Announcement • Jun 01
Wantedly, Inc. to Report Q3, 2026 Results on Jul 14, 2026 Wantedly, Inc. announced that they will report Q3, 2026 results on Jul 14, 2026 Buy Or Sell Opportunity • May 05
Now 21% overvalued Over the last 90 days, the stock has fallen 8.6% to JP¥1,033. The fair value is estimated to be JP¥852, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.2% per annum. Earnings are forecast to decline by 6.0% per annum over the same time period. Reported Earnings • Apr 16
First half 2026 earnings released: EPS: JP¥36.30 (vs JP¥60.85 in 1H 2025) First half 2026 results: EPS: JP¥36.30 (down from JP¥60.85 in 1H 2025). Revenue: JP¥2.33b (down 5.9% from 1H 2025). Net income: JP¥345.0m (down 40% from 1H 2025). Profit margin: 15% (down from 23% in 1H 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Apr 07
Wantedly, Inc. to Report Q2, 2026 Results on Apr 14, 2026 Wantedly, Inc. announced that they will report Q2, 2026 results on Apr 14, 2026 Reported Earnings • Jan 15
First quarter 2026 earnings released: EPS: JP¥22.21 (vs JP¥30.43 in 1Q 2025) First quarter 2026 results: EPS: JP¥22.21 (down from JP¥30.43 in 1Q 2025). Revenue: JP¥1.18b (down 4.4% from 1Q 2025). Net income: JP¥211.0m (down 27% from 1Q 2025). Profit margin: 18% (down from 23% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.4% 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 8% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. New Risk • Nov 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.4% 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 Risk Earnings are forecast to decline by an average of 7.4% per year for the foreseeable future. Minor Risks Latest financial reports are more than 6 months old (reported February 2025 fiscal period end). Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (JP¥11.2b market cap, or US$71.1m). Announcement • Nov 06
Wantedly, Inc. to Report Q1, 2026 Results on Jan 14, 2026 Wantedly, Inc. announced that they will report Q1, 2026 results on Jan 14, 2026 New Risk • Oct 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended February 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported February 2025 fiscal period end). Share price has been volatile over the past 3 months (5.3% average weekly change). Market cap is less than US$100m (JP¥11.3b market cap, or US$74.2m). Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,173, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 56% over the past three years. New Risk • Oct 14
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 Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (JP¥11.4b market cap, or US$75.3m). Reported Earnings • Oct 11
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥114 (up from JP¥109 in FY 2024). Revenue: JP¥4.91b (up 3.9% from FY 2024). Net income: JP¥1.08b (up 4.5% from FY 2024). Profit margin: 22% (in line with FY 2024). Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 1.6%. Revenue is forecast to grow 7.7% 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 12% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Oct 10
Wantedly, Inc., Annual General Meeting, Nov 27, 2025 Wantedly, Inc., Annual General Meeting, Nov 27, 2025. Announcement • Aug 27
Wantedly, Inc. to Report Fiscal Year 2025 Results on Oct 10, 2025 Wantedly, Inc. announced that they will report fiscal year 2025 results on Oct 10, 2025 Upcoming Dividend • Aug 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 14 November 2025. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.6%). Reported Earnings • Jul 14
Third quarter 2025 earnings released: EPS: JP¥30.31 (vs JP¥25.69 in 3Q 2024) Third quarter 2025 results: EPS: JP¥30.31 (up from JP¥25.69 in 3Q 2024). Revenue: JP¥1.23b (up 3.0% from 3Q 2024). Net income: JP¥288.0m (up 18% from 3Q 2024). Profit margin: 24% (up from 21% in 3Q 2024). Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Apr 26
Wantedly, Inc. to Report Q3, 2025 Results on Jul 11, 2025 Wantedly, Inc. announced that they will report Q3, 2025 results on Jul 11, 2025 Reported Earnings • Apr 12
First half 2025 earnings released: EPS: JP¥60.85 (vs JP¥47.07 in 1H 2024) First half 2025 results: EPS: JP¥60.85 (up from JP¥47.07 in 1H 2024). Revenue: JP¥2.48b (up 6.4% from 1H 2024). Net income: JP¥578.0m (up 29% from 1H 2024). Profit margin: 23% (up from 19% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,000, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 14x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 46% over the past three years. Announcement • Feb 27
Wantedly, Inc. to Report Q2, 2025 Results on Apr 11, 2025 Wantedly, Inc. announced that they will report Q2, 2025 results on Apr 11, 2025 Price Target Changed • Feb 05
