Announcement • Jun 27
KeyHolder, Inc. to Report Q2, 2026 Results on Aug 07, 2026 KeyHolder, Inc. announced that they will report Q2, 2026 results on Aug 07, 2026 Reported Earnings • May 18
First quarter 2026 earnings released: EPS: JP¥16.85 (vs JP¥15.73 in 1Q 2025) First quarter 2026 results: EPS: JP¥16.85 (up from JP¥15.73 in 1Q 2025). Revenue: JP¥8.33b (up 4.2% from 1Q 2025). Net income: JP¥317.0m (up 7.1% from 1Q 2025). Profit margin: 3.8% (up from 3.7% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 9% per year. Reported Earnings • Mar 29
Full year 2025 earnings released: EPS: JP¥45.54 (vs JP¥133 in FY 2024) Full year 2025 results: EPS: JP¥45.54 (down from JP¥133 in FY 2024). Revenue: JP¥35.6b (up 15% from FY 2024). Net income: JP¥857.0m (down 66% from FY 2024). Profit margin: 2.4% (down from 8.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has fallen by 8% per year, which means it is performing significantly worse than earnings. Reported Earnings • Feb 15
Full year 2025 earnings released: EPS: JP¥45.54 (vs JP¥133 in FY 2024) Full year 2025 results: EPS: JP¥45.54 (down from JP¥133 in FY 2024). Revenue: JP¥35.6b (up 15% from FY 2024). Net income: JP¥857.0m (down 66% from FY 2024). Profit margin: 2.4% (down from 8.0% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 5% per year. Announcement • Feb 13
KeyHolder, Inc., Annual General Meeting, Mar 25, 2026 KeyHolder, Inc., Annual General Meeting, Mar 25, 2026. Announcement • Dec 27
KeyHolder, Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026 KeyHolder, Inc. announced that they will report fiscal year 2025 results on Feb 13, 2026 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 26 March 2026. Payout ratio is a comfortable 8.6% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.5%). Reported Earnings • Nov 17
Third quarter 2025 earnings released: EPS: JP¥15.46 (vs JP¥21.20 in 3Q 2024) Third quarter 2025 results: EPS: JP¥15.46 (down from JP¥21.20 in 3Q 2024). Revenue: JP¥9.38b (up 21% from 3Q 2024). Net income: JP¥291.0m (down 27% from 3Q 2024). Profit margin: 3.1% (down from 5.1% in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Sep 27
KeyHolder, Inc. to Report Q3, 2025 Results on Nov 13, 2025 KeyHolder, Inc. announced that they will report Q3, 2025 results on Nov 13, 2025 Reported Earnings • Aug 10
Second quarter 2025 earnings released: JP¥0.48 loss per share (vs JP¥8.50 profit in 2Q 2024) Second quarter 2025 results: JP¥0.48 loss per share (down from JP¥8.50 profit in 2Q 2024). Revenue: JP¥8.84b (up 21% from 2Q 2024). Net loss: JP¥9.00m (down 106% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jun 27
KeyHolder, Inc. to Report Q2, 2025 Results on Aug 08, 2025 KeyHolder, Inc. announced that they will report Q2, 2025 results on Aug 08, 2025 Reported Earnings • May 19
First quarter 2025 earnings released: EPS: JP¥15.73 (vs JP¥18.03 in 1Q 2024) First quarter 2025 results: EPS: JP¥15.73 (down from JP¥18.03 in 1Q 2024). Revenue: JP¥7.99b (up 17% from 1Q 2024). Net income: JP¥296.0m (down 12% from 1Q 2024). Profit margin: 3.7% (down from 4.9% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. New Risk • Apr 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 179% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (JP¥13.9b market cap, or US$92.7m). Announcement • Mar 27
KeyHolder, Inc. to Report Q1, 2025 Results on May 14, 2025 KeyHolder, Inc. announced that they will report Q1, 2025 results on May 14, 2025 Reported Earnings • Feb 15
Full year 2024 earnings released: EPS: JP¥133 (vs JP¥113 in FY 2023) Full year 2024 results: EPS: JP¥133 (up from JP¥113 in FY 2023). Revenue: JP¥31.1b (up 13% from FY 2023). Net income: JP¥2.50b (up 18% from FY 2023). Profit margin: 8.0% (up from 7.7% in FY 2023). The increase in margin was driven by higher revenue. 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 10% per year, which means it is significantly lagging earnings growth. Announcement • Feb 13
KeyHolder, Inc., Annual General Meeting, Mar 25, 2025 KeyHolder, Inc., Annual General Meeting, Mar 25, 2025. Announcement • Jan 03
KeyHolder, Inc. to Report Fiscal Year 2024 Results on Feb 13, 2025 KeyHolder, Inc. announced that they will report fiscal year 2024 results on Feb 13, 2025 Upcoming Dividend • Dec 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 27 March 2025. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (0.8%). Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: JP¥21.20 (vs JP¥19.92 in 3Q 2023) Third quarter 2024 results: EPS: JP¥21.20 (up from JP¥19.92 in 3Q 2023). Revenue: JP¥7.78b (up 6.9% from 3Q 2023). Net income: JP¥399.0m (up 7.3% from 3Q 2023). Profit margin: 5.1% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Sep 27
KeyHolder, Inc. to Report Q3, 2024 Results on Nov 11, 2024 KeyHolder, Inc. announced that they will report Q3, 2024 results on Nov 11, 2024 Reported Earnings • Aug 14
