Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 29% After last week's 29% share price gain to JP¥2,028, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 20x in the Personal Products industry in Japan. Total returns to shareholders of 10% over the past three years. New Risk • Aug 10
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 8.7% 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 (8.7% average weekly change). Market cap is less than US$100m (JP¥7.01b market cap, or US$44.2m). Reported Earnings • Aug 09
Third quarter 2026 earnings released: EPS: JP¥71.88 (vs JP¥0.56 loss in 3Q 2025) Third quarter 2026 results: EPS: JP¥71.88 (up from JP¥0.56 loss in 3Q 2025). Revenue: JP¥906.0m (up 88% from 3Q 2025). Net income: JP¥256.0m (up JP¥258.0m from 3Q 2025). Profit margin: 28% (up from net loss in 3Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Ankündigung • Jul 01
Waqoo Inc. to Report Q3, 2026 Results on Aug 07, 2026 Waqoo Inc. announced that they will report Q3, 2026 results on Aug 07, 2026 Reported Earnings • May 19
Second quarter 2026 earnings released: EPS: JP¥46.95 (vs JP¥3.32 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥46.95 (up from JP¥3.32 loss in 2Q 2025). Revenue: JP¥726.0m (up 70% from 2Q 2025). Net income: JP¥166.0m (up JP¥178.0m from 2Q 2025). Profit margin: 23% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Reported Earnings • Feb 14
First quarter 2026 earnings released: JP¥8.50 loss per share (vs JP¥12.99 loss in 1Q 2025) First quarter 2026 results: JP¥8.50 loss per share (improved from JP¥12.99 loss in 1Q 2025). Revenue: JP¥407.0m (flat on 1Q 2025). Net loss: JP¥30.0m (loss narrowed 36% from 1Q 2025). Ankündigung • Dec 27
Waqoo Inc. to Report Q1, 2026 Results on Feb 12, 2026 Waqoo Inc. announced that they will report Q1, 2026 results on Feb 12, 2026 Reported Earnings • Nov 17
Full year 2025 earnings released: EPS: JP¥12.30 (vs JP¥4.91 loss in FY 2024) Full year 2025 results: EPS: JP¥12.30 (up from JP¥4.91 loss in FY 2024). Revenue: JP¥1.96b (flat on FY 2024). Net income: JP¥44.0m (up JP¥61.0m from FY 2024). Profit margin: 2.2% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Ankündigung • Nov 14
Waqoo Inc., Annual General Meeting, Dec 23, 2025 Waqoo Inc., Annual General Meeting, Dec 23, 2025. Ankündigung • Sep 27
Waqoo Inc. to Report Fiscal Year 2025 Results on Nov 13, 2025 Waqoo Inc. announced that they will report fiscal year 2025 results on Nov 13, 2025 Reported Earnings • Aug 15
Third quarter 2025 earnings released Third quarter 2025 results: JP¥0.56 loss per share. Revenue: JP¥482.0m (down 1.6% from 3Q 2024). Net loss: JP¥2.00m (flat on 3Q 2024). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Ankündigung • Jun 27
Waqoo Inc. to Report Q3, 2025 Results on Aug 13, 2025 Waqoo Inc. announced that they will report Q3, 2025 results on Aug 13, 2025 Reported Earnings • May 20
Second quarter 2025 earnings released Second quarter 2025 results: JP¥3.32 loss per share. Revenue: JP¥427.0m (down 13% from 2Q 2024). Net loss: JP¥12.0m (flat on 2Q 2024). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥830, the stock trades at a trailing P/E ratio of 65.3x. Average trailing P/E is 26x in the Personal Products industry in Japan. Total returns to shareholders of 4.7% over the past three years. Ankündigung • Apr 03
Waqoo Inc. to Report Q2, 2025 Results on May 14, 2025 Waqoo Inc. announced that they will report Q2, 2025 results on May 14, 2025 Ankündigung • Mar 08
Waqoo Inc. (TSE:4937) announces an Equity Buyback for 100,000 shares, representing 2.76% for ¥100 million. Waqoo Inc. (TSE:4937) announces a share repurchase program. Under the program, the company will repurchase 100,000 shares, representing 2.76% of the outstanding shares for ¥100 million. The purpose of the program is to improve capital efficiency and implement a flexible capital policy. The program will run until September 30, 2025. As of February 28, 2025, the company had 3,618,905 shares issued including 23 shares in treasury. Reported Earnings • Feb 15
