Board Change • 3h
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Outside Director Kie Kobayashi was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Jul 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 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: Major Risk Earnings have declined by 4.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (JP¥8.32b market cap, or US$51.1m). Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥2,000, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 14x in the Software industry in Japan. Total returns to shareholders of 114% over the past three years. Buy Or Sell Opportunity • Jul 13
Now 22% undervalued Over the last 90 days, the stock has risen 9.2% to JP¥1,658. The fair value is estimated to be JP¥2,126, 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 3 years. Earnings per share has grown by 18%. Announcement • Jul 01
XNET Corporation to Report Q1, 2027 Results on Jul 31, 2026 XNET Corporation announced that they will report Q1, 2027 results on Jul 31, 2026 Reported Earnings • May 01
Full year 2026 earnings released: EPS: JP¥130 (vs JP¥129 in FY 2025) Full year 2026 results: EPS: JP¥130. Revenue: JP¥5.66b (up 6.8% from FY 2025). Net income: JP¥542.0m (down 6.7% from FY 2025). Profit margin: 9.6% (down from 11% in FY 2025). The decrease in margin was driven by higher expenses. Announcement • Apr 30
XNET Corporation, Annual General Meeting, Jun 26, 2026 XNET Corporation, Annual General Meeting, Jun 26, 2026. Announcement • Apr 21
XNET Corporation to Report Fiscal Year 2026 Results on Apr 30, 2026 XNET Corporation announced that they will report fiscal year 2026 results on Apr 30, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥39.00 (vs JP¥38.06 in 3Q 2025) Third quarter 2026 results: EPS: JP¥39.00 (up from JP¥38.06 in 3Q 2025). Revenue: JP¥1.41b (up 6.8% from 3Q 2025). Net income: JP¥163.0m (up 2.5% from 3Q 2025). Profit margin: 12% (in line with 3Q 2025). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year. Announcement • Nov 29
XNET Corporation to Report Q3, 2026 Results on Jan 30, 2026 XNET Corporation announced that they will report Q3, 2026 results on Jan 30, 2026 Reported Earnings • Nov 02
Second quarter 2026 earnings released: EPS: JP¥7.18 (vs JP¥34.27 in 2Q 2025) Second quarter 2026 results: EPS: JP¥7.18 (down from JP¥34.27 in 2Q 2025). Revenue: JP¥1.41b (up 8.4% from 2Q 2025). Net income: JP¥30.0m (down 79% from 2Q 2025). Profit margin: 2.1% (down from 11% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 13% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥22.50 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Announcement • Sep 10
XNET Corporation to Report Q2, 2026 Results on Oct 31, 2025 XNET Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥37.32 (vs JP¥21.54 in 1Q 2025) First quarter 2026 results: EPS: JP¥37.32 (up from JP¥21.54 in 1Q 2025). Revenue: JP¥1.35b (up 1.4% from 1Q 2025). Net income: JP¥156.0m (up 31% from 1Q 2025). Profit margin: 12% (up from 8.9% in 1Q 2025). The increase in margin was primarily driven by lower expenses. 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 29
XNET Corporation to Report Q1, 2026 Results on Jul 31, 2025 XNET Corporation announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 01
Full year 2025 earnings released: EPS: JP¥129 (vs JP¥89.69 in FY 2024) Full year 2025 results: EPS: JP¥129. Revenue: JP¥5.30b (down 4.5% from FY 2024). Net income: JP¥581.0m (down 22% from FY 2024). Profit margin: 11% (down from 13% in FY 2024). The decrease in margin was driven by lower revenue. Announcement • Apr 30
XNET Corporation, Annual General Meeting, Jun 27, 2025 XNET Corporation, Annual General Meeting, Jun 27, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥22.50 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Announcement • Mar 01
XNET Corporation to Report Fiscal Year 2025 Results on Apr 30, 2025 XNET Corporation announced that they will report fiscal year 2025 results on Apr 30, 2025 Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥38.06 (vs JP¥23.00 in 3Q 2024) Third quarter 2025 results: EPS: JP¥38.06. Revenue: JP¥1.32b (down 5.5% from 3Q 2024). Net income: JP¥159.0m (down 16% from 3Q 2024). Profit margin: 12% (down from 14% in 3Q 2024). The decrease in margin was driven by lower revenue. Announcement • Jan 03
XNET Corporation to Report Q3, 2025 Results on Jan 31, 2025 XNET Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥34.27 (vs JP¥26.39 in 2Q 2024) Second quarter 2025 results: EPS: JP¥34.27. Revenue: JP¥1.31b (down 8.7% from 2Q 2024). Net income: JP¥143.0m (down 34% from 2Q 2024). Profit margin: 11% (down from 15% in 2Q 2024). The decrease in margin was driven by lower revenue. Announcement • Sep 27
