Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥119, the stock trades at a trailing P/E ratio of 65.4x. Average trailing P/E is 13x in the Retail Distributors industry in Japan. Total returns to shareholders of 42% over the past three years. New Risk • Mar 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). 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¥7.14b market cap, or US$44.9m). Reported Earnings • Mar 13
Full year 2026 earnings released: EPS: JP¥2.20 (vs JP¥0.44 in FY 2025) Full year 2026 results: EPS: JP¥2.20 (up from JP¥0.44 in FY 2025). Revenue: JP¥27.9b (up 127% from FY 2025). Net income: JP¥97.0m (up JP¥81.0m from FY 2025). Profit margin: 0.3% (up from 0.1% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Mar 12
SHINTO Holdings, Inc., Annual General Meeting, Apr 24, 2026 SHINTO Holdings, Inc., Annual General Meeting, Apr 24, 2026. Announcement • Dec 30
SHINTO Holdings, Inc. to Report Fiscal Year 2026 Results on Mar 12, 2026 SHINTO Holdings, Inc. announced that they will report fiscal year 2026 results on Mar 12, 2026 Reported Earnings • Dec 16
Third quarter 2026 earnings released: EPS: JP¥3.04 (vs JP¥0.50 loss in 3Q 2025) Third quarter 2026 results: EPS: JP¥3.04 (up from JP¥0.50 loss in 3Q 2025). Revenue: JP¥6.60b (up 30% from 3Q 2025). Net income: JP¥138.0m (up JP¥157.0m from 3Q 2025). Profit margin: 2.1% (up from net loss in 3Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Oct 21
SHINTO Holdings, Inc. (TSE:2776) agreed to acquire 50.91% stake in Eishin Shoji Co., Ltd from Takuya Fukuda. SHINTO Holdings, Inc. (TSE:2776) agreed to acquire 50.91% stake in Eishin Shoji Co., Ltd. from Takuya Fukuda on October 20, 2025. For the period ending March 31, 2025, Eishin Shoji Co., Ltd. reported total revenue of ¥18.15 billion, EBIT of ¥262.51 million and net income of ¥85.12 million. As of March 31, 2025, Eishin Shoji Co., Ltd. reported total assets of ¥3.69 billion and total common equity of ¥317.07 million.
The expected completion of the transaction is November 20, 2025. New Risk • Sep 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥476m free cash flow). Share price has been highly volatile over the past 3 months (8.0% average weekly change). Earnings have declined by 3.7% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (JP¥7.02b market cap, or US$47.5m). New Risk • Sep 15
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¥476m 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¥476m free cash flow). Share price has been highly volatile over the past 3 months (8.2% average weekly change). Earnings have declined by 3.7% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥5.70b market cap, or US$38.6m). Reported Earnings • Sep 12
Second quarter 2026 earnings released: JP¥0.17 loss per share (vs JP¥0.24 loss in 2Q 2025) Second quarter 2026 results: JP¥0.17 loss per share (improved from JP¥0.24 loss in 2Q 2025). Revenue: JP¥5.55b (up 303% from 2Q 2025). Net loss: JP¥7.00m (loss narrowed 22% from 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Jul 08
Now 33% overvalued after recent price rise Over the last 90 days, the stock has risen 43% to JP¥147. The fair value is estimated to be JP¥111, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Jun 17
Now 25% overvalued The stock has been flat over the last 90 days, currently trading at JP¥133. The fair value is estimated to be JP¥106, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 42% over the last 3 years. Meanwhile, the company became loss making. New Risk • Jun 14
New major risk - Revenue and earnings growth Earnings have declined by 2.9% per year over the past 5 years. 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 profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings 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 Earnings have declined by 2.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (9.1% average weekly change). Market cap is less than US$100m (JP¥4.72b market cap, or US$32.8m). Reported Earnings • Mar 15
Full year 2025 earnings released: EPS: JP¥0.44 (vs JP¥12.35 loss in FY 2024) Full year 2025 results: EPS: JP¥0.44 (up from JP¥12.35 loss in FY 2024). Revenue: JP¥12.3b (up 95% from FY 2024). Net income: JP¥16.0m (up JP¥410.0m from FY 2024). Profit margin: 0.1% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Mar 14
SHINTO Holdings, Inc., Annual General Meeting, Apr 25, 2025 SHINTO Holdings, Inc., Annual General Meeting, Apr 25, 2025. Announcement • Jan 29
SHINTO Holdings, Inc. to Report Fiscal Year 2025 Results on Mar 14, 2025 SHINTO Holdings, Inc. announced that they will report fiscal year 2025 results on Mar 14, 2025 Reported Earnings • Dec 15
