Announcement • Aug 15
SHIKIGAKU. Co., Ltd. to Report Q2, 2027 Results on Oct 15, 2026 SHIKIGAKU. Co., Ltd. announced that they will report Q2, 2027 results on Oct 15, 2026 Reported Earnings • Jul 14
First quarter 2027 earnings released: JP¥7.96 loss per share (vs JP¥10.54 profit in 1Q 2026) First quarter 2027 results: JP¥7.96 loss per share (down from JP¥10.54 profit in 1Q 2026). Revenue: JP¥1.43b (up 8.4% from 1Q 2026). Net loss: JP¥69.0m (down 178% from profit in 1Q 2026). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Jul 10
SHIKIGAKU. Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2027 SHIKIGAKU. Co., Ltd. provided consolidated earnings guidance for the fiscal year ending February 28, 2027. For the year, the company expects net sales of JPY 6,201 million, operating profit of JPY (200) million, profit attributable to owners of parent of JPY (50) million and basic earnings per share of JPY (5.65). Board Change • Jun 12
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 2 highly experienced directors. Senior Executive VP, GM of Sales Headquarters & Director Keisuke Kajiyama is the most experienced director on 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 board continuity. Lack of experienced directors. Reported Earnings • Apr 14
Full year 2026 earnings released: EPS: JP¥34.95 (vs JP¥49.99 in FY 2025) Full year 2026 results: EPS: JP¥34.95 (down from JP¥49.99 in FY 2025). Revenue: JP¥6.54b (up 22% from FY 2025). Net income: JP¥294.0m (down 31% from FY 2025). Profit margin: 4.5% (down from 7.9% in FY 2025). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Apr 13
SHIKIGAKU. Co., Ltd., Annual General Meeting, May 26, 2026 SHIKIGAKU. Co., Ltd., Annual General Meeting, May 26, 2026. Announcement • Apr 03
SHIKIGAKU. Co., Ltd. to Report Fiscal Year 2026 Results on Apr 13, 2026 SHIKIGAKU. Co., Ltd. announced that they will report fiscal year 2026 results on Apr 13, 2026 Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥777, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 14x in the Professional Services industry in Japan. Total returns to shareholders of 42% over the past three years. Reported Earnings • Jan 15
Third quarter 2026 earnings released: JP¥6.30 loss per share (vs JP¥10.35 profit in 3Q 2025) Third quarter 2026 results: JP¥6.30 loss per share (down from JP¥10.35 profit in 3Q 2025). Revenue: JP¥1.46b (up 5.6% from 3Q 2025). Net loss: JP¥53.0m (down 161% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Jan 14
SHIKIGAKU. Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2026 SHIKIGAKU. Co., Ltd. revised consolidated earnings guidance for the fiscal year ending February 28, 2026. For the year, the company expects net sales of JPY 6,500 million, operating profit of JPY 500 million, profit attributable to owners of parent of JPY 360 million and basic earnings per share of JPY 42.80. Announcement • Nov 05
SHIKIGAKU. Co., Ltd. to Report Q3, 2026 Results on Jan 14, 2026 SHIKIGAKU. Co., Ltd. announced that they will report Q3, 2026 results on Jan 14, 2026 Reported Earnings • Oct 11
Second quarter 2026 earnings released: EPS: JP¥42.46 (vs JP¥21.71 in 2Q 2025) Second quarter 2026 results: EPS: JP¥42.46 (up from JP¥21.71 in 2Q 2025). Revenue: JP¥2.36b (up 82% from 2Q 2025). Net income: JP¥357.2m (up 93% from 2Q 2025). Profit margin: 15% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Aug 16
SHIKIGAKU. Co., Ltd. to Report Q2, 2026 Results on Oct 10, 2025 SHIKIGAKU. Co., Ltd. announced that they will report Q2, 2026 results on Oct 10, 2025 Reported Earnings • Jul 14
First quarter 2026 earnings released: EPS: JP¥10.47 (vs JP¥12.12 in 1Q 2025) First quarter 2026 results: EPS: JP¥10.47 (down from JP¥12.12 in 1Q 2025). Revenue: JP¥1.32b (flat on 1Q 2025). Net income: JP¥88.0m (down 17% from 1Q 2025). Profit margin: 6.7% (down from 8.0% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 70% 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 • Jun 04
Full year 2025 earnings released: EPS: JP¥49.99 (vs JP¥11.04 loss in FY 2024) Full year 2025 results: EPS: JP¥49.99 (up from JP¥11.04 loss in FY 2024). Revenue: JP¥5.37b (up 11% from FY 2024). Net income: JP¥426.0m (up JP¥523.0m from FY 2024). Profit margin: 7.9% (up from net loss 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 only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • May 18
