f-code (9211) 주식 개요는 일본에서 디지털 고객 확보 및 개발 지원 서비스를 제공합니다. 자세히 보기9211 펀더멘털 분석스노우플레이크 점수가치 평가3/6미래 성장5/6과거 실적1/6재무 건전성2/6배당0/6강점주가수익률(12.3x)이 JP 시장(14.3x)보다 낮습니다.수익은 매년 24% 증가할 것으로 예상됩니다.지난 1년간 수익이 60.2% 증가했습니다.동종업계 및 업계 대비 좋은 가치로 거래위험 분석부채는 operating cash flow로 충분히 감당되지 않습니다.이익 마진 (12.1%)이 지난해 (17.6%)보다 낮습니다.지난 3개월 동안 주가 변동성이 JP 시장과 비교해 높았습니다.재무 결과에 영향을 미치는 대규모 일회성 항목모든 위험 점검 보기9211 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥1.46k17.8% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-41m22b2016201920222025202620282031Revenue JP¥22.0bEarnings JP¥2.7bAdvancedSet Fair ValueView all narrativesf-code Inc. 경쟁사Ryomo SystemsLtdSymbol: TSE:9691Market cap: JP¥18.2bpluszeroSymbol: TSE:5132Market cap: JP¥16.5bAGSSymbol: TSE:3648Market cap: JP¥17.7bJapan Process DevelopmentSymbol: TSE:9651Market cap: JP¥17.9b가격 이력 및 성과f-code 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가JP¥1,455.0052주 최고가JP¥2,985.0052주 최저가JP¥1,330.00베타1.441개월 변동-8.83%3개월 변동-0.41%1년 변동-30.12%3년 변동62.84%5년 변동n/aIPO 이후 변동25.16%최근 뉴스 및 업데이트Buy Or Sell Opportunity • May 05Now 21% overvaluedOver the last 90 days, the stock has fallen 7.0% to JP¥1,491. The fair value is estimated to be JP¥1,233, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 133% over the last year. Earnings per share has grown by 52%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.분석 기사 • Apr 06We Like f-code's (TSE:9211) Earnings For More Than Just Statutory Profitf-code Inc.'s ( TSE:9211 ) solid earnings announcement recently didn't do much to the stock price. We did some analysis...New Risk • Apr 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 53% 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: Major Risk Debt is not well covered by operating cash flow (9.2% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin).Reported Earnings • Apr 04Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥118 (up from JP¥77.88 in FY 2024). Revenue: JP¥11.9b (up 133% from FY 2024). Net income: JP¥1.45b (up 60% from FY 2024). Profit margin: 12% (down from 18% in FY 2024). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the IT industry in Japan.Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥1,629, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the IT industry in Japan. Total returns to shareholders of 64% over the past three years.분석 기사 • Feb 17Do f-code's (TSE:9211) Earnings Warrant Your Attention?Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...더 많은 업데이트 보기Recent updatesBuy Or Sell Opportunity • May 05Now 21% overvaluedOver the last 90 days, the stock has fallen 7.0% to JP¥1,491. The fair value is estimated to be JP¥1,233, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 133% over the last year. Earnings per share has grown by 52%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.분석 기사 • Apr 06We Like f-code's (TSE:9211) Earnings For More Than Just Statutory Profitf-code Inc.'s ( TSE:9211 ) solid earnings announcement recently didn't do much to the stock price. We did some analysis...New Risk • Apr 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 53% 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: Major Risk Debt is not well covered by operating cash flow (9.2% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin).Reported Earnings • Apr 04Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥118 (up from JP¥77.88 in FY 2024). Revenue: JP¥11.9b (up 133% from FY 2024). Net income: JP¥1.45b (up 60% from FY 2024). Profit margin: 12% (down from 18% in FY 2024). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the IT industry in Japan.Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥1,629, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the IT industry in Japan. Total returns to shareholders of 64% over the past three years.분석 기사 • Feb 17Do f-code's (TSE:9211) Earnings Warrant Your Attention?Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...공시 • Feb 16f-code Inc., Annual General Meeting, Mar 27, 2026f-code Inc., Annual General Meeting, Mar 27, 2026.Reported Earnings • Feb 16Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥119 (up from JP¥77.88 in FY 2024). Revenue: JP¥11.9b (up 133% from FY 2024). Net income: JP¥1.45b (up 60% from FY 2024). Profit margin: 12% (down from 18% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan.공시 • Feb 11f-code Inc. (TSE:9211) agreed to acquire 75% stake in AI ONE Co., Ltd from Kazumasa Moriya for ¥1.2 billion.f-code Inc. (TSE:9211) agreed to acquire 75% stake in AI ONE Co., Ltd from Kazumasa Moriya for ¥1.2 billion on February 10, 2026. A cash consideration of ¥1.2 billion will be paid by f-code Inc. As part of consideration, ¥1.2 billion is paid towards common equity of AI ONE Co., Ltd. The expected completion of the transaction is February 24, 2026.