Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,269, the stock trades at a trailing P/E ratio of 13.4x. Average trailing P/E is 18x in the Software industry in Japan. Total returns to shareholders of 6.7% over the past three years. Buy Or Sell Opportunity • Mar 06
Now 22% overvalued Over the last 90 days, the stock has fallen 21% to JP¥1,120. The fair value is estimated to be JP¥922, however this is not to be taken as a sell 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 5.5%. New Risk • Feb 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 12% Last year net profit margin: 18% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (JP¥4.52b market cap, or US$29.5m). Announcement • Feb 13
YMIRLINK,Inc., Annual General Meeting, Mar 26, 2026 YMIRLINK,Inc., Annual General Meeting, Mar 26, 2026. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,165, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 18x in the Software industry in Japan. Total returns to shareholders of 2.0% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 March 2026. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%). Announcement • Sep 19
YMIRLINK,Inc. to Report Q3, 2025 Results on Nov 14, 2025 YMIRLINK,Inc. announced that they will report Q3, 2025 results on Nov 14, 2025 Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: JP¥24.01 (vs JP¥28.44 in 2Q 2024) Second quarter 2025 results: EPS: JP¥24.01 (down from JP¥28.44 in 2Q 2024). Revenue: JP¥748.0m (up 14% from 2Q 2024). Net income: JP¥92.0m (down 16% from 2Q 2024). Profit margin: 12% (down from 17% in 2Q 2024). The decrease in margin was driven by higher expenses. New Risk • Jul 17
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 0% Dividend yield: 3.7% 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 Risks Dividend is not well covered by cash flows (0% cash payout ratio). Market cap is less than US$100m (JP¥5.87b market cap, or US$39.6m). Announcement • May 31
YMIRLINK,Inc. to Report Q2, 2025 Results on Aug 14, 2025 YMIRLINK,Inc. announced that they will report Q2, 2025 results on Aug 14, 2025 Reported Earnings • May 21
First quarter 2025 earnings released: EPS: JP¥24.79 (vs JP¥26.46 in 1Q 2024) First quarter 2025 results: EPS: JP¥24.79 (down from JP¥26.46 in 1Q 2024). Revenue: JP¥724.0m (up 12% from 1Q 2024). Net income: JP¥95.0m (down 6.2% from 1Q 2024). Profit margin: 13% (down from 16% in 1Q 2024). The decrease in margin was driven by higher expenses. Announcement • Mar 08
YMIRLINK,Inc. to Report Q1, 2025 Results on May 15, 2025 YMIRLINK,Inc. announced that they will report Q1, 2025 results on May 15, 2025 Reported Earnings • Feb 16
Full year 2024 earnings released: EPS: JP¥122 (vs JP¥107 in FY 2023) Full year 2024 results: EPS: JP¥122 (up from JP¥107 in FY 2023). Revenue: JP¥2.67b (up 15% from FY 2023). Net income: JP¥469.0m (up 15% from FY 2023). Profit margin: 18% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Feb 14
YMIRLINK,Inc., Annual General Meeting, Mar 27, 2025 YMIRLINK,Inc., Annual General Meeting, Mar 27, 2025. Announcement • Jan 03
YMIRLINK,Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025 YMIRLINK,Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025 Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: JP¥29.75 (vs JP¥28.46 in 3Q 2023) Third quarter 2024 results: EPS: JP¥29.75 (up from JP¥28.46 in 3Q 2023). Revenue: JP¥674.0m (up 17% from 3Q 2023). Net income: JP¥114.0m (up 4.6% from 3Q 2023). Profit margin: 17% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Sep 10
YMIRLINK,Inc. to Report Q3, 2024 Results on Nov 12, 2024 YMIRLINK,Inc. announced that they will report Q3, 2024 results on Nov 12, 2024 Announcement • Sep 04
YMIRLINK,Inc. (TSE:4372) completed the acquisition of ROC inc. from Sho Sakamoto. YMIRLINK,Inc. (TSE:4372) agreed to acquire ROC inc. from Sho Sakamoto on June 14, 2024.
For the period ending August 31, 2023, ROC inc. reported total revenue of ¥148 million, operating loss of ¥5 million and net loss of ¥5 million. As of August 31, 2023, ROC inc. reported total assets of ¥73 million and net liabilities of ¥13 million.
The expected completion of the transaction is September 1, 2027.
