New Risk • Jun 16
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 8.9% 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 7.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.9% average weekly change). Market cap is less than US$100m (JP¥2.15b market cap, or US$13.4m). Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥22.57 (vs JP¥23.91 in FY 2025) Full year 2026 results: EPS: JP¥22.57 (down from JP¥23.91 in FY 2025). Revenue: JP¥2.31b (up 6.0% from FY 2025). Net income: JP¥106.0m (down 5.4% from FY 2025). Profit margin: 4.6% (down from 5.1% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • May 14
p-ban.com Corp., Annual General Meeting, Jun 23, 2026 p-ban.com Corp., Annual General Meeting, Jun 23, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥9.15 (vs JP¥4.91 in 3Q 2025) Third quarter 2026 results: EPS: JP¥9.15 (up from JP¥4.91 in 3Q 2025). Revenue: JP¥607.0m (up 5.7% from 3Q 2025). Net income: JP¥43.0m (up 87% from 3Q 2025). Profit margin: 7.1% (up from 4.0% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% 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 • Feb 03
Now 20% overvalued Over the last 90 days, the stock has fallen 2.9% to JP¥501. The fair value is estimated to be JP¥417, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 3.7%. Buy Or Sell Opportunity • Jan 06
Now 21% overvalued Over the last 90 days, the stock has fallen 4.9% to JP¥500. The fair value is estimated to be JP¥414, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 3.7%. Buy Or Sell Opportunity • Dec 15
Now 20% overvalued Over the last 90 days, the stock has fallen 8.4% to JP¥500. The fair value is estimated to be JP¥416, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 3.7%. Buy Or Sell Opportunity • Nov 20
Now 21% overvalued Over the last 90 days, the stock has fallen 7.5% to JP¥504. The fair value is estimated to be JP¥418, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 3.7%. Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: JP¥5.11 (vs JP¥5.98 in 2Q 2025) Second quarter 2026 results: EPS: JP¥5.11 (down from JP¥5.98 in 2Q 2025). Revenue: JP¥555.0m (up 3.4% from 2Q 2025). Net income: JP¥24.0m (down 14% from 2Q 2025). Profit margin: 4.3% (down from 5.2% 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 4% per year whereas the company’s share price has fallen by 1% per year. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: JP¥3.41 (vs JP¥2.57 in 1Q 2025) First quarter 2026 results: EPS: JP¥3.41 (up from JP¥2.57 in 1Q 2025). Revenue: JP¥505.0m (up 7.2% from 1Q 2025). Net income: JP¥16.0m (up 33% from 1Q 2025). Profit margin: 3.2% (up from 2.5% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has increased by 1% per year. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 2 highly experienced directors. Independent Outside Director Hiroshi Mori was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 39% After last week's 39% share price gain to JP¥656, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 33% over the past three years. Buy Or Sell Opportunity • Jun 10
Now 32% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to JP¥556. The fair value is estimated to be JP¥421, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has declined by 8.9%. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥500, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 4.3% over the past three years. Reported Earnings • May 20
Full year 2025 earnings released: EPS: JP¥23.91 (vs JP¥19.94 in FY 2024) Full year 2025 results: EPS: JP¥23.91 (up from JP¥19.94 in FY 2024). Revenue: JP¥2.18b (up 8.2% from FY 2024). Net income: JP¥112.0m (up 20% from FY 2024). Profit margin: 5.1% (up from 4.6% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 6% per year. Announcement • May 15
p-ban.com Corp., Annual General Meeting, Jun 24, 2025 p-ban.com Corp., Annual General Meeting, Jun 24, 2025. Announcement • Mar 27
p-ban.com Corp. to Report Fiscal Year 2025 Results on May 14, 2025 p-ban.com Corp. announced that they will report fiscal year 2025 results on May 14, 2025 Buy Or Sell Opportunity • Mar 27
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 51% to JP¥564. The fair value is estimated to be JP¥460, 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. Earnings per share has declined by 18%. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.7%). Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥525, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 6.3% over the past three years. Buy Or Sell Opportunity • Feb 17
