Duyuru • Sep 25
Infocom Corporation to Delist from Prime Section of the Tokyo Stock Exchange, Effective October 16, 2024 Infocom Corporation will be delisted from prime section of the Tokyo Stock Exchange effective from October 16, 2024, due to Reverse stock split. Duyuru • Aug 02
Blackstone Inc. (NYSE:BX) completed the acquisition of additional 33.1% stake in Infocom Corporation (TSE:4348) for ¥110 billion in a tender offer transaction. Blackstone Inc. (NYSE:BX) entered into the Basic Transaction Agreement to acquire 41.98% stake in Infocom Corporation (TSE:4348) for ¥140 billion in a tender offer transaction on June 18, 2024. A cash consideration valued at ¥6060 per share and of ¥1 per unit of stock acquisition right will be paid by Blackstone Inc. The transaction will be financed through it's own funds of ¥14.2 billion. Blackstone Inc. expects that the Infocom Corporation’s management team will continue to play a leading role in the business operation. Transaction is subject to and has already been approved by Infocom Corporation's board. Transaction is expected to complete on July 31, 2024.
Goldman Sachs Japan Co., Ltd. acted as Financial advisor to Blackstone Inc. Anderson Mori & Tomotsune LPC acted as legal advisor to Blackstone Inc. TMI Associates acted as legal advisor to Tejin limited. Anthony King, Étienne Renaudeau, Shahpur Kabraji, Andrew Bechtel, Alvin Kwong, Meredith Jones and Steven Klar of Simpson Thacher & Bartlett LLP acted as legal advisor to Blackstone Inc. (NYSE:BX).
Blackstone Inc. (NYSE:BX) completed the acquisition of additional 33.1% stake in Infocom Corporation (TSE:4348) for ¥110 billion in a tender offer transaction on July 31, 2024. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥15.14 (vs JP¥22.49 in 1Q 2024) First quarter 2025 results: EPS: JP¥15.14 (down from JP¥22.49 in 1Q 2024). Revenue: JP¥20.9b (up 11% from 1Q 2024). Net income: JP¥831.0m (down 33% from 1Q 2024). Profit margin: 4.0% (down from 6.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 38% per year, which means it is well ahead of earnings. Duyuru • Jun 27
Infocom Corporation to Report Q1, 2025 Results on Jul 31, 2024 Infocom Corporation announced that they will report Q1, 2025 results on Jul 31, 2024 Valuation Update With 7 Day Price Move • May 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥4,670, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 18x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 67% over the past three years. Duyuru • May 11
Sony Group, Others Reportedly Consider Buying Infocom for $1.28 billion Sony Group Corporation (TSE:6758) and other parties are considering buying online comic store operator Infocom Corporation (TSE:4348) in a deal worth up to JPY 200 billion ($1.28 billion), Bloomberg News reported on May 9, 2024. Infocom parent Teijin Limited (TSE:3401) is aiming to sell its entire stake of around 55% and scheduled a second round of bidding for mid-May, Bloomberg said, citing multiple sources. Other likely bidders include the U.S. investment funds Blackstone Inc. (NYSE:BX) and KKR & Co. Inc. (NYSE:KKR), Bloomberg said. Some bidders are aiming to acquire all of Infocom's shares through a tender offer that could put the purchase price at JPY 200 billion, Bloomberg said, citing once source. Sony will bid in concert with investment fund Integral Corp, according to another source, Bloomberg said. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥3,485, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 36% over the past three years. Buy Or Sell Opportunity • May 02
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to JP¥2,843. The fair value is estimated to be JP¥2,331, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has declined by 9.2%. Revenue is forecast to grow by 33% in 2 years. Earnings are forecast to grow by 95% in the next 2 years. Reported Earnings • Apr 26
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: EPS: JP¥120 (up from JP¥65.20 in FY 2023). Revenue: JP¥84.5b (up 20% from FY 2023). Net income: JP¥6.61b (up 85% from FY 2023). Profit margin: 7.8% (up from 5.1% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.1% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Duyuru • Apr 26
Infocom Corporation, Annual General Meeting, Jun 24, 2024 Infocom Corporation, Annual General Meeting, Jun 24, 2024. Duyuru • Mar 27
Infocom Corporation to Report Fiscal Year 2024 Results on Apr 25, 2024 Infocom Corporation announced that they will report fiscal year 2024 results on Apr 25, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 17 June 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (1.5%). New Risk • Mar 11
