Announcement • Jul 02
GA technologies Co., Ltd. (TSE:3491) completed the acquisition of SPC Securities Inc. from TPM inc. for approximately ¥4.5 billion. GA technologies Co., Ltd. (TSE:3491) entered into a share transfer agreement to acquire SPC Securities Inc. from TPM inc. for ¥5 billion on April 6, 2026. A cash consideration of ¥5 billion will be paid by GA technologies Co., Ltd. As part of consideration, ¥5 billion is paid towards common equity of SPC Securities Inc.
The expected completion of the transaction is June 30, 2026.
GA technologies Co., Ltd. (TSE:3491) completed the acquisition of SPC Securities Inc. from TPM inc. on June 30, 2026. Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,440, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 9.9% over the past three years. New Risk • Jun 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.5% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 12
Second quarter 2026 earnings released: EPS: JP¥60.03 (vs JP¥42.26 in 2Q 2025) Second quarter 2026 results: EPS: JP¥60.03 (up from JP¥42.26 in 2Q 2025). Revenue: JP¥83.8b (up 34% from 2Q 2025). Net income: JP¥2.46b (up 46% from 2Q 2025). Profit margin: 2.9% (up from 2.7% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Apr 21
GA technologies Co., Ltd. to Report Q2, 2026 Results on Jun 11, 2026 GA technologies Co., Ltd. announced that they will report Q2, 2026 results on Jun 11, 2026 Reported Earnings • Mar 18
First quarter 2026 earnings released: JP¥11.38 loss per share (vs JP¥12.51 profit in 1Q 2025) First quarter 2026 results: JP¥11.38 loss per share (down from JP¥12.51 profit in 1Q 2025). Revenue: JP¥58.6b (up 21% from 1Q 2025). Net loss: JP¥467.0m (down 201% from profit in 1Q 2025). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Jan 21
GA technologies Co., Ltd. to Report Q1, 2026 Results on Mar 17, 2026 GA technologies Co., Ltd. announced that they will report Q1, 2026 results on Mar 17, 2026 New Risk • Dec 19
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 8.0% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Dec 16
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥97.80 (up from JP¥50.01 in FY 2024). Revenue: JP¥248.9b (up 31% from FY 2024). Net income: JP¥3.89b (up 111% from FY 2024). Profit margin: 1.6% (up from 1.0% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 9.9%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Dec 15
GA technologies Co., Ltd., Annual General Meeting, Jan 29, 2026 GA technologies Co., Ltd., Annual General Meeting, Jan 29, 2026. Announcement • Nov 06
GA technologies Co., Ltd. to Report Fiscal Year 2025 Results on Dec 15, 2025 GA technologies Co., Ltd. announced that they will report fiscal year 2025 results on Dec 15, 2025 Valuation Update With 7 Day Price Move • Oct 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,280, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 62% over the past three years. New Risk • Sep 12
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 7.7% 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 Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Reported Earnings • Sep 12
Third quarter 2025 earnings released: EPS: JP¥20.93 (vs JP¥2.58 in 3Q 2024) Third quarter 2025 results: EPS: JP¥20.93 (up from JP¥2.58 in 3Q 2024). Revenue: JP¥58.7b (up 28% from 3Q 2024). Net income: JP¥859.0m (up JP¥764.0m from 3Q 2024). Profit margin: 1.5% (up from 0.2% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. New Risk • Aug 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Shareholders have been diluted in the past year (15% increase in shares outstanding). Announcement • Jul 29
GA technologies Co., Ltd. to Report Q3, 2025 Results on Sep 11, 2025 GA technologies Co., Ltd. announced that they will report Q3, 2025 results on Sep 11, 2025 Buy Or Sell Opportunity • Jul 15
Now 20% undervalued Over the last 90 days, the stock has risen 50% to JP¥1,926. The fair value is estimated to be JP¥2,409, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 72% in 2 years. Earnings are forecast to grow by 178% in the next 2 years. Reported Earnings • Jun 14
Second quarter 2025 earnings released: EPS: JP¥42.26 (vs JP¥22.93 in 2Q 2024) Second quarter 2025 results: EPS: JP¥42.26 (up from JP¥22.93 in 2Q 2024). Revenue: JP¥62.5b (up 21% from 2Q 2024). Net income: JP¥1.69b (up 101% from 2Q 2024). Profit margin: 2.7% (up from 1.6% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Jun 13
