New Risk • May 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.32b (US$8.27m) This is considered a major 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. This is currently the only risk that has been identified for the company. Aankondiging • May 18
eXmotion Co., Ltd. to Report Q2, 2026 Results on Jul 03, 2026 eXmotion Co., Ltd. announced that they will report Q2, 2026 results on Jul 03, 2026 Reported Earnings • Apr 06
First quarter 2026 earnings released: EPS: JP¥12.56 (vs JP¥7.63 in 1Q 2025) First quarter 2026 results: EPS: JP¥12.56 (up from JP¥7.63 in 1Q 2025). Revenue: JP¥358.0m (up 4.7% from 1Q 2025). Net income: JP¥38.0m (up 65% from 1Q 2025). Profit margin: 11% (up from 6.7% in 1Q 2025). Aankondiging • Apr 02
eXmotion Co., Ltd. to Report Q1, 2026 Results on Apr 03, 2026 eXmotion Co., Ltd. announced that they will report Q1, 2026 results on Apr 03, 2026 Reported Earnings • Mar 03
Full year 2025 earnings released: EPS: JP¥42.09 (vs JP¥32.83 in FY 2024) Full year 2025 results: EPS: JP¥42.09 (up from JP¥32.83 in FY 2024). Revenue: JP¥1.39b (up 7.9% from FY 2024). Net income: JP¥127.0m (up 28% from FY 2024). Profit margin: 9.2% (up from 7.7% in FY 2024). The increase in margin was driven by higher revenue. Reported Earnings • Jan 10
Full year 2025 earnings released: EPS: JP¥42.09 (vs JP¥32.83 in FY 2024) Full year 2025 results: EPS: JP¥42.09 (up from JP¥32.83 in FY 2024). Revenue: JP¥1.39b (up 7.9% from FY 2024). Net income: JP¥127.0m (up 28% from FY 2024). Profit margin: 9.2% (up from 7.7% in FY 2024). The increase in margin was driven by higher revenue. Aankondiging • Nov 21
eXmotion Co., Ltd. to Report Fiscal Year 2025 Results on Jan 09, 2026 eXmotion Co., Ltd. announced that they will report fiscal year 2025 results on Jan 09, 2026 Upcoming Dividend • Nov 20
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 27 November 2025. Payment date: 02 March 2026. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.2%). Reported Earnings • Oct 04
Third quarter 2025 earnings released: EPS: JP¥12.60 (vs JP¥11.94 in 3Q 2024) Third quarter 2025 results: EPS: JP¥12.60 (up from JP¥11.94 in 3Q 2024). Revenue: JP¥350.0m (up 3.2% from 3Q 2024). Net income: JP¥38.0m (up 5.6% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Aankondiging • Aug 23
eXmotion Co., Ltd. to Report Q3, 2025 Results on Oct 03, 2025 eXmotion Co., Ltd. announced that they will report Q3, 2025 results on Oct 03, 2025 Declared Dividend • Jul 07
Dividend of JP¥20.00 announced Shareholders will receive a dividend of JP¥20.00. Ex-date: 27th November 2025 Payment date: 2nd March 2026 Dividend yield will be 2.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but not adequately covered by cash flows (93% cash payout ratio). The dividend has increased by an average of 8.5% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 85% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 06
Second quarter 2025 earnings released: EPS: JP¥8.29 (vs JP¥3.65 in 2Q 2024) Second quarter 2025 results: EPS: JP¥8.29 (up from JP¥3.65 in 2Q 2024). Revenue: JP¥334.0m (up 12% from 2Q 2024). Net income: JP¥25.0m (up 127% from 2Q 2024). Profit margin: 7.5% (up from 3.7% in 2Q 2024). The increase in margin was driven by higher revenue. Aankondiging • May 24
eXmotion Co., Ltd. to Report Q2, 2025 Results on Jul 04, 2025 eXmotion Co., Ltd. announced that they will report Q2, 2025 results on Jul 04, 2025 New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Dividend is not well covered by cash flows (93% cash payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (JP¥2.14b market cap, or US$14.7m). Reported Earnings • Apr 05
First quarter 2025 earnings released: EPS: JP¥7.63 (vs JP¥14.03 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥7.63 (up from JP¥14.03 loss in 1Q 2024). Revenue: JP¥342.0m (up 19% from 1Q 2024). Net income: JP¥23.0m (up JP¥65.0m from 1Q 2024). Profit margin: 6.7% (up from net loss in 1Q 2024). The move to profitability was primarily driven by higher revenue. Reported Earnings • Mar 04
