Buy Or Sell Opportunity • Jul 31
Now 22% undervalued Over the last 90 days, the stock has risen 8.7% to €20.00. The fair value is estimated to be €25.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 3.6% per annum. Earnings are also forecast to grow by 6.5% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €21.60, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the IT industry in Germany. Total returns to shareholders of 4.8% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €27.15 per share. Declared Dividend • Jul 26
Final dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 29th September 2026 Payment date: 7th December 2026 Dividend yield will be 244%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 22% 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 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jun 26
TIS Inc. to Report Q1, 2027 Results on Jul 30, 2026 TIS Inc. announced that they will report Q1, 2027 results on Jul 30, 2026 Board Change • May 21
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. 2 independent directors (6 non-independent directors). Non-Executive Chairman of the Board Toru Kuwano is the most experienced director on the board, commencing their role in 2000. Independent Outside Director Mitsuhiro Furusawa was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Duyuru • May 08
TIS Inc., Annual General Meeting, Jun 23, 2026 TIS Inc., Annual General Meeting, Jun 23, 2026. Duyuru • Mar 26
TIS Inc. to Report Fiscal Year 2026 Results on May 08, 2026 TIS Inc. announced that they will report fiscal year 2026 results on May 08, 2026 Duyuru • Mar 10
TIS Inc. (TSE:3626) announces an Equity Buyback for 20,000,000 shares, representing 8.76% for ¥50,000 million. TIS Inc. (TSE:3626) announces a share repurchase program. Under the program, the company will repurchase 20,000,000 shares, representing 8.76% of the outstanding shares for ¥50,000 million. The purpose of the program is to implement a flexible capital policy that responds flexibly to changes in the business environment and to improve shareholder returns and capital efficiency. The repurchased shares up to a maximum of 5% of the total number of issued shares as treasury stock will be held by the company, and the company will cancel any shares exceeding 5%. The program will run until September 30, 2026. As of February 28, 2026, the company had 228,400,000 shares outstanding (excluding treasury stock) and 10,875,795 shares in treasury. Duyuru • Dec 25
TIS Inc. to Report Nine Months, 2026 Results on Feb 03, 2026 TIS Inc. announced that they will report nine months, 2026 results on Feb 03, 2026 Duyuru • Sep 25
TIS Inc. to Report First Half, 2026 Results on Oct 31, 2025 TIS Inc. announced that they will report first half, 2026 results on Oct 31, 2025 Duyuru • Jun 25
TIS Inc. to Report Q1, 2026 Results on Jul 30, 2025 TIS Inc. announced that they will report Q1, 2026 results on Jul 30, 2025 Duyuru • May 08
TIS Inc., Annual General Meeting, Jun 24, 2025 TIS Inc., Annual General Meeting, Jun 24, 2025. Duyuru • Apr 25
TIS Inc. (TSE:3626) signed a letter of intent to acquire 86.04% stake in finnovalley co., Ltd. from iRidge, Inc. (TSE:3917). TIS Inc. (TSE:3626) signed a letter of intent to acquire 86.04% stake in finnovalley co., Ltd. from iRidge, Inc. (TSE:3917) on April 25, 2025. The transaction is expected to close in June 2025. Duyuru • Mar 25
TIS Inc. to Report Fiscal Year 2025 Results on May 08, 2025 TIS Inc. announced that they will report fiscal year 2025 results on May 08, 2025 Duyuru • Jan 24
TIS Inc. (TSE:3626) acquired NTQ Solution JSC. TIS Inc. (TSE:3626) acquired NTQ Solution JSC on December 24, 2024. Naomichi Nosaka and Kensuke Nakatsuka of Lincoln International acted as financial advisor to TIS Inc.
