Reported Earnings • May 09
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥170 (up from JP¥154 in FY 2025). Revenue: JP¥117.8b (up 9.3% from FY 2025). Net income: JP¥13.0b (up 10% from FY 2025). Profit margin: 11% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. 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 increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥94.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Announcement • Mar 19
NSD Co., Ltd. to Report Fiscal Year 2026 Results on May 08, 2026 NSD Co., Ltd. announced that they will report fiscal year 2026 results on May 08, 2026 Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥48.00 (vs JP¥41.55 in 3Q 2025) Third quarter 2026 results: EPS: JP¥48.00 (up from JP¥41.55 in 3Q 2025). Revenue: JP¥30.2b (up 10% from 3Q 2025). Net income: JP¥3.66b (up 15% from 3Q 2025). Profit margin: 12% (in line with 3Q 2025). Revenue is forecast to grow 6.7% 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 9% per year whereas the company’s share price has increased by 12% per year. Buy Or Sell Opportunity • Jan 21
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at JP¥3,362. The fair value is estimated to be JP¥4,220, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 8.5%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 8.1% per annum over the same time period. Announcement • Dec 19
NSD Co., Ltd. to Report Q3, 2026 Results on Jan 30, 2026 NSD Co., Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Buy Or Sell Opportunity • Nov 26
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 8.6% to JP¥3,624. The fair value is estimated to be JP¥3,002, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 8.5%. For the next 3 years, revenue is forecast to grow by 6.9% per annum. Earnings are also forecast to grow by 8.1% per annum over the same time period. Declared Dividend • Nov 02
Dividend of JP¥92.00 announced Shareholders will receive a dividend of JP¥92.00. Ex-date: 30th March 2026 Payment date: 8th June 2026 Dividend yield will be 2.8%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 18% 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 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥41.67 (vs JP¥36.49 in 2Q 2025) Second quarter 2026 results: EPS: JP¥41.67 (up from JP¥36.49 in 2Q 2025). Revenue: JP¥29.3b (up 9.5% from 2Q 2025). Net income: JP¥3.19b (up 14% from 2Q 2025). Profit margin: 11% (in line with 2Q 2025). Revenue is forecast to grow 6.5% p.a. on average during the next 3 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 increased by 8% per year and the company’s share price has also increased by 8% per year. Announcement • Oct 31
NSD Co., Ltd. (TSE:9759) announces an Equity Buyback for 650,000 shares, representing 0.85% for ¥2,000 million. NSD Co., Ltd. (TSE:9759) announces a share repurchase program. Under the program, the company will repurchase up to 650,000 shares, representing 0.85% of its issued share capital, for ¥2,000 million. The purpose of the program is to implement basic policy of shareholder returns. The program will continue through February 28, 2026. As of September 30, 2025, the company had 76,503,272 issued shares (excluding treasury shares) and 9,496,728 treasury shares. Buy Or Sell Opportunity • Sep 26
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.4% to JP¥3,644. The fair value is estimated to be JP¥3,010, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 9.6%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 18% in the next 2 years. Price Target Changed • Sep 22
Price target increased by 10% to JP¥3,800 Up from JP¥3,450, the current price target is an average from 2 analysts. New target price is 15% above last closing price of JP¥3,292. Stock is up 2.4% over the past year. The company is forecast to post earnings per share of JP¥164 for next year compared to JP¥154 last year. Announcement • Sep 21
NSD Co., Ltd. to Report Q2, 2026 Results on Oct 31, 2025 NSD Co., Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥28.54 (vs JP¥27.19 in 1Q 2025) First quarter 2026 results: EPS: JP¥28.54 (up from JP¥27.19 in 1Q 2025). Revenue: JP¥27.3b (up 8.0% from 1Q 2025). Net income: JP¥2.18b (up 4.4% from 1Q 2025). Profit margin: 8.0% (down from 8.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.6% 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 whereas the company’s share price has increased by 12% per year. Reported Earnings • Jun 27
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥154 (up from JP¥133 in FY 2024). Revenue: JP¥107.8b (up 6.4% from FY 2024). Net income: JP¥11.8b (up 15% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.3%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Announcement • Jun 26
NSD Co., Ltd. (TSE:9759) agreed to acquire KC21 Building in Japan from Advance Residence Investment Corporation (TSE:3269) for ¥1.4 billion. NSD Co., Ltd. (TSE:9759) agreed to acquire KC21 Building in Japan from Advance Residence Investment Corporation (TSE:3269) for ¥1.4 billion on June 25, 2025. A cash consideration of ¥1.35 billion will be paid by NSD Co., Ltd. As part of consideration, ¥1.35 billion is paid towards assets of KC21 Building in Japan.
