Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Jun Sakaki was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • May 14
ZIGExN Co., Ltd. to Report Q1, 2027 Results on Aug 13, 2026 ZIGExN Co., Ltd. announced that they will report Q1, 2027 results on Aug 13, 2026 Aankondiging • May 12
ZIGExN Co., Ltd., Annual General Meeting, Jun 24, 2026 ZIGExN Co., Ltd., Annual General Meeting, Jun 24, 2026. Aankondiging • May 09
ZIGExN Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026 ZIGExN Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026 Aankondiging • Nov 12
ZIGExN Co., Ltd. to Report Q3, 2026 Results on Feb 09, 2026 ZIGExN Co., Ltd. announced that they will report Q3, 2026 results on Feb 09, 2026 Aankondiging • Oct 01
ZIGExN Co., Ltd. (TSE:3679) agreed to acquire Alpha Staff Co.,Ltd. from Alpha 1 Group, K.K. for ¥80 million. ZIGExN Co., Ltd. (TSE:3679) agreed to acquire Alpha Staff Co.,Ltd. from Alpha 1 Group, K.K. for ¥80 million on September 30, 2025. A cash consideration of ¥80 million valued at ¥80 per share will be paid by ZIGExN Co., Ltd. As part of consideration, ¥80 million is paid towards common equity of Alpha Staff Co.,Ltd. The transaction will be financed through equity investment of ¥80 million. For the period ending March 31, 2025, Alpha Staff Co.,Ltd. reported total revenue of ¥1.93 billion, operating loss of ¥53 million and net loss of ¥54 million. As of March 31, 2025, Alpha Staff Co.,Ltd. reported total assets of ¥1.3 billion and total common equity of ¥135 million. The expected completion of the transaction is November 10, 2025. Aankondiging • Aug 14
ZIGExN Co., Ltd. to Report Q2, 2026 Results on Nov 11, 2025 ZIGExN Co., Ltd. announced that they will report Q2, 2026 results on Nov 11, 2025 Aankondiging • May 28
ZIGExN Co., Ltd. to Report Q1, 2026 Results on Aug 12, 2025 ZIGExN Co., Ltd. announced that they will report Q1, 2026 results on Aug 12, 2025 Aankondiging • May 15
ZIGExN Co., Ltd. (TSE:3679) announces an Equity Buyback for 1,500,000 shares, representing 1.49% for ¥700 million. ZIGExN Co., Ltd. (TSE:3679) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 1.49% of its issued share capital (excluding treasury stock), for ¥700 million. The purpose of the program is to enhance shareholder value and implement a flexible capital policy. The program will run until March 31, 2026. As of March 31, 2025, the company had 100,426,845 shares in issue (excluding treasury stock) and 11,273,155 shares in treasury. Aankondiging • May 13
ZIGExN Co., Ltd., Annual General Meeting, Jun 25, 2025 ZIGExN Co., Ltd., Annual General Meeting, Jun 25, 2025. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €2.72, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 24x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 14% over the past year. New Risk • Jan 02
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 German stocks, typically moving 7.3% 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. Board Change • Dec 30
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Jun Sakaki was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Dec 21
ZIGExN Co., Ltd. to Report Q3, 2025 Results on Feb 07, 2025 ZIGExN Co., Ltd. announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥8.90 (vs JP¥9.11 in 2Q 2024) Second quarter 2025 results: EPS: JP¥8.90 (down from JP¥9.11 in 2Q 2024). Revenue: JP¥6.10b (up 6.2% from 2Q 2024). Net income: JP¥905.0m (down 4.4% from 2Q 2024). Profit margin: 15% (down from 17% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Interactive Media and Services industry in Europe. Declared Dividend • Nov 10
Dividend of JP¥7.50 announced Shareholders will receive a dividend of JP¥7.50. Ex-date: 28th March 2025 Payment date: 13th June 2025 Dividend yield will be 239%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (11% cash payout ratio). The dividend has increased by an average of 25% per year over the past 6 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. Aankondiging • Sep 21
ZIGExN Co., Ltd. to Report Q2, 2025 Results on Nov 07, 2024 ZIGExN Co., Ltd. announced that they will report Q2, 2025 results on Nov 07, 2024 Aankondiging • Aug 27
ZIGExN Co., Ltd. (TSE:3679) agreed to acquire Hikakaku Co., Ltd. from Jiraffe Inc for approximately ¥380 million. ZIGExN Co., Ltd. (TSE:3679) agreed to acquire Hikakaku Co., Ltd. from Jiraffe Inc. for approximately ¥380 million on August 26, 2024. For the period ending March 31, 2024, Hikakaku Co., Ltd. reported total revenue of ¥331 million and EBIT of ¥102 million. The expected completion of the transaction is October 1, 2024. Aankondiging • Aug 20
ZIGExN Co., Ltd. (TSE:3679) agreed to acquire 66% stake in Hoken-Mammoth from Toru Furukawa for ¥660 million. ZIGExN Co., Ltd. (TSE:3679) agreed to acquire 66% stake in Hoken-Mammoth from Toru Furukawa for ¥660 million on August 19, 2024. A cash consideration of ¥660 million will be paid by ZIGExN Co., Ltd. As part of consideration, ¥660 million is paid towards common equity of Hoken-Mammoth.
