Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 5 highly experienced directors. 3 independent directors (4 non-independent directors). Independent External Director Miwako Iyoku was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Feb 13
giftee Inc., Annual General Meeting, Mar 30, 2026 giftee Inc., Annual General Meeting, Mar 30, 2026. Announcement • Mar 01
giftee Inc. to Report Q1, 2025 Results on May 14, 2025 giftee Inc. announced that they will report Q1, 2025 results on May 14, 2025 Announcement • Feb 14
giftee Inc., Annual General Meeting, Mar 27, 2025 giftee Inc., Annual General Meeting, Mar 27, 2025. Announcement • Dec 03
giftee Inc. to Report Fiscal Year 2024 Results on Feb 14, 2025 giftee Inc. announced that they will report fiscal year 2024 results on Feb 14, 2025 Buy Or Sell Opportunity • Nov 15
Now 23% overvalued Over the last 90 days, the stock has fallen 1.6% to €6.35. The fair value is estimated to be €5.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has declined by 43%. Revenue is forecast to grow by 53% in 2 years. Earnings are forecast to grow by 589% in the next 2 years. Buy Or Sell Opportunity • Sep 09
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to €7.15. The fair value is estimated to be €5.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 27% over the last 3 years. Earnings per share has declined by 43%. Revenue is forecast to grow by 48% in 2 years. Earnings are forecast to grow by 588% in the next 2 years. New Risk • Aug 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 83% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (83% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.8% average weekly change). Buy Or Sell Opportunity • Aug 20
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to €6.80. The fair value is estimated to be €5.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 73%. Revenue is forecast to grow by 55% in 2 years. Earnings are forecast to grow by 708% in the next 2 years. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: JP¥8.47 (vs JP¥4.90 in 1Q 2023) First quarter 2024 results: EPS: JP¥8.47 (up from JP¥4.90 in 1Q 2023). Revenue: JP¥2.25b (up 15% from 1Q 2023). Net income: JP¥249.0m (up 74% from 1Q 2023). Profit margin: 11% (up from 7.3% in 1Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Interactive Media and Services industry in Europe. Buy Or Sell Opportunity • Apr 26
Now 26% undervalued after recent price drop Over the last 90 days, the stock has fallen 31% to €6.95. The fair value is estimated to be €9.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 79%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings are also forecast to grow by 56% per annum over the same time period. Buy Or Sell Opportunity • Apr 02
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 33% to €7.65. The fair value is estimated to be €9.65, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has declined by 79%. For the next 3 years, revenue is forecast to grow by 20% per annum. Earnings are also forecast to grow by 56% per annum over the same time period. Announcement • Feb 24
giftee Inc. to Report Q1, 2024 Results on May 14, 2024 giftee Inc. announced that they will report Q1, 2024 results on May 14, 2024 New Risk • Feb 19
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 46% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (46% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Announcement • Feb 16
giftee Inc., Annual General Meeting, Mar 27, 2024 giftee Inc., Annual General Meeting, Mar 27, 2024. Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: JP¥4.41 (vs JP¥0.35 in FY 2022) Full year 2023 results: EPS: JP¥4.41 (up from JP¥0.35 in FY 2022). Revenue: JP¥7.23b (up 53% from FY 2022). Net income: JP¥129.0m (up JP¥119.0m from FY 2022). Profit margin: 1.8% (up from 0.2% in FY 2022). Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe. New Risk • Jan 31
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 German stocks, typically moving 10% 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 (10% average weekly change). Minor Risk Large one-off items impacting financial results. Announcement • Dec 05
giftee Inc. to Report Fiscal Year 2023 Results on Feb 14, 2024 giftee Inc. announced that they will report fiscal year 2023 results on Feb 14, 2024 Reported Earnings • Nov 19
