View Future GrowthSegue Group 과거 순이익 실적과거 기준 점검 5/6Segue Group은 연평균 3.7%의 비율로 수입이 증가해 온 반면, IT 산업은 수입이 12.7% 증가했습니다. 매출은 연평균 15.2%의 비율로 증가했습니다. Segue Group의 자기자본이익률은 28%이고 순이익률은 4.7%입니다.핵심 정보3.66%순이익 성장률5.34%주당순이익(EPS) 성장률IT 산업 성장률14.26%매출 성장률15.24%자기자본이익률27.99%순이익률4.75%최근 순이익 업데이트31 Dec 2025최근 과거 실적 업데이트Reported Earnings • Feb 16Full year 2025 earnings released: EPS: JP¥37.57 (vs JP¥15.71 in FY 2024)Full year 2025 results: EPS: JP¥37.57 (up from JP¥15.71 in FY 2024). Revenue: JP¥25.1b (up 34% from FY 2024). Net income: JP¥1.19b (up 135% from FY 2024). Profit margin: 4.7% (up from 2.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.공지 • Dec 30Segue Group Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026Segue Group Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: JP¥17.17 (vs JP¥5.63 in 3Q 2024)Third quarter 2025 results: EPS: JP¥17.17 (up from JP¥5.63 in 3Q 2024). Revenue: JP¥7.86b (up 43% from 3Q 2024). Net income: JP¥545.0m (up 203% from 3Q 2024). Profit margin: 6.9% (up from 3.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings.공지 • Sep 27Segue Group Co., Ltd. to Report Q3, 2025 Results on Nov 13, 2025Segue Group Co., Ltd. announced that they will report Q3, 2025 results on Nov 13, 2025분석 기사 • Aug 22Earnings Troubles May Signal Larger Issues for Segue Group (TSE:3968) ShareholdersThe market rallied behind Segue Group Co., Ltd.'s ( TSE:3968 ) stock, leading do a rise in the share price after its...Reported Earnings • Aug 15First half 2025 earnings released: EPS: JP¥12.72 (vs JP¥13.30 in 1H 2024)First half 2025 results: EPS: JP¥12.72 (down from JP¥13.30 in 1H 2024). Revenue: JP¥10.0b (up 19% from 1H 2024). Net income: JP¥402.8m (down 7.2% from 1H 2024). Profit margin: 4.0% (down from 5.2% in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings.모든 업데이트 보기Recent updatesBoard Change • Apr 21Less 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. 4 non-independent directors. Independent Outside Director Ryutaro Takada was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Declared Dividend • Apr 11Final dividend of JP¥9.00 announcedShareholders will receive a dividend of JP¥9.00. Ex-date: 29th June 2026 Payment date: 11th September 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 40% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.Reported Earnings • Feb 16Full year 2025 earnings released: EPS: JP¥37.57 (vs JP¥15.71 in FY 2024)Full year 2025 results: EPS: JP¥37.57 (up from JP¥15.71 in FY 2024). Revenue: JP¥25.1b (up 34% from FY 2024). Net income: JP¥1.19b (up 135% from FY 2024). Profit margin: 4.7% (up from 2.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.공지 • Feb 16Segue Group Co., Ltd., Annual General Meeting, Mar 25, 2026Segue Group Co., Ltd., Annual General Meeting, Mar 25, 2026.공지 • Feb 14+ 1 more updateSegue Group Co., Ltd. Announces Year End Dividend for the Year Ended December 31, 2025, Payable on March 26, 2026; Provides Dividend Guidance for the End of Second Quarter and Full Year Ending December 31, 2026Segue Group Co., Ltd. announced year end dividend of JPY 7.00 per share for the year ended December 31, 2025 compared to JPY 6.00 per share a year ago. Scheduled date for dividend payment: March 26, 2026. The company provided dividend guidance for the end of second quarter and full year ending December 31, 2026. For the end of second quarter, the company expects to pay dividend of JPY 9.00 per share compared to JPY 6.00 per share a year ago. For the full year ending December 31, 2026, the company expects to pay dividend of JPY 9.00 per share compared to JPY 7.00 per share a year ago.Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥531, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 101% over the past three years.공지 • Jan 23+ 1 more updateSegue Group Co., Ltd. has filed a Follow-on Equity Offering.Segue Group Co., Ltd. has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 5,225,000공지 • Dec 30Segue Group Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026Segue Group Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026Upcoming Dividend • Dec 22Upcoming dividend of JP¥7.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 March 2026. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%).분석 기사 • Nov 28Segue Group Co., Ltd.'s (TSE:3968) Shares Climb 25% But Its Business Is Yet to Catch UpSegue Group Co., Ltd. ( TSE:3968 ) shareholders would be excited to see that the share price has had a great month...Valuation Update With 7 Day Price Move • Nov 20Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥762, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 163% over the past three years.Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: JP¥17.17 (vs JP¥5.63 in 3Q 2024)Third quarter 2025 results: EPS: JP¥17.17 (up from JP¥5.63 in 3Q 2024). Revenue: JP¥7.86b (up 43% from 3Q 2024). Net income: JP¥545.0m (up 203% from 3Q 2024). Profit margin: 6.9% (up from 3.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings.분석 기사 • Sep 28Segue Group (TSE:3968) Is Increasing Its Dividend To ¥7.00The board of Segue Group Co., Ltd. ( TSE:3968 ) has announced that it will be paying its dividend of ¥7.00 on the 27th...공지 • Sep 27Segue Group Co., Ltd. to Report Q3, 2025 Results on Nov 13, 2025Segue Group Co., Ltd. announced that they will report Q3, 2025 results on Nov 13, 2025분석 기사 • Sep 12Segue Group (TSE:3968) Is Paying Out A Larger Dividend Than Last YearSegue Group Co., Ltd. ( TSE:3968 ) will increase its dividend from last year's comparable payment on the 27th of March...Declared Dividend • Sep 12First half dividend of JP¥7.00 announcedShareholders will receive a dividend of JP¥7.00. Ex-date: 29th December 2025 Payment date: 27th March 2026 Dividend yield will be 2.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 36% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 2.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.분석 기사 • Aug 22Earnings Troubles May Signal Larger Issues for Segue Group (TSE:3968) ShareholdersThe market rallied behind Segue Group Co., Ltd.'s ( TSE:3968 ) stock, leading do a rise in the share price after its...Valuation Update With 7 Day Price Move • Aug 20Investor sentiment improves as stock rises 25%After last week's 25% share price gain to JP¥651, the stock trades at a trailing P/E ratio of 43.5x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 241% over the past three years.분석 기사 • Aug 17Subdued Growth No Barrier To Segue Group Co., Ltd. (TSE:3968) With Shares Advancing 30%The Segue Group Co., Ltd. ( TSE:3968 ) share price has done very well over the last month, posting an excellent gain of...Reported Earnings • Aug 15First half 2025 earnings released: EPS: JP¥12.72 (vs JP¥13.30 in 1H 2024)First half 2025 results: EPS: JP¥12.72 (down from JP¥13.30 in 1H 2024). Revenue: JP¥10.0b (up 19% from 1H 2024). Net income: JP¥402.8m (down 7.2% from 1H 2024). Profit margin: 4.0% (down from 5.2% in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings.분석 기사 • Aug 14Segue Group (TSE:3968) Will Want To Turn Around Its Return TrendsIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...공지 • Jun 29Segue Group Co., Ltd. to Report Q2, 2025 Results on Aug 13, 2025Segue Group Co., Ltd. announced that they will report Q2, 2025 results on Aug 13, 2025Upcoming Dividend • Jun 20Upcoming dividend of JP¥6.00 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 12 September 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.2%).Reported Earnings • May 19First quarter 2025 earnings released: EPS: JP¥4.42 (vs JP¥16.15 in 1Q 2024)First quarter 2025 results: EPS: JP¥4.42 (down from JP¥16.15 in 1Q 2024). Revenue: JP¥4.79b (down 3.3% from 1Q 2024). Net income: JP¥140.0m (down 74% from 1Q 2024). Profit margin: 2.9% (down from 11% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings.분석 기사 • May 07Segue Group Co., Ltd.'s (TSE:3968) Shares Climb 28% But Its Business Is Yet to Catch UpSegue Group Co., Ltd. ( TSE:3968 ) shareholders are no doubt pleased to see that the share price has bounced 28% in the...분석 기사 • Apr 11Segue Group (TSE:3968) Has Announced A Dividend Of ¥6.00Segue Group Co., Ltd. ( TSE:3968 ) will pay a dividend of ¥6.00 on the 12th of September. This makes the dividend yield...Declared Dividend • Apr 11Final dividend of JP¥6.00 announcedShareholders will receive a dividend of JP¥6.00. Ex-date: 27th June 2025 Payment date: 12th September 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 41% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 5.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공지 • Apr 09Segue Group Co., Ltd. to Report Q1, 2025 Results on May 13, 2025Segue Group Co., Ltd. announced that they will report Q1, 2025 results on May 13, 2025New Risk • Apr 07New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥13.7b (US$93.8m) This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥13.7b market cap, or US$93.8m).Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥414, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 15x in the IT industry in Japan. Total returns to shareholders of 124% over the past three years.New Risk • Mar 25New 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 Risk Large one-off items impacting financial results.공지 • Feb 27Segue Group Co., Ltd. Announces Cash Dividend for the Fiscal Year Ended December 31, 2024, Payable on March 27, 2025; Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending December 31, 2025; Provides Dividend Guidance for the Year Ending December 31, 2025Segue Group Co., Ltd. announced cash dividend for the fiscal year ended December 31, 2024. For the year, the company announced dividend of JPY 6.00 per share against JPY 15.00 per share a year ago. Scheduled date to commence dividend payments is March 27, 2025. For the second quarter of fiscal year ending December 31, 2025, the company expects to pay dividend of JPY 6.00 per share against JPY 5.00 per share a year ago. For the year ending December 31, 2025, the company expects to pay dividend of JPY 7.00 per share against JPY 6.00 per share a year ago.공지 • Feb 25Segue Group Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2025Segue Group Co., Ltd. provided consolidated earnings guidance for the year ending December 31, 2025. For the year, the company expects net sales of JPY 22,500 million, operating profit of JPY 1,260 million, profit attributable to owners of parent of JPY 701 Million or JPY 22.15 basic earnings per share.분석 기사 • Feb 21Segue Group Co., Ltd. (TSE:3968) Shares May Have Slumped 25% But Getting In Cheap Is Still UnlikelyThe Segue Group Co., Ltd. ( TSE:3968 ) share price has fared very poorly over the last month, falling by a substantial...분석 기사 • Feb 20We Think You Can Look Beyond Segue Group's (TSE:3968) Lackluster EarningsInvestors weren't pleased with the recent soft earnings report from Segue Group Co., Ltd. ( TSE:3968 ). We did some...Valuation Update With 7 Day Price Move • Feb 20Investor sentiment deteriorates as stock falls 28%After last week's 28% share price decline to JP¥479, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 202% over the past three years.New Risk • Feb 19New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥14.8b (US$97.8m) This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥14.8b market cap, or US$97.8m).Reported Earnings • Feb 15Full year 2024 earnings released: EPS: JP¥15.62 (vs JP¥19.62 in FY 2023)Full year 2024 results: EPS: JP¥15.62 (down from JP¥19.62 in FY 2023). Revenue: JP¥18.7b (up 7.3% from FY 2023). Net income: JP¥507.0m (down 23% from FY 2023). Profit margin: 2.7% (down from 3.8% in FY 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Feb 14New 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 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Large one-off items impacting financial results.공지 • Feb 13Segue Group Co., Ltd., Annual General Meeting, Mar 26, 2025Segue Group Co., Ltd., Annual General Meeting, Mar 26, 2025.공지 • Jan 03Segue Group Co., Ltd. to Report Fiscal Year 2024 Results on Feb 13, 2025Segue Group Co., Ltd. announced that they will report fiscal year 2024 results on Feb 13, 2025Upcoming Dividend • Dec 20Upcoming dividend of JP¥6.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 27 March 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).공지 • Nov 14Segue Group Co., Ltd. (TSE:3968) announces an Equity Buyback for 400,000 shares, representing 1.23% for ¥230 million.Segue Group Co., Ltd. (TSE:3968) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.23% of its issued share capital (excluding treasury stocks) for ¥230 million. The purpose of the program is to enhance capital efficiency, shareholder returns and implement flexible capital policies that respond to changes in the business environment. The program will be valid till December 23, 2024. As of November 5, 2024, the company had 32,560,086 shares outstanding and no treasury shares.공지 • Sep 26Segue Group Co., Ltd. to Report Q3, 2024 Results on Nov 13, 2024Segue Group Co., Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024분석 기사 • Sep 04Segue Group Co., Ltd.'s (TSE:3968) 30% Share Price Surge Not Quite Adding UpSegue Group Co., Ltd. ( TSE:3968 ) shares have had a really impressive month, gaining 30% after a shaky period...