Reported Earnings • Aug 05
First quarter 2027 earnings released: EPS: JP¥15.10 (vs JP¥75.69 in 1Q 2026) First quarter 2027 results: EPS: JP¥15.10 (down from JP¥75.69 in 1Q 2026). Revenue: JP¥1.77b (down 18% from 1Q 2026). Net income: JP¥132.0m (down 80% from 1Q 2026). Profit margin: 7.4% (down from 31% in 1Q 2026). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥181 (vs JP¥19.35 in FY 2025) Full year 2026 results: EPS: JP¥181 (up from JP¥19.35 in FY 2025). Revenue: JP¥8.69b (up 41% from FY 2025). Net income: JP¥1.59b (up JP¥1.42b from FY 2025). Profit margin: 18% (up from 2.7% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Announcement • May 18
Dream Incubator Inc., Annual General Meeting, Jun 22, 2026 Dream Incubator Inc., Annual General Meeting, Jun 22, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥137 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 24 June 2026. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.5%). Declared Dividend • Feb 06
Dividend of JP¥137 announced Shareholders will receive a dividend of JP¥137. Ex-date: 30th March 2026 Payment date: 24th June 2026 Dividend yield will be 4.8%, which is higher than the industry average of 1.2%. Sustainability & Growth The dividend has increased by an average of 17% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Feb 05
Third quarter 2026 earnings released: EPS: JP¥14.90 (vs JP¥31.29 in 3Q 2025) Third quarter 2026 results: EPS: JP¥14.90 (down from JP¥31.29 in 3Q 2025). Revenue: JP¥1.86b (up 9.8% from 3Q 2025). Net income: JP¥131.0m (down 52% from 3Q 2025). Profit margin: 7.0% (down from 16% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Declared Dividend • Nov 07
Dividend of JP¥106 announced Shareholders will receive a dividend of JP¥106. Ex-date: 30th March 2026 Payment date: 1st January 1970 Dividend yield will be 4.4%, which is higher than the industry average of 1.2%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Nov 07
Second quarter 2026 earnings released: EPS: JP¥7.83 (vs JP¥11.73 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥7.83 (up from JP¥11.73 loss in 2Q 2025). Revenue: JP¥1.53b (up 27% from 2Q 2025). Net income: JP¥69.0m (up JP¥172.0m from 2Q 2025). Profit margin: 4.5% (up from net loss in 2Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Aug 28
Now 21% undervalued Over the last 90 days, the stock has risen 4.0% to JP¥2,624. The fair value is estimated to be JP¥3,306, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 75% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥75.69 (vs JP¥8.55 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥75.69 (up from JP¥8.55 loss in 1Q 2025). Revenue: JP¥2.16b (up 33% from 1Q 2025). Net income: JP¥666.0m (up JP¥741.0m from 1Q 2025). Profit margin: 31% (up from net loss in 1Q 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 24
Now 21% overvalued Over the last 90 days, the stock has fallen 20% to JP¥2,430. The fair value is estimated to be JP¥2,008, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 71% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Jun 25
Full year 2025 earnings released: EPS: JP¥19.35 (vs JP¥202 loss in FY 2024) Full year 2025 results: EPS: JP¥19.35 (up from JP¥202 loss in FY 2024). Revenue: JP¥6.18b (up 15% from FY 2024). Net income: JP¥170.0m (up JP¥2.02b from FY 2024). Profit margin: 2.7% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Board Change • Jun 24
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. 7 experienced directors. No highly experienced directors. 3 independent directors (4 non-independent directors). Independent External Director Sakon Uda 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. Buy Or Sell Opportunity • Jun 18
Now 22% overvalued Over the last 90 days, the stock has fallen 45% to JP¥2,442. The fair value is estimated to be JP¥2,008, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 71% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • May 20
Full year 2025 earnings released: EPS: JP¥19.35 (vs JP¥202 loss in FY 2024) Full year 2025 results: EPS: JP¥19.35 (up from JP¥202 loss in FY 2024). Revenue: JP¥6.18b (up 15% from FY 2024). Net income: JP¥170.0m (up JP¥2.02b from FY 2024). Profit margin: 2.7% (up from net loss in FY 2024). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • May 16
