Announcement • Aug 04
MetaReal Corporation to Report Q2, 2027 Results on Oct 15, 2026 MetaReal Corporation announced that they will report Q2, 2027 results on Oct 15, 2026 Valuation Update With 7 Day Price Move • Jul 22
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥446, the stock trades at a trailing P/E ratio of 69x. Average trailing P/E is 14x in the Commercial Services industry in Japan. Total loss to shareholders of 73% over the past three years. Reported Earnings • Jul 17
First quarter 2027 earnings released: JP¥3.49 loss per share (vs JP¥5.58 loss in 1Q 2026) First quarter 2027 results: JP¥3.49 loss per share (improved from JP¥5.58 loss in 1Q 2026). Revenue: JP¥995.0m (down 12% from 1Q 2026). Net loss: JP¥38.0m (loss narrowed 37% from 1Q 2026). Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 36% per year. Reported Earnings • Jun 02
Full year 2026 earnings released: EPS: JP¥4.41 (vs JP¥27.58 in FY 2025) Full year 2026 results: EPS: JP¥4.41 (down from JP¥27.58 in FY 2025). Revenue: JP¥4.49b (up 9.9% from FY 2025). Net income: JP¥48.0m (down 84% from FY 2025). Profit margin: 1.1% (down from 7.3% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Board Change • Jun 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. 4 experienced directors. 4 highly experienced directors. CAIO & Director Goushi Yonekura was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • May 17
MetaReal Corporation to Report Q1, 2027 Results on Jul 15, 2026 MetaReal Corporation announced that they will report Q1, 2027 results on Jul 15, 2026 Reported Earnings • Apr 15
Full year 2026 earnings released: EPS: JP¥4.41 (vs JP¥27.58 in FY 2025) Full year 2026 results: EPS: JP¥4.41 (down from JP¥27.58 in FY 2025). Revenue: JP¥4.49b (up 9.9% from FY 2025). Net income: JP¥48.0m (down 84% from FY 2025). Profit margin: 1.1% (down from 7.3% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Announcement • Apr 14
MetaReal Corporation, Annual General Meeting, May 28, 2026 MetaReal Corporation, Annual General Meeting, May 28, 2026. Announcement • Apr 07
MetaReal Corporation to Report Fiscal Year 2026 Results on Apr 14, 2026 MetaReal Corporation announced that they will report fiscal year 2026 results on Apr 14, 2026 New Risk • Jan 23
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 8.0% 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 (8.0% average weekly change). Minor Risk Market cap is less than US$100m (JP¥5.86b market cap, or US$36.9m). Reported Earnings • Jan 15
Third quarter 2026 earnings released: EPS: JP¥5.60 (vs JP¥20.74 in 3Q 2025) Third quarter 2026 results: EPS: JP¥5.60 (down from JP¥20.74 in 3Q 2025). Revenue: JP¥1.16b (up 18% from 3Q 2025). Net income: JP¥61.0m (down 73% from 3Q 2025). Profit margin: 5.2% (down from 23% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. New Risk • Dec 19
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 5.8% 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 Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Market cap is less than US$100m (JP¥4.62b market cap, or US$29.3m). Announcement • Nov 22
MetaReal Corporation to Report Q3, 2026 Results on Jan 14, 2026 MetaReal Corporation announced that they will report Q3, 2026 results on Jan 14, 2026 Reported Earnings • Oct 16
Second quarter 2026 earnings released: JP¥0.76 loss per share (vs JP¥5.82 profit in 2Q 2025) Second quarter 2026 results: JP¥0.76 loss per share (down from JP¥5.82 profit in 2Q 2025). Revenue: JP¥1.08b (up 9.1% from 2Q 2025). Net loss: JP¥8.28m (down 113% from profit in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Jul 26
MetaReal Corporation to Report Q2, 2026 Results on Oct 15, 2025 MetaReal Corporation announced that they will report Q2, 2026 results on Oct 15, 2025 Reported Earnings • Jul 17
First quarter 2026 earnings released: JP¥5.58 loss per share (vs JP¥12.54 profit in 1Q 2025) First quarter 2026 results: JP¥5.58 loss per share (down from JP¥12.54 profit in 1Q 2025). Revenue: JP¥1.13b (flat on 1Q 2025). Net loss: JP¥60.7m (down 145% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥672, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total loss to shareholders of 29% over the past three years. Reported Earnings • Jun 04
Full year 2025 earnings released: EPS: JP¥27.58 (vs JP¥49.78 in FY 2024) Full year 2025 results: EPS: JP¥27.58 (down from JP¥49.78 in FY 2024). Revenue: JP¥4.08b (down 2.2% from FY 2024). Net income: JP¥299.0m (down 44% from FY 2024). Profit margin: 7.3% (down from 13% in FY 2024). Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • May 27
MetaReal Corporation to Report Q1, 2026 Results on Jul 15, 2025 MetaReal Corporation announced that they will report Q1, 2026 results on Jul 15, 2025 New Risk • Apr 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 161% 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 (161% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (JP¥5.42b market cap, or US$38.0m). Reported Earnings • Apr 15
