New Risk • Jun 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-JP¥528m free cash flow). Earnings have declined by 18% per year over the past 5 years. Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Market cap is less than US$10m (JP¥1.29b market cap, or US$8.05m). Minor Risk Revenue is less than US$5m (JP¥237m revenue, or US$1.5m). Reported Earnings • May 20
First quarter 2026 earnings released: JP¥6.48 loss per share (vs JP¥11.29 loss in 1Q 2025) First quarter 2026 results: JP¥6.48 loss per share (improved from JP¥11.29 loss in 1Q 2025). Revenue: JP¥79.0m (up 155% from 1Q 2025). Net loss: JP¥64.0m (loss narrowed 27% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. New Risk • May 20
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -JP¥528m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. 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¥528m free cash flow). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (JP¥1.08b market cap, or US$6.80m). Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Revenue is less than US$5m (JP¥237m revenue, or US$1.5m). Reported Earnings • Apr 04
Full year 2025 earnings released: JP¥29.63 loss per share (vs JP¥55.28 loss in FY 2024) Full year 2025 results: JP¥29.63 loss per share (improved from JP¥55.28 loss in FY 2024). Revenue: JP¥189.0m (up 5.6% from FY 2024). Net loss: JP¥256.0m (loss narrowed 34% from FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. New Risk • Mar 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.57b (US$9.92m) 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 26% per year over the past 5 years. Market cap is less than US$10m (JP¥1.57b market cap, or US$9.92m). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Revenue is less than US$5m (JP¥189m revenue, or US$1.2m). Reported Earnings • Feb 16
Full year 2025 earnings released: JP¥29.63 loss per share (vs JP¥55.28 loss in FY 2024) Full year 2025 results: JP¥29.63 loss per share (improved from JP¥55.28 loss in FY 2024). Revenue: JP¥189.0m (up 5.6% from FY 2024). Net loss: JP¥256.0m (loss narrowed 34% from FY 2024). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. New Risk • Jan 19
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 31% This is considered a major 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 Less than 1 year of cash runway based on free cash flow trend (-JP¥480m free cash flow). Share price has been highly volatile over the past 3 months (9.4% average weekly change). Earnings have declined by 33% per year over the past 5 years. Shareholders have been substantially diluted in the past year (31% increase in shares outstanding). Revenue is less than US$1m (JP¥157m revenue, or US$993k). Minor Risk Market cap is less than US$100m (JP¥1.83b market cap, or US$11.6m). Annuncio • Dec 27
J-Holdings Corp. to Report Fiscal Year 2025 Results on Feb 13, 2026 J-Holdings Corp. announced that they will report fiscal year 2025 results on Feb 13, 2026 New Risk • Dec 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.55b (US$9.95m) 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 Less than 1 year of cash runway based on free cash flow trend (-JP¥480m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 33% per year over the past 5 years. Market cap is less than US$10m (JP¥1.55b market cap, or US$9.95m). Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Revenue is less than US$5m (JP¥157m revenue, or US$1.0m). New Risk • Oct 30
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: JP¥154m (US$999k) This is considered a major risk. Companies with a small amount of revenue 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 Less than 1 year of cash runway based on free cash flow trend (-JP¥480m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 40% per year over the past 5 years. Revenue is less than US$1m (JP¥154m revenue, or US$999k). Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (JP¥1.85b market cap, or US$12.0m). Annuncio • Sep 03
J-Holdings Corp. to Report Q3, 2025 Results on Nov 14, 2025 J-Holdings Corp. announced that they will report Q3, 2025 results on Nov 14, 2025 New Risk • Aug 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% 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 Less than 1 year of cash runway based on free cash flow trend (-JP¥480m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 40% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (24% increase in shares outstanding). Revenue is less than US$5m (JP¥154m revenue, or US$1.0m). Market cap is less than US$100m (JP¥1.76b market cap, or US$12.0m). Reported Earnings • Aug 16
