Annonce • Feb 16
adish Co., Ltd., Annual General Meeting, Mar 31, 2026 adish Co., Ltd., Annual General Meeting, Mar 31, 2026. Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥0.37 (vs JP¥66.50 loss in FY 2024) Full year 2025 results: EPS: JP¥0.37 (up from JP¥66.50 loss in FY 2024). Revenue: JP¥3.70b (up 3.0% from FY 2024). Net income: JP¥0 (up JP¥115.0m from FY 2024). Profit margin: 0% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. New Risk • Jan 09
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 20% 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 Earnings have declined by 51% per year over the past 5 years. Market cap is less than US$10m (JP¥1.12b market cap, or US$7.08m). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Annonce • Dec 03
adish Co., Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026 adish Co., Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026 New Risk • Sep 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 5.1% 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 Risks Earnings have declined by 57% per year over the past 5 years. Market cap is less than US$10m (JP¥1.35b market cap, or US$9.19m). Minor Risk Share price has been volatile over the past 3 months (5.1% average weekly change). Reported Earnings • Aug 16
Second quarter 2025 earnings released: JP¥8.03 loss per share (vs JP¥12.16 loss in 2Q 2024) Second quarter 2025 results: JP¥8.03 loss per share (improved from JP¥12.16 loss in 2Q 2024). Revenue: JP¥904.0m (flat on 2Q 2024). Net loss: JP¥15.0m (loss narrowed 29% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 45 percentage points per year, which is a significant difference in performance. New Risk • Jul 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 5.2% 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 Earnings have declined by 63% per year over the past 5 years. Market cap is less than US$10m (JP¥1.09b market cap, or US$7.37m). Minor Risk Share price has been volatile over the past 3 months (5.2% average weekly change). Reported Earnings • May 20
First quarter 2025 earnings released: JP¥6.74 loss per share (vs JP¥24.44 loss in 1Q 2024) First quarter 2025 results: JP¥6.74 loss per share (improved from JP¥24.44 loss in 1Q 2024). Revenue: JP¥879.0m (flat on 1Q 2024). Net loss: JP¥12.0m (loss narrowed 71% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. New Risk • Feb 26
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 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 65% per year over the past 5 years. Market cap is less than US$10m (JP¥1.01b market cap, or US$6.74m). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Annonce • Feb 17
adish Co., Ltd., Annual General Meeting, Mar 27, 2025 adish Co., Ltd., Annual General Meeting, Mar 27, 2025. Reported Earnings • Feb 16
Full year 2024 earnings released: JP¥63.79 loss per share (vs JP¥110 loss in FY 2023) Full year 2024 results: JP¥63.79 loss per share (improved from JP¥110 loss in FY 2023). Revenue: JP¥3.59b (up 2.0% from FY 2023). Net loss: JP¥115.0m (loss narrowed 40% from FY 2023). 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 • Dec 03
adish Co., Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025 adish Co., Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025 New Risk • Sep 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 8.5% 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: Major Risks Earnings have declined by 73% per year over the past 5 years. Market cap is less than US$10m (JP¥1.36b market cap, or US$9.44m). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Reported Earnings • Aug 19
Second quarter 2024 earnings released: JP¥12.16 loss per share (vs JP¥19.82 loss in 2Q 2023) Second quarter 2024 results: JP¥12.16 loss per share (improved from JP¥19.82 loss in 2Q 2023). Revenue: JP¥905.0m (up 2.6% from 2Q 2023). Net loss: JP¥21.0m (loss narrowed 40% from 2Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. New Risk • Aug 05
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 6.5% 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: Major Risks Earnings have declined by 72% per year over the past 5 years. Market cap is less than US$10m (JP¥1.05b market cap, or US$7.37m). Minor Risk Share price has been volatile over the past 3 months (6.5% average weekly change). Reported Earnings • May 19
First quarter 2024 earnings released: JP¥24.44 loss per share (vs JP¥17.81 loss in 1Q 2023) First quarter 2024 results: JP¥24.44 loss per share (further deteriorated from JP¥17.81 loss in 1Q 2023). Revenue: JP¥880.0m (flat on 1Q 2023). Net loss: JP¥42.0m (loss widened 31% from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Board Change • Apr 12
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 External Director Masato Takahashi 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. Reported Earnings • Feb 17
Full year 2023 earnings released: JP¥110 loss per share (vs JP¥42.87 profit in FY 2022) Full year 2023 results: JP¥110 loss per share (down from JP¥42.87 profit in FY 2022). Revenue: JP¥3.52b (up 2.9% from FY 2022). Net loss: JP¥193.0m (down 351% from profit in FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Annonce • Feb 16
