Announcement • Jun 26
TIS Inc. to Report Q1, 2027 Results on Jul 30, 2026 TIS Inc. announced that they will report Q1, 2027 results on Jul 30, 2026 Reported Earnings • May 09
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥205 (down from JP¥215 in FY 2025). Revenue: JP¥596.5b (up 4.3% from FY 2025). Net income: JP¥46.6b (down 6.8% from FY 2025). Profit margin: 7.8% (down from 8.7% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10%. Revenue is forecast to grow 3.4% 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 fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Announcement • May 08
TIS Inc., Annual General Meeting, Jun 23, 2026 TIS Inc., Annual General Meeting, Jun 23, 2026. Price Target Changed • Apr 07
Price target decreased by 8.5% to JP¥3,974 Down from JP¥4,344, the current price target is an average from 10 analysts. New target price is 13% above last closing price of JP¥3,515. Stock is down 7.6% over the past year. The company is forecast to post earnings per share of JP¥228 for next year compared to JP¥215 last year. Announcement • Mar 26
TIS Inc. to Report Fiscal Year 2026 Results on May 08, 2026 TIS Inc. announced that they will report fiscal year 2026 results on May 08, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Announcement • Mar 10
TIS Inc. (TSE:3626) announces an Equity Buyback for 20,000,000 shares, representing 8.76% for ¥50,000 million. TIS Inc. (TSE:3626) announces a share repurchase program. Under the program, the company will repurchase 20,000,000 shares, representing 8.76% of the outstanding shares for ¥50,000 million. The purpose of the program is to implement a flexible capital policy that responds flexibly to changes in the business environment and to improve shareholder returns and capital efficiency. The repurchased shares up to a maximum of 5% of the total number of issued shares as treasury stock will be held by the company, and the company will cancel any shares exceeding 5%. The program will run until September 30, 2026. As of February 28, 2026, the company had 228,400,000 shares outstanding (excluding treasury stock) and 10,875,795 shares in treasury. Price Target Changed • Mar 06
Price target decreased by 12% to JP¥4,514 Down from JP¥5,137, the current price target is an average from 10 analysts. New target price is 42% above last closing price of JP¥3,184. Stock is down 24% over the past year. The company is forecast to post earnings per share of JP¥228 for next year compared to JP¥215 last year. Price Target Changed • Mar 03
Price target decreased by 7.2% to JP¥4,964 Down from JP¥5,349, the current price target is an average from 10 analysts. New target price is 62% above last closing price of JP¥3,060. Stock is down 27% over the past year. The company is forecast to post earnings per share of JP¥228 for next year compared to JP¥215 last year. Buy Or Sell Opportunity • Feb 24
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 44% to JP¥2,909. The fair value is estimated to be JP¥3,794, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 2.6%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 5.7% per annum over the same time period. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥3,482, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the IT industry in Japan. Total returns to shareholders of 3.3% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,934 per share. Reported Earnings • Feb 04
Third quarter 2026 earnings released: EPS: JP¥64.10 (vs JP¥58.74 in 3Q 2025) Third quarter 2026 results: EPS: JP¥64.10 (up from JP¥58.74 in 3Q 2025). Revenue: JP¥147.7b (up 4.8% from 3Q 2025). Net income: JP¥14.5b (up 6.1% from 3Q 2025). Profit margin: 9.8% (in line with 3Q 2025). Revenue is forecast to grow 3.7% 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 3% per year whereas the company’s share price has increased by 2% per year. Announcement • Dec 25
TIS Inc. to Report Nine Months, 2026 Results on Feb 03, 2026 TIS Inc. announced that they will report nine months, 2026 results on Feb 03, 2026 Declared Dividend • Dec 06
First half dividend of JP¥38.00 announced Shareholders will receive a dividend of JP¥38.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 1.5%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2026 results: EPS: JP¥49.05 (up from JP¥43.76 in 2Q 2025). Revenue: JP¥148.2b (up 4.7% from 2Q 2025). Net income: JP¥11.2b (up 10% from 2Q 2025). Profit margin: 7.6% (up from 7.2% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to grow 3.4% 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 4% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 25
TIS Inc. to Report First Half, 2026 Results on Oct 31, 2025 TIS Inc. announced that they will report first half, 2026 results on Oct 31, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%). Reported Earnings • Jul 31
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: JP¥54.02 (up from JP¥45.66 in 1Q 2025). Revenue: JP¥140.3b (up 4.7% from 1Q 2025). Net income: JP¥12.5b (up 17% from 1Q 2025). Profit margin: 8.9% (up from 8.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 3.0% 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 6% per year whereas the company’s share price has increased by 8% per year. Declared Dividend • Jul 09
Final dividend of JP¥38.00 announced Shareholders will receive a dividend of JP¥38.00. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 1.6%, 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 (45% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 27
