New Risk • Jun 12
New major risk - Revenue and earnings growth Earnings have declined by 0.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 12
Third quarter 2026 earnings released: EPS: JP¥7.31 (vs JP¥5.95 in 3Q 2025) Third quarter 2026 results: EPS: JP¥7.31 (up from JP¥5.95 in 3Q 2025). Revenue: JP¥2.38b (up 5.7% from 3Q 2025). Net income: JP¥410.0m (up 19% from 3Q 2025). Profit margin: 17% (up from 15% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Duyuru • Jun 11
i-mobile Co.,Ltd. (TSE:6535) announces an Equity Buyback for 1,200,000 shares, representing 2.14% for ¥700 million. i-mobile Co.,Ltd. (TSE:6535) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 2.14% of its issued share capital (excluding treasury stock), for a total purchase price of ¥700 million. The purpose of the program is acquire and cancel its own shares with the aim of further enhancing capital efficiency and increasing shareholder value, while preserving an appropriate level of shareholder equity necessary to sustain its business foundation and achieve sustainable growth. The program will continue through June 30, 2026 . As of January 31, 2026, the company had 56,094,873 issued shares (excluding treasury stock) and 2,052,315 treasury shares. Declared Dividend • Mar 14
Dividend of JP¥27.00 announced Shareholders will receive a dividend of JP¥27.00. Ex-date: 30th July 2026 Payment date: 6th October 2026 Dividend yield will be 5.2%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 22% per year over the past 6 years and payments have been stable during that time. Earnings per share has grown by 4.0% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 13
Second quarter 2026 earnings released: EPS: JP¥35.41 (vs JP¥31.87 in 2Q 2025) Second quarter 2026 results: EPS: JP¥35.41 (up from JP¥31.87 in 2Q 2025). Revenue: JP¥6.68b (down 44% from 2Q 2025). Net income: JP¥1.99b (up 7.9% from 2Q 2025). Profit margin: 30% (up from 15% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Duyuru • Dec 27
i-mobile Co.,Ltd. to Report Q2, 2026 Results on Mar 12, 2026 i-mobile Co.,Ltd. announced that they will report Q2, 2026 results on Mar 12, 2026 Reported Earnings • Dec 12
First quarter 2026 earnings released: EPS: JP¥0.75 (vs JP¥12.49 in 1Q 2025) First quarter 2026 results: EPS: JP¥0.75 (down from JP¥12.49 in 1Q 2025). Revenue: JP¥10.1b (up 130% from 1Q 2025). Net income: JP¥42.0m (down 94% from 1Q 2025). Profit margin: 0.4% (down from 16% 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 2% per year but the company’s share price has increased by 8% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Oct 17
i-mobile Co.,Ltd. to Report Q1, 2026 Results on Dec 11, 2025 i-mobile Co.,Ltd. announced that they will report Q1, 2026 results on Dec 11, 2025 Reported Earnings • Sep 13
Full year 2025 earnings released: EPS: JP¥51.40 (vs JP¥42.12 in FY 2024) Full year 2025 results: EPS: JP¥51.40 (up from JP¥42.12 in FY 2024). Revenue: JP¥21.5b (up 15% from FY 2024). Net income: JP¥2.96b (up 22% from FY 2024). Profit margin: 14% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Sep 11
i-mobile Co.,Ltd., Annual General Meeting, Oct 24, 2025 i-mobile Co.,Ltd., Annual General Meeting, Oct 24, 2025. Upcoming Dividend • Jul 23
Upcoming dividend of JP¥26.00 per share Eligible shareholders must have bought the stock before 30 July 2025. Payment date: 08 October 2025. Payout ratio is a comfortable 47% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.5%). Duyuru • Jul 02
i-mobile Co.,Ltd. to Report Fiscal Year 2025 Results on Sep 11, 2025 i-mobile Co.,Ltd. announced that they will report fiscal year 2025 results on Sep 11, 2025 Declared Dividend • Jun 27
Dividend of JP¥26.00 announced Shareholders will receive a dividend of JP¥26.00. Ex-date: 30th July 2025 Payment date: 8th October 2025 Dividend yield will be 3.9%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (47% earnings payout ratio) and cash flows (59% cash payout ratio). The dividend has increased by an average of 26% per year over the past 5 years and payments have been stable during that time. Earnings per share has grown by 27% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Jun 11
