Reported Earnings • May 19
Second quarter 2026 earnings released: EPS: JP¥6.53 (vs JP¥0.16 in 2Q 2025) Second quarter 2026 results: EPS: JP¥6.53 (up from JP¥0.16 in 2Q 2025). Revenue: JP¥583.0m (up 25% from 2Q 2025). Net income: JP¥38.0m (up JP¥37.0m from 2Q 2025). Profit margin: 6.5% (up from 0.2% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 14
First quarter 2026 earnings released: EPS: JP¥0.34 (vs JP¥4.83 in 1Q 2025) First quarter 2026 results: EPS: JP¥0.34 (down from JP¥4.83 in 1Q 2025). Revenue: JP¥524.0m (down 26% from 1Q 2025). Net income: JP¥2.00m (down 93% from 1Q 2025). Profit margin: 0.4% (down from 4.3% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Reported Earnings • Dec 30
Full year 2025 earnings released: EPS: JP¥14.03 (vs JP¥39.94 in FY 2024) Full year 2025 results: EPS: JP¥14.03 (down from JP¥39.94 in FY 2024). Revenue: JP¥2.63b (down 15% from FY 2024). Net income: JP¥85.0m (down 67% from FY 2024). Profit margin: 3.2% (down from 8.2% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 17
Full year 2025 earnings released: EPS: JP¥14.03 (vs JP¥39.94 in FY 2024) Full year 2025 results: EPS: JP¥14.03 (down from JP¥39.94 in FY 2024). Revenue: JP¥2.63b (down 15% from FY 2024). Net income: JP¥85.0m (down 67% from FY 2024). Profit margin: 3.2% (down from 8.2% in FY 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Nov 13
PBsystems,Inc., Annual General Meeting, Dec 23, 2025 PBsystems,Inc., Annual General Meeting, Dec 23, 2025. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 22 December 2025. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%). New Risk • Aug 30
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 4.9% 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 (4.9% average weekly change). Profit margins are more than 30% lower than last year (5.8% net profit margin). Market cap is less than US$100m (JP¥4.03b market cap, or US$27.4m). Announcement • Aug 29
PBsystems,Inc. to Report Fiscal Year 2025 Results on Nov 13, 2025 PBsystems,Inc. announced that they will report fiscal year 2025 results on Nov 13, 2025 Reported Earnings • Aug 14
Third quarter 2025 earnings released: JP¥4.79 loss per share (vs JP¥2.66 loss in 3Q 2024) Third quarter 2025 results: JP¥4.79 loss per share (further deteriorated from JP¥2.66 loss in 3Q 2024). Revenue: JP¥568.0m (up 63% from 3Q 2024). Net loss: JP¥29.0m (loss widened 71% from 3Q 2024). 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. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥586, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 12% over the past three years. Reported Earnings • May 21
Second quarter 2025 earnings released: EPS: JP¥0.16 (vs JP¥5.48 in 2Q 2024) Second quarter 2025 results: EPS: JP¥0.16 (down from JP¥5.48 in 2Q 2024). Revenue: JP¥466.0m (down 15% from 2Q 2024). Net income: JP¥1.00m (down 97% from 2Q 2024). Profit margin: 0.2% (down from 6.4% in 2Q 2024). The decrease in margin was driven by lower revenue. 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 10% per year, which means it is significantly lagging earnings. Announcement • May 17
PBsystems,Inc. (TSE:4447) announces an Equity Buyback for 200,000 shares, representing 3.29% for ¥150 million. PBsystems,Inc. (TSE:4447) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 3.29% of the outstanding shares for ¥150 million. The purpose of the program is return profits to shareholders through improved capital efficiency and to implement a flexible capital policy in response to the business environment. The program will expire on August 31, 2025. As of April 30, 2025, the company had 6,083,405 issued shares (excluding treasury stock) and 500,095 shares in treasury. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥399, the stock trades at a trailing P/E ratio of 10.7x. Average trailing P/E is 15x in the IT industry in Japan. Total loss to shareholders of 41% over the past three years. Reported Earnings • Feb 15
