Reported Earnings • 14h
First quarter 2027 earnings released: EPS: JP¥28.59 (vs JP¥0.35 loss in 1Q 2026) First quarter 2027 results: EPS: JP¥28.59 (up from JP¥0.35 loss in 1Q 2026). Revenue: JP¥1.73b (up 6.7% from 1Q 2026). Net income: JP¥81.0m (up JP¥82.0m from 1Q 2026). Profit margin: 4.7% (up from net loss in 1Q 2026). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Aankondiging • May 22
Virtualex Holdings, Inc. to Report Q1, 2027 Results on Aug 13, 2026 Virtualex Holdings, Inc. announced that they will report Q1, 2027 results on Aug 13, 2026 Buy Or Sell Opportunity • May 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.4% to JP¥926. The fair value is estimated to be JP¥1,164, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • May 16
Full year 2026 earnings released: JP¥28.70 loss per share (vs JP¥39.22 profit in FY 2025) Full year 2026 results: JP¥28.70 loss per share (down from JP¥39.22 profit in FY 2025). Revenue: JP¥6.88b (up 6.0% from FY 2025). Net loss: JP¥81.0m (down 173% from profit in FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Aankondiging • May 13
Virtualex Holdings, Inc., Annual General Meeting, Jun 25, 2026 Virtualex Holdings, Inc., Annual General Meeting, Jun 25, 2026. Aankondiging • May 10
Virtualex Holdings, Inc. to Report Fiscal Year 2026 Results on May 13, 2026 Virtualex Holdings, Inc. announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.8%). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥15.93 (vs JP¥21.68 in 3Q 2025) Third quarter 2026 results: EPS: JP¥15.93 (down from JP¥21.68 in 3Q 2025). Revenue: JP¥1.68b (flat on 3Q 2025). Net income: JP¥45.0m (down 26% from 3Q 2025). Profit margin: 2.7% (down from 3.7% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Aankondiging • Dec 03
Virtualex Holdings, Inc. to Report Q3, 2026 Results on Feb 13, 2026 Virtualex Holdings, Inc. announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: JP¥35.87 (vs JP¥30.15 in 2Q 2025) Second quarter 2026 results: EPS: JP¥35.87 (up from JP¥30.15 in 2Q 2025). Revenue: JP¥1.71b (up 5.0% from 2Q 2025). Net income: JP¥101.0m (up 19% from 2Q 2025). Profit margin: 5.9% (up from 5.2% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 15
Virtualex Holdings, Inc. to Report Q2, 2026 Results on Nov 13, 2025 Virtualex Holdings, Inc. announced that they will report Q2, 2026 results on Nov 13, 2025 Reported Earnings • Aug 15
First quarter 2026 earnings released: JP¥0.35 loss per share (vs JP¥29.91 loss in 1Q 2025) First quarter 2026 results: JP¥0.35 loss per share (improved from JP¥29.91 loss in 1Q 2025). Revenue: JP¥1.62b (up 7.9% from 1Q 2025). Net loss: JP¥1.00m (loss narrowed 99% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥935, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 14% over the past three years. Aankondiging • Jul 03
Virtualex Holdings, Inc. to Report Q1, 2026 Results on Aug 13, 2025 Virtualex Holdings, Inc. announced that they will report Q1, 2026 results on Aug 13, 2025 New Risk • Jun 19
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 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Profit margins are more than 30% lower than last year (1.7% net profit margin). Market cap is less than US$100m (JP¥2.39b market cap, or US$16.4m). Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥39.22 (vs JP¥69.15 in FY 2024) Full year 2025 results: EPS: JP¥39.22 (down from JP¥69.15 in FY 2024). Revenue: JP¥6.49b (down 3.0% from FY 2024). Net income: JP¥111.0m (down 45% from FY 2024). Profit margin: 1.7% (down from 3.0% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • May 15
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 7.5% to JP¥873. The fair value is estimated to be JP¥705, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 26%. Aankondiging • May 13
Virtualex Holdings, Inc., Annual General Meeting, Jun 26, 2025 Virtualex Holdings, Inc., Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥909, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 16x in the IT industry in Japan. Total loss to shareholders of 2.2% over the past three years. Buy Or Sell Opportunity • Apr 22
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 7.2% to JP¥879. The fair value is estimated to be JP¥718, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 26%. Aankondiging • Apr 19
