New Risk • Jun 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.9b (US$98.4m) 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. This is currently the only risk that has been identified for the company. Announcement • Jun 09
MarkLines Co., Ltd. to Report Q2, 2026 Results on Aug 06, 2026 MarkLines Co., Ltd. announced that they will report Q2, 2026 results on Aug 06, 2026 Reported Earnings • May 20
First quarter 2026 earnings released: EPS: JP¥31.46 (vs JP¥28.42 in 1Q 2025) First quarter 2026 results: EPS: JP¥31.46 (up from JP¥28.42 in 1Q 2025). Revenue: JP¥1.47b (flat on 1Q 2025). Net income: JP¥401.0m (up 6.7% from 1Q 2025). Profit margin: 27% (up from 26% in 1Q 2025). Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 09
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at JP¥1,561. The fair value is estimated to be JP¥1,959, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 9.7%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 7.5% per annum over the same time period. Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: JP¥116 (vs JP¥119 in FY 2024) Full year 2025 results: EPS: JP¥116 (down from JP¥119 in FY 2024). Revenue: JP¥5.57b (flat on FY 2024). Net income: JP¥1.52b (down 3.7% from FY 2024). Profit margin: 27% (down from 28% in FY 2024). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Mar 13
Now 21% undervalued Over the last 90 days, the stock has risen 1.0% to JP¥1,571. The fair value is estimated to be JP¥1,989, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 9.7%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 7.5% per annum over the same time period. Reported Earnings • Feb 14
Full year 2025 earnings released: EPS: JP¥116 (vs JP¥119 in FY 2024) Full year 2025 results: EPS: JP¥116 (down from JP¥119 in FY 2024). Revenue: JP¥5.57b (flat on FY 2024). Net income: JP¥1.52b (down 3.7% from FY 2024). Profit margin: 27% (down from 28% in FY 2024). Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Feb 12
MarkLines Co., Ltd., Annual General Meeting, Mar 24, 2026 MarkLines Co., Ltd., Annual General Meeting, Mar 24, 2026. Buy Or Sell Opportunity • Feb 06
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to JP¥1,486. The fair value is estimated to be JP¥1,864, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 8.8% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Announcement • Jan 13
MarkLines Co., Ltd. Announces Launch of the MarkLines Gen-AI Beta Version MarkLines Co., Ltd. announced its launch of the "MarkLines Gen-AI Beta Version," the new feature for B2B users in the automotive industry. This AI-powered feature enables users to ask questions in natural language and instantly receive highly reliable, relevant data drawn from MarkLines' extensive automotive database. Moreover, the system analyzes this information by leveraging the rich content across its platform and delivers clear, concise, text-based insights. By combining trusted data with advanced analytical capabilities through generative AI, this service represents a first-of-its-kind B2B offering in Japan, with only a limited number of comparable examples globally. This feature is available at no additional cost to corporate members of the company's information platform. Announcement • Dec 26
MarkLines Co., Ltd. to Report Fiscal Year 2025 Results on Feb 12, 2026 MarkLines Co., Ltd. announced that they will report fiscal year 2025 results on Feb 12, 2026 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥52.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 26 March 2026. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.9%). Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: JP¥25.70 (vs JP¥25.73 in 3Q 2024) Third quarter 2025 results: EPS: JP¥25.70 (down from JP¥25.73 in 3Q 2024). Revenue: JP¥1.23b (up 2.2% from 3Q 2024). Net income: JP¥337.0m (down 1.0% from 3Q 2024). Profit margin: 27% (in line with 3Q 2024). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Sep 18
MarkLines Co., Ltd. to Report Q3, 2025 Results on Nov 13, 2025 MarkLines Co., Ltd. announced that they will report Q3, 2025 results on Nov 13, 2025 Declared Dividend • Aug 09
Dividend of JP¥52.00 announced Shareholders will receive a dividend of JP¥52.00. Ex-date: 29th December 2025 Payment date: 26th March 2026 Dividend yield will be 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (41% earnings payout ratio) and cash flows (76% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 61% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 08
Second quarter 2025 earnings released: EPS: JP¥24.49 (vs JP¥25.12 in 2Q 2024) Second quarter 2025 results: EPS: JP¥24.49 (down from JP¥25.12 in 2Q 2024). Revenue: JP¥1.34b (up 12% from 2Q 2024). Net income: JP¥324.0m (down 2.4% from 2Q 2024). Profit margin: 24% (down from 28% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Aug 08
