Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥34.08 (vs JP¥28.25 in FY 2025) Full year 2026 results: EPS: JP¥34.08 (up from JP¥28.25 in FY 2025). Revenue: JP¥9.60b (down 1.2% from FY 2025). Net income: JP¥325.0m (up 21% from FY 2025). Profit margin: 3.4% (up from 2.8% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Announcement • May 18
RareJob Inc., Annual General Meeting, Jun 25, 2026 RareJob Inc., Annual General Meeting, Jun 25, 2026. Announcement • May 16
Gakken Holdings Co., Ltd. (TSE:9470) signed a share exchange agreement to acquire remaining 80.07% stake in RareJob Inc. (TSE:6096) for approximately ¥3 billion. Gakken Holdings Co., Ltd. (TSE:9470) signed a share exchange agreement to acquire remaining 80.07% stake in RareJob Inc. (TSE:6096) for approximately ¥3 billion ?on May 15, 2026. The consideration consists of 2.97 million common equity of Gakken Holdings Co., Ltd. to be issued for common equity of RareJob Inc. As part of consideration, ¥?2.96 billion is being paid towards common equity of RareJob Inc. Upon completion, Gakken Holdings Co., Ltd. will own 100% stake in RareJob Inc.
The transaction is subject to approval of offer by target shareholders. The Board of Directors of RareJob Inc. formed a special committee for the transaction. The expected completion of the transaction is July 31, 2026.
Nishimura & Asahi acted as legal advisor for Gakken Holdings Co., Ltd. City-Yuwa Partners acted as legal advisor for RareJob Inc. MUFG Bank, Ltd. acted as financial advisor for RareJob Inc. SBI Securities Co. Ltd. acted as financial advisor for Gakken Holdings Co., Ltd. Announcement • May 10
RareJob Inc. to Report Fiscal Year 2026 Results on May 15, 2026 RareJob Inc. announced that they will report fiscal year 2026 results on May 15, 2026 Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥343, the stock trades at a trailing P/E ratio of 45.2x. Average trailing P/E is 15x in the Consumer Services industry in Japan. Total loss to shareholders of 75% over the past three years. Buy Or Sell Opportunity • Apr 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.4% to JP¥300. The fair value is estimated to be JP¥382, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Mar 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.5% to JP¥291. The fair value is estimated to be JP¥373, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. 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 66% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.6%). New Risk • Feb 18
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% 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: Major Risk Earnings have declined by 30% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Market cap is less than US$100m (JP¥2.96b market cap, or US$19.3m). Announcement • Feb 16
Rarejob Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026 RareJob Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2026. For the year, the company expects net sales of JPY 9,600 million, operating income of JPY 50 million, net income attributable to owners of parent of JPY 410 million and basic earnings per share of JPY 41.83. Announcement • Dec 03
RareJob Inc. to Report Q3, 2026 Results on Feb 16, 2026 RareJob Inc. announced that they will report Q3, 2026 results on Feb 16, 2026 New Risk • Nov 19
New major risk - Revenue and earnings growth Earnings have declined by 31% 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 31% per year over the past 5 years. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥3.36b market cap, or US$21.6m). Reported Earnings • Nov 18
Second quarter 2026 earnings released: JP¥1.04 loss per share (vs JP¥7.60 profit in 2Q 2025) Second quarter 2026 results: JP¥1.04 loss per share (down from JP¥7.60 profit in 2Q 2025). Revenue: JP¥2.29b (down 1.1% from 2Q 2025). Net loss: JP¥9.92m (down 114% from profit in 2Q 2025). Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Consumer Services 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 28% per year, which means it has not declined as severely as earnings. Declared Dividend • Nov 16
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 2.1%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has decreased over the past 56 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 14% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 17
RareJob Inc. to Report Q2, 2026 Results on Nov 14, 2025 RareJob Inc. announced that they will report Q2, 2026 results on Nov 14, 2025 Reported Earnings • Aug 16
