View Future GrowthConvano 과거 순이익 실적과거 기준 점검 0/6Convano은 연평균 40.6%의 비율로 수입이 증가해 온 반면, Consumer Services 산업은 연평균 18%의 비율로 증가했습니다. 매출은 연평균 41.7%의 비율로 증가했습니다.핵심 정보40.57%순이익 성장률34.03%주당순이익(EPS) 성장률Consumer Services 산업 성장률10.16%매출 성장률41.72%자기자본이익률-8.64%순이익률-6.13%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트Reported Earnings • May 21Full year 2026 earnings released: JP¥2.01 loss per share (vs JP¥0.18 profit in FY 2025)Full year 2026 results: JP¥2.01 loss per share (down from JP¥0.18 profit in FY 2025). Revenue: JP¥15.5b (up 378% from FY 2025). Net loss: JP¥950.0m (down JP¥1.03b from profit in FY 2025). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 144% per year, which means it is tracking significantly ahead of earnings growth.공시 • May 09Convano Inc. to Report Fiscal Year 2026 Results on May 15, 2026Convano Inc. announced that they will report fiscal year 2026 results on May 15, 2026공시 • Jan 06Convano Inc. to Report Q3, 2026 Results on Feb 13, 2026Convano Inc. announced that they will report Q3, 2026 results on Feb 13, 2026분석 기사 • Nov 20We Think That There Are Issues Underlying Convano's (TSE:6574) EarningsDespite announcing strong earnings, Convano Inc.'s ( TSE:6574 ) stock was sluggish. We think that the market might be...공시 • Oct 07Convano Inc. to Report Q2, 2026 Results on Nov 13, 2025Convano Inc. announced that they will report Q2, 2026 results on Nov 13, 2025공시 • Jul 03Convano Inc. to Report Q1, 2026 Results on Aug 15, 2025Convano Inc. announced that they will report Q1, 2026 results on Aug 15, 2025모든 업데이트 보기Recent updatesReported Earnings • May 21Full year 2026 earnings released: JP¥2.01 loss per share (vs JP¥0.18 profit in FY 2025)Full year 2026 results: JP¥2.01 loss per share (down from JP¥0.18 profit in FY 2025). Revenue: JP¥15.5b (up 378% from FY 2025). Net loss: JP¥950.0m (down JP¥1.03b from profit in FY 2025). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 144% per year, which means it is tracking significantly ahead of earnings growth.공시 • May 18Convano Inc., Annual General Meeting, Jun 27, 2026Convano Inc., Annual General Meeting, Jun 27, 2026.공시 • May 09Convano Inc. to Report Fiscal Year 2026 Results on May 15, 2026Convano Inc. announced that they will report fiscal year 2026 results on May 15, 2026Valuation Update With 7 Day Price Move • Feb 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥124, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 16x in the Consumer Services industry in Japan. Total returns to shareholders of 2,351% over the past three years.분석 기사 • Feb 03Convano (TSE:6574) Seems To Use Debt Quite SensiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...분석 기사 • Jan 07Investors Appear Satisfied With Convano Inc.'s (TSE:6574) Prospects As Shares Rocket 36%Convano Inc. ( TSE:6574 ) shareholders are no doubt pleased to see that the share price has bounced 36% in the last...Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥136, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 16x in the Consumer Services industry in Japan. Total returns to shareholders of 2,687% over the past three years.공시 • Jan 06Convano Inc. to Report Q3, 2026 Results on Feb 13, 2026Convano Inc. announced that they will report Q3, 2026 results on Feb 13, 2026New Risk • Nov 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 (21% average weekly change). High level of non-cash earnings (168% accrual ratio). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding).Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥124, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 16x in the Consumer Services industry in Japan. Total returns to shareholders of 2,380% over the past three years.분석 기사 • Nov 23With A 34% Price Drop For Convano Inc. (TSE:6574) You'll Still Get What You Pay ForTo the annoyance of some shareholders, Convano Inc. ( TSE:6574 ) shares are down a considerable 34% in the last month...분석 기사 • Nov 20We Think That There Are Issues Underlying Convano's (TSE:6574) EarningsDespite announcing strong earnings, Convano Inc.'s ( TSE:6574 ) stock was sluggish. We think that the market might be...분석 기사 • Nov 18Returns On Capital Are Showing Encouraging Signs At Convano (TSE:6574)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...New Risk • Nov 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 168% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). High level of non-cash earnings (168% accrual ratio).공시 • Oct 24Convano Inc. (TSE:6574) announces an Equity Buyback for 500,000 shares, representing 0.1% for ¥200 million.Convano Inc. (TSE:6574) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 0.1% of its issued share capital, for ¥200 million. The purpose of the program is to strengthen shareholder returns and maximize shareholder value by responding flexibly to the current market environment and improving capital efficiency (ROE, value per share), while adhering to our basic policy of growth investment. The program is subject to approval from extraordinary general meeting of shareholders. The program will expire on January 31, 2026. As of October 24, 2025, the company had 509,156,000 shares (excluding treasury stock) in issue and 20,100 shares in treasury.분석 기사 • Oct 09What You Can Learn From Convano Inc.'s (TSE:6574) P/S After Its 42% Share Price CrashConvano Inc. ( TSE:6574 ) shares have retraced a considerable 42% in the last month, reversing a fair amount of their...