CHANGE Holdings,Inc.

TSE:3962 Stock Report

Market Cap: JP¥84.4b

CHANGE HoldingsInc Past Earnings Performance

Past criteria checks 2/6

CHANGE HoldingsInc has been growing earnings at an average annual rate of 21.5%, while the IT industry saw earnings growing at 13.2% annually. Revenues have been growing at an average rate of 31.3% per year. CHANGE HoldingsInc's return on equity is 8.6%, and it has net margins of 8.5%.

Key information

21.5%

Earnings growth rate

18.8%

EPS growth rate

IT Industry Growth14.3%
Revenue growth rate31.3%
Return on equity8.6%
Net Margin8.5%
Last Earnings Update30 Sep 2024

Recent past performance updates

There May Be Some Bright Spots In CHANGE HoldingsInc's (TSE:3962) Earnings

Nov 21
There May Be Some Bright Spots In CHANGE HoldingsInc's (TSE:3962) Earnings

CHANGE HoldingsInc's (TSE:3962) Earnings Offer More Than Meets The Eye

May 22
CHANGE HoldingsInc's (TSE:3962) Earnings Offer More Than Meets The Eye

Recent updates

CHANGE Holdings,Inc.'s (TSE:3962) Shares May Have Run Too Fast Too Soon

Dec 12
CHANGE Holdings,Inc.'s (TSE:3962) Shares May Have Run Too Fast Too Soon

There May Be Some Bright Spots In CHANGE HoldingsInc's (TSE:3962) Earnings

Nov 21
There May Be Some Bright Spots In CHANGE HoldingsInc's (TSE:3962) Earnings

These 4 Measures Indicate That CHANGE HoldingsInc (TSE:3962) Is Using Debt Safely

Sep 05
These 4 Measures Indicate That CHANGE HoldingsInc (TSE:3962) Is Using Debt Safely

More Unpleasant Surprises Could Be In Store For CHANGE Holdings,Inc.'s (TSE:3962) Shares After Tumbling 33%

Aug 06
More Unpleasant Surprises Could Be In Store For CHANGE Holdings,Inc.'s (TSE:3962) Shares After Tumbling 33%

CHANGE HoldingsInc (TSE:3962) Could Be Struggling To Allocate Capital

Jun 17
CHANGE HoldingsInc (TSE:3962) Could Be Struggling To Allocate Capital

CHANGE HoldingsInc's (TSE:3962) Earnings Offer More Than Meets The Eye

May 22
CHANGE HoldingsInc's (TSE:3962) Earnings Offer More Than Meets The Eye

Take Care Before Jumping Onto CHANGE Holdings,Inc. (TSE:3962) Even Though It's 26% Cheaper

Mar 18
Take Care Before Jumping Onto CHANGE Holdings,Inc. (TSE:3962) Even Though It's 26% Cheaper

CHANGE HoldingsInc (TSE:3962) Will Pay A Larger Dividend Than Last Year At ¥12.50

Mar 11
CHANGE HoldingsInc (TSE:3962) Will Pay A Larger Dividend Than Last Year At ¥12.50

Revenue & Expenses Breakdown

How CHANGE HoldingsInc makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSE:3962 Revenue, expenses and earnings (JPY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 2438,8703,29811,9620
30 Jun 2440,0354,90213,5840
31 Mar 2437,0154,32512,6570
31 Dec 2333,3007,21511,0560
30 Sep 2328,7416,8199,6970
30 Jun 2322,3774,6607,5110
31 Mar 2320,0213,8566,8130
31 Mar 2215,5303,7295,4090
31 Dec 2115,7864,3545,1700
30 Sep 2115,6534,1045,2680
30 Jun 2114,6544,4054,8930
31 Mar 2114,6194,3784,7510
31 Dec 2013,8293,9234,6430
30 Sep 2010,5422,0493,6350
30 Jun 2010,4871,5183,3230
31 Mar 209,5741,3593,0650
31 Dec 199,5311,4653,0390
30 Sep 197,0543783,0280

Quality Earnings: 3962 has high quality earnings.

Growing Profit Margin: 3962's current net profit margins (8.5%) are lower than last year (23.7%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 3962's earnings have grown significantly by 21.5% per year over the past 5 years.

Accelerating Growth: 3962's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 3962 had negative earnings growth (-51.6%) over the past year, making it difficult to compare to the IT industry average (10.2%).

Return on Equity

High ROE: 3962's Return on Equity (8.6%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/23 02:27
End of Day Share Price 2024/12/23 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

CHANGE Holdings,Inc. is covered by 3 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Takeshi SaitoCredit Suisse
Kaname FujitaIchiyoshi Research Institute Inc.
Tomoya NakajimaMarusan Securities Co. Ltd.