Reported Earnings • May 01
Third quarter 2026 earnings released: EPS: JP¥22.39 (vs JP¥18.79 in 3Q 2025) Third quarter 2026 results: EPS: JP¥22.39 (up from JP¥18.79 in 3Q 2025). Revenue: JP¥7.63b (up 10% from 3Q 2025). Net income: JP¥798.0m (up 16% from 3Q 2025). Profit margin: 11% (in line with 3Q 2025). 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 22% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Apr 21
Avant Group Corporation to Report Q3, 2026 Results on Apr 30, 2026 Avant Group Corporation announced that they will report Q3, 2026 results on Apr 30, 2026 Buy Or Sell Opportunity • Apr 09
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to JP¥1,362. The fair value is estimated to be JP¥1,705, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Buy Or Sell Opportunity • Mar 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to JP¥1,322. The fair value is estimated to be JP¥1,664, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Buy Or Sell Opportunity • Mar 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to JP¥1,311. The fair value is estimated to be JP¥1,642, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 24% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Announcement • Feb 25
Avant Group Corporation (TSE:3836) announces an Equity Buyback for 1,650,000 shares, representing 4.53% for ¥1,600 million. Avant Group Corporation (TSE:3836) announces a share repurchase program. Under the program, the company will repurchase up to 1,650,000 shares, representing 4.53% of its total outstanding shares, for ¥1,600 million. The purpose of the buyback is to enhance corporate value and return profits to shareholders. The repurchased shares will be cancelled. The program will expire on May 29, 2026. As of December 31, 2025, the company had 36,438,852 shares in issue (excluding treasury stock) and 1,206,999 shares in treasury. Buy Or Sell Opportunity • Feb 02
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to JP¥1,563. The fair value is estimated to be JP¥2,045, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 21%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 21% in the next 2 years. Declared Dividend • Feb 01
Dividend of JP¥32.00 announced Shareholders will receive a dividend of JP¥32.00. Ex-date: 29th June 2026 Payment date: 25th September 2026 Dividend yield will be 2.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (25% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 28% 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. EPS is expected to grow by 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 31
Second quarter 2026 earnings released: EPS: JP¥24.41 (vs JP¥26.57 in 2Q 2025) Second quarter 2026 results: EPS: JP¥24.41 (down from JP¥26.57 in 2Q 2025). Revenue: JP¥7.69b (up 6.2% from 2Q 2025). Net income: JP¥891.7m (down 7.9% from 2Q 2025). Profit margin: 12% (down from 13% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% 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 21% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Nov 29
Avant Group Corporation to Report Q2, 2026 Results on Jan 30, 2026 Avant Group Corporation announced that they will report Q2, 2026 results on Jan 30, 2026 Announcement • Nov 19
Avant Group Corporation (TSE:3836) announces an Equity Buyback for 1,500,000 shares, representing 4.11% for ¥2,000 million. Avant Group Corporation (TSE: 3836) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 4.11% of its total outstanding shares, for ¥2,000 million. The purpose of the buyback is to enhance corporate value and return profits to shareholders. The repurchased shares will be cancelled. The program will expire on May 29, 2026. As of March 31, 2024, the company had 36,539,018 shares in issue (excluding treasury stock) and 1,106,833 shares in treasury. Reported Earnings • Nov 01
First quarter 2026 earnings released: EPS: JP¥23.33 (vs JP¥16.88 in 1Q 2025) First quarter 2026 results: EPS: JP¥23.33 (up from JP¥16.88 in 1Q 2025). Revenue: JP¥7.52b (up 11% from 1Q 2025). Net income: JP¥852.0m (up 39% from 1Q 2025). Profit margin: 11% (up from 9.1% in 1Q 2025). 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 5.1% 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 6% per year, which means it is significantly lagging earnings growth. Board Change • Oct 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Outside Director Tatsuya Kamoi was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 11
Avant Group Corporation to Report Q1, 2026 Results on Oct 31, 2025 Avant Group Corporation announced that they will report Q1, 2026 results on Oct 31, 2025 Reported Earnings • Aug 07
