New Risk • Aug 10
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 60% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (60% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (5.6% net profit margin). Reported Earnings • Aug 08
First quarter 2027 earnings released: EPS: JP¥0.95 (vs JP¥1.46 in 1Q 2026) First quarter 2027 results: EPS: JP¥0.95 (down from JP¥1.46 in 1Q 2026). Revenue: JP¥3.15b (up 15% from 1Q 2026). Net income: JP¥158.0m (down 35% from 1Q 2026). Profit margin: 5.0% (down from 8.8% in 1Q 2026). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. 공고 • Jun 22
Japan Communications Inc. to Report Q1, 2027 Results on Aug 06, 2026 Japan Communications Inc. announced that they will report Q1, 2027 results on Aug 06, 2026 New Risk • May 09
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 61% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. 공고 • May 08
Japan Communications Inc., Annual General Meeting, Jun 26, 2026 Japan Communications Inc., Annual General Meeting, Jun 26, 2026. Reported Earnings • May 08
Full year 2026 earnings released: EPS: JP¥4.58 (vs JP¥5.13 in FY 2025) Full year 2026 results: EPS: JP¥4.58 (down from JP¥5.13 in FY 2025). Revenue: JP¥11.6b (up 26% from FY 2025). Net income: JP¥763.0m (down 10% from FY 2025). Profit margin: 6.6% (down from 9.2% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. 공고 • Mar 31
Japan Communications Inc. to Report Fiscal Year 2026 Results on May 07, 2026 Japan Communications Inc. announced that they will report fiscal year 2026 results on May 07, 2026 Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥1.58 (vs JP¥1.87 in 3Q 2025) Third quarter 2026 results: EPS: JP¥1.58 (down from JP¥1.87 in 3Q 2025). Revenue: JP¥2.99b (up 24% from 3Q 2025). Net income: JP¥263.4m (down 15% from 3Q 2025). Profit margin: 8.8% (down from 13% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. 공고 • Dec 17
Japan Communications Inc. to Report Q3, 2026 Results on Feb 05, 2026 Japan Communications Inc. announced that they will report Q3, 2026 results on Feb 05, 2026 New Risk • Nov 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.4% 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 High level of non-cash earnings (83% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (5.4% average weekly change). Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥1.21 (vs JP¥0.36 in 2Q 2025) Second quarter 2026 results: EPS: JP¥1.21 (up from JP¥0.36 in 2Q 2025). Revenue: JP¥2.89b (up 33% from 2Q 2025). Net income: JP¥202.3m (up 237% from 2Q 2025). Profit margin: 7.0% (up from 2.8% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. 공고 • Sep 19
Japan Communications Inc. to Report Q2, 2026 Results on Nov 06, 2025 Japan Communications Inc. announced that they will report Q2, 2026 results on Nov 06, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥1.45 (vs JP¥1.13 in 1Q 2025) First quarter 2026 results: EPS: JP¥1.45 (up from JP¥1.13 in 1Q 2025). Revenue: JP¥2.74b (up 32% from 1Q 2025). Net income: JP¥241.0m (up 30% from 1Q 2025). Profit margin: 8.8% (down from 8.9% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. 공고 • Jun 21
Japan Communications Inc. to Report Q1, 2026 Results on Aug 07, 2025 Japan Communications Inc. announced that they will report Q1, 2026 results on Aug 07, 2025 공고 • May 09
Japan Communications Inc., Annual General Meeting, Jun 25, 2025 Japan Communications Inc., Annual General Meeting, Jun 25, 2025. Reported Earnings • May 09
Full year 2025 earnings released: EPS: JP¥5.13 (vs JP¥8.27 in FY 2024) Full year 2025 results: EPS: JP¥5.13 (down from JP¥8.27 in FY 2024). Revenue: JP¥9.24b (up 25% from FY 2024). Net income: JP¥849.0m (down 38% from FY 2024). Profit margin: 9.2% (down from 18% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. 공고 • May 08
Japan Communications Inc. Announces Retirement of Taku Morota, Director, Effective June 25, 2025 Japan Communications Inc. announced that Taku Morota, Director will retire due to the expiration of term of office at the end of the 29th Ordinary General Shareholders Meeting to be held on June 25, 2025. The terms of office of other Directors, Naohisa Fukuda and Yoshihiko Yamada will expire at the end of the Ordinary General Shareholders Meeting in 2026. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥120, the stock trades at a trailing P/E ratio of 23.2x. Average trailing P/E is 18x in the Wireless Telecom industry in Japan. Total loss to shareholders of 35% over the past three years. 공고 • Mar 15
