Valuation Update With 7 Day Price Move • Jun 16
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to JP¥1,229, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 12x in the Renewable Energy industry in Japan. Total returns to shareholders of 311% over the past three years. New Risk • Jun 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.5b (US$96.4m) 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 (15% average weekly change). Minor Risks High level of debt (68% net debt to equity). Market cap is less than US$100m (JP¥15.5b market cap, or US$96.4m). Reported Earnings • Jun 10
Full year 2026 earnings released: EPS: JP¥121 (vs JP¥22.37 in FY 2025) Full year 2026 results: EPS: JP¥121 (up from JP¥22.37 in FY 2025). Revenue: JP¥18.4b (up 58% from FY 2025). Net income: JP¥500.0m (up 82% from FY 2025). Profit margin: 2.7% (up from 2.4% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 09
GreenEnergy & Company Inc., Annual General Meeting, Jul 23, 2026 GreenEnergy & Company Inc., Annual General Meeting, Jul 23, 2026. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥1,853, the stock trades at a trailing P/E ratio of 47.9x. Average trailing P/E is 14x in the Renewable Energy industry in Japan. Total returns to shareholders of 579% over the past three years. Announcement • May 09
GreenEnergy & Company Inc. to Report Fiscal Year 2026 Results on Jun 09, 2026 GreenEnergy & Company Inc. announced that they will report fiscal year 2026 results on Jun 09, 2026 Buy Or Sell Opportunity • May 08
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 78% to JP¥1,488. The fair value is estimated to be JP¥1,143, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 13%. New Risk • Apr 28
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.7b (US$98.3m) 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 Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Market cap is less than US$100m (JP¥15.7b market cap, or US$98.3m). Upcoming Dividend • Apr 21
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 28 April 2026. Payment date: 27 July 2026. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%). Buy Or Sell Opportunity • Apr 16
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 70% to JP¥4,250. The fair value is estimated to be JP¥3,390, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 13%. Buy Or Sell Opportunity • Apr 01
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 71% to JP¥4,175. The fair value is estimated to be JP¥3,467, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has grown by 13%. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment improves as stock rises 32% After last week's 32% share price gain to JP¥4,035, the stock trades at a trailing P/E ratio of 34.8x. Average trailing P/E is 15x in the Renewable Energy industry in Japan. Total returns to shareholders of 494% over the past three years. Reported Earnings • Mar 11
Third quarter 2026 earnings released: EPS: JP¥33.23 (vs JP¥0.97 in 3Q 2025) Third quarter 2026 results: EPS: JP¥33.23 (up from JP¥0.97 in 3Q 2025). Revenue: JP¥3.98b (up 43% from 3Q 2025). Net income: JP¥137.0m (up JP¥133.0m from 3Q 2025). Profit margin: 3.4% (up from 0.1% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Mar 05
Now 28% overvalued after recent price rise Over the last 90 days, the stock has risen 42% to JP¥3,065. The fair value is estimated to be JP¥2,402, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 9.5%. New Risk • Feb 18
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 6.3% 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 Debt is not well covered by operating cash flow (13% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥12.6b market cap, or US$81.7m). Valuation Update With 7 Day Price Move • Feb 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥3,000, the stock trades at a trailing P/E ratio of 35.8x. Average trailing P/E is 13x in the Renewable Energy industry in Japan. Total returns to shareholders of 337% over the past three years. Buy Or Sell Opportunity • Feb 16
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 26% to JP¥2,710. The fair value is estimated to be JP¥2,244, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 9.5%. Reported Earnings • Dec 12
Second quarter 2026 earnings released: EPS: JP¥39.09 (vs JP¥23.45 in 2Q 2025) Second quarter 2026 results: EPS: JP¥39.09 (up from JP¥23.45 in 2Q 2025). Revenue: JP¥4.38b (up 53% from 2Q 2025). Net income: JP¥161.0m (up 68% from 2Q 2025). Profit margin: 3.7% (up from 3.3% in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 07
GreenEnergy & Company Inc. to Report Q2, 2026 Results on Dec 09, 2025 GreenEnergy & Company Inc. announced that they will report Q2, 2026 results on Dec 09, 2025 Reported Earnings • Sep 10
First quarter 2026 earnings released: JP¥2.43 loss per share (vs JP¥3.68 loss in 1Q 2025) First quarter 2026 results: JP¥2.43 loss per share (improved from JP¥3.68 loss in 1Q 2025). Revenue: JP¥2.81b (up 42% from 1Q 2025). Net loss: JP¥10.0m (loss narrowed 33% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 02
GreenEnergy & Company Inc. to Report Q1, 2026 Results on Sep 09, 2025 GreenEnergy & Company Inc. announced that they will report Q1, 2026 results on Sep 09, 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. 5 experienced directors. No highly experienced directors. Independent Outside Director Tetsuo Yamanaka 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. Announcement • Jul 02
GreenEnergy & Company Inc. announced that it has received ¥802.8818 million in funding from Simplex Capital Investment Co., Ltd. On June 30, 2025, GreenEnergy & Company Inc. closed the transaction. Announcement • Jun 13
GreenEnergy & Company Inc. announced that it expects to receive ¥802.8818 million in funding from Simplex Capital Investment Co., Ltd. GreenEnergy & Company Inc. announced a private placement to issue 1,800 7th stock acquisition rights at an issue price of ¥1,601 for gross proceeds of ¥2,881,800 on June 13, 2025. The transaction includes participation from new investor, Simplex Capital PIPEs Fund No. 1, a fund managed by Simplex Capital Investment Co., Ltd. The potential shares from issuance of stock acquisition right will be 180,000. The initial exercise price of stock acquisition right will be ¥2,284 for a exercise period from July 1, 2025 to July 1, 2030. The transaction will happen through third party allocation. The issue date will be June 30, 2025. The transaction has been approved at board of director meeting of the company.
