Board Change • Mar 31
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Outside Director Koichi Itabashi was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Mar 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 40% to JP¥612. The fair value is estimated to be JP¥788, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 22% over the last year. Earnings per share has declined by 20%. Reported Earnings • Feb 14
Third quarter 2026 earnings released: JP¥2.52 loss per share (vs JP¥13.82 profit in 3Q 2025) Third quarter 2026 results: JP¥2.52 loss per share (down from JP¥13.82 profit in 3Q 2025). Revenue: JP¥1.11b (up 10% from 3Q 2025). Net loss: JP¥11.0m (down 118% from profit in 3Q 2025). Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥757, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 17x in the IT industry in Japan. Total returns to shareholders of 25% over the past three years. Buy Or Sell Opportunity • Feb 02
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to JP¥897. The fair value is estimated to be JP¥1,180, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last year. Earnings per share has grown by 123%. Announcement • Dec 24
circlace Inc to Report Q3, 2026 Results on Feb 12, 2026 circlace Inc announced that they will report Q3, 2026 results on Feb 12, 2026 Reported Earnings • Nov 17
Second quarter 2026 earnings released: EPS: JP¥10.77 (vs JP¥13.82 in 2Q 2025) Second quarter 2026 results: EPS: JP¥10.77 (down from JP¥13.82 in 2Q 2025). Revenue: JP¥1.09b (up 9.0% from 2Q 2025). Net income: JP¥47.0m (down 22% from 2Q 2025). Profit margin: 4.3% (down from 6.0% in 2Q 2025). The decrease in margin was driven by higher expenses. Buy Or Sell Opportunity • Oct 04
Now 21% overvalued Over the last 90 days, the stock has fallen 26% to JP¥1,014. The fair value is estimated to be JP¥840, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last year. Earnings per share has grown by 672%. Announcement • Sep 25
circlace Inc to Report Q2, 2026 Results on Nov 13, 2025 circlace Inc announced that they will report Q2, 2026 results on Nov 13, 2025 Buy Or Sell Opportunity • Sep 17
Now 21% overvalued Over the last 90 days, the stock has fallen 32% to JP¥1,017. The fair value is estimated to be JP¥839, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 28% over the last year. Earnings per share has grown by 672%. Reported Earnings • Aug 15
First quarter 2026 earnings released: JP¥7.36 loss per share (vs JP¥17.78 profit in 1Q 2025) First quarter 2026 results: JP¥7.36 loss per share (down from JP¥17.78 profit in 1Q 2025). Revenue: JP¥1.00b (up 20% from 1Q 2025). Net loss: JP¥32.0m (down 142% from profit in 1Q 2025). Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,059, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 12% over the past three years. Announcement • Jun 27
circlace Inc to Report Q1, 2026 Results on Aug 12, 2025 circlace Inc announced that they will report Q1, 2026 results on Aug 12, 2025 Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 43% After last week's 43% share price gain to JP¥1,634, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 18x in the IT industry in Japan. Total loss to shareholders of 1.1% over the past three years. Announcement • May 13
circlace Inc, Annual General Meeting, Jun 26, 2025 circlace Inc, Annual General Meeting, Jun 26, 2025. Announcement • Mar 06
circlace Inc to Report Fiscal Year 2025 Results on May 13, 2025 circlace Inc announced that they will report fiscal year 2025 results on May 13, 2025 New Risk • Dec 26
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 8.4% 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 Risks Share price has been highly volatile over the past 3 months (8.4% average weekly change). Earnings have declined by 1.9% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Market cap is less than US$100m (JP¥2.66b market cap, or US$16.9m). Announcement • Dec 05
circlace Inc to Report Q3, 2025 Results on Feb 10, 2025 circlace Inc announced that they will report Q3, 2025 results on Feb 10, 2025 New Risk • Nov 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2024. 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 Earnings have declined by 1.9% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported March 2024 fiscal period end). Share price has been volatile over the past 3 months (5.7% average weekly change). Market cap is less than US$100m (JP¥2.36b market cap, or US$15.7m). New Risk • Nov 07
