View Financial HealthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsPacific Systems 配当と自社株買い配当金 基準チェック /46Pacific Systems配当を支払う会社であり、現在の利回りは2.05%で、収益によって十分にカバーされています。主要情報2.1%配当利回りn/aバイバック利回り総株主利回りn/a将来の配当利回りn/a配当成長7.7%次回配当支払日n/a配当落ち日n/a一株当たり配当金n/a配当性向31%最近の配当と自社株買いの更新Upcoming Dividend • Mar 22Upcoming dividend of JP¥67.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).Upcoming Dividend • Sep 20Upcoming dividend of JP¥67.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 16 December 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%).Upcoming Dividend • Mar 21Upcoming dividend of JP¥66.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%).Upcoming Dividend • Sep 21Upcoming dividend of JP¥66.00 per share at 4.2% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).Upcoming Dividend • Mar 23Upcoming dividend of JP¥65.00 per share at 4.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 63% and the cash payout ratio is 96%. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).Upcoming Dividend • Sep 22Upcoming dividend of JP¥65.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%).すべての更新を表示Recent updatesお知らせ • Oct 29Pacific Systems Corporation to Delist from Standard Section of the Tokyo Stock Exchange, Effective November 26, 2025Pacific Systems Corporation will be delisted from Standard Section of the Tokyo Stock Exchange effective from November 26, 2025, due to Acquisition by controlling shareholder, etc.お知らせ • Sep 25Taiheiyo Cement Corporation (TSE:5233) completed the acquisition of remaining 34.3% stake in Pacific Systems Corporation (TSE:3847) from a group of shareholders.Taiheiyo Cement Corporation (TSE:5233) proposed to acquire remaining 34.3% stake in Pacific Systems Corporation (TSE:3847) from a group of shareholders for ¥3.5 billion on August 8, 2025. A cash consideration valued at ¥6850 per share will be paid by Taiheiyo Cement Corporation. Upon completion, Taiheiyo Cement Corporation will own 100% stake in Pacific Systems Corporation. Tender Offeror aims to acquire all of the Target Company Shares and make the Target Company a wholly owned subsidiary company of the Tender Offeror. the Tender Offeror has not set a maximum number of shares to be purchased in the Tender Offer, so the Target Company Shares might be delisted through prescribed procedures in accordance with delisting criteria set out by the Tokyo Stock Exchange depending on the result of the Tender Offer. In addition, even if they do not fall under those criteria at the time of conclusion of the Tender Offer, the Tender Offeror plans to carry out the Squeeze-Out Procedures. The transaction is subject to minimum tender. The minimum number of shares to be purchased has been set as 14,400 shares. If the total number of the Tendered Shares is less than the minimum number of shares to be purchased the purchase, etc. of all of the Tendered Shares will not be carried out. The expected completion of the transaction is September 24, 2025. Taiheiyo Cement Corporation (TSE:5233) completed the acquisition of remaining 34.3% stake in Pacific Systems Corporation (TSE:3847) from a group of shareholders on September 24, 2025.Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 30%After last week's 30% share price gain to JP¥6,820, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 160% over the past three years.Buy Or Sell Opportunity • Aug 13Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 54% to JP¥6,830. The fair value is estimated to be JP¥5,510, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 23%.New Risk • Aug 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.5% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥9.25b market cap, or US$62.3m).Reported Earnings • Aug 10First quarter 2026 earnings released: EPS: JP¥37.85 (vs JP¥25.68 in 1Q 2025)First quarter 2026 results: EPS: JP¥37.85 (up from JP¥25.68 in 1Q 2025). Revenue: JP¥2.61b (up 7.1% from 1Q 2025). Net income: JP¥56.0m (up 47% from 1Q 2025). Profit margin: 2.1% (up from 1.6% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 21% per year.お知らせ • Aug 08Taiheiyo Cement Corporation (TSE:5233) proposed to acquire remaining 34.31% stake in Pacific Systems Corporation (TSE:3847) from from a group of shareholders for ¥3.5 billion.Taiheiyo Cement Corporation (TSE:5233) proposed to acquire remaining 34.31% stake in Pacific Systems Corporation (TSE:3847) from from a group of shareholders for ¥3.5 billion on August 8, 2025. A cash consideration valued at ¥6850 per share will be paid by Taiheiyo Cement Corporation. Upon completion, Taiheiyo Cement Corporation will own 100% stake in Pacific Systems Corporation. Tender Offeror aims to acquire all of the Target Company Shares and make the Target Company a wholly owned subsidiary company of the Tender Offeror. the Tender Offeror has not set a maximum number of shares to be purchased in the Tender Offer, so the Target Company Shares