View Future GrowthIPS 과거 순이익 실적과거 기준 점검 4/6IPS은 연평균 15.5%의 비율로 수입이 증가해 온 반면, Telecom 산업은 수입이 13.5% 증가했습니다. 매출은 연평균 11.8%의 비율로 증가했습니다. IPS의 자기자본이익률은 19.8%이고 순이익률은 24.7%입니다.핵심 정보15.49%순이익 성장률14.28%주당순이익(EPS) 성장률Telecom 산업 성장률23.24%매출 성장률11.75%자기자본이익률19.77%순이익률24.68%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트분석 기사 • May 16There May Be Underlying Issues With The Quality Of IPS' (TSE:4390) EarningsIPS, Inc.'s ( TSE:4390 ) stock was strong after they recently reported robust earnings. However, our analysis suggests...Reported Earnings • May 09Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2026 results: EPS: JP¥322 (up from JP¥197 in FY 2025). Revenue: JP¥17.0b (up 11% from FY 2025). Net income: JP¥4.20b (up 65% from FY 2025). Profit margin: 25% (up from 17% in FY 2025). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 28%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.공시 • May 08+ 1 more updateIPS, Inc. to Report Fiscal Year 2026 Results on May 08, 2026IPS, Inc. announced that they will report fiscal year 2026 results on May 08, 2026Reported Earnings • Feb 07Third quarter 2026 earnings released: EPS: JP¥85.94 (vs JP¥113 in 3Q 2025)Third quarter 2026 results: EPS: JP¥85.94 (down from JP¥113 in 3Q 2025). Revenue: JP¥3.87b (up 11% from 3Q 2025). Net income: JP¥1.12b (down 23% from 3Q 2025). Profit margin: 29% (down from 42% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.공시 • Dec 03IPS, Inc. to Report Q3, 2026 Results on Feb 06, 2026IPS, Inc. announced that they will report Q3, 2026 results on Feb 06, 2026Reported Earnings • Nov 09Second quarter 2026 earnings released: EPS: JP¥73.60 (vs JP¥23.96 in 2Q 2025)Second quarter 2026 results: EPS: JP¥73.60 (up from JP¥23.96 in 2Q 2025). Revenue: JP¥4.43b (up 8.4% from 2Q 2025). Net income: JP¥955.0m (up 209% from 2Q 2025). Profit margin: 22% (up from 7.6% in 2Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.모든 업데이트 보기Recent updates분석 기사 • May 16There May Be Underlying Issues With The Quality Of IPS' (TSE:4390) EarningsIPS, Inc.'s ( TSE:4390 ) stock was strong after they recently reported robust earnings. However, our analysis suggests...New Risk • May 11New 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 7.9% 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. This is currently the only risk that has been identified for the company.Reported Earnings • May 09Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2026 results: EPS: JP¥322 (up from JP¥197 in FY 2025). Revenue: JP¥17.0b (up 11% from FY 2025). Net income: JP¥4.20b (up 65% from FY 2025). Profit margin: 25% (up from 17% in FY 2025). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 28%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.공시 • May 08+ 1 more updateIPS, Inc. to Report Fiscal Year 2026 Results on May 08, 2026IPS, Inc. announced that they will report fiscal year 2026 results on May 08, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.2%).Reported Earnings • Feb 07Third quarter 2026 earnings released: EPS: JP¥85.94 (vs JP¥113 in 3Q 2025)Third quarter 2026 results: EPS: JP¥85.94 (down from JP¥113 in 3Q 2025). Revenue: JP¥3.87b (up 11% from 3Q 2025). Net income: JP¥1.12b (down 23% from 3Q 2025). Profit margin: 29% (down from 42% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.공시 • Dec 03IPS, Inc. to Report Q3, 2026 Results on Feb 06, 2026IPS, Inc. announced that they will report Q3, 2026 results on Feb 06, 2026분석 기사 • Dec 03IPS' (TSE:4390) Dividend Will Be ¥20.00The board of IPS, Inc. ( TSE:4390 ) has announced that it will pay a dividend on the 25th of June, with investors...Declared Dividend • Dec 02First half dividend of JP¥20.00 announcedDividend of JP¥20.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 1.2%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 32% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥3,390, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Telecom industry in Japan. Total returns to shareholders of 15% over the past three years.Reported Earnings • Nov 09Second quarter 2026 earnings released: EPS: JP¥73.60 (vs JP¥23.96 in 2Q 2025)Second quarter 2026 results: EPS: JP¥73.60 (up from JP¥23.96 in 2Q 2025). Revenue: JP¥4.43b (up 8.4% from 2Q 2025). Net income: JP¥955.0m (up 209% from 2Q 2025). Profit margin: 22% (up from 7.6% in 2Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.분석 기사 • Sep 27IPS' (TSE:4390) Dividend Will Be ¥20.00IPS, Inc.'s ( TSE:4390 ) investors are due to receive a payment of ¥20.00 per share on 3rd of December. This means the...공시 • Sep 27IPS, Inc. to Report Q2, 2026 Results on Nov 07, 2025IPS, Inc. announced that they will report Q2, 2026 results on Nov 07, 2025New Risk • Sep 25New 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 7.6% 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. This is currently the only risk that has been identified for the company.Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥3,740, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Telecom industry in Japan. Total returns to shareholders of 34% over the past three years.Upcoming Dividend • Sep 22Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.2%).분석 기사 • Aug 15A Piece Of The Puzzle Missing From IPS, Inc.'s (TSE:4390) 26% Share Price ClimbIPS, Inc. ( TSE:4390 ) shares have had a really impressive month, gaining 26% after a shaky period beforehand. The last...Reported Earnings • Aug 09First quarter 2026 earnings released: EPS: JP¥50.29 (vs JP¥37.29 in 1Q 2025)First quarter 2026 results: EPS: JP¥50.29 (up from JP¥37.29 in 1Q 2025). Revenue: JP¥3.42b (down 12% from 1Q 2025). Net income: JP¥652.0m (up 36% from 1Q 2025). Profit margin: 19% (up from 12% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year.Valuation Update With 7 Day Price Move • Jul 31Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥2,770, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Telecom industry in Japan. Total returns to shareholders of 13% over the past three years.분석 기사 • Jul 23IPS' (TSE:4390) Dividend Will Be ¥20.00The board of IPS, Inc. ( TSE:4390 ) has announced that it will pay a dividend of ¥20.00 per share on the 3rd of...