TIS Inc. (TSE:3626) completed the acquisition of NTQ Solution JSC on December 24, 2024. Duyuru • Dec 25
TIS Inc. to Report Q3, 2025 Results on Feb 04, 2025 TIS Inc. announced that they will report Q3, 2025 results on Feb 04, 2025 Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥43.76 (vs JP¥42.22 in 2Q 2024) Second quarter 2025 results: EPS: JP¥43.76 (up from JP¥42.22 in 2Q 2024). Revenue: JP¥141.5b (up 2.5% from 2Q 2024). Net income: JP¥10.2b (flat on 2Q 2024). Profit margin: 7.2% (down from 7.4% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Duyuru • Sep 25
TIS Inc. to Report First Half, 2025 Results on Oct 31, 2024 TIS Inc. announced that they will report first half, 2025 results on Oct 31, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥34.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.0%). Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥45.66 (vs JP¥41.94 in 1Q 2024) First quarter 2025 results: EPS: JP¥45.66 (up from JP¥41.94 in 1Q 2024). Revenue: JP¥134.1b (up 3.6% from 1Q 2024). Net income: JP¥10.7b (up 5.2% from 1Q 2024). Profit margin: 8.0% (up from 7.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 11
Final dividend of JP¥34.00 announced Shareholders will receive a dividend of JP¥34.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 197%, which is higher than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 23% 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 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jun 25
TIS Inc. to Report Q1, 2025 Results on Jul 30, 2024 TIS Inc. announced that they will report Q1, 2025 results on Jul 30, 2024 Duyuru • May 10
TIS Inc., Annual General Meeting, Jun 25, 2024 TIS Inc., Annual General Meeting, Jun 25, 2024. Reported Earnings • May 09
Full year 2024 earnings released: EPS: JP¥203 (vs JP¥227 in FY 2023) Full year 2024 results: EPS: JP¥203 (down from JP¥227 in FY 2023). Revenue: JP¥549.0b (up 8.0% from FY 2023). Net income: JP¥48.9b (down 12% from FY 2023). Profit margin: 8.9% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • May 09
TIS Inc. (TSE:3626) announces an Equity Buyback for 2,500,000 shares, representing 1.06% for ¥6,500 million. TIS Inc. (TSE:3626) announces a share repurchase program. Under the program, the company will repurchase 2,500,000 shares, representing 1.06% of the outstanding shares for ¥6,200 million. The purpose of the program is to implement agile capital policies that flexibly respond to changes in the business environment and improve shareholder profits and capital efficiency. The program will run until July 31, 2024. As of March 31, 2024, the company had 236,232,177 shares outstanding (excluding treasury stock) and 1,234 shares in treasury. Duyuru • Apr 13
TIS Inc. (TSE:3626) agreed to acquire an unknown stake in Meeq Co., Ltd. TIS Inc. (TSE:3626) agreed to acquire an unknown stake in Meeq Co., Ltd. on April 12, 2024. Duyuru • Mar 24
TIS Inc. to Report Fiscal Year 2024 Results on May 08, 2024 TIS Inc. announced that they will report fiscal year 2024 results on May 08, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥36.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (2.2%). Buy Or Sell Opportunity • Feb 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 10% to €20.60. The fair value is estimated to be €17.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are forecast to decline by 1.8% per annum over the same time period. Buy Or Sell Opportunity • Feb 14
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 8.9% to €20.80. The fair value is estimated to be €16.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last 3 years. Earnings per share has grown by 28%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are forecast to decline by 2.7% per annum over the same time period. Reported Earnings • Feb 04
Third quarter 2024 earnings released: EPS: JP¥49.38 (vs JP¥54.90 in 3Q 2023) Third quarter 2024 results: EPS: JP¥49.38 (down from JP¥54.90 in 3Q 2023). Revenue: JP¥137.3b (up 9.7% from 3Q 2023). Net income: JP¥11.9b (down 11% from 3Q 2023). Profit margin: 8.7% (down from 11% in 3Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. 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 3% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 23
