View Future GrowthVario Secure 과거 순이익 실적과거 기준 점검 1/6Vario Secure의 수입은 연평균 -11.8%의 비율로 감소해 온 반면, IT 산업은 수입이 연평균 11.8% 증가했습니다. 매출은 연평균 1.2%의 비율로 증가해 왔습니다. Vario Secure의 자기자본이익률은 5.8%이고 순이익률은 12.8%입니다.핵심 정보-11.76%순이익 성장률-17.63%주당순이익(EPS) 성장률IT 산업 성장률14.26%매출 성장률1.17%자기자본이익률5.78%순이익률12.83%최근 순이익 업데이트31 May 2025최근 과거 실적 업데이트공시 • Apr 02Vario Secure Inc. to Report Fiscal Year 2026 Results on Apr 08, 2026Vario Secure Inc. announced that they will report fiscal year 2026 results on Apr 08, 2026공시 • Nov 01Vario Secure Inc. to Report Q3, 2026 Results on Jan 09, 2026Vario Secure Inc. announced that they will report Q3, 2026 results on Jan 09, 2026공시 • Aug 01Vario Secure Inc. to Report Q2, 2026 Results on Oct 10, 2025Vario Secure Inc. announced that they will report Q2, 2026 results on Oct 10, 2025공시 • May 10Vario Secure Inc. to Report Q1, 2026 Results on Jul 11, 2025Vario Secure Inc. announced that they will report Q1, 2026 results on Jul 11, 2025공시 • Feb 03Vario Secure Inc. to Report Fiscal Year 2025 Results on Apr 10, 2025Vario Secure Inc. announced that they will report fiscal year 2025 results on Apr 10, 2025공시 • Nov 30Vario Secure Inc. to Report Q3, 2025 Results on Jan 10, 2025Vario Secure Inc. announced that they will report Q3, 2025 results on Jan 10, 2025모든 업데이트 보기Recent updatesBoard Change • May 12Less 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. Outside Independent Director Motoi Moriwaki was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공시 • Apr 15HEROZ, Inc. (TSE:4382) executed a share exchange agreement to acquire remaining 57.20% stake in Vario Secure Inc. (TSE:4494) from group of shareholders for ¥2.2 billion.HEROZ, Inc. (TSE:4382) executed a share exchange agreement to acquire remaining 57.20% stake in Vario Secure Inc. (TSE:4494) from group of shareholders for ¥2.2 billion on April 14, 2026. Upon completion, HEROZ, Inc. will own 100% stake in Vario Secure Inc. 0.99 HEROZ Common Shares will be allotted and delivered for each one (1) Variosecure Common Share. However, no allotment of shares through the Share Exchange will be made with respect to the Variosecure Common Shares held by HEROZ. Variosecure Common Shares are expected to be delisted from the Standard Market of the Tokyo Stock Exchange on June 26, 2026, in accordance with the delisting criteria of the Standard Market of the Tokyo Stock Exchange. Establishment of a Special Committee Comprising Members with No Conflicts of Interest and Obtaining of a Written Report at Variosecure. The transaction is subject to approval of merger agreement by target board and approval of offer by acquirer board. The deal has been approved by the board. The expected completion of the transaction is June 30, 2026. Maxus Corporate Advisory acted as fairness opinion provider to Variosecure, Mori Hamada & Matsumoto acted as legal advisor to HEROZ, Anderson Mori & Tomotsune acted as legal advisor to Variosecure,공시 • Apr 14Vario Secure Inc., Annual General Meeting, May 27, 2026Vario Secure Inc., Annual General Meeting, May 27, 2026.Buy Or Sell Opportunity • Apr 14Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at JP¥775. The fair value is estimated to be JP¥638, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.공시 • Apr 02Vario Secure Inc. to Report Fiscal Year 2026 Results on Apr 08, 2026Vario Secure Inc. announced that they will report fiscal year 2026 results on Apr 08, 2026Buy Or Sell Opportunity • Feb 27Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at JP¥769. The fair value is estimated to be JP¥640, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.New Risk • Jan 27New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended May 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported May 2025 fiscal period end). Market cap is less than US$100m (JP¥3.48b market cap, or US$22.6m).분석 기사 • Jan 09Vario Secure (TSE:4494) Will Be Hoping To Turn Its Returns On Capital AroundIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we...Buy Or Sell Opportunity • Dec 29Now 20% overvaluedOver the last 90 days, the stock has fallen 14% to JP¥743. The fair value is estimated to be JP¥619, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.Buy Or Sell Opportunity • Dec 08Now 22% overvaluedOver the last 90 days, the stock has fallen 1.9% to JP¥764. The fair value is estimated to be JP¥624, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.공시 • Nov 01Vario Secure Inc. to Report Q3, 2026 Results on Jan 09, 2026Vario Secure Inc. announced that they will report Q3, 2026 results on Jan 09, 2026New Risk • Sep 25New 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: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Market cap is less than US$100m (JP¥4.20b market cap, or US$28.2m).분석 기사 • Sep 18Vario Secure (TSE:4494) Has Some Difficulty Using Its Capital EffectivelyWhen it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...공시 • Aug 01Vario Secure Inc. to Report Q2, 2026 Results on Oct 10, 2025Vario Secure Inc. announced that they will report Q2, 2026 results on Oct 10, 2025Buy Or Sell Opportunity • Jul 31Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 8.3% to JP¥770. The fair value is estimated to be JP¥641, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.