Reported Earnings • Jul 14
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: JP¥40.88 (up from JP¥32.07 in FY 2025). Revenue: JP¥36.3b (flat on FY 2025). Net income: JP¥579.0m (up 28% from FY 2025). Profit margin: 1.6% (up from 1.2% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Upcoming Dividend • May 21
Upcoming dividend of JP¥77.00 per share Eligible shareholders must have bought the stock before 28 May 2026. Payment date: 12 August 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.2%). Duyuru • May 10
Bewith, Inc. to Report Fiscal Year 2026 Results on Jul 13, 2026 Bewith, Inc. announced that they will report fiscal year 2026 results on Jul 13, 2026 Duyuru • Apr 27
Bewith, Inc. (TSE:9216) entered into an agreement to acquire 85% stake in Radiant Communication Sdn. Bhd. from a group of shareholders for MYR 33 million. Bewith, Inc. (TSE:9216) entered into an agreement to acquire 85% stake in Radiant Communication Sdn. Bhd. from a group of shareholders for MYR 33 million on April 27, 2026. A cash consideration of MYR 33 million will be paid by Bewith, Inc. Bewith, Inc. will pay an earnout/contingent payment, according to the achievement ratio of performance. As part of consideration, MYR 33 million is paid towards common equity of Radiant Communication Sdn. Bhd.
For the period ending December 31, 2025, Radiant Communication Sdn. Bhd. reported total revenue of MYR 23.51 million, EBIT of MYR 6.55 million and net income of MYR 4.88 million. As of December 31, 2025, Radiant Communication Sdn. Bhd. reported total assets of MYR 34.11 million and total common equity of MYR 21.05 million.
The expected completion of the transaction is May 29, 2026. Reported Earnings • Apr 11
Third quarter 2026 earnings released: EPS: JP¥20.63 (vs JP¥13.34 in 3Q 2025) Third quarter 2026 results: EPS: JP¥20.63 (up from JP¥13.34 in 3Q 2025). Revenue: JP¥8.98b (up 1.9% from 3Q 2025). Net income: JP¥292.0m (up 55% from 3Q 2025). Profit margin: 3.3% (up from 2.1% in 3Q 2025). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Duyuru • Apr 03
Bewith, Inc. to Report Q3, 2026 Results on Apr 10, 2026 Bewith, Inc. announced that they will report Q3, 2026 results on Apr 10, 2026 Declared Dividend • Jan 11
Dividend of JP¥77.00 announced Shareholders will receive a dividend of JP¥77.00. Ex-date: 28th May 2026 Payment date: 12th August 2026 Dividend yield will be 4.7%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is not covered by earnings (dividend approximately 7x earnings) nor is it covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 16% per year over the past 4 years and payments have been stable during that time. The company's earnings per share (EPS) would need to grow by 777% to bring the payout ratio under control. EPS is expected to grow by 200% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Jan 10
Second quarter 2026 earnings released: EPS: JP¥10.48 (vs JP¥21.45 in 2Q 2025) Second quarter 2026 results: EPS: JP¥10.48 (down from JP¥21.45 in 2Q 2025). Revenue: JP¥9.01b (down 3.1% from 2Q 2025). Net income: JP¥148.0m (down 51% from 2Q 2025). Profit margin: 1.6% (down from 3.3% in 2Q 2025). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Duyuru • Nov 18
Bewith, Inc. to Report Q2, 2026 Results on Jan 09, 2026 Bewith, Inc. announced that they will report Q2, 2026 results on Jan 09, 2026 Reported Earnings • Oct 11
First quarter 2026 earnings released: EPS: JP¥6.87 (vs JP¥18.30 in 1Q 2025) First quarter 2026 results: EPS: JP¥6.87 (down from JP¥18.30 in 1Q 2025). Revenue: JP¥8.93b (down 1.8% from 1Q 2025). Net income: JP¥97.0m (down 62% from 1Q 2025). Profit margin: 1.1% (down from 2.8% in 1Q 2025). Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Reported Earnings • Sep 02
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥32.07 (down from JP¥131 in FY 2024). Revenue: JP¥36.4b (down 4.8% from FY 2024). Net income: JP¥452.0m (down 75% from FY 2024). Profit margin: 1.2% (down from 4.8% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 47%. Revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Duyuru • Sep 01
Bewith, Inc. to Report Q1, 2026 Results on Oct 10, 2025 Bewith, Inc. announced that they will report Q1, 2026 results on Oct 10, 2025 New Risk • Jul 15
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 162% Dividend yield: 5.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. 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: Minor Risks Dividend is not well covered by cash flows (162% cash payout ratio). Profit margins are more than 30% lower than last year (1.2% net profit margin). Reported Earnings • Jul 14
