Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 36% After last week's 36% share price decline to JP¥1,013, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 18x in the Software industry in Japan. Total loss to shareholders of 5.3% over the past three years. New Risk • Feb 16
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 7.6% 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 Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (JP¥4.50b market cap, or US$29.3m). Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥43.88 (vs JP¥39.35 in FY 2024) Full year 2025 results: EPS: JP¥43.88 (up from JP¥39.35 in FY 2024). Revenue: JP¥4.15b (up 12% from FY 2024). Net income: JP¥165.0m (up 12% from FY 2024). Profit margin: 4.0% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. Aankondiging • Feb 13
AI CROSS Inc., Annual General Meeting, Mar 26, 2026 AI CROSS Inc., Annual General Meeting, Mar 26, 2026. Aankondiging • Jan 07
AI CROSS Inc. to Report Fiscal Year 2025 Results on Feb 03, 2026 AI CROSS Inc. announced that they will report fiscal year 2025 results on Feb 03, 2026 Aankondiging • Sep 27
AI CROSS Inc. to Report Q3, 2025 Results on Nov 14, 2025 AI CROSS Inc. announced that they will report Q3, 2025 results on Nov 14, 2025 Reported Earnings • Aug 15
Second quarter 2025 earnings released: JP¥3.46 loss per share (vs JP¥14.11 profit in 2Q 2024) Second quarter 2025 results: JP¥3.46 loss per share (down from JP¥14.11 profit in 2Q 2024). Revenue: JP¥991.0m (up 12% from 2Q 2024). Net loss: JP¥13.0m (down 125% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jun 27
AI CROSS Inc. to Report Q2, 2025 Results on Aug 14, 2025 AI CROSS Inc. announced that they will report Q2, 2025 results on Aug 14, 2025 Reported Earnings • May 21
First quarter 2025 earnings released: EPS: JP¥21.57 (vs JP¥19.05 in 1Q 2024) First quarter 2025 results: EPS: JP¥21.57 (up from JP¥19.05 in 1Q 2024). Revenue: JP¥930.0m (up 5.1% from 1Q 2024). Net income: JP¥81.0m (up 13% from 1Q 2024). Profit margin: 8.7% (up from 8.1% in 1Q 2024). The increase in margin was driven by higher revenue. Aankondiging • Mar 06
AI CROSS Inc. to Report Q1, 2025 Results on May 15, 2025 AI CROSS Inc. announced that they will report Q1, 2025 results on May 15, 2025 Buy Or Sell Opportunity • Feb 17
Now 21% overvalued Over the last 90 days, the stock has fallen 4.3% to JP¥1,675. The fair value is estimated to be JP¥1,388, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.9% over the last 3 years. Earnings per share has declined by 3.4%. Reported Earnings • Feb 16
Full year 2024 earnings released: EPS: JP¥39.35 (vs JP¥39.35 in FY 2023) Full year 2024 results: EPS: JP¥39.35 (down from JP¥39.35 in FY 2023). Revenue: JP¥3.71b (up 14% from FY 2023). Net income: JP¥148.0m (down 5.1% from FY 2023). Profit margin: 4.0% (down from 4.8% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Aankondiging • Feb 14
AI CROSS Inc., Annual General Meeting, Mar 25, 2025 AI CROSS Inc., Annual General Meeting, Mar 25, 2025. Aankondiging • Jan 17
AI CROSS Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025 AI CROSS Inc. announced that they will report fiscal year 2024 results at 3:00 PM, Tokyo Standard Time on Feb 14, 2025 Buy Or Sell Opportunity • Dec 24
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 8.5% to JP¥1,850. The fair value is estimated to be JP¥1,532, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Dec 04
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to JP¥1,881. The fair value is estimated to be JP¥1,563, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years, while earnings per share has been flat. Aankondiging • Aug 27
AI CROSS Inc. to Report Q3, 2024 Results on Nov 14, 2024 AI CROSS Inc. announced that they will report Q3, 2024 results on Nov 14, 2024 Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: JP¥14.11 (vs JP¥6.57 in 2Q 2023) Second quarter 2024 results: EPS: JP¥14.11 (up from JP¥6.57 in 2Q 2023). Revenue: JP¥888.0m (up 9.5% from 2Q 2023). Net income: JP¥53.0m (up 104% from 2Q 2023). Profit margin: 6.0% (up from 3.2% in 2Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥824, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 20x in the Software industry in Japan. Total loss to shareholders of 59% over the past three years. New Risk • Aug 02
