mar 13Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: JP¥86.85 (down from JP¥115 in FY 2021). Revenue: JP¥45.2b (down 5.8% from FY 2021). Net income: JP¥3.04b (down 25% from FY 2021). Profit margin: 6.7% (down from 8.4% in FY 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Over the next year, revenue is forecast to grow 6.1%, compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jan 21Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 28 January 2022. Payment date: 22 April 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.7%).Major Estimate Revision • Dec 22Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from JP¥46.0b to JP¥45.5b. EPS estimate also fell from JP¥92.00 per share to JP¥72.90 per share. Net income forecast to grow 12% next year vs 12% growth forecast for Software industry in Japan. Consensus price target down from JP¥2,000 to JP¥1,800. Share price fell 6.3% to JP¥1,054 over the past week.Valuation Update With 7 Day Price Move • Dec 17Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥1,084, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 27x in the Software industry in Japan. Total loss to shareholders of 40% over the past three years.Reported Earnings • Dec 16Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: EPS: JP¥7.49 (down from JP¥19.80 in 3Q 2021). Revenue: JP¥11.1b (down 3.0% from 3Q 2021). Net income: JP¥262.0m (down 62% from 3Q 2021). Profit margin: 2.4% (down from 6.1% in 3Q 2021). Revenue missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 5.1%, compared to a 16% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Price Target Changed • Sep 13Price target decreased to JP¥2,000Down from JP¥2,200, the current price target is provided by 1 analyst. New target price is 41% above last closing price of JP¥1,416. Stock is down 8.2% over the past year.Reported Earnings • Sep 12Second quarter 2022 earnings released: EPS JP¥16.63 (vs JP¥37.01 in 2Q 2021)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥11.0b (down 8.2% from 2Q 2021). Net income: JP¥582.0m (down 55% from 2Q 2021). Profit margin: 5.3% (down from 11% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.Upcoming Dividend • Jul 22Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 29 July 2021. Payment date: 30 September 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%).Reported Earnings • Jun 16First quarter 2022 earnings released: EPS JP¥27.26 (vs JP¥30.55 in 1Q 2021)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥11.5b (down 9.0% from 1Q 2021). Net income: JP¥954.0m (down 11% from 1Q 2021). Profit margin: 8.3% (down from 8.5% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.お知らせ • Mar 14Computer Engineering & Consulting, Ltd., Annual General Meeting, Apr 21, 2021Computer Engineering & Consulting, Ltd., Annual General Meeting, Apr 21, 2021.Reported Earnings • Mar 14Full year 2021 earnings released: EPS JP¥115 (vs JP¥104 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥48.0b (down 7.5% from FY 2020). Net income: JP¥4.04b (up 11% from FY 2020). Profit margin: 8.4% (up from 7.0% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Mar 14Revenue misses expectationsRevenue missed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 7.1%, compared to a 13% growth forecast for the Software industry in Japan.Is New 90 Day High Low • Mar 01New 90-day low: JP¥1,404The company is down 8.0% from its price of JP¥1,533 on 01 December 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 7.0% over the same period.Upcoming Dividend • Jan 21Upcoming Dividend of JP¥20.00 Per ShareWill be paid on the 23rd of April to those who are registered shareholders by the 28th of January. The trailing yield of 2.7% is below the top quartile of Japanese dividend payers (3.0%), but it is higher than industry peers (1.3%).お知らせ • Jan 14Computer Engineering & Consulting, Ltd. to Report Fiscal Year 2021 Results on Mar 12, 2021Computer Engineering & Consulting, Ltd. announced that they will report fiscal year 2021 results on Mar 12, 2021Is New 90 Day High Low • Jan 14New 90-day low: JP¥1,456The company is down 10.0% from its price of JP¥1,626 on 16 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 1.0% over the same period.Is New 90 Day High Low • Dec 22New 90-day low: JP¥1,463The company is down 11% from its price of JP¥1,649 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 2.0% over the same period.