Reported Earnings • Feb 11
Third quarter 2026 earnings released: JP¥7.50 loss per share (vs JP¥2.91 profit in 3Q 2025) Third quarter 2026 results: JP¥7.50 loss per share (down from JP¥2.91 profit in 3Q 2025). Revenue: JP¥4.70b (up 5.6% from 3Q 2025). Net loss: JP¥75.0m (down 359% from profit in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. New Risk • Jan 14
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 7.5% 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 Risk Less than 1 year of cash runway based on free cash flow trend (-JP¥4.0b free cash flow). 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¥4.19b market cap, or US$26.4m). Announcement • Dec 20
Awa Paper & Technological Company, Inc. to Report Q3, 2026 Results on Feb 10, 2026 Awa Paper & Technological Company, Inc. announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 14
Second quarter 2026 earnings released: JP¥18.80 loss per share (vs JP¥4.21 loss in 2Q 2025) Second quarter 2026 results: JP¥18.80 loss per share (further deteriorated from JP¥4.21 loss in 2Q 2025). Revenue: JP¥4.50b (up 2.1% from 2Q 2025). Net loss: JP¥188.0m (loss widened 348% from 2Q 2025). 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. Announcement • Sep 23
Awa Paper & Technological Company, Inc. to Report Q2, 2026 Results on Nov 11, 2025 Awa Paper & Technological Company, Inc. announced that they will report Q2, 2026 results on Nov 11, 2025 Reported Earnings • Aug 10
First quarter 2026 earnings released: JP¥27.36 loss per share (vs JP¥16.13 loss in 1Q 2025) First quarter 2026 results: JP¥27.36 loss per share (further deteriorated from JP¥16.13 loss in 1Q 2025). Revenue: JP¥4.31b (up 17% from 1Q 2025). Net loss: JP¥273.0m (loss widened 70% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Announcement • Jun 24
Awa Paper & Technological Company, Inc. to Report Q1, 2026 Results on Aug 08, 2025 Awa Paper & Technological Company, Inc. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 17
Full year 2025 earnings released: EPS: JP¥3.51 (vs JP¥5.21 in FY 2024) Full year 2025 results: EPS: JP¥3.51 (down from JP¥5.21 in FY 2024). Revenue: JP¥17.1b (up 6.3% from FY 2024). Net income: JP¥35.0m (down 33% from FY 2024). Profit margin: 0.2% (down from 0.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Announcement • May 13
Awa Paper & Technological Company, Inc., Annual General Meeting, Jun 26, 2025 Awa Paper & Technological Company, Inc., Annual General Meeting, Jun 26, 2025. Announcement • Mar 22
Awa Paper & Technological Company, Inc. to Report Fiscal Year 2025 Results on May 13, 2025 Awa Paper & Technological Company, Inc. announced that they will report fiscal year 2025 results on May 13, 2025 Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: JP¥2.91 (vs JP¥6.31 in 3Q 2024) Third quarter 2025 results: EPS: JP¥2.91 (down from JP¥6.31 in 3Q 2024). Revenue: JP¥4.45b (up 6.8% from 3Q 2024). Net income: JP¥29.0m (down 54% from 3Q 2024). Profit margin: 0.7% (down from 1.5% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Announcement • Dec 21
Awa Paper & Technological Company, Inc. to Report Q3, 2025 Results on Feb 12, 2025 Awa Paper & Technological Company, Inc. announced that they will report Q3, 2025 results on Feb 12, 2025 Reported Earnings • Nov 17
Second quarter 2025 earnings released: JP¥4.21 loss per share (vs JP¥2.41 loss in 2Q 2024) Second quarter 2025 results: JP¥4.21 loss per share (further deteriorated from JP¥2.41 loss in 2Q 2024). Revenue: JP¥4.40b (up 8.2% from 2Q 2024). Net loss: JP¥42.0m (loss widened 75% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Sep 25
Awa Paper & Technological Company, Inc. to Report Q2, 2025 Results on Nov 12, 2024 Awa Paper & Technological Company, Inc. announced that they will report Q2, 2025 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to JP¥408, the stock trades at a trailing P/E ratio of 78.3x. Average trailing P/E is 9x in the Forestry industry in Japan. Total returns to shareholders of 2.9% over the past three years. New Risk • Aug 02
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 7.6% 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 Debt is not well covered by operating cash flow (8.5% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (7.6% average weekly change). High level of non-cash earnings (24% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.3% net profit margin). Market cap is less than US$100m (JP¥4.87b market cap, or US$32.7m). Announcement • Jun 23
