Announcement • Aug 01
Tanseisha Co., Ltd. (TSE:9743) announces an Equity Buyback for 2,300,000 shares, representing 4.78% for ¥2,500 million. Tanseisha Co., Ltd. (TSE:9743) announces a share repurchase program. Under the program, the company will repurchase up to 2,300,000 shares, representing 4.78% of its total shares outstanding excluding treasury shares, for a total of ¥2,500 million. The purpose of repurchase program is to improve capital efficiency and enhance per-share shareholder value through a reduction in the total number of outstanding shares. The repurchase program is valid till October 30, 2026. As of April 30, 2026, the company had 48,105,580 shares outstanding excluding treasury shares and had 318,491 shares in treasury. Upcoming Dividend • Jul 23
Upcoming dividend of JP¥36.00 per share Eligible shareholders must have bought the stock before 30 July 2026. Payment date: 05 October 2026. Payout ratio is on the higher end at 75%, and the cash payout ratio is above 100%. Trailing yield: 5.2%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.0%). Announcement • Jun 29
Tanseisha Co., Ltd. to Report Q2, 2027 Results on Sep 11, 2026 Tanseisha Co., Ltd. announced that they will report Q2, 2027 results at 9:00 AM, Tokyo Standard Time on Sep 11, 2026 Reported Earnings • Jun 15
First quarter 2027 earnings released: EPS: JP¥34.76 (vs JP¥65.87 in 1Q 2026) First quarter 2027 results: EPS: JP¥34.76 (down from JP¥65.87 in 1Q 2026). Revenue: JP¥26.6b (down 22% from 1Q 2026). Net income: JP¥1.65b (down 47% from 1Q 2026). Profit margin: 6.2% (down from 9.1% in 1Q 2026). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.1% 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 increased by 50% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 11
Final dividend increased to JP¥36.00 Dividend of JP¥36.00 is 2.9% higher than last year. Ex-date: 30th July 2026 Payment date: 5th October 2026 Dividend yield will be 5.1%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (46% earnings payout ratio) but not covered by cash flows (105% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 18
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥127 (up from JP¥82.15 in FY 2025). Revenue: JP¥107.2b (up 17% from FY 2025). Net income: JP¥5.99b (up 55% from FY 2025). Profit margin: 5.6% (up from 4.2% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Mar 17
Tanseisha Co., Ltd., Annual General Meeting, Apr 23, 2026 Tanseisha Co., Ltd., Annual General Meeting, Apr 23, 2026. Upcoming Dividend • Jan 22
Upcoming dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 29 January 2026. Payment date: 27 April 2026. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.2%). Announcement • Jan 06
Tanseisha Co., Ltd. to Report Fiscal Year 2026 Results on Mar 17, 2026 Tanseisha Co., Ltd. announced that they will report fiscal year 2026 results on Mar 17, 2026 Reported Earnings • Dec 15
Third quarter 2026 earnings released: EPS: JP¥31.03 (vs JP¥22.92 in 3Q 2025) Third quarter 2026 results: EPS: JP¥31.03 (up from JP¥22.92 in 3Q 2025). Revenue: JP¥26.5b (up 14% from 3Q 2025). Net income: JP¥1.47b (up 36% from 3Q 2025). Profit margin: 5.5% (up from 4.6% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is expected to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Professional Services industry in Japan are expected to grow by 7.0%. 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 26% per year, which means it is significantly lagging earnings growth. Announcement • Oct 28
Tanseisha Co., Ltd. to Report Q3, 2026 Results on Dec 12, 2025 Tanseisha Co., Ltd. announced that they will report Q3, 2026 results on Dec 12, 2025 Declared Dividend • Oct 04
First half dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 29th January 2026 Payment date: 25th April 2026 Dividend yield will be 5.2%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (49% earnings payout ratio) and cash flows (69% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 16% over the next 3 years. However, it would need to fall by 45% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Sep 14
Second quarter 2026 earnings released: EPS: JP¥15.36 (vs JP¥7.00 in 2Q 2025) Second quarter 2026 results: EPS: JP¥15.36 (up from JP¥7.00 in 2Q 2025). Revenue: JP¥22.0b (up 21% from 2Q 2025). Net income: JP¥725.0m (up 120% from 2Q 2025). Profit margin: 3.3% (up from 1.8% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 6.9% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. New Risk • Aug 17
