Announcement • May 19
Koyosha Inc., Annual General Meeting, Jun 23, 2026 Koyosha Inc., Annual General Meeting, Jun 23, 2026. Announcement • May 13
Koyosha Inc. to Report Fiscal Year 2026 Results on May 19, 2026 Koyosha Inc. announced that they will report fiscal year 2026 results on May 19, 2026 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥417, the stock trades at a trailing P/E ratio of 18.6x. Average trailing P/E is 15x in the Commercial Services industry in Japan. Total returns to shareholders of 33% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥7.20 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 32% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.0%). Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥760, the stock trades at a trailing P/E ratio of 34x. Average trailing P/E is 15x in the Commercial Services industry in Japan. Total returns to shareholders of 140% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥3,380, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 16x in the Commercial Services industry in Japan. Total returns to shareholders of 133% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥2,631, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 15x in the Commercial Services industry in Japan. Total returns to shareholders of 78% over the past three years. Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥88.66 (vs JP¥60.06 in 3Q 2025) Third quarter 2026 results: EPS: JP¥88.66 (up from JP¥60.06 in 3Q 2025). Revenue: JP¥1.38b (up 8.8% from 3Q 2025). Net income: JP¥47.0m (up 15% from 3Q 2025). Profit margin: 3.4% (up from 3.2% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Announcement • Jan 06
Koyosha Inc. to Report Q3, 2026 Results on Feb 10, 2026 Koyosha Inc. announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: JP¥7.55 (vs JP¥7.35 in 2Q 2025) Second quarter 2026 results: EPS: JP¥7.55. Revenue: JP¥1.13b (up 1.0% from 2Q 2025). Net income: JP¥4.00m (down 20% from 2Q 2025). Profit margin: 0.4% (in line with 2Q 2025). Declared Dividend • Nov 12
Dividend of JP¥36.00 announced Shareholders will receive a dividend of JP¥36.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 1.5%, which is lower than the industry average of 1.8%. Sustainability & Growth Dividend is covered by earnings (40% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 24% per year over the past 6 years. However, payments have been volatile during that time. Earnings per share has grown by 56% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥1,969, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 39% over the past three years. Announcement • Oct 08
Koyosha Inc. to Report Q2, 2026 Results on Nov 10, 2025 Koyosha Inc. announced that they will report Q2, 2026 results on Nov 10, 2025 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,027, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 64% over the past three years. Reported Earnings • Aug 10
First quarter 2026 earnings released: JP¥7.54 loss per share (vs JP¥2.93 profit in 1Q 2025) First quarter 2026 results: JP¥7.54 loss per share (down from JP¥2.93 profit in 1Q 2025). Revenue: JP¥1.06b (down 1.2% from 1Q 2025). Net loss: JP¥4.00m (down 300% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 16% per year. Announcement • Aug 02
Koyosha Inc. to Report Q1, 2026 Results on Aug 08, 2025 Koyosha Inc. announced that they will report Q1, 2026 results on Aug 08, 2025 Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥2,200, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 68% over the past three years. New Risk • Jun 08
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (JP¥718.7m market cap, or US$4.96m). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin). Reported Earnings • May 22
Full year 2025 earnings released: EPS: JP¥88.73 (vs JP¥214 in FY 2024) Full year 2025 results: EPS: JP¥88.73 (down from JP¥214 in FY 2024). Revenue: JP¥4.73b (up 5.2% from FY 2024). Net income: JP¥60.0m (down 59% from FY 2024). Profit margin: 1.3% (down from 3.2% in FY 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • May 19
Koyosha Inc., Annual General Meeting, Jun 24, 2025 Koyosha Inc., Annual General Meeting, Jun 24, 2025. Announcement • May 09
Koyosha Inc. to Report Fiscal Year 2025 Results on May 19, 2025 Koyosha Inc. announced that they will report fiscal year 2025 results on May 19, 2025 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥22.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 26 June 2025. Payout ratio is a comfortable 49% but the company is not cash flow positive. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (2.1%). Announcement • Mar 04
Koyosha Inc. (TSE:7946) announces an Equity Buyback for 150,000 shares, representing 22.01% for ¥195 million. Koyosha Inc. (TSE:7946) announces a share repurchase program. Under the program, the company will repurchase up to 150,000, representing 22.01% of its issued share capital (excluding treasury stock), for ¥195 million. The shares will be repurchased at a price of ¥1,300 per share. The repurchases will be conducted from Hiyoshidai Gakuen School Corporation. The purpose of the program is to repurchase its shares to manage the company's capital structure. This strategic move is aimed at potentially enhancing shareholder value and consolidating ownership. Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥60.06 (vs JP¥77.71 in 3Q 2024) Third quarter 2025 results: EPS: JP¥60.06 (down from JP¥77.71 in 3Q 2024). Revenue: JP¥1.27b (up 1.4% from 3Q 2024). Net income: JP¥41.0m (down 23% from 3Q 2024). Profit margin: 3.2% (down from 4.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Jan 28
