New Risk • 21h
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¥8.71b market cap, or US$54.0m). Upcoming Dividend • Jun 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 28 September 2026. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.9%). In line with average of industry peers (2.0%). Announcement • Jun 17
i Cubed Systems, Inc. to Report Fiscal Year 2026 Results on Aug 12, 2026 i Cubed Systems, Inc. announced that they will report fiscal year 2026 results on Aug 12, 2026 Reported Earnings • May 16
Third quarter 2026 earnings released: EPS: JP¥46.01 (vs JP¥31.59 in 3Q 2025) Third quarter 2026 results: EPS: JP¥46.01 (up from JP¥31.59 in 3Q 2025). Revenue: JP¥1.14b (up 13% from 3Q 2025). Net income: JP¥225.0m (up 40% from 3Q 2025). Profit margin: 20% (up from 16% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Mar 27
i Cubed Systems, Inc. to Report Q3, 2026 Results on May 13, 2026 i Cubed Systems, Inc. announced that they will report Q3, 2026 results on May 13, 2026 Declared Dividend • Mar 25
First half dividend of JP¥18.00 announced Shareholders will receive a dividend of JP¥18.00. Ex-date: 29th June 2026 Payment date: 28th September 2026 Dividend yield will be 1.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (37% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 29% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 13% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 14
Second quarter 2026 earnings released: EPS: JP¥44.69 (vs JP¥25.77 in 2Q 2025) Second quarter 2026 results: EPS: JP¥44.69 (up from JP¥25.77 in 2Q 2025). Revenue: JP¥1.07b (up 32% from 2Q 2025). Net income: JP¥218.5m (up 66% from 2Q 2025). Profit margin: 20% (up from 16% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 22% per year. Buy Or Sell Opportunity • Jan 13
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to JP¥2,855. The fair value is estimated to be JP¥2,354, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 13%. Announcement • Dec 18
i Cubed Systems, Inc. to Report Q2, 2026 Results on Feb 12, 2026 i Cubed Systems, Inc. announced that they will report Q2, 2026 results on Feb 12, 2026 Buy Or Sell Opportunity • Dec 17
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to JP¥2,836. The fair value is estimated to be JP¥2,354, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 13%. Reported Earnings • Nov 17
First quarter 2026 earnings released: EPS: JP¥43.58 (vs JP¥29.09 in 1Q 2025) First quarter 2026 results: EPS: JP¥43.58 (up from JP¥29.09 in 1Q 2025). Revenue: JP¥1.06b (up 17% from 1Q 2025). Net income: JP¥213.0m (up 44% from 1Q 2025). Profit margin: 20% (up from 16% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 16% per year. Buy Or Sell Opportunity • Nov 13
Now 21% undervalued Over the last 90 days, the stock has risen 7.5% to JP¥2,338. The fair value is estimated to be JP¥2,944, however this is not to be taken as a buy 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 6.6%. Buy Or Sell Opportunity • Oct 29
Now 21% undervalued Over the last 90 days, the stock has risen 22% to JP¥2,291. The fair value is estimated to be JP¥2,890, however this is not to be taken as a buy 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 6.6%. Buy Or Sell Opportunity • Oct 14
Now 22% undervalued Over the last 90 days, the stock has risen 29% to JP¥2,290. The fair value is estimated to be JP¥2,924, however this is not to be taken as a buy 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 6.6%. Announcement • Sep 25
i Cubed Systems, Inc. to Report Q1, 2026 Results on Nov 13, 2025 i Cubed Systems, Inc. announced that they will report Q1, 2026 results on Nov 13, 2025 Buy Or Sell Opportunity • Sep 02
Now 23% undervalued Over the last 90 days, the stock has risen 25% to JP¥2,270. The fair value is estimated to be JP¥2,967, however this is not to be taken as a buy 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 6.6%. Reported Earnings • Aug 15
Full year 2025 earnings released: EPS: JP¥109 (vs JP¥87.87 in FY 2024) Full year 2025 results: EPS: JP¥109 (up from JP¥87.87 in FY 2024). Revenue: JP¥3.75b (up 27% from FY 2024). Net income: JP¥558.0m (up 21% from FY 2024). Profit margin: 15% (in line with FY 2024). 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 5% per year. New Risk • Aug 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 5.2% 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 (5.2% average weekly change). Market cap is less than US$100m (JP¥10.4b market cap, or US$70.8m). Announcement • Aug 13
