Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Outside Independent Non-Executive Director Kiyoshi Hirono was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥26.93 (vs JP¥25.15 in FY 2025) Full year 2026 results: EPS: JP¥26.93 (up from JP¥25.15 in FY 2025). Revenue: JP¥10.3b (up 26% from FY 2025). Net income: JP¥581.0m (up 5.3% from FY 2025). Profit margin: 5.6% (down from 6.7% 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 9% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • May 14
CELM,Inc., Annual General Meeting, Jun 26, 2026 CELM,Inc., Annual General Meeting, Jun 26, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). New Risk • Mar 19
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 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¥7.08b market cap, or US$44.5m). Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥14.09 (vs JP¥12.83 in 3Q 2025) Third quarter 2026 results: EPS: JP¥14.09 (up from JP¥12.83 in 3Q 2025). Revenue: JP¥2.95b (up 26% from 3Q 2025). Net income: JP¥305.0m (up 11% from 3Q 2025). Profit margin: 10% (down from 12% 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 12% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Declared Dividend • Dec 09
First half dividend of JP¥8.00 announced Shareholders will receive a dividend of JP¥8.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 4.3%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 35% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 33% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥12.25 (vs JP¥7.79 in 2Q 2025) Second quarter 2026 results: EPS: JP¥12.25 (up from JP¥7.79 in 2Q 2025). Revenue: JP¥2.76b (up 44% from 2Q 2025). Net income: JP¥264.0m (up 55% from 2Q 2025). Profit margin: 9.6% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 09 December 2025. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%). New Risk • Aug 15
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 52% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (52% net debt to equity). Market cap is less than US$100m (JP¥7.59b market cap, or US$51.6m). Declared Dividend • Jul 09
Final dividend of JP¥7.00 announced Shareholders will receive a dividend of JP¥7.00. Ex-date: 29th September 2025 Payment date: 9th December 2025 Dividend yield will be 4.5%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 49% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 9.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • May 15
Full year 2025 earnings released: EPS: JP¥25.15 (vs JP¥27.19 in FY 2024) Full year 2025 results: EPS: JP¥25.15 (down from JP¥27.19 in FY 2024). Revenue: JP¥8.18b (up 9.1% from FY 2024). Net income: JP¥552.0m (down 13% from FY 2024). Profit margin: 6.7% (down from 8.4% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 18% per year. Announcement • May 13
CELM,Inc., Annual General Meeting, Jun 26, 2025 CELM,Inc., Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥288, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 14x in the Professional Services industry in Japan. Total returns to shareholders of 34% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.1%). New Risk • Feb 12
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 3.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. 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 High level of debt (48% net debt to equity). 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¥7.65b market cap, or US$49.8m). Reported Earnings • Feb 11
Third quarter 2025 earnings released: EPS: JP¥12.83 (vs JP¥13.35 in 3Q 2024) Third quarter 2025 results: EPS: JP¥12.83 (down from JP¥13.35 in 3Q 2024). Revenue: JP¥2.34b (up 3.9% from 3Q 2024). Net income: JP¥275.0m (down 11% from 3Q 2024). Profit margin: 12% (down from 14% 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 24% per year whereas the company’s share price has increased by 20% per year. Declared Dividend • Dec 10
First half dividend of JP¥9.00 announced Shareholders will receive a dividend of JP¥9.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 5.3%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 59% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 12% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 15
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: JP¥1.92b (flat on 2Q 2024). Net income: JP¥170.7m (down 8.7% from 2Q 2024). Profit margin: 8.9% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. New Risk • Nov 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 6.6% 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 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 (6.6% average weekly change). Market cap is less than US$100m (JP¥7.54b market cap, or US$48.8m). Upcoming Dividend • Sep 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.0%). Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: JP¥10.78 (vs JP¥8.72 in 1Q 2024) First quarter 2025 results: EPS: JP¥10.78 (up from JP¥8.72 in 1Q 2024). Revenue: JP¥1.62b (up 6.4% from 1Q 2024). Net income: JP¥124.0m (up 20% from 1Q 2024). Profit margin: 7.6% (up from 6.7% in 1Q 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥584, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 16x in the Professional Services industry in Japan. Total returns to shareholders of 43% over the past three years. Buy Or Sell Opportunity • Aug 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.7% to JP¥584. The fair value is estimated to be JP¥741, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 33%. Buy Or Sell Opportunity • Jul 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to JP¥810. The fair value is estimated to be JP¥668, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 33%. Declared Dividend • Jul 11
Final dividend of JP¥10.00 announced Shareholders will receive a dividend of JP¥10.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 2.6%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 63% per year over the past 2 years and payments have been stable during that time. Earnings per share has grown by 8.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jul 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.5% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (JP¥9.37b market cap, or US$58.0m). New Risk • May 24
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 7.1% 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 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 (7.1% average weekly change). Market cap is less than US$100m (JP¥10.5b market cap, or US$67.0m). Buy Or Sell Opportunity • May 24
Now 38% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to JP¥909. The fair value is estimated to be JP¥660, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 33%. Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥54.39 (vs JP¥43.03 in FY 2023) Full year 2024 results: EPS: JP¥54.39 (up from JP¥43.03 in FY 2023). Revenue: JP¥7.50b (up 3.3% from FY 2023). Net income: JP¥631.0m (up 16% from FY 2023). Profit margin: 8.4% (up from 7.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • May 16
