Buy Or Sell Opportunity • Aug 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to JP¥1,431. The fair value is estimated to be JP¥1,827, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last year. Earnings per share has declined by 82%. For the next 3 years, revenue is forecast to grow by 17% per annum. Earnings are also forecast to grow by 43% per annum over the same time period. New Risk • May 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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: Minor Risks Latest financial reports are more than 6 months old (reported September 2025 fiscal period end). Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (JP¥13.7b market cap, or US$86.1m). New Risk • May 14
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 6.9% 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 (6.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.4% net profit margin). Market cap is less than US$100m (JP¥14.3b market cap, or US$90.8m). Annonce • May 13
Boutiques, Inc., Annual General Meeting, Jun 26, 2026 Boutiques, Inc., Annual General Meeting, Jun 26, 2026. Annonce • Feb 12
Boutiques, Inc. (TSE:9272) announces an Equity Buyback for 150,000 shares, representing 1.53% for ¥300 million. Boutiques, Inc. (TSE:9272) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 1.53% of its share capital, for ¥300 million. The purpose of the program is to enable the expansion of shareholder returns and the implementation of flexible capital policies in response to changes in the business environment. The program will expire on December 31, 2026. As of February 12, 2026, the company had 9,783,650 shares in issue (excluding treasury stock) and 376,750 shares in treasury. Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: JP¥18.30 (vs JP¥29.04 in 2Q 2025) Second quarter 2026 results: EPS: JP¥18.30 (down from JP¥29.04 in 2Q 2025). Revenue: JP¥1.39b (down 2.4% from 2Q 2025). Net income: JP¥179.0m (down 37% from 2Q 2025). Profit margin: 13% (down from 20% in 2Q 2025). Reported Earnings • Aug 08
First quarter 2026 earnings released: JP¥23.65 loss per share (vs JP¥21.97 loss in 1Q 2025) First quarter 2026 results: JP¥23.65 loss per share (further deteriorated from JP¥21.97 loss in 1Q 2025). Revenue: JP¥793.0m (up 48% from 1Q 2025). Net loss: JP¥231.0m (loss widened 6.9% from 1Q 2025). New Risk • Jul 09
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 5.8% 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 Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.8% net profit margin). Market cap is less than US$100m (JP¥12.6b market cap, or US$85.4m). Reported Earnings • Jul 01
Full year 2025 earnings released: EPS: JP¥25.65 (vs JP¥60.79 in FY 2024) Full year 2025 results: EPS: JP¥25.65 (down from JP¥60.79 in FY 2024). Revenue: JP¥5.17b (up 17% from FY 2024). Net income: JP¥250.0m (down 59% from FY 2024). Profit margin: 4.8% (down from 14% in FY 2024). Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥25.65 (vs JP¥60.79 in FY 2024) Full year 2025 results: EPS: JP¥25.65 (down from JP¥60.79 in FY 2024). Revenue: JP¥5.17b (up 17% from FY 2024). Net income: JP¥250.0m (down 59% from FY 2024). Profit margin: 4.8% (down from 14% in FY 2024). Annonce • May 14
Boutiques, Inc., Annual General Meeting, Jun 26, 2025 Boutiques, Inc., Annual General Meeting, Jun 26, 2025. New Risk • Apr 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 Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (JP¥11.7b market cap, or US$79.8m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,200, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 16x in the Media industry in Japan. Negligible returns to shareholders over past three years. Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥15.13 (vs JP¥63.47 in 3Q 2024) Third quarter 2025 results: EPS: JP¥15.13 (down from JP¥63.47 in 3Q 2024). Revenue: JP¥1.38b (down 22% from 3Q 2024). Net income: JP¥147.0m (down 77% from 3Q 2024). Profit margin: 11% (down from 35% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: JP¥29.04 (vs JP¥63.47 in 2Q 2024) Second quarter 2025 results: EPS: JP¥29.04 (down from JP¥63.47 in 2Q 2024). Revenue: JP¥1.43b (down 19% from 2Q 2024). Net income: JP¥282.0m (down 55% from 2Q 2024). Profit margin: 20% (down from 35% in 2Q 2024). New Risk • Oct 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.4b (US$98.1m) This is considered a minor 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: Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (JP¥14.4b market cap, or US$98.1m). Buy Or Sell Opportunity • Oct 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.8% to JP¥1,527. The fair value is estimated to be JP¥1,932, however this is not to be taken as a buy recommendation but rather should be used as a guide only. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (9.0% average weekly change). Buy Or Sell Opportunity • Sep 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 2.4% to JP¥1,542. The fair value is estimated to be JP¥1,958, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to JP¥1,218, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 16x in the Media industry in Japan. Total returns to shareholders of 44% over the past three years. Buy Or Sell Opportunity • Aug 02
Now 24% undervalued Over the last 90 days, the stock has risen 42% to JP¥1,481. The fair value is estimated to be JP¥1,954, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Annonce • May 16
Boutiques, Inc., Annual General Meeting, Jun 25, 2024 Boutiques, Inc., Annual General Meeting, Jun 25, 2024. Annonce • Mar 30
Boutiques, Inc. (TSE:9272) announces an Equity Buyback for 300,000 shares, representing 3.04% for ¥300 million. Boutiques, Inc. (TSE:9272) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 3.04% of its share capital, for ¥300 million. The purpose of the program is to enable flexible capital policy implementation in response to changes in the business environment. The program will expire on December 27, 2024. As of March 27, 2024, the company had 9,865,576 shares in issue (excluding treasury stock) and 294,824 shares in treasury. New Risk • Nov 17
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.8b (US$92.3m) This is considered a minor 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 No financial data reported. Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risk Market cap is less than US$100m (JP¥13.8b market cap, or US$92.3m). New Risk • Nov 09
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 8.8% 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 Risks No financial data reported. Share price has been highly volatile over the past 3 months (8.8% average weekly change). Annonce • Nov 09
Boutiques, Inc. (TSE:9272) announces an Equity Buyback for 250,000 shares, representing 2.48% for ¥300 million. Boutiques, Inc. (TSE:9272) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 2.48% of its share capital, for ¥300 million. The purpose of the program is to enable flexible capital policy implementation in response to changes in the business environment. The program will expire on June 24, 2024. As of November 8, 2023, the company had 10,078,476 shares in issue (excluding treasury stock) and 81,924 shares in treasury. New Risk • Oct 06
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • Aug 09
First quarter 2024 earnings released: JP¥16.42 loss per share (vs JP¥15.29 loss in 1Q 2023) First quarter 2024 results: JP¥16.42 loss per share (further deteriorated from JP¥15.29 loss in 1Q 2023). Revenue: JP¥606.0m (up 110% from 1Q 2023). Net loss: JP¥165.0m (loss widened 114% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 22
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. Independent Outside Director Tomoyuki Tanaka was the last independent 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. New Risk • Jul 14
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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥3,045, the stock trades at a trailing P/E ratio of 48.8x. Average trailing P/E is 16x in the Media industry in Japan. Total returns to shareholders of 602% over the past three years. Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥2,670, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 15x in the Media industry in Japan. Total returns to shareholders of 542% over the past three years. Reported Earnings • May 13
Full year 2023 earnings released: EPS: JP¥124 (vs JP¥69.35 in FY 2022) Full year 2023 results: EPS: JP¥124 (up from JP¥69.35 in FY 2022). Revenue: JP¥3.05b (up 46% from FY 2022). Net income: JP¥621.0m (up 78% from FY 2022). Profit margin: 20% (up from 17% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 78% per year, which means it is tracking significantly ahead of earnings growth. Annonce • May 13
Boutiques, Inc., Annual General Meeting, Jun 23, 2023 Boutiques, Inc., Annual General Meeting, Jun 23, 2023. Valuation Update With 7 Day Price Move • May 12
