ON THE PAGE（9160）株式概要株式会社オン・ザ・ページは、国内外でブライダル事業を展開しています。 詳細9160 ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長3/6過去の実績5/6財務の健全性3/6配当金0/6報酬当社が推定した公正価値より66.2%で取引されている 収益は年間14.77%増加すると予測されています 過去1年間で収益は56.7%増加しました 同業他社や業界と比較して、良好な取引価格 リスク分析過去1年間で株主の希薄化は大幅に進んだ 多額の負債を抱えている 意味のある時価総額がありません ( ¥11B )すべてのリスクチェックを見る9160 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥282.0037.7% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture051b2016201920222025202620282031Revenue JP¥51.1bEarnings JP¥2.8bAdvancedSet Fair ValueView all narrativesON THE PAGE, Inc. 競合他社TearSymbol: TSE:2485Market cap: JP¥10.5bGlobal KidsSymbol: TSE:6189Market cap: JP¥9.1bSAKURASAKU PLUSCo.LtdSymbol: TSE:7097Market cap: JP¥13.2bA-tieLtdSymbol: TSE:369AMarket cap: JP¥8.6b価格と性能株価の高値、安値、推移の概要ON THE PAGE過去の株価現在の株価JP¥282.0052週高値JP¥368.0052週安値JP¥280.00ベータ-0.151ヶ月の変化-2.08%3ヶ月変化-5.05%1年変化-9.90%3年間の変化n/a5年間の変化n/aIPOからの変化-45.77%最新ニュースお知らせ • May 26+ 1 more updateON THE PAGE, Inc. to Report Q2, 2026 Results on Aug 14, 2026ON THE PAGE, Inc. announced that they will report Q2, 2026 results on Aug 14, 2026分析記事 • May 22ON THE PAGE's (TSE:9160) Earnings Are Of Questionable QualityON THE PAGE, Inc.'s ( TSE:9160 ) robust earnings report didn't manage to move the market for its stock. Our analysis...Reported Earnings • May 20First quarter 2026 earnings released: JP¥4.87 loss per share (vs JP¥4.84 loss in 1Q 2025)First quarter 2026 results: JP¥4.87 loss per share (further deteriorated from JP¥4.84 loss in 1Q 2025). Revenue: JP¥4.74b (up 14% from 1Q 2025). Net loss: JP¥122.0m (flat on 1Q 2025). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Consumer Services industry in Japan.New Risk • Apr 14New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% 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 Risk Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risks High level of debt (89% net debt to equity). Market cap is less than US$100m (JP¥11.6b market cap, or US$73.0m).お知らせ • Feb 16Novarese, Inc., Annual General Meeting, Mar 19, 2026Novarese, Inc., Annual General Meeting, Mar 19, 2026.Reported Earnings • Feb 16Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: JP¥50.14 (up from JP¥26.52 in FY 2024). Revenue: JP¥22.0b (up 14% from FY 2024). Net income: JP¥1.26b (up 89% from FY 2024). Profit margin: 5.7% (up from 3.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Consumer Services industry in Japan.最新情報をもっと見るRecent updatesお知らせ • May 26+ 1 more updateON THE PAGE, Inc. to Report Q2, 2026 Results on Aug 14, 2026ON THE PAGE, Inc. announced that they will report Q2, 2026 results on Aug 14, 2026分析記事 • May 22ON THE PAGE's (TSE:9160) Earnings Are Of Questionable QualityON THE PAGE, Inc.'s ( TSE:9160 ) robust earnings report didn't manage to move the market for its stock. Our analysis...Reported Earnings • May 20First quarter 2026 earnings released: JP¥4.87 loss per share (vs JP¥4.84 loss in 1Q 2025)First quarter 2026 results: JP¥4.87 loss per share (further deteriorated from JP¥4.84 loss in 1Q 2025). Revenue: JP¥4.74b (up 14% from 1Q 2025). Net loss: JP¥122.0m (flat on 1Q 2025). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Consumer Services industry in Japan.New Risk • Apr 14New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% 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 Risk Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risks High level of debt (89% net debt to equity). Market cap is less than US$100m (JP¥11.6b market cap, or US$73.0m).お知らせ • Feb 16Novarese, Inc., Annual General Meeting, Mar 19, 2026Novarese, Inc., Annual General Meeting, Mar 19, 2026.Reported Earnings • Feb 16Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: JP¥50.14 (up from JP¥26.52 in FY 2024). Revenue: JP¥22.0b (up 14% from FY 2024). Net income: JP¥1.26b (up 89% from FY 2024). Profit margin: 5.7% (up from 3.