Announcement • May 09
FreeBit Co., Ltd. to Report Fiscal Year 2026 Results on Jun 12, 2026 FreeBit Co., Ltd. announced that they will report fiscal year 2026 results on Jun 12, 2026 Upcoming Dividend • Apr 21
Upcoming dividend of JP¥41.00 per share Eligible shareholders must have bought the stock before 28 April 2026. Payment date: 10 July 2026. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (3.3%). Reported Earnings • Mar 14
Third quarter 2026 earnings released: EPS: JP¥47.38 (vs JP¥37.63 in 3Q 2025) Third quarter 2026 results: EPS: JP¥47.38 (up from JP¥37.63 in 3Q 2025). Revenue: JP¥15.4b (up 11% from 3Q 2025). Net income: JP¥1.03b (up 36% from 3Q 2025). Profit margin: 6.7% (up from 5.5% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Feb 06
FreeBit Co., Ltd. to Report Q3, 2026 Results on Mar 13, 2026 FreeBit Co., Ltd. announced that they will report Q3, 2026 results on Mar 13, 2026 Buy Or Sell Opportunity • Jan 29
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.4% to JP¥1,659. The fair value is estimated to be JP¥1,369, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 42% in the next 2 years. Buy Or Sell Opportunity • Jan 15
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 9.0% to JP¥1,750. The fair value is estimated to be JP¥1,447, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 20% in 2 years. Earnings are forecast to grow by 42% in the next 2 years. Buy Or Sell Opportunity • Dec 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.4% to JP¥1,684. The fair value is estimated to be JP¥1,392, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 26%. Revenue is forecast to grow by 11% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Declared Dividend • Dec 14
Dividend of JP¥41.00 announced Shareholders will receive a dividend of JP¥41.00. Ex-date: 28th April 2026 Payment date: 10th July 2026 Dividend yield will be 2.6%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (19% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 19% 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 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Dec 13
Second quarter 2026 earnings released: EPS: JP¥55.38 (vs JP¥47.44 in 2Q 2025) Second quarter 2026 results: EPS: JP¥55.38 (up from JP¥47.44 in 2Q 2025). Revenue: JP¥15.6b (up 17% from 2Q 2025). Net income: JP¥1.21b (up 26% from 2Q 2025). Profit margin: 7.7% (up from 7.2% in 2Q 2025). 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 3.3% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Oct 24
FreeBit Co., Ltd. to Report Q2, 2026 Results on Dec 12, 2025 FreeBit Co., Ltd. announced that they will report Q2, 2026 results on Dec 12, 2025 Reported Earnings • Sep 14
First quarter 2026 earnings released: EPS: JP¥48.76 (vs JP¥44.09 in 1Q 2025) First quarter 2026 results: EPS: JP¥48.76 (up from JP¥44.09 in 1Q 2025). Revenue: JP¥15.2b (up 14% from 1Q 2025). Net income: JP¥1.06b (up 20% from 1Q 2025). Profit margin: 7.0% (up from 6.6% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Board Change • Aug 14
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 Nobuhiko Komeya was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 29
FreeBit Co., Ltd. to Report Q1, 2026 Results on Sep 12, 2025 FreeBit Co., Ltd. announced that they will report Q1, 2026 results on Sep 12, 2025 Buy Or Sell Opportunity • Jun 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.0% to JP¥1,411. The fair value is estimated to be JP¥1,784, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.6% over the last 3 years. Earnings per share has grown by 45%. Revenue is forecast to grow by 12% in 2 years. Earnings are forecast to grow by 53% in the next 2 years. Reported Earnings • Jun 15
Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2025 results: EPS: JP¥136 (down from JP¥179 in FY 2024). Revenue: JP¥55.1b (up 3.8% from FY 2024). Net income: JP¥2.75b (down 23% from FY 2024). Profit margin: 5.0% (down from 6.7% in FY 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 4.3%. Revenue is forecast to grow 5.8% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Announcement • Jun 13
FreeBit Co., Ltd., Annual General Meeting, Jul 24, 2025 FreeBit Co., Ltd., Annual General Meeting, Jul 24, 2025. Announcement • Apr 23
