Buy Or Sell Opportunity • May 13
Now 25% undervalued The stock has been flat over the last 90 days, currently trading at JP¥3,750. The fair value is estimated to be JP¥4,987, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 32%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 37% in the next 2 years. Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: JP¥359 (vs JP¥476 in FY 2024) Full year 2025 results: EPS: JP¥359 (down from JP¥476 in FY 2024). Revenue: JP¥8.14b (down 5.1% from FY 2024). Net income: JP¥1.38b (down 25% from FY 2024). Profit margin: 17% (down from 21% in FY 2024). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Feb 14
Full year 2025 earnings released: EPS: JP¥359 (vs JP¥476 in FY 2024) Full year 2025 results: EPS: JP¥359 (down from JP¥476 in FY 2024). Revenue: JP¥8.14b (down 5.1% from FY 2024). Net income: JP¥1.38b (down 25% from FY 2024). Profit margin: 17% (down from 21% in FY 2024). Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Announcement • Feb 12
Starts Publishing Corporation, Annual General Meeting, Mar 24, 2026 Starts Publishing Corporation, Annual General Meeting, Mar 24, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 26 March 2026. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: JP¥68.76 (vs JP¥86.99 in 3Q 2024) Third quarter 2025 results: EPS: JP¥68.76 (down from JP¥86.99 in 3Q 2024). Revenue: JP¥1.90b (down 5.9% from 3Q 2024). Net income: JP¥264.0m (down 21% from 3Q 2024). Profit margin: 14% (down from 17% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Oct 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.3b (US$99.5m) 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 • Sep 04
Starts Publishing Corporation to Report Q3, 2025 Results on Nov 11, 2025 Starts Publishing Corporation announced that they will report Q3, 2025 results on Nov 11, 2025 Reported Earnings • Aug 10
Second quarter 2025 earnings released: EPS: JP¥79.70 (vs JP¥125 in 2Q 2024) Second quarter 2025 results: EPS: JP¥79.70 (down from JP¥125 in 2Q 2024). Revenue: JP¥1.84b (down 11% from 2Q 2024). Net income: JP¥306.0m (down 36% from 2Q 2024). Profit margin: 17% (down from 23% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Announcement • Jun 25
Starts Publishing Corporation to Report Q2, 2025 Results on Aug 08, 2025 Starts Publishing Corporation announced that they will report Q2, 2025 results on Aug 08, 2025 Upcoming Dividend • Jun 20
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 22 September 2025. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.1%). Reported Earnings • May 17
First quarter 2025 earnings released: EPS: JP¥90.90 (vs JP¥126 in 1Q 2024) First quarter 2025 results: EPS: JP¥90.90 (down from JP¥126 in 1Q 2024). Revenue: JP¥1.94b (down 13% from 1Q 2024). Net income: JP¥349.0m (down 28% from 1Q 2024). Profit margin: 18% (down from 22% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Media industry in Japan. 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 39% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 28
Starts Publishing Corporation to Report Q1, 2025 Results on May 13, 2025 Starts Publishing Corporation announced that they will report Q1, 2025 results on May 13, 2025 New Risk • Mar 25
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 • Feb 15
Full year 2024 earnings released: EPS: JP¥476 (vs JP¥463 in FY 2023) Full year 2024 results: EPS: JP¥476 (up from JP¥463 in FY 2023). Revenue: JP¥8.58b (up 2.9% from FY 2023). Net income: JP¥1.83b (up 2.8% from FY 2023). Profit margin: 21% (in line with FY 2023). Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 26% per year. Announcement • Feb 13
Starts Publishing Corporation, Annual General Meeting, Mar 25, 2025 Starts Publishing Corporation, Annual General Meeting, Mar 25, 2025. Announcement • Dec 21
Starts Publishing Corporation to Report Fiscal Year 2024 Results on Feb 13, 2025 Starts Publishing Corporation announced that they will report fiscal year 2024 results on Feb 13, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 27 March 2025. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.3%). Reported Earnings • Nov 14