might be delisted through prescribed procedures in accordance with delisting criteria set out by the Tokyo Stock Exchange depending on the result of the Tender Offer. In addition, even if they do not fall under those criteria at the time of conclusion of the Tender Offer, the Tender Offeror plans to carry out the Squeeze-Out Procedures. The transaction is subject to minimum tender. The minimum number of shares to be purchased has been set as 14,400 shares. If the total number of the Tendered Shares is less than the minimum number of shares to be purchased the purchase, etc. of all of the Tendered Shares will not be carried out. The expected completion of the transaction is September 24, 2025.Reported Earnings • Jun 20Full year 2025 earnings released: EPS: JP¥442 (vs JP¥392 in FY 2024)Full year 2025 results: EPS: JP¥442 (up from JP¥392 in FY 2024). Revenue: JP¥11.4b (up 3.9% from FY 2024). Net income: JP¥654.0m (up 13% from FY 2024). Profit margin: 5.8% (up from 5.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 15% per year.Reported Earnings • May 19Full year 2025 earnings released: EPS: JP¥442 (vs JP¥392 in FY 2024)Full year 2025 results: EPS: JP¥442 (up from JP¥392 in FY 2024). Revenue: JP¥11.4b (up 3.9% from FY 2024). Net income: JP¥654.0m (up 13% from FY 2024). Profit margin: 5.8% (up from 5.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 16% per year.お知らせ • May 14Pacific Systems Corporation, Annual General Meeting, Jun 20, 2025Pacific Systems Corporation, Annual General Meeting, Jun 20, 2025.Upcoming Dividend • Mar 22Upcoming dividend of JP¥67.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).お知らせ • Mar 13+ 3 more updatesPacific Systems Corporation to Report Fiscal Year 2025 Results on May 14, 2025Pacific Systems Corporation announced that they will report fiscal year 2025 results on May 14, 2025Reported Earnings • Feb 14Third quarter 2025 earnings released: EPS: JP¥165 (vs JP¥123 in 3Q 2024)Third quarter 2025 results: EPS: JP¥165 (up from JP¥123 in 3Q 2024). Revenue: JP¥2.97b (up 4.6% from 3Q 2024). Net income: JP¥244.0m (up 34% from 3Q 2024). Profit margin: 8.2% (up from 6.4% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year.分析記事 • Nov 20Statutory Profit Doesn't Reflect How Good Pacific Systems' (TSE:3847) Earnings AreEven though Pacific Systems Corporation's ( TSE:3847 ) recent earnings release was robust, the market didn't seem to...Reported Earnings • Nov 18Second quarter 2025 earnings released: EPS: JP¥124 (vs JP¥89.21 in 2Q 2024)Second quarter 2025 results: EPS: JP¥124 (up from JP¥89.21 in 2Q 2024). Revenue: JP¥2.52b (up 6.0% from 2Q 2024). Net income: JP¥184.0m (up 39% from 2Q 2024). Profit margin: 7.3% (up from 5.5% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 8% per year.New Risk • Nov 03New 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 8.2% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (JP¥6.24b market cap, or US$40.8m).Upcoming Dividend • Sep 20Upcoming dividend of JP¥67.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 16 December 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%).Reported Earnings • Aug 11First quarter 2025 earnings released: EPS: JP¥25.68 (vs JP¥31.77 in 1Q 2024)First quarter 2025 results: EPS: JP¥25.68 (down from JP¥31.77 in 1Q 2024). Revenue: JP¥2.44b (up 6.6% from 1Q 2024). Net income: JP¥38.0m (down 19% from 1Q 2024). Profit margin: 1.6% (down from 2.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year.New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.9% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (JP¥4.54b market cap, or US$31.9m).Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥3,070, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 5.3% over the past three years.Reported Earnings • Jun 28Full year 2024 earnings released: EPS: JP¥392 (vs JP¥227 in FY 2023)Full year 2024 results: EPS: JP¥392 (up from JP¥227 in FY 2023). Revenue: JP¥10.9b (up 14% from FY 2023). Net income: JP¥580.0m (up 73% from FY 2023). Profit margin: 5.3% (up from 3.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 3% per year.分析記事 • May 22Shareholders Can Be Confident That Pacific Systems' (TSE:3847) Earnings Are High QualityInvestors were underwhelmed by the solid earnings posted by Pacific Systems Corporation ( TSE:3847 ) recently. We did...Reported Earnings • May 20Full year 2024 earnings released: EPS: JP¥392 (vs JP¥227 in FY 2023)Full year 2024 results: EPS: JP¥392 (up from JP¥227 in FY 2023). Revenue: JP¥10.9b (up 14% from FY 2023). Net income: JP¥580.0m (up 73% from FY 2023). Profit margin: 5.3% (up from 3.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year.お知らせ • May 16Pacific Systems Corporation, Annual General Meeting, Jun 21, 2024Pacific Systems Corporation, Annual General Meeting, Jun 21, 2024.Upcoming Dividend • Mar 21Upcoming dividend of JP¥66.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%).