Reported Earnings • Aug 01
First quarter 2027 earnings released: EPS: JP¥1.73 (vs JP¥2.24 in 1Q 2026) First quarter 2027 results: EPS: JP¥1.73 (down from JP¥2.24 in 1Q 2026). Revenue: JP¥1.16b (up 7.8% from 1Q 2026). Net income: JP¥76.0m (down 25% from 1Q 2026). Profit margin: 6.6% (down from 9.4% in 1Q 2026). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Duyuru • Jul 03
eBASE Co.,Ltd. to Report Q1, 2027 Results on Jul 31, 2026 eBASE Co.,Ltd. announced that they will report Q1, 2027 results on Jul 31, 2026 Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥22.97 (vs JP¥27.65 in FY 2025) Full year 2026 results: EPS: JP¥22.97 (down from JP¥27.65 in FY 2025). Revenue: JP¥5.26b (down 3.8% from FY 2025). Net income: JP¥1.03b (down 18% from FY 2025). Profit margin: 20% (down from 23% in FY 2025). 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 19% per year, which means it is significantly lagging earnings. Duyuru • May 18
eBASE Co.,Ltd., Annual General Meeting, Jun 22, 2026 eBASE Co.,Ltd., Annual General Meeting, Jun 22, 2026. Duyuru • Apr 29
eBASE Co.,Ltd. (TSE:3835) entered into a share purchase agreement to acquire 74.80% stake in KSP-SP Co., Ltd. eBASE Co.,Ltd. (TSE:3835) entered into a share purchase agreement to acquire 74.80% stake in KSP-SP Co., Ltd. on April 28, 2026.The Company intends to negotiate with the remaining shareholders of KSP-SP prior to the execution of the Share Transfer Agreement, with the aim of ultimately acquiring 100% of KSP-SP's issued shares.
The expected completion of the transaction is June 30, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.20 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 54% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥3.58 (vs JP¥3.61 in 3Q 2025) Third quarter 2026 results: EPS: JP¥3.58 (down from JP¥3.61 in 3Q 2025). Revenue: JP¥1.18b (flat on 3Q 2025). Net income: JP¥160.0m (down 1.5% from 3Q 2025). Profit margin: 14% (in line with 3Q 2025). 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 14% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jan 30
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.8% to JP¥436. 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 6.8% over the last 3 years. Earnings per share has grown by 14%. Buy Or Sell Opportunity • Dec 22
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 16% to JP¥428. The fair value is estimated to be JP¥537, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 14%. Duyuru • Dec 04
eBASE Co.,Ltd. to Report Q3, 2026 Results on Jan 30, 2026 eBASE Co.,Ltd. announced that they will report Q3, 2026 results on Jan 30, 2026 Buy Or Sell Opportunity • Dec 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to JP¥432. The fair value is estimated to be JP¥540, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Earnings per share has grown by 14%. Reported Earnings • Nov 02
Second quarter 2026 earnings released: EPS: JP¥6.35 (vs JP¥8.04 in 2Q 2025) Second quarter 2026 results: EPS: JP¥6.35 (down from JP¥8.04 in 2Q 2025). Revenue: JP¥1.36b (down 7.1% from 2Q 2025). Net income: JP¥285.4m (down 22% from 2Q 2025). Profit margin: 21% (down from 25% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • Oct 14
eBASE Co.,Ltd. (TSE:3835) announces an Equity Buyback for 1,000,000 shares, representing 2.23% for ¥500 million. eBASE Co.,Ltd. (TSE:3835) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, representing 2.23% of its total shares outstanding excluding treasury shares, for a total of ¥500 million. The purpose of repurchase program is to maintain a flexible capital policy that responds to changes in the business environment and a dividend payout ratio while achieving a higher level of shareholder returns. The repurchase program is valid till May 15, 2026. As of September 30, 2025, the company had 44,931,238 shares outstanding excluding treasury shares and had 2,233,562 shares in treasury. Duyuru • Sep 27
eBASE Co.,Ltd. to Report Q2, 2026 Results on Oct 31, 2025 eBASE Co.,Ltd. announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥2.23 (vs JP¥5.38 in 1Q 2025) First quarter 2026 results: EPS: JP¥2.23 (down from JP¥5.38 in 1Q 2025). Revenue: JP¥1.07b (down 15% from 1Q 2025). Net income: JP¥100.0m (down 59% from 1Q 2025). Profit margin: 9.3% (down from 19% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • Jun 29
eBASE Co.,Ltd. to Report Q1, 2026 Results on Jul 31, 2025 eBASE Co.,Ltd. announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • Jun 25
Full year 2025 earnings released: EPS: JP¥27.65 (vs JP¥25.03 in FY 2024) Full year 2025 results: EPS: JP¥27.65 (up from JP¥25.03 in FY 2024). Revenue: JP¥5.47b (up 5.3% from FY 2024). Net income: JP¥1.25b (up 9.3% from FY 2024). Profit margin: 23% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 21
Full year 2025 earnings released: EPS: JP¥27.65 (vs JP¥25.03 in FY 2024) Full year 2025 results: EPS: JP¥27.65 (up from JP¥25.03 in FY 2024). Revenue: JP¥5.47b (up 5.3% from FY 2024). Net income: JP¥1.25b (up 9.3% from FY 2024). Profit margin: 23% (in line with FY 2024). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Duyuru • May 15
eBASE Co.,Ltd., Annual General Meeting, Jun 23, 2025 eBASE Co.,Ltd., Annual General Meeting, Jun 23, 2025. Buy Or Sell Opportunity • May 12
