Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥830, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 5.9% over the past three years. Announcement • Jun 12
Atrae, Inc. Revises Fiscal Year-End Dividend Guidance for the Fiscal Year Ending September 30, 2026 Atrae, Inc. revised fiscal year-end dividend guidance for the fiscal year ending September 30, 2026. For the period, the company expects revised year-end dividend of JPY 34.00 per share compared to previous guidance of JPY 33.00 per share. The company announced that, as of June 10, 2026, the Board of Directors has resolved to revise the dividend forecast for surplus per share with a record date of October 31, 2026. Reason for Revision of Dividend Forecast: The Company recognizes that returning profits to shareholders is an important management issue. The Company's basic policy is to continue to pay dividends based on comprehensive consideration of the Company's operating results and financial position for each fiscal year, while making investments for the early development of new businesses, business expansion, and improvement of business efficiency. With this revision, the dividend payout ratio for the current fiscal year is expected to be 83.6%. Declared Dividend • May 16
Dividend increased to JP¥33.00 Dividend of JP¥33.00 is 6.5% higher than last year. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 4.6%, which is higher than the industry average of 1.4%. Sustainability & Growth The dividend has increased by an average of 24% per year over the past 2 years and payments have been stable during that time. Buy Or Sell Opportunity • Apr 06
Now 20% overvalued Over the last 90 days, the stock has fallen 4.5% to JP¥676. The fair value is estimated to be JP¥562, 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 6.5% per annum. Earnings are also forecast to grow by 9.3% per annum over the same time period. New Risk • Mar 25
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2024. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported September 2024 fiscal period end). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (JP¥14.9b market cap, or US$93.8m). New Risk • Feb 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.7b (US$99.9m) 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 Large one-off items impacting financial results. Market cap is less than US$100m (JP¥15.7b market cap, or US$99.9m). Announcement • Nov 13
Atrae, Inc., Annual General Meeting, Dec 19, 2025 Atrae, Inc., Annual General Meeting, Dec 19, 2025. New Risk • Nov 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.2b (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 Large one-off items impacting financial results. Market cap is less than US$100m (JP¥15.2b market cap, or US$98.2m). Announcement • Oct 06
Atrae, Inc. to Report Q3, 2026 Results on Aug 12, 2026 Atrae, Inc. announced that they will report Q3, 2026 results on Aug 12, 2026 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Announcement • Aug 12
Atrae, Inc. (TSE:6194) announces an Equity Buyback for 800,000 shares, representing 3.39% for ¥800 million. Atrae, Inc. (TSE:6194) announces a share repurchase program. Under the program, the company will repurchase 800,000 shares, representing 3.39% of its share capital (excluding treasury shares), for ¥800 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency, as well as to enable the implementation of flexible capital policies in response to changes in the business environment. The purchased shares will be cancelled. The program will run until September 19, 2025. As of August 12, 2025, the company has 23,627,141 shares outstanding (excluding treasury shares) and as of July 31, 2025, the company had no shares in treasury. New Risk • Jul 17
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: null Dividend yield: 2.8% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risks Latest financial reports are more than 6 months old (reported September 2024 fiscal period end). Dividend is not well covered by cash flows (null cash payout ratio). Large one-off items impacting financial results. New Risk • Jul 07
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2024. 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 September 2024 fiscal period end). Large one-off items impacting financial results. New Risk • Jun 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.6% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥773, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 15x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 52% over the past three years. Price Target Changed • Jun 12
Price target decreased by 33% to JP¥1,400 Down from JP¥2,100, the current price target is provided by 1 analyst. New target price is 110% above last closing price of JP¥666. Stock is down 12% over the past year. The company is forecast to post earnings per share of JP¥49.30 for next year compared to JP¥29.07 last year. New Risk • May 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 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Declared Dividend • May 16
Dividend of JP¥31.00 announced Shareholders will receive a dividend of JP¥31.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 4.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (72% earnings payout ratio) and cash flows (46% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 70% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Apr 07