Virtualex Holdings, Inc. to Report Fiscal Year 2025 Results on May 13, 2025 Virtualex Holdings, Inc. announced that they will report fiscal year 2025 results on May 13, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥21.68 (vs JP¥5.13 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥21.68 (up from JP¥5.13 loss in 3Q 2024). Revenue: JP¥1.67b (flat on 3Q 2024). Net income: JP¥61.0m (up JP¥76.0m from 3Q 2024). Profit margin: 3.7% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Aankondiging • Jan 03
Virtualex Holdings, Inc. to Report Q3, 2025 Results on Feb 13, 2025 Virtualex Holdings, Inc. announced that they will report Q3, 2025 results on Feb 13, 2025 Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: JP¥30.15 (vs JP¥20.51 in 2Q 2024) Second quarter 2025 results: EPS: JP¥30.15 (up from JP¥20.51 in 2Q 2024). Revenue: JP¥1.63b (down 3.5% from 2Q 2024). Net income: JP¥85.0m (up 42% from 2Q 2024). Profit margin: 5.2% (up from 3.6% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 13% per year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥739, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 13% over the past three years. Aankondiging • Jul 21
Virtualex Holdings, Inc. to Report Q1, 2025 Results on Aug 13, 2024 Virtualex Holdings, Inc. announced that they will report Q1, 2025 results on Aug 13, 2024 Aankondiging • Jul 05
Virtualex Holdings, Inc. (TSE:6193) announces an Equity Buyback for 65,000 shares, representing 2.26% for ¥58.83 million. Virtualex Holdings, Inc. (TSE:6193) announces a share repurchase program. Under the program, the company will repurchase up to 65,000 shares, representing 2.26% of its share capital, for ¥58.83 million. The shares will be repurchased at ¥905 per share. The company will repurchase its shares in order to realize profit returns to shareholders and improve capital efficiency by implementing a flexible capital policy. As of July 5, 2024, the company had 2,874,924 shares outstanding (excluding treasury shares) and 114,829 shares in treasury New Risk • May 17
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: 3.0% Last year net profit margin: 9.3% 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 Short dividend paying track record (1 year of continuous dividend payments). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (JP¥2.53b market cap, or US$16.2m). Reported Earnings • May 17
Full year 2024 earnings released: EPS: JP¥69.15 (vs JP¥217 in FY 2023) Full year 2024 results: EPS: JP¥69.15 (down from JP¥217 in FY 2023). Revenue: JP¥6.69b (down 1.6% from FY 2023). Net income: JP¥202.0m (down 68% from FY 2023). Profit margin: 3.0% (down from 9.3% in FY 2023). 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. Aankondiging • May 15
Virtualex Holdings, Inc., Annual General Meeting, Jun 25, 2024 Virtualex Holdings, Inc., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Aankondiging • Mar 08
Virtualex Holdings, Inc. to Report Fiscal Year 2024 Results on May 13, 2024 Virtualex Holdings, Inc. announced that they will report fiscal year 2024 results on May 13, 2024 Aankondiging • Feb 22
Virtualex Holdings, Inc. (TSE:6193) announces an Equity Buyback for 80,000 shares, representing 2.74% for ¥50 million. Virtualex Holdings, Inc. (TSE:6193) announces a share repurchase program. Under the program, the company will repurchase up to 80,000 shares, representing 2.74% of its share capital, for ¥50 million. The company will repurchase its shares in order to implement a flexible capital policy, return profits to all shareholders, and improve capital efficiency. The share repurchase program will run until March 22, 2024. As of February 21, 2024, the company had 2,925,024 shares outstanding (excluding treasury shares) and 64,729 shares in treasury Reported Earnings • Feb 15
Third quarter 2024 earnings released: JP¥5.13 loss per share (vs JP¥37.26 profit in 3Q 2023) Third quarter 2024 results: JP¥5.13 loss per share (down from JP¥37.26 profit in 3Q 2023). Revenue: JP¥1.66b (down 4.9% from 3Q 2023). Net loss: JP¥15.0m (down 114% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥902, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 30% over the past three years. New Risk • Feb 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 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (JP¥3.38b market cap, or US$22.8m). Aankondiging • Dec 30
