Announcement • Jul 28
W-SCOPE Corporation to Report Q2, 2027 Results on Sep 10, 2026 W-SCOPE Corporation announced that they will report Q2, 2027 results on Sep 10, 2026 Reported Earnings • Jun 12
First quarter 2027 earnings released: JP¥33.92 loss per share (vs JP¥51.85 loss in 1Q 2026) First quarter 2027 results: JP¥33.92 loss per share (improved from JP¥51.85 loss in 1Q 2026). Revenue: JP¥1.39b (up 83% from 1Q 2026). Net loss: JP¥2.03b (loss narrowed 29% from 1Q 2026). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 40 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 21
Full year 2026 earnings released: JP¥226 loss per share (vs JP¥67.60 loss in FY 2025) Full year 2026 results: JP¥226 loss per share (further deteriorated from JP¥67.60 loss in FY 2025). Revenue: JP¥3.63b (down 88% from FY 2025). Net loss: JP¥12.5b (loss widened 236% from FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. New Risk • Mar 21
New major risk - Revenue and earnings growth Earnings have declined by 17% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 17% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥11.4b market cap, or US$71.6m). Announcement • Mar 19
W-SCOPE Corporation, Annual General Meeting, Apr 23, 2026 W-SCOPE Corporation, Annual General Meeting, Apr 23, 2026. New Risk • Jan 13
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 Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risk Market cap is less than US$100m (JP¥9.23b market cap, or US$58.1m). Reported Earnings • Dec 16
Third quarter 2026 earnings released: JP¥57.81 loss per share (vs JP¥72.48 loss in 3Q 2025) Third quarter 2026 results: JP¥57.81 loss per share (improved from JP¥72.48 loss in 3Q 2025). Revenue: JP¥1.24b (up 259% from 3Q 2025). Net loss: JP¥3.18b (loss narrowed 20% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Announcement • Oct 28
W-SCOPE Corporation to Report Q3, 2026 Results on Dec 11, 2025 W-SCOPE Corporation announced that they will report Q3, 2026 results on Dec 11, 2025 New Risk • Sep 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 7.8% 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¥24b free cash flow). Share price has been highly volatile over the past 3 months (7.8% average weekly change). Minor Risk Market cap is less than US$100m (JP¥14.3b market cap, or US$97.0m). Reported Earnings • Sep 12
Second quarter 2026 earnings released Second quarter 2026 results: JP¥46.99 loss per share. Net loss: JP¥2.58b (flat on 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Announcement • Aug 01
W-SCOPE Corporation to Report Q2, 2026 Results on Sep 11, 2025 W-SCOPE Corporation announced that they will report Q2, 2026 results on Sep 11, 2025 Reported Earnings • Jun 14
First quarter 2026 earnings released First quarter 2026 results: JP¥51.85 loss per share. Net loss: JP¥2.85b (flat on 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 23 percentage points per year, which is a significant difference in performance. New Risk • Jun 13
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.8b (US$95.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Market cap is less than US$100m (JP¥13.8b market cap, or US$95.9m). Board Change • May 15
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Independent Outside Director Atsuko Suyama was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 29
W-SCOPE Corporation to Report Q1, 2026 Final Results on Jun 12, 2025 W-SCOPE Corporation announced that they will report Q1, 2026 final results on Jun 12, 2025 New Risk • Mar 14
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 Risk Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risk Market cap is less than US$100m (JP¥12.5b market cap, or US$84.2m). Announcement • Mar 13
W-SCOPE Corporation, Annual General Meeting, Apr 24, 2025 W-SCOPE Corporation, Annual General Meeting, Apr 24, 2025. Announcement • Jan 28
W-SCOPE Corporation to Report Fiscal Year 2024 Results on Mar 13, 2025 W-SCOPE Corporation announced that they will report fiscal year 2024 results on Mar 13, 2025 Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥287, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 14x in the Electrical industry in Japan. Total loss to shareholders of 64% over the past three years. New Risk • Dec 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.9b (US$97.9m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported January 2024 fiscal period end). Share price has been volatile over the past 3 months (5.9% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin). Market cap is less than US$100m (JP¥14.9b market cap, or US$97.9m). Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥280, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Electrical industry in Japan. Total loss to shareholders of 65% over the past three years. New Risk • Nov 12