Awa Paper & Technological Company, Inc. to Report Q1, 2025 Results on Aug 09, 2024 Awa Paper & Technological Company, Inc. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 17
Full year 2024 earnings released: EPS: JP¥5.21 (vs JP¥24.25 in FY 2023) Full year 2024 results: EPS: JP¥5.21 (down from JP¥24.25 in FY 2023). Revenue: JP¥16.1b (down 6.9% from FY 2023). Net income: JP¥52.0m (down 79% from FY 2023). Profit margin: 0.3% (down from 1.4% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • May 15
Awa Paper & Technological Company, Inc., Annual General Meeting, Jun 26, 2024 Awa Paper & Technological Company, Inc., Annual General Meeting, Jun 26, 2024. Announcement • Mar 28
Awa Paper & Technological Company, Inc. to Report Fiscal Year 2024 Results on May 13, 2024 Awa Paper & Technological Company, Inc. announced that they will report fiscal year 2024 results on May 13, 2024 Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥6.31 (vs JP¥17.94 in 3Q 2023) Third quarter 2024 results: EPS: JP¥6.31 (down from JP¥17.94 in 3Q 2023). Revenue: JP¥4.17b (down 6.3% from 3Q 2023). Net income: JP¥63.0m (down 65% from 3Q 2023). Profit margin: 1.5% (down from 4.0% 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 only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥487, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 14x in the Forestry industry in Japan. Total returns to shareholders of 8.0% over the past three years. Valuation Update With 7 Day Price Move • Jan 09
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥462, the stock trades at a trailing P/E ratio of 26.5x. Average trailing P/E is 14x in the Forestry industry in Japan. Total loss to shareholders of 1.4% over the past three years. Announcement • Dec 28
Awa Paper & Technological Company, Inc. to Report Q3, 2024 Results on Feb 09, 2024 Awa Paper & Technological Company, Inc. announced that they will report Q3, 2024 results on Feb 09, 2024 New Risk • Nov 12
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (9.4% operating cash flow to total debt). High level of non-cash earnings (25% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (JP¥4.32b market cap, or US$28.5m). Reported Earnings • Nov 10
Second quarter 2024 earnings released: JP¥2.41 loss per share (vs JP¥5.71 profit in 2Q 2023) Second quarter 2024 results: JP¥2.41 loss per share (down from JP¥5.71 profit in 2Q 2023). Revenue: JP¥4.07b (down 2.4% from 2Q 2023). Net loss: JP¥24.0m (down 142% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Sep 29
Awa Paper & Technological Company, Inc. to Report Q2, 2024 Results on Nov 09, 2023 Awa Paper & Technological Company, Inc. announced that they will report Q2, 2024 results on Nov 09, 2023 New Risk • Aug 12
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.5% Last year net profit margin: 2.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Market cap is less than US$100m (JP¥5.22b market cap, or US$36.0m). Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: JP¥9.22 (vs JP¥7.92 in 1Q 2023) First quarter 2024 results: EPS: JP¥9.22 (up from JP¥7.92 in 1Q 2023). Revenue: JP¥4.19b (up 2.0% from 1Q 2023). Net income: JP¥92.0m (up 17% from 1Q 2023). Profit margin: 2.2% (up from 1.9% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Jun 26
Awa Paper & Technological Company, Inc. to Report Q1, 2024 Results on Aug 09, 2023 Awa Paper & Technological Company, Inc. announced that they will report Q1, 2024 results on Aug 09, 2023 Reported Earnings • May 14
Full year 2023 earnings released: EPS: JP¥24.25 (vs JP¥28.26 in FY 2022) Full year 2023 results: EPS: JP¥24.25 (down from JP¥28.26 in FY 2022). Revenue: JP¥17.3b (up 15% from FY 2022). Net income: JP¥242.0m (down 14% from FY 2022). Profit margin: 1.4% (down from 1.9% in FY 2022). Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • May 13
Awa Paper & Technological Company, Inc., Annual General Meeting, Jun 27, 2023 Awa Paper & Technological Company, Inc., Annual General Meeting, Jun 27, 2023. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥754, the stock trades at a trailing P/E ratio of 15x. Average trailing P/E is 9x in the Forestry industry in Japan. Total returns to shareholders of 74% over the past three years. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥17.94 (vs JP¥7.62 in 3Q 2022) Third quarter 2023 results: EPS: JP¥17.94 (up from JP¥7.62 in 3Q 2022). Revenue: JP¥4.45b (up 14% from 3Q 2022). Net income: JP¥179.0m (up 136% from 3Q 2022). Profit margin: 4.0% (up from 2.0% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 28% share price gain to JP¥380, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 7x in the Forestry industry in Japan. Total loss to shareholders of 35% over the past three years. Announcement • Dec 26
