New Risk • Mar 17
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Minor Risk Market cap is less than US$100m (JP¥4.82b market cap, or US$30.3m). Reported Earnings • Mar 14
Second quarter 2026 earnings released: EPS: JP¥93.07 (vs JP¥112 in 2Q 2025) Second quarter 2026 results: EPS: JP¥93.07 (down from JP¥112 in 2Q 2025). Revenue: JP¥3.48b (up 2.6% from 2Q 2025). Net income: JP¥315.0m (down 15% from 2Q 2025). Profit margin: 9.0% (down from 11% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Dec 27
Global Style Co.,Ltd. to Report Q2, 2026 Results on Mar 13, 2026 Global Style Co.,Ltd. announced that they will report Q2, 2026 results on Mar 13, 2026 Reported Earnings • Dec 16
First quarter 2026 earnings released: JP¥43.56 loss per share (vs JP¥45.27 loss in 1Q 2025) First quarter 2026 results: JP¥43.56 loss per share (improved from JP¥45.27 loss in 1Q 2025). Revenue: JP¥2.24b (up 7.4% from 1Q 2025). Net loss: JP¥147.0m (loss narrowed 2.0% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Sep 27
Global Style Co.,Ltd. to Report Q1, 2026 Results on Dec 12, 2025 Global Style Co.,Ltd. announced that they will report Q1, 2026 results on Dec 12, 2025 Reported Earnings • Sep 14
Full year 2025 earnings released: EPS: JP¥151 (vs JP¥137 in FY 2024) Full year 2025 results: EPS: JP¥151 (up from JP¥137 in FY 2024). Revenue: JP¥11.5b (up 2.6% from FY 2024). Net income: JP¥503.0m (up 14% from FY 2024). Profit margin: 4.4% (up from 4.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Sep 12
Global Style Co.,Ltd., Annual General Meeting, Oct 24, 2025 Global Style Co.,Ltd., Annual General Meeting, Oct 24, 2025. Upcoming Dividend • Jul 23
Upcoming dividend of JP¥33.00 per share Eligible shareholders must have bought the stock before 30 July 2025. Payment date: 28 October 2025. Trailing yield: 1.9%. Lower than top quartile of Japanese dividend payers (3.9%). Higher than average of industry peers (1.6%). Announcement • Jul 02
Global Style Co.,Ltd. to Report Fiscal Year 2025 Results on Sep 12, 2025 Global Style Co.,Ltd. announced that they will report fiscal year 2025 results on Sep 12, 2025 Reported Earnings • Jun 15
Third quarter 2025 earnings released: EPS: JP¥72.15 (vs JP¥66.92 in 3Q 2024) Third quarter 2025 results: EPS: JP¥72.15 (up from JP¥66.92 in 3Q 2024). Revenue: JP¥3.28b (flat on 3Q 2024). Net income: JP¥241.0m (up 11% from 3Q 2024). Profit margin: 7.3% (up from 6.7% in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • Mar 29
Global Style Co.,Ltd. to Report Q3, 2025 Results on Jun 13, 2025 Global Style Co.,Ltd. announced that they will report Q3, 2025 results on Jun 13, 2025 Reported Earnings • Mar 14
Second quarter 2025 earnings released: EPS: JP¥112 (vs JP¥87.19 in 2Q 2024) Second quarter 2025 results: EPS: JP¥112 (up from JP¥87.19 in 2Q 2024). Revenue: JP¥3.40b (up 5.2% from 2Q 2024). Net income: JP¥372.0m (up 32% from 2Q 2024). Profit margin: 11% (up from 8.7% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Jan 03
Global Style Co.,Ltd. to Report Q2, 2025 Results on Mar 13, 2025 Global Style Co.,Ltd. announced that they will report Q2, 2025 results on Mar 13, 2025 Reported Earnings • Dec 16
First quarter 2025 earnings released: JP¥45.27 loss per share (vs JP¥62.61 loss in 1Q 2024) First quarter 2025 results: JP¥45.27 loss per share (improved from JP¥62.61 loss in 1Q 2024). Revenue: JP¥2.09b (up 11% from 1Q 2024). Net loss: JP¥150.0m (loss narrowed 25% from 1Q 2024). Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Specialty Retail industry in Japan. Announcement • Sep 28
Global Style Co.,Ltd. to Report Q1, 2025 Results on Dec 13, 2024 Global Style Co.,Ltd. announced that they will report Q1, 2025 results on Dec 13, 2024 Reported Earnings • Sep 17
Full year 2024 earnings released: EPS: JP¥137 (vs JP¥150 in FY 2023) Full year 2024 results: EPS: JP¥137 (down from JP¥150 in FY 2023). Revenue: JP¥11.2b (up 7.3% from FY 2023). Net income: JP¥443.0m (down 6.3% from FY 2023). Profit margin: 4.0% (down from 4.5% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Japan. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Sep 13
Global Style Co.,Ltd., Annual General Meeting, Oct 25, 2024 Global Style Co.,Ltd., Annual General Meeting, Oct 25, 2024. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,339, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Specialty Retail industry in Japan. Total loss to shareholders of 19% over the past year. Upcoming Dividend • Jul 23
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 30 July 2024. Payment date: 28 October 2024. The average dividend yield among industry peers is 1.6%. Announcement • Jul 04
Global Style Co.,Ltd. to Report Fiscal Year 2024 Results on Sep 13, 2024 Global Style Co.,Ltd. announced that they will report fiscal year 2024 results on Sep 13, 2024 Reported Earnings • Jun 16
