Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,532, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Media industry in Japan. Total returns to shareholders of 43% over the past three years. Reported Earnings • Feb 16
First quarter 2026 earnings released: EPS: JP¥21.62 (vs JP¥18.10 in 1Q 2025) First quarter 2026 results: EPS: JP¥21.62 (up from JP¥18.10 in 1Q 2025). Revenue: JP¥820.0m (up 58% from 1Q 2025). Net income: JP¥137.0m (up 23% from 1Q 2025). Profit margin: 17% (down from 21% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Media industry in Japan. 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 7.9% 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 (7.9% average weekly change). Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (JP¥10.1b market cap, or US$66.0m). Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,734, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Media industry in Japan. Total returns to shareholders of 26% over the past three years. Reported Earnings • Dec 25
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥87.07 (up from JP¥50.55 in FY 2024). Revenue: JP¥2.68b (up 39% from FY 2024). Net income: JP¥539.0m (up 74% from FY 2024). Profit margin: 20% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.4%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Media industry in Japan. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥2,279, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Media industry in Japan. Total returns to shareholders of 108% over the past three years. Announcement • Dec 05
AViC Co., Ltd. to Report Q1, 2026 Results on Feb 13, 2026 AViC Co., Ltd. announced that they will report Q1, 2026 results on Feb 13, 2026 Reported Earnings • Nov 18
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥87.07 (up from JP¥50.55 in FY 2024). Revenue: JP¥2.68b (up 39% from FY 2024). Net income: JP¥539.0m (up 74% from FY 2024). Profit margin: 20% (up from 16% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 7.4%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Media industry in Japan. Announcement • Nov 14
AViC Co., Ltd., Annual General Meeting, Dec 19, 2025 AViC Co., Ltd., Annual General Meeting, Dec 19, 2025. Buy Or Sell Opportunity • Oct 31
Now 22% overvalued Over the last 90 days, the stock has fallen 14% to JP¥1,884. The fair value is estimated to be JP¥1,541, 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 15% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Buy Or Sell Opportunity • Sep 22
Now 21% overvalued Over the last 90 days, the stock has fallen 14% to JP¥1,878. The fair value is estimated to be JP¥1,548, 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 17% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Announcement • Sep 03
AViC Co., Ltd. to Report Fiscal Year 2025 Results on Nov 14, 2025 AViC Co., Ltd. announced that they will report fiscal year 2025 results on Nov 14, 2025 Reported Earnings • Aug 16
Third quarter 2025 earnings released: EPS: JP¥17.91 (vs JP¥14.67 in 3Q 2024) Third quarter 2025 results: EPS: JP¥17.91 (up from JP¥14.67 in 3Q 2024). Revenue: JP¥698.0m (up 44% from 3Q 2024). Net income: JP¥111.0m (up 23% from 3Q 2024). Profit margin: 16% (down from 19% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Media industry in Japan. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥2,224, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 19x in the Media industry in Japan. Total returns to shareholders of 134% over the past year. Buy Or Sell Opportunity • Jun 06
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 28% to JP¥1,999. The fair value is estimated to be JP¥1,612, 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 15% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Announcement • Jun 03
AViC Co., Ltd. to Report Q3, 2025 Results on Aug 14, 2025 AViC Co., Ltd. announced that they will report Q3, 2025 results on Aug 14, 2025 Reported Earnings • May 19
Second quarter 2025 earnings released: EPS: JP¥22.13 (vs JP¥14.67 in 2Q 2024) Second quarter 2025 results: EPS: JP¥22.13 (up from JP¥14.67 in 2Q 2024). Revenue: JP¥581.0m (up 20% from 2Q 2024). Net income: JP¥136.0m (up 51% from 2Q 2024). Profit margin: 23% (up from 19% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Media industry in Japan. Buy Or Sell Opportunity • Apr 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to JP¥1,807. The fair value is estimated to be JP¥1,490, 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 15% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Announcement • Apr 15
AViC Co., Ltd. (TSE:9554) agreed to acquire Realation Inc. from Yamashiro Yuji. AViC Co., Ltd. (TSE:9554) agreed to acquire Realation Inc. from Yamashiro Yuji on April 14, 2025. In the share exchange, the Company's shares and cash will be issued for Realation shares. Stock consideration of 0.433 shares of AViC Co., Ltd. per share will be issued. Cash consideration will not be disclosed due to confidentiality agreement.
