Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,769, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 15x in the Software industry in Japan. Total loss to shareholders of 1.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,054 per share. Live News • Jun 01
Sansan Unveils ¥2 Billion Buyback and Raises Revenue Forecast After Strong Q3 Sansan approved a share repurchase program of up to ¥2 billion, targeting a maximum of 200,000 shares by June 2026.
The company raised its fiscal year revenue forecast following strong Q3 business performance.
Management highlighted that the updated guidance reflects revenue growth that is outpacing industry averages.
The combination of a buyback and higher revenue guidance indicates management confidence in the business and the current capital structure.
Investors should still pay close attention to how Sansan funds the repurchases and whether the higher forecast is supported by consistent performance in future quarters. Announcement • May 27
Sansan, Inc. to Report Fiscal Year 2026 Results on Jul 13, 2026 Sansan, Inc. announced that they will report fiscal year 2026 results at 9:00 AM, Tokyo Standard Time on Jul 13, 2026 Announcement • May 20
Sansan, Inc. (TSE:4443) announces an Equity Buyback for 2,000,000 shares, representing 1.58% for ¥2,000 million. Sansan, Inc. (TSE:4443) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.16% of its total shares outstanding excluding treasury shares, for a total of ¥2,000 million. The purpose of repurchase program is to enhance shareholder returns and it is a part of a flexible capital policy aimed at improving capital efficiency. The repurchase program is valid till June 30, 2026. As of February 28, 2026, the company had 126,638,234 shares outstanding excluding treasury shares and had 142,622 shares in treasury. Announcement • May 14
Sansan, Inc. (TSE:4443) acquired an unknown stake in EDOA Corp. Sansan, Inc. (TSE:4443) acquired an unknown stake in EDOA Corp. on May 12, 2026.
EDOA Corp. will change its company name to Eight Career Co., Ltd. effective May 12, 2026.
Sansan, Inc. (TSE:4443) completed the acquisition of an unknown stake in EDOA Corp. on May 12, 2026. Price Target Changed • Apr 14
Price target decreased by 8.7% to JP¥2,031 Down from JP¥2,225, the current price target is an average from 8 analysts. New target price is 66% above last closing price of JP¥1,220. Stock is down 38% over the past year. The company is forecast to post earnings per share of JP¥45.37 for next year compared to JP¥3.36 last year. Reported Earnings • Apr 11
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: JP¥16.99 (up from JP¥10.92 in 3Q 2025). Revenue: JP¥13.9b (up 25% from 3Q 2025). Net income: JP¥2.15b (up 56% from 3Q 2025). Profit margin: 16% (up from 12% in 3Q 2025). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 4.5%. Revenue is forecast to grow 16% 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, earnings per share has increased by 70% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,227, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the Software industry in Japan. Total loss to shareholders of 29% over the past three years. Major Estimate Revision • Jan 21
Consensus EPS estimates increase by 15% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥41.06 to JP¥47.21. Revenue forecast steady at JP¥53.6b. Net income forecast to grow 254% next year vs 22% growth forecast for Software industry in Japan. Consensus price target broadly unchanged at JP¥2,425. Share price was steady at JP¥1,712 over the past week. New Risk • Jan 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 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Reported Earnings • Jan 15
Second quarter 2026 earnings: EPS misses analyst expectations Second quarter 2026 results: EPS: JP¥13.14 (up from JP¥5.49 in 2Q 2025). Revenue: JP¥13.1b (up 25% from 2Q 2025). Net income: JP¥1.66b (up 140% from 2Q 2025). Profit margin: 13% (up from 6.6% in 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 16% 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, earnings per share has increased by 58% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 11
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: EPS: JP¥2.36 (up from JP¥2.96 loss in 1Q 2025). Revenue: JP¥12.3b (up 28% from 1Q 2025). Net income: JP¥298.0m (up JP¥670.0m from 1Q 2025). Profit margin: 2.4% (up from net loss in 1Q 2025). Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 9.6%. Revenue is forecast to grow 16% 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 12% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 15
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥3.36 (down from JP¥7.59 in FY 2024). Revenue: JP¥43.2b (up 28% from FY 2024). Net income: JP¥424.0m (down 56% from FY 2024). Profit margin: 1.0% (down from 2.8% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 85%. Revenue is forecast to grow 15% 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 39% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jul 14
Sansan, Inc., Annual General Meeting, Aug 26, 2025 Sansan, Inc., Annual General Meeting, Aug 26, 2025. Announcement • May 22
Link and Motivation Inc. (TSE:2170) signed share transfer agreement to acquire an unknown stake in Unipos Inc. (TSE:6550) from Sansan, Inc. (TSE:4443). Link and Motivation Inc. (TSE:2170) signed share transfer agreement to acquire an unknown stake in Unipos Inc. (TSE:6550) from Sansan, Inc. (TSE:4443) on May 22, 2025. Link and Motivation will receive from Sansan, through the Share Exchange, all 3,800 shares of the Unipos Preferred Stock issued by Unipos and 366,200 shares of the Unipos Common Stock. Link and Motivation have also signed share exchange agreement to acquire all the shares in Unipos.
