Board Change • Jul 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 1 highly experienced director. Chairman Hideyuki Hongo is the most experienced director on the board, commencing their role in 1996. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jun 01
Startia Holdings,Inc. to Report Q1, 2027 Results on Aug 07, 2026 Startia Holdings,Inc. announced that they will report Q1, 2027 results on Aug 07, 2026 Reported Earnings • May 20
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥248 (up from JP¥206 in FY 2025). Revenue: JP¥23.8b (up 7.1% from FY 2025). Net income: JP¥2.32b (up 18% from FY 2025). Profit margin: 9.7% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.4%. Revenue is forecast to grow 4.1% 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 18% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 18
Startia Holdings,Inc., Annual General Meeting, Jun 18, 2026 Startia Holdings,Inc., Annual General Meeting, Jun 18, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥81.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Buy Or Sell Opportunity • Mar 02
Now 20% undervalued Over the last 90 days, the stock has risen 16% to JP¥3,005. The fair value is estimated to be JP¥3,760, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 8.1% per annum. Earnings are also forecast to grow by 14% per annum over the same time period. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥64.70 (vs JP¥41.21 in 3Q 2025) Third quarter 2026 results: EPS: JP¥64.70 (up from JP¥41.21 in 3Q 2025). Revenue: JP¥5.80b (up 7.2% from 3Q 2025). Net income: JP¥605.0m (up 54% from 3Q 2025). Profit margin: 10% (up from 7.3% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% 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 13% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Feb 15
Dividend of JP¥81.00 announced Shareholders will receive a dividend of JP¥81.00. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 5.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 30% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Dec 05
Startia Holdings,Inc. to Report Q3, 2026 Results on Feb 13, 2026 Startia Holdings,Inc. announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥57.11 (vs JP¥54.49 in 2Q 2025) Second quarter 2026 results: EPS: JP¥57.11 (up from JP¥54.49 in 2Q 2025). Revenue: JP¥5.88b (up 6.6% from 2Q 2025). Net income: JP¥534.0m (up 1.9% from 2Q 2025). Profit margin: 9.1% (in line with 2Q 2025). Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 5.1% 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. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥54.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 09 December 2025. Payout ratio is a comfortable 58% and the cash payout ratio is 81%. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%). Board Change • Sep 11
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Outside Independent Director Kyouta Matsunaga was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 02
Startia Holdings,Inc. to Report Q2, 2026 Results on Nov 07, 2025 Startia Holdings,Inc. announced that they will report Q2, 2026 results on Nov 07, 2025 Declared Dividend • Aug 11
Dividend of JP¥54.00 announced Shareholders will receive a dividend of JP¥54.00. Ex-date: 29th September 2025 Payment date: 9th December 2025 Dividend yield will be 4.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (58% earnings payout ratio) and cash flows (81% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 67% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 11
First quarter 2026 earnings released: EPS: JP¥42.77 (vs JP¥52.01 in 1Q 2025) First quarter 2026 results: EPS: JP¥42.77 (down from JP¥52.01 in 1Q 2025). Revenue: JP¥5.64b (up 7.2% from 1Q 2025). Net income: JP¥402.0m (down 18% from 1Q 2025). Profit margin: 7.1% (down from 9.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 27
Startia Holdings,Inc. to Report Q1, 2026 Results on Aug 08, 2025 Startia Holdings,Inc. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • Jun 21
Full year 2025 earnings released: EPS: JP¥206 (vs JP¥165 in FY 2024) Full year 2025 results: EPS: JP¥206 (up from JP¥165 in FY 2024). Revenue: JP¥22.2b (up 14% from FY 2024). Net income: JP¥1.96b (up 27% from FY 2024). Profit margin: 8.8% (up from 7.9% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 22
