Reported Earnings • Jul 10
First quarter 2027 earnings released: EPS: JP¥1.56 (vs JP¥0.25 loss in 1Q 2026) First quarter 2027 results: EPS: JP¥1.56 (up from JP¥0.25 loss in 1Q 2026). Revenue: JP¥1.25b (up 8.1% from 1Q 2026). Net income: JP¥68.0m (up JP¥79.0m from 1Q 2026). Profit margin: 5.5% (up from net loss in 1Q 2026). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 05
Full year 2026 earnings released: EPS: JP¥4.34 (vs JP¥8.00 in FY 2025) Full year 2026 results: EPS: JP¥4.34 (down from JP¥8.00 in FY 2025). Revenue: JP¥5.08b (up 7.1% from FY 2025). Net income: JP¥189.0m (down 46% from FY 2025). Profit margin: 3.7% (down from 7.4% in FY 2025). 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 7% per year, which means it is significantly lagging earnings growth. Announcement • Apr 03
Escrow Agent Japan, Inc., Annual General Meeting, May 28, 2026 Escrow Agent Japan, Inc., Annual General Meeting, May 28, 2026. Upcoming Dividend • Feb 19
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 01 June 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.0%). Reported Earnings • Jan 10
Third quarter 2026 earnings released: EPS: JP¥1.33 (vs JP¥2.48 in 3Q 2025) Third quarter 2026 results: EPS: JP¥1.33 (down from JP¥2.48 in 3Q 2025). Revenue: JP¥1.32b (up 12% from 3Q 2025). Net income: JP¥58.0m (down 46% from 3Q 2025). Profit margin: 4.4% (down from 9.2% in 3Q 2025). The decrease in margin was driven by higher expenses. 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 9% per year, which means it is significantly lagging earnings growth. 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. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 107% Cash payout ratio: 229% Earnings have declined by 7.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (5.2% net profit margin). Market cap is less than US$100m (JP¥8.06b market cap, or US$51.7m). Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥184, the stock trades at a trailing P/E ratio of 32.7x. Average trailing P/E is 14x in the Commercial Services industry in Japan. Total returns to shareholders of 36% over the past three years. Announcement • Dec 05
Escrow Agent Japan, Inc. to Report Q3, 2026 Results on Jan 09, 2026 Escrow Agent Japan, Inc. announced that they will report Q3, 2026 results on Jan 09, 2026 Declared Dividend • Oct 06
Dividend of JP¥6.00 announced Dividend of JP¥6.00 is the same as last year. Ex-date: 26th February 2026 Payment date: 30th May 2026 Dividend yield will be 4.5%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is not covered by earnings (107% earnings payout ratio). However, it is covered by cash flows (66% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 19% to bring the payout ratio under control. However, EPS has declined by 9.1% over the last 5 years so the company would need to reverse this trend. Reported Earnings • Oct 04
Second quarter 2026 earnings released: EPS: JP¥3.15 (vs JP¥2.02 in 2Q 2025) Second quarter 2026 results: EPS: JP¥3.15 (up from JP¥2.02 in 2Q 2025). Revenue: JP¥1.22b (up 1.2% from 2Q 2025). Net income: JP¥137.0m (up 56% from 2Q 2025). Profit margin: 11% (up from 7.3% in 2Q 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jul 26
Escrow Agent Japan, Inc. to Report Q2, 2026 Results on Oct 03, 2025 Escrow Agent Japan, Inc. announced that they will report Q2, 2026 results on Oct 03, 2025 Reported Earnings • Jul 10
First quarter 2026 earnings released: JP¥0.25 loss per share (vs JP¥3.25 profit in 1Q 2025) First quarter 2026 results: JP¥0.25 loss per share (down from JP¥3.25 profit in 1Q 2025). Revenue: JP¥1.15b (down 1.8% from 1Q 2025). Net loss: JP¥11.0m (down 108% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 04
Full year 2025 earnings released: EPS: JP¥8.00 (vs JP¥6.85 in FY 2024) Full year 2025 results: EPS: JP¥8.00 (up from JP¥6.85 in FY 2024). Revenue: JP¥4.74b (up 15% from FY 2024). Net income: JP¥349.0m (up 17% from FY 2024). Profit margin: 7.4% (up from 7.2% 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 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • May 27
