Board Change • May 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 2 experienced directors. 2 highly experienced directors. President & Representative Director Kenji Ito is the most experienced director on the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 30
Full year 2025 earnings released: JP¥0.48 loss per share (vs JP¥21.90 loss in FY 2024) Full year 2025 results: JP¥0.48 loss per share (improved from JP¥21.90 loss in FY 2024). Revenue: JP¥4.90b (up 20% from FY 2024). Net loss: JP¥17.0m (loss narrowed 98% from FY 2024). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 14
Full year 2025 earnings released: JP¥0.48 loss per share (vs JP¥21.90 loss in FY 2024) Full year 2025 results: JP¥0.48 loss per share (improved from JP¥21.90 loss in FY 2024). Revenue: JP¥4.90b (up 20% from FY 2024). Net loss: JP¥17.0m (loss narrowed 98% from FY 2024). Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Feb 12
SpiderPlus & Co., Annual General Meeting, Mar 25, 2026 SpiderPlus & Co., Annual General Meeting, Mar 25, 2026. New Risk • Feb 07
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 7.9% 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 (7.9% average weekly change). Minor Risk Market cap is less than US$100m (JP¥11.1b market cap, or US$70.7m). Buy Or Sell Opportunity • Feb 03
Now 22% overvalued Over the last 90 days, the stock has fallen 23% to JP¥311. The fair value is estimated to be JP¥256, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 29%. Buy Or Sell Opportunity • Jan 15
Now 24% overvalued Over the last 90 days, the stock has fallen 22% to JP¥317. The fair value is estimated to be JP¥256, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 29%. Buy Or Sell Opportunity • Dec 10
Now 25% overvalued Over the last 90 days, the stock has fallen 24% to JP¥321. The fair value is estimated to be JP¥258, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 29%. Announcement • Dec 03
SpiderPlus & Co. to Report Fiscal Year 2025 Results on Feb 12, 2026 SpiderPlus & Co. announced that they will report fiscal year 2025 results on Feb 12, 2026 Buy Or Sell Opportunity • Nov 20
Now 22% overvalued Over the last 90 days, the stock has fallen 34% to JP¥318. The fair value is estimated to be JP¥262, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 29%. Reported Earnings • Nov 15
Third quarter 2025 earnings released: JP¥1.55 loss per share (vs JP¥3.28 loss in 3Q 2024) Third quarter 2025 results: JP¥1.55 loss per share (improved from JP¥3.28 loss in 3Q 2024). Revenue: JP¥1.24b (up 17% from 3Q 2024). Net loss: JP¥55.0m (loss narrowed 52% from 3Q 2024). Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Nov 14
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 6.2% 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 Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (JP¥12.4b market cap, or US$80.3m). New Risk • Oct 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.0b (US$99.8m) 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. This is currently the only risk that has been identified for the company. Announcement • Sep 02
SpiderPlus & Co. to Report Q3, 2025 Results on Nov 13, 2025 SpiderPlus & Co. announced that they will report Q3, 2025 results on Nov 13, 2025 Reported Earnings • Aug 07
Second quarter 2025 earnings released: JP¥0.67 loss per share (vs JP¥6.00 loss in 2Q 2024) Second quarter 2025 results: JP¥0.67 loss per share (improved from JP¥6.00 loss in 2Q 2024). Revenue: JP¥1.19b (up 22% from 2Q 2024). Net loss: JP¥23.7m (loss narrowed 89% from 2Q 2024). Revenue is forecast to grow 29% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Japan. 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 9% per year, which means it is significantly lagging earnings. Announcement • Jun 03
SpiderPlus & Co. to Report Q2, 2025 Results on Aug 06, 2025 SpiderPlus & Co. announced that they will report Q2, 2025 results on Aug 06, 2025 New Risk • Apr 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥13.2b (US$90.3m) 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: Major Risk Share price has been highly volatile over the past 3 months (8.6% average weekly change). Minor Risk Market cap is less than US$100m (JP¥13.2b market cap, or US$90.3m). Announcement • Mar 27
SpiderPlus & Co. to Report Q1, 2025 Results on May 14, 2025 SpiderPlus & Co. announced that they will report Q1, 2025 results on May 14, 2025 Reported Earnings • Feb 15
Full year 2024 earnings released: JP¥21.90 loss per share (vs JP¥13.31 loss in FY 2023) Full year 2024 results: JP¥21.90 loss per share (further deteriorated from JP¥13.31 loss in FY 2023). Revenue: JP¥4.07b (up 28% from FY 2023). Net loss: JP¥771.0m (loss widened 67% from FY 2023). Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Announcement • Feb 13
SpiderPlus & Co., Annual General Meeting, Mar 26, 2025 SpiderPlus & Co., Annual General Meeting, Mar 26, 2025. Announcement • Jan 23