Third quarter 2023 earnings released: EPS: JP¥4.17 (vs JP¥0.76 in 3Q 2022) Third quarter 2023 results: EPS: JP¥4.17 (up from JP¥0.76 in 3Q 2022). Revenue: JP¥1.72b (up 56% from 3Q 2022). Net income: JP¥122.0m (up 455% from 3Q 2022). Profit margin: 7.1% (up from 2.0% in 3Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe. New Risk • Nov 03
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 German 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 Risk Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risk Large one-off items impacting financial results. Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: JP¥5.72 (vs JP¥2.60 in 2Q 2022) Second quarter 2023 results: EPS: JP¥5.72 (up from JP¥2.60 in 2Q 2022). Revenue: JP¥1.63b (up 35% from 2Q 2022). Net income: JP¥167.0m (up 123% from 2Q 2022). Profit margin: 10% (up from 6.2% in 2Q 2022). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Interactive Media and Services industry in Germany. Announcement • May 31
giftee Inc. to Report Q2, 2023 Results on Aug 14, 2023 giftee Inc. announced that they will report Q2, 2023 results on Aug 14, 2023 Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: JP¥0.35 (vs JP¥5.47 in FY 2021) Full year 2022 results: EPS: JP¥0.35 (down from JP¥5.47 in FY 2021). Revenue: JP¥4.72b (up 27% from FY 2021). Net income: JP¥10.0m (down 93% from FY 2021). Profit margin: 0.2% (down from 4.0% in FY 2021). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Interactive Media and Services industry in Europe. Reported Earnings • Feb 20
Full year 2022 earnings released: EPS: JP¥0.35 (vs JP¥5.47 in FY 2021) Full year 2022 results: EPS: JP¥0.35 (down from JP¥5.47 in FY 2021). Revenue: JP¥4.72b (up 27% from FY 2021). Net income: JP¥10.0m (down 93% from FY 2021). Profit margin: 0.2% (down from 4.0% in FY 2021). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Interactive Media and Services industry in Europe. Board Change • Nov 21
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent External Director Miwako Iyoku was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 15
giftee Inc. (TSE:4449) agreed to acquire paintory Inc. from Yuta Katayama for ¥6 million giftee Inc. (TSE:4449) agreed to acquire paintory Inc. from Yuta Katayama for ¥6 million on September 14, 2022. Under this transaction, giftee is acquiring 16,028 shares. In related transaction, Yuta Katayama will execute a share transfer agreement with all existing shareholders of paintory Inc. by the contract date. For the year ended February 28,2022, paintory Inc. reported Total assets of ¥83 million, Net worth of ¥-89 million and Operating income of ¥-86 million. Scheduled Contract execution date is September 26, 2022. The transaction is expected to complete on October 3, 2022. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: JP¥2.60 (vs JP¥3.36 loss in 2Q 2021) Second quarter 2022 results: EPS: JP¥2.60 (up from JP¥3.36 loss in 2Q 2021). Revenue: JP¥1.20b (up 60% from 2Q 2021). Net income: JP¥75.0m (up JP¥167.0m from 2Q 2021). Profit margin: 6.2% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 33%, compared to a 16% growth forecast for the industry in Germany. Board Change • Jun 20
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent External Director Miwako Iyoku was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). External Director Miwako Iyoku was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 16
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: JP¥5.47 (down from JP¥28.43 in FY 2020). Revenue: JP¥3.73b (up 21% from FY 2020). Net income: JP¥150.0m (down 80% from FY 2020). Profit margin: 4.0% (down from 24% in FY 2020). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 22%, compared to a 35% growth forecast for the industry in Germany. Announcement • Feb 16
giftee Inc., Annual General Meeting, Mar 23, 2022 giftee Inc., Annual General Meeting, Mar 23, 2022. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €8.67, the stock trades at a forward P/E ratio of 50x. Average forward P/E is 28x in the Interactive Media and Services industry in Europe. Board Change • Jan 11
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. 10 experienced directors. No highly experienced directors. was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.