New Risk • Feb 18
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¥1.3b 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 Risk Less than 1 year of cash runway based on free cash flow trend (-JP¥1.3b free cash flow). Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Market cap is less than US$100m (JP¥3.06b market cap, or US$20.0m). Buy Or Sell Opportunity • Feb 17
Now 21% overvalued Over the last 90 days, the stock has fallen 2.5% to JP¥154. The fair value is estimated to be JP¥128, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Earnings per share has grown by 66%. Reported Earnings • Feb 16
Second quarter 2026 earnings released: EPS: JP¥13.11 (vs JP¥37.45 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥13.11 (up from JP¥37.45 loss in 2Q 2025). Revenue: JP¥1.17b (up 70% from 2Q 2025). Net income: JP¥259.0m (up JP¥999.0m from 2Q 2025). Profit margin: 22% (up from net loss in 2Q 2025). 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 25% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Jan 26
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 8.1% to JP¥160. The fair value is estimated to be JP¥130, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Earnings per share has grown by 71%. New Risk • Nov 04
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 11% 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 (11% average weekly change). Minor Risk Market cap is less than US$100m (JP¥3.66b market cap, or US$23.8m). Reported Earnings • Nov 01
Full year 2025 earnings released: JP¥38.81 loss per share (vs JP¥15.18 loss in FY 2024) Full year 2025 results: JP¥38.81 loss per share (further deteriorated from JP¥15.18 loss in FY 2024). Revenue: JP¥3.72b (up 32% from FY 2024). Net loss: JP¥767.0m (loss widened 202% from FY 2024). Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Announcement • Oct 31
Tabikobo Co. Ltd. to Report Q1, 2026 Results on Nov 13, 2025 Tabikobo Co. Ltd. announced that they will report Q1, 2026 results on Nov 13, 2025 New Risk • Sep 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Market cap is less than US$100m (JP¥3.14b market cap, or US$21.4m). Announcement • Jun 27
Tabikobo Co. Ltd. to Report Fiscal Year 2025 Results on Aug 13, 2025 Tabikobo Co. Ltd. announced that they will report fiscal year 2025 results on Aug 13, 2025 New Risk • Apr 07
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 7.7% 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 Risk Share price has been highly volatile over the past 3 months (7.7% average weekly change). Minor Risk Market cap is less than US$100m (JP¥2.87b market cap, or US$19.6m). Announcement • Mar 27
Tabikobo Co. Ltd. to Report Q3, 2025 Results on May 13, 2025 Tabikobo Co. Ltd. announced that they will report Q3, 2025 results on May 13, 2025 Announcement • Jan 03
Tabikobo Co. Ltd. to Report Q2, 2025 Results on Feb 13, 2025 Tabikobo Co. Ltd. announced that they will report Q2, 2025 results on Feb 13, 2025 New Risk • Nov 13
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 9.6% 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 Share price has been highly volatile over the past 3 months (9.6% average weekly change). Earnings have declined by 13% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥4.15b market cap, or US$26.8m). Announcement • Oct 01
Tabikobo Co. Ltd. to Report Q1, 2025 Results on Nov 13, 2024 Tabikobo Co. Ltd. announced that they will report Q1, 2025 results on Nov 13, 2024 Announcement • Aug 13
Tabikobo Co. Ltd., Annual General Meeting, Sep 25, 2024 Tabikobo Co. Ltd., Annual General Meeting, Sep 25, 2024. New Risk • Aug 02
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 5.6% 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 23% per year over the past 5 years. Shareholders have been substantially diluted in the past year (102% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Market cap is less than US$100m (JP¥3.89b market cap, or US$26.2m). Announcement • Jun 28
Tabikobo Co. Ltd. to Report Fiscal Year 2024 Results on Aug 13, 2024 Tabikobo Co. Ltd. announced that they will report fiscal year 2024 results on Aug 13, 2024 New Risk • Feb 16
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 10% 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 Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (151% increase in shares outstanding). Minor Risk Market cap is less than US$100m (JP¥4.72b market cap, or US$31.4m). Reported Earnings • Feb 15
Third quarter 2024 earnings released: JP¥5.08 loss per share (vs JP¥27.93 loss in 3Q 2023) Third quarter 2024 results: JP¥5.08 loss per share (improved from JP¥27.93 loss in 3Q 2023). Revenue: JP¥666.0m (up 165% from 3Q 2023). Net loss: JP¥95.0m (loss narrowed 53% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 47% per year, which means it is significantly lagging earnings. Announcement • Feb 02
Reiwa Travel, Inc. completed the acquisition of Aloha 7, Inc. from Tabikobo Co. Ltd. (TSE:6548). Reiwa Travel, Inc. agreed to acquire Aloha 7, Inc. from Tabikobo Co. Ltd. (TSE:6548) on December 20, 2023. Contract conclusion date is expected on December 31, 2023, and the deal is expected to be completed on January 31, 2024. As of March, 2023, Aloha 7, Inc. reported net worth of $0.18 million, total assets of $0.24 million, sales of $0.7 million, operating income of -$0.17 million, and net income of -$0.18 million.Reiwa Travel, Inc. completed the acquisition of Aloha 7, Inc. from Tabikobo Co. Ltd. (TSE:6548) on December 20, 2023. Announcement • Jan 18
Tabikobo Co. Ltd. to Report Q3, 2024 Results on Feb 13, 2024 Tabikobo Co. Ltd. announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 16
Second quarter 2024 earnings released: JP¥4.89 loss per share (vs JP¥46.54 loss in 2Q 2023) Second quarter 2024 results: JP¥4.89 loss per share (improved from JP¥46.54 loss in 2Q 2023). Revenue: JP¥852.0m (up 218% from 2Q 2023). Net loss: JP¥47.0m (loss narrowed 84% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. New Risk • Nov 04
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 203% 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 (8.3% average weekly change). Negative equity (-JP¥733m). Earnings have declined by 48% per year over the past 5 years. Shareholders have been substantially diluted in the past year (203% increase in shares outstanding). Minor Risk Market cap is less than US$100m (JP¥5.47b market cap, or US$36.6m). Announcement • Nov 02
Tabikobo Co. Ltd. announced that it has received ¥3 billion in funding from Adventure, Inc., MLI For Client General Omni. Non Collateral Non Treaty-PB, JPMorgan Securities Japan Co., Ltd. On October 31, 2023, Tabikobo Co. Ltd. closed the trasaction. Announcement • Oct 28
Tabikobo Co. Ltd. to Report Q2, 2024 Results on Nov 13, 2023 Tabikobo Co. Ltd. announced that they will report Q2, 2024 results on Nov 13, 2023 New Risk • Oct 06
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 7.4% 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 Share price has been highly volatile over the past 3 months (7.4% average weekly change). Negative equity (-JP¥733m). Earnings have declined by 48% per year over the past 5 years. Shareholders have been substantially diluted in the past year (64% increase in shares outstanding). Minor Risk Market cap is less than US$100m (JP¥2.87b market cap, or US$19.3m). Reported Earnings • Aug 12
First quarter 2024 earnings released: JP¥11.34 loss per share (vs JP¥52.63 loss in 1Q 2023) First quarter 2024 results: JP¥11.34 loss per share (improved from JP¥52.63 loss in 1Q 2023). Revenue: JP¥519.0m (up 169% from 1Q 2023). Net loss: JP¥99.0m (loss narrowed 68% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 28% per year, which means it is significantly lagging earnings. New Risk • Jun 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% 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¥1.5b free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Negative equity (-JP¥1.1b). Earnings have declined by 54% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Market cap is less than US$100m (JP¥3.53b market cap, or US$24.7m). Reported Earnings • May 17
Full year 2023 earnings released: JP¥149 loss per share (vs JP¥348 loss in FY 2022) Full year 2023 results: JP¥149 loss per share (improved from JP¥348 loss in FY 2022). Revenue: JP¥1.26b (up 22% from FY 2022). Net loss: JP¥1.01b (loss narrowed 49% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 16
Third quarter 2023 earnings released: JP¥27.93 loss per share (vs JP¥52.03 loss in 3Q 2022) Third quarter 2023 results: JP¥27.93 loss per share (improved from JP¥52.03 loss in 3Q 2022). Revenue: JP¥251.0m (down 30% from 3Q 2022). Net loss: JP¥204.0m (loss narrowed 33% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 44% per year whereas the company’s share price has fallen by 39% per year. Announcement • Dec 28
Tabikobo Co. Ltd. to Report Q3, 2023 Results on Feb 14, 2023 Tabikobo Co. Ltd. announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 18
Second quarter 2023 earnings released: JP¥46.54 loss per share (vs JP¥52.77 loss in 2Q 2022) Second quarter 2023 results: JP¥46.54 loss per share (improved from JP¥52.77 loss in 2Q 2022). Revenue: JP¥268.0m (up 6.3% from 2Q 2022). Net loss: JP¥284.0m (loss narrowed 4.1% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has only fallen by 36% per year, which means it has not declined as severely as earnings. Board Change • Nov 16
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. 4 non-independent directors. Independent External Director Ryuichiro Nakao 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. Announcement • Sep 28
Tabikobo Co. Ltd. to Report Q2, 2023 Results on Nov 14, 2022 Tabikobo Co. Ltd. announced that they will report Q2, 2023 results on Nov 14, 2022 Announcement • Aug 31