First quarter 2025 earnings released: EPS: JP¥4.83 (vs JP¥7.19 in 1Q 2024) First quarter 2025 results: EPS: JP¥4.83 (down from JP¥7.19 in 1Q 2024). Revenue: JP¥704.0m (up 17% from 1Q 2024). Net income: JP¥30.0m (down 35% from 1Q 2024). Profit margin: 4.3% (down from 7.6% 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 17% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 28
Full year 2024 earnings released: EPS: JP¥39.94 (vs JP¥31.77 in FY 2023) Full year 2024 results: EPS: JP¥39.94 (up from JP¥31.77 in FY 2023). Revenue: JP¥3.11b (up 7.1% from FY 2023). Net income: JP¥255.0m (up 24% from FY 2023). Profit margin: 8.2% (up from 7.1% in FY 2023). The increase in margin was driven by higher revenue. 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 10% per year, which means it is significantly lagging earnings. Announcement • Nov 14
PBsystems,Inc., Annual General Meeting, Dec 19, 2024 PBsystems,Inc., Annual General Meeting, Dec 19, 2024. Announcement • Sep 14
PBsystems,Inc. to Report Fiscal Year 2024 Results on Nov 14, 2024 PBsystems,Inc. announced that they will report fiscal year 2024 results on Nov 14, 2024 Announcement • Sep 12
PBsystems,Inc. (TSE:4447) announces an Equity Buyback for 300,000 shares, representing 4.7% for ¥180 million. PBsystems,Inc. (TSE:4447) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 4.7% of the outstanding shares for ¥180 million. The purpose of the program is improve capital efficiency and implement a flexible capital policy in response to changes in the business environment. The program will expire on December 24, 2024. As of August 31, 2024, the company had 6,383,405 issued shares (excluding treasury stock) and 200,095 shares in treasury. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥478, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 38% over the past three years. Announcement • Jun 17
PBsystems,Inc. to Report Q3, 2024 Results on Aug 09, 2024 PBsystems,Inc. announced that they will report Q3, 2024 results on Aug 09, 2024 Reported Earnings • May 19
Second quarter 2024 earnings released: EPS: JP¥5.48 (vs JP¥3.42 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥5.48 (up from JP¥3.42 loss in 2Q 2023). Revenue: JP¥549.0m (up 42% from 2Q 2023). Net income: JP¥35.0m (up JP¥57.0m from 2Q 2023). Profit margin: 6.4% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. 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 10% per year, which means it is significantly lagging earnings. Announcement • Mar 17
PBsystems,Inc. to Report Q2, 2024 Results on May 14, 2024 PBsystems,Inc. announced that they will report Q2, 2024 results on May 14, 2024 Reported Earnings • Feb 17
First quarter 2024 earnings released: EPS: JP¥7.19 (vs JP¥3.13 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥7.19 (up from JP¥3.13 loss in 1Q 2023). Revenue: JP¥603.0m (up 16% from 1Q 2023). Net income: JP¥46.0m (up JP¥66.0m from 1Q 2023). Profit margin: 7.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. New Risk • Jan 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.5% 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 (6.5% average weekly change). Market cap is less than US$100m (JP¥4.28b market cap, or US$29.0m). Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥671, the stock trades at a trailing P/E ratio of 20.9x. Average trailing P/E is 19x in the IT industry in Japan. Total loss to shareholders of 33% over the past three years. Announcement • Dec 17
PBsystems,Inc. to Report Q1, 2024 Results on Feb 14, 2024 PBsystems,Inc. announced that they will report Q1, 2024 results on Feb 14, 2024 Reported Earnings • Nov 17
Full year 2023 earnings released: EPS: JP¥31.77 (vs JP¥29.99 in FY 2022) Full year 2023 results: EPS: JP¥31.77 (up from JP¥29.99 in FY 2022). Revenue: JP¥2.90b (up 16% from FY 2022). Net income: JP¥205.0m (up 12% from FY 2022). Profit margin: 7.1% (down from 7.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Sep 17