For the period ending March 31, 2024, Hoken-Mammoth reported total revenue of ¥823 million and EBIT of ¥11 million.
The expected completion of the transaction is August 30, 2024. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €2.78, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Interactive Media and Services industry in Europe. Total loss to shareholders of 6.5% over the past three years. Aankondiging • Jun 28
ZIGExN Co., Ltd. to Report Q1, 2025 Results on Aug 07, 2024 ZIGExN Co., Ltd. announced that they will report Q1, 2025 results on Aug 07, 2024 Reported Earnings • Jun 25
Full year 2024 earnings released: EPS: JP¥36.54 (vs JP¥27.85 in FY 2023) Full year 2024 results: EPS: JP¥36.54 (up from JP¥27.85 in FY 2023). Revenue: JP¥23.2b (up 24% from FY 2023). Net income: JP¥3.80b (up 30% from FY 2023). Profit margin: 16% (in line with FY 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Interactive Media and Services industry in Europe. 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 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €3.70, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 24x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 27% over the past three years. Reported Earnings • May 11
Full year 2024 earnings released: EPS: JP¥36.54 (vs JP¥27.85 in FY 2023) Full year 2024 results: EPS: JP¥36.54 (up from JP¥27.85 in FY 2023). Revenue: JP¥23.2b (up 24% from FY 2023). Net income: JP¥3.80b (up 30% from FY 2023). Profit margin: 16% (in line with FY 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in Europe. 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 11% per year, which means it is significantly lagging earnings growth. Aankondiging • May 11
ZIGExN Co., Ltd., Annual General Meeting, Jun 27, 2024 ZIGExN Co., Ltd., Annual General Meeting, Jun 27, 2024. Aankondiging • May 10
ZIGExN Co., Ltd. (TSE:3679) announces an Equity Buyback for 4,200,000 shares, representing 4.04% for ¥2,800 million. ZIGExN Co., Ltd. (TSE:3679) announces a share repurchase program. Under the program, the company will repurchase up to 4,200,000 shares, representing 4.04% of its issued share capital (excluding treasury stock), for ¥2,800 million. The purpose of the program is to increase shareholder value by implementing flexible capital policy. The program will run until March 31, 2025. As of March 31, 2024, the company had 104,001,910 shares in issue (excluding treasury stock) and 7,698,090 shares in treasury. Aankondiging • Mar 28
ZIGExN Co., Ltd. to Report Fiscal Year 2024 Results on May 09, 2024 ZIGExN Co., Ltd. announced that they will report fiscal year 2024 results on May 09, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 12 June 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (1.5%). Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥9.43 (vs JP¥6.41 in 3Q 2023) Third quarter 2024 results: EPS: JP¥9.43 (up from JP¥6.41 in 3Q 2023). Revenue: JP¥5.72b (up 22% from 3Q 2023). Net income: JP¥981.0m (up 47% from 3Q 2023). Profit margin: 17% (up from 14% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Aankondiging • Jan 06
ZIGExN Co., Ltd. to Report Q3, 2024 Results on Feb 08, 2024 ZIGExN Co., Ltd. announced that they will report Q3, 2024 results on Feb 08, 2024 Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €3.58, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 40% over the past three years. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥9.11 (vs JP¥6.43 in 2Q 2023) Second quarter 2024 results: EPS: JP¥9.11 (up from JP¥6.43 in 2Q 2023). Revenue: JP¥5.74b (up 33% from 2Q 2023). Net income: JP¥947.0m (up 40% from 2Q 2023). Profit margin: 17% (in line with 2Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to €3.70, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 38% over the past three years. New Risk • Oct 16
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 8.2% 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. Aankondiging • Aug 31
ZIGExN Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023 ZIGExN Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €3.66, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 36% over the past three years. Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥8.14 (vs JP¥6.45 in 1Q 2023) First quarter 2024 results: EPS: JP¥8.14 (up from JP¥6.45 in 1Q 2023). Revenue: JP¥5.46b (up 33% from 1Q 2023). Net income: JP¥847.0m (up 22% from 1Q 2023). Profit margin: 16% (down from 17% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Interactive Media and Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 65% 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 • Jun 28
