Announcement • Jun 28
Asukanet Co., Ltd. to Report Q1, 2027 Results on Sep 08, 2026 Asukanet Co., Ltd. announced that they will report Q1, 2027 results on Sep 08, 2026 Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥303, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total loss to shareholders of 63% over the past three years. Announcement • Jun 11
Asukanet Co., Ltd. Proposes Cash Dividend for the Fiscal Year Ended April 30, 2026, Payable on July 30, 2026; Provides Dividend Guidance for the Fiscal Year Ending April 30, 2027 Asukanet Co., Ltd. proposed cash dividend of ¥7 per share for the fiscal year ended April 30, 2026 against ¥7 per share a year ago. Scheduled date of Annual General Meeting of Shareholders: July 29, 2026. Scheduled date of commencing dividend payments: July 30, 2026.
The company provided dividend guidance for the Fiscal year ending April 30, 2027. For the year, the company expects to pay a dividend of ¥7 per share against ¥7 per share a year ago. Reported Earnings • Jun 10
Full year 2026 earnings released: EPS: JP¥18.90 (vs JP¥16.30 loss in FY 2025) Full year 2026 results: EPS: JP¥18.90 (up from JP¥16.30 loss in FY 2025). Revenue: JP¥7.10b (down 2.2% from FY 2025). Net income: JP¥292.0m (up JP¥555.0m from FY 2025). Profit margin: 4.1% (up from net loss in FY 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Announcement • Jun 09
Asukanet Co., Ltd., Annual General Meeting, Jul 29, 2026 Asukanet Co., Ltd., Annual General Meeting, Jul 29, 2026. Upcoming Dividend • Apr 21
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 28 April 2026. Payment date: 30 July 2026. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.0%). Reported Earnings • Mar 08
Third quarter 2026 earnings released: EPS: JP¥11.02 (vs JP¥12.25 in 3Q 2025) Third quarter 2026 results: EPS: JP¥11.02 (down from JP¥12.25 in 3Q 2025). Revenue: JP¥1.96b (down 4.3% from 3Q 2025). Net income: JP¥170.0m (down 14% from 3Q 2025). Profit margin: 8.7% (down from 9.7% in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Announcement • Dec 30
Asukanet Co., Ltd. to Report Q3, 2026 Results on Mar 06, 2026 Asukanet Co., Ltd. announced that they will report Q3, 2026 results on Mar 06, 2026 Buy Or Sell Opportunity • Dec 19
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to JP¥347. The fair value is estimated to be JP¥434, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Dec 12
Second quarter 2026 earnings released: EPS: JP¥1.90 (vs JP¥1.55 in 2Q 2025) Second quarter 2026 results: EPS: JP¥1.90 (up from JP¥1.55 in 2Q 2025). Revenue: JP¥1.67b (down 1.3% from 2Q 2025). Net income: JP¥29.7m (up 19% from 2Q 2025). Profit margin: 1.8% (up from 1.5% in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Declared Dividend • Dec 11
Dividend of JP¥7.00 announced Dividend of JP¥7.00 is the same as last year. Ex-date: 28th April 2026 Payment date: 30th July 2026 Dividend yield will be 2.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (20% cash payout ratio). The dividend has decreased over the past 96 years, indicating a lack of growth and stability in payments. Announcement • Nov 21
Asukanet Co., Ltd. (TSE:2438) announces an Equity Buyback for 600,000 shares, representing 3.86% for ¥200 million. Asukanet Co., Ltd. (TSE:2438) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 3.86% of its total shares outstanding excluding treasury shares, for a total of ¥200 million. The purpose of the repurchase program is to enhance shareholder returns and enable flexible capital policy implementation in response to changes in the business environment. The share repurchase program is valid until April 22, 2026. As of October 31, 2025, the company had 15,545,654 shares outstanding excluding treasury shares and had 1,918,346 shares in treasury. Announcement • Sep 30
Asukanet Co., Ltd. to Report Q2, 2026 Results on Dec 09, 2025 Asukanet Co., Ltd. announced that they will report Q2, 2026 results on Dec 09, 2025 New Risk • Sep 11
New minor risk - Dividend sustainability The dividend is not well covered by earnings. The company is paying a dividend despite being loss-making. Dividend yield: 1.7% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Paying a dividend despite being loss-making. Market cap is less than US$100m (JP¥6.32b market cap, or US$42.7m). Reported Earnings • Sep 10
