New Risk • Jun 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.60b (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Reported Earnings • May 20
Full year 2026 earnings released: JP¥23.80 loss per share (vs JP¥48.75 profit in FY 2025) Full year 2026 results: JP¥23.80 loss per share (down from JP¥48.75 profit in FY 2025). Revenue: JP¥1.29b (down 80% from FY 2025). Net loss: JP¥204.0m (down 156% from profit in FY 2025). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • May 15
Showcase Inc., Annual General Meeting, Jun 29, 2026 Showcase Inc., Annual General Meeting, Jun 29, 2026. Reported Earnings • Feb 18
Full year 2025 earnings released: EPS: JP¥94.49 (vs JP¥105 loss in FY 2024) Full year 2025 results: EPS: JP¥94.49 (up from JP¥105 loss in FY 2024). Revenue: JP¥2.90b (down 53% from FY 2024). Net income: JP¥810.0m (up JP¥1.55b from FY 2024). Profit margin: 28% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 18
Third quarter 2025 earnings released: JP¥20.76 loss per share (vs JP¥78.31 loss in 3Q 2024) Third quarter 2025 results: JP¥20.76 loss per share (improved from JP¥78.31 loss in 3Q 2024). Revenue: JP¥288.0m (down 80% from 3Q 2024). Net loss: JP¥178.0m (loss narrowed 67% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Nov 08
Showcase Inc. to Report Q3, 2025 Results on Nov 14, 2025 Showcase Inc. announced that they will report Q3, 2025 results on Nov 14, 2025 New Risk • Sep 05
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 8.3% 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 (8.3% average weekly change). High level of non-cash earnings (52% accrual ratio). Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (JP¥3.69b market cap, or US$24.9m). Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥368, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 8.7% over the past three years. New Risk • Aug 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 52% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (52% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (JP¥2.85b market cap, or US$19.4m). Reported Earnings • Aug 16
Second quarter 2025 earnings released: JP¥8.05 loss per share (vs JP¥13.22 loss in 2Q 2024) Second quarter 2025 results: JP¥8.05 loss per share (improved from JP¥13.22 loss in 2Q 2024). Revenue: JP¥323.0m (down 81% from 2Q 2024). Net loss: JP¥69.0m (loss narrowed 25% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Aug 07
Showcase Inc. to Report Q2, 2025 Results on Aug 14, 2025 Showcase Inc. announced that they will report Q2, 2025 results on Aug 14, 2025 Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥373, the stock trades at a trailing P/E ratio of 8.8x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 15% over the past three years. New Risk • Jun 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (JP¥2.73b market cap, or US$18.7m). Reported Earnings • May 21
First quarter 2025 earnings released: EPS: JP¥123 (vs JP¥7.62 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥123 (up from JP¥7.62 loss in 1Q 2024). Revenue: JP¥1.97b (up 23% from 1Q 2024). Net income: JP¥1.05b (up JP¥1.11b from 1Q 2024). Profit margin: 54% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 10% per year. Announcement • Mar 28
Showcase Inc. to Report Q1, 2025 Results on May 15, 2025 Showcase Inc. announced that they will report Q1, 2025 results on May 15, 2025 Reported Earnings • Mar 27
Full year 2024 earnings released: JP¥105 loss per share (vs JP¥14.49 loss in FY 2023) Full year 2024 results: JP¥105 loss per share (further deteriorated from JP¥14.49 loss in FY 2023). Revenue: JP¥6.21b (up 9.3% from FY 2023). Net loss: JP¥742.0m (loss widened JP¥625.0m from FY 2023). Over the last 3 years on average, earnings per share has fallen by 62% 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 • Mar 01
Seacastle Singapore Pte Ltd. agreed to acquire 33.21% stake in ReYuu Japan Inc. (TSE:9425) from Showcase Inc. (TSE:3909) for ¥1.3 billion. Seacastle Singapore Pte Ltd. agreed to acquire 33.21% stake in ReYuu Japan Inc. (TSE:9425) from Showcase Inc. (TSE:3909) for ¥1.3 billion on February 28, 2025. A cash consideration of ¥1.27 billion valued at ¥700 per share will be paid by Seacastle Singapore Pte Ltd. As part of consideration, ¥1.27 billion is paid towards common equity of ReYuu Japan Inc.
For the period ending October 31, 2024, ReYuu Japan Inc. reported total revenue of ¥4.73 billion, operating loss of ¥64.04 million and net loss of ¥86.16 million. As of October 31, 2024, ReYuu Japan Inc. reported total assets of ¥1.89 billion and total common equity of ¥866.46 million.