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 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥2,685, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 21x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 1.9% over the past three years. Duyuru • Feb 29
Terilogy Holdings Corporation (TSE:5133) agreed to acquire LogIT Corporation from Infocom Corporation (TSE:4348) for approximately ¥570 million. Terilogy Holdings Corporation (TSE:5133) agreed to acquire LogIT Corporation from Infocom Corporation (TSE:4348) for approximately ¥570 million on February 28, 2024. LogIT Corporation reported Total revenue of ¥939 million, Total assets worth ¥810 million, EBIT of ¥16 million, Net Income of ¥9 million and Total Common equity of ¥577 million on year ending March 2023. Transaction is expected to complete on March 8, 2024. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥26.37 (vs JP¥2.92 in 3Q 2023) Third quarter 2024 results: EPS: JP¥26.37 (up from JP¥2.92 in 3Q 2023). Revenue: JP¥20.3b (up 17% from 3Q 2023). Net income: JP¥1.45b (up JP¥1.29b from 3Q 2023). Profit margin: 7.1% (up from 0.9% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Duyuru • Feb 01
Infocom Corporation Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024 Infocom Corporation provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects dividend of JPY 27.00 per share. Duyuru • Dec 26
Infocom Corporation to Report Q2, 2024 Results on Jan 31, 2024 Infocom Corporation announced that they will report Q2, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥29.02 (vs JP¥11.65 in 2Q 2023) Second quarter 2024 results: EPS: JP¥29.02 (up from JP¥11.65 in 2Q 2023). Revenue: JP¥21.2b (up 21% from 2Q 2023). Net income: JP¥1.59b (up 150% from 2Q 2023). Profit margin: 7.5% (up from 3.6% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 14% per year. Duyuru • Sep 27
Infocom Corporation to Report Q2, 2024 Results on Oct 31, 2023 Infocom Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥18.00 per share at 1.6% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 30 November 2023. Payout ratio is a comfortable 66% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.4%). Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥22.49 (vs JP¥19.53 in 1Q 2023) First quarter 2024 results: EPS: JP¥22.49 (up from JP¥19.53 in 1Q 2023). Revenue: JP¥18.8b (up 22% from 1Q 2023). Net income: JP¥1.23b (up 15% from 1Q 2023). Profit margin: 6.5% (down from 6.9% in 1Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Duyuru • Jun 26
Infocom Corporation to Report Q1, 2024 Results on Jul 31, 2023 Infocom Corporation announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • Jun 17
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥65.20 (down from JP¥126 in FY 2022). Revenue: JP¥70.3b (up 8.9% from FY 2022). Net income: JP¥3.57b (down 48% from FY 2022). Profit margin: 5.1% (down from 11% in FY 2022). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 8% per year. Major Estimate Revision • May 18
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥86.3b to JP¥80.2b. EPS estimate also fell from JP¥183 per share to JP¥144 per share. Net income forecast to grow 121% next year vs 16% growth forecast for Interactive Media and Services industry in Japan. Consensus price target up from JP¥5,200 to JP¥6,070. Share price was steady at JP¥2,260 over the past week. Reported Earnings • Apr 29
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥65.20 (down from JP¥126 in FY 2022). Revenue: JP¥70.3b (up 8.9% from FY 2022). Net income: JP¥3.57b (down 48% from FY 2022). Profit margin: 5.1% (down from 11% in FY 2022). Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥32.00 per share at 2.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 17 June 2023. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Major Estimate Revision • Feb 09
Consensus EPS estimates fall by 29%, revenue upgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from JP¥71.4b to JP¥72.6b. EPS estimate fell from JP¥144 to JP¥102 per share. Net income forecast to grow 129% next year vs 21% growth forecast for Interactive Media and Services industry in Japan. Consensus price target up from JP¥4,800 to JP¥5,200. Share price rose 4.8% to JP¥2,385 over the past week. Price Target Changed • Feb 08
Price target increased by 13% to JP¥5,200 Up from JP¥4,600, the current price target is provided by 1 analyst. New target price is 130% above last closing price of JP¥2,262. Stock is up 12% over the past year. The company is forecast to post earnings per share of JP¥102 for next year compared to JP¥126 last year. Reported Earnings • Feb 01
