Announcement • Jun 17
ASTMAX Co., Ltd. to Report Q1, 2027 Results on Aug 03, 2026 ASTMAX Co., Ltd. announced that they will report Q1, 2027 results on Aug 03, 2026 Announcement • May 18
ASTMAX Co., Ltd., Annual General Meeting, Jun 26, 2026 ASTMAX Co., Ltd., Annual General Meeting, Jun 26, 2026. Announcement • May 10
ASTMAX Co., Ltd. to Report Fiscal Year 2026 Results on May 15, 2026 ASTMAX Co., Ltd. announced that they will report fiscal year 2026 results on May 15, 2026 New Risk • May 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (JP¥3.92b market cap, or US$25.0m). Upcoming Dividend • Mar 23
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (3.5%). New Risk • Feb 03
New major risk - Revenue and earnings growth Earnings have declined by 17% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 17% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥2.69b market cap, or US$17.3m). Announcement • Dec 02
ASTMAX Co., Ltd. to Report Q3, 2026 Results on Feb 02, 2026 ASTMAX Co., Ltd. announced that they will report Q3, 2026 results on Feb 02, 2026 Reported Earnings • Nov 06
First half 2026 earnings released: JP¥11.84 loss per share (vs JP¥28.70 profit in 1H 2025) First half 2026 results: JP¥11.84 loss per share (down from JP¥28.70 profit in 1H 2025). Revenue: JP¥10.8b (up 6.2% from 1H 2025). Net loss: JP¥152.0m (down 143% from profit in 1H 2025). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. New Risk • Oct 29
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 5.6% 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: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (JP¥3.14b market cap, or US$20.7m). Announcement • Sep 01
ASTMAX Co., Ltd. to Report Q2, 2026 Results on Nov 04, 2025 ASTMAX Co., Ltd. announced that they will report Q2, 2026 results on Nov 04, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: JP¥1.36 loss per share (vs JP¥14.35 profit in 1Q 2025) First quarter 2026 results: JP¥1.36 loss per share (down from JP¥14.35 profit in 1Q 2025). Revenue: JP¥4.39b (down 14% from 1Q 2025). Net loss: JP¥17.0m (down 110% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Jul 23
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 Outside Director Hiroaki Mizobuchi was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jul 09
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 Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (JP¥3.26b market cap, or US$22.2m). Announcement • Jun 27
ASTMAX Co., Ltd. to Report Q1, 2026 Results on Aug 01, 2025 ASTMAX Co., Ltd. announced that they will report Q1, 2026 results on Aug 01, 2025 Announcement • Jun 13
ASTMAX Co., Ltd. announced that it has received ¥156.1 million in funding from Hulic Property Solution Co., Ltd. On June 12, 2025, ASTMAX Co., Ltd. closed the transaction. Announcement • May 28
ASTMAX Co., Ltd. announced that it expects to receive ¥156.1 million in funding from Hulic Property Solution Co., Ltd. ASTMAX Co., Ltd. announced a private placement of 700,000 common shares at a price of ¥223 per share for the gross proceeds of ¥156,100,000 on May 26, 2025. The shares will be issued though third party method of allotment. The transaction will include participation from Hulic Property Solution Co., Ltd. The transaction has been approved by the shareholders of the company and is expected to close on June 12, 2025. As a part of the transaction, the company will pay ¥2,000,000 as issuance expense. Reported Earnings • May 21
Full year 2025 earnings released: JP¥11.79 loss per share (vs JP¥34.67 profit in FY 2024) Full year 2025 results: JP¥11.79 loss per share (down from JP¥34.67 profit in FY 2024). Revenue: JP¥20.7b (up 39% from FY 2024). Net loss: JP¥146.0m (down 133% from profit in FY 2024). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • May 16
ASTMAX Co., Ltd., Annual General Meeting, Jun 26, 2025 ASTMAX Co., Ltd., Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • May 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥212, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 13x in the Capital Markets industry in Japan. Total loss to shareholders of 1.6% over the past three years. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥206, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 10x in the Capital Markets industry in Japan. Total loss to shareholders of 12% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (3.4%). Announcement • Mar 01
ASTMAX Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 ASTMAX Co., Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 New Risk • Feb 05
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 31% 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 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¥3.05b market cap, or US$19.8m). Announcement • Nov 30
ASTMAX Co., Ltd. to Report Q3, 2025 Results on Feb 03, 2025 ASTMAX Co., Ltd. announced that they will report Q3, 2025 results on Feb 03, 2025 New Risk • Nov 07
New major risk - Revenue and earnings growth Earnings have declined by 28% 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 28% 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. Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (JP¥3.17b market cap, or US$20.5m). Reported Earnings • Nov 03
First half 2025 earnings released: EPS: JP¥28.70 (vs JP¥18.19 in 1H 2024) First half 2025 results: EPS: JP¥28.70 (up from JP¥18.19 in 1H 2024). Revenue: JP¥10.2b (up 40% from 1H 2024). Net income: JP¥355.0m (up 51% from 1H 2024). Profit margin: 3.5% (up from 3.2% in 1H 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Sep 12
