Announcement • Dec 26
I-Net Corp. to Report Q3, 2026 Results on Jan 30, 2026 I-Net Corp. announced that they will report Q3, 2026 results at 3:30 PM, Tokyo Standard Time on Jan 30, 2026 Announcement • Nov 18
OFI·01 Corporation completed the acquisition of I-Net Corp. (TSE:9600) from group of shareholders. OFI·01 Corporation proposed to acquire I-Net Corp. (TSE:9600) from group of shareholders for ¥38.6 billion on October 2, 2025. A cash consideration of ¥38.6 billion valued at ¥2530 per share will be paid by OFI·01 Corporation. As part of consideration, ¥38.6 billion is paid towards common equity of I-Net Corp. The Offeror may also implement an absorption-type merger with the Company (the “Merger”) following the completion of the Squeeze-Out Procedures. In the Tender Offer, the Offeror has set the minimum number of shares to be purchased at 10,171,800 shares (ownership ratio: 66.67%). If the total number of Shares, tendered in the Tender Offer (the “Tendered Shares”) is less than the minimum number of shares to be purchased (10,171,800 shares), the Offeror will not purchase any of the Tendered Shares. Tender Offer Period will start from October 3, 2025 to November 17, 2025.
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisor for I-Net Corp. Mori Hamada & Matsumoto LPC acted as legal advisor for I-Net Corp.
OFI·01 Corporation completed the acquisition of I-Net Corp. (TSE:9600) from group of shareholders on November 17, 2025. As of today, the Company received a report on the results of the Tender Offer from the Offeror which stated to the effect that because the Tender Offer was successfully completed as a result of the fact that 12,907,969 shares of the Company Shares were tendered and the number of the Company Shares tendered in the Tender Offer reached the minimum number of shares to be purchased (10,171,800 shares), the Offeror will therefore acquire all of such Company Shares. The commencement date of the settlement of the Tender Offer will be on November 25, 2025. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥36.14 (vs JP¥61.36 in 2Q 2025) Second quarter 2026 results: EPS: JP¥36.14 (down from JP¥61.36 in 2Q 2025). Revenue: JP¥10.6b (up 6.1% from 2Q 2025). Net income: JP¥551.4m (down 41% from 2Q 2025). Profit margin: 5.2% (down from 9.3% in 2Q 2025). 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 but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 43% After last week's 43% share price gain to JP¥2,524, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 111% over the past three years. New Risk • Oct 03
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 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.5% average weekly change). Large one-off items impacting financial results. Announcement • Oct 03
I-Net Corp. to Report First Half, 2026 Results on Oct 31, 2025 I-Net Corp. announced that they will report first half, 2026 results on Oct 31, 2025 Announcement • Oct 02
OFI·01 Corporation proposed to acquire I-Net Corp. (TSE:9600) from group of shareholders for ¥38.6 billion. OFI·01 Corporation proposed to acquire I-Net Corp. (TSE:9600) from group of shareholders for ¥38.6 billion on October 2, 2025. A cash consideration of ¥38.6 billion valued at ¥2530 per share will be paid by OFI·01 Corporation. As part of consideration, ¥38.6 billion is paid towards common equity of I-Net Corp.
