Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Outside Director Katsuji Nagasawa was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 18
Full year 2026 earnings released: EPS: JP¥235 (vs JP¥192 in FY 2025) Full year 2026 results: EPS: JP¥235 (up from JP¥192 in FY 2025). Revenue: JP¥51.5b (up 16% from FY 2025). Net income: JP¥15.1b (up 22% from FY 2025). Profit margin: 29% (up from 28% in FY 2025). The increase in margin was driven by higher revenue. 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 4% per year, which means it is significantly lagging earnings. Live News • May 17
JustSystems Reports Strong Profit Growth and Raises Dividend Despite Limited 2027 Guidance JustSystems reported double-digit gains in sales and profit, with higher operating margins and return on equity, while also increasing cash on hand.
The company raised its annual dividend for FY2026, setting the total payout at 27 yen per share following a year-end dividend of 15 yen.
Management is guiding to a further total dividend increase to 30 yen per share for FY2027, but has not provided earnings guidance for that year, leaving some uncertainty around the outlook.
The combination of stronger profitability metrics and a higher dividend indicates that management is comfortable returning more cash to shareholders even without publishing detailed 2027 forecasts.
Investors may want to weigh the appeal of a growing dividend stream against the information gap created by the lack of medium-term earnings guidance. Announcement • May 14
JustSystems Corporation, Annual General Meeting, Jun 25, 2026 JustSystems Corporation, Annual General Meeting, Jun 25, 2026. Buy Or Sell Opportunity • May 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to JP¥3,675. The fair value is estimated to be JP¥4,623, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years, while earnings per share has been flat. Announcement • May 09
JustSystems Corporation to Report Fiscal Year 2026 Results on May 14, 2026 JustSystems Corporation announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.3%). Buy Or Sell Opportunity • Mar 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 30% to JP¥3,535. The fair value is estimated to be JP¥4,553, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Mar 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 27% to JP¥3,665. The fair value is estimated to be JP¥4,637, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years, while earnings per share has been flat. Reported Earnings • Feb 07
Third quarter 2026 earnings released: EPS: JP¥60.01 (vs JP¥49.22 in 3Q 2025) Third quarter 2026 results: EPS: JP¥60.01 (up from JP¥49.22 in 3Q 2025). Revenue: JP¥12.6b (up 16% from 3Q 2025). Net income: JP¥3.85b (up 22% from 3Q 2025). Profit margin: 31% (up from 29% 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 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 09
First half dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 0.5%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 11%. Cash payout ratio: 11%. Reported Earnings • Nov 08
Second quarter 2026 earnings released: EPS: JP¥66.22 (vs JP¥51.45 in 2Q 2025) Second quarter 2026 results: EPS: JP¥66.22 (up from JP¥51.45 in 2Q 2025). Revenue: JP¥13.1b (up 16% from 2Q 2025). Net income: JP¥4.25b (up 29% from 2Q 2025). Profit margin: 33% (up from 29% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 31
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 29% to JP¥5,000. The fair value is estimated to be JP¥3,988, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years, while earnings per share has been flat. Announcement • Oct 19
JustSystems Corporation to Report Q2, 2026 Results on Nov 07, 2025 JustSystems Corporation announced that they will report Q2, 2026 results on Nov 07, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.5%). Buy Or Sell Opportunity • Sep 09
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 37% to JP¥4,845. The fair value is estimated to be JP¥4,016, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years, while earnings per share has been flat. New Risk • Aug 19
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 5.1% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Aug 19
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to JP¥4,840. The fair value is estimated to be JP¥3,979, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years, while earnings per share has been flat. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥4,530, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 21x in the Software industry in Japan. Total returns to shareholders of 25% over the past three years. Reported Earnings • Aug 09
First quarter 2026 earnings released: EPS: JP¥62.87 (vs JP¥51.54 in 1Q 2025) First quarter 2026 results: EPS: JP¥62.87 (up from JP¥51.54 in 1Q 2025). Revenue: JP¥12.9b (up 19% from 1Q 2025). Net income: JP¥4.04b (up 22% from 1Q 2025). Profit margin: 31% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 2% per year. Announcement • Jul 20
JustSystems Corporation to Report Q1, 2026 Results on Aug 08, 2025 JustSystems Corporation announced that they will report Q1, 2026 results on Aug 08, 2025 Declared Dividend • Jul 09
Final dividend of JP¥12.00 announced Shareholders will receive a dividend of JP¥12.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 0.7%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 11%. Cash payout ratio: 13%. Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥192 (vs JP¥181 in FY 2024) Full year 2025 results: EPS: JP¥192 (up from JP¥181 in FY 2024). Revenue: JP¥44.6b (up 8.7% from FY 2024). Net income: JP¥12.3b (up 5.9% from FY 2024). Profit margin: 28% (in line with FY 2024). 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 10% per year, which means it is performing significantly worse than earnings. Announcement • May 14