Third quarter 2025 earnings released: JP¥0.50 loss per share (vs JP¥2.45 loss in 3Q 2024) Third quarter 2025 results: JP¥0.50 loss per share (improved from JP¥2.45 loss in 3Q 2024). Revenue: JP¥5.07b (up 357% from 3Q 2024). Net loss: JP¥19.0m (loss narrowed 76% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Announcement • Nov 12
SHINTO Holdings, Inc. to Report Q3, 2025 Results on Dec 13, 2024 SHINTO Holdings, Inc. announced that they will report Q3, 2025 results on Dec 13, 2024 Reported Earnings • Sep 17
Second quarter 2025 earnings released: JP¥0.24 loss per share (vs JP¥1.41 loss in 2Q 2024) Second quarter 2025 results: JP¥0.24 loss per share (improved from JP¥1.41 loss in 2Q 2024). Revenue: JP¥1.38b (down 27% from 2Q 2024). Net loss: JP¥9.00m (loss narrowed 80% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Announcement • Aug 07
SHINTO Holdings, Inc. to Report Q2, 2025 Results on Sep 12, 2024 SHINTO Holdings, Inc. announced that they will report Q2, 2025 results on Sep 12, 2024 Reported Earnings • Jun 16
First quarter 2025 earnings released: JP¥0.094 loss per share (vs JP¥2.57 loss in 1Q 2024) First quarter 2025 results: JP¥0.094 loss per share (improved from JP¥2.57 loss in 1Q 2024). Revenue: JP¥612.0m (down 67% from 1Q 2024). Net loss: JP¥3.00m (loss narrowed 96% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 27% per year, which means it is well ahead of earnings. Announcement • May 19
SHINTO Holdings, Inc. to Report Q1, 2025 Results on Jun 12, 2024 SHINTO Holdings, Inc. announced that they will report Q1, 2025 results on Jun 12, 2024 New Risk • May 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 19% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥238m free cash flow). Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Shareholders have been diluted in the past year (19% increase in shares outstanding). Market cap is less than US$100m (JP¥5.03b market cap, or US$32.3m). New Risk • Apr 20
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 13% 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¥238m free cash flow). Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risk Market cap is less than US$100m (JP¥3.22b market cap, or US$20.8m). New Risk • Mar 17
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¥238m 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 Risk Less than 1 year of cash runway based on free cash flow trend (-JP¥238m free cash flow). Minor Risk Market cap is less than US$100m (JP¥2.27b market cap, or US$15.2m). Announcement • Mar 15
SHINTO Holdings, Inc., Annual General Meeting, Apr 26, 2024 SHINTO Holdings, Inc., Annual General Meeting, Apr 26, 2024. Reported Earnings • Mar 14
Full year 2024 earnings released: JP¥8.43 loss per share (vs JP¥7.55 loss in FY 2023) Full year 2024 results: JP¥8.43 loss per share (further deteriorated from JP¥7.55 loss in FY 2023). Revenue: JP¥6.29b (up 57% from FY 2023). Net loss: JP¥269.0m (loss widened 27% from FY 2023). 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 12% per year, which means it is performing significantly worse than earnings. New Risk • Feb 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 5.5% 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 Less than 1 year of cash runway based on free cash flow trend (-JP¥141m free cash flow). 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¥2.52b market cap, or US$17.2m). Announcement • Jan 11
SHINTO Holdings, Inc. to Report Fiscal Year 2024 Results on Mar 13, 2024 SHINTO Holdings, Inc. announced that they will report fiscal year 2024 results on Mar 13, 2024 Reported Earnings • Dec 16
Third quarter 2024 earnings released: JP¥2.45 loss per share (vs JP¥0.59 profit in 3Q 2023) Third quarter 2024 results: JP¥2.45 loss per share (down from JP¥0.59 profit in 3Q 2023). Revenue: JP¥1.11b (up 27% from 3Q 2023). Net loss: JP¥78.0m (down JP¥95.0m from profit in 3Q 2023). 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. Announcement • Oct 06
SHINTO Holdings, Inc. to Report Q3, 2024 Results on Dec 13, 2023 SHINTO Holdings, Inc. announced that they will report Q3, 2024 results on Dec 13, 2023 Reported Earnings • Sep 16
Second quarter 2024 earnings released: JP¥1.41 loss per share (vs JP¥1.16 loss in 2Q 2023) Second quarter 2024 results: JP¥1.41 loss per share (further deteriorated from JP¥1.16 loss in 2Q 2023). Revenue: JP¥1.89b (up 43% from 2Q 2023). Net loss: JP¥45.0m (loss widened 50% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jul 13
SHINTO Holdings, Inc. to Report Q2, 2024 Results on Sep 13, 2023 SHINTO Holdings, Inc. announced that they will report Q2, 2024 results on Sep 13, 2023 Reported Earnings • Jun 17