공시 • May 10Vario Secure Inc. to Report Q1, 2026 Results on Jul 11, 2025Vario Secure Inc. announced that they will report Q1, 2026 results on Jul 11, 2025분석 기사 • May 07Vario Secure Inc. (TSE:4494) Shares Fly 31% But Investors Aren't Buying For GrowthVario Secure Inc. ( TSE:4494 ) shareholders have had their patience rewarded with a 31% share price jump in the last...공시 • Apr 23Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2026Vario Secure Inc. Provided Non-Consolidated earnings guidance for the fiscal year ending February 28, 2026. For the period, the company expects revenue of JPY 2,972 million, operating profit of JPY 590 million, profit of JPY 399 million and basic earnings per share of JPY 88.45.공시 • Apr 10Vario Secure Inc., Annual General Meeting, May 27, 2025Vario Secure Inc., Annual General Meeting, May 27, 2025.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥543, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 15x in the IT industry in Japan. Total loss to shareholders of 53% over the past three years.Buy Or Sell Opportunity • Mar 25Now 25% undervaluedOver the last 90 days, the stock has risen 30% to JP¥701. The fair value is estimated to be JP¥937, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 26%.Valuation Update With 7 Day Price Move • Mar 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥750, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 36% over the past three years.분석 기사 • Mar 13Vario Secure Inc.'s (TSE:4494) Price Is Right But Growth Is LackingVario Secure Inc.'s ( TSE:4494 ) price-to-earnings (or "P/E") ratio of 9.8x might make it look like a buy right now...New Risk • Mar 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (JP¥3.14b market cap, or US$21.2m).공시 • Feb 03Vario Secure Inc. to Report Fiscal Year 2025 Results on Apr 10, 2025Vario Secure Inc. announced that they will report fiscal year 2025 results on Apr 10, 2025공시 • Nov 30Vario Secure Inc. to Report Q3, 2025 Results on Jan 10, 2025Vario Secure Inc. announced that they will report Q3, 2025 results on Jan 10, 2025Valuation Update With 7 Day Price Move • Aug 22Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥736, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 41% over the past three years.분석 기사 • Aug 21Vario Secure (TSE:4494) Will Be Hoping To Turn Its Returns On Capital AroundIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Typically...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥541, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 57% over the past three years.Buy Or Sell Opportunity • Aug 05Now 27% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to JP¥541. The fair value is estimated to be JP¥742, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 22%.공시 • Aug 02Vario Secure Inc. to Report Q2, 2025 Results on Oct 11, 2024Vario Secure Inc. announced that they will report Q2, 2025 results on Oct 11, 2024Reported Earnings • Jul 18First quarter 2025 earnings released: EPS: JP¥22.34 (vs JP¥21.77 in 1Q 2024)First quarter 2025 results: EPS: JP¥22.34 (up from JP¥21.77 in 1Q 2024). Revenue: JP¥673.5m (up 4.6% from 1Q 2024). Net income: JP¥100.9m (up 2.7% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year and the company’s share price has also fallen by 22% per year.공시 • Jul 12Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2025Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 28, 2025. For the year, the company expects revenue of JPY 2,753 million, operating profit of JPY 485 million, profit of JPY 336 million and basic earnings per share of JPY 74.47.공시 • May 29Vario Secure Inc. to Report Q1, 2025 Results on Jul 10, 2024Vario Secure Inc. announced that they will report Q1, 2025 results on Jul 10, 2024공시 • Apr 12Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expected revenue of JPY 2,753 million, operating profit of JPY 485 million, profit of JPY 336 million and basic earnings per share of JPY 74.47.공시 • Feb 08Vario Secure Inc. to Report Fiscal Year 2024 Results on Apr 10, 2024Vario Secure Inc. announced that they will report fiscal year 2024 results on Apr 10, 2024Buying Opportunity • Jan 12Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥839, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 45%.Buying Opportunity • Dec 13Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be JP¥857, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 16%.공시 • Nov 02Vario Secure Inc. to Report Q3, 2024 Results on Jan 11, 2024Vario Secure Inc. announced that they will report Q3, 2024 results on Jan 11, 2024Buying Opportunity • Oct 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be JP¥921, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 16%.Reported Earnings • Oct 15Second quarter 2024 earnings released: EPS: JP¥20.44 (vs JP¥31.28 in 2Q 2023)Second quarter 2024 results: EPS: JP¥20.44 (down from JP¥31.28 in 2Q 2023). Revenue: JP¥662.2m (flat on 2Q 2023). Net income: JP¥92.3m (down 22% from 2Q 2023). Profit margin: 14% (down from 18% in 2Q 2023).