First quarter 2026 earnings released: JP¥1.69 loss per share (vs JP¥6.77 profit in 1Q 2025) First quarter 2026 results: JP¥1.69 loss per share (down from JP¥6.77 profit in 1Q 2025). Revenue: JP¥2.35b (down 2.3% from 1Q 2025). Net loss: JP¥16.0m (down 125% from profit in 1Q 2025). Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 29
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥28.25 (up from JP¥30.48 loss in FY 2024). Revenue: JP¥9.72b (down 4.5% from FY 2024). Net income: JP¥268.0m (up JP¥556.0m from FY 2024). Profit margin: 2.8% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 69%. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 54% 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. Buy Or Sell Opportunity • Jun 17
Now 21% overvalued Over the last 90 days, the stock has fallen 6.2% to JP¥378. The fair value is estimated to be JP¥313, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to decline by 6.7% in the next 2 years. New Risk • Jun 05
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: 2.0% 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: Major Risk Earnings are forecast to decline by an average of 3.7% per year for the foreseeable future. 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¥3.71b market cap, or US$25.9m). Announcement • Jun 04
RareJob Inc. to Report Q1, 2026 Results on Aug 14, 2025 RareJob Inc. announced that they will report Q1, 2026 results on Aug 14, 2025 Buy Or Sell Opportunity • May 21
Now 25% overvalued Over the last 90 days, the stock has fallen 1.4% to JP¥408. The fair value is estimated to be JP¥327, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 10% in 2 years. Earnings are forecast to decline by 6.7% in the next 2 years. Reported Earnings • May 21
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥28.25 (up from JP¥30.48 loss in FY 2024). Revenue: JP¥9.72b (down 4.5% from FY 2024). Net income: JP¥268.0m (up JP¥556.0m from FY 2024). Profit margin: 2.8% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 69%. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • May 15
RareJob Inc., Annual General Meeting, Jun 26, 2025 RareJob Inc., Annual General Meeting, Jun 26, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.6%). Announcement • Mar 08
RareJob Inc. to Report Fiscal Year 2025 Results on May 15, 2025 RareJob Inc. announced that they will report fiscal year 2025 results at 12:00 PM, Tokyo Standard Time on May 15, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥17.45 (vs JP¥16.58 in 3Q 2024) Third quarter 2025 results: EPS: JP¥17.45 (up from JP¥16.58 in 3Q 2024). Revenue: JP¥2.60b (down 3.0% from 3Q 2024). Net income: JP¥166.0m (up 5.7% from 3Q 2024). Profit margin: 6.4% (up from 5.9% in 3Q 2024). Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Consumer 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 49 percentage points per year, which is a significant difference in performance. Announcement • Jan 17
RareJob Inc. to Report Q3, 2025 Results on Feb 14, 2025 RareJob Inc. announced that they will report Q3, 2025 results on Feb 14, 2025 New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (JP¥3.45b market cap, or US$21.9m). Declared Dividend • Nov 16
Dividend of JP¥5.00 announced Shareholders will receive a dividend of JP¥5.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 1.3%, which is lower than the industry average of 2.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (7% cash payout ratio). The dividend has decreased over the past 46 years, indicating a lack of growth and stability in payments. Announcement • Sep 27
RareJob Inc. to Report Q2, 2025 Results on Nov 14, 2024 RareJob Inc. announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 16
First quarter 2025 earnings released: EPS: JP¥5.92 (vs JP¥28.03 in 1Q 2024) First quarter 2025 results: EPS: JP¥5.92 (down from JP¥28.03 in 1Q 2024). Revenue: JP¥2.50b (down 5.1% from 1Q 2024). Net income: JP¥56.0m (down 79% from 1Q 2024). Profit margin: 2.2% (down from 10% in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 31% per year, which means it has not declined as severely as earnings. Announcement • Jun 28
RareJob Inc. to Report Q1, 2025 Results on Aug 14, 2024 RareJob Inc. announced that they will report Q1, 2025 results on Aug 14, 2024 New Risk • Jun 09
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 (8.0% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (JP¥4.09b market cap, or US$26.1m). Reported Earnings • May 21
