View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsWarrantee 과거 순이익 실적과거 기준 점검 0/6Warrantee 의 수입은 연평균 -40.6%의 비율로 감소해 온 반면, Media 산업은 연평균 5.8%의 비율로 증가했습니다. 매출은 연평균 5.2%의 비율로 증가해 왔습니다.핵심 정보-40.57%순이익 성장률-34.29%주당순이익(EPS) 성장률Media 산업 성장률13.17%매출 성장률5.25%자기자본이익률-63.63%순이익률-147.13%최근 순이익 업데이트31 Mar 2024최근 과거 실적 업데이트Reported Earnings • Feb 01Full year 2023 earnings released: EPS: JP¥2.07 (vs JP¥4.85 loss in FY 2022)Full year 2023 results: EPS: JP¥2.07 (up from JP¥4.85 loss in FY 2022). Revenue: JP¥243.2m (up 8.2% from FY 2022). Net income: JP¥41.3m (up JP¥138.4m from FY 2022). Profit margin: 17% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses.모든 업데이트 보기Recent updates공지 • Aug 07Warrantee Inc.(NasdaqCM:WRNT) dropped from NASDAQ Composite IndexWarrantee Inc. has been dropped from Nasdaq Composite Index.New Risk • Jul 05New major risk - Revenue and earnings growthEarnings have declined by 41% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (US$7.01m market cap). Minor Risk Revenue is less than US$5m (JP¥248m revenue, or US$1.5m).New Risk • Apr 03New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.79m 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 Share price has been highly volatile over the past 3 months (20% average weekly change). Market cap is less than US$10m (US$9.79m market cap). Minor Risks High level of debt (1,958% net debt to equity). Revenue is less than US$5m (JP¥243m revenue, or US$1.6m).New Risk • Feb 07New 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 American stocks, typically moving 17% 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 (17% average weekly change). Market cap is less than US$10m (US$9.63m market cap). Minor Risks High level of debt (1,958% net debt to equity). Revenue is less than US$5m (JP¥243m revenue, or US$1.6m).공지 • Feb 06Warrantee Regains Compliance with Nasdaq Filing RequirementsWarrantee Inc. announced that it had received a letter from the Nasdaq Office of General Office dated February 1, 2024, confirming that the Company had regained compliance with Nasdaq's filing requirement set in Listing Rule 5250(c)(1), since the Company filed its Form 20-F for the period ended March 31, 2023 on January 31, 2024. As a result, the scheduled hearing before the Hearings Panel on February 8, 2024 relating to the delisting determination resulting from the failure to file such Form 20-F had been cancelled and the matter was closed. The Company's American Depositary Shares will continue to be listed and traded on the Nasdaq Capital Market under the symbol "WRNT".Reported Earnings • Feb 01Full year 2023 earnings released: EPS: JP¥2.07 (vs JP¥4.85 loss in FY 2022)Full year 2023 results: EPS: JP¥2.07 (up from JP¥4.85 loss in FY 2022). Revenue: JP¥243.2m (up 8.2% from FY 2022). Net income: JP¥41.3m (up JP¥138.4m from FY 2022). Profit margin: 17% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses.New Risk • Dec 19New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Market cap is less than US$10m (US$7.59m market cap). Minor Risks High level of debt (401% net debt to equity). Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Revenue is less than US$5m (JP¥251m revenue, or US$1.7m).공지 • Nov 29Takashi Kanazawa Notifies Warrantee Inc. of His Resignation as A DirectorOn November 10, 2023, Mr. Takashi Kanazawa notified Warrantee Inc. of his resignation as a director of the Company, effective November 10, 2023. Mr. Kanazawa has advised that his resignation was due to personal reasons and not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. As of the date of this report, the Company is still looking for a director candidate to fill in the vacancy created by the resignation of Mr. Kanazawa.Board Change • Nov 01High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. 1 highly experienced director. Founder, CEO & Chairman Yusuke Shono is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.공지 • Oct 18Warrantee Inc. Receives Nasdaq Notification Regarding Minimum Bid Price DeficiencyWarrantee Inc. (the "Company" or "Warrantee") announced that the Company received a letter (the "Notification Letter") from the Listings Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") on October 13, 2023, notifying the Company that it is not in compliance with the minimum bid price requirement as set under Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure upon the receipt of a deficiency notification. Nasdaq Listing Rule 5550(a)(2) requires listed companies to maintain a minimum bid price of USD 1.00 per share and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closingbid price of the Company's American Depositary Shares ("ADSs") for the 30 consecutive business days from August 30, 2023 to October 12, 2023, the Company no longer meets the minimum bid price requirement. The Notification Letter does not impact the Company's listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until April 10, 2024, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company's ADSs must have a closingbid price of at least USD 1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by April 10, 2024, the Company may be eligible for additional time to regain compliance or may face delisting. The Company's operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closingbid price of its ADSs and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding ADSs, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.