Announcement • Jun 03
Akatsuki Games Inc. Launches Main Story Chapter 12 X-OVER And Debuts New Character In Kaiju No. 8 The Game KAIJU NO. 8 THE GAME, co-produced by Akatsuki Games, TOHO, and Production I.G, launched Main Story Chapter 12: "X-OVER." The update marks the long-awaited debut of ?5 [Sky-Piercing Bolt] Gen Narumi in a custom CLOZER suit. Players can earn up to 1,500 Dimensional Crystals through the New Chapter Event while playing through a story that puts the First Division's pride to the test. Main Story Chapter 12: X-OVER is now available. The update introduces the final battle against humanity's greatest threat—Dimensional Identified Kaiju A—looming on the horizon. CLOZER proposes a large-scale expedition to concentrate global defense forces in New York. The plan hits a sudden roadblock when the operation's prime asset, First Division Captain Gen Narumi, refuses to take part. Stung by their own lack of power, Rin Shinonome and the rest of the First Division vow to defend the nation without their strongest captain. As Shinonome searches for a way to bridge the gap, the genius scientist Suited offers a solution: the X-OVER Suit, a new model still in development. With the First Division's pride on the line against an overwhelming foe, the stage is set for a shocking turn of events. Players can progress through Main Story Chapter 12 and challenge the score battles to earn rewards up to 1,500 Dimensional Crystals. ?5 [Sky-Piercing Bolt] Gen Narumi joins the battle in this update. Narumi takes the field in a custom-calibrated CLOZER suit. Developed alongside it is D-Numbers Weapon 1, which, like Rt-0001, takes the form of contact lenses. The lenses amplify the electrical signals running through his body, which he then discharges through his gauntlet. [Sky-Piercing Bolt] Gen Narumi (Optimal weapon type: Gunsword). New ?5 Weapon: GS-Aremihc (Gunsword). Upcoming Dividend • May 21
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 31 August 2026. Payout ratio is a comfortable 20% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.0%). Announcement • May 09
IG Port, Inc. to Report Fiscal Year 2026 Results on Jul 15, 2026 IG Port, Inc. announced that they will report fiscal year 2026 results on Jul 15, 2026 Reported Earnings • Apr 15
Third quarter 2026 earnings released: EPS: JP¥36.60 (vs JP¥12.55 in 3Q 2025) Third quarter 2026 results: EPS: JP¥36.60 (up from JP¥12.55 in 3Q 2025). Revenue: JP¥4.35b (up 33% from 3Q 2025). Net income: JP¥740.0m (up 208% from 3Q 2025). Profit margin: 17% (up from 7.3% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 16% per year. Announcement • Apr 07
IG Port, Inc. to Report Q3, 2026 Results on Apr 14, 2026 IG Port, Inc. announced that they will report Q3, 2026 results on Apr 14, 2026 New Risk • Feb 18
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 5.5% 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. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (64% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (4.7% net profit margin). Reported Earnings • Jan 15
Second quarter 2026 earnings released: EPS: JP¥2.87 (vs JP¥12.65 in 2Q 2025) Second quarter 2026 results: EPS: JP¥2.87 (down from JP¥12.65 in 2Q 2025). Revenue: JP¥3.15b (down 2.0% from 2Q 2025). Net income: JP¥58.0m (down 76% from 2Q 2025). Profit margin: 1.8% (down from 7.5% in 2Q 2025). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Dec 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Dec 02
Akatsuki Games Inc., TOHO Co., Ltd., Production I.G, Inc. Announce Main Story Chapter 6: Operation: Reclaim Christmas Eve and the New 5 Character Gen Narumi Are Now Available KAIJU NO. 8 THE GAME, co-produced by Akatsuki Games, TOHO, and Production I.G, is excited to announce that Main Story Chapter 6: Operation: Reclaim Christmas Eve and the new 5 character [Japan's Strongest Santa] Gen Narumi are now available! Main Story Chapter 6: operation: Reclaim Christmas EveNow Released! With each of their hopes held close, they rise up to protect the smiles of the children and the city. New Chapter Event: To celebrate the release of Main Story Chapter 6, the New Chapter Event is now available. Progress through Main Story Chapter 6 and challenge the Score Battles to earn rewards up to Dimensional Crystal x1500. For more details, please check out the in-game announcement. Main Story Chapter 6 Release Celebration Login Bonus: Naoya Matsumoto's hit manga series, Kaiju No. 8, has been serialized on Shueisha's Shonen Jump+, and with over 19 million copies printed and distributed in Japan (including digital editions) across 16 published volumes. The anime Kaiju No. 8 has also garnered immense popularity not only in Japan but also worldwide, particularly in North America. Following its global success, Kaiju No. 8 THE GAME--co-produced by the powerhouse team of Ak Akatsuki Games, TOO, and Production I.G--is now officially available on the App Store, Google Play, and Steam®?. Announcement • Nov 18
