New Risk • Jul 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% 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 Share price has been highly volatile over the past 3 months (24% average weekly change). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (24% increase in shares outstanding). Market cap is less than US$100m (JP¥5.71b market cap, or US$35.5m). Announcement • Jul 02
Moi Corporation announced that it has received ¥921.525 million in funding from SBI Holdings, Inc. On June 30, 2026, Moi Corporation announced that it has received the funding of ¥921,525,000 by issuing 3,351,000 Common Shares at an issue price of ¥275. Reported Earnings • Jun 11
First quarter 2027 earnings released: EPS: JP¥4.44 (vs JP¥3.87 in 1Q 2026) First quarter 2027 results: EPS: JP¥4.44 (up from JP¥3.87 in 1Q 2026). Revenue: JP¥1.61b (flat on 1Q 2026). Net income: JP¥62.0m (up 15% from 1Q 2026). Profit margin: 3.9% (up from 3.4% in 1Q 2026). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥487, the stock trades at a trailing P/E ratio of 67.3x. Average trailing P/E is 17x in the Software industry in Japan. Total returns to shareholders of 45% over the past three years. New Risk • May 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 9.6% 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 (9.6% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥4.99b market cap, or US$31.4m). Announcement • May 20
Moi Corporation announced that it expects to receive ¥921.525 million in funding from SBI Holdings, Inc. Moi Corporation announced private placement to issue 3,351,000 common shares at an issue price of ¥275 for gross proceeds of ¥921,525,000 on May 19, 2026. The transaction includes participation from SBI Holdings, Inc. The company will issue shares by third party allotment. The transaction is approved by board of directors of the company and is expected to close on June 4, 2026, to July 31, 2026. Post closing the investor will hold will be 3,534,400 shares (35,344 voting rights) that represents 20.41% STAKE of the 17,317,000 shares (13,966,000 shares total outstanding shares as of January 31, 2026, and 3,351,000 shares added by this third-party allocation. Post issuance SBI Holdings, Inc. The estimated net proceeds to be raised are ¥896,525,000 and the estimated issuance expenses are ¥25,000,000 that includes advisory fees (including attorney fees), registration-related fees, and fees for preparing securities registration statements, etc. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to JP¥357, the stock trades at a trailing P/E ratio of 49.4x. Average trailing P/E is 17x in the Software industry in Japan. Total returns to shareholders of 2.0% over the past three years. Reported Earnings • Mar 12
Full year 2026 earnings released: EPS: JP¥7.23 (vs JP¥1.93 in FY 2025) Full year 2026 results: EPS: JP¥7.23 (up from JP¥1.93 in FY 2025). Revenue: JP¥6.69b (up 1.5% from FY 2025). Net income: JP¥101.0m (up 274% from FY 2025). Profit margin: 1.5% (up from 0.4% in FY 2025). Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Mar 11
Moi Corporation, Annual General Meeting, Apr 23, 2026 Moi Corporation, Annual General Meeting, Apr 23, 2026. New Risk • Jan 29
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 8.7% 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 (8.7% average weekly change). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.09% net profit margin). Market cap is less than US$100m (JP¥4.06b market cap, or US$26.5m). Reported Earnings • Dec 16
Third quarter 2026 earnings released: EPS: JP¥4.73 (vs JP¥3.15 in 3Q 2025) Third quarter 2026 results: EPS: JP¥4.73 (up from JP¥3.15 in 3Q 2025). Revenue: JP¥1.65b (flat on 3Q 2025). Net income: JP¥66.0m (up 50% from 3Q 2025). Profit margin: 4.0% (up from 2.7% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. New Risk • Dec 10
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 6.7% 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: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (JP¥4.19b market cap, or US$26.7m). Announcement • Oct 24
Moi Corporation to Report Q3, 2026 Results on Dec 10, 2025 Moi Corporation announced that they will report Q3, 2026 results on Dec 10, 2025 New Risk • Sep 17
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 5.0% 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 (5.0% average weekly change). Market cap is less than US$100m (JP¥3.87b market cap, or US$26.4m). Reported Earnings • Sep 13