Third quarter 2023 earnings: EPS misses analyst expectations Third quarter 2023 results: EPS: JP¥2.92 (down from JP¥26.27 in 3Q 2022). Revenue: JP¥17.4b (up 16% from 3Q 2022). Net income: JP¥160.0m (down 89% from 3Q 2022). Profit margin: 0.9% (down from 9.6% in 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 92%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Interactive Media and 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 fallen by 11% per year, which means it is performing significantly worse than earnings. Duyuru • Dec 26
Infocom Corporation to Report Q3, 2023 Results on Jan 31, 2023 Infocom Corporation announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥11.65 (vs JP¥35.26 in 2Q 2022) Second quarter 2023 results: EPS: JP¥11.65 (down from JP¥35.26 in 2Q 2022). Revenue: JP¥17.5b (up 5.8% from 2Q 2022). Net income: JP¥638.0m (down 67% from 2Q 2022). Profit margin: 3.6% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Board Change • Nov 16
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. 2 highly experienced directors. CEO, President & Director Norihiro Takehara is the most experienced director on the board, commencing their role in 2009. 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 • Oct 30
Second quarter 2023 earnings released: EPS: JP¥11.65 (vs JP¥35.26 in 2Q 2022) Second quarter 2023 results: EPS: JP¥11.65 (down from JP¥35.26 in 2Q 2022). Revenue: JP¥17.5b (up 5.8% from 2Q 2022). Net income: JP¥638.0m (down 67% from 2Q 2022). Profit margin: 3.6% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year. Duyuru • Sep 24
Infocom Corporation to Report Q2, 2023 Results on Oct 28, 2022 Infocom Corporation announced that they will report Q2, 2023 results on Oct 28, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥18.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 30 November 2022. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 2.1%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). Price Target Changed • Aug 02
Price target decreased to JP¥4,600 Down from JP¥5,300, the current price target is provided by 1 analyst. New target price is 117% above last closing price of JP¥2,120. Stock is down 9.7% over the past year. The company is forecast to post earnings per share of JP¥144 for next year compared to JP¥126 last year. Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥19.53 (vs JP¥27.64 in 1Q 2022) First quarter 2023 results: EPS: JP¥19.53 (down from JP¥27.64 in 1Q 2022). Revenue: JP¥15.5b (down 2.4% from 1Q 2022). Net income: JP¥1.07b (down 29% from 1Q 2022). Profit margin: 6.9% (down from 9.5% in 1Q 2022). Over the next year, revenue is forecast to grow 11%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • Jul 29
Infocom Corporation Provides Earning Guidance for Six Months Ending September 2022 and Full Year Ending March 2023 Infocom Corporation provided earning guidance for six months ending September 2022 and full year ending March 2023. For the six months, the company expects net sales to be JPY 33,000 million, operating profit to be JPY 4,000 million, profit attributable to owners of parent JPY 2,700 million and basic earnings per share to be JPY 49.29.For the full year ending March 2023, the company expects net sales to be JPY 70,000 million, operating profit to be JPY 10,500 million, profit attributable to owners of parent JPY 7,000 million, Basic earnings per share JPY 127.80. Reported Earnings • Jun 19
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥126 (up from JP¥115 in FY 2021). Revenue: JP¥64.6b (down 5.1% from FY 2021). Net income: JP¥6.91b (up 10% from FY 2021). Profit margin: 11% (up from 9.2% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 7.6%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 30
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥126 (up from JP¥115 in FY 2021). Revenue: JP¥64.6b (down 5.1% from FY 2021). Net income: JP¥6.91b (up 10% from FY 2021). Profit margin: 11% (up from 9.2% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 4.7%. Over the next year, revenue is forecast to grow 11%, compared to a 7.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 8 new directors. 2 experienced directors. 1 highly experienced director. 3 independent directors (4 non-independent directors). CEO, President & Director Norihiro Takehara is the most experienced director on the board, commencing their role in 2009. Independent Outside Director Sachiko Awai was the last independent director to join the board, commencing their role in 2020. 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 • Apr 01
