New Risk • Apr 27
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.7b (US$98.7m) 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 (11% average weekly change). Minor Risk Market cap is less than US$100m (JP¥15.7b market cap, or US$98.7m). Reported Earnings • Feb 16
Third quarter 2026 earnings released: JP¥6.25 loss per share (vs JP¥2.93 loss in 3Q 2025) Third quarter 2026 results: JP¥6.25 loss per share (further deteriorated from JP¥2.93 loss in 3Q 2025). Revenue: JP¥855.0m (up 16% from 3Q 2025). Net loss: JP¥355.0m (loss widened 132% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Dec 27
kaihan co.,Ltd. to Report Q3, 2026 Results on Feb 13, 2026 kaihan co.,Ltd. announced that they will report Q3, 2026 results on Feb 13, 2026 New Risk • Dec 24
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 8.0% 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 Less than 1 year of cash runway based on free cash flow trend (-JP¥1.1b free cash flow). Share price has been highly volatile over the past 3 months (8.0% average weekly change). Reported Earnings • Nov 18
Second quarter 2026 earnings released: JP¥66.33 loss per share (vs JP¥1.98 loss in 2Q 2025) Second quarter 2026 results: JP¥66.33 loss per share (further deteriorated from JP¥1.98 loss in 2Q 2025). Revenue: JP¥824.0m (up 18% from 2Q 2025). Net loss: JP¥3.74b (loss widened JP¥3.63b from 2Q 2025). Announcement • Sep 26
kaihan co.,Ltd. to Report Q2, 2026 Results on Nov 14, 2025 kaihan co.,Ltd. announced that they will report Q2, 2026 results on Nov 14, 2025 Reported Earnings • Aug 16
First quarter 2026 earnings released: JP¥5.08 loss per share (vs JP¥2.84 loss in 1Q 2025) First quarter 2026 results: JP¥5.08 loss per share (further deteriorated from JP¥2.84 loss in 1Q 2025). Revenue: JP¥791.0m (up 27% from 1Q 2025). Net loss: JP¥278.0m (loss widened 93% from 1Q 2025). Announcement • May 24
kaihan co.,Ltd. announced that it expects to receive ¥1.096653054 billion in funding from FGA Trust Limited kaihan co.,Ltd announced a private placement to issue 1,386,900 shares at a price of ¥721 per share for aggregate proceeds of ¥999,954,900 and 83,217 units of 8th Stock Acquisition Rights at a price of ¥1,162 for aggregate gross proceeds of ¥96,698,154 on May 22, 2025. The Stock Acquisition rights will have an exercise price of ¥721. The transaction will include participation from FGA Trust Limited for 1,386,900 shares and 83,217 units of Stock Acquisition rights. The estimated issuance costs include ¥24,500,000 Registration fee, ¥250,000 Investigation fee for Prospective allottees, ¥2,000,000 for calculating stock acquisition rights price and ¥3,000,000 as support services for preparation of securities registration statements. The Investor has agreed for the Lockup of shares for a period of time. The Stock Acquisition Rights have been approved for transfer by the Company's Board of Directors. Reported Earnings • May 21
Full year 2025 earnings released: JP¥14.25 loss per share (vs JP¥15.51 loss in FY 2024) Full year 2025 results: JP¥14.25 loss per share. Revenue: JP¥2.79b (up 14% from FY 2024). Net loss: JP¥737.0m (loss widened 3.5% from FY 2024). Announcement • May 16
kaihan co.,Ltd., Annual General Meeting, Jun 25, 2025 kaihan co.,Ltd., Annual General Meeting, Jun 25, 2025. Announcement • Apr 03
kaihan co.,Ltd. (TSE:3133) completed the acquisition of NEPAL HYDRO POWER HOLDINGS Co., Ltd. from MEL CAPITAL LIMITED. kaihan co.,Ltd. (TSE:3133) agreed to acquire NEPAL HYDRO POWER HOLDINGS Co., Ltd. from MEL CAPITAL LIMITED for ¥3 billion on February 28, 2025. The consideration consists of 2.79 million common equity of kaihan co.,Ltd. to be issued for common equity of NEPAL HYDRO POWER HOLDINGS Co., Ltd. for 5,000 shares.