お知らせ • Mar 02+ 3 more updatesPacific Systems Corporation to Report Q2, 2025 Results on Nov 12, 2024Pacific Systems Corporation announced that they will report Q2, 2025 results on Nov 12, 2024Reported Earnings • Feb 11Third quarter 2024 earnings released: EPS: JP¥123 (vs JP¥2.70 in 3Q 2023)Third quarter 2024 results: EPS: JP¥123 (up from JP¥2.70 in 3Q 2023). Revenue: JP¥2.84b (up 22% from 3Q 2023). Net income: JP¥182.0m (up JP¥178.0m from 3Q 2023). Profit margin: 6.4% (up from 0.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.Buy Or Sell Opportunity • Jan 31Now 20% undervaluedOver the last 90 days, the stock has risen 18% to JP¥3,850. The fair value is estimated to be JP¥4,833, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years, while earnings per share has been flat.New Risk • Nov 26New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: JP¥0 (US$0) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.8% per year over the past 5 years. Market cap is less than US$10m (JP¥0 market cap, or US$0). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Nov 12Second quarter 2024 earnings released: EPS: JP¥89.21 (vs JP¥76.37 in 2Q 2023)Second quarter 2024 results: EPS: JP¥89.21 (up from JP¥76.37 in 2Q 2023). Revenue: JP¥2.38b (up 5.6% from 2Q 2023). Net income: JP¥132.0m (up 17% from 2Q 2023). Profit margin: 5.5% (up from 5.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year.Upcoming Dividend • Sep 21Upcoming dividend of JP¥66.00 per share at 4.2% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).Reported Earnings • Aug 14First quarter 2024 earnings released: EPS: JP¥31.77 (vs JP¥29.74 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥31.77 (up from JP¥29.74 loss in 1Q 2023). Revenue: JP¥2.29b (up 9.1% from 1Q 2023). Net income: JP¥47.0m (up JP¥91.0m from 1Q 2023). Profit margin: 2.1% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.Reported Earnings • May 14Full year 2023 earnings released: EPS: JP¥227 (vs JP¥352 in FY 2022)Full year 2023 results: EPS: JP¥227 (down from JP¥352 in FY 2022). Revenue: JP¥9.61b (down 9.8% from FY 2022). Net income: JP¥336.0m (down 36% from FY 2022). Profit margin: 3.5% (down from 4.9% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year.お知らせ • May 14Pacific Systems Corporation, Annual General Meeting, Jun 23, 2023Pacific Systems Corporation, Annual General Meeting, Jun 23, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥65.00 per share at 4.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 63% and the cash payout ratio is 96%. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥2.70 (vs JP¥66.23 in 3Q 2022)Third quarter 2023 results: EPS: JP¥2.70 (down from JP¥66.23 in 3Q 2022). Revenue: JP¥2.32b (down 5.8% from 3Q 2022). Net income: JP¥4.00m (down 96% from 3Q 2022). Profit margin: 0.2% (down from 4.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat.Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Independent External Director Sadatoshi Koshihara was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Upcoming Dividend • Sep 22Upcoming dividend of JP¥65.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%).Reported Earnings • Aug 13First quarter 2023 earnings released: JP¥29.74 loss per share (vs JP¥37.85 profit in 1Q 2022)First quarter 2023 results: JP¥29.74 loss per share (down from JP¥37.85 profit in 1Q 2022). Revenue: JP¥2.10b (down 26% from 1Q 2022). Net loss: JP¥44.0m (down 179% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat.Reported Earnings • Jun 23Full year 2022 earnings released: EPS: JP¥352 (vs JP¥266 in FY 2021)Full year 2022 results: EPS: JP¥352 (up from JP¥266 in FY 2021). Revenue: JP¥10.6b (flat on FY 2021). Net income: JP¥521.0m (up 33% from FY 2021). Profit margin: 4.9% (up from 3.7% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year.お知らせ • May 18Pacific Systems Corporation, Annual General Meeting, Jun 17, 2022Pacific Systems Corporation, Annual General Meeting, Jun 17, 2022.Reported Earnings • May 17Full year 2022 earnings released: EPS: JP¥352 (vs JP¥266 in FY 2021)Full year 2022 results: EPS: JP¥352 (up from JP¥266 in FY 2021). Revenue: JP¥10.6b (flat on FY 2021). Net income: JP¥521.0m (up 33% from FY 2021). Profit margin: 4.9% (up from 3.7% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat.Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. 1 independent director (6 non-independent directors). Independent External Director Sadatoshi Koshihara was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.お知らせ • Apr 09+ 1 more updatePacific Systems Corporation to Report Q2, 2023 Results on Nov 11, 2022Pacific Systems Corporation announced that they will report Q2, 2023 results on Nov 11, 2022お知らせ • Apr 08Pacific Systems Corporation to Report Fiscal Year 2022 Results on May 13, 2022Pacific Systems Corporation announced that they will report fiscal year 2022 results on May 13, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥62.50 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%).Reported Earnings • Feb 12Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥66.23 (up from JP¥39.20 in 3Q 2021). Revenue: JP¥2.47b (up 11% from 3Q 2021). Net income: JP¥98.0m (up 69% from 3Q 2021). Profit margin: 4.0% (up from 2.