Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥576, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 11x in the Consumer Durables industry in Japan. Total returns to shareholders of 13% over the past three years. Reported Earnings • Apr 11
Second quarter 2026 earnings released: EPS: JP¥15.97 (vs JP¥18.18 in 2Q 2025) Second quarter 2026 results: EPS: JP¥15.97 (down from JP¥18.18 in 2Q 2025). Revenue: JP¥4.51b (up 5.3% from 2Q 2025). Net income: JP¥150.0m (down 12% from 2Q 2025). Profit margin: 3.3% (down from 4.0% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. New Risk • Apr 11
New major risk - Revenue and earnings growth Earnings have declined by 8.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 8.5% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥4.70b market cap, or US$29.5m). Announcement • Apr 02
Home Position Co., Ltd. to Report Q2, 2026 Results on Apr 10, 2026 Home Position Co., Ltd. announced that they will report Q2, 2026 results on Apr 10, 2026 Reported Earnings • Jan 10
First quarter 2026 earnings released: EPS: JP¥12.18 (vs JP¥19.28 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥12.18 (up from JP¥19.28 loss in 1Q 2025). Revenue: JP¥4.54b (up 56% from 1Q 2025). Net income: JP¥114.0m (up JP¥269.0m from 1Q 2025). Profit margin: 2.5% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Board Change • Dec 12
High number of new directors There are 5 new directors who have joined the board in the last 3 years. GM of Finance Headquarters also of Legal Affairs Department & Director Hamaji Danjo was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 19
Home Position Co., Ltd. to Report Q1, 2026 Results on Jan 09, 2026 Home Position Co., Ltd. announced that they will report Q1, 2026 results on Jan 09, 2026 New Risk • Oct 11
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.1% 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 (8.1% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (JP¥4.14b market cap, or US$27.3m). Reported Earnings • Oct 11
Full year 2025 earnings released: EPS: JP¥42.85 (vs JP¥115 loss in FY 2024) Full year 2025 results: EPS: JP¥42.85 (up from JP¥115 loss in FY 2024). Revenue: JP¥17.4b (down 12% from FY 2024). Net income: JP¥387.0m (up JP¥1.08b from FY 2024). Profit margin: 2.2% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Announcement • Oct 10
Home Position Co., Ltd., Annual General Meeting, Nov 26, 2025 Home Position Co., Ltd., Annual General Meeting, Nov 26, 2025. Announcement • Aug 29
Home Position Co., Ltd. to Report Fiscal Year 2025 Results on Oct 10, 2025 Home Position Co., Ltd. announced that they will report fiscal year 2025 results on Oct 10, 2025 New Risk • Aug 28
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 5.7% 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 Risks Earnings have declined by 53% per year over the past 5 years. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (JP¥4.63b market cap, or US$31.5m). Buy Or Sell Opportunity • Aug 28
Now 27% undervalued Over the last 90 days, the stock has risen 3.1% to JP¥495. The fair value is estimated to be JP¥674, 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. Meanwhile, the company became loss making. Upcoming Dividend • Aug 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 28 November 2025. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (1.5%). Reported Earnings • Jul 14
Third quarter 2025 earnings released: EPS: JP¥7.15 (vs JP¥1.67 in 3Q 2024) Third quarter 2025 results: EPS: JP¥7.15 (up from JP¥1.67 in 3Q 2024). Revenue: JP¥4.94b (up 10% from 3Q 2024). Net income: JP¥67.0m (up JP¥57.0m from 3Q 2024). Profit margin: 1.4% (up from 0.2% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 114 percentage points per year, which is a significant difference in performance. Announcement • Apr 26
Home Position Co., Ltd. to Report Q3, 2025 Results on Jul 10, 2025 Home Position Co., Ltd. announced that they will report Q3, 2025 results on Jul 10, 2025 Reported Earnings • Apr 11
Second quarter 2025 earnings released: EPS: JP¥18.18 (vs JP¥42.57 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥18.18 (up from JP¥42.57 loss in 2Q 2024). Revenue: JP¥4.29b (down 37% from 2Q 2024). Net income: JP¥170.0m (up JP¥425.0m from 2Q 2024). Profit margin: 4.0% (up from net loss in 2Q 2024). New Risk • Apr 08
