Reported Earnings • Jun 12
First quarter 2027 earnings released: EPS: JP¥34.74 (vs JP¥31.97 in 1Q 2026) First quarter 2027 results: EPS: JP¥34.74 (up from JP¥31.97 in 1Q 2026). Revenue: JP¥2.08b (up 4.0% from 1Q 2026). Net income: JP¥487.0m (up 8.9% from 1Q 2026). Profit margin: 23% (up from 22% in 1Q 2026). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 11
Final dividend of JP¥27.00 announced Shareholders will receive a dividend of JP¥27.00. Ex-date: 30th July 2026 Payment date: 5th October 2026 Dividend yield will be 3.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 44% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 23% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 12
Full year 2026 earnings released: EPS: JP¥129 (vs JP¥100 in FY 2025) Full year 2026 results: EPS: JP¥129 (up from JP¥100 in FY 2025). Revenue: JP¥8.23b (up 13% from FY 2025). Net income: JP¥1.81b (up 28% from FY 2025). Profit margin: 22% (up from 20% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Mar 11
NEOJAPAN Inc., Annual General Meeting, Apr 28, 2026 NEOJAPAN Inc., Annual General Meeting, Apr 28, 2026. Upcoming Dividend • Jan 22
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 29 January 2026. Payment date: 28 April 2026. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.8%). Reported Earnings • Dec 13
Third quarter 2026 earnings released: EPS: JP¥33.05 (vs JP¥27.27 in 3Q 2025) Third quarter 2026 results: EPS: JP¥33.05 (up from JP¥27.27 in 3Q 2025). Revenue: JP¥2.11b (up 10% from 3Q 2025). Net income: JP¥463.3m (up 22% from 3Q 2025). Profit margin: 22% (up from 20% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Declared Dividend • Oct 04
First half dividend of JP¥21.00 announced Shareholders will receive a dividend of JP¥21.00. Ex-date: 29th January 2026 Payment date: 28th April 2026 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 38% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 24% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Oct 02
NEOJAPAN Inc. to Report Q3, 2026 Results on Dec 11, 2025 NEOJAPAN Inc. announced that they will report Q3, 2026 results on Dec 11, 2025 Reported Earnings • Sep 14
Second quarter 2026 earnings released: EPS: JP¥31.54 (vs JP¥20.53 in 2Q 2025) Second quarter 2026 results: EPS: JP¥31.54 (up from JP¥20.53 in 2Q 2025). Revenue: JP¥1.98b (up 18% from 2Q 2025). Net income: JP¥441.6m (up 54% from 2Q 2025). Profit margin: 22% (up from 17% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 26% per year. Upcoming Dividend • Jul 23
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 30 July 2025. Payment date: 06 October 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.6%). New Risk • Jul 17
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 0% Dividend yield: 2.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Dividend is not well covered by cash flows (0% cash payout ratio). Announcement • Jun 29
NEOJAPAN Inc. to Report Q2, 2026 Results on Sep 12, 2025 NEOJAPAN Inc. announced that they will report Q2, 2026 results on Sep 12, 2025 New Risk • Jun 16
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 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 15
First quarter 2026 earnings released: EPS: JP¥31.97 (vs JP¥21.91 in 1Q 2025) First quarter 2026 results: EPS: JP¥31.97 (up from JP¥21.91 in 1Q 2025). Revenue: JP¥2.00b (up 18% from 1Q 2025). Net income: JP¥447.4m (up 42% from 1Q 2025). Profit margin: 22% (up from 19% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Declared Dividend • May 08
Final dividend of JP¥21.00 announced Shareholders will receive a dividend of JP¥21.00. Ex-date: 30th July 2025 Payment date: 6th October 2025 Dividend yield will be 3.1%, 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 (34% cash payout ratio). The dividend has increased by an average of 48% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Apr 25
NEOJAPAN Inc. to Report Q1, 2026 Results on Jun 13, 2025 NEOJAPAN Inc. announced that they will report Q1, 2026 results on Jun 13, 2025 New Risk • Apr 07
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 5.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,267, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 18x in the Software industry in Japan. Total returns to shareholders of 10% over the past three years. Buy Or Sell Opportunity • Mar 14
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to JP¥1,506. The fair value is estimated to be JP¥1,901, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.5% over the last 3 years. Earnings per share has grown by 17%. Upcoming Dividend • Jan 23
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 30 January 2025. Payment date: 30 April 2025. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.3%). Announcement • Jan 03