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: JP¥32.07 (down from JP¥131 in FY 2024). Revenue: JP¥36.4b (down 4.8% from FY 2024). Net income: JP¥452.0m (down 75% from FY 2024). Profit margin: 1.2% (down from 4.8% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 47%. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Duyuru • Jul 11
Bewith, Inc., Annual General Meeting, Aug 28, 2025 Bewith, Inc., Annual General Meeting, Aug 28, 2025. Duyuru • Jun 30
Bewith, Inc. Revises Earnings Guidance for the Fiscal Year Ended May 31, 2025 Bewith, Inc. revised earnings guidance for the fiscal year ended May 31, 2025. For the year, the company expects Net sales to be JPY 36,424 million compared to previous guidance of JPY 37,100 million. Operating profit to be JPY 1,069 million compared to previous guidance of JPY 1,450 million. Profit attributable to owners of parent to be JPY 452 million compared to previous guidance of JPY 960 million. Earnings per share to be JPY 32.07 per share compared to previous guidance of JPY 68.12. The sales results for the fiscal year ended May 31, 2025, are expected to fall short of the previous forecast (disclosed on January 10, 2025). This is primarily due to an unexpected further decline in sales in public projects, despite the fact that the company successfully turned around sales in the smart life area, which includes finance, telecommunications, and distribution, by leveraging its competitive edge in digital transformation (DX). Both operating and net profits for the fiscal year ended May 31, 2025, are also expected to fall below the previously announced figures. This is attributed to an increase in the provision for shareholder benefits, drivenby a higher-than-expected number of shareholders as of May 31, 2025, as well as impairment losses on certain locations and intangible fixed assets. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,459, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Professional Services industry in Japan. Total returns to shareholders of 12% over the past three years. Duyuru • May 27
Bewith, Inc. to Report Fiscal Year 2025 Results on Jul 11, 2025 Bewith, Inc. announced that they will report fiscal year 2025 results on Jul 11, 2025 Upcoming Dividend • May 22
Upcoming dividend of JP¥77.00 per share Eligible shareholders must have bought the stock before 29 May 2025. Payment date: 13 August 2025. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.1%). Reported Earnings • Apr 12
Third quarter 2025 earnings released: EPS: JP¥13.34 (vs JP¥29.87 in 3Q 2024) Third quarter 2025 results: EPS: JP¥13.34 (down from JP¥29.87 in 3Q 2024). Revenue: JP¥8.82b (down 6.0% from 3Q 2024). Net income: JP¥188.0m (down 55% from 3Q 2024). Profit margin: 2.1% (down from 4.5% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Duyuru • Mar 04
Bewith, Inc. to Report Q3, 2025 Results on Apr 11, 2025 Bewith, Inc. announced that they will report Q3, 2025 results on Apr 11, 2025 Duyuru • Feb 27
Bewith, Inc. Announces Executive Changes Bewith, Inc. announced the following changes to President, as resolved at the Board of Directors meeting held on February 27, 2025. Kenji Iijima appointed to the new position of President from the Current Position of Executive Vice President and Director. Koichi Morimoto appointed to the new position of Chairman of the Board of Directors from the Current Position of President. Reason for the Changes: The Company has been listed since March 2022 and announced the "Medium-term Management Plan 2025" in July 2023. The growth story that the Company drew up in it was one that investors could count on; however, financial results in FY24 and FY25 have fallen short of expectations. Changes in the global environment, including the emergence of Generative AI, are likely to bring significant transformations to expectations for the Company. The Company firmly believes that now is the time to return to Business Philosophy: "Contributing to society through insights." Furthermore, the Company recognizes the need to rebuild its growth story and restore business performance by leveraging deep insights and the collective strength of its employees. In light of these circumstances, the Company has decided to appoint a new President and CEO. The Company aims to maximize corporate value by refine services utilizing the latest technologies, and to evolve into an innovative company. Brief Personal History of New President and CEO: June 2002: Joined the Company, October 2009: General Manager (in charge of Corporate Planning Dept.), September 2015 General Manager, Corporate Planning Dept. June 2016: Director, Executive Officer, Gene Manager of Corporate Planning Dept. August 2018: Executive Officer and General Manager, Corporate Division, November 2018: Executive Vice President and Director. Scheduled Date of Assumption of Office is March 1, 2025. Duyuru • Jan 23
