Aankondiging • May 18
eole Inc., Annual General Meeting, Jun 25, 2026 eole Inc., Annual General Meeting, Jun 25, 2026. Buy Or Sell Opportunity • Apr 28
Now 24% overvalued The stock has been flat over the last 90 days, currently trading at JP¥464. The fair value is estimated to be JP¥373, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Buy Or Sell Opportunity • Apr 01
Now 24% overvalued Over the last 90 days, the stock has fallen 2.4% to JP¥402. The fair value is estimated to be JP¥324, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Mar 11
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to JP¥400. The fair value is estimated to be JP¥326, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Feb 19
Now 32% overvalued Over the last 90 days, the stock has fallen 8.4% to JP¥439. The fair value is estimated to be JP¥334, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Feb 18
Third quarter 2026 earnings released: JP¥2.20 loss per share (vs JP¥1.14 profit in 3Q 2025) Third quarter 2026 results: JP¥2.20 loss per share (down from JP¥1.14 profit in 3Q 2025). Revenue: JP¥4.13b (up 341% from 3Q 2025). Net loss: JP¥78.6m (down 362% from profit in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 44% per year, which means it is well ahead of earnings. Aankondiging • Feb 18
Buskul Group Co., Ltd. signed a letter of intent to acquire The travel business of eole Inc. (TSE:2334) for ¥10 million. Buskul Group Co., Ltd. signed a letter of intent to acquire The travel business of eole Inc. (TSE:2334) for ¥10 million on February 17, 2026. A cash consideration of ¥10 million will be paid by Buskul Group Co., Ltd. As part of consideration, ¥10 million is paid towards assets of The travel business of eole Inc.
For the period ending March 31, 2025, The travel business of eole Inc. reported total revenue of ¥247.37 million and operating loss of ¥46.27 million.
The expected completion of the transaction is April 1, 2026. New Risk • Jan 13
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% 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 (17% average weekly change). Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Aankondiging • Dec 06
eole Inc. to Report Q3, 2026 Results on Feb 13, 2026 eole Inc. announced that they will report Q3, 2026 results on Feb 13, 2026 Board Change • Oct 30
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 2 experienced directors. 1 highly experienced director. Audit & Supervisory Board Member Toru Oyama is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Sep 25
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.3b (US$96.2m) 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 (20% average weekly change). Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (JP¥14.3b market cap, or US$96.2m). Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: JP¥13.02 (vs JP¥18.13 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥13.02 (up from JP¥18.13 loss in 1Q 2025). Revenue: JP¥1.13b (up 37% from 1Q 2025). Net income: JP¥40.0m (up JP¥88.0m from 1Q 2025). Profit margin: 3.6% (up from net loss in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 153 percentage points per year, which is a significant difference in performance. Aankondiging • Jul 02
eole Inc. to Report Q1, 2026 Results on Aug 14, 2025 eole Inc. announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • May 20
Full year 2025 earnings released: JP¥186 loss per share (vs JP¥13.62 profit in FY 2024) Full year 2025 results: JP¥186 loss per share (down from JP¥13.62 profit in FY 2024). Revenue: JP¥3.55b (down 7.0% from FY 2024). Net loss: JP¥493.0m (down JP¥529.0m from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 60% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Aankondiging • May 14
eole Inc., Annual General Meeting, Jun 25, 2025 eole Inc., Annual General Meeting, Jun 25, 2025. New Risk • Apr 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% 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 Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (JP¥2.66b market cap, or US$18.7m). Aankondiging • Apr 16
eole Inc. announced that it has received ¥271.98 million in funding from ZUU Co.,Ltd., Japan Asia Investment Co., Ltd. On April 14, 2025 eole Inc. closed the transaction. Aankondiging • Mar 28
eole Inc. announced that it expects to receive ¥271.5 million in funding from ZUU Co.,Ltd. eole Inc announced a private placement of 500,000 shares at a price of ¥960 per right for gross proceeds of ¥2,208,000 on March 26, 2025. The transaction is expected as April 14, 2025. The transaction includes participation from JAIC-Web3 Investment Limited Partnership Fund and ZUU Co., Ltd Aankondiging • Mar 05