i-mobile Co.,Ltd. (TSE:6535) announces an Equity Buyback for 1,800,000 shares, representing 3.11% for ¥1,200 million. i-mobile Co.,Ltd. (TSE:6535) announces a share repurchase program. Under the program, the company will repurchase up to 1,800,000 shares, representing 3.11% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,200 million. The purpose of the program is acquire and cancel its own shares with the aim of further enhancing capital efficiency and increasing shareholder value, while preserving an appropriate level of shareholder equity necessary to sustain its business foundation and achieve sustainable growth. The program will continue through July 31, 2025. As of January 31, 2025, the company had 57,814,788 issued shares (excluding treasury stock) and 332,400 treasury shares. Duyuru • Apr 01
i-mobile Co.,Ltd. to Report Q3, 2025 Results on Jun 11, 2025 i-mobile Co.,Ltd. announced that they will report Q3, 2025 results on Jun 11, 2025 Duyuru • Mar 28
i-mobile Co.,Ltd. Announces Company Split (Simplified Absorption-Type Company Split) with Subsidiary Furunavi Energy, Inc i-mobile Co. Ltd. announced that at the meeting of its Board of Directors held on March 27, 2025, it resolved to transfer its electricity retailing business to Furunavi Energy Inc. ("Furunavi Energy"), a wholly-owned subsidiary will be established on April 1, 2025, through a company split, with an effective date of June 1, 2025 (scheduled). As this company split is a simplified absorption-type company split to which the Company and its wholly- owned subsidiary are parties, certain matters and details for disclosure have been partially omitted. The i-mobile Group (the "Group") operates two business segments--Consumer Service and Online Advertising--under its corporate vision of "Creating a Business for the Future," providing services that "Enhance User Experience with Internet Marketing." This absorption-type company split is being conducted in order to promptly advance business by spinning off the Company's electricity retailing business after April of this year. Outline of the Company Split:) Schedule for the Company Split Date of Board Resolution: March 27, 2025 Date of establishment of the: April 1, 2025 subsidiary Date of execution of the absorption- April 1, 2025 type company split agreement Effective date of the Absorption-type: June 1, 2025 (scheduled). Company Split Method of the Company Split: The Absorption-type Company Split will be implemented as a simplified absorption-type company split, with i-mobile as the splitting company and Furunavi Energy as the succeeding company. The Absorption-type Company Split is expected to have a minimal impact on the Company's consolidated financial results for the fiscal year ending July 2025. Reported Earnings • Mar 14
Second quarter 2025 earnings released: EPS: JP¥31.87 (vs JP¥10.70 in 2Q 2024) Second quarter 2025 results: EPS: JP¥31.87 (up from JP¥10.70 in 2Q 2024). Revenue: JP¥12.0b (up 42% from 2Q 2024). Net income: JP¥1.84b (up 80% from 2Q 2024). Profit margin: 15% (up from 12% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Duyuru • Jan 03
i-mobile Co.,Ltd. to Report Q2, 2025 Results on Mar 13, 2025 i-mobile Co.,Ltd. announced that they will report Q2, 2025 results on Mar 13, 2025 Reported Earnings • Dec 12
First quarter 2025 earnings released: EPS: JP¥12.49 (vs JP¥72.58 in 1Q 2024) First quarter 2025 results: EPS: JP¥12.49 (down from JP¥72.58 in 1Q 2024). Revenue: JP¥4.42b (down 25% from 1Q 2024). Net income: JP¥720.0m (down 48% from 1Q 2024). Profit margin: 16% (down from 24% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Board Change • Nov 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 4 highly experienced directors. Independent Outside Director Masumi Sai was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 29
