Aankondiging • Dec 07
ITOCHU Techno-Solutions Corporation Ordinary Shares to Be Deleted from OTC Equity ITOCHU Techno-Solutions Corporation Ordinary Shares will be deleted from OTC Equity effective December 06, 2023, due to CUSIP Suspended. Aankondiging • Dec 01
ITOCHU Techno-Solutions Corporation(TSE:4739) dropped from FTSE All-World Index (USD) ITOCHU Techno-Solutions Corporation(TSE:4739) dropped from FTSE All-World Index (USD) Aankondiging • Nov 15
ITOCHU Techno-Solutions Corporation to Delist from Prime Section of Tokyo Stock Exchange ITOCHU Techno-Solutions Corporation will be delisted from prime section of Tokyo Stock Exchange effective from December 01, 2023. Delisting is due to Reverse stock split. Reported Earnings • Nov 02
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: JP¥36.71 (up from JP¥33.12 in 2Q 2023). Revenue: JP¥142.2b (up 3.3% from 2Q 2023). Net income: JP¥8.48b (up 11% from 2Q 2023). Profit margin: 6.0% (up from 5.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT industry in Japan. 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 • Sep 28
ITOCHU Techno-Solutions Corporation to Report Q2, 2024 Results on Nov 01, 2023 ITOCHU Techno-Solutions Corporation announced that they will report Q2, 2024 results on Nov 01, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥43.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 52% and the cash payout ratio is 80%. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Price Target Changed • Aug 08
Price target increased by 7.5% to JP¥3,921 Up from JP¥3,649, the current price target is an average from 12 analysts. New target price is 9.4% below last closing price of JP¥4,329. The company is forecast to post earnings per share of JP¥169 for next year compared to JP¥148 last year. Aankondiging • Aug 04
ITOCHU Corporation (TSE:8001) made an offer to acquire remaining 38.76% stake in ITOCHU Techno-Solutions Corporation (TSE:4739) for an offer per share of JPY 4,325. ITOCHU Corporation (TSE:8001) made an offer to acquire remaining 38.76% stake in ITOCHU Techno-Solutions Corporation (TSE:4739) for an offer per share of JPY 4,325 on August 2, 2023. The offer will expire on September 14, 2023 and is subject to minimum shares tendered. Reported Earnings • Aug 03
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: JP¥27.58 (up from JP¥18.62 in 1Q 2023). Revenue: JP¥132.4b (up 13% from 1Q 2023). Net income: JP¥6.37b (up 48% from 1Q 2023). Profit margin: 4.8% (up from 3.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the IT industry in Japan. 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 2% per year. Aankondiging • Aug 03
ITOCHU Techno-Solutions Corporation Announces Not to Pay an Interim Dividend and a Year-End Dividend for the Fiscal Year Ending March 31, 2024 ITOCHU Techno-Solutions Corporation announced that it resolved at the meeting of its board of directors held on August 2, 2023 to revise its dividend forecasts, released on April 28, 2023, for the fiscal year ending March 31, 2024, and not to pay an interim dividend and a year-end dividend for that fiscal year on the condition that the tender offer (the "Tender Offer") for the common shares of the Company (the "Company Shares") by Digital Value Chain Partners, GK, which is wholly owned by ITOCHU Corporation, which is a controlling shareholder (parent company) of the Company, (the "Tender Offeror") described in the "Announcement of Opinion in Support of the Tender Offer for the Company Shares by Digital Value Chain Partners. GK, a Subsidiary of ITOCHU Corporation, the Parent Company and Recommendation for its Shareholders to Tender their Shares in the Tender Offer" (the "Company's Press Release") separately released on August 2, 2023 is successfully completed. The company previously forecasted interim dividend of JPY 43.00 per share and year-end dividend of JPY 43.00 per share. Aankondiging • Jul 07
ITOCHU Techno-Solutions Corporation to Report Q1, 2024 Results on Aug 02, 2023 ITOCHU Techno-Solutions Corporation announced that they will report Q1, 2024 results on Aug 02, 2023 Reported Earnings • Jun 21
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥148 (down from JP¥153 in FY 2022). Revenue: JP¥570.9b (up 9.3% from FY 2022). Net income: JP¥34.2b (down 3.3% from FY 2022). Profit margin: 6.0% (down from 6.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.9%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 29
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥148 (down from JP¥153 in FY 2022). Revenue: JP¥570.9b (up 9.3% from FY 2022). Net income: JP¥34.2b (down 3.3% from FY 2022). Profit margin: 6.0% (down from 6.8% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.9%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 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 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.50 per share at 2.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 19 June 2023. Payout ratio is a comfortable 62% and the cash payout ratio is 90%. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Aankondiging • Feb 02
Itochu Techno-Solutions Corporation Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023 ITOCHU Techno-Solutions Corporation provided dividend guidance for the fiscal year ending March 31, 2023. For the period, the company expects dividend of JPY 40.5 per share against JPY 50 per share a year ago. Reported Earnings • Feb 02
Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2023 results: EPS: JP¥31.54 (down from JP¥45.90 in 3Q 2022). Revenue: JP¥144.5b (up 15% from 3Q 2022). Net income: JP¥7.29b (down 31% from 3Q 2022). Profit margin: 5.0% (down from 8.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.2%. Earnings per share (EPS) missed analyst estimates by 18%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Aankondiging • Dec 26
ITOCHU Techno-Solutions Corporation to Report Q3, 2023 Results on Feb 01, 2023 ITOCHU Techno-Solutions Corporation announced that they will report Q3, 2023 results on Feb 01, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: JP¥33.12 (down from JP¥37.47 in 2Q 2022). Revenue: JP¥137.7b (up 10% from 2Q 2022). Net income: JP¥7.65b (down 12% from 2Q 2022). Profit margin: 5.6% (down from 6.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 03