Third quarter 2024 earnings released: EPS: JP¥86.99 (vs JP¥109 in 3Q 2023) Third quarter 2024 results: EPS: JP¥86.99 (down from JP¥109 in 3Q 2023). Revenue: JP¥2.02b (down 2.6% from 3Q 2023). Net income: JP¥334.0m (down 20% from 3Q 2023). Profit margin: 17% (down from 20% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Sep 21
Starts Publishing Corporation to Report Q3, 2024 Results on Nov 11, 2024 Starts Publishing Corporation announced that they will report Q3, 2024 results on Nov 11, 2024 Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: JP¥125 (vs JP¥99.23 in 2Q 2023) Second quarter 2024 results: EPS: JP¥125 (up from JP¥99.23 in 2Q 2023). Revenue: JP¥2.06b (up 7.1% from 2Q 2023). Net income: JP¥480.0m (up 26% from 2Q 2023). Profit margin: 23% (up from 20% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,952, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 13x in the Media industry in Japan. Total returns to shareholders of 103% over the past three years. Announcement • Mar 23
Starts Publishing Corporation to Report Q1, 2024 Results on May 13, 2024 Starts Publishing Corporation announced that they will report Q1, 2024 results on May 13, 2024 Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: JP¥463 (vs JP¥608 in FY 2022) Full year 2023 results: EPS: JP¥463. Revenue: JP¥8.34b (up 19% from FY 2022). Net income: JP¥1.78b (up 52% from FY 2022). Profit margin: 21% (up from 17% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Media industry in Japan. Announcement • Feb 15
Starts Publishing Corporation, Annual General Meeting, Mar 26, 2024 Starts Publishing Corporation, Annual General Meeting, Mar 26, 2024. Announcement • Jan 09
Starts Publishing Corporation to Report Fiscal Year 2023 Results on Feb 13, 2024 Starts Publishing Corporation announced that they will report fiscal year 2023 results on Feb 13, 2024 Upcoming Dividend • Dec 21
Inaugural dividend of JP¥32.50 per share Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 March 2024. This is the first dividend for Starts Publishing since going public. The average dividend yield among industry peers is 2.7%. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥3,500, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Media industry in Japan. Total returns to shareholders of 196% over the past three years. New Risk • Nov 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 26% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (JP¥11.4b market cap, or US$75.6m). Reported Earnings • Nov 10
Third quarter 2023 earnings released: EPS: JP¥109 (vs JP¥77.09 in 3Q 2022) Third quarter 2023 results: EPS: JP¥109 (up from JP¥77.09 in 3Q 2022). Revenue: JP¥2.08b (up 12% from 3Q 2022). Net income: JP¥418.0m (up 41% from 3Q 2022). Profit margin: 20% (up from 16% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. New Risk • Nov 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Oct 06
Starts Publishing Corporation to Report Q3, 2023 Results on Nov 09, 2023 Starts Publishing Corporation announced that they will report Q3, 2023 results on Nov 09, 2023 New Risk • Aug 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.3b (US$98.6m) 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 (5.4% average weekly change). Market cap is less than US$100m (JP¥14.3b market cap, or US$98.6m). Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: JP¥99.23 (vs JP¥78.13 in 2Q 2022) Second quarter 2023 results: EPS: JP¥99.23 (up from JP¥78.13 in 2Q 2022). Revenue: JP¥1.93b (up 17% from 2Q 2022). Net income: JP¥381.0m (up 27% from 2Q 2022). Profit margin: 20% (up from 18% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Media industry in Japan. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Announcement • Jul 08
Starts Publishing Corporation to Report Q2, 2023 Results on Aug 09, 2023 Starts Publishing Corporation announced that they will report Q2, 2023 results on Aug 09, 2023 Reported Earnings • May 13
First quarter 2023 earnings released: EPS: JP¥135 (vs JP¥36.46 in 1Q 2022) First quarter 2023 results: EPS: JP¥135 (up from JP¥36.46 in 1Q 2022). Revenue: JP¥2.05b (up 46% from 1Q 2022). Net income: JP¥517.0m (up 269% from 1Q 2022). Profit margin: 25% (up from 10.0% 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 92% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥4,800, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 15x in the Media industry in Japan. Total returns to shareholders of 395% over the past three years. Buying Opportunity • May 11