IG Port, Inc. to Report Q2, 2026 Results on Jan 14, 2026 IG Port, Inc. announced that they will report Q2, 2026 results on Jan 14, 2026 Reported Earnings • Oct 16
First quarter 2026 earnings released: EPS: JP¥10.05 (vs JP¥12.08 in 1Q 2025) First quarter 2026 results: EPS: JP¥10.05 (down from JP¥12.08 in 1Q 2025). Revenue: JP¥3.06b (down 32% from 1Q 2025). Net income: JP¥199.0m (down 14% from 1Q 2025). Profit margin: 6.5% (up from 5.2% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Sep 28
Price target decreased by 9.1% to JP¥3,215 Down from JP¥3,535, the current price target is an average from 2 analysts. New target price is 112% above last closing price of JP¥1,514. Stock is down 30% over the past year. The company is forecast to post earnings per share of JP¥67.15 for next year compared to JP¥43.28 last year. Announcement • Sep 22
Akatsuki Games Inc., Toho Co., Ltd., Production I.G, Inc. Announces Kaiju No. 8 the Game Syncs Up with the Anime, Soshiro Hoshina Wearing Numbers Weapon 10 KAIJU NO. 8 THE GAME, co-produced by Akatsuki Games, TOHO, and Production I.G, announced that Soshiro Hoshina, wearing Numbers Weapon 10, debuts in the game right after his appearance in the latest episode of the Kaiju No. 8 anime. Additional assets, including the 5 Character Soshiro Hoshina and 5 Weapon SW- Susanoo (Twin Sweden), are available in the attached press asset folder. The character story for [United Front] Soshiro Hoshina is now live in KAIJU NO. 8 The GAME. This new episode highlights the activation experiment of a new identified Kaiju Weapon infused with the power of Kaiju No. 10. As Hoshina prepares for the battles ahead, he pushes himself to unlock even greater strength. Reported Earnings • Sep 02
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥43.28 (down from JP¥60.66 in FY 2024). Revenue: JP¥14.6b (up 23% from FY 2024). Net income: JP¥828.0m (down 28% from FY 2024). Profit margin: 5.7% (down from 9.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 32%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 57% per year and the company’s share price has also increased by 57% per year. Announcement • Aug 19
IG Port, Inc. to Report Q1, 2026 Results on Oct 15, 2025 IG Port, Inc. announced that they will report Q1, 2026 results on Oct 15, 2025 Announcement • Aug 05
Akatsuki Games Inc., Too Co., Ltd., Production I.G, Inc. Announces Kaiju No. 8 the Game Release Set for August 31 Based on Naoya Matsumoto's hit manga series Kaiju No. 8, serialized on Shueisha's Shonen Jump+ and with over 18 million copies printed and distributed in Japan (including digital editions) across 15 published volumes, the anime Kaiju No. 8 has garnered immense popularity not only in Japan but also worldwide, particularly in North America. Building on this global success, Kaiju No. 8 THE GAME, a new title for mobile and PC, is being developed by the powerhouse team of Akatsuki Games, TOHO, and Production I.G. After much anticipation following the start of pre-registration on April 25 this year, the official release date for Kaiju No. 8 THE game has finally been set for August 31 (JST). Additionally, a new trailer and key visual have been unveiled! The artwork features the Japan Defense Force members, armed and ready, with Kaiju No. 8 at the forefront, as well as the original characters from CLOZER led by Sagan Shinomiya. The special program also showcased a stream of newly released in-game footage. In addition to cutscenes featured within the game's story mode, the program unveiled original Kaiju created exclusively for the game. Based on the total number of pre-registrations, players will receive exclusive characters and awesome in-game items when the game launches. Major Estimate Revision • Jul 25
Consensus EPS estimates fall by 25%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from JP¥15.2b to JP¥15.5b. EPS estimate fell from JP¥83.73 to JP¥62.70 per share. Net income forecast to grow 69% next year vs 21% growth forecast for Entertainment industry in Japan. Consensus price target of JP¥3,535 unchanged from last update. Share price rose 19% to JP¥1,847 over the past week. New Risk • Jul 14