공지 • Aug 21Segue Group Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2024Segue Group Co., Ltd. provided consolidated earnings guidance for the year ending December 31, 2024. For the year, the company expects net sales of JPY 18,800 million, operating profit of JPY 960 million, profit attributable to owners of parent of JPY 773 million and basic earnings per share of JPY 22.73.Declared Dividend • Aug 15Dividend of JP¥6.00 announcedShareholders will receive a dividend of JP¥6.00. Ex-date: 27th December 2024 Payment date: 27th March 2025 Dividend yield will be 1.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 37% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 27% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.분석 기사 • Aug 13Why We Like The Returns At Segue Group (TSE:3968)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥505, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 61% over the past three years.Buy Or Sell Opportunity • Jul 25Now 21% undervaluedOver the last 90 days, the stock has risen 24% to JP¥620. The fair value is estimated to be JP¥785, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 15%.공지 • Jun 27Segue Group Co., Ltd. to Report Q2, 2024 Results on Aug 13, 2024Segue Group Co., Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024Upcoming Dividend • Jun 20Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 17 September 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%).Buy Or Sell Opportunity • Jun 13Now 20% undervaluedOver the last 90 days, the stock has risen 5.2% to JP¥624. The fair value is estimated to be JP¥783, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 15%.New Risk • May 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 31% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (109% payout ratio). Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results.Reported Earnings • May 18First quarter 2024 earnings released: EPS: JP¥16.15 (vs JP¥8.24 in 1Q 2023)First quarter 2024 results: EPS: JP¥16.15 (up from JP¥8.24 in 1Q 2023). Revenue: JP¥4.95b (up 8.6% from 1Q 2023). Net income: JP¥539.0m (up 95% from 1Q 2023). Profit margin: 11% (up from 6.1% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year.Declared Dividend • Apr 11Final dividend of JP¥5.00 announcedShareholders will receive a dividend of JP¥5.00. Ex-date: 27th June 2024 Payment date: 17th September 2024 Dividend yield will be 3.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 43% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.공지 • Mar 27Segue Group Co., Ltd. to Report Q1, 2024 Results on May 14, 2024Segue Group Co., Ltd. announced that they will report Q1, 2024 results on May 14, 2024공지 • Mar 22Segue Group Co., Ltd. (TSE:3968) announces an Equity Buyback for 1,800,000 shares, for ¥1,053 million.Segue Group Co.,Ltd. (TSE:3968) announces a share repurchase program. Under the program, the company will repurchase up to 1,800,000 shares, representing 5.29% of its issued share capital for ¥1,053 million. The shares will be repurchased at ¥585 per share. The purpose of the program is to comprehensively consider the company's stock price level, market environment, etc., and to be able to implement a flexible capital policy in response to changes in the business environment. As of February 29, 2024, the company had 34,036,293 shares issued (excluding treasury stock) and 0 shares in treasury.공지 • Mar 13+ 3 more updatesSegue Group Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending December 31, 2024Segue Group Co., Ltd. provided dividend guidance for the fiscal year ending December 31, 2024. For the year, the company expects to pay a dividend of JPY 6.00 per share, against JPY 15.00 per share paid a year ago. At a meeting of the Board of Directors held on February 13, 2024, the Company resolved to conduct a 3-for-1 stock split of common shares, with an effective date of March 1, 2024. Dividend per share for the fiscal year ending December 31, 2024 (Forecast) is an amount reflecting this stock split. Excluding the effect of the stock split, the annual dividend per share for the fiscal year ending December 31, 2024 (forecast) would be JPY 33 (JPY 15 for the interim dividend and JPY 18 for the year-end dividend).분석 기사 • Feb 28Segue Group Co., Ltd. (TSE:3968) Stock Rockets 125% As Investors Are Less Pessimistic Than ExpectedThe Segue Group Co., Ltd. ( TSE:3968 ) share price has done very well over the last month, posting an excellent gain of...공지 • Feb 15Segue Group Co., Ltd., Annual General Meeting, Mar 26, 2024Segue Group Co., Ltd., Annual General Meeting, Mar 26, 2024.Reported Earnings • Feb 15Full year 2023 earnings released: EPS: JP¥58.85 (vs JP¥66.45 in FY 2022)Full year 2023 results: EPS: JP¥58.85 (down from JP¥66.45 in FY 2022). Revenue: JP¥17.4b (up 28% from FY 2022). Net income: JP¥660.0m (down 11% from FY 2022). Profit margin: 3.8% (down from 5.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.New Risk • Feb 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (4.2% net profit margin). Market cap is less than US$100m (JP¥12.5b market cap, or US$82.9m).Valuation Update With 7 Day Price Move • Feb 14Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥1,112, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 8.2% over the past three years.공지 • Dec 27Segue Group Co., Ltd. to Report Fiscal Year 2023 Results on Feb 13, 2024Segue Group Co., Ltd. announced that they will report fiscal year 2023 results on Feb 13, 2024Upcoming Dividend • Dec 21Upcoming dividend of JP¥15.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 March 2024. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%).공지 • Nov 29+ 1 more updateSegue Group Co., Ltd. Revises Consolidated Financial Guidance for the Year Ending December 31, 2023Segue Group Co., Ltd. revised consolidated financial guidance for the year ending December 31, 2023. For the year, the company expects net sales of ¥17,300 million, operating profit of ¥1,000 million, profit attributable to owners of parent of ¥679 million and earnings per share of ¥60.05 compared previous forecast for net sales of JPY ¥15,700 million, operating profit of ¥1,000 million, profit attributable to owners of parent of ¥679 million and earnings per share of ¥60.05.Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: JP¥16.85 (vs JP¥15.02 in 3Q 2022)Third quarter 2023 results: EPS: JP¥16.85 (up from JP¥15.02 in 3Q 2022). Revenue: JP¥4.35b (up 38% from 3Q 2022). Net income: JP¥189.0m (up 13% from 3Q 2022). Profit margin: 4.3% (down from 5.3% in 3Q 2022). The decrease in margin was driven by higher expenses. 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 11% per year, which means it is significantly lagging earnings.