Declared Dividend • May 11
Dividend of JP¥38.00 announced Shareholders will receive a dividend of JP¥38.00. Ex-date: 29th September 2026 Payment date: 18th December 2026 Dividend yield will be 2.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (57% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 32% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. 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 • May 09
Second quarter 2026 earnings released: EPS: JP¥22.61 (vs JP¥31.29 in 2Q 2025) Second quarter 2026 results: EPS: JP¥22.61 (down from JP¥31.29 in 2Q 2025). Revenue: JP¥2.82b (down 4.7% from 2Q 2025). Net income: JP¥262.1m (down 28% from 2Q 2025). Profit margin: 9.3% (down from 12% in 2Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.5% 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 fallen by 22% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • May 08
E-Guardian Inc. to Report Q2, 2026 Results on May 08, 2026 E-Guardian Inc. announced that they will report Q2, 2026 results on May 08, 2026 Buy Or Sell Opportunity • Mar 18
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.0% to JP¥1,668. The fair value is estimated to be JP¥1,387, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.7% over the last 3 years. Earnings per share has declined by 23%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to decline by 2.6% in the next 2 years. New Risk • Feb 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.5% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 05
First quarter 2026 earnings released: EPS: JP¥9.56 (vs JP¥21.27 in 1Q 2025) First quarter 2026 results: EPS: JP¥9.56 (down from JP¥21.27 in 1Q 2025). Revenue: JP¥2.64b (down 9.1% from 1Q 2025). Net income: JP¥110.9m (down 55% from 1Q 2025). Profit margin: 4.2% (down from 8.4% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.0% 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 fallen by 23% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Dec 20
E-Guardian Inc. to Report Q1, 2026 Results on Feb 03, 2026 E-Guardian Inc. announced that they will report Q1, 2026 results on Feb 03, 2026 Board Change • Dec 14
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Nao Kawamura was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥81.50 (down from JP¥92.02 in FY 2024). Revenue: JP¥11.3b (flat on FY 2024). Net income: JP¥943.0m (down 11% from FY 2024). Profit margin: 8.3% (down from 9.3% in FY 2024). Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 7.6% p.a. on average during the next 2 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 fallen by 23% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Announcement • Nov 07
E-Guardian Inc., Annual General Meeting, Dec 17, 2025 E-Guardian Inc., Annual General Meeting, Dec 17, 2025. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,790, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the IT industry in Japan. Total loss to shareholders of 38% over the past three years. Announcement • Sep 25
E-Guardian Inc. to Report Fiscal Year 2025 Results on Nov 07, 2025 E-Guardian Inc. announced that they will report fiscal year 2025 results on Nov 07, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 19 December 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 02
Third quarter 2025 earnings released: EPS: JP¥15.01 (vs JP¥23.06 in 3Q 2024) Third quarter 2025 results: EPS: JP¥15.01 (down from JP¥23.06 in 3Q 2024). Revenue: JP¥2.74b (flat on 3Q 2024). Net income: JP¥174.0m (down 35% from 3Q 2024). Profit margin: 6.3% (down from 9.6% in 3Q 2024). Revenue is forecast to grow 7.0% 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 fallen by 23% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Announcement • Jun 27
E-Guardian Inc. to Report Q3, 2025 Results on Aug 01, 2025 E-Guardian Inc. announced that they will report Q3, 2025 results on Aug 01, 2025 Declared Dividend • May 14
Dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 29th September 2025 Payment date: 19th December 2025 Dividend yield will be 1.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (32% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 33% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 13
Second quarter 2025 earnings released: EPS: JP¥31.29 (vs JP¥27.76 in 2Q 2024) Second quarter 2025 results: EPS: JP¥31.29 (up from JP¥27.76 in 2Q 2024). Revenue: JP¥2.96b (up 2.8% from 2Q 2024). Net income: JP¥361.7m (up 13% from 2Q 2024). Profit margin: 12% (up from 11% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% 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 fallen by 22% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Mar 27
E-Guardian Inc. to Report Q2, 2025 Results on May 12, 2025 E-Guardian Inc. announced that they will report Q2, 2025 results on May 12, 2025 New Risk • Feb 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 5.2% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 04