공지 • Aug 24Warrantee Inc. Receives Notification of Deficiency from Nasdaq Regarding Timely Filing of Annual Report on Form 20-FWarrantee Inc. announced that it received a notice of non-compliance from Nasdaq Stock Market LLC (“Nasdaq”) on August 18, 2023 stating that, as a result of not having timely filed its annual report on Form 20-F for the fiscal year ended March 31, 2023, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the U.S. Securities and Exchange Commission. This notice has no immediate effect on the listing or trading of the Company's American Depositary Shares on Nasdaq. Under Nasdaq’s listing rules, the Company has 60 calendar days to submit a plan to regain compliance. If the plan is accepted by Nasdaq, the Company can be granted up to 180 calendar days from the Form 20-F’s due date, or until February 12, 2024, to regain compliance. The Company is working diligently to complete the annual report and will file the report as soon as practicable. If the Company files its on Form 20-F for the fiscal year ended March 31, 2023 within the 60-day period described above, it will not need to submit a formal plan to regain compliance. This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.공지 • Aug 03Warrantee Inc. announced delayed 20-F filingOn 08/01/2023, Warrantee Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC.Buying Opportunity • Aug 01Now 26% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be US$2.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only.공지 • Jul 26+ 1 more updateWarrantee Inc. Announces Board ChangesOn June 30, 2023, Warrantee Inc., held its 2023 general meeting of shareholders (the “Meeting”). Upon the conclusion of the Meeting, all four members of the board of directors (the “Board”), Mr. Yusuke Shono, Mr. Takashi Kanazawa, Mr. Takashi Kato, and Mr. Takeshi Todoroki, reached the end of their respective terms. Mr. Takashi Kato retired as an independent director. The Shareholders approved the appointments of Ms. Yumi Matsudaira, the Company’s Chief Financial Officer, as a director and Mr. Hideto Nakamura as an independent director, respectively. Upon the conclusion of the Meeting, the Board is composed of five members, including two directors and three independent directors. Mr. Hideto Nakamura, age 46, has served as a Director at Leong Hum Engineering Pte Ltd., where he oversees the accounting and administration department, since April 2019. He has served as the Managing Director at Singapore Biken Pte Ltd., where he oversees operations of the entire company, since January 2013. He served as a Director at Aquatic Maintenance Services Pte Ltd., where he oversaw the entire company operations, from January 2017 to June 2019. Mr. Nakamura obtained his Bachelor’s degree in Economics from Kyushu International University in 1999.Board Change • Jul 21High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 1 highly experienced director. Founder, CEO & Chairman Yusuke Shono is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.매출 및 비용 세부 내역Warrantee가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NasdaqCM:WRNT 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비31 Mar 24248-365607031 Mar 2324341189031 Dec 2224725210030 Sep 222518232030 Jun 22238-45272031 Mar 22225-97312031 Dec 21228-108320030 Sep 21231-119328030 Jun 21221-72271031 Mar 21212-26215031 Mar 2058-48960양질의 수익: WRNT 은(는) 현재 수익성이 없습니다.이익 마진 증가: WRNT는 현재 수익성이 없습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: WRNT은 수익성이 없으며 지난 5년 동안 손실이 연평균 40.6% 증가했습니다.성장 가속화: 현재 수익성이 없어 지난 1년간 WRNT의 수익 성장률을 5년 평균과 비교할 수 없습니다.수익 대 산업: WRNT은 수익성이 없어 지난 해 수익 성장률을 Media 업계(1.1%)와 비교하기 어렵습니다.자기자본이익률높은 ROE: WRNT는 현재 수익성이 없으므로 자본 수익률이 음수(-63.63%)입니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMedia 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/08/14 12:14종가2024/08/12 00:00수익2024/03/31연간 수익2024/03/31데이터 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 소스Warrantee Inc.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
Reported Earnings • Feb 01Full year 2023 earnings released: EPS: JP¥2.07 (vs JP¥4.85 loss in FY 2022)Full year 2023 results: EPS: JP¥2.07 (up from JP¥4.85 loss in FY 2022). Revenue: JP¥243.2m (up 8.2% from FY 2022). Net income: JP¥41.3m (up JP¥138.4m from FY 2022). Profit margin: 17% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses.