Koyosha Inc. to Report Q3, 2025 Results on Feb 07, 2025 Koyosha Inc. announced that they will report Q3, 2025 results on Feb 07, 2025 Announcement • Dec 26
Koyosha Inc. (TSE:7946) announces an Equity Buyback for 200,000 shares, representing 29.34% for ¥260 million. Koyosha Inc. (TSE:7946) announces a share repurchase program. Under the program, the company will repurchase up to 200,000, representing 29.34% of its issued share capital (excluding treasury stock), for ¥260 million. The shares will be repurchased at a price of ¥1,300 per share. The purpose of program is to improve capital efficiency and management transparency. As of September 30, 2024, the company had 681,550 shares outstanding and 318,550 shares in treasury. Declared Dividend • Nov 11
Dividend of JP¥22.00 announced Shareholders will receive a dividend of JP¥22.00. Ex-date: 28th March 2025 Payment date: 26th June 2025 Dividend yield will be 1.6%, which is lower than the industry average of 1.8%. New Risk • Nov 10
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: 1.8% Last year net profit margin: 3.0% 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. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (JP¥958.9m market cap, or US$6.29m). Minor Risk Profit margins are more than 30% lower than last year (1.8% net profit margin). Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥7.34 (vs JP¥97.06 in 2Q 2024) Second quarter 2025 results: EPS: JP¥7.34 (down from JP¥97.06 in 2Q 2024). Revenue: JP¥1.12b (up 3.7% from 2Q 2024). Net income: JP¥5.00m (down 92% from 2Q 2024). Profit margin: 0.4% (down from 6.1% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Oct 12
Koyosha Inc. to Report Q2, 2025 Results on Nov 08, 2024 Koyosha Inc. announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: JP¥2.93 (vs JP¥7.31 in 1Q 2024) First quarter 2025 results: EPS: JP¥2.93 (down from JP¥7.31 in 1Q 2024). Revenue: JP¥1.07b (up 4.9% from 1Q 2024). Net income: JP¥2.00m (down 60% from 1Q 2024). Profit margin: 0.2% (down from 0.5% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,330, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total returns to shareholders of 2.9% over the past three years. Announcement • Jul 27
Koyosha Inc. to Report Q1, 2025 Results on Aug 09, 2024 Koyosha Inc. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 23
Full year 2024 earnings released: EPS: JP¥214 (vs JP¥84.80 in FY 2023) Full year 2024 results: EPS: JP¥214 (up from JP¥84.80 in FY 2023). Revenue: JP¥4.49b (up 4.5% from FY 2023). Net income: JP¥146.0m (up 152% from FY 2023). Profit margin: 3.2% (up from 1.3% in FY 2023). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • May 19
Koyosha Inc., Annual General Meeting, Jun 25, 2024 Koyosha Inc., Annual General Meeting, Jun 25, 2024. Announcement • May 12
Koyosha Inc. to Report Fiscal Year 2024 Results on May 17, 2024 Koyosha Inc. announced that they will report fiscal year 2024 results on May 17, 2024 New Risk • Feb 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 5.0% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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). Market cap is less than US$10m (JP¥1.20b market cap, or US$8.01m). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥77.55 (vs JP¥57.02 in 3Q 2023) Third quarter 2024 results: EPS: JP¥77.55 (up from JP¥57.02 in 3Q 2023). Revenue: JP¥1.25b (up 9.3% from 3Q 2023). Net income: JP¥53.0m (up 36% from 3Q 2023). Profit margin: 4.2% (up from 3.4% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Announcement • Jan 24
Koyosha Inc. to Report Q3, 2024 Results on Feb 09, 2024 Koyosha Inc. announced that they will report Q3, 2024 results on Feb 09, 2024 Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to JP¥1,614, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 14x in the Commercial Services industry in Japan. Total returns to shareholders of 131% over the past three years. Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,770, the stock trades at a trailing P/E ratio of 9.1x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 162% over the past three years. Reported Earnings • Nov 13
Second quarter 2024 earnings released: EPS: JP¥96.80 (vs JP¥30.70 in 2Q 2023) Second quarter 2024 results: EPS: JP¥96.80 (up from JP¥30.70 in 2Q 2023). Revenue: JP¥1.08b (up 3.8% from 2Q 2023). Net income: JP¥66.0m (up 214% from 2Q 2023). Profit margin: 6.1% (up from 2.0% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Announcement • Nov 03
Koyosha Inc. to Report Q2, 2024 Results on Nov 10, 2023 Koyosha Inc. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥7.31 (vs JP¥36.55 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥7.31 (up from JP¥36.55 loss in 1Q 2023). Revenue: JP¥1.02b (up 6.0% from 1Q 2023). Net income: JP¥5.00m (up JP¥30.0m from 1Q 2023). Profit margin: 0.5% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 23
