Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to JP¥848, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 13x in the Professional Services industry in Japan. Total loss to shareholders of 9.5% over the past three years. Reported Earnings • Jul 29
Third quarter 2026 earnings released: EPS: JP¥15.69 (vs JP¥10.82 in 3Q 2025) Third quarter 2026 results: EPS: JP¥15.69 (up from JP¥10.82 in 3Q 2025). Revenue: JP¥1.58b (up 22% from 3Q 2025). Net income: JP¥200.0m (up 45% from 3Q 2025). Profit margin: 13% (up from 11% 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 130% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 29
Second quarter 2026 earnings released: EPS: JP¥15.13 (vs JP¥11.21 in 2Q 2025) Second quarter 2026 results: EPS: JP¥15.13 (up from JP¥11.21 in 2Q 2025). Revenue: JP¥1.35b (up 26% from 2Q 2025). Net income: JP¥192.9m (up 35% from 2Q 2025). Profit margin: 14% (in line with 2Q 2025). Over the last 3 years on average, earnings per share has increased by 133% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Buy Or Sell Opportunity • Apr 27
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 8.2% to JP¥890. The fair value is estimated to be JP¥1,147, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Meanwhile, the company has become profitable. Duyuru • Apr 21
Makuake, Inc. to Report Q2, 2026 Results on Apr 28, 2026 Makuake, Inc. announced that they will report Q2, 2026 results on Apr 28, 2026 Buy Or Sell Opportunity • Mar 30
Now 24% undervalued Over the last 90 days, the stock has risen 6.2% to JP¥889. The fair value is estimated to be JP¥1,169, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Meanwhile, the company has become profitable. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥986, the stock trades at a trailing P/E ratio of 21.2x. Average trailing P/E is 13x in the Professional Services industry in Japan. Total loss to shareholders of 24% over the past three years. Buy Or Sell Opportunity • Feb 16
Now 21% undervalued Over the last 90 days, the stock has risen 28% to JP¥957. The fair value is estimated to be JP¥1,206, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.8% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Jan 28
First quarter 2026 earnings released: EPS: JP¥22.75 (vs JP¥8.17 in 1Q 2025) First quarter 2026 results: EPS: JP¥22.75 (up from JP¥8.17 in 1Q 2025). Revenue: JP¥1.46b (up 49% from 1Q 2025). Net income: JP¥290.0m (up 179% from 1Q 2025). Profit margin: 20% (up from 11% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥977, the stock trades at a trailing P/E ratio of 30.6x. Average trailing P/E is 14x in the Professional Services industry in Japan. Total loss to shareholders of 37% over the past three years. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥908, the stock trades at a trailing P/E ratio of 28.4x. Average trailing P/E is 14x in the Professional Services industry in Japan. Total loss to shareholders of 29% over the past three years. Duyuru • Nov 14
Makuake, Inc. to Report Q3, 2026 Results on Jul 28, 2026 Makuake, Inc. announced that they will report Q3, 2026 results on Jul 28, 2026 Reported Earnings • Oct 30
Full year 2025 earnings released: EPS: JP¥31.93 (vs JP¥8.11 loss in FY 2024) Full year 2025 results: EPS: JP¥31.93 (up from JP¥8.11 loss in FY 2024). Revenue: JP¥4.58b (up 25% from FY 2024). Net income: JP¥407.0m (up JP¥510.0m from FY 2024). Profit margin: 8.9% (up from net loss in FY 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. New Risk • Oct 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 10% 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 (10% average weekly change). Minor Risk Market cap is less than US$100m (JP¥9.33b market cap, or US$61.3m). Valuation Update With 7 Day Price Move • Oct 29
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to JP¥730, the stock trades at a trailing P/E ratio of 21x. Average trailing P/E is 16x in the Professional Services industry in Japan. Total loss to shareholders of 43% over the past three years. Duyuru • Oct 28
