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Net One Systems

Executive Summary

Net One Systems Co., Ltd. provides information platform solutions and services in Japan.


Snowflake Analysis

Flawless balance sheet with solid track record.


Similar Companies

Share Price & News

How has Net One Systems's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: NOX's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.6%

NOX

2.1%

DE IT

4.4%

DE Market


1 Year Return

15.7%

NOX

-7.8%

DE IT

4.4%

DE Market

Return vs Industry: NOX exceeded the German IT industry which returned -9.6% over the past year.

Return vs Market: NOX exceeded the German Market which returned 4.1% over the past year.


Shareholder returns

NOXIndustryMarket
7 Day4.6%2.1%4.4%
30 Day3.0%12.8%12.1%
90 Day45.0%1.2%5.4%
1 Year17.9%15.7%-7.4%-7.8%6.1%4.4%
3 Year220.9%203.4%74.1%70.1%-0.6%-8.2%
5 Year414.0%346.7%212.1%198.5%10.4%-3.8%

Price Volatility Vs. Market

How volatile is Net One Systems's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Net One Systems undervalued compared to its fair value and its price relative to the market?

28.62x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: NOX (€27.4) is trading above our estimate of fair value (€21.37)

Significantly Below Fair Value: NOX is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: NOX is poor value based on its PE Ratio (28.6x) compared to the IT industry average (24.6x).

PE vs Market: NOX is poor value based on its PE Ratio (28.6x) compared to the German market (20.1x).


Price to Earnings Growth Ratio

PEG Ratio: NOX is poor value based on its PEG Ratio (2.6x)


Price to Book Ratio

PB vs Industry: NOX is overvalued based on its PB Ratio (4.4x) compared to the DE IT industry average (3.9x).


Next Steps

Future Growth

How is Net One Systems forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

11.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOX's forecast earnings growth (11.2% per year) is above the savings rate (0.2%).

Earnings vs Market: NOX's earnings (11.2% per year) are forecast to grow slower than the German market (22.7% per year).

High Growth Earnings: NOX's earnings are forecast to grow, but not significantly.

Revenue vs Market: NOX's revenue (4.3% per year) is forecast to grow slower than the German market (5.7% per year).

High Growth Revenue: NOX's revenue (4.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NOX's Return on Equity is forecast to be low in 3 years time (18.5%).


Next Steps

Past Performance

How has Net One Systems performed over the past 5 years?

37.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NOX has high quality earnings.

Growing Profit Margin: NOX's current net profit margins (5.4%) are higher than last year (2.5%).


Past Earnings Growth Analysis

Earnings Trend: NOX's earnings have grown significantly by 37.3% per year over the past 5 years.

Accelerating Growth: NOX's earnings growth over the past year (132.9%) exceeds its 5-year average (37.3% per year).

Earnings vs Industry: NOX earnings growth over the past year (132.9%) exceeded the IT industry 4.8%.


Return on Equity

High ROE: NOX's Return on Equity (15.2%) is considered low.


Next Steps

Financial Health

How is Net One Systems's financial position?


Financial Position Analysis

Short Term Liabilities: NOX's short term assets (¥125.0B) exceed its short term liabilities (¥57.7B).

Long Term Liabilities: NOX's short term assets (¥125.0B) exceed its long term liabilities (¥11.7B).


Debt to Equity History and Analysis

Debt Level: NOX is debt free.

Reducing Debt: NOX has not had any debt for past 5 years.

Debt Coverage: NOX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NOX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Net One Systems's current dividend yield, its reliability and sustainability?

1.23%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: NOX's dividend (1.23%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.26%).

High Dividend: NOX's dividend (1.23%) is low compared to the top 25% of dividend payers in the German market (3.8%).


Stability and Growth of Payments

Stable Dividend: NOX's dividend payments have been volatile in the past 10 years.

