New Risk • Jun 29
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 10% 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 Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 45% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (JP¥7.00b market cap, or US$43.2m). Announcement • Jun 28
Accrete Inc. to Report Q2, 2026 Results on Aug 14, 2026 Accrete Inc. announced that they will report Q2, 2026 results on Aug 14, 2026 Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥787, the stock trades at a trailing P/E ratio of 20.5x. Average trailing P/E is 18x in the Wireless Telecom industry in Japan. Total loss to shareholders of 50% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 25 September 2026. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.9%). In line with average of industry peers (1.3%). Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥710, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 19x in the Wireless Telecom industry in Japan. Total loss to shareholders of 65% over the past three years. Reported Earnings • May 19
First quarter 2026 earnings released: EPS: JP¥5.47 (vs JP¥9.83 in 1Q 2025) First quarter 2026 results: EPS: JP¥5.47 (down from JP¥9.83 in 1Q 2025). Revenue: JP¥2.17b (up 11% from 1Q 2025). Net income: JP¥41.0m (down 32% from 1Q 2025). Profit margin: 1.9% (down from 3.1% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 52% 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. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥972, the stock trades at a trailing P/E ratio of 23.7x. Average trailing P/E is 22x in the Wireless Telecom industry in Japan. Total loss to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,385, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 21x in the Wireless Telecom industry in Japan. Total loss to shareholders of 43% over the past three years. Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥46.33 (vs JP¥12.82 in FY 2024) Full year 2025 results: EPS: JP¥46.33 (up from JP¥12.82 in FY 2024). Revenue: JP¥8.79b (up 39% from FY 2024). Net income: JP¥307.0m (up 321% from FY 2024). Profit margin: 3.5% (up from 1.2% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • Feb 13
Accrete Inc., Annual General Meeting, Mar 27, 2026 Accrete Inc., Annual General Meeting, Mar 27, 2026. Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥1,146, the stock trades at a trailing P/E ratio of 79.9x. Average trailing P/E is 20x in the Wireless Telecom industry in Japan. Total loss to shareholders of 67% over the past three years. Valuation Update With 7 Day Price Move • Dec 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,043, the stock trades at a trailing P/E ratio of 72.7x. Average trailing P/E is 20x in the Wireless Telecom industry in Japan. Total loss to shareholders of 74% over the past three years. Announcement • Dec 05
Accrete Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026 Accrete Inc. announced that they will report fiscal year 2025 results on Feb 13, 2026 Reported Earnings • Nov 18
Third quarter 2025 earnings released: EPS: JP¥5.82 (vs JP¥12.64 in 3Q 2024) Third quarter 2025 results: EPS: JP¥5.82 (down from JP¥12.64 in 3Q 2024). Revenue: JP¥1.91b (down 8.7% from 3Q 2024). Net income: JP¥40.0m (down 44% from 3Q 2024). Profit margin: 2.1% (down from 3.4% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 59 percentage points per year, which is a significant difference in performance. Announcement • Sep 11
Accrete Inc. to Report Q3, 2025 Results on Nov 14, 2025 Accrete Inc. announced that they will report Q3, 2025 results on Nov 14, 2025 Announcement • Sep 05
Accrete Inc. (TSE:4395) signed a Memorandum of Understanding to acquire an unknown minority stake in CustIntCo Pte Ltd. Accrete Inc. (TSE:4395) signed a Memorandum of Understanding to acquire an unknown minority stake in CustIntCo Pte Ltd on September 4, 2025. Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to JP¥1,378, the stock trades at a trailing P/E ratio of 68.6x. Average trailing P/E is 23x in the Wireless Telecom industry in Japan. Total loss to shareholders of 44% over the past three years. Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: JP¥10.09 (vs JP¥5.09 in 2Q 2024) Second quarter 2025 results: EPS: JP¥10.09 (up from JP¥5.09 in 2Q 2024). Revenue: JP¥1.71b (up 32% from 2Q 2024). Net income: JP¥63.0m (up 117% from 2Q 2024). Profit margin: 3.7% (up from 2.2% in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Aug 15
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 8.9% to JP¥971. The fair value is estimated to be JP¥797, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Jun 16
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to JP¥949. The fair value is estimated to be JP¥788, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Announcement • Jun 11
Accrete Inc. to Report Q2, 2025 Results on Aug 15, 2025 Accrete Inc. announced that they will report Q2, 2025 results on Aug 15, 2025 Reported Earnings • May 20
First quarter 2025 earnings released: EPS: JP¥9.83 (vs JP¥5.45 in 1Q 2024) First quarter 2025 results: EPS: JP¥9.83 (up from JP¥5.45 in 1Q 2024). Revenue: JP¥1.96b (up 51% from 1Q 2024). Net income: JP¥60.0m (up 94% from 1Q 2024). Profit margin: 3.1% (up from 2.4% in 1Q 2024). Valuation Update With 7 Day Price Move • May 01
