Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥1,235, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 16x in the IT industry in Japan. Total returns to shareholders of 124% over the past three years. Buy Or Sell Opportunity • Jul 21
Now 32% overvalued after recent price rise Over the last 90 days, the stock has risen 45% to JP¥1,359. The fair value is estimated to be JP¥1,033, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 10%. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥978, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 16x in the IT industry in Japan. Total returns to shareholders of 72% over the past three years. Reported Earnings • Jun 27
First quarter 2027 earnings released: EPS: JP¥9.07 (vs JP¥11.96 in 1Q 2026) First quarter 2027 results: EPS: JP¥9.07 (down from JP¥11.96 in 1Q 2026). Revenue: JP¥4.79b (down 2.7% from 1Q 2026). Net income: JP¥163.0m (down 25% from 1Q 2026). Profit margin: 3.4% (down from 4.4% in 1Q 2026). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Buy Or Sell Opportunity • Jun 27
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.4% to JP¥773. The fair value is estimated to be JP¥1,067, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has grown by 10%. New Risk • Jun 26
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 9.2% 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 (9.2% average weekly change). Minor Risk Market cap is less than US$100m (JP¥13.8b market cap, or US$85.3m). Declared Dividend • Jun 12
Final dividend increased to JP¥15.00 Dividend of JP¥15.00 is 50% higher than last year. Ex-date: 28th August 2026 Payment date: 5th November 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (44% cash payout ratio). The dividend has increased by an average of 14% per year over the past 9 years and payments have been stable during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • May 27
Now 22% undervalued Over the last 90 days, the stock has risen 19% to JP¥989. The fair value is estimated to be JP¥1,261, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 12%. Aankondiging • May 26
YE DIGITAL Corporation to Report Q1, 2027 Results on Jun 25, 2026 YE DIGITAL Corporation announced that they will report Q1, 2027 results on Jun 25, 2026 Valuation Update With 7 Day Price Move • May 26
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,034, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 15x in the IT industry in Japan. Total returns to shareholders of 153% over the past three years. New Risk • May 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.4b (US$96.8m) 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: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (JP¥15.4b market cap, or US$96.8m). Buy Or Sell Opportunity • May 01
Now 21% undervalued Over the last 90 days, the stock has risen 13% to JP¥896. The fair value is estimated to be JP¥1,139, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years. Earnings per share has grown by 12%. Reported Earnings • Apr 02
Full year 2026 earnings released: EPS: JP¥71.41 (vs JP¥56.80 in FY 2025) Full year 2026 results: EPS: JP¥71.41 (up from JP¥56.80 in FY 2025). Revenue: JP¥20.3b (up 1.6% from FY 2025). Net income: JP¥1.28b (up 24% from FY 2025). Profit margin: 6.3% (up from 5.2% in FY 2025). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Mar 31
YE DIGITAL Corporation, Annual General Meeting, May 22, 2026 YE DIGITAL Corporation, Annual General Meeting, May 22, 2026. Upcoming Dividend • Feb 19
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 26 May 2026. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.7%). Reported Earnings • Dec 24
Third quarter 2026 earnings released: EPS: JP¥23.81 (vs JP¥4.59 in 3Q 2025) Third quarter 2026 results: EPS: JP¥23.81 (up from JP¥4.59 in 3Q 2025). Revenue: JP¥5.32b (up 15% from 3Q 2025). Net income: JP¥425.0m (up 406% from 3Q 2025). Profit margin: 8.0% (up from 1.8% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Dec 15
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 5.7% 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 (23% accrual ratio). Minor Risks Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share). Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (JP¥13.7b market cap, or US$88.6m). Aankondiging • Nov 27
YE DIGITAL Corporation to Report Q3, 2026 Results on Dec 23, 2025 YE DIGITAL Corporation announced that they will report Q3, 2026 results on Dec 23, 2025 Declared Dividend • Nov 06