Makuake, Inc., Annual General Meeting, Dec 11, 2025 Makuake, Inc., Annual General Meeting, Dec 11, 2025. Duyuru • Aug 29
Makuake, Inc. to Report Fiscal Year 2025 Results on Oct 28, 2025 Makuake, Inc. announced that they will report fiscal year 2025 results on Oct 28, 2025 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,136, the stock trades at a trailing P/E ratio of 32.6x. Average trailing P/E is 16x in the Professional Services industry in Japan. Total loss to shareholders of 38% over the past three years. Reported Earnings • Jul 30
Third quarter 2025 earnings released: EPS: JP¥10.83 (vs JP¥6.70 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥10.83 (up from JP¥6.70 loss in 3Q 2024). Revenue: JP¥1.30b (up 49% from 3Q 2024). Net income: JP¥138.0m (up JP¥223.2m from 3Q 2024). Profit margin: 11% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. New Risk • Jun 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 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.5% average weekly change). High level of non-cash earnings (197% accrual ratio). Minor Risk Market cap is less than US$100m (JP¥10.9b market cap, or US$76.1m). Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥861, the stock trades at a trailing P/E ratio of 49.9x. Average trailing P/E is 16x in the Professional Services industry in Japan. Total loss to shareholders of 57% over the past three years. New Risk • May 21
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 197% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (197% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.3% average weekly change). Market cap is less than US$100m (JP¥9.03b market cap, or US$62.8m). New Risk • Apr 23
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 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (JP¥9.87b market cap, or US$69.5m). Reported Earnings • Apr 23
Second quarter 2025 earnings released: EPS: JP¥11.21 (vs JP¥5.51 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥11.21 (up from JP¥5.51 loss in 2Q 2024). Revenue: JP¥1.07b (up 29% from 2Q 2024). Net income: JP¥142.9m (up JP¥212.9m from 2Q 2024). Profit margin: 13% (up from net loss in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Feb 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 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). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥7.01b market cap, or US$45.2m). Reported Earnings • Jan 29
First quarter 2025 earnings released: EPS: JP¥8.16 (vs JP¥0.47 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥8.16 (up from JP¥0.47 loss in 1Q 2024). Revenue: JP¥980.0m (down 4.8% from 1Q 2024). Net income: JP¥104.0m (up JP¥110.0m from 1Q 2024). Profit margin: 11% (up from net loss in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 37% per year, which means it is significantly lagging earnings. New Risk • Nov 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.9% 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: Major Risk Earnings have declined by 46% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Market cap is less than US$100m (JP¥6.47b market cap, or US$41.8m). Reported Earnings • Oct 31
Full year 2024 earnings released: JP¥8.11 loss per share (vs JP¥38.97 loss in FY 2023) Full year 2024 results: JP¥8.11 loss per share (improved from JP¥38.97 loss in FY 2023). Revenue: JP¥3.65b (down 4.1% from FY 2023). Net loss: JP¥103.0m (loss narrowed 79% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 52% per year, which means it is performing significantly worse than earnings. Duyuru • Aug 29
Makuake, Inc. to Report Fiscal Year 2024 Results on Oct 29, 2024 Makuake, Inc. announced that they will report fiscal year 2024 results on Oct 29, 2024 New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 54% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (6.2% average weekly change). Market cap is less than US$100m (JP¥5.21b market cap, or US$36.6m). Reported Earnings • Aug 01