First quarter 2026 earnings released: JP¥0.38 loss per share (vs JP¥0.069 profit in 1Q 2025) First quarter 2026 results: JP¥0.38 loss per share (down from JP¥0.069 profit in 1Q 2025). Revenue: JP¥1.65b (down 3.2% from 1Q 2025). Net loss: JP¥6.00m (down JP¥7.12m from profit in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Announcement • Jul 18
Asukanet Co., Ltd. (TSE:2438) announces an Equity Buyback for 245,000 shares, representing 1.56% for ¥100 million. Asukanet Co., Ltd. (TSE:2438) announces a share repurchase program. Under the program, the company will repurchase up to 245,000 shares, representing 2.85% of its total shares outstanding excluding treasury shares, for a total of ¥100 million. The purpose of the repurchase program is to enhance shareholder returns and enable flexible capital policy implementation in response to changes in the business environment. The share repurchase program is valid until October 31, 2025. As of June 30, 2025, the company had 15,704,654 shares outstanding excluding treasury shares and had 1,759,346 shares in treasury. Announcement • Jun 29
Asukanet Co., Ltd. to Report Q1, 2026 Results on Sep 09, 2025 Asukanet Co., Ltd. announced that they will report Q1, 2026 results on Sep 09, 2025 Reported Earnings • Jun 12
Full year 2025 earnings released: JP¥16.30 loss per share (vs JP¥12.98 profit in FY 2024) Full year 2025 results: JP¥16.30 loss per share (down from JP¥12.98 profit in FY 2024). Revenue: JP¥7.26b (up 3.2% from FY 2024). Net loss: JP¥263.1m (down 223% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Jun 10
Asukanet Co., Ltd., Annual General Meeting, Jul 29, 2025 Asukanet Co., Ltd., Annual General Meeting, Jul 29, 2025. Upcoming Dividend • Apr 21
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 28 April 2025. Payment date: 29 July 2025. Payout ratio is on the higher end at 76%, however this is supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥388, the stock trades at a trailing P/E ratio of 34.1x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total loss to shareholders of 67% over the past three years. Announcement • Apr 01
Asukanet Co., Ltd. to Report Fiscal Year 2025 Results on Jun 10, 2025 Asukanet Co., Ltd. announced that they will report fiscal year 2025 results on Jun 10, 2025 Reported Earnings • Mar 09
Third quarter 2025 earnings released: EPS: JP¥12.25 (vs JP¥10.15 in 3Q 2024) Third quarter 2025 results: EPS: JP¥12.25 (up from JP¥10.15 in 3Q 2024). Revenue: JP¥2.04b (up 4.7% from 3Q 2024). Net income: JP¥197.4m (up 18% from 3Q 2024). Profit margin: 9.7% (up from 8.6% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Announcement • Jan 03
Asukanet Co., Ltd. to Report Q3, 2025 Results on Mar 07, 2025 Asukanet Co., Ltd. announced that they will report Q3, 2025 results on Mar 07, 2025 Announcement • Dec 20
Asukanet Co., Ltd. (TSE:2438) announces an Equity Buyback for 460,000 shares, representing 2.85% for ¥200 million. Asukanet Co., Ltd. (TSE:2438) announces a share repurchase program. Under the program, the company will repurchase up to 460,000 shares, representing 2.85% of its total shares outstanding excluding treasury shares, for a total of ¥200 million. The purpose of the repurchase program is to improve shareholder returns and enable the implementation of a flexible capital policy corresponding to changes in the business environment. The share repurchase program is valid until April 30, 2025. As of October 31, 2024, the company had 16,140,454 shares outstanding excluding treasury shares and had 1,323,546 shares in treasury. Declared Dividend • Dec 13
Dividend of JP¥7.00 announced Shareholders will receive a dividend of JP¥7.00. Ex-date: 28th April 2025 Payment date: 29th July 2025 Dividend yield will be 1.5%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has decreased over the past 86 years, indicating a lack of growth and stability in payments. The company's earnings per share (EPS) would need to decline by 16% to shift the payout ratio to a potentially unsustainable range, which is less than the 24% EPS decline seen over the last 5 years. Reported Earnings • Dec 13