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: 5.7% Last year net profit margin: 9.8% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.7% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (5.7% net profit margin). Announcement • Jul 11
IG Port, Inc., Annual General Meeting, Aug 28, 2025 IG Port, Inc., Annual General Meeting, Aug 28, 2025. Price Target Changed • Jul 08
Price target increased by 8.8% to JP¥3,535 Up from JP¥3,250, the current price target is an average from 2 analysts. New target price is 70% above last closing price of JP¥2,077. Stock is up 83% over the past year. The company is forecast to post earnings per share of JP¥64.97 for next year compared to JP¥60.66 last year. Announcement • Jul 04
IG Port, Inc. announced that it has received ¥1.625925 billion in funding from Sanrio Company, Ltd. On July 3, 2025, IG Port, Inc. closed the transaction. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥2,271, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 21x in the Entertainment industry in Japan. Total returns to shareholders of 520% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,632 per share. Announcement • Jun 17
IG Port, Inc. announced that it expects to receive ¥1.625925 billion in funding from Sanrio Company, Ltd. IG Port, Inc. announced a private placement and business alliance agreement with Sanrio Company, Ltd. to issue 929,100 shares at an issue price of ¥1,750 per share for gross proceeds of ¥1,625,925,000 on June 17, 2025. The transaction has been approved by shareholders, expected to close on July 3, 2025, disclosed the issue expenses of ¥15,000,000 and net proceeds of ¥1,610,925,000. Upcoming Dividend • May 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 01 September 2025. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (1.2%). Announcement • May 01
IG Port, Inc. to Report Fiscal Year 2025 Results on Jul 11, 2025 IG Port, Inc. announced that they will report fiscal year 2025 results on Jul 11, 2025 Reported Earnings • Apr 12
Third quarter 2025 earnings released: EPS: JP¥12.55 (vs JP¥13.38 in 3Q 2024) Third quarter 2025 results: EPS: JP¥12.55 (down from JP¥13.38 in 3Q 2024). Revenue: JP¥3.28b (up 8.4% from 3Q 2024). Net income: JP¥240.0m (down 6.2% from 3Q 2024). Profit margin: 7.3% (down from 8.5% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Entertainment 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 increased by 73% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,668, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 18x in the Entertainment industry in Japan. Total returns to shareholders of 438% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,123 per share. Announcement • Feb 06
IG Port, Inc. to Report Q3, 2025 Results on Apr 11, 2025 IG Port, Inc. announced that they will report Q3, 2025 results on Apr 11, 2025 Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥2,421, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 25x in the Entertainment industry in Japan. Total returns to shareholders of 627% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,545 per share. Reported Earnings • Jan 15
Second quarter 2025 earnings released: EPS: JP¥12.65 (vs JP¥11.03 in 2Q 2024) Second quarter 2025 results: EPS: JP¥12.65 (up from JP¥11.03 in 2Q 2024). Revenue: JP¥3.21b (up 17% from 2Q 2024). Net income: JP¥242.0m (up 15% from 2Q 2024). Profit margin: 7.5% (down from 7.7% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 15
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to JP¥2,267. The fair value is estimated to be JP¥1,847, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Earnings per share has grown by 44%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 57% in the next 2 years. Buy Or Sell Opportunity • Nov 11
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 27% to JP¥2,260. The fair value is estimated to be JP¥1,880, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years. Earnings per share has grown by 44%. Revenue is forecast to grow by 15% in 2 years. Earnings are forecast to grow by 63% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥2,133, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 21x in the Entertainment industry in Japan. Total returns to shareholders of 410% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,884 per share. Reported Earnings • Oct 16