i-mobile Co.,Ltd. to Report Q1, 2025 Results on Dec 10, 2024 i-mobile Co.,Ltd. announced that they will report Q1, 2025 results on Dec 10, 2024 New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Sep 15
Full year 2024 earnings released: EPS: JP¥42.12 (vs JP¥39.93 in FY 2023) Full year 2024 results: EPS: JP¥42.12 (up from JP¥39.93 in FY 2023). Revenue: JP¥18.7b (up 14% from FY 2023). Net income: JP¥2.42b (flat on FY 2023). Profit margin: 13% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.4% to JP¥437. The fair value is estimated to be JP¥547, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 11%. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥402, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 22x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 2.6% over the past three years. Buy Or Sell Opportunity • Aug 01
Now 23% undervalued Over the last 90 days, the stock has risen 9.3% to JP¥425. The fair value is estimated to be JP¥550, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.2% over the last 3 years. Earnings per share has grown by 11%. Upcoming Dividend • Jul 23
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 30 July 2024. Payment date: 10 October 2024. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%). Duyuru • Jul 04
i-mobile Co.,Ltd. to Report Fiscal Year 2024 Results on Sep 12, 2024 i-mobile Co.,Ltd. announced that they will report fiscal year 2024 results on Sep 12, 2024 Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥535, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 22x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 15% over the past three years. Reported Earnings • Jun 13
Third quarter 2024 earnings released: EPS: JP¥3.31 (vs JP¥3.30 in 3Q 2023) Third quarter 2024 results: EPS: JP¥3.31. Revenue: JP¥2.01b (up 16% from 3Q 2023). Net income: JP¥190.0m (down 4.5% from 3Q 2023). Profit margin: 9.5% (down from 12% in 3Q 2023). The decrease in margin was driven by higher expenses. Duyuru • May 11
I-Mobile Co., Ltd. Proposes Dividend Guidance for the Fiscal Year Ending July 31, 2024 i-mobile Co.,Ltd. proposed dividend guidance for the fiscal year ending July 31, 2024. For the fiscal year, the company expects to pay dividend of JPY 22.00 per share against JPY 13.50 per share prior guidance. New Risk • May 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: 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 (6.2% average weekly change). Duyuru • Apr 05
i-mobile Co.,Ltd. to Report Q3, 2024 Results on Jun 11, 2024 i-mobile Co.,Ltd. announced that they will report Q3, 2024 results on Jun 11, 2024 Reported Earnings • Mar 13
Second quarter 2024 earnings released: EPS: JP¥10.70 (vs JP¥28.34 in 2Q 2023) Second quarter 2024 results: EPS: JP¥10.70 (down from JP¥28.34 in 2Q 2023). Revenue: JP¥8.41b (down 17% from 2Q 2023). Net income: JP¥1.02b (down 40% from 2Q 2023). Profit margin: 12% (down from 17% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Jan 11
i-mobile Co.,Ltd. to Report Q2, 2024 Results on Mar 12, 2024 i-mobile Co.,Ltd. announced that they will report Q2, 2024 results on Mar 12, 2024 Duyuru • Dec 09
i-mobile Co., Ltd. Proposes Dividend Guidance for the Fiscal Year Ending July 31, 2024 i-mobile Co.,Ltd. proposed dividend guidance for the fiscal year ending July 31, 2024. For the fiscal year, the company expects to pay dividend of JPY 13.50 per share against JPY 40.00 per share a year ago. Reported Earnings • Dec 08
First quarter 2024 earnings released: EPS: JP¥72.58 (vs JP¥6.53 in 1Q 2023) First quarter 2024 results: EPS: JP¥72.58 (up from JP¥6.53 in 1Q 2023). Revenue: JP¥5.91b (up 145% from 1Q 2023). Net income: JP¥1.39b (up 253% from 1Q 2023). Profit margin: 24% (up from 16% in 1Q 2023). The increase in margin was driven by higher revenue. 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. Reported Earnings • Nov 02