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Consumer Services industry in Japan.お知らせ • Dec 27Novarese, Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026Novarese, Inc. announced that they will report fiscal year 2025 results on Feb 13, 2026Reported Earnings • Nov 18Third quarter 2025 earnings released: JP¥5.46 loss per share (vs JP¥9.40 loss in 3Q 2024)Third quarter 2025 results: JP¥5.46 loss per share (improved from JP¥9.40 loss in 3Q 2024). Revenue: JP¥4.48b (up 9.8% from 3Q 2024). Net loss: JP¥137.0m (loss narrowed 42% from 3Q 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Consumer Services industry in Japan.お知らせ • Sep 27Novarese, Inc. to Report Q3, 2025 Results on Nov 14, 2025Novarese, Inc. announced that they will report Q3, 2025 results on Nov 14, 2025Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: JP¥13.45 (vs JP¥9.56 in 2Q 2024)Second quarter 2025 results: EPS: JP¥13.45 (up from JP¥9.56 in 2Q 2024). Revenue: JP¥5.54b (up 16% from 2Q 2024). Net income: JP¥337.0m (up 41% from 2Q 2024). Profit margin: 6.1% (up from 5.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Consumer Services industry in Japan.お知らせ • Jun 27Novarese, Inc. to Report Q2, 2025 Results on Aug 14, 2025Novarese, Inc. announced that they will report Q2, 2025 results on Aug 14, 2025Reported Earnings • May 20First quarter 2025 earnings released: JP¥4.84 loss per share (vs JP¥10.36 loss in 1Q 2024)First quarter 2025 results: JP¥4.84 loss per share (improved from JP¥10.36 loss in 1Q 2024). Revenue: JP¥4.16b (up 13% from 1Q 2024). Net loss: JP¥121.0m (loss narrowed 53% from 1Q 2024). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Consumer Services industry in Japan.お知らせ • Mar 29Novarese, Inc. to Report Q1, 2025 Results on May 15, 2025Novarese, Inc. announced that they will report Q1, 2025 results on May 15, 2025お知らせ • Feb 17Novarese, Inc., Annual General Meeting, Mar 27, 2025Novarese, Inc., Annual General Meeting, Mar 27, 2025.Reported Earnings • Feb 16Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: JP¥26.52 (down from JP¥37.68 in FY 2023). Revenue: JP¥19.3b (up 5.7% from FY 2023). Net income: JP¥663.0m (down 30% from FY 2023). Profit margin: 3.4% (down from 5.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 32%. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Consumer Services industry in Japan.お知らせ • Jan 03Novarese, Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025Novarese, Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025お知らせ • Aug 27Novarese, Inc. to Report Q3, 2024 Results on Nov 14, 2024Novarese, Inc. announced that they will report Q3, 2024 results on Nov 14, 2024Reported Earnings • Aug 19Second quarter 2024 earnings releasedSecond quarter 2024 results: EPS: JP¥9.56. Net income: JP¥239.0m (up JP¥239.0m from 2Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Consumer Services industry in Japan.分析記事 • Aug 07Novarese (TSE:9160) Seems To Be Using A Lot Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥261, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Consumer Services industry in Japan. Total loss to shareholders of 44% over the past year.お知らせ • Jun 06Novarese, Inc. to Report Q2, 2024 Results on Aug 14, 2024Novarese, Inc. announced that they will report Q2, 2024 results on Aug 14, 2024Reported Earnings • May 21First quarter 2024 earnings releasedFirst quarter 2024 results: JP¥10.36 loss per share. Net loss: JP¥259.0m (flat on 1Q 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Consumer Services industry in Japan.