Third quarter 2024 earnings released: JP¥6.77 loss per share (vs JP¥6.58 loss in 3Q 2023) Third quarter 2024 results: JP¥6.77 loss per share (further deteriorated from JP¥6.58 loss in 3Q 2023). Revenue: JP¥871.0m (down 12% from 3Q 2023). Net loss: JP¥86.0m (loss widened 3.6% from 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has fallen by 51% per year, which means it is performing significantly worse than earnings. New Risk • May 03
New major risk - Revenue and earnings growth Earnings have declined by 62% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 have declined by 62% per year over the past 5 years. 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¥8.19b market cap, or US$53.6m). Reported Earnings • Apr 24
Second quarter 2024 earnings released: JP¥5.51 loss per share (vs JP¥15.44 loss in 2Q 2023) Second quarter 2024 results: JP¥5.51 loss per share (improved from JP¥15.44 loss in 2Q 2023). Revenue: JP¥831.0m (down 5.7% from 2Q 2023). Net loss: JP¥70.0m (loss narrowed 64% from 2Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 12 percentage points per year, which is a significant difference in performance. Reported Earnings • Jan 31
First quarter 2024 earnings released: JP¥0.48 loss per share (vs JP¥14.72 loss in 1Q 2023) First quarter 2024 results: JP¥0.48 loss per share (improved from JP¥14.72 loss in 1Q 2023). Revenue: JP¥1.03b (up 13% from 1Q 2023). Net loss: JP¥6.06m (loss narrowed 97% from 1Q 2023). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 28 percentage points per year, which is a significant difference in performance. Duyuru • Nov 02
Makuake, Inc. Provides Earnings Guidance for the Fiscal Year Ending September 30, 2024 Makuake, Inc. provided earnings guidance for the fiscal year ending September 30, 2024. For the year, company expects Net sales of JPY 3,925 million, Operating profit of JPY 16 million, profit of JPY 5 million and Basic earnings per share of JPY 0.40. Reported Earnings • Oct 25
Full year 2023 earnings released Full year 2023 results: Revenue: JP¥3.81b (down 9.4% from FY 2022). Net loss: JP¥491.1m (loss narrowed 64% from FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Duyuru • Oct 24
Makuake, Inc., Annual General Meeting, Dec 07, 2023 Makuake, Inc., Annual General Meeting, Dec 07, 2023. Agenda: To amend the Articles of Incorporation. New Risk • Oct 23
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 5.5% 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 Currently unprofitable and not forecast to become profitable over next 2 years (JP¥84m net loss in 2 years). Share price has been volatile over the past 3 months (5.5% average weekly change). Market cap is less than US$100m (JP¥9.09b market cap, or US$60.6m). Price Target Changed • Sep 07
Price target decreased by 28% to JP¥1,191 Down from JP¥1,660, the current price target is provided by 1 analyst. New target price is 16% above last closing price of JP¥1,024. Stock is down 43% over the past year. The company is forecast to post a net loss per share of JP¥62.10 next year compared to a net loss per share of JP¥108 last year. Duyuru • Sep 02
Makuake, Inc. to Report Fiscal Year 2023 Results on Oct 24, 2023 Makuake, Inc. announced that they will report fiscal year 2023 results on Oct 24, 2023 Reported Earnings • Jul 26
Third quarter 2023 earnings released: JP¥6.58 loss per share (vs JP¥4.30 loss in 3Q 2022) Third quarter 2023 results: JP¥6.58 loss per share (further deteriorated from JP¥4.30 loss in 3Q 2022). Revenue: JP¥990.0m (down 8.6% from 3Q 2022). Net loss: JP¥83.0m (loss widened 54% from 3Q 2022). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Professional Services industry in Japan. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 68 percentage points per year, which is a significant difference in performance. New Risk • Jul 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 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¥13.5b market cap, or US$93.6m). Reported Earnings • Apr 26
