Reported Earnings • Jun 14
First quarter 2027 earnings released: EPS: JP¥5.09 (vs JP¥17.23 loss in 1Q 2026) First quarter 2027 results: EPS: JP¥5.09 (up from JP¥17.23 loss in 1Q 2026). Revenue: JP¥11.2b (down 12% from 1Q 2026). Net income: JP¥180.0m (up JP¥789.1m from 1Q 2026). Profit margin: 1.6% (up from net loss in 1Q 2026). 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 fallen by 52% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Declared Dividend • May 25
Final dividend of JP¥8.00 announced Dividend of JP¥8.00 is the same as last year. Ex-date: 30th July 2026 Payment date: 13th October 2026 Dividend yield will be 5.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having 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 5.9% 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. Announcement • Apr 23
Pole To Win Holdings, Inc. to Report Q1, 2027 Results on Jun 12, 2026 Pole To Win Holdings, Inc. announced that they will report Q1, 2027 results on Jun 12, 2026 Announcement • Mar 17
Pole To Win Holdings, Inc., Annual General Meeting, Apr 23, 2026 Pole To Win Holdings, Inc., Annual General Meeting, Apr 23, 2026. Announcement • Jan 23
Pole To Win Holdings, Inc. to Report Fiscal Year 2026 Results on Mar 17, 2026 Pole To Win Holdings, Inc. announced that they will report fiscal year 2026 results on Mar 17, 2026 Upcoming Dividend • Jan 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 January 2026. Payment date: 27 April 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.2%). Reported Earnings • Dec 11
Third quarter 2026 earnings released: EPS: JP¥4.39 (vs JP¥1.21 loss in 3Q 2025) Third quarter 2026 results: EPS: JP¥4.39 (up from JP¥1.21 loss in 3Q 2025). Revenue: JP¥12.3b (down 5.0% from 3Q 2025). Net income: JP¥155.2m (up JP¥197.8m from 3Q 2025). Profit margin: 1.3% (up from net loss in 3Q 2025). Revenue is forecast to grow 6.5% 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, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. Announcement • Oct 22
Pole To Win Holdings, Inc. to Report Q3, 2026 Results on Dec 09, 2025 Pole To Win Holdings, Inc. announced that they will report Q3, 2026 results on Dec 09, 2025 Declared Dividend • Oct 11
First half dividend of JP¥8.00 announced Dividend of JP¥8.00 is the same as last year. Ex-date: 29th January 2026 Payment date: 27th April 2026 Dividend yield will be 4.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having 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 5.9% 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. Reported Earnings • Sep 14
Second quarter 2026 earnings released: EPS: JP¥6.14 (vs JP¥6.22 in 2Q 2025) Second quarter 2026 results: EPS: JP¥6.14 (down from JP¥6.22 in 2Q 2025). Revenue: JP¥11.9b (down 3.3% from 2Q 2025). Net income: JP¥217.1m (down 1.3% from 2Q 2025). Profit margin: 1.8% (in line with 2Q 2025). Revenue is forecast to grow 5.8% 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, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Sep 12
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥377. The fair value is estimated to be JP¥304, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jul 28
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 5.3% to JP¥379. The fair value is estimated to be JP¥315, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Jul 23
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 30 July 2025. Payment date: 08 October 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.4%). Announcement • Jul 22
Pole To Win Holdings, Inc. to Report Q2, 2026 Results on Sep 12, 2025 Pole To Win Holdings, Inc. announced that they will report Q2, 2026 results on Sep 12, 2025 Buy Or Sell Opportunity • Jun 30
Now 21% overvalued Over the last 90 days, the stock has fallen 6.0% to JP¥363. The fair value is estimated to be JP¥301, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jun 24
Masataka Mikami and Kazuki Kogishi enter into a share transfer agreement to acquire an additional 90% stake in HIKE Inc. from Pole To Win Holdings, Inc. (TSE:3657) in a management buyout transaction for ¥500 million. Masataka Mikami and Kazuki Kogishi enter into a share transfer agreement to acquire an additional 90% stake in HIKE Inc. from Pole To Win Holdings, Inc. (TSE:3657) in a management buyout transaction for ¥500 million on June 24, 2025. For the period ending January 31, 2025, HIKE Inc. reported total revenue of ¥4.99 billion, operating loss of ¥577 million and net loss of ¥629 million. As of January 31, 2025, HIKE Inc. reported total assets of ¥3.79 billion and net liabilities of ¥2.37 billion.
