Buy Or Sell Opportunity • Jun 09
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.5% to JP¥1,060. The fair value is estimated to be JP¥881, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.8% over the last 3 years. Earnings per share has grown by 3.7%. Aankondiging • Jun 01
Ic Co., Ltd. to Report Q3, 2026 Results on Aug 07, 2026 Ic Co., Ltd. announced that they will report Q3, 2026 results on Aug 07, 2026 Reported Earnings • May 09
Second quarter 2026 earnings released: EPS: JP¥20.31 (vs JP¥20.85 in 2Q 2025) Second quarter 2026 results: EPS: JP¥20.31 (down from JP¥20.85 in 2Q 2025). Revenue: JP¥2.69b (up 6.6% from 2Q 2025). Net income: JP¥151.0m (down 2.6% from 2Q 2025). Profit margin: 5.6% (down from 6.1% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year. Aankondiging • May 08
Ic Co., Ltd. to Report Q2, 2026 Results on May 08, 2026 Ic Co., Ltd. announced that they will report Q2, 2026 results on May 08, 2026 Reported Earnings • Feb 07
First quarter 2026 earnings released: EPS: JP¥27.71 (vs JP¥39.27 in 1Q 2025) First quarter 2026 results: EPS: JP¥27.71 (down from JP¥39.27 in 1Q 2025). Revenue: JP¥2.61b (up 8.1% from 1Q 2025). Net income: JP¥206.0m (down 30% from 1Q 2025). Profit margin: 7.9% (down from 12% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 5% per year. Aankondiging • Jan 06
Ic Co., Ltd. to Report Q1, 2026 Results on Feb 06, 2026 Ic Co., Ltd. announced that they will report Q1, 2026 results on Feb 06, 2026 Reported Earnings • Dec 25
Full year 2025 earnings released: EPS: JP¥65.23 (vs JP¥51.65 in FY 2024) Full year 2025 results: EPS: JP¥65.23 (up from JP¥51.65 in FY 2024). Revenue: JP¥10.1b (up 9.1% from FY 2024). Net income: JP¥485.0m (up 26% from FY 2024). Profit margin: 4.8% (up from 4.1% in FY 2024). Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Reported Earnings • Nov 09
Full year 2025 earnings released: EPS: JP¥65.23 (vs JP¥51.65 in FY 2024) Full year 2025 results: EPS: JP¥65.23 (up from JP¥51.65 in FY 2024). Revenue: JP¥10.1b (up 9.1% from FY 2024). Net income: JP¥485.0m (up 26% from FY 2024). Profit margin: 4.8% (up from 4.1% in FY 2024). Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Aankondiging • Nov 07
Ic Co., Ltd., Annual General Meeting, Dec 19, 2025 Ic Co., Ltd., Annual General Meeting, Dec 19, 2025. Aankondiging • Sep 27
Ic Co., Ltd. to Report Fiscal Year 2025 Results on Nov 07, 2025 Ic Co., Ltd. announced that they will report fiscal year 2025 results on Nov 07, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥34.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 23 December 2025. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 09
Third quarter 2025 earnings released: EPS: JP¥8.88 (vs JP¥7.31 in 3Q 2024) Third quarter 2025 results: EPS: JP¥8.88 (up from JP¥7.31 in 3Q 2024). Revenue: JP¥2.58b (up 13% from 3Q 2024). Net income: JP¥66.0m (up 22% from 3Q 2024). Profit margin: 2.6% (up from 2.4% in 3Q 2024). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 5% per year. Aankondiging • Jun 27
Ic Co., Ltd. to Report Q3, 2025 Results on Aug 08, 2025 Ic Co., Ltd. announced that they will report Q3, 2025 results on Aug 08, 2025 New Risk • May 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 7.1% per year over the past 5 years. High level of non-cash earnings (24% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥7.44b market cap, or US$50.9m). Reported Earnings • May 10
Second quarter 2025 earnings released: EPS: JP¥20.85 (vs JP¥27.64 in 2Q 2024) Second quarter 2025 results: EPS: JP¥20.85 (down from JP¥27.64 in 2Q 2024). Revenue: JP¥2.53b (up 6.8% from 2Q 2024). Net income: JP¥155.0m (down 24% from 2Q 2024). Profit margin: 6.1% (down from 8.7% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Aankondiging • Apr 11
Ic Co., Ltd. (TSE:4769) completed the acquisition of Japan Image Delivery Corporation. Ic Co., Ltd. (TSE:4769) agreed to acquire Japan Image Delivery Corporation on April 4, 2025. For the period ending October 31, 2024, Japan Image Delivery Corporation reported total revenue of ¥440.51 million, EBIT of ¥10.82 million and net income of ¥8.31 million. As of October 31, 2024, Japan Image Delivery Corporation reported total assets of ¥144.75 million and total common equity of ¥48.22 million. The expected completion of the transaction is April 10, 2025.
