Reported Earnings • May 19
First quarter 2026 earnings released: EPS: JP¥95.16 (vs JP¥72.69 in 1Q 2025) First quarter 2026 results: EPS: JP¥95.16 (up from JP¥72.69 in 1Q 2025). Revenue: JP¥4.39b (flat on 1Q 2025). Net income: JP¥419.0m (up 26% from 1Q 2025). Profit margin: 9.5% (up from 7.5% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • May 09
LTS, Inc. to Report Q1, 2026 Results on May 14, 2026 LTS, Inc. announced that they will report Q1, 2026 results on May 14, 2026 Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: JP¥154 (vs JP¥216 in FY 2024) Full year 2025 results: EPS: JP¥154 (down from JP¥216 in FY 2024). Revenue: JP¥17.1b (up 3.1% from FY 2024). Net income: JP¥696.0m (down 28% from FY 2024). Profit margin: 4.1% (down from 5.9% in FY 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Feb 18
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 33% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (33% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.6% average weekly change). Profit margins are more than 30% lower than last year (4.1% net profit margin). Market cap is less than US$100m (JP¥7.41b market cap, or US$48.4m). New Risk • Feb 16
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: 4.1% Last year net profit margin: 5.9% 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 Share price has been volatile over the past 3 months (5.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.1% net profit margin). Market cap is less than US$100m (JP¥8.70b market cap, or US$57.0m). Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥154 (vs JP¥216 in FY 2024) Full year 2025 results: EPS: JP¥154 (down from JP¥216 in FY 2024). Revenue: JP¥17.1b (up 3.1% from FY 2024). Net income: JP¥696.0m (down 28% from FY 2024). Profit margin: 4.1% (down from 5.9% in FY 2024). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Feb 13
LTS, Inc., Annual General Meeting, Mar 24, 2026 LTS, Inc., Annual General Meeting, Mar 24, 2026. Buy Or Sell Opportunity • Jan 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to JP¥2,127. The fair value is estimated to be JP¥2,659, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 40%. Buy Or Sell Opportunity • Dec 30
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.1% to JP¥2,132. The fair value is estimated to be JP¥2,684, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 40%. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 26 March 2026. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.1%). Announcement • Dec 03
LTS, Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026 LTS, Inc. announced that they will report fiscal year 2025 results on Feb 13, 2026 Buy Or Sell Opportunity • Dec 03
Now 21% undervalued Over the last 90 days, the stock has risen 6.6% to JP¥2,136. The fair value is estimated to be JP¥2,689, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 40%. Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: JP¥54.00 (vs JP¥76.28 in 3Q 2024) Third quarter 2025 results: EPS: JP¥54.00 (down from JP¥76.28 in 3Q 2024). Revenue: JP¥4.31b (up 2.0% from 3Q 2024). Net income: JP¥247.0m (down 28% from 3Q 2024). Profit margin: 5.7% (down from 8.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Sep 22
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 5.9% 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 (5.9% average weekly change). Market cap is less than US$100m (JP¥11.0b market cap, or US$74.1m). Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥2,364, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 17x in the Professional Services industry in Japan. Total loss to shareholders of 21% over the past three years. Declared Dividend • Aug 16
Dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 29th December 2025 Payment date: 26th March 2026 Dividend yield will be 1.7%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 8.0% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 16
LTS, Inc. to Report Q3, 2025 Results on Nov 12, 2025 LTS, Inc. announced that they will report Q3, 2025 results on Nov 12, 2025 Reported Earnings • Aug 15
Second quarter 2025 earnings released: JP¥23.21 loss per share (vs JP¥10.49 profit in 2Q 2024) Second quarter 2025 results: JP¥23.21 loss per share (down from JP¥10.49 profit in 2Q 2024). Revenue: JP¥4.15b (up 5.0% from 2Q 2024). Net loss: JP¥106.0m (down 326% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Aug 15
