Reported Earnings • Nov 18
Third quarter 2025 earnings released: JP¥16.70 loss per share (vs JP¥12.65 profit in 3Q 2024) Third quarter 2025 results: JP¥16.70 loss per share (down from JP¥12.65 profit in 3Q 2024). Revenue: JP¥1.69b (down 44% from 3Q 2024). Net loss: JP¥168.0m (down 232% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 02
DRAFT Inc. to Report Q3, 2025 Results on Nov 14, 2025 DRAFT Inc. announced that they will report Q3, 2025 results on Nov 14, 2025 Announcement • Oct 01
Taiju Yamashita completed the acquisition of 42.28% stake in DRAFT Inc. (TSE:5070) from Yamashita and others for ¥3.1 billion. Taiju Yamashita proposed to acquire 49.02% stake in DRAFT Inc. (TSE:5070) from Yamashita and others for ¥3.7 billion on August 14, 2025. A cash consideration of ¥5800 valued at ¥1 per share , of ¥3.69 billion valued at ¥750 per share and of ¥0.04 million will be paid by the buyer. As part of consideration, ¥5800 is paid towards First Series Stock Acquisition Rights rights, ¥0.02 million is paid towards Second Series Stock Acquisition Rights rights, ¥0.02 million is paid towards Third Series Stock Acquisition Rights rights and ¥3.69 billion is paid towards common equity of DRAFT Inc.
Taiju Yamashita completed the acquisition of 42.28% stake in DRAFT Inc. (TSE:5070) from Yamashita and others for ¥3.1 billion on September 29, 2025. Reported Earnings • Aug 16
Second quarter 2025 earnings released: JP¥26.78 loss per share (vs JP¥15.63 profit in 2Q 2024) Second quarter 2025 results: JP¥26.78 loss per share (down from JP¥15.63 profit in 2Q 2024). Revenue: JP¥1.78b (down 55% from 2Q 2024). Net loss: JP¥269.0m (down 271% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥671, the stock trades at a trailing P/E ratio of 28.2x. Average trailing P/E is 17x in the Professional Services industry in Japan. Total returns to shareholders of 24% over the past three years. Announcement • Jul 02
DRAFT Inc. to Report Q2, 2025 Results on Aug 14, 2025 DRAFT Inc. announced that they will report Q2, 2025 results on Aug 14, 2025 New Risk • May 18
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.2% Last year net profit margin: 7.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (2.2% net profit margin). Market cap is less than US$100m (JP¥5.41b market cap, or US$37.1m). Reported Earnings • May 18
First quarter 2025 earnings released: JP¥22.10 loss per share (vs JP¥18.42 profit in 1Q 2024) First quarter 2025 results: JP¥22.10 loss per share (down from JP¥18.42 profit in 1Q 2024). Revenue: JP¥1.40b (down 50% from 1Q 2024). Net loss: JP¥222.0m (down 220% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Apr 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 5.5% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (JP¥4.61b market cap, or US$31.5m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥459, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 14x in the Professional Services industry in Japan. Total loss to shareholders of 25% over the past three years. Announcement • Mar 05
DRAFT Inc. to Report Q1, 2025 Results on May 14, 2025 DRAFT Inc. announced that they will report Q1, 2025 results on May 14, 2025 Reported Earnings • Feb 17
Full year 2024 earnings released: EPS: JP¥64.32 (vs JP¥51.39 in FY 2023) Full year 2024 results: EPS: JP¥64.32 (up from JP¥51.39 in FY 2023). Revenue: JP¥12.3b (up 15% from FY 2023). Net income: JP¥646.0m (up 25% from FY 2023). Profit margin: 5.3% (up from 4.8% 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 54% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Feb 14
DRAFT Inc., Annual General Meeting, Mar 27, 2025 DRAFT Inc., Annual General Meeting, Mar 27, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 31 March 2025. Payout ratio is a comfortable 6.0% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (0.9%). Announcement • Dec 07
DRAFT Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025 DRAFT Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025 Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: JP¥12.65 (vs JP¥9.06 in 3Q 2023) Third quarter 2024 results: EPS: JP¥12.65 (up from JP¥9.06 in 3Q 2023). Revenue: JP¥2.99b (up 37% from 3Q 2023). Net income: JP¥127.0m (up 40% from 3Q 2023). Profit margin: 4.3% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Oct 01
DRAFT Inc. to Report Q3, 2024 Results on Nov 12, 2024 DRAFT Inc. announced that they will report Q3, 2024 results on Nov 12, 2024 Declared Dividend • Aug 15
Dividend of JP¥6.00 announced Shareholders will receive a dividend of JP¥6.00. Ex-date: 27th December 2024 Payment date: 31st March 2025 Dividend yield will be 1.1%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by earnings (7% 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 11% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 20% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Aug 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 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (JP¥5.09b market cap, or US$34.2m). Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥507, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 16x in the Professional Services industry in Japan. Total loss to shareholders of 34% over the past three years. Announcement • Jun 06
