Price Target Changed • Jun 02
Price target decreased by 14% to JP¥1,005 Down from JP¥1,175, the current price target is an average from 6 analysts. New target price is 27% above last closing price of JP¥791. Stock is down 56% over the past year. The company is forecast to post earnings per share of JP¥43.30 for next year compared to JP¥33.93 last year. Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥790, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the IT industry in Japan. Total loss to shareholders of 55% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,526 per share. Announcement • May 28
SHIFT Inc. to Report Q3, 2026 Results on Jul 15, 2026 SHIFT Inc. announced that they will report Q3, 2026 results on Jul 15, 2026 Reported Earnings • Apr 15
Second quarter 2026 earnings released: EPS: JP¥8.51 (vs JP¥9.57 in 2Q 2025) Second quarter 2026 results: EPS: JP¥8.51 (down from JP¥9.57 in 2Q 2025). Revenue: JP¥37.2b (up 18% from 2Q 2025). Net income: JP¥2.22b (down 12% from 2Q 2025). Profit margin: 6.0% (down from 8.0% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.1% 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 fallen by 28% per year, which means it is significantly lagging earnings. Announcement • Apr 07
SHIFT Inc. to Report Q2, 2026 Results on Apr 14, 2026 SHIFT Inc. announced that they will report Q2, 2026 results on Apr 14, 2026 Price Target Changed • Mar 11
Price target decreased by 12% to JP¥1,275 Down from JP¥1,442, the current price target is an average from 6 analysts. New target price is 85% above last closing price of JP¥688. Stock is down 40% over the past year. The company is forecast to post earnings per share of JP¥44.34 for next year compared to JP¥33.93 last year. New Risk • Feb 26
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 8.6% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥678, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 59% over the past three years. Price Target Changed • Jan 29
Price target decreased by 7.7% to JP¥1,392 Down from JP¥1,508, the current price target is an average from 6 analysts. New target price is 81% above last closing price of JP¥769. Stock is down 43% over the past year. The company is forecast to post earnings per share of JP¥44.84 for next year compared to JP¥33.93 last year. Price Target Changed • Jan 21
Price target decreased by 8.5% to JP¥1,442 Down from JP¥1,575, the current price target is an average from 6 analysts. New target price is 74% above last closing price of JP¥829. Stock is down 39% over the past year. The company is forecast to post earnings per share of JP¥45.12 for next year compared to JP¥33.93 last year. Announcement • Jan 16
SHIFT Inc. (TSE:3697) announces an Equity Buyback for 7,900,000 shares, representing 3% for ¥10,000 million. SHIFT Inc. (TSE:3697) announces a share repurchase program. Under the program, the company will repurchase up to 7,900,000 shares, representing 3% of its issued share capital (excluding treasury stock), for a total purchase price of ¥10,000 million. The program is being conducted as a growth strategy investment. The program will continue through March 31, 2026. As of August 31, 2025, the company had 263,285,170 issued shares and 4,215,500 treasury shares. Reported Earnings • Jan 15
First quarter 2026 earnings released: EPS: JP¥6.82 (vs JP¥8.53 in 1Q 2025) First quarter 2026 results: EPS: JP¥6.82 (down from JP¥8.53 in 1Q 2025). Revenue: JP¥34.8b (up 13% from 1Q 2025). Net income: JP¥1.80b (down 20% from 1Q 2025). Profit margin: 5.2% (down from 7.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.5% 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 fallen by 18% per year, which means it is significantly lagging earnings. Announcement • Nov 20
SHIFT Inc. to Report Q1, 2026 Results on Jan 14, 2026 SHIFT Inc. announced that they will report Q1, 2026 results on Jan 14, 2026 Buy Or Sell Opportunity • Oct 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 34% to JP¥1,132. The fair value is estimated to be JP¥1,435, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. New Risk • Oct 01
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. This is currently the only risk that has been identified for the company. Announcement • Aug 27
SHIFT Inc. to Report Fiscal Year 2025 Results on Oct 14, 2025 SHIFT Inc. announced that they will report fiscal year 2025 results on Oct 14, 2025 Announcement • Aug 08
SHIFT Inc. (TSE:3697) agreed to acquire 5.70% stake in Comware Co., Ltd. for ¥81 million. SHIFT Inc. (TSE:3697) agreed to acquire 5.70% stake in Comware Co., Ltd. for ¥81 million on August 7, 2025. A cash consideration of ¥81 million will be paid by SHIFT Inc. As part of consideration, ¥81 million is paid towards common equity of Comware Co., Ltd. The expected completion of the transaction is August 8, 2025. Reported Earnings • Jul 11
Third quarter 2025 earnings released: EPS: JP¥6.80 (vs JP¥1.21 in 3Q 2024) Third quarter 2025 results: EPS: JP¥6.80 (up from JP¥1.21 in 3Q 2024). Revenue: JP¥33.7b (up 17% from 3Q 2024). Net income: JP¥1.79b (up 463% from 3Q 2024). Profit margin: 5.3% (up from 1.1% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 10