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 5.8% 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 (5.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥13.2b market cap, or US$90.0m). 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¥554, 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 69% over the past three years. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥944, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 61% over the past three years. Reported Earnings • Nov 19
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥29.07 (up from JP¥12.58 in FY 2023). Revenue: JP¥8.60b (up 11% from FY 2023). Net income: JP¥733.0m (up 120% from FY 2023). Profit margin: 8.5% (up from 4.3% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 8.3% 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 fallen by 8% per year but the company’s share price has fallen by 34% per year, which means it is performing significantly worse than earnings. Announcement • Nov 13
Atrae, Inc., Annual General Meeting, Dec 20, 2024 Atrae, Inc., Annual General Meeting, Dec 20, 2024. New Risk • Sep 29
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 2.3% 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 (less than a year of continuous dividend payments). Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.5% net profit margin). New Risk • Sep 20
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: 4.5% Last year net profit margin: 7.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.5% net profit margin). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥702, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 67% over the past three years. Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥675, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 65% over the past three years. Major Estimate Revision • May 29
Consensus EPS estimates increase by 14%, revenue downgraded The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from JP¥9.19b to JP¥9.03b. EPS estimate rose from JP¥26.55 to JP¥30.15. Net income forecast to grow 82% next year vs 17% growth forecast for Interactive Media and Services industry in Japan. Consensus price target up from JP¥1,600 to JP¥2,000. Share price rose 11% to JP¥624 over the past week. Reported Earnings • May 18
Second quarter 2024 earnings released: EPS: JP¥9.43 (vs JP¥3.08 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥9.43 (up from JP¥3.08 loss in 2Q 2023). Revenue: JP¥2.19b (up 20% from 2Q 2023). Net income: JP¥240.0m (up JP¥323.0m from 2Q 2023). Profit margin: 11% (up from net loss in 2Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Interactive Media and Services industry in Japan. Announcement • May 16
Yoshihide Arai, Yohei Iimura, Fumiaki Koizumi, Kenji Nishida and Toru Yoshikawa agreed to acquire an 86% stake in Altiri, Inc from Atrae, Inc. (TSE:6194) for ¥520 million Yoshihide Arai, Yohei Iimura, Fumiaki Koizumi, Kenji Nishida and Toru Yoshikawa agreed to acquire an 86% stake in Altiri, Inc from Atrae, Inc. (TSE:6194) for ¥520 million on May 14, 2024. Announcement • May 15
Atrae, Inc. Announces Revision of Dividend Forecast (First Dividend) for the Fiscal Year Ending September 30, 2024 Atrae, Inc. announced that, as of May 14, 2024, the Board of Directors has resolved to revise the dividend forecast for surplus per share with a record date of September 30, 2024, as described below. Revised forecasts JPY 15.00 per share for the Fiscal year ended September 30, 2023. Major Estimate Revision • Mar 02
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥9.44b to JP¥9.19b. EPS estimate also fell from JP¥32.95 per share to JP¥26.55 per share. Net income forecast to grow 182% next year vs 15% growth forecast for Interactive Media and Services industry in Japan. Consensus price target down from JP¥2,900 to JP¥1,600. Share price rose 3.0% to JP¥478 over the past week. Price Target Changed • Feb 17
Price target increased by 16% to JP¥2,900 Up from JP¥2,500, the current price target is provided by 1 analyst. New target price is 460% above last closing price of JP¥518. Stock is down 50% over the past year. The company is forecast to post earnings per share of JP¥34.91 for next year compared to JP¥12.58 last year. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥518, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 22x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 68% over the past three years. New Risk • Feb 13
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 8.2% 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 Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.5% net profit margin). Market cap is less than US$100m (JP¥14.3b market cap, or US$95.9m). Reported Earnings • Feb 10
First quarter 2024 earnings released: EPS: JP¥4.39 (vs JP¥6.42 in 1Q 2023) First quarter 2024 results: EPS: JP¥4.39 (down from JP¥6.42 in 1Q 2023). Revenue: JP¥1.89b (up 10% from 1Q 2023). Net income: JP¥113.0m (down 35% from 1Q 2023). Profit margin: 6.0% (down from 10% in 1Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Interactive Media and Services industry in Japan. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥733, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 47% over the past three years. Major Estimate Revision • Dec 02
