공지 • Mar 17
Gaiax Co.Ltd., Annual General Meeting, Mar 27, 2026 Gaiax Co.Ltd., Annual General Meeting, Mar 27, 2026, at 10:00 Tokyo Standard Time. Location: ja kyosai building 1f, 2-7-9 hirakawacho, chiyoda-ku, tokyo ja kyosai building conference hall, tokyo Japan Buy Or Sell Opportunity • Mar 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to JP¥379. The fair value is estimated to be JP¥487, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥42.72 (vs JP¥56.05 in FY 2024) Full year 2025 results: EPS: JP¥42.72 (down from JP¥56.05 in FY 2024). Revenue: JP¥3.50b (up 3.8% from FY 2024). Net income: JP¥218.0m (down 24% from FY 2024). Profit margin: 6.2% (down from 8.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥346, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 15x in the IT industry in Japan. Total loss to shareholders of 26% over the past three years. Reported Earnings • Apr 05
Full year 2024 earnings released: EPS: JP¥56.05 (vs JP¥54.68 in FY 2023) Full year 2024 results: EPS: JP¥56.05 (up from JP¥54.68 in FY 2023). Revenue: JP¥3.37b (up 24% from FY 2023). Net income: JP¥286.0m (up 2.5% from FY 2023). Profit margin: 8.5% (down from 10% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥676, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 39% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 14 March 2025. Payout ratio is a comfortable 4.3% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥897, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 101% over the past three years. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: JP¥97.01 (vs JP¥2.74 in 3Q 2023) Third quarter 2024 results: EPS: JP¥97.01 (up from JP¥2.74 in 3Q 2023). Revenue: JP¥1.18b (up 86% from 3Q 2023). Net income: JP¥495.0m (up JP¥481.0m from 3Q 2023). Profit margin: 42% (up from 2.2% 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 70% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥724, the stock trades at a trailing P/E ratio of 33.6x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 21% over the past three years. New Risk • Sep 17
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 10% 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 (10% average weekly change). Minor Risk Market cap is less than US$100m (JP¥3.55b market cap, or US$25.2m). Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥640, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 15% over the past three years. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to JP¥417, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 16x in the IT industry in Japan. Total loss to shareholders of 30% over the past three years. New Risk • Jun 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (JP¥2.36b market cap, or US$14.7m). Reported Earnings • May 15
First quarter 2024 earnings released: EPS: JP¥1.76 (vs JP¥6.47 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥1.76 (up from JP¥6.47 loss in 1Q 2023). Revenue: JP¥767.0m (up 27% from 1Q 2023). Net income: JP¥9.00m (up JP¥42.0m from 1Q 2023). Profit margin: 1.2% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. 공지 • Feb 15
Gaiax Co.Ltd. (NSE:3775) agreed to acquire Snapmart Inc from PIXTA Inc. (TSE:3416) for ¥10 million. Gaiax Co.Ltd. (NSE:3775) agreed to acquire Snapmart Inc from PIXTA Inc. (TSE:3416) for ¥10 million on February 14, 2023. Gaiax Co.Ltd. (NSE:3775) will acquire 1000 shares of Snapmart Inc. As of Snapmart Inc Reported Net liabilities of ¥48 million, Total Assets worth ¥53 million, Turnover of ¥118 million, Operating loss of ¥21 million and Net Loss of ¥21 million in fiscal year ending 2022. 공지 • Dec 13
Gaiax Co.Ltd. announced that it expects to receive ¥99.9719 million in funding from Sanwa System Co.,Ltd., F&M Co.,Ltd. and other investor Gaiax Co.Ltd. announced a private placement to issue not more than 189,700 common shares at an issue price of ¥527 per share for an aggregate gross proceeds of not more than ¥99,971,900 on December 12, 2022. The transaction will include participation from F&M Co.,Ltd. for 56,900 shares, Sanwa System Co.,Ltd. for 56,900 shares and individual investor, Yuji Ueda for 75,900 shares. The transaction has been approved by the shareholders meeting. The expected closing date is December 27, 2022. 공지 • Feb 16
Gaiax Co.Ltd. to Report Fiscal Year 2021 Results on Feb 15, 2022 Gaiax Co.Ltd. announced that they will report fiscal year 2021 results on Feb 15, 2022 공지 • Jun 02
Gaiax Co.Ltd. (NSE:3775) acquired GENIC LAB Co., Ltd. Gaiax Co.Ltd. (NSE:3775) acquired GENIC LAB Co., Ltd. on June 1, 2021. GENIC LAB will operate as a wholly owned subsidiary of Gaiax Co.
Gaiax Co.Ltd. (NSE:3775) completed the acquisition of GENIC LAB Co., Ltd. on June 1, 2021. 공지 • Feb 20
EDGE Co., Ltd. agreed to acquire 65.55% stake in EDGE, inc. from Gaiax Co.Ltd. (NSE:3775) for approximately ¥120 million. EDGE Co., Ltd. agreed to acquire 65.55% stake in EDGE, inc. from Gaiax Co.Ltd. (NSE:3775) for approximately ¥120 million on February 19, 2021. Under the terms, 0.065 million shares of EDGE, inc. will be acquired. EDGE, Inc. reported total assets of ¥1.694 billion, total assets of ¥40.23 million, ordinary profit of ¥15.882 million, net income of ¥15.812 million and net assets of ¥378.491 as of December 31, 2020. The transaction is expected to complete on March 1, 2021. 공지 • Feb 13
Gaiax Co.Ltd. to Report Fiscal Year 2020 Results on Feb 15, 2021 Gaiax Co.Ltd. announced that they will report fiscal year 2020 results on Feb 15, 2021 공지 • Jul 30
Gaiax Co.Ltd. (NSE:3775) acquired an unknown minority stake in LocoTabi Inc. Gaiax Co.Ltd. (NSE:3775) acquired an unknown minority stake in LocoTabi Inc. on June 8, 2020.
Gaiax Co.Ltd. (NSE:3775) completed the acquisition of an unknown minority stake in LocoTabi Inc. on June 8, 2020. 공지 • Jun 20
Gaiax Co.Ltd. (NSE:3775) entered into an agreement to acquire additional 38.44% minority stake in LocoTabi Inc. from Yutaka Shiiya. Gaiax Co.Ltd. (NSE:3775) entered into an agreement to acquire additional 38.44% stake in LocoTabi Inc. from Yutaka Shiiya on June 19, 2020. Under the terms, Gaiax Co.Ltd will acquire 21,851 shares. Post completion, LocoTabi will become a consolidated subsidiary of Gaiax Co by holding 50.002% stake. For the period ending November 2019, LocoTabi reported sales of ¥97.3 million, operating profit of ¥56.2 million and net income of ¥59.3 million. As at November 2019, it had total assets of ¥52.4 million. As on July 19, 2020, Board of Gaiax Co resolved this transaction. This deal is expected to close on July 1, 2020.