Infocom Corporation to Report Fiscal Year 2022 Results on Apr 27, 2022 Infocom Corporation announced that they will report fiscal year 2022 results on Apr 27, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 17 June 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (1.5%). Reported Earnings • Jan 28
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: JP¥26.27 (down from JP¥28.26 in 3Q 2021). Revenue: JP¥15.0b (down 4.3% from 3Q 2021). Net income: JP¥1.44b (down 7.0% from 3Q 2021). Profit margin: 9.6% (in line with 3Q 2021). Revenue missed analyst estimates by 7.3%. 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 4% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 28
Second quarter 2022 earnings released: EPS JP¥35.26 (vs JP¥35.35 in 2Q 2021) The company reported a soft second quarter result with weaker revenues, although earnings and profit margins were flat. Second quarter 2022 results: Revenue: JP¥16.6b (down 5.9% from 2Q 2021). Net income: JP¥1.93b (flat on 2Q 2021). Profit margin: 12% (in line with 2Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging 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: 30 November 2021. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.2%). Reported Earnings • Aug 03
First quarter 2022 earnings released: EPS JP¥27.64 (vs JP¥26.29 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2022 results: Revenue: JP¥15.9b (up 1.8% from 1Q 2021). Net income: JP¥1.51b (up 5.2% from 1Q 2021). Profit margin: 9.5% (in line with 1Q 2021). Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 14% per year. Valuation Update With 7 Day Price Move • Aug 03
Investor sentiment deteriorated over the past week After last week's 18% share price decline to JP¥2,392, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 25x in the IT industry in Japan. Total returns to shareholders of 51% over the past three years. Reported Earnings • Jun 19
Full year 2021 earnings released: EPS JP¥115 (vs JP¥101 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥68.1b (up 17% from FY 2020). Net income: JP¥6.28b (up 13% from FY 2020). Profit margin: 9.2% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 07
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥3,085, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 24x in the IT industry in Japan. Total returns to shareholders of 132% over the past three years. Reported Earnings • Apr 29
Full year 2021 earnings released: EPS JP¥115 (vs JP¥101 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥68.1b (up 17% from FY 2020). Net income: JP¥6.28b (up 13% from FY 2020). Profit margin: 9.2% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥27.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 18 June 2021. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (2.7%). In line with average of industry peers (1.3%). Is New 90 Day High Low • Feb 17
New 90-day low: JP¥2,905 The company is down 16% from its price of JP¥3,470 on 19 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 11% over the same period. Reported Earnings • Feb 13
Third quarter 2021 earnings released: EPS JP¥28.26 (vs JP¥25.60 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥15.7b (up 16% from 3Q 2020). Net income: JP¥1.55b (up 11% from 3Q 2020). Profit margin: 9.9% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jan 28
Third quarter 2021 earnings released: EPS JP¥28.30 (vs JP¥25.60 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥15.7b (up 16% from 3Q 2020). Net income: JP¥1.55b (up 11% from 3Q 2020). Profit margin: 9.9% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 28
New 90-day low: JP¥3,020 The company is down 20% from its price of JP¥3,790 on 30 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 12% over the same period. Duyuru • Dec 27
Infocom Corporation to Report Q3, 2021 Results on Jan 27, 2021 Infocom Corporation announced that they will report Q3, 2021 results on Jan 27, 2021 Is New 90 Day High Low • Dec 22
New 90-day low: JP¥3,190 The company is down 21% from its price of JP¥4,035 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day low: JP¥3,310 The company is down 10.0% from its price of JP¥3,665 on 08 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 9.0% over the same period. Duyuru • Nov 18
H1 and Infocom Corporation Announce Reseller Agreement H1 and Infocom Corporation announced a reseller agreement. The deal provides Infocom's software and "DigiPro" cloud services' customers access to 9 million healthcare professionals enhancing the depth of KOL data and accelerating the KOL selection process. Duyuru • Sep 28
Infocom Corporation to Report Q2, 2021 Results on Oct 28, 2020 Infocom Corporation announced that they will report Q2, 2021 results on Oct 28, 2020