Full year 2025 earnings released: EPS: JP¥37.82 (vs JP¥49.78 in FY 2024) Full year 2025 results: EPS: JP¥37.82 (down from JP¥49.78 in FY 2024). Revenue: JP¥4.08b (down 2.2% from FY 2024). Net income: JP¥410.0m (down 23% from FY 2024). Profit margin: 10.0% (down from 13% in FY 2024). Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥499, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total loss to shareholders of 52% over the past three years. New Risk • Feb 20
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 7.5% 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 (7.5% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (JP¥7.16b market cap, or US$47.3m). Announcement • Jan 29
MetaReal Corporation to Report Fiscal Year 2025 Results on Apr 15, 2025 MetaReal Corporation announced that they will report fiscal year 2025 results on Apr 15, 2025 Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥563, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total loss to shareholders of 44% over the past three years. Reported Earnings • Jan 15
Third quarter 2025 earnings released: EPS: JP¥20.76 (vs JP¥12.54 in 3Q 2024) Third quarter 2025 results: EPS: JP¥20.76 (up from JP¥12.54 in 3Q 2024). Revenue: JP¥987.0m (down 7.4% from 3Q 2024). Net income: JP¥226.0m (up 67% from 3Q 2024). Profit margin: 23% (up from 13% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 107% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 22
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥758, the stock trades at a trailing P/E ratio of 16.5x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total loss to shareholders of 31% over the past three years. Reported Earnings • Oct 18
Second quarter 2025 earnings released: EPS: JP¥5.82 (vs JP¥16.18 in 2Q 2024) Second quarter 2025 results: EPS: JP¥5.82 (down from JP¥16.18 in 2Q 2024). Revenue: JP¥989.0m (down 12% from 2Q 2024). Net income: JP¥63.0m (down 64% from 2Q 2024). Profit margin: 6.4% (down from 15% in 2Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Oct 15
Metareal Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2025 MetaReal Corporation provided consolidated earnings guidance for the fiscal year ending February 28, 2025. For the year, the company expected net sales of JPY 4,640 million and Operating income of JPY 412 million. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥795, the stock trades at a trailing P/E ratio of 14x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total loss to shareholders of 42% over the past three years. Announcement • Jul 24
MATRIX Inc. Launches Gaussian VR Real Estate Property-Viewing Service, Automatically Generating VR Environments from Smartphone Footage MATRIX Inc., a subsidiary of Metareal Corp. announced that it has developed "Gaussian VR," a 3D real estate property-viewing solution leveraging Gaussian Splatting technology. Gaussian VR will be released as a limited beta version, and at the same time, the company has started recruiting interested companies to participate in the test program. Until now, VR real estate property viewing has been limited to stitching panoramic images together, and offers only "point movement at intervals of several meters." Gaussian VR uses Gaussian Splatting technology to construct the entire environment in 3D, allowing users to freely walk around the property. Moreover, it is an epoch-making solution that does not require specialized equipment and can be completed simply by recording footage using a typical smartphone. Uploaded footage is automatically generated into an immersive VR environment in as little as a few dozen minutes. There will no longer be any need to visit multiple properties in person, and users will be able to view every detail without limitation, including scheduling, broker availability and location. Gaussian VR is a solution that dramatically innovates the work involved in conducting property viewings, and also provides solutions to alleviate issues such as labor shortages in the real estate industry. It offers advantages to all stakeholders, including sellers, agents, brokers and potential buyers. MATRIX has released this limited edition of the beta version and is recruiting companies to participate in the free test. Reported Earnings • Jul 16
First quarter 2025 earnings released: EPS: JP¥12.54 (vs JP¥5.52 in 1Q 2024) First quarter 2025 results: EPS: JP¥12.54 (up from JP¥5.52 in 1Q 2024). Revenue: JP¥1.14b (up 16% from 1Q 2024). Net income: JP¥135.0m (up 129% from 1Q 2024). Profit margin: 12% (up from 6.0% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 22
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥1,011, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total loss to shareholders of 57% over the past three years. Announcement • Apr 16
MetaReal Corporation, Annual General Meeting, May 29, 2024 MetaReal Corporation, Annual General Meeting, May 29, 2024. Reported Earnings • Apr 16