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 7.2% 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 Risks Earnings have declined by 61% per year over the past 5 years. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (JP¥3.08b market cap, or US$21.0m). Announcement • Feb 03
Home Position Co., Ltd. to Report Q2, 2025 Results on Apr 10, 2025 Home Position Co., Ltd. announced that they will report Q2, 2025 results on Apr 10, 2025 Reported Earnings • Jan 15
First quarter 2025 earnings released: JP¥19.28 loss per share (vs JP¥31.55 loss in 1Q 2024) First quarter 2025 results: JP¥19.28 loss per share (improved from JP¥31.55 loss in 1Q 2024). Revenue: JP¥2.90b (down 14% from 1Q 2024). Net loss: JP¥155.0m (loss narrowed 18% from 1Q 2024). New Risk • Nov 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major 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). Earnings have declined by 56% per year over the past 5 years. Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risk Market cap is less than US$100m (JP¥3.63b market cap, or US$23.5m). Announcement • Nov 14
Home Position Co., Ltd. to Report Q1, 2025 Results on Jan 10, 2025 Home Position Co., Ltd. announced that they will report Q1, 2025 results on Jan 10, 2025 Announcement • Oct 10
Home Position Co., Ltd., Annual General Meeting, Nov 27, 2024 Home Position Co., Ltd., Annual General Meeting, Nov 27, 2024. New Risk • Sep 10
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 8.5% 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 Risks Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Earnings have declined by 41% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.5% average weekly change). Market cap is less than US$100m (JP¥2.34b market cap, or US$16.3m). Announcement • Aug 27
Home Position Co., Ltd. to Report Fiscal Year 2024 Results on Oct 10, 2024 Home Position Co., Ltd. announced that they will report fiscal year 2024 results on Oct 10, 2024 Upcoming Dividend • Aug 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 29 November 2024. The average dividend yield among industry peers is 1.8%. Reported Earnings • Jul 13
Third quarter 2024 earnings released: EPS: JP¥1.67 (vs JP¥20.87 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥1.67 (up from JP¥20.87 loss in 3Q 2023). Revenue: JP¥4.48b (up 13% from 3Q 2023). Net income: JP¥10.0m (up JP¥135.0m from 3Q 2023). Profit margin: 0.2% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Announcement • Jun 02
Home Position Co., Ltd. to Report Q3, 2024 Results on Jul 10, 2024 Home Position Co., Ltd. announced that they will report Q3, 2024 results on Jul 10, 2024 New Risk • Apr 11
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 8.7% 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 Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.7% average weekly change). Earnings have declined by 31% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥2.47b market cap, or US$16.1m). Reported Earnings • Apr 11
Second quarter 2024 earnings released: JP¥42.57 loss per share (vs JP¥0.50 loss in 2Q 2023) Second quarter 2024 results: JP¥42.57 loss per share (further deteriorated from JP¥0.50 loss in 2Q 2023). Revenue: JP¥6.75b (up 65% from 2Q 2023). Net loss: JP¥255.0m (loss widened JP¥252.0m from 2Q 2023). New Risk • Feb 13
New major risk - Revenue and earnings growth Earnings have declined by 4.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 4.9% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥1.93b market cap, or US$12.9m). Announcement • Jan 31
Home Position Co., Ltd. to Report Q2, 2024 Results on Apr 10, 2024 Home Position Co., Ltd. announced that they will report Q2, 2024 results on Apr 10, 2024 Reported Earnings • Jan 13
First quarter 2024 earnings released: JP¥31.55 loss per share (vs JP¥10.18 profit in 1Q 2023) First quarter 2024 results: JP¥31.55 loss per share (down from JP¥10.18 profit in 1Q 2023). Revenue: JP¥3.39b (down 25% from 1Q 2023). Net loss: JP¥189.0m (down 410% from profit in 1Q 2023). Revenue is forecast to grow 3.9% p.a. on average during the next 2 years, compared to a 1.9% growth forecast for the Consumer Durables industry in Japan. Reported Earnings • Dec 05
