Announcement • Jun 01
PA Co., Ltd. to Report Q2, 2026 Results on Aug 14, 2026 PA Co., Ltd. announced that they will report Q2, 2026 results on Aug 14, 2026 Reported Earnings • May 20
First quarter 2026 earnings released: EPS: JP¥1.67 (vs JP¥0.19 in 1Q 2025) First quarter 2026 results: EPS: JP¥1.67 (up from JP¥0.19 in 1Q 2025). Revenue: JP¥535.0m (up 9.0% from 1Q 2025). Net income: JP¥18.0m (up JP¥16.0m from 1Q 2025). Profit margin: 3.4% (up from 0.4% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥233, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 14x in the Professional Services industry in Japan. Total returns to shareholders of 47% over the past three years. Reported Earnings • Feb 18
Full year 2025 earnings released: EPS: JP¥8.84 (vs JP¥6.79 in FY 2024) Full year 2025 results: EPS: JP¥8.84 (up from JP¥6.79 in FY 2024). Revenue: JP¥2.02b (up 7.7% from FY 2024). Net income: JP¥95.0m (up 30% from FY 2024). Profit margin: 4.7% (up from 3.9% 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 29% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Feb 16
PA Co., Ltd., Annual General Meeting, Mar 27, 2026 PA Co., Ltd., Annual General Meeting, Mar 27, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥8.20 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 12 March 2026. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.1%). Announcement • Dec 03
PA Co., Ltd. to Report Fiscal Year 2025 Results on Feb 16, 2026 PA Co., Ltd. announced that they will report fiscal year 2025 results on Feb 16, 2026 Announcement • Sep 21
PA Co., Ltd. to Report Q3, 2025 Results on Nov 14, 2025 PA Co., Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025 Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: JP¥4.65 (vs JP¥1.67 in 2Q 2024) Second quarter 2025 results: EPS: JP¥4.65 (up from JP¥1.67 in 2Q 2024). Revenue: JP¥510.0m (up 9.0% from 2Q 2024). Net income: JP¥50.0m (up 178% from 2Q 2024). Profit margin: 9.8% (up from 3.8% 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 45% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • May 30
PA Co., Ltd. to Report Q2, 2025 Results on Aug 14, 2025 PA Co., Ltd. announced that they will report Q2, 2025 results on Aug 14, 2025 Reported Earnings • May 21
First quarter 2025 earnings released: EPS: JP¥0.19 (vs JP¥0.56 in 1Q 2024) First quarter 2025 results: EPS: JP¥0.19 (down from JP¥0.56 in 1Q 2024). Revenue: JP¥491.0m (up 8.4% from 1Q 2024). Net income: JP¥2.00m (down 67% from 1Q 2024). Profit margin: 0.4% (down from 1.3% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. 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¥213, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 14x in the Professional Services industry in Japan. Total returns to shareholders of 31% over the past three years. Reported Earnings • Feb 19
Full year 2024 earnings released: EPS: JP¥6.79 (vs JP¥4.09 in FY 2023) Full year 2024 results: EPS: JP¥6.79 (up from JP¥4.09 in FY 2023). Revenue: JP¥1.88b (up 5.1% from FY 2023). Net income: JP¥73.0m (up 66% from FY 2023). Profit margin: 3.9% (up from 2.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Feb 17
PA Co., Ltd., Annual General Meeting, Mar 27, 2025 PA Co., Ltd., Annual General Meeting, Mar 27, 2025. Announcement • Dec 03
PA Co., Ltd. to Report Fiscal Year 2024 Results on Feb 17, 2025 PA Co., Ltd. announced that they will report fiscal year 2024 results on Feb 17, 2025 Announcement • Aug 27
PA Co., Ltd. to Report Q3, 2024 Results on Nov 14, 2024 PA Co., Ltd. announced that they will report Q3, 2024 results on Nov 14, 2024 Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: JP¥1.67 (vs JP¥2.88 in 2Q 2023) Second quarter 2024 results: EPS: JP¥1.67 (down from JP¥2.88 in 2Q 2023). Revenue: JP¥468.0m (up 2.4% from 2Q 2023). Net income: JP¥18.0m (down 42% from 2Q 2023). Profit margin: 3.8% (down from 6.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥287, the stock trades at a trailing P/E ratio of 64.3x. Average trailing P/E is 16x in the Professional Services industry in Japan. Total returns to shareholders of 49% over the past three years. Announcement • Jun 02
