Reported Earnings • Jul 14
Full year 2026 earnings released: EPS: JP¥121 (vs JP¥109 in FY 2025) Full year 2026 results: EPS: JP¥121 (up from JP¥109 in FY 2025). Revenue: JP¥67.3b (up 8.0% from FY 2025). Net income: JP¥2.33b (up 11% from FY 2025). Profit margin: 3.5% (up from 3.4% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. Upcoming Dividend • May 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 31 August 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.2%). Reported Earnings • Apr 14
Third quarter 2026 earnings released: EPS: JP¥17.09 (vs JP¥19.97 in 3Q 2025) Third quarter 2026 results: EPS: JP¥17.09 (down from JP¥19.97 in 3Q 2025). Revenue: JP¥16.1b (up 7.9% from 3Q 2025). Net income: JP¥328.0m (down 14% from 3Q 2025). Profit margin: 2.0% (down from 2.6% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 6% per year and the company’s share price has also fallen by 6% per year. Announcement • Apr 03
LIKE, Inc. to Report Q3, 2026 Results on Apr 13, 2026 LIKE, Inc. announced that they will report Q3, 2026 results on Apr 13, 2026 Declared Dividend • Feb 11
First half dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 28th May 2026 Payment date: 31st August 2026 Dividend yield will be 3.8%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 1.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 14
Second quarter 2026 earnings released: EPS: JP¥20.58 (vs JP¥14.28 in 2Q 2025) Second quarter 2026 results: EPS: JP¥20.58 (up from JP¥14.28 in 2Q 2025). Revenue: JP¥16.0b (up 8.6% from 2Q 2025). Net income: JP¥395.0m (up 44% from 2Q 2025). Profit margin: 2.5% (up from 1.9% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 10% per year. Announcement • Jan 14
LIKE, Inc. Announces Dividend for the Second Quarter End of Fiscal Year Ending May 31, 2026, Payable on February 10, 2026 LIKE, Inc. announced dividend for the second quarter end of fiscal year ending May 31, 2026. For the period, the company announced dividend of JPY 30.00 per share compared to JPY 29.00 per share a year ago. Scheduled date to commence dividend payments: February 10, 2026. Upcoming Dividend • Nov 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 November 2025. Payment date: 10 February 2026. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.3%). Announcement • Nov 10
LIKE, Inc. to Report Q2, 2026 Results on Jan 13, 2026 LIKE, Inc. announced that they will report Q2, 2026 results on Jan 13, 2026 Reported Earnings • Oct 15
First quarter 2026 earnings released: EPS: JP¥13.81 (vs JP¥8.65 in 1Q 2025) First quarter 2026 results: EPS: JP¥13.81 (up from JP¥8.65 in 1Q 2025). Revenue: JP¥15.9b (up 11% from 1Q 2025). Net income: JP¥265.0m (up 60% from 1Q 2025). Profit margin: 1.7% (up from 1.2% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 7% per year. Declared Dividend • Sep 08
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 27th November 2025 Payment date: 10th February 2026 Dividend yield will be 4.1%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 3.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Sep 02
Full year 2025 earnings released: EPS: JP¥109 (vs JP¥128 in FY 2024) Full year 2025 results: EPS: JP¥109 (down from JP¥128 in FY 2024). Revenue: JP¥62.3b (up 3.1% from FY 2024). Net income: JP¥2.10b (down 14% from FY 2024). Profit margin: 3.4% (down from 4.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year and the company’s share price has also fallen by 12% per year. Announcement • Aug 27
LIKE Co., Ltd. to Report Q1, 2026 Results on Oct 14, 2025 LIKE Co., Ltd. announced that they will report Q1, 2026 results on Oct 14, 2025 Reported Earnings • Jul 17
Full year 2025 earnings released Full year 2025 results: Net income: (down JP¥2.45b from profit in FY 2024). Announcement • Jul 15
LIKE Co., Ltd., Annual General Meeting, Aug 28, 2025 LIKE Co., Ltd., Annual General Meeting, Aug 28, 2025. Buy Or Sell Opportunity • Jul 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.5% to JP¥1,369. The fair value is estimated to be JP¥1,712, 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. Earnings per share has declined by 13%. Announcement • May 27
LIKE Co., Ltd. to Report Fiscal Year 2025 Results on Jul 15, 2025 LIKE Co., Ltd. announced that they will report fiscal year 2025 results on Jul 15, 2025 Upcoming Dividend • May 22
