Announcement • Jun 26
Valtes Holdings Co.,Ltd. to Report Q1, 2027 Results on Aug 10, 2026 Valtes Holdings Co.,Ltd. announced that they will report Q1, 2027 results on Aug 10, 2026 Reported Earnings • May 18
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥28.90 (down from JP¥29.22 in FY 2025). Revenue: JP¥11.9b (up 11% from FY 2025). Net income: JP¥573.0m (down 2.7% from FY 2025). Profit margin: 4.8% (down from 5.5% in FY 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.9%. Revenue is forecast to grow 8.3% 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 increased by 2% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Announcement • May 14
Valtes Holdings Co.,Ltd., Annual General Meeting, Jun 24, 2026 Valtes Holdings Co.,Ltd., Annual General Meeting, Jun 24, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥4.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 12 June 2026. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.8%). Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥9.75 (vs JP¥6.83 in 3Q 2025) Third quarter 2026 results: EPS: JP¥9.75 (up from JP¥6.83 in 3Q 2025). Revenue: JP¥3.06b (up 9.7% from 3Q 2025). Net income: JP¥192.0m (up 39% from 3Q 2025). Profit margin: 6.3% (up from 4.9% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 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 6% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Announcement • Nov 29
Valtes Holdings Co.,Ltd. to Report Q3, 2026 Results on Feb 13, 2026 Valtes Holdings Co.,Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026 Reported Earnings • Nov 19
Second quarter 2026 earnings released: EPS: JP¥4.44 (vs JP¥10.91 in 2Q 2025) Second quarter 2026 results: EPS: JP¥4.44 (down from JP¥10.91 in 2Q 2025). Revenue: JP¥2.89b (up 9.4% from 2Q 2025). Net income: JP¥88.0m (down 60% from 2Q 2025). Profit margin: 3.0% (down from 8.3% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% 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 fallen by 7% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Declared Dividend • Nov 16
Dividend of JP¥4.00 announced Dividend of JP¥4.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 12th June 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 12%. Cash payout ratio: 20%. Announcement • Oct 02
Valtes Holdings Co.,Ltd. to Report Q2, 2026 Results on Nov 14, 2025 Valtes Holdings Co.,Ltd. announced that they will report Q2, 2026 results on Nov 14, 2025 Reported Earnings • Aug 10
First quarter 2026 earnings released: EPS: JP¥2.67 (vs JP¥0.35 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥2.67 (up from JP¥0.35 loss in 1Q 2025). Revenue: JP¥2.75b (up 13% from 1Q 2025). Net income: JP¥53.0m (up JP¥60.0m from 1Q 2025). Profit margin: 1.9% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Revenue is forecast to grow 8.0% 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 fallen by 5% per year but the company’s share price has fallen by 13% per year, which means it is performing significantly worse than earnings. Announcement • Jun 29
Valtes Holdings Co.,Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Valtes Holdings Co.,Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Major Estimate Revision • Jun 11
Consensus EPS estimates fall by 24%, revenue upgraded The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from JP¥11.2b to JP¥12.0b. EPS estimate fell from JP¥25.90 to JP¥19.70 per share. Net income forecast to shrink 34% next year vs 14% growth forecast for IT industry in Japan . Consensus price target down from JP¥580 to JP¥500. Share price rose 2.5% to JP¥418 over the past week. Reported Earnings • May 19
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥29.22 (up from JP¥25.34 in FY 2024). Revenue: JP¥10.8b (up 4.2% from FY 2024). Net income: JP¥589.0m (up 14% from FY 2024). Profit margin: 5.5% (up from 5.0% 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 4.0% p.a. on average during the next 2 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 fallen by 3% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Announcement • May 15
Valtes Holdings Co.,Ltd., Annual General Meeting, Jun 27, 2025 Valtes Holdings Co.,Ltd., Annual General Meeting, Jun 27, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥336, 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 28% over the past three years. Announcement • Mar 14
Valtes Holdings Co.,Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Valtes Holdings Co.,Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Major Estimate Revision • Feb 26
Consensus EPS estimates fall by 19% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥11.3b to JP¥10.7b. EPS estimate also fell from JP¥32.10 per share to JP¥25.90 per share. Net income forecast to shrink 8.1% next year vs 16% growth forecast for IT industry in Japan . Consensus price target down from JP¥850 to JP¥580. Share price fell 12% to JP¥495 over the past week. New Risk • Feb 17