공시 • Oct 07Convano Inc. to Report Q2, 2026 Results on Nov 13, 2025Convano Inc. announced that they will report Q2, 2026 results on Nov 13, 2025New Risk • Aug 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥11.3b (US$76.2m) This is considered a minor 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 Share price has been highly volatile over the past 3 months (21% average weekly change). Minor Risk Market cap is less than US$100m (JP¥11.3b market cap, or US$76.2m).분석 기사 • Aug 24Convano Inc. (TSE:6574) Stocks Shoot Up 225% But Its P/S Still Looks ReasonableConvano Inc. ( TSE:6574 ) shares have continued their recent momentum with a 225% gain in the last month alone. The...공시 • Jul 03Convano Inc. to Report Q1, 2026 Results on Aug 15, 2025Convano Inc. announced that they will report Q1, 2026 results on Aug 15, 2025분석 기사 • Jul 02After Leaping 43% Convano Inc. (TSE:6574) Shares Are Not Flying Under The RadarDespite an already strong run, Convano Inc. ( TSE:6574 ) shares have been powering on, with a gain of 43% in the last...공시 • Jul 02Convano Inc. announced that it expects to receive ¥26.6 million in funding from Dimensional Co., Ltd.Convano Inc. announced a private placement to issue 7,000 units of 4th series of stock acquisition rights through third-party allotment to Dimensional Co., Ltd at an issue price of ¥3,800 per right for gross proceeds of ¥26,600,000 on June 30, 2025. The transaction has been approved by shareholders, expected to close on July 16, 2025. The company has disclosed the Amount of funds to be raised, use, and planned time of expenditure Amount of funds to be raised by the issuance of the stock acquisition rights (estimated net proceeds) Total amount of payment: ¥6,018,600,000, Total amount of payment for the stock acquisition rights: ¥26,600,000, Value of assets to be contributed when the stock acquisition rights are exercised: ¥5,992,000,000, Estimated issuance expenses: ¥8,000,000 and Estimated net proceeds: ¥6,010,600,000. The initial exercise price will be ¥8,560 The exercise period is from July 16, 2025 to July 15, 2027.분석 기사 • Jun 11Is Convano (TSE:6574) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Reported Earnings • May 20Full year 2025 earnings released: EPS: JP¥17.76 (vs JP¥77.05 loss in FY 2024)Full year 2025 results: EPS: JP¥17.76 (up from JP¥77.05 loss in FY 2024). Revenue: JP¥3.24b (up 25% from FY 2024). Net income: JP¥77.0m (up JP¥275.0m from FY 2024). Profit margin: 2.4% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 86% per year, which means it is well ahead of earnings.분석 기사 • May 16There's Reason For Concern Over Convano Inc.'s (TSE:6574) Massive 35% Price JumpThe Convano Inc. ( TSE:6574 ) share price has done very well over the last month, posting an excellent gain of 35%. The...공시 • May 16Convano Inc., Annual General Meeting, Jun 27, 2025Convano Inc., Annual General Meeting, Jun 27, 2025.New Risk • May 16New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.6% 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 Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings have declined by 23% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥11.0b market cap, or US$75.9m).공시 • Mar 29Convano Inc. to Report Fiscal Year 2025 Results on May 15, 2025Convano Inc. announced that they will report fiscal year 2025 results on May 15, 2025Reported Earnings • Feb 16Third quarter 2025 earnings released: EPS: JP¥7.61 (vs JP¥0.33 loss in 3Q 2024)Third quarter 2025 results: EPS: JP¥7.61 (up from JP¥0.33 loss in 3Q 2024). Revenue: JP¥827.0m (up 28% from 3Q 2024). Net income: JP¥33.0m (up JP¥33.0m from 3Q 2024). Profit margin: 4.0% (up from 0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 125 percentage points per year, which is a significant difference in performance.공시 • Jan 17Convano Inc. to Report Q3, 2025 Results on Feb 14, 2025Convano Inc. announced that they will report Q3, 2025 results on Feb 14, 2025공시 • Oct 01Convano Inc. to Report Q2, 2025 Results on Nov 14, 2024Convano Inc. announced that they will report Q2, 2025 results on Nov 14, 2024Buy Or Sell Opportunity • Aug 13Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 4.8% to JP¥1,451. The fair value is estimated to be JP¥1,120, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 15%.공시 • Jun 28Convano Inc. to Report Q1, 2025 Results on Aug 09, 2024Convano Inc. announced that they will report Q1, 2025 results on Aug 09, 2024Buy Or Sell Opportunity • May 15Now 40% overvalued after recent price riseOver the last 90 days, the stock has risen 54% to JP¥1,384. The fair value is estimated to be JP¥986, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 15%.Reported Earnings • May 13Full year 2024 earnings released: JP¥77.05 loss per share (vs JP¥14.98 loss in FY 2023)Full year 2024 results: JP¥77.05 loss per share (further deteriorated from JP¥14.98 loss in FY 2023). Revenue: JP¥2.59b (up 11% from FY 2023). Net loss: JP¥198.0m (loss widened 482% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.공시 • May 12Convano Inc., Annual General Meeting, Jun 27, 2024Convano Inc., Annual General Meeting, Jun 27, 2024.New Risk • Apr 18New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.7% 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 Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 7.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risks High level of debt (54% net debt to equity). Market cap is less than US$100m (JP¥4.03b market cap, or US$26.1m).Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 37%After last week's 37% share price gain to JP¥930, the stock trades at a trailing P/E ratio of 52.3x. Average trailing P/E is 18x in the Consumer Services industry in Japan. Total returns to shareholders of 53% over the past three years.공시 • Mar 06Convano Inc. to Report Fiscal Year 2024 Results on May 10, 2024Convano Inc. announced that they will report fiscal year 2024 results on May 10, 2024Reported Earnings • Feb 17Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: JP¥646.0m (up 7.5% from 3Q 2023). Net income: JP¥0 (up JP¥3.00m from 3Q 2023). Profit margin: 0% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.New Risk • Feb 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 91% 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risks High level of debt (54% net debt to equity). Market cap is less than US$100m (JP¥3.50b market cap, or US$23.4m).공시 • Feb 08Convano Inc. announced that it has received ¥1.03 billion in fundingOn February 8, 2024, Convano Inc. closed the transaction. The transaction has been approved at the extraordinary general meeting of shareholders.공시 • Dec 15Convano Inc. to Report Q3, 2024 Results on Feb 14, 2024Convano Inc. announced that they will report Q3, 2024 results on Feb 14, 2024Valuation Update With 7 Day Price Move • Nov 21Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to JP¥468, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 21x in the Consumer Services industry in Japan. Total loss to shareholders of 20% over the past three years.공시 • Aug 20Convano Inc. to Report Q2, 2024 Results on Nov 13, 2023Convano Inc. announced that they will report Q2, 2024 results on Nov 13, 2023Reported Earnings • Aug 12First quarter 2024 earnings released: EPS: JP¥3.52 (vs JP¥16.31 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥3.52 (up from JP¥16.31 loss in 1Q 2023). Revenue: JP¥651.0m (up 23% from 1Q 2023). Net income: JP¥8.00m (up JP¥45.0m from 1Q 2023). Profit margin: 1.2% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.New Risk • Jul 12New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: JP¥1.39b (US$9.97m) 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (JP¥1.39b market cap, or US$9.97m).공시 • Jun 12Convano Inc. to Report Q1, 2024 Results on Aug 10, 2023Convano Inc. announced that they will report Q1, 2024 results on Aug 10, 2023Reported Earnings • May 17Full year 2023 earnings released: JP¥14.98 loss per share (vs JP¥22.51 profit in FY 2022)Full year 2023 results: JP¥14.98 loss per share (down from JP¥22.51 profit in FY 2022). Revenue: JP¥2.33b (up 8.8% from FY 2022). Net loss: JP¥34.0m (down 167% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 12Third quarter 2023 earnings released: JP¥1.32 loss per share (vs JP¥14.11 profit in 3Q 2022)Third quarter 2023 results: JP¥1.32 loss per share (down from JP¥14.11 profit in 3Q 2022). Revenue: JP¥602.0m (up 13% from 3Q 2022). Net loss: JP¥3.00m (down 109% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.공시 • Dec 02Convano Inc. to Report Q3, 2023 Results on Feb 10, 2023Convano Inc. announced that they will report Q3, 2023 results on Feb 10, 2023Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Outside Director Akiko Ito was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 13Second quarter 2023 earnings released: JP¥6.61 loss per share (vs JP¥19.85 profit in 2Q 2022)Second quarter 2023 results: JP¥6.61 loss per share (down from JP¥19.85 profit in 2Q 2022). Revenue: JP¥574.0m (flat on 2Q 2022). Net loss: JP¥15.0m (down 133% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.공시 • Aug 31Convano Inc. to Report Q2, 2023 Results on Nov 11, 2022Convano Inc. announced that they will report Q2, 2023 results on Nov 11, 2022Reported Earnings • Aug 15First quarter 2023 earnings released: JP¥16.31 loss per share (vs JP¥12.38 profit in 1Q 2022)First quarter 2023 results: JP¥16.31 loss per share (down from JP¥12.38 profit in 1Q 2022). Revenue: JP¥530.0m (down 1.1% from 1Q 2022). Net loss: JP¥37.0m (down 232% from profit in 1Q 2022). 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 13% per year, which means it is performing significantly worse than earnings.공시 • Jun 10Convano Inc. to Report Q1, 2023 Results on Aug 12, 2022Convano Inc. announced that they will report Q1, 2023 results on Aug 12, 2022Reported Earnings • May 15Full year 2022 earnings released: EPS: JP¥22.51 (vs JP¥96.11 loss in FY 2021)Full year 2022 results: EPS: JP¥22.51 (up from JP¥96.11 loss in FY 2021). Revenue: JP¥2.14b (up 33% from FY 2021). Net income: JP¥51.0m (up JP¥267.0m from FY 2021). Profit margin: 2.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year.공시 • May 14Convano Inc., Annual General Meeting, Jun 29, 2022Convano Inc., Annual General Meeting, Jun 29, 2022.Board Change • Apr 27Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 4 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Corporate Auditor Yasuaki Sumikawa is the most experienced director on the board, commencing their role in 2014. Independent Outside Director Akiko Ito was the last independent 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: Minority of independent directors. Lack of experienced directors.