The expected completion of the transaction is June 24, 2025. Reported Earnings • Jun 11
First quarter 2026 earnings released: JP¥17.23 loss per share (vs JP¥11.43 loss in 1Q 2025) First quarter 2026 results: JP¥17.23 loss per share (further deteriorated from JP¥11.43 loss in 1Q 2025). Revenue: JP¥12.8b (up 6.7% from 1Q 2025). Net loss: JP¥609.1m (loss widened 51% from 1Q 2025). Revenue is forecast to grow 5.1% 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, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Jun 09
Now 20% overvalued Over the last 90 days, the stock has fallen 16% to JP¥370. The fair value is estimated to be JP¥308, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • May 08
Final dividend of JP¥8.00 announced Shareholders will receive a dividend of JP¥8.00. Ex-date: 30th July 2025 Payment date: 8th October 2025 Dividend yield will be 4.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having 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 5.9% 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. Announcement • Apr 23
Pole To Win Holdings, Inc. to Report Q1, 2026 Results on Jun 10, 2025 Pole To Win Holdings, Inc. announced that they will report Q1, 2026 results on Jun 10, 2025 Buy Or Sell Opportunity • Apr 04
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to JP¥340. The fair value is estimated to be JP¥441, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company became loss making. New Risk • Mar 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.5b (US$97.9m) 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 Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (JP¥14.5b market cap, or US$97.9m). Reported Earnings • Mar 15
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: JP¥19.57 loss per share (improved from JP¥54.55 loss in FY 2024). Revenue: JP¥52.2b (up 11% from FY 2024). Net loss: JP¥692.0m (loss narrowed 65% from FY 2024). Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the IT industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Announcement • Mar 14
Pole To Win Holdings, Inc., Annual General Meeting, Apr 24, 2025 Pole To Win Holdings, Inc., Annual General Meeting, Apr 24, 2025. Announcement • Jan 24
Pole To Win Holdings, Inc. to Report Fiscal Year 2025 Results on Mar 14, 2025 Pole To Win Holdings, Inc. announced that they will report fiscal year 2025 results on Mar 14, 2025 Upcoming Dividend • Jan 23
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 30 January 2025. Payment date: 28 April 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Buy Or Sell Opportunity • Jan 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.5% to JP¥429. The fair value is estimated to be JP¥538, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Dec 12
Third quarter 2025 earnings released: JP¥1.19 loss per share (vs JP¥1.78 profit in 3Q 2024) Third quarter 2025 results: JP¥1.19 loss per share (down from JP¥1.78 profit in 3Q 2024). Revenue: JP¥13.0b (up 8.8% from 3Q 2024). Net loss: JP¥42.0m (down 167% from profit in 3Q 2024). Revenue is forecast to grow 6.7% 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, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. New Risk • Dec 11
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 5.3% 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: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Market cap is less than US$100m (JP¥15.2b market cap, or US$99.9m). Buy Or Sell Opportunity • Dec 11
Now 27% undervalued The stock has been flat over the last 90 days, currently trading at JP¥430. The fair value is estimated to be JP¥587, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making. Announcement • Oct 23
Pole To Win Holdings, Inc. to Report Q3, 2025 Results on Dec 10, 2024 Pole To Win Holdings, Inc. announced that they will report Q3, 2025 results on Dec 10, 2024 Price Target Changed • Oct 09
Price target increased by 12% to JP¥480 Up from JP¥430, the current price target is provided by 1 analyst. New target price is 5.0% above last closing price of JP¥457. Stock is down 5.2% over the past year. The company is forecast to post earnings per share of JP¥11.30 next year compared to a net loss per share of JP¥54.55 last year. Declared Dividend • Oct 09
First half dividend of JP¥8.00 announced Shareholders will receive a dividend of JP¥8.00. Ex-date: 30th January 2025 Payment date: 28th April 2025 Dividend yield will be 3.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having 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 7.2% 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. Buy Or Sell Opportunity • Sep 30
