Upcoming Dividend • Jun 25
Upcoming dividend of JP¥9.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 28 September 2026. Payout ratio is a comfortable 25% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.9%). In line with average of industry peers (2.4%). Board Change • May 20
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. 4 non-independent directors. Independent Outside Director Shun Nakatsuji was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • May 20
Third quarter 2026 earnings released: EPS: JP¥28.66 (vs JP¥14.95 in 3Q 2025) Third quarter 2026 results: EPS: JP¥28.66 (up from JP¥14.95 in 3Q 2025). Revenue: JP¥718.0m (down 6.4% from 3Q 2025). Net income: JP¥46.0m (up 92% from 3Q 2025). Profit margin: 6.4% (up from 3.1% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Sep 12
Insight Inc., Annual General Meeting, Sep 25, 2025 Insight Inc., Annual General Meeting, Sep 25, 2025, at 11:00 Tokyo Standard Time. Location: 1-14 minami 1-jo nishi 5-chome, chuo-ku, securities member corporation, sapporo stock exchange, 2nd floor main conference room, sapporo, Japan Board Change • May 01
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 3 experienced directors. 1 highly experienced director. 1 independent director (4 non-independent directors). Chairman & CEO Hajime Asai is the most experienced director on the board, commencing their role in 1990. Independent Outside Director Shun Nakatsuji was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Oct 03
Full year 2024 earnings released: EPS: JP¥76.01 (vs JP¥66.67 in FY 2023) Full year 2024 results: EPS: JP¥76.01 (up from JP¥66.67 in FY 2023). Revenue: JP¥2.52b (down 8.2% from FY 2023). Net income: JP¥122.0m (up 14% from FY 2023). Profit margin: 4.8% (up from 3.9% in FY 2023). The increase in margin was driven by lower expenses. 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. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥8.40 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.3%). Announcement • Jun 01
Tokan Oriens Co., Ltd acquired 45% stake in Tamakawa Mirai Factory Co., Ltd. from Insight Inc. (SPSE:2172). Tokan Oriens Co., Ltd acquired 45% stake in Tamakawa Mirai Factory Co., Ltd. from Insight Inc. (SPSE:2172) on May 31, 2024. Prior to the transaction, Tokan Oriens Co., Ltd held 15%. As part of the acquisition of, Tokan Oriens acquired 225 common shares and holds 60% stake in Tamakawa Mirai. Tamakawa Mirai reported net assets of -¥2.38 million, total assets of ¥9.8 million, sales of ¥32 million, operating loss of ¥8.5 million and net loss of ¥3.8 million for FY2023.Tokan Oriens Co., Ltd completed the acquisition of 45% stake in Tamakawa Mirai Factory Co., Ltd. from Insight Inc. (SPSE:2172) on May 31, 2024. Reported Earnings • May 19
Third quarter 2024 earnings released: EPS: JP¥16.20 (vs JP¥21.81 in 3Q 2023) Third quarter 2024 results: EPS: JP¥16.20 (down from JP¥21.81 in 3Q 2023). Revenue: JP¥691.0m (down 7.0% from 3Q 2023). Net income: JP¥26.0m (down 26% from 3Q 2023). Profit margin: 3.8% (down from 4.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 02
Kentaro Nakamura completed the acquisition of Fuwari Co.,Ltd. from Insight Inc. (SPSE:2172) Kentaro Nakamura signed basic stock transfer agreement to acquire Fuwari Co.,Ltd. from Insight Inc. (SPSE:2172) on April 11, 2024. As of June 30, 2023, Fuwari Co.,Ltd reported net assets of -¥41.1 million, total assets of ¥160 million, sales of approximately ¥300 million, and operating income of -¥3.1 million. Definitive agreement is expected to be signed on April 26, 2024, and the deal is expected to be completed on April 30, 2024.
Kentaro Nakamura completed the acquisition of Fuwari Co.,Ltd. from Insight Inc. (SPSE:2172) on April 30, 2024. Announcement • Apr 12
Kentaro Nakamura signed basic stock transfer agreement to acquire Fuwari Co.,Ltd. from Insight Inc. (SPSE:2172). Kentaro Nakamura signed basic stock transfer agreement to acquire Fuwari Co.,Ltd. from Insight Inc. (SPSE:2172) on April 11, 2024. As of June 30, 2023, Fuwari Co.,Ltd reported net assets of -¥41.1 million, total assets of ¥160 million, sales of approximately ¥300 million, and operating income of -¥3.1 million. Definitive agreement is expected to be signed on April 26, 2024, and the deal is expected to be completed on April 30, 2024. New Risk • Feb 17
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.5% Last year net profit margin: 6.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (JP¥613.1m market cap, or US$4.08m). Minor Risk Profit margins are more than 30% lower than last year (3.5% net profit margin). Reported Earnings • Nov 19
First quarter 2024 earnings released: EPS: JP¥28.66 (vs JP¥22.43 in 1Q 2023) First quarter 2024 results: EPS: JP¥28.66 (up from JP¥22.43 in 1Q 2023). Revenue: JP¥677.0m (down 9.4% from 1Q 2023). Net income: JP¥46.0m (up 28% from 1Q 2023). Profit margin: 6.8% (up from 4.8% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Oct 18
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 7.3% 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 (7.3% average weekly change). Market cap is less than US$10m (JP¥629.2m market cap, or US$4.20m). Reported Earnings • Aug 12
Full year 2023 earnings released: EPS: JP¥66.67 (vs JP¥42.37 in FY 2022) Full year 2023 results: EPS: JP¥66.67 (up from JP¥42.37 in FY 2022). Revenue: JP¥2.75b (up 18% from FY 2022). Net income: JP¥107.0m (up 57% from FY 2022). Profit margin: 3.9% (up from 2.9% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥471, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 16x in the Media industry in Japan. Total loss to shareholders of 20% over the past three years. Upcoming Dividend • Jun 23
