New Risk • Jan 27
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 8.3% 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 Risks Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risk Market cap is less than US$100m (JP¥7.34b market cap, or US$47.8m). Tillkännagivande • Jan 27
Headwaters Co.,Ltd (TSE:4011) entered into a merger agreement to acquire remaining 73.87% stake in BBD Initiative Inc. (TSE:5259) for ¥7.9 billion. Headwaters Co.,Ltd (TSE:4011) entered into a merger agreement to acquire remaining 73.87% stake in BBD Initiative Inc. (TSE:5259) for ¥7.9 billion on January 26, 2026. The consideration consists of 2.26 million common equity of Headwaters Co.,Ltd to be issued for common equity of BBD Initiative Inc. As part of consideration, 0.50 Headwaters shares will be allocated and delivered for each BBD Initiative share. Upon completion, Headwaters Co.,Ltd will own 100% stake in BBD Initiative Inc.
The transaction is subject to approval of offer by acquirer shareholders and approval of offer by target shareholders. The expected completion of the transaction is May 1, 2026. Tillkännagivande • Dec 09
BBD Initiative Inc. to Report Q1, 2026 Results on Feb 13, 2026 BBD Initiative Inc. announced that they will report Q1, 2026 results on Feb 13, 2026 Tillkännagivande • Nov 14
BBD Initiative Inc., Annual General Meeting, Dec 24, 2025 BBD Initiative Inc., Annual General Meeting, Dec 24, 2025. New Risk • Sep 29
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: Major Risk Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (5.1% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (JP¥10.5b market cap, or US$70.3m). Tillkännagivande • Sep 02
BBD Initiative Inc. to Report Fiscal Year 2025 Results on Nov 14, 2025 BBD Initiative Inc. announced that they will report fiscal year 2025 results on Nov 14, 2025 Tillkännagivande • Aug 28
Headwaters Co.,Ltd (TSE:4011) completed the acquisition of to acquire 26.1% stake in BBD Initiative Inc. (TSE:5259) from Tatsuro Kiyohara. Headwaters Co.,Ltd (TSE:4011) entered into agreement to acquire 26.1% stake in BBD Initiative Inc. (TSE:5259) from Tatsuro Kiyohara on August 14, 2025.
The expected completion of the transaction is August 29, 2025.
Headwaters Co.,Ltd (TSE:4011) completed the acquisition of to acquire 26.1% stake in BBD Initiative Inc. (TSE:5259) from Tatsuro Kiyohara August 27, 2025. Tillkännagivande • Jul 07
BBD Initiative Inc. to Report Q3, 2025 Results on Aug 14, 2025 BBD Initiative Inc. announced that they will report Q3, 2025 results on Aug 14, 2025 New Risk • Apr 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 16% 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 Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). Market cap is less than US$100m (JP¥6.20b market cap, or US$42.5m). Tillkännagivande • Mar 06
BBD Initiative Inc. to Report Q2, 2025 Results on May 14, 2025 BBD Initiative Inc. announced that they will report Q2, 2025 results on May 14, 2025 Tillkännagivande • Jan 03
BBD Initiative Inc. to Report Q1, 2025 Results on Feb 14, 2025 BBD Initiative Inc. announced that they will report Q1, 2025 results on Feb 14, 2025 Tillkännagivande • Nov 14
BBD Initiative Inc., Annual General Meeting, Dec 24, 2024 BBD Initiative Inc., Annual General Meeting, Dec 24, 2024. Tillkännagivande • Oct 11
BBD Initiative Inc. to Report Fiscal Year 2024 Results on Nov 14, 2024 BBD Initiative Inc. announced that they will report fiscal year 2024 results on Nov 14, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 31% After last week's 31% share price decline to JP¥632, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 20x in the Software industry in Japan. Total loss to shareholders of 19% over the past three years. New Risk • May 12
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended March 2023. This is considered a major 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. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported March 2023 fiscal period end). Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risks High level of debt (90% net debt to equity). Market cap is less than US$100m (JP¥4.33b market cap, or US$27.8m). Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥941, the stock trades at a trailing P/E ratio of 42.1x. Average trailing P/E is 24x in the Software industry in Japan. Total returns to shareholders of 10% over the past three years. Tillkännagivande • Mar 02
