Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,400, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 14x in the IT industry in Japan. Total loss to shareholders of 23% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥2,477, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the IT industry in Japan. Negligible returns to shareholders over past three years. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,044, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the IT industry in Japan. Total loss to shareholders of 18% over the past three years. New Risk • Apr 15
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.7% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Apr 15
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥122 (up from JP¥78.91 in FY 2025). Revenue: JP¥28.1b (up 14% from FY 2025). Net income: JP¥1.57b (up 54% from FY 2025). Profit margin: 5.6% (up from 4.1% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 12%. Revenue is forecast to grow 12% p.a. on average during the next 2 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 61% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Apr 14
TerraSky Co.,Ltd., Annual General Meeting, May 27, 2026 TerraSky Co.,Ltd., Annual General Meeting, May 27, 2026. Buy Or Sell Opportunity • Apr 13
Now 24% overvalued Over the last 90 days, the stock has fallen 24% to JP¥1,662. The fair value is estimated to be JP¥1,344, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 58%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to decline by 2.3% in the next 2 years. Announcement • Apr 07
TerraSky Co.,Ltd. to Report Fiscal Year 2026 Results on Apr 14, 2026 TerraSky Co.,Ltd. announced that they will report fiscal year 2026 results on Apr 14, 2026 Buy Or Sell Opportunity • Mar 24
Now 22% overvalued Over the last 90 days, the stock has fallen 23% to JP¥1,596. The fair value is estimated to be JP¥1,306, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 58%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to decline by 2.3% in the next 2 years. Buy Or Sell Opportunity • Mar 05
Now 24% overvalued Over the last 90 days, the stock has fallen 22% to JP¥1,613. The fair value is estimated to be JP¥1,301, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 58%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to decline by 2.3% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,545, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the IT industry in Japan. Total loss to shareholders of 20% over the past three years. Reported Earnings • Jan 15
Third quarter 2026 earnings released: EPS: JP¥51.28 (vs JP¥15.32 in 3Q 2025) Third quarter 2026 results: EPS: JP¥51.28 (up from JP¥15.32 in 3Q 2025). Revenue: JP¥7.00b (up 13% from 3Q 2025). Net income: JP¥662.0m (up 235% from 3Q 2025). Profit margin: 9.5% (up from 3.2% in 3Q 2025). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jan 14
Terrasky Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2026 TerraSky Co.,Ltd. provided consolidated earnings guidance for the fiscal year ending February 28, 2026. For the period, the company expects net sales of JPY 27,901 million, operating profit of JPY 1,402 million, profit attributable to owners of parent of JPY 1,366 million and basic earnings per share of JPY 105.89. Announcement • Nov 27
TerraSky Co.,Ltd. to Report Q3, 2026 Results on Jan 14, 2026 TerraSky Co.,Ltd. announced that they will report Q3, 2026 results on Jan 14, 2026 Reported Earnings • Oct 16
Second quarter 2026 earnings released: EPS: JP¥15.02 (vs JP¥14.82 in 2Q 2025) Second quarter 2026 results: EPS: JP¥15.02 (up from JP¥14.82 in 2Q 2025). Revenue: JP¥6.71b (up 9.7% from 2Q 2025). Net income: JP¥193.8m (up 1.5% from 2Q 2025). Profit margin: 2.9% (down from 3.1% in 2Q 2025). The decrease in margin was driven by higher expenses. 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 51% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Oct 10
TerraSky Co.,Ltd. (TSE:3915) acquired an additional 0.54% stake in Kitalive Inc. (SPSE:5039) for ¥7 million. TerraSky Co.,Ltd. (TSE:3915) acquired an additional 0.54% stake in Kitalive Inc. (SPSE:5039) for ¥7 million on October 10, 2025. TerraSky Co.,Ltd. held 49.48% before the acquisition.
