Aankondiging • Aug 09
SB Technology Corp. to Delist from Prime Section of TSX, Effective September 06, 2024 SB Technology Corp. will be delisted from Prime Section of Tokyo Stock Exchange effective from September 06, 2024, due to Reverse stock split. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥17.48 (vs JP¥25.42 in 1Q 2024) First quarter 2025 results: EPS: JP¥17.48 (down from JP¥25.42 in 1Q 2024). Revenue: JP¥15.6b (down 2.1% from 1Q 2024). Net income: JP¥348.0m (down 31% from 1Q 2024). Profit margin: 2.2% (down from 3.2% in 1Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • Jun 26
SB Technology Corp. to Report Q1, 2025 Results on Jul 31, 2024 SB Technology Corp. announced that they will report Q1, 2025 results at 3:00 PM, Tokyo Standard Time on Jul 31, 2024 Reported Earnings • Jun 21
Full year 2024 earnings released: EPS: JP¥421 (vs JP¥175 in FY 2023) Full year 2024 results: EPS: JP¥421 (up from JP¥175 in FY 2023). Revenue: JP¥65.7b (down 2.3% from FY 2023). Net income: JP¥8.36b (up 139% from FY 2023). Profit margin: 13% (up from 5.2% in FY 2023). Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Aankondiging • Jun 13
SoftBank Corp. (TSE:9434) completed the acquisition of 35.3% stake in SB Technology Corp. (TSE:4726) from a group of shareholders for ¥21.2 billion. SoftBank Corp. (TSE:9434) made an offer to acquire remaining 47.19% stake in SB Technology Corp. (TSE:4726) from a group of shareholders for ¥28.3 billion on April 23, 2024. Under the terms SoftBank made ¥2,950 per share for the acquisition of 9.590933 million shares and ¥1 for 424 200 shares under stock acquisition rights. If SoftBank Corp. is able to tender 90% shares then SoftBank will cash-out the remaining shares. The minimum limit for shares to be tendered is set at 2,815,600 shares(13.85%). The tender offer period is April 26, 2024 to June 11, 2024.
Nishimura & Asahi and Blakemore & Mitsuki acted as legal advisor and Daiwa Securities Co. Ltd. and Nomura Securities Co., Ltd. acted as financial advisor to SB Technology. Plutus Consulting Co., Ltd. acted as fairness opinion provider and financial advisor and Kensei Law Offices acted as legal advisor to special committee of SB Technology.
SoftBank Corp. (TSE:9434) completed the acquisition of 35.3% stake in SB Technology Corp. (TSE:4726) from a group of shareholders for ¥21.2 billion on April 23, 2024. SoftBank intends to carry out a set of procedures of the “Squeeze-Out Process” for making the SoftBank the only shareholder of SB Technology. New Risk • May 19
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 38% 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 Risks Earnings are forecast to decline by an average of 41% per year for the foreseeable future. High level of non-cash earnings (38% accrual ratio). Minor Risks Dividend is not well covered by cash flows (180% cash payout ratio). Share price has been volatile over the past 3 months (7.5% average weekly change). Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to €18.20, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the IT industry in Germany. Total loss to shareholders of 19% over the past three years. Aankondiging • Apr 28
SoftBank Corp. (TSE:9434) made an offer to acquire remaining 47.19% stake in SB Technology Corp. (TSE:4726) from a group of shareholders for ¥28.3 billion. SoftBank Corp. (TSE:9434) made an offer to acquire remaining 47.19% stake in SB Technology Corp. (TSE:4726) from a group of shareholders for ¥28.3 billion on April 23, 2024. Under the terms SoftBank made ¥2,950 per share for the acquisition of 9.590933 million shares and ¥1 for 424 200 shares under stock acquisition rights. If SoftBank Corp. is able to tender 90% shares then SoftBank will cash-out the remaining shares. The minimum limit for shares to be tendered is set at 2,815,600 shares(13.85%). The tender offer period is April 26, 2024 to June 11, 2024.
