Declared Dividend • Jul 25
Final dividend of JP¥24.00 announced Shareholders will receive a dividend of JP¥24.00. Ex-date: 29th September 2026 Payment date: 7th December 2026 Dividend yield will be 3.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 19% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Aankondiging • Jul 03
Ad-Sol Nissin Corporation to Report Q1, 2027 Results on Aug 06, 2026 Ad-Sol Nissin Corporation announced that they will report Q1, 2027 results on Aug 06, 2026 Board Change • Jun 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Outside Independent Auditor Hiroshi Endo was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • May 13
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥86.85 (up from JP¥65.78 in FY 2025). Revenue: JP¥17.2b (up 11% from FY 2025). Net income: JP¥1.51b (up 25% from FY 2025). Profit margin: 8.8% (up from 7.8% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.4%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year. Aankondiging • May 12
Ad-Sol Nissin Corporation, Annual General Meeting, Jun 25, 2026 Ad-Sol Nissin Corporation, Annual General Meeting, Jun 25, 2026. Aankondiging • May 08
Ad-Sol Nissin Corporation to Report Fiscal Year 2026 Results on May 12, 2026 Ad-Sol Nissin Corporation announced that they will report fiscal year 2026 results on May 12, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Buy Or Sell Opportunity • Mar 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 3.6% to JP¥1,633. The fair value is estimated to be JP¥1,352, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 11% in the next 2 years. Aankondiging • Feb 18
Ad-Sol Nissin Corporation (TSE:3837) announces an Equity Buyback for 700,000 shares, representing 4.01% for ¥1,330 million. Ad-Sol Nissin Corporation (TSE:3837) announces a share repurchase program. Under the program, the company will repurchase 700,000 shares, representing 4.01% of the outstanding shares, for ¥1,330 million. The shares will be repurchased at a price of ¥1,900 per share. The purpose of the program is enhancing shareholder returns and improving capital efficiency, while responding to changes in the business and market environment. As of December 31, 2025, the company had 17,471,381 shares in issue (excluding treasury shares) and 418,549 shares in treasury. Buy Or Sell Opportunity • Feb 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to JP¥1,687. The fair value is estimated to be JP¥1,398, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 11% in the next 2 years. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥26.33 (vs JP¥17.80 in 3Q 2025) Third quarter 2026 results: EPS: JP¥26.33 (up from JP¥17.80 in 3Q 2025). Revenue: JP¥4.32b (up 11% from 3Q 2025). Net income: JP¥460.0m (up 40% from 3Q 2025). Profit margin: 11% (up from 8.5% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Dec 26
Ad-Sol Nissin Corporation to Report Q3, 2026 Results on Feb 05, 2026 Ad-Sol Nissin Corporation announced that they will report Q3, 2026 results on Feb 05, 2026 Declared Dividend • Dec 06
First half dividend of JP¥23.00 announced Shareholders will receive a dividend of JP¥23.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 2.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (46% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 23% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Nov 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.8% to JP¥1,405. The fair value is estimated to be JP¥1,765, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years. Earnings per share has grown by 20%. Revenue is forecast to grow by 9.7% in 2 years. Earnings are forecast to grow by 6.4% in the next 2 years. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥22.03 (vs JP¥15.82 in 2Q 2025) Second quarter 2026 results: EPS: JP¥22.03 (up from JP¥15.82 in 2Q 2025). Revenue: JP¥4.36b (up 12% from 2Q 2025). Net income: JP¥384.9m (up 32% from 2Q 2025). Profit margin: 8.8% (up from 7.5% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 23
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥1,524, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 119% over the past three years. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is on the higher end at 85%, however this is supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%). Aankondiging • Sep 03
Ad-Sol Nissin Corporation to Report Q2, 2026 Results on Nov 06, 2025 Ad-Sol Nissin Corporation announced that they will report Q2, 2026 results on Nov 06, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥20.91 (vs JP¥16.34 in 1Q 2025) First quarter 2026 results: EPS: JP¥20.91 (up from JP¥16.34 in 1Q 2025). Revenue: JP¥4.15b (up 11% from 1Q 2025). Net income: JP¥365.0m (up 20% from 1Q 2025). Profit margin: 8.8% (up from 8.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 20% per year. Declared Dividend • Jul 09
