Buy Or Sell Opportunity • Mar 17
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at JP¥924. The fair value is estimated to be JP¥1,174, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years, while earnings per share has been flat. Reported Earnings • Feb 16
First quarter 2026 earnings released: EPS: JP¥10.66 (vs JP¥21.29 in 1Q 2025) First quarter 2026 results: EPS: JP¥10.66 (down from JP¥21.29 in 1Q 2025). Revenue: JP¥1.77b (up 6.1% from 1Q 2025). Net income: JP¥31.0m (down 50% from 1Q 2025). Profit margin: 1.8% (down from 3.7% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Announcement • Dec 02
D. I. System Co., Ltd. to Report Q1, 2026 Results on Feb 13, 2026 D. I. System Co., Ltd. announced that they will report Q1, 2026 results on Feb 13, 2026 Reported Earnings • Nov 26
Full year 2025 earnings released: EPS: JP¥88.12 (vs JP¥82.88 in FY 2024) Full year 2025 results: EPS: JP¥88.12 (up from JP¥82.88 in FY 2024). Revenue: JP¥7.22b (up 5.7% from FY 2024). Net income: JP¥256.2m (up 6.3% from FY 2024). Profit margin: 3.5% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 5% per year. Announcement • Nov 14
D. I. System Co., Ltd., Annual General Meeting, Dec 23, 2025 D. I. System Co., Ltd., Annual General Meeting, Dec 23, 2025. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 25 December 2025. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%). Announcement • Sep 01
D. I. System Co., Ltd. to Report Fiscal Year 2025 Results on Nov 14, 2025 D. I. System Co., Ltd. announced that they will report fiscal year 2025 results on Nov 14, 2025 Reported Earnings • Aug 16
Third quarter 2025 earnings released: EPS: JP¥9.63 (vs JP¥11.01 in 3Q 2024) Third quarter 2025 results: EPS: JP¥9.63 (down from JP¥11.01 in 3Q 2024). Revenue: JP¥1.99b (up 8.8% from 3Q 2024). Net income: JP¥28.0m (down 13% from 3Q 2024). Profit margin: 1.4% (down from 1.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. Announcement • Jun 11
D. I. System Co., Ltd. to Report Q3, 2025 Results on Aug 14, 2025 D. I. System Co., Ltd. announced that they will report Q3, 2025 results on Aug 14, 2025 Reported Earnings • May 20
Second quarter 2025 earnings released: EPS: JP¥29.61 (vs JP¥29.23 in 2Q 2024) Second quarter 2025 results: EPS: JP¥29.61 (up from JP¥29.23 in 2Q 2024). Revenue: JP¥1.73b (up 3.3% from 2Q 2024). Net income: JP¥86.1m (up 1.3% from 2Q 2024). Profit margin: 5.0% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 10% per year. Declared Dividend • May 16
Dividend of JP¥27.00 announced Shareholders will receive a dividend of JP¥27.00. Ex-date: 29th September 2025 Payment date: 25th December 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (31% earnings payout ratio) and cash flows (68% cash payout ratio). The dividend has increased by an average of 12% per year over the past 7 years and payments have been stable during that time. Earnings per share has grown by 9.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Mar 04
D. I. System Co., Ltd. to Report Q2, 2025 Results on May 14, 2025 D. I. System Co., Ltd. announced that they will report Q2, 2025 results on May 14, 2025 Reported Earnings • Feb 17
First quarter 2025 earnings released: EPS: JP¥20.98 (vs JP¥22.70 in 1Q 2024) First quarter 2025 results: EPS: JP¥20.98 (down from JP¥22.70 in 1Q 2024). Revenue: JP¥1.66b (up 2.5% from 1Q 2024). Net income: JP¥61.0m (down 7.6% from 1Q 2024). Profit margin: 3.7% (down from 4.1% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 05
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥936. The fair value is estimated to be JP¥779, however this is not to be taken as a sell 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 19%. New Risk • Jan 14
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 5.4% 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 (36% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (JP¥2.88b market cap, or US$18.2m). Buy Or Sell Opportunity • Jan 14
