Announcement • Jun 01
AppBank Inc. to Report Q2, 2026 Results on Aug 13, 2026 AppBank Inc. announced that they will report Q2, 2026 results on Aug 13, 2026 Board Change • Apr 24
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director Kazumasa Hagiwara was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 16
AppBank Inc., Annual General Meeting, Mar 30, 2026 AppBank Inc., Annual General Meeting, Mar 30, 2026. New Risk • Jan 22
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 82% This is considered a major 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 Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Share price has been highly volatile over the past 3 months (16% average weekly change). Shareholders have been substantially diluted in the past year (82% increase in shares outstanding). Minor Risk Market cap is less than US$100m (JP¥3.20b market cap, or US$20.2m). Announcement • Dec 03
AppBank Inc. to Report Fiscal Year 2025 Results on Feb 13, 2026 AppBank Inc. announced that they will report fiscal year 2025 results on Feb 13, 2026 Announcement • Oct 31
AppBank Inc. announced that it expects to receive ¥202.92 million in funding AppBank Inc. announced a private placement of 1,000,000 common shares at an issue price of ¥186 per share for the gross proceeds of ¥186,000,000 and 90,000 15th stock acquisition rights at an issue price of ¥188 per right for the gross proceeds of ¥16,920,000; aggregate gross proceeds of ¥202,920,000 on October 30, 2025. The transaction included participation from Cantor Fitzgerald & Co. The potential shares from the issuance of stock acquisition rights will be 9,000,000 shares. The initial exercise price of stock acquisition rights ¥186. The transaction will happen through third party allocation. The transaction is expected to close on November 17, 2025. The transaction has been approved at board of directors’ meeting of the company. he exercise period of these stock acquisition rights is from November 17, 2025 to November 16, 2027. Announcement • Sep 02
AppBank Inc. to Report Q3, 2025 Results on Nov 13, 2025 AppBank Inc. announced that they will report Q3, 2025 results on Nov 13, 2025 New Risk • Aug 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.45b (US$9.86m) This is considered a major 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 Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Share price has been highly volatile over the past 3 months (20% average weekly change). Market cap is less than US$10m (JP¥1.45b market cap, or US$9.86m). Announcement • Jun 05
AppBank Inc. to Report Q2, 2025 Results on Aug 13, 2025 AppBank Inc. announced that they will report Q2, 2025 results on Aug 13, 2025 New Risk • May 16
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 12% 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 Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Shareholders have been diluted in the past year (16% increase in shares outstanding). Revenue is less than US$5m (JP¥490m revenue, or US$3.4m). Market cap is less than US$100m (JP¥1.66b market cap, or US$11.4m). New Risk • Apr 07
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: Major Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Market cap is less than US$10m (JP¥1.02b market cap, or US$6.99m). Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Revenue is less than US$5m (JP¥490m revenue, or US$3.4m). New Risk • Mar 30
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended December 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported December 2023 fiscal period end). Market cap is less than US$10m (JP¥1.31b market cap, or US$8.73m). Minor Risks Shareholders have been diluted in the past year (28% increase in shares outstanding). Revenue is less than US$5m (JP¥490m revenue, or US$3.3m). Announcement • Mar 29
AppBank Inc. to Report Q1, 2025 Results on May 14, 2025 AppBank Inc. announced that they will report Q1, 2025 results on May 14, 2025 Announcement • Feb 13
AppBank Inc., Annual General Meeting, Mar 28, 2025 AppBank Inc., Annual General Meeting, Mar 28, 2025. Announcement • Dec 05
AppBank Inc. to Report Fiscal Year 2024 Results on Feb 13, 2025 AppBank Inc. announced that they will report fiscal year 2024 results on Feb 13, 2025 New Risk • Oct 15
