Valuation Update With 7 Day Price Move • May 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥4,130, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,538 per share. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥5,210, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 88% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,586 per share. Price Target Changed • Apr 09
Price target increased by 13% to JP¥4,350 Up from JP¥3,850, the current price target is an average from 2 analysts. New target price is 6.9% below last closing price of JP¥4,670. Stock is up 144% over the past year. The company is forecast to post earnings per share of JP¥287 for next year compared to JP¥84.01 last year. Aankondiging • Apr 04
V Technology Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026 V Technology Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026 Buy Or Sell Opportunity • Apr 01
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 50% to JP¥4,475. The fair value is estimated to be JP¥3,504, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 99% in the next 2 years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 37% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.6%). Buy Or Sell Opportunity • Mar 10
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 56% to JP¥4,555. The fair value is estimated to be JP¥3,495, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 99% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥4,415, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 95% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,445 per share. Buy Or Sell Opportunity • Feb 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 47% to JP¥4,130. The fair value is estimated to be JP¥3,410, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 48%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 99% in the next 2 years. Reported Earnings • Feb 11
Third quarter 2026 earnings: EPS exceeds analyst expectations Third quarter 2026 results: EPS: JP¥163 (up from JP¥28.25 in 3Q 2025). Revenue: JP¥12.3b (up 30% from 3Q 2025). Net income: JP¥1.54b (up 469% from 3Q 2025). Profit margin: 13% (up from 2.9% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Aankondiging • Dec 10
V Technology Co., Ltd. to Report Q3, 2026 Results on Feb 10, 2026 V Technology Co., Ltd. announced that they will report Q3, 2026 results at 9:00 AM, Tokyo Standard Time on Feb 10, 2026 Declared Dividend • Dec 06
First half dividend of JP¥40.00 announced Dividend of JP¥40.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not adequately covered by earnings (97% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 7.8% to bring the payout ratio under control. EPS is expected to grow by 192% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥2,804, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 7.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,191 per share. Reported Earnings • Nov 15
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: EPS: JP¥45.42 (down from JP¥45.80 in 2Q 2025). Revenue: JP¥11.7b (down 8.4% from 2Q 2025). Net income: JP¥426.0m (down 2.7% from 2Q 2025). Profit margin: 3.6% (up from 3.4% in 2Q 2025). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has remained flat. New Risk • Sep 27
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 5.0% 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 Dividend is not well covered by earnings (96% payout ratio). Share price has been volatile over the past 3 months (5.0% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥3,790, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,323 per share. Aankondiging • Sep 01
V Technology Co., Ltd. to Report Q2, 2026 Results on Nov 12, 2025 V Technology Co., Ltd. announced that they will report Q2, 2026 results on Nov 12, 2025 Reported Earnings • Aug 10
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: JP¥70.37 loss per share (further deteriorated from JP¥68.15 loss in 1Q 2025). Revenue: JP¥8.00b (down 16% from 1Q 2025). Net loss: JP¥665.0m (loss widened 1.4% from 1Q 2025). Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 95%. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 32% 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. Declared Dividend • Jul 09
Final dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 2.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (18% 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 168% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Jul 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Outside Director Junko Tateyama was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 27
V Technology Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 V Technology Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Price Target Changed • May 23
Price target increased by 11% to JP¥3,883 Up from JP¥3,500, the current price target is an average from 3 analysts. New target price is 26% above last closing price of JP¥3,085. Stock is up 14% over the past year. The company is forecast to post earnings per share of JP¥257 for next year compared to JP¥84.01 last year. Reported Earnings • May 17
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥84.01 (up from JP¥80.60 in FY 2024). Revenue: JP¥46.2b (up 24% from FY 2024). Net income: JP¥800.0m (up 2.8% from FY 2024). Profit margin: 1.7% (down from 2.1% in FY 2024). Revenue exceeded analyst estimates by 1.9%. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. New Risk • May 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 10% 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 (10% average weekly change). Minor Risk Paying a dividend despite having no free cash flows. Buy Or Sell Opportunity • May 14
Now 38% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to JP¥2,761. The fair value is estimated to be JP¥1,996, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 4.5% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Aankondiging • May 13
