Reported Earnings • May 20
First quarter 2026 earnings released: JP¥0.046 loss per share (vs JP¥0.018 profit in 1Q 2025) First quarter 2026 results: JP¥0.046 loss per share (down from JP¥0.018 profit in 1Q 2025). Revenue: JP¥189.0m (down 43% from 1Q 2025). Net loss: JP¥14.0m (down 380% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. New Risk • May 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.3b (US$96.1m) 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 Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (JP¥15.3b market cap, or US$96.1m). Reported Earnings • Feb 16
Full year 2025 earnings released: JP¥0.01 loss per share (vs JP¥0.54 loss in FY 2024) Full year 2025 results: JP¥0.01 loss per share (improved from JP¥0.54 loss in FY 2024). Revenue: JP¥1.37b (down 92% from FY 2024). Net loss: JP¥3.00m (loss narrowed 98% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. Annonce • Feb 13
Environment Friendly Holdings Corp., Annual General Meeting, Mar 26, 2026 Environment Friendly Holdings Corp., Annual General Meeting, Mar 26, 2026. Annonce • Jan 06
Environment Friendly Holdings Corp. to Report Fiscal Year 2025 Results on Feb 13, 2026 Environment Friendly Holdings Corp. announced that they will report fiscal year 2025 results on Feb 13, 2026 Reported Earnings • Nov 18
Third quarter 2025 earnings released: JP¥0.32 loss per share (vs JP¥0.007 profit in 3Q 2024) Third quarter 2025 results: JP¥0.32 loss per share (down from JP¥0.007 profit in 3Q 2024). Revenue: JP¥250.0m (down 88% from 3Q 2024). Net loss: JP¥97.0m (down JP¥99.0m from profit in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. New Risk • Nov 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.4b (US$99.8m) 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 Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (JP¥15.4b market cap, or US$99.8m). Annonce • Sep 01
Environment Friendly Holdings Corp. to Report Q3, 2025 Results on Nov 14, 2025 Environment Friendly Holdings Corp. announced that they will report Q3, 2025 results on Nov 14, 2025 Reported Earnings • Aug 16
Second quarter 2025 earnings released: JP¥0.12 loss per share (vs JP¥0.088 loss in 2Q 2024) Second quarter 2025 results: JP¥0.12 loss per share (further deteriorated from JP¥0.088 loss in 2Q 2024). Revenue: JP¥192.0m (down 96% from 2Q 2024). Net loss: JP¥35.0m (loss widened 40% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jun 27
Environment Friendly Holdings Corp. to Report Q2, 2025 Results on Aug 14, 2025 Environment Friendly Holdings Corp. announced that they will report Q2, 2025 results on Aug 14, 2025 New Risk • Jun 18
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 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.5% average weekly change). Minor Risk Market cap is less than US$100m (JP¥10.8b market cap, or US$74.5m). Reported Earnings • May 20
First quarter 2025 earnings released: EPS: JP¥0.018 (vs JP¥0.20 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥0.018 (up from JP¥0.20 loss in 1Q 2024). Revenue: JP¥331.0m (down 93% from 1Q 2024). Net income: JP¥5.00m (up JP¥63.0m from 1Q 2024). Profit margin: 1.5% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Annonce • Mar 27
Environment Friendly Holdings Corp. to Report Q1, 2025 Results on May 15, 2025 Environment Friendly Holdings Corp. announced that they will report Q1, 2025 results on May 15, 2025 Reported Earnings • Feb 16
Full year 2024 earnings released: JP¥0.54 loss per share (vs JP¥0.56 profit in FY 2023) Full year 2024 results: JP¥0.54 loss per share (down from JP¥0.56 profit in FY 2023). Revenue: JP¥17.2b (up 1.4% from FY 2023). Net loss: JP¥154.0m (down 201% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Annonce • Feb 14
Environment Friendly Holdings Corp., Annual General Meeting, Mar 27, 2025 Environment Friendly Holdings Corp., Annual General Meeting, Mar 27, 2025. New Risk • Feb 03
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 Risk Share price has been highly volatile over the past 3 months (8.9% average weekly change). Minor Risk Market cap is less than US$100m (JP¥10.7b market cap, or US$69.3m). Annonce • Jan 21
Environment Friendly Holdings Corp. announced that it expects to receive ¥292.2 million in funding from Golden Stone Growth Corporation Limited, Rihuaxing Limited nvironment Friendly Holdings Corp. announced a private placement to issue 10,000,000 common shares at issue price of ¥28 per share for gross proceeds of ¥280,000,000 on January 20, 2025. The transaction includes participation from new investor, Golden Stone Growth Corporation Limited. The transaction will happen through third party allocation. The issue date will be May 30, 2025. The transaction has been approved at board of director meeting of the company.
