Announcement • Jan 27
LAC Co., Ltd. to Delist from Standard Section of the Tokyo Stock Exchange, Effective February 25, 2025 LAC Co., Ltd. will be delisted from Standard Section of the Tokyo Stock Exchange effective from February 25, 2025, due to acquisition by a demand for share, etc. cash-out. Announcement • Jan 17
KDDI Corporation (TSE:9433) Completed the acquisition of 60.8% stake in LAC Co., Ltd. (TSE:3857) for ¥21.8 billion. KDDI Corporation (TSE:9433) proposed to acquire remaining 68.4% stake in LAC Co., Ltd. (TSE:3857) for ¥24.6 billion on November 7, 2024. A cash consideration valued at ¥1160 per share will be paid by KDDI Corporation.
SMBC Nikko Securities Inc. acted as financial advisor for LAC Co., Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor for LAC Co., Ltd. Mizuho Securities Co., Ltd. acted as financial advisor for KDDI Corporation. Nishimura & Asahi acted as legal advisor for KDDI Corporation.
KDDI Corporation (TSE:9433) Completed the acquisition of 60.8% stake in LAC Co., Ltd. (TSE:3857) for ¥21.8 billion on January 15, 2025. Announcement • Jan 03
LAC Co., Ltd. to Report Q3, 2025 Results on Feb 13, 2025 LAC Co., Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 Reported Earnings • Nov 09
First half 2025 earnings released: EPS: JP¥8.72 (vs JP¥4.61 in 1H 2024) First half 2025 results: EPS: JP¥8.72 (up from JP¥4.61 in 1H 2024). Revenue: JP¥26.4b (up 17% from 1H 2024). Net income: JP¥263.0m (up 89% from 1H 2024). Profit margin: 1.0% (up from 0.6% in 1H 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Nov 08
KDDI Corporation (TSE:9433) proposed to acquire remaining 68.4% stake in LAC Co., Ltd. (TSE:3857) for ¥24.6 billion. KDDI Corporation (TSE:9433) proposed to acquire remaining 68.4% stake in LAC Co., Ltd. (TSE:3857) for ¥24.6 billion on November 7, 2024. A cash consideration valued at ¥1160 per share will be paid by KDDI Corporation.
SMBC Nikko Securities Inc. acted as financial advisor for LAC Co., Ltd. Anderson Mori & Tomotsune LPC acted as legal advisor for LAC Co., Ltd. Mizuho Securities Co., Ltd. acted as financial advisor for KDDI Corporation. Nishimura & Asahi acted as legal advisor for KDDI Corporation. Announcement • Sep 27
LAC Co., Ltd. to Report Q2, 2025 Results on Nov 07, 2024 LAC Co., Ltd. announced that they will report Q2, 2025 results on Nov 07, 2024 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: 04 December 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Reported Earnings • Aug 13
First quarter 2025 earnings released: JP¥1.23 loss per share (vs JP¥1.86 loss in 1Q 2024) First quarter 2025 results: JP¥1.23 loss per share (improved from JP¥1.86 loss in 1Q 2024). Revenue: JP¥13.2b (up 14% from 1Q 2024). Net loss: JP¥37.0m (loss narrowed 34% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 19% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥682, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 24% over the past three years. Announcement • Jun 28
LAC Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 LAC Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 16
Full year 2024 earnings released: EPS: JP¥45.70 (vs JP¥4.87 loss in FY 2023) Full year 2024 results: EPS: JP¥45.70 (up from JP¥4.87 loss in FY 2023). Revenue: JP¥49.5b (up 12% from FY 2023). Net income: JP¥1.38b (up JP¥1.53b from FY 2023). Profit margin: 2.8% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • May 15
LAC Co., Ltd., Annual General Meeting, Jun 25, 2024 LAC Co., Ltd., Annual General Meeting, Jun 25, 2024. Announcement • Apr 22
LAC Co., Ltd. to Report Fiscal Year 2024 Results on May 14, 2024 LAC Co., Ltd. announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio and cash payout ratio are on the higher end at 90% and 79% respectively. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥875, the stock trades at a trailing P/E ratio of 20.7x. Average trailing P/E is 19x in the IT industry in Japan. Total loss to shareholders of 6.9% over the past three years. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥7.76 (vs JP¥35.46 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥7.76 (up from JP¥35.46 loss in 3Q 2023). Revenue: JP¥12.6b (up 17% from 3Q 2023). Net income: JP¥234.0m (up JP¥1.30b from 3Q 2023). Profit margin: 1.9% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Jan 06
LAC Co., Ltd. to Report Q3, 2024 Results on Feb 08, 2024 LAC Co., Ltd. announced that they will report Q3, 2024 results on Feb 08, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: EPS: JP¥6.46 (vs JP¥5.60 in 2Q 2023) Second quarter 2024 results: EPS: JP¥6.46 (up from JP¥5.60 in 2Q 2023). Revenue: JP¥11.0b (up 8.0% from 2Q 2023). Net income: JP¥195.0m (up 15% from 2Q 2023). Profit margin: 1.8% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Sep 28
LAC Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023 LAC Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥12.00 per share at 3.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Reported Earnings • Aug 09
