New Risk • Jul 22
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 (2.2% net profit margin). Market cap is less than US$100m (JP¥2.47b market cap, or US$15.1m). 공고 • Apr 14
FORCIA, Inc., Annual General Meeting, May 28, 2026 FORCIA, Inc., Annual General Meeting, May 28, 2026. 공고 • Apr 03
FORCIA, Inc. to Report Fiscal Year 2026 Results on Apr 14, 2026 FORCIA, Inc. announced that they will report fiscal year 2026 results on Apr 14, 2026 New Risk • Jan 22
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.0% Last year net profit margin: 5.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (JP¥2.43b market cap, or US$15.3m). Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,104, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 23x in the Interactive Media and Services industry in Japan. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,595, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 24x in the Interactive Media and Services industry in Japan. New Risk • Apr 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 36% 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 (9.7% average weekly change). High level of non-cash earnings (36% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥2.44b market cap, or US$17.1m). 공고 • Apr 15
FORCIA, Inc., Annual General Meeting, May 28, 2025 FORCIA, Inc., Annual General Meeting, May 28, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to JP¥1,541, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Interactive Media and Services industry in Japan. Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,387, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 17x in the Interactive Media and Services industry in Japan. 공고 • Jan 04
FORCIA, Inc. to Report Q3, 2025 Results on Jan 14, 2025 FORCIA, Inc. announced that they will report Q3, 2025 results on Jan 14, 2025 공고 • Dec 27
FORCIA, Inc. has completed an IPO in the amount of ¥372.925 million. FORCIA, Inc. has completed an IPO in the amount of ¥372.925 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 200,000
Price\Range: ¥1750
Discount Per Security: ¥140
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 13,100
Price\Range: ¥1750
Discount Per Security: ¥140
Transaction Features: ESOP Related Offering