CELM,Inc., Annual General Meeting, Jun 27, 2024 CELM,Inc., Annual General Meeting, Jun 27, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.1%). Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥683, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total loss to shareholders of 11% over the past year. New Risk • Feb 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 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 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 (5.9% average weekly change). Market cap is less than US$100m (JP¥8.54b market cap, or US$57.2m). Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥26.69 (vs JP¥20.07 in 3Q 2023) Third quarter 2024 results: EPS: JP¥26.69 (up from JP¥20.07 in 3Q 2023). Revenue: JP¥2.26b (up 2.3% from 3Q 2023). Net income: JP¥308.0m (up 25% from 3Q 2023). Profit margin: 14% (up from 11% in 3Q 2023). Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥16.27 (vs JP¥12.63 in 2Q 2023) Second quarter 2024 results: EPS: JP¥16.27 (up from JP¥12.63 in 2Q 2023). Revenue: JP¥1.90b (up 6.0% from 2Q 2023). Net income: JP¥187.0m (up 18% from 2Q 2023). Profit margin: 9.8% (up from 8.8% in 2Q 2023). The increase in margin was driven by higher revenue. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥8.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.3%). Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥897, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 20x in the Professional Services industry in Japan. Total returns to shareholders of 14% over the past year. New Risk • Aug 14
New minor risk - Dividend sustainability The company has a short dividend paying track record. Continuous dividend paying years: 1 Dividend yield: 1.9% 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 (1 year of continuous dividend payments). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥10.1b market cap, or US$69.9m). Buying Opportunity • Aug 14
Now 35% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,391, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.7% over the last year. Earnings per share has grown by 47%. New Risk • Aug 13
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥12.8b market cap, or US$88.0m). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥8.72 (vs JP¥8.35 in 1Q 2023) First quarter 2024 results: EPS: JP¥8.72. Revenue: JP¥1.53b (up 3.9% from 1Q 2023). Net income: JP¥103.0m (down 7.2% from 1Q 2023). Profit margin: 6.7% (down from 7.6% in 1Q 2023). Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥1,279, the stock trades at a trailing P/E ratio of 32.2x. Average trailing P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 81% over the past year. Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥43.03 (vs JP¥28.58 in FY 2022) Full year 2023 results: EPS: JP¥43.03 (up from JP¥28.58 in FY 2022). Revenue: JP¥7.27b (up 12% from FY 2022). Net income: JP¥542.0m (up 45% from FY 2022). Profit margin: 7.5% (up from 5.8% in FY 2022). The increase in margin was driven by higher revenue. Announcement • May 14
CELM,Inc., Annual General Meeting, Jun 29, 2023 CELM,Inc., Annual General Meeting, Jun 29, 2023. Buying Opportunity • Apr 04
Now 20% undervalued Over the last 90 days, the stock is up 33%. The fair value is estimated to be JP¥988, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 9.6%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥7.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.4%). Buying Opportunity • Mar 09
Now 20% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be JP¥1,030, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 9.6%. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥20.07 (vs JP¥10.03 in 3Q 2022) Third quarter 2023 results: EPS: JP¥20.07 (up from JP¥10.03 in 3Q 2022). Revenue: JP¥2.21b (up 16% from 3Q 2022). Net income: JP¥247.0m (up 87% from 3Q 2022). Profit margin: 11% (up from 6.9% in 3Q 2022). The increase in margin was driven by higher revenue. Announcement • Feb 11
CELM,Inc. (TSE:7367) announces an Equity Buyback for 800,000 shares, representing 6.5% for ¥640 million. CELM,Inc. (TSE:7367) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 6.5% of its issued share capital, for ¥640 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. The program will continue through July 4, 2023. Announcement • Nov 27
CELM,Inc. to Report Q3, 2023 Results on Feb 10, 2023 CELM,Inc. announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent External Director Mihoko Shintani 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. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 24% share price gain to JP¥780, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 20x in the Professional Services industry in Japan. Total returns to shareholders of 69% over the past year. Board Change • Jul 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent External Director Mihoko Shintani 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 • Jun 25
CELM,Inc. to Report Q1, 2023 Results on Aug 12, 2022 CELM,Inc. announced that they will report Q1, 2023 results on Aug 12, 2022 Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,434, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 16x in the Professional Services industry in Japan. Total returns to shareholders of 51% over the past year. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥949, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 17x in the Professional Services industry in Japan. Total loss to shareholders of 5.5% over the past year. Announcement • May 28
CELM,Inc. (TSE:7367) announces an Equity Buyback for 900,000 shares, representing 13.4% for ¥700 million. CELM,Inc. (TSE:7367) announces a share repurchase program. Under the program, the company will repurchase up to 900,000 shares, representing 13.4% of its issued share capital (excluding treasury stock), for a total purchase price of ¥700 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment. The program will continue through August 29, 2022. Announcement • May 18
CELM,Inc., Annual General Meeting, Jun 29, 2022 CELM,Inc., Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent External Director Mihoko Shintani 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
CELM,Inc. to Report Fiscal Year 2022 Results on May 13, 2022 CELM,Inc. announced that they will report fiscal year 2022 results on May 13, 2022 Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥937, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 24x in the Professional Services industry in Japan. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 22% share price gain to JP¥1,068, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 22x in the Professional Services industry in Japan. Reported Earnings • May 19
Full year 2021 earnings released: EPS JP¥29.36 (vs JP¥66.65 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥4.60b (down 13% from FY 2020). Net income: JP¥148.0m (down 56% from FY 2020). Profit margin: 3.2% (down from 6.3% in FY 2020). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥980, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 22x in the Professional Services industry in Japan. 