ASTMAX Co., Ltd. to Report Q2, 2025 Results on Nov 01, 2024 ASTMAX Co., Ltd. announced that they will report Q2, 2025 results on Nov 01, 2024 Valuation Update With 7 Day Price Move • Aug 19
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥280, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 13x in the Capital Markets industry in Japan. Total returns to shareholders of 34% over the past three years. Reported Earnings • Aug 03
First quarter 2025 earnings released: EPS: JP¥22.99 (vs JP¥1.86 in 1Q 2024) First quarter 2025 results: EPS: JP¥22.99 (up from JP¥1.86 in 1Q 2024). Revenue: JP¥3.53b (up 42% from 1Q 2024). Net income: JP¥284.0m (up JP¥260.0m from 1Q 2024). Profit margin: 8.0% (up from 1.0% 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 27% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. New Risk • Jul 29
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 5.8% 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 have declined by 28% per year over the past 5 years. Minor Risks Dividend is not well covered by earnings (dividend per share is over 6x earnings per share). Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (JP¥3.36b market cap, or US$21.9m). Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥34.67 (vs JP¥27.71 loss in FY 2023) Full year 2024 results: EPS: JP¥34.67 (up from JP¥27.71 loss in FY 2023). Revenue: JP¥14.9b (up 26% from FY 2023). Net income: JP¥445.0m (up JP¥802.0m from FY 2023). Profit margin: 3.0% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • May 17
ASTMAX Co., Ltd., Annual General Meeting, Jun 26, 2024 ASTMAX Co., Ltd., Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.4%). Announcement • Mar 02
ASTMAX Co., Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 ASTMAX Co., Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: JP¥2.63 loss per share (vs JP¥25.43 loss in 3Q 2023) Third quarter 2024 results: JP¥2.63 loss per share (improved from JP¥25.43 loss in 3Q 2023). Revenue: JP¥3.63b (up 34% from 3Q 2023). Net loss: JP¥34.0m (loss narrowed 90% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Feb 01
ASTMAX Co., Ltd. (TSE:7162) announces an Equity Buyback for 597,600 shares, representing 4.61% for ¥150 million. ASTMAX Co., Ltd. (TSE:7162) announces a share repurchase program. Under the program, the company will repurchase up to 597,600 shares, representing 4.61% of its issued share capital (excluding treasury stock), for a total purchase price of ¥150 million. The shares will be repurchased at a price of ¥251 per share. The purpose of repurchase program is to improve capital efficiency, implement flexible capital policies in response to changes in the business environment, and provide further support to shareholders. As of December 31, 2023, the company had 12,950,259 issued shares (excluding treasury stock) and 210,041 treasury shares. Announcement • Dec 01
ASTMAX Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024 ASTMAX Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥16.31 (vs JP¥15.13 in 2Q 2023) Second quarter 2024 results: EPS: JP¥16.31 (up from JP¥15.13 in 2Q 2023). Revenue: JP¥4.76b (up 28% from 2Q 2023). Net income: JP¥211.0m (up 8.2% from 2Q 2023). Profit margin: 4.4% (down from 5.2% in 2Q 2023). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Aug 30
ASTMAX Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023 ASTMAX Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥1.86 (vs JP¥2.80 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥1.86 (up from JP¥2.80 loss in 1Q 2023). Revenue: JP¥2.50b (up 21% from 1Q 2023). Net income: JP¥24.0m (up JP¥60.0m from 1Q 2023). Profit margin: 1.0% (up from net loss in 1Q 2023). 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 6% per year, which means it is significantly lagging earnings growth. New Risk • Jun 08
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 137% Dividend yield: 3.0% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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 have declined by 28% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (137% cash payout ratio). Market cap is less than US$100m (JP¥2.97b market cap, or US$21.2m). Announcement • Jun 04
ASTMAX Co., Ltd. to Report Q1, 2024 Results on Jul 31, 2023 ASTMAX Co., Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • May 17
Full year 2023 earnings released: JP¥27.71 loss per share (vs JP¥9.89 profit in FY 2022) Full year 2023 results: JP¥27.71 loss per share (down from JP¥9.89 profit in FY 2022). Revenue: JP¥11.8b (down 7.8% from FY 2022). Net loss: JP¥357.0m (down 381% from profit in FY 2022). 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 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 01
Third quarter 2023 earnings released: JP¥25.43 loss per share (vs JP¥4.59 loss in 3Q 2022) Third quarter 2023 results: JP¥25.43 loss per share (further deteriorated from JP¥4.59 loss in 3Q 2022). Revenue: JP¥2.71b (down 3.0% from 3Q 2022). Net loss: JP¥328.0m (loss widened 456% from 3Q 2022). 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 7% per year, which means it is significantly lagging earnings. Announcement • Jan 13
An unknown buyer acquired 67.3% stake in Oshamanbe Agri Co., Ltd. from ASTMAX Co., Ltd. (TSE:7162). An unknown buyer acquired 67.3% stake in Oshamanbe Agri Co., Ltd. from ASTMAX Co., Ltd. (TSE:7162) in December, 2022.An unknown buyer completed the acquisition of 67.3% stake in Oshamanbe Agri Co., Ltd. from ASTMAX Co., Ltd. (TSE:7162) in December, 2022. Announcement • Nov 27