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 62% to JP¥579. The fair value is estimated to be JP¥458, 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. Earnings per share has declined by 18%. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥4.91 (vs JP¥3.85 in 3Q 2024) Third quarter 2025 results: EPS: JP¥4.91 (up from JP¥3.85 in 3Q 2024). Revenue: JP¥574.0m (up 13% from 3Q 2024). Net income: JP¥23.0m (up 28% from 3Q 2024). Profit margin: 4.0% (up from 3.5% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% 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. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥454, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 13x in the Electronic industry in Japan. Total loss to shareholders of 22% over the past three years. New Risk • Dec 02
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 7.2% 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 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (JP¥2.00b market cap, or US$13.3m). Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥429, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 13x in the Electronic industry in Japan. Total loss to shareholders of 20% over the past three years. Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥19.94 (vs JP¥19.33 in FY 2023) Full year 2024 results: EPS: JP¥19.94 (up from JP¥19.33 in FY 2023). Revenue: JP¥2.02b (flat on FY 2023). Net income: JP¥93.0m (up 1.1% from FY 2023). Profit margin: 4.6% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year whereas the company’s share price has fallen by 25% per year. Announcement • May 16
p-ban.com Corp., Annual General Meeting, Jun 25, 2024 p-ban.com Corp., Annual General Meeting, Jun 25, 2024. Announcement • Apr 29
p-ban.com Corp. to Report Fiscal Year 2024 Results on May 14, 2024 p-ban.com Corp. announced that they will report fiscal year 2024 results on May 14, 2024 Upcoming Dividend • Mar 21
Inaugural dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 28 June 2024. This is the first dividend for p-ban.com since going public. The average dividend yield among industry peers is 1.4%. Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: JP¥3.85 (vs JP¥6.99 in 3Q 2023) Third quarter 2024 results: EPS: JP¥3.85 (down from JP¥6.99 in 3Q 2023). Revenue: JP¥510.0m (down 3.6% from 3Q 2023). Net income: JP¥18.0m (down 46% from 3Q 2023). Profit margin: 3.5% (down from 6.2% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 17
Second quarter 2024 earnings released: EPS: JP¥3.21 (vs JP¥6.00 in 2Q 2023) Second quarter 2024 results: EPS: JP¥3.21 (down from JP¥6.00 in 2Q 2023). Revenue: JP¥478.0m (down 5.5% from 2Q 2023). Net income: JP¥15.0m (down 48% from 2Q 2023). Profit margin: 3.1% (down from 5.7% in 2Q 2023). 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 but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 14
First quarter 2024 earnings released: EPS: JP¥4.10 (vs JP¥4.13 in 1Q 2023) First quarter 2024 results: EPS: JP¥4.10 (down from JP¥4.13 in 1Q 2023). Revenue: JP¥470.0m (up 6.6% from 1Q 2023). Net income: JP¥19.0m (down 5.0% from 1Q 2023). Profit margin: 4.0% (down from 4.5% in 1Q 2023). 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 21% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥19.33 (vs JP¥28.89 in FY 2022) Full year 2023 results: EPS: JP¥19.33 (down from JP¥28.89 in FY 2022). Revenue: JP¥2.02b (up 4.3% from FY 2022). Net income: JP¥92.0m (down 33% from FY 2022). Profit margin: 4.6% (down from 7.1% 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 8% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • May 13
p-ban.com Corp., Annual General Meeting, Jun 27, 2023 p-ban.com Corp., Annual General Meeting, Jun 27, 2023. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 28 June 2023. This is the first dividend for p-ban.com since going public. The average dividend yield among industry peers is 1.6%. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥6.99 (vs JP¥6.31 in 3Q 2022) Third quarter 2023 results: EPS: JP¥6.99 (up from JP¥6.31 in 3Q 2022). Revenue: JP¥529.0m (up 7.7% from 3Q 2022). Net income: JP¥33.0m (up 10.0% from 3Q 2022). Profit margin: 6.2% (up from 6.1% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Director Hiroshi Mori was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥6.00 (vs JP¥7.42 in 2Q 2022) Second quarter 2023 results: EPS: JP¥6.00 (down from JP¥7.42 in 2Q 2022). Revenue: JP¥506.0m (up 7.0% from 2Q 2022). Net income: JP¥29.0m (down 17% from 2Q 2022). Profit margin: 5.7% (down from 7.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Announcement • Aug 15
