New Risk • May 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 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¥9.42b market cap, or US$59.7m). Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥4,200, the stock trades at a trailing P/E ratio of 10.5x. Average trailing P/E is 16x in the Media industry in Japan. Total returns to shareholders of 35% over the past three years. Reported Earnings • Apr 11
Second quarter 2026 earnings released: EPS: JP¥192 (vs JP¥50.40 in 2Q 2025) Second quarter 2026 results: EPS: JP¥192 (up from JP¥50.40 in 2Q 2025). Revenue: JP¥3.11b (up 29% from 2Q 2025). Net income: JP¥445.0m (up 280% from 2Q 2025). Profit margin: 14% (up from 4.9% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Jan 10
First quarter 2026 earnings released: EPS: JP¥330 (vs JP¥265 in 1Q 2025) First quarter 2026 results: EPS: JP¥330 (up from JP¥265 in 1Q 2025). Revenue: JP¥3.96b (up 19% from 1Q 2025). Net income: JP¥765.0m (up 25% from 1Q 2025). Profit margin: 19% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • Oct 11
Full year 2025 earnings released: EPS: JP¥193 (vs JP¥172 in FY 2024) Full year 2025 results: EPS: JP¥193 (up from JP¥172 in FY 2024). Revenue: JP¥8.68b (up 15% from FY 2024). Net income: JP¥448.0m (up 12% from FY 2024). Profit margin: 5.2% (down from 5.3% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Oct 10
Hobonichi Co., Ltd., Annual General Meeting, Nov 29, 2025 Hobonichi Co., Ltd., Annual General Meeting, Nov 29, 2025. Upcoming Dividend • Aug 21
Upcoming dividend of JP¥90.00 per share Eligible shareholders must have bought the stock before 28 August 2025. Payment date: 25 November 2025. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.7%). Announcement • Aug 01
Hobonichi Co., Ltd. to Report Fiscal Year 2025 Results on Oct 10, 2025 Hobonichi Co., Ltd. announced that they will report fiscal year 2025 results on Oct 10, 2025 Reported Earnings • Jul 14
Third quarter 2025 earnings released: JP¥90.90 loss per share (vs JP¥118 loss in 3Q 2024) Third quarter 2025 results: JP¥90.90 loss per share (improved from JP¥118 loss in 3Q 2024). Revenue: JP¥1.12b (up 16% from 3Q 2024). Net loss: JP¥211.0m (loss narrowed 23% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 12
Second quarter 2025 earnings released: EPS: JP¥50.40 (vs JP¥103 in 2Q 2024) Second quarter 2025 results: EPS: JP¥50.40 (down from JP¥103 in 2Q 2024). Revenue: JP¥2.41b (up 14% from 2Q 2024). Net income: JP¥117.0m (down 51% from 2Q 2024). Profit margin: 4.9% (down from 11% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Jan 12
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (JP¥7.56b market cap, or US$47.9m). Reported Earnings • Oct 17
Full year 2024 earnings released: EPS: JP¥172 (vs JP¥177 in FY 2023) Full year 2024 results: EPS: JP¥172 (down from JP¥177 in FY 2023). Revenue: JP¥7.53b (up 11% from FY 2023). Net income: JP¥399.0m (down 2.9% from FY 2023). Profit margin: 5.3% (down from 6.0% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Oct 15
Hobonichi Co., Ltd., Annual General Meeting, Nov 23, 2024 Hobonichi Co., Ltd., Annual General Meeting, Nov 23, 2024. Announcement • Aug 23
Hobonichi Techo to Launch 2025 Lineup with over 350 New Items Hobonichi unveiled its highly anticipated 2025 lineup, set to launch on September 1, 2024. The Hobonichi Techo, the brand's beloved Japanese planner, is experiencing a surge in global popularity. The 2024 edition has sold over 900,000 units across more than 100 countries and regions, marking a 30% year-over-year increase in global sales. On social media, Hobonichi enthusiasts have cultivated a community where users share their planner and journaling pages daily, leading to posts tagged with "#hobonichi" to double YOY. Hobonichi offered English versions in 7 out of their 24 planner types, including the popular one-page-per-day format in A5 and A6 sizes and its weekly planner type. The planner's key features are its 180-degree lay-flat binding that ensures effortless writing and its use of the renowned Tomoe River Paper, which is known for its ultra-thin yet sturdy quality. The highly anticipated annual product launch for the Hobonichi Techo includes new designs and unique collaborations with artists and brands that appeal to a wide range of users. Highlights for the 2025 edition include a third-year collaboration with "ONE PIECE magazine," as well as other popular collaborations with illustrators Hiroko Kubotta and Yumi Kitagishi. Further included are old woodblock print designs selected from Bijutsukai and Shin-Bijutsukai that were published during the Meiji period (1868–1912). The official Hobonichi Store website is the primary source for purchasing the full range of products. Upcoming Dividend • Aug 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 August 2024. Payment date: 27 November 2024. The average dividend yield among industry peers is 2.4%. Buy Or Sell Opportunity • Aug 17