First half 2025 earnings released: EPS: JP¥0.14 (vs JP¥3.94 in 1H 2024) First half 2025 results: EPS: JP¥0.14 (down from JP¥3.94 in 1H 2024). Revenue: JP¥3.40b (up 4.6% from 1H 2024). Net income: JP¥2.25m (down 97% from 1H 2024). Profit margin: 0.1% (down from 2.0% in 1H 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 14% per year. Announcement • Sep 28
Asukanet Co., Ltd. to Report Q2, 2025 Results on Dec 09, 2024 Asukanet Co., Ltd. announced that they will report Q2, 2025 results on Dec 09, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to JP¥471, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total loss to shareholders of 41% over the past three years. New Risk • Jul 09
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 5.7% 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 Earnings have declined by 9.2% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (JP¥9.67b market cap, or US$60.1m). Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥700, the stock trades at a trailing P/E ratio of 52.6x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total loss to shareholders of 19% over the past three years. Announcement • Jul 04
Asukanet Co., Ltd. to Report Q1, 2025 Results on Sep 09, 2024 Asukanet Co., Ltd. announced that they will report Q1, 2025 results at 3:00 PM, Tokyo Standard Time on Sep 09, 2024 Announcement • Jun 21
Asukanet Co., Ltd. (TSE:2438) announces an Equity Buyback for 340,000 shares, representing 2.07% for ¥200.26 million. Asukanet Co., Ltd. (TSE:2438) announces a share repurchase program. Under the program, the company will repurchase up to 340,000 shares, representing 2.07% of its total shares outstanding excluding treasury shares, for a total of ¥200.26 million. The shares will be repurchased at a price of ¥589 per share. The purpose of the repurchase program is to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment. The share repurchase program is valid until June 24, 2024. As of April 30, 2024, the company had 16,456,943 shares outstanding excluding treasury shares and had 1,007,057 shares in treasury. Announcement • Jun 13
Asukanet Co., Ltd., Annual General Meeting, Jul 26, 2024 Asukanet Co., Ltd., Annual General Meeting, Jul 26, 2024. New Risk • Jun 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.0% Last year net profit margin: 6.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.2% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (JP¥9.94b market cap, or US$63.3m). Reported Earnings • Jun 11
Full year 2024 earnings released: EPS: JP¥12.98 (vs JP¥28.91 in FY 2023) Full year 2024 results: EPS: JP¥12.98 (down from JP¥28.91 in FY 2023). Revenue: JP¥7.04b (flat on FY 2023). Net income: JP¥214.0m (down 56% from FY 2023). Profit margin: 3.0% (down from 6.9% in FY 2023). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Upcoming Dividend • Apr 19
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 29 July 2024. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.9%). Announcement • Apr 02
Asukanet Co., Ltd. to Report Fiscal Year 2024 Results on Jun 10, 2024 Asukanet Co., Ltd. announced that they will report fiscal year 2024 results on Jun 10, 2024 Reported Earnings • Mar 12
Third quarter 2024 earnings released: EPS: JP¥10.15 (vs JP¥14.80 in 3Q 2023) Third quarter 2024 results: EPS: JP¥10.15 (down from JP¥14.80 in 3Q 2023). Revenue: JP¥1.95b (down 4.4% from 3Q 2023). Net income: JP¥167.0m (down 32% from 3Q 2023). Profit margin: 8.6% (down from 12% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Jan 28
Asukanet Co., Ltd. to Report Q3, 2024 Results on Mar 11, 2024 Asukanet Co., Ltd. announced that they will report Q3, 2024 results on Mar 11, 2024 Reported Earnings • Dec 09
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: JP¥1.64b (up 1.6% from 2Q 2023). Net income: JP¥43.9m (down 32% from 2Q 2023). Profit margin: 2.7% (down from 4.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Oct 01
Asukanet Co., Ltd. to Report Q2, 2024 Results on Dec 08, 2023 Asukanet Co., Ltd. announced that they will report Q2, 2024 results on Dec 08, 2023 Reported Earnings • Aug 02
