Reported Earnings • May 18
Second quarter 2026 earnings released: EPS: JP¥196 (vs JP¥219 in 2Q 2025) Second quarter 2026 results: EPS: JP¥196 (down from JP¥219 in 2Q 2025). Revenue: JP¥13.6b (down 3.7% from 2Q 2025). Net income: JP¥1.74b (down 11% from 2Q 2025). Profit margin: 13% (down from 14% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 16
First quarter 2026 earnings released: EPS: JP¥75.16 (vs JP¥44.29 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥75.16 (up from JP¥44.29 loss in 1Q 2025). Revenue: JP¥11.2b (up 15% from 1Q 2025). Net income: JP¥658.0m (up JP¥1.06b from 1Q 2025). Profit margin: 5.9% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Nov 18
Full year 2025 earnings released: EPS: JP¥177 (vs JP¥21.22 loss in FY 2024) Full year 2025 results: EPS: JP¥177 (up from JP¥21.22 loss in FY 2024). Revenue: JP¥46.0b (up 16% from FY 2024). Net income: JP¥1.56b (up JP¥1.75b from FY 2024). Profit margin: 3.4% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Announcement • Nov 17
People, Dreams & Technologies Group Co., Ltd., Annual General Meeting, Dec 24, 2025 People, Dreams & Technologies Group Co., Ltd., Annual General Meeting, Dec 24, 2025. New Risk • Oct 01
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.6b (US$99.6m) This is considered a minor 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 185% Earnings have declined by 40% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥14.6b market cap, or US$99.6m). Upcoming Dividend • Sep 22
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 25 December 2025. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Announcement • Sep 10
People, Dreams & Technologies Group Co., Ltd. to Report Fiscal Year 2025 Results on Nov 14, 2025 People, Dreams & Technologies Group Co., Ltd. announced that they will report fiscal year 2025 results on Nov 14, 2025 Reported Earnings • Aug 16
Third quarter 2025 earnings released: JP¥146 loss per share (vs JP¥114 loss in 3Q 2024) Third quarter 2025 results: JP¥146 loss per share (further deteriorated from JP¥114 loss in 3Q 2024). Revenue: JP¥7.68b (up 12% from 3Q 2024). Net loss: JP¥1.28b (loss widened 25% from 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. New Risk • Jun 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.2b (US$99.1m) This is considered a minor 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 180% Earnings have declined by 33% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥14.2b market cap, or US$99.1m). Announcement • May 31
People, Dreams & Technologies Group Co., Ltd. to Report Q3, 2025 Results on Aug 14, 2025 People, Dreams & Technologies Group Co., Ltd. announced that they will report Q3, 2025 results on Aug 14, 2025 Reported Earnings • May 19
Second quarter 2025 earnings released: EPS: JP¥219 (vs JP¥216 in 2Q 2024) Second quarter 2025 results: EPS: JP¥219 (up from JP¥216 in 2Q 2024). Revenue: JP¥14.1b (up 4.4% from 2Q 2024). Net income: JP¥1.96b (up 1.2% from 2Q 2024). Profit margin: 14% (in line with 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Announcement • Mar 04
People, Dreams & Technologies Group Co., Ltd. to Report Q2, 2025 Results on May 14, 2025 People, Dreams & Technologies Group Co., Ltd. announced that they will report Q2, 2025 results on May 14, 2025 Reported Earnings • Feb 16
First quarter 2025 earnings released: JP¥44.29 loss per share (vs JP¥31.29 loss in 1Q 2024) First quarter 2025 results: JP¥44.29 loss per share (further deteriorated from JP¥31.29 loss in 1Q 2024). Revenue: JP¥9.70b (up 19% from 1Q 2024). Net loss: JP¥398.0m (loss widened 43% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 31
Full year 2024 earnings released: JP¥21.22 loss per share (vs JP¥135 profit in FY 2023) Full year 2024 results: JP¥21.22 loss per share (down from JP¥135 profit in FY 2023). Revenue: JP¥39.8b (flat on FY 2023). Net loss: JP¥190.0m (down 116% from profit in FY 2023). 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 8% per year, which means it has not declined as severely as earnings. Announcement • Dec 18
People, Dreams & Technologies Group Co., Ltd. to Report Q1, 2025 Results on Feb 14, 2025 People, Dreams & Technologies Group Co., Ltd. announced that they will report Q1, 2025 results on Feb 14, 2025 Reported Earnings • Nov 30
Full year 2024 earnings released: JP¥21.22 loss per share (vs JP¥135 profit in FY 2023) Full year 2024 results: JP¥21.22 loss per share (down from JP¥135 profit in FY 2023). Revenue: JP¥39.8b (flat on FY 2023). Net loss: JP¥190.0m (down 116% from profit in FY 2023). 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 7% per year, which means it has not declined as severely as earnings. Announcement • Nov 26
People, Dreams & Technologies Group Co., Ltd., Annual General Meeting, Dec 24, 2024 People, Dreams & Technologies Group Co., Ltd., Annual General Meeting, Dec 24, 2024. New Risk • Oct 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.7b (US$98.5m) This is considered a minor 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 Earnings have declined by 2.4% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (JP¥14.7b market cap, or US$98.5m). Upcoming Dividend • Sep 20
