Major Estimate Revision • 17h
Consensus EPS estimates increase by 44%, revenue downgraded The consensus outlook for fiscal year 2027 has been updated. 2027 revenue forecast fell from JP¥55.1b to JP¥52.1b. EPS estimate rose from JP¥99.09 to JP¥143. Net income forecast to grow 110% next year vs 15% growth forecast for Professional Services industry in Japan. Consensus price target of JP¥1,256 unchanged from last update. Share price rose 8.6% to JP¥1,278 over the past week. Reported Earnings • May 18
Full year 2026 earnings: EPS in line with expectations, revenues disappoint Full year 2026 results: EPS: JP¥66.41 (down from JP¥187 in FY 2025). Revenue: JP¥59.1b (down 10.0% from FY 2025). Net income: JP¥2.62b (down 66% from FY 2025). Profit margin: 4.4% (down from 12% in FY 2025). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is expected to decline by 2.0% p.a. on average during the next 3 years, while revenues in the Professional Services industry in Japan are expected to grow by 7.3%. 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 20% per year, which means it is significantly lagging earnings. Aankondiging • May 14
en Inc., Annual General Meeting, Jun 23, 2026 en Inc., Annual General Meeting, Jun 23, 2026. Buy Or Sell Opportunity • May 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to JP¥1,112. The fair value is estimated to be JP¥1,393, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.6% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to decline by 3.0% per annum. Earnings are forecast to grow by 11% per annum over the same time period. Aankondiging • Apr 07
en Inc. to Report Fiscal Year 2026 Results on May 14, 2026 en Inc. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is on the higher end at 77%, however this is supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Price Target Changed • Mar 04
Price target decreased by 7.3% to JP¥1,363 Down from JP¥1,470, the current price target is an average from 6 analysts. New target price is 19% above last closing price of JP¥1,144. Stock is down 33% over the past year. The company is forecast to post earnings per share of JP¥70.66 for next year compared to JP¥187 last year. Price Target Changed • Feb 24
Price target decreased by 7.2% to JP¥1,430 Down from JP¥1,542, the current price target is an average from 5 analysts. New target price is 24% above last closing price of JP¥1,150. Stock is down 34% over the past year. The company is forecast to post earnings per share of JP¥70.66 for next year compared to JP¥187 last year. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥14.37 (vs JP¥26.19 in 3Q 2025) Third quarter 2026 results: EPS: JP¥14.37 (down from JP¥26.19 in 3Q 2025). Revenue: JP¥14.1b (down 11% from 3Q 2025). Net income: JP¥560.0m (down 48% from 3Q 2025). Profit margin: 4.0% (down from 6.7% in 3Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Professional Services industry in Japan. 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 20% per year, which means it is significantly lagging earnings. New Risk • Feb 13
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: Major Risk Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (6.7% net profit margin). Buy Or Sell Opportunity • Feb 13
Now 27% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.5% to JP¥1,238. The fair value is estimated to be JP¥1,686, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 32%. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings are forecast to decline by 1.1% per annum over the same time period. Aankondiging • Jan 23
en Inc. Announces Resignation of Takuo Iwasaki as Director and Senior Executive Officer, Effective March 31, 2026 en Inc. announced that Director and Senior Executive Officer, Takuo Iwasaki, will resign from his position, effective March 31, 2026. This resignation is due to Mr. Iwasaki’s appointment as President and Representative Director of engage Inc., a company to be established by en Inc. Following the resignation of the above Director, en Inc. will continue to satisfy the number of Directors required under applicable laws and regulations and the Articles of Incorporation. Aankondiging • Jan 06
en Inc. to Report Q3, 2026 Results on Feb 12, 2026 en Inc. announced that they will report Q3, 2026 results on Feb 12, 2026 Aankondiging • Dec 18
Kakaku.com, Inc. (TSE:2371) signed a basic agreement to acquire 85.10% stake in engage business operated by en Inc. from en Inc. (TSE:4849) for ¥4.4 billion. Kakaku.com, Inc. (TSE:2371) signed a basic agreement to acquire 85.1% stake in engage business operated by en Inc. from en Inc. (TSE:4849) for ¥4.4 billion on December 17, 2025. The consideration consists of common equity of Kakaku.com, Inc. having a value of ¥4.45 billion to be issued for assets of engage business operated by en Inc. The companies are scheduled to enter into an agreement in January 2026.
For the period ending March 31, 2025, engage business operated by en Inc. reported total revenue of ¥7.9 billion, total assets of ¥1.7 billion.
