Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment deteriorates as stock falls 45% After last week's 45% share price decline to JP¥158, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 55% over the past three years. New Risk • Sep 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. 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 (27% average weekly change). Market cap is less than US$10m (JP¥1.13b market cap, or US$7.67m). Minor Risks High level of debt (1,258% net debt to equity). Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 42% After last week's 42% share price gain to JP¥160, the stock trades at a trailing P/E ratio of 9.8x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥253, the stock trades at a trailing P/E ratio of 15.5x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 30% over the past three years. New Risk • Apr 07
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 6.1% 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 Market cap is less than US$10m (JP¥1.04b market cap, or US$7.12m). Minor Risks High level of debt (1,258% net debt to equity). Share price has been volatile over the past 3 months (6.1% average weekly change). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥269, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 15x in the IT industry in Japan. Total loss to shareholders of 46% over the past three years. Aankondiging • Mar 13
Alphax Food System Co., Ltd to Report Q2, 2025 Results on May 13, 2025 Alphax Food System Co., Ltd announced that they will report Q2, 2025 results on May 13, 2025 Reported Earnings • Feb 16
First quarter 2025 earnings released: EPS: JP¥0.26 (vs JP¥0.03 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥0.26 (up from JP¥0.03 loss in 1Q 2024). Revenue: JP¥314.0m (down 20% from 1Q 2024). Net income: JP¥1.00m (up JP¥1.00m from 1Q 2024). Profit margin: 0.3% (up from 0% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 31
Full year 2024 earnings released: EPS: JP¥16.04 (vs JP¥29.40 in FY 2023) Full year 2024 results: EPS: JP¥16.04 (down from JP¥29.40 in FY 2023). Revenue: JP¥1.66b (down 6.8% from FY 2023). Net income: JP¥63.0m (down 39% from FY 2023). Profit margin: 3.8% (down from 5.8% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Aankondiging • Nov 30
Alphax Food System Co., Ltd to Report Q1, 2025 Results on Feb 13, 2025 Alphax Food System Co., Ltd announced that they will report Q1, 2025 results on Feb 13, 2025 New Risk • Nov 20
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 1,237% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (JP¥1.37b market cap, or US$8.86m). Minor Risks High level of debt (1,237% net debt to equity). Profit margins are more than 30% lower than last year (3.8% net profit margin). Aankondiging • Nov 13
Alphax Food System Co., Ltd, Annual General Meeting, Dec 26, 2024 Alphax Food System Co., Ltd, Annual General Meeting, Dec 26, 2024. New Risk • Oct 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.46b (US$9.96m) 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. This is currently the only risk that has been identified for the company. Aankondiging • Aug 29
Alphax Food System Co., Ltd to Report Fiscal Year 2024 Results on Nov 14, 2024 Alphax Food System Co., Ltd announced that they will report fiscal year 2024 results on Nov 14, 2024 Reported Earnings • Aug 14
Third quarter 2024 earnings released: JP¥3.56 loss per share (vs JP¥2.03 loss in 3Q 2023) Third quarter 2024 results: JP¥3.56 loss per share (further deteriorated from JP¥2.03 loss in 3Q 2023). Revenue: JP¥330.0m (down 14% from 3Q 2023). Net loss: JP¥14.0m (loss widened 100% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 13% 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¥1.39b (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 Risk Market cap is less than US$10m (JP¥1.39b market cap, or US$9.79m). Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • May 19
Second quarter 2024 earnings released: EPS: JP¥7.89 (vs JP¥6.96 in 2Q 2023) Second quarter 2024 results: EPS: JP¥7.89 (up from JP¥6.96 in 2Q 2023). Revenue: JP¥445.0m (down 2.0% from 2Q 2023). Net income: JP¥31.0m (up 29% from 2Q 2023). Profit margin: 7.0% (up from 5.3% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Aankondiging • Mar 01
Alphax Food System Co., Ltd to Report Q2, 2024 Results on May 14, 2024 Alphax Food System Co., Ltd announced that they will report Q2, 2024 results on May 14, 2024 New Risk • Feb 16
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.43b (US$9.54m) 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 (7.9% average weekly change). Market cap is less than US$10m (JP¥1.43b market cap, or US$9.54m). Minor Risk Shareholders have been diluted in the past year (14% increase in shares outstanding). Reported Earnings • Feb 15
