Live News • Jun 12
Visional Delivers Double-Digit Growth While Prioritizing Expansion Through Thinkings Acquisition Visional reported double-digit growth in both sales and profits for the first nine months of FY2026/7, with net sales up 24.3% year over year, supported by continued hiring demand and its HR Tech services such as BizReach and HRMOS.
The company completed its acquisition of Thinkings, Inc., adding new capabilities to its human capital management ecosystem and broadening its HR Tech portfolio.
Management kept full-year guidance unchanged and reiterated its policy to prioritize reinvestment and M&A over dividend payouts, even as the stock came under pressure while the broader Tokyo market rallied on AI and electronics strength.
The combination of strong reported growth, maintained guidance and ongoing reinvestment indicates that management is focused on expanding the HR Tech platform rather than near-term shareholder payouts.
For investors, the key trade-off to consider is the company’s reinvestment and acquisition focus compared with the recent share price weakness in a market that is currently rewarding other sectors. Reported Earnings • Jun 12
Third quarter 2026 earnings: EPS in line with expectations, revenues disappoint Third quarter 2026 results: EPS: JP¥120 (down from JP¥126 in 3Q 2025). Revenue: JP¥26.5b (up 21% from 3Q 2025). Net income: JP¥4.82b (down 3.8% from 3Q 2025). Profit margin: 18% (down from 23% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 14% 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 increased by 20% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • May 10
Visional, Inc. to Report Q3, 2026 Results on Jun 11, 2026 Visional, Inc. announced that they will report Q3, 2026 results at 3:00 PM, Tokyo Standard Time on Jun 11, 2026 Price Target Changed • May 04
Price target decreased by 7.6% to JP¥11,413 Down from JP¥12,350, the current price target is an average from 8 analysts. New target price is 54% above last closing price of JP¥7,429. Stock is down 15% over the past year. The company is forecast to post earnings per share of JP¥433 for next year compared to JP¥401 last year. Price Target Changed • Mar 19
Price target decreased by 8.1% to JP¥11,914 Down from JP¥12,963, the current price target is an average from 7 analysts. New target price is 72% above last closing price of JP¥6,925. Stock is down 12% over the past year. The company is forecast to post earnings per share of JP¥433 for next year compared to JP¥401 last year. Reported Earnings • Mar 18
Second quarter 2026 earnings: EPS misses analyst expectations Second quarter 2026 results: EPS: JP¥97.56 (up from JP¥88.15 in 2Q 2025). Revenue: JP¥23.3b (up 28% from 2Q 2025). Net income: JP¥3.92b (up 12% from 2Q 2025). Profit margin: 17% (down from 19% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.3%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.6% 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 fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Feb 19
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 5.4% 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. Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥6,953, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Professional Services industry in Japan. Total loss to shareholders of 22% over the past three years. New Risk • Dec 18
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 5.5% 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 • Dec 13
First quarter 2026 earnings released: EPS: JP¥137 (vs JP¥102 in 1Q 2025) First quarter 2026 results: EPS: JP¥137 (up from JP¥102 in 1Q 2025). Revenue: JP¥23.3b (up 25% from 1Q 2025). Net income: JP¥5.48b (up 35% from 1Q 2025). Profit margin: 24% (up from 22% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.0% 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 but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Oct 07
Visional, Inc. to Report Q1, 2026 Results on Dec 11, 2025 Visional, Inc. announced that they will report Q1, 2026 results on Dec 11, 2025 Price Target Changed • Sep 27
Price target increased by 8.6% to JP¥12,563 Up from JP¥11,563, the current price target is an average from 8 analysts. New target price is 8.2% above last closing price of JP¥11,615. Stock is up 40% over the past year. The company is forecast to post earnings per share of JP¥425 for next year compared to JP¥401 last year. Price Target Changed • Sep 17
Price target increased by 7.3% to JP¥12,050 Up from JP¥11,225, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of JP¥11,915. Stock is up 44% over the past year. The company is forecast to post earnings per share of JP¥423 for next year compared to JP¥401 last year. Reported Earnings • Sep 12