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 Revenue has declined by 3.0% over the past year. Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (JP¥3.66b market cap, or US$24.6m). Aankondiging • Jun 21
AI CROSS Inc. to Report Q2, 2024 Results on Aug 14, 2024 AI CROSS Inc. announced that they will report Q2, 2024 results on Aug 14, 2024 Reported Earnings • May 20
First quarter 2024 earnings released: EPS: JP¥19.05 (vs JP¥9.09 in 1Q 2023) First quarter 2024 results: EPS: JP¥19.05 (up from JP¥9.09 in 1Q 2023). Revenue: JP¥885.0m (up 5.1% from 1Q 2023). Net income: JP¥72.0m (up 100% from 1Q 2023). Profit margin: 8.1% (up from 4.3% in 1Q 2023). Aankondiging • Mar 29
AI CROSS Inc. to Report Q1, 2024 Results on May 15, 2024 AI CROSS Inc. announced that they will report Q1, 2024 results on May 15, 2024 Aankondiging • Feb 16
AI CROSS Inc., Annual General Meeting, Mar 27, 2024 AI CROSS Inc., Annual General Meeting, Mar 27, 2024. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: JP¥39.35 (vs JP¥24.00 in FY 2022) Full year 2023 results: EPS: JP¥39.35 (up from JP¥24.00 in FY 2022). Revenue: JP¥3.25b (down 1.5% from FY 2022). Net income: JP¥156.0m (up 64% from FY 2022). Profit margin: 4.8% (up from 2.9% in FY 2022). The increase in margin was driven by lower expenses. Board Change • Jan 14
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. 3 non-independent directors. Independent Outside Director Kyota Matsunaga 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. Aankondiging • Dec 29
AI CROSS Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024 AI CROSS Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,437, the stock trades at a trailing P/E ratio of 47.8x. Average trailing P/E is 22x in the Software industry in Japan. Total loss to shareholders of 24% over the past three years. Aankondiging • Nov 17
AI CROSS Inc. (TSE:4476) announces an Equity Buyback for 250,000 shares, representing 6.27% for ¥300 million. AI CROSS Inc. (TSE:4476) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 6.3% of its issued share capital (excluding treasury stock), for a total purchase price of ¥300 million. The purpose of the program is to increase shareholder returns by implementing flexible capital policies in response to changes in the business environment and improving capital efficiency. The program will continue through February 29, 2024. As of October 31, 2023, the company had 3,989,879 issued shares (excluding treasury stock) and 47,471 treasury shares. Aankondiging • Sep 07
AI CROSS Inc. to Report Q3, 2023 Results on Nov 14, 2023 AI CROSS Inc. announced that they will report Q3, 2023 results on Nov 14, 2023 Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: JP¥6.57 (vs JP¥12.38 in 2Q 2022) Second quarter 2023 results: EPS: JP¥6.57 (down from JP¥12.38 in 2Q 2022). Revenue: JP¥811.0m (down 14% from 2Q 2022). Net income: JP¥26.0m (down 47% from 2Q 2022). Profit margin: 3.2% (down from 5.2% in 2Q 2022). Aankondiging • Jun 09
AI CROSS Inc. to Report Q2, 2023 Results on Aug 14, 2023 AI CROSS Inc. announced that they will report Q2, 2023 results on Aug 14, 2023 Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to JP¥1,770, the stock trades at a trailing P/E ratio of 66.7x. Average trailing P/E is 23x in the Software industry in Japan. Total loss to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,302, the stock trades at a trailing P/E ratio of 54.3x. Average trailing P/E is 23x in the Software industry in Japan. Total loss to shareholders of 21% over the past three years. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥1,306, the stock trades at a trailing P/E ratio of 54.4x. Average trailing P/E is 23x in the Software industry in Japan. Total returns to shareholders of 3.3% over the past three years. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,000, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 24x in the Software industry in Japan. Total loss to shareholders of 49% over the past three years. Aankondiging • Dec 23
