Buy Or Sell Opportunity • Jul 07
Now 20% undervalued Over the last 90 days, the stock has risen 2.5% to JP¥333. The fair value is estimated to be JP¥417, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 19%. Aankondiging • Jun 01
Cgs Holdings Inc. to Report Q2, 2026 Results on Aug 07, 2026 Cgs Holdings Inc. announced that they will report Q2, 2026 results on Aug 07, 2026 Buy Or Sell Opportunity • Jun 01
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.1% to JP¥331. The fair value is estimated to be JP¥420, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 19%. Reported Earnings • May 20
First quarter 2026 earnings released: EPS: JP¥4.21 (vs JP¥5.58 in 1Q 2025) First quarter 2026 results: EPS: JP¥4.21 (down from JP¥5.58 in 1Q 2025). Revenue: JP¥1.46b (up 27% from 1Q 2025). Net income: JP¥40.0m (down 25% from 1Q 2025). Profit margin: 2.7% (down from 4.6% 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 19% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 29
Full year 2025 earnings released: EPS: JP¥27.68 (vs JP¥12.74 in FY 2024) Full year 2025 results: EPS: JP¥27.68 (up from JP¥12.74 in FY 2024). Revenue: JP¥4.98b (up 27% from FY 2024). Net income: JP¥263.0m (up 117% from FY 2024). Profit margin: 5.3% (up from 3.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥27.68 (vs JP¥12.74 in FY 2024) Full year 2025 results: EPS: JP¥27.68 (up from JP¥12.74 in FY 2024). Revenue: JP¥4.98b (up 27% from FY 2024). Net income: JP¥263.0m (up 117% from FY 2024). Profit margin: 5.3% (up from 3.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Aankondiging • Feb 13
Cgs Holdings Inc., Annual General Meeting, Mar 25, 2026 Cgs Holdings Inc., Annual General Meeting, Mar 25, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 35% and the cash payout ratio is 95%. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Aankondiging • Dec 03
Cgs Holdings Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026 Cgs Holdings Inc. announced that they will report fiscal year 2025 results on Feb 13, 2026 Aankondiging • Sep 01
Cgs Holdings Inc. to Report Q3, 2025 Results on Nov 14, 2025 Cgs Holdings Inc. announced that they will report Q3, 2025 results on Nov 14, 2025 Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: JP¥14.52 (vs JP¥1.58 in 2Q 2024) Second quarter 2025 results: EPS: JP¥14.52 (up from JP¥1.58 in 2Q 2024). Revenue: JP¥1.11b (up 24% from 2Q 2024). Net income: JP¥138.0m (up JP¥123.0m from 2Q 2024). Profit margin: 13% (up from 1.7% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Aankondiging • Jun 03
Cgs Holdings Inc. to Report Q2, 2025 Results on Aug 08, 2025 Cgs Holdings Inc. announced that they will report Q2, 2025 results on Aug 08, 2025 Reported Earnings • May 21
First quarter 2025 earnings released: EPS: JP¥5.58 (vs JP¥2.53 in 1Q 2024) First quarter 2025 results: EPS: JP¥5.58 (up from JP¥2.53 in 1Q 2024). Revenue: JP¥1.14b (up 22% from 1Q 2024). Net income: JP¥53.0m (up 121% from 1Q 2024). Profit margin: 4.6% (up from 2.6% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Aankondiging • Mar 01
C&G Systems Inc. to Report Q1, 2025 Results on May 15, 2025 C&G Systems Inc. announced that they will report Q1, 2025 results on May 15, 2025 Reported Earnings • Feb 17
Full year 2024 earnings released: EPS: JP¥12.74 (vs JP¥7.16 in FY 2023) Full year 2024 results: EPS: JP¥12.74 (up from JP¥7.16 in FY 2023). Revenue: JP¥3.93b (up 2.6% from FY 2023). Net income: JP¥121.0m (up 78% from FY 2023). Profit margin: 3.1% (up from 1.8% in FY 2023). 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 increased by 3% per year, which means it is well ahead of earnings. Aankondiging • Feb 14
C&G Systems Inc., Annual General Meeting, Mar 26, 2025 C&G Systems Inc., Annual General Meeting, Mar 26, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 11 March 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.3%). Aankondiging • Dec 03
C&G Systems Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025 C&G Systems Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025 Aankondiging • Aug 27
C&G Systems Inc. to Report Q3, 2024 Results on Nov 13, 2024 C&G Systems Inc. announced that they will report Q3, 2024 results on Nov 13, 2024 New Risk • Aug 18
New major risk - Revenue and earnings growth Earnings have declined by 4.9% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 120% Earnings have declined by 4.9% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥2.86b market cap, or US$19.4m). 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¥277, the stock trades at a trailing P/E ratio of 77.4x. Average trailing P/E is 20x in the Software industry in Japan. Total loss to shareholders of 16% over the past three years. Aankondiging • Jun 02
C&G Systems Inc. to Report Q2, 2024 Results on Aug 09, 2024 C&G Systems Inc. announced that they will report Q2, 2024 results on Aug 09, 2024 Reported Earnings • May 20