공시 • Dec 03f-code Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026f-code Inc. announced that they will report fiscal year 2025 results on Feb 13, 2026분석 기사 • Nov 18Is f-code (TSE:9211) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: JP¥31.87 (vs JP¥18.25 in 3Q 2024)Third quarter 2025 results: EPS: JP¥31.87 (up from JP¥18.25 in 3Q 2024). Revenue: JP¥3.19b (up 207% from 3Q 2024). Net income: JP¥389.0m (up 76% from 3Q 2024). Profit margin: 12% (down from 21% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan.New Risk • Nov 17New 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 8.4% 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 Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.4% average weekly change).Valuation Update With 7 Day Price Move • Nov 17Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,642, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 34% over the past three years.Board Change • Nov 05Less 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 Genta Imamura 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.분석 기사 • Sep 14Here's Why We Think f-code (TSE:9211) Is Well Worth WatchingThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Valuation Update With 7 Day Price Move • Sep 03Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥2,120, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 136% over the past three years.공시 • Sep 02f-code Inc. to Report Q3, 2025 Results on Nov 14, 2025f-code Inc. announced that they will report Q3, 2025 results on Nov 14, 2025분석 기사 • Aug 24We Like f-code's (TSE:9211) Earnings For More Than Just Statutory Profitf-code Inc. ( TSE:9211 ) announced a healthy earnings result recently, and the market rewarded it with a strong uplift...Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: JP¥26.28 (vs JP¥15.16 in 2Q 2024)Second quarter 2025 results: EPS: JP¥26.28 (up from JP¥15.16 in 2Q 2024). Revenue: JP¥2.80b (up 179% from 2Q 2024). Net income: JP¥321.4m (up 83% from 2Q 2024). Profit margin: 12% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan.공시 • Jun 25f-code Inc. to Report Q2, 2025 Results on Aug 14, 2025f-code Inc. announced that they will report Q2, 2025 results on Aug 14, 2025New Risk • May 20New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change).Reported Earnings • May 20First quarter 2025 earnings released: EPS: JP¥26.31 (vs JP¥18.53 in 1Q 2024)First quarter 2025 results: EPS: JP¥26.31 (up from JP¥18.53 in 1Q 2024). Revenue: JP¥2.42b (up 133% from 1Q 2024). Net income: JP¥324.0m (up 65% from 1Q 2024). Profit margin: 13% (down from 19% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT industry in Japan.Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥2,185, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 198% over the past three years.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to JP¥1,345, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the IT industry in Japan. Total returns to shareholders of 50% over the past three years.Reported Earnings • Apr 05Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥77.88 (up from JP¥46.89 in FY 2023). Revenue: JP¥5.13b (up 107% from FY 2023). Net income: JP¥905.0m (up 87% from FY 2023). Profit margin: 18% (down from 20% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT industry in Japan.공시 • Apr 02f-code Inc. (TSE:9211) announces an Equity Buyback for 160,000 shares, representing 1.3% for ¥400 million.f-code Inc. (TSE:9211) announces a share repurchase program. Under the program, the company will repurchase up to 160,000 shares, representing 1.3% of its issued share capital, for ¥400 million. The program will be valid till May 30, 2025. As of April 1, 2025, the company has 12,330,437 issued shares (excluding treasury stock) and 40,563 treasury shares.Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥1,780, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 84% over the past three years.공시 • Mar 13f-code Inc. (TSE:9211) announces an Equity Buyback for 40,000 shares, representing 0.33% for ¥100 million.f-code Inc. (TSE:9211) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 0.33% of its issued share capital, for ¥100 million. The purpose of the program is to to enhance shareholder returns. The program will be valid till April 30, 2025. As of December 31, 2024, the company has 12,260,085 issued shares (excluding treasury stock) and 515 treasury shares.공시 • Mar 05f-code Inc. to Report Q1, 2025 Results on May 15, 2025f-code Inc. announced that they will report Q1, 2025 results on May 15, 2025분석 기사 • Feb 21f-code's (TSE:9211) Shareholders May Want To Dig Deeper Than Statutory Profitf-code Inc. ( TSE:9211 ) just released a solid earnings report, and the stock displayed some strength. While the profit...공시 • Feb 21f-Code Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2025f-code Inc. provided consolidated earnings guidance for the fiscal year ending December 31, 2025. For the full year, the company expects sales revenue of JPY 10,000 million, Operating income of JPY 2,200 million, net income of JPY 1,319 million, Profit attributable to owners of the parent of JPY 1,285 million and Basic earnings per share of JPY 104.84.Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥1,658, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 156% over the past three years.공시 • Feb 17f-code Inc., Annual General Meeting, Mar 26, 2025f-code Inc., Annual General Meeting, Mar 26, 2025.Reported Earnings • Feb 16Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥77.88 (up from JP¥46.89 in FY 2023). Revenue: JP¥5.13b (up 107% from FY 2023). Net income: JP¥905.0m (up 87% from FY 2023). Profit margin: 18% (down from 20% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan.Buy Or Sell Opportunity • Feb 12Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 25% to JP¥1,372. The fair value is estimated to be JP¥1,141, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 69% over the last year. Earnings per share has grown by 63%. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings are also forecast to grow by 21% per annum over the same time period.New Risk • Feb 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding).공시 • Dec 04f-code Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025f-code Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025Valuation Update With 7 Day Price Move • Nov 21Investor sentiment improves as stock rises 26%After last week's 26% share price gain to JP¥1,383, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the IT industry in Japan. Total returns to shareholders of 52% over the past year.분석 기사 • Nov 19Is It Time To Consider Buying f-code Inc. (TSE:9211)?While f-code Inc. ( TSE:9211 ) might not have the largest market cap around , it received a lot of attention from a...공시 • Nov 06f-code Inc. (TSE:9211) completed the acquisition of 50.10% stake in SpinFlow Inc from Tetsuya Hirashima ¥170 million.f-code Inc. (TSE:9211) agreed to acquire 50.10% stake in SpinFlow Inc from Tetsuya Hirashima for approximately ¥170 million on November 5, 2024. f-code acquiring 5,010 shares in SpinFlow. SpinFlow has Total assets of ¥185 million and Net asset of ¥100 million as for April to September, 2024. Date of conclusion of the agreement and Date of commencement of share transfer will be November 5, 2024. f-code Inc. (TSE:9211) completed the acquisition of 50.10% stake in SpinFlow Inc from Tetsuya Hirashima on November 5, 2024.Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥1,281, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 57% over the past year.분석 기사 • Sep 19A Look At The Fair Value Of f-code Inc. (TSE:9211)Key Insights The projected fair value for f-code is JP¥1,228 based on 2 Stage Free Cash Flow to Equity Current share...공시 • Sep 03f-code Inc. to Report Q3, 2024 Results on Nov 14, 2024f-code Inc. announced that they will report Q3, 2024 results on Nov 14, 2024Valuation Update With 7 Day Price Move • Sep 03Investor sentiment improves as stock rises 25%After last week's 25% share price gain to JP¥1,230, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 46% over the past year.Reported Earnings • Aug 19Second quarter 2024 earnings released: EPS: JP¥10.41 (vs JP¥18.89 in 2Q 2023)Second quarter 2024 results: EPS: JP¥10.41 (down from JP¥18.89 in 2Q 2023). Revenue: JP¥1.00b (up 11% from 2Q 2023). Net income: JP¥176.0m (down 12% from 2Q 2023). Profit margin: 18% (down from 22% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the IT industry in Japan.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,035, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the IT industry in Japan. Total returns to shareholders of 7.8% over the past year.Buy Or Sell Opportunity • Jul 30Now 22% overvaluedOver the last 90 days, the stock has fallen 23% to JP¥1,291. The fair value is estimated to be JP¥1,054, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last year. Earnings per share has grown by 87%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.Buy Or Sell Opportunity • Jul 11Now 21% overvaluedOver the last 90 days, the stock has fallen 53% to JP¥1,254. The fair value is estimated to be JP¥1,037, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last year. Earnings per share has grown by 87%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.Buy Or Sell Opportunity • Jul 01Now 32% overvaluedOver the last 90 days, the stock has fallen 43% to JP¥1,418. The fair value is estimated to be JP¥1,074, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last year. Earnings per share has grown by 87%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥1,434, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 75% over the past year.Buy Or Sell Opportunity • Jun 18Now 25% overvaluedOver the last 90 days, the stock has fallen 50% to JP¥1,310. The fair value is estimated to be JP¥1,046, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last year. Earnings per share has grown by 87%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.분석 기사 • Jun 18Estimating The Intrinsic Value Of f-code Inc. (TSE:9211)Key Insights Using the 2 Stage Free Cash Flow to Equity, f-code fair value estimate is JP¥1,044 f-code's JP¥1,225 share...New Risk • Jun 13New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥15.2b (US$97.0m) 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: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (JP¥15.2b market cap, or US$97.0m).Valuation Update With 7 Day Price Move • May 22Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥1,476, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 65% over the past year.New Risk • May 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding).공시 • Apr 18f-code Inc. has filed a Follow-on Equity Offering.f-code Inc. has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Securities Offered: 1,800,000Valuation Update With 7 Day Price Move • Apr 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥2,318, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 175% over the past year.