Reported Earnings • Mar 11
First quarter 2026 earnings released: JP¥2.97 loss per share (vs JP¥17.55 loss in 1Q 2025) First quarter 2026 results: JP¥2.97 loss per share (improved from JP¥17.55 loss in 1Q 2025). Revenue: JP¥5.60b (down 4.4% from 1Q 2025). Net loss: JP¥59.0m (loss narrowed 83% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 16
Full year 2025 earnings released: EPS: JP¥13.72 (vs JP¥36.63 loss in FY 2024) Full year 2025 results: EPS: JP¥13.72 (up from JP¥36.63 loss in FY 2024). Revenue: JP¥22.3b (down 12% from FY 2024). Net income: JP¥272.0m (up JP¥997.0m from FY 2024). Profit margin: 1.2% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has fallen by 22% 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 • Dec 11
GiG Works Inc., Annual General Meeting, Jan 29, 2026 GiG Works Inc., Annual General Meeting, Jan 29, 2026. Duyuru • Oct 28
GiG Works Inc. to Report Fiscal Year 2025 Results on Dec 11, 2025 GiG Works Inc. announced that they will report fiscal year 2025 results on Dec 11, 2025 Upcoming Dividend • Oct 23
Upcoming dividend of JP¥2.00 per share Eligible shareholders must have bought the stock before 30 October 2025. Payment date: 16 January 2026. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.3%). Reported Earnings • Sep 12
Third quarter 2025 earnings released: EPS: JP¥3.73 (vs JP¥19.89 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥3.73 (up from JP¥19.89 loss in 3Q 2024). Revenue: JP¥5.65b (down 10% from 3Q 2024). Net income: JP¥74.0m (up JP¥468.0m from 3Q 2024). Profit margin: 1.3% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 57% 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 • Aug 05
GiG Works Inc. to Report Q3, 2025 Results on Sep 10, 2025 GiG Works Inc. announced that they will report Q3, 2025 results on Sep 10, 2025 Declared Dividend • Jun 13
Dividend of JP¥2.00 announced Shareholders will receive a dividend of JP¥2.00. Ex-date: 30th October 2025 Payment date: 16th January 2026 Dividend yield will be 0.9%, which is lower than the industry average of 1.4%. Reported Earnings • Jun 12
Second quarter 2025 earnings released: EPS: JP¥23.14 (vs JP¥1.77 in 2Q 2024) Second quarter 2025 results: EPS: JP¥23.14 (up from JP¥1.77 in 2Q 2024). Revenue: JP¥5.21b (down 22% from 2Q 2024). Net income: JP¥459.0m (up JP¥424.0m from 2Q 2024). Profit margin: 8.8% (up from 0.5% in 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Duyuru • May 01
GiG Works Inc. to Report Q2, 2025 Results on Jun 11, 2025 GiG Works Inc. announced that they will report Q2, 2025 results on Jun 11, 2025 Duyuru • Apr 04
Immense Co., Ltd. acquired 80% stake in Nihonchokuhan Inc. from GiG Works Inc. (TSE:2375).. Immense Co., Ltd. agreed to acquire 80% stake in Nihonchokuhan Inc. from GiG Works Inc. (TSE:2375) on February 27, 2025. For the period ending October 31, 2024, Nihonchokuhan Inc. reported total revenue of ¥5.33 billion, operating loss of ¥365 million and net loss of ¥379 million. As of October 31, 2024, Nihonchokuhan Inc. reported total assets of ¥1.05 billion and net liabilities of ¥679 million. The expected completion of the transaction is April 1, 2025.
