Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥743, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 12x in the Diversified Financial industry in Japan. Total loss to shareholders of 16% over the past year. Announcement • Jun 30
NETSTARS Co.,Ltd. to Report Q2, 2026 Results on Aug 13, 2026 NETSTARS Co.,Ltd. announced that they will report Q2, 2026 results on Aug 13, 2026 New Risk • Jun 19
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 6.8% 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 (6.8% average weekly change). Market cap is less than US$100m (JP¥11.0b market cap, or US$68.2m). Reported Earnings • May 18
First quarter 2026 earnings released: EPS: JP¥8.13 (vs JP¥3.82 in 1Q 2025) First quarter 2026 results: EPS: JP¥8.13 (up from JP¥3.82 in 1Q 2025). Revenue: JP¥1.33b (up 23% from 1Q 2025). Net income: JP¥137.0m (up 115% from 1Q 2025). Profit margin: 10% (up from 5.9% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, while revenues in the Diversified Financial industry in Japan are expected to remain flat. Valuation Update With 7 Day Price Move • May 15
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥729, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 12x in the Diversified Financial industry in Japan. Total loss to shareholders of 2.4% over the past year. Reported Earnings • Feb 14
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: JP¥28.98 (up from JP¥2.22 loss in FY 2024). Revenue: JP¥4.79b (up 23% from FY 2024). Net income: JP¥485.0m (up JP¥522.0m from FY 2024). Profit margin: 10% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 31%. Revenue is forecast to grow 22% p.a. on average during the next 2 years, while revenues in the Diversified Financial industry in Japan are expected to remain flat. Announcement • Feb 12
NETSTARS Co.,Ltd., Annual General Meeting, Mar 27, 2026 NETSTARS Co.,Ltd., Annual General Meeting, Mar 27, 2026. New Risk • Jan 23
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.7b (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 (8.8% average weekly change). Minor Risk Market cap is less than US$100m (JP¥15.7b market cap, or US$99.0m). Announcement • Jan 06
NETSTARS Co.,Ltd. to Report Fiscal Year 2025 Results on Feb 12, 2026 NETSTARS Co.,Ltd. announced that they will report fiscal year 2025 results on Feb 12, 2026 Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥975, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 13x in the Diversified Financial industry in Japan. Total returns to shareholders of 25% over the past year. New Risk • Dec 01
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 8.2% 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 (8.2% average weekly change). Minor Risk Market cap is less than US$100m (JP¥15.4b market cap, or US$99.2m). New Risk • Nov 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.2b (US$96.9m) 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: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Market cap is less than US$100m (JP¥15.2b market cap, or US$96.9m). Valuation Update With 7 Day Price Move • Nov 20
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥966, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 12x in the Diversified Financial industry in Japan. Total returns to shareholders of 12% over the past year. Reported Earnings • Nov 16
Third quarter 2025 earnings released: EPS: JP¥5.50 (vs JP¥3.80 in 3Q 2024) Third quarter 2025 results: EPS: JP¥5.50 (up from JP¥3.80 in 3Q 2024). Revenue: JP¥1.21b (up 20% from 3Q 2024). Net income: JP¥92.0m (up 45% from 3Q 2024). Profit margin: 7.6% (up from 6.3% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Diversified Financial industry in Japan. Announcement • Sep 23
NETSTARS Co.,Ltd. to Report Q3, 2025 Results on Nov 13, 2025 NETSTARS Co.,Ltd. announced that they will report Q3, 2025 results on Nov 13, 2025 Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,173, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 13x in the Diversified Financial industry in Japan. Total loss to shareholders of 13% over the past year. Reported Earnings • Aug 15
Second quarter 2025 earnings released: EPS: JP¥4.91 (vs JP¥3.00 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥4.91 (up from JP¥3.00 loss in 2Q 2024). Revenue: JP¥1.11b (up 24% from 2Q 2024). Net income: JP¥82.0m (up JP¥132.0m from 2Q 2024). Profit margin: 7.4% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Diversified Financial industry in Japan. New Risk • Jul 09
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 5.8% 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. This is currently the only risk that has been identified for the company. Announcement • Jun 26
NETSTARS Co.,Ltd. to Report Q2, 2025 Results on Aug 14, 2025 NETSTARS Co.,Ltd. announced that they will report Q2, 2025 results on Aug 14, 2025 Reported Earnings • May 20
First quarter 2025 earnings released: EPS: JP¥2.70 (vs JP¥9.89 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥2.70 (up from JP¥9.89 loss in 1Q 2024). Revenue: JP¥1.05b (up 27% from 1Q 2024). Net income: JP¥45.0m (up JP¥210.0m from 1Q 2024). Profit margin: 4.3% (up from net loss in 1Q 2024). The move to profitability was driven by higher revenue. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Diversified Financial industry in Japan. Announcement • Mar 27
