New Risk • Jul 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 17% This is considered a minor 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 Risk Earnings are forecast to decline by an average of 54% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (17% increase in shares outstanding). Market cap is less than US$100m (JP¥12.8b market cap, or US$79.1m). New Risk • Jul 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 6.5% 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 Earnings are forecast to decline by an average of 54% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥10.9b market cap, or US$67.2m). Announcement • Jun 28
HEROZ, Inc. to Report Q1, 2027 Results on Sep 11, 2026 HEROZ, Inc. announced that they will report Q1, 2027 results on Sep 11, 2026 Reported Earnings • Jun 15
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: JP¥24.75 (up from JP¥11.75 loss in FY 2025). Revenue: JP¥6.42b (up 8.3% from FY 2025). Net income: JP¥376.0m (up JP¥553.0m from FY 2025). Profit margin: 5.9% (up from net loss in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates. Revenue is forecast to grow 9.1% p.a. on average during the next 2 years, compared to a 4.0% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Announcement • Jun 12
HEROZ, Inc., Annual General Meeting, Jul 24, 2026 HEROZ, Inc., Annual General Meeting, Jul 24, 2026. Announcement • Jun 11
HEROZ, Inc. Revises Consolidated Earnings Guidance for the Year Ended April 30, 2026 HEROZ, Inc. revised consolidated earnings guidance for the year ended April 30, 2026. For the year, company expects net sales of JPY 6,424 million, operating income of JPY 523 million, net income attributable to owners of parent of JPY 376 million and net income per share of JPY 24.75 compared to previous guidance of net sales of JPY 6,400 million, operating income of JPY 500 million, net income attributable to owners of parent of JPY 50 million and net income per share of JPY 3.29. Following the announcement of the capital transactions described above, the Company has been carefully assessing their impact on the full-year consolidated earnings forecast in consultation with its independent auditor. As the outlook for such impact has now become reasonably clear, the Company has decided to revise its full-year consolidated earnings forecast. In connection with these capital transactions, the Company expects to recognize transaction-related expenses of JPY 114,838,000, a gain on sale of subsidiary shares of JPY 311,135,000, and income taxes-deferred (gain) of JPY 99,249,000 resulting from the recognition of deferred tax assets. In addition, due to the decline in the fair value of the Bitcoin (BTC) crypto assets held by the Company at the end of the fiscal year, the Company expects to recognize a loss on valuation of crypto assets of JPY 30,065,000 as a non-operating expense. Together with the foregoing, the Company has carefully reviewed and discussed its full-year results with its independent auditor, and as the outlook for the relevant figures has become reasonably clear, the Company has revised its full-year earnings forecast accordingly. Announcement • Apr 21
GMO GlobalSign Holdings K.K. (TSE:3788) agreed to acquire 94.36% stake in Strategit Co., Ltd. from HEROZ, Inc. (TSE:4382) for approximately ¥420 million. GMO GlobalSign Holdings K.K. (TSE:3788) agreed to acquire 94.36% stake in Strategit Co., Ltd. from HEROZ, Inc. (TSE:4382) for approximately ¥420 million on April 20, 2026. A cash consideration of ¥424.6 million will be paid by GMO GlobalSign Holdings K.K.
HEROZ, Inc. (TSE:4382) will transfer 79,499 shares of StrategIT to GMO GlobalSign HD. The transaction is expected to complete on or around April 30, 2026. Announcement • Apr 15
HEROZ, Inc. (TSE:4382) executed a share exchange agreement to acquire remaining 57.20% stake in Vario Secure Inc. (TSE:4494) from group of shareholders for ¥2.2 billion. HEROZ, Inc. (TSE:4382) executed a share exchange agreement to acquire remaining 57.20% stake in Vario Secure Inc. (TSE:4494) from group of shareholders for ¥2.2 billion on April 14, 2026. Upon completion, HEROZ, Inc. will own 100% stake in Vario Secure Inc. 0.99 HEROZ Common Shares will be allotted and delivered for each one (1) Variosecure Common Share. However, no allotment of shares through the Share Exchange will be made with respect to the Variosecure Common Shares held by HEROZ. Variosecure Common Shares are expected to be delisted from the Standard Market of the Tokyo Stock Exchange on June 26, 2026, in accordance with the delisting criteria of the Standard Market of the Tokyo Stock Exchange. Establishment of a Special Committee Comprising Members with No Conflicts of Interest and Obtaining of a Written Report at Variosecure.