Immense Co., Ltd. completed the acquisition of 80% stake in Nihonchokuhan Inc. from GiG Works Inc. (TSE:2375) on April 2, 2025. Reported Earnings • Mar 11
First quarter 2025 earnings released: JP¥17.55 loss per share (vs JP¥1.52 profit in 1Q 2024) First quarter 2025 results: JP¥17.55 loss per share (down from JP¥1.52 profit in 1Q 2024). Revenue: JP¥5.86b (down 8.6% from 1Q 2024). Net loss: JP¥348.0m (down JP¥378.0m from profit in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Duyuru • Feb 28
Immense Co., Ltd. agreed to acquire 80% stake in Nihonchokuhan Inc. from GiG Works Inc. (TSE:2375). Immense Co., Ltd. agreed to acquire 80% stake in Nihonchokuhan Inc. from GiG Works Inc. (TSE:2375) on February 27, 2025. For the period ending October 31, 2024, Nihonchokuhan Inc. reported total revenue of ¥5.33 billion, operating loss of ¥365 million and net loss of ¥379 million. As of October 31, 2024, Nihonchokuhan Inc. reported total assets of ¥1.05 billion and net liabilities of ¥679 million. The expected completion of the transaction is April 1, 2025. Duyuru • Jan 28
GiG Works Inc. to Report Q1, 2025 Results on Mar 10, 2025 GiG Works Inc. announced that they will report Q1, 2025 results on Mar 10, 2025 Reported Earnings • Dec 13
Full year 2024 earnings released: JP¥36.63 loss per share (vs JP¥36.62 loss in FY 2023) Full year 2024 results: JP¥36.63 loss per share (further deteriorated from JP¥36.62 loss in FY 2023). Revenue: JP¥25.4b (down 4.0% from FY 2023). Net loss: JP¥725.0m (loss widened 1.0% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Duyuru • Dec 10
GiG Works Inc., Annual General Meeting, Jan 30, 2025 GiG Works Inc., Annual General Meeting, Jan 30, 2025. Duyuru • Oct 29
GiG Works Inc. to Report Fiscal Year 2024 Results on Dec 10, 2024 GiG Works Inc. announced that they will report fiscal year 2024 results on Dec 10, 2024 Upcoming Dividend • Oct 23
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 October 2024. Payment date: 16 January 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). 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 Risks No financial data reported. Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Market cap is less than US$100m (JP¥7.18b market cap, or US$51.1m). New Risk • Sep 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 51% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥7.18b market cap, or US$51.1m). Duyuru • Jul 27
GiG Works Inc. to Report Q3, 2024 Results on Sep 12, 2024 GiG Works Inc. announced that they will report Q3, 2024 results on Sep 12, 2024 Reported Earnings • Jun 16
Second quarter 2024 earnings released: EPS: JP¥1.77 (vs JP¥0.77 in 2Q 2023) Second quarter 2024 results: EPS: JP¥1.77 (up from JP¥0.77 in 2Q 2023). Revenue: JP¥6.63b (down 3.2% from 2Q 2023). Net income: JP¥35.0m (up 133% from 2Q 2023). Profit margin: 0.5% (up from 0.2% in 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 104 percentage points per year, which is a significant difference in performance. Declared Dividend • Jun 13
Dividend of JP¥5.00 announced Shareholders will receive a dividend of JP¥5.00. Ex-date: 30th October 2024 Payment date: 16th January 2025 Dividend yield will be 0.8%, which is lower than the industry average of 1.4%. New Risk • May 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.8% average weekly change). Earnings have declined by 43% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥12.6b market cap, or US$80.4m). Duyuru • Apr 07
GiG Works Inc. to Report Q2, 2024 Results on Jun 11, 2024 GiG Works Inc. announced that they will report Q2, 2024 results on Jun 11, 2024 Reported Earnings • Mar 13
First quarter 2024 earnings released: EPS: JP¥1.52 (vs JP¥1.18 in 1Q 2023) First quarter 2024 results: EPS: JP¥1.52 (up from JP¥1.18 in 1Q 2023). Revenue: JP¥6.41b (down 4.4% from 1Q 2023). Net income: JP¥30.0m (up 30% from 1Q 2023). Profit margin: 0.5% (up from 0.3% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 03
Full year 2023 earnings released: JP¥36.62 loss per share (vs JP¥11.78 profit in FY 2022) Full year 2023 results: JP¥36.62 loss per share (down from JP¥11.78 profit in FY 2022). Revenue: JP¥26.4b (up 15% from FY 2022). Net loss: JP¥718.0m (down 410% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Duyuru • Jan 11