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥94.13 (up from JP¥76.60 in FY 2024). Revenue: JP¥28.2b (up 16% from FY 2024). Net income: JP¥3.43b (up 21% from FY 2024). Profit margin: 12% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.5%. Revenue is forecast to grow 11% p.a. on average during the next 2 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 19% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Aug 05
Avant Group Corporation, Annual General Meeting, Sep 24, 2025 Avant Group Corporation, Annual General Meeting, Sep 24, 2025. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.2%). Announcement • Jun 14
Avant Group Corporation to Report Fiscal Year 2025 Results on Aug 05, 2025 Avant Group Corporation announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on Aug 05, 2025 Reported Earnings • May 01
Third quarter 2025 earnings released: EPS: JP¥18.80 (vs JP¥20.44 in 3Q 2024) Third quarter 2025 results: EPS: JP¥18.80 (down from JP¥20.44 in 3Q 2024). Revenue: JP¥6.93b (up 14% from 3Q 2024). Net income: JP¥686.0m (down 9.5% from 3Q 2024). Profit margin: 9.9% (down from 13% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the IT industry in Japan. 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 12% per year. Announcement • Mar 13
Avant Group Corporation to Report Q3, 2025 Results on Apr 30, 2025 Avant Group Corporation announced that they will report Q3, 2025 results on Apr 30, 2025 Declared Dividend • Feb 03
Dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 27th June 2025 Payment date: 26th September 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 62% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 01
Second quarter 2025 earnings released: EPS: JP¥26.57 (vs JP¥19.67 in 2Q 2024) Second quarter 2025 results: EPS: JP¥26.57 (up from JP¥19.67 in 2Q 2024). Revenue: JP¥7.23b (up 19% from 2Q 2024). Net income: JP¥968.6m (up 32% from 2Q 2024). Profit margin: 13% (up from 12% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% 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 15% per year whereas the company’s share price has increased by 19% per year. Announcement • Jan 03
Avant Group Corporation to Report Q2, 2025 Results on Jan 31, 2025 Avant Group Corporation announced that they will report Q2, 2025 results on Jan 31, 2025 Reported Earnings • Nov 02
First quarter 2025 earnings released: EPS: JP¥16.87 (vs JP¥12.84 in 1Q 2024) First quarter 2025 results: EPS: JP¥16.87 (up from JP¥12.84 in 1Q 2024). Revenue: JP¥6.78b (up 20% from 1Q 2024). Net income: JP¥615.0m (up 28% from 1Q 2024). Profit margin: 9.1% (up from 8.5% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% 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 12% per year whereas the company’s share price has increased by 13% per year. Announcement • Oct 02
Avant Group Corporation to Report Q1, 2025 Results on Oct 31, 2024 Avant Group Corporation announced that they will report Q1, 2025 results on Oct 31, 2024 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 6.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 05
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥76.60 (up from JP¥55.64 in FY 2023). Revenue: JP¥24.4b (up 14% from FY 2023). Net income: JP¥2.85b (up 36% from FY 2023). Profit margin: 12% (up from 9.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.4%. Revenue is forecast to grow 15% p.a. on average during the next 2 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 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Aug 02
Avant Group Corporation, Annual General Meeting, Sep 25, 2024 Avant Group Corporation, Annual General Meeting, Sep 25, 2024. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 30 September 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.6%). Announcement • Jun 17
Avant Group Corporation to Report Fiscal Year 2024 Results on Aug 02, 2024 Avant Group Corporation announced that they will report fiscal year 2024 results on Aug 02, 2024 Reported Earnings • Apr 28
Third quarter 2024 earnings released: EPS: JP¥20.42 (vs JP¥19.37 in 3Q 2023) Third quarter 2024 results: EPS: JP¥20.42 (up from JP¥19.37 in 3Q 2023). Revenue: JP¥6.06b (up 7.1% from 3Q 2023). Net income: JP¥757.4m (up 3.9% from 3Q 2023). Profit margin: 13% (in line with 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Apr 27
