Reported Earnings • Jun 03
Full year 2026 earnings released: EPS: JP¥96.23 (vs JP¥22.80 in FY 2025) Full year 2026 results: EPS: JP¥96.23 (up from JP¥22.80 in FY 2025). Revenue: JP¥9.97b (up 2.0% from FY 2025). Net income: JP¥891.0m (up 323% from FY 2025). Profit margin: 8.9% (up from 2.2% in FY 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥680, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 13x in the Professional Services industry in Japan. Total loss to shareholders of 49% over the past three years. Reported Earnings • Apr 15
Full year 2026 earnings released: EPS: JP¥96.23 (vs JP¥22.80 in FY 2025) Full year 2026 results: EPS: JP¥96.23 (up from JP¥22.80 in FY 2025). Revenue: JP¥9.97b (up 2.0% from FY 2025). Net income: JP¥891.0m (up 323% from FY 2025). Profit margin: 8.9% (up from 2.2% in FY 2025). The increase in margin was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Ankündigung • Apr 14
VisasQ Inc., Annual General Meeting, May 29, 2026 VisasQ Inc., Annual General Meeting, May 29, 2026. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥598, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 14x in the Professional Services industry in Japan. Total loss to shareholders of 69% over the past three years. Reported Earnings • Jan 15
Third quarter 2026 earnings released: EPS: JP¥49.27 (vs JP¥24.17 in 3Q 2025) Third quarter 2026 results: EPS: JP¥49.27 (up from JP¥24.17 in 3Q 2025). Revenue: JP¥2.51b (up 5.9% from 3Q 2025). Net income: JP¥456.3m (up 104% from 3Q 2025). Profit margin: 18% (up from 9.4% in 3Q 2025). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. New Risk • Jan 07
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). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥4.76b market cap, or US$30.4m). Reported Earnings • Oct 17
Second quarter 2026 earnings released: EPS: JP¥10.80 (vs JP¥2.18 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥10.80 (up from JP¥2.18 loss in 2Q 2025). Revenue: JP¥2.33b (down 3.6% from 2Q 2025). Net income: JP¥100.0m (up JP¥120.2m from 2Q 2025). Profit margin: 4.3% (up from net loss in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 34% per year whereas the company’s share price has fallen by 30% per year. Reported Earnings • Jul 17
First quarter 2026 earnings released: EPS: JP¥8.76 (vs JP¥0.78 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥8.76 (up from JP¥0.78 loss in 1Q 2025). Revenue: JP¥2.45b (down 2.9% from 1Q 2025). Net income: JP¥81.0m (up JP¥88.2m from 1Q 2025). Profit margin: 3.3% (up from net loss in 1Q 2025). Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings. Reported Earnings • Jun 04
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥51.66 (up from JP¥1,404 loss in FY 2024). Revenue: JP¥9.78b (up 9.1% from FY 2024). Net income: JP¥477.0m (up JP¥13.4b from FY 2024). Profit margin: 4.9% (up from net loss in FY 2024). Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 70%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Ankündigung • May 27
VisasQ Inc. to Report Q1, 2026 Results on Jul 15, 2025 VisasQ Inc. announced that they will report Q1, 2026 results on Jul 15, 2025 Reported Earnings • Apr 12
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥51.66 (up from JP¥1,404 loss in FY 2024). Revenue: JP¥9.78b (up 9.1% from FY 2024). Net income: JP¥477.0m (up JP¥13.4b from FY 2024). Profit margin: 4.9% (up from net loss in FY 2024). Revenue missed analyst estimates by 5.3%. Earnings per share (EPS) also missed analyst estimates by 70%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Ankündigung • Apr 11
VisasQ Inc., Annual General Meeting, May 30, 2025 VisasQ Inc., Annual General Meeting, May 30, 2025. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Co-Founder, CEO & Representative Director Eiko Hashiba was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Jan 15
Third quarter 2025 earnings released: EPS: JP¥24.17 (vs JP¥18.89 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥24.17 (up from JP¥18.89 loss in 3Q 2024). Revenue: JP¥2.37b (up 2.5% from 3Q 2024). Net income: JP¥223.3m (up JP¥397.1m from 3Q 2024). Profit margin: 9.4% (up from net loss in 3Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 18
Second quarter 2025 earnings released: EPS: JP¥12.37 (vs JP¥1.83 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥12.37 (up from JP¥1.83 loss in 2Q 2024). Revenue: JP¥2.42b (up 11% from 2Q 2024). Net income: JP¥114.2m (up JP¥131.0m from 2Q 2024). Profit margin: 4.7% (up from net loss in 2Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 16
First quarter 2025 earnings released: EPS: JP¥6.51 (vs JP¥19.56 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥6.51 (up from JP¥19.56 loss in 1Q 2024). Revenue: JP¥2.52b (up 18% from 1Q 2024). Net income: JP¥60.0m (up JP¥239.2m from 1Q 2024). Profit margin: 2.4% (up from net loss in 1Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Ankündigung • Jun 15