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥4,740, the stock trades at a trailing P/E ratio of 49.1x. Average trailing P/E is 15x in the Media industry in Japan. Total returns to shareholders of 464% over the past three years. Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: JP¥9.18 (vs JP¥13.06 in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.18 (down from JP¥13.06 in 3Q 2022). Revenue: JP¥572.0m (up 27% from 3Q 2022). Net income: JP¥46.0m (down 30% from 3Q 2022). Profit margin: 8.0% (down from 15% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Feb 15
Now 20% undervalued Over the last 90 days, the stock is up 5.3%. The fair value is estimated to be JP¥3,817, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 25%. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥3,630, the stock trades at a trailing P/E ratio of 36.2x. Average trailing P/E is 19x in the Online Retail industry in Japan. Total returns to shareholders of 121% over the past three years. Buying Opportunity • Dec 02
Now 20% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be JP¥3,962, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 25%. 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. 4 non-independent directors. Independent Outside Director Shogo Teranishi 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. Buying Opportunity • Nov 11
Now 23% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be JP¥3,874, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 25%. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: JP¥74.60 (vs JP¥20.90 in 2Q 2022) Second quarter 2023 results: EPS: JP¥74.60 (up from JP¥20.90 in 2Q 2022). Revenue: JP¥1.06b (up 106% from 2Q 2022). Net income: JP¥374.0m (up 256% from 2Q 2022). Profit margin: 35% (up from 20% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 11
First quarter 2023 earnings released: JP¥15.29 loss per share (vs JP¥8.20 profit in 1Q 2022) First quarter 2023 results: JP¥15.29 loss per share (down from JP¥8.20 profit in 1Q 2022). Revenue: JP¥288.0m (down 19% from 1Q 2022). Net loss: JP¥77.0m (down 288% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥2,447, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 17x in the Online Retail industry in Japan. Total returns to shareholders of 72% over the past three years. Buying Opportunity • May 12
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be JP¥2,730, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 38%. Annonce • May 12
Boutiques, Inc., Annual General Meeting, May 24, 2022 Boutiques, Inc., Annual General Meeting, May 24, 2022. Reported Earnings • May 11
Full year 2022 earnings released: EPS: JP¥69.35 (vs JP¥79.33 in FY 2021) Full year 2022 results: EPS: JP¥69.35. Revenue: JP¥2.09b (up 64% from FY 2021). Net income: JP¥349.0m (up 76% from FY 2021). Profit margin: 17% (up from 16% in FY 2021). The increase in margin was driven by higher revenue. Board Change • Apr 27
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. Independent Outside Director Shogo Teranishi 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. Board Change • Apr 06
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. Independent Outside Director Shogo Teranishi 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. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥1,941, the stock trades at a trailing P/E ratio of 22.4x. Average trailing P/E is 18x in the Online Retail industry in Japan. Total returns to shareholders of 10% over the past three years. Buying Opportunity • Mar 04
Now 26% undervalued after recent price drop Over the last 90 days, the stock is down 27%. The fair value is estimated to be JP¥2,835, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% per annum over the last 3 years. Earnings per share has grown by 43% per annum over the last 3 years. Annonce • Mar 03
Boutiques, Inc. (TSE:9272) announces an Equity Buyback for 200,000 shares, representing 3.96% for ¥300 million. Boutiques, Inc. (TSE:9272) announces a share repurchase program. Under the program, the company will repurchase 200,000 shares, representing 3.96% of the outstanding shares for ¥300 million. The purpose of the program is to enable the implementation of agile capital policies in response to changes in the business environment as a means of returning profits to shareholders. The program will run until December 31, 2022. As of February 28, 2022, the company had 5,053,785 shares outstanding (excluding own shares) and 26,415 shares in treasury. Buying Opportunity • Feb 15
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be JP¥2,902, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.3% per annum over the last 3 years. Earnings per share has grown by 43% per annum over the last 3 years. Reported Earnings • Feb 14