For the period ending April 30, 2024, Realation Inc. reported total revenue of ¥574 million, EBIT of ¥3 million and net income of ¥6 million. As of April 30, 2024, Realation Inc. reported total assets of ¥371 million and total common equity of ¥92 million.
The transaction is subject to approval of offer by acquirer shareholders. The expected completion of the transaction is May 26, 2025. New Risk • Apr 07
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 8.1% 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 (8.1% average weekly change). Minor Risk Market cap is less than US$100m (JP¥8.83b market cap, or US$60.4m). 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¥1,439, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Media industry in Japan. Total returns to shareholders of 47% over the past year. Announcement • Mar 29
AViC Co., Ltd. to Report Q2, 2025 Results on May 15, 2025 AViC Co., Ltd. announced that they will report Q2, 2025 results on May 15, 2025 Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,540, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the Media industry in Japan. Total returns to shareholders of 73% over the past year. New Risk • Dec 10
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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (JP¥6.86b market cap, or US$45.4m). Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,189, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 14x in the Media industry in Japan. Total returns to shareholders of 80% over the past year. Announcement • Nov 14
AViC Co., Ltd., Annual General Meeting, Dec 20, 2024 AViC Co., Ltd., Annual General Meeting, Dec 20, 2024. Buy Or Sell Opportunity • Oct 30
Now 20% overvalued Over the last 90 days, the stock has fallen 10% to JP¥1,017. The fair value is estimated to be JP¥845, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 15% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Buy Or Sell Opportunity • Sep 18
Now 20% overvalued Over the last 90 days, the stock has fallen 1.1% to JP¥1,030. The fair value is estimated to be JP¥858, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Buy Or Sell Opportunity • Aug 26
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at JP¥1,040. The fair value is estimated to be JP¥862, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Reported Earnings • Aug 19
Third quarter 2024 earnings released: EPS: JP¥11.09 (vs JP¥8.66 in 3Q 2023) Third quarter 2024 results: EPS: JP¥11.09 (up from JP¥8.66 in 3Q 2023). Revenue: JP¥464.0m (up 30% from 3Q 2023). Net income: JP¥68.0m (up 36% from 3Q 2023). Profit margin: 15% (in line with 3Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Media industry in Japan. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 36% After last week's 36% share price decline to JP¥731, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Media industry in Japan. Total loss to shareholders of 25% over the past year. Buy Or Sell Opportunity • Aug 05
Now 38% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to JP¥731. The fair value is estimated to be JP¥1,183, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last year. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Announcement • Jul 08
AViC Co., Ltd. to Report Q3, 2024 Results on Aug 14, 2024 AViC Co., Ltd. announced that they will report Q3, 2024 results on Aug 14, 2024 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,190, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 17x in the Media industry in Japan. Total returns to shareholders of 28% over the past year. Reported Earnings • May 21
Second quarter 2024 earnings released: EPS: JP¥16.14 (vs JP¥11.50 in 2Q 2023) Second quarter 2024 results: EPS: JP¥16.14 (up from JP¥11.50 in 2Q 2023). Revenue: JP¥511.0m (up 29% from 2Q 2023). Net income: JP¥99.0m (up 50% from 2Q 2023). Profit margin: 19% (up from 17% in 2Q 2023). The increase in margin was driven by higher revenue. Announcement • Mar 28
AViC Co., Ltd. to Report Q2, 2024 Results on May 15, 2024 AViC Co., Ltd. announced that they will report Q2, 2024 results on May 15, 2024 New Risk • Mar 11
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 8.3% 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 (8.3% average weekly change). Minor Risk Market cap is less than US$100m (JP¥5.91b market cap, or US$40.3m). Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥981, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 15x in the Media industry in Japan. Total loss to shareholders of 5.7% over the past year. Reported Earnings • Feb 17
