Buy Or Sell Opportunity • 3h
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at JP¥409. The fair value is estimated to be JP¥522, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 45%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥380, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 17x in the Electronic industry in Japan. Total loss to shareholders of 1.8% over the past three years. Buy Or Sell Opportunity • Feb 20
Now 20% undervalued Over the last 90 days, the stock has risen 43% to JP¥435. The fair value is estimated to be JP¥545, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 45%. New Risk • Feb 18
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 9.0% 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 Risk Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risk Market cap is less than US$100m (JP¥2.85b market cap, or US$18.6m). Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: JP¥5.09 (vs JP¥2.81 in 3Q 2025) Third quarter 2026 results: EPS: JP¥5.09 (up from JP¥2.81 in 3Q 2025). Revenue: JP¥285.0m (up 14% from 3Q 2025). Net income: JP¥29.0m (up 81% from 3Q 2025). Profit margin: 10% (up from 6.4% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥445, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 16x in the Electronic industry in Japan. Total returns to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥361, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 15x in the Electronic industry in Japan. Total loss to shareholders of 4.2% over the past three years. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥369, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 14x in the Electronic industry in Japan. Total loss to shareholders of 32% over the past three years. Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥6.15 (vs JP¥1.41 in 1Q 2025) First quarter 2026 results: EPS: JP¥6.15 (up from JP¥1.41 in 1Q 2025). Revenue: JP¥313.0m (up 39% from 1Q 2025). Net income: JP¥35.0m (up 338% from 1Q 2025). Profit margin: 11% (up from 3.6% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 08
Now 20% undervalued Over the last 90 days, the stock has risen 9.4% to JP¥313. The fair value is estimated to be JP¥394, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.7% over the last 3 years. Earnings per share has declined by 13%. Reported Earnings • May 21
Full year 2025 earnings released: EPS: JP¥17.57 (vs JP¥10.01 in FY 2024) Full year 2025 results: EPS: JP¥17.57 (up from JP¥10.01 in FY 2024). Revenue: JP¥1.02b (up 11% from FY 2024). Net income: JP¥100.0m (up 75% from FY 2024). Profit margin: 9.8% (up from 6.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% 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. Aankondiging • May 15
Cluster Technology Co.,Ltd., Annual General Meeting, Jun 25, 2025 Cluster Technology Co.,Ltd., Annual General Meeting, Jun 25, 2025. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to JP¥307, the stock trades at a trailing P/E ratio of 32.4x. Average trailing P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 20% over the past three years. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥209, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 48% over the past three years. Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥2.81 (vs JP¥1.58 in 3Q 2024) Third quarter 2025 results: EPS: JP¥2.81 (up from JP¥1.58 in 3Q 2024). Revenue: JP¥251.0m (up 17% from 3Q 2024). Net income: JP¥16.0m (up 78% from 3Q 2024). Profit margin: 6.4% (up from 4.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% 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. New Risk • Jan 27
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 8.4% 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 Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (5.1% net profit margin). Market cap is less than US$100m (JP¥1.71b market cap, or US$11.1m). Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to JP¥302, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 13x in the Electronic industry in Japan. Total loss to shareholders of 17% over the past three years. New Risk • Sep 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.45b (US$9.96m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (JP¥1.45b market cap, or US$9.96m). Minor Risk Profit margins are more than 30% lower than last year (5.3% net profit margin). New Risk • Aug 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.31b (US$9.20m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (JP¥1.31b market cap, or US$9.20m). Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥230, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 37% over the past three years. Aankondiging • May 25