The transaction is subject to approval of merger agreement by target board and approval of offer by acquirer board. The deal has been approved by the board. The expected completion of the transaction is June 30, 2026.
Maxus Corporate Advisory acted as fairness opinion provider to Variosecure, Mori Hamada & Matsumoto acted as legal advisor to HEROZ, Anderson Mori & Tomotsune acted as legal advisor to Variosecure, Reported Earnings • Mar 14
Third quarter 2026 earnings released: JP¥2.30 loss per share (vs JP¥4.11 loss in 3Q 2025) Third quarter 2026 results: JP¥2.30 loss per share (improved from JP¥4.11 loss in 3Q 2025). Revenue: JP¥1.59b (up 4.5% from 3Q 2025). Net loss: JP¥35.0m (loss narrowed 44% from 3Q 2025). Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Entertainment industry in Japan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Dec 16
Second quarter 2026 earnings released: JP¥0.20 loss per share (vs JP¥4.85 loss in 2Q 2025) Second quarter 2026 results: JP¥0.20 loss per share (improved from JP¥4.85 loss in 2Q 2025). Revenue: JP¥1.58b (up 11% from 2Q 2025). Net loss: JP¥3.00m (loss narrowed 96% from 2Q 2025). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Entertainment industry in Japan. New Risk • Oct 30
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.8b (US$95.8m) 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 (5.5% average weekly change). Market cap is less than US$100m (JP¥14.8b market cap, or US$95.8m). Reported Earnings • Sep 12
First quarter 2026 earnings released: JP¥0.72 loss per share (vs JP¥2.99 loss in 1Q 2025) First quarter 2026 results: JP¥0.72 loss per share (improved from JP¥2.99 loss in 1Q 2025). Revenue: JP¥1.51b (up 7.9% from 1Q 2025). Net loss: JP¥11.0m (loss narrowed 76% from 1Q 2025). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Entertainment industry in Japan. Announcement • Jul 30
HEROZ, Inc. to Report Q1, 2026 Results on Sep 11, 2025 HEROZ, Inc. announced that they will report Q1, 2026 results on Sep 11, 2025 Reported Earnings • Jun 15
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: JP¥11.75 loss per share (improved from JP¥75.41 loss in FY 2024). Revenue: JP¥5.93b (up 23% from FY 2024). Net loss: JP¥177.0m (loss narrowed 84% from FY 2024). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 18%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Entertainment industry in Japan. Announcement • Jun 13
HEROZ, Inc., Annual General Meeting, Jul 25, 2025 HEROZ, Inc., Annual General Meeting, Jul 25, 2025. Announcement • May 30
Heroz, Inc. Revises Consolidated Earnings Forecast for the Fiscal Year Ending April 30, 2025 HEROZ, Inc. revised consolidated earnings forecast for the fiscal year ending April 30, 2025. For the year, company revised net sales from JPY 6,000 million to JPY 5,929 million. The company expected operating profit of JPY 306 million from JPY 500 million earlier forecasted, loss attributable to owners of parent of JPY 177 million against net income of JPY 30 million earlier forecasted and loss per share of JPY 11.75 against net income per share of JPY 1.99 earlier forecasted. Announcement • Apr 16
HEROZ, Inc. to Report Fiscal Year 2025 Results on Jun 13, 2025 HEROZ, Inc. announced that they will report fiscal year 2025 results on Jun 13, 2025 Reported Earnings • Mar 14
Third quarter 2025 earnings released: JP¥4.11 loss per share (vs JP¥59.24 loss in 3Q 2024) Third quarter 2025 results: JP¥4.11 loss per share (improved from JP¥59.24 loss in 3Q 2024). Revenue: JP¥1.52b (up 17% from 3Q 2024). Net loss: JP¥62.0m (loss narrowed 93% from 3Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Entertainment industry in Japan. Announcement • Jan 17
HEROZ, Inc. to Report Q3, 2025 Results on Mar 13, 2025 HEROZ, Inc. announced that they will report Q3, 2025 results on Mar 13, 2025 New Risk • Jan 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 7.3% 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 Risk Share price has been highly volatile over the past 3 months (7.3% average weekly change). Minor Risk Market cap is less than US$100m (JP¥15.2b market cap, or US$96.6m). Reported Earnings • Dec 15
