New Risk • Apr 14
New major risk - Revenue and earnings growth Earnings have declined by 1.8% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 1.8% per year over the past 5 years. Minor Risks Dividend is not well covered by cash flows (99% cash payout ratio). Market cap is less than US$100m (JP¥7.14b market cap, or US$44.9m). Announcement • Apr 13
Sobal Corporation, Annual General Meeting, May 27, 2026 Sobal Corporation, Annual General Meeting, May 27, 2026. Announcement • Apr 03
Sobal Corporation to Report Fiscal Year 2026 Results on Apr 13, 2026 Sobal Corporation announced that they will report fiscal year 2026 results on Apr 13, 2026 Upcoming Dividend • Feb 19
Upcoming dividend of JP¥16.50 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 28 May 2026. Payout ratio is a comfortable 70% and the cash payout ratio is 99%. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.2%). New Risk • Jan 10
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: 4.2% Last year net profit margin: 6.5% 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 Dividend is not well covered by cash flows (99% cash payout ratio). Profit margins are more than 30% lower than last year (4.2% net profit margin). Market cap is less than US$100m (JP¥7.18b market cap, or US$45.5m). Reported Earnings • Jan 10
Third quarter 2026 earnings released: EPS: JP¥16.78 (vs JP¥22.12 in 3Q 2025) Third quarter 2026 results: EPS: JP¥16.78 (down from JP¥22.12 in 3Q 2025). Revenue: JP¥2.21b (down 1.4% from 3Q 2025). Net income: JP¥132.0m (down 24% from 3Q 2025). Profit margin: 6.0% (down from 7.8% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • Nov 01
Sobal Corporation to Report Q3, 2026 Results on Jan 09, 2026 Sobal Corporation announced that they will report Q3, 2026 results on Jan 09, 2026 New Risk • Oct 16
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 99% Dividend yield: 3.6% 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: Minor Risks Dividend is not well covered by cash flows (99% cash payout ratio). Market cap is less than US$100m (JP¥7.17b market cap, or US$47.5m). Reported Earnings • Oct 15
Second quarter 2026 earnings released: EPS: JP¥12.46 (vs JP¥15.51 in 2Q 2025) Second quarter 2026 results: EPS: JP¥12.46 (down from JP¥15.51 in 2Q 2025). Revenue: JP¥2.16b (up 1.9% from 2Q 2025). Net income: JP¥98.0m (down 20% from 2Q 2025). Profit margin: 4.5% (down from 5.8% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 21
Upcoming dividend of JP¥16.50 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 10 November 2025. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Announcement • Jul 30
Sobal Corporation to Report Q2, 2026 Results on Oct 14, 2025 Sobal Corporation announced that they will report Q2, 2026 results on Oct 14, 2025 Reported Earnings • Jul 14
First quarter 2026 earnings released: EPS: JP¥13.98 (vs JP¥13.47 in 1Q 2025) First quarter 2026 results: EPS: JP¥13.98 (up from JP¥13.47 in 1Q 2025). Revenue: JP¥2.20b (up 3.8% from 1Q 2025). Net income: JP¥110.0m (up 3.8% from 1Q 2025). Profit margin: 5.0% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 03
Full year 2025 earnings released: EPS: JP¥54.91 (vs JP¥65.21 in FY 2024) Full year 2025 results: EPS: JP¥54.91 (down from JP¥65.21 in FY 2024). Revenue: JP¥8.68b (up 6.3% from FY 2024). Net income: JP¥432.0m (down 16% from FY 2024). Profit margin: 5.0% (down from 6.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. Announcement • May 15
Sobal Corporation to Report Q1, 2026 Results on Jul 11, 2025 Sobal Corporation announced that they will report Q1, 2026 results on Jul 11, 2025 Reported Earnings • Apr 12
Full year 2025 earnings released: EPS: JP¥54.91 (vs JP¥65.21 in FY 2024) Full year 2025 results: EPS: JP¥54.91 (down from JP¥65.21 in FY 2024). Revenue: JP¥8.68b (up 6.3% from FY 2024). Net income: JP¥432.0m (down 16% from FY 2024). Profit margin: 5.0% (down from 6.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 3% per year. Announcement • Apr 11
Sobal Corporation, Annual General Meeting, May 27, 2025 Sobal Corporation, Annual General Meeting, May 27, 2025. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥16.50 per share Eligible shareholders must have bought the stock before 27 February 2025. Payment date: 30 May 2025. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.2%). Announcement • Feb 04
Sobal Corporation to Report Fiscal Year 2025 Results on Apr 11, 2025 Sobal Corporation announced that they will report fiscal year 2025 results on Apr 11, 2025 Reported Earnings • Jan 15