TerraSky Co.,Ltd. (TSE:3915) completed the acquisition of an additional 0.54% stake in Kitalive Inc. (SPSE:5039) on October 10, 2025. Announcement • Aug 27
TerraSky Co.,Ltd. to Report Q2, 2026 Results on Oct 15, 2025 TerraSky Co.,Ltd. announced that they will report Q2, 2026 results on Oct 15, 2025 Reported Earnings • Jul 16
First quarter 2026 earnings released: EPS: JP¥16.51 (vs JP¥13.64 in 1Q 2025) First quarter 2026 results: EPS: JP¥16.51 (up from JP¥13.64 in 1Q 2025). Revenue: JP¥6.61b (up 14% from 1Q 2025). Net income: JP¥213.2m (up 21% from 1Q 2025). Profit margin: 3.2% (up from 3.0% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥3,130, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 118% over the past three years. Reported Earnings • Jun 04
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥78.91 (up from JP¥23.34 in FY 2024). Revenue: JP¥24.7b (up 29% from FY 2024). Net income: JP¥1.02b (up 239% from FY 2024). Profit margin: 4.1% (up from 1.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Revenue is forecast to grow 16% 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 39% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Apr 29
TerraSky Co.,Ltd. to Report Q1, 2026 Results on Jul 15, 2025 TerraSky Co.,Ltd. announced that they will report Q1, 2026 results on Jul 15, 2025 Reported Earnings • Apr 15
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥78.91 (up from JP¥23.34 in FY 2024). Revenue: JP¥24.7b (up 29% from FY 2024). Net income: JP¥1.02b (up 239% from FY 2024). Profit margin: 4.1% (up from 1.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 36%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. New Risk • Apr 08
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 8.4% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥1,581, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 17x in the IT industry in Japan. Total returns to shareholders of 3.3% over the past three years. Announcement • Feb 03
TerraSky Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 14, 2025 TerraSky Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 14, 2025 Reported Earnings • Jan 15
Third quarter 2025 earnings released: EPS: JP¥15.26 (vs JP¥0.078 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥15.26 (up from JP¥0.078 loss in 3Q 2024). Revenue: JP¥6.17b (up 25% from 3Q 2024). Net income: JP¥197.0m (up JP¥198.0m from 3Q 2024). Profit margin: 3.2% (up from 0% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% 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 22% per year whereas the company’s share price has increased by 21% per year. Reported Earnings • Oct 18
Second quarter 2025 earnings released: EPS: JP¥14.82 (vs JP¥6.23 in 2Q 2024) Second quarter 2025 results: EPS: JP¥14.82 (up from JP¥6.23 in 2Q 2024). Revenue: JP¥6.12b (up 34% from 2Q 2024). Net income: JP¥191.0m (up 139% from 2Q 2024). Profit margin: 3.1% (up from 1.7% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% 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 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Oct 16
TerraSky Co.,Ltd. Provides Consolidated Financial Guidance for the Year Ending February 28, 2025 TerraSky Co.,Ltd. provided consolidated financial guidance for the year ending February 28, 2025. For the period, the company expects Net sales of JPY 24,024 million, Operating profit of JPY 905 million, Profit attributable to owners of parent of JPY 565 million and Earnings per share of JPY 44.02. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,364, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 17% over the past three years. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to JP¥1,667, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 17x in the IT industry in Japan. Total loss to shareholders of 14% over the past three years. Announcement • Jul 31
TerraSky Co.,Ltd. to Report Q2, 2025 Results on Oct 15, 2024 TerraSky Co.,Ltd. announced that they will report Q2, 2025 results on Oct 15, 2024 Reported Earnings • Jul 16
First quarter 2025 earnings released: EPS: JP¥13.64 (vs JP¥2.73 in 1Q 2024) First quarter 2025 results: EPS: JP¥13.64 (up from JP¥2.73 in 1Q 2024). Revenue: JP¥5.81b (up 33% from 1Q 2024). Net income: JP¥176.0m (up 403% from 1Q 2024). Profit margin: 3.0% (up from 0.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% 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 fallen by 3% per year whereas the company’s share price has increased by 1% per year. Reported Earnings • Jun 06
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥23.34 (down from JP¥27.12 in FY 2023). Revenue: JP¥19.1b (up 24% from FY 2023). Net income: JP¥300.0m (down 14% from FY 2023). Profit margin: 1.6% (down from 2.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 17% 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, the company's share price growth rate has exceeded its earnings growth rate by 52 percentage points per year, which is a significant difference in performance. Announcement • May 29
TerraSky Co.,Ltd. to Report Q1, 2025 Results on Jul 12, 2024 TerraSky Co.,Ltd. announced that they will report Q1, 2025 results on Jul 12, 2024 New Risk • Apr 15