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended January 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 High level of non-cash earnings (29% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported January 2024 fiscal period end). Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (2.0% net profit margin). Announcement • Oct 29
W-SCOPE Corporation to Report Q3, 2025 Results on Dec 12, 2024 W-SCOPE Corporation announced that they will report Q3, 2025 results on Dec 12, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to JP¥348, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Electrical industry in Japan. Total loss to shareholders of 56% over the past three years. Announcement • Aug 02
W-SCOPE Corporation to Report Q2, 2024 Results on Sep 12, 2024 W-SCOPE Corporation announced that they will report Q2, 2024 results on Sep 12, 2024 Board Change • Jun 18
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Atsuko Suyama was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥571, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Electrical industry in Japan. Total loss to shareholders of 6.1% over the past three years. Announcement • Apr 29
W-SCOPE Corporation to Report Q1, 2025 Results on Jun 13, 2024 W-SCOPE Corporation announced that they will report Q1, 2025 results on Jun 13, 2024 Announcement • Mar 16
W-SCOPE Corporation, Annual General Meeting, Apr 25, 2024 W-SCOPE Corporation, Annual General Meeting, Apr 25, 2024. Valuation Update With 7 Day Price Move • Mar 15
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥578, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Electrical industry in Japan. Total loss to shareholders of 28% over the past three years. Announcement • Jan 28
W-SCOPE Corporation to Report Fiscal Year 2023 Results on Mar 14, 2024 W-SCOPE Corporation announced that they will report fiscal year 2023 results on Mar 14, 2024 New Risk • Nov 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.1% Last year net profit margin: 10% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Announcement • Sep 28
W-SCOPE Corporation to Report Q3, 2023 Results on Nov 13, 2023 W-SCOPE Corporation announced that they will report Q3, 2023 results on Nov 13, 2023 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,113, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 35% over the past three years. New Risk • Aug 18
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 31% 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 Risks Share price has been highly volatile over the past 3 months (8.7% average weekly change). High level of non-cash earnings (31% accrual ratio). Reported Earnings • Aug 15
Second quarter 2023 earnings released: EPS: JP¥1.43 (vs JP¥33.02 in 2Q 2022) Second quarter 2023 results: EPS: JP¥1.43 (down from JP¥33.02 in 2Q 2022). Revenue: JP¥12.0b (up 6.2% from 2Q 2022). Net income: JP¥79.0m (down 96% from 2Q 2022). Profit margin: 0.7% (down from 16% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Aug 12
W-SCOPE Corporation Reaffirms Consolidated Earnings Guidance for the Fiscal Year Ending January 31, 2024 W-SCOPE Corporation reaffirmed consolidated earnings guidance for the fiscal year ending January 31, 2024. The consolidated earnings forecast for the full year ending January 2024 remains unchanged from the previous forecast. New Risk • Aug 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 7.7% 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. This is currently the only risk that has been identified for the company. Announcement • Jun 29
W-SCOPE Corporation to Report Q2, 2023 Results on Aug 14, 2023 W-SCOPE Corporation announced that they will report Q2, 2023 results on Aug 14, 2023 Valuation Update With 7 Day Price Move • Jun 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,340, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 79% over the past three years. Announcement • May 17
W-SCOPE Corporation (TSE:6619) announces an Equity Buyback for 300,000 shares, representing 0.54% for ¥338.1 million. W-SCOPE Corporation (TSE:6619) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 0.54% of its issued share capital (excluding treasury stock), for a total purchase price of ¥338.1 million. The shares will be repurchased at a price of ¥1,127 per share. The purpose of the program is to carry out a strategic capital policy. Reported Earnings • May 14
First quarter 2023 earnings released: EPS: JP¥6.00 (vs JP¥4.72 in 1Q 2022) First quarter 2023 results: EPS: JP¥6.00 (up from JP¥4.72 in 1Q 2022). Revenue: JP¥11.5b (up 30% from 1Q 2022). Net income: JP¥331.0m (up 29% from 1Q 2022). Profit margin: 2.9% (in line with 1Q 2022). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Announcement • May 12
W-SCOPE Corporation Provides Consolidated Earning Guidance for the Second Quarter and Full Year of Fiscal Year Ending January 31, 2024 W-SCOPE Corporation provided consolidated earning guidance for the second quarter and full year of fiscal year ending January 31, 2024. For the quarter, the company expects net sales of JPY 24,000 million, Operating income of JPY 2,500 million, Profit attributable to owners of parent of JPY 700 million and Per share net income of JPY 12.69. For the year, The company expects net sales of JPY 50,000 million, Operating income of JPY 5,500 million, Profit attributable to owners of parent of JPY 1,700 million and Per share net income of JPY 30.81. Reported Earnings • Feb 14
