Aankondiging • May 23
Daito Trust Construction Co.,Ltd. (TSE:1878) completed the acquisition of 48.05% stake in The Global Ltd. (TSE:3271) from a group of shareholders. Daito Trust Construction Co.,Ltd. (TSE:1878) proposed to acquire 48.05% stake in The Global Ltd. (TSE:3271) from a group of shareholders for ¥17.4 billion on April 6, 2026. A cash consideration of ¥17.41 billion valued at ¥1280 per share will be paid by Daito Trust Construction Co.,Ltd. As part of consideration, ¥17.41 billion is paid towards common equity of The Global Ltd.
The transaction is subject to approval of merger agreement by target board, approval by regulatory board / committee and minimum tender. The Board of Directors of The Global Ltd. formed a special committee for the transaction. The deal has been unanimously approved by the board. The expected completion of the transaction is May 22, 2026.
SMBC Nikko Securities Inc. acted as financial advisor for Daito Trust Construction Co.,Ltd. Mori Hamada & Matsumoto LPC acted as legal advisor for The Global Ltd. KPMG FAS Co., Ltd. acted as financial advisor for The Global Ltd. Nishimura & Asahi acted as legal advisor for Daito Trust Construction Co.,Ltd.
Daito Trust Construction Co.,Ltd. (TSE:1878) completed the acquisition of 48.05% stake in The Global Ltd. (TSE:3271) from a group of shareholders on May 22, 2026. As of the close of the offer, 12,715,775 shares of The Global Ltd. were tendered. Daito Trust Construction Co.,Ltd. will purchase all of the remaining shares in The Global Ltd. through Two-Step Acquisition. Reported Earnings • May 09
Third quarter 2026 earnings released: EPS: JP¥0.32 (vs JP¥10.85 loss in 3Q 2025) Third quarter 2026 results: EPS: JP¥0.32 (up from JP¥10.85 loss in 3Q 2025). Revenue: JP¥6.29b (up 3.8% from 3Q 2025). Net income: JP¥9.00m (up JP¥316.0m from 3Q 2025). Profit margin: 0.1% (up from net loss in 3Q 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 08
The Global Ltd. to Report Q3, 2026 Results on May 08, 2026 The Global Ltd. announced that they will report Q3, 2026 results on May 08, 2026 New Risk • Apr 07
New major risk - Share price stability The 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 Debt is not well covered by operating cash flow (7.6% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (9.6% average weekly change). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.9% net profit margin). Valuation Update With 7 Day Price Move • Apr 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,030, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 409% over the past three years. New Risk • Feb 10
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 7.6% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (7.6% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (5.9% net profit margin). New Risk • Feb 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (235% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.3% average weekly change). Profit margins are more than 30% lower than last year (5.9% net profit margin). Reported Earnings • Feb 07
Second quarter 2026 earnings released: EPS: JP¥17.74 (vs JP¥26.53 in 2Q 2025) Second quarter 2026 results: EPS: JP¥17.74 (down from JP¥26.53 in 2Q 2025). Revenue: JP¥4.23b (down 70% from 2Q 2025). Net income: JP¥502.0m (down 33% from 2Q 2025). Profit margin: 12% (up from 5.4% in 2Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Nov 29
The Global Ltd. to Report Q2, 2026 Results on Feb 06, 2026 The Global Ltd. announced that they will report Q2, 2026 results on Feb 06, 2026 Reported Earnings • Nov 09
First quarter 2026 earnings released: EPS: JP¥7.95 (vs JP¥24.17 in 1Q 2025) First quarter 2026 results: EPS: JP¥7.95 (down from JP¥24.17 in 1Q 2025). Revenue: JP¥7.62b (down 19% from 1Q 2025). Net income: JP¥225.0m (down 67% from 1Q 2025). Profit margin: 3.0% (down from 7.2% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 04