FreeBit Co., Ltd. to Report Fiscal Year 2025 Results on Jun 13, 2025 FreeBit Co., Ltd. announced that they will report fiscal year 2025 results on Jun 13, 2025 Upcoming Dividend • Apr 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 April 2025. Payment date: 11 July 2025. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (3.3%). 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¥1,280, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 13x in the Telecom industry in Japan. Total returns to shareholders of 51% over the past three years. Announcement • Apr 04
FreeBit Co., Ltd. announced that it has received ¥2.042373328 billion in funding from SoftBank Corp. On April 3, 2025, FreeBit Co., Ltd. closed the transaction. Reported Earnings • Mar 15
Third quarter 2025 earnings released: EPS: JP¥37.61 (vs JP¥44.46 in 3Q 2024) Third quarter 2025 results: EPS: JP¥37.61 (down from JP¥44.46 in 3Q 2024). Revenue: JP¥13.9b (up 7.8% from 3Q 2024). Net income: JP¥759.0m (down 14% from 3Q 2024). Profit margin: 5.4% (down from 6.9% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. New Risk • Feb 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 5.7% 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. Announcement • Jan 25
FreeBit Co., Ltd. to Report Q3, 2025 Results on Mar 14, 2025 FreeBit Co., Ltd. announced that they will report Q3, 2025 results on Mar 14, 2025 Declared Dividend • Dec 16
Dividend increased to JP¥30.00 Dividend of JP¥30.00 is 11% higher than last year. Ex-date: 28th April 2025 Payment date: 11th July 2025 Dividend yield will be 2.1%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is well covered by both earnings (16% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 16% 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 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Dec 15
Second quarter 2025 earnings released: EPS: JP¥47.44 (vs JP¥55.94 in 2Q 2024) Second quarter 2025 results: EPS: JP¥47.44 (down from JP¥55.94 in 2Q 2024). Revenue: JP¥13.3b (up 2.3% from 2Q 2024). Net income: JP¥955.0m (down 14% from 2Q 2024). Profit margin: 7.2% (down from 8.6% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Oct 26
FreeBit Co., Ltd. to Report Q2, 2025 Results on Dec 13, 2024 FreeBit Co., Ltd. announced that they will report Q2, 2025 results on Dec 13, 2024 Reported Earnings • Sep 17
First quarter 2025 earnings released: EPS: JP¥40.71 (vs JP¥43.24 in 1Q 2024) First quarter 2025 results: EPS: JP¥40.71 (down from JP¥43.24 in 1Q 2024). Revenue: JP¥13.3b (down 5.3% from 1Q 2024). Net income: JP¥813.0m (down 5.8% from 1Q 2024). Profit margin: 6.1% (in line with 1Q 2024). Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to JP¥980, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Telecom industry in Japan. Total returns to shareholders of 34% over the past three years. Announcement • Jul 27
FreeBit Co., Ltd. to Report Q1, 2025 Results on Sep 13, 2024 FreeBit Co., Ltd. announced that they will report Q1, 2025 results on Sep 13, 2024 Buy Or Sell Opportunity • Jul 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.1% to JP¥1,382. The fair value is estimated to be JP¥1,731, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has grown by 41%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings are also forecast to grow by 3.6% per annum over the same time period. Reported Earnings • Jun 16
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥179 (up from JP¥95.07 in FY 2023). Revenue: JP¥53.0b (up 13% from FY 2023). Net income: JP¥3.57b (up 99% from FY 2023). Profit margin: 6.7% (up from 3.8% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 9.3%. Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Jun 15
FreeBit Co., Ltd., Annual General Meeting, Jul 25, 2024 FreeBit Co., Ltd., Annual General Meeting, Jul 25, 2024. Announcement • Apr 22
FreeBit Co., Ltd. to Report Fiscal Year 2024 Results on Jun 14, 2024 FreeBit Co., Ltd. announced that they will report fiscal year 2024 results on Jun 14, 2024 Upcoming Dividend • Apr 19
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 13 July 2024. Payout ratio is a comfortable 5.3% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,358, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 14x in the Telecom industry in Japan. Total returns to shareholders of 43% over the past three years. Reported Earnings • Mar 09