First quarter 2025 earnings released: EPS: JP¥12.08 (vs JP¥17.70 in 1Q 2024) First quarter 2025 results: EPS: JP¥12.08 (down from JP¥17.70 in 1Q 2024). Revenue: JP¥4.48b (up 80% from 1Q 2024). Net income: JP¥231.0m (down 31% from 1Q 2024). Profit margin: 5.2% (down from 14% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 07
Now 20% undervalued Over the last 90 days, the stock has risen 71% to JP¥1,936. The fair value is estimated to be JP¥2,424, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Reported Earnings • Sep 05
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥243 (up from JP¥40.62 in FY 2023). Revenue: JP¥11.8b (up 6.1% from FY 2023). Net income: JP¥1.16b (up 51% from FY 2023). Profit margin: 9.8% (up from 6.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 65% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Sep 02
Now 21% undervalued Over the last 90 days, the stock has risen 73% to JP¥1,905. The fair value is estimated to be JP¥2,424, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Announcement • Aug 09
IG Port, Inc. to Report Q1, 2025 Results on Oct 11, 2024 IG Port, Inc. announced that they will report Q1, 2025 results on Oct 11, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,570, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 20x in the Entertainment industry in Japan. Total returns to shareholders of 292% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,823 per share. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 49% After last week's 49% share price gain to JP¥1,735, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 23x in the Entertainment industry in Japan. Total returns to shareholders of 329% over the past three years. Reported Earnings • Jul 16
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥243 (up from JP¥40.62 in FY 2023). Revenue: JP¥11.8b (up 6.1% from FY 2023). Net income: JP¥1.16b (up 51% from FY 2023). Profit margin: 9.8% (up from 6.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Revenue is forecast to grow 8.3% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Announcement • Jul 13
IG Port, Inc., Annual General Meeting, Aug 29, 2024 IG Port, Inc., Annual General Meeting, Aug 29, 2024. New Risk • Jun 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.4% 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 (8.4% average weekly change). Earnings are forecast to decline by an average of 6.4% per year for the foreseeable future. Upcoming Dividend • May 23
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 30 August 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.4%). Announcement • May 10
IG Port, Inc. to Report Fiscal Year 2024 Results on Jul 12, 2024 IG Port, Inc. announced that they will report fiscal year 2024 results on Jul 12, 2024 Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥4,490, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Entertainment industry in Japan. Total returns to shareholders of 163% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,331 per share. Buy Or Sell Opportunity • Apr 16
Now 21% undervalued Over the last 90 days, the stock has risen 3.9% to JP¥5,010. The fair value is estimated to be JP¥6,332, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 51% in the next 2 years. Reported Earnings • Apr 14
Third quarter 2024 earnings released: EPS: JP¥53.53 (vs JP¥62.15 in 3Q 2023) Third quarter 2024 results: EPS: JP¥53.53 (down from JP¥62.15 in 3Q 2023). Revenue: JP¥3.03b (up 8.3% from 3Q 2023). Net income: JP¥256.0m (down 13% from 3Q 2023). Profit margin: 8.5% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥5,720, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 21x in the Entertainment industry in Japan. Total returns to shareholders of 236% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥11,416 per share. Announcement • Feb 07
IG Port, Inc. to Report Q3, 2024 Results on Apr 12, 2024 IG Port, Inc. announced that they will report Q3, 2024 results on Apr 12, 2024 Reported Earnings • Jan 14
Second quarter 2024 earnings released: EPS: JP¥44.14 (vs JP¥27.79 in 2Q 2023) Second quarter 2024 results: EPS: JP¥44.14 (up from JP¥27.79 in 2Q 2023). Revenue: JP¥2.74b (down 8.0% from 2Q 2023). Net income: JP¥211.0m (up 61% from 2Q 2023). Profit margin: 7.7% (up from 4.4% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥5,330, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 19x in the Entertainment industry in Japan. Total returns to shareholders of 313% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,309 per share. Announcement • Oct 29