Price target increased by 11% to JP¥2,000 Up from JP¥1,800, the current price target is provided by 1 analyst. New target price is 63% above last closing price of JP¥1,230. Stock is down 14% over the past year. The company is forecast to post earnings per share of JP¥116 for next year compared to JP¥109 last year. Reported Earnings • Jan 15
First quarter 2025 earnings released: EPS: JP¥29.59 (vs JP¥25.48 in 1Q 2024) First quarter 2025 results: EPS: JP¥29.59 (up from JP¥25.48 in 1Q 2024). Revenue: JP¥1.23b (up 5.0% from 1Q 2024). Net income: JP¥281.0m (up 16% from 1Q 2024). Profit margin: 23% (up from 21% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Major Estimate Revision • Nov 08
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥100.00 to JP¥111. Revenue forecast unchanged at JP¥4.90b. Net income forecast to grow 10% next year vs 13% growth forecast for Interactive Media and Services industry in Japan. Consensus price target down from JP¥2,000 to JP¥1,800. Share price was steady at JP¥1,235 over the past week. Announcement • Oct 26
Wantedly, Inc. to Report Q1, 2025 Results on Jan 10, 2025 Wantedly, Inc. announced that they will report Q1, 2025 results on Jan 10, 2025 Reported Earnings • Oct 16
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥109 (up from JP¥105 in FY 2023). Revenue: JP¥4.72b (flat on FY 2023). Net income: JP¥1.04b (up 4.1% from FY 2023). Profit margin: 22% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.0%. Revenue is forecast to grow 5.3% 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 38% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Oct 11
Wantedly, Inc., Annual General Meeting, Nov 28, 2024 Wantedly, Inc., Annual General Meeting, Nov 28, 2024. Board Change • Sep 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Toshimitsu Sowa was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Sep 17
New minor risk - Dividend sustainability The company has a short dividend paying track record. Continuous dividend paying years: 1 Dividend yield: 1.9% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Market cap is less than US$100m (JP¥10.4b market cap, or US$74.3m). Upcoming Dividend • Aug 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 07 November 2024. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.6%). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,088, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 18x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 52% over the past three years. Announcement • Aug 02
Wantedly, Inc. to Report Fiscal Year 2024 Results on Oct 11, 2024 Wantedly, Inc. announced that they will report fiscal year 2024 results on Oct 11, 2024 Reported Earnings • Jul 16
Third quarter 2024 earnings released: EPS: JP¥25.69 (vs JP¥27.90 in 3Q 2023) Third quarter 2024 results: EPS: JP¥25.69 (down from JP¥27.90 in 3Q 2023). Revenue: JP¥1.19b (flat on 3Q 2023). Net income: JP¥244.0m (down 7.9% from 3Q 2023). Profit margin: 21% (down from 22% in 3Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Apr 29
Wantedly, Inc. to Report Q3, 2024 Results on Jul 12, 2024 Wantedly, Inc. announced that they will report Q3, 2024 results on Jul 12, 2024 Price Target Changed • Apr 27
Price target decreased by 12% to JP¥2,200 Down from JP¥2,500, the current price target is provided by 1 analyst. New target price is 79% above last closing price of JP¥1,230. Stock is down 35% over the past year. The company is forecast to post earnings per share of JP¥105 for next year compared to JP¥105 last year. Reported Earnings • Apr 14
Second quarter 2024 earnings released: EPS: JP¥21.59 (vs JP¥28.32 in 2Q 2023) Second quarter 2024 results: EPS: JP¥21.59 (down from JP¥28.32 in 2Q 2023). Revenue: JP¥1.16b (down 4.2% from 2Q 2023). Net income: JP¥205.0m (down 24% from 2Q 2023). Profit margin: 18% (down from 22% in 2Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Jan 28
Wantedly, Inc. to Report Q2, 2024 Results on Apr 12, 2024 Wantedly, Inc. announced that they will report Q2, 2024 results on Apr 12, 2024 Reported Earnings • Jan 14
First quarter 2024 earnings released: EPS: JP¥25.48 (vs JP¥23.41 in 1Q 2023) First quarter 2024 results: EPS: JP¥25.48 (up from JP¥23.41 in 1Q 2023). Revenue: JP¥1.17b (down 1.5% from 1Q 2023). Net income: JP¥242.0m (up 9.5% from 1Q 2023). Profit margin: 21% (up from 19% in 1Q 2023). 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 8.4% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Nov 22
Wantedly, Inc. to Report Q1, 2024 Results on Jan 12, 2024 Wantedly, Inc. announced that they will report Q1, 2024 results on Jan 12, 2024 Reported Earnings • Oct 15
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥105 (up from JP¥78.90 in FY 2022). Revenue: JP¥4.75b (up 5.5% from FY 2022). Net income: JP¥995.0m (up 34% from FY 2022). Profit margin: 21% (up from 17% in FY 2022). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 17%. Revenue is forecast to grow 10% 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 49% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Oct 15