Full year 2023 earnings released: EPS: JP¥28.91 (vs JP¥19.71 in FY 2022) Full year 2023 results: EPS: JP¥28.91 (up from JP¥19.71 in FY 2022). Revenue: JP¥6.98b (up 10% from FY 2022). Net income: JP¥482.0m (up 45% from FY 2022). Profit margin: 6.9% (up from 5.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Jun 17
Asukanet Co., Ltd. (TSE:2438) announces an Equity Buyback for 180,000 shares, representing 1.08% for ¥150 million. Asukanet Co., Ltd. (TSE:2438) announces a share repurchase program. Under the program, the company will repurchase up to 180,000 shares, representing 1.08% of its total shares outstanding excluding treasury shares, for a total of ¥150 million. The purpose of the repurchase program is to improve shareholder returns and enable the implementation of a flexible capital policy corresponding to changes in the business environment. The share repurchase program is valid until July 31, 2023. As of April 30, 2023, the company had 16,621,743 shares outstanding excluding treasury shares and had 842,257 shares in treasury. New Risk • Jun 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.9b (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 14% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥13.9b market cap, or US$99.2m). Reported Earnings • Jun 11
Full year 2023 earnings released: EPS: JP¥28.91 (vs JP¥19.71 in FY 2022) Full year 2023 results: EPS: JP¥28.91 (up from JP¥19.71 in FY 2022). Revenue: JP¥6.98b (up 10% from FY 2022). Net income: JP¥482.0m (up 45% from FY 2022). Profit margin: 6.9% (up from 5.2% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Jun 09
Asukanet Co., Ltd., Annual General Meeting, Jul 26, 2023 Asukanet Co., Ltd., Annual General Meeting, Jul 26, 2023. Upcoming Dividend • Apr 20
Upcoming dividend of JP¥8.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 31 July 2023. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.1%). Reported Earnings • Mar 08
Third quarter 2023 earnings released: EPS: JP¥14.80 (vs JP¥10.80 in 3Q 2022) Third quarter 2023 results: EPS: JP¥14.80 (up from JP¥10.80 in 3Q 2022). Revenue: JP¥2.04b (up 16% from 3Q 2022). Net income: JP¥246.0m (up 35% from 3Q 2022). Profit margin: 12% (up from 10% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Jan 06
Asukanet Co., Ltd. to Report Q3, 2023 Results on Mar 06, 2023 Asukanet Co., Ltd. announced that they will report Q3, 2023 results on Mar 06, 2023 Reported Earnings • Dec 10
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: JP¥1.62b (up 11% from 2Q 2022). Net income: JP¥65.7m (up 26% from 2Q 2022). Profit margin: 4.1% (up from 3.6% in 2Q 2022). The increase in margin was driven by higher revenue. Board Change • Nov 16
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. 4 non-independent directors. Independent Outside Director Maki Kawase was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 02
Asukanet Co., Ltd. to Report Q2, 2023 Results on Dec 09, 2022 Asukanet Co., Ltd. announced that they will report Q2, 2023 results on Dec 09, 2022 Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥1,070, the stock trades at a trailing P/E ratio of 52.1x. Average trailing P/E is 14x in the Commercial Services industry in Japan. Total loss to shareholders of 24% over the past three years. Reported Earnings • Sep 07
First quarter 2023 earnings released: EPS: JP¥2.30 (vs JP¥1.66 in 1Q 2022) First quarter 2023 results: EPS: JP¥2.30 (up from JP¥1.66 in 1Q 2022). Revenue: JP¥1.54b (up 5.3% from 1Q 2022). Net income: JP¥38.5m (up 38% from 1Q 2022). Profit margin: 2.5% (up from 1.9% in 1Q 2022). The increase in margin 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 only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Sep 07
Asukanet Co., Ltd. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending April 30, 2023 Asukanet Co., Ltd. provided non-consolidated earnings guidance for the fiscal year ending April 30, 2023. For the year, the company expects net sales of ¥6,890 million, operating income of ¥450 million, profit of ¥348 million and basic earnings per share of ¥20.68. Reported Earnings • Aug 03
