Valuation Update With 7 Day Price Move • May 22
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥585, the stock trades at a trailing P/E ratio of 21.1x. Average trailing P/E is 14x in the Media industry in Japan. Total loss to shareholders of 62% over the past three years. New Risk • May 21
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 9.8% 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 Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 5.6% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. New Risk • May 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.3b (US$96.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 5.6% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥15.3b market cap, or US$96.2m). Reported Earnings • May 20
Second quarter 2026 earnings released: EPS: JP¥10.48 (vs JP¥1.78 in 2Q 2025) Second quarter 2026 results: EPS: JP¥10.48 (up from JP¥1.78 in 2Q 2025). Revenue: JP¥5.08b (up 18% from 2Q 2025). Net income: JP¥288.0m (up 488% from 2Q 2025). Profit margin: 5.7% (up from 1.1% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 30% per year whereas the company’s share price has fallen by 29% per year. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥916, the stock trades at a trailing P/E ratio of 48.1x. Average trailing P/E is 16x in the Media industry in Japan. Total loss to shareholders of 4.9% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥823, the stock trades at a trailing P/E ratio of 43.2x. Average trailing P/E is 16x in the Media industry in Japan. Total returns to shareholders of 4.5% over the past three years. Reported Earnings • Feb 16
First quarter 2026 earnings released: EPS: JP¥11.10 (vs JP¥0.80 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥11.10 (up from JP¥0.80 loss in 1Q 2025). Revenue: JP¥4.56b (up 18% from 1Q 2025). Net income: JP¥304.0m (up JP¥326.0m from 1Q 2025). Profit margin: 6.7% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 51% 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. Reported Earnings • Dec 25
Full year 2025 earnings released: EPS: JP¥7.10 (vs JP¥10.24 in FY 2024) Full year 2025 results: EPS: JP¥7.10 (down from JP¥10.24 in FY 2024). Revenue: JP¥15.7b (up 14% from FY 2024). Net income: JP¥195.0m (down 31% from FY 2024). Profit margin: 1.2% (down from 2.1% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Aankondiging • Dec 17
MicroAd, Inc. (TSE:9553) proposed to acquire remaining 30% stake in MicroAd Taiwan, Ltd. from Vector Inc. (TSE:6058) for approximately TWD 120 million. MicroAd, Inc. (TSE:9553) proposed to acquire remaining 30% stake in MicroAd Taiwan, Ltd. from Vector Inc. (TSE:6058) for approximately TWD 120 million recently. A cash consideration of approximately TWD 116.99 million (¥580 million) will be paid by MicroAd, Inc. Upon completion, MicroAd, Inc. will own 100% stake in MicroAd Taiwan, Ltd.
As of December 31, 2024, MicroAd Taiwan, Ltd. reported total assets of TWD 311 million (¥1.521 billion) and total common equity of TWD 240 million (¥1.173 billion).
The expected completion of the transaction is January 31, 2026. Reported Earnings • Nov 18
Full year 2025 earnings released: EPS: JP¥7.10 (vs JP¥10.24 in FY 2024) Full year 2025 results: EPS: JP¥7.10 (down from JP¥10.24 in FY 2024). Revenue: JP¥15.7b (up 14% from FY 2024). Net income: JP¥195.0m (down 31% from FY 2024). Profit margin: 1.2% (down from 2.1% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Aankondiging • Nov 14
MicroAd, Inc., Annual General Meeting, Dec 19, 2025 MicroAd, Inc., Annual General Meeting, Dec 19, 2025. Aankondiging • Oct 31
MicroAd, Inc. (TSE:9553) agreed to acquire an additional 36% stake in PT. Mahakarya Adi Indonesia from Pt. Corfina Mitrakreasi for IDR 5.8 billion. MicroAd, Inc. (TSE:9553) agreed to acquire an additional 36% stake in PT. Mahakarya Adi Indonesia from Pt. Corfina Mitrakreasi for IDR 5.8 billion on October 30, 2025. A cash consideration of IDR 5.8 billion will be paid by MicroAd, Inc. As part of consideration, IDR 5.8 billion is paid towards common equity of PT. Mahakarya Adi Indonesia. Upon completion, MicroAd, Inc. will own 50% stake in PT. Mahakarya Adi Indonesia. As part of acquisition, 1,008,000 shares will be acquired.