Ic Co., Ltd. (TSE:4769) completed the acquisition of Japan Image Delivery Corporation on April 10, 2025. Aankondiging • Apr 04
Ai Holdings Corporation (TSE:3076) completed the acquisition of additional 77.4% stake in Nakayo, Inc. (TSE:6715) from Ic Co., Ltd. (TSE:4769) and others for ¥8.8 billion. Ai Holdings Corporation (TSE:3076) proposed to acquire additional 92.07% stake in Nakayo, Inc. (TSE:6715) from Ic Co., Ltd. (TSE:4769) and others for ¥11.4 billion on February 17, 2025. A cash consideration valued at ¥2550 per share will be paid by Ai Holdings Corporation. Nakayo, Inc. announce that at the board of directors meeting resolved to express an opinion in support of the tender offer for our common shares by Ai Holdings Corporation (hereinafter referred to as the "Tender Offeror") and to recommend that our shareholders tender their shares in the tender offer. The resolution of the board of directors was made on the assumption that the Tender Offeror intends to make our company a wholly owned subsidiary through the Tender Offer and a series of subsequent procedures, and that our shares are scheduled to be delisted. The date of announcement of commencement of tender offer will be on February 17, 2025. The Offer period will close on April 2, 2025. The minimum number of shares to be purchased is 2,610,700 shares and the maximum number of shares to be purchased will be 4,103,686. The Settlement start date is April 9, 2025.
Daiwa Securities Co., Ltd. acted as as a financial advisor and Nagoya & Yamamoto Law Firm as a legal advisor for Ai Holdings Corporation (TSE:3076). Deloitte Tohmatsu Financial Advisory LLC as a financial advisor and Kitahama Partners as a legal advisor for Nakayo, Inc.
Ai Holdings Corporation (TSE:3076) completed the acquisition of additional 77.4% stake in Nakayo, Inc. (TSE:6715) from Ic Co., Ltd. (TSE:4769) and others for ¥8.8 billion on April 2, 2025. Aankondiging • Mar 28
Ic Co., Ltd. to Report Q2, 2025 Results on May 09, 2025 Ic Co., Ltd. announced that they will report Q2, 2025 results on May 09, 2025 Aankondiging • Feb 27
Ai Holdings Corporation (TSE:3076) proposed to acquire Nakayo, Inc. (TSE:6715) from Ic Co., Ltd. (TSE:4769) and others for ¥11.4 billion. Ai Holdings Corporation (TSE:3076) proposed to acquire 92.06% stake in Nakayo, Inc. (TSE:6715) from Ic Co., Ltd. (TSE:4769) and others for ¥11.4 billion on February 17, 2025. A cash consideration valued at ¥2550 per share will be paid by Ai Holdings Corporation. Nakayo, Inc. announce that at the board of directors meeting resolved to express an opinion in support of the tender offer for our common shares by Ai Holdings Corporation (hereinafter referred to as the "Tender Offeror") and to recommend that our shareholders tender their shares in the tender offer. The resolution of the board of directors was made on the assumption that the Tender Offeror intends to make our company a wholly owned subsidiary through the Tender Offer and a series of subsequent procedures, and that our shares are scheduled to be delisted. The date of announcement of commencement of tender offer will be on February 17, 2025. The Offer period will close on April 2, 2025. The minimum number of shares to be purchased is 2,610,700 shares and the maximum number of shares to be purchased will be 4,103,686. The Settlement start date is April 9, 2025.
