Buy Or Sell Opportunity • Jul 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.5% to JP¥424. The fair value is estimated to be JP¥530, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has declined by 25%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 142% in the next 2 years. New Risk • Jun 23
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 2.4% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. 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 Earnings have declined by 4.5% per year over the past 5 years. Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Profit margins are more than 30% lower than last year (4.2% net profit margin). Buy Or Sell Opportunity • Jun 11
Now 21% undervalued Over the last 90 days, the stock has risen 12% to JP¥435. The fair value is estimated to be JP¥550, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has declined by 25%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 108% in the next 2 years. Announcement • Jun 03
Sun* Inc. to Report Q2, 2026 Results on Aug 14, 2026 Sun* Inc. announced that they will report Q2, 2026 results on Aug 14, 2026 Buy Or Sell Opportunity • May 20
Now 20% undervalued Over the last 90 days, the stock has risen 8.5% to JP¥449. The fair value is estimated to be JP¥564, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last 3 years. Earnings per share has declined by 25%. Revenue is forecast to grow by 25% in 2 years. Earnings are forecast to grow by 108% in the next 2 years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥503, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 14x in the IT industry in Japan. Total loss to shareholders of 61% over the past three years. New Risk • Feb 24
New major risk - Revenue and earnings growth Earnings have declined by 1.1% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 1.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Profit margins are more than 30% lower than last year (3.2% net profit margin). Market cap is less than US$100m (JP¥15.3b market cap, or US$98.3m). Reported Earnings • Feb 16
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥12.58 (down from JP¥26.87 in FY 2024). Revenue: JP¥14.8b (up 9.3% from FY 2024). Net income: JP¥476.0m (down 54% from FY 2024). Profit margin: 3.2% (down from 7.5% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 50%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Announcement • Feb 14
Sun* Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2026 Sun* Inc. provided consolidated earnings guidance for the fiscal year ending December 31, 2026. For the year, the company expects Net sales of JPY 18,201 million, Operating income of JPY 1,714 million, Net income attributable to shareholders of parent company of JPY 1,389 million and Net income per share of JPY 36.73. Announcement • Feb 13
Sun* Inc., Annual General Meeting, Mar 26, 2026 Sun* Inc., Annual General Meeting, Mar 26, 2026. Announcement • Dec 26
Sun* Inc. (TSE:4053) agreed to acquire Mixense Co Ltd from Junichi Hoshino and others for ¥900 million. Sun* Inc. (TSE:4053) agreed to acquire Mixense Co Ltd from Junichi Hoshino and others for ¥900 million on December 24, 2025.
For the period ending March 31, 2025, Mixense Co Ltd reported total revenue of ¥585.31 million and EBIT of ¥89.32 million. As of March 31, 2025, Mixense Co Ltd reported total assets of ¥376.98 million and total common equity of ¥234.35 million.
The expected completion of the transaction is January 5, 2026. Announcement • Dec 03
Sun* Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026 Sun* Inc. announced that they will report fiscal year 2025 results on Feb 13, 2026 New Risk • Nov 21
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 5.5% 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: Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (6.4% net profit margin). Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥510, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 55% over the past three years. Announcement • Oct 02
Sun* Inc. to Report Q3, 2025 Results on Nov 14, 2025 Sun* Inc. announced that they will report Q3, 2025 results on Nov 14, 2025 Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥453, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 20x in the IT industry in Japan. Total loss to shareholders of 54% over the past three years. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: JP¥3.16 (vs JP¥1.58 in 2Q 2024) Second quarter 2025 results: EPS: JP¥3.16 (up from JP¥1.58 in 2Q 2024). Revenue: JP¥3.52b (up 14% from 2Q 2024). Net income: JP¥119.0m (up 98% from 2Q 2024). Profit margin: 3.4% (up from 1.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% 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 2% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Jun 25
Sun* Inc. (TSE:4053) agreed to acquire GlobalGear inc. from KLab Inc. (TSE:3656). Sun* Inc. (TSE:4053) agreed to acquire GlobalGear inc. from KLab Inc. (TSE:3656) on June 25, 2025.
For the period ending December 31, 2024, GlobalGear inc. reported total revenue of ¥490 million, EBIT of ¥242 million and net income of ¥169 million. As of December 31, 2024, GlobalGear inc. reported total assets of ¥432 million and total common equity of ¥389 million.
