Announcement • Jun 03
REFINVERSE Group, Inc. to Report Fiscal Year 2026 Results on Aug 14, 2026 REFINVERSE Group, Inc. announced that they will report fiscal year 2026 results on Aug 14, 2026 Valuation Update With 7 Day Price Move • May 22
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to JP¥2,020, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 19% over the past three years. New Risk • May 20
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 22% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (23% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (JP¥6.56b market cap, or US$41.2m). Valuation Update With 7 Day Price Move • May 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥1,785, the stock trades at a trailing P/E ratio of 41.5x. Average trailing P/E is 15x in the Commercial Services industry in Japan. Total loss to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 34% After last week's 34% share price gain to JP¥2,061, the stock trades at a trailing P/E ratio of 47.9x. Average trailing P/E is 15x in the Commercial Services industry in Japan. Total returns to shareholders of 2.7% over the past three years. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥1,387, the stock trades at a trailing P/E ratio of 32.3x. Average trailing P/E is 15x in the Commercial Services industry in Japan. Total loss to shareholders of 34% over the past three years. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,000, the stock trades at a trailing P/E ratio of 23.3x. Average trailing P/E is 15x in the Commercial Services industry in Japan. Total loss to shareholders of 48% over the past three years. New Risk • Feb 18
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 10% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (10% operating cash flow to total debt). Minor Risk Market cap is less than US$100m (JP¥3.02b market cap, or US$19.7m). Reported Earnings • Feb 16
Second quarter 2026 earnings released: EPS: JP¥27.18 (vs JP¥18.22 in 2Q 2025) Second quarter 2026 results: EPS: JP¥27.18 (up from JP¥18.22 in 2Q 2025). Revenue: JP¥1.11b (up 4.0% from 2Q 2025). Net income: JP¥91.0m (up 49% from 2Q 2025). Profit margin: 8.2% (up from 5.7% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Nov 29
REFINVERSE Group, Inc. to Report Q2, 2026 Results on Feb 13, 2026 REFINVERSE Group, Inc. announced that they will report Q2, 2026 results on Feb 13, 2026 Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥835, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 14x in the Commercial Services industry in Japan. Total loss to shareholders of 62% over the past three years. Reported Earnings • Oct 04
Full year 2025 earnings released: EPS: JP¥43.60 (vs JP¥1.20 in FY 2024) Full year 2025 results: EPS: JP¥43.60 (up from JP¥1.20 in FY 2024). Revenue: JP¥4.07b (up 5.7% from FY 2024). Net income: JP¥146.0m (up JP¥142.0m from FY 2024). Profit margin: 3.6% (up from 0.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Announcement • Sep 27
REFINVERSE Group, Inc. to Report Q1, 2026 Results on Nov 14, 2025 REFINVERSE Group, Inc. announced that they will report Q1, 2026 results on Nov 14, 2025 Buy Or Sell Opportunity • Sep 25
Now 23% undervalued Over the last 90 days, the stock has risen 37% to JP¥1,082. The fair value is estimated to be JP¥1,402, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 2.9%. Buy Or Sell Opportunity • Sep 09
Now 24% undervalued Over the last 90 days, the stock has risen 34% to JP¥1,065. The fair value is estimated to be JP¥1,400, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 2.9%. Valuation Update With 7 Day Price Move • Sep 04
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥1,204, the stock trades at a trailing P/E ratio of 27.6x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total loss to shareholders of 35% over the past three years. New Risk • Sep 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 4.9% 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: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (4.9% average weekly change). Market cap is less than US$100m (JP¥3.07b market cap, or US$20.9m). Reported Earnings • Aug 16