GA Technologies Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending October 31, 2025 GA technologies Co., Ltd. revised consolidated earnings guidance for the fiscal year ending October 31, 2025. For the period, the company expects net sales to be JPY 248,000 million, Business profit to be JPY 6,500 million, profit attributable to owners of parent to be JPY 3,200 million or JPY 80.46 basic earnings per share compared to previous guidance of net sales to be JPY 248,000 million, Business profit to be JPY 6,000 million, profit attributable to owners of parent to be JPY 3,000 million or JPY 81.24 basic earnings per share. Reason for the Revision to the Earnings Forecast: The Company has continued to invest in advanced technologies, including AI, to achieve high business growth and enhanced profitability. To expedite this strategy, the Company appointed a Chief Technology Officer (CTO) in December 2024 and developed technology strategies tailored to the characteristics of the RENOSY Marketplace Business and ITANDI Business. The Company is actively pursuing technology-driven business reform. The Company has automated routine tasks and enhanced business efficiency through AI, increasing productivity. Furthermore, optimizing advertising and marketing using data analysis has greatly improved customer acquisition efficiency. These initiatives have reduced costs across the Company more sharply than initially expected. As a result, profitability, particularly business profit, is projected to increase. The Company has thus revised its full-year earnings forecast upward. The Company will continue to implement AI and technology and other advanced technologies. By utilizing these technologies in each business process, the Company aims to continuously increase productivity and enhance profitability. Announcement • May 02
GA technologies Co., Ltd. to Report Q2, 2025 Results on Jun 12, 2025 GA technologies Co., Ltd. announced that they will report Q2, 2025 results on Jun 12, 2025 Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,275, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 15x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 18% over the past three years. Reported Earnings • Mar 14
First quarter 2025 earnings released: EPS: JP¥12.51 (vs JP¥2.29 in 1Q 2024) First quarter 2025 results: EPS: JP¥12.51 (up from JP¥2.29 in 1Q 2024). Revenue: JP¥48.3b (up 41% from 1Q 2024). Net income: JP¥462.0m (up 450% from 1Q 2024). Profit margin: 1.0% (up from 0.2% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 05
Full year 2024 earnings released: EPS: JP¥50.01 (vs JP¥27.51 in FY 2023) Full year 2024 results: EPS: JP¥50.01 (up from JP¥27.51 in FY 2023). Revenue: JP¥189.9b (up 30% from FY 2023). Net income: JP¥1.84b (up 82% from FY 2023). Profit margin: 1.0% (up from 0.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥1,222, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 23x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 36% over the past three years. Announcement • Feb 05
GA technologies Co., Ltd. has filed a Follow-on Equity Offering. GA technologies Co., Ltd. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 4,072,400
Transaction Features: Subsequent Direct Listing Board Change • Feb 04
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Director Kazuto Nakajima was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Feb 03
GA technologies Co., Ltd. to Report Q1, 2025 Results on Mar 13, 2025 GA technologies Co., Ltd. announced that they will report Q1, 2025 results on Mar 13, 2025 Announcement • Jan 30
GA Technologies Co., Ltd. Announces Executive Changes GA technologies Co., Ltd. announced that Saori Sato, outside directors resigned from the board of directors, effective January 30, 2025 due to personal reasons. As a result of Ms. Sato's resignation as a director who is a member of the Company's Audit Committee, the statutory number of directors who are members of the Company's Audit Committee will not be sufficient and therefore Mr. Kazuto Nakajima, a director who is a substitute Audit Committee member, will be appointed as a director who is a member of the Company's Audit Committee as of January 31, 2025. Mr. Nakajima was appointed as a substitute Outside Director at the Company's 12 Annual General Meeting of Shareholders held on January 29, 2025 and he is an Outside Director who is a member of the Audit Committee. Announcement • Jan 22
Online Real Estate Investment Service Renosy Aims to Sell 200 Newly-Built Apartments in 2025 to Expand Its Product Lineup GA technologies announced that its online real estate investment service RENOSY, has sold more than 50 properties in the RENOSY Property Investment (Newly-Built Apartment Investment) segment of its product lineup. Furthermore, the Company aims to sell200 properties in 2025. RENOSY is an online real estate investment service that leverages technology to deliver one-stop support for property purchase, management, and sale. By streamlining these processes, RENOSY ensures security, simplicity, and optimization in asset formation through real estate, maximizing the benefits of each investment. RENOSY has received much support from its