Second quarter 2024 earnings released: EPS: JP¥8.56 (vs JP¥12.86 in 2Q 2023) Second quarter 2024 results: EPS: JP¥8.56 (down from JP¥12.86 in 2Q 2023). Revenue: JP¥7.29b (up 1.4% from 2Q 2023). Net income: JP¥161.0m (down 33% from 2Q 2023). Profit margin: 2.2% (down from 3.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥657, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 23x in the Hospitality industry in Japan. Total loss to shareholders of 21% over the past three years. Announcement • Jun 28
KeyHolder, Inc. to Report Q2, 2024 Results on Aug 09, 2024 KeyHolder, Inc. announced that they will report Q2, 2024 results on Aug 09, 2024 New Risk • May 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: 5.3% Last year net profit margin: 8.5% 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. This is currently the only risk that has been identified for the company. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: JP¥18.03 (vs JP¥53.25 in 1Q 2023) First quarter 2024 results: EPS: JP¥18.03 (down from JP¥53.25 in 1Q 2023). Revenue: JP¥6.86b (down 2.0% from 1Q 2023). Net income: JP¥338.0m (down 66% from 1Q 2023). Profit margin: 4.9% (down from 14% in 1Q 2023). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Mar 28
KeyHolder, Inc. to Report Q1, 2024 Results on May 10, 2024 KeyHolder, Inc. announced that they will report Q1, 2024 results on May 10, 2024 Announcement • Mar 01
KeyHolder, Inc. announced that it expects to receive ¥79.999585 million in funding from MBS MEDIA HOLDINGS, INC. KeyHolder, Inc. announced a private placement to issue 83,945 common shares at an issue price of ¥953 per share for the gross proceeds of ¥79,999,585 on February 29, 2024. The transaction will include participation from new investor MBS Media Holdings Inc. The transaction has been approved by the shareholders of the company and is expected tp close on March 15, 2024. The company has disclosed the issue expenses of ¥500,000 and the net proceeds of ¥79,499,585. New Risk • Feb 16
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.9b (US$99.1m) 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. This is currently the only risk that has been identified for the company. Announcement • Feb 15
KeyHolder, Inc., Annual General Meeting, Mar 26, 2024 KeyHolder, Inc., Annual General Meeting, Mar 26, 2024. Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: JP¥113 (vs JP¥99.72 in FY 2022) Full year 2023 results: EPS: JP¥113 (up from JP¥99.72 in FY 2022). Revenue: JP¥27.5b (up 25% from FY 2022). Net income: JP¥2.11b (up 13% from FY 2022). Profit margin: 7.7% (down from 8.5% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Jan 05
KeyHolder, Inc. announced that it has received ¥229.841898 million in funding On January 4, 2024, KeyHolder, Inc. closed the transaction. Announcement • Dec 27
KeyHolder, Inc. to Report Fiscal Year 2023 Results on Feb 13, 2024 KeyHolder, Inc. announced that they will report fiscal year 2023 results on Feb 13, 2024 Upcoming Dividend • Dec 21
Upcoming dividend of JP¥20.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 March 2024. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (0.6%). New Risk • Nov 16
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: 6.8% Last year net profit margin: 10% 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. This is currently the only risk that has been identified for the company. Announcement • Nov 15
KeyHolder, Inc. (TSE:4712) announces an Equity Buyback for 200,000 shares, representing 1.07% for ¥300 million. KeyHolder, Inc. (TSE:4712) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares, representing 1.07% of its total shares outstanding (excluding treasury shares), for a total of ¥300 million. The purpose of repurchase program is to return profits to shareholders by improving capital efficiency, while also providing flexible resources according to the business environment. The repurchase program is valid till December 29, 2023. As of June 30, 2023, the company had 18,676,942 shares outstanding (excluding treasury shares) and had 290,468 shares in treasury. Announcement • Sep 28
KeyHolder, Inc. to Report Q3, 2023 Results on Nov 13, 2023 KeyHolder, Inc. announced that they will report Q3, 2023 results on Nov 13, 2023 New Risk • Aug 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 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 12
Second quarter 2023 earnings released: EPS: JP¥12.86 (vs JP¥24.43 in 2Q 2022) Second quarter 2023 results: EPS: JP¥12.86 (down from JP¥24.43 in 2Q 2022). Revenue: JP¥7.19b (up 55% from 2Q 2022). Net income: JP¥240.0m (down 48% from 2Q 2022). Profit margin: 3.3% (down from 9.9% in 2Q 2022). The decrease in margin was driven by higher expenses. Announcement • Jun 28
