Announcement • Jun 03
Densan Co., Ltd. to Report Q1, 2027 Results on Jul 31, 2026 Densan Co., Ltd. announced that they will report Q1, 2027 results on Jul 31, 2026 Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥794 (vs JP¥317 in FY 2025) Full year 2026 results: EPS: JP¥794 (up from JP¥317 in FY 2025). Revenue: JP¥28.0b (up 49% from FY 2025). Net income: JP¥4.48b (up 143% from FY 2025). Profit margin: 16% (up from 9.8% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • May 18
Densan Co., Ltd., Annual General Meeting, Jun 26, 2026 Densan Co., Ltd., Annual General Meeting, Jun 26, 2026. New Risk • May 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.6b (US$85.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (JP¥13.6b market cap, or US$85.7m). Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥2,453, the stock trades at a trailing P/E ratio of 3.6x. Average trailing P/E is 13x in the Professional Services industry in Japan. Total returns to shareholders of 66% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥123 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 11 June 2026. Payout ratio is a comfortable 3.0% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥3,625, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 14x in the Professional Services industry in Japan. Total returns to shareholders of 142% over the past three years. New Risk • Feb 02
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 7.8% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥250 (vs JP¥62.11 in 3Q 2025) Third quarter 2026 results: EPS: JP¥250 (up from JP¥62.11 in 3Q 2025). Revenue: JP¥7.36b (up 74% from 3Q 2025). Net income: JP¥1.39b (up 284% from 3Q 2025). Profit margin: 19% (up from 8.5% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 24% per year. Announcement • Dec 02
Densan Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026 Densan Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Reported Earnings • Nov 02
Second quarter 2026 earnings released: EPS: JP¥196 (vs JP¥25.86 in 2Q 2025) Second quarter 2026 results: EPS: JP¥196 (up from JP¥25.86 in 2Q 2025). Revenue: JP¥6.36b (up 72% from 2Q 2025). Net income: JP¥1.11b (up JP¥957.0m from 2Q 2025). Profit margin: 17% (up from 4.0% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 09 December 2025. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.2%). New Risk • Sep 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.9% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥3,160, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 17x in the Professional Services industry in Japan. Total returns to shareholders of 88% over the past three years. Announcement • Sep 05
Densan Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025 Densan Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 New Risk • Aug 22
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.9b (US$100.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (JP¥14.9b market cap, or US$100.0m). Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥8.95 (vs JP¥12.95 in 1Q 2025) First quarter 2026 results: EPS: JP¥8.95 (down from JP¥12.95 in 1Q 2025). Revenue: JP¥4.24b (up 18% from 1Q 2025). Net income: JP¥52.0m (down 31% from 1Q 2025). Profit margin: 1.2% (down from 2.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 7% per year. Announcement • Jul 31
Densan Co., Ltd. (TSE:3640) announces an Equity Buyback for 270,000 shares, representing 4.65% for ¥808.65 million. Densan Co., Ltd. (TSE:3640) announces a share repurchase program. Under the program, the company will repurchase up to 270,000 shares, representing 4.65% of its issued share capital for ¥808.65 million. The shares will be repurchased at a price of ¥2,995 per share. The purpose of the program is to implement flexible capital policies in response to changes in the business environment and to provide returns to shareholders. As of March 31, 2025, the company had 5,810,469 issued shares (excluding treasury shares) and 26,731 treasury shares. Announcement • Jun 03
Densan Co., Ltd. to Report Q1, 2026 Results on Jul 31, 2025 Densan Co., Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 20
Full year 2025 earnings released: EPS: JP¥317 (vs JP¥169 in FY 2024) Full year 2025 results: EPS: JP¥317 (up from JP¥169 in FY 2024). Revenue: JP¥18.7b (up 17% from FY 2024). Net income: JP¥1.84b (up 105% from FY 2024). Profit margin: 9.8% (up from 5.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 16
Densan Co., Ltd., Annual General Meeting, Jun 26, 2025 Densan Co., Ltd., Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥1,968, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 16x in the Professional Services industry in Japan. Total loss to shareholders of 4.9% over the past three years. New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.6% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risk Market cap is less than US$100m (JP¥7.80b market cap, or US$53.3m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,370, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 14x in the Professional Services industry in Japan. Total loss to shareholders of 34% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 12 June 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.1%). Announcement • Mar 18
