Reported Earnings • May 05
Full year 2026 earnings released: EPS: JP¥29.69 (vs JP¥19.98 in FY 2025) Full year 2026 results: EPS: JP¥29.69 (up from JP¥19.98 in FY 2025). Revenue: JP¥12.3b (up 6.1% from FY 2025). Net income: JP¥434.0m (up 49% from FY 2025). Profit margin: 3.5% (up from 2.5% 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 62% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Apr 30
SMN Corporation, Annual General Meeting, Jun 25, 2026 SMN Corporation, Annual General Meeting, Jun 25, 2026. Announcement • Apr 21
SMN Corporation to Report Fiscal Year 2026 Results on Apr 30, 2026 SMN Corporation announced that they will report fiscal year 2026 results on Apr 30, 2026 Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥4.65 (vs JP¥4.53 in 3Q 2025) Third quarter 2026 results: EPS: JP¥4.65 (up from JP¥4.53 in 3Q 2025). Revenue: JP¥3.10b (up 15% from 3Q 2025). Net income: JP¥68.0m (up 3.0% from 3Q 2025). Profit margin: 2.2% (down from 2.4% 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 48% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jan 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.8% to JP¥485. The fair value is estimated to be JP¥400, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Announcement • Dec 27
SMN Corporation to Report Q3, 2026 Results on Jan 30, 2026 SMN Corporation announced that they will report Q3, 2026 results on Jan 30, 2026 Buy Or Sell Opportunity • Nov 27
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.3% to JP¥479. The fair value is estimated to be JP¥394, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Nov 12
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 9.0% to JP¥484. The fair value is estimated to be JP¥395, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 02
Second quarter 2026 earnings released: EPS: JP¥6.98 (vs JP¥0.069 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥6.98 (up from JP¥0.069 loss in 2Q 2025). Revenue: JP¥2.95b (up 9.2% from 2Q 2025). Net income: JP¥102.0m (up JP¥103.0m from 2Q 2025). Profit margin: 3.5% (up from 0% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 01
SMN Corporation to Report Q2, 2026 Results on Oct 31, 2025 SMN Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 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¥482, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 14% over the past three years. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥1.23 (vs JP¥3.92 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥1.23 (up from JP¥3.92 loss in 1Q 2025). Revenue: JP¥2.73b (down 5.5% from 1Q 2025). Net income: JP¥18.0m (up JP¥75.0m from 1Q 2025). Profit margin: 0.7% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jun 27
SMN Corporation to Report Q1, 2026 Results on Jul 31, 2025 SMN Corporation announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • Jun 25
Full year 2025 earnings released: EPS: JP¥19.98 (vs JP¥70.75 loss in FY 2024) Full year 2025 results: EPS: JP¥19.98 (up from JP¥70.75 loss in FY 2024). Revenue: JP¥11.6b (up 25% from FY 2024). Net income: JP¥291.0m (up JP¥1.32b from FY 2024). Profit margin: 2.5% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥454, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 23% over the past three years. Reported Earnings • May 01
Full year 2025 earnings released: EPS: JP¥19.98 (vs JP¥70.75 loss in FY 2024) Full year 2025 results: EPS: JP¥19.98 (up from JP¥70.75 loss in FY 2024). Revenue: JP¥11.6b (up 25% from FY 2024). Net income: JP¥291.0m (up JP¥1.32b from FY 2024). Profit margin: 2.5% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Announcement • Apr 30
SMN Corporation, Annual General Meeting, Jun 23, 2025 SMN Corporation, Annual General Meeting, Jun 23, 2025. Announcement • Mar 01
SMN Corporation to Report Fiscal Year 2025 Results on Apr 30, 2025 SMN 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¥4.53 (vs JP¥5.92 in 3Q 2024) Third quarter 2025 results: EPS: JP¥4.53 (down from JP¥5.92 in 3Q 2024). Revenue: JP¥2.70b (up 9.1% from 3Q 2024). Net income: JP¥66.0m (down 23% from 3Q 2024). Profit margin: 2.4% (down from 3.5% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 60% 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 • Dec 12
SMN Corporation to Report Q3, 2025 Results on Jan 31, 2025 SMN Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 New Risk • Nov 20
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 9.4% 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 (9.4% average weekly change). Earnings have declined by 73% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥5.13b market cap, or US$32.9m). Reported Earnings • Nov 02
Second quarter 2025 earnings released: JP¥0.069 loss per share (vs JP¥9.01 loss in 2Q 2024) Second quarter 2025 results: JP¥0.069 loss per share (improved from JP¥9.01 loss in 2Q 2024). Revenue: JP¥2.70b (up 31% from 2Q 2024). Net loss: JP¥1.00m (loss narrowed 99% from 2Q 2024). Profit margin: 0% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Announcement • Sep 20
SMN Corporation to Report Q2, 2025 Results on Oct 31, 2024 SMN Corporation announced that they will report Q2, 2025 results on Oct 31, 2024 Announcement • Aug 06
YRGLM Inc. (TSE:3690) agreed to acquire Ruby Groupe, Inc. from SMN Corporation (TSE:6185) for ¥480 million. YRGLM Inc. (TSE:3690) agreed to acquire Ruby Groupe, Inc. from SMN Corporation (TSE:6185) for ¥480 million on August 5, 2024. A cash consideration of ¥480 million will be paid by YRGLM Inc. As part of consideration, ¥480 million is paid towards common equity of Ruby Groupe, Inc.