KeyHolder, Inc. to Report Q2, 2023 Results on Aug 10, 2023 KeyHolder, Inc. announced that they will report Q2, 2023 results on Aug 10, 2023 Reported Earnings • May 16
First quarter 2023 earnings released: EPS: JP¥53.25 (vs JP¥39.77 in 1Q 2022) First quarter 2023 results: EPS: JP¥53.25 (up from JP¥39.77 in 1Q 2022). Revenue: JP¥7.00b (up 67% from 1Q 2022). Net income: JP¥1.00b (up 33% from 1Q 2022). Profit margin: 14% (down from 18% in 1Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: JP¥99.72 (vs JP¥26.50 in FY 2021) Full year 2022 results: EPS: JP¥99.72 (up from JP¥26.50 in FY 2021). Revenue: JP¥22.1b (up 31% from FY 2021). Net income: JP¥1.88b (up 307% from FY 2021). Profit margin: 8.5% (up from 2.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 16
Full year 2022 earnings released: EPS: JP¥99.72 (vs JP¥26.50 in FY 2021) Full year 2022 results: EPS: JP¥99.72 (up from JP¥26.50 in FY 2021). Revenue: JP¥22.1b (up 31% from FY 2021). Net income: JP¥1.88b (up 307% from FY 2021). Profit margin: 8.5% (up from 2.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Dec 26
KeyHolder, Inc. to Report Fiscal Year 2022 Results on Feb 14, 2023 KeyHolder, Inc. announced that they will report fiscal year 2022 results on Feb 14, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 30 March 2023. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (0.6%). Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥23.65 (vs JP¥25.84 loss in 3Q 2021) Third quarter 2022 results: EPS: JP¥23.65 (up from JP¥25.84 loss in 3Q 2021). Revenue: JP¥7.55b (up 101% from 3Q 2021). Net income: JP¥443.0m (up JP¥891.0m from 3Q 2021). Profit margin: 5.9% (up from net loss in 3Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. 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. 7 experienced directors. 5 highly experienced directors. No independent directors (9 non-independent directors). Standing Corporate Auditor Toru Arai was the last director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Buying Opportunity • Oct 28
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥1,013, 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. Meanwhile, the company has become profitable. Buying Opportunity • Oct 11
Now 20% undervalued Over the last 90 days, the stock is up 27%. The fair value is estimated to be JP¥1,030, 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. Meanwhile, the company has become profitable. Announcement • Sep 28
KeyHolder, Inc. to Report Q3, 2022 Results on Nov 11, 2022 KeyHolder, Inc. announced that they will report Q3, 2022 results on Nov 11, 2022 Buying Opportunity • Aug 18
Now 22% undervalued Over the last 90 days, the stock is up 31%. The fair value is estimated to be JP¥1,078, 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. Meanwhile, the company has become profitable. Reported Earnings • Aug 14
Second quarter 2022 earnings released: EPS: JP¥24.49 (vs JP¥34.72 loss in 2Q 2021) Second quarter 2022 results: EPS: JP¥24.49 (up from JP¥34.72 loss in 2Q 2021). Revenue: JP¥4.64b (up 12% from 2Q 2021). Net income: JP¥460.0m (up JP¥1.06b from 2Q 2021). Profit margin: 9.9% (up from net loss in 2Q 2021). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 56% 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 • Jul 19
Investor sentiment improved over the past week After last week's 22% share price gain to JP¥776, the stock trades at a trailing P/E ratio of 63.1x. Average trailing P/E is 25x in the Hospitality industry in Japan. Total loss to shareholders of 15% over the past three years. Announcement • Jun 29
KeyHolder, Inc. to Report Q2, 2022 Results on Aug 12, 2022 KeyHolder, Inc. announced that they will report Q2, 2022 results on Aug 12, 2022 Valuation Update With 7 Day Price Move • Jun 03
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥782, the stock trades at a trailing P/E ratio of 64x. Average trailing P/E is 28x in the Hospitality industry in Japan. Total loss to shareholders of 16% over the past three years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥644, the stock trades at a trailing P/E ratio of 53.5x. Average trailing P/E is 27x in the Hospitality industry in Japan. Total loss to shareholders of 35% over the past three years. Reported Earnings • May 17
First quarter 2022 earnings released: EPS: JP¥39.77 (vs JP¥57.00 in 1Q 2021) First quarter 2022 results: EPS: JP¥39.77 (down from JP¥57.00 in 1Q 2021). Revenue: JP¥4.19b (up 13% from 1Q 2021). Net income: JP¥753.0m (down 24% from 1Q 2021). Profit margin: 18% (down from 27% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging 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. 4 highly experienced directors. No independent directors (9 non-independent directors). Standing Corporate Auditor Toru Arai was the last director to join the board, commencing their role in 2015. 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 08