On the same date, the company will also issue first series unsecured convertible bonds with 100 stock acquisition rights for gross proceeds of ¥800,000,000. The conversion price will be of ¥2,193. The bonds redemption period is July 1, 2030. The bonds will not bear interest. The transaction includes participation from new investor, Simplex Capital PIPEs Fund No. 1, a fund managed by Simplex Capital Investment Co., Ltd. The transaction will happen through third party allocation. The issue date will be June 30, 2025. The transaction has been approved at board of director meeting of the company. Reported Earnings • Jun 12
Full year 2025 earnings released: EPS: JP¥67.10 (vs JP¥80.97 in FY 2024) Full year 2025 results: EPS: JP¥67.10 (down from JP¥80.97 in FY 2024). Revenue: JP¥11.6b (up 20% from FY 2024). Net income: JP¥275.0m (down 17% from FY 2024). Profit margin: 2.4% (down from 3.4% in FY 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 10
GreenEnergy & Company Inc., Annual General Meeting, Jul 24, 2025 GreenEnergy & Company Inc., Annual General Meeting, Jul 24, 2025. Upcoming Dividend • Apr 21
Upcoming dividend of JP¥13.00 per share Eligible shareholders must have bought the stock before 28 April 2025. Payment date: 28 July 2025. Payout ratio is a comfortable 18% but the company is not cash flow positive. Trailing yield: 0.5%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (2.5%). 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¥2,443, the stock trades at a trailing P/E ratio of 36.6x. Average trailing P/E is 15x in the Renewable Energy industry in Asia. Total returns to shareholders of 198% over the past three years. Announcement • Apr 02
GreenEnergy & Company Inc. to Report Fiscal Year 2025 Results on Jun 10, 2025 GreenEnergy & Company Inc. announced that they will report fiscal year 2025 results on Jun 10, 2025 Reported Earnings • Mar 12
Third quarter 2025 earnings released: EPS: JP¥0.97 (vs JP¥7.36 in 3Q 2024) Third quarter 2025 results: EPS: JP¥0.97 (down from JP¥7.36 in 3Q 2024). Revenue: JP¥2.78b (up 46% from 3Q 2024). Net income: JP¥4.00m (down 87% from 3Q 2024). Profit margin: 0.1% (down from 1.6% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 06
GreenEnergy & Company Inc. to Report Q3, 2025 Results on Mar 10, 2025 GreenEnergy & Company Inc. announced that they will report Q3, 2025 results on Mar 10, 2025 Reported Earnings • Dec 13
Second quarter 2025 earnings released: EPS: JP¥23.45 (vs JP¥20.61 in 2Q 2024) Second quarter 2025 results: EPS: JP¥23.45 (up from JP¥20.61 in 2Q 2024). Revenue: JP¥2.87b (up 6.9% from 2Q 2024). Net income: JP¥96.0m (up 14% from 2Q 2024). Profit margin: 3.3% (up from 3.1% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 31
Now 21% undervalued Over the last 90 days, the stock has risen 2.8% to JP¥2,270. The fair value is estimated to be JP¥2,867, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last year, while earnings per share has been flat. Announcement • Oct 19
GreenEnergy & Company Inc. to Report Q2, 2025 Results on Dec 10, 2024 GreenEnergy & Company Inc. announced that they will report Q2, 2025 results on Dec 10, 2024 Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥2,850, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 30x in the Renewable Energy industry in Japan. Total returns to shareholders of 164% over the past three years. Reported Earnings • Sep 11
First quarter 2025 earnings released: JP¥3.68 loss per share (vs JP¥6.62 profit in 1Q 2024) First quarter 2025 results: JP¥3.68 loss per share (down from JP¥6.62 profit in 1Q 2024). Revenue: JP¥1.98b (up 1.9% from 1Q 2024). Net loss: JP¥15.0m (down 156% from profit in 1Q 2024). Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥1,936, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 34x in the Renewable Energy industry in Japan. Total returns to shareholders of 136% over the past three years. Announcement • Jul 04
GreenEnergy & Company to Report Q1, 2025 Results on Sep 09, 2024 GreenEnergy & Company announced that they will report Q1, 2025 results on Sep 09, 2024 Announcement • Jun 13
GreenEnergy & Company, Annual General Meeting, Jul 25, 2024 GreenEnergy & Company, Annual General Meeting, Jul 25, 2024. Reported Earnings • Jun 11