First quarter 2024 earnings released: JP¥0.03 loss per share (vs JP¥34.94 profit in 1Q 2023) First quarter 2024 results: JP¥0.03 loss per share (down from JP¥34.94 profit in 1Q 2023). Revenue: JP¥392.0m (flat on 1Q 2023). Net income: JP¥0 (down JP¥119.0m from profit in 1Q 2023). Profit margin: 0% (down from 31% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥426, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 64% over the past three years. Aankondiging • Dec 03
Alphax Food System Co., Ltd to Report Q1, 2024 Results on Feb 13, 2024 Alphax Food System Co., Ltd announced that they will report Q1, 2024 results on Feb 13, 2024 Reported Earnings • Nov 16
Full year 2023 earnings released: EPS: JP¥29.40 (vs JP¥209 loss in FY 2022) Full year 2023 results: EPS: JP¥29.40 (up from JP¥209 loss in FY 2022). Revenue: JP¥1.78b (up 33% from FY 2022). Net income: JP¥104.0m (up JP¥702.0m from FY 2022). Profit margin: 5.8% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Aankondiging • Sep 14
Alphax Food System Co., Ltd to Report Fiscal Year 2023 Results on Nov 13, 2023 Alphax Food System Co., Ltd announced that they will report fiscal year 2023 results on Nov 13, 2023 Reported Earnings • Aug 12
Third quarter 2023 earnings released: JP¥2.03 loss per share (vs JP¥34.70 loss in 3Q 2022) Third quarter 2023 results: JP¥2.03 loss per share (improved from JP¥34.70 loss in 3Q 2022). Revenue: JP¥384.0m (up 14% from 3Q 2022). Net loss: JP¥7.00m (loss narrowed 93% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. New Risk • Jul 20
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¥135m 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¥135m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-JP¥200m). Earnings have declined by 21% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (42% increase in shares outstanding). Market cap is less than US$100m (JP¥3.30b market cap, or US$23.7m). Aankondiging • Jun 01
Alphax Food System Co., Ltd to Report Q3, 2023 Results on Aug 10, 2023 Alphax Food System Co., Ltd announced that they will report Q3, 2023 results on Aug 10, 2023 Reported Earnings • May 17
Second quarter 2023 earnings released: EPS: JP¥6.96 (vs JP¥47.64 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥6.96 (up from JP¥47.64 loss in 2Q 2022). Revenue: JP¥454.0m (up 62% from 2Q 2022). Net income: JP¥24.0m (up JP¥156.0m from 2Q 2022). Profit margin: 5.3% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 12
First quarter 2023 earnings released: EPS: JP¥34.94 (vs JP¥22.38 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥34.94 (up from JP¥22.38 loss in 1Q 2022). Revenue: JP¥389.0m (up 9.6% from 1Q 2022). Net income: JP¥119.0m (up JP¥181.0m from 1Q 2022). Profit margin: 31% (up from net loss in 1Q 2022). The move to profitability was primarily driven by lower expenses. 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 33% per year, which means it is performing significantly worse than earnings. Reported Earnings • Dec 28
Full year 2022 earnings released: JP¥209 loss per share (vs JP¥106 loss in FY 2021) Full year 2022 results: JP¥209 loss per share (further deteriorated from JP¥106 loss in FY 2021). Revenue: JP¥1.34b (down 15% from FY 2021). Net loss: JP¥598.0m (loss widened 120% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has fallen by 41% per year, which means it is performing significantly worse than earnings. Aankondiging • Dec 22
Alphax Food System Co., Ltd to Report Q1, 2023 Results on Feb 13, 2023 Alphax Food System Co., Ltd announced that they will report Q1, 2023 results on Feb 13, 2023 Reported Earnings • Nov 18
Full year 2022 earnings released: JP¥188 loss per share (vs JP¥106 loss in FY 2021) Full year 2022 results: JP¥188 loss per share (further deteriorated from JP¥106 loss in FY 2021). Revenue: JP¥1.34b (down 15% from FY 2021). Net loss: JP¥539.0m (loss widened 98% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has fallen by 37% per year, which means it is performing significantly worse than earnings. Aankondiging • Nov 16
Alphax Food System Co., Ltd, Annual General Meeting, Dec 26, 2022 Alphax Food System Co., Ltd, Annual General Meeting, Dec 26, 2022. Board Change • Nov 16
No independent 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. 1 highly experienced director. No independent directors (4 non-independent directors). Chairman of the Board Takamori Tamura was the last director to join the board, commencing their role in 1993. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Aankondiging • Sep 28
Alphax Food System Co., Ltd to Report Fiscal Year 2022 Results on Nov 14, 2022 Alphax Food System Co., Ltd announced that they will report fiscal year 2022 results on Nov 14, 2022 Reported Earnings • Aug 15