Nishimura & Asahi and Blakemore & Mitsuki acted as legal advisor and Daiwa Securities Co. Ltd. and Nomura Securities Co., Ltd. acted as financial advisor to SB Technology. Plutus Consulting Co., Ltd. acted as fairness opinion provider and financial advisor and Kensei Law Offices acted as legal advisor to special committee of SB Technology. Aankondiging • Apr 13
SB Technology Corp., Annual General Meeting, Jun 17, 2024 SB Technology Corp., Annual General Meeting, Jun 17, 2024. Aankondiging • Mar 27
SB Technology Corp. to Report Fiscal Year 2024 Results on Apr 25, 2024 SB Technology Corp. announced that they will report fiscal year 2024 results on Apr 25, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 20 June 2024. Payout ratio is a comfortable 15% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (4.9%). Higher than average of industry peers (2.2%). Aankondiging • Feb 02
SB Technology Corp. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 SB Technology Corp. revised consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, the company now revises net sales of JPY 67,000 million, operating profit of JPY 5,600 million, profit attributable to owners of parent of JPY 8,300 million and profit per share of JPY 417.44 against net sales of JPY 68,000 million, operating profit of JPY 5,900 million, profit attributable to owners of parent of JPY 8,200 million and profit per share of JPY 410.37 as previously forecasted. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥54.87 (vs JP¥38.36 in 3Q 2023) Third quarter 2024 results: EPS: JP¥54.87 (up from JP¥38.36 in 3Q 2023). Revenue: JP¥15.6b (down 5.4% from 3Q 2023). Net income: JP¥1.09b (up 43% from 3Q 2023). Profit margin: 7.0% (up from 4.6% in 3Q 2023). Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Aankondiging • Feb 01
SB Technology Corp. Revises Year-End Dividend Guidance for the Fiscal Year Ending March 31, 2024 SB Technology Corp. revised year-end dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects to pay year-end dividend of JPY 40.00 per share against JPY 35.00 per share paid for the same period a year ago. Aankondiging • Dec 27
SB Technology Corp. to Report Q3, 2024 Results on Jan 31, 2024 SB Technology Corp. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥158 (vs JP¥35.02 in 2Q 2023) Second quarter 2024 results: EPS: JP¥158 (up from JP¥35.02 in 2Q 2023). Revenue: JP¥16.1b (flat on 2Q 2023). Net income: JP¥3.14b (up 348% from 2Q 2023). Profit margin: 20% (up from 4.3% in 2Q 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Aankondiging • Oct 30
Sb Technology Corp. Announces Dividend Forecast for the Second Quarter of Fiscal Year Ending March 31, 2024 SB Technology Corp. (the "Company") hereby announces that the Board of Directors of the Company resolved to pay the Company's dividends of surplus with a record date of September 30, 2023 at its meeting held on October 30, 2023. Dividend per share is JPY 30.00 compared to JPY 25.00 per share paid a year ago. Forecasts for the second quarter of fiscal year ending March 31, 2024. Aankondiging • Sep 27
SB Technology Corp. to Report Q2, 2024 Results on Oct 30, 2023 SB Technology Corp. announced that they will report Q2, 2024 results on Oct 30, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥30.00 per share at 2.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.2%). Aankondiging • Sep 08
Monotype Imaging KK completed the acquisition of Fontworks Inc. from SB Technology Corp. (TSE:4726). Monotype Imaging KK agreed to acquire Fontworks Inc. from SB Technology Corp. (TSE:4726) on July 19, 2023. Under the terms of the deal, Fontworks’ renowned team of 73 designers, engineers, sales, and administrative professionals, along with its impressive type library and its LETS™, Mojimo™, and FONTPLUS™ services, will join the Monotype family. Fontworks’ impressive inventory of 260 font styles will become part of the Monotype library. Akira Kobayashi has joined the Monotype family. The deal is scheduled to close in Q3 of 2023. As of March 31, 2023, Fontworks reported Net assets, Total assets, Net sales, Operating profit of ¥3,803 million, ¥4,272 million, ¥1,946 million, ¥751 million respectively. Deutsche Securities Inc. acted as financial advisor to Monotype Imaging KK. Joseph Fisher and Harry Evans, Alexander Chuprunov, Naoko Adachi, Sue May Yeo, Ryu Long and Elisa Wong from Herbert Smith LLP (Tokyo, Japan) and Herbert Smith LLP, Singapore acted as legal advisors to Monotype Imaging KK.