i Cubed Systems, Inc., Annual General Meeting, Sep 25, 2025 i Cubed Systems, Inc., Annual General Meeting, Sep 25, 2025. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥34.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 26 September 2025. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.2%). Announcement • Jun 11
i Cubed Systems, Inc. to Report Fiscal Year 2025 Results on Aug 13, 2025 i Cubed Systems, Inc. announced that they will report fiscal year 2025 results on Aug 13, 2025 Reported Earnings • May 19
Third quarter 2025 earnings released: EPS: JP¥31.53 (vs JP¥22.29 in 3Q 2024) Third quarter 2025 results: EPS: JP¥31.53 (up from JP¥22.29 in 3Q 2024). Revenue: JP¥1.00b (up 34% from 3Q 2024). Net income: JP¥161.0m (up 36% from 3Q 2024). Profit margin: 16% (in line with 3Q 2024). 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 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,641, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 37% over the past three years. New Risk • Mar 21
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 6.0% 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 (6.0% average weekly change). Market cap is less than US$100m (JP¥8.34b market cap, or US$56.0m). Buy Or Sell Opportunity • Mar 21
Now 33% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to JP¥1,633. The fair value is estimated to be JP¥1,224, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last year. Earnings per share has grown by 18%. Announcement • Mar 06
i Cubed Systems, Inc. to Report Q3, 2025 Results on May 14, 2025 i Cubed Systems, Inc. announced that they will report Q3, 2025 results on May 14, 2025 Declared Dividend • Feb 14
Dividend of JP¥32.00 announced Dividend of JP¥32.00 is the same as last year. Ex-date: 27th June 2025 Payment date: 26th September 2025 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 34% per year over the past 4 years and payments have been stable during that time. Earnings per share has grown by 2.9% over the last 3 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Feb 14
Now 23% undervalued Over the last 90 days, the stock has risen 10% to JP¥1,482. The fair value is estimated to be JP¥1,920, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last year. Earnings per share has grown by 18%. Reported Earnings • Feb 13
Second quarter 2025 earnings released: EPS: JP¥25.77 (vs JP¥24.37 in 2Q 2024) Second quarter 2025 results: EPS: JP¥25.77 (up from JP¥24.37 in 2Q 2024). Revenue: JP¥812.1m (up 12% from 2Q 2024). Net income: JP¥131.5m (up 2.0% from 2Q 2024). Profit margin: 16% (down from 18% in 2Q 2024). The decrease in margin was driven by higher expenses. Announcement • Dec 21
i Cubed Systems, Inc. to Report Q2, 2025 Results on Feb 12, 2025 i Cubed Systems, Inc. announced that they will report Q2, 2025 results on Feb 12, 2025 Announcement • Sep 27
i Cubed Systems, Inc. to Report Q1, 2025 Results on Nov 13, 2024 i Cubed Systems, Inc. announced that they will report Q1, 2025 results on Nov 13, 2024 Reported Earnings • Aug 19
Full year 2024 earnings released: EPS: JP¥87.87 (vs JP¥83.31 in FY 2023) Full year 2024 results: EPS: JP¥87.87 (up from JP¥83.31 in FY 2023). Revenue: JP¥2.95b (up 11% from FY 2023). Net income: JP¥463.0m (up 5.2% from FY 2023). Profit margin: 16% (in line with FY 2023). Revenue is forecast to grow 21% p.a. on average during the next 2 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 fallen by 2% per year but the company’s share price has fallen by 33% per year, which means it is performing significantly worse than earnings. Announcement • Aug 14
i Cubed Systems, Inc., Annual General Meeting, Sep 25, 2024 i Cubed Systems, Inc., Annual General Meeting, Sep 25, 2024. New Risk • Aug 05
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 7.2% 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 (7.2% average weekly change). Market cap is less than US$100m (JP¥5.28b market cap, or US$37.1m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to JP¥1,035, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 17x in the IT industry in Japan. Total loss to shareholders of 72% over the past three years. Announcement • Jun 28
i Cubed Systems, Inc. to Report Fiscal Year 2024 Results on Aug 14, 2024 i Cubed Systems, Inc. announced that they will report fiscal year 2024 results on Aug 14, 2024 Reported Earnings • May 19
Third quarter 2024 earnings released: EPS: JP¥22.29 (vs JP¥22.91 in 3Q 2023) Third quarter 2024 results: EPS: JP¥22.29 (down from JP¥22.91 in 3Q 2023). Revenue: JP¥748.0m (up 11% from 3Q 2023). Net income: JP¥118.0m (down 2.5% from 3Q 2023). Profit margin: 16% (down from 18% 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 5.0% 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 34% per year, which means it is performing significantly worse than earnings. Announcement • May 15