First quarter 2024 earnings released: JP¥1.86 loss per share (vs JP¥4.94 loss in 1Q 2023) First quarter 2024 results: JP¥1.86 loss per share (improved from JP¥4.94 loss in 1Q 2023). Revenue: JP¥11.6b (up 14% from 1Q 2023). Net loss: JP¥56.0m (loss narrowed 62% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Announcement • Jun 26
LAC Co., Ltd. to Report Q1, 2024 Results on Aug 08, 2023 LAC Co., Ltd. announced that they will report Q1, 2024 results on Aug 08, 2023 Reported Earnings • Jun 24
Full year 2023 earnings released: JP¥4.87 loss per share (vs JP¥53.59 profit in FY 2022) Full year 2023 results: JP¥4.87 loss per share (down from JP¥53.59 profit in FY 2022). Revenue: JP¥44.0b (up 3.2% from FY 2022). Net loss: JP¥147.0m (down 111% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • May 18
Full year 2023 earnings released: JP¥4.87 loss per share (vs JP¥53.59 profit in FY 2022) Full year 2023 results: JP¥4.87 loss per share (down from JP¥53.59 profit in FY 2022). Revenue: JP¥44.0b (up 3.2% from FY 2022). Net loss: JP¥147.0m (down 111% from profit in FY 2022). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • May 14
LAC Co., Ltd., Annual General Meeting, Jun 21, 2023 LAC Co., Ltd., Annual General Meeting, Jun 21, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share at 3.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 23 June 2023. The company is not currently making a profit but it is cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 14
Third quarter 2023 earnings released: JP¥35.46 loss per share (vs JP¥15.61 profit in 3Q 2022) Third quarter 2023 results: JP¥35.46 loss per share (down from JP¥15.61 profit in 3Q 2022). Revenue: JP¥10.8b (down 1.5% from 3Q 2022). Net loss: JP¥1.07b (down 368% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Announcement • Dec 15
LAC Co., Ltd. to Report Q3, 2023 Results on Feb 13, 2023 LAC Co., Ltd. announced that they will report Q3, 2023 results on Feb 13, 2023 Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Michihiro Sasaki was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 11
Second quarter 2023 earnings released: EPS: JP¥5.60 (vs JP¥5.67 in 2Q 2022) Second quarter 2023 results: EPS: JP¥5.60. Revenue: JP¥10.2b (up 4.7% from 2Q 2022). Net income: JP¥169.0m (up 17% from 2Q 2022). Profit margin: 1.7% (up from 1.5% in 2Q 2022). The increase in margin was driven by higher revenue. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Buying Opportunity • Sep 15
Now 21% undervalued Over the last 90 days, the stock is up 7.1%. The fair value is estimated to be JP¥1,031, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has declined by 17%. Announcement • Sep 09
LAC Co., Ltd. to Report Q2, 2023 Results on Nov 09, 2022 LAC Co., Ltd. announced that they will report Q2, 2023 results on Nov 09, 2022 Buying Opportunity • Aug 24
Now 20% undervalued Over the last 90 days, the stock is up 3.9%. The fair value is estimated to be JP¥1,031, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years. Earnings per share has declined by 17%. Reported Earnings • Aug 12
First quarter 2023 earnings released: JP¥4.94 loss per share (vs JP¥0.74 loss in 1Q 2022) First quarter 2023 results: JP¥4.94 loss per share (down from JP¥0.74 loss in 1Q 2022). Revenue: JP¥10.2b (up 2.6% from 1Q 2022). Net loss: JP¥149.0m (loss widened JP¥130.0m from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 20% per year. Announcement • Jul 01
LAC Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022 LAC Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • Jun 26
Full year 2022 earnings released Full year 2022 results: Revenue: JP¥42.7b (down 2.4% from FY 2021). Net income: JP¥1.40b (up 361% from FY 2021). Profit margin: 3.3% (up from 0.7% in FY 2021). The increase in margin was driven by lower expenses. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥53.59 (vs JP¥11.89 in FY 2021) Full year 2022 results: EPS: JP¥53.59 (up from JP¥11.89 in FY 2021). Revenue: JP¥42.7b (down 2.4% from FY 2021). Net income: JP¥1.40b (up 361% from FY 2021). Profit margin: 3.3% (up from 0.7% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 28% per year whereas the company’s share price has fallen by 24% per year. Announcement • May 15
LAC Co., Ltd., Annual General Meeting, Jun 22, 2022 LAC Co., Ltd., Annual General Meeting, Jun 22, 2022. Board Change • Apr 27
Less than half of directors are independent There are 9 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 9 new directors. 1 experienced director. 2 highly experienced directors. 4 independent directors (5 non-independent directors). CEO, President & Representative Director Itsuro Nishimoto is the most experienced director on the board, commencing their role in 1991. Independent Outside Director Michihiro Sasaki was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 07
LAC Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 LAC Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Announcement • Feb 15
