Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to JP¥153, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 22x in the Hospitality industry in Japan. Total loss to shareholders of 77% over the past three years. Buy Or Sell Opportunity • Apr 29
Now 22% overvalued Over the last 90 days, the stock has fallen 7.9% to JP¥164. The fair value is estimated to be JP¥134, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Meanwhile, the company has become profitable. Board Change • Apr 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. 4 experienced directors. 3 highly experienced directors. Independent Outside Director Tetsushi Ikeda was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 28
Full year 2025 earnings released: EPS: JP¥3.83 (vs JP¥11.16 loss in FY 2024) Full year 2025 results: EPS: JP¥3.83 (up from JP¥11.16 loss in FY 2024). Revenue: JP¥4.58b (up 6.4% from FY 2024). Net income: JP¥140.0m (up JP¥547.0m from FY 2024). Profit margin: 3.1% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. 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: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (JP¥7.98b market cap, or US$51.1m). New Risk • Feb 16
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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (JP¥8.20b market cap, or US$53.5m). Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥3.83 (vs JP¥11.16 loss in FY 2024) Full year 2025 results: EPS: JP¥3.83 (up from JP¥11.16 loss in FY 2024). Revenue: JP¥4.58b (up 6.4% from FY 2024). Net income: JP¥140.0m (up JP¥547.0m from FY 2024). Profit margin: 3.1% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Anuncio • Feb 13
VELTRA Corporation, Annual General Meeting, Mar 24, 2026 VELTRA Corporation, Annual General Meeting, Mar 24, 2026. Anuncio • Dec 27
VELTRA Corporation to Report Fiscal Year 2025 Results on Feb 13, 2026 VELTRA Corporation announced that they will report fiscal year 2025 results on Feb 13, 2026 New Risk • Dec 22
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: 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¥5.89b market cap, or US$37.4m). Reported Earnings • Aug 20
First half 2025 earnings released: JP¥2.16 loss per share (vs JP¥7.45 loss in 1H 2024) First half 2025 results: JP¥2.16 loss per share (improved from JP¥7.45 loss in 1H 2024). Revenue: JP¥2.10b (up 16% from 1H 2024). Net loss: JP¥79.0m (loss narrowed 71% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. New Risk • Aug 16
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 Share price has been volatile over the past 3 months (5.1% average weekly change). Market cap is less than US$100m (JP¥10.2b market cap, or US$69.1m). Anuncio • Jul 02
VELTRA Corporation to Report Q2, 2025 Results on Aug 14, 2025 VELTRA Corporation announced that they will report Q2, 2025 results on Aug 14, 2025 Anuncio • Mar 27
VELTRA Corporation to Report Q1, 2025 Results on May 14, 2025 VELTRA Corporation announced that they will report Q1, 2025 results on May 14, 2025 New Risk • Mar 02
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. 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: Major Risk Earnings have declined by 0.6% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (JP¥9.19b market cap, or US$61.0m). New Risk • Feb 18
New major risk - Revenue and earnings growth Earnings have declined by 0.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.0% average weekly change). Earnings have declined by 0.6% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥10.0b market cap, or US$66.0m). Reported Earnings • Feb 16
Full year 2024 earnings released: JP¥11.16 loss per share (vs JP¥1.60 loss in FY 2023) Full year 2024 results: JP¥11.16 loss per share (further deteriorated from JP¥1.60 loss in FY 2023). Revenue: JP¥4.30b (up 38% from FY 2023). Net loss: JP¥407.0m (loss widened JP¥350.0m from FY 2023). Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Anuncio • Feb 14
VELTRA Corporation, Annual General Meeting, Mar 26, 2025 VELTRA Corporation, Annual General Meeting, Mar 26, 2025. Anuncio • Jan 03
VELTRA Corporation to Report Fiscal Year 2024 Results on Feb 14, 2025 VELTRA Corporation announced that they will report fiscal year 2024 results on Feb 14, 2025 New Risk • Dec 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 7.3% 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 Risks Share price has been highly volatile over the past 3 months (7.3% average weekly change). Earnings have declined by 0.6% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Market cap is less than US$100m (JP¥10.2b market cap, or US$64.7m). Anuncio • Oct 04