공시 • Oct 12+ 1 more updateVario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expects revenue of JPY 2,685 million, operating profit of JPY 456 million, profit of JPY 308 million and basic earnings per share of JPY 68.30.Buying Opportunity • Oct 04Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be JP¥921, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 38%.공시 • Aug 25Vario Secure Inc. to Report Q2, 2024 Results on Oct 10, 2023Vario Secure Inc. announced that they will report Q2, 2024 results on Oct 10, 2023New Risk • Jul 14New major risk - Revenue and earnings growthEarnings have declined by 5.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.5% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (14% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (JP¥3.96b market cap, or US$28.6m).Reported Earnings • Jul 14First quarter 2024 earnings released: EPS: JP¥21.77 (vs JP¥33.29 in 1Q 2023)First quarter 2024 results: EPS: JP¥21.77 (down from JP¥33.29 in 1Q 2023). Revenue: JP¥643.8m (down 3.9% from 1Q 2023). Net income: JP¥98.3m (down 22% from 1Q 2023). Profit margin: 15% (down from 19% in 1Q 2023).공시 • Jul 13+ 1 more updateVario Secure Inc. Provides Non-consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Vario Secure Inc. provided Non-consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expects net sales of JPY 2,685 million, operating profit of JPY 456 million, profit of JPY 308 million and basic earnings per share of JPY 68.30.공시 • May 28Vario Secure Inc. to Report Q1, 2024 Results on Jul 11, 2023Vario Secure Inc. announced that they will report Q1, 2024 results on Jul 11, 2023Reported Earnings • Apr 15Full year 2023 earnings released: EPS: JP¥93.41 (vs JP¥132 in FY 2022)Full year 2023 results: EPS: JP¥93.41 (down from JP¥132 in FY 2022). Revenue: JP¥2.63b (up 2.6% from FY 2022). Net income: JP¥383.3m (down 23% from FY 2022). Profit margin: 15% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Apr 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥923, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 20% over the past year.Upcoming Dividend • Feb 20Upcoming dividend of JP¥40.50 per share at 3.6% yieldEligible shareholders must have bought the stock before 27 February 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).공시 • Feb 18Vario Secure Inc. to Report Fiscal Year 2023 Results on Apr 12, 2023Vario Secure Inc. announced that they will report fiscal year 2023 results on Apr 12, 2023Reported Earnings • Jan 13Third quarter 2023 earnings released: EPS: JP¥29.09 (vs JP¥32.82 in 3Q 2022)Third quarter 2023 results: EPS: JP¥29.09. Revenue: JP¥647.6m (up 1.2% from 3Q 2022). Net income: JP¥125.3m (flat on 3Q 2022). Profit margin: 19% (in line with 3Q 2022).공시 • Jan 12+ 1 more updateVario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2023Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 28, 2023. For the year, the company expects revenue of JPY 2,650 million, operating profit of JPY 785 million, profit of JPY 525 million and basic earnings per share of JPY 128.01.공시 • Nov 20Vario Secure Inc. to Report Q3, 2023 Results on Jan 10, 2023Vario Secure Inc. announced that they will report Q3, 2023 results on Jan 10, 2023Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.Reported Earnings • Oct 13Second quarter 2023 earnings released: EPS: JP¥31.27 (vs JP¥30.49 in 2Q 2022)Second quarter 2023 results: EPS: JP¥31.27 (up from JP¥30.49 in 2Q 2022). Revenue: JP¥667.1m (up 4.9% from 2Q 2022). Net income: JP¥118.9m (up 3.1% from 2Q 2022). Profit margin: 18% (in line with 2Q 2022).공시 • Oct 12+ 1 more updateVario Secure Inc. Provides Dividend Guidance for the Full Year Ending February 28, 2023Vario Secure Inc. provided dividend guidance for the full year ending February 28, 2023. For the year, the company expects to pay JPY 40.50 against JPY 40.50 a year ago.공시 • Sep 28Vario Secure Inc. announced that it has received ¥836.38 million in funding from HEROZ, Inc.On September 27, 2022, Vario Secure Inc. closed the transaction.공시 • Sep 10Vario Secure Inc. announced that it expects to receive ¥836.38 million in funding from HEROZ, Inc.Vario Secure Inc announced that it will issue 710,000 shares at an issue price of ¥1,178 per share for an aggregate gross proceeds of ¥836,380,000 on September 9, 2022. The transaction will iclude participation from HEROZ, Inc.. The transaction is expected to close from September 27, 2022 to September 29, 2022. The company issue shares through third-party allotment. The transaction has been approved by the board of the directors of the company.공시 • Jul 31Vario Secure Inc. to Report Q2, 2023 Results on Oct 07, 2022Vario Secure Inc. announced that they will report Q2, 2023 results on Oct 07, 2022Reported Earnings • Jul 19First quarter 2023 earnings released: EPS: JP¥33.29 (vs JP¥31.37 in 1Q 2022)First quarter 2023 results: EPS: JP¥33.29 (up from JP¥31.37 in 1Q 2022). Revenue: JP¥670.1m (up 3.4% from 1Q 2022). Net income: JP¥126.5m (up 7.0% from 1Q 2022). Profit margin: 19% (in line with 1Q 2022).