The transaction is subject to approval of offer by target shareholders. The expected completion of the transaction is March 25, 2025. New Risk • Feb 18
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -JP¥901m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥901m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 54% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (JP¥2.85b market cap, or US$18.7m). Reported Earnings • Feb 17
Full year 2024 earnings released: JP¥105 loss per share (vs JP¥14.49 loss in FY 2023) Full year 2024 results: JP¥105 loss per share (further deteriorated from JP¥14.49 loss in FY 2023). Revenue: JP¥6.21b (up 9.3% from FY 2023). Net loss: JP¥742.0m (loss widened JP¥625.0m from FY 2023). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Feb 14
Showcase Inc., Annual General Meeting, Mar 24, 2025 Showcase Inc., Annual General Meeting, Mar 24, 2025. New Risk • Jan 16
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 46% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 45% per year over the past 5 years. Shareholders have been substantially diluted in the past year (46% increase in shares outstanding). Minor Risk Market cap is less than US$100m (JP¥3.05b market cap, or US$19.5m). New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Shareholders have been diluted in the past year (46% increase in shares outstanding). Market cap is less than US$100m (JP¥3.09b market cap, or US$19.6m). Announcement • Jan 03
Showcase Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025 Showcase Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025 New Risk • Jan 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 46% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 45% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (46% increase in shares outstanding). Market cap is less than US$100m (JP¥3.06b market cap, or US$19.4m). Announcement • Nov 16
Showcase Inc. announced that it expects to receive ¥677.418 million in funding from Ai Fusion Capital Group Corp. Showcase Inc. announced a private placement to issue 1,612,900 common shares at issue price of ¥420 per share for gross proceeds of ¥677,418,000 on November 14, 2024. The transaction includes participation from new investor, AI Fusion Capital Group Co., Ltd. The transaction will happen through third party allocation. The issue date will be from December 13, 2024 to January 14, 2025. The transaction has been approved at board of director meeting of the company. The company will bear issuance expenses of ¥28,500,000 and will receive net proceeds of ¥648,918,000. New Risk • Nov 04
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 8.1% 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 35% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (JP¥2.17b market cap, or US$14.2m). Reported Earnings • Aug 19
Second quarter 2024 earnings released: JP¥13.22 loss per share (vs JP¥0.23 profit in 2Q 2023) Second quarter 2024 results: JP¥13.22 loss per share (down from JP¥0.23 profit in 2Q 2023). Revenue: JP¥1.73b (down 7.5% from 2Q 2023). Net loss: JP¥92.0m (down JP¥94.0m from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Reported Earnings • May 20
First quarter 2024 earnings released: JP¥7.62 loss per share (vs JP¥5.72 loss in 1Q 2023) First quarter 2024 results: JP¥7.62 loss per share (further deteriorated from JP¥5.72 loss in 1Q 2023). Revenue: JP¥1.61b (up 5.6% from 1Q 2023). Net loss: JP¥53.0m (loss widened 8.2% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 38 percentage points per year, which is a significant difference in performance. Announcement • Mar 31
Showcase Inc. to Report Q1, 2024 Results on May 15, 2024 Showcase Inc. announced that they will report Q1, 2024 results on May 15, 2024 Reported Earnings • Mar 28
Full year 2023 earnings released: JP¥14.49 loss per share (vs JP¥61.39 loss in FY 2022) Full year 2023 results: JP¥14.49 loss per share (improved from JP¥61.39 loss in FY 2022). Revenue: JP¥5.68b (up 23% from FY 2022). Net loss: JP¥117.0m (loss narrowed 78% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 17
Full year 2023 earnings released: JP¥14.49 loss per share (vs JP¥61.39 loss in FY 2022) Full year 2023 results: JP¥14.49 loss per share (improved from JP¥61.39 loss in FY 2022). Revenue: JP¥5.68b (up 23% from FY 2022). Net loss: JP¥117.0m (loss narrowed 78% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Announcement • Feb 16
Showcase Inc., Annual General Meeting, Mar 22, 2024 Showcase Inc., Annual General Meeting, Mar 22, 2024. Announcement • Dec 29
Showcase Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024 Showcase Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024 Reported Earnings • Nov 20
Third quarter 2023 earnings released: JP¥6.80 loss per share (vs JP¥23.34 loss in 3Q 2022) Third quarter 2023 results: JP¥6.80 loss per share (improved from JP¥23.34 loss in 3Q 2022). Revenue: JP¥1.07b (up 1.0% from 3Q 2022). Net loss: JP¥55.0m (loss narrowed 73% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Announcement • Sep 29
Showcase Inc. to Report Q3, 2023 Results on Nov 14, 2023 Showcase Inc. announced that they will report Q3, 2023 results on Nov 14, 2023 New Risk • Aug 20
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -JP¥1.1b This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥1.1b free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 34% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥3.05b market cap, or US$21.0m). Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: JP¥0.23 (vs JP¥14.59 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥0.23 (up from JP¥14.59 loss in 2Q 2022). Revenue: JP¥1.87b (up 6.4% from 2Q 2022). Net income: JP¥2.00m (up JP¥127.0m from 2Q 2022). Profit margin: 0.1% (up from net loss in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Board Change • Aug 05