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: JP¥49.78 (up from JP¥2.71 in FY 2023). Revenue: JP¥4.18b (down 2.7% from FY 2023). Net income: JP¥534.0m (up JP¥505.0m from FY 2023). Profit margin: 13% (up from 0.7% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) exceeded analyst estimates significantly. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. New Risk • Apr 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.1b (US$99.2m) 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 (9.7% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (JP¥15.1b market cap, or US$99.2m). Valuation Update With 7 Day Price Move • Feb 14
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥1,520, the stock trades at a trailing P/E ratio of 67.9x. Average forward P/E is 14x in the Commercial Services industry in Japan. Total loss to shareholders of 27% over the past three years. Buy Or Sell Opportunity • Feb 13
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 3.9% to JP¥1,353. The fair value is estimated to be JP¥1,111, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jan 31
MetaReal Corporation to Report Fiscal Year 2024 Results on Apr 12, 2024 MetaReal Corporation announced that they will report fiscal year 2024 results on Apr 12, 2024 Buy Or Sell Opportunity • Jan 26
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 3.2% to JP¥1,264. The fair value is estimated to be JP¥1,030, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Jan 13
Third quarter 2024 earnings released: EPS: JP¥12.55 (vs JP¥4.30 in 3Q 2023) Third quarter 2024 results: EPS: JP¥12.55 (up from JP¥4.30 in 3Q 2023). Revenue: JP¥1.07b (down 2.4% from 3Q 2023). Net income: JP¥135.1m (up 194% from 3Q 2023). Profit margin: 13% (up from 4.2% in 3Q 2023). 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. Announcement • Jan 12
MetaReal Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024 MetaReal Corporation provided consolidated earnings guidance for the fiscal year ending February 29, 2024. For the year, the company expects net sales of JPY 4,307 million and operating income of JPY 737 million. New Risk • Dec 05
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. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (JP¥13.8b market cap, or US$93.7m). Reported Earnings • Oct 15
Second quarter 2024 earnings released: EPS: JP¥10.89 (vs JP¥5.05 in 2Q 2023) Second quarter 2024 results: EPS: JP¥10.89 (up from JP¥5.05 in 2Q 2023). Revenue: JP¥1.06b (down 4.2% from 2Q 2023). Net income: JP¥116.4m (up 116% from 2Q 2023). Profit margin: 11% (up from 4.9% in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 25% per year. Reported Earnings • Jul 16
First quarter 2024 earnings released: EPS: JP¥5.52 (vs JP¥5.15 in 1Q 2023) First quarter 2024 results: EPS: JP¥5.52 (up from JP¥5.15 in 1Q 2023). Revenue: JP¥983.0m (down 7.1% from 1Q 2023). Net income: JP¥59.0m (up 7.3% from 1Q 2023). Profit margin: 6.0% (up from 5.2% in 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 44 percentage points per year, which is a significant difference in performance. Announcement • Jul 15
MetaReal Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 29, 2024 MetaReal Corporation provided consolidated earnings guidance for the fiscal year ending February 29, 2024. For the period, the company expected net sales of JPY 4,589 million and operating income of JPY 611 million. Reported Earnings • Jun 02
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥2.71 (up from JP¥116 loss in FY 2022). Revenue: JP¥4.29b (up 3.2% from FY 2022). Net income: JP¥29.0m (up JP¥1.27b from FY 2022). Profit margin: 0.7% (up from net loss in FY 2022). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 48%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 16
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥2.71 (up from JP¥116 loss in FY 2022). Revenue: JP¥4.29b (up 3.2% from FY 2022). Net income: JP¥29.0m (up JP¥1.27b from FY 2022). Profit margin: 0.7% (up from net loss in FY 2022). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 48%. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 71 percentage points per year, which is a significant difference in performance. Reported Earnings • Jan 14
Third quarter 2023 earnings released: EPS: JP¥4.31 (vs JP¥12.57 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥4.31 (up from JP¥12.57 loss in 3Q 2022). Revenue: JP¥1.09b (up 6.7% from 3Q 2022). Net income: JP¥46.1m (up JP¥180.1m from 3Q 2022). Profit margin: 4.2% (up from net loss in 3Q 2022). Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Commercial Services industry in Japan. 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 • Jan 14
MetaReal Corporation Revises Consolidated Earnings Guidance for the Year Ending February 28, 2023 MetaReal Corporation provided revised consolidated earnings guidance for the Year Ending February 28, 2023. For the year, the company expects net sales to be JPY 4,240 million. operating income to be JPY 400 million. Buying Opportunity • Jan 08
