Reported Earnings • Oct 03
Full year 2024 earnings released: EPS: JP¥13.00 (vs JP¥6.16 in FY 2023) Full year 2024 results: EPS: JP¥13.00 (up from JP¥6.16 in FY 2023). Revenue: JP¥941.3m (up 8.2% from FY 2023). Net income: JP¥126.7m (up 111% from FY 2023). Profit margin: 14% (up from 6.9% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 14
Full year 2024 earnings released: EPS: JP¥13.00 (vs JP¥6.16 in FY 2023) Full year 2024 results: EPS: JP¥13.00 (up from JP¥6.16 in FY 2023). Revenue: JP¥941.3m (up 8.2% from FY 2023). Net income: JP¥126.7m (up 111% from FY 2023). Profit margin: 14% (up from 6.9% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. 공시 • Aug 09
MEDIASEEK,inc., Annual General Meeting, Sep 26, 2024 MEDIASEEK,inc., Annual General Meeting, Sep 26, 2024. New Risk • Aug 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.1% 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 (8.1% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (JP¥2.25b market cap, or US$15.8m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to JP¥231, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 59% over the past three years. 공시 • Jul 25
MEDIASEEK,inc. to Report Fiscal Year 2024 Results on Aug 09, 2024 MEDIASEEK,inc. announced that they will report fiscal year 2024 results on Aug 09, 2024 Upcoming Dividend • Jun 20
Upcoming dividend of JP¥1.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 28 October 2024. Payout ratio is a comfortable 6.7% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.6%). New Risk • Jun 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 138% 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 Large one-off items impacting financial results. Market cap is less than US$100m (JP¥3.31b market cap, or US$21.1m). Reported Earnings • Jun 17
Third quarter 2024 earnings released: EPS: JP¥8.52 (vs JP¥1.13 in 3Q 2023) Third quarter 2024 results: EPS: JP¥8.52 (up from JP¥1.13 in 3Q 2023). Revenue: JP¥233.0m (up 7.4% from 3Q 2023). Net income: JP¥83.0m (up JP¥72.0m from 3Q 2023). Profit margin: 36% (up from 5.1% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. 공시 • May 31
MEDIASEEK,inc. to Report Q3, 2024 Results on Jun 12, 2024 MEDIASEEK,inc. announced that they will report Q3, 2024 results on Jun 12, 2024 Reported Earnings • Mar 12
Second quarter 2024 earnings released: EPS: JP¥1.33 (vs JP¥1.23 in 2Q 2023) Second quarter 2024 results: EPS: JP¥1.33 (up from JP¥1.23 in 2Q 2023). Revenue: JP¥239.0m (up 9.1% from 2Q 2023). Net income: JP¥13.0m (up 8.3% from 2Q 2023). Profit margin: 5.4% (down from 5.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. 공시 • Feb 23
MEDIASEEK,inc. to Report Q2, 2024 Results on Mar 11, 2024 MEDIASEEK,inc. announced that they will report Q2, 2024 results on Mar 11, 2024 Reported Earnings • Dec 14
First quarter 2024 earnings released: EPS: JP¥2.77 (vs JP¥1.44 in 1Q 2023) First quarter 2024 results: EPS: JP¥2.77 (up from JP¥1.44 in 1Q 2023). Revenue: JP¥240.0m (up 19% from 1Q 2023). Net income: JP¥27.0m (up 93% from 1Q 2023). Profit margin: 11% (up from 6.9% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. 공시 • Nov 30
MEDIASEEK,inc. to Report Q1, 2024 Results on Dec 11, 2023 MEDIASEEK,inc. announced that they will report Q1, 2024 results on Dec 11, 2023 공시 • Sep 13
MEDIASEEK,inc., Annual General Meeting, Oct 25, 2023 MEDIASEEK,inc., Annual General Meeting, Oct 25, 2023. Reported Earnings • Sep 13
Full year 2023 earnings released: EPS: JP¥6.16 (vs JP¥5.65 in FY 2022) Full year 2023 results: EPS: JP¥6.16 (up from JP¥5.65 in FY 2022). Revenue: JP¥870.0m (down 1.9% from FY 2022). Net income: JP¥60.0m (up 9.1% from FY 2022). Profit margin: 6.9% (up from 6.2% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 17% per year. 공시 • Aug 16
MEDIASEEK,inc. to Report Fiscal Year 2023 Results on Sep 11, 2023 MEDIASEEK,inc. announced that they will report fiscal year 2023 results on Sep 11, 2023 Upcoming Dividend • Jul 21
Upcoming dividend of JP¥1.00 per share at 0.3% yield Eligible shareholders must have bought the stock before 28 July 2023. Payment date: 21 October 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.6%). Reported Earnings • Jun 12
Third quarter 2023 earnings released: EPS: JP¥1.13 (vs JP¥2.05 in 3Q 2022) Third quarter 2023 results: EPS: JP¥1.13 (down from JP¥2.05 in 3Q 2022). Revenue: JP¥217.0m (down 14% from 3Q 2022). Net income: JP¥11.0m (down 45% from 3Q 2022). Profit margin: 5.1% (down from 7.9% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. 공시 • May 27
