New Risk • Jun 28
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major 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 34% per year over the past 5 years. Market cap is less than US$10m (JP¥1.51b market cap, or US$9.36m). Announcement • Jun 18
Ekitan & Co., Ltd. to Report Q1, 2027 Results on Aug 12, 2026 Ekitan & Co., Ltd. announced that they will report Q1, 2027 results on Aug 12, 2026 Reported Earnings • May 19
Full year 2026 earnings released: JP¥77.89 loss per share (vs JP¥11.96 profit in FY 2025) Full year 2026 results: JP¥77.89 loss per share (down from JP¥11.96 profit in FY 2025). Revenue: JP¥2.99b (down 14% from FY 2025). Net loss: JP¥368.0m (down JP¥425.0m from profit in FY 2025). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • May 15
Ekitan & Co., Ltd., Annual General Meeting, Jun 26, 2026 Ekitan & Co., Ltd., Annual General Meeting, Jun 26, 2026. New Risk • Apr 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.58b (US$9.95m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 29% per year over the past 5 years. Market cap is less than US$10m (JP¥1.58b market cap, or US$9.95m). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Reported Earnings • Feb 16
Third quarter 2026 earnings released: JP¥3.81 loss per share (vs JP¥5.69 profit in 3Q 2025) Third quarter 2026 results: JP¥3.81 loss per share (down from JP¥5.69 profit in 3Q 2025). Revenue: JP¥727.0m (down 17% from 3Q 2025). Net loss: JP¥18.0m (down 167% from profit in 3Q 2025). 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 8% per year, which means it is significantly lagging earnings. New Risk • Feb 04
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 5.3% 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 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 30% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Market cap is less than US$100m (JP¥1.81b market cap, or US$11.5m). Announcement • Dec 11
Ekitan & Co., Ltd. to Report Q3, 2026 Results on Feb 13, 2026 Ekitan & Co., Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 17
Second quarter 2026 earnings released: JP¥7.20 loss per share (vs JP¥0.63 profit in 2Q 2025) Second quarter 2026 results: JP¥7.20 loss per share (down from JP¥0.63 profit in 2Q 2025). Revenue: JP¥733.0m (down 19% from 2Q 2025). Net loss: JP¥34.0m (down JP¥37.0m from profit in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • Oct 14
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.47b (US$9.69m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 277% Cash payout ratio: 147% Market cap is less than US$10m (JP¥1.47b market cap, or US$9.69m). Announcement • Sep 18
Ekitan & Co., Ltd. to Report Q2, 2026 Results on Nov 13, 2025 Ekitan & Co., Ltd. announced that they will report Q2, 2026 results on Nov 13, 2025 Reported Earnings • Aug 14
First quarter 2026 earnings released: JP¥10.80 loss per share (vs JP¥3.73 loss in 1Q 2025) First quarter 2026 results: JP¥10.80 loss per share (further deteriorated from JP¥3.73 loss in 1Q 2025). Revenue: JP¥711.0m (down 17% from 1Q 2025). Net loss: JP¥51.0m (loss widened 183% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 05
Full year 2025 earnings released: EPS: JP¥11.96 (vs JP¥152 loss in FY 2024) Full year 2025 results: EPS: JP¥11.96 (up from JP¥152 loss in FY 2024). Revenue: JP¥3.50b (down 13% from FY 2024). Net income: JP¥57.0m (up JP¥793.0m from FY 2024). Profit margin: 1.6% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Jun 03
Ekitan & Co., Ltd. to Report Q1, 2026 Results on Aug 12, 2025 Ekitan & Co., Ltd. announced that they will report Q1, 2026 results on Aug 12, 2025 Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥11.96 (vs JP¥152 loss in FY 2024) Full year 2025 results: EPS: JP¥11.96 (up from JP¥152 loss in FY 2024). Revenue: JP¥3.50b (down 13% from FY 2024). Net income: JP¥57.0m (up JP¥793.0m from FY 2024). Profit margin: 1.6% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • May 13
Ekitan & Co., Ltd., Annual General Meeting, Jun 25, 2025 Ekitan & Co., Ltd., Annual General Meeting, Jun 25, 2025. New Risk • Apr 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.45b (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 354% Cash payout ratio: 179% Market cap is less than US$10m (JP¥1.45b market cap, or US$9.98m). Minor Risk Large one-off items impacting financial results. Announcement • Mar 27
Ekitan & Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025 Ekitan & Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025 Announcement • Mar 22
TY Co., Ltd. completed the acquisition of Cirqua.,inc. from Ekitan & Co., Ltd. (TSE:3646). TY Co., Ltd. agreed to acquire Cirqua.,inc. from Ekitan & Co., Ltd. (TSE:3646) on February 28, 2025.
