Announcement • May 23
BIPROGY Inc. to Report Q1, 2027 Results on Aug 05, 2026 BIPROGY Inc. announced that they will report Q1, 2027 results on Aug 05, 2026 Reported Earnings • May 01
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥321 (up from JP¥273 in FY 2025). Revenue: JP¥433.7b (up 7.3% from FY 2025). Net income: JP¥31.2b (up 16% from FY 2025). Profit margin: 7.2% (up from 6.7% in FY 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.9%. Revenue is forecast to grow 3.3% 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 increased by 15% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Apr 30
BIPROGY Inc., Annual General Meeting, Jun 24, 2026 BIPROGY Inc., Annual General Meeting, Jun 24, 2026. Announcement • Apr 21
BIPROGY Inc. to Report Q4, 2026 Results on Apr 30, 2026 BIPROGY Inc. announced that they will report Q4, 2026 results on Apr 30, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Price Target Changed • Mar 06
Price target decreased by 7.9% to JP¥5,750 Down from JP¥6,240, the current price target is an average from 10 analysts. New target price is 25% above last closing price of JP¥4,611. Stock is up 2.3% over the past year. The company is forecast to post earnings per share of JP¥303 for next year compared to JP¥273 last year. Reported Earnings • Feb 05
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: JP¥71.27 (up from JP¥57.85 in 3Q 2025). Revenue: JP¥101.7b (up 9.1% from 3Q 2025). Net income: JP¥6.91b (up 22% from 3Q 2025). Profit margin: 6.8% (up from 6.1% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.8%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 3.3% 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 increased by 15% per year and the company’s share price has also increased by 15% per year. Declared Dividend • Dec 03
First half dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 30th March 2026 Payment date: 26th June 2026 Dividend yield will be 2.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 29
BIPROGY Inc. (TSE:8056) entered into share purchase agreement to acquire Catalina Marketing Japan KK from D Capital Fund No.1 managed by D Capital, Inc. for ¥39.7 billion. BIPROGY Inc. (TSE:8056) entered into share purchase agreement to acquire Catalina Marketing Japan KK from D Capital Fund No.1 managed by D Capital, Inc. for ¥39.7 billion on November 28, 2025. A cash consideration of ¥39.7 billion will be paid by BIPROGY Inc. As part of consideration, ¥39.7 billion is paid towards common equity of Catalina Marketing Japan KK. Catalina Marketing Japan KK will be subsidiary of BIPROGY Inc after completion.
For the period ending December 31, 2024, Catalina Marketing Japan KK reported total revenue of ¥9.98 billion, EBIT of ¥447 million and net loss of ¥20 million. As of December 31, 2024, Catalina Marketing Japan KK reported total assets of ¥18.21 billion and total common equity of ¥4.18 billion.
The expected completion of the transaction is January 6, 2026. Announcement • Nov 19
BIPROGY Inc. to Report Q3, 2026 Results on Feb 04, 2026 BIPROGY Inc. announced that they will report Q3, 2026 results on Feb 04, 2026 Buy Or Sell Opportunity • Nov 12
Now 21% overvalued Over the last 90 days, the stock has fallen 10% to JP¥5,794. The fair value is estimated to be JP¥4,769, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 3.0% per annum. Earnings are also forecast to grow by 6.3% per annum over the same time period. Reported Earnings • Nov 07
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: JP¥97.27 (up from JP¥69.82 in 2Q 2025). Revenue: JP¥108.3b (up 11% from 2Q 2025). Net income: JP¥9.50b (up 38% from 2Q 2025). Profit margin: 8.8% (up from 7.0% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.1%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%). Announcement • Sep 14
BIPROGY Inc. (TSE:8056) acquired Mattrz Co., Ltd. BIPROGY Inc. (TSE:8056) acquired Mattrz Co., Ltd. on August 29, 2025.
