Buy Or Sell Opportunity • May 18
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at JP¥1,490. The fair value is estimated to be JP¥1,916, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last year. Earnings per share has declined by 41%. Reported Earnings • May 14
First quarter 2026 earnings released: EPS: JP¥40.45 (vs JP¥29.44 in 1Q 2025) First quarter 2026 results: EPS: JP¥40.45 (up from JP¥29.44 in 1Q 2025). Revenue: JP¥567.0m (up 14% from 1Q 2025). Net income: JP¥66.0m (up 40% from 1Q 2025). Profit margin: 12% (up from 9.5% in 1Q 2025). Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: JP¥80.10 (vs JP¥168 in FY 2024) Full year 2025 results: EPS: JP¥80.10 (down from JP¥168 in FY 2024). Revenue: JP¥2.14b (up 11% from FY 2024). Net income: JP¥129.0m (down 52% from FY 2024). Profit margin: 6.0% (down from 14% in FY 2024). New Risk • Feb 19
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (32% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (6.0% net profit margin). Market cap is less than US$100m (JP¥2.51b market cap, or US$16.3m). New Risk • Feb 16
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.0% Last year net profit margin: 14% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.0% net profit margin). Market cap is less than US$100m (JP¥2.50b market cap, or US$16.3m). Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥80.10 (vs JP¥168 in FY 2024) Full year 2025 results: EPS: JP¥80.10 (down from JP¥168 in FY 2024). Revenue: JP¥2.14b (up 11% from FY 2024). Net income: JP¥129.0m (down 52% from FY 2024). Profit margin: 6.0% (down from 14% in FY 2024). Duyuru • Feb 13
PORTERS Corporation, Annual General Meeting, Mar 24, 2026 PORTERS Corporation, Annual General Meeting, Mar 24, 2026. Duyuru • Dec 27
PORTERS Corporation to Report Fiscal Year 2025 Results on Feb 13, 2026 PORTERS Corporation announced that they will report fiscal year 2025 results on Feb 13, 2026 Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: JP¥41.52 (vs JP¥52.62 in 3Q 2024) Third quarter 2025 results: EPS: JP¥41.52 (down from JP¥52.62 in 3Q 2024). Revenue: JP¥533.0m (up 4.1% from 3Q 2024). Net income: JP¥67.0m (down 20% from 3Q 2024). Profit margin: 13% (down from 16% in 3Q 2024). The decrease in margin was driven by higher expenses. Duyuru • Sep 30
PORTERS Corporation to Report Q3, 2025 Results on Nov 11, 2025 PORTERS Corporation announced that they will report Q3, 2025 results on Nov 11, 2025 Reported Earnings • Aug 15
Second quarter 2025 earnings released Second quarter 2025 results: EPS: JP¥32.29. Net income: JP¥52.0m (up JP¥52.0m from 2Q 2024). Duyuru • Jun 03
PORTERS Corporation to Report Q2, 2025 Results on Aug 12, 2025 PORTERS Corporation announced that they will report Q2, 2025 results on Aug 12, 2025 Reported Earnings • May 19
First quarter 2025 earnings released First quarter 2025 results: EPS: JP¥29.44. Net income: JP¥47.0m (up JP¥47.0m from 1Q 2024). New Risk • Apr 23
New minor risk - Financial data availability Less than 3 years of financial data is available. This is considered a minor risk. If the company has been trading for less than 3 years, then it has not had the opportunity to establish a long-term track record. This makes it difficult for investors to assess the true growth potential, sustainability and resilience of the business under different economic conditions. Currently, the following risks have been identified for the company: Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (JP¥3.14b market cap, or US$22.1m). Duyuru • Mar 28
PORTERS Corporation to Report Q1, 2025 Results on May 13, 2025 PORTERS Corporation announced that they will report Q1, 2025 results on May 13, 2025 New Risk • Feb 25
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 5.5% 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: Major Risk High level of non-cash earnings (201% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (JP¥3.33b market cap, or US$22.2m). Duyuru • Feb 07
PORTERS Corporation, Annual General Meeting, Mar 25, 2025 PORTERS Corporation, Annual General Meeting, Mar 25, 2025. Duyuru • Feb 05
PORTERS Corporation to Report Fiscal Year 2024 Results on Feb 07, 2025 PORTERS Corporation announced that they will report fiscal year 2024 results on Feb 07, 2025 New Risk • Nov 10
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended September 2023. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risk Latest financial reports are more than 1 year old (reported September 2023 fiscal period end). Minor Risk Market cap is less than US$100m (JP¥3.08b market cap, or US$20.2m). Duyuru • Oct 01
