Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,246, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 14x in the IT industry in Japan. Total loss to shareholders of 10% over the past year. New Risk • Jun 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 7.1% 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 (7.1% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (JP¥10.3b market cap, or US$64.5m). Reported Earnings • May 20
Third quarter 2026 earnings released: EPS: JP¥4.40 (vs JP¥32.94 in 3Q 2025) Third quarter 2026 results: EPS: JP¥4.40 (down from JP¥32.94 in 3Q 2025). Revenue: JP¥636.0m (up 1.8% from 3Q 2025). Net income: JP¥21.0m (down 87% from 3Q 2025). Profit margin: 3.3% (down from 25% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,081, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 14x in the IT industry in Japan. Total loss to shareholders of 12% over the past year. Reported Earnings • Feb 18
Second quarter 2026 earnings released: EPS: JP¥22.51 (vs JP¥2.96 in 2Q 2025) Second quarter 2026 results: EPS: JP¥22.51 (up from JP¥2.96 in 2Q 2025). Revenue: JP¥713.0m (up 61% from 2Q 2025). Net income: JP¥107.0m (up JP¥93.0m from 2Q 2025). Profit margin: 15% (up from 3.2% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the IT industry in Japan. Announcement • Nov 29
GRID Inc. to Report Q2, 2026 Results on Feb 16, 2026 GRID Inc. announced that they will report Q2, 2026 results on Feb 16, 2026 New Risk • Nov 14
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 9.3% 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 (9.3% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (14% net profit margin). Market cap is less than US$100m (JP¥14.2b market cap, or US$91.8m). Buy Or Sell Opportunity • Nov 14
Now 33% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to JP¥2,971. The fair value is estimated to be JP¥2,234, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Buy Or Sell Opportunity • Oct 22
Now 24% overvalued after recent price rise Over the last 90 days, the stock has risen 9.8% to JP¥2,713. The fair value is estimated to be JP¥2,185, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Buy Or Sell Opportunity • Oct 06
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 6.3% to JP¥2,728. The fair value is estimated to be JP¥2,170, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Buy Or Sell Opportunity • Sep 16
Now 24% overvalued The stock has been flat over the last 90 days, currently trading at JP¥2,691. The fair value is estimated to be JP¥2,172, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 27% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Announcement • Sep 02
GRID Inc. to Report Q1, 2026 Results on Nov 14, 2025 GRID Inc. announced that they will report Q1, 2026 results on Nov 14, 2025 New Risk • Aug 16
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: 14% Last year net profit margin: 24% 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 Share price has been volatile over the past 3 months (6.7% average weekly change). Profit margins are more than 30% lower than last year (14% net profit margin). Market cap is less than US$100m (JP¥11.7b market cap, or US$79.4m). Reported Earnings • Aug 16
Full year 2025 earnings released: EPS: JP¥62.96 (vs JP¥86.54 in FY 2024) Full year 2025 results: EPS: JP¥62.96 (down from JP¥86.54 in FY 2024). Revenue: JP¥2.06b (up 25% from FY 2024). Net income: JP¥298.0m (down 26% from FY 2024). Profit margin: 14% (down from 24% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the IT industry in Japan. Announcement • Aug 14
GRID Inc., Annual General Meeting, Sep 24, 2025 GRID Inc., Annual General Meeting, Sep 24, 2025. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. No highly experienced directors. Independent Outside Director Sumiko Takeuchi was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Buy Or Sell Opportunity • Jul 24
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥2,463. The fair value is estimated to be JP¥2,027, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to decline by 34% in the next 2 years. Buy Or Sell Opportunity • Jul 04
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to JP¥2,466. The fair value is estimated to be JP¥2,042, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 29% in 2 years. Earnings are forecast to decline by 34% in the next 2 years. New Risk • Jun 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 11% 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 11% per year for the foreseeable future. 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¥14.1b market cap, or US$98.1m). Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,995, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 19x in the IT industry in Japan. Total returns to shareholders of 18% over the past year. Buy Or Sell Opportunity • May 27
Now 21% overvalued Over the last 90 days, the stock has fallen 6.1% to JP¥2,507. The fair value is estimated to be JP¥2,065, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 43%. Revenue is forecast to grow by 57% in 2 years. Earnings are forecast to decline by 6.3% in the next 2 years. Reported Earnings • May 21
Third quarter 2025 earnings released: EPS: JP¥32.94 (vs JP¥17.07 in 3Q 2024) Third quarter 2025 results: EPS: JP¥32.94 (up from JP¥17.07 in 3Q 2024). Revenue: JP¥625.0m (up 52% from 3Q 2024). Net income: JP¥156.0m (up 95% from 3Q 2024). Profit margin: 25% (up from 19% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the IT industry in Japan. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,298, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 17x in the IT industry in Japan. Total loss to shareholders of 26% over the past year. Announcement • Mar 29
GRID Inc. to Report Q3, 2025 Results on May 15, 2025 GRID Inc. announced that they will report Q3, 2025 results on May 15, 2025 Reported Earnings • Feb 16
Second quarter 2025 earnings released: EPS: JP¥2.96 (vs JP¥17.07 in 2Q 2024) Second quarter 2025 results: EPS: JP¥2.96 (down from JP¥17.07 in 2Q 2024). Revenue: JP¥442.0m (up 7.3% from 2Q 2024). Net income: JP¥14.0m (down 83% from 2Q 2024). Profit margin: 3.2% (down from 19% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the IT industry in Japan. Announcement • Jan 17
GRID Inc. to Report Q2, 2025 Results on Feb 14, 2025 GRID Inc. announced that they will report Q2, 2025 results on Feb 14, 2025 Buy Or Sell Opportunity • Nov 06
Now 21% undervalued Over the last 90 days, the stock has risen 63% to JP¥2,512. The fair value is estimated to be JP¥3,197, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 24% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Valuation Update With 7 Day Price Move • Oct 17
