Buy Or Sell Opportunity • May 19
Now 22% overvalued Over the last 90 days, the stock has fallen 2.2% to JP¥4,810. The fair value is estimated to be JP¥3,927, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 34%. Revenue is forecast to grow by 7.4% in 2 years. Earnings are forecast to decline by 1.8% in the next 2 years. New Risk • May 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • May 15
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥443 (up from JP¥267 in FY 2025). Revenue: JP¥53.3b (up 3.2% from FY 2025). Net income: JP¥5.60b (up 66% from FY 2025). Profit margin: 11% (up from 6.5% in FY 2025). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.7%. Revenue is forecast to grow 3.6% p.a. on average during the next 2 years, compared to a 10.0% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • May 13
SRA Holdings, Inc., Annual General Meeting, Jun 25, 2026 SRA Holdings, Inc., Annual General Meeting, Jun 25, 2026. Announcement • May 09
SRA Holdings, Inc. to Report Fiscal Year 2026 Results on May 13, 2026 SRA Holdings, Inc. announced that they will report fiscal year 2026 results on May 13, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥100.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 11 June 2026. Payout ratio is a comfortable 68% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). New Risk • Feb 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.5% Last year net profit margin: 9.9% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: JP¥126 (vs JP¥151 in 3Q 2025) Third quarter 2026 results: EPS: JP¥126 (down from JP¥151 in 3Q 2025). Revenue: JP¥12.7b (flat on 3Q 2025). Net income: JP¥1.59b (down 17% from 3Q 2025). Profit margin: 13% (down from 15% in 3Q 2025). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Software 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 18% per year. Declared Dividend • Dec 11
First half dividend of JP¥100.00 announced Shareholders will receive a dividend of JP¥100.00. Ex-date: 30th March 2026 Payment date: 11th June 2026 Dividend yield will be 3.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (62% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 19% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Nov 29
SRA Holdings, Inc. to Report Q3, 2026 Results on Feb 12, 2026 SRA Holdings, Inc. announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥110 (vs JP¥35.23 in 2Q 2025) Second quarter 2026 results: EPS: JP¥110 (up from JP¥35.23 in 2Q 2025). Revenue: JP¥12.4b (up 3.2% from 2Q 2025). Net income: JP¥1.39b (up 213% from 2Q 2025). Profit margin: 11% (up from 3.7% in 2Q 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 17% per year. Announcement • Sep 03
SRA Holdings, Inc. to Report Q2, 2026 Results on Nov 12, 2025 SRA Holdings, Inc. announced that they will report Q2, 2026 results on Nov 12, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥89.84 (vs JP¥128 in 1Q 2025) First quarter 2026 results: EPS: JP¥89.84 (down from JP¥128 in 1Q 2025). Revenue: JP¥14.3b (up 21% from 1Q 2025). Net income: JP¥1.14b (down 30% from 1Q 2025). Profit margin: 7.9% (down from 14% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend increased to JP¥90.00 Dividend of JP¥90.00 is 13% higher than last year. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 4.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (51% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • May 31
SRA Holdings, Inc. to Report Q1, 2026 Results on Aug 06, 2025 SRA Holdings, Inc. announced that they will report Q1, 2026 results on Aug 06, 2025 Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥267 (vs JP¥368 in FY 2024) Full year 2025 results: EPS: JP¥267 (down from JP¥368 in FY 2024). Revenue: JP¥51.6b (up 9.5% from FY 2024). Net income: JP¥3.38b (down 26% from FY 2024). Profit margin: 6.5% (down from 9.7% in FY 2024). Over the last 3 years on average, earnings per share has increased by 6% 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 • May 14
SRA Holdings, Inc., Annual General Meeting, Jun 26, 2025 SRA Holdings, Inc., Annual General Meeting, Jun 26, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 11 June 2025. Payout ratio is a comfortable 51% and the cash payout ratio is 88%. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Announcement • Mar 01
SRA Holdings, Inc. to Report Fiscal Year 2025 Results on May 14, 2025 SRA Holdings, Inc. announced that they will report fiscal year 2025 results on May 14, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥151 (vs JP¥57.99 in 3Q 2024) Third quarter 2025 results: EPS: JP¥151 (up from JP¥57.99 in 3Q 2024). Revenue: JP¥12.7b (up 17% from 3Q 2024). Net income: JP¥1.91b (up 164% from 3Q 2024). Profit margin: 15% (up from 6.6% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 07
SRA Holdings, Inc. to Report Q3, 2025 Results on Feb 12, 2025 SRA Holdings, Inc. announced that they will report Q3, 2025 results on Feb 12, 2025 Declared Dividend • Nov 30
First half dividend of JP¥90.00 announced Shareholders will receive a dividend of JP¥90.00. Ex-date: 28th March 2025 Payment date: 11th June 2025 Dividend yield will be 4.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but not covered by cash flows (103% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 146% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.2%). Announcement • Aug 27