First quarter 2025 earnings released: EPS: JP¥21.24 (vs JP¥19.02 in 1Q 2024) First quarter 2025 results: EPS: JP¥21.24 (up from JP¥19.02 in 1Q 2024). Revenue: JP¥2.91b (up 2.4% from 1Q 2024). Net income: JP¥245.0m (up 13% from 1Q 2024). Profit margin: 8.4% (up from 7.6% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% 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 fallen by 19% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Jan 09
Now 21% undervalued The stock has been flat over the last 90 days, currently trading at JP¥1,840. The fair value is estimated to be JP¥2,326, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has declined by 12%. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings are also forecast to grow by 7.0% per annum over the same time period. Announcement • Jan 03
E-Guardian Inc. to Report Q1, 2025 Results on Feb 03, 2025 E-Guardian Inc. announced that they will report Q1, 2025 results on Feb 03, 2025 Announcement • Nov 13
E-Guardian Inc. Announces Management Directors Retirements E-Guardian Inc. announced retirement of Yutaka Mizobe-Senior Managing Director and Masayoshi Mase- Director, at the end of its 27th Annual Meeting of Stockholders to be held on December 18, 2024. Reported Earnings • Nov 08
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: JP¥92.02 (down from JP¥123 in FY 2023). Revenue: JP¥11.4b (down 4.3% from FY 2023). Net income: JP¥1.06b (down 14% from FY 2023). Profit margin: 9.3% (down from 10% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.6%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Announcement • Nov 05
E-Guardian Inc., Annual General Meeting, Dec 18, 2024 E-Guardian Inc., Annual General Meeting, Dec 18, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 23 December 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Announcement • Aug 29
E-Guardian Inc. to Report Fiscal Year 2024 Results on Nov 05, 2024 E-Guardian Inc. announced that they will report fiscal year 2024 results on Nov 05, 2024 Reported Earnings • Aug 03
Third quarter 2024 earnings released: EPS: JP¥23.06 (vs JP¥27.47 in 3Q 2023) Third quarter 2024 results: EPS: JP¥23.06 (down from JP¥27.47 in 3Q 2023). Revenue: JP¥2.77b (down 5.7% from 3Q 2023). Net income: JP¥266.0m (down 3.3% from 3Q 2023). Profit margin: 9.6% (in line with 3Q 2023). Revenue is forecast to grow 7.3% 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 fallen by 6% 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 • Jul 24
Now 20% undervalued Over the last 90 days, the stock has risen 46% to JP¥2,008. The fair value is estimated to be JP¥2,515, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 7.9% in the next 2 years. New Risk • Jul 12
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 7.3% 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 (7.3% average weekly change). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Buy Or Sell Opportunity • Jul 02
Now 20% undervalued Over the last 90 days, the stock has risen 48% to JP¥2,012. The fair value is estimated to be JP¥2,522, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 7.9% in the next 2 years. Announcement • Jun 10
E-Guardian Inc. to Report Q3, 2024 Results on Aug 01, 2024 E-Guardian Inc. announced that they will report Q3, 2024 results on Aug 01, 2024 Reported Earnings • May 08
Second quarter 2024 earnings released: EPS: JP¥27.76 (vs JP¥31.99 in 2Q 2023) Second quarter 2024 results: EPS: JP¥27.76 (down from JP¥31.99 in 2Q 2023). Revenue: JP¥2.88b (down 7.5% from 2Q 2023). Net income: JP¥320.0m (flat on 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Revenue is forecast to grow 8.6% 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 1% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 08
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥1,675, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the IT industry in Japan. Total loss to shareholders of 35% over the past three years. New Risk • Apr 26
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.5b (US$99.0m) 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: Minor Risks Profit margins are more than 30% lower than last year (9.5% net profit margin). Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (JP¥15.5b market cap, or US$99.0m). Announcement • Mar 24
E-Guardian Inc. to Report Q2, 2024 Results on May 07, 2024 E-Guardian Inc. announced that they will report Q2, 2024 results on May 07, 2024 Price Target Changed • Feb 27
Price target decreased by 9.7% to JP¥2,800 Down from JP¥3,100, the current price target is provided by 1 analyst. New target price is 97% above last closing price of JP¥1,419. Stock is down 40% over the past year. The company is forecast to post earnings per share of JP¥104 for next year compared to JP¥123 last year. Announcement • Feb 08
E-Guardian Inc. Provides Dividend Guidance for the Year Ending September 30, 2024 E-Guardian Inc. provided dividend guidance for the fiscal year ending September 30, 2024. For the year, the company expects to pay a dividend of JPY 27.00 per share compared to JPY 26.00 per share paid a year ago. Reported Earnings • Feb 03