Japan Communications Inc. to Report Fiscal Year 2025 Results on May 08, 2025 Japan Communications Inc. announced that they will report fiscal year 2025 results on May 08, 2025 Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥155, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 18x in the Wireless Telecom industry in Japan. Total loss to shareholders of 13% over the past three years. Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥1.87 (vs JP¥1.47 in 3Q 2024) Third quarter 2025 results: EPS: JP¥1.87 (up from JP¥1.47 in 3Q 2024). Revenue: JP¥2.42b (up 28% from 3Q 2024). Net income: JP¥310.0m (up 28% from 3Q 2024). Profit margin: 13% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Feb 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% 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 High level of non-cash earnings (86% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (9.7% net profit margin). 공고 • Dec 17
Japan Communications Inc. to Report Q3, 2025 Results on Feb 06, 2025 Japan Communications Inc. announced that they will report Q3, 2025 results on Feb 06, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥0.36 (vs JP¥1.34 in 2Q 2024) Second quarter 2025 results: EPS: JP¥0.36 (down from JP¥1.34 in 2Q 2024). Revenue: JP¥2.18b (up 22% from 2Q 2024). Net income: JP¥60.0m (down 73% from 2Q 2024). Profit margin: 2.8% (down from 12% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. 공고 • Sep 20
Japan Communications Inc. to Report Q2, 2025 Results on Nov 07, 2024 Japan Communications Inc. announced that they will report Q2, 2025 results on Nov 07, 2024 Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: JP¥1.13 (vs JP¥3.62 in 1Q 2024) First quarter 2025 results: EPS: JP¥1.13 (down from JP¥3.62 in 1Q 2024). Revenue: JP¥2.08b (up 21% from 1Q 2024). Net income: JP¥186.0m (down 69% from 1Q 2024). Profit margin: 8.9% (down from 35% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.9% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥144, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 18x in the Wireless Telecom industry in Japan. Total loss to shareholders of 26% over the past three years. Buy Or Sell Opportunity • Aug 05
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to JP¥144. The fair value is estimated to be JP¥191, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Jul 17
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.1% to JP¥204. The fair value is estimated to be JP¥169, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. 공고 • Jun 20
Japan Communications Inc. to Report Q1, 2025 Final Results on Aug 08, 2024 Japan Communications Inc. announced that they will report Q1, 2025 final results on Aug 08, 2024 공고 • May 16
Japan Communications Inc. Launches New Data-Only eSIM Japan Communications Inc. announced the launch of the eSIM version of its b-mobile S 190PadSIM X, specifically designed for use with cellular iPads and Android tablets, among others. This new product will be available starting from May 15th. Since introducing Japan’s first SIM product in 2010, JCI has been at the forefront of technological innovation. The eSIM services, launched on April 6, 2022, have been well-received by many customers using iPhones, iPads, and Android smartphones. The new model iPad, which will be launched on May 15th, will support only eSIMs, indicating a rapid adoption of eSIM technology. In addition to traditional SIM cards, the company is now offering an eSIM version for the "190PadSIM". This new eSIM is compatible with the DOCOMO network. The “190PadSIM” plan includes 1GB of data per month for a basic monthly fee of ¥190 (excluding tax, ¥209 including tax). With its "Usage Cap Feature", customers can set a maximum data usage limit according to their budget and usage needs. Customers will be charged ¥190 (excluding tax, ¥209 including tax) per GB within the set limit. JCI will continue to provide more attractive services moving forward. Reported Earnings • May 11
Full year 2024 earnings released: EPS: JP¥8.27 (vs JP¥4.19 in FY 2023) Full year 2024 results: EPS: JP¥8.27 (up from JP¥4.19 in FY 2023). Revenue: JP¥7.40b (up 22% from FY 2023). Net income: JP¥1.37b (up 98% from FY 2023). Profit margin: 18% (up from 11% in FY 2023). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. 공고 • May 11