Full year 2024 earnings released: EPS: JP¥32.83 (vs JP¥2.01 in FY 2023) Full year 2024 results: EPS: JP¥32.83 (up from JP¥2.01 in FY 2023). Revenue: JP¥1.28b (up 16% from FY 2023). Net income: JP¥99.0m (up JP¥93.0m from FY 2023). Profit margin: 7.7% (up from 0.5% in FY 2023). The increase in margin was driven by higher revenue. Aankondiging • Feb 22
eXmotion Co., Ltd. to Report Q1, 2025 Results on Apr 04, 2025 eXmotion Co., Ltd. announced that they will report Q1, 2025 results on Apr 04, 2025 New Risk • Jan 12
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 Market cap is less than US$100m (JP¥2.60b market cap, or US$16.5m). Aankondiging • Jan 10
eXmotion Co., Ltd., Annual General Meeting, Feb 27, 2025 eXmotion Co., Ltd., Annual General Meeting, Feb 27, 2025. Aankondiging • Nov 23
eXmotion Co., Ltd. to Report Fiscal Year 2024 Results on Jan 10, 2025 eXmotion Co., Ltd. announced that they will report fiscal year 2024 results on Jan 10, 2025 Upcoming Dividend • Nov 21
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 28 November 2024. Payment date: 28 February 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.4%. 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 Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (JP¥2.22b market cap, or US$15.8m). Aankondiging • Aug 24
eXmotion Co., Ltd. to Report Q3, 2024 Results on Oct 04, 2024 eXmotion Co., Ltd. announced that they will report Q3, 2024 results on Oct 04, 2024 New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (JP¥1.93b market cap, or US$13.6m). Aankondiging • Feb 23
eXmotion Co., Ltd. to Report Q1, 2024 Results on Apr 05, 2024 eXmotion Co., Ltd. announced that they will report Q1, 2024 results on Apr 05, 2024 Aankondiging • Jan 14
eXmotion Co., Ltd., Annual General Meeting, Feb 28, 2024 eXmotion Co., Ltd., Annual General Meeting, Feb 28, 2024. Aankondiging • Nov 17
eXmotion Co., Ltd. to Report Fiscal Year 2023 Results on Jan 12, 2024 eXmotion Co., Ltd. announced that they will report fiscal year 2023 results on Jan 12, 2024 New Risk • Oct 06
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Market cap is less than US$100m (JP¥2.72b market cap, or US$18.3m). Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,029, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 19x in the IT industry in Japan. Total loss to shareholders of 24% over the past three years. Aankondiging • Aug 12
eXmotion Co., Ltd. to Report Q3, 2023 Results on Oct 06, 2023 eXmotion Co., Ltd. announced that they will report Q3, 2023 results on Oct 06, 2023 Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to JP¥892, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 19x in the IT industry in Japan. Total loss to shareholders of 19% over the past three years. Reported Earnings • Jul 08
First half 2023 earnings released: EPS: JP¥18.18 (vs JP¥20.34 in 1H 2022) First half 2023 results: EPS: JP¥18.18 (down from JP¥20.34 in 1H 2022). Revenue: JP¥534.0m (up 6.2% from 1H 2022). Net income: JP¥54.0m (down 10.0% from 1H 2022). Profit margin: 10% (down from 12% in 1H 2022). The decrease in margin was driven by higher expenses. 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 1% per year, which means it is significantly lagging earnings growth. Aankondiging • May 19
eXmotion Co., Ltd. to Report Q2, 2023 Results on Jul 07, 2023 eXmotion Co., Ltd. announced that they will report Q2, 2023 results on Jul 07, 2023 Reported Earnings • Apr 08
First quarter 2023 earnings released: EPS: JP¥14.84 (vs JP¥8.82 in 1Q 2022) First quarter 2023 results: EPS: JP¥14.84 (up from JP¥8.82 in 1Q 2022). Revenue: JP¥267.0m (up 9.0% from 1Q 2022). Net income: JP¥44.0m (up 69% from 1Q 2022). Profit margin: 17% (up from 11% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Aankondiging • Feb 16