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.2% to JP¥2,059. The fair value is estimated to be JP¥2,670, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 42%. Announcement • Aug 14
LTS, Inc. (TSE:6560) announces an Equity Buyback for 240,000 shares, representing 5.18% for ¥500 million. LTS, Inc. (TSE:6560) announces a share repurchase program. Under the program, the company will repurchase 240,000 shares, representing 5.18% of its share capital, for ¥500 million. The company will repurchase its shares in order to to enable the implementation of flexible capital policies in response to future changes in the business environment, as well as to improve capital efficiency and ensure shareholder returns. The program is valid till December 30, 2025. As of July 31, 2025, the company had 4,633,034 shares outstanding (excluding treasury shares) and 90,641 shares in treasury. Buy Or Sell Opportunity • Jun 02
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at JP¥2,049. The fair value is estimated to be JP¥2,592, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 34%. Announcement • May 18
LTS, Inc. to Report Q2, 2025 Results on Aug 14, 2025 LTS, Inc. announced that they will report Q2, 2025 results on Aug 14, 2025 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,666, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 14x in the Professional Services industry in Japan. Total loss to shareholders of 43% over the past three years. Reported Earnings • Apr 05
Full year 2024 earnings released: EPS: JP¥216 (vs JP¥101 in FY 2023) Full year 2024 results: EPS: JP¥216 (up from JP¥101 in FY 2023). Revenue: JP¥16.6b (up 36% from FY 2023). Net income: JP¥973.0m (up 113% from FY 2023). Profit margin: 5.9% (up from 3.7% in FY 2023). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Mar 27
LTS, Inc. to Report Q1, 2025 Results on May 14, 2025 LTS, Inc. announced that they will report Q1, 2025 results on May 14, 2025 Reported Earnings • Feb 15
Full year 2024 earnings released: EPS: JP¥216 (vs JP¥101 in FY 2023) Full year 2024 results: EPS: JP¥216 (up from JP¥101 in FY 2023). Revenue: JP¥16.6b (up 36% from FY 2023). Net income: JP¥973.0m (up 113% from FY 2023). Profit margin: 5.9% (up from 3.7% in FY 2023). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,202, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 15x in the Professional Services industry in Japan. Total returns to shareholders of 11% over the past three years. Announcement • Feb 13
LTS, Inc., Annual General Meeting, Mar 25, 2025 LTS, Inc., Annual General Meeting, Mar 25, 2025. Announcement • Jan 17
LTS, Inc. to Report Fiscal Year 2024 Results on Feb 13, 2025 LTS, Inc. announced that they will report fiscal year 2024 results on Feb 13, 2025 Reported Earnings • Nov 15
Third quarter 2024 earnings released: EPS: JP¥76.28 (vs JP¥11.74 in 3Q 2023) Third quarter 2024 results: EPS: JP¥76.28 (up from JP¥11.74 in 3Q 2023). Revenue: JP¥4.23b (up 55% from 3Q 2023). Net income: JP¥342.0m (up JP¥289.0m from 3Q 2023). Profit margin: 8.1% (up from 1.9% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to JP¥2,211, the stock trades at a trailing P/E ratio of 20x. Average trailing P/E is 16x in the Professional Services industry in Japan. Total loss to shareholders of 29% over the past three years. Buy Or Sell Opportunity • Oct 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to JP¥1,720. The fair value is estimated to be JP¥2,152, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 7.0%. Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,810, the stock trades at a trailing P/E ratio of 16.3x. Average trailing P/E is 17x in the Professional Services industry in Japan. Total loss to shareholders of 47% over the past three years. New Risk • Sep 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 8.4% 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 (8.4% average weekly change). Market cap is less than US$100m (JP¥7.94b market cap, or US$56.4m). Buy Or Sell Opportunity • Sep 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to JP¥1,711. The fair value is estimated to be JP¥2,149, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 7.0%. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: JP¥10.49 (vs JP¥19.28 in 2Q 2023) Second quarter 2024 results: EPS: JP¥10.49 (down from JP¥19.28 in 2Q 2023). Revenue: JP¥3.95b (up 47% from 2Q 2023). Net income: JP¥47.0m (down 46% from 2Q 2023). Profit margin: 1.2% (down from 3.2% 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 7% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Aug 15