SHIKIGAKU. Co., Ltd. to Report Q1, 2026 Results on Jul 11, 2025 SHIKIGAKU. Co., Ltd. announced that they will report Q1, 2026 results on Jul 11, 2025 New Risk • Apr 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 38% 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 (38% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (JP¥6.89b market cap, or US$48.0m). Reported Earnings • Apr 12
Full year 2025 earnings released: EPS: JP¥49.99 (vs JP¥11.04 loss in FY 2024) Full year 2025 results: EPS: JP¥49.99 (up from JP¥11.04 loss in FY 2024). Revenue: JP¥5.37b (up 11% from FY 2024). Net income: JP¥426.0m (up JP¥523.0m from FY 2024). Profit margin: 7.9% (up from net loss 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 7% per year, which means it is significantly lagging earnings. Announcement • Apr 11
SHIKIGAKU. Co., Ltd., Annual General Meeting, May 28, 2025 SHIKIGAKU. Co., Ltd., Annual General Meeting, May 28, 2025. New Risk • Mar 05
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 7.5% 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 Risks Share price has been highly volatile over the past 3 months (7.5% average weekly change). Earnings have declined by 5.4% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (JP¥6.53b market cap, or US$43.8m). Announcement • Feb 28
SHIKIGAKU. Co., Ltd. to Report Fiscal Year 2025 Results on Apr 11, 2025 SHIKIGAKU. Co., Ltd. announced that they will report fiscal year 2025 results on Apr 11, 2025 Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to JP¥820, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 15x in the Professional Services industry in Japan. Total loss to shareholders of 23% over the past three years. Reported Earnings • Jan 15
Third quarter 2025 earnings released: EPS: JP¥10.35 (vs JP¥2.62 in 3Q 2024) Third quarter 2025 results: EPS: JP¥10.35 (up from JP¥2.62 in 3Q 2024). Revenue: JP¥1.38b (up 11% from 3Q 2024). Net income: JP¥87.0m (up 278% from 3Q 2024). Profit margin: 6.3% (up from 1.8% in 3Q 2024). 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 10% per year, which means it is significantly lagging earnings. New Risk • Dec 25
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 5.1% 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 Earnings have declined by 25% per year over the past 5 years. High level of non-cash earnings (21% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Market cap is less than US$100m (JP¥5.21b market cap, or US$33.2m). Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥639, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 15x in the Professional Services industry in Japan. Total loss to shareholders of 68% over the past three years. Announcement • Nov 08
SHIKIGAKU. Co., Ltd. to Report Q3, 2025 Results on Jan 14, 2025 SHIKIGAKU. Co., Ltd. announced that they will report Q3, 2025 results on Jan 14, 2025 Reported Earnings • Oct 16
Second quarter 2025 earnings released: EPS: JP¥21.71 (vs JP¥6.38 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥21.71 (up from JP¥6.38 loss in 2Q 2024). Revenue: JP¥1.30b (up 18% from 2Q 2024). Net income: JP¥185.0m (up JP¥241.0m from 2Q 2024). Profit margin: 14% (up from net loss in 2Q 2024). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 33% per year, which means it has not declined as severely as earnings. Announcement • Aug 27
SHIKIGAKU. Co., Ltd. to Report Q2, 2025 Results on Oct 11, 2024 SHIKIGAKU. Co., Ltd. announced that they will report Q2, 2025 results on Oct 11, 2024 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¥571, the stock trades at a forward P/E ratio of 63x. Average forward P/E is 15x in the Professional Services industry in Japan. Total loss to shareholders of 58% over the past three years. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to JP¥708, the stock trades at a forward P/E ratio of 78x. Average forward P/E is 17x in the Professional Services industry in Japan. Total loss to shareholders of 51% over the past three years. Buy Or Sell Opportunity • Jul 19
Now 29% overvalued after recent price rise Over the last 90 days, the stock has risen 46% to JP¥708. The fair value is estimated to be JP¥549, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 135% in the next 2 years. New Risk • Jul 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 6.1% 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 (6.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥5.28b market cap, or US$33.7m). Reported Earnings • Jul 13
First quarter 2025 earnings released: EPS: JP¥12.12 (vs JP¥9.22 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥12.12 (up from JP¥9.22 loss in 1Q 2024). Revenue: JP¥1.33b (up 11% from 1Q 2024). Net income: JP¥106.0m (up JP¥187.0m from 1Q 2024). Profit margin: 8.0% (up from net loss in 1Q 2024). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Announcement • Jul 10
