Buy Or Sell Opportunity • Jul 29
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to JP¥1,157. The fair value is estimated to be JP¥961, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 24%. Declared Dividend • Jul 25
Final dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 29th September 2026 Payment date: 7th December 2026 Dividend yield will be 4.3%, 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 (58% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 31% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Jun 15
ID Holdings Corporation Provides Consolidated Earnings Guidance for the Fiscal Year 2027 and 2029 ID Holdings Corporation provided consolidated earnings guidance for the fiscal year 2027 and 2029. For the fiscal year 2027, the company expects net sales of JPY 44 billion and operating income of JPY 5.7 billion.
For the fiscal year 2029, the company expects net sales of JPY 50 billion and operating income of JPY 8 billion. Duyuru • May 09
ID Holdings Corporation to Report Q1, 2027 Results on Jul 31, 2026 ID Holdings Corporation announced that they will report Q1, 2027 results on Jul 31, 2026 Reported Earnings • May 01
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: JP¥172 (up from JP¥71.24 in FY 2025). Revenue: JP¥39.4b (up 8.5% from FY 2025). Net income: JP¥2.91b (up 22% from FY 2025). Profit margin: 7.4% (up from 6.6% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 30
ID Holdings Corporation, Annual General Meeting, Jun 19, 2026 ID Holdings Corporation, Annual General Meeting, Jun 19, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 23 June 2026. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.8%). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥39.17 (vs JP¥39.88 in 3Q 2025) Third quarter 2026 results: EPS: JP¥39.17 (down from JP¥39.88 in 3Q 2025). Revenue: JP¥9.72b (up 5.0% from 3Q 2025). Net income: JP¥665.0m (flat on 3Q 2025). Profit margin: 6.8% (down from 7.2% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 26% per year. Duyuru • Jan 31
ID Holdings Corporation to Report Fiscal Year 2026 Results on Apr 30, 2026 ID Holdings Corporation announced that they will report fiscal year 2026 results on Apr 30, 2026 Declared Dividend • Dec 06
First half dividend of JP¥35.00 announced Shareholders will receive a dividend of JP¥35.00. Ex-date: 30th March 2026 Payment date: 23rd June 2026 Dividend yield will be 3.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (36% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 17% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥38.59 (vs JP¥36.00 in 2Q 2025) Second quarter 2026 results: EPS: JP¥38.59 (up from JP¥36.00 in 2Q 2025). Revenue: JP¥9.80b (up 11% from 2Q 2025). Net income: JP¥652.0m (up 8.1% from 2Q 2025). Profit margin: 6.7% (down from 6.8% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Nov 01
ID Holdings Corporation to Report Q3, 2026 Results on Jan 30, 2026 ID Holdings Corporation announced that they will report Q3, 2026 results on Jan 30, 2026 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥36.99 (vs JP¥26.97 in 1Q 2025) First quarter 2026 results: EPS: JP¥36.99 (up from JP¥26.97 in 1Q 2025). Revenue: JP¥9.67b (up 14% from 1Q 2025). Net income: JP¥622.0m (up 38% from 1Q 2025). Profit margin: 6.4% (up from 5.3% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 01
ID Holdings Corporation to Report Q2, 2026 Results on Oct 31, 2025 ID Holdings Corporation announced that they will report Q2, 2026 results on Oct 31, 2025 Declared Dividend • Jul 09
Final dividend increased to JP¥35.00 Dividend of JP¥35.00 is 40% higher than last year. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 3.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (35% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 5.8% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 24
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥142 (up from JP¥106 in FY 2024). Revenue: JP¥36.3b (up 11% from FY 2024). Net income: JP¥2.39b (up 34% from FY 2024). Profit margin: 6.6% (up from 5.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 02
ID Holdings Corporation to Report Q1, 2026 Results on Jul 31, 2025 ID Holdings Corporation announced that they will report Q1, 2026 results on Jul 31, 2025 Reported Earnings • May 01
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: JP¥142 (up from JP¥106 in FY 2024). Revenue: JP¥36.3b (up 11% from FY 2024). Net income: JP¥2.39b (up 34% from FY 2024). Profit margin: 6.6% (up from 5.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.7%. Earnings per share (EPS) also surpassed analyst estimates by 22%. Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 6.1% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 30
