Reported Earnings • May 20
Full year 2026 earnings released: JP¥1.33 loss per share (vs JP¥22.45 loss in FY 2025) Full year 2026 results: JP¥1.33 loss per share (improved from JP¥22.45 loss in FY 2025). Revenue: JP¥1.69b (down 28% from FY 2025). Net loss: JP¥35.0m (loss narrowed 92% from FY 2025). Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 9% per year, which means it is performing significantly worse than earnings. Board Change • May 20
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. Outside Auditor Nobuhiko Ito is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • May 01
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. Outside Auditor Nobuhiko Ito is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Feb 25
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. Outside Auditor Nobuhiko Ito is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥3.57 (vs JP¥4.49 loss in 3Q 2025) Third quarter 2026 results: EPS: JP¥3.57 (up from JP¥4.49 loss in 3Q 2025). Revenue: JP¥434.0m (down 32% from 3Q 2025). Net income: JP¥94.0m (up JP¥173.0m from 3Q 2025). Profit margin: 22% (up from net loss in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Board Change • Feb 05
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. Outside Auditor Nobuhiko Ito is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Dec 25
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 2 experienced directors. No highly experienced directors. Outside Auditor Nobuhiko Ito is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Oct 16
Kimiaki Sato, Representative Director and President of Awaya so-bey Corporation signed a letter of intent to acquire Awaya so-bey Corporation from HIROTA GROUP HOLDINGS Co.,Ltd. (NSE:3346) in a management buyout transaction for ¥0.02 million. Kimiaki Sato, Representative Director and President of Awaya so-bey Corporation signed a letter of intent to acquire Awaya so-bey Corporation from HIROTA GROUP HOLDINGS Co.,Ltd. (NSE:3346) in a management buyout transaction for ¥0.02 million on October 14, 2025. A cash consideration of ¥0.02 million will be paid by the buyer. As part of consideration, ¥0.02 million is paid towards common equity of Awaya so-bey Corporation.
For the period ending March 31, 2025, Awaya so-bey Corporation reported total revenue of ¥261 million, operating loss of ¥30 million and net loss of ¥25 million. As of March 31, 2025, Awaya so-bey Corporation reported total assets of ¥78 million and net liabilities of ¥52 million.
The expected completion of the transaction is October 23, 2025. Announcement • Jun 09
HIROTA GROUP HOLDINGS Co.,Ltd., Annual General Meeting, Jun 27, 2025 HIROTA GROUP HOLDINGS Co.,Ltd., Annual General Meeting, Jun 27, 2025, at 10:00 Tokyo Standard Time. Location: 2-2-1 kanda nishikicho, chiyoda-ku, tokyo kanda square 3rd floor square room, tokyo Japan New Risk • Apr 15
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 50% 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 Negative equity (-JP¥415m). Earnings have declined by 9.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Minor Risk Market cap is less than US$100m (JP¥2.24b market cap, or US$15.6m). New Risk • Apr 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.44b (US$9.82m) This is considered a major 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 Risks Negative equity (-JP¥415m). Earnings have declined by 9.9% per year over the past 5 years. Market cap is less than US$10m (JP¥1.44b market cap, or US$9.82m). Board Change • Nov 19
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. 3 non-independent directors. Director Katsuya Kodama was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Oct 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.48b (US$9.99m) This is considered a major 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 Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥437m free cash flow). Negative equity (-JP¥233m). Earnings have declined by 1.8% per year over the past 5 years. Market cap is less than US$10m (JP¥1.48b market cap, or US$9.99m). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Reported Earnings • Aug 19
First quarter 2025 earnings released: JP¥4.78 loss per share (vs JP¥4.20 loss in 1Q 2024) First quarter 2025 results: JP¥4.78 loss per share (further deteriorated from JP¥4.20 loss in 1Q 2024). Revenue: JP¥593.0m (up 9.0% from 1Q 2024). Net loss: JP¥84.0m (loss widened 40% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Jun 14
HIROTA GROUP HOLDINGS Co.,Ltd., Annual General Meeting, Jun 27, 2024 HIROTA GROUP HOLDINGS Co.,Ltd., Annual General Meeting, Jun 27, 2024, at 10:00 Tokyo Standard Time. Location: 47th floor, shinjuku sumitomo building, 2-6-1 nishi-shinjuku, shinjuku-ku, shinjuku sumitomo skyroom a room 2, tokyo Japan Reported Earnings • May 19
Full year 2024 earnings released: JP¥35.55 loss per share (vs JP¥1.12 profit in FY 2023) Full year 2024 results: JP¥35.55 loss per share (down from JP¥1.12 profit in FY 2023). Revenue: JP¥2.39b (up 5.2% from FY 2023). Net loss: JP¥519.0m (down JP¥535.0m from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. New Risk • May 19
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -JP¥436m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥436m free cash flow). Negative equity (-JP¥122m). Market cap is less than US$10m (JP¥1.49b market cap, or US$9.60m). Minor Risk Shareholders have been diluted in the past year (23% increase in shares outstanding). Board Change • May 15
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. 4 non-independent directors. Director Katsuya Kodama was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 26
HIROTA GROUP HOLDINGS Co.,Ltd. announced that it has received ¥277.2 million in funding from ASHD Co., Ltd. and another investors On February 26, 2024, HIROTA GROUP HOLDINGS Co.,Ltd. closed the transaction. Announcement • Dec 29
21LADY Co.,Ltd. announced that it expects to receive ¥300 million in funding from Astroscale Holdings Inc. 21LADY Co., Ltd announced a private placement of 6,000,000 common shares at the price of ¥50 per share for gross proceeds of ¥300,000,000 on December 28, 2021. The transaction will include participation from new investor Astroscale Holdings Inc. The transaction is expected to close on January 14, 2021. The transaction has been approved by the board of directors. 