Now 20% undervalued Over the last 90 days, the stock is up 35%. The fair value is estimated to be JP¥5,156, however this is not to be taken as a buy 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 73%. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: JP¥608 (vs JP¥147 in FY 2021) Full year 2022 results: EPS: JP¥608 (up from JP¥147 in FY 2021). Revenue: JP¥7.02b (up 26% from FY 2021). Net income: JP¥1.17b (up 106% from FY 2021). Profit margin: 17% (up from 10% 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 73% per year but the company’s share price has only increased by 47% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥3,645, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 14x in the Media industry in Japan. Total returns to shareholders of 175% over the past three years. Reported Earnings • Feb 15
Full year 2022 earnings released: EPS: JP¥608 (vs JP¥147 in FY 2021) Full year 2022 results: EPS: JP¥608 (up from JP¥147 in FY 2021). Revenue: JP¥7.02b (up 26% from FY 2021). Net income: JP¥1.17b (up 106% from FY 2021). Profit margin: 17% (up from 10% 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 73% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth. Announcement • Jan 07
Starts Publishing Corporation to Report Fiscal Year 2022 Results on Feb 13, 2023 Starts Publishing Corporation announced that they will report fiscal year 2022 results on Feb 13, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 27 March 2023. The company last paid an ordinary dividend in February 2012. The average dividend yield among industry peers is 2.7%. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. No independent directors (7 non-independent directors). External Director Mineo Fukuda was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: JP¥154 (vs JP¥48.96 in 3Q 2021) Third quarter 2022 results: EPS: JP¥154 (up from JP¥48.96 in 3Q 2021). Revenue: JP¥1.85b (up 50% from 3Q 2021). Net income: JP¥296.0m (up 215% from 3Q 2021). Profit margin: 16% (up from 7.6% in 3Q 2021). The increase in margin was driven by higher revenue. 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 35% per year, which means it is significantly lagging earnings growth. Announcement • Sep 30
Starts Publishing Corporation to Report Q3, 2022 Results on Nov 10, 2022 Starts Publishing Corporation announced that they will report Q3, 2022 results on Nov 10, 2022 Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 41% share price gain to JP¥5,500, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 14x in the Media industry in Japan. Total returns to shareholders of 133% over the past three years. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: JP¥156 (vs JP¥98.97 in 2Q 2021) Second quarter 2022 results: EPS: JP¥156 (up from JP¥98.97 in 2Q 2021). Revenue: JP¥1.64b (up 27% from 2Q 2021). Net income: JP¥300.0m (up 58% from 2Q 2021). Profit margin: 18% (up from 15% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improved over the past week After last week's 23% share price gain to JP¥3,895, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 15x in the Media industry in Japan. Total returns to shareholders of 59% over the past three years. Announcement • Jun 10
Starts Publishing Corporation to Report Q2, 2022 Results on Aug 10, 2022 Starts Publishing Corporation announced that they will report Q2, 2022 results on Aug 10, 2022 Reported Earnings • May 13
First quarter 2022 earnings released: EPS: JP¥72.92 (vs JP¥41.67 in 1Q 2021) First quarter 2022 results: EPS: JP¥72.92 (up from JP¥41.67 in 1Q 2021). Revenue: JP¥1.41b (up 5.2% from 1Q 2021). Net income: JP¥140.0m (up 75% from 1Q 2021). Profit margin: 10.0% (up from 6.0% in 1Q 2021). 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 2% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 8 highly experienced directors. No independent directors (6 non-independent directors). External Director Mineo Fukuda was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
