Upcoming Dividend • Mar 23
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 15 June 2026. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Announcement • Feb 18
PSP Corporation and TechMatrix Corporation (TSE:3762) agreed to acquire an additional majority stake in Medmain Inc. from Deepcore Tokyo I Investment L.P., Deepcore Inc., One Capital DX2 Investment Limited Partnership and One Capital No. 2 Investment Limited for ¥2.3 billion. PSP Corporation and TechMatrix Corporation (TSE:3762) agreed to acquire an additional majority stake in Medmain Inc. from Deepcore Tokyo I Investment L.P., Deepcore Inc., One Capital DX2 Investment Limited Partnership and One Capital No. 2 Investment Limited for ¥2.3 billion on February 17, 2026. A cash consideration of ¥2.3 billion will be paid by PSP Corporation and TechMatrix Corporation. As part of consideration, ¥2.3 billion is paid towards common equity of Medmain Inc. The buyers will acquire all shares in Medmain except for the shares held by PSP and the shares held by Mr. Osamu Iizuka, CEO of Medmain.
The expected completion of the transaction is April 21, 2026 to April 30, 2026. Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥30.96 (vs JP¥29.58 in 3Q 2025) Third quarter 2026 results: EPS: JP¥30.96 (up from JP¥29.58 in 3Q 2025). Revenue: JP¥17.6b (up 11% from 3Q 2025). Net income: JP¥1.24b (up 4.7% from 3Q 2025). Profit margin: 7.1% (down from 7.5% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% 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 17% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Declared Dividend • Dec 10
First half dividend of JP¥28.00 announced Shareholders will receive a dividend of JP¥28.00. Ex-date: 30th March 2026 Payment date: 15th June 2026 Dividend yield will be 2.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 29% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 54% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Dec 03
TechMatrix Corporation to Report Q3, 2026 Results on Jan 30, 2026 TechMatrix Corporation announced that they will report Q3, 2026 results on Jan 30, 2026 Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥31.07 (vs JP¥24.45 in 2Q 2025) Second quarter 2026 results: EPS: JP¥31.07 (up from JP¥24.45 in 2Q 2025). Revenue: JP¥17.5b (up 2.6% from 2Q 2025). Net income: JP¥1.25b (up 27% from 2Q 2025). Profit margin: 7.1% (up from 5.8% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% 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 19% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 09 December 2025. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%). Announcement • Sep 03
TechMatrix Corporation to Report Q2, 2026 Results on Oct 31, 2025 TechMatrix Corporation announced that they will report Q2, 2026 results at 9:00 AM, Tokyo Standard Time on Oct 31, 2025 New Risk • Aug 25
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.8% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Declared Dividend • Aug 05
Dividend of JP¥13.00 announced Shareholders will receive a dividend of JP¥13.00. Ex-date: 29th September 2025 Payment date: 9th December 2025 Dividend yield will be 1.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (33% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 58% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥21.31 (vs JP¥18.09 in 1Q 2025) First quarter 2026 results: EPS: JP¥21.31 (up from JP¥18.09 in 1Q 2025). Revenue: JP¥15.9b (up 15% from 1Q 2025). Net income: JP¥856.0m (up 18% from 1Q 2025). Profit margin: 5.4% (up from 5.3% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% 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 19% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jun 27
TechMatrix Corporation to Report Q1, 2026 Results on Jul 31, 2025 TechMatrix Corporation announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 10
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥101 (up from JP¥88.34 in FY 2024). Revenue: JP¥64.9b (up 22% from FY 2024). Net income: JP¥4.06b (up 15% from FY 2024). Profit margin: 6.3% (down from 6.6% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.8%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • May 09
TechMatrix Corporation, Annual General Meeting, Jun 27, 2025 TechMatrix Corporation, Annual General Meeting, Jun 27, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 13 June 2025. Payout ratio is a comfortable 30% 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%). Announcement • Mar 04