분석 기사 • Jul 09IPS' (TSE:4390) Dividend Will Be ¥20.00IPS, Inc.'s ( TSE:4390 ) investors are due to receive a payment of ¥20.00 per share on 3rd of December. This means the...Declared Dividend • Jul 09Final dividend of JP¥20.00 announcedDividend of JP¥20.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 1.8%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (12% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 41% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jun 25Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥197 (down from JP¥225 in FY 2024). Revenue: JP¥15.3b (up 8.1% from FY 2024). Net income: JP¥2.54b (down 10% from FY 2024). Profit margin: 17% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공시 • Jun 18IPS, Inc. to Report Q1, 2026 Results on Aug 08, 2025IPS, Inc. announced that they will report Q1, 2026 results on Aug 08, 2025Reported Earnings • May 10Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥197 (down from JP¥225 in FY 2024). Revenue: JP¥15.3b (up 8.1% from FY 2024). Net income: JP¥2.54b (down 10% from FY 2024). Profit margin: 17% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.공시 • May 09IPS, Inc., Annual General Meeting, Jun 24, 2025IPS, Inc., Annual General Meeting, Jun 24, 2025.New Risk • Apr 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.6% 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 Risks Debt is not well covered by operating cash flow (5.5% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change).Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥1,790, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Telecom industry in Japan. Total loss to shareholders of 10% over the past three years.New Risk • Mar 31New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.5% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.Upcoming Dividend • Mar 21Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.3%).분석 기사 • Mar 13IPS (TSE:4390) Will Pay A Dividend Of ¥20.00The board of IPS, Inc. ( TSE:4390 ) has announced that it will pay a dividend of ¥20.00 per share on the 27th of June...공시 • Mar 13IPS, Inc. to Report Fiscal Year 2025 Results on May 09, 2025IPS, Inc. announced that they will report fiscal year 2025 results on May 09, 2025New Risk • Feb 08New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 5.5% 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 (5.5% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).Reported Earnings • Feb 08Third quarter 2025 earnings released: EPS: JP¥113 (vs JP¥0.24 loss in 3Q 2024)Third quarter 2025 results: EPS: JP¥113 (up from JP¥0.24 loss in 3Q 2024). Revenue: JP¥3.49b (up 13% from 3Q 2024). Net income: JP¥1.46b (up JP¥1.47b from 3Q 2024). Profit margin: 42% (up from net loss in 3Q 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.분석 기사 • Jan 17IPS (TSE:4390) Has Announced A Dividend Of ¥20.00IPS, Inc. ( TSE:4390 ) has announced that it will pay a dividend of ¥20.00 per share on the 27th of June. Although the...분석 기사 • Jan 03IPS' (TSE:4390) Dividend Will Be ¥20.00The board of IPS, Inc. ( TSE:4390 ) has announced that it will pay a dividend on the 27th of June, with investors...분석 기사 • Dec 18IPS' (TSE:4390) Dividend Will Be ¥20.00IPS, Inc. ( TSE:4390 ) has announced that it will pay a dividend of ¥20.00 per share on the 27th of June. Despite this...공시 • Dec 12IPS, Inc. to Report Q3, 2025 Results on Feb 07, 2025IPS, Inc. announced that they will report Q3, 2025 results on Feb 07, 2025분석 기사 • Dec 04IPS (TSE:4390) Will Pay A Dividend Of ¥20.00The board of IPS, Inc. ( TSE:4390 ) has announced that it will pay a dividend of ¥20.00 per share on the 27th of June...Declared Dividend • Dec 04First half dividend of JP¥20.00 announcedShareholders will receive a dividend of JP¥20.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 1.5%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (9% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 41% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover.분석 기사 • Nov 21Impressive Earnings May Not Tell The Whole Story For IPS (TSE:4390)Unsurprisingly, IPS, Inc.'s ( TSE:4390 ) stock price was strong on the back of its healthy earnings report. However, we...Reported Earnings • Nov 10Second quarter 2025 earnings released: EPS: JP¥23.96 (vs JP¥25.23 in 2Q 2024)Second quarter 2025 results: EPS: JP¥23.96 (down from JP¥25.23 in 2Q 2024). Revenue: JP¥4.09b (up 48% from 2Q 2024). Net income: JP¥309.0m (down 1.6% from 2Q 2024). Profit margin: 7.6% (down from 11% 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 2.5% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year.New Risk • Nov 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.6% 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: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Shareholders have been diluted in the past year (3.7% increase in shares outstanding).분석 기사 • Sep 26IPS' (TSE:4390) Dividend Will Be Increased To ¥20.00IPS, Inc. ( TSE:4390 ) will increase its dividend from last year's comparable payment on the 4th of December to ¥20.00...Upcoming Dividend • Sep 20Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.3%).분석 기사 • Sep 11IPS' (TSE:4390) Dividend Will Be Increased To ¥20.00IPS, Inc. ( TSE:4390 ) will increase its dividend from last year's comparable payment on the 4th of December to ¥20.00...공시 • Sep 04IPS, Inc. to Report Q2, 2025 Results on Nov 08, 2024IPS, Inc. announced that they will report Q2, 2025 results on Nov 08, 2024분석 기사 • Aug 28IPS (TSE:4390) Will Pay A Larger Dividend Than Last Year At ¥20.00The board of IPS, Inc. ( TSE:4390 ) has announced that it will be paying its dividend of ¥20.00 on the 4th of December...분석 기사 • Aug 14IPS' (TSE:4390) Dividend Will Be Increased To ¥20.00IPS, Inc. ( TSE:4390 ) has announced that it will be increasing its dividend from last year's comparable payment on the...Reported Earnings • Aug 11First quarter 2025 earnings released: EPS: JP¥50.65 (vs JP¥51.45 in 1Q 2024)First quarter 2025 results: EPS: JP¥50.65. Revenue: JP¥3.66b (up 48% from 1Q 2024). Net income: JP¥652.0m (up 1.9% from 1Q 2024). Profit margin: 18% (down from 26% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Japan.