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 01 September 2025. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.9%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.1%). Announcement • Apr 17
Like, Inc. Announces Major Personnel Changes, Effective June 1, 2025 LIKE, Inc. at its board meeting held on April 17, 2025, approved to make the following major personnel changes (as of June 1, 2025): The Director in charge of LIKE Care, Inc. is Hirotaka Okamoto, who was Director, in charge of group company management previously. Additionally, Shino Muranishi is now the Director, head of compliance, and in charge of LIKE Kids, Inc. and LIKE Staffing, Inc. who was only Director, head of compliance previously. Reported Earnings • Apr 12
Third quarter 2025 earnings released: EPS: JP¥19.96 (vs JP¥15.01 in 3Q 2024) Third quarter 2025 results: EPS: JP¥19.96 (up from JP¥15.01 in 3Q 2024). Revenue: JP¥14.9b (up 2.3% from 3Q 2024). Net income: JP¥383.0m (up 33% from 3Q 2024). Profit margin: 2.6% (up from 2.0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 11% per year. Announcement • Mar 02
LIKE Co., Ltd. to Report Q3, 2025 Results on Apr 11, 2025 LIKE Co., Ltd. announced that they will report Q3, 2025 results on Apr 11, 2025 Declared Dividend • Feb 11
First half dividend of JP¥29.00 announced Shareholders will receive a dividend of JP¥29.00. Ex-date: 29th May 2025 Payment date: 1st September 2025 Dividend yield will be 4.1%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (75% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 6.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 15
Second quarter 2025 earnings released: EPS: JP¥14.28 (vs JP¥27.46 in 2Q 2024) Second quarter 2025 results: EPS: JP¥14.28 (down from JP¥27.46 in 2Q 2024). Revenue: JP¥14.7b (up 1.0% from 2Q 2024). Net income: JP¥274.0m (down 48% from 2Q 2024). Profit margin: 1.9% (down from 3.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% 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. Upcoming Dividend • Nov 21
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 28 November 2024. Payment date: 13 February 2025. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (0.9%). Reported Earnings • Oct 16
First quarter 2025 earnings released: EPS: JP¥8.65 (vs JP¥8.44 in 1Q 2024) First quarter 2025 results: EPS: JP¥8.65 (up from JP¥8.44 in 1Q 2024). Revenue: JP¥14.3b (flat on 1Q 2024). Net income: JP¥166.0m (up 2.5% from 1Q 2024). Profit margin: 1.2% (up from 1.1% in 1Q 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Declared Dividend • Sep 19
Final dividend of JP¥29.00 announced Shareholders will receive a dividend of JP¥29.00. Ex-date: 28th November 2024 Payment date: 13th February 2025 Dividend yield will be 4.0%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (45% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 34% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 21
LIKE Co., Ltd. to Report Q1, 2025 Results on Oct 11, 2024 LIKE Co., Ltd. announced that they will report Q1, 2025 results on Oct 11, 2024 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¥1,218, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 15x in the Professional Services industry in Japan. Total loss to shareholders of 29% over the past three years. Buy Or Sell Opportunity • Jul 25
Now 20% overvalued Over the last 90 days, the stock has fallen 15% to JP¥1,441. The fair value is estimated to be JP¥1,197, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 13%. Revenue is forecast to grow by 7.5% in 2 years. Earnings are forecast to grow by 39% in the next 2 years. Reported Earnings • Jul 16
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥128 (down from JP¥134 in FY 2023). Revenue: JP¥60.5b (flat on FY 2023). Net income: JP¥2.45b (down 4.7% from FY 2023). Profit margin: 4.0% (down from 4.3% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 14% per year. Announcement • Jul 13
LIKE Co., Ltd., Annual General Meeting, Aug 29, 2024 LIKE Co., Ltd., Annual General Meeting, Aug 29, 2024. Upcoming Dividend • May 23
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 02 September 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.0%). Announcement • May 10
LIKE Co., Ltd. to Report Fiscal Year 2024 Results on Jul 12, 2024 LIKE Co., Ltd. announced that they will report fiscal year 2024 results on Jul 12, 2024 Reported Earnings • Apr 11
Third quarter 2024 earnings released: EPS: JP¥15.01 (vs JP¥8.49 in 3Q 2023) Third quarter 2024 results: EPS: JP¥15.01 (up from JP¥8.49 in 3Q 2023). Revenue: JP¥14.6b (flat on 3Q 2023). Net income: JP¥288.0m (up 77% from 3Q 2023). Profit margin: 2.0% (up from 1.1% in 3Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year. Announcement • Feb 04
LIKE Co., Ltd. to Report Q3, 2024 Results on Apr 10, 2024 LIKE Co., Ltd. announced that they will report Q3, 2024 results on Apr 10, 2024 Reported Earnings • Jan 14
Second quarter 2024 earnings released: EPS: JP¥27.46 (vs JP¥19.80 in 2Q 2023) Second quarter 2024 results: EPS: JP¥27.46 (up from JP¥19.80 in 2Q 2023). Revenue: JP¥14.6b (flat on 2Q 2023). Net income: JP¥527.0m (up 39% from 2Q 2023). Profit margin: 3.6% (up from 2.6% in 2Q 2023). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥29.00 per share at 4.1% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 13 February 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Announcement • Nov 17
LIKE Co., Ltd. to Report Q2, 2024 Results on Jan 12, 2024 LIKE Co., Ltd. announced that they will report Q2, 2024 results on Jan 12, 2024 Reported Earnings • Oct 12
First quarter 2024 earnings released: EPS: JP¥8.44 (vs JP¥17.20 in 1Q 2023) First quarter 2024 results: EPS: JP¥8.44 (down from JP¥17.20 in 1Q 2023). Revenue: JP¥14.3b (flat on 1Q 2023). Net income: JP¥162.0m (down 51% from 1Q 2023). Profit margin: 1.1% (down from 2.3% in 1Q 2023). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 05
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥134 (down from JP¥171 in FY 2022). Revenue: JP¥60.0b (up 4.1% from FY 2022). Net income: JP¥2.57b (down 21% from FY 2022). Profit margin: 4.3% (down from 5.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Aug 19
LIKE Co., Ltd. to Report Q1, 2024 Results on Oct 11, 2023 LIKE Co., Ltd. announced that they will report Q1, 2024 results on Oct 11, 2023 Announcement • Jul 16
LIKE Co., Ltd., Annual General Meeting, Aug 30, 2023 LIKE Co., Ltd., Annual General Meeting, Aug 30, 2023. Reported Earnings • Jul 16
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥134 (down from JP¥171 in FY 2022). Revenue: JP¥60.0b (up 4.1% from FY 2022). Net income: JP¥2.57b (down 21% from FY 2022). Profit margin: 4.3% (down from 5.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 23
Upcoming dividend of JP¥27.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.2%). Reported Earnings • Apr 12
Third quarter 2023 earnings released: EPS: JP¥8.49 (vs JP¥26.30 in 3Q 2022) Third quarter 2023 results: EPS: JP¥8.49 (down from JP¥26.30 in 3Q 2022). Revenue: JP¥14.5b (up 2.3% from 3Q 2022). Net income: JP¥163.0m (down 68% from 3Q 2022). Profit margin: 1.1% (down from 3.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year. Announcement • Feb 09
LIKE Co., Ltd. to Report Q3, 2023 Results on Apr 10, 2023 LIKE Co., Ltd. announced that they will report Q3, 2023 results on Apr 10, 2023 Reported Earnings • Jan 11
Second quarter 2023 earnings released: EPS: JP¥19.80 (vs JP¥20.56 in 2Q 2022) Second quarter 2023 results: EPS: JP¥19.80 (down from JP¥20.56 in 2Q 2022). Revenue: JP¥14.5b (up 6.0% from 2Q 2022). Net income: JP¥380.0m (down 3.3% from 2Q 2022). Profit margin: 2.6% (down from 2.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 10 February 2023. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.3%). 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. 4 experienced directors. 4 highly experienced directors. No independent directors (8 non-independent directors). External Director Kiyotaka Yoko was the last director to join the board, commencing their role in 2016. 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 30
LIKE Co., Ltd. to Report Q2, 2023 Results on Jan 10, 2023 LIKE Co., Ltd. announced that they will report Q2, 2023 results on Jan 10, 2023 Reported Earnings • Oct 13
First quarter 2023 earnings released: EPS: JP¥17.20 (vs JP¥33.01 in 1Q 2022) First quarter 2023 results: EPS: JP¥17.20 (down from JP¥33.01 in 1Q 2022). Revenue: JP¥14.2b (up 5.1% from 1Q 2022). Net income: JP¥330.0m (down 48% from 1Q 2022). Profit margin: 2.3% (down from 4.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% 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 • Sep 04
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥171. Revenue: JP¥57.6b (up 6.2% from FY 2021). Net income: JP¥3.27b (flat on FY 2021). Profit margin: 5.7% (down from 6.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 6.4%, compared to a 14% growth forecast for the Professional Services industry in Japan. Announcement • Aug 24
LIKE Co., Ltd. to Report Q1, 2023 Results on Oct 11, 2022 LIKE Co., Ltd. announced that they will report Q1, 2023 results on Oct 11, 2022 Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥2,279, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 21x in the Professional Services industry in Japan. Total returns to shareholders of 33% over the past three years. Announcement • Jul 13
LIKE Co., Ltd., Annual General Meeting, Aug 30, 2022 LIKE Co., Ltd., Annual General Meeting, Aug 30, 2022. Reported Earnings • Jul 13
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥171. Revenue: JP¥57.6b (up 6.2% from FY 2021). Net income: JP¥3.27b (flat on FY 2021). Profit margin: 5.7% (down from 6.0% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 6.7%, compared to a 14% growth forecast for the industry in Japan. Upcoming Dividend • May 23
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.0%). Announcement • May 12
LIKE Co., Ltd. to Report Fiscal Year 2022 Results on Jul 11, 2022 LIKE Co., Ltd. announced that they will report fiscal year 2022 results on Jul 11, 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. 5 experienced directors. 3 highly experienced directors. No independent directors (8 non-independent directors). External Director Kiyotaka Yoko was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 12
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥26.30 (down from JP¥31.23 in 3Q 2021). Revenue: JP¥14.2b (up 7.7% from 3Q 2021). Net income: JP¥503.0m (down 16% from 3Q 2021). Profit margin: 3.6% (down from 4.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Over the next year, revenue is forecast to grow 8.0%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
LIKE Co., Ltd. to Report Q3, 2022 Results on Apr 11, 2022 LIKE Co., Ltd. announced that they will report Q3, 2022 results on Apr 11, 2022 Reported Earnings • Jan 12
Second quarter 2022 earnings: EPS exceeds analyst expectations Second quarter 2022 results: EPS: JP¥20.56 (down from JP¥21.83 in 2Q 2021). Revenue: JP¥13.7b (up 5.3% from 2Q 2021). Net income: JP¥393.0m (down 5.5% from 2Q 2021). Profit margin: 2.9% (down from 3.2% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 23%. Earnings per share (EPS) surpassed analyst estimates by 23%. Over the next year, revenue is forecast to grow 8.0%, compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 10 February 2022. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (0.6%). Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥1,654, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 26x in the Professional Services industry in Japan. Total returns to shareholders of 4.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,178 per share. Reported Earnings • Oct 12
First quarter 2022 earnings released: EPS JP¥33.01 (vs JP¥22.02 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥13.5b (up 2.6% from 1Q 2021). Net income: JP¥631.0m (up 51% from 1Q 2021). Profit margin: 4.7% (up from 3.2% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 33% 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 • Jul 15
Full year 2021 earnings released: EPS JP¥171 (vs JP¥94.40 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥54.3b (up 6.3% from FY 2020). Net income: JP¥3.26b (up 82% from FY 2020). Profit margin: 6.0% (up from 3.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 22
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 28 August 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (0.8%). Reported Earnings • Apr 15
Third quarter 2021 earnings released: EPS JP¥31.23 (vs JP¥10.51 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥13.1b (up 2.9% from 3Q 2020). Net income: JP¥596.0m (up 198% from 3Q 2020). Profit margin: 4.5% (up from 1.6% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Feb 05
LIKE Co., Ltd. to Report Q3, 2021 Results on Apr 12, 2021 LIKE Co., Ltd. announced that they will report Q3, 2021 results on Apr 12, 2021 Analyst Estimate Surprise Post Earnings • Jan 15
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 0.4%. Earnings per share (EPS) exceeded analyst estimates by 17%. Over the next year, revenue is forecast to grow 5.3%, compared to a 4.6% growth forecast for the Professional Services industry in Japan. Reported Earnings • Jan 14
Second quarter 2021 earnings released: EPS JP¥21.83 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥13.0b (up 5.3% from 2Q 2020). Net income: JP¥416.0m (up 70% from 2Q 2020). Profit margin: 3.2% (up from 2.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 13
New 90-day low: JP¥1,921 The company is down 3.0% from its price of JP¥1,988 on 15 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥551 per share. Is New 90 Day High Low • Dec 28
New 90-day low: JP¥1,962 The company is down 2.0% from its price of JP¥2,008 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 Professional Services industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥545 per share. Announcement • Aug 26
LIKE Co., Ltd. to Report Q1, 2021 Results on Oct 09, 2020 LIKE Co., Ltd. announced that they will report Q1, 2021 results on Oct 09, 2020 Announcement • Jul 22
LIKE Co., Ltd. (TSE:2462) completed the acquisition of an additional 43.37% stake in LIKE Kids,Inc. (TSE:6065) for ¥4.6 billion. LIKE Co., Ltd. (TSE:2462) made a bid to acquire remaining 49.89% stake in LIKE Kids,Inc. (TSE:6065) for ¥5.3 billion on June 9, 2020. Under the terms of the transaction, LIKE Co., Ltd will acquire remaining 5.2 million shares of LIKE Kids for ¥1005 per share in cash. When the total number of shares that have been tendered for the tender offer does not reach the minimum planned number of shares to be purchased, all of the tendered share certificates, etc. will not be purchased. The minimum number of shares planned to be purchased are 1.2 million shares, representing 11.83% stake in LIKE Kids. LIKE Co. plans to borrow all the funds to be used for the settlement related to the transaction from Sumitomo Mitsui Banking Corporation. After closing, LIKE Kids will operate as wholly owned subsidiary of LIKE Co., Ltd.
LIKE Kids’ Board of Directors meeting held on June 9, 2020 and expressed its supportive opinion regarding the tender offer and recommended that all shareholders to apply for the tender offer. The transaction is not intended to solicit the approval of LIKE Kids’ shareholders at the extraordinary general meeting of shareholders. Tender offer will run from June 10, 2020 to July 21, 2020. Plutus Consulting Co., Ltd. acted as financial advisor and Nishimura & Asahi acted as legal advisor to Special Committee formed by LIKE Kids to advice in the transaction. SMBC Nikko Securities acted as financial advisor and tender offer agent while TMI Associates acted as legal advisor to LIKE Co., Ltd.
LIKE Co., Ltd. (TSE:2462) completed the acquisition of an additional 43.37% stake in LIKE Kids,Inc. (TSE:6065) for ¥4.6 billion on July 21, 2020. A total of 4.5 million shares were acquired in the transaction and LIKE Co., Ltd. now holds 93.5% stake in LIKE Kids. The payment start date for the tender offer is July 29, 2020. Announcement • Jun 17
LIKE Co., Ltd. (TSE:2462) made a bid to acquire remaining 49.89% stake in LIKE Kids,Inc. (TSE:6065) for ¥5.3 billion. LIKE Co., Ltd. (TSE:2462) made a bid to acquire remaining 49.89% stake in LIKE Kids,Inc. (TSE:6065) for ¥5.3 billion on June 9, 2020. Under the terms of the transaction, LIKE Co., Ltd will acquire remaining 5,230,136 shares of LIKE Kids for ¥1005 per share. When the total number of shares that have been tendered for the tender offer does not reach the minimum planned number of shares to be purchased, all of the tendered share certificates, etc. will not be purchased. The minimum number of shares planned to be purchased, 1,240,205 shares, representing 11.83% stake in LIKE Kids. After closing, LIKE Kids,Inc. will operate as wholly owned subsidiary of LIKE Co., Ltd. LIKE Co. plans to borrow all the funds to be used for the settlement related to the transaction from Sumitomo Mitsui Banking Corporation. LIKE Kids’ board of directors meeting held on June 9, 2020 and expressed its supportive opinion regarding the tender offer and recommended that all shareholders to apply for the tender offer. The transaction is not intended to solicit the approval of LIKE Kids’ shareholders at the extraordinary general meeting of shareholders. Tender offer will run from June 10, 2020 to July 21, 2020. Plutus Consulting Co., Ltd. acted as financial advisor and Nishimura & Asahi acted as legal advisor to Special Committee formed by LIKE Kids to advice in the transaction. SMBC Nikko Securities acted as financial advisor and TMI Associates acted as legal advisor to LIKE Co., Ltd.