Reported Earnings • Dec 30
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: JP¥24.51 loss per share (down from JP¥34.62 profit in FY 2024). Revenue: JP¥16.7b (up 3.9% from FY 2024). Net loss: JP¥447.0m (down 170% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 27 percentage points per year, which is a significant difference in performance. Announcement • Dec 04
miratap inc. to Report Q1, 2026 Results on Feb 13, 2026 miratap inc. announced that they will report Q1, 2026 results on Feb 13, 2026 Announcement • Nov 17
miratap inc., Annual General Meeting, Dec 25, 2025 miratap inc., Annual General Meeting, Dec 25, 2025. Announcement • Sep 27
miratap inc. to Report Fiscal Year 2025 Results on Nov 14, 2025 miratap inc. announced that they will report fiscal year 2025 results on Nov 14, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥3.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 29 December 2025. The company is not currently making a profit and is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (1.6%). Announcement • Sep 13
Toru Miyoshi agreed to acquire Best Bright corp. from miratap inc. (TSE:3187) for ¥1. Toru Miyoshi agreed to acquire Best Bright corp. from miratap inc. (TSE:3187) for ¥1 on September 12, 2025. As part of the acquisition, Toru Miyoshi will acquire 500 shares in Best Bright corp for a cash consideration of ¥1. Upon completion, Best Bright corp will no longer operate as a subsidiary of miratap inc.
For the period ending December 31, 2024, Best Bright corp. reported total revenue of ¥1.43 billion, operating loss of ¥98 million and net loss of ¥111 million. As of December 31, 2024, Best Bright corp. reported total assets of ¥1.88 billion and net liabilities of ¥196 million. The contract execution date and share transfer date is expected to take place around the end of September 2025. Reported Earnings • Aug 10
Third quarter 2025 earnings released: JP¥3.14 loss per share (vs JP¥2.61 profit in 3Q 2024) Third quarter 2025 results: JP¥3.14 loss per share (down from JP¥2.61 profit in 3Q 2024). Revenue: JP¥4.01b (up 8.0% from 3Q 2024). Net loss: JP¥57.0m (down 219% from profit in 3Q 2024). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Announcement • Jun 11
miratap inc. to Report Q3, 2025 Results on Aug 08, 2025 miratap inc. announced that they will report Q3, 2025 results on Aug 08, 2025 New Risk • May 20
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 248% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (6.3% operating cash flow to total debt). Dividend is not well covered by earnings and cash flows. Payout ratio: 248% Paying a dividend despite having no free cash flows. Minor Risks Profit margins are more than 30% lower than last year (0.5% net profit margin). Market cap is less than US$100m (JP¥6.84b market cap, or US$47.2m). Reported Earnings • May 20
Second quarter 2025 earnings released: EPS: JP¥2.13 (vs JP¥15.48 in 2Q 2024) Second quarter 2025 results: EPS: JP¥2.13 (down from JP¥15.48 in 2Q 2024). Revenue: JP¥4.42b (flat on 2Q 2024). Net income: JP¥39.0m (down 86% from 2Q 2024). Profit margin: 0.9% (down from 6.4% in 2Q 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Specialty Retail industry in Japan. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥278, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total loss to shareholders of 53% over the past three years. Announcement • Mar 08
miratap inc. to Report Q2, 2025 Results on May 14, 2025 miratap inc. announced that they will report Q2, 2025 results on May 14, 2025 Announcement • Feb 27
miratap inc. (TSE:3187) announces an Equity Buyback for 400,000 shares, representing 2.17% for ¥100 million. miratap inc. (TSE:3187) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares, representing 2.17% of its total shares outstanding (excluding treasury shares), for a total of ¥100 million. The purpose of repurchase program is to increase the flexibility of future capital policies, such as by using the funds to promote business activities. The repurchase program is valid till June 30, 2025. As of February 27, 2025, the company had 18,394,275 shares outstanding (excluding treasury shares) and had 869,025 shares in treasury. Reported Earnings • Feb 16
