Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to JP¥941, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 15x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 47% over the past three years. Reported Earnings • Mar 12
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: JP¥35.30 (down from JP¥89.25 in FY 2025). Revenue: JP¥2.56b (up 18% from FY 2025). Net income: JP¥96.0m (down 61% from FY 2025). Profit margin: 3.8% (down from 11% in FY 2025). Revenue missed analyst estimates by 7.0%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Interactive Media and Services industry in Japan. Aankondiging • Mar 11
Howtelevision, Inc., Annual General Meeting, Apr 30, 2026 Howtelevision, Inc., Annual General Meeting, Apr 30, 2026. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,310, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 16x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 21% over the past three years. Reported Earnings • Dec 16
Third quarter 2026 earnings released: JP¥17.28 loss per share (vs JP¥9.56 profit in 3Q 2025) Third quarter 2026 results: JP¥17.28 loss per share (down from JP¥9.56 profit in 3Q 2025). Revenue: JP¥492.0m (down 7.5% from 3Q 2025). Net loss: JP¥47.0m (down 281% from profit in 3Q 2025). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Interactive Media and Services industry in Japan. Reported Earnings • Sep 13
Second quarter 2026 earnings released: EPS: JP¥34,945 (vs JP¥9.56 in 2Q 2025) Second quarter 2026 results: EPS: JP¥34,945 (up from JP¥9.56 in 2Q 2025). Revenue: JP¥829.0m (up 56% from 2Q 2025). Net income: JP¥159.0m (up JP¥133.0m from 2Q 2025). Profit margin: 19% (up from 4.9% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. New Risk • Jul 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (JP¥3.29b market cap, or US$22.8m). New Risk • Apr 23
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (JP¥2.52b market cap, or US$17.8m). Aankondiging • Apr 01
Howtelevision, Inc. to Report Q3, 2026 Results on Dec 10, 2025 Howtelevision, Inc. announced that they will report Q3, 2026 results on Dec 10, 2025 Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: JP¥179 (vs JP¥222 in FY 2024) Full year 2025 results: EPS: JP¥179 (down from JP¥222 in FY 2024). Revenue: JP¥2.17b (up 18% from FY 2024). Net income: JP¥243.0m (down 19% from FY 2024). Profit margin: 11% (down from 16% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 12
Howtelevision, Inc., Annual General Meeting, Apr 23, 2025 Howtelevision, Inc., Annual General Meeting, Apr 23, 2025. Reported Earnings • Dec 13
Third quarter 2025 earnings released: EPS: JP¥24.25 (vs JP¥34.73 in 3Q 2024) Third quarter 2025 results: EPS: JP¥24.25 (down from JP¥34.73 in 3Q 2024). Revenue: JP¥494.0m (up 14% from 3Q 2024). Net income: JP¥33.0m (down 30% from 3Q 2024). Profit margin: 6.7% (down from 11% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 15
Second quarter 2025 earnings released: EPS: JP¥151 (vs JP¥129 in 2Q 2024) Second quarter 2025 results: EPS: JP¥151 (up from JP¥129 in 2Q 2024). Revenue: JP¥778.0m (up 23% from 2Q 2024). Net income: JP¥206.0m (up 18% from 2Q 2024). Profit margin: 27% (down from 28% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (JP¥2.72b market cap, or US$19.1m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥2,005, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 19x in the Software industry in Japan. Total returns to shareholders of 5.0% over the past three years. Reported Earnings • Jun 16
First quarter 2025 earnings released: JP¥16.16 loss per share (vs JP¥14.06 loss in 1Q 2024) First quarter 2025 results: JP¥16.16 loss per share (further deteriorated from JP¥14.06 loss in 1Q 2024). Revenue: JP¥362.0m (up 27% from 1Q 2024). Net loss: JP¥22.0m (loss widened 16% from 1Q 2024). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 03
Howtelevision, Inc. (TSE:7064) completed the acquisition of Roglio Inc from Satoru Ushijima. Howtelevision, Inc. (TSE:7064) agreed to acquire Roglio Inc from Satoru Ushijima for ¥230 million on March 11, 2024. As per the transaction, Howtelevision, Inc. will acquire 141 shares of Roglio Inc. As of April 2023, Roglio Inc. generated net assets of ¥29 million, total assets of ¥62 million, sales of ¥57 million, operating income of ¥14 million and net income of ¥15 million. The transaction is expected to close on April 1, 2024.
