Board Change • 2h
Insufficient new 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. 1 highly experienced director. Independent Outside Director Etsuyoshi Izuda was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 13
Second quarter 2026 earnings released: EPS: JP¥55.89 (vs JP¥28.49 in 2Q 2025) Second quarter 2026 results: EPS: JP¥55.89 (up from JP¥28.49 in 2Q 2025). Revenue: JP¥759.0m (up 29% from 2Q 2025). Net income: JP¥102.0m (up 96% from 2Q 2025). Profit margin: 13% (up from 8.9% in 2Q 2025). The increase in margin was driven by higher revenue. Board Change • Feb 25
Insufficient new 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. 1 highly experienced director. Independent Outside Director Etsuyoshi Izuda was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Feb 05
Insufficient new 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. 1 highly experienced director. Independent Outside Director Etsuyoshi Izuda was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 25
Insufficient new 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. 1 highly experienced director. Independent Outside Director Etsuyoshi Izuda was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 14
Third quarter 2025 earnings released: EPS: JP¥21.92 (vs JP¥4.11 in 3Q 2024) Third quarter 2025 results: EPS: JP¥21.92 (up from JP¥4.11 in 3Q 2024). Revenue: JP¥461.0m (down 16% from 3Q 2024). Net income: JP¥40.0m (up 167% from 3Q 2024). Profit margin: 8.7% (up from 2.7% in 3Q 2024). The increase in margin was driven by lower expenses. Board Change • May 28
Insufficient new 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. 1 highly experienced director. Independent Outside Director Etsuyoshi Izuda was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 01
Insufficient new 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. 1 highly experienced director. Independent Outside Director Etsuyoshi Izuda was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 14
Second quarter 2025 earnings released: EPS: JP¥28.49 (vs JP¥58.08 in 2Q 2024) Second quarter 2025 results: EPS: JP¥28.49 (down from JP¥58.08 in 2Q 2024). Revenue: JP¥587.0m (up 9.1% from 2Q 2024). Net income: JP¥52.0m (down 1.9% from 2Q 2024). Profit margin: 8.9% (down from 9.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Board Change • Mar 06
Insufficient new 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. 1 highly experienced director. Independent Outside Director Etsuyoshi Izuda was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 17
Insufficient new 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. 1 highly experienced director. GM of Product Sales Department & Director Noriaki Takimoto was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Dec 14
First quarter 2025 earnings released: EPS: JP¥36.71 (vs JP¥1.10 in 1Q 2024) First quarter 2025 results: EPS: JP¥36.71 (up from JP¥1.10 in 1Q 2024). Revenue: JP¥613.0m (up 90% from 1Q 2024). Net income: JP¥67.0m (up JP¥66.0m from 1Q 2024). Profit margin: 11% (up from 0.3% in 1Q 2024). The increase in margin was driven by higher revenue. Board Change • Nov 19
Insufficient new 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. 1 highly experienced director. GM of Product Sales Department & Director Noriaki Takimoto was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. New Risk • Nov 07
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 6.4% 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: Major Risk High level of non-cash earnings (26% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (JP¥2.28b market cap, or US$14.8m). Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,299, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 12x in the Machinery industry in Japan. Total returns to shareholders of 13% over the past year. Reported Earnings • Sep 07
Full year 2024 earnings released: EPS: JP¥115 (vs JP¥313 in FY 2023) Full year 2024 results: EPS: JP¥115 (down from JP¥313 in FY 2023). Revenue: JP¥2.47b (up 3.5% from FY 2023). Net income: JP¥210.0m (down 24% from FY 2023). Profit margin: 8.5% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,060, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 12x in the Machinery industry in Japan. Total loss to shareholders of 15% over the past year. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥885, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 11x in the Machinery industry in Japan. Total loss to shareholders of 28% over the past year. New Risk • Jun 17
New major risk - Revenue and earnings growth Revenue has declined by 4.9% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Risk Revenue has declined by 4.9% over the past year. Minor Risks Profit margins are more than 30% lower than last year (6.1% net profit margin). Market cap is less than US$100m (JP¥1.99b market cap, or US$12.6m). Reported Earnings • Jun 17
Third quarter 2024 earnings released: EPS: JP¥4.11 (vs JP¥62.44 in 3Q 2023) Third quarter 2024 results: EPS: JP¥4.11 (down from JP¥62.44 in 3Q 2023). Revenue: JP¥551.0m (down 14% from 3Q 2023). Net income: JP¥15.0m (down 74% from 3Q 2023). Profit margin: 2.7% (down from 8.9% in 3Q 2023). The decrease in margin was driven by lower revenue. New Risk • Jun 12
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 5.5% 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 (5.5% average weekly change). Market cap is less than US$100m (JP¥2.06b market cap, or US$13.1m). Board Change • May 15
Insufficient new 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. 1 highly experienced director. GM of Product Sales Department & Director Noriaki Takimoto was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.