The transaction is subject to approval of offer by acquirer shareholders. The deal has been approved by the board of Link and Motivation. The expected completion of the transaction is July 1, 2025. Major Estimate Revision • May 21
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥24.13 to JP¥21.17 per share. Revenue forecast steady at JP¥43.1b. Net income forecast to grow 120% next year vs 27% growth forecast for Software industry in Japan. Consensus price target down from JP¥2,633 to JP¥2,500. Share price fell 10% to JP¥1,826 over the past week. Major Estimate Revision • Apr 18
Consensus EPS estimates increase by 33% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥18.10 to JP¥24.13. Revenue forecast steady at JP¥43.0b. Net income forecast to grow 120% next year vs 23% growth forecast for Software industry in Japan. Consensus price target broadly unchanged at JP¥2,633. Share price was steady at JP¥1,932 over the past week. Reported Earnings • Apr 12
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥10.92 (up from JP¥3.15 in 3Q 2024). Revenue: JP¥11.1b (up 30% from 3Q 2024). Net income: JP¥1.38b (up 248% from 3Q 2024). Profit margin: 12% (up from 4.7% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 92%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Apr 11
Sansan, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending May 31, 2025 Sansan, Inc. provided consolidated earnings guidance for the fiscal year ending May 31, 2025. For the year, the company expects net sales to be in the range of JPY 43,026 million to JPY 44,042 million. Announcement • Mar 07
Sansan, Inc. to Report Q3, 2025 Results on Apr 11, 2025 Sansan, Inc. announced that they will report Q3, 2025 results on Apr 11, 2025 Buy Or Sell Opportunity • Feb 18
Now 21% undervalued Over the last 90 days, the stock has risen 25% to JP¥2,460. The fair value is estimated to be JP¥3,105, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 39% per annum over the same time period. Major Estimate Revision • Jan 21
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from JP¥16.64 to JP¥18.52. Revenue forecast steady at JP¥43.1b. Net income forecast to grow 217% next year vs 25% growth forecast for Software industry in Japan. Consensus price target broadly unchanged at JP¥2,650. Share price fell 4.7% to JP¥2,334 over the past week. Reported Earnings • Jan 15
Second quarter 2025 earnings: Revenues and EPS in line with analyst expectations Second quarter 2025 results: EPS: JP¥5.49 (up from JP¥0.94 in 2Q 2024). Revenue: JP¥10.5b (up 27% from 2Q 2024). Net income: JP¥692.0m (up 486% from 2Q 2024). Profit margin: 6.6% (up from 1.4% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 13% per year. Announcement • Oct 29
Sansan, Inc. to Report Q2, 2025 Results on Jan 14, 2025 Sansan, Inc. announced that they will report Q2, 2025 results on Jan 14, 2025 Reported Earnings • Oct 12
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: JP¥2.96 loss per share (down from JP¥0.20 profit in 1Q 2024). Revenue: JP¥9.58b (up 28% from 1Q 2024). Net loss: JP¥372.0m (down JP¥397.0m from profit in 1Q 2024). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 16% 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, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Aug 31
Sansan, Inc. to Report Q1, 2025 Results on Oct 11, 2024 Sansan, Inc. announced that they will report Q1, 2025 results on Oct 11, 2024 Price Target Changed • Aug 28
Price target increased by 9.3% to JP¥2,590 Up from JP¥2,370, the current price target is an average from 5 analysts. New target price is 11% above last closing price of JP¥2,337. Stock is up 63% over the past year. The company is forecast to post earnings per share of JP¥18.51 for next year compared to JP¥7.59 last year. Price Target Changed • Aug 23
Price target increased by 9.4% to JP¥2,450 Up from JP¥2,240, the current price target is an average from 5 analysts. New target price is 8.4% above last closing price of JP¥2,261. Stock is up 63% over the past year. The company is forecast to post earnings per share of JP¥18.04 for next year compared to JP¥7.59 last year. Major Estimate Revision • Aug 21
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥19.55 to JP¥17.55 per share. Revenue forecast steady at JP¥43.3b. Net income forecast to grow 132% next year vs 15% growth forecast for Software industry in Japan. Consensus price target of JP¥2,370 unchanged from last update. Share price was steady at JP¥2,069 over the past week. Buy Or Sell Opportunity • Aug 05
Now 22% undervalued Over the last 90 days, the stock has risen 19% to JP¥1,858. The fair value is estimated to be JP¥2,387, 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. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 14% per annum. Earnings are also forecast to grow by 31% per annum over the same time period. Price Target Changed • Jul 13