공시 • Apr 08Convano Inc. to Report Fiscal Year 2022 Results on May 12, 2022Convano Inc. announced that they will report fiscal year 2022 results on May 12, 2022Reported Earnings • Feb 12Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: JP¥14.11 (up from JP¥1.78 in 3Q 2021). Revenue: JP¥533.0m (up 3.9% from 3Q 2021). Net income: JP¥32.0m (up JP¥28.0m from 3Q 2021). Profit margin: 6.0% (up from 0.8% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Nov 30Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to JP¥691, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 18x in the Consumer Services industry in Japan. Total loss to shareholders of 38% over the past three years.Reported Earnings • Nov 12Second quarter 2022 earnings released: EPS JP¥20.29 (vs JP¥38.70 loss in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥571.0m (up 28% from 2Q 2021). Net income: JP¥46.0m (up JP¥133.0m from 2Q 2021). Profit margin: 8.1% (up from net loss in 2Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improved over the past weekAfter last week's 25% share price gain to JP¥910, the stock trades at a trailing P/E ratio of 73.7x. Average trailing P/E is 26x in the Consumer Services industry in Japan. Total loss to shareholders of 47% over the past three years.Reported Earnings • Aug 15First quarter 2022 earnings released: EPS JP¥12.38 (vs JP¥96.28 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥536.0m (up 225% from 1Q 2021). Net income: JP¥28.0m (up JP¥244.0m from 1Q 2021). Profit margin: 5.2% (up from net loss in 1Q 2021).Reported Earnings • May 16Full year 2021 earnings released: JP¥96.11 loss per share (vs JP¥50.17 profit in FY 2020)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥1.62b (down 33% from FY 2020). Net loss: JP¥216.0m (down 293% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.공시 • Mar 04Convano Inc. to Report Fiscal Year 2021 Results on May 13, 2021Convano Inc. announced that they will report fiscal year 2021 results on May 13, 2021Is New 90 Day High Low • Feb 15New 90-day high: JP¥602The company is up 4.0% from its price of JP¥580 on 17 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Services industry, which is flat over the same period.Reported Earnings • Feb 14Third quarter 2021 earnings released: EPS JP¥2.22 (vs JP¥12.97 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥514.0m (down 15% from 3Q 2020). Net income: JP¥5.00m (down 83% from 3Q 2020). Profit margin: 1.0% (down from 4.8% in 3Q 2020). The decrease in margin was driven by lower revenue.Is New 90 Day High Low • Jan 29New 90-day low: JP¥513The company is down 24% from its price of JP¥675 on 30 October 2020. The Japanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is down 2.0% over the same period.Is New 90 Day High Low • Dec 22New 90-day low: JP¥528The company is down 27% from its price of JP¥720 on 23 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 Services industry, which is down 8.0% over the same period.Is New 90 Day High Low • Dec 07New 90-day low: JP¥578The company is down 19% from its price of JP¥718 on 08 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is down 3.0% over the same period.공시 • Nov 20Convano Inc. to Report Q3, 2021 Results on Feb 09, 2021Convano Inc. announced that they will report Q3, 2021 results on Feb 09, 2021공시 • Aug 30Convano Inc. to Report Q2, 2021 Results on Nov 12, 2020Convano Inc. announced that they will report Q2, 2021 results on Nov 12, 2020공시 • Jun 28Convano Inc. to Report Q1, 2021 Results on Aug 11, 2020Convano Inc. announced that they will report Q1, 2021 results on Aug 11, 2020매출 및 비용 세부 내역Convano가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSE:6574 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비31 Mar 2615,500-9501,792031 Dec 2510,0953,1201,363030 Sep 255,5801,4581,141031 Mar 253,240771,079031 Dec 242,950-3401,188030 Sep 242,770-3741,118031 Mar 242,588-198933031 Dec 232,60277843030 Sep 232,55775829030 Jun 232,45111848031 Mar 232,330-34841031 Dec 222,208-110815030 Sep 222,139-75774030 Jun 222,136-14719031 Mar 222,14251688031 Dec 212,128188681030 Sep 212,109161678030 Jun 211,98728695031 Mar 211,616-216704031 Dec 201,697-289728030 Sep 201,790-264754030 Jun 201,999-121749031 Mar 202,414112752031 Dec 192,377111765030 Sep 192,327108744030 Jun 192,271100738031 Mar 192,24888738031 Dec 182,21891735031 Mar 182,00990672031 Mar 171,78763583031 Mar 161,423-45130양질의 수익: 6574 은(는) 현재 수익성이 없습니다.이익 마진 증가: 6574는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 6574는 수익성이 없지만 지난 5년 동안 연평균 40.6%의 속도로 손실을 줄였습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 6574의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: 6574은 수익성이 없어 지난 해 수익 성장률을 Consumer Services 업계(16%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: 6574는 현재 수익성이 없으므로 자본 수익률이 음수(-8.64%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YConsumer-services 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 07:55종가2026/05/22 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Convano Inc.는 4명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Masumi OishiIchiyoshi Research Institute Inc.Kenji SakaiMizuho Securities Co., Ltd.Toshinori KatsukiNomura Securities Co. Ltd.1명의 분석가 더 보기
Reported Earnings • May 21Full year 2026 earnings released: JP¥2.01 loss per share (vs JP¥0.18 profit in FY 2025)Full year 2026 results: JP¥2.01 loss per share (down from JP¥0.18 profit in FY 2025). Revenue: JP¥15.5b (up 378% from FY 2025). Net loss: JP¥950.0m (down JP¥1.03b from profit in FY 2025). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 144% per year, which means it is tracking significantly ahead of earnings growth.