Third quarter 2025 earnings released: EPS: JP¥22.12 (vs JP¥17.29 in 3Q 2024) Third quarter 2025 results: EPS: JP¥22.12 (up from JP¥17.29 in 3Q 2024). Revenue: JP¥2.25b (up 12% from 3Q 2024). Net income: JP¥174.0m (up 28% from 3Q 2024). Profit margin: 7.8% (up from 6.8% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Announcement • Oct 30
Sobal Corporation to Report Q3, 2025 Results on Jan 10, 2025 Sobal Corporation announced that they will report Q3, 2025 results on Jan 10, 2025 Reported Earnings • Oct 02
Second quarter 2025 earnings released: EPS: JP¥15.51 (vs JP¥15.89 in 2Q 2024) Second quarter 2025 results: EPS: JP¥15.51 (down from JP¥15.89 in 2Q 2024). Revenue: JP¥2.12b (up 3.3% from 2Q 2024). Net income: JP¥122.0m (down 2.4% from 2Q 2024). Profit margin: 5.8% (down from 6.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year. Upcoming Dividend • Aug 22
Upcoming dividend of JP¥16.50 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 08 November 2024. Payout ratio is a comfortable 50% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.3%). Announcement • Jul 27
Sobal Corporation to Report Q2, 2025 Results on Sep 30, 2024 Sobal Corporation announced that they will report Q2, 2025 results on Sep 30, 2024 Reported Earnings • Jun 30
First quarter 2025 earnings released: EPS: JP¥13.47 (vs JP¥12.08 in 1Q 2024) First quarter 2025 results: EPS: JP¥13.47 (up from JP¥12.08 in 1Q 2024). Revenue: JP¥2.12b (up 6.6% from 1Q 2024). Net income: JP¥106.0m (up 12% from 1Q 2024). Profit margin: 5.0% (up from 4.8% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • May 13
Sobal Corporation to Report Q1, 2025 Results on Jun 28, 2024 Sobal Corporation announced that they will report Q1, 2025 results on Jun 28, 2024 Announcement • Apr 12
Sobal Corporation, Annual General Meeting, May 29, 2024 Sobal Corporation, Annual General Meeting, May 29, 2024. Reported Earnings • Apr 11
Full year 2024 earnings released: EPS: JP¥65.21 (vs JP¥86.82 in FY 2023) Full year 2024 results: EPS: JP¥65.21 (down from JP¥86.82 in FY 2023). Revenue: JP¥8.17b (flat on FY 2023). Net income: JP¥513.0m (down 25% from FY 2023). Profit margin: 6.3% (down from 8.4% in FY 2023). 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 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Feb 21
Upcoming dividend of JP¥16.50 per share Eligible shareholders must have bought the stock before 28 February 2024. Payment date: 27 May 2024. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Announcement • Jan 31
Sobal Corporation to Report Fiscal Year 2024 Results on Apr 10, 2024 Sobal Corporation announced that they will report fiscal year 2024 results on Apr 10, 2024 Reported Earnings • Dec 29
Third quarter 2024 earnings released: EPS: JP¥17.29 (vs JP¥8.39 in 3Q 2023) Third quarter 2024 results: EPS: JP¥17.29 (up from JP¥8.39 in 3Q 2023). Revenue: JP¥2.01b (up 5.7% from 3Q 2023). Net income: JP¥136.0m (up 106% from 3Q 2023). Profit margin: 6.8% (up from 3.5% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Nov 02
Sobal Corporation to Report Q3, 2024 Results on Dec 28, 2023 Sobal Corporation announced that they will report Q3, 2024 results on Dec 28, 2023 New Risk • Sep 30
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: 4.4% Last year net profit margin: 9.5% 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 Profit margins are more than 30% lower than last year (4.4% net profit margin). Market cap is less than US$100m (JP¥8.02b market cap, or US$53.6m). Upcoming Dividend • Aug 23
Upcoming dividend of JP¥16.50 per share at 3.1% yield Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 08 November 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.7%). Announcement • Aug 06
Sobal Corporation to Report Q2, 2024 Results on Sep 29, 2023 Sobal Corporation announced that they will report Q2, 2024 results on Sep 29, 2023 Reported Earnings • Jul 01
First quarter 2024 earnings released: EPS: JP¥12.08 (vs JP¥18.18 in 1Q 2023) First quarter 2024 results: EPS: JP¥12.08 (down from JP¥18.18 in 1Q 2023). Revenue: JP¥1.99b (down 4.9% from 1Q 2023). Net income: JP¥95.0m (down 34% from 1Q 2023). Profit margin: 4.8% (down from 6.8% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 30