Now 20% undervalued Over the last 90 days, the stock has risen 4.1% to JP¥3,440. The fair value is estimated to be JP¥4,309, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 32%. Buy Or Sell Opportunity • Aug 02
Now 22% undervalued Over the last 90 days, the stock has risen 2.9% to JP¥3,400. The fair value is estimated to be JP¥4,342, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Earnings per share has grown by 32%. Reported Earnings • Jul 16
Third quarter 2024 earnings released: JP¥118 loss per share (vs JP¥74.58 loss in 3Q 2023) Third quarter 2024 results: JP¥118 loss per share (further deteriorated from JP¥74.58 loss in 3Q 2023). Revenue: JP¥968.0m (down 11% from 3Q 2023). Net loss: JP¥273.0m (loss widened 58% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 12
Second quarter 2024 earnings released: EPS: JP¥103 (vs JP¥67.68 in 2Q 2023) Second quarter 2024 results: EPS: JP¥103 (up from JP¥67.68 in 2Q 2023). Revenue: JP¥2.11b (up 19% from 2Q 2023). Net income: JP¥240.0m (up 53% from 2Q 2023). Profit margin: 11% (up from 8.9% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 13
First quarter 2024 earnings released: EPS: JP¥218 (vs JP¥205 in 1Q 2023) First quarter 2024 results: EPS: JP¥218 (up from JP¥205 in 1Q 2023). Revenue: JP¥2.92b (up 9.6% from 1Q 2023). Net income: JP¥506.0m (up 6.3% from 1Q 2023). Profit margin: 17% (in line with 1Q 2023). 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 4% per year, which means it is significantly lagging earnings. Announcement • Nov 29
Hobonichi Co., Ltd. to Report Q1, 2024 Results on Jan 11, 2024 Hobonichi Co., Ltd. announced that they will report Q1, 2024 results on Jan 11, 2024 Announcement • Oct 14
Hobonichi Co., Ltd., Annual General Meeting, Nov 26, 2023 Hobonichi Co., Ltd., Annual General Meeting, Nov 26, 2023. Reported Earnings • Oct 13
Full year 2023 earnings released: EPS: JP¥177 (vs JP¥88.37 in FY 2022) Full year 2023 results: EPS: JP¥177 (up from JP¥88.37 in FY 2022). Revenue: JP¥6.82b (up 15% from FY 2022). Net income: JP¥411.0m (up 100% from FY 2022). Profit margin: 6.0% (up from 3.5% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. New Risk • Oct 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 5.1% 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 Earnings have declined by 5.3% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Market cap is less than US$100m (JP¥8.49b market cap, or US$56.7m). Upcoming Dividend • Aug 23
Inaugural dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 August 2023. Payment date: 28 November 2023. This is the first dividend for Hobonichi since going public. The average dividend yield among industry peers is 2.6%. Announcement • Aug 03
Hobonichi Co., Ltd. to Report Fiscal Year 2023 Results on Oct 12, 2023 Hobonichi Co., Ltd. announced that they will report fiscal year 2023 results on Oct 12, 2023 Reported Earnings • Jul 16
Third quarter 2023 earnings released: JP¥74.58 loss per share (vs JP¥62.94 loss in 3Q 2022) Third quarter 2023 results: JP¥74.58 loss per share (further deteriorated from JP¥62.94 loss in 3Q 2022). Revenue: JP¥1.08b (up 11% from 3Q 2022). Net loss: JP¥173.0m (loss widened 19% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 15
Second quarter 2023 earnings released: EPS: JP¥67.68 (vs JP¥34.06 in 2Q 2022) Second quarter 2023 results: EPS: JP¥67.68 (up from JP¥34.06 in 2Q 2022). Revenue: JP¥1.77b (up 20% from 2Q 2022). Net income: JP¥157.0m (up 99% from 2Q 2022). Profit margin: 8.9% (up from 5.3% 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 41% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Jan 13
First quarter 2023 earnings released: EPS: JP¥205 (vs JP¥132 in 1Q 2022) First quarter 2023 results: EPS: JP¥205 (up from JP¥132 in 1Q 2022). Revenue: JP¥2.67b (up 20% from 1Q 2022). Net income: JP¥476.0m (up 55% from 1Q 2022). Profit margin: 18% (up from 14% 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 37% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 04
Full year 2022 earnings released: EPS: JP¥88.37 (vs JP¥84.49 in FY 2021) Full year 2022 results: EPS: JP¥88.37 (up from JP¥84.49 in FY 2021). Revenue: JP¥5.91b (up 4.8% from FY 2021). Net income: JP¥205.0m (up 4.6% from FY 2021). Profit margin: 3.5% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Announcement • Nov 30
Hobonichi Co., Ltd. to Report Q1, 2023 Results on Jan 02, 2023 Hobonichi Co., Ltd. announced that they will report Q1, 2023 results on Jan 02, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Announcement • Oct 15