XNET Corporation to Report Q2, 2025 Results on Oct 31, 2024 XNET Corporation announced that they will report Q2, 2025 results on Oct 31, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥22.50 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥21.54 (vs JP¥19.25 in 1Q 2024) First quarter 2025 results: EPS: JP¥21.54. Revenue: JP¥1.33b (flat on 1Q 2024). Net income: JP¥119.0m (down 25% from 1Q 2024). Profit margin: 8.9% (down from 12% in 1Q 2024). Reported Earnings • May 01
Full year 2024 earnings released: EPS: JP¥89.69 (vs JP¥84.00 in FY 2023) Full year 2024 results: EPS: JP¥89.69 (up from JP¥84.00 in FY 2023). Revenue: JP¥5.55b (up 3.5% from FY 2023). Net income: JP¥741.0m (up 6.8% from FY 2023). Profit margin: 13% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 01
XNET Corporation (TSE:4762) announces an Equity Buyback for 4,109,500 shares, representing 49.74% for ¥5,999.87 million. XNET Corporation (TSE:4762) announces a share repurchase program. Under the program, the company will repurchase up to 4,109,500 shares, representing 49.74% of its issued share capital (excluding treasury stock), for ¥94.88 million. The shares will be repurchased at a price of ¥1,460 per share. The purpose of the program is to reduce the impact on shareholders through the deterioration of supply and demand in the stock market due to the large-scale offering of company's shares on the stock market, to improve capital efficiency, to realize shareholder returns, to realize flexible and stable business operations. As of March 31, 2024, the company had 8,261,552 shares in issue (excluding treasury stock) and 48 shares in treasury. New Risk • Apr 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 8.0% 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 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 (8.0% average weekly change). Market cap is less than US$100m (JP¥12.1b market cap, or US$76.9m). Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥1,460, the stock trades at a trailing P/E ratio of 15.9x. Average trailing P/E is 22x in the Software industry in Japan. Total returns to shareholders of 58% over the past three years. Announcement • Apr 05
XNET Corporation to Report Fiscal Year 2024 Results on Apr 30, 2024 XNET Corporation announced that they will report fiscal year 2024 results on Apr 30, 2024 Announcement • Mar 28
XNET Corporation to Report Fiscal Year 2024 Results on Jun 28, 2024 XNET Corporation announced that they will report fiscal year 2024 results on Jun 28, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.3%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥23.00 (vs JP¥19.25 in 3Q 2023) Third quarter 2024 results: EPS: JP¥23.00 (up from JP¥19.25 in 3Q 2023). Revenue: JP¥1.40b (up 6.1% from 3Q 2023). Net income: JP¥190.0m (up 20% from 3Q 2023). Profit margin: 14% (up from 12% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year. Announcement • Nov 27
XNET Corporation to Report Q3, 2024 Results on Jan 31, 2024 XNET Corporation announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥26.39 (vs JP¥22.39 in 2Q 2023) Second quarter 2024 results: EPS: JP¥26.39 (up from JP¥22.39 in 2Q 2023). Revenue: JP¥1.43b (up 6.6% from 2Q 2023). Net income: JP¥218.0m (up 18% from 2Q 2023). Profit margin: 15% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥15.00 per share at 2.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.7%). Announcement • Aug 30
XNET Corporation to Report Q2, 2024 Results on Oct 30, 2023 XNET Corporation announced that they will report Q2, 2024 results on Oct 30, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥19.25 (vs JP¥19.13 in 1Q 2023) First quarter 2024 results: EPS: JP¥19.25 (up from JP¥19.13 in 1Q 2023). Revenue: JP¥1.33b (flat on 1Q 2023). Net income: JP¥159.0m (flat on 1Q 2023). Profit margin: 12% (in line with 1Q 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jun 28
XNET Corporation to Report Q1, 2024 Results on Jul 28, 2023 XNET Corporation announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: JP¥84.00 (vs JP¥86.91 in FY 2022) Full year 2023 results: EPS: JP¥84.00 (down from JP¥86.91 in FY 2022). Revenue: JP¥5.36b (down 1.1% from FY 2022). Net income: JP¥694.0m (down 3.3% from FY 2022). Profit margin: 13% (in line with FY 2022). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥19.25 (vs JP¥28.20 in 3Q 2022) Third quarter 2023 results: EPS: JP¥19.25 (down from JP¥28.20 in 3Q 2022). Revenue: JP¥1.32b (down 7.2% from 3Q 2022). Net income: JP¥159.0m (down 32% from 3Q 2022). Profit margin: 12% (down from 16% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Dec 01
XNET Corporation to Report Q3, 2023 Results on Jan 31, 2023 XNET Corporation announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Nov 19
