Reported Earnings • May 20
First quarter 2026 earnings released: EPS: JP¥4.18 (vs JP¥19.52 in 1Q 2025) First quarter 2026 results: EPS: JP¥4.18 (down from JP¥19.52 in 1Q 2025). Revenue: JP¥4.31b (down 3.4% from 1Q 2025). Net income: JP¥30.0m (down 78% from 1Q 2025). Profit margin: 0.7% (down from 3.1% in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 73% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Feb 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to JP¥541. The fair value is estimated to be JP¥687, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. Annonce • Feb 13
Piala Inc., Annual General Meeting, Mar 26, 2026 Piala Inc., Annual General Meeting, Mar 26, 2026. Annonce • Dec 06
Piala Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026 Piala Inc. announced that they will report fiscal year 2025 results on Feb 13, 2026 Annonce • Nov 22
Piala Inc. (TSE:7044) agreed to acquire Onion inc. from ProtoSolution Co., Ltd. for ¥370 million. Piala Inc. (TSE:7044) agreed to acquire Onion inc. from ProtoSolution Co., Ltd. for ¥370 million on November 20, 2025. A cash consideration of ¥370 million will be paid by Piala Inc. As part of consideration, ¥370 million is paid towards common equity of Onion inc.
For the period ending March 31, 2025, Onion inc. reported total revenue of ¥1.53 billion, EBIT of ¥31 million and net income of ¥6 million. As of March 31, 2025, Onion inc. reported total assets of ¥927 million and total common equity of ¥358 million.
The expected completion of the transaction is January 5, 2026. Reported Earnings • Nov 19
Third quarter 2025 earnings released: EPS: JP¥0.56 (vs JP¥0.72 in 3Q 2024) Third quarter 2025 results: EPS: JP¥0.56 (down from JP¥0.72 in 3Q 2024). Revenue: JP¥3.70b (up 7.7% from 3Q 2024). Net income: JP¥4.00m (down 20% from 3Q 2024). Profit margin: 0.1% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annonce • Sep 02
Piala Inc. to Report Q3, 2025 Results on Nov 14, 2025 Piala Inc. announced that they will report Q3, 2025 results on Nov 14, 2025 Reported Earnings • Aug 16
Second quarter 2025 earnings released: EPS: JP¥1.26 (vs JP¥16.75 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥1.26 (up from JP¥16.75 loss in 2Q 2024). Revenue: JP¥3.88b (up 30% from 2Q 2024). Net income: JP¥9.00m (up JP¥125.0m from 2Q 2024). Profit margin: 0.2% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥533, the stock trades at a trailing P/E ratio of 40.6x. Average trailing P/E is 16x in the Media industry in Japan. Total loss to shareholders of 24% over the past three years. Annonce • Jun 04
Piala Inc. to Report Q2, 2025 Results on Aug 14, 2025 Piala Inc. announced that they will report Q2, 2025 results on Aug 14, 2025 Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 44% After last week's 44% share price gain to JP¥562, the stock trades at a trailing P/E ratio of 42.9x. Average trailing P/E is 17x in the Media industry in Japan. Total loss to shareholders of 34% over the past three years. Reported Earnings • May 21
First quarter 2025 earnings released: EPS: JP¥19.52 (vs JP¥9.96 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥19.52 (up from JP¥9.96 loss in 1Q 2024). Revenue: JP¥4.46b (up 51% from 1Q 2024). Net income: JP¥139.0m (up JP¥208.0m from 1Q 2024). Profit margin: 3.1% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. New Risk • Apr 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.39b (US$9.53m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 63% per year over the past 5 years. Market cap is less than US$10m (JP¥1.39b market cap, or US$9.53m). Minor Risk Share price has been volatile over the past 3 months (6.1% average weekly change). Annonce • Mar 27
Piala Inc. to Report Q1, 2025 Results on May 15, 2025 Piala Inc. announced that they will report Q1, 2025 results on May 15, 2025 Reported Earnings • Feb 15
Full year 2024 earnings released: JP¥15.87 loss per share (vs JP¥142 loss in FY 2023) Full year 2024 results: JP¥15.87 loss per share (improved from JP¥142 loss in FY 2023). Revenue: JP¥13.5b (up 49% from FY 2023). Net loss: JP¥110.0m (loss narrowed 89% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Annonce • Feb 13
Piala Inc., Annual General Meeting, Mar 26, 2025 Piala Inc., Annual General Meeting, Mar 26, 2025. Annonce • Feb 05
Piala Inc. announced that it has received ¥29.9976 million in funding from Geniee, Inc. On February 3, 2025, Piala Inc. closed the transaction. Annonce • Jan 03
Piala Inc. to Report Fiscal Year 2024 Results on Feb 13, 2025 Piala Inc. announced that they will report fiscal year 2024 results on Feb 13, 2025 New Risk • Dec 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.57b (US$9.99m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 69% per year over the past 5 years. Market cap is less than US$10m (JP¥1.57b market cap, or US$9.99m). Minor Risk Share price has been volatile over the past 3 months (5.6% average weekly change). Annonce • Aug 28