numerous customers and has been No. 1 nationwide in terms of both investment condominium1 sales and investment condominium2 purchases according to research conducted by Tokyo Shoko Research in 2024. RENOSY has been working to expand its product lineup, to achieve the RENOSY brand concept of providing secure, simple, and optimized asset-building services through real estate. The RENOSY Property Investment segment began offering services to customers in December 2022. Features such as the RENOSY Turnkey Cycle and Asset Planner4 have been well received by customers. As a result, the number of properties sold in this segment surpassed 50 as of December 2024. Looking ahead, RENOSY aims to achieve cumulative sales of 200 properties within this segment by the end of 2025. RENOSY is committed to its brand concept of providing security, simplicity, and optimization asset-building services through real Estate. It aims to fulfill its brand vision, "making asset-building through real estate common practice" by continuing to support customers in achieving their ideal asset-building goals. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,436, the stock trades at a trailing P/E ratio of 28.8x. Average trailing P/E is 21x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 9.0% over the past three years. Reported Earnings • Dec 13
Full year 2024 earnings released: EPS: JP¥50.01 (vs JP¥27.51 in FY 2023) Full year 2024 results: EPS: JP¥50.01 (up from JP¥27.51 in FY 2023). Revenue: JP¥189.9b (up 30% from FY 2023). Net income: JP¥1.84b (up 82% from FY 2023). Profit margin: 1.0% (up from 0.7% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Dec 11
GA technologies Co., Ltd., Annual General Meeting, Jan 29, 2025 GA technologies Co., Ltd., Annual General Meeting, Jan 29, 2025. Announcement • Oct 08
GA technologies Co., Ltd. to Report Fiscal Year 2024 Results on Dec 12, 2024 GA technologies Co., Ltd. announced that they will report fiscal year 2024 results on Dec 12, 2024 Valuation Update With 7 Day Price Move • Oct 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,277, the stock trades at a trailing P/E ratio of 32x. Average forward P/E is 21x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 26% over the past three years. Reported Earnings • Sep 17
Third quarter 2024 earnings released: EPS: JP¥2.58 (vs JP¥6.61 in 3Q 2023) Third quarter 2024 results: EPS: JP¥2.58 (down from JP¥6.61 in 3Q 2023). Revenue: JP¥45.7b (up 29% from 3Q 2023). Net income: JP¥95.0m (down 61% from 3Q 2023). Profit margin: 0.2% (down from 0.7% 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 98% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Aug 15
GA technologies Co., Ltd. (TSE:3491) completed the acquisition of 48.14% stake in MERCURY REALTECH INNOVATOR Inc. (TSE:5025) from Takahiro Jin and JINX Inc. GA technologies Co., Ltd. (TSE:3491) proposed to acquire a 48.14% stake in MERCURY REALTECH INNOVATOR Inc. (TSE:5025) from Takahiro Jin and JINX Inc. for approximately ¥680 million in a tender offer transaction on July 16, 2024. Transaction is financed through cash on hand. The expected completion of the transaction is August 14, 2024. Mizuho Securities Co., Ltd. acted as financial advisor and Nishimura & Asahi acted as legal advisor to GA technologies. Shin Saiwai Law Office acted as legal advisor to MERCURY REALTECH INNOVATOR.
GA technologies Co., Ltd. (TSE:3491) completed the acquisition of 48.14% stake in MERCURY REALTECH INNOVATOR Inc. (TSE:5025) from Takahiro Jin and JINX Inc. on August 14, 2024. Announcement • Aug 06
GA technologies Co., Ltd. to Report Q3, 2024 Results on Sep 12, 2024 GA technologies Co., Ltd. announced that they will report Q3, 2024 results on Sep 12, 2024 Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥985, the stock trades at a trailing P/E ratio of 23.3x. Average forward P/E is 21x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 45% over the past three years. Announcement • Jul 17
GA technologies Co., Ltd. (TSE:3491) proposed to acquire a 48.14% stake in MERCURY REALTECH INNOVATOR Inc. (TSE:5025) from Takahiro Jin and JINX Inc. for approximately ¥680 million in a tender offer transaction. GA technologies Co., Ltd. (TSE:3491) proposed to acquire a 48.14% stake in MERCURY REALTECH INNOVATOR Inc. (TSE:5025) from Takahiro Jin and JINX Inc. for approximately ¥680 million in a tender offer transaction on July 16, 2024. Transaction is financed through cash on hand. The expected completion of the transaction is August 14, 2024. Mizuho Securities Co., Ltd. acted as financial advisor and Nishimura & Asahi acted as legal advisor to GA technologies. Shin Saiwai Law Office acted as legal advisor to MERCURY REALTECH INNOVATOR. Reported Earnings • Jun 15