Second quarter 2023 earnings released: JP¥15.44 loss per share (vs JP¥2.31 loss in 2Q 2022) Second quarter 2023 results: JP¥15.44 loss per share (further deteriorated from JP¥2.31 loss in 2Q 2022). Revenue: JP¥881.0m (down 19% from 2Q 2022). Net loss: JP¥194.0m (loss widened JP¥165.0m from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 90 percentage points per year, which is a significant difference in performance. Reported Earnings • Jan 25
First quarter 2023 earnings released First quarter 2023 results: Revenue: JP¥908.4m (down 21% from 1Q 2022). Net loss: JP¥185.9m (down 307% from profit in 1Q 2022). Duyuru • Jan 24
Makuake, Inc. Provides Earnings Guidance for the Fiscal Year Ending September 30, 2023 Makuake, Inc. provided earnings guidance for the fiscal year ending September 30, 2023. For the year, the company expected net sales to be JPY 3,840 million, operating loss to be JPY 880 million, loss to be JPY 890 million and basic loss per share to be JPY 70.81. Price Target Changed • Nov 16
Price target increased to JP¥3,230 Up from JP¥2,767, the current price target is an average from 2 analysts. New target price is 132% above last closing price of JP¥1,394. Stock is down 75% over the past year. The company posted a net loss per share of JP¥108 last year. Duyuru • Nov 05
Makuake, Inc. Provides Non-Consolidated Earnings Guidance for the Year Ending September 30, 2023 Makuake, Inc. provided non-consolidated earnings guidance for the year ending September 30, 2023. For the fiscal year ending September 30, 2023, The company expects net sales to be ¥3,840 million. Operating loss to be ¥880 million and loss to be ¥890 million. Basic earnings per share to be ¥70.81 per basic share. Reported Earnings • Oct 27
Full year 2022 earnings released: JP¥108 loss per share (vs JP¥20.38 profit in FY 2021) Full year 2022 results: JP¥108 loss per share (down from JP¥20.38 profit in FY 2021). Revenue: JP¥4.21b (down 9.0% from FY 2021). Net loss: JP¥1.35b (down JP¥1.59b from profit in FY 2021). Duyuru • Sep 10
Makuake, Inc Revises Earnings Guidance for the Fiscal Year Ending September 2022 Makuake, Inc. revised earnings guidance for the fiscal year ending September 2022. For the year, the company expects net sales of JPY 4,200 million compared to previous forecast of JPY 4,700 million, Operating loss of JPY 360 million compared to previous forecast of JPY 0 million. Net loss of JPY 340 million or JPY 27.94 per share compared to previous forecast Net income of JPY 20 million or JPY 5.19. Duyuru • Sep 01
Makuake, Inc. to Report Fiscal Year 2022 Results on Oct 25, 2022 Makuake, Inc. announced that they will report fiscal year 2022 results on Oct 25, 2022 Reported Earnings • Jul 27
Third quarter 2022 earnings released: JP¥4.36 loss per share (vs JP¥7.23 profit in 3Q 2021) Third quarter 2022 results: JP¥4.36 loss per share (down from JP¥7.23 profit in 3Q 2021). Revenue: JP¥1.08b (down 12% from 3Q 2021). Net loss: JP¥54.8m (down 162% from profit in 3Q 2021). Duyuru • Jul 26
Makuake, Inc. Provides Earnings Guidance for the Fiscal Year Ending September 30, 2022 Makuake, Inc. provided earnings guidance for the fiscal year ending September 30, 2022. For the period, the company expected net sales to be JPY 4,700 million, profit to be JPY 65 million and basic earnings per share to be JPY 5.19. Price Target Changed • May 08
Price target decreased to JP¥4,933 Down from JP¥6,400, the current price target is provided by 1 analyst. New target price is 142% above last closing price of JP¥2,035. Stock is down 64% over the past year. The company posted earnings per share of JP¥20.38 last year. Reported Earnings • Apr 28
Second quarter 2022 earnings released: JP¥2.31 loss per share (vs JP¥5.46 loss in 2Q 2021) Second quarter 2022 results: JP¥2.31 loss per share (up from JP¥5.46 loss in 2Q 2021). Revenue: JP¥1.09b (down 1.5% from 2Q 2021). Net loss: JP¥29.0m (loss narrowed 55% from 2Q 2021). Duyuru • Apr 27