VisasQ Inc. to Report Q1, 2025 Results on Jul 12, 2024 VisasQ Inc. announced that they will report Q1, 2025 results on Jul 12, 2024 Reported Earnings • Jun 06
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: JP¥1,375 loss per share (further deteriorated from JP¥21.02 loss in FY 2023). Revenue: JP¥8.97b (up 7.0% from FY 2023). Net loss: JP¥12.6b (loss widened JP¥12.4b from FY 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. New Risk • May 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 7.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risk Market cap is less than US$100m (JP¥10.2b market cap, or US$65.2m). Ankündigung • Apr 14
VisasQ Inc., Annual General Meeting, May 31, 2024 VisasQ Inc., Annual General Meeting, May 31, 2024. Reported Earnings • Apr 14
Full year 2024 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2024 results: JP¥1,375 loss per share (further deteriorated from JP¥21.02 loss in FY 2023). Revenue: JP¥8.97b (up 7.0% from FY 2023). Net loss: JP¥12.6b (loss widened JP¥12.4b from FY 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Ankündigung • Feb 28
VisasQ Inc. to Report Fiscal Year 2024 Results on Apr 12, 2024 VisasQ Inc. announced that they will report fiscal year 2024 results on Apr 12, 2024 New Risk • Jan 31
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 7.7% 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 (7.7% average weekly change). Minor Risk Market cap is less than US$100m (JP¥8.81b market cap, or US$59.7m). Reported Earnings • Jan 15
Third quarter 2024 earnings released: EPS: JP¥2.94 (vs JP¥15.62 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥2.94 (up from JP¥15.62 loss in 3Q 2023). Revenue: JP¥2.31b (up 7.0% from 3Q 2023). Net income: JP¥27.0m (up JP¥169.4m from 3Q 2023). Profit margin: 1.2% (up from net loss in 3Q 2023). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 39% per year, which means it is performing significantly worse than earnings. Ankündigung • Nov 29
VisasQ Inc. to Report Q3, 2024 Results on Jan 12, 2024 VisasQ Inc. announced that they will report Q3, 2024 results on Jan 12, 2024 Reported Earnings • Oct 15
Second quarter 2024 earnings released: JP¥1.83 loss per share (vs JP¥8.69 loss in 2Q 2023) Second quarter 2024 results: JP¥1.83 loss per share (improved from JP¥8.69 loss in 2Q 2023). Revenue: JP¥2.18b (flat on 2Q 2023). Net loss: JP¥16.8m (loss narrowed 79% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings. New Risk • Jul 19
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 8.0% 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 (8.0% average weekly change). Minor Risk Market cap is less than US$100m (JP¥11.1b market cap, or US$80.1m). Reported Earnings • Jul 16
First quarter 2024 earnings released: JP¥12.23 loss per share (vs JP¥7.51 loss in 1Q 2023) First quarter 2024 results: JP¥12.23 loss per share (further deteriorated from JP¥7.51 loss in 1Q 2023). Revenue: JP¥2.13b (up 8.8% from 1Q 2023). Net loss: JP¥112.0m (loss widened 64% from 1Q 2023). Reported Earnings • Jun 03
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥8.24 (up from JP¥63.14 loss in FY 2022). Revenue: JP¥8.38b (up 126% from FY 2022). Net income: JP¥75.0m (up JP¥637.6m from FY 2022). Profit margin: 0.9% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates. Reported Earnings • Apr 16
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: JP¥8.24 (up from JP¥63.14 loss in FY 2022). Revenue: JP¥8.38b (up 126% from FY 2022). Net income: JP¥75.0m (up JP¥637.6m from FY 2022). Profit margin: 0.9% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates. Reported Earnings • Jan 14
Third quarter 2023 earnings released: EPS: JP¥6.40 (vs JP¥38.54 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥6.40 (up from JP¥38.54 loss in 3Q 2022). Revenue: JP¥2.16b (up 216% from 3Q 2022). Net income: JP¥58.3m (up JP¥403.2m from 3Q 2022). Profit margin: 2.7% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.6% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Professional Services industry in Japan. Ankündigung • Jan 13
VisasQ Inc. to Report Q3, 2023 Results on Jan 13, 2023 VisasQ Inc. announced that they will report Q3, 2023 results on Jan 13, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Co-Founder, CEO & Representative Director Eiko Hashiba was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 17
Second quarter 2023 earnings released: EPS: JP¥6.06 (vs JP¥35.49 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥6.06 (up from JP¥35.49 loss in 2Q 2022). Revenue: JP¥2.18b (up 249% from 2Q 2022). Net income: JP¥55.2m (up JP¥369.2m from 2Q 2022). Profit margin: 2.5% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Professional Services industry in Japan. Reported Earnings • Jul 17
