Buy Or Sell Opportunity • Apr 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to JP¥1,088. The fair value is estimated to be JP¥1,365, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 26%. Buy Or Sell Opportunity • Apr 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to JP¥1,102. The fair value is estimated to be JP¥1,389, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% over the last 3 years. Earnings per share has grown by 26%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 10 June 2026. Payout ratio is a comfortable 26% 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%). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥20.57 (vs JP¥26.67 in 3Q 2025) Third quarter 2026 results: EPS: JP¥20.57 (down from JP¥26.67 in 3Q 2025). Revenue: JP¥5.58b (up 8.9% from 3Q 2025). Net income: JP¥172.0m (down 20% from 3Q 2025). Profit margin: 3.1% (down from 4.2% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 06
First half dividend of JP¥17.00 announced Shareholders will receive a dividend of JP¥17.00. Ex-date: 30th March 2026 Payment date: 10th June 2026 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Dec 05
Keyware Solutions Inc. to Report Q3, 2026 Results on Feb 13, 2026 Keyware Solutions Inc. announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Oct 31
Second quarter 2026 earnings released: EPS: JP¥8.85 (vs JP¥28.29 in 2Q 2025) Second quarter 2026 results: EPS: JP¥8.85 (down from JP¥28.29 in 2Q 2025). Revenue: JP¥5.59b (up 5.3% from 2Q 2025). Net income: JP¥74.0m (down 68% from 2Q 2025). Profit margin: 1.3% (down from 4.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 03
Keyware Solutions Inc. to Report Q2, 2026 Results on Oct 30, 2025 Keyware Solutions Inc. announced that they will report Q2, 2026 results on Oct 30, 2025 Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: JP¥5.39 (vs JP¥4.22 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥5.39 (up from JP¥4.22 loss in 1Q 2025). Revenue: JP¥5.13b (up 11% from 1Q 2025). Net income: JP¥45.0m (up JP¥79.0m from 1Q 2025). Profit margin: 0.9% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 22% per year. New Risk • Jul 09
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 High level of non-cash earnings (28% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (JP¥7.80b market cap, or US$53.0m). Reported Earnings • Jun 30
Full year 2025 earnings released: EPS: JP¥128 (vs JP¥90.59 in FY 2024) Full year 2025 results: EPS: JP¥128 (up from JP¥90.59 in FY 2024). Revenue: JP¥21.1b (up 2.9% from FY 2024). Net income: JP¥1.03b (up 41% from FY 2024). Profit margin: 4.9% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 20% per year. Announcement • Jun 03
Keyware Solutions Inc. to Report Q1, 2026 Results on Aug 13, 2025 Keyware Solutions Inc. announced that they will report Q1, 2026 results on Aug 13, 2025 Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥128 (vs JP¥90.59 in FY 2024) Full year 2025 results: EPS: JP¥128 (up from JP¥90.59 in FY 2024). Revenue: JP¥21.1b (up 2.9% from FY 2024). Net income: JP¥1.03b (up 41% from FY 2024). Profit margin: 4.9% (up from 3.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 17% per year. Announcement • May 14
Keyware Solutions Inc., Annual General Meeting, Jun 24, 2025 Keyware Solutions Inc., Annual General Meeting, Jun 24, 2025. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥845, the stock trades at a trailing P/E ratio of 10.9x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 58% over the past three years. New Risk • Apr 24
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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (JP¥6.74b market cap, or US$47.3m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥618, the stock trades at a trailing P/E ratio of 7.9x. Average trailing P/E is 15x in the IT industry in Japan. Total returns to shareholders of 10% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 11 June 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%). Announcement • Mar 04