Full year 2024 earnings released: JP¥30.48 loss per share (vs JP¥20.69 profit in FY 2023) Full year 2024 results: JP¥30.48 loss per share (down from JP¥20.69 profit in FY 2023). Revenue: JP¥10.2b (up 76% from FY 2023). Net loss: JP¥288.0m (down 249% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. Announcement • May 17
RareJob Inc., Annual General Meeting, Jun 26, 2024 RareJob Inc., Annual General Meeting, Jun 26, 2024. Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥585, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 18x in the Consumer Services industry in Japan. Total loss to shareholders of 67% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (2.1%). Buy Or Sell Opportunity • Mar 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.1% to JP¥857. The fair value is estimated to be JP¥1,073, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 9.3%. Announcement • Mar 02
RareJob Inc. to Report Fiscal Year 2024 Results on May 15, 2024 RareJob Inc. announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 16
Third quarter 2024 earnings released: EPS: JP¥16.58 (vs JP¥10.74 in 3Q 2023) Third quarter 2024 results: EPS: JP¥16.58 (up from JP¥10.74 in 3Q 2023). Revenue: JP¥2.68b (up 83% from 3Q 2023). Net income: JP¥157.0m (up 55% from 3Q 2023). Profit margin: 5.9% (down from 6.9% in 3Q 2023). 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 23% per year, which means it is significantly lagging earnings. Announcement • Dec 01
RareJob Inc. to Report Q3, 2024 Results on Feb 14, 2024 RareJob Inc. announced that they will report Q3, 2024 results on Feb 14, 2024 Reported Earnings • Nov 20
Second quarter 2024 earnings released: EPS: JP¥11.82 (vs JP¥1.93 in 2Q 2023) Second quarter 2024 results: EPS: JP¥11.82 (up from JP¥1.93 in 2Q 2023). Revenue: JP¥2.40b (up 67% from 2Q 2023). Net income: JP¥111.0m (up JP¥93.0m from 2Q 2023). Profit margin: 4.6% (up from 1.3% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Announcement • Sep 28
RareJob Inc. to Report Q2, 2024 Results on Nov 14, 2023 RareJob Inc. announced that they will report Q2, 2024 results on Nov 14, 2023 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥1,133, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 15x in the Consumer Services industry in Japan. Total loss to shareholders of 56% over the past three years. Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: JP¥28.03 (vs JP¥4.73 in 1Q 2023) First quarter 2024 results: EPS: JP¥28.03 (up from JP¥4.73 in 1Q 2023). Revenue: JP¥2.63b (up 80% from 1Q 2023). Net income: JP¥265.0m (up JP¥221.0m from 1Q 2023). Profit margin: 10% (up from 3.0% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Announcement • Jun 09
RareJob Inc. (TSE:6096) announces an Equity Buyback for 306,400 shares, representing 3.23% for ¥300 million. RareJob Inc. (TSE:6096) announces a share repurchase program. Under the program, the company will repurchase 306,400 shares, representing 3.23% of the outstanding shares, ¥300 million. The shares will be repurchased at a price of ¥979 per share . The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. As of March 31, 2023, the company had 9,497,809 issued shares (excluding treasury stock) and 302,991 shares in treasury. Reported Earnings • May 13
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥20.69 (up from JP¥19.88 in FY 2022). Revenue: JP¥5.79b (up 3.4% from FY 2022). Net income: JP¥194.0m (up 5.4% from FY 2022). Profit margin: 3.4% (up from 3.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 37%. Revenue is forecast to grow 37% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 19% per year. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,216, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Consumer Services industry in Japan. Total loss to shareholders of 45% over the past three years. Announcement • May 11
RareJob Inc., Annual General Meeting, Jun 29, 2023 RareJob Inc., Annual General Meeting, Jun 29, 2023. Agenda: AGM. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,344, the stock trades at a trailing P/E ratio of 79.1x. Average trailing P/E is 17x in the Consumer Services industry in Japan. Total loss to shareholders of 29% over the past three years. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,185, the stock trades at a trailing P/E ratio of 69.6x. Average trailing P/E is 16x in the Consumer Services industry in Japan. Total loss to shareholders of 40% over the past three years. Announcement • Feb 16
