Aankondiging • Jul 02
Ridge-i Inc. to Report Fiscal Year 2026 Results on Sep 11, 2026 Ridge-i Inc. announced that they will report fiscal year 2026 results on Sep 11, 2026 Valuation Update With 7 Day Price Move • Jun 22
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥2,718, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 14x in the IT industry in Japan. Total loss to shareholders of 6.1% over the past three years. Reported Earnings • Jun 15
Third quarter 2026 earnings released: EPS: JP¥33.39 (vs JP¥1.80 in 3Q 2025) Third quarter 2026 results: EPS: JP¥33.39 (up from JP¥1.80 in 3Q 2025). Revenue: JP¥928.0m (up 70% from 3Q 2025). Net income: JP¥144.0m (up JP¥137.0m from 3Q 2025). Profit margin: 16% (up from 1.3% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the IT industry in Japan. New Risk • Jun 02
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 9.7% 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 (9.7% average weekly change). Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (JP¥12.7b market cap, or US$79.7m). Aankondiging • Mar 31
SBI Holdings, Inc. (TSE:8473) entered into basic agreement to acquire 66.98% stake in Star Music Entertainment Inc. from Ridge-i Inc. (TSE:5572) for approximately ¥920 million. SBI Holdings, Inc. (TSE:8473) entered into basic agreement to acquire 66.98% stake in Star Music Entertainment Inc. from Ridge-i Inc. (TSE:5572) on March 31, 2026. SBI Holdings, Inc. (TSE:8473) entered into agreement to acquire 66.98% stake in Star Music Entertainment Inc. from Ridge-i Inc. (TSE:5572) for approximately ¥920 million on May 18, 2026.
For the period ending March 31, 2025, Star Music Entertainment Inc. reported total revenue of ¥1.97 billion, EBIT of ¥186 million and net income of ¥136 million. As of March 31, 2025, Star Music Entertainment Inc. reported total assets of ¥1.07 billion and total common equity of ¥784 million.
Date of execution of the agreement will be on May 15, 2026, the expected completion of the transaction is June 22, 2026. The transaction is now expected to close on July 16, 2026. Reported Earnings • Mar 13
Second quarter 2026 earnings released: EPS: JP¥15.76 (vs JP¥1.80 in 2Q 2025) Second quarter 2026 results: EPS: JP¥15.76 (up from JP¥1.80 in 2Q 2025). Revenue: JP¥573.0m (up 4.9% from 2Q 2025). Net income: JP¥68.0m (up JP¥61.0m from 2Q 2025). Profit margin: 12% (up from 1.3% in 2Q 2025). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. New Risk • Dec 01
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 Risks Share price has been highly volatile over the past 3 months (8.1% average weekly change). High level of non-cash earnings (46% accrual ratio). Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (JP¥10.5b market cap, or US$67.0m). Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,525, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 16% over the past year. Aankondiging • Oct 02
Ridge-i Inc. announced that it has received ¥1.05924 billion in funding from SBI Holdings, Inc. On September 30, 2025, Ridge-i Inc. closed the transaction. Aankondiging • Jul 02
Ridge-i Inc. to Report Fiscal Year 2025 Results on Sep 12, 2025 Ridge-i Inc. announced that they will report fiscal year 2025 results on Sep 12, 2025 New Risk • Apr 23
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% average weekly change). Minor Risk Market cap is less than US$100m (JP¥9.29b market cap, or US$65.4m). New Risk • Dec 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended April 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 Risk Share price has been highly volatile over the past 3 months (8.4% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported April 2024 fiscal period end). Market cap is less than US$100m (JP¥8.95b market cap, or US$56.7m). New Risk • Dec 16