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to JP¥991. The fair value is estimated to be JP¥787, however this is not to be taken as a sell 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 19%. Reported Earnings • Dec 31
Full year 2024 earnings released: EPS: JP¥82.88 (vs JP¥82.55 in FY 2023) Full year 2024 results: EPS: JP¥82.88 (up from JP¥82.55 in FY 2023). Revenue: JP¥6.83b (up 9.5% from FY 2023). Net income: JP¥241.0m (flat on FY 2023). Profit margin: 3.5% (down from 3.8% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Nov 30
D. I. System Co., Ltd. to Report Q1, 2025 Results on Feb 14, 2025 D. I. System Co., Ltd. announced that they will report Q1, 2025 results on Feb 14, 2025 Announcement • Nov 14
D. I. System Co., Ltd., Annual General Meeting, Dec 24, 2024 D. I. System Co., Ltd., Annual General Meeting, Dec 24, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 23 December 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Announcement • Aug 29
D. I. System Co., Ltd. to Report Fiscal Year 2024 Results on Nov 14, 2024 D. I. System Co., Ltd. announced that they will report fiscal year 2024 results on Nov 14, 2024 Reported Earnings • Aug 19
Third quarter 2024 earnings released: EPS: JP¥11.01 (vs JP¥10.32 in 3Q 2023) Third quarter 2024 results: EPS: JP¥11.01 (up from JP¥10.32 in 3Q 2023). Revenue: JP¥1.83b (up 10% from 3Q 2023). Net income: JP¥32.0m (up 6.7% from 3Q 2023). Profit margin: 1.7% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥792, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 16% over the past three years. Announcement • Jun 06
D. I. System Co., Ltd. to Report Q3, 2024 Results on Aug 14, 2024 D. I. System Co., Ltd. announced that they will report Q3, 2024 results on Aug 14, 2024 Reported Earnings • May 19
Second quarter 2024 earnings released: EPS: JP¥29.23 (vs JP¥33.70 in 2Q 2023) Second quarter 2024 results: EPS: JP¥29.23 (down from JP¥33.70 in 2Q 2023). Revenue: JP¥1.68b (up 9.0% from 2Q 2023). Net income: JP¥85.0m (down 13% from 2Q 2023). Profit margin: 5.1% (down from 6.4% 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 25% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Declared Dividend • May 16
Dividend of JP¥24.00 announced Shareholders will receive a dividend of JP¥24.00. Ex-date: 27th September 2024 Payment date: 23rd December 2024 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (21% cash payout ratio). The dividend has increased by an average of 11% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 6.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Feb 24
D. I. System Co., Ltd. to Report Q2, 2024 Results on May 14, 2024 D. I. System Co., Ltd. announced that they will report Q2, 2024 results on May 14, 2024 Reported Earnings • Feb 17
First quarter 2024 earnings released: EPS: JP¥22.70 (vs JP¥25.46 in 1Q 2023) First quarter 2024 results: EPS: JP¥22.70 (down from JP¥25.46 in 1Q 2023). Revenue: JP¥1.62b (up 11% from 1Q 2023). Net income: JP¥66.0m (down 11% from 1Q 2023). Profit margin: 4.1% (down from 5.1% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Nov 29
D. I. System Co., Ltd. to Report Q1, 2024 Results on Feb 14, 2024 D. I. System Co., Ltd. announced that they will report Q1, 2024 results on Feb 14, 2024 Reported Earnings • Nov 20
Full year 2023 earnings released: EPS: JP¥82.89 (vs JP¥65.99 in FY 2022) Full year 2023 results: EPS: JP¥82.89 (up from JP¥65.99 in FY 2022). Revenue: JP¥6.24b (up 14% from FY 2022). Net income: JP¥241.0m (up 24% from FY 2022). Profit margin: 3.9% (up from 3.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Nov 17
D. I. System Co., Ltd., Annual General Meeting, Dec 20, 2023 D. I. System Co., Ltd., Annual General Meeting, Dec 20, 2023. Valuation Update With 7 Day Price Move • Nov 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥853, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 1.1% over the past three years. New Risk • Nov 15