Medley, Inc. (TSE:4480) agreed to acquire 75.4% stake in AxisRoot Holdings, Inc. from Kazuma Kondo, Bewith, Inc. (TSE:9216) and Tsuzuki Gakuen Educational Corporation for ¥6.1 billion. Medley, Inc. (TSE:4480) agreed to acquire 75.4% stake in AxisRoot Holdings, Inc. from Kazuma Kondo, Bewith, Inc. (TSE:9216) and Tsuzuki Gakuen Educational Corporation for ¥6.1 billion on January 23, 2025. Thereafter, a reverse stock split will be carried out for the common shares of AxisRoot Holdings. The ratio of the reverse stock split will be determined in such manner that only the Company and Alfresa Corporation will own the common stock of AxisRoot Holdings and the number of shares held by minority shareholders of AxisRoot Holdings will be less than one share. All outstanding stock acquisition rights of AxisRoot Holdings are scheduled to be exercised in connection with the reverse stock split. After the reverse stock split and purchase of fractional shares, Medley will acquire 7.4% of the common stock of AxisRoot Holdings held by Alfresa Corporation via the share exchange, thereby converting AxisRoot Holdings into a wholly owned subsidiary of Medley and Alfresa Corporation will hold 0.5% of the outstanding shares of Medley.
For the period ending February 29, 2024, AxisRoot Holdings, Inc. reported total revenue of ¥1.74 billion, EBIT of ¥258 million, net income of ¥167 million and EBITDA of ¥295 million. As of February 29, 2024, AxisRoot Holdings, Inc. reported total assets of ¥1.31 billion and total common equity of ¥898 million.
The expected completion of the transaction is January 31, 2025. New Risk • Jan 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.8% Last year net profit margin: 5.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Jan 14
Second quarter 2025 earnings released: EPS: JP¥21.46 (vs JP¥37.11 in 2Q 2024) Second quarter 2025 results: EPS: JP¥21.46 (down from JP¥37.11 in 2Q 2024). Revenue: JP¥9.30b (down 4.0% from 2Q 2024). Net income: JP¥302.5m (down 42% from 2Q 2024). Profit margin: 3.3% (down from 5.3% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Professional Services industry in Japan. Declared Dividend • Jan 12
Dividend of JP¥77.00 announced Shareholders will receive a dividend of JP¥77.00. Ex-date: 29th May 2025 Payment date: 13th August 2025 Dividend yield will be 5.2%, which is higher than the industry average of 1.2%. Sustainability & Growth Dividend is covered by both earnings (45% earnings payout ratio) and cash flows (57% cash payout ratio). The dividend has increased by an average of 22% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 40% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Oct 30
Bewith, Inc. to Report Q2, 2025 Results on Jan 10, 2025 Bewith, Inc. announced that they will report Q2, 2025 results on Jan 10, 2025 Reported Earnings • Oct 13
First quarter 2025 earnings released: EPS: JP¥18.30 (vs JP¥31.61 in 1Q 2024) First quarter 2025 results: EPS: JP¥18.30 (down from JP¥31.61 in 1Q 2024). Revenue: JP¥9.09b (down 5.8% from 1Q 2024). Net income: JP¥257.7m (down 41% from 1Q 2024). Profit margin: 2.8% (down from 4.6% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in Japan. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,510, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 15x in the Professional Services industry in Japan. Total loss to shareholders of 38% over the past year. Duyuru • Aug 03
Bewith, Inc. to Report Q1, 2025 Results on Oct 11, 2024 Bewith, Inc. announced that they will report Q1, 2025 results on Oct 11, 2024 Reported Earnings • Jul 13
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥131 (up from JP¥122 in FY 2023). Revenue: JP¥38.3b (up 8.8% from FY 2023). Net income: JP¥1.83b (up 9.3% from FY 2023). Profit margin: 4.8% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Revenue is forecast to grow 9.2% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Professional Services industry in Japan. Duyuru • Jul 12