業績と収益の成長予測TSE:9692 - アナリストの将来予測と過去の財務データ ( )JPY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数1/31/202976,0006,700N/AN/A11/31/202871,0006,100N/AN/A11/31/202770,5005,900N/AN/A14/30/202668,3415,532N/AN/AN/A1/31/202665,8825,2015,0095,825N/A10/31/202562,2584,355N/AN/AN/A7/31/202559,4814,2115,7846,607N/A4/30/202556,4943,989N/AN/AN/A1/31/202556,2084,0404,5025,269N/A10/31/202455,0724,408N/AN/AN/A7/31/202454,2494,3025,4516,092N/A4/30/202453,9514,566N/AN/AN/A1/31/202453,1244,5415,2525,682N/A10/31/202352,1934,208N/AN/AN/A7/31/202351,1734,1363,3323,859N/A4/30/202349,6275,628N/AN/AN/A1/31/202348,2065,1791,6502,494N/A10/31/202246,9815,622N/AN/AN/A7/31/202246,2564,9981,2182,444N/A4/30/202245,5372,922N/AN/AN/A1/31/202245,2203,0392,0173,151N/A10/31/202145,5472,778N/AN/AN/A7/31/202145,8863,2093,8714,602N/A4/30/202146,8663,922N/AN/AN/A1/31/202148,0034,0364,8865,350N/A10/31/202049,7643,797N/AN/AN/A7/31/202051,1863,9955,1495,677N/A4/30/202051,8493,581N/AN/AN/A1/31/202051,8683,638N/A4,813N/A10/31/201950,9183,258N/AN/AN/A7/31/201949,7433,142N/A5,170N/A4/30/201949,2553,099N/AN/AN/A1/31/201949,8102,861N/A6,350N/A10/31/201849,9423,386N/AN/AN/A7/31/201848,7083,195N/A3,472N/A4/30/201847,7803,049N/AN/AN/A1/31/201845,9942,604N/A1,860N/A10/31/201744,3383,007N/AN/AN/A7/31/201744,6772,669N/A2,063N/A4/30/201744,3982,683N/AN/AN/A1/31/201743,9762,612N/A1,387N/A10/31/201643,5652,000N/AN/AN/A7/31/201642,9112,349N/A2,536N/A4/30/201642,2852,335N/AN/AN/A1/31/201642,7501,289N/A2,243N/A10/31/201542,552855N/AN/AN/A7/31/201542,824948N/A2,886N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 9692の予測収益成長率 (年間6.6% ) は 貯蓄率 ( 0.8% ) を上回っています。収益対市場: 9692の収益 ( 6.6% ) JP市場 ( 9.6% ) よりも低い成長が予測されています。高成長収益: 9692の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 9692の収益 ( 3.6% ) JP市場 ( 6.5% ) よりも低い成長が予測されています。高い収益成長: 9692の収益 ( 3.6% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 9692の 自己資本利益率 が 3 年後に高くなると予測されるかどうかを判断するにはデータが不十分です成長企業の発掘7D1Y7D1Y7D1YSoftware 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/20 17:44終値2026/06/19 00:00収益2026/04/30年間収益2026/01/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Computer Engineering & Consulting Ltd. 1 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。1 アナリスト機関Teruo IsozakiIchiyoshi Research Institute Inc.
お知らせ • Mar 15Computer Engineering & Consulting Ltd. Provides Consolidated Financial Guidance for the First Half of Fiscal Year and Full Year Ending January 31, 2027Computer Engineering & Consulting Ltd. provides consolidated financial guidance for the first half of fiscal year and full year ending January 31, 2027. For the first half, the company expects net sales to be JPY 32,850 million, operating income to be JPY 3,800 million, net income attributable to owners of parent to be JPY 2,600 million or JPY 83.31 per share. For the full year, the company expects net sales to be JPY 68,000 million, operating income to be JPY 7,750 million, net income attributable to owners of parent to be JPY 5,600 million or JPY 179.43 per share.
Price Target Changed • Mar 28Price target increased by 31% to JP¥3,400Up from JP¥2,600, the current price target is provided by 1 analyst. New target price is 42% above last closing price of JP¥2,396. Stock is up 54% over the past year. The company is forecast to post earnings per share of JP¥154 for next year compared to JP¥122 last year.
Major Estimate Revision • Dec 16Consensus EPS estimates fall by 17%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥138 to JP¥115 per share. Revenue forecast steady at JP¥56.5b. Net income forecast to shrink 1.9% next year vs 20% growth forecast for Software industry in Japan . Consensus price target down from JP¥2,700 to JP¥2,600. Share price fell 4.6% to JP¥1,956 over the past week.
Price Target Changed • Jun 13Price target increased by 17% to JP¥2,700Up from JP¥2,300, the current price target is provided by 1 analyst. New target price is 29% above last closing price of JP¥2,099. Stock is up 15% over the past year. The company is forecast to post earnings per share of JP¥138 for next year compared to JP¥135 last year.
Price Target Changed • Jan 02Price target increased to JP¥2,500Up from JP¥2,000, the current price target is provided by 1 analyst. New target price is 64% above last closing price of JP¥1,528. Stock is up 41% over the past year. The company is forecast to post earnings per share of JP¥156 for next year compared to JP¥86.85 last year.