ID Holdings Corporation, Annual General Meeting, Jun 20, 2025 ID Holdings Corporation, Annual General Meeting, Jun 20, 2025. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,913, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the IT industry in Japan. Total returns to shareholders of 163% over the past three years. Duyuru • Apr 15
ID Holdings Corporation Updates Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025 ID Holdings Corporation updated its consolidated earnings guidance for the fiscal year ending March 31, 2025. For the year, the company now expects net sales to be JPY 36,000 million, as compared to JPY 35,000 million previously, operating income to be JPY 3,500 million as compared to JPY 3,400 million previously, net income attributable to owners of parent to be JPY 2,100 million, as compared to JPY 2,000 million previously, net income per share to be JPY 125.25 per share as compared to JPY 119.30 per share previously. New Risk • Apr 04
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 5.8% 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 (5.8% average weekly change). Upcoming Dividend • Mar 21
Upcoming dividend of JP¥42.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Payout ratio is a comfortable 39% and the cash payout ratio is 85%. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.4%). Duyuru • Mar 18
ID Holdings Corporation to Report Fiscal Year 2025 Results on Apr 30, 2025 ID Holdings Corporation announced that they will report fiscal year 2025 results on Apr 30, 2025 Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥39.88 (vs JP¥28.94 in 3Q 2024) Third quarter 2025 results: EPS: JP¥39.88 (up from JP¥28.94 in 3Q 2024). Revenue: JP¥9.26b (up 13% from 3Q 2024). Net income: JP¥669.0m (up 38% from 3Q 2024). Profit margin: 7.2% (up from 5.9% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 28% per year. Duyuru • Jan 21
ID Holdings Corporation (TSE:4709) completed the acquisition of 21.30% stake in BroadBand Security, Inc. (TSE:4398) from SBI FinTech Solutions Co., Ltd. (KOSDAQ:A950110) ID Holdings Corporation (TSE:4709) agreed to acquire 21.30% stake in BroadBand Security, Inc. (TSE:4398) from SBI FinTech Solutions Co., Ltd. (KOSDAQ:A950110) for ¥2.0 billion on November 14, 2024. A cash consideration, ¥2,050 per share will be paid by ID Holdings Corporation, for an acquisition price of ¥1,976,200,000. ID Holdings Corporation will conclude a share transfer agreement with SBI FinTech Solutions Co., Ltd., by which SBI FinTech Solutions transfers 964,000 common shares of BroadBand Security, Inc. to the Company. The purpose of the partnership is to expand the two companies’ cybersecurity businesses. In tandem with the share purchase and capital and business partnership, BroadBand Security, Inc. becomes an affiliated company accounted for by the equity-method of the Company.
The share acquisition is subject to receipt of notice that the Fair Trade Commission does not issue a cease-and-desist order against the acquisition based on the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade. The Company expects to execute the acquisition of these shares on January 20, 2025.
ID Holdings Corporation (TSE:4709) completed the acquisition of 21.30% stake in BroadBand Security, Inc. (TSE:4398) from SBI FinTech Solutions Co., Ltd. (KOSDAQ:A950110) on January 20, 2025. New Risk • Jan 17
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 5.1% 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 (5.1% average weekly change). New Risk • Dec 16
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. Declared Dividend • Dec 07
First half dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 28th March 2025 Payment date: 24th June 2025 Dividend yield will be 3.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (42% earnings payout ratio) and cash flows (85% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Nov 15
ID Holdings Corporation (TSE:4709) agreed to acquire 21.30% stake in BroadBand Security, Inc. (TSE:4398) from SBI FinTech Solutions Co., Ltd. (KOSDAQ:A950110) for ¥2.0 billion. ID Holdings Corporation (TSE:4709) agreed to acquire 21.30% stake in BroadBand Security, Inc. (TSE:4398) from SBI FinTech Solutions Co., Ltd. (KOSDAQ:A950110) for ¥2.0 billion on November 14, 2024. A cash consideration of ¥1.98 billion valued at ¥2050 per share will be paid by ID Holdings Corporation. As part of consideration, ¥1.98 billion is paid towards common equity of BroadBand Security, Inc.