First quarter 2025 earnings released: JP¥12.99 loss per share (vs JP¥36.54 loss in 1Q 2024) First quarter 2025 results: JP¥12.99 loss per share (improved from JP¥36.54 loss in 1Q 2024). Revenue: JP¥407.0m (down 8.5% from 1Q 2024). Net loss: JP¥47.0m (loss narrowed 57% from 1Q 2024). Ankündigung • Jan 03
Waqoo Inc. to Report Q1, 2025 Results on Feb 13, 2025 Waqoo Inc. announced that they will report Q1, 2025 results on Feb 13, 2025 Ankündigung • Nov 13
Waqoo Inc., Annual General Meeting, Dec 20, 2024 Waqoo Inc., Annual General Meeting, Dec 20, 2024. Ankündigung • Oct 06
Waqoo Inc. to Report Fiscal Year 2024 Results on Nov 13, 2024 Waqoo Inc. announced that they will report fiscal year 2024 results on Nov 13, 2024 New Risk • Sep 17
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 11% 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 Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Revenue has declined by 7.6% over the past year. Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (JP¥5.11b market cap, or US$36.3m). Reported Earnings • Aug 19
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: JP¥490.0m (up 21% from 3Q 2023). Net income: JP¥0 (up JP¥34.0m from 3Q 2023). Profit margin: 0% (up from net loss in 3Q 2023). New Risk • Aug 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 7.7% 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 Risks Share price has been highly volatile over the past 3 months (7.7% average weekly change). Revenue has declined by 21% over the past year. Minor Risks Less than 3 years of financial data is available. Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (JP¥4.94b market cap, or US$34.7m). Ankündigung • Jun 28
Waqoo Inc. to Report Q3, 2024 Results on Aug 13, 2024 Waqoo Inc. announced that they will report Q3, 2024 results on Aug 13, 2024 Reported Earnings • May 20
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: JP¥489.0m (up 21% from 2Q 2023). Net income: JP¥0 (up JP¥34.0m from 2Q 2023). Profit margin: 0% (up from net loss in 2Q 2023). Buy Or Sell Opportunity • May 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.8% to JP¥1,752. The fair value is estimated to be JP¥2,210, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 32% over the last year. Earnings per share has declined by 318%. Buy Or Sell Opportunity • Apr 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to JP¥1,746. The fair value is estimated to be JP¥2,207, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 32% over the last year. Earnings per share has declined by 318%. Ankündigung • Apr 10
Waqoo Inc. to Report Q2, 2024 Results on May 14, 2024 Waqoo Inc. announced that they will report Q2, 2024 results on May 14, 2024 Buy Or Sell Opportunity • Apr 02
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 24% to JP¥1,751. The fair value is estimated to be JP¥2,190, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 32% over the last year. Earnings per share has declined by 318%. Buy Or Sell Opportunity • Mar 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to JP¥1,734. The fair value is estimated to be JP¥2,182, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 32% over the last year. Earnings per share has declined by 318%. Reported Earnings • Feb 15
First quarter 2024 earnings released First quarter 2024 results: JP¥36.54 loss per share. Net loss: JP¥110.0m (flat on 1Q 2023). Ankündigung • Jan 09
Waqoo Inc. to Report Q1, 2024 Results on Feb 13, 2024 Waqoo Inc. announced that they will report Q1, 2024 results on Feb 13, 2024 Ankündigung • Nov 17
Waqoo Inc., Annual General Meeting, Dec 21, 2023 Waqoo Inc., Annual General Meeting, Dec 21, 2023. Ankündigung • Oct 05
Waqoo Inc. to Report Fiscal Year 2023 Results on Nov 10, 2023 Waqoo Inc. announced that they will report fiscal year 2023 results on Nov 10, 2023 Ankündigung • Dec 29