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥945, the stock trades at a trailing P/E ratio of 79.8x. Average trailing P/E is 18x in the Wireless Telecom industry in Japan. Total loss to shareholders of 19% over the past three years. New Risk • Apr 08
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 9.1% 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 (9.1% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (JP¥4.25b market cap, or US$28.9m). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥695, the stock trades at a trailing P/E ratio of 58.7x. Average trailing P/E is 18x in the Wireless Telecom industry in Japan. Total loss to shareholders of 50% over the past three years. Announcement • Mar 12
Accrete Inc. to Report Q1, 2025 Results on May 14, 2025 Accrete Inc. announced that they will report Q1, 2025 results on May 14, 2025 Announcement • Feb 17
Accrete Inc., Annual General Meeting, Mar 28, 2025 Accrete Inc., Annual General Meeting, Mar 28, 2025. Reported Earnings • Feb 16
Full year 2024 earnings released: EPS: JP¥12.81 (vs JP¥5.80 in FY 2023) Full year 2024 results: EPS: JP¥12.81 (up from JP¥5.80 in FY 2023). Revenue: JP¥6.35b (up 17% from FY 2023). Net income: JP¥73.0m (up 121% from FY 2023). Profit margin: 1.2% (up from 0.6% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Announcement • Dec 11
Accrete Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025 Accrete Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025 Announcement • Nov 27
Accrete Inc. COM STK to Be Deleted from OTC Equity Accrete Inc. COM STK (Japan) will be deleted from OTC Equity effective November 26, 2024, due to Inactive Security. Announcement • Sep 29
Accrete Inc. to Report Q3, 2024 Results on Nov 14, 2024 Accrete Inc. announced that they will report Q3, 2024 results on Nov 14, 2024 Announcement • Aug 29
Accrete Inc. (TSE:4395) agreed to acquire Zuno Media Solution Co., Ltd. from Zuno Co., Ltd. Accrete Inc. (TSE:4395) agreed to acquire Zuno Media Solution Co., Ltd. from Zuno Co., Ltd. on August 28, 2024. The expected completion of the transaction is September 2, 2024. Reported Earnings • Aug 19
Second quarter 2024 earnings released: EPS: JP¥5.09 (vs JP¥8.08 in 2Q 2023) Second quarter 2024 results: EPS: JP¥5.09 (down from JP¥8.08 in 2Q 2023). Revenue: JP¥1.30b (flat on 2Q 2023). Net income: JP¥29.0m (down 37% from 2Q 2023). Profit margin: 2.2% (down from 3.5% in 2Q 2023). New Risk • Aug 05
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 6.2% 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 Revenue has declined by 17% over the past year. Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (JP¥2.75b market cap, or US$19.3m). Buy Or Sell Opportunity • Aug 02
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 19% to JP¥583. The fair value is estimated to be JP¥768, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 17% over the last year. Meanwhile, the company became loss making. Announcement • Jun 30
Accrete Inc. to Report Q2, 2024 Results on Aug 14, 2024 Accrete Inc. announced that they will report Q2, 2024 results on Aug 14, 2024 Board Change • Jun 05
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. 2 experienced directors. No highly experienced directors. Independent Outside Director Junichi Hirao is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • May 19
First quarter 2024 earnings released: EPS: JP¥5.45 (vs JP¥20.41 in 1Q 2023) First quarter 2024 results: EPS: JP¥5.45 (down from JP¥20.41 in 1Q 2023). Revenue: JP¥1.30b (down 11% from 1Q 2023). Net income: JP¥31.0m (down 73% from 1Q 2023). Profit margin: 2.4% (down from 8.0% in 1Q 2023). Announcement • Mar 29
Accrete Inc. to Report Q1, 2024 Results on May 14, 2024 Accrete Inc. announced that they will report Q1, 2024 results on May 14, 2024 Reported Earnings • Feb 17
Full year 2023 earnings released: EPS: JP¥5.80 (vs JP¥146 in FY 2022) Full year 2023 results: EPS: JP¥5.80 (down from JP¥146 in FY 2022). Revenue: JP¥5.43b (down 12% from FY 2022). Net income: JP¥33.0m (down 96% from FY 2022). Profit margin: 0.6% (down from 14% in FY 2022). Announcement • Feb 16
Accrete Inc., Annual General Meeting, Mar 29, 2024 Accrete Inc., Annual General Meeting, Mar 29, 2024. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥841, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 19x in the Wireless Telecom industry in Japan. Total loss to shareholders of 39% over the past three years. Announcement • Jan 09
Accrete Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024 Accrete Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥5.00 per share at 0.8% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 27 March 2024. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.9%). Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥1,258, the stock trades at a trailing P/E ratio of 20.8x. Average trailing P/E is 19x in the Wireless Telecom industry in Japan. Total loss to shareholders of 11% over the past three years. Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: JP¥2.28 (vs JP¥50.34 in 3Q 2022) Third quarter 2023 results: EPS: JP¥2.28 (down from JP¥50.34 in 3Q 2022). Revenue: JP¥1.22b (down 35% from 3Q 2022). Net income: JP¥13.0m (down 96% from 3Q 2022). Profit margin: 1.1% (down from 16% in 3Q 2022). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,030, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 15x in the Wireless Telecom industry in Japan. Total loss to shareholders of 20% over the past three years. Announcement • Sep 28
