Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Chairman Kim Seng Lo was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 17
First half 2026 earnings released: S$0.001 loss per share (vs S$0.002 loss in 1H 2025) First half 2026 results: S$0.001 loss per share (improved from S$0.002 loss in 1H 2025). Revenue: S$15.4m (down 9.8% from 1H 2025). Net loss: S$686.0k (loss narrowed 62% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 14
Full year 2025 earnings released: S$0.003 loss per share (vs S$0.004 loss in FY 2024) Full year 2025 results: S$0.003 loss per share (improved from S$0.004 loss in FY 2024). Revenue: S$32.9m (down 17% from FY 2024). Net loss: S$3.00m (loss narrowed 9.3% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 37% per year whereas the company’s share price has fallen by 35% per year. Aankondiging • Feb 12
Miyoshi Limited, Annual General Meeting, Feb 26, 2026 Miyoshi Limited, Annual General Meeting, Feb 26, 2026, at 16:30 Singapore Standard Time. Location: 26 boon lay way, 01-80 tradehub 21, singapore 609970, Singapore Reported Earnings • Nov 01
Full year 2025 earnings released: S$0.003 loss per share (vs S$0.004 loss in FY 2024) Full year 2025 results: S$0.003 loss per share (improved from S$0.004 loss in FY 2024). Revenue: S$34.9m (down 12% from FY 2024). Net loss: S$3.20m (loss narrowed 3.4% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. New Risk • Oct 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended February 2025. 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 (S$8.12m market cap, or US$6.25m). Minor Risk Latest financial reports are more than 6 months old (reported February 2025 fiscal period end). Aankondiging • May 31
Miyoshi Limited Announces Company Secretary Changes Miyoshi Limited announced the resignation of Mr. Ong Wei Jin as Company Secretary, effective May 31, 2025. The company also appointed Mr. Seow Han Chiang Winston as the new Company Secretary, effective June 1, 2025. Aankondiging • May 15
Miyoshi Limited (Catalist:M03) acquired an additional 20% stake in Miyoshi Hi-Tech Co., Ltd. from Viraj Chuenmeechao and Supatra Chuenmeechao for THB 2.2 million. Miyoshi Limited (Catalist:M03) agreed to acquire an additional 20% stake in Miyoshi Hi-Tech Co., Ltd. from Viraj Chuenmeechao and Supatra Chuenmeechao for THB 2.2 million on March 26, 2025. A cash consideration of THB 2.2 million will be paid by Miyoshi Limited. As part of consideration, THB 2.2 million is paid towards common equity of Miyoshi Hi-Tech Co., Ltd. Upon completion, Miyoshi Limited will own 99.99% stake in Miyoshi Hi-Tech Co., Ltd.
For the period ending August 31, 2024, Miyoshi Hi-Tech Co., Ltd. reported net loss of THB 36.02 million. As of August 31, 2024, Miyoshi Hi-Tech Co., Ltd. reported total common equity of THB 151.58 million.
Miyoshi Limited (Catalist:M03) completed the acquisition of an additional 20% stake in Miyoshi Hi-Tech Co., Ltd. from Viraj Chuenmeechao and Supatra Chuenmeechao on May 14, 2025. Aankondiging • Mar 26
Miyoshi Limited (Catalist:M03) agreed to acquire an additional 20% stake in Miyoshi Hi-Tech Co., Ltd. from Viraj Chuenmeechao and Supatra Chuenmeechao for THB 2.2 million. Miyoshi Limited (Catalist:M03) agreed to acquire an additional 20% stake in Miyoshi Hi-Tech Co., Ltd. from Viraj Chuenmeechao and Supatra Chuenmeechao for THB 2.2 million on March 26, 2025. A cash consideration of THB 2.2 million will be paid by Miyoshi Limited. As part of consideration, THB 2.2 million is paid towards common equity of Miyoshi Hi-Tech Co., Ltd. Upon completion, Miyoshi Limited will own 99.99% stake in Miyoshi Hi-Tech Co., Ltd.
