Valuation Update With 7 Day Price Move • May 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,597, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 15x in the IT industry in Japan. Total loss to shareholders of 42% over the past three years. Buy Or Sell Opportunity • May 19
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.7% to JP¥2,296. The fair value is estimated to be JP¥1,902, however this is not to be taken as a sell 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 16%. Reported Earnings • May 13
Third quarter 2026 earnings released: EPS: JP¥23.57 (vs JP¥51.69 in 3Q 2025) Third quarter 2026 results: EPS: JP¥23.57 (down from JP¥51.69 in 3Q 2025). Revenue: JP¥688.0m (up 32% from 3Q 2025). Net income: JP¥30.0m (down 55% from 3Q 2025). Profit margin: 4.4% (down from 13% in 3Q 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 but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,458, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 15x in the IT industry in Japan. Total loss to shareholders of 52% over the past three years. Reported Earnings • Feb 16
Second quarter 2026 earnings released: EPS: JP¥20.53 (vs JP¥47.06 in 2Q 2025) Second quarter 2026 results: EPS: JP¥20.53 (down from JP¥47.06 in 2Q 2025). Revenue: JP¥561.0m (up 14% from 2Q 2025). Net income: JP¥26.0m (down 57% from 2Q 2025). Profit margin: 4.6% (down from 12% in 2Q 2025). The decrease in margin was driven by higher expenses. Announcement • Dec 03
Fusic Co., Ltd. to Report Q2, 2026 Results on Feb 13, 2026 Fusic Co., Ltd. announced that they will report Q2, 2026 results on Feb 13, 2026 Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,286, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 19% over the past year. Reported Earnings • Nov 15
First quarter 2026 earnings released: EPS: JP¥31.04 (vs JP¥17.30 in 1Q 2025) First quarter 2026 results: EPS: JP¥31.04 (up from JP¥17.30 in 1Q 2025). Revenue: JP¥532.0m (up 21% from 1Q 2025). Net income: JP¥39.0m (up 77% from 1Q 2025). Profit margin: 7.3% (up from 5.0% in 1Q 2025). The increase in margin was driven by higher revenue. New Risk • Sep 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility 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. It may also indicate 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.3% average weekly change). High level of non-cash earnings (23% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥4.00b market cap, or US$26.7m). Announcement • Sep 21
Fusic Co., Ltd. to Report Q1, 2026 Results on Nov 12, 2025 Fusic Co., Ltd. announced that they will report Q1, 2026 results on Nov 12, 2025 Valuation Update With 7 Day Price Move • Sep 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥2,630, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 17% over the past year. Reported Earnings • Aug 15
Full year 2025 earnings released: EPS: JP¥151 (vs JP¥123 in FY 2024) Full year 2025 results: EPS: JP¥151 (up from JP¥123 in FY 2024). Revenue: JP¥1.95b (up 8.6% from FY 2024). Net income: JP¥193.0m (up 25% from FY 2024). Profit margin: 9.9% (up from 8.6% in FY 2024). The increase in margin was driven by higher revenue. Announcement • Aug 12
Fusic Co., Ltd., Annual General Meeting, Sep 25, 2025 Fusic Co., Ltd., Annual General Meeting, Sep 25, 2025. Valuation Update With 7 Day Price Move • Jul 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,436, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 32% over the past year. Announcement • Jun 03
Fusic Co., Ltd. to Report Fiscal Year 2025 Results on Aug 12, 2025 Fusic Co., Ltd. announced that they will report fiscal year 2025 results on Aug 12, 2025 Announcement • May 30
Fusic Co., Ltd. (TSE:5256) announces an Equity Buyback for 25,000 shares, representing 1.96% for ¥50 million. Fusic Co., Ltd. (TSE:5256) announces a share repurchase program. Under the program, the company will repurchase up to 25,000 shares, representing 1.96% for ¥50 million. The purpose of the program is improving capital efficiency and returning profits to shareholders, implementing flexible capital policies such as M&A, and securing talented personnel by utilizing incentive plans for directors and employees. The program will be valid till August 31, 2025. As of May 30, 2025, the company had 1,277,240 shares (excluding treasury stock) issued and outstanding and 60 shares in treasury. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,281, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 35% over the past year. Reported Earnings • May 14
Third quarter 2025 earnings released: EPS: JP¥51.69 (vs JP¥51.02 in 3Q 2024) Third quarter 2025 results: EPS: JP¥51.69 (up from JP¥51.02 in 3Q 2024). Revenue: JP¥523.0m (up 1.9% from 3Q 2024). Net income: JP¥66.0m (up 3.1% from 3Q 2024). Profit margin: 13% (in line with 3Q 2024). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to JP¥1,908, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 15x in the IT industry in Japan. Total loss to shareholders of 44% over the past year. Announcement • Mar 18
Fusic Co., Ltd. to Report Q3, 2025 Results on May 12, 2025 Fusic Co., Ltd. announced that they will report Q3, 2025 results on May 12, 2025 Reported Earnings • Feb 12