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Reported Earnings • Nov 15Second quarter 2022 earnings released: EPS JP¥88.54 (vs JP¥82.45 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥2.35b (up 4.7% from 2Q 2021). Net income: JP¥131.0m (up 7.4% from 2Q 2021). Profit margin: 5.6% (up from 5.4% in 2Q 2021). The increase in margin was driven by higher revenue. 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 6% per year, which means it is well ahead of earnings.Reported Earnings • Aug 09First quarter 2022 earnings released: EPS JP¥37.85 (vs JP¥69.61 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥2.83b (up 49% from 1Q 2021). Net income: JP¥56.0m (up JP¥159.0m from 1Q 2021). Profit margin: 2.0% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings.Reported Earnings • Jun 24Full year 2021 earnings released: EPS JP¥266 (vs JP¥357 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥10.6b (down 2.1% from FY 2020). Net income: JP¥393.0m (down 26% from FY 2020). Profit margin: 3.7% (down from 4.9% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥266 (vs JP¥357 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥10.6b (down 2.1% from FY 2020). Net income: JP¥393.0m (down 26% from FY 2020). Profit margin: 3.7% (down from 4.9% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improved over the past weekAfter last week's 21% share price gain to JP¥3,555, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 26% over the past three years.Upcoming Dividend • Mar 23Upcoming dividend of JP¥110 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 30 June 2021. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%).Reported Earnings • Feb 12Third quarter 2021 earnings released: EPS JP¥39.20 (vs JP¥89.88 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.23b (down 2.2% from 3Q 2020). Net income: JP¥58.0m (down 56% from 3Q 2020). Profit margin: 2.6% (down from 5.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.分析記事 • Feb 09Is Pacific Systems Corporation (TYO:3847) A Great Dividend Stock?Dividend paying stocks like Pacific Systems Corporation ( TYO:3847 ) tend to be popular with investors, and for good...Is New 90 Day High Low • Feb 03New 90-day low: JP¥2,851The company is down 8.0% from its price of JP¥3,090 on 02 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 23% over the same period.分析記事 • Jan 18Are Pacific Systems Corporation's (TYO:3847) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?With its stock down 4.3% over the past three months, it is easy to disregard Pacific Systems (TYO:3847). But if you pay...分析記事 • Dec 28Our Take On The Returns On Capital At Pacific Systems (TYO:3847)If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...分析記事 • Dec 07Estimating The Intrinsic Value Of Pacific Systems Corporation (TYO:3847)How far off is Pacific Systems Corporation ( TYO:3847 ) from its intrinsic value? Using the most recent financial data...分析記事 • Nov 19Does Pacific Systems's (TYO:3847) Statutory Profit Adequately Reflect Its Underlying Profit?As a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...Reported Earnings • Nov 16Second quarter 2021 earnings released: EPS JP¥82.45The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥2.24b (down 11% from 2Q 2020). Net income: JP¥122.0m (down 34% from 2Q 2020). Profit margin: 5.4% (down from 7.4% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year.お知らせ • Oct 04Pacific Systems Corporation to Report Q2, 2021 Results on Nov 12, 2020Pacific Systems Corporation announced that they will report Q2, 2021 results on Nov 12, 2020お知らせ • Jul 05Pacific Systems Corporation to Report Q1, 2021 Results on Aug 07, 2020Pacific Systems Corporation announced that they will report Q1, 2021 results on Aug 07, 2020決済の安定と成長配当データの取得安定した配当: 3847の配当金支払いは、過去10年間 変動性 が高かった。増加する配当: 3847の配当金は過去10年間にわたって増加しています。配当利回り対市場Pacific Systems 配当利回り対市場3847 配当利回りは市場と比べてどうか？セグメント配当利回り会社 (3847)2.1%市場下位25% (JP)1.7%市場トップ25% (JP)3.7%業界平均 (Electronic)1.2%アナリスト予想 (3847) (最長3年)n/a注目すべき配当: 3847の配当金 ( 2.05% ) はJP市場の配当金支払者の下位 25% ( 1.7% ) よりも高くなっています。高配当: 3847の配当金 ( 2.05% ) はJP市場の配当金支払者の上位 25% ( 3.68% ) と比較すると低いです。株主への利益配当収益カバレッジ: 3847の 配当性向 ( 30.8% ) はかなり低いため、配当金の支払いは利益によって十分にカバーされます。株主配当金キャッシュフローカバレッジ: 3847の 現金配当性向 ( 49.3% ) は比較的低く、配当金の支払いはキャッシュフローによって十分にカバーされています。高配当企業の発掘7D1Y7D1Y7D1YJP 市場の強力な配当支払い企業。View Management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2025/09/25 15:22終値2025/09/25 00:00収益2025/06/30年間収益2025/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Pacific Systems Corporation 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。1 アナリスト機関Michihiro AshiyaMizuho Securities Co., Ltd.