Cluster Technology Co.,Ltd. to Report Q3, 2025 Results on Feb 14, 2025 Cluster Technology Co.,Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025 Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥10.01 (vs JP¥10.36 in FY 2023) Full year 2024 results: EPS: JP¥10.01 (down from JP¥10.36 in FY 2023). Revenue: JP¥918.0m (flat on FY 2023). Net income: JP¥57.0m (down 3.4% from FY 2023). Profit margin: 6.2% (down from 6.4% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. Aankondiging • May 17
Cluster Technology Co.,Ltd., Annual General Meeting, Jun 26, 2024 Cluster Technology Co.,Ltd., Annual General Meeting, Jun 26, 2024. Reported Earnings • Feb 17
Third quarter 2024 earnings released: EPS: JP¥1.58 (vs JP¥0.53 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥1.58 (up from JP¥0.53 loss in 3Q 2023). Revenue: JP¥214.0m (down 1.4% from 3Q 2023). Net income: JP¥9.00m (up JP¥12.0m from 3Q 2023). Profit margin: 4.2% (up from net loss in 3Q 2023). The move to profitability was driven by lower 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. Reported Earnings • Nov 20
Second quarter 2024 earnings released: EPS: JP¥1.76 (vs JP¥2.11 in 2Q 2023) Second quarter 2024 results: EPS: JP¥1.76 (down from JP¥2.11 in 2Q 2023). Revenue: JP¥219.0m (down 4.8% from 2Q 2023). Net income: JP¥10.0m (down 17% from 2Q 2023). Profit margin: 4.6% (down from 5.2% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 30
Cluster Technology Co.,Ltd. to Report Q3, 2024 Results on Feb 14, 2024 Cluster Technology Co.,Ltd. announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Aug 14
First quarter 2024 earnings released: EPS: JP¥3.02 (vs JP¥0.35 in 1Q 2023) First quarter 2024 results: EPS: JP¥3.02 (up from JP¥0.35 in 1Q 2023). Revenue: JP¥216.0m (up 3.3% from 1Q 2023). Net income: JP¥16.0m (up JP¥14.0m from 1Q 2023). Profit margin: 7.4% (up from 1.0% in 1Q 2023). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Outside Independent Director Shiro Goto was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 20
Full year 2023 earnings released: EPS: JP¥10.36 (vs JP¥20.03 in FY 2022) Full year 2023 results: EPS: JP¥10.36 (down from JP¥20.03 in FY 2022). Revenue: JP¥925.0m (up 2.2% from FY 2022). Net income: JP¥59.0m (down 48% from FY 2022). Profit margin: 6.4% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 16
Third quarter 2023 earnings released: JP¥0.53 loss per share (vs JP¥6.15 profit in 3Q 2022) Third quarter 2023 results: JP¥0.53 loss per share (down from JP¥6.15 profit in 3Q 2022). Revenue: JP¥217.0m (down 9.6% from 3Q 2022). Net loss: JP¥3.00m (down 109% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Aankondiging • Dec 28
Cluster Technology Co., Ltd. to Report Q3, 2023 Results on Feb 14, 2023 Cluster Technology Co., Ltd. announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥2.11 (vs JP¥3.69 in 2Q 2022) Second quarter 2023 results: EPS: JP¥2.11 (down from JP¥3.69 in 2Q 2022). Revenue: JP¥230.0m (up 1.3% from 2Q 2022). Net income: JP¥12.0m (down 43% from 2Q 2022). Profit margin: 5.2% (down from 9.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥2.11 (vs JP¥3.69 in 2Q 2022) Second quarter 2023 results: EPS: JP¥2.11 (down from JP¥3.69 in 2Q 2022). Revenue: JP¥230.0m (up 1.3% from 2Q 2022). Net income: JP¥12.0m (down 43% from 2Q 2022). Profit margin: 5.2% (down from 9.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Aankondiging • Nov 12
Cluster Technology Co., Ltd. Provides Earnings Guidance for the Year Ending March 31, 2023 Cluster Technology Co., Ltd. provided earnings guidance for the year ending March 31, 2023. For the year, the company expects net sales of JPY 940 million, operating profit of JPY 90 million, profit of JPY 76 million and basic earnings per share of JPY 13.47. Reported Earnings • Aug 13
First quarter 2023 earnings released: EPS: JP¥0.35 (vs JP¥3.87 in 1Q 2022) First quarter 2023 results: EPS: JP¥0.35 (down from JP¥3.87 in 1Q 2022). Revenue: JP¥209.0m (flat on 1Q 2022). Net income: JP¥2.00m (down 91% from 1Q 2022). Profit margin: 1.0% (down from 10% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥442, the stock trades at a trailing P/E ratio of 22.1x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • May 27