On the same date, the company announced to issue 200,000 22nd stock acquisition rights at issue price of ¥61 per stock acquisition right for gross proceeds of ¥ 12,200,000. The transaction includes participation from new investor, RIHUAXING INVESTMENT LIMITED. The potential shares from issuance of stock acquisition right will be 20,000,000. The initial exercise price of stock acquisition right will be ¥28. The transaction will happen through third party allocation. The company will incur issuance costs of ¥6,283,332. The issue date will be May 30, 2025. The transaction has been approved at board of director meeting of the company. Estimated issuance costs are: registration-related costs of ¥1,383,000 , stock acquisition rights valuation costs of ¥1,000,000 , and securities registration statement costs. The total cost is ¥,500,000 for creation costs, ¥600,000 for credit investigation costs, ¥300,000 for printing companies, and ¥1,500,000 for legal fees. The estimated cost of issuance does not include consumption tax, etc. Annonce • Dec 03
Environment Friendly Holdings Corp. to Report Fiscal Year 2024 Results on Feb 14, 2025 Environment Friendly Holdings Corp. announced that they will report fiscal year 2024 results on Feb 14, 2025 New Risk • Sep 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% 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 Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Market cap is less than US$100m (JP¥9.56b market cap, or US$65.8m). Annonce • Sep 03
Environment Friendly Holdings Corp. to Report Q3, 2024 Results on Nov 14, 2024 Environment Friendly Holdings Corp. announced that they will report Q3, 2024 results on Nov 14, 2024 Reported Earnings • Aug 19
Second quarter 2024 earnings released: JP¥0.088 loss per share (vs JP¥0.62 profit in 2Q 2023) Second quarter 2024 results: JP¥0.088 loss per share (down from JP¥0.62 profit in 2Q 2023). Revenue: JP¥4.75b (down 1.6% from 2Q 2023). Net loss: JP¥25.0m (down 114% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Annonce • Aug 10
Environment Friendly Holdings Corp. announced that it expects to receive ¥29.98316 million in funding from Orchid Plus Pte. Ltd., Jesus Child Limited Liability Partnership Environment Friendly Holdings Corp. announced a private placement of 565,720 series 21 stock acquisition rights at a price of ¥53 per warrant for aggregate gross proceeds of ¥29,983,160 on August 8, 2024. The transaction will include participation from new investors Orchid Plus Pte. Ltd., and Jesus Child Limited Liability Partnership for 282,860 units each. The company will raise funding through third-party allocation. The transaction has been approved by the board of directors of the company. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 34% After last week's 34% share price decline to JP¥23.00, the stock trades at a trailing P/E ratio of 43.1x. Average trailing P/E is 34x in the Renewable Energy industry in Japan. Total returns to shareholders of 9.5% over the past three years. Reported Earnings • May 17
First quarter 2024 earnings released: JP¥0.20 loss per share (vs JP¥0.22 loss in 1Q 2023) First quarter 2024 results: JP¥0.20 loss per share. Revenue: JP¥4.71b (up 213% from 1Q 2023). Net loss: JP¥58.0m (loss widened 3.6% from 1Q 2023). Annonce • May 03
Environment Friendly Holdings Corp. to Report Q1, 2024 Results on May 15, 2024 Environment Friendly Holdings Corp. announced that they will report Q1, 2024 results on May 15, 2024 New Risk • Apr 11
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 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risk Market cap is less than US$100m (JP¥11.6b market cap, or US$75.8m). New Risk • Mar 01
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 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (JP¥12.4b market cap, or US$83.0m). Reported Earnings • Feb 17