Avant Group Corporation (TSE:3836) announces an Equity Buyback for 1,200,000 shares, representing 3.24% for ¥1,000 million. Avant Group Corporation (TSE:3836) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 3.24% of its share capital, for ¥1,000 million. The purpose of the program is to to increase the value per share. The program will expire on November 30, 2024. As of March 31, 2024, the company had 36,990,553 shares in issue (excluding treasury stock) and 655,298 shares in treasury. Announcement • Mar 28
Avant Group Corporation to Report Q3, 2024 Results on Apr 26, 2024 Avant Group Corporation announced that they will report Q3, 2024 results on Apr 26, 2024 Reported Earnings • Feb 03
Second quarter 2024 earnings released: EPS: JP¥19.66 (vs JP¥20.51 in 2Q 2023) Second quarter 2024 results: EPS: JP¥19.66 (down from JP¥20.51 in 2Q 2023). Revenue: JP¥6.10b (up 11% from 2Q 2023). Net income: JP¥733.9m (down 4.9% from 2Q 2023). Profit margin: 12% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Declared Dividend • Feb 02
Dividend of JP¥19.00 announced Shareholders will receive a dividend of JP¥19.00. Ex-date: 27th June 2024 Payment date: 30th September 2024 Dividend yield will be 1.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 42% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 30
Avant Group Corporation to Report Q2, 2024 Results on Jan 31, 2024 Avant Group Corporation announced that they will report Q2, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
First quarter 2024 earnings released: EPS: JP¥12.84 (vs JP¥9.84 in 1Q 2023) First quarter 2024 results: EPS: JP¥12.84 (up from JP¥9.84 in 1Q 2023). Revenue: JP¥5.65b (up 12% from 1Q 2023). Net income: JP¥482.0m (up 30% from 1Q 2023). Profit margin: 8.5% (up from 7.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% 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 11% per year whereas the company’s share price has increased by 6% per year. Announcement • Sep 21
Avant Group Corporation to Report Q1, 2024 Results on Oct 31, 2023 Avant Group Corporation announced that they will report Q1, 2024 results on Oct 31, 2023 Reported Earnings • Aug 08
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥55.64 (up from JP¥54.37 in FY 2022). Revenue: JP¥21.4b (up 14% from FY 2022). Net income: JP¥2.09b (up 2.4% from FY 2022). Profit margin: 9.8% (down from 11% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) also missed analyst estimates by 4.7%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the IT industry in Japan. 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 11% per year. Announcement • Aug 06
Avant Group Corporation, Annual General Meeting, Sep 27, 2023 Avant Group Corporation, Annual General Meeting, Sep 27, 2023. Board Change • Jul 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Tsuyoshi Noshiro was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥15.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 28 September 2023. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.6%). Announcement • Jun 09
Avant Group Corporation to Report Fiscal Year 2023 Results on Aug 04, 2023 Avant Group Corporation announced that they will report fiscal year 2023 results on Aug 04, 2023 Reported Earnings • Apr 29
Third quarter 2023 earnings released: EPS: JP¥19.37 (vs JP¥18.79 in 3Q 2022) Third quarter 2023 results: EPS: JP¥19.37 (up from JP¥18.79 in 3Q 2022). Revenue: JP¥5.66b (up 13% from 3Q 2022). Net income: JP¥729.0m (up 3.1% from 3Q 2022). Profit margin: 13% (down from 14% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year. Reported Earnings • Feb 01
Second quarter 2023 earnings released: EPS: JP¥20.51 (vs JP¥16.03 in 2Q 2022) Second quarter 2023 results: EPS: JP¥20.51 (up from JP¥16.03 in 2Q 2022). Revenue: JP¥5.50b (up 17% from 2Q 2022). Net income: JP¥772.0m (up 28% from 2Q 2022). Profit margin: 14% (up from 13% in 2Q 2022). 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 6.6% 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 9% per year, which means it is significantly lagging earnings growth. Announcement • Dec 28
Avant Group Corporation to Report Q2, 2023 Results on Jan 31, 2023 Avant Group Corporation announced that they will report Q2, 2023 results on Jan 31, 2023 Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥1,346, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 33% over the past three years. Reported Earnings • Nov 16
First quarter 2023 earnings released: EPS: JP¥9.84 (vs JP¥6.97 in 1Q 2022) First quarter 2023 results: EPS: JP¥9.84 (up from JP¥6.97 in 1Q 2022). Revenue: JP¥5.03b (up 24% from 1Q 2022). Net income: JP¥370.0m (up 41% from 1Q 2022). Profit margin: 7.4% (up from 6.5% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. 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 12% per year. Reported Earnings • Nov 02