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 25 December 2024. Payout ratio is a comfortable 75% and the cash payout ratio is 96%. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.3%). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.1b (US$99.2m) This is considered a minor 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 Earnings have declined by 2.4% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (93% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (JP¥14.1b market cap, or US$99.2m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,572, the stock trades at a trailing P/E ratio of 16.9x. Average trailing P/E is 11x in the Construction industry in Japan. Total loss to shareholders of 7.0% over the past three years. Announcement • Jun 23
People, Dreams & Technologies Group Co., Ltd. to Report Q3, 2024 Results on Aug 14, 2024 People, Dreams & Technologies Group Co., Ltd. announced that they will report Q3, 2024 results on Aug 14, 2024 Reported Earnings • May 18
Second quarter 2024 earnings released: EPS: JP¥216 (vs JP¥210 in 2Q 2023) Second quarter 2024 results: EPS: JP¥216 (up from JP¥210 in 2Q 2023). Revenue: JP¥13.5b (up 6.7% from 2Q 2023). Net income: JP¥1.94b (up 2.5% from 2Q 2023). Profit margin: 14% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 19
Now 21% overvalued Over the last 90 days, the stock has fallen 4.5% to JP¥1,690. The fair value is estimated to be JP¥1,399, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has declined by 24%. New Risk • Apr 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.4b (US$99.9m) This is considered a minor 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: Minor Risks Dividend is not well covered by cash flows (102% cash payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (JP¥15.4b market cap, or US$99.9m). Announcement • Mar 23
People, Dreams & Technologies Group Co., Ltd. to Report Q2, 2024 Results on May 14, 2024 People, Dreams & Technologies Group Co., Ltd. announced that they will report Q2, 2024 results on May 14, 2024 Buy Or Sell Opportunity • Mar 14
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at JP¥1,703. The fair value is estimated to be JP¥1,406, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has declined by 24%. Buy Or Sell Opportunity • Feb 19
Now 21% overvalued Over the last 90 days, the stock has fallen 3.0% to JP¥1,748. The fair value is estimated to be JP¥1,440, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has declined by 24%. Reported Earnings • Feb 15
First quarter 2024 earnings released: JP¥31.29 loss per share (vs JP¥15.46 profit in 1Q 2023) First quarter 2024 results: JP¥31.29 loss per share (down from JP¥15.46 profit in 1Q 2023). Revenue: JP¥8.18b (down 8.7% from 1Q 2023). Net loss: JP¥278.0m (down 303% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Dec 24
People, Dreams & Technologies Group Co., Ltd. to Report Q1, 2024 Results on Feb 13, 2024 People, Dreams & Technologies Group Co., Ltd. announced that they will report Q1, 2024 results on Feb 13, 2024 Reported Earnings • Nov 18
Full year 2023 earnings released: EPS: JP¥135 (vs JP¥262 in FY 2022) Full year 2023 results: EPS: JP¥135 (down from JP¥262 in FY 2022). Revenue: JP¥39.8b (up 5.9% from FY 2022). Net income: JP¥1.20b (down 48% from FY 2022). Profit margin: 3.0% (down from 6.2% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Nov 17
People, Dreams & Technologies Group Co., Ltd., Annual General Meeting, Dec 22, 2023 People, Dreams & Technologies Group Co., Ltd., Annual General Meeting, Dec 22, 2023. Announcement • Sep 27
People, Dreams & Technologies Group Co., Ltd. to Report Fiscal Year 2023 Results on Nov 14, 2023 People, Dreams & Technologies Group Co., Ltd. announced that they will report fiscal year 2023 results on Nov 14, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥60.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 26 December 2023. Payout ratio is a comfortable 22% but the company is not cash flow positive. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (3.0%). New Risk • Aug 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.0b (US$96.2m) This is considered a minor 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: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (3.7% net profit margin). Market cap is less than US$100m (JP¥14.0b market cap, or US$96.2m). Reported Earnings • Aug 12
Third quarter 2023 earnings released: JP¥39.17 loss per share (vs JP¥2.60 loss in 3Q 2022) Third quarter 2023 results: JP¥39.17 loss per share (further deteriorated from JP¥2.60 loss in 3Q 2022). Revenue: JP¥7.48b (flat on 3Q 2022). Net loss: JP¥352.0m (loss widened JP¥329.0m from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Jun 17
People, Dreams & Technologies Group Co., Ltd. to Report Q3, 2023 Results on Aug 10, 2023 People, Dreams & Technologies Group Co., Ltd. announced that they will report Q3, 2023 results on Aug 10, 2023 Announcement • May 16
People, Dreams & Technologies Group Co., Ltd. (TSE:9248) announces an Equity Buyback for 200,000 shares, representing 2.22% for ¥300 million. People, Dreams & Technologies Group Co., Ltd. (TSE:9248) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 2.22% of its issued share capital for ¥300 million. The purpose of the program is improving capital efficiency and enhancing shareholder returns, as well as for use in restricted stock compensation, etc. as an incentive for sustainable growth, and for future M&A. The program will be valid till September 22, 2023. As of March 31, 2023, the company had 9,009,082 issued shares (excluding treasury stock) and 406,918 shares of treasury stock. Reported Earnings • May 16