As of March 31, 2024, Ruby Groupe, Inc. reported total assets of ¥826 million and total common equity of ¥498 million.
The expected completion of the transaction is September 30, 2024. Reported Earnings • Aug 03
First quarter 2025 earnings released: JP¥3.92 loss per share (vs JP¥10.62 loss in 1Q 2024) First quarter 2025 results: JP¥3.92 loss per share (improved from JP¥10.62 loss in 1Q 2024). Revenue: JP¥2.89b (up 39% from 1Q 2024). Net loss: JP¥57.0m (loss narrowed 63% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Announcement • Jun 19
SMN Corporation to Report Q1, 2025 Results on Jul 31, 2024 SMN Corporation announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 01
Full year 2024 earnings released: JP¥70.75 loss per share (vs JP¥8.29 loss in FY 2023) Full year 2024 results: JP¥70.75 loss per share (further deteriorated from JP¥8.29 loss in FY 2023). Revenue: JP¥9.34b (down 21% from FY 2023). Net loss: JP¥1.03b (loss widened JP¥911.0m from FY 2023). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Announcement • Mar 16
SMN Corporation to Report Fiscal Year 2024 Results on Apr 30, 2024 SMN Corporation announced that they will report fiscal year 2024 results on Apr 30, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥5.92 (vs JP¥7.17 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥5.92 (up from JP¥7.17 loss in 3Q 2023). Revenue: JP¥2.80b (up 2.8% from 3Q 2023). Net income: JP¥86.0m (up JP¥190.0m from 3Q 2023). Profit margin: 3.1% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Announcement • Dec 28
SMN Corporation to Report Q3, 2024 Results on Jan 31, 2024 SMN Corporation announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: JP¥9.01 loss per share (vs JP¥4.27 loss in 2Q 2023) Second quarter 2024 results: JP¥9.01 loss per share (further deteriorated from JP¥4.27 loss in 2Q 2023). Revenue: JP¥2.35b (down 18% from 2Q 2023). Net loss: JP¥131.0m (loss widened 118% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. New Risk • Oct 05
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. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 65% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (JP¥6.09b market cap, or US$40.9m). Announcement • Oct 02
SMN Corporation to Report Q2, 2024 Results on Oct 31, 2023 SMN Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Board Change • Aug 04
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 Toshiyuki Honma 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 • Aug 01
First quarter 2024 earnings released: JP¥10.62 loss per share (vs JP¥5.98 loss in 1Q 2023) First quarter 2024 results: JP¥10.62 loss per share (further deteriorated from JP¥5.98 loss in 1Q 2023). Revenue: JP¥2.33b (down 26% from 1Q 2023). Net loss: JP¥154.0m (loss widened 93% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 29
Full year 2023 earnings released: JP¥8.29 loss per share (vs JP¥17.39 loss in FY 2022) Full year 2023 results: JP¥8.29 loss per share (improved from JP¥17.39 loss in FY 2022). Revenue: JP¥11.8b (down 12% from FY 2022). Net loss: JP¥117.0m (loss narrowed 49% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 01
Third quarter 2023 earnings released: JP¥7.17 loss per share (vs JP¥1.07 loss in 3Q 2022) Third quarter 2023 results: JP¥7.17 loss per share (further deteriorated from JP¥1.07 loss in 3Q 2022). Revenue: JP¥2.73b (down 16% from 3Q 2022). Net loss: JP¥104.0m (loss widened JP¥90.0m from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Announcement • Dec 28
SMN Corporation to Report Q3, 2023 Results on Jan 31, 2023 SMN Corporation announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Nov 02