Price target increased by 12% to JP¥1,710 Up from JP¥1,530, the current price target is an average from 5 analysts. New target price is 9.4% above last closing price of JP¥1,564. Stock is up 108% over the past year. The company is forecast to post earnings per share of JP¥34.54 for next year compared to JP¥19.43 last year. Announcement • Jul 09
SHIFT Inc. Revises Consolidated Financial Forecast for the Fiscal Year Ending August 31, 2025 SHIFT Inc. revised consolidated financial forecast for the fiscal year Ending August 31, 2025. For the period, the company expects Net sales of JPY 130,000 Million. Operating profit of JPY 15,000 Million. Profit attributable to owners of parent of JPY 7,900 Million. Basic earnings per share of JPY 30.02. Buy Or Sell Opportunity • Jul 01
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 46% to JP¥1,787. The fair value is estimated to be JP¥1,483, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 43% in 2 years. Earnings are forecast to grow by 113% in the next 2 years. Buy Or Sell Opportunity • Jun 02
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 43% to JP¥1,765. The fair value is estimated to be JP¥1,470, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 44% in 2 years. Earnings are forecast to grow by 113% in the next 2 years. Announcement • May 10
SHIFT Inc. to Report Q3, 2025 Results on Jul 09, 2025 SHIFT Inc. announced that they will report Q3, 2025 results on Jul 09, 2025 Buy Or Sell Opportunity • May 09
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.6% to JP¥1,452. The fair value is estimated to be JP¥1,208, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 43% in 2 years. Earnings are forecast to grow by 107% in the next 2 years. Reported Earnings • Apr 11
Second quarter 2025 earnings released: EPS: JP¥9.57 (vs JP¥7.13 in 2Q 2024) Second quarter 2025 results: EPS: JP¥9.57 (up from JP¥7.13 in 2Q 2024). Revenue: JP¥31.5b (up 16% from 2Q 2024). Net income: JP¥2.52b (up 34% from 2Q 2024). Profit margin: 8.0% (up from 6.9% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the IT industry in Japan. 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 12% per year, which means it is significantly lagging earnings. Announcement • Apr 11
Shift Inc. Provides Consolidated Earnings Forecast for the Year Ending August 31, 2025 SHIFT Inc. provided consolidated earnings forecast for the year ending August 31, 2025. For the period, the company expects Net sales of JPY 130,000 Million. Operating profit of JPY 13,500 Million. Profit attributable to owners of parent of JPY 7,900 Million. Basic earnings per share of JPY 30.02. Price Target Changed • Apr 09
Price target increased by 12% to JP¥1,310 Up from JP¥1,165, the current price target is an average from 5 analysts. New target price is 21% above last closing price of JP¥1,084. Stock is down 24% over the past year. The company is forecast to post earnings per share of JP¥34.49 for next year compared to JP¥19.43 last year. Price Target Changed • Apr 01
Price target increased by 9.7% to JP¥1,241 Up from JP¥1,131, the current price target is an average from 5 analysts. New target price is 8.0% above last closing price of JP¥1,150. Stock is down 23% over the past year. The company is forecast to post earnings per share of JP¥34.22 for next year compared to JP¥19.43 last year. Announcement • Feb 14
SHIFT Inc. to Report Q2, 2025 Results on Apr 10, 2025 SHIFT Inc. announced that they will report Q2, 2025 results on Apr 10, 2025 New Risk • Feb 05
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 7.4% 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. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Jan 15
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 44% to JP¥20,970. The fair value is estimated to be JP¥16,658, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Price Target Changed • Dec 17
Price target decreased by 14% to JP¥16,268 Down from JP¥18,868, the current price target is an average from 5 analysts. New target price is approximately in line with last closing price of JP¥16,990. Stock is down 52% over the past year. The company is forecast to post earnings per share of JP¥466 for next year compared to JP¥291 last year. Buy Or Sell Opportunity • Dec 06
Now 21% undervalued Over the last 90 days, the stock has risen 45% to JP¥17,655. The fair value is estimated to be JP¥22,224, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 16% per annum. Earnings are also forecast to grow by 30% per annum over the same time period. Reported Earnings • Dec 05
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥291 (down from JP¥355 in FY 2023). Revenue: JP¥110.6b (up 26% from FY 2023). Net income: JP¥5.13b (down 18% from FY 2023). Profit margin: 4.6% (down from 7.1% in FY 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 24%. Revenue is forecast to grow 16% 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 18% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Dec 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥17,535, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 20x in the IT industry in Japan. Total loss to shareholders of 29% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥22,193 per share. Announcement • Nov 27