TIS Inc. to Report Q3, 2024 Results on Feb 02, 2024 TIS Inc. announced that they will report Q3, 2024 results on Feb 02, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥42.22 (vs JP¥41.28 in 2Q 2023) Second quarter 2024 results: EPS: JP¥42.22 (up from JP¥41.28 in 2Q 2023). Revenue: JP¥138.1b (up 8.5% from 2Q 2023). Net income: JP¥10.2b (flat on 2Q 2023). Profit margin: 7.4% (down from 7.9% in 2Q 2023). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. 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 5% per year, which means it is significantly lagging earnings growth. Duyuru • Sep 23
TIS Inc. to Report Q2, 2024 Results on Nov 01, 2023 TIS Inc. announced that they will report Q2, 2024 results on Nov 01, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥17.00 per share at 1.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 11 December 2023. Payout ratio is a comfortable 21% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.2%). Reported Earnings • Aug 03
First quarter 2024 earnings released: EPS: JP¥41.94 (vs JP¥35.31 in 1Q 2023) First quarter 2024 results: EPS: JP¥41.94 (up from JP¥35.31 in 1Q 2023). Revenue: JP¥129.4b (up 9.6% from 1Q 2023). Net income: JP¥10.1b (up 16% from 1Q 2023). Profit margin: 7.8% (up from 7.4% in 1Q 2023). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. New Risk • Jun 26
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Duyuru • Jun 21
TIS Inc. to Report Q1, 2024 Results on Aug 02, 2023 TIS Inc. announced that they will report Q1, 2024 results on Aug 02, 2023 Reported Earnings • May 10
Full year 2023 earnings released: EPS: JP¥227 (vs JP¥158 in FY 2022) Full year 2023 results: EPS: JP¥227 (up from JP¥158 in FY 2022). Revenue: JP¥508.4b (up 5.4% from FY 2022). Net income: JP¥55.5b (up 41% from FY 2022). Profit margin: 11% (up from 8.2% in FY 2022). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥32.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.6%). Reported Earnings • Feb 05
Third quarter 2023 earnings released: EPS: JP¥54.90 (vs JP¥55.67 in 3Q 2022) Third quarter 2023 results: EPS: JP¥54.90 (down from JP¥55.67 in 3Q 2022). Revenue: JP¥125.1b (up 5.3% from 3Q 2022). Net income: JP¥13.3b (down 4.1% from 3Q 2022). Profit margin: 11% (down from 12% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 29
TIS Inc. (TSE:3626) acquired Vector Management Consulting Pvt. Ltd. TIS Inc. (TSE:3626) acquired Vector Management Consulting Pvt. Ltd. on January 16, 2023. Tigmanshu Dubey, Tetsuya Fujii, Naomichi Nosaka and Sathya Ramanathan of Lincoln International acted as financial advisor to TIS Inc.TIS Inc. (TSE:3626) completed the acquisition of Vector Management Consulting Pvt. Ltd. on January 16, 2023. Duyuru • Dec 23
TIS Inc. to Report Nine Months, 2023 Results on Feb 03, 2023 TIS Inc. announced that they will report nine months, 2023 results on Feb 03, 2023 Board Change • Nov 16
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. 6 non-independent directors. Independent External Director Suzuki Mizukoshi was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 05
Second quarter 2023 earnings released: EPS: JP¥41.28 (vs JP¥33.96 in 2Q 2022) Second quarter 2023 results: EPS: JP¥41.28 (up from JP¥33.96 in 2Q 2022). Revenue: JP¥127.2b (up 5.3% from 2Q 2022). Net income: JP¥10.1b (up 18% from 2Q 2022). Profit margin: 7.9% (up from 7.1% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the IT industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 19% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (1.8%). Reported Earnings • Aug 05
First quarter 2023 earnings released: EPS: JP¥35.31 (vs JP¥27.92 in 1Q 2022) First quarter 2023 results: EPS: JP¥35.31 (up from JP¥27.92 in 1Q 2022). Revenue: JP¥118.1b (up 4.0% from 1Q 2022). Net income: JP¥8.76b (up 25% from 1Q 2022). Profit margin: 7.4% (up from 6.2% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.7%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 19% share price gain to €25.40, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 24x in the IT industry in Germany. Total returns to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €29.74 per share. Reported Earnings • May 13
Full year 2022 earnings released: EPS: JP¥158 (vs JP¥111 in FY 2021) Full year 2022 results: EPS: JP¥158 (up from JP¥111 in FY 2021). Revenue: JP¥482.5b (up 7.6% from FY 2021). Net income: JP¥39.5b (up 43% from FY 2021). Profit margin: 8.2% (up from 6.2% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.6%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Board Change • Apr 27