Full year 2023 earnings released: EPS: JP¥0.56 (vs JP¥0.77 loss in FY 2022) Full year 2023 results: EPS: JP¥0.56 (up from JP¥0.77 loss in FY 2022). Revenue: JP¥17.0b (up JP¥16.2b from FY 2022). Net income: JP¥153.0m (up JP¥324.0m from FY 2022). Profit margin: 0.9% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Annonce • Feb 17
FHT holdings Corp., Annual General Meeting, Mar 27, 2024 FHT holdings Corp., Annual General Meeting, Mar 27, 2024. Annonce • Jan 09
FHT holdings Corp. to Report Fiscal Year 2023 Results on Feb 14, 2024 FHT holdings Corp. announced that they will report fiscal year 2023 results on Feb 14, 2024 Reported Earnings • Nov 20
Third quarter 2023 earnings released Third quarter 2023 results: EPS: JP¥0.36. Revenue: JP¥4.86b (up JP¥4.55b from 3Q 2022). Net income: JP¥103.0m (up JP¥103.0m from 3Q 2022). Profit margin: 2.1% (up from 0% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Annonce • Sep 28
FHT holdings Corp. to Report Q3, 2023 Results on Nov 14, 2023 FHT holdings Corp. announced that they will report Q3, 2023 results on Nov 14, 2023 Reported Earnings • Aug 16
Second quarter 2023 earnings released: EPS: JP¥0.62 (vs JP¥0.15 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥0.62 (up from JP¥0.15 loss in 2Q 2022). Revenue: JP¥4.83b (up JP¥4.60b from 2Q 2022). Net income: JP¥175.0m (up JP¥208.0m from 2Q 2022). Profit margin: 3.6% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Annonce • Jun 28
FHT holdings Corp. to Report Q2, 2023 Results on Aug 15, 2023 FHT holdings Corp. announced that they will report Q2, 2023 results on Aug 15, 2023 Reported Earnings • May 18
First quarter 2023 earnings released: JP¥0.22 loss per share (vs JP¥0.13 loss in 1Q 2022) First quarter 2023 results: JP¥0.22 loss per share (further deteriorated from JP¥0.13 loss in 1Q 2022). Revenue: JP¥1.51b (up JP¥1.41b from 1Q 2022). Net loss: JP¥56.0m (loss widened 107% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 31
Full year 2022 earnings released: JP¥0.77 loss per share (vs JP¥1.42 profit in FY 2021) Full year 2022 results: JP¥0.77 loss per share (down from JP¥1.42 profit in FY 2021). Revenue: JP¥754.0m (up 187% from FY 2021). Net loss: JP¥171.0m (down 166% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 16
Full year 2022 earnings released: JP¥0.77 loss per share (vs JP¥1.42 profit in FY 2021) Full year 2022 results: JP¥0.77 loss per share (down from JP¥1.42 profit in FY 2021). Revenue: JP¥754.0m (up 187% from FY 2021). Net loss: JP¥171.0m (down 166% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. No independent directors (4 non-independent directors). External Auditor Haruyasu Imai was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: JP¥310.0m (up 148% from 3Q 2021). Net income: JP¥0 (up JP¥32.0m from 3Q 2021). Profit margin: 0% (up from net loss in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Annonce • Nov 10
FHT holdings Corp. to Report Q3, 2022 Results on Nov 11, 2022 FHT holdings Corp. announced that they will report Q3, 2022 results on Nov 11, 2022 Annonce • Nov 09
FHT holdings Corp. (TSE:3777) agreed to acquire Life Energy Co., Ltd. from Kagawa Electric Power Company, Inc. for ¥9.9 million FHT holdings Corp. (TSE:3777) agreed to acquire Life Energy Co., Ltd. from Kagawa Electric Power Company, Inc. for ¥9.9 million on November 8, 2022. For the year ending March 31, 2022, Life Energy had negative net worth of ¥1.85 million, total assets of ¥2.33 million, revenues of ¥0.27 million, negative EBIT of ¥1.35 million and net loss of ¥1.48 million. Annonce • Sep 29
FHT holdings Corp. (TSE:3777) Completed the acquisition of Two Solar Power Plants in Ibaraki from Area Energy, Ltd. FHT holdings Corp. (TSE:3777) agreed to acquire Two Solar Power Plants in Ibaraki from Area Energy, Ltd. on September 16, 2022. The transaction is expected to complete on September 29, 2022.