Tabikobo Co. Ltd. announced that it has received ¥21.48 million in funding On August 29, 2022, Tabikobo Co. Ltd. closed the transaction. Reported Earnings • Aug 15
First quarter 2023 earnings released: JP¥52.63 loss per share (vs JP¥73.59 loss in 1Q 2022) First quarter 2023 results: JP¥52.63 loss per share (up from JP¥73.59 loss in 1Q 2022). Revenue: JP¥193.0m (up 46% from 1Q 2022). Net loss: JP¥312.0m (loss narrowed 20% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Announcement • Jul 01
Tabikobo Co. Ltd. to Report Q1, 2023 Results on Aug 12, 2022 Tabikobo Co. Ltd. announced that they will report Q1, 2023 results on Aug 12, 2022 Announcement • May 28
Tabikobo Co. Ltd. announced that it expects to receive ¥15.353494 million in funding from EMA Financial LLC Tabikobo Co. Ltd. announced a private placement of 38,098 series 3rd stock acquisition rights at a price ¥403 per unit for gross proceeds of ¥15,353,494 on May 27, 2022. The transaction will involve participation from new investor EMA Financial, LLC. The company will issue 100 share per acquisition right, resulting in 3,809,800 potential shares. The Initial exercise price is fixed at ¥773 per share. The acquisition right exercise period is from June 14, 2022 to June 13, 2024. Post exercise of rights the company will raise gross proceeds of ¥2,940,328,894, pay expenses of ¥20,000,000, resulting in net proceeds of ¥2,940,328,894. The transaction is expected to close on April 28, 2021. The transaction has been approved by the board of directors of the company. Reported Earnings • May 18
Full year 2022 earnings released: JP¥348 loss per share (vs JP¥375 loss in FY 2021) Full year 2022 results: JP¥348 loss per share. Revenue: JP¥1.04b (up 13% from FY 2021). Net loss: JP¥1.97b (loss widened 9.0% from FY 2021). Announcement • May 18
Tabikobo Co. Ltd., Annual General Meeting, Jun 29, 2022 Tabikobo Co. Ltd., Annual General Meeting, Jun 29, 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 External Director Ryuichiro Nakao 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. Announcement • Apr 08
Tabikobo Co. Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Tabikobo Co. Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Reported Earnings • Nov 15
Second quarter 2022 earnings released: JP¥51.35 loss per share (vs JP¥27.47 loss in 2Q 2021) The company reported a mediocre second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2022 results: Revenue: JP¥252.0m (up 56% from 2Q 2021). Net loss: JP¥288.0m (loss widened 120% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 30
Full year 2021 earnings released: JP¥292 loss per share (vs JP¥18.63 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥1.65b (down 95% from FY 2020). Net loss: JP¥1.41b (down JP¥1.50b from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 112 percentage points per year, which is a significant difference in performance. Reported Earnings • May 16
Full year 2021 earnings released: JP¥292 loss per share (vs JP¥18.63 profit in FY 2020) The company reported a poor full year result with weaker earnings, revenues and control over costs. Full year 2021 results: Revenue: JP¥1.65b (down 95% from FY 2020). Net loss: JP¥1.41b (down JP¥1.50b from profit in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Feb 22
New 90-day high: JP¥1,320 The company is up 28% from its price of JP¥1,032 on 24 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 6.0% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: JP¥107 loss per share (vs JP¥2.53 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¥1.17b (down 87% from 3Q 2020). Net loss: JP¥509.0m (down JP¥521.0m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 90% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 05
New 90-day high: JP¥1,188 The company is up 19% from its price of JP¥1,002 on 06 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Hospitality industry, which is up 8.0% over the same period. Announcement • Jan 09
Tabikobo Co. Ltd. announced that it has received ¥2.829 million in funding from Morgan Stanley MUFG Securities Co., Ltd., Investment Arm On January 8, 2021, Tabikobo Co. Ltd. (TSE:6548) closed the transaction. Announcement • Dec 30
Tabikobo Co. Ltd. to Report Q3, 2021 Results on Feb 12, 2021 Tabikobo Co. Ltd. announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Dec 23
New 90-day low: JP¥940 The company is down 23% from its price of JP¥1,213 on 24 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 3.0% over the same period. Announcement • Oct 10
Tabikobo Co. Ltd. to Report Q2, 2021 Results on Nov 12, 2020 Tabikobo Co. Ltd. announced that they will report Q2, 2021 results on Nov 12, 2020 Announcement • Aug 15
Tabikobo Co. Ltd. to Report Q1, 2021 Results on Sep 14, 2020 Tabikobo Co. Ltd. announced that they will report Q1, 2021 results on Sep 14, 2020 