Full year 2024 earnings released: EPS: JP¥80.97 (vs JP¥79.25 in FY 2023) Full year 2024 results: EPS: JP¥80.97 (up from JP¥79.25 in FY 2023). Revenue: JP¥9.68b (up 9.3% from FY 2023). Net income: JP¥330.0m (up 2.2% from FY 2023). Profit margin: 3.4% (down from 3.6% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 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 6.9% 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 (6.9% average weekly change). Market cap is less than US$100m (JP¥4.36b market cap, or US$28.2m). Valuation Update With 7 Day Price Move • May 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥1,069, the stock trades at a trailing P/E ratio of 17.2x. Average trailing P/E is 21x in the Renewable Energy industry in Japan. Total returns to shareholders of 15% over the past three years. Upcoming Dividend • Apr 19
Upcoming dividend of JP¥12.00 per share Eligible shareholders must have bought the stock before 26 April 2024. Payment date: 29 July 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.3%). Lower than average of industry peers (3.3%). Announcement • Apr 03
Fit Corporation to Report Fiscal Year 2024 Results on Jun 10, 2024 Fit Corporation announced that they will report fiscal year 2024 results on Jun 10, 2024 Reported Earnings • Mar 12
Third quarter 2024 earnings released: EPS: JP¥7.36 (vs JP¥9.57 in 3Q 2023) Third quarter 2024 results: EPS: JP¥7.36 (down from JP¥9.57 in 3Q 2023). Revenue: JP¥1.91b (flat on 3Q 2023). Net income: JP¥30.0m (down 23% from 3Q 2023). Profit margin: 1.6% (down from 2.1% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Announcement • Jan 28
Fit Corporation to Report Q3, 2024 Results on Mar 11, 2024 Fit Corporation announced that they will report Q3, 2024 results on Mar 11, 2024 Reported Earnings • Dec 14
Second quarter 2024 earnings released: EPS: JP¥20.61 (vs JP¥27.97 in 2Q 2023) Second quarter 2024 results: EPS: JP¥20.61 (down from JP¥27.97 in 2Q 2023). Revenue: JP¥2.68b (up 9.7% from 2Q 2023). Net income: JP¥84.0m (down 26% from 2Q 2023). Profit margin: 3.1% (down from 4.7% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Announcement • Oct 05
Fit Corporation to Report Q2, 2024 Results on Dec 11, 2023 Fit Corporation announced that they will report Q2, 2024 results on Dec 11, 2023 New Risk • Sep 12
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.9% 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 (9.9% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (JP¥3.34b market cap, or US$22.7m). Reported Earnings • Sep 12
First quarter 2024 earnings released: EPS: JP¥6.62 (vs JP¥13.99 in 1Q 2023) First quarter 2024 results: EPS: JP¥6.62 (down from JP¥13.99 in 1Q 2023). Revenue: JP¥1.94b (down 5.3% from 1Q 2023). Net income: JP¥27.0m (down 53% from 1Q 2023). Profit margin: 1.4% (down from 2.8% in 1Q 2023). The decrease in margin was driven by lower revenue. Reported Earnings • Aug 02
Full year 2023 earnings released: EPS: JP¥79.25 (vs JP¥67.94 in FY 2022) Full year 2023 results: EPS: JP¥79.25 (up from JP¥67.94 in FY 2022). Revenue: JP¥8.85b (up 23% from FY 2022). Net income: JP¥323.0m (up 14% from FY 2022). Profit margin: 3.6% (down from 3.9% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • Jul 06
Fit Corporation to Report Q1, 2024 Results on Sep 11, 2023 Fit Corporation announced that they will report Q1, 2024 results on Sep 11, 2023 Announcement • Jun 14
Fit Corporation, Annual General Meeting, Jul 27, 2023 Fit Corporation, Annual General Meeting, Jul 27, 2023. Reported Earnings • Jun 13
Full year 2023 earnings released: EPS: JP¥79.25 (vs JP¥67.94 in FY 2022) Full year 2023 results: EPS: JP¥79.25 (up from JP¥67.94 in FY 2022). Revenue: JP¥8.85b (up 23% from FY 2022). Net income: JP¥323.0m (up 14% from FY 2022). Profit margin: 3.6% (down from 3.9% in FY 2022). The decrease in margin was driven by higher expenses. Upcoming Dividend • Apr 20
Upcoming dividend of JP¥10.00 per share at 1.1% yield Eligible shareholders must have bought the stock before 27 April 2023. Payment date: 31 July 2023. Payout ratio is a comfortable 21% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.8%). Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to JP¥920, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 16x in the Renewable Energy industry in Japan. Total returns to shareholders of 103% over the past three years. Reported Earnings • Mar 15
