Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥921, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 16x in the Software industry in Japan. Total loss to shareholders of 39% over the past year. New Risk • Mar 30
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 9.3% 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 Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (8.5% net profit margin). Market cap is less than US$100m (JP¥8.84b market cap, or US$55.4m). Announcement • Feb 19
Fast Accounting Co.,Ltd. (TSE:5588) announces an Equity Buyback for 194,000 shares, representing 1.73% for ¥150 million. Fast Accounting Co.,Ltd. (TSE:5588) announces a share repurchase program. Under the program, the company will repurchase up to 194,000 shares, representing 1.73% of its issued share capital, for ¥150 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency, as well as to enable the implementation of flexible capital policies. The program is valid till March 24, 2026. As of December 31, 2025, the company had 11,215,945 shares (excluding treasury shares) and 175 shares in treasury. New Risk • Feb 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 8.5% Last year net profit margin: 27% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Profit margins are more than 30% lower than last year (8.5% net profit margin). Market cap is less than US$100m (JP¥9.12b market cap, or US$59.7m). Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥18.27 (vs JP¥43.24 in FY 2024) Full year 2025 results: EPS: JP¥18.27 (down from JP¥43.24 in FY 2024). Revenue: JP¥2.37b (up 39% from FY 2024). Net income: JP¥202.0m (down 57% from FY 2024). Profit margin: 8.5% (down from 27% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Software industry in Japan. Announcement • Feb 15
Fast Accounting Co.,Ltd. Revises Year-End Dividend Guidance for the Fiscal Year Ending December 31, 2025 Fast Accounting Co.,Ltd. at its meeting of the Board of Directors held on February 13, 2026, revised year-end dividend guidance for the fiscal year ending December 31, 2025. For the year, the company expects to pay dividend of JPY 3.70 per share compared to previous guidance of JPY 3.00 per share. Announcement • Feb 13
Fast Accounting Co.,Ltd., Annual General Meeting, Mar 27, 2026 Fast Accounting Co.,Ltd., Annual General Meeting, Mar 27, 2026. Buy Or Sell Opportunity • Jan 29
Now 20% overvalued Over the last 90 days, the stock has fallen 18% to JP¥1,025. The fair value is estimated to be JP¥854, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 74% in 2 years. Earnings are forecast to decline by 42% in the next 2 years. Buy Or Sell Opportunity • Jan 07
Now 27% overvalued Over the last 90 days, the stock has fallen 15% to JP¥1,113. The fair value is estimated to be JP¥880, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 74% in 2 years. Earnings are forecast to decline by 42% in the next 2 years. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 13 March 2026. Trailing yield: 0.1%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%). Buy Or Sell Opportunity • Dec 04
Now 20% overvalued Over the last 90 days, the stock has fallen 26% to JP¥1,056. The fair value is estimated to be JP¥880, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 74% in 2 years. Earnings are forecast to decline by 42% in the next 2 years. New Risk • Nov 19
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 12% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (JP¥12.5b market cap, or US$80.4m). New Risk • Nov 18
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: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (JP¥13.3b market cap, or US$85.6m). Announcement • Oct 01
Fast Accounting Co.,Ltd. to Report Q3, 2025 Results on Nov 14, 2025 Fast Accounting Co.,Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025 New Risk • Sep 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.7b (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Market cap is less than US$100m (JP¥14.7b market cap, or US$99.2m). Announcement • Jun 27
Fast Accounting Co.,Ltd. to Report Q2, 2025 Results on Aug 14, 2025 Fast Accounting Co.,Ltd. announced that they will report Q2, 2025 results on Aug 14, 2025 Announcement • Apr 17