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥3,520, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 18x in the IT industry in Japan. Total returns to shareholders of 16% over the past year. Reported Earnings • Oct 03
Full year 2024 earnings released: EPS: JP¥86.54 (vs JP¥62.71 in FY 2023) Full year 2024 results: EPS: JP¥86.54 (up from JP¥62.71 in FY 2023). Revenue: JP¥1.65b (up 22% from FY 2023). Net income: JP¥403.0m (up 77% from FY 2023). Profit margin: 24% (up from 17% in FY 2023). The increase in margin was driven by higher revenue. Buy Or Sell Opportunity • Sep 30
Now 21% undervalued Over the last 90 days, the stock has risen 4.3% to JP¥2,541. The fair value is estimated to be JP¥3,212, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Sep 11
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at JP¥2,586. The fair value is estimated to be JP¥3,249, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 25% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Aug 28
GRID Inc. to Report Q1, 2025 Results on Nov 14, 2024 GRID Inc. announced that they will report Q1, 2025 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥2,205, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 17x in the IT industry in Japan. Total loss to shareholders of 40% over the past year. Announcement • Aug 15
GRID Inc., Annual General Meeting, Sep 26, 2024 GRID Inc., Annual General Meeting, Sep 26, 2024. Announcement • Jul 07
GRID Inc. to Report Fiscal Year 2024 Results on Aug 14, 2024 GRID Inc. announced that they will report fiscal year 2024 results on Aug 14, 2024 New Risk • May 21
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: 2.8% Last year net profit margin: 16% 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: Major Risk Share price has been highly volatile over the past 3 months (9.3% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (2.8% net profit margin). Market cap is less than US$100m (JP¥13.0b market cap, or US$83.1m). New Risk • Apr 16
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. 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 (9.9% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (JP¥14.6b market cap, or US$94.7m). Buy Or Sell Opportunity • Apr 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.1% to JP¥3,070. The fair value is estimated to be JP¥3,872, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last year. Earnings per share has grown by 151%. Revenue is forecast to grow by 70% in 2 years. Earnings are forecast to grow by 94% in the next 2 years. Announcement • Apr 03
GRID Inc. to Report Q3, 2024 Results on May 15, 2024 GRID Inc. announced that they will report Q3, 2024 results on May 15, 2024 New Risk • Apr 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.1b (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: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Market cap is less than US$100m (JP¥15.1b market cap, or US$99.8m). Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥3,680, the stock trades at a forward P/E ratio of 59x. Average forward P/E is 18x in the IT industry in Japan. Buy Or Sell Opportunity • Mar 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 64% to JP¥4,600. The fair value is estimated to be JP¥3,811, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last year. Earnings per share has grown by 151%. Revenue is forecast to grow by 70% in 2 years. Earnings are forecast to grow by 94% in the next 2 years. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥3,580, the stock trades at a forward P/E ratio of 57x. Average forward P/E is 18x in the IT industry in Japan. New Risk • Jan 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.7b (US$99.1m) 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 (12% average weekly change). Minor Risk Market cap is less than US$100m (JP¥14.7b market cap, or US$99.1m). Announcement • Jan 21
GRID Inc. to Report Q2, 2024 Results on Feb 14, 2024 GRID Inc. announced that they will report Q2, 2024 results on Feb 14, 2024 Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥3,060, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 18x in the IT industry in Japan. Buying Opportunity • Dec 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 17%. The fair value is estimated to be JP¥3,432, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last year. Earnings per share has grown by 151%. Revenue is forecast to grow by 70% in 2 years. Earnings is forecast to grow by 94% in the next 2 years. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥2,321, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 18x in the IT industry in Japan. Buying Opportunity • Nov 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be JP¥3,590, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last year. Earnings per share has grown by 151%. Revenue is forecast to grow by 70% in 2 years. Earnings is forecast to grow by 94% in the next 2 years. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥2,629, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 18x in the IT industry in Japan. Buying Opportunity • Oct 26
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 26%. The fair value is estimated to be JP¥3,665, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 49% over the last year. Earnings per share has grown by 151%. Revenue is forecast to grow by 70% in 2 years. Earnings is forecast to grow by 94% in the next 2 years. Announcement • Oct 08
GRID Inc. to Report Q1, 2024 Results on Nov 14, 2023 GRID Inc. announced that they will report Q1, 2024 results on Nov 14, 2023 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥3,540, the stock trades at a forward P/E ratio of 56x. Average forward P/E is 17x in the IT industry in Japan. Reported Earnings • Aug 16
Full year 2023 earnings released: EPS: JP¥62.71 (vs JP¥25.03 in FY 2022) Full year 2023 results: EPS: JP¥62.71 (up from JP¥25.03 in FY 2022). Revenue: JP¥1.35b (up 49% from FY 2022). Net income: JP¥228.0m (up 151% from FY 2022). Profit margin: 17% (up from 10.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 26% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the IT industry in Japan. Announcement • Jul 29
GRID Inc. to Report Fiscal Year 2023 Results on Aug 14, 2023 GRID Inc. announced that they will report fiscal year 2023 results on Aug 14, 2023 Board Change • Jul 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Director Sumiko Takeuchi was the last independent 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 • Jul 08
GRID Inc. has completed an IPO in the amount of ¥2.45672 billion. GRID Inc. has completed an IPO in the amount of ¥2.45672 billion.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 876,000
Price\Range: ¥2140
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 272,000
Price\Range: ¥2140