Reported Earnings • May 19
First quarter 2026 earnings released: EPS: JP¥10.51 (vs JP¥11.89 in 1Q 2025) First quarter 2026 results: EPS: JP¥10.51 (down from JP¥11.89 in 1Q 2025). Revenue: JP¥1.33b (up 6.2% from 1Q 2025). Net income: JP¥207.0m (down 11% from 1Q 2025). Profit margin: 16% (down from 19% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥616, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 17x in the Software industry in Japan. Total returns to shareholders of 5.1% over the past three years. New Risk • Feb 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.3b (US$93.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.2% average weekly change). Minor Risk Market cap is less than US$100m (JP¥14.3b market cap, or US$93.1m). New Risk • Feb 12
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 8.7% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Feb 11
Full year 2025 earnings released: EPS: JP¥51.52 (vs JP¥23.55 in FY 2024) Full year 2025 results: EPS: JP¥51.52 (up from JP¥23.55 in FY 2024). Revenue: JP¥5.37b (up 23% from FY 2024). Net income: JP¥1.01b (up 120% from FY 2024). Profit margin: 19% (up from 11% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 10
Kinjiro Co.,Ltd., Annual General Meeting, Mar 27, 2026 Kinjiro Co.,Ltd., Annual General Meeting, Mar 27, 2026. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥892, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 19x in the Software industry in Japan. Total returns to shareholders of 54% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥8.50 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 23 March 2026. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%). Tillkännagivande • Dec 13
Kinjiro Co.,Ltd. to Report Fiscal Year 2025 Results on Feb 10, 2026 Kinjiro Co.,Ltd. announced that they will report fiscal year 2025 results on Feb 10, 2026 Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: JP¥14.53 (vs JP¥3.94 in 3Q 2024) Third quarter 2025 results: EPS: JP¥14.53 (up from JP¥3.94 in 3Q 2024). Revenue: JP¥1.36b (up 34% from 3Q 2024). Net income: JP¥286.0m (up 271% from 3Q 2024). Profit margin: 21% (up from 7.6% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. New Risk • Sep 26
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 7.6% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: JP¥12.55 (vs JP¥5.47 in 2Q 2024) Second quarter 2025 results: EPS: JP¥12.55 (up from JP¥5.47 in 2Q 2024). Revenue: JP¥1.34b (up 26% from 2Q 2024). Net income: JP¥246.7m (up 131% from 2Q 2024). Profit margin: 18% (up from 10.0% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 30% per year. Reported Earnings • May 17
First quarter 2025 earnings released: EPS: JP¥11.87 (vs JP¥4.25 in 1Q 2024) First quarter 2025 results: EPS: JP¥11.87 (up from JP¥4.25 in 1Q 2024). Revenue: JP¥1.25b (up 26% from 1Q 2024). Net income: JP¥233.0m (up 181% from 1Q 2024). Profit margin: 19% (up from 8.3% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥806, the stock trades at a trailing P/E ratio of 34.3x. Average trailing P/E is 21x in the Software industry in Japan. Total returns to shareholders of 122% over the past three years. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥632, the stock trades at a trailing P/E ratio of 26.9x. Average trailing P/E is 19x in the Software industry in Japan. Total returns to shareholders of 69% over the past three years. Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: JP¥23.55 (vs JP¥19.00 in FY 2023) Full year 2024 results: EPS: JP¥23.55 (up from JP¥19.00 in FY 2023). Revenue: JP¥4.38b (up 12% from FY 2023). Net income: JP¥461.0m (up 25% from FY 2023). Profit margin: 11% (up from 9.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥541, the stock trades at a trailing P/E ratio of 23x. Average trailing P/E is 20x in the Software industry in Japan. Total returns to shareholders of 62% over the past three years. Tillkännagivande • Mar 01