Major Estimate Revision • Sep 28Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate increased from JP¥94.90 to JP¥153. Revenue forecast unchanged at JP¥48.0b. Net income forecast to shrink 8.9% next year vs 21% growth forecast for Software industry in Japan . Consensus price target of JP¥2,100 unchanged from last update. Share price was steady at JP¥1,428 over the past week.
Reported Earnings • Jun 12First quarter 2027 earnings released: EPS: JP¥50.98 (vs JP¥39.51 in 1Q 2026)First quarter 2027 results: EPS: JP¥50.98 (up from JP¥39.51 in 1Q 2026). Revenue: JP¥16.8b (up 17% from 1Q 2026). Net income: JP¥1.59b (up 26% from 1Q 2026). Profit margin: 9.5% (in line with 1Q 2026). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year.
お知らせ • Jun 11Computer Engineering & Consulting Ltd. (TSE:9692) announces an Equity Buyback for 1,200,000 shares, representing 3.84% for ¥2,000 million.Computer Engineering & Consulting Ltd. (TSE:9692) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 3.84% of its total shares outstanding excluding treasury shares, for a total of ¥2,000 million. The purpose of repurchase program is to improve capital efficiency and further increase profit returns to shareholders. The repurchased shares will be cancelled. The repurchase program is valid till November 30, 2026. As of April 30, 2026, the company had 31,210,464 shares outstanding excluding treasury shares and had 3,957,736 shares in treasury.
Declared Dividend • May 11Final dividend of JP¥35.00 announcedShareholders will receive a dividend of JP¥35.00. Ex-date: 30th July 2026 Payment date: 30th September 2026 Dividend yield will be 3.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (44% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 23% 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 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 15Computer Engineering & Consulting Ltd. Provides Consolidated Financial Guidance for the First Half of Fiscal Year and Full Year Ending January 31, 2027Computer Engineering & Consulting Ltd. provides consolidated financial guidance for the first half of fiscal year and full year ending January 31, 2027. For the first half, the company expects net sales to be JPY 32,850 million, operating income to be JPY 3,800 million, net income attributable to owners of parent to be JPY 2,600 million or JPY 83.31 per share. For the full year, the company expects net sales to be JPY 68,000 million, operating income to be JPY 7,750 million, net income attributable to owners of parent to be JPY 5,600 million or JPY 179.43 per share.
Reported Earnings • Mar 13Full year 2026 earnings: EPS in line with analyst expectations despite revenue beatFull year 2026 results: EPS: JP¥166 (up from JP¥122 in FY 2025). Revenue: JP¥65.9b (up 17% from FY 2025). Net income: JP¥5.20b (up 29% from FY 2025). Profit margin: 7.9% (up from 7.2% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
お知らせ • Mar 12Computer Engineering & Consulting Ltd., Annual General Meeting, Apr 21, 2026Computer Engineering & Consulting Ltd., Annual General Meeting, Apr 21, 2026.
お知らせ • Mar 06+ 1 more updateComputer Engineering & Consulting Ltd. Revises Dividend Guidance for the Fiscal Year Ended January 31, 2026Computer Engineering & Consulting Ltd. revised dividend guidance for the fiscal year ended January 31, 2026. For the year, the company now expects to pay dividend of JPY 40 per share against previous guidance of JPY 35 per share. Reasons for revising the year-end dividend forecast The Company has positioned the strengthening of shareholder returns as one of the key priorities in its capital policy under its long-term management plan "VISION 2030" and its medium-term management plan. The Company’s basic policy is to provide proactive shareholder returns after comprehensively considering trends in business performance, its financial condition, and future business development. Regarding the year-end dividend forecast, based on the revised earnings forecast for the fiscal year ended January 31, 2026, we plan to increase the dividend from the previous forecast of ¥35 to ¥40 per share, an increase of ¥5. As a result, the annual dividend for the fiscal year is expected to be ¥70 per share (including an interim dividend of ¥30). The year-end dividend is subject to approval by resolution at the 58th Ordinary General Meeting of Shareholders to be held in April 2026.
Upcoming Dividend • Jan 22Upcoming dividend of JP¥35.00 per shareEligible shareholders must have bought the stock before 29 January 2026. Payment date: 23 April 2026. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.8%).