공지 • Aug 07Warrantee Inc.(NasdaqCM:WRNT) dropped from NASDAQ Composite IndexWarrantee Inc. has been dropped from Nasdaq Composite Index.
New Risk • Jul 05New major risk - Revenue and earnings growthEarnings have declined by 41% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 41% per year over the past 5 years. Market cap is less than US$10m (US$7.01m market cap). Minor Risk Revenue is less than US$5m (JP¥248m revenue, or US$1.5m).
New Risk • Apr 03New major risk - Market cap sizeThe company's market capitalization is less than US$10m. Market cap: US$9.79m 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 Share price has been highly volatile over the past 3 months (20% average weekly change). Market cap is less than US$10m (US$9.79m market cap). Minor Risks High level of debt (1,958% net debt to equity). Revenue is less than US$5m (JP¥243m revenue, or US$1.6m).
New Risk • Feb 07New 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 American stocks, typically moving 17% 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 (17% average weekly change). Market cap is less than US$10m (US$9.63m market cap). Minor Risks High level of debt (1,958% net debt to equity). Revenue is less than US$5m (JP¥243m revenue, or US$1.6m).
공지 • Feb 06Warrantee Regains Compliance with Nasdaq Filing RequirementsWarrantee Inc. announced that it had received a letter from the Nasdaq Office of General Office dated February 1, 2024, confirming that the Company had regained compliance with Nasdaq's filing requirement set in Listing Rule 5250(c)(1), since the Company filed its Form 20-F for the period ended March 31, 2023 on January 31, 2024. As a result, the scheduled hearing before the Hearings Panel on February 8, 2024 relating to the delisting determination resulting from the failure to file such Form 20-F had been cancelled and the matter was closed. The Company's American Depositary Shares will continue to be listed and traded on the Nasdaq Capital Market under the symbol "WRNT".
Reported Earnings • Feb 01Full year 2023 earnings released: EPS: JP¥2.07 (vs JP¥4.85 loss in FY 2022)Full year 2023 results: EPS: JP¥2.07 (up from JP¥4.85 loss in FY 2022). Revenue: JP¥243.2m (up 8.2% from FY 2022). Net income: JP¥41.3m (up JP¥138.4m from FY 2022). Profit margin: 17% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses.
New Risk • Dec 19New minor risk - Financial data availabilityThe company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 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: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Market cap is less than US$10m (US$7.59m market cap). Minor Risks High level of debt (401% net debt to equity). Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Revenue is less than US$5m (JP¥251m revenue, or US$1.7m).
공지 • Nov 29Takashi Kanazawa Notifies Warrantee Inc. of His Resignation as A DirectorOn November 10, 2023, Mr. Takashi Kanazawa notified Warrantee Inc. of his resignation as a director of the Company, effective November 10, 2023. Mr. Kanazawa has advised that his resignation was due to personal reasons and not a result of any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. As of the date of this report, the Company is still looking for a director candidate to fill in the vacancy created by the resignation of Mr. Kanazawa.