SHIKIGAKU. Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2025 SHIKIGAKU. Co., Ltd. provided consolidated earnings guidance for the fiscal year ending February 28, 2025 . For the year, the company expects net sales of JPY 5,245 million, operating profit of JPY 168 million, profit attributable to owners of parent of JPY 37 million and basic earnings per share of JPY 4.21. Announcement • May 29
SHIKIGAKU. Co., Ltd. to Report Q1, 2025 Results on Jul 10, 2024 SHIKIGAKU. Co., Ltd. announced that they will report Q1, 2025 results on Jul 10, 2024 Reported Earnings • Apr 14
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: JP¥11.04 loss per share (improved from JP¥31.17 loss in FY 2023). Revenue: JP¥4.83b (up 8.3% from FY 2023). Net loss: JP¥97.0m (loss narrowed 62% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Announcement • Apr 13
SHIKIGAKU. Co., Ltd., Annual General Meeting, May 29, 2024 SHIKIGAKU. Co., Ltd., Annual General Meeting, May 29, 2024. Announcement • Apr 12
SHIKIGAKU. Co., Ltd. (TSE:7049) announces an Equity Buyback for 390,000 shares, representing 4.44% for ¥200 million. SHIKIGAKU. Co., Ltd. (TSE:7049) announces a share repurchase program. Under the program, the company will repurchase up to 390,000 shares, representing 4.44% of its issued share capital (excluding treasury stock), for a total purchase price of ¥100 million. The purpose of the program is to carry out a flexible capital policy in response to changes in the business environment. The program will continue through December 31, 2024. As of February 29, 2024, the company had 8,783,895 issued shares (excluding treasury stock) and 349,101 treasury shares. Announcement • Feb 28
SHIKIGAKU. Co., Ltd. to Report Fiscal Year 2024 Results on Apr 12, 2024 SHIKIGAKU. Co., Ltd. announced that they will report fiscal year 2024 results on Apr 12, 2024 Reported Earnings • Jan 13
Third quarter 2024 earnings released: EPS: JP¥2.59 (vs JP¥7.46 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥2.59 (up from JP¥7.46 loss in 3Q 2023). Revenue: JP¥1.25b (up 12% from 3Q 2023). Net income: JP¥22.7m (up JP¥82.7m from 3Q 2023). Profit margin: 1.8% (up from net loss in 3Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Announcement • Jan 11
Shikigaku. Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024 SHIKIGAKU. Co., Ltd. provided consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expects net sales of JPY 4,831 million, operating loss of JPY 119 million, loss attributable to owners of parent of JPY 82 million and basic loss per share of JPY 9.34. Announcement • Nov 29
SHIKIGAKU. Co., Ltd. to Report Q3, 2024 Results on Jan 11, 2024 SHIKIGAKU. Co., Ltd. announced that they will report Q3, 2024 results on Jan 11, 2024 Reported Earnings • Oct 13
Second quarter 2024 earnings released: JP¥6.38 loss per share (vs JP¥3.84 loss in 2Q 2023) Second quarter 2024 results: JP¥6.38 loss per share (further deteriorated from JP¥3.84 loss in 2Q 2023). Revenue: JP¥1.10b (up 1.6% from 2Q 2023). Net loss: JP¥56.0m (loss widened 81% from 2Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.0% 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 43 percentage points per year, which is a significant difference in performance. Announcement • Sep 06
SHIKIGAKU. Co., Ltd. to Report Q2, 2024 Results on Oct 12, 2023 SHIKIGAKU. Co., Ltd. announced that they will report Q2, 2024 results on Oct 12, 2023 New Risk • Aug 20
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 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Shareholders have been diluted in the past year (8.9% increase in shares outstanding). Market cap is less than US$100m (JP¥6.38b market cap, or US$43.9m). Reported Earnings • Jul 15
First quarter 2024 earnings released: JP¥9.22 loss per share (vs JP¥3.22 loss in 1Q 2023) First quarter 2024 results: JP¥9.22 loss per share (further deteriorated from JP¥3.22 loss in 1Q 2023). Revenue: JP¥1.20b (up 8.4% from 1Q 2023). Net loss: JP¥81.0m (loss widened 212% from 1Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Announcement • Jul 14
SHIKIGAKU. Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024 SHIKIGAKU. Co., Ltd. provided consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expects net sales of JPY 5,224 million, operating profit of JPY 168 million, profit attributable to owners of parent of JPY 35 million and basic earnings per share of JPY 3.89. Announcement • Jun 09
