Announcement • Oct 21
ViSCO Technologies Corporation to Delist from Standard Section of the Tokyo Stock Exchange, Effective November 19, 2024 ViSCO Technologies Corporation will be delisted from Standard Section of the Tokyo Stock Exchange effective from November 19, 2024, due to acquisition by a demand for share, etc. cash-out. Announcement • Aug 28
ViSCO Technologies Corporation to Report Q2, 2025 Results on Nov 13, 2024 ViSCO Technologies Corporation announced that they will report Q2, 2025 results on Nov 13, 2024 Reported Earnings • Aug 11
First quarter 2025 earnings released: JP¥0.51 loss per share (vs JP¥12.61 loss in 1Q 2024) First quarter 2025 results: JP¥0.51 loss per share (improved from JP¥12.61 loss in 1Q 2024). Revenue: JP¥839.0m (up 28% from 1Q 2024). Net loss: JP¥3.00m (loss narrowed 96% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. New Risk • Aug 09
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 8.1% 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 28% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (JP¥3.74b market cap, or US$25.4m). Reported Earnings • May 16
Full year 2024 earnings released: JP¥27.95 loss per share (vs JP¥16.55 profit in FY 2023) Full year 2024 results: JP¥27.95 loss per share (down from JP¥16.55 profit in FY 2023). Revenue: JP¥3.20b (down 9.1% from FY 2023). Net loss: JP¥168.0m (down 265% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • May 15
ViSCO Technologies Corporation, Annual General Meeting, Jun 26, 2024 ViSCO Technologies Corporation, Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 24 June 2024. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.4%). Announcement • Mar 02
ViSCO Technologies Corporation to Report Fiscal Year 2024 Results on May 13, 2024 ViSCO Technologies Corporation announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: JP¥32.01 loss per share (vs JP¥17.02 profit in 3Q 2023) Third quarter 2024 results: JP¥32.01 loss per share (down from JP¥17.02 profit in 3Q 2023). Revenue: JP¥856.0m (down 13% from 3Q 2023). Net loss: JP¥191.0m (down 284% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Announcement • Nov 29
ViSCO Technologies Corporation to Report Q3, 2024 Results on Feb 09, 2024 ViSCO Technologies Corporation announced that they will report Q3, 2024 results on Feb 09, 2024 Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥747, the stock trades at a trailing P/E ratio of 50.9x. Average trailing P/E is 14x in the Electronic industry in Japan. Total loss to shareholders of 26% over the past three years. Reported Earnings • Nov 15
Second quarter 2024 earnings released: EPS: JP¥6.61 (vs JP¥1.30 in 2Q 2023) Second quarter 2024 results: EPS: JP¥6.61 (up from JP¥1.30 in 2Q 2023). Revenue: JP¥795.0m (down 5.7% from 2Q 2023). Net income: JP¥40.0m (up 400% from 2Q 2023). Profit margin: 5.0% (up from 0.9% in 2Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Buying Opportunity • Nov 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be JP¥742, 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 33%. Announcement • Aug 31
ViSCO Technologies Corporation to Report Q2, 2024 Results on Nov 13, 2023 ViSCO Technologies Corporation announced that they will report Q2, 2024 results on Nov 13, 2023 New Risk • Aug 10
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 6.1% 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 8.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (1.6% net profit margin). Market cap is less than US$100m (JP¥3.91b market cap, or US$27.2m). Reported Earnings • Aug 09
First quarter 2024 earnings released: JP¥12.61 loss per share (vs JP¥4.94 loss in 1Q 2023) First quarter 2024 results: JP¥12.61 loss per share (further deteriorated from JP¥4.94 loss in 1Q 2023). Revenue: JP¥658.0m (down 8.1% from 1Q 2023). Net loss: JP¥77.0m (loss widened 148% from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥647, the stock trades at a trailing P/E ratio of 38.4x. Average trailing P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 34% over the past three years. Announcement • May 31
ViSCO Technologies Corporation to Report Q1, 2024 Results on Aug 08, 2023 ViSCO Technologies Corporation announced that they will report Q1, 2024 results on Aug 08, 2023 Announcement • May 13
ViSCO Technologies Corporation, Annual General Meeting, Jun 22, 2023 ViSCO Technologies Corporation, Annual General Meeting, Jun 22, 2023. Reported Earnings • May 12
Full year 2023 earnings released: EPS: JP¥16.55 (vs JP¥73.83 in FY 2022) Full year 2023 results: EPS: JP¥16.55 (down from JP¥73.83 in FY 2022). Revenue: JP¥3.52b (down 11% from FY 2022). Net income: JP¥102.0m (down 78% from FY 2022). Profit margin: 2.9% (down from 12% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 16% per year. Buying Opportunity • May 12
Now 21% undervalued Over the last 90 days, the stock is up 18%. The fair value is estimated to be JP¥904, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.8% over the last 3 years, while earnings per share has been flat. Announcement • May 11
ViSCO Technologies Corporation (TSE:6698) announces an Equity Buyback for 220,000 shares, representing 3.58% for ¥150 million. ViSCO Technologies Corporation (TSE:6698) announces a share repurchase program. Under the program, the company will repurchase up to 220,000 shares, representing 3.58% of its total shares outstanding (excluding treasury shares), for a total of ¥150 million. The purpose of repurchase program is to implement a flexible capital policy that responds to changes in the business environment, improve capital efficiency, and enhance shareholder returns. The repurchase program is valid till February 29, 2024. As of March 31, 2023, the company had 6,141,422 shares outstanding (excluding treasury shares) and had 298,578 shares in treasury. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥17.02 (vs JP¥2.39 in 3Q 2022) Third quarter 2023 results: EPS: JP¥17.02 (up from JP¥2.39 in 3Q 2022). Revenue: JP¥982.0m (up 27% from 3Q 2022). Net income: JP¥104.0m (up JP¥89.0m from 3Q 2022). Profit margin: 11% (up from 1.9% in 3Q 2022). 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 19% per year, which means it is significantly lagging earnings. Announcement • Nov 30