i Cubed Systems, Inc. (TSE:4495) announces an Equity Buyback for 200,000 shares, representing 3.78% for ¥298.4 million. i Cubed Systems, Inc. (TSE:4495) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 3.78% of its issued share capital, for ¥ 298.4 million. The repurchase price will be ¥1,492 per share. The purpose of the program is to enable the company to flexibly implement capital policies in response to future changes in the business environment and improve capital efficiency. As of March 31, 2024, the company had 5,295,382shares (excluding treasury stock) and 168 shares in treasury. Announcement • Mar 23
i Cubed Systems, Inc. to Report Q3, 2024 Results on May 14, 2024 i Cubed Systems, Inc. announced that they will report Q3, 2024 results on May 14, 2024 Reported Earnings • Feb 15
Second quarter 2024 earnings released: EPS: JP¥24.37 (vs JP¥18.75 in 2Q 2023) Second quarter 2024 results: EPS: JP¥24.37 (up from JP¥18.75 in 2Q 2023). Revenue: JP¥728.0m (up 11% from 2Q 2023). Net income: JP¥129.0m (up 30% from 2Q 2023). Profit margin: 18% (up from 15% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Announcement • Nov 30
i Cubed Systems, Inc. to Report Q2, 2024 Results on Feb 13, 2024 i Cubed Systems, Inc. announced that they will report Q2, 2024 results on Feb 13, 2024 Reported Earnings • Nov 20
First quarter 2024 earnings released: EPS: JP¥17.57 (vs JP¥21.23 in 1Q 2023) First quarter 2024 results: EPS: JP¥17.57 (down from JP¥21.23 in 1Q 2023). Revenue: JP¥697.0m (up 6.1% from 1Q 2023). Net income: JP¥93.0m (down 17% from 1Q 2023). Profit margin: 13% (down from 17% in 1Q 2023). The decrease in margin was driven by higher expenses. Announcement • Sep 28
i Cubed Systems, Inc. to Report Q1, 2024 Results on Nov 14, 2023 i Cubed Systems, Inc. announced that they will report Q1, 2024 results on Nov 14, 2023 New Risk • Aug 13
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.3% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (JP¥7.05b market cap, or US$48.6m). Reported Earnings • Aug 11
Full year 2023 earnings released: EPS: JP¥83.31 (vs JP¥103 in FY 2022) Full year 2023 results: EPS: JP¥83.31 (down from JP¥103 in FY 2022). Revenue: JP¥2.67b (up 8.6% from FY 2022). Net income: JP¥440.0m (down 18% from FY 2022). Profit margin: 17% (down from 22% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the IT industry in Japan. Announcement • Aug 10
i Cubed Systems, Inc., Annual General Meeting, Sep 27, 2023 i Cubed Systems, Inc., Annual General Meeting, Sep 27, 2023. Announcement • Jun 28
i Cubed Systems, Inc. to Report Fiscal Year 2023 Results on Aug 09, 2023 i Cubed Systems, Inc. announced that they will report fiscal year 2023 results on Aug 09, 2023 Upcoming Dividend • Jun 22
Upcoming dividend of JP¥20.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.6%). Reported Earnings • Feb 12
First half 2023 earnings released First half 2023 results: EPS: JP¥39.98. Net income: JP¥211.0m (up JP¥211.0m from 1H 2022). Reported Earnings • Nov 11
First quarter 2023 earnings released: EPS: JP¥21.23 (vs JP¥30.74 in 1Q 2022) First quarter 2023 results: EPS: JP¥21.23 (down from JP¥30.74 in 1Q 2022). Revenue: JP¥657.0m (up 9.7% from 1Q 2022). Net income: JP¥112.0m (down 30% from 1Q 2022). Profit margin: 17% (down from 27% in 1Q 2022). The decrease in margin was driven by higher expenses. Board Change • Oct 31
High number of new directors Independent Outside Director Yoshikazu Koda was the last director to join the board, commencing their role in 2022. Reported Earnings • Aug 11
Full year 2022 earnings released: EPS: JP¥103 (vs JP¥80.18 in FY 2021) Full year 2022 results: EPS: JP¥103 (up from JP¥80.18 in FY 2021). Revenue: JP¥2.45b (up 21% from FY 2021). Net income: JP¥539.0m (up 28% from FY 2021). Profit margin: 22% (up from 21% in FY 2021). The increase in margin was driven by higher revenue. Announcement • Aug 10
i3 Systems,Inc., Annual General Meeting, Sep 28, 2022 i3 Systems,Inc., Annual General Meeting, Sep 28, 2022. Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥2,013, the stock trades at a trailing P/E ratio of 21.6x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 47% over the past year. Valuation Update With 7 Day Price Move • Jul 26
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥2,460, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 19x in the IT industry in Japan. Total loss to shareholders of 43% over the past year. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 30 September 2022. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.7%). Announcement • Jun 03