LTS, Inc. to Report Q3, 2024 Results on Nov 11, 2024 LTS, Inc. announced that they will report Q3, 2024 results on Nov 11, 2024 New Risk • Aug 05
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 2.0% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Market cap is less than US$100m (JP¥8.03b market cap, or US$54.8m). Buy Or Sell Opportunity • Aug 05
Now 30% undervalued after recent price drop Over the last 90 days, the stock has fallen 38% to JP¥1,501. The fair value is estimated to be JP¥2,140, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 5.9%. 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 5.5% 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¥8.03b market cap, or US$54.0m). Announcement • Jun 22
LTS, Inc. to Report Q2, 2024 Results on Aug 13, 2024 LTS, Inc. announced that they will report Q2, 2024 results on Aug 13, 2024 Reported Earnings • May 16
First quarter 2024 earnings released: EPS: JP¥69.13 (vs JP¥50.94 in 1Q 2023) First quarter 2024 results: EPS: JP¥69.13 (up from JP¥50.94 in 1Q 2023). Revenue: JP¥4.07b (up 44% from 1Q 2023). Net income: JP¥311.0m (up 36% from 1Q 2023). Profit margin: 7.6% (down from 8.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • May 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to JP¥2,250. The fair value is estimated to be JP¥2,878, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 2.8%. Buy Or Sell Opportunity • Apr 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to JP¥2,282. The fair value is estimated to be JP¥2,860, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 2.8%. Reported Earnings • Apr 07
Full year 2023 earnings released: EPS: JP¥101 (vs JP¥55.21 in FY 2022) Full year 2023 results: EPS: JP¥101 (up from JP¥55.21 in FY 2022). Revenue: JP¥12.2b (up 27% from FY 2022). Net income: JP¥456.0m (up 97% from FY 2022). Profit margin: 3.7% (up from 2.4% in FY 2022). The increase in margin was driven by higher revenue. 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 18% per year, which means it is significantly lagging earnings. Announcement • Mar 28
LTS, Inc. to Report Q1, 2024 Results on May 13, 2024 LTS, Inc. announced that they will report Q1, 2024 results on May 13, 2024 Announcement • Feb 27
LTS, Inc. (TSE:6560) announces an Equity Buyback for 35,000 shares, representing 0.77% for ¥100 million. LTS, Inc. (TSE:6560) announces a share repurchase program. Under the program, the company will repurchase 35,000 shares, representing 0.78% of its share capital, for ¥100 million. The company will repurchase its shares in order to enable the execution of agile capital policies in response to changes in the business environment in the future, improve capital efficiency, and return profits to shareholders. The program is valid till March 29, 2024. As of January 31, 2024, the company had 4,563,575 shares outstanding (excluding treasury shares) and 55,487 shares in treasury. Announcement • Feb 15
LTS, Inc., Annual General Meeting, Mar 19, 2024 LTS, Inc., Annual General Meeting, Mar 19, 2024. Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: JP¥101 (vs JP¥55.21 in FY 2022) Full year 2023 results: EPS: JP¥101 (up from JP¥55.21 in FY 2022). Revenue: JP¥12.2b (up 27% from FY 2022). Net income: JP¥456.0m (up 97% from FY 2022). Profit margin: 3.7% (up from 2.4% in FY 2022). The increase in margin was driven by higher revenue. 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 13% per year, which means it is significantly lagging earnings. Announcement • Dec 06
LTS, Inc. to Report Fiscal Year 2023 Results on Feb 09, 2024 LTS, Inc. announced that they will report fiscal year 2023 results on Feb 09, 2024 Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥3,095, the stock trades at a trailing P/E ratio of 42.6x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total loss to shareholders of 33% over the past three years. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: JP¥11.74 (vs JP¥8.27 in 3Q 2022) Third quarter 2023 results: EPS: JP¥11.74 (up from JP¥8.27 in 3Q 2022). Revenue: JP¥2.73b (up 15% from 3Q 2022). Net income: JP¥53.0m (up 56% from 3Q 2022). Profit margin: 1.9% (up from 1.4% in 3Q 2022). 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 15% per year, which means it is significantly lagging earnings. New Risk • Oct 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.8b (US$99.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.9% net profit margin). Shareholders have been diluted in the past year (9.9% increase in shares outstanding). Market cap is less than US$100m (JP¥14.8b market cap, or US$99.0m). Announcement • Oct 08