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥13.06 (down from JP¥14.81 in 3Q 2021). Revenue: JP¥449.0m (up 53% from 3Q 2021). Net income: JP¥66.0m (up 78% from 3Q 2021). Profit margin: 15% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS JP¥20.90 (vs JP¥17.28 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥516.0m (up 93% from 2Q 2021). Net income: JP¥105.0m (up 144% from 2Q 2021). Profit margin: 20% (up from 16% in 2Q 2021). The increase in margin was driven by higher revenue. 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 16% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥3,265, the stock trades at a trailing P/E ratio of 47.7x. Average trailing P/E is 19x in the Online Retail industry in Japan. Total returns to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥2,800, the stock trades at a trailing P/E ratio of 35.3x. Average trailing P/E is 19x in the Online Retail industry in Japan. Total returns to shareholders of 51% over the past three years. Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment improved over the past week After last week's 23% share price gain to JP¥2,098, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 20x in the Online Retail industry in Japan. Total returns to shareholders of 25% over the past three years. Valuation Update With 7 Day Price Move • Jul 12
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,863, the stock trades at a trailing P/E ratio of 23.5x. Average trailing P/E is 21x in the Online Retail industry in Japan. Total loss to shareholders of 13% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥1,721, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 20x in the Online Retail industry in Japan. Total loss to shareholders of 18% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment deteriorated over the past week After last week's 23% share price decline to JP¥2,997, the stock trades at a trailing P/E ratio of 37.8x. Average trailing P/E is 21x in the Online Retail industry in Japan. Total loss to shareholders of 26% over the past three years. Reported Earnings • May 14
Full year 2021 earnings released: EPS JP¥79.33 (vs JP¥52.73 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: JP¥1.28b (down 6.0% from FY 2020). Net income: JP¥198.0m (up 52% from FY 2020). Profit margin: 16% (up from 9.6% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 25
Investor sentiment improved over the past week After last week's 23% share price gain to JP¥4,195, the stock trades at a trailing P/E ratio of 60.9x. Average trailing P/E is 23x in the Online Retail industry in Japan. Total returns to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥3,780, the stock trades at a trailing P/E ratio of 54.9x. Average trailing P/E is 25x in the Online Retail industry in Japan. Total returns to shareholders of 326% over the past year. Is New 90 Day High Low • Mar 12
New 90-day high: JP¥3,210 The company is up 46% from its price of JP¥2,201 on 11 December 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 9.0% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥14.81 (vs JP¥2.01 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥294.0m (up 3.9% from 3Q 2020). Net income: JP¥37.0m (up JP¥42.0m from 3Q 2020). Profit margin: 13% (up from net loss in 3Q 2020). The move to profitability was primarily driven by lower expenses. Is New 90 Day High Low • Feb 09
New 90-day high: JP¥2,700 The company is up 46% from its price of JP¥1,844 on 11 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Online Retail industry, which is up 12% over the same period. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥2,700, the stock is trading at a trailing P/E ratio of 51.8x, up from the previous P/E ratio of 44.7x. This compares to an average P/E of 25x in the Online Retail industry in Japan. Total return to shareholders over the past year is a loss of 24%. Annonce • Sep 02
Wenzhou Yiyang Enterprise Management Partnership Enterprise signed a contract to acquire additional 25% stake in Hangzhou Fangbu Health Technology Co., Ltd. from Boutiques, Inc. (TSE:9272). Wenzhou Yiyang Enterprise Management Partnership Enterprise signed a contract to acquire additional 25% stake in Hangzhou Fangbu Health Technology Co., Ltd. from Boutiques, Inc. (TSE:9272) on August 31, 2020. Hangzhou Fangbu Health Technology reported net assets of CNY 1.9 million and total assets of CNY 1.9 million as of March 31, 2020. The execution of equity transfer is planned on September 2020.