Full year 2023 earnings released: EPS: JP¥20.03 (vs JP¥98.34 in FY 2022) Full year 2023 results: EPS: JP¥20.03 (down from JP¥98.34 in FY 2022). Revenue: JP¥19.8b (up 7.6% from FY 2022). Net income: JP¥120.0m (down 75% from FY 2022). Profit margin: 0.6% (down from 2.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 1.9% growth forecast for the Consumer Durables industry in Japan. Announcement • Oct 29
Home Position Co., Ltd. to Report Q1, 2024 Results on Jan 11, 2024 Home Position Co., Ltd. announced that they will report Q1, 2024 results on Jan 11, 2024 Announcement • Oct 12
Home Position Co., Ltd., Annual General Meeting, Nov 28, 2023 Home Position Co., Ltd., Annual General Meeting, Nov 28, 2023. Reported Earnings • Oct 12
Full year 2023 earnings released: EPS: JP¥20.03 (vs JP¥98.34 in FY 2022) Full year 2023 results: EPS: JP¥20.03 (down from JP¥98.34 in FY 2022). Revenue: JP¥19.8b (up 7.6% from FY 2022). Net income: JP¥120.0m (down 75% from FY 2022). Profit margin: 0.6% (down from 2.6% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 2 years compared to a 2.5% growth forecast for the Consumer Durables industry in Japan. Upcoming Dividend • Aug 23
Inaugural dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 24 November 2023. This is the first dividend for Home Position since going public. The average dividend yield among industry peers is 1.7%. Announcement • Aug 03
Home Position Co., Ltd. to Report Fiscal Year 2023 Results on Oct 11, 2023 Home Position Co., Ltd. announced that they will report fiscal year 2023 results on Oct 11, 2023 Buying Opportunity • Jul 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be JP¥580, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.3% over the last year. Earnings per share has declined by 73%. Revenue is forecast to grow by 15% in 2 years. Earnings is forecast to grow by 17% in the next 2 years. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥502, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 8.5% over the past year. Reported Earnings • Apr 13
Second quarter 2023 earnings released Second quarter 2023 results: JP¥0.50 loss per share. Net loss: JP¥3.00m (flat on 2Q 2022). Announcement • Jan 29
Home Position Co., Ltd. to Report Q2, 2023 Results on Apr 12, 2023 Home Position Co., Ltd. announced that they will report Q2, 2023 results on Apr 12, 2023 Reported Earnings • Jan 12
First quarter 2023 earnings released First quarter 2023 results: EPS: JP¥10.18. Net income: JP¥61.0m (up JP¥61.0m from 1Q 2022). Buying Opportunity • Dec 20
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥643, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last year. Earnings per share has grown by 7.7%. Announcement • Nov 30
Home Position Co., Ltd. to Report Q1, 2023 Results on Jan 11, 2023 Home Position Co., Ltd. announced that they will report Q1, 2023 results on Jan 11, 2023 Buying Opportunity • Nov 02
Now 21% undervalued Over the last 90 days, the stock is up 4.3%. The fair value is estimated to be JP¥701, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last year. Earnings per share has grown by 7.7%. Announcement • Oct 14
Home Position Co., Ltd., Annual General Meeting, Nov 22, 2022 Home Position Co., Ltd., Annual General Meeting, Nov 22, 2022. Reported Earnings • Oct 13
Full year 2022 earnings released: EPS: JP¥98.34 (vs JP¥91.29 in FY 2021) Full year 2022 results: EPS: JP¥98.34 (up from JP¥91.29 in FY 2021). Revenue: JP¥18.4b (up 37% from FY 2021). Net income: JP¥476.0m (up 14% from FY 2021). Profit margin: 2.6% (down from 3.1% in FY 2021). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥536, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 9x in the Consumer Durables industry in Japan. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 20% share price gain to JP¥623, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 9x in the Consumer Durables industry in Japan. Announcement • Aug 11
Home Position Co., Ltd. to Report Fiscal Year 2022 Results on Oct 12, 2022 Home Position Co., Ltd. announced that they will report fiscal year 2022 results on Oct 12, 2022 Announcement • Jun 23
Home Position Co., Ltd. has completed an IPO in the amount of ¥900 million. Home Position Co., Ltd. has completed an IPO in the amount of ¥900 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 2,000,000
Price\Range: ¥450
Discount Per Security: ¥36