Board Change • Jul 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. President & Director Takahiro Kamei was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 28
Comture Corporation announces Quarterly dividend, payable on August 31, 2026 Comture Corporation announced Quarterly dividend of JPY 13.0000 per share payable on August 31, 2026, ex-date on June 29, 2026 and record date on June 30, 2026. Reported Earnings • May 20
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥103 (up from JP¥99.10 in FY 2025). Revenue: JP¥38.1b (up 4.9% from FY 2025). Net income: JP¥3.28b (up 3.9% from FY 2025). Profit margin: 8.6% (down from 8.7% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 8.1%. Revenue is forecast to grow 6.3% 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 6% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • May 15
Comture Corporation, Annual General Meeting, Jun 26, 2026 Comture Corporation, Annual General Meeting, Jun 26, 2026. Announcement • May 10
Comture Corporation to Report Fiscal Year 2026 Results on May 15, 2026 Comture Corporation announced that they will report fiscal year 2026 results on May 15, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.50 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Declared Dividend • Feb 28
Third quarter dividend of JP¥12.50 announced Shareholders will receive a dividend of JP¥12.50. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 3.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (49% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 18% 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 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 14
Comture Corporation Announces Dividend for the Third Quarter of Year Ending March 31, 2026, Payable on February 27, 2026 Comture Corporation announced dividend For the third quarter of year ending March 31, 2026, . For the quarter, company announced dividend of ¥12.50 per share against ¥12.00 per share a year ago. Scheduled date to commence dividend payments is February 27, 2026. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥23.14 (vs JP¥25.93 in 3Q 2025) Third quarter 2026 results: EPS: JP¥23.14 (down from JP¥25.93 in 3Q 2025). Revenue: JP¥9.39b (up 3.5% from 3Q 2025). Net income: JP¥738.0m (down 11% from 3Q 2025). Profit margin: 7.9% (down from 9.1% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 5.2% 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 12% per year, which means it is significantly lagging earnings. Announcement • Feb 07
Comture Corporation announces Quarterly dividend, payable on June 30, 2026 Comture Corporation announced Quarterly dividend of JPY 12.5000 per share payable on June 30, 2026, ex-date on March 30, 2026 and record date on March 31, 2026. Buy Or Sell Opportunity • Jan 22
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 6.6% to JP¥1,720. The fair value is estimated to be JP¥1,427, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.1%. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period. Price Target Changed • Jan 07
Price target decreased by 8.6% to JP¥1,920 Down from JP¥2,100, the current price target is provided by 1 analyst. New target price is 12% above last closing price of JP¥1,708. Stock is down 20% over the past year. The company is forecast to post earnings per share of JP¥104 for next year compared to JP¥99.10 last year. Buy Or Sell Opportunity • Dec 15
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 1.0% to JP¥1,704. The fair value is estimated to be JP¥1,405, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 9.1%. For the next 3 years, revenue is forecast to grow by 7.8% per annum. Earnings are also forecast to grow by 6.8% per annum over the same time period. Announcement • Dec 06
Comture Corporation to Report Q3, 2026 Results on Feb 06, 2026 Comture Corporation announced that they will report Q3, 2026 results on Feb 06, 2026 Declared Dividend • Nov 29
Second quarter dividend of JP¥12.50 announced Shareholders will receive a dividend of JP¥12.50. Ex-date: 29th December 2025 Payment date: 1st January 1970 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 (23% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 21% 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 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥26.03 (vs JP¥24.34 in 2Q 2025) Second quarter 2026 results: EPS: JP¥26.03 (up from JP¥24.34 in 2Q 2025). Revenue: JP¥9.70b (up 7.2% from 2Q 2025). Net income: JP¥830.0m (up 7.0% from 2Q 2025). Profit margin: 8.6% (in line with 2Q 2025). Revenue is forecast to grow 8.1% 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 9% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Nov 08
Comture Corporation announces Quarterly dividend Comture Corporation announced Quarterly dividend of JPY 12.5000 per share, ex-date on December 29, 2025 and record date on December 31, 2025. Price Target Changed • Oct 07