Upcoming Dividend • Mar 22Upcoming dividend of JP¥67.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).
Upcoming Dividend • Sep 20Upcoming dividend of JP¥67.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 16 December 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%).
Upcoming Dividend • Mar 21Upcoming dividend of JP¥66.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%).
Upcoming Dividend • Sep 21Upcoming dividend of JP¥66.00 per share at 4.2% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).
Upcoming Dividend • Mar 23Upcoming dividend of JP¥65.00 per share at 4.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 63% and the cash payout ratio is 96%. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).
Upcoming Dividend • Sep 22Upcoming dividend of JP¥65.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%).
お知らせ • Oct 29Pacific Systems Corporation to Delist from Standard Section of the Tokyo Stock Exchange, Effective November 26, 2025Pacific Systems Corporation will be delisted from Standard Section of the Tokyo Stock Exchange effective from November 26, 2025, due to Acquisition by controlling shareholder, etc.
お知らせ • Sep 25Taiheiyo Cement Corporation (TSE:5233) completed the acquisition of remaining 34.3% stake in Pacific Systems Corporation (TSE:3847) from a group of shareholders.Taiheiyo Cement Corporation (TSE:5233) proposed to acquire remaining 34.3% stake in Pacific Systems Corporation (TSE:3847) from a group of shareholders for ¥3.5 billion on August 8, 2025. A cash consideration valued at ¥6850 per share will be paid by Taiheiyo Cement Corporation. Upon completion, Taiheiyo Cement Corporation will own 100% stake in Pacific Systems Corporation. Tender Offeror aims to acquire all of the Target Company Shares and make the Target Company a wholly owned subsidiary company of the Tender Offeror. the Tender Offeror has not set a maximum number of shares to be purchased in the Tender Offer, so the Target Company Shares might be delisted through prescribed procedures in accordance with delisting criteria set out by the Tokyo Stock Exchange depending on the result of the Tender Offer. In addition, even if they do not fall under those criteria at the time of conclusion of the Tender Offer, the Tender Offeror plans to carry out the Squeeze-Out Procedures. The transaction is subject to minimum tender. The minimum number of shares to be purchased has been set as 14,400 shares. If the total number of the Tendered Shares is less than the minimum number of shares to be purchased the purchase, etc. of all of the Tendered Shares will not be carried out. The expected completion of the transaction is September 24, 2025. Taiheiyo Cement Corporation (TSE:5233) completed the acquisition of remaining 34.3% stake in Pacific Systems Corporation (TSE:3847) from a group of shareholders on September 24, 2025.
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment improves as stock rises 30%After last week's 30% share price gain to JP¥6,820, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 160% over the past three years.
Buy Or Sell Opportunity • Aug 13Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 54% to JP¥6,830. The fair value is estimated to be JP¥5,510, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 23%.
New Risk • Aug 12New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.5% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥9.25b market cap, or US$62.3m).
Reported Earnings • Aug 10First quarter 2026 earnings released: EPS: JP¥37.85 (vs JP¥25.68 in 1Q 2025)First quarter 2026 results: EPS: JP¥37.85 (up from JP¥25.68 in 1Q 2025). Revenue: JP¥2.61b (up 7.1% from 1Q 2025). Net income: JP¥56.0m (up 47% from 1Q 2025). Profit margin: 2.1% (up from 1.6% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 21% per year.
お知らせ • Aug 08Taiheiyo Cement Corporation (TSE:5233) proposed to acquire remaining 34.31% stake in Pacific Systems Corporation (TSE:3847) from from a group of shareholders for ¥3.5 billion.Taiheiyo Cement Corporation (TSE:5233) proposed to acquire remaining 34.31% stake in Pacific Systems Corporation (TSE:3847) from from a group of shareholders for ¥3.5 billion on August 8, 2025. A cash consideration valued at ¥6850 per share will be paid by Taiheiyo Cement Corporation. Upon completion, Taiheiyo Cement Corporation will own 100% stake in Pacific Systems Corporation. Tender Offeror aims to acquire all of the Target Company Shares and make the Target Company a wholly owned subsidiary company of the Tender Offeror. the Tender Offeror has not set a maximum number of shares to be purchased in the Tender Offer, so the Target Company Shares might be delisted through prescribed procedures in accordance with delisting criteria set out by the Tokyo Stock Exchange depending on the result of the Tender Offer. In addition, even if they do not fall under those criteria at the time of conclusion of the Tender Offer, the Tender Offeror plans to carry out the Squeeze-Out Procedures. The transaction is subject to minimum tender. The minimum number of shares to be purchased has been set as 14,400 shares. If the total number of the Tendered Shares is less than the minimum number of shares to be purchased the purchase, etc. of all of the Tendered Shares will not be carried out. The expected completion of the transaction is September 24, 2025.