i3 Systems,Inc. to Report Fiscal Year 2022 Results on Aug 09, 2022 i3 Systems,Inc. announced that they will report fiscal year 2022 results on Aug 09, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 8 non-independent directors. Outside Independent Director Yuko Uchida was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 09
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: JP¥29.14 (up from JP¥15.75 in 2Q 2021). Revenue: JP¥606.0m (up 27% from 2Q 2021). Net income: JP¥153.0m (up 87% from 2Q 2021). Profit margin: 25% (up from 17% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Buying Opportunity • Jan 27
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 12%. The fair value is estimated to be JP¥4,029, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last year. Earnings per share has grown by 54% over the last year. Reported Earnings • Nov 10
First quarter 2022 earnings released: EPS JP¥30.73 (vs JP¥17.25 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥599.0m (up 31% from 1Q 2021). Net income: JP¥161.0m (up 81% from 1Q 2021). Profit margin: 27% (up from 20% in 1Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Oct 05
Full year 2021 earnings released: EPS JP¥80.75 (vs JP¥63.46 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥2.03b (up 24% from FY 2020). Net income: JP¥420.0m (up 32% from FY 2020). Profit margin: 21% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Reported Earnings • Aug 13
Full year 2021 earnings released: EPS JP¥80.75 (vs JP¥63.46 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥2.03b (up 24% from FY 2020). Net income: JP¥420.0m (up 32% from FY 2020). Profit margin: 21% (up from 19% in FY 2020). The increase in margin was driven by higher revenue. Announcement • Jun 02
I3 Systems,Inc. Revises Earnings Guidance for the Fiscal Year Ending June 30, 2021 i3 Systems,Inc. revised earnings guidance for the fiscal year ending June 30, 2021. For the period, the company expects net sales of JPY 2,025 compared to the previous guidance of JPY 2,004 million. Operating income of JPY 532 million compared to the previous guidance of JPY 450 million. Ordinary profit of JPY 522 million compared to the previous guidance of JPY 430 million. Net income of JPY 387 million compared to the previous guidance of JPY 281 million. Net income per share JPY 74.45 compared to the previous guidance of JPY 54.42. Reported Earnings • May 14
Third quarter 2021 earnings released: EPS JP¥17.84 (vs JP¥1.40 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥515.0m (up 16% from 3Q 2020). Net income: JP¥93.0m (up JP¥86.0m from 3Q 2020). Profit margin: 18% (up from 1.6% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Announcement • Mar 07
i3 Co., Ltd. (TSE:4495) made an offer to acquire 55.9% stake in IGNIS LTD. (TSE:3689) for ¥26.3 billion. i3 Co., Ltd. (TSE:4495) made an offer to acquire 55.9% stake in IGNIS LTD. (TSE:3689) for ¥26.3 billion on March 5, 2021. Under the terms, i3 Co., Ltd. will acquire 8,761,149 shares at ¥3,000 per share, 4th Stock Acquisition Rights at ¥4,450 per Stock Acquisition Right, 12th Stock Acquisition Rights at ¥353,400 per stock acquisition right, 13th Stock Acquisition Rights at ¥135,000 per Stock Acquisition Right, 15th Stock Acquisition Rights at ¥1 per stock acquisition right and 16th Stock Acquisition Rights at ¥1 per stock acquisition right. The purchase period is from March 8, 2021 to April 19, 2021. Is New 90 Day High Low • Feb 25
New 90-day low: JP¥4,560 The company is down 1.0% from its price of JP¥4,620 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 11
Second quarter 2021 earnings released: EPS JP¥15.75 (vs JP¥1.40 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥479.0m (up 8.1% from 2Q 2020). Net income: JP¥82.0m (up JP¥75.0m from 2Q 2020). Profit margin: 17% (up from 1.6% in 2Q 2020). The increase in margin was primarily driven by lower expenses. Announcement • Jan 22
i³ Systems, Inc. to Report Q2, 2021 Results on Feb 09, 2021 i³ Systems, Inc. announced that they will report Q2, 2021 results on Feb 09, 2021 Is New 90 Day High Low • Jan 21
New 90-day high: JP¥6,850 The company is up 12% from its price of JP¥6,120 on 23 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is up 6.0% over the same period. Announcement • Oct 04
i³ Systems, Inc. to Report Q1, 2021 Results on Nov 13, 2020 i³ Systems, Inc. announced that they will report Q1, 2021 results on Nov 13, 2020 Announcement • Jul 17
i³ Systems, Inc. has completed an IPO in the amount of ¥468 million. i³ Systems, Inc. has completed an IPO in the amount of ¥468 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 150,000
Price\Range: ¥3120
Discount Per Security: ¥249.6
Transaction Features: Sponsor Backed Offering 