Second quarter 2025 earnings released: JP¥9.20 loss per share (vs JP¥30.86 loss in 2Q 2024) Second quarter 2025 results: JP¥9.20 loss per share (improved from JP¥30.86 loss in 2Q 2024). Revenue: JP¥39.0m (down 11% from 2Q 2024). Net loss: JP¥80.0m (loss narrowed 63% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Annuncio • Jun 27
J-Holdings Corp. to Report Q2, 2025 Results on Aug 15, 2025 J-Holdings Corp. announced that they will report Q2, 2025 results on Aug 15, 2025 New Risk • May 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.41b (US$9.87m) 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 (15% average weekly change). Earnings have declined by 39% per year over the past 5 years. Market cap is less than US$10m (JP¥1.41b market cap, or US$9.87m). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Revenue is less than US$5m (JP¥159m revenue, or US$1.1m). Reported Earnings • May 21
First quarter 2025 earnings released: JP¥11.29 loss per share (vs JP¥10.32 loss in 1Q 2024) First quarter 2025 results: JP¥11.29 loss per share (further deteriorated from JP¥10.32 loss in 1Q 2024). Revenue: JP¥31.0m (down 39% from 1Q 2024). Net loss: JP¥88.0m (loss widened 26% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 14% per year. New Risk • Apr 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.31b (US$9.02m) 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 (12% average weekly change). Negative equity (-JP¥33m). Earnings have declined by 34% per year over the past 5 years. Market cap is less than US$10m (JP¥1.31b market cap, or US$9.02m). Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Revenue is less than US$5m (JP¥179m revenue, or US$1.2m). Annuncio • Mar 28
J-Holdings Corp. to Report Q1, 2025 Results on May 15, 2025 J-Holdings Corp. announced that they will report Q1, 2025 results on May 15, 2025 New Risk • Mar 04
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-JP¥33m). Earnings have declined by 34% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (21% increase in shares outstanding). Revenue is less than US$5m (JP¥179m revenue, or US$1.2m). Market cap is less than US$100m (JP¥1.67b market cap, or US$11.2m). Annuncio • Feb 17
J-Holdings Corp., Annual General Meeting, Mar 28, 2025 J-Holdings Corp., Annual General Meeting, Mar 28, 2025. Reported Earnings • Feb 16
Full year 2024 earnings released: JP¥55.28 loss per share (vs JP¥44.69 loss in FY 2023) Full year 2024 results: JP¥55.28 loss per share (further deteriorated from JP¥44.69 loss in FY 2023). Revenue: JP¥179.0m (up 2.3% from FY 2023). Net loss: JP¥387.0m (loss widened 31% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 12% per year. Annuncio • Jan 16
J-Holdings Corp. announced that it expects to receive ¥11.34 million in funding from Chiyoda Investment Co., Ltd. J-Holdings Corp. announced a private placement to issue 70,000 8th Stock Acquisition Rights at issue price of ¥162 per stock acquisition right for gross proceeds of ¥11,340,000 on January 15, 2025. The transaction includes participation from individual investors Kimitsu Asunaro Gakuen subscribed 5,000 Stock acquisition rights, Tomoyuki Oyagawa subscribed 14,000 Stock acquisition rights, Miyuki Ito subscribed 4,000 Stock acquisition rights, Masanobu Ouchi subscribed 4,000 Stock acquisition rights, Kin Kuroda subscribed 1,000 Stock acquisition rights, Ken Hosaka subscribed 1,000 Stock acquisition rights, Kazuki Morikami subscribed 7,000 Stock acquisition rights, Masakazu Nakatani subscribed 15,000 Stock acquisition rights, Hayato Hidaka subscribed 15,000 Stock acquisition rights and a new investor Chiyoda Investment Co., Ltd. subscribed 4,000 Stock acquisition rights. The potential shares from issuance of stock acquisition right will be 7,000,000. The initial exercise price of stock acquisition right will be ¥153 for a exercise period from January 31, 2025 to January 30, 2027. The transaction will happen through third party allocation. The company will incur issuance costs of ¥8,000,000. The issue date will be July 31, 2025. The transaction has been approved at board of director meeting of the company. Annuncio • Jan 03
J-Holdings Corp. to Report Fiscal Year 2024 Results on Feb 14, 2025 J-Holdings Corp. announced that they will report fiscal year 2024 results on Feb 14, 2025 New Risk • Dec 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 7.4% 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 Less than 1 year of cash runway based on free cash flow trend (-JP¥163m free cash flow). Share price has been highly volatile over the past 3 months (7.4% average weekly change). Earnings have declined by 26% per year over the past 5 years. Market cap is less than US$10m (JP¥1.15b market cap, or US$7.30m). Minor Risks Shareholders have been diluted in the past year (5.9% increase in shares outstanding). Revenue is less than US$5m (JP¥196m revenue, or US$1.2m). Annuncio • Sep 27