JustSystems Corporation, Annual General Meeting, Jun 26, 2025 JustSystems Corporation, Annual General Meeting, Jun 26, 2025. Announcement • Apr 17
JustSystems Corporation to Report Fiscal Year 2025 Results on May 14, 2025 JustSystems Corporation announced that they will report fiscal year 2025 results on May 14, 2025 Buy Or Sell Opportunity • Apr 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.6% to JP¥3,245. The fair value is estimated to be JP¥4,068, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Mar 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.1% to JP¥3,370. The fair value is estimated to be JP¥4,236, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.6%). Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥49.22 (vs JP¥43.38 in 3Q 2024) Third quarter 2025 results: EPS: JP¥49.22 (up from JP¥43.38 in 3Q 2024). Revenue: JP¥10.9b (up 13% from 3Q 2024). Net income: JP¥3.16b (up 14% from 3Q 2024). Profit margin: 29% (in line with 3Q 2024). 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 15% per year, which means it is performing significantly worse than earnings. Announcement • Jan 17
JustSystems Corporation to Report Q3, 2025 Results on Feb 07, 2025 JustSystems Corporation announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 09
Second quarter 2025 earnings released: EPS: JP¥51.45 (vs JP¥54.08 in 2Q 2024) Second quarter 2025 results: EPS: JP¥51.45 (down from JP¥54.08 in 2Q 2024). Revenue: JP¥11.2b (up 3.6% from 2Q 2024). Net income: JP¥3.30b (down 4.9% from 2Q 2024). Profit margin: 29% (down from 32% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Buy Or Sell Opportunity • Oct 25
Now 20% undervalued Over the last 90 days, the stock has risen 7.3% to JP¥3,360. The fair value is estimated to be JP¥4,204, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • Oct 19
JustSystems Corporation to Report Q2, 2025 Results on Nov 08, 2024 JustSystems Corporation announced that they will report Q2, 2025 results on Nov 08, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 06 December 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.2%). Buy Or Sell Opportunity • Sep 02
Now 20% undervalued Over the last 90 days, the stock has risen 20% to JP¥3,410. The fair value is estimated to be JP¥4,265, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥51.54 (vs JP¥47.86 in 1Q 2024) First quarter 2025 results: EPS: JP¥51.54 (up from JP¥47.86 in 1Q 2024). Revenue: JP¥10.8b (up 7.0% from 1Q 2024). Net income: JP¥3.31b (up 7.7% from 1Q 2024). Profit margin: 31% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Jul 21
JustSystems Corporation to Report Q1, 2025 Results on Aug 09, 2024 JustSystems Corporation announced that they will report Q1, 2025 results on Aug 09, 2024 Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Outside Director Yoshie Midorikawa was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 18
Full year 2024 earnings released: EPS: JP¥181 (vs JP¥209 in FY 2023) Full year 2024 results: EPS: JP¥181 (down from JP¥209 in FY 2023). Revenue: JP¥41.0b (down 2.3% from FY 2023). Net income: JP¥11.6b (down 13% from FY 2023). Profit margin: 28% (down from 32% in FY 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • May 16
JustSystems Corporation, Annual General Meeting, Jun 25, 2024 JustSystems Corporation, Annual General Meeting, Jun 25, 2024. Announcement • Apr 19
JustSystems Corporation to Report Fiscal Year 2024 Results on May 14, 2024 JustSystems Corporation announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.3%). New Risk • Feb 13
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 5.7% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 10
Third quarter 2024 earnings released: EPS: JP¥43.38 (vs JP¥50.08 in 3Q 2023) Third quarter 2024 results: EPS: JP¥43.38 (down from JP¥50.08 in 3Q 2023). Revenue: JP¥9.66b (down 3.8% from 3Q 2023). Net income: JP¥2.79b (down 13% from 3Q 2023). Profit margin: 29% (down from 32% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Jan 21
JustSystems Corporation to Report Q3, 2024 Results on Feb 09, 2024 JustSystems Corporation announced that they will report Q3, 2024 results on Feb 09, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: JP¥54.08 (vs JP¥56.32 in 2Q 2023) Second quarter 2024 results: EPS: JP¥54.08 (down from JP¥56.32 in 2Q 2023). Revenue: JP¥10.9b (up 1.3% from 2Q 2023). Net income: JP¥3.47b (down 4.0% from 2Q 2023). Profit margin: 32% (down from 34% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Announcement • Oct 22
JustSystems Corporation to Report Q2, 2024 Results on Nov 10, 2023 JustSystems Corporation announced that they will report Q2, 2024 results on Nov 10, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥10.00 per share at 0.7% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 9.0% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.7%). Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥47.86 (vs JP¥56.19 in 1Q 2023) First quarter 2024 results: EPS: JP¥47.86 (down from JP¥56.19 in 1Q 2023). Revenue: JP¥10.1b (down 2.4% from 1Q 2023). Net income: JP¥3.07b (down 15% from 1Q 2023). Profit margin: 30% (down from 35% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥3,335, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 25x in the Software industry in Japan. Total loss to shareholders of 54% over the past three years. Buying Opportunity • Aug 08
