Reported Earnings • May 20
First quarter 2026 earnings released: JP¥0.46 loss per share (vs JP¥3.14 loss in 1Q 2025) First quarter 2026 results: JP¥0.46 loss per share (improved from JP¥3.14 loss in 1Q 2025). Revenue: JP¥535.0m (up 13% from 1Q 2025). Net loss: JP¥13.0m (loss narrowed 85% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 50 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 04
Full year 2025 earnings released: JP¥18.98 loss per share (vs JP¥33.67 loss in FY 2024) Full year 2025 results: JP¥18.98 loss per share (improved from JP¥33.67 loss in FY 2024). Revenue: JP¥2.59b (up 10% from FY 2024). Net loss: JP¥532.0m (loss narrowed 41% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 16
Full year 2025 earnings released: JP¥18.98 loss per share (vs JP¥33.67 loss in FY 2024) Full year 2025 results: JP¥18.98 loss per share (improved from JP¥33.67 loss in FY 2024). Revenue: JP¥2.59b (up 10% from FY 2024). Net loss: JP¥532.0m (loss narrowed 41% from FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Announcement • Feb 13
Gala Incorporated, Annual General Meeting, Mar 28, 2026 Gala Incorporated, Annual General Meeting, Mar 28, 2026. Announcement • Dec 03
Gala Incorporated to Report Fiscal Year 2025 Results on Feb 13, 2026 Gala Incorporated announced that they will report fiscal year 2025 results on Feb 13, 2026 Reported Earnings • Aug 10
Second quarter 2025 earnings released: JP¥3.50 loss per share (vs JP¥6.37 loss in 2Q 2024) Second quarter 2025 results: JP¥3.50 loss per share (improved from JP¥6.37 loss in 2Q 2024). Revenue: JP¥670.8m (up 30% from 2Q 2024). Net loss: JP¥97.9m (loss narrowed 39% from 2Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Reported Earnings • May 11
First quarter 2025 earnings released: JP¥3.14 loss per share (vs JP¥6.37 loss in 1Q 2024) First quarter 2025 results: JP¥3.14 loss per share (improved from JP¥6.37 loss in 1Q 2024). Revenue: JP¥473.0m (down 8.3% from 1Q 2024). Net loss: JP¥88.0m (loss narrowed 45% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 05
Full year 2024 earnings released: JP¥33.67 loss per share (vs JP¥3.72 loss in FY 2023) Full year 2024 results: JP¥33.67 loss per share (further deteriorated from JP¥3.72 loss in FY 2023). Revenue: JP¥2.35b (up 7.8% from FY 2023). Net loss: JP¥907.0m (loss widened JP¥814.0m from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 17
Full year 2024 earnings released: JP¥33.67 loss per share (vs JP¥3.72 loss in FY 2023) Full year 2024 results: JP¥33.67 loss per share (further deteriorated from JP¥3.72 loss in FY 2023). Revenue: JP¥2.35b (up 7.8% from FY 2023). Net loss: JP¥907.0m (loss widened JP¥814.0m from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Announcement • Feb 14
Gala Incorporated, Annual General Meeting, Mar 29, 2025 Gala Incorporated, Annual General Meeting, Mar 29, 2025. New Risk • Dec 31
New major risk - Revenue and earnings growth Revenue has declined by 21% over the past year. 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 revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue 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 Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). Revenue has declined by 21% over the past year. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (JP¥6.92b market cap, or US$44.0m). Announcement • Dec 03
Gala Incorporated to Report Fiscal Year 2024 Results on Feb 14, 2025 Gala Incorporated announced that they will report fiscal year 2024 results at 3:00 PM, Tokyo Standard Time on Feb 14, 2025 New Risk • Oct 11
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (JP¥5.63b market cap, or US$37.9m). New Risk • Apr 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.2% 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: Minor Risks Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (JP¥6.19b market cap, or US$40.0m). Reported Earnings • Mar 28
Full year 2023 earnings released: JP¥3.72 loss per share (vs JP¥11.68 profit in FY 2022) Full year 2023 results: JP¥3.72 loss per share (down from JP¥11.68 profit in FY 2022). Revenue: JP¥2.18b (down 21% from FY 2022). Net loss: JP¥93.0m (down 135% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Board Change • Mar 12
Less than half of directors are independent 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. 5 highly experienced directors. 5 independent directors (6 non-independent directors). Independent Outside Director Joowan Lee was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 19
Third quarter 2024 earnings released: JP¥6.35 loss per share (vs JP¥0.44 profit in 3Q 2023) Third quarter 2024 results: JP¥6.35 loss per share (down from JP¥0.44 profit in 3Q 2023). Revenue: JP¥515.0m (down 28% from 3Q 2023). Net loss: JP¥159.0m (down JP¥170.0m from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Announcement • Feb 18
Gala Incorporated, Annual General Meeting, Mar 23, 2024 Gala Incorporated, Annual General Meeting, Mar 23, 2024. Announcement • Dec 05
Gala Incorporated to Report Fiscal Year 2023 Results on Feb 08, 2024 Gala Incorporated announced that they will report fiscal year 2023 results on Feb 08, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: JP¥2.88 loss per share (vs JP¥2.92 profit in 2Q 2023) Second quarter 2024 results: JP¥2.88 loss per share (down from JP¥2.92 profit in 2Q 2023). Revenue: JP¥437.0m (down 61% from 2Q 2023). Net loss: JP¥72.0m (down 199% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥290, the stock trades at a trailing P/E ratio of 32.7x. Average trailing P/E is 21x in the Entertainment industry in Japan. Total returns to shareholders of 23% over the past three years. Reported Earnings • Aug 14
First quarter 2024 earnings released: EPS: JP¥0.049 (vs JP¥4.73 in 1Q 2023) First quarter 2024 results: EPS: JP¥0.049 (down from JP¥4.73 in 1Q 2023). Revenue: JP¥545.6m (down 22% from 1Q 2023). Net income: JP¥1.23m (down 99% from 1Q 2023). Profit margin: 0.2% (down from 14% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. New Risk • Jul 05