Escrow Agent Japan, Inc. to Report Q1, 2026 Results on Jul 08, 2025 Escrow Agent Japan, Inc. announced that they will report Q1, 2026 results on Jul 08, 2025 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 6.4% 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: Major Risk Earnings have declined by 4.8% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (JP¥5.10b market cap, or US$34.9m). Reported Earnings • Apr 05
Full year 2025 earnings released: EPS: JP¥8.00 (vs JP¥6.85 in FY 2024) Full year 2025 results: EPS: JP¥8.00 (up from JP¥6.85 in FY 2024). Revenue: JP¥4.74b (up 15% from FY 2024). Net income: JP¥349.0m (up 17% from FY 2024). Profit margin: 7.4% (up from 7.2% 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 7% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Apr 04
Escrow Agent Japan, Inc., Annual General Meeting, May 29, 2025 Escrow Agent Japan, Inc., Annual General Meeting, May 29, 2025. Announcement • Feb 27
Escrow Agent Japan, Inc. to Report Fiscal Year 2025 Results on Apr 04, 2025 Escrow Agent Japan, Inc. announced that they will report fiscal year 2025 results on Apr 04, 2025 Upcoming Dividend • Feb 20
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.1%). Declared Dividend • Feb 01
Dividend of JP¥6.00 announced Dividend of JP¥6.00 is the same as last year. Ex-date: 27th February 2025 Payment date: 30th May 2025 Dividend yield will be 4.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 8.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥6.37b market cap, or US$40.4m). Announcement • Nov 09
Escrow Agent Japan, Inc. to Report Q3, 2025 Results on Jan 10, 2025 Escrow Agent Japan, Inc. announced that they will report Q3, 2025 results on Jan 10, 2025 Reported Earnings • Oct 17
Second quarter 2025 earnings released: EPS: JP¥2.02 (vs JP¥1.86 in 2Q 2024) Second quarter 2025 results: EPS: JP¥2.02 (up from JP¥1.86 in 2Q 2024). Revenue: JP¥1.20b (up 22% from 2Q 2024). Net income: JP¥88.0m (up 8.6% from 2Q 2024). Profit margin: 7.3% (down from 8.3% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 12% per year. Announcement • Aug 06
Escrow Agent Japan, Inc. to Report Q2, 2025 Results on Oct 04, 2024 Escrow Agent Japan, Inc. announced that they will report Q2, 2025 results on Oct 04, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥117, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total loss to shareholders of 38% over the past three years. Reported Earnings • Jul 08
First quarter 2025 earnings released: EPS: JP¥3.25 (vs JP¥1.15 in 1Q 2024) First quarter 2025 results: EPS: JP¥3.25 (up from JP¥1.15 in 1Q 2024). Revenue: JP¥1.17b (up 13% from 1Q 2024). Net income: JP¥142.0m (up 184% from 1Q 2024). Profit margin: 12% (up from 4.8% in 1Q 2024). The increase in margin was driven by higher revenue. 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 16% per year, which means it has not declined as severely as earnings. Announcement • May 30
Escrow Agent Japan, Inc. to Report Q1, 2025 Results on Jul 05, 2024 Escrow Agent Japan, Inc. announced that they will report Q1, 2025 results on Jul 05, 2024 Reported Earnings • Apr 07
Full year 2024 earnings released: EPS: JP¥6.85 (vs JP¥1.74 in FY 2023) Full year 2024 results: EPS: JP¥6.85 (up from JP¥1.74 in FY 2023). Revenue: JP¥4.14b (up 12% from FY 2023). Net income: JP¥299.0m (up 293% from FY 2023). Profit margin: 7.2% (up from 2.0% in FY 2023). The increase in margin was driven by higher revenue. 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 21% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Apr 02
Now 22% undervalued Over the last 90 days, the stock has risen 9.2% to JP¥154. The fair value is estimated to be JP¥197, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has declined by 45%. Announcement • Feb 28
Escrow Agent Japan, Inc. to Report Fiscal Year 2024 Results on Apr 05, 2024 Escrow Agent Japan, Inc. announced that they will report fiscal year 2024 results on Apr 05, 2024 Upcoming Dividend • Feb 21
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.8%). Reported Earnings • Jan 10
Third quarter 2024 earnings released: EPS: JP¥1.99 (vs JP¥0.92 in 3Q 2023) Third quarter 2024 results: EPS: JP¥1.99 (up from JP¥0.92 in 3Q 2023). Revenue: JP¥1.02b (up 3.0% from 3Q 2023). Net income: JP¥87.0m (up 118% from 3Q 2023). Profit margin: 8.6% (up from 4.1% in 3Q 2023). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Nov 01