RareJob Inc. (TSE:6096) agreed to acquire remaining 33.4% stake in Envizion, Inc. from Zoshinkai Holdings Inc. for approximately ¥200 million. RareJob Inc. (TSE:6096) agreed to acquire remaining 33.4% stake in Envizion, Inc. from Zoshinkai Holdings Inc. for approximately ¥200 million on February 14, 2023. Upon completion, Envizion will become the wholly owned subsidiary of RareJob Inc. The transaction is expected to close on April 1, 2023. Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: JP¥10.74 (vs JP¥10.54 in 3Q 2022) Third quarter 2023 results: EPS: JP¥10.74 (up from JP¥10.54 in 3Q 2022). Revenue: JP¥1.46b (up 1.2% from 3Q 2022). Net income: JP¥101.0m (up 3.1% from 3Q 2022). Profit margin: 6.9% (up from 6.8% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Announcement • Dec 28
RareJob Inc. to Report Q3, 2023 Results on Feb 14, 2023 RareJob Inc. announced that they will report Q3, 2023 results on Feb 14, 2023 Board Change • Nov 16
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. 3 experienced directors. 2 highly experienced directors. COO, Head of Corporate Sales Div. and Director Seishi Yasunaga was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 15
Rarejob Inc. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023 RareJob Inc. provided consolidated earnings guidance for the year ending March 31, 2023. For the year, the company expects net sales of JPY 6,000 million, Operating profit of JPY 50 million. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥908, the stock trades at a trailing P/E ratio of 46x. Average trailing P/E is 18x in the Consumer Services industry in Japan. Total loss to shareholders of 29% over the past three years. Announcement • Aug 31
RareJob Inc. to Report Q2, 2023 Results on Nov 14, 2022 RareJob Inc. announced that they will report Q2, 2023 results on Nov 14, 2022 Reported Earnings • Aug 17
First quarter 2023 earnings released: EPS: JP¥4.73 (vs JP¥4.82 in 1Q 2022) First quarter 2023 results: EPS: JP¥4.73 (down from JP¥4.82 in 1Q 2022). Revenue: JP¥1.47b (up 12% from 1Q 2022). Net income: JP¥44.0m (flat on 1Q 2022). Profit margin: 3.0% (down from 3.3% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.8%, compared to a 9.5% growth forecast for the Consumer Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Aug 16
Rarejob Inc. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023 RareJob Inc. provided consolidated earnings guidance for the year ending March 31, 2023. For the year, the company expects net sales of JPY 6,000 million, Operating profit of JPY 50 million. Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥684, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Consumer Services industry in Japan. Total loss to shareholders of 30% over the past three years. Announcement • Jun 29
RareJob Inc. to Report Q1, 2023 Results on Aug 15, 2022 RareJob Inc. announced that they will report Q1, 2023 results on Aug 15, 2022 Reported Earnings • Jun 26
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥19.88 (down from JP¥43.22 in FY 2021). Revenue: JP¥5.60b (up 5.0% from FY 2021). Net income: JP¥184.0m (down 53% from FY 2021). Profit margin: 3.3% (down from 7.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.1%. Over the next year, revenue is forecast to grow 7.2%, compared to a 9.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • May 20
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥19.88 (down from JP¥43.22 in FY 2021). Revenue: JP¥5.60b (up 5.0% from FY 2021). Net income: JP¥184.0m (down 53% from FY 2021). Profit margin: 3.3% (down from 7.3% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.1%. Over the next year, revenue is forecast to grow 8.5%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorated over the past week After last week's 24% share price decline to JP¥577, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Consumer Services industry in Japan. Total loss to shareholders of 44% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,063 per share. Announcement • May 17
RareJob Inc., Annual General Meeting, Jun 22, 2022 RareJob Inc., Annual General Meeting, Jun 22, 2022. Board Change • Apr 27
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. COO, Head of Corporate Sales Div. and Director Seishi Yasunaga was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Apr 11
Now 20% undervalued Over the last 90 days, the stock is up 3.3%. The fair value is estimated to be JP¥1,087, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 22% in 2 years. Earnings is forecast to grow by 82% in the next 2 years. Announcement • Apr 08