GiG Works Inc. to Report Q1, 2024 Results on Mar 12, 2024 GiG Works Inc. announced that they will report Q1, 2024 results on Mar 12, 2024 Reported Earnings • Dec 14
Full year 2023 earnings released: JP¥36.62 loss per share (vs JP¥11.78 profit in FY 2022) Full year 2023 results: JP¥36.62 loss per share (down from JP¥11.78 profit in FY 2022). Revenue: JP¥26.4b (up 15% from FY 2022). Net loss: JP¥718.0m (down 410% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Duyuru • Dec 13
GiG Works Inc., Annual General Meeting, Jan 30, 2024 GiG Works Inc., Annual General Meeting, Jan 30, 2024. New Risk • Dec 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.6b (US$92.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). Earnings have declined by 22% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥13.6b market cap, or US$92.7m). Duyuru • Oct 18
GiG Works Inc. to Report Q4, 2023 Results on Dec 11, 2023 GiG Works Inc. announced that they will report Q4, 2023 results on Dec 11, 2023 Reported Earnings • Sep 12
Third quarter 2023 earnings released: JP¥50.79 loss per share (vs JP¥2.92 profit in 3Q 2022) Third quarter 2023 results: JP¥50.79 loss per share (down from JP¥2.92 profit in 3Q 2022). Revenue: JP¥6.44b (up 18% from 3Q 2022). Net loss: JP¥994.0m (down JP¥1.05b from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to JP¥334, the stock trades at a trailing P/E ratio of 47.4x. Average trailing P/E is 19x in the IT industry in Japan. Total loss to shareholders of 34% over the past three years. Duyuru • Aug 03
GiG Works Inc. to Report Q3, 2023 Results on Sep 11, 2023 GiG Works Inc. announced that they will report Q3, 2023 results on Sep 11, 2023 New Risk • Jun 12
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 113% The company is paying a dividend despite having no free cash flows. Dividend yield: 3.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 113% Paying a dividend despite having no free cash flows. Earnings have declined by 4.7% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (JP¥5.46b market cap, or US$39.2m). Reported Earnings • Jun 11
Second quarter 2023 earnings released: EPS: JP¥0.77 (vs JP¥5.27 in 2Q 2022) Second quarter 2023 results: EPS: JP¥0.77 (down from JP¥5.27 in 2Q 2022). Revenue: JP¥6.85b (up 18% from 2Q 2022). Net income: JP¥15.0m (down 85% from 2Q 2022). Profit margin: 0.2% (down from 1.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥271, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 57% over the past three years. Reported Earnings • Mar 10
First quarter 2023 earnings released: EPS: JP¥1.18 (vs JP¥1.44 in 1Q 2022) First quarter 2023 results: EPS: JP¥1.18 (down from JP¥1.44 in 1Q 2022). Revenue: JP¥6.70b (up 40% from 1Q 2022). Net income: JP¥23.0m (down 21% from 1Q 2022). Profit margin: 0.3% (down from 0.6% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Reported Earnings • Feb 02
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥11.78 (down from JP¥21.44 in FY 2021). Revenue: JP¥22.9b (up 8.3% from FY 2021). Net income: JP¥232.0m (down 47% from FY 2021). Profit margin: 1.0% (down from 2.1% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) missed analyst estimates by 34%. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 22% per year. Duyuru • Jan 28
GiG Works Inc. to Report Q1, 2023 Results on Mar 09, 2023 GiG Works Inc. announced that they will report Q1, 2023 results on Mar 09, 2023 Duyuru • Dec 11
GiG Works Inc., Annual General Meeting, Jan 27, 2023 GiG Works Inc., Annual General Meeting, Jan 27, 2023. Reported Earnings • Dec 11
Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2022 results: EPS: JP¥11.78 (down from JP¥21.44 in FY 2021). Revenue: JP¥22.9b (up 8.3% from FY 2021). Net income: JP¥232.0m (down 47% from FY 2021). Profit margin: 1.0% (down from 2.1% in FY 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) missed analyst estimates by 34%. Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 22% per year. 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. 3 experienced directors. 5 highly experienced directors. No independent directors (6 non-independent directors). President, Executive Officer and Representative Director Mineto Murata was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Upcoming Dividend • Oct 21