Daiwa Securities Co., Ltd. acted as as a financial advisor and Nagoya & Yamamoto Law Firm as a legal advisor for Ai Holdings Corporation (TSE:3076). Deloitte Tohmatsu Financial Advisory LLC as a financial advisor and Kitahama Partners as a legal advisor for Nakayo, Inc. Reported Earnings • Feb 08
First quarter 2025 earnings released: EPS: JP¥39.27 (vs JP¥18.76 in 1Q 2024) First quarter 2025 results: EPS: JP¥39.27 (up from JP¥18.76 in 1Q 2024). Revenue: JP¥2.42b (up 8.2% from 1Q 2024). Net income: JP¥292.0m (up 107% from 1Q 2024). Profit margin: 12% (up from 6.3% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Aankondiging • Jan 17
Ic Co., Ltd. to Report Q1, 2025 Results on Feb 07, 2025 Ic Co., Ltd. announced that they will report Q1, 2025 results on Feb 07, 2025 Reported Earnings • Dec 28
Full year 2024 earnings released: EPS: JP¥51.65 (vs JP¥49.04 in FY 2023) Full year 2024 results: EPS: JP¥51.65 (up from JP¥49.04 in FY 2023). Revenue: JP¥9.29b (up 8.5% from FY 2023). Net income: JP¥384.0m (up 3.2% from FY 2023). Profit margin: 4.1% (down from 4.3% 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 8% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Nov 11
Full year 2024 earnings released: EPS: JP¥51.65 (vs JP¥49.04 in FY 2023) Full year 2024 results: EPS: JP¥51.65 (up from JP¥49.04 in FY 2023). Revenue: JP¥9.29b (up 8.5% from FY 2023). Net income: JP¥384.0m (up 3.2% from FY 2023). Profit margin: 4.1% (down from 4.3% 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 8% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Aankondiging • Nov 08
Ic Co., Ltd., Annual General Meeting, Dec 20, 2024 Ic Co., Ltd., Annual General Meeting, Dec 20, 2024. Aankondiging • Sep 28
Ic Co., Ltd. to Report Fiscal Year 2024 Results on Nov 08, 2024 Ic Co., Ltd. announced that they will report fiscal year 2024 results on Nov 08, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥32.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 18 December 2024. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Aankondiging • Jun 30
Ic Co., Ltd. to Report Q3, 2024 Results on Aug 09, 2024 Ic Co., Ltd. announced that they will report Q3, 2024 results on Aug 09, 2024 Reported Earnings • May 13
Second quarter 2024 earnings released: EPS: JP¥27.63 (vs JP¥20.57 in 2Q 2023) Second quarter 2024 results: EPS: JP¥27.63 (up from JP¥20.57 in 2Q 2023). Revenue: JP¥2.36b (up 10.0% from 2Q 2023). Net income: JP¥205.0m (up 31% from 2Q 2023). Profit margin: 8.7% (up from 7.3% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. New Risk • May 13
New major risk - Revenue and earnings growth Earnings have declined by 1.0% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 1.0% per year over the past 5 years. 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¥6.79b market cap, or US$43.6m). Aankondiging • May 03
Ic Co., Ltd. to Report Q2, 2024 Results on May 10, 2024 Ic Co., Ltd. announced that they will report Q2, 2024 results on May 10, 2024 Aankondiging • Feb 22
Ic Co., Ltd. (TSE:4769) announces an Equity Buyback for 100,000 shares, representing 1.34% for ¥91 million. Ic Co., Ltd. (TSE:4769) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 common stock,, representing 1.34% for ¥91 million. The shares will be repurchased at a price of ¥903 per share. The purpose of the program is to enable improvement of capital efficiency and flexible execution of capital policy. As of January 31, 2024, the company had 7,485,062 shares (excluding treasury stock) and 247,208 shares in treasury. Reported Earnings • Feb 11
First quarter 2024 earnings released: EPS: JP¥18.76 (vs JP¥13.57 in 1Q 2023) First quarter 2024 results: EPS: JP¥18.76 (up from JP¥13.57 in 1Q 2023). Revenue: JP¥2.23b (up 5.5% from 1Q 2023). Net income: JP¥141.0m (up 37% from 1Q 2023). Profit margin: 6.3% (up from 4.9% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Aankondiging • Feb 04
