New Risk • 13h
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: 2.4% Last year net profit margin: 4.7% 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (JP¥11.3b market cap, or US$70.8m). Reported Earnings • 13h
Full year 2026 earnings released: EPS: JP¥41.16 (vs JP¥71.46 in FY 2025) Full year 2026 results: EPS: JP¥41.16 (down from JP¥71.46 in FY 2025). Revenue: JP¥33.2b (up 15% from FY 2025). Net income: JP¥795.0m (down 41% from FY 2025). Profit margin: 2.4% (down from 4.7% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥7.50 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 30 September 2026. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (2.3%). Announcement • May 30
Cross Marketing Group Inc. to Report Q4, 2026 Results on Aug 10, 2026 Cross Marketing Group Inc. announced that they will report Q4, 2026 results on Aug 10, 2026 Reported Earnings • May 18
Third quarter 2026 earnings released: EPS: JP¥29.74 (vs JP¥29.70 in 3Q 2025) Third quarter 2026 results: EPS: JP¥29.74 (up from JP¥29.70 in 3Q 2025). Revenue: JP¥8.49b (up 13% from 3Q 2025). Net income: JP¥577.0m (up 3.0% from 3Q 2025). Profit margin: 6.8% (down from 7.4% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 15
Cross Marketing Group Inc. (TSE:3675) announces an Equity Buyback for 700,000 shares, representing 3.61% for ¥408.1 million. Cross Marketing Group Inc. (TSE:3675) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 3.61% of its issued share capital, for ¥408.1 million. The shares will be repurchase at a price of ¥583 per share. The purpose of the program is enabling flexible execution of capital policy and diversification of incentive plans. The program will take place on May 18, 2026. As of March 31, 2026, the company had 19,403,263 issued shares (including treasury stock) and 567,201 shares of treasury stock. Announcement • Apr 15
Cross Marketing Group Inc. (TSE:3675) concluded share transfer agreement to acquire STARTLING CO., LTD. Cross Marketing Group Inc. (TSE:3675) concluded share transfer agreement to acquire STARTLING CO., LTD on April 14, 2026.
The expected completion of the transaction is April 28, 2026. Declared Dividend • Mar 03
First half dividend of JP¥7.50 announced Shareholders will receive a dividend of JP¥7.50. Ex-date: 29th June 2026 Payment date: 30th September 2026 Dividend yield will be 2.5%, which is higher than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (14% cash payout ratio). The dividend has increased by an average of 15% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 14
Second quarter 2026 earnings released: EPS: JP¥31.18 (vs JP¥33.50 in 2Q 2025) Second quarter 2026 results: EPS: JP¥31.18 (down from JP¥33.50 in 2Q 2025). Revenue: JP¥8.39b (up 5.0% from 2Q 2025). Net income: JP¥605.0m (down 4.7% from 2Q 2025). Profit margin: 7.2% (down from 7.9% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥7.50 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 03 March 2026. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Announcement • Dec 09
Cross Marketing Group Inc. to Report Q2, 2026 Results on Feb 12, 2026 Cross Marketing Group Inc. announced that they will report Q2, 2026 results on Feb 12, 2026 Reported Earnings • Nov 18
First quarter 2026 earnings released: EPS: JP¥6.25 (vs JP¥7.41 in 1Q 2025) First quarter 2026 results: EPS: JP¥6.25 (down from JP¥7.41 in 1Q 2025). Revenue: JP¥6.71b (flat on 1Q 2025). Net income: JP¥121.0m (down 15% from 1Q 2025). Profit margin: 1.8% (down from 2.1% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Declared Dividend • Oct 06
Final dividend increased to JP¥7.50 Dividend of JP¥7.50 is 7.1% higher than last year. Ex-date: 29th December 2025 Payment date: 3rd March 2026 Dividend yield will be 2.1%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (17% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 22% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Sep 01
Cross Marketing Group Inc. to Report Q1, 2026 Results on Nov 14, 2025 Cross Marketing Group Inc. announced that they will report Q1, 2026 results on Nov 14, 2025 Reported Earnings • Aug 14