LTS, Inc. to Report Q3, 2023 Results on Nov 10, 2023 LTS, Inc. announced that they will report Q3, 2023 results on Nov 10, 2023 Announcement • Aug 23
LTS, Inc. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2023 LTS, Inc. provided earnings guidance for the fiscal year ending December 31, 2023. For the year, the company expects net sales of JPY 12,700 million, operating profit of JPY 950 million, profit attributable to owners of parent of JPY 560 million and profit per share of JPY 124.57. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: JP¥19.28 (vs JP¥14.39 in 2Q 2022) Second quarter 2023 results: EPS: JP¥19.28 (up from JP¥14.39 in 2Q 2022). Revenue: JP¥2.69b (up 19% from 2Q 2022). Net income: JP¥87.0m (up 48% from 2Q 2022). Profit margin: 3.2% (up from 2.6% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥3,060, the stock trades at a trailing P/E ratio of 49x. Average forward P/E is 17x in the Professional Services industry in Japan. Total returns to shareholders of 32% over the past three years. Reported Earnings • May 16
First quarter 2023 earnings released: EPS: JP¥50.94 (vs JP¥42.95 in 1Q 2022) First quarter 2023 results: EPS: JP¥50.94 (up from JP¥42.95 in 1Q 2022). Revenue: JP¥2.82b (up 18% from 1Q 2022). Net income: JP¥229.0m (up 27% from 1Q 2022). Profit margin: 8.1% (up from 7.5% in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: JP¥55.21 (vs JP¥93.14 in FY 2021) Full year 2022 results: EPS: JP¥55.21 (down from JP¥93.14 in FY 2021). Revenue: JP¥9.64b (up 31% from FY 2021). Net income: JP¥232.0m (down 40% from FY 2021). Profit margin: 2.4% (down from 5.3% in FY 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥2,373, the stock trades at a trailing P/E ratio of 46x. Average trailing P/E is 19x in the Professional Services industry in Japan. Total returns to shareholders of 17% over the past three years. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: JP¥55.21 (vs JP¥93.14 in FY 2021) Full year 2022 results: EPS: JP¥55.21 (down from JP¥93.14 in FY 2021). Revenue: JP¥9.64b (up 31% from FY 2021). Net income: JP¥232.0m (down 40% from FY 2021). Profit margin: 2.4% (down from 5.3% in FY 2021). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 13% per year. Announcement • Feb 12
LTS, Inc., Annual General Meeting, Mar 23, 2023 LTS, Inc., Annual General Meeting, Mar 23, 2023. Announcement • Dec 28
LTS, Inc. to Report Fiscal Year 2022 Results on Feb 10, 2023 LTS, Inc. announced that they will report fiscal year 2022 results on Feb 10, 2023 Valuation Update With 7 Day Price Move • Dec 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥3,190, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 19x in the Professional Services industry in Japan. Total returns to shareholders of 130% over the past three years. Announcement • Nov 23
LTS, Inc. Provides Earnings Forecast for the Fiscal Year Ending December 31, 2022 LTS, Inc. provided earnings forecast for the fiscal year ending December 31, 2022. For the year, company expects net sales to be JPY 9,300 million, operating profit to be JPY 480 million, Profit attributable to owners of parent to be JPY 297 million and profit per share to be JPY 69.99. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent External Director Yuichi Kanekawa was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: JP¥8.27 (vs JP¥22.97 in 3Q 2021) Third quarter 2022 results: EPS: JP¥8.27 (down from JP¥22.97 in 3Q 2021). Revenue: JP¥2.37b (up 28% from 3Q 2021). Net income: JP¥34.0m (down 65% from 3Q 2021). Profit margin: 1.4% (down from 5.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 29% per year. Announcement • Oct 14
LTS, Inc. announced that it expects to receive ¥691.68 million in funding from FPT Japan Holdings Co., Ltd. LTS, Inc. announced a private placement of 220,000 shares of common stock at a price of ¥3,144 per share for gross proceeds of ¥691,680,000 on October 13, 2022. The transaction was approved in the board of directors meeting. The transaction will take place through third party allotment. The transaction will include participation from FPT Japan Holdings Co., Ltd. The payment date of the transaction is October 31, 2022. Announcement • Sep 27