Accrete Inc. to Report Q3, 2023 Results on Nov 14, 2023 Accrete Inc. announced that they will report Q3, 2023 results on Nov 14, 2023 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,388, the stock trades at a trailing P/E ratio of 12.6x. Average trailing P/E is 14x in the Wireless Telecom industry in Japan. Total returns to shareholders of 62% over the past three years. Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: JP¥8.08 (vs JP¥50.34 in 2Q 2022) Second quarter 2023 results: EPS: JP¥8.08 (down from JP¥50.34 in 2Q 2022). Revenue: JP¥1.30b (down 31% from 2Q 2022). Net income: JP¥46.0m (down 84% from 2Q 2022). Profit margin: 3.5% (down from 16% in 2Q 2022). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Jun 30
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,595, the stock trades at a trailing P/E ratio of 12.2x. Average trailing P/E is 14x in the Wireless Telecom industry in Japan. Total returns to shareholders of 105% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥5.00 per share at 0.5% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 05 September 2023. Payout ratio is a comfortable 7.7% 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 • Jun 13
Now 23% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be JP¥3,167, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 72% over the last year. Earnings per share has grown by 65%. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥1,303, the stock trades at a trailing P/E ratio of 10x. Average trailing P/E is 14x in the Wireless Telecom industry in Japan. Total returns to shareholders of 43% over the past three years. Announcement • May 28
Accrete Inc. to Report Q2, 2023 Results on Aug 10, 2023 Accrete Inc. announced that they will report Q2, 2023 results on Aug 10, 2023 Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to JP¥1,401, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 15x in the Wireless Telecom industry in Japan. Total returns to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,195, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 15x in the Wireless Telecom industry in Japan. Total returns to shareholders of 232% over the past three years. Valuation Update With 7 Day Price Move • Feb 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,633, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 17x in the Wireless Telecom industry in Japan. Total returns to shareholders of 229% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 27 March 2023. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.2%). Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 25% share price gain to JP¥3,895, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 16x in the Wireless Telecom industry in Japan. Total returns to shareholders of 408% over the past three years. Announcement • Dec 06
Accrete Inc. to Report Fiscal Year 2022 Results on Feb 14, 2023 Accrete Inc. announced that they will report fiscal year 2022 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥3,120, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 16x in the Wireless Telecom industry in Japan. Total returns to shareholders of 337% over the past three years. 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. 6 non-independent directors. Director Kazuhiro Kaneko 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. Announcement • Sep 22
Accrete Inc. (TSE:4395) announces an Equity Buyback for 326,500 shares, representing 5.54% for ¥949.79 million. Accrete Inc. (TSE:4395) announces a share repurchase program. Under the program, the company will repurchase up to 326,500 shares, representing 5.54% of its issued share capital (excluding treasury stock), for a total purchase price of ¥ 949.79 million. The shares will be repurchased at a price of ¥2,909 per share. The purpose of the program is to implement flexible capital policies that responds to changes in the business environment. As of September 21, 2022, the company has 5,892,900 issued shares (excluding treasury stock) and 100 treasury shares. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥3,045, the stock trades at a trailing P/E ratio of 59.7x. Average trailing P/E is 14x in the Wireless Telecom industry in Japan. Total returns to shareholders of 351% over the past three years. Announcement • Sep 03
Accrete Inc. to Report Q3, 2022 Results on Nov 11, 2022 Accrete Inc. announced that they will report Q3, 2022 results on Nov 11, 2022 Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improved over the past week After last week's 47% share price gain to JP¥2,752, the stock trades at a trailing P/E ratio of 53.9x. Average trailing P/E is 15x in the Wireless Telecom industry in Japan. Total returns to shareholders of 275% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 06 September 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.1%). Announcement • May 29