Kinjiro Co.,Ltd. to Report Q1, 2025 Results on May 13, 2025 Kinjiro Co.,Ltd. announced that they will report Q1, 2025 results on May 13, 2025 New Risk • Feb 14
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 5.1% 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: Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Share price has been volatile over the past 3 months (5.1% average weekly change). Market cap is less than US$100m (JP¥9.17b market cap, or US$60.1m). Reported Earnings • Feb 14
Full year 2024 earnings released: EPS: JP¥23.55 (vs JP¥19.00 in FY 2023) Full year 2024 results: EPS: JP¥23.55 (up from JP¥19.00 in FY 2023). Revenue: JP¥4.38b (up 12% from FY 2023). Net income: JP¥461.0m (up 25% from FY 2023). Profit margin: 11% (up from 9.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 12
Kinjiro Co.,Ltd., Annual General Meeting, Mar 19, 2025 Kinjiro Co.,Ltd., Annual General Meeting, Mar 19, 2025. Tillkännagivande • Jan 03
Kinjiro Co.,Ltd. to Report Fiscal Year 2024 Results on Feb 12, 2025 Kinjiro Co.,Ltd. announced that they will report fiscal year 2024 results on Feb 12, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥8.50 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 25 March 2025. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.3%). Reported Earnings • Nov 18
Third quarter 2024 earnings released: EPS: JP¥3.98 (vs JP¥3.54 in 3Q 2023) Third quarter 2024 results: EPS: JP¥3.98 (up from JP¥3.54 in 3Q 2023). Revenue: JP¥1.02b (up 13% from 3Q 2023). Net income: JP¥78.0m (up 13% from 3Q 2023). Profit margin: 7.7% (up from 7.6% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥402, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 22x in the Software industry in Japan. Total loss to shareholders of 57% over the past three years. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: JP¥4,807 (vs JP¥5.03 in 2Q 2023) Second quarter 2024 results: EPS: JP¥4,807 (up from JP¥5.03 in 2Q 2023). Revenue: JP¥1.07b (up 6.6% from 2Q 2023). Net income: JP¥107.0m (up 9.2% from 2Q 2023). Profit margin: 10.0% (in line with 2Q 2023). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 11
Dividend of JP¥8.50 announced Shareholders will receive a dividend of JP¥8.50. Ex-date: 27th December 2024 Payment date: 25th March 2025 Dividend yield will be 2.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has not increased over the past 4 years but payments have been stable during that time. Earnings per share has grown by 2.4% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Aug 05
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 7.7% 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 (7.7% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (JP¥5.37b market cap, or US$37.7m). 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¥275, the stock trades at a trailing P/E ratio of 14.8x. Average trailing P/E is 20x in the Software industry in Japan. Total loss to shareholders of 69% over the past three years. New Risk • May 18
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% 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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.1% average weekly change). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (JP¥7.87b market cap, or US$50.6m). Reported Earnings • May 16
First quarter 2024 earnings released: EPS: JP¥8.50 (vs JP¥9.36 in 1Q 2023) First quarter 2024 results: EPS: JP¥8.50 (down from JP¥9.36 in 1Q 2023). Revenue: JP¥998.0m (up 3.3% from 1Q 2023). Net income: JP¥83.0m (down 8.8% from 1Q 2023). Profit margin: 8.3% (down from 9.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 28
