Annonce • Aug 09
Goodspeed Co., Ltd. to Delist from Growth Section of TSX, Effective August 23, 2024 Goodspeed Co., Ltd. will be delisted from Growth Section of Tokyo Stock Exchange effective from August 23, 2024, due to Acquisition by a demand for share, etc. cash-out. New Risk • Aug 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 47% 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 Risk Negative equity (-JP¥2.4b). Minor Risks Shareholders have been diluted in the past year (47% increase in shares outstanding). Market cap is less than US$100m (JP¥4.69b market cap, or US$32.0m). Annonce • Aug 01
An undisclosed buyer acquired 29.22% stake in Goodspeed Co., Ltd. (TSE:7676) from Nippon Active Value Fund plc (LSE:NAVF) and International Fund Management Limited. An undisclosed buyer acquired 29.22% stake in Goodspeed Co., Ltd. (TSE:7676) from Nippon Active Value Fund plc (LSE:NAVF) and International Fund Management Limited on July 31, 2024.
An undisclosed buyer completed the acquisition of 29.22% stake in Goodspeed Co., Ltd. (TSE:7676) from Nippon Active Value Fund plc (LSE:NAVF) and International Fund Management Limited on July 31, 2024. Annonce • Jul 26
Usami Koyu Corp. completed the acquisition of an additional 43.8% stake in Goodspeed Co., Ltd. (TSE:7676) for ¥1.4 billion. Usami Koyu Corp. proposed to acquire an additional 52.3% stake in Goodspeed Co., Ltd. (TSE:7676) for ¥1.7 billion on June 25, 2024. A cash consideration valued at ¥850 per share will be paid by Usami Koyu Corp. As part of consideration, an undisclosed value is paid towards common equity of Goodspeed Co., Ltd. Upon completion, Usami Koyu Corp. will own 62.65% stake in Goodspeed Co., Ltd.
Usami Koyu Corp. completed the acquisition of an additional 43.8% stake in Goodspeed Co., Ltd. (TSE:7676) for ¥1.4 billion on July 24, 2024. Annonce • Jun 30
Goodspeed Co.,Ltd. to Report Q3, 2024 Results on Aug 14, 2024 Goodspeed Co.,Ltd. announced that they will report Q3, 2024 results on Aug 14, 2024 New Risk • Jun 27
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 5.4% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥3.4b free cash flow). Negative equity (-JP¥2.4b). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (JP¥3.29b market cap, or US$20.5m). Reported Earnings • May 17
Second quarter 2024 earnings released: JP¥267 loss per share (vs JP¥56.37 loss in 2Q 2023) Second quarter 2024 results: JP¥267 loss per share (further deteriorated from JP¥56.37 loss in 2Q 2023). Revenue: JP¥16.3b (up 6.0% from 2Q 2023). Net loss: JP¥1.01b (loss widened 375% from 2Q 2023). Annonce • Apr 27
Goodspeed Co.,Ltd. to Report Q2, 2024 Results on May 15, 2024 Goodspeed Co.,Ltd. announced that they will report Q2, 2024 results on May 15, 2024 New Risk • Mar 31
New major risk - Negative shareholders equity The company has negative equity. Total equity: -JP¥647m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risk Negative equity (-JP¥647m). Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Market cap is less than US$100m (JP¥3.39b market cap, or US$22.4m). New Risk • Mar 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.8% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (JP¥3.14b market cap, or US$21.0m). Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥808, the stock trades at a trailing P/E ratio of 15.1x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total loss to shareholders of 49% over the past three years. Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥763, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total loss to shareholders of 36% over the past three years. Annonce • Dec 24
Goodspeed Co.,Ltd., Annual General Meeting, Dec 28, 2023 Goodspeed Co.,Ltd., Annual General Meeting, Dec 28, 2023. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥861, the stock trades at a trailing P/E ratio of 16x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total loss to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥710, the stock trades at a trailing P/E ratio of 13.2x. Average trailing P/E is 13x in the Specialty Retail industry in Japan. Total loss to shareholders of 47% over the past three years. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to JP¥717, the stock trades at a forward P/E ratio of 3x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total loss to shareholders of 50% over the past three years. Annonce • Sep 28
Goodspeed Co.,Ltd. to Report Fiscal Year 2023 Results on Nov 14, 2023 Goodspeed Co.,Ltd. announced that they will report fiscal year 2023 results on Nov 14, 2023 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥10.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 26 December 2023. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥965, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 8.3% over the past three years. New Risk • Aug 23
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 8.9% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risks Less than 3 years of financial data is available. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.3% net profit margin). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (JP¥4.09b market cap, or US$28.1m). Reported Earnings • Aug 16
Third quarter 2023 earnings released: EPS: JP¥8.22 (vs JP¥19.94 in 3Q 2022) Third quarter 2023 results: EPS: JP¥8.22 (down from JP¥19.94 in 3Q 2022). Revenue: JP¥17.9b (up 27% from 3Q 2022). Net income: JP¥31.0m (down 53% from 3Q 2022). Profit margin: 0.2% (down from 0.5% in 3Q 2022). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Specialty Retail industry in Japan. Annonce • Jun 29
