Reported Earnings • May 20
Full year 2026 earnings released: JP¥9.25 loss per share (vs JP¥7.24 loss in FY 2025) Full year 2026 results: JP¥9.25 loss per share (further deteriorated from JP¥7.24 loss in FY 2025). Revenue: JP¥2.96b (down 4.5% from FY 2025). Net loss: JP¥537.0m (loss widened 32% from FY 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 106 percentage points per year, which is a significant difference in performance. Announcement • May 15
Bitcoin Japan Corporation, Annual General Meeting, Jun 29, 2026 Bitcoin Japan Corporation, Annual General Meeting, Jun 29, 2026. Announcement • May 10
Bitcoin Japan Corporation to Report Fiscal Year 2026 Results on May 15, 2026 Bitcoin Japan Corporation announced that they will report fiscal year 2026 results on May 15, 2026 Reported Earnings • Feb 11
Third quarter 2026 earnings released: JP¥2.15 loss per share (vs JP¥0.84 loss in 3Q 2025) Third quarter 2026 results: JP¥2.15 loss per share (further deteriorated from JP¥0.84 loss in 3Q 2025). Revenue: JP¥819.0m (down 2.5% from 3Q 2025). Net loss: JP¥121.0m (loss widened 157% from 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 136 percentage points per year, which is a significant difference in performance. Announcement • Dec 24
Bitcoin Japan Corporation to Report Q3, 2026 Results on Feb 10, 2026 Bitcoin Japan Corporation announced that they will report Q3, 2026 results on Feb 10, 2026 Board Change • Dec 11
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. Director Mikio Ii is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Dec 09
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.5b (US$99.0m) 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 (24% average weekly change). Minor Risk Market cap is less than US$100m (JP¥15.5b market cap, or US$99.0m). Reported Earnings • Nov 12
Second quarter 2026 earnings released: JP¥2.97 loss per share (vs JP¥1.90 loss in 2Q 2025) Second quarter 2026 results: JP¥2.97 loss per share (further deteriorated from JP¥1.90 loss in 2Q 2025). Revenue: JP¥721.0m (down 3.4% from 2Q 2025). Net loss: JP¥167.0m (loss widened 56% from 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 227 percentage points per year, which is a significant difference in performance. Announcement • Sep 21
Marushohotta Co.,Ltd. to Report Q2, 2026 Results on Nov 10, 2025 Marushohotta Co.,Ltd. announced that they will report Q2, 2026 results on Nov 10, 2025 Board Change • Sep 10
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. 3 independent directors (4 non-independent directors). Director Mikio Ii is the most experienced director on the board, commencing their role in 2022. Independent Outside Director Satoshi Ono was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Jul 20
Marushohotta Co.,Ltd. to Report Q1, 2026 Results on Aug 14, 2025 Marushohotta Co.,Ltd. announced that they will report Q1, 2026 results on Aug 14, 2025 Announcement • Jun 11
Envy LLC cancelled the acquisition of 29.98% stake in Marushohotta Co.,Ltd. (TSE:8105) from RIZAP GROUP, Inc. (SPSE:2928). Envy LLC agreed to acquire 29.98% stake in Marushohotta Co.,Ltd. (TSE:8105) from RIZAP GROUP, Inc. (SPSE:2928) for ¥1.5 billion on May 26, 2025. Offering price per share is ¥88.94. A cash consideration of ¥1.5 billion will be paid by Envy LLC. As part of consideration, ¥1.5 billion is paid towards common equity of Marushohotta Co.,Ltd.
The expected completion of the transaction is June 10, 2025.