공지 • Sep 27Segue Group Co., Ltd. to Report Q3, 2023 Results on Nov 13, 2023Segue Group Co., Ltd. announced that they will report Q3, 2023 results on Nov 13, 2023공지 • Aug 24+ 2 more updatesSegue Group Co., Ltd. Provides Dividend Forecast for the Year Ending December 31, 2023Segue Group Co., Ltd. provided dividend forecast for the year ending December 31, 2023. For the year, the company to pay a dividend of ¥15 against ¥18 paid last year.New Risk • Aug 19New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 60% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (60% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (JP¥9.96b market cap, or US$68.5m).Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: JP¥11.59 (vs JP¥21.01 in 2Q 2022)Second quarter 2023 results: EPS: JP¥11.59 (down from JP¥21.01 in 2Q 2022). Revenue: JP¥4.50b (up 69% from 2Q 2022). Net income: JP¥130.0m (down 45% from 2Q 2022). Profit margin: 2.9% (down from 8.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Aug 10Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥908, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 19x in the IT industry in Japan. Total returns to shareholders of 8.3% over the past three years.공지 • Jun 26Segue Group Co.,Ltd. to Report Q2, 2023 Results on Aug 09, 2023Segue Group Co.,Ltd. announced that they will report Q2, 2023 results on Aug 09, 2023New Risk • Jun 23New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.8% 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 (7.8% 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¥12.4b market cap, or US$86.7m).공지 • May 31+ 2 more updatesSegue Group Co.,Ltd. Provides Dividend Guidance for the Full Year Ending December 31, 2023Segue Group Co.,Ltd. provides dividend guidance for the full year ending December 31, 2023. The company expects to pay dividend of JPY 15.00 against JPY 18.00 paid for the same period a year ago.Reported Earnings • May 12First quarter 2023 earnings released: EPS: JP¥24.71 (vs JP¥16.21 in 1Q 2022)First quarter 2023 results: EPS: JP¥24.71 (up from JP¥16.21 in 1Q 2022). Revenue: JP¥4.56b (up 37% from 1Q 2022). Net income: JP¥277.0m (up 53% from 1Q 2022). Profit margin: 6.1% (up from 5.4% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥957, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 16% over the past three years.Reported Earnings • Apr 01Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: JP¥66.45 (up from JP¥39.56 in FY 2021). Revenue: JP¥13.6b (up 13% from FY 2021). Net income: JP¥743.0m (up 64% from FY 2021). Profit margin: 5.5% (up from 3.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 15Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: JP¥66.45 (up from JP¥39.56 in FY 2021). Revenue: JP¥13.6b (up 13% from FY 2021). Net income: JP¥743.0m (up 64% from FY 2021). Profit margin: 5.5% (up from 3.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공지 • Feb 14Segue Group Co.,Ltd., Annual General Meeting, Mar 28, 2023Segue Group Co.,Ltd., Annual General Meeting, Mar 28, 2023.공지 • Dec 26Segue Group Co.,Ltd. to Report Q4, 2022 Results on Feb 13, 2023Segue Group Co.,Ltd. announced that they will report Q4, 2022 results on Feb 13, 2023Upcoming Dividend • Dec 22Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 27 March 2023. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).공지 • Dec 13Segue Group Co.,Ltd. Revises Year End Dividend Guidance for the Full Year 2022Segue Group Co.,Ltd. revised year end dividend guidance for the full year 2022. For the period, the company expected dividend of JPY 18 per share compared to previous guidance of JPY 16 per share.공지 • Dec 01+ 1 more updateSegue Group Co.,Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending December 31, 2022Segue Group Co.,Ltd. provided consolidated earnings guidance for the full year ending December 31, 2022. For the period, the company expects net sales to be JPY 13,300 million, operating income to be JPY 760 million, net income attributable to owners of parent to be JPY 656 million and net income per share to be JPY 58.75.Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: JP¥15.02 (vs JP¥3.48 in 3Q 2021)Third quarter 2022 results: EPS: JP¥15.02 (up from JP¥3.48 in 3Q 2021). Revenue: JP¥3.17b (up 26% from 3Q 2021). Net income: JP¥168.0m (up 320% from 3Q 2021). Profit margin: 5.3% (up from 1.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.공지 • Sep 24Segue Group Co.,Ltd. to Report Q3, 2022 Results on Nov 09, 2022Segue Group Co.,Ltd. announced that they will report Q3, 2022 results on Nov 09, 2022매출 및 비용 세부 내역Segue Group가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSE:3968 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비31 Dec 2525,0741,1913,638030 Sep 2522,6598403,803030 Jun 2520,3074753,837031 Mar 2518,5521083,869031 Dec 2418,7175073,743030 Sep 2417,9506783,597030 Jun 2416,7956873,360031 Mar 2417,8359223,147031 Dec 2317,4436603,037030 Sep 2317,8637552,910030 Jun 2316,6777342,802031 Mar 2314,8468392,698031 Dec 2213,6227432,652030 Sep 2212,8148172,543030 Jun 2212,1566892,531031 Mar 2211,9984472,454031 Dec 2112,0384542,452030 Sep 2111,8395012,462030 Jun 2111,8525802,397031 Mar 2111,8787092,325031 Dec 2010,9926342,248030 Sep 209,8134792,137030 Jun 209,6154462,077031 Mar 209,4553852,039031 Dec 199,6464111,983030 Sep 199,4973531,924030 Jun 199,3303311,853031 Mar 198,6773051,783031 Dec 188,7673771,684030 Sep 188,7403851,624030 Jun 188,5453511,577031 Mar 188,3553371,531031 Dec 177,7923191,488030 Sep 177,5733111,451031 Dec 166,8811621,352031 Dec 156,172981,4030양질의 수익: 3968의 비현금 수익 수준이 높습니다.이익 마진 증가: 3968의 현재 순 이익률 (4.7%)은 지난해 (2.7%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 3968의 수익은 지난 5년 동안 연평균 3.7% 증가했습니다.성장 가속화: 지난 1년간 3968 의 수익 증가율(134.9%)은 연간 평균(3.7%)을 초과합니다.수익 대 산업: 3968의 지난 1년 수익 증가율(134.9%)은 IT 업계의 16.4%를 상회했습니다.자기자본이익률높은 ROE: 3968의 자본 수익률(28%)은 높음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/09 10:28종가2026/05/08 00:00수익2025/12/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Segue Group Co., Ltd.는 2명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Kenichi ItoIchiyoshi Research Institute Inc.Kana SasakiThe Stock Research Center
Reported Earnings • Feb 16Full year 2025 earnings released: EPS: JP¥37.57 (vs JP¥15.71 in FY 2024)Full year 2025 results: EPS: JP¥37.57 (up from JP¥15.71 in FY 2024). Revenue: JP¥25.1b (up 34% from FY 2024). Net income: JP¥1.19b (up 135% from FY 2024). Profit margin: 4.7% (up from 2.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
공지 • Dec 30Segue Group Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026Segue Group Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: JP¥17.17 (vs JP¥5.63 in 3Q 2024)Third quarter 2025 results: EPS: JP¥17.17 (up from JP¥5.63 in 3Q 2024). Revenue: JP¥7.86b (up 43% from 3Q 2024). Net income: JP¥545.0m (up 203% from 3Q 2024). Profit margin: 6.9% (up from 3.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings.