Board Change • Nov 01High number of new and inexperienced directorsThere are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. 1 highly experienced director. Founder, CEO & Chairman Yusuke Shono is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
공지 • Oct 18Warrantee Inc. Receives Nasdaq Notification Regarding Minimum Bid Price DeficiencyWarrantee Inc. (the "Company" or "Warrantee") announced that the Company received a letter (the "Notification Letter") from the Listings Qualifications Department of the Nasdaq Stock Market LLC ("Nasdaq") on October 13, 2023, notifying the Company that it is not in compliance with the minimum bid price requirement as set under Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq. This press release is issued pursuant to Nasdaq Listing Rule 5810(b), which requires prompt disclosure upon the receipt of a deficiency notification. Nasdaq Listing Rule 5550(a)(2) requires listed companies to maintain a minimum bid price of USD 1.00 per share and Listing Rule 5810(c)(3)(A) provides that a failure to meet the minimum bid price requirement exists if the deficiency continues for a period of 30 consecutive business days. Based on the closingbid price of the Company's American Depositary Shares ("ADSs") for the 30 consecutive business days from August 30, 2023 to October 12, 2023, the Company no longer meets the minimum bid price requirement. The Notification Letter does not impact the Company's listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided 180 calendar days, or until April 10, 2024, to regain compliance with Nasdaq Listing Rule 5550(a)(2). To regain compliance, the Company's ADSs must have a closingbid price of at least USD 1.00 for a minimum of 10 consecutive business days. In the event the Company does not regain compliance by April 10, 2024, the Company may be eligible for additional time to regain compliance or may face delisting. The Company's operations are not affected by the receipt of the Notification Letter. The Company intends to monitor the closingbid price of its ADSs and may, if appropriate, consider implementing available options, including, but not limited to, implementing a reverse share split of its outstanding ADSs, to regain compliance with the minimum bid price requirement under the Nasdaq Listing Rules.
공지 • Aug 24Warrantee Inc. Receives Notification of Deficiency from Nasdaq Regarding Timely Filing of Annual Report on Form 20-FWarrantee Inc. announced that it received a notice of non-compliance from Nasdaq Stock Market LLC (“Nasdaq”) on August 18, 2023 stating that, as a result of not having timely filed its annual report on Form 20-F for the fiscal year ended March 31, 2023, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the U.S. Securities and Exchange Commission. This notice has no immediate effect on the listing or trading of the Company's American Depositary Shares on Nasdaq. Under Nasdaq’s listing rules, the Company has 60 calendar days to submit a plan to regain compliance. If the plan is accepted by Nasdaq, the Company can be granted up to 180 calendar days from the Form 20-F’s due date, or until February 12, 2024, to regain compliance. The Company is working diligently to complete the annual report and will file the report as soon as practicable. If the Company files its on Form 20-F for the fiscal year ended March 31, 2023 within the 60-day period described above, it will not need to submit a formal plan to regain compliance. This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.
공지 • Aug 03Warrantee Inc. announced delayed 20-F filingOn 08/01/2023, Warrantee Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC.
Buying Opportunity • Aug 01Now 26% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be US$2.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only.
공지 • Jul 26+ 1 more updateWarrantee Inc. Announces Board ChangesOn June 30, 2023, Warrantee Inc., held its 2023 general meeting of shareholders (the “Meeting”). Upon the conclusion of the Meeting, all four members of the board of directors (the “Board”), Mr. Yusuke Shono, Mr. Takashi Kanazawa, Mr. Takashi Kato, and Mr. Takeshi Todoroki, reached the end of their respective terms. Mr. Takashi Kato retired as an independent director. The Shareholders approved the appointments of Ms. Yumi Matsudaira, the Company’s Chief Financial Officer, as a director and Mr. Hideto Nakamura as an independent director, respectively. Upon the conclusion of the Meeting, the Board is composed of five members, including two directors and three independent directors. Mr. Hideto Nakamura, age 46, has served as a Director at Leong Hum Engineering Pte Ltd., where he oversees the accounting and administration department, since April 2019. He has served as the Managing Director at Singapore Biken Pte Ltd., where he oversees operations of the entire company, since January 2013. He served as a Director at Aquatic Maintenance Services Pte Ltd., where he oversaw the entire company operations, from January 2017 to June 2019. Mr. Nakamura obtained his Bachelor’s degree in Economics from Kyushu International University in 1999.
Board Change • Jul 21High number of new and inexperienced directorsThere are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 1 highly experienced director. Founder, CEO & Chairman Yusuke Shono is the most experienced director on the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.