SHIFT Inc. to Report Q1, 2025 Results on Jan 14, 2025 SHIFT Inc. announced that they will report Q1, 2025 results on Jan 14, 2025 New Risk • Nov 02
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: 4.6% Last year net profit margin: 7.1% 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 Share price has been volatile over the past 3 months (8.4% average weekly change). Profit margins are more than 30% lower than last year (4.6% net profit margin). Major Estimate Revision • Oct 11
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from JP¥599 to JP¥500. Revenue forecast unchanged from JP¥135.4b at last update. Net income forecast to grow 49% next year vs 16% growth forecast for IT industry in Japan. Consensus price target of JP¥20,224 unchanged from last update. Share price rose 8.6% to JP¥15,650 over the past week. Major Estimate Revision • Sep 12
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥114.5b to JP¥113.4b. EPS estimate also fell from JP¥430 per share to JP¥384 per share. Net income forecast to grow 72% next year vs 16% growth forecast for IT industry in Japan. Consensus price target down from JP¥22,774 to JP¥20,224. Share price fell 4.4% to JP¥12,460 over the past week. Valuation Update With 7 Day Price Move • Sep 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥11,765, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 57% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥23,364 per share. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥11,815, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the IT industry in Japan. Total loss to shareholders of 52% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥23,308 per share. Announcement • Aug 20
SHIFT Inc. to Report Fiscal Year 2024 Results on Oct 10, 2024 SHIFT Inc. announced that they will report fiscal year 2024 results on Oct 10, 2024 Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥9,725, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 19x in the IT industry in Japan. Total loss to shareholders of 56% over the past three years. Reported Earnings • Jul 12
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: JP¥18.07 (down from JP¥102 in 3Q 2023). Revenue: JP¥28.8b (up 25% from 3Q 2023). Net income: JP¥318.0m (down 82% from 3Q 2023). Profit margin: 1.1% (down from 7.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 87%. Revenue is forecast to grow 22% p.a. on average during the next 3 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 25% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥11,255, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 19x in the IT industry in Japan. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥20,895 per share. Price Target Changed • Jul 01
Price target decreased by 11% to JP¥26,260 Down from JP¥29,660, the current price target is an average from 5 analysts. New target price is 82% above last closing price of JP¥14,395. Stock is down 46% over the past year. The company is forecast to post earnings per share of JP¥476 for next year compared to JP¥355 last year. Buy Or Sell Opportunity • May 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 35% to JP¥16,785. The fair value is estimated to be JP¥21,215, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Announcement • May 23
SHIFT Inc. to Report Q3, 2024 Results on Jul 10, 2024 SHIFT Inc. announced that they will report Q3, 2024 results on Jul 10, 2024 Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥16,395, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥21,176 per share. Price Target Changed • Apr 20
Price target decreased by 12% to JP¥29,660 Down from JP¥33,760, the current price target is an average from 5 analysts. New target price is 93% above last closing price of JP¥15,350. Stock is down 41% over the past year. The company is forecast to post earnings per share of JP¥490 for next year compared to JP¥355 last year. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥16,350, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 18x in the IT industry in Japan. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥21,173 per share. Buy Or Sell Opportunity • Apr 15
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 36% to JP¥16,950. The fair value is estimated to be JP¥21,212, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 32% over the last 3 years. Earnings per share has grown by 31%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings are also forecast to grow by 28% per annum over the same time period. Reported Earnings • Apr 12
Second quarter 2024 earnings: EPS misses analyst expectations Second quarter 2024 results: EPS: JP¥107 (up from JP¥53.98 in 2Q 2023). Revenue: JP¥27.2b (up 30% from 2Q 2023). Net income: JP¥1.88b (up 98% from 2Q 2023). Profit margin: 6.9% (up from 4.5% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 22% 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 31% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Mar 18
