Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥136 (vs JP¥138 in FY 2025) Full year 2026 results: EPS: JP¥136 (down from JP¥138 in FY 2025). Revenue: JP¥17.5b (up 18% from FY 2025). Net income: JP¥544.0m (down 1.1% from FY 2025). Profit margin: 3.1% (down from 3.7% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • May 14
FORLIFE Co., Ltd., Annual General Meeting, Jun 27, 2026 FORLIFE Co., Ltd., Annual General Meeting, Jun 27, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥17.50 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: JP¥45.01 (vs JP¥27.26 in 3Q 2025) Third quarter 2026 results: EPS: JP¥45.01 (up from JP¥27.26 in 3Q 2025). Revenue: JP¥4.52b (up 22% from 3Q 2025). Net income: JP¥180.0m (up 65% from 3Q 2025). Profit margin: 4.0% (up from 2.9% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Nov 29
FORLIFE Co., Ltd. to Report Q3, 2026 Results on Feb 12, 2026 FORLIFE Co., Ltd. announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: JP¥22.75 (vs JP¥12.75 in 2Q 2025) Second quarter 2026 results: EPS: JP¥22.75 (up from JP¥12.75 in 2Q 2025). Revenue: JP¥3.82b (up 12% from 2Q 2025). Net income: JP¥91.0m (up 78% from 2Q 2025). Profit margin: 2.4% (up from 1.5% 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 10% per year whereas the company’s share price has increased by 5% per year. Announcement • Sep 01
FORLIFE Co., Ltd. to Report Q2, 2026 Results on Nov 13, 2025 FORLIFE Co., Ltd. announced that they will report Q2, 2026 results on Nov 13, 2025 Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥17.25 (vs JP¥60.51 in 1Q 2025) First quarter 2026 results: EPS: JP¥17.25 (down from JP¥60.51 in 1Q 2025). Revenue: JP¥3.72b (up 39% from 1Q 2025). Net income: JP¥69.0m (down 72% from 1Q 2025). Profit margin: 1.9% (down from 9.0% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Reported Earnings • Jun 27
Full year 2025 earnings released: EPS: JP¥138 (vs JP¥37.76 in FY 2024) Full year 2025 results: EPS: JP¥138 (up from JP¥37.76 in FY 2024). Revenue: JP¥14.8b (up 5.6% from FY 2024). Net income: JP¥550.0m (up 264% from FY 2024). Profit margin: 3.7% (up from 1.1% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • May 23
FORLIFE Co., Ltd. to Report Q1, 2026 Results on Aug 07, 2025 FORLIFE Co., Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 New Risk • May 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 27% 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 (27% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥2.60b market cap, or US$18.1m). Reported Earnings • May 21
Full year 2025 earnings released: EPS: JP¥138 (vs JP¥37.76 in FY 2024) Full year 2025 results: EPS: JP¥138 (up from JP¥37.76 in FY 2024). Revenue: JP¥14.8b (up 5.6% from FY 2024). Net income: JP¥550.0m (up 264% from FY 2024). Profit margin: 3.7% (up from 1.1% in FY 2024). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Announcement • May 15
FORLIFE Co., Ltd., Annual General Meeting, Jun 21, 2025 FORLIFE Co., Ltd., Annual General Meeting, Jun 21, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥17.50 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 24 June 2025. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (1.5%). New Risk • Mar 14
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 5.4% 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 (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥2.72b market cap, or US$18.3m). Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥720, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 12x in the Consumer Durables industry in Japan. Total returns to shareholders of 12% over the past three years. Announcement • Feb 28
FORLIFE Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 FORLIFE Co., Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 Reported Earnings • Feb 15
Third quarter 2025 earnings released: EPS: JP¥27.26 (vs JP¥18.00 in 3Q 2024) Third quarter 2025 results: EPS: JP¥27.26 (up from JP¥18.00 in 3Q 2024). Revenue: JP¥3.72b (up 7.4% from 3Q 2024). Net income: JP¥109.0m (up 51% from 3Q 2024). Profit margin: 2.9% (up from 2.1% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Nov 22
FORLIFE Co., Ltd. to Report Q3, 2025 Results on Feb 13, 2025 FORLIFE Co., Ltd. announced that they will report Q3, 2025 results on Feb 13, 2025 Announcement • Sep 28
FORLIFE Co., Ltd. to Report Q2, 2025 Results on Nov 14, 2024 FORLIFE Co., Ltd. announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 13
