Reported Earnings • Apr 28
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥169 (up from JP¥148 in FY 2025). Revenue: JP¥381.3b (up 13% from FY 2025). Net income: JP¥30.8b (up 14% from FY 2025). Profit margin: 8.1% (up from 8.0% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.1%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the IT 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 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 27
NS Solutions Corporation, Annual General Meeting, Jun 19, 2026 NS Solutions Corporation, Annual General Meeting, Jun 19, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 03 June 2026. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Buy Or Sell Opportunity • Mar 06
Now 21% overvalued Over the last 90 days, the stock has fallen 5.5% to JP¥3,951. The fair value is estimated to be JP¥3,276, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 8.1% per annum over the same time period. Buy Or Sell Opportunity • Feb 02
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to JP¥4,242. The fair value is estimated to be JP¥3,440, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 8.1% per annum over the same time period. Reported Earnings • Jan 31
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: JP¥49.80 (up from JP¥44.90 in 3Q 2025). Revenue: JP¥97.0b (up 16% from 3Q 2025). Net income: JP¥9.11b (up 11% from 3Q 2025). Profit margin: 9.4% (in line with 3Q 2025). Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT 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 36% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jan 22
Price target increased by 7.5% to JP¥3,887 Up from JP¥3,616, the current price target is an average from 9 analysts. New target price is 15% below last closing price of JP¥4,578. Stock is up 20% over the past year. The company is forecast to post earnings per share of JP¥160 for next year compared to JP¥148 last year. Declared Dividend • Dec 02
First half dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 30th March 2026 Payment date: 3rd June 2026 Dividend yield will be 1.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Dec 01
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to JP¥4,109. The fair value is estimated to be JP¥3,309, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 8.6% per annum over the same time period. Reported Earnings • Oct 31
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: JP¥37.69 (up from JP¥37.19 in 2Q 2025). Revenue: JP¥95.7b (up 20% from 2Q 2025). Net income: JP¥6.90b (up 1.3% from 2Q 2025). Profit margin: 7.2% (down from 8.5% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) also surpassed analyst estimates by 1.3%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 30
NS Solutions Corporation (TSE:2327) entered into an agreement to acquire 11.51% stake in Delivery Consulting Inc. (TSE:9240) from Takuo Sakaguchi and MF Asset Management LLC for approximately ¥290 million. NS Solutions Corporation (TSE:2327) entered into an agreement to acquire 11.51% stake in Delivery Consulting Inc. (TSE:9240) from Takuo Sakaguchi and MF Asset Management LLC for approximately ¥290 million on September 30, 2025. A cash consideration valued at ¥526 per share will be paid by NS Solutions Corporation. Post the completion of the transaction, MF Asset Management's stake in Delivery Consulting will reduce from 10.79% to 8.48%.
The expected completion of the transaction is September 30, 2025. Announcement • Sep 27
NS Solutions Corporation to Report Q2, 2026 Results on Oct 30, 2025 NS Solutions Corporation announced that they will report Q2, 2026 results on Oct 30, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%). Announcement • Aug 01
NS Solutions Corporation (TSE:2327) completed the acquisition of Infocom Corporation from B.X.J.C.2 Holdings Co., Ltd for ¥55 billion. NS Solutions Corporation (TSE:2327) signed a letter of intent to acquire Infocom Corporation from B.X.J.C.2 Holdings Co., Ltd on March 31, 2025. NS Solutions Corporation (TSE:2327) entered into a share transfer agreement to acquire Infocom Corporation from B.X.J.C.2 Holdings Co., Ltd on April 23, 2025. The expected completion of the transaction is July 1, 2025.