Third quarter 2022 earnings released: JP¥34.70 loss per share (vs JP¥35.55 loss in 3Q 2021) Third quarter 2022 results: JP¥34.70 loss per share. Revenue: JP¥336.0m (down 2.6% from 3Q 2021). Net loss: JP¥97.0m (loss widened 3.2% from 3Q 2021). Reported Earnings • May 18
Second quarter 2022 earnings released: JP¥47.64 loss per share (vs JP¥8.47 loss in 2Q 2021) Second quarter 2022 results: JP¥47.64 loss per share (down from JP¥8.47 loss in 2Q 2021). Revenue: JP¥280.0m (down 45% from 2Q 2021). Net loss: JP¥132.0m (loss widened JP¥111.0m from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Aankondiging • May 13
Alphax Food System Co., Ltd announced that it has received ¥2.8356 million in funding from Macquarie Bank Limited, Investment Arm On May 11, 2022, Alphax Food System Co., Ltd closed the transaction. Board Change • Apr 27
No independent 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. 1 highly experienced director. No independent directors (4 non-independent directors). Chairman of the Board Takamori Tamura was the last director to join the board, commencing their role in 1993. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Aankondiging • Apr 26
Alphax Food System Co., Ltd announced that it expects to receive ¥2.8356 million in funding from Macquarie Bank Limited, Investment Arm Alphax Food System Co., Ltd announced that it will issue 6,800 shares at a price of ¥417 per share for gross proceeds of ¥2,835,600 on April 25, 2022. The transaction included participation from returning investor Macquarie Bank Limited, Investment Arm. The minimum exercise price of the Stock Acquisition Rights is 245 yen and the initial exercise price is ¥490. The exercise period is from May 12, 2022 to May 13, 2024. The transaction is expected to close on May 11, 2022. Aankondiging • Apr 08
Alphax Food System Co., Ltd to Report Q2, 2022 Results on May 13, 2022 Alphax Food System Co., Ltd announced that they will report Q2, 2022 results on May 13, 2022 Reported Earnings • Feb 18
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: JP¥22.38 loss per share (down from JP¥0.41 loss in 1Q 2021). Revenue: JP¥355.0m (down 13% from 1Q 2021). Net loss: JP¥62.0m (loss widened JP¥61.0m from 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has fallen by 28% per year, which means it is performing significantly worse than earnings. Reported Earnings • Nov 15
Full year 2021 earnings released: JP¥106 loss per share (vs JP¥266 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: JP¥1.57b (up 22% from FY 2020). Net loss: JP¥272.0m (loss narrowed 59% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. Reported Earnings • Aug 15
Third quarter 2021 earnings released: JP¥35.55 loss per share (vs JP¥66.57 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: JP¥345.0m (up 17% from 3Q 2020). Net loss: JP¥94.0m (loss narrowed 43% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 20% per year. Reported Earnings • May 18
Second quarter 2021 earnings released: JP¥8.47 loss per share (vs JP¥152 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: JP¥507.0m (up 50% from 2Q 2020). Net loss: JP¥21.0m (loss narrowed 94% from 2Q 2020). 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 24% per year, which means it has not declined as severely as earnings. Aankondiging • Mar 21
Alphax Food System Co., Ltd announced that it has received ¥104.972807 million in funding from Macquarie Bank Limited, Investment Arm and another investor On March 19, 2021, Alphax Food System Co.,Ltd (JASDAQ:3814) closed the transaction. Reported Earnings • Feb 14
First quarter 2021 earnings released: JP¥0.41 loss per share (vs JP¥31.66 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: JP¥406.0m (up 19% from 1Q 2020). Net loss: JP¥1.00m (loss narrowed 99% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 63% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Aankondiging • Jan 22
Alphax Food System Co., Ltd to Report Q1, 2021 Results on Feb 12, 2021 Alphax Food System Co., Ltd announced that they will report Q1, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Nov 18
New 90-day high: JP¥830 The company is up 61% from its price of JP¥517 on 20 August 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the IT industry, which is up 3.0% over the same period. Reported Earnings • Nov 16
Full year 2020 earnings released: JP¥266 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: JP¥1.29b (down 42% from FY 2019). Net loss: JP¥655.0m (down JP¥781.0m from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 68% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Aankondiging • Nov 15
Alphax Food System Co., Ltd, Annual General Meeting, Dec 28, 2020 Alphax Food System Co., Ltd, Annual General Meeting, Dec 28, 2020.