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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.4% average weekly change). Minor Risk Market cap is less than US$100m (JP¥11.4b market cap, or US$75.0m). Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥6.79 (vs JP¥5.37 in 3Q 2024) Third quarter 2025 results: EPS: JP¥6.79 (up from JP¥5.37 in 3Q 2024). Revenue: JP¥2.79b (up 7.3% from 3Q 2024). Net income: JP¥137.0m (up 25% from 3Q 2024). Profit margin: 4.9% (up from 4.2% in 3Q 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 5.5% growth forecast for the IT industry in Japan. 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 6% per year. Announcement • Dec 14
Valtes Holdings Co.,Ltd. to Report Q3, 2025 Results on Feb 14, 2025 Valtes Holdings Co.,Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025 Declared Dividend • Nov 16
Dividend of JP¥4.00 announced Shareholders will receive a dividend of JP¥4.00. Ex-date: 28th March 2025 Payment date: 1st January 1970 Dividend yield will be 0.8%, which is lower than the industry average of 1.4%. Sustainability & Growth Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥493, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the IT industry in Japan. Total returns to shareholders of 16% over the past three years. Announcement • Nov 09
Valtes Holdings Co.,Ltd. (TSE:4442) completed the acquisition of Tabula Co., Ltd. Valtes Holdings Co.,Ltd. (TSE:4442) agreed to acquire Tabula Co., Ltd. for ¥800 million on October 24, 2024. A cash consideration of ¥800 million will be paid by Valtes Holdings Co.,Ltd. Valtes Holdings Co.,Ltd. will pay an earnout/contingent payment of ¥150 million cash. As part of consideration, ¥950 million is paid towards common equity of Tabula Co., Ltd.
For the period ending January 31, 2024, Tabula Co., Ltd. reported total revenue of ¥165.89 million, EBIT of ¥53.7 million and net income of ¥37.94 million. As of January 31, 2024, Tabula Co., Ltd. reported total assets of ¥138.42 million and total common equity of ¥73.28 million.
The expected completion of the transaction is November 8, 2024.
Valtes Holdings Co.,Ltd. (TSE:4442) completed the acquisition of Tabula Co., Ltd. on November 8, 2024. Announcement • Sep 13
Valtes Holdings Co.,Ltd. to Report Q2, 2025 Results on Nov 14, 2024 Valtes Holdings Co.,Ltd. announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 14
First quarter 2025 earnings released: JP¥0.35 loss per share (vs JP¥2.69 profit in 1Q 2024) First quarter 2025 results: JP¥0.35 loss per share (down from JP¥2.69 profit in 1Q 2024). Revenue: JP¥2.44b (down 1.1% from 1Q 2024). Net loss: JP¥7.00m (down 113% from profit in 1Q 2024). Revenue is forecast to grow 14% 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 19% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 29% After last week's 29% share price decline to JP¥404, 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 20% over the past three years. Reported Earnings • Jun 28
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥25.34 (down from JP¥31.92 in FY 2023). Revenue: JP¥10.4b (up 14% from FY 2023). Net income: JP¥518.0m (down 20% from FY 2023). Profit margin: 5.0% (down from 7.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.9%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. New Risk • Jun 27
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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.4% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (5.0% net profit margin). Market cap is less than US$100m (JP¥12.3b market cap, or US$76.5m). Announcement • Jun 15
Valtes Holdings Co.,Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Valtes Holdings Co.,Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥519, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the IT industry in Japan. Total loss to shareholders of 1.6% over the past three years. Major Estimate Revision • Jun 04
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from JP¥11.8b to JP¥11.5b. EPS estimate also fell from JP¥37.00 per share to JP¥31.30 per share. Net income forecast to grow 22% next year vs 14% growth forecast for IT industry in Japan. Consensus price target down from JP¥900 to JP¥850. Share price rose 4.6% to JP¥459 over the past week. Reported Earnings • May 18
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥25.34 (down from JP¥31.92 in FY 2023). Revenue: JP¥10.4b (up 14% from FY 2023). Net income: JP¥518.0m (down 20% from FY 2023). Profit margin: 5.0% (down from 7.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.9%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 16
Valtes Holdings Co.,Ltd., Annual General Meeting, Jun 24, 2024 Valtes Holdings Co.,Ltd., Annual General Meeting, Jun 24, 2024. Announcement • Mar 17
Valtes Holdings Co.,Ltd. to Report Fiscal Year 2023 Results on May 14, 2024 Valtes Holdings Co.,Ltd. announced that they will report fiscal year 2023 results on May 14, 2024 Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥605, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 19x in the IT industry in Japan. Total loss to shareholders of 7.1% over the past three years. Major Estimate Revision • Mar 02