お知らせ • Apr 06Novarese, Inc. to Report Q1, 2024 Results on May 15, 2024Novarese, Inc. announced that they will report Q1, 2024 results on May 15, 2024Buy Or Sell Opportunity • Apr 03Now 20% undervaluedOver the last 90 days, the stock has risen 2.4% to JP¥301. The fair value is estimated to be JP¥376, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last year. Earnings per share has declined by 43%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 5.3% per annum over the same time period.Buy Or Sell Opportunity • Mar 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.1% to JP¥293. The fair value is estimated to be JP¥369, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last year. Earnings per share has declined by 100%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 5.3% per annum over the same time period.Buy Or Sell Opportunity • Feb 27Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to JP¥298. The fair value is estimated to be JP¥373, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last year. Earnings per share has declined by 100%.Reported Earnings • Feb 17Full year 2023 earnings released: EPS: JP¥37.69 (vs JP¥13,248 in FY 2022)Full year 2023 results: EPS: JP¥37.69 (down from JP¥13,248 in FY 2022). Revenue: JP¥18.3b (up 6.1% from FY 2022). Net income: JP¥942.3m (down 43% from FY 2022). Profit margin: 5.2% (down from 9.6% in FY 2022). The decrease in margin was driven by higher expenses.New Risk • Feb 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% 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: Minor Risks High level of debt (156% net debt to equity). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (JP¥7.83b market cap, or US$52.1m).お知らせ • Feb 14Novarese, Inc., Annual General Meeting, Mar 28, 2024Novarese, Inc., Annual General Meeting, Mar 28, 2024.お知らせ • Dec 30Novarese, Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024Novarese, Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024New Risk • Dec 12New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (156% net debt to equity). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (JP¥8.48b market cap, or US$58.0m).Valuation Update With 7 Day Price Move • Nov 20Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥315, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 21x in the Consumer Services industry in Japan.お知らせ • Nov 18Novarese, Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023Novarese, Inc. revised consolidated earnings guidance for the fiscal year ending December 31, 2023. For the year, the company now expects revenue of ¥18,035 million an operating profit of ¥1,509 million, Profit attributable to owners of the parent of ¥855 million or ¥34.24 basic per share against previous guidance of revenue of ¥20,114 million an operating profit of ¥3,082 million, Profit attributable to owners of the parent of ¥1,860 million or ¥74.43 basic per share.Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥391, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 18x in the Consumer Services industry in Japan.お知らせ • Sep 29Novarese, Inc. to Report Q3, 2023 Results on Nov 14, 2023Novarese, Inc. announced that they will report Q3, 2023 results on Nov 14, 2023Valuation Update With 7 Day Price Move • Aug 15Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥380, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 18x in the Consumer Services industry in Japan.お知らせ • Jul 01Novarese, Inc. has completed an IPO in the amount of ¥6.5289 billion.Novarese, Inc. has completed an IPO in the amount of ¥6.5289 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 8,308,000 Price\Range: ¥600 Discount Per Security: ¥42 Security Name: Common Stock Security Type: Common Stock Securities Offered: 2,573,500 Price\Range: ¥600 Discount Per Security: ¥42 Transaction Features: Sponsor Backed OfferingBoard Change • Jun 30No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. No independent directors (9 non-independent directors). Non Executive Director Junji Nakahara was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.