Piala Inc. to Report Q3, 2024 Results on Nov 14, 2024 Piala Inc. announced that they will report Q3, 2024 results on Nov 14, 2024 New Risk • Aug 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 8.1% 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: Major Risk Earnings have declined by 75% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (JP¥2.16b market cap, or US$14.9m). Reported Earnings • Aug 19
Second quarter 2024 earnings released: JP¥16.75 loss per share (vs JP¥6.94 loss in 2Q 2023) Second quarter 2024 results: JP¥16.75 loss per share (further deteriorated from JP¥6.94 loss in 2Q 2023). Revenue: JP¥2.98b (up 29% from 2Q 2023). Net loss: JP¥116.0m (loss widened 142% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. New Risk • Aug 06
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.43b (US$9.85m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 78% per year over the past 5 years. Market cap is less than US$10m (JP¥1.43b market cap, or US$9.85m). Annonce • Jun 28
Piala Inc. to Report Q2, 2024 Results on Aug 14, 2024 Piala Inc. announced that they will report Q2, 2024 results on Aug 14, 2024 Reported Earnings • May 20
First quarter 2024 earnings released: JP¥9.96 loss per share (vs JP¥5.49 loss in 1Q 2023) First quarter 2024 results: JP¥9.96 loss per share (further deteriorated from JP¥5.49 loss in 1Q 2023). Revenue: JP¥2.95b (up 13% from 1Q 2023). Net loss: JP¥69.0m (loss widened 82% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Annonce • Mar 29
Piala Inc. to Report Q1, 2024 Results on May 15, 2024 Piala Inc. announced that they will report Q1, 2024 results on May 15, 2024 Annonce • Feb 16
Piala Inc., Annual General Meeting, Mar 26, 2024 Piala Inc., Annual General Meeting, Mar 26, 2024. Reported Earnings • Feb 15
Full year 2023 earnings released: JP¥142 loss per share (vs JP¥33.50 loss in FY 2022) Full year 2023 results: JP¥142 loss per share (further deteriorated from JP¥33.50 loss in FY 2022). Revenue: JP¥9.06b (down 23% from FY 2022). Net loss: JP¥982.0m (loss widened 323% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. 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 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). Earnings have declined by 70% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥2.60b market cap, or US$17.6m). Annonce • Dec 27
Piala Inc. to Report Fiscal Year 2023 Results on Feb 13, 2024 Piala Inc. announced that they will report fiscal year 2023 results on Feb 13, 2024 Reported Earnings • Nov 19
Third quarter 2023 earnings released: JP¥68.87 loss per share (vs JP¥5.35 loss in 3Q 2022) Third quarter 2023 results: JP¥68.87 loss per share (further deteriorated from JP¥5.35 loss in 3Q 2022). Revenue: JP¥2.14b (down 28% from 3Q 2022). Net loss: JP¥477.0m (loss widened JP¥440.0m from 3Q 2022). 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. New Risk • Nov 15
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 7.6% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (7.6% average weekly change). Earnings have declined by 67% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥2.28b market cap, or US$15.2m). Annonce • Sep 23
Piala Inc. to Report Q3, 2023 Results on Nov 14, 2023 Piala Inc. announced that they will report Q3, 2023 results on Nov 14, 2023 Reported Earnings • Aug 16
Second quarter 2023 earnings released: JP¥6.94 loss per share (vs JP¥0.29 profit in 2Q 2022) Second quarter 2023 results: JP¥6.94 loss per share (down from JP¥0.29 profit in 2Q 2022). Revenue: JP¥2.31b (down 28% from 2Q 2022). Net loss: JP¥48.0m (down JP¥50.0m from profit in 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Annonce • May 28
Piala Inc. to Report Q2, 2023 Results on Aug 14, 2023 Piala Inc. announced that they will report Q2, 2023 results on Aug 14, 2023 Reported Earnings • Apr 01
Full year 2022 earnings released: JP¥33.50 loss per share (vs JP¥36.54 loss in FY 2021) Full year 2022 results: JP¥33.50 loss per share (improved from JP¥36.54 loss in FY 2021). Revenue: JP¥11.8b (down 7.0% from FY 2021). Net loss: JP¥232.0m (loss narrowed 10% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 16
Full year 2022 earnings released: JP¥33.50 loss per share (vs JP¥36.54 loss in FY 2021) Full year 2022 results: JP¥33.50 loss per share (improved from JP¥36.54 loss in FY 2021). Revenue: JP¥11.8b (down 7.0% from FY 2021). Net loss: JP¥232.0m (loss narrowed 10% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Annonce • Dec 30
Piala Inc. to Report Fiscal Year 2022 Results on Feb 14, 2023 Piala Inc. announced that they will report fiscal year 2022 results on Feb 14, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 30 March 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.7%). Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Toshikatsu Saito was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Sep 01