Reported Earnings • Dec 11Third quarter 2026 earnings released: EPS: JP¥38.71 (vs JP¥32.46 in 3Q 2025)Third quarter 2026 results: EPS: JP¥38.71 (up from JP¥32.46 in 3Q 2025). Revenue: JP¥16.4b (up 20% from 3Q 2025). Net income: JP¥1.21b (up 14% from 3Q 2025). Profit margin: 7.4% (down from 7.8% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
分析記事 • Oct 15Computer Engineering & Consulting's (TSE:9692) Shareholders Will Receive A Bigger Dividend Than Last YearComputer Engineering & Consulting Ltd.'s ( TSE:9692 ) dividend will be increasing from last year's payment of the same...
お知らせ • Oct 11Computer Engineering & Consulting Ltd. to Report Q3, 2026 Results on Dec 09, 2025Computer Engineering & Consulting Ltd. announced that they will report Q3, 2026 results on Dec 09, 2025
分析記事 • Oct 01Computer Engineering & Consulting's (TSE:9692) Upcoming Dividend Will Be Larger Than Last Year'sComputer Engineering & Consulting Ltd. ( TSE:9692 ) will increase its dividend from last year's comparable payment on...
Declared Dividend • Oct 01First half dividend of JP¥35.00 announcedShareholders will receive a dividend of JP¥35.00. Ex-date: 29th January 2026 Payment date: 23rd April 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 21% 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 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Sep 19Computer Engineering & Consulting's (TSE:9692) Soft Earnings Are Actually Better Than They AppearThe market was pleased with the recent earnings report from Computer Engineering & Consulting Ltd. ( TSE:9692...
Reported Earnings • Sep 12Second quarter 2026 earnings released: EPS: JP¥35.92 (vs JP¥26.94 in 2Q 2025)Second quarter 2026 results: EPS: JP¥35.92 (up from JP¥26.94 in 2Q 2025). Revenue: JP¥16.5b (up 22% from 2Q 2025). Net income: JP¥1.12b (up 25% from 2Q 2025). Profit margin: 6.8% (up from 6.7% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings.
Upcoming Dividend • Jul 23Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 30 July 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.6%).
お知らせ • Jul 20Computer Engineering & Consulting Ltd. to Report Q2, 2026 Results on Sep 11, 2025Computer Engineering & Consulting Ltd. announced that they will report Q2, 2026 results on Sep 11, 2025
分析記事 • Jul 17Computer Engineering & Consulting (TSE:9692) Is Due To Pay A Dividend Of ¥30.00Computer Engineering & Consulting Ltd.'s ( TSE:9692 ) investors are due to receive a payment of ¥30.00 per share on...
分析記事 • Jun 13Computer Engineering & Consulting's (TSE:9692) Dividend Will Be ¥30.00Computer Engineering & Consulting Ltd. ( TSE:9692 ) will pay a dividend of ¥30.00 on the 30th of September. This takes...
お知らせ • Jun 13+ 1 more updateComputer Engineering & Consulting Ltd. Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending January 31, 2026 and Full Year Ending January 31, 2026Computer Engineering & Consulting Ltd. provides dividend guidance for the second quarter of fiscal year ending January 31, 2026 and full year ending January 31, 2026. For the quarter, the company expects JPY 30.00 per share against JPY 25.00 per share a year ago. For the full year, the company expects JPY 35.00 per share against JPY 30.00 per share a year ago.
Reported Earnings • Jun 12First quarter 2026 earnings released: EPS: JP¥39.51 (vs JP¥39.00 in 1Q 2025)First quarter 2026 results: EPS: JP¥39.51. Revenue: JP¥14.3b (up 2.0% from 1Q 2025). Net income: JP¥1.26b (down 3.9% from 1Q 2025). Profit margin: 8.8% (down from 9.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan.
分析記事 • May 08Computer Engineering & Consulting (TSE:9692) Will Pay A Dividend Of ¥30.00The board of Computer Engineering & Consulting Ltd. ( TSE:9692 ) has announced that it will pay a dividend of ¥30.00...
Declared Dividend • May 08Final dividend of JP¥30.00 announcedShareholders will receive a dividend of JP¥30.00. Ex-date: 30th July 2025 Payment date: 30th September 2025 Dividend yield will be 2.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 21% 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 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Apr 24Computer Engineering & Consulting Ltd. to Report Q1, 2026 Results on Jun 11, 2025Computer Engineering & Consulting Ltd. announced that they will report Q1, 2026 results on Jun 11, 2025
Price Target Changed • Mar 28Price target increased by 31% to JP¥3,400Up from JP¥2,600, the current price target is provided by 1 analyst. New target price is 42% above last closing price of JP¥2,396. Stock is up 54% over the past year. The company is forecast to post earnings per share of JP¥154 for next year compared to JP¥122 last year.