Full year 2023 earnings released: EPS: JP¥38.00 (vs JP¥30.73 in FY 2022) Full year 2023 results: EPS: JP¥38.00 (up from JP¥30.73 in FY 2022). Revenue: JP¥3.92b (up 11% from FY 2022). Net income: JP¥370.0m (up 22% from FY 2022). Profit margin: 9.4% (up from 8.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥912, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 24x in the Software industry in Japan. Total loss to shareholders of 68% over the past three years. Tillkännagivande • Feb 11
Kinjiro Co.,Ltd., Annual General Meeting, Mar 22, 2024 Kinjiro Co.,Ltd., Annual General Meeting, Mar 22, 2024. Reported Earnings • Feb 11
Full year 2023 earnings released: EPS: JP¥38.00 (vs JP¥30.73 in FY 2022) Full year 2023 results: EPS: JP¥38.00 (up from JP¥30.73 in FY 2022). Revenue: JP¥3.92b (up 11% from FY 2022). Net income: JP¥370.0m (up 22% from FY 2022). Profit margin: 9.4% (up from 8.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. Tillkännagivande • Dec 28
Kinjiro Co.,Ltd. to Report Fiscal Year 2023 Results on Feb 09, 2024 Kinjiro Co.,Ltd. announced that they will report fiscal year 2023 results on Feb 09, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥17.00 per share at 1.9% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 27 March 2024. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%). Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: JP¥7.08 (vs JP¥7.47 in 3Q 2022) Third quarter 2023 results: EPS: JP¥7.08 (down from JP¥7.47 in 3Q 2022). Revenue: JP¥903.0m (up 1.9% from 3Q 2022). Net income: JP¥69.0m (down 6.8% from 3Q 2022). Profit margin: 7.6% (down from 8.4% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. New Risk • Nov 06
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 5.8% 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 High level of non-cash earnings (132% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (JP¥11.3b market cap, or US$75.8m). Tillkännagivande • Sep 06
Kinjiro Co.,Ltd. to Report Q3, 2023 Results on Nov 10, 2023 Kinjiro Co.,Ltd. announced that they will report Q3, 2023 results on Nov 10, 2023 New Risk • Aug 13
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 132% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (132% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥13.3b market cap, or US$91.8m). Reported Earnings • Aug 11
Second quarter 2023 earnings released: EPS: JP¥10.07 (vs JP¥4.84 in 2Q 2022) Second quarter 2023 results: EPS: JP¥10.07 (up from JP¥4.84 in 2Q 2022). Revenue: JP¥1.00b (up 20% from 2Q 2022). Net income: JP¥98.0m (up 104% from 2Q 2022). Profit margin: 9.8% (up from 5.7% in 2Q 2022). The increase in margin was driven by higher revenue. Tillkännagivande • Jun 28
Kinjiro Co.,Ltd. to Report Q2, 2023 Results on Aug 09, 2023 Kinjiro Co.,Ltd. announced that they will report Q2, 2023 results on Aug 09, 2023 Reported Earnings • May 17
First quarter 2023 earnings released: EPS: JP¥9.36 (vs JP¥7.57 in 1Q 2022) First quarter 2023 results: EPS: JP¥9.36 (up from JP¥7.57 in 1Q 2022). Revenue: JP¥966.0m (up 20% from 1Q 2022). Net income: JP¥91.0m (up 21% from 1Q 2022). Profit margin: 9.4% (up from 9.3% in 1Q 2022). The increase in margin was driven by higher revenue. Reported Earnings • Mar 31
Full year 2022 earnings released: EPS: JP¥30.73 (vs JP¥15.85 in FY 2021) Full year 2022 results: EPS: JP¥30.73 (up from JP¥15.85 in FY 2021). Revenue: JP¥3.55b (up 6.8% from FY 2021). Net income: JP¥304.0m (up 88% from FY 2021). Profit margin: 8.6% (up from 4.9% in FY 2021). The increase in margin was driven by higher revenue. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: JP¥30.73 (vs JP¥15.85 in FY 2021) Full year 2022 results: EPS: JP¥30.73 (up from JP¥15.85 in FY 2021). Revenue: JP¥3.55b (up 6.8% from FY 2021). Net income: JP¥304.0m (up 88% from FY 2021). Profit margin: 8.6% (up from 4.9% in FY 2021). The increase in margin was driven by higher revenue. Tillkännagivande • Feb 11