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 8.9% 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 Risk Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (1.6% net profit margin). Announcement • Apr 14
TerraSky Co.,Ltd., Annual General Meeting, May 31, 2024 TerraSky Co.,Ltd., Annual General Meeting, May 31, 2024. Reported Earnings • Apr 14
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥23.34 (down from JP¥27.12 in FY 2023). Revenue: JP¥19.1b (up 24% from FY 2023). Net income: JP¥300.0m (down 14% from FY 2023). Profit margin: 1.6% (down from 2.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 5.1% growth forecast for the IT industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Announcement • Jan 31
TerraSky Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 12, 2024 TerraSky Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 12, 2024 Reported Earnings • Jan 16
Third quarter 2024 earnings released: JP¥0.078 loss per share (vs JP¥7.36 profit in 3Q 2023) Third quarter 2024 results: JP¥0.078 loss per share (down from JP¥7.36 profit in 3Q 2023). Revenue: JP¥4.95b (up 21% from 3Q 2023). Net loss: JP¥1.00m (down 101% from profit in 3Q 2023). Profit margin: 0% (down from 2.3% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 23% 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, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • Dec 02
TerraSky Co.,Ltd. to Report Q3, 2024 Results on Jan 15, 2024 TerraSky Co.,Ltd. announced that they will report Q3, 2024 results on Jan 15, 2024 Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,431, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the IT industry in Japan. Total loss to shareholders of 70% over the past three years. Reported Earnings • Oct 18
Second quarter 2024 earnings released: EPS: JP¥6.23 (vs JP¥6.89 in 2Q 2023) Second quarter 2024 results: EPS: JP¥6.23 (down from JP¥6.89 in 2Q 2023). Revenue: JP¥4.58b (up 22% from 2Q 2023). Net income: JP¥80.0m (down 9.1% from 2Q 2023). Profit margin: 1.7% (down from 2.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • Jul 30
TerraSky Co.,Ltd. to Report Q2, 2024 Results on Oct 13, 2023 TerraSky Co.,Ltd. announced that they will report Q2, 2024 results on Oct 13, 2023 Valuation Update With 7 Day Price Move • Jul 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥2,055, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 58% over the past three years. Reported Earnings • Jul 16
First quarter 2024 earnings released: EPS: JP¥2.73 (vs JP¥3.83 in 1Q 2023) First quarter 2024 results: EPS: JP¥2.73 (down from JP¥3.83 in 1Q 2023). Revenue: JP¥4.35b (up 23% from 1Q 2023). Net income: JP¥35.0m (down 29% from 1Q 2023). Profit margin: 0.8% (down from 1.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% 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, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 02
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥27.12 (up from JP¥23.99 in FY 2022). Revenue: JP¥15.4b (up 23% from FY 2022). Net income: JP¥347.0m (up 13% from FY 2022). Profit margin: 2.2% (down from 2.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 21% 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, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Announcement • May 04
TerraSky Co.,Ltd. to Report Q1, 2024 Results on Jul 14, 2023 TerraSky Co.,Ltd. announced that they will report Q1, 2024 results on Jul 14, 2023 Reported Earnings • Apr 16
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥27.12 (up from JP¥23.99 in FY 2022). Revenue: JP¥15.4b (up 23% from FY 2022). Net income: JP¥347.0m (up 13% from FY 2022). Profit margin: 2.2% (down from 2.4% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the IT industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥1,884, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 41% over the past three years. Reported Earnings • Jan 17
Third quarter 2023 earnings released: EPS: JP¥7.36 (vs JP¥5.33 in 3Q 2022) Third quarter 2023 results: EPS: JP¥7.36 (up from JP¥5.33 in 3Q 2022). Revenue: JP¥4.10b (up 26% from 3Q 2022). Net income: JP¥94.0m (up 38% from 3Q 2022). Profit margin: 2.3% (up from 2.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Announcement • Nov 18
TerraSky Co.,Ltd. to Report Q3, 2023 Results on Jan 16, 2023 TerraSky Co.,Ltd. announced that they will report Q3, 2023 results on Jan 16, 2023 Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 4 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Outside Director Umino Shinobu was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 17
Second quarter 2023 earnings released: EPS: JP¥6.89 (vs JP¥6.12 in 2Q 2022) Second quarter 2023 results: EPS: JP¥6.89 (up from JP¥6.12 in 2Q 2022). Revenue: JP¥3.77b (up 24% from 2Q 2022). Net income: JP¥88.0m (up 13% from 2Q 2022). Profit margin: 2.3% (down from 2.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Aug 12
TerraSky Co.,Ltd. to Report Q2, 2023 Results on Oct 14, 2022 TerraSky Co.,Ltd. announced that they will report Q2, 2023 results on Oct 14, 2022 Reported Earnings • Jul 17