SHIKIGAKU. Co., Ltd. to Report Q1, 2024 Results on Jul 13, 2023 SHIKIGAKU. Co., Ltd. announced that they will report Q1, 2024 results on Jul 13, 2023 Reported Earnings • Jun 02
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: JP¥31.17 loss per share (down from JP¥28.95 profit in FY 2022). Revenue: JP¥4.46b (up 17% from FY 2022). Net loss: JP¥252.0m (down 213% from profit in FY 2022). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 7.5%. 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, earnings per share has fallen by 34% 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. Reported Earnings • Apr 16
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: JP¥31.17 loss per share (down from JP¥28.95 profit in FY 2022). Revenue: JP¥4.46b (up 17% from FY 2022). Net loss: JP¥252.0m (down 213% from profit in FY 2022). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) missed analyst estimates by 7.5%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 34% 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 • Feb 08
SHIKIGAKU. Co., Ltd. announced that it has received ¥499.9505 million in funding from TKP Corporation On February 6, 2023, SHIKIGAKU. Co., Ltd. closed the transaction. Announcement • Jan 11
SHIKIGAKU. Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2023 SHIKIGAKU. Co., Ltd. provided consolidated earnings guidance for the fiscal year ending February 28, 2023. For the period, the company expected net sales of JPY 4,600 million, operating loss of JPY 100 million, loss attributable to owners of parent of JPY 180 million and basic loss per share of JPY 21.78. Reported Earnings • Jan 11
Third quarter 2023 earnings released: JP¥7.52 loss per share (vs JP¥2.71 profit in 3Q 2022) Third quarter 2023 results: JP¥7.52 loss per share (down from JP¥2.71 profit in 3Q 2022). Revenue: JP¥1.12b (up 11% from 3Q 2022). Net loss: JP¥60.4m (down 388% from profit in 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Announcement • Dec 02
SHIKIGAKU. Co., Ltd. to Report Q3, 2023 Results on Jan 10, 2023 SHIKIGAKU. Co., Ltd. announced that they will report Q3, 2023 results on Jan 10, 2023 Price Target Changed • Nov 16
Price target decreased to JP¥700 Down from JP¥1,400, the current price target is provided by 1 analyst. New target price is 17% above last closing price of JP¥597. Stock is down 74% over the past year. The company is forecast to post a net loss per share of JP¥22.30 compared to earnings per share of JP¥28.95 last year. Announcement • Oct 15
SHIKIGAKU. Co., Ltd. (TSE:7049) announces an Equity Buyback for 165,000 shares, representing 1.99% for ¥100 million. SHIKIGAKU. Co., Ltd. (TSE:7049) announces a share repurchase program. Under the program, the company will repurchase up to 165,000 shares, representing 1.99% of its issued share capital (excluding treasury stock), for a total purchase price of ¥100 million. The purpose of the program is to carry out a flexible capital policy in response to changes in the business environment. The program will continue through November 22, 2022. As of August 31, 2022, the company had 8,276,100 issued shares (excluding treasury stock) and 184,101 treasury shares. Major Estimate Revision • Oct 07
Consensus EPS estimates have been downgraded. The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥4.95b to JP¥4.60b. Now expected to report a loss of JP¥22.30 per share instead of JP¥24.80 per share profit previously forecast. Professional Services industry in Japan expected to see average net income growth of 11% next year. Consensus price target down from JP¥1,400 to JP¥700. Share price fell 20% to JP¥513 over the past week. Reported Earnings • Oct 02
Second quarter 2023 earnings released: JP¥3.84 loss per share (vs JP¥13.05 profit in 2Q 2022) Second quarter 2023 results: JP¥3.84 loss per share (down from JP¥13.05 profit in 2Q 2022). Revenue: JP¥1.08b (up 13% from 2Q 2022). Net loss: JP¥31.0m (down 131% from profit in 2Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Professional Services industry in Japan. Announcement • Aug 31
SHIKIGAKU. Co., Ltd. to Report Q2, 2023 Results on Sep 30, 2022 SHIKIGAKU. Co., Ltd. announced that they will report Q2, 2023 results on Sep 30, 2022 Announcement • Jul 02
SHIKIGAKU. Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2023 SHIKIGAKU. Co., Ltd. provided consolidated earnings guidance for the fiscal year ending February 28, 2023. For the year, the company expects Net sales to be JPY 4,962 million, Operating profit to be JPY 400 million, Profit attributable to owners of parent to be JPY 204 million and Basic earnings per share to be JPY 24.94. Reported Earnings • Jul 02