Second quarter 2024 earnings released: EPS: JP¥22.93 (vs JP¥23.86 in 2Q 2023) Second quarter 2024 results: EPS: JP¥22.93 (down from JP¥23.86 in 2Q 2023). Revenue: JP¥51.6b (up 31% from 2Q 2023). Net income: JP¥843.0m (down 3.8% from 2Q 2023). Profit margin: 1.6% (down from 2.2% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Jun 14
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 7.6% 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. This is currently the only risk that has been identified for the company. Announcement • Apr 26
GA technologies Co., Ltd. to Report Q2, 2024 Results on Jun 13, 2024 GA technologies Co., Ltd. announced that they will report Q2, 2024 results on Jun 13, 2024 Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥1,361, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 21x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 39% over the past three years. Announcement • Apr 03
GA Technologies Co., Ltd. Announces the Assumption of Office of Namika Sagara as its Executive Officer CBO GA technologies Co., Ltd. announced that Ms. Namika Sagara assumed office as the Executive Officer CBO (Chief Behavioral Officer) of the Company on April 1, 2024. As one of the few Japanese with a doctoral degree in behavioral economics, Ms. Sagara has been providing consulting services based on behavioral economics in a variety of industries including finance, insurance and pharmaceuticals in Europe and the United States, even before behavioral economics became popular. In 2013, she established Sagara Consulting LLC and became its representative. In 2016, she became the founder and CEO of the behavioral science center at a leading market research company in the United States and built the industry's first capability based on behavioral economics. Since then, she has been providing behavioral science consulting around the world, mainly incorporating behavioral economics. The Company will incorporate the knowledge of behavioral economics that Ms. Sagara has developed over the years into the services of each business operated by the GA Group, and will translate this into further improvements in customer satisfaction and the overall growth of the GA Group. After graduating from the University of Oregon in 2002, she completed a master's program in psychology, specializing in behavioral economics, at the graduate school, followed by a doctoral program, specializing in behavioral economics, at the business school of the University of Oregon. After working as a postdoctoral fellow at the business school of Duke University, she founded Sagara Consulting LLC, a behavioral economics consulting company, and became its representative. In 2016, she became the founder and the representative of the behavioral science center at one of the world's leading market research companies. Currently, she is consulting based on behavioral science with a focus on behavioral economics all over the world, while serving as the representative of Behavioral Science Group, LLC. In 2024, she began an association with GA technologies Co., Ltd. Reported Earnings • Mar 12
First quarter 2024 earnings released: EPS: JP¥2.29 (vs JP¥13.62 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥2.29 (up from JP¥13.62 loss in 1Q 2023). Revenue: JP¥34.3b (up 43% from 1Q 2023). Net income: JP¥84.0m (up JP¥583.0m from 1Q 2023). Profit margin: 0.2% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Feb 09
GA technologies Co., Ltd. to Report Q1, 2024 Results on Mar 11, 2024 GA technologies Co., Ltd. announced that they will report Q1, 2024 results on Mar 11, 2024 Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,403, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 21x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 47% over the past three years. Reported Earnings • Dec 13
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥27.53 (up from JP¥10.97 in FY 2022). Revenue: JP¥146.6b (up 29% from FY 2022). Net income: JP¥1.01b (up 156% from FY 2022). Profit margin: 0.7% (up from 0.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Oct 20
GA technologies Co., Ltd. to Report Fiscal Year 2023 Results on Nov 12, 2023 GA technologies Co., Ltd. announced that they will report fiscal year 2023 results on Nov 12, 2023 New Risk • Oct 13
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 7.5% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,140, the stock trades at a forward P/E ratio of 66x. Average forward P/E is 17x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 61% over the past three years. Reported Earnings • Sep 15
Third quarter 2023 earnings released: EPS: JP¥6.61 (vs JP¥6.18 in 3Q 2022) Third quarter 2023 results: EPS: JP¥6.61 (up from JP¥6.18 in 3Q 2022). Revenue: JP¥35.6b (up 24% from 3Q 2022). Net income: JP¥243.0m (up 8.0% from 3Q 2022). Profit margin: 0.7% (down from 0.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Announcement • Sep 15