Price target decreased by 11% to JP¥2,010 Down from JP¥2,250, the current price target is an average from 2 analysts. New target price is 22% above last closing price of JP¥1,652. Stock is down 11% over the past year. The company is forecast to post earnings per share of JP¥103 for next year compared to JP¥99.10 last year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥12.50 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 01 December 2025. Payout ratio is a comfortable 48% 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 (1.2%). Announcement • Sep 14
Comture Corporation to Report Q2, 2026 Results on Nov 07, 2025 Comture Corporation announced that they will report Q2, 2026 results on Nov 07, 2025 Declared Dividend • Aug 30
First quarter dividend of JP¥12.50 announced Shareholders will receive a dividend of JP¥12.50. Ex-date: 29th September 2025 Payment date: 1st December 2025 Dividend yield will be 2.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (48% earnings payout ratio) and cash flows (70% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥17.91 (vs JP¥15.75 in 1Q 2025) First quarter 2026 results: EPS: JP¥17.91 (up from JP¥15.75 in 1Q 2025). Revenue: JP¥8.96b (up 2.3% from 1Q 2025). Net income: JP¥571.0m (up 14% from 1Q 2025). Profit margin: 6.4% (up from 5.7% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.9% 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 10% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Announcement • Aug 09
Comture Corporation announces Quarterly dividend, payable on December 01, 2025 Comture Corporation announced Quarterly dividend of JPY 12.5000 per share payable on December 01, 2025, ex-date on September 29, 2025 and record date on September 30, 2025. Announcement • Jun 27
Comture Corporation Announces Board Changes Comture Corporation appointed Directors as follows, in accordance with the approval at the 41st Ordinary General Meeting of Shareholders held on June 27, 2025, and the resolution of the Board of Directors meeting held following this shareholders meeting. Koji Tarutani, current Outside Director (Full-time Audit & Supervisory Committee Member), is appointed as Representative Director, Senior Managing Executive Officer. Mari Ikegaki and Miwako Shimizu is appointed as Outside Directors (Audit & Supervisory Committee Members). Chihiro Sawada is appointed as Representative Director, President and Member of the Nomination and Remuneration Advisory Committee. Koji Tarutani is appointed as Representative Director, Senior Managing Executive Officer. Yutaka Harada is appointed as Outside Director (Audit & Supervisory Committee Member) and Audit & Supervisory Committee Member (Chairman), Member of the Nomination and Remuneration Advisory Committee (Chairman). Naoko Kimura is appointed as Outside Director (Audit & Supervisory Committee Member). Mari Ikegaki is appointed as Outside Director (Audit & Supervisory Committee Member) and Member of the Nomination and Remuneration Advisory Committee. Miwako Shimizu is appointed as Outside Director (Audit & Supervisory Committee Member). Announcement • Jun 14
Comture Corporation to Report Q1, 2026 Results on Aug 08, 2025 Comture Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 Announcement • Jun 04
Comture Corporation announces Quarterly dividend, payable on September 01, 2025 Comture Corporation announced Quarterly dividend of JPY 12.5000 per share payable on September 01, 2025, ex-date on June 27, 2025 and record date on June 30, 2025. Reported Earnings • May 20
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥99.10 (up from JP¥98.34 in FY 2024). Revenue: JP¥36.3b (up 6.3% from FY 2024). Net income: JP¥3.16b (flat on FY 2024). Profit margin: 8.7% (down from 9.2% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%. Revenue is forecast to grow 6.4% 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 10% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • May 15
Comture Corporation, Annual General Meeting, Jun 27, 2025 Comture Corporation, Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,375, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the IT industry in Japan. Total loss to shareholders of 51% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,437 per share. Buy Or Sell Opportunity • Mar 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to JP¥1,710. The fair value is estimated to be JP¥2,150, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 9.7%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 7.5% per annum over the same time period. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 48% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%). Announcement • Mar 20
Comture Corporation (TSE:3844) agreed to acquire Human Interactive Technology inc. from Fujio Kawabata. Comture Corporation (TSE:3844) agreed to acquire Human Interactive Technology inc. from Fujio Kawabata on March 19, 2025.
