Reported Earnings • Feb 14
First quarter 2026 earnings released: EPS: JP¥4.98 (vs JP¥19.33 in 1Q 2025) First quarter 2026 results: EPS: JP¥4.98 (down from JP¥19.33 in 1Q 2025). Revenue: JP¥803.0m (down 6.7% from 1Q 2025). Net income: JP¥26.0m (down 74% from 1Q 2025). Profit margin: 3.2% (down from 12% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Dec 27
CRI Middleware Co., Ltd. to Report Q1, 2026 Results on Feb 12, 2026 CRI Middleware Co., Ltd. announced that they will report Q1, 2026 results on Feb 12, 2026 Announcement • Dec 06
CRI Middleware Co., Ltd. to Unveil Ultra-Low-Heat GaN-Powered Full Digital Amplifier at CES 2026, Redefining Sound Architecture for Mobility CRI Middleware Co., Ltd. will debut its GaN-powered full digital amplifier at CES 2026 in Las Vegas. The product, CRI D-Amp Driver x GaN, combines the company's proprietary speaker-driving technology with gallium nitride (GaN) semiconductors to deliver: Ultra-low heat generation -- runs cool even at high output; High energy efficiency -- reduced power consumption for battery-sensitive applications; Simplified circuitry -- eliminates external components such as low-pass filters, reducing bill of materials cost. The amplifier targets the automotive market, where software-defined vehicles (SDVs) are creating demand for high-quality in-cabin entertainment. CRI D-Amp driver x GaN is designed to power everything from music playback to immersive experiences such as movies and karaoke, while minimizing thermal load and energy draw--critical requirements as vehicles add more electronic systems. CRI D-AMP Driver uses a proprietary method to pulse-drive speakers directly, eliminating the need for external components such as low- pass filters. The underlying technology has been deployed in more than 20 million devices across embedded and mobility applications. By constructing the amplification circuit with GaN semiconductors, CRI has achieved further gains in efficiency and thermal performance. CRI will also showcase CRI ADX Automotive, software that manages audio both inside and outside the vehicle, including warning tones for pedestrian alert systems. Reported Earnings • Nov 08
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥80.38 (up from JP¥58.18 in FY 2024). Revenue: JP¥3.45b (up 8.9% from FY 2024). Net income: JP¥420.0m (up 38% from FY 2024). Profit margin: 12% (up from 9.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) also missed analyst estimates by 6.5%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software 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 3% per year, which means it is significantly lagging earnings growth. Announcement • Nov 06
CRI Middleware Co., Ltd., Annual General Meeting, Dec 18, 2025 CRI Middleware Co., Ltd., Annual General Meeting, Dec 18, 2025. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,073, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 23x in the Software industry in Japan. Total returns to shareholders of 21% over the past three years. Announcement • Sep 25
CRI Middleware Co., Ltd. to Report Fiscal Year 2025 Results on Nov 06, 2025 CRI Middleware Co., Ltd. announced that they will report fiscal year 2025 results on Nov 06, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 23% 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 (1.5%). Buy Or Sell Opportunity • Sep 08
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at JP¥1,447. The fair value is estimated to be JP¥1,199, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 94%. Revenue is forecast to grow by 35% in 2 years. Earnings are forecast to grow by 16% in the next 2 years. Reported Earnings • Aug 08
Third quarter 2025 earnings released: EPS: JP¥10.72 (vs JP¥2.87 in 3Q 2024) Third quarter 2025 results: EPS: JP¥10.72 (up from JP¥2.87 in 3Q 2024). Revenue: JP¥756.0m (up 2.4% from 3Q 2024). Net income: JP¥56.0m (up 273% from 3Q 2024). Profit margin: 7.4% (up from 2.0% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 30% After last week's 30% share price gain to JP¥1,323, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 22x in the Software industry in Japan. Total returns to shareholders of 30% over the past three years. Buy Or Sell Opportunity • May 14