BIPROGY Inc. (TSE:8056) completed the acquisition of Mattrz Co., Ltd. on August 29, 2025. Announcement • Aug 06
BIPROGY Inc. to Report Q2, 2026 Results on Nov 05, 2025 BIPROGY Inc. announced that they will report Q2, 2026 results on Nov 05, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: JP¥59.41. Revenue: JP¥96.8b (up 4.1% from 1Q 2025). Net income: JP¥5.83b (down 1.0% from 1Q 2025). Profit margin: 6.0% (down from 6.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 12%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan. Buy Or Sell Opportunity • Jul 24
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 30% to JP¥5,940. The fair value is estimated to be JP¥4,929, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 7.9% per annum over the same time period. Declared Dividend • Jul 09
Final dividend of JP¥60.00 announced Shareholders will receive a dividend of JP¥60.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 2.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (43% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • Jul 07
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 40% to JP¥5,995. The fair value is estimated to be JP¥4,971, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 7.9% per annum over the same time period. Reported Earnings • Jun 29
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥273 (up from JP¥251 in FY 2024). Revenue: JP¥404.0b (up 9.2% from FY 2024). Net income: JP¥27.0b (up 6.8% from FY 2024). Profit margin: 6.7% (down from 6.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 6.3%. Revenue is forecast to grow 3.6% 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 increased by 10% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jun 09
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 36% to JP¥5,923. The fair value is estimated to be JP¥4,893, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 7.9% per annum over the same time period. Price Target Changed • Jun 05
Price target increased by 7.5% to JP¥6,114 Up from JP¥5,688, the current price target is an average from 7 analysts. New target price is approximately in line with last closing price of JP¥5,838. Stock is up 39% over the past year. The company is forecast to post earnings per share of JP¥303 for next year compared to JP¥273 last year. Price Target Changed • May 24
Price target increased by 7.5% to JP¥5,500 Up from JP¥5,114, the current price target is an average from 8 analysts. New target price is approximately in line with last closing price of JP¥5,628. Stock is up 37% over the past year. The company is forecast to post earnings per share of JP¥300 for next year compared to JP¥273 last year. Announcement • May 14
BIPROGY Inc. to Report Q1, 2026 Results on Jul 31, 2025 BIPROGY Inc. announced that they will report Q1, 2026 results on Jul 31, 2025 Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥5,429, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 107% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥4,357 per share. Buy Or Sell Opportunity • May 01
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to JP¥5,373. The fair value is estimated to be JP¥4,257, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.2% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings are also forecast to grow by 6.0% per annum over the same time period. Announcement • Apr 30
BIPROGY Inc., Annual General Meeting, Jun 25, 2025 BIPROGY Inc., Annual General Meeting, Jun 25, 2025. Announcement • Mar 27
BIPROGY Inc. (TSE:8056) announces an Equity Buyback for 2,500,000 shares, representing 2.54% for ¥10,000 million. BIPROGY Inc. (TSE:8056) announces a share repurchase program. Under the plan, the company will repurchase up to 2,500,000 shares, representing 2.54% of its issued share capital, for ¥10,000 million. The purpose of the program is to expand shareholder returns and improve capital efficiency. The shares repurchased will be cancelled. The program will expire on February 27, 2026. As of February 28, 2025, the company had 98,279,326 issued shares (excluding treasury stock) and 2,384,198 shares in treasury. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 43% and the cash payout ratio is 79%. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%). Announcement • Feb 28
BIPROGY Inc. to Report Fiscal Year 2025 Results on Apr 30, 2025 BIPROGY Inc. announced that they will report fiscal year 2025 results on Apr 30, 2025 Reported Earnings • Feb 05
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: JP¥57.85 (up from JP¥53.01 in 3Q 2024). Revenue: JP¥93.2b (up 8.5% from 3Q 2024). Net income: JP¥5.69b (up 6.7% from 3Q 2024). Profit margin: 6.1% (down from 6.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 4.7%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 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 increased by 9% per year whereas the company’s share price has increased by 12% per year. Declared Dividend • Dec 04
First half dividend of JP¥50.00 announced Shareholders will receive a dividend of JP¥50.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 2.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (23% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 14
BIPROGY Inc. to Report Q3, 2025 Results on Feb 04, 2025 BIPROGY Inc. announced that they will report Q3, 2025 results on Feb 04, 2025 Reported Earnings • Nov 03
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: JP¥69.82 (down from JP¥84.16 in 2Q 2024). Revenue: JP¥97.7b (up 4.9% from 2Q 2024). Net income: JP¥6.88b (down 19% from 2Q 2024). Profit margin: 7.0% (down from 9.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 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 increased by 10% per year whereas the company’s share price has increased by 11% per year. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Board Change • Aug 21
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 Asako Osaki 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. Announcement • Aug 09
BIPROGY Inc. to Report Q2, 2025 Results on Nov 01, 2024 BIPROGY Inc. announced that they will report Q2, 2025 results on Nov 01, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥3,867, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the IT industry in Japan. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥5,486 per share. Buy Or Sell Opportunity • Aug 05