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥401 (up from JP¥331 in FY 2024). Revenue: JP¥80.2b (up 21% from FY 2024). Net income: JP¥16.0b (up 23% from FY 2024). Profit margin: 20% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.8%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Sep 11
Visional, Inc., Annual General Meeting, Oct 23, 2025 Visional, Inc., Annual General Meeting, Oct 23, 2025. Announcement • Jul 07
Visional, Inc. to Report Fiscal Year 2025 Results on Sep 11, 2025 Visional, Inc. announced that they will report fiscal year 2025 results on Sep 11, 2025 Price Target Changed • Jun 17
Price target increased by 11% to JP¥10,675 Up from JP¥9,604, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of JP¥10,405. Stock is up 48% over the past year. The company is forecast to post earnings per share of JP¥364 for next year compared to JP¥331 last year. Reported Earnings • Jun 13
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥126 (up from JP¥98.70 in 3Q 2024). Revenue: JP¥21.9b (up 25% from 3Q 2024). Net income: JP¥5.01b (up 29% from 3Q 2024). Profit margin: 23% (in line with 3Q 2024). Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 12% 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 increased by 31% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. New Risk • Jun 13
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 7.5% 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. Announcement • Jun 13
Visional, Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending July 31, 2025 Visional, Inc. revised consolidated earnings guidance for the fiscal year ending July 31, 2025. For the year, the company now expects net sales of JPY 79,500 million, operating profit of JPY 20,300 million, profit attributable to owners of parent of JPY 14,390 million and basic earnings per share of JPY 362.35 against net sales of JPY 76,400 million, operating profit of JPY 19,150 million, profit attributable to owners of parent of JPY 13,470 million and basic earnings per share of JPY 339.79 as previously forecasted. Reason for the revision: Full year consolidated fiscal year 2025 financial forecast for net sales is expected to increase by JPY 3,100 million to JPY 79,500 million mainly due to BizReach business growth exceeding plan in the third quarter by capturing the strong market environment. Operating profit is expected to increase by JPY 1,150 million to JPY 20,300 million, as the Company continues its policy of investing for sustainable growth. Taking into account non-operating income and expenses, and extraordinary income and expenses, up to the third quarter, ordinary profit is expected to increase by JPY 1,500 million to JPY 21,100 million, and profit attributable to owners of parent is expected to increase by JPY 920 million to JPY 14,390 million. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥7,941, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Professional Services industry in Japan. Total returns to shareholders of 10% over the past three years. Announcement • Apr 05
Visional, Inc. to Report Q3, 2025 Results on Jun 12, 2025 Visional, Inc. announced that they will report Q3, 2025 results on Jun 12, 2025 New Risk • Mar 14
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. This is currently the only risk that has been identified for the company. Reported Earnings • Mar 14
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: JP¥88.15 (down from JP¥95.10 in 2Q 2024). Revenue: JP¥18.2b (up 19% from 2Q 2024). Net income: JP¥3.50b (down 6.0% from 2Q 2024). Profit margin: 19% (down from 24% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 16%. Revenue is forecast to grow 12% 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 increased by 37% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Jan 17
Visional, Inc. to Report Q2, 2025 Results on Mar 13, 2025 Visional, Inc. announced that they will report Q2, 2025 results on Mar 13, 2025 Reported Earnings • Dec 13
First quarter 2025 earnings released: EPS: JP¥102 (vs JP¥89.14 in 1Q 2024) First quarter 2025 results: EPS: JP¥102 (up from JP¥89.14 in 1Q 2024). Revenue: JP¥18.7b (up 16% from 1Q 2024). Net income: JP¥4.05b (up 16% from 1Q 2024). Profit margin: 22% (in line with 1Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Japan. 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 5% per year, which means it is significantly lagging earnings. Board Change • Nov 08
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 Director Tadatsugu Ishimoto was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Nov 07
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 5.8% 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 • Nov 05
