Declared Dividend • Jun 23
First quarter dividend of JP¥4.37 announced Shareholders will receive a dividend of JP¥4.37. Ex-date: 29th June 2026 Payment date: 24th September 2026 Dividend yield will be 4.8%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 3.4% over the next year, which should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Jun 23
Upcoming dividend of JP¥4.37 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 24 September 2026. Payout ratio is a comfortable 65% and this is well supported by cash flows. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (2.3%). Aankondiging • May 30
GMO internet, Inc. to Report Q2, 2026 Results on Aug 14, 2026 GMO internet, Inc. announced that they will report Q2, 2026 results on Aug 14, 2026 Aankondiging • May 24
GMO internet, Inc. has completed a Follow-on Equity Offering in the amount of ¥64.965 billion. GMO internet, Inc. has completed a Follow-on Equity Offering in the amount of ¥64.965 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 30,000,000
Price\Range: ¥710
Discount Per Security: ¥30.56
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 61,500,000
Price\Range: ¥710
Discount Per Security: ¥30.56 Reported Earnings • May 20
First quarter 2026 earnings released: EPS: JP¥6.02 (vs JP¥4.61 in 1Q 2025) First quarter 2026 results: EPS: JP¥6.02 (up from JP¥4.61 in 1Q 2025). Revenue: JP¥20.4b (up 6.8% from 1Q 2025). Net income: JP¥1.65b (up 31% from 1Q 2025). Profit margin: 8.1% (up from 6.6% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • May 08
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 Japanese stocks, typically moving 9.9% 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.9% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥603, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 14x in the Media industry in Japan. Total returns to shareholders of 43% over the past three years. Aankondiging • Apr 15
GMO internet, Inc. to Report Q1, 2026 Results on May 15, 2026 GMO internet, Inc. announced that they will report Q1, 2026 results at 3:31 PM, Tokyo Standard Time on May 15, 2026 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥793, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 14x in the Media industry in Japan. Total returns to shareholders of 90% over the past three years. Declared Dividend • Mar 20
Fourth quarter dividend of JP¥4.65 announced Shareholders will receive a dividend of JP¥4.65. Ex-date: 30th March 2026 Payment date: 18th June 2026 Dividend yield will be 2.8%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is covered by both earnings (65% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. New Risk • Feb 15
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 116% Dividend yield: 2.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Shareholders have been substantially diluted in the past year (over 16x increase in shares outstanding). Minor Risk Dividend is not well covered by cash flows (116% cash payout ratio). Reported Earnings • Feb 14
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥20.29 (up from JP¥0.25 loss in FY 2024). Revenue: JP¥78.5b (up JP¥65.6b from FY 2024). Net income: JP¥5.56b (up JP¥5.57b from FY 2024). Profit margin: 7.1% (up from 0% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.6%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Feb 12
GMO internet, Inc., Annual General Meeting, Mar 18, 2026 GMO internet, Inc., Annual General Meeting, Mar 18, 2026. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥893, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 17x in the Media industry in Japan. Total returns to shareholders of 107% over the past three years. Declared Dividend • Dec 23
Third quarter dividend of JP¥3.58 announced Shareholders will receive a dividend of JP¥3.58. Ex-date: 29th December 2025 Payment date: 24th March 2026 Dividend yield will be 2.2%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (85% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 1.8% 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 year, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥759, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 18x in the Media industry in Japan. Total returns to shareholders of 71% over the past three years. Aankondiging • Dec 03
GMO internet, Inc. to Report Fiscal Year 2025 Results on Feb 12, 2026 GMO internet, Inc. announced that they will report fiscal year 2025 results on Feb 12, 2026 Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: JP¥5.85 (vs JP¥2.30 in 3Q 2024) Third quarter 2025 results: EPS: JP¥5.85 (up from JP¥2.30 in 3Q 2024). Revenue: JP¥19.8b (up JP¥16.8b from 3Q 2024). Net income: JP¥1.60b (up JP¥1.57b from 3Q 2024). Profit margin: 8.1% (up from 1.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Aankondiging • Sep 01