TechMatrix Corporation to Report Fiscal Year 2025 Results on May 09, 2025 TechMatrix Corporation announced that they will report fiscal year 2025 results on May 09, 2025 Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥29.58 (vs JP¥23.23 in 3Q 2024) Third quarter 2025 results: EPS: JP¥29.58 (up from JP¥23.23 in 3Q 2024). Revenue: JP¥15.9b (up 19% from 3Q 2024). Net income: JP¥1.19b (up 28% from 3Q 2024). Profit margin: 7.5% (up from 7.0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% 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 21% per year whereas the company’s share price has increased by 17% per year. Announcement • Dec 05
TechMatrix Corporation to Report Q3, 2025 Results on Jan 31, 2025 TechMatrix Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥24.45 (vs JP¥21.19 in 2Q 2024) Second quarter 2025 results: EPS: JP¥24.45 (up from JP¥21.19 in 2Q 2024). Revenue: JP¥17.1b (up 30% from 2Q 2024). Net income: JP¥982.0m (up 16% from 2Q 2024). Profit margin: 5.8% (down from 6.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% 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 21% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 09 December 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.4%). Price Target Changed • Sep 12
Price target increased by 20% to JP¥2,765 Up from JP¥2,300, the current price target is an average from 2 analysts. New target price is 19% above last closing price of JP¥2,318. Stock is up 47% over the past year. The company is forecast to post earnings per share of JP¥105 for next year compared to JP¥88.34 last year. Announcement • Aug 28
TechMatrix Corporation to Report Q2, 2025 Results on Oct 31, 2024 TechMatrix Corporation announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥18.09 (vs JP¥14.03 in 1Q 2024) First quarter 2025 results: EPS: JP¥18.09 (up from JP¥14.03 in 1Q 2024). Revenue: JP¥13.8b (up 20% from 1Q 2024). Net income: JP¥726.0m (up 30% from 1Q 2024). Profit margin: 5.3% (up from 4.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% 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 21% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 11
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥88.34 (up from JP¥73.90 in FY 2023). Revenue: JP¥53.3b (up 16% from FY 2023). Net income: JP¥3.54b (up 20% from FY 2023). Profit margin: 6.6% (up from 6.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.3%. Revenue is forecast to grow 12% 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 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • May 11
TechMatrix Corporation, Annual General Meeting, Jun 28, 2024 TechMatrix Corporation, Annual General Meeting, Jun 28, 2024. Announcement • Mar 28
TechMatrix Corporation to Report Fiscal Year 2024 Results on May 09, 2024 TechMatrix Corporation announced that they will report fiscal year 2024 results on May 09, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 10 June 2024. Payout ratio is a comfortable 27% but the company is paying out more than the cash it is generating. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.4%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥23.25 (vs JP¥12.85 in 3Q 2023) Third quarter 2024 results: EPS: JP¥23.25 (up from JP¥12.85 in 3Q 2023). Revenue: JP¥13.4b (up 16% from 3Q 2023). Net income: JP¥933.0m (up 82% from 3Q 2023). Profit margin: 7.0% (up from 4.4% in 3Q 2023). 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 5.7% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Feb 01
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 7.3% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,927, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the IT industry in Japan. Total returns to shareholders of 1.4% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,567 per share. Buy Or Sell Opportunity • Feb 01
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to JP¥1,927. The fair value is estimated to be JP¥1,567, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 17% per annum over the same time period. Reported Earnings • Nov 02
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: JP¥21.21 (up from JP¥14.05 in 2Q 2023). Revenue: JP¥13.1b (up 21% from 2Q 2023). Net income: JP¥851.0m (up 52% from 2Q 2023). Profit margin: 6.5% (up from 5.2% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Buying Opportunity • Oct 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be JP¥1,913, 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 grown by 10%. Revenue is forecast to grow by 17% in 2 years. Earnings is forecast to grow by 32% in the next 2 years. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥8.00 per share at 1.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 31% 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%). Announcement • Aug 28
TechMatrix Corporation to Report Q2, 2024 Results on Oct 31, 2023 TechMatrix Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 New Risk • Aug 12