Consensus EPS estimates fall by 37% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥11.1b to JP¥10.4b. EPS estimate also fell from JP¥38.60 per share to JP¥24.40 per share. Net income forecast to grow 76% next year vs 17% growth forecast for IT industry in Japan. Consensus price target down from JP¥1,300 to JP¥900. Share price was steady at JP¥494 over the past week. Reported Earnings • Feb 19
Third quarter 2024 earnings released: EPS: JP¥5.37 (vs JP¥12.69 in 3Q 2023) Third quarter 2024 results: EPS: JP¥5.37 (down from JP¥12.69 in 3Q 2023). Revenue: JP¥2.60b (up 9.5% from 3Q 2023). Net income: JP¥110.0m (down 57% from 3Q 2023). Profit margin: 4.2% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% 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 32% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • Feb 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥12.5b (US$83.3m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (5.4% net profit margin). Market cap is less than US$100m (JP¥12.5b market cap, or US$83.3m). Announcement • Feb 15
Valtes Holdings Co.,Ltd. (TSE:4442) announces an Equity Buyback for 400,000 shares, representing 1.95% for ¥300 million. Valtes Holdings Co.,Ltd. (TSE:4442) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 1.95% of its issued share capital, for ¥300 million. The purpose of the program is to improve capital efficiency and implement a flexible capital policy in the future. The program will be valid till June 30, 2024. As of December 31, 2023, the company has 20,471,694 issued shares (excluding treasury stock) and 978,306 treasury shares. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥610, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 4.1% over the past three years. Announcement • Dec 17
Valtes Holdings Co.,Ltd. to Report Q3, 2024 Results on Feb 14, 2024 Valtes Holdings Co.,Ltd. announced that they will report Q3, 2024 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥914, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 3.7% over the past three years. Reported Earnings • Nov 20
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: JP¥2.60b (up 17% from 2Q 2023). Net income: JP¥145.0m (down 19% from 2Q 2023). Profit margin: 5.6% (down from 8.1% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Nov 17
Valtes Co., Ltd. Provides Dividend Guidance for the Year Ending March 31, 2024 Valtes Co. Ltd. provided dividend guidance for the year ending March 31, 2024. For the year, the company expects to pay a dividend of JPY 4.00 as compared to JPY 0.00 paid a year ago. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥878, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 6.9% over the past three years. Announcement • Sep 16
Valtes Co., Ltd. to Report Q2, 2024 Results on Nov 14, 2023 Valtes Co., Ltd. announced that they will report Q2, 2024 results on Nov 14, 2023 Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: JP¥8.06 (vs JP¥19.19 in 1Q 2023) First quarter 2024 results: EPS: JP¥8.06 (down from JP¥19.19 in 1Q 2023). Revenue: JP¥2.47b (up 26% from 1Q 2023). Net income: JP¥55.0m (down 58% from 1Q 2023). Profit margin: 2.2% (down from 6.7% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Akai Yuki was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buying Opportunity • Jul 24
Now 20% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be JP¥4,642, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 19
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥3,965, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 115% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,634 per share. New Risk • Jul 07
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 7.7% 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. This is currently the only risk that has been identified for the company. Buying Opportunity • Jul 06
Now 20% undervalued Over the last 90 days, the stock is up 30%. The fair value is estimated to be JP¥4,626, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Announcement • Jun 17
Valtes Co., Ltd. to Report Q1, 2024 Results on Aug 09, 2023 Valtes Co., Ltd. announced that they will report Q1, 2024 results on Aug 09, 2023 Buying Opportunity • Jun 08
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥4,306, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Earnings per share has grown by 48%. For the next 3 years, revenue is forecast to grow by 19% per annum. Earnings is also forecast to grow by 24% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥3,395, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 90% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,204 per share. Reported Earnings • May 14
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥95.76 (up from JP¥60.05 in FY 2022). Revenue: JP¥9.06b (up 35% from FY 2022). Net income: JP¥651.0m (up 58% from FY 2022). Profit margin: 7.2% (up from 6.2% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.4%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥3,360, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 17x in the IT industry in Japan. Total returns to shareholders of 128% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,767 per share. Announcement • Feb 16