GMO internet, Inc. to Report Q3, 2025 Results on Nov 13, 2025 GMO internet, Inc. announced that they will report Q3, 2025 results on Nov 13, 2025 Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: JP¥4.18 (vs JP¥9.06 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥4.18 (up from JP¥9.06 loss in 2Q 2024). Revenue: JP¥19.4b (up JP¥16.3b from 2Q 2024). Net income: JP¥1.15b (up JP¥1.29b from 2Q 2024). Profit margin: 5.9% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. New Risk • Aug 13
New major risk - Revenue and earnings growth Earnings have declined by 7.5% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 7.5% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 16x increase in shares outstanding). Aankondiging • May 31
GMO internet, Inc. to Report Q2, 2025 Results on Aug 08, 2025 GMO internet, Inc. announced that they will report Q2, 2025 results at 3:00 PM, Tokyo Standard Time on Aug 08, 2025 Reported Earnings • May 18
First quarter 2025 earnings released: EPS: JP¥4.61 (vs JP¥3.78 in 1Q 2024) First quarter 2025 results: EPS: JP¥4.61 (up from JP¥3.78 in 1Q 2024). Revenue: JP¥19.1b (up 452% from 1Q 2024). Net income: JP¥1.26b (up JP¥1.20b from 1Q 2024). Profit margin: 6.6% (up from 1.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 46% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Media industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 169 percentage points per year, which is a significant difference in performance. New Risk • Mar 30
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 16x increase in shares outstanding. This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (14% average weekly change). Shareholders have been substantially diluted in the past year (over 16x increase in shares outstanding). Reported Earnings • Mar 27
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: JP¥0.25 loss per share (down from JP¥2.48 profit in FY 2023). Revenue: JP¥13.0b (down 13% from FY 2023). Net loss: JP¥4.00m (down 110% from profit in FY 2023). Profit margin: 0% (down from 0.3% in FY 2023). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 60% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Media industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 132 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 18
GMO internet, Inc. to Report Q1, 2025 Results on May 14, 2025 GMO internet, Inc. announced that they will report Q1, 2025 results on May 14, 2025 Reported Earnings • Feb 14
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: JP¥0.25 loss per share (down from JP¥2.48 profit in FY 2023). Revenue: JP¥13.0b (down 13% from FY 2023). Net loss: JP¥4.00m (down 110% from profit in FY 2023). Profit margin: 0% (down from 0.3% in FY 2023). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 59% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 137 percentage points per year, which is a significant difference in performance. Aankondiging • Feb 12
GMO internet, Inc., Annual General Meeting, Mar 19, 2025 GMO internet, Inc., Annual General Meeting, Mar 19, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥6.90 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 24 March 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.3%). Aankondiging • Dec 06
GMO AD Partners Inc. to Report Fiscal Year 2024 Results on Feb 05, 2025 GMO AD Partners Inc. announced that they will report fiscal year 2024 results on Feb 05, 2025 Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: JP¥2.30 (vs JP¥3.72 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥2.30 (up from JP¥3.72 loss in 3Q 2023). Revenue: JP¥3.08b (down 11% from 3Q 2023). Net income: JP¥37.0m (up JP¥97.0m from 3Q 2023). Profit margin: 1.2% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Revenue is forecast to grow 76% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Aankondiging • Sep 27
GMO AD Partners Inc. to Report Q3, 2024 Results on Nov 06, 2024 GMO AD Partners Inc. announced that they will report Q3, 2024 results on Nov 06, 2024 New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risk Market cap is less than US$100m (JP¥7.51b market cap, or US$53.4m). Reported Earnings • Aug 13
Second quarter 2024 earnings released: JP¥9.06 loss per share (vs JP¥0.43 loss in 2Q 2023) Second quarter 2024 results: JP¥9.06 loss per share (further deteriorated from JP¥0.43 loss in 2Q 2023). Revenue: JP¥3.08b (down 21% from 2Q 2023). Net loss: JP¥146.0m (loss widened JP¥139.0m from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. New Risk • Jun 26
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 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (JP¥6.88b market cap, or US$42.9m). Aankondiging • Jun 08
GMO AD Partners Inc. to Report Q2, 2024 Results on Aug 06, 2024 GMO AD Partners Inc. announced that they will report Q2, 2024 results on Aug 06, 2024 Reported Earnings • May 09