First quarter 2023 earnings released: EPS: JP¥9.84 (vs JP¥6.97 in 1Q 2022) First quarter 2023 results: EPS: JP¥9.84 (up from JP¥6.97 in 1Q 2022). Revenue: JP¥5.03b (up 24% from 1Q 2022). Net income: JP¥370.0m (up 41% from 1Q 2022). Profit margin: 7.4% (up from 6.5% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Nov 01
Avant Group Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending June 30, 2023 Avant Group Corporation provided consolidated earnings guidance for the fiscal year ending June 30, 2023. For the period, the company expects revenue of ¥21,800 million, operating income of ¥3,100 million and profit attributable to owners of the parent company of ¥2,030 million or ¥53.96 per share. Announcement • Oct 31
Avant Group Corporation Provides Dividend Guidance for the Fiscal Year Ending June 30, 2023 Avant Group Corporation provided dividend guidance for the fiscal year ending June 30, 2023. For the period, the company expects a dividend of ¥15.00 per share against ¥13.00 per share a year ago. Announcement • Sep 24
Avant Corporation to Report Q1, 2023 Results on Oct 31, 2022 Avant Corporation announced that they will report Q1, 2023 results on Oct 31, 2022 Buying Opportunity • Aug 29
Now 21% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be JP¥1,886, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 17%. Revenue is forecast to grow by 26% in 2 years. Earnings is forecast to grow by 34% in the next 2 years. Reported Earnings • Aug 07
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: JP¥54.37 (up from JP¥50.22 in FY 2021). Revenue: JP¥18.7b (up 15% from FY 2021). Net income: JP¥2.05b (up 8.3% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Over the next year, revenue is forecast to grow 12%, compared to a 11% growth forecast for the 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 6% per year, which means it is significantly lagging earnings growth. Announcement • Aug 06
Avant Corporation Provides Consolidated Earnings Forecast for the Full Year of Fiscal Year Ending March 31, 2023 Avant Corporation provided consolidated earnings forecast for the full year of fiscal year ending March 31, 2023. For the full year, the company expected net sales to be JPY 21,800 million, Operating profit to be JPY 3,100 million, Profit attributable to owners of parent to be JPY 2,030 million and basic earnings per share to be JPY 53.96. Announcement • Aug 05
Avant Corporation Announces Year End Dividend for the Fiscal Year Ending June 30, 2022, Payable on September 28, 2022; Provides Year End Dividend Guidance for the Fiscal Year Ending June 30, 2023 Avant Corporation announced year end dividend for the fiscal year ending June 30, 2022. For the period, the company announced dividend of JPY 13 per share compared to JPY 11 per share paid a year ago. The dividend will be payable on September 28, 2022. The company provided year end dividend guidance for the fiscal year ending June 30, 2023. For the period, the company expected year end dividend of JPY 15 per share compared to JPY 13 per share paid a year ago. Announcement • Jun 22
Avant Corporation, Annual General Meeting, Sep 27, 2022 Avant Corporation, Annual General Meeting, Sep 27, 2022. Agenda: To consider to propose a change in its trade name and a partial change in its Articles of Incorporation. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 29 September 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.7%). Announcement • May 27
Avant Corporation Provides Commemorative Dividend Guidance for the Fiscal Year Ending June 30, 2022 Avant Corporation at an extraordinary meeting of Board of Directors held on May 26, 2022, provided commemorative Dividend guidance for the 25th Anniversary of the company of JPY 1.00 per share for the fiscal year ending June 30, 2022. Record date is June 30, 2022. Reported Earnings • Apr 30
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥18.79 (up from JP¥14.55 in 3Q 2021). Revenue: JP¥5.04b (up 18% from 3Q 2021). Net income: JP¥707.0m (up 29% from 3Q 2021). Profit margin: 14% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 8.2%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Over the next year, revenue is forecast to grow 10%, compared to a 7.4% growth forecast for the industry in Japan. 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 13% per year. Announcement • Mar 29