공시 • Mar 17f-code Inc. to Report Q1, 2024 Results on May 15, 2024f-code Inc. announced that they will report Q1, 2024 results on May 15, 2024Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥5,370, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 166% over the past year.공시 • Feb 16f-code Inc., Annual General Meeting, Mar 28, 2024f-code Inc., Annual General Meeting, Mar 28, 2024.공시 • Jan 13f-code Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024f-code Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024New Risk • Nov 15New 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 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2019 fiscal period end). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (JP¥7.78b market cap, or US$51.8m).New Risk • Jul 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 5.1% 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 Latest financial reports are more than 1 year old (reported December 2019 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (JP¥9.20b market cap, or US$66.4m).공시 • Jun 29f-code Inc. to Report Q2, 2023 Results on Aug 14, 2023f-code Inc. announced that they will report Q2, 2023 results on Aug 14, 2023공시 • Dec 06f-code Inc. to Report Fiscal Year 2022 Results on Feb 14, 2023f-code Inc. announced that they will report fiscal year 2022 results on Feb 14, 2023공시 • Nov 30f-code Inc. (TSE:9211) agreed to acquire KaiU business from Subscription Factory, K.K. for ¥300 million.f-code Inc. (TSE:9211) agreed to acquire KaiU business from Subscription Factory, K.K. for ¥300 million on November 28, 2022. Transaction is expected to be closed on January 31, 2022.공시 • Nov 23f-code Inc. (TSE:9211) agreed to acquire Chatbot Hachidori Business And SaaS-Type Video Message Tool Recit Business from Hachidori Co., Ltd. for ¥800 million.f-code Inc. (TSE:9211) agreed to acquire Chatbot Hachidori Business And SaaS-Type Video Message Tool Recit Business from Hachidori Co., Ltd. for ¥800 million on November 21, 2022.공시 • Oct 18f-code Inc. (TSE:9211) agreed to acquire Sinclo Business from MEDiA LiNK.Co., Ltd. for ¥350 million.f-code Inc. (TSE:9211) agreed to acquire Sinclo Business from MEDiA LiNK.Co., Ltd. for ¥350 million on October 17, 2022. Consideration will be settle in cash with cash on hand. The transaction is expected to complete on November 1, 2022.공시 • Sep 28f-code Inc. to Report Q3, 2022 Results on Nov 14, 2022f-code Inc. announced that they will report Q3, 2022 results on Nov 14, 2022공시 • Aug 18f-code Inc. (TSE:9211) agreed to acquire SaaS business (GORILLAEFO) from Bruce Clay Japan, Inc. for ¥93.1 million.f-code Inc. (TSE:9211) agreed to acquire SaaS business (GORILLAEFO) from Bruce Clay Japan, Inc. for ¥93.1 million on August 17, 2022. Consideration shall be settled in cash with cash on hand. An additional transfer price of up to ¥93.1 million may be incurred, and may be paid by September 29, 2023. For the Fiscal year ending December 2021, SaaS business reported sales of ¥45 million. Business transfer date is scheduled for September 1, 2022.공시 • Jun 22f-code Inc. to Report Q2, 2022 Results on Aug 12, 2022f-code Inc. announced that they will report Q2, 2022 results on Aug 12, 2022공시 • Apr 08f-code Inc. to Report Q1, 2022 Results on May 13, 2022f-code Inc. announced that they will report Q1, 2022 results on May 13, 2022공시 • Feb 16f-code Inc., Annual General Meeting, Mar 25, 2022f-code Inc., Annual General Meeting, Mar 25, 2022.공시 • Dec 24f-code Inc. has completed an IPO in the amount of ¥322.594 million.f-code Inc. has completed an IPO in the amount of ¥322.594 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 159,700 Price\Range: ¥2020 Discount Per Security: ¥161.6 Transaction Features: Sponsor Backed Offering주주 수익률9211JP ITJP 시장7D-7.7%-3.6%0.6%1Y-30.1%-9.1%40.0%전체 주주 수익률 보기수익률 대 산업: 9211은 지난 1년 동안 -9.1%의 수익을 기록한 JP IT 산업보다 저조한 성과를 냈습니다.수익률 대 시장: 9211은 지난 1년 동안 40%를 기록한 JP 시장보다 저조한 성과를 냈습니다.주가 변동성Is 9211's price volatile compared to industry and market?9211 volatility9211 Average Weekly Movement7.6%IT Industry Average Movement5.0%Market Average Movement4.9%10% most volatile stocks in JP Market9.5%10% least volatile stocks in JP Market2.4%안정적인 주가: 9211의 주가는 지난 3개월 동안 JP 시장보다 변동성이 컸습니다.시간에 따른 변동성: 9211의 주간 변동성(8%)은 지난 1년 동안 안정적이었지만 JP 종목 중 상위 75%보다 높습니다.회사 소개설립직원 수CEO웹사이트2006489Tsutomu Kudof-code.co.jp는 일본에서 디지털 고객 확보 및 개발 지원 서비스를 제공합니다. 제품 포트폴리오에는 CX 개선 SaaS 제품인 CODE 마케팅 클라우드가 포함됩니다. 이 회사는 DX 전략 설계/실행 지원 및 디지털 마케팅 컨설팅 서비스를 제공합니다.더 보기f-code Inc. 기초 지표 요약f-code의 순이익과 매출은 시가총액과 어떻게 비교됩니까?9211 기초 통계시가총액JP¥17.81b순이익 (TTM)JP¥1.45b매출 (TTM)JP¥11.94b12.3x주가수익비율(P/E)1.5x주가매출비율(P/S)9211는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표9211 손익계산서 (TTM)매출JP¥11.94b매출원가JP¥4.81b총이익JP¥7.13b기타 비용JP¥5.68b순이익JP¥1.45b최근 보고된 실적Dec 31, 2025다음 실적 발표일해당 없음주당순이익(EPS)118.48총이익률59.69%순이익률12.15%부채/자본 비율187.8%9211의 장기 실적은 어땠습니까?과거 실적 및 비교 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/18 17:28종가2026/05/18 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 소스f-code Inc.는 1명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Hiroshi NayaIchiyoshi Research Institute Inc.
