New Risk • Apr 26
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 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Announcement • Apr 22
OBIC Co.,Ltd., Annual General Meeting, Jun 25, 2026 OBIC Co.,Ltd., Annual General Meeting, Jun 25, 2026. Reported Earnings • Apr 22
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥172 (up from JP¥147 in FY 2025). Revenue: JP¥135.2b (up 12% from FY 2025). Net income: JP¥75.2b (up 16% from FY 2025). Profit margin: 56% (up from 53% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%. Revenue is forecast to grow 6.6% 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 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Apr 22
OBIC Co.,Ltd. (TSE:4684) announces an Equity Buyback for 10,000,000 shares, representing 2.31% for ¥50,000 million. OBIC Co.,Ltd. (TSE:4684) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 2.3% of its issued share capital (excluding treasury stock), for ¥50,000 million. The purpose of the program is to return profits to shareholders through improved capital efficiency and to implement flexible capital policies in response to changes in the business environment. The program is valid till March 31, 2027. As March 31, 2026, the company had 433,333,390 shares (excluding treasury shares) and 64,666,610 shares in treasury. Buy Or Sell Opportunity • Apr 20
Now 21% overvalued Over the last 90 days, the stock has fallen 10% to JP¥4,249. The fair value is estimated to be JP¥3,516, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 7.6% per annum. Earnings are also forecast to grow by 6.3% per annum over the same time period. Announcement • Apr 01
OBIC Co.,Ltd. to Report Fiscal Year 2026 Results on Apr 21, 2026 OBIC Co.,Ltd. announced that they will report fiscal year 2026 results at 9:00 AM, Tokyo Standard Time on Apr 21, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥47.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Buy Or Sell Opportunity • Mar 06
Now 21% overvalued Over the last 90 days, the stock has fallen 17% to JP¥4,150. The fair value is estimated to be JP¥3,439, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 8.3% per annum. Earnings are also forecast to grow by 7.5% per annum over the same time period. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥3,816, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 5.0% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥3,393 per share. New Risk • Jan 28
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.9% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Announcement • Jan 27
OBIC Co.,Ltd. Revises Dividend Forecast for the Fiscal Year Ending March 31, 2026 OBIC Co. Ltd. revised dividend forecast for the fiscal year ending March 31, 2026 . For the year, company expected to pay JPY 47.00 per share as compared to previous forecast of JPY 37.00 per share . Reason for the revision (increase) of the year-end dividend forecast The Company aims to secure a solid management foundation and further enhance financial position through business growth, while also recognizing returning profits to shareholders as a key management priority and thus maintaining a policy of providing continuous and stable dividends. Based on this basic policy, planned to pay a year-end dividend of ¥37 per share for the fiscal year under review. However, considering favorable business performance and to express gratitude for the ongoing support of shareholders, will increase the dividend by ¥10 to ¥47 per share. Please note that this matter is subject to a resolution at the 59th Annual General Meeting of Shareholders to be held in late June 2026. Reported Earnings • Jan 27
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: JP¥44.03 (up from JP¥38.56 in 3Q 2025). Revenue: JP¥34.3b (up 12% from 3Q 2025). Net income: JP¥19.3b (up 14% from 3Q 2025). Profit margin: 56% (in line with 3Q 2025). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 4.8%. Revenue is forecast to grow 8.3% 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 13% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Dec 20
OBIC Co.,Ltd. to Report Q3, 2026 Results on Jan 26, 2026 OBIC Co.,Ltd. announced that they will report Q3, 2026 results on Jan 26, 2026 Declared Dividend • Nov 26
First half dividend of JP¥37.00 announced Shareholders will receive a dividend of JP¥37.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 1.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 06
OBIC Co.,Ltd. (TSE:4684) announces an Equity Buyback for 6,000,000 shares, representing 1.36% for ¥30,000 million. OBIC Co.,Ltd. (TSE:4684) announces a share repurchase program. Under the program, the company will repurchase up to 6,000,000 shares, representing 1.36% of its issued share capital (excluding treasury stock), for ¥30,000 million. The purpose of the program is to return profits to shareholders through improved capital efficiency and to implement flexible capital policies in response to changes in the business environment. The program is valid till March 31, 2026. As September 30, 2025, the company had 439,915,590 shares (excluding treasury shares) and 58,084,410 shares in treasury. Reported Earnings • Oct 30
Second quarter 2026 earnings: EPS exceeds analyst expectations Second quarter 2026 results: EPS: JP¥40.44 (up from JP¥34.75 in 2Q 2025). Revenue: JP¥33.4b (up 9.7% from 2Q 2025). Net income: JP¥17.8b (up 16% from 2Q 2025). Profit margin: 53% (up from 50% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.1%. 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 increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Oct 28