VELTRA Corporation to Report Q3, 2024 Results on Nov 14, 2024 VELTRA Corporation announced that they will report Q3, 2024 results on Nov 14, 2024 Buy Or Sell Opportunity • May 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 12% to JP¥407. The fair value is estimated to be JP¥510, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 82% over the last 3 years. Meanwhile, the company has become profitable. Anuncio • Apr 11
VELTRA Corporation to Report Q2, 2024 Results on Aug 14, 2024 VELTRA Corporation announced that they will report Q2, 2024 results on Aug 14, 2024 Anuncio • Apr 03
VELTRA Corporation to Report Q1, 2024 Results on May 14, 2024 VELTRA Corporation announced that they will report Q1, 2024 results on May 14, 2024 Anuncio • Feb 16
VELTRA Corporation, Annual General Meeting, Mar 27, 2024 VELTRA Corporation, Annual General Meeting, Mar 27, 2024. New Risk • Feb 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 26% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Anuncio • Feb 06
VELTRA Corporation announced that it has received ¥499.99968 million in funding from JTB Corp. on February 5, 2024, VELTRA Corporation closed the transaction. Anuncio • Jan 18
VELTRA Corporation announced that it expects to receive ¥499.99968 million in funding from JTB Corp. VELTRA Corporation announced that entered into a capital and business alliance agreement with new investor JTB Corporation to issue 899,280 shares at an issue price of ¥556 per share for the gross proceeds of ¥499,999,680 on January 17, 2024. The transaction has been approved by the shareholders of the company and is expected to close on February 5, 2024. The company has disclosed the issue expenses of ¥10,000,000 and the net proceeds of ¥489,999,680 Anuncio • Dec 13
VELTRA Corporation to Report Fiscal Year 2023 Results on Feb 14, 2024 VELTRA Corporation announced that they will report fiscal year 2023 results on Feb 14, 2024 Reported Earnings • Nov 20
Third quarter 2023 earnings released: EPS: JP¥2.31 (vs JP¥4.69 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥2.31 (up from JP¥4.69 loss in 3Q 2022). Revenue: JP¥1.07b (up 158% from 3Q 2022). Net income: JP¥82.0m (up JP¥247.0m from 3Q 2022). Profit margin: 7.7% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Anuncio • Aug 27
VELTRA Corporation to Report Q3, 2023 Results on Nov 14, 2023 VELTRA Corporation announced that they will report Q3, 2023 results on Nov 14, 2023 Reported Earnings • Aug 16
Second quarter 2023 earnings released: JP¥4.27 loss per share (vs JP¥6.84 loss in 2Q 2022) Second quarter 2023 results: JP¥4.27 loss per share (improved from JP¥6.84 loss in 2Q 2022). Revenue: JP¥614.0m (up 184% from 2Q 2022). Net loss: JP¥152.0m (loss narrowed 35% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 18
First quarter 2023 earnings released: JP¥2.87 loss per share (vs JP¥6.82 loss in 1Q 2022) First quarter 2023 results: JP¥2.87 loss per share (improved from JP¥6.82 loss in 1Q 2022). Revenue: JP¥543.0m (up 291% from 1Q 2022). Net loss: JP¥102.0m (loss narrowed 56% from 1Q 2022). Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Board Change • Apr 14
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Rod Cuthbert was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 31
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: JP¥22.91 loss per share (improved from JP¥35.11 loss in FY 2021). Revenue: JP¥1.16b (up 136% from FY 2021). Net loss: JP¥794.0m (loss narrowed 31% from FY 2021). Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) also missed analyst estimates by 12%. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Anuncio • Dec 06
VELTRA Corporation to Report Fiscal Year 2022 Results on Feb 14, 2023 VELTRA Corporation announced that they will report fiscal year 2022 results on Feb 14, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: JP¥4.69 loss per share (vs JP¥7.11 loss in 3Q 2021) Third quarter 2022 results: JP¥4.69 loss per share (improved from JP¥7.11 loss in 3Q 2021). Revenue: JP¥416.0m (up 138% from 3Q 2021). Net loss: JP¥165.0m (loss narrowed 30% from 3Q 2021). Revenue is forecast to grow 60% p.a. on average during the next 2 years, compared to a 9.5% growth forecast for the Online Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 13