First quarter 2024 earnings released: EPS: JP¥19.02 (vs JP¥33.09 in 1Q 2023) First quarter 2024 results: EPS: JP¥19.02 (down from JP¥33.09 in 1Q 2023). Revenue: JP¥2.84b (down 6.5% from 1Q 2023). Net income: JP¥216.0m (down 35% from 1Q 2023). Profit margin: 7.6% (down from 11% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.6% 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 8% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 28
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥123 (down from JP¥168 in FY 2022). Revenue: JP¥11.9b (up 1.3% from FY 2022). Net income: JP¥1.23b (down 27% from FY 2022). Profit margin: 10% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 2.2%. Revenue is forecast to grow 8.4% 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 15% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Major Estimate Revision • Dec 12
Consensus EPS estimates fall by 23% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥13.1b to JP¥12.8b. EPS estimate also fell from JP¥135 per share to JP¥104 per share. Net income forecast to shrink 2.4% next year vs 16% growth forecast for IT industry in Japan . Consensus price target down from JP¥3,200 to JP¥3,100. Share price was steady at JP¥1,475 over the past week. Announcement • Nov 27
E-Guardian Inc. to Report Q1, 2024 Results on Feb 01, 2024 E-Guardian Inc. announced that they will report Q1, 2024 results on Feb 01, 2024 Announcement • Nov 08
E-Guardian Inc., Annual General Meeting, Dec 20, 2023 E-Guardian Inc., Annual General Meeting, Dec 20, 2023. Reported Earnings • Nov 07
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥123 (down from JP¥168 in FY 2022). Revenue: JP¥11.9b (up 1.3% from FY 2022). Net income: JP¥1.23b (down 27% from FY 2022). Profit margin: 10% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) exceeded analyst estimates by 2.2%. Revenue is forecast to grow 8.8% p.a. on average during the next 2 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 15% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Oct 12
E-Guardian Inc. announced that it has received ¥3.206675884 billion in funding from CHANGE Holdings,Inc. On October 11, 2023, E-Guardian Inc. closed the transaction. New Risk • Oct 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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 Risk Share price has been highly volatile over the past 3 months (9.1% average weekly change). Minor Risk Shareholders have been diluted in the past year (15% increase in shares outstanding). Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥2,064, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 38% over the past three years. New Risk • Oct 02
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 8.2% 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. This is currently the only risk that has been identified for the company. Announcement • Sep 29
E-Guardian Inc. to Report Fiscal Year 2023 Results on Nov 06, 2023 E-Guardian Inc. announced that they will report fiscal year 2023 results on Nov 06, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥26.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 22 December 2023. Payout ratio is a comfortable 8.7% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.5%). Announcement • Aug 04
E-Guardian Inc. announced that it expects to receive ¥3.206675884 billion in funding from CHANGE Holdings,Inc. E-Guardian Inc. announced a private placement of 1,527,716 common shares at an issue priced of ¥2,099 per share for the gross proceeds of ¥3,206,675,884 on August 2, 2023. The transaction will include participation from new investor CHANGE Holdings,Inc. The company will raise funding through third-party allotment method. The approval of the board of directors is still pending. The transaction will be expected to close in between October 11, 2023 and November 30, 2023. New Risk • Aug 04
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 7.7% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 03
Third quarter 2023 earnings released: EPS: JP¥27.47 (vs JP¥37.67 in 3Q 2022) Third quarter 2023 results: EPS: JP¥27.47 (down from JP¥37.67 in 3Q 2022). Revenue: JP¥2.94b (flat on 3Q 2022). Net income: JP¥275.0m (down 27% from 3Q 2022). Profit margin: 9.4% (down from 13% in 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥2,562, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 19% over the past three years. Announcement • Jun 15
E-Guardian Inc. to Report Q3, 2023 Results on Aug 02, 2023 E-Guardian Inc. announced that they will report Q3, 2023 results on Aug 02, 2023 Reported Earnings • May 10
Second quarter 2023 earnings released: EPS: JP¥31.99 (vs JP¥58.01 in 2Q 2022) Second quarter 2023 results: EPS: JP¥31.99 (down from JP¥58.01 in 2Q 2022). Revenue: JP¥3.11b (up 4.2% from 2Q 2022). Net income: JP¥321.0m (down 45% from 2Q 2022). Profit margin: 10% (down from 20% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% 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 26% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 10