Less than half of directors are independent There are 6 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. 6 non-independent directors. Outside Independent Director Hiroyuki Nakahara was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Jul 07
Showcase Inc. to Report Q2, 2023 Results on Aug 14, 2023 Showcase Inc. announced that they will report Q2, 2023 results on Aug 14, 2023 Reported Earnings • Mar 29
Full year 2022 earnings released: JP¥61.39 loss per share (vs JP¥6.89 profit in FY 2021) Full year 2022 results: JP¥61.39 loss per share (down from JP¥6.89 profit in FY 2021). Revenue: JP¥4.63b (up 191% from FY 2021). Net loss: JP¥526.0m (down JP¥585.0m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Board Change • Mar 28
High number of new directors Outside Independent Director Hiroyuki Nakahara was the last director to join the board, commencing their role in 2023. Reported Earnings • Feb 16
Full year 2022 earnings released: JP¥61.39 loss per share (vs JP¥6.89 profit in FY 2021) Full year 2022 results: JP¥61.39 loss per share (down from JP¥6.89 profit in FY 2021). Revenue: JP¥4.63b (up 191% from FY 2021). Net loss: JP¥526.0m (down JP¥585.0m from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Announcement • Jan 06
Showcase Inc. to Report Fiscal Year 2022 Results on Feb 14, 2023 Showcase Inc. announced that they will report fiscal year 2022 results on Feb 14, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: JP¥23.34 loss per share (vs JP¥0.12 loss in 3Q 2021) Third quarter 2022 results: JP¥23.34 loss per share (further deteriorated from JP¥0.12 loss in 3Q 2021). Revenue: JP¥1.06b (up 175% from 3Q 2021). Net loss: JP¥200.0m (loss widened JP¥199.0m from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Oct 08
Showcase Inc. to Report Q3, 2022 Results on Nov 14, 2022 Showcase Inc. announced that they will report Q3, 2022 results on Nov 14, 2022 Reported Earnings • Aug 14
Second quarter 2022 earnings released: JP¥14.59 loss per share (vs JP¥4.67 loss in 2Q 2021) Second quarter 2022 results: JP¥14.59 loss per share (down from JP¥4.67 loss in 2Q 2021). Revenue: JP¥1.76b (up 410% from 2Q 2021). Net loss: JP¥125.0m (loss widened 213% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Aug 05
Showcase Inc. to Report Q2, 2022 Results on Aug 12, 2022 Showcase Inc. announced that they will report Q2, 2022 results on Aug 12, 2022 Announcement • May 08
Showcase Inc. to Report Q1, 2022 Results on May 13, 2022 Showcase Inc. announced that they will report Q1, 2022 results on May 13, 2022 Announcement • Feb 17
Showcase Inc., Annual General Meeting, Mar 23, 2022 Showcase Inc., Annual General Meeting, Mar 23, 2022. Reported Earnings • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥6.89 (up from JP¥3.61 in FY 2020). Revenue: JP¥1.59b (up 4.2% from FY 2020). Net income: JP¥59.0m (up 136% from FY 2020). Profit margin: 3.7% (up from 1.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥6.50 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 March 2022. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (1.3%). Reported Earnings • Nov 15
Third quarter 2021 earnings released: JP¥0.12 loss per share (vs JP¥7.82 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: JP¥384.0m (up 7.0% from 3Q 2020). Net loss: JP¥1.00m (loss narrowed 98% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
First quarter 2021 earnings released: EPS JP¥0.47 (vs JP¥5.01 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: JP¥385.0m (up 11% from 1Q 2020). Net income: JP¥4.00m (down 88% from 1Q 2020). Profit margin: 1.0% (down from 9.8% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS JP¥3.61 (vs JP¥27.00 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥1.53b (up 1.5% from FY 2019). Net income: JP¥25.0m (up JP¥208.0m from FY 2019). Profit margin: 1.6% (up from net loss in FY 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 04
New 90-day low: JP¥874 The company is down 23% from its price of JP¥1,132 on 04 December 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 flat over the same period. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥3.61 (vs JP¥27.00 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥1.53b (up 1.5% from FY 2019). Net income: JP¥25.0m (up JP¥208.0m from FY 2019). Profit margin: 1.6% (up from net loss in FY 2019). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Dec 30
Showcase Inc. to Report Fiscal Year 2020 Results on Feb 12, 2021 Showcase Inc. announced that they will report fiscal year 2020 results on Feb 12, 2021 Upcoming Dividend • Dec 22
Upcoming Dividend of JP¥6.00 Per Share Will be paid on the 26th of March to those who are registered shareholders by the 29th of December. The trailing yield of 0.7% is below the top quartile of Japanese dividend payers (3.0%), and is lower than industry peers (1.3%). Is New 90 Day High Low • Dec 03
New 90-day high: JP¥1,350 The company is up 84% from its price of JP¥735 on 04 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 7.0% over the same period. Announcement • Dec 02
Showcase Inc. announced that it expects to receive ¥1.2309145 billion in funding from AI inside Inc. Showcase Inc. (TSE:3909) announced a private placement of 1,771,000 common shares at a price of ¥695 per share for gross proceeds of ¥1,230,845,000 on November 30, 2020. The transaction will include participation from AI inside Inc. (TSE:4488). The company will receive funds through third-party allotment of capital. The company will receive net proceeds of ¥1,230,914,500 after deducting expenses of ¥15,646,000. The transaction is expected to close on December 16, 2020. Announcement • Jun 28
Showcase Inc. to Report Q2, 2020 Results on Aug 14, 2020 Showcase Inc. announced that they will report Q2, 2020 results on Aug 14, 2020 