Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥648, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 16x in the Software industry in Japan. Total returns to shareholders of 3.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥630 per share. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥626, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 16x in the Software industry in Japan. Total loss to shareholders of 3.5% over the past three years. Buy Or Sell Opportunity • Feb 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 39% to JP¥495. The fair value is estimated to be JP¥620, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 49% in 2 years. Earnings are forecast to grow by 68% in the next 2 years. Reported Earnings • Feb 14
First quarter 2026 earnings released: EPS: JP¥4.90 (vs JP¥7.22 in 1Q 2025) First quarter 2026 results: EPS: JP¥4.90 (down from JP¥7.22 in 1Q 2025). Revenue: JP¥3.70b (up 16% from 1Q 2025). Net income: JP¥201.0m (down 31% from 1Q 2025). Profit margin: 5.4% (down from 9.2% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 7% 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 8.2% 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 13
PLAID,Inc. to Report Q2, 2026 Results on May 14, 2026 PLAID,Inc. announced that they will report Q2, 2026 results at 3:30 PM, Tokyo Standard Time on May 14, 2026 Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥564, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the Software industry in Japan. Total loss to shareholders of 21% over the past three years. Announcement • Dec 16
PLAID,Inc. to Report Q1, 2026 Results on Feb 12, 2026 PLAID,Inc. announced that they will report Q1, 2026 results at 3:30 PM, Tokyo Standard Time on Feb 12, 2026 Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥839, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 20x in the Software industry in Japan. Total loss to shareholders of 7.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,128 per share. Reported Earnings • Nov 14
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥26.98 (up from JP¥7.99 in FY 2024). Revenue: JP¥13.4b (up 22% from FY 2024). Net income: JP¥1.10b (up 243% from FY 2024). Profit margin: 8.2% (up from 2.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Nov 14
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to JP¥848. The fair value is estimated to be JP¥1,127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 39% in 2 years. Earnings are forecast to grow by 48% in the next 2 years. New Risk • Nov 13
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 6.3% 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 • Nov 12
PLAID,Inc., Annual General Meeting, Dec 18, 2025 PLAID,Inc., Annual General Meeting, Dec 18, 2025. Announcement • Aug 22
PLAID,Inc. to Report Q4, 2025 Results on Nov 12, 2025 PLAID,Inc. announced that they will report Q4, 2025 results at 3:30 PM, Tokyo Standard Time on Nov 12, 2025 Reported Earnings • Aug 15
Third quarter 2025 earnings released: EPS: JP¥5.81 (vs JP¥0.032 in 3Q 2024) Third quarter 2025 results: EPS: JP¥5.81 (up from JP¥0.032 in 3Q 2024). Revenue: JP¥3.29b (up 18% from 3Q 2024). Net income: JP¥237.0m (up JP¥235.7m from 3Q 2024). Profit margin: 7.2% (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 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 40% per year, which means it is significantly lagging earnings growth. Announcement • May 27
PLAID,Inc. to Report Q3, 2025 Results on Aug 14, 2025 PLAID,Inc. announced that they will report Q3, 2025 results on Aug 14, 2025 Reported Earnings • May 20
Second quarter 2025 earnings released: EPS: JP¥8.57 (vs JP¥1.75 in 2Q 2024) Second quarter 2025 results: EPS: JP¥8.57 (up from JP¥1.75 in 2Q 2024). Revenue: JP¥3.36b (up 23% from 2Q 2024). Net income: JP¥348.5m (up 398% from 2Q 2024). Profit margin: 10% (up from 2.6% 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 30% per year whereas the company’s share price has increased by 27% per year. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥1,134, the stock trades at a trailing P/E ratio of 73.3x. Average trailing P/E is 19x in the Software industry in Japan. Total loss to shareholders of 14% over the past three years. Announcement • Apr 01
PLAID,Inc. (TSE:4165) agreed to acquire an additional 23.27% stake in Agito, Inc. from Kotatsu Takai and Masafumi Ueno for ¥350 million. PLAID,Inc. (TSE:4165) agreed to acquire an additional 23.27% stake in Agito, Inc. from Kotatsu Takai and Masafumi Ueno for ¥350 million on March 31, 2025. Upon completion, PLAID,Inc. will own 90.03% stake in Agito, Inc.
For the period ending December 31, 2024, Agito, Inc. reported total revenue of ¥395 million, EBIT of ¥111 million and net income of ¥81 million. As of December 31, 2024, Agito, Inc. reported total assets of ¥411 million and total common equity of ¥166 million.