RareJob Inc. to Report Fiscal Year 2022 Results on May 16, 2022 RareJob Inc. announced that they will report fiscal year 2022 results on May 16, 2022 Buying Opportunity • Mar 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.7%. The fair value is estimated to be JP¥1,108, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% per annum over the last 3 years. Earnings per share has grown by 31% per annum over the last 3 years. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: JP¥10.56 (down from JP¥14.12 in 3Q 2021). Revenue: JP¥1.45b (up 6.5% from 3Q 2021). Net income: JP¥98.2m (down 23% from 3Q 2021). Profit margin: 6.8% (down from 9.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 8.7%. Over the next year, revenue is forecast to grow 8.7%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year whereas the company’s share price has increased by 27% per year. Announcement • Feb 16
Rarejob Inc. Provides Earnings Guidance for the Year Ending March 31, 2022 RareJob Inc. provided earnings guidance for the year ending March 31, 2022. For the year, the company expects net sales to be ¥5,650 million. Operating profit to be ¥250 million. Profit attributable to owners of parent to be ¥120 million or earnings per share to be ¥13.00. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,032, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the Consumer Services industry in Japan. Total returns to shareholders of 324% over the past three years. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥4.74 (vs JP¥18.49 in 2Q 2021) The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥1.37b (flat on 2Q 2021). Net income: JP¥44.0m (down 74% from 2Q 2021). Profit margin: 3.2% (down from 12% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 49% per year whereas the company’s share price has increased by 53% per year. Valuation Update With 7 Day Price Move • Sep 11
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,521, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 22x in the Consumer Services industry in Japan. Total returns to shareholders of 389% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,237 per share. Reported Earnings • Aug 15
First quarter 2022 earnings released: EPS JP¥4.82 (vs JP¥7.33 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥1.31b (up 2.7% from 1Q 2021). Net income: JP¥44.0m (down 33% from 1Q 2021). Profit margin: 3.3% (down from 5.2% in 1Q 2021). The decrease in margin was driven by higher expenses. 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 58% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥1,380, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 22x in the Consumer Services industry in Japan. Total returns to shareholders of 296% over the past three years. Reported Earnings • Jun 29
Full year 2021 earnings released: EPS JP¥43.22 (vs JP¥22.65 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥5.33b (up 18% from FY 2020). Net income: JP¥391.0m (up 91% from FY 2020). Profit margin: 7.3% (up from 4.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year whereas the company’s share price has increased by 69% per year. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥43.22 (vs JP¥22.65 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥5.33b (up 18% from FY 2020). Net income: JP¥391.0m (up 91% from FY 2020). Profit margin: 7.3% (up from 4.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 25
New 90-day low: JP¥1,998 The company is down 13% from its price of JP¥2,299 on 27 November 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,835 per share. Analyst Estimate Surprise Post Earnings • Feb 14
Revenue and earnings miss expectations Revenue missed analyst estimates by 8.1%. Earnings per share (EPS) also missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 18%, compared to a 8.1% growth forecast for the Consumer Services industry in Japan. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥14.14 (vs JP¥10.47 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.36b (up 12% from 3Q 2020). Net income: JP¥128.2m (up 36% from 3Q 2020). Profit margin: 9.4% (up from 7.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 74% per year whereas the company’s share price has increased by 76% per year. Is New 90 Day High Low • Jan 14
New 90-day high: JP¥2,471 The company is up 7.0% from its price of JP¥2,299 on 16 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Services industry, which is down 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥10,800 per share.