Board Change • 21h
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. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Chairman & President Takashi Ito was the last director to join the board, commencing their role in 2022. 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 • 21h
Second quarter 2026 earnings released: EPS: JP¥24.64 (vs JP¥19.15 in 2Q 2025) Second quarter 2026 results: EPS: JP¥24.64 (up from JP¥19.15 in 2Q 2025). Revenue: JP¥1.91b (up 10.0% from 2Q 2025). Net income: JP¥26.0m (up 30% from 2Q 2025). Profit margin: 1.4% (up from 1.2% in 2Q 2025). The increase in margin was driven by higher revenue. Board Change • May 01
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. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Chairman, CEO & President Takashi Ito was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 25
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. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Chairman, CEO & President Takashi Ito was the last director to join the board, commencing their role in 2022. 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 16
First quarter 2026 earnings released: EPS: JP¥48.33 (vs JP¥27.04 in 1Q 2025) First quarter 2026 results: EPS: JP¥48.33 (up from JP¥27.04 in 1Q 2025). Revenue: JP¥1.93b (up 5.8% from 1Q 2025). Net income: JP¥51.0m (up 82% from 1Q 2025). Profit margin: 2.6% (up from 1.5% in 1Q 2025). The increase in margin was driven by higher revenue. Board Change • Feb 05
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. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Chairman, CEO & President Takashi Ito was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 25
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. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Chairman, CEO & President Takashi Ito was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Jun 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.45b (US$10.00m) 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 Risk Market cap is less than US$10m (JP¥1.45b market cap, or US$10.00m). Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (0.8% net profit margin). Board Change • May 28
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. 3 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Chairman, CEO & President Takashi Ito was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,120, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 12x in the Luxury industry in Japan. Board Change • Mar 06
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Chairman, CEO & President Takashi Ito was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Dec 31
Full year 2024 earnings released: EPS: JP¥176 (vs JP¥84.82 in FY 2023) Full year 2024 results: EPS: JP¥176 (up from JP¥84.82 in FY 2023). Revenue: JP¥6.66b (up 7.9% from FY 2023). Net income: JP¥166.0m (up 108% from FY 2023). Profit margin: 2.5% (up from 1.3% in FY 2023). The increase in margin was driven by higher revenue. Board Change • Nov 19
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Chairman & President Takashi Ito was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 10
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. President & Representative Director Takashi Ito was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.