Reported Earnings • Jun 20Full year 2025 earnings released: EPS: JP¥442 (vs JP¥392 in FY 2024)Full year 2025 results: EPS: JP¥442 (up from JP¥392 in FY 2024). Revenue: JP¥11.4b (up 3.9% from FY 2024). Net income: JP¥654.0m (up 13% from FY 2024). Profit margin: 5.8% (up from 5.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 15% per year.
Reported Earnings • May 19Full year 2025 earnings released: EPS: JP¥442 (vs JP¥392 in FY 2024)Full year 2025 results: EPS: JP¥442 (up from JP¥392 in FY 2024). Revenue: JP¥11.4b (up 3.9% from FY 2024). Net income: JP¥654.0m (up 13% from FY 2024). Profit margin: 5.8% (up from 5.3% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 16% per year.
お知らせ • May 14Pacific Systems Corporation, Annual General Meeting, Jun 20, 2025Pacific Systems Corporation, Annual General Meeting, Jun 20, 2025.
Upcoming Dividend • Mar 22Upcoming dividend of JP¥67.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%).
お知らせ • Mar 13+ 3 more updatesPacific Systems Corporation to Report Fiscal Year 2025 Results on May 14, 2025Pacific Systems Corporation announced that they will report fiscal year 2025 results on May 14, 2025
Reported Earnings • Feb 14Third quarter 2025 earnings released: EPS: JP¥165 (vs JP¥123 in 3Q 2024)Third quarter 2025 results: EPS: JP¥165 (up from JP¥123 in 3Q 2024). Revenue: JP¥2.97b (up 4.6% from 3Q 2024). Net income: JP¥244.0m (up 34% from 3Q 2024). Profit margin: 8.2% (up from 6.4% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year.
分析記事 • Nov 20Statutory Profit Doesn't Reflect How Good Pacific Systems' (TSE:3847) Earnings AreEven though Pacific Systems Corporation's ( TSE:3847 ) recent earnings release was robust, the market didn't seem to...
Reported Earnings • Nov 18Second quarter 2025 earnings released: EPS: JP¥124 (vs JP¥89.21 in 2Q 2024)Second quarter 2025 results: EPS: JP¥124 (up from JP¥89.21 in 2Q 2024). Revenue: JP¥2.52b (up 6.0% from 2Q 2024). Net income: JP¥184.0m (up 39% from 2Q 2024). Profit margin: 7.3% (up from 5.5% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 8% per year.
New Risk • Nov 03New 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 8.2% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (JP¥6.24b market cap, or US$40.8m).
Upcoming Dividend • Sep 20Upcoming dividend of JP¥67.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 16 December 2024. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%).
Reported Earnings • Aug 11First quarter 2025 earnings released: EPS: JP¥25.68 (vs JP¥31.77 in 1Q 2024)First quarter 2025 results: EPS: JP¥25.68 (down from JP¥31.77 in 1Q 2024). Revenue: JP¥2.44b (up 6.6% from 1Q 2024). Net income: JP¥38.0m (down 19% from 1Q 2024). Profit margin: 1.6% (down from 2.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year.
New Risk • Aug 05New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.9% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (JP¥4.54b market cap, or US$31.9m).
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥3,070, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 5.3% over the past three years.
Reported Earnings • Jun 28Full year 2024 earnings released: EPS: JP¥392 (vs JP¥227 in FY 2023)Full year 2024 results: EPS: JP¥392 (up from JP¥227 in FY 2023). Revenue: JP¥10.9b (up 14% from FY 2023). Net income: JP¥580.0m (up 73% from FY 2023). Profit margin: 5.3% (up from 3.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 3% per year.
分析記事 • May 22Shareholders Can Be Confident That Pacific Systems' (TSE:3847) Earnings Are High QualityInvestors were underwhelmed by the solid earnings posted by Pacific Systems Corporation ( TSE:3847 ) recently. We did...
Reported Earnings • May 20Full year 2024 earnings released: EPS: JP¥392 (vs JP¥227 in FY 2023)Full year 2024 results: EPS: JP¥392 (up from JP¥227 in FY 2023). Revenue: JP¥10.9b (up 14% from FY 2023). Net income: JP¥580.0m (up 73% from FY 2023). Profit margin: 5.3% (up from 3.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 4% per year.