NS Solutions Corporation (TSE:2327) completed the acquisition of Infocom Corporation from from B.X.J.C.2 Holdings Co., Ltd for ¥55 billion on August 1, 2025. Reported Earnings • Jul 31
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: JP¥27.93 (down from JP¥29.41 in 1Q 2025). Revenue: JP¥82.7b (up 7.6% from 1Q 2025). Net income: JP¥5.11b (down 5.0% from 1Q 2025). Profit margin: 6.2% (down from 7.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 19%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥40.00 announced Shareholders will receive a dividend of JP¥40.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 2.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 27
NS Solutions Corporation to Report Q1, 2026 Results on Jul 30, 2025 NS Solutions Corporation announced that they will report Q1, 2026 results on Jul 30, 2025 Reported Earnings • Jun 20
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥148 (up from JP¥132 in FY 2024). Revenue: JP¥338.3b (up 8.9% from FY 2024). Net income: JP¥27.0b (up 12% from FY 2024). Profit margin: 8.0% (up from 7.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 03
3D Investment Partners Sends Open Letter to the Board of NS Solutions On June 2, 2025, 3D Investment Partners Pte. Ltd. sent an open letter to NS Solutions Corporation, disclosing survey results indicating concerns about the Company's independence from Nippon Steel. The firm reiterated its request for a special committee of independent directors to review the relationship with Nippon Steel and maximize corporate value. Reported Earnings • Apr 29
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥148 (up from JP¥132 in FY 2024). Revenue: JP¥338.3b (up 8.9% from FY 2024). Net income: JP¥27.0b (up 12% from FY 2024). Profit margin: 8.0% (up from 7.8% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 28
NS Solutions Corporation, Annual General Meeting, Jun 20, 2025 NS Solutions Corporation, Annual General Meeting, Jun 20, 2025. Buy Or Sell Opportunity • Apr 28
Now 21% overvalued Over the last 90 days, the stock has fallen 9.9% to JP¥3,520. The fair value is estimated to be JP¥2,904, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 5.5% per annum over the same time period. Announcement • Apr 25
NS Solutions Corporation (TSE:2327) signed a letter of intent to acquire Infocom Corporation NS Solutions Corporation (TSE:2327) signed a letter of intent to acquire Infocom Corporation on March 31, 2025. The consideration consists of common equity of Amutus Corporation to be issued for common equity of Infocom Corporation. As part of consideration, an undisclosed value is paid towards common equity of Infocom Corporation. NS Solutions Corporation (TSE:2327) entered into a share transfer agreement to acquire Infocom Corporation on April 23, 2025.
The expected completion of the transaction is July 1, 2025. Buy Or Sell Opportunity • Apr 08
Now 21% overvalued Over the last 90 days, the stock has fallen 7.3% to JP¥3,604. The fair value is estimated to be JP¥2,971, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.4% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 5.8% per annum over the same time period. Announcement • Apr 02
NS Solutions Corporation to Report Fiscal Year 2025 Results on Apr 28, 2025 NS Solutions Corporation announced that they will report fiscal year 2025 results on Apr 28, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥36.50 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 03 June 2025. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%). Announcement • Feb 28
NS Solutions Corporation Provides Earnings Targets for the Financial Year 2024, 2027 and 2030 NS Solutions Corporation provided earnings targets for the financial year 2024, 2027 and 2030. For the year 2024, the company targets revenue to be JPY 330 billion. Operating profit to be JPY 39.0 billion.
For the year 2027, the company targets revenue to be JPY 450 billion. Operating profit to be JPY 60 billion.
For the year 2030, the company targets revenue to be JPY 500 billion. Operating profit to be JPY 100 billion. Reported Earnings • Feb 05
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥44.90 (up from JP¥32.70 in 3Q 2024). Revenue: JP¥83.7b (up 11% from 3Q 2024). Net income: JP¥8.22b (up 37% from 3Q 2024). Profit margin: 9.8% (up from 7.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 03
NS Solutions Corporation to Report Q3, 2025 Results on Feb 04, 2025 NS Solutions Corporation announced that they will report Q3, 2025 results on Feb 04, 2025 Declared Dividend • Dec 03
First half dividend of JP¥36.50 announced Shareholders will receive a dividend of JP¥36.50. Ex-date: 28th March 2025 Payment date: 3rd June 2025 Dividend yield will be 1.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 19% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Nov 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 5.6% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 31
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: JP¥37.19 (up from JP¥29.93 in 2Q 2024). Revenue: JP¥79.8b (up 5.0% from 2Q 2024). Net income: JP¥6.81b (up 24% from 2Q 2024). Profit margin: 8.5% (up from 7.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT 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 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 27
NS Solutions Corporation to Report Q2, 2025 Results on Oct 29, 2024 NS Solutions Corporation announced that they will report Q2, 2025 results on Oct 29, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥33.50 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Price Target Changed • Aug 31
Price target increased by 7.1% to JP¥3,095 Up from JP¥2,889, the current price target is an average from 8 analysts. New target price is 17% below last closing price of JP¥3,715. Stock is up 86% over the past year. The company is forecast to post earnings per share of JP¥145 for next year compared to JP¥132 last year. Price Target Changed • Aug 21