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.7% to JP¥432. The fair value is estimated to be JP¥559, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company became loss making. Declared Dividend • Sep 12
First half dividend of JP¥8.00 announced Shareholders will receive a dividend of JP¥8.00. Ex-date: 30th January 2025 Payment date: 28th April 2025 Dividend yield will be 3.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having 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 7.2% 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. Reported Earnings • Sep 11
Second quarter 2025 earnings released: EPS: JP¥6.22 (vs JP¥12.35 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥6.22 (up from JP¥12.35 loss in 2Q 2024). Revenue: JP¥12.3b (up 8.2% from 2Q 2024). Net income: JP¥220.0m (up JP¥669.0m from 2Q 2024). Profit margin: 1.8% (up from net loss in 2Q 2024). Revenue is forecast to grow 6.5% 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, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. New Risk • Aug 05
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 5.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (JP¥12.1b market cap, or US$84.9m). New Risk • Jul 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.3b (US$98.7m) 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 Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (JP¥15.3b market cap, or US$98.7m). Announcement • Jul 25
Pole To Win Holdings, Inc. to Report Q2, 2025 Results on Sep 10, 2024 Pole To Win Holdings, Inc. announced that they will report Q2, 2025 results on Sep 10, 2024 Announcement • Jul 10
Pole To Win Holdings, Inc. Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal Year Ending January 31, 2025 Pole To Win Holdings, Inc. provided dividend guidance for the second quarter and full year of fiscal year ending January 31, 2025. For the second quarter, the company expects dividend of JPY 8.00 per share.For the full year, the company expects dividend of JPY 8.00 per share compared to JPY 16.00 per share a year ago. Reported Earnings • Jun 09
First quarter 2025 earnings released: JP¥11.43 loss per share (vs JP¥2.56 profit in 1Q 2024) First quarter 2025 results: JP¥11.43 loss per share (down from JP¥2.56 profit in 1Q 2024). Revenue: JP¥12.0b (up 9.3% from 1Q 2024). Net loss: JP¥404.0m (down JP¥499.0m from profit in 1Q 2024). Revenue is forecast to grow 6.6% 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, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Announcement • Apr 26
Pole To Win Holdings, Inc. to Report Q1, 2025 Results on Jun 07, 2024 Pole To Win Holdings, Inc. announced that they will report Q1, 2025 results on Jun 07, 2024 Announcement • Mar 14
Pole To Win Holdings, Inc., Annual General Meeting, Apr 25, 2024 Pole To Win Holdings, Inc., Annual General Meeting, Apr 25, 2024. Reported Earnings • Mar 13
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: JP¥50.25 loss per share (down from JP¥21.18 profit in FY 2023). Revenue: JP¥47.0b (up 18% from FY 2023). Net loss: JP¥1.81b (down 328% from profit in FY 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the IT industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. New Risk • Feb 07
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 5.5% 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: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Share price has been volatile over the past 3 months (5.5% average weekly change). Announcement • Jan 24
Pole To Win Holdings, Inc. to Report Fiscal Year 2024 Results on Mar 12, 2024 Pole To Win Holdings, Inc. announced that they will report fiscal year 2024 results on Mar 12, 2024 Upcoming Dividend • Jan 23
Upcoming dividend of JP¥16.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 30 January 2024. Payment date: 30 April 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). Reported Earnings • Dec 15
Third quarter 2024 earnings released: EPS: JP¥1.78 (vs JP¥10.11 in 3Q 2023) Third quarter 2024 results: EPS: JP¥1.78 (down from JP¥10.11 in 3Q 2023). Revenue: JP¥11.9b (up 14% from 3Q 2023). Net income: JP¥63.0m (down 83% from 3Q 2023). Profit margin: 0.5% (down from 3.6% in 3Q 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Buying Opportunity • Dec 13
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be JP¥577, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 35%. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 400% in the next 2 years. Announcement • Oct 27