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 5.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (416% cash payout ratio). Share price has been volatile over the past 3 months (5.0% average weekly change). Upcoming Dividend • Jul 23
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 30 July 2025. Payment date: 06 October 2025. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 5.3%. Within top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.2%). Announcement • Jul 02
Tanseisha Co., Ltd. to Report Q2, 2026 Results on Sep 12, 2025 Tanseisha Co., Ltd. announced that they will report Q2, 2026 results on Sep 12, 2025 Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,269, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 16x in the Professional Services industry in Japan. Total returns to shareholders of 78% over the past three years. New Risk • Jun 16
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.7% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (356% cash payout ratio). Share price has been volatile over the past 3 months (7.7% average weekly change). New Risk • Jun 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 6.7% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (356% cash payout ratio). Reported Earnings • Jun 15
First quarter 2026 earnings released: EPS: JP¥65.87 (vs JP¥24.29 in 1Q 2025) First quarter 2026 results: EPS: JP¥65.87 (up from JP¥24.29 in 1Q 2025). Revenue: JP¥34.0b (up 50% from 1Q 2025). Net income: JP¥3.11b (up 169% from 1Q 2025). Profit margin: 9.1% (up from 5.1% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 6.7% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 08
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 30th July 2025 Payment date: 6th October 2025 Dividend yield will be 5.8%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by earnings (55% earnings payout ratio) but not covered by cash flows (356% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 02
Tanseisha Co., Ltd. to Report Q1, 2026 Results on Jun 13, 2025 Tanseisha Co., Ltd. announced that they will report Q1, 2026 results on Jun 13, 2025 Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to JP¥1,135, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Professional Services industry in Japan. Total returns to shareholders of 59% over the past three years. Announcement • Mar 19
Tanseisha Co., Ltd. Announces Year End Dividend for the Fiscal Year Ended January 31, 2025, Payable on April 25, 2025; Provides Second Quarter-End Dividend Guidance for the Fiscal Year Ending January 31, 2026 Tanseisha Co., Ltd. announced year end dividend for the Fiscal year ended January 31, 2025. For the year, the company announced dividend of JPY 30.00 per share compared to JPY 15.00 per share a year ago. Scheduled date to commence dividend payments: April 25, 2025
The company provided second quarter-end dividend guidance for the fiscal year ending January 31, 2026. For the second quarter-end, the company expects dividend of JPY 30.00 per share compared to JPY 15.00 per share a year ago. Reported Earnings • Mar 18
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥82.15 (up from JP¥58.06 in FY 2024). Revenue: JP¥91.9b (up 13% from FY 2024). Net income: JP¥3.88b (up 40% from FY 2024). Profit margin: 4.2% (up from 3.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jan 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 January 2025. Payment date: 28 April 2025. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (0.9%). Announcement • Jan 17
Tanseisha Co., Ltd. to Report Fiscal Year 2025 Results on Mar 17, 2025 Tanseisha Co., Ltd. announced that they will report fiscal year 2025 results on Mar 17, 2025 Announcement • Jan 09
Tanseisha Co., Ltd. has filed a Follow-on Equity Offering. Tanseisha Co., Ltd. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,036,900 New Risk • Dec 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: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (158% cash payout ratio). Share price has been volatile over the past 3 months (5.2% average weekly change). Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥975, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Professional Services industry in Japan. Total returns to shareholders of 39% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥491 per share. Reported Earnings • Dec 15