First half dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 26th February 2026 Payment date: 26th May 2026 Dividend yield will be 3.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but not covered by cash flows (dividend approximately 6x free cash flows). The dividend has increased by an average of 14% per year over the past 9 years and payments have been stable during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 02
Second quarter 2026 earnings released: EPS: JP¥12.46 (vs JP¥20.12 in 2Q 2025) Second quarter 2026 results: EPS: JP¥12.46 (down from JP¥20.12 in 2Q 2025). Revenue: JP¥4.75b (down 5.4% from 2Q 2025). Net income: JP¥223.0m (down 39% from 2Q 2025). Profit margin: 4.7% (down from 7.3% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 01
Now 25% undervalued Over the last 90 days, the stock has risen 5.6% to JP¥683. The fair value is estimated to be JP¥905, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 20%. Board Change • Aug 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Yoichi Sagara was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Aug 27
YE DIGITAL Corporation to Report Q2, 2026 Results on Sep 30, 2025 YE DIGITAL Corporation announced that they will report Q2, 2026 results on Sep 30, 2025 Upcoming Dividend • Aug 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 05 November 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.2%). Reported Earnings • Jun 27
First quarter 2026 earnings released: EPS: JP¥11.96 (vs JP¥10.51 in 1Q 2025) First quarter 2026 results: EPS: JP¥11.96 (up from JP¥10.51 in 1Q 2025). Revenue: JP¥4.92b (down 2.8% from 1Q 2025). Net income: JP¥218.0m (up 14% from 1Q 2025). Profit margin: 4.4% (up from 3.8% in 1Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jun 18
Final dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 28th August 2025 Payment date: 5th November 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (35% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 16% per year over the past 8 years and payments have been stable during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • May 27
YE DIGITAL Corporation to Report Q1, 2026 Results on Jun 26, 2025 YE DIGITAL Corporation announced that they will report Q1, 2026 results on Jun 26, 2025 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥483, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 15x in the IT industry in Japan. Total returns to shareholders of 22% over the past three years. Reported Earnings • Apr 02
Full year 2025 earnings released: EPS: JP¥56.80 (vs JP¥60.22 in FY 2024) Full year 2025 results: EPS: JP¥56.80 (down from JP¥60.22 in FY 2024). Revenue: JP¥19.9b (up 2.3% from FY 2024). Net income: JP¥1.04b (down 4.9% from FY 2024). Profit margin: 5.2% (down from 5.6% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 01
YE DIGITAL Corporation (TSE:2354) announces an Equity Buyback for 500,000 shares, representing 2.73% for ¥400 million. YE DIGITAL Corporation (TSE:2354) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 2.73% of its issued share capital (excluding treasury stock), for ¥400 million. The purpose of the program is to improve shareholder returns and capital efficiency in order to achieve sustainable growth and increase its corporate value over the medium to long term. The program will run until February 27, 2026. As of February 28, 2025, the company had 18,319,085 shares in issue (excluding treasury stock) and 315 shares in treasury. Aankondiging • Mar 31
YE DIGITAL Corporation, Annual General Meeting, May 23, 2025 YE DIGITAL Corporation, Annual General Meeting, May 23, 2025. Aankondiging • Mar 07
YE DIGITAL Corporation to Report Fiscal Year 2025 Results on Mar 31, 2025 YE DIGITAL Corporation announced that they will report fiscal year 2025 results on Mar 31, 2025 Buy Or Sell Opportunity • Feb 28
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to JP¥594. The fair value is estimated to be JP¥754, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 30%. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 27 May 2025. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.3%). Buy Or Sell Opportunity • Feb 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.8% to JP¥627. The fair value is estimated to be JP¥795, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 30%. Reported Earnings • Dec 26