eole Inc. to Report Fiscal Year 2025 Results on May 14, 2025 eole Inc. announced that they will report fiscal year 2025 results on May 14, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released Third quarter 2025 results: EPS: JP¥11.35. Revenue: JP¥937.0m (flat on 3Q 2024). Net income: JP¥30.0m (up JP¥30.0m from 3Q 2024). Profit margin: 3.2% (up from 0% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 25% per year, which means it is performing significantly worse than earnings. New Risk • Jan 12
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 (10.0% average weekly change). Market cap is less than US$10m (JP¥1.30b market cap, or US$8.22m). Aankondiging • Dec 03
eole Inc. to Report Q3, 2025 Results on Feb 14, 2025 eole Inc. announced that they will report Q3, 2025 results on Feb 14, 2025 New Risk • Oct 23
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.47b (US$9.64m) 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 (11% average weekly change). Market cap is less than US$10m (JP¥1.47b market cap, or US$9.64m). Reported Earnings • Aug 19
First quarter 2025 earnings released: JP¥18.13 loss per share (vs JP¥9.89 profit in 1Q 2024) First quarter 2025 results: JP¥18.13 loss per share (down from JP¥9.89 profit in 1Q 2024). Revenue: JP¥824.0m (down 19% from 1Q 2024). Net loss: JP¥48.0m (down 285% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 112% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. New Risk • Aug 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.32b (US$9.30m) 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 (8.8% average weekly change). High level of non-cash earnings (57% accrual ratio). Market cap is less than US$10m (JP¥1.32b market cap, or US$9.30m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to JP¥500, the stock trades at a trailing P/E ratio of 36.8x. Average trailing P/E is 21x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 66% over the past three years. Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥13.62 (vs JP¥14.71 in FY 2023) Full year 2024 results: EPS: JP¥13.62 (down from JP¥14.71 in FY 2023). Revenue: JP¥3.82b (up 7.1% from FY 2023). Net income: JP¥36.0m (flat on FY 2023). Profit margin: 0.9% (down from 1.0% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Aankondiging • May 16
eole Inc., Annual General Meeting, Jun 25, 2024 eole Inc., Annual General Meeting, Jun 25, 2024. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥633, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 22x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 58% over the past three years. New Risk • Apr 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% 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 (7.8% average weekly change). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (JP¥1.96b market cap, or US$12.7m). Reported Earnings • Feb 17
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: JP¥929.0m (up 19% from 3Q 2023). Net income: JP¥0 (down JP¥9.00m from profit in 3Q 2023). Profit margin: 0% (down from 1.2% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥822, the stock trades at a trailing P/E ratio of 33.5x. Average trailing P/E is 25x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 45% over the past three years. Reported Earnings • Nov 20
Second quarter 2024 earnings released: JP¥14.37 loss per share (vs JP¥7.08 loss in 2Q 2023) Second quarter 2024 results: JP¥14.37 loss per share (further deteriorated from JP¥7.08 loss in 2Q 2023). Revenue: JP¥886.0m (up 33% from 2Q 2023). Net loss: JP¥38.0m (loss widened 124% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Nov 15
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 9.5% 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 (9.5% average weekly change). Minor Risks Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (JP¥3.44b market cap, or US$22.9m). Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥1,299, the stock trades at a trailing P/E ratio of 40x. Average trailing P/E is 24x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 5.9% over the past three years. Valuation Update With 7 Day Price Move • Aug 23
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,243, the stock trades at a trailing P/E ratio of 69.1x. Average trailing P/E is 24x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 76% over the past three years. Reported Earnings • Aug 14
First quarter 2024 earnings released: EPS: JP¥9.89 (vs JP¥10.02 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥9.89 (up from JP¥10.02 loss in 1Q 2023). Revenue: JP¥1.01b (up 50% from 1Q 2023). Net income: JP¥26.0m (up JP¥50.0m from 1Q 2023). Profit margin: 2.6% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Aankondiging • May 14
eole Inc., Annual General Meeting, Jun 22, 2023 eole Inc., Annual General Meeting, Jun 22, 2023. Reported Earnings • Feb 16
Third quarter 2023 earnings released: EPS: JP¥3.68 (vs JP¥2.50 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥3.68 (up from JP¥2.50 loss in 3Q 2022). Revenue: JP¥782.0m (up 36% from 3Q 2022). Net income: JP¥9.00m (up JP¥15.0m from 3Q 2022). Profit margin: 1.2% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Aankondiging • Nov 27