Price target increased by 9.2% to JP¥2,889 Up from JP¥2,645, the current price target is an average from 8 analysts. New target price is 19% below last closing price of JP¥3,575. Stock is up 85% over the past year. The company is forecast to post earnings per share of JP¥146 for next year compared to JP¥132 last year. Price Target Changed • Aug 06
Price target increased by 9.1% to JP¥2,645 Up from JP¥2,423, the current price target is an average from 8 analysts. New target price is 23% below last closing price of JP¥3,450. Stock is up 80% over the past year. The company is forecast to post earnings per share of JP¥138 for next year compared to JP¥132 last year. Reported Earnings • Aug 01
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: JP¥58.82 (up from JP¥21.98 in 1Q 2024). Revenue: JP¥76.8b (up 12% from 1Q 2024). Net income: JP¥5.38b (up 34% from 1Q 2024). Profit margin: 7.0% (up from 5.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥33.50 announced Shareholders will receive a dividend of JP¥33.50. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 2.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (27% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 28
NS Solutions Corporation to Report Q1, 2025 Results on Jul 30, 2024 NS Solutions Corporation announced that they will report Q1, 2025 results on Jul 30, 2024 Reported Earnings • Jun 25
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥265 (up from JP¥240 in FY 2023). Revenue: JP¥310.6b (up 6.5% from FY 2023). Net income: JP¥24.2b (up 10% from FY 2023). Profit margin: 7.8% (up from 7.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.8%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year. Reported Earnings • May 01
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥265 (up from JP¥240 in FY 2023). Revenue: JP¥310.6b (up 6.5% from FY 2023). Net income: JP¥24.2b (up 10% from FY 2023). Profit margin: 7.8% (up from 7.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.8%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 15% per year. Announcement • Apr 29
NS Solutions Corporation, Annual General Meeting, Jun 19, 2024 NS Solutions Corporation, Annual General Meeting, Jun 19, 2024. Announcement • Mar 28
NS Solutions Corporation to Report Fiscal Year 2024 Results on Apr 26, 2024 NS Solutions Corporation announced that they will report fiscal year 2024 results on Apr 26, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 05 June 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 04
Third quarter 2024 earnings: Revenues and EPS in line with analyst expectations Third quarter 2024 results: EPS: JP¥65.39 (up from JP¥62.31 in 3Q 2023). Revenue: JP¥75.3b (up 4.5% from 3Q 2023). Net income: JP¥5.98b (up 4.9% from 3Q 2023). Profit margin: 7.9% (in line with 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the IT industry in Japan. 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 12% per year. Announcement • Dec 28
NS Solutions Corporation to Report Q3, 2024 Results on Feb 02, 2024 NS Solutions Corporation announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Oct 29
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: JP¥54.66 (down from JP¥55.14 in 2Q 2023). Revenue: JP¥69.6b (flat on 2Q 2023). Net income: JP¥5.00b (flat on 2Q 2023). Profit margin: 7.2% (down from 7.3% in 2Q 2023). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 5.0%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT industry in Japan. 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 12% per year. Announcement • Sep 29
NS Solutions Corporation to Report Q2, 2024 Results on Oct 27, 2023 NS Solutions Corporation announced that they will report Q2, 2024 results on Oct 27, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥40.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Reported Earnings • Jul 29
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: EPS: JP¥43.96 (down from JP¥47.57 in 1Q 2023). Revenue: JP¥68.8b (up 5.6% from 1Q 2023). Net income: JP¥4.02b (down 7.6% from 1Q 2023). Profit margin: 5.8% (down from 6.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year. Announcement • Jun 28
NS Solutions Corporation to Report Q1, 2024 Results on Jul 28, 2023 NS Solutions Corporation announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Jun 28
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥240 (up from JP¥218 in FY 2022). Revenue: JP¥291.7b (up 7.9% from FY 2022). Net income: JP¥22.0b (up 10% from FY 2022). Profit margin: 7.5% (up from 7.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 11% per year. Reported Earnings • Apr 29
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥240 (up from JP¥218 in FY 2022). Revenue: JP¥291.7b (up 7.9% from FY 2022). Net income: JP¥22.0b (up 10% from FY 2022). Profit margin: 7.5% (up from 7.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.8%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥35.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 06 June 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Buying Opportunity • Feb 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.2%. The fair value is estimated to be JP¥4,126, 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 4.6%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings is also forecast to grow by 4.1% per annum over the same time period. Reported Earnings • Feb 04
Third quarter 2023 earnings: EPS in line with expectations, revenues disappoint Third quarter 2023 results: EPS: JP¥62.32 (up from JP¥60.83 in 3Q 2022). Revenue: JP¥72.1b (up 11% from 3Q 2022). Net income: JP¥5.70b (up 2.4% from 3Q 2022). Profit margin: 7.9% (down from 8.6% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. 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. Announcement • Jan 09
NS Solutions Corporation to Report Q3, 2023 Results on Feb 03, 2023 NS Solutions Corporation announced that they will report Q3, 2023 results on Feb 03, 2023