Full year 2023 earnings released: EPS: JP¥84.75 (vs JP¥29.95 in FY 2022) Full year 2023 results: EPS: JP¥84.75 (up from JP¥29.95 in FY 2022). Revenue: JP¥4.30b (up 6.0% from FY 2022). Net income: JP¥58.0m (up 76% from FY 2022). Profit margin: 1.3% (up from 0.8% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Announcement • May 21
Koyosha Inc., Annual General Meeting, Jun 27, 2023 Koyosha Inc., Annual General Meeting, Jun 27, 2023. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,800, the stock trades at a trailing P/E ratio of 19.6x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 183% over the past three years. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,762, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 173% over the past three years. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥56.92 (vs JP¥23.42 in 3Q 2022) Third quarter 2023 results: EPS: JP¥56.92 (up from JP¥23.42 in 3Q 2022). Revenue: JP¥1.15b (flat on 3Q 2022). Net income: JP¥39.0m (up 50% from 3Q 2022). Profit margin: 3.4% (up from 2.3% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 85% per year but the company’s share price has only increased by 20% per year, which means it is significantly lagging earnings growth. Announcement • Jan 20
Koyosha Inc. to Report Q3, 2023 Results on Feb 10, 2023 Koyosha Inc. announced that they will report Q3, 2023 results on Feb 10, 2023 Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥1,591, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 93% over the past three years. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥30.70 (vs JP¥14.40 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥30.70 (up from JP¥14.40 loss in 2Q 2022). Revenue: JP¥1.04b (up 13% from 2Q 2022). Net income: JP¥21.0m (up JP¥37.0m from 2Q 2022). Profit margin: 2.0% (up from net loss in 2Q 2022). 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. 6 non-independent directors. Full-Time Auditor Michio Nishida was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: JP¥1.04b (up 13% from 2Q 2022). Net income: JP¥21.0m (up JP¥37.0m from 2Q 2022). Profit margin: 2.0% (up from net loss in 2Q 2022). Announcement • Oct 28
Koyosha Inc. to Report Q2, 2023 Results on Nov 10, 2022 Koyosha Inc. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: JP¥36.53 loss per share (vs JP¥4.48 loss in 1Q 2022) First quarter 2023 results: JP¥36.53 loss per share (down from JP¥4.48 loss in 1Q 2022). Revenue: JP¥965.0m (up 5.8% from 1Q 2022). Net loss: JP¥25.0m (loss widened 400% from 1Q 2022). Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥1,541, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 13x in the Commercial Services industry in Japan. Total returns to shareholders of 74% over the past three years. Announcement • Jul 06
Koyosha Inc. to Report Q1, 2023 Results on Aug 10, 2022 Koyosha Inc. announced that they will report Q1, 2023 results on Aug 10, 2022 Reported Earnings • May 25
Full year 2022 earnings released: EPS: JP¥29.94 (vs JP¥100 loss in FY 2021) Full year 2022 results: EPS: JP¥29.94 (up from JP¥100 loss in FY 2021). Revenue: JP¥4.06b (up 6.0% from FY 2021). Net income: JP¥33.0m (up JP¥145.0m from FY 2021). Profit margin: 0.8% (up from net loss in FY 2021). Announcement • May 21
Koyosha Inc., Annual General Meeting, Jun 24, 2022 Koyosha Inc., Annual General Meeting, Jun 24, 2022. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 37% share price gain to JP¥1,488, the stock trades at a trailing P/E ratio of 56.6x. Average trailing P/E is 12x in the Commercial Services industry in Japan. Total returns to shareholders of 66% over the past three years. Board Change • Apr 27
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. 6 non-independent directors. Full-Time Auditor Michio Nishida was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 24
Koyosha Inc. to Report Fiscal Year 2022 Results on May 19, 2022 Koyosha Inc. announced that they will report fiscal year 2022 results on May 19, 2022 Board Change • Mar 02
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. 6 non-independent directors. Full-Time Auditor Michio Nishida was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jan 28
Koyosha Inc. to Report Q3, 2022 Results on Feb 10, 2022 Koyosha Inc. announced that they will report Q3, 2022 results on Feb 10, 2022 Announcement • Mar 09
KK Co., Ltd. made an offer to acquire an additional 73.8% stake in Koyosha Inc. (TSE:7946) for approximately ¥710 million. KK Co., Ltd. made an offer to acquire an additional 73.8% stake in Koyosha Inc. (TSE:7946) for approximately ¥710 million on March 8, 2021. Under the terms of transaction, KK Co., Ltd. will acquire 0.8 million shares at ¥935 per share. KK Co., Ltd already holds 0.7 million shares. As per transaction, minimum of 0.5 million of shares should be acquired. The period of purchase of the offer is from March 9, 2021 to April 19, 2021 and settlement will start on April 26, 2021. Announcement • Jan 23
Koyosha Inc. to Report Q3, 2021 Results on Feb 15, 2021 Koyosha Inc. announced that they will report Q3, 2021 results on Feb 15, 2021 Announcement • Aug 24
Koyosha Inc. to Report Q1, 2021 Results on Aug 07, 2020 Koyosha Inc. announced that they will report Q1, 2021 results on Aug 07, 2020 