Japan Communications Inc., Annual General Meeting, Jun 26, 2024 Japan Communications Inc., Annual General Meeting, Jun 26, 2024. Buy Or Sell Opportunity • Apr 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to JP¥199. The fair value is estimated to be JP¥249, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Apr 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to JP¥197. The fair value is estimated to be JP¥249, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. 공고 • Mar 23
Japan Communications Inc. to Report Fiscal Year 2024 Results on May 09, 2024 Japan Communications Inc. announced that they will report fiscal year 2024 results on May 09, 2024 New Risk • Feb 11
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 147% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥1.47 (vs JP¥1.27 in 3Q 2023) Third quarter 2024 results: EPS: JP¥1.47 (up from JP¥1.27 in 3Q 2023). Revenue: JP¥1.88b (up 21% from 3Q 2023). Net income: JP¥243.0m (up 16% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. 공고 • Dec 22
Japan Communications Inc. to Report Q3, 2024 Results on Feb 08, 2024 Japan Communications Inc. announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥1.35 (vs JP¥0.84 in 2Q 2023) Second quarter 2024 results: EPS: JP¥1.35 (up from JP¥0.84 in 2Q 2023). Revenue: JP¥1.79b (up 27% from 2Q 2023). Net income: JP¥222.0m (up 60% from 2Q 2023). Profit margin: 12% (up from 9.9% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. 공고 • Sep 23
Japan Communications Inc. to Report Q2, 2024 Results on Nov 09, 2023 Japan Communications Inc. announced that they will report Q2, 2024 results on Nov 09, 2023 New Risk • Aug 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 41% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: JP¥3.62 (vs JP¥0.98 in 1Q 2023) First quarter 2024 results: EPS: JP¥3.62 (up from JP¥0.98 in 1Q 2023). Revenue: JP¥1.72b (up 27% from 1Q 2023). Net income: JP¥597.0m (up 271% from 1Q 2023). Profit margin: 35% (up from 12% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 119% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. 공고 • Jun 23
Japan Communications Inc. to Report Q1, 2024 Results on Aug 03, 2023 Japan Communications Inc. announced that they will report Q1, 2024 results on Aug 03, 2023 공고 • May 13
Japan Communications Inc., Annual General Meeting, Jun 28, 2023 Japan Communications Inc., Annual General Meeting, Jun 28, 2023. Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥4.19 (vs JP¥1.79 in FY 2022) Full year 2023 results: EPS: JP¥4.19 (up from JP¥1.79 in FY 2022). Revenue: JP¥6.07b (up 31% from FY 2022). Net income: JP¥690.0m (up 135% from FY 2022). Profit margin: 11% (up from 6.3% 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 118% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥1.27 (vs JP¥0.93 in 3Q 2022) Third quarter 2023 results: EPS: JP¥1.27 (up from JP¥0.93 in 3Q 2022). Revenue: JP¥1.56b (up 32% from 3Q 2022). Net income: JP¥210.0m (up 38% from 3Q 2022). Profit margin: 14% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. 공고 • Dec 21
Japan Communications Inc. to Report Q3, 2023 Results on Feb 09, 2023 Japan Communications Inc. announced that they will report Q3, 2023 results on Feb 09, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥0.84 (vs JP¥0.21 in 2Q 2022) Second quarter 2023 results: EPS: JP¥0.84 (up from JP¥0.21 in 2Q 2022). Revenue: JP¥1.41b (up 23% from 2Q 2022). Net income: JP¥139.0m (up 297% from 2Q 2022). Profit margin: 9.9% (up from 3.1% 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 100% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 5 highly experienced directors. External Auditor Shinichi Inoue was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥0.85 (vs JP¥0.21 in 2Q 2022) Second quarter 2023 results: EPS: JP¥0.85 (up from JP¥0.21 in 2Q 2022). Revenue: JP¥1.41b (up 23% from 2Q 2022). Net income: JP¥140.0m (up 300% from 2Q 2022). Profit margin: 9.9% (up from 3.1% 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 100% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. 공고 • Sep 10