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be JP¥4,320, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has grown by 12%. Announcement • Jul 24
JustSystems Corporation to Report Q1, 2024 Results on Aug 04, 2023 JustSystems Corporation announced that they will report Q1, 2024 results on Aug 04, 2023 Announcement • May 17
JustSystems Corporation, Annual General Meeting, Jun 27, 2023 JustSystems Corporation, Annual General Meeting, Jun 27, 2023. Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥209 (vs JP¥189 in FY 2022) Full year 2023 results: EPS: JP¥209 (up from JP¥189 in FY 2022). Revenue: JP¥42.0b (flat on FY 2022). Net income: JP¥13.4b (up 10% from FY 2022). Profit margin: 32% (up from 29% in FY 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share at 0.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 8.0% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥50.08 (vs JP¥44.25 in 3Q 2022) Third quarter 2023 results: EPS: JP¥50.08 (up from JP¥44.25 in 3Q 2022). Revenue: JP¥10.0b (flat on 3Q 2022). Net income: JP¥3.22b (up 13% from 3Q 2022). Profit margin: 32% (up from 28% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Buying Opportunity • Feb 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.7%. The fair value is estimated to be JP¥4,019, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Earnings per share has grown by 11%. Announcement • Jan 22
JustSystems Corporation to Report Q3, 2023 Results on Feb 10, 2023 JustSystems Corporation announced that they will report Q3, 2023 results on Feb 10, 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. 3 non-independent directors. Independent Outside Director Katsuhiko Kuwayama was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥56.32 (vs JP¥56.80 in 2Q 2022) Second quarter 2023 results: EPS: JP¥56.32 (down from JP¥56.80 in 2Q 2022). Revenue: JP¥10.7b (down 1.8% from 2Q 2022). Net income: JP¥3.62b (flat on 2Q 2022). Profit margin: 34% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Buying Opportunity • Nov 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be JP¥3,905, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 15%. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 8.3% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.8%). Buying Opportunity • Aug 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 29%. The fair value is estimated to be JP¥4,805, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 15%. Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥56.19 (vs JP¥51.73 in 1Q 2022) First quarter 2023 results: EPS: JP¥56.19 (up from JP¥51.73 in 1Q 2022). Revenue: JP¥10.4b (up 1.3% from 1Q 2022). Net income: JP¥3.61b (up 8.6% from 1Q 2022). Profit margin: 35% (up from 32% in 1Q 2022). The increase in margin was primarily driven by lower expenses. 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 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥189 (vs JP¥171 in FY 2021) Full year 2022 results: EPS: JP¥189 (up from JP¥171 in FY 2021). Revenue: JP¥41.7b (up 1.2% from FY 2021). Net income: JP¥12.2b (up 11% from FY 2021). Profit margin: 29% (up from 27% in FY 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 4 highly experienced directors. 2 independent directors (3 non-independent directors). President, CEO & Representative Director Kyotaro Sekinada is the most experienced director on the board, commencing their role in 2009. Independent Outside Director Katsuhiko Kuwayama was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 8.4% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.8%). Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥44.25 (up from JP¥33.96 in 3Q 2021). Revenue: JP¥10.0b (up 9.5% from 3Q 2021). Net income: JP¥2.84b (up 30% from 3Q 2021). Profit margin: 28% (up from 24% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥56.80 (vs JP¥51.55 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥10.9b (up 1.8% from 2Q 2021). Net income: JP¥3.65b (up 10% from 2Q 2021). Profit margin: 33% (up from 31% in 2Q 2021). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 04 December 2021. Trailing yield: 0.2%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (1.3%). Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS JP¥51.73 (vs JP¥47.58 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥10.2b (down 2.7% from 1Q 2021). Net income: JP¥3.32b (up 8.7% from 1Q 2021). Profit margin: 32% (up from 29% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥171 (vs JP¥145 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥41.2b (up 13% from FY 2020). Net income: JP¥11.0b (up 18% from FY 2020). Profit margin: 27% (up from 25% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 34% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 0.2%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.3%). Reported Earnings • Feb 11
Third quarter 2021 earnings released: EPS JP¥33.96 (vs JP¥28.42 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥9.15b (up 17% from 3Q 2020). Net income: JP¥2.18b (up 20% from 3Q 2020). Profit margin: 24% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 51% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 09
New 90-day high: JP¥7,970 The company is up 14% from its price of JP¥6,990 on 11 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 22
New 90-day high: JP¥7,920 The company is up 16% from its price of JP¥6,820 on 23 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 8.0% over the same period.