IG Port, Inc. to Report Q2, 2024 Results on Jan 12, 2024 IG Port, Inc. announced that they will report Q2, 2024 results on Jan 12, 2024 Reported Earnings • Oct 16
First quarter 2024 earnings released: EPS: JP¥70.82 (vs JP¥53.24 in 1Q 2023) First quarter 2024 results: EPS: JP¥70.82 (up from JP¥53.24 in 1Q 2023). Revenue: JP¥2.49b (down 5.9% from 1Q 2023). Net income: JP¥336.0m (up 34% from 1Q 2023). Profit margin: 14% (up from 9.5% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 05
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥162 (up from JP¥1.01 in FY 2022). Revenue: JP¥11.2b (down 6.0% from FY 2022). Net income: JP¥766.0m (up JP¥761.0m from FY 2022). Profit margin: 6.9% (up from 0% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 9.5%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 30
IG Port, Inc. to Report Q1, 2024 Results on Oct 13, 2023 IG Port, Inc. announced that they will report Q1, 2024 results on Oct 13, 2023 New Risk • Jul 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.7b (US$97.9m) 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 Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (JP¥13.7b market cap, or US$97.9m). Reported Earnings • Jul 16
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥162 (up from JP¥1.01 in FY 2022). Revenue: JP¥11.2b (down 6.0% from FY 2022). Net income: JP¥766.0m (up JP¥761.0m from FY 2022). Profit margin: 6.9% (up from 0% in FY 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 9.5%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 16
IG Port, Inc., Annual General Meeting, Aug 29, 2023 IG Port, Inc., Annual General Meeting, Aug 29, 2023. New Risk • Jul 05
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 Risks Share price has been highly volatile over the past 3 months (7.7% average weekly change). Earnings are forecast to decline by an average of 15% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (0.5% net profit margin). Upcoming Dividend • May 23
Upcoming dividend of JP¥35.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.7%). Announcement • May 12
IG Port, Inc. to Report Fiscal Year 2023 Results on Jul 14, 2023 IG Port, Inc. announced that they will report fiscal year 2023 results on Jul 14, 2023 Reported Earnings • Apr 16
Third quarter 2023 earnings released: EPS: JP¥62.15 (vs JP¥54.18 in 3Q 2022) Third quarter 2023 results: EPS: JP¥62.15 (up from JP¥54.18 in 3Q 2022). Revenue: JP¥2.79b (down 5.8% from 3Q 2022). Net income: JP¥293.0m (up 9.3% from 3Q 2022). Profit margin: 11% (up from 9.0% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • Jan 14
Second quarter 2023 earnings released: EPS: JP¥27.79 (vs JP¥44.48 in 2Q 2022) Second quarter 2023 results: EPS: JP¥27.79 (down from JP¥44.48 in 2Q 2022). Revenue: JP¥2.97b (down 9.8% from 2Q 2022). Net income: JP¥131.0m (down 41% from 2Q 2022). Profit margin: 4.4% (down from 6.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 2% per year. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. No independent directors (7 non-independent directors). External Auditor Daisuke Okeda was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Oct 30
IG Port, Inc. to Report Q2, 2023 Results on Jan 13, 2023 IG Port, Inc. announced that they will report Q2, 2023 results on Jan 13, 2023 Reported Earnings • Oct 17
First quarter 2023 earnings released: EPS: JP¥53.24 (vs JP¥26.48 in 1Q 2022) First quarter 2023 results: EPS: JP¥53.24 (up from JP¥26.48 in 1Q 2022). Revenue: JP¥2.65b (up 16% from 1Q 2022). Net income: JP¥251.0m (up 92% from 1Q 2022). Profit margin: 9.5% (up from 5.7% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 04
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥1.01 (down from JP¥118 in FY 2021). Revenue: JP¥11.9b (up 20% from FY 2021). Net income: JP¥5.00m (down 99% from FY 2021). Profit margin: 0% (down from 5.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 99%. Over the next year, revenue is expected to shrink by 2.7% compared to a 10% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Aug 20
IG Port, Inc. to Report Q1, 2023 Results on Oct 14, 2022 IG Port, Inc. announced that they will report Q1, 2023 results on Oct 14, 2022 Announcement • Jul 16
IG Port, Inc., Annual General Meeting, Aug 30, 2022 IG Port, Inc., Annual General Meeting, Aug 30, 2022. Reported Earnings • Jul 15
