Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to JP¥1,823, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 14x in the IT industry in Japan. Total returns to shareholders of 59% over the past three years. New Risk • May 13
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 8.1% 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 Debt is not well covered by operating cash flow (5.4% operating cash flow to total debt). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.1% average weekly change). Reported Earnings • May 13
Second quarter 2026 earnings released: EPS: JP¥52.18 (vs JP¥37.99 in 2Q 2025) Second quarter 2026 results: EPS: JP¥52.18 (up from JP¥37.99 in 2Q 2025). Revenue: JP¥37.7b (up 8.4% from 2Q 2025). Net income: JP¥2.34b (up 35% from 2Q 2025). Profit margin: 6.2% (up from 5.0% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 16 June 2026. Payout ratio is a comfortable 26% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 15
First quarter 2026 earnings released: EPS: JP¥42.69 (vs JP¥29.37 in 1Q 2025) First quarter 2026 results: EPS: JP¥42.69 (up from JP¥29.37 in 1Q 2025). Revenue: JP¥48.7b (up 74% from 1Q 2025). Net income: JP¥1.94b (up 45% from 1Q 2025). Profit margin: 4.0% (down from 4.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 5.2% growth forecast for the IT industry in Japan. New Risk • Feb 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 5.3% 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 Risks Debt is not well covered by operating cash flow (4.8% operating cash flow to total debt). Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.3% average weekly change). Declared Dividend • Jan 08
Final dividend of JP¥22.00 announced Shareholders will receive a dividend of JP¥22.00. Ex-date: 30th March 2026 Payment date: 16th June 2026 Dividend yield will be 2.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (28% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 31% per year over the past 3 years and payments have been stable during that time. EPS is expected to remain steady over the next 2 years, which should provide adequate earnings cover for the dividend. Board Change • Jan 01
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Mika Yanagisawa was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Dec 02
Japan Business Systems, Inc. to Report Q1, 2026 Results on Feb 12, 2026 Japan Business Systems, Inc. announced that they will report Q1, 2026 results on Feb 12, 2026 Aankondiging • Nov 21
Japan Business Systems, Inc. (TSE:5036) announces an Equity Buyback for 1,200,000 shares, representing 2.63% for ¥2,400 million. Japan Business Systems, Inc. (TSE:5036) announces a share repurchase program. Under the program, the company will repurchase 1,200,000 shares, representing 2.63% of its share capital, for ¥2,400 million. The company will repurchase its shares in order to to avoid dilution of its stock value and to implement a flexible capital policy in response to changes in the business environment. The program will run until February 28, 2026. As of September 30, 2025, the company had 45,595,805 shares outstanding (excluding treasury shares) and 2,770,595 shares in treasury. Reported Earnings • Nov 14
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥123 (up from JP¥33.21 in FY 2024). Revenue: JP¥172.6b (up 23% from FY 2024). Net income: JP¥5.63b (up 272% from FY 2024). Profit margin: 3.3% (up from 1.1% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the IT industry in Japan. New Risk • Nov 13
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 5.4% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.4% average weekly change). Aankondiging • Nov 11
Japan Business Systems, Inc., Annual General Meeting, Dec 18, 2025 Japan Business Systems, Inc., Annual General Meeting, Dec 18, 2025. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 23 December 2025. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%). Aankondiging • Sep 04
Japan Business Systems, Inc. to Report Fiscal Year 2025 Results on Nov 11, 2025 Japan Business Systems, Inc. announced that they will report fiscal year 2025 results on Nov 11, 2025 Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,623, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 71% over the past three years. Aankondiging • Aug 20
Japan Business Systems, Inc. has filed a Follow-on Equity Offering. Japan Business Systems, Inc. has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 2,304,400 Aankondiging • Aug 18
Japan Business Systems, Inc. has filed a Follow-on Equity Offering. Japan Business Systems, Inc. has filed a Follow-on Equity Offering.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 2,304,400 Reported Earnings • Aug 09
Third quarter 2025 earnings released: EPS: JP¥19.76 (vs JP¥2.92 in 3Q 2024) Third quarter 2025 results: EPS: JP¥19.76 (up from JP¥2.92 in 3Q 2024). Revenue: JP¥69.4b (up 33% from 3Q 2024). Net income: JP¥901.0m (up JP¥768.0m from 3Q 2024). Profit margin: 1.3% (up from 0.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan. Aankondiging • Jun 04
Japan Business Systems, Inc. to Report Q3, 2025 Results on Aug 08, 2025 Japan Business Systems, Inc. announced that they will report Q3, 2025 results on Aug 08, 2025 Reported Earnings • May 15
Second quarter 2025 earnings released: EPS: JP¥37.99 (vs JP¥6.80 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥37.99 (up from JP¥6.80 loss in 2Q 2024). Revenue: JP¥34.8b (up 24% from 2Q 2024). Net income: JP¥1.73b (up JP¥2.04b from 2Q 2024). Profit margin: 5.0% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT industry in Japan. New Risk • May 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 11% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Less than 3 years of financial data is available. Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Valuation Update With 7 Day Price Move • May 14