お知らせ • May 16Pacific Systems Corporation, Annual General Meeting, Jun 21, 2024Pacific Systems Corporation, Annual General Meeting, Jun 21, 2024.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥66.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%).
お知らせ • Mar 02+ 3 more updatesPacific Systems Corporation to Report Q2, 2025 Results on Nov 12, 2024Pacific Systems Corporation announced that they will report Q2, 2025 results on Nov 12, 2024
Reported Earnings • Feb 11Third quarter 2024 earnings released: EPS: JP¥123 (vs JP¥2.70 in 3Q 2023)Third quarter 2024 results: EPS: JP¥123 (up from JP¥2.70 in 3Q 2023). Revenue: JP¥2.84b (up 22% from 3Q 2023). Net income: JP¥182.0m (up JP¥178.0m from 3Q 2023). Profit margin: 6.4% (up from 0.2% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth.
Buy Or Sell Opportunity • Jan 31Now 20% undervaluedOver the last 90 days, the stock has risen 18% to JP¥3,850. The fair value is estimated to be JP¥4,833, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.0% over the last 3 years, while earnings per share has been flat.
New Risk • Nov 26New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: JP¥0 (US$0) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 5.8% per year over the past 5 years. Market cap is less than US$10m (JP¥0 market cap, or US$0). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Nov 12Second quarter 2024 earnings released: EPS: JP¥89.21 (vs JP¥76.37 in 2Q 2023)Second quarter 2024 results: EPS: JP¥89.21 (up from JP¥76.37 in 2Q 2023). Revenue: JP¥2.38b (up 5.6% from 2Q 2023). Net income: JP¥132.0m (up 17% from 2Q 2023). Profit margin: 5.5% (up from 5.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥66.00 per share at 4.2% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 15 December 2023. Payout ratio is a comfortable 46% but the company is paying out more than the cash it is generating. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%).
Reported Earnings • Aug 14First quarter 2024 earnings released: EPS: JP¥31.77 (vs JP¥29.74 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥31.77 (up from JP¥29.74 loss in 1Q 2023). Revenue: JP¥2.29b (up 9.1% from 1Q 2023). Net income: JP¥47.0m (up JP¥91.0m from 1Q 2023). Profit margin: 2.1% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year.
Reported Earnings • May 14Full year 2023 earnings released: EPS: JP¥227 (vs JP¥352 in FY 2022)Full year 2023 results: EPS: JP¥227 (down from JP¥352 in FY 2022). Revenue: JP¥9.61b (down 9.8% from FY 2022). Net income: JP¥336.0m (down 36% from FY 2022). Profit margin: 3.5% (down from 4.9% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 3% per year.
お知らせ • May 14Pacific Systems Corporation, Annual General Meeting, Jun 23, 2023Pacific Systems Corporation, Annual General Meeting, Jun 23, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥65.00 per share at 4.2% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 63% and the cash payout ratio is 96%. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%).
Reported Earnings • Feb 12Third quarter 2023 earnings released: EPS: JP¥2.70 (vs JP¥66.23 in 3Q 2022)Third quarter 2023 results: EPS: JP¥2.70 (down from JP¥66.23 in 3Q 2022). Revenue: JP¥2.32b (down 5.8% from 3Q 2022). Net income: JP¥4.00m (down 96% from 3Q 2022). Profit margin: 0.2% (down from 4.0% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat.
Board Change • Nov 16Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Independent External Director Sadatoshi Koshihara was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥65.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%).
Reported Earnings • Aug 13First quarter 2023 earnings released: JP¥29.74 loss per share (vs JP¥37.85 profit in 1Q 2022)First quarter 2023 results: JP¥29.74 loss per share (down from JP¥37.85 profit in 1Q 2022). Revenue: JP¥2.10b (down 26% from 1Q 2022). Net loss: JP¥44.0m (down 179% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat.
Reported Earnings • Jun 23Full year 2022 earnings released: EPS: JP¥352 (vs JP¥266 in FY 2021)Full year 2022 results: EPS: JP¥352 (up from JP¥266 in FY 2021). Revenue: JP¥10.6b (flat on FY 2021). Net income: JP¥521.0m (up 33% from FY 2021). Profit margin: 4.9% (up from 3.7% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year.
お知らせ • May 18Pacific Systems Corporation, Annual General Meeting, Jun 17, 2022Pacific Systems Corporation, Annual General Meeting, Jun 17, 2022.
Reported Earnings • May 17Full year 2022 earnings released: EPS: JP¥352 (vs JP¥266 in FY 2021)Full year 2022 results: EPS: JP¥352 (up from JP¥266 in FY 2021). Revenue: JP¥10.6b (flat on FY 2021). Net income: JP¥521.0m (up 33% from FY 2021). Profit margin: 4.9% (up from 3.7% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat.