The expected completion of the transaction is May 13, 2025. Announcement • Mar 31
PLAID,Inc. to Report Q2, 2025 Results on May 15, 2025 PLAID,Inc. announced that they will report Q2, 2025 results on May 15, 2025 Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to JP¥1,135, the stock trades at a trailing P/E ratio of 73.3x. Average trailing P/E is 20x in the Software industry in Japan. Total returns to shareholders of 5.4% over the past three years. New Risk • Feb 16
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 120% 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 Risks Share price has been highly volatile over the past 3 months (9.0% average weekly change). Earnings are forecast to decline by an average of 120% per year for the foreseeable future. Reported Earnings • Feb 15
First quarter 2025 earnings released: EPS: JP¥7.21 (vs JP¥0.41 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥7.21 (up from JP¥0.41 loss in 1Q 2024). Revenue: JP¥3.19b (up 26% from 1Q 2024). Net income: JP¥292.0m (up JP¥308.0m from 1Q 2024). Profit margin: 9.2% (up from net loss in 1Q 2024). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Software 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 fallen by 4% per year. New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (9.7% average weekly change). Minor Risk Shareholders have been diluted in the past year (3.0% increase in shares outstanding). Major Estimate Revision • Dec 21
Consensus EPS estimates fall by 14%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from JP¥13.1b to JP¥13.3b. EPS estimate fell from JP¥20.21 to JP¥17.30 per share. Net income forecast to grow 118% next year vs 19% growth forecast for Software industry in Japan. Consensus price target up from JP¥740 to JP¥790. Share price fell 7.5% to JP¥1,084 over the past week. Reported Earnings • Nov 15
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥7.99 (up from JP¥53.91 loss in FY 2023). Revenue: JP¥11.0b (up 27% from FY 2023). Net income: JP¥320.0m (up JP¥2.43b from FY 2023). Profit margin: 2.9% (up from net loss in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 91%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. New Risk • Nov 15
New major risk - Revenue and earnings growth Earnings have declined by 30% 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 Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 30% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (2.9% increase in shares outstanding). Breakeven Date Change • Oct 09
Forecast breakeven date pushed back to 2025 The analyst covering PLAIDInc previously expected the company to break even in 2024. New forecast suggests the company will make a profit of JP¥818.4m in 2025. Average annual earnings growth of 110% is required to achieve expected profit on schedule. Announcement • Sep 27
PLAID,Inc. to Report Fiscal Year 2024 Results on Nov 12, 2024 PLAID,Inc. announced that they will report fiscal year 2024 results on Nov 12, 2024 Reported Earnings • Aug 18
Third quarter 2024 earnings released: EPS: JP¥0.032 (vs JP¥9.69 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥0.032 (up from JP¥9.69 loss in 3Q 2023). Revenue: JP¥2.80b (up 27% from 3Q 2023). Net income: JP¥1.28m (up JP¥381.3m from 3Q 2023). Profit margin: 0% (up from net loss in 3Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. Breakeven Date Change • Jul 11
Forecast breakeven date moved forward to 2024 The analyst covering PLAIDInc previously expected the company to break even in 2025. New forecast suggests the company will make a profit of JP¥152.6m in 2024. Earnings growth of 111% is required to achieve expected profit on schedule. Announcement • May 17
PLAID,Inc. to Report Q3, 2024 Results on Aug 13, 2024 PLAID,Inc. announced that they will report Q3, 2024 results on Aug 13, 2024 New Risk • May 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 8.7% 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 (8.7% average weekly change). Minor Risk Shareholders have been diluted in the past year (2.6% increase in shares outstanding). Reported Earnings • May 12
Second quarter 2024 earnings released: EPS: JP¥1.75 (vs JP¥3.55 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥1.75 (up from JP¥3.55 loss in 2Q 2023). Revenue: JP¥2.73b (up 27% from 2Q 2023). Net income: JP¥70.0m (up JP¥209.0m from 2Q 2023). Profit margin: 2.6% (up from net loss in 2Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software 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 • Mar 31
PLAID,Inc. to Report Q2, 2024 Results on May 10, 2024 PLAID,Inc. announced that they will report Q2, 2024 results on May 10, 2024 New Risk • Mar 31
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Reported Earnings • Feb 14
First quarter 2024 earnings released First quarter 2024 results: Revenue: JP¥2.53b (up 30% from 1Q 2023). Net loss: JP¥16.2m (loss narrowed 87% from 1Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Announcement • Jan 06