First quarter 2024 earnings released: EPS: JP¥2.53 (vs JP¥6.11 in 1Q 2023) First quarter 2024 results: EPS: JP¥2.53 (down from JP¥6.11 in 1Q 2023). Revenue: JP¥935.0m (flat on 1Q 2023). Net income: JP¥24.0m (down 59% from 1Q 2023). Profit margin: 2.6% (down from 6.2% in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Aankondiging • Feb 24
C&G Systems Inc. to Report Q1, 2024 Results on May 15, 2024 C&G Systems Inc. announced that they will report Q1, 2024 results on May 15, 2024 Reported Earnings • Feb 17
Full year 2023 earnings released: EPS: JP¥7.16 (vs JP¥30.84 in FY 2022) Full year 2023 results: EPS: JP¥7.16 (down from JP¥30.84 in FY 2022). Revenue: JP¥3.83b (down 14% from FY 2022). Net income: JP¥68.0m (down 77% from FY 2022). Profit margin: 1.8% (down from 6.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Aankondiging • Feb 16
C&G Systems Inc., Annual General Meeting, Mar 27, 2024 C&G Systems Inc., Annual General Meeting, Mar 27, 2024. Aankondiging • Dec 28
C&G Systems Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024 C&G Systems Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥10.00 per share at 3.3% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 07 March 2024. Payout ratio is on the higher end at 94%, however this is supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%). Reported Earnings • Nov 19
Third quarter 2023 earnings released: JP¥3.37 loss per share (vs JP¥10.53 profit in 3Q 2022) Third quarter 2023 results: JP¥3.37 loss per share (down from JP¥10.53 profit in 3Q 2022). Revenue: JP¥901.0m (down 24% from 3Q 2022). Net loss: JP¥32.0m (down 132% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥304, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 22x in the Software industry in Japan. Total returns to shareholders of 7.4% over the past three years. New Risk • Nov 15
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 6.5% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (JP¥2.91b market cap, or US$19.3m). Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥334, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 23x in the Software industry in Japan. Total returns to shareholders of 20% over the past three years. Aankondiging • Aug 27
C&G Systems Inc. to Report Q3, 2023 Results on Nov 14, 2023 C&G Systems Inc. announced that they will report Q3, 2023 results on Nov 14, 2023 Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: JP¥8.10 (vs JP¥8.00 in 2Q 2022) Second quarter 2023 results: EPS: JP¥8.10 (up from JP¥8.00 in 2Q 2022). Revenue: JP¥1.13b (flat on 2Q 2022). Net income: JP¥77.0m (up 1.3% from 2Q 2022). Profit margin: 6.8% (up from 6.7% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Aankondiging • Jun 01
C&G Systems Inc. to Report Q2, 2023 Results on Aug 10, 2023 C&G Systems Inc. announced that they will report Q2, 2023 results on Aug 10, 2023 Reported Earnings • May 17
First quarter 2023 earnings released: EPS: JP¥6.10 (vs JP¥9.37 in 1Q 2022) First quarter 2023 results: EPS: JP¥6.10 (down from JP¥9.37 in 1Q 2022). Revenue: JP¥937.0m (down 7.7% from 1Q 2022). Net income: JP¥58.0m (down 35% from 1Q 2022). Profit margin: 6.2% (down from 8.8% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 28
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥4.42b (up 18% from FY 2021). Net income: JP¥293.0m (up 34% from FY 2021). Profit margin: 6.6% (up from 5.8% in FY 2021). The increase in margin was driven by higher revenue. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: JP¥30.84 (vs JP¥22.95 in FY 2021) Full year 2022 results: EPS: JP¥30.84 (up from JP¥22.95 in FY 2021). Revenue: JP¥4.42b (up 18% from FY 2021). Net income: JP¥293.0m (up 34% from FY 2021). Profit margin: 6.6% (up from 5.8% 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 29% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Aankondiging • Feb 12
C&G Systems Inc., Annual General Meeting, Mar 23, 2023 C&G Systems Inc., Annual General Meeting, Mar 23, 2023. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 08 March 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.9%). Buying Opportunity • Dec 16
Now 21% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be JP¥477, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Earnings per share has grown by 20%. Aankondiging • Dec 06
C&G Systems Inc. to Report Fiscal Year 2022 Results on Feb 10, 2023 C&G Systems Inc. announced that they will report fiscal year 2022 results on Feb 10, 2023 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥402, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 24x in the Software industry in Japan. Total returns to shareholders of 4.3% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Director Toshiyuki Kojima was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: JP¥10.52 (vs JP¥4.21 in 3Q 2021) Third quarter 2022 results: EPS: JP¥10.52 (up from JP¥4.21 in 3Q 2021). Revenue: JP¥1.19b (up 36% from 3Q 2021). Net income: JP¥100.0m (up 150% from 3Q 2021). Profit margin: 8.4% (up from 4.6% 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 20% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Buying Opportunity • Oct 13