SpiderPlus & Co. to Report Fiscal Year 2024 Results on Feb 13, 2025 SpiderPlus & Co. announced that they will report fiscal year 2024 results on Feb 13, 2025 New Risk • Dec 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 7.4% 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 (7.4% average weekly change). Minor Risk Market cap is less than US$100m (JP¥14.6b market cap, or US$92.7m). New Risk • Oct 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.8b (US$99.8m) 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 (9.8% average weekly change). Market cap is less than US$100m (JP¥14.8b market cap, or US$99.8m). Announcement • Aug 27
SpiderPlus & Co. to Report Q3, 2024 Results on Nov 13, 2024 SpiderPlus & Co. announced that they will report Q3, 2024 results at 3:00 PM, Tokyo Standard Time on Nov 13, 2024 Reported Earnings • Aug 19
Second quarter 2024 earnings released: JP¥5.99 loss per share (vs JP¥2.92 loss in 2Q 2023) Second quarter 2024 results: JP¥5.99 loss per share (further deteriorated from JP¥2.92 loss in 2Q 2023). Revenue: JP¥978.0m (up 28% from 2Q 2023). Net loss: JP¥210.6m (loss widened 107% from 2Q 2023). Revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Software industry in Japan. 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 37% per year, which means it is performing significantly worse than earnings. New Risk • Aug 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 6.0% 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 Share price has been volatile over the past 3 months (6.0% average weekly change). Market cap is less than US$100m (JP¥14.5b market cap, or US$97.6m). Announcement • Jun 02
SpiderPlus & Co. to Report Q2, 2024 Results on Aug 08, 2024 SpiderPlus & Co. announced that they will report Q2, 2024 results on Aug 08, 2024 Reported Earnings • May 16
First quarter 2024 earnings released: JP¥4.05 loss per share (vs JP¥5.76 loss in 1Q 2023) First quarter 2024 results: JP¥4.05 loss per share (improved from JP¥5.76 loss in 1Q 2023). Revenue: JP¥933.0m (up 30% from 1Q 2023). Net loss: JP¥142.0m (loss narrowed 28% from 1Q 2023). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Software industry in Japan. Announcement • Mar 30
SpiderPlus & Co. to Report Q1, 2024 Results on May 13, 2024 SpiderPlus & Co. announced that they will report Q1, 2024 results on May 13, 2024 Reported Earnings • Mar 30
Full year 2023 earnings released: JP¥13.31 loss per share (vs JP¥30.71 loss in FY 2022) Full year 2023 results: JP¥13.31 loss per share (improved from JP¥30.71 loss in FY 2022). Revenue: JP¥3.19b (up 29% from FY 2022). Net loss: JP¥463.0m (loss narrowed 55% from FY 2022). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 23% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 15
Full year 2023 earnings released Full year 2023 results: Revenue: JP¥3.19b (up 29% from FY 2022). Net loss: JP¥463.4m (loss narrowed 55% from FY 2022). Revenue is forecast to grow 24% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Software industry in Japan. Breakeven Date Change • Feb 15
Forecast to breakeven in 2025 The 2 analysts covering SpiderPlus expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of JP¥370.0m in 2025. Average annual earnings growth of 135% is required to achieve expected profit on schedule. Announcement • Feb 14
SpiderPlus & Co., Annual General Meeting, Mar 26, 2024 SpiderPlus & Co., Annual General Meeting, Mar 26, 2024. Announcement • Jan 06
SpiderPlus & Co. to Report Fiscal Year 2023 Results on Feb 14, 2024 SpiderPlus & Co. announced that they will report fiscal year 2023 results on Feb 14, 2024 Reported Earnings • Nov 08
Third quarter 2023 earnings released: JP¥2.37 loss per share (vs JP¥9.45 loss in 3Q 2022) Third quarter 2023 results: JP¥2.37 loss per share (improved from JP¥9.45 loss in 3Q 2022). Revenue: JP¥827.0m (up 30% from 3Q 2022). Net loss: JP¥83.0m (loss narrowed 74% from 3Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. New Risk • Nov 08
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.8% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 0.8% per year for the foreseeable future. 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 (3.4% increase in shares outstanding). Announcement • Sep 28
SpiderPlus & Co. to Report Q3, 2023 Results on Nov 07, 2023 SpiderPlus & Co. announced that they will report Q3, 2023 results on Nov 07, 2023 New Risk • Aug 12
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: JP¥1.0b Forecast net loss in 2 years: JP¥20m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. 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 Risks Currently unprofitable and not forecast to become profitable over next 2 years (JP¥20m net loss in 2 years). Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Reported Earnings • Aug 10
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: JP¥763.5m (up 27% from 2Q 2022). Net loss: JP¥102.9m (loss narrowed 57% from 2Q 2022). Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Japan. Announcement • Jun 17
SpiderPlus & Co. to Report Q2, 2023 Results on Aug 09, 2023 SpiderPlus & Co. announced that they will report Q2, 2023 results on Aug 09, 2023 Reported Earnings • May 13