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥436, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 7.7% over the past three years. Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥20.03 (vs JP¥5.45 in FY 2021) Full year 2022 results: EPS: JP¥20.03 (up from JP¥5.45 in FY 2021). Revenue: JP¥905.0m (up 23% from FY 2021). Net income: JP¥114.0m (up 268% from FY 2021). Profit margin: 13% (up from 4.2% 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 fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • May 14
Cluster Technology Co., Ltd., Annual General Meeting, Jun 24, 2022 Cluster Technology Co., Ltd., Annual General Meeting, Jun 24, 2022. Buying Opportunity • Apr 14
Now 20% undervalued Over the last 90 days, the stock is up 5.3%. The fair value is estimated to be JP¥493, 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 85%. Buying Opportunity • Mar 18
Now 22% undervalued Over the last 90 days, the stock is up 3.3%. The fair value is estimated to be JP¥490, 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 85% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥407, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 1.2% over the past three years. Aankondiging • Feb 16
Cluster Technology Co., Ltd. Provides Earnings Guidance for the Year Ending March 31, 2022 Cluster Technology Co., Ltd. provided earnings guidance for the year ending March 31, 2022. For the year, the company expects net sales of JPY 870 million, operating profit of JPY 90 million, profit of JPY 77 million and basic earnings per share of JPY 13.60. Reported Earnings • Nov 16
Second quarter 2022 earnings released: EPS JP¥3.69 (vs JP¥0.70 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥227.0m (up 41% from 2Q 2021). Net income: JP¥21.0m (up 425% from 2Q 2021). Profit margin: 9.3% (up from 2.5% 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 71% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 18
First quarter 2022 earnings released: EPS JP¥3.87 (vs JP¥3.34 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¥211.0m (up 47% from 1Q 2021). Net income: JP¥22.0m (up JP¥41.0m from 1Q 2021). Profit margin: 10% (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 45% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥5.45 (vs JP¥3.51 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¥736.0m (down 12% from FY 2020). Net income: JP¥31.0m (up 55% from FY 2020). Profit margin: 4.2% (up from 2.4% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 12% per year. Aankondiging • May 16
Cluster Technology Co., Ltd. Provides Earnings Guidance for the Six Months Ending September 2021 and Year Ending March 31, 2022 Cluster Technology Co., Ltd. provided earnings guidance for the six months ending September 2021 and year ending March 31, 2022. For the six months, the company expects net sales of JPY 373 million, operating profit of JPY 0 million, loss for the period of JPY 0 million and basic loss per share of JPY 0.08.
For the year, the company expects net sales of JPY 834 million, operating profit of JPY 20 million, profit for the period of JPY 16 million and basic earnings per share of JPY 2.80. Is New 90 Day High Low • Mar 16
New 90-day high: JP¥420 The company is up 7.0% from a price of JP¥392 on 16 December 2020. Underperformed the Japanese market, which is up 10.0% over the last 90 days. Exceeded the Electronic industry, which is up 5.0% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥3.87 (vs JP¥1.76 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¥196.0m (down 5.8% from 3Q 2020). Net income: JP¥22.0m (up 120% from 3Q 2020). Profit margin: 11% (up from 4.8% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 21% per year. Is New 90 Day High Low • Dec 07
New 90-day high: JP¥421 The company is up 14% from its price of JP¥368 on 08 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 20% over the same period. Reported Earnings • Nov 19
Second quarter 2021 earnings released: EPS JP¥0.70 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥161.0m (down 24% from 2Q 2020). Net income: JP¥4.00m (down 60% from 2Q 2020). Profit margin: 2.5% (down from 4.7% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 18% per year.