공시 • Jul 15+ 1 more updateVario Secure Inc. Provides Dividend Guidance for the Full Year Ending February 28, 2023Vario Secure Inc. provided dividend guidance for the full year ending February 28, 2023. For the year, the company expects to pay JPY 40.50 against JPY 40.44 a year ago.Buying Opportunity • Jul 12Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 8.0%. The fair value is estimated to be JP¥1,449, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Buying Opportunity • Jun 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 6.5%. The fair value is estimated to be JP¥1,437, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Buying Opportunity • Jun 07Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,430, however this is not to be taken as a buy recommendation but rather should be used as a guide only.공시 • May 25Vario Secure Inc. to Report Q1, 2023 Results on Jul 11, 2022Vario Secure Inc. announced that they will report Q1, 2023 results on Jul 11, 2022Buying Opportunity • May 19Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.7%. The fair value is estimated to be JP¥1,438, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Buying Opportunity • Apr 30Now 20% undervaluedOver the last 90 days, the stock is up 1.6%. The fair value is estimated to be JP¥1,419, however this is not to be taken as a buy recommendation but rather should be used as a guide only.Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.공시 • Apr 18+ 1 more updateVarioSecure Inc. Declares Dividend for the Year Ended February 28, 2022, Payable on May 26, 2022; Provides Dividend Guidance for the Full Year Ending February 28, 2023VarioSecure Inc. declares dividend of JPY 40.44 against JPY 39.44 a year ago for the year ended February 28, 2022, payable on May 26, 2022.For the full year ending February 28, 2023, the company expects to pay JPY 40.50 against JPY 40.44 declared for the current year.공시 • Apr 15Vario Secure Inc., Annual General Meeting, May 25, 2022Vario Secure Inc., Annual General Meeting, May 25, 2022.Upcoming Dividend • Feb 18Upcoming dividend of JP¥40.44 per shareEligible shareholders must have bought the stock before 25 February 2022. Payment date: 31 May 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%).공시 • Feb 17Vario Secure Inc. to Report Fiscal Year 2021 Results on Apr 13, 2022Vario Secure Inc. announced that they will report fiscal year 2021 results on Apr 13, 2022공시 • Jan 14Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2022Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 28, 2022. For the year, the company expects revenue of JPY 2,649 million, operating profit of JPY 782 million, profit of JPY 507 million and basic earnings per share of JPY 134.79.Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 22% share price gain to JP¥1,642, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 23x in the IT industry in Japan.공시 • Apr 27+ 1 more updateVarioSecure Inc. Declares Dividend for the Year Ended February 28, 2021, Payable on May 31, 2021; Provides Dividend Guidance for the Full Year Ending February 28, 2022VarioSecure Inc. declares dividend of JPY 39.44 against nil for the year ended February 28, 2021, payable on May 31, 2021. For the full year ending February 28, 2022, the company expects to pay JPY 40.44 against JPY 39.44 paid a year ago.공시 • Jan 07VarioSecure Inc. to Report Q3, 2021 Results on Jan 12, 2021VarioSecure Inc. announced that they will report Q3, 2021 results on Jan 12, 2021공시 • Dec 01VarioSecure Inc. has completed an IPO in the amount of ¥5.32125 billion.VarioSecure Inc. has completed an IPO in the amount of ¥5.32125 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 2,365,000 Price\Range: ¥2250 Discount Per Security: ¥157.5 Transaction Features: Sponsor Backed Offering매출 및 비용 세부 내역Vario Secure가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSE:4494 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비31 May 252,700347884028 Feb 252,668342877030 Nov 242,673320899031 Aug 242,689340903031 May 242,670350912029 Feb 242,640348943030 Nov 232,624301899031 Aug 232,603329880031 May 232,608355841028 Feb 232,634383811030 Nov 222,628513822031 Aug 222,620512829031 May 222,589509844028 Feb 222,567500845030 Nov 212,561464843031 Aug 212,566451850031 May 212,565472826028 Feb 212,545492796029 Feb 202,5134987600양질의 수익: 4494는 고품질 수익을 보유하고 있습니다.이익 마진 증가: 4494의 현재 순 이익률 (12.8%)은 지난해 (13.1%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 4494의 수익은 지난 5년 동안 연평균 11.8% 감소했습니다.성장 가속화: 4494은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: 4494은 지난 1년 동안 수익이 감소(-1.1%)하여 IT 업계 평균(14%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: 4494의 자본 수익률(5.8%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YSoftware 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 18:50종가2026/05/21 00:00수익2025/05/31연간 수익2025/02/28데이터 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 소스Vario Secure Inc.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.분석가기관Toshiyuki MizunoueIchiyoshi Research Institute Inc.Toshinori KatsukiNomura Securities Co. Ltd.