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥14.03 (vs JP¥12.58 in 1Q 2023) First quarter 2024 results: EPS: JP¥14.03 (up from JP¥12.58 in 1Q 2023). Revenue: JP¥11.5b (up 16% from 1Q 2023). Net income: JP¥560.0m (up 12% from 1Q 2023). Profit margin: 4.9% (down from 5.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% 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 10% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jun 28
TechMatrix Corporation to Report Q1, 2024 Results on Jul 28, 2023 TechMatrix Corporation announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • May 10
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥73.90 (up from JP¥59.63 in FY 2022). Revenue: JP¥46.0b (up 26% from FY 2022). Net income: JP¥2.95b (up 24% from FY 2022). Profit margin: 6.4% (down from 6.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 8.7% 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 9% per year whereas the company’s share price has increased by 7% per year. Price Target Changed • Mar 29
Price target decreased by 13% to JP¥2,190 Down from JP¥2,525, the current price target is an average from 2 analysts. New target price is 47% above last closing price of JP¥1,493. Stock is down 30% over the past year. The company is forecast to post earnings per share of JP¥65.71 for next year compared to JP¥59.63 last year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 09 June 2023. 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 (3.6%). Lower than average of industry peers (1.7%). Buying Opportunity • Mar 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 23%. The fair value is estimated to be JP¥1,696, 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. Earnings per share has grown by 7.1%. For the next 3 years, revenue is forecast to grow by 8.6% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥12.88 (vs JP¥13.16 in 3Q 2022) Third quarter 2023 results: EPS: JP¥12.88 (down from JP¥13.16 in 3Q 2022). Revenue: JP¥11.5b (up 29% from 3Q 2022). Net income: JP¥514.0m (down 1.7% from 3Q 2022). Profit margin: 4.5% (down from 5.8% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.8% 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 7% per year whereas the company’s share price has increased by 6% per year. Announcement • Dec 29
TechMatrix Corporation to Report Q3, 2023 Results on Jan 31, 2023 TechMatrix Corporation announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 8 non-independent directors. Outside Independent Director Michi Kaifu was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥14.05 (vs JP¥15.55 in 2Q 2022) Second quarter 2023 results: EPS: JP¥14.05 (down from JP¥15.55 in 2Q 2022). Revenue: JP¥10.9b (up 27% from 2Q 2022). Net income: JP¥561.0m (down 9.2% from 2Q 2022). Profit margin: 5.2% (down from 7.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.8% p.a. on average during the next 3 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 8% per year whereas the company’s share price has increased by 13% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 08 December 2022. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%). Announcement • Sep 17
TechMatrix Corporation to Report Q2, 2023 Results on Oct 28, 2022 TechMatrix Corporation announced that they will report Q2, 2023 results on Oct 28, 2022 Buying Opportunity • Aug 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 9.9%. The fair value is estimated to be JP¥2,303, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 9.3%. Revenue is forecast to grow by 26% in 2 years. Earnings is forecast to grow by 43% in the next 2 years. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥12.58 (vs JP¥10.75 in 1Q 2022) First quarter 2023 results: EPS: JP¥12.58 (up from JP¥10.75 in 1Q 2022). Revenue: JP¥9.88b (up 30% from 1Q 2022). Net income: JP¥502.0m (up 18% from 1Q 2022). Profit margin: 5.1% (down from 5.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 15%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 29
TechMatrix Corporation to Report Q1, 2023 Results on Jul 29, 2022 TechMatrix Corporation announced that they will report Q1, 2023 results on Jul 29, 2022 Price Target Changed • Jun 22
Price target increased to JP¥2,450 Up from JP¥2,225, the current price target is an average from 2 analysts. New target price is 57% above last closing price of JP¥1,557. Stock is down 12% over the past year. The company is forecast to post earnings per share of JP¥67.60 for next year compared to JP¥59.63 last year. Announcement • May 12
TechMatrix Corporation, Annual General Meeting, Jun 24, 2022 TechMatrix Corporation, Annual General Meeting, Jun 24, 2022. Reported Earnings • May 11
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥59.63 (up from JP¥57.90 in FY 2021). Revenue: JP¥36.5b (up 18% from FY 2021). Net income: JP¥2.37b (up 3.0% from FY 2021). Profit margin: 6.5% (down from 7.4% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 1.8%. Over the next year, revenue is forecast to grow 12%, compared to a 7.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 10
