공지 • Jun 25
I-O Data Device Delisted from the Standard Section of Tokyo Stock Exchange I-O Data Device, Inc. delisted from the Standard section Of Tokyo Stock Exchange (TSE), effective June 16, 2022. The delisting is due to Reverse stock split. Reported Earnings • May 15
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥43.22 (down from JP¥53.58 in 3Q 2021). Revenue: JP¥15.3b (down 2.5% from 3Q 2021). Net income: JP¥555.0m (down 20% from 3Q 2021). Profit margin: 3.6% (down from 4.4% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is forecast to grow 1.5%, compared to a 5.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 7% per year, which means it is well ahead of 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. 6 non-independent directors. Director Yoshihiro Senzai was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improved over the past week After last week's 45% share price gain to JP¥1,298, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 12x in the Tech industry in Japan. Total returns to shareholders of 16% over the past three years. Reported Earnings • Feb 10
Second quarter 2022 earnings: EPS misses analyst expectations Second quarter 2022 results: EPS: JP¥10.13 (down from JP¥21.71 in 2Q 2021). Revenue: JP¥15.6b (up 1.9% from 2Q 2021). Net income: JP¥130.0m (down 55% from 2Q 2021). Profit margin: 0.8% (down from 1.9% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Over the next year, revenue is forecast to stay flat compared to a 5.1% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 12
First quarter 2022 earnings released: JP¥4.21 loss per share (vs JP¥26.53 profit in 1Q 2021) The company reported a poor first quarter result with weaker earnings and control over costs, although revenues were flat. First quarter 2022 results: Revenue: JP¥12.7b (flat on 1Q 2021). Net loss: JP¥54.0m (down 115% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 10% per year. 공지 • Jun 22
I-O Data Device, Inc. (TSE:6916) agreed to acquire St Trade & Co., Ltd. I-O Data Device, Inc. (TSE:6916) agreed to acquire St Trade & Co., Ltd. on June 21, 2021. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 25 September 2021. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (2.3%). Reported Earnings • May 15
Third quarter 2021 earnings released: EPS JP¥53.58 (vs JP¥29.25 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥15.7b (up 10% from 3Q 2020). Net income: JP¥697.0m (up 80% from 3Q 2020). Profit margin: 4.4% (up from 2.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 5% per year. Is New 90 Day High Low • Feb 26
New 90-day low: JP¥961 The company is down 2.0% from its price of JP¥978 on 27 November 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥344 per share. Analyst Estimate Surprise Post Earnings • Feb 14
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 8.3%. Over the next year, revenue is forecast to stay flat compared to a 4.5% growth forecast for the Tech industry in Japan. Reported Earnings • Feb 14
Second quarter 2021 earnings released: EPS JP¥21.70 (vs JP¥17.46 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥15.3b (up 1.2% from 2Q 2020). Net income: JP¥287.0m (up 24% from 2Q 2020). Profit margin: 1.9% (up from 1.5% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year and the company’s share price has also fallen by 1% per year. 공지 • Dec 26
I-O Data Device, Inc. to Report Q2, 2021 Results on Feb 10, 2021 I-O Data Device, Inc. announced that they will report Q2, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Dec 03
New 90-day low: JP¥967 The company is down 4.0% from its price of JP¥1,003 on 04 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 11% over the same period. 공지 • Oct 10
I-O Data Device, Inc. to Report Q1, 2021 Results on Nov 12, 2020 I-O Data Device, Inc. announced that they will report Q1, 2021 results on Nov 12, 2020