YMIRLINK,Inc. (TSE:4372) completed the acquisition of ROC inc. from Sho Sakamoto on September 2, 2024. Announcement • Sep 03
Ymirlink,Inc. Provides Non-Consolidated Earnings Guidance for the Year Ending December 31, 2024 YMIRLINK,Inc. provided non-consolidated earnings guidance for the year ending December 31, 2024. For the year, the company expects net sales to be JPY 2,570 million, operating profit to be JPY 610 million, basic earnings to be JPY 420 million and basic earnings per share to be JPY 109.79. Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: JP¥28.45 (vs JP¥25.39 in 2Q 2023) Second quarter 2024 results: EPS: JP¥28.45 (up from JP¥25.39 in 2Q 2023). Revenue: JP¥659.0m (up 13% from 2Q 2023). Net income: JP¥109.0m (up 12% from 2Q 2023). Profit margin: 17% (in line with 2Q 2023). Announcement • Jun 06
YMIRLINK,Inc. to Report Q2, 2024 Results on Aug 09, 2024 YMIRLINK,Inc. announced that they will report Q2, 2024 results on Aug 09, 2024 Reported Earnings • May 20
First quarter 2024 earnings released: EPS: JP¥26.37 (vs JP¥23.37 in 1Q 2023) First quarter 2024 results: EPS: JP¥26.37 (up from JP¥23.37 in 1Q 2023). Revenue: JP¥648.0m (up 18% from 1Q 2023). Net income: JP¥101.0m (up 14% from 1Q 2023). Profit margin: 16% (in line with 1Q 2023). Announcement • Mar 01
YMIRLINK,Inc. to Report Q1, 2024 Results on May 14, 2024 YMIRLINK,Inc. announced that they will report Q1, 2024 results on May 14, 2024 Announcement • Feb 16
YMIRLINK,Inc., Annual General Meeting, Mar 28, 2024 YMIRLINK,Inc., Annual General Meeting, Mar 28, 2024. Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: JP¥107 (vs JP¥92.82 in FY 2022) Full year 2023 results: EPS: JP¥107 (up from JP¥92.82 in FY 2022). Revenue: JP¥2.32b (up 6.1% from FY 2022). Net income: JP¥409.0m (up 14% from FY 2022). Profit margin: 18% (up from 17% in FY 2022). The increase in margin was driven by higher revenue. Announcement • Dec 05
YMIRLINK,Inc. to Report Fiscal Year 2023 Results on Feb 13, 2024 YMIRLINK,Inc. announced that they will report fiscal year 2023 results on Feb 13, 2024 Reported Earnings • Nov 16
Third quarter 2023 earnings released: EPS: JP¥28.46 (vs JP¥22.95 in 3Q 2022) Third quarter 2023 results: EPS: JP¥28.46 (up from JP¥22.95 in 3Q 2022). Revenue: JP¥577.0m (up 11% from 3Q 2022). Net income: JP¥109.0m (up 23% from 3Q 2022). Profit margin: 19% (up from 17% in 3Q 2022). The increase in margin was driven by higher revenue. Announcement • Sep 28
YMIRLINK,Inc. to Report Q3, 2023 Results on Nov 13, 2023 YMIRLINK,Inc. announced that they will report Q3, 2023 results on Nov 13, 2023 Announcement • Sep 05
YMIRLINK,Inc. Provides Non-Consolidated Earnings Guidance for the Year Ending December 31, 2023 YMIRLINK,Inc. provided non-consolidated earnings guidance for the year ending December 31, 2023. For the year, the company expects net sales to be JPY 2,400 million, operating profit to be JPY 575 million, basic earnings to be JPY 396 million and basic earnings per share to be JPY 104.11. Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: JP¥25.39 (vs JP¥22.09 in 2Q 2022) Second quarter 2023 results: EPS: JP¥25.39 (up from JP¥22.09 in 2Q 2022). Revenue: JP¥581.0m (up 2.1% from 2Q 2022). Net income: JP¥97.0m (up 13% from 2Q 2022). Profit margin: 17% (up from 15% in 2Q 2022). Announcement • Jun 28
YMIRLINK,Inc. to Report Q2, 2023 Results on Aug 09, 2023 YMIRLINK,Inc. announced that they will report Q2, 2023 results on Aug 09, 2023 Reported Earnings • May 15