PLAID,Inc. to Report Q1, 2024 Results on Feb 13, 2024 PLAID,Inc. announced that they will report Q1, 2024 results on Feb 13, 2024 New Risk • Nov 17
New major risk - Revenue and earnings growth Earnings have declined by 22% 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 Risks Share price has been highly volatile over the past 3 months (7.9% average weekly change). Earnings have declined by 22% per year over the past 5 years. Reported Earnings • Nov 17
Full year 2023 earnings: Revenues in line with analyst expectations Full year 2023 results: Revenue: JP¥8.63b (up 18% from FY 2022). Net loss: JP¥2.11b (loss widened 127% from FY 2022). Revenue was in line with analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Announcement • Nov 15
PLAID,Inc., Annual General Meeting, Dec 21, 2023 PLAID,Inc., Annual General Meeting, Dec 21, 2023. Major Estimate Revision • Sep 21
Consensus EPS estimates fall by 81% The consensus outlook for fiscal year 2023 has been updated. 2023 expected loss increased from -JP¥10.70 to -JP¥19.40 per share. Revenue forecast unchanged at JP¥8.57b. Software industry in Japan expected to see average net income growth of 13% next year. Consensus price target up from JP¥580 to JP¥670. Share price was steady at JP¥688 over the past week. Breakeven Date Change • Sep 20
No longer forecast to breakeven The analyst covering PLAIDInc no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of JP¥77.0m in 2025. New forecast suggests the company will make a loss of JP¥174.0m in 2025. Announcement • Sep 02
PLAID,Inc. to Report Fiscal Year 2023 Results on Nov 14, 2023 PLAID,Inc. announced that they will report fiscal year 2023 results on Nov 14, 2023 Buying Opportunity • Aug 18
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be JP¥772, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 14% in a year. Earnings is forecast to grow by 78% in the next year. Reported Earnings • Aug 09
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: JP¥2.21b (up 23% from 3Q 2022). Net loss: JP¥380.9m (loss widened 13% from 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Major Estimate Revision • Jun 17
Consensus EPS estimates fall by 16%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from JP¥8.19b to JP¥8.59b. Forecast EPS reduced from -JP¥9.20 to -JP¥10.70 per share. Software industry in Japan expected to see average net income growth of 14% next year. Consensus price target up from JP¥560 to JP¥580. Share price rose 13% to JP¥869 over the past week. Reported Earnings • May 13
Second quarter 2023 earnings released: JP¥3.55 loss per share (vs JP¥4.07 loss in 2Q 2022) Second quarter 2023 results: JP¥3.55 loss per share (improved from JP¥4.07 loss in 2Q 2022). Revenue: JP¥2.15b (up 16% from 2Q 2022). Net loss: JP¥139.0m (loss narrowed 11% from 2Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Japan. Announcement • May 13
PLAID,Inc. Provides Consolidated sales Guidance for the Fiscal Year Ending September 30, 2023 PLAID,Inc. provided consolidated sales guidance for the fiscal year ending September 30, 2023. For the period, the company expects net sales to be JPY 8,523 million. Breakeven Date Change • Feb 17
Forecast to breakeven in 2025 The analyst covering PLAIDInc expects the company to break even for the first time. New forecast suggests losses will reduce by 63% per year to 2024. The company is expected to make a profit of JP¥72.0m in 2025. Average annual earnings growth of 73% is required to achieve expected profit on schedule. Reported Earnings • Feb 14
First quarter 2023 earnings released: JP¥3.31 loss per share (vs JP¥4.85 loss in 1Q 2022) First quarter 2023 results: JP¥3.31 loss per share (improved from JP¥4.85 loss in 1Q 2022). Revenue: JP¥1.95b (up 11% from 1Q 2022). Net loss: JP¥128.0m (loss narrowed 30% from 1Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Japan. Announcement • Feb 13
PLAID,Inc. Provides Earnings Guidance for the Fiscal Year Ending September 30, 2023 PLAID,Inc. provided earnings guidance for the fiscal year ending September 30, 2023. For the year, the company expected Net sales to be JPY 8,523 Million. Price Target Changed • Feb 04
Price target increased by 11% to JP¥730 Up from JP¥655, the current price target is an average from 2 analysts. New target price is 10% below last closing price of JP¥815. Stock is down 36% over the past year. The company is forecast to post a net loss per share of JP¥9.10 next year compared to a net loss per share of JP¥24.28 last year. Announcement • Jan 13
PLAID,Inc. to Report Q1, 2023 Results on Feb 13, 2023 PLAID,Inc. announced that they will report Q1, 2023 results on Feb 13, 2023 Reported Earnings • Dec 27
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: JP¥24.28 loss per share (further deteriorated from JP¥2.84 loss in FY 2021). Revenue: JP¥7.30b (up 34% from FY 2021). Net loss: JP¥930.0m (loss widened JP¥824.0m from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Japan. Major Estimate Revision • Dec 17