First quarter 2023 earnings released: JP¥5.76 loss per share (vs JP¥2.57 loss in 1Q 2022) First quarter 2023 results: JP¥5.76 loss per share (further deteriorated from JP¥2.57 loss in 1Q 2022). Revenue: JP¥719.0m (up 27% from 1Q 2022). Net loss: JP¥197.0m (loss widened 129% from 1Q 2022). Announcement • May 13
SpiderPlus & Co. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2023 SpiderPlus & Co. provided earnings guidance for the fiscal year ending December 31, 2023. For the period, the company expects net sales to be JPY 3,302 million, operating loss to be JPY 698 million and net loss to be JPY 739 million. Reported Earnings • Apr 01
Full year 2022 earnings released: JP¥30.71 loss per share (vs JP¥16.00 loss in FY 2021) Full year 2022 results: JP¥30.71 loss per share (further deteriorated from JP¥16.00 loss in FY 2021). Revenue: JP¥2.48b (up 12% from FY 2021). Net loss: JP¥1.04b (loss widened 103% from FY 2021). Reported Earnings • Feb 14
Full year 2022 earnings released: JP¥30.71 loss per share (vs JP¥16.00 loss in FY 2021) Full year 2022 results: JP¥30.71 loss per share (further deteriorated from JP¥16.00 loss in FY 2021). Revenue: JP¥2.48b (up 12% from FY 2021). Net loss: JP¥1.04b (loss widened 103% from FY 2021). Announcement • Feb 14
SpiderPlus & Co. Provides Earnings Guidance for the Fiscal Year Ending December 31, 2023 SpiderPlus & Co. provided earnings guidance for the fiscal year ending December 31, 2023. For the year, the company expects net sales of JPY 3,302 million, operating loss of JPY 698 million, net loss of JPY 739 million. Announcement • Feb 13
SpiderPlus & Co., Annual General Meeting, Mar 29, 2023 SpiderPlus & Co., Annual General Meeting, Mar 29, 2023. Announcement • Jan 19
SpiderPlus & Co. to Report Fiscal Year 2022 Results on Feb 13, 2023 SpiderPlus & Co. announced that they will report fiscal year 2022 results on Feb 13, 2023 Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. CFO, Executive Officer & Executive Director Yutaka Fujiwara was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 12
SpiderPlus & Co. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2022 SpiderPlus & Co. provided consolidated earnings guidance for the year ending December 31, 2022. For the year, the company expects net sales of JPY 2,668 million, operating loss of JPY 1,189 million, and net loss of JPY 1,094 million. Reported Earnings • Nov 12
Third quarter 2022 earnings released: JP¥9.45 loss per share (vs JP¥2.72 loss in 3Q 2021) Third quarter 2022 results: JP¥9.45 loss per share (further deteriorated from JP¥2.72 loss in 3Q 2021). Revenue: JP¥636.0m (up 21% from 3Q 2021). Net loss: JP¥320.0m (loss widened 256% from 3Q 2021). Announcement • Sep 28
SpiderPlus & Co. to Report Q3, 2022 Results on Nov 10, 2022 SpiderPlus & Co. announced that they will report Q3, 2022 results on Nov 10, 2022 Reported Earnings • Aug 11
Second quarter 2022 earnings released: JP¥7.03 loss per share (vs JP¥2.72 loss in 2Q 2021) Second quarter 2022 results: JP¥7.03 loss per share (down from JP¥2.72 loss in 2Q 2021). Revenue: JP¥601.0m (up 15% from 2Q 2021). Net loss: JP¥237.0m (loss widened 163% from 2Q 2021). Announcement • Jun 29
SpiderPlus & Co. to Report Q2, 2022 Results on Aug 10, 2022 SpiderPlus & Co. announced that they will report Q2, 2022 results on Aug 10, 2022 Announcement • Jun 24
SpiderPlus & Co. Announces Launch of the Renewal Version of Spiderplus SpiderPlus & Co. conducted a system renewal (hereinafter referred to as "this renewal") for its mainstay SPIDERPLUS service. In accordance with this renewal, announce that sales of the renewed version will be accepted.launch the rene d version of "SPIDERPLUS" (hereinafter referred to as "the rene d version S+") from Aug. 1, 2022. Since Sep. 2011, have been developing and offering SPIDERPLUS (hereinafter referred to as "Current S+") as a service to resolve the "serious labor shortage in the construction industry" by promoting DX. This renewal is the larger system update since the service was launched. The renovated S+ combines 636 requests from customers with experience and knowledge accumulated over approximately 10 years as a pioneer in the construction DX company to implement functions that exceed 1500. Through this renewal, SPIDERPLUS will evolve into a "product platform" that solves all issues at construction sites in collaboration with other companies' services/products. The contents of this release are continuing to disclose information related to the renewal version of S+, and the impact of this release on the financial results for the fiscal year under review is insignificant. The current S+ version is a product that have developed and evolved "together" with customers under "Identity" (&Co.). Beginning with the shift to paperless drawings, have implemented a variety of functions in response to the advancement of IT in the construction industry. As a result, the current S+ version is being used by more than 1200 companies, approximately 