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 47% to JP¥1,308. The fair value is estimated to be JP¥1,071, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 84%. Revenue is forecast to grow by 28% in 2 years. Earnings are forecast to grow by 5.2% in the next 2 years. Reported Earnings • May 09
Second quarter 2025 earnings released: EPS: JP¥32.54 (vs JP¥24.50 in 2Q 2024) Second quarter 2025 results: EPS: JP¥32.54 (up from JP¥24.50 in 2Q 2024). Revenue: JP¥994.0m (up 20% from 2Q 2024). Net income: JP¥170.0m (up 33% from 2Q 2024). Profit margin: 17% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software 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 8% per year, which means it is significantly lagging earnings growth. New Risk • Apr 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 5.7% 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 Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (JP¥4.21b market cap, or US$28.8m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥808, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 19x in the Software industry in Japan. Total loss to shareholders of 32% over the past three years. Announcement • Mar 26
CRI Middleware Co., Ltd. to Report Q2, 2025 Results on May 08, 2025 CRI Middleware Co., Ltd. announced that they will report Q2, 2025 results on May 08, 2025 Reported Earnings • Feb 15
First quarter 2025 earnings released: EPS: JP¥19.33 (vs JP¥4.59 in 1Q 2024) First quarter 2025 results: EPS: JP¥19.33 (up from JP¥4.59 in 1Q 2024). Revenue: JP¥861.0m (up 28% from 1Q 2024). Net income: JP¥101.0m (up 321% from 1Q 2024). Profit margin: 12% (up from 3.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jan 03
CRI Middleware Co., Ltd. to Report Q1, 2025 Results on Feb 13, 2025 CRI Middleware Co., Ltd. announced that they will report Q1, 2025 results on Feb 13, 2025 Reported Earnings • Nov 09
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥58.18 (up from JP¥43.67 in FY 2023). Revenue: JP¥3.17b (up 5.9% from FY 2023). Net income: JP¥304.0m (up 31% from FY 2023). Profit margin: 9.6% (up from 7.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 27%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Nov 07
CRI Middleware Co., Ltd., Annual General Meeting, Dec 19, 2024 CRI Middleware Co., Ltd., Annual General Meeting, Dec 19, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 13
Third quarter 2024 earnings released: EPS: JP¥2.87 (vs JP¥9.19 in 3Q 2023) Third quarter 2024 results: EPS: JP¥2.87 (down from JP¥9.19 in 3Q 2023). Revenue: JP¥738.0m (up 4.1% from 3Q 2023). Net income: JP¥15.0m (down 69% from 3Q 2023). Profit margin: 2.0% (down from 6.8% in 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥656, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Software industry in Japan. Total loss to shareholders of 55% over the past three years. Announcement • Jun 27
CRI Middleware Co., Ltd. to Report Q3, 2024 Results on Aug 08, 2024 CRI Middleware Co., Ltd. announced that they will report Q3, 2024 results on Aug 08, 2024 Reported Earnings • May 11
Second quarter 2024 earnings released: EPS: JP¥24.50 (vs JP¥20.57 in 2Q 2023) Second quarter 2024 results: EPS: JP¥24.50 (up from JP¥20.57 in 2Q 2023). Revenue: JP¥826.0m (up 7.1% from 2Q 2023). Net income: JP¥128.0m (up 16% from 2Q 2023). Profit margin: 16% (up from 14% in 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Announcement • Mar 27
CRI Middleware Co., Ltd. to Report Q2, 2024 Results on May 09, 2024 CRI Middleware Co., Ltd. announced that they will report Q2, 2024 results on May 09, 2024 Reported Earnings • Feb 10
First quarter 2024 earnings released: EPS: JP¥4.59 (vs JP¥6.78 in 1Q 2023) First quarter 2024 results: EPS: JP¥4.59 (down from JP¥6.78 in 1Q 2023). Revenue: JP¥673.0m (down 1.2% from 1Q 2023). Net income: JP¥24.0m (down 35% from 1Q 2023). Profit margin: 3.6% (down from 5.4% in 1Q 2023). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Reported Earnings • Dec 28