First quarter 2024 earnings released: JP¥2.57 loss per share (vs JP¥3.13 loss in 1Q 2023) First quarter 2024 results: JP¥2.57 loss per share. Revenue: JP¥1.87b (up 282% from 1Q 2023). Net loss: JP¥82.0m (loss widened 1.2% from 1Q 2023). Reported Earnings • May 03
Full year 2023 earnings released: JP¥7.55 loss per share (vs JP¥2.51 profit in FY 2022) Full year 2023 results: JP¥7.55 loss per share (down from JP¥2.51 profit in FY 2022). Revenue: JP¥4.02b (down 16% from FY 2022). Net loss: JP¥212.0m (down 431% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 21
Full year 2023 earnings released: JP¥7.55 loss per share (vs JP¥2.51 profit in FY 2022) Full year 2023 results: JP¥7.55 loss per share (down from JP¥2.51 profit in FY 2022). Revenue: JP¥4.02b (down 16% from FY 2022). Net loss: JP¥212.0m (down 431% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Jan 12
SHINTO Holdings, Inc. to Report Fiscal Year 2023 Results on Mar 14, 2023 SHINTO Holdings, Inc. announced that they will report fiscal year 2023 results on Mar 14, 2023 Reported Earnings • Dec 16
Third quarter 2023 earnings released: EPS: JP¥0.59 (vs JP¥2.47 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥0.59 (up from JP¥2.47 loss in 3Q 2022). Revenue: JP¥876.0m (down 31% from 3Q 2022). Net income: JP¥17.0m (up JP¥81.0m from 3Q 2022). Profit margin: 1.9% (up from net loss in 3Q 2022). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 11% 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. 6 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Director Ichiro Shiina 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 • Oct 08
SHINTO Holdings, Inc. to Report Q3, 2023 Results on Dec 14, 2022 SHINTO Holdings, Inc. announced that they will report Q3, 2023 results on Dec 14, 2022 Buying Opportunity • Sep 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 9.1%. The fair value is estimated to be JP¥127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 62% over the last 3 years. Earnings per share has grown by 72%. Reported Earnings • Sep 15
Second quarter 2023 earnings released: JP¥1.15 loss per share (vs JP¥0.27 profit in 2Q 2022) Second quarter 2023 results: JP¥1.15 loss per share (down from JP¥0.27 profit in 2Q 2022). Revenue: JP¥1.33b (up 81% from 2Q 2022). Net loss: JP¥30.0m (down JP¥37.0m from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Aug 06
SHINTO Holdings, Inc. announced a financing transaction SHINTO Holdings, Inc. (JASDAQ:2776) announced a private placement of 6th stock acquisition rights for gross proceeds of ¥546,524,760 on August 4, 2022. The company will raise funding through third party allotment method. Announcement • Jul 30
SHINTO Holdings, Inc. to Report Q2, 2023 Results on Sep 14, 2022 SHINTO Holdings, Inc. announced that they will report Q2, 2023 results on Sep 14, 2022 Buying Opportunity • Jul 28
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 45%. The fair value is estimated to be JP¥120, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 51% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Jun 16
First quarter 2023 earnings released: JP¥3.13 loss per share (vs JP¥1.29 loss in 1Q 2022) First quarter 2023 results: JP¥3.13 loss per share (down from JP¥1.29 loss in 1Q 2022). Revenue: JP¥490.0m (down 58% from 1Q 2022). Net loss: JP¥81.0m (loss widened 161% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 66% 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 • Jun 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥130, the stock trades at a trailing P/E ratio of 52.6x. Average trailing P/E is 12x in the Retail Distributors industry in Japan. Total returns to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥143, the stock trades at a trailing P/E ratio of 57.9x. Average trailing P/E is 12x in the Retail Distributors industry in Japan. Total returns to shareholders of 21% over the past three years. 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. 6 experienced directors. 1 highly experienced director. No independent directors (4 non-independent directors). Director Ichiro Shiina 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
SHINTO Holdings, Inc., Annual General Meeting, Apr 28, 2022 SHINTO Holdings, Inc., Annual General Meeting, Apr 28, 2022. Valuation Update With 7 Day Price Move • Mar 31
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥109, the stock trades at a trailing P/E ratio of 44.1x. Average trailing P/E is 11x in the Retail Distributors industry in Japan. Total loss to shareholders of 16% over the past three years. Announcement • Feb 03