Buy Or Sell Opportunity • May 05Now 21% overvaluedOver the last 90 days, the stock has fallen 7.0% to JP¥1,491. The fair value is estimated to be JP¥1,233, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 133% over the last year. Earnings per share has grown by 52%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.
분석 기사 • Apr 06We Like f-code's (TSE:9211) Earnings For More Than Just Statutory Profitf-code Inc.'s ( TSE:9211 ) solid earnings announcement recently didn't do much to the stock price. We did some analysis...
New Risk • Apr 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 53% 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: Major Risk Debt is not well covered by operating cash flow (9.2% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin).
Reported Earnings • Apr 04Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥118 (up from JP¥77.88 in FY 2024). Revenue: JP¥11.9b (up 133% from FY 2024). Net income: JP¥1.45b (up 60% from FY 2024). Profit margin: 12% (down from 18% in FY 2024). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the IT industry in Japan.
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥1,629, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the IT industry in Japan. Total returns to shareholders of 64% over the past three years.
분석 기사 • Feb 17Do f-code's (TSE:9211) Earnings Warrant Your Attention?Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Buy Or Sell Opportunity • May 05Now 21% overvaluedOver the last 90 days, the stock has fallen 7.0% to JP¥1,491. The fair value is estimated to be JP¥1,233, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 133% over the last year. Earnings per share has grown by 52%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 24% per annum over the same time period.
분석 기사 • Apr 06We Like f-code's (TSE:9211) Earnings For More Than Just Statutory Profitf-code Inc.'s ( TSE:9211 ) solid earnings announcement recently didn't do much to the stock price. We did some analysis...
New Risk • Apr 04New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 53% 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: Major Risk Debt is not well covered by operating cash flow (9.2% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (12% net profit margin).
Reported Earnings • Apr 04Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥118 (up from JP¥77.88 in FY 2024). Revenue: JP¥11.9b (up 133% from FY 2024). Net income: JP¥1.45b (up 60% from FY 2024). Profit margin: 12% (down from 18% in FY 2024). Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the IT industry in Japan.
Valuation Update With 7 Day Price Move • Mar 11Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥1,629, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the IT industry in Japan. Total returns to shareholders of 64% over the past three years.
분석 기사 • Feb 17Do f-code's (TSE:9211) Earnings Warrant Your Attention?Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
공시 • Feb 16f-code Inc., Annual General Meeting, Mar 27, 2026f-code Inc., Annual General Meeting, Mar 27, 2026.
Reported Earnings • Feb 16Full year 2025 earnings: EPS and revenues exceed analyst expectationsFull year 2025 results: EPS: JP¥119 (up from JP¥77.88 in FY 2024). Revenue: JP¥11.9b (up 133% from FY 2024). Net income: JP¥1.45b (up 60% from FY 2024). Profit margin: 12% (down from 18% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan.
공시 • Feb 11f-code Inc. (TSE:9211) agreed to acquire 75% stake in AI ONE Co., Ltd from Kazumasa Moriya for ¥1.2 billion.f-code Inc. (TSE:9211) agreed to acquire 75% stake in AI ONE Co., Ltd from Kazumasa Moriya for ¥1.2 billion on February 10, 2026. A cash consideration of ¥1.2 billion will be paid by f-code Inc. As part of consideration, ¥1.2 billion is paid towards common equity of AI ONE Co., Ltd. The expected completion of the transaction is February 24, 2026.