For the period ending March 31, 2024, Cirqua.,inc. reported total revenue of ¥803.48 million, EBIT of ¥17.37 million and net loss of ¥30.54 million. As of March 31, 2024, Cirqua.,inc. reported total assets of ¥168.96 million and total common equity of ¥83.98 million.
The expected completion of the transaction is March 21, 2025.
TY Co., Ltd. completed the acquisition of Cirqua.,inc. from Ekitan & Co., Ltd. (TSE:3646) on March 21, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥5.69 (vs JP¥10.53 in 3Q 2024) Third quarter 2025 results: EPS: JP¥5.69 (down from JP¥10.53 in 3Q 2024). Revenue: JP¥877.0m (down 21% from 3Q 2024). Net income: JP¥27.0m (down 47% from 3Q 2024). Profit margin: 3.1% (down from 4.6% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Announcement • Jan 03
Ekitan & Co., Ltd. to Report Q3, 2025 Results on Feb 12, 2025 Ekitan & Co., Ltd. announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: JP¥0.63 (vs JP¥156 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥0.63 (up from JP¥156 loss in 2Q 2024). Revenue: JP¥905.0m (down 3.9% from 2Q 2024). Net income: JP¥3.00m (up JP¥756.0m from 2Q 2024). Profit margin: 0.3% (up from net loss in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • Nov 01
Ekitan & Co., Ltd. to Report Q2, 2025 Results on Nov 12, 2024 Ekitan & Co., Ltd. announced that they will report Q2, 2025 results on Nov 12, 2024 New Risk • Aug 05
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 7.4% 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 Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 335% Earnings have declined by 65% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (JP¥1.48b market cap, or US$10.4m). Announcement • Jun 19
Ekitan & Co., Ltd. to Report Q1, 2025 Results on Aug 13, 2024 Ekitan & Co., Ltd. announced that they will report Q1, 2025 results on Aug 13, 2024 Reported Earnings • May 11
Full year 2024 earnings released: JP¥152 loss per share (vs JP¥16.88 profit in FY 2023) Full year 2024 results: JP¥152 loss per share (down from JP¥16.88 profit in FY 2023). Revenue: JP¥4.04b (up 26% from FY 2023). Net loss: JP¥736.0m (down JP¥825.0m from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 115 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.5%). Announcement • Mar 06
Ekitan & Co., Ltd. to Report Fiscal Year 2024 Results on May 09, 2024 Ekitan & Co., Ltd. announced that they will report fiscal year 2024 results on May 09, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥10.53 (vs JP¥0.58 in 3Q 2023) Third quarter 2024 results: EPS: JP¥10.53 (up from JP¥0.58 in 3Q 2023). Revenue: JP¥1.10b (up 31% from 3Q 2023). Net income: JP¥51.0m (up JP¥48.0m from 3Q 2023). Profit margin: 4.6% (up from 0.4% in 3Q 2023). 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 • Dec 27
Ekitan & Co., Ltd. to Report Q3, 2024 Results on Feb 08, 2024 Ekitan & Co., Ltd. announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: JP¥156 loss per share (vs JP¥4.32 profit in 2Q 2023) Second quarter 2024 results: JP¥156 loss per share (down from JP¥4.32 profit in 2Q 2023). Revenue: JP¥942.0m (up 24% from 2Q 2023). Net loss: JP¥753.0m (down JP¥777.0m from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 62% 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 • Sep 28
Ekitan & Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023 Ekitan & Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 New Risk • Aug 14
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 298% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.4% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 298% Paying a dividend despite having no free cash flows. Earnings have declined by 31% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.7% net profit margin). Market cap is less than US$100m (JP¥1.97b market cap, or US$13.6m). Reported Earnings • Aug 14
First quarter 2024 earnings released: JP¥8.46 loss per share (vs JP¥4.36 profit in 1Q 2023) First quarter 2024 results: JP¥8.46 loss per share (down from JP¥4.36 profit in 1Q 2023). Revenue: JP¥999.0m (up 30% from 1Q 2023). Net loss: JP¥41.0m (down 271% from profit in 1Q 2023). 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 4% per year, which means it is significantly lagging earnings. Announcement • Jun 28
Ekitan & Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Ekitan & Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Announcement • May 12
Ekitan & Co., Ltd., Annual General Meeting, Jun 27, 2023 Ekitan & Co., Ltd., Annual General Meeting, Jun 27, 2023. Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥16.88 (vs JP¥14.52 in FY 2022) Full year 2023 results: EPS: JP¥16.88 (up from JP¥14.52 in FY 2022). Revenue: JP¥3.21b (up 11% from FY 2022). Net income: JP¥89.0m (up 11% from FY 2022). Profit margin: 2.8% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 28 June 2023. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥0.58 (vs JP¥0.73 in 3Q 2022) Third quarter 2023 results: EPS: JP¥0.58 (down from JP¥0.73 in 3Q 2022). Revenue: JP¥844.0m (up 48% from 3Q 2022). Net income: JP¥3.00m (down 25% from 3Q 2022). Profit margin: 0.4% (down from 0.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jan 22
Ekitan & Co., Ltd. to Report Q3, 2023 Results on Feb 08, 2023 Ekitan & Co., Ltd. announced that they will report Q3, 2023 results on Feb 08, 2023 Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 6 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent Outside Director Takashi Morita is the most experienced director on the board, commencing their role in 2020. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 11
Second quarter 2023 earnings released: EPS: JP¥4.32 (vs JP¥1.82 in 2Q 2022) Second quarter 2023 results: EPS: JP¥4.32 (up from JP¥1.82 in 2Q 2022). Revenue: JP¥759.0m (up 11% from 2Q 2022). Net income: JP¥24.0m (up 140% from 2Q 2022). Profit margin: 3.2% (up from 1.5% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Nov 10
Ekitan & Co., Ltd. (TSE:3646) announces an Equity Buyback for 750,000 shares, representing 13.41% for ¥374.25 million. Ekitan & Co., Ltd. (TSE:3646) announces a share repurchase program. Under the plan, the company will repurchase up to 750,000 shares, representing 13.41% for ¥374.25 million. The shares will be purchased at a price of ¥499 per share. The purpose of the plan is to implement a flexible capital policy that responds to changes in the business environment and to improve capital efficiency. As of September 30, 2022, the company has 5,593,684 shares outstanding and 1,225,116 shares in treasury. Announcement • Oct 26
Ekitan & Co., Ltd. (TSE:3646) agreed to acquire PROUD ENGINE Inc. from Neo Career Co., LTD. for ¥220 million. Ekitan & Co., Ltd. (TSE:3646) agreed to acquire PROUD ENGINE Inc. from Neo Career Co., LTD. for ¥220 million on October 24, 2022. The transaction is expected to complete on November 30, 2022. Announcement • Sep 22
Ekitan & Co., Ltd. to Report Q2, 2023 Results on Nov 09, 2022 Ekitan & Co., Ltd. announced that they will report Q2, 2023 results on Nov 09, 2022 Reported Earnings • Aug 13
First quarter 2023 earnings released: EPS: JP¥4.36 (vs JP¥3.63 in 1Q 2022) First quarter 2023 results: EPS: JP¥4.36 (up from JP¥3.63 in 1Q 2022). Revenue: JP¥770.0m (down 11% from 1Q 2022). Net income: JP¥24.0m (up 20% from 1Q 2022). Profit margin: 3.1% (up from 2.3% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Jul 10
Ekitan & Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022 Ekitan & Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 13
Full year 2022 earnings released: EPS: JP¥14.52 (vs JP¥22.51 in FY 2021) Full year 2022 results: EPS: JP¥14.52 (down from JP¥22.51 in FY 2021). Revenue: JP¥2.89b (up 49% from FY 2021). Net income: JP¥80.0m (down 36% from FY 2021). Profit margin: 2.8% (down from 6.4% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • May 13