Full year 2022 earnings released: EPS: JP¥19.71 (vs JP¥13.36 in FY 2021) Full year 2022 results: EPS: JP¥19.71 (up from JP¥13.36 in FY 2021). Revenue: JP¥6.33b (up 9.7% from FY 2021). Net income: JP¥332.0m (up 48% from FY 2021). Profit margin: 5.2% (up from 3.9% in FY 2021). The increase in margin was driven by higher revenue. 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 12% per year, which means it has not declined as severely as earnings. Announcement • Jun 20
Asukanet Co., Ltd. (TSE:2438) announces an Equity Buyback for 200,000 shares, representing 1.19% for ¥200 million. will repurchase up to 200,000 shares, representing 1.19% of its total shares outstanding excluding treasury shares, for a total of ¥200 million. The purpose of the repurchase program is to improve shareholder returns and enable the implementation of a flexible capital policy corresponding to changes in the business environment. The share repurchase program is valid until October 31, 2022. As of April 30, 2022, the company had 16,806,343 shares outstanding excluding treasury shares and had 657,657 shares in treasury. Reported Earnings • Jun 13
Full year 2022 earnings released: EPS: JP¥19.71 (vs JP¥13.36 in FY 2021) Full year 2022 results: EPS: JP¥19.71 (up from JP¥13.36 in FY 2021). Revenue: JP¥6.33b (up 9.7% from FY 2021). Net income: JP¥332.0m (up 48% from FY 2021). Profit margin: 5.2% (up from 3.9% in FY 2021). The increase in margin was driven by higher revenue. 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 13% per year, which means it has not declined as severely as earnings. Announcement • Jun 10
Asukanet Co., Ltd., Annual General Meeting, Jul 28, 2022 Asukanet Co., Ltd., Annual General Meeting, Jul 28, 2022. Board Change • Apr 27
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. 4 non-independent directors. Independent Outside Director Maki Kawase was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 20
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 27 April 2022. Payment date: 28 July 2022. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.2%). Announcement • Apr 08
Asukanet Co., Ltd. to Report Fiscal Year 2022 Results on Jun 10, 2022 Asukanet Co., Ltd. announced that they will report fiscal year 2022 results on Jun 10, 2022 Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥1,356, the stock trades at a trailing P/E ratio of 63.3x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 1.5% over the past three years. Reported Earnings • Mar 08
Third quarter 2022 earnings: Revenues in line with analyst expectations Third quarter 2022 results: Revenue: JP¥1.76b (up 9.6% from 3Q 2021). Net income: JP¥182.1m (up 34% from 3Q 2021). Profit margin: 10% (up from 8.5% in 3Q 2021). 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 fallen by 41% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Mar 07
Asukanet Co., Ltd. Announces Non-Consolidated Earning Guidance for the Year Ending April 30, 2022 Asukanet Co., Ltd. announced non-consolidated earning guidance for the year ending April 30, 2022. For the period company expects net sales to be JPY 6,326 million, Operating income to be JPY 441 million, profit to be JPY 312 million and basic earning per share to be JPY 18.57. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥844, the stock trades at a trailing P/E ratio of 45.2x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total loss to shareholders of 30% over the past three years. Announcement • Dec 24
Asukanet Co., Ltd. (TSE:2438) announces an Equity Buyback for 145,000 shares, representing 0.86% for ¥100 million. Asukanet Co., Ltd. (TSE:2438) announces a share repurchase program. Under the program, the company will repurchase up to 145,000 shares, representing 0.86% of its total shares outstanding excluding treasury shares, for a total of ¥100 million. The purpose of the repurchase program is to improve shareholder returns and enable the implementation of a flexible capital policy corresponding to changes in the business environment. The share repurchase program is valid until April 28, 2022. As of October 31, 2021, the company had 16,863,043 shares outstanding excluding treasury shares and had 600,957 shares in treasury. Announcement • Dec 12