eXmotion Co., Ltd. to Report Q1, 2023 Results on Apr 07, 2023 eXmotion Co., Ltd. announced that they will report Q1, 2023 results on Apr 07, 2023 Reported Earnings • Jan 14
Full year 2022 earnings released: EPS: JP¥45.39 (vs JP¥34.19 in FY 2021) Full year 2022 results: EPS: JP¥45.39 (up from JP¥34.19 in FY 2021). Revenue: JP¥1.05b (up 9.5% from FY 2021). Net income: JP¥134.0m (up 34% from FY 2021). Profit margin: 13% (up from 10% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Aankondiging • Jan 13
eXmotion Co., Ltd., Annual General Meeting, Feb 27, 2023 eXmotion Co., Ltd., Annual General Meeting, Feb 27, 2023. Aankondiging • Nov 27
eXmotion Co., Ltd. to Report Fiscal Year 2022 Results on Jan 13, 2023 eXmotion Co., Ltd. announced that they will report fiscal year 2022 results on Jan 13, 2023 Upcoming Dividend • Nov 22
Inaugural dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 28 February 2023. This is the first dividend for eXmotion since going public. The average dividend yield among industry peers is 1.6%. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 09
Third quarter 2022 earnings released: EPS: JP¥13.54 (vs JP¥10.25 in 3Q 2021) Third quarter 2022 results: EPS: JP¥13.54 (up from JP¥10.25 in 3Q 2021). Revenue: JP¥262.0m (up 12% from 3Q 2021). Net income: JP¥40.0m (up 33% from 3Q 2021). Profit margin: 15% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 19% per year, which means it is performing significantly worse than earnings. Aankondiging • Aug 25
eXmotion Co., Ltd. to Report Q3, 2022 Results on Oct 07, 2022 eXmotion Co., Ltd. announced that they will report Q3, 2022 results on Oct 07, 2022 Reported Earnings • Jul 03
Second quarter 2022 earnings released: EPS: JP¥11.52 (vs JP¥4.80 in 2Q 2021) Second quarter 2022 results: EPS: JP¥11.52 (up from JP¥4.80 in 2Q 2021). Revenue: JP¥258.0m (up 19% from 2Q 2021). Net income: JP¥34.0m (up 143% from 2Q 2021). Profit margin: 13% (up from 6.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year whereas the company’s share price has fallen by 25% per year. Aankondiging • May 12
eXmotion Co., Ltd. to Report Q2, 2022 Results on Jul 01, 2022 eXmotion Co., Ltd. announced that they will report Q2, 2022 results on Jul 01, 2022 Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 04
First quarter 2022 earnings released: EPS: JP¥8.82 (vs JP¥10.99 in 1Q 2021) First quarter 2022 results: EPS: JP¥8.82 (down from JP¥10.99 in 1Q 2021). Revenue: JP¥245.0m (down 5.0% from 1Q 2021). Net income: JP¥26.0m (down 19% from 1Q 2021). Profit margin: 11% (down from 12% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,227, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 20% over the past three years. Reported Earnings • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥34.19 (up from JP¥24.07 in FY 2020). Revenue: JP¥957.0m (up 9.1% from FY 2020). Net income: JP¥100.0m (up 47% from FY 2020). Profit margin: 10% (up from 7.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Aankondiging • Feb 22
eXmotion Co., Ltd. to Report Q1, 2022 Results on Apr 01, 2022 eXmotion Co., Ltd. announced that they will report Q1, 2022 results on Apr 01, 2022 Aankondiging • Jan 09
eXmotion Co., Ltd. Provides Earnings Guidance for the Six Months Ending May 2022 and Fiscal Year Ending November 2022 eXmotion Co., Ltd. provided earnings guidance for the six months ending May 2022 and fiscal year ending November 2022. For the six months ending May 2022, the company expects net sales of JPY 501 million, operating profit of JPY 67 million, profit of JPY 46 million and basic earnings per share of JPY 15.62. For the fiscal year ending November 2022, the company expects net sales of JPY 1,153 million, operating profit of JPY 200 million, profit of JPY 137 million and basic earnings per share of JPY 46.77. Reported Earnings • Jan 09