The expected completion of the transaction is July 1, 2025. Announcement • Jun 03
Sun* Inc. to Report Q2, 2025 Results on Aug 13, 2025 Sun* Inc. announced that they will report Q2, 2025 results on Aug 13, 2025 Reported Earnings • May 19
First quarter 2025 earnings released: EPS: JP¥6.08 (vs JP¥10.72 in 1Q 2024) First quarter 2025 results: EPS: JP¥6.08 (down from JP¥10.72 in 1Q 2024). Revenue: JP¥3.54b (up 3.5% from 1Q 2024). Net income: JP¥228.0m (down 44% from 1Q 2024). Profit margin: 6.4% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥436, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the IT industry in Japan. Total loss to shareholders of 75% over the past three years. Announcement • Mar 27
Sun* Inc. to Report Q1, 2025 Results on May 14, 2025 Sun* Inc. announced that they will report Q1, 2025 results on May 14, 2025 Valuation Update With 7 Day Price Move • Feb 19
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥564, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the IT industry in Japan. Total loss to shareholders of 60% over the past three years. Reported Earnings • Feb 14
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥26.87 (down from JP¥41.25 in FY 2023). Revenue: JP¥13.6b (up 8.4% from FY 2023). Net income: JP¥1.02b (down 35% from FY 2023). Profit margin: 7.5% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.4%. Revenue is forecast to grow 14% p.a. on average during the next 2 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 8% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. New Risk • Feb 13
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 7.8% 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. Announcement • Feb 12
Sun* Inc., Annual General Meeting, Mar 27, 2025 Sun* Inc., Annual General Meeting, Mar 27, 2025. Buy Or Sell Opportunity • Jan 20
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 32% to JP¥691. The fair value is estimated to be JP¥564, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 9.8%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 26% in the next 2 years. Announcement • Jan 03
Sun* Inc. to Report Fiscal Year 2024 Results on Feb 12, 2025 Sun* Inc. announced that they will report fiscal year 2024 results on Feb 12, 2025 Buy Or Sell Opportunity • Dec 25
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 24% to JP¥671. The fair value is estimated to be JP¥558, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 9.8%. Revenue is forecast to grow by 32% in 2 years. Earnings are forecast to grow by 26% in the next 2 years. Buy Or Sell Opportunity • Nov 22
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥693. The fair value is estimated to be JP¥569, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Earnings per share has grown by 9.8%. Revenue is forecast to grow by 31% in 2 years. Earnings are forecast to grow by 33% in the next 2 years. Reported Earnings • Nov 19
Third quarter 2024 earnings released: EPS: JP¥11.39 (vs JP¥12.82 in 3Q 2023) Third quarter 2024 results: EPS: JP¥11.39 (down from JP¥12.82 in 3Q 2023). Revenue: JP¥3.48b (up 10.0% from 3Q 2023). Net income: JP¥434.0m (down 11% from 3Q 2023). Profit margin: 13% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% 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 10% per year but the company’s share price has fallen by 41% per year, which means it is significantly lagging earnings. Announcement • Nov 14
Sun* Inc. (TSE:4053) announces an Equity Buyback for 1,000,000 shares, representing 2.62% for ¥700 million. Sun* Inc. (TSE:4053) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 2.62% of its issued share capital, for ¥700 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency through the implementation of a flexible capital policy. The program is valid till February 28, 2025. As of September 30, 2024, there are 38,100,668 outstanding shares (excluding treasury stock) and 132 treasury shares. New Risk • Nov 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 7.8% 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. Announcement • Aug 27
Sun* Inc. to Report Q3, 2024 Results on Nov 13, 2024 Sun* Inc. announced that they will report Q3, 2024 results on Nov 13, 2024 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to JP¥618, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 71% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥251 per share. Reported Earnings • Aug 18
Second quarter 2024 earnings released: EPS: JP¥1.58 (vs JP¥8.12 in 2Q 2023) Second quarter 2024 results: EPS: JP¥1.58 (down from JP¥8.12 in 2Q 2023). Revenue: JP¥3.10b (flat on 2Q 2023). Net income: JP¥60.0m (down 81% from 2Q 2023). Profit margin: 1.9% (down from 10% in 2Q 2023). 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 increased by 11% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. 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¥678, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the IT industry in Japan. Total loss to shareholders of 61% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥953 per share. Buy Or Sell Opportunity • Aug 05
Now 29% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to JP¥678. The fair value is estimated to be JP¥953, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. New Risk • Jul 31
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 5.2% 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 • Jun 28
Sun* Inc. to Report Q2, 2024 Results on Aug 14, 2024 Sun* Inc. announced that they will report Q2, 2024 results on Aug 14, 2024 Reported Earnings • May 16