Second quarter 2025 earnings released: JP¥4.85 loss per share (vs JP¥1.13 profit in 2Q 2024) Second quarter 2025 results: JP¥4.85 loss per share (down from JP¥1.13 profit in 2Q 2024). Revenue: JP¥1.42b (up 17% from 2Q 2024). Net loss: JP¥73.0m (down JP¥90.0m from profit in 2Q 2024). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Entertainment industry in Japan. New Risk • Nov 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.5b (US$99.2m) 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 (7.6% average weekly change). Minor Risk Market cap is less than US$100m (JP¥15.5b market cap, or US$99.2m). Announcement • Oct 09
HEROZ, Inc. to Report Q2, 2025 Results on Dec 13, 2024 HEROZ, Inc. announced that they will report Q2, 2025 results on Dec 13, 2024 New Risk • Sep 15
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: JP¥1.1b Forecast net loss in 2 years: JP¥163m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (JP¥163m net loss in 2 years). Share price has been volatile over the past 3 months (8.8% average weekly change). New Risk • Aug 05
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.5b (US$94.6m) 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: Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Market cap is less than US$100m (JP¥13.5b market cap, or US$94.6m). Reported Earnings • Aug 04
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: JP¥75.41 loss per share (further deteriorated from JP¥38.20 loss in FY 2023). Revenue: JP¥4.84b (up 62% from FY 2023). Net loss: JP¥1.13b (loss widened 98% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 198%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Entertainment industry in Japan. Announcement • Jul 14
HEROZ, Inc. to Report Q1, 2025 Results on Sep 13, 2024 HEROZ, Inc. announced that they will report Q1, 2025 results on Sep 13, 2024 Reported Earnings • Jun 16
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: JP¥75.41 loss per share (further deteriorated from JP¥38.20 loss in FY 2023). Revenue: JP¥4.84b (up 62% from FY 2023). Net loss: JP¥1.13b (loss widened 98% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Entertainment industry in Japan. Announcement • Jun 15
HEROZ, Inc., Annual General Meeting, Jul 26, 2024 HEROZ, Inc., Annual General Meeting, Jul 26, 2024. Announcement • Apr 13
HEROZ, Inc. to Report Fiscal Year 2024 Results on Jun 14, 2024 HEROZ, Inc. announced that they will report fiscal year 2024 results on Jun 14, 2024 Announcement • Mar 12
HEROZ, Inc. Provides Consolidated Earnings Forecast for the Fiscal Year Ending April 30, 2024 HEROZ, Inc. provided consolidated earnings forecast for the fiscal year ending April 30, 2024. For the year, the company expects net sales of JPY 4,850 million, operating profit of JPY 450 million, loss attributable to owners of parent of JPY 930 million and loss per share of JPY 61.85. Reported Earnings • Mar 09
Third quarter 2024 earnings released: JP¥59.24 loss per share (vs JP¥3.73 loss in 3Q 2023) Third quarter 2024 results: JP¥59.24 loss per share (further deteriorated from JP¥3.73 loss in 3Q 2023). Revenue: JP¥1.30b (up 18% from 3Q 2023). Net loss: JP¥891.0m (loss widened JP¥835.0m from 3Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Entertainment industry in Japan. Announcement • Jan 17
HEROZ, Inc. to Report Q3, 2024 Results on Mar 08, 2024 HEROZ, Inc. announced that they will report Q3, 2024 results on Mar 08, 2024 Reported Earnings • Dec 12
Second quarter 2024 earnings released: EPS: JP¥1.13 (vs JP¥3.73 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥1.13 (up from JP¥3.73 loss in 2Q 2023). Revenue: JP¥1.22b (up 11% from 2Q 2023). Net income: JP¥17.0m (up JP¥73.0m from 2Q 2023). Profit margin: 1.4% (up from net loss in 2Q 2023). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Entertainment industry in Japan. New Risk • Dec 11
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 9.1% 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. This is currently the only risk that has been identified for the company. Announcement • Nov 29