First quarter 2023 earnings released: JP¥3.22 loss per share (vs JP¥2.80 profit in 1Q 2022) First quarter 2023 results: JP¥3.22 loss per share (down from JP¥2.80 profit in 1Q 2022). Revenue: JP¥1.10b (up 31% from 1Q 2022). Net loss: JP¥26.0m (down 224% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 30%, compared to a 13% growth forecast for the industry in Japan. Reported Earnings • Jun 03
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: JP¥28.95 (up from JP¥5.52 loss in FY 2021). Revenue: JP¥3.82b (up 53% from FY 2021). Net income: JP¥224.0m (up JP¥265.0m from FY 2021). Profit margin: 5.9% (up from net loss in FY 2021). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 25%. Over the next year, revenue is forecast to grow 29%, compared to a 12% growth forecast for the industry in Japan. Announcement • May 29
SHIKIGAKU. Co., Ltd. to Report Q1, 2023 Results on Jun 30, 2022 SHIKIGAKU. Co., Ltd. announced that they will report Q1, 2023 results on Jun 30, 2022 Announcement • May 24
SHIKIGAKU. Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2023 SHIKIGAKU. Co., Ltd. provided earnings guidance for the fiscal year ending February 28, 2023. For the year, the company expects net sales of JPY 4,962,000,000(+29.8% from the previous year), operating income of JPY 400,000,000(+11.3% from the previous year). Net income attributable to owners of the parent company was JPY 204,000,000 (-9.1% from the previous year). Price Target Changed • Apr 27
Price target decreased to JP¥1,400 Down from JP¥3,000, the current price target is provided by 1 analyst. New target price is 92% above last closing price of JP¥729. Stock is down 58% over the past year. The company is forecast to post earnings per share of JP¥24.60 for next year compared to JP¥29.06 last year. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. GM of Business Promotion Department & Director Daisuke Sasaki was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorated over the past week After last week's 34% share price decline to JP¥874, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 21x in the Professional Services industry in Japan. Total loss to shareholders of 57% over the past three years. Price Target Changed • Apr 18
Price target decreased to JP¥1,400 Down from JP¥3,000, the current price target is provided by 1 analyst. New target price is 48% above last closing price of JP¥943. Stock is down 51% over the past year. The company is forecast to post earnings per share of JP¥24.60 for next year compared to JP¥29.06 last year. Reported Earnings • Apr 15
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: JP¥28.95 (up from JP¥5.52 loss in FY 2021). Revenue: JP¥3.82b (up 53% from FY 2021). Net income: JP¥224.0m (up JP¥265.0m from FY 2021). Profit margin: 5.9% (up from net loss in FY 2021). Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 25%. Over the next year, revenue is forecast to grow 29%, compared to a 12% growth forecast for the industry in Japan. Announcement • Jan 30
SHIKIGAKU. Co., Ltd. to Report Fiscal Year 2022 Results on Apr 14, 2022 SHIKIGAKU. Co., Ltd. announced that they will report fiscal year 2022 results on Apr 14, 2022 Major Estimate Revision • Jan 06
Consensus EPS estimates fall by 33% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from JP¥4.00b to JP¥3.95b. EPS estimate also fell from JP¥36.90 per share to JP¥24.70 per share. Net income forecast to grow 201% next year vs 21% growth forecast for Professional Services industry in Japan. Consensus price target of JP¥3,800 unchanged from last update. Share price fell 26% to JP¥1,218 over the past week. Reported Earnings • Jan 01
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: JP¥2.74 (down from JP¥3.50 in 3Q 2021). Revenue: JP¥1.01b (up 38% from 3Q 2021). Net income: JP¥21.2m (down 18% from 3Q 2021). Profit margin: 2.1% (down from 3.6% in 3Q 2021). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) exceeded analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Over the next year, revenue is forecast to grow 36%, compared to a 13% growth forecast for the industry in Japan. Announcement • Dec 30