株主還元9160JP Consumer ServicesJP 市場7D-0.4%-1.3%-0.2%1Y-9.9%1.1%43.7%株主還元を見る業界別リターン: 9160過去 1 年間で1.1 % の収益を上げたJP Consumer Services業界を下回りました。リターン対市場: 9160は、過去 1 年間で43.7 % のリターンを上げたJP市場を下回りました。価格変動Is 9160's price volatile compared to industry and market?9160 volatility9160 Average Weekly Movement2.9%Consumer Services Industry Average Movement3.8%Market Average Movement4.5%10% most volatile stocks in JP Market9.3%10% least volatile stocks in JP Market2.3%安定した株価: 9160 、 JP市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: 9160の 週次ボラティリティ ( 3% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト20001,099Hiroki Oginoonthepage.jp株式会社オン・ザ・ページは、国内外でブライダル事業を展開。会場案内、挙式当日のプランニング、料理や引き出物のセレクト、当日の運営など、挙式に関するサービスを提供している。また、「MONOLITH」「AMANDAN」「RENOVATION」「KIRANAH RESORT」ブランドの自社プロデュース施設、「NOVARESE」「ecruspose」ブランドのウエディングドレス・タキシード・和装の販売・レンタルを行うドレスショップ、挙式・披露宴の料理・ドリンクの提供や二次会・宴会の企画・アドバイスを行うレストラン、結婚式の準備をサポートするシステム「WEDO」の運営も行っている。また、ブライダル事業のコンサルティングやM&A、未閉鎖・未利用施設の活用、マーケットやBPRのコンサルティング、アイテム・パートナーシップの提供、会場運営者、金融機関、採用・研修担当者向けの教育・研修・採用コンサルティングなども行っている。また、写真・映像事業、生花事業、「ANDYOU DRESSING ROOM」の名称でパーティードレスのレンタル事業、広告代理店事業、海外挙式事業、ブライダル業界向け法律相談サービスの提供、人材紹介事業も行っている。旧社名は株式会社ノバレーゼで、2026年4月に株式会社オン・ザ・ページに商号変更した。株式会社オン・ザ・ページは2000年に設立され、中央区に本社を置いている。もっと見るON THE PAGE, Inc. 基礎のまとめON THE PAGE の収益と売上を時価総額と比較するとどうか。9160 基礎統計学時価総額JP¥10.73b収益（TTM）JP¥1.26b売上高(TTM)JP¥22.62b8.6xPER（株価収益率0.5xP/Sレシオ9160 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計9160 損益計算書（TTM）収益JP¥22.62b売上原価JP¥10.11b売上総利益JP¥12.51bその他の費用JP¥11.26b収益JP¥1.26b直近の収益報告Mar 31, 2026次回決算日Aug 14, 2026一株当たり利益（EPS）32.88グロス・マージン55.31%純利益率5.55%有利子負債／自己資本比率131.4%9160 の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/24 18:59終値2026/06/24 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋ON THE PAGE, Inc. 1 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Taro IshiharaDaiwa Securities Co. Ltd.Seiichiro SamejimaIchiyoshi Research Institute Inc.Kiyoshi MoriOkasan Securities Co. Ltd.
お知らせ • May 26+ 1 more updateON THE PAGE, Inc. to Report Q2, 2026 Results on Aug 14, 2026ON THE PAGE, Inc. announced that they will report Q2, 2026 results on Aug 14, 2026
分析記事 • May 22ON THE PAGE's (TSE:9160) Earnings Are Of Questionable QualityON THE PAGE, Inc.'s ( TSE:9160 ) robust earnings report didn't manage to move the market for its stock. Our analysis...
Reported Earnings • May 20First quarter 2026 earnings released: JP¥4.87 loss per share (vs JP¥4.84 loss in 1Q 2025)First quarter 2026 results: JP¥4.87 loss per share (further deteriorated from JP¥4.84 loss in 1Q 2025). Revenue: JP¥4.74b (up 14% from 1Q 2025). Net loss: JP¥122.0m (flat on 1Q 2025). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Consumer Services industry in Japan.
New Risk • Apr 14New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% 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 Risk Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risks High level of debt (89% net debt to equity). Market cap is less than US$100m (JP¥11.6b market cap, or US$73.0m).
お知らせ • Feb 16Novarese, Inc., Annual General Meeting, Mar 19, 2026Novarese, Inc., Annual General Meeting, Mar 19, 2026.
Reported Earnings • Feb 16Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: JP¥50.14 (up from JP¥26.52 in FY 2024). Revenue: JP¥22.0b (up 14% from FY 2024). Net income: JP¥1.26b (up 89% from FY 2024). Profit margin: 5.7% (up from 3.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Consumer Services industry in Japan.
お知らせ • May 26+ 1 more updateON THE PAGE, Inc. to Report Q2, 2026 Results on Aug 14, 2026ON THE PAGE, Inc. announced that they will report Q2, 2026 results on Aug 14, 2026
分析記事 • May 22ON THE PAGE's (TSE:9160) Earnings Are Of Questionable QualityON THE PAGE, Inc.'s ( TSE:9160 ) robust earnings report didn't manage to move the market for its stock. Our analysis...