HEROZ, Inc. (TSE:4382) agreed to acquire 50.1% stake in A.I. Squared, Inc. from BroadBand Tower,Media Do Corporation, Masaki Ishida and Akihito Ogino. HEROZ, Inc. (TSE:4382) agreed to acquire 50.1% stake in A.I. Squared, Inc. from BroadBand Tower,Media Do Corporation, Masaki Ishida and Akihito Ogino on November 24, 2023. A.I. Squared, Inc. Reported Total assets worth ¥128 million, Total Common equity of ¥93 million, Net sales of ¥340 million, Operating loss of ¥68 million and Net Loss of ¥71 million on June 2023. Transaction is expected to complete on November 30, 2023. Announcement • Oct 01
HEROZ, Inc. to Report Q2, 2024 Results on Dec 08, 2023 HEROZ, Inc. announced that they will report Q2, 2024 results on Dec 08, 2023 Reported Earnings • Sep 11
First quarter 2024 earnings released: JP¥3.13 loss per share (vs JP¥3.73 loss in 1Q 2023) First quarter 2024 results: JP¥3.13 loss per share (improved from JP¥3.73 loss in 1Q 2023). Revenue: JP¥1.12b (up 1.5% from 1Q 2023). Net loss: JP¥47.0m (loss narrowed 16% from 1Q 2023). Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Entertainment industry in Japan. Announcement • Jul 14
HEROZ, Inc. to Report Q1, 2024 Results on Sep 08, 2023 HEROZ, Inc. announced that they will report Q1, 2024 results on Sep 08, 2023 Announcement • Jun 13
HEROZ, Inc. Provides Consolidated Earnings Forecast for the Fiscal Year Ending April 30, 2024 HEROZ, Inc. provided consolidated earnings forecast for the fiscal year ending April 30, 2024. For the year, the company expects net sales of JPY 4,800 million, operating profit of JPY 400 million, Profit attributable to owners of parent of JPY 30 million and Earnings per share of JPY 2.00. Announcement • Jun 11
HEROZ, Inc., Annual General Meeting, Jul 27, 2023 HEROZ, Inc., Annual General Meeting, Jul 27, 2023. Reported Earnings • Mar 11
Third quarter 2023 earnings released: JP¥0.33 loss per share (vs JP¥0.53 profit in 3Q 2022) Third quarter 2023 results: JP¥0.33 loss per share (down from JP¥0.53 profit in 3Q 2022). Revenue: JP¥1.11b (up 200% from 3Q 2022). Net loss: JP¥5.00m (down 163% from profit in 3Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance. Announcement • Jan 15
HEROZ, Inc. to Report Q3, 2023 Results on Mar 10, 2023 HEROZ, Inc. announced that they will report Q3, 2023 results on Mar 10, 2023 Announcement • Dec 13
Heroz, Inc. Revises Consolidated Earnings Forecast for the Fiscal Year Ending April 30, 2023 HEROZ, Inc. revised consolidated earnings forecast for the fiscal year ending April 30, 2023. For the year, company revised net sales from JPY 3,100 million to JPY 2,900 million. The company expected operating profit of JPY 250 million, loss attributable to owners of parent of JPY 590 million and loss per share of JPY 39.26. Announcement • Dec 12
HEROZ, Inc. Provides Consolidated Sales Guidance for the Fiscal Year Ending April 30, 2023 HEROZ, Inc. provided consolidated sales guidance for the fiscal year ending April 30, 2023. For the period, the company expects net sales of JPY 2,900 million, Operating profit of JPY 250 million, loss attributable to owners of parent of JPY 590 million and per share of JPY 39.26. Reported Earnings • Dec 11
Second quarter 2023 earnings released: JP¥34.61 loss per share (vs JP¥0.86 loss in 2Q 2022) Second quarter 2023 results: JP¥34.61 loss per share (further deteriorated from JP¥0.86 loss in 2Q 2022). Revenue: JP¥390.0m (up 4.0% from 2Q 2022). Net loss: JP¥520.0m (loss widened JP¥507.0m from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. 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. 3 experienced directors. 3 highly experienced directors. No independent directors (6 non-independent directors). Director Koichi Kunimoto was the last 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: Lack of independent directors. Insufficient board refreshment. Announcement • Oct 27
HEROZ, Inc. to Report Q2, 2023 Results on Dec 09, 2022 HEROZ, Inc. announced that they will report Q2, 2023 results on Dec 09, 2022 Announcement • Sep 13
HEROZ, Inc. Provides Consolidated Sales Guidance for the Fiscal Year Ending April 30, 2023 HEROZ, Inc. provided consolidated sales guidance for the fiscal year ending April 30, 2023. For the period, the company expects net sales of JPY 3,100 million. Reported Earnings • Sep 11