Second quarter 2023 earnings released: EPS: JP¥22.39 (vs JP¥19.49 in 2Q 2022) Second quarter 2023 results: EPS: JP¥22.39 (up from JP¥19.49 in 2Q 2022). Revenue: JP¥1.34b (flat on 2Q 2022). Net income: JP¥185.0m (up 15% from 2Q 2022). Profit margin: 14% (up from 12% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
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. 4 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Outside Director Etsuko Nakajima was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥22.39 (vs JP¥19.49 in 2Q 2022) Second quarter 2023 results: EPS: JP¥22.39 (up from JP¥19.49 in 2Q 2022). Revenue: JP¥1.34b (flat on 2Q 2022). Net income: JP¥185.0m (up 15% from 2Q 2022). Profit margin: 14% (up from 12% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 28
XNET Corporation to Report Q2, 2023 Results on Oct 28, 2022 XNET Corporation announced that they will report Q2, 2023 results on Oct 28, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥19.13 (vs JP¥14.04 in 1Q 2022) First quarter 2023 results: EPS: JP¥19.13 (up from JP¥14.04 in 1Q 2022). Revenue: JP¥1.34b (up 3.0% from 1Q 2022). Net income: JP¥158.0m (up 36% from 1Q 2022). Profit margin: 12% (up from 8.9% in 1Q 2022). 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 2% per year, which means it is significantly lagging earnings growth. Announcement • Jun 29
XNET Corporation to Report Q1, 2023 Results on Jul 29, 2022 XNET Corporation announced that they will report Q1, 2023 results on Jul 29, 2022 Announcement • May 02
XNET Corporation, Annual General Meeting, Jun 28, 2022 XNET Corporation, Annual General Meeting, Jun 28, 2022. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥86.91 (vs JP¥69.72 in FY 2021) Full year 2022 results: EPS: JP¥86.91 (up from JP¥69.72 in FY 2021). Revenue: JP¥5.42b (up 7.5% from FY 2021). Net income: JP¥718.0m (up 25% from FY 2021). Profit margin: 13% (up from 11% in FY 2021). The increase in margin 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 only increased by 2% per year, which means it is significantly lagging earnings growth. 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. 9 experienced directors. 3 highly experienced directors. 3 independent directors (6 non-independent directors). Independent Outside Director Etsuko Nakajima was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 08
XNET Corporation to Report Fiscal Year 2022 Results on Apr 28, 2022 XNET Corporation announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Reported Earnings • Jan 28
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥28.20 (up from JP¥17.67 in 3Q 2021). Revenue: JP¥1.42b (up 11% from 3Q 2021). Net income: JP¥233.0m (up 60% from 3Q 2021). Profit margin: 16% (up from 11% 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 15% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥19.49 (vs JP¥15.61 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥1.33b (up 9.1% from 2Q 2021). Net income: JP¥161.0m (up 25% from 2Q 2021). Profit margin: 12% (up from 11% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 30 November 2021. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.2%). Reported Earnings • May 02
Full year 2021 earnings released: EPS JP¥69.72 (vs JP¥62.34 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥5.04b (up 7.9% from FY 2020). Net income: JP¥576.0m (up 12% from FY 2020). Profit margin: 11% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. The company last paid an ordinary dividend in April 2012. The average dividend yield among industry peers is 1.3%. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,207, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 30x in the IT industry in Japan. Total returns to shareholders of 49% over the past three years. Announcement • Mar 04
XNET Corporation to Report Fiscal Year 2021 Results on Apr 30, 2021 XNET Corporation announced that they will report fiscal year 2021 results on Apr 30, 2021 Is New 90 Day High Low • Mar 02
New 90-day high: JP¥1,019 The company is up 4.0% from its price of JP¥979 on 02 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is flat over the same period. Reported Earnings • Feb 19
Third quarter 2021 earnings released: EPS JP¥17.67 (vs JP¥10.17 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.29b (up 14% from 3Q 2020). Net income: JP¥146.0m (up 74% from 3Q 2020). Profit margin: 11% (up from 7.5% in 3Q 2020). 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 increased by 3% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥959 The company is down 5.0% from its price of JP¥1,005 on 23 September 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 1.0% over the same period. Announcement • Sep 04
XNET Corporation to Report Q2, 2021 Results on Oct 28, 2020 XNET Corporation announced that they will report Q2, 2021 results on Oct 28, 2020