Densan Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 Densan Co., Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 New Risk • Feb 03
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 6.2% 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 Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (JP¥10.0b market cap, or US$64.9m). Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥62.11 (vs JP¥14.24 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥62.11 (up from JP¥14.24 loss in 3Q 2024). Revenue: JP¥4.23b (up 21% from 3Q 2024). Net income: JP¥361.0m (up JP¥438.0m from 3Q 2024). Profit margin: 8.5% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Jan 03
Densan Co., Ltd. to Report Q3, 2025 Results on Jan 31, 2025 Densan Co., Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥25.85 (vs JP¥1.39 in 2Q 2024) Second quarter 2025 results: EPS: JP¥25.85 (up from JP¥1.39 in 2Q 2024). Revenue: JP¥3.71b (up 8.9% from 2Q 2024). Net income: JP¥150.0m (up JP¥143.0m from 2Q 2024). Profit margin: 4.0% (up from 0.2% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 December 2024. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.0%). Announcement • Sep 07
Densan Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024 Densan Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥12.95 (vs JP¥9.57 in 1Q 2024) First quarter 2025 results: EPS: JP¥12.95 (up from JP¥9.57 in 1Q 2024). Revenue: JP¥3.59b (down 1.5% from 1Q 2024). Net income: JP¥75.0m (up 56% from 1Q 2024). Profit margin: 2.1% (up from 1.3% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Jun 15
Densan Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024 Densan Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥169 (vs JP¥321 in FY 2023) Full year 2024 results: EPS: JP¥169 (down from JP¥321 in FY 2023). Revenue: JP¥16.0b (down 10% from FY 2023). Net income: JP¥898.0m (down 44% from FY 2023). Profit margin: 5.6% (down from 9.0% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • May 17
Densan Co., Ltd., Annual General Meeting, Jun 27, 2024 Densan Co., Ltd., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 12 June 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.1%). Announcement • Mar 13
Densan Co., Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 Densan Co., Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: JP¥14.24 loss per share (vs JP¥45.63 profit in 3Q 2023) Third quarter 2024 results: JP¥14.24 loss per share (down from JP¥45.63 profit in 3Q 2023). Revenue: JP¥3.49b (down 11% from 3Q 2023). Net loss: JP¥77.0m (down 134% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Dec 03
Densan Co., Ltd. to Report Q3, 2024 Results on Jan 30, 2024 Densan Co., Ltd. announced that they will report Q3, 2024 results on Jan 30, 2024 New Risk • Nov 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (JP¥8.72b market cap, or US$58.7m). Announcement • Nov 02
Densan Co., Ltd. announced that it expects to receive ¥124.4 million in funding from Toppan Edge Services Inc. Densan Co., Ltd. announced a private placement to issue 80,000 shares at an issue roice of ¥1,555 per share for the gross proceeds of ¥124,400,000 on October 31, 2023. The transaction will include participation from new investor Toppan Edge Services Inc. The transaction has been has been approved by the shareholders of company and is expected to close on November 17, 2023. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥17.00 per share at 2.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 12 December 2023. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.3%). Announcement • Sep 10
Densan Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023 Densan Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥9.57 (vs JP¥10.99 in 1Q 2023) First quarter 2024 results: EPS: JP¥9.57 (down from JP¥10.99 in 1Q 2023). Revenue: JP¥3.64b (up 1.2% from 1Q 2023). Net income: JP¥48.0m (down 13% from 1Q 2023). Profit margin: 1.3% (down from 1.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jun 07
Densan Co., Ltd. to Report Q1, 2024 Results on Jul 28, 2023 Densan Co., Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023 Announcement • May 17
