Announcement • Dec 06
Uzabase, Inc. to Report Fiscal Year 2022 Results on Feb 08, 2023 Uzabase, Inc. announced that they will report fiscal year 2022 results on Feb 08, 2023 Price Target Changed • Nov 30
Price target increased to JP¥1,800 Up from JP¥1,510, the current price target is an average from 2 analysts. New target price is 20% above last closing price of JP¥1,497. The company is forecast to post earnings per share of JP¥24.84 for next year compared to JP¥16.06 last year. Major Estimate Revision • Nov 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥2.50 to JP¥24.84. Revenue forecast steady at JP¥18.7b. Net income forecast to grow 55% next year vs 34% growth forecast for Capital Markets industry in Japan. Consensus price target of JP¥1,600 unchanged from last update. Share price rose 72% to JP¥1,494 over the past week. Reported Earnings • Nov 11
Third quarter 2022 earnings released: EPS: JP¥15.13 (vs JP¥6.76 loss in 3Q 2021) Third quarter 2022 results: EPS: JP¥15.13 (up from JP¥6.76 loss in 3Q 2021). Revenue: JP¥4.47b (up 16% from 3Q 2021). Net income: JP¥560.0m (up JP¥808.0m from 3Q 2021). Profit margin: 13% (up from net loss in 3Q 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Capital Markets industry in Japan. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Price Target Changed • Sep 27
Price target decreased to JP¥1,410 Down from JP¥1,533, the current price target is an average from 5 analysts. New target price is 113% above last closing price of JP¥661. Stock is down 73% over the past year. The company is forecast to post earnings per share of JP¥2.50 for next year compared to JP¥16.06 last year. Reported Earnings • Aug 06
Second quarter 2022 earnings released: JP¥7.29 loss per share (vs JP¥7.12 profit in 2Q 2021) Second quarter 2022 results: JP¥7.29 loss per share (down from JP¥7.12 profit in 2Q 2021). Revenue: JP¥4.35b (up 12% from 2Q 2021). Net loss: JP¥269.0m (down 203% from profit in 2Q 2021). Over the next year, revenue is forecast to grow 26%, compared to a 9.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥864, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 13x in the Capital Markets industry in Japan. Total loss to shareholders of 67% over the past three years. Price Target Changed • Jun 02
Price target decreased to JP¥1,533 Down from JP¥2,350, the current price target is an average from 4 analysts. New target price is 104% above last closing price of JP¥750. Stock is down 70% over the past year. The company is forecast to post earnings per share of JP¥15.30 for next year compared to JP¥16.06 last year. Valuation Update With 7 Day Price Move • May 26
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥755, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 15x in the Capital Markets industry in Japan. Total loss to shareholders of 70% over the past three years. Reported Earnings • May 16
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: JP¥11.36 (down from JP¥13.17 in 1Q 2021). Revenue: JP¥4.31b (up 8.6% from 1Q 2021). Net income: JP¥418.0m (down 13% from 1Q 2021). Profit margin: 9.7% (down from 12% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 25%, compared to a 1.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Price Target Changed • Apr 27
Price target decreased to JP¥2,350 Down from JP¥2,810, the current price target is an average from 4 analysts. New target price is 201% above last closing price of JP¥781. Stock is down 72% over the past year. The company is forecast to post earnings per share of JP¥15.00 for next year compared to JP¥16.06 last year. Announcement • Apr 16
Uzabase, Inc. Appoints Yusuke Inagaki as CTO Uzabase, Inc. announced that Yusuke Inagaki, Representative Director and Co-CEO of Uzabase, has been appointed to concurrently serve as CTO of the Group from April 15, 2022. Inagaki joined Uzabase as a founding member and engineer. Price Target Changed • Apr 14
Price target decreased to JP¥2,350 Down from JP¥2,810, the current price target is an average from 4 analysts. New target price is 124% above last closing price of JP¥1,049. Stock is down 62% over the past year. The company is forecast to post earnings per share of JP¥15.00 for next year compared to JP¥16.06 last year. Announcement • Apr 07
Uzabase, Inc. to Report Q1, 2022 Results on May 13, 2022 Uzabase, Inc. announced that they will report Q1, 2022 results on May 13, 2022 Reported Earnings • Apr 02
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: JP¥16.06 (up from JP¥187 loss in FY 2020). Revenue: JP¥16.1b (up 16% from FY 2020). Net income: JP¥589.0m (up JP¥7.06b from FY 2020). Profit margin: 3.7% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 21%, compared to a 7.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Announcement • Mar 31