공지 • Sep 27Segue Group Co., Ltd. to Report Q3, 2025 Results on Nov 13, 2025Segue Group Co., Ltd. announced that they will report Q3, 2025 results on Nov 13, 2025
분석 기사 • Aug 22Earnings Troubles May Signal Larger Issues for Segue Group (TSE:3968) ShareholdersThe market rallied behind Segue Group Co., Ltd.'s ( TSE:3968 ) stock, leading do a rise in the share price after its...
Reported Earnings • Aug 15First half 2025 earnings released: EPS: JP¥12.72 (vs JP¥13.30 in 1H 2024)First half 2025 results: EPS: JP¥12.72 (down from JP¥13.30 in 1H 2024). Revenue: JP¥10.0b (up 19% from 1H 2024). Net income: JP¥402.8m (down 7.2% from 1H 2024). Profit margin: 4.0% (down from 5.2% in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings.
Board Change • Apr 21Less 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. 4 non-independent directors. Independent Outside Director Ryutaro Takada was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Declared Dividend • Apr 11Final dividend of JP¥9.00 announcedShareholders will receive a dividend of JP¥9.00. Ex-date: 29th June 2026 Payment date: 11th September 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (35% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 40% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
Reported Earnings • Feb 16Full year 2025 earnings released: EPS: JP¥37.57 (vs JP¥15.71 in FY 2024)Full year 2025 results: EPS: JP¥37.57 (up from JP¥15.71 in FY 2024). Revenue: JP¥25.1b (up 34% from FY 2024). Net income: JP¥1.19b (up 135% from FY 2024). Profit margin: 4.7% (up from 2.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
공지 • Feb 16Segue Group Co., Ltd., Annual General Meeting, Mar 25, 2026Segue Group Co., Ltd., Annual General Meeting, Mar 25, 2026.
공지 • Feb 14+ 1 more updateSegue Group Co., Ltd. Announces Year End Dividend for the Year Ended December 31, 2025, Payable on March 26, 2026; Provides Dividend Guidance for the End of Second Quarter and Full Year Ending December 31, 2026Segue Group Co., Ltd. announced year end dividend of JPY 7.00 per share for the year ended December 31, 2025 compared to JPY 6.00 per share a year ago. Scheduled date for dividend payment: March 26, 2026. The company provided dividend guidance for the end of second quarter and full year ending December 31, 2026. For the end of second quarter, the company expects to pay dividend of JPY 9.00 per share compared to JPY 6.00 per share a year ago. For the full year ending December 31, 2026, the company expects to pay dividend of JPY 9.00 per share compared to JPY 7.00 per share a year ago.
Valuation Update With 7 Day Price Move • Jan 27Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥531, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 101% over the past three years.
공지 • Jan 23+ 1 more updateSegue Group Co., Ltd. has filed a Follow-on Equity Offering.Segue Group Co., Ltd. has filed a Follow-on Equity Offering. Security Name: Shares Security Type: Common Stock Securities Offered: 5,225,000
공지 • Dec 30Segue Group Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026Segue Group Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026
Upcoming Dividend • Dec 22Upcoming dividend of JP¥7.00 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 27 March 2026. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%).
분석 기사 • Nov 28Segue Group Co., Ltd.'s (TSE:3968) Shares Climb 25% But Its Business Is Yet to Catch UpSegue Group Co., Ltd. ( TSE:3968 ) shareholders would be excited to see that the share price has had a great month...
Valuation Update With 7 Day Price Move • Nov 20Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥762, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 163% over the past three years.
Reported Earnings • Nov 17Third quarter 2025 earnings released: EPS: JP¥17.17 (vs JP¥5.63 in 3Q 2024)Third quarter 2025 results: EPS: JP¥17.17 (up from JP¥5.63 in 3Q 2024). Revenue: JP¥7.86b (up 43% from 3Q 2024). Net income: JP¥545.0m (up 203% from 3Q 2024). Profit margin: 6.9% (up from 3.3% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings.
분석 기사 • Sep 28Segue Group (TSE:3968) Is Increasing Its Dividend To ¥7.00The board of Segue Group Co., Ltd. ( TSE:3968 ) has announced that it will be paying its dividend of ¥7.00 on the 27th...
공지 • Sep 27Segue Group Co., Ltd. to Report Q3, 2025 Results on Nov 13, 2025Segue Group Co., Ltd. announced that they will report Q3, 2025 results on Nov 13, 2025
분석 기사 • Sep 12Segue Group (TSE:3968) Is Paying Out A Larger Dividend Than Last YearSegue Group Co., Ltd. ( TSE:3968 ) will increase its dividend from last year's comparable payment on the 27th of March...