Piala Inc. to Report Q3, 2022 Results on Nov 15, 2022 Piala Inc. announced that they will report Q3, 2022 results on Nov 15, 2022 Reported Earnings • Aug 17
Second quarter 2022 earnings released: EPS: JP¥0.29 (vs JP¥9.70 loss in 2Q 2021) Second quarter 2022 results: EPS: JP¥0.29 (up from JP¥9.70 loss in 2Q 2021). Revenue: JP¥3.19b (down 9.6% from 2Q 2021). Net income: JP¥2.00m (up JP¥71.0m from 2Q 2021). Profit margin: 0.1% (up from net loss in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. Annonce • Jul 22
Piala Inc. (TSE:7044) agreed to acquire Office casual closet business of Hapilabo Co., Ltd. Piala Inc. (TSE:7044) agreed to acquire Office casual closet business of Hapilabo Co., Ltd on July 20, 2022. Transaction is expected to close on August 1, 2022. Annonce • Jun 09
Piala Inc. to Report Q2, 2022 Results on Aug 15, 2022 Piala Inc. announced that they will report Q2, 2022 results on Aug 15, 2022 Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Director Toshikatsu Saito was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annonce • Apr 08
Piala Inc. to Report Q1, 2022 Results on May 13, 2022 Piala Inc. announced that they will report Q1, 2022 results on May 13, 2022 Reported Earnings • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: JP¥36.54 loss per share (down from JP¥46.99 profit in FY 2020). Revenue: JP¥12.7b (down 13% from FY 2020). Net loss: JP¥259.0m (down 178% from profit in FY 2020). Revenue was in line with analyst estimates. 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 33% per year, which means it has not declined as severely as earnings. Annonce • Feb 16
Piala Inc., Annual General Meeting, Mar 29, 2022 Piala Inc., Annual General Meeting, Mar 29, 2022. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.9%). Reported Earnings • Nov 15
Third quarter 2021 earnings released: JP¥16.45 loss per share (vs JP¥11.82 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥3.01b (down 13% from 3Q 2020). Net loss: JP¥117.0m (down 239% from profit in 3Q 2020). Valuation Update With 7 Day Price Move • Aug 16
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥776, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 18x in the Media industry in Japan. Total loss to shareholders of 53% over the past year. Annonce • Aug 14
Piala Inc. (TSE:7044) announces an Equity Buyback for 250,000 shares, representing 3.51% for ¥300 million. Piala Inc. (TSE:7044) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 3.51% of its issued share capital for ¥300 million. The purpose of the program is enhancing shareholder returns and improving capital efficiency. The program is valid till February 28, 2022. As of June 30, 2021, the company had 7,115,600 shares issued (excluding treasury stock) and 400 shares in treasury. Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorated over the past week After last week's 29% share price decline to JP¥1,130, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 24x in the Media industry in Japan. Total loss to shareholders of 22% over the past year. Reported Earnings • Apr 03
Full year 2020 earnings released: EPS JP¥46.99 (vs JP¥43.86 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: JP¥14.6b (up 7.5% from FY 2019). Net income: JP¥334.0m (up 7.4% from FY 2019). Profit margin: 2.3% (in line with FY 2019). Annonce • Feb 16
Piala Inc., Annual General Meeting, Mar 26, 2021 Piala Inc., Annual General Meeting, Mar 26, 2021. Is New 90 Day High Low • Feb 15
New 90-day low: JP¥1,905 The company is down 12% from its price of JP¥2,161 on 17 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 14% over the same period. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥46.99 (vs JP¥43.86 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: JP¥14.6b (up 7.5% from FY 2019). Net income: JP¥334.0m (up 7.4% from FY 2019). Profit margin: 2.3% (in line with FY 2019). Is New 90 Day High Low • Jan 29
New 90-day low: JP¥1,945 The company is down 17% from its price of JP¥2,348 on 30 October 2020. The Japanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 11% over the same period. Is New 90 Day High Low • Jan 07
New 90-day low: JP¥2,095 The company is down 23% from its price of JP¥2,725 on 09 October 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥2,133 The company is down 14% from its price of JP¥2,480 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 2.0% over the same period. Annonce • Dec 19
Piala Inc. to Report Fiscal Year 2020 Results on Feb 12, 2021 Piala Inc. announced that they will report fiscal year 2020 results on Feb 12, 2021 Valuation Update With 7 Day Price Move • Dec 01
Market bids up stock over the past week After last week's 16% share price gain to JP¥2,622, the stock is trading at a trailing P/E ratio of 50.4x, up from the previous P/E ratio of 43.4x. This compares to an average P/E of 26x in the Media industry in Japan. Total returns to shareholders over the past year are 85%.