공시 • Dec 03f-code Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026f-code Inc. announced that they will report fiscal year 2025 results on Feb 13, 2026
분석 기사 • Nov 18Is f-code (TSE:9211) A Risky Investment?Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Reported Earnings • Nov 18Third quarter 2025 earnings released: EPS: JP¥31.87 (vs JP¥18.25 in 3Q 2024)Third quarter 2025 results: EPS: JP¥31.87 (up from JP¥18.25 in 3Q 2024). Revenue: JP¥3.19b (up 207% from 3Q 2024). Net income: JP¥389.0m (up 76% from 3Q 2024). Profit margin: 12% (down from 21% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan.
New Risk • Nov 17New 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 8.4% 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 Risks Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (8.4% average weekly change).
Valuation Update With 7 Day Price Move • Nov 17Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,642, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 34% over the past three years.
Board Change • Nov 05Less 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 Genta Imamura 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.
분석 기사 • Sep 14Here's Why We Think f-code (TSE:9211) Is Well Worth WatchingThe excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Valuation Update With 7 Day Price Move • Sep 03Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥2,120, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 136% over the past three years.
공시 • Sep 02f-code Inc. to Report Q3, 2025 Results on Nov 14, 2025f-code Inc. announced that they will report Q3, 2025 results on Nov 14, 2025
분석 기사 • Aug 24We Like f-code's (TSE:9211) Earnings For More Than Just Statutory Profitf-code Inc. ( TSE:9211 ) announced a healthy earnings result recently, and the market rewarded it with a strong uplift...
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: JP¥26.28 (vs JP¥15.16 in 2Q 2024)Second quarter 2025 results: EPS: JP¥26.28 (up from JP¥15.16 in 2Q 2024). Revenue: JP¥2.80b (up 179% from 2Q 2024). Net income: JP¥321.4m (up 83% from 2Q 2024). Profit margin: 12% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan.
공시 • Jun 25f-code Inc. to Report Q2, 2025 Results on Aug 14, 2025f-code Inc. announced that they will report Q2, 2025 results on Aug 14, 2025
New Risk • May 20New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change).
Reported Earnings • May 20First quarter 2025 earnings released: EPS: JP¥26.31 (vs JP¥18.53 in 1Q 2024)First quarter 2025 results: EPS: JP¥26.31 (up from JP¥18.53 in 1Q 2024). Revenue: JP¥2.42b (up 133% from 1Q 2024). Net income: JP¥324.0m (up 65% from 1Q 2024). Profit margin: 13% (down from 19% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT industry in Japan.
Valuation Update With 7 Day Price Move • May 16Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥2,185, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 198% over the past three years.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to JP¥1,345, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the IT industry in Japan. Total returns to shareholders of 50% over the past three years.
Reported Earnings • Apr 05Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥77.88 (up from JP¥46.89 in FY 2023). Revenue: JP¥5.13b (up 107% from FY 2023). Net income: JP¥905.0m (up 87% from FY 2023). Profit margin: 18% (down from 20% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT industry in Japan.
공시 • Apr 02f-code Inc. (TSE:9211) announces an Equity Buyback for 160,000 shares, representing 1.3% for ¥400 million.f-code Inc. (TSE:9211) announces a share repurchase program. Under the program, the company will repurchase up to 160,000 shares, representing 1.3% of its issued share capital, for ¥400 million. The program will be valid till May 30, 2025. As of April 1, 2025, the company has 12,330,437 issued shares (excluding treasury stock) and 40,563 treasury shares.
Valuation Update With 7 Day Price Move • Mar 18Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥1,780, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 84% over the past three years.
공시 • Mar 13f-code Inc. (TSE:9211) announces an Equity Buyback for 40,000 shares, representing 0.33% for ¥100 million.f-code Inc. (TSE:9211) announces a share repurchase program. Under the program, the company will repurchase up to 40,000 shares, representing 0.33% of its issued share capital, for ¥100 million. The purpose of the program is to to enhance shareholder returns. The program will be valid till April 30, 2025. As of December 31, 2024, the company has 12,260,085 issued shares (excluding treasury stock) and 515 treasury shares.
공시 • Mar 05f-code Inc. to Report Q1, 2025 Results on May 15, 2025f-code Inc. announced that they will report Q1, 2025 results on May 15, 2025
분석 기사 • Feb 21f-code's (TSE:9211) Shareholders May Want To Dig Deeper Than Statutory Profitf-code Inc. ( TSE:9211 ) just released a solid earnings report, and the stock displayed some strength. While the profit...
공시 • Feb 21f-Code Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2025f-code Inc. provided consolidated earnings guidance for the fiscal year ending December 31, 2025. For the full year, the company expects sales revenue of JPY 10,000 million, Operating income of JPY 2,200 million, net income of JPY 1,319 million, Profit attributable to owners of the parent of JPY 1,285 million and Basic earnings per share of JPY 104.84.