分析記事 • Mar 24Earnings Tell The Story For Computer Engineering & Consulting Ltd. (TSE:9692) As Its Stock Soars 26%Computer Engineering & Consulting Ltd. ( TSE:9692 ) shareholders would be excited to see that the share price has had a...
分析記事 • Mar 20There May Be Reason For Hope In Computer Engineering & Consulting's (TSE:9692) Disappointing EarningsComputer Engineering & Consulting Ltd.'s ( TSE:9692 ) stock was strong despite it releasing a soft earnings report last...
Valuation Update With 7 Day Price Move • Mar 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥2,275, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Software industry in Japan. Total returns to shareholders of 99% over the past three years.
New Risk • Mar 17New 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 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Reported Earnings • Mar 14Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥122 (down from JP¥135 in FY 2024). Revenue: JP¥56.2b (up 5.8% from FY 2024). Net income: JP¥4.04b (down 11% from FY 2024). Profit margin: 7.2% (down from 8.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.3%. Revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Mar 13+ 1 more updateComputer Engineering & Consulting Ltd., Annual General Meeting, Apr 22, 2025Computer Engineering & Consulting Ltd., Annual General Meeting, Apr 22, 2025.
Upcoming Dividend • Jan 23Upcoming dividend of JP¥30.00 per shareEligible shareholders must have bought the stock before 30 January 2025. Payment date: 24 April 2025. Payout ratio is a comfortable 61% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.3%).
お知らせ • Jan 17Computer Engineering & Consulting Ltd. to Report Fiscal Year 2025 Results on Mar 13, 2025Computer Engineering & Consulting Ltd. announced that they will report fiscal year 2025 results on Mar 13, 2025
Major Estimate Revision • Dec 16Consensus EPS estimates fall by 17%The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥138 to JP¥115 per share. Revenue forecast steady at JP¥56.5b. Net income forecast to shrink 1.9% next year vs 20% growth forecast for Software industry in Japan . Consensus price target down from JP¥2,700 to JP¥2,600. Share price fell 4.6% to JP¥1,956 over the past week.
Reported Earnings • Dec 12Third quarter 2025 earnings released: EPS: JP¥32.46 (vs JP¥28.50 in 3Q 2024)Third quarter 2025 results: EPS: JP¥32.46 (up from JP¥28.50 in 3Q 2024). Revenue: JP¥13.7b (up 6.4% from 3Q 2024). Net income: JP¥1.06b (up 11% from 3Q 2024). Profit margin: 7.8% (up from 7.5% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Oct 26Computer Engineering & Consulting Ltd. to Report Q3, 2025 Results on Dec 09, 2024Computer Engineering & Consulting Ltd. announced that they will report Q3, 2025 results on Dec 09, 2024
Reported Earnings • Sep 12Second quarter 2025 earnings released: EPS: JP¥26.94 (vs JP¥34.69 in 2Q 2024)Second quarter 2025 results: EPS: JP¥26.94 (down from JP¥34.69 in 2Q 2024). Revenue: JP¥13.5b (up 2.3% from 2Q 2024). Net income: JP¥902.0m (down 23% from 2Q 2024). Profit margin: 6.7% (down from 8.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Declared Dividend • Sep 11Dividend of JP¥30.00 announcedShareholders will receive a dividend of JP¥30.00. Ex-date: 30th January 2025 Payment date: 24th April 2025 Dividend yield will be 3.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to JP¥1,548, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Software industry in Japan. Total returns to shareholders of 10% over the past three years.
New Risk • Aug 02New 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. This is currently the only risk that has been identified for the company.
Upcoming Dividend • Jul 23Upcoming dividend of JP¥25.00 per shareEligible shareholders must have bought the stock before 30 July 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.4%).
お知らせ • Jul 17Computer Engineering & Consulting Ltd. to Report Q2, 2025 Results on Sep 09, 2024Computer Engineering & Consulting Ltd. announced that they will report Q2, 2025 results on Sep 09, 2024
分析記事 • Jun 27Earnings Not Telling The Story For Computer Engineering & Consulting Ltd. (TSE:9692) After Shares Rise 27%Despite an already strong run, Computer Engineering & Consulting Ltd. ( TSE:9692 ) shares have been powering on, with a...
Price Target Changed • Jun 13Price target increased by 17% to JP¥2,700Up from JP¥2,300, the current price target is provided by 1 analyst. New target price is 29% above last closing price of JP¥2,099. Stock is up 15% over the past year. The company is forecast to post earnings per share of JP¥138 for next year compared to JP¥135 last year.