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥215 (up from JP¥203 in FY 2024). Revenue: JP¥571.7b (up 4.1% from FY 2024). Net income: JP¥50.0b (up 2.3% from FY 2024). Profit margin: 8.7% (down from 8.9% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 7.9%. Revenue is forecast to grow 3.1% 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 9% per year whereas the company’s share price has increased by 11% per year. Announcement • Jun 25
TIS Inc. to Report Q1, 2026 Results on Jul 30, 2025 TIS Inc. announced that they will report Q1, 2026 results on Jul 30, 2025 Buy Or Sell Opportunity • May 26
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to JP¥4,644. The fair value is estimated to be JP¥3,830, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 8.7%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 4.3% per annum over the same time period. Price Target Changed • May 18
Price target increased by 7.1% to JP¥4,228 Up from JP¥3,946, the current price target is an average from 8 analysts. New target price is 6.9% below last closing price of JP¥4,540. Stock is up 52% over the past year. The company is forecast to post earnings per share of JP¥215 for next year compared to JP¥215 last year. Buy Or Sell Opportunity • May 09
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to JP¥4,601. The fair value is estimated to be JP¥3,794, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 8.7%. For the next 3 years, revenue is forecast to grow by 2.6% per annum. Earnings are also forecast to grow by 3.1% per annum over the same time period. Announcement • May 08
TIS Inc., Annual General Meeting, Jun 24, 2025 TIS Inc., Annual General Meeting, Jun 24, 2025. Announcement • Apr 25
TIS Inc. (TSE:3626) signed a letter of intent to acquire 86.04% stake in finnovalley co., Ltd. from iRidge, Inc. (TSE:3917). TIS Inc. (TSE:3626) signed a letter of intent to acquire 86.04% stake in finnovalley co., Ltd. from iRidge, Inc. (TSE:3917) on April 25, 2025. The transaction is expected to close in June 2025. Announcement • Mar 25
TIS Inc. to Report Fiscal Year 2025 Results on May 08, 2025 TIS Inc. announced that they will report fiscal year 2025 results on May 08, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥34.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. 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 (3.7%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 05
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: JP¥58.74 (up from JP¥49.38 in 3Q 2024). Revenue: JP¥141.0b (up 2.7% from 3Q 2024). Net income: JP¥13.6b (up 15% from 3Q 2024). Profit margin: 9.7% (up from 8.7% in 3Q 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 13%. Revenue is forecast to grow 3.7% 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 11% per year and the company’s share price has also increased by 11% per year. Buy Or Sell Opportunity • Feb 05
Now 20% overvalued Over the last 90 days, the stock has fallen 1.9% to JP¥3,725. The fair value is estimated to be JP¥3,100, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.0% over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 6.8% in 2 years. Earnings are forecast to grow by 1.5% in the next 2 years. Announcement • Jan 24
TIS Inc. (TSE:3626) acquired NTQ Solution JSC. TIS Inc. (TSE:3626) acquired NTQ Solution JSC on December 24, 2024. Naomichi Nosaka and Kensuke Nakatsuka of Lincoln International acted as financial advisor to TIS Inc.
TIS Inc. (TSE:3626) completed the acquisition of NTQ Solution JSC on December 24, 2024. Announcement • Dec 25
TIS Inc. to Report Q3, 2025 Results on Feb 04, 2025 TIS Inc. announced that they will report Q3, 2025 results on Feb 04, 2025 Declared Dividend • Dec 06
First half dividend of JP¥34.00 announced Shareholders will receive a dividend of JP¥34.00. Ex-date: 28th March 2025 Payment date: 26th 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 (19% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 02
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: JP¥43.76 (up from JP¥42.22 in 2Q 2024). Revenue: JP¥141.5b (up 2.5% from 2Q 2024). Net income: JP¥10.2b (flat on 2Q 2024). Profit margin: 7.2% (down from 7.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates by 3.8%. Revenue is forecast to grow 2.9% 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 15% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Sep 25
TIS Inc. to Report First Half, 2025 Results on Oct 31, 2024 TIS Inc. announced that they will report first half, 2025 results on Oct 31, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥34.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 27% 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%). Buy Or Sell Opportunity • Aug 02
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.1% to JP¥3,120. The fair value is estimated to be JP¥3,988, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 2.9% per annum. Earnings are also forecast to grow by 2.6% per annum over the same time period. Reported Earnings • Aug 01
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: JP¥45.66 (up from JP¥41.94 in 1Q 2024). Revenue: JP¥134.1b (up 3.6% from 1Q 2024). Net income: JP¥10.7b (up 5.2% from 1Q 2024). Profit margin: 8.0% (up from 7.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 2.9% 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 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥34.00 announced Shareholders will receive a dividend of JP¥34.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 2.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 23% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 25