Now 22% overvalued Over the last 90 days, the stock has fallen 10% to JP¥550. The fair value is estimated to be JP¥452, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 16%. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥460, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 18x in the Software industry in Japan. Total loss to shareholders of 6.0% over the past three years. Duyuru • Mar 25
eBASE Co.,Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 eBASE Co.,Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥13.80 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 06 June 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.6%). Buy Or Sell Opportunity • Mar 17
Now 21% overvalued Over the last 90 days, the stock has fallen 12% to JP¥570. The fair value is estimated to be JP¥473, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 16%. Buy Or Sell Opportunity • Feb 04
Now 22% overvalued Over the last 90 days, the stock has fallen 9.2% to JP¥605. The fair value is estimated to be JP¥497, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.7% over the last 3 years. Earnings per share has grown by 16%. Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥3.61 (vs JP¥5.29 in 3Q 2024) Third quarter 2025 results: EPS: JP¥3.61 (down from JP¥5.29 in 3Q 2024). Revenue: JP¥1.17b (down 4.9% from 3Q 2024). Net income: JP¥163.0m (down 33% from 3Q 2024). Profit margin: 14% (down from 20% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 04
eBASE Co.,Ltd. to Report Q3, 2025 Results on Jan 31, 2025 eBASE Co.,Ltd. announced that they will report Q3, 2025 results on Jan 31, 2025 Declared Dividend • Nov 02
Dividend of JP¥13.80 announced Shareholders will receive a dividend of JP¥13.80. Ex-date: 28th March 2025 Payment date: 6th June 2025 Dividend yield will be 2.1%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 27% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 6.6% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Sep 05
eBASE Co.,Ltd. to Report Q2, 2025 Results on Oct 31, 2024 eBASE Co.,Ltd. announced that they will report Q2, 2025 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥563, the stock trades at a trailing P/E ratio of 22.9x. Average trailing P/E is 19x in the Software industry in Japan. Total loss to shareholders of 28% over the past three years. Buy Or Sell Opportunity • Aug 05
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to JP¥525. The fair value is estimated to be JP¥699, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 12%. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥2.71 (vs JP¥3.41 in 1Q 2024) First quarter 2025 results: EPS: JP¥2.71 (down from JP¥3.41 in 1Q 2024). Revenue: JP¥1.06b (down 1.8% from 1Q 2024). Net income: JP¥123.0m (down 21% from 1Q 2024). Profit margin: 12% (down from 14% in 1Q 2024). The decrease in margin was primarily 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 10% per year, which means it is significantly lagging earnings. Duyuru • Jun 28
eBASE Co.,Ltd. to Report Q1, 2025 Results on Jul 31, 2024 eBASE Co.,Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024 New Risk • Jun 18
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥25.03 (vs JP¥19.41 in FY 2023) Full year 2024 results: EPS: JP¥25.03 (up from JP¥19.41 in FY 2023). Revenue: JP¥5.19b (up 10% from FY 2023). Net income: JP¥1.14b (up 28% from FY 2023). Profit margin: 22% (up from 19% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Duyuru • May 17
eBASE Co.,Ltd., Annual General Meeting, Jun 24, 2024 eBASE Co.,Ltd., Annual General Meeting, Jun 24, 2024. Duyuru • Mar 28
eBASE Co.,Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 eBASE Co.,Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥7.20 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 10 June 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.3%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥5.29 (vs JP¥4.06 in 3Q 2023) Third quarter 2024 results: EPS: JP¥5.29 (up from JP¥4.06 in 3Q 2023). Revenue: JP¥1.23b (up 12% from 3Q 2023). Net income: JP¥242.0m (up 30% from 3Q 2023). Profit margin: 20% (up from 17% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Duyuru • Feb 01
eBASE Co.,Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2024 eBASE Co.,Ltd provided dividend guidance for the fiscal year ending March 31, 2024. For the year, the company expects dividend of JPY 7.20 per share against JPY 6.10 per share paid for the same period a year ago. Duyuru • Dec 28
eBASE Co.,Ltd. to Report Q3, 2024 Results on Jan 31, 2024 eBASE Co.,Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥6.07 (vs JP¥4.73 in 2Q 2023) Second quarter 2024 results: EPS: JP¥6.07 (up from JP¥4.73 in 2Q 2023). Revenue: JP¥1.29b (up 16% from 2Q 2023). Net income: JP¥278.0m (up 28% from 2Q 2023). Profit margin: 22% (up from 20% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Duyuru • Nov 01
eBASE Co.,Ltd. (TSE:3835) announces an Equity Buyback for 400,000 shares, representing 0.87% for ¥300 million. eBASE Co.,Ltd. (TSE:3835) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 0.87% of its issued share capital (excluding treasury stock), for ¥300 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment and a higher stock price while maintaining a dividend payout ratio. The program will expire on February 29, 2024. As of September 30, 2023, the company had 45,841,343 issued shares (excluding treasury stock) and 1,323,457 treasury shares. Duyuru • Aug 27