First quarter 2024 earnings released: EPS: JP¥3.78 (vs JP¥7.02 in 1Q 2023) First quarter 2024 results: EPS: JP¥3.78 (down from JP¥7.02 in 1Q 2023). Revenue: JP¥3.45b (down 19% from 1Q 2023). Net income: JP¥61.0m (down 46% from 1Q 2023). Profit margin: 1.8% (down from 2.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: JP¥2.48 (vs JP¥24.93 in FY 2022) Full year 2023 results: EPS: JP¥2.48 (down from JP¥24.93 in FY 2022). Revenue: JP¥14.9b (down 10% from FY 2022). Net income: JP¥40.0m (down 90% from FY 2022). Profit margin: 0.3% (down from 2.4% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 16% per year. Aankondiging • Feb 29
GMO AD Partners Inc. to Report Q1, 2024 Results on May 08, 2024 GMO AD Partners Inc. announced that they will report Q1, 2024 results on May 08, 2024 Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: JP¥2.48 (vs JP¥24.93 in FY 2022) Full year 2023 results: EPS: JP¥2.48 (down from JP¥24.93 in FY 2022). Revenue: JP¥14.9b (down 10% from FY 2022). Net income: JP¥40.0m (down 90% from FY 2022). Profit margin: 0.3% (down from 2.4% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Aankondiging • Feb 07
GMO AD Partners Inc., Annual General Meeting, Mar 19, 2024 GMO AD Partners Inc., Annual General Meeting, Mar 19, 2024. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥2.40 per share at 3.8% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 25 March 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.7%). Aankondiging • Dec 05
GMO AD Partners Inc. to Report Fiscal Year 2023 Results on Feb 05, 2024 GMO AD Partners Inc. announced that they will report fiscal year 2023 results on Feb 05, 2024 New Risk • Nov 07
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.2% Last year net profit margin: 2.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 7x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 3.3% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.2% net profit margin). Market cap is less than US$100m (JP¥6.30b market cap, or US$41.9m). Reported Earnings • Nov 07
Third quarter 2023 earnings released: JP¥3.72 loss per share (vs JP¥7.68 profit in 3Q 2022) Third quarter 2023 results: JP¥3.72 loss per share (down from JP¥7.68 profit in 3Q 2022). Revenue: JP¥3.46b (down 18% from 3Q 2022). Net loss: JP¥60.0m (down 149% from profit in 3Q 2022). 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 18% per year, which means it is performing significantly worse than earnings. Aankondiging • Sep 29
GMO AD Partners Inc. to Report Q3, 2023 Results on Nov 06, 2023 GMO AD Partners Inc. announced that they will report Q3, 2023 results on Nov 06, 2023 New Risk • Aug 05
New major risk - Revenue and earnings growth Earnings have declined by 1.1% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 1.1% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (96% payout ratio). Market cap is less than US$100m (JP¥6.77b market cap, or US$47.7m). Reported Earnings • Aug 04
Second quarter 2023 earnings released: JP¥0.43 loss per share (vs JP¥6.16 profit in 2Q 2022) Second quarter 2023 results: JP¥0.43 loss per share (down from JP¥6.16 profit in 2Q 2022). Revenue: JP¥3.88b (down 12% from 2Q 2022). Net loss: JP¥7.00m (down 107% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Aankondiging • Jun 02
GMO AD Partners Inc. to Report Q2, 2023 Results on Aug 03, 2023 GMO AD Partners Inc. announced that they will report Q2, 2023 results on Aug 03, 2023 Reported Earnings • May 09
First quarter 2023 earnings released: EPS: JP¥7.02 (vs JP¥12.44 in 1Q 2022) First quarter 2023 results: EPS: JP¥7.02 (down from JP¥12.44 in 1Q 2022). Revenue: JP¥4.27b (up 7.1% from 1Q 2022). Net income: JP¥113.0m (down 42% from 1Q 2022). Profit margin: 2.6% (down from 4.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year. Buying Opportunity • Apr 13
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥546, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has grown by 8.2%. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: JP¥24.93 (vs JP¥20.51 in FY 2021) Full year 2022 results: EPS: JP¥24.93 (up from JP¥20.51 in FY 2021). Revenue: JP¥16.6b (down 52% from FY 2021). Net income: JP¥395.0m (up 20% from FY 2021). Profit margin: 2.4% (up from 1.0% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 13% per year. Buying Opportunity • Mar 04
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.8%. The fair value is estimated to be JP¥549, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has grown by 8.2%. Buying Opportunity • Feb 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 2.0%. The fair value is estimated to be JP¥550, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 16% over the last 3 years. Earnings per share has grown by 8.2%. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: JP¥24.93 (vs JP¥20.51 in FY 2021) Full year 2022 results: EPS: JP¥24.93 (up from JP¥20.51 in FY 2021). Revenue: JP¥16.6b (down 52% from FY 2021). Net income: JP¥395.0m (up 20% from FY 2021). Profit margin: 2.4% (up from 1.0% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 5% per year. Aankondiging • Feb 08