NEOJAPAN Inc. to Report Fiscal Year 2025 Results on Mar 13, 2025 NEOJAPAN Inc. announced that they will report fiscal year 2025 results on Mar 13, 2025 Reported Earnings • Dec 12
Third quarter 2025 earnings released: EPS: JP¥27.24 (vs JP¥23.27 in 3Q 2024) Third quarter 2025 results: EPS: JP¥27.24 (up from JP¥23.27 in 3Q 2024). Revenue: JP¥1.92b (up 11% from 3Q 2024). Net income: JP¥381.0m (up 10% from 3Q 2024). Profit margin: 20% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. New Risk • Nov 06
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 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Sep 28
NEOJAPAN Inc. to Report Q3, 2025 Results on Dec 10, 2024 NEOJAPAN Inc. announced that they will report Q3, 2025 results on Dec 10, 2024 Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,997, the stock trades at a trailing P/E ratio of 25.9x. Average trailing P/E is 21x in the Software industry in Japan. Total returns to shareholders of 25% over the past three years. Reported Earnings • Sep 13
Second quarter 2025 earnings released: EPS: JP¥20.51 (vs JP¥14.30 in 2Q 2024) Second quarter 2025 results: EPS: JP¥20.51 (up from JP¥14.30 in 2Q 2024). Revenue: JP¥1.68b (up 6.3% from 2Q 2024). Net income: JP¥286.8m (up 35% from 2Q 2024). Profit margin: 17% (up from 13% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year. Buy Or Sell Opportunity • Aug 09
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 8.9% to JP¥1,643. The fair value is estimated to be JP¥1,356, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 7.0%. Announcement • Jul 04
NEOJAPAN Inc. to Report Q2, 2025 Results on Sep 11, 2024 NEOJAPAN Inc. announced that they will report Q2, 2025 results on Sep 11, 2024 Reported Earnings • Jun 17
First quarter 2025 earnings released: EPS: JP¥21.91 (vs JP¥18.06 in 1Q 2024) First quarter 2025 results: EPS: JP¥21.91 (up from JP¥18.06 in 1Q 2024). Revenue: JP¥1.69b (up 2.6% from 1Q 2024). Net income: JP¥315.0m (up 17% from 1Q 2024). Profit margin: 19% (up from 16% in 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 1% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jun 17
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to JP¥1,498. The fair value is estimated to be JP¥1,224, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 7.0%. New Risk • Jun 12
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 7.6% 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 (7.6% average weekly change). High level of non-cash earnings (28% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Announcement • Apr 28
NEOJAPAN Inc. to Report Q1, 2025 Results on Jun 14, 2024 NEOJAPAN Inc. announced that they will report Q1, 2025 results on Jun 14, 2024 Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,341, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 23x in the Software industry in Japan. Total loss to shareholders of 18% over the past three years. New Risk • Apr 10
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 5.8% 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 High level of non-cash earnings (28% accrual ratio). 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 (5.8% average weekly change). Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: JP¥64.40 (vs JP¥54.46 in FY 2023) Full year 2024 results: EPS: JP¥64.40 (up from JP¥54.46 in FY 2023). Revenue: JP¥6.62b (up 10% from FY 2023). Net income: JP¥956.0m (up 18% from FY 2023). Profit margin: 14% (in line with FY 2023). 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 9% per year, which means it is significantly lagging earnings. Announcement • Mar 14
NEOJAPAN Inc. (TSE:3921) announces an Equity Buyback for 850,000 shares, representing 5.73% for ¥951.15 million. NEOJAPAN Inc. (TSE:3921) announces a share repurchase program. Under the program, the company will repurchase up to 850,000 shares, representing 5.73% of its issued share capital (excluding treasury stock), for ¥951.15 million. The shares will be repurchased from Katsuya Otsubo, a major shareholder of the Company. The repurchase price will be ¥1,119 per share. The purpose of the program is to boost the market capitalization of the tradable shares. As of January 31, 2024, the company had 14,829,235 shares in issue (excluding treasury stock) and 85,565 shares in treasury. Announcement • Mar 13
NEOJAPAN Inc., Annual General Meeting, Apr 26, 2024 NEOJAPAN Inc., Annual General Meeting, Apr 26, 2024. Buy Or Sell Opportunity • Feb 13
Now 21% undervalued Over the last 90 days, the stock has risen 2.4% to JP¥1,018. The fair value is estimated to be JP¥1,291, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.4% over the last 3 years. Earnings per share has grown by 8.4%. Announcement • Jan 26
NEOJAPAN Inc. to Report Q4, 2024 Results on Mar 13, 2024 NEOJAPAN Inc. announced that they will report Q4, 2024 results on Mar 13, 2024 Upcoming Dividend • Jan 23