Full year 2023 earnings released: EPS: JP¥39.93 (vs JP¥41.67 in FY 2022) Full year 2023 results: EPS: JP¥39.93 (down from JP¥41.67 in FY 2022). Revenue: JP¥16.4b (up 18% from FY 2022). Net income: JP¥2.40b (down 10% from FY 2022). Profit margin: 15% (down from 19% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 05
i-mobile Co.,Ltd. to Report Q1, 2024 Results on Dec 07, 2023 i-mobile Co.,Ltd. announced that they will report Q1, 2024 results on Dec 07, 2023 Reported Earnings • Sep 08
Full year 2023 earnings released: EPS: JP¥120 (vs JP¥125 in FY 2022) Full year 2023 results: EPS: JP¥120 (down from JP¥125 in FY 2022). Revenue: JP¥16.4b (up 18% from FY 2022). Net income: JP¥2.40b (down 10% from FY 2022). Profit margin: 15% (down from 19% in FY 2022). The decrease in margin was driven by higher expenses. 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 7% per year. Duyuru • Sep 07
i-mobile Co.,Ltd., Annual General Meeting, Oct 26, 2023 i-mobile Co.,Ltd., Annual General Meeting, Oct 26, 2023. Upcoming Dividend • Jul 21
Upcoming dividend of JP¥40.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 28 July 2023. Payment date: 11 October 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (1.5%). Duyuru • Jul 01
i-mobile Co.,Ltd. (TSE:6535) announces an Equity Buyback for 1,000,000 shares, representing 4.97% for ¥1,300 million. i-mobile Co.,Ltd. (TSE:6535) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 4.97% of its issued share capital (excluding treasury stock), for a total purchase price of ¥1,300 million. The purpose of the program is increase shareholder value by improving capital efficiency and enhancing shareholder returns. The program will continue through September 30, 2023. As of May 31, 2023, the company had 20,132,346 issued shares (excluding treasury stock) and 250,050 treasury shares. Reported Earnings • Jun 09
Third quarter 2023 earnings released: EPS: JP¥9.89 (vs JP¥16.63 in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.89 (down from JP¥16.63 in 3Q 2022). Revenue: JP¥1.74b (down 4.8% from 3Q 2022). Net income: JP¥199.0m (down 45% from 3Q 2022). Profit margin: 12% (down from 20% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 18% per year. Duyuru • Jun 09
I-Mobile Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending July 31, 2023 i-mobile Co.,Ltd. provided consolidated earnings guidance for the fiscal year ending July 31, 2023. For the fiscal year ending July 2023, the company expects net sales of JPY 16,000 million, operating income of JPY 3,850 million, profit attributable to owners of parent of JPY 2,705 million, and basic earnings per share of JPY 134.42. Reported Earnings • Mar 10
Second quarter 2023 earnings released: EPS: JP¥85.01 (vs JP¥76.01 in 2Q 2022) Second quarter 2023 results: EPS: JP¥85.01 (up from JP¥76.01 in 2Q 2022). Revenue: JP¥10.1b (up 33% from 2Q 2022). Net income: JP¥1.71b (up 4.3% from 2Q 2022). Profit margin: 17% (down from 22% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% 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 increased by 25% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 28
i-mobile Co.,Ltd. to Report Q2, 2023 Results on Mar 09, 2023 i-mobile Co.,Ltd. announced that they will report Q2, 2023 results on Mar 09, 2023 Reported Earnings • Dec 11
First quarter 2023 earnings released: EPS: JP¥19.58 (vs JP¥29.11 in 1Q 2022) First quarter 2023 results: EPS: JP¥19.58 (down from JP¥29.11 in 1Q 2022). Revenue: JP¥2.41b (down 4.7% from 1Q 2022). Net income: JP¥394.0m (down 37% from 1Q 2022). Profit margin: 16% (down from 25% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Interactive Media and Services industry in Japan. 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 21% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Chairman of the Board of Directors Toshihiko Tanaka was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Price Target Changed • Nov 16