Declared Dividend • Sep 12First half dividend of JP¥7.00 announcedShareholders will receive a dividend of JP¥7.00. Ex-date: 29th December 2025 Payment date: 27th March 2026 Dividend yield will be 2.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (80% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 36% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 2.9% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
분석 기사 • Aug 22Earnings Troubles May Signal Larger Issues for Segue Group (TSE:3968) ShareholdersThe market rallied behind Segue Group Co., Ltd.'s ( TSE:3968 ) stock, leading do a rise in the share price after its...
Valuation Update With 7 Day Price Move • Aug 20Investor sentiment improves as stock rises 25%After last week's 25% share price gain to JP¥651, the stock trades at a trailing P/E ratio of 43.5x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 241% over the past three years.
분석 기사 • Aug 17Subdued Growth No Barrier To Segue Group Co., Ltd. (TSE:3968) With Shares Advancing 30%The Segue Group Co., Ltd. ( TSE:3968 ) share price has done very well over the last month, posting an excellent gain of...
Reported Earnings • Aug 15First half 2025 earnings released: EPS: JP¥12.72 (vs JP¥13.30 in 1H 2024)First half 2025 results: EPS: JP¥12.72 (down from JP¥13.30 in 1H 2024). Revenue: JP¥10.0b (up 19% from 1H 2024). Net income: JP¥402.8m (down 7.2% from 1H 2024). Profit margin: 4.0% (down from 5.2% in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 46% per year, which means it is well ahead of earnings.
분석 기사 • Aug 14Segue Group (TSE:3968) Will Want To Turn Around Its Return TrendsIf you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...
공지 • Jun 29Segue Group Co., Ltd. to Report Q2, 2025 Results on Aug 13, 2025Segue Group Co., Ltd. announced that they will report Q2, 2025 results on Aug 13, 2025
Upcoming Dividend • Jun 20Upcoming dividend of JP¥6.00 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 12 September 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.2%).
Reported Earnings • May 19First quarter 2025 earnings released: EPS: JP¥4.42 (vs JP¥16.15 in 1Q 2024)First quarter 2025 results: EPS: JP¥4.42 (down from JP¥16.15 in 1Q 2024). Revenue: JP¥4.79b (down 3.3% from 1Q 2024). Net income: JP¥140.0m (down 74% from 1Q 2024). Profit margin: 2.9% (down from 11% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings.
분석 기사 • May 07Segue Group Co., Ltd.'s (TSE:3968) Shares Climb 28% But Its Business Is Yet to Catch UpSegue Group Co., Ltd. ( TSE:3968 ) shareholders are no doubt pleased to see that the share price has bounced 28% in the...
분석 기사 • Apr 11Segue Group (TSE:3968) Has Announced A Dividend Of ¥6.00Segue Group Co., Ltd. ( TSE:3968 ) will pay a dividend of ¥6.00 on the 12th of September. This makes the dividend yield...
Declared Dividend • Apr 11Final dividend of JP¥6.00 announcedShareholders will receive a dividend of JP¥6.00. Ex-date: 27th June 2025 Payment date: 12th September 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 41% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 5.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공지 • Apr 09Segue Group Co., Ltd. to Report Q1, 2025 Results on May 13, 2025Segue Group Co., Ltd. announced that they will report Q1, 2025 results on May 13, 2025
New Risk • Apr 07New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥13.7b (US$93.8m) This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥13.7b market cap, or US$93.8m).
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥414, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 15x in the IT industry in Japan. Total returns to shareholders of 124% over the past three years.
New Risk • Mar 25New 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 Risk Large one-off items impacting financial results.
공지 • Feb 27Segue Group Co., Ltd. Announces Cash Dividend for the Fiscal Year Ended December 31, 2024, Payable on March 27, 2025; Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending December 31, 2025; Provides Dividend Guidance for the Year Ending December 31, 2025Segue Group Co., Ltd. announced cash dividend for the fiscal year ended December 31, 2024. For the year, the company announced dividend of JPY 6.00 per share against JPY 15.00 per share a year ago. Scheduled date to commence dividend payments is March 27, 2025. For the second quarter of fiscal year ending December 31, 2025, the company expects to pay dividend of JPY 6.00 per share against JPY 5.00 per share a year ago. For the year ending December 31, 2025, the company expects to pay dividend of JPY 7.00 per share against JPY 6.00 per share a year ago.
공지 • Feb 25Segue Group Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2025Segue Group Co., Ltd. provided consolidated earnings guidance for the year ending December 31, 2025. For the year, the company expects net sales of JPY 22,500 million, operating profit of JPY 1,260 million, profit attributable to owners of parent of JPY 701 Million or JPY 22.15 basic earnings per share.
분석 기사 • Feb 21Segue Group Co., Ltd. (TSE:3968) Shares May Have Slumped 25% But Getting In Cheap Is Still UnlikelyThe Segue Group Co., Ltd. ( TSE:3968 ) share price has fared very poorly over the last month, falling by a substantial...
분석 기사 • Feb 20We Think You Can Look Beyond Segue Group's (TSE:3968) Lackluster EarningsInvestors weren't pleased with the recent soft earnings report from Segue Group Co., Ltd. ( TSE:3968 ). We did some...
Valuation Update With 7 Day Price Move • Feb 20Investor sentiment deteriorates as stock falls 28%After last week's 28% share price decline to JP¥479, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 202% over the past three years.
New Risk • Feb 19New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥14.8b (US$97.8m) This is considered a minor 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: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥14.8b market cap, or US$97.8m).
Reported Earnings • Feb 15Full year 2024 earnings released: EPS: JP¥15.62 (vs JP¥19.62 in FY 2023)Full year 2024 results: EPS: JP¥15.62 (down from JP¥19.62 in FY 2023). Revenue: JP¥18.7b (up 7.3% from FY 2023). Net income: JP¥507.0m (down 23% from FY 2023). Profit margin: 2.7% (down from 3.8% in FY 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Feb 14New 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 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Large one-off items impacting financial results.
