New Risk • May 21
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 High level of non-cash earnings (24% accrual ratio). 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¥11.2b market cap, or US$70.7m). New Risk • Mar 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 24% 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 Risk High level of non-cash earnings (24% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥10.4b market cap, or US$65.2m). Reported Earnings • Mar 14
Full year 2026 earnings released: EPS: JP¥13.08 (vs JP¥99.22 loss in FY 2025) Full year 2026 results: EPS: JP¥13.08 (up from JP¥99.22 loss in FY 2025). Revenue: JP¥7.02b (up 8.0% from FY 2025). Net income: JP¥72.0m (up JP¥618.0m from FY 2025). Profit margin: 1.0% (up from net loss in FY 2025). Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Announcement • Mar 13
coly Inc., Annual General Meeting, Apr 24, 2026 coly Inc., Annual General Meeting, Apr 24, 2026. Announcement • Jan 06
coly Inc. to Report Fiscal Year 2026 Results on Mar 13, 2026 coly Inc. announced that they will report fiscal year 2026 results on Mar 13, 2026 Reported Earnings • Dec 13
Third quarter 2026 earnings released Third quarter 2026 results: Net income: (down JP¥61.2m from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. New Risk • Dec 13
New major risk - Revenue and earnings growth Earnings have declined by 55% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 55% per year over the past 5 years. 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¥9.79b market cap, or US$62.8m). Announcement • Oct 29
coly Inc. to Report Q3, 2026 Results on Dec 12, 2025 coly Inc. announced that they will report Q3, 2026 results on Dec 12, 2025 Reported Earnings • Sep 14
Second quarter 2026 earnings released: EPS: JP¥24.38 (vs JP¥29.62 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥24.38 (up from JP¥29.62 loss in 2Q 2025). Revenue: JP¥2.12b (up 16% from 2Q 2025). Net income: JP¥134.1m (up JP¥297.1m from 2Q 2025). Profit margin: 6.3% (up from net loss in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Jul 29
coly Inc. to Report Q2, 2026 Results on Sep 12, 2025 coly Inc. announced that they will report Q2, 2026 results on Sep 12, 2025 Reported Earnings • Jun 15
First quarter 2026 earnings released: JP¥22.74 loss per share (vs JP¥95.22 loss in 1Q 2025) First quarter 2026 results: JP¥22.74 loss per share (improved from JP¥95.22 loss in 1Q 2025). Revenue: JP¥1.25b (up 39% from 1Q 2025). Net loss: JP¥125.1m (loss narrowed 76% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 53% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • May 08
coly Inc. to Report Q1, 2026 Results on Jun 13, 2025 coly Inc. announced that they will report Q1, 2026 results on Jun 13, 2025 Reported Earnings • May 02
Full year 2025 earnings released: JP¥99.22 loss per share (vs JP¥151 loss in FY 2024) Full year 2025 results: JP¥99.22 loss per share (improved from JP¥151 loss in FY 2024). Revenue: JP¥6.50b (up 28% from FY 2024). Net loss: JP¥546.0m (loss narrowed 34% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 15
Full year 2025 earnings released: JP¥99.22 loss per share (vs JP¥151 loss in FY 2024) Full year 2025 results: JP¥99.22 loss per share (improved from JP¥151 loss in FY 2024). Revenue: JP¥6.50b (up 28% from FY 2024). Net loss: JP¥546.0m (loss narrowed 34% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Announcement • Mar 14
coly Inc., Annual General Meeting, Apr 25, 2025 coly Inc., Annual General Meeting, Apr 25, 2025. Announcement • Jan 28
coly Inc. to Report Fiscal Year 2025 Results on Mar 14, 2025 coly Inc. announced that they will report fiscal year 2025 results on Mar 14, 2025 Reported Earnings • Dec 15
Third quarter 2025 earnings released: EPS: JP¥11.09 (vs JP¥38.89 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥11.09 (up from JP¥38.89 loss in 3Q 2024). Revenue: JP¥1.57b (up 26% from 3Q 2024). Net income: JP¥61.0m (up JP¥275.0m from 3Q 2024). Profit margin: 3.9% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • Oct 01
coly Inc. to Report Q3, 2025 Results on Dec 13, 2024 coly Inc. announced that they will report Q3, 2025 results on Dec 13, 2024 New Risk • Sep 17
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 Risks No financial data reported. 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¥7.26b market cap, or US$51.6m). Announcement • Jun 30
coly Inc. to Report Q2, 2025 Results on Sep 13, 2024 coly Inc. announced that they will report Q2, 2025 results on Sep 13, 2024 Reported Earnings • Jun 17
First quarter 2025 earnings released: JP¥95.22 loss per share (vs JP¥72.69 loss in 1Q 2024) First quarter 2025 results: JP¥95.22 loss per share (further deteriorated from JP¥72.69 loss in 1Q 2024). Revenue: JP¥901.0m (up 4.4% from 1Q 2024). Net loss: JP¥524.0m (loss widened 31% from 1Q 2024). New Risk • May 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 9.3% 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 (9.3% average weekly change). Earnings have declined by 47% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥7.43b market cap, or US$47.7m). Announcement • Apr 29
coly Inc. to Report Q1, 2025 Results on Jun 13, 2024 coly Inc. announced that they will report Q1, 2025 results on Jun 13, 2024 Reported Earnings • Mar 17
Full year 2024 earnings released: JP¥151 loss per share (vs JP¥58.15 loss in FY 2023) Full year 2024 results: JP¥151 loss per share (further deteriorated from JP¥58.15 loss in FY 2023). Revenue: JP¥5.06b (down 8.5% from FY 2023). Net loss: JP¥830.0m (loss widened 159% from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Announcement • Mar 16
coly Inc., Annual General Meeting, Apr 25, 2024 coly Inc., Annual General Meeting, Apr 25, 2024. Announcement • Jan 11
coly Inc. to Report Fiscal Year 2024 Results on Mar 15, 2024 coly Inc. announced that they will report fiscal year 2024 results at 3:00 PM, Tokyo Standard Time on Mar 15, 2024 Reported Earnings • Dec 15
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: JP¥1.25b (flat on 3Q 2023). Net loss: JP¥214.7m (loss widened 124% from 3Q 2023). Announcement • Oct 28