Starts Publishing Corporation to Report Q1, 2022 Results on May 11, 2022 Starts Publishing Corporation announced that they will report Q1, 2022 results on May 11, 2022 Reported Earnings • Feb 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥295 (up from JP¥90.11 in FY 2020). Revenue: JP¥5.59b (up 26% from FY 2020). Net income: JP¥566.0m (up 227% from FY 2020). Profit margin: 10% (up from 3.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. 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 7% per year. Upcoming Dividend • Dec 22
Inaugural dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 26 March 2022. The company is not currently making a profit but it is cash flow positive. The company last paid an ordinary dividend in May 2012. The average dividend yield among industry peers is 1.9%. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥3,730, the stock trades at a trailing P/E ratio of 11.6x. Average trailing P/E is 20x in the Media industry in Japan. Total returns to shareholders of 63% over the past three years. Reported Earnings • Nov 12
Third quarter 2021 earnings released: EPS JP¥48.96 (vs JP¥6.77 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.24b (up 16% from 3Q 2020). Net income: JP¥94.0m (up JP¥107.0m from 3Q 2020). Profit margin: 7.6% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Reported Earnings • Aug 11
Second quarter 2021 earnings released: EPS JP¥98.97 (vs JP¥47.92 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥1.29b (up 81% from 2Q 2020). Net income: JP¥190.0m (up JP¥282.0m from 2Q 2020). Profit margin: 15% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Reported Earnings • May 14
First quarter 2021 earnings released: EPS JP¥41.67 (vs JP¥13.54 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥1.34b (up 18% from 1Q 2020). Net income: JP¥80.0m (up 208% from 1Q 2020). Profit margin: 6.0% (up from 2.3% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • Apr 01
Full year 2020 earnings released: EPS JP¥90.11 (vs JP¥216 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥4.43b (down 9.5% from FY 2019). Net income: JP¥173.0m (down 58% from FY 2019). Profit margin: 3.9% (down from 8.5% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥90.11 (vs JP¥216 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥4.43b (down 9.5% from FY 2019). Net income: JP¥173.0m (down 58% from FY 2019). Profit margin: 3.9% (down from 8.5% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Announcement • Feb 10
Starts Publishing Corporation, Annual General Meeting, Mar 25, 2021 Starts Publishing Corporation, Annual General Meeting, Mar 25, 2021. Is New 90 Day High Low • Feb 08
New 90-day high: JP¥3,215 The company is up 24% from its price of JP¥2,600 on 10 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 13% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: JP¥2,950 The company is up 13% from its price of JP¥2,600 on 23 October 2020. The Japanese market is also up 13% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Media industry, which is up 5.0% over the same period. Announcement • Jan 07
Starts Publishing Corporation to Report Fiscal Year 2020 Results on Feb 10, 2021 Starts Publishing Corporation announced that they will report fiscal year 2020 results on Feb 10, 2021 Reported Earnings • Nov 16
Third quarter 2020 earnings released: JP¥6.77 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: JP¥1.07b (down 15% from 3Q 2019). Net loss: JP¥13.0m (down 113% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Nov 12
New 90-day high: JP¥2,700 The company is up 37% from its price of JP¥1,964 on 11 August 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 9.0% over the same period. Announcement • Oct 10
Starts Publishing Corporation to Report Q3, 2020 Results on Nov 12, 2020 Starts Publishing Corporation announced that they will report Q3, 2020 results on Nov 12, 2020 Is New 90 Day High Low • Oct 07
New 90-day high: JP¥2,580 The company is up 25% from its price of JP¥2,064 on 06 July 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Media industry, which is up 12% over the same period. Announcement • Aug 08
Starts Publishing Corporation Announces No Dividend for the Fiscal Year Ending December 31, 2020 Starts Publishing Corporation announced no dividend for the fiscal year ending December 31, 2020 against a dividend of JPY 35 per share paid a year ago.