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥43.67 (up from JP¥62.12 loss in FY 2022). Revenue: JP¥2.99b (up 5.3% from FY 2022). Net income: JP¥232.0m (up JP¥571.0m from FY 2022). Profit margin: 7.8% (up from net loss in FY 2022). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software 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. Announcement • Dec 27
CRI Middleware Co., Ltd. to Report Q1, 2024 Results on Feb 08, 2024 CRI Middleware Co., Ltd. announced that they will report Q1, 2024 results on Feb 08, 2024 Announcement • Nov 11
CRI Middleware Co., Ltd., Annual General Meeting, Dec 21, 2023 CRI Middleware Co., Ltd., Annual General Meeting, Dec 21, 2023. Reported Earnings • Nov 11
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥43.67 (up from JP¥62.12 loss in FY 2022). Revenue: JP¥2.99b (up 5.3% from FY 2022). Net income: JP¥232.0m (up JP¥571.0m from FY 2022). Profit margin: 7.8% (up from net loss in FY 2022). Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) missed analyst estimates by 4.6%. Revenue is forecast to grow 8.1% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • Sep 27
CRI Middleware Co., Ltd. to Report Fiscal Year 2023 Results on Nov 09, 2023 CRI Middleware Co., Ltd. announced that they will report fiscal year 2023 results on Nov 09, 2023 New Risk • Aug 08
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: 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¥6.08b market cap, or US$42.7m). Reported Earnings • Aug 04
Third quarter 2023 earnings released: EPS: JP¥9.19 (vs JP¥5.13 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.19 (up from JP¥5.13 loss in 3Q 2022). Revenue: JP¥709.0m (up 8.6% from 3Q 2022). Net income: JP¥48.0m (up JP¥76.0m from 3Q 2022). Profit margin: 6.8% (up from net loss in 3Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • Jun 26
CRI Middleware Co., Ltd. to Report Q3, 2023 Results on Aug 03, 2023 CRI Middleware Co., Ltd. announced that they will report Q3, 2023 results on Aug 03, 2023 Reported Earnings • May 17
Second quarter 2023 earnings released: EPS: JP¥20.57 (vs JP¥1.47 in 2Q 2022) Second quarter 2023 results: EPS: JP¥20.57 (up from JP¥1.47 in 2Q 2022). Revenue: JP¥771.0m (up 18% from 2Q 2022). Net income: JP¥110.0m (up JP¥102.0m from 2Q 2022). Profit margin: 14% (up from 1.2% in 2Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 12
First quarter 2023 earnings released: EPS: JP¥6.78 (vs JP¥0.55 in 1Q 2022) First quarter 2023 results: EPS: JP¥6.78 (up from JP¥0.55 in 1Q 2022). Revenue: JP¥681.0m (up 3.5% from 1Q 2022). Net income: JP¥37.0m (up JP¥34.0m from 1Q 2022). Profit margin: 5.4% (up from 0.5% in 1Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 28
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: JP¥62.12 loss per share (down from JP¥36.59 profit in FY 2021). Revenue: JP¥2.84b (down 1.8% from FY 2021). Net loss: JP¥339.0m (down 270% from profit in FY 2021). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Dec 26
CRI Middleware Co., Ltd. to Report Q1, 2023 Results on Feb 09, 2023 CRI Middleware Co., Ltd. announced that they will report Q1, 2023 results on Feb 09, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. No independent directors (5 non-independent directors). Outside Auditor Minoru Uchida was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: JP¥62.12 loss per share (down from JP¥36.59 profit in FY 2021). Revenue: JP¥2.84b (down 1.8% from FY 2021). Net loss: JP¥339.0m (down 270% from profit in FY 2021). Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Announcement • Nov 12
CRI Middleware Co., Ltd., Annual General Meeting, Dec 22, 2022 CRI Middleware Co., Ltd., Annual General Meeting, Dec 22, 2022. Announcement • Sep 24
CRI Middleware Co., Ltd. to Report Fiscal Year 2022 Results on Nov 10, 2022 CRI Middleware Co., Ltd. announced that they will report fiscal year 2022 results on Nov 10, 2022 Reported Earnings • Aug 05