Valtes Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023 Valtes Co., Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects net sales to be JPY 8,847 million, Operating profit to be JPY 962 million, Profit attributable to owners of parent to be JPY 647 million and basic earnings per share to be JPY 95.41. Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: JP¥38.07 (vs JP¥21.09 in 3Q 2022) Third quarter 2023 results: EPS: JP¥38.07 (up from JP¥21.09 in 3Q 2022). Revenue: JP¥2.38b (up 34% from 3Q 2022). Net income: JP¥259.0m (up 79% from 3Q 2022). Profit margin: 11% (up from 8.1% in 3Q 2022). 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 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 10
Now 21% undervalued Over the last 90 days, the stock is up 21%. The fair value is estimated to be JP¥3,756, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 49% in 2 years. Earnings is forecast to grow by 35% in the next 2 years. Announcement • Dec 17
Valtes Co., Ltd. to Report Q3, 2023 Results on Feb 14, 2023 Valtes Co., Ltd. announced that they will report Q3, 2023 results on Feb 14, 2023 Price Target Changed • Nov 30
Price target increased to JP¥4,000 Up from JP¥2,900, the current price target is provided by 1 analyst. New target price is 20% above last closing price of JP¥3,320. Stock is up 164% over the past year. The company is forecast to post earnings per share of JP¥97.30 for next year compared to JP¥60.05 last year. Major Estimate Revision • Nov 30
Consensus EPS estimates increase by 14% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥8.70b to JP¥9.10b. EPS estimate increased from JP¥85.40 to JP¥97.30 per share. Net income forecast to grow 8.6% next year vs 12% growth forecast for IT industry in Japan. Consensus price target up from JP¥2,900 to JP¥4,000. Share price rose 8.7% to JP¥3,320 over the past week. Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 23% share price gain to JP¥3,070, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 106% over the past three years. Announcement • Nov 16
Valtes Co., Ltd Provides Earnings Guidance for the Full Year of Fiscal Year Ending March 31, 2023 Valtes Co., Ltd. provided earnings guidance for the full year of fiscal year ending March 31, 2023. For the full year, the company expected net sales to be JPY 8,847 million, Operating profit to be JPY 962 million, Profit attributable to owners of parent to be JPY 647 million and basic earnings per share to be JPY 95.41. 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. 5 non-independent directors. Independent Outside Director Yusaku Mori was the last independent director to join the board, commencing their role in 2009. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥2,524, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the IT industry in Japan. Total returns to shareholders of 57% over the past three years. Announcement • Sep 17
Valtes Co., Ltd. to Report Q2, 2023 Results on Nov 14, 2022 Valtes Co., Ltd. announced that they will report Q2, 2023 results on Nov 14, 2022 Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥2,461, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improved over the past week After last week's 39% share price gain to JP¥2,255, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 44% over the past three years. Announcement • Aug 16
Valtes Co., Ltd. Provides Consolidated Earnings Forecast for the First Half and Full Year of Fiscal Year Ending March 31, 2023 Valtes Co., Ltd. provided consolidated earnings forecast for the first half and full year of fiscal year ending March 31, 2023. For the first half, the company expected net sales to be JPY 4,049 million, Operating profit to be JPY 374 million, Profit attributable to owners of parent to be JPY 250 million and basic earnings per share to be JPY 36.95.For the full year, the company expected net sales to be JPY 8,506 million, Operating profit to be JPY 801 million, Profit attributable to owners of parent to be JPY 543 million and basic earnings per share to be JPY 79.98. Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥19.19 (vs JP¥1.73 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥19.19 (up from JP¥1.73 loss in 1Q 2022). Revenue: JP¥1.95b (up 35% from 1Q 2022). Net income: JP¥130.0m (up JP¥142.0m from 1Q 2022). Profit margin: 6.7% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 23%, compared to a 11% growth forecast for the industry in Japan. Announcement • Jun 16
Valtes Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022 Valtes Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Announcement • May 18
Valtes Co., Ltd., Annual General Meeting, Jun 27, 2022 Valtes Co., Ltd., Annual General Meeting, Jun 27, 2022. Reported Earnings • May 17
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥60.05 (up from JP¥35.56 in FY 2021). Revenue: JP¥6.71b (up 28% from FY 2021). Net income: JP¥413.0m (up 68% from FY 2021). Profit margin: 6.2% (up from 4.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 25%. Over the next year, revenue is forecast to grow 22%, compared to a 8.3% growth forecast for the industry in Japan.