공지 • Feb 13Segue Group Co., Ltd., Annual General Meeting, Mar 26, 2025Segue Group Co., Ltd., Annual General Meeting, Mar 26, 2025.
공지 • Jan 03Segue Group Co., Ltd. to Report Fiscal Year 2024 Results on Feb 13, 2025Segue Group Co., Ltd. announced that they will report fiscal year 2024 results on Feb 13, 2025
Upcoming Dividend • Dec 20Upcoming dividend of JP¥6.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 27 March 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%).
공지 • Nov 14Segue Group Co., Ltd. (TSE:3968) announces an Equity Buyback for 400,000 shares, representing 1.23% for ¥230 million.Segue Group Co., Ltd. (TSE:3968) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.23% of its issued share capital (excluding treasury stocks) for ¥230 million. The purpose of the program is to enhance capital efficiency, shareholder returns and implement flexible capital policies that respond to changes in the business environment. The program will be valid till December 23, 2024. As of November 5, 2024, the company had 32,560,086 shares outstanding and no treasury shares.
공지 • Sep 26Segue Group Co., Ltd. to Report Q3, 2024 Results on Nov 13, 2024Segue Group Co., Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024
분석 기사 • Sep 04Segue Group Co., Ltd.'s (TSE:3968) 30% Share Price Surge Not Quite Adding UpSegue Group Co., Ltd. ( TSE:3968 ) shares have had a really impressive month, gaining 30% after a shaky period...
공지 • Aug 21Segue Group Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2024Segue Group Co., Ltd. provided consolidated earnings guidance for the year ending December 31, 2024. For the year, the company expects net sales of JPY 18,800 million, operating profit of JPY 960 million, profit attributable to owners of parent of JPY 773 million and basic earnings per share of JPY 22.73.
Declared Dividend • Aug 15Dividend of JP¥6.00 announcedShareholders will receive a dividend of JP¥6.00. Ex-date: 27th December 2024 Payment date: 27th March 2025 Dividend yield will be 1.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 37% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 27% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
분석 기사 • Aug 13Why We Like The Returns At Segue Group (TSE:3968)To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥505, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 61% over the past three years.
Buy Or Sell Opportunity • Jul 25Now 21% undervaluedOver the last 90 days, the stock has risen 24% to JP¥620. The fair value is estimated to be JP¥785, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 15%.
공지 • Jun 27Segue Group Co., Ltd. to Report Q2, 2024 Results on Aug 13, 2024Segue Group Co., Ltd. announced that they will report Q2, 2024 results on Aug 13, 2024
Upcoming Dividend • Jun 20Upcoming dividend of JP¥5.00 per shareEligible shareholders must have bought the stock before 27 June 2024. Payment date: 17 September 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%).
Buy Or Sell Opportunity • Jun 13Now 20% undervaluedOver the last 90 days, the stock has risen 5.2% to JP¥624. The fair value is estimated to be JP¥783, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 15%.
New Risk • May 18New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 31% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (109% payout ratio). Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results.
Reported Earnings • May 18First quarter 2024 earnings released: EPS: JP¥16.15 (vs JP¥8.24 in 1Q 2023)First quarter 2024 results: EPS: JP¥16.15 (up from JP¥8.24 in 1Q 2023). Revenue: JP¥4.95b (up 8.6% from 1Q 2023). Net income: JP¥539.0m (up 95% from 1Q 2023). Profit margin: 11% (up from 6.1% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year.
Declared Dividend • Apr 11Final dividend of JP¥5.00 announcedShareholders will receive a dividend of JP¥5.00. Ex-date: 27th June 2024 Payment date: 17th September 2024 Dividend yield will be 3.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 43% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover.
공지 • Mar 27Segue Group Co., Ltd. to Report Q1, 2024 Results on May 14, 2024Segue Group Co., Ltd. announced that they will report Q1, 2024 results on May 14, 2024
공지 • Mar 22Segue Group Co., Ltd. (TSE:3968) announces an Equity Buyback for 1,800,000 shares, for ¥1,053 million.Segue Group Co.,Ltd. (TSE:3968) announces a share repurchase program. Under the program, the company will repurchase up to 1,800,000 shares, representing 5.29% of its issued share capital for ¥1,053 million. The shares will be repurchased at ¥585 per share. The purpose of the program is to comprehensively consider the company's stock price level, market environment, etc., and to be able to implement a flexible capital policy in response to changes in the business environment. As of February 29, 2024, the company had 34,036,293 shares issued (excluding treasury stock) and 0 shares in treasury.
공지 • Mar 13+ 3 more updatesSegue Group Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending December 31, 2024Segue Group Co., Ltd. provided dividend guidance for the fiscal year ending December 31, 2024. For the year, the company expects to pay a dividend of JPY 6.00 per share, against JPY 15.00 per share paid a year ago. At a meeting of the Board of Directors held on February 13, 2024, the Company resolved to conduct a 3-for-1 stock split of common shares, with an effective date of March 1, 2024. Dividend per share for the fiscal year ending December 31, 2024 (Forecast) is an amount reflecting this stock split. Excluding the effect of the stock split, the annual dividend per share for the fiscal year ending December 31, 2024 (forecast) would be JPY 33 (JPY 15 for the interim dividend and JPY 18 for the year-end dividend).
분석 기사 • Feb 28Segue Group Co., Ltd. (TSE:3968) Stock Rockets 125% As Investors Are Less Pessimistic Than ExpectedThe Segue Group Co., Ltd. ( TSE:3968 ) share price has done very well over the last month, posting an excellent gain of...
공지 • Feb 15Segue Group Co., Ltd., Annual General Meeting, Mar 26, 2024Segue Group Co., Ltd., Annual General Meeting, Mar 26, 2024.
Reported Earnings • Feb 15Full year 2023 earnings released: EPS: JP¥58.85 (vs JP¥66.45 in FY 2022)Full year 2023 results: EPS: JP¥58.85 (down from JP¥66.45 in FY 2022). Revenue: JP¥17.4b (up 28% from FY 2022). Net income: JP¥660.0m (down 11% from FY 2022). Profit margin: 3.8% (down from 5.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
New Risk • Feb 14New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (4.2% net profit margin). Market cap is less than US$100m (JP¥12.5b market cap, or US$82.9m).
