Reported Earnings • May 19
Third quarter 2026 earnings released: EPS: JP¥5.44 (vs JP¥4.98 in 3Q 2025) Third quarter 2026 results: EPS: JP¥5.44 (up from JP¥4.98 in 3Q 2025). Revenue: JP¥922.0m (up 24% from 3Q 2025). Net income: JP¥66.0m (up 22% from 3Q 2025). Profit margin: 7.2% (in line with 3Q 2025). New Risk • May 19
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 8.1% 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 (8.1% operating cash flow to total debt). Minor Risks Less than 3 years of financial data is available. Large one-off items impacting financial results. Market cap is less than US$100m (JP¥6.20b market cap, or US$39.0m). New Risk • Feb 16
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 115% 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 (115% accrual ratio). Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (JP¥5.51b market cap, or US$35.9m). Reported Earnings • Feb 14
Second quarter 2026 earnings released: EPS: JP¥1.73 (vs JP¥4.98 in 2Q 2025) Second quarter 2026 results: EPS: JP¥1.73 (down from JP¥4.98 in 2Q 2025). Revenue: JP¥953.0m (up 28% from 2Q 2025). Net income: JP¥21.0m (down 61% from 2Q 2025). Profit margin: 2.2% (down from 7.2% in 2Q 2025). Duyuru • Dec 24
KURADASHI.Co.,Ltd. to Report Q2, 2026 Results on Feb 12, 2026 KURADASHI.Co.,Ltd. announced that they will report Q2, 2026 results on Feb 12, 2026 Duyuru • Sep 27
KURADASHI.Co.,Ltd. to Report Q1, 2026 Results on Nov 13, 2025 KURADASHI.Co.,Ltd. announced that they will report Q1, 2026 results on Nov 13, 2025 Duyuru • Aug 20
KURADASHI.Co.,Ltd. announced that it has received ¥513.4797 million in funding from JAPAN POST Co., Ltd. On August 20, 2025, KURADASHI.Co.,Ltd. closed the transaction. Duyuru • Aug 14
KURADASHI.Co.,Ltd., Annual General Meeting, Sep 25, 2025 KURADASHI.Co.,Ltd., Annual General Meeting, Sep 25, 2025. Duyuru • Aug 04
KURADASHI.Co.,Ltd. announced that it expects to receive ¥513.4797 million in funding from JAPAN POST Co., Ltd. KURADASHI.Co.,Ltd announces private placement with JAPAN POST Co., Ltd. to issue 1,213,900 Common Shares at a price of JPY 423 per share for gross proceeds of JPY 513,479,700 on August 4, 2025. Board of Directors meeting held on August 4, 2025.Payment Period is from August 20, 2025 to August 22, 2025. New Risk • Jun 19
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 7.2% 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 No financial data reported. Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Market cap is less than US$100m (JP¥4.83b market cap, or US$33.3m). Duyuru • Jun 05
KURADASHI.Co.,Ltd. to Report Fiscal Year 2025 Results on Aug 14, 2025 KURADASHI.Co.,Ltd. announced that they will report fiscal year 2025 results on Aug 14, 2025 New Risk • Apr 23
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Market cap is less than US$100m (JP¥3.56b market cap, or US$25.1m). Duyuru • Mar 04
KURADASHI.Co.,Ltd. to Report Q3, 2025 Results on May 15, 2025 KURADASHI.Co.,Ltd. announced that they will report Q3, 2025 results on May 15, 2025 Reported Earnings • Feb 15
Second quarter 2025 earnings released: JP¥0.93 loss per share (vs JP¥0.46 profit in 2Q 2024) Second quarter 2025 results: JP¥0.93 loss per share (down from JP¥0.46 profit in 2Q 2024). Revenue: JP¥899.0m (up 17% from 2Q 2024). Net loss: JP¥10.0m (down 300% from profit in 2Q 2024). New Risk • Dec 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% 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 Earnings have declined by 12% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (5.3% average weekly change). Market cap is less than US$100m (JP¥3.20b market cap, or US$20.4m). Duyuru • Dec 03
KURADASHI.Co.,Ltd. to Report Q2, 2025 Results on Feb 13, 2025 KURADASHI.Co.,Ltd. announced that they will report Q2, 2025 results on Feb 13, 2025 New Risk • Nov 26
New major risk - Revenue and earnings growth Earnings have declined by 12% 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 12% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥3.31b market cap, or US$21.5m). Duyuru • Sep 28
KURADASHI.Co.,Ltd. to Report Q1, 2025 Results on Nov 14, 2024 KURADASHI.Co.,Ltd. announced that they will report Q1, 2025 results on Nov 14, 2024 Duyuru • Aug 08
KURADASHI.Co.,Ltd., Annual General Meeting, Sep 25, 2024 KURADASHI.Co.,Ltd., Annual General Meeting, Sep 25, 2024. Duyuru • Jun 28
KURADASHI.Co.,Ltd. to Report Fiscal Year 2024 Results on Aug 08, 2024 KURADASHI.Co.,Ltd. announced that they will report fiscal year 2024 results on Aug 08, 2024 New Risk • Jun 10
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 12% 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 (12% average weekly change). Minor Risk Market cap is less than US$100m (JP¥3.35b market cap, or US$21.4m). New Risk • Apr 15
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: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (JP¥3.18b market cap, or US$20.7m). Duyuru • Mar 24
KURADASHI.Co.,Ltd. to Report Q3, 2024 Results on May 09, 2024 KURADASHI.Co.,Ltd. announced that they will report Q3, 2024 results on May 09, 2024 Duyuru • Dec 22
KURADASHI.Co.,Ltd. to Report Q2, 2024 Results on Feb 08, 2024 KURADASHI.Co.,Ltd. announced that they will report Q2, 2024 results on Feb 08, 2024 Duyuru • Sep 22
KURADASHI.Co.,Ltd. to Report Q1, 2024 Results on Nov 09, 2023 KURADASHI.Co.,Ltd. announced that they will report Q1, 2024 results on Nov 09, 2023 Reported Earnings • Aug 14
Full year 2023 earnings released: JP¥17.36 loss per share (vs JP¥9.14 loss in FY 2022) Full year 2023 results: JP¥17.36 loss per share (further deteriorated from JP¥9.14 loss in FY 2022). Revenue: JP¥2.91b (up 40% from FY 2022). Net loss: JP¥167.0m (loss widened 109% from FY 2022). Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 2.4% growth forecast for the Consumer Retailing industry in Japan. Duyuru • Aug 12
KURADASHI.Co.,Ltd., Annual General Meeting, Sep 27, 2023 KURADASHI.Co.,Ltd., Annual General Meeting, Sep 27, 2023. Board Change • Jun 30
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. Chief Human Resources Officer, Executive Officer & Director Kohei Tokuyama was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. 