Contract execution is scheduled in November 2025. The transaction is expected to complete on December 2025. Aankondiging • Oct 02
MicroAd, Inc. to Report Fiscal Year 2025 Results on Nov 14, 2025 MicroAd, Inc. announced that they will report fiscal year 2025 results on Nov 14, 2025 New Risk • Sep 24
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.5b (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). Earnings have declined by 3.6% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.6% net profit margin). Market cap is less than US$100m (JP¥14.5b market cap, or US$97.9m). Reported Earnings • Aug 16
Third quarter 2025 earnings released: EPS: JP¥2.31 (vs JP¥1.56 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥2.31 (up from JP¥1.56 loss in 3Q 2024). Revenue: JP¥3.50b (up 7.9% from 3Q 2024). Net income: JP¥63.0m (up JP¥106.0m from 3Q 2024). Profit margin: 1.8% (up from net loss in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Aankondiging • Jun 11
MicroAd, Inc. to Report Q3, 2025 Results on Aug 14, 2025 MicroAd, Inc. announced that they will report Q3, 2025 results on Aug 14, 2025 Reported Earnings • May 21
Second quarter 2025 earnings released: EPS: JP¥1.78 (vs JP¥7.19 in 2Q 2024) Second quarter 2025 results: EPS: JP¥1.78 (down from JP¥7.19 in 2Q 2024). Revenue: JP¥4.31b (up 18% from 2Q 2024). Net income: JP¥49.0m (down 75% from 2Q 2024). Profit margin: 1.1% (down from 5.4% in 2Q 2024). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Media industry in Japan. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥240, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Media industry in Japan. Total loss to shareholders of 48% over the past year. Aankondiging • Mar 01
MicroAd, Inc. to Report Q2, 2025 Results on May 15, 2025 MicroAd, Inc. announced that they will report Q2, 2025 results on May 15, 2025 Reported Earnings • Feb 17
First quarter 2025 earnings released: JP¥0.80 loss per share (vs JP¥4.77 profit in 1Q 2024) First quarter 2025 results: JP¥0.80 loss per share (down from JP¥4.77 profit in 1Q 2024). Revenue: JP¥3.87b (up 13% from 1Q 2024). Net loss: JP¥22.0m (down 117% from profit in 1Q 2024). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Media industry in Japan. Aankondiging • Jan 17
MicroAd, Inc. to Report Q1, 2025 Results on Feb 14, 2025 MicroAd, Inc. announced that they will report Q1, 2025 results on Feb 14, 2025 New Risk • Jan 10
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 7.4% 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 (7.4% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (JP¥6.82b market cap, or US$43.1m). Aankondiging • Dec 20
MicroAd, Inc. (TSE:9553) announces an Equity Buyback for 600,000 shares, representing 2.17% for ¥150 million. MicroAd, Inc. (TSE:9553) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 2.17% of its issued share capital, for ¥150 million. The purpose of the buyback is to return profits to shareholders and improve capital efficiency, along with using the shares for stock-based compensation and M&A. The program is valid until June 30, 2025. As of November 30, 2024, the company had 27,707,736 outstanding shares and 264 treasury shares. Aankondiging • Nov 14
MicroAd, Inc., Annual General Meeting, Dec 20, 2024 MicroAd, Inc., Annual General Meeting, Dec 20, 2024. Buy Or Sell Opportunity • Oct 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 40% to JP¥235. The fair value is estimated to be JP¥295, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Aankondiging • Sep 04
MicroAd, Inc. to Report Fiscal Year 2024 Results on Nov 14, 2024 MicroAd, Inc. announced that they will report fiscal year 2024 results on Nov 14, 2024 New Risk • Aug 05
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 9.5% 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 (9.5% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (JP¥6.14b market cap, or US$43.1m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 34% After last week's 34% share price decline to JP¥223, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 13x in the Media industry in Japan. Total loss to shareholders of 88% over the past year. Aankondiging • Jun 13
MicroAd, Inc. to Report Q3, 2024 Results on Aug 13, 2024 MicroAd, Inc. announced that they will report Q3, 2024 results on Aug 13, 2024 Reported Earnings • May 21
Second quarter 2024 earnings released: EPS: JP¥7.19 (vs JP¥11.06 in 2Q 2023) Second quarter 2024 results: EPS: JP¥7.19 (down from JP¥11.06 in 2Q 2023). Revenue: JP¥3.64b (down 5.0% from 2Q 2023). Net income: JP¥198.0m (down 34% from 2Q 2023). Profit margin: 5.4% (down from 7.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Media industry in Japan. Aankondiging • Apr 03
MicroAd, Inc. to Report Q2, 2024 Results on May 15, 2024 MicroAd, Inc. announced that they will report Q2, 2024 results on May 15, 2024 Reported Earnings • Feb 17
First quarter 2024 earnings released: EPS: JP¥4.77 (vs JP¥7.87 in 1Q 2023) First quarter 2024 results: EPS: JP¥4.77 (down from JP¥7.87 in 1Q 2023). Revenue: JP¥3.44b (up 2.7% from 1Q 2023). Net income: JP¥131.0m (down 38% from 1Q 2023). Profit margin: 3.8% (down from 6.3% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Media industry in Japan. Aankondiging • Dec 04
MicroAd, Inc. to Report Q1, 2024 Results on Feb 14, 2024 MicroAd, Inc. announced that they will report Q1, 2024 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥735, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Media industry in Japan. Total returns to shareholders of 110% over the past year. Reported Earnings • Nov 19