Now 21% overvalued Over the last 90 days, the stock has fallen 29% to JP¥25,425. The fair value is estimated to be JP¥21,009, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings are also forecast to grow by 28% per annum over the same time period. Announcement • Feb 07
SHIFT Inc. to Report Q2, 2024 Results on Apr 11, 2024 SHIFT Inc. announced that they will report Q2, 2024 results on Apr 11, 2024 Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to JP¥25,585, the stock trades at a forward P/E ratio of 44x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 95% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥19,454 per share. Reported Earnings • Jan 14
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: JP¥62.27 (down from JP¥69.96 in 1Q 2023). Revenue: JP¥25.1b (up 30% from 1Q 2023). Net income: JP¥1.10b (down 11% from 1Q 2023). Profit margin: 4.4% (down from 6.4% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 27%. Revenue is forecast to grow 22% 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 34% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Dec 19
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Yusuke Arai was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 30
SHIFT Inc. to Report Q1, 2024 Results on Jan 12, 2024 SHIFT Inc. announced that they will report Q1, 2024 results on Jan 12, 2024 Reported Earnings • Oct 13
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥355 (up from JP¥283 in FY 2022). Revenue: JP¥88.0b (up 36% from FY 2022). Net income: JP¥6.25b (up 26% from FY 2022). Profit margin: 7.1% (down from 7.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.0%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the IT industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jul 27
Price target increased by 8.5% to JP¥30,680 Up from JP¥28,280, the current price target is an average from 5 analysts. New target price is 6.1% below last closing price of JP¥32,690. Stock is up 65% over the past year. The company is forecast to post earnings per share of JP¥350 for next year compared to JP¥283 last year. New Risk • Jul 18
New major 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 7.5% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 17
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: JP¥102 (up from JP¥59.82 in 3Q 2022). Revenue: JP¥23.0b (up 34% from 3Q 2022). Net income: JP¥1.79b (up 70% from 3Q 2022). Profit margin: 7.8% (up from 6.1% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 20%. Revenue is forecast to grow 23% 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 38% per year whereas the company’s share price has increased by 41% per year. Announcement • Jun 12
SHIFT Inc. to Report Fiscal Year 2023 Results on Oct 12, 2023 SHIFT Inc. announced that they will report fiscal year 2023 results on Oct 12, 2023 Announcement • May 11
SHIFT Inc. to Report Q3, 2023 Results on Jul 13, 2023 SHIFT Inc. announced that they will report Q3, 2023 results on Jul 13, 2023 Reported Earnings • Apr 12
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: EPS: JP¥53.98 (down from JP¥72.92 in 2Q 2022). Revenue: JP¥21.0b (up 35% from 2Q 2022). Net income: JP¥952.0m (down 26% from 2Q 2022). Profit margin: 4.5% (down from 8.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 27% 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 41% per year whereas the company’s share price has increased by 40% per year. Announcement • Jan 31
SHIFT Inc. (TSE:3697) entered into an agreement to acquire Careersystems Inc. from Hisamu Saito for ¥1.17 billion SHIFT Inc. (TSE:3697) entered into an agreement to acquire Careersystems Inc. from Hisamu Saito for ¥1.17 billion on January 30, 2023. SHIFT Inc. will acquire 600 shares of Careersystem and the transaction has been approved by the board of SHIFT Inc.. Careersystems Inc. recorded net assets of ¥327.89 million, total assets of ¥393.22 million, net sales of ¥806.20 million, operating income of ¥30.55 million and net income of ¥34.31 million and ordinary income of ¥34.31 million for the year ended March 31, 2022. The transaction is expected to close on March 1, 2023. Announcement • Jan 26
SHIFT Inc. to Report Q2, 2023 Results on Apr 10, 2023 SHIFT Inc. announced that they will report Q2, 2023 results on Apr 10, 2023 Reported Earnings • Jan 13
First quarter 2023 earnings released: EPS: JP¥69.96 (vs JP¥78.62 in 1Q 2022) First quarter 2023 results: EPS: JP¥69.96 (down from JP¥78.62 in 1Q 2022). Revenue: JP¥19.4b (up 36% from 1Q 2022). Net income: JP¥1.23b (down 11% from 1Q 2022). Profit margin: 6.4% (down from 9.7% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% 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 46% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 04
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥283 (up from JP¥163 in FY 2021). Revenue: JP¥64.9b (up 41% from FY 2021). Net income: JP¥4.97b (up 77% from FY 2021). Profit margin: 7.7% (up from 6.1% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.9%. Revenue is forecast to grow 23% p.a. on average during the next 3 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 increased by 49% per year but the company’s share price has increased by 55% per year, which means it is tracking significantly ahead of earnings growth.