Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,965, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Electronic industry in Japan. Total returns to shareholders of 76% over the past three years. Announcement • Mar 11
Secure, Inc. announced that it expects to receive ¥959.364 million in funding from Ricoh Japan Corporation Secure, Inc. announces a private placement with Ricoh Japan Corporation to issue 567,000 common shares at a price of JPY 1,692 per share for gross proceeds of JPY 959,364,000 on March 9, 2026. Expected closing date of the offering is March 25, 2026. Reported Earnings • Feb 16
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥34.19 (down from JP¥50.41 in FY 2024). Revenue: JP¥6.84b (up 9.5% from FY 2024). Net income: JP¥187.0m (down 22% from FY 2024). Profit margin: 2.7% (down from 3.8% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Feb 13
Secure, Inc., Annual General Meeting, Mar 30, 2026 Secure, Inc., Annual General Meeting, Mar 30, 2026. Announcement • Dec 03
Secure, Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026 Secure, Inc. announced that they will report fiscal year 2025 results on Feb 13, 2026 New Risk • Nov 28
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 5.5% 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 Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (JP¥8.22b market cap, or US$52.7m). Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: JP¥9.81 (vs JP¥5.87 in 3Q 2024) Third quarter 2025 results: EPS: JP¥9.81 (up from JP¥5.87 in 3Q 2024). Revenue: JP¥1.65b (up 4.4% from 3Q 2024). Net income: JP¥55.0m (up 96% from 3Q 2024). Profit margin: 3.3% (up from 1.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • Oct 02
Secure, Inc. to Report Q3, 2025 Results on Nov 13, 2025 Secure, Inc. announced that they will report Q3, 2025 results on Nov 13, 2025 Reported Earnings • Aug 15
Second quarter 2025 earnings released: JP¥8.40 loss per share (vs JP¥2.73 loss in 2Q 2024) Second quarter 2025 results: JP¥8.40 loss per share (further deteriorated from JP¥2.73 loss in 2Q 2024). Revenue: JP¥1.49b (up 10% from 2Q 2024). Net loss: JP¥47.0m (loss widened 262% from 2Q 2024). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Announcement • Jun 11
Secure, Inc. to Report Q2, 2025 Results on Aug 13, 2025 Secure, Inc. announced that they will report Q2, 2025 results on Aug 13, 2025 Reported Earnings • May 18
First quarter 2025 earnings released: EPS: JP¥19.04 (vs JP¥41.73 in 1Q 2024) First quarter 2025 results: EPS: JP¥19.04 (down from JP¥41.73 in 1Q 2024). Revenue: JP¥1.81b (up 1.1% from 1Q 2024). Net income: JP¥96.0m (down 52% from 1Q 2024). Profit margin: 5.3% (down from 11% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,441, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 11x in the Electronic industry in Japan. Total returns to shareholders of 21% over the past three years. New Risk • Apr 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (JP¥9.15b market cap, or US$61.2m). Announcement • Mar 08
Secure, Inc. to Report Q1, 2025 Results on May 13, 2025 Secure, Inc. announced that they will report Q1, 2025 results on May 13, 2025 Reported Earnings • Feb 16
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥50.41 (up from JP¥35.50 in FY 2023). Revenue: JP¥6.25b (up 20% from FY 2023). Net income: JP¥240.0m (up 43% from FY 2023). Profit margin: 3.8% (up from 3.2% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 3.9%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • Feb 14
Secure, Inc., Annual General Meeting, Mar 27, 2025 Secure, Inc., Annual General Meeting, Mar 27, 2025. Announcement • Dec 03
Secure, Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025 Secure, Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025 Announcement • Oct 02
Secure, Inc. to Report Q3, 2024 Results on Nov 13, 2024 Secure, Inc. announced that they will report Q3, 2024 results on Nov 13, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 33% After last week's 33% share price decline to JP¥1,240, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 38% over the past year. Announcement • Jun 20
Secure, Inc. to Report Q2, 2024 Results on Aug 13, 2024 Secure, Inc. announced that they will report Q2, 2024 results on Aug 13, 2024 Valuation Update With 7 Day Price Move • May 29
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥2,163, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the Electronic industry in Japan. Total loss to shareholders of 15% over the past year. Reported Earnings • May 18