Accrete Inc. to Report Q2, 2022 Results on Aug 12, 2022 Accrete Inc. announced that they will report Q2, 2022 results on Aug 12, 2022 Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥1,406, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 15x in the Wireless Telecom industry in Japan. Total returns to shareholders of 83% over the past three years. Board Change • Apr 27
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 Kenji Hioki was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Accrete Inc. to Report Q1, 2022 Results on May 13, 2022 Accrete Inc. announced that they will report Q1, 2022 results on May 13, 2022 Buying Opportunity • Apr 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 2.8%. The fair value is estimated to be JP¥1,710, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Buying Opportunity • Mar 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 4.1%. The fair value is estimated to be JP¥1,701, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • Feb 12
Accrete Inc., Annual General Meeting, Mar 24, 2022 Accrete Inc., Annual General Meeting, Mar 24, 2022. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 8.9% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (3.3%). Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS JP¥10.64 (vs JP¥10.76 in 3Q 2020) The company reported a mediocre third quarter result with weaker profit margins, although earnings were flat and revenues improved. Third quarter 2021 results: Revenue: JP¥719.0m (up 55% from 3Q 2020). Net income: JP¥60.0m (flat on 3Q 2020). Profit margin: 8.3% (down from 13% in 3Q 2020). The decrease in margin was driven by higher expenses. 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 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 31
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥2,151, the stock trades at a trailing P/E ratio of 38.3x. Average trailing P/E is 13x in the Wireless Telecom industry in Japan. Total returns to shareholders of 50% over the past three years. Announcement • Aug 21
Accrete Inc. (TSE:4395) agreed to acquire 51% stake in Vietguys Jsc from Pham Duy Anh, Do Sang Minh and Phan Thanh Long for approximately ¥400 million. Accrete Inc. (TSE:4395) agreed to acquire 51% stake in Vietguys Jsc from Pham Duy Anh, Do Sang Minh and Phan Thanh Long for approximately ¥400 million on August 19, 2021. As per terms of transaction, Pham Duy Anh will sell 0.36363 million shares representing 18.18% stake, Do Sang Minh will sell 0.36363 million shares representing 18.18% stake and Phan Thanh Long will sell 0. 29274 million shares representing 14.64% stake. As of December 31, 2020, reported Vietguys Jsc Net assets of ¥179 million, Total assets of ¥399 million, Sales of ¥1,245 million, Operating income of ¥31 million and Net income of ¥30 million. Share purchase agreement will be signed on August 20, 2021. transaction is expected to complete on October 20, 2021. Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,732, the stock trades at a trailing P/E ratio of 34.6x. Average trailing P/E is 13x in the Wireless Telecom industry in Japan. Total returns to shareholders of 111% over the past year. Upcoming Dividend • Jun 23
Inaugural dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 14 September 2021. This is the first dividend for Accrete since going public. The average dividend yield among industry peers is 3.8%. Reported Earnings • Apr 03
Full year 2020 earnings released: EPS JP¥43.34 (vs JP¥30.95 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥1.73b (up 23% from FY 2019). Net income: JP¥241.0m (up 42% from FY 2019). Profit margin: 14% (up from 12% in FY 2019). The increase in margin was driven by higher revenue. Announcement • Mar 07
Accrete Inc. to Report Q1, 2021 Results on May 14, 2021 Accrete Inc. announced that they will report Q1, 2021 results on May 14, 2021 Is New 90 Day High Low • Mar 03
New 90-day low: JP¥1,270 The company is down 29% from its price of JP¥1,785 on 03 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Wireless Telecom industry, which is up 27% over the same period. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥43.34 (vs JP¥30.95 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥1.73b (up 23% from FY 2019). Net income: JP¥241.0m (up 42% from FY 2019). Profit margin: 14% (up from 12% in FY 2019). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,708, the stock is trading at a trailing P/E ratio of 47.1x, up from the previous P/E ratio of 39.7x. This compares to an average P/E of 17x in the Wireless Telecom industry in Japan. Total returns to shareholders over the past year are 136%. Announcement • Dec 30
Accrete Inc. to Report Fiscal Year 2020 Results on Feb 12, 2021 Accrete Inc. announced that they will report fiscal year 2020 results on Feb 12, 2021 Valuation Update With 7 Day Price Move • Dec 10
Market pulls back on stock over the past week After last week's 18% share price decline to JP¥1,463, the stock is trading at a trailing P/E ratio of 40.4x, down from the previous P/E ratio of 49.3x. This compares to an average P/E of 17x in the Wireless Telecom industry in Japan. Total returns to shareholders over the past year are 87%.