Price target increased by 7.7% to JP¥2,240 Up from JP¥2,080, the current price target is an average from 5 analysts. New target price is 5.2% above last closing price of JP¥2,130. Stock is up 33% over the past year. The company is forecast to post earnings per share of JP¥16.35 for next year compared to JP¥7.59 last year. Announcement • Jul 12
Sansan, Inc., Annual General Meeting, Aug 27, 2024 Sansan, Inc., Annual General Meeting, Aug 27, 2024. Buy Or Sell Opportunity • Jul 12
Now 36% overvalued after recent price rise Over the last 90 days, the stock has risen 39% to JP¥2,130. The fair value is estimated to be JP¥1,567, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company became loss making. Announcement • Jul 11
Sansan, Inc. (TSE:4443) announces an Equity Buyback for 200,000 shares, representing 0.16% for ¥300 million. Sansan, Inc. (TSE:4443) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 0.16% of its total shares outstanding excluding treasury shares, for a total of ¥300 million. The purpose of repurchase program is to provide shareholder returns. The repurchase program is valid till August 31, 2024. As of May 31, 2024, the company had 125,834,545 shares outstanding excluding treasury shares and had 871 shares in treasury. Announcement • May 24
Sansan, Inc. to Report Fiscal Year 2024 Results on Jul 11, 2024 Sansan, Inc. announced that they will report fiscal year 2024 results on Jul 11, 2024 Buy Or Sell Opportunity • May 07
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to JP¥1,563. The fair value is estimated to be JP¥1,278, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Apr 12
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: JP¥3.15 (down from JP¥4.69 in 3Q 2023). Revenue: JP¥8.51b (up 34% from 3Q 2023). Net income: JP¥396.0m (down 33% from 3Q 2023). Profit margin: 4.7% (down from 9.2% in 3Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.8%. Revenue is forecast to grow 17% 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 fallen by 57% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Mar 19
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to JP¥1,800. The fair value is estimated to be JP¥1,473, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Feb 28
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to JP¥1,773. The fair value is estimated to be JP¥1,437, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company became loss making. Announcement • Feb 24
Sansan, Inc. to Report Q3, 2024 Results on Apr 11, 2024 Sansan, Inc. announced that they will report Q3, 2024 results on Apr 11, 2024 Reported Earnings • Jan 15
Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2024 results: EPS: JP¥0.94 (down from JP¥3.81 in 2Q 2023). Revenue: JP¥8.22b (up 35% from 2Q 2023). Net income: JP¥118.0m (down 75% from 2Q 2023). Profit margin: 1.4% (down from 7.8% in 2Q 2023). Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) missed analyst estimates by 44%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Nov 24
Sansan, Inc. to Report Q2, 2024 Results on Jan 12, 2024 Sansan, Inc. announced that they will report Q2, 2024 results on Jan 12, 2024 Major Estimate Revision • Oct 21
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥7.69 to JP¥6.60 per share. Revenue forecast steady at JP¥32.7b. Net income forecast to grow 473% next year vs 16% growth forecast for Software industry in Japan. Consensus price target up from JP¥1,945 to JP¥2,040. Share price fell 12% to JP¥1,102 over the past week. Buying Opportunity • Oct 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be JP¥1,385, 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. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings is also forecast to grow by 45% per annum over the same time period. Reported Earnings • Oct 13
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: JP¥0.20 (up from JP¥2.60 loss in 1Q 2023). Revenue: JP¥7.50b (up 31% from 1Q 2023). Net income: JP¥25.0m (up JP¥350.0m from 1Q 2023). Profit margin: 0.3% (up from net loss in 1Q 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates. Revenue is forecast to grow 16% 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 fallen by 24% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Sep 16
Sansan, Inc. to Report Q1, 2024 Results on Oct 12, 2023 Sansan, Inc. announced that they will report Q1, 2024 results on Oct 12, 2023 Reported Earnings • Sep 05
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: JP¥1.13 loss per share (down from JP¥6.87 profit in FY 2022). Revenue: JP¥25.5b (up 25% from FY 2022). Net loss: JP¥141.0m (down 117% from profit in FY 2022). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates. 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 fallen by 13% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Reported Earnings • Jul 15