Virtualex Holdings, Inc. to Report Q3, 2024 Results on Feb 13, 2024 Virtualex Holdings, Inc. announced that they will report Q3, 2024 results on Feb 13, 2024 New Risk • Nov 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% 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 Risk High level of non-cash earnings (29% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥2.88b market cap, or US$19.0m). Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥20.51 (vs JP¥38.63 in 2Q 2023) Second quarter 2024 results: EPS: JP¥20.51 (down from JP¥38.63 in 2Q 2023). Revenue: JP¥1.69b (up 1.0% from 2Q 2023). Net income: JP¥60.0m (down 47% from 2Q 2023). Profit margin: 3.6% (down from 6.8% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 05
Virtualex Holdings, Inc. to Report Q2, 2024 Results on Nov 09, 2023 Virtualex Holdings, Inc. announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥17.09 (vs JP¥24.77 in 1Q 2023) First quarter 2024 results: EPS: JP¥17.09 (down from JP¥24.77 in 1Q 2023). Revenue: JP¥1.75b (up 11% from 1Q 2023). Net income: JP¥50.0m (down 31% from 1Q 2023). Profit margin: 2.9% (down from 4.6% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 06
Virtualex Holdings, Inc. to Report Q1, 2024 Results on Aug 10, 2023 Virtualex Holdings, Inc. announced that they will report Q1, 2024 results on Aug 10, 2023 Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,148, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 114% over the past three years. Reported Earnings • May 14
Full year 2023 earnings released: EPS: JP¥217 (vs JP¥126 in FY 2022) Full year 2023 results: EPS: JP¥217 (up from JP¥126 in FY 2022). Revenue: JP¥6.80b (up 9.2% from FY 2022). Net income: JP¥635.0m (up 75% from FY 2022). Profit margin: 9.3% (up from 5.8% in FY 2022). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Aankondiging • May 13
Virtualex Holdings, Inc., Annual General Meeting, Jun 27, 2023 Virtualex Holdings, Inc., Annual General Meeting, Jun 27, 2023. Buying Opportunity • May 12
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,526, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥1,581, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 379% over the past three years. Buying Opportunity • Feb 12
Now 24% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,619, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,321, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 113% over the past three years. Aankondiging • Jan 06
Virtualex Holdings, Inc. to Report Q3, 2023 Results on Feb 09, 2023 Virtualex Holdings, Inc. announced that they will report Q3, 2023 results on Feb 09, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. No independent directors (4 non-independent directors). Executive Officer, GM of Corporate Management Division & Director Masaru Kuroda was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥39.10 (vs JP¥35.06 in 2Q 2022) Second quarter 2023 results: EPS: JP¥39.10 (up from JP¥35.06 in 2Q 2022). Revenue: JP¥1.67b (up 9.6% from 2Q 2022). Net income: JP¥113.0m (up 12% from 2Q 2022). Profit margin: 6.8% (up from 6.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 21
Virtualex Holdings, Inc. to Report Q2, 2023 Results on Nov 10, 2022 Virtualex Holdings, Inc. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥24.77 (vs JP¥16.33 in 1Q 2022) First quarter 2023 results: EPS: JP¥24.77 (up from JP¥16.33 in 1Q 2022). Revenue: JP¥1.57b (up 6.6% from 1Q 2022). Net income: JP¥72.0m (up 53% from 1Q 2022). Profit margin: 4.6% (up from 3.2% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 09
Virtualex Holdings, Inc. to Report Q1, 2023 Results on Aug 10, 2022 Virtualex Holdings, Inc. announced that they will report Q1, 2023 results on Aug 10, 2022 Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,205, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 36% over the past three years. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥1,127, the stock trades at a trailing P/E ratio of 9x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 50% over the past three years. Aankondiging • May 12
Virtualex Holdings, Inc., Annual General Meeting, Jun 24, 2022 Virtualex Holdings, Inc., Annual General Meeting, Jun 24, 2022. Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥126 (vs JP¥38.21 in FY 2021) Full year 2022 results: EPS: JP¥126 (up from JP¥38.21 in FY 2021). Revenue: JP¥6.22b (up 11% from FY 2021). Net income: JP¥364.0m (up 231% from FY 2021). Profit margin: 5.8% (up from 2.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. No independent directors (4 non-independent directors). Executive Officer, GM of Corporate Management Division & Director Masaru Kuroda was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥979, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 39% over the past three years. Aankondiging • Apr 08