J-Holdings Corp. to Report Q3, 2024 Results on Nov 13, 2024 J-Holdings Corp. announced that they will report Q3, 2024 results on Nov 13, 2024 Reported Earnings • Aug 19
Second quarter 2024 earnings released: JP¥30.86 loss per share (vs JP¥14.30 loss in 2Q 2023) Second quarter 2024 results: JP¥30.86 loss per share (further deteriorated from JP¥14.30 loss in 2Q 2023). Revenue: JP¥44.0m (up 16% from 2Q 2023). Net loss: JP¥216.0m (loss widened 125% from 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. New Risk • Aug 02
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 Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥204m free cash flow). Share price has been highly volatile over the past 3 months (8.2% average weekly change). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (JP¥1.26b market cap, or US$8.45m). Minor Risks Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Revenue is less than US$5m (JP¥199m revenue, or US$1.3m). New Risk • Jul 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.48b (US$9.18m) 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 Less than 1 year of cash runway based on free cash flow trend (-JP¥204m free cash flow). Earnings have declined by 11% per year over the past 5 years. Market cap is less than US$10m (JP¥1.48b market cap, or US$9.18m). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Revenue is less than US$5m (JP¥199m revenue, or US$1.2m). Annuncio • Jun 29
J-Holdings Corp. to Report Q2, 2024 Results on Aug 14, 2024 J-Holdings Corp. announced that they will report Q2, 2024 results on Aug 14, 2024 New Risk • Jun 10
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. 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¥204m free cash flow). Share price has been highly volatile over the past 3 months (7.7% average weekly change). Earnings have declined by 11% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Revenue is less than US$5m (JP¥199m revenue, or US$1.3m). Market cap is less than US$100m (JP¥1.95b market cap, or US$12.5m). Reported Earnings • May 19
First quarter 2024 earnings released: JP¥10.32 loss per share (vs JP¥10.60 loss in 1Q 2023) First quarter 2024 results: JP¥10.32 loss per share. Revenue: JP¥51.0m (up 89% from 1Q 2023). Net loss: JP¥70.0m (loss widened 4.5% from 1Q 2023). Annuncio • Apr 07
J-Holdings Corp. to Report Q1, 2024 Results on May 14, 2024 J-Holdings Corp. announced that they will report Q1, 2024 results on May 14, 2024 Reported Earnings • Feb 19
Full year 2023 earnings released: JP¥44.69 loss per share (vs JP¥54.10 loss in FY 2022) Full year 2023 results: JP¥44.69 loss per share. Revenue: JP¥175.0m (up 58% from FY 2022). Net loss: JP¥296.0m (loss widened 9.6% from FY 2022). Annuncio • Feb 18
J-Holdings Corp., Annual General Meeting, Mar 29, 2024 J-Holdings Corp., Annual General Meeting, Mar 29, 2024. New Risk • Jan 19
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.47b (US$9.96m) 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 Less than 1 year of cash runway based on free cash flow trend (-JP¥204m free cash flow). Share price has been highly volatile over the past 3 months (8.1% average weekly change). Earnings have declined by 4.0% per year over the past 5 years. Revenue is less than US$1m (JP¥143m revenue, or US$966k). Market cap is less than US$10m (JP¥1.47b market cap, or US$9.96m). Minor Risk Shareholders have been diluted in the past year (6.5% increase in shares outstanding). Annuncio • Dec 29
J-Holdings Corp. to Report Fiscal Year 2023 Results on Feb 16, 2024 J-Holdings Corp. announced that they will report fiscal year 2023 results on Feb 16, 2024 Reported Earnings • Nov 16
Third quarter 2023 earnings released: JP¥9.95 loss per share (vs JP¥13.95 loss in 3Q 2022) Third quarter 2023 results: JP¥9.95 loss per share (improved from JP¥13.95 loss in 3Q 2022). Revenue: JP¥51.0m (up 89% from 3Q 2022). Net loss: JP¥67.0m (loss narrowed 1.5% from 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Annuncio • Sep 29
J-Holdings Corp. to Report Q3, 2023 Results on Nov 13, 2023 J-Holdings Corp. announced that they will report Q3, 2023 results on Nov 13, 2023 New Risk • Aug 17
New major risk - Revenue and earnings growth Earnings have declined by 0.6% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥204m free cash flow). Earnings have declined by 0.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m (JP¥119m revenue, or US$813k). Market cap is less than US$10m (JP¥1.32b market cap, or US$9.01m). Minor Risk Share price has been volatile over the past 3 months (5.7% average weekly change). Reported Earnings • Aug 17