Reported Earnings • May 20First quarter 2026 earnings released: JP¥4.87 loss per share (vs JP¥4.84 loss in 1Q 2025)First quarter 2026 results: JP¥4.87 loss per share (further deteriorated from JP¥4.84 loss in 1Q 2025). Revenue: JP¥4.74b (up 14% from 1Q 2025). Net loss: JP¥122.0m (flat on 1Q 2025). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Consumer Services industry in Japan.
New Risk • Apr 14New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 53% 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 Risk Shareholders have been substantially diluted in the past year (53% increase in shares outstanding). Minor Risks High level of debt (89% net debt to equity). Market cap is less than US$100m (JP¥11.6b market cap, or US$73.0m).
お知らせ • Feb 16Novarese, Inc., Annual General Meeting, Mar 19, 2026Novarese, Inc., Annual General Meeting, Mar 19, 2026.
Reported Earnings • Feb 16Full year 2025 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2025 results: EPS: JP¥50.14 (up from JP¥26.52 in FY 2024). Revenue: JP¥22.0b (up 14% from FY 2024). Net income: JP¥1.26b (up 89% from FY 2024). Profit margin: 5.7% (up from 3.4% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.0%. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 7.5% growth forecast for the Consumer Services industry in Japan.
お知らせ • Dec 27Novarese, Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026Novarese, Inc. announced that they will report fiscal year 2025 results on Feb 13, 2026
Reported Earnings • Nov 18Third quarter 2025 earnings released: JP¥5.46 loss per share (vs JP¥9.40 loss in 3Q 2024)Third quarter 2025 results: JP¥5.46 loss per share (improved from JP¥9.40 loss in 3Q 2024). Revenue: JP¥4.48b (up 9.8% from 3Q 2024). Net loss: JP¥137.0m (loss narrowed 42% from 3Q 2024). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Consumer Services industry in Japan.
お知らせ • Sep 27Novarese, Inc. to Report Q3, 2025 Results on Nov 14, 2025Novarese, Inc. announced that they will report Q3, 2025 results on Nov 14, 2025
Reported Earnings • Aug 16Second quarter 2025 earnings released: EPS: JP¥13.45 (vs JP¥9.56 in 2Q 2024)Second quarter 2025 results: EPS: JP¥13.45 (up from JP¥9.56 in 2Q 2024). Revenue: JP¥5.54b (up 16% from 2Q 2024). Net income: JP¥337.0m (up 41% from 2Q 2024). Profit margin: 6.1% (up from 5.0% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Consumer Services industry in Japan.
お知らせ • Jun 27Novarese, Inc. to Report Q2, 2025 Results on Aug 14, 2025Novarese, Inc. announced that they will report Q2, 2025 results on Aug 14, 2025
Reported Earnings • May 20First quarter 2025 earnings released: JP¥4.84 loss per share (vs JP¥10.36 loss in 1Q 2024)First quarter 2025 results: JP¥4.84 loss per share (improved from JP¥10.36 loss in 1Q 2024). Revenue: JP¥4.16b (up 13% from 1Q 2024). Net loss: JP¥121.0m (loss narrowed 53% from 1Q 2024). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Consumer Services industry in Japan.
お知らせ • Mar 29Novarese, Inc. to Report Q1, 2025 Results on May 15, 2025Novarese, Inc. announced that they will report Q1, 2025 results on May 15, 2025
お知らせ • Feb 17Novarese, Inc., Annual General Meeting, Mar 27, 2025Novarese, Inc., Annual General Meeting, Mar 27, 2025.
Reported Earnings • Feb 16Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: EPS: JP¥26.52 (down from JP¥37.68 in FY 2023). Revenue: JP¥19.3b (up 5.7% from FY 2023). Net income: JP¥663.0m (down 30% from FY 2023). Profit margin: 3.4% (down from 5.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 32%. Revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Consumer Services industry in Japan.
お知らせ • Jan 03Novarese, Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025Novarese, Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025
お知らせ • Aug 27Novarese, Inc. to Report Q3, 2024 Results on Nov 14, 2024Novarese, Inc. announced that they will report Q3, 2024 results on Nov 14, 2024
Reported Earnings • Aug 19Second quarter 2024 earnings releasedSecond quarter 2024 results: EPS: JP¥9.56. Net income: JP¥239.0m (up JP¥239.0m from 2Q 2023). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Consumer Services industry in Japan.