Dream Incubator Inc., Annual General Meeting, Jun 23, 2025 Dream Incubator Inc., Annual General Meeting, Jun 23, 2025. Buy Or Sell Opportunity • Apr 04
Now 21% overvalued Over the last 90 days, the stock has fallen 26% to JP¥2,475. The fair value is estimated to be JP¥2,038, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 64% over the last 3 years. Meanwhile, the company became loss making. New Risk • Mar 28
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 Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥317 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 18 June 2025. Trailing yield: 9.4%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%). Announcement • Mar 04
Dream Incubator Inc. to Report Fiscal Year 2025 Results on May 15, 2025 Dream Incubator Inc. announced that they will report fiscal year 2025 results on May 15, 2025 Reported Earnings • Feb 06
Third quarter 2025 earnings released: EPS: JP¥31.29 (vs JP¥41.10 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥31.29 (up from JP¥41.10 loss in 3Q 2024). Revenue: JP¥1.70b (up 24% from 3Q 2024). Net income: JP¥275.0m (up JP¥639.0m from 3Q 2024). Profit margin: 16% (up from net loss in 3Q 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. New Risk • Nov 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.8% average weekly change). Buy Or Sell Opportunity • Nov 05
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 40% to JP¥2,745. The fair value is estimated to be JP¥2,189, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 54% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Nov 03
Second quarter 2025 earnings released: JP¥11.73 loss per share (vs JP¥52.79 loss in 2Q 2024) Second quarter 2025 results: JP¥11.73 loss per share (improved from JP¥52.79 loss in 2Q 2024). Revenue: JP¥1.21b (down 2.4% from 2Q 2024). Net loss: JP¥103.0m (loss narrowed 79% from 2Q 2024). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Aug 08
Now 23% overvalued Over the last 90 days, the stock has fallen 18% to JP¥2,014. The fair value is estimated to be JP¥1,640, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 43% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 07
First quarter 2025 earnings released: JP¥8.55 loss per share (vs JP¥19.37 loss in 1Q 2024) First quarter 2025 results: JP¥8.55 loss per share (improved from JP¥19.37 loss in 1Q 2024). Revenue: JP¥1.63b (up 39% from 1Q 2024). Net loss: JP¥75.0m (loss narrowed 60% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. New Risk • Jul 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.3% average weekly change). Reported Earnings • Jun 21
Full year 2024 earnings released: JP¥202 loss per share (vs JP¥1,184 profit in FY 2023) Full year 2024 results: JP¥202 loss per share (down from JP¥1,184 profit in FY 2023). Revenue: JP¥5.38b (down 82% from FY 2023). Net loss: JP¥1.85b (down 116% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. New Risk • Jun 13
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 6.0% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • May 16
Full year 2024 earnings released: JP¥202 loss per share (vs JP¥1,184 profit in FY 2023) Full year 2024 results: JP¥202 loss per share (down from JP¥1,184 profit in FY 2023). Revenue: JP¥5.38b (down 82% from FY 2023). Net loss: JP¥1.85b (down 116% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • May 15
Dream Incubator Inc., Annual General Meeting, Jun 17, 2024 Dream Incubator Inc., Annual General Meeting, Jun 17, 2024. Announcement • Mar 24
Dream Incubator Inc. to Report Fiscal Year 2024 Results on May 13, 2024 Dream Incubator Inc. announced that they will report fiscal year 2024 results on May 13, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥128 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 21 June 2024. The company last paid an ordinary dividend in May 2013. The average dividend yield among industry peers is 2.8%. Reported Earnings • Feb 03
Third quarter 2024 earnings released: JP¥41.10 loss per share (vs JP¥44.67 profit in 3Q 2023) Third quarter 2024 results: JP¥41.10 loss per share (down from JP¥44.67 profit in 3Q 2023). Revenue: JP¥1.37b (down 86% from 3Q 2023). Net loss: JP¥364.0m (down 184% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Announcement • Dec 09