Third quarter 2024 earnings released: EPS: JP¥44.46 (vs JP¥43.22 in 3Q 2023) Third quarter 2024 results: EPS: JP¥44.46 (up from JP¥43.22 in 3Q 2023). Revenue: JP¥12.9b (up 11% from 3Q 2023). Net income: JP¥888.0m (up 9.2% from 3Q 2023). Profit margin: 6.9% (down from 7.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jan 18
FreeBit Co., Ltd. to Report Q3, 2024 Results on Mar 08, 2024 FreeBit Co., Ltd. announced that they will report Q3, 2024 results on Mar 08, 2024 Reported Earnings • Dec 12
Second quarter 2024 earnings released: EPS: JP¥55.94 (vs JP¥28.61 in 2Q 2023) Second quarter 2024 results: EPS: JP¥55.94 (up from JP¥28.61 in 2Q 2023). Revenue: JP¥13.0b (up 14% from 2Q 2023). Net income: JP¥1.12b (up 108% from 2Q 2023). Profit margin: 8.6% (up from 4.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Oct 13
FreeBit Co., Ltd. to Report Q2, 2024 Results on Dec 08, 2023 FreeBit Co., Ltd. announced that they will report Q2, 2024 results on Dec 08, 2023 Board Change • Aug 17
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 Nobuhiko Komeya was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 02
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥95.07 (up from JP¥41.82 in FY 2022). Revenue: JP¥46.8b (up 8.6% from FY 2022). Net income: JP¥1.79b (up 117% from FY 2022). Profit margin: 3.8% (up from 1.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 7.8%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. New Risk • Jun 13
New major 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 7.3% 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 (7.3% average weekly change). Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Reported Earnings • Jun 11
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥95.07 (up from JP¥41.82 in FY 2022). Revenue: JP¥46.8b (up 8.6% from FY 2022). Net income: JP¥1.79b (up 117% from FY 2022). Profit margin: 3.8% (up from 1.9% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 7.8%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% 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
FreeBit Co., Ltd., Annual General Meeting, Jul 27, 2023 FreeBit Co., Ltd., Annual General Meeting, Jul 27, 2023. Upcoming Dividend • Apr 20
Upcoming dividend of JP¥7.50 per share at 0.5% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.9%). Buying Opportunity • Mar 20
Now 21% undervalued Over the last 90 days, the stock is up 36%. The fair value is estimated to be JP¥1,704, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 53% in the next 2 years. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥1,384, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Telecom industry in Japan. Total returns to shareholders of 161% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,704 per share. Reported Earnings • Mar 11
Third quarter 2023 earnings released: EPS: JP¥43.22 (vs JP¥26.40 in 3Q 2022) Third quarter 2023 results: EPS: JP¥43.22 (up from JP¥26.40 in 3Q 2022). Revenue: JP¥11.6b (up 9.7% from 3Q 2022). Net income: JP¥813.0m (up 62% from 3Q 2022). Profit margin: 7.0% (up from 4.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Telecom industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 28% per year. Buying Opportunity • Feb 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 5.5%. The fair value is estimated to be JP¥1,405, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 11% over the last 3 years. Earnings per share has grown by 41%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 132% in the next 2 years. Announcement • Jan 25
FreeBit Co., Ltd. to Report Q3, 2023 Results on Mar 10, 2023 FreeBit Co., Ltd. announced that they will report Q3, 2023 results on Mar 10, 2023 Reported Earnings • Dec 11
Second quarter 2023 earnings released: EPS: JP¥28.61 (vs JP¥27.49 in 2Q 2022) Second quarter 2023 results: EPS: JP¥28.61. Revenue: JP¥11.4b (up 6.9% from 2Q 2022). Net income: JP¥538.0m (down 3.4% from 2Q 2022). Profit margin: 4.7% (down from 5.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Telecom industry in Japan. Announcement • Dec 10