Kinjiro Co.,Ltd., Annual General Meeting, Mar 24, 2023 Kinjiro Co.,Ltd., Annual General Meeting, Mar 24, 2023. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥1,197, the stock trades at a trailing P/E ratio of 51.6x. Average trailing P/E is 22x in the Software industry in Japan. Total returns to shareholders of 26% over the past year. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (1.9%). Tillkännagivande • Dec 06
Kinjiro Co.,Ltd. to Report Fiscal Year 2022 Results on Feb 09, 2023 Kinjiro Co.,Ltd. announced that they will report fiscal year 2022 results on Feb 09, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥7.47 (vs JP¥1.08 in 3Q 2021) Third quarter 2022 results: EPS: JP¥7.47 (up from JP¥1.08 in 3Q 2021). Revenue: JP¥886.0m (up 16% from 3Q 2021). Net income: JP¥74.0m (up JP¥63.0m from 3Q 2021). Profit margin: 8.4% (up from 1.4% in 3Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥7.47 (vs JP¥1.08 in 3Q 2021) Third quarter 2022 results: EPS: JP¥7.47 (up from JP¥1.08 in 3Q 2021). Revenue: JP¥886.0m (up 16% from 3Q 2021). Net income: JP¥74.0m (up JP¥63.0m from 3Q 2021). Profit margin: 8.4% (up from 1.4% in 3Q 2021). The increase in margin was driven by higher revenue. Reported Earnings • Nov 12
Third quarter 2022 earnings released: EPS: JP¥7.47 (vs JP¥1.08 in 3Q 2021) Third quarter 2022 results: EPS: JP¥7.47 (up from JP¥1.08 in 3Q 2021). Revenue: JP¥886.0m (up 16% from 3Q 2021). Net income: JP¥74.0m (up JP¥63.0m from 3Q 2021). Profit margin: 8.4% (up from 1.4% in 3Q 2021). The increase in margin was driven by higher revenue. Tillkännagivande • Oct 09
Kinjiro Co.,Ltd. to Report Q3, 2022 Results on Nov 10, 2022 Kinjiro Co.,Ltd. announced that they will report Q3, 2022 results on Nov 10, 2022 Buying Opportunity • Oct 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥1,147, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last year. Earnings per share has declined by 27%. Buying Opportunity • Sep 13
Now 22% undervalued Over the last 90 days, the stock is up 1.1%. The fair value is estimated to be JP¥1,167, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last year. Earnings per share has declined by 27%. Buying Opportunity • Aug 23
Now 20% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be JP¥1,165, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.5% over the last year. Earnings per share has declined by 27%. Reported Earnings • Aug 11
Second quarter 2022 earnings released: EPS: JP¥4.84 (vs JP¥4.23 in 2Q 2021) Second quarter 2022 results: EPS: JP¥4.84 (up from JP¥4.23 in 2Q 2021). Revenue: JP¥836.0m (down 1.6% from 2Q 2021). Net income: JP¥48.0m (up 9.1% from 2Q 2021). Profit margin: 5.7% (up from 5.2% in 2Q 2021). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Jun 24
Investor sentiment improved over the past week After last week's 23% share price gain to JP¥1,082, the stock trades at a trailing P/E ratio of 65.7x. Average trailing P/E is 21x in the Software industry in Japan. Total loss to shareholders of 48% over the past year. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥965, the stock trades at a trailing P/E ratio of 58.6x. Average trailing P/E is 23x in the Software industry in Japan. Total loss to shareholders of 53% over the past year. Tillkännagivande • Jun 05
Kinjiro Co.,Ltd. to Report Q2, 2022 Results on Aug 09, 2022 Kinjiro Co.,Ltd. announced that they will report Q2, 2022 results on Aug 09, 2022 Reported Earnings • May 19
First quarter 2022 earnings released: EPS: JP¥7.57 (vs JP¥7.10 in 1Q 2021) First quarter 2022 results: EPS: JP¥7.57 (up from JP¥7.10 in 1Q 2021). Revenue: JP¥808.0m (down 6.0% from 1Q 2021). Net income: JP¥75.0m (up 1.4% from 1Q 2021). Profit margin: 9.3% (up from 8.6% in 1Q 2021). The increase in margin was driven by lower expenses. Tillkännagivande • Apr 08