SHINTO Holdings, Inc. to Report Fiscal Year 2022 Results on Mar 18, 2022 SHINTO Holdings, Inc. announced that they will report fiscal year 2022 results on Mar 18, 2022 Reported Earnings • Dec 16
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥2.47 loss per share (up from JP¥2.99 loss in 3Q 2021). Revenue: JP¥1.27b (up JP¥1.17b from 3Q 2021). Net loss: JP¥64.0m (loss widened 23% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Reported Earnings • Sep 15
Second quarter 2022 earnings released: EPS JP¥0.27 (vs JP¥0.12 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥733.0m (up 118% from 2Q 2021). Net income: JP¥7.00m (up JP¥9.00m from 2Q 2021). Profit margin: 1.0% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 20
First quarter 2022 earnings released: JP¥1.29 loss per share (vs JP¥0.02 profit in 1Q 2021) The company reported a decent first quarter result with weaker control over costs, although losses were stable and revenues improved. First quarter 2022 results: Revenue: JP¥1.16b (up JP¥967.0m from 1Q 2021). Net loss: JP¥31.0m (flat on 1Q 2021). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. Reported Earnings • May 02
Full year 2021 earnings released: JP¥9.19 loss per share (vs JP¥22.24 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: JP¥711.0m (down 20% from FY 2020). Net loss: JP¥164.0m (loss narrowed 50% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 30% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 21
Full year 2021 earnings released: JP¥9.19 loss per share (vs JP¥22.24 loss in FY 2020) The company reported a decent full year result with reduced losses and improved control over expenses, although revenues were weaker. Full year 2021 results: Revenue: JP¥711.0m (down 20% from FY 2020). Net loss: JP¥164.0m (loss narrowed 50% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 24% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Mar 10
New 90-day high: JP¥117 The company is up 38% from its price of JP¥85.00 on 10 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Retail Distributors industry, which is up 4.0% over the same period. Announcement • Jan 07
SHINTO Holdings, Inc. to Report Fiscal Year 2021 Results on Mar 17, 2021 SHINTO Holdings, Inc. announced that they will report fiscal year 2021 results on Mar 17, 2021 Announcement • Dec 31
SHINTO Holdings, Inc. (JASDAQ:2776) completed the acquisition of Dadu Holdings Co., Ltd. SHINTO Holdings, Inc. (JASDAQ:2776) entered into a share exchange agreement to acquire Dadu Holdings Co., Ltd for approximately ¥ 300 million on December 8, 2020. Under the terms for each share of Dadu Holdings common stock 3.4 million shares of SHINTO Holdings, Inc. will be allotted and delivered. Post completion Dadu Holdings Co., Ltd will become wholly owned subsidiary of SHINTO Holdings, Inc. For the year ended December 31, 2019, Dadu Holdings Co., Ltd reported revenues of ¥ 343 million, net worth of ¥ 206 million, total assets of ¥ 739 million, operating loss of ¥ 6.6 million, net income of ¥ 3.4 million. The Share Exchange will not be approved by SHINTO Holdings, Inc General Meeting of Shareholders but in the Extraordinary General Meeting of Shareholders. The transaction has been approved by the board of directors and shareholders of SHINTO Holdings, Inc on December 8, 2020. The transaction is expected to close on December 30, 2020. Tokyo Financial Advisers Co., Ltd. acted independent third-party to ensure the fairness and appropriateness of the share exchange ratio.
SHINTO Holdings, Inc. (JASDAQ:2776) completed the acquisition of Dadu Holdings Co., Ltd on December 30, 2020. Dadu Holdings Co., Ltd. will be wholly owned subsidiary of SHINTO Holdings, Inc. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥80.00 The company is down 18% from its price of JP¥97.00 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 Retail Distributors industry, which is down 1.0% over the same period. Reported Earnings • Dec 16
Third quarter 2021 earnings released: JP¥2.99 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2021 results: Revenue: JP¥106.0m (down 47% from 3Q 2020). Net loss: JP¥52.0m (loss narrowed 51% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Oct 16
New 90-day low: JP¥91.00 The company is down 5.0% from its price of JP¥96.00 on 17 July 2020. The Japanese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Retail Distributors industry, which is up 14% over the same period. Announcement • Jul 17
SHINTO Holdings, Inc. to Report Q2, 2021 Results on Sep 14, 2020 SHINTO Holdings, Inc. announced that they will report Q2, 2021 results on Sep 14, 2020 