adish Co., Ltd., Annual General Meeting, Mar 28, 2024 adish Co., Ltd., Annual General Meeting, Mar 28, 2024. New Risk • Feb 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.47b (US$9.86m) 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 33% per year over the past 5 years. Market cap is less than US$10m (JP¥1.47b market cap, or US$9.86m). Minor Risk Share price has been volatile over the past 3 months (7.6% average weekly change). Annonce • Dec 05
adish Co., Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024 adish Co., Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024 Reported Earnings • Nov 20
Third quarter 2023 earnings released: JP¥49.46 loss per share (vs JP¥26.17 profit in 3Q 2022) Third quarter 2023 results: JP¥49.46 loss per share (down from JP¥26.17 profit in 3Q 2022). Revenue: JP¥871.0m (down 4.3% from 3Q 2022). Net loss: JP¥82.0m (down 275% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 46% 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. New Risk • Oct 27
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.45b (US$9.64m) 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 Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 6.1% per year over the past 5 years. Market cap is less than US$10m (JP¥1.45b market cap, or US$9.64m). New Risk • Aug 24
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 8.0% 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 (8.0% average weekly change). Earnings have declined by 6.1% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥2.23b market cap, or US$15.3m). New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings have declined by 6.1% 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 Risk Earnings have declined by 6.1% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥1.76b market cap, or US$12.0m). Reported Earnings • Aug 17
Second quarter 2023 earnings released: JP¥19.82 loss per share (vs JP¥14.48 profit in 2Q 2022) Second quarter 2023 results: JP¥19.82 loss per share (down from JP¥14.48 profit in 2Q 2022). Revenue: JP¥882.0m (up 10% from 2Q 2022). Net loss: JP¥35.0m (down 235% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Annonce • May 26
adish Co., Ltd. (TSE:7093) announces an Equity Buyback for 83,600 shares, for ¥99.9 million. adish Co., Ltd. (TSE:7093) announces a share repurchase program. Under the program, the company will repurchase up to 83,600 shares, representing 4.65% of its issued share capital, for ¥99.90 million. The shares will be repurchased at a price of ¥1,195 per share. The purpose of the program is to implement a flexible and effective capital policy in response to changes in the business environment. As of March 31, 2023, the company had 1,798,431 issued shares (excluding treasury stock) and 129 shares in treasury. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: JP¥42.87 (vs JP¥26.85 in FY 2021) Full year 2022 results: EPS: JP¥42.87 (up from JP¥26.85 in FY 2021). Revenue: JP¥3.42b (up 14% from FY 2021). Net income: JP¥77.0m (up 60% from FY 2021). Profit margin: 2.3% (up from 1.6% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 16
Full year 2022 earnings released: EPS: JP¥42.87 (vs JP¥26.85 in FY 2021) Full year 2022 results: EPS: JP¥42.87 (up from JP¥26.85 in FY 2021). Revenue: JP¥3.42b (up 14% from FY 2021). Net income: JP¥77.0m (up 60% from FY 2021). Profit margin: 2.3% (up from 1.6% in FY 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥1,377, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 56% over the past year. Annonce • Feb 05
adish Co., Ltd. to Report Fiscal Year 2022 Results on Feb 14, 2023 adish Co., Ltd. announced that they will report fiscal year 2022 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥1,653, the stock trades at a trailing P/E ratio of 39.6x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 91% over the past year. Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥26.17 (vs JP¥16.76 in 3Q 2021) Third quarter 2022 results: EPS: JP¥26.17 (up from JP¥16.76 in 3Q 2021). Revenue: JP¥910.0m (up 20% from 3Q 2021). Net income: JP¥47.0m (up 57% from 3Q 2021). Profit margin: 5.2% (up from 4.0% in 3Q 2021). The increase in margin was driven by higher revenue. 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 External Director Masato Takahashi 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. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: JP¥26.17 (vs JP¥16.76 in 3Q 2021) Third quarter 2022 results: EPS: JP¥26.17 (up from JP¥16.76 in 3Q 2021). Revenue: JP¥910.0m (up 20% from 3Q 2021). Net income: JP¥47.0m (up 57% from 3Q 2021). Profit margin: 5.2% (up from 4.0% in 3Q 2021). The increase in margin was driven by higher revenue. Annonce • Aug 31
adish Co., Ltd. to Report Q3, 2022 Results on Nov 11, 2022 adish Co., Ltd. announced that they will report Q3, 2022 results on Nov 11, 2022 Reported Earnings • Aug 15