Now 30% undervalued Over the last 90 days, the stock has risen 1.5% to JP¥3,867. The fair value is estimated to be JP¥5,486, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.1% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 3.4% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period. Reported Earnings • Jul 31
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: JP¥48.65 (up from JP¥43.43 in 1Q 2024). Revenue: JP¥88.4b (up 11% from 1Q 2024). Net income: JP¥4.89b (up 12% from 1Q 2024). Profit margin: 5.5% (in line with 1Q 2024). Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates by 33%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 14% per year. Announcement • Jul 29
BIPROGY Inc. (TSE:8056) announces an Equity Buyback for 3,000,000 shares, representing 2.98% for ¥13,707 million. BIPROGY Inc. (TSE:8056) announces a share repurchase program. Under the plan, the company will repurchase up to 3,000,000 shares, representing 2.98% of its issued share capital, for ¥13,707 million. The share swill repurchased at a price of ¥4,569 per share. The purpose of the program is to expand shareholder returns and improve capital efficiency. Shares will be repurchased from Mitsui & Co., Ltd. As of June 30, 2024, the company had 100,562,253 issued shares (excluding treasury stock) and 9,101,271 shares in treasury. Declared Dividend • Jul 11
Final dividend increased to JP¥50.00 Dividend of JP¥50.00 is 11% higher than last year. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 2.3%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (34% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 20% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 17
BIPROGY Inc. to Report Q1, 2025 Results on Jul 29, 2024 BIPROGY Inc. announced that they will report Q1, 2025 results on Jul 29, 2024 Reported Earnings • May 01
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥251 (up from JP¥201 in FY 2023). Revenue: JP¥370.1b (up 8.9% from FY 2023). Net income: JP¥25.2b (up 25% from FY 2023). Profit margin: 6.8% (up from 5.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.6%. Revenue is forecast to grow 3.6% 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 10% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥3,898, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 21% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,743 per share. Announcement • May 01
BIPROGY Inc., Annual General Meeting, Jun 26, 2024 BIPROGY Inc., Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Announcement • Mar 02
BIPROGY Inc. to Report Fiscal Year 2024 Results on Apr 30, 2024 BIPROGY Inc. announced that they will report fiscal year 2024 results on Apr 30, 2024 Reported Earnings • Feb 03
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: JP¥53.02 (up from JP¥34.41 in 3Q 2023). Revenue: JP¥85.9b (up 14% from 3Q 2023). Net income: JP¥5.33b (up 54% from 3Q 2023). Profit margin: 6.2% (up from 4.6% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 2.4% 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 10% per year and the company’s share price has also increased by 10% per year. Price Target Changed • Dec 05
Price target increased by 7.4% to JP¥4,424 Up from JP¥4,120, the current price target is an average from 7 analysts. New target price is 5.3% above last closing price of JP¥4,201. Stock is up 31% over the past year. The company is forecast to post earnings per share of JP¥230 for next year compared to JP¥201 last year. Announcement • Nov 23
BIPROGY Inc. to Report Q3, 2024 Results on Feb 01, 2024 BIPROGY Inc. announced that they will report Q3, 2024 results on Feb 01, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: JP¥84.17 (up from JP¥61.62 in 2Q 2023). Revenue: JP¥93.1b (up 11% from 2Q 2023). Net income: JP¥8.46b (up 37% from 2Q 2023). Profit margin: 9.1% (up from 7.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 13%. Revenue is forecast to grow 2.5% 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 increased by 8% per year and the company’s share price has also increased by 8% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥45.00 per share at 2.4% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Announcement • Aug 11
BIPROGY Inc. to Report Q2, 2024 Results on Nov 01, 2023 BIPROGY Inc. announced that they will report Q2, 2024 results on Nov 01, 2023 Reported Earnings • Aug 02
First quarter 2024 earnings released: EPS: JP¥43.43 (vs JP¥39.01 in 1Q 2023) First quarter 2024 results: EPS: JP¥43.43 (up from JP¥39.01 in 1Q 2023). Revenue: JP¥79.9b (up 13% from 1Q 2023). Net income: JP¥4.37b (up 11% from 1Q 2023). Profit margin: 5.5% (down from 5.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.6% 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 7% per year whereas the company’s share price has increased by 3% per year. Board Change • Jul 25
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Asako Osaki was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • May 19
BIPROGY Inc. to Report Q1, 2024 Results on Aug 01, 2023 BIPROGY Inc. announced that they will report Q1, 2024 results on Aug 01, 2023 Reported Earnings • Apr 29
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: JP¥201 (down from JP¥204 in FY 2022). Revenue: JP¥339.9b (up 7.0% from FY 2022). Net income: JP¥20.2b (down 1.4% from FY 2022). Profit margin: 5.9% (down from 6.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% 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¥40.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 39% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Buying Opportunity • Mar 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.7%. The fair value is estimated to be JP¥3,948, 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 7.3%. For the next 3 years, revenue is forecast to grow by 3.2% per annum. Earnings is also forecast to grow by 8.1% per annum over the same time period. Reported Earnings • Feb 02
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: EPS: JP¥34.41 (down from JP¥42.49 in 3Q 2022). Revenue: JP¥75.2b (up 4.5% from 3Q 2022). Net income: JP¥3.46b (down 19% from 3Q 2022). Profit margin: 4.6% (down from 5.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 2.5% 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 7% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Nov 18
BIPROGY Inc. to Report Q3, 2023 Results on Feb 01, 2023 BIPROGY Inc. announced that they will report Q3, 2023 results on Feb 01, 2023