Second quarter 2025 earnings released: EPS: JP¥47.06 (vs JP¥20.83 in 2Q 2024) Second quarter 2025 results: EPS: JP¥47.06 (up from JP¥20.83 in 2Q 2024). Revenue: JP¥494.0m (up 15% from 2Q 2024). Net income: JP¥60.0m (up 131% from 2Q 2024). Profit margin: 12% (up from 6.0% in 2Q 2024). The increase in margin was driven by higher revenue. New Risk • Dec 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 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). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Market cap is less than US$100m (JP¥3.58b market cap, or US$22.7m). Valuation Update With 7 Day Price Move • Dec 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,800, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 23% over the past year. New Risk • Dec 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Market cap is less than US$100m (JP¥2.97b market cap, or US$18.9m). Announcement • Dec 19
Fusic Co., Ltd. to Report Q2, 2025 Results on Feb 10, 2025 Fusic Co., Ltd. announced that they will report Q2, 2025 results on Feb 10, 2025 Reported Earnings • Nov 14
First quarter 2025 earnings released: EPS: JP¥17.30 (vs JP¥38.56 in 1Q 2024) First quarter 2025 results: EPS: JP¥17.30 (down from JP¥38.56 in 1Q 2024). Revenue: JP¥441.0m (flat on 1Q 2024). Net income: JP¥22.0m (down 54% from 1Q 2024). Profit margin: 5.0% (down from 11% in 1Q 2024). Announcement • Sep 25
Fusic Co., Ltd. to Report Q1, 2025 Results on Nov 11, 2024 Fusic Co., Ltd. announced that they will report Q1, 2025 results on Nov 11, 2024 Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 43% After last week's 43% share price gain to JP¥4,005, the stock trades at a trailing P/E ratio of 33.1x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 17% over the past year. Announcement • Aug 09
Fusic Co., Ltd., Annual General Meeting, Sep 20, 2024 Fusic Co., Ltd., Annual General Meeting, Sep 20, 2024. Buy Or Sell Opportunity • Aug 07
Now 24% overvalued Over the last 90 days, the stock has fallen 32% to JP¥2,340. The fair value is estimated to be JP¥1,888, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 62%. 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¥2,301, the stock trades at a trailing P/E ratio of 20.6x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 55% over the past year. New Risk • Aug 02
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 5.6% 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 (5.6% average weekly change). Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Market cap is less than US$100m (JP¥3.56b market cap, or US$23.9m). New Risk • Jun 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (2.0% increase in shares outstanding). Market cap is less than US$100m (JP¥4.29b market cap, or US$26.9m). Reported Earnings • May 17
Third quarter 2024 earnings released: EPS: JP¥51.02 (vs JP¥3.25 in 3Q 2023) Third quarter 2024 results: EPS: JP¥51.02 (up from JP¥3.25 in 3Q 2023). Revenue: JP¥513.0m (up 37% from 3Q 2023). Net income: JP¥64.0m (up JP¥60.0m from 3Q 2023). Profit margin: 13% (up from 1.1% in 3Q 2023). The increase in margin was driven by higher revenue. Announcement • Mar 21
Fusic Co., Ltd. to Report Q3, 2024 Results on May 13, 2024 Fusic Co., Ltd. announced that they will report Q3, 2024 results on May 13, 2024 Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥4,580, the stock trades at a trailing P/E ratio of 59.2x. Average trailing P/E is 19x in the IT industry in Japan. Reported Earnings • Feb 16
Second quarter 2024 earnings released: EPS: JP¥20.83 (vs JP¥3.25 in 2Q 2023) Second quarter 2024 results: EPS: JP¥20.83 (up from JP¥3.25 in 2Q 2023). Revenue: JP¥431.0m (up 15% from 2Q 2023). Net income: JP¥26.0m (up JP¥22.0m from 2Q 2023). Profit margin: 6.0% (up from 1.1% in 2Q 2023). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥4,305, the stock trades at a trailing P/E ratio of 48.7x. Average trailing P/E is 19x in the IT industry in Japan. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥3,740, the stock trades at a trailing P/E ratio of 42.3x. Average trailing P/E is 18x in the IT industry in Japan. Announcement • Nov 30
Fusic Co., Ltd. to Report Q2, 2024 Results on Feb 13, 2024 Fusic Co., Ltd. announced that they will report Q2, 2024 results on Feb 13, 2024 Reported Earnings • Nov 12
First quarter 2024 earnings released First quarter 2024 results: EPS: JP¥38.56. Net income: JP¥48.0m (up JP¥48.0m from 1Q 2023). Announcement • Sep 10
Fusic Co., Ltd. to Report Q1, 2024 Results on Nov 10, 2023 Fusic Co., Ltd. announced that they will report Q1, 2024 results on Nov 10, 2023 Reported Earnings • Aug 12
Full year 2023 earnings released: EPS: JP¥95.37 (vs JP¥44.00 in FY 2022) Full year 2023 results: EPS: JP¥95.37 (up from JP¥44.00 in FY 2022). Revenue: JP¥1.53b (up 36% from FY 2022). Net income: JP¥101.0m (up 130% from FY 2022). Profit margin: 6.6% (up from 3.9% in FY 2022). The increase in margin was driven by higher revenue. Announcement • Aug 12
Fusic Co., Ltd., Annual General Meeting, Sep 27, 2023 Fusic Co., Ltd., Annual General Meeting, Sep 27, 2023. Announcement • Jun 26
Fusic Co., Ltd. to Report Fiscal Year 2023 Results on Aug 10, 2023 Fusic Co., Ltd. announced that they will report fiscal year 2023 results on Aug 10, 2023