Startia Holdings,Inc. (TSE:3393) announces an Equity Buyback for 150,000 shares, for ¥450 million. Startia Holdings,Inc. (TSE:3393) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 1.51% of its issued share capital (excluding treasury stock), for a total purchase price of ¥450 million. The shares will be repurchased at ¥2,405 per share. The purpose of the program is to implement flexible capital policies in response to changes in the business environment and to increase shareholder value. As of May 22, 2025, the company has 9,906,570 issued shares (excluding treasury stock) and 333,830 treasury shares. Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥206 (vs JP¥165 in FY 2024) Full year 2025 results: EPS: JP¥206 (up from JP¥165 in FY 2024). Revenue: JP¥22.2b (up 14% from FY 2024). Net income: JP¥1.96b (up 27% from FY 2024). Profit margin: 8.8% (up from 7.9% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,426, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 338% over the past three years. Announcement • May 14
Startia Holdings,Inc., Annual General Meeting, Jun 20, 2025 Startia Holdings,Inc., Annual General Meeting, Jun 20, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,849, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 15x in the IT industry in Japan. Total returns to shareholders of 255% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥56.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 41% and the cash payout ratio is 76%. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%). Announcement • Mar 05
Startia Holdings,Inc. to Report Fiscal Year 2025 Results on May 14, 2025 Startia Holdings,Inc. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on May 14, 2025 Reported Earnings • Feb 17
Third quarter 2025 earnings released: EPS: JP¥41.14 (vs JP¥20.07 in 3Q 2024) Third quarter 2025 results: EPS: JP¥41.14 (up from JP¥20.07 in 3Q 2024). Revenue: JP¥5.41b (up 20% from 3Q 2024). Net income: JP¥392.0m (up 109% from 3Q 2024). Profit margin: 7.2% (up from 4.2% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Feb 17
Dividend of JP¥56.00 announced Shareholders will receive a dividend of JP¥56.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 4.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (18% earnings payout ratio) and cash flows (76% cash payout ratio). The dividend has increased by an average of 37% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 51% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jan 17
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 5.0% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.0% average weekly change). Announcement • Dec 03
Startia Holdings,Inc. to Report Q3, 2025 Results on Feb 14, 2025 Startia Holdings,Inc. announced that they will report Q3, 2025 results on Feb 14, 2025 Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,260, the stock trades at a trailing P/E ratio of 12.7x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 97% over the past three years. Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥54.49 (vs JP¥44.43 in 2Q 2024) Second quarter 2025 results: EPS: JP¥54.49 (up from JP¥44.43 in 2Q 2024). Revenue: JP¥5.51b (up 11% from 2Q 2024). Net income: JP¥524.0m (up 26% from 2Q 2024). Profit margin: 9.5% (up from 8.3% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Nov 08
Startia Holdings,Inc. (TSE:3393) announces an Equity Buyback for 155,000 shares, representing 1.61% for ¥304.58 million. Startia Holdings,Inc. (TSE:3393) announces a share repurchase program. Under the program, the company will repurchase up to 155,000 shares, representing 1.61% of its issued share capital (excluding treasury stock), for a total purchase price of ¥304.58 million. The shares will be repurchased at ¥1,965 per share. The purpose of the program is r to implement flexible capital policies in response to changes in the business environment and to increase shareholder value. As of November 8, 2024, the company has 9,614,570 issued shares (excluding treasury stock) and 625,830 treasury shares. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥46.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 11 December 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Announcement • Aug 28
Startia Holdings,Inc. to Report Q2, 2025 Results on Nov 08, 2024 Startia Holdings,Inc. announced that they will report Q2, 2025 results on Nov 08, 2024 Declared Dividend • Aug 22
Dividend of JP¥46.00 announced Shareholders will receive a dividend of JP¥46.00. Ex-date: 27th September 2024 Payment date: 11th December 2024 Dividend yield will be 4.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 37% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 48% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Aug 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: JP¥52.01 (vs JP¥46.70 in 1Q 2024) First quarter 2025 results: EPS: JP¥52.01 (up from JP¥46.70 in 1Q 2024). Revenue: JP¥5.26b (up 6.6% from 1Q 2024). Net income: JP¥489.0m (up 12% from 1Q 2024). Profit margin: 9.3% (up from 8.8% 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 45% per year but the company’s share price has only increased by 6% 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¥1,817, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 17x in the IT industry in Japan. Negligible returns to shareholders over past three years. Reported Earnings • Jun 26