First quarter 2024 earnings released: EPS: JP¥10.72 (vs JP¥10.71 in 1Q 2023) First quarter 2024 results: EPS: JP¥10.72 (up from JP¥10.71 in 1Q 2023). Revenue: JP¥3.42b (up 12% from 1Q 2023). Net income: JP¥408.0m (flat on 1Q 2023). Profit margin: 12% (down from 13% in 1Q 2023). 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 4.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Mar 28
Sun* Inc. to Report Q1, 2024 Results on May 13, 2024 Sun* Inc. announced that they will report Q1, 2024 results on May 13, 2024 Buy Or Sell Opportunity • Feb 21
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at JP¥1,010. The fair value is estimated to be JP¥1,275, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 56% in the next 2 years. Reported Earnings • Feb 10
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥41.25 (up from JP¥21.79 in FY 2022). Revenue: JP¥12.5b (up 17% from FY 2022). Net income: JP¥1.57b (up 91% from FY 2022). Profit margin: 13% (up from 7.7% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Revenue is forecast to grow 14% p.a. on average during the next 2 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 11% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Announcement • Feb 09
Sun* Inc., Annual General Meeting, Mar 28, 2024 Sun* Inc., Annual General Meeting, Mar 28, 2024. Announcement • Dec 24
Sun* Inc. to Report Fiscal Year 2023 Results on Feb 09, 2024 Sun* Inc. announced that they will report fiscal year 2023 results on Feb 09, 2024 Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥1,048, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥721 per share. Reported Earnings • Nov 09
Third quarter 2023 earnings released: EPS: JP¥12.82 (vs JP¥7.50 in 3Q 2022) Third quarter 2023 results: EPS: JP¥12.82 (up from JP¥7.50 in 3Q 2022). Revenue: JP¥3.16b (up 13% from 3Q 2022). Net income: JP¥488.0m (up 72% from 3Q 2022). Profit margin: 15% (up from 10% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the IT industry in Japan. 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 29% per year, which means it is significantly lagging earnings. New Risk • Oct 21
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 7.4% 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. Announcement • Sep 28
Sun* Inc. to Report Q3, 2023 Results on Nov 08, 2023 Sun* Inc. announced that they will report Q3, 2023 results on Nov 08, 2023 New Risk • Aug 11
New major 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 7.5% 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 • Aug 10
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: JP¥8.12 (up from JP¥5.43 in 2Q 2022). Revenue: JP¥3.07b (up 19% from 2Q 2022). Net income: JP¥309.0m (up 51% from 2Q 2022). Profit margin: 10% (up from 7.9% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 59%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the IT industry in Japan. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to JP¥1,343, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 17x in the IT industry in Japan. Total loss to shareholders of 28% over the past three years. Announcement • May 28
Sun* Inc. to Report Q2, 2023 Results on Aug 09, 2023 Sun* Inc. announced that they will report Q2, 2023 results on Aug 09, 2023 Reported Earnings • May 12
First quarter 2023 earnings released: EPS: JP¥10.71 (vs JP¥3.55 in 1Q 2022) First quarter 2023 results: EPS: JP¥10.71 (up from JP¥3.55 in 1Q 2022). Revenue: JP¥3.05b (up 17% from 1Q 2022). Net income: JP¥407.0m (up 204% from 1Q 2022). Profit margin: 13% (up from 5.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Japan. Valuation Update With 7 Day Price Move • May 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,144, the stock trades at a forward P/E ratio of 40x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 6.9% over the past year. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥1,209, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 24% over the past year. Reported Earnings • Feb 09
Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2022 results: EPS: JP¥21.81 (down from JP¥34.78 in FY 2021). Revenue: JP¥10.7b (up 34% from FY 2021). Net income: JP¥824.0m (down 37% from FY 2021). Profit margin: 7.7% (down from 16% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 6.9%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the IT industry in Japan. Announcement • Dec 28
Sun* Inc. to Report Fiscal Year 2022 Results on Feb 08, 2023 Sun* Inc. announced that they will report fiscal year 2022 results on Feb 08, 2023 Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: JP¥7.50 (vs JP¥8.39 in 3Q 2021) Third quarter 2022 results: EPS: JP¥7.50 (down from JP¥8.39 in 3Q 2021). Revenue: JP¥2.80b (up 34% from 3Q 2021). Net income: JP¥283.0m (down 10% from 3Q 2021). Profit margin: 10% (down from 15% in 3Q 2021). 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 6.9% growth forecast for the IT industry in Japan. Announcement • Nov 11
Sun* Inc. Provides Earning Guidance for the Fiscal Year Ending December 31, 2022 Sun* Inc. provided earning guidance for the fiscal year ending December 31, 2022. For the period, the company expects net sales of JPY 10,853 million, operating income of JPY 866 million, ordinary income of JPY 1,058 million, net income attributable to owners of parent of JPY 769 million and net income per share of JPY 20.37. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥972, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 67% over the past year. Announcement • Aug 31