MarkLines Co., Ltd. (TSE:3901) announces an Equity Buyback for 530,000 shares, representing 4.01% for ¥1,000 million. MarkLines Co., Ltd. (TSE:3901) announces a share repurchase program. Under the program, the company will repurchase up to 530,000 shares, representing 4.01% of its issued share capital, for ¥1,000 million. The company will repurchase its own shares with the aim of improving shareholder returns and capital efficiency, taking into consideration the company's stock price trends and financial situation as a whole. The program will expire on November 30, 2025. As of June 30, 2025, the company had 13,228,320 total issued shares (excluding treasury shares) and 480 treasury shares. Buy Or Sell Opportunity • Jul 24
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to JP¥1,982. The fair value is estimated to be JP¥1,635, 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 16%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 35% in the next 2 years. Announcement • Jun 04
MarkLines Co., Ltd. to Report Q2, 2025 Results on Aug 07, 2025 MarkLines Co., Ltd. announced that they will report Q2, 2025 results on Aug 07, 2025 Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥2,032, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 24% over the past three years. Reported Earnings • Mar 28
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥119 (up from JP¥105 in FY 2023). Revenue: JP¥5.56b (up 15% from FY 2023). Net income: JP¥1.58b (up 14% from FY 2023). Profit margin: 28% (in line with FY 2023). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Mar 27
MarkLines Co., Ltd. to Report Q1, 2025 Results on May 14, 2025 MarkLines Co., Ltd. announced that they will report Q1, 2025 results on May 14, 2025 Reported Earnings • Feb 15
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥119 (up from JP¥105 in FY 2023). Revenue: JP¥5.56b (up 15% from FY 2023). Net income: JP¥1.58b (up 14% from FY 2023). Profit margin: 28% (in line with FY 2023). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Feb 13
MarkLines Co., Ltd., Annual General Meeting, Mar 25, 2025 MarkLines Co., Ltd., Annual General Meeting, Mar 25, 2025. New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (5.2% average weekly change). Announcement • Jan 03
MarkLines Co., Ltd. to Report Fiscal Year 2024 Results on Feb 13, 2025 MarkLines Co., Ltd. announced that they will report fiscal year 2024 results on Feb 13, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥42.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 27 March 2025. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.5%). New Risk • Dec 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 5.1% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: JP¥25.71 (vs JP¥25.35 in 3Q 2023) Third quarter 2024 results: EPS: JP¥25.71 (up from JP¥25.35 in 3Q 2023). Revenue: JP¥1.21b (up 1.6% from 3Q 2023). Net income: JP¥340.0m (up 1.5% from 3Q 2023). Profit margin: 28% (in line with 3Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,293, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 25% over the past three years. Announcement • Sep 28
MarkLines Co., Ltd. to Report Q3, 2024 Results on Nov 13, 2024 MarkLines Co., Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024 Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: JP¥25.12 (vs JP¥22.48 in 2Q 2023) Second quarter 2024 results: EPS: JP¥25.12 (up from JP¥22.48 in 2Q 2023). Revenue: JP¥1.20b (up 6.5% from 2Q 2023). Net income: JP¥332.0m (up 12% from 2Q 2023). Profit margin: 28% (up from 26% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Declared Dividend • Aug 07
Dividend of JP¥42.00 announced Shareholders will receive a dividend of JP¥42.00. Ex-date: 27th December 2024 Payment date: 27th March 2025 Dividend yield will be 1.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 19% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 77% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥2,370, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 7.8% over the past three years. Announcement • Jun 28
MarkLines Co., Ltd. to Report Q2, 2024 Results on Aug 05, 2024 MarkLines Co., Ltd. announced that they will report Q2, 2024 results on Aug 05, 2024 Reported Earnings • May 09
First quarter 2024 earnings released: EPS: JP¥34.51 (vs JP¥28.30 in 1Q 2023) First quarter 2024 results: EPS: JP¥34.51 (up from JP¥28.30 in 1Q 2023). Revenue: JP¥1.59b (up 25% from 1Q 2023). Net income: JP¥456.0m (up 22% from 1Q 2023). Profit margin: 29% (in line with 1Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% 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 • Mar 30
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: JP¥105 (up from JP¥86.22 in FY 2022). Revenue: JP¥4.85b (up 18% from FY 2022). Net income: JP¥1.38b (up 21% from FY 2022). Profit margin: 28% (in line with FY 2022). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Mar 27