Bewith, Inc., Annual General Meeting, Aug 28, 2024 Bewith, Inc., Annual General Meeting, Aug 28, 2024. Duyuru • May 29
Bewith, Inc. to Report Fiscal Year 2024 Results on Jul 11, 2024 Bewith, Inc. announced that they will report fiscal year 2024 results on Jul 11, 2024 Upcoming Dividend • May 23
Upcoming dividend of JP¥50.00 per share Eligible shareholders must have bought the stock before 30 May 2024. Payment date: 15 August 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.0%). Reported Earnings • Apr 12
Third quarter 2024 earnings released: EPS: JP¥29.87 (vs JP¥36.53 in 3Q 2023) Third quarter 2024 results: EPS: JP¥29.87 (down from JP¥36.53 in 3Q 2023). Revenue: JP¥9.38b (up 3.3% from 3Q 2023). Net income: JP¥418.0m (down 17% from 3Q 2023). Profit margin: 4.5% (down from 5.5% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Professional Services industry in Japan. Duyuru • Mar 28
Bewith, Inc. to Report Q3, 2024 Results on Apr 11, 2024 Bewith, Inc. announced that they will report Q3, 2024 results on Apr 11, 2024 Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥2,190, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the Professional Services industry in Japan. Total returns to shareholders of 35% over the past year. Reported Earnings • Jan 13
Second quarter 2024 earnings released: EPS: JP¥37.06 (vs JP¥29.09 in 2Q 2023) Second quarter 2024 results: EPS: JP¥37.06 (up from JP¥29.09 in 2Q 2023). Revenue: JP¥9.69b (up 13% from 2Q 2023). Net income: JP¥517.2m (up 30% from 2Q 2023). Profit margin: 5.3% (up from 4.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Professional Services industry in Japan. Buying Opportunity • Jan 12
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥2,440, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last year. Earnings per share has grown by 30%. Revenue is forecast to grow by 22% in 2 years. Earnings is forecast to grow by 30% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,091, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 17x in the Professional Services industry in Japan. Total returns to shareholders of 78% over the past year. Duyuru • Nov 01
Bewith, Inc. to Report Q2, 2024 Results on Jan 11, 2024 Bewith, Inc. announced that they will report Q2, 2024 results on Jan 11, 2024 Buying Opportunity • Oct 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 22%. The fair value is estimated to be JP¥2,474, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last year. Earnings per share has grown by 30%. Revenue is forecast to grow by 20% in 2 years. Earnings is forecast to grow by 34% in the next 2 years. Reported Earnings • Oct 13
First quarter 2024 earnings released: EPS: JP¥31.61 (vs JP¥9.05 in 1Q 2023) First quarter 2024 results: EPS: JP¥31.61 (up from JP¥9.05 in 1Q 2023). Revenue: JP¥9.65b (up 20% from 1Q 2023). Net income: JP¥440.0m (up 255% from 1Q 2023). Profit margin: 4.6% (up from 1.5% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Professional Services industry in Japan. Duyuru • Oct 12
Bewith, Inc. Provides Dividend Guidance for Year 2024 Bewith, Inc. provided dividend guidance for year 2024. For the period the company expected to pay the dividend of JPY 50 per share against JPY 49 per share a year ago. Reported Earnings • Sep 05
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥122 (down from JP¥136 in FY 2022). Revenue: JP¥35.2b (up 8.5% from FY 2022). Net income: JP¥1.68b (down 5.5% from FY 2022). Profit margin: 4.8% (down from 5.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.9%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Professional Services industry in Japan. Duyuru • Aug 27
Bewith, Inc. to Report Q1, 2024 Results on Oct 12, 2023 Bewith, Inc. announced that they will report Q1, 2024 results on Oct 12, 2023 New Risk • Jul 18
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% 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 (23% accrual ratio). Minor Risks Short dividend paying track record (1 year of continuous dividend payments). Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • Jul 15
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥122 (down from JP¥136 in FY 2022). Revenue: JP¥35.2b (up 8.5% from FY 2022). Net income: JP¥1.68b (down 5.5% from FY 2022). Profit margin: 4.8% (down from 5.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.9%. Revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Professional Services industry in Japan. Buying Opportunity • Jun 01