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: 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). Market cap is less than US$100m (JP¥2.53b market cap, or US$16.9m). Upcoming Dividend • Sep 21
Upcoming dividend of JP¥22.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 22 December 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Announcement • Sep 02
D. I. System Co., Ltd. to Report Fiscal Year 2023 Results on Nov 14, 2023 D. I. System Co., Ltd. announced that they will report fiscal year 2023 results on Nov 14, 2023 Reported Earnings • Aug 17
Third quarter 2023 earnings released: EPS: JP¥10.32 (vs JP¥1.03 in 3Q 2022) Third quarter 2023 results: EPS: JP¥10.32 (up from JP¥1.03 in 3Q 2022). Revenue: JP¥1.66b (up 15% from 3Q 2022). Net income: JP¥30.0m (up JP¥27.0m from 3Q 2022). Profit margin: 1.8% (up from 0.2% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • May 28
D. I. System Co., Ltd. to Report Q3, 2023 Results on Aug 14, 2023 D. I. System Co., Ltd. announced that they will report Q3, 2023 results on Aug 14, 2023 Reported Earnings • May 17
Second quarter 2023 earnings released: EPS: JP¥33.70 (vs JP¥36.28 in 2Q 2022) Second quarter 2023 results: EPS: JP¥33.70 (down from JP¥36.28 in 2Q 2022). Revenue: JP¥1.54b (up 15% from 2Q 2022). Net income: JP¥98.0m (down 7.5% from 2Q 2022). Profit margin: 6.4% (down from 7.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 16
First quarter 2023 earnings released: EPS: JP¥25.46 (vs JP¥6.93 in 1Q 2022) First quarter 2023 results: EPS: JP¥25.46 (up from JP¥6.93 in 1Q 2022). Revenue: JP¥1.46b (up 21% from 1Q 2022). Net income: JP¥74.0m (up 252% from 1Q 2022). Profit margin: 5.1% (up from 1.7% in 1Q 2022). The increase in margin was driven by higher revenue. 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. Reported Earnings • Dec 27
Full year 2022 earnings released: EPS: JP¥65.99 (vs JP¥48.82 in FY 2021) Full year 2022 results: EPS: JP¥65.99 (up from JP¥48.82 in FY 2021). Revenue: JP¥5.50b (up 18% from FY 2021). Net income: JP¥194.0m (up 30% from FY 2021). Profit margin: 3.5% (up from 3.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has remained flat. Announcement • Nov 30
D. I. System Co., Ltd. to Report Q1, 2023 Results on Feb 14, 2023 D. I. System Co., Ltd. announced that they will report Q1, 2023 results on Feb 14, 2023 Reported Earnings • Nov 17
Full year 2022 earnings released: EPS: JP¥65.99 (vs JP¥48.82 in FY 2021) Full year 2022 results: EPS: JP¥65.99 (up from JP¥48.82 in FY 2021). Revenue: JP¥5.50b (up 18% from FY 2021). Net income: JP¥194.0m (up 30% from FY 2021). Profit margin: 3.5% (up from 3.2% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 1% per year. Announcement • Nov 16
D. I. System Co., Ltd., Annual General Meeting, Dec 21, 2022 D. I. System Co., Ltd., Annual General Meeting, Dec 21, 2022. 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. 7 experienced directors. No highly experienced directors. 1 independent director (3 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. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 22 December 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.7%). Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥868, the stock trades at a trailing P/E ratio of 20.3x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 16% over the past three years. Announcement • Sep 01
D. I. System Co., Ltd. to Report Fiscal Year 2022 Results on Nov 14, 2022 D. I. System Co., Ltd. announced that they will report fiscal year 2022 results on Nov 14, 2022 Reported Earnings • Aug 15