For the period ending August 31, 2024, Miyoshi Hi-Tech Co., Ltd. reported net loss of THB 36.02 million. As of August 31, 2024, Miyoshi Hi-Tech Co., Ltd. reported total common equity of THB 151.58 million. Aankondiging • Jan 28
Miyoshi Limited, Annual General Meeting, Feb 11, 2025 Miyoshi Limited, Annual General Meeting, Feb 11, 2025, at 10:00 Singapore Standard Time. Location: 26 boon lay way, 01-80 tradehub 21, singapore 609970, Singapore Reported Earnings • Nov 18
Full year 2024 earnings released: S$0.003 loss per share (vs S$0.002 loss in FY 2023) Full year 2024 results: S$0.003 loss per share (further deteriorated from S$0.002 loss in FY 2023). Revenue: S$42.6m (down 2.7% from FY 2023). Net loss: S$2.27m (loss widened 40% from FY 2023). Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has fallen by 46% per year, which means it is significantly lagging earnings. New Risk • Oct 31
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended February 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 (26% average weekly change). Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Market cap is less than US$10m (S$5.80m market cap, or US$4.39m). Minor Risk Latest financial reports are more than 6 months old (reported February 2024 fiscal period end). New Risk • Jun 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 75% 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 (30% average weekly change). Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Market cap is less than US$10m (S$4.64m market cap, or US$3.43m). Reported Earnings • Apr 15
Second quarter 2024 earnings released: S$0.001 loss per share (vs S$0.001 loss in 2Q 2023) Second quarter 2024 results: S$0.001 loss per share (in line with 2Q 2023). Revenue: S$9.83m (down 3.7% from 2Q 2023). Net loss: S$656.0k (loss widened 56% from 2Q 2023). 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 39% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 15
First quarter 2024 earnings released: EPS: S$0 (vs S$0 in 1Q 2023) First quarter 2024 results: EPS: S$0 (in line with 1Q 2023). Revenue: S$10.2m (down 24% from 1Q 2023). Net loss: S$234.0k (down 327% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. New Risk • Mar 15
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: -S$1.3m 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 (-S$1.3m free cash flow). Share price has been highly volatile over the past 3 months (23% average weekly change). Earnings have declined by 0.3% per year over the past 5 years. Market cap is less than US$10m (S$3.32m market cap, or US$2.48m). Aankondiging • Feb 29
Miyoshi Limited, Annual General Meeting, Mar 14, 2024 Miyoshi Limited, Annual General Meeting, Mar 14, 2024, at 14:00 Singapore Standard Time. Location: at 26 Boon Lay Way #01-80 Tradehub 21 Singapore 609970 Singapore Agenda: To receive and adopt the Directors' Statement and the Audited Financial Statements of the Company for the year ended 31 August 2023 together with the Auditors' Report thereon; to re-elect directors; and to consider other matters. Reported Earnings • Nov 01
Full year 2023 earnings released: S$0.002 loss per share (vs S$0 in FY 2022) Full year 2023 results: S$0.002 loss per share (further deteriorated from S$0 in FY 2022). Revenue: S$45.1m (down 9.5% from FY 2022). Net loss: S$1.10m (down S$1.23m from profit in FY 2022). 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 26% per year, which means it is significantly lagging earnings. New Risk • Oct 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 Singaporean stocks, typically moving 15% 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 (-S$2.1m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (S$9.28m market cap, or US$6.78m). New Risk • Jul 16
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: -S$2.1m 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 (-S$2.1m free cash flow). Earnings have declined by 18% per year over the past 5 years. Market cap is less than US$10m (S$10.6m market cap, or US$8.03m). Minor Risk Share price has been volatile over the past 3 months (9.1% average weekly change). Reported Earnings • Jul 15
Third quarter 2023 earnings released: EPS: S$0 (vs S$0.001 loss in 3Q 2022) Third quarter 2023 results: EPS: S$0 (improved from S$0.001 loss in 3Q 2022). Revenue: S$10.8m (down 6.2% from 3Q 2022). Net income: S$136.0k (up S$729.0k from 3Q 2022). Profit margin: 1.3% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Aankondiging • Jun 01