GA Technologies Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending October 31, 2023 GA technologies Co., Ltd. provided consolidated earnings guidance for the fiscal year ending October 31, 2023. For the year, the company expects revenue of JPY 145,500 million, business profit of JPY 2,150 million, profit attributable to owners of parent of JPY 940 million and basic earnings per share of JPY 25.60. Announcement • Jul 15
GA technologies Co., Ltd. to Report Q3, 2023 Results on Sep 14, 2023 GA technologies Co., Ltd. announced that they will report Q3, 2023 results on Sep 14, 2023 Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,410, the stock trades at a forward P/E ratio of 94x. Average forward P/E is 22x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 37% over the past three years. Announcement • Jun 15
GA technologies Co., Ltd. (TSE:3491) entered into a share purchase agreement to acquire Spica Consulting Inc. GA technologies Co., Ltd. (TSE:3491) entered into a share purchase agreement to acquire Spica Consulting Inc on June 14, 2023. The method of obtaining financing for acquisition is covered by cash on hand. The deal is expected to complete on July 3, 2023. New Risk • Jun 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings are forecast to decline by an average of 2.6% per year for the foreseeable future. Reported Earnings • Jun 13
Second quarter 2023 earnings released: EPS: JP¥23.83 (vs JP¥13.95 in 2Q 2022) Second quarter 2023 results: EPS: JP¥23.83 (up from JP¥13.95 in 2Q 2022). Revenue: JP¥39.3b (up 25% from 2Q 2022). Net income: JP¥876.0m (up 75% from 2Q 2022). Profit margin: 2.2% (up from 1.6% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Jun 12
GA Technologies Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending October 31, 2023 GA technologies Co., Ltd. provided consolidated earnings guidance for the fiscal year ending October 31, 2023. For the year, the company expects revenue of JPY 145,500 million, business profit of JPY 1,600 million, profit attributable to owners of parent of JPY 430 million and basic earnings per share of JPY 11.68. Reported Earnings • Mar 17
First quarter 2023 earnings released: JP¥13.62 loss per share (vs JP¥15.96 loss in 1Q 2022) First quarter 2023 results: JP¥13.62 loss per share (improved from JP¥15.96 loss in 1Q 2022). Revenue: JP¥24.1b (up 39% from 1Q 2022). Net loss: JP¥499.0m (loss narrowed 11% from 1Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings. Reported Earnings • Feb 02
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥10.97 (up from JP¥37.81 loss in FY 2021). Revenue: JP¥113.6b (up 33% from FY 2021). Net income: JP¥395.0m (up JP¥1.66b from FY 2021). Profit margin: 0.3% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Interactive Media and 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 74 percentage points per year, which is a significant difference in performance. Announcement • Jan 26
GA technologies Co., Ltd. to Report Q1, 2023 Results on Mar 16, 2023 GA technologies Co., Ltd. announced that they will report Q1, 2023 results on Mar 16, 2023 Announcement • Dec 17
GA technologies Co., Ltd., Annual General Meeting, Jan 26, 2023 GA technologies Co., Ltd., Annual General Meeting, Jan 26, 2023. Announcement • Dec 16
GA Technologies Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending October 31, 2023 GA technologies Co., Ltd. provided consolidated earnings guidance for the fiscal year ending October 31, 2023. The company expects net sales to be JPY 145,500 million, Business profit to be JPY 1,600 million, profit attributable to owners of parent to be JPY 430million or JPY 11.68 per basic share. Reported Earnings • Dec 16
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: JP¥10.98 (up from JP¥37.81 loss in FY 2021). Revenue: JP¥113.6b (up 33% from FY 2021). Net income: JP¥395.0m (up JP¥1.66b from FY 2021). Profit margin: 0.3% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 9.4% growth forecast for the Interactive Media and 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 77 percentage points per year, which is a significant difference in performance. Announcement • Oct 14
GA technologies Co., Ltd. to Report Fiscal Year 2022 Results on Dec 15, 2022 GA technologies Co., Ltd. announced that they will report fiscal year 2022 results on Dec 15, 2022 Reported Earnings • Sep 15
Third quarter 2022 earnings released: EPS: JP¥6.17 (vs JP¥10.25 loss in 3Q 2021) Third quarter 2022 results: EPS: JP¥6.17 (up from JP¥10.25 loss in 3Q 2021). Revenue: JP¥28.8b (up 59% from 3Q 2021). Net income: JP¥225.0m (up JP¥581.0m from 3Q 2021). Profit margin: 0.8% (up from net loss in 3Q 2021). Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Interactive Media and 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 121 percentage points per year, which is a significant difference in performance. Announcement • Sep 14