TIS Inc. to Report Q1, 2025 Results on Jul 30, 2024 TIS Inc. announced that they will report Q1, 2025 results on Jul 30, 2024 Announcement • May 10
TIS Inc., Annual General Meeting, Jun 25, 2024 TIS Inc., Annual General Meeting, Jun 25, 2024. Reported Earnings • May 09
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥203 (down from JP¥227 in FY 2023). Revenue: JP¥549.0b (up 8.0% from FY 2023). Net income: JP¥48.9b (down 12% from FY 2023). Profit margin: 8.9% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Revenue is forecast to grow 2.9% 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 24% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • May 09
TIS Inc. (TSE:3626) announces an Equity Buyback for 2,500,000 shares, representing 1.06% for ¥6,500 million. TIS Inc. (TSE:3626) announces a share repurchase program. Under the program, the company will repurchase 2,500,000 shares, representing 1.06% of the outstanding shares for ¥6,200 million. The purpose of the program is to implement agile capital policies that flexibly respond to changes in the business environment and improve shareholder profits and capital efficiency. The program will run until July 31, 2024. As of March 31, 2024, the company had 236,232,177 shares outstanding (excluding treasury stock) and 1,234 shares in treasury. Announcement • Apr 13
TIS Inc. (TSE:3626) agreed to acquire an unknown stake in Meeq Co., Ltd. TIS Inc. (TSE:3626) agreed to acquire an unknown stake in Meeq Co., Ltd. on April 12, 2024. Announcement • Mar 24
TIS Inc. to Report Fiscal Year 2024 Results on May 08, 2024 TIS Inc. announced that they will report fiscal year 2024 results on May 08, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥36.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.4%). Buy Or Sell Opportunity • Feb 13
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 7.8% to JP¥3,392. The fair value is estimated to be JP¥2,789, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings are forecast to decline by 2.8% per annum over the same time period. Reported Earnings • Feb 04
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: JP¥49.38 (down from JP¥54.90 in 3Q 2023). Revenue: JP¥137.3b (up 9.7% from 3Q 2023). Net income: JP¥11.9b (down 11% from 3Q 2023). Profit margin: 8.7% (down from 11% in 3Q 2023). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.7%. Revenue is forecast to grow 2.4% 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 28% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Dec 23
TIS Inc. to Report Q3, 2024 Results on Feb 02, 2024 TIS Inc. announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: JP¥42.22 (up from JP¥41.28 in 2Q 2023). Revenue: JP¥138.1b (up 8.5% from 2Q 2023). Net income: JP¥10.2b (flat on 2Q 2023). Profit margin: 7.4% (down from 7.9% in 2Q 2023). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 4.3%. Revenue is forecast to grow 2.9% 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 29% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Sep 23
TIS Inc. to Report Q2, 2024 Results on Nov 01, 2023 TIS Inc. announced that they will report Q2, 2024 results on Nov 01, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥17.00 per share at 1.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (1.5%). Reported Earnings • Aug 03
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: JP¥41.94 (up from JP¥35.31 in 1Q 2023). Revenue: JP¥129.4b (up 9.6% from 1Q 2023). Net income: JP¥10.1b (up 16% from 1Q 2023). Profit margin: 7.8% (up from 7.4% in 1Q 2023). Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 9.9%. Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Jun 21
TIS Inc. to Report Q1, 2024 Results on Aug 02, 2023 TIS Inc. announced that they will report Q1, 2024 results on Aug 02, 2023 Reported Earnings • May 10
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥227 (up from JP¥158 in FY 2022). Revenue: JP¥508.4b (up 5.4% from FY 2022). Net income: JP¥55.5b (up 41% from FY 2022). Profit margin: 11% (up from 8.2% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Revenue is forecast to grow 3.4% 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 23% per year whereas the company’s share price has increased by 22% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥32.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%). Major Estimate Revision • Mar 01
Consensus EPS estimates increase by 17% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from JP¥185 to JP¥216. Revenue forecast steady at JP¥506.8b. Net income forecast to grow 7.0% next year vs 9.9% growth forecast for IT industry in Japan. Consensus price target down from JP¥4,118 to JP¥4,033. Share price rose 2.6% to JP¥3,380 over the past week. Reported Earnings • Feb 04
Third quarter 2023 earnings: EPS exceeds analyst expectations Third quarter 2023 results: EPS: JP¥54.90 (down from JP¥55.67 in 3Q 2022). Revenue: JP¥125.1b (up 5.3% from 3Q 2022). Net income: JP¥13.3b (down 4.1% from 3Q 2022). Profit margin: 11% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 28%. Revenue is forecast to grow 3.5% 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 18% per year whereas the company’s share price has increased by 16% per year.