As of March 31, 2024 Human Interactive Technology inc. reported total revenue of ¥? 923 million, total assets of ¥? 721 million, EBIT of ¥? 135 million and total common equity of ¥? 496 million. The expected completion of the transaction is June 30, 2025. Announcement • Mar 19
Comture Corporation Announces Directorate Resignations Comture Corporation announced that Osamu Noma, Representative Director, Senior Executive Vice President, Junko Dochi, Outside Director and Masayuki Tsuzuki, Outside Director (Audit & Supervisory Committee Member) are scheduled to resign at conclusion of the Annual General Meeting to be held in late June 2025). Announcement • Mar 14
Comture Corporation to Report Fiscal Year 2025 Results on May 08, 2025 Comture Corporation announced that they will report fiscal year 2025 results on May 08, 2025 Declared Dividend • Mar 01
Third quarter dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (48% earnings payout ratio) but not covered by cash flows (143% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 05
Third quarter 2025 earnings released: EPS: JP¥25.93 (vs JP¥27.04 in 3Q 2024) Third quarter 2025 results: EPS: JP¥25.93 (down from JP¥27.04 in 3Q 2024). Revenue: JP¥9.07b (up 6.1% from 3Q 2024). Net income: JP¥827.0m (down 4.1% from 3Q 2024). Profit margin: 9.1% (down from 10% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% 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 10% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. New Risk • Jan 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.3% average weekly change). High level of non-cash earnings (37% accrual ratio). Minor Risk Dividend is not well covered by cash flows (143% cash payout ratio). Buy Or Sell Opportunity • Dec 24
Now 21% undervalued Over the last 90 days, the stock has risen 39% to JP¥2,282. The fair value is estimated to be JP¥2,873, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 9.8%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 26% in the next 2 years. Announcement • Dec 20
Comture Corporation to Report Q3, 2025 Results on Feb 04, 2025 Comture Corporation announced that they will report Q3, 2025 results on Feb 04, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 February 2025. Payout ratio is a comfortable 23% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Declared Dividend • Nov 30
Second quarter dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 27th December 2024 Payment date: 28th February 2025 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (23% earnings payout ratio) but not covered by cash flows (286% 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 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 07
Second quarter 2025 earnings released: EPS: JP¥24.34 (vs JP¥21.74 in 2Q 2024) Second quarter 2025 results: EPS: JP¥24.34 (up from JP¥21.74 in 2Q 2024). Revenue: JP¥9.04b (up 4.4% from 2Q 2024). Net income: JP¥776.0m (up 12% from 2Q 2024). Profit margin: 8.6% (up from 8.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.3% 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 12% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Nov 06
Now 21% undervalued Over the last 90 days, the stock has risen 55% to JP¥2,312. The fair value is estimated to be JP¥2,938, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 9.7%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 26% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥2,280, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the IT industry in Japan. Total loss to shareholders of 28% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,939 per share. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Announcement • Sep 12
Comture Corporation to Report Q2, 2025 Results on Nov 05, 2024 Comture Corporation announced that they will report Q2, 2025 results on Nov 05, 2024 Announcement • Aug 15
Comture Corporation Announces Dividend for the First Quarter of Fiscal Year Ending March 31, 2025, Payable on August 30, 2024 Comture Corporation announced the dividend of JPY 12.00 per share for the first quarter of Fiscal year ending March 31, 2025, payable on August 30, 2024 against JPY 11.50 per share a year ago. Reported Earnings • Aug 08
First quarter 2025 earnings released: EPS: JP¥15.75 (vs JP¥17.51 in 1Q 2024) First quarter 2025 results: EPS: JP¥15.75 (down from JP¥17.51 in 1Q 2024). Revenue: JP¥8.75b (up 8.1% from 1Q 2024). Net income: JP¥502.0m (down 10.0% from 1Q 2024). Profit margin: 5.7% (down from 6.9% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.8% 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 17% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 08
First quarter dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 3.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (36% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 22% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 07
Comture Corporation announces Quarterly dividend, payable on December 02, 2024 Comture Corporation announced Quarterly dividend of JPY 12.0000 per share payable on December 02, 2024, ex-date on September 27, 2024 and record date on September 30, 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 6.3% 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 (6.3% average weekly change). 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¥1,399, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the IT industry in Japan. Total loss to shareholders of 43% over the past three years. Reported Earnings • Jun 28
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: JP¥98.34 (up from JP¥84.55 in FY 2023). Revenue: JP¥34.2b (up 18% from FY 2023). Net income: JP¥3.14b (up 16% from FY 2023). Profit margin: 9.2% (down from 9.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 11% 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 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Jun 27
Comture Corporation to Report Q1, 2025 Results on Aug 06, 2024 Comture Corporation announced that they will report Q1, 2025 results on Aug 06, 2024 Upcoming Dividend • Jun 20
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 02 September 2024. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.6%). Declared Dividend • May 27
Fourth quarter dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 27th June 2024 Payment date: 2nd September 2024 Dividend yield will be 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 12
Full year 2024 earnings: EPS in line with expectations, revenues disappoint Full year 2024 results: EPS: JP¥98.34 (up from JP¥84.55 in FY 2023). Revenue: JP¥34.2b (up 18% from FY 2023). Net income: JP¥3.14b (up 16% from FY 2023). Profit margin: 9.2% (down from 9.3% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 12