Densan Co., Ltd., Annual General Meeting, Jun 28, 2023 Densan Co., Ltd., Annual General Meeting, Jun 28, 2023. Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥321 (vs JP¥172 in FY 2022) Full year 2023 results: EPS: JP¥321 (up from JP¥172 in FY 2022). Revenue: JP¥17.8b (up 2.9% from FY 2022). Net income: JP¥1.61b (up 88% from FY 2022). Profit margin: 9.0% (up from 5.0% in FY 2022). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥28.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 13 June 2023. Payout ratio is a comfortable 9.1% and the cash payout ratio is 86%. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥1,999, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 19x in the Professional Services industry in Japan. Total loss to shareholders of 6.9% over the past three years. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥45.62 (vs JP¥9.19 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥45.62 (up from JP¥9.19 loss in 3Q 2022). Revenue: JP¥3.91b (up 21% from 3Q 2022). Net income: JP¥229.0m (up JP¥275.0m from 3Q 2022). Profit margin: 5.9% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Dec 02
Densan Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023 Densan Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: JP¥19.94 (vs JP¥29.99 in 2Q 2022) Second quarter 2023 results: EPS: JP¥19.94 (down from JP¥29.99 in 2Q 2022). Revenue: JP¥3.61b (up 2.2% from 2Q 2022). Net income: JP¥100.0m (down 33% from 2Q 2022). Profit margin: 2.8% (down from 4.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 7 experienced directors. 4 highly experienced directors. 2 independent directors (8 non-independent directors). Independent External Director Hideaki Kobayashi was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥19.94 (vs JP¥29.99 in 2Q 2022) Second quarter 2023 results: EPS: JP¥19.94 (down from JP¥29.99 in 2Q 2022). Revenue: JP¥3.61b (up 2.2% from 2Q 2022). Net income: JP¥100.0m (down 33% from 2Q 2022). Profit margin: 2.8% (down from 4.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Announcement • Sep 04
Densan Co., Ltd. to Report Q2, 2023 Results on Oct 28, 2022 Densan Co., Ltd. announced that they will report Q2, 2023 results on Oct 28, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥10.99 (vs JP¥28.62 in 1Q 2022) First quarter 2023 results: EPS: JP¥10.99 (down from JP¥28.62 in 1Q 2022). Revenue: JP¥3.60b (flat on 1Q 2022). Net income: JP¥55.0m (down 62% from 1Q 2022). Profit margin: 1.5% (down from 4.0% in 1Q 2022). Announcement • Jun 11
Densan Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022 Densan Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥172 (vs JP¥110 in FY 2021) Full year 2022 results: EPS: JP¥172 (up from JP¥110 in FY 2021). Revenue: JP¥17.3b (up 7.5% from FY 2021). Net income: JP¥859.0m (up 43% from FY 2021). Profit margin: 5.0% (up from 3.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 15
Densan Co., Ltd., Annual General Meeting, Jun 28, 2022 Densan Co., Ltd., Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. 3 independent directors (8 non-independent directors). Independent External Director Hideaki Kobayashi was the last independent director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 08
Densan Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Densan Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (1.5%). Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥9.19 loss per share (up from JP¥18.27 loss in 3Q 2021). Revenue: JP¥3.22b (up 2.8% from 3Q 2021). Net loss: JP¥46.0m (loss narrowed 55% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 101% 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 • Sep 22
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥28.62 (vs JP¥29.61 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥3.59b (up 1.4% from 1Q 2021). Net income: JP¥143.0m (down 13% from 1Q 2021). Profit margin: 4.0% (down from 4.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥110 (vs JP¥46.88 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥16.1b (up 8.3% from FY 2020). Net income: JP¥599.0m (up 130% from FY 2020). Profit margin: 3.7% (up from 1.8% in FY 2020). The increase in margin was driven by higher revenue. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 11 June 2021. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (1.3%). Announcement • Mar 20
Densan Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 Densan Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Reported Earnings • Feb 20
Third quarter 2021 earnings released: JP¥18.27 loss per share (vs JP¥67.29 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥3.13b (down 35% from 3Q 2020). Net loss: JP¥102.0m (down 127% from profit in 3Q 2020). Is New 90 Day High Low • Feb 15
New 90-day high: JP¥2,585 The company is up 8.0% from its price of JP¥2,394 on 17 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 9.0% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: JP¥18.26 loss per share (vs JP¥67.29 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥3.13b (down 35% from 3Q 2020). Net loss: JP¥102.0m (down 127% from profit in 3Q 2020). Is New 90 Day High Low • Jan 21
New 90-day high: JP¥2,487 The company is up 4.0% from its price of JP¥2,381 on 23 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 6.0% over the same period. Announcement • Dec 05
Densan Co., Ltd. to Report Q3, 2021 Results on Jan 29, 2021 Densan Co., Ltd. announced that they will report Q3, 2021 results on Jan 29, 2021