LTS, Inc. announced that it has received ¥499.07 million in funding from YDC Corporation On September 26, 2022, LTS, Inc. closed the transaction. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥3,430, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 22x in the Professional Services industry in Japan. Total returns to shareholders of 194% over the past three years. Announcement • Sep 04
LTS, Inc. to Report Q3, 2022 Results on Nov 11, 2022 LTS, Inc. announced that they will report Q3, 2022 results on Nov 11, 2022 Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: JP¥14.39 (vs JP¥10.88 in 2Q 2021) Second quarter 2022 results: EPS: JP¥14.39 (up from JP¥10.88 in 2Q 2021). Revenue: JP¥2.49b (up 44% from 2Q 2021). Net income: JP¥59.0m (up 31% from 2Q 2021). Profit margin: 2.4% (down from 2.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 17%, compared to a 16% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 10
LTS, Inc. Provides Revenue Forecast for the Fiscal Year Ending December 31, 2022 LTS, Inc. provides revenue Forecast for the fiscal year ending December 31, 2022. For the year, company expects net sales to be JPY 8,542 million, operating profit to be JPY 480 million, Profit attributable to owners of parent to be JPY 297 million and profit per share to be JPY 69.99. Announcement • Jun 05
LTS, Inc. to Report Q2, 2022 Results on Aug 05, 2022 LTS, Inc. announced that they will report Q2, 2022 results on Aug 05, 2022 Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 25% share price gain to JP¥3,385, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 21x in the Professional Services industry in Japan. Total returns to shareholders of 84% over the past three years. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent External Director Yuichi Kanekawa was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
LTS, Inc. to Report Q1, 2022 Results on May 13, 2022 LTS, Inc. announced that they will report Q1, 2022 results on May 13, 2022 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥2,643, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 19x in the Professional Services industry in Japan. Total returns to shareholders of 93% over the past three years. Announcement • Mar 04
LTS, Inc. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2022 LTS, Inc. provided earnings guidance for the fiscal year ending December 31, 2022. For the period, the company expects net sales of JPY 8,542 million, operating profit of JPY 480 million, profit attributable to owners of parent of JPY 297 million and profit per share of JPY 69.99. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥1,982, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Professional Services industry in Japan. Total returns to shareholders of 27% over the past three years. Announcement • Feb 12
LTS, Inc., Annual General Meeting, Mar 16, 2022 LTS, Inc., Annual General Meeting, Mar 16, 2022. Reported Earnings • Feb 12
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: JP¥93.14 (up from JP¥66.39 in FY 2020). Revenue: JP¥7.38b (up 33% from FY 2020). Net income: JP¥388.0m (up 44% from FY 2020). Profit margin: 5.3% (up from 4.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Over the next year, revenue is forecast to grow 23%, compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 21% per year. Announcement • Feb 11
LTS, Inc. (TSE:6560) announces an Equity Buyback for 160,000 shares, representing 3.66% for ¥300 million. LTS, Inc. (TSE:6560) announces a share repurchase program. Under the program, the company will repurchase 160,000 shares, representing 3.66% of its share capital, for ¥300 million. The company will repurchase its shares in order to enable the execution of agile capital policies in response to changes in the business environment in the future, improve capital efficiency, and return profits to shareholders. The program is valid till March 16, 2022. As of January 31, 2022, the company had 4,371,000 shares outstanding (excluding treasury shares) and 127,802 shares in treasury. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS JP¥22.97 (vs JP¥17.21 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.85b (up 31% from 3Q 2020). Net income: JP¥96.0m (up 37% from 3Q 2020). Profit margin: 5.2% (up from 5.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.