분석 기사 • Aug 05Earnings Working Against IPS, Inc.'s (TSE:4390) Share Price Following 25% DiveThe IPS, Inc. ( TSE:4390 ) share price has fared very poorly over the last month, falling by a substantial 25%. Instead...Valuation Update With 7 Day Price Move • Aug 02Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,862, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Telecom industry in Japan. Total loss to shareholders of 25% over the past three years.분석 기사 • Jul 26IPS (TSE:4390) Will Pay A Larger Dividend Than Last Year At ¥20.00IPS, Inc.'s ( TSE:4390 ) dividend will be increasing from last year's payment of the same period to ¥20.00 on 4th of...분석 기사 • Jul 12IPS' (TSE:4390) Shareholders Will Receive A Bigger Dividend Than Last YearIPS, Inc.'s ( TSE:4390 ) dividend will be increasing from last year's payment of the same period to ¥20.00 on 4th of...Declared Dividend • Jul 11Final dividend of JP¥20.00 announcedShareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 59% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.공시 • Jun 26+ 1 more updateIPS, Inc. to Report Q1, 2025 Results on Aug 09, 2024IPS, Inc. announced that they will report Q1, 2025 results on Aug 09, 2024분석 기사 • May 21IPS' (TSE:4390) Earnings Are Weaker Than They SeemUnsurprisingly, IPS, Inc.'s ( TSE:4390 ) stock price was strong on the back of its healthy earnings report. However...Reported Earnings • May 13Full year 2024 earnings released: EPS: JP¥225 (vs JP¥184 in FY 2023)Full year 2024 results: EPS: JP¥225 (up from JP¥184 in FY 2023). Revenue: JP¥14.1b (up 14% from FY 2023). Net income: JP¥2.84b (up 24% from FY 2023). Profit margin: 20% (up from 19% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공시 • May 12IPS, Inc., Annual General Meeting, Jun 26, 2024IPS, Inc., Annual General Meeting, Jun 26, 2024.공시 • May 11IPS, Inc. Proposes Dividend for the Year Ended March 31, 2024The Board of Directors of IPS, Inc. resolved at its meeting held on May 10, 2024 to submit a proposal to the 33rd Annual General Meeting of Shareholders to be held on 26 June 2024 for the distribution of surplus funds with a record date of 31 March 2024, as follows. Dividends per share: JPY 19.50. Total Dividends: JPY 250 million. Effective Date: June 27, 2024.공시 • Mar 24IPS, Inc. to Report Fiscal Year 2024 Results on May 10, 2024IPS, Inc. announced that they will report fiscal year 2024 results on May 10, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥17.50 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.6%).분석 기사 • Feb 27IPS (TSE:4390) Is Due To Pay A Dividend Of ¥17.50The board of IPS, Inc. ( TSE:4390 ) has announced that it will pay a dividend of ¥17.50 per share on the 28th of June...Reported Earnings • Feb 11Third quarter 2024 earnings released: JP¥0.24 loss per share (vs JP¥8.36 loss in 3Q 2023)Third quarter 2024 results: JP¥0.24 loss per share (improved from JP¥8.36 loss in 3Q 2023). Revenue: JP¥3.10b (up 3.0% from 3Q 2023). Net loss: JP¥3.00m (loss narrowed 97% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.New Risk • Dec 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% 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 High level of non-cash earnings (62% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin). Shareholders have been diluted in the past year (3.4% increase in shares outstanding).공시 • Dec 08IPS, Inc. to Report Q3, 2024 Results on Feb 09, 2024IPS, Inc. announced that they will report Q3, 2024 results on Feb 09, 2024Valuation Update With 7 Day Price Move • Nov 17Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥2,121, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 12x in the Telecom industry in Japan. Total returns to shareholders of 7.7% over the past three years.New Risk • Nov 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.1% 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: Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin).Reported Earnings • Nov 12Second quarter 2024 earnings released: EPS: JP¥25.23 (vs JP¥50.96 in 2Q 2023)Second quarter 2024 results: EPS: JP¥25.23 (down from JP¥50.96 in 2Q 2023). Revenue: JP¥2.77b (down 6.5% from 2Q 2023). Net income: JP¥314.0m (down 50% from 2Q 2023). Profit margin: 11% (down from 21% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.공시 • Sep 24IPS, Inc. to Report Q2, 2024 Results on Nov 10, 2023IPS, Inc. announced that they will report Q2, 2024 results on Nov 10, 2023Upcoming Dividend • Sep 21Upcoming dividend of JP¥17.50 per share at 1.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.7%).New Risk • Aug 13New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 16% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.Reported Earnings • Aug 12First quarter 2024 earnings released: EPS: JP¥51.45 (vs JP¥82.76 in 1Q 2023)First quarter 2024 results: EPS: JP¥51.45 (down from JP¥82.76 in 1Q 2023). Revenue: JP¥2.48b (down 12% from 1Q 2023). Net income: JP¥640.0m (down 38% from 1Q 2023). Profit margin: 26% (down from 36% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.공시 • Jun 11IPS, Inc. to Report Q1, 2024 Results on Aug 10, 2023IPS, Inc. announced that they will report Q1, 2024 results on Aug 10, 2023Reported Earnings • May 16Full year 2023 earnings released: EPS: JP¥184 (vs JP¥152 in FY 2022)Full year 2023 results: EPS: JP¥184 (up from JP¥152 in FY 2022). Revenue: JP¥12.3b (up 15% from FY 2022). Net income: JP¥2.29b (up 21% from FY 2022). Profit margin: 19% (up from 18% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.공시 • May 14IPS, Inc., Annual General Meeting, Jun 27, 2023IPS, Inc., Annual General Meeting, Jun 27, 2023.Buying Opportunity • May 10Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥3,219, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 49%.Upcoming Dividend • Mar 23Upcoming dividend of JP¥17.50 per share at 1.5% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.9%).Buying Opportunity • Feb 22Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be JP¥3,213, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 49%.