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 28 October 2022. Payment date: 16 January 2023. Payout ratio is a comfortable 70% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Duyuru • Oct 07
GiG Works Inc. to Report Fiscal Year 2022 Results on Dec 09, 2022 GiG Works Inc. announced that they will report fiscal year 2022 results on Dec 09, 2022 Reported Earnings • Sep 11
Third quarter 2022 earnings released: EPS: JP¥2.92 (vs JP¥0.79 loss in 3Q 2021) Third quarter 2022 results: EPS: JP¥2.92 (up from JP¥0.79 loss in 3Q 2021). Revenue: JP¥5.47b (up 21% from 3Q 2021). Net income: JP¥57.0m (up JP¥73.0m from 3Q 2021). Profit margin: 1.0% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Duyuru • Jul 28
GiG Works Inc. to Report Q3, 2022 Results on Sep 09, 2022 GiG Works Inc. announced that they will report Q3, 2022 results on Sep 09, 2022 Reported Earnings • Jun 13
Second quarter 2022 earnings released: EPS: JP¥5.27 (vs JP¥6.03 in 2Q 2021) Second quarter 2022 results: EPS: JP¥5.27 (down from JP¥6.03 in 2Q 2021). Revenue: JP¥5.79b (up 8.9% from 2Q 2021). Net income: JP¥103.0m (down 16% from 2Q 2021). Profit margin: 1.8% (down from 2.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 7.5%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 4% per year. Board Change • Apr 27
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. 4 experienced directors. 4 highly experienced directors. No independent directors (6 non-independent directors). President, Executive Officer and Representative Director Mineto Murata was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Duyuru • Apr 09
GiG Works Inc. to Report Q2, 2022 Results on Jun 10, 2022 GiG Works Inc. announced that they will report Q2, 2022 results on Jun 10, 2022 Reported Earnings • Mar 12
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: JP¥1.44 (down from JP¥14.40 in 1Q 2021). Revenue: JP¥4.80b (down 26% from 1Q 2021). Net income: JP¥29.0m (down 90% from 1Q 2021). Profit margin: 0.6% (down from 4.5% in 1Q 2021). Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 38%. Over the next year, revenue is forecast to grow 3.7%, compared to a 7.2% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 12% per year. Reported Earnings • Feb 03
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: JP¥21.44 (down from JP¥32.64 in FY 2020). Revenue: JP¥21.2b (up 7.1% from FY 2020). Net income: JP¥434.0m (down 34% from FY 2020). Profit margin: 2.1% (down from 3.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 38%. Over the next year, revenue is expected to shrink by 5.5% compared to a 7.7% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Duyuru • Feb 03
GiG Works Inc. to Report Q1, 2022 Results on Mar 10, 2022 GiG Works Inc. announced that they will report Q1, 2022 results on Mar 10, 2022 Reported Earnings • Dec 10
Full year 2021 earnings: EPS and revenues miss analyst expectations Full year 2021 results: EPS: JP¥21.44 (down from JP¥32.64 in FY 2020). Revenue: JP¥21.2b (up 7.1% from FY 2020). Net income: JP¥434.0m (down 34% from FY 2020). Profit margin: 2.1% (down from 3.3% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 38%. Earnings per share (EPS) missed analyst estimates by 38%. Over the next year, revenue is expected to shrink by 5.5% compared to a 7.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 08
GiG Works Inc. (TSE:2375) announces an Equity Buyback for 800,000 shares, representing 3.95% for ¥500 million. GiG Works Inc. (TSE:2375) announces a share repurchase program. Under the program, the company will repurchase up to 800,000 shares, representing 3.95% of its issued share capital for ¥500 million. The purpose of the program is to carry out agile capital policies in response to shareholder returns and changes in the business environment. The program is valid till January 31, 2022. As of December 7, 2021, the company had 21,882,510 shares issued and 1,608,495 shares in treasury. Upcoming Dividend • Oct 21