The expected completion of the transaction is January 20, 2025. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥36.00 (vs JP¥19.80 in 2Q 2024) Second quarter 2025 results: EPS: JP¥36.00 (up from JP¥19.80 in 2Q 2024). Revenue: JP¥8.86b (up 9.1% from 2Q 2024). Net income: JP¥603.4m (up 83% from 2Q 2024). Profit margin: 6.8% (up from 4.1% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the IT 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 19% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,584, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 92% over the past three years. Duyuru • Nov 01
ID Holdings Corporation to Report Q3, 2025 Results on Jan 31, 2025 ID Holdings Corporation announced that they will report Q3, 2025 results on Jan 31, 2025 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 49% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Duyuru • Aug 30
ID Holdings Corporation to Report Q2, 2025 Results on Oct 31, 2024 ID Holdings Corporation announced that they will report Q2, 2025 results on Oct 31, 2024 Duyuru • Aug 02
ID Holdings Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ended March 31, 2025 ID Holdings Corporation provided consolidated earnings guidance for the fiscal year ended March 31, 2025. For the year, the company expects net sales of JPY 35,000 million, operating income of JPY 3,000 million, net income attributable to owners of parent of JPY 1,750 million and net income per share of JPY 104.55. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥26.93 (vs JP¥30.96 in 1Q 2024) First quarter 2025 results: EPS: JP¥26.93 (down from JP¥30.96 in 1Q 2024). Revenue: JP¥8.49b (up 8.5% from 1Q 2024). Net income: JP¥451.0m (down 12% from 1Q 2024). Profit margin: 5.3% (down from 6.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 25
Final dividend of JP¥25.00 announced Shareholders will receive a dividend of JP¥25.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 3.4%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (52% earnings payout ratio) and cash flows (76% cash payout ratio). The dividend has increased by an average of 18% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jun 28
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥106 (up from JP¥84.50 in FY 2023). Revenue: JP¥32.7b (up 5.1% from FY 2023). Net income: JP¥1.78b (up 27% from FY 2023). Profit margin: 5.4% (up from 4.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 3.9%. 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 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 01
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥106 (up from JP¥84.50 in FY 2023). Revenue: JP¥32.7b (up 5.1% from FY 2023). Net income: JP¥1.78b (up 27% from FY 2023). Profit margin: 5.4% (up from 4.5% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 3.9%. Revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 4.9% growth forecast for the IT 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 18% per year, which means it is significantly lagging earnings growth. Duyuru • Apr 30
ID Holdings Corporation (TSE:4709) announces an Equity Buyback for 50,000 shares, representing 0.3% for ¥50 million. ID Holdings Corporation (TSE:4709) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 0.29% of its issued shares for a total of ¥50 million. The purpose of the program is to respond flexibly to changes in the business environment, and strive to improve capital efficiency and enhance shareholder returns. The program will expire on June 28, 2024. As of March 31, 2024, the company had 16,769,023 issued shares and 1,297,430 shares in treasury. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 52% and this is well supported by cash flows. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (1.4%). Buy Or Sell Opportunity • Mar 01
Now 21% undervalued Over the last 90 days, the stock has risen 4.8% to JP¥1,620. The fair value is estimated to be JP¥2,049, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Buy Or Sell Opportunity • Feb 15
Now 21% undervalued Over the last 90 days, the stock has risen 8.4% to JP¥1,618. The fair value is estimated to be JP¥2,040, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.7% over the last 3 years. Earnings per share has grown by 31%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 28% in the next 2 years. Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥28.94 (vs JP¥26.46 in 3Q 2023) Third quarter 2024 results: EPS: JP¥28.94 (up from JP¥26.46 in 3Q 2023). Revenue: JP¥8.17b (flat on 3Q 2023). Net income: JP¥485.0m (up 11% from 3Q 2023). Profit margin: 5.9% (up from 5.4% in 3Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 02
Second quarter 2024 earnings released: EPS: JP¥19.80 (vs JP¥18.57 in 2Q 2023) Second quarter 2024 results: EPS: JP¥19.80 (up from JP¥18.57 in 2Q 2023). Revenue: JP¥8.12b (up 7.3% from 2Q 2023). Net income: JP¥330.0m (up 7.1% from 2Q 2023). Profit margin: 4.1% (in line with 2Q 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT 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 only increased by 16% per year, which means it is significantly lagging earnings growth. Duyuru • Nov 01
ID Holdings Corporation to Report Q3, 2024 Results on Jan 31, 2024 ID Holdings Corporation announced that they will report Q3, 2024 results on Jan 31, 2024 Buying Opportunity • Sep 28