공시 • May 09Convano Inc. to Report Fiscal Year 2026 Results on May 15, 2026Convano Inc. announced that they will report fiscal year 2026 results on May 15, 2026
공시 • Jan 06Convano Inc. to Report Q3, 2026 Results on Feb 13, 2026Convano Inc. announced that they will report Q3, 2026 results on Feb 13, 2026
분석 기사 • Nov 20We Think That There Are Issues Underlying Convano's (TSE:6574) EarningsDespite announcing strong earnings, Convano Inc.'s ( TSE:6574 ) stock was sluggish. We think that the market might be...
공시 • Oct 07Convano Inc. to Report Q2, 2026 Results on Nov 13, 2025Convano Inc. announced that they will report Q2, 2026 results on Nov 13, 2025
공시 • Jul 03Convano Inc. to Report Q1, 2026 Results on Aug 15, 2025Convano Inc. announced that they will report Q1, 2026 results on Aug 15, 2025
Reported Earnings • May 21Full year 2026 earnings released: JP¥2.01 loss per share (vs JP¥0.18 profit in FY 2025)Full year 2026 results: JP¥2.01 loss per share (down from JP¥0.18 profit in FY 2025). Revenue: JP¥15.5b (up 378% from FY 2025). Net loss: JP¥950.0m (down JP¥1.03b from profit in FY 2025). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has increased by 144% per year, which means it is tracking significantly ahead of earnings growth.
공시 • May 18Convano Inc., Annual General Meeting, Jun 27, 2026Convano Inc., Annual General Meeting, Jun 27, 2026.
공시 • May 09Convano Inc. to Report Fiscal Year 2026 Results on May 15, 2026Convano Inc. announced that they will report fiscal year 2026 results on May 15, 2026
Valuation Update With 7 Day Price Move • Feb 23Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to JP¥124, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 16x in the Consumer Services industry in Japan. Total returns to shareholders of 2,351% over the past three years.
분석 기사 • Feb 03Convano (TSE:6574) Seems To Use Debt Quite SensiblyHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
분석 기사 • Jan 07Investors Appear Satisfied With Convano Inc.'s (TSE:6574) Prospects As Shares Rocket 36%Convano Inc. ( TSE:6574 ) shareholders are no doubt pleased to see that the share price has bounced 36% in the last...
Valuation Update With 7 Day Price Move • Jan 07Investor sentiment improves as stock rises 21%After last week's 21% share price gain to JP¥136, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 16x in the Consumer Services industry in Japan. Total returns to shareholders of 2,687% over the past three years.
공시 • Jan 06Convano Inc. to Report Q3, 2026 Results on Feb 13, 2026Convano Inc. announced that they will report Q3, 2026 results on Feb 13, 2026
New Risk • Nov 30New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% 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 (21% average weekly change). High level of non-cash earnings (168% accrual ratio). Minor Risk Shareholders have been diluted in the past year (17% increase in shares outstanding).
Valuation Update With 7 Day Price Move • Nov 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to JP¥124, the stock trades at a trailing P/E ratio of 36.9x. Average trailing P/E is 16x in the Consumer Services industry in Japan. Total returns to shareholders of 2,380% over the past three years.
분석 기사 • Nov 23With A 34% Price Drop For Convano Inc. (TSE:6574) You'll Still Get What You Pay ForTo the annoyance of some shareholders, Convano Inc. ( TSE:6574 ) shares are down a considerable 34% in the last month...
분석 기사 • Nov 20We Think That There Are Issues Underlying Convano's (TSE:6574) EarningsDespite announcing strong earnings, Convano Inc.'s ( TSE:6574 ) stock was sluggish. We think that the market might be...
분석 기사 • Nov 18Returns On Capital Are Showing Encouraging Signs At Convano (TSE:6574)Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
New Risk • Nov 17New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 168% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (24% average weekly change). High level of non-cash earnings (168% accrual ratio).
공시 • Oct 24Convano Inc. (TSE:6574) announces an Equity Buyback for 500,000 shares, representing 0.1% for ¥200 million.Convano Inc. (TSE:6574) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 0.1% of its issued share capital, for ¥200 million. The purpose of the program is to strengthen shareholder returns and maximize shareholder value by responding flexibly to the current market environment and improving capital efficiency (ROE, value per share), while adhering to our basic policy of growth investment. The program is subject to approval from extraordinary general meeting of shareholders. The program will expire on January 31, 2026. As of October 24, 2025, the company had 509,156,000 shares (excluding treasury stock) in issue and 20,100 shares in treasury.