SHIKIGAKU. Co., Ltd. Provides Earnings Guidance for Fiscal Year ending February 28, 2022 SHIKIGAKU. Co., Ltd. provided earnings guidance for the Fiscal Year ending February 28, 2022. The company expects net sales to be JPY 3,798 million, operating profit to be JPY 400 million, profit attributable to owners of parent to be JPY 153 million and basic earnings per share to be JPY 20.33. Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment deteriorated over the past week After last week's 23% share price decline to JP¥1,647, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 26x in the Professional Services industry in Japan. Total returns to shareholders of 26% over the past year. Reported Earnings • Oct 01
Second quarter 2022 earnings released: EPS JP¥13.05 (vs JP¥0.95 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥957.0m (up 77% from 2Q 2021). Net income: JP¥99.0m (up JP¥106.0m from 2Q 2021). Profit margin: 10% (up from net loss in 2Q 2021). Announcement • Jul 02
SHIKIGAKU. Co., Ltd. Provides Earnings Guidance for the Full Year Ending February 28, 2022 SHIKIGAKU. Co., Ltd. provided earnings guidance for the full year ending February 28, 2022. For the year, the company expects net sales to be JPY 3,798 million. Operating profit is expected to be JPY 400 million. Ordinary profit is expected to be JPY 353 million. Profit attributable to owners of parent is expected to be JPY 153 million. Basic earnings per share is expected to be JPY 20.33. Reported Earnings • Jul 01
First quarter 2022 earnings released: EPS JP¥2.84 (vs JP¥6.69 in 1Q 2021) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥844.1m (up 80% from 1Q 2021). Net income: JP¥21.3m (down 57% from 1Q 2021). Profit margin: 2.5% (down from 11% in 1Q 2021). Reported Earnings • May 30
Full year 2021 earnings released: JP¥5.52 loss per share (vs JP¥23.87 profit in FY 2020) The company reported a mediocre full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: JP¥2.51b (up 46% from FY 2020). Net loss: JP¥41.0m (down 123% from profit in FY 2020). Reported Earnings • Apr 16
Full year 2021 earnings released: JP¥5.52 loss per share (vs JP¥23.87 profit in FY 2020) The company reported a mediocre full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: JP¥2.51b (up 46% from FY 2020). Net loss: JP¥41.0m (down 123% from profit in FY 2020). Announcement • Apr 16
SHIKIGAKU. Co., Ltd. Provides Earnings Guidance for the Full Year Ending February 28, 2022 SHIKIGAKU. Co., Ltd. provided earnings guidance for the full year ending February 28, 2022. For the year, the company expects net sales to be JPY 3,798 million. Operating profit is expected to be JPY 400 million. Ordinary profit is expected to be JPY 353 million. Profit attributable to owners of parent is expected to be JPY 153 million. Basic earnings per share is expected to be JPY 20.33. Announcement • Apr 08
SHIKIGAKU. Co., Ltd. announced that it has received ¥7.7704 million in funding from SMBC Nikko Securities Inc. On April 6, 2021, SHIKIGAKU. Co., Ltd. (TSE:7049) closed the transaction. The warrants will be exercised between April 7, 2021 to April 28, 2023. Announcement • Mar 18
SHIKIGAKU. Co., Ltd. announced that it expects to receive ¥7.7704 million in funding from SMBC Nikko Securities Inc. SHIKIGAKU. Co., Ltd. (TSE:7049) announced that it will issue 8,800 stock acquisition rights at a price of ¥883 per right for gross proceeds of ¥7,770,400 on March 17, 2021. There is no minimum exercise price for the stock acquisition rights. The transaction will include participation from SMBC Nikko Securities Inc. The company will receive funding through third party allotment of capital. Announcement • Mar 07
SHIKIGAKU. Co., Ltd. to Report Fiscal Year 2021 Results on Apr 14, 2021 SHIKIGAKU. Co., Ltd. announced that they will report fiscal year 2021 results on Apr 14, 2021 Is New 90 Day High Low • Feb 19
New 90-day high: JP¥2,449 The company is up 68% from its price of JP¥1,460 on 20 November 2020. The Japanese market is up 12% 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. Is New 90 Day High Low • Jan 20
New 90-day high: JP¥1,680 The company is up 7.0% from its price of JP¥1,576 on 22 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Professional Services industry, which is up 2.0% over the same period. Analyst Estimate Surprise Post Earnings • Jan 19
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) missed analyst estimates by 10%. Over the next year, revenue is forecast to grow 50%, compared to a 5.1% growth forecast for the Professional Services industry in Japan. Analyst Estimate Surprise Post Earnings • Jan 16
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) missed analyst estimates by 10%. Over the next year, revenue is forecast to grow 50%, compared to a 4.6% growth forecast for the Professional Services industry in Japan. 