kaihan co.,Ltd. (TSE:3133) completed the acquisition of NEPAL HYDRO POWER HOLDINGS Co., Ltd. from MEL CAPITAL LIMITED on April 1, 2025. Announcement • Feb 28
kaihan co.,Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 kaihan co.,Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 New Risk • Feb 25
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 8.1% 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 Less than 1 year of cash runway based on free cash flow trend (-JP¥810m free cash flow). Share price has been highly volatile over the past 3 months (8.1% average weekly change). Reported Earnings • Feb 16
Third quarter 2025 earnings released: JP¥2.93 loss per share (vs JP¥3.96 loss in 3Q 2024) Third quarter 2025 results: JP¥2.93 loss per share (improved from JP¥3.96 loss in 3Q 2024). Revenue: JP¥736.0m (up 23% from 3Q 2024). Net loss: JP¥153.0m (loss narrowed 22% from 3Q 2024). Announcement • Jan 03
kaihan co.,Ltd. to Report Q3, 2025 Results on Feb 14, 2025 kaihan co.,Ltd. announced that they will report Q3, 2025 results on Feb 14, 2025 Reported Earnings • May 20
Full year 2024 earnings released: JP¥15.51 loss per share (vs JP¥36.36 loss in FY 2023) Full year 2024 results: JP¥15.51 loss per share (improved from JP¥36.36 loss in FY 2023). Revenue: JP¥2.44b (up 17% from FY 2023). Net loss: JP¥712.0m (loss narrowed 37% from FY 2023). Announcement • May 17
kaihan co.,Ltd., Annual General Meeting, Jun 25, 2024 kaihan co.,Ltd., Annual General Meeting, Jun 25, 2024. Announcement • Mar 02
kaihan co.,Ltd. to Report Fiscal Year 2024 Results on May 15, 2024 kaihan co.,Ltd. announced that they will report fiscal year 2024 results on May 15, 2024 Announcement • Dec 30
kaihan co.,Ltd. to Report Q3, 2024 Results on Feb 13, 2024 kaihan co.,Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 New Risk • Sep 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 66% 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 Less than 1 year of cash runway based on free cash flow trend (-JP¥1.3b free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings have declined by 44% per year over the past 5 years. Shareholders have been substantially diluted in the past year (66% increase in shares outstanding). Announcement • Aug 27
kaihan co.,Ltd. to Report Q2, 2024 Results on Nov 10, 2023 kaihan co.,Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Announcement • Jun 29
kaihan co.,Ltd. to Report Q1, 2024 Results on Aug 10, 2023 kaihan co.,Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Announcement • Feb 02
REIJ Co., Ltd. acquired 49% stake in KAIHAN ENERGY JAPAN LLC for 0.49 million. REIJ Co., Ltd. acquired 49% stake in KAIHAN ENERGY JAPAN LLC for 0.49 million on January 31, 2023.
REIJ Co., Ltd. completed the acquisition of 49% stake in KAIHAN ENERGY JAPAN LLC on January 31, 2023. Announcement • Dec 28
kaihan co.,Ltd. to Report Q3, 2023 Results on Feb 10, 2023 kaihan co.,Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Announcement • Oct 01
kaihan co.,Ltd. to Report Q2, 2023 Results on Nov 10, 2022 kaihan co.,Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Announcement • Jul 01
kaihan co.,Ltd. to Report Q1, 2023 Results on Aug 10, 2022 kaihan co.,Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Announcement • May 12
kaihan co.,Ltd., Annual General Meeting, Jun 28, 2022 kaihan co.,Ltd., Annual General Meeting, Jun 28, 2022. Announcement • Apr 08
kaihan co.,Ltd. to Report Fiscal Year 2022 Results on May 10, 2022 kaihan co.,Ltd. announced that they will report fiscal year 2022 results on May 10, 2022 Announcement • Mar 30
kaihan co.,Ltd. announced that it has received ¥1.07 billion in funding from NAIC Sustainable LLC, TB1 Co., Ltd., Seacastle Singapore Pte Ltd and another investor On March 28, 2022, kaihan co.,Ltd. closed the transaction. Announcement • Mar 04
kaihan co.,Ltd. announced that it expects to receive ¥1.07 billion in funding from NAIC Sustainable LLC, TB1 Co., Ltd., Seacastle Singapore Pte Ltd, and another investor kaihan co.,Ltd. announced a private placement of 10,000,000 shares of common stock at the price of ¥100 per share for gross proceeds of ¥1,000,000,000 and 25,000 5th stock acquisition rights at the price of ¥2,800 per right for gross proceeds of ¥70,000,000 and for total proceeds of ¥1,070,000,000 on March 2, 2022. Motohiro Yoshikawa will acquire 10,000,000 shares through third party allotment and capitalization amount would be ¥500,000,000. NAIC Sustainable LLC will acquire 15,000 rights, Seacastle Singapore Pte. Ltd will acquire 5,000 rights and existing investor TB1 Co., Ltd. will acquire 5,000 right. The transaction has been approved by the board of directors of the company. The extraordinary general meeting of shareholders is scheduled for March 25, 2022. The transaction is expected to close on March 28, 2022. Is New 90 Day High Low • Feb 25
New 90-day high: JP¥460 The company is up 20% from its price of JP¥383 on 27 November 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 7.0% over the same period. Is New 90 Day High Low • Feb 10
New 90-day high: JP¥444 The company is up 14% from its price of JP¥390 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 Hospitality industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 14
New 90-day high: JP¥416 The company is up 5.0% from its price of JP¥397 on 16 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Hospitality industry, which is up 3.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: JP¥376 The company is down 21% from its price of JP¥478 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 4.0% over the same period. Announcement • Oct 14
kaihan co.,Ltd. announced that it expects to receive ¥30 billion in funding kaihan co.,Ltd. (TSE:3133) announced a private placement of 7,500 stock acquisition rights at the price of ¥4,000 per right for gross proceeds of ¥30,000,000 on October 13, 2020. The transaction will include participation from Japan Renaissance Investment Business Association who will acquire 7,500 rights. The allocation is done through third party allocation. The total issuance expenses would be ¥14,500,000. The transaction is expected to close on November 12, 2020. The transaction has been approved by the board of directors and is subject to a special resolution approval of the advantageous issuance of the Stock Acquisition Rights at the Extraordinary General Meeting of Shareholders. Announcement • Aug 30
kaihan co.,Ltd. to Report Q2, 2021 Results on Nov 09, 2020 kaihan co.,Ltd. announced that they will report Q2, 2021 results on Nov 09, 2020 