PA Co., Ltd. to Report Q2, 2024 Results on Aug 14, 2024 PA Co., Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024 Reported Earnings • May 20
First quarter 2024 earnings released: EPS: JP¥0.56 (vs JP¥0.19 in 1Q 2023) First quarter 2024 results: EPS: JP¥0.56 (up from JP¥0.19 in 1Q 2023). Revenue: JP¥453.0m (up 7.1% from 1Q 2023). Net income: JP¥6.00m (up 200% from 1Q 2023). Profit margin: 1.3% (up from 0.5% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Feb 24
PA Co., Ltd. to Report Q1, 2024 Results on May 15, 2024 PA Co., Ltd. announced that they will report Q1, 2024 results on May 15, 2024 Announcement • Feb 21
PA Co., Ltd., Annual General Meeting, Mar 28, 2024 PA Co., Ltd., Annual General Meeting, Mar 28, 2024. Reported Earnings • Feb 18
Full year 2023 earnings released: EPS: JP¥4.09 (vs JP¥4.56 in FY 2022) Full year 2023 results: EPS: JP¥4.09 (down from JP¥4.56 in FY 2022). Revenue: JP¥1.79b (up 7.2% from FY 2022). Net income: JP¥44.0m (down 10% from FY 2022). Profit margin: 2.5% (down from 2.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥393, the stock trades at a trailing P/E ratio of 63.1x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 127% over the past three years. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥323, the stock trades at a trailing P/E ratio of 51.8x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 93% over the past three years. Announcement • Dec 05
PA Co., Ltd. to Report Fiscal Year 2023 Results on Feb 16, 2024 PA Co., Ltd. announced that they will report fiscal year 2023 results on Feb 16, 2024 Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥302, the stock trades at a trailing P/E ratio of 48.5x. Average trailing P/E is 17x in the Professional Services industry in Japan. Total returns to shareholders of 67% over the past three years. Reported Earnings • Nov 12
Third quarter 2023 earnings released: EPS: JP¥1.40 (vs JP¥0.84 in 3Q 2022) Third quarter 2023 results: EPS: JP¥1.40 (up from JP¥0.84 in 3Q 2022). Revenue: JP¥448.0m (up 7.2% from 3Q 2022). Net income: JP¥15.0m (up 67% from 3Q 2022). Profit margin: 3.3% (up from 2.2% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. New Risk • Oct 02
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 8.5% 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 (8.5% average weekly change). Minor Risk Market cap is less than US$100m (JP¥2.34b market cap, or US$15.7m). Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment improves as stock rises 33% After last week's 33% share price gain to JP¥218, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 27% over the past three years. Announcement • Aug 30
PA Co., Ltd. to Report Q3, 2023 Results on Nov 10, 2023 PA Co., Ltd. announced that they will report Q3, 2023 results on Nov 10, 2023 Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: JP¥2.88 (vs JP¥0.93 in 2Q 2022) Second quarter 2023 results: EPS: JP¥2.88 (up from JP¥0.93 in 2Q 2022). Revenue: JP¥457.0m (up 10% from 2Q 2022). Net income: JP¥31.0m (up 210% from 2Q 2022). Profit margin: 6.8% (up from 2.4% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • May 28
PA Co., Ltd. to Report Q2, 2023 Results on Aug 10, 2023 PA Co., Ltd. announced that they will report Q2, 2023 results on Aug 10, 2023 Reported Earnings • May 20
First quarter 2023 earnings released: EPS: JP¥0.19 (vs JP¥1.02 in 1Q 2022) First quarter 2023 results: EPS: JP¥0.19 (down from JP¥1.02 in 1Q 2022). Revenue: JP¥423.0m (up 1.7% from 1Q 2022). Net income: JP¥2.00m (down 82% from 1Q 2022). Profit margin: 0.5% (down from 2.6% in 1Q 2022). The decrease in margin was driven by higher expenses. 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 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: JP¥4.56 (vs JP¥26.04 loss in FY 2021) Full year 2022 results: EPS: JP¥4.56 (up from JP¥26.04 loss in FY 2021). Revenue: JP¥1.67b (up 5.3% from FY 2021). Net income: JP¥49.0m (up JP¥329.0m from FY 2021). Profit margin: 2.9% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 21