Second quarter 2022 earnings released: EPS: JP¥14.48 (vs JP¥7.84 in 2Q 2021) Second quarter 2022 results: EPS: JP¥14.48 (up from JP¥7.84 in 2Q 2021). Revenue: JP¥799.0m (up 9.3% from 2Q 2021). Net income: JP¥26.0m (up 86% from 2Q 2021). Profit margin: 3.3% (up from 1.9% in 2Q 2021). The increase in margin was driven by higher revenue. Buying Opportunity • Jul 19
Now 21% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be JP¥1,396, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last year. Earnings per share has grown by 138%. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improved over the past week After last week's 26% share price gain to JP¥1,320, the stock trades at a trailing P/E ratio of 51.5x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 12% over the past year. Annonce • Jun 29
adish Co., Ltd. to Report Q2, 2022 Results on Aug 12, 2022 adish Co., Ltd. announced that they will report Q2, 2022 results on Aug 12, 2022 Buying Opportunity • Jun 13
Now 22% undervalued Over the last 90 days, the stock is up 26%. The fair value is estimated to be JP¥1,393, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.9% over the last year. Earnings per share has grown by 138%. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,104, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 26% over the past year. 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. 3 non-independent directors. Independent External Director Masato Takahashi 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 19
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 External Director Masato Takahashi 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. Annonce • Apr 08
adish Co., Ltd. to Report Q1, 2022 Results on May 13, 2022 adish Co., Ltd. announced that they will report Q1, 2022 results on May 13, 2022 Annonce • Feb 16
adish Co., Ltd., Annual General Meeting, Mar 25, 2022 adish Co., Ltd., Annual General Meeting, Mar 25, 2022. Reported Earnings • Feb 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥26.85 (up from JP¥2.38 loss in FY 2020). Revenue: JP¥2.99b (up 9.9% from FY 2020). Net income: JP¥48.0m (up JP¥52.0m from FY 2020). Profit margin: 1.6% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment deteriorated over the past week After last week's 18% share price decline to JP¥905, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 19x in the IT industry in Japan. Total loss to shareholders of 44% over the past year. Reported Earnings • Nov 16
Third quarter 2021 earnings released: EPS JP¥16.76 (vs JP¥5.08 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¥757.0m (up 13% from 3Q 2020). Net income: JP¥30.0m (up JP¥39.0m from 3Q 2020). Profit margin: 4.0% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Reported Earnings • Apr 01
Full year 2020 earnings released: JP¥2.38 loss per share (vs JP¥64.07 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: JP¥2.72b (up 8.9% from FY 2019). Net loss: JP¥4.00m (down 104% from profit in FY 2019). Is New 90 Day High Low • Mar 03
New 90-day low: JP¥1,488 The company is down 19% from its price of JP¥1,843 on 03 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is flat over the same period. Annonce • Feb 16
adish Co., Ltd., Annual General Meeting, Mar 26, 2021 adish Co., Ltd., Annual General Meeting, Mar 26, 2021. Reported Earnings • Feb 14
Full year 2020 earnings released: JP¥2.38 loss per share (vs JP¥64.07 profit in FY 2019) The company reported a soft full year result with weaker earnings and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: JP¥2.72b (up 8.9% from FY 2019). Net loss: JP¥4.00m (down 104% from profit in FY 2019). Is New 90 Day High Low • Jan 29
New 90-day low: JP¥1,536 The company is down 36% from its price of JP¥2,412 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 IT industry, which is up 11% over the same period. Annonce • Jan 17
adish Co., Ltd. to Report Fiscal Year 2020 Results on Feb 12, 2021 adish Co., Ltd. announced that they will report fiscal year 2020 results on Feb 12, 2021 Is New 90 Day High Low • Jan 13
New 90-day low: JP¥1,686 The company is down 41% from its price of JP¥2,851 on 15 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the IT industry, which is up 1.0% over the same period. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 22% share price decline to JP¥1,778, the stock is trading at a trailing P/E ratio of 70.9x, down from the previous P/E ratio of 90.6x. This compares to an average P/E of 28x in the IT industry in Japan. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥2,000, the stock is trading at a trailing P/E ratio of 79.8x, up from the previous P/E ratio of 68.6x. This compares to an average P/E of 30x in the IT industry in Japan. Is New 90 Day High Low • Dec 01
New 90-day low: JP¥1,885 The company is down 40% from its price of JP¥3,145 on 02 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 IT industry, which is up 7.0% over the same period. Annonce • Jun 28
adish Co., Ltd. to Report Q2, 2020 Results on Aug 13, 2020 adish Co., Ltd. announced that they will report Q2, 2020 results on Aug 13, 2020