SRA Holdings, Inc. to Report Q2, 2025 Results on Nov 13, 2024 SRA Holdings, Inc. announced that they will report Q2, 2025 results on Nov 13, 2024 Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥128 (vs JP¥116 in 1Q 2024) First quarter 2025 results: EPS: JP¥128 (up from JP¥116 in 1Q 2024). Revenue: JP¥11.8b (up 11% from 1Q 2024). Net income: JP¥1.62b (up 13% from 1Q 2024). Profit margin: 14% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Board Change • Aug 06
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. 5 non-independent directors. Independent External Director Fujiwara Yutaka was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥3,540, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 20x in the Software industry in Japan. Total returns to shareholders of 48% over the past three years. Declared Dividend • Jul 11
Final dividend of JP¥80.00 announced Shareholders will receive a dividend of JP¥80.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 4.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is not adequately covered by earnings (98% earnings payout ratio). However, it is covered by cash flows (58% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 9.0% to bring the payout ratio under control, which is less than the 17% EPS growth achieved over the last 5 years. Announcement • Jul 05
SRA Holdings, Inc. to Report Q1, 2025 Results on Aug 07, 2024 SRA Holdings, Inc. announced that they will report Q1, 2025 results on Aug 07, 2024 Buy Or Sell Opportunity • Jun 07
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.5% to JP¥4,050. The fair value is estimated to be JP¥3,368, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has declined by 16%. Buy Or Sell Opportunity • May 20
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 2.9% to JP¥4,070. The fair value is estimated to be JP¥3,347, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last 3 years. Earnings per share has declined by 16%. Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥368 (vs JP¥71.11 in FY 2023) Full year 2024 results: EPS: JP¥368 (up from JP¥71.11 in FY 2023). Revenue: JP¥47.1b (up 9.9% from FY 2023). Net income: JP¥4.58b (up 422% from FY 2023). Profit margin: 9.7% (up from 2.1% 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 16% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Announcement • May 16
SRA Holdings, Inc., Annual General Meeting, Jun 26, 2024 SRA Holdings, Inc., Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥110 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 10 June 2024. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%). Announcement • Mar 20
SRA Holdings, Inc. to Report Fiscal Year 2024 Results on May 14, 2024 SRA Holdings, Inc. announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥57.99 (vs JP¥11.88 in 3Q 2023) Third quarter 2024 results: EPS: JP¥57.99 (up from JP¥11.88 in 3Q 2023). Revenue: JP¥10.9b (up 5.3% from 3Q 2023). Net income: JP¥723.0m (up 392% from 3Q 2023). Profit margin: 6.6% (up from 1.4% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Nov 29
SRA Holdings, Inc. to Report Q3, 2024 Results on Feb 08, 2024 SRA Holdings, Inc. announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥116 (vs JP¥113 in 2Q 2023) Second quarter 2024 results: EPS: JP¥116 (up from JP¥113 in 2Q 2023). Revenue: JP¥11.9b (up 9.3% from 2Q 2023). Net income: JP¥1.45b (up 3.4% from 2Q 2023). Profit margin: 12% (in line with 2Q 2023). 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 13% per year, which means it is well ahead of earnings. Announcement • Sep 28
SRA Holdings, Inc. to Report Q2, 2024 Results on Nov 09, 2023 SRA Holdings, Inc. announced that they will report Q2, 2024 results on Nov 09, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥40.00 per share at 3.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.7%). Reported Earnings • Aug 10
First quarter 2024 earnings released: EPS: JP¥116 (vs JP¥94.36 in 1Q 2023) First quarter 2024 results: EPS: JP¥116 (up from JP¥94.36 in 1Q 2023). Revenue: JP¥10.7b (up 6.5% from 1Q 2023). Net income: JP¥1.44b (up 23% from 1Q 2023). Profit margin: 13% (up from 12% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 9% per year. Board Change • Jul 22
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. 4 non-independent directors. Independent External Director Fujiwara Yutaka was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 28
SRA Holdings, Inc. to Report Q1, 2024 Results on Aug 09, 2023 SRA Holdings, Inc. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: JP¥71.11 (vs JP¥290 in FY 2022) Full year 2023 results: EPS: JP¥71.11 (down from JP¥290 in FY 2022). Revenue: JP¥42.9b (up 6.6% from FY 2022). Net income: JP¥879.0m (down 75% from FY 2022). Profit margin: 2.1% (down from 8.9% in FY 2022). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. New Risk • Jun 19
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 197% Dividend yield: 4.3% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (197% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Reported Earnings • May 22
Full year 2023 earnings released: EPS: JP¥71.11 (vs JP¥290 in FY 2022) Full year 2023 results: EPS: JP¥71.11 (down from JP¥290 in FY 2022). Revenue: JP¥42.9b (up 6.6% from FY 2022). Net income: JP¥879.0m (down 75% from FY 2022). Profit margin: 2.1% (down from 8.9% in FY 2022). Over the last 3 years on average, earnings per share has increased by 38% 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 • Mar 23