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to JP¥1,348, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 24% over the past year. 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: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Less than 3 years of financial data is available. Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥812, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the IT industry in Japan. Total loss to shareholders of 39% over the past year. Aankondiging • Mar 27
Japan Business Systems, Inc. to Report Q2, 2025 Results on May 13, 2025 Japan Business Systems, Inc. announced that they will report Q2, 2025 results on May 13, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 16 June 2025. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 15
First quarter 2025 earnings released: EPS: JP¥29.37 (vs JP¥14.92 in 1Q 2024) First quarter 2025 results: EPS: JP¥29.37 (up from JP¥14.92 in 1Q 2024). Revenue: JP¥27.9b (up 7.9% from 1Q 2024). Net income: JP¥1.34b (up 97% from 1Q 2024). Profit margin: 4.8% (up from 2.6% in 1Q 2024). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Aankondiging • Dec 06
Japan Business Systems, Inc. to Report Q1, 2025 Results on Feb 13, 2025 Japan Business Systems, Inc. announced that they will report Q1, 2025 results on Feb 13, 2025 New Risk • Nov 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (28% accrual ratio). Minor Risks Less than 3 years of financial data is available. Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). Profit margins are more than 30% lower than last year (1.1% net profit margin). Reported Earnings • Nov 10
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥33.21 (down from JP¥73.94 in FY 2023). Revenue: JP¥140.9b (up 25% from FY 2023). Net income: JP¥1.51b (down 55% from FY 2023). Profit margin: 1.1% (down from 3.0% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.3%. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the IT industry in Japan. Aankondiging • Nov 08
Japan Business Systems, Inc., Annual General Meeting, Dec 20, 2024 Japan Business Systems, Inc., Annual General Meeting, Dec 20, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 25 December 2024. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Aankondiging • Aug 30
Japan Business Systems, Inc. to Report Fiscal Year 2024 Results on Nov 08, 2024 Japan Business Systems, Inc. announced that they will report fiscal year 2024 results on Nov 08, 2024 Reported Earnings • Aug 18
Third quarter 2024 earnings released: EPS: JP¥2.92 (vs JP¥33.90 in 3Q 2023) Third quarter 2024 results: EPS: JP¥2.92 (down from JP¥33.90 in 3Q 2023). Revenue: JP¥52.2b (up 71% from 3Q 2023). Net income: JP¥133.0m (down 91% from 3Q 2023). Profit margin: 0.3% (down from 5.1% in 3Q 2023). Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the IT industry in Japan. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥830, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the IT industry in Japan. Total loss to shareholders of 32% over the past year. Aankondiging • Jun 15
Japan Business Systems, Inc. to Report Q3, 2024 Results on Aug 13, 2024 Japan Business Systems, Inc. announced that they will report Q3, 2024 results on Aug 13, 2024 Buy Or Sell Opportunity • May 24
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to JP¥1,053. The fair value is estimated to be JP¥1,366, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 99% in the next 2 years. Reported Earnings • May 18
Second quarter 2024 earnings released: JP¥6.80 loss per share (vs JP¥33.90 profit in 2Q 2023) Second quarter 2024 results: JP¥6.80 loss per share (down from JP¥33.90 profit in 2Q 2023). Revenue: JP¥28.1b (down 8.0% from 2Q 2023). Net loss: JP¥310.0m (down 120% from profit in 2Q 2023). Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the IT industry in Japan. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,119, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the IT industry in Japan. Total loss to shareholders of 12% over the past year. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Aankondiging • Feb 24
Japan Business Systems, Inc. to Report Q2, 2024 Results on May 14, 2024 Japan Business Systems, Inc. announced that they will report Q2, 2024 results on May 14, 2024 Board Change • Feb 08
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Director Takashi Morisaki was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,548, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 12% over the past year. Aankondiging • Nov 29
Japan Business Systems, Inc. to Report Q1, 2024 Results on Feb 13, 2024 Japan Business Systems, Inc. announced that they will report Q1, 2024 results on Feb 13, 2024 Aankondiging • Nov 17
Japan Business Systems, Inc., Annual General Meeting, Dec 22, 2023 Japan Business Systems, Inc., Annual General Meeting, Dec 22, 2023. New Risk • Oct 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. 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 (7.5% average weekly change). Aankondiging • Sep 02
Japan Business Systems, Inc. to Report Fiscal Year 2023 Results on Nov 14, 2023 Japan Business Systems, Inc. announced that they will report fiscal year 2023 results on Nov 14, 2023 Aankondiging • Jun 02
Japan Business Systems, Inc. to Report Q3, 2023 Results on Aug 04, 2023 Japan Business Systems, Inc. announced that they will report Q3, 2023 results on Aug 04, 2023 Aankondiging • Nov 30
Japan Business Systems, Inc. to Report Q1, 2023 Results on Feb 06, 2023 Japan Business Systems, Inc. announced that they will report Q1, 2023 results on Feb 06, 2023 Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 13
Japan Business Systems, Inc., Annual General Meeting, Dec 16, 2022 Japan Business Systems, Inc., Annual General Meeting, Dec 16, 2022. Aankondiging • Sep 03
Japan Business Systems, Inc. to Report Fiscal Year 2022 Results on Nov 11, 2022 Japan Business Systems, Inc. announced that they will report fiscal year 2022 results on Nov 11, 2022