Growing Dividend: NOX's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (37.7%), NOX's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.2yrs

Average management tenure


CEO

Takayuki Yoshino (68yo)

12yrs

Tenure

Mr. Takayuki Yoshino has been Executive President of Net One Systems Co. Ltd since April 2011 and has been its Chairman since June 2018. Mr. Yoshino served as Chief Executive Officer of Net One Systems Co ...


Leadership Team

NamePositionTenureCompensationOwnership
Takayuki Yoshino
Chairman & CEO12yrsno data0.035% ¥840.3k
Toru Arai
President9.17yrsno data0.019% ¥456.0k
Fumihiko Shinoura
Senior VP of Business Development Division & Director1yrno datano data
Shinji Hirakawa
Executive VP of East Japan Business Unit 1 & West Japan and Directorno datano data0.00014% ¥3.3k
Takafumi Takeshita
Senior VP of East Japan Business Unit 2 & Central Japan Business Unit and Directorno datano data0.054% ¥1.3m
Takahisa Kawaguchi
Senior VP of Corporate Planning & Management Division and Director5yrsno data0.031% ¥743.9k
Takuya Tanaka
Senior VP of Corporate Planning & Management Division and Directorno datano data0.00073% ¥17.3k
Junichi Nakamura
VP & GM of Chubu Business Divisionno datano datano data
Hideo Fukumoto
Executive Officer & VP2.17yrsno datano data

2.2yrs

Average Tenure

59yo

Average Age

Experienced Management: NOX's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Takayuki Yoshino
Chairman & CEO12yrsno data0.035% ¥840.3k
Toru Arai
President9.17yrsno data0.019% ¥456.0k
Fumihiko Shinoura
Senior VP of Business Development Division & Director1yrno datano data
Shinji Hirakawa
Executive VP of East Japan Business Unit 1 & West Japan and Directorno datano data0.00014% ¥3.3k
Takafumi Takeshita
Senior VP of East Japan Business Unit 2 & Central Japan Business Unit and Directorno datano data0.054% ¥1.3m
Takahisa Kawaguchi
Senior VP of Corporate Planning & Management Division and Director5yrsno data0.031% ¥743.9k
Takuya Tanaka
Senior VP of Corporate Planning & Management Division and Directorno datano data0.00073% ¥17.3k
Kunio Kawakami
Independent External Director11yrsno data0.034% ¥794.1k
Mitsuo Imai
Independent External Director8yrsno data0.014% ¥325.3k
Rieko Nishikawa
Independent External Director5yrsno data0.0055% ¥130.0k

5.0yrs

Average Tenure

62.5yo

Average Age

Experienced Board: NOX's board of directors are considered experienced (5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Net One Systems Co., Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Net One Systems Co., Ltd.
  • Ticker: NOX
  • Exchange: DB
  • Founded: 1988
  • Industry: IT Consulting and Other Services
  • Sector: Software
  • Market Cap: JP¥289.736b
  • Listing Market Cap: JP¥2.368b
  • Shares outstanding: 84.72m
  • Website: https://www.netone.co.jp

Number of Employees


Location

  • Net One Systems Co., Ltd.
  • JP Tower
  • 24th Floor
  • Tokyo
  • 100-7024
  • Japan

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NOXDB (Deutsche Boerse AG)YesCommon SharesDEEUROct 1996
7518TSE (The Tokyo Stock Exchange)YesCommon SharesJPJPYOct 1996
NONE.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 1996

Biography

Net One Systems Co., Ltd. provides information platform solutions and services in Japan. The company offers information and communications technology, and virtual desktop infrastructure solutions. It also provides telecommunication networks, such as carrier Ethernet, IP/MPLS networks, mobile network infrastructure, and SDN/NFV for telecom operators. In addition, the company provides product development, consulting, design, construction, introduction, education, and maintenance and operation management services. It serves automotive, electronics, transport, financial institutions, other businesses, and other manufacturing and non-manufacturing companies. Net One Systems Co., Ltd. was founded in 1988 and is headquartered in Tokyo, Japan. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 20:47
End of Day Share Price2020/06/04 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.