Dream Incubator Inc. to Report Q3, 2024 Results on Feb 01, 2024 Dream Incubator Inc. announced that they will report Q3, 2024 results on Feb 01, 2024 Valuation Update With 7 Day Price Move • Dec 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,713, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 15x in the Insurance industry in Japan. Total returns to shareholders of 100% over the past three years. New Risk • Dec 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Large one-off items impacting financial results. Reported Earnings • Nov 02
Second quarter 2024 earnings released: JP¥52.79 loss per share (vs JP¥29.61 profit in 2Q 2023) Second quarter 2024 results: JP¥52.79 loss per share (down from JP¥29.61 profit in 2Q 2023). Revenue: JP¥1.24b (down 88% from 2Q 2023). Net loss: JP¥487.0m (down 269% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥3,035, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 18x in the Insurance industry in Japan. Total returns to shareholders of 118% over the past three years. Announcement • Sep 23
Dream Incubator Inc. to Report Q2, 2024 Results on Nov 01, 2023 Dream Incubator Inc. announced that they will report Q2, 2024 results on Nov 01, 2023 Reported Earnings • Aug 02
First quarter 2024 earnings released: JP¥19.37 loss per share (vs JP¥74.64 profit in 1Q 2023) First quarter 2024 results: JP¥19.37 loss per share (down from JP¥74.64 profit in 1Q 2023). Revenue: JP¥1.17b (down 87% from 1Q 2023). Net loss: JP¥187.0m (down 126% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Jun 26
Dream Incubator Inc. to Report Q1, 2024 Results on Aug 01, 2023 Dream Incubator Inc. announced that they will report Q1, 2024 results on Aug 01, 2023 Reported Earnings • Jun 22
Full year 2023 earnings released: EPS: JP¥1,184 (vs JP¥0.72 in FY 2022) Full year 2023 results: EPS: JP¥1,184 (up from JP¥0.72 in FY 2022). Revenue: JP¥30.1b (down 15% from FY 2022). Net income: JP¥11.6b (up JP¥11.5b from FY 2022). Profit margin: 38% (up from 0% in FY 2022). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 13
Full year 2023 earnings released: EPS: JP¥1,184 (vs JP¥0.72 in FY 2022) Full year 2023 results: EPS: JP¥1,184 (up from JP¥0.72 in FY 2022). Revenue: JP¥30.1b (down 15% from FY 2022). Net income: JP¥11.6b (up JP¥11.5b from FY 2022). Profit margin: 38% (up from 0% in FY 2022). Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Dream Incubator Inc., Annual General Meeting, Jun 20, 2023 Dream Incubator Inc., Annual General Meeting, Jun 20, 2023. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥3,195, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 18x in the Insurance industry in Japan. Total returns to shareholders of 131% over the past three years. Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥44.67 (vs JP¥17.49 in 3Q 2022) Third quarter 2023 results: EPS: JP¥44.67 (up from JP¥17.49 in 3Q 2022). Revenue: JP¥10.1b (up 8.6% from 3Q 2022). Net income: JP¥436.0m (up 157% from 3Q 2022). Profit margin: 4.3% (up from 1.8% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 16
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥2,627, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 19x in the Insurance industry in Japan. Total returns to shareholders of 66% over the past three years. Announcement • Jan 12
Dai-ichi Life Holdings, Inc. (TSE:8750) completed the acquisition of 99.23% stake in ipet Holdings, Inc. (TSE:7339) from the shareholders for ¥38.7 billion. Dai-ichi Life Holdings, Inc. (TSE:8750) made an offer to acquire ipet Holdings, Inc. (TSE:7339) from the shareholders for ¥39 billion on November 7, 2022. Dai-Ichi will acquire 10.99 million shares at ¥3550 each. The transaction is subject to a minimum of 7.3 million shares to be tendered. The board of ipet Holdings recommends the shareholders to tender their shares during the offer. The tender offer will commence on November 8, 2022, and close on December 20, 2022. As of December 19, 2022, Tender offer is expected to close on January 10, 2023.
Nomura Securities Co., Ltd. acted as financial advisor to Dai-ichi Life Holdings, Daiwa Securities Co. Ltd. acted as financial advisor to ipet Holdings, Inc and Iwata Godo Attorneys and Counselors at Law acted as legal advisor to ipet Holdings, Inc. BofA Securities Japan Co., Ltd. and Mizuho Securities Co., Ltd. acted as financial advisor to Dai-ichi Life. Nishimura & Asahi acted as a legal advisor to Dai-ichi Life.