Now 20% undervalued Over the last 90 days, the stock is up 7.8%. The fair value is estimated to be JP¥1,443, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Meanwhile, the company became loss making. Announcement • Dec 22
MATRIX Inc. of MetaReal Group Announces Release of its Long-Anticipated New Feature, VR Live Broadcasting on its Reality Metaverse Space Sharing Platform DOKODEMO Door MATRIX Inc. of the MetaReal Group announced the release of its long-anticipated new feature, VR Live Broadcasting on its reality Metaverse space sharing platform DOKODEMO Door. This revolutionary new service allows creators to broadcast live 360° high-quality video in VR. About the VR Live Broadcasting function: DOKODEMO Door is a reality Metaverse platform that features 360° high-quality pre-recorded images where creators, businesses, etc., can interact with the public as Metaversers by holding and taking part in various events. Unlike live broadcasting on many video distribution sites, the newly released Live Broadcasting feature allows creators and participants to spend time in the same space. In addition, natural conversations can be conducted in real time using DOKODEMO Door's integrated automatic AI translation function, allowing participants from around the world to communicate in various languages. The following are examples of how this feature can used: Live broadcasting of classes from schools for students who are unable to physically attend; Live broadcasting of international sports competitions from around the world; For elderly people in care facilities who wish to spend time with their families; and Live broadcasting from the sites of news events from around the world as events unfold. By releasing various useful functions, the company will continue to collaborate with businesses in multiple industries so that more people can benefit from VR technology and the metaverse. Buying Opportunity • Nov 21
Now 21% undervalued Over the last 90 days, the stock is up 6.2%. The fair value is estimated to be JP¥1,506, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.5% over the last 3 years. Meanwhile, the company became loss making. Board Change • Nov 16
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Full-time Auditor Tadashi Ishikawa is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Oct 31
MetaReal Corporation to Report Q3, 2023 Results on Jan 13, 2023 MetaReal Corporation announced that they will report Q3, 2023 results on Jan 13, 2023 Reported Earnings • Oct 17
Second quarter 2023 earnings released: EPS: JP¥5.14 (vs JP¥2.16 in 2Q 2022) Second quarter 2023 results: EPS: JP¥5.14 (up from JP¥2.16 in 2Q 2022). Revenue: JP¥1.08b (up 6.4% from 2Q 2022). Net income: JP¥54.9m (up 139% from 2Q 2022). Profit margin: 5.1% (up from 2.3% in 2Q 2022). Revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Commercial Services industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 103 percentage points per year, which is a significant difference in performance. Announcement • Oct 14
MetaReal Corporation Provides Consolidated Earnings Guidance for the Year Ending February 28, 2023 MetaReal Corporation provided consolidated earnings guidance for the Year Ending February 28, 2023. For the year, the company expects net sales of JPY 4,299 million, operating income of JPY 306 million. Announcement • Aug 03
MetaReal Corporation to Report Q2, 2023 Results on Oct 14, 2022 MetaReal Corporation announced that they will report Q2, 2023 results on Oct 14, 2022 Reported Earnings • Jul 17
First quarter 2023 earnings released: EPS: JP¥5.15 (vs JP¥2.91 in 1Q 2022) First quarter 2023 results: EPS: JP¥5.15 (up from JP¥2.91 in 1Q 2022). Revenue: JP¥1.06b (up 2.4% from 1Q 2022). Net income: JP¥55.0m (up 77% from 1Q 2022). Profit margin: 5.2% (up from 3.0% in 1Q 2022). Over the next year, revenue is forecast to grow 3.8%, compared to a 5.3% growth forecast for the industry in Japan. 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. Reported Earnings • Jun 02
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: JP¥116 loss per share (down from JP¥6.46 loss in FY 2021). Revenue: JP¥4.16b (up 3.9% from FY 2021). Net loss: JP¥1.24b (loss widened JP¥1.17b from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 396%. Over the next year, revenue is forecast to grow 6.8%, compared to a 3.5% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • May 29
MetaReal Corporation to Report Q1, 2023 Results on Jul 15, 2022 MetaReal Corporation announced that they will report Q1, 2023 results on Jul 15, 2022 Board Change • Apr 27
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. 4 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). Full-time Auditor Tadashi Ishikawa is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Apr 16