Second quarter 2026 earnings released: EPS: JP¥1.00 (vs JP¥4.80 in 2Q 2025) Second quarter 2026 results: EPS: JP¥1.00 (down from JP¥4.80 in 2Q 2025). Revenue: JP¥1.70b (flat on 2Q 2025). Net income: JP¥14.0m (down 79% from 2Q 2025). Profit margin: 0.8% (down from 4.0% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 23% per year, which means it is performing significantly worse than earnings. Announcement • Jul 10
Moi Corporation to Report Q2, 2026 Results on Sep 10, 2025 Moi Corporation announced that they will report Q2, 2026 results on Sep 10, 2025 Reported Earnings • Jun 12
First quarter 2026 earnings released: EPS: JP¥3.87 (vs JP¥3.15 in 1Q 2025) First quarter 2026 results: EPS: JP¥3.87 (up from JP¥3.15 in 1Q 2025). Revenue: JP¥1.61b (up 1.9% from 1Q 2025). Net income: JP¥54.0m (up 23% from 1Q 2025). Profit margin: 3.4% (up from 2.8% in 1Q 2025). Announcement • Apr 10
Moi Corporation to Report Q1, 2026 Results on Jun 11, 2025 Moi Corporation announced that they will report Q1, 2026 results on Jun 11, 2025 New Risk • Mar 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.4% Last year net profit margin: 3.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (JP¥4.01b market cap, or US$27.0m). Reported Earnings • Mar 13
Full year 2025 earnings released: EPS: JP¥1.93 (vs JP¥13.89 in FY 2024) Full year 2025 results: EPS: JP¥1.93 (down from JP¥13.89 in FY 2024). Revenue: JP¥6.59b (up 2.5% from FY 2024). Net income: JP¥27.0m (down 86% from FY 2024). Profit margin: 0.4% (down from 3.0% in FY 2024). Announcement • Mar 12
Moi Corporation, Annual General Meeting, Apr 24, 2025 Moi Corporation, Annual General Meeting, Apr 24, 2025. Announcement • Jan 29
Moi Corporation to Report Fiscal Year 2025 Results on Mar 12, 2025 Moi Corporation announced that they will report fiscal year 2025 results on Mar 12, 2025 New Risk • Dec 17
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 Share price has been volatile over the past 3 months (5.1% average weekly change). Market cap is less than US$100m (JP¥3.66b market cap, or US$23.7m). Reported Earnings • Dec 13
Third quarter 2025 earnings released: EPS: JP¥3.15 (vs JP¥1.07 in 3Q 2024) Third quarter 2025 results: EPS: JP¥3.15 (up from JP¥1.07 in 3Q 2024). Revenue: JP¥1.66b (up 2.3% from 3Q 2024). Net income: JP¥44.0m (up 193% from 3Q 2024). Profit margin: 2.7% (up from 0.9% in 3Q 2024). Announcement • Oct 11
Moi Corporation to Report Q3, 2025 Results on Dec 11, 2024 Moi Corporation announced that they will report Q3, 2025 results on Dec 11, 2024 Reported Earnings • Sep 15
Second quarter 2025 earnings released: EPS: JP¥4.80 (vs JP¥3.65 in 2Q 2024) Second quarter 2025 results: EPS: JP¥4.80 (up from JP¥3.65 in 2Q 2024). Revenue: JP¥1.69b (up 5.8% from 2Q 2024). Net income: JP¥67.0m (up 31% from 2Q 2024). Profit margin: 4.0% (up from 3.2% in 2Q 2024). The increase in margin was driven by higher revenue. New Risk • Aug 05
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 9.8% 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 (9.8% average weekly change). Minor Risk Market cap is less than US$100m (JP¥2.54b market cap, or US$17.9m). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 35% After last week's 35% share price decline to JP¥182, the stock trades at a trailing P/E ratio of 12.9x. Average trailing P/E is 20x in the Software industry in Japan. Total loss to shareholders of 47% over the past year. Announcement • Jul 18
Moi Corporation to Report Q2, 2025 Results on Sep 11, 2024 Moi Corporation announced that they will report Q2, 2025 results on Sep 11, 2024 Reported Earnings • Jun 17
First quarter 2025 earnings released: EPS: JP¥3.15 (vs JP¥2.94 in 1Q 2024) First quarter 2025 results: EPS: JP¥3.15 (up from JP¥2.94 in 1Q 2024). Revenue: JP¥1.58b (down 1.7% from 1Q 2024). Net income: JP¥44.0m (up 7.3% from 1Q 2024). Profit margin: 2.8% (up from 2.6% in 1Q 2024). The increase in margin was driven by lower expenses. Announcement • Apr 29
Moi Corporation to Report Q1, 2025 Results on Jun 13, 2024 Moi Corporation announced that they will report Q1, 2025 results on Jun 13, 2024 Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥250, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 24x in the Software industry in Japan. Total loss to shareholders of 24% over the past year. Announcement • Mar 16
Moi Corporation, Annual General Meeting, Apr 25, 2024 Moi Corporation, Annual General Meeting, Apr 25, 2024. Reported Earnings • Mar 14