eBASE Co.,Ltd. to Report Q2, 2024 Results on Oct 31, 2023 eBASE Co.,Ltd. announced that they will report Q2, 2024 results on Oct 31, 2023 New Risk • Aug 03
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 5.3% 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. Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥3.41 (vs JP¥2.20 in 1Q 2023) First quarter 2024 results: EPS: JP¥3.41 (up from JP¥2.20 in 1Q 2023). Revenue: JP¥1.08b (up 13% from 1Q 2023). Net income: JP¥156.0m (up 55% from 1Q 2023). Profit margin: 14% (up from 11% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • May 16
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥19.41 (up from JP¥16.15 in FY 2022). Revenue: JP¥4.71b (up 8.3% from FY 2022). Net income: JP¥890.0m (up 20% from FY 2022). Profit margin: 19% (up from 17% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 5.9% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Duyuru • May 13
eBASE Co.,Ltd., Annual General Meeting, Jun 26, 2023 eBASE Co.,Ltd., Annual General Meeting, Jun 26, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥6.10 per share at 0.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 28 June 2023. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.7%). Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥673, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 25x in the Software industry in Japan. Total loss to shareholders of 21% over the past three years. Duyuru • Feb 01
eBASE Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023 eBASE Co.,Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. The company expects net sales to be JPY 4,600 million, Operating profit to be JPY 1,350 million, profit attributable to owners of parent to be JPY 920 million or JPY 20.08 per basic share. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥4.06 (vs JP¥2.89 in 3Q 2022) Third quarter 2023 results: EPS: JP¥4.06 (up from JP¥2.89 in 3Q 2022). Revenue: JP¥1.10b (up 8.5% from 3Q 2022). Net income: JP¥186.0m (up 40% from 3Q 2022). Profit margin: 17% (up from 13% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% 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 08
eBASE Co.,Ltd. to Report Q3, 2023 Results on Jan 31, 2023 eBASE Co.,Ltd. announced that they will report Q3, 2023 results on Jan 31, 2023 Price Target Changed • Nov 16
Price target decreased to JP¥1,000 Down from JP¥1,100, the current price target is provided by 1 analyst. New target price is 59% above last closing price of JP¥628. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of JP¥20.10 for next year compared to JP¥16.15 last 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. 4 experienced directors. 5 highly experienced directors. No independent directors (9 non-independent directors). External Director Yasuhiro Fukuda was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥592, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 24x in the Software industry in Japan. Total returns to shareholders of 3.3% over the past three years. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥4.73 (vs JP¥4.63 in 2Q 2022) Second quarter 2023 results: EPS: JP¥4.73 (up from JP¥4.63 in 2Q 2022). Revenue: JP¥1.11b (flat on 2Q 2022). Net income: JP¥217.0m (up 1.9% from 2Q 2022). Profit margin: 20% (in line with 2Q 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 1% per year. Buying Opportunity • Oct 08
Now 20% undervalued Over the last 90 days, the stock is up 1.7%. The fair value is estimated to be JP¥689, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 2.5%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 41% in the next 2 years. Duyuru • Sep 28
eBASE Co.,Ltd. to Report Q2, 2023 Results on Oct 28, 2022 eBASE Co.,Ltd. announced that they will report Q2, 2023 results on Oct 28, 2022 Buying Opportunity • Sep 16
Now 21% undervalued Over the last 90 days, the stock is up 8.4%. The fair value is estimated to be JP¥696, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 2.5%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 41% in the next 2 years. Buying Opportunity • Aug 29
Now 21% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be JP¥697, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 2.5%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 41% in the next 2 years. Reported Earnings • Jul 31
First quarter 2023 earnings released: EPS: JP¥2.20 (vs JP¥1.39 in 1Q 2022) First quarter 2023 results: EPS: JP¥2.20 (up from JP¥1.39 in 1Q 2022). Revenue: JP¥961.0m (up 7.3% from 1Q 2022). Net income: JP¥101.0m (up 58% from 1Q 2022). Profit margin: 11% (up from 7.1% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.8%, compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Duyuru • Jun 30
eBASE Co.,Ltd. to Report Q1, 2023 Results on Jul 29, 2022 eBASE Co.,Ltd. announced that they will report Q1, 2023 results on Jul 29, 2022 Buying Opportunity • Jun 17
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 7.3%. The fair value is estimated to be JP¥641, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 6.0% per annum. Earnings is also forecast to grow by 17% per annum over the same time period. Reported Earnings • May 16