Final dividend of JP¥18.00 announced Shareholders will receive a dividend of JP¥18.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 4.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 18% per year over the past 5 years and payments have been stable during that time. EPS is expected to decline by 36% over the next 3 years. However, it would need to fall by 55% to increase the payout ratio to a potentially unsustainable range. Aankondiging • Jun 04
Ad-Sol Nissin Corporation to Report Q1, 2026 Results on Aug 07, 2025 Ad-Sol Nissin Corporation announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 09
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥132 (up from JP¥52.54 in FY 2024). Revenue: JP¥15.5b (up 9.8% from FY 2024). Net income: JP¥1.21b (up 24% from FY 2024). Profit margin: 7.8% (up from 7.0% 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 6.0%. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the IT industry in Japan. 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 13% per year, which means it is significantly lagging earnings growth. Aankondiging • May 08
Ad-Sol Nissin Corporation, Annual General Meeting, Jun 26, 2025 Ad-Sol Nissin Corporation, Annual General Meeting, Jun 26, 2025. Aankondiging • Mar 27
Ad-Sol Nissin Corporation to Report Fiscal Year 2025 Results on May 08, 2025 Ad-Sol Nissin Corporation announced that they will report fiscal year 2025 results on May 08, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%). Aankondiging • Feb 19
Ad-Sol Nissin Corporation (TSE:3837) announces an Equity Buyback for 600,000 shares, representing 6.5% for ¥1,290 million. Ad-Sol Nissin Corporation (TSE:3837) announces a share repurchase program. Under the program, the company will repurchase 600,000 shares, representing 6.5% of the outstanding shares, for ¥1,290 million. The shares will be repurchased at a price of ¥2,150 per share. The purpose of the program is to mitigate the impact on the stock market of the resulting sale of the company's shares, as well as to respond to future changes in the business and market environment, and to improve capital efficiency. The program will expire on February 20, 2025. As of December 31, 2024, the company had 9,223,844 shares in issue (excluding treasury shares) and 171,121 shares in treasury. Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥35.56 (vs JP¥31.98 in 3Q 2024) Third quarter 2025 results: EPS: JP¥35.56 (up from JP¥31.98 in 3Q 2024). Revenue: JP¥3.88b (up 10% from 3Q 2024). Net income: JP¥328.0m (up 10% from 3Q 2024). Profit margin: 8.4% (down from 8.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 17
Ad-Sol Nissin Corporation to Report Q3, 2025 Results on Feb 06, 2025 Ad-Sol Nissin Corporation announced that they will report Q3, 2025 results on Feb 06, 2025 Declared Dividend • Dec 07
First half dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 2.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but not covered by cash flows (158% cash payout ratio). The dividend has increased by an average of 11% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 4.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥31.64 (vs JP¥28.01 in 2Q 2024) Second quarter 2025 results: EPS: JP¥31.64 (up from JP¥28.01 in 2Q 2024). Revenue: JP¥3.90b (up 13% from 2Q 2024). Net income: JP¥292.0m (up 12% from 2Q 2024). Profit margin: 7.5% (down from 7.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Oct 29
Now 21% overvalued Over the last 90 days, the stock has fallen 3.7% to JP¥1,832. The fair value is estimated to be JP¥1,512, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 10%. Aankondiging • Oct 09
Ad-Sol Nissin Corporation to Report Q2, 2025 Results on Nov 07, 2024 Ad-Sol Nissin Corporation announced that they will report Q2, 2025 results on Nov 07, 2024 Buy Or Sell Opportunity • Oct 09
Now 21% overvalued Over the last 90 days, the stock has fallen 6.3% to JP¥1,831. The fair value is estimated to be JP¥1,514, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 10%. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). 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 Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Buy Or Sell Opportunity • Aug 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to JP¥1,839. The fair value is estimated to be JP¥1,524, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 10%. Reported Earnings • Aug 10