Second quarter 2025 earnings released: EPS: JP¥20.12 (vs JP¥20.79 in 2Q 2024) Second quarter 2025 results: EPS: JP¥20.12 (down from JP¥20.79 in 2Q 2024). Revenue: JP¥5.02b (down 5.9% from 2Q 2024). Net income: JP¥368.0m (down 2.4% from 2Q 2024). Profit margin: 7.3% (up from 7.1% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥603, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 35% over the past three years. New Risk • Dec 25
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 6.0% 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 (6.0% average weekly change). Market cap is less than US$100m (JP¥11.1b market cap, or US$70.9m). Aankondiging • Nov 27
YE DIGITAL Corporation to Report Q3, 2025 Results on Dec 24, 2024 YE DIGITAL Corporation announced that they will report Q3, 2025 results on Dec 24, 2024 Declared Dividend • Nov 06
First half dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 27th February 2025 Payment date: 27th May 2025 Dividend yield will be 2.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 16% per year over the past 8 years and payments have been stable during that time. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Declared Dividend • Oct 02
First half dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 27th February 2025 Payment date: 27th May 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 15% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 36% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 02
Second quarter 2025 earnings released: EPS: JP¥20.11 (vs JP¥20.79 in 2Q 2024) Second quarter 2025 results: EPS: JP¥20.11 (down from JP¥20.79 in 2Q 2024). Revenue: JP¥5.02b (down 5.9% from 2Q 2024). Net income: JP¥368.0m (down 2.4% from 2Q 2024). Profit margin: 7.3% (up from 7.1% in 2Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 31
YE DIGITAL Corporation to Report Q2, 2025 Results on Sep 30, 2024 YE DIGITAL Corporation announced that they will report Q2, 2025 results on Sep 30, 2024 Upcoming Dividend • Aug 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 06 November 2024. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to JP¥584, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 15% over the past three years. New Risk • Aug 02
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 7.5% 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 (7.5% average weekly change). Minor Risks Dividend is not well covered by cash flows (99% cash payout ratio). Market cap is less than US$100m (JP¥12.5b market cap, or US$84.2m). Declared Dividend • Jun 06
Final dividend of JP¥8.00 announced Shareholders will receive a dividend of JP¥8.00. Ex-date: 29th August 2024 Payment date: 6th November 2024 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (17% earnings payout ratio) but not adequately covered by cash flows (98% cash payout ratio). The dividend has increased by an average of 15% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 40% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 01
Full year 2024 earnings released: EPS: JP¥60.22 (vs JP¥43.18 in FY 2023) Full year 2024 results: EPS: JP¥60.22 (up from JP¥43.18 in FY 2023). Revenue: JP¥19.5b (up 21% from FY 2023). Net income: JP¥1.09b (up 40% from FY 2023). Profit margin: 5.6% (up from 4.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Aankondiging • May 29
YE DIGITAL Corporation to Report Q1, 2025 Results on Jun 27, 2024 YE DIGITAL Corporation announced that they will report Q1, 2025 results on Jun 27, 2024 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥696, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 19x in the IT industry in Japan. Total returns to shareholders of 7.2% over the past three years. Aankondiging • Mar 31
YE DIGITAL Corporation, Annual General Meeting, May 24, 2024 YE DIGITAL Corporation, Annual General Meeting, May 24, 2024. Reported Earnings • Mar 31
Full year 2024 earnings released: EPS: JP¥60.21 (vs JP¥43.18 in FY 2023) Full year 2024 results: EPS: JP¥60.21 (up from JP¥43.18 in FY 2023). Revenue: JP¥19.5b (up 21% from FY 2023). Net income: JP¥1.09b (up 40% from FY 2023). Profit margin: 5.6% (up from 4.8% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 01
YE DIGITAL Corporation to Report Q4, 2024 Results on Mar 29, 2024 YE DIGITAL Corporation announced that they will report Q4, 2024 results on Mar 29, 2024 Upcoming Dividend • Feb 21