Third quarter 2025 earnings released: EPS: JP¥22.92 (vs JP¥8.87 in 3Q 2024) Third quarter 2025 results: EPS: JP¥22.92 (up from JP¥8.87 in 3Q 2024). Revenue: JP¥23.2b (up 20% from 3Q 2024). Net income: JP¥1.08b (up 154% from 3Q 2024). Profit margin: 4.6% (up from 2.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Nov 21
Tanseisha Co., Ltd. to Report Q3, 2025 Results on Dec 13, 2024 Tanseisha Co., Ltd. announced that they will report Q3, 2025 results on Dec 13, 2024 Reported Earnings • Sep 17
Second quarter 2025 earnings released: EPS: JP¥7.00 (vs JP¥7.99 in 2Q 2024) Second quarter 2025 results: EPS: JP¥7.00 (down from JP¥7.99 in 2Q 2024). Revenue: JP¥18.3b (down 4.5% from 2Q 2024). Net income: JP¥329.0m (down 14% from 2Q 2024). Profit margin: 1.8% (down from 2.0% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Professional Services industry in Japan. 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 1% per year, which means it is significantly lagging earnings. Declared Dividend • Sep 15
Dividend of JP¥15.00 announced Dividend of JP¥15.00 is the same as last year. Ex-date: 30th January 2025 Payment date: 28th April 2025 Dividend yield will be 3.5%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (42% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥801, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 15x in the Professional Services industry in Japan. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,417 per share. Announcement • Jul 27
Tanseisha Co., Ltd. to Report Q2, 2025 Results on Sep 13, 2024 Tanseisha Co., Ltd. announced that they will report Q2, 2025 results on Sep 13, 2024 Upcoming Dividend • Jul 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 July 2024. Payment date: 03 October 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (0.9%). Buy Or Sell Opportunity • Jul 10
Now 21% undervalued Over the last 90 days, the stock has risen 6.5% to JP¥982. The fair value is estimated to be JP¥1,240, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 3.9% in a year. Earnings are forecast to grow by 2.7% in the next year. Buy Or Sell Opportunity • Jul 01
Now 21% undervalued Over the last 90 days, the stock has risen 10% to JP¥982. The fair value is estimated to be JP¥1,241, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 14%. Reported Earnings • Jun 17
First quarter 2025 earnings released: EPS: JP¥24.29 (vs JP¥11.45 in 1Q 2024) First quarter 2025 results: EPS: JP¥24.29 (up from JP¥11.45 in 1Q 2024). Revenue: JP¥22.7b (up 15% from 1Q 2024). Net income: JP¥1.16b (up 112% from 1Q 2024). Profit margin: 5.1% (up from 2.8% in 1Q 2024). The increase in margin was driven by higher revenue. 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 4% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 25
Final dividend of JP¥15.00 announced Dividend of JP¥15.00 is the same as last year. Ex-date: 30th July 2024 Payment date: 3rd October 2024 Dividend yield will be 3.6%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. New Risk • May 03
New major risk - Revenue and earnings growth Earnings have declined by 30% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 30% per year over the past 5 years. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Apr 29
Tanseisha Co., Ltd. to Report Q1, 2025 Results on Jun 13, 2024 Tanseisha Co., Ltd. announced that they will report Q1, 2025 results on Jun 13, 2024 Reported Earnings • Mar 17
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥58.06 (up from JP¥9.67 in FY 2023). Revenue: JP¥81.2b (up 26% from FY 2023). Net income: JP¥2.77b (up JP¥2.31b from FY 2023). Profit margin: 3.4% (up from 0.7% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 32%. Revenue is forecast to grow 5.4% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Mar 17
Tanseisha Co., Ltd., Annual General Meeting, Apr 25, 2024 Tanseisha Co., Ltd., Annual General Meeting, Apr 25, 2024. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥931, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Professional Services industry in Japan. Total returns to shareholders of 6.3% over the past three years. Announcement • Jan 28
Tanseisha Co., Ltd. to Report Fiscal Year 2024 Results on Mar 15, 2024 Tanseisha Co., Ltd. announced that they will report fiscal year 2024 results on Mar 15, 2024 Upcoming Dividend • Jan 23