First quarter 2025 earnings released: EPS: JP¥32.69 (vs JP¥23.62 in 1Q 2024) First quarter 2025 results: EPS: JP¥32.69 (up from JP¥23.62 in 1Q 2024). Revenue: JP¥3.75b (up 11% from 1Q 2024). Net income: JP¥304.0m (up 38% from 1Q 2024). Profit margin: 8.1% (up from 6.5% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥1,472, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 20% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (37% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 11% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 1.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Aankondiging • Jun 02
Ad-Sol Nissin Corporation to Report Q1, 2025 Results on Aug 07, 2024 Ad-Sol Nissin Corporation announced that they will report Q1, 2025 results on Aug 07, 2024 Aankondiging • May 23
Ad-Sol Nissin Corporation (TSE:3837) announces an Equity Buyback for 100,000 shares, representing 1.07% for ¥250 million. Ad-Sol Nissin Corporation (TSE:3837) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 1.07% of the outstanding shares, for ¥250 million. The purpose of the program is to enhance capital efficiency, improve shareholder returns and implement a flexible capital policy in response to changes in the business environment. The program will run until July 31, 2024. Reported Earnings • May 11
Full year 2024 earnings released: EPS: JP¥105 (vs JP¥90.37 in FY 2023) Full year 2024 results: EPS: JP¥105 (up from JP¥90.37 in FY 2023). Revenue: JP¥14.1b (up 9.6% from FY 2023). Net income: JP¥979.0m (up 16% from FY 2023). Profit margin: 7.0% (up from 6.5% 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 6% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Aankondiging • May 11
Ad-Sol Nissin Corporation, Annual General Meeting, Jun 26, 2024 Ad-Sol Nissin Corporation, Annual General Meeting, Jun 26, 2024. Buy Or Sell Opportunity • Apr 17
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at JP¥1,603. The fair value is estimated to be JP¥2,010, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.1%. New Risk • Apr 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.1b (US$99.3m) 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥15.1b market cap, or US$99.3m). Aankondiging • Mar 21
Ad-Sol Nissin Corporation to Report Fiscal Year 2024 Results on May 09, 2024 Ad-Sol Nissin Corporation announced that they will report fiscal year 2024 results on May 09, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: JP¥31.98 (vs JP¥28.34 in 3Q 2023) Third quarter 2024 results: EPS: JP¥31.98 (up from JP¥28.34 in 3Q 2023). Revenue: JP¥3.52b (up 9.2% from 3Q 2023). Net income: JP¥298.0m (up 13% from 3Q 2023). Profit margin: 8.5% (up from 8.2% 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 5% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Aankondiging • Nov 11
Ad-Sol Nissin Corporation to Report Q3, 2024 Results on Feb 07, 2024 Ad-Sol Nissin Corporation announced that they will report Q3, 2024 results on Feb 07, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥28.01 (vs JP¥23.95 in 2Q 2023) Second quarter 2024 results: EPS: JP¥28.01 (up from JP¥23.95 in 2Q 2023). Revenue: JP¥3.44b (up 8.0% from 2Q 2023). Net income: JP¥261.0m (up 17% from 2Q 2023). Profit margin: 7.6% (up from 7.0% in 2Q 2023). The increase in margin was driven by higher revenue. New Risk • Oct 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.0b (US$100.0m) 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥15.0b market cap, or US$100.0m). Aankondiging • Oct 07
Ad-Sol Nissin Corporation to Report Q2, 2024 Results on Nov 07, 2023 Ad-Sol Nissin Corporation announced that they will report Q2, 2024 results on Nov 07, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥19.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Reported Earnings • Aug 04
First quarter 2024 earnings released: EPS: JP¥23.62 (vs JP¥15.83 in 1Q 2023) First quarter 2024 results: EPS: JP¥23.62 (up from JP¥15.83 in 1Q 2023). Revenue: JP¥3.40b (up 11% from 1Q 2023). Net income: JP¥220.0m (up 50% from 1Q 2023). Profit margin: 6.5% (up from 4.8% in 1Q 2023). The increase in margin was driven by higher revenue. Aankondiging • Jun 28
Ad-Sol Nissin Corporation to Report Q1, 2024 Results on Aug 03, 2023 Ad-Sol Nissin Corporation announced that they will report Q1, 2024 results on Aug 03, 2023 Reported Earnings • May 10
Full year 2023 earnings released: EPS: JP¥90.37 (vs JP¥84.52 in FY 2022) Full year 2023 results: EPS: JP¥90.37 (up from JP¥84.52 in FY 2022). Revenue: JP¥12.8b (up 4.9% from FY 2022). Net income: JP¥841.0m (up 7.3% from FY 2022). Profit margin: 6.5% (up from 6.4% in FY 2022). The increase in margin was driven by higher revenue. Aankondiging • May 10
Ad-Sol Nissin Corporation, Annual General Meeting, Jun 28, 2023 Ad-Sol Nissin Corporation, Annual General Meeting, Jun 28, 2023. Buying Opportunity • Apr 19