Investor sentiment deteriorated over the past week After last week's 21% share price decline to JP¥1,594, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 99% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,488 per share. Buying Opportunity • May 09
Now 26% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be JP¥2,478, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has grown by 9.6%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 11 non-independent directors. Director Michi Kaifu was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 07
TechMatrix Corporation to Report Fiscal Year 2022 Results on May 09, 2022 TechMatrix Corporation announced that they will report fiscal year 2022 results on May 09, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.5%). Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥13.18 (down from JP¥15.32 in 3Q 2021). Revenue: JP¥8.95b (up 20% from 3Q 2021). Net income: JP¥524.0m (down 14% from 3Q 2021). Profit margin: 5.9% (down from 8.2% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 6.7%, compared to a 7.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jan 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥2,053, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% per annum over the last 3 years. Earnings per share has grown by 11% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥1,616, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 22x in the IT industry in Japan. Total returns to shareholders of 103% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,032 per share. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥15.55 (vs JP¥11.42 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥8.53b (up 21% from 2Q 2021). Net income: JP¥618.0m (up 36% from 2Q 2021). Profit margin: 7.2% (up from 6.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥7.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 08 December 2021. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (1.2%). Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥10.74 (vs JP¥16.46 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥7.61b (up 2.2% from 1Q 2021). Net income: JP¥427.0m (down 35% from 1Q 2021). Profit margin: 5.6% (down from 8.8% in 1Q 2021). 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 whereas the company’s share price has increased by 15% per year. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥1,557, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 24x in the IT industry in Japan. Total returns to shareholders of 44% over the past three years. Price Target Changed • May 25
Price target decreased to JP¥2,525 Down from JP¥2,850, the current price target is an average from 3 analysts. New target price is 37% above last closing price of JP¥1,849. Stock is up 20% over the past year. Reported Earnings • May 12
Full year 2021 earnings released: EPS JP¥58.88 (vs JP¥47.05 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥30.6b (up 7.2% from FY 2020). Net income: JP¥2.34b (up 26% from FY 2020). Profit margin: 7.6% (up from 6.5% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 18% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 09 June 2021. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.3%). Announcement • Mar 21
TechMatrix Corporation to Report Fiscal Year 2021 Results on May 10, 2021 TechMatrix Corporation announced that they will report fiscal year 2021 results on May 10, 2021 Is New 90 Day High Low • Feb 17
New 90-day low: JP¥1,807 The company is down 13% from its price of JP¥2,078 on 19 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,902 per share. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥15.32 (vs JP¥12.25 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥7.45b (up 11% from 3Q 2020). Net income: JP¥609.0m (up 25% from 3Q 2020). Profit margin: 8.2% (up from 7.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 02
Revenue beats expectations, earnings disappoint Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 9.2%, compared to a 8.4% growth forecast for the IT industry in Japan. Announcement • Dec 03
TechMatrix Corporation to Report Q3, 2021 Results on Jan 29, 2021 TechMatrix Corporation announced that they will report Q3, 2021 results on Jan 29, 2021 Announcement • Sep 06
TechMatrix Corporation to Report Q2, 2021 Results on Oct 30, 2020 TechMatrix Corporation announced that they will report Q2, 2021 results on Oct 30, 2020 Announcement • Jun 29
TechMatrix Corporation to Report Q1, 2021 Results on Jul 31, 2020 TechMatrix Corporation announced that they will report Q1, 2021 results on Jul 31, 2020