공시 • Feb 20+ 1 more updateIPS, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023IPS, Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. The company expects net sales to be JPY 12,000 million, Operating profit to be JPY 3,300 million, profit attributable to owners of parent to be JPY 2,200 million or JPY 177.05 per share.Reported Earnings • Feb 12Third quarter 2023 earnings released: JP¥8.36 loss per share (vs JP¥35.17 profit in 3Q 2022)Third quarter 2023 results: JP¥8.36 loss per share (down from JP¥35.17 profit in 3Q 2022). Revenue: JP¥3.01b (up 28% from 3Q 2022). Net loss: JP¥104.0m (down 124% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.공시 • Feb 11IPS, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023IPS, Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects net sales of JPY 12,000 million, operating profit of JPY 3,300 million, profit attributable to owners of parent of JPY 2,200 million and basic earnings per share of JPY 177.05.공시 • Dec 04IPS, Inc. to Report Q3, 2023 Results on Feb 10, 2023IPS, Inc. announced that they will report Q3, 2023 results on Feb 10, 2023Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥50.96 (vs JP¥24.22 in 2Q 2022)Second quarter 2023 results: EPS: JP¥50.96 (up from JP¥24.22 in 2Q 2022). Revenue: JP¥2.96b (up 40% from 2Q 2022). Net income: JP¥633.0m (up 111% from 2Q 2022). Profit margin: 21% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 3 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Senior Managing Director, GM of Business Promotion Division & Director Masako Uemori is the most experienced director on the board, commencing their role in 2007. Independent Outside Director Kazutaka Muraguchi was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Nov 13Second quarter 2023 earnings released: EPS: JP¥50.96 (vs JP¥24.22 in 2Q 2022)Second quarter 2023 results: EPS: JP¥50.96 (up from JP¥24.22 in 2Q 2022). Revenue: JP¥2.96b (up 40% from 2Q 2022). Net income: JP¥633.0m (up 111% from 2Q 2022). Profit margin: 21% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.공시 • Nov 12+ 2 more updatesIPS, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023IPS, Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects net sales of JPY 12,000 million, operating profit of JPY 3,300 million, profit attributable to owners of parent of JPY 2,700 million and basic earnings per share of JPY 217.30.공시 • Aug 28IPS, Inc. to Report Q2, 2023 Results on Nov 11, 2022IPS, Inc. announced that they will report Q2, 2023 results on Nov 11, 2022공시 • Aug 20+ 1 more updateIPS, Inc. Provides Consolidated Earnings Guidance for the First Six Months and Full Year Ending March 31, 2023IPS, Inc. provided consolidated earnings guidance for the first six months and full year ending March 31, 2023. For the period, the company expected net sales of JPY 5,400 million, operating income of JPY 1,300 million, profit attributable to owners of parent of JPY 750 million or JPY 60.52 per basic share.For the full year, the company expected net sales of JPY 12,000 million, operating income of JPY 2,920 million, profit attributable to owners of parent of JPY 1,700 million or JPY 137.18 per basic share.Reported Earnings • Aug 15First quarter 2023 earnings released: EPS: JP¥82.76 (vs JP¥17.61 in 1Q 2022)First quarter 2023 results: EPS: JP¥82.76 (up from JP¥17.61 in 1Q 2022). Revenue: JP¥2.82b (up 44% from 1Q 2022). Net income: JP¥1.03b (up 371% from 1Q 2022). Profit margin: 36% (up from 11% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.공시 • Jun 29IPS, Inc. to Report Q1, 2023 Results on Aug 12, 2022IPS, Inc. announced that they will report Q1, 2023 results on Aug 12, 2022Valuation Update With 7 Day Price Move • May 31Investor sentiment improved over the past weekAfter last week's 23% share price gain to JP¥2,428, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 15x in the Telecom industry in Japan. Total returns to shareholders of 155% over the past three years.Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥152 (vs JP¥120 in FY 2021)Full year 2022 results: EPS: JP¥152 (up from JP¥120 in FY 2021). Revenue: JP¥10.7b (up 13% from FY 2021). Net income: JP¥1.89b (up 27% from FY 2021). Profit margin: 18% (up from 16% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.공시 • May 14IPS, Inc., Annual General Meeting, Jun 28, 2022IPS, Inc., Annual General Meeting, Jun 28, 2022.매출 및 비용 세부 내역IPS가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSE:4390 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비31 Mar 2616,9994,1964,502031 Dec 2515,7562,8483,944030 Sep 2515,3743,1904,011030 Jun 2515,0292,5443,553031 Mar 2515,2642,5443,861031 Dec 2417,0004,3093,830030 Sep 2416,6132,8423,687030 Jun 2415,2952,8473,610031 Mar 2414,1172,8353,183031 Dec 2311,9001,6873,043030 Sep 2311,8111,5862,787030 Jun 2312,0021,9052,689031 Mar 2312,3462,2922,521031 Dec 2213,0992,4902,173030 Sep 2212,4353,0302,011030 Jun 2211,5902,6971,780031 Mar 2210,7281,8881,662031 Dec 218,6321,3361,689030 Sep 2110,2181,6131,779030 Jun 219,6631,5121,759031 Mar 219,5151,4871,741031 Dec 209,0601,2231,599030 Sep 206,7207211,441030 Jun 206,7446991,460031 Mar 206,5086451,415031 Dec 196,3506691,243030 Sep 196,1995141,312030 Jun 195,9705311,222031 Mar 195,7805881,198031 Dec 185,6365171,077031 Mar 185,3274801,126031 Mar 174,160289969031 Mar 163,590848600양질의 수익: 4390의 비현금 수익 수준이 높습니다.이익 마진 증가: 4390의 현재 순 이익률 (24.7%)은 지난해 (16.7%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 4390의 수익은 지난 5년 동안 연평균 15.5% 증가했습니다.성장 가속화: 지난 1년간 4390 의 수익 증가율(64.9%)은 연간 평균(15.5%)을 초과합니다.수익 대 산업: 4390의 지난 1년 수익 증가율(64.9%)은 Telecom 업계의 21.3%를 상회했습니다.자기자본이익률높은 ROE: 4390의 자본 수익률(19.8%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YTelecom 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 09:33종가2026/05/21 00:00수익2026/03/31연간 수익2026/03/31데이터 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 소스IPS, Inc.는 2명의 분석가가 다루고 있습니다. 이 중 1명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Masatoshi NagataIchiyoshi Research Institute Inc.Takuma YoshibayashiTokai Tokyo Intelligence Laboratory Co., Ltd.