Third quarter 2023 earnings released: EPS: JP¥9.57 (vs JP¥7.48 in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.57 (up from JP¥7.48 in 3Q 2022). Revenue: JP¥1.90b (up 21% from 3Q 2022). Net income: JP¥39.0m (up 26% from 3Q 2022). Profit margin: 2.1% (up from 2.0% in 3Q 2022). The increase in margin was driven by higher revenue. Announcement • Jan 14
Fit Corporation to Report Q3, 2023 Results on Mar 13, 2023 Fit Corporation announced that they will report Q3, 2023 results on Mar 13, 2023 Reported Earnings • Dec 14
Second quarter 2023 earnings released: EPS: JP¥27.97 (vs JP¥7.48 in 2Q 2022) Second quarter 2023 results: EPS: JP¥27.97 (up from JP¥7.48 in 2Q 2022). Revenue: JP¥2.45b (up 56% from 2Q 2022). Net income: JP¥114.0m (up 268% from 2Q 2022). Profit margin: 4.7% (up from 2.0% in 2Q 2022). The increase in margin was driven by higher revenue. 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. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 26
Fit Corporation to Report Q2, 2023 Results on Dec 12, 2022 Fit Corporation announced that they will report Q2, 2023 results on Dec 12, 2022 Reported Earnings • Sep 14
First quarter 2023 earnings released: EPS: JP¥13.99 (vs JP¥13.37 in 1Q 2022) First quarter 2023 results: EPS: JP¥13.99 (up from JP¥13.37 in 1Q 2022). Revenue: JP¥2.05b (up 13% from 1Q 2022). Net income: JP¥57.0m (up 1.8% from 1Q 2022). Profit margin: 2.8% (down from 3.1% in 1Q 2022). The decrease in margin was driven by higher expenses. Announcement • Jul 06
Fit Corporation to Report Q1, 2023 Results on Sep 12, 2022 Fit Corporation announced that they will report Q1, 2023 results on Sep 12, 2022 Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment deteriorated over the past week After last week's 20% share price decline to JP¥712, the stock trades at a trailing P/E ratio of 10.3x. Average trailing P/E is 13x in the Renewable Energy industry in Japan. Total returns to shareholders of 37% over the past three years. Announcement • Jun 15
Fit Corporation, Annual General Meeting, Jul 28, 2022 Fit Corporation, Annual General Meeting, Jul 28, 2022. 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. 3 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 20
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 27 April 2022. Payment date: 30 July 2022. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.5%). Announcement • Apr 09
Fit Corporation to Report Fiscal Year 2022 Results on Jun 13, 2022 Fit Corporation announced that they will report fiscal year 2022 results on Jun 13, 2022 Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment improved over the past week After last week's 15% share price gain to JP¥975, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 20x in the Renewable Energy industry in Japan. Total returns to shareholders of 53% over the past three years. Announcement • Dec 29
Fit Corporation (TSE:1436) announces an Equity Buyback for 130,000 shares, representing 3.1% for ¥123.76 million. Fit Corporation (TSE:1436) announces a share repurchase program. Under the program, the company will repurchase 130,000 shares, representing 3.1% of its share capital, for ¥123.76 million. The shares will be repurchased at a price of ¥952 per share. The company will repurchase its shares in order to improve shareholder profits by improving capital efficiency and to carry out flexible capital policies such as M&A. The program will run until December 28, 2021. As of December 27, 2021, the company had 4,189,630 shares outstanding (excluding treasury shares) and 93,370 shares in treasury. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥937, the stock trades at a trailing P/E ratio of 24.7x. Average trailing P/E is 25x in the Renewable Energy industry in Japan. Total returns to shareholders of 64% over the past three years. Announcement • Nov 25
Fit Corporation (TSE:1436) agreed to acquire Plus one percent Co., Ltd. Fit Corporation (TSE:1436) along with Hiroshi Arai agreed to acquire Plus one percent Co., Ltd. on November 24, 2021. The consideration will be paid as price of approximately ¥400 million of common stock and conditional consideration (earn-out consideration) approximately ¥200 million (planned). Fit Corporation will acquire 500 shares of Plus one percent. Plus one reported net assets as approximately ¥130 million and total capital as approximately ¥850 million for the period end on August 2021. The transaction has been approved by the board of directors of Fit Corporation. The transaction is expected to close on November 30, 2021. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,161, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 28x in the Renewable Energy industry in Japan. Total returns to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 16% share price gain to JP¥962, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 24x in the Renewable Energy industry in Japan. Total returns to shareholders of 7.2% over the past three years. Valuation Update With 7 Day Price Move • Jun 21