First quarter 2023 earnings released: EPS: JP¥3.83 (vs JP¥4.16 in 1Q 2022) First quarter 2023 results: EPS: JP¥3.83 (down from JP¥4.16 in 1Q 2022). Revenue: JP¥3.54b (up 26% from 1Q 2022). Net income: JP¥49.0m (down 7.5% from 1Q 2022). Profit margin: 1.4% (down from 1.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 27%, compared to a 11% growth forecast for the industry in Japan. 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 8% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 03
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥23.99 (down from JP¥194 in FY 2021). Revenue: JP¥12.6b (up 13% from FY 2021). Net income: JP¥306.0m (down 88% from FY 2021). Profit margin: 2.4% (down from 22% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 26%, compared to a 8.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Announcement • May 29
TerraSky Co.,Ltd. to Report Q1, 2023 Results on Jul 15, 2022 TerraSky Co.,Ltd. announced that they will report Q1, 2023 results on Jul 15, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Director Umino Shinobu was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 16
TerraSky Co.,Ltd., Annual General Meeting, May 27, 2022 TerraSky Co.,Ltd., Annual General Meeting, May 27, 2022. Reported Earnings • Apr 15
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥23.99 (down from JP¥194 in FY 2021). Revenue: JP¥12.6b (up 13% from FY 2021). Net income: JP¥306.0m (down 88% from FY 2021). Profit margin: 2.4% (down from 22% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 17%, compared to a 7.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 5% per year. Announcement • Apr 08
TerraSky Co.,Ltd. to Report Fiscal Year 2022 Results on Apr 14, 2022 TerraSky Co.,Ltd. announced that they will report fiscal year 2022 results on Apr 14, 2022 Reported Earnings • Jan 16
Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2022 results: EPS: JP¥5.33 (down from JP¥5.43 in 3Q 2021). Revenue: JP¥3.25b (up 20% from 3Q 2021). Net income: JP¥68.0m (down 1.4% from 3Q 2021). Profit margin: 2.1% (down from 2.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 5.0%. Earnings per share (EPS) missed analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 18%, compared to a 7.3% growth forecast for the 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 fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥2,049, the stock trades at a trailing P/E ratio of 71.7x. Average trailing P/E is 20x in the IT industry in Japan. Total returns to shareholders of 14% over the past three years. Reported Earnings • Oct 16
Second quarter 2022 earnings released: EPS JP¥6.12 (vs JP¥7.67 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥3.03b (up 15% from 2Q 2021). Net income: JP¥78.0m (down 20% from 2Q 2021). Profit margin: 2.6% (down from 3.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥2,160, the stock trades at a forward P/E ratio of 81x. Average forward P/E is 25x in the IT industry in Japan. Total returns to shareholders of 19% over the past three years. Reported Earnings • Jul 18
First quarter 2022 earnings released: EPS JP¥4.16 (vs JP¥169 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥2.80b (down 4.3% from 1Q 2021). Net income: JP¥53.0m (down 98% from 1Q 2021). Profit margin: 1.9% (down from 73% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 03
Full year 2021 earnings released: EPS JP¥194 (vs JP¥70.27 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥11.1b (up 20% from FY 2020). Net income: JP¥2.46b (up 179% from FY 2020). Profit margin: 22% (up from 9.5% in FY 2020). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 16
Full year 2021 earnings released: EPS JP¥194 (vs JP¥70.27 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥11.1b (up 20% from FY 2020). Net income: JP¥2.46b (up 179% from FY 2020). Profit margin: 22% (up from 9.5% in FY 2020). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Mar 03
New 90-day low: JP¥3,540 The company is down 20% from its price of JP¥4,440 on 03 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. Announcement • Feb 04
TerraSky Co.,Ltd. to Report Fiscal Year 2021 Results on Apr 14, 2021 TerraSky Co.,Ltd. announced that they will report fiscal year 2021 results on Apr 14, 2021 Reported Earnings • Jan 15
Third quarter 2021 earnings released: EPS JP¥5.43 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2021 results: Revenue: JP¥2.70b (up 18% from 3Q 2020). Net income: JP¥69.0m (down 42% from 3Q 2020). Profit margin: 2.6% (down from 5.2% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 15
New 90-day low: JP¥3,650 The company is down 25% from its price of JP¥4,850 on 16 October 2020. The Japanese market is up 15% 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. Is New 90 Day High Low • Dec 15
New 90-day low: JP¥4,225 The company is down 8.0% from its price of JP¥4,570 on 16 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 5.0% over the same period. Announcement • Aug 09
TerraSky Co.,Ltd. to Report Q2, 2021 Results on Oct 15, 2020 TerraSky Co.,Ltd. announced that they will report Q2, 2021 results on Oct 15, 2020 Announcement • Jul 17
TerraSky Co.,Ltd. to Report Q1, 2021 Results on Jul 15, 2020 TerraSky Co.,Ltd. announced that they will report Q1, 2021 results on Jul 15, 2020 