Awa Paper & Technological Company, Inc. to Report Q3, 2023 Results on Feb 09, 2023 Awa Paper & Technological Company, Inc. announced that they will report Q3, 2023 results on Feb 09, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥5.71 (vs JP¥2.11 in 2Q 2022) Second quarter 2023 results: EPS: JP¥5.71 (up from JP¥2.11 in 2Q 2022). Revenue: JP¥4.17b (up 15% from 2Q 2022). Net income: JP¥57.0m (up 171% from 2Q 2022). Profit margin: 1.4% (up from 0.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. 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 Outside Director Junichiro Kunihara 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. Reported Earnings • Nov 11
Second quarter 2023 earnings released: EPS: JP¥5.71 (vs JP¥2.11 in 2Q 2022) Second quarter 2023 results: EPS: JP¥5.71 (up from JP¥2.11 in 2Q 2022). Revenue: JP¥4.17b (up 15% from 2Q 2022). Net income: JP¥57.0m (up 171% from 2Q 2022). Profit margin: 1.4% (up from 0.6% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Sep 24
Awa Paper & Technological Company, Inc. to Report Q2, 2023 Results on Nov 09, 2022 Awa Paper & Technological Company, Inc. announced that they will report Q2, 2023 results on Nov 09, 2022 Reported Earnings • Aug 11
First quarter 2023 earnings released: EPS: JP¥7.92 (vs JP¥0.04 in 1Q 2022) First quarter 2023 results: EPS: JP¥7.92 (up from JP¥0.04 in 1Q 2022). Revenue: JP¥4.10b (up 16% from 1Q 2022). Net income: JP¥79.0m (up JP¥79.0m from 1Q 2022). Profit margin: 1.9% (up from 0% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Jun 22
Awa Paper & Technological Company, Inc. to Report Q1, 2023 Results on Aug 09, 2022 Awa Paper & Technological Company, Inc. announced that they will report Q1, 2023 results on Aug 09, 2022 Announcement • May 14
Awa Paper & Technological Company, Inc., Annual General Meeting, Jun 24, 2022 Awa Paper & Technological Company, Inc., Annual General Meeting, Jun 24, 2022. Board Change • Apr 27
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 Outside Director Junichiro Kunihara 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. Announcement • Apr 08
Awa Paper & Technological Company, Inc. to Report Fiscal Year 2022 Results on May 12, 2022 Awa Paper & Technological Company, Inc. announced that they will report fiscal year 2022 results on May 12, 2022 Reported Earnings • Feb 10
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥7.62 (up from JP¥6.41 loss in 3Q 2021). Revenue: JP¥3.90b (up 27% from 3Q 2021). Net income: JP¥76.0m (up JP¥140.0m from 3Q 2021). Profit margin: 2.0% (up from net loss in 3Q 2021). Revenue was in line with analyst estimates. 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 8% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥2.10 (vs JP¥13.83 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥3.62b (up 26% from 2Q 2021). Net income: JP¥21.0m (up JP¥159.0m from 2Q 2021). Profit margin: 0.6% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
Full year 2021 earnings released: JP¥44.50 loss per share (vs JP¥3.31 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¥12.6b (down 18% from FY 2020). Net loss: JP¥444.0m (loss widened JP¥411.0m from FY 2020). Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 11
Third quarter 2021 earnings released: JP¥6.41 loss per share (vs JP¥3.61 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: JP¥3.08b (down 19% from 3Q 2020). Net loss: JP¥64.0m (loss widened 78% from 3Q 2020). 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 10% per year, which means it is significantly lagging earnings. Announcement • Dec 23
Awa Paper & Technological Company, Inc. to Report Q3, 2021 Results on Feb 09, 2021 Awa Paper & Technological Company, Inc. announced that they will report Q3, 2021 results on Feb 09, 2021 Announcement • Sep 23
Awa Paper & Technological Company, Inc. to Report Q2, 2021 Results on Nov 11, 2020 Awa Paper & Technological Company, Inc. announced that they will report Q2, 2021 results on Nov 11, 2020 Announcement • Jun 21
Awa Paper & Technological Company, Inc. to Report Q1, 2021 Results on Aug 06, 2020 Awa Paper & Technological Company, Inc. announced that they will report Q1, 2021 results on Aug 06, 2020