Wantedly, Inc., Annual General Meeting, Nov 21, 2023 Wantedly, Inc., Annual General Meeting, Nov 21, 2023. Announcement • Aug 30
Wantedly, Inc. to Report Fiscal Year 2023 Results on Oct 13, 2023 Wantedly, Inc. announced that they will report fiscal year 2023 results on Oct 13, 2023 Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,595, 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 returns to shareholders of 27% over the past three years. New Risk • Aug 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.2b (US$98.2m) 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 (5.6% average weekly change). Market cap is less than US$100m (JP¥14.2b market cap, or US$98.2m). Buying Opportunity • Jul 21
Now 21% undervalued Over the last 90 days, the stock is up 9.0%. The fair value is estimated to be JP¥2,297, 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. Earnings per share has grown by 53%. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Reported Earnings • Jul 15
Third quarter 2023 earnings released: EPS: JP¥27.90 (vs JP¥30.02 in 3Q 2022) Third quarter 2023 results: EPS: JP¥27.90 (down from JP¥30.02 in 3Q 2022). Revenue: JP¥1.18b (up 2.9% from 3Q 2022). Net income: JP¥265.0m (down 6.0% from 3Q 2022). Profit margin: 22% (down from 25% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • May 28
Wantedly, Inc. to Report Q3, 2023 Results on Jul 13, 2023 Wantedly, Inc. announced that they will report Q3, 2023 results on Jul 13, 2023 Reported Earnings • Apr 15
Second quarter 2023 earnings released: EPS: JP¥28.32 (vs JP¥14.05 in 2Q 2022) Second quarter 2023 results: EPS: JP¥28.32 (up from JP¥14.05 in 2Q 2022). Revenue: JP¥1.21b (up 8.2% from 2Q 2022). Net income: JP¥269.0m (up 104% from 2Q 2022). Profit margin: 22% (up from 12% in 2Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 37%. The fair value is estimated to be JP¥2,004, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 52%. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings is also forecast to grow by 14% per annum over the same time period. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorated over the past week After last week's 24% share price decline to JP¥2,143, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 20x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 30% over the past three years. Reported Earnings • Jan 13
First quarter 2023 earnings released: EPS: JP¥23.41 (vs JP¥17.15 in 1Q 2022) First quarter 2023 results: EPS: JP¥23.41 (up from JP¥17.15 in 1Q 2022). Revenue: JP¥1.19b (up 12% from 1Q 2022). Net income: JP¥221.0m (up 37% from 1Q 2022). Profit margin: 19% (up from 15% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥2,318, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 25x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 11% over the past three years. Announcement • Nov 30
Wantedly, Inc. to Report Q1, 2023 Results on Jan 13, 2023 Wantedly, Inc. announced that they will report Q1, 2023 results on Jan 13, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Executive Officer & Director Masashi Onda was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 17
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: JP¥78.90 (up from JP¥25.20 in FY 2021). Revenue: JP¥4.50b (up 26% from FY 2021). Net income: JP¥741.0m (up 214% from FY 2021). Profit margin: 17% (up from 6.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 14%. Revenue is forecast to grow 14% 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 47% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Oct 16
Wantedly, Inc., Annual General Meeting, Nov 25, 2022 Wantedly, Inc., Annual General Meeting, Nov 25, 2022. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥2,630, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 27x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 16% over the past three years. Reported Earnings • Jul 18
Third quarter 2022 earnings released: EPS: JP¥30.02 (vs JP¥7.04 in 3Q 2021) Third quarter 2022 results: EPS: JP¥30.02 (up from JP¥7.04 in 3Q 2021). Revenue: JP¥1.15b (up 22% from 3Q 2021). Net income: JP¥282.0m (up 327% from 3Q 2021). Profit margin: 25% (up from 7.0% in 3Q 2021). Over the next year, revenue is forecast to grow 24%, compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. 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. 10 experienced directors. No highly experienced directors. 3 independent directors (7 non-independent directors). Executive Officer of Corporate Representative & Director Toshitsugu Kanehira was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Apr 15