Full year 2025 earnings released: EPS: JP¥43.60 (vs JP¥1.20 in FY 2024) Full year 2025 results: EPS: JP¥43.60 (up from JP¥1.20 in FY 2024). Revenue: JP¥4.07b (up 5.7% from FY 2024). Net income: JP¥146.0m (up JP¥142.0m from FY 2024). Profit margin: 3.6% (up from 0.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Announcement • Aug 14
REFINVERSE Group, Inc., Annual General Meeting, Sep 29, 2025 REFINVERSE Group, Inc., Annual General Meeting, Sep 29, 2025. Announcement • Jun 03
REFINVERSE Group, Inc. to Report Fiscal Year 2025 Results on Aug 14, 2025 REFINVERSE Group, Inc. announced that they will report fiscal year 2025 results on Aug 14, 2025 Reported Earnings • May 21
Third quarter 2025 earnings released: EPS: JP¥5.68 (vs JP¥9.27 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥5.68 (up from JP¥9.27 loss in 3Q 2024). Revenue: JP¥1.02b (up 5.8% from 3Q 2024). Net income: JP¥19.0m (up JP¥50.0m from 3Q 2024). Profit margin: 1.9% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 21% per year. New Risk • Apr 07
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 6.6% 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: Major Risk Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (JP¥2.12b market cap, or US$14.5m). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥640, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total loss to shareholders of 48% over the past three years. Buy Or Sell Opportunity • Apr 07
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.0% to JP¥640. The fair value is estimated to be JP¥813, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Announcement • Mar 01
REFINVERSE Group, Inc. to Report Q3, 2025 Results on May 15, 2025 REFINVERSE Group, Inc. announced that they will report Q3, 2025 results on May 15, 2025 Reported Earnings • Feb 16
Second quarter 2025 earnings released: EPS: JP¥18.22 (vs JP¥4.19 in 2Q 2024) Second quarter 2025 results: EPS: JP¥18.22 (up from JP¥4.19 in 2Q 2024). Revenue: JP¥1.07b (up 19% from 2Q 2024). Net income: JP¥61.0m (up 336% from 2Q 2024). Profit margin: 5.7% (up from 1.6% in 2Q 2024). The increase in margin was driven by higher revenue. Announcement • Nov 30
REFINVERSE Group, Inc. to Report Q2, 2025 Results on Feb 14, 2025 REFINVERSE Group, Inc. announced that they will report Q2, 2025 results on Feb 14, 2025 New Risk • Nov 07
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: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥2.29b market cap, or US$14.8m). Announcement • Sep 27
REFINVERSE Group, Inc. to Report Q1, 2025 Results on Nov 14, 2024 REFINVERSE Group, Inc. announced that they will report Q1, 2025 results on Nov 14, 2024 Reported Earnings • Aug 19
Full year 2024 earnings released: EPS: JP¥1.20 (vs JP¥152 loss in FY 2023) Full year 2024 results: EPS: JP¥1.20 (up from JP¥152 loss in FY 2023). Revenue: JP¥3.85b (down 14% from FY 2023). Net income: JP¥4.00m (up JP¥508.0m from FY 2023). Profit margin: 0.1% (up from net loss in FY 2023). Announcement • Aug 14
REFINVERSE Group, Inc., Annual General Meeting, Sep 25, 2024 REFINVERSE Group, Inc., Annual General Meeting, Sep 25, 2024. Announcement • Jun 28
REFINVERSE Group, Inc. to Report Fiscal Year 2024 Results on Aug 14, 2024 REFINVERSE Group, Inc. announced that they will report fiscal year 2024 results on Aug 14, 2024 Reported Earnings • May 21
Third quarter 2024 earnings released: JP¥9.27 loss per share (vs JP¥22.77 profit in 3Q 2023) Third quarter 2024 results: JP¥9.27 loss per share (down from JP¥22.77 profit in 3Q 2023). Revenue: JP¥959.0m (down 17% from 3Q 2023). Net loss: JP¥31.0m (down 141% from profit in 3Q 2023). Announcement • Mar 28
REFINVERSE Group, Inc. to Report Q3, 2024 Results on May 15, 2024 REFINVERSE Group, Inc. announced that they will report Q3, 2024 results on May 15, 2024 Buy Or Sell Opportunity • Feb 20