分析記事 • Aug 07Novarese (TSE:9160) Seems To Be Using A Lot Of DebtHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to JP¥261, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Consumer Services industry in Japan. Total loss to shareholders of 44% over the past year.
お知らせ • Jun 06Novarese, Inc. to Report Q2, 2024 Results on Aug 14, 2024Novarese, Inc. announced that they will report Q2, 2024 results on Aug 14, 2024
Reported Earnings • May 21First quarter 2024 earnings releasedFirst quarter 2024 results: JP¥10.36 loss per share. Net loss: JP¥259.0m (flat on 1Q 2023). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Consumer Services industry in Japan.
お知らせ • Apr 06Novarese, Inc. to Report Q1, 2024 Results on May 15, 2024Novarese, Inc. announced that they will report Q1, 2024 results on May 15, 2024
Buy Or Sell Opportunity • Apr 03Now 20% undervaluedOver the last 90 days, the stock has risen 2.4% to JP¥301. The fair value is estimated to be JP¥376, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last year. Earnings per share has declined by 43%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 5.3% per annum over the same time period.
Buy Or Sell Opportunity • Mar 19Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.1% to JP¥293. The fair value is estimated to be JP¥369, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last year. Earnings per share has declined by 100%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 5.3% per annum over the same time period.
Buy Or Sell Opportunity • Feb 27Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 17% to JP¥298. The fair value is estimated to be JP¥373, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.1% over the last year. Earnings per share has declined by 100%.
Reported Earnings • Feb 17Full year 2023 earnings released: EPS: JP¥37.69 (vs JP¥13,248 in FY 2022)Full year 2023 results: EPS: JP¥37.69 (down from JP¥13,248 in FY 2022). Revenue: JP¥18.3b (up 6.1% from FY 2022). Net income: JP¥942.3m (down 43% from FY 2022). Profit margin: 5.2% (down from 9.6% in FY 2022). The decrease in margin was driven by higher expenses.
New Risk • Feb 16New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.8% 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: Minor Risks High level of debt (156% net debt to equity). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (JP¥7.83b market cap, or US$52.1m).
お知らせ • Feb 14Novarese, Inc., Annual General Meeting, Mar 28, 2024Novarese, Inc., Annual General Meeting, Mar 28, 2024.
お知らせ • Dec 30Novarese, Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024Novarese, Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024
New Risk • Dec 12New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (156% net debt to equity). Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (JP¥8.48b market cap, or US$58.0m).
Valuation Update With 7 Day Price Move • Nov 20Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to JP¥315, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 21x in the Consumer Services industry in Japan.
お知らせ • Nov 18Novarese, Inc. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023Novarese, Inc. revised consolidated earnings guidance for the fiscal year ending December 31, 2023. For the year, the company now expects revenue of ¥18,035 million an operating profit of ¥1,509 million, Profit attributable to owners of the parent of ¥855 million or ¥34.24 basic per share against previous guidance of revenue of ¥20,114 million an operating profit of ¥3,082 million, Profit attributable to owners of the parent of ¥1,860 million or ¥74.43 basic per share.
Valuation Update With 7 Day Price Move • Oct 20Investor sentiment improves as stock rises 17%After last week's 17% share price gain to JP¥391, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 18x in the Consumer Services industry in Japan.
お知らせ • Sep 29Novarese, Inc. to Report Q3, 2023 Results on Nov 14, 2023Novarese, Inc. announced that they will report Q3, 2023 results on Nov 14, 2023
Valuation Update With 7 Day Price Move • Aug 15Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥380, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 18x in the Consumer Services industry in Japan.
お知らせ • Jul 01Novarese, Inc. has completed an IPO in the amount of ¥6.5289 billion.Novarese, Inc. has completed an IPO in the amount of ¥6.5289 billion. Security Name: Common Stock Security Type: Common Stock Securities Offered: 8,308,000 Price\Range: ¥600 Discount Per Security: ¥42 Security Name: Common Stock Security Type: Common Stock Securities Offered: 2,573,500 Price\Range: ¥600 Discount Per Security: ¥42 Transaction Features: Sponsor Backed Offering
Board Change • Jun 30No independent directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 11 experienced directors. 1 highly experienced director. No independent directors (9 non-independent directors). Non Executive Director Junji Nakahara was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment.