GMO AD Partners Inc., Annual General Meeting, Mar 23, 2023 GMO AD Partners Inc., Annual General Meeting, Mar 23, 2023. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 22 March 2023. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.7%). Aankondiging • Dec 06
GMO AD Partners Inc. to Report Fiscal Year 2022 Results on Feb 06, 2023 GMO AD Partners Inc. announced that they will report fiscal year 2022 results on Feb 06, 2023 Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: JP¥7.68 (vs JP¥1.31 in 3Q 2021) Third quarter 2022 results: EPS: JP¥7.68 (up from JP¥1.31 in 3Q 2021). Revenue: JP¥4.24b (down 45% from 3Q 2021). Net income: JP¥122.0m (up 481% from 3Q 2021). Profit margin: 2.9% (up from 0.3% in 3Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 4% per year. Aankondiging • Sep 02
GMO AD Partners Inc. to Report Q3, 2022 Results on Nov 07, 2022 GMO AD Partners Inc. announced that they will report Q3, 2022 results on Nov 07, 2022 Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: JP¥6.16 (vs JP¥5.85 in 2Q 2021) Second quarter 2022 results: EPS: JP¥6.16 (up from JP¥5.85 in 2Q 2021). Revenue: JP¥4.40b (down 47% from 2Q 2021). Net income: JP¥97.0m (up 3.2% from 2Q 2021). Profit margin: 2.2% (up from 1.1% 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 1% per year whereas the company’s share price has increased by 5% per year. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥483, the stock trades at a trailing P/E ratio of 21.3x. Average trailing P/E is 15x in the Media industry in Japan. Total returns to shareholders of 26% over the past three years. Aankondiging • Jul 01
GMO AD Partners Inc. to Report Q2, 2022 Results on Aug 04, 2022 GMO AD Partners Inc. announced that they will report Q2, 2022 results on Aug 04, 2022 Reported Earnings • May 11
First quarter 2022 earnings released: EPS: JP¥12.44 (vs JP¥10.34 in 1Q 2021) First quarter 2022 results: EPS: JP¥12.44 (up from JP¥10.34 in 1Q 2021). Revenue: JP¥3.99b (down 59% from 1Q 2021). Net income: JP¥196.0m (up 18% from 1Q 2021). Profit margin: 4.9% (up from 1.7% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 2% per year. Aankondiging • Apr 08
GMO AD Partners Inc. to Report Q1, 2022 Results on May 09, 2022 GMO AD Partners Inc. announced that they will report Q1, 2022 results on May 09, 2022 Aankondiging • Feb 09
GMO AD Partners Inc., Annual General Meeting, Mar 19, 2022 GMO AD Partners Inc., Annual General Meeting, Mar 19, 2022. Reported Earnings • Feb 08
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥21.76 (up from JP¥16.20 in FY 2020). Revenue: JP¥34.5b (flat on FY 2020). Net income: JP¥348.0m (up 34% from FY 2020). Profit margin: 1.0% (up from 0.8% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥9.80 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 22 March 2022. Payout ratio is on the higher end at 91%, however this is supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.9%). Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS JP¥1.31 (vs JP¥4.92 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥7.75b (down 8.6% from 3Q 2020). Net income: JP¥21.0m (down 73% from 3Q 2020). Profit margin: 0.3% (down from 0.9% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Aankondiging • Sep 24
GMO AD Partners Inc. (JASDAQ:4784) announces an Equity Buyback for 350,000 shares, representing 2.18% for ¥195.3 million. GMO AD Partners Inc. (JASDAQ:4784) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 2.18% of its issued share capital (excluding treasury stock), for a total purchase price of ¥195.3 million. The purpose of the program is to contribute to shareholder value. As of June 30, 2021, the company had 16,087,033 issued shares (excluding treasury stock) and 670,167 treasury shares. Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS JP¥5.85 (vs JP¥3.61 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥8.32b (up 3.9% from 2Q 2020). Net income: JP¥94.0m (up 62% from 2Q 2020). Profit margin: 1.1% (up from 0.7% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • May 08
First quarter 2021 earnings released: EPS JP¥10.34 (vs JP¥16.20 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: JP¥9.69b (up 6.0% from 1Q 2020). Net income: JP¥166.0m (down 36% from 1Q 2020). Profit margin: 1.7% (down from 2.8% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 4% per year. Is New 90 Day High Low • Feb 24
New 90-day low: JP¥557 The company is down 19% from its price of JP¥690 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 11% over the same period. Aankondiging • Feb 10
GMO AD Partners Inc., Annual General Meeting, Mar 21, 2021 GMO AD Partners Inc., Annual General Meeting, Mar 21, 2021. Reported Earnings • Feb 10
Full year 2020 earnings released: EPS JP¥16.20 (vs JP¥14.88 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: JP¥34.5b (flat on FY 2019). Net income: JP¥260.0m (up 8.3% from FY 2019). Profit margin: 0.8% (up from 0.7% in FY 2019). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 8% per year.