Uzabase, Inc. Appoints Saki Igawa as External Director At 14th Ordinary General Meeting of Shareholders held on March 25, 2022, Uzabase, Inc. has resolved to appoint Saki Igawa as a new External Director. Ms. Igawa will join the Board of Directors to bring a wider perspective to the Company's structure of corporate governance. Ms. Igawa has an established background in new market entries and global management of brand businesses in sectors and business models that are different from those of Uzabase, notably in her role as Chief Brand Officer at the U.S. company Blue Bottle Coffee, Inc. By joining the Uzabase Board of Directors, she is expected to advise the management team from an objective standing point based on her extensive experience and knowledge, thereby enhancing the range of perspectives in the Board and strengthening the Company's corporate governance. Major Estimate Revision • Mar 10
Consensus EPS estimates fall by 46% The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. 2022 revenue forecast decreased from JP¥19.7b to JP¥19.4b. EPS estimate also fell from JP¥27.77 per share to JP¥14.93 per share. Net income forecast to shrink 6.4% next year vs 10.0% decline forecast for Capital Markets industry in Japan. Consensus price target down from JP¥2,810 to JP¥2,650. Share price fell 14% to JP¥903 over the past week. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥917, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 15x in the Capital Markets industry in Japan. Total loss to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,480 per share. Reported Earnings • Feb 10
Full year 2021 earnings: EPS misses analyst expectations Full year 2021 results: EPS: JP¥16.06 (up from JP¥187 loss in FY 2020). Revenue: JP¥16.1b (up 16% from FY 2020). Net income: JP¥589.0m (up JP¥7.06b from FY 2020). Profit margin: 3.7% (up from net loss in FY 2020). The move to profitability was primarily driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 24%, compared to a 7.1% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Major Estimate Revision • Jan 14
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from JP¥18.99 to JP¥16.49. Revenue forecast unchanged from JP¥16.0b at last update. Net income forecast to grow 1,363% next year vs 1.2% growth forecast for Capital Markets industry in Japan. Consensus price target down from JP¥3,450 to JP¥3,190. Share price fell 10% to JP¥1,258 over the past week. Price Target Changed • Jan 13
Price target decreased to JP¥3,190 Down from JP¥3,550, the current price target is an average from 5 analysts. New target price is 143% above last closing price of JP¥1,313. Stock is down 62% over the past year. The company is forecast to post earnings per share of JP¥16.49 next year compared to a net loss per share of JP¥187 last year. Reported Earnings • Nov 05
Third quarter 2021 earnings released: JP¥6.76 loss per share (vs JP¥139 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: JP¥3.88b (up 8.1% from 3Q 2020). Net loss: JP¥248.0m (loss narrowed 95% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 09
Second quarter 2021 earnings released: EPS JP¥7.12 (vs JP¥18.96 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥3.90b (up 23% from 2Q 2020). Net income: JP¥261.0m (up JP¥898.0m from 2Q 2020). Profit margin: 6.7% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Announcement • Jul 20
Uzabase, Inc.'s Platform SPEEDA Launches Its “Flash Opinion” and “Expert Interview” Services in Asean Uzabase, Inc. announced that its business intelligence platform SPEEDA is officially launching its “Flash Opinion” and “Expert Interview” services in ASEAN. Provided as part of the SPEEDA Expert Research suite of services, “Flash Opinion” allows users to submit questions to and receive responses from experts within 24 hours, while “Expert Interview” allows users to arrange and conduct interviews with experts. SPEEDA Expert Research was first launched in the Japanese market in September 2020 as a new feature on the SPEEDA platform alongside the existing information on companies, industries, news, and trends. This growth has allowed SPEEDA to build up a worldwide network of experts who are ready to provide answers on a wide range of topics involving many countries around the world. Announcement • Jul 14