Second quarter 2023 earnings released: JP¥14.30 loss per share (vs JP¥7.20 loss in 2Q 2022) Second quarter 2023 results: JP¥14.30 loss per share (further deteriorated from JP¥7.20 loss in 2Q 2022). Revenue: JP¥38.0m (up 36% from 2Q 2022). Net loss: JP¥96.0m (loss widened 200% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. New Risk • Jul 21
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.39b (US$9.89m) 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 Less than 1 year of cash runway based on free cash flow trend (-JP¥163m free cash flow). Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Revenue is less than US$1m (JP¥109m revenue, or US$778k). Market cap is less than US$10m (JP¥1.39b market cap, or US$9.89m). Minor Risk Share price has been volatile over the past 3 months (5.3% average weekly change). Annuncio • Jun 30
J-Holdings Corp. to Report Q2, 2023 Results on Aug 14, 2023 J-Holdings Corp. announced that they will report Q2, 2023 results on Aug 14, 2023 Reported Earnings • May 16
First quarter 2023 earnings released: JP¥10.60 loss per share (vs JP¥7.15 loss in 1Q 2022) First quarter 2023 results: JP¥10.60 loss per share (further deteriorated from JP¥7.15 loss in 1Q 2022). Revenue: JP¥27.0m (down 6.9% from 1Q 2022). Net loss: JP¥67.0m (loss widened 116% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Feb 21
Full year 2022 earnings released: JP¥54.10 loss per share (vs JP¥34.61 loss in FY 2021) Full year 2022 results: JP¥54.10 loss per share (further deteriorated from JP¥34.61 loss in FY 2021). Revenue: JP¥111.0m (down 4.3% from FY 2021). Net loss: JP¥270.0m (loss widened 80% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Annuncio • Feb 19
J-Holdings Corp., Annual General Meeting, Mar 29, 2023 J-Holdings Corp., Annual General Meeting, Mar 29, 2023. Annuncio • Dec 08
J-Holdings Corp. to Report Fiscal Year 2022 Results on Feb 17, 2023 J-Holdings Corp. announced that they will report fiscal year 2022 results on Feb 17, 2023 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. 5 experienced directors. 2 highly experienced directors. No independent directors (4 non-independent directors). External Standing Corporate Auditor Junichi Ishii was the last director to join the board, commencing their role in 2013. 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: JP¥13.95 loss per share (vs JP¥9.00 loss in 3Q 2021) Third quarter 2022 results: JP¥13.95 loss per share (further deteriorated from JP¥9.00 loss in 3Q 2021). Revenue: JP¥27.0m (down 10.0% from 3Q 2021). Net loss: JP¥68.0m (loss widened 74% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Annuncio • Oct 07
J-Holdings Corp. to Report Q3, 2022 Results on Nov 11, 2022 J-Holdings Corp. announced that they will report Q3, 2022 results on Nov 11, 2022 Annuncio • Aug 18
J-Holdings Corp. announced that it expects to receive ¥5.5 million in funding J-Holdings Corp. announced that it will issue 25,000 shares at a price of ¥220 per share for gross proceeds of ¥ 5,500,000. The company issues securities through third allotment. Each 6th stock acquisition right is exercisable into 100 common shares at a price of ¥243 each and will received proceeds of ¥607,500,000. The transaction included participation from Wasuke Capital No. 2 Investment Limited Partnership for 8,000 shares , and individual investors Masakazu Nakatani for 9,000 shares and Hayato Hidaka 8,000 shares. The transaction is expected to close on September 2, 2022. The transaction has been approved by the board of directors of the company. Reported Earnings • Aug 14
Second quarter 2022 earnings released: JP¥7.20 loss per share (vs JP¥9.92 loss in 2Q 2021) Second quarter 2022 results: JP¥7.20 loss per share (up from JP¥9.92 loss in 2Q 2021). Revenue: JP¥28.0m (up 3.7% from 2Q 2021). Net loss: JP¥32.0m (loss narrowed 26% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Annuncio • Jun 29
J-Holdings Corp. to Report Q2, 2022 Results on Aug 12, 2022 J-Holdings Corp. announced that they will report Q2, 2022 results on Aug 12, 2022 Reported Earnings • May 17
First quarter 2022 earnings released: JP¥7.15 loss per share (vs JP¥7.38 loss in 1Q 2021) First quarter 2022 results: JP¥7.15 loss per share (up from JP¥7.38 loss in 1Q 2021). Revenue: JP¥29.0m (up 7.4% from 1Q 2021). Net loss: JP¥31.0m (loss narrowed 3.1% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Annuncio • May 12
