New Risk • Aug 19
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 2.3% 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 Risks Debt is not well covered by operating cash flow (2.3% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risk Large one-off items impacting financial results. Aankondiging • Aug 15
Tecnisco, Ltd., Annual General Meeting, Sep 24, 2026 Tecnisco, Ltd., Annual General Meeting, Sep 24, 2026. Aankondiging • Jun 03
Tecnisco, Ltd. to Report Fiscal Year 2026 Results on Aug 14, 2026 Tecnisco, Ltd. announced that they will report fiscal year 2026 results on Aug 14, 2026 Reported Earnings • May 20
Third quarter 2026 earnings released: JP¥12.97 loss per share (vs JP¥56.90 loss in 3Q 2025) Third quarter 2026 results: JP¥12.97 loss per share (improved from JP¥56.90 loss in 3Q 2025). Revenue: JP¥854.0m (up 3.9% from 3Q 2025). Net loss: JP¥119.0m (loss narrowed 77% from 3Q 2025). Reported Earnings • Feb 16
Second quarter 2026 earnings released: JP¥1.31 loss per share (vs JP¥6.22 loss in 2Q 2025) Second quarter 2026 results: JP¥1.31 loss per share (improved from JP¥6.22 loss in 2Q 2025). Revenue: JP¥836.0m (up 4.1% from 2Q 2025). Net loss: JP¥12.0m (loss narrowed 79% from 2Q 2025). Aankondiging • Dec 27
Tecnisco, Ltd. to Report Q2, 2026 Results on Feb 13, 2026 Tecnisco, Ltd. announced that they will report Q2, 2026 results on Feb 13, 2026 Aankondiging • Sep 02
Tecnisco, Ltd. to Report Q1, 2026 Results on Nov 14, 2025 Tecnisco, Ltd. announced that they will report Q1, 2026 results on Nov 14, 2025 Reported Earnings • Aug 16
Full year 2025 earnings released: JP¥325 loss per share (vs JP¥67.41 loss in FY 2024) Full year 2025 results: JP¥325 loss per share (further deteriorated from JP¥67.41 loss in FY 2024). Revenue: JP¥3.36b (down 28% from FY 2024). Net loss: JP¥2.98b (loss widened 394% from FY 2024). Aankondiging • Aug 14
Tecnisco, Ltd., Annual General Meeting, Sep 25, 2025 Tecnisco, Ltd., Annual General Meeting, Sep 25, 2025. Aankondiging • Jun 04
Tecnisco, Ltd. to Report Fiscal Year 2025 Results on Aug 14, 2025 Tecnisco, Ltd. announced that they will report fiscal year 2025 results on Aug 14, 2025 Reported Earnings • May 21
Third quarter 2025 earnings released: JP¥56.90 loss per share (vs JP¥9.07 loss in 3Q 2024) Third quarter 2025 results: JP¥56.90 loss per share (further deteriorated from JP¥9.07 loss in 3Q 2024). Revenue: JP¥822.0m (down 26% from 3Q 2024). Net loss: JP¥522.0m (loss widened JP¥439.0m from 3Q 2024). Aankondiging • May 15
Tecnisco, Ltd. (TSE:2962) agreed to acquire an unknown majority stake in The Goodsystem Corp. from Orange Coral K.K. and others. Tecnisco, Ltd. (TSE:2962) agreed to acquire an unknown majority stake in The Goodsystem Corp. from Orange Coral K.K. and others on May 15, 2025.
For the period ending December 31, 2024, The Goodsystem Corp. reported total revenue of KRW 596.4 million, operating loss of KRW 922.88 million and net loss of KRW 677.58 million. As of December 31, 2024, The Goodsystem Corp. reported total assets of KRW 8.95 billion and total common equity of KRW 8.71 billion.
The transaction is subject to approval of offer by shareholders of The Goodsystem Corp. Mr. Sekiya will be appointed as a director of The Goodsystem Corp. The expected completion of the transaction is May 22, 2025. Aankondiging • Mar 05
Tecnisco, Ltd. to Report Q3, 2025 Results on May 15, 2025 Tecnisco, Ltd. announced that they will report Q3, 2025 results on May 15, 2025 Reported Earnings • Feb 16
Second quarter 2025 earnings released: JP¥6.22 loss per share (vs JP¥9.07 loss in 2Q 2024) Second quarter 2025 results: JP¥6.22 loss per share (improved from JP¥9.07 loss in 2Q 2024). Revenue: JP¥803.0m (down 28% from 2Q 2024). Net loss: JP¥57.0m (loss narrowed 31% from 2Q 2024). New Risk • Dec 27
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 Earnings have declined by 80% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.2% average weekly change). Market cap is less than US$100m (JP¥2.56b market cap, or US$16.3m). Aankondiging • Dec 03
Tecnisco, Ltd. to Report Q2, 2025 Results on Feb 14, 2025 Tecnisco, Ltd. announced that they will report Q2, 2025 results on Feb 14, 2025 Reported Earnings • Oct 03
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: JP¥67.41 loss per share (down from JP¥34.06 profit in FY 2023). Revenue: JP¥4.68b (down 12% from FY 2023). Net loss: JP¥603.0m (down 372% from profit in FY 2023). Revenue missed analyst estimates by 28%. Earnings per share (EPS) were also behind analyst expectations. Aankondiging • Aug 29
Tecnisco, Ltd. to Report Q1, 2025 Results on Nov 14, 2024 Tecnisco, Ltd. announced that they will report Q1, 2025 results on Nov 14, 2024 Aankondiging • Aug 15
Tecnisco, Ltd., Annual General Meeting, Sep 26, 2024 Tecnisco, Ltd., Annual General Meeting, Sep 26, 2024. Aankondiging • Jun 06
Tecnisco, Ltd. to Report Fiscal Year 2024 Results on Aug 14, 2024 Tecnisco, Ltd. announced that they will report fiscal year 2024 results on Aug 14, 2024 New Risk • May 21
New major risk - Revenue and earnings growth Revenue has declined by 2.4% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Revenue has declined by 2.4% over the past year. Minor Risks Profit margins are more than 30% lower than last year (4.2% net profit margin). Market cap is less than US$100m (JP¥5.14b market cap, or US$32.8m). New Risk • Apr 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Profit margins are more than 30% lower than last year (4.2% net profit margin). Market cap is less than US$100m (JP¥5.31b market cap, or US$34.4m). Aankondiging • Feb 28
Tecnisco, Ltd. to Report Q3, 2024 Results on May 15, 2024 Tecnisco, Ltd. announced that they will report Q3, 2024 results on May 15, 2024 Aankondiging • Nov 30
Tecnisco, Ltd. to Report Q2, 2024 Results on Feb 14, 2024 Tecnisco, Ltd. announced that they will report Q2, 2024 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥723, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Electronic industry in Japan. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥795, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Electronic industry in Japan. Aankondiging • Sep 08
Tecnisco, Ltd. to Report Q1, 2024 Results on Nov 14, 2023 Tecnisco, Ltd. announced that they will report Q1, 2024 results on Nov 14, 2023 New Risk • Aug 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 11% 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 Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Shares are highly illiquid. Revenue has declined by 2.4% over the past year. Minor Risks Profit margins are more than 30% lower than last year (4.2% net profit margin). Market cap is less than US$100m (JP¥5.60b market cap, or US$38.5m). New Risk • Aug 17
New major risk - Revenue and earnings growth Revenue has declined by 2.4% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Risks Shares are highly illiquid. Revenue has declined by 2.4% over the past year. Minor Risks High level of debt (66% net debt to equity). Profit margins are more than 30% lower than last year (4.2% net profit margin). Market cap is less than US$100m (JP¥5.33b market cap, or US$36.6m). Reported Earnings • Aug 16
Full year 2023 earnings released: EPS: JP¥34.06 (vs JP¥123 in FY 2022) Full year 2023 results: EPS: JP¥34.06 (down from JP¥123 in FY 2022). Revenue: JP¥5.35b (down 2.4% from FY 2022). Net income: JP¥222.0m (down 72% from FY 2022). Profit margin: 4.2% (down from 15% in FY 2022). The decrease in margin was primarily driven by higher expenses. Aankondiging • Jul 26
Tecnisco, Ltd. has completed an IPO in the amount of ¥1.27736 billion. Tecnisco, Ltd. has completed an IPO in the amount of ¥1.27736 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,281,000
Price\Range: ¥560 