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 6.1% 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: Major Risk Earnings have declined by 1.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Market cap is less than US$100m (JP¥2.14b market cap, or US$13.9m). Announcement • Aug 29
circlace Inc to Report Q2, 2025 Results on Nov 14, 2024 circlace Inc announced that they will report Q2, 2025 results on Nov 14, 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 6.4% 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 Earnings have declined by 1.9% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.4% average weekly change). Market cap is less than US$100m (JP¥1.71b market cap, or US$12.0m). Announcement • Jun 28
circlace Inc to Report Q1, 2025 Results on Aug 09, 2024 circlace Inc announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 19
Full year 2024 earnings released: JP¥9.15 loss per share (vs JP¥2.63 profit in FY 2023) Full year 2024 results: JP¥9.15 loss per share (down from JP¥2.63 profit in FY 2023). Revenue: JP¥2.90b (up 15% from FY 2023). Net loss: JP¥39.0m (down 455% from profit in FY 2023). Announcement • May 16
circlace Inc, Annual General Meeting, Jun 26, 2024 circlace Inc, Annual General Meeting, Jun 26, 2024. Announcement • Mar 07
circlace Inc to Report Fiscal Year 2024 Results on May 14, 2024 circlace Inc announced that they will report fiscal year 2024 results on May 14, 2024 Reported Earnings • Feb 15
Third quarter 2024 earnings released: JP¥12.88 loss per share (vs JP¥0.47 loss in 3Q 2023) Third quarter 2024 results: JP¥12.88 loss per share (further deteriorated from JP¥0.47 loss in 3Q 2023). Revenue: JP¥711.0m (up 12% from 3Q 2023). Net loss: JP¥55.0m (loss widened JP¥53.0m from 3Q 2023). New Risk • Jan 24
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¥2.41b market cap, or US$16.3m). Announcement • Nov 27
circlace Inc to Report Q3, 2024 Results on Feb 13, 2024 circlace Inc announced that they will report Q3, 2024 results on Feb 13, 2024 Reported Earnings • Nov 10
Second quarter 2024 earnings released: JP¥4.69 loss per share (vs JP¥0.47 loss in 2Q 2023) Second quarter 2024 results: JP¥4.69 loss per share (further deteriorated from JP¥0.47 loss in 2Q 2023). Revenue: JP¥702.0m (up 11% from 2Q 2023). Net loss: JP¥20.0m (loss widened JP¥18.0m from 2Q 2023). Announcement • Sep 23
circlace Inc to Report Q2, 2024 Results on Nov 09, 2023 circlace Inc announced that they will report Q2, 2024 results on Nov 09, 2023 Reported Earnings • Aug 11
First quarter 2024 earnings released: JP¥9.44 loss per share (vs JP¥25.97 profit in 1Q 2023) First quarter 2024 results: JP¥9.44 loss per share (down from JP¥25.97 profit in 1Q 2023). Revenue: JP¥650.0m (up 5.9% from 1Q 2023). Net loss: JP¥40.0m (down 146% from profit in 1Q 2023). Announcement • Jun 28
circlace Inc to Report Q1, 2024 Results on Aug 09, 2023 circlace Inc announced that they will report Q1, 2024 results on Aug 09, 2023 New Risk • Jun 25
New major 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 7.7% 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 No financial data reported. Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Market cap is less than US$100m (JP¥3.58b market cap, or US$24.9m). Announcement • May 13
circlace Inc, Annual General Meeting, Jun 27, 2023 circlace Inc, Annual General Meeting, Jun 27, 2023. Announcement • Dec 24
circlace Inc to Report Q3, 2023 Results on Feb 14, 2023 circlace Inc announced that they will report Q3, 2023 results on Feb 14, 2023 Announcement • Sep 24
circlace Inc to Report Q2, 2023 Results on Nov 09, 2022 circlace Inc announced that they will report Q2, 2023 results on Nov 09, 2022 Announcement • Jun 30
circlace Inc to Report Q1, 2023 Results on Aug 09, 2022 circlace Inc announced that they will report Q1, 2023 results on Aug 09, 2022 Announcement • Apr 13
circlace Inc has completed an IPO in the amount of ¥540 million. circlace Inc has completed an IPO in the amount of ¥540 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 750,000
Price\Range: ¥720
Discount Per Security: ¥57.6