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 22 May 2024. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Reported Earnings • Dec 23
Third quarter 2024 earnings released: EPS: JP¥17.42 (vs JP¥10.09 in 3Q 2023) Third quarter 2024 results: EPS: JP¥17.42 (up from JP¥10.09 in 3Q 2023). Revenue: JP¥5.10b (up 32% from 3Q 2023). Net income: JP¥316.0m (up 73% from 3Q 2023). Profit margin: 6.2% (up from 4.7% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Aankondiging • Nov 30
YE DIGITAL Corporation to Report Q3, 2024 Results on Dec 22, 2023 YE DIGITAL Corporation announced that they will report Q3, 2024 results on Dec 22, 2023 Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥829, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 42% over the past three years. Reported Earnings • Sep 30
Second quarter 2024 earnings released: EPS: JP¥20.79 (vs JP¥5.02 in 2Q 2023) Second quarter 2024 results: EPS: JP¥20.79 (up from JP¥5.02 in 2Q 2023). Revenue: JP¥5.33b (up 37% from 2Q 2023). Net income: JP¥377.0m (up 314% from 2Q 2023). Profit margin: 7.1% (up from 2.3% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥5.00 per share at 1.6% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 06 November 2023. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (1.6%). New Risk • Jun 29
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 5.4% 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 Dividend is not well covered by cash flows (183% cash payout ratio). Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (JP¥10.5b market cap, or US$72.7m). Reported Earnings • Jun 28
First quarter 2024 earnings released: EPS: JP¥5.29 (vs JP¥11.75 in 1Q 2023) First quarter 2024 results: EPS: JP¥5.29 (down from JP¥11.75 in 1Q 2023). Revenue: JP¥4.42b (up 38% from 1Q 2023). Net income: JP¥96.0m (down 55% from 1Q 2023). Profit margin: 2.2% (down from 6.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Aankondiging • May 28
YE DIGITAL Corporation to Report Q1, 2024 Results on Jun 27, 2023 YE DIGITAL Corporation announced that they will report Q1, 2024 results on Jun 27, 2023 Reported Earnings • Mar 31
Full year 2023 earnings released: EPS: JP¥43.18 (vs JP¥22.23 in FY 2022) Full year 2023 results: EPS: JP¥43.18 (up from JP¥22.23 in FY 2022). Revenue: JP¥16.2b (up 18% from FY 2022). Net income: JP¥783.0m (up 94% from FY 2022). Profit margin: 4.8% (up from 2.9% in FY 2022). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥5.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 23 May 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Aankondiging • Feb 02
YE DIGITAL Corporation to Report Fiscal Year 2023 Results on Mar 30, 2023 YE DIGITAL Corporation announced that they will report fiscal year 2023 results on Mar 30, 2023 Reported Earnings • Dec 26
Third quarter 2023 earnings released: EPS: JP¥10.09 (vs JP¥0.17 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥10.09 (up from JP¥0.17 loss in 3Q 2022). Revenue: JP¥3.87b (up 29% from 3Q 2022). Net income: JP¥183.0m (up JP¥186.0m from 3Q 2022). Profit margin: 4.7% (up from net loss in 3Q 2022). 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 15% per year, which means it is significantly lagging earnings. Aankondiging • Dec 08
YE DIGITAL Corporation to Report Q3, 2023 Results on Dec 23, 2022 YE DIGITAL Corporation announced that they will report Q3, 2023 results on Dec 23, 2022 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. No independent directors (6 non-independent directors). President and Representative Director Toshio Morohoshi was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 01
Second quarter 2023 earnings released: EPS: JP¥5.02 (vs JP¥9.10 in 2Q 2022) Second quarter 2023 results: EPS: JP¥5.02 (down from JP¥9.10 in 2Q 2022). Revenue: JP¥3.89b (up 8.4% from 2Q 2022). Net income: JP¥91.0m (down 45% from 2Q 2022). Profit margin: 2.3% (down from 4.6% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Aankondiging • Aug 28
YE DIGITAL Corporation to Report Q2, 2023 Results on Sep 29, 2022 YE DIGITAL Corporation announced that they will report Q2, 2023 results on Sep 29, 2022 Upcoming Dividend • Aug 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 04 November 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Jun 27