Second quarter 2023 earnings released: JP¥4.27 loss per share (vs JP¥6.35 loss in 2Q 2022) Second quarter 2023 results: JP¥4.27 loss per share (improved from JP¥6.35 loss in 2Q 2022). Revenue: JP¥2.87b (down 7.1% from 2Q 2022). Net loss: JP¥60.0m (loss narrowed 28% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Announcement • Oct 06
SMN Corporation to Report Q2, 2023 Results on Oct 31, 2022 SMN Corporation announced that they will report Q2, 2023 results on Oct 31, 2022 Announcement • Aug 12
SMN Corporation announced that it expects to receive ¥412.525 million in funding from The Yomiuri Shimbun Group Inc. SMN Corporation announced that it will issue 725,000 common shares at issue price of ¥569 per share for aggregate gross proceeds of ¥412,525,000 on August 10, 2022. The transaction will include participation from returning investor, The Yomiuri Shimbun Group Inc. After deducting the expenses related to the issuance costs of ¥15,000,000, the net proceeds raised by company was ¥397,525,000. The transaction is expected to close on August 26, 2022. The company issues shares through third-party allotment. The transaction has been approved by the board of directors of the company. Reported Earnings • Jul 31
First quarter 2023 earnings released: JP¥5.98 loss per share (vs JP¥5.76 loss in 1Q 2022) First quarter 2023 results: JP¥5.98 loss per share (down from JP¥5.76 loss in 1Q 2022). Revenue: JP¥3.15b (flat on 1Q 2022). Net loss: JP¥80.0m (loss widened 6.7% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Announcement • Jun 29
SMN Corporation to Report Q1, 2023 Results on Jul 29, 2022 SMN Corporation announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • Apr 30
Full year 2022 earnings released: JP¥17.39 loss per share (vs JP¥2.93 loss in FY 2021) Full year 2022 results: JP¥17.39 loss per share (down from JP¥2.93 loss in FY 2021). Revenue: JP¥13.4b (up 10% from FY 2021). Net loss: JP¥228.0m (loss widened JP¥190.0m from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • Apr 08
SMN Corporation to Report Fiscal Year 2022 Results on Apr 28, 2022 SMN Corporation announced that they will report fiscal year 2022 results on Apr 28, 2022 Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥1.07 loss per share (up from JP¥2.46 loss in 3Q 2021). Revenue: JP¥3.24b (up 5.3% from 3Q 2021). Net loss: JP¥14.0m (loss narrowed 56% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 01
Second quarter 2022 earnings released: JP¥6.35 loss per share (vs JP¥1.08 loss in 2Q 2021) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥3.09b (up 9.3% from 2Q 2021). Net loss: JP¥83.0m (loss widened 493% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 30
Full year 2021 earnings released: JP¥2.93 loss per share (vs JP¥37.67 profit in FY 2020) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: JP¥12.1b (up 4.4% from FY 2020). Net loss: JP¥38.0m (down 108% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. Reported Earnings • May 02
Full year 2021 earnings released: JP¥2.93 loss per share (vs JP¥37.67 profit in FY 2020) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: JP¥12.1b (up 4.4% from FY 2020). Net loss: JP¥38.0m (down 108% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 02
Third quarter 2021 earnings released: JP¥2.46 loss per share (vs JP¥6.87 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: JP¥3.08b (up 8.5% from 3Q 2020). Net loss: JP¥32.0m (down 136% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥736 The company is down 20% from its price of JP¥922 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. Is New 90 Day High Low • Dec 07
New 90-day low: JP¥760 The company is down 16% from its price of JP¥909 on 08 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 9.0% over the same period. Announcement • Aug 30
SMN Corporation to Report Q2, 2021 Results on Oct 30, 2020 SMN Corporation announced that they will report Q2, 2021 results on Oct 30, 2020