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: JP¥16.15 (down from JP¥18.88 in FY 2021). Revenue: JP¥4.35b (up 1.2% from FY 2021). Net income: JP¥744.0m (down 14% from FY 2021). Profit margin: 17% (down from 20% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 15%. Over the next year, revenue is forecast to grow 10%, compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • May 15
eBASE Co.,Ltd., Annual General Meeting, Jun 27, 2022 eBASE Co.,Ltd., Annual General Meeting, Jun 27, 2022. Price Target Changed • Apr 27
Price target decreased to JP¥1,100 Down from JP¥1,200, the current price target is provided by 1 analyst. New target price is 153% above last closing price of JP¥435. Stock is down 56% over the past year. The company is forecast to post earnings per share of JP¥19.10 for next year compared to JP¥18.88 last 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. 5 highly experienced directors. No independent directors (9 non-independent directors). External Director Yasuhiro Fukuda was the last director to join the board, commencing their role in 2015. 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
eBASE Co.,Ltd. (TSE:3835) announces an Equity Buyback for 500,000 shares, representing 1.09% for ¥300 million. eBASE Co.,Ltd. (TSE:3835) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 1.09% of its issued share capital (excluding treasury stock), for a total purchase price of ¥300 million. The purpose of the program is to return profits to shareholders at a higher level while maintaining a flexible capital policy in response to changes in the business environment and the conventional dividend payout ratio. The program will expire on August 31, 2022. As of March 31, 2022, the company had 46,059,238 issued shares (excluding treasury stock) and 1,105,562 treasury shares. Duyuru • Apr 08
eBASE Co.,Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 eBASE Co.,Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Buying Opportunity • Apr 07
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.8%. The fair value is estimated to be JP¥702, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 3.9%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 28% in the next 2 years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥5.80 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 29 June 2022. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.8%). Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: JP¥2.89 (down from JP¥3.08 in 3Q 2021). Revenue: JP¥1.01b (up 4.2% from 3Q 2021). Net income: JP¥133.0m (down 6.3% from 3Q 2021). Profit margin: 13% (down from 15% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 5.0%. Over the next year, revenue is forecast to grow 6.2%, compared to a 16% growth forecast for the industry in Japan. 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 10% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jan 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 32%. The fair value is estimated to be JP¥683, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% per annum over the last 3 years. Earnings per share has grown by 6.3% per annum over the last 3 years. Reported Earnings • Aug 05
First quarter 2022 earnings released: EPS JP¥1.39 (vs JP¥2.00 in 1Q 2021) The company reported a soft first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2022 results: Revenue: JP¥896.0m (up 1.6% from 1Q 2021). Net income: JP¥64.0m (down 30% from 1Q 2021). Profit margin: 7.1% (down from 10% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥18.88 (vs JP¥19.66 in FY 2020) The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥4.30b (down 3.1% from FY 2020). Net income: JP¥869.0m (down 3.9% from FY 2020). Profit margin: 20% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥4.90 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 23 June 2021. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (1.3%). Duyuru • Mar 17
eBase Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 eBase Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Is New 90 Day High Low • Feb 18
New 90-day low: JP¥902 The company is down 4.0% from its price of JP¥939 on 20 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 6.0% over the same period. Reported Earnings • Feb 02
Third quarter 2021 earnings released: EPS JP¥3.08 (vs JP¥2.63 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥969.0m (up 2.5% from 3Q 2020). Net income: JP¥142.0m (up 17% from 3Q 2020). Profit margin: 15% (up from 13% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 62% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 02
Revenue beats expectations Revenue exceeded analyst estimates by 4.2%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 8.1%, compared to a 12% growth forecast for the Software industry in Japan. Is New 90 Day High Low • Feb 02
New 90-day high: JP¥1,126 The company is up 14% from its price of JP¥992 on 04 November 2020. The Japanese market is also up 14% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Software industry, which is up 7.0% over the same period. Price Target Changed • Dec 01
Price target raised to JP¥1,300 Up from JP¥1,050, the current price target is provided by 1 analyst. The new target price is 22% above the current share price of JP¥1,066. As of last close, the stock is up 82% over the past year.