공시 • Apr 02Vario Secure Inc. to Report Fiscal Year 2026 Results on Apr 08, 2026Vario Secure Inc. announced that they will report fiscal year 2026 results on Apr 08, 2026
공시 • Nov 01Vario Secure Inc. to Report Q3, 2026 Results on Jan 09, 2026Vario Secure Inc. announced that they will report Q3, 2026 results on Jan 09, 2026
공시 • Aug 01Vario Secure Inc. to Report Q2, 2026 Results on Oct 10, 2025Vario Secure Inc. announced that they will report Q2, 2026 results on Oct 10, 2025
공시 • May 10Vario Secure Inc. to Report Q1, 2026 Results on Jul 11, 2025Vario Secure Inc. announced that they will report Q1, 2026 results on Jul 11, 2025
공시 • Feb 03Vario Secure Inc. to Report Fiscal Year 2025 Results on Apr 10, 2025Vario Secure Inc. announced that they will report fiscal year 2025 results on Apr 10, 2025
공시 • Nov 30Vario Secure Inc. to Report Q3, 2025 Results on Jan 10, 2025Vario Secure Inc. announced that they will report Q3, 2025 results on Jan 10, 2025
Board Change • May 12Less 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. Outside Independent Director Motoi Moriwaki was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공시 • Apr 15HEROZ, Inc. (TSE:4382) executed a share exchange agreement to acquire remaining 57.20% stake in Vario Secure Inc. (TSE:4494) from group of shareholders for ¥2.2 billion.HEROZ, Inc. (TSE:4382) executed a share exchange agreement to acquire remaining 57.20% stake in Vario Secure Inc. (TSE:4494) from group of shareholders for ¥2.2 billion on April 14, 2026. Upon completion, HEROZ, Inc. will own 100% stake in Vario Secure Inc. 0.99 HEROZ Common Shares will be allotted and delivered for each one (1) Variosecure Common Share. However, no allotment of shares through the Share Exchange will be made with respect to the Variosecure Common Shares held by HEROZ. Variosecure Common Shares are expected to be delisted from the Standard Market of the Tokyo Stock Exchange on June 26, 2026, in accordance with the delisting criteria of the Standard Market of the Tokyo Stock Exchange. Establishment of a Special Committee Comprising Members with No Conflicts of Interest and Obtaining of a Written Report at Variosecure. The transaction is subject to approval of merger agreement by target board and approval of offer by acquirer board. The deal has been approved by the board. The expected completion of the transaction is June 30, 2026. Maxus Corporate Advisory acted as fairness opinion provider to Variosecure, Mori Hamada & Matsumoto acted as legal advisor to HEROZ, Anderson Mori & Tomotsune acted as legal advisor to Variosecure,
공시 • Apr 14Vario Secure Inc., Annual General Meeting, May 27, 2026Vario Secure Inc., Annual General Meeting, May 27, 2026.
Buy Or Sell Opportunity • Apr 14Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at JP¥775. The fair value is estimated to be JP¥638, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.
공시 • Apr 02Vario Secure Inc. to Report Fiscal Year 2026 Results on Apr 08, 2026Vario Secure Inc. announced that they will report fiscal year 2026 results on Apr 08, 2026
Buy Or Sell Opportunity • Feb 27Now 20% overvaluedThe stock has been flat over the last 90 days, currently trading at JP¥769. The fair value is estimated to be JP¥640, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.
New Risk • Jan 27New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended May 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported May 2025 fiscal period end). Market cap is less than US$100m (JP¥3.48b market cap, or US$22.6m).
분석 기사 • Jan 09Vario Secure (TSE:4494) Will Be Hoping To Turn Its Returns On Capital AroundIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? When we...
Buy Or Sell Opportunity • Dec 29Now 20% overvaluedOver the last 90 days, the stock has fallen 14% to JP¥743. The fair value is estimated to be JP¥619, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.
Buy Or Sell Opportunity • Dec 08Now 22% overvaluedOver the last 90 days, the stock has fallen 1.9% to JP¥764. The fair value is estimated to be JP¥624, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.
공시 • Nov 01Vario Secure Inc. to Report Q3, 2026 Results on Jan 09, 2026Vario Secure Inc. announced that they will report Q3, 2026 results on Jan 09, 2026
New Risk • Sep 25New 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: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Market cap is less than US$100m (JP¥4.20b market cap, or US$28.2m).