MEDIASEEK,inc. to Report Q3, 2023 Results on Jun 09, 2023 MEDIASEEK,inc. announced that they will report Q3, 2023 results on Jun 09, 2023 Reported Earnings • Mar 11
Second quarter 2023 earnings released: EPS: JP¥1.23 (vs JP¥3.28 in 2Q 2022) Second quarter 2023 results: EPS: JP¥1.23 (down from JP¥3.28 in 2Q 2022). Revenue: JP¥219.0m (up 3.3% from 2Q 2022). Net income: JP¥12.0m (down 63% from 2Q 2022). Profit margin: 5.5% (down from 15% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 09
First quarter 2023 earnings released: EPS: JP¥1.44 (vs JP¥4.21 in 1Q 2022) First quarter 2023 results: EPS: JP¥1.44 (down from JP¥4.21 in 1Q 2022). Revenue: JP¥202.0m (down 15% from 1Q 2022). Net income: JP¥14.0m (down 66% from 1Q 2022). Profit margin: 6.9% (down from 17% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Outside Director Tomohiko Shimizu was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 12
Full year 2022 earnings released: EPS: JP¥5.65 (vs JP¥48.85 in FY 2021) Full year 2022 results: EPS: JP¥5.65 (down from JP¥48.85 in FY 2021). Revenue: JP¥887.0m (down 50% from FY 2021). Net income: JP¥55.0m (down 88% from FY 2021). Profit margin: 6.2% (down from 27% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improved over the past week After last week's 23% share price gain to JP¥410, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 39% over the past three years. Upcoming Dividend • Jul 21
Upcoming dividend of JP¥1.00 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 25 October 2022. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%). Reported Earnings • Jun 08
Third quarter 2022 earnings released: EPS: JP¥2.05 (vs JP¥4.31 in 3Q 2021) Third quarter 2022 results: EPS: JP¥2.05 (down from JP¥4.31 in 3Q 2021). Revenue: JP¥252.0m (up 12% from 3Q 2021). Net income: JP¥20.0m (down 52% from 3Q 2021). Profit margin: 7.9% (down from 19% in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Outside Director Tomohiko Shimizu was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 13
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: JP¥3.28 (down from JP¥4.72 in 2Q 2021). Revenue: JP¥212.0m (down 69% from 2Q 2021). Net income: JP¥32.0m (down 30% from 2Q 2021). Profit margin: 15% (up from 6.8% in 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 08
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: JP¥4.21 (up from JP¥3.28 in 1Q 2021). Revenue: JP¥237.0m (down 63% from 1Q 2021). Net income: JP¥41.0m (up 28% from 1Q 2021). Profit margin: 17% (up from 5.1% in 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 16
Full year 2021 earnings released: EPS JP¥48.85 (vs JP¥3.59 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥1.78b (down 23% from FY 2020). Net income: JP¥476.0m (up JP¥441.0m from FY 2020). Profit margin: 27% (up from 1.5% in FY 2020). Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 08
Third quarter 2021 earnings released: EPS JP¥4.31 (vs JP¥4.11 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥226.0m (down 62% from 3Q 2020). Net income: JP¥42.0m (up 5.0% from 3Q 2020). Profit margin: 19% (up from 6.7% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 10
Second quarter 2021 earnings released: EPS JP¥4.72 (vs JP¥0.10 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥673.0m (up 16% from 2Q 2020). Net income: JP¥46.0m (up JP¥47.0m from 2Q 2020). Profit margin: 6.8% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 22
New 90-day high: JP¥739 The company is up 23% from its price of JP¥601 on 24 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 8.0% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: JP¥731 The company is up 11% from its price of JP¥661 on 16 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 2.0% over the same period. Reported Earnings • Dec 17
First quarter 2021 earnings released: EPS JP¥3.28 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥632.0m (up 22% from 1Q 2020). Net income: JP¥32.0m (up 256% from 1Q 2020). Profit margin: 5.1% (up from 1.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Dec 09
First quarter 2021 earnings released: EPS JP¥3.28 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥632.0m (up 22% from 1Q 2020). Net income: JP¥32.0m (up 256% from 1Q 2020). Profit margin: 5.1% (up from 1.7% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. 공시 • Sep 13
MEDIASEEK,inc. to Report Fiscal Year 2020 Results on Sep 14, 2020 MEDIASEEK,inc. announced that they will report fiscal year 2020 results on Sep 14, 2020