FreeBit Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending April 30, 2023 FreeBit Co., Ltd. provided earnings guidance for the fiscal year ending April 30, 2023. For the period, the company expects net sales to be JPY 46,000 million, Operating profit to be JPY 2,900 million, Profit attributable to owners of parent to be JPY 700 million and Basic earnings per share to be JPY 37.23. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Outside Director Kazumasa Yoshida was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 19
FreeBit Co., Ltd. to Report Q2, 2023 Results on Dec 09, 2022 FreeBit Co., Ltd. announced that they will report Q2, 2023 results on Dec 09, 2022 Announcement • Sep 10
FreeBit Co., Ltd. Provides Earnings Guidance for the Fiscal Year Ending April 2023 FreeBit Co., Ltd. provided earnings guidance for the fiscal year ending April 2023. For the period, the company expects net sales to be JPY 46,000 million, Operating profit to be JPY 2,900 million, Profit attributable to owners of parent to be JPY 700 million and Basic earnings per share to be JPY 37.23. Reported Earnings • Aug 03
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥41.82 (down from JP¥74.03 in FY 2021). Revenue: JP¥43.1b (down 17% from FY 2021). Net income: JP¥827.0m (down 48% from FY 2021). Profit margin: 1.9% (down from 3.0% in FY 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 5.9%, compared to a 3.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jul 28
FreeBit Co., Ltd. to Report Q1, 2023 Results on Sep 09, 2022 FreeBit Co., Ltd. announced that they will report Q1, 2023 results on Sep 09, 2022 Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment deteriorated over the past week After last week's 18% share price decline to JP¥758, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Telecom industry in Japan. Total loss to shareholders of 41% over the past three years. Reported Earnings • Jun 12
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: JP¥41.82 (down from JP¥74.03 in FY 2021). Revenue: JP¥43.1b (down 17% from FY 2021). Net income: JP¥827.0m (down 48% from FY 2021). Profit margin: 1.9% (down from 3.0% in FY 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 6.4%, compared to a 3.1% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Jun 11
FreeBit Co., Ltd. Announces Dividend for the Year Ended April 2022, Payable on July 14, 2022 FreeBit Co., Ltd. announced dividend of JPY 7.50 per share for the year ended April 2022 compared to JPY 7.00 per share paid a year ago. The dividend payable on July 14, 2022. Announcement • Jun 10
FreeBit Co., Ltd., Annual General Meeting, Jul 28, 2022 FreeBit Co., Ltd., Annual General Meeting, Jul 28, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Director Kazumasa Yoshida was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 21
FreeBit Co., Ltd. to Report Fiscal Year 2022 Results on Jun 10, 2022 FreeBit Co., Ltd. announced that they will report fiscal year 2022 results on Jun 10, 2022 Reported Earnings • Mar 13
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: JP¥26.40 (down from JP¥36.40 in 3Q 2021). Revenue: JP¥10.6b (down 5.2% from 3Q 2021). Net income: JP¥502.0m (down 34% from 3Q 2021). Profit margin: 4.7% (down from 6.8% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 83%. Over the next year, revenue is forecast to grow 2.7%, compared to a 1.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Dec 18
FreeBit Co., Ltd. (TSE:3843) announces an Equity Buyback for 300,000 shares, representing 1.57% for ¥400 million. FreeBit Co., Ltd. (TSE:3843) announces a share repurchase program. Under the program, the company will repurchase 300,000 shares, representing 1.57% of its share capital, for ¥400 million. The company will repurchase its shares in order to increase its value per share in response to changes in the stock market and to implement agile capital policies in response to changes in the business environment. The program will run until March 31, 2022. As of December 15, 2021, the company had 19,100,031 shares outstanding (including treasury shares) and 4,313,969 shares in treasury. Reported Earnings • Dec 14
Second quarter 2022 earnings: EPS exceeds analyst expectations Second quarter 2022 results: EPS: JP¥27.49 (down from JP¥54.50 in 2Q 2021). Revenue: JP¥10.7b (down 27% from 2Q 2021). Net income: JP¥557.0m (down 53% from 2Q 2021). Profit margin: 5.2% (down from 8.1% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 83%. Earnings per share (EPS) surpassed analyst estimates by 83%. Over the next year, revenue is forecast to stay flat compared to a 1.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Dec 12