Second quarter 2023 earnings released: EPS: JP¥210 (vs JP¥258 in 2Q 2022) Second quarter 2023 results: EPS: JP¥210 (down from JP¥258 in 2Q 2022). Revenue: JP¥12.7b (down 1.4% from 2Q 2022). Net income: JP¥1.89b (down 19% from 2Q 2022). Profit margin: 15% (down from 18% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 26
People, Dreams & Technologies Group Co., Ltd. to Report Q1, 2023 Results on Feb 13, 2023 People, Dreams & Technologies Group Co., Ltd. announced that they will report Q1, 2023 results on Feb 13, 2023 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorated over the past week After last week's 22% share price decline to JP¥2,064, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 9x in the Construction industry in Japan. Total returns to shareholders of 96% over the past three years. Announcement • Nov 16
People, Dreams & Technologies Group Co., Ltd., Annual General Meeting, Dec 23, 2022 People, Dreams & Technologies Group Co., Ltd., Annual General Meeting, Dec 23, 2022. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. No independent directors (10 non-independent directors). Managing Executive Officer, General Manager of Business Promotion Division and Director Akinori Ido was the last director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Oct 05
People, Dreams & Technologies Group Co., Ltd. (TSE:9248) completed the acquisition of Pcrw Consultant Co., Ltd. from PC Ltd. and Officer Shareholding Association. People, Dreams & Technologies Group Co., Ltd. (TSE:9248) agreed to acquire Pcrw Consultant Co., Ltd. from PC Ltd. and Officer Shareholding Association for ¥2.2 billion on August 25, 2022. As per terms, People, Dreams & Technologies Group Co., Ltd. will acquire 457 shares of Pcrw Consultant at the price of ¥4,820,000 per share. Pcrw Consultant shares held by the Executive Shareholding Association will be purchased by PC in advance and transferred to the People, Dreams & Technologies. For the fiscal year ending May 31, 2022, Pcrw consultant reported Net worth of ¥1.2 billion, Total assets of ¥1.6 billion, Sales of ¥2.2 billion, Operating income of ¥249 million, and Net income of ¥168 million. The acquisition is expected to close on October 4, 2022.
People, Dreams & Technologies Group Co., Ltd. (TSE:9248) completed the acquisition of Pcrw Consultant Co., Ltd. from PC Ltd. and Officer Shareholding Association on October 4, 2022. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥42.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 22 December 2022. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.5%). Announcement • Sep 15
People, Dreams & Technologies Group Co., Ltd. to Report Fiscal Year 2022 Results on Nov 14, 2022 People, Dreams & Technologies Group Co., Ltd. announced that they will report fiscal year 2022 results on Nov 14, 2022 Announcement • Aug 27
People, Dreams & Technologies Group Co., Ltd. (TSE:9248) agreed to acquire Pcrw Consultant Co., Ltd. from PC Ltd. and Officer Shareholding Association for ¥2.2 billion. People, Dreams & Technologies Group Co., Ltd. (TSE:9248) agreed to acquire Pcrw Consultant Co., Ltd. from PC Ltd. and Officer Shareholding Association for ¥2.2 billion on August 25, 2022. As per terms, People, Dreams & Technologies Group Co., Ltd. will acquire 457 shares of Pcrw Consultant at the price of ¥4,820,000 per share. Pcrw Consultant shares held by the Executive Shareholding Association will be purchased by PC in advance and transferred to the People, Dreams & Technologies. For the fiscal year ending May 31, 2022, Pcrw consultant reported Net worth of ¥1.2 billion, Total assets of ¥1.6 billion, Sales of ¥2.2 billion, Operating income of ¥249 million, and Net income of ¥168 million. The acquisition is expected to close on October 4, 2022. Announcement • Jun 16
People, Dreams & Technologies Group Co., Ltd. to Report Q3, 2022 Results on Aug 09, 2022 People, Dreams & Technologies Group Co., Ltd. announced that they will report Q3, 2022 results on Aug 09, 2022 Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. No independent directors (10 non-independent directors). Managing Executive Officer, General Manager of Business Promotion Division and Director Akinori Ido was the last director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
People, Dreams & Technologies Group Co., Ltd. to Report Q2, 2022 Results on May 12, 2022 People, Dreams & Technologies Group Co., Ltd. announced that they will report Q2, 2022 results on May 12, 2022 Reported Earnings • Dec 28
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥268 (up from JP¥231 in FY 2020). Revenue: JP¥34.5b (up 12% from FY 2020). Net income: JP¥2.41b (up 18% from FY 2020). Profit margin: 7.0% (up from 6.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Oct 04
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 5 highly experienced directors. No independent directors (10 non-independent directors). Managing Executive Officer, General Manager of Business Promotion Division and Director Akinori Ido was the last director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. 