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥10.2b to JP¥9.70b. EPS estimate also fell from JP¥40.31 per share to JP¥34.91 per share. Net income forecast to grow 169% next year vs 25% growth forecast for Interactive Media and Services industry in Japan. Consensus price target down from JP¥2,500 to JP¥2,350. Share price fell 12% to JP¥684 over the past week. Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥788, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 20x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 46% over the past three years. Reported Earnings • Nov 16
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥12.58 (down from JP¥24.16 in FY 2022). Revenue: JP¥7.76b (up 18% from FY 2022). Net income: JP¥334.0m (down 49% from FY 2022). Profit margin: 4.3% (down from 9.9% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 46%. Revenue is forecast to grow 16% 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. Announcement • Nov 13
Atrae, Inc., Annual General Meeting, Dec 15, 2023 Atrae, Inc., Annual General Meeting, Dec 15, 2023. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥890, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 17x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 46% over the past three years. Reported Earnings • Aug 12
Third quarter 2023 earnings released: EPS: JP¥16.73 (vs JP¥11.00 in 3Q 2022) Third quarter 2023 results: EPS: JP¥16.73 (up from JP¥11.00 in 3Q 2022). Revenue: JP¥2.15b (up 23% from 3Q 2022). Net income: JP¥444.0m (up 50% from 3Q 2022). Profit margin: 21% (up from 17% in 3Q 2022). 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 9.2% growth forecast for the Interactive Media and Services industry in Japan. New Risk • Aug 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 7.6% 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 Risk Share price has been highly volatile over the past 3 months (7.6% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (5.9% net profit margin). Price Target Changed • Jun 14
Price target decreased by 9.4% to JP¥2,400 Down from JP¥2,650, the current price target is an average from 2 analysts. New target price is 232% above last closing price of JP¥722. Stock is down 58% over the past year. The company is forecast to post earnings per share of JP¥21.30 for next year compared to JP¥24.16 last year. Reported Earnings • May 13
Second quarter 2023 earnings released: JP¥3.08 loss per share (vs JP¥3.13 profit in 2Q 2022) Second quarter 2023 results: JP¥3.08 loss per share (down from JP¥3.13 profit in 2Q 2022). Revenue: JP¥1.83b (up 14% from 2Q 2022). Net loss: JP¥83.0m (down 199% from profit in 2Q 2022). Revenue is forecast to grow 22% 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. Announcement • May 13
Atrae, Inc. Revises Earnings Guidance for the Fiscal Year Ending September 30, 202 Atrae, Inc. revised earnings guidance for the fiscal year ending September 30, 2023. For the period, the company now expects sales of ¥7,500 million against previous guidance of ¥8,150 million; Operating profit of ¥810 million against previous guidance of ¥1,120 million; Profit attributable to owners of the parent of ¥514 million or ¥19.06 per share against previous guidance of ¥712 million or ¥26.41 per share. Announcement • May 12
Atrae, Inc. (TSE:6194) announces an Equity Buyback for 1,400,000 shares, representing 5.18% for ¥1,000 million. Atrae, Inc. (TSE:6194) announces a share repurchase program. Under the program, the company will repurchase up to 1,400,000 shares, representing 5.2% of its issued share capital, for ¥1,000 million. The purpose of the program is enhancing shareholder returns, improving capital efficiency, and enable flexible execution of capital policy in response to changes in the business environment. The program will be valid till July 31, 2023. As of March 31, 2023, the company had 27,002,489 issued shares (excluding treasury stock) and 18,711 shares of treasury stock. Price Target Changed • Mar 16
Price target decreased by 14% to JP¥2,850 Down from JP¥3,300, the current price target is an average from 2 analysts. New target price is 259% above last closing price of JP¥793. Stock is down 56% over the past year. The company is forecast to post earnings per share of JP¥25.95 for next year compared to JP¥24.16 last year. Reported Earnings • Feb 12
First quarter 2023 earnings released: EPS: JP¥6.42 (vs JP¥8.86 in 1Q 2022) First quarter 2023 results: EPS: JP¥6.42 (down from JP¥8.86 in 1Q 2022). Revenue: JP¥1.71b (up 14% from 1Q 2022). Net income: JP¥173.0m (down 27% from 1Q 2022). Profit margin: 10% (down from 16% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% 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. Announcement • Feb 11
Atrae, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending September 30, 2023 Atrae, Inc. provided consolidated earnings guidance for the fiscal year ending September 30, 2023. The company expects net sales to be JPY 8,150 million, Operating profit to be JPY 1,127 million, profit attributable to owners of parent to be JPY 712 million or JPY 26.41 per share. Announcement • Dec 21
Atrae, Inc. to Report Q3, 2023 Results on Aug 10, 2023 Atrae, Inc. announced that they will report Q3, 2023 results on Aug 10, 2023 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. 3 non-independent directors. Audit & Supervisory Board Member Takamasa Totsuka was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 13
Atrae, Inc., Annual General Meeting, Dec 16, 2022 Atrae, Inc., Annual General Meeting, Dec 16, 2022. Reported Earnings • Nov 13