p-ban.com Corp. (TSE:3559) announces an Equity Buyback for 250,000 shares, representing 5.15% for ¥150 million. p-ban.com Corp. (TSE:3559) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 5.15% of its issued share capital (excluding treasury stock), for ¥150 million. The purpose of the program is to enhance shareholder returns, and improve capital efficiency, taking into consideration future growth plans. The program will run until March 31, 2023. As of August 12, 2022, the company had 4,853,187 shares in issue (excluding treasury stock) and 72,019 shares in treasury. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: JP¥4.13 (vs JP¥7.03 in 1Q 2022) First quarter 2023 results: EPS: JP¥4.13 (down from JP¥7.03 in 1Q 2022). Revenue: JP¥441.0m (down 4.1% from 1Q 2022). Net income: JP¥20.0m (down 39% from 1Q 2022). Profit margin: 4.5% (down from 7.2% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • May 19
Full year 2022 earnings released: EPS: JP¥28.89 (vs JP¥31.73 in FY 2021) Full year 2022 results: EPS: JP¥28.89 (down from JP¥31.73 in FY 2021). Revenue: JP¥1.93b (down 2.9% from FY 2021). Net income: JP¥137.0m (down 3.5% from FY 2021). Profit margin: 7.1% (in line with FY 2021). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • May 14
p-ban.com Corp., Annual General Meeting, Jun 27, 2022 p-ban.com Corp., Annual General Meeting, Jun 27, 2022. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Director & Audit & Supervisory Committee Tetsuro Akasaki was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Buying Opportunity • Apr 07
Now 23% undervalued Over the last 90 days, the stock is up 9.4%. The fair value is estimated to be JP¥731, 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 declined by 58%. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. The company is not currently making a profit but it is cash flow positive. This is the first dividend for p-ban.com since going public. The average dividend yield among industry peers is 1.3%. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 19% share price decline to JP¥484, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 11x in the Electronic industry in Japan. Total loss to shareholders of 33% over the past three years. Buying Opportunity • Feb 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.0%. The fair value is estimated to be JP¥726, 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 declined by 58% per annum over the last 3 years. Reported Earnings • Feb 15
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥6.31 (down from JP¥7.42 in 3Q 2021). Revenue: JP¥491.0m (up 1.7% from 3Q 2021). Net income: JP¥30.0m (down 6.2% from 3Q 2021). Profit margin: 6.1% (down from 6.6% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. 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 4% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥617, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 13x in the Electronic industry in Japan. Negligible returns to shareholders over past three years. Reported Earnings • Nov 13
Second quarter 2022 earnings released: EPS JP¥7.42 (vs JP¥4.30 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥473.0m (up 7.0% from 2Q 2021). Net income: JP¥35.0m (up 84% from 2Q 2021). Profit margin: 7.4% (up from 4.3% in 2Q 2021). The increase in margin was driven by higher revenue. 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 7% per year, which means it has not declined as severely as earnings. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥31.73 (vs JP¥24.79 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥1.99b (down 6.8% from FY 2020). Net income: JP¥142.0m (up 28% from FY 2020). Profit margin: 7.1% (up from 5.2% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 56% 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. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. This is the first dividend for p-ban.com since going public. The average dividend yield among industry peers is 1.1%. Is New 90 Day High Low • Feb 19
New 90-day low: JP¥874 The company is down 3.0% from its price of JP¥902 on 20 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 15% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥7.42 (vs JP¥4.37 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥483.0m (down 16% from 3Q 2020). Net income: JP¥32.0m (down 18% from 3Q 2020). Profit margin: 6.6% (down from 6.8% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 49% 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. Is New 90 Day High Low • Jan 04
New 90-day high: JP¥1,080 The company is up 13% from its price of JP¥953 on 06 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 19% over the same period.