Third quarter 2022 earnings released: JP¥5.13 loss per share (vs JP¥8.45 profit in 3Q 2021) Third quarter 2022 results: JP¥5.13 loss per share (down from JP¥8.45 profit in 3Q 2021). Revenue: JP¥653.0m (flat on 3Q 2021). Net loss: JP¥28.0m (down 161% from profit in 3Q 2021). Over the next year, revenue is forecast to grow 34%, compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: JP¥1.47 (down from JP¥12.69 in 2Q 2021). Revenue: JP¥654.0m (down 16% from 2Q 2021). Net income: JP¥8.00m (down 88% from 2Q 2021). Profit margin: 1.2% (down from 8.9% in 2Q 2021). Revenue missed analyst estimates by 17%. Earnings per share (EPS) also missed analyst estimates by 39%. Over the next year, revenue is forecast to grow 29%, compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 7 highly experienced directors. No independent directors (5 non-independent directors). Outside Auditor Minoru Uchida was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 08
CRI Middleware Co., Ltd. to Report Q2, 2022 Results on May 12, 2022 CRI Middleware Co., Ltd. announced that they will report Q2, 2022 results on May 12, 2022 Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorated over the past week After last week's 25% share price decline to JP¥1,016, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 20x in the Software industry in Japan. Total loss to shareholders of 72% over the past three years. Reported Earnings • Feb 14
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: JP¥0.55 (down from JP¥8.30 in 1Q 2021). Revenue: JP¥658.0m (down 4.1% from 1Q 2021). Net income: JP¥3.00m (down 93% from 1Q 2021). Profit margin: 0.5% (down from 6.6% in 1Q 2021). Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 39%. Over the next year, revenue is forecast to grow 18%, compared to a 16% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,513, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 25x in the Software industry in Japan. Total loss to shareholders of 41% over the past three years. Reported Earnings • Nov 12
Full year 2021 earnings released: EPS JP¥36.59 (vs JP¥70.46 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥2.89b (up 23% from FY 2020). Net income: JP¥199.0m (down 47% from FY 2020). Profit margin: 6.9% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 06
Third quarter 2021 earnings released: EPS JP¥8.45 (vs JP¥15.56 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥656.0m (up 43% from 3Q 2020). Net income: JP¥46.0m (down 45% from 3Q 2020). Profit margin: 7.0% (down from 18% in 3Q 2020). The decrease in margin was driven by higher expenses. 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 12% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
Second quarter 2021 earnings released: EPS JP¥12.69 (vs JP¥10.52 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: JP¥776.0m (up 47% from 2Q 2020). Net income: JP¥69.0m (up 23% from 2Q 2020). Profit margin: 8.9% (down from 11% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jan 09
CRI Middleware Co., Ltd. to Report Q1, 2021 Results on Feb 09, 2021 CRI Middleware Co., Ltd. announced that they will report Q1, 2021 results on Feb 09, 2021 Valuation Update With 7 Day Price Move • Jan 01
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥2,615, the stock is trading at a trailing P/E ratio of 37.1x, up from the previous P/E ratio of 31.6x. This compares to an average P/E of 37x in the Software industry in Japan. Total returns to shareholders over the past three years are 34%. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥2,570, the stock is trading at a trailing P/E ratio of 36.5x, up from the previous P/E ratio of 30.1x. This compares to an average P/E of 36x in the Software industry in Japan. Total returns to shareholders over the past three years are 32%. Is New 90 Day High Low • Dec 21
New 90-day high: JP¥2,235 The company is up 36% from its price of JP¥1,648 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: JP¥2,056 The company is up 32% from its price of JP¥1,560 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 2.0% over the same period. Announcement • Nov 14
CRI Middleware Co., Ltd., Annual General Meeting, Dec 17, 2020 CRI Middleware Co., Ltd., Annual General Meeting, Dec 17, 2020. Announcement • Jul 05
CRI Middleware Co., Ltd. to Report Q3, 2020 Results on Aug 06, 2020 CRI Middleware Co., Ltd. announced that they will report Q3, 2020 results on Aug 06, 2020