Monotype Imaging KK completed the acquisition of Fontworks Inc. from SB Technology Corp. (TSE:4726) on September 6, 2023. New Risk • Aug 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: JP¥25.42 (vs JP¥31.98 in 1Q 2023) First quarter 2024 results: EPS: JP¥25.42 (down from JP¥31.98 in 1Q 2023). Revenue: JP¥16.0b (up 2.6% from 1Q 2023). Net income: JP¥505.0m (down 22% from 1Q 2023). Profit margin: 3.2% (down from 4.2% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Board Change • Jul 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Kunihiro Fujinaga was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jul 21
SB Technology Corp. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 SB Technology Corp. revised consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, the company expects revised net sales of JPY 68,000 million, operating profit of JPY 5,900 million, profit attributable to owners of parent of JPY 8,200 million and profit per share of JPY 410.37 compared to previously expected net sales of JPY 69,000 million, operating profit of JPY 6,400 million, profit attributable to owners of parent of JPY 3,950 million and profit per share of JPY 197.68. Aankondiging • Jun 26
SB Technology Corp. to Report Q1, 2024 Results on Jul 27, 2023 SB Technology Corp. announced that they will report Q1, 2024 results on Jul 27, 2023 Reported Earnings • Jun 21
Full year 2023 earnings released: EPS: JP¥175 (vs JP¥179 in FY 2022) Full year 2023 results: EPS: JP¥175 (down from JP¥179 in FY 2022). Revenue: JP¥67.2b (up 1.6% from FY 2022). Net income: JP¥3.50b (down 3.7% from FY 2022). Profit margin: 5.2% (down from 5.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 30
Full year 2023 earnings released: EPS: JP¥175 (vs JP¥179 in FY 2022) Full year 2023 results: EPS: JP¥175 (down from JP¥179 in FY 2022). Revenue: JP¥67.2b (up 1.6% from FY 2022). Net income: JP¥3.50b (down 3.7% from FY 2022). Profit margin: 5.2% (down from 5.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 21 June 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.6%). Reported Earnings • Jan 26
Third quarter 2023 earnings released: EPS: JP¥38.36 (vs JP¥43.07 in 3Q 2022) Third quarter 2023 results: EPS: JP¥38.36 (down from JP¥43.07 in 3Q 2022). Revenue: JP¥16.5b (up 1.3% from 3Q 2022). Net income: JP¥762.0m (down 13% from 3Q 2022). Profit margin: 4.6% (down from 5.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Aankondiging • Dec 24
SB Technology Corp. to Report Q3, 2023 Results on Jan 25, 2023 SB Technology Corp. announced that they will report Q3, 2023 results on Jan 25, 2023 Reported Earnings • Oct 27
Second quarter 2023 earnings released: EPS: JP¥35.02 (vs JP¥39.48 in 2Q 2022) Second quarter 2023 results: EPS: JP¥35.02 (down from JP¥39.48 in 2Q 2022). Revenue: JP¥16.1b (down 1.1% from 2Q 2022). Net income: JP¥700.0m (down 12% from 2Q 2022). Profit margin: 4.3% (down from 4.9% in 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Aankondiging • Sep 24
SB Technology Corp. to Report Q2, 2023 Results on Oct 26, 2022 SB Technology Corp. announced that they will report Q2, 2023 results on Oct 26, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.8%). Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥31.98 (vs JP¥25.51 in 1Q 2022) First quarter 2023 results: EPS: JP¥31.98 (up from JP¥25.51 in 1Q 2022). Revenue: JP¥15.6b (up 3.8% from 1Q 2022). Net income: JP¥646.0m (up 25% from 1Q 2022). Profit margin: 4.2% (up from 3.4% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.2%, compared to a 16% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 23
Full year 2022 earnings released: EPS: JP¥179 (vs JP¥120 in FY 2021) Full year 2022 results: EPS: JP¥179 (up from JP¥120 in FY 2021). Revenue: JP¥66.2b (down 6.1% from FY 2021). Net income: JP¥3.63b (up 50% from FY 2021). Profit margin: 5.5% (up from 3.4% in FY 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 5.8%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 29
Full year 2022 earnings released: EPS: JP¥179 (vs JP¥120 in FY 2021) Full year 2022 results: EPS: JP¥179 (up from JP¥120 in FY 2021). Revenue: JP¥66.2b (down 6.1% from FY 2021). Net income: JP¥3.63b (up 50% from FY 2021). Profit margin: 5.5% (up from 3.4% in FY 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 6.5%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Board Change • Apr 27
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. 4 non-independent directors. Independent External Director Yoshie Munakata was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 05
SB Technology Corp. to Report Fiscal Year 2022 Results on Apr 27, 2022 SB Technology Corp. announced that they will report fiscal year 2022 results on Apr 27, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 22 June 2022. Payout ratio is a comfortable 29% and the cash payout ratio is 81%. Trailing yield: 2.0%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (1.0%). Reported Earnings • Jan 28