Now 22% overvalued Over the last 90 days, the stock has fallen 16% to JP¥895. The fair value is estimated to be JP¥733, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 8.6% over the last year. Meanwhile, the company became loss making. Reported Earnings • Feb 16
Second quarter 2024 earnings released: EPS: JP¥4.19 (vs JP¥6.04 in 2Q 2023) Second quarter 2024 results: EPS: JP¥4.19 (down from JP¥6.04 in 2Q 2023). Revenue: JP¥901.0m (down 23% from 2Q 2023). Net income: JP¥14.0m (down 30% from 2Q 2023). Profit margin: 1.6% (down from 1.7% in 2Q 2023). Announcement • Nov 27
REFINVERSE Group, Inc. to Report Q2, 2024 Results on Feb 14, 2024 REFINVERSE Group, Inc. announced that they will report Q2, 2024 results on Feb 14, 2024 New Risk • Oct 04
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 7.3% 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 Risks Latest financial reports are more than 1 year old (reported June 2021 fiscal period end). Share price has been highly volatile over the past 3 months (7.3% average weekly change). Minor Risk Market cap is less than US$100m (JP¥4.78b market cap, or US$31.9m). Announcement • Sep 28
REFINVERSE Group, Inc. to Report Q1, 2024 Results on Nov 14, 2023 REFINVERSE Group, Inc. announced that they will report Q1, 2024 results on Nov 14, 2023 Announcement • Aug 31
REFINVERSE Group, Inc., Annual General Meeting, Sep 28, 2023 REFINVERSE Group, Inc., Annual General Meeting, Sep 28, 2023. Announcement • Jun 03
REFINVERSE Group, Inc. to Report Fiscal Year 2023 Results on Aug 14, 2023 REFINVERSE Group, Inc. announced that they will report fiscal year 2023 results on Aug 14, 2023 Announcement • Jan 13
REFINVERSE Group, Inc. to Report Q2, 2023 Results on Feb 14, 2023 REFINVERSE Group, Inc. announced that they will report Q2, 2023 results on Feb 14, 2023 Board Change • Nov 16
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. 8 experienced directors. 1 highly experienced director. 1 independent director (5 non-independent directors). CTO, Manager of Manufacturing Department & Director Kenichi Horiuchi was the last director to join the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Sep 28
REFINVERSE Group, Inc. to Report Q1, 2023 Results on Nov 14, 2022 REFINVERSE Group, Inc. announced that they will report Q1, 2023 results on Nov 14, 2022 Announcement • Aug 17
REFINVERSE Group, Inc., Annual General Meeting, Sep 28, 2022 REFINVERSE Group, Inc., Annual General Meeting, Sep 28, 2022. Announcement • Jun 03
REFINVERSE Group, Inc. to Report Fiscal Year 2022 Results on Aug 12, 2022 REFINVERSE Group, Inc. announced that they will report fiscal year 2022 results on Aug 12, 2022 Announcement • May 31
REFINVERSE Group, Inc. (TSE:7375) entered into a basic agreement to acquire Connection Co., Ltd. from Shuhei Yamamoto. REFINVERSE Group, Inc. (TSE:7375) entered into a basic agreement to acquire Connection Co., Ltd. from Shuhei Yamamoto on May 30, 2022. REFINVERSE Group, Inc. will acquire 60 shares of Connection Co., Ltd. in the deal. Connection Co., Ltd. had total assets of ¥1.4 billion, net assets of ¥13 million, sales of ¥900 million, operating income of ¥15 million and nil net income for the year ended October 2021. The Board of REFINVERSE Group, Inc. has resolved the deal on May 30, 2022. The share transfer agreement signing date is planned during June 2022.The deal is expected to complete during July 2022. 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. 11 experienced directors. No highly experienced directors. 1 independent director (7 non-independent directors). Independent Outside Director Shuichi Sekiguchi was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 05
Full year 2021 earnings released: JP¥52.26 loss per share (vs JP¥87.87 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: JP¥2.72b (up 1.0% from FY 2020). Net loss: JP¥170.0m (loss narrowed 37% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.