Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to JP¥2,808, the stock trades at a trailing P/E ratio of 40.9x. Average trailing P/E is 13x in the Consumer Services industry in Japan. Total returns to shareholders of 193% over the past three years. New Risk • Jun 15
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 8.6% 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 163% Paying a dividend despite having no free cash flows. Earnings have declined by 28% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (JP¥7.50b market cap, or US$46.8m). Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,124, the stock trades at a trailing P/E ratio of 31x. Average trailing P/E is 13x in the Consumer Services industry in Japan. Total returns to shareholders of 108% over the past three years. Duyuru • Jun 01
Smile Holdings Inc. to Report Q1, 2027 Results on Aug 14, 2026 Smile Holdings Inc. announced that they will report Q1, 2027 results on Aug 14, 2026 Reported Earnings • May 21
Full year 2026 earnings released: EPS: JP¥68.22 (vs JP¥46.82 in FY 2025) Full year 2026 results: EPS: JP¥68.22 (up from JP¥46.82 in FY 2025). Revenue: JP¥14.5b (up 6.3% from FY 2025). Net income: JP¥220.0m (up 46% from FY 2025). Profit margin: 1.5% (up from 1.1% 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 29% per year whereas the company’s share price has increased by 30% per year. Valuation Update With 7 Day Price Move • May 19
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,466, the stock trades at a trailing P/E ratio of 28x. Average trailing P/E is 15x in the Consumer Services industry in Japan. Total returns to shareholders of 130% over the past three years. Duyuru • May 18
Smile Holdings Inc., Annual General Meeting, Jun 29, 2026 Smile Holdings Inc., Annual General Meeting, Jun 29, 2026. Duyuru • May 10
Smile Holdings Inc. to Report Fiscal Year 2026 Results on May 15, 2026 Smile Holdings Inc. announced that they will report fiscal year 2026 results at 3:00 PM, Tokyo Standard Time on May 15, 2026 Buy Or Sell Opportunity • Apr 15
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 1.3% to JP¥2,961. The fair value is estimated to be JP¥2,464, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 34%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥47.50 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Buy Or Sell Opportunity • Feb 26
Now 22% overvalued The stock has been flat over the last 90 days, currently trading at JP¥2,987. The fair value is estimated to be JP¥2,448, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.3% over the last 3 years. Earnings per share has grown by 34%. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥3,015, the stock trades at a trailing P/E ratio of 34.3x. Average trailing P/E is 15x in the Consumer Services industry in Japan. Total returns to shareholders of 190% over the past three years. Reported Earnings • Feb 16
Third quarter 2026 earnings released: EPS: JP¥36.18 (vs JP¥32.09 in 3Q 2025) Third quarter 2026 results: EPS: JP¥36.18 (up from JP¥32.09 in 3Q 2025). Revenue: JP¥3.52b (up 7.7% from 3Q 2025). Net income: JP¥116.0m (up 14% from 3Q 2025). Profit margin: 3.3% (up from 3.1% 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 34% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Nov 29
Smile Holdings Inc. to Report Q3, 2026 Results on Feb 13, 2026 Smile Holdings Inc. announced that they will report Q3, 2026 results on Feb 13, 2026 Valuation Update With 7 Day Price Move • Nov 21
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥2,924, the stock trades at a trailing P/E ratio of 35.5x. Average trailing P/E is 16x in the Consumer Services industry in Japan. Total returns to shareholders of 230% over the past three years. Reported Earnings • Nov 18
Second quarter 2026 earnings released: EPS: JP¥45.81 (vs JP¥36.03 in 2Q 2025) Second quarter 2026 results: EPS: JP¥45.81 (up from JP¥36.03 in 2Q 2025). Revenue: JP¥3.56b (up 10% from 2Q 2025). Net income: JP¥148.0m (up 27% from 2Q 2025). Profit margin: 4.2% (up from 3.6% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 41% per year whereas the company’s share price has increased by 42% per year. Duyuru • Sep 27
Smile Holdings Inc. to Report Q2, 2026 Results on Nov 14, 2025 Smile Holdings Inc. announced that they will report Q2, 2026 results on Nov 14, 2025 Valuation Update With 7 Day Price Move • Sep 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥2,731, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 17x in the Consumer Services industry in Japan. Total returns to shareholders of 169% over the past three years. Reported Earnings • Aug 15