Board Change • Apr 27Less than half of directors are independentNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. 1 independent director (6 non-independent directors). Independent External Director Sadatoshi Koshihara was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
お知らせ • Apr 09+ 1 more updatePacific Systems Corporation to Report Q2, 2023 Results on Nov 11, 2022Pacific Systems Corporation announced that they will report Q2, 2023 results on Nov 11, 2022
お知らせ • Apr 08Pacific Systems Corporation to Report Fiscal Year 2022 Results on May 13, 2022Pacific Systems Corporation announced that they will report fiscal year 2022 results on May 13, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥62.50 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 21 June 2022. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%).
Reported Earnings • Feb 12Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥66.23 (up from JP¥39.20 in 3Q 2021). Revenue: JP¥2.47b (up 11% from 3Q 2021). Net income: JP¥98.0m (up 69% from 3Q 2021). Profit margin: 4.0% (up from 2.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Reported Earnings • Nov 15Second quarter 2022 earnings released: EPS JP¥88.54 (vs JP¥82.45 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥2.35b (up 4.7% from 2Q 2021). Net income: JP¥131.0m (up 7.4% from 2Q 2021). Profit margin: 5.6% (up from 5.4% in 2Q 2021). The increase in margin was driven by higher revenue. 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 6% per year, which means it is well ahead of earnings.
Reported Earnings • Aug 09First quarter 2022 earnings released: EPS JP¥37.85 (vs JP¥69.61 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥2.83b (up 49% from 1Q 2021). Net income: JP¥56.0m (up JP¥159.0m from 1Q 2021). Profit margin: 2.0% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
Reported Earnings • Jun 24Full year 2021 earnings released: EPS JP¥266 (vs JP¥357 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥10.6b (down 2.1% from FY 2020). Net income: JP¥393.0m (down 26% from FY 2020). Profit margin: 3.7% (down from 4.9% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Reported Earnings • May 16Full year 2021 earnings released: EPS JP¥266 (vs JP¥357 in FY 2020)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥10.6b (down 2.1% from FY 2020). Net income: JP¥393.0m (down 26% from FY 2020). Profit margin: 3.7% (down from 4.9% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
Valuation Update With 7 Day Price Move • Mar 31Investor sentiment improved over the past weekAfter last week's 21% share price gain to JP¥3,555, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 26% over the past three years.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥110 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 30 June 2021. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.1%).
Reported Earnings • Feb 12Third quarter 2021 earnings released: EPS JP¥39.20 (vs JP¥89.88 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.23b (down 2.2% from 3Q 2020). Net income: JP¥58.0m (down 56% from 3Q 2020). Profit margin: 2.6% (down from 5.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
分析記事 • Feb 09Is Pacific Systems Corporation (TYO:3847) A Great Dividend Stock?Dividend paying stocks like Pacific Systems Corporation ( TYO:3847 ) tend to be popular with investors, and for good...
Is New 90 Day High Low • Feb 03New 90-day low: JP¥2,851The company is down 8.0% from its price of JP¥3,090 on 02 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 23% over the same period.
分析記事 • Jan 18Are Pacific Systems Corporation's (TYO:3847) Fundamentals Good Enough to Warrant Buying Given The Stock's Recent Weakness?With its stock down 4.3% over the past three months, it is easy to disregard Pacific Systems (TYO:3847). But if you pay...
分析記事 • Dec 28Our Take On The Returns On Capital At Pacific Systems (TYO:3847)If you're looking for a multi-bagger, there's a few things to keep an eye out for. One common approach is to try and...
分析記事 • Dec 07Estimating The Intrinsic Value Of Pacific Systems Corporation (TYO:3847)How far off is Pacific Systems Corporation ( TYO:3847 ) from its intrinsic value? Using the most recent financial data...
分析記事 • Nov 19Does Pacific Systems's (TYO:3847) Statutory Profit Adequately Reflect Its Underlying Profit?As a general rule, we think profitable companies are less risky than companies that lose money. That said, the current...
Reported Earnings • Nov 16Second quarter 2021 earnings released: EPS JP¥82.45The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥2.24b (down 11% from 2Q 2020). Net income: JP¥122.0m (down 34% from 2Q 2020). Profit margin: 5.4% (down from 7.4% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year.
お知らせ • Oct 04Pacific Systems Corporation to Report Q2, 2021 Results on Nov 12, 2020Pacific Systems Corporation announced that they will report Q2, 2021 results on Nov 12, 2020
お知らせ • Jul 05Pacific Systems Corporation to Report Q1, 2021 Results on Aug 07, 2020Pacific Systems Corporation announced that they will report Q1, 2021 results on Aug 07, 2020