KeyHolder, Inc. to Report Q1, 2022 Results on May 13, 2022 KeyHolder, Inc. announced that they will report Q1, 2022 results on May 13, 2022 Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improved over the past week After last week's 18% share price gain to JP¥661, the stock trades at a trailing P/E ratio of 27.2x. Average trailing P/E is 25x in the Hospitality industry in Japan. Total loss to shareholders of 53% over the past three years. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥459, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 23x in the Hospitality industry in Japan. Total loss to shareholders of 65% over the past three years. Reported Earnings • Feb 16
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥26.50 (down from JP¥67.53 in FY 2020). Revenue: JP¥16.8b (up 57% from FY 2020). Net income: JP¥461.0m (down 58% from FY 2020). Profit margin: 2.7% (down from 10% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Feb 16
KeyHolder, Inc., Annual General Meeting, Mar 29, 2022 KeyHolder, Inc., Annual General Meeting, Mar 29, 2022. 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¥580, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 31x in the Hospitality industry in Japan. Total loss to shareholders of 51% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 25 March 2022. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (0.5%). Reported Earnings • Nov 15
Third quarter 2021 earnings released: JP¥25.78 loss per share (vs JP¥80.20 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥3.75b (down 15% from 3Q 2020). Net loss: JP¥447.0m (down 134% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥912, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 34x in the Hospitality industry in Japan. Total loss to shareholders of 40% over the past three years. Reported Earnings • Apr 06
Full year 2020 earnings released: EPS JP¥67.53 (vs JP¥49.12 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥10.7b (down 22% from FY 2019). Net income: JP¥1.10b (up JP¥1.84b from FY 2019). Profit margin: 10% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥67.53 (vs JP¥49.12 loss in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥10.7b (down 22% from FY 2019). Net income: JP¥1.10b (up JP¥1.84b from FY 2019). Profit margin: 10% (up from net loss in FY 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 29
New 90-day low: JP¥827 The company is down 27% from its price of JP¥1,134 on 30 October 2020. The Japanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 10.0% over the same period. Is New 90 Day High Low • Jan 12
New 90-day low: JP¥837 The company is down 34% from its price of JP¥1,275 on 14 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 2.0% over the same period. Announcement • Jan 09
KeyHolder, Inc. announced that it has received ¥499.999914 million in funding from SMEJ Plus Co., Ltd. On January 8, 0201, KeyHolder, Inc. (JASDAQ:4712) closed the transaction. Is New 90 Day High Low • Dec 23
New 90-day low: JP¥986 The company is down 13% from its price of JP¥1,134 on 24 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 Hospitality industry, which is up 3.0% over the same period. Announcement • Dec 23
KeyHolder, Inc. announced that it has received ¥299.999745 million in funding from Daiichikosho Co., Ltd. On December 21, 2020, KeyHolder, Inc. (JASDAQ:4712) closed the transaction. The number of issued shares increased from 16,575,783 shares to 16,870,768 shares. The registered capital has been increased by ¥149,999,873 and capital reserve has been increased by ¥149,999,872. Is New 90 Day High Low • Dec 08
New 90-day low: JP¥1,005 The company is down 12% from its price of JP¥1,143 on 09 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 10.0% over the same period. Announcement • Dec 02
KeyHolder, Inc. announced that it expects to receive ¥299.999745 million in funding from Daiichikosho Co., Ltd. KeyHolder, Inc. (JASDAQ:4712) announced that it will issue 294,985 shares at a price of ¥1,017 per share for the gross proceeds of ¥299,999,745 on December 1, 2020. The shares will be issue on third-party allotment basis to new investor Daiichikosho Co., Ltd. (TSE:7458) for 1.75% stakes in the company. The transaction is expected to close on December 21, 2020. The company will bear ¥3,000,000 as issuance expense. Is New 90 Day High Low • Nov 17
New 90-day low: JP¥1,072 The company is down 13% from its price of JP¥1,230 on 19 August 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Hospitality industry, which is up 16% over the same period. Announcement • Sep 26
KeyHolder, Inc. to Report Q3, 2021 Results on Nov 11, 2020 KeyHolder, Inc. announced that they will report Q3, 2021 results on Nov 11, 2020 