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. acted as financial advisor for I-Net Corp. Mori Hamada & Matsumoto LPC acted as legal advisor for I-Net Corp. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥29.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 05 December 2025. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥14.55 (vs JP¥4.86 in 1Q 2025) First quarter 2026 results: EPS: JP¥14.55 (up from JP¥4.86 in 1Q 2025). Revenue: JP¥9.82b (up 10.0% from 1Q 2025). Net income: JP¥222.0m (up 190% from 1Q 2025). Profit margin: 2.3% (up from 0.9% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 16% per year. Declared Dividend • Jul 09
Final dividend of JP¥29.00 announced Shareholders will receive a dividend of JP¥29.00. Ex-date: 29th September 2025 Payment date: 5th December 2025 Dividend yield will be 3.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 7.8% 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. Earnings per share has grown by 7.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 30
I-Net Corp. to Report Q1, 2026 Results on Jul 31, 2025 I-Net Corp. announced that they will report Q1, 2026 results at 3:30 PM, Tokyo Standard Time on Jul 31, 2025 Announcement • May 12
I-Net Corp. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2028 I-Net Corp. provided consolidated earnings guidance for the fiscal year ending March 31, 2028. For the year, the company expects net sales of JPY 50,000 million, operating profit of JPY 3,500 million. Announcement • May 09
I-Net Corp., Annual General Meeting, Jun 25, 2025 I-Net Corp., Annual General Meeting, Jun 25, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,548, the stock trades at a trailing P/E ratio of 11.1x. Average trailing P/E is 15x in the IT industry in Japan. Total returns to shareholders of 39% over the past three years. Announcement • Mar 28
I-Net Corp. to Report Fiscal Year 2025 Results on May 09, 2025 I-Net Corp. announced that they will report fiscal year 2025 results on May 09, 2025 New Risk • Mar 24
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: Minor Risks Dividend is not well covered by cash flows (110% cash payout ratio). Share price has been volatile over the past 3 months (5.2% average weekly change). Large one-off items impacting financial results. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 40% but the company is paying out more than the cash it is generating. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%). Announcement • Feb 04
I-Net Corp. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025 I-Net Corp. provided consolidated earnings guidance for the fiscal year ending March 31, 2025. For the year, the company expects net sales of JPY 39,500 million, operating profit of JPY 2,500 million, profit attributable to owners of parent of JPY 2,200 million and earnings per share of JPY 143.31. Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥28.51 (vs JP¥28.78 in 3Q 2024) Third quarter 2025 results: EPS: JP¥28.51 (down from JP¥28.78 in 3Q 2024). Revenue: JP¥9.81b (up 6.2% from 3Q 2024). Net income: JP¥435.0m (down 5.4% from 3Q 2024). Profit margin: 4.4% (down from 5.0% in 3Q 2024). 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 9% per year. Declared Dividend • Dec 06
First half dividend of JP¥28.00 announced Shareholders will receive a dividend of JP¥28.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 3.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (20% earnings payout ratio) but not covered by cash flows (110% cash payout ratio). The dividend has increased by an average of 8.6% 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. Earnings per share has grown by 6.1% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Dec 05
I-Net Corp. to Report Q3, 2025 Results on Jan 31, 2025 I-Net Corp. announced that they will report Q3, 2025 results on Jan 31, 2025 New Risk • Nov 04
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 110% Dividend yield: 3.6% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (110% cash payout ratio). Large one-off items impacting financial results. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥61.36 (vs JP¥37.73 in 2Q 2024) Second quarter 2025 results: EPS: JP¥61.36 (up from JP¥37.73 in 2Q 2024). Revenue: JP¥9.95b (up 1.6% from 2Q 2024). Net income: JP¥928.4m (up 54% from 2Q 2024). Profit margin: 9.3% (up from 6.2% in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 4% per year. Announcement • Oct 22
I-Net Corp. (TSE:9600) agreed to acquire Printing, Copying, Binding, and Digitization Business of Fujitsu Coworko Limited from Fujitsu Coworko Limited I-Net Corp. (TSE:9600) agreed to acquire Printing, Copying, Binding, and Digitization Business of Fujitsu Coworko Limited from Fujitsu Coworko Limited on October 18, 2024.
The expected completion of the transaction is December 2, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Announcement • Aug 28
I-Net Corp. to Report Q2, 2025 Results on Oct 31, 2024 I-Net Corp. announced that they will report Q2, 2025 results on Oct 31, 2024 New Risk • Aug 05
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 7.9% 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
First quarter 2025 earnings released: EPS: JP¥4.82 (vs JP¥27.40 in 1Q 2024) First quarter 2025 results: EPS: JP¥4.82 (down from JP¥27.40 in 1Q 2024). Revenue: JP¥8.93b (down 2.8% from 1Q 2024). Net income: JP¥76.0m (down 83% from 1Q 2024). Profit margin: 0.9% (down from 4.8% in 1Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year and the company’s share price has also increased by 3% per year. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,518, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 22% over the past three years. Announcement • Aug 01
I-Net Corp. Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal Year Ending March 31, 2025 I-Net Corp. provided dividend guidance for the second quarter and full year of fiscal year ending March 31, 2025. For the quarter, the company expects dividend of JPY 28.00 per share compared to JPY 26.00 per share a year ago.