Full year 2022 earnings: Revenues and EPS in line with analyst expectations Full year 2022 results: EPS: JP¥80.42 (up from JP¥56.66 loss in FY 2021). Revenue: JP¥45.1b (up 51% from FY 2021). Net income: JP¥4.41b (up JP¥7.36b from FY 2021). Profit margin: 9.8% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • Feb 14
W-Scope Corporation Provides Consolidated Earning Guidance for the Six Months for the Fiscal Year 2023 and Full Fiscal Year Ending December 3, 2023 W-SCOPE Corporation provided consolidated earning guidance for the six months for the fiscal year 2023 and full fiscal year ending December 3, 2023. For the six months, The company expects net sales of JPY 24,000 million, Operating income of JPY 2,500 million, Profit attributable to owners of parent of JPY 700 million and Per share net income of JPY 12.69. For the year, The company expects net sales of JPY 50,000 million, Operating income of JPY 5,500 million, Profit attributable to owners of parent of JPY 1,700 million and Per share net income of JPY 30.81. Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,215, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 9x in the Chemicals industry in Japan. Total returns to shareholders of 56% over the past three years. Announcement • Feb 13
W-SCOPE Corporation, Annual General Meeting, Mar 30, 2023 W-SCOPE Corporation, Annual General Meeting, Mar 30, 2023. Major Estimate Revision • Jan 26
Consensus EPS estimates increase by 16% The consensus outlook for earnings per share (EPS) in fiscal year 2022 has improved. 2022 revenue forecast increased from JP¥44.3b to JP¥44.8b. EPS estimate increased from JP¥68.94 to JP¥79.79 per share. Net income forecast to shrink 15% next year vs 1.6% growth forecast for Chemicals industry in Japan . Consensus price target of JP¥2,290 unchanged from last update. Share price rose 12% to JP¥1,508 over the past week. Announcement • Dec 28
W-SCOPE Corporation to Report Fiscal Year 2022 Results on Feb 13, 2023 W-SCOPE Corporation announced that they will report fiscal year 2022 results on Feb 13, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥29.49 (vs JP¥56.39 loss in 3Q 2021) Third quarter 2022 results: EPS: JP¥29.49 (up from JP¥56.39 loss in 3Q 2021). Revenue: JP¥12.2b (up 60% from 3Q 2021). Net income: JP¥1.63b (up JP¥4.70b from 3Q 2021). Profit margin: 13% (up from net loss in 3Q 2021). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Junbom Lee was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Third quarter 2022 earnings released: EPS: JP¥29.49 (vs JP¥56.39 loss in 3Q 2021) Third quarter 2022 results: EPS: JP¥29.49 (up from JP¥56.39 loss in 3Q 2021). Revenue: JP¥12.2b (up 60% from 3Q 2021). Net income: JP¥1.63b (up JP¥4.70b from 3Q 2021). Profit margin: 13% (up from net loss in 3Q 2021). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 12
W-Scope Corporation Provides Guidance for the Full Year Ending December 31, 2022 W-SCOPE Corporation provided guidance for the full year ending December 31, 2022. For the full year, company expects net sales to be JPY 44,000 million, Operating profit to be JPY 7,000 million, profit attributable to owners of parent to be JPY 4,100 million or JPY 74.35 per basic share. Announcement • Nov 01
W-Scope Corporation Revises Guidance for the Full Year Ending December 31, 2022 W-SCOPE Corporation revised guidance for the full year ending December 31, 2022. For the full year, company expects net sales to be JPY 44,000 million, Operating profit to be JPY 7,000 million, profit attributable to owners of parent to be JPY 4,100 million or JPY 74.35 per basic share against previously expected net sales to be JPY 44,000 million, Operating profit to be JPY 5,500 million, profit attributable to owners of parent to be JPY 3,000 million or JPY 54.40 per basic share. Reported Earnings • Aug 16
Second quarter 2022 earnings released: EPS: JP¥33.02 (vs JP¥6.34 loss in 2Q 2021) Second quarter 2022 results: EPS: JP¥33.02 (up from JP¥6.34 loss in 2Q 2021). Revenue: JP¥11.3b (up 71% from 2Q 2021). Net income: JP¥1.81b (up JP¥2.15b from 2Q 2021). Profit margin: 16% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 17%, compared to a 8.5% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 25