Full year 2024 earnings released: EPS: JP¥13.89 (vs JP¥3.94 in FY 2023) Full year 2024 results: EPS: JP¥13.89 (up from JP¥3.94 in FY 2023). Revenue: JP¥6.43b (down 2.6% from FY 2023). Net income: JP¥194.0m (up 266% from FY 2023). Profit margin: 3.0% (up from 0.8% in FY 2023). The increase in margin was driven by lower expenses. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥305, the stock trades at a trailing P/E ratio of 22.2x. Average trailing P/E is 24x in the Software industry in Japan. Total loss to shareholders of 27% over the past year. Buy Or Sell Opportunity • Mar 04
Now 23% overvalued Over the last 90 days, the stock has fallen 13% to JP¥282. The fair value is estimated to be JP¥230, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.2% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Jan 18
Moi Corporation to Report Fiscal Year 2024 Results on Mar 13, 2024 Moi Corporation announced that they will report fiscal year 2024 results on Mar 13, 2024 Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥263, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 22x in the Software industry in Japan. Total loss to shareholders of 27% over the past year. Reported Earnings • Dec 15
Third quarter 2024 earnings released: EPS: JP¥1.07 (vs JP¥6.89 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥1.07 (up from JP¥6.89 loss in 3Q 2023). Revenue: JP¥1.62b (down 6.9% from 3Q 2023). Net income: JP¥15.0m (up JP¥110.0m from 3Q 2023). Profit margin: 0.9% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Announcement • Oct 18
Moi Corporation to Report Q3, 2024 Results on Dec 13, 2023 Moi Corporation announced that they will report Q3, 2024 results on Dec 13, 2023 Reported Earnings • Sep 16
Second quarter 2024 earnings released: EPS: JP¥3.65 (vs JP¥6.89 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥3.65 (up from JP¥6.89 loss in 2Q 2023). Revenue: JP¥1.60b (down 8.2% from 2Q 2023). Net income: JP¥51.0m (up JP¥146.0m from 2Q 2023). Profit margin: 3.2% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Announcement • Jul 06
Moi Corporation to Report Q2, 2024 Results on Sep 13, 2023 Moi Corporation announced that they will report Q2, 2024 results on Sep 13, 2023 Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥397, the stock trades at a trailing P/E ratio of 74.9x. Average trailing P/E is 24x in the Software industry in Japan. Total loss to shareholders of 26% over the past year. Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥331, the stock trades at a trailing P/E ratio of 71.8x. Average trailing P/E is 22x in the Software industry in Japan. Announcement • Jan 20
Moi Corporation to Report Fiscal Year 2023 Results on Mar 13, 2023 Moi Corporation announced that they will report fiscal year 2023 results on Mar 13, 2023 Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥349, the stock trades at a trailing P/E ratio of 75.2x. Average trailing P/E is 23x in the Software industry in Japan. 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. 3 experienced directors. No highly experienced directors. No independent directors (3 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. Valuation Update With 7 Day Price Move • Oct 27
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥583, the stock trades at a trailing P/E ratio of 32.7x. Average trailing P/E is 24x in the Software industry in Japan. Announcement • Oct 20
Moi Corporation to Report Q3, 2023 Results on Dec 13, 2022 Moi Corporation announced that they will report Q3, 2023 results on Dec 13, 2022 Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥558, the stock trades at a trailing P/E ratio of 31.3x. Average trailing P/E is 23x in the Software industry in Japan. Buying Opportunity • Aug 12
Now 22% undervalued Over the last 90 days, the stock is up 4.1%. The fair value is estimated to be JP¥938, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment improved over the past week After last week's 22% share price gain to JP¥834, the stock trades at a trailing P/E ratio of 46.7x. Average trailing P/E is 24x in the Software industry in Japan. Buying Opportunity • Jul 26
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 28%. The fair value is estimated to be JP¥941, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Valuation Update With 7 Day Price Move • Jul 14
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥590, the stock trades at a trailing P/E ratio of 33x. Average trailing P/E is 23x in the Software industry in Japan. Announcement • May 18
Moi Corporation to Report Q1, 2023 Results on Jun 10, 2022 Moi Corporation announced that they will report Q1, 2023 results on Jun 10, 2022 Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.