Howtelevision, Inc. (TSE:7064) completed the acquisition of Roglio Inc from Satoru Ushijima on April 1, 2024. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥2,529, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 24x in the Software industry in Japan. Total returns to shareholders of 34% over the past three years. Reported Earnings • Mar 08
Full year 2024 earnings released: EPS: JP¥222 (vs JP¥212 in FY 2023) Full year 2024 results: EPS: JP¥222 (up from JP¥212 in FY 2023). Revenue: JP¥1.84b (up 19% from FY 2023). Net income: JP¥300.0m (up 6.0% from FY 2023). Profit margin: 16% (down from 18% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 08
Howtelevision, Inc., Annual General Meeting, Apr 24, 2024 Howtelevision, Inc., Annual General Meeting, Apr 24, 2024. 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 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (JP¥3.42b market cap, or US$22.7m). Aankondiging • Dec 29
Howtelevision, Inc. to Report Fiscal Year 2024 Results on Mar 06, 2024 Howtelevision, Inc. announced that they will report fiscal year 2024 results on Mar 06, 2024 Reported Earnings • Dec 08
Third quarter 2024 earnings released: EPS: JP¥34.73 (vs JP¥14.13 in 3Q 2023) Third quarter 2024 results: EPS: JP¥34.73 (up from JP¥14.13 in 3Q 2023). Revenue: JP¥434.0m (up 32% from 3Q 2023). Net income: JP¥47.0m (up 147% from 3Q 2023). Profit margin: 11% (up from 5.8% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 08
Second quarter 2024 earnings released: EPS: JP¥129 (vs JP¥96.90 in 2Q 2023) Second quarter 2024 results: EPS: JP¥129 (up from JP¥96.90 in 2Q 2023). Revenue: JP¥631.0m (up 28% from 2Q 2023). Net income: JP¥174.0m (up 35% from 2Q 2023). Profit margin: 28% (up from 26% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jul 20
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be JP¥4,164, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 89%. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings is also forecast to grow by 30% per annum over the same time period. Reported Earnings • Jun 09
First quarter 2024 earnings released: JP¥14.06 loss per share (vs JP¥32.76 profit in 1Q 2023) First quarter 2024 results: JP¥14.06 loss per share (down from JP¥32.76 profit in 1Q 2023). Revenue: JP¥286.0m (up 5.9% from 1Q 2023). Net loss: JP¥19.0m (down 144% from profit in 1Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥3,040, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 31x in the Software industry in Japan. Total returns to shareholders of 45% over the past three years. Reported Earnings • May 03
Full year 2023 earnings released: EPS: JP¥212 (vs JP¥61.07 in FY 2022) Full year 2023 results: EPS: JP¥212 (up from JP¥61.07 in FY 2022). Revenue: JP¥1.54b (up 35% from FY 2022). Net income: JP¥283.0m (up 258% from FY 2022). Profit margin: 18% (up from 6.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥3,560, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 22x in the Software industry in Japan. Total returns to shareholders of 251% over the past three years. Reported Earnings • Mar 09
Full year 2023 earnings released: EPS: JP¥212 (vs JP¥61.07 in FY 2022) Full year 2023 results: EPS: JP¥212 (up from JP¥61.07 in FY 2022). Revenue: JP¥1.54b (up 35% from FY 2022). Net income: JP¥283.0m (up 258% from FY 2022). Profit margin: 18% (up from 6.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥4,305, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 24x in the Software industry in Japan. Total returns to shareholders of 90% over the past three years. Buying Opportunity • Dec 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be JP¥4,345, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Dec 09
