Reported Earnings • Aug 01
First quarter 2027 earnings released: EPS: JP¥22.75 (vs JP¥20.27 in 1Q 2026) First quarter 2027 results: EPS: JP¥22.75 (up from JP¥20.27 in 1Q 2026). Revenue: JP¥19.5b (up 6.4% from 1Q 2026). Net income: JP¥1.38b (up 9.6% from 1Q 2026). Profit margin: 7.1% (up from 6.9% in 1Q 2026). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jul 31
JBCC Holdings Inc. (TSE:9889) announces an Equity Buyback for 850,000 shares, representing 1.36% for ¥1,000 million. JBCC Holdings Inc. (TSE:9889) announces a share repurchase program. Under the program, the company will repurchase 850,000 shares, representing 1.36% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to improve capital efficiency, enable flexible execution of capital policy in response to changes in the business environment, and further enhance shareholder returns. The program will run until September 30, 2026. As of June 30, 2026, the company had 62,631,341 shares outstanding (excluding treasury shares) and 8,463,631 shares in treasury. Valuation Update With 7 Day Price Move • Jul 29
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,667, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the IT industry in Japan. Total returns to shareholders of 192% over the past three years. Buy Or Sell Opportunity • Jul 27
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to JP¥1,545. The fair value is estimated to be JP¥1,273, 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 25%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Declared Dividend • Jul 25
Final dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 3.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Jun 24
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outsider Director Kiyoshi Ido was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 15
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥86.33 (up from JP¥74.17 in FY 2025). Revenue: JP¥76.0b (up 8.8% from FY 2025). Net income: JP¥5.35b (up 16% from FY 2025). Profit margin: 7.0% (up from 6.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.4%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 30% per year. Aankondiging • May 13
JBCC Holdings Inc., Annual General Meeting, Jun 19, 2026 JBCC Holdings Inc., Annual General Meeting, Jun 19, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 18 June 2026. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥20.93 (vs JP¥17.16 in 3Q 2025) Third quarter 2026 results: EPS: JP¥20.93 (up from JP¥17.16 in 3Q 2025). Revenue: JP¥19.0b (up 15% from 3Q 2025). Net income: JP¥1.30b (up 22% from 3Q 2025). Profit margin: 6.9% (up from 6.4% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 02
First half dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 30th March 2026 Payment date: 18th June 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (48% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 31
Second quarter 2026 earnings released: EPS: JP¥19.96 (vs JP¥19.13 in 2Q 2025) Second quarter 2026 results: EPS: JP¥19.96 (up from JP¥19.13 in 2Q 2025). Revenue: JP¥19.1b (up 7.9% from 2Q 2025). Net income: JP¥1.25b (up 5.0% from 2Q 2025). Profit margin: 6.5% (down from 6.7% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Oct 30
JBCC Holdings Inc. (TSE:9889) announces an Equity Buyback for 2,500,000 shares, representing 3.86% for ¥3,000 million. JBCC Holdings Inc. (TSE:9889) announces a share repurchase program. Under the program, the company will repurchase 2,500,000 shares, representing 3.86% of its share capital, for ¥3,000 million. The company will repurchase its shares in order to improve capital efficiency, enable flexible execution of capital policy in response to changes in the business environment, and further enhance shareholder returns. The program will run until March 31, 2026. As of September 30, 2025, the company had 64,693,358 shares outstanding (excluding treasury shares) and 6,401,614 shares in treasury. Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥20.27 (vs JP¥18.08 in 1Q 2025) First quarter 2026 results: EPS: JP¥20.27 (up from JP¥18.08 in 1Q 2025). Revenue: JP¥18.4b (up 1.3% from 1Q 2025). Net income: JP¥1.26b (up 13% from 1Q 2025). Profit margin: 6.9% (up from 6.2% in 1Q 2025). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥17.00 announced Shareholders will receive a dividend of JP¥17.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 7.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (41% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 76% over the next 3 years. Since a fall of 55% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Reported Earnings • Jun 21
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥297 (up from JP¥50.85 in FY 2024). Revenue: JP¥69.9b (up 7.2% from FY 2024). Net income: JP¥4.60b (up 44% from FY 2024). Profit margin: 6.6% (up from 4.9% 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 4.6%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 13
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥297 (up from JP¥50.85 in FY 2024). Revenue: JP¥69.9b (up 7.2% from FY 2024). Net income: JP¥4.60b (up 44% from FY 2024). Profit margin: 6.6% (up from 4.9% 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 4.6%. Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Aankondiging • Mar 29