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥165 (up from JP¥135 in FY 2023). Revenue: JP¥19.6b (down 2.2% from FY 2023). Net income: JP¥1.55b (up 28% from FY 2023). Profit margin: 7.9% (up from 6.1% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 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 58% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Jun 06
Startia Holdings,Inc. to Report Q1, 2025 Results on Aug 09, 2024 Startia Holdings,Inc. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 21
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥165 (up from JP¥135 in FY 2023). Revenue: JP¥19.6b (down 2.2% from FY 2023). Net income: JP¥1.55b (up 28% from FY 2023). Profit margin: 7.9% (up from 6.1% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 16%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 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 58% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • May 17
Startia Holdings,Inc., Annual General Meeting, Jun 21, 2024 Startia Holdings,Inc., Annual General Meeting, Jun 21, 2024. New Risk • May 16
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 8.6% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 35% After last week's 35% share price gain to JP¥1,980, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 78% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥39.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Announcement • Mar 02
Startia Holdings,Inc. to Report Fiscal Year 2024 Results on May 15, 2024 Startia Holdings,Inc. announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥20.07 (vs JP¥31.30 in 3Q 2023) Third quarter 2024 results: EPS: JP¥20.07 (down from JP¥31.30 in 3Q 2023). Revenue: JP¥4.52b (down 8.6% from 3Q 2023). Net income: JP¥188.0m (down 34% from 3Q 2023). Profit margin: 4.2% (down from 5.8% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% 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 71% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • Nov 29
Startia Holdings,Inc. to Report Q3, 2024 Results on Feb 09, 2024 Startia Holdings,Inc. announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥44.43 (vs JP¥58.31 in 2Q 2023) Second quarter 2024 results: EPS: JP¥44.43 (down from JP¥58.31 in 2Q 2023). Revenue: JP¥4.97b (down 3.7% from 2Q 2023). Net income: JP¥415.0m (down 19% from 2Q 2023). Profit margin: 8.3% (down from 9.9% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 2 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 84% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,253, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 94% over the past three years. New Risk • Oct 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.5b (US$97.7m) 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: Major Risks Share price has been highly volatile over the past 3 months (7.5% average weekly change). Earnings are forecast to decline by an average of 1.3% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (7.0% increase in shares outstanding). Market cap is less than US$100m (JP¥14.5b market cap, or US$97.7m). Upcoming Dividend • Sep 21
Upcoming dividend of JP¥21.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 12 December 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Announcement • Aug 30
Startia Holdings,Inc. to Report Q2, 2024 Results on Nov 10, 2023 Startia Holdings,Inc. announced that they will report Q2, 2024 results on Nov 10, 2023 Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to JP¥1,511, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 178% over the past three years. New Risk • Aug 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.3% average weekly change). Shareholders have been diluted in the past year (7.0% increase in shares outstanding). Market cap is less than US$100m (JP¥11.1b market cap, or US$76.4m). Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥46.70 (vs JP¥18.67 in 1Q 2023) First quarter 2024 results: EPS: JP¥46.70 (up from JP¥18.67 in 1Q 2023). Revenue: JP¥4.93b (up 6.5% from 1Q 2023). Net income: JP¥436.0m (up 168% from 1Q 2023). Profit margin: 8.8% (up from 3.5% in 1Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 2 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 93% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Board Change • Jul 27
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 Yuko Furuichi 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. Reported Earnings • Jun 28
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥135 (up from JP¥99.97 in FY 2022). Revenue: JP¥20.0b (up 25% from FY 2022). Net income: JP¥1.21b (up 27% from FY 2022). Profit margin: 6.1% (up from 6.0% 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 16%. Revenue is forecast to grow 3.2% p.a. on average during the next 2 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 95% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,358, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 131% over the past three years. Announcement • Jun 02