MarkLines Co., Ltd. to Report Q1, 2024 Results on May 08, 2024 MarkLines Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024 Announcement • Feb 11
MarkLines Co., Ltd., Annual General Meeting, Mar 26, 2024 MarkLines Co., Ltd., Annual General Meeting, Mar 26, 2024. Reported Earnings • Feb 10
Full year 2023 earnings: EPS in line with expectations, revenues disappoint Full year 2023 results: EPS: JP¥105 (up from JP¥86.22 in FY 2022). Revenue: JP¥4.85b (up 18% from FY 2022). Net income: JP¥1.38b (up 21% from FY 2022). Profit margin: 28% (in line with FY 2022). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Dec 29
MarkLines Co., Ltd. to Report Fiscal Year 2023 Results on Feb 09, 2024 MarkLines Co., Ltd. announced that they will report fiscal year 2023 results on Feb 09, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥34.00 per share at 1.1% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 March 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.4%). Reported Earnings • Nov 07
Third quarter 2023 earnings released: EPS: JP¥25.35 (vs JP¥21.27 in 3Q 2022) Third quarter 2023 results: EPS: JP¥25.35 (up from JP¥21.27 in 3Q 2022). Revenue: JP¥1.19b (up 21% from 3Q 2022). Net income: JP¥335.0m (up 19% from 3Q 2022). Profit margin: 28% (in line with 3Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Oct 15
MarkLines Co., Ltd. to Report Q3, 2023 Results on Nov 06, 2023 MarkLines Co., Ltd. announced that they will report Q3, 2023 results on Nov 06, 2023 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 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: JP¥22.48 (vs JP¥18.02 in 2Q 2022) Second quarter 2023 results: EPS: JP¥22.48 (up from JP¥18.02 in 2Q 2022). Revenue: JP¥1.12b (up 29% from 2Q 2022). Net income: JP¥297.0m (up 25% from 2Q 2022). Profit margin: 26% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
MarkLines Co., Ltd. to Report Q2, 2023 Results on Aug 03, 2023 MarkLines Co., Ltd. announced that they will report Q2, 2023 results on Aug 03, 2023 Reported Earnings • May 09
First quarter 2023 earnings released: EPS: JP¥28.30 (vs JP¥23.39 in 1Q 2022) First quarter 2023 results: EPS: JP¥28.30 (up from JP¥23.39 in 1Q 2022). Revenue: JP¥1.28b (up 6.8% from 1Q 2022). Net income: JP¥374.0m (up 21% from 1Q 2022). Profit margin: 29% (up from 26% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: JP¥86.22 (vs JP¥67.04 in FY 2021) Full year 2022 results: EPS: JP¥86.22 (up from JP¥67.04 in FY 2021). Revenue: JP¥4.13b (up 18% from FY 2021). Net income: JP¥1.14b (up 29% from FY 2021). Profit margin: 28% (up from 25% 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 26% per year whereas the company’s share price has increased by 22% per year. Announcement • Feb 11
MarkLines Co., Ltd., Annual General Meeting, Mar 28, 2023 MarkLines Co., Ltd., Annual General Meeting, Mar 28, 2023. Reported Earnings • Feb 10
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: JP¥86.22 (up from JP¥67.04 in FY 2021). Revenue: JP¥4.13b (up 18% from FY 2021). Net income: JP¥1.14b (up 29% from FY 2021). Profit margin: 28% (up from 25% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 3.2%. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Dec 30
MarkLines Co., Ltd. to Report Fiscal Year 2022 Results on Feb 09, 2023 MarkLines Co., Ltd. announced that they will report fiscal year 2022 results on Feb 09, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 29 March 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.7%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥21.27 (vs JP¥16.96 in 3Q 2021) Third quarter 2022 results: EPS: JP¥21.27 (up from JP¥16.96 in 3Q 2021). Revenue: JP¥980.0m (up 16% from 3Q 2021). Net income: JP¥281.0m (up 25% from 3Q 2021). Profit margin: 29% (up from 27% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Auditor Junichi Hashiguchi was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 06
Third quarter 2022 earnings released: EPS: JP¥21.27 (vs JP¥16.96 in 3Q 2021) Third quarter 2022 results: EPS: JP¥21.27 (up from JP¥16.96 in 3Q 2021). Revenue: JP¥980.0m (up 16% from 3Q 2021). Net income: JP¥281.0m (up 25% from 3Q 2021). Profit margin: 29% (up from 27% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 9.2% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Sep 28
MarkLines Co., Ltd. to Report Q3, 2022 Results on Nov 04, 2022 MarkLines Co., Ltd. announced that they will report Q3, 2022 results on Nov 04, 2022 Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: JP¥18.02 (vs JP¥13.26 in 2Q 2021) Second quarter 2022 results: EPS: JP¥18.02 (up from JP¥13.26 in 2Q 2021). Revenue: JP¥872.0m (up 22% from 2Q 2021). Net income: JP¥238.0m (up 36% from 2Q 2021). Profit margin: 27% (up from 24% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 19%, compared to a 11% growth forecast for the 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 only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