Ic Co., Ltd. to Report Q1, 2024 Results on Feb 09, 2024 Ic Co., Ltd. announced that they will report Q1, 2024 results on Feb 09, 2024 Aankondiging • Nov 22
Ic Co., Ltd. (TSE:4769) announces an Equity Buyback for 100,000 shares, representing 1.32% for ¥87 million. Ic Co., Ltd. (TSE:4769) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 common stock,, representing 1.32% for ¥87 million. The shares will be repurchased at a price of ¥867 per share. The purpose of the program is to enable improvement of capital efficiency and flexible execution of capital policy. The program will expire on November 22, 2023. As of September 30, 2023, the company had 7,584,262 shares (excluding treasury stock) and 148,008 shares in treasury. Aankondiging • Nov 13
Ic Co., Ltd., Annual General Meeting, Dec 15, 2023 Ic Co., Ltd., Annual General Meeting, Dec 15, 2023. Reported Earnings • Nov 11
Full year 2023 earnings released: EPS: JP¥49.04 (vs JP¥68.95 in FY 2022) Full year 2023 results: EPS: JP¥49.04 (down from JP¥68.95 in FY 2022). Revenue: JP¥8.56b (flat on FY 2022). Net income: JP¥372.0m (down 29% from FY 2022). Profit margin: 4.3% (down from 6.2% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Aankondiging • Sep 28
Ic Co., Ltd. to Report Fiscal Year 2023 Results on Nov 10, 2023 Ic Co., Ltd. announced that they will report fiscal year 2023 results on Nov 10, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥31.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 19 December 2023. Payout ratio is a comfortable 64% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). New Risk • Aug 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.3% Last year net profit margin: 6.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. 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. Profit margins are more than 30% lower than last year (4.3% net profit margin). Market cap is less than US$100m (JP¥6.55b market cap, or US$45.2m). Reported Earnings • Aug 13
Third quarter 2023 earnings released: EPS: JP¥5.14 (vs JP¥18.03 in 3Q 2022) Third quarter 2023 results: EPS: JP¥5.14 (down from JP¥18.03 in 3Q 2022). Revenue: JP¥2.09b (flat on 3Q 2022). Net income: JP¥39.0m (down 72% from 3Q 2022). Profit margin: 1.9% (down from 6.6% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Aankondiging • Jun 29
Ic Co., Ltd. to Report Q3, 2023 Results on Aug 10, 2023 Ic Co., Ltd. announced that they will report Q3, 2023 results on Aug 10, 2023 Reported Earnings • May 14
Second quarter 2023 earnings released: EPS: JP¥20.57 (vs JP¥23.07 in 2Q 2022) Second quarter 2023 results: EPS: JP¥20.57 (down from JP¥23.07 in 2Q 2022). Revenue: JP¥2.15b (down 1.1% from 2Q 2022). Net income: JP¥156.0m (down 11% from 2Q 2022). Profit margin: 7.3% (down from 8.1% in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Aankondiging • May 13
Information Creative Co., Ltd. to Report Q2, 2023 Results on May 12, 2023 Information Creative Co., Ltd. announced that they will report Q2, 2023 results on May 12, 2023 Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥976, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 54% over the past three years. Reported Earnings • Feb 12
First quarter 2023 earnings released: EPS: JP¥13.57 (vs JP¥18.71 in 1Q 2022) First quarter 2023 results: EPS: JP¥13.57 (down from JP¥18.71 in 1Q 2022). Revenue: JP¥2.12b (flat on 1Q 2022). Net income: JP¥103.0m (down 28% from 1Q 2022). Profit margin: 4.9% (down from 6.8% in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Aankondiging • Dec 28
Information Creative Co., Ltd. to Report Q1, 2023 Results on Feb 10, 2023 Information Creative Co., Ltd. announced that they will report Q1, 2023 results on Feb 10, 2023 Aankondiging • Nov 23