First quarter 2023 earnings released: EPS: JP¥0.47 (vs JP¥0.20 in 1Q 2022) First quarter 2023 results: EPS: JP¥0.47 (up from JP¥0.20 in 1Q 2022). Revenue: JP¥375.0m (up 5.9% from 1Q 2022). Net income: JP¥7.00m (up 133% from 1Q 2022). Profit margin: 1.9% (up from 0.8% in 1Q 2022). The increase in margin 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 25 percentage points per year, which is a significant difference in performance. Announcement • Aug 31
HEROZ, Inc. (TSE:4382) agreed to acquire 86.5% stake in Strategit Co., Ltd. from First Advisors Investment Partnership No. 3, Kei Tachihara and James Joshua Enrique. HEROZ, Inc. (TSE:4382) agreed to acquire 86.5% stake in Strategit Co., Ltd. from First Advisors Investment Partnership No. 3, Kei Tachihara and James Joshua Enrique on August 29, 2022. HEROZ will acquire 30,527 shares of Strategit Co., Ltd. First Advisors Investment Partnership No. 3 will sell 10% stake, Kei Tachihara will sell 59.5% stake and James Joshua Enrique will sell 17% stake in Strategit. Strategit has reported Net assets of ¥83 million, total assets of ¥164 million, revenue of ¥397 million, EBIT of ¥32 million and Net income of ¥26 million during Fiscal year ending June 2022. The Board resolution date is August 29, 2022. The transaction is expected to complete on August 31, 2022. Reported Earnings • Aug 03
Full year 2022 earnings released: EPS: JP¥3.26 (vs JP¥13.84 in FY 2021) Full year 2022 results: EPS: JP¥3.26 (down from JP¥13.84 in FY 2021). Revenue: JP¥1.48b (down 4.8% from FY 2021). Net income: JP¥49.0m (down 76% from FY 2021). Profit margin: 3.3% (down from 13% in FY 2021). The decrease in margin was primarily 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 21 percentage points per year, which is a significant difference in performance. Announcement • Jul 08
HEROZ, Inc. to Report Q1, 2023 Results on Sep 09, 2022 HEROZ, Inc. announced that they will report Q1, 2023 results on Sep 09, 2022 Announcement • Jun 14
Heroz, Inc. Provides Non-Consolidated Financial Results Guidance for the Year Ending April 30, 2023 HEROZ, Inc. provided non-consolidated financial results guidance for the year ending April 30, 2023. For the year, the company expects net sales of ¥1,700 million, operating profit of ¥50 million, profit of ¥60million or earnings per share of ¥3.99. Reported Earnings • Jun 13
Full year 2022 earnings released: EPS: JP¥3.26 (vs JP¥13.84 in FY 2021) Full year 2022 results: EPS: JP¥3.26 (down from JP¥13.84 in FY 2021). Revenue: JP¥1.48b (down 4.8% from FY 2021). Net income: JP¥49.0m (down 76% from FY 2021). Profit margin: 3.3% (down from 13% in FY 2021). The decrease in margin was primarily 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 18 percentage points per year, which is a significant difference in performance. Announcement • Jun 12
HEROZ, Inc., Annual General Meeting, Jul 28, 2022 HEROZ, Inc., Annual General Meeting, Jul 28, 2022. Board Change • Apr 27
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Koichi Kunimoto was the last 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: Lack of independent directors. Insufficient board refreshment. Announcement • Apr 17
HEROZ, Inc. to Report Fiscal Year 2022 Results on Jun 10, 2022 HEROZ, Inc. announced that they will report fiscal year 2022 results on Jun 10, 2022 Reported Earnings • Mar 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥0.53 (down from JP¥2.68 in 3Q 2021). Revenue: JP¥372.0m (flat on 3Q 2021). Net income: JP¥8.00m (down 80% from 3Q 2021). Profit margin: 2.2% (down from 11% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 25 percentage points per year, which is a significant difference in performance. Announcement • Dec 15
HEROZ, Inc. Provides Non-Consolidated Financial Guidance for the Year Ending April 30, 2022 HEROZ, Inc. provided non-consolidated financial guidance for the year ending April 30, 2022. For the period, the company expects net sales of ¥1,700 million, an Operating profit of ¥100 million, and a profit of ¥63 million or ¥4.19 per share. Reported Earnings • Dec 13