Now 21% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be JP¥1,850, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.0% over the last 3 years. Earnings per share has grown by 19%. Revenue is forecast to grow by 13% in 2 years. Earnings is forecast to grow by 28% in the next 2 years. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥25.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (1.5%). Duyuru • Aug 27
ID Holdings Corporation to Report Q2, 2024 Results on Oct 31, 2023 ID Holdings Corporation announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥30.96 (vs JP¥22.42 in 1Q 2023) First quarter 2024 results: EPS: JP¥30.96 (up from JP¥22.42 in 1Q 2023). Revenue: JP¥7.82b (up 7.2% from 1Q 2023). Net income: JP¥514.0m (up 38% from 1Q 2023). Profit margin: 6.6% (up from 5.1% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Jul 25
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 5 new directors. 3 experienced directors. 2 highly experienced directors. 2 independent directors (4 non-independent directors). President, Group CEO & Chairman of the Board Masaki Funakoshi is the most experienced director on the board, commencing their role in 2005. Independent Outside Director Rieko Nishikawa was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Buying Opportunity • May 10
Now 20% undervalued Over the last 90 days, the stock is up 8.6%. The fair value is estimated to be JP¥1,414, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 9.9%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings is also forecast to grow by 13% per annum over the same time period. Reported Earnings • Apr 29
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥84.50 (up from JP¥61.59 in FY 2022). Revenue: JP¥31.1b (up 12% from FY 2022). Net income: JP¥1.40b (up 34% from FY 2022). Profit margin: 4.5% (up from 3.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 6.7%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 1.3% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥20.00 per share at 3.9% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 20 June 2023. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.7%). Duyuru • Feb 15
ID Holdings Corporation Revises Financial Guidance for the Fiscal Year Ending March 31, 2023 ID Holdings Corporation revised financial guidance for the fiscal year ending March 31, 2023. For the period, the company expected net sales of JPY 30,500 million against the previous guidance of JPY 29,000 million. Operating income of JPY 2,150 million against the previous guidance of JPY 1,950 million. Net income attributable to owners of parent of JPY 1,100 million against the previous guidance of JPY 1,100 million. Net income per share of JPY 66.30 against the previous guidance of JPY 66.30. Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥26.46 (vs JP¥16.12 in 3Q 2022) Third quarter 2023 results: EPS: JP¥26.46 (up from JP¥16.12 in 3Q 2022). Revenue: JP¥8.16b (up 16% from 3Q 2022). Net income: JP¥439.0m (up 60% from 3Q 2022). Profit margin: 5.4% (up from 3.9% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year. Duyuru • Jan 31
ID Holdings Corporation to Report Fiscal Year 2023 Results on Apr 28, 2023 ID Holdings Corporation announced that they will report fiscal year 2023 results on Apr 28, 2023 Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥18.57 (vs JP¥13.55 in 2Q 2022) Second quarter 2023 results: EPS: JP¥18.57 (up from JP¥13.55 in 2Q 2022). Revenue: JP¥7.57b (up 12% from 2Q 2022). Net income: JP¥308.0m (up 32% from 2Q 2022). Profit margin: 4.1% (up from 3.4% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Duyuru • Nov 02
ID Holdings Corporation to Report Q3, 2023 Results on Jan 31, 2023 ID Holdings Corporation announced that they will report Q3, 2023 results on Jan 31, 2023 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.7%). Duyuru • Aug 28
ID Holdings Corporation to Report Q2, 2023 Results on Oct 31, 2022 ID Holdings Corporation announced that they will report Q2, 2023 results on Oct 31, 2022 Board Change • Jul 31
High number of new directors Independent Outside Director Rieko Nishikawa was the last director to join the board, commencing their role in 2021. Reported Earnings • Jun 23
Full year 2022 earnings released: EPS: JP¥61.59 (vs JP¥44.33 in FY 2021) Full year 2022 results: EPS: JP¥61.59 (up from JP¥44.33 in FY 2021). Revenue: JP¥27.8b (up 7.9% from FY 2021). Net income: JP¥1.05b (up 40% from FY 2021). Profit margin: 3.8% (up from 2.9% in FY 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.8%, compared to a 11% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Duyuru • May 02
ID Holdings Corporation, Annual General Meeting, Jun 17, 2022 ID Holdings Corporation, Annual General Meeting, Jun 17, 2022. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥61.59 (vs JP¥44.33 in FY 2021) Full year 2022 results: EPS: JP¥61.59 (up from JP¥44.33 in FY 2021). Revenue: JP¥27.8b (up 7.9% from FY 2021). Net income: JP¥1.05b (up 40% from FY 2021). Profit margin: 3.8% (up from 2.9% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. 3 highly experienced directors. Outside Audit & Supervisory Board Member Masanori Okazaki is the most experienced director on the board, commencing their role in 2003. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.