NETSTARS Co.,Ltd. to Report Q1, 2025 Results on May 15, 2025 NETSTARS Co.,Ltd. announced that they will report Q1, 2025 results on May 15, 2025 Announcement • Feb 27
NETSTARS Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2025 NETSTARS Co.,Ltd. provided consolidated earnings guidance for the fiscal year ending December 31, 2025. For the period, the company expects net sales of JPY 4,850 million, operating profit of JPY 233 million, profit attributable to owners of parent of JPY 198 million and earnings per share of JPY 11.91. Reported Earnings • Feb 16
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: JP¥2.22 loss per share (improved from JP¥21.47 loss in FY 2023). Revenue: JP¥3.90b (up 4.9% from FY 2023). Net loss: JP¥37.0m (loss narrowed 89% from FY 2023). Revenue missed analyst estimates by 15%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Diversified Financial industry in Japan. Announcement • Feb 14
NETSTARS Co.,Ltd., Annual General Meeting, Mar 28, 2025 NETSTARS Co.,Ltd., Annual General Meeting, Mar 28, 2025. Breakeven Date Change • Dec 31
Forecast breakeven date pushed back to 2025 The analyst covering NETSTARSLtd previously expected the company to break even in 2024. New forecast suggests the company will make a profit of JP¥474.0m in 2025. Average annual earnings growth of 104% is required to achieve expected profit on schedule. Announcement • Dec 03
NETSTARS Co.,Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025 NETSTARS Co.,Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025 Reported Earnings • Nov 24
Third quarter 2024 earnings released: EPS: JP¥3.80 (vs JP¥10.07 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥3.80 (up from JP¥10.07 loss in 3Q 2023). Revenue: JP¥1.01b (up 13% from 3Q 2023). Net income: JP¥63.5m (up JP¥231.5m from 3Q 2023). Profit margin: 6.3% (up from net loss in 3Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Diversified Financial industry in Japan. Announcement • Nov 20
NETSTARS Co.,Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2024 NETSTARS Co.,Ltd. provided consolidated earnings guidance for the fiscal year ending December 31, 2024. For the period, the company expects net sales of JPY 3,937 million, operating loss of JPY 166 million, loss attributable to owners of parent of JPY 106 million and basic loss per share of JPY 6.36. New Risk • Nov 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.1b (US$90.6m) 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 (10% average weekly change). Minor Risk Market cap is less than US$100m (JP¥14.1b market cap, or US$90.6m). Announcement • Sep 25
NETSTARS Co.,Ltd. to Report Q3, 2024 Results on Nov 14, 2024 NETSTARS Co.,Ltd. announced that they will report Q3, 2024 results on Nov 14, 2024 Reported Earnings • Aug 19
Second quarter 2024 earnings released Second quarter 2024 results: JP¥3.00 loss per share. Net loss: JP¥50.0m (flat on 2Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Diversified Financial industry in Japan. Announcement • Jun 06
NETSTARS Co.,Ltd. to Report Q2, 2024 Results on Aug 14, 2024 NETSTARS Co.,Ltd. announced that they will report Q2, 2024 results on Aug 14, 2024 Reported Earnings • May 17
First quarter 2024 earnings released First quarter 2024 results: JP¥9.89 loss per share. Net loss: JP¥165.0m (flat on 1Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Diversified Financial industry in Japan. New Risk • Apr 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.1b (US$97.6m) 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 (12% average weekly change). Minor Risk Market cap is less than US$100m (JP¥15.1b market cap, or US$97.6m). Announcement • Mar 28
NETSTARS Co.,Ltd. to Report Q1, 2024 Results on May 15, 2024 NETSTARS Co.,Ltd. announced that they will report Q1, 2024 results on May 15, 2024 Reported Earnings • Feb 16
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: JP¥21.47 loss per share (improved from JP¥35.80 loss in FY 2022). Revenue: JP¥3.72b (up 25% from FY 2022). Net loss: JP¥347.0m (loss narrowed 39% from FY 2022). Revenue missed analyst estimates by 2.4%. Earnings per share (EPS) also missed analyst estimates by 3.9%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Diversified Financial industry in Japan. Announcement • Feb 16
NETSTARS Co.,Ltd., Annual General Meeting, Mar 29, 2024 NETSTARS Co.,Ltd., Annual General Meeting, Mar 29, 2024. Announcement • Dec 28
NETSTARS Co.,Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024 NETSTARS Co.,Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024 Announcement • Sep 29
NETSTARS Co.,Ltd. to Report Q3, 2023 Results on Nov 14, 2023 NETSTARS Co.,Ltd. announced that they will report Q3, 2023 results on Nov 14, 2023 Announcement • Sep 27
NETSTARS Co.,Ltd. has completed an IPO in the amount of ¥4.674945 billion. NETSTARS Co.,Ltd. has completed an IPO in the amount of ¥4.674945 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,580,800
Price\Range: ¥1450
Discount Per Security: ¥116
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 700,000
Price\Range: ¥1450
Discount Per Security: ¥116
Security Name: Shares
Security Type: Common Stock
Securities Offered: 943,300
Price\Range: ¥1450
Discount Per Security: ¥116
Transaction Features: Sponsor Backed Offering Board Change • Sep 26
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. 7 non-independent directors. Independent Outside Director Eiji Yatagawa 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. 