Fast Accounting Announces the Launch of Deep Dean Fast Accounting announced the launch of "Deep Dean," a proprietary AI model designed to transform how businesses manage accounting, tax, and finance operations. Purpose-built using an internally developed large language model (LLM), Deep Dean has demonstrated passing-level performance across U.S. CPA (USCPA) exam standards -- outperforming general-purpose AI models like GPT-4o in specialized tasks. Performance Comparison Between Deep Dean and GPT-4o: Compared to the highly versatile GPT-4o, Deep Dean demonstrates a higher degree of specialization and consistently maintains high performance levels that meet or exceed the passing standard. The announcement marks a major milestone in Fast Accounting's ongoing mission to achieve "Accounting Singularity" - the point where AI exceeds human capabilities in accounting processes. Deep Dean was developed to address the specialized demands of accounting and finance professionals. To benchmark its expertise, Fast Accounting tested Deep Dean against publicly available questions from the 2024 U.S. CPA exam, evaluating both multiple-choice and task-based simulation (TBS) sections across six subjects. While the U.S. CPA test includes unscored pretest questions, Fast Accounting sets a rigorous new standard: achieving 90% accuracy per section, compared to the 75% benchmark typically required for passing. Deep Dean exceeded expectations, delivering 90% or higher accuracy in five of six subjects -- including all three core subjects: FAR (Financial Accounting and Reporting); AUD (Auditing and Attestation); REG (Regulation). The AI maintained an 86% accuracy rate in the sixth subject, demonstrating mastery across a broad range of accounting competencies. In comparison testing, Deep Dean consistently outperformed GPT-4o, a leading general-purpose AI, in accounting-specific tasks. Fast Accounting established its U.S. presence in February 2025 to support U.S. enterprises seeking next-generation accounting automation solutions. With Deep Dean's proven ability to meet U.S. CPA standards, the company is well-positioned to help organizations automate labor-intensive tasks, mitigate fraud/human error, and free accounting professionals to focus on more strategic work. Future developments will further expand Deep Dean's capabilities into areas such as advanced bookkeeping and consolidated accounting. Announcement • Apr 08
Fast Accounting Co.,Ltd. to Report Q1, 2025 Results on May 15, 2025 Fast Accounting Co.,Ltd. announced that they will report Q1, 2025 results on May 15, 2025 New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.8b (US$94.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risk Market cap is less than US$100m (JP¥13.8b market cap, or US$94.2m). Announcement • Feb 14
Fast Accounting Co.,Ltd., Annual General Meeting, Mar 27, 2025 Fast Accounting Co.,Ltd., Annual General Meeting, Mar 27, 2025. Announcement • Jan 19
Fast Accounting Co.,Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025 Fast Accounting Co.,Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025 New Risk • Jan 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.5% 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: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Announcement • Jan 10
Wojciech Jakub Podobas acquired 6% stake in Fast Accounting Co.,Ltd. (TSE:5588). Wojciech Jakub Podobas acquired 6% stake in Fast Accounting Co.,Ltd. (TSE:5588) on January 9, 2025. A cash consideration will be paid by the Wojciech Jakub Podobas.
Wojciech Jakub Podobas completed the acquisition of 6% stake in Fast Accounting Co.,Ltd. (TSE:5588) on January 9, 2025. Announcement • Feb 16
Fast Accounting Co.,Ltd., Annual General Meeting, Mar 27, 2024 Fast Accounting Co.,Ltd., Annual General Meeting, Mar 27, 2024. Announcement • Dec 05
Fast Accounting Co.,Ltd. to Report Fiscal Year 2023 Results on Feb 13, 2024 Fast Accounting Co.,Ltd. announced that they will report fiscal year 2023 results on Feb 13, 2024 Announcement • Sep 29
Fast Accounting Co.,Ltd. to Report Q3, 2023 Results on Nov 14, 2023 Fast Accounting Co.,Ltd. announced that they will report Q3, 2023 results on Nov 14, 2023 Announcement • Sep 23
Fast Accounting Co.,Ltd. has completed an IPO in the amount of ¥761.112 million. Fast Accounting Co.,Ltd. has completed an IPO in the amount of ¥761.112 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 473,600
Price\Range: ¥1320
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 103,000
Price\Range: ¥1320
Transaction Features: Sponsor Backed Offering Board Change • Sep 22
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Outside Director Kenichi Sugano was the last independent director to join the board, commencing their role in 2004. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.