GA technologies Co., Ltd. Revises Consolidated Earnings Guidance for the Year Ending October 31, 2022 GA technologies Co., Ltd. revised consolidated earnings guidance for the year ending October 31, 2022. For the year, the company expects revenue of ¥110,000 million, operating profit of ¥850 million compared to previous guidance of ¥500 million and profit attributable to owners of parent of ¥180 million or basic earnings per share of ¥5.00 compared to previous guidance of loss attributable to owners of parent of ¥350 million or basic loss per share of ¥9.75. Announcement • Jul 29
GA technologies Co., Ltd. to Report Q3, 2022 Results on Sep 14, 2022 GA technologies Co., Ltd. announced that they will report Q3, 2022 results on Sep 14, 2022 Buying Opportunity • Jun 17
Now 21% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be JP¥1,263, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 36% over the last year. Meanwhile, the company became loss making. Reported Earnings • Jun 15
Second quarter 2022 earnings released: EPS: JP¥13.82 (vs JP¥10.04 in 2Q 2021) Second quarter 2022 results: EPS: JP¥13.82 (up from JP¥10.04 in 2Q 2021). Revenue: JP¥31.6b (up 27% from 2Q 2021). Net income: JP¥500.0m (up 45% from 2Q 2021). Profit margin: 1.6% (up from 1.4% in 2Q 2021). Over the next year, revenue is forecast to grow 30%, compared to a 12% growth forecast for the industry in Japan. Announcement • Jun 14
GA Technologies Co., Ltd. Revises Earnings Guidance for the Fiscal Year Ending October 31, 2022 GA technologies Co., Ltd. revised earnings guidance for the fiscal year ending October 31, 2022. For the period, Company now expects Revenue of JPY 110,000 million against previous guidance of JPY 110,000 million. Operating profit of JPY 500 million against previous guidance of JPY 57 million. Loss attributable to owners of parent of JPY 350 million against previous guidance of JPY 700 million. Basic loss per share of JPY 9.75 against previous guidance of JPY 19.77. Board Change • Apr 27
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. 5 non-independent directors. Independent Outside Director Saori Sato was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 21
GA technologies Co., Ltd. to Report Q2, 2022 Results on Jun 14, 2022 GA technologies Co., Ltd. announced that they will report Q2, 2022 results on Jun 14, 2022 Announcement • Feb 04
GA technologies Co., Ltd. to Report Q1, 2022 Results on Mar 17, 2022 GA technologies Co., Ltd. announced that they will report Q1, 2022 results on Mar 17, 2022 Reported Earnings • Dec 16
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: JP¥37.81 loss per share (down from JP¥31.22 profit in FY 2020). Revenue: JP¥85.4b (up 35% from FY 2020). Net loss: JP¥1.27b (down 240% from profit in FY 2020). Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 10%. Earnings per share (EPS) missed analyst estimates by 10%. Over the next year, revenue is forecast to grow 34%, compared to a 17% growth forecast for the industry in Japan. Announcement • Dec 15
GA technologies Co., Ltd. (TSE:3491) entered into an agreement to acquire Ricordi Co., Ltd. GA technologies Co., Ltd. (TSE:3491) entered into an agreement to acquire Ricordi Co., Ltd. on December 15, 2021. Announcement • Dec 01
GA technologies Co., Ltd. (TSE:3491) agreed to acquire rental & lease business from Dear Life Corporation Ltd. GA technologies Co., Ltd. (TSE:3491) agreed to acquire rental & lease business from Dear Life Corporation Ltd. on November 18, 2021. Pursuant to the transaction, Koichiro Ando, the CEO of DLC, is due to be appointed as the comprehensive manager of the business of the Southeast Asian region for the future. The acquisition has been passed in the board meeting of GA technologies and the general shareholders meeting of DL-holdings, Inc. The completion is scheduled to take place in 2022 accordingly. Announcement • Sep 15
GA technologies Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending October 31, 2021 GA technologies Co., Ltd. revised consolidated earnings guidance for the fiscal year ending October 31, 2021. For the year, the company expects net sales of JPY 85,000 million, operating loss of JPY 490 million, loss attributable to owners of parent of JPY 1,340 million and loss per share of JPY 39.93. Reported Earnings • Sep 15
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: JP¥18.1b (up 19% from 3Q 2020). Net loss: JP¥356.0m (down JP¥383.0m from profit in 3Q 2020). Reported Earnings • Jun 16
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥24.8b (up 68% from 2Q 2020). Net income: JP¥345.0m (up 73% from 2Q 2020). Profit margin: 1.4% (up from 1.3% in 2Q 2020). The increase in margin was driven by higher revenue.