Upcoming dividend of JP¥8.00 per share Eligible shareholders must have bought the stock before 28 October 2021. Payment date: 15 January 2022. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.0%). In line with average of industry peers (1.2%). Reported Earnings • Sep 15
Third quarter 2021 earnings released: JP¥0.79 loss per share (vs JP¥2.68 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: JP¥4.53b (up 7.2% from 3Q 2020). Net loss: JP¥16.0m (down 130% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Sep 14
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥619, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 26x in the IT industry in Japan. Total returns to shareholders of 95% over the past three years. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥785, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 25x in the IT industry in Japan. Total returns to shareholders of 155% over the past three years. Reported Earnings • Jun 16
Second quarter 2021 earnings released: EPS JP¥6.03 (vs JP¥10.15 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: JP¥5.31b (up 12% from 2Q 2020). Net income: JP¥122.0m (down 40% from 2Q 2020). Profit margin: 2.3% (down from 4.3% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 38% per year. Reported Earnings • Mar 12
First quarter 2021 earnings released: EPS JP¥43.19 (vs JP¥9.73 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥6.44b (up 46% from 1Q 2020). Net income: JP¥291.0m (up 348% from 1Q 2020). Profit margin: 4.5% (up from 1.5% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 40% per year. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥3,415, the stock is trading at a trailing P/E ratio of 34.9x, up from the previous P/E ratio of 29.3x. This compares to an average P/E of 28x in the IT industry in Japan. Total returns to shareholders over the past three years are 231%. Is New 90 Day High Low • Mar 02
New 90-day high: JP¥3,415 The company is up 66% from its price of JP¥2,060 on 02 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is flat over the same period. Duyuru • Feb 10
GiG Works Inc. to Report Q1, 2021 Results on Mar 10, 2021 GiG Works Inc. announced that they will report Q1, 2021 results on Mar 10, 2021 Reported Earnings • Feb 02
Full year 2020 earnings released: EPS JP¥97.92 (vs JP¥67.31 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥19.8b (up 12% from FY 2019). Net income: JP¥657.0m (up 47% from FY 2019). Profit margin: 3.3% (up from 2.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 02
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Over the next year, revenue is forecast to grow 24%, compared to a 8.4% growth forecast for the IT industry in Japan. Is New 90 Day High Low • Dec 30
New 90-day high: JP¥3,270 The company is up 54% from its price of JP¥2,120 on 30 September 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 3.0% over the same period. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 54% share price gain to JP¥3,235, the stock is trading at a trailing P/E ratio of 33x, up from the previous P/E ratio of 21.5x. This compares to an average P/E of 30x in the IT industry in Japan. Total returns to shareholders over the past three years are 239%. Is New 90 Day High Low • Dec 14
New 90-day high: JP¥2,604 The company is up 64% from its price of JP¥1,586 on 15 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 6.0% over the same period. Reported Earnings • Dec 13
Full year 2020 earnings released: EPS JP¥97.92 The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥19.8b (up 12% from FY 2019). Net income: JP¥657.0m (up 47% from FY 2019). Profit margin: 3.3% (up from 2.5% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year whereas the company’s share price has increased by 28% per year. Analyst Estimate Surprise Post Earnings • Dec 13
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 6.9%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Over the next year, revenue is forecast to stay flat compared to a 8.3% growth forecast for the IT industry in Japan. Duyuru • Dec 13
GiG Works Inc., Annual General Meeting, Jan 29, 2021 GiG Works Inc., Annual General Meeting, Jan 29, 2021. Duyuru • Aug 19
GiG Works Inc. to Report Q3, 2020 Results on Sep 10, 2020 GiG Works Inc. announced that they will report Q3, 2020 results on Sep 10, 2020