분석 기사 • May 16There May Be Underlying Issues With The Quality Of IPS' (TSE:4390) EarningsIPS, Inc.'s ( TSE:4390 ) stock was strong after they recently reported robust earnings. However, our analysis suggests...
Reported Earnings • May 09Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2026 results: EPS: JP¥322 (up from JP¥197 in FY 2025). Revenue: JP¥17.0b (up 11% from FY 2025). Net income: JP¥4.20b (up 65% from FY 2025). Profit margin: 25% (up from 17% in FY 2025). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 28%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
공시 • May 08+ 1 more updateIPS, Inc. to Report Fiscal Year 2026 Results on May 08, 2026IPS, Inc. announced that they will report fiscal year 2026 results on May 08, 2026
Reported Earnings • Feb 07Third quarter 2026 earnings released: EPS: JP¥85.94 (vs JP¥113 in 3Q 2025)Third quarter 2026 results: EPS: JP¥85.94 (down from JP¥113 in 3Q 2025). Revenue: JP¥3.87b (up 11% from 3Q 2025). Net income: JP¥1.12b (down 23% from 3Q 2025). Profit margin: 29% (down from 42% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
공시 • Dec 03IPS, Inc. to Report Q3, 2026 Results on Feb 06, 2026IPS, Inc. announced that they will report Q3, 2026 results on Feb 06, 2026
Reported Earnings • Nov 09Second quarter 2026 earnings released: EPS: JP¥73.60 (vs JP¥23.96 in 2Q 2025)Second quarter 2026 results: EPS: JP¥73.60 (up from JP¥23.96 in 2Q 2025). Revenue: JP¥4.43b (up 8.4% from 2Q 2025). Net income: JP¥955.0m (up 209% from 2Q 2025). Profit margin: 22% (up from 7.6% in 2Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
분석 기사 • May 16There May Be Underlying Issues With The Quality Of IPS' (TSE:4390) EarningsIPS, Inc.'s ( TSE:4390 ) stock was strong after they recently reported robust earnings. However, our analysis suggests...
New Risk • May 11New 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 7.9% 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. This is currently the only risk that has been identified for the company.
Reported Earnings • May 09Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2026 results: EPS: JP¥322 (up from JP¥197 in FY 2025). Revenue: JP¥17.0b (up 11% from FY 2025). Net income: JP¥4.20b (up 65% from FY 2025). Profit margin: 25% (up from 17% in FY 2025). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 28%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
공시 • May 08+ 1 more updateIPS, Inc. to Report Fiscal Year 2026 Results on May 08, 2026IPS, Inc. announced that they will report fiscal year 2026 results on May 08, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.2%).
Reported Earnings • Feb 07Third quarter 2026 earnings released: EPS: JP¥85.94 (vs JP¥113 in 3Q 2025)Third quarter 2026 results: EPS: JP¥85.94 (down from JP¥113 in 3Q 2025). Revenue: JP¥3.87b (up 11% from 3Q 2025). Net income: JP¥1.12b (down 23% from 3Q 2025). Profit margin: 29% (down from 42% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
공시 • Dec 03IPS, Inc. to Report Q3, 2026 Results on Feb 06, 2026IPS, Inc. announced that they will report Q3, 2026 results on Feb 06, 2026
분석 기사 • Dec 03IPS' (TSE:4390) Dividend Will Be ¥20.00The board of IPS, Inc. ( TSE:4390 ) has announced that it will pay a dividend on the 25th of June, with investors...
Declared Dividend • Dec 02First half dividend of JP¥20.00 announcedDividend of JP¥20.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 1.2%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (16% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 32% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 53% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 18%After last week's 18% share price gain to JP¥3,390, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Telecom industry in Japan. Total returns to shareholders of 15% over the past three years.
Reported Earnings • Nov 09Second quarter 2026 earnings released: EPS: JP¥73.60 (vs JP¥23.96 in 2Q 2025)Second quarter 2026 results: EPS: JP¥73.60 (up from JP¥23.96 in 2Q 2025). Revenue: JP¥4.43b (up 8.4% from 2Q 2025). Net income: JP¥955.0m (up 209% from 2Q 2025). Profit margin: 22% (up from 7.6% in 2Q 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
분석 기사 • Sep 27IPS' (TSE:4390) Dividend Will Be ¥20.00IPS, Inc.'s ( TSE:4390 ) investors are due to receive a payment of ¥20.00 per share on 3rd of December. This means the...
공시 • Sep 27IPS, Inc. to Report Q2, 2026 Results on Nov 07, 2025IPS, Inc. announced that they will report Q2, 2026 results on Nov 07, 2025
New Risk • Sep 25New 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 7.6% 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. This is currently the only risk that has been identified for the company.
Valuation Update With 7 Day Price Move • Sep 24Investor sentiment improves as stock rises 15%After last week's 15% share price gain to JP¥3,740, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Telecom industry in Japan. Total returns to shareholders of 34% over the past three years.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.2%).