Envy LLC cancelled the acquisition of 29.98% stake in Marushohotta Co.,Ltd. (TSE:8105) from RIZAP GROUP, Inc. (SPSE:2928) on June 10, 2025. New Risk • May 27
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 15% 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 (15% average weekly change). Minor Risk Market cap is less than US$100m (JP¥3.66b market cap, or US$25.4m). Reported Earnings • May 21
Full year 2025 earnings released: JP¥7.24 loss per share (vs JP¥0.34 profit in FY 2024) Full year 2025 results: JP¥7.24 loss per share (down from JP¥0.34 profit in FY 2024). Revenue: JP¥3.10b (down 16% from FY 2024). Net loss: JP¥407.0m (down JP¥426.0m from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 5% per year. Announcement • May 15
Marushohotta Co.,Ltd., Annual General Meeting, Jun 25, 2025 Marushohotta Co.,Ltd., Annual General Meeting, Jun 25, 2025. Announcement • Apr 08
Marushohotta Co.,Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 Marushohotta Co.,Ltd. announced that they will report fiscal year 2025 results at 12:00 PM, Tokyo Standard Time on May 15, 2025 Reported Earnings • Feb 16
Third quarter 2025 earnings released: JP¥0.84 loss per share (vs JP¥0.25 loss in 3Q 2024) Third quarter 2025 results: JP¥0.84 loss per share (further deteriorated from JP¥0.25 loss in 3Q 2024). Revenue: JP¥840.0m (down 8.3% from 3Q 2024). Net loss: JP¥47.0m (loss widened 236% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jan 17
Marushohotta Co.,Ltd. to Report Q3, 2025 Results on Feb 14, 2025 Marushohotta Co.,Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025 New Risk • Dec 24
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 5.1% 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 (5.1% average weekly change). Market cap is less than US$100m (JP¥2.25b market cap, or US$14.3m). Announcement • Sep 21
Marushohotta Co.,Ltd. to Report Q2, 2025 Results on Nov 14, 2024 Marushohotta Co.,Ltd. announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 19
First quarter 2025 earnings released: JP¥1.00 loss per share (vs JP¥0.34 profit in 1Q 2024) First quarter 2025 results: JP¥1.00 loss per share (down from JP¥0.34 profit in 1Q 2024). Revenue: JP¥784.0m (down 18% from 1Q 2024). Net loss: JP¥56.0m (down 395% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. New Risk • Aug 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 8.1% 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 (8.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥2.36b market cap, or US$16.2m). Announcement • Jul 23
Marushohotta Co.,Ltd. to Report Q1, 2025 Results on Aug 14, 2024 Marushohotta Co.,Ltd. announced that they will report Q1, 2025 results on Aug 14, 2024 Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥0.34 (vs JP¥1.39 loss in FY 2023) Full year 2024 results: EPS: JP¥0.34 (up from JP¥1.39 loss in FY 2023). Revenue: JP¥3.69b (down 4.5% from FY 2023). Net income: JP¥19.0m (up JP¥97.0m from FY 2023). Profit margin: 0.5% (up from net loss in FY 2023). Over the last 3 years on average, earnings per share has increased by 93% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • May 17
Marushohotta Co.,Ltd., Annual General Meeting, Jun 28, 2024 Marushohotta Co.,Ltd., Annual General Meeting, Jun 28, 2024. Announcement • Apr 14
Marushohotta Co.,Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 Marushohotta Co.,Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 15
Third quarter 2024 earnings released: JP¥0.25 loss per share (vs JP¥0.14 profit in 3Q 2023) Third quarter 2024 results: JP¥0.25 loss per share (down from JP¥0.14 profit in 3Q 2023). Revenue: JP¥916.0m (down 12% from 3Q 2023). Net loss: JP¥14.0m (down 275% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Dec 03
Marushohotta Co.,Ltd. to Report Q3, 2024 Results on Feb 13, 2024 Marushohotta Co.,Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 Announcement • Sep 22
Marushohotta Co.,Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Marushohotta Co.,Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥0.34 (vs JP¥0.018 in 1Q 2023) First quarter 2024 results: EPS: JP¥0.34 (up from JP¥0.018 in 1Q 2023). Revenue: JP¥955.0m (down 1.2% from 1Q 2023). Net income: JP¥19.0m (up JP¥18.0m from 1Q 2023). Profit margin: 2.0% (up from 0.1% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jun 21
Marushohotta Co.,Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Marushohotta Co.,Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥0.14 (vs JP¥0.20 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥0.14 (up from JP¥0.20 loss in 3Q 2022). Revenue: JP¥1.04b (flat on 3Q 2022). Net income: JP¥8.00m (up JP¥19.0m from 3Q 2022). Profit margin: 0.8% (up from net loss in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Dec 04