Makuake, Inc. Revises Earning Guidance for the Fiscal Year Ending September 30, 2022 Makuake, Inc. revised earning guidance for the fiscal year ending September 30, 2022. For the period, the company expects net sales of JPY 4,700 million as compared to previously announced forecast of JPY 6,200 million, operating profit of JPY 0 million as compared to previously announced forecast of JPY 465 million, ordinary profit of JPY 20 million as compared to previously announced forecast of JPY 460 million, net income of JPY 65 million as compared to previously announced forecast of JPY 350 million and basic earnings per share JPY 5.19 as compared to previously forecasted basic earnings per share of JPY 28.22. Duyuru • Feb 03
Makuake, Inc. Provides Earning Guidance for the Fiscal Year Ending September 30, 2022 Makuake, Inc. provided earning guidance for the fiscal year ending September 30, 2022. For the period, the company expects net sales of JPY 6,200 million, operating profit of JPY 465 million, ordinary profit of JPY 460 million, profit JPY 350 million and basic earnings per share JPY 28.22. Reported Earnings • Jan 26
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: JP¥7.24 (down from JP¥9.00 in 1Q 2021). Revenue: JP¥1.15b (up 16% from 1Q 2021). Net income: JP¥90.0m (down 14% from 1Q 2021). Profit margin: 7.8% (down from 11% in 1Q 2021). Revenue was in line with analyst estimates. Reported Earnings • Oct 27
Full year 2021 earnings released: EPS JP¥20.38 (vs JP¥32.98 in FY 2020) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥4.62b (up 43% from FY 2020). Net income: JP¥246.0m (down 33% from FY 2020). Profit margin: 5.3% (down from 11% in FY 2020). The decrease in margin was driven by higher expenses. Reported Earnings • Jul 28
Third quarter 2021 earnings released: EPS JP¥7.26 (vs JP¥16.61 in 3Q 2020) The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥1.23b (up 27% from 3Q 2020). Net income: JP¥89.3m (down 53% from 3Q 2020). Profit margin: 7.2% (down from 20% in 3Q 2020). The decrease in margin was driven by higher expenses. Price Target Changed • Jun 26
Price target decreased to JP¥10,400 Down from JP¥12,233, the current price target is provided by 1 analyst. New target price is 63% above last closing price of JP¥6,380. Stock is up 0.3% over the past year. Reported Earnings • Apr 25
Second quarter 2021 earnings released: JP¥5.46 loss per share (vs JP¥16.61 profit in 2Q 2020) The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: JP¥1.11b (up 14% from 2Q 2020). Net loss: JP¥65.0m (down 134% from profit in 2Q 2020). Duyuru • Apr 22
Makuake, Inc. Provides Earnings Guidance for the Fiscal Year Ending September 30, 2021 Makuake, Inc. provided earnings guidance for the fiscal year ending September 30, 2021. For the year, the company expects Net Sales were JPY 5,172 million. Operating profit was JPY 620 million. Profit was JPY 450 million. Basic earnings per share was JPY 38.61. Is New 90 Day High Low • Mar 03
New 90-day low: JP¥7,440 The company is down 24% from its price of JP¥9,770 on 03 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 16% over the same period. Reported Earnings • Jan 28
First quarter 2021 earnings released: EPS JP¥9.00 (vs JP¥4.81 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: JP¥992.0m (up 132% from 1Q 2020). Net income: JP¥105.0m (up 119% from 1Q 2020). Profit margin: 11% (in line with 1Q 2020). Is New 90 Day High Low • Jan 14
New 90-day low: JP¥7,810 The company is down 26% from its price of JP¥10,510 on 16 October 2020. The Japanese market is up 13% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 5.0% over the same period. Is New 90 Day High Low • Dec 22
New 90-day low: JP¥7,930 The company is down 27% from its price of JP¥10,800 on 23 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 4.0% over the same period. Is New 90 Day High Low • Dec 04
New 90-day low: JP¥9,170 The company is down 13% from its price of JP¥10,600 on 04 September 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Professional Services industry, which is up 9.0% over the same period. Duyuru • Sep 06
Makuake,Inc. to Report Fiscal Year 2020 Results on Oct 27, 2020 Makuake,Inc. announced that they will report fiscal year 2020 results on Oct 27, 2020 