V Technology Co., Ltd., Annual General Meeting, Jun 26, 2025 V Technology Co., Ltd., Annual General Meeting, Jun 26, 2025. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.9% 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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.9% average weekly change). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,974, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 11x in the Electronic industry in Japan. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,969 per share. Aankondiging • Mar 27
V Technology Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 V Technology Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Buy Or Sell Opportunity • Mar 19
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 7.0% to JP¥2,372. The fair value is estimated to be JP¥1,976, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 4.5% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Buy Or Sell Opportunity • Feb 12
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 10.0% to JP¥2,408. The fair value is estimated to be JP¥1,952, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 4.7% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 4.6% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. Buy Or Sell Opportunity • Jan 22
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 2.2% to JP¥2,452. The fair value is estimated to be JP¥2,007, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.1% in 2 years. Earnings are forecast to grow by 122% in the next 2 years. Buy Or Sell Opportunity • Jan 07
Now 21% overvalued Over the last 90 days, the stock has fallen 2.9% to JP¥2,452. The fair value is estimated to be JP¥2,021, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.1% in 2 years. Earnings are forecast to grow by 122% in the next 2 years. Aankondiging • Jan 03
V Technology Co., Ltd. to Report Q3, 2025 Results on Feb 10, 2025 V Technology Co., Ltd. announced that they will report Q3, 2025 results on Feb 10, 2025 Buy Or Sell Opportunity • Dec 23
Now 20% overvalued Over the last 90 days, the stock has fallen 5.4% to JP¥2,407. The fair value is estimated to be JP¥2,003, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 6.1% in 2 years. Earnings are forecast to grow by 122% in the next 2 years. Declared Dividend • Dec 06
First half dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 3.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (56% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 188% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 13
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: JP¥45.80 (up from JP¥24.92 loss in 2Q 2024). Revenue: JP¥12.8b (up 95% from 2Q 2024). Net income: JP¥438.0m (up JP¥679.0m from 2Q 2024). Profit margin: 3.4% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Price Target Changed • Oct 11
Price target decreased by 7.0% to JP¥3,517 Down from JP¥3,783, the current price target is an average from 3 analysts. New target price is 38% above last closing price of JP¥2,542. Stock is up 26% over the past year. The company is forecast to post earnings per share of JP¥127 for next year compared to JP¥80.60 last year. Buy Or Sell Opportunity • Sep 26
Now 20% overvalued Over the last 90 days, the stock has fallen 14% to JP¥2,619. The fair value is estimated to be JP¥2,180, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 360% in the next 2 years. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). Aankondiging • Aug 27
V Technology Co., Ltd. to Report Q2, 2025 Results on Nov 11, 2024 V Technology Co., Ltd. announced that they will report Q2, 2025 results on Nov 11, 2024 Buy Or Sell Opportunity • Aug 14
Now 20% overvalued Over the last 90 days, the stock has fallen 11% to JP¥2,573. The fair value is estimated to be JP¥2,142, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 360% in the next 2 years. Reported Earnings • Aug 11
First quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2025 results: JP¥68.15 loss per share (further deteriorated from JP¥41.99 loss in 1Q 2024). Revenue: JP¥9.52b (up 66% from 1Q 2024). Net loss: JP¥656.0m (loss widened 62% from 1Q 2024). Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to JP¥2,113, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,148 per share. New Risk • Aug 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.5% average weekly change). High level of non-cash earnings (21% accrual ratio). Minor Risk Paying a dividend despite having no free cash flows. Declared Dividend • Jul 11
Final dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 2.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Aankondiging • Jul 09
V Technology Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 V Technology Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Price Target Changed • Jun 20
Price target increased by 12% to JP¥3,473 Up from JP¥3,110, the current price target is an average from 4 analysts. New target price is 7.7% above last closing price of JP¥3,225. Stock is up 32% over the past year. The company is forecast to post earnings per share of JP¥127 for next year compared to JP¥80.60 last year. New Risk • May 27
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 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (21% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Major Estimate Revision • May 25
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥44.6b to JP¥42.9b. EPS estimate also fell from JP¥148 per share to JP¥126 per share. Net income forecast to grow 57% next year vs 14% growth forecast for Electronic industry in Japan. Consensus price target up from JP¥2,860 to JP¥3,110. Share price fell 5.0% to JP¥2,717 over the past week. Reported Earnings • May 16
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥80.60 (up from JP¥26.89 in FY 2023). Revenue: JP¥37.3b (down 14% from FY 2023). Net income: JP¥778.0m (up 199% from FY 2023). Profit margin: 2.1% (up from 0.6% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.9%. Earnings per share (EPS) exceeded analyst estimates by 40%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Aankondiging • May 15