W-SCOPE Corporation Revised Guidance for the Second Quarter and Full Year Ending December 31, 2022 W-SCOPE Corporation provided revised guidance for the second quarter and full year ending December 31, 2022. For the second quarter, The company expects net sales to be JPY 20,000 million, Operating profit to be JPY 2,600 million, profit attributable to owners of parent to be JPY 2,000 million or JPY 36.62 per basic share against previously expected net sales to be JPY 17,000 million, Operating profit to be JPY 1,850 million, profit attributable to owners of parent to be JPY 450 million or JPY 8.26 per basic share.For the full year, company expects net sales to be JPY 44,000 million, Operating profit to be JPY 5,500 million, profit attributable to owners of parent to be JPY 3,000 million or JPY 54.40 per basic share against previously expected net sales to be JPY 38,000 million, Operating profit to be JPY 5,000 million, profit attributable to owners of parent to be JPY 1,400 million or JPY 25.70 per basic share. Announcement • Jul 06
W-SCOPE Corporation to Report Q3, 2022 Results on Nov 11, 2022 W-SCOPE Corporation announced that they will report Q3, 2022 results on Nov 11, 2022 Reported Earnings • May 15
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: EPS: JP¥4.72 (up from JP¥1.63 loss in 1Q 2021). Revenue: JP¥8.90b (up 46% from 1Q 2021). Net income: JP¥257.0m (up JP¥331.0m from 1Q 2021). Profit margin: 2.9% (up from net loss in 1Q 2021). Revenue exceeded analyst estimates by 5.9%. Earnings per share (EPS) also surpassed analyst estimates. Over the next year, revenue is forecast to grow 24%, compared to a 7.9% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Announcement • May 13
W-SCOPE Corporation Provides Earnings Guidance for the Second Quarter and Full Year Ending December 31, 2022 W-SCOPE Corporation provides earnings guidance for the second quarter and full year ending December 31, 2022. For the second quarter, The company expects net sales to be JPY 17,000 million, Operating profit to be JPY 1,850 million, profit attributable to owners of parent to be JPY 450 million or JPY 8.26 per basic share.For the full year, The company expects net sales to be JPY 38,000 million, Operating profit to be JPY 5,000 million, profit attributable to owners of parent to be JPY 1,400 million or JPY 25.70 per basic share. Board Change • Apr 27
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. 3 experienced directors. 6 highly experienced directors. 2 independent directors (3 non-independent directors). Independent Outside Director Kiyohisa Ota was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 08
W-SCOPE Corporation to Report Q1, 2022 Results on May 12, 2022 W-SCOPE Corporation announced that they will report Q1, 2022 results on May 12, 2022 Reported Earnings • Feb 17
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: JP¥56.66 loss per share (up from JP¥299 loss in FY 2020). Revenue: JP¥30.0b (up 62% from FY 2020). Net loss: JP¥2.94b (loss narrowed 74% from FY 2020). Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 25%, compared to a 6.5% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Feb 11
W-Scope Corporation Revises Consolidated Earnings Guidance for the Year Ended December 31, 2021 W-Scope Corporation revised consolidated earnings guidance for the year ended December 31, 2021. For the year, the company expects Sales of JPY 29,900 million as compared to JPY 28,000 million expected previously. Operating profit is expected to be JPY 1,800 million as compared to JPY 1,200 million expected previously. Net profit attributable to the shareholders of the parent is expected to JPY 3,000 million. EPS is expected to be JPY 55.08. Increase in sales was due to a slight improvement in shipping conditions in the fourth quarter, which resulted in better-than-planned shipments. Operating profit expected to improve due to an increase in shipment volume and a reduction in the cost burden of product transportation from the time of the previous announcement. In addition, the option evaluation of convertible bond-type stock acquisition rights issued by the subsidiary was completed at the end of the current consolidated fiscal year, and the amount of derivative loss due to the increase in the value of the subsidiary was fixed. As the result, the full-year Recurring loss JPY 3,400 million, and Net Loss attributed to the parent's shareholders is JPY 3,000 million. This derivative incurs a loss if the value of the convertible bond issuer rises at the time of settlement. Breakeven Date Change • Dec 04
Forecast breakeven date pushed back to 2022 The analyst covering W-SCOPE previously expected the company to break even in 2021. New forecast suggests losses will reduce by 74% to 2021. The company is expected to make a profit of JP¥2.20b in 2022. Average annual earnings growth of 64% is required to achieve expected profit on schedule. Reported Earnings • Nov 19
Third quarter 2021 earnings released: JP¥56.39 loss per share (vs JP¥47.35 loss in 3Q 2020) The company reported a mediocre third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: JP¥7.64b (up 55% from 3Q 2020). Net loss: JP¥3.07b (loss widened 79% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Sep 15