Upcoming dividend of JP¥90.00 per share at 4.4% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 08 June 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥11.88 (vs JP¥46.86 in 3Q 2022) Third quarter 2023 results: EPS: JP¥11.88 (down from JP¥46.86 in 3Q 2022). Revenue: JP¥10.4b (up 6.9% from 3Q 2022). Net income: JP¥147.0m (down 75% from 3Q 2022). Profit margin: 1.4% (down from 6.0% 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 64% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Dec 08
SRA Holdings, Inc. to Report Q3, 2023 Results on Feb 09, 2023 SRA Holdings, Inc. announced that they will report Q3, 2023 results on Feb 09, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥113 (vs JP¥77.25 in 2Q 2022) Second quarter 2023 results: EPS: JP¥113 (up from JP¥77.25 in 2Q 2022). Revenue: JP¥10.9b (up 13% from 2Q 2022). Net income: JP¥1.40b (up 47% from 2Q 2022). Profit margin: 13% (up from 9.8% 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 75% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥113 (vs JP¥77.25 in 2Q 2022) Second quarter 2023 results: EPS: JP¥113 (up from JP¥77.25 in 2Q 2022). Revenue: JP¥10.9b (up 13% from 2Q 2022). Net income: JP¥1.40b (up 47% from 2Q 2022). Profit margin: 13% (up from 9.8% 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 75% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Sep 24
SRA Holdings, Inc. to Report Q2, 2023 Results on Nov 10, 2022 SRA Holdings, Inc. announced that they will report Q2, 2023 results on Nov 10, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.8%). Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥94.35 (vs JP¥59.66 in 1Q 2022) First quarter 2023 results: EPS: JP¥94.35 (up from JP¥59.66 in 1Q 2022). Revenue: JP¥10.1b (up 7.5% from 1Q 2022). Net income: JP¥1.16b (up 58% from 1Q 2022). Profit margin: 12% (up from 7.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
SRA Holdings, Inc. to Report Q1, 2023 Results on Aug 09, 2022 SRA Holdings, Inc. announced that they will report Q1, 2023 results on Aug 09, 2022 Buying Opportunity • Jun 17
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 2.9%. The fair value is estimated to be JP¥3,474, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 60%. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥290 (vs JP¥249 in FY 2021) Full year 2022 results: EPS: JP¥290 (up from JP¥249 in FY 2021). Revenue: JP¥40.2b (up 2.1% from FY 2021). Net income: JP¥3.58b (up 16% from FY 2021). Profit margin: 8.9% (up from 7.8% in FY 2021). Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. 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. 5 non-independent directors. External Director Fujiwara Yutaka was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 07
SRA Holdings, Inc. to Report Fiscal Year 2022 Results on May 12, 2022 SRA Holdings, Inc. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥80.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 09 June 2022. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 04
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥46.85 (down from JP¥72.07 in 3Q 2021). Revenue: JP¥9.70b (up 3.4% from 3Q 2021). Net income: JP¥578.0m (down 35% from 3Q 2021). Profit margin: 6.0% (down from 9.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 41% 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 • Nov 05
Second quarter 2022 earnings released: EPS JP¥77.25 (vs JP¥63.80 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥9.69b (up 3.0% from 2Q 2021). Net income: JP¥953.0m (up 21% from 2Q 2021). Profit margin: 9.8% (up from 8.4% 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 30% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 30 November 2021. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.3%). Reported Earnings • Jun 30
Full year 2021 earnings released: EPS JP¥249 (vs JP¥49.61 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥39.4b (down 9.8% from FY 2020). Net income: JP¥3.07b (up JP¥3.69b from FY 2020). Profit margin: 7.8% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥249 (vs JP¥49.61 loss in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥39.4b (down 9.8% from FY 2020). Net income: JP¥3.07b (up JP¥3.69b from FY 2020). Profit margin: 7.8% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 09 June 2021. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%). Is New 90 Day High Low • Feb 15
New 90-day high: JP¥2,630 The company is up 8.0% from its price of JP¥2,441 on 17 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is up 5.0% over the same period. Reported Earnings • Feb 06
Third quarter 2021 earnings released: EPS JP¥72.05 (vs JP¥15.40 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥9.38b (down 12% from 3Q 2020). Net income: JP¥889.0m (up JP¥1.08b from 3Q 2020). Profit margin: 9.5% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 29
New 90-day high: JP¥2,600 The company is up 8.0% from its price of JP¥2,412 on 30 September 2020. The Japanese market is also up 8.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Software industry, which is flat over the same period. Is New 90 Day High Low • Dec 03
New 90-day high: JP¥2,596 The company is up 10.0% from its price of JP¥2,353 on 04 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 4.0% over the same period. Announcement • Nov 29
SRA Holdings, Inc. to Report Q3, 2021 Results on Feb 04, 2021 SRA Holdings, Inc. announced that they will report Q3, 2021 results on Feb 04, 2021 Announcement • Aug 30
SRA Holdings, Inc. to Report Q2, 2021 Results on Nov 05, 2020 SRA Holdings, Inc. announced that they will report Q2, 2021 results on Nov 05, 2020