Valuation Update With 7 Day Price Move • Feb 14Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥1,112, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 8.2% over the past three years.
공지 • Dec 27Segue Group Co., Ltd. to Report Fiscal Year 2023 Results on Feb 13, 2024Segue Group Co., Ltd. announced that they will report fiscal year 2023 results on Feb 13, 2024
Upcoming Dividend • Dec 21Upcoming dividend of JP¥15.00 per share at 3.3% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 March 2024. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%).
공지 • Nov 29+ 1 more updateSegue Group Co., Ltd. Revises Consolidated Financial Guidance for the Year Ending December 31, 2023Segue Group Co., Ltd. revised consolidated financial guidance for the year ending December 31, 2023. For the year, the company expects net sales of ¥17,300 million, operating profit of ¥1,000 million, profit attributable to owners of parent of ¥679 million and earnings per share of ¥60.05 compared previous forecast for net sales of JPY ¥15,700 million, operating profit of ¥1,000 million, profit attributable to owners of parent of ¥679 million and earnings per share of ¥60.05.
Reported Earnings • Nov 16Third quarter 2023 earnings released: EPS: JP¥16.85 (vs JP¥15.02 in 3Q 2022)Third quarter 2023 results: EPS: JP¥16.85 (up from JP¥15.02 in 3Q 2022). Revenue: JP¥4.35b (up 38% from 3Q 2022). Net income: JP¥189.0m (up 13% from 3Q 2022). Profit margin: 4.3% (down from 5.3% in 3Q 2022). The decrease in margin was driven by higher expenses. 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 11% per year, which means it is significantly lagging earnings.
공지 • Sep 27Segue Group Co., Ltd. to Report Q3, 2023 Results on Nov 13, 2023Segue Group Co., Ltd. announced that they will report Q3, 2023 results on Nov 13, 2023
공지 • Aug 24+ 2 more updatesSegue Group Co., Ltd. Provides Dividend Forecast for the Year Ending December 31, 2023Segue Group Co., Ltd. provided dividend forecast for the year ending December 31, 2023. For the year, the company to pay a dividend of ¥15 against ¥18 paid last year.
New Risk • Aug 19New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 60% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (60% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (JP¥9.96b market cap, or US$68.5m).
Reported Earnings • Aug 11Second quarter 2023 earnings released: EPS: JP¥11.59 (vs JP¥21.01 in 2Q 2022)Second quarter 2023 results: EPS: JP¥11.59 (down from JP¥21.01 in 2Q 2022). Revenue: JP¥4.50b (up 69% from 2Q 2022). Net income: JP¥130.0m (down 45% from 2Q 2022). Profit margin: 2.9% (down from 8.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Aug 10Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥908, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 19x in the IT industry in Japan. Total returns to shareholders of 8.3% over the past three years.
공지 • Jun 26Segue Group Co.,Ltd. to Report Q2, 2023 Results on Aug 09, 2023Segue Group Co.,Ltd. announced that they will report Q2, 2023 results on Aug 09, 2023
New Risk • Jun 23New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.8% 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 (7.8% 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¥12.4b market cap, or US$86.7m).
공지 • May 31+ 2 more updatesSegue Group Co.,Ltd. Provides Dividend Guidance for the Full Year Ending December 31, 2023Segue Group Co.,Ltd. provides dividend guidance for the full year ending December 31, 2023. The company expects to pay dividend of JPY 15.00 against JPY 18.00 paid for the same period a year ago.
Reported Earnings • May 12First quarter 2023 earnings released: EPS: JP¥24.71 (vs JP¥16.21 in 1Q 2022)First quarter 2023 results: EPS: JP¥24.71 (up from JP¥16.21 in 1Q 2022). Revenue: JP¥4.56b (up 37% from 1Q 2022). Net income: JP¥277.0m (up 53% from 1Q 2022). Profit margin: 6.1% (up from 5.4% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥957, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 16% over the past three years.
Reported Earnings • Apr 01Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: JP¥66.45 (up from JP¥39.56 in FY 2021). Revenue: JP¥13.6b (up 13% from FY 2021). Net income: JP¥743.0m (up 64% from FY 2021). Profit margin: 5.5% (up from 3.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 15Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2022 results: EPS: JP¥66.45 (up from JP¥39.56 in FY 2021). Revenue: JP¥13.6b (up 13% from FY 2021). Net income: JP¥743.0m (up 64% from FY 2021). Profit margin: 5.5% (up from 3.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공지 • Feb 14Segue Group Co.,Ltd., Annual General Meeting, Mar 28, 2023Segue Group Co.,Ltd., Annual General Meeting, Mar 28, 2023.
공지 • Dec 26Segue Group Co.,Ltd. to Report Q4, 2022 Results on Feb 13, 2023Segue Group Co.,Ltd. announced that they will report Q4, 2022 results on Feb 13, 2023
Upcoming Dividend • Dec 22Upcoming dividend of JP¥18.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 27 March 2023. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.7%).
공지 • Dec 13Segue Group Co.,Ltd. Revises Year End Dividend Guidance for the Full Year 2022Segue Group Co.,Ltd. revised year end dividend guidance for the full year 2022. For the period, the company expected dividend of JPY 18 per share compared to previous guidance of JPY 16 per share.
공지 • Dec 01+ 1 more updateSegue Group Co.,Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending December 31, 2022Segue Group Co.,Ltd. provided consolidated earnings guidance for the full year ending December 31, 2022. For the period, the company expects net sales to be JPY 13,300 million, operating income to be JPY 760 million, net income attributable to owners of parent to be JPY 656 million and net income per share to be JPY 58.75.
Reported Earnings • Nov 11Third quarter 2022 earnings released: EPS: JP¥15.02 (vs JP¥3.48 in 3Q 2021)Third quarter 2022 results: EPS: JP¥15.02 (up from JP¥3.48 in 3Q 2021). Revenue: JP¥3.17b (up 26% from 3Q 2021). Net income: JP¥168.0m (up 320% from 3Q 2021). Profit margin: 5.3% (up from 1.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
공지 • Sep 24Segue Group Co.,Ltd. to Report Q3, 2022 Results on Nov 09, 2022Segue Group Co.,Ltd. announced that they will report Q3, 2022 results on Nov 09, 2022