Sun* Inc. to Report Q3, 2022 Results on Nov 09, 2022 Sun* Inc. announced that they will report Q3, 2022 results on Nov 09, 2022 Announcement • Aug 12
Sun* Inc. Provides Consolidated Earnings Forecasts for the Full Year of the Fiscal Year Ending March 31, 2023 Sun* Inc. provided consolidated earnings forecasts for the full year of the fiscal year ending March 31, 2023. For the year, the company expects net sales to be JPY 10,853 million, Operating profit to be JPY 866 million, Profit attributable to owners of the parent to be JPY 769 million and profit per share to be JPY 20.37. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: JP¥5.43 (vs JP¥10.32 in 2Q 2021) Second quarter 2022 results: EPS: JP¥5.43 (down from JP¥10.32 in 2Q 2021). Revenue: JP¥2.59b (up 43% from 2Q 2021). Net income: JP¥205.0m (down 47% from 2Q 2021). Profit margin: 7.9% (down from 21% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 35%, compared to a 11% growth forecast for the industry in Japan. Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥913, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 19x in the IT industry in Japan. Total loss to shareholders of 55% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥732 per share. Announcement • May 31
Sun* Inc. to Report Q2, 2022 Results on Aug 10, 2022 Sun* Inc. announced that they will report Q2, 2022 results on Aug 10, 2022 Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorated over the past week After last week's 35% share price decline to JP¥1,060, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 19x in the IT industry in Japan. Total loss to shareholders of 51% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥715 per share. Reported Earnings • May 13
First quarter 2022 earnings: EPS and revenues exceed analyst expectations First quarter 2022 results: EPS: JP¥3.55 (down from JP¥9.01 in 1Q 2021). Revenue: JP¥2.60b (up 43% from 1Q 2021). Net income: JP¥134.0m (down 60% from 1Q 2021). Profit margin: 5.1% (down from 18% in 1Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 35%, compared to a 7.8% growth forecast for the industry in Japan. Announcement • May 12
Sun* Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2022 Sun* Inc. provided consolidated earnings guidance for the fiscal year ending December 31, 2022. For the year, the company expects net sales of JPY 11,400 million, operating income of JPY 1,710 million, net income attributable to shareholders of parent company of JPY 1,500 million and net income per share of JPY 39.75. Announcement • Apr 07
Sun* Inc. to Report Q1, 2022 Results on May 11, 2022 Sun* Inc. announced that they will report Q1, 2022 results on May 11, 2022 Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥2,012, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 19x in the IT industry in Japan. Total loss to shareholders of 20% over the past year. Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥1,454, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 17x in the IT industry in Japan. Total loss to shareholders of 45% over the past year. Simply Wall St's valuation model estimates the intrinsic value at JP¥713 per share. Reported Earnings • Feb 10
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: JP¥34.79 (up from JP¥22.92 in FY 2020). Revenue: JP¥8.03b (up 50% from FY 2020). Net income: JP¥1.30b (up 62% from FY 2020). Profit margin: 16% (up from 15% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.0%. Earnings per share (EPS) also surpassed analyst estimates by 11%. Over the next year, revenue is forecast to grow 28%, compared to a 7.4% growth forecast for the industry in Japan. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS JP¥8.39 (vs JP¥4.21 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.09b (up 50% from 3Q 2020). Net income: JP¥316.0m (up 104% from 3Q 2020). Profit margin: 15% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Apr 06
Full year 2020 earnings released: EPS JP¥22.92 (vs JP¥13.15 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥5.37b (up 19% from FY 2019). Net income: JP¥804.0m (up 96% from FY 2019). Profit margin: 15% (up from 9.1% in FY 2019). The increase in margin was driven by higher revenue. Announcement • Mar 04
Sun* Inc. to Report Q1, 2021 Results on May 13, 2021 Sun* Inc. announced that they will report Q1, 2021 results on May 13, 2021 Is New 90 Day High Low • Mar 04
New 90-day low: JP¥2,247 The company is down 21% from its price of JP¥2,830 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. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is JP¥847 per share. Reported Earnings • Feb 15
Full year 2020 earnings released: EPS JP¥22.92 (vs JP¥13.15 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥5.37b (up 19% from FY 2019). Net income: JP¥804.0m (up 96% from FY 2019). Profit margin: 15% (up from 9.1% in FY 2019). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Feb 15
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 0.06%. Earnings per share (EPS) exceeded analyst estimates by 9.5%. Over the next year, revenue is forecast to grow 23%, compared to a 8.8% growth forecast for the IT industry in Japan. Announcement • Feb 10
Sun* Inc., Annual General Meeting, Mar 30, 2021 Sun* Inc., Annual General Meeting, Mar 30, 2021. Is New 90 Day High Low • Dec 28
New 90-day low: JP¥2,265 The company is down 22% from its price of JP¥2,896 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share.