Upcoming dividend of JP¥15.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 30 January 2024. Payment date: 30 April 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.2%). Reported Earnings • Dec 15
Third quarter 2024 earnings released: EPS: JP¥8.87 (vs JP¥4.34 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥8.87 (up from JP¥4.34 loss in 3Q 2023). Revenue: JP¥19.4b (up 28% from 3Q 2023). Net income: JP¥424.0m (up JP¥630.0m from 3Q 2023). Profit margin: 2.2% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.9% 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, earnings per share has fallen by 50% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Oct 02
Tanseisha Co., Ltd. to Report Q3, 2024 Results on Dec 14, 2023 Tanseisha Co., Ltd. announced that they will report Q3, 2024 results on Dec 14, 2023 Reported Earnings • Sep 17
Second quarter 2024 earnings released: EPS: JP¥7.99 (vs JP¥4.09 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥7.99 (up from JP¥4.09 loss in 2Q 2023). Revenue: JP¥19.2b (up 37% from 2Q 2023). Net income: JP¥381.0m (up JP¥575.0m from 2Q 2023). Profit margin: 2.0% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 9.0% 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 72 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Jul 21
Upcoming dividend of JP¥15.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 28 July 2023. Payment date: 04 October 2023. The company is paying out more than 100% of its profits and is paying out 84% of its cash flow. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.3%). Announcement • Jul 16
Tanseisha Co., Ltd. to Report Q2, 2024 Results on Sep 13, 2023 Tanseisha Co., Ltd. announced that they will report Q2, 2024 results on Sep 13, 2023 Major Estimate Revision • Jun 21
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥46.68 to JP¥39.63 per share. Revenue forecast steady at JP¥75.3b. Net income forecast to grow 514% next year vs 21% growth forecast for Professional Services industry in Japan. Consensus price target down from JP¥800 to JP¥700. Share price was steady at JP¥789 over the past week. Reported Earnings • Jun 16
First quarter 2024 earnings released: EPS: JP¥11.45 (vs JP¥13.79 in 1Q 2023) First quarter 2024 results: EPS: JP¥11.45 (down from JP¥13.79 in 1Q 2023). Revenue: JP¥19.7b (up 12% from 1Q 2023). Net income: JP¥545.0m (down 17% from 1Q 2023). Profit margin: 2.8% (down from 3.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Announcement • May 13
Tanseisha Co., Ltd. to Report Q1, 2024 Results on Jun 13, 2023 Tanseisha Co., Ltd. announced that they will report Q1, 2024 results on Jun 13, 2023 Reported Earnings • Mar 11
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥9.67 (down from JP¥30.11 in FY 2022). Revenue: JP¥64.2b (up 2.4% from FY 2022). Net income: JP¥459.0m (down 68% from FY 2022). Profit margin: 0.7% (down from 2.3% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) exceeded analyst estimates by 64%. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Major Estimate Revision • Feb 03
Consensus EPS estimates fall by 83% The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥68.3b to JP¥65.1b. EPS estimate also fell from JP¥24.25 per share to JP¥4.20 per share. Net income forecast to grow 51% next year vs 17% growth forecast for Professional Services industry in Japan. Consensus price target down from JP¥900 to JP¥800. Share price fell 2.6% to JP¥710 over the past week. Announcement • Jan 27
Tanseisha Co., Ltd. to Report Fiscal Year 2023 Results on Mar 10, 2023 Tanseisha Co., Ltd. announced that they will report fiscal year 2023 results on Mar 10, 2023 Upcoming Dividend • Jan 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 January 2023. Payment date: 27 April 2023. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.1%). Major Estimate Revision • Dec 14
Consensus EPS estimates fall by 89% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥70.3b to JP¥65.0b. EPS estimate also fell from JP¥37.90 per share to JP¥4.20 per share. Net income forecast to grow 70% next year vs 13% growth forecast for Professional Services industry in Japan. Consensus price target of JP¥900 unchanged from last update. Share price fell 9.9% to JP¥708 over the past week. Reported Earnings • Dec 09