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: JP¥1.13 loss per share (down from JP¥6.87 profit in FY 2022). Revenue: JP¥25.5b (up 25% from FY 2022). Net loss: JP¥141.0m (down 117% from profit in FY 2022). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 19% 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 fallen by 13% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Announcement • May 25
Sansan, Inc. to Report Fiscal Year 2023 Results on Jul 13, 2023 Sansan, Inc. announced that they will report fiscal year 2023 results on Jul 13, 2023 Reported Earnings • Apr 15
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: JP¥4.69 (up from JP¥0.016 in 3Q 2022). Revenue: JP¥6.35b (up 24% from 3Q 2022). Net income: JP¥587.0m (up JP¥585.0m from 3Q 2022). Profit margin: 9.2% (up from 0% in 3Q 2022). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 199%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Feb 19
Sansan, Inc. to Report Q3, 2023 Results on Apr 13, 2023 Sansan, Inc. announced that they will report Q3, 2023 results on Apr 13, 2023 Major Estimate Revision • Feb 07
Consensus EPS estimates increase by 21% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from JP¥4.57 to JP¥5.51. Revenue forecast steady at JP¥25.1b. Net income forecast to grow 101% next year vs 15% growth forecast for Software industry in Japan. Consensus price target up from JP¥1,875 to JP¥1,975. Share price rose 11% to JP¥1,771 over the past week. Price Target Changed • Feb 03
Price target increased by 7.5% to JP¥1,975 Up from JP¥1,838, the current price target is an average from 4 analysts. New target price is 11% above last closing price of JP¥1,782. Stock is up 39% over the past year. The company is forecast to post earnings per share of JP¥4.57 for next year compared to JP¥6.86 last year. Reported Earnings • Jan 14
Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2023 results: EPS: JP¥3.81 (up from JP¥0.63 loss in 2Q 2022). Revenue: JP¥6.11b (up 23% from 2Q 2022). Net income: JP¥476.0m (up JP¥555.0m from 2Q 2022). Profit margin: 7.8% (up from net loss in 2Q 2022). Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 126%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jan 14
Sansan, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending May 31, 2023 Sansan, Inc. provides consolidated earnings guidance for the fiscal year ending May 31, 2023. For the fiscal year ending May 31, 2023 net sales JPY 25,117 million to JPY 25,764 million. Price Target Changed • Nov 29
Price target increased to JP¥1,838 Up from JP¥1,650, the current price target is an average from 4 analysts. New target price is 9.2% above last closing price of JP¥1,683. Stock is down 46% over the past year. The company is forecast to post earnings per share of JP¥4.32 for next year compared to JP¥6.86 last year. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Maki Suzuki 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 • Oct 30
Sansan, Inc. to Report Q2, 2023 Results on Jan 12, 2023 Sansan, Inc. announced that they will report Q2, 2023 results on Jan 12, 2023 Reported Earnings • Oct 15
First quarter 2023 earnings: EPS misses analyst expectations First quarter 2023 results: JP¥2.60 loss per share (down from JP¥5.23 profit in 1Q 2022). Revenue: JP¥5.71b (up 24% from 1Q 2022). Net loss: JP¥325.0m (down 150% from profit in 1Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 138%. 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. Major Estimate Revision • Oct 14
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate increased from JP¥2.78 to JP¥3.59. Revenue forecast steady at JP¥25.3b. Net income forecast to shrink 47% next year vs 20% growth forecast for Software industry in Japan . Consensus price target of JP¥1,700 unchanged from last update. Share price fell 4.1% to JP¥1,296 over the past week. Announcement • Oct 13
Sansan, Inc. Provides Earnings Guidance for the Fiscal Year Ending May 31, 2023 Sansan, Inc. provided earnings guidance for the fiscal year ending May 31, 2023. For the year, the company expected net sales of JPY 25,117 million to JPY 25,764 million. Buying Opportunity • Oct 11
Now 22% undervalued Over the last 90 days, the stock is up 27%. The fair value is estimated to be JP¥1,665, 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. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings is also forecast to grow by 38% per annum over the same time period. Announcement • Sep 19
Sansan, Inc.(TSE:4443) dropped from FTSE All-World Index (USD) Sansan, Inc.(TSE:4443) dropped from FTSE All-World Index (USD) Price Target Changed • Sep 16
Price target increased to JP¥1,663 Up from JP¥1,513, the current price target is an average from 7 analysts. New target price is 19% above last closing price of JP¥1,392. Stock is down 57% over the past year. The company is forecast to post earnings per share of JP¥2.98 for next year compared to JP¥6.86 last year.