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥331 (up from JP¥257 in FY 2023). Revenue: JP¥66.1b (up 18% from FY 2023). Net income: JP¥13.0b (up 31% from FY 2023). Profit margin: 20% (up from 18% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.3%. Revenue is forecast to grow 11% 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 increased by 52% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Oct 06
Visional, Inc. to Report Q1, 2025 Results on Dec 12, 2024 Visional, Inc. announced that they will report Q1, 2025 results on Dec 12, 2024 Reported Earnings • Sep 14
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥331 (up from JP¥257 in FY 2023). Revenue: JP¥66.1b (up 18% from FY 2023). Net income: JP¥13.0b (up 31% from FY 2023). Profit margin: 20% (up from 18% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.3%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Director Tetsuya Sakai was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 23
Visional, Inc. to Report Fiscal Year 2024 Results on Sep 12, 2024 Visional, Inc. announced that they will report fiscal year 2024 results on Sep 12, 2024 Price Target Changed • Jul 19
Price target decreased by 9.0% to JP¥9,267 Down from JP¥10,180, the current price target is an average from 6 analysts. New target price is 19% above last closing price of JP¥7,800. Stock is up 2.5% over the past year. The company is forecast to post earnings per share of JP¥311 for next year compared to JP¥257 last year. Reported Earnings • Jun 15
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: JP¥98.70 (up from JP¥74.90 in 3Q 2023). Revenue: JP¥17.5b (up 16% from 3Q 2023). Net income: JP¥3.87b (up 34% from 3Q 2023). Profit margin: 22% (up from 19% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 1.3%. Revenue is forecast to grow 13% 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 increased by 58% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Mar 27
Visional, Inc. to Report Q3, 2024 Results on Jun 13, 2024 Visional, Inc. announced that they will report Q3, 2024 results on Jun 13, 2024 Reported Earnings • Mar 16
Second quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2024 results: EPS: JP¥95.10 (up from JP¥41.86 in 2Q 2023). Revenue: JP¥15.4b (up 17% from 2Q 2023). Net income: JP¥3.73b (up 131% from 2Q 2023). Profit margin: 24% (up from 12% in 2Q 2023). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 95%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Professional Services industry in Japan. Price Target Changed • Jan 23
Price target increased by 7.6% to JP¥9,840 Up from JP¥9,143, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥9,580. Stock is down 1.6% over the past year. The company is forecast to post earnings per share of JP¥288 for next year compared to JP¥257 last year. Announcement • Jan 12
Visional, Inc. to Report Q2, 2024 Results on Mar 14, 2024 Visional, Inc. announced that they will report Q2, 2024 results on Mar 14, 2024 Reported Earnings • Dec 16
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: JP¥89.14 (up from JP¥65.87 in 1Q 2023). Revenue: JP¥16.1b (up 22% from 1Q 2023). Net income: JP¥3.49b (up 38% from 1Q 2023). Profit margin: 22% (up from 19% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 25%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Professional Services industry in Japan. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥8,080, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Professional Services industry in Japan. Total loss to shareholders of 22% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥15,004 per share. Announcement • Oct 23
Visional, Inc. to Report Q1, 2024 Results on Dec 14, 2023 Visional, Inc. announced that they will report Q1, 2024 results on Dec 14, 2023 Reported Earnings • Sep 15
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥257 (up from JP¥161 in FY 2022). Revenue: JP¥56.3b (up 28% from FY 2022). Net income: JP¥9.93b (up 70% from FY 2022). Profit margin: 18% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. 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. Announcement • Sep 15
Visional, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending July 31, 2024 Visional, Inc. provided consolidated earnings guidance for the fiscal year ending July 31, 2024. For the period, the company expected net sales of JPY 66,400 million, operating profit of JPY 16,000 million, profit attributable to owners of parent of JPY 10,930 million and basic earnings per share of JPY 279.57. Announcement • Sep 14
Visional, Inc., Annual General Meeting, Oct 25, 2023 Visional, Inc., Annual General Meeting, Oct 25, 2023. Announcement • Jul 26