분석 기사 • Aug 15A Piece Of The Puzzle Missing From IPS, Inc.'s (TSE:4390) 26% Share Price ClimbIPS, Inc. ( TSE:4390 ) shares have had a really impressive month, gaining 26% after a shaky period beforehand. The last...
Reported Earnings • Aug 09First quarter 2026 earnings released: EPS: JP¥50.29 (vs JP¥37.29 in 1Q 2025)First quarter 2026 results: EPS: JP¥50.29 (up from JP¥37.29 in 1Q 2025). Revenue: JP¥3.42b (down 12% from 1Q 2025). Net income: JP¥652.0m (up 36% from 1Q 2025). Profit margin: 19% (up from 12% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year.
Valuation Update With 7 Day Price Move • Jul 31Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥2,770, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 12x in the Telecom industry in Japan. Total returns to shareholders of 13% over the past three years.
분석 기사 • Jul 23IPS' (TSE:4390) Dividend Will Be ¥20.00The board of IPS, Inc. ( TSE:4390 ) has announced that it will pay a dividend of ¥20.00 per share on the 3rd of...
분석 기사 • Jul 09IPS' (TSE:4390) Dividend Will Be ¥20.00IPS, Inc.'s ( TSE:4390 ) investors are due to receive a payment of ¥20.00 per share on 3rd of December. This means the...
Declared Dividend • Jul 09Final dividend of JP¥20.00 announcedDividend of JP¥20.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 1.8%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (12% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 41% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 64% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jun 25Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥197 (down from JP¥225 in FY 2024). Revenue: JP¥15.3b (up 8.1% from FY 2024). Net income: JP¥2.54b (down 10% from FY 2024). Profit margin: 17% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공시 • Jun 18IPS, Inc. to Report Q1, 2026 Results on Aug 08, 2025IPS, Inc. announced that they will report Q1, 2026 results on Aug 08, 2025
Reported Earnings • May 10Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥197 (down from JP¥225 in FY 2024). Revenue: JP¥15.3b (up 8.1% from FY 2024). Net income: JP¥2.54b (down 10% from FY 2024). Profit margin: 17% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 7.5%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
공시 • May 09IPS, Inc., Annual General Meeting, Jun 24, 2025IPS, Inc., Annual General Meeting, Jun 24, 2025.
New Risk • Apr 08New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.6% 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 Risks Debt is not well covered by operating cash flow (5.5% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change).
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥1,790, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Telecom industry in Japan. Total loss to shareholders of 10% over the past three years.
New Risk • Mar 31New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.5% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.3%).
분석 기사 • Mar 13IPS (TSE:4390) Will Pay A Dividend Of ¥20.00The board of IPS, Inc. ( TSE:4390 ) has announced that it will pay a dividend of ¥20.00 per share on the 27th of June...
공시 • Mar 13IPS, Inc. to Report Fiscal Year 2025 Results on May 09, 2025IPS, Inc. announced that they will report fiscal year 2025 results on May 09, 2025
New Risk • Feb 08New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 5.5% 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 (5.5% operating cash flow to total debt). Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (6.0% average weekly change).
Reported Earnings • Feb 08Third quarter 2025 earnings released: EPS: JP¥113 (vs JP¥0.24 loss in 3Q 2024)Third quarter 2025 results: EPS: JP¥113 (up from JP¥0.24 loss in 3Q 2024). Revenue: JP¥3.49b (up 13% from 3Q 2024). Net income: JP¥1.46b (up JP¥1.47b from 3Q 2024). Profit margin: 42% (up from net loss in 3Q 2024). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
분석 기사 • Jan 17IPS (TSE:4390) Has Announced A Dividend Of ¥20.00IPS, Inc. ( TSE:4390 ) has announced that it will pay a dividend of ¥20.00 per share on the 27th of June. Although the...
분석 기사 • Jan 03IPS' (TSE:4390) Dividend Will Be ¥20.00The board of IPS, Inc. ( TSE:4390 ) has announced that it will pay a dividend on the 27th of June, with investors...
분석 기사 • Dec 18IPS' (TSE:4390) Dividend Will Be ¥20.00IPS, Inc. ( TSE:4390 ) has announced that it will pay a dividend of ¥20.00 per share on the 27th of June. Despite this...
공시 • Dec 12IPS, Inc. to Report Q3, 2025 Results on Feb 07, 2025IPS, Inc. announced that they will report Q3, 2025 results on Feb 07, 2025
분석 기사 • Dec 04IPS (TSE:4390) Will Pay A Dividend Of ¥20.00The board of IPS, Inc. ( TSE:4390 ) has announced that it will pay a dividend of ¥20.00 per share on the 27th of June...
Declared Dividend • Dec 04First half dividend of JP¥20.00 announcedShareholders will receive a dividend of JP¥20.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 1.5%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (9% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 41% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
분석 기사 • Nov 21Impressive Earnings May Not Tell The Whole Story For IPS (TSE:4390)Unsurprisingly, IPS, Inc.'s ( TSE:4390 ) stock price was strong on the back of its healthy earnings report. However, we...
Reported Earnings • Nov 10Second quarter 2025 earnings released: EPS: JP¥23.96 (vs JP¥25.23 in 2Q 2024)Second quarter 2025 results: EPS: JP¥23.96 (down from JP¥25.23 in 2Q 2024). Revenue: JP¥4.09b (up 48% from 2Q 2024). Net income: JP¥309.0m (down 1.6% from 2Q 2024). Profit margin: 7.6% (down from 11% 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 2.5% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year.
New Risk • Nov 06New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.6% 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: Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Shareholders have been diluted in the past year (3.7% increase in shares outstanding).
분석 기사 • Sep 26IPS' (TSE:4390) Dividend Will Be Increased To ¥20.00IPS, Inc. ( TSE:4390 ) will increase its dividend from last year's comparable payment on the 4th of December to ¥20.00...