OBIC Co.,Ltd. Announces Dividend for Period of Second Quarter-End of Fiscal Year Ending March 31, 2026, Payable on November 25, 2025 OBIC Co.,Ltd. announced the dividend of JPY 37 per share for the period of Second quarter-end of Fiscal year ending March 31, 2026 as compared to JPY 160.00 per share (After split JPY 32 per share) a year ago. Scheduled date to commence dividend payments is November 25, 2025. Announcement • Sep 23
OBIC Co.,Ltd. to Report Q2, 2026 Results on Oct 28, 2025 OBIC Co.,Ltd. announced that they will report Q2, 2026 results on Oct 28, 2025 Declared Dividend • Jul 09
Final dividend of JP¥37.00 announced Shareholders will receive a dividend of JP¥37.00. Ex-date: 29th September 2025 Payment date: 25th November 2025 Dividend yield will be 1.4%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (48% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 29
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: JP¥147 (up from JP¥131 in FY 2024). Revenue: JP¥121.2b (up 8.6% from FY 2024). Net income: JP¥64.6b (up 11% from FY 2024). Profit margin: 53% (up from 52% in FY 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 7.8% 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 14% per year whereas the company’s share price has increased by 12% per year. Announcement • Jun 17
OBIC Co.,Ltd. to Report Q1, 2026 Results on Jul 23, 2025 OBIC Co.,Ltd. announced that they will report Q1, 2026 results on Jul 23, 2025 Reported Earnings • Apr 23
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: JP¥147 (up from JP¥131 in FY 2024). Revenue: JP¥121.2b (up 8.6% from FY 2024). Net income: JP¥64.6b (up 11% from FY 2024). Profit margin: 53% (up from 52% in FY 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 8.0% 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 14% per year whereas the company’s share price has increased by 10% per year. Announcement • Apr 22
OBIC Co.,Ltd., Annual General Meeting, Jun 26, 2025 OBIC Co.,Ltd., Annual General Meeting, Jun 26, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%). Announcement • Mar 14
OBIC Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 22, 2025 OBIC Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 22, 2025 Reported Earnings • Jan 27
Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2025 results: EPS: JP¥38.56 (up from JP¥34.17 in 3Q 2024). Revenue: JP¥30.6b (up 8.1% from 3Q 2024). Net income: JP¥17.0b (up 12% from 3Q 2024). Profit margin: 56% (up from 54% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 1.6%. Revenue is forecast to grow 7.8% 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 14% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Dec 24
OBIC Co.,Ltd. to Report Q3, 2025 Results on Jan 24, 2025 OBIC Co.,Ltd. announced that they will report Q3, 2025 results on Jan 24, 2025 Declared Dividend • Nov 23
First half dividend of JP¥32.00 announced Shareholders will receive a dividend of JP¥32.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 4.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (66% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 31
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: JP¥34.75 (up from JP¥30.97 in 2Q 2024). Revenue: JP¥30.4b (up 7.6% from 2Q 2024). Net income: JP¥15.3b (up 11% from 2Q 2024). Profit margin: 50% (up from 49% in 2Q 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 2.5%. Revenue is forecast to grow 8.0% 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 increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Oct 30
OBIC Co.,Ltd. Announces Cash Dividend for the Six Months of Fiscal Year Ending March 31, 2025, Payable on November 22, 2024 OBIC Co.,Ltd. announced cash dividend for the six months of fiscal year ending March 31, 2025. For the six months, the company reported cash dividend of JPY 160.00 per share against JPY 130.00 per share a year ago. The dividend will be payable on November 22, 2024. New Risk • Sep 26
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 264% Dividend yield: 6.2% 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. This is currently the only risk that has been identified for the company. Announcement • Sep 21
OBIC Co.,Ltd. to Report Q2, 2025 Results on Oct 29, 2024 OBIC Co.,Ltd. announced that they will report Q2, 2025 results on Oct 29, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥160 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 22 November 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (1.4%). Buy Or Sell Opportunity • Aug 02
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 9.0% to JP¥22,500. The fair value is estimated to be JP¥18,572, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 8.2% per annum. Earnings are also forecast to grow by 7.8% per annum over the same time period. Reported Earnings • Jul 26
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: JP¥191 (up from JP¥165 in 1Q 2024). Revenue: JP¥28.8b (up 6.2% from 1Q 2024). Net income: JP¥16.8b (up 14% from 1Q 2024). Profit margin: 58% (up from 54% in 1Q 2024). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 7.7%. Revenue is forecast to grow 8.2% 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 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥160 announced Shareholders will receive a dividend of JP¥160. Ex-date: 27th September 2024 Payment date: 22nd November 2024 Dividend yield will be 1.5%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (46% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 23
OBIC Co.,Ltd. to Report Q1, 2025 Results on Jul 24, 2024 OBIC Co.,Ltd. announced that they will report Q1, 2025 results on Jul 24, 2024 Reported Earnings • Apr 24
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥655 (up from JP¥565 in FY 2023). Revenue: JP¥111.6b (up 11% from FY 2023). Net income: JP¥58.0b (up 16% from FY 2023). Profit margin: 52% (up from 50% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Mar 24