First quarter 2026 earnings released: EPS: JP¥20.26 (vs JP¥6.16 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥20.26 (up from JP¥6.16 loss in 1Q 2025). Revenue: JP¥3.39b (up 7.7% from 1Q 2025). Net income: JP¥66.0m (up JP¥86.0m from 1Q 2025). Profit margin: 1.9% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 53% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Duyuru • Aug 15
Smile Holdings Inc. (TSE:7084) announces an Equity Buyback for 50,000 shares, representing 1.53% for ¥98 million. Smile Holdings Inc. (TSE:7084) announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 1.53% of its share capital, at ¥1,960 per share for ¥98 million. The company will repurchase its shares in order to improve capital efficiency and implementing a flexible capital policy in response to changes in the business environment. As of June 30, 2025, the company had 3,257,700 shares outstanding (excluding treasury shares) and 1,800 shares in treasury. New Risk • Jul 09
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 8.0% 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 (8.0% average weekly change). Earnings have declined by 46% per year over the past 5 years. Minor Risk Market cap is less than US$100m (JP¥5.94b market cap, or US$40.4m). Duyuru • May 31
Smile Holdings Inc. to Report Q1, 2026 Results on Aug 14, 2025 Smile Holdings Inc. announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • May 21
Full year 2025 earnings released: EPS: JP¥46.82 (vs JP¥40.70 in FY 2024) Full year 2025 results: EPS: JP¥46.82 (up from JP¥40.70 in FY 2024). Revenue: JP¥13.7b (up 6.1% from FY 2024). Net income: JP¥151.0m (up 14% from FY 2024). Profit margin: 1.1% (up from 1.0% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥1,789, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 16x in the Consumer Services industry in Japan. Total returns to shareholders of 81% over the past three years. Duyuru • May 15
Smile Holdings Inc., Annual General Meeting, Jun 24, 2025 Smile Holdings Inc., Annual General Meeting, Jun 24, 2025. Buy Or Sell Opportunity • Mar 11
Now 22% undervalued Over the last 90 days, the stock has risen 85% to JP¥1,499. The fair value is estimated to be JP¥1,912, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.4% over the last 3 years. Earnings per share has declined by 38%. Duyuru • Mar 01
Smile Holdings Inc. to Report Fiscal Year 2025 Results on May 15, 2025 Smile Holdings Inc. announced that they will report fiscal year 2025 results on May 15, 2025 New Risk • Feb 26
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: Major Risk Earnings have declined by 48% per year over the past 5 years. 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¥3.33b market cap, or US$22.3m). Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,049, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 17x in the Consumer Services industry in Japan. Total loss to shareholders of 5.7% over the past three years. Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: JP¥32.09 (vs JP¥19.11 in 3Q 2024) Third quarter 2025 results: EPS: JP¥32.09 (up from JP¥19.11 in 3Q 2024). Revenue: JP¥3.27b (up 3.5% from 3Q 2024). Net income: JP¥102.0m (up 65% from 3Q 2024). Profit margin: 3.1% (up from 2.0% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Duyuru • Dec 03
Kids Smile Holdings Inc. to Report Q3, 2025 Results on Feb 14, 2025 Kids Smile Holdings Inc. announced that they will report Q3, 2025 results on Feb 14, 2025 Duyuru • Sep 30
Kids Smile Holdings Inc. (TSE:7084) announces an Equity Buyback for 70,000 shares, representing 2.15% for ¥55.3 million. Kids Smile Holdings Inc. (TSE:7084) announces a share repurchase program. Under the program, the company will repurchase up to 70,000 shares, representing 2.15% of its share capital, at ¥790 per share for ¥55.3 million. The company will repurchase its shares in order to allocate the shares to be issued as stock compensation to employees. As of June 30, 2024, the company had 3,248,450 shares outstanding (excluding treasury shares) and 0 shares in treasury. New Risk • Sep 17
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¥2.52b market cap, or US$17.9m). Duyuru • Aug 27
Kids Smile Holdings Inc. to Report Q2, 2025 Results on Nov 14, 2024 Kids Smile Holdings