PORTERS Corporation to Report Q3, 2024 Results on Nov 12, 2024 PORTERS Corporation announced that they will report Q3, 2024 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,659, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 20x in the Software industry in Japan. Total loss to shareholders of 14% over the past year. Duyuru • Jun 30
PORTERS Corporation to Report Q2, 2024 Results on Aug 13, 2024 PORTERS Corporation announced that they will report Q2, 2024 results on Aug 13, 2024 New Risk • May 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Market cap is less than US$100m (JP¥3.25b market cap, or US$20.8m). Duyuru • Mar 29
PORTERS Corporation to Report Q1, 2024 Results on May 14, 2024 PORTERS Corporation announced that they will report Q1, 2024 results on May 14, 2024 New Risk • Feb 13
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 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (JP¥3.29b market cap, or US$22.0m). Duyuru • Feb 11
PORTERS Corporation, Annual General Meeting, Mar 26, 2024 PORTERS Corporation, Annual General Meeting, Mar 26, 2024. Duyuru • Dec 28
PORTERS Corporation to Report Fiscal Year 2023 Results on Feb 09, 2024 PORTERS Corporation announced that they will report fiscal year 2023 results on Feb 09, 2024 Reported Earnings • Nov 12
Third quarter 2023 earnings released: EPS: JP¥47.09 (vs JP¥34.48 in 3Q 2022) Third quarter 2023 results: EPS: JP¥47.09 (up from JP¥34.48 in 3Q 2022). Revenue: JP¥406.0m (up 15% from 3Q 2022). Net income: JP¥74.0m (up 37% from 3Q 2022). Profit margin: 18% (up from 15% in 3Q 2022). The increase in margin was driven by higher revenue. Duyuru • Oct 26
PORTERS Corporation intends to acquire an unknown minority stake in atB Co., Ltd. from Kazuki Iwai and Toshiteru Sugaya. PORTERS Corporation intends to acquire an unknown minority stake in atB Co., Ltd. from Kazuki Iwai and Toshiteru Sugaya on October 24, 2023. PORTERS Corporation's board of directors meeting held on October 24, 2023, have resolved to acquire the shares of atB Co., Ltd. and make it a subsidiary. Upon completion, PORTERS Corporation will acquire 50.9% of the atB Co., Ltd's outstanding common shares by acquiring shares from existing shareholders and subscribing to the third-party allotment capital increase conducted by atB. Number of shares acquired through atB stock transfer is 900 shares. The date of execution of the stock transfer agreement will be on October 25, 2023. New Risk • Oct 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 7.3% 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 Risk Share price has been highly volatile over the past 3 months (7.3% average weekly change). Minor Risk Market cap is less than US$100m (JP¥3.43b market cap, or US$22.9m). Duyuru • Aug 30
PORTERS Corporation to Report Q3, 2023 Results on Nov 10, 2023 PORTERS Corporation announced that they will report Q3, 2023 results on Nov 10, 2023 Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥2,445, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 24x in the Software industry in Japan. New Risk • Aug 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.5% 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 Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (JP¥3.58b market cap, or US$24.6m). Reported Earnings • Aug 14
Second quarter 2023 earnings released Second quarter 2023 results: EPS: JP¥51.56. Net income: JP¥81.0m (up JP¥81.0m from 2Q 2022). Duyuru • Jun 28
PORTERS Corporation to Report Q2, 2023 Results on Aug 10, 2023 PORTERS Corporation announced that they will report Q2, 2023 results on Aug 10, 2023 Duyuru • Feb 12
PORTERS Corporation, Annual General Meeting, Mar 24, 2023 PORTERS Corporation, Annual General Meeting, Mar 24, 2023. Duyuru • Dec 28
PORTERS Corporation to Report Fiscal Year 2022 Results on Feb 10, 2023 PORTERS Corporation announced that they will report fiscal year 2022 results on Feb 10, 2023 Duyuru • Oct 29
PORTERS Corporation to Report Q3, 2022 Results on Nov 08, 2022 PORTERS Corporation announced that they will report Q3, 2022 results on Nov 08, 2022 Duyuru • Sep 30
PORTERS Corporation has completed an IPO in the amount of ¥643.7 million. PORTERS Corporation has completed an IPO in the amount of ¥643.7 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 410,000
Price\Range: ¥1570
Discount Per Security: ¥125.6
Transaction Features: Sponsor Backed Offering