Price target increased to JP¥1,930 Up from JP¥1,800, the current price target is provided by 1 analyst. New target price is 54% above last closing price of JP¥1,252. Stock is down 13% over the past year. The company is forecast to post earnings per share of JP¥139 for next year compared to JP¥125 last year. Reported Earnings • Nov 02
Full year 2022 earnings: EPS in line with expectations, revenues disappoint Full year 2022 results: EPS: JP¥125 (up from JP¥107 in FY 2021). Revenue: JP¥13.9b (down 22% from FY 2021). Net income: JP¥2.68b (up 17% from FY 2021). Profit margin: 19% (up from 13% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 14% 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 increased by 37% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Reported Earnings • Sep 09
Full year 2022 earnings: EPS in line with expectations, revenues disappoint Full year 2022 results: EPS: JP¥125 (up from JP¥107 in FY 2021). Revenue: JP¥13.9b (down 22% from FY 2021). Net income: JP¥2.68b (up 17% from FY 2021). Profit margin: 19% (up from 13% in FY 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Duyuru • Jul 24
i-mobile Co.,Ltd. to Report Fiscal Year 2022 Results on Sep 07, 2022 i-mobile Co.,Ltd. announced that they will report fiscal year 2022 results on Sep 07, 2022 Upcoming Dividend • Jul 21
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 28 July 2022. Payment date: 06 October 2022. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Reported Earnings • Jun 10
Third quarter 2022 earnings released: EPS: JP¥16.63 (vs JP¥14.94 in 3Q 2021) Third quarter 2022 results: EPS: JP¥16.63 (up from JP¥14.94 in 3Q 2021). Revenue: JP¥1.82b (down 41% from 3Q 2021). Net income: JP¥359.0m (up 13% from 3Q 2021). Profit margin: 20% (up from 10% in 3Q 2021). The increase in margin was driven by lower expenses. Over the next year, revenue is forecast to stay flat compared to a 12% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 27
i-mobile Co.,Ltd. (TSE:6535) announces an Equity Buyback for 1,500,000 shares, representing 6.95% for ¥2,000 million. i-mobile Co.,Ltd. (TSE:6535) announces a share repurchase program. Under the program, the company will repurchase up to 1,500,000 shares, representing 6.95% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,000 million. The purpose of the program is increase shareholder value by improving capital efficiency and enhancing shareholder returns. The program will continue through July 25, 2022. As of March 31, 2022, the company had 21,592,346 issued shares (excluding treasury stock) and 255,850 treasury shares. Board Change • Apr 27
Less than half of directors are independent 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. 1 independent director (4 non-independent directors). Chairman of the Board of Directors Toshihiko Tanaka was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 11
Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Second quarter 2022 results: EPS: JP¥76.01 (up from JP¥61.51 in 2Q 2021). Revenue: JP¥7.63b (down 1.4% from 2Q 2021). Net income: JP¥1.64b (up 26% from 2Q 2021). Profit margin: 22% (up from 17% in 2Q 2021). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) exceeded analyst estimates by 11%. Over the next year, revenue is expected to shrink by 7.0% compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 22
i-mobile Co.,Ltd. Provides Earnings Guidance for the Fiscal Year Ending July 31, 2022 i-mobile Co.,Ltd. provided earnings guidance for the fiscal year ending July 31, 2022. For the year, the company expects net sales of JPY 14,270 million, Operating profit was JPY 3,750 million, Profit attributable to owners of parent was JPY 2,504 million, and Basic earnings per share was JPY 116.49. Duyuru • Sep 29
i-mobile Co.,Ltd. Provides Earnings Guidance for the Fiscal Year Ending July 31, 2022 i-mobile Co.,Ltd. provided earnings guidance for the fiscal year ending July 31, 2022. For the year, the company expects net sales of JPY 14,270 million, Operating profit was JPY 3,750 million, Profit attributable to owners of parent was JPY 2,504 million, and Basic earnings per share was JPY 116.49. Duyuru • Sep 11