Reported Earnings • Jun 11First quarter 2025 earnings released: EPS: JP¥39.00 (vs JP¥38.31 in 1Q 2024)First quarter 2025 results: EPS: JP¥39.00 (up from JP¥38.31 in 1Q 2024). Revenue: JP¥14.0b (up 6.3% from 1Q 2024). Net income: JP¥1.31b (up 1.9% from 1Q 2024). Profit margin: 9.3% (in line with 1Q 2024). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
分析記事 • Jun 10Computer Engineering & Consulting (TSE:9692) Seems To Use Debt Rather SparinglyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • Jun 10Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥2,055, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Software industry in Japan. Total returns to shareholders of 45% over the past three years.
お知らせ • Jun 08Computer Engineering & Consulting Ltd. (TSE:9692) announces an Equity Buyback for 2,000,000 shares, representing 5.95% for ¥3,000 million.Computer Engineering & Consulting Ltd. (TSE:9692) announces a share repurchase program. Under the program, the company will repurchase up to 2,000,000 shares, representing 5.95% of its total shares outstanding excluding treasury shares, for a total of ¥3,000 million. The purpose of repurchase program is to improve capital efficiency and further increase profit returns to shareholders. The repurchased shares will be cancelled. The repurchase program is valid till December 31, 2024. As of April 30, 2024, the company had 33,616,090 shares outstanding excluding treasury shares and had 3,983,910 shares in treasury.
Declared Dividend • May 25Final dividend of JP¥25.00 announcedShareholders will receive a dividend of JP¥25.00. Ex-date: 30th July 2024 Payment date: 30th September 2024 Dividend yield will be 3.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 10Computer Engineering & Consulting Ltd. (TSE:9692) acquired ASSO Co., Ltd.Computer Engineering & Consulting Ltd. (TSE:9692) acquired ASSO Co., Ltd. on April 30, 2024.Computer Engineering & Consulting Ltd. (TSE:9692) completed the acquisition of ASSO Co., Ltd. on April 30, 2024.
お知らせ • Apr 24Computer Engineering & Consulting Ltd. to Report Q1, 2025 Results on Jun 07, 2024Computer Engineering & Consulting Ltd. announced that they will report Q1, 2025 results on Jun 07, 2024
Valuation Update With 7 Day Price Move • Mar 15Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,566, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 24x in the Software industry in Japan. Total returns to shareholders of 12% over the past three years.
お知らせ • Mar 10Computer Engineering & Consulting Ltd., Annual General Meeting, Apr 23, 2024Computer Engineering & Consulting Ltd., Annual General Meeting, Apr 23, 2024.
Reported Earnings • Mar 09Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥135 (down from JP¥152 in FY 2023). Revenue: JP¥53.1b (up 10% from FY 2023). Net income: JP¥4.54b (down 12% from FY 2023). Profit margin: 8.5% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jan 23Upcoming dividend of JP¥25.00 per share at 2.9% yieldEligible shareholders must have bought the stock before 30 January 2024. Payment date: 26 April 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).
お知らせ • Jan 20Computer Engineering & Consulting Ltd. to Report Fiscal Year 2024 Results on Mar 08, 2024Computer Engineering & Consulting Ltd. announced that they will report fiscal year 2024 results on Mar 08, 2024
Reported Earnings • Dec 14Third quarter 2024 earnings released: EPS: JP¥28.50 (vs JP¥26.37 in 3Q 2023)Third quarter 2024 results: EPS: JP¥28.50 (up from JP¥26.37 in 3Q 2023). Revenue: JP¥12.8b (up 8.6% from 3Q 2023). Net income: JP¥958.0m (up 8.1% from 3Q 2023). Profit margin: 7.5% (in line with 3Q 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Oct 15Computer Engineering & Consulting Ltd. to Report Q3, 2024 Results on Dec 11, 2023Computer Engineering & Consulting Ltd. announced that they will report Q3, 2024 results on Dec 11, 2023
Reported Earnings • Sep 11Second quarter 2024 earnings released: EPS: JP¥34.69 (vs JP¥77.52 in 2Q 2023)Second quarter 2024 results: EPS: JP¥34.69 (down from JP¥77.52 in 2Q 2023). Revenue: JP¥13.2b (up 13% from 2Q 2023). Net income: JP¥1.17b (down 56% from 2Q 2023). Profit margin: 8.8% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 21Upcoming dividend of JP¥25.00 per share at 2.9% yieldEligible shareholders must have bought the stock before 28 July 2023. Payment date: 02 October 2023. Payout ratio is a comfortable 24% and the cash payout ratio is 94%. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.6%).
Valuation Update With 7 Day Price Move • Jun 16Investor sentiment improves as stock rises 28%After last week's 28% share price gain to JP¥1,834, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 30x in the Software industry in Japan. Total returns to shareholders of 17% over the past three years.