Upcoming Dividend • Sep 20Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.3%).
분석 기사 • Sep 11IPS' (TSE:4390) Dividend Will Be Increased To ¥20.00IPS, Inc. ( TSE:4390 ) will increase its dividend from last year's comparable payment on the 4th of December to ¥20.00...
공시 • Sep 04IPS, Inc. to Report Q2, 2025 Results on Nov 08, 2024IPS, Inc. announced that they will report Q2, 2025 results on Nov 08, 2024
분석 기사 • Aug 28IPS (TSE:4390) Will Pay A Larger Dividend Than Last Year At ¥20.00The board of IPS, Inc. ( TSE:4390 ) has announced that it will be paying its dividend of ¥20.00 on the 4th of December...
분석 기사 • Aug 14IPS' (TSE:4390) Dividend Will Be Increased To ¥20.00IPS, Inc. ( TSE:4390 ) has announced that it will be increasing its dividend from last year's comparable payment on the...
Reported Earnings • Aug 11First quarter 2025 earnings released: EPS: JP¥50.65 (vs JP¥51.45 in 1Q 2024)First quarter 2025 results: EPS: JP¥50.65. Revenue: JP¥3.66b (up 48% from 1Q 2024). Net income: JP¥652.0m (up 1.9% from 1Q 2024). Profit margin: 18% (down from 26% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Japan.
분석 기사 • Aug 05Earnings Working Against IPS, Inc.'s (TSE:4390) Share Price Following 25% DiveThe IPS, Inc. ( TSE:4390 ) share price has fared very poorly over the last month, falling by a substantial 25%. Instead...
Valuation Update With 7 Day Price Move • Aug 02Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥1,862, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Telecom industry in Japan. Total loss to shareholders of 25% over the past three years.
분석 기사 • Jul 26IPS (TSE:4390) Will Pay A Larger Dividend Than Last Year At ¥20.00IPS, Inc.'s ( TSE:4390 ) dividend will be increasing from last year's payment of the same period to ¥20.00 on 4th of...
분석 기사 • Jul 12IPS' (TSE:4390) Shareholders Will Receive A Bigger Dividend Than Last YearIPS, Inc.'s ( TSE:4390 ) dividend will be increasing from last year's payment of the same period to ¥20.00 on 4th of...
Declared Dividend • Jul 11Final dividend of JP¥20.00 announcedShareholders will receive a dividend of JP¥20.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by earnings (26% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 59% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
공시 • Jun 26+ 1 more updateIPS, Inc. to Report Q1, 2025 Results on Aug 09, 2024IPS, Inc. announced that they will report Q1, 2025 results on Aug 09, 2024
분석 기사 • May 21IPS' (TSE:4390) Earnings Are Weaker Than They SeemUnsurprisingly, IPS, Inc.'s ( TSE:4390 ) stock price was strong on the back of its healthy earnings report. However...
Reported Earnings • May 13Full year 2024 earnings released: EPS: JP¥225 (vs JP¥184 in FY 2023)Full year 2024 results: EPS: JP¥225 (up from JP¥184 in FY 2023). Revenue: JP¥14.1b (up 14% from FY 2023). Net income: JP¥2.84b (up 24% from FY 2023). Profit margin: 20% (up from 19% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공시 • May 12IPS, Inc., Annual General Meeting, Jun 26, 2024IPS, Inc., Annual General Meeting, Jun 26, 2024.
공시 • May 11IPS, Inc. Proposes Dividend for the Year Ended March 31, 2024The Board of Directors of IPS, Inc. resolved at its meeting held on May 10, 2024 to submit a proposal to the 33rd Annual General Meeting of Shareholders to be held on 26 June 2024 for the distribution of surplus funds with a record date of 31 March 2024, as follows. Dividends per share: JPY 19.50. Total Dividends: JPY 250 million. Effective Date: June 27, 2024.
공시 • Mar 24IPS, Inc. to Report Fiscal Year 2024 Results on May 10, 2024IPS, Inc. announced that they will report fiscal year 2024 results on May 10, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥17.50 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.6%).
분석 기사 • Feb 27IPS (TSE:4390) Is Due To Pay A Dividend Of ¥17.50The board of IPS, Inc. ( TSE:4390 ) has announced that it will pay a dividend of ¥17.50 per share on the 28th of June...
Reported Earnings • Feb 11Third quarter 2024 earnings released: JP¥0.24 loss per share (vs JP¥8.36 loss in 3Q 2023)Third quarter 2024 results: JP¥0.24 loss per share (improved from JP¥8.36 loss in 3Q 2023). Revenue: JP¥3.10b (up 3.0% from 3Q 2023). Net loss: JP¥3.00m (loss narrowed 97% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
New Risk • Dec 22New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.4% 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 High level of non-cash earnings (62% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin). Shareholders have been diluted in the past year (3.4% increase in shares outstanding).
공시 • Dec 08IPS, Inc. to Report Q3, 2024 Results on Feb 09, 2024IPS, Inc. announced that they will report Q3, 2024 results on Feb 09, 2024
Valuation Update With 7 Day Price Move • Nov 17Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥2,121, the stock trades at a trailing P/E ratio of 16.6x. Average trailing P/E is 12x in the Telecom industry in Japan. Total returns to shareholders of 7.7% over the past three years.
New Risk • Nov 13New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.1% 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: Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (13% net profit margin).
Reported Earnings • Nov 12Second quarter 2024 earnings released: EPS: JP¥25.23 (vs JP¥50.96 in 2Q 2023)Second quarter 2024 results: EPS: JP¥25.23 (down from JP¥50.96 in 2Q 2023). Revenue: JP¥2.77b (down 6.5% from 2Q 2023). Net income: JP¥314.0m (down 50% from 2Q 2023). Profit margin: 11% (down from 21% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
공시 • Sep 24IPS, Inc. to Report Q2, 2024 Results on Nov 10, 2023IPS, Inc. announced that they will report Q2, 2024 results on Nov 10, 2023
Upcoming Dividend • Sep 21Upcoming dividend of JP¥17.50 per share at 1.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 23% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.7%).