i-mobile Co.,Ltd. (TSE:6535) agreed to acquire Simple App Studio. i-mobile Co.,Ltd. (TSE:6535) agreed to acquire Simple App Studio on September 9, 2021. i-mobile will acquire all shares in Simple App Studio and make it a subsidiary. Reported Earnings • Sep 11
Full year 2021 earnings released: EPS JP¥107 (vs JP¥76.63 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥17.8b (up 20% from FY 2020). Net income: JP¥2.30b (up 33% from FY 2020). Profit margin: 13% (up from 12% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 22% per year. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥1,381, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 40x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 49% over the past three years. Reported Earnings • Jun 13
Third quarter 2021 earnings released: EPS JP¥14.94 (vs JP¥18.63 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥3.09b (up 2.8% from 3Q 2020). Net income: JP¥318.0m (down 22% from 3Q 2020). Profit margin: 10% (down from 14% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 17% per year. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improved over the past week After last week's 23% share price gain to JP¥1,666, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 35x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 60% over the past three years. Valuation Update With 7 Day Price Move • Mar 19
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥1,510, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 35x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 33% over the past three years. Reported Earnings • Mar 12
Second quarter 2021 earnings released: EPS JP¥61.51 (vs JP¥39.86 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: JP¥7.74b (up 37% from 2Q 2020). Net income: JP¥1.31b (up 44% from 2Q 2020). Profit margin: 17% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 29
i-mobile Co.,Ltd. to Report Q2, 2021 Results on Mar 11, 2021 i-mobile Co.,Ltd. announced that they will report Q2, 2021 results on Mar 11, 2021 Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,360, the stock is trading at a trailing P/E ratio of 15.7x, up from the previous P/E ratio of 13.4x. This compares to an average P/E of 43x in the Interactive Media and Services industry in Japan. Total returns to shareholders over the past three years are 8.8%. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥1,225, the stock is trading at a trailing P/E ratio of 14.1x, down from the previous P/E ratio of 17x. This compares to an average P/E of 45x in the Interactive Media and Services industry in Japan. Total returns to shareholders over the past three years are 1.8%. Reported Earnings • Dec 11
First quarter 2021 earnings released: EPS JP¥17.96 The company reported a solid first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: JP¥3.37b (flat on 1Q 2020). Net income: JP¥391.0m (up 88% from 1Q 2020). Profit margin: 12% (up from 6.2% in 1Q 2020). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Dec 11
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 14%. Earnings per share (EPS) also surpassed analyst estimates by 31%. Over the next year, revenue is forecast to stay flat compared to a 16% growth forecast for the Interactive Media and Services industry in Japan. Price Target Changed • Dec 01
Price target raised to JP¥1,480 Up from JP¥970, the current price target is provided by 1 analyst. The new target price is 15% above the current share price of JP¥1,288. As of last close, the stock is up 79% over the past year. Duyuru • Oct 10
i-mobile Co.,Ltd. to Report Q1, 2021 Results on Dec 10, 2020 i-mobile Co.,Ltd. announced that they will report Q1, 2021 results on Dec 10, 2020 Duyuru • Aug 03
i-mobile Co.,Ltd. to Report Fiscal Year 2020 Results on Sep 10, 2020 i-mobile Co.,Ltd. announced that they will report fiscal year 2020 results on Sep 10, 2020