Valuation Update With 7 Day Price Move • Feb 21Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥1,658, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 156% over the past three years.
공시 • Feb 17f-code Inc., Annual General Meeting, Mar 26, 2025f-code Inc., Annual General Meeting, Mar 26, 2025.
Reported Earnings • Feb 16Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥77.88 (up from JP¥46.89 in FY 2023). Revenue: JP¥5.13b (up 107% from FY 2023). Net income: JP¥905.0m (up 87% from FY 2023). Profit margin: 18% (down from 20% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan.
Buy Or Sell Opportunity • Feb 12Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 25% to JP¥1,372. The fair value is estimated to be JP¥1,141, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 69% over the last year. Earnings per share has grown by 63%. For the next 3 years, revenue is forecast to grow by 21% per annum. Earnings are also forecast to grow by 21% per annum over the same time period.
New Risk • Feb 07New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risk Shareholders have been diluted in the past year (16% increase in shares outstanding).
공시 • Dec 04f-code Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025f-code Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025
Valuation Update With 7 Day Price Move • Nov 21Investor sentiment improves as stock rises 26%After last week's 26% share price gain to JP¥1,383, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the IT industry in Japan. Total returns to shareholders of 52% over the past year.
분석 기사 • Nov 19Is It Time To Consider Buying f-code Inc. (TSE:9211)?While f-code Inc. ( TSE:9211 ) might not have the largest market cap around , it received a lot of attention from a...
공시 • Nov 06f-code Inc. (TSE:9211) completed the acquisition of 50.10% stake in SpinFlow Inc from Tetsuya Hirashima ¥170 million.f-code Inc. (TSE:9211) agreed to acquire 50.10% stake in SpinFlow Inc from Tetsuya Hirashima for approximately ¥170 million on November 5, 2024. f-code acquiring 5,010 shares in SpinFlow. SpinFlow has Total assets of ¥185 million and Net asset of ¥100 million as for April to September, 2024. Date of conclusion of the agreement and Date of commencement of share transfer will be November 5, 2024. f-code Inc. (TSE:9211) completed the acquisition of 50.10% stake in SpinFlow Inc from Tetsuya Hirashima on November 5, 2024.
Valuation Update With 7 Day Price Move • Sep 20Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥1,281, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 57% over the past year.
분석 기사 • Sep 19A Look At The Fair Value Of f-code Inc. (TSE:9211)Key Insights The projected fair value for f-code is JP¥1,228 based on 2 Stage Free Cash Flow to Equity Current share...
공시 • Sep 03f-code Inc. to Report Q3, 2024 Results on Nov 14, 2024f-code Inc. announced that they will report Q3, 2024 results on Nov 14, 2024
Valuation Update With 7 Day Price Move • Sep 03Investor sentiment improves as stock rises 25%After last week's 25% share price gain to JP¥1,230, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 46% over the past year.
Reported Earnings • Aug 19Second quarter 2024 earnings released: EPS: JP¥10.41 (vs JP¥18.89 in 2Q 2023)Second quarter 2024 results: EPS: JP¥10.41 (down from JP¥18.89 in 2Q 2023). Revenue: JP¥1.00b (up 11% from 2Q 2023). Net income: JP¥176.0m (down 12% from 2Q 2023). Profit margin: 18% (down from 22% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the IT industry in Japan.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥1,035, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the IT industry in Japan. Total returns to shareholders of 7.8% over the past year.
Buy Or Sell Opportunity • Jul 30Now 22% overvaluedOver the last 90 days, the stock has fallen 23% to JP¥1,291. The fair value is estimated to be JP¥1,054, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last year. Earnings per share has grown by 87%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.
Buy Or Sell Opportunity • Jul 11Now 21% overvaluedOver the last 90 days, the stock has fallen 53% to JP¥1,254. The fair value is estimated to be JP¥1,037, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last year. Earnings per share has grown by 87%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.
Buy Or Sell Opportunity • Jul 01Now 32% overvaluedOver the last 90 days, the stock has fallen 43% to JP¥1,418. The fair value is estimated to be JP¥1,074, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last year. Earnings per share has grown by 87%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.
Valuation Update With 7 Day Price Move • Jun 26Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥1,434, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 75% over the past year.
Buy Or Sell Opportunity • Jun 18Now 25% overvaluedOver the last 90 days, the stock has fallen 50% to JP¥1,310. The fair value is estimated to be JP¥1,046, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last year. Earnings per share has grown by 87%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings are also forecast to grow by 23% per annum over the same time period.