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: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (JP¥1.25b market cap, or US$8.32m). 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 (18% increase in shares outstanding). Revenue is less than US$5m (JP¥490m revenue, or US$3.3m). Announcement • Sep 05
AppBank Inc. to Report Q3, 2024 Results on Nov 13, 2024 AppBank Inc. announced that they will report Q3, 2024 results on Nov 13, 2024 Announcement • Apr 03
AppBank Inc. announced that it has received ¥98.9728 million in funding from PLANA Co., Ltd., STPR Inc., Quantum Leaps Corporation, Investment Arm, Milestone Capital Management Co., Ltd. On April 1, 2024, AppBank Inc. closed the transaction. Announcement • Feb 29
AppBank Inc. to Report Q1, 2024 Results on May 14, 2024 AppBank Inc. announced that they will report Q1, 2024 results on May 14, 2024 New Risk • Feb 19
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 10% 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 Less than 1 year of cash runway based on free cash flow trend (-JP¥306m free cash flow). Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 25% per year over the past 5 years. Market cap is less than US$10m (JP¥1.39b market cap, or US$9.25m). Minor Risks Shareholders have been diluted in the past year (31% increase in shares outstanding). Revenue is less than US$5m (JP¥490m revenue, or US$3.3m). Reported Earnings • Feb 17
Full year 2023 earnings released: JP¥41.40 loss per share (vs JP¥35.85 loss in FY 2022) Full year 2023 results: JP¥41.40 loss per share (further deteriorated from JP¥35.85 loss in FY 2022). Revenue: JP¥490.0m (up 26% from FY 2022). Net loss: JP¥421.0m (loss widened 46% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Announcement • Feb 17
AppBank Inc., Annual General Meeting, Mar 29, 2024 AppBank Inc., Annual General Meeting, Mar 29, 2024. Announcement • Dec 05
AppBank Inc. to Report Fiscal Year 2023 Results on Feb 13, 2024 AppBank Inc. announced that they will report fiscal year 2023 results on Feb 13, 2024 Reported Earnings • Nov 12
Third quarter 2023 earnings released: JP¥9.11 loss per share (vs JP¥6.51 loss in 3Q 2022) Third quarter 2023 results: JP¥9.11 loss per share (further deteriorated from JP¥6.51 loss in 3Q 2022). Revenue: JP¥188.0m (up 62% from 3Q 2022). Net loss: JP¥98.0m (loss widened 89% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Sep 03
AppBank Inc. to Report Q3, 2023 Results on Nov 10, 2023 AppBank Inc. announced that they will report Q3, 2023 results on Nov 10, 2023 New Risk • Aug 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -JP¥218m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥218m free cash flow). Earnings have declined by 4.4% per year over the past 5 years. Market cap is less than US$10m (JP¥1.30b market cap, or US$8.97m). Minor Risks Shareholders have been diluted in the past year (37% increase in shares outstanding). Revenue is less than US$5m (JP¥434m revenue, or US$3.0m). Reported Earnings • Aug 13
Second quarter 2023 earnings released: JP¥8.68 loss per share (vs JP¥6.88 loss in 2Q 2022) Second quarter 2023 results: JP¥8.68 loss per share (further deteriorated from JP¥6.88 loss in 2Q 2022). Revenue: JP¥129.0m (up 28% from 2Q 2022). Net loss: JP¥89.0m (loss widened 65% from 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 20% per year. Announcement • Jun 02
AppBank Inc. to Report Q2, 2023 Results on Aug 10, 2023 AppBank Inc. announced that they will report Q2, 2023 results on Aug 10, 2023 Reported Earnings • Feb 17
Full year 2022 earnings released: JP¥35.85 loss per share (vs JP¥23.70 loss in FY 2021) Full year 2022 results: JP¥35.85 loss per share (further deteriorated from JP¥23.70 loss in FY 2021). Revenue: JP¥388.0m (up 14% from FY 2021). Net loss: JP¥288.0m (loss widened 55% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 21% per year. Announcement • Jan 28
AppBank Inc. announced that it has received ¥30.3984 million in funding from CANDY A GO GO Co., Ltd. On January 27, 2023, AppBank Inc. closed the transaction. Announcement • Dec 28
AppBank Inc. to Report Fiscal Year 2022 Results on Feb 14, 2023 AppBank Inc. announced that they will report fiscal year 2022 results on Feb 14, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: JP¥6.51 loss per share (vs JP¥7.90 loss in 3Q 2021) Third quarter 2022 results: JP¥6.51 loss per share (improved from JP¥7.90 loss in 3Q 2021). Revenue: JP¥116.0m (up 47% from 3Q 2021). Net loss: JP¥52.0m (loss narrowed 16% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 25% per year. Board Change • Nov 16