50,000 on-site supervisors and other users, and customer base is still expanding. In addition, demand for productivity improvements in the construction industry is rising ahead of the enforcement of the Revised Work Style Reform Related Law in the construction industry, which is approaching and will be enforced in Apr. 2024. The DX needs of the construction industry are rapidly expanding while diversifying and sophisticating. On the other hand, since the current S+ has been developing for more than 10 years, the system has become more complicated, and many development man-h s have been required to develop functions and improve functions. have begun to renew and develop the current S+ version in order to quickly realize the diverse development demands of the construction industry and evolve it into a product that can respond to the expanding DX needs in the future. (1) Reflecting 636 development requests and implementing more than 1500 functions This renewal is a major system update that realizes 636 development requests, such as the creation of company-specific forms and links with installed systems, that have not been realized due to the system complication of the current version S+. will redesign more than 1,500 functional components from scratch and implement a number of features that will give users the customer experience they really want to continue using. (2) Significant improvement in development speed In this renewal, the development foundation will also be renovated into a development environment with scalability and agility. By revamping development foundation, will be able to respond more quickly to the development of new functions and collaboration with external systems, thereby further improving development productivity. (3) Evolve as a platform product The renovated S+ will continue to evolve as a platform product for Construction DX. In addition, in order to solve all issues at construction sites, will not only continue in-house development, but also collaborate with other companies' products and services. Along with platformization, will further work to enhance product value through strategic alliances and M&A with other companies. 3. Expected effect The renovated S+ is being developed as a platform for construction DX, particularly construction management DX at construction sites. will work together with other products and services to resolve all issues faced by construction sites, and will continue to enhance customer value that can be provided by the renewal S+ by combining continuous enhancements and multiple major updates even after the commencement of sales. believe that the updated S+ will provide further improvements in convenience for customers who have introduced the current S+ and value worth enc aging potential customers to introduce it. In addition, a large number of excellent engineers who resonated with the challenge of becoming a "construction DX platform" through the development and improvement of the renovated S+ have been participating since the early stages of development, and further participation is expected as products evolve in the future. 4. Future Schedule (for Customers) will announce the provision plan, detailed functions, and specific application methods for the renewal version of S+ by bsite and sales division around mid-July. As there are some functions the current S+ version currently only have, will continue to provide the services of the current S+ version while continuing to expand the functions of the renewal S+. For the foreseeable future, customers will have an environment in which they can use the best solution from the current S+ or the rene d S+. Reported Earnings • May 19
First quarter 2022 earnings released: JP¥2.57 loss per share (vs JP¥2.44 loss in 1Q 2021) First quarter 2022 results: JP¥2.57 loss per share (down from JP¥2.44 loss in 1Q 2021). Revenue: JP¥568.0m (up 9.4% from 1Q 2021). Net loss: JP¥86.0m (loss widened 23% from 1Q 2021). Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Executive Director of Operations, CFO, GM of Administration Headquarters and Directors Yutaka Fujiwara was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 07
SpiderPlus & Co. to Report Q1, 2022 Results on May 13, 2022 SpiderPlus & Co. announced that they will report Q1, 2022 results on May 13, 2022 Announcement • Feb 16
SpiderPlus & Co., Annual General Meeting, Mar 29, 2022 SpiderPlus & Co., Annual General Meeting, Mar 29, 2022. Announcement • Jan 05
Armacell Japan Co., Ltd completed the acquisition of Engineering Business from SpiderPlus & Co. (TSE:4192). Armacell Japan Co., Ltd signed a business transfer agreement to acquire Engineering Business from SpiderPlus & Co. (TSE:4192) for ¥0.2 million on November 12, 2021. In 2020 Engineering Business generated revenue of ¥489 million and operating Income of ¥73.1 million. Deal is expected to close on January 4, 2022.
Armacell Japan Co., Ltd completed the acquisition of Engineering Business from SpiderPlus & Co. (TSE:4192) on January 4, 2022. 