First quarter 2024 earnings released: EPS: JP¥41.73 (vs JP¥26.70 in 1Q 2023) First quarter 2024 results: EPS: JP¥41.73 (up from JP¥26.70 in 1Q 2023). Revenue: JP¥1.79b (up 23% from 1Q 2023). Net income: JP¥198.0m (up 57% from 1Q 2023). Profit margin: 11% (up from 8.6% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥2,662, the stock trades at a forward P/E ratio of 55x. Average forward P/E is 14x in the Electronic industry in Japan. Total returns to shareholders of 46% over the past year. New Risk • May 01
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 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risk Market cap is less than US$100m (JP¥9.08b market cap, or US$57.5m). Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,683, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 53% over the past year. Announcement • Apr 03
Secure, Inc. to Report Q1, 2024 Results on May 14, 2024 Secure, Inc. announced that they will report Q1, 2024 results on May 14, 2024 Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,586, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 15x in the Electronic industry in Japan. Total returns to shareholders of 30% over the past year. Announcement • Feb 16
Secure, Inc., Annual General Meeting, Mar 28, 2024 Secure, Inc., Annual General Meeting, Mar 28, 2024. Reported Earnings • Feb 16
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥35.50 (up from JP¥48.39 loss in FY 2022). Revenue: JP¥5.19b (up 53% from FY 2022). Net income: JP¥168.0m (up JP¥395.0m from FY 2022). Profit margin: 3.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 20% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Electronic industry in Japan. Announcement • Dec 29
Secure, Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024 Secure, Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,593, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 13x in the Electronic industry in Japan. Total returns to shareholders of 124% over the past year. Reported Earnings • Nov 11
Third quarter 2023 earnings released: JP¥0.63 loss per share (vs JP¥17.45 loss in 3Q 2022) Third quarter 2023 results: JP¥0.63 loss per share (improved from JP¥17.45 loss in 3Q 2022). Revenue: JP¥1.16b (up 40% from 3Q 2022). Net loss: JP¥3.00m (loss narrowed 96% from 3Q 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. Announcement • Oct 05
Secure, Inc. to Report Q3, 2023 Results on Nov 10, 2023 Secure, Inc. announced that they will report Q3, 2023 results on Nov 10, 2023 Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: JP¥8.26 (vs JP¥17.45 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥8.26 (up from JP¥17.45 loss in 2Q 2022). Revenue: JP¥1.17b (up 41% from 2Q 2022). Net income: JP¥39.0m (up JP¥121.0m from 2Q 2022). Profit margin: 3.3% (up from net loss in 2Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Electronic industry in Japan. Announcement • Jun 28
Secure, Inc. to Report Q2, 2023 Results on Aug 10, 2023 Secure, Inc. announced that they will report Q2, 2023 results on Aug 10, 2023 Announcement • Dec 08
Secure, Inc. to Report Fiscal Year 2022 Results on Feb 14, 2023 Secure, Inc. announced that they will report fiscal year 2022 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment deteriorated over the past week After last week's 18% share price decline to JP¥840, the stock trades at a trailing P/E ratio of 30.1x. Average trailing P/E is 12x in the Electronic industry in Japan. Valuation Update With 7 Day Price Move • Jul 08
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,050, the stock trades at a trailing P/E ratio of 37.6x. Average trailing P/E is 11x in the Electronic industry in Japan. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,118, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 12x in the Electronic industry in Japan. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,080, the stock trades at a trailing P/E ratio of 37.8x. Average trailing P/E is 12x in the Electronic industry in Japan. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥1,347, the stock trades at a trailing P/E ratio of 47.2x. Average trailing P/E is 12x in the Electronic industry in Japan. Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥1,257, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 12x in the Electronic industry in Japan. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorated over the past week After last week's 36% share price decline to JP¥927, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 12x in the Electronic industry in Japan. Announcement • Dec 28
Secure, Inc. has completed an IPO in the amount of ¥635.55 million. Secure, Inc. has completed an IPO in the amount of ¥635.55 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 669,000
Price\Range: ¥950
Discount Per Security: ¥76
Transaction Features: Sponsor Backed Offering