Visional, Inc. to Report Fiscal Year 2023 Results on Sep 14, 2023 Visional, Inc. announced that they will report fiscal year 2023 results on Sep 14, 2023 Announcement • Jun 14
Visional, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending July 31, 2023 Visional, Inc. provided consolidated earnings guidance for the fiscal year ending July 31, 2023. For the period, the company expected net sales of JPY 56,000 million, operating profit of JPY 12,500 million, profit attributable to owners of parent of JPY 8,330 million and basic earnings per share of JPY 217.23. Reported Earnings • Jun 14
Third quarter 2023 earnings: EPS exceeds analyst expectations Third quarter 2023 results: EPS: JP¥74.90 (up from JP¥56.80 in 3Q 2022). Revenue: JP¥15.1b (up 24% from 3Q 2022). Net income: JP¥2.89b (up 42% from 3Q 2022). Profit margin: 19% (up from 17% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 17%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Professional Services industry in Japan. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥7,920, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 17x in the Professional Services industry in Japan. Total returns to shareholders of 32% over the past year. Price Target Changed • Apr 04
Price target decreased by 11% to JP¥10,020 Down from JP¥11,240, the current price target is an average from 5 analysts. New target price is 36% above last closing price of JP¥7,380. Stock is down 16% over the past year. The company is forecast to post earnings per share of JP¥221 for next year compared to JP¥161 last year. Buying Opportunity • Mar 20
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be JP¥9,589, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last year. Earnings per share has grown by 111%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 25% per annum over the same time period. Reported Earnings • Mar 17
Second quarter 2023 earnings: EPS misses analyst expectations Second quarter 2023 results: EPS: JP¥41.86 (up from JP¥29.61 in 2Q 2022). Revenue: JP¥13.2b (up 31% from 2Q 2022). Net income: JP¥1.61b (up 52% from 2Q 2022). Profit margin: 12% (up from 11% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 9.8%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Professional Services industry in Japan. Announcement • Jan 27
Visional, Inc. to Report Q2, 2023 Results on Mar 16, 2023 Visional, Inc. announced that they will report Q2, 2023 results on Mar 16, 2023 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥8,520, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 18x in the Professional Services industry in Japan. Total loss to shareholders of 16% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥11,119 per share. Buying Opportunity • Dec 21
Now 20% undervalued Over the last 90 days, the stock is up 1.7%. The fair value is estimated to be JP¥11,137, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 48% over the last year. Earnings per share has grown by 128%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 27% per annum over the same time period. Announcement • Dec 15
Visional, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending July 31, 2023 Visional, Inc. provided consolidated earnings guidance for the fiscal year ending July 31, 2023. For the year, the company expects net sales of JPY 56,000 million, operating profit of JPY 12,500 million, profit attributable to owners of parent of JPY 8,330 million and basic earnings per share of JPY 217.23. Reported Earnings • Dec 15
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: JP¥65.87 (up from JP¥49.64 in 1Q 2022). Revenue: JP¥13.2b (up 38% from 1Q 2022). Net income: JP¥2.53b (up 42% from 1Q 2022). Profit margin: 19% (in line with 1Q 2022). Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Professional Services industry in Japan. Buying Opportunity • Nov 18
Now 20% undervalued Over the last 90 days, the stock is up 27%. The fair value is estimated to be JP¥12,166, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last year. Earnings per share has grown by 271%. For the next 3 years, revenue is forecast to grow by 18% per annum. Earnings is also forecast to grow by 25% per annum over the same time period. Price Target Changed • Nov 16
Price target increased to JP¥11,300 Up from JP¥10,050, the current price target is an average from 4 analysts. New target price is 12% above last closing price of JP¥10,100. Stock is up 14% over the past year. The company is forecast to post earnings per share of JP¥232 for next year compared to JP¥161 last year. Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. 2 independent directors (6 non-independent directors). CTO & Director Shin Takeuchi is the most experienced director on the board, commencing their role in 2020. Independent Outside Director Toru Shimada was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Oct 27