Pole To Win Holdings, Inc. to Report Q3, 2024 Results on Dec 12, 2023 Pole To Win Holdings, Inc. announced that they will report Q3, 2024 results on Dec 12, 2023 Buying Opportunity • Oct 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 37%. The fair value is estimated to be JP¥610, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 35%. Revenue is forecast to grow by 27% in 2 years. Earnings is forecast to grow by 400% in the next 2 years. Major Estimate Revision • Oct 06
Consensus EPS estimates fall by 72% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥47.5b to JP¥47.0b. EPS estimate also fell from JP¥44.60 per share to JP¥12.70 per share. Net income forecast to grow 212% next year vs 17% growth forecast for IT industry in Japan. Consensus price target down from JP¥910 to JP¥600. Share price fell 9.3% to JP¥478 over the past week. Valuation Update With 7 Day Price Move • Sep 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥550, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the IT industry in Japan. Total loss to shareholders of 39% over the past three years. Reported Earnings • Sep 17
Second quarter 2024 earnings released: JP¥12.35 loss per share (vs JP¥5.84 loss in 2Q 2023) Second quarter 2024 results: JP¥12.35 loss per share (further deteriorated from JP¥5.84 loss in 2Q 2023). Revenue: JP¥11.4b (up 13% from 2Q 2023). Net loss: JP¥449.0m (loss widened 105% from 2Q 2023). Revenue is forecast to grow 10% 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 fallen by 35% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Jul 24
Pole To Win Holdings, Inc. to Report Q2, 2024 Results on Sep 08, 2023 Pole To Win Holdings, Inc. announced that they will report Q2, 2024 results on Sep 08, 2023 Major Estimate Revision • Jul 12
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥53.60 to JP¥44.60. Revenue forecast unchanged from JP¥47.5b at last update. Net income forecast to grow 240% next year vs 13% growth forecast for IT industry in Japan. Consensus price target down from JP¥950 to JP¥910. Share price was steady at JP¥753 over the past week. Buying Opportunity • Jul 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be JP¥937, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has declined by 22%. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 341% in the next 2 years. Reported Earnings • Jun 12
First quarter 2024 earnings released: EPS: JP¥2.56 (vs JP¥10.08 in 1Q 2023) First quarter 2024 results: EPS: JP¥2.56 (down from JP¥10.08 in 1Q 2023). Revenue: JP¥10.9b (up 14% from 1Q 2023). Net income: JP¥95.0m (down 75% from 1Q 2023). Profit margin: 0.9% (down from 4.0% in 1Q 2023). Revenue is forecast to grow 11% 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 fallen by 22% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • May 03
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥21.18 (down from JP¥59.16 in FY 2022). Revenue: JP¥39.9b (up 17% from FY 2022). Net income: JP¥795.0m (down 65% from FY 2022). Profit margin: 2.0% (down from 6.5% in FY 2022). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 11% 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 fallen by 11% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Major Estimate Revision • Mar 30
Consensus revenue estimates increase by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast increased from JP¥42.5b to JP¥47.5b. EPS estimate unchanged at JP¥53.60. Net income forecast to grow 152% next year vs 9.5% growth forecast for IT industry in Japan. Consensus price target of JP¥950 unchanged from last update. Share price rose 3.2% to JP¥901 over the past week. Reported Earnings • Mar 15
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥21.18 (down from JP¥59.16 in FY 2022). Revenue: JP¥39.9b (up 17% from FY 2022). Net income: JP¥795.0m (down 65% from FY 2022). Profit margin: 2.0% (down from 6.5% in FY 2022). Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 6.1% 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 fallen by 11% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Jan 25
Pole To Win Holdings, Inc. to Report Fiscal Year 2023 Results on Mar 14, 2023 Pole To Win Holdings, Inc. announced that they will report fiscal year 2023 results on Mar 14, 2023 Upcoming Dividend • Jan 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 January 2023. Payment date: 24 April 2023. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.7%). Price Target Changed • Dec 28
Price target decreased to JP¥950 Down from JP¥1,270, the current price target is provided by 1 analyst. New target price is 19% above last closing price of JP¥796. Stock is down 23% over the past year. The company is forecast to post earnings per share of JP¥29.30 for next year compared to JP¥59.16 last year. Reported Earnings • Dec 12