BBD Initiative Inc. to Report Q2, 2024 Results on May 14, 2024 BBD Initiative Inc. announced that they will report Q2, 2024 results on May 14, 2024 Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥683, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 23x in the Software industry in Japan. Total loss to shareholders of 6.6% over the past three years. Tillkännagivande • Dec 29
BBD Initiative Inc. to Report Q1, 2024 Results on Feb 14, 2024 BBD Initiative Inc. announced that they will report Q1, 2024 results on Feb 14, 2024 New Risk • Nov 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 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 (14% average weekly change). Minor Risks High level of debt (90% net debt to equity). Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Market cap is less than US$100m (JP¥3.17b market cap, or US$21.3m). Tillkännagivande • Nov 17
BBD Initiative Inc., Annual General Meeting, Dec 26, 2023 BBD Initiative Inc., Annual General Meeting, Dec 26, 2023. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥633, the stock trades at a trailing P/E ratio of 28.3x. Average trailing P/E is 21x in the Software industry in Japan. Total loss to shareholders of 31% over the past three years. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥517, the stock trades at a trailing P/E ratio of 23.1x. Average trailing P/E is 24x in the Software industry in Japan. Total loss to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment improves as stock rises 31% After last week's 31% share price gain to JP¥792, the stock trades at a trailing P/E ratio of 35.4x. Average trailing P/E is 25x in the Software industry in Japan. Total loss to shareholders of 6.3% over the past three years. Tillkännagivande • Sep 02
BBD Initiative Inc. to Report Fiscal Year 2023 Results on Nov 14, 2023 BBD Initiative Inc. announced that they will report fiscal year 2023 results on Nov 14, 2023 Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥625, the stock trades at a trailing P/E ratio of 27.9x. Average trailing P/E is 24x in the Software industry in Japan. Total loss to shareholders of 15% over the past three years. Tillkännagivande • May 28
BBD Initiative Inc. to Report Q3, 2023 Results on Aug 14, 2023 BBD Initiative Inc. announced that they will report Q3, 2023 results on Aug 14, 2023 Reported Earnings • Feb 20
First quarter 2023 earnings released: EPS: JP¥3.87 (vs JP¥6.39 in 1Q 2022) First quarter 2023 results: EPS: JP¥3.87 (down from JP¥6.39 in 1Q 2022). Revenue: JP¥857.0m (up 9.3% from 1Q 2022). Net income: JP¥20.0m (down 39% from 1Q 2022). Profit margin: 2.3% (down from 4.2% in 1Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Dec 27
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥22.67 (up from JP¥21.19 loss in FY 2021). Revenue: JP¥3.23b (up 28% from FY 2021). Net income: JP¥117.0m (up JP¥226.0m from FY 2021). Profit margin: 3.6% (up from net loss in FY 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Tillkännagivande • Dec 01
KnowledgeSuite Inc. to Report Q1, 2023 Results on Feb 14, 2023 KnowledgeSuite Inc. announced that they will report Q1, 2023 results on Feb 14, 2023 Tillkännagivande • Nov 16
KnowledgeSuite Inc., Annual General Meeting, Dec 21, 2022 KnowledgeSuite Inc., Annual General Meeting, Dec 21, 2022. Reported Earnings • Nov 16
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: JP¥22.67 (up from JP¥21.19 loss in FY 2021). Revenue: JP¥3.23b (up 28% from FY 2021). Net income: JP¥117.0m (up JP¥226.0m from FY 2021). Profit margin: 3.6% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Software industry in Japan. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Board Change • Nov 16
Less than half of directors are independent 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. 3 independent directors (4 non-independent directors). Director & Head of Corporate Business Unit Takashi Yanagisawa was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Sep 02
