Reported Earnings • Feb 18
Second quarter 2026 earnings released: JP¥2.32 loss per share (vs JP¥7.13 profit in 2Q 2025) Second quarter 2026 results: JP¥2.32 loss per share (down from JP¥7.13 profit in 2Q 2025). Revenue: JP¥4.30b (down 1.8% from 2Q 2025). Net loss: JP¥59.6m (down 133% from profit in 2Q 2025). Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥252, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 16x in the Media industry in Japan. Total loss to shareholders of 28% over the past year. New Risk • Feb 16
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 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 37% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.8% average weekly change). Market cap is less than US$100m (JP¥6.79b market cap, or US$44.2m). Reported Earnings • Aug 16
Full year 2025 earnings released: EPS: JP¥11.88 (vs JP¥21.83 loss in FY 2024) Full year 2025 results: EPS: JP¥11.88 (up from JP¥21.83 loss in FY 2024). Revenue: JP¥17.2b (up 24% from FY 2024). Net income: JP¥303.0m (up JP¥857.0m from FY 2024). Profit margin: 1.8% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Announcement • Aug 14
Bleach, Inc., Annual General Meeting, Sep 26, 2025 Bleach, Inc., Annual General Meeting, Sep 26, 2025. Reported Earnings • May 20
Third quarter 2025 earnings released: EPS: JP¥5.14 (vs JP¥1.53 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥5.14 (up from JP¥1.53 loss in 3Q 2024). Revenue: JP¥4.37b (up 26% from 3Q 2024). Net income: JP¥131.0m (up JP¥170.0m from 3Q 2024). Profit margin: 3.0% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Announcement • Apr 23
Bleach, Inc. to Report Q3, 2025 Results on May 15, 2025 Bleach, Inc. announced that they will report Q3, 2025 results on May 15, 2025 New Risk • Feb 17
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 9.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.7% average weekly change). Earnings have declined by 55% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥8.38b market cap, or US$55.3m). Reported Earnings • Feb 16
Second quarter 2025 earnings released: EPS: JP¥7.13 (vs JP¥1.53 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥7.13 (up from JP¥1.53 loss in 2Q 2024). Revenue: JP¥4.38b (up 27% from 2Q 2024). Net income: JP¥181.7m (up JP¥220.7m from 2Q 2024). Profit margin: 4.1% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Announcement • Jan 17
Bleach, Inc. to Report Q2, 2025 Results on Feb 14, 2025 Bleach, Inc. announced that they will report Q2, 2025 results on Feb 14, 2025 Reported Earnings • Nov 20
First quarter 2025 earnings released: JP¥2.38 loss per share (vs JP¥18.06 profit in 1Q 2024) First quarter 2025 results: JP¥2.38 loss per share (down from JP¥18.06 profit in 1Q 2024). Revenue: JP¥3.91b (down 4.9% from 1Q 2024). Net loss: JP¥60.7m (down 117% from profit in 1Q 2024). Announcement • Oct 08
Bleach, Inc. to Report Q1, 2025 Results on Nov 14, 2024 Bleach, Inc. announced that they will report Q1, 2025 results on Nov 14, 2024 Reported Earnings • Oct 03
Full year 2024 earnings released: JP¥21.83 loss per share (vs JP¥73.07 profit in FY 2023) Full year 2024 results: JP¥21.83 loss per share (down from JP¥73.07 profit in FY 2023). Revenue: JP¥13.8b (down 16% from FY 2023). Net loss: JP¥554.0m (down 138% from profit in FY 2023). Announcement • Aug 14
Bleach, Inc., Annual General Meeting, Sep 27, 2024 Bleach, Inc., Annual General Meeting, Sep 27, 2024. New Risk • Aug 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 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue has declined by 5.9% over the past year. Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (JP¥5.83b market cap, or US$41.0m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to JP¥229, the stock trades at a trailing P/E ratio of 18.9x. Average trailing P/E is 16x in the Media industry in Japan. Total loss to shareholders of 78% over the past year. Announcement • Jun 23
Bleach, Inc. to Report Fiscal Year 2024 Results on Aug 14, 2024 Bleach, Inc. announced that they will report fiscal year 2024 results on Aug 14, 2024 New Risk • May 21
New major risk - Revenue and earnings growth Revenue has declined by 5.9% 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 Risk Revenue has declined by 5.9% over the past year. Minor Risks Share price has been volatile over the past 3 months (5.7% average weekly change). Profit margins are more than 30% lower than last year (2.1% net profit margin). Market cap is less than US$100m (JP¥8.23b market cap, or US$52.7m). New Risk • Apr 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 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 June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (JP¥8.18b market cap, or US$53.0m). Valuation Update With 7 Day Price Move • Feb 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥418, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 16x in the Media industry in Japan. New Risk • Jan 25
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 7.8% 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 (7.8% average weekly change). Minor Risk Market cap is less than US$100m (JP¥13.6b market cap, or US$92.2m). Announcement • Dec 28
Bleach, Inc. to Report Q2, 2024 Results on Feb 14, 2024 Bleach, Inc. announced that they will report Q2, 2024 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥502, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 12x in the Media industry in Japan. New Risk • Oct 20
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.0b (US$100.0m) 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 (7.1% average weekly change). Market cap is less than US$100m (JP¥15.0b market cap, or US$100.0m). Buying Opportunity • Oct 03
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 58%. The fair value is estimated to be JP¥808, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last year. Earnings per share has grown by 136%. Revenue is forecast to grow by 56% in 2 years. Earnings is forecast to grow by 41% in the next 2 years. Announcement • Sep 29
Bleach, Inc. to Report Q1, 2024 Results on Nov 14, 2023 Bleach, Inc. announced that they will report Q1, 2024 results on Nov 14, 2023 Reported Earnings • Aug 16
Full year 2023 earnings released: EPS: JP¥73.07 (vs JP¥30.97 in FY 2022) Full year 2023 results: EPS: JP¥73.07 (up from JP¥30.97 in FY 2022). Revenue: JP¥16.4b (up 12% from FY 2022). Net income: JP¥1.47b (up 136% from FY 2022). Profit margin: 8.9% (up from 4.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 4.6% growth forecast for the Media industry in Japan. Announcement • Jul 06
Bleach, Inc. has completed an IPO in the amount of ¥8.308 billion. Bleach, Inc. has completed an IPO in the amount of ¥8.308 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 5,000,000
Price\Range: ¥1340
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,200,000
Price\Range: ¥1340 Board Change • Jul 05
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. CFO, In charge of IR and Management Strategy & Director Takuya Matsumoto was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.