FreeBit Co., Ltd. Provides Consolidated Earnings Guidance for the Year Ending April 30, 2022 FreeBit Co., Ltd. provided consolidated earnings guidance for the year ending April 30, 2022. For the year ending April 30, 2022, the company expects net sales of JPY 43,000 million, operating profit of JPY 2,500 million and profit attributable to owners of parent of JPY 600 million or JPY 29.09 per basic share. Reported Earnings • Sep 13
First quarter 2022 earnings released: EPS JP¥26.82 (vs JP¥9.93 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¥10.7b (down 21% from 1Q 2021). Net income: JP¥563.0m (up 158% from 1Q 2021). Profit margin: 5.3% (up from 1.6% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Sep 12
FreeBit Co., Ltd. Provides Consolidated Earnings Guidance for the Ending April 2022 FreeBit Co., Ltd. provided consolidated earnings guidance for the ending April 2022. For the year, the company expects net sales of JPY 43,000 million, operating profit of JPY 2,500 million, profit attributable to owners of parent of JPY 600 million and basic earnings per share of JPY 28.58. Announcement • Sep 11
FreeBit Co., Ltd. (TSE:3843) announces an Equity Buyback for 500,000 shares, representing 2.38% for ¥500 million. FreeBit Co., Ltd. (TSE:3843) announces a share repurchase program. Under the program, the company will repurchase 500,000 shares, representing 2.38% of its share capital, at ¥1,000 per share for ¥500 million. The company will repurchase its shares in order to increase its value per share in response to changes in the stock market and to implement agile capital policies in response to changes in the business environment. The program will run until December 10, 2021. As of September 9, 2021, the company had 21,002,931 shares outstanding (including treasury shares) and 2,411,069 shares in treasury. Reported Earnings • Aug 03
Full year 2021 earnings released: EPS JP¥74.03 (vs JP¥27.91 loss 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¥52.0b (down 5.9% from FY 2020). Net income: JP¥1.59b (up JP¥2.21b from FY 2020). Profit margin: 3.0% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥801, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 17x in the Telecom industry in Japan. Total loss to shareholders of 41% over the past three years. Reported Earnings • Jun 14
Full year 2021 earnings released: EPS JP¥74.03 (vs JP¥27.91 loss 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¥52.0b (down 5.9% from FY 2020). Net income: JP¥1.59b (up JP¥2.21b from FY 2020). Profit margin: 3.0% (up from net loss in FY 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Announcement • Jun 12
Freebit Co., Ltd. Provides Consolidated Earnings Guidance for the Ending April 2022 FreeBit Co., Ltd. provided consolidated earnings guidance for the ending April 2022. For the year, the company expects net sales of JPY 43,000 million, operating profit of JPY 2,500 million, profit attributable to owners of parent of JPY 600 million and basic earnings per share of JPY 28.01. Reported Earnings • Mar 18
Third quarter 2021 earnings released: EPS JP¥36.40 (vs JP¥2.57 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥11.2b (down 14% from 3Q 2020). Net income: JP¥763.0m (up JP¥820.0m from 3Q 2020). Profit margin: 6.8% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 15
New 90-day high: JP¥1,035 The company is up 2.0% from a price of JP¥1,010 on 15 December 2020. Underperformed the Japanese market, which is up 9.0% over the last 90 days. Lagged the Telecom industry, which is up 6.0% over the same period. Announcement • Jan 24
FreeBit Co., Ltd. to Report Q3, 2021 Results on Mar 16, 2021 FreeBit Co., Ltd. announced that they will report Q3, 2021 results on Mar 16, 2021 Is New 90 Day High Low • Dec 14
New 90-day high: JP¥1,109 The company is up 16% from its price of JP¥959 on 15 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Telecom industry, which is up 12% over the same period. Announcement • Jul 26
FreeBit Co., Ltd. to Report Q1, 2021 Results on Sep 11, 2020 FreeBit Co., Ltd. announced that they will report Q1, 2021 results on Sep 11, 2020