Third quarter 2023 earnings released: EPS: JP¥14.13 (vs JP¥22.40 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥14.13 (up from JP¥22.40 loss in 3Q 2022). Revenue: JP¥330.0m (up 37% from 3Q 2022). Net income: JP¥19.0m (up JP¥48.0m from 3Q 2022). Profit margin: 5.8% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment deteriorated over the past week After last week's 20% share price decline to JP¥4,095, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 23x in the Software industry in Japan. Total returns to shareholders of 36% over the past three years. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Outside Director Atsushi Akaike 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. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥4,790, the stock trades at a trailing P/E ratio of 25.1x. Average trailing P/E is 24x in the Software industry in Japan. Total returns to shareholders of 82% over the past three years. Reported Earnings • Sep 09
Second quarter 2023 earnings released: EPS: JP¥96.90 (vs JP¥25.54 in 2Q 2022) Second quarter 2023 results: EPS: JP¥96.90 (up from JP¥25.54 in 2Q 2022). Revenue: JP¥491.0m (up 43% from 2Q 2022). Net income: JP¥129.0m (up 291% from 2Q 2022). Profit margin: 26% (up from 9.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥3,155, the stock trades at a trailing P/E ratio of 26.2x. Average trailing P/E is 24x in the Software industry in Japan. Total returns to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 21% share price decline to JP¥1,901, the stock trades at a trailing P/E ratio of 15.6x. Average trailing P/E is 22x in the Software industry in Japan. Total loss to shareholders of 42% over the past three years. Reported Earnings • Jun 10
First quarter 2023 earnings released: EPS: JP¥32.76 (vs JP¥30.21 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥32.76 (up from JP¥30.21 loss in 1Q 2022). Revenue: JP¥270.0m (up 25% from 1Q 2022). Net income: JP¥43.0m (up JP¥82.0m from 1Q 2022). Profit margin: 16% (up from net loss in 1Q 2022). The move to profitability was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥2,280, the stock trades at a trailing P/E ratio of 38.2x. Average trailing P/E is 23x in the Software industry in Japan. Total loss to shareholders of 49% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Outside Director Atsushi Akaike 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 08
Howtelevision, Inc., Annual General Meeting, Apr 27, 2022 Howtelevision, Inc., Annual General Meeting, Apr 27, 2022. Reported Earnings • Mar 11
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: JP¥61.07 (up from JP¥183 loss in FY 2021). Revenue: JP¥1.14b (up 32% from FY 2021). Net income: JP¥79.0m (up JP¥314.0m from FY 2021). Profit margin: 6.9% (up from net loss in FY 2021). The move to profitability was primarily driven by higher revenue. Revenue was in line with analyst estimates. Reported Earnings • Sep 10
Second quarter 2022 earnings released: EPS JP¥25.54 (vs JP¥14.85 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥344.0m (up 39% from 2Q 2021). Net income: JP¥33.0m (up JP¥52.0m from 2Q 2021). Profit margin: 9.6% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Reported Earnings • Jun 11
First quarter 2022 earnings released: JP¥30.21 loss per share (vs JP¥25.24 loss in 1Q 2021) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: JP¥216.0m (up 11% from 1Q 2021). Net loss: JP¥39.0m (loss widened 22% from 1Q 2021). Aankondiging • Mar 12
Howtelevision, Inc., Annual General Meeting, Apr 28, 2021 Howtelevision, Inc., Annual General Meeting, Apr 28, 2021. Reported Earnings • Mar 12
Full year 2021 earnings released: JP¥183 loss per share (vs JP¥38.19 profit in FY 2020) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: JP¥868.0m (up 4.1% from FY 2020). Net loss: JP¥235.0m (down JP¥281.0m from profit in FY 2020). Is New 90 Day High Low • Jan 12
New 90-day low: JP¥1,604 The company is down 31% from its price of JP¥2,320 on 14 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥1,961 The company is down 8.0% from its price of JP¥2,125 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 2.0% over the same period. Reported Earnings • Dec 12
Third quarter 2021 earnings released: JP¥56.54 loss per share The company reported a mediocre third quarter result with increased losses and weaker control over expenses, although revenues were improved. Third quarter 2021 results: Revenue: JP¥219.0m (up 31% from 3Q 2020). Net loss: JP¥73.0m (loss widened JP¥66.0m from 3Q 2020).