Insufficient new 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. No highly experienced directors. Independent Outside Director Seichi Kuranishi 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: Insufficient board refreshment. Reported Earnings • Nov 13
Third quarter 2022 earnings released: JP¥6.51 loss per share (vs JP¥7.90 loss in 3Q 2021) Third quarter 2022 results: JP¥6.51 loss per share (improved from JP¥7.90 loss in 3Q 2021). Revenue: JP¥116.0m (up 47% from 3Q 2021). Net loss: JP¥52.0m (loss narrowed 16% from 3Q 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year whereas the company’s share price has fallen by 24% per year. Announcement • Sep 28
AppBank Inc. to Report Q3, 2022 Results on Nov 11, 2022 AppBank Inc. announced that they will report Q3, 2022 results on Nov 11, 2022 Reported Earnings • Aug 15
Second quarter 2022 earnings released: JP¥6.88 loss per share (vs JP¥3.19 loss in 2Q 2021) Second quarter 2022 results: JP¥6.88 loss per share (down from JP¥3.19 loss in 2Q 2021). Revenue: JP¥101.0m (up 30% from 2Q 2021). Net loss: JP¥54.0m (loss widened 116% from 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 20% per year, which means it has not declined as severely as earnings. Announcement • Jul 21
AppBank Inc. announced that it has received ¥2.196 million in funding from Milestone Capital Management Co., Ltd. On July 19, 2022, AppBank Inc. closed the transaction. Announcement • Jun 29
AppBank Inc. to Report Q2, 2022 Results on Aug 12, 2022 AppBank Inc. announced that they will report Q2, 2022 results on Aug 12, 2022 Reported Earnings • May 16
First quarter 2022 earnings released: JP¥5.86 loss per share (vs JP¥5.99 loss in 1Q 2021) First quarter 2022 results: JP¥5.86 loss per share (up from JP¥5.99 loss in 1Q 2021). Revenue: JP¥77.0m (down 2.5% from 1Q 2021). Net loss: JP¥46.0m (loss narrowed 2.1% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 22% per year. Announcement • May 14
AppBank Inc. to Report Q1, 2022 Results on May 13, 2022 AppBank Inc. announced that they will report Q1, 2022 results on May 13, 2022 Board Change • Apr 27
Insufficient new 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. No highly experienced directors. Independent Outside Director Seichi Kuranishi 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: Insufficient board refreshment. Reported Earnings • Feb 20
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: JP¥23.70 loss per share (down from JP¥22.55 loss in FY 2020). Revenue: JP¥342.0m (down 38% from FY 2020). Net loss: JP¥186.0m (loss widened 5.1% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Announcement • Feb 17
AppBank Inc., Annual General Meeting, Mar 29, 2022 AppBank Inc., Annual General Meeting, Mar 29, 2022. Reported Earnings • Nov 15
Third quarter 2021 earnings released: JP¥7.90 loss per share (vs JP¥3.06 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: JP¥79.0m (down 6.0% from 3Q 2020). Net loss: JP¥62.0m (loss widened 158% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 20
Second quarter 2021 earnings released: JP¥3.19 loss per share (vs JP¥4.84 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: JP¥78.0m (up 13% from 2Q 2020). Net loss: JP¥25.0m (loss narrowed 34% from 2Q 2020). 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 35% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 14
Full year 2020 earnings released: JP¥22.55 loss per share (vs JP¥9.00 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: JP¥547.0m (down 59% from FY 2019). Net loss: JP¥177.0m (loss widened 153% from FY 2019). 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 25% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥161 The company is down 35% from its price of JP¥247 on 23 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 Online Retail industry, which is down 5.0% over the same period. Is New 90 Day High Low • Dec 03
New 90-day low: JP¥185 The company is down 25% from its price of JP¥248 on 04 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 Online Retail industry, which is up 3.0% over the same period. Announcement • Sep 26
AppBank Inc. to Report Q3, 2020 Results on Nov 12, 2020 AppBank Inc. announced that they will report Q3, 2020 results on Nov 12, 2020