The expected completion of the transaction is July 4, 2025. Announcement • Jun 21
NSD Co., Ltd. to Report Q1, 2026 Results on Jul 31, 2025 NSD Co., Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 09
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥154 (up from JP¥133 in FY 2024). Revenue: JP¥107.8b (up 6.4% from FY 2024). Net income: JP¥11.8b (up 15% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.3%. Revenue is forecast to grow 7.1% 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 11% per year whereas the company’s share price has increased by 15% per year. Announcement • May 08
NSD Co., Ltd., Annual General Meeting, Jun 25, 2025 NSD Co., Ltd., Annual General Meeting, Jun 25, 2025. Announcement • Mar 26
NSD Co., Ltd. to Report Fiscal Year 2025 Results on May 08, 2025 NSD Co., Ltd. announced that they will report fiscal year 2025 results on May 08, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥82.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 06 June 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥41.55 (vs JP¥36.69 in 3Q 2024) Third quarter 2025 results: EPS: JP¥41.55 (up from JP¥36.69 in 3Q 2024). Revenue: JP¥27.4b (up 10% from 3Q 2024). Net income: JP¥3.19b (up 13% from 3Q 2024). Profit margin: 12% (in line with 3Q 2024). Revenue is forecast to grow 6.8% 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 12% per year whereas the company’s share price has increased by 16% per year. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥36.48 (vs JP¥35.24 in 2Q 2024) Second quarter 2025 results: EPS: JP¥36.48 (up from JP¥35.24 in 2Q 2024). Revenue: JP¥26.8b (up 1.7% from 2Q 2024). Net income: JP¥2.81b (up 3.5% from 2Q 2024). Profit margin: 11% (in line with 2Q 2024). Revenue is forecast to grow 7.2% 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 14% per year whereas the company’s share price has increased by 15% per year. Announcement • Sep 20
NSD Co., Ltd. to Report Q2, 2025 Results on Oct 31, 2024 NSD Co., Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Buy Or Sell Opportunity • Aug 05
Now 28% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to JP¥2,654. The fair value is estimated to be JP¥3,706, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 16%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 14% in the next 2 years. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥27.19 (vs JP¥21.96 in 1Q 2024) First quarter 2025 results: EPS: JP¥27.19 (up from JP¥21.96 in 1Q 2024). Revenue: JP¥25.3b (up 5.3% from 1Q 2024). Net income: JP¥2.09b (up 24% from 1Q 2024). Profit margin: 8.3% (up from 7.0% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% 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 16% per year and the company’s share price has also increased by 16% per year. Announcement • Jun 20
NSD Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024 NSD Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024 Price Target Changed • May 28
Price target decreased by 7.5% to JP¥3,100 Down from JP¥3,350, the current price target is an average from 2 analysts. New target price is 13% above last closing price of JP¥2,752. Stock is up 1.5% over the past year. The company is forecast to post earnings per share of JP¥142 for next year compared to JP¥133 last year. Announcement • May 10
NSD Co., Ltd., Annual General Meeting, Jun 26, 2024 NSD Co., Ltd., Annual General Meeting, Jun 26, 2024. Reported Earnings • May 09
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥133 (up from JP¥132 in FY 2023). Revenue: JP¥101.3b (up 30% from FY 2023). Net income: JP¥10.3b (flat on FY 2023). Profit margin: 10% (down from 13% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.7%. Earnings per share (EPS) exceeded analyst estimates by 4.1%. Revenue is forecast to grow 7.5% p.a. on average during the next 2 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 17% per year whereas the company’s share price has increased by 19% per year. Announcement • Mar 27