Japan Communications Inc. to Report Q2, 2023 Results on Nov 10, 2022 Japan Communications Inc. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥0.98 (vs JP¥0.17 in 1Q 2022) First quarter 2023 results: EPS: JP¥0.98 (up from JP¥0.17 in 1Q 2022). Revenue: JP¥1.35b (up 28% from 1Q 2022). Net income: JP¥161.0m (up 475% from 1Q 2022). Profit margin: 12% (up from 2.7% 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 85% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. 공고 • Jun 18
Japan Communications Inc. to Report Q1, 2023 Results on Aug 04, 2022 Japan Communications Inc. announced that they will report Q1, 2023 results on Aug 04, 2022 공고 • May 12
Japan Communications Inc., Annual General Meeting, Jun 28, 2022 Japan Communications Inc., Annual General Meeting, Jun 28, 2022. Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥1.79 (vs JP¥1.66 loss in FY 2021) Full year 2022 results: EPS: JP¥1.79 (up from JP¥1.66 loss in FY 2021). Revenue: JP¥4.63b (up 33% from FY 2021). Net income: JP¥294.0m (up JP¥567.0m from FY 2021). Profit margin: 6.3% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. External Auditor Shinichi Inoue was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 공고 • Apr 08
Japan Communications Inc. to Report Fiscal Year 2022 Results on May 10, 2022 Japan Communications Inc. announced that they will report fiscal year 2022 results on May 10, 2022 공고 • Apr 04
Japan Communications Inc. to Report Fiscal Year 2022 Results on Apr 28, 2022 Japan Communications Inc. announced that they will report fiscal year 2022 results on Apr 28, 2022 Reported Earnings • Feb 04
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥0.93 (up from JP¥0.84 in 3Q 2021). Revenue: JP¥1.18b (up 37% from 3Q 2021). Net income: JP¥153.0m (up 11% from 3Q 2021). Profit margin: 13% (down from 16% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jan 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥230, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% per annum over the last 3 years. The company has become profitable over the last year. Reported Earnings • Nov 05
Second quarter 2022 earnings released: EPS JP¥0.22 (vs JP¥1.21 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥1.15b (up 43% from 2Q 2021). Net income: JP¥36.0m (up JP¥235.0m from 2Q 2021). Profit margin: 3.1% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS JP¥0.17 (vs JP¥1.38 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥1.06b (up 40% from 1Q 2021). Net income: JP¥28.0m (up JP¥255.0m from 1Q 2021). Profit margin: 2.7% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 08
Full year 2021 earnings released: JP¥1.66 loss per share (vs JP¥5.17 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were flat. Full year 2021 results: Revenue: JP¥3.50b (flat on FY 2020). Net loss: JP¥273.0m (loss narrowed 68% from FY 2020). 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 22% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 26
New 90-day high: JP¥274 The company is up 30% from its price of JP¥211 on 27 November 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Wireless Telecom industry, which is up 27% over the same period. Is New 90 Day High Low • Feb 10
New 90-day high: JP¥215 The company is up 1.0% from its price of JP¥213 on 12 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 28% over the same period. Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS JP¥0.85 (vs JP¥1.35 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥863.0m (up 3.7% from 3Q 2020). Net income: JP¥139.0m (up JP¥359.0m from 3Q 2020). Profit margin: 16% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. 공고 • Dec 25
Japan Communications Inc. to Report Q3, 2021 Results on Feb 04, 2021 Japan Communications Inc. announced that they will report Q3, 2021 results on Feb 04, 2021 Is New 90 Day High Low • Dec 18
New 90-day low: JP¥183 The company is down 19% from its price of JP¥225 on 18 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 Wireless Telecom industry, which is up 20% over the same period. Is New 90 Day High Low • Dec 03
New 90-day low: JP¥190 The company is down 17% from its price of JP¥229 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 Wireless Telecom industry, which is up 9.0% over the same period. 공고 • Sep 04
Japan Communications Inc. to Report Q2, 2021 Results on Nov 05, 2020 Japan Communications Inc. announced that they will report Q2, 2021 results on Nov 05, 2020