분석 기사 • Sep 18Vario Secure (TSE:4494) Has Some Difficulty Using Its Capital EffectivelyWhen it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in...
공시 • Aug 01Vario Secure Inc. to Report Q2, 2026 Results on Oct 10, 2025Vario Secure Inc. announced that they will report Q2, 2026 results on Oct 10, 2025
Buy Or Sell Opportunity • Jul 31Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 8.3% to JP¥770. The fair value is estimated to be JP¥641, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 23%.
공시 • May 10Vario Secure Inc. to Report Q1, 2026 Results on Jul 11, 2025Vario Secure Inc. announced that they will report Q1, 2026 results on Jul 11, 2025
분석 기사 • May 07Vario Secure Inc. (TSE:4494) Shares Fly 31% But Investors Aren't Buying For GrowthVario Secure Inc. ( TSE:4494 ) shareholders have had their patience rewarded with a 31% share price jump in the last...
공시 • Apr 23Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2026Vario Secure Inc. Provided Non-Consolidated earnings guidance for the fiscal year ending February 28, 2026. For the period, the company expects revenue of JPY 2,972 million, operating profit of JPY 590 million, profit of JPY 399 million and basic earnings per share of JPY 88.45.
공시 • Apr 10Vario Secure Inc., Annual General Meeting, May 27, 2025Vario Secure Inc., Annual General Meeting, May 27, 2025.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥543, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 15x in the IT industry in Japan. Total loss to shareholders of 53% over the past three years.
Buy Or Sell Opportunity • Mar 25Now 25% undervaluedOver the last 90 days, the stock has risen 30% to JP¥701. The fair value is estimated to be JP¥937, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 26%.
Valuation Update With 7 Day Price Move • Mar 24Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥750, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 36% over the past three years.
분석 기사 • Mar 13Vario Secure Inc.'s (TSE:4494) Price Is Right But Growth Is LackingVario Secure Inc.'s ( TSE:4494 ) price-to-earnings (or "P/E") ratio of 9.8x might make it look like a buy right now...
New Risk • Mar 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (JP¥3.14b market cap, or US$21.2m).
공시 • Feb 03Vario Secure Inc. to Report Fiscal Year 2025 Results on Apr 10, 2025Vario Secure Inc. announced that they will report fiscal year 2025 results on Apr 10, 2025
공시 • Nov 30Vario Secure Inc. to Report Q3, 2025 Results on Jan 10, 2025Vario Secure Inc. announced that they will report Q3, 2025 results on Jan 10, 2025
Valuation Update With 7 Day Price Move • Aug 22Investor sentiment improves as stock rises 20%After last week's 20% share price gain to JP¥736, the stock trades at a trailing P/E ratio of 9.5x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 41% over the past three years.
분석 기사 • Aug 21Vario Secure (TSE:4494) Will Be Hoping To Turn Its Returns On Capital AroundIf we're looking to avoid a business that is in decline, what are the trends that can warn us ahead of time? Typically...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥541, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 57% over the past three years.
Buy Or Sell Opportunity • Aug 05Now 27% undervalued after recent price dropOver the last 90 days, the stock has fallen 20% to JP¥541. The fair value is estimated to be JP¥742, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 22%.
공시 • Aug 02Vario Secure Inc. to Report Q2, 2025 Results on Oct 11, 2024Vario Secure Inc. announced that they will report Q2, 2025 results on Oct 11, 2024
Reported Earnings • Jul 18First quarter 2025 earnings released: EPS: JP¥22.34 (vs JP¥21.77 in 1Q 2024)First quarter 2025 results: EPS: JP¥22.34 (up from JP¥21.77 in 1Q 2024). Revenue: JP¥673.5m (up 4.6% from 1Q 2024). Net income: JP¥100.9m (up 2.7% from 1Q 2024). Profit margin: 15% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year and the company’s share price has also fallen by 22% per year.
공시 • Jul 12Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2025Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 28, 2025. For the year, the company expects revenue of JPY 2,753 million, operating profit of JPY 485 million, profit of JPY 336 million and basic earnings per share of JPY 74.47.
공시 • May 29Vario Secure Inc. to Report Q1, 2025 Results on Jul 10, 2024Vario Secure Inc. announced that they will report Q1, 2025 results on Jul 10, 2024
공시 • Apr 12Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expected revenue of JPY 2,753 million, operating profit of JPY 485 million, profit of JPY 336 million and basic earnings per share of JPY 74.47.
공시 • Feb 08Vario Secure Inc. to Report Fiscal Year 2024 Results on Apr 10, 2024Vario Secure Inc. announced that they will report fiscal year 2024 results on Apr 10, 2024
Buying Opportunity • Jan 12Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥839, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 45%.