Waqoo Inc. to Report Q1, 2023 Results on Feb 13, 2023 Waqoo Inc. announced that they will report Q1, 2023 results on Feb 13, 2023 Reported Earnings • Nov 22
Full year 2022 earnings released: JP¥20.32 loss per share (vs JP¥41.57 profit in FY 2021) Full year 2022 results: JP¥20.32 loss per share (down from JP¥41.57 profit in FY 2021). Revenue: JP¥2.73b (down 42% from FY 2021). Net loss: JP¥61.0m (down 153% from profit in FY 2021). Ankündigung • Nov 20
Waqoo Inc., Annual General Meeting, Dec 23, 2022 Waqoo Inc., Annual General Meeting, Dec 23, 2022. Agenda: General meeting of shareholders. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Ankündigung • Oct 06
Waqoo Inc. to Report Fiscal Year 2022 Results on Nov 11, 2022 Waqoo Inc. announced that they will report fiscal year 2022 results on Nov 11, 2022 Reported Earnings • Aug 12
Third quarter 2022 earnings released: EPS: JP¥4.00 (vs JP¥7.04 in 3Q 2021) Third quarter 2022 results: EPS: JP¥4.00 (down from JP¥7.04 in 3Q 2021). Revenue: JP¥630.0m (down 41% from 3Q 2021). Net income: JP¥12.0m (down 43% from 3Q 2021). Profit margin: 1.9% (down from 2.0% in 3Q 2021). The decrease in margin was driven by lower revenue. Ankündigung • Jul 09
Waqoo Inc. to Report Q3, 2022 Results on Aug 10, 2022 Waqoo Inc. announced that they will report Q3, 2022 results on Aug 10, 2022 Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improved over the past week After last week's 31% share price gain to JP¥883, the stock trades at a trailing P/E ratio of 57.6x. Average trailing P/E is 20x in the Personal Products industry in Japan. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥610, the stock trades at a trailing P/E ratio of 39.8x. Average trailing P/E is 21x in the Personal Products industry in Japan. Reported Earnings • May 17
Second quarter 2022 earnings released Second quarter 2022 results: EPS: JP¥5.00. Revenue: JP¥611.0m (flat on 2Q 2021). Net income: JP¥15.0m (up JP¥15.0m from 2Q 2021). Profit margin: 2.5% (up from null in 2Q 2021). Valuation Update With 7 Day Price Move • Apr 29
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥783, the stock trades at a trailing P/E ratio of 50x. Average trailing P/E is 21x in the Personal Products industry in Japan. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥565, the stock trades at a trailing P/E ratio of 36.1x. Average trailing P/E is 22x in the Personal Products industry in Japan. Ankündigung • Feb 27
Waqoo Inc. to Report Q2, 2022 Results on May 13, 2022 Waqoo Inc. announced that they will report Q2, 2022 results on May 13, 2022 Reported Earnings • Feb 16
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: JP¥17.66 loss per share. Revenue: JP¥807.0m (flat on 1Q 2021). Net loss: JP¥53.0m (flat on 1Q 2021). Revenue was in line with analyst estimates. Reported Earnings • Dec 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥41.57 (up from JP¥36.21 in FY 2020). Revenue: JP¥4.68b (up 4.0% from FY 2020). Net income: JP¥116.0m (up 18% from FY 2020). Profit margin: 2.5% (up from 2.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Nov 19
Investor sentiment deteriorated over the past week After last week's 33% share price decline to JP¥769, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 24x in the Personal Products industry in Japan. Reported Earnings • Nov 15
Full year 2021 earnings released: EPS JP¥41.57 (vs JP¥36.21 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥4.68b (up 4.0% from FY 2020). Net income: JP¥116.0m (up 18% from FY 2020). Profit margin: 2.5% (up from 2.2% in FY 2020). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥1,516, the stock trades at a trailing P/E ratio of 41.9x. Average trailing P/E is 30x in the Personal Products industry in Japan. Ankündigung • Jun 30
Waqoo Inc. has completed an IPO in the amount of ¥978.24 million. Waqoo Inc. has completed an IPO in the amount of ¥978.24 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 509,500
Price\Range: ¥1920
Discount Per Security: ¥153.6
Transaction Features: Sponsor Backed Offering 