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: JP¥0.86 loss per share (down from JP¥3.62 profit in 2Q 2021). Revenue: JP¥375.0m (down 2.8% from 2Q 2021). Net loss: JP¥13.0m (down 124% from profit in 2Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 39 percentage points per year, which is a significant difference in performance. Announcement • Sep 14
HEROZ, Inc. Provides Non-Consolidated Earnings Guidance for the Full Year Ending April 30, 2022 HEROZ, Inc. provided non-Consolidated earnings guidance for the full year ending April 30, 2022. For the year, the company expects net sales of JPY 1,700 million, operating profit of JPY 100 million and profit attributable to owner of parent of JPY 63 million or JPY 4.19 per share. Announcement • Sep 11
HEROZ, Inc. (TSE:4382) entered into a share transfer agreement to acquire 32.31% stake in Vario Secure Inc. (TSE:4494) from iSigma Business Advancement Fund 2, managed by iSigma Partners Corporation for ¥1.9 billion. HEROZ, Inc. (TSE:4382) entered into a share transfer agreement to acquire 32.31% stake in Vario Secure Inc. (TSE:4494) from iSigma Business Advancement Fund 2, managed by iSigma Partners Corporation for ¥1.9 billion on September 10, 2021. Pursuant to the terms of the agreement, HEROZ, Inc., shall acquire around 1.22 million shares in Vario Secure Inc., at ¥1,600 per share. The transaction has been resolved upon by the Board of Directors of Vario Secure Inc. The transaction is expected to complete on September 13, 2021. Reported Earnings • Aug 03
Full year 2021 earnings released: EPS JP¥13.84 (vs JP¥17.81 in FY 2020) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥1.56b (flat on FY 2020). Net income: JP¥207.0m (down 19% from FY 2020). Profit margin: 13% (down from 17% in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Announcement • Jun 15
HEROZ, Inc. Announces Non-Consolidated Earnings Guidance for the Year Ending April 30, 2022 HEROZ, Inc. announced Non-Consolidated earnings guidance for the year ending April 30, 2022. For the year, the company expects, net sales of ¥1,700 million, operating profit of ¥100 million and profit attributable to owner of parent of ¥63 million or ¥4.19 per share. Reported Earnings • Jun 14
Full year 2021 earnings released: EPS JP¥13.84 (vs JP¥17.81 in FY 2020) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: JP¥1.56b (flat on FY 2020). Net income: JP¥207.0m (down 19% from FY 2020). Profit margin: 13% (down from 17% in FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance. Reported Earnings • Mar 14
Third quarter 2021 earnings released: EPS JP¥2.68 (vs JP¥2.77 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥374.0m (up 2.7% from 3Q 2020). Net income: JP¥40.0m (up 100% from 3Q 2020). Profit margin: 11% (up from 5.5% in 3Q 2020). The increase in margin was primarily driven by lower expenses. Is New 90 Day High Low • Feb 10
New 90-day high: JP¥3,160 The company is up 5.0% from its price of JP¥3,015 on 12 November 2020. The Japanese market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 23% over the same period. Announcement • Jan 14
HEROZ, Inc. to Report Q3, 2021 Results on Mar 12, 2021 HEROZ, Inc. announced that they will report Q3, 2021 results on Mar 12, 2021 Is New 90 Day High Low • Dec 15
New 90-day low: JP¥2,822 The company is down 29% from its price of JP¥3,965 on 16 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 8.0% over the same period. Reported Earnings • Dec 14
Second quarter 2021 earnings released: EPS JP¥3.62 The company reported a soft second quarter result with weaker earnings and profit margins, although revenues were improved. Second quarter 2021 results: Revenue: JP¥386.0m (up 1.3% from 2Q 2020). Net income: JP¥54.0m (down 39% from 2Q 2020). Profit margin: 14% (down from 23% in 2Q 2020). The decrease in margin was driven by higher expenses. Announcement • Oct 14
HEROZ, Inc. to Report Q2, 2021 Results on Dec 11, 2020 HEROZ, Inc. announced that they will report Q2, 2021 results on Dec 11, 2020 Announcement • Jul 17
HEROZ, Inc. to Report Q1, 2021 Results on Sep 11, 2020 HEROZ, Inc. announced that they will report Q1, 2021 results on Sep 11, 2020