For the full year, the company expects dividend of JPY 28.00 per share compared to JPY 27.00 per share a year ago. Announcement • Jul 31
I-Net Corp. (TSE:9600) announces an Equity Buyback for 100,000 shares, representing 0.65% for ¥200 million. I-Net Corp. (TSE:9600) announces an share repurchase program. Under the program the company will repurchase 100,000 shares, representing 0.65% of the outstanding shares for ¥200 million. The shares will be repurchased at ¥1,873 per share. The purpose of the program is e to enhance corporate value and shareholder returns. As of June 30, 2024, the company had 15,294,642 shares outstanding and 947,782 shares in treasury. Declared Dividend • Jul 11
Final dividend of JP¥28.00 announced Shareholders will receive a dividend of JP¥28.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 2.7%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (17% cash payout ratio). The dividend has increased by an average of 9.4% 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. Earnings per share has grown by 8.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Jun 15
I-Net Corp. to Report Q1, 2025 Results on Jul 31, 2024 I-Net Corp. announced that they will report Q1, 2025 results on Jul 31, 2024 Announcement • Apr 17
I-Net Corp. to Report Fiscal Year 2024 Results on May 09, 2024 I-Net Corp. announced that they will report fiscal year 2024 results on May 09, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Announcement • Mar 13
TA Associates Management, L.P completed the acquisition of 89.34% stake in Payroll Inc. (TSE:4489) from group of shareholders for ¥22 billion TA Associates Management, L.P. made an offer to acquire 97.12848% stake in Payroll Inc. (TSE:4489) from group of shareholders for ¥24 billion on January 24, 2024. As part of tender offer,TA Associates Japan planned to purchase 17,409,601 shares for ¥1,380 per share. I-Net Corp. decided to tender 279,100 shares. Payroll Inc board approved the deal. The transaction is subject to Payroll shareholders. Tender offer starts on January 25, 2024 and ends on March 11, 2024. Nishimura & Asahi acted as legal advisor and PwC Advisory LLC acted as financial advisor to Payroll Inc. Nagashima Ohno & Tsunematsu acted as legal advisor and Nomura Securities Co., Ltd. acted as financial advisor to TA Associates Management, L.P. Nomura Securities Co., Ltd. acted as tender offer agent.TA Associates Management, L.P completed the acquisition of 89.34% stake in Payroll Inc. (TSE:4489) from group of shareholders for ¥22 billion on March 11, 2024. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥2,267, the stock trades at a trailing P/E ratio of 18.2x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 67% over the past three years. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥28.77 (vs JP¥12.64 in 3Q 2023) Third quarter 2024 results: EPS: JP¥28.77 (up from JP¥12.64 in 3Q 2023). Revenue: JP¥9.23b (up 6.0% from 3Q 2023). Net income: JP¥460.0m (up 128% from 3Q 2023). Profit margin: 5.0% (up from 2.3% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year. New Risk • Jan 25
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,104, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 19x in the IT industry in Japan. Total returns to shareholders of 49% over the past three years. Announcement • Nov 30
I-Net Corp. to Report Q3, 2024 Results on Jan 31, 2024 I-Net Corp. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥37.72 (vs JP¥27.09 in 2Q 2023) Second quarter 2024 results: EPS: JP¥37.72 (up from JP¥27.09 in 2Q 2023). Revenue: JP¥9.80b (up 10.0% from 2Q 2023). Net income: JP¥603.0m (up 39% from 2Q 2023). Profit margin: 6.2% (up from 4.9% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥26.00 per share at 3.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 49% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Announcement • Aug 30
I-Net Corp. to Report Q2, 2024 Results on Oct 31, 2023 I-Net Corp. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥27.40 (vs JP¥13.46 in 1Q 2023) First quarter 2024 results: EPS: JP¥27.40 (up from JP¥13.46 in 1Q 2023). Revenue: JP¥9.18b (up 16% from 1Q 2023). Net income: JP¥438.0m (up 104% from 1Q 2023). Profit margin: 4.8% (up from 2.7% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year and the company’s share price has also increased by 5% per year. Reported Earnings • Jun 28
Full year 2023 earnings released: EPS: JP¥84.03 (vs JP¥106 in FY 2022) Full year 2023 results: EPS: JP¥84.03 (down from JP¥106 in FY 2022). Revenue: JP¥35.0b (up 12% from FY 2022). Net income: JP¥1.34b (down 21% from FY 2022). Profit margin: 3.8% (down from 5.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Announcement • Jun 26
I-Net Corp. to Report Q1, 2024 Results on Jul 31, 2023 I-Net Corp. announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • May 10