Hobonichi Co., Ltd., Annual General Meeting, Nov 27, 2022 Hobonichi Co., Ltd., Annual General Meeting, Nov 27, 2022. Reported Earnings • Oct 15
Full year 2022 earnings released: EPS: JP¥88.37 (vs JP¥84.49 in FY 2021) Full year 2022 results: EPS: JP¥88.37 (up from JP¥84.49 in FY 2021). Revenue: JP¥5.91b (up 4.8% from FY 2021). Net income: JP¥205.0m (up 4.6% from FY 2021). Profit margin: 3.5% (in line with FY 2021). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Upcoming Dividend • Aug 23
Inaugural dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 August 2022. Payment date: 22 November 2022. This is the first dividend for Hobonichi since going public. The average dividend yield among industry peers is 2.3%. Announcement • Aug 03
Hobonichi Co., Ltd. to Report Fiscal Year 2022 Results on Oct 13, 2022 Hobonichi Co., Ltd. announced that they will report fiscal year 2022 results on Oct 13, 2022 Reported Earnings • Jul 17
Third quarter 2022 earnings released: JP¥62.94 loss per share (vs JP¥80.61 loss in 3Q 2021) Third quarter 2022 results: JP¥62.94 loss per share (up from JP¥80.61 loss in 3Q 2021). Revenue: JP¥975.0m (up 40% from 3Q 2021). Net loss: JP¥146.0m (loss narrowed 22% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. No independent directors (6 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 15
Second quarter 2022 earnings released: EPS: JP¥34.06 (vs JP¥82.77 in 2Q 2021) Second quarter 2022 results: EPS: JP¥34.06 (down from JP¥82.77 in 2Q 2021). Revenue: JP¥1.48b (flat on 2Q 2021). Net income: JP¥79.0m (down 59% from 2Q 2021). Profit margin: 5.3% (down from 13% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Jan 14
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: JP¥132 (up from JP¥78.03 in 1Q 2021). Revenue: JP¥2.23b (down 3.1% from 1Q 2021). Net income: JP¥307.0m (up 70% from 1Q 2021). Profit margin: 14% (up from 7.9% in 1Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 15
Full year 2021 earnings released: EPS JP¥84.49 (vs JP¥65.11 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥5.64b (up 6.2% from FY 2020). Net income: JP¥196.0m (up 30% from FY 2020). Profit margin: 3.5% (up from 2.8% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Aug 23
Inaugural dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 August 2021. Payment date: 24 November 2021. This is the first dividend for Hobonichi since going public. The average dividend yield among industry peers is 1.9%. Reported Earnings • Jul 18
Third quarter 2021 earnings released: JP¥80.61 loss per share (vs JP¥12.07 profit in 3Q 2020) The company reported a soft third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: JP¥698.0m (up 4.3% from 3Q 2020). Net loss: JP¥187.0m (down JP¥215.0m from profit in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 14
Second quarter 2021 earnings released: EPS JP¥82.77 (vs JP¥26.74 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥1.48b (up 26% from 2Q 2020). Net income: JP¥192.0m (up JP¥254.0m from 2Q 2020). Profit margin: 13% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 18
New 90-day high: JP¥4,115 The company is up 2.0% from its price of JP¥4,045 on 20 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 3.0% over the same period. Reported Earnings • Jan 15
First quarter 2021 earnings released: EPS JP¥78.03 The company reported a soft first quarter result with weaker earnings and profit margins, although revenues were improved. First quarter 2021 results: Revenue: JP¥2.30b (up 14% from 1Q 2020). Net income: JP¥181.0m (down 15% from 1Q 2020). Profit margin: 7.9% (down from 11% in 1Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 28
New 90-day low: JP¥3,960 The company is down 3.0% from its price of JP¥4,065 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 Media industry, which is up 3.0% over the same period. Is New 90 Day High Low • Nov 02
New 90-day low: JP¥3,970 The company is down 1.0% from its price of JP¥4,005 on 04 August 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 11% over the same period. Is New 90 Day High Low • Oct 16
New 90-day low: JP¥3,980 The company is down 1.0% from its price of JP¥4,025 on 17 July 2020. The Japanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Media industry, which is up 14% over the same period. Reported Earnings • Oct 15
Full year earnings released - EPS JP¥65.11 Over the last 12 months the company has reported total profits of JP¥151.0m, down 66% from the prior year. Total revenue was JP¥5.31b over the last 12 months, down 2.8% from the prior year. Profit margins were 2.8%, which is lower than the 8.0% margin from last year. The decrease in margin was primarily driven by lower revenue. 