MetaReal Corporation, Annual General Meeting, May 26, 2022 MetaReal Corporation, Annual General Meeting, May 26, 2022. Reported Earnings • Apr 15
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: JP¥116 loss per share (down from JP¥6.46 loss in FY 2021). Revenue: JP¥4.16b (up 3.9% from FY 2021). Net loss: JP¥1.24b (loss widened JP¥1.17b from FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 396%. Over the next year, revenue is forecast to grow 7.7%, compared to a 2.6% growth forecast for the industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Announcement • Feb 03
MetaReal Corporation to Report Q4, 2022 Results on Apr 14, 2022 MetaReal Corporation announced that they will report Q4, 2022 results on Apr 14, 2022 Reported Earnings • Jan 16
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: JP¥12.57 loss per share (down from JP¥5.82 loss in 3Q 2021). Revenue: JP¥1.03b (up 2.4% from 3Q 2021). Net loss: JP¥134.0m (loss widened 116% from 3Q 2021). Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) were also behind analyst expectations. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 17%, compared to a 3.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 21% per year. Reported Earnings • Jan 16
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: JP¥12.57 loss per share (down from JP¥5.82 loss in 3Q 2021). Revenue: JP¥1.03b (up 2.4% from 3Q 2021). Net loss: JP¥134.0m (loss widened 116% from 3Q 2021). Revenue missed analyst estimates by 6.0%. Earnings per share (EPS) were also behind analyst expectations. Earnings per share (EPS) missed analyst estimates. Over the next year, revenue is forecast to grow 17%, compared to a 3.0% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 21% per year. Reported Earnings • Dec 02
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: EPS: JP¥0.47 (up from JP¥0.19 in 2Q 2021). Revenue: JP¥1.00b (up 7.6% from 2Q 2021). Net income: JP¥5.00m (up 150% from 2Q 2021). Profit margin: 0.5% (up from 0.2% in 2Q 2021). Revenue missed analyst estimates by 3.4%. Earnings per share (EPS) also missed analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates by 12%. Over the next year, revenue is forecast to grow 14%, compared to a 3.4% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Jul 16
Rozetta Corp. Announces Consolidated Earnings Guidance for the Year Ending February 28, 2022 Rozetta Corp. announced consolidated earnings guidance for the Year Ending February 28, 2022. For the year, the company expects Net sales of JPY 4,910 million, operating income of JPY 610 million, Ordinary income of JPY 450 million, net income attributable to owners of parent of JPY 260 million and net income per share of JPY 21.89. Reported Earnings • Jul 16
First quarter 2022 earnings released: EPS JP¥4.64 (vs JP¥11.71 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥1.05b (down 1.7% from 1Q 2021). Net income: JP¥49.4m (down 59% from 1Q 2021). Profit margin: 4.7% (down from 11% in 1Q 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Major Estimate Revision • Jul 16
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from JP¥4.63b to JP¥4.57b. EPS estimate rose from JP¥24.87 to JP¥41.30. Net income forecast to shrink 36% next year vs 13% growth forecast for Commercial Services industry in Japan . Consensus price target of JP¥2,500 unchanged from last update. Share price was steady at JP¥1,894 over the past week. Announcement • Jun 16
Rozetta Corp. Provides Earnings Guidance for the Fiscal Year Ending February 28, 2022 Rozetta Corp. provided earnings guidance for the fiscal year ending February 28, 2022. For the year, the company expects Net sales of JPY 3,910 million, Operating income of JPY 450 million, Ordinary income of JPY 450 million and Net income per share of JPY 21.89. Reported Earnings • Jun 01
Full year 2021 earnings released: EPS JP¥13.31 (vs JP¥29.88 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥4.08b (up 4.2% from FY 2020). Net income: JP¥140.0m (down 55% from FY 2020). Profit margin: 3.4% (down from 7.9% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • May 13
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 EPS estimate increased from JP¥31.44 to JP¥41.30. Revenue forecast unchanged at JP¥4.63b. Net income forecast to grow 107% next year vs 13% growth forecast for Commercial Services industry in Japan. Consensus price target of JP¥2,500 unchanged from last update. Share price fell 8.2% to JP¥1,961 over the past week. Major Estimate Revision • Apr 28
Consensus EPS estimates increase to JP¥31.44 The consensus outlook for earnings per share (EPS) in 2022 has improved. 2022 revenue forecast increased from JP¥4.55b to JP¥4.63b. EPS estimate increased from JP¥21.58 to JP¥31.44 per share. Net income forecast to grow 58% next year vs 10% growth forecast for Commercial Services industry in Japan. Consensus price target down from JP¥2,800 to JP¥2,500. Share price fell 4.8% to JP¥2,209 over the past week. 