Now 24% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be JP¥426, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.3% over the last 3 years. Earnings per share has grown by 11%. Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improved over the past week After last week's 28% share price gain to JP¥372, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 24x in the Software industry in Japan. Negligible returns to shareholders over past three years. Aankondiging • Aug 28
C&G Systems Inc. to Report Q3, 2022 Results on Nov 11, 2022 C&G Systems Inc. announced that they will report Q3, 2022 results on Nov 11, 2022 Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: JP¥8.00 (vs JP¥5.47 in 2Q 2021) Second quarter 2022 results: EPS: JP¥8.00 (up from JP¥5.47 in 2Q 2021). Revenue: JP¥1.13b (up 22% from 2Q 2021). Net income: JP¥76.0m (up 46% from 2Q 2021). Profit margin: 6.7% (up from 5.6% 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 11% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 19
First quarter 2022 earnings released: EPS: JP¥9.37 (vs JP¥11.37 in 1Q 2021) First quarter 2022 results: EPS: JP¥9.37 (down from JP¥11.37 in 1Q 2021). Revenue: JP¥1.02b (up 1.5% from 1Q 2021). Net income: JP¥89.0m (down 18% from 1Q 2021). Profit margin: 8.8% (down from 11% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 5 highly experienced directors. 3 independent directors (6 non-independent directors). Director Toshiyuki Kojima was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Apr 08
C&G Systems Inc. to Report Q1, 2022 Results on May 13, 2022 C&G Systems Inc. announced that they will report Q1, 2022 results on May 13, 2022 Aankondiging • Feb 16
C&G Systems Inc., Annual General Meeting, Mar 24, 2022 C&G Systems Inc., Annual General Meeting, Mar 24, 2022. Reported Earnings • Feb 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥22.94 (up from JP¥6.32 in FY 2020). Revenue: JP¥3.74b (up 1.6% from FY 2020). Net income: JP¥218.0m (up 263% from FY 2020). Profit margin: 5.8% (up from 1.6% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 09 March 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Reported Earnings • Nov 15
Third quarter 2021 earnings released: EPS JP¥4.21 (vs JP¥2.42 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥871.0m (up 2.7% from 3Q 2020). Net income: JP¥40.0m (up 74% from 3Q 2020). Profit margin: 4.6% (up from 2.7% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 12
Second quarter 2021 earnings released: EPS JP¥5.47 (vs JP¥1.58 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥925.0m (up 8.3% from 2Q 2020). Net income: JP¥52.0m (up 247% from 2Q 2020). Profit margin: 5.6% (up from 1.8% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS JP¥6.32 (vs JP¥18.62 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥3.68b (down 12% from FY 2019). Net income: JP¥60.0m (down 67% from FY 2019). Profit margin: 1.6% (down from 4.3% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 58% 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. Is New 90 Day High Low • Mar 05
New 90-day high: JP¥393 The company is up 17% from its price of JP¥336 on 04 December 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 6.0% over the same period. Aankondiging • Feb 28
C&G Systems Inc. to Report Q1, 2021 Results on May 14, 2021 C&G Systems Inc. announced that they will report Q1, 2021 results on May 14, 2021 Aankondiging • Feb 16
C&G Systems Inc., Annual General Meeting, Mar 25, 2021 C&G Systems Inc., Annual General Meeting, Mar 25, 2021. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥6.32 (vs JP¥18.62 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥3.68b (down 12% from FY 2019). Net income: JP¥60.0m (down 67% from FY 2019). Profit margin: 1.6% (down from 4.3% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 58% 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 • Dec 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥314, the stock is trading at a trailing P/E ratio of 35.6x, down from the previous P/E ratio of 42x. This compares to an average P/E of 37x in the Software industry in Japan. Total return to shareholders over the past three years is a loss of 35%. Is New 90 Day High Low • Dec 11
New 90-day high: JP¥375 The company is up 23% from its price of JP¥304 on 11 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 3.0% over the same period. Aankondiging • Sep 03
C&G Systems Inc. to Report Q3, 2020 Results on Nov 13, 2020 C&G Systems Inc. announced that they will report Q3, 2020 results on Nov 13, 2020