Full year 2023 earnings released: EPS: JP¥27.85 (vs JP¥20.92 in FY 2022) Full year 2023 results: EPS: JP¥27.85 (up from JP¥20.92 in FY 2022). Revenue: JP¥18.7b (up 23% from FY 2022). Net income: JP¥2.93b (up 30% from FY 2022). Profit margin: 16% (in line with FY 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% 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 • May 12
Full year 2023 earnings released: EPS: JP¥27.85 (vs JP¥20.92 in FY 2022) Full year 2023 results: EPS: JP¥27.85 (up from JP¥20.92 in FY 2022). Revenue: JP¥18.7b (up 23% from FY 2022). Net income: JP¥2.93b (up 30% from FY 2022). Profit margin: 16% (in line with FY 2022). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Aankondiging • May 12
ZIGExN Co., Ltd., Annual General Meeting, Jun 26, 2023 ZIGExN Co., Ltd., Annual General Meeting, Jun 26, 2023. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €4.07, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 42% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥4.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 13 June 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.9%). Buying Opportunity • Feb 14
Now 21% undervalued Over the last 90 days, the stock is up 9.6%. The fair value is estimated to be €3.39, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 23%. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥6.41 (vs JP¥4.18 in 3Q 2022) Third quarter 2023 results: EPS: JP¥6.41 (up from JP¥4.18 in 3Q 2022). Revenue: JP¥4.70b (up 29% from 3Q 2022). Net income: JP¥667.0m (up 48% from 3Q 2022). Profit margin: 14% (up from 12% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Aankondiging • Dec 09
ZIGExN Co., Ltd. (TSE:3679) agreed to acquire Tsd Inc. from F-ness Corporation. ZIGExN Co., Ltd. (TSE:3679) agreed to acquire Tsd Inc. from F-ness Corporation for ¥1.783 million on December 7, 2022. The transaction is expected to be closed on February 1, 2023. TSD Inc. will transfer all businesses except BPO business to the new company through a company split. F-ness Corporation will transfer the business to be succeeded by the method of company split will be transferred to TSD Inc. Based on the share transfer agreement concluded with F-ness Corporation, ZIGExN Co., Ltd. (TSE:3679) will acquire 100% of the shares of TSD Inc., which operates the four target businesses. Board Change • Nov 17
Less than half of directors are independent There are 4 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: 4 new directors. 2 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Operating Officer, CEO, President & Representative Director Joe Hirao is the most experienced director on the board, commencing their role in 2007. Independent Outside Director Jun Sakaki was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Nov 11
Second quarter 2023 earnings released Second quarter 2023 results: Net income: (down JP¥541.0m from profit in 2Q 2022). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in Europe. 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 18% per year, which means it is significantly lagging earnings. Aankondiging • Nov 11
ZIGExN Co., Ltd. (TSE:3679) agreed to acquire Awesome Agent Co., Ltd. from Yu Takemura for ¥217 million. ZIGExN Co., Ltd. (TSE:3679) agreed to acquire Awesome Agent Co., Ltd. from Yu Takemura for ¥217 million on November 9, 2022. The acquisition will be financed from cash on hand and bank loans. The acquisition is expected to be closed on November 29, 2022. Aankondiging • Oct 21
ZIGExN Co., Ltd. (TSE:3679) agreed to acquire EHI Co., Ltd. from Eiji Hirooka. ZIGExN Co., Ltd. (TSE:3679) agreed to acquire EHI Co., Ltd. from Eiji Hirooka on October 19, 2022. In similar transaction H2K Co., Ltd. agreed to acquire Tides Co., Ltd.. Both transaction are valued at ¥1.75 billion. Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥6.45 (vs JP¥6.08 in 1Q 2022) First quarter 2023 results: EPS: JP¥6.45 (up from JP¥6.08 in 1Q 2022). Revenue: JP¥4.11b (up 7.4% from 1Q 2022). Net income: JP¥694.0m (up 5.6% from 1Q 2022). Profit margin: 17% (in line with 1Q 2022). Over the next year, revenue is forecast to grow 12%, compared to a 16% growth forecast for the industry in Germany. 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 25% per year, which means it is performing significantly worse than earnings. Board Change • Jul 23
Less than half of directors are independent There are 4 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: 4 new directors. 2 experienced directors. 2 highly experienced directors. 2 independent directors (3 non-independent directors). Operating Officer, CEO, President & Representative Director Joe Hirao is the most experienced director on the board, commencing their role in 2007. Independent Outside Director Jun Sakaki was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.