Third quarter 2023 earnings released: JP¥4.34 loss per share (vs JP¥12.19 profit in 3Q 2022) Third quarter 2023 results: JP¥4.34 loss per share (down from JP¥12.19 profit in 3Q 2022). Revenue: JP¥15.2b (down 2.8% from 3Q 2022). Net loss: JP¥206.0m (down 136% from profit in 3Q 2022). Revenue is forecast to grow 9.9% 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 fallen by 48% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Price Target Changed • Nov 16
Price target decreased to JP¥900 Down from JP¥1,000, the current price target is provided by 1 analyst. New target price is 15% above last closing price of JP¥784. Stock is down 14% over the past year. The company is forecast to post earnings per share of JP¥37.90 for next year compared to JP¥30.11 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 9 non-independent directors. Independent Outside Director Kotaro Makihara was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 02
Tanseisha Co., Ltd. to Report Q3, 2023 Results on Dec 07, 2022 Tanseisha Co., Ltd. announced that they will report Q3, 2023 results on Dec 07, 2022 Major Estimate Revision • Sep 16
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥44.30 to JP¥37.90 per share. Revenue forecast steady at JP¥70.3b. Net income forecast to grow 31% next year vs 11% growth forecast for Professional Services industry in Japan. Consensus price target of JP¥900 unchanged from last update. Share price fell 2.1% to JP¥793 over the past week. Reported Earnings • Sep 11
Second quarter 2023 earnings released: JP¥1.90 loss per share (vs JP¥7.91 loss in 2Q 2022) Second quarter 2023 results: JP¥1.90 loss per share (improved from JP¥7.91 loss in 2Q 2022). Revenue: JP¥14.2b (up 30% from 2Q 2022). Net loss: JP¥90.0m (loss narrowed 76% from 2Q 2022). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jul 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 04 October 2022. Payout ratio is on the higher end at 79% but the company is not cash flow positive. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.0%). Announcement • Jun 29
Tanseisha Co., Ltd. to Report Q2, 2023 Results on Sep 09, 2022 Tanseisha Co., Ltd. announced that they will report Q2, 2023 results on Sep 09, 2022 Reported Earnings • Jun 10
First quarter 2023 earnings released: EPS: JP¥11.60 (vs JP¥8.87 in 1Q 2022) First quarter 2023 results: EPS: JP¥11.60 (up from JP¥8.87 in 1Q 2022). Revenue: JP¥17.4b (up 9.2% from 1Q 2022). Net income: JP¥550.0m (up 30% from 1Q 2022). Profit margin: 3.2% (up from 2.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 14%, compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Toshimasa Itaya 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. Major Estimate Revision • Mar 18
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in 2023 has deteriorated. 2023 revenue forecast decreased from JP¥74.7b to JP¥70.0b. EPS estimate also fell from JP¥56.56 per share to JP¥44.30 per share. Net income forecast to grow 46% next year vs 15% growth forecast for Professional Services industry in Japan. Consensus price target of JP¥1,000 unchanged from last update. Share price rose 15% to JP¥780 over the past week. Reported Earnings • Mar 13
Full year 2022 earnings: EPS in line with expectations, revenues disappoint Full year 2022 results: EPS: JP¥30.11 (down from JP¥72.18 in FY 2021). Revenue: JP¥62.7b (down 9.4% from FY 2021). Net income: JP¥1.43b (down 58% from FY 2021). Profit margin: 2.3% (down from 5.0% in FY 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 19%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 18% per year, which means it has not declined as severely as earnings. Announcement • Jan 28
Tanseisha Co., Ltd. to Report Fiscal Year 2022 Results on Mar 11, 2022 Tanseisha Co., Ltd. announced that they will report fiscal year 2022 results on Mar 11, 2022 Upcoming Dividend • Jan 21
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 28 January 2022. Payment date: 28 April 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (0.7%). Reported Earnings • Dec 14
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: EPS: JP¥12.19 (down from JP¥15.69 in 3Q 2021). Revenue: JP¥15.6b (down 9.9% from 3Q 2021). Net income: JP¥581.0m (down 22% from 3Q 2021). Profit margin: 3.7% (down from 4.3% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 28%. Earnings per share (EPS) missed analyst estimates by 28%. Over the next year, revenue is forecast to grow 24%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.