ASTMAX Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023 ASTMAX Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Outside Director Hiroaki Mizobuchi was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥15.13 (vs JP¥4.44 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥15.13 (up from JP¥4.44 loss in 2Q 2022). Revenue: JP¥3.73b (up 38% from 2Q 2022). Net income: JP¥195.0m (up JP¥252.0m from 2Q 2022). Profit margin: 5.2% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 23% 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. Announcement • Aug 31
ASTMAX Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022 ASTMAX Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: JP¥2.80 loss per share (vs JP¥2.42 loss in 1Q 2022) First quarter 2023 results: JP¥2.80 loss per share (down from JP¥2.42 loss in 1Q 2022). Revenue: JP¥2.07b (up 14% from 1Q 2022). Net loss: JP¥36.0m (loss widened 16% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥304, the stock trades at a trailing P/E ratio of 30.8x. Average trailing P/E is 10x in the Capital Markets industry in Japan. Total returns to shareholders of 4.3% over the past three years. Announcement • Jun 05
ASTMAX Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022 ASTMAX Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥9.89 (vs JP¥9.46 in FY 2021) Full year 2022 results: EPS: JP¥9.89 (up from JP¥9.46 in FY 2021). Revenue: JP¥12.8b (up 4.0% from FY 2021). Net income: JP¥127.0m (up 5.0% from FY 2021). Profit margin: 1.0% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • May 18
ASTMAX Co., Ltd., Annual General Meeting, Jun 28, 2022 ASTMAX Co., Ltd., Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Outside Director Hiroaki Mizobuchi was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
ASTMAX Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 ASTMAX Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥4.59 loss per share (down from JP¥3.20 loss in 3Q 2021). Revenue: JP¥2.80b (up 37% from 3Q 2021). Net loss: JP¥59.0m (loss widened 44% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Announcement • Jan 30
ASTMAX Co., Ltd. to Report Q3, 2022 Results on Jan 28, 2022 ASTMAX Co., Ltd. announced that they will report Q3, 2022 results on Jan 28, 2022 Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥269, the stock trades at a trailing P/E ratio of 66.5x. Average trailing P/E is 11x in the Capital Markets industry in Japan. Total loss to shareholders of 16% over the past three years. Reported Earnings • Oct 31
Second quarter 2022 earnings released: JP¥4.44 loss per share (vs JP¥1.02 loss in 2Q 2021) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥2.71b (up 24% from 2Q 2021). Net loss: JP¥57.0m (loss widened 339% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Sep 06
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥288, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 11x in the Capital Markets industry in Japan. Total loss to shareholders of 21% over the past three years. Reported Earnings • Aug 03
First quarter 2022 earnings released: JP¥2.42 loss per share (vs JP¥0.47 loss in 1Q 2021) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2022 results: Revenue: JP¥1.82b (up 11% from 1Q 2021). Net loss: JP¥31.0m (loss widened 417% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥9.46 (vs JP¥18.58 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥12.3b (up 2.9% from FY 2020). Net income: JP¥121.0m (down 50% from FY 2020). Profit margin: 1.0% (down from 2.0% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Mar 04
ASTMAX Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 ASTMAX Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Is New 90 Day High Low • Mar 04
New 90-day low: JP¥285 The company is down 18% from its price of JP¥347 on 04 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 8.0% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: JP¥3.20 loss per share (vs JP¥1.37 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥2.05b (down 26% from 3Q 2020). Net loss: JP¥41.0m (down 328% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Dec 30
ASTMAX Co., Ltd. to Report Q3, 2021 Results on Jan 29, 2021 ASTMAX Co., Ltd. announced that they will report Q3, 2021 results on Jan 29, 2021 Is New 90 Day High Low • Nov 24
New 90-day high: JP¥354 The company is up 64% from its price of JP¥216 on 27 August 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is down 1.0% over the same period. Reported Earnings • Nov 19
Second quarter 2021 earnings released: JP¥1.02 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: JP¥2.19b (down 47% from 2Q 2020). Net loss: JP¥13.0m (down 162% from profit in 2Q 2020). 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 8% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 01
First half earnings released Over the last 12 months the company has reported total losses of JP¥363.0m, with earnings decreasing by JP¥1.11b from the prior year. Total revenue was JP¥9.88b over the last 12 months, down 16% from the prior year. Is New 90 Day High Low • Oct 14
New 90-day high: JP¥229 The company is up 14% from its price of JP¥201 on 16 July 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 10.0% over the same period. Announcement • Sep 06
ASTMAX Co., Ltd. to Report Q2, 2021 Results on Oct 30, 2020 ASTMAX Co., Ltd. announced that they will report Q2, 2021 results on Oct 30, 2020 