coly Inc. to Report Q3, 2024 Results on Dec 14, 2023 coly Inc. announced that they will report Q3, 2024 results on Dec 14, 2023 Reported Earnings • Sep 14
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: JP¥1.17b (down 11% from 2Q 2023). Net loss: JP¥285.9m (loss widened 385% from 2Q 2023). Announcement • Jun 22
coly Inc. to Report Q2, 2024 Results on Sep 13, 2023 coly Inc. announced that they will report Q2, 2024 results on Sep 13, 2023 New Risk • Jun 15
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 5.4% 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 23% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Market cap is less than US$100m (JP¥5.52b market cap, or US$39.4m). Reported Earnings • Jun 14
First quarter 2024 earnings released First quarter 2024 results: Revenue: JP¥863.5m (down 24% from 1Q 2023). Net loss: JP¥400.7m (loss widened JP¥351.7m from 1Q 2023). Reported Earnings • May 03
Full year 2023 earnings released: JP¥58.15 loss per share (vs JP¥178 profit in FY 2022) Full year 2023 results: JP¥58.15 loss per share (down from JP¥178 profit in FY 2022). Revenue: JP¥5.54b (down 15% from FY 2022). Net loss: JP¥320.0m (down 133% from profit in FY 2022). Reported Earnings • Mar 17
Full year 2023 earnings released: JP¥58.15 loss per share (vs JP¥178 profit in FY 2022) Full year 2023 results: JP¥58.15 loss per share (down from JP¥178 profit in FY 2022). Revenue: JP¥5.54b (down 15% from FY 2022). Net loss: JP¥320.0m (down 133% from profit in FY 2022). Buying Opportunity • Jan 04
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be JP¥1,355, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 15%. Announcement • Dec 30
coly Inc. to Report Fiscal Year 2023 Results on Mar 16, 2023 coly Inc. announced that they will report fiscal year 2023 results on Mar 16, 2023 Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥1,056, the stock trades at a trailing P/E ratio of 62.5x. Average trailing P/E is 17x in the Entertainment industry in Japan. Total loss to shareholders of 55% over the past year. Buying Opportunity • Dec 20
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be JP¥1,397, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 15%. Reported Earnings • Dec 16
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: JP¥1.25b (down 23% from 3Q 2022). Net loss: JP¥96.1m (down 140% from profit in 3Q 2022). Announcement • Dec 08
coly Inc. to Report Q3, 2023 Results on Dec 15, 2022 coly Inc. announced that they will report Q3, 2023 results on Dec 15, 2022 Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Outside Director Hirotoshi Akiyama was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Buying Opportunity • Oct 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be JP¥1,633, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.7% over the last year. Earnings per share has declined by 71%. Valuation Update With 7 Day Price Move • Oct 07
Investor sentiment improved over the past week After last week's 27% share price gain to JP¥1,554, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 21x in the Entertainment industry in Japan. Total loss to shareholders of 59% over the past year. Reported Earnings • Sep 16
Second quarter 2023 earnings released Second quarter 2023 results: Net income: (down JP¥242.0m from profit in 2Q 2022). Valuation Update With 7 Day Price Move • Sep 02
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥1,436, the stock trades at a trailing P/E ratio of 10.8x. Average trailing P/E is 19x in the Entertainment industry in Japan. Total loss to shareholders of 57% over the past year. Announcement • Jul 28
coly Inc. to Report Q2, 2023 Results on Sep 14, 2022 coly Inc. announced that they will report Q2, 2023 results on Sep 14, 2022 Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 21% share price decline to JP¥1,776, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 19x in the Entertainment industry in Japan. Total loss to shareholders of 60% over the past year. Buying Opportunity • Jun 15
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be JP¥2,319, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Earnings per share has grown by 40%. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improved over the past week After last week's 19% share price gain to JP¥2,331, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 18x in the Entertainment industry in Japan. Total loss to shareholders of 49% over the past year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Outside Director Hirotoshi Akiyama was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jan 28
coly Inc. to Report Fiscal Year 2022 Results on Mar 17, 2022 coly Inc. announced that they will report fiscal year 2022 results on Mar 17, 2022 Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment deteriorated over the past week After last week's 20% share price decline to JP¥2,398, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 17x in the Entertainment industry in Japan. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment deteriorated over the past week After last week's 18% share price decline to JP¥2,994, the stock trades at a trailing P/E ratio of 11.7x. Average trailing P/E is 18x in the Entertainment industry in Japan. Announcement • Sep 15
coly Inc. Provides Earnings Guidance for the Fiscal Year Ending January 31, 2022 coly Inc. provided earnings guidance for the fiscal year ending January 31, 2022. For the period, the company expects net sales of JPY 7,689 million, operating profit of JPY 2,203 million, profit of JPY 1,373 million and basic earnings per share of JPY 253.52. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥3,895, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 19x in the Entertainment industry in Japan. Valuation Update With 7 Day Price Move • Aug 17
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥3,195, the stock trades at a trailing P/E ratio of 10.2x. Average trailing P/E is 21x in the Entertainment industry in Japan. Announcement • Mar 05
coly Inc. to Report Fiscal Year 2021 Results on Mar 16, 2021 coly Inc. announced that they will report fiscal year 2021 results on Mar 16, 2021