Marushohotta Co.,Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Marushohotta Co.,Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Board Change • Nov 16
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. 4 non-independent directors. Independent Director Shigeru Kojima was the last independent director to join the board, commencing their role in 2017. The company's minority 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¥919.0m (up 2.8% from 2Q 2022). Net loss: JP¥45.0m (loss narrowed 43% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Announcement • Sep 07
Marushohotta Co.,Ltd. to Report Q2, 2023 Results on Nov 10, 2022 Marushohotta 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¥0.018 (vs JP¥0.53 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥0.018 (up from JP¥0.53 loss in 1Q 2022). Revenue: JP¥967.0m (up 6.6% from 1Q 2022). Net income: JP¥1.00m (up JP¥31.0m from 1Q 2022). Profit margin: 0.1% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Announcement • Jun 01
Marushohotta Co.,Ltd. to Report Q1, 2023 Results on Aug 09, 2022 Marushohotta Co.,Ltd. announced that they will report Q1, 2023 results on Aug 09, 2022 Reported Earnings • May 16
Full year 2022 earnings released: JP¥3.68 loss per share (vs JP¥14.38 loss in FY 2021) Full year 2022 results: JP¥3.68 loss per share (up from JP¥14.38 loss in FY 2021). Revenue: JP¥3.70b (down 2.1% from FY 2021). Net loss: JP¥207.0m (loss narrowed 74% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 16% per year. Announcement • May 14
Marushohotta Co.,Ltd., Annual General Meeting, Jun 28, 2022 Marushohotta Co.,Ltd., Annual General Meeting, Jun 28, 2022. 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. Managing Director Makoto Hiraiwa was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Marushohotta Co.,Ltd. to Report Fiscal Year 2022 Results on May 12, 2022 Marushohotta Co.,Ltd. announced that they will report fiscal year 2022 results on May 12, 2022 Reported Earnings • Feb 14
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥0.20 loss per share (up from JP¥1.00 loss in 3Q 2021). Revenue: JP¥1.05b (down 9.3% from 3Q 2021). Net loss: JP¥11.0m (loss narrowed 80% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 17
Second quarter 2022 earnings released: JP¥1.41 loss per share (vs JP¥2.33 loss in 2Q 2021) The company reported a decent second quarter result with reduced losses and improved control over expenses, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥894.0m (down 2.3% from 2Q 2021). Net loss: JP¥79.0m (loss narrowed 40% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Aug 12
First quarter 2022 earnings released: JP¥0.53 loss per share (vs JP¥2.67 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥907.0m (up 9.0% from 1Q 2021). Net loss: JP¥30.0m (loss narrowed 80% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 30
Full year 2021 earnings released: JP¥14.38 loss per share (vs JP¥2.56 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: JP¥3.78b (down 32% from FY 2020). Net loss: JP¥809.0m (loss widened 462% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Reported Earnings • May 18
Full year 2021 earnings released: JP¥14.38 loss per share (vs JP¥2.56 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: JP¥3.78b (down 32% from FY 2020). Net loss: JP¥809.0m (loss widened 462% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 48 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 12
Third quarter 2021 earnings released: JP¥1.00 loss per share (vs JP¥0.21 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥1.16b (down 23% from 3Q 2020). Net loss: JP¥56.0m (down JP¥68.0m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 81% per year but the company’s share price has only fallen by 41% per year, which means it has not declined as severely as earnings. Announcement • Dec 26
Marushohotta Co.,Ltd. to Report Q3, 2021 Results on Feb 10, 2021 Marushohotta Co.,Ltd. announced that they will report Q3, 2021 results on Feb 10, 2021 Announcement • Oct 10
Marushohotta Co.,Ltd. to Report Q2, 2021 Results on Nov 12, 2020 Marushohotta Co.,Ltd. announced that they will report Q2, 2021 results on Nov 12, 2020 Announcement • Aug 09
Marushohotta Co.,Ltd. to Report Q1, 2021 Results on Aug 11, 2020 Marushohotta Co.,Ltd. announced that they will report Q1, 2021 results on Aug 11, 2020 