Third quarter 2024 earnings released: EPS: JP¥66.92 (vs JP¥39.75 in 3Q 2023) Third quarter 2024 results: EPS: JP¥66.92. Revenue: JP¥3.26b (up 3.0% from 3Q 2023). Net income: JP¥217.0m (down 13% from 3Q 2023). Profit margin: 6.7% (down from 7.9% in 3Q 2023). The decrease in margin was driven by higher expenses. Announcement • Mar 31
Global Style Co.,Ltd. to Report Q3, 2024 Results on Jun 14, 2024 Global Style Co.,Ltd. announced that they will report Q3, 2024 results on Jun 14, 2024 Reported Earnings • Mar 14
Second quarter 2024 earnings released: EPS: JP¥87.19 (vs JP¥124 in 2Q 2023) Second quarter 2024 results: EPS: JP¥87.19. Revenue: JP¥3.23b (up 16% from 2Q 2023). Net income: JP¥281.0m (up 44% from 2Q 2023). Profit margin: 8.7% (up from 7.0% in 2Q 2023). The increase in margin was driven by higher revenue. New Risk • Jan 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% 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 Risk Debt is not well covered by operating cash flow (7.3% operating cash flow to total debt). Minor Risks Profit margins are more than 30% lower than last year (2.9% net profit margin). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (JP¥5.10b market cap, or US$34.5m). Announcement • Jan 06
Global Style Co.,Ltd. to Report Q2, 2024 Results on Mar 13, 2024 Global Style Co.,Ltd. announced that they will report Q2, 2024 results on Mar 13, 2024 Reported Earnings • Dec 15
First quarter 2024 earnings released: JP¥62.61 loss per share (vs JP¥19.47 loss in 1Q 2023) First quarter 2024 results: JP¥62.61 loss per share (further deteriorated from JP¥19.47 loss in 1Q 2023). Revenue: JP¥1.88b (flat on 1Q 2023). Net loss: JP¥201.0m (loss widened JP¥171.0m from 1Q 2023). Announcement • Oct 01
Global Style Co.,Ltd. to Report Q1, 2024 Results on Dec 14, 2023 Global Style Co.,Ltd. announced that they will report Q1, 2024 results on Dec 14, 2023 Reported Earnings • Sep 16
Full year 2023 earnings released: EPS: JP¥150 (vs JP¥232 in FY 2022) Full year 2023 results: EPS: JP¥150. Revenue: JP¥10.4b (up 14% from FY 2022). Net income: JP¥473.0m (up 38% from FY 2022). Profit margin: 4.5% (up from 3.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Japan. Announcement • Sep 16
Global Style Co.,Ltd., Annual General Meeting, Oct 25, 2023 Global Style Co.,Ltd., Annual General Meeting, Oct 25, 2023. Buying Opportunity • Jul 21
Now 20% undervalued Over the last 90 days, the stock is up 34%. The fair value is estimated to be JP¥2,318, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has grown by 14%. Revenue is forecast to grow by 32% in 2 years. Earnings is forecast to grow by 54% in the next 2 years. Reported Earnings • Jun 16
Third quarter 2023 earnings released: EPS: JP¥39.75 (vs JP¥91.76 in 3Q 2022) Third quarter 2023 results: EPS: JP¥39.75. Revenue: JP¥3.17b (up 30% from 3Q 2022). Net income: JP¥250.0m (up 81% from 3Q 2022). Profit margin: 7.9% (up from 5.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Specialty Retail industry in Japan. Reported Earnings • Mar 15
Second quarter 2023 earnings released: EPS: JP¥124 (vs JP¥91.76 in 2Q 2022) Second quarter 2023 results: EPS: JP¥124 (up from JP¥91.76 in 2Q 2022). Revenue: JP¥2.80b (up 15% from 2Q 2022). Net income: JP¥195.0m (up 41% from 2Q 2022). Profit margin: 7.0% (up from 5.7% in 2Q 2022). The increase in margin was driven by higher revenue. Announcement • Jan 07
Global Style Co.,Ltd. to Report Q2, 2023 Results on Mar 14, 2023 Global Style Co.,Ltd. announced that they will report Q2, 2023 results on Mar 14, 2023 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. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . 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 02
Tangoya Co.,Ltd. to Report Q1, 2023 Results on Dec 13, 2022 Tangoya Co.,Ltd. announced that they will report Q1, 2023 results on Dec 13, 2022 Announcement • Sep 16
Tangoya Co.,Ltd., Annual General Meeting, Oct 26, 2022 Tangoya Co.,Ltd., Annual General Meeting, Oct 26, 2022. Announcement • Jul 03
Tangoya Co.,Ltd. to Report Fiscal Year 2022 Results on Sep 14, 2022 Tangoya Co.,Ltd. announced that they will report fiscal year 2022 results on Sep 14, 2022 Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥2,899, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 11x in the Specialty Retail industry in Japan. 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. 4 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . 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 09
Tangoya Co.,Ltd. to Report Q3, 2022 Results on Jun 13, 2022 Tangoya Co.,Ltd. announced that they will report Q3, 2022 results on Jun 13, 2022 Announcement • Aug 24
Tangoya Co.,Ltd. has completed an IPO in the amount of ¥336 million. Tangoya Co.,Ltd. has completed an IPO in the amount of ¥336 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 210,000
Price\Range: ¥1600
Transaction Features: Sponsor Backed Offering