Ekitan & Co., Ltd., Annual General Meeting, Jun 27, 2022 Ekitan & Co., Ltd., Annual General Meeting, Jun 27, 2022. Board Change • Apr 27
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 7 new directors. 3 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Outside Auditor Tsutomu Okada is the most experienced director on the board, commencing their role in 2014. Independent Outside Director Yukifumi Morita was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 08
Ekitan & Co., Ltd. to Report Fiscal Year 2022 Results on May 11, 2022 Ekitan & Co., Ltd. announced that they will report fiscal year 2022 results on May 11, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 29 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥0.73 (down from JP¥12.34 in 3Q 2021). Revenue: JP¥571.0m (up 19% from 3Q 2021). Net income: JP¥4.00m (down 94% from 3Q 2021). Profit margin: 0.7% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 15
Second quarter 2022 earnings released: EPS JP¥1.82 (vs JP¥5.81 in 2Q 2021) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥685.0m (up 35% from 2Q 2021). Net income: JP¥10.0m (down 69% from 2Q 2021). Profit margin: 1.5% (down from 6.3% in 2Q 2021). The decrease in margin was driven by higher expenses. 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 25% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥3.63 (vs JP¥1.27 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥864.0m (up 71% from 1Q 2021). Net income: JP¥20.0m (up JP¥27.0m from 1Q 2021). Profit margin: 2.3% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥22.51 (vs JP¥4.19 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥1.95b (down 32% from FY 2020). Net income: JP¥124.0m (up 439% from FY 2020). Profit margin: 6.4% (up from 0.8% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 30 June 2021. The company last paid an ordinary dividend in August 2020. The average dividend yield among industry peers is 1.2%. Announcement • Feb 18
Ekitan & Co., Ltd. (TSE:3646) entered into an agreement to acquire Smartphone In-Feed Advertising Business from Maverick., Inc. for ¥780 million. Ekitan & Co., Ltd. (TSE:3646) entered into an agreement to acquire Smartphone In-Feed Advertising Business from Maverick., Inc. for ¥780 million on February 17, 2021. Post completion, the acquired business will be formed as a company under the name of Circua Co., Ltd. Under the terms, Ekitan & Co. will acquire 5,000 shares in Circua Co., Ltd. The consideration will be paid in cash. In 2020, Smartphone In-Feed Advertising Business of Maverick., Inc. reported sales of ¥2.25 billion, operating of ¥104 million. In addition, book value of assets split by Maverick due to the company split will be ¥50 million and book value of liabilities will be ¥0 million as of November 30, 2020. As on February 17, 2021, at the Board of Directors meeting, Ekitan & Co. resolved this transaction. The transaction is expected to close on April 1, 2021. Is New 90 Day High Low • Feb 18
New 90-day high: JP¥535 The company is up 13% from its price of JP¥472 on 20 November 2020. The Japanese market is also up 13% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Interactive Media and Services industry, which is up 7.0% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥12.34 (vs JP¥9.47 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥479.0m (down 34% from 3Q 2020). Net income: JP¥68.0m (up 31% from 3Q 2020). Profit margin: 14% (up from 7.2% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 92% 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 • Oct 04
Ekitan & Co., Ltd. to Report Q2, 2021 Results on Nov 13, 2020 Ekitan & Co., Ltd. announced that they will report Q2, 2021 results on Nov 13, 2020 Announcement • Jun 28
Ekitan & Co., Ltd. to Report Q1, 2021 Results on Aug 12, 2020 Ekitan & Co., Ltd. announced that they will report Q1, 2021 results on Aug 12, 2020