분석 기사 • Oct 09What You Can Learn From Convano Inc.'s (TSE:6574) P/S After Its 42% Share Price CrashConvano Inc. ( TSE:6574 ) shares have retraced a considerable 42% in the last month, reversing a fair amount of their...
공시 • Oct 07Convano Inc. to Report Q2, 2026 Results on Nov 13, 2025Convano Inc. announced that they will report Q2, 2026 results on Nov 13, 2025
New Risk • Aug 27New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: JP¥11.3b (US$76.2m) This is considered a minor 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 Share price has been highly volatile over the past 3 months (21% average weekly change). Minor Risk Market cap is less than US$100m (JP¥11.3b market cap, or US$76.2m).
분석 기사 • Aug 24Convano Inc. (TSE:6574) Stocks Shoot Up 225% But Its P/S Still Looks ReasonableConvano Inc. ( TSE:6574 ) shares have continued their recent momentum with a 225% gain in the last month alone. The...
공시 • Jul 03Convano Inc. to Report Q1, 2026 Results on Aug 15, 2025Convano Inc. announced that they will report Q1, 2026 results on Aug 15, 2025
분석 기사 • Jul 02After Leaping 43% Convano Inc. (TSE:6574) Shares Are Not Flying Under The RadarDespite an already strong run, Convano Inc. ( TSE:6574 ) shares have been powering on, with a gain of 43% in the last...
공시 • Jul 02Convano Inc. announced that it expects to receive ¥26.6 million in funding from Dimensional Co., Ltd.Convano Inc. announced a private placement to issue 7,000 units of 4th series of stock acquisition rights through third-party allotment to Dimensional Co., Ltd at an issue price of ¥3,800 per right for gross proceeds of ¥26,600,000 on June 30, 2025. The transaction has been approved by shareholders, expected to close on July 16, 2025. The company has disclosed the Amount of funds to be raised, use, and planned time of expenditure Amount of funds to be raised by the issuance of the stock acquisition rights (estimated net proceeds) Total amount of payment: ¥6,018,600,000, Total amount of payment for the stock acquisition rights: ¥26,600,000, Value of assets to be contributed when the stock acquisition rights are exercised: ¥5,992,000,000, Estimated issuance expenses: ¥8,000,000 and Estimated net proceeds: ¥6,010,600,000. The initial exercise price will be ¥8,560 The exercise period is from July 16, 2025 to July 15, 2027.
분석 기사 • Jun 11Is Convano (TSE:6574) A Risky Investment?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Reported Earnings • May 20Full year 2025 earnings released: EPS: JP¥17.76 (vs JP¥77.05 loss in FY 2024)Full year 2025 results: EPS: JP¥17.76 (up from JP¥77.05 loss in FY 2024). Revenue: JP¥3.24b (up 25% from FY 2024). Net income: JP¥77.0m (up JP¥275.0m from FY 2024). Profit margin: 2.4% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has increased by 86% per year, which means it is well ahead of earnings.
분석 기사 • May 16There's Reason For Concern Over Convano Inc.'s (TSE:6574) Massive 35% Price JumpThe Convano Inc. ( TSE:6574 ) share price has done very well over the last month, posting an excellent gain of 35%. The...
공시 • May 16Convano Inc., Annual General Meeting, Jun 27, 2025Convano Inc., Annual General Meeting, Jun 27, 2025.
New Risk • May 16New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.6% 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 Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings have declined by 23% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥11.0b market cap, or US$75.9m).
공시 • Mar 29Convano Inc. to Report Fiscal Year 2025 Results on May 15, 2025Convano Inc. announced that they will report fiscal year 2025 results on May 15, 2025
Reported Earnings • Feb 16Third quarter 2025 earnings released: EPS: JP¥7.61 (vs JP¥0.33 loss in 3Q 2024)Third quarter 2025 results: EPS: JP¥7.61 (up from JP¥0.33 loss in 3Q 2024). Revenue: JP¥827.0m (up 28% from 3Q 2024). Net income: JP¥33.0m (up JP¥33.0m from 3Q 2024). Profit margin: 4.0% (up from 0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 125 percentage points per year, which is a significant difference in performance.
공시 • Jan 17Convano Inc. to Report Q3, 2025 Results on Feb 14, 2025Convano Inc. announced that they will report Q3, 2025 results on Feb 14, 2025
공시 • Oct 01Convano Inc. to Report Q2, 2025 Results on Nov 14, 2024Convano Inc. announced that they will report Q2, 2025 results on Nov 14, 2024
Buy Or Sell Opportunity • Aug 13Now 30% overvalued after recent price riseOver the last 90 days, the stock has risen 4.8% to JP¥1,451. The fair value is estimated to be JP¥1,120, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 15%.
