New Risk • Aug 18
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¥1.1b 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¥1.1b free cash flow). Minor Risk Market cap is less than US$100m (JP¥2.50b market cap, or US$15.7m). Aankondiging • Jul 04
SDS HOLDINGS Co.,Ltd. to Report Q2, 2027 Results on Nov 13, 2026 SDS HOLDINGS Co.,Ltd. announced that they will report Q2, 2027 results on Nov 13, 2026 Reported Earnings • May 20
Full year 2026 earnings released: JP¥6.60 loss per share (vs JP¥15.21 loss in FY 2025) Full year 2026 results: JP¥6.60 loss per share (improved from JP¥15.21 loss in FY 2025). Revenue: JP¥5.25b (up 30% from FY 2025). Net loss: JP¥68.0m (loss narrowed 55% from FY 2025). 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 4% per year, which means it is significantly lagging earnings. Aankondiging • May 15
SDS HOLDINGS Co.,Ltd., Annual General Meeting, Jun 29, 2026 SDS HOLDINGS Co.,Ltd., Annual General Meeting, Jun 29, 2026. Aankondiging • May 08
SDS HOLDINGS Co.,Ltd. announced that it has received ¥24.2 million in funding from S Crypto Energy Inc., LINK-US Co., Ltd. and other investors. On May 7, 2026, SDS HOLDINGS Co.,Ltd. has closed the transaction. Aankondiging • Apr 21
SDS HOLDINGS Co.,Ltd. announced that it expects to receive ¥24.2 million in funding SDS HOLDINGS Co.,Ltd. has announced a private placement to issue 10th Series Stock Acquisition Rights of 100,000 at the price of ¥ 242 for the gross proceeds of ¥ 24,200,000 on April 20, 2026. The exercise price of these stock acquisition rights is initially fixed at ¥ 253. The transaction involves the new investor participation of S Crypto Energy Inc. for 56,000 units, US Co., Ltd. for 17,600 units, Yuta Misaki 22,000 for units, Kazuma Kawamoto for 4,400 units. The transaction will happen through third party allocation. The transaction is approved by the board of directors and subject to approval of board of directors for transfer of these stock acquisition rights. The transaction is expected close on May 7, 2026. New Risk • Feb 18
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 11% 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 Less than 1 year of cash runway based on free cash flow trend (-JP¥1.8b free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (JP¥3.56b market cap, or US$23.1m). Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: JP¥0.97 (vs JP¥4.35 loss in 3Q 2025) Third quarter 2026 results: EPS: JP¥0.97 (up from JP¥4.35 loss in 3Q 2025). Revenue: JP¥1.50b (up 66% from 3Q 2025). Net income: JP¥10.0m (up JP¥53.0m from 3Q 2025). Profit margin: 0.7% (up from net loss in 3Q 2025). 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 6% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 18
Second quarter 2026 earnings released: JP¥2.93 loss per share (vs JP¥2.64 loss in 2Q 2025) Second quarter 2026 results: JP¥2.93 loss per share (further deteriorated from JP¥2.64 loss in 2Q 2025). Revenue: JP¥1.38b (up 37% from 2Q 2025). Net loss: JP¥30.0m (loss widened 15% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 16
First quarter 2026 earnings released: JP¥1.37 loss per share (vs JP¥3.25 loss in 1Q 2025) First quarter 2026 results: JP¥1.37 loss per share (improved from JP¥3.25 loss in 1Q 2025). Revenue: JP¥1.00b (down 3.4% from 1Q 2025). Net loss: JP¥14.0m (loss narrowed 56% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Reported Earnings • May 18
Full year 2025 earnings released: JP¥15.21 loss per share (vs JP¥11.78 loss in FY 2024) Full year 2025 results: JP¥15.21 loss per share (further deteriorated from JP¥11.78 loss in FY 2024). Revenue: JP¥4.04b (down 2.4% from FY 2024). Net loss: JP¥151.0m (loss widened 44% from FY 2024). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Aankondiging • May 13
SDS HOLDINGS Co.,Ltd., Annual General Meeting, Jun 27, 2025 SDS HOLDINGS Co.,Ltd., Annual General Meeting, Jun 27, 2025. Aankondiging • Mar 01
SDS HOLDINGS Co.,Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 SDS HOLDINGS Co.,Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released: JP¥4.35 loss per share (vs JP¥4.35 loss in 3Q 2024) Third quarter 2025 results: JP¥4.35 loss per share. Revenue: JP¥907.0m (down 8.4% from 3Q 2024). Net loss: JP¥43.0m (loss widened 13% from 3Q 2024). New Risk • Jan 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 15% 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 (8.0% average weekly change). Minor Risks Shareholders have been diluted in the past year (15% increase in shares outstanding). Market cap is less than US$100m (JP¥3.40b market cap, or US$21.8m). Board Change • Dec 11
Less than half of directors are independent There are 3 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: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Director Tatsuya Sekihara is the most experienced director on the board, commencing their role in 2022. Independent Outside Director Shigeru Minagawa was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Aug 19
First quarter 2025 earnings released: JP¥3.25 loss per share (vs JP¥8.70 loss in 1Q 2024) First quarter 2025 results: JP¥3.25 loss per share (improved from JP¥8.70 loss in 1Q 2024). Revenue: JP¥1.04b (up 49% from 1Q 2024). Net loss: JP¥32.0m (loss narrowed 58% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • May 21
Full year 2024 earnings released: JP¥11.78 loss per share (vs JP¥34.56 loss in FY 2023) Full year 2024 results: JP¥11.78 loss per share (improved from JP¥34.56 loss in FY 2023). Revenue: JP¥4.14b (up 22% from FY 2023). Net loss: JP¥105.0m (loss narrowed 65% from FY 2023). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Aankondiging • May 17
SDS HOLDINGS Co.,Ltd., Annual General Meeting, Jun 27, 2024 SDS HOLDINGS Co.,Ltd., Annual General Meeting, Jun 27, 2024. Aankondiging • Mar 02
SDS HOLDINGS Co.,Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 SDS HOLDINGS Co.,Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 New Risk • Feb 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.2% 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: Major Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥323m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Shareholders have been diluted in the past year (8.2% increase in shares outstanding). Market cap is less than US$100m (JP¥4.55b market cap, or US$30.3m). Reported Earnings • Feb 17
Third quarter 2024 earnings released: JP¥4.35 loss per share (vs JP¥4.35 loss in 3Q 2023) Third quarter 2024 results: JP¥4.35 loss per share (in line with 3Q 2023). Revenue: JP¥990.0m (down 4.6% from 3Q 2023). Net loss: JP¥38.0m (flat on 3Q 2023). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Board Change • Jan 31
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Shigeru Minagawa was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 19
Second quarter 2024 earnings released: EPS: JP¥8.36 (vs JP¥4.46 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥8.36 (up from JP¥4.46 loss in 2Q 2023). Revenue: JP¥1.33b (up 49% from 2Q 2023). Net income: JP¥73.0m (up JP¥112.0m from 2Q 2023). Profit margin: 5.5% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 16
First quarter 2024 earnings released: JP¥8.70 loss per share (vs JP¥11.41 loss in 1Q 2023) First quarter 2024 results: JP¥8.70 loss per share (improved from JP¥11.41 loss in 1Q 2023). Revenue: JP¥698.0m (up 17% from 1Q 2023). Net loss: JP¥76.0m (loss narrowed 17% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • May 20
Full year 2023 earnings released: JP¥31.52 loss per share (vs JP¥55.02 loss in FY 2022) Full year 2023 results: JP¥31.52 loss per share (improved from JP¥55.02 loss in FY 2022). Revenue: JP¥3.45b (up 233% from FY 2022). Net loss: JP¥270.0m (loss narrowed 19% from FY 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 17
Third quarter 2023 earnings released: JP¥4.35 loss per share (vs JP¥14.66 loss in 3Q 2022) Third quarter 2023 results: JP¥4.35 loss per share (improved from JP¥14.66 loss in 3Q 2022). Revenue: JP¥1.04b (up 455% from 3Q 2022). Net loss: JP¥38.0m (loss narrowed 57% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Second quarter 2023 earnings released: JP¥4.46 loss per share (vs JP¥15.20 loss in 2Q 2022) Second quarter 2023 results: JP¥4.46 loss per share (improved from JP¥15.20 loss in 2Q 2022). Revenue: JP¥897.0m (up JP¥770.0m from 2Q 2022). Net loss: JP¥39.0m (loss narrowed 55% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 15
First quarter 2023 earnings released: JP¥11.41 loss per share (vs JP¥17.16 loss in 1Q 2022) First quarter 2023 results: JP¥11.41 loss per share (up from JP¥17.16 loss in 1Q 2022). Revenue: JP¥599.0m (up 354% from 1Q 2022). Net loss: JP¥92.0m (loss narrowed 1.1% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
Full year 2022 earnings released: JP¥55.02 loss per share (vs JP¥73.24 loss in FY 2021) Full year 2022 results: JP¥55.02 loss per share (up from JP¥73.24 loss in FY 2021). Revenue: JP¥1.03b (up 23% from FY 2021). Net loss: JP¥333.0m (loss narrowed 4.3% from FY 2021). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • May 14
SDS HOLDINGS Co.,Ltd., Annual General Meeting, Jun 29, 2022 SDS HOLDINGS Co.,Ltd., Annual General Meeting, Jun 29, 2022. Aankondiging • Apr 08
SDS HOLDINGS Co.,Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 SDS HOLDINGS Co.,Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Aankondiging • Jun 09
Kazuhiro Sasaki acquired 17.80% stake in SDS HOLDINGS Co.,Ltd. (TSE:1711) from Katsuhide Yoshino and Yoshiaki Imoto for JPY 500 million. Kazuhiro Sasaki acquired 17.80% stake in SDS HOLDINGS Co.,Ltd. (TSE:1711) from Katsuhide Yoshino and Yoshiaki Imoto for JPY 500 million on June 8, 2021. As per the terms of the agreement, Kazuhiro Sasaki shall acquire 1 million shares in SDS HOLDINGS Co.,Ltd. for JPY 500 per share.
Kazuhiro Sasaki completed the acquisition of 17.80% stake in SDS HOLDINGS Co.,Ltd. (TSE:1711) from Katsuhide Yoshino and Yoshiaki Imoto on June 8, 2021. Aankondiging • Mar 04
SDS HOLDINGS Co.,Ltd. to Report Fiscal Year 2021 Results on May 14, 2021 SDS HOLDINGS Co.,Ltd. announced that they will report fiscal year 2021 results on May 14, 2021 Aankondiging • Dec 11
SDS HOLDINGS Co.,Ltd. to Report Q3, 2021 Results on Feb 09, 2021 SDS HOLDINGS Co.,Ltd. announced that they will report Q3, 2021 results on Feb 09, 2021 Aankondiging • Sep 29
SDS HOLDINGS Co.,Ltd. announced that it has received ¥334.449973 million in funding On September 28, 2020, SDS HOLDINGS Co.,Ltd. (TSE:1711) closed the transaction. The company has a shares of 5,217,473 post transaction. Aankondiging • Sep 11
SDS HOLDINGS Co.,Ltd. announced that it expects to receive ¥334.449973 million in funding SDS HOLDINGS Co.,Ltd. (TSE:1711) announced a private placement of 1,015,300 common shares at a price of ¥325 for the gross proceeds of ¥329,972,500 and 10,153 7th Stock Acquisition Rights at a price of ¥441 per piece for gross proceeds of ¥4,477,473; for aggregate gross proceeds of ¥334,449,973 on September 10, 2020. The Stock Acquisition Rights can be exercise into 1,015,300 common shares with an exercise price of ¥325 per share to raise ¥334,449,973. The transaction will include participation from Katsuhide Yoshino for 1,015,300 shares and 10,153 Stock Acquisition Rights. The company will issue securities through third party allotment. The transaction has been approved by board of directors of the company. The company will pay ¥29,800,000 as an issuance fees which include payment of ¥19,800,000 to INH Co., Ltd. The transaction is expected to close on September 28, 2020. Aankondiging • Jul 17
SDS HOLDINGS Co.,Ltd. to Report Q1, 2021 Results on Aug 07, 2020 SDS HOLDINGS Co.,Ltd. announced that they will report Q1, 2021 results on Aug 07, 2020