PBsystems,Inc. to Report Fiscal Year 2023 Results on Nov 13, 2023 PBsystems,Inc. announced that they will report fiscal year 2023 results on Nov 13, 2023 Announcement • Sep 15
PBsystems,Inc. (TSE:4447) announces an Equity Buyback for 150,000 shares, representing 2.3% for ¥100 million. PBsystems,Inc. (TSE:4447) announces a share repurchase program. Under the program, the company will repurchase 150,000 shares, representing 2.3% of the outstanding shares for ¥100 million. The purpose of the program is improve capital efficiency and implement a flexible capital policy in response to changes in the business environment. The program will expire on October 31, 2023. As of August 31, 2023, the company had 6,533,405 issued shares and had 50,095 shares in treasury. Reported Earnings • Aug 14
Third quarter 2023 earnings released: EPS: JP¥16.13 (vs JP¥2.79 in 3Q 2022) Third quarter 2023 results: EPS: JP¥16.13 (up from JP¥2.79 in 3Q 2022). Revenue: JP¥1.15b (up 107% from 3Q 2022). Net income: JP¥104.0m (up JP¥87.0m from 3Q 2022). Profit margin: 9.0% (up from 3.1% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Announcement • Jun 17
PBsystems,Inc. to Report Q3, 2023 Results on Aug 10, 2023 PBsystems,Inc. announced that they will report Q3, 2023 results on Aug 10, 2023 Reported Earnings • May 19
Second quarter 2023 earnings released: JP¥3.42 loss per share (vs JP¥13.60 profit in 2Q 2022) Second quarter 2023 results: JP¥3.42 loss per share (down from JP¥13.60 profit in 2Q 2022). Revenue: JP¥388.0m (down 44% from 2Q 2022). Net loss: JP¥22.0m (down 126% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Board Change • Apr 25
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. 1 independent director (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 • Dec 17
PBsystems,Inc. to Report Q1, 2023 Results on Feb 13, 2023 PBsystems,Inc. announced that they will report Q1, 2023 results on Feb 13, 2023 Announcement • Nov 12
PBsystems,Inc., Annual General Meeting, Dec 23, 2022 PBsystems,Inc., Annual General Meeting, Dec 23, 2022. Announcement • Oct 29
PBsystems,Inc. to Report Fiscal Year 2022 Results on Nov 10, 2022 PBsystems,Inc. announced that they will report fiscal year 2022 results on Nov 10, 2022 Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥875, the stock trades at a trailing P/E ratio of 29.7x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 130% over the past three years. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improved over the past week After last week's 35% share price gain to JP¥895, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 106% over the past three years. Reported Earnings • Aug 12
Third quarter 2022 earnings released: EPS: JP¥2.79 (vs JP¥2.06 in 3Q 2021) Third quarter 2022 results: EPS: JP¥2.79 (up from JP¥2.06 in 3Q 2021). Revenue: JP¥557.0m (up 42% from 3Q 2021). Net income: JP¥17.0m (up 42% from 3Q 2021). Profit margin: 3.1% (in line with 3Q 2021). Reported Earnings • May 17
Second quarter 2022 earnings released: EPS: JP¥13.60 (vs JP¥11.73 in 2Q 2021) Second quarter 2022 results: EPS: JP¥13.60 (up from JP¥11.73 in 2Q 2021). Revenue: JP¥694.0m (up 25% from 2Q 2021). Net income: JP¥83.0m (up 20% from 2Q 2021). Profit margin: 12% (in line with 2Q 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. 8 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. Buying Opportunity • Feb 24
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be JP¥835, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. The company has become profitable over the last 3 years. Reported Earnings • Feb 16
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: JP¥2.13 (up from JP¥1.70 in 1Q 2021). Revenue: JP¥434.0m (up 8.2% from 1Q 2021). Net income: JP¥13.0m (up 30% from 1Q 2021). Profit margin: 3.0% (up from 2.5% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment improved over the past week After last week's 58% share price gain to JP¥860, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 21x in the IT industry in Japan. Total loss to shareholders of 19% over the past year. Reported Earnings • Nov 15
