Buy Or Sell Opportunity • Jun 02
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 2.4% to JP¥1,229. The fair value is estimated to be JP¥1,024, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 22%. Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Outside Director Yu Ouchi was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • May 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 6 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Outside Director Yu Ouchi was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 13
Full year 2026 earnings released: EPS: JP¥71.90 (vs JP¥174 in FY 2025) Full year 2026 results: EPS: JP¥71.90. Revenue: JP¥1.39b (up 16% from FY 2025). Net income: JP¥304.0m (up 25% from FY 2025). Profit margin: 22% (up from 20% in FY 2025). The increase in margin was driven by higher revenue. Board Change • Feb 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Yu Ouchi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Feb 05
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Yu Ouchi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 25
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Yu Ouchi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 14
First quarter 2026 earnings released: EPS: JP¥64.80 (vs JP¥98.98 in 1Q 2025) First quarter 2026 results: EPS: JP¥64.80 (down from JP¥98.98 in 1Q 2025). Revenue: JP¥311.0m (down 25% from 1Q 2025). Net income: JP¥91.0m (down 35% from 1Q 2025). Profit margin: 29% (down from 34% in 1Q 2025). The decrease in margin was driven by lower revenue. Board Change • May 28
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Yu Ouchi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Yu Ouchi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,519, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 10x in the Construction industry in Japan. Total returns to shareholders of 18% over the past year. Reported Earnings • Mar 15
Full year 2025 earnings released: EPS: JP¥174 (vs JP¥47.76 in FY 2024) Full year 2025 results: EPS: JP¥174 (up from JP¥47.76 in FY 2024). Revenue: JP¥1.19b (up 40% from FY 2024). Net income: JP¥244.0m (up 264% from FY 2024). Profit margin: 20% (up from 7.9% in FY 2024). The increase in margin was driven by higher revenue. Board Change • Mar 06
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Yu Ouchi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Dec 26
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% 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 Share price has been volatile over the past 3 months (5.3% average weekly change). Market cap is less than US$100m (JP¥2.07b market cap, or US$13.1m). Reported Earnings • Dec 14
Third quarter 2025 earnings released: EPS: JP¥38.45 (vs JP¥8.55 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥38.45 (up from JP¥8.55 loss in 3Q 2024). Revenue: JP¥262.0m (up 86% from 3Q 2024). Net income: JP¥54.0m (up JP¥66.0m from 3Q 2024). Profit margin: 21% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% 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 19
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Yu Ouchi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 17
Second quarter 2025 earnings released: JP¥0.71 loss per share (vs JP¥3.56 profit in 2Q 2024) Second quarter 2025 results: JP¥0.71 loss per share (down from JP¥3.56 profit in 2Q 2024). Revenue: JP¥186.0m (down 3.6% from 2Q 2024). Net loss: JP¥1.00m (down 120% from profit in 2Q 2024). Reported Earnings • Jun 17
First quarter 2025 earnings released: EPS: JP¥98.98 (vs JP¥30.01 in 1Q 2024) First quarter 2025 results: EPS: JP¥98.98 (up from JP¥30.01 in 1Q 2024). Revenue: JP¥415.0m (up 41% from 1Q 2024). Net income: JP¥139.0m (up 231% from 1Q 2024). Profit margin: 34% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Board Change • May 15
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Yu Ouchi was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Dec 27
Upcon Corporation has completed an IPO in the amount of ¥256 million. Upcon Corporation has completed an IPO in the amount of ¥256 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 200,000
Price\Range: ¥1280
Discount Per Security: ¥102.4