Full year 2022 earnings released: EPS: JP¥4.56 (vs JP¥26.04 loss in FY 2021) Full year 2022 results: EPS: JP¥4.56 (up from JP¥26.04 loss in FY 2021). Revenue: JP¥1.67b (up 5.3% from FY 2021). Net income: JP¥49.0m (up JP¥329.0m from FY 2021). Profit margin: 2.9% (up from net loss in FY 2021). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Feb 19
PA Co., Ltd., Annual General Meeting, Mar 28, 2023 PA Co., Ltd., Annual General Meeting, Mar 28, 2023. Announcement • Dec 28
PA Co., Ltd. to Report Fiscal Year 2022 Results on Feb 17, 2023 PA Co., Ltd. announced that they will report fiscal year 2022 results on Feb 17, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥0.84 (vs JP¥0.47 in 3Q 2021) Third quarter 2022 results: EPS: JP¥0.84 (up from JP¥0.47 in 3Q 2021). Revenue: JP¥418.0m (up 5.3% from 3Q 2021). Net income: JP¥9.00m (up 80% from 3Q 2021). Profit margin: 2.2% (up from 1.3% in 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Kozo Hiramatsu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 24
PA Co., Ltd. to Report Q3, 2022 Results on Nov 15, 2022 PA Co., Ltd. announced that they will report Q3, 2022 results on Nov 15, 2022 Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: JP¥0.93 (vs JP¥19.72 loss in 2Q 2021) Second quarter 2022 results: EPS: JP¥0.93 (up from JP¥19.72 loss in 2Q 2021). Revenue: JP¥414.0m (up 10% from 2Q 2021). Net income: JP¥10.0m (up JP¥222.0m from 2Q 2021). Profit margin: 2.4% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Jun 23
PA Co., Ltd. to Report Q2, 2022 Results on Aug 15, 2022 PA Co., Ltd. announced that they will report Q2, 2022 results on Aug 15, 2022 Reported Earnings • May 18
First quarter 2022 earnings released: EPS: JP¥1.02 (vs JP¥3.81 loss in 1Q 2021) First quarter 2022 results: EPS: JP¥1.02 (up from JP¥3.81 loss in 1Q 2021). Revenue: JP¥416.0m (up 6.7% from 1Q 2021). Net income: JP¥11.0m (up JP¥52.0m from 1Q 2021). Profit margin: 2.6% (up from net loss in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Kozo Hiramatsu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
PA Co., Ltd. to Report Q1, 2022 Results on May 16, 2022 PA Co., Ltd. announced that they will report Q1, 2022 results on May 16, 2022 Announcement • Feb 22
PA Co., Ltd., Annual General Meeting, Mar 29, 2022 PA Co., Ltd., Annual General Meeting, Mar 29, 2022. Reported Earnings • Feb 21
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: JP¥26.04 loss per share (down from JP¥9.77 loss in FY 2020). Revenue: JP¥1.58b (down 1.1% from FY 2020). Net loss: JP¥280.0m (loss widened 167% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 17
Third quarter 2021 earnings released: EPS JP¥0.47 (vs JP¥3.26 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥397.0m (up 7.6% from 3Q 2020). Net income: JP¥5.00m (up JP¥40.0m from 3Q 2020). Profit margin: 1.3% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Aug 20
Second quarter 2021 earnings released: JP¥19.72 loss per share (vs JP¥2.60 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: JP¥376.0m (up 12% from 2Q 2020). Net loss: JP¥212.0m (loss widened JP¥184.0m from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 04
Full year 2020 earnings released: JP¥9.77 loss per share (vs JP¥6.05 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: JP¥1.60b (down 29% from FY 2019). Net loss: JP¥105.0m (loss widened 62% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Feb 21
PA Co., Ltd., Annual General Meeting, Mar 29, 2021 PA Co., Ltd., Annual General Meeting, Mar 29, 2021. Reported Earnings • Feb 21
Full year 2020 earnings released: JP¥9.58 loss per share (vs JP¥6.05 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: JP¥1.60b (down 29% from FY 2019). Net loss: JP¥103.0m (loss widened 59% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Dec 30
PA Co., Ltd. to Report Fiscal Year 2020 Results on Feb 19, 2021 PA Co., Ltd. announced that they will report fiscal year 2020 results on Feb 19, 2021 Is New 90 Day High Low • Dec 22
New 90-day low: JP¥157 The company is down 7.0% from its price of JP¥169 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 4.0% over the same period.