Asukanet Co., Ltd. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending April 30, 2022 Asukanet Co., Ltd. provided non-consolidated earnings guidance for the fiscal year ending April 30, 2022. For the period, the company expected net sales of JPY 6,270 million, operating income of JPY 285 million, profit of JPY 200 million and basic earnings per share of JPY 11.87. Reported Earnings • Dec 12
Second quarter 2022 earnings: Revenues in line with analyst expectations Second quarter 2022 results: Revenue: JP¥1.46b (up 11% from 2Q 2021). Net income: JP¥52.1m (up JP¥61.1m from 2Q 2021). Profit margin: 3.6% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • Sep 08
First quarter 2022 earnings released: EPS JP¥1.66 (vs JP¥0.059 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥1.47b (up 16% from 1Q 2021). Net income: JP¥28.0m (up JP¥29.0m from 1Q 2021). Profit margin: 1.9% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 03
Full year 2021 earnings released: EPS JP¥13.36 (vs JP¥29.75 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥5.77b (down 12% from FY 2020). Net income: JP¥225.0m (down 55% from FY 2020). Profit margin: 3.9% (down from 7.6% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 12
Full year 2021 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥5.77b (down 12% from FY 2020). Net income: JP¥225.5m (down 55% from FY 2020). Profit margin: 3.9% (down from 7.6% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Jun 11
Asukanet Co., Ltd. Provides Non-Consolidated Earnings Guidance for the Fiscal Year Ending April 30, 2022 Asukanet Co., Ltd. provided non-consolidated earnings guidance for the fiscal year ending April 30, 2022. For the period, the company expected net sales of JPY 6,270 million, operating income of JPY 285 million, profit of JPY 200 million and basic earnings per share of JPY 11.87. Upcoming Dividend • Apr 21
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 28 April 2021. Payment date: 30 July 2021. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (2.8%). Lower than average of industry peers (1.9%). Reported Earnings • Mar 10
Third quarter 2021 earnings released: EPS JP¥8.12 (vs JP¥13.78 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.60b (down 11% from 3Q 2020). Net income: JP¥136.8m (down 41% from 3Q 2020). Profit margin: 8.5% (down from 13% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 04
New 90-day low: JP¥955 The company is down 26% from its price of JP¥1,296 on 04 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: JP¥990 The company is down 24% from its price of JP¥1,306 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is down 4.0% over the same period. Announcement • Dec 27
Asukanet Co., Ltd. to Report Q3, 2021 Results on Mar 08, 2021 Asukanet Co., Ltd. announced that they will report Q3, 2021 results on Mar 08, 2021 Reported Earnings • Dec 17
Second quarter 2021 earnings released: JP¥0.53 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥1.33b (down 17% from 2Q 2020). Net loss: JP¥9.00m (down 108% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year and the company’s share price has also fallen by 11% per year. Is New 90 Day High Low • Dec 10
New 90-day low: JP¥1,077 The company is down 19% from its price of JP¥1,328 on 11 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 2.0% over the same period. Reported Earnings • Dec 09
Second quarter 2021 earnings released: JP¥0.53 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥1.33b (down 17% from 2Q 2020). Net loss: JP¥9.00m (down 108% from profit in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 11% per year and the company’s share price has also fallen by 11% per year. Announcement • Oct 01
Asukanet Co., Ltd. to Report Q2, 2021 Results on Dec 08, 2020 Asukanet Co., Ltd. announced that they will report Q2, 2021 results on Dec 08, 2020 Announcement • Sep 07
Asukanet Co., Ltd. Provides Year End Dividend Guidance for the Fiscal Year Ending April 30, 2021 Asukanet Co., Ltd. provided year end dividend guidance for the fiscal year ending April 30, 2021. For the period, the company expected year end dividend of JPY 7 per share compared to JPY 10 per share a year ago. Announcement • Jul 17
Asukanet Co., Ltd. to Report Q1, 2021 Results on Sep 07, 2020 Asukanet Co., Ltd. announced that they will report Q1, 2021 results on Sep 07, 2020 