Full year 2025 earnings released: EPS: JP¥71.46 (vs JP¥62.01 in FY 2024) Full year 2025 results: EPS: JP¥71.46 (up from JP¥62.01 in FY 2024). Revenue: JP¥28.9b (up 10% from FY 2024). Net income: JP¥1.36b (up 14% from FY 2024). Profit margin: 4.7% (up from 4.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Aug 12
Cross Marketing Group Inc., Annual General Meeting, Sep 25, 2025 Cross Marketing Group Inc., Annual General Meeting, Sep 25, 2025. Announcement • Jun 25
Cross Marketing Group Inc. (TSE:3675) entered into agreement to acquire ASP, Influencer, and Marketing Business of NexTrend Inc from NexTrend Inc. Cross Marketing Group Inc. (TSE:3675) entered into agreement to acquire ASP, Influencer, and Marketing Business of NexTrend Inc from NexTrend Inc. on June 24, 2025. As part of transaction Cross Marketing Group Inc will pay cash to acquire ASP, Influencer, and Marketing Business of NexTrend Inc.
For the period ending March 31, 2025, ASP, Influencer, and Marketing Business of NexTrend Inc reported total revenue of ¥771 million.
The expected completion of the transaction is June 30, 2025. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (4.0%). In line with average of industry peers (2.1%). Announcement • Jun 03
Cross Marketing Group Inc. to Report Fiscal Year 2025 Results on Aug 12, 2025 Cross Marketing Group Inc. announced that they will report fiscal year 2025 results on Aug 12, 2025 Reported Earnings • May 20
Third quarter 2025 earnings released: EPS: JP¥29.70 (vs JP¥21.16 in 3Q 2024) Third quarter 2025 results: EPS: JP¥29.70 (up from JP¥21.16 in 3Q 2024). Revenue: JP¥7.52b (up 10% from 3Q 2024). Net income: JP¥560.0m (up 37% from 3Q 2024). Profit margin: 7.4% (up from 6.0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥568, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 16x in the Media industry in Japan. Total loss to shareholders of 34% over the past three years. Announcement • Mar 08
Cross Marketing Group Inc. to Report Q3, 2025 Results on May 15, 2025 Cross Marketing Group Inc. announced that they will report Q3, 2025 results on May 15, 2025 Declared Dividend • Mar 04
First half dividend of JP¥7.00 announced Shareholders will receive a dividend of JP¥7.00. Ex-date: 27th June 2025 Payment date: 30th September 2025 Dividend yield will be 2.1%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (9% earnings payout ratio) and cash flows (13% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 27% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 16
Second quarter 2025 earnings released: EPS: JP¥33.50 (vs JP¥37.02 in 2Q 2024) Second quarter 2025 results: EPS: JP¥33.50 (down from JP¥37.02 in 2Q 2024). Revenue: JP¥7.99b (up 16% from 2Q 2024). Net income: JP¥635.0m (down 11% from 2Q 2024). Profit margin: 7.9% (down from 10% in 2Q 2024). The decrease in margin was driven by higher expenses. New Risk • Dec 20
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 5.1% 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 Share price has been volatile over the past 3 months (5.1% average weekly change). Market cap is less than US$100m (JP¥14.2b market cap, or US$90.0m). Upcoming Dividend • Dec 20
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 04 March 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.3%). Announcement • Nov 30
Cross Marketing Group Inc. to Report Q2, 2025 Results on Feb 14, 2025 Cross Marketing Group Inc. announced that they will report Q2, 2025 results on Feb 14, 2025 Reported Earnings • Oct 03
Full year 2024 earnings released: EPS: JP¥62.01 (vs JP¥51.00 in FY 2023) Full year 2024 results: EPS: JP¥62.01 (up from JP¥51.00 in FY 2023). Revenue: JP¥26.2b (up 4.3% from FY 2023). Net income: JP¥1.19b (up 18% from FY 2023). Profit margin: 4.6% (up from 4.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% 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. Buy Or Sell Opportunity • Sep 02
Now 21% undervalued Over the last 90 days, the stock has risen 20% to JP¥713. The fair value is estimated to be JP¥902, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has declined by 14%. Announcement • Aug 27
Cross Marketing Group Inc. to Report Q1, 2025 Results on Nov 14, 2024 Cross Marketing Group Inc. announced that they will report Q1, 2025 results on Nov 14, 2024 Reported Earnings • Aug 14