Third quarter 2022 earnings released: EPS: JP¥1.03 (vs JP¥11.13 in 3Q 2021) Third quarter 2022 results: EPS: JP¥1.03 (down from JP¥11.13 in 3Q 2021). Revenue: JP¥1.45b (up 19% from 3Q 2021). Net income: JP¥3.00m (down 91% from 3Q 2021). Profit margin: 0.2% (down from 2.8% in 3Q 2021). The decrease in margin was driven by higher expenses. 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 4% per year, which means it is significantly lagging earnings. Announcement • Jun 16
D. I. System Co., Ltd. (TSE:4421) agreed to acquire Weeds Inc. from Yasuo Takami and Masami Takami for ¥180 million. D. I. System Co., Ltd. (TSE:4421) agreed to acquire Weeds Inc. from Yasuo Takami and Masami Takami for ¥180 million on June 14, 2022. D. I. System will pay ¥20 million as advisory expenses. For the year ended December 31,2021 Weeds Inc. reported Net Worth ¥50 million, Total Assets ¥197 million, Sales ¥205 million, Operating income ¥18 million and Net income ¥13 million. After the acquisition Weeds Inc will become consolidated subsidiary of D. I. System Co., Ltd. The transaction is expected to complete on July 1, 2022. Announcement • Jun 01
D. I. System Co., Ltd. to Report Q3, 2022 Results on Aug 12, 2022 D. I. System Co., Ltd. announced that they will report Q3, 2022 results on Aug 12, 2022 Reported Earnings • May 19
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: JP¥36.28 (up from JP¥28.21 in 2Q 2021). Revenue: JP¥1.34b (up 12% from 2Q 2021). Net income: JP¥106.0m (up 23% from 2Q 2021). Profit margin: 7.9% (up from 7.2% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 13%, compared to a 8.1% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. 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. 7 experienced directors. No highly experienced directors. 1 independent director (3 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. Buying Opportunity • Apr 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be JP¥911, 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 35%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 60% in the next 2 years. Announcement • Apr 08
D. I. System Co., Ltd. to Report Q2, 2022 Results on May 13, 2022 D. I. System Co., Ltd. announced that they will report Q2, 2022 results on May 13, 2022 Buying Opportunity • Mar 31
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be JP¥896, 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 35%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 60% in the next 2 years. Buying Opportunity • Feb 24
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be JP¥915, 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 35% over the last year. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥721, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 3.8% over the past three years. Reported Earnings • Dec 27
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: EPS: JP¥48.82 (up from JP¥25.26 in FY 2020). Revenue: JP¥4.66b (up 8.7% from FY 2020). Net income: JP¥149.0m (up 94% from FY 2020). Profit margin: 3.2% (up from 1.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 5.2%. Earnings per share (EPS) surpassed analyst estimates by 5.2%. Over the next year, revenue is forecast to grow 14%, compared to a 7.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Nov 16
Full year 2021 earnings released: EPS JP¥48.82 (vs JP¥25.26 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥4.66b (up 8.7% from FY 2020). Net income: JP¥149.0m (up 94% from FY 2020). Profit margin: 3.2% (up from 1.8% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥12.50 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 23 December 2021. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (1.2%). Reported Earnings • Aug 18
Third quarter 2021 earnings released: EPS JP¥11.13 (vs JP¥11.48 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥1.22b (up 8.2% from 3Q 2020). Net income: JP¥34.0m (down 2.9% from 3Q 2020). Profit margin: 2.8% (down from 3.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Reported Earnings • May 17