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥1.01 (down from JP¥118 in FY 2021). Revenue: JP¥11.9b (up 20% from FY 2021). Net income: JP¥5.00m (down 99% from FY 2021). Profit margin: 0% (down from 5.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) missed analyst estimates by 99%. Over the next year, revenue is forecast to grow 7.0%, compared to a 9.9% growth forecast for the industry in Japan. 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 2% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥1,756, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the Entertainment industry in Japan. Total returns to shareholders of 4.7% over the past three years. Upcoming Dividend • May 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 May 2022. Payment date: 31 August 2022. Payout ratio is a comfortable 3.2% but the company is not cash flow positive. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.1%). Announcement • May 13
IG Port, Inc. to Report Fiscal Year 2022 Results on Jul 14, 2022 IG Port, Inc. announced that they will report fiscal year 2022 results on Jul 14, 2022 Announcement • May 12
IG Port, Inc. (TSE:3791) announces an Equity Buyback for 232,000 shares, representing 4.59% for ¥346.14 million. IG Port, Inc. (TSE:3791) announces a share repurchase program. Under the program, the company will repurchase up to 232,000 shares, representing 4.59%, for ¥346.14 million. The shares will be repurchased at a price of ¥1,492 per share. The purpose of the program is to enable the execution of agile capital policies in response to changes in the business environment. As of April 30, 2022, the company had 5,055,267 shares in issue (excluding treasury stock) and 133 shares in treasury. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 3 highly experienced directors. No independent directors (7 non-independent directors). External Auditor Daisuke Okeda was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,611, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 18x in the Entertainment industry in Japan. Total returns to shareholders of 12% over the past three years. Reported Earnings • Apr 15
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥54.18 (up from JP¥29.72 loss in 3Q 2021). Revenue: JP¥2.96b (up 69% from 3Q 2021). Net income: JP¥268.0m (up JP¥415.0m from 3Q 2021). Profit margin: 9.0% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 45%. Over the next year, revenue is forecast to grow 6.1%, compared to a 6.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Feb 16
IG Port, Inc. to Report Q3, 2022 Results on Apr 14, 2022 IG Port, Inc. announced that they will report Q3, 2022 results on Apr 14, 2022 Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥1,203, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Entertainment industry in Japan. Total loss to shareholders of 21% over the past three years. Reported Earnings • Jan 16
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: JP¥44.48 (down from JP¥120 in 2Q 2021). Revenue: JP¥3.30b (down 18% from 2Q 2021). Net income: JP¥220.0m (down 63% from 2Q 2021). Profit margin: 6.7% (down from 15% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 6.1%. Earnings per share (EPS) also surpassed analyst estimates by 45%. Earnings per share (EPS) surpassed analyst estimates by 45%. Over the next year, revenue is forecast to grow 7.9%, compared to a 5.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 15
First quarter 2022 earnings released: EPS JP¥26.48 (vs JP¥3.86 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¥2.29b (up 103% from 1Q 2021). Net income: JP¥131.0m (up JP¥150.0m from 1Q 2021). Profit margin: 5.7% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Sep 06
Full year 2021 earnings released: EPS JP¥118 (vs JP¥4.48 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥9.93b (up 9.6% from FY 2020). Net income: JP¥582.0m (up JP¥604.0m from FY 2020). Profit margin: 5.9% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 12
Full year 2021 earnings released: EPS JP¥118 (vs JP¥4.48 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥9.93b (up 9.6% from FY 2020). Net income: JP¥582.0m (up JP¥604.0m from FY 2020). Profit margin: 5.9% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. 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 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • May 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 May 2021. Payment date: 31 August 2021. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥1,807, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 27x in the Entertainment industry in Japan. Total loss to shareholders of 28% over the past three years.