First quarter 2023 earnings released: EPS: JP¥23.37 (vs JP¥20.81 in 1Q 2022) First quarter 2023 results: EPS: JP¥23.37 (up from JP¥20.81 in 1Q 2022). Revenue: JP¥551.0m (up 3.8% from 1Q 2022). Net income: JP¥89.0m (up 9.9% from 1Q 2022). Profit margin: 16% (in line with 1Q 2022). Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: JP¥92.82 (vs JP¥78.40 in FY 2021) Full year 2022 results: EPS: JP¥92.82 (up from JP¥78.40 in FY 2021). Revenue: JP¥2.18b (up 13% from FY 2021). Net income: JP¥359.0m (up 26% from FY 2021). Profit margin: 17% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Announcement • Feb 12
YMIRLINK,Inc., Annual General Meeting, Mar 30, 2023 YMIRLINK,Inc., Annual General Meeting, Mar 30, 2023. Announcement • Dec 09
YMIRLINK,Inc. to Report Fiscal Year 2022 Results on Feb 10, 2023 YMIRLINK,Inc. announced that they will report fiscal year 2022 results on Feb 10, 2023 Announcement • Nov 25
YMIRLINK,Inc. Provides Non-Consolidated Earnings Guidance for the Year Ending December 31, 2022 YMIRLINK,Inc. provided non-consolidated earnings guidance for the year ending December 31, 2022. For the year, the company expects net sales of JPY 2,175 million, operating profit of JPY 470 million, basic earnings of JPY 321 million or JPY 83.24 per share basic. Reported Earnings • Nov 17
Third quarter 2022 earnings released: EPS: JP¥22.95 (vs JP¥25.42 in 3Q 2021) Third quarter 2022 results: EPS: JP¥22.95 (down from JP¥25.42 in 3Q 2021). Revenue: JP¥522.0m (flat on 3Q 2021). Net income: JP¥89.0m (down 10% from 3Q 2021). Profit margin: 17% (down from 19% in 3Q 2021). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 17
YMIRLINK,Inc. to Report Q3, 2022 Results on Nov 14, 2022 YMIRLINK,Inc. announced that they will report Q3, 2022 results on Nov 14, 2022 Announcement • Sep 15
YMIRLINK,Inc. (TSE:4372) announces an Equity Buyback for 84,600 shares, representing 2.17% for ¥120 million. YMIRLINK,Inc. (TSE:4372) announces a share repurchase program. Under the program, the company will repurchase up to 84,600 shares, representing 2.17% for ¥120 million. The purpose of the plan is to improve capital efficiency and implement a flexible capital policy that responds to changes in the business environment. The plan is valid till September 15, 2022. As of June 30, 2022, the company had 3,892,600 shares issued and 0 shares in treasury. Reported Earnings • Aug 14
Second quarter 2022 earnings released Second quarter 2022 results: EPS: JP¥22.09. Revenue: JP¥569.0m (flat on 2Q 2021). Net income: JP¥86.0m (up JP¥86.0m from 2Q 2021). Profit margin: 15% (up from null in 2Q 2021). Announcement • Jun 16
YMIRLINK,Inc. to Report Q2, 2022 Results on Aug 12, 2022 YMIRLINK,Inc. announced that they will report Q2, 2022 results on Aug 12, 2022 Reported Earnings • May 19
First quarter 2022 earnings released First quarter 2022 results: EPS: JP¥20.81. Revenue: JP¥531.0m (flat on 1Q 2021). Net income: JP¥81.0m (up JP¥81.0m from 1Q 2021). Profit margin: 15% (up from null in 1Q 2021). Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 08
YMIRLINK,Inc. to Report Q1, 2022 Results on May 13, 2022 YMIRLINK,Inc. announced that they will report Q1, 2022 results on May 13, 2022 Announcement • Feb 17
YMIRLINK,Inc., Annual General Meeting, Mar 30, 2022 YMIRLINK,Inc., Annual General Meeting, Mar 30, 2022. Reported Earnings • Feb 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥78.40 (up from JP¥63.02 in FY 2020). Revenue: JP¥1.93b (up 18% from FY 2020). Net income: JP¥286.0m (up 28% from FY 2020). Profit margin: 15% (in line with FY 2020). Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,222, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 27x in the Software industry in Japan. Announcement • Sep 24
YMIRLINK,Inc. has completed an IPO in the amount of ¥1.276 billion. YMIRLINK,Inc. has completed an IPO in the amount of ¥1.276 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,276,000
Price\Range: ¥1000
Discount Per Security: ¥80 