공시 • Jun 28Convano Inc. to Report Q1, 2025 Results on Aug 09, 2024Convano Inc. announced that they will report Q1, 2025 results on Aug 09, 2024
Buy Or Sell Opportunity • May 15Now 40% overvalued after recent price riseOver the last 90 days, the stock has risen 54% to JP¥1,384. The fair value is estimated to be JP¥986, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has declined by 15%.
Reported Earnings • May 13Full year 2024 earnings released: JP¥77.05 loss per share (vs JP¥14.98 loss in FY 2023)Full year 2024 results: JP¥77.05 loss per share (further deteriorated from JP¥14.98 loss in FY 2023). Revenue: JP¥2.59b (up 11% from FY 2023). Net loss: JP¥198.0m (loss widened 482% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
공시 • May 12Convano Inc., Annual General Meeting, Jun 27, 2024Convano Inc., Annual General Meeting, Jun 27, 2024.
New Risk • Apr 18New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.7% 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 Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 7.2% per year over the past 5 years. Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risks High level of debt (54% net debt to equity). Market cap is less than US$100m (JP¥4.03b market cap, or US$26.1m).
Valuation Update With 7 Day Price Move • Apr 18Investor sentiment improves as stock rises 37%After last week's 37% share price gain to JP¥930, the stock trades at a trailing P/E ratio of 52.3x. Average trailing P/E is 18x in the Consumer Services industry in Japan. Total returns to shareholders of 53% over the past three years.
공시 • Mar 06Convano Inc. to Report Fiscal Year 2024 Results on May 10, 2024Convano Inc. announced that they will report fiscal year 2024 results on May 10, 2024
Reported Earnings • Feb 17Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: JP¥646.0m (up 7.5% from 3Q 2023). Net income: JP¥0 (up JP¥3.00m from 3Q 2023). Profit margin: 0% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
New Risk • Feb 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 91% 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 Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 12% per year over the past 5 years. Shareholders have been substantially diluted in the past year (91% increase in shares outstanding). Minor Risks High level of debt (54% net debt to equity). Market cap is less than US$100m (JP¥3.50b market cap, or US$23.4m).
공시 • Feb 08Convano Inc. announced that it has received ¥1.03 billion in fundingOn February 8, 2024, Convano Inc. closed the transaction. The transaction has been approved at the extraordinary general meeting of shareholders.
공시 • Dec 15Convano Inc. to Report Q3, 2024 Results on Feb 14, 2024Convano Inc. announced that they will report Q3, 2024 results on Feb 14, 2024
Valuation Update With 7 Day Price Move • Nov 21Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to JP¥468, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 21x in the Consumer Services industry in Japan. Total loss to shareholders of 20% over the past three years.
공시 • Aug 20Convano Inc. to Report Q2, 2024 Results on Nov 13, 2023Convano Inc. announced that they will report Q2, 2024 results on Nov 13, 2023
Reported Earnings • Aug 12First quarter 2024 earnings released: EPS: JP¥3.52 (vs JP¥16.31 loss in 1Q 2023)First quarter 2024 results: EPS: JP¥3.52 (up from JP¥16.31 loss in 1Q 2023). Revenue: JP¥651.0m (up 23% from 1Q 2023). Net income: JP¥8.00m (up JP¥45.0m from 1Q 2023). Profit margin: 1.2% (up from net loss in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 12New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: JP¥1.39b (US$9.97m) 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings have declined by 23% per year over the past 5 years. Market cap is less than US$10m (JP¥1.39b market cap, or US$9.97m).
공시 • Jun 12Convano Inc. to Report Q1, 2024 Results on Aug 10, 2023Convano Inc. announced that they will report Q1, 2024 results on Aug 10, 2023
Reported Earnings • May 17Full year 2023 earnings released: JP¥14.98 loss per share (vs JP¥22.51 profit in FY 2022)Full year 2023 results: JP¥14.98 loss per share (down from JP¥22.51 profit in FY 2022). Revenue: JP¥2.33b (up 8.8% from FY 2022). Net loss: JP¥34.0m (down 167% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 12Third quarter 2023 earnings released: JP¥1.32 loss per share (vs JP¥14.11 profit in 3Q 2022)Third quarter 2023 results: JP¥1.32 loss per share (down from JP¥14.11 profit in 3Q 2022). Revenue: JP¥602.0m (up 13% from 3Q 2022). Net loss: JP¥3.00m (down 109% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.
공시 • Dec 02Convano Inc. to Report Q3, 2023 Results on Feb 10, 2023Convano Inc. announced that they will report Q3, 2023 results on Feb 10, 2023
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Outside Director Akiko Ito was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 13Second quarter 2023 earnings released: JP¥6.61 loss per share (vs JP¥19.85 profit in 2Q 2022)Second quarter 2023 results: JP¥6.61 loss per share (down from JP¥19.85 profit in 2Q 2022). Revenue: JP¥574.0m (flat on 2Q 2022). Net loss: JP¥15.0m (down 133% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings.