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 5.6% 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 (5.6% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (JP¥11.0b market cap, or US$76.4m). Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥441, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 20x in the Entertainment industry in Japan. Total returns to shareholders of 80% over the past three years. Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥13.33 (vs JP¥9.76 loss in FY 2022) Full year 2023 results: EPS: JP¥13.33 (up from JP¥9.76 loss in FY 2022). Revenue: JP¥3.21b (up 435% from FY 2022). Net income: JP¥320.0m (up JP¥506.0m from FY 2022). Profit margin: 10.0% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • May 14
Gala Incorporated, Annual General Meeting, Jun 24, 2023 Gala Incorporated, Annual General Meeting, Jun 24, 2023. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥517, the stock trades at a trailing P/E ratio of 49.2x. Average trailing P/E is 21x in the Entertainment industry in Japan. Total returns to shareholders of 108% over the past three years. Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥0.44 (vs JP¥0.052 in 3Q 2022) Third quarter 2023 results: EPS: JP¥0.44 (up from JP¥0.052 in 3Q 2022). Revenue: JP¥715.0m (up 459% from 3Q 2022). Net income: JP¥11.0m (up JP¥10.0m from 3Q 2022). Profit margin: 1.5% (up from 0.8% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥2.92 (vs JP¥4.98 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥2.92 (up from JP¥4.98 loss in 2Q 2022). Revenue: JP¥1.11b (up JP¥981.0m from 2Q 2022). Net income: JP¥73.0m (up JP¥168.0m from 2Q 2022). Profit margin: 6.6% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Yukio Okamoto was the last director to join the board, commencing their role in 2020. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥2.92 (vs JP¥4.98 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥2.92 (up from JP¥4.98 loss in 2Q 2022). Revenue: JP¥1.11b (up JP¥981.0m from 2Q 2022). Net income: JP¥73.0m (up JP¥168.0m from 2Q 2022). Profit margin: 6.6% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 14
First quarter 2023 earnings released: EPS: JP¥4.73 (vs JP¥9.02 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥4.73 (up from JP¥9.02 loss in 1Q 2022). Revenue: JP¥701.0m (up JP¥599.0m from 1Q 2022). Net income: JP¥99.0m (up JP¥271.0m from 1Q 2022). Profit margin: 14% (up from net loss in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • May 31
Gala Incorporated announced that it has received ¥185.2566 million in funding from MEGAZONE CLOUD Corp. On May 30, 2022, Gala Incorporated closed the transaction. Announcement • May 15
Gala Incorporated, Annual General Meeting, Jun 25, 2022 Gala Incorporated, Annual General Meeting, Jun 25, 2022. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 1 independent director. 9 non-independent directors. Independent Outside Director Noriyuki Kuramochi was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Apr 08
Gala Incorporated to Report Fiscal Year 2022 Results on May 13, 2022 Gala Incorporated announced that they will report fiscal year 2022 results on May 13, 2022 Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥0.052 (down from JP¥2.15 in 3Q 2021). Revenue: JP¥128.0m (down 53% from 3Q 2021). Net income: JP¥1.00m (down 98% from 3Q 2021). Profit margin: 0.8% (down from 15% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Second quarter 2022 earnings released: JP¥4.98 loss per share (vs JP¥4.35 loss in 2Q 2021) The company reported a poor second quarter result with increased losses, weaker revenues and weaker control over costs. Second quarter 2022 results: Revenue: JP¥128.0m (down 17% from 2Q 2021). Net loss: JP¥95.0m (loss widened 14% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
Full year 2021 earnings released: JP¥6.97 loss per share (vs JP¥25.12 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: JP¥985.0m (up 139% from FY 2020). Net loss: JP¥131.0m (loss narrowed 70% from FY 2020). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥2.15 (vs JP¥4.04 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥272.0m (up 159% from 3Q 2020). Net income: JP¥41.0m (up JP¥111.0m from 3Q 2020). Profit margin: 15% (up from net loss in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Jan 21
New 90-day high: JP¥230 The company is up 8.0% from its price of JP¥213 on 23 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 15% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: JP¥177 The company is down 29% from its price of JP¥248 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 Entertainment industry, which is up 9.0% over the same period. Is New 90 Day High Low • Dec 07
New 90-day low: JP¥200 The company is down 13% from its price of JP¥229 on 08 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 5.0% over the same period. Is New 90 Day High Low • Nov 20
New 90-day low: JP¥207 The company is down 14% from its price of JP¥240 on 21 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 Entertainment industry, which is up 1.0% over the same period. Reported Earnings • Nov 15
Second quarter 2021 earnings released: JP¥4.35 loss per share The company reported a solid second quarter result with improved revenues and control over expenses, though losses increased. Second quarter 2021 results: Revenue: JP¥155.0m (up 60% from 2Q 2020). Net loss: JP¥83.0m (loss widened 2.5% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 13% per year. Is New 90 Day High Low • Oct 22
New 90-day low: JP¥215 The company is down 9.0% from its price of JP¥235 on 22 July 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 18% over the same period. Announcement • Aug 16
Gala Incorporated to Report Fiscal Year 2021 Results on May 14, 2021 Gala Incorporated announced that they will report fiscal year 2021 results on May 14, 2021