Startia Holdings,Inc. to Report Q1, 2024 Results on Aug 10, 2023 Startia Holdings,Inc. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 18
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥135 (up from JP¥99.97 in FY 2022). Revenue: JP¥20.0b (up 25% from FY 2022). Net income: JP¥1.21b (up 27% from FY 2022). Profit margin: 6.1% (up from 6.0% 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 16%. Revenue is forecast to grow 4.3% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥1,200, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 103% over the past three years. Announcement • May 13
Startia Holdings,Inc., Annual General Meeting, Jun 22, 2023 Startia Holdings,Inc., Annual General Meeting, Jun 22, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥29.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 7.0% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%). Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥1,265, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 135% over the past three years. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥31.30 (vs JP¥0.10 in 3Q 2022) Third quarter 2023 results: EPS: JP¥31.30 (up from JP¥0.10 in 3Q 2022). Revenue: JP¥4.94b (up 27% from 3Q 2022). Net income: JP¥285.0m (up JP¥284.0m from 3Q 2022). Profit margin: 5.8% (up from 0% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Dec 28
Startia Holdings,Inc. to Report Q3, 2023 Results on Feb 10, 2023 Startia Holdings,Inc. announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥58.31 (vs JP¥43.23 in 2Q 2022) Second quarter 2023 results: EPS: JP¥58.31 (up from JP¥43.23 in 2Q 2022). Revenue: JP¥5.16b (up 45% from 2Q 2022). Net income: JP¥509.0m (up 19% from 2Q 2022). Profit margin: 9.9% (down from 12% in 2Q 2022). Revenue is forecast to grow 1.9% p.a. on average during the next 2 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 83% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥58.31 (vs JP¥43.23 in 2Q 2022) Second quarter 2023 results: EPS: JP¥58.31 (up from JP¥43.23 in 2Q 2022). Revenue: JP¥5.16b (up 45% from 2Q 2022). Net income: JP¥509.0m (up 19% from 2Q 2022). Profit margin: 9.9% (down from 12% in 2Q 2022). Revenue is forecast to grow 1.9% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,074, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 17x in the IT industry in Japan. Total returns to shareholders of 101% over the past three years. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 13 December 2022. Payout ratio is a comfortable 8.9% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%). Announcement • Aug 28
Startia Holdings,Inc. to Report Q2, 2023 Results on Nov 11, 2022 Startia Holdings,Inc. announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥18.67 (vs JP¥3.44 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥18.67 (up from JP¥3.44 loss in 1Q 2022). Revenue: JP¥4.64b (up 35% from 1Q 2022). Net income: JP¥163.0m (up JP¥197.0m from 1Q 2022). Profit margin: 3.5% (up from net loss in 1Q 2022). Over the next year, revenue is forecast to grow 7.4%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Jun 23
Startia Holdings,Inc. to Report Q1, 2023 Results on Aug 10, 2022 Startia Holdings,Inc. announced that they will report Q1, 2023 results on Aug 10, 2022 Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥854, the stock trades at a trailing P/E ratio of 7.8x. Average trailing P/E is 19x in the IT industry in Japan. Total returns to shareholders of 72% over the past three years. Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥99.97 (vs JP¥13.19 loss in FY 2021) Full year 2022 results: EPS: JP¥99.97 (up from JP¥13.19 loss in FY 2021). Revenue: JP¥16.0b (up 20% from FY 2021). Net income: JP¥958.0m (up JP¥1.09b from FY 2021). Profit margin: 6.0% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 22% share price gain to JP¥660, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 24% over the past three years. Announcement • May 15
Startia Holdings,Inc., Annual General Meeting, Jun 23, 2022 Startia Holdings,Inc., Annual General Meeting, Jun 23, 2022. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥576, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 2.0% over the past three years. Announcement • Apr 07
Startia Holdings,Inc. to Report Fiscal Year 2022 Results on May 13, 2022 Startia Holdings,Inc. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 27 June 2022. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥506, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 3.3% over the past three years.