Upcoming dividend of JP¥8.40 per share at 1.9% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 29 September 2023. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.4%). Reported Earnings • May 17
Third quarter 2023 earnings released: EPS: JP¥21.81 (vs JP¥41.12 in 3Q 2022) Third quarter 2023 results: EPS: JP¥21.81 (down from JP¥41.12 in 3Q 2022). Revenue: JP¥211.0m (down 74% from 3Q 2022). Net income: JP¥35.0m (down 47% from 3Q 2022). Profit margin: 17% (up from 8.0% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥395, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 15x in the Media industry in Japan. Total returns to shareholders of 36% over the past three years. Reported Earnings • Feb 17
Second quarter 2023 earnings released: EPS: JP¥52.34 (vs JP¥36.14 in 2Q 2022) Second quarter 2023 results: EPS: JP¥52.34 (up from JP¥36.14 in 2Q 2022). Revenue: JP¥1.10b (up 54% from 2Q 2022). Net income: JP¥84.0m (up 45% from 2Q 2022). Profit margin: 7.7% (down from 8.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥408, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 14x in the Media industry in Japan. Total loss to shareholders of 5.8% over the past three years. Reported Earnings • Nov 16
First quarter 2023 earnings released: EPS: JP¥22.43 (vs JP¥22.43 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥22.43 (up from JP¥22.43 loss in 1Q 2022). Revenue: JP¥937.0m (up 71% from 1Q 2022). Net income: JP¥36.0m (up JP¥72.0m from 1Q 2022). Profit margin: 3.8% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. No independent directors (3 non-independent directors). External Auditor Nobuya Sato was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Aug 12
Full year 2022 earnings released: EPS: JP¥42.37 (vs JP¥19.32 loss in FY 2021) Full year 2022 results: EPS: JP¥42.37 (up from JP¥19.32 loss in FY 2021). Revenue: JP¥2.63b (up 34% from FY 2021). Net income: JP¥68.0m (up JP¥99.0m from FY 2021). Profit margin: 2.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 16
Third quarter 2022 earnings released: EPS: JP¥41.12 (vs JP¥18.69 in 3Q 2021) Third quarter 2022 results: EPS: JP¥41.12 (up from JP¥18.69 in 3Q 2021). Revenue: JP¥825.0m (up 41% from 3Q 2021). Net income: JP¥66.0m (up 120% from 3Q 2021). Profit margin: 8.0% (up from 5.1% in 3Q 2021). The increase in margin was driven by higher revenue. 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 7% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. No independent directors (3 non-independent directors). External Auditor Nobuya Sato was the last director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Feb 20
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: JP¥36.14 (up from JP¥1.25 in 2Q 2021). Revenue: JP¥714.0m (up 62% from 2Q 2021). Net income: JP¥58.0m (up JP¥56.0m from 2Q 2021). Profit margin: 8.1% (up from 0.5% in 2Q 2021). The increase in margin was driven by higher revenue. 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 50 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 15
First quarter 2022 earnings released: JP¥22.43 loss per share (vs JP¥31.78 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥549.0m (up 20% from 1Q 2021). Net loss: JP¥36.0m (loss narrowed 29% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 05
Full year 2021 earnings released: JP¥19.32 loss per share (vs JP¥8.10 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥1.97b (down 16% from FY 2020). Net loss: JP¥31.0m (down 339% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 13
Full year 2021 earnings released: JP¥19.32 loss per share (vs JP¥8.10 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥1.97b (down 16% from FY 2020). Net loss: JP¥31.0m (down 339% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • May 18
Third quarter 2021 earnings released: EPS JP¥18.69 (vs JP¥26.79 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥584.0m (down 21% from 3Q 2020). Net income: JP¥30.0m (down 30% from 3Q 2020). Profit margin: 5.1% (down from 5.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Feb 11
Second quarter 2021 earnings released: EPS JP¥1.25 (vs JP¥1.87 in 2Q 2020) The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: JP¥440.0m (down 21% from 2Q 2020). Net income: JP¥2.00m (down 33% from 2Q 2020). Profit margin: 0.5% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Dec 09
New 90-day low: JP¥404 The company is down 18% from its price of JP¥490 on 11 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 12% over the same period. Reported Earnings • Nov 15
First quarter 2021 earnings released: JP¥31.78 loss per share The company reported a poor first quarter result with increased losses and weaker revenues and control over expenses. First quarter 2021 results: Revenue: JP¥458.0m (down 24% from 1Q 2020). Net loss: JP¥51.0m (loss widened JP¥48.0m from 1Q 2020). 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 17% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Nov 13
New 90-day low: JP¥451 The company is down 30% from its price of JP¥647 on 14 August 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 8.0% over the same period. Reported Earnings • Oct 03
Full year earnings released - EPS JP¥8.10 Over the last 12 months the company has reported total profits of JP¥13.0m, down 71% from the prior year. Total revenue was JP¥2.33b over the last 12 months, up 5.8% from the prior year. Profit margins were 0.6%, which is lower than the 2.0% margin from last year. The decrease in margin was driven by higher expenses.