Information Creative Co., Ltd. (TSE:4769) announces an Equity Buyback for 12,400 shares, representing 0.16% for ¥10.97 million. Information Creative Co., Ltd. (TSE:4769) announces a share repurchase program. Under the program, the company will repurchase up to 12,400 common stock,, representing 0.16% for ¥10.97 million. The shares will be repurchased at a price of ¥885 million. The purpose of the program is to enable improvement of capital efficiency and flexible execution of capital policy. The program will expire on November 24, 2022. As of September 30, 2022, the company had 7,596,662 shares (excluding treasury stock) and 135,608 shares in treasury. 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. 5 non-independent directors. Independent Outside Director Yasuhiro Kobayashi was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 10
Information Creative Co., Ltd., Annual General Meeting, Dec 16, 2022 Information Creative Co., Ltd., Annual General Meeting, Dec 16, 2022. Reported Earnings • Nov 10
Full year 2022 earnings released: EPS: JP¥68.94 (vs JP¥63.22 in FY 2021) Full year 2022 results: EPS: JP¥68.94 (up from JP¥63.22 in FY 2021). Revenue: JP¥8.49b (up 4.7% from FY 2021). Net income: JP¥526.0m (up 8.0% from FY 2021). Profit margin: 6.2% (up from 6.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Aankondiging • Sep 28
Information Creative Co., Ltd. to Report Fiscal Year 2022 Results on Nov 08, 2022 Information Creative Co., Ltd. announced that they will report fiscal year 2022 results on Nov 08, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 20 December 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Reported Earnings • Aug 07
Third quarter 2022 earnings released: EPS: JP¥18.03 (vs JP¥13.13 in 3Q 2021) Third quarter 2022 results: EPS: JP¥18.03 (up from JP¥13.13 in 3Q 2021). Revenue: JP¥2.08b (up 10% from 3Q 2021). Net income: JP¥137.0m (up 36% from 3Q 2021). Profit margin: 6.6% (up from 5.3% in 3Q 2021). 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 whereas the company’s share price has increased by 10% per year. Aankondiging • Jun 05
Information Creative Co., Ltd. to Report Q3, 2022 Results on Aug 05, 2022 Information Creative Co., Ltd. announced that they will report Q3, 2022 results on Aug 05, 2022 Reported Earnings • May 17
Second quarter 2022 earnings released: EPS: JP¥23.07 (vs JP¥23.54 in 2Q 2021) Second quarter 2022 results: EPS: JP¥23.07 (down from JP¥23.54 in 2Q 2021). Revenue: JP¥2.17b (up 2.3% from 2Q 2021). Net income: JP¥176.0m (down 2.8% from 2Q 2021). Profit margin: 8.1% (down from 8.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 14% per year. Board Change • Apr 27
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. 5 non-independent directors. Independent Outside Director Yasuhiro Kobayashi was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 08
Information Creative Co., Ltd. to Report Q2, 2022 Results on May 13, 2022 Information Creative Co., Ltd. announced that they will report Q2, 2022 results on May 13, 2022 Aankondiging • Feb 25
Information Creative Co., Ltd. (JASDAQ:4769) announces an Equity Buyback for 100,000 shares, representing 1.3% for ¥81 million. Information Creative Co., Ltd. (JASDAQ:4769) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 1.3% of its issued share capital, for ¥81 million. The purpose of the program is to enable improvement of capital efficiency and agile execution of capital policy. As of September 30, 2021, the company had 7,696,662 issued shares (excluding treasury stock) and 35,608 treasury shares. Reported Earnings • Feb 12
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: JP¥18.71 (up from JP¥15.52 in 1Q 2021). Revenue: JP¥2.12b (up 9.4% from 1Q 2021). Net income: JP¥144.0m (up 20% from 1Q 2021). Profit margin: 6.8% (up from 6.2% in 1Q 2021). 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 increased by 13% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Nov 07