Second quarter 2021 earnings released: EPS JP¥28.21 (vs JP¥16.07 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥1.19b (up 6.0% from 2Q 2020). Net income: JP¥86.0m (up 76% from 2Q 2020). Profit margin: 7.2% (up from 4.4% in 2Q 2020). The increase in margin was driven by higher revenue. Announcement • Mar 03
D. I. System Co., Ltd. to Report Q2, 2021 Results on May 14, 2021 D. I. System Co., Ltd. announced that they will report Q2, 2021 results on May 14, 2021 Is New 90 Day High Low • Feb 24
New 90-day low: JP¥999 The company is down 12% from its price of JP¥1,136 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 6.0% over the same period. Reported Earnings • Feb 14
First quarter 2021 earnings released: EPS JP¥22.96 (vs JP¥3.94 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥1.06b (up 3.9% from 1Q 2020). Net income: JP¥35.0m (up 192% from 1Q 2020). Profit margin: 3.3% (up from 1.2% in 1Q 2020). The increase in margin was driven by higher revenue. Reported Earnings • Dec 27
Full year 2020 earnings released: EPS JP¥50.51 The company reported a soft full year result with weaker earnings and profit margins, although revenues were improved. Full year 2020 results: Revenue: JP¥4.28b (up 11% from FY 2019). Net income: JP¥77.0m (down 50% from FY 2019). Profit margin: 1.8% (down from 4.0% in FY 2019). The decrease in margin was driven by higher expenses. Analyst Estimate Surprise Post Earnings • Dec 27
Revenue and earnings miss expectations Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 29%. Over the next year, revenue is forecast to grow 16%, compared to a 8.1% growth forecast for the IT industry in Japan. Valuation Update With 7 Day Price Move • Nov 24
Market bids up stock over the past week After last week's 35% share price gain to JP¥2,332, the stock is trading at a trailing P/E ratio of 46.2x, up from the previous P/E ratio of 34.2x. This compares to an average P/E of 29x in the IT industry in Japan. Total returns to shareholders over the past year are 45%. Reported Earnings • Nov 19
Full year 2020 earnings released: EPS JP¥50.51 The company reported a soft full year result with weaker earnings and profit margins, although revenues were improved. Full year 2020 results: Revenue: JP¥4.28b (up 11% from FY 2019). Net income: JP¥77.0m (down 50% from FY 2019). Profit margin: 1.8% (down from 4.0% in FY 2019). The decrease in margin was driven by higher expenses. Analyst Estimate Surprise Post Earnings • Nov 19
Revenue and earnings miss expectations Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 29%. Over the next year, revenue is forecast to grow 16%, compared to a 8.3% growth forecast for the IT industry in Japan. Announcement • Nov 15
D. I. System Co., Ltd., Annual General Meeting, Dec 22, 2020 D. I. System Co., Ltd., Annual General Meeting, Dec 22, 2020. Valuation Update With 7 Day Price Move • Oct 22
Market pulls back on stock over the past week After last week's 22% share price decline to JP¥1,787, the stock is trading at a trailing P/E ratio of 14.7x, down from the previous P/E ratio of 18.8x. This compares to an average P/E of 30x in the IT industry in Japan. Total returns to shareholders over the past year are 9.9%. Is New 90 Day High Low • Sep 29
New 90-day high: JP¥2,159 The company is up 27% from its price of JP¥1,702 on 01 July 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 11% over the same period. Upcoming Dividend • Sep 22
Upcoming Dividend of JP¥25.00 Per Share Will be paid on the 23rd of December to those who are registered shareholders by the 29th of September. The trailing yield of 1.6% is below the top quartile of Japanese dividend payers (3.1%), but it is higher than industry peers (1.3%). Announcement • Sep 03
D. I. System Co., Ltd. to Report Fiscal Year 2020 Results on Nov 13, 2020 D. I. System Co., Ltd. announced that they will report fiscal year 2020 results on Nov 13, 2020