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. 6 non-independent directors. Independent External Director Suzuki Mizukoshi was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 25 June 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.6%). Higher than average of industry peers (1.0%). Reported Earnings • Feb 06
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥55.67 (up from JP¥31.33 in 3Q 2021). Revenue: JP¥118.8b (up 11% from 3Q 2021). Net income: JP¥13.9b (up 77% from 3Q 2021). Profit margin: 12% (up from 7.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.5%. Over the next year, revenue is forecast to grow 3.8%, compared to a 17% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 06
Second quarter 2022 earnings released: EPS JP¥33.96 (vs JP¥18.98 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥120.8b (up 8.9% from 2Q 2021). Net income: JP¥8.52b (up 79% from 2Q 2021). Profit margin: 7.1% (up from 4.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 10 December 2021. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (3.2%). Higher than average of industry peers (0.8%). Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS JP¥27.92 (vs JP¥22.02 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥113.5b (up 13% from 1Q 2021). Net income: JP¥7.00b (up 27% from 1Q 2021). Profit margin: 6.2% (up from 5.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 15
Full year 2021 earnings released: EPS JP¥111 (vs JP¥117 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥448.4b (up 1.1% from FY 2020). Net income: JP¥27.7b (down 5.8% from FY 2020). Profit margin: 6.2% (down from 6.6% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 15% per year. Duyuru • May 13
TIS Inc. (TSE:3626) announces an Equity Buyback for 3,200,000 shares, representing 1.27% for ¥4,470 million. TIS Inc. (TSE:3626) announces a share repurchase program. Under the program, the company will repurchase 3,200,000 shares, representing 1.27% of the outstanding shares for ¥4,470 million. The purpose of the program is to implement agile capital policies that flexibly respond to changes in the business environment and improve shareholder interests and capital efficiency. The program will run until December 30, 2021. As of March 31, 2021, the company had 252,591,138 shares outstanding and 10,776,156 shares in treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥24.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.1%). Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥31.33 (vs JP¥28.53 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥106.7b (up 3.9% from 3Q 2020). Net income: JP¥7.84b (up 9.4% from 3Q 2020). Profit margin: 7.3% (up from 7.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 07
Revenue beats expectations Revenue exceeded analyst estimates by 4.2%. Over the next year, revenue is forecast to grow 4.5%, compared to a 12% growth forecast for the IT industry in Germany. Is New 90 Day High Low • Feb 02
New 90-day high: €18.80 The company is up 16% from its price of €16.20 on 03 November 2020. The German market is also up 16% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the IT industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €21.16 per share. Duyuru • Dec 24
TIS Inc. to Report Q3, 2021 Results on Feb 05, 2021 TIS Inc. announced that they will report Q3, 2021 results on Feb 05, 2021 Analyst Estimate Surprise Post Earnings • Nov 11
Revenue beats expectations Revenue exceeded analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 3.7%, compared to a 9.2% growth forecast for the IT industry in Germany. Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS JP¥18.98 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥110.9b (down 3.8% from 2Q 2020). Net income: JP¥4.75b (down 34% from 2Q 2020). Profit margin: 4.3% (down from 6.2% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Nov 10
New 90-day high: €18.30 The company is up 6.0% from its price of €17.20 on 11 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is down 22% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €16.78 per share. Duyuru • Sep 27
TIS Inc. to Report Q2, 2021 Results on Nov 10, 2020 TIS Inc. announced that they will report Q2, 2021 results on Nov 10, 2020 Duyuru • Aug 28
Aspera GmbH acquired AJS Inc. from TIS Inc. (TSE:3626) and Asahi Kasei Corporation (TSE:3407). Aspera GmbH acquired AJS Inc. from TIS Inc. (TSE:3626) and Asahi Kasei Corporation (TSE:3407) on August 27, 2020.
Aspera GmbH completed the acquisition of AJS Inc. from TIS Inc. (TSE:3626) and Asahi Kasei Corporation (TSE:3407) on August 27, 2020.