Full year 2022 earnings: EPS in line with expectations, revenues disappoint Full year 2022 results: EPS: JP¥24.16 (up from JP¥24.15 in FY 2021). Revenue: JP¥6.59b (up 48% from FY 2021). Net income: JP¥649.0m (flat on FY 2021). Profit margin: 9.9% (down from 14% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 21% 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. Announcement • Nov 12
Atrae, Inc. Provides Earnings Forecasts for the Fiscal Year Ending September 30, 2023 Atrae, Inc. provided earnings forecasts for the Fiscal Year Ending September 30, 2023. For the year, company expects net sales to be JPY 8,150 million, Operating profit to be JPY 1,127 million, Profit attributable to owners of the parent to be JPY 712 million and Profit per share to be JPY 26.41. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,694, the stock trades at a forward P/E ratio of 54x. Average forward P/E is 25x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 6.2% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,442 per share. Price Target Changed • Sep 08
Price target decreased to JP¥3,550 Down from JP¥3,950, the current price target is an average from 3 analysts. New target price is 129% above last closing price of JP¥1,547. Stock is down 43% over the past year. The company is forecast to post earnings per share of JP¥24.16 for next year compared to JP¥24.15 last year. Announcement • Sep 01
Atrae, Inc. to Report Fiscal Year 2022 Results on Nov 11, 2022 Atrae, Inc. announced that they will report fiscal year 2022 results on Nov 11, 2022 Reported Earnings • Aug 14
Third quarter 2022 earnings released: EPS: JP¥11.00 (vs JP¥0.34 loss in 3Q 2021) Third quarter 2022 results: EPS: JP¥11.00 (up from JP¥0.34 loss in 3Q 2021). Revenue: JP¥1.75b (up 28% from 3Q 2021). Net income: JP¥296.0m (up JP¥305.0m from 3Q 2021). Profit margin: 17% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 35%, compared to a 12% growth forecast for the industry in Japan. Announcement • Aug 12
Atrae, Inc. Provides Earnings Forecasts for the Fiscal Year Ending September 30, 2022 Atrae, Inc. provided earnings forecasts for the Fiscal Year Ending September 30, 2022. For the year, company expects net sales to be JPY 6,350 million, Operating profit to be JPY 1,000 million, Profit attributable to owners of the parent to be JPY 600 million and Profit per share to be JPY 22.31. Valuation Update With 7 Day Price Move • May 23
Investor sentiment improved over the past week After last week's 23% share price gain to JP¥1,609, the stock trades at a forward P/E ratio of 51x. Average forward P/E is 25x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 3.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,579 per share. Announcement • May 13
Atrae, Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending September 30, 2022 Atrae, Inc. revised consolidated earnings guidance for the fiscal year ending September 30, 2022. For the period, the company expected sales of JPY 6,350 million, operating profit of JPY 1,000 million, profit attributable to owners of the parent of JPY 600 million and earnings per share of JPY 22.31 compared to previous guidance of sales of JPY 5,850 million, operating profit of JPY 498 million, profit attributable to owners of the parent of JPY 200 million and earnings per share of JPY 7.47. 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. 3 non-independent directors. Audit & Supervisory Board Member Takamasa Totsuka was the last director to join the board, commencing their role in 2019. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥1,539, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 20x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 9.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,676 per share. Buying Opportunity • Feb 14
Now 28% undervalued after recent price drop Over the last 90 days, the stock is down 18%. The fair value is estimated to be JP¥2,695, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • Feb 11
Atrae, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2022 Atrae, Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2022. The company expects net sales to be JPY 5,850 million, Operating profit to be JPY 500 million, profit attributable to owners of parent to be JPY 200 million or JPY 7.47 per basic share. Reported Earnings • May 16
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥998.0m (up 9.5% from 2Q 2020). Net income: JP¥212.0m (up 371% from 2Q 2020). Profit margin: 21% (up from 4.9% in 2Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 12
First quarter 2021 earnings released: EPS JP¥14.15 (vs JP¥10.25 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥886.0m (up 5.2% from 1Q 2020). Net income: JP¥189.0m (up 39% from 1Q 2020). Profit margin: 21% (up from 16% in 1Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Feb 12
New 90-day high: JP¥3,490 The company is up 30% from its price of JP¥2,686 on 13 November 2020. The Japanese market is up 13% 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. Reported Earnings • Dec 27
Full year 2020 earnings released: EPS JP¥32.59 The company reported a soft full year result with weaker earnings and profit margins, although revenues were improved. Full year 2020 results: Revenue: JP¥3.43b (up 6.2% from FY 2019). Net income: JP¥433.0m (down 14% from FY 2019). Profit margin: 13% (down from 16% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Dec 25
Atrae, Inc. to Report Q1, 2021 Results on Feb 10, 2021 Atrae, Inc. announced that they will report Q1, 2021 results on Feb 10, 2021