JBCC Holdings Inc. to Report Fiscal Year 2025 Results on May 12, 2025 JBCC Holdings Inc. announced that they will report fiscal year 2025 results on May 12, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥71.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 19 June 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%). Price Target Changed • Feb 14
Price target increased by 7.1% to JP¥7,500 Up from JP¥7,000, the current price target is provided by 1 analyst. New target price is 53% above last closing price of JP¥4,890. Stock is up 18% over the past year. The company is forecast to post earnings per share of JP¥284 for next year compared to JP¥203 last year. Reported Earnings • Jan 31
Third quarter 2025 earnings released: EPS: JP¥68.64 (vs JP¥51.33 in 3Q 2024) Third quarter 2025 results: EPS: JP¥68.64 (up from JP¥51.33 in 3Q 2024). Revenue: JP¥16.6b (up 1.6% from 3Q 2024). Net income: JP¥1.07b (up 33% from 3Q 2024). Profit margin: 6.4% (up from 4.9% in 3Q 2024). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 03
First half dividend of JP¥71.00 announced Shareholders will receive a dividend of JP¥71.00. Ex-date: 28th March 2025 Payment date: 19th June 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 68% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 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: 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 (5.8% average weekly change). Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥70.84 (vs JP¥53.43 in 2Q 2024) Second quarter 2025 results: EPS: JP¥70.84 (up from JP¥53.43 in 2Q 2024). Revenue: JP¥17.7b (up 6.6% from 2Q 2024). Net income: JP¥1.10b (up 30% from 2Q 2024). Profit margin: 6.2% (up from 5.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥4,450, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 175% over the past three years. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥53.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 42% but the company is paying out more than the cash it is generating. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥72.34 (vs JP¥54.01 in 1Q 2024) First quarter 2025 results: EPS: JP¥72.34 (up from JP¥54.01 in 1Q 2024). Revenue: JP¥18.1b (up 11% from 1Q 2024). Net income: JP¥1.12b (up 32% from 1Q 2024). Profit margin: 6.2% (up from 5.2% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥4,150, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 20x in the IT industry in Japan. Total returns to shareholders of 215% over the past three years. New Risk • Jul 31
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 5.7% 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 (20% accrual ratio). Minor Risks Dividend is not well covered by cash flows (145% cash payout ratio). Share price has been volatile over the past 3 months (5.7% average weekly change). Declared Dividend • Jul 11
Final dividend of JP¥53.00 announced Shareholders will receive a dividend of JP¥53.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 2.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (58% earnings payout ratio) but not covered by cash flows (145% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 71% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 23
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥203 (up from JP¥171 in FY 2023). Revenue: JP¥65.2b (up 12% from FY 2023). Net income: JP¥3.19b (up 19% from FY 2023). Profit margin: 4.9% (up from 4.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 8.6%. 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. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 11
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥203 (up from JP¥171 in FY 2023). Revenue: JP¥65.2b (up 12% from FY 2023). Net income: JP¥3.19b (up 19% from FY 2023). Profit margin: 4.9% (up from 4.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 8.6%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 11
JBCC Holdings Inc., Annual General Meeting, Jun 18, 2024 JBCC Holdings Inc., Annual General Meeting, Jun 18, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥54.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 21 June 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Aankondiging • Mar 02
JBCC Holdings Inc. to Report Fiscal Year 2024 Results on May 09, 2024 JBCC Holdings Inc. announced that they will report fiscal year 2024 results on May 09, 2024 New Risk • Feb 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 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: 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 (5.8% average weekly change). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥51.33 (vs JP¥38.86 in 3Q 2023) Third quarter 2024 results: EPS: JP¥51.33 (up from JP¥38.86 in 3Q 2023). Revenue: JP¥16.3b (up 16% from 3Q 2023). Net income: JP¥803.0m (up 31% from 3Q 2023). Profit margin: 4.9% (up from 4.4% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Jan 30