Keyware Solutions Inc. to Report Fiscal Year 2025 Results on May 14, 2025 Keyware Solutions Inc. announced that they will report fiscal year 2025 results on May 14, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥26.67 (vs JP¥34.53 in 3Q 2024) Third quarter 2025 results: EPS: JP¥26.67 (down from JP¥34.53 in 3Q 2024). Revenue: JP¥5.12b (flat on 3Q 2024). Net income: JP¥215.0m (down 23% from 3Q 2024). Profit margin: 4.2% (down from 5.4% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥6.30b market cap, or US$39.9m). Announcement • Dec 04
Keyware Solutions Inc. to Report Q3, 2025 Results on Feb 13, 2025 Keyware Solutions Inc. announced that they will report Q3, 2025 results on Feb 13, 2025 Announcement • Nov 07
Keyware Solutions Inc. Updates Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025 Keyware Solutions Inc. updated consolidated earnings guidance for the fiscal year ending March 31, 2025. For the year, the company expects Sales to be JPY 21,000 million. Operating income to be JPY 1,000 million. Profit attributable to owners of parent to be JPY 770 million. Net income per share to be JPY 95.55. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥28.29 (vs JP¥25.35 in 2Q 2024) Second quarter 2025 results: EPS: JP¥28.29 (up from JP¥25.35 in 2Q 2024). Revenue: JP¥5.31b (up 7.9% from 2Q 2024). Net income: JP¥228.0m (up 12% from 2Q 2024). Profit margin: 4.3% (up from 4.1% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Declared Dividend • Nov 02
Dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 28th March 2025 Payment date: 11th June 2025 Dividend yield will be 3.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (23% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 9.6% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Aug 29
Keyware Solutions Inc. to Report Q2, 2025 Results on Oct 31, 2024 Keyware Solutions Inc. announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 19
First quarter 2025 earnings released: JP¥4.22 loss per share (vs JP¥3.61 profit in 1Q 2024) First quarter 2025 results: JP¥4.22 loss per share (down from JP¥3.61 profit in 1Q 2024). Revenue: JP¥4.61b (up 1.4% from 1Q 2024). Net loss: JP¥34.0m (down 217% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. 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: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (JP¥5.03b market cap, or US$35.3m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to JP¥625, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 1.3% over the past three years. Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥90.59 (vs JP¥59.97 in FY 2023) Full year 2024 results: EPS: JP¥90.59 (up from JP¥59.97 in FY 2023). Revenue: JP¥20.5b (up 7.0% from FY 2023). Net income: JP¥729.0m (up 51% from FY 2023). Profit margin: 3.6% (up from 2.5% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Announcement • May 16
Keyware Solutions Inc., Annual General Meeting, Jun 25, 2024 Keyware Solutions Inc., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Announcement • Mar 02
Keyware Solutions Inc. to Report Fiscal Year 2024 Results on May 14, 2024 Keyware Solutions Inc. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥34.53 (vs JP¥11.19 in 3Q 2023) Third quarter 2024 results: EPS: JP¥34.53 (up from JP¥11.19 in 3Q 2023). Revenue: JP¥5.15b (up 12% from 3Q 2023). Net income: JP¥278.0m (up 209% from 3Q 2023). Profit margin: 5.4% (up from 2.0% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Dec 02
Keyware Solutions Inc. to Report Q3, 2024 Results on Jan 31, 2024 Keyware Solutions Inc. announced that they will report Q3, 2024 results on Jan 31, 2024 New Risk • Nov 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (3.7% increase in shares outstanding). Market cap is less than US$100m (JP¥5.73b market cap, or US$38.3m). Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥25.35 (vs JP¥22.77 in 2Q 2023) Second quarter 2024 results: EPS: JP¥25.35 (up from JP¥22.77 in 2Q 2023). Revenue: JP¥4.92b (up 7.5% from 2Q 2023). Net income: JP¥204.0m (up 12% from 2Q 2023). Profit margin: 4.1% (up from 4.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 6% per year. Announcement • Aug 31