NSD Co., Ltd. to Report Fiscal Year 2024 Results on May 08, 2024 NSD Co., Ltd. announced that they will report fiscal year 2024 results on May 08, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Reported Earnings • Feb 08
Third quarter 2024 earnings released: EPS: JP¥36.69 (vs JP¥34.08 in 3Q 2023) Third quarter 2024 results: EPS: JP¥36.69 (up from JP¥34.08 in 3Q 2023). Revenue: JP¥24.9b (up 28% from 3Q 2023). Net income: JP¥2.83b (up 8.0% from 3Q 2023). Profit margin: 11% (down from 13% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Feb 07
NSD Co., Ltd. (TSE:9759) announces an Equity Buyback for 270,000 shares, representing 0.35% for ¥700 million. NSD Co., Ltd. (TSE:9759) announces a share repurchase program. Under the program, the company will repurchase up to 270,000 shares, representing 0.35% of its issued share capital, for ¥700 million. The purpose of the program is to return profits to all shareholders. The shares repurchased will be cancelled. The program will continue through March 15, 2024. As of December 31, 2023, the company had 77,131,930 issued shares (excluding treasury shares) and 9,868,070 treasury shares. Announcement • Dec 20
NSD Co., Ltd. to Report Q3, 2024 Results on Feb 06, 2024 NSD Co., Ltd. announced that they will report Q3, 2024 results on Feb 06, 2024 Price Target Changed • Nov 21
Price target increased by 7.8% to JP¥3,450 Up from JP¥3,200, the current price target is an average from 2 analysts. New target price is 27% above last closing price of JP¥2,707. Stock is up 5.9% over the past year. The company is forecast to post earnings per share of JP¥118 for next year compared to JP¥132 last year. Reported Earnings • Nov 02
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: JP¥35.24 (down from JP¥44.59 in 2Q 2023). Revenue: JP¥26.3b (up 37% from 2Q 2023). Net income: JP¥2.71b (down 21% from 2Q 2023). Profit margin: 10% (down from 18% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 7.9%. Revenue is forecast to grow 8.6% 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 20% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Sep 21
NSD Co., Ltd. to Report Q2, 2024 Results on Oct 31, 2023 NSD Co., Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 Announcement • Sep 15
NSD Co., Ltd. has completed a Follow-on Equity Offering in the amount of ¥9.738378 billion. NSD Co., Ltd. has completed a Follow-on Equity Offering in the amount of ¥9.738378 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 3,960,300
Price\Range: ¥2459 Announcement • Aug 26
NSD Co., Ltd. (TSE:9759) announces an Equity Buyback for 430,000 shares, representing 0.56% for ¥1,000 million. NSD Co., Ltd. (TSE:9759) announces a share repurchase program. Under the program, the company will repurchase up to 430,000 shares, representing 0.56% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,000 million. The purpose of the program is to return profits to all shareholders. The program will continue through October 20, 2023. As of June 30, 2023, the company had 76,868,180 issued shares and 10,131,820 treasury shares. Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥21.96 (vs JP¥23.04 in 1Q 2023) First quarter 2024 results: EPS: JP¥21.96 (down from JP¥23.04 in 1Q 2023). Revenue: JP¥24.0b (up 29% from 1Q 2023). Net income: JP¥1.69b (down 5.9% from 1Q 2023). Profit margin: 7.0% (down from 9.6% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.6% 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 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 04
Price target increased by 14% to JP¥3,200 Up from JP¥2,800, the current price target is an average from 2 analysts. New target price is 13% above last closing price of JP¥2,822. Stock is up 15% over the past year. The company is forecast to post earnings per share of JP¥116 for next year compared to JP¥132 last year. Announcement • Jun 22