Uzabase Launches SPEEDA Edge, New Kind of Emerging Technology Research Platform Uzabase announced the launch of a first-of-its-kind research platform: SPEEDA Edge. The SPEEDA Edge emerging industry intelligence platform contains custom profiles and proprietary analysis of more than 2,500 leading companies operating across more than 40 rapidly-growing industries in six main verticals: Sustainability, Commerce & Hospitality, Work, Healthcare & Wellness, Fintech & Insurance, and Education & Media. Industries covered range from AI drug discovery, to quantum computing, and psychedelic medicine. SPEEDA Edge aims to cover 75 industries by the end of 2021. SPEEDA Edge is available to users via subscription, and is primarily targeted at professionals in venture capital, corporate strategy and innovation, mergers and acquisitions, and at funded startups. SPEEDA Edge currently serves about a dozen enterprise customers, and the team is looking to rapidly scale up its business in the coming quarters. Uzabase’s other product and service offerings include financial data portal SPEEDA, news aggregator and business media platform NewsPicks, B2B marketing platform FORCAS, Japan-focused startup database Initial, corporate consultancy AlphaDrive, and an expert network called Mimir. The company is publicly traded on the Tokyo Stock Exchange. Reported Earnings • May 15
First quarter 2021 earnings released: EPS JP¥13.17 (vs JP¥14.33 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥3.97b (up 25% from 1Q 2020). Net income: JP¥482.0m (up JP¥955.0m from 1Q 2020). Profit margin: 12% (up from net loss in 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations Revenue exceeded analyst estimates by 0.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 20% while theCapital Markets industry in Japan is not expected to grow. Reported Earnings • Feb 11
Full year 2020 earnings released: JP¥187 loss per share (vs JP¥51.33 loss in FY 2019) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: JP¥13.8b (up 10% from FY 2019). Net loss: JP¥6.47b (loss widened 300% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 156 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 10
New 90-day high: JP¥3,975 The company is up 17% from its price of JP¥3,410 on 12 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 12% over the same period. Announcement • Feb 10
Uzabase, Inc., Annual General Meeting, Mar 25, 2021 Uzabase, Inc., Annual General Meeting, Mar 25, 2021. Agenda: To consider Change of Certified Public Accountant. Major Estimate Revision • Jan 23
Analysts lower EPS estimates to -JP¥185 The 2020 consensus revenue estimate was lowered from JP¥13.8b to JP¥13.7b. The company's losses are expected to worsen with analysts lowering their EPS forecasts from -JP¥103 to -JP¥185 for the same period. The Capital Markets industry in Japan is expected to see an average net income growth of 5.6% next year. The consensus price target increased from JP¥4,383 to JP¥4,575. Share price is up 8.4% to JP¥3,750 over the past week. Price Target Changed • Dec 01
Price target raised to JP¥4,383 Up from JP¥3,577, the current price target is an average from 4 analysts. The new target price is 11% above the current share price of JP¥3,935. As of last close, the stock is up 85% over the past year. Announcement • Nov 10
Zachary Seward and Katherine Bell agreed to acquire Quartz Media LLC from Uzabase, Inc. (TSE:3966) in a management buyout transaction. Zachary Seward and Katherine Bell agreed to acquire Quartz Media LLC from Uzabase, Inc. (TSE:3966) in a management buyout transaction on November 9, 2020. The acquisition consisted of NewsPicks USA, LLC, and two other consolidated subsidiaries along with Quartz Media. Editor in Chief Katherine Bell will take a minority stake. Following this transfer, Yusuke Umeda, Representative Director and CEO of Uzabase, is planning to act in his individual capacity to lend funds to support the operations of Quartz Media under new ownership. As part of the deal, Uzabase Chief Executive Officer Yusuke Umeda will make a personal loan to Quartz. Announcement • Oct 10
Quartz Reportedly Back on Sale Block Quartz Media LLC has been put up for sale just over two years after it was acquired by a Japanese financial intelligence and media company, sources say. The company, Uzabase, Inc. (TSE:3966), purchased Quartz for $110 million in mid-2018 in a cash-and-stock deal that was tied to the site hitting certain financial goals. Since then, the site has underperformed expectations and Uzabase is expecting to sell the business at a significant discount, the sources said. The economic fallout from the coronavirus pandemic has also pushed Uzabase to seek an exit from the business. Announcement • Jul 30
Uzabase, Inc. (TSE:3966) acquired remaining unknown stake in Mimir, Inc. Uzabase, Inc. (TSE:3966) acquired remaining unknown stake in Mimir, Inc. on April 20, 2020. Mimir, Inc. will operates as wholly owned subsidiary of Uzabase, Inc.
Uzabase, Inc. (TSE:3966) completed the acquisition of remaining unknown stake in Mimir, Inc. on April 20, 2020. 