Full year 2024 earnings released: EPS: JP¥62.01 (vs JP¥51.00 in FY 2023) Full year 2024 results: EPS: JP¥62.01 (up from JP¥51.00 in FY 2023). Revenue: JP¥26.2b (up 4.3% from FY 2023). Net income: JP¥1.19b (up 18% from FY 2023). Profit margin: 4.6% (up from 4.0% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% 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 • Aug 12
Cross Marketing Group Inc. (TSE:3675) announces an Equity Buyback for 700,000 shares, representing 3.51% for ¥400 million. Cross Marketing Group Inc. (TSE:3675) announces a share repurchase program. Under the program, the company will repurchase up to 700,000 shares, representing 3.51% of its issued share capital, for ¥400 million. The purpose of the program is enabling flexible execution of capital policy and diversification of incentive plans. The program is valid till February 12, 2025. As of June 30, 2024, the company had 19,970,464 issued shares (including treasury stock) and 687,401 shares of treasury stock. Announcement • Aug 09
Cross Marketing Group Inc., Annual General Meeting, Sep 27, 2024 Cross Marketing Group Inc., Annual General Meeting, Sep 27, 2024. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to JP¥435, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 16x in the Media industry in Japan. Total loss to shareholders of 18% over the past three years. 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 5.3% 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: 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 (5.3% average weekly change). Market cap is less than US$100m (JP¥12.0b market cap, or US$78.0m). Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥583, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 15x in the Media industry in Japan. Total loss to shareholders of 11% over the past three years. Announcement • May 26
Cross Marketing Group Inc. to Report Q4, 2024 Results on Aug 09, 2024 Cross Marketing Group Inc. announced that they will report Q4, 2024 results on Aug 09, 2024 Reported Earnings • May 18
Third quarter 2024 earnings released: EPS: JP¥21.16 (vs JP¥24.55 in 3Q 2023) Third quarter 2024 results: EPS: JP¥21.16 (down from JP¥24.55 in 3Q 2023). Revenue: JP¥6.83b (up 2.6% from 3Q 2023). Net income: JP¥408.0m (down 16% from 3Q 2023). Profit margin: 6.0% (down from 7.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 11% per year. Announcement • Mar 19
Cross Marketing Group Inc. to Report Q3, 2024 Results on May 14, 2024 Cross Marketing Group Inc. announced that they will report Q3, 2024 results on May 14, 2024 Buy Or Sell Opportunity • Feb 26
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.7% to JP¥598. The fair value is estimated to be JP¥489, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 6.3%. Declared Dividend • Feb 16
First half dividend of JP¥6.50 announced Shareholders will receive a dividend of JP¥6.50. Ex-date: 27th June 2024 Payment date: 29th September 2024 Dividend yield will be 2.2%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (14% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 15
Second quarter 2024 earnings released: EPS: JP¥37.02 (vs JP¥22.07 in 2Q 2023) Second quarter 2024 results: EPS: JP¥37.02 (up from JP¥22.07 in 2Q 2023). Revenue: JP¥6.89b (flat on 2Q 2023). Net income: JP¥711.0m (up 63% from 2Q 2023). Profit margin: 10% (up from 6.3% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥6.50 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 06 March 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.7%). Announcement • Dec 08
Cross Marketing Group Inc. to Report Q2, 2024 Results on Feb 13, 2024 Cross Marketing Group Inc. announced that they will report Q2, 2024 results on Feb 13, 2024 Reported Earnings • Nov 16
First quarter 2024 earnings released: JP¥7.06 loss per share (vs JP¥16.52 profit in 1Q 2023) First quarter 2024 results: JP¥7.06 loss per share (down from JP¥16.52 profit in 1Q 2023). Revenue: JP¥5.63b (down 7.8% from 1Q 2023). Net loss: JP¥135.0m (down 141% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year and the company’s share price has also increased by 15% per year. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥577, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 15x in the Media industry in Japan. Total returns to shareholders of 59% over the past three years. New Risk • Oct 27