First quarter 2025 earnings released: EPS: JP¥60.51 (vs JP¥3.50 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥60.51 (up from JP¥3.50 loss in 1Q 2024). Revenue: JP¥2.68b (down 7.3% from 1Q 2024). Net income: JP¥242.0m (up JP¥256.0m from 1Q 2024). Profit margin: 9.0% (up from net loss in 1Q 2024). 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. Reported Earnings • Jun 28
Full year 2024 earnings released: EPS: JP¥37.76 (vs JP¥58.76 in FY 2023) Full year 2024 results: EPS: JP¥37.76 (down from JP¥58.76 in FY 2023). Revenue: JP¥14.0b (flat on FY 2023). Net income: JP¥151.0m (down 36% from FY 2023). Profit margin: 1.1% (down from 1.7% in FY 2023). 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 • Jun 02
FORLIFE Co., Ltd. to Report Q1, 2025 Results on Aug 08, 2024 FORLIFE Co., Ltd. announced that they will report Q1, 2025 results on Aug 08, 2024 Reported Earnings • May 17
Full year 2024 earnings released: EPS: JP¥37.76 (vs JP¥58.76 in FY 2023) Full year 2024 results: EPS: JP¥37.76 (down from JP¥58.76 in FY 2023). Revenue: JP¥14.0b (flat on FY 2023). Net income: JP¥151.0m (down 36% from FY 2023). Profit margin: 1.1% (down from 1.7% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Announcement • May 15
FORLIFE Co., Ltd., Annual General Meeting, Jun 22, 2024 FORLIFE Co., Ltd., Annual General Meeting, Jun 22, 2024. Upcoming Dividend • Mar 21
Inaugural dividend of JP¥12.50 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. This is the first dividend for FORLIFE since going public. The average dividend yield among industry peers is 1.6%. Announcement • Mar 02
FORLIFE Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024 FORLIFE Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 15
Third quarter 2024 earnings released: EPS: JP¥18.00 (vs JP¥7.63 in 3Q 2023) Third quarter 2024 results: EPS: JP¥18.00 (up from JP¥7.63 in 3Q 2023). Revenue: JP¥3.47b (up 6.9% from 3Q 2023). Net income: JP¥72.0m (up 18% from 3Q 2023). Profit margin: 2.1% (up from 1.9% in 3Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 49% 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. Announcement • Nov 27
FORLIFE Co., Ltd. to Report Q3, 2024 Results on Feb 13, 2024 FORLIFE Co., Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥0.25 (vs JP¥27.01 in 2Q 2023) Second quarter 2024 results: EPS: JP¥0.25 (down from JP¥27.01 in 2Q 2023). Revenue: JP¥3.84b (up 11% from 2Q 2023). Net income: JP¥1.00m (down 98% from 2Q 2023). Profit margin: 0% (down from 1.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Aug 27
FORLIFE Co., Ltd. to Report Q2, 2024 Results on Nov 09, 2023 FORLIFE Co., Ltd. announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 14
First quarter 2024 earnings released: JP¥3.50 loss per share (vs JP¥35.01 profit in 1Q 2023) First quarter 2024 results: JP¥3.50 loss per share (down from JP¥35.01 profit in 1Q 2023). Revenue: JP¥2.90b (down 11% from 1Q 2023). Net loss: JP¥14.0m (down 120% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Reported Earnings • May 19
Full year 2023 earnings released: EPS: JP¥58.76 (vs JP¥240 in FY 2022) Full year 2023 results: EPS: JP¥58.76 (down from JP¥240 in FY 2022). Revenue: JP¥14.1b (up 14% from FY 2022). Net income: JP¥235.0m (down 51% from FY 2022). Profit margin: 1.7% (down from 3.9% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥16.50 per share Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. This is the first dividend for FORLIFE since going public. The average dividend yield among industry peers is 1.8%. Board Change • Mar 19
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Outside Director Etsutaka Inoue was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥7.63 (vs JP¥73.51 in 3Q 2022) Third quarter 2023 results: EPS: JP¥7.63 (down from JP¥73.51 in 3Q 2022). Revenue: JP¥3.24b (flat on 3Q 2022). Net income: JP¥61.0m (down 59% from 3Q 2022). Profit margin: 1.9% (down from 4.5% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Nov 27