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: JP¥33.12 (down from JP¥37.47 in 2Q 2022). Revenue: JP¥137.7b (up 10% from 2Q 2022). Net income: JP¥7.65b (down 12% from 2Q 2022). Profit margin: 5.6% (down from 6.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 30
Now 21% undervalued Over the last 90 days, the stock is up 2.9%. The fair value is estimated to be JP¥4,280, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings is also forecast to grow by 7.0% per annum over the same time period. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.50 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Reported Earnings • Aug 05
First quarter 2023 earnings: EPS misses analyst expectations First quarter 2023 results: EPS: JP¥18.62 (down from JP¥23.35 in 1Q 2022). Revenue: JP¥116.8b (up 7.6% from 1Q 2022). Net income: JP¥4.30b (down 20% from 1Q 2022). Profit margin: 3.7% (down from 5.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%. Over the next year, revenue is forecast to grow 6.1%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Jul 31
High number of new directors Independent Outside Director Yasuhiro Ikeda was the last director to join the board, commencing their role in 2022. Reported Earnings • Jun 22
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥153 (up from JP¥132 in FY 2021). Revenue: JP¥522.4b (up 8.9% from FY 2021). Net income: JP¥35.4b (up 16% from FY 2021). Profit margin: 6.8% (up from 6.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 6.2%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jun 02
Now 21% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be JP¥4,015, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings is also forecast to grow by 7.2% per annum over the same time period. Buying Opportunity • May 12
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 2.7%. The fair value is estimated to be JP¥3,827, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings is also forecast to grow by 6.9% per annum over the same time period. Reported Earnings • Apr 30
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥153 (up from JP¥132 in FY 2021). Revenue: JP¥522.4b (up 8.9% from FY 2021). Net income: JP¥35.4b (up 16% from FY 2021). Profit margin: 6.8% (up from 6.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 5.8%, compared to a 7.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 3 experienced directors. 1 highly experienced director. 2 independent directors (5 non-independent directors). Outside Audit & Supervisory Board Member Toshiaki Tada is the most experienced director on the board, commencing their role in 2012. Independent Outside Director Naoko Iwasaki was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Buying Opportunity • Apr 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be JP¥3,843, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings is also forecast to grow by 5.5% per annum over the same time period. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 18 June 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Buying Opportunity • Mar 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be JP¥3,740, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% per annum over the last 3 years. Earnings per share has grown by 14% per annum over the last 3 years. Buying Opportunity • Feb 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be JP¥3,731, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% per annum over the last 3 years. Earnings per share has grown by 14% per annum over the last 3 years. Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: EPS: JP¥45.90 (up from JP¥28.73 in 3Q 2021). Revenue: JP¥125.6b (up 8.4% from 3Q 2021). Net income: JP¥10.6b (up 60% from 3Q 2021). Profit margin: 8.4% (up from 5.7% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 36%. Over the next year, revenue is forecast to grow 7.4%, compared to a 7.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Jan 25
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 10.0%. The fair value is estimated to be JP¥4,188, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% per annum over the last 3 years. Earnings per share has grown by 12% per annum over the last 3 years. Reported Earnings • Nov 02
Second quarter 2022 earnings released: EPS JP¥37.47 (vs JP¥22.23 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥124.9b (up 13% from 2Q 2021). Net income: JP¥8.66b (up 69% from 2Q 2021). Profit margin: 6.9% (up from 4.6% in 2Q 2021). 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 23% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 04
First quarter 2022 earnings released: EPS JP¥23.35 (vs JP¥17.71 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥108.6b (up 4.3% from 1Q 2021). Net income: JP¥5.40b (up 32% from 1Q 2021). Profit margin: 5.0% (up from 3.9% in 1Q 2021). 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 increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 23
Full year 2021 earnings released: EPS JP¥132 (vs JP¥123 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥479.9b (down 1.5% from FY 2020). Net income: JP¥30.5b (up 7.2% from FY 2020). Profit margin: 6.4% (up from 5.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 30
Full year 2021 earnings released: EPS JP¥132 (vs JP¥123 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥479.9b (down 1.5% from FY 2020). Net income: JP¥30.5b (up 7.2% from FY 2020). Profit margin: 6.4% (up from 5.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥31.50 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 19 June 2021. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%). Is New 90 Day High Low • Feb 20
New 90-day low: JP¥3,465 The company is down 6.0% from its price of JP¥3,670 on 20 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥2,608 per share. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥28.74 (vs JP¥27.15 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥115.8b (down 1.0% from 3Q 2020). Net income: JP¥6.64b (up 5.9% from 3Q 2020). Profit margin: 5.7% (up from 5.4% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 02
Revenue and earnings miss expectations Revenue missed analyst estimates by 4.5%. Earnings per share (EPS) also missed analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 6.7%, compared to a 8.4% growth forecast for the IT industry in Japan. 