Visional, Inc. to Report Q1, 2023 Results on Dec 14, 2022 Visional, Inc. announced that they will report Q1, 2023 results on Dec 14, 2022 Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥10,390, the stock trades at a forward P/E ratio of 45x. Average forward P/E is 20x in the Professional Services industry in Japan. Total returns to shareholders of 41% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥15,149 per share. Major Estimate Revision • Sep 22
Consensus EPS estimates increase by 18% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥54.5b to JP¥56.3b. EPS estimate increased from JP¥188 to JP¥221 per share. Net income forecast to grow 44% next year vs 11% growth forecast for Professional Services industry in Japan. Consensus price target up from JP¥8,700 to JP¥9,667. Share price fell 3.2% to JP¥8,710 over the past week. Price Target Changed • Sep 17
Price target increased to JP¥9,333 Up from JP¥8,700, the current price target is an average from 3 analysts. New target price is approximately in line with last closing price of JP¥9,000. Stock is up 28% over the past year. The company is forecast to post earnings per share of JP¥200 for next year compared to JP¥161 last year. Reported Earnings • Sep 16
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥161 (up from JP¥43.35 in FY 2021). Revenue: JP¥44.0b (up 53% from FY 2021). Net income: JP¥5.86b (up 313% from FY 2021). Profit margin: 13% (up from 4.9% in FY 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 10%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Professional Services industry in Japan. Announcement • Sep 15
Visional, Inc., Annual General Meeting, Oct 26, 2022 Visional, Inc., Annual General Meeting, Oct 26, 2022. Announcement • Sep 14
Visional, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending July 31, 2023 Visional, Inc. provided consolidated earnings guidance for the fiscal year ending July 31, 2023. For the year, the company expects net sales of JPY 56,000 million, operating profit of JPY 12,500 million, profit attributable to owners of parent of JPY 8,330 million and basic earnings per share of JPY 217.23. Buying Opportunity • Sep 14
Now 20% undervalued Over the last 90 days, the stock is up 26%. The fair value is estimated to be JP¥9,906, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last year. Earnings per share has grown by 67%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Buying Opportunity • Aug 19
Now 22% undervalued Over the last 90 days, the stock is up 27%. The fair value is estimated to be JP¥9,836, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last year. Earnings per share has grown by 67%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings is also forecast to grow by 23% per annum over the same time period. Announcement • Jul 24
Visional, Inc. to Report Fiscal Year 2022 Results on Sep 14, 2022 Visional, Inc. announced that they will report fiscal year 2022 results on Sep 14, 2022 Reported Earnings • Jun 14
Third quarter 2022 earnings released: EPS: JP¥56.80 (vs JP¥12.97 loss in 3Q 2021) Third quarter 2022 results: EPS: JP¥56.80 (up from JP¥12.97 loss in 3Q 2021). Revenue: JP¥12.2b (up 51% from 3Q 2021). Net income: JP¥2.04b (up JP¥2.50b from 3Q 2021). Profit margin: 17% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 22%, compared to a 13% growth forecast for the industry in Japan. Announcement • Jun 13
Visional, Inc. Provides Earnings Guidance for the Fiscal Year Ending July 31, 2022 Visional, Inc. provided earnings guidance for the fiscal year ending July 31, 2022. For the period, the company expects net sales to be JPY 43,600 million, operating profit to be JPY 8,000 million, profit attributable to owners of parent to be JPY 5,400 million and basic earnings per share to be JPY 150.55. Price Target Changed • Apr 27
Price target decreased to JP¥9,133 Down from JP¥9,950, the current price target is an average from 4 analysts. New target price is 24% above last closing price of JP¥7,380. Stock is up 18% over the past year. The company is forecast to post earnings per share of JP¥131 for next year compared to JP¥43.35 last year. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 8 non-independent directors. Executive Officer & Director Satoshi Murata was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Buying Opportunity • Apr 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.7%. The fair value is estimated to be JP¥9,436, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last year. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 24% per annum over the same time period.