NSD Co., Ltd. to Report Q1, 2024 Results on Jul 31, 2023 NSD Co., Ltd. announced that they will report Q1, 2024 results on Jul 31, 2023 Price Target Changed • Jun 14
Price target increased by 9.6% to JP¥2,900 Up from JP¥2,645, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥2,853. Stock is up 24% over the past year. The company is forecast to post earnings per share of JP¥119 for next year compared to JP¥132 last year. Reported Earnings • May 10
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥132 (up from JP¥99.36 in FY 2022). Revenue: JP¥78.0b (up 9.5% from FY 2022). Net income: JP¥10.2b (up 31% from FY 2022). Profit margin: 13% (up from 11% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.9%. Revenue is forecast to grow 9.6% 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 19% per year whereas the company’s share price has increased by 17% per year. Announcement • May 10
NSD Co., Ltd. (TSE:9759) completed the acquisition of a 91.6% stake in NHOSA Corporation from a group of sellers. NSD Co., Ltd. (TSE:9759) executed a share transfer agreement to acquire a 91.6% stake in NHOSA Corporation group of seller on March 31, 2023. As part of the transaction, NSD will acquire 1,999,840 shares from Sunrise Capital III, L.P., Sunrise Capital III (JPY), L.P, and Sunrise Capital III (Non-US), L.P managed by CLSA Capital Partners, EPARK, Inc., Nobuhiro Kuzuhara and Hitoki Ishihama. The transaction was resolved by the board of directors of NSD on February 22, 2023. The transaction is expected to complete on May 9, 2023.NSD Co., Ltd. (TSE:9759) completed the acquisition of a 91.6% stake in NHOSA Corporation from a group of sellers on May 9, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥54.00 per share at 2.7% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 03 June 2023. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than 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¥34.08 (vs JP¥27.92 in 3Q 2022) Third quarter 2023 results: EPS: JP¥34.08 (up from JP¥27.92 in 3Q 2022). Revenue: JP¥19.5b (up 8.8% from 3Q 2022). Net income: JP¥2.62b (up 19% from 3Q 2022). Profit margin: 13% (up from 12% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% 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 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Dec 23
NSD Co., Ltd. to Report Q3, 2023 Results on Jan 31, 2023 NSD Co., Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Major Estimate Revision • Nov 18
Consensus EPS estimates increase by 16% The consensus outlook for earnings per share (EPS) in 2023 has improved. 2023 revenue forecast increased from JP¥76.4b to JP¥77.5b. EPS estimate increased from JP¥109 to JP¥127 per share. Net income forecast to shrink 1.6% next year vs 12% growth forecast for IT industry in Japan . Consensus price target of JP¥2,900 unchanged from last update. Share price fell 3.7% to JP¥2,544 over the past week. Price Target Changed • Nov 16
Price target increased to JP¥2,900 Up from JP¥2,645, the current price target is an average from 2 analysts. New target price is 13% above last closing price of JP¥2,558. Stock is up 16% over the past year. The company is forecast to post earnings per share of JP¥109 for next year compared to JP¥99.36 last year. Board Change • Nov 16
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 Toru Takeuchi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 02
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: JP¥44.59 (up from JP¥24.15 in 2Q 2022). Revenue: JP¥19.2b (up 9.8% from 2Q 2022). Net income: JP¥3.45b (up 81% from 2Q 2022). Profit margin: 18% (up from 11% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) also surpassed analyst estimates by 35%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 15% per year. Announcement • Oct 05
NSD Co., Ltd. (TSE:9759) acquired Trigger Inc. NSD Co., Ltd. (TSE:9759) acquired Trigger Inc. on October 3, 2022. Naoki Matsumoto will continue to serve as President and Representative Director of Trigger Inc.