분석 기사 • Jun 18Estimating The Intrinsic Value Of f-code Inc. (TSE:9211)Key Insights Using the 2 Stage Free Cash Flow to Equity, f-code fair value estimate is JP¥1,044 f-code's JP¥1,225 share...
New Risk • Jun 13New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥15.2b (US$97.0m) 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: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (JP¥15.2b market cap, or US$97.0m).
Valuation Update With 7 Day Price Move • May 22Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥1,476, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 65% over the past year.
New Risk • May 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (14% average weekly change). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding).
공시 • Apr 18f-code Inc. has filed a Follow-on Equity Offering.f-code Inc. has filed a Follow-on Equity Offering. Security Name: Common Stock Security Type: Common Stock Securities Offered: 1,800,000
Valuation Update With 7 Day Price Move • Apr 16Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥2,318, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 175% over the past year.
공시 • Mar 17f-code Inc. to Report Q1, 2024 Results on May 15, 2024f-code Inc. announced that they will report Q1, 2024 results on May 15, 2024
Valuation Update With 7 Day Price Move • Mar 07Investor sentiment improves as stock rises 23%After last week's 23% share price gain to JP¥5,370, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 166% over the past year.
공시 • Feb 16f-code Inc., Annual General Meeting, Mar 28, 2024f-code Inc., Annual General Meeting, Mar 28, 2024.
공시 • Jan 13f-code Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024f-code Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024
New Risk • Nov 15New 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 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2019 fiscal period end). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (JP¥7.78b market cap, or US$51.8m).
New Risk • Jul 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 5.1% 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 Latest financial reports are more than 1 year old (reported December 2019 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding). Market cap is less than US$100m (JP¥9.20b market cap, or US$66.4m).
공시 • Jun 29f-code Inc. to Report Q2, 2023 Results on Aug 14, 2023f-code Inc. announced that they will report Q2, 2023 results on Aug 14, 2023
공시 • Dec 06f-code Inc. to Report Fiscal Year 2022 Results on Feb 14, 2023f-code Inc. announced that they will report fiscal year 2022 results on Feb 14, 2023
공시 • Nov 30f-code Inc. (TSE:9211) agreed to acquire KaiU business from Subscription Factory, K.K. for ¥300 million.f-code Inc. (TSE:9211) agreed to acquire KaiU business from Subscription Factory, K.K. for ¥300 million on November 28, 2022. Transaction is expected to be closed on January 31, 2022.
공시 • Nov 23f-code Inc. (TSE:9211) agreed to acquire Chatbot Hachidori Business And SaaS-Type Video Message Tool Recit Business from Hachidori Co., Ltd. for ¥800 million.f-code Inc. (TSE:9211) agreed to acquire Chatbot Hachidori Business And SaaS-Type Video Message Tool Recit Business from Hachidori Co., Ltd. for ¥800 million on November 21, 2022.
공시 • Oct 18f-code Inc. (TSE:9211) agreed to acquire Sinclo Business from MEDiA LiNK.Co., Ltd. for ¥350 million.f-code Inc. (TSE:9211) agreed to acquire Sinclo Business from MEDiA LiNK.Co., Ltd. for ¥350 million on October 17, 2022. Consideration will be settle in cash with cash on hand. The transaction is expected to complete on November 1, 2022.
공시 • Sep 28f-code Inc. to Report Q3, 2022 Results on Nov 14, 2022f-code Inc. announced that they will report Q3, 2022 results on Nov 14, 2022
공시 • Aug 18f-code Inc. (TSE:9211) agreed to acquire SaaS business (GORILLAEFO) from Bruce Clay Japan, Inc. for ¥93.1 million.f-code Inc. (TSE:9211) agreed to acquire SaaS business (GORILLAEFO) from Bruce Clay Japan, Inc. for ¥93.1 million on August 17, 2022. Consideration shall be settled in cash with cash on hand. An additional transfer price of up to ¥93.1 million may be incurred, and may be paid by September 29, 2023. For the Fiscal year ending December 2021, SaaS business reported sales of ¥45 million. Business transfer date is scheduled for September 1, 2022.
공시 • Jun 22f-code Inc. to Report Q2, 2022 Results on Aug 12, 2022f-code Inc. announced that they will report Q2, 2022 results on Aug 12, 2022
공시 • Apr 08f-code Inc. to Report Q1, 2022 Results on May 13, 2022f-code Inc. announced that they will report Q1, 2022 results on May 13, 2022
공시 • Feb 16f-code Inc., Annual General Meeting, Mar 25, 2022f-code Inc., Annual General Meeting, Mar 25, 2022.
공시 • Dec 24f-code Inc. has completed an IPO in the amount of ¥322.594 million.f-code Inc. has completed an IPO in the amount of ¥322.594 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 159,700 Price\Range: ¥2020 Discount Per Security: ¥161.6 Transaction Features: Sponsor Backed Offering