LAC Co., Ltd. announced that it has received ¥3.29615 billion in funding from Nomura Research Institute, Ltd., KDDI Corporation On February 14, 2022, LAC Co., Ltd closed the transaction. Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: JP¥15.61 (up from JP¥7.59 in 3Q 2021). Revenue: JP¥10.9b (up 1.6% from 3Q 2021). Net income: JP¥399.0m (up 106% from 3Q 2021). Profit margin: 3.6% (up from 1.8% in 3Q 2021). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) missed analyst estimates by 72%. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Jan 22
LAC Co., Ltd. announced that it expects to receive ¥3.29615 billion in funding from Nomura Research Institute, Ltd., KDDI Corporation LAC Co., Ltd. announced a private placement of 4,610,000 shares at an issue price of ¥715 per share for gross proceeds of ¥3,296,150,000 on January 21, 2022. The transaction will include participation from Nomura Research Institute, Ltd. for 3,130,000 shares and KDDI Corporation for 1,480,000 shares. The transaction is expected to close on February 14, 2022. The company will received funding through third-party allotment of capital. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥5.67 (vs JP¥9.90 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥9.76b (down 5.5% from 2Q 2021). Net income: JP¥145.0m (down 43% from 2Q 2021). Profit margin: 1.5% (down from 2.5% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 06
First quarter 2022 earnings released: JP¥0.74 loss per share (vs JP¥8.22 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥9.91b (up 7.9% from 1Q 2021). Net loss: JP¥19.0m (loss narrowed 91% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 27
Full year 2021 earnings released: EPS JP¥11.89 (vs JP¥42.69 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥43.7b (up 8.0% from FY 2020). Net income: JP¥304.0m (down 72% from FY 2020). Profit margin: 0.7% (down from 2.7% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year whereas the company’s share price has fallen by 16% per year. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥11.89 (vs JP¥42.69 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥43.7b (up 8.0% from FY 2020). Net income: JP¥304.0m (down 72% from FY 2020). Profit margin: 0.7% (down from 2.7% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 22 June 2021. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%). Announcement • Mar 12
LAC Co., Ltd. to Report Fiscal Year 2021 Results on May 12, 2021 LAC Co., Ltd. announced that they will report fiscal year 2021 results on May 12, 2021 Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS JP¥7.59 (vs JP¥8.61 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥10.8b (up 7.9% from 3Q 2020). Net income: JP¥194.0m (down 12% from 3Q 2020). Profit margin: 1.8% (down from 2.2% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year. Analyst Estimate Surprise Post Earnings • Feb 11
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 8.7%, compared to a 8.8% growth forecast for the IT industry in Japan. Is New 90 Day High Low • Dec 28
New 90-day low: JP¥997 The company is down 23% from its price of JP¥1,296 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,208 per share. Announcement • Dec 12
LAC Co., Ltd. to Report Q3, 2021 Results on Feb 09, 2021 LAC Co., Ltd. announced that they will report Q3, 2021 results on Feb 09, 2021 Is New 90 Day High Low • Dec 10
New 90-day low: JP¥1,045 The company is down 12% from its price of JP¥1,189 on 11 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,227 per share. Analyst Estimate Surprise Post Earnings • Nov 18
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 8.5%, compared to a 8.2% growth forecast for the IT industry in Japan. Is New 90 Day High Low • Nov 17
New 90-day low: JP¥1,084 The company is down 11% from its price of JP¥1,222 on 19 August 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,061 per share. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 9.5%, compared to a 8.1% growth forecast for the IT industry in Japan. Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS JP¥9.90 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥10.3b (up 6.9% from 2Q 2020). Net income: JP¥253.0m (up 92% from 2Q 2020). Profit margin: 2.5% (up from 1.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 7% per year. Is New 90 Day High Low • Oct 13
New 90-day high: JP¥1,315 The company is up 20% from its price of JP¥1,095 on 15 July 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,091 per share. Announcement • Oct 04
LAC Co., Ltd. to Report Q2, 2021 Results on Nov 10, 2020 LAC Co., Ltd. announced that they will report Q2, 2021 results on Nov 10, 2020 Is New 90 Day High Low • Sep 25
New 90-day high: JP¥1,291 The company is up 4.0% from its price of JP¥1,240 on 26 June 2020. The Japanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the IT industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥1,112 per share. 