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥62.59 (up from JP¥19.64 in FY 2022). Revenue: JP¥12.9b (up 5.2% from FY 2022). Net income: JP¥565.0m (up 14% from FY 2022). Profit margin: 4.4% (up from 4.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 20%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Media industry in Japan. Aankondiging • Nov 17
MicroAd, Inc., Annual General Meeting, Dec 20, 2023 MicroAd, Inc., Annual General Meeting, Dec 20, 2023. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to JP¥683, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Media industry in Japan. Total returns to shareholders of 126% over the past year. New Risk • Oct 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.9b (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Market cap is less than US$100m (JP¥14.9b market cap, or US$99.4m). Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥2,216, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Media industry in Japan. Total returns to shareholders of 136% over the past year. Aankondiging • Sep 02
MicroAd, Inc. to Report Fiscal Year 2023 Results on Nov 14, 2023 MicroAd, Inc. announced that they will report fiscal year 2023 results on Nov 14, 2023 Reported Earnings • Aug 10
Third quarter 2023 earnings released: EPS: JP¥4.98 (vs JP¥32.26 in 3Q 2022) Third quarter 2023 results: EPS: JP¥4.98 (down from JP¥32.26 in 3Q 2022). Revenue: JP¥2.88b (down 8.0% from 3Q 2022). Net income: JP¥45.0m (down 84% from 3Q 2022). Profit margin: 1.6% (down from 9.2% in 3Q 2022). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Media industry in Japan. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥5,810, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 14x in the Media industry in Japan. Total returns to shareholders of 518% over the past year. New Risk • Jul 23
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% This is considered a minor 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 Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥5,830, the stock trades at a trailing P/E ratio of 68.7x. Average trailing P/E is 15x in the Media industry in Japan. Aankondiging • Jun 03
MicroAd, Inc. to Report Q3, 2023 Results on Aug 09, 2023 MicroAd, Inc. announced that they will report Q3, 2023 results on Aug 09, 2023 Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥4,590, the stock trades at a trailing P/E ratio of 54.1x. Average trailing P/E is 15x in the Media industry in Japan. Reported Earnings • May 19
Second quarter 2023 earnings released Second quarter 2023 results: EPS: JP¥33.17. Net income: JP¥298.0m (up JP¥298.0m from 2Q 2022). Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥4,575, the stock trades at a trailing P/E ratio of 70.2x. Average trailing P/E is 15x in the Media industry in Japan. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥3,415, the stock trades at a trailing P/E ratio of 52.4x. Average trailing P/E is 15x in the Media industry in Japan. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥2,785, the stock trades at a trailing P/E ratio of 42.6x. Average trailing P/E is 14x in the Media industry in Japan. Reported Earnings • Feb 16
First quarter 2023 earnings released First quarter 2023 results: EPS: JP¥23.62. Net income: JP¥211.0m (up JP¥211.0m from 1Q 2022). Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,769, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 14x in the Media industry in Japan. Aankondiging • Jan 13
MicroAd, Inc. (TSE:9553) agreed to acquire Cory Co., Ltd. MicroAd, Inc. (TSE:9553) agreed to acquire Cory Co., Ltd on January 12, 2023. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment deteriorated over the past week After last week's 23% share price decline to JP¥1,378, the stock trades at a trailing P/E ratio of 24.8x. Average trailing P/E is 13x in the Media industry in Japan. Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥1,602, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 14x in the Media industry in Japan. Buying Opportunity • Dec 02
Now 23% undervalued Over the last 90 days, the stock is up 45%. The fair value is estimated to be JP¥1,721, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Aankondiging • Nov 27
MicroAd, Inc. to Report Q1, 2023 Results on Feb 14, 2023 MicroAd, Inc. announced that they will report Q1, 2023 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 23% share price gain to JP¥1,097, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 14x in the Media industry in Japan. Aankondiging • Nov 16
MicroAd, Inc., Annual General Meeting, Dec 20, 2022 MicroAd, Inc., Annual General Meeting, Dec 20, 2022. Reported Earnings • Nov 16
Full year 2022 earnings released: EPS: JP¥58.90 (vs JP¥4.62 loss in FY 2021) Full year 2022 results: EPS: JP¥58.90 (up from JP¥4.62 loss in FY 2021). Revenue: JP¥12.2b (up 4.8% from FY 2021). Net income: JP¥496.0m (up JP¥534.0m from FY 2021). Profit margin: 4.1% (up from net loss in FY 2021). Aankondiging • Sep 02
MicroAd, Inc. to Report Fiscal Year 2022 Results on Nov 14, 2022 MicroAd, Inc. announced that they will report fiscal year 2022 results on Nov 14, 2022 Aankondiging • Jul 24
MicroAd, Inc. to Report Q3, 2022 Results on Aug 15, 2022 MicroAd, Inc. announced that they will report Q3, 2022 results on Aug 15, 2022 Aankondiging • Jun 30
MicroAd, Inc. has completed an IPO in the amount of ¥3.26274 billion. MicroAd, Inc. has completed an IPO in the amount of ¥3.26274 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,902,700
Price\Range: ¥1410
Discount Per Security: ¥112.8
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 411,300
Price\Range: ¥1410
Discount Per Security: ¥112.8