Now 21% undervalued Over the last 90 days, the stock is up 2.3%. The fair value is estimated to be JP¥2,167, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 7.6%. Revenue is forecast to grow by 24% in 2 years. Earnings is forecast to grow by 80% in the next 2 years. Upcoming Dividend • May 23
Upcoming dividend of JP¥49.00 per share at 2.6% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 10 August 2023. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.2%). Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to JP¥2,043, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 19x in the Professional Services industry in Japan. Total returns to shareholders of 49% over the past year. Reported Earnings • Apr 15
Third quarter 2023 earnings released: EPS: JP¥36.53 (vs JP¥24.59 in 3Q 2022) Third quarter 2023 results: EPS: JP¥36.53 (up from JP¥24.59 in 3Q 2022). Revenue: JP¥9.08b (up 8.7% from 3Q 2022). Net income: JP¥502.0m (up 49% from 3Q 2022). Profit margin: 5.5% (up from 4.0% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Professional Services industry in Japan. Buying Opportunity • Feb 02
Now 20% undervalued Over the last 90 days, the stock is up 23%. The fair value is estimated to be JP¥1,833, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last year. Earnings per share has declined by 19%. Revenue is forecast to grow by 23% in 2 years. Earnings is forecast to grow by 60% in the next 2 years. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥1,303, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 18x in the IT industry in Japan. Reported Earnings • Jan 13
Second quarter 2023 earnings released: EPS: JP¥29.09 (vs JP¥24.59 in 2Q 2022) Second quarter 2023 results: EPS: JP¥29.09 (up from JP¥24.59 in 2Q 2022). Revenue: JP¥8.56b (up 2.5% from 2Q 2022). Net income: JP¥399.0m (up 18% from 2Q 2022). Profit margin: 4.7% (up from 4.0% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • Oct 31
Bewith, Inc. to Report Q2, 2023 Results on Jan 12, 2023 Bewith, Inc. announced that they will report Q2, 2023 results on Jan 12, 2023 Reported Earnings • Oct 15
First quarter 2023 earnings released First quarter 2023 results: EPS: JP¥9.05. Net income: JP¥124.0m (up JP¥124.0m from 1Q 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the IT industry in Japan. Duyuru • Sep 23
Bewith, Inc. (TSE:9216) entered into a agreement to acquire 60% stake in Doinet Co., Ltd from Koki Doi. Bewith, Inc. (TSE:9216) entered into a agreement to acquire 60% stake in Doinet Co., Ltd from Koki Doi on September 22, 2022. Bewith, Inc. will acquire 120 shares in Doinet Co., Ltd. The transaction is expected to enter into a agreement on September 30, 2022. The transaction is expected to close on October 1, 2022. Duyuru • Aug 26
Bewith, Inc. to Report Q1, 2023 Results on Oct 13, 2022 Bewith, Inc. announced that they will report Q1, 2023 results on Oct 13, 2022 Duyuru • Jul 29
Bewith, Inc. Announces Year End Dividend for the Fiscal Year Ended May 31, 2022, Payable on August 10, 2022 Bewith, Inc. announced year end dividend for the fiscal year ended May 31, 2022. For the period, the company announced year end dividend of JPY 47 per share compared to JPY 8,900 per share a year ago. The company carried out a 200-for-1 stock split for its common share on October 22, 2021. The figures for fiscal year ended May 31, 2021 are the actual amounts of dividends before the said stock split. The amount of dividend after taking into account the said stock split is ¥44.50. The dividend will be payable on August 10, 2022. Reported Earnings • Jul 17
Full year 2022 earnings released: EPS: JP¥136 (vs JP¥129 in FY 2021) Full year 2022 results: EPS: JP¥136 (up from JP¥129 in FY 2021). Revenue: JP¥32.4b (up 12% from FY 2021). Net income: JP¥1.78b (up 7.3% from FY 2021). Profit margin: 5.5% (down from 5.7% in FY 2021). The decrease in margin was driven by higher expenses. Duyuru • Jul 16
Bewith, Inc., Annual General Meeting, Aug 25, 2022 Bewith, Inc., Annual General Meeting, Aug 25, 2022. Duyuru • May 13
Bewith, Inc. to Report Fiscal Year 2022 Results on Jul 14, 2022 Bewith, Inc. announced that they will report fiscal year 2022 results on Jul 14, 2022 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. 7 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 08
Bewith, Inc. to Report Q3, 2022 Results on Apr 13, 2022 Bewith, Inc. announced that they will report Q3, 2022 results on Apr 13, 2022