Keyware Solutions Inc. to Report Q2, 2024 Results on Oct 31, 2023 Keyware Solutions Inc. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥3.61 (vs JP¥1.12 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥3.61 (up from JP¥1.12 loss in 1Q 2023). Revenue: JP¥4.54b (up 3.2% from 1Q 2023). Net income: JP¥29.0m (up JP¥38.0m from 1Q 2023). Profit margin: 0.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 25
Full year 2023 earnings released: EPS: JP¥59.97 (vs JP¥70.99 in FY 2022) Full year 2023 results: EPS: JP¥59.97 (down from JP¥70.99 in FY 2022). Revenue: JP¥19.2b (up 4.0% from FY 2022). Net income: JP¥482.0m (down 13% from FY 2022). Profit margin: 2.5% (down from 3.0% in FY 2022). 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 14% per year, which means it is significantly lagging earnings. Announcement • Jun 01
Keyware Solutions Inc. to Report Q1, 2024 Results on Jul 31, 2023 Keyware Solutions Inc. announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥59.97 (vs JP¥70.99 in FY 2022) Full year 2023 results: EPS: JP¥59.97 (down from JP¥70.99 in FY 2022). Revenue: JP¥19.2b (up 4.0% from FY 2022). Net income: JP¥482.0m (down 13% from FY 2022). Profit margin: 2.5% (down from 3.0% in FY 2022). 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 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 09 June 2023. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥11.19 (vs JP¥17.43 in 3Q 2022) Third quarter 2023 results: EPS: JP¥11.19 (down from JP¥17.43 in 3Q 2022). Revenue: JP¥4.60b (up 4.0% from 3Q 2022). Net income: JP¥90.0m (down 36% from 3Q 2022). Profit margin: 2.0% (down from 3.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Dec 04
Keyware Solutions Inc. to Report Q3, 2023 Results on Jan 31, 2023 Keyware Solutions Inc. announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: JP¥22.77 (vs JP¥14.81 in 2Q 2022) Second quarter 2023 results: EPS: JP¥22.77 (up from JP¥14.81 in 2Q 2022). Revenue: JP¥4.57b (up 3.9% from 2Q 2022). Net income: JP¥183.0m (up 54% from 2Q 2022). Profit margin: 4.0% (up from 2.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Outside Director Makiko Noda was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥22.77 (vs JP¥14.81 in 2Q 2022) Second quarter 2023 results: EPS: JP¥22.77 (up from JP¥14.81 in 2Q 2022). Revenue: JP¥4.57b (up 3.9% from 2Q 2022). Net income: JP¥183.0m (up 54% from 2Q 2022). Profit margin: 4.0% (up from 2.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Aug 31
Keyware Solutions Inc. to Report Q2, 2023 Results on Oct 31, 2022 Keyware Solutions Inc. announced that they will report Q2, 2023 results on Oct 31, 2022 Announcement • Aug 05
Keyware Solutions Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023 Keyware Solutions Inc. provides consolidated earnings guidance for the fiscal year ending March 31, 2023. For the full year, The company expects sales to be JPY 19,500 million, Operating income to be JPY 670 million, profit attributable to owners of parent to be JPY 560 million or JPY 69.68 per share. Announcement • Aug 04
Keyware Solutions Inc. Provides Dividend Guidance for the Fiscal Year 2023 Keyware Solutions Inc. provides dividend guidance for the fiscal year 2023. The company expects to pay JPY 12.00 against JPY 12.00 reported a year ago. Reported Earnings • Jul 30
First quarter 2023 earnings released: JP¥1.12 loss per share (vs JP¥2.63 profit in 1Q 2022) First quarter 2023 results: JP¥1.12 loss per share (down from JP¥2.63 profit in 1Q 2022). Revenue: JP¥4.40b (up 3.3% from 1Q 2022). Net loss: JP¥9.00m (down 147% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Jun 01
Keyware Solutions Inc. to Report Q1, 2023 Results on Jul 28, 2022 Keyware Solutions Inc. announced that they will report Q1, 2023 results on Jul 28, 2022 Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥70.99 (vs JP¥96.49 in FY 2021) Full year 2022 results: EPS: JP¥70.99 (down from JP¥96.49 in FY 2021). Revenue: JP¥18.4b (down 1.1% from FY 2021). Net income: JP¥556.0m (down 19% from FY 2021). Profit margin: 3.0% (down from 3.7% in FY 2021). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Outside Director Makiko Noda was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 07