Kinjiro Co.,Ltd. to Report Q1, 2022 Results on May 13, 2022 Kinjiro Co.,Ltd. announced that they will report Q1, 2022 results on May 13, 2022 Reported Earnings • Apr 02
Full year 2021 earnings released: EPS: JP¥15.85 (vs JP¥40.44 in FY 2020) Full year 2021 results: EPS: JP¥15.85 (down from JP¥40.44 in FY 2020). Revenue: JP¥3.32b (down 3.1% from FY 2020). Net income: JP¥162.0m (down 51% from FY 2020). Profit margin: 4.9% (down from 9.6% in FY 2020). The decrease in margin was primarily driven by lower revenue. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥763, the stock trades at a trailing P/E ratio of 46.6x. Average trailing P/E is 19x in the Software industry in Japan. Total loss to shareholders of 76% over the past year. Tillkännagivande • Feb 11
Kinjiro Co.,Ltd., Annual General Meeting, Mar 25, 2022 Kinjiro Co.,Ltd., Annual General Meeting, Mar 25, 2022. Reported Earnings • Feb 10
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥15.85 (down from JP¥40.44 in FY 2020). Revenue: JP¥3.32b (down 3.1% from FY 2020). Net income: JP¥162.0m (down 51% from FY 2020). Profit margin: 4.9% (down from 9.6% in FY 2020). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 52% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS JP¥1.08 (vs JP¥6.82 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥765.0m (down 9.7% from 3Q 2020). Net income: JP¥11.0m (down 84% from 3Q 2020). Profit margin: 1.4% (down from 8.0% in 3Q 2020). The decrease in margin was driven by lower revenue. Tillkännagivande • Aug 13
Kinjiro Co.,Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending December 31, 2021 Kinjiro Co.,Ltd. provided consolidated earnings guidance for the full year Ending December 31, 2021. For the full year, the company expected net sales of JPY 3,800 million, operating profit of JPY 606 million, profit attributable to owners of parent of JPY 420 million and basic earnings per share of JPY 40.31. Tillkännagivande • Jun 10
Kinjiro Co.,Ltd. (TSE:4013) announces an Equity Buyback for 600,000 shares, representing 5.76% for ¥1,000 million. Kinjiro Co.,Ltd. (TSE:4013) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 5.76% of its issued share capital (excluding treasury stock), for ¥1,000 million. The purpose of the program is to improve capital efficiency and strengthen shareholder returns. The program will run until November 30, 2021. As of March 31, 2021, the company had 10,420,000 shares in issue (excluding treasury stock) and 0 shares in treasury. Tillkännagivande • May 19
Kinjiro Co.,Ltd. Provides Consolidated Earnings Guidance for the Six Months Ending June 30, 2021 and Full Year Ending December 31, 2021 Kinjiro Co.,Ltd. provided consolidated earnings guidance for the six months ending June 30, 2021 and full year ending December 31, 2021. For the six months, the company expected net sales of JPY 1,916 million, operating profit of JPY 161 million, profit attributable to owners of parent of JPY 113 million and basic earnings per share of JPY 10.85.
For the full year, the company expected net sales of JPY 4,415 million, operating profit of JPY 827 million, profit attributable to owners of parent of JPY 574 million and basic earnings per share of JPY 55.09. Reported Earnings • Apr 03
Full year 2020 earnings released: EPS JP¥40.44 (vs JP¥46.47 in FY 2019) The company reported a solid full year result with improved revenues, although earnings and profit margins were flat. Full year 2020 results: Revenue: JP¥3.43b (up 7.7% from FY 2019). Net income: JP¥329.0m (flat on FY 2019). Profit margin: 9.6% (in line with FY 2019). Tillkännagivande • Feb 16
Nittsusystem Co.,Ltd. Provides Year End Dividend Guidance for the Year Ending December 31, 2021 Nittsusystem Co.,Ltd. provided year end dividend guidance for the year ending December 31, 2021. For the period, the company expected dividend of JPY 17 per share compared to JPY 20 per share paid a year ago.