First quarter 2023 earnings released: EPS: JP¥11.75 (vs JP¥0.50 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥11.75 (up from JP¥0.50 loss in 1Q 2022). Revenue: JP¥3.19b (up 2.2% from 1Q 2022). Net income: JP¥213.0m (up JP¥222.0m from 1Q 2022). Profit margin: 6.7% (up from net loss in 1Q 2022). 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 8% per year, which means it is significantly lagging earnings growth. Aankondiging • May 29
YE DIGITAL Corporation to Report Q1, 2023 Results on Jun 24, 2022 YE DIGITAL Corporation announced that they will report Q1, 2023 results on Jun 24, 2022 Reported Earnings • May 29
Full year 2022 earnings released: EPS: JP¥22.23 (vs JP¥35.36 in FY 2021) Full year 2022 results: EPS: JP¥22.23 (down from JP¥35.36 in FY 2021). Revenue: JP¥13.7b (down 5.2% from FY 2021). Net income: JP¥403.0m (down 37% from FY 2021). Profit margin: 2.9% (down from 4.4% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. No independent directors (6 non-independent directors). President and Representative Director Toshio Morohoshi was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: JP¥22.23 (vs JP¥35.36 in FY 2021) Full year 2022 results: EPS: JP¥22.23 (down from JP¥35.36 in FY 2021). Revenue: JP¥13.7b (down 5.2% from FY 2021). Net income: JP¥403.0m (down 37% from FY 2021). Profit margin: 2.9% (down from 4.4% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 18
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 24 May 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Reported Earnings • Dec 27
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥0.17 loss per share (down from JP¥10.70 profit in 3Q 2021). Revenue: JP¥3.01b (down 13% from 3Q 2021). Net loss: JP¥3.00m (down 101% from profit in 3Q 2021). Revenue was in line with analyst estimates. 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 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 30
Second quarter 2022 earnings released: EPS JP¥9.10 (vs JP¥12.52 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥3.59b (down 1.9% from 2Q 2021). Net income: JP¥165.0m (down 27% from 2Q 2021). Profit margin: 4.6% (down from 6.2% in 2Q 2021). Upcoming Dividend • Aug 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 04 November 2021. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.1%). Higher than average of industry peers (1.4%). Reported Earnings • Jul 18
First quarter 2022 earnings released: JP¥0.50 loss per share (vs JP¥5.74 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥3.12b (up 5.1% from 1Q 2021). Net loss: JP¥9.00m (loss narrowed 91% from 1Q 2021). Reported Earnings • Jun 27
First quarter 2022 earnings released: JP¥0.50 loss per share (vs JP¥5.74 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥3.12b (up 5.1% from 1Q 2021). Net loss: JP¥9.00m (loss narrowed 91% from 1Q 2021). Reported Earnings • Mar 28
Full year 2021 earnings released: EPS JP¥35.36 (vs JP¥20.88 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥14.5b (up 5.0% from FY 2020). Net income: JP¥641.0m (up 70% from FY 2020). Profit margin: 4.4% (up from 2.7% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Aankondiging • Feb 27
YE DIGITAL Corporation to Report Fiscal Year 2021 Results on Mar 26, 2021 YE DIGITAL Corporation announced that they will report fiscal year 2021 results on Mar 26, 2021 Is New 90 Day High Low • Feb 25
New 90-day low: JP¥686 The company is down 2.0% from its price of JP¥702 on 27 November 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is flat over the same period. Reported Earnings • Jan 15
Third quarter 2021 earnings released: EPS JP¥10.70 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥3.45b (up 20% from 3Q 2020). Net income: JP¥194.0m (up JP¥196.0m from 3Q 2020). Profit margin: 5.6% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥845, the stock is trading at a trailing P/E ratio of 30.6x, up from the previous P/E ratio of 25.3x. This compares to an average P/E of 29x in the IT industry in Japan. Total returns to shareholders over the past three years are 39%. Reported Earnings • Dec 26
Third quarter 2021 earnings released: EPS JP¥10.70 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥3.45b (up 20% from 3Q 2020). Net income: JP¥194.0m (up JP¥196.0m from 3Q 2020). Profit margin: 5.6% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Dec 21
New 90-day high: JP¥777 The company is up 31% from its price of JP¥593 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 1.0% over the same period.