Keyware Solutions Inc. to Report Fiscal Year 2022 Results on May 13, 2022 Keyware Solutions Inc. announced that they will report fiscal year 2022 results on May 13, 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: 09 June 2022. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥17.43 (up from JP¥14.21 in 3Q 2021). Revenue: JP¥4.42b (up 3.4% from 3Q 2021). Net income: JP¥140.0m (up 44% from 3Q 2021). Profit margin: 3.2% (up from 2.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS JP¥14.81 (vs JP¥22.86 in 2Q 2021) The company reported a poor second quarter result with weaker earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥4.40b (flat on 2Q 2021). Net income: JP¥119.0m (down 24% from 2Q 2021). Profit margin: 2.7% (down from 3.5% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Aug 05
Keyware Solutions Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2022 Keyware Solutions Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2022. For the period, the company expected sales of JPY 19,000 million, operating income of JPY 650 million, profit attributable to owners of parent of JPY 600 million and net income per share of JPY 76.60. Reported Earnings • Jul 31
First quarter 2022 earnings released: EPS JP¥2.63 (vs JP¥16.43 loss in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥4.26b (up 14% from 1Q 2021). Net income: JP¥19.0m (up JP¥149.0m from 1Q 2021). Profit margin: 0.4% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS JP¥96.49 (vs JP¥41.75 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥18.6b (up 1.1% from FY 2020). Net income: JP¥685.0m (up 97% from FY 2020). Profit margin: 3.7% (up from 1.9% in FY 2020). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jun 01
Keyware Solutions Inc. announced that it has received ¥960 million in funding from Canon Marketing Japan Inc., Kanematsu Electronics Ltd. On May 31, 2021, Keyware Solutions Inc. (TSE:3799) closed the transaction. Reported Earnings • May 15
Full year 2021 earnings released: EPS JP¥96.49 (vs JP¥41.75 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥18.6b (up 1.1% from FY 2020). Net income: JP¥685.0m (up 97% from FY 2020). Profit margin: 3.7% (up from 1.9% in FY 2020). Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Keyware Solutions Inc. announced that it expects to receive funding from Canon Marketing Japan Inc., Kanematsu Electronics Ltd. Keyware Solutions Inc. (TSE:3799) announced that it has entered into agreement for a private placement of 600,000 shares on May 13, 2021. The transaction will include participation from Canon Marketing Japan Inc. (TSE:8060) and Kanematsu Electronics Ltd. (TSE:8096). The transaction is expected to close on May 31, 2021. . The transaction was approved by the board of directors of the company Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 09 June 2021. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%). Announcement • Mar 12
Keyware Solutions Inc. to Report Fiscal Year 2021 Results on May 13, 2021 Keyware Solutions Inc. announced that they will report fiscal year 2021 results on May 13, 2021 Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS JP¥14.21 (vs JP¥7.91 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥4.27b (up 3.6% from 3Q 2020). Net income: JP¥97.0m (up 49% from 3Q 2020). Profit margin: 2.3% (up from 1.6% 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 2% per year whereas the company’s share price has fallen by 3% per year. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥681 The company is down 26% from its price of JP¥923 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 1.0% over the same period. Announcement • Dec 04
Keyware Solutions Inc. to Report Q3, 2021 Results on Jan 28, 2021 Keyware Solutions Inc. announced that they will report Q3, 2021 results on Jan 28, 2021 Is New 90 Day High Low • Dec 04
New 90-day low: JP¥733 The company is down 5.0% from its price of JP¥768 on 04 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 8.0% over the same period. Announcement • Sep 03
Keyware Solutions Inc. to Report Q2, 2021 Results on Oct 29, 2020 Keyware Solutions Inc. announced that they will report Q2, 2021 results on Oct 29, 2020 Announcement • Jun 17
Keyware Solutions Inc. to Report Q1, 2021 Results on Jul 30, 2020 Keyware Solutions Inc. announced that they will report Q1, 2021 results on Jul 30, 2020