Third quarter 2022 earnings released: JP¥4.69 loss per share (vs JP¥7.11 loss in 3Q 2021) Third quarter 2022 results: JP¥4.69 loss per share (improved from JP¥7.11 loss in 3Q 2021). Revenue: JP¥416.0m (up 138% from 3Q 2021). Net loss: JP¥165.0m (loss narrowed 30% from 3Q 2021). Revenue is forecast to grow 52% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Online Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 24% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 12
Second quarter 2022 earnings released: JP¥6.84 loss per share (vs JP¥7.53 loss in 2Q 2021) Second quarter 2022 results: JP¥6.84 loss per share (up from JP¥7.53 loss in 2Q 2021). Revenue: JP¥216.0m (up 67% from 2Q 2021). Net loss: JP¥235.0m (loss narrowed 5.6% from 2Q 2021). Over the next year, revenue is forecast to grow 95%, compared to a 13% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 41 percentage points per year, which is a significant difference in performance. Buying Opportunity • Aug 05
Now 20% undervalued Over the last 90 days, the stock is up 12%. The fair value is estimated to be JP¥597, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 265% over the last year. Meanwhile, the company became loss making. Revenue is forecast to grow by 75% in a year. Earnings is forecast to grow by 40% in the next year. Buying Opportunity • May 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 3.3%. The fair value is estimated to be JP¥563, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 45% over the last year. Meanwhile, the company became loss making. Revenue is forecast to grow by 211% in 2 years. Earnings is forecast to grow by 80% in the next 2 years. Anuncio • Feb 17
VELTRA Corporation, Annual General Meeting, Mar 25, 2022 VELTRA Corporation, Annual General Meeting, Mar 25, 2022. Reported Earnings • Nov 13
Third quarter 2021 earnings released: JP¥7.11 loss per share (vs JP¥13.25 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: JP¥175.0m (up 272% from 3Q 2020). Net loss: JP¥235.0m (loss narrowed 39% from 3Q 2020). Reported Earnings • May 15
First quarter 2021 earnings released: JP¥12.29 loss per share (vs JP¥7.15 loss in 1Q 2020) First quarter 2021 results: Net loss: JP¥400.0m (loss widened 94% from 1Q 2020). Reported Earnings • Mar 30
Full year 2020 earnings released: JP¥53.57 loss per share (vs JP¥18.24 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: JP¥890.0m (down 80% from FY 2019). Net loss: JP¥1.55b (down 397% from profit in FY 2019). Is New 90 Day High Low • Feb 24
New 90-day high: JP¥652 The company is up 50% from its price of JP¥434 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 14% over the same period. Anuncio • Feb 16
VELTRA Corporation, Annual General Meeting, Mar 24, 2021 VELTRA Corporation, Annual General Meeting, Mar 24, 2021. Reported Earnings • Feb 14
Full year 2020 earnings released: JP¥53.57 loss per share (vs JP¥18.24 profit in FY 2019) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2020 results: Revenue: JP¥890.0m (down 80% from FY 2019). Net loss: JP¥1.55b (down 397% from profit in FY 2019). Analyst Estimate Surprise Post Earnings • Feb 14
Revenue behind estimates Revenue missed analyst estimates by 16%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 130%, compared to a 19% growth forecast for the Online Retail industry in Japan. Is New 90 Day High Low • Feb 02
New 90-day high: JP¥535 The company is up 21% from its price of JP¥442 on 04 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 8.0% over the same period. Anuncio • Jan 13
VELTRA Corporation announced that it has received ¥1.5088 billion in funding from OpenDoor Inc. On January 12, 2021, VELTRA Corporation (TSE:7048) closed the transaction. Anuncio • Dec 30
VELTRA Corporation to Report Fiscal Year 2020 Results on Feb 12, 2021 VELTRA Corporation announced that they will report fiscal year 2020 results on Feb 12, 2021 Is New 90 Day High Low • Dec 21
New 90-day low: JP¥413 The company is down 31% from its price of JP¥596 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is down 6.0% over the same period. Anuncio • Oct 10
VELTRA Corporation to Report Q3, 2020 Results on Nov 12, 2020 VELTRA Corporation announced that they will report Q3, 2020 results on Nov 12, 2020 Anuncio • Aug 15
VELTRA Corporation to Report Q2, 2020 Results on Aug 13, 2020 VELTRA Corporation announced that they will report Q2, 2020 results on Aug 13, 2020