The expected completion of the transaction is April 2026. New Risk • Dec 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.7% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (6.7% net profit margin). Declared Dividend • Nov 15
Dividend of JP¥24.00 announced Shareholders will receive a dividend of JP¥24.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 1.8%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 14
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Aankondiging • Oct 02
en Inc. to Report Q2, 2026 Results on Nov 13, 2025 en Inc. announced that they will report Q2, 2026 results on Nov 13, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥23.30 (vs JP¥29.53 in 1Q 2025) First quarter 2026 results: EPS: JP¥23.30 (down from JP¥29.53 in 1Q 2025). Revenue: JP¥15.0b (down 7.7% from 1Q 2025). Net income: JP¥948.0m (down 21% from 1Q 2025). Profit margin: 6.3% (down from 7.4% in 1Q 2025). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Professional Services industry in Japan. 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 12% per year, which means it is significantly lagging earnings. Major Estimate Revision • Aug 06
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from JP¥64.8b to JP¥63.0b. EPS estimate also fell from JP¥80.92 per share to JP¥64.00 per share. Net income forecast to shrink 67% next year vs 18% growth forecast for Professional Services industry in Japan . Consensus price target down from JP¥1,621 to JP¥1,543. Share price was steady at JP¥1,775 over the past week. Reported Earnings • Jun 27
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥187 (up from JP¥102 in FY 2024). Revenue: JP¥65.7b (down 2.9% from FY 2024). Net income: JP¥7.63b (up 82% from FY 2024). Profit margin: 12% (up from 6.2% in FY 2024). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 2.0%. Revenue is forecast to stay flat during the next 3 years compared to a 6.5% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Aankondiging • Jun 24
en-japan inc. to Report Q1, 2026 Results on Aug 07, 2025 en-japan inc. announced that they will report Q1, 2026 results on Aug 07, 2025 New Risk • May 19
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 41% 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 11% per year for the foreseeable future. High level of non-cash earnings (41% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Reported Earnings • May 19
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥187 (up from JP¥102 in FY 2024). Revenue: JP¥65.7b (down 2.9% from FY 2024). Net income: JP¥7.63b (up 82% from FY 2024). Profit margin: 12% (up from 6.2% in FY 2024). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 2.0%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • May 16
Now 26% overvalued Over the last 90 days, the stock has fallen 2.4% to JP¥1,649. The fair value is estimated to be JP¥1,309, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are forecast to decline by 13% per annum over the same time period. Aankondiging • May 16
en-japan inc. (TSE:4849) announces an Equity Buyback for 7,800,000 shares, representing 19.09% for ¥5,000 million. en-japan inc. (TSE:4849) announces a share repurchase program. Under the program, the company will repurchase 7,800,000 shares, representing 19.1% of its share capital, for ¥5,000 million. The company will repurchase its shares in order to enhance shareholder returns and capital efficiency, as well as to enable agile capital management in response to changes in the business environment. The program will run until April 30, 2026. As of March 31, 2025, the company had 40,862,976 shares outstanding (excluding treasury shares) and 8,853,024 shares in treasury. Aankondiging • May 14
en-japan inc., Annual General Meeting, Jun 24, 2025 en-japan inc., Annual General Meeting, Jun 24, 2025. Buy Or Sell Opportunity • Apr 02
Now 20% overvalued Over the last 90 days, the stock has fallen 22% to JP¥1,644. The fair value is estimated to be JP¥1,368, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.5% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are forecast to decline by 6.4% per annum over the same time period. Price Target Changed • Mar 27
Price target decreased by 16% to JP¥2,021 Down from JP¥2,393, the current price target is an average from 7 analysts. New target price is 15% above last closing price of JP¥1,754. Stock is down 34% over the past year. The company is forecast to post earnings per share of JP¥189 for next year compared to JP¥102 last year. Aankondiging • Mar 25
en-japan inc. to Report Fiscal Year 2025 Results on May 14, 2025 en-japan inc. announced that they will report fiscal year 2025 results on May 14, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥70.10 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.1%). New Risk • Mar 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.2% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.2% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Price Target Changed • Feb 26
Price target decreased by 10% to JP¥2,493 Down from JP¥2,771, the current price target is an average from 7 analysts. New target price is 44% above last closing price of JP¥1,734. Stock is down 32% over the past year. The company is forecast to post earnings per share of JP¥195 for next year compared to JP¥102 last year. Price Target Changed • Feb 20