Buying Opportunity • Dec 13Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 13%. The fair value is estimated to be JP¥857, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 16%.
공시 • Nov 02Vario Secure Inc. to Report Q3, 2024 Results on Jan 11, 2024Vario Secure Inc. announced that they will report Q3, 2024 results on Jan 11, 2024
Buying Opportunity • Oct 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be JP¥921, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 16%.
Reported Earnings • Oct 15Second quarter 2024 earnings released: EPS: JP¥20.44 (vs JP¥31.28 in 2Q 2023)Second quarter 2024 results: EPS: JP¥20.44 (down from JP¥31.28 in 2Q 2023). Revenue: JP¥662.2m (flat on 2Q 2023). Net income: JP¥92.3m (down 22% from 2Q 2023). Profit margin: 14% (down from 18% in 2Q 2023).
공시 • Oct 12+ 1 more updateVario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expects revenue of JPY 2,685 million, operating profit of JPY 456 million, profit of JPY 308 million and basic earnings per share of JPY 68.30.
Buying Opportunity • Oct 04Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 19%. The fair value is estimated to be JP¥921, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 38%.
공시 • Aug 25Vario Secure Inc. to Report Q2, 2024 Results on Oct 10, 2023Vario Secure Inc. announced that they will report Q2, 2024 results on Oct 10, 2023
New Risk • Jul 14New major risk - Revenue and earnings growthEarnings have declined by 5.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.5% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (14% net profit margin). Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (JP¥3.96b market cap, or US$28.6m).
Reported Earnings • Jul 14First quarter 2024 earnings released: EPS: JP¥21.77 (vs JP¥33.29 in 1Q 2023)First quarter 2024 results: EPS: JP¥21.77 (down from JP¥33.29 in 1Q 2023). Revenue: JP¥643.8m (down 3.9% from 1Q 2023). Net income: JP¥98.3m (down 22% from 1Q 2023). Profit margin: 15% (down from 19% in 1Q 2023).
공시 • Jul 13+ 1 more updateVario Secure Inc. Provides Non-consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024Vario Secure Inc. provided Non-consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expects net sales of JPY 2,685 million, operating profit of JPY 456 million, profit of JPY 308 million and basic earnings per share of JPY 68.30.
공시 • May 28Vario Secure Inc. to Report Q1, 2024 Results on Jul 11, 2023Vario Secure Inc. announced that they will report Q1, 2024 results on Jul 11, 2023
Reported Earnings • Apr 15Full year 2023 earnings released: EPS: JP¥93.41 (vs JP¥132 in FY 2022)Full year 2023 results: EPS: JP¥93.41 (down from JP¥132 in FY 2022). Revenue: JP¥2.63b (up 2.6% from FY 2022). Net income: JP¥383.3m (down 23% from FY 2022). Profit margin: 15% (down from 20% in FY 2022). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Apr 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥923, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 20% over the past year.
Upcoming Dividend • Feb 20Upcoming dividend of JP¥40.50 per share at 3.6% yieldEligible shareholders must have bought the stock before 27 February 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%).
공시 • Feb 18Vario Secure Inc. to Report Fiscal Year 2023 Results on Apr 12, 2023Vario Secure Inc. announced that they will report fiscal year 2023 results on Apr 12, 2023
Reported Earnings • Jan 13Third quarter 2023 earnings released: EPS: JP¥29.09 (vs JP¥32.82 in 3Q 2022)Third quarter 2023 results: EPS: JP¥29.09. Revenue: JP¥647.6m (up 1.2% from 3Q 2022). Net income: JP¥125.3m (flat on 3Q 2022). Profit margin: 19% (in line with 3Q 2022).
공시 • Jan 12+ 1 more updateVario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2023Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 28, 2023. For the year, the company expects revenue of JPY 2,650 million, operating profit of JPY 785 million, profit of JPY 525 million and basic earnings per share of JPY 128.01.
공시 • Nov 20Vario Secure Inc. to Report Q3, 2023 Results on Jan 10, 2023Vario Secure Inc. announced that they will report Q3, 2023 results on Jan 10, 2023
Board Change • Nov 16No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
Reported Earnings • Oct 13Second quarter 2023 earnings released: EPS: JP¥31.27 (vs JP¥30.49 in 2Q 2022)Second quarter 2023 results: EPS: JP¥31.27 (up from JP¥30.49 in 2Q 2022). Revenue: JP¥667.1m (up 4.9% from 2Q 2022). Net income: JP¥118.9m (up 3.1% from 2Q 2022). Profit margin: 18% (in line with 2Q 2022).
공시 • Oct 12+ 1 more updateVario Secure Inc. Provides Dividend Guidance for the Full Year Ending February 28, 2023Vario Secure Inc. provided dividend guidance for the full year ending February 28, 2023. For the year, the company expects to pay JPY 40.50 against JPY 40.50 a year ago.