Full year 2023 earnings released: EPS: JP¥86.82 (vs JP¥56.82 in FY 2022) Full year 2023 results: EPS: JP¥86.82 (up from JP¥56.82 in FY 2022). Revenue: JP¥8.16b (flat on FY 2022). Net income: JP¥683.0m (up 53% from FY 2022). Profit margin: 8.4% (up from 5.5% in FY 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • May 28
Sobal Corporation to Report Q1, 2024 Results on Jun 30, 2023 Sobal Corporation announced that they will report Q1, 2024 results on Jun 30, 2023 Buying Opportunity • Apr 28
Now 20% undervalued Over the last 90 days, the stock is up 2.6%. The fair value is estimated to be JP¥1,304, 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 grown by 25%. Reported Earnings • Apr 13
Full year 2023 earnings released: EPS: JP¥86.82 (vs JP¥56.82 in FY 2022) Full year 2023 results: EPS: JP¥86.82 (up from JP¥56.82 in FY 2022). Revenue: JP¥8.16b (flat on FY 2022). Net income: JP¥683.0m (up 53% from FY 2022). Profit margin: 8.4% (up from 5.5% in FY 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 13
Now 22% undervalued Over the last 90 days, the stock is up 5.5%. The fair value is estimated to be JP¥1,365, 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 grown by 20%. Buying Opportunity • Mar 28
Now 21% undervalued Over the last 90 days, the stock is up 9.2%. The fair value is estimated to be JP¥1,384, 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 grown by 20%. Upcoming Dividend • Feb 20
Upcoming dividend of JP¥16.50 per share at 3.2% yield Eligible shareholders must have bought the stock before 27 February 2023. Payment date: 25 May 2023. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Reported Earnings • Dec 30
Third quarter 2023 earnings released: EPS: JP¥8.39 (vs JP¥14.36 in 3Q 2022) Third quarter 2023 results: EPS: JP¥8.39 (down from JP¥14.36 in 3Q 2022). Revenue: JP¥1.90b (down 6.0% from 3Q 2022). Net income: JP¥66.0m (down 42% from 3Q 2022). Profit margin: 3.5% (down from 5.6% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Outside Director Tomohiro Takagi was the last independent 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. Announcement • Oct 30
Sobal Corporation to Report Q3, 2023 Results on Dec 28, 2022 Sobal Corporation announced that they will report Q3, 2023 results on Dec 28, 2022 Reported Earnings • Oct 02
Second quarter 2023 earnings released: EPS: JP¥51.61 (vs JP¥10.55 in 2Q 2022) Second quarter 2023 results: EPS: JP¥51.61 (up from JP¥10.55 in 2Q 2022). Revenue: JP¥2.11b (up 6.5% from 2Q 2022). Net income: JP¥406.0m (up 389% from 2Q 2022). Profit margin: 19% (up from 4.2% in 2Q 2022). 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 2% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥16.50 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 09 November 2022. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Buying Opportunity • Aug 22
Now 20% undervalued Over the last 90 days, the stock is up 7.0%. The fair value is estimated to be JP¥1,356, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • Jul 31
Sobal Corporation to Report Q2, 2023 Results on Sep 30, 2022 Sobal Corporation announced that they will report Q2, 2023 results on Sep 30, 2022 Reported Earnings • Jul 02
First quarter 2023 earnings released: EPS: JP¥18.18 (vs JP¥15.89 in 1Q 2022) First quarter 2023 results: EPS: JP¥18.18 (up from JP¥15.89 in 1Q 2022). Revenue: JP¥2.09b (up 2.2% from 1Q 2022). Net income: JP¥143.0m (up 14% from 1Q 2022). Profit margin: 6.8% (up from 6.1% 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 1% per year whereas the company’s share price has fallen by 3% per year. Reported Earnings • May 29
Full year 2022 earnings released: EPS: JP¥56.82 (vs JP¥48.05 in FY 2021) Full year 2022 results: EPS: JP¥56.82 (up from JP¥48.05 in FY 2021). Revenue: JP¥8.16b (up 8.4% from FY 2021). Net income: JP¥447.0m (up 18% from FY 2021). Profit margin: 5.5% (up from 5.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 3% per year. Announcement • May 08
Sobal Corporation to Report Q1, 2023 Results on Jun 30, 2022 Sobal Corporation announced that they will report Q1, 2023 results on Jun 30, 2022 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. 4 non-independent directors. Part-time Audit & Supervisory Board Member Kazuaki Oshiumi was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 14
Sobal Corporation, Annual General Meeting, May 24, 2022 Sobal Corporation, Annual General Meeting, May 24, 2022. Reported Earnings • Apr 14