E-Guardian Inc. (TSE:6050) announces an Equity Buyback for 200,000 shares, representing 1.99% for ¥500 million. E-Guardian Inc. (TSE:6050) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.99% of its issued share capital (excluding treasury stock), for a total purchase price of ¥500 million. The purpose of the program is to enhance shareholder returns, improve capital efficiency, and implement a flexible capital policy that responds to changes in the business environment. The program will be valid till June 30, 2023. As of March 31, 2023, the company had 10,033,192 issued shares (excluding treasury stock) and 372,608 treasury shares. Reported Earnings • Feb 02
First quarter 2023 earnings released: EPS: JP¥33.09 (vs JP¥38.17 in 1Q 2022) First quarter 2023 results: EPS: JP¥33.09 (down from JP¥38.17 in 1Q 2022). Revenue: JP¥3.04b (up 10% from 1Q 2022). Net income: JP¥332.0m (down 13% from 1Q 2022). Profit margin: 11% (down from 14% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 28
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥168 (up from JP¥107 in FY 2021). Revenue: JP¥11.8b (up 18% from FY 2021). Net income: JP¥1.69b (up 56% from FY 2021). Profit margin: 14% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.5%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Nov 30
E-Guardian Inc. to Report Q1, 2023 Results on Feb 01, 2023 E-Guardian Inc. announced that they will report Q1, 2023 results on Feb 01, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. No independent directors (7 non-independent directors). Director Makoto Miyasaka was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Nov 09
E-Guardian Inc., Annual General Meeting, Dec 21, 2022 E-Guardian Inc., Annual General Meeting, Dec 21, 2022. Reported Earnings • Nov 09
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥168 (up from JP¥107 in FY 2021). Revenue: JP¥11.8b (up 18% from FY 2021). Net income: JP¥1.69b (up 56% from FY 2021). Profit margin: 14% (up from 11% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.5%. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Sep 28
E-Guardian Inc. to Report Fiscal Year 2022 Results on Nov 07, 2022 E-Guardian Inc. announced that they will report fiscal year 2022 results on Nov 07, 2022 Reported Earnings • Aug 03
Third quarter 2022 earnings released: EPS: JP¥37.67 (vs JP¥32.97 in 3Q 2021) Third quarter 2022 results: EPS: JP¥37.67 (up from JP¥32.97 in 3Q 2021). Revenue: JP¥2.96b (up 21% from 3Q 2021). Net income: JP¥378.0m (up 13% from 3Q 2021). Profit margin: 13% (in line with 3Q 2021). Over the next year, revenue is forecast to grow 12%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Jun 01
E-Guardian Inc. to Report Q3, 2022 Results on Aug 02, 2022 E-Guardian Inc. announced that they will report Q3, 2022 results on Aug 02, 2022 Reported Earnings • May 11
Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2022 results: EPS: JP¥58.01 (up from JP¥28.24 in 2Q 2021). Revenue: JP¥2.99b (up 24% from 2Q 2021). Net income: JP¥582.0m (up 103% from 2Q 2021). Profit margin: 20% (up from 12% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.6%. Earnings per share (EPS) missed analyst estimates by 9.3%. Over the next year, revenue is forecast to grow 13%, compared to a 7.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Price Target Changed • Apr 27
Price target increased to JP¥4,750 Up from JP¥2,900, the current price target is provided by 1 analyst. New target price is 61% above last closing price of JP¥2,946. Stock is up 4.2% over the past year. The company is forecast to post earnings per share of JP¥160 for next year compared to JP¥107 last year. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 2 highly experienced directors. No independent directors (7 non-independent directors). Director Makoto Miyasaka was the last director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Feb 27
E-Guardian Inc. to Report Q2, 2022 Results on May 10, 2022 E-Guardian Inc. announced that they will report Q2, 2022 results on May 10, 2022 Reported Earnings • Feb 02
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: JP¥38.17 (up from JP¥19.35 in 1Q 2021). Revenue: JP¥2.75b (up 18% from 1Q 2021). Net income: JP¥383.0m (up 95% from 1Q 2021). Profit margin: 14% (up from 8.4% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) missed analyst estimates by 9.3%. Over the next year, revenue is forecast to grow 13%, compared to a 7.5% growth forecast for the industry in Japan. 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 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥3,755, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 24x in the IT industry in Japan. Total returns to shareholders of 56% over the past three years. Reported Earnings • Nov 13
Full year 2021 earnings released: EPS JP¥107 (vs JP¥96.77 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2021 results: Revenue: JP¥9.93b (up 27% from FY 2020). Net income: JP¥1.09b (up 11% from FY 2020). Profit margin: 11% (down from 13% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year and the company’s share price has also increased by 17% per year. 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: 18 December 2021. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (1.2%).