Consensus estimates of losses per share improve by 62% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥7.92b to JP¥8.14b. EPS estimate increased from -JP¥23.70 per share to -JP¥9.10 per share. Software industry in Japan expected to see average net income growth of 12% next year. Consensus price target up from JP¥630 to JP¥655. Share price fell 11% to JP¥847 over the past week. Breakeven Date Change • Dec 16
Forecast to breakeven in 2025 The analyst covering PLAIDInc expects the company to break even for the first time. New forecast suggests losses will reduce by 63% per year to 2024. The company is expected to make a profit of JP¥72.0m in 2025. Average annual earnings growth of 71% is required to achieve expected profit on schedule. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 6 non-independent directors. Outside Corporate Auditor Akihito Nakamachi was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 10
PLAID,Inc., Annual General Meeting, Dec 20, 2022 PLAID,Inc., Annual General Meeting, Dec 20, 2022. Reported Earnings • Nov 10
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: JP¥24.28 loss per share (further deteriorated from JP¥2.84 loss in FY 2021). Revenue: JP¥7.30b (up 34% from FY 2021). Net loss: JP¥930.0m (loss widened JP¥824.0m from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.3%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Announcement • Nov 09
PLAID,Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending September 30, 2023 PLAID,Inc. provided consolidated earnings guidance for the fiscal year ending September 30, 2023. For the year, the company expects net sales of JPY 8,523 million. Announcement • Oct 14
PLAID,Inc. to Report Fiscal Year 2022 Results on Nov 08, 2022 PLAID,Inc. announced that they will report fiscal year 2022 results on Nov 08, 2022 Announcement • Oct 12
PLAID,Inc. (TSE:4165) acquired unknown minority stake in agito, Inc from Kotatsu Takai and Masafumi Ueno. PLAID,Inc. (TSE:4165) acquired unknown minority stake in agito, Inc from Kotatsu Takai and Masafumi Ueno on October 12, 2022. In related transaction, PLAID announced the the underwriting of its new shares issued by third party allotment. Aggregately, PLAID holds 66.76% in agito.
PLAID,Inc. (TSE:4165) completed the acquisition of unknown minority stake in agito, Inc from Kotatsu Takai and Masafumi Ueno on October 12, 2022. Price Target Changed • Sep 13
Price target decreased to JP¥480 Down from JP¥525, the current price target is provided by 1 analyst. New target price is 28% below last closing price of JP¥670. Stock is down 80% over the past year. The company is forecast to post a net loss per share of JP¥25.40 next year compared to a net loss per share of JP¥2.84 last year. Reported Earnings • Aug 11
Third quarter 2022 earnings released: JP¥8.75 loss per share (vs JP¥2.22 profit in 3Q 2021) Third quarter 2022 results: JP¥8.75 loss per share (down from JP¥2.22 profit in 3Q 2021). Revenue: JP¥1.80b (up 28% from 3Q 2021). Net loss: JP¥336.0m (down 499% from profit in 3Q 2021). Over the next year, revenue is forecast to grow 13%, compared to a 15% growth forecast for the industry in Japan. Announcement • May 29
PLAID,Inc. to Report Q3, 2022 Results on Aug 09, 2022 PLAID,Inc. announced that they will report Q3, 2022 results on Aug 09, 2022 Breakeven Date Change • May 20
No longer forecast to breakeven The analyst covering PLAIDInc no longer expects the company to break even during the foreseeable future. The company was expected to make a profit of JP¥201.0m in 2023. New forecast suggests the company will make a loss of JP¥873.0m in 2024. Price Target Changed • May 17
Price target increased to JP¥3,200 Up from JP¥2,550, the current price target is provided by 1 analyst. New target price is 481% above last closing price of JP¥551. Stock is down 83% over the past year. The company is forecast to post a net loss per share of JP¥8.40 next year compared to a net loss per share of JP¥2.84 last year. Announcement • May 12
PLAID,Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending September 30, 2022 PLAID,Inc. revised consolidated earnings guidance for the fiscal year ending September 30, 2022. For the period, the company now expects net sales of JPY 7,186 million, operating loss of JPY 1,213 million, net loss attributable to owners of parent of JPY 1,243 million and net loss per share of JPY 32.21 against previous revenue guidance range of JPY 7,419 million to JPY 7,828 million, operating loss in range of JPY 1,565 million to JPY 1,343 million, net loss attributable to owners of parent in range of JPY 1,694 million to JPY 1,473 million and net loss per share in range of JPY 44.72 to JPY 38.88. Reported Earnings • May 11
Second quarter 2022 earnings: Revenues in line with analyst expectations Second quarter 2022 results: Revenue: JP¥1.86b (up 32% from 2Q 2021). Net loss: JP¥156.0m (down 285% from profit in 2Q 2021). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 29%, compared to a 13% growth forecast for the industry in Japan. Buying Opportunity • May 06