Dai-ichi Life Holdings, Inc. (TSE:8750) completed the acquisition of 99.23% stake in ipet Holdings, Inc. (TSE:7339) from the shareholders for ¥38.7 billion on January 10, 2022. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥2,332, the stock trades at a trailing P/E ratio of 19.7x. Average trailing P/E is 19x in the Insurance industry in Japan. Total returns to shareholders of 46% over the past three years. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. External Director Sakon Uda was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 09
Second quarter 2023 earnings released: EPS: JP¥29.61 (vs JP¥11.14 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥29.61 (up from JP¥11.14 loss in 2Q 2022). Revenue: JP¥9.89b (up 12% from 2Q 2022). Net income: JP¥289.0m (up JP¥397.0m from 2Q 2022). Profit margin: 2.9% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥74.64 (vs JP¥2.17 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥74.64 (up from JP¥2.17 loss in 1Q 2022). Revenue: JP¥8.98b (up 13% from 1Q 2022). Net income: JP¥728.0m (up JP¥749.0m from 1Q 2022). Profit margin: 8.1% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Reported Earnings • Jun 22
Full year 2022 earnings released: EPS: JP¥0.72 (vs JP¥215 loss in FY 2021) Full year 2022 results: EPS: JP¥0.72 (up from JP¥215 loss in FY 2021). Revenue: JP¥35.6b (up 28% from FY 2021). Net income: JP¥7.00m (up JP¥2.11b from FY 2021). Profit margin: 0% (up from net loss in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Announcement • May 18
Dream Incubator Inc., Annual General Meeting, Jun 17, 2022 Dream Incubator Inc., Annual General Meeting, Jun 17, 2022. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥0.72 (vs JP¥215 loss in FY 2021) Full year 2022 results: EPS: JP¥0.72 (up from JP¥215 loss in FY 2021). Revenue: JP¥35.6b (up 28% from FY 2021). Net income: JP¥7.00m (up JP¥2.11b from FY 2021). Profit margin: 0% (up from net loss in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. 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. 9 experienced directors. No highly experienced directors. 2 independent directors (7 non-independent directors). Independent External Director Tadashi Naka was the last independent director to join the board, commencing their role in 2017. 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
Dream Incubator Inc. to Report Fiscal Year 2022 Results on May 13, 2022 Dream Incubator Inc. announced that they will report fiscal year 2022 results on May 13, 2022 Announcement • Apr 06
Gupshup Inc. acquired Active Intelligence Pte Ltd. Gupshup Inc. acquired Active Intelligence Pte Ltd. on April 5, 2022.
Gupshup Inc. completed the acquisition of Active Intelligence Pte Ltd. on April 5, 2022. Reported Earnings • Feb 08
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥17.49 (up from JP¥19.58 loss in 3Q 2021). Revenue: JP¥9.31b (up 41% from 3Q 2021). Net income: JP¥170.0m (up JP¥362.0m from 3Q 2021). Profit margin: 1.8% (up from net loss in 3Q 2021). 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 126 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 10
Second quarter 2022 earnings released: JP¥11.14 loss per share (vs JP¥10.21 loss in 2Q 2021) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2022 results: Revenue: JP¥8.82b (up 21% from 2Q 2021). Net loss: JP¥108.0m (loss widened 8.0% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 19
Full year 2021 earnings released: JP¥215 loss per share (vs JP¥20.27 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: JP¥27.8b (up 23% from FY 2020). Net loss: JP¥2.11b (loss widened JP¥1.91b from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
Full year 2021 earnings released: JP¥215 loss per share (vs JP¥20.27 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: JP¥27.8b (up 23% from FY 2020). Net loss: JP¥2.11b (loss widened JP¥1.91b from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Announcement • Mar 18
Dream Incubator Inc. to Report Fiscal Year 2021 Results on May 14, 2021 Dream Incubator Inc. announced that they will report fiscal year 2021 results on May 14, 2021 Announcement • Mar 16
Dream Incubator Inc. (TSE:4310) and ipet Insurance Co., Ltd. completed the acquisition of Pet's All Right, Inc from Recruit Co., Ltd. Dream Incubator Inc. (TSE:4310) and ipet Insurance Co., Ltd. entered into a share transfer agreement to acquire Pet's All Right, Inc. from Recruit Co., Ltd. on October 21, 2020. The consideration will be paid in cash. Pets all right business generated total sales of ¥368 million for the year ending March 31, 2020. The transaction is subject to obtaining the approval of the Prime Minister as stipulated in Article 271-22, Paragraph 1 of the Insurance Business Law and the implementation of incidental procedures. The transaction is expected to close on December 1, 2020.
Dream Incubator Inc. (TSE:4310) and ipet Insurance Co., Ltd. completed the acquisition of Pet's All Right, Inc. from Recruit Co., Ltd. on March 15, 2021. Is New 90 Day High Low • Feb 26
New 90-day low: JP¥1,180 The company is down 21% from its price of JP¥1,498 on 27 November 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 8.0% over the same period. Reported Earnings • Feb 05
Third quarter 2021 earnings released: JP¥19.58 loss per share (vs JP¥16.74 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: JP¥6.59b (up 10% from 3Q 2020). Net loss: JP¥192.0m (down 218% from profit in 3Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 89 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 04
New 90-day low: JP¥1,228 The company is down 20% from its price of JP¥1,537 on 06 November 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 13% over the same period. Is New 90 Day High Low • Dec 11
New 90-day low: JP¥1,399 The company is down 5.0% from its price of JP¥1,466 on 11 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Insurance industry, which is up 4.0% over the same period. 