KnowledgeSuite Inc. to Report Fiscal Year 2022 Results on Nov 14, 2022 KnowledgeSuite Inc. announced that they will report fiscal year 2022 results on Nov 14, 2022 Reported Earnings • Aug 14
Third quarter 2022 earnings released: JP¥0.19 loss per share (vs JP¥10.46 loss in 3Q 2021) Third quarter 2022 results: JP¥0.19 loss per share (up from JP¥10.46 loss in 3Q 2021). Revenue: JP¥815.0m (up 35% from 3Q 2021). Net loss: JP¥1.00m (loss narrowed 98% from 3Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 14% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has fallen by 32% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jun 03
KnowledgeSuite Inc. to Report Q3, 2022 Results on Aug 12, 2022 KnowledgeSuite Inc. announced that they will report Q3, 2022 results on Aug 12, 2022 Board Change • Apr 27
Less than half of directors are independent 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. 3 independent directors (4 non-independent directors). Director & Head of Corporate Business Unit Takashi Yanagisawa was the last director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Tillkännagivande • Feb 27
KnowledgeSuite Inc. to Report Q2, 2022 Results on May 13, 2022 KnowledgeSuite Inc. announced that they will report Q2, 2022 results on May 13, 2022 Reported Earnings • Feb 16
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: JP¥6.39 (up from JP¥15.48 loss in 1Q 2021). Revenue: JP¥784.0m (up 40% from 1Q 2021). Net income: JP¥33.0m (up JP¥112.0m from 1Q 2021). Profit margin: 4.2% (up from net loss in 1Q 2021). Revenue was in line with analyst estimates. Reported Earnings • Dec 27
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: JP¥21.19 loss per share (down from JP¥1.18 loss in FY 2020). Revenue: JP¥2.52b (up 19% from FY 2020). Net loss: JP¥109.0m (loss widened JP¥103.0m from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 94 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 15
Full year 2021 earnings released: JP¥21.19 loss per share (vs JP¥1.18 loss in FY 2020) The company reported a soft full year result with increased losses and weaker control over costs, although revenues improved. Full year 2021 results: Revenue: JP¥2.52b (up 19% from FY 2020). Net loss: JP¥109.0m (loss widened JP¥103.0m from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Reported Earnings • May 17
Second quarter 2021 earnings released: EPS JP¥0.58 (vs JP¥5.71 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: JP¥602.0m (up 8.9% from 2Q 2020). Net income: JP¥3.00m (down 90% from 2Q 2020). Profit margin: 0.5% (down from 5.2% in 2Q 2020). The decrease in margin was driven by higher expenses. Tillkännagivande • Mar 05
KnowledgeSuite Inc. to Report Q2, 2021 Results on May 14, 2021 KnowledgeSuite Inc. announced that they will report Q2, 2021 results on May 14, 2021 Reported Earnings • Feb 14
First quarter 2021 earnings released: JP¥15.48 loss per share (vs JP¥15.47 profit in 1Q 2020) The company reported a soft first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: JP¥559.0m (up 2.9% from 1Q 2020). Net loss: JP¥79.0m (down 201% from profit in 1Q 2020). Is New 90 Day High Low • Feb 01
New 90-day low: JP¥879 The company is down 10.0% from its price of JP¥982 on 02 November 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Software industry, which is up 6.0% over the same period. Reported Earnings • Dec 27
Full year 2020 earnings released: JP¥1.18 loss per share The company reported a poor full year result with weaker earnings, revenues and control over expenses. Full year 2020 results: Revenue: JP¥2.12b (down 1.9% from FY 2019). Net loss: JP¥6.00m (down 133% from profit in FY 2019). Tillkännagivande • Nov 15
KnowledgeSuite Inc., Annual General Meeting, Dec 18, 2020 KnowledgeSuite Inc., Annual General Meeting, Dec 18, 2020. Tillkännagivande • Oct 04
KnowledgeSuite Inc. to Report Fiscal Year 2020 Results on Nov 13, 2020 KnowledgeSuite Inc. announced that they will report fiscal year 2020 results on Nov 13, 2020 Tillkännagivande • Jul 05
KnowledgeSuite Inc. to Report Q3, 2020 Results on Aug 14, 2020 KnowledgeSuite Inc. announced that they will report Q3, 2020 results on Aug 14, 2020