J-Holdings Corp. to Report Q1, 2022 Results on May 13, 2022 J-Holdings Corp. announced that they will report Q1, 2022 results on May 13, 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. 5 experienced directors. 2 highly experienced directors. No independent directors (4 non-independent directors). External Standing Corporate Auditor Junichi Ishii was the last director to join the board, commencing their role in 2013. 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 • Feb 21
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: JP¥34.61 loss per share (down from JP¥21.50 profit in FY 2020). Revenue: JP¥116.0m (down 91% from FY 2020). Net loss: JP¥150.0m (down 327% from profit in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Annuncio • Feb 20
J-Holdings Corp., Annual General Meeting, Mar 30, 2022 J-Holdings Corp., Annual General Meeting, Mar 30, 2022. Reported Earnings • Nov 15
Third quarter 2021 earnings released: JP¥9.00 loss per share (vs JP¥13.90 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¥30.0m (up 3.4% from 3Q 2020). Net loss: JP¥39.0m (loss widened 2.6% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
First quarter 2021 earnings released: JP¥7.38 loss per share (vs JP¥4.76 profit in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2021 results: Revenue: JP¥27.0m (down 98% from 1Q 2020). Net loss: JP¥32.0m (down 346% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 06
Full year 2020 earnings released: EPS JP¥21.50 (vs JP¥108 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥1.22b (down 19% from FY 2019). Net income: JP¥66.0m (up JP¥361.0m from FY 2019). Profit margin: 5.4% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 10
New 90-day high: JP¥333 The company is up 9.0% from its price of JP¥306 on 10 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 11% over the same period. Reported Earnings • Feb 21
Full year 2020 earnings released: EPS JP¥21.50 (vs JP¥108 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥1.22b (down 19% from FY 2019). Net income: JP¥66.0m (up JP¥361.0m from FY 2019). Profit margin: 5.4% (up from net loss in FY 2019). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Annuncio • Feb 19
J-Holdings Corp., Annual General Meeting, Mar 30, 2021 J-Holdings Corp., Annual General Meeting, Mar 30, 2021. Annuncio • Jan 01
J-Holdings Corp. to Report Fiscal Year 2020 Results on Feb 17, 2021 J-Holdings Corp. announced that they will report fiscal year 2020 results on Feb 17, 2021 Is New 90 Day High Low • Dec 12
New 90-day low: JP¥297 The company is down 5.0% from its price of JP¥311 on 11 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 Consumer Durables industry, which is up 14% over the same period. Reported Earnings • Nov 15
Third quarter 2020 earnings released: JP¥13.90 loss per share The company reported a soft third quarter result with weaker revenues and control over expenses, though losses reduced. Third quarter 2020 results: Revenue: JP¥29.0m (down 95% from 3Q 2019). Net loss: JP¥38.0m (loss narrowed 43% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Annuncio • Oct 02
J-Holdings Corp. announced that it expects to receive ¥475.352 million in funding from Estee Engineering Co., Ltd., Earth Material Co., Ltd. and other investors J-Holdings Corp. (JASDAQ:2721) announced that it will issue 1,600,000 shares at a price of ¥295 per share for gross proceeds of ¥472,000,000 and 8,000 4th stock acquisition rights at a price of ¥419 per stock acquisition rights at a price of ¥3,352,000, for aggregate gross proceeds of ¥ 475,352,000 on September 30, 2020. The transaction will include participation from Earth Material Co., Ltd. for 550,000 shares and 2,750 stock acquisition rights, Estee Engineering Co., Ltd for 430,000 shares and 2,150 stock acquisition rights, individual investors Yuji Hamada for 520,000 shares and 2,600 stock acquisition rights, and Hiroshi Kawaguchi for 100,000 shares and 500 stock acquisition rights. The company will issue securities through third-party allotment method. Each 4th stock acquisition right is exercisable into 100 common shares at a price of ¥295 each and will received proceeds of ¥239,352,000. The exercise period for stock acquisition rights is from October 16, 2020 to October 14, 2022. The securities issued in the transaction is subject to transfer restriction. The transaction has been approved by the board of directors. The transaction is expected to close on October 16, 2020. Annuncio • Sep 24
Shinji Ueno acquired Synergy Consulting Co., Ltd from J-Holdings Corp. (JASDAQ:2721) for ¥1. Shinji Ueno acquired Synergy Consulting Co., Ltd from J-Holdings Corp. (JASDAQ:2721) for ¥1 on May 19, 2020. Under the terms, J-Holdings Corp. transferred 1300 shares of Synergy Consulting Co., Ltd.
Shinji Ueno completed the acquisition of Synergy Consulting Co., Ltd from J-Holdings Corp. (JASDAQ:2721) on May 19, 2020.