Next Level Co., Ltd. and KB Securities Co., Ltd. agreed to acquire 15.24% stake in W-SCOPE Chungju Plant CO.,LTD. from W-SCOPE Corporation (TSE:6619) for approximately KRW 170 billion Next Level Co., Ltd. and KB Securities Co., Ltd. agreed to acquire 15.24% stake in W-SCOPE Chungju Plant CO.,LTD. from W-SCOPE Corporation (TSE:6619) for approximately KRW 170 billion on September 9, 2021. Proceeds will be used to by repaying its bank loans in full and the remaining fund after the repayment of the loan will be used for future capital investment. For the year ended December 31, 2021 W-SCOPE CHUNGJU recorded the total assets of approximately KRW 520 billion, EBIT of KRW 10 billion, total common equity of approximately KRW 160 billion and net income of KRW 31 billion. The deal is subject to approval from W-SCOPE Corporation board. As of September 9, 2021 W-SCOPE Corporation board approved the deal. The deal is expected to complete in a week starting from September 13, 2021. Reported Earnings • Aug 13
Second quarter 2021 earnings released: JP¥6.34 loss per share (vs JP¥48.81 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: JP¥6.60b (up 175% from 2Q 2020). Net loss: JP¥338.0m (loss narrowed 81% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Reported Earnings • May 16
First quarter 2021 earnings released: JP¥1.63 loss per share (vs JP¥25.02 loss in 1Q 2020) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: JP¥6.09b (up 35% from 1Q 2020). Net loss: JP¥74.0m (loss narrowed 92% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 06
Full year 2020 earnings released: JP¥299 loss per share (vs JP¥108 loss in FY 2019) The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: JP¥18.5b (up 40% from FY 2019). Net loss: JP¥11.2b (loss widened 218% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 22% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Mar 08
New 90-day low: JP¥745 The company is down 14% from its price of JP¥864 on 08 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is flat over the same period. Announcement • Feb 18
W-SCOPE Corporation, Annual General Meeting, Mar 30, 2021 W-SCOPE Corporation, Annual General Meeting, Mar 30, 2021. Reported Earnings • Feb 17
Full year 2020 earnings released: JP¥299 loss per share (vs JP¥108 loss in FY 2019) The company reported a mediocre full year result with increased losses and weaker control over costs, although revenues improved. Full year 2020 results: Revenue: JP¥18.5b (up 40% from FY 2019). Net loss: JP¥11.2b (loss widened 218% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Analyst Estimate Surprise Post Earnings • Feb 17
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 3.6%. Earnings per share (EPS) exceeded analyst estimates by 529%. Over the next year, revenue is forecast to grow 36%, compared to a 6.8% growth forecast for the Chemicals industry in Japan. Is New 90 Day High Low • Jan 13
New 90-day high: JP¥1,070 The company is up 34% from its price of JP¥798 on 15 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 29
New 90-day high: JP¥958 The company is up 33% from its price of JP¥722 on 30 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Announcement • Dec 20
W-SCOPE Corporation to Report Fiscal Year 2020 Results on Feb 15, 2021 W-SCOPE Corporation announced that they will report fiscal year 2020 results on Feb 15, 2021 Price Target Changed • Dec 01
Price target raised to JP¥1,230 Up from JP¥1,110, the current price target is an average from 2 analysts. The new target price is 54% above the current share price of JP¥801. As of last close, the stock is down 8.9% over the past year. Announcement • Oct 16
W-SCOPE Corporation announced that it has received ¥44.59965 million in funding from SBI Securities Co., Ltd., Investment Arm, Macquarie Bank Limited, Investment Arm On October 14, 2020, W-SCOPE Corporation (TSE:6619) closed the transaction. Announcement • Oct 10
W-SCOPE Corporation to Report Q3, 2020 Results on Nov 12, 2020 W-SCOPE Corporation announced that they will report Q3, 2020 results on Nov 12, 2020 Announcement • Oct 06
W-SCOPE Corporation announced that it expects to receive ¥44.59965 million in funding from SBI Securities Co., Ltd., Investment Arm, Macquarie Bank Limited, Investment Arm W-SCOPE Corporation (TSE:6619) announced a private placement of 32,735, 6th and 7th stock acquisition rights and 25,400 8th stock acquisition rights at an issue price of ¥498, ¥492, ¥480 respectively each for gross proceeds of ¥44,599,650 on September 28, 2020. The transaction will include participation from SBI Securities Co., Ltd., Investment Arm for 6th Stock Acquisition Rights and Macquarie Bank Limited, Investment Arm for 7th and 8th Stock Acquisition Rights. Each stock acquisition right is exercisable into 9,087,000 common shares at a price of ¥555 each. The warrant exercise period is from October 15, 2020 to October 14, 2022. The transaction has been approved by the board of directors and is expected to close on October 14, 2020. Announcement • Jun 28
W-SCOPE Corporation to Report Q2, 2020 Results on Aug 13, 2020 W-SCOPE Corporation announced that they will report Q2, 2020 results on Aug 13, 2020