Full year 2022 earnings released: EPS: JP¥56.82 (vs JP¥48.05 in FY 2021) Full year 2022 results: EPS: JP¥56.82 (up from JP¥48.05 in FY 2021). Revenue: JP¥8.16b (up 8.4% from FY 2021). Net income: JP¥447.0m (up 18% from FY 2021). Profit margin: 5.5% (up from 5.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 1% per year. Buying Opportunity • Apr 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be JP¥1,279, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Feb 24
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,283, 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 been flat over the last 3 years. Upcoming Dividend • Feb 18
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 25 February 2022. Payment date: 21 May 2022. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.7%). Announcement • Feb 02
Sobal Corporation to Report Fiscal Year 2022 Results on Apr 12, 2022 Sobal Corporation announced that they will report fiscal year 2022 results on Apr 12, 2022 Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥1,280, the stock trades at a trailing P/E ratio of 22.7x. Average trailing P/E is 22x in the Software industry in Japan. Total returns to shareholders of 58% over the past three years. Reported Earnings • Dec 29
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥14.36 (up from JP¥13.09 in 3Q 2021). Revenue: JP¥2.02b (up 6.3% from 3Q 2021). Net income: JP¥113.0m (up 9.7% from 3Q 2021). Profit margin: 5.6% (up from 5.4% in 3Q 2021). 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 fallen by 1% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Oct 01
Second quarter 2022 earnings released: EPS JP¥10.55 (vs JP¥8.64 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥1.98b (up 13% from 2Q 2021). Net income: JP¥83.0m (up 22% from 2Q 2021). Profit margin: 4.2% (up from 3.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. Upcoming Dividend • Aug 23
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 10 November 2021. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.1%). Higher than average of industry peers (1.4%). Reported Earnings • Jul 03
First quarter 2022 earnings released: EPS JP¥15.89 (vs JP¥10.68 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥2.04b (up 8.3% from 1Q 2021). Net income: JP¥125.0m (up 49% from 1Q 2021). Profit margin: 6.1% (up from 4.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Reported Earnings • Apr 14
Full year 2021 earnings released: EPS JP¥48.05 (vs JP¥54.95 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥7.53b (down 9.7% from FY 2020). Net income: JP¥378.0m (down 13% from FY 2020). Profit margin: 5.0% (down from 5.2% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 5% per year. Is New 90 Day High Low • Feb 15
New 90-day high: JP¥967 The company is up 5.0% from its price of JP¥924 on 17 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Software industry, which is also up 5.0% over the same period. Announcement • Feb 06
Sobal Corporation to Report Fiscal Year 2021 Results on Apr 12, 2021 Sobal Corporation announced that they will report fiscal year 2021 results on Apr 12, 2021 Reported Earnings • Jan 15
Third quarter 2021 earnings released: EPS JP¥13.09 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.90b (down 4.3% from 3Q 2020). Net income: JP¥103.0m (down 7.2% from 3Q 2020). Profit margin: 5.4% (down from 5.6% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Reported Earnings • Dec 26
Third quarter 2021 earnings released: EPS JP¥13.09 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.90b (down 4.3% from 3Q 2020). Net income: JP¥103.0m (down 7.2% from 3Q 2020). Profit margin: 5.4% (down from 5.6% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 6% per year. Is New 90 Day High Low • Nov 02
New 90-day low: JP¥910 The company is down 5.0% from its price of JP¥957 on 04 August 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 1.0% over the same period. Reported Earnings • Oct 17
First half earnings released Over the last 12 months the company has reported total profits of JP¥348.0m, down 25% from the prior year. Total revenue was JP¥7.83b over the last 12 months, down 5.6% from the prior year. Reported Earnings • Oct 02
First half earnings released Over the last 12 months the company has reported total profits of JP¥348.0m, down 25% from the prior year. Total revenue was JP¥7.83b over the last 12 months, down 5.6% from the prior year. Announcement • Aug 10
Sobal Corporation to Report Q2, 2021 Results on Sep 30, 2020 Sobal Corporation announced that they will report Q2, 2021 results on Sep 30, 2020