Full year 2025 earnings released: EPS: JP¥130 (vs JP¥95.88 in FY 2024) Full year 2025 results: EPS: JP¥130 (up from JP¥95.88 in FY 2024). Revenue: JP¥61.7b (up 128% from FY 2024). Net income: JP¥3.68b (up 36% from FY 2024). Profit margin: 6.0% (down from 10.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 72% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • Sep 01
The Global Ltd. to Report Q1, 2026 Results on Nov 07, 2025 The Global Ltd. announced that they will report Q1, 2026 results on Nov 07, 2025 Reported Earnings • Aug 11
Full year 2025 earnings released: EPS: JP¥130 (vs JP¥95.88 in FY 2024) Full year 2025 results: EPS: JP¥130 (up from JP¥95.88 in FY 2024). Revenue: JP¥61.7b (up 128% from FY 2024). Net income: JP¥3.68b (up 36% from FY 2024). Profit margin: 6.0% (down from 10.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has increased by 94% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Aug 11
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: 6.0% Last year net profit margin: 10% 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 High level of debt (131% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change). Profit margins are more than 30% lower than last year (6.0% net profit margin). Aankondiging • Aug 08
The Global Ltd., Annual General Meeting, Sep 26, 2025 The Global Ltd., Annual General Meeting, Sep 26, 2025. New Risk • Jul 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.2% average weekly change). Upcoming Dividend • Jun 20
Upcoming dividend of JP¥38.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 30 September 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.8%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.7%). Aankondiging • Jun 03
The Global Ltd. to Report Fiscal Year 2025 Results on Aug 08, 2025 The Global Ltd. announced that they will report fiscal year 2025 results on Aug 08, 2025 New Risk • May 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.5% average weekly change). New Risk • May 11
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 14% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • May 11
Third quarter 2025 earnings released: JP¥10.85 loss per share (vs JP¥22.79 profit in 3Q 2024) Third quarter 2025 results: JP¥10.85 loss per share (down from JP¥22.79 profit in 3Q 2024). Revenue: JP¥6.06b (down 6.2% from 3Q 2024). Net loss: JP¥307.0m (down 148% from profit in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥944, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 541% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥815, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 433% over the past three years. Aankondiging • Mar 01
The Global Ltd. to Report Q3, 2025 Results on May 09, 2025 The Global Ltd. announced that they will report Q3, 2025 results on May 09, 2025 Reported Earnings • Feb 08
Second quarter 2025 earnings released: EPS: JP¥26.53 (vs JP¥19.15 in 2Q 2024) Second quarter 2025 results: EPS: JP¥26.53 (up from JP¥19.15 in 2Q 2024). Revenue: JP¥14.0b (up 76% from 2Q 2024). Net income: JP¥751.0m (up 39% from 2Q 2024). Profit margin: 5.4% (down from 6.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Aankondiging • Dec 03
The Global Ltd. to Report Q2, 2025 Results on Feb 07, 2025 The Global Ltd. announced that they will report Q2, 2025 results on Feb 07, 2025 Reported Earnings • Nov 10
First quarter 2025 earnings released: EPS: JP¥24.17 (vs JP¥13.00 in 1Q 2024) First quarter 2025 results: EPS: JP¥24.17 (up from JP¥13.00 in 1Q 2024). Revenue: JP¥9.44b (up 5.6% from 1Q 2024). Net income: JP¥684.0m (up 86% from 1Q 2024). Profit margin: 7.2% (up from 4.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Reported Earnings • Oct 03
Full year 2024 earnings released: EPS: JP¥95.88 (vs JP¥61.68 in FY 2023) Full year 2024 results: EPS: JP¥95.88 (up from JP¥61.68 in FY 2023). Revenue: JP¥27.0b (down 36% from FY 2023). Net income: JP¥2.71b (up 55% from FY 2023). Profit margin: 10.0% (up from 4.1% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 46% per year, which means it is significantly lagging earnings growth. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Aug 14
Full year 2024 earnings released: EPS: JP¥95.88 (vs JP¥61.68 in FY 2023) Full year 2024 results: EPS: JP¥95.88 (up from JP¥61.68 in FY 2023). Revenue: JP¥27.0b (down 36% from FY 2023). Net income: JP¥2.71b (up 55% from FY 2023). Profit margin: 10.0% (up from 4.1% in FY 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 09
The Global Ltd., Annual General Meeting, Sep 27, 2024 The Global Ltd., Annual General Meeting, Sep 27, 2024. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 27% After last week's 27% share price decline to JP¥372, the stock trades at a trailing P/E ratio of 3.3x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 85% over the past three years. Aankondiging • Jun 05
The Global Ltd. to Report Fiscal Year 2024 Results on Aug 09, 2024 The Global Ltd. announced that they will report fiscal year 2024 results on Aug 09, 2024 Aankondiging • Mar 01
The Global Ltd. to Report Q3, 2024 Results on May 10, 2024 The Global Ltd. announced that they will report Q3, 2024 results on May 10, 2024 New Risk • Feb 15
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥11.4b market cap, or US$75.6m). Reported Earnings • Feb 11
Second quarter 2024 earnings released: EPS: JP¥19.15 (vs JP¥2.83 in 2Q 2023) Second quarter 2024 results: EPS: JP¥19.15 (up from JP¥2.83 in 2Q 2023). Revenue: JP¥7.95b (up 77% from 2Q 2023). Net income: JP¥542.0m (up JP¥462.0m from 2Q 2023). Profit margin: 6.8% (up from 1.8% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Aankondiging • Dec 03
The Global Ltd. to Report Q2, 2024 Results on Feb 09, 2024 The Global Ltd. announced that they will report Q2, 2024 results on Feb 09, 2024 Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥428, the stock trades at a trailing P/E ratio of 5.9x. Average trailing P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 91% over the past three years. Reported Earnings • Nov 11
First quarter 2024 earnings released: EPS: JP¥13.00 (vs JP¥2.65 in 1Q 2023) First quarter 2024 results: EPS: JP¥13.00 (up from JP¥2.65 in 1Q 2023). Revenue: JP¥8.94b (down 3.3% from 1Q 2023). Net income: JP¥368.0m (up 391% from 1Q 2023). Profit margin: 4.1% (up from 0.8% in 1Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Aankondiging • Sep 01
The Global Ltd. to Report Q1, 2024 Results on Nov 10, 2023 The Global Ltd. announced that they will report Q1, 2024 results on Nov 10, 2023 Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 54% After last week's 54% share price gain to JP¥409, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 10x in the Consumer Durables industry in Japan. Total returns to shareholders of 92% over the past three years. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment improves as stock rises 54% After last week's 54% share price gain to JP¥409, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 10x in the Consumer Durables industry in Japan. Total returns to shareholders of 92% over the past three years. Reported Earnings • Aug 12
Full year 2023 earnings released: EPS: JP¥61.68 (vs JP¥16.36 in FY 2022) Full year 2023 results: EPS: JP¥61.68 (up from JP¥16.36 in FY 2022). Revenue: JP¥42.4b (up 65% from FY 2022). Net income: JP¥1.75b (up 277% from FY 2022). Profit margin: 4.1% (up from 1.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Aug 12
The Global Ltd., Annual General Meeting, Sep 26, 2023 The Global Ltd., Annual General Meeting, Sep 26, 2023. Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥263, the stock trades at a trailing P/E ratio of 51x. Average trailing P/E is 10x in the Consumer Durables industry in Japan. Total returns to shareholders of 26% over the past three years. Aankondiging • Jun 03
The Global Ltd. to Report Fiscal Year 2023 Results on Aug 10, 2023 The Global Ltd. announced that they will report fiscal year 2023 results on Aug 10, 2023 Reported Earnings • May 14
Third quarter 2023 earnings released: JP¥3.18 loss per share (vs JP¥8.09 profit in 3Q 2022) Third quarter 2023 results: JP¥3.18 loss per share (down from JP¥8.09 profit in 3Q 2022). Revenue: JP¥4.70b (down 26% from 3Q 2022). Net loss: JP¥90.0m (down 139% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 12
Second quarter 2023 earnings released: EPS: JP¥2.83 (vs JP¥2.47 in 2Q 2022) Second quarter 2023 results: EPS: JP¥2.83 (up from JP¥2.47 in 2Q 2022). Revenue: JP¥4.49b (down 2.8% from 2Q 2022). Net income: JP¥80.0m (up 14% from 2Q 2022). Profit margin: 1.8% (up from 1.5% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Aankondiging • Jan 12
The Global Ltd. to Report Q2, 2023 Results on Feb 10, 2023 The Global Ltd. announced that they will report Q2, 2023 results on Feb 10, 2023 Reported Earnings • Nov 18
First quarter 2023 earnings released: EPS: JP¥2.65 (vs JP¥2.93 in 1Q 2022) First quarter 2023 results: EPS: JP¥2.65 (down from JP¥2.93 in 1Q 2022). Revenue: JP¥9.24b (up 24% from 1Q 2022). Net income: JP¥75.0m (down 9.6% from 1Q 2022). Profit margin: 0.8% (down from 1.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent There are 5 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: 5 new directors. 3 experienced directors. 2 highly experienced directors. 1 independent director (5 non-independent directors). Audit & Supervisory Board Member Ryujiro Saegusa is the most experienced director on the board, commencing their role in 2006. Independent Outside Director Masaru Akashi was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Nov 10
First quarter 2023 earnings released: EPS: JP¥2.65 (vs JP¥2.93 in 1Q 2022) First quarter 2023 results: EPS: JP¥2.65 (down from JP¥2.93 in 1Q 2022). Revenue: JP¥9.24b (up 24% from 1Q 2022). Net income: JP¥75.0m (down 9.6% from 1Q 2022). Profit margin: 0.8% (down from 1.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 19
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥238, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 9x in the Consumer Durables industry in Japan. Total loss to shareholders of 50% over the past three years. Aankondiging • Aug 28
The Global Ltd. to Report Q1, 2023 Results on Nov 08, 2022 The Global Ltd. announced that they will report Q1, 2023 results on Nov 08, 2022 Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improved over the past week After last week's 34% share price gain to JP¥212, the stock trades at a trailing P/E ratio of 13x. Average trailing P/E is 9x in the Consumer Durables industry in Japan. Total loss to shareholders of 49% over the past three years. Reported Earnings • Aug 12
Full year 2022 earnings released: EPS: JP¥16.36 (vs JP¥192 loss in FY 2021) Full year 2022 results: EPS: JP¥16.36 (up from JP¥192 loss in FY 2021). Revenue: JP¥25.8b (up 40% from FY 2021). Net income: JP¥463.0m (up JP¥4.55b from FY 2021). Profit margin: 1.8% (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 10% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Aankondiging • Aug 12
The Global Ltd., Annual General Meeting, Sep 27, 2022 The Global Ltd., Annual General Meeting, Sep 27, 2022. Aankondiging • Jun 03
The Global Ltd. to Report Fiscal Year 2022 Results on Aug 10, 2022 The Global Ltd. announced that they will report fiscal year 2022 results on Aug 10, 2022 Reported Earnings • May 18
Third quarter 2022 earnings released: EPS: JP¥8.09 (vs JP¥51.56 loss in 3Q 2021) Third quarter 2022 results: EPS: JP¥8.09 (up from JP¥51.56 loss in 3Q 2021). Revenue: JP¥6.40b (up 229% from 3Q 2021). Net income: JP¥229.0m (up JP¥1.68b from 3Q 2021). Profit margin: 3.6% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 34% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 8 non-independent directors. Director Takeshi Nakabayashi was the last director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Aankondiging • Apr 08
The Global Ltd. to Report Q3, 2022 Results on May 12, 2022 The Global Ltd. announced that they will report Q3, 2022 results on May 12, 2022 Reported Earnings • Feb 13
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: JP¥2.47 (up from JP¥54.69 loss in 2Q 2021). Revenue: JP¥4.62b (up 29% from 2Q 2021). Net income: JP¥70.0m (up JP¥910.0m from 2Q 2021). Profit margin: 1.5% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 07
First quarter 2022 earnings released: EPS JP¥2.93 (vs JP¥12.65 loss in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥7.45b (down 37% from 1Q 2021). Net income: JP¥83.0m (up JP¥255.0m from 1Q 2021). Profit margin: 1.1% (up from net loss in 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 05
Full year 2021 earnings released: JP¥192 loss per share (vs JP¥356 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: JP¥18.4b (down 29% from FY 2020). Net loss: JP¥4.09b (loss narrowed 15% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Aankondiging • Sep 10
One REIT, Inc. (TSE:3290) agreed to acquire Daido Seimei Mito Building from The Global Ltd. (TSE:3271) for ¥1.7 billion. One REIT, Inc. (TSE:3290) agreed to acquire Daido Seimei Mito Building from The Global Ltd. (TSE:3271) for ¥1.7 billion on September 8, 2021. Take-back funds, borrowings and cash on hand from the issuance of new investment units (general offering) resolved at the Board of Directors of the Investment Corporation held on September 8, 2021. The consideration will be full paid at the time of delivery. The scheduled acquisition date is September 24, 2021. Reported Earnings • Aug 18
Full year 2021 earnings released: JP¥192 loss per share (vs JP¥356 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: JP¥18.4b (down 29% from FY 2020). Net loss: JP¥4.09b (loss narrowed 15% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • May 09
Third quarter 2021 earnings released: JP¥51.56 loss per share (vs JP¥97.06 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: JP¥1.95b (down 73% from 3Q 2020). Net loss: JP¥1.45b (loss widened 9.8% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Aankondiging • Mar 03
The Global Ltd. to Report Q3, 2021 Results on May 07, 2021 The Global Ltd. announced that they will report Q3, 2021 results on May 07, 2021 Reported Earnings • Feb 15
Second quarter 2021 earnings released: JP¥54.69 loss per share (vs JP¥49.73 loss in 2Q 2020) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2021 results: Revenue: JP¥3.58b (down 20% from 2Q 2020). Net loss: JP¥840.0m (loss widened 24% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 81 percentage points per year, which is a significant difference in performance. Aankondiging • Dec 22
The Global Ltd. announced that it has received ¥2.99982 billion in funding from Ascot Corp. On December 21, 2020, The Global Ltd. (TSE:3271) closed the transaction. Aankondiging • Dec 16
The Global Ltd. to Report Q2, 2021 Results on Feb 05, 2021 The Global Ltd. announced that they will report Q2, 2021 results on Feb 05, 2021 Is New 90 Day High Low • Dec 01
New 90-day high: JP¥292 The company is up 51% from its price of JP¥194 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 11% over the same period. Aankondiging • Oct 30
The Global Ltd. announced that it expects to receive ¥2.99982 billion in funding from Ascot Corp. The Global Ltd. (TSE:3271) announced a private placement of 14,705,000 shares at a price of ¥204 per share for the gross proceeds of ¥2,999,820,000 on October 28, 2020. The transaction will include participation from Ascot Corp. (JASDAQ:3264). The company will raise the funding through third-party allotment method. The transaction has been approved by the board of directors of the company. The company will pay ¥11,629,000 as issue expenses in the transaction. The company will receive ¥2,988,191,000 as net proceeds in the transaction. Post closing of the transaction, the investor will acquire 51.96% stake in the company. Aankondiging • Oct 01
The Global Ltd. to Report Q1, 2021 Results on Nov 06, 2020 The Global Ltd. announced that they will report Q1, 2021 results on Nov 06, 2020