Reported Earnings • May 20
Third quarter 2026 earnings released: EPS: JP¥11.30 (vs JP¥20.42 in 3Q 2025) Third quarter 2026 results: EPS: JP¥11.30 (down from JP¥20.42 in 3Q 2025). Revenue: JP¥2.33b (down 5.3% from 3Q 2025). Net income: JP¥196.0m (down 45% from 3Q 2025). Profit margin: 8.4% (down from 14% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Mar 24
Scala, Inc. (TSE:4845) announces an Equity Buyback for 270,000 shares, representing 1.55% for ¥93.96 million. Scala, Inc. (TSE:4845) announces a share repurchase program. Under the program, the company will repurchase up to 270,000 shares, representing 1.55% of its share capital, for ¥93.96 million. The purpose of the program is to improve capital efficiency and implement flexible capital policies according to the business environment. The program will expire on March 25, 2026. As of December 31, 2025, the company had 17,368,245 shares in issue (excluding treasury stock) and 400,014 shares in treasury. Declared Dividend • Feb 19
First half dividend of JP¥8.50 announced Dividend of JP¥8.50 is the same as last year. Ex-date: 29th June 2026 Payment date: 28th September 2026 Dividend yield will be 4.6%, which is higher than the industry average of 1.4%. Sustainability & Growth The dividend has increased by an average of 5.4% 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 decline by 78% to shift the payout ratio to a potentially unsustainable range, which is more than the 16% EPS decline seen over the last 5 years. 