Second quarter 2022 earnings: EPS and revenues exceed analyst expectations Second quarter 2022 results: EPS: JP¥14.05 (up from JP¥12.70 in 2Q 2021). Revenue: JP¥1.12b (up 30% from 2Q 2021). Net income: JP¥132.0m (up 11% from 2Q 2021). Profit margin: 12% (down from 14% in 2Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 24%, compared to a 15% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥1,521, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 29x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 58% over the past three years. Reported Earnings • Jan 16
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: JP¥17.15 (up from JP¥14.58 in 1Q 2021). Revenue: JP¥1.06b (up 37% from 1Q 2021). Net income: JP¥161.0m (up 18% from 1Q 2021). Profit margin: 15% (down from 18% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Earnings per share (EPS) surpassed analyst estimates by 18%. Over the next year, revenue is forecast to grow 14%, compared to a 17% 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 fallen by 17% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,801, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 36x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 34% over the past three years. Reported Earnings • Oct 17
Full year 2021 earnings released: EPS JP¥25.20 (vs JP¥25.07 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: JP¥3.57b (up 16% from FY 2020). Net income: JP¥236.0m (up 1.3% from FY 2020). Profit margin: 6.6% (down from 7.5% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 18
Third quarter 2021 earnings released: EPS JP¥7.04 (vs JP¥5.89 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: JP¥940.0m (up 25% from 3Q 2020). Net income: JP¥66.0m (up 20% from 3Q 2020). Profit margin: 7.0% (down from 7.3% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥2,900, the stock trades at a forward P/E ratio of 103x. Average forward P/E is 41x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improved over the past week After last week's 46% share price gain to JP¥2,904, the stock trades at a forward P/E ratio of 132x. Average forward P/E is 32x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 49% over the past three years. Reported Earnings • Apr 16
Second quarter 2021 earnings released: EPS JP¥12.70 (vs JP¥6.77 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥859.0m (up 3.5% from 2Q 2020). Net income: JP¥119.0m (up 89% from 2Q 2020). Profit margin: 14% (up from 7.6% in 2Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥1,816, the stock trades at a forward P/E ratio of 93x. Average forward P/E is 35x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 24% over the past three years. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,615, the stock is trading at a trailing P/E ratio of 44.8x, up from the previous P/E ratio of 37.8x. This compares to an average P/E of 45x in the Interactive Media and Services industry in Japan. Total return to shareholders over the past three years is a loss of 37%. Is New 90 Day High Low • Feb 22
New 90-day high: JP¥1,615 The company is up 35% from its price of JP¥1,194 on 24 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥431 per share. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improved over the past week After last week's 33% share price gain to JP¥1,414, the stock is trading at a trailing P/E ratio of 39.2x, up from the previous P/E ratio of 29.5x. This compares to an average P/E of 44x in the Interactive Media and Services industry in Japan. Total return to shareholders over the past three years is a loss of 51%. Analyst Estimate Surprise Post Earnings • Jan 19
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 94%. Over the next year, revenue is forecast to grow 3.6%, compared to a 13% growth forecast for the Interactive Media and Services industry in Japan. Analyst Estimate Surprise Post Earnings • Jan 16
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) also surpassed analyst estimates by 94%. Over the next year, revenue is forecast to grow 3.6%, compared to a 13% growth forecast for the Interactive Media and Services industry in Japan. Reported Earnings • Jan 15
First quarter 2021 earnings released: EPS JP¥14.58 The company reported a solid first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: JP¥776.0m (flat on 1Q 2020). Net income: JP¥136.0m (up 312% from 1Q 2020). Profit margin: 18% (up from 4.3% in 1Q 2020). The increase in margin was primarily driven by lower expenses. Is New 90 Day High Low • Jan 15
New 90-day high: JP¥1,363 The company is up 10.0% from its price of JP¥1,240 on 16 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Interactive Media and Services industry, which is down 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥426 per share. Is New 90 Day High Low • Dec 15
New 90-day low: JP¥1,125 The company is down 11% from its price of JP¥1,265 on 16 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥89.31 per share.