eole Inc. to Report Q3, 2023 Results on Feb 14, 2023 eole Inc. announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: JP¥7.08 loss per share (vs JP¥17.11 loss in 2Q 2022) Second quarter 2023 results: JP¥7.08 loss per share (improved from JP¥17.11 loss in 2Q 2022). Revenue: JP¥668.0m (up 60% from 2Q 2022). Net loss: JP¥17.0m (loss narrowed 59% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
Less than half of directors are independent Following 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. 3 non-independent directors. Independent Outside Director Aya Ito was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Aankondiging • Aug 28
eole Inc. to Report Q2, 2023 Results on Nov 14, 2022 eole Inc. announced that they will report Q2, 2023 results on Nov 14, 2022 Reported Earnings • Aug 14
First quarter 2023 earnings released: JP¥10.02 loss per share (vs JP¥12.68 loss in 1Q 2022) First quarter 2023 results: JP¥10.02 loss per share (up from JP¥12.68 loss in 1Q 2022). Revenue: JP¥675.0m (up 61% from 1Q 2022). Net loss: JP¥24.0m (loss narrowed 20% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 33 percentage points per year, which is a significant difference in performance. Aankondiging • Jul 06
eole Inc. to Report Q1, 2023 Results on Aug 12, 2022 eole Inc. announced that they will report Q1, 2023 results on Aug 12, 2022 Aankondiging • May 15
eole Inc., Annual General Meeting, Jun 23, 2022 eole Inc., Annual General Meeting, Jun 23, 2022. Board Change • Apr 27
Less than half of directors are independent There 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). External Part-time Auditor Toru Oyama is the most experienced director on the board, commencing their role in 2014. Independent Outside Director Aya Ito 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 experienced directors. Aankondiging • Apr 19
eole Inc. announced that it has received ¥2.208 million in funding On April 18, 2022, eole Inc. closed the transaction. Aankondiging • Apr 08
eole Inc. to Report Fiscal Year 2022 Results on May 13, 2022 eole Inc. announced that they will report fiscal year 2022 results on May 13, 2022 Aankondiging • Apr 01
eole Inc. announced that it expects to receive ¥2.208 million in funding eole Inc. announced a private placement of 2,300 units of 10th stock acquisition rights at a price of ¥960 per right for gross proceeds of ¥2,208,000 on March 31, 2022. The transaction will include participation from new investor Growth Capital Inc. The company will receive funding through third party allotment. The transaction is expected to close on April 18, 2022. The exercise price of rights is ¥1,090. The company will receive ¥250,700,000 after the warrants are exercised. The transaction has been approved by board of directors of the company. Reported Earnings • Feb 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥2.50 loss per share (up from JP¥24.03 loss in 3Q 2021). Revenue: JP¥577.0m (up 58% from 3Q 2021). Net loss: JP¥6.00m (loss narrowed 89% from 3Q 2021). 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 101 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 15
Second quarter 2022 earnings released: JP¥17.11 loss per share (vs JP¥35.64 loss in 2Q 2021) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: JP¥418.0m (up 48% from 2Q 2021). Net loss: JP¥41.0m (loss narrowed 51% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 113 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 30
Full year 2021 earnings released: JP¥271 loss per share (vs JP¥0.41 profit in FY 2020) The company reported a poor full year result with weaker revenues, weaker control over costs and no improvement to losses. Full year 2021 results: Revenue: JP¥1.44b (down 22% from FY 2020). Net loss: JP¥630.0m (flat on FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 129 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 14
Third quarter 2021 earnings released: JP¥24.03 loss per share (vs JP¥9.08 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¥365.0m (down 1.4% from 3Q 2020). Net loss: JP¥56.0m (loss widened 167% from 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 96 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 01
New 90-day high: JP¥1,672 The company is up 12% from its price of JP¥1,496 on 02 November 2020. The Japanese market is also up 12% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Interactive Media and Services industry, which is flat over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥1,288 The company is down 10.0% from its price of JP¥1,439 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 Interactive Media and Services industry, which is down 5.0% over the same period. Aankondiging • Jun 21
eole Inc. to Report Q1, 2021 Results on Aug 14, 2020 eole Inc. announced that they will report Q1, 2021 results on Aug 14, 2020