Escrow Agent Japan, Inc. to Report Q3, 2024 Results on Jan 09, 2024 Escrow Agent Japan, Inc. announced that they will report Q3, 2024 results on Jan 09, 2024 Reported Earnings • Oct 07
Second quarter 2024 earnings released: EPS: JP¥1.86 (vs JP¥0.64 in 2Q 2023) Second quarter 2024 results: EPS: JP¥1.86 (up from JP¥0.64 in 2Q 2023). Revenue: JP¥981.0m (up 30% from 2Q 2023). Net income: JP¥81.0m (up 189% from 2Q 2023). Profit margin: 8.3% (up from 3.7% in 2Q 2023). The increase in margin was driven by higher revenue. 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 28% per year, which means it has not declined as severely as earnings. Announcement • Jul 30
Escrow Agent Japan, Inc. to Report Q2, 2024 Results on Oct 06, 2023 Escrow Agent Japan, Inc. announced that they will report Q2, 2024 results on Oct 06, 2023 Reported Earnings • Jul 08
First quarter 2024 earnings released: EPS: JP¥1.15 (vs JP¥2.40 in 1Q 2023) First quarter 2024 results: EPS: JP¥1.15 (down from JP¥2.40 in 1Q 2023). Revenue: JP¥1.04b (up 19% from 1Q 2023). Net income: JP¥50.0m (down 52% from 1Q 2023). Profit margin: 4.8% (down from 12% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Jun 02
Escrow Agent Japan, Inc. to Report Q1, 2024 Results on Jul 07, 2023 Escrow Agent Japan, Inc. announced that they will report Q1, 2024 results on Jul 07, 2023 Reported Earnings • May 30
Full year 2023 earnings released: EPS: JP¥1.74 (vs JP¥9.36 in FY 2022) Full year 2023 results: EPS: JP¥1.74 (down from JP¥9.36 in FY 2022). Revenue: JP¥3.71b (up 4.4% from FY 2022). Net income: JP¥76.0m (down 81% from FY 2022). Profit margin: 2.0% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 13% per year. Reported Earnings • Apr 21
Full year 2023 earnings released: EPS: JP¥1.74 (vs JP¥9.36 in FY 2022) Full year 2023 results: EPS: JP¥1.74 (down from JP¥9.36 in FY 2022). Revenue: JP¥3.71b (up 4.4% from FY 2022). Net income: JP¥76.0m (down 81% from FY 2022). Profit margin: 2.0% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 7% per year. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥4.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 29 May 2023. Payout ratio is on the higher end at 88%, however this is supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.2%). Announcement • Jan 12
Escrow Agent Japan, Inc. Provides Consolidated Earnings Guidance for the Year Ending February 28, 2023 Escrow Agent Japan, Inc. provided consolidated earnings guidance for the year ending February 28, 2023. For the full year, the company expected net sales of JPY 3,835 million, operating profit of JPY 363 million, profit attributable to owners of parent of JPY 238 million, Basic earnings per share of JPY 5.47 per basic share. Reported Earnings • Jan 07
Third quarter 2023 earnings released: EPS: JP¥0.92 (vs JP¥5.25 in 3Q 2022) Third quarter 2023 results: EPS: JP¥0.92 (down from JP¥5.25 in 3Q 2022). Revenue: JP¥985.0m (down 19% from 3Q 2022). Net income: JP¥40.0m (down 83% from 3Q 2022). Profit margin: 4.1% (down from 19% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Price Target Changed • Nov 16
Price target decreased to JP¥169 Down from JP¥193, the current price target is provided by 1 analyst. New target price is 13% above last closing price of JP¥150. Stock is down 20% over the past year. The company is forecast to post earnings per share of JP¥9.20 for next year compared to JP¥9.36 last year. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. No independent directors (6 non-independent directors). General Manager of Administration Division and Director Masakage Ohta was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 09
Second quarter 2023 earnings released: EPS: JP¥0.64 (vs JP¥1.34 in 2Q 2022) Second quarter 2023 results: EPS: JP¥0.64 (down from JP¥1.34 in 2Q 2022). Revenue: JP¥756.0m (up 6.3% from 2Q 2022). Net income: JP¥28.0m (down 52% from 2Q 2022). Profit margin: 3.7% (down from 8.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 10
First quarter 2023 earnings released: EPS: JP¥2.40 (vs JP¥2.17 in 1Q 2022) First quarter 2023 results: EPS: JP¥2.40 (up from JP¥2.17 in 1Q 2022). Revenue: JP¥873.0m (up 11% from 1Q 2022). Net income: JP¥104.0m (up 11% from 1Q 2022). Profit margin: 12% (in line with 1Q 2022). Over the next year, revenue is forecast to grow 9.9%, compared to a 4.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 02