공시 • Aug 31Convano Inc. to Report Q2, 2023 Results on Nov 11, 2022Convano Inc. announced that they will report Q2, 2023 results on Nov 11, 2022
Reported Earnings • Aug 15First quarter 2023 earnings released: JP¥16.31 loss per share (vs JP¥12.38 profit in 1Q 2022)First quarter 2023 results: JP¥16.31 loss per share (down from JP¥12.38 profit in 1Q 2022). Revenue: JP¥530.0m (down 1.1% from 1Q 2022). Net loss: JP¥37.0m (down 232% from profit in 1Q 2022). 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 13% per year, which means it is performing significantly worse than earnings.
공시 • Jun 10Convano Inc. to Report Q1, 2023 Results on Aug 12, 2022Convano Inc. announced that they will report Q1, 2023 results on Aug 12, 2022
Reported Earnings • May 15Full year 2022 earnings released: EPS: JP¥22.51 (vs JP¥96.11 loss in FY 2021)Full year 2022 results: EPS: JP¥22.51 (up from JP¥96.11 loss in FY 2021). Revenue: JP¥2.14b (up 33% from FY 2021). Net income: JP¥51.0m (up JP¥267.0m from FY 2021). Profit margin: 2.4% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 9% per year.
공시 • May 14Convano Inc., Annual General Meeting, Jun 29, 2022Convano Inc., Annual General Meeting, Jun 29, 2022.
Board Change • Apr 27Less than half of directors are independentThere are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 4 experienced directors. No highly experienced directors. 1 independent director (4 non-independent directors). Corporate Auditor Yasuaki Sumikawa is the most experienced director on the board, commencing their role in 2014. Independent Outside Director Akiko Ito was the last independent 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: Minority of independent directors. Lack of experienced directors.
공시 • Apr 08Convano Inc. to Report Fiscal Year 2022 Results on May 12, 2022Convano Inc. announced that they will report fiscal year 2022 results on May 12, 2022
Reported Earnings • Feb 12Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2022 results: EPS: JP¥14.11 (up from JP¥1.78 in 3Q 2021). Revenue: JP¥533.0m (up 3.9% from 3Q 2021). Net income: JP¥32.0m (up JP¥28.0m from 3Q 2021). Profit margin: 6.0% (up from 0.8% in 3Q 2021). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 7.9%. Earnings per share (EPS) exceeded analyst estimates. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Nov 30Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to JP¥691, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 18x in the Consumer Services industry in Japan. Total loss to shareholders of 38% over the past three years.
Reported Earnings • Nov 12Second quarter 2022 earnings released: EPS JP¥20.29 (vs JP¥38.70 loss in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥571.0m (up 28% from 2Q 2021). Net income: JP¥46.0m (up JP¥133.0m from 2Q 2021). Profit margin: 8.1% (up from net loss in 2Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Sep 28Investor sentiment improved over the past weekAfter last week's 25% share price gain to JP¥910, the stock trades at a trailing P/E ratio of 73.7x. Average trailing P/E is 26x in the Consumer Services industry in Japan. Total loss to shareholders of 47% over the past three years.
Reported Earnings • Aug 15First quarter 2022 earnings released: EPS JP¥12.38 (vs JP¥96.28 loss in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥536.0m (up 225% from 1Q 2021). Net income: JP¥28.0m (up JP¥244.0m from 1Q 2021). Profit margin: 5.2% (up from net loss in 1Q 2021).
Reported Earnings • May 16Full year 2021 earnings released: JP¥96.11 loss per share (vs JP¥50.17 profit in FY 2020)The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥1.62b (down 33% from FY 2020). Net loss: JP¥216.0m (down 293% from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance.
공시 • Mar 04Convano Inc. to Report Fiscal Year 2021 Results on May 13, 2021Convano Inc. announced that they will report fiscal year 2021 results on May 13, 2021
Is New 90 Day High Low • Feb 15New 90-day high: JP¥602The company is up 4.0% from its price of JP¥580 on 17 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Consumer Services industry, which is flat over the same period.
Reported Earnings • Feb 14Third quarter 2021 earnings released: EPS JP¥2.22 (vs JP¥12.97 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥514.0m (down 15% from 3Q 2020). Net income: JP¥5.00m (down 83% from 3Q 2020). Profit margin: 1.0% (down from 4.8% in 3Q 2020). The decrease in margin was driven by lower revenue.
Is New 90 Day High Low • Jan 29New 90-day low: JP¥513The company is down 24% from its price of JP¥675 on 30 October 2020. The Japanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is down 2.0% over the same period.
Is New 90 Day High Low • Dec 22New 90-day low: JP¥528The company is down 27% from its price of JP¥720 on 23 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 Services industry, which is down 8.0% over the same period.
Is New 90 Day High Low • Dec 07New 90-day low: JP¥578The company is down 19% from its price of JP¥718 on 08 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is down 3.0% over the same period.
공시 • Nov 20Convano Inc. to Report Q3, 2021 Results on Feb 09, 2021Convano Inc. announced that they will report Q3, 2021 results on Feb 09, 2021
공시 • Aug 30Convano Inc. to Report Q2, 2021 Results on Nov 12, 2020Convano Inc. announced that they will report Q2, 2021 results on Nov 12, 2020
공시 • Jun 28Convano Inc. to Report Q1, 2021 Results on Aug 11, 2020Convano Inc. announced that they will report Q1, 2021 results on Aug 11, 2020