First quarter 2024 earnings released: EPS: JP¥8.65 (vs JP¥6.84 in 1Q 2023) First quarter 2024 results: EPS: JP¥8.65 (up from JP¥6.84 in 1Q 2023). Revenue: JP¥475.0m (up 42% from 1Q 2023). Net income: JP¥53.0m (up 36% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥935, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 16x in the Media industry in Japan. Total loss to shareholders of 24% over the past year. Announcement • Dec 28
AViC Co., Ltd. to Report Q1, 2024 Results on Feb 14, 2024 AViC Co., Ltd. announced that they will report Q1, 2024 results on Feb 14, 2024 Reported Earnings • Nov 19
Full year 2023 earnings released: EPS: JP¥38.11 (vs JP¥40.50 in FY 2022) Full year 2023 results: EPS: JP¥38.11 (down from JP¥40.50 in FY 2022). Revenue: JP¥1.49b (up 20% from FY 2022). Net income: JP¥219.0m (down 3.1% from FY 2022). Profit margin: 15% (down from 18% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • Nov 17
AViC Co., Ltd., Annual General Meeting, Dec 26, 2023 AViC Co., Ltd., Annual General Meeting, Dec 26, 2023. Announcement • Oct 05
AViC Co., Ltd. to Report Fiscal Year 2023 Results on Nov 14, 2023 AViC Co., Ltd. announced that they will report fiscal year 2023 results on Nov 14, 2023 New Risk • Aug 16
New major 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 6.9% 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 (6.9% average weekly change). Market cap is less than US$100m (JP¥4.46b market cap, or US$30.7m). Reported Earnings • Aug 16
Third quarter 2023 earnings released: EPS: JP¥8.66 (vs JP¥14.58 in 3Q 2022) Third quarter 2023 results: EPS: JP¥8.66 (down from JP¥14.58 in 3Q 2022). Revenue: JP¥356.0m (down 4.0% from 3Q 2022). Net income: JP¥50.0m (down 40% from 3Q 2022). Profit margin: 14% (down from 22% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥784, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 16x in the Media industry in Japan. Total loss to shareholders of 26% over the past year. Buying Opportunity • Aug 10
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.9%. The fair value is estimated to be JP¥1,179, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 39%. Announcement • Jun 03
AViC Co., Ltd. to Report Q3, 2023 Results on Aug 14, 2023 AViC Co., Ltd. announced that they will report Q3, 2023 results on Aug 14, 2023 Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥868, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 15x in the Media industry in Japan. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥985, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 15x in the Media industry in Japan. Reported Earnings • Feb 16
First quarter 2023 earnings released First quarter 2023 results: EPS: JP¥6.84. Net income: JP¥39.0m (up JP¥39.0m from 1Q 2022). Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,442, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 14x in the Media industry in Japan. Reported Earnings • Dec 28
Full year 2022 earnings released: EPS: JP¥40.50 (vs JP¥14.08 in FY 2021) Full year 2022 results: EPS: JP¥40.50 (up from JP¥14.08 in FY 2021). Revenue: JP¥1.25b (down 6.3% from FY 2021). Net income: JP¥226.0m (up 190% from FY 2021). Profit margin: 18% (up from 5.9% in FY 2021). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥1,185, the stock trades at a trailing P/E ratio of 29.8x. Average trailing P/E is 14x in the Media industry in Japan. Reported Earnings • Nov 16
Full year 2022 earnings released: EPS: JP¥40.50 (vs JP¥14.08 in FY 2021) Full year 2022 results: EPS: JP¥40.50 (up from JP¥14.08 in FY 2021). Revenue: JP¥1.25b (down 6.3% from FY 2021). Net income: JP¥226.0m (up 190% from FY 2021). Profit margin: 18% (up from 5.9% in FY 2021). The increase in margin was driven by lower expenses. Announcement • Nov 16
AViC Co., Ltd., Annual General Meeting, Dec 23, 2022 AViC Co., Ltd., Annual General Meeting, Dec 23, 2022. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). CFO & Director Makoto Sasano is the most experienced director on the board, commencing their role in 2020. Independent Outside Director Daisuke Asai was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Aug 07
AViC Co., Ltd. to Report Q3, 2022 Results on Aug 10, 2022 AViC Co., Ltd. announced that they will report Q3, 2022 results on Aug 10, 2022 Board Change • Jun 30
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 Daisuke Asai was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 