New Risk • Aug 13New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 16% Last year net profit margin: 23% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company.
Reported Earnings • Aug 12First quarter 2024 earnings released: EPS: JP¥51.45 (vs JP¥82.76 in 1Q 2023)First quarter 2024 results: EPS: JP¥51.45 (down from JP¥82.76 in 1Q 2023). Revenue: JP¥2.48b (down 12% from 1Q 2023). Net income: JP¥640.0m (down 38% from 1Q 2023). Profit margin: 26% (down from 36% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
공시 • Jun 11IPS, Inc. to Report Q1, 2024 Results on Aug 10, 2023IPS, Inc. announced that they will report Q1, 2024 results on Aug 10, 2023
Reported Earnings • May 16Full year 2023 earnings released: EPS: JP¥184 (vs JP¥152 in FY 2022)Full year 2023 results: EPS: JP¥184 (up from JP¥152 in FY 2022). Revenue: JP¥12.3b (up 15% from FY 2022). Net income: JP¥2.29b (up 21% from FY 2022). Profit margin: 19% (up from 18% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth.
공시 • May 14IPS, Inc., Annual General Meeting, Jun 27, 2023IPS, Inc., Annual General Meeting, Jun 27, 2023.
Buying Opportunity • May 10Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥3,219, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 49%.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥17.50 per share at 1.5% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.9%).
Buying Opportunity • Feb 22Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 18%. The fair value is estimated to be JP¥3,213, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 49%.
공시 • Feb 20+ 1 more updateIPS, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023IPS, Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. The company expects net sales to be JPY 12,000 million, Operating profit to be JPY 3,300 million, profit attributable to owners of parent to be JPY 2,200 million or JPY 177.05 per share.
Reported Earnings • Feb 12Third quarter 2023 earnings released: JP¥8.36 loss per share (vs JP¥35.17 profit in 3Q 2022)Third quarter 2023 results: JP¥8.36 loss per share (down from JP¥35.17 profit in 3Q 2022). Revenue: JP¥3.01b (up 28% from 3Q 2022). Net loss: JP¥104.0m (down 124% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
공시 • Feb 11IPS, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023IPS, Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects net sales of JPY 12,000 million, operating profit of JPY 3,300 million, profit attributable to owners of parent of JPY 2,200 million and basic earnings per share of JPY 177.05.
공시 • Dec 04IPS, Inc. to Report Q3, 2023 Results on Feb 10, 2023IPS, Inc. announced that they will report Q3, 2023 results on Feb 10, 2023
Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥50.96 (vs JP¥24.22 in 2Q 2022)Second quarter 2023 results: EPS: JP¥50.96 (up from JP¥24.22 in 2Q 2022). Revenue: JP¥2.96b (up 40% from 2Q 2022). Net income: JP¥633.0m (up 111% from 2Q 2022). Profit margin: 21% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth.
Board Change • Nov 16Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 6 new directors. 3 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Senior Managing Director, GM of Business Promotion Division & Director Masako Uemori is the most experienced director on the board, commencing their role in 2007. Independent Outside Director Kazutaka Muraguchi was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Nov 13Second quarter 2023 earnings released: EPS: JP¥50.96 (vs JP¥24.22 in 2Q 2022)Second quarter 2023 results: EPS: JP¥50.96 (up from JP¥24.22 in 2Q 2022). Revenue: JP¥2.96b (up 40% from 2Q 2022). Net income: JP¥633.0m (up 111% from 2Q 2022). Profit margin: 21% (up from 14% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
공시 • Nov 12+ 2 more updatesIPS, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023IPS, Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects net sales of JPY 12,000 million, operating profit of JPY 3,300 million, profit attributable to owners of parent of JPY 2,700 million and basic earnings per share of JPY 217.30.
공시 • Aug 28IPS, Inc. to Report Q2, 2023 Results on Nov 11, 2022IPS, Inc. announced that they will report Q2, 2023 results on Nov 11, 2022
공시 • Aug 20+ 1 more updateIPS, Inc. Provides Consolidated Earnings Guidance for the First Six Months and Full Year Ending March 31, 2023IPS, Inc. provided consolidated earnings guidance for the first six months and full year ending March 31, 2023. For the period, the company expected net sales of JPY 5,400 million, operating income of JPY 1,300 million, profit attributable to owners of parent of JPY 750 million or JPY 60.52 per basic share.For the full year, the company expected net sales of JPY 12,000 million, operating income of JPY 2,920 million, profit attributable to owners of parent of JPY 1,700 million or JPY 137.18 per basic share.
Reported Earnings • Aug 15First quarter 2023 earnings released: EPS: JP¥82.76 (vs JP¥17.61 in 1Q 2022)First quarter 2023 results: EPS: JP¥82.76 (up from JP¥17.61 in 1Q 2022). Revenue: JP¥2.82b (up 44% from 1Q 2022). Net income: JP¥1.03b (up 371% from 1Q 2022). Profit margin: 36% (up from 11% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
공시 • Jun 29IPS, Inc. to Report Q1, 2023 Results on Aug 12, 2022IPS, Inc. announced that they will report Q1, 2023 results on Aug 12, 2022
Valuation Update With 7 Day Price Move • May 31Investor sentiment improved over the past weekAfter last week's 23% share price gain to JP¥2,428, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 15x in the Telecom industry in Japan. Total returns to shareholders of 155% over the past three years.
Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥152 (vs JP¥120 in FY 2021)Full year 2022 results: EPS: JP¥152 (up from JP¥120 in FY 2021). Revenue: JP¥10.7b (up 13% from FY 2021). Net income: JP¥1.89b (up 27% from FY 2021). Profit margin: 18% (up from 16% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth.
공시 • May 14IPS, Inc., Annual General Meeting, Jun 28, 2022IPS, Inc., Annual General Meeting, Jun 28, 2022.