Avant Corporation to Report Q3, 2022 Results on May 06, 2022 Avant Corporation announced that they will report Q3, 2022 results on May 06, 2022 Buying Opportunity • Mar 28
Now 20% undervalued Over the last 90 days, the stock is up 5.1%. The fair value is estimated to be JP¥1,617, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.4% per annum over the last 3 years. Earnings per share has grown by 15% per annum over the last 3 years. Reported Earnings • Feb 02
Second quarter 2022 earnings: EPS exceeds analyst expectations Second quarter 2022 results: EPS: JP¥16.04 (up from JP¥13.86 in 2Q 2021). Revenue: JP¥4.70b (up 17% from 2Q 2021). Net income: JP¥603.2m (up 16% from 2Q 2021). Profit margin: 13% (in line with 2Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Over the next year, revenue is forecast to grow 7.1%, 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 15% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 31
First quarter 2022 earnings released: EPS JP¥6.97 (vs JP¥8.06 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¥4.05b (up 12% from 1Q 2021). Net income: JP¥262.0m (down 14% from 1Q 2021). Profit margin: 6.5% (down from 8.4% 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 16% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 11
Full year 2021 earnings released: EPS JP¥50.33 (vs JP¥40.90 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥16.2b (up 3.5% from FY 2020). Net income: JP¥1.89b (up 23% from FY 2020). Profit margin: 12% (up from 9.8% 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 17% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 24 September 2021. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.1%). Lower than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • May 14
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥1,449, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 25x in the IT industry in Japan. Total returns to shareholders of 223% over the past three years. Reported Earnings • May 09
Third quarter 2021 earnings released: EPS JP¥14.55 (vs JP¥9.18 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 5.5% from 3Q 2020). Net income: JP¥547.0m (up 59% from 3Q 2020). Profit margin: 13% (up from 8.5% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 03
Avant Corporation Provides Earnings Guidance for the Fiscal Year 2023 Avant Corporation provided earnings guidance for the fiscal year 2023. For the year, the company expects revenue of JPY 18 billion to 22 billion and operating income of JPY 3.1 billion to 3.8 billion. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥1,623, the stock is trading at a trailing P/E ratio of 36.1x, up from the previous P/E ratio of 30.7x. This compares to an average P/E of 29x in the IT industry in Japan. Total returns to shareholders over the past three years are 241%. Reported Earnings • Jan 30
Second quarter 2021 earnings released: EPS JP¥13.86 (vs JP¥9.02 in 2Q 2020) The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2021 results: Revenue: JP¥4.04b (flat on 2Q 2020). Net income: JP¥520.9m (up 54% from 2Q 2020). Profit margin: 13% (up from 8.4% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Over the next year, revenue is forecast to grow 9.9%, compared to a 8.1% growth forecast for the IT industry in Japan. Announcement • Jan 22
AVANT Corporation Announces Strategic Alliance with Metapraxis AVANT Corporation announced that at the Board of Directors meeting held on January 20, 2021, it was resolved to form a capital and business alliance with Metapraxis. Under the agreement between AVANT Corporation and Metapraxis, the Avant Group collectively with Metapraxis will work on the development of the Japanese version of "Empower," the Metapraxis business intelligence technology, which specialises in assisting in planning, analysis, and visualising a company's financial performance, thereby promoting Digital Transformation (DX). Empower has been developed by Metapraxis and is marketed in the European and U.S. markets, and Avant will acquire an exclusive right to market the solution in Japan. Is New 90 Day High Low • Jan 21
New 90-day high: JP¥1,256 The company is up 6.0% from its price of JP¥1,186 on 23 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the IT industry, which is also up 6.0% over the same period. Announcement • Dec 27
Avant Corporation to Report Q2, 2021 Results on Jan 29, 2021 Avant Corporation announced that they will report Q2, 2021 results on Jan 29, 2021 Announcement • Oct 01
Avant Corporation to Report Q1, 2021 Results on Oct 30, 2020 Avant Corporation announced that they will report Q1, 2021 results on Oct 30, 2020