Now 20% undervalued Over the last 90 days, the stock is up 30%. The fair value is estimated to be JP¥2,156, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has grown by 3.8%. Buying Opportunity • Apr 04
Now 20% undervalued Over the last 90 days, the stock is up 31%. The fair value is estimated to be JP¥2,156, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has grown by 3.8%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥28.34 (vs JP¥19.60 in 3Q 2022) Third quarter 2023 results: EPS: JP¥28.34 (up from JP¥19.60 in 3Q 2022). Revenue: JP¥3.23b (up 8.3% from 3Q 2022). Net income: JP¥264.0m (up 45% from 3Q 2022). Profit margin: 8.2% (up from 6.1% in 3Q 2022). The increase in margin was driven by higher revenue. Aankondiging • Dec 07
Ad-Sol Nissin Corporation to Report Q3, 2023 Results on Feb 07, 2023 Ad-Sol Nissin Corporation announced that they will report Q3, 2023 results on Feb 07, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Outside Independent Auditor Hiroshi Endo was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: JP¥23.87 (vs JP¥28.98 in 2Q 2022) Second quarter 2023 results: EPS: JP¥23.87 (down from JP¥28.98 in 2Q 2022). Revenue: JP¥3.19b (down 1.0% from 2Q 2022). Net income: JP¥223.0m (down 17% from 2Q 2022). Profit margin: 7.0% (down from 8.4% in 2Q 2022). Upcoming Dividend • Sep 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Aankondiging • Aug 31
Ad-Sol Nissin Corporation to Report Q2, 2023 Results on Nov 07, 2022 Ad-Sol Nissin Corporation announced that they will report Q2, 2023 results on Nov 07, 2022 Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥15.83 (vs JP¥18.05 in 1Q 2022) First quarter 2023 results: EPS: JP¥15.83 (down from JP¥18.05 in 1Q 2022). Revenue: JP¥3.05b (up 1.3% from 1Q 2022). Net income: JP¥147.0m (down 12% from 1Q 2022). Profit margin: 4.8% (down from 5.5% in 1Q 2022). The decrease in margin was driven by higher expenses. Aankondiging • Jun 12
Ad-Sol Nissin Corporation to Report Q1, 2023 Results on Aug 04, 2022 Ad-Sol Nissin Corporation announced that they will report Q1, 2023 results on Aug 04, 2022 Aankondiging • May 12
Ad-Sol Nissin Corporation, Annual General Meeting, Jun 28, 2022 Ad-Sol Nissin Corporation, Annual General Meeting, Jun 28, 2022. Reported Earnings • May 11
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥84.51 (down from JP¥97.25 in FY 2021). Revenue: JP¥12.2b (down 9.4% from FY 2021). Net income: JP¥784.0m (down 13% from FY 2021). Profit margin: 6.4% (down from 6.6% in FY 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 5.9%. Over the next year, revenue is forecast to grow 6.0%, compared to a 7.9% growth forecast for the industry in Japan. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Audit & Supervisory Board Member Toshi Yoshinari was the last director to join the board, commencing their role in 2018. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 08
Ad-Sol Nissin Corporation to Report Fiscal Year 2022 Results on May 10, 2022 Ad-Sol Nissin Corporation announced that they will report fiscal year 2022 results on May 10, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Reported Earnings • Feb 08
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥19.60 (up from JP¥16.21 in 3Q 2021). Revenue: JP¥2.98b (down 14% from 3Q 2021). Net income: JP¥182.0m (up 21% from 3Q 2021). Profit margin: 6.1% (up from 4.3% in 3Q 2021). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 1.6%, compared to a 7.4% growth forecast for the industry in Japan. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥28.98 (vs JP¥16.21 in 2Q 2021) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥3.22b (down 7.1% from 2Q 2021). Net income: JP¥269.0m (up 79% from 2Q 2021). Profit margin: 8.4% (up from 4.3% in 2Q 2021). The increase in margin was driven by lower expenses. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.2%). Price Target Changed • Sep 14
Price target decreased to JP¥2,700 Down from JP¥3,300, the current price target is provided by 1 analyst. New target price is 15% above last closing price of JP¥2,358. Stock is down 4.8% over the past year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (1.3%). Is New 90 Day High Low • Jan 05
New 90-day high: JP¥3,370 The company is up 25% from its price of JP¥2,706 on 07 October 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 2.0% over the same period. Aankondiging • Dec 30
Ad-Sol Nissin Corporation to Report Q3, 2021 Results on Feb 04, 2021 Ad-Sol Nissin Corporation announced that they will report Q3, 2021 results on Feb 04, 2021 Is New 90 Day High Low • Dec 14
New 90-day high: JP¥3,040 The company is up 23% from its price of JP¥2,476 on 15 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 6.0% over the same period.