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 5.4% 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: 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 (5.4% average weekly change). Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (JP¥13.1b market cap, or US$87.1m). Announcement • Aug 27
Cross Marketing Group Inc. to Report Q1, 2024 Results on Nov 13, 2023 Cross Marketing Group Inc. announced that they will report Q1, 2024 results on Nov 13, 2023 Announcement • Aug 22
Cross Marketing Group Inc. Announces Dividend for Fiscal Year Ended June 30, 2023, Payable on September 30, 2023 Cross Marketing Group Inc. announced dividend of JPY 6 per share against JPY 5.30 per share for fiscal year ended June 30, 2023. Scheduled date of commencing dividend payments of September 30, 2023. New Risk • Aug 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.4b (US$98.1m) This is considered a minor 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (4.0% net profit margin). Market cap is less than US$100m (JP¥14.4b market cap, or US$98.1m). Reported Earnings • Aug 12
Full year 2023 earnings released: EPS: JP¥51.00 (vs JP¥79.05 in FY 2022) Full year 2023 results: EPS: JP¥51.00 (down from JP¥79.05 in FY 2022). Revenue: JP¥25.1b (flat on FY 2022). Net income: JP¥1.01b (down 35% from FY 2022). Profit margin: 4.0% (down from 6.3% in FY 2022). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 11
Cross Marketing Group Inc., Annual General Meeting, Sep 28, 2023 Cross Marketing Group Inc., Annual General Meeting, Sep 28, 2023. Buying Opportunity • Aug 10
Now 24% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be JP¥1,006, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥6.00 per share at 1.4% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 02 October 2023. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.4%). Announcement • Jun 15
Cross Marketing Group Inc. to Report Fiscal Year 2023 Results on Aug 10, 2023 Cross Marketing Group Inc. announced that they will report fiscal year 2023 results on Aug 10, 2023 Reported Earnings • May 20
Third quarter 2023 earnings released: EPS: JP¥24.55 (vs JP¥12.58 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥24.55 (up from JP¥12.58 loss in 3Q 2022). Revenue: JP¥6.65b (up 14% from 3Q 2022). Net income: JP¥486.0m (up JP¥735.0m from 3Q 2022). Profit margin: 7.3% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • May 16
Cross Marketing Group Inc. (TSE:3675) announces an Equity Buyback for 800,000 shares, representing 4.01% for ¥500 million. Cross Marketing Group Inc. (TSE:3675) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 4.01% of its issued share capital, for ¥500 million. The purpose of the program is enabling flexible execution of capital policy and diversification of incentive plans. The program is valid till June 30, 2023. As of March 31, 2023, the company had 19,970,464 issued shares (including treasury stock) and 177,755 shares of treasury stock. Reported Earnings • Feb 14
Second quarter 2023 earnings released: EPS: JP¥22.07 (vs JP¥12.58 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥22.07 (up from JP¥12.58 loss in 2Q 2022). Revenue: JP¥6.90b (up 19% from 2Q 2022). Net income: JP¥437.0m (up JP¥686.0m from 2Q 2022). Profit margin: 6.3% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥623, the stock trades at a trailing P/E ratio of 7.6x. Average trailing P/E is 14x in the Media industry in Japan. Total returns to shareholders of 53% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 07 March 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.7%). Announcement • Dec 04
Cross Marketing Group Inc. to Report Q2, 2023 Results on Feb 13, 2023 Cross Marketing Group Inc. announced that they will report Q2, 2023 results on Feb 13, 2023 Reported Earnings • Nov 16
First quarter 2023 earnings released First quarter 2023 results: EPS: JP¥16.52. Net income: JP¥327.0m (up JP¥327.0m from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Outside Director Teruki Uchida was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 02
Cross Marketing Group Inc. (TSE:3675) acquired Infidex Co., Ltd. Cross Marketing Group Inc. (TSE:3675) acquired Infidex Co., Ltd. on July 29, 2022.