DRAFT Inc. to Report Q2, 2024 Results on Aug 13, 2024 DRAFT Inc. announced that they will report Q2, 2024 results on Aug 13, 2024 Reported Earnings • May 16
First quarter 2024 earnings released: EPS: JP¥18.42 (vs JP¥17.03 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥18.42 (up from JP¥17.03 loss in 1Q 2023). Revenue: JP¥2.78b (up 75% from 1Q 2023). Net income: JP¥185.0m (up JP¥356.0m from 1Q 2023). Profit margin: 6.7% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Announcement • Apr 06
DRAFT Inc. to Report Q1, 2024 Results on May 13, 2024 DRAFT Inc. announced that they will report Q1, 2024 results on May 13, 2024 Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥825, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total loss to shareholders of 21% over the past three years. Announcement • Feb 15
DRAFT Inc., Annual General Meeting, Mar 28, 2024 DRAFT Inc., Annual General Meeting, Mar 28, 2024. Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: JP¥51.39 (vs JP¥2.09 in FY 2022) Full year 2023 results: EPS: JP¥51.39 (up from JP¥2.09 in FY 2022). Revenue: JP¥10.7b (up 29% from FY 2022). Net income: JP¥516.0m (up JP¥495.0m from FY 2022). Profit margin: 4.8% (up from 0.3% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Jan 11
DRAFT Inc. to Report Fiscal Year 2023 Results on Feb 13, 2024 DRAFT Inc. announced that they will report fiscal year 2023 results on Feb 13, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥6.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.2%). New Risk • Nov 22
New major risk - Revenue and earnings growth Earnings have declined by 29% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 29% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (JP¥5.21b market cap, or US$35.1m). Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: JP¥9.06 (vs JP¥21.02 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.06 (up from JP¥21.02 loss in 3Q 2022). Revenue: JP¥2.18b (up 104% from 3Q 2022). Net income: JP¥91.0m (up JP¥302.0m from 3Q 2022). Profit margin: 4.2% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 11% 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, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Announcement • Sep 27
DRAFT Inc. to Report Q3, 2023 Results on Nov 13, 2023 DRAFT Inc. announced that they will report Q3, 2023 results on Nov 13, 2023 Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: JP¥5.88 (vs JP¥2.99 in 2Q 2022) Second quarter 2023 results: EPS: JP¥5.88 (up from JP¥2.99 in 2Q 2022). Revenue: JP¥2.32b (up 8.6% from 2Q 2022). Net income: JP¥59.0m (up 97% from 2Q 2022). Profit margin: 2.5% (up from 1.4% in 2Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Professional Services industry in Japan. New Risk • Aug 16
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 6.0% 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 Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (JP¥4.90b market cap, or US$33.7m). Announcement • Jun 28
DRAFT Inc. to Report Q2, 2023 Results on Aug 14, 2023 DRAFT Inc. announced that they will report Q2, 2023 results on Aug 14, 2023 Reported Earnings • Feb 16
Full year 2022 earnings released: EPS: JP¥2.09 (vs JP¥61.90 in FY 2021) Full year 2022 results: EPS: JP¥2.09 (down from JP¥61.90 in FY 2021). Revenue: JP¥8.29b (up 3.2% from FY 2021). Net income: JP¥21.0m (down 96% from FY 2021). Profit margin: 0.3% (down from 7.1% in FY 2021). The decrease in margin was driven by higher expenses. Announcement • Dec 28
DRAFT Inc. to Report Fiscal Year 2022 Results on Feb 14, 2023 DRAFT Inc. announced that they will report fiscal year 2022 results on Feb 14, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 27 March 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.5%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: JP¥21.02 loss per share (vs JP¥27.63 profit in 3Q 2021) Third quarter 2022 results: JP¥21.02 loss per share (down from JP¥27.63 profit in 3Q 2021). Revenue: JP¥1.07b (down 64% from 3Q 2021). Net loss: JP¥211.0m (down 182% from profit in 3Q 2021). Reported Earnings • Nov 13
Third quarter 2022 earnings released: JP¥21.02 loss per share (vs JP¥27.63 profit in 3Q 2021) Third quarter 2022 results: JP¥21.02 loss per share (down from JP¥27.63 profit in 3Q 2021). Revenue: JP¥1.07b (down 64% from 3Q 2021). Net loss: JP¥211.0m (down 182% from profit in 3Q 2021). Announcement • Oct 08
DRAFT Inc. to Report Q3, 2022 Results on Nov 11, 2022 DRAFT Inc. announced that they will report Q3, 2022 results on Nov 11, 2022 Reported Earnings • Aug 14