First quarter 2025 earnings released: JP¥8.01 loss per share (vs JP¥9.23 profit in 1Q 2024) First quarter 2025 results: JP¥8.01 loss per share (down from JP¥9.23 profit in 1Q 2024). Revenue: JP¥4.16b (up 3.3% from 1Q 2024). Net loss: JP¥147.0m (down 187% from profit in 1Q 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. Reported Earnings • Dec 31
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: JP¥34.62 (up from JP¥28.39 in FY 2023). Revenue: JP¥16.1b (up 4.1% from FY 2023). Net income: JP¥635.0m (up 21% from FY 2023). Profit margin: 3.9% (up from 3.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. New Risk • Dec 20
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 5.1% 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 Dividend is not well covered by cash flows (101% cash payout ratio). Share price has been volatile over the past 3 months (5.1% average weekly change). Market cap is less than US$100m (JP¥6.94b market cap, or US$44.1m). Announcement • Dec 19
miratap inc. to Report Q1, 2025 Results on Feb 14, 2025 miratap inc. announced that they will report Q1, 2025 results on Feb 14, 2025 Announcement • Nov 15
miratap inc., Annual General Meeting, Dec 26, 2024 miratap inc., Annual General Meeting, Dec 26, 2024. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 27 December 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.4%). Announcement • Aug 29
Sanwa Company Ltd. to Report Fiscal Year 2024 Results on Nov 14, 2024 Sanwa Company Ltd. announced that they will report fiscal year 2024 results at 3:00 PM, Tokyo Standard Time on Nov 14, 2024 Reported Earnings • Aug 14
Third quarter 2024 earnings released: EPS: JP¥2.61 (vs JP¥6.43 in 3Q 2023) Third quarter 2024 results: EPS: JP¥2.61 (down from JP¥6.43 in 3Q 2023). Revenue: JP¥3.71b (down 3.0% from 3Q 2023). Net income: JP¥48.0m (down 60% from 3Q 2023). Profit margin: 1.3% (down from 3.1% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥440, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 12% over the past three years. Announcement • Jun 06
Sanwa Company Ltd. to Report Q3, 2024 Results on Aug 09, 2024 Sanwa Company Ltd. announced that they will report Q3, 2024 results on Aug 09, 2024 Reported Earnings • May 18
Second quarter 2024 earnings released: EPS: JP¥15.48 (vs JP¥6.43 in 2Q 2023) Second quarter 2024 results: EPS: JP¥15.48 (up from JP¥6.43 in 2Q 2023). Revenue: JP¥4.41b (up 15% from 2Q 2023). Net income: JP¥284.0m (up 139% from 2Q 2023). Profit margin: 6.4% (up from 3.1% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Japan. Announcement • Feb 29
Sanwa Company Ltd. to Report Q2, 2024 Results on May 14, 2024 Sanwa Company Ltd. announced that they will report Q2, 2024 results on May 14, 2024 Reported Earnings • Feb 19
First quarter 2024 earnings released: EPS: JP¥9.23 (vs JP¥5.66 in 1Q 2023) First quarter 2024 results: EPS: JP¥9.23 (up from JP¥5.66 in 1Q 2023). Revenue: JP¥4.02b (up 9.5% from 1Q 2023). Net income: JP¥169.0m (up 61% from 1Q 2023). Profit margin: 4.2% (up from 2.9% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Specialty Retail industry in Japan. Valuation Update With 7 Day Price Move • Jan 10
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥511, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 86% over the past three years. Announcement • Dec 28
Sanwa Company Ltd. to Report Q1, 2024 Results on Feb 14, 2024 Sanwa Company Ltd. announced that they will report Q1, 2024 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥677, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 172% over the past three years. Announcement • Nov 17
Sanwa Company Ltd., Annual General Meeting, Dec 26, 2023 Sanwa Company Ltd., Annual General Meeting, Dec 26, 2023. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥10.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 28 December 2023. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥750, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 176% over the past three years. Announcement • Sep 02