MarkLines Co., Ltd. to Report Q2, 2022 Results on Aug 04, 2022 MarkLines Co., Ltd. announced that they will report Q2, 2022 results on Aug 04, 2022 Reported Earnings • May 11
First quarter 2022 earnings: EPS exceeds analyst expectations First quarter 2022 results: EPS: JP¥23.39 (up from JP¥16.53 in 1Q 2021). Revenue: JP¥1.19b (up 22% from 1Q 2021). Net income: JP¥309.0m (up 42% from 1Q 2021). Profit margin: 26% (up from 22% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Over the next year, revenue is forecast to grow 19%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Auditor Junichi Hashiguchi was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
MarkLines Co., Ltd. to Report Q1, 2022 Results on May 06, 2022 MarkLines Co., Ltd. announced that they will report Q1, 2022 results on May 06, 2022 Reported Earnings • Apr 02
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: JP¥67.07 (up from JP¥47.78 in FY 2020). Revenue: JP¥3.50b (up 31% from FY 2020). Net income: JP¥885.3m (up 41% from FY 2020). Profit margin: 25% (up from 24% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Over the next year, revenue is forecast to grow 31%, compared to a 15% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 12
Full year 2021 earnings: EPS exceeds analyst expectations Full year 2021 results: EPS: JP¥67.04 (up from JP¥47.78 in FY 2020). Revenue: JP¥3.50b (up 31% from FY 2020). Net income: JP¥885.0m (up 41% from FY 2020). Profit margin: 25% (up from 24% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Over the next year, revenue is forecast to grow 32%, compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 21% per year. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥23.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.1%). Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS JP¥16.96 (vs JP¥11.30 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥842.0m (up 28% from 3Q 2020). Net income: JP¥224.0m (up 50% from 3Q 2020). Profit margin: 27% (up from 23% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS JP¥14.91 (vs JP¥12.44 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: JP¥848.2m (up 43% from 2Q 2020). Net income: JP¥196.7m (up 20% from 2Q 2020). Profit margin: 23% (down from 28% in 2Q 2020). The decrease in margin was driven by higher expenses. 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 13% per year. Reported Earnings • May 08
First quarter 2021 earnings released: EPS JP¥16.53 (vs JP¥8.57 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥979.0m (up 37% from 1Q 2020). Net income: JP¥218.0m (up 93% from 1Q 2020). Profit margin: 22% (up from 16% 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 11% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥3,000, the stock trades at a trailing P/E ratio of 62.8x. Average trailing P/E is 45x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 93% over the past three years. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS JP¥47.78 (vs JP¥46.46 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: JP¥2.66b (up 12% from FY 2019). Net income: JP¥630.0m (up 3.1% from FY 2019). Profit margin: 24% (down from 26% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 12% per year. Announcement • Mar 21
MarkLines Co., Ltd. to Report Q1, 2021 Results on May 06, 2021 MarkLines Co., Ltd. announced that they will report Q1, 2021 results on May 06, 2021 Is New 90 Day High Low • Feb 22
New 90-day low: JP¥2,400 The company is down 1.0% from its price of JP¥2,420 on 24 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is up 4.0% over the same period. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥47.78 (vs JP¥46.46 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: JP¥2.66b (up 12% from FY 2019). Net income: JP¥630.0m (up 3.1% from FY 2019). Profit margin: 24% (down from 26% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 25
MarkLines Co., Ltd. to Report Fiscal Year 2020 Results on Feb 12, 2021 MarkLines Co., Ltd. announced that they will report fiscal year 2020 results on Feb 12, 2021 Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥21.00 Per Share Will be paid on the 27th of March to those who are registered shareholders by the 29th of December. The trailing yield of 0.8% is below the top quartile of Japanese dividend payers (3.0%), and is lower than industry peers (1.6%). Is New 90 Day High Low • Dec 01
New 90-day high: JP¥2,731 The company is up 21% from its price of JP¥2,263 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is down 2.0% over the same period. Announcement • Oct 01
MarkLines Co., Ltd. to Report Q3, 2020 Results on Nov 04, 2020 MarkLines Co., Ltd. announced that they will report Q3, 2020 results on Nov 04, 2020