Comture Corporation, Annual General Meeting, Jun 21, 2024 Comture Corporation, Annual General Meeting, Jun 21, 2024. Announcement • Mar 24
Comture Corporation to Report Fiscal Year 2024 Results on May 10, 2024 Comture Corporation announced that they will report fiscal year 2024 results on May 10, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥11.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 51% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Buy Or Sell Opportunity • Mar 08
Now 21% undervalued Over the last 90 days, the stock has risen 12% to JP¥2,076. The fair value is estimated to be JP¥2,637, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 9.7%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,114, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the IT industry in Japan. Total loss to shareholders of 17% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥2,640 per share. Declared Dividend • Feb 03
Third quarter dividend of JP¥11.50 announced Shareholders will receive a dividend of JP¥11.50. Ex-date: 28th March 2024 Payment date: 26th June 2024 Dividend yield will be 2.4%, 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 (56% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥27.04 (vs JP¥23.81 in 3Q 2023) Third quarter 2024 results: EPS: JP¥27.04 (up from JP¥23.81 in 3Q 2023). Revenue: JP¥8.55b (up 17% from 3Q 2023). Net income: JP¥862.0m (up 14% from 3Q 2023). Profit margin: 10% (in line with 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Feb 01
Comture Corporation Announces Dividend for the Third Quarter-End of the Fiscal Year Ending March 31, 2024, Payable on February 29, 2024; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024 Comture Corporation announced dividend of JPY 11.50 per share for the third quarter-end of the fiscal year ending March 31, 2024 against JPY 11.00 per share paid a year ago. Scheduled date of commencing dividend payments: February 29, 2024.The company provided dividend guidance for the fiscal year ending March 31, 2024. For the year-end, the company expects to pay dividend of JPY 11.50 per share against JPY 11.00 per share paid a year ago. Buying Opportunity • Jan 17
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 15%. The fair value is estimated to be JP¥2,333, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 12% per annum over the same time period. Buying Opportunity • Dec 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be JP¥2,321, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to grow by 37% in the next 2 years. Announcement • Dec 24
Comture Corporation to Report Q3, 2024 Results on Jan 31, 2024 Comture Corporation announced that they will report Q3, 2024 results on Jan 31, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥11.50 per share at 2.6% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 28 February 2024. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%). Buying Opportunity • Dec 08
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be JP¥2,344, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to grow by 37% in the next 2 years. Buying Opportunity • Nov 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be JP¥2,438, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 31% in 2 years. Earnings is forecast to grow by 37% in the next 2 years. Reported Earnings • Nov 01
Second quarter 2024 earnings: EPS misses analyst expectations Second quarter 2024 results: EPS: JP¥21.74 (down from JP¥22.21 in 2Q 2023). Revenue: JP¥8.66b (up 21% from 2Q 2023). Net income: JP¥693.0m (down 2.1% from 2Q 2023). Profit margin: 8.0% (down from 9.8% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.3%. Revenue is forecast to grow 12% 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 but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Price Target Changed • Oct 19
Price target decreased by 8.4% to JP¥2,350 Down from JP¥2,567, the current price target is an average from 2 analysts. New target price is 9.3% above last closing price of JP¥2,150. Stock is down 10% over the past year. The company is forecast to post earnings per share of JP¥101 for next year compared to JP¥84.55 last year. Announcement • Sep 28
Comture Corporation to Report Q2, 2024 Results on Oct 30, 2023 Comture Corporation announced that they will report Q2, 2024 results on Oct 30, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥11.50 per share at 1.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 51% and the cash payout ratio is 77%. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Announcement • Aug 05
Comture Corporation Announces Dividend for the First Quarter of Fiscal Year Ending March 31, 2024, Payable August 31, 2023 Comture Corporation announced dividend of JPY 11.50 per share for the first quarter of Fiscal year ending March 31, 2024 compared to JPY 11 per share paid a year ago. Scheduled date of payment of dividend: August 31, 2023. Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥17.51 (vs JP¥15.00 in 1Q 2023) First quarter 2024 results: EPS: JP¥17.51 (up from JP¥15.00 in 1Q 2023). Revenue: JP¥8.10b (up 18% from 1Q 2023). Net income: JP¥558.0m (up 17% from 1Q 2023). Profit margin: 6.9% (down from 7.0% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥11.50 per share at 2.2% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 31 August 2023. Payout ratio is a comfortable 52% and the cash payout ratio is 77%. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.6%). Announcement • May 17
Comture Corporation, Annual General Meeting, Jun 23, 2023 Comture Corporation, Annual General Meeting, Jun 23, 2023. Reported Earnings • May 16
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥84.55 (up from JP¥78.97 in FY 2022). Revenue: JP¥29.1b (up 16% from FY 2022). Net income: JP¥2.70b (up 7.1% from FY 2022). Profit margin: 9.3% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.3%. Revenue is forecast to grow 10% 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 11% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Price Target Changed • Apr 11
Price target decreased by 7.1% to JP¥2,633 Down from JP¥2,833, the current price target is an average from 3 analysts. New target price is 30% above last closing price of JP¥2,023. Stock is down 30% over the past year. The company is forecast to post earnings per share of JP¥85.63 for next year compared to JP¥78.97 last year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥11.00 per share at 2.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Announcement • Feb 07
Comture Corporation Provides Earnings Guidance for the Fiscal Year Ending March 31, 2023 Comture Corporation provided earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects net sales of JPY 28,800 million, operating profit of JPY 4,660 million, Profit attributable to owners of parent of JPY 3,080 million and net income per share of JPY 96.62.