OBIC Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 23, 2024 OBIC Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 23, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥170 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.4%). Announcement • Feb 21
OBIC Co.,Ltd. (TSE:4684) announces an Equity Buyback for 750,000 shares, representing 0.84% for ¥16,650 million. OBIC Co.,Ltd. (TSE:4684) announces a share repurchase program. Under the program, the company will repurchase up to 750,000 shares, representing 0.84% of its issued share capital (excluding treasury stock), for a total purchase price of ¥16,650 million. The purpose of the program is to return profits to shareholders by improving capital efficiency and respond to changes in the business environment and implement a flexible capital policy. Reported Earnings • Jan 26
Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2024 results: EPS: JP¥171 (up from JP¥146 in 3Q 2023). Revenue: JP¥28.3b (up 11% from 3Q 2023). Net income: JP¥15.2b (up 17% from 3Q 2023). Profit margin: 54% (up from 51% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 1.9%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Jan 24
OBIC Co.,Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024 OBIC Co.,Ltd. provided dividend guidance for the Fiscal year ending March 31, 2024. For the year, the company expects dividend of JPY 170.00 per share against JPY 140.00 per share a year ago. Announcement • Dec 17
OBIC Co.,Ltd. to Report Q3, 2024 Results on Jan 24, 2024 OBIC Co.,Ltd. announced that they will report Q3, 2024 results on Jan 24, 2024 Reported Earnings • Oct 26
Second quarter 2024 earnings: EPS exceeds analyst expectations Second quarter 2024 results: EPS: JP¥155 (up from JP¥133 in 2Q 2023). Revenue: JP¥28.2b (up 13% from 2Q 2023). Net income: JP¥13.7b (up 17% from 2Q 2023). Profit margin: 49% (up from 47% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.2%. Revenue is forecast to grow 7.8% p.a. on average during the next 3 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 increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Sep 23
OBIC Co.,Ltd. to Report Q2, 2024 Results on Oct 24, 2023 OBIC Co.,Ltd. announced that they will report Q2, 2024 results on Oct 24, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥130 per share at 1.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 21 November 2023. Payout ratio is a comfortable 43% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.5%). Announcement • Jul 26
Obic Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 OBIC Co.,Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, the company expects net sales to be JPY 111,000 million, operating profit to be JPY 70,000 million, profit attributable to owners of parent to be JPY 54,500 million and Basic earnings share to be JPY 614.57. Reported Earnings • Jul 26
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: JP¥165 (up from JP¥148 in 1Q 2023). Revenue: JP¥27.1b (up 12% from 1Q 2023). Net income: JP¥14.7b (up 12% from 1Q 2023). Profit margin: 54% (in line with 1Q 2023). Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Jun 22
OBIC Co.,Ltd. to Report Q1, 2024 Results on Jul 25, 2023 OBIC Co.,Ltd. announced that they will report Q1, 2024 results on Jul 25, 2023 Reported Earnings • Apr 26
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥565 (up from JP¥490 in FY 2022). Revenue: JP¥100.2b (up 12% from FY 2022). Net income: JP¥50.1b (up 15% from FY 2022). Profit margin: 50% (up from 49% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.2%. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥140 per share at 1.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%). Reported Earnings • Jan 25
Third quarter 2023 earnings: EPS exceeds analyst expectations Third quarter 2023 results: EPS: JP¥146 (up from JP¥126 in 3Q 2022). Revenue: JP¥25.4b (up 10% from 3Q 2022). Net income: JP¥12.9b (up 16% from 3Q 2022). Profit margin: 51% (up from 48% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year. Announcement • Dec 23
OBIC Co.,Ltd. to Report Q3, 2023 Results on Jan 24, 2023 OBIC Co.,Ltd. announced that they will report Q3, 2023 results on Jan 24, 2023 Board Change • Nov 16
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. 4 non-independent directors. Independent Outside Director Takashi Eriji was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: JP¥133 (up from JP¥118 in 2Q 2022). Revenue: JP¥25.0b (up 11% from 2Q 2022). Net income: JP¥11.8b (up 12% from 2Q 2022). Profit margin: 47% (in line with 2Q 2022). Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 1.7%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥110 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 22 November 2022. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%). Reported Earnings • Jul 22
First quarter 2023 earnings: EPS and revenues exceed analyst expectations First quarter 2023 results: EPS: JP¥148 (up from JP¥121 in 1Q 2022). Revenue: JP¥24.1b (up 14% from 1Q 2022). Net income: JP¥13.1b (up 22% from 1Q 2022). Profit margin: 55% (up from 51% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Over the next year, revenue is forecast to grow 9.3%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Apr 27
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥490 (up from JP¥427 in FY 2021). Revenue: JP¥89.5b (up 6.7% from FY 2021). Net income: JP¥43.5b (up 14% from FY 2021). Profit margin: 49% (up from 45% in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%. Over the next year, revenue is forecast to grow 9.7%, compared to a 7.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 14% per year. 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. 4 non-independent directors. Independent Outside Director Takashi Eriji was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.