Upcoming dividend of JP¥23.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 30 January 2024. Payment date: 28 April 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). Reported Earnings • Dec 15
Third quarter 2024 earnings released: EPS: JP¥23.24 (vs JP¥16.36 in 3Q 2023) Third quarter 2024 results: EPS: JP¥23.24 (up from JP¥16.36 in 3Q 2023). Revenue: JP¥1.73b (up 14% from 3Q 2023). Net income: JP¥344.6m (up 41% from 3Q 2023). Profit margin: 20% (up from 16% in 3Q 2023). The increase in margin was driven by higher revenue. 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 24% per year, which means it is significantly lagging earnings. Announcement • Oct 21
NEOJAPAN Inc. to Report Q3, 2024 Results on Dec 13, 2023 NEOJAPAN Inc. announced that they will report Q3, 2024 results on Dec 13, 2023 Reported Earnings • Sep 15
Second quarter 2024 earnings released: EPS: JP¥14.34 (vs JP¥16.23 in 2Q 2023) Second quarter 2024 results: EPS: JP¥14.34 (down from JP¥16.23 in 2Q 2023). Revenue: JP¥1.58b (up 9.7% from 2Q 2023). Net income: JP¥212.5m (down 12% from 2Q 2023). Profit margin: 14% (down from 17% in 2Q 2023). The decrease in margin was driven by higher expenses. 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 22% per year, which means it is significantly lagging earnings. Buying Opportunity • Aug 30
Now 22% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be JP¥1,386, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • Jul 28
NEOJAPAN Inc. to Report Q2, 2024 Results on Sep 13, 2023 NEOJAPAN Inc. announced that they will report Q2, 2024 results on Sep 13, 2023 Reported Earnings • Jun 16
First quarter 2024 earnings released: EPS: JP¥18.09 (vs JP¥14.82 in 1Q 2023) First quarter 2024 results: EPS: JP¥18.09 (up from JP¥14.82 in 1Q 2023). Revenue: JP¥1.65b (up 10.0% from 1Q 2023). Net income: JP¥269.4m (up 22% from 1Q 2023). Profit margin: 16% (up from 15% in 1Q 2023). The increase in margin was driven by higher revenue. Announcement • Jun 15
NEOJAPAN Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending January 31, 2024 NEOJAPAN Inc. provided consolidated earnings guidance for the fiscal year ending January 31, 2024. For the year, the company expects net sales of JPY 6,359 million, operating profit of JPY 937 million, profit attributable to owners of parent of JPY 629 million and basic earnings per share of JPY 42.20. Reported Earnings • May 03
Full year 2023 earnings released: EPS: JP¥54.46 (vs JP¥58.14 in FY 2022) Full year 2023 results: EPS: JP¥54.46 (down from JP¥58.14 in FY 2022). Revenue: JP¥6.01b (up 1.5% from FY 2022). Net income: JP¥812.0m (down 6.2% from FY 2022). Profit margin: 14% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Buying Opportunity • Mar 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be JP¥1,047, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 15%. Reported Earnings • Mar 15
Full year 2023 earnings released: EPS: JP¥54.46 (vs JP¥58.14 in FY 2022) Full year 2023 results: EPS: JP¥54.46 (down from JP¥58.14 in FY 2022). Revenue: JP¥6.01b (up 1.5% from FY 2022). Net income: JP¥812.0m (down 6.2% from FY 2022). Profit margin: 14% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buying Opportunity • Jan 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 1.7%. The fair value is estimated to be JP¥1,256, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 18%. Upcoming Dividend • Jan 23
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 January 2023. Payment date: 27 April 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.9%). Announcement • Jan 06
NEOJAPAN Inc. to Report Q4, 2023 Results on Mar 13, 2023 NEOJAPAN Inc. announced that they will report Q4, 2023 results on Mar 13, 2023 Reported Earnings • Dec 15
Third quarter 2023 earnings released: EPS: JP¥16.36 (vs JP¥16.65 in 3Q 2022) Third quarter 2023 results: EPS: JP¥16.36 (down from JP¥16.65 in 3Q 2022). Revenue: JP¥1.53b (flat on 3Q 2022). Net income: JP¥244.0m (down 1.6% from 3Q 2022). Profit margin: 16% (in line with 3Q 2022). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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 Shigehiko Matsumoto was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 02
NEOJAPAN Inc. to Report Q3, 2023 Results on Dec 13, 2022 NEOJAPAN Inc. announced that they will report Q3, 2023 results on Dec 13, 2022 Reported Earnings • Sep 15
Second quarter 2023 earnings released: EPS: JP¥16.23 (vs JP¥17.19 in 2Q 2022) Second quarter 2023 results: EPS: JP¥16.23 (down from JP¥17.19 in 2Q 2022). Revenue: JP¥1.44b (down 2.7% from 2Q 2022). Net income: JP¥242.0m (down 5.5% from 2Q 2022). Profit margin: 17% (in line with 2Q 2022). Announcement • Sep 15