First quarter 2023 earnings released: JP¥0.11 loss per share (vs JP¥10.88 profit in 1Q 2022) First quarter 2023 results: JP¥0.11 loss per share (down from JP¥10.88 profit in 1Q 2022). Revenue: JP¥1.96b (up 249% from 1Q 2022). Net loss: JP¥1.00m (down 101% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 77%, compared to a 15% growth forecast for the industry in Japan. Reported Earnings • Jun 03
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: JP¥53.31 loss per share (down from JP¥23.28 profit in FY 2021). Revenue: JP¥3.70b (up 131% from FY 2021). Net loss: JP¥475.0m (down 336% from profit in FY 2021). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Over the next year, revenue is forecast to grow 131%, compared to a 12% growth forecast for the industry in Japan. Buying Opportunity • May 09
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 35%. The fair value is estimated to be JP¥3,355, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 131% over the last year. Meanwhile, the company became loss making. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Director Kevin Coleman was the last 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. Ankündigung • Apr 16
VisasQ Inc., Annual General Meeting, May 31, 2022 VisasQ Inc., Annual General Meeting, May 31, 2022. Reported Earnings • Apr 15
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: JP¥53.31 loss per share (down from JP¥23.28 profit in FY 2021). Revenue: JP¥3.70b (up 131% from FY 2021). Net loss: JP¥475.0m (down 336% from profit in FY 2021). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 30%. Over the next year, revenue is forecast to grow 117%, compared to a 12% growth forecast for the industry in Japan. Ankündigung • Apr 08
VisasQ Inc. to Report Fiscal Year 2022 Results on Apr 14, 2022 VisasQ Inc. announced that they will report fiscal year 2022 results on Apr 14, 2022 Reported Earnings • Jan 16
Third quarter 2022 earnings: EPS exceeds analyst expectations Third quarter 2022 results: JP¥36.09 loss per share (down from JP¥8.44 profit in 3Q 2021). Revenue: JP¥685.0m (up 43% from 3Q 2021). Net loss: JP¥323.0m (down JP¥397.0m from profit in 3Q 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 196%, compared to a 13% growth forecast for the industry in Japan. Reported Earnings • Oct 17
Second quarter 2022 earnings released: JP¥35.49 loss per share (vs JP¥8.44 profit in 2Q 2021) The company reported a mediocre second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥624.0m (up 31% from 2Q 2021). Net loss: JP¥314.0m (down JP¥388.0m from profit in 2Q 2021). Ankündigung • Aug 20
VisasQ Inc. (TSE:4490) agreed to acquire Coleman Research Group, Inc. from Hilco Trading, LLC, Cactii Investments, LLC, Kevin C. Coleman, 2 trust companies and others for approximately $100 million. VisasQ Inc. (TSE:4490) agreed to acquire Coleman Research Group, Inc. from Hilco Trading, LLC, Cactii Investments, LLC, Kevin C. Coleman, 2 trust companies and others for approximately $100 million on August 18, 2021. Under the terms of the transaction, VisasQ Inc. will acquire 18.3 million common shares and 2.2 million class A preferred stock of Coleman Research Group. The consideration will be financed from debt financing and class shares. For financial year 2020, Coleman Research reported total assets of $19.4 million, total common equity of $7.2 million, revenue of $43.8 million, EBITDA of $2.2 million and net income of $0.8 million. Kevin Coleman will be appointed to VQ Board of Directors along with 2 directors from VQ to the Coleman Board of Directors will be appointed. Upon completion, Coleman's existing shareholders remain committed to management. The transaction is resolved by the Board of VisasQ Inc. The transaction is expected to close on October 31, 2021. Jesse Sheley, Ram Narayan, Richard Sharpe, Min Wang, Joanna Thomson, Rob Fowler, Sydney Jones, Maureen O Brien, Mike Carew, Gautam Agarwal, Michael Thorpe, Nathan Mitchell and Roberto Miceli of Kirkland & Ellis LLP acted as legal advisor to VisasQ Inc. Is New 90 Day High Low • Mar 04
New 90-day low: JP¥3,545 The company is down 5.0% from its price of JP¥3,745 on 04 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 17% over the same period. Ankündigung • Mar 03
VisasQ Inc. to Report Fiscal Year 2021 Results on Apr 14, 2021 VisasQ Inc. announced that they will report fiscal year 2021 results on Apr 14, 2021 Is New 90 Day High Low • Jan 13
New 90-day high: JP¥5,000 The company is up 40% from its price of JP¥3,570 on 15 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Professional Services industry, which is up 3.0% over the same period. Ankündigung • Jan 05
VisasQ Inc. to Report Q3, 2021 Results on Jan 14, 2021 VisasQ Inc. announced that they will report Q3, 2021 results on Jan 14, 2021 Ankündigung • Sep 04
VisasQ Inc. to Report Q2, 2021 Results on Oct 15, 2020 VisasQ Inc. announced that they will report Q2, 2021 results on Oct 15, 2020 