Third quarter 2023 earnings released: EPS: JP¥10.11 (vs JP¥18.90 in 3Q 2022) Third quarter 2023 results: EPS: JP¥10.11 (down from JP¥18.90 in 3Q 2022). Revenue: JP¥10.5b (up 18% from 3Q 2022). Net income: JP¥379.0m (down 47% from 3Q 2022). Profit margin: 3.6% (down from 8.1% in 3Q 2022). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the IT industry in Japan. 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 4% per year. Announcement • Dec 09
Pole To Win Holdings, Inc. (TSE:3657) announces an Equity Buyback for 800,000 shares, representing 2.13% for ¥700 million. Pole To Win Holdings, Inc. (TSE:3657) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 2.13% for ¥700 million. The purpose of the program is to enhance capital efficiency, shareholders return measures and to implement a flexible capital policy in response to changes in the business environment. The repurchase program will expire on June 30, 2023. As of November 30, 2022, the company had 37,492,070 shares outstanding and 663,930 shares in treasury. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 4 experienced directors. 5 highly experienced directors. 3 independent directors (7 non-independent directors). Independent Outside Director Masaharu Tsutsumi was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Oct 23
Pole To Win Holdings, Inc. to Report Q3, 2023 Results on Dec 09, 2022 Pole To Win Holdings, Inc. announced that they will report Q3, 2023 results on Dec 09, 2022 Major Estimate Revision • Oct 07
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from JP¥68.90 to JP¥45.30. Revenue forecast unchanged from JP¥40.0b at last update. Net income forecast to grow 47% next year vs 13% growth forecast for IT industry in Japan. Consensus price target of JP¥1,350 unchanged from last update. Share price rose 3.9% to JP¥962 over the past week. Announcement • Sep 29
Pole to Win Holdings, Inc. Updates Consolidated Earnings Guidance for Fiscal Year Ending January 31, 2023 Pole To Win Holdings, Inc. provided Updates consolidated earnings guidance for Fiscal year ending January 31, 2023. For the period, the company expected net sales of JPY 40,088 million, operating income of JPY 4,002 million, net income attributable to owners of parent of JPY 1800 million or JPY 47.18 per basic share. Reported Earnings • Sep 12
Second quarter 2023 earnings released: JP¥5.84 loss per share (vs JP¥9.98 profit in 2Q 2022) Second quarter 2023 results: JP¥5.84 loss per share (down from JP¥9.98 profit in 2Q 2022). Revenue: JP¥10.1b (up 35% from 2Q 2022). Net loss: JP¥219.0m (down 158% from profit in 2Q 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 6.8% 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 fallen by 2% per year. Announcement • Jul 28
Pole To Win Holdings, Inc. to Report Q2, 2023 Results on Sep 09, 2022 Pole To Win Holdings, Inc. announced that they will report Q2, 2023 results on Sep 09, 2022 Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥880, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 22% over the past three years. Reported Earnings • Jun 14
First quarter 2023 earnings released: EPS: JP¥10.08 (vs JP¥13.99 in 1Q 2022) First quarter 2023 results: EPS: JP¥10.08 (down from JP¥13.99 in 1Q 2022). Revenue: JP¥9.61b (up 20% from 1Q 2022). Net income: JP¥380.0m (down 28% from 1Q 2022). Profit margin: 4.0% (down from 6.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 13%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 5 experienced directors. 5 highly experienced directors. 3 independent directors (8 non-independent directors). Independent Outside Director Masaharu Tsutsumi was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 24
Poletowin Pitcrew Holdings, Inc. to Report Q1, 2023 Results on Jun 10, 2022 Poletowin Pitcrew Holdings, Inc. announced that they will report Q1, 2023 results on Jun 10, 2022 Reported Earnings • Mar 15
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat Full year 2022 results: EPS: JP¥59.16 (up from JP¥55.96 in FY 2021). Revenue: JP¥34.3b (up 28% from FY 2021). Net income: JP¥2.24b (up 5.8% from FY 2021). Profit margin: 6.5% (down from 7.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 6.9%, compared to a 7.3% growth forecast for the 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 5% per year. Announcement • Jan 28
Poletowin Pitcrew Holdings, Inc. to Report Fiscal Year 2022 Results on Mar 14, 2022 Poletowin Pitcrew Holdings, Inc. announced that they will report fiscal year 2022 results on Mar 14, 2022 Upcoming Dividend • Jan 21
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 28 January 2022. Payment date: 23 April 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (1.4%).