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥43.07 (up from JP¥29.05 in 3Q 2021). Revenue: JP¥16.3b (down 5.2% from 3Q 2021). Net income: JP¥872.0m (up 49% from 3Q 2021). Profit margin: 5.3% (up from 3.4% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue exceeded analyst estimates by 3.5%. Over the next year, revenue is forecast to stay flat compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 28
Second quarter 2022 earnings released: EPS JP¥39.48 (vs JP¥26.95 in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥16.3b (down 4.6% from 2Q 2021). Net income: JP¥799.0m (up 47% from 2Q 2021). Profit margin: 4.9% (up from 3.2% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 30 November 2021. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.8%). Reported Earnings • Jul 29
First quarter 2022 earnings released: EPS JP¥25.51 (vs JP¥17.26 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥15.0b (up 1.6% from 1Q 2021). Net income: JP¥516.0m (up 48% from 1Q 2021). Profit margin: 3.4% (up from 2.4% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 13% per year. Reported Earnings • Jun 24
Full year 2021 earnings released: EPS JP¥120 (vs JP¥92.55 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥70.5b (up 21% from FY 2020). Net income: JP¥2.43b (up 31% from FY 2020). Profit margin: 3.4% (up from 3.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS JP¥120 (vs JP¥92.55 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥70.5b (up 21% from FY 2020). Net income: JP¥2.43b (up 31% from FY 2020). Profit margin: 3.4% (up from 3.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (1.1%). Is New 90 Day High Low • Feb 21
New 90-day low: €23.00 The company is down 17% from its price of €27.60 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 2.0% over the same period. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS JP¥29.05 (vs JP¥26.20 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: JP¥17.2b (up 22% from 3Q 2020). Net income: JP¥587.0m (up 11% from 3Q 2020). Profit margin: 3.4% (down from 3.7% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue beats expectations Revenue exceeded analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 5.8%, compared to a 12% growth forecast for the IT industry in Germany. Is New 90 Day High Low • Jan 20
New 90-day low: €26.00 The company is down 9.0% from its price of €28.60 on 22 October 2020. The German market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 15% over the same period. Aankondiging • Dec 26
SB Technology Corp. to Report Q3, 2021 Results on Jan 28, 2021 SB Technology Corp. announced that they will report Q3, 2021 results on Jan 28, 2021 Is New 90 Day High Low • Dec 23
New 90-day low: €26.20 The company is down 10.0% from its price of €29.00 on 24 September 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is down 20% over the same period. Analyst Estimate Surprise Post Earnings • Nov 17
Revenue beats expectations Revenue exceeded analyst estimates by 2.4%. Over the next year, revenue is forecast to grow 9.1%, compared to a 10% growth forecast for the IT industry in Germany. Reported Earnings • Nov 17
Second quarter 2021 earnings released: EPS JP¥26.95 The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: JP¥17.1b (up 23% from 2Q 2020). Net income: JP¥544.0m (up 16% from 2Q 2020). Profit margin: 3.2% (down from 3.4% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Nov 07
New 90-day high: €31.20 The company is up 25% from its price of €25.00 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 23% over the same period. Reported Earnings • Oct 30
First half earnings released Over the last 12 months the company has reported total profits of JP¥1.95b, up 15% from the prior year. Total revenue was JP¥63.3b over the last 12 months, up 20% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 30
Semi-annual earnings released: Revenue beats expectations Semi-annual revenue exceeded analyst estimates by 2.4% at JP¥31.9b. Revenue is forecast to grow 5.4% over the next year, compared to a 8.6% growth forecast for the IT industry in Germany. Aankondiging • Sep 26
SB Technology Corp. to Report Q2, 2021 Results on Oct 28, 2020 SB Technology Corp. announced that they will report Q2, 2021 results at 3:00 PM, Tokyo Standard Time on Oct 28, 2020 Aankondiging • Jun 29
SB Technology Corp. (TSE:4726) agreed to acquire DENEN Co. Ltd. from CrowdWorks Inc. (TSE:3900) for ¥1.3 billion. SB Technology Corp. (TSE:4726) agreed to acquire DENEN Co. Ltd. from CrowdWorks Inc. (TSE:3900) for ¥1.3 billion on June 26, 2020. Under the terms of the acquisition 0.00007 million shares will be acquired. Post completion, CrowdWorks will not hold stake in DENEN. For the year ended September 30, 2019, DENEN had net worth of ¥329 million, total assets of ¥1.3 billion, sales of ¥2.4 billion, operating income of ¥65 million and net income of ¥25 million. The transaction was resolved by the Board of CrowdWorks on June 26, 2020. The agreement is expected to be signed by June 30, 2020. The transaction is expected to close on July 10, 2020.