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: JP¥9.36 (up from JP¥8.51 in FY 2021). Revenue: JP¥3.55b (up 16% from FY 2021). Net income: JP¥406.0m (up 12% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 6.5%. Over the next year, revenue is forecast to grow 9.8%, compared to a 3.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • May 15
Escrow Agent Japan, Inc. to Report Q1, 2023 Results on Jul 08, 2022 Escrow Agent Japan, Inc. announced that they will report Q1, 2023 results on Jul 08, 2022 Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. No independent directors (7 non-independent directors). General Manager of Administration Division and Director Masakage Ohta was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 10
Escrow Agent Japan, Inc., Annual General Meeting, May 26, 2022 Escrow Agent Japan, Inc., Annual General Meeting, May 26, 2022. Reported Earnings • Apr 10
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: JP¥9.36 (up from JP¥8.51 in FY 2021). Revenue: JP¥3.55b (up 16% from FY 2021). Net income: JP¥406.0m (up 12% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 6.5%. Over the next year, revenue is forecast to grow 14%, compared to a 2.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 09
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: JP¥5.25 (up from JP¥1.87 in 3Q 2021). Revenue: JP¥1.21b (up 62% from 3Q 2021). Net income: JP¥228.0m (up 182% from 3Q 2021). Profit margin: 19% (up from 11% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 8.0%. Earnings per share (EPS) exceeded analyst estimates by 22%. Earnings per share (EPS) surpassed analyst estimates by 22%. Over the next year, revenue is forecast to grow 14%, compared to a 3.1% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Nov 27
Escrow Agent Japan, Inc. (TSE:6093) entered into basic agreement to acquire Samporonia business from Hitachi Solutions Create, Ltd. for ¥500 million. Escrow Agent Japan, Inc. (TSE:6093) entered into basic agreement to acquire Samporonia business from Hitachi Solutions Create, Ltd. for ¥500 million on November 25, 2021. As per the transaction, the transfer price will be determined based on a survey by a third-party expert, etc., up to a maximum of ¥500 million yen and will be disclosed as soon as they are finalized. As on March 2021, Samporonia business generated Sales of ¥836 million and Operating income of ¥27 million. The transaction is expected to complete on July 31, 2022. Reported Earnings • Oct 09
Second quarter 2022 earnings released: EPS JP¥1.34 (vs JP¥2.47 in 2Q 2021) The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥711.0m (flat on 2Q 2021). Net income: JP¥58.0m (down 46% from 2Q 2021). Profit margin: 8.2% (down from 15% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 13
First quarter 2022 earnings released: EPS JP¥2.17 (vs JP¥2.79 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥785.0m (down 9.6% from 1Q 2021). Net income: JP¥94.0m (down 18% from 1Q 2021). Profit margin: 12% (down from 13% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 02
Full year 2021 earnings released: EPS JP¥8.51 (vs JP¥6.92 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥3.07b (down 4.1% from FY 2020). Net income: JP¥363.0m (up 27% from FY 2020). Profit margin: 12% (up from 8.9% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 11
Full year 2021 earnings released: EPS JP¥8.51 (vs JP¥6.92 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥3.07b (down 4.1% from FY 2020). Net income: JP¥363.0m (up 27% from FY 2020). Profit margin: 12% (up from 8.9% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Jan 12
New 90-day low: JP¥302 The company is down 19% from its price of JP¥372 on 14 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Commercial Services industry, which is up 4.0% over the same period. Reported Earnings • Jan 09
Third quarter 2021 earnings released: EPS JP¥1.87 The company reported a soft third quarter result with weaker revenues, although earnings and profit margins were flat. Third quarter 2021 results: Revenue: JP¥748.0m (down 2.7% from 3Q 2020). Net income: JP¥81.0m (flat on 3Q 2020). Profit margin: 11% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 14% per year.