Price target decreased by 7.4% to JP¥2,579 Down from JP¥2,786, the current price target is an average from 7 analysts. New target price is 54% above last closing price of JP¥1,679. Stock is down 37% over the past year. The company is forecast to post earnings per share of JP¥198 for next year compared to JP¥102 last year. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥26.19 (vs JP¥38.14 in 3Q 2024) Third quarter 2025 results: EPS: JP¥26.19 (down from JP¥38.14 in 3Q 2024). Revenue: JP¥15.9b (down 4.5% from 3Q 2024). Net income: JP¥1.07b (down 31% from 3Q 2024). Profit margin: 6.7% (down from 9.3% in 3Q 2024). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Feb 14
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 5.6% 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 Risk High level of non-cash earnings (52% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (5.6% average weekly change). Aankondiging • Jan 07
en-japan inc. to Report Q3, 2025 Results on Feb 13, 2025 en-japan inc. announced that they will report Q3, 2025 results on Feb 13, 2025 Declared Dividend • Nov 16
Dividend of JP¥70.10 announced Dividend of JP¥70.10 is the same as last year. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 3.4%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (59% earnings payout ratio) but not covered by cash flows (116% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Oct 02
en-japan inc. to Report Q2, 2025 Results on Nov 14, 2024 en-japan inc. announced that they will report Q2, 2025 results on Nov 14, 2024 Major Estimate Revision • Aug 17
Consensus EPS estimates increase by 36%, revenue downgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from JP¥73.0b to JP¥71.7b. EPS estimate rose from JP¥145 to JP¥197. Net income forecast to grow 60% next year vs 13% growth forecast for Professional Services industry in Japan. Consensus price target broadly unchanged at JP¥3,167. Share price rose 3.1% to JP¥2,477 over the past week. Reported Earnings • Aug 11
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: JP¥29.53 (up from JP¥14.10 in 1Q 2024). Revenue: JP¥16.2b (down 1.5% from 1Q 2024). Net income: JP¥1.21b (up 106% from 1Q 2024). Profit margin: 7.4% (up from 3.5% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 14% per year. Aankondiging • Jul 04
en-japan inc. to Report Q1, 2025 Results on Aug 08, 2024 en-japan inc. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 11
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥102 (up from JP¥60.98 in FY 2023). Revenue: JP¥67.7b (flat on FY 2023). Net income: JP¥4.20b (up 56% from FY 2023). Profit margin: 6.2% (up from 4.0% in FY 2023). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) exceeded analyst estimates by 21%. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Aankondiging • May 11
en-japan inc., Annual General Meeting, Jun 26, 2024 en-japan inc., Annual General Meeting, Jun 26, 2024. Price Target Changed • May 10
Price target increased by 10% to JP¥3,333 Up from JP¥3,017, the current price target is an average from 6 analysts. New target price is 20% above last closing price of JP¥2,785. Stock is up 17% over the past year. The company is forecast to post earnings per share of JP¥84.74 for next year compared to JP¥60.98 last year. Aankondiging • Apr 03
en-japan inc. to Report Fiscal Year 2024 Results on May 09, 2024 en-japan inc. announced that they will report fiscal year 2024 results on May 09, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥70.10 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.1%). Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥38.14 (vs JP¥23.54 in 3Q 2023) Third quarter 2024 results: EPS: JP¥38.14 (up from JP¥23.54 in 3Q 2023). Revenue: JP¥16.7b (down 2.9% from 3Q 2023). Net income: JP¥1.56b (up 51% from 3Q 2023). Profit margin: 9.3% (up from 6.0% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Aankondiging • Jan 06
en-japan inc. to Report Q3, 2024 Results on Feb 08, 2024 en-japan inc. announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥4.66 (vs JP¥16.10 in 2Q 2023) Second quarter 2024 results: EPS: JP¥4.66 (down from JP¥16.10 in 2Q 2023). Revenue: JP¥16.6b (flat on 2Q 2023). Net income: JP¥190.0m (down 74% from 2Q 2023). Profit margin: 1.1% (down from 4.3% in 2Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 10% per year. Aankondiging • Oct 05
en-japan inc. to Report Q2, 2024 Results on Nov 09, 2023 en-japan inc. announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 02
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥60.98 (down from JP¥148 in FY 2022). Revenue: JP¥67.7b (up 24% from FY 2022). Net income: JP¥2.70b (down 59% from FY 2022). Profit margin: 4.0% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 26%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Aankondiging • Jul 06
en-japan inc. to Report Q1, 2024 Results on Aug 09, 2023 en-japan inc. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 13
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥63.65 (down from JP¥148 in FY 2022). Revenue: JP¥67.7b (up 24% from FY 2022). Net income: JP¥2.81b (down 58% from FY 2022). Profit margin: 4.2% (down from 12% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Aankondiging • May 13
en-japan inc., Annual General Meeting, Jun 27, 2023 en-japan inc., Annual General Meeting, Jun 27, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥70.10 per share at 2.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 70% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥23.54 (vs JP¥40.02 in 3Q 2022) Third quarter 2023 results: EPS: JP¥23.54 (down from JP¥40.02 in 3Q 2022). Revenue: JP¥17.2b (up 24% from 3Q 2022). Net income: JP¥1.03b (down 43% from 3Q 2022). Profit margin: 6.0% (down from 13% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Price Target Changed • Jan 20