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be JP¥1,446, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last year. Earnings per share has grown by 94%. Revenue is forecast to grow by 34% in a year. Earnings is forecast to decline by 206% in the next year. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Akihito Nakamachi was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
PLAID,Inc. to Report Q2, 2022 Results on May 10, 2022 PLAID,Inc. announced that they will report Q2, 2022 results on May 10, 2022 Buying Opportunity • Mar 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 43%. The fair value is estimated to be JP¥1,461, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last year. Earnings per share has grown by 94% over the last year. Board Change • Mar 21
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Akihito Nakamachi was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 09
PLAID,Inc. Provides Consolidated Financial Guidance for the Fiscal Year Ending September 30, 2022 PLAID,Inc. provided consolidated financial guidance for the fiscal year ending September 30, 2022. For the year, the company expects consolidated net sales of ¥7,419 ~ ¥7,828 million, operating loss of ¥1,565 ~ ¥1,343 million, net loss attributable to owners of parent of ¥1,694 million ~ ¥1,473 million or ¥44.72 ~ ¥38.88 loss per share. Announcement • Dec 23
PLAID,Inc. Announces Organizational Changes PLAID,Inc. announced that the Company has made a resolution at the Board of Directors held on December 21, 2021, to make the following changes in the organizations and personnel of the Company effective on January 1, 2022. Organizational Change: (1) "Product Division" and "Business Division" were merged, and renamed to "KARTE Division". This division integrates members who are involved in the development and provision of KARTE from the existing "Product Division" and "Business Division". By shortening the distance between customers and the development team, it will enable product development that is more tailored to the needs of customers and promote the expansion of KARTE's use cases. (2) "EcoSystem Division" Established: The division aims for developing the ecosystem through the development of new solutions with tech partners by utilizing the fundamental technologies that the Company has developed through the provision and operation of KARTE. (3) "Lab Division" Established: The division works on new business and product development of the Company that covers basic technologies and infrastructures related to data processing, as well as business development using these technologies, with a focus on long-term technology development, basic technologies and infrastructure for data processing, as well as business development using these technologies. (4) Renamed "Administrative Division" to "Accelerator Division": The Company positions the so-called administrative departments such as finance, accounting, legal, general affairs, human resources, and labor affairs as "Accelerators" that play a necessary role in accelerating the business under the governance of sound corporate management. The division has been renamed to embody this concept. Announcement • Sep 30
PLAID,Inc. Revises Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending September 30, 2021 PLAID,Inc. revised consolidated and non-consolidated earnings guidance for the Fiscal Year Ending September 30, 2021. For the period on consolidated basis, the company expects net sales of JPY 5,437 million compared to previous forecast of JPY 5,437 million. Operating income of JPY 151 million compared to previous forecast of JPY 151 million. Net loss attributable to owners of parent were JPY 118 million as compared to JPY 78 million a year ago. Net loss per share was JPY 3.21 as compared to JPY 2.13 a year ago.
For the period on non-consolidated basis, the company expects net sales of JPY 5,437 million compared to previous forecast of JPY 5,437 million. Operating income of JPY 151 million compared to previous forecast of JPY 151 million. Net loss was JPY 172 million as compared to JPY 132 million a year ago. Net loss per share was JPY 4.67 as compared to JPY 3.59 a year ago. Announcement • Dec 30
PLAID,Inc. to Report Q1, 2021 Results on Feb 12, 2021 PLAID,Inc. announced that they will report Q1, 2021 results on Feb 12, 2021 Announcement • Dec 25
PLAID,Inc., Annual General Meeting, Dec 25, 2020 PLAID,Inc., Annual General Meeting, Dec 25, 2020. Announcement • Dec 18
PLAID,Inc. has completed an IPO in the amount of ¥22.9424 billion. PLAID,Inc. has completed an IPO in the amount of ¥22.9424 billion.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 14,339,000
Price\Range: ¥1600
Discount Per Security: ¥120
Transaction Features: Rule 144A; Sponsor Backed Offering