Full year 2021 earnings released: EPS JP¥63.22 (vs JP¥83.17 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥8.11b (down 4.5% from FY 2020). Net income: JP¥487.0m (down 24% from FY 2020). Profit margin: 6.0% (down from 7.6% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 21 December 2021. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.2%). Aankondiging • Sep 15
Information Creative Co., Ltd. (JASDAQ:4769) agreed to acquire Silk Laboratory Co., Ltd. from Miyuki Okuyama and others. Information Creative Co., Ltd. (JASDAQ:4769) agreed to acquire Silk Laboratory Co., Ltd. from Miyuki Okuyama and others on September 14, 2021. Miyuki Okuyama is selling 76.5% stake while other individual shareholders are selling the remaining 23.5%. Also included in the acquisition is Silk Laboratory's subsidiary, FEAT Limited. For the fiscal year ending December 2020, Silk Laboratory reported net assets of ¥139.26 million, total assets of ¥202.65 million, sales of ¥319.00 million, and net profit of ¥17.03 million. Miyuki Okuyama, Representative Director of Silk Laboratory Co., Ltd. and FEAT Limited, is scheduled to continue to serve as director of the company even after the acquisition of the shares by the company. The expected closing of the deal is on October 1, 2021. Reported Earnings • May 09
Second quarter 2021 earnings released: EPS JP¥23.54 (vs JP¥39.71 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥2.13b (down 7.7% from 2Q 2020). Net income: JP¥181.0m (down 41% from 2Q 2020). Profit margin: 8.5% (down from 13% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥789 The company is up 7.0% from its price of JP¥736 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 4.0% over the same period. Reported Earnings • Feb 07
First quarter 2021 earnings released: EPS JP¥15.52 (vs JP¥21.21 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥1.93b (down 4.5% from 1Q 2020). Net income: JP¥120.0m (down 27% from 1Q 2020). Profit margin: 6.2% (down from 8.1% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 14
Information Creative Co., Ltd. to Report Q1, 2021 Results on Feb 05, 2021 Information Creative Co., Ltd. announced that they will report Q1, 2021 results on Feb 05, 2021 Reported Earnings • Dec 27
Full year 2020 earnings released: EPS JP¥83.17 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥8.49b (up 1.6% from FY 2019). Net income: JP¥643.0m (up 71% from FY 2019). Profit margin: 7.6% (up from 4.5% in FY 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 09
New 90-day low: JP¥751 The company is down 4.0% from its price of JP¥782 on 11 August 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 8.0% over the same period. Aankondiging • Nov 08
Information Creative Co., Ltd., Annual General Meeting, Dec 18, 2020 Information Creative Co., Ltd., Annual General Meeting, Dec 18, 2020. Reported Earnings • Nov 07
Full year 2020 earnings released: EPS JP¥83.16 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥8.49b (up 1.6% from FY 2019). Net income: JP¥643.0m (up 71% from FY 2019). Profit margin: 7.6% (up from 4.5% in FY 2019). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Sep 28
New 90-day high: JP¥885 The company is up 12% from its price of JP¥790 on 30 June 2020. The Japanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 11% over the same period. Upcoming Dividend • Sep 22
Upcoming Dividend of JP¥21.00 Per Share Will be paid on the 23rd of December to those who are registered shareholders by the 29th of September. The trailing yield of 2.5% is below the top quartile of Japanese dividend payers (3.1%), but it is higher than industry peers (1.3%).