ViSCO Technologies Corporation to Report Q3, 2023 Results on Feb 10, 2023 ViSCO Technologies Corporation announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥1.30 (vs JP¥6.06 in 2Q 2022) Second quarter 2023 results: EPS: JP¥1.30 (down from JP¥6.06 in 2Q 2022). Revenue: JP¥843.0m (up 1.1% from 2Q 2022). Net income: JP¥8.00m (down 79% from 2Q 2022). Profit margin: 0.9% (down from 4.6% 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 5% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Announcement • Aug 28
ViSCO Technologies Corporation to Report Q2, 2023 Results on Nov 11, 2022 ViSCO Technologies Corporation announced that they will report Q2, 2023 results on Nov 11, 2022 Reported Earnings • Aug 09
First quarter 2023 earnings released: JP¥4.94 loss per share (vs JP¥33.05 profit in 1Q 2022) First quarter 2023 results: JP¥4.94 loss per share (down from JP¥33.05 profit in 1Q 2022). Revenue: JP¥716.0m (down 39% from 1Q 2022). Net loss: JP¥31.0m (down 115% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Jul 03
ViSCO Technologies Corporation to Report Q1, 2023 Results on Aug 08, 2022 ViSCO Technologies Corporation announced that they will report Q1, 2023 results on Aug 08, 2022 Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥73.83 (vs JP¥67.77 in FY 2021) Full year 2022 results: EPS: JP¥73.83 (up from JP¥67.77 in FY 2021). Revenue: JP¥3.98b (up 5.8% from FY 2021). Net income: JP¥463.0m (up 7.4% from FY 2021). Profit margin: 12% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 10 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 08
ViSCO Technologies Corporation to Report Fiscal Year 2022 Results on May 10, 2022 ViSCO Technologies Corporation announced that they will report fiscal year 2022 results on May 10, 2022 Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorated over the past week After last week's 20% share price decline to JP¥812, the stock trades at a trailing P/E ratio of 12.1x. Average trailing P/E is 12x in the Electronic industry in Japan. Total loss to shareholders of 58% over the past three years. Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥2.39 (down from JP¥14.93 in 3Q 2021). Revenue: JP¥772.0m (down 15% from 3Q 2021). Net income: JP¥15.0m (down 84% from 3Q 2021). Profit margin: 1.9% (down from 11% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment deteriorated over the past week After last week's 20% share price decline to JP¥1,257, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 14x in the Electronic industry in Japan. Total loss to shareholders of 31% over the past three years. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥6.06 (vs JP¥16.23 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥834.0m (down 12% from 2Q 2021). Net income: JP¥38.0m (down 64% from 2Q 2021). Profit margin: 4.6% (down from 11% in 2Q 2021). The decrease in margin was driven by lower 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 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment improved over the past week After last week's 22% share price gain to JP¥1,706, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 14x in the Electronic industry in Japan. Total loss to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Aug 26
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥1,397, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 14x in the Electronic industry in Japan. Total loss to shareholders of 32% over the past three years. Reported Earnings • Aug 09
First quarter 2022 earnings released: EPS JP¥33.05 (vs JP¥10.77 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥1.17b (up 41% from 1Q 2021). Net income: JP¥207.0m (up 200% from 1Q 2021). Profit margin: 18% (up from 8.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,250, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 16x in the Electronic industry in Japan. Total loss to shareholders of 43% over the past three years. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥1,009, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 16x in the Electronic industry in Japan. Total loss to shareholders of 61% over the past three years. Reported Earnings • May 12
Full year 2021 earnings released: EPS JP¥67.77 (vs JP¥47.63 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥3.76b (up 8.4% from FY 2020). Net income: JP¥431.0m (up 42% from FY 2020). Profit margin: 12% (up from 8.8% in FY 2020). 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 26% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.1%). Announcement • Mar 04
ViSCO Technologies Corporation to Report Fiscal Year 2021 Results on May 10, 2021 ViSCO Technologies Corporation announced that they will report fiscal year 2021 results on May 10, 2021 Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥14.93 (vs JP¥2.19 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥906.0m (up 18% from 3Q 2020). Net income: JP¥95.0m (up JP¥81.0m from 3Q 2020). Profit margin: 11% (up from 1.8% in 3Q 2020). 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 28% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Feb 10
New 90-day high: JP¥1,138 The company is up 10.0% from its price of JP¥1,030 on 12 November 2020. The Japanese market is up 11% 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. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥929 The company is down 3.0% from its price of JP¥958 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 18% over the same period. Announcement • Sep 04
ViSCO Technologies Corporation to Report Q2, 2021 Results on Nov 11, 2020 ViSCO Technologies Corporation announced that they will report Q2, 2021 results on Nov 11, 2020