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥34.19 (up from JP¥24.07 in FY 2020). Revenue: JP¥957.0m (up 9.1% from FY 2020). Net income: JP¥100.0m (up 47% from FY 2020). Profit margin: 10% (up from 7.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Nov 22
Inaugural dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 26 February 2022. This is the first dividend for eXmotion since going public. The average dividend yield among industry peers is 1.2%. Reported Earnings • Oct 03
Third quarter 2021 earnings released: EPS JP¥10.25 (vs JP¥4.23 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥235.0m (up 11% from 3Q 2020). Net income: JP¥30.0m (up 150% from 3Q 2020). Profit margin: 13% (up from 5.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 28% share price gain to JP¥1,300, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 23x in the IT industry in Japan. Total loss to shareholders of 38% over the past three years. Aankondiging • Jul 03
eXmotion Co., Ltd. Provides Earnings Guidance for the Fourth Quarter Ending November 2021 eXmotion Co., Ltd. provided earnings guidance for the fourth quarter ending November 2021. For the quarter, the company expected net sales of ¥1,042 million, operating profit of ¥142 million and profit of ¥98 million or ¥33.82 per basic share. Reported Earnings • Apr 04
First quarter 2021 earnings released: EPS JP¥10.99 (vs JP¥7.87 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥258.0m (up 21% from 1Q 2020). Net income: JP¥32.0m (up 46% from 1Q 2020). Profit margin: 12% (up from 10% in 1Q 2020). The increase in margin was driven by higher revenue. Aankondiging • Apr 04
eXmotion Co., Ltd. Provides Earnings Guidance for the Six Months Period Ending May 2021 and Year Ending November 2021 eXmotion Co., Ltd. provided earnings guidance for the six months period ending May 2021 and year ending November 2021. For the year ending November 2021, the company forecast net sales of JPY 1,042 million, operating profit of JPY 142 million, profit of JPY 98 million and basic earnings per share of JPY 33.82.
For the six months period ending May 2021, the company forecast net sales of JPY 495 million, operating profit of JPY 55 million, profit of JPY 38 million and basic earnings per share of JPY 13.17. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS JP¥24.07 (vs JP¥52.34 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥877.0m (down 10% from FY 2019). Net income: JP¥68.0m (down 51% from FY 2019). Profit margin: 7.8% (down from 14% in FY 2019). The decrease in margin was driven by lower revenue. Aankondiging • Feb 26
eXmotion Co., Ltd. to Report Q1, 2021 Results on Apr 02, 2021 eXmotion Co., Ltd. announced that they will report Q1, 2021 results on Apr 02, 2021 Reported Earnings • Jan 09
Full year 2020 earnings released: EPS JP¥24.07 The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥877.0m (down 10% from FY 2019). Net income: JP¥68.0m (down 51% from FY 2019). Profit margin: 7.8% (down from 14% in FY 2019). The decrease in margin was driven by lower revenue. Aankondiging • Jan 08
eXmotion Co., Ltd., Annual General Meeting, Feb 25, 2021 eXmotion Co., Ltd., Annual General Meeting, Feb 25, 2021. Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improved over the past week After last week's 24% share price gain to JP¥1,677, the stock is trading at a trailing P/E ratio of 61x, up from the previous P/E ratio of 49.2x. This compares to an average P/E of 30x in the IT industry in Japan. Total return to shareholders over the past year is a loss of 29%. Is New 90 Day High Low • Dec 10
New 90-day high: JP¥1,520 The company is up 8.0% from its price of JP¥1,410 on 11 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 7.0% over the same period. Aankondiging • Aug 24
eXmotion Co., Ltd. to Report Q3, 2020 Results on Oct 09, 2020 eXmotion Co., Ltd. announced that they will report Q3, 2020 results on Oct 09, 2020 