Investor sentiment deteriorated over the past week After last week's 18% share price decline to JP¥864, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 24x in the Renewable Energy industry in Japan. Total loss to shareholders of 1.1% over the past three years. Reported Earnings • Jun 17
Full year 2021 earnings released: EPS JP¥37.82 (vs JP¥18.45 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥5.99b (up 27% from FY 2020). Net income: JP¥159.0m (up 101% from FY 2020). Profit margin: 2.7% (up from 1.7% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 1% per year. Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorated over the past week After last week's 16% share price decline to JP¥925, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 22x in the Renewable Energy industry in Japan. Total loss to shareholders of 9.9% over the past three years. Upcoming Dividend • Apr 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 April 2021. Payment date: 30 July 2021. Trailing yield: 0.8%. Lower than top quartile of Japanese dividend payers (2.8%). Lower than average of industry peers (2.7%). Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment deteriorated over the past week After last week's 15% share price decline to JP¥1,194, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 24x in the Renewable Energy industry in Japan. Total returns to shareholders of 7.6% over the past three years. Reported Earnings • Mar 16
Third quarter 2021 earnings released: EPS JP¥0.95 (vs JP¥3.04 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥1.42b (up 9.4% from 3Q 2020). Net income: JP¥4.00m (up JP¥17.0m from 3Q 2020). Profit margin: 0.3% (up from net loss in 3Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Jan 07
Fit Corporation to Report Q3, 2021 Results on Mar 15, 2021 Fit Corporation announced that they will report Q3, 2021 results on Mar 15, 2021 Is New 90 Day High Low • Jan 04
New 90-day high: JP¥1,635 The company is up 94% from its price of JP¥842 on 06 October 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 56% over the same period. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment improved over the past week After last week's 26% share price gain to JP¥1,635, the stock is trading at a trailing P/E ratio of 41.6x, up from the previous P/E ratio of 33x. This compares to an average P/E of 34x in the Renewable Energy industry in Japan. Total returns to shareholders over the past three years are 55%. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,300, the stock is trading at a trailing P/E ratio of 33.1x, up from the previous P/E ratio of 28.3x. This compares to an average P/E of 33x in the Renewable Energy industry in Japan. Total returns to shareholders over the past three years are 22%. Reported Earnings • Dec 16
Second quarter 2021 earnings released: EPS JP¥14.56 The company reported a soft second quarter result with weaker earnings and profit margins, although revenues were improved. Second quarter 2021 results: Revenue: JP¥1.76b (up 25% from 2Q 2020). Net income: JP¥61.0m (down 67% from 2Q 2020). Profit margin: 3.5% (down from 13% in 2Q 2020). The decrease in margin was driven by higher expenses. Is New 90 Day High Low • Dec 01
New 90-day high: JP¥1,496 The company is up 112% from its price of JP¥706 on 02 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Renewable Energy industry, which is up 27% over the same period. Valuation Update With 7 Day Price Move • Dec 01
Market bids up stock over the past week After last week's 25% share price gain to JP¥1,496, the stock is trading at a trailing P/E ratio of 22.1x, up from the previous P/E ratio of 17.7x. This compares to an average P/E of 24x in the Renewable Energy industry in Japan. Total returns to shareholders over the past three years are 23%.