Goodspeed Co.,Ltd. to Report Q3, 2023 Results on Aug 14, 2023 Goodspeed Co.,Ltd. announced that they will report Q3, 2023 results on Aug 14, 2023 Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,105, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 10% over the past three years. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥1,227, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 11x in the Specialty Retail industry in Japan. Total returns to shareholders of 90% over the past three years. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to JP¥1,508, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 23% over the past three years. Board Change • Jan 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. was the last director to join the board, commencing their role in . 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 • Dec 16
Investor sentiment improved over the past week After last week's 24% share price gain to JP¥2,481, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 10x in the Specialty Retail industry in Japan. Total returns to shareholders of 74% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥2,042, the stock trades at a trailing P/E ratio of 18.8x. Average trailing P/E is 10x in the Specialty Retail industry in Japan. Total returns to shareholders of 41% over the past three years. Annonce • Dec 01
Goodspeed Co.,Ltd. to Report Q1, 2023 Results on Feb 14, 2023 Goodspeed Co.,Ltd. announced that they will report Q1, 2023 results on Feb 14, 2023 Annonce • Nov 16
Goodspeed Co.,Ltd., Annual General Meeting, Dec 23, 2022 Goodspeed Co.,Ltd., Annual General Meeting, Dec 23, 2022. Annonce • Oct 07
Goodspeed Co.,Ltd. to Report Fiscal Year 2022 Results on Nov 14, 2022 Goodspeed Co.,Ltd. announced that they will report fiscal year 2022 results on Nov 14, 2022 Valuation Update With 7 Day Price Move • Aug 30
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,995, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 11x in the Specialty Retail industry in Japan. Total returns to shareholders of 17% over the past three years. Annonce • Jun 12
Goodspeed Co.,Ltd. to Report Q3, 2022 Results on Aug 12, 2022 Goodspeed Co.,Ltd. announced that they will report Q3, 2022 results on Aug 12, 2022 Annonce • Apr 08
Goodspeed. Co., Ltd. to Report Q2, 2022 Results on May 13, 2022 Goodspeed. Co., Ltd. announced that they will report Q2, 2022 results on May 13, 2022 Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,695, the stock trades at a trailing P/E ratio of 14.3x. Average trailing P/E is 10x in the Specialty Retail industry in Japan. Negligible returns to shareholders over past year. Reported Earnings • May 16
Second quarter 2021 earnings released: EPS JP¥40.85 (vs JP¥7.18 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥11.0b (up 29% from 2Q 2020). Net income: JP¥130.0m (up 294% from 2Q 2020). Profit margin: 1.2% (up from 0.4% in 2Q 2020). Annonce • May 07
Goodspeed. Co., Ltd. announced that it has received ¥118.332 million in funding from ITO KOMUTEN Co.,Ltd On May 6, 2021, Goodspeed. Co., Ltd. (TSE:7676) closed the transaction. Annonce • Apr 16
Goodspeed. Co., Ltd. announced that it expects to receive ¥118.332 million in funding from Ito-Koumuten Co.,Ltd. Goodspeed. Co., Ltd. (TSE:7676) announced a private placement of 69,200 treasury common stock for ¥1,710 per share for gross proceeds of ¥118,332,000 on April 15, 2021. The transaction will include participation from Ito-Koumuten Co.,Ltd. which will hold 2.26% stake in the company after completion. The company will issue shares via third-party allotment and the transaction has been approved by the board of the company. The transaction is subject to entry into force of the securities registration statement based on the financial instruments and exchange act. The company will receive net proceeds of approximately ¥117,782,000. The transaction is expected to close on May 6, 2021. Annonce • Feb 20
Goodspeed. Co., Ltd. (TSE:7676) agreed to acquire Champion Co., Ltd. from Takeo Akiba for ¥850 million. Goodspeed. Co., Ltd. (TSE:7676) agreed to acquire Champion Co., Ltd. from Takeo Akiba for ¥850 million on February 19, 2021. Goodspeed plans to raise ¥850 million from MUFG Bank, Ltd to fund the transaction and plans to raise ¥500 million from MUFG Bank, Ltd pay Champion debt. As of May 31, 2020, Champion had net assets of ¥1.1 billion and total assets of ¥1.6 billion. For the period ended May 31, 2020, Champion generated revenue of ¥718 million and net profit of ¥29 million. Board of Directors of Goodspeed approved the transaction. transaction is expected to complete by march 1, 2021. Is New 90 Day High Low • Jan 12
New 90-day high: JP¥1,539 The company is up 1.0% from its price of JP¥1,523 on 14 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Specialty Retail industry, which is up 13% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥1,204 The company is down 14% from its price of JP¥1,400 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 Specialty Retail industry, which is up 12% over the same period. Annonce • Oct 10
Goodspeed. Co., Ltd. to Report Fiscal Year 2020 Results on Nov 13, 2020 Goodspeed. Co., Ltd. announced that they will report fiscal year 2020 results on Nov 13, 2020 Annonce • Jul 05
Goodspeed. Co., Ltd. to Report Q3, 2020 Results on Aug 13, 2020 Goodspeed. Co., Ltd. announced that they will report Q3, 2020 results on Aug 13, 2020 