공시 • Sep 28Vario Secure Inc. announced that it has received ¥836.38 million in funding from HEROZ, Inc.On September 27, 2022, Vario Secure Inc. closed the transaction.
공시 • Sep 10Vario Secure Inc. announced that it expects to receive ¥836.38 million in funding from HEROZ, Inc.Vario Secure Inc announced that it will issue 710,000 shares at an issue price of ¥1,178 per share for an aggregate gross proceeds of ¥836,380,000 on September 9, 2022. The transaction will iclude participation from HEROZ, Inc.. The transaction is expected to close from September 27, 2022 to September 29, 2022. The company issue shares through third-party allotment. The transaction has been approved by the board of the directors of the company.
공시 • Jul 31Vario Secure Inc. to Report Q2, 2023 Results on Oct 07, 2022Vario Secure Inc. announced that they will report Q2, 2023 results on Oct 07, 2022
Reported Earnings • Jul 19First quarter 2023 earnings released: EPS: JP¥33.29 (vs JP¥31.37 in 1Q 2022)First quarter 2023 results: EPS: JP¥33.29 (up from JP¥31.37 in 1Q 2022). Revenue: JP¥670.1m (up 3.4% from 1Q 2022). Net income: JP¥126.5m (up 7.0% from 1Q 2022). Profit margin: 19% (in line with 1Q 2022).
공시 • Jul 15+ 1 more updateVario Secure Inc. Provides Dividend Guidance for the Full Year Ending February 28, 2023Vario Secure Inc. provided dividend guidance for the full year ending February 28, 2023. For the year, the company expects to pay JPY 40.50 against JPY 40.44 a year ago.
Buying Opportunity • Jul 12Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 8.0%. The fair value is estimated to be JP¥1,449, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Buying Opportunity • Jun 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 6.5%. The fair value is estimated to be JP¥1,437, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Buying Opportunity • Jun 07Now 20% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,430, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
공시 • May 25Vario Secure Inc. to Report Q1, 2023 Results on Jul 11, 2022Vario Secure Inc. announced that they will report Q1, 2023 results on Jul 11, 2022
Buying Opportunity • May 19Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.7%. The fair value is estimated to be JP¥1,438, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Buying Opportunity • Apr 30Now 20% undervaluedOver the last 90 days, the stock is up 1.6%. The fair value is estimated to be JP¥1,419, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
Board Change • Apr 27No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
공시 • Apr 18+ 1 more updateVarioSecure Inc. Declares Dividend for the Year Ended February 28, 2022, Payable on May 26, 2022; Provides Dividend Guidance for the Full Year Ending February 28, 2023VarioSecure Inc. declares dividend of JPY 40.44 against JPY 39.44 a year ago for the year ended February 28, 2022, payable on May 26, 2022.For the full year ending February 28, 2023, the company expects to pay JPY 40.50 against JPY 40.44 declared for the current year.
공시 • Apr 15Vario Secure Inc., Annual General Meeting, May 25, 2022Vario Secure Inc., Annual General Meeting, May 25, 2022.
Upcoming Dividend • Feb 18Upcoming dividend of JP¥40.44 per shareEligible shareholders must have bought the stock before 25 February 2022. Payment date: 31 May 2022. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%).
공시 • Feb 17Vario Secure Inc. to Report Fiscal Year 2021 Results on Apr 13, 2022Vario Secure Inc. announced that they will report fiscal year 2021 results on Apr 13, 2022
공시 • Jan 14Vario Secure Inc. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2022Vario Secure Inc. provided non-consolidated earnings guidance for the fiscal year ending February 28, 2022. For the year, the company expects revenue of JPY 2,649 million, operating profit of JPY 782 million, profit of JPY 507 million and basic earnings per share of JPY 134.79.
Valuation Update With 7 Day Price Move • Sep 13Investor sentiment improved over the past weekAfter last week's 22% share price gain to JP¥1,642, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 23x in the IT industry in Japan.
공시 • Apr 27+ 1 more updateVarioSecure Inc. Declares Dividend for the Year Ended February 28, 2021, Payable on May 31, 2021; Provides Dividend Guidance for the Full Year Ending February 28, 2022VarioSecure Inc. declares dividend of JPY 39.44 against nil for the year ended February 28, 2021, payable on May 31, 2021. For the full year ending February 28, 2022, the company expects to pay JPY 40.44 against JPY 39.44 paid a year ago.
공시 • Jan 07VarioSecure Inc. to Report Q3, 2021 Results on Jan 12, 2021VarioSecure Inc. announced that they will report Q3, 2021 results on Jan 12, 2021
공시 • Dec 01VarioSecure Inc. has completed an IPO in the amount of ¥5.32125 billion.VarioSecure Inc. has completed an IPO in the amount of ¥5.32125 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 2,365,000 Price\Range: ¥2250 Discount Per Security: ¥157.5 Transaction Features: Sponsor Backed Offering