Reported Earnings • May 08
Full year 2026 earnings released: EPS: JP¥143 (vs JP¥98.42 in FY 2025) Full year 2026 results: EPS: JP¥143 (up from JP¥98.42 in FY 2025). Revenue: JP¥19.4b (up 15% from FY 2025). Net income: JP¥675.0m (up 32% from FY 2025). Profit margin: 3.5% (up from 3.0% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. 공시 • May 08
SHINKO Inc. to Report Fiscal Year 2026 Results on May 07, 2026 SHINKO Inc. announced that they will report fiscal year 2026 results on May 07, 2026 공시 • May 07
SHINKO Inc., Annual General Meeting, Jun 19, 2026 SHINKO Inc., Annual General Meeting, Jun 19, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.8%). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥18.77 (vs JP¥17.48 in 3Q 2025) Third quarter 2026 results: EPS: JP¥18.77 (up from JP¥17.48 in 3Q 2025). Revenue: JP¥4.64b (up 7.9% from 3Q 2025). Net income: JP¥206.0m (up 132% from 3Q 2025). Profit margin: 4.4% (up from 2.1% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the IT industry in Japan. Buy Or Sell Opportunity • Jan 07
Now 21% undervalued Over the last 90 days, the stock has risen 8.0% to JP¥918. The fair value is estimated to be JP¥1,160, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last year. Earnings per share has grown by 117%. Revenue is forecast to grow by 8.7% in a year. Earnings are forecast to grow by 22% in the next year. Buy Or Sell Opportunity • Dec 22
Now 20% undervalued Over the last 90 days, the stock has risen 14% to JP¥925. The fair value is estimated to be JP¥1,159, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.6% over the last year. Earnings per share has grown by 117%. Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: JP¥138 (vs JP¥55.07 in 2Q 2025) Second quarter 2026 results: EPS: JP¥138 (up from JP¥55.07 in 2Q 2025). Revenue: JP¥4.49b (up 14% from 2Q 2025). Net income: JP¥180.0m (up 78% from 2Q 2025). Profit margin: 4.0% (up from 2.6% in 2Q 2025). The increase in margin was driven by higher revenue. Reported Earnings • Aug 11
First quarter 2026 earnings released: JP¥43.08 loss per share (vs JP¥7.09 profit in 1Q 2025) First quarter 2026 results: JP¥43.08 loss per share (down from JP¥7.09 profit in 1Q 2025). Revenue: JP¥3.48b (down 5.1% from 1Q 2025). Net loss: JP¥79.0m (down JP¥92.0m from profit in 1Q 2025). Reported Earnings • Jun 24
Full year 2025 earnings released: EPS: JP¥295 (vs JP¥225 in FY 2024) Full year 2025 results: EPS: JP¥295 (up from JP¥225 in FY 2024). Revenue: JP¥16.9b (up 4.7% from FY 2024). Net income: JP¥512.0m (up 25% from FY 2024). Profit margin: 3.0% (up from 2.5% in FY 2024). The increase in margin was driven by higher revenue. Reported Earnings • May 18
Full year 2025 earnings released: EPS: JP¥295 (vs JP¥225 in FY 2024) Full year 2025 results: EPS: JP¥295 (up from JP¥225 in FY 2024). Revenue: JP¥16.9b (up 4.7% from FY 2024). Net income: JP¥512.0m (up 25% from FY 2024). Profit margin: 3.0% (up from 2.5% in FY 2024). The increase in margin was driven by higher revenue. 공시 • May 14
SHINKO Inc., Annual General Meeting, Jun 20, 2025 SHINKO Inc., Annual General Meeting, Jun 20, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥85.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%). 공시 • Mar 04
SHINKO Inc. to Report Fiscal Year 2025 Results on May 14, 2025 SHINKO Inc. announced that they will report fiscal year 2025 results on May 14, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥52.43 (vs JP¥44.17 in 3Q 2024) Third quarter 2025 results: EPS: JP¥52.43 (up from JP¥44.17 in 3Q 2024). Revenue: JP¥4.30b (up 16% from 3Q 2024). Net income: JP¥89.0m (up 9.9% from 3Q 2024). Profit margin: 2.1% (in line with 3Q 2024). New Risk • Nov 26
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 79% 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 (79% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥3.71b market cap, or US$24.1m). 공시 • Nov 16
SHINKO Inc. (TSE:7120) announces an Equity Buyback for 266,000 shares, for ¥529.87 million. SHINKO Inc. (TSE:7120) announces a share repurchase program. Under the program, the company will repurchase up to 266,000 shares, for ¥529.872 million. The shares will be repurchased at a price ¥1,992 per share. The purpose of the program is to mitigate market impact from a major shareholder’s potential sale and to enhance shareholder value. The company has received notice from PHC Corporation regarding the intention to sell shares. The program will expire on November 15, 2024. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,820, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 23% over the past year. 공시 • May 15
SHINKO Inc., Annual General Meeting, Jun 25, 2024 SHINKO Inc., Annual General Meeting, Jun 25, 2024. 공시 • Apr 06
SHINKO Inc. to Report Fiscal Year 2024 Results on May 13, 2024 SHINKO Inc. announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Inaugural dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. This is the first dividend for SHINKO since going public. The average dividend yield among industry peers is 1.4%. 공시 • Jun 24
SHINKO Inc. to Report Q1, 2024 Results on Aug 10, 2023 SHINKO Inc. announced that they will report Q1, 2024 results on Aug 10, 2023 공시 • May 14
SHINKO Inc., Annual General Meeting, Jun 27, 2023 SHINKO Inc., Annual General Meeting, Jun 27, 2023. Board Change • Mar 22
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Executive Officer, Head of Solution Management Unit & Director Hideki Sato was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.