FHT holdings Corp. (TSE:3777) Completed the acquisition of Two Solar Power Plants in Ibaraki from Area Energy, Ltd. on September 28, 2022. Reported Earnings • Aug 11
Second quarter 2022 earnings released: JP¥0.15 loss per share (vs JP¥1.71 profit in 2Q 2021) Second quarter 2022 results: JP¥0.15 loss per share (down from JP¥1.71 profit in 2Q 2021). Revenue: JP¥231.0m (up 313% from 2Q 2021). Net loss: JP¥33.0m (down 110% from profit in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Annonce • Aug 04
FHT holdings Corp. to Report Q2, 2022 Results on Aug 10, 2022 FHT holdings Corp. announced that they will report Q2, 2022 results on Aug 10, 2022 Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 4 highly experienced directors. No independent directors (4 non-independent directors). External Auditor Haruyasu Imai was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annonce • Apr 10
FHT holdings Corp. to Report Q1, 2022 Results on May 13, 2022 FHT holdings Corp. announced that they will report Q1, 2022 results on May 13, 2022 Annonce • Feb 12
FHT holdings Corp., Annual General Meeting, Mar 24, 2022 FHT holdings Corp., Annual General Meeting, Mar 24, 2022. Reported Earnings • Feb 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥1.42 (up from JP¥12.71 loss in FY 2020). Revenue: JP¥263.0m (down 26% from FY 2020). Net income: JP¥260.0m (up JP¥2.02b from FY 2020). Profit margin: 99% (up from net loss in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 25% per year, which means it has not declined as severely as earnings. Annonce • Feb 05
FHT holdings Corp. to Report Fiscal Year 2021 Results on Feb 10, 2022 FHT holdings Corp. announced that they will report fiscal year 2021 results on Feb 10, 2022 Reported Earnings • Nov 16
Third quarter 2021 earnings released: JP¥0.17 loss per share (vs JP¥0.16 loss in 3Q 2020) The company reported a solid third quarter result with improved revenues and control over costs, although losses increased. Third quarter 2021 results: Revenue: JP¥125.0m (up 155% from 3Q 2020). Net loss: JP¥32.0m (loss widened 46% from 3Q 2020). 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. Reported Earnings • May 20
First quarter 2021 earnings released: JP¥0.37 loss per share (vs JP¥0.23 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: JP¥38.0m (down 79% from 1Q 2020). Net loss: JP¥53.0m (loss widened 66% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 25
New 90-day high: JP¥25.00 The company is up 25% from its price of JP¥20.00 on 27 November 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 10.0% over the same period. Annonce • Feb 17
FHT holdings Corp., Annual General Meeting, Mar 25, 2021 FHT holdings Corp., Annual General Meeting, Mar 25, 2021. Reported Earnings • Feb 17
Full year 2020 earnings released: JP¥12.71 loss per share (vs JP¥8.34 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: JP¥354.0m (down 47% from FY 2019). Net loss: JP¥1.76b (loss widened 55% from FY 2019). 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. Is New 90 Day High Low • Jan 22
New 90-day low: JP¥15.00 The company is down 29% from its price of JP¥21.00 on 23 October 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 52% over the same period. Annonce • Dec 30
FHT holdings Corp. to Report Fiscal Year 2020 Results on Feb 12, 2021 FHT holdings Corp. announced that they will report fiscal year 2020 results on Feb 12, 2021 Is New 90 Day High Low • Dec 28
New 90-day low: JP¥16.00 The company is down 20% from its price of JP¥20.00 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 50% over the same period. Annonce • Dec 17
FHT holdings Corp. announced that it expects to receive ¥25.44 million in funding FHT holdings Corp. (JASDAQ:3777) announced a private placement of 480,000 18th stock acquisition rights at a price of ¥27 per warrant and 480,000 19th stock acquisition rights at a price of ¥26 per warrant, for aggregate gross proceeds of ¥25,440,000 on December 16, 2020. Each warrant entitles the holder to purchase 100 common shares at a price of ¥22 per share. The company will raise funding through third-party allocation. The transaction has been approved by the board of directors of the company. Is New 90 Day High Low • Dec 09
New 90-day low: JP¥19.00 The company is down 14% from its price of JP¥22.00 on 10 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Renewable Energy industry, which is up 31% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: JP¥0.16 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: JP¥49.0m (down 46% from 3Q 2019). Net loss: JP¥22.0m (loss narrowed 88% from 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 73% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings.