New Risk • Jun 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (JP¥2.90b market cap, or US$18.1m). Reported Earnings • May 19
Full year 2026 earnings released: JP¥4.87 loss per share (vs JP¥2.54 loss in FY 2025) Full year 2026 results: JP¥4.87 loss per share (further deteriorated from JP¥2.54 loss in FY 2025). Revenue: JP¥1.51b (down 7.7% from FY 2025). Net loss: JP¥135.0m (loss widened 146% from FY 2025). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Aankondiging • May 14
Kitabo Co.,Ltd, Annual General Meeting, Jun 29, 2026 Kitabo Co.,Ltd, Annual General Meeting, Jun 29, 2026. New Risk • Mar 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 21% 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: Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Market cap is less than US$100m (JP¥3.70b market cap, or US$23.1m). Reported Earnings • Feb 16
Third quarter 2026 earnings released: JP¥0.68 loss per share (vs JP¥0.42 profit in 3Q 2025) Third quarter 2026 results: JP¥0.68 loss per share (down from JP¥0.42 profit in 3Q 2025). Revenue: JP¥382.0m (down 15% from 3Q 2025). Net loss: JP¥19.0m (down 311% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 21
Kitabo Co.,Ltd (TSE:3409) agreed to acquire 51% stake in VLIMOUSINE Co.,Ltd. from Sky Saloon Travel Co., Ltd. for approximately ¥310 million. Kitabo Co.,Ltd (TSE:3409) agreed to acquire 51% stake in VLIMOUSINE Co.,Ltd. from Sky Saloon Travel Co., Ltd. for approximately ¥310 million on January 20, 2026. The consideration consists of ¥256.46 million based on 1.94 million common equity of Kitabo Co.,Ltd at a ratio of 5681 per common equity of VLIMOUSINE Co.,Ltd. A cash consideration of ¥49.5 million will be paid by Kitabo Co.,Ltd. As part of consideration, ¥305.96 million is paid towards common equity of VLIMOUSINE Co.,Ltd.
For the period ending March 31, 2025, VLIMOUSINE Co.,Ltd. reported total revenue of ¥645 million, EBIT of ¥83 million and net income of ¥67 million. As of March 31, 2025, VLIMOUSINE Co.,Ltd. reported total assets of ¥295 million and total common equity of ¥78 million. The transaction is expected to close on March 3, 2026. Aankondiging • Jan 07
Kitabo Co.,Ltd to Report Q3, 2026 Results on Feb 13, 2026 Kitabo Co.,Ltd announced that they will report Q3, 2026 results on Feb 13, 2026 New Risk • Dec 09
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 8.1% 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 Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (JP¥2.94b market cap, or US$18.8m). Aankondiging • Oct 02
Kitabo Co.,Ltd to Report Q2, 2026 Results on Nov 14, 2025 Kitabo Co.,Ltd announced that they will report Q2, 2026 results on Nov 14, 2025 Reported Earnings • Aug 16
First quarter 2026 earnings released: JP¥0.73 loss per share (vs JP¥0.05 loss in 1Q 2025) First quarter 2026 results: JP¥0.73 loss per share (further deteriorated from JP¥0.05 loss in 1Q 2025). Revenue: JP¥427.0m (up 10% from 1Q 2025). Net loss: JP¥19.0m (loss widened JP¥18.0m from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 20% per year. Reported Earnings • Jul 05
Full year 2025 earnings released: JP¥2.54 loss per share (vs JP¥5.87 loss in FY 2024) Full year 2025 results: JP¥2.54 loss per share (improved from JP¥5.87 loss in FY 2024). Revenue: JP¥1.63b (up 25% from FY 2024). Net loss: JP¥55.0m (loss narrowed 52% from FY 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Outside Director Gu Minchen was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 19
Full year 2025 earnings released: JP¥2.54 loss per share (vs JP¥5.87 loss in FY 2024) Full year 2025 results: JP¥2.54 loss per share (improved from JP¥5.87 loss in FY 2024). Revenue: JP¥1.63b (up 25% from FY 2024). Net loss: JP¥55.0m (loss narrowed 52% from FY 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Aankondiging • May 14
Kitanihon Spinning Co., Ltd., Annual General Meeting, Jun 30, 2025 Kitanihon Spinning Co., Ltd., Annual General Meeting, Jun 30, 2025. Aankondiging • Apr 04
Kitanihon Spinning Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Kitanihon Spinning Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥0.42 (vs JP¥8.62 in 3Q 2024) Third quarter 2025 results: EPS: JP¥0.42 (down from JP¥8.62 in 3Q 2024). Revenue: JP¥448.0m (up 41% from 3Q 2024). Net income: JP¥9.00m (down 95% from 3Q 2024). Profit margin: 2.0% (down from 54% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. New Risk • Jan 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 27% 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 (7.5% average weekly change). Earnings have declined by 2.7% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (27% increase in shares outstanding). Market cap is less than US$100m (JP¥2.55b market cap, or US$16.4m). New Risk • Dec 27
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 7.3% 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 (7.3% average weekly change). Earnings have declined by 2.7% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Market cap is less than US$100m (JP¥2.25b market cap, or US$14.3m). Aankondiging • Nov 30
Kitanihon Spinning Co., Ltd. to Report Q3, 2025 Results on Feb 14, 2025 Kitanihon Spinning Co., Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025 New Risk • Nov 26
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -JP¥158m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥158m free cash flow). Earnings have declined by 2.7% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Shareholders have been diluted in the past year (7.1% increase in shares outstanding). Market cap is less than US$100m (JP¥1.61b market cap, or US$10.5m). Aankondiging • Sep 03
Kitanihon Spinning Co., Ltd. to Report Q2, 2025 Results on Nov 14, 2024 Kitanihon Spinning Co., Ltd. announced that they will report Q2, 2025 results on Nov 14, 2024 New Risk • Aug 19
New major risk - Revenue and earnings growth Earnings have declined by 1.9% 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 Risk Earnings have declined by 1.9% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Market cap is less than US$100m (JP¥1.69b market cap, or US$11.5m). Reported Earnings • Aug 19
First quarter 2025 earnings released: JP¥0.05 loss per share (vs JP¥0.31 profit in 1Q 2024) First quarter 2025 results: JP¥0.05 loss per share (down from JP¥0.31 profit in 1Q 2024). Revenue: JP¥387.0m (up 22% from 1Q 2024). Net loss: JP¥1.00m (down 117% from profit in 1Q 2024). Aankondiging • Aug 05
Kitanihon Spinning Co., Ltd. to Report Q1, 2025 Results on Aug 14, 2024 Kitanihon Spinning Co., Ltd. announced that they will report Q1, 2025 results on Aug 14, 2024 New Risk • Aug 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.35b (US$9.47m) 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 Less than 1 year of cash runway based on free cash flow trend (-JP¥147m free cash flow). Market cap is less than US$10m (JP¥1.35b market cap, or US$9.47m). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Reported Earnings • May 19
Full year 2024 earnings released: JP¥5.87 loss per share (vs JP¥15.53 loss in FY 2023) Full year 2024 results: JP¥5.87 loss per share (improved from JP¥15.53 loss in FY 2023). Revenue: JP¥1.31b (up 10% from FY 2023). Net loss: JP¥115.0m (loss narrowed 58% from FY 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Aankondiging • May 16
Kitanihon Spinning Co., Ltd., Annual General Meeting, Jun 28, 2024 Kitanihon Spinning Co., Ltd., Annual General Meeting, Jun 28, 2024. Reported Earnings • Feb 17
Third quarter 2024 earnings released: EPS: JP¥8.62 (vs JP¥1.98 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥8.62 (up from JP¥1.98 loss in 3Q 2023). Revenue: JP¥318.0m (down 11% from 3Q 2023). Net income: JP¥171.0m (up JP¥205.0m from 3Q 2023). Profit margin: 54% (up from net loss in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Aankondiging • Dec 31
Kitanihon Spinning Co., Ltd. to Report Q3, 2024 Results on Feb 14, 2024 Kitanihon Spinning Co., Ltd. announced that they will report Q3, 2024 results on Feb 14, 2024 New Risk • Dec 04
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 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (JP¥2.20b market cap, or US$15.0m). Reported Earnings • Nov 19
Second quarter 2024 earnings released: JP¥0.26 loss per share (vs JP¥3.61 loss in 2Q 2023) Second quarter 2024 results: JP¥0.26 loss per share (improved from JP¥3.61 loss in 2Q 2023). Revenue: JP¥310.0m (up 4.4% from 2Q 2023). Net loss: JP¥5.00m (loss narrowed 92% from 2Q 2023). Aankondiging • Oct 07
Kitanihon Spinning Co., Ltd. to Report Q2, 2024 Results on Nov 14, 2023 Kitanihon Spinning Co., Ltd. announced that they will report Q2, 2024 results on Nov 14, 2023 New Risk • Aug 17
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -JP¥322m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-JP¥322m free cash flow). Minor Risks Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (JP¥2.34b market cap, or US$16.1m). Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: JP¥0.31 (vs JP¥1.57 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥0.31 (up from JP¥1.57 loss in 1Q 2023). Revenue: JP¥318.0m (up 25% from 1Q 2023). Net income: JP¥6.00m (up JP¥33.0m from 1Q 2023). Profit margin: 1.9% (up from net loss in 1Q 2023). Reported Earnings • May 18
Full year 2023 earnings released: JP¥15.53 loss per share (vs JP¥7.87 loss in FY 2022) Full year 2023 results: JP¥15.53 loss per share (further deteriorated from JP¥7.87 loss in FY 2022). Revenue: JP¥1.19b (up 43% from FY 2022). Net loss: JP¥271.0m (loss widened 112% from FY 2022). Reported Earnings • Feb 17
Third quarter 2023 earnings released: JP¥1.98 loss per share (vs JP¥2.57 loss in 3Q 2022) Third quarter 2023 results: JP¥1.98 loss per share (improved from JP¥2.57 loss in 3Q 2022). Revenue: JP¥357.0m (up 37% from 3Q 2022). Net loss: JP¥34.0m (loss narrowed 23% from 3Q 2022). Aankondiging • Feb 08
Kitanihon Spinning Co., Ltd. announced that it has received ¥162.304824 million in funding from Asia Plastic Victory PTE. Ltd. On February 8, 2023, Kitanihon Spinning Co., Ltd closed the transaction. The company issued 20,408 stock acquisition rights at a price of ¥53 per stock acquisition right for gross proceeds of ¥1,081,624 in its second and final tranche. Aankondiging • Dec 30
Kitanihon Spinning Co., Ltd. to Report Q3, 2023 Results on Feb 14, 2023 Kitanihon Spinning Co., Ltd. announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 17
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: JP¥297.0m (up 14% from 2Q 2022). Net loss: JP¥62.0m (loss widened 41% from 2Q 2022). Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent External Director Daisuke Natami was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Oct 23
Kitanihon Spinning Co., Ltd. to Report Q2, 2023 Results on Nov 14, 2022 Kitanihon Spinning Co., Ltd. announced that they will report Q2, 2023 results on Nov 14, 2022 Reported Earnings • Aug 17
First quarter 2023 earnings released First quarter 2023 results: JP¥1.57 loss per share. Net loss: JP¥27.0m (flat on 1Q 2022). Aankondiging • Jul 08
Kitanihon Spinning Co., Ltd. to Report Q1, 2023 Results on Aug 15, 2022 Kitanihon Spinning Co., Ltd. announced that they will report Q1, 2023 results on Aug 15, 2022 Reported Earnings • May 20
Full year 2022 earnings released: JP¥7.87 loss per share (vs JP¥5.67 loss in FY 2021) Full year 2022 results: JP¥7.87 loss per share (down from JP¥5.67 loss in FY 2021). Revenue: JP¥830.0m (up 35% from FY 2021). Net loss: JP¥128.0m (loss widened 110% from FY 2021). Aankondiging • May 18
Kitanihon Spinning Co., Ltd., Annual General Meeting, Jun 29, 2022 Kitanihon Spinning Co., Ltd., Annual General Meeting, Jun 29, 2022. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Independent External Director Daisuke Natami was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Aankondiging • Apr 10
Kitanihon Spinning Co., Ltd. to Report Fiscal Year 2022 Results on May 16, 2022 Kitanihon Spinning Co., Ltd. announced that they will report fiscal year 2022 results on May 16, 2022 Aankondiging • Sep 01
Kitanihon Spinning Co., Ltd. (TSE:3409) entered into an agreement to acquire Plastic Pellet Manufacturing and Sales Business of Tokaba Kasei Co., Ltd. for approximately ¥190 million. Kitanihon Spinning Co., Ltd. (TSE:3409) entered into an agreement to acquire Plastic Pellet Manufacturing and Sales Business of Tokaba Kasei Co., Ltd. for approximately ¥190 million on August 31, 2021. The transaction is expected to close on September 10, 2021. Aankondiging • Mar 04
Kitanihon Spinning Co., Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 Kitanihon Spinning Co., Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Is New 90 Day High Low • Feb 26
New 90-day low: JP¥198 The company is down 27% from its price of JP¥272 on 27 November 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Luxury industry, which is up 4.0% over the same period. Aankondiging • Dec 12
Kitanihon Spinning Co., Ltd. to Report Q3, 2021 Results on Feb 12, 2021 Kitanihon Spinning Co., Ltd. announced that they will report Q3, 2021 results on Feb 12, 2021 Aankondiging • Sep 12
Kitanihon Spinning Co., Ltd. to Report Q2, 2021 Results on Nov 30, 2020 Kitanihon Spinning Co., Ltd. announced that they will report Q2, 2021 results on Nov 30, 2020 Aankondiging • Sep 05
Kitanihon Spinning Co., Ltd. announced that it expects to receive CNY 632.639 million in funding Kitanihon Spinning Co., Ltd. (TSE:3409) announced a private placement of 9,037,700 common shares at a price of CNY 70 per share for gross proceeds of up to CNY 632,639,000 on September 4, 2020. The application period is from October 28, 2020 to November 12, 2020. The transaction is expected to close on November 27, 2020. As a result, the registered shares of the company will increase by 9,037,700 to 18,075,400, and the capital capital will increase by CNY 316,319,500 to 1,030,319,500. The company will pay issuance costs of CNY 3,000,000 in the transaction. The transaction has been approved by the board of directors of the company Aankondiging • Jun 17
Kitanihon Spinning Co., Ltd. to Report Q1, 2021 Results on Aug 12, 2020 Kitanihon Spinning Co., Ltd. announced that they will report Q1, 2021 results on Aug 12, 2020