Second quarter 2022 earnings released Second quarter 2022 results: EPS: JP¥2.99. Revenue: JP¥2.13b (flat on 2Q 2021). Net income: JP¥30.0m (up JP¥30.0m from 2Q 2021). Profit margin: 1.4% (up from null in 2Q 2021). Announcement • Jul 07
DRAFT Inc. to Report Q2, 2022 Results on Aug 12, 2022 DRAFT Inc. announced that they will report Q2, 2022 results on Aug 12, 2022 Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥700, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 21x in the Professional Services industry in Japan. Total loss to shareholders of 27% over the past year. Announcement • Apr 15
DRAFT Inc. to Report Q1, 2022 Results on May 12, 2022 DRAFT Inc. announced that they will report Q1, 2022 results on May 12, 2022 Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥513, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 18x in the Professional Services industry in Japan. Total loss to shareholders of 48% over the past year. Reported Earnings • Feb 16
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: JP¥61.90 (up from JP¥55.50 in FY 2020). Revenue: JP¥8.03b (up 13% from FY 2020). Net income: JP¥574.0m (up 19% from FY 2020). Profit margin: 7.1% (up from 6.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) exceeded analyst estimates by 26%. Over the next year, revenue is forecast to grow 24%, compared to a 13% growth forecast for the industry in Japan. Announcement • Feb 16
DRAFT Inc., Annual General Meeting, Mar 24, 2022 DRAFT Inc., Annual General Meeting, Mar 24, 2022. Announcement • Feb 04
DRAFT Inc. Revises Earnings Guidance for the Fiscal Year Ended December 2021 DRAFT Inc. revised earnings guidance for the fiscal year ended December 2021. The company expected net sales of JPY 8,032 million compared to previous guidance of JPY 8,300 million, operating profit of JPY 950 million compared to previous guidance of JPY 700 million, ordinary profit of JPY 945 million compared to previous guidance of JPY 680 million, profit attributable to owners of parent of JPY 570 million compared to previous guidance of JPY 440 million or EPS of JPY 61.38 compared to previous guidance of JPY 47.56. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥4.50 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 26 March 2022. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (0.7%). Announcement • Nov 27
DRAFT Inc. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2021 DRAFT Inc. provided earnings guidance for the fiscal year ending December 31, 2021. For the year, the company expects net sales to be JPY 8,300 million. Operating profit to be JPY 700 million. Profit attributable to owners of parent to be JPY 440 million. Basic earnings per share to be JPY 47.56. Announcement • Aug 21
DRAFT Inc. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2021 DRAFT Inc. provided earnings guidance for the fiscal year ending December 31, 2021. For the year, the company expects net sales of JPY 8,300 million, Operating profit of JPY 700 million, Profit attributable to owners of parent of JPY 440 million and Earnings per share of JPY 47.56. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥997, the stock is trading at a trailing P/E ratio of 18x, down from the previous P/E ratio of 22.1x. This compares to an average P/E of 23x in the Professional Services industry in Japan. Is New 90 Day High Low • Mar 08
New 90-day low: JP¥995 The company is down 28% from its price of JP¥1,390 on 08 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 11% over the same period. Announcement • Feb 17
DRAFT Inc., Annual General Meeting, Mar 25, 2021 DRAFT Inc., Annual General Meeting, Mar 25, 2021. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,183, the stock is trading at a trailing P/E ratio of 30.1x, up from the previous P/E ratio of 25.8x. This compares to an average P/E of 21x in the Professional Services industry in Japan. Announcement • Dec 12
DRAFT Inc. to Report Q3, 2021 Results on Feb 15, 2021 DRAFT Inc. announced that they will report Q3, 2021 results on Feb 15, 2021 Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment deteriorated over the past week After last week's 61% share price decline to JP¥1,252, the stock is trading at a trailing P/E ratio of 15.9x, down from the previous P/E ratio of 40.4x. This compares to an average P/E of 21x in the Professional Services industry in Japan. Valuation Update With 7 Day Price Move • Dec 03
Market bids up stock over the past week After last week's 21% share price gain to JP¥2,875, the stock is trading at a trailing P/E ratio of 36.6x, up from the previous P/E ratio of 30.2x. This compares to an average P/E of 22x in the Professional Services industry in Japan. Is New 90 Day High Low • Dec 01
New 90-day high: JP¥2,604 The company is up 80% from its price of JP¥1,448 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 13% over the same period. Announcement • Jul 05
DRAFT Inc. to Report Q1, 2021 Results on Aug 12, 2020 DRAFT Inc. announced that they will report Q1, 2021 results on Aug 12, 2020