Sanwa Company Ltd. to Report Fiscal Year 2023 Results on Nov 14, 2023 Sanwa Company Ltd. announced that they will report fiscal year 2023 results on Nov 14, 2023 New Risk • Jun 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2022. 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 Risk Share price has been highly volatile over the past 3 months (8.1% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported September 2022 fiscal period end). Market cap is less than US$100m (JP¥11.6b market cap, or US$80.2m). Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥688, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total returns to shareholders of 198% over the past three years. New Risk • Jun 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 8.5% 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 (8.5% average weekly change). Minor Risk Market cap is less than US$100m (JP¥12.3b market cap, or US$86.6m). Announcement • May 31
Sanwa Company Ltd. to Report Q3, 2023 Results on Aug 09, 2023 Sanwa Company Ltd. announced that they will report Q3, 2023 results on Aug 09, 2023 Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥651, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 210% over the past three years. Announcement • May 16
Sanwa Company Ltd. (TSE:3187) announces an Equity Buyback for 250,000 shares, representing 1.35% for ¥200 million. Sanwa Company Ltd. (TSE:3187) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares, representing 1.35% of its total shares outstanding (excluding treasury shares), for a total of ¥200 million. The purpose of repurchase program is to increase the mobility of future capital policies, such as allocating funds for corporate restructuring. The repurchase program is valid till July 31, 2023. As of March 31, 2023, the company had 18,562,575 shares outstanding (excluding treasury shares) and had 619,025 shares in treasury. Valuation Update With 7 Day Price Move • Feb 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥1,064, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 18x in the Online Retail industry in Japan. Total returns to shareholders of 282% over the past three years. Announcement • Dec 11
Sanwa Company Ltd. to Report Q1, 2023 Results on Feb 14, 2023 Sanwa Company Ltd. announced that they will report Q1, 2023 results on Feb 14, 2023 Announcement • Nov 16
Sanwa Company Ltd., Annual General Meeting, Dec 27, 2022 Sanwa Company Ltd., Annual General Meeting, Dec 27, 2022. Announcement • Sep 03
Sanwa Company Ltd. to Report Fiscal Year 2022 Results on Nov 14, 2022 Sanwa Company Ltd. announced that they will report fiscal year 2022 results on Nov 14, 2022 Announcement • Jun 02
Sanwa Company Ltd. to Report Q3, 2022 Results on Aug 12, 2022 Sanwa Company Ltd. announced that they will report Q3, 2022 results on Aug 12, 2022 Announcement • Apr 08
Sanwa Company Ltd. to Report Q2, 2022 Results on May 13, 2022 Sanwa Company Ltd. announced that they will report Q2, 2022 results on May 13, 2022 Announcement • Aug 13
Sanwa Company Ltd. (TSE:3187) announces an Equity Buyback for 175,200 shares, representing 1% for ¥75 million. Sanwa Company Ltd. (TSE:3187) announces a share repurchase program. Under the program, the company will repurchase up to 175,200 shares, representing 1% of its issued share capital for ¥75 million. The purpose of the program is to increase the agility of future capital policies, such as by allocating funds for corporate reorganization. The program is valid till December 31, 2021. As of March 31, 2021, the company had 17,527,200 shares issued (excluding treasury stock) and 418,800 shares in treasury. Announcement • Mar 06
Sanwa Company Ltd. to Report Q2, 2021 Results on May 14, 2021 Sanwa Company Ltd. announced that they will report Q2, 2021 results on May 14, 2021 Is New 90 Day High Low • Feb 12
New 90-day high: JP¥332 The company is up 13% from its price of JP¥295 on 13 November 2020. The Japanese market is also up 13% over the last 90 days, indicating the company’s price trend is similar to the market over that time. Its price trend is also similar to the Online Retail industry, which is up 13% over the same period. Announcement • Nov 15
Sanwa Company Ltd., Annual General Meeting, Dec 25, 2020 Sanwa Company Ltd., Annual General Meeting, Dec 25, 2020. Announcement • Sep 12
Sanwa Company Ltd. to Report Fiscal Year 2020 Results on Nov 13, 2020 Sanwa Company Ltd. announced that they will report fiscal year 2020 results on Nov 13, 2020