Full year 2021 earnings released: EPS JP¥27.90 (vs JP¥25.72 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥2.17b (down 5.1% from FY 2020). Net income: JP¥164.0m (up 15% from FY 2020). Profit margin: 7.6% (up from 6.3% in FY 2020). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Nov 03
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥602, the stock trades at a trailing P/E ratio of 27x. Average trailing P/E is 22x in the IT industry in Japan. Total loss to shareholders of 62% over the past year. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment deteriorated over the past week After last week's 18% share price decline to JP¥633, the stock trades at a trailing P/E ratio of 39.4x. Average trailing P/E is 22x in the IT industry in Japan. Total loss to shareholders of 61% over the past year. Reported Earnings • May 19
Second quarter 2021 earnings released: EPS JP¥11.73 (vs JP¥1.07 loss in 2Q 2020) The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥556.0m (down 3.0% from 2Q 2020). Net income: JP¥69.0m (up JP¥72.0m from 2Q 2020). Profit margin: 12% (up from net loss in 2Q 2020). The move to profitability was driven by lower expenses. Is New 90 Day High Low • Feb 25
New 90-day low: JP¥975 The company is down 5.0% from its price of JP¥1,030 on 27 November 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is flat over the same period. Reported Earnings • Feb 14
First quarter 2021 earnings released: EPS JP¥1.70 (vs JP¥10.07 in 1Q 2020) The company reported a soft first quarter result with weaker earnings and revenues, although profit margins were improved. First quarter 2021 results: Revenue: JP¥401.0m (down 28% from 1Q 2020). Net income: JP¥10.0m (down 17% from 1Q 2020). Profit margin: 2.5% (up from 2.2% in 1Q 2020). The increase in margin was driven by lower expenses. Reported Earnings • Dec 27
Full year 2020 earnings released: EPS JP¥25.72 The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: JP¥2.28b (up 28% from FY 2019). Net income: JP¥143.0m (up 6.7% from FY 2019). Profit margin: 6.3% (down from 7.5% in FY 2019). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Dec 05
Market bids up stock over the past week After last week's 16% share price gain to JP¥1,190, the stock is trading at a trailing P/E ratio of 46.3x, up from the previous P/E ratio of 40x. This compares to an average P/E of 30x in the IT industry in Japan. Total returns to shareholders over the past year are 156%. Reported Earnings • Nov 16
Full year 2020 earnings released: EPS JP¥25.72 The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: JP¥2.28b (up 28% from FY 2019). Net income: JP¥143.0m (up 6.7% from FY 2019). Profit margin: 6.3% (down from 7.5% in FY 2019). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Nov 14
Market pulls back on stock over the past week After last week's 21% share price decline to JP¥1,336, the stock is trading at a trailing P/E ratio of 27.1x, down from the previous P/E ratio of 34.4x. This compares to an average P/E of 29x in the IT industry in Japan. Total returns to shareholders over the past year are 252%. Valuation Update With 7 Day Price Move • Nov 09
Market bids up stock over the past week After last week's 16% share price gain to JP¥1,768, the stock is trading at a trailing P/E ratio of 35.8x, up from the previous P/E ratio of 30.8x. This compares to an average P/E of 29x in the IT industry in Japan. Total returns to shareholders over the past year are 342%. Is New 90 Day High Low • Oct 30
New 90-day low: JP¥1,557 The company is down 1.0% from its price of JP¥1,570 on 31 July 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 3.0% over the same period.