NEOJAPAN Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending January 31, 2023 NEOJAPAN Inc. provided consolidated earnings guidance for the fiscal year ending January 31, 2023. For the year, the company expects net sales of JPY 5,989 million, operating profit of JPY 1,094 million, profit attributable to owners of parent of JPY 782 million and basic earnings per share of JPY 52.48. Announcement • Sep 14
NEOJAPAN Inc. Provides Dividend Guidance for the Fiscal Year Ending January 31, 2023 NEOJAPAN Inc. provided dividend guidance for the fiscal year ending January 31, 2023. For the year, the company expects to pay year-end dividend of JPY 19.00 per share against JPY 14.00 per share paid for the same period a year ago. Buying Opportunity • Aug 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.7%. The fair value is estimated to be JP¥1,445, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last year. Earnings per share has grown by 19%. Buying Opportunity • Jul 25
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,443, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last year. Earnings per share has grown by 19%. Announcement • Jul 16
NEOJAPAN Inc. to Report Q2, 2023 Results on Sep 14, 2022 NEOJAPAN Inc. announced that they will report Q2, 2023 results on Sep 14, 2022 Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥1,017, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 22x in the Software industry in Japan. Total returns to shareholders of 17% over the past three years. Buying Opportunity • Jun 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 3.9%. The fair value is estimated to be JP¥1,418, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last year. Earnings per share has grown by 19%. Reported Earnings • Jun 12
First quarter 2023 earnings released: EPS: JP¥14.83 (vs JP¥15.92 in 1Q 2022) First quarter 2023 results: EPS: JP¥14.83 (down from JP¥15.92 in 1Q 2022). Revenue: JP¥1.50b (up 9.9% from 1Q 2022). Net income: JP¥221.1m (down 6.7% from 1Q 2022). Profit margin: 15% (down from 17% in 1Q 2022). The decrease in margin was driven by higher expenses. Buying Opportunity • May 12
Now 21% undervalued Over the last 90 days, the stock is up 1.7%. The fair value is estimated to be JP¥1,407, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Earnings per share has grown by 28%. 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 Shigehiko Matsumoto was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 23
NEOJAPAN Inc. to Report Q1, 2023 Results on Jun 10, 2022 NEOJAPAN Inc. announced that they will report Q1, 2023 results on Jun 10, 2022 Buying Opportunity • Apr 19
Now 20% undervalued Over the last 90 days, the stock is up 4.4%. The fair value is estimated to be JP¥1,416, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Earnings per share has grown by 28%. Buying Opportunity • Mar 21
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be JP¥1,407, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year. Earnings per share has grown by 28% over the last year. Upcoming Dividend • Jan 21
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 28 January 2022. Payment date: 28 April 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.7%). Reported Earnings • Dec 19
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: JP¥16.65 (up from JP¥7.94 in 3Q 2021). Revenue: JP¥1.54b (up 18% from 3Q 2021). Net income: JP¥248.0m (up 110% from 3Q 2021). Profit margin: 16% (up from 9.0% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.8%. Earnings per share (EPS) also surpassed analyst estimates by 5.8%. Earnings per share (EPS) surpassed analyst estimates by 5.8%. Over the next year, revenue is forecast to grow 7.5%, compared to a 16% growth forecast for the industry in Japan. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥1,453, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 28x in the Software industry in Japan. Total returns to shareholders of 45% over the past three years. Reported Earnings • Sep 16
Second quarter 2022 earnings released: EPS JP¥17.19 (vs JP¥7.94 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥1.48b (up 14% from 2Q 2021). Net income: JP¥256.0m (up 117% from 2Q 2021). Profit margin: 17% (up from 9.0% in 2Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Jun 14
First quarter 2022 earnings released: EPS JP¥15.92 (vs JP¥7.55 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥1.36b (down 3.2% from 1Q 2021). Net income: JP¥237.0m (up 112% from 1Q 2021). Profit margin: 17% (up from 8.0% in 1Q 2021). The increase in margin was driven by lower expenses. Reported Earnings • May 03
Full year 2021 earnings released: EPS JP¥45.57 (vs JP¥33.38 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥5.33b (up 42% from FY 2020). Net income: JP¥677.0m (up 37% from FY 2020). Profit margin: 13% (in line with FY 2020). 