AI CROSS Inc. to Report Fiscal Year 2022 Results on Feb 14, 2023 AI CROSS Inc. announced that they will report fiscal year 2022 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,022, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 23x in the Software industry in Japan. Total loss to shareholders of 59% over the past three years. Buying Opportunity • Nov 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.2%. The fair value is estimated to be JP¥1,040, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. COO & Director Tomoya Kanno was the last director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 13
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. COO & Director Tomoya Kanno was the last director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Sep 29
AI CROSS Inc. to Report Q3, 2022 Results on Nov 14, 2022 AI CROSS Inc. announced that they will report Q3, 2022 results on Nov 14, 2022 Buying Opportunity • Jun 10
Now 22% undervalued Over the last 90 days, the stock is up 2.9%. The fair value is estimated to be JP¥1,174, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Aankondiging • Jun 03
AI CROSS Inc. to Report Q2, 2022 Results on Aug 15, 2022 AI CROSS Inc. announced that they will report Q2, 2022 results on Aug 15, 2022 Buying Opportunity • May 17
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 2.2%. The fair value is estimated to be JP¥1,178, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Apr 18
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be JP¥1,212, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Aankondiging • Apr 08
AI CROSS Inc. to Report Q1, 2022 Results on May 16, 2022 AI CROSS Inc. announced that they will report Q1, 2022 results on May 16, 2022 Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥1,102, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 23x in the Software industry in Japan. Total loss to shareholders of 40% over the past year. Buying Opportunity • Mar 28
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 36%. The fair value is estimated to be JP¥1,200, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Aankondiging • Feb 16
AI CROSS Inc., Annual General Meeting, Mar 25, 2022 AI CROSS Inc., Annual General Meeting, Mar 25, 2022. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS JP¥6.83 (vs JP¥9.23 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥552.0m (up 17% from 3Q 2020). Net income: JP¥27.0m (down 25% from 3Q 2020). Profit margin: 4.9% (down from 7.7% in 3Q 2020). Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥1,774, the stock trades at a trailing P/E ratio of 51.3x. Average trailing P/E is 32x in the Software industry in Japan. Total returns to shareholders of 6.8% over the past year. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS JP¥34.56 (vs JP¥35.72 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: JP¥1.91b (up 32% from FY 2019). Net income: JP¥135.0m (up 8.9% from FY 2019). Profit margin: 7.1% (down from 8.6% in FY 2019). The decrease in margin was driven by higher expenses. Aankondiging • Mar 21
AI CROSS Inc. to Report Q1, 2021 Results on May 14, 2021 AI CROSS Inc. announced that they will report Q1, 2021 results on May 14, 2021 Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥34.56 (vs JP¥35.72 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: JP¥1.91b (up 32% from FY 2019). Net income: JP¥135.0m (up 8.9% from FY 2019). Profit margin: 7.1% (down from 8.6% in FY 2019). The decrease in margin was driven by higher expenses. Aankondiging • Dec 30
AI CROSS Inc. to Report Fiscal Year 2020 Results on Feb 12, 2021 AI CROSS Inc. announced that they will report fiscal year 2020 results on Feb 12, 2021 Is New 90 Day High Low • Dec 28
New 90-day low: JP¥1,570 The company is down 25% from its price of JP¥2,080 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 10
New 90-day low: JP¥1,740 The company is down 12% from its price of JP¥1,969 on 11 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 6.0% over the same period. 