Price target increased to JP¥3,293 Up from JP¥2,942, the current price target is an average from 7 analysts. New target price is 38% above last closing price of JP¥2,381. Stock is down 18% over the past year. The company is forecast to post earnings per share of JP¥84.43 for next year compared to JP¥148 last year. Aankondiging • Jan 06
en-japan inc. to Report Q3, 2023 Results on Feb 09, 2023 en-japan inc. announced that they will report Q3, 2023 results on Feb 09, 2023 Major Estimate Revision • Nov 17
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate increased from JP¥75.31 to JP¥86.20. Revenue forecast steady at JP¥66.9b. Net income forecast to shrink 21% next year vs 12% growth forecast for Professional Services industry in Japan . Consensus price target up from JP¥2,942 to JP¥3,125. Share price fell 6.2% to JP¥2,366 over the past week. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥16.10 (vs JP¥38.43 in 2Q 2022) Second quarter 2023 results: EPS: JP¥16.10 (down from JP¥38.43 in 2Q 2022). Revenue: JP¥16.6b (up 28% from 2Q 2022). Net income: JP¥721.0m (down 58% from 2Q 2022). Profit margin: 4.3% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Professional Services industry in Japan. 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. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Outside Director Wataru Sakakura 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. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥16.10 (vs JP¥38.43 in 2Q 2022) Second quarter 2023 results: EPS: JP¥16.10 (down from JP¥38.43 in 2Q 2022). Revenue: JP¥16.6b (up 28% from 2Q 2022). Net income: JP¥721.0m (down 58% from 2Q 2022). Profit margin: 4.3% (down from 13% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Professional Services industry in Japan. 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 22% per year, which means it is performing significantly worse than earnings. Aankondiging • Oct 05
en-japan inc. to Report Q2, 2023 Results on Nov 10, 2022 en-japan inc. announced that they will report Q2, 2023 results on Nov 10, 2022 Major Estimate Revision • Sep 01
Consensus EPS estimates increase by 21% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥64.8b to JP¥66.4b. EPS estimate increased from JP¥62.07 to JP¥75.31 per share. Net income forecast to shrink 45% next year vs 12% growth forecast for Professional Services industry in Japan . Consensus price target up from JP¥2,808 to JP¥2,942. Share price was steady at JP¥2,368 over the past week. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥2,441, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 22x in the Professional Services industry in Japan. Total loss to shareholders of 34% over the past three years. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥25.46 (vs JP¥33.82 in 1Q 2022) First quarter 2023 results: EPS: JP¥25.46 (down from JP¥33.82 in 1Q 2022). Revenue: JP¥15.8b (up 31% from 1Q 2022). Net income: JP¥1.14b (down 25% from 1Q 2022). Profit margin: 7.2% (down from 13% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 12%, compared to a 16% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 12% per year. Aankondiging • Aug 11
en-japan inc. (TSE:4849) announces an Equity Buyback for 5,000,000 shares, representing 11.13% for ¥10,000 million. en-japan inc. (TSE:4849) announces a share repurchase program. Under the program, the company will repurchase 5,000,000 shares, representing 11.13% of its share capital, for ¥10,000 million. The company will repurchase its shares in order to make shareholder returns efficient. The program will run until May 31, 2023. As of March 31, 2022, the company had 44,920,623 shares outstanding (excluding treasury shares) and 4,795,377 shares in treasury. Major Estimate Revision • Aug 11
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥60.28 to JP¥49.92 per share. Revenue forecast steady at JP¥63.3b. Net income forecast to shrink 65% next year vs 12% growth forecast for Professional Services industry in Japan . Consensus price target up from JP¥2,607 to JP¥2,667. Share price was steady at JP¥2,080 over the past week. Major Estimate Revision • Jul 06
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥84.21 to JP¥65.26 per share. Revenue forecast steady at JP¥63.2b. Net income forecast to shrink 56% next year vs 12% growth forecast for Professional Services industry in Japan . Consensus price target down from JP¥2,965 to JP¥2,715. Share price rose 6.8% to JP¥1,849 over the past week. Aankondiging • Jul 03
en-japan inc. to Report Q1, 2023 Results on Aug 10, 2022 en-japan inc. announced that they will report Q1, 2023 results on Aug 10, 2022 Major Estimate Revision • Jun 21
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥105 to JP¥84.21 per share. Revenue forecast steady at JP¥62.8b. Net income forecast to shrink 43% next year vs 10% growth forecast for Professional Services industry in Japan . Consensus price target of JP¥2,965 unchanged from last update. Share price fell 9.0% to JP¥1,630 over the past week. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorated over the past week After last week's 34% share price decline to JP¥1,954, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 21x in the Professional Services industry in Japan. Total loss to shareholders of 45% over the past three years.