Virtualex Holdings, Inc. to Report Fiscal Year 2022 Results on May 10, 2022 Virtualex Holdings, Inc. announced that they will report fiscal year 2022 results on May 10, 2022 Buying Opportunity • Apr 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 3.4%. The fair value is estimated to be JP¥1,364, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 71%. Buying Opportunity • Mar 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be JP¥1,368, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 71% per annum over the last 3 years. Buying Opportunity • Feb 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be JP¥1,362, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 71% per annum over the last 3 years. Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥47.20 (up from JP¥26.40 in 3Q 2021). Revenue: JP¥1.63b (up 14% from 3Q 2021). Net income: JP¥136.0m (up 79% from 3Q 2021). Profit margin: 8.4% (up from 5.3% in 3Q 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 71% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥1,242, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 19x in the IT industry in Japan. Total returns to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥1,329, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 20x in the IT industry in Japan. Total returns to shareholders of 118% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 26% share price gain to JP¥1,202, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 21x in the IT industry in Japan. Total returns to shareholders of 69% over the past three years. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥35.06 (vs JP¥27.10 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥1.52b (up 13% from 2Q 2021). Net income: JP¥101.0m (up 30% from 2Q 2021). Profit margin: 6.6% (up from 5.8% 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 47% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥919, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 22x in the IT industry in Japan. Total returns to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥789, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 21x in the IT industry in Japan. Total loss to shareholders of 4.4% over the past three years. Reported Earnings • Aug 12
First quarter 2022 earnings released: EPS JP¥16.33 (vs JP¥35.78 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥1.48b (up 20% from 1Q 2021). Net income: JP¥47.0m (up JP¥150.0m from 1Q 2021). Profit margin: 3.2% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥775, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 22x in the IT industry in Japan. Total loss to shareholders of 1.8% over the past three years. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥631, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 25x in the IT industry in Japan. Total loss to shareholders of 44% over the past three years. Reported Earnings • May 12
Full year 2021 earnings released: EPS JP¥38.21 (vs JP¥179 loss 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¥5.63b (down 5.3% from FY 2020). Net income: JP¥110.0m (up JP¥629.0m from FY 2020). Profit margin: 2.0% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥838, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 29x in the IT industry in Japan. Total loss to shareholders of 17% over the past three years. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥26.40 (vs JP¥24.67 loss 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¥1.43b (down 1.5% from 3Q 2020). Net income: JP¥76.0m (up JP¥147.0m from 3Q 2020). Profit margin: 5.3% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 28
New 90-day high: JP¥662 The company is up 5.0% from its price of JP¥633 on 30 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 12% over the same period. Aankondiging • Jan 07
Virtualex Holdings, Inc. to Report Q3, 2021 Results on Feb 10, 2021 Virtualex Holdings, Inc. announced that they will report Q3, 2021 results on Feb 10, 2021 Aankondiging • Oct 10
Virtualex Holdings, Inc. to Report Q2, 2021 Results on Nov 10, 2020 Virtualex Holdings, Inc. announced that they will report Q2, 2021 results on Nov 10, 2020