JBCC Holdings Inc. Provides Dividend Guidance for the Fiscal Year Ending March 2024 JBCC Holdings Inc. provided dividend guidance for the fiscal year ending March 2024. For the year, the company expects to pay a dividend of JPY 54.00 per share compared to JPY 41.00 per share a year ago. Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥53.43 (vs JP¥49.72 in 2Q 2023) Second quarter 2024 results: EPS: JP¥53.43 (up from JP¥49.72 in 2Q 2023). Revenue: JP¥16.6b (up 11% from 2Q 2023). Net income: JP¥843.0m (up 7.9% from 2Q 2023). Profit margin: 5.1% (down from 5.2% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 24% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥40.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥54.01 (vs JP¥46.29 in 1Q 2023) First quarter 2024 results: EPS: JP¥54.01 (up from JP¥46.29 in 1Q 2023). Revenue: JP¥16.4b (up 18% from 1Q 2023). Net income: JP¥850.0m (up 17% from 1Q 2023). Profit margin: 5.2% (in line with 1Q 2023). Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 18% per year. Reported Earnings • Jun 25
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥171 (up from JP¥140 in FY 2022). Revenue: JP¥58.1b (up 4.0% from FY 2022). Net income: JP¥2.68b (up 19% from FY 2022). Profit margin: 4.6% (up from 4.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.0%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year and the company’s share price has also increased by 18% per year. Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥171 (vs JP¥140 in FY 2022) Full year 2023 results: EPS: JP¥171 (up from JP¥140 in FY 2022). Revenue: JP¥58.1b (up 4.0% from FY 2022). Net income: JP¥2.68b (up 19% from FY 2022). Profit margin: 4.6% (up from 4.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 13% per year. Aankondiging • May 11
JBCC Holdings Inc. (TSE:9889) announces an Equity Buyback for 400,000 shares, representing 2.54% for ¥1,000 million. JBCC Holdings Inc. (TSE:9889) announces a share repurchase program. Under the program, the company will repurchase 400,000 shares, representing 2.54% of its share capital, for ¥1,000 million. The company will repurchase its shares in order to improve capital efficiency, enable flexible execution of capital policy in response to changes in the business environment, and further enhance shareholder returns. The program will run until February 29, 2024. As of March 31, 2023, the company had 15,744,871 shares outstanding (excluding treasury shares) and 2,028,872 shares in treasury. Aankondiging • May 10
JBCC Holdings Inc., Annual General Meeting, Jun 20, 2023 JBCC Holdings Inc., Annual General Meeting, Jun 20, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥37.00 per share at 3.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 22 June 2023. Payout ratio is a comfortable 19% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥38.86 (vs JP¥30.94 in 3Q 2022) Third quarter 2023 results: EPS: JP¥38.86 (up from JP¥30.94 in 3Q 2022). Revenue: JP¥14.0b (up 2.5% from 3Q 2022). Net income: JP¥612.0m (up 23% from 3Q 2022). Profit margin: 4.4% (up from 3.6% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 17
Second quarter 2023 earnings released: EPS: JP¥49.72 (vs JP¥41.61 in 2Q 2022) Second quarter 2023 results: EPS: JP¥49.72 (up from JP¥41.61 in 2Q 2022). Revenue: JP¥15.0b (up 8.1% from 2Q 2022). Net income: JP¥781.0m (up 16% from 2Q 2022). Profit margin: 5.2% (up from 4.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Outside Director Mari Sagiya was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥49.72 (vs JP¥41.61 in 2Q 2022) Second quarter 2023 results: EPS: JP¥49.72 (up from JP¥41.61 in 2Q 2022). Revenue: JP¥15.0b (up 8.1% from 2Q 2022). Net income: JP¥781.0m (up 16% from 2Q 2022). Profit margin: 5.2% (up from 4.8% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 3% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥46.29 (vs JP¥36.20 in 1Q 2022) First quarter 2023 results: EPS: JP¥46.29 (up from JP¥36.20 in 1Q 2022). Revenue: JP¥13.9b (up 1.4% from 1Q 2022). Net income: JP¥724.0m (up 24% from 1Q 2022). Profit margin: 5.2% (up from 4.3% in 1Q 2022). Over the next year, revenue is forecast to grow 1.3%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Jun 26
Full year 2022 earnings released: EPS: JP¥140 (vs JP¥120 in FY 2021) Full year 2022 results: EPS: JP¥140 (up from JP¥120 in FY 2021). Revenue: JP¥55.9b (down 6.8% from FY 2021). Net income: JP¥2.25b (up 16% from FY 2021). Profit margin: 4.0% (up from 3.2% in FY 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to grow 1.0%, compared to a 11% growth forecast for the industry in Japan. 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 2% per year. Reported Earnings • May 13
Full year 2022 earnings released: EPS: JP¥140 (vs JP¥120 in FY 2021) Full year 2022 results: EPS: JP¥140 (up from JP¥120 in FY 2021). Revenue: JP¥55.9b (down 6.8% from FY 2021). Net income: JP¥2.25b (up 16% from FY 2021). Profit margin: 4.0% (up from 3.2% in FY 2021). The increase in margin was driven by lower expenses. 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 6% per year. Aankondiging • May 12
JBCC Holdings Inc. Provides Year End Dividend Guidance for the Year Ending March 2023 JBCC Holdings Inc. provided year end dividend guidance for the year ending March 2023. For the period, the company expects year end dividend of JPY 31.00 per share compared to JPY 32.00 per share a year ago.