Announcement • May 22
Global Security Experts Inc. (TSE:4417) announces an Equity Buyback for 100,000 shares, representing 0.66% for ¥200 million. Global Security Experts Inc. (TSE:4417) announces a share repurchase program. Under the program, the company will repurchase up to 100,000 shares, representing 0.66% of its issued share capital for a total purchase price of ¥200 million. The shares will be repurchased at a price of ¥2,000 per share. The purpose of the program is to return profits to our shareholders by improving capital efficiency. As of March 31, 2026, the company had 15,051,988 shares in issued and 257,612 shares in treasury. Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥3,255, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 14x in the IT industry in Japan. Total returns to shareholders of 54% over the past three years. Buy Or Sell Opportunity • May 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.0% to JP¥2,888. The fair value is estimated to be JP¥3,614, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last year. Earnings per share has grown by 47%. Revenue is forecast to grow by 59% in 2 years. Earnings are forecast to grow by 62% in the next 2 years.