Miyoshi Limited Announces Board Changes, Effective June 1, 2023 The Board of Directors of Miyoshi Limited announced the appointment of Mr. Lo Kim Seng as an Independent Non-Executive Director and Chairman of the Board of the Company with effect from 1 June 2023. He will also assume the role of Chairman of the Remuneration Committee and Nominating Committee and a member of the Audit Committee of the Company. The Company also announced that, Mr. Low See Lien will relinquish his role as Chairman of the Remuneration Committee with effect from 1 June 2023 and continue to be a member of the Remuneration Committee of the Company. Following the above change, the Board and Board Committees will comprise of the following Directors with effect from 1 June 2023. Board of Directors: Andrew Sin Kwong Wah, Executive Director and CEO; Lo Kim Seng, Independent Non-Executive Chairman; Low See Lien, Independent Non-Executive Director and Thomas Pek Ee Perh, Non-Independent Non-Executive Director. Audit Committee: Low See Lien, Chairman; Lo Kim Seng, Member and Thomas Pek Ee Perh, Member. Remuneration Committee: Lo Kim Seng, Chairman; Low See Lien, Member and Thomas Pek Ee Perh, Member. Nominating Committee: Lo Kim Seng, Chairman; Low See Lien, Member and Andrew Sin Kwong Wah, Member. Mr. Lo Kim Seng has been Director of Bayfront Law LLC since April 2018. From March 2013 to March 2018, he was Director, Morgan Lewis Stamford LLC. He was Director of Bruxelles Investments Private Limited, SGA Kaltim Pte Ltd, CFM Holdings Limited, ecoWise Holdings Limited and Fragrance Group Limited. He is Director of No Signboard Holdings Ltd, Vidor Services Pte Ltd, AGE Intertrade Singapore Pte Ltd. and Sevens Atelier Limited. He holds Master of Laws, National University of Singapore and Master of Business Administration (Finance), Hull University Master of Laws, London University. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: S$0 (vs S$0.013 loss in FY 2021) Full year 2022 results: EPS: S$0 (improved from S$0.013 loss in FY 2021). Revenue: S$49.9m (up 9.7% from FY 2021). Net income: S$137.0k (up S$7.96m from FY 2021). Profit margin: 0.3% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Aankondiging • Feb 14
Miyoshi Limited, Annual General Meeting, Feb 28, 2023 Miyoshi Limited, Annual General Meeting, Feb 28, 2023, at 13:00 Singapore Standard Time. Agenda: To receive and adopt the Directors' Statement and the Audited Financial Statements of the Company for the year ended 31 August 2022 together with the Auditors' Report thereon; to re-elect Mr. Sin Kwong Wah Andrew who is retiring under Regulation 89 of the Constitution, as Director of the Company; to re-elect Mr. Low See Lien who is retiring under Regulation 88 of the Constitution, as Director of the Company; to approve the payment of Directors' fees for the year ended 31 August 2022; to approve the payment of Directors' fees of S$60,000 for the year ending 31 August 2023, to be paid quarterly in arrears; to re-appoint BDO LLP as the Auditors of the Company and to authorize the Directors of the Company to fix their remuneration; to consider Authority to issue shares; and to transact any other ordinary business which may properly be transacted at an Annual General Meeting. Aankondiging • Dec 17
Miyoshi Limited to Report Q1, 2023 Results on Mar 14, 2023 Miyoshi Limited announced that they will report Q1, 2023 results on Mar 14, 2023 Aankondiging • Dec 10
Miyoshi Limited Announces Cessation of Neoh Chin Chee as Independent Director Miyoshi Limited announced cessation of Neoh Chin Chee as Independent Director. Role And Responsibilities: The role and responsibilities as an Independent Non-Executive Chairman, Chairman of Nominating Committee and Member of Audit Committee and Remuneration Committee. Other Director Ships Past: Pacific Hunt Energy Ltd. (2017-2019). Reason For Cessation: To pursue other interests. The Board expresses its appreciation to Mr. Neoh for his contributions during his tenure as a Director of the Company. After having interviewed Mr. Neoh and to the best of its knowledge, the Company's Sponsor, RHB Bank Berhad is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Neoh as an Independent Director of the Company. The company is currently assessing suitable independent director candidates to fill the vacancy as soon as practicable so as to meet the requirements of the Catalist Rules and the Singapore Code of Corporate Governance. Reported Earnings • Oct 31
Full year 2022 earnings released: EPS: S$0.001 (vs S$0.013 loss in FY 2021) Full year 2022 results: EPS: S$0.001 (up from S$0.013 loss in FY 2021). Revenue: S$54.2m (up 19% from FY 2021). Net income: S$660.0k (up S$8.48m from FY 2021). Profit margin: 1.2% (up from net loss in FY 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 17
Third quarter 2022 earnings released: S$0.001 loss per share (vs S$0 in 3Q 2021) Third quarter 2022 results: S$0.001 loss per share (down from S$0 in 3Q 2021). Revenue: S$12.2m (up 8.3% from 3Q 2021). Net loss: S$593.0k (down 327% from profit in 3Q 2021). 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 23% per year. Reported Earnings • Apr 16
Second quarter 2022 earnings released: EPS: S$0.003 (vs S$0.001 in 2Q 2021) Second quarter 2022 results: EPS: S$0.003 (up from S$0.001 in 2Q 2021). Revenue: S$15.8m (up 42% from 2Q 2021). Net income: S$2.09m (up S$1.79m from 2Q 2021). Profit margin: 13% (up from 2.7% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 48% 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. Aankondiging • Feb 05
Miyoshi Limited Appoints Mr. Lew Fan Jong as Financial Controller Miyoshi Limited announced that Nominating Committee, having considered the qualifications and experience of Mr. Lew Fan Jong is of the view that Mr. Lew has the requisite experience and capabilities to assume the duties and responsibilities as the Financial Controller. Accordingly, the Board of Directors has approved the appointment of Mr. Lew as Financial Controller of the Group. Mr. Lew is responsible for the financial and management accounting, taxation, treasury, corporate governance, internal controls and reporting function of the Group. most recently he was Financial Controller of Healthbank Holdings Limited from May 2019 to Feb. 2022. Reported Earnings • Dec 17
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: S$0.013 loss per share (up from S$0.038 loss in FY 2020). Revenue: S$45.5m (up 1.5% from FY 2020). Net loss: S$7.82m (loss narrowed 67% from FY 2020). 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 70 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 01
Full year 2021 earnings released: S$0.013 loss per share (vs S$0.038 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: S$47.1m (up 4.8% from FY 2020). Net loss: S$7.82m (loss narrowed 67% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 16
Third quarter 2021 earnings released The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: S$11.4m (up 43% from 3Q 2020). Net income: S$261.0k (up S$4.42m from 3Q 2020). Profit margin: 2.3% (up from net loss in 3Q 2020). 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 • Apr 16
Second quarter 2021 earnings released The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: S$12.2m (down 12% from 2Q 2020). Net income: S$307.0k (up S$1.03m from 2Q 2020). Profit margin: 2.5% (up from net loss in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Reported Earnings • Dec 16
Full year 2020 earnings released: S$0.038 loss per share The company reported a poor full year result with increased losses and weaker revenues and control over expenses. Full year 2020 results: Revenue: S$44.9m (down 16% from FY 2019). Net loss: S$23.4m (loss widened S$22.6m from FY 2019). Over the last 3 years on average, earnings per share has fallen by 114% 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 • Dec 12
Miyoshi Limited, Annual General Meeting, Dec 28, 2020 Miyoshi Limited, Annual General Meeting, Dec 28, 2020, at 11:00 Singapore Standard Time. Agenda: To receive and adopt the Directors Statement and the Audited Financial Statements of the Company for the year ended 31 August 2020 together with the Auditors Report thereon; to re-elect Mr. Lim Thean Ee, Mr. Wee Piew, Mr. Andrew Sin Kwong Wah as Directors; to approve the payment of Directors fees of SGD 60,000 for the year ended 31 August 2020; to re-appoint BDO LLP as the Auditors of the Company and to authorise the Directors of the Company to fix their remuneration; to transact any other ordinary business which may properly be transacted at an Annual General Meeting; and to consider special business. Reported Earnings • Oct 31
Full year earnings released Over the last 12 months the company has reported total losses of S$23.4m, with losses widening by S$22.5m from the prior year. Total revenue was S$45.1m over the last 12 months, down 16% from the prior year. Aankondiging • Oct 06
Miyoshi Limited to Report Fiscal Year 2020 Results on Oct 30, 2020 Miyoshi Limited announced that they will report fiscal year 2020 results on Oct 30, 2020 