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 8.4% 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 (8.4% average weekly change). Minor Risk Market cap is less than US$100m (JP¥10.2b market cap, or US$66.2m). Aankondiging • Oct 29
Ridge-i Inc. to Report Q1, 2025 Results on Dec 13, 2024 Ridge-i Inc. announced that they will report Q1, 2025 results on Dec 13, 2024 Aankondiging • Sep 11
Ridge-i Inc., Annual General Meeting, Oct 25, 2024 Ridge-i Inc., Annual General Meeting, Oct 25, 2024. Aankondiging • Jul 04
Ridge-i Inc. to Report Fiscal Year 2024 Results on Sep 11, 2024 Ridge-i Inc. announced that they will report fiscal year 2024 results on Sep 11, 2024 Reported Earnings • Jun 11
Third quarter 2024 earnings released: EPS: JP¥13.97 (vs JP¥5.27 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥13.97 (up from JP¥5.27 loss in 3Q 2023). Revenue: JP¥289.0m (up 77% from 3Q 2023). Net income: JP¥53.0m (up JP¥73.0m from 3Q 2023). Profit margin: 18% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Aankondiging • Jun 08
Ridge-i Inc. (TSE:5572) agreed to acquire 53.77% stake in Star Music Entertainment Inc. from Yuhei Watanabe for ¥700 million. Ridge-i Inc. (TSE:5572) agreed to acquire 53.77% stake in Star Music Entertainment Inc. from Yuhei Watanabe for ¥700 million on June 6, 2024. A cash consideration of ¥701 million will be paid by Ridge-i Inc. As part of consideration, ¥701 million is paid towards common equity of Star Music Entertainment Inc. The expected completion of the transaction is June 14, 2024. Reported Earnings • Mar 13
Second quarter 2024 earnings released: EPS: JP¥7.64 (vs JP¥5.27 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥7.64 (up from JP¥5.27 loss in 2Q 2023). Revenue: JP¥279.0m (up 71% from 2Q 2023). Net income: JP¥29.0m (up JP¥49.0m from 2Q 2023). Profit margin: 10% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Reported Earnings • Dec 16
First quarter 2024 earnings released First quarter 2024 results: EPS: JP¥0.79. Net income: JP¥3.00m (up JP¥3.00m from 1Q 2023). New Risk • Dec 12
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 8.3% 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 (8.3% average weekly change). Revenue has declined by 18% over the past year. High level of non-cash earnings (152% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (5.6% net profit margin). Market cap is less than US$100m (JP¥7.92b market cap, or US$54.5m). Reported Earnings • Nov 02
Full year 2023 earnings released: EPS: JP¥12.39 (vs JP¥60.00 in FY 2022) Full year 2023 results: EPS: JP¥12.39 (down from JP¥60.00 in FY 2022). Revenue: JP¥790.0m (down 18% from FY 2022). Net income: JP¥44.0m (down 71% from FY 2022). Profit margin: 5.6% (down from 16% in FY 2022). The decrease in margin was driven by lower revenue. Reported Earnings • Sep 17
Full year 2023 earnings released: EPS: JP¥12.39 (vs JP¥60.00 in FY 2022) Full year 2023 results: EPS: JP¥12.39 (down from JP¥60.00 in FY 2022). Revenue: JP¥790.0m (down 18% from FY 2022). Net income: JP¥44.0m (down 71% from FY 2022). Profit margin: 5.6% (down from 16% in FY 2022). The decrease in margin was driven by lower revenue. Aankondiging • Sep 15
Ridge-i Inc., Annual General Meeting, Oct 26, 2023 Ridge-i Inc., Annual General Meeting, Oct 26, 2023. Aankondiging • Jul 29
Ridge-i Inc. to Report Fiscal Year 2023 Results on Sep 12, 2023 Ridge-i Inc. announced that they will report fiscal year 2023 results on Sep 12, 2023 Aankondiging • May 20
Ridge-i Inc. to Report Q3, 2023 Results on Jun 13, 2023 Ridge-i Inc. announced that they will report Q3, 2023 results on Jun 13, 2023 Board Change • Apr 26
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent Outside Director Yoshiaki Tsubakiyama was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.