New Risk • Jun 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.9% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (102% cash payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Jun 11First quarter 2024 earnings released: EPS: JP¥38.31 (vs JP¥24.00 in 1Q 2023)First quarter 2024 results: EPS: JP¥38.31 (up from JP¥24.00 in 1Q 2023). Revenue: JP¥13.2b (up 12% from 1Q 2023). Net income: JP¥1.29b (up 54% from 1Q 2023). Profit margin: 9.7% (up from 7.1% in 1Q 2023). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings.
Reported Earnings • Mar 11Full year 2023 earnings: EPS misses analyst expectationsFull year 2023 results: EPS: JP¥152 (up from JP¥86.85 in FY 2022). Revenue: JP¥48.2b (up 6.6% from FY 2022). Net income: JP¥5.18b (up 70% from FY 2022). Profit margin: 11% (up from 6.7% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year.
お知らせ • Jan 26Computer Engineering & Consulting, Ltd. to Report Fiscal Year 2023 Results on Mar 10, 2023Computer Engineering & Consulting, Ltd. announced that they will report fiscal year 2023 results on Mar 10, 2023
Upcoming Dividend • Jan 23Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 30 January 2023. Payment date: 25 April 2023. Payout ratio is a comfortable 25% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.9%).
Price Target Changed • Jan 02Price target increased to JP¥2,500Up from JP¥2,000, the current price target is provided by 1 analyst. New target price is 64% above last closing price of JP¥1,528. Stock is up 41% over the past year. The company is forecast to post earnings per share of JP¥156 for next year compared to JP¥86.85 last year.
Reported Earnings • Dec 11Third quarter 2023 earnings released: EPS: JP¥26.37 (vs JP¥7.49 in 3Q 2022)Third quarter 2023 results: EPS: JP¥26.37 (up from JP¥7.49 in 3Q 2022). Revenue: JP¥11.8b (up 6.5% from 3Q 2022). Net income: JP¥886.0m (up 238% from 3Q 2022). Profit margin: 7.5% (up from 2.4% in 3Q 2022). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent Outside Director Eiichiro Nakatani was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Oct 27Computer Engineering & Consulting, Ltd. to Report Q3, 2023 Results on Dec 09, 2022Computer Engineering & Consulting, Ltd. announced that they will report Q3, 2023 results on Dec 09, 2022
Major Estimate Revision • Sep 28Consensus forecasts updatedThe consensus outlook for 2023 has been updated. 2023 EPS estimate increased from JP¥94.90 to JP¥153. Revenue forecast unchanged at JP¥48.0b. Net income forecast to shrink 8.9% next year vs 21% growth forecast for Software industry in Japan . Consensus price target of JP¥2,100 unchanged from last update. Share price was steady at JP¥1,428 over the past week.
Reported Earnings • Sep 11Second quarter 2023 earnings released: EPS: JP¥77.52 (vs JP¥16.63 in 2Q 2022)Second quarter 2023 results: EPS: JP¥77.52 (up from JP¥16.63 in 2Q 2022). Revenue: JP¥11.7b (up 6.6% from 2Q 2022). Net income: JP¥2.66b (up 357% from 2Q 2022). Profit margin: 23% (up from 5.3% in 2Q 2022). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jul 21Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 28 July 2022. Payment date: 30 September 2022. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%).
お知らせ • Jul 08Computer Engineering & Consulting, Ltd. to Report Q2, 2023 Results on Sep 09, 2022Computer Engineering & Consulting, Ltd. announced that they will report Q2, 2023 results on Sep 09, 2022
Reported Earnings • Jun 13First quarter 2023 earnings released: EPS: JP¥24.00 (vs JP¥27.26 in 1Q 2022)First quarter 2023 results: EPS: JP¥24.00 (down from JP¥27.26 in 1Q 2022). Revenue: JP¥11.8b (up 2.8% from 1Q 2022). Net income: JP¥837.0m (down 12% from 1Q 2022). Profit margin: 7.1% (down from 8.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.2%, compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings.
お知らせ • May 24Computer Engineering & Consulting SHS to Be Deleted from Other OTCComputer Engineering & Consulting, Ltd. SHS (Japan) will be deleted from Other OTC effective from May 24, 2022, due to Inactive Security.
Board Change • Apr 27No independent directorsThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 2 highly experienced directors. No independent directors (8 non-independent directors). Executive Officer & Director Takashi Himeno was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
お知らせ • Apr 08Computer Engineering & Consulting, Ltd., Annual General Meeting, Apr 22, 2022Computer Engineering & Consulting, Ltd., Annual General Meeting, Apr 22, 2022.
Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improved over the past weekAfter last week's 19% share price gain to JP¥1,194, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 20x in the Software industry in Japan. Total loss to shareholders of 39% over the past three years.
Reported Earnings • Mar 13Full year 2022 earnings: EPS exceeds analyst expectationsFull year 2022 results: EPS: JP¥86.85 (down from JP¥115 in FY 2021). Revenue: JP¥45.2b (down 5.8% from FY 2021). Net income: JP¥3.04b (down 25% from FY 2021). Profit margin: 6.7% (down from 8.4% in FY 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Over the next year, revenue is forecast to grow 6.1%, compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jan 21Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 28 January 2022. Payment date: 22 April 2022. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.7%).
Major Estimate Revision • Dec 22Consensus EPS estimates fall by 21%The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from JP¥46.0b to JP¥45.5b. EPS estimate also fell from JP¥92.00 per share to JP¥72.90 per share. Net income forecast to grow 12% next year vs 12% growth forecast for Software industry in Japan. Consensus price target down from JP¥2,000 to JP¥1,800. Share price fell 6.3% to JP¥1,054 over the past week.
Valuation Update With 7 Day Price Move • Dec 17Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to JP¥1,084, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 27x in the Software industry in Japan. Total loss to shareholders of 40% over the past three years.
Reported Earnings • Dec 16Third quarter 2022 earnings: EPS in line with expectations, revenues disappointThird quarter 2022 results: EPS: JP¥7.49 (down from JP¥19.80 in 3Q 2021). Revenue: JP¥11.1b (down 3.0% from 3Q 2021). Net income: JP¥262.0m (down 62% from 3Q 2021). Profit margin: 2.4% (down from 6.1% in 3Q 2021). Revenue missed analyst estimates by 1.9%. Over the next year, revenue is forecast to grow 5.1%, compared to a 16% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Price Target Changed • Sep 13Price target decreased to JP¥2,000Down from JP¥2,200, the current price target is provided by 1 analyst. New target price is 41% above last closing price of JP¥1,416. Stock is down 8.2% over the past year.
Reported Earnings • Sep 12Second quarter 2022 earnings released: EPS JP¥16.63 (vs JP¥37.01 in 2Q 2021)The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥11.0b (down 8.2% from 2Q 2021). Net income: JP¥582.0m (down 55% from 2Q 2021). Profit margin: 5.3% (down from 11% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Jul 22Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 29 July 2021. Payment date: 30 September 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.4%).
Reported Earnings • Jun 16First quarter 2022 earnings released: EPS JP¥27.26 (vs JP¥30.55 in 1Q 2021)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥11.5b (down 9.0% from 1Q 2021). Net income: JP¥954.0m (down 11% from 1Q 2021). Profit margin: 8.3% (down from 8.5% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
お知らせ • Mar 14Computer Engineering & Consulting, Ltd., Annual General Meeting, Apr 21, 2021Computer Engineering & Consulting, Ltd., Annual General Meeting, Apr 21, 2021.
Reported Earnings • Mar 14Full year 2021 earnings released: EPS JP¥115 (vs JP¥104 in FY 2020)The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥48.0b (down 7.5% from FY 2020). Net income: JP¥4.04b (up 11% from FY 2020). Profit margin: 8.4% (up from 7.0% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Mar 14Revenue misses expectationsRevenue missed analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 7.1%, compared to a 13% growth forecast for the Software industry in Japan.
Is New 90 Day High Low • Mar 01New 90-day low: JP¥1,404The company is down 8.0% from its price of JP¥1,533 on 01 December 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is down 7.0% over the same period.
Upcoming Dividend • Jan 21Upcoming Dividend of JP¥20.00 Per ShareWill be paid on the 23rd of April to those who are registered shareholders by the 28th of January. The trailing yield of 2.7% is below the top quartile of Japanese dividend payers (3.0%), but it is higher than industry peers (1.3%).
お知らせ • Jan 14Computer Engineering & Consulting, Ltd. to Report Fiscal Year 2021 Results on Mar 12, 2021Computer Engineering & Consulting, Ltd. announced that they will report fiscal year 2021 results on Mar 12, 2021
Is New 90 Day High Low • Jan 14New 90-day low: JP¥1,456The company is down 10.0% from its price of JP¥1,626 on 16 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 1.0% over the same period.
Is New 90 Day High Low • Dec 22New 90-day low: JP¥1,463The company is down 11% from its price of JP¥1,649 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 2.0% over the same period.