NSD Co., Ltd. (TSE:9759) completed the acquisition of Trigger Inc. on October 3, 2022. Buying Opportunity • Sep 26
Now 22% undervalued Over the last 90 days, the stock is up 2.1%. The fair value is estimated to be JP¥3,089, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 16% in the next 2 years. Announcement • Sep 24
NSD Co., Ltd. to Report Q2, 2023 Results on Oct 31, 2022 NSD Co., Ltd. announced that they will report Q2, 2023 results on Oct 31, 2022 Announcement • Aug 26
NSD Co., Ltd. (TSE:9759) announces an Equity Buyback for 1,060,000 shares, representing 1.36% for ¥2,500 million. NSD Co., Ltd. (TSE:9759) announces a share repurchase program. Under the program, the company will repurchase up to 1,060,000 shares, representing 1.36% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,500 million. The purpose of the program is as part of shareholder returns. The program will continue through October 7, 2022. As of July 31, 2022, the company had 77,881,890 issued shares and 12,118,110 treasury shares. Buying Opportunity • Aug 24
Now 21% undervalued Over the last 90 days, the stock is up 6.4%. The fair value is estimated to be JP¥3,052, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 11%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 16% in the next 2 years. Price Target Changed • Aug 17
Price target increased to JP¥2,900 Up from JP¥2,645, the current price target is an average from 2 analysts. New target price is 15% above last closing price of JP¥2,530. Stock is up 33% over the past year. The company is forecast to post earnings per share of JP¥109 for next year compared to JP¥99.36 last year. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥23.04 (vs JP¥20.12 in 1Q 2022) First quarter 2023 results: EPS: JP¥23.04 (up from JP¥20.12 in 1Q 2022). Revenue: JP¥18.6b (up 10% from 1Q 2022). Net income: JP¥1.79b (up 13% from 1Q 2022). Profit margin: 9.6% (in line with 1Q 2022). Over the next year, revenue is forecast to grow 5.6%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • Jul 22
Price target increased to JP¥2,645 Up from JP¥2,400, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of JP¥2,541. Stock is up 37% over the past year. The company is forecast to post earnings per share of JP¥107 for next year compared to JP¥99.36 last year. Board Change • Jul 10
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 Toru Takeuchi was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 24
NSD Co., Ltd. to Report Q1, 2023 Results on Jul 29, 2022 NSD Co., Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Buying Opportunity • May 19
Now 20% undervalued Over the last 90 days, the stock is up 2.2%. The fair value is estimated to be JP¥2,709, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has grown by 10%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings is also forecast to grow by 6.4% per annum over the same time period. Announcement • May 12
NSD Co., Ltd., Annual General Meeting, Jun 24, 2022 NSD Co., Ltd., Annual General Meeting, Jun 24, 2022. Reported Earnings • May 11
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥99.36 (up from JP¥80.09 in FY 2021). Revenue: JP¥71.2b (up 7.6% from FY 2021). Net income: JP¥7.82b (up 23% from FY 2021). Profit margin: 11% (up from 9.6% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 5.1%, 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 10% per year whereas the company’s share price has increased by 13% per year. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 3 experienced directors. 1 highly experienced director. President, CEO & Representative Director Yoshikazu Imajo is the most experienced director on the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 01
NSD Co., Ltd. to Report Fiscal Year 2022 Results on May 09, 2022 NSD Co., Ltd. announced that they will report fiscal year 2022 results on May 09, 2022 Board Change • Mar 23
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 3 experienced directors. 1 highly experienced director. President, CEO & Representative Director Yoshikazu Imajo is the most experienced director on the board, commencing their role in 2009. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥52.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 03 June 2022. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Buying Opportunity • Mar 11
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.7%. The fair value is estimated to be JP¥2,624, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.6% per annum over the last 3 years. Earnings per share has grown by 9.3% per annum over the last 3 years. Announcement • Mar 05
NSD Co., Ltd Ordinary Shares to Be Deleted from Other OTC NSD Co., Ltd. (NIPPON SYSTEM DEVELOPMENT CO LTD) Ordinary Shares will be deleted from other OTC effective from March 4, 2022 due to Inactive Security.