Full year 2023 earnings released: EPS: JP¥84.03 (vs JP¥106 in FY 2022) Full year 2023 results: EPS: JP¥84.03 (down from JP¥106 in FY 2022). Revenue: JP¥35.0b (up 12% from FY 2022). Net income: JP¥1.34b (down 21% from FY 2022). Profit margin: 3.8% (down from 5.4% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥24.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥12.64 (vs JP¥25.23 in 3Q 2022) Third quarter 2023 results: EPS: JP¥12.64 (down from JP¥25.23 in 3Q 2022). Revenue: JP¥8.71b (up 13% from 3Q 2022). Net income: JP¥202.0m (down 50% from 3Q 2022). Profit margin: 2.3% (down from 5.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Nov 30
I-Net Corp. to Report Q3, 2023 Results on Jan 31, 2023 I-Net Corp. announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Outside Director Rikuo Otsuki was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥27.09 (vs JP¥29.67 in 2Q 2022) Second quarter 2023 results: EPS: JP¥27.09 (down from JP¥29.67 in 2Q 2022). Revenue: JP¥8.90b (up 14% from 2Q 2022). Net income: JP¥433.0m (down 8.6% from 2Q 2022). Profit margin: 4.9% (down from 6.1% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Announcement • Sep 02
I-Net Corp. to Report Q2, 2023 Results on Oct 31, 2022 I-Net Corp. announced that they will report Q2, 2023 results on Oct 31, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥13.46 (vs JP¥15.09 in 1Q 2022) First quarter 2023 results: EPS: JP¥13.46 (down from JP¥15.09 in 1Q 2022). Revenue: JP¥7.91b (up 11% from 1Q 2022). Net income: JP¥215.0m (down 11% from 1Q 2022). Profit margin: 2.7% (down from 3.4% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jun 08
I-Net Corp. to Report Q1, 2023 Results on Jul 29, 2022 I-Net Corp. announced that they will report Q1, 2023 results on Jul 29, 2022 Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥106 (vs JP¥93.58 in FY 2021) Full year 2022 results: EPS: JP¥106 (up from JP¥93.58 in FY 2021). Revenue: JP¥31.2b (up 3.8% from FY 2021). Net income: JP¥1.69b (up 13% from FY 2021). Profit margin: 5.4% (up from 5.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has fallen by 1% per year. Announcement • May 08
I-Net Corp., Annual General Meeting, Jun 24, 2022 I-Net Corp., Annual General Meeting, Jun 24, 2022. Announcement • Apr 08
I-Net Corp. to Report Fiscal Year 2022 Results on May 06, 2022 I-Net Corp. announced that they will report fiscal year 2022 results on May 06, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥23.50 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥25.23 (up from JP¥21.28 in 3Q 2021). Revenue: JP¥7.68b (up 9.7% from 3Q 2021). Net income: JP¥403.0m (up 19% from 3Q 2021). Profit margin: 5.2% (up from 4.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 2% per year. Reported Earnings • Oct 31
Second quarter 2022 earnings released: EPS JP¥29.67 (vs JP¥20.63 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥7.78b (up 3.1% from 2Q 2021). Net income: JP¥474.0m (up 44% from 2Q 2021). Profit margin: 6.1% (up from 4.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥23.50 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 03 December 2021. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 05
First quarter 2022 earnings released: EPS JP¥15.09 (vs JP¥2.64 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥7.16b (down 2.5% from 1Q 2021). Net income: JP¥241.0m (up 474% from 1Q 2021). Profit margin: 3.4% (up from 0.6% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Reported Earnings • May 09
Full year 2021 earnings released: EPS JP¥93.58 (vs JP¥105 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥30.0b (down 3.5% from FY 2020). Net income: JP¥1.49b (down 11% from FY 2020). Profit margin: 5.0% (down from 5.4% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 4% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 2.9%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.3%). Announcement • Mar 04
I-Net Corp. to Report Fiscal Year 2021 Results on May 07, 2021 I-Net Corp. announced that they will report fiscal year 2021 results on May 07, 2021 Is New 90 Day High Low • Feb 24
New 90-day low: JP¥1,463 The company is down 4.0% from its price of JP¥1,517 on 26 November 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 6.0% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥21.28 (vs JP¥26.34 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥7.00b (down 10.0% from 3Q 2020). Net income: JP¥340.0m (down 19% from 3Q 2020). Profit margin: 4.9% (down from 5.4% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year. Is New 90 Day High Low • Jan 07
New 90-day high: JP¥1,590 The company is up 3.0% from its price of JP¥1,542 on 09 October 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the IT industry, which is flat over the same period. Announcement • Dec 03
I-Net Corp. to Report Q3, 2021 Results on Jan 29, 2021 I-Net Corp. announced that they will report Q3, 2021 results on Jan 29, 2021 Announcement • Sep 04
I-Net Corp. to Report Q2, 2021 Results on Oct 30, 2020 I-Net Corp. announced that they will report Q2, 2021 results on Oct 30, 2020