V Technology Co., Ltd., Annual General Meeting, Jun 26, 2024 V Technology Co., Ltd., Annual General Meeting, Jun 26, 2024. Aankondiging • Mar 28
V Technology Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 V Technology Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 11
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: JP¥76.70 loss per share (further deteriorated from JP¥70.74 loss in 3Q 2023). Revenue: JP¥6.77b (down 36% from 3Q 2023). Net loss: JP¥740.0m (loss widened 8.2% from 3Q 2023). Revenue missed analyst estimates by 31%. Earnings per share (EPS) also missed analyst estimates by 129%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Price Target Changed • Jan 23
Price target increased by 11% to JP¥2,860 Up from JP¥2,580, the current price target is an average from 4 analysts. New target price is 5.8% above last closing price of JP¥2,702. Stock is down 0.8% over the past year. The company is forecast to post earnings per share of JP¥59.28 for next year compared to JP¥26.89 last year. Aankondiging • Dec 28
V Technology Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 V Technology Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 Price Target Changed • Dec 28
Price target increased by 9.0% to JP¥2,580 Up from JP¥2,367, the current price target is an average from 3 analysts. New target price is 13% below last closing price of JP¥2,956. Stock is up 20% over the past year. The company is forecast to post earnings per share of JP¥57.67 for next year compared to JP¥26.89 last year. New Risk • Nov 21
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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change). Reported Earnings • Nov 12
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: JP¥24.92 loss per share (down from JP¥63.19 profit in 2Q 2023). Revenue: JP¥6.59b (down 43% from 2Q 2023). Net loss: JP¥241.0m (down 139% from profit in 2Q 2023). Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 30% per year. Aankondiging • Oct 17
V Technology Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023 V Technology Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥30.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). Price Target Changed • Sep 13
Price target decreased by 20% to JP¥2,433 Down from JP¥3,033, the current price target is an average from 3 analysts. New target price is 9.2% above last closing price of JP¥2,229. Stock is down 22% over the past year. The company is forecast to post earnings per share of JP¥31.73 for next year compared to JP¥26.89 last year. Reported Earnings • Aug 12
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: JP¥41.99 loss per share (down from JP¥74.36 profit in 1Q 2023). Revenue: JP¥5.75b (down 26% from 1Q 2023). Net loss: JP¥406.0m (down 157% from profit in 1Q 2023). Revenue missed analyst estimates by 20%. Earnings per share (EPS) also missed analyst estimates significantly. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Aankondiging • Aug 11
V Technology Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 V Technology Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Major Estimate Revision • Jun 22
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥43.7b to JP¥39.3b. EPS estimate fell from JP¥109 to JP¥55.87 per share. Net income forecast to grow 114% next year vs 3.5% growth forecast for Electronic industry in Japan. Consensus price target broadly unchanged at JP¥3,000. Share price was steady at JP¥2,521 over the past week. Price Target Changed • Jun 07
Price target decreased by 9.9% to JP¥3,033 Down from JP¥3,367, the current price target is an average from 3 analysts. New target price is 19% above last closing price of JP¥2,558. Stock is down 17% over the past year. The company is forecast to post earnings per share of JP¥109 for next year compared to JP¥26.89 last year. Major Estimate Revision • May 22
Consensus EPS estimates fall by 28% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥46.7b to JP¥45.4b. EPS estimate also fell from JP¥198 per share to JP¥142 per share. Net income forecast to grow 427% next year vs 6.6% growth forecast for Electronic industry in Japan. Consensus price target down from JP¥3,367 to JP¥3,167. Share price rose 3.0% to JP¥2,574 over the past week. Reported Earnings • May 17
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥26.89 (down from JP¥434 in FY 2022). Revenue: JP¥43.1b (down 16% from FY 2022). Net income: JP¥260.0m (down 94% from FY 2022). Profit margin: 0.6% (down from 8.2% in FY 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 80%. 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. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥2,500, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Electronic industry in Japan. Total loss to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,178 per share. Price Target Changed • Apr 02
Price target decreased by 10.0% to JP¥3,000 Down from JP¥3,333, the current price target is provided by 1 analyst. New target price is 6.9% above last closing price of JP¥2,806. Stock is down 15% over the past year. The company is forecast to post earnings per share of JP¥101 for next year compared to JP¥434 last year. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,830, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 1.4% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥30.00 per share at 5.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 30% and the cash payout ratio is 87%. Trailing yield: 5.0%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 12
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: JP¥70.74 loss per share (down from JP¥106 profit in 3Q 2022). Revenue: JP¥10.6b (up 9.4% from 3Q 2022). Net loss: JP¥684.0m (down 167% from profit in 3Q 2022). Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) also missed analyst estimates by 88%. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings.