Reported Earnings • Apr 15
First quarter 2026 earnings released: JP¥0.87 loss per share (vs JP¥1.24 profit in 1Q 2025) First quarter 2026 results: JP¥0.87 loss per share (down from JP¥1.24 profit in 1Q 2025). Revenue: JP¥5.94b (down 3.1% from 1Q 2025). Net loss: JP¥68.0m (down 169% from profit in 1Q 2025). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Announcement • Apr 03
S-Pool, Inc. to Report Q1, 2026 Results on Apr 14, 2026 S-Pool, Inc. announced that they will report Q1, 2026 results on Apr 14, 2026 Board Change • Mar 03
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Audit & Supervisory Board Member Noboru Yamashita was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Price Target Changed • Jan 24
Price target decreased by 25% to JP¥270 Down from JP¥360, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥263. Stock is down 6.7% over the past year. The company is forecast to post earnings per share of JP¥20.50 for next year compared to JP¥18.44 last year. Reported Earnings • Jan 15
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥18.44 (down from JP¥26.57 in FY 2024). Revenue: JP¥26.0b (up 1.9% from FY 2024). Net income: JP¥1.44b (down 31% from FY 2024). Profit margin: 5.5% (down from 8.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 22%. Revenue is forecast to grow 7.1% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Upcoming Dividend • Nov 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 November 2025. Payment date: 02 March 2026. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.3%). Announcement • Oct 30
S-Pool, Inc. to Report Fiscal Year 2025 Results on Jan 14, 2026 S-Pool, Inc. announced that they will report fiscal year 2025 results on Jan 14, 2026 Reported Earnings • Oct 15
Third quarter 2025 earnings released: EPS: JP¥4.43 (vs JP¥4.60 in 3Q 2024) Third quarter 2025 results: EPS: JP¥4.43 (down from JP¥4.60 in 3Q 2024). Revenue: JP¥6.40b (up 5.1% from 3Q 2024). Net income: JP¥346.0m (down 4.7% from 3Q 2024). Profit margin: 5.4% (down from 6.0% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 14
Dividend of JP¥10.00 announced Dividend of JP¥10.00 is the same as last year. Ex-date: 27th November 2025 Payment date: 2nd March 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 38% 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 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 12
First quarter 2025 earnings released: EPS: JP¥1.24 (vs JP¥3.30 in 1Q 2024) First quarter 2025 results: EPS: JP¥1.24 (down from JP¥3.30 in 1Q 2024). Revenue: JP¥6.13b (up 8.4% from 1Q 2024). Net income: JP¥98.0m (down 63% from 1Q 2024). Profit margin: 1.6% (down from 4.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 40% per year, which means it is performing significantly worse than earnings. 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¥249, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 13x in the Professional Services industry in Japan. Total loss to shareholders of 80% over the past three years. Reported Earnings • Mar 04
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥26.57 (up from JP¥21.90 in FY 2023). Revenue: JP¥25.6b (flat on FY 2023). Net income: JP¥2.10b (up 21% from FY 2023). Profit margin: 8.2% (up from 6.7% in FY 2023). Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 4.4%. Revenue is forecast to grow 6.6% 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 8% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Announcement • Feb 26
S-Pool, Inc. (TSE:2471) announces an Equity Buyback for 900,000 shares, for ¥273.6 million. S-Pool, Inc. (TSE:2471) announces a share repurchase program. Under the program, the company will repurchase up to 900,000 shares, representing 1.13% of the outstanding shares for ¥273.6 million. The shares will be repurchased at a purchase price of ¥304 per share. The purpose of the program is to enhance shareholder returns and improve capital efficiency. Reported Earnings • Jan 15
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥26.57 (up from JP¥21.90 in FY 2023). Revenue: JP¥25.6b (flat on FY 2023). Net income: JP¥2.10b (up 21% from FY 2023). Profit margin: 8.2% (up from 6.7% in FY 2023). Revenue missed analyst estimates by 7.7%. Earnings per share (EPS) also missed analyst estimates by 4.4%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 36% per year, which means it is performing significantly worse than earnings. Announcement • Jan 14
S-Pool, Inc., Annual General Meeting, Feb 27, 2025 S-Pool, Inc., Annual General Meeting, Feb 27, 2025. New Risk • Jan 04
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 5.0% 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: Minor Risks High level of debt (72% net debt to equity). Share price has been volatile over the past 3 months (5.0% average weekly change). Announcement • Nov 28
S-Pool, Inc. to Report Fiscal Year 2024 Results on Jan 14, 2025 S-Pool, Inc. announced that they will report fiscal year 2024 results on Jan 14, 2025 Upcoming Dividend • Nov 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 November 2024. Payment date: 28 February 2025. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (0.9%). Reported Earnings • Oct 16
Third quarter 2024 earnings released: EPS: JP¥4.60 (vs JP¥4.49 in 3Q 2023) Third quarter 2024 results: EPS: JP¥4.60 (up from JP¥4.49 in 3Q 2023). Revenue: JP¥6.09b (down 2.2% from 3Q 2023). Net income: JP¥363.0m (up 2.3% from 3Q 2023). Profit margin: 6.0% (up from 5.7% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 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 10% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Announcement • Aug 27
S-Pool, Inc. to Report Q3, 2024 Results on Oct 11, 2024 S-Pool, Inc. announced that they will report Q3, 2024 results on Oct 11, 2024 New Risk • Aug 05
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 6.8% 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: Minor Risks High level of debt (66% net debt to equity). Share price has been volatile over the past 3 months (6.8% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to JP¥236, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Professional Services industry in Japan. Total loss to shareholders of 74% over the past three years. Reported Earnings • Jul 16
Second quarter 2024 earnings released: EPS: JP¥5.35 (vs JP¥9.39 in 2Q 2023) Second quarter 2024 results: EPS: JP¥5.35 (down from JP¥9.39 in 2Q 2023). Revenue: JP¥6.44b (down 8.6% from 2Q 2023). Net income: JP¥423.0m (down 43% from 2Q 2023). Profit margin: 6.6% (down from 11% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 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 6% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Declared Dividend • Jul 15
Dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 28th November 2024 Payment date: 28th February 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 38% 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 47% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 29
S-Pool, Inc. to Report Q2, 2024 Results on Jul 12, 2024 S-Pool, Inc. announced that they will report Q2, 2024 results on Jul 12, 2024 Major Estimate Revision • May 02
Consensus EPS estimates fall by 11% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥24.43 to JP¥21.80. Revenue forecast unchanged from JP¥25.8b at last update. Net income forecast to grow 16% next year vs 15% growth forecast for Professional Services industry in Japan. Consensus price target of JP¥560 unchanged from last update. Share price was steady at JP¥299 over the past week. Reported Earnings • Apr 14
First quarter 2024 earnings released: EPS: JP¥3.30 (vs JP¥3.65 in 1Q 2023) First quarter 2024 results: EPS: JP¥3.30 (down from JP¥3.65 in 1Q 2023). Revenue: JP¥5.66b (down 7.1% from 1Q 2023). Net income: JP¥261.0m (down 9.4% from 1Q 2023). Profit margin: 4.6% (down from 4.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 01
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥21.90 (down from JP¥22.90 in FY 2022). Revenue: JP¥25.8b (down 3.2% from FY 2022). Net income: JP¥1.73b (down 4.4% from FY 2022). Profit margin: 6.7% (down from 6.8% in FY 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.8% 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 30% per year, which means it is significantly lagging earnings. Announcement • Jan 28
S-Pool, Inc. to Report Q1, 2024 Results on Apr 12, 2024 S-Pool, Inc. announced that they will report Q1, 2024 results on Apr 12, 2024 Major Estimate Revision • Jan 21
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥30.5b to JP¥27.7b. EPS estimate also fell from JP¥34.51 per share to JP¥27.80 per share. Net income forecast to grow 8.6% next year vs 18% growth forecast for Professional Services industry in Japan. Consensus price target down from JP¥1,000 to JP¥560. Share price fell 27% to JP¥308 over the past week. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to JP¥308, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the Professional Services industry in Japan. Total loss to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥219 per share. Reported Earnings • Jan 14
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥25.64 (up from JP¥22.90 in FY 2022). Revenue: JP¥25.8b (down 3.2% from FY 2022). Net income: JP¥2.03b (up 12% from FY 2022). Profit margin: 7.9% (up from 6.8% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.8%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 15% p.a. on average during the next 2 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 increased by 4% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Jan 14
S-Pool, Inc., Annual General Meeting, Feb 28, 2024 S-Pool, Inc., Annual General Meeting, Feb 28, 2024. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥10.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 29 November 2023. Payment date: 24 February 2024. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). New Risk • Oct 06
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 51% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (51% net debt to equity). Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.4% average weekly change). Reported Earnings • Oct 06
Third quarter 2023 earnings released: EPS: JP¥4.49 (vs JP¥5.24 in 3Q 2022) Third quarter 2023 results: EPS: JP¥4.49 (down from JP¥5.24 in 3Q 2022). Revenue: JP¥6.22b (down 2.1% from 3Q 2022). Net income: JP¥355.0m (down 14% from 3Q 2022). Profit margin: 5.7% (down from 6.5% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% 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 6% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥384, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 16x in the Professional Services industry in Japan. Total loss to shareholders of 50% over the past three years. Reported Earnings • Jul 07
Second quarter 2023 earnings released: EPS: JP¥9.39 (vs JP¥7.38 in 2Q 2022) Second quarter 2023 results: EPS: JP¥9.39 (up from JP¥7.38 in 2Q 2022). Revenue: JP¥7.04b (down 1.4% from 2Q 2022). Net income: JP¥742.0m (up 27% from 2Q 2022). Profit margin: 11% (up from 8.2% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 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 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥651, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Professional Services industry in Japan. Total returns to shareholders of 4.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,151 per share. Price Target Changed • Apr 12
Price target decreased by 11% to JP¥1,125 Down from JP¥1,267, the current price target is an average from 2 analysts. New target price is 76% above last closing price of JP¥639. Stock is down 53% over the past year. The company is forecast to post earnings per share of JP¥32.37 for next year compared to JP¥22.90 last year. Reported Earnings • Apr 08
First quarter 2023 earnings: EPS misses analyst expectations First quarter 2023 results: EPS: JP¥3.65 (down from JP¥5.66 in 1Q 2022). Revenue: JP¥6.09b (down 6.6% from 1Q 2022). Net income: JP¥288.0m (down 36% from 1Q 2022). Profit margin: 4.7% (down from 6.9% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%. Revenue is forecast to grow 13% 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 14% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Jan 19
Price target decreased to JP¥1,307 Down from JP¥1,473, the current price target is an average from 3 analysts. New target price is 78% above last closing price of JP¥736. Stock is down 35% over the past year. The company is forecast to post earnings per share of JP¥32.87 for next year compared to JP¥22.90 last year. Announcement • Jan 14
S-Pool, Inc., Annual General Meeting, Feb 22, 2023 S-Pool, Inc., Annual General Meeting, Feb 22, 2023. Reported Earnings • Jan 13
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥22.90 (down from JP¥23.81 in FY 2021). Revenue: JP¥26.7b (up 7.2% from FY 2021). Net income: JP¥1.81b (down 3.8% from FY 2021). Profit margin: 6.8% (down from 7.6% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 11% 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 20% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment deteriorated over the past week After last week's 22% share price decline to JP¥677, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Professional Services industry in Japan. Total loss to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,237 per share. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 November 2022. Payment date: 25 February 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.3%). Board Change • Nov 16
Insufficient new 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. 5 highly experienced directors. Standing Statutory Auditor Jin Xu was the last director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥901, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 20x in the Professional Services industry in Japan. Total returns to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,536 per share. Reported Earnings • Oct 05
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: JP¥5.24 (down from JP¥6.16 in 3Q 2021). Revenue: JP¥6.35b (flat on 3Q 2021). Net income: JP¥414.0m (down 15% from 3Q 2021). Profit margin: 6.5% (down from 7.6% in 3Q 2021). Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 13% 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 25% per year whereas the company’s share price has increased by 20% per year. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥976, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 22x in the Professional Services industry in Japan. Total returns to shareholders of 95% over the past three years. Reported Earnings • Jul 07
Second quarter 2022 earnings: EPS exceeds analyst expectations Second quarter 2022 results: EPS: JP¥7.38 (up from JP¥6.71 in 2Q 2021). Revenue: JP¥7.15b (up 15% from 2Q 2021). Net income: JP¥583.0m (up 10.0% from 2Q 2021). Profit margin: 8.2% (down from 8.5% 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 4.2%. Over the next year, revenue is forecast to grow 16%, compared to a 14% growth forecast for the 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 22% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Insufficient new 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. 5 highly experienced directors. Standing Statutory Auditor Jin Xu was the last director to join the board, commencing their role in 2007. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Price Target Changed • Apr 06
Price target increased to JP¥1,525 Up from JP¥1,375, the current price target is an average from 4 analysts. New target price is 16% above last closing price of JP¥1,315. Stock is up 21% over the past year. The company is forecast to post earnings per share of JP¥30.16 for next year compared to JP¥23.81 last year. Reported Earnings • Apr 06
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: JP¥5.66 (up from JP¥3.16 in 1Q 2021). Revenue: JP¥6.52b (up 21% from 1Q 2021). Net income: JP¥447.0m (up 79% from 1Q 2021). Profit margin: 6.9% (up from 4.6% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 44%. Over the next year, revenue is forecast to grow 16%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year whereas the company’s share price has increased by 34% per year. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,227, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 20x in the Professional Services industry in Japan. Total returns to shareholders of 200% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,151 per share. Reported Earnings • Mar 03
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: JP¥23.81 (up from JP¥20.00 in FY 2020). Revenue: JP¥24.9b (up 18% from FY 2020). Net income: JP¥1.88b (up 19% from FY 2020). Profit margin: 7.6% (up from 7.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 17%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 30
S-Pool, Inc. to Report Q1, 2022 Results on Apr 04, 2022 S-Pool, Inc. announced that they will report Q1, 2022 results on Apr 04, 2022 Reported Earnings • Jan 14
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: JP¥23.81 (up from JP¥20.00 in FY 2020). Revenue: JP¥24.9b (up 18% from FY 2020). Net income: JP¥1.88b (up 19% from FY 2020). Profit margin: 7.6% (up from 7.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%. Earnings per share (EPS) surpassed analyst estimates by 6.9%. Over the next year, revenue is forecast to grow 10%, compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 14
S-Pool, Inc. Provides Earnings Guidance for the Fiscal Year 2022 S-Pool, Inc. provided earnings guidance for the fiscal year 2022. For the period, the company expects net sales of JPY 28,770 million, Operating profit of JPY 3,200 million and Net income attributable to owners of the parent of JPY 2,133 million. Upcoming Dividend • Nov 22
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 29 November 2021. Payment date: 26 February 2022. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (0.6%). Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,162, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 25x in the Professional Services industry in Japan. Total returns to shareholders of 225% over the past three years. Reported Earnings • Oct 05
Third quarter 2021 earnings released: EPS JP¥6.16 (vs JP¥4.43 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥6.39b (up 16% from 3Q 2020). Net income: JP¥487.0m (up 39% from 3Q 2020). Profit margin: 7.6% (up from 6.4% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥1,089, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 25x in the Professional Services industry in Japan. Total returns to shareholders of 202% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,446 per share. Reported Earnings • Jul 08
Second quarter 2021 earnings released: EPS JP¥6.71 (vs JP¥4.89 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥6.23b (up 23% from 2Q 2020). Net income: JP¥530.0m (up 37% from 2Q 2020). Profit margin: 8.5% (up from 7.6% 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 38% per year whereas the company’s share price has increased by 42% per year. Announcement • Jul 03
S-Pool, Inc. Provides Consolidated Earnings Guidance for the Year Ending November 30, 2021 S-Pool, Inc. provided consolidated earnings guidance for the year ending November 30, 2021. For the year ending November 30, 2021, the company expects net sales of JPY 24,800 million, operating profit of JPY 2,500 million, ordinary profit of JPY 2,500 million, profit attributable to owners of parent of JPY 1,635 million. Reported Earnings • Apr 04
First quarter 2021 earnings released: EPS JP¥3.16 (vs JP¥3.82 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: JP¥5.41b (up 16% from 1Q 2020). Net income: JP¥250.0m (down 17% from 1Q 2020). Profit margin: 4.6% (down from 6.5% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 03
S-Pool, Inc. Provides Consolidated Earnings Guidance for the Six Months Ending May 2021 and Year Ending November 30, 2021 S-Pool, Inc. provided consolidated earnings guidance for the six months ending May 2021 and year ending November 30, 2021. For the six months ending May 2021, the company expects net sales of JPY 11,876 million, operating profit of JPY 1,100 million, ordinary profit of JPY 1,094 million, profit attributable to owners of parent of JPY 712 million and basic earnings per share of JPY 9.02.
For the year ending November 30, 2021, the company expects net sales of JPY 24,800 million, operating profit of JPY 2,500 million, ordinary profit of JPY 2,488 million, profit attributable to owners of parent of JPY 1,635 million and basic earnings per share of JPY 20.70. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥1,065, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 25x in the Professional Services industry in Japan. Total returns to shareholders of 354% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,122 per share. Reported Earnings • Mar 03
Full year 2020 earnings released: EPS JP¥20.00 (vs JP¥13.70 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥21.0b (up 20% from FY 2019). Net income: JP¥1.58b (up 46% from FY 2019). Profit margin: 7.5% (up from 6.2% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Mar 03
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 0.9%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Over the next year, revenue is forecast to grow 17%, compared to a 7.7% growth forecast for the Professional Services industry in Japan.