Cross Marketing Group Inc. (TSE:3675) completed the acquisition of Infidex Co., Ltd. on July 29, 2022. Announcement • Aug 28
Cross Marketing Group Inc. to Report Q1, 2023 Results on Nov 14, 2022 Cross Marketing Group Inc. announced that they will report Q1, 2023 results on Nov 14, 2022 Reported Earnings • Aug 17
Full year 2022 earnings released: EPS: JP¥79.05 (vs JP¥49.57 in FY 2021) Full year 2022 results: EPS: JP¥79.05 (up from JP¥49.57 in FY 2021). Revenue: JP¥24.9b (up 31% from FY 2021). Net income: JP¥1.56b (up 60% from FY 2021). Profit margin: 6.3% (up from 5.1% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥5.30 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 30 September 2022. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.4%). Announcement • Jun 03
Cross Marketing Group Inc. to Report Fiscal Year 2021 Results on Aug 15, 2022 Cross Marketing Group Inc. announced that they will report fiscal year 2021 results on Aug 15, 2022 Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorated over the past week After last week's 18% share price decline to JP¥727, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 13x in the Media industry in Japan. Total returns to shareholders of 115% over the past three years. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. 3 independent directors (4 non-independent directors). Independent Outside Director Teruki Uchida was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 08
Cross Marketing Group Inc. to Report Q3, 2022 Results on May 16, 2022 Cross Marketing Group Inc. announced that they will report Q3, 2022 results on May 16, 2022 Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥977, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 15x in the Media industry in Japan. Total returns to shareholders of 141% over the past three years. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 52% share price gain to JP¥1,316, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 19x in the Media industry in Japan. Total returns to shareholders of 242% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥956, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 21x in the Media industry in Japan. Total returns to shareholders of 92% over the past three years. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥931, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 18x in the Media industry in Japan. Total returns to shareholders of 77% over the past three years. Reported Earnings • Aug 13
Second quarter 2021 earnings released: EPS JP¥2.34 (vs JP¥11.07 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥5.26b (up 71% from 2Q 2020). Net income: JP¥46.0m (up JP¥264.0m from 2Q 2020). Profit margin: 0.9% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improved over the past week After last week's 25% share price gain to JP¥696, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 18x in the Media industry in Japan. Total returns to shareholders of 38% over the past three years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 38% share price gain to JP¥652, the stock trades at a trailing P/E ratio of 18.1x. Average trailing P/E is 24x in the Media industry in Japan. Negligible returns to shareholders over past three years. Reported Earnings • May 15
First quarter 2021 earnings released: EPS JP¥25.15 (vs JP¥12.59 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥5.50b (up 19% from 1Q 2020). Net income: JP¥494.0m (up 98% from 1Q 2020). Profit margin: 9.0% (up from 5.4% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS JP¥23.63 (vs JP¥24.10 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥16.0b (down 14% from FY 2019). Net income: JP¥466.0m (up JP¥943.0m from FY 2019). Profit margin: 2.9% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. 