FORLIFE Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 FORLIFE Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥27.01 (vs JP¥45.01 in 2Q 2022) Second quarter 2023 results: EPS: JP¥27.01 (down from JP¥45.01 in 2Q 2022). Revenue: JP¥3.47b (up 33% from 2Q 2022). Net income: JP¥54.0m (down 40% from 2Q 2022). Profit margin: 1.6% (down from 3.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥27.01 (vs JP¥45.01 in 2Q 2022) Second quarter 2023 results: EPS: JP¥27.01 (down from JP¥45.01 in 2Q 2022). Revenue: JP¥3.47b (up 33% from 2Q 2022). Net income: JP¥54.0m (down 40% from 2Q 2022). Profit margin: 1.6% (down from 3.4% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Inaugural dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 12 December 2022. This is the first dividend for FORLIFE since going public. The average dividend yield among industry peers is 1.9%. Announcement • Aug 11
FORLIFE Co., Ltd. to Report Q2, 2023 Results on Nov 10, 2022 FORLIFE Co., Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥35.01 (vs JP¥69.01 in 1Q 2022) First quarter 2023 results: EPS: JP¥35.01 (down from JP¥69.01 in 1Q 2022). Revenue: JP¥3.24b (up 13% from 1Q 2022). Net income: JP¥70.0m (down 49% from 1Q 2022). Profit margin: 2.2% (down from 4.8% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Jun 08
FORLIFE Co., Ltd. to Report Q1, 2023 Results on Aug 09, 2022 FORLIFE Co., Ltd. announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • May 17
Full year 2022 earnings released: EPS: JP¥240 (vs JP¥190 in FY 2021) Full year 2022 results: EPS: JP¥240 (up from JP¥190 in FY 2021). Revenue: JP¥12.4b (up 15% from FY 2021). Net income: JP¥480.0m (up 27% from FY 2021). Profit margin: 3.9% (up from 3.5% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • May 15
FORLIFE Co., Ltd., Annual General Meeting, Jun 25, 2022 FORLIFE Co., Ltd., Annual General Meeting, Jun 25, 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Outside Director Etsutaka Inoue was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
FORLIFE Co., Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 FORLIFE Co., Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Upcoming Dividend • Mar 23
Inaugural dividend of JP¥31.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. The company is not currently making a profit and is not cash flow positive. This is the first dividend for FORLIFE since going public. The average dividend yield among industry peers is 1.6%. Reported Earnings • Feb 09
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥73.51 (up from JP¥57.01 in 3Q 2021). Revenue: JP¥3.25b (up 17% from 3Q 2021). Net income: JP¥147.0m (up 29% from 3Q 2021). Profit margin: 4.5% (up from 4.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥45.01 (vs JP¥28.00 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥2.62b (up 11% from 2Q 2021). Net income: JP¥90.0m (up 61% from 2Q 2021). Profit margin: 3.4% (up from 2.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Inaugural dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 10 December 2021. This is the first dividend for FORLIFE since going public. The average dividend yield among industry peers is 1.4%. Reported Earnings • Aug 13
First quarter 2022 earnings released: EPS JP¥69.01 (vs JP¥25.00 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥2.86b (up 9.0% from 1Q 2021). Net income: JP¥138.0m (up 176% from 1Q 2021). Profit margin: 4.8% (up from 1.9% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥190 (vs JP¥105 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥10.8b (up 12% from FY 2020). Net income: JP¥379.0m (up 81% from FY 2020). Profit margin: 3.5% (up from 2.2% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 29 June 2021. This is the first dividend for FORLIFE since going public. The average dividend yield among industry peers is 1.3%. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥57.01 (vs JP¥22.50 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.77b (up 17% from 3Q 2020). Net income: JP¥114.0m (up 153% from 3Q 2020). Profit margin: 4.1% (up from 1.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year. Is New 90 Day High Low • Feb 10
New 90-day high: JP¥1,281 The company is up 31% from its price of JP¥980 on 12 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Durables industry, which is up 26% over the same period. Is New 90 Day High Low • Jan 19
New 90-day high: JP¥1,081 The company is up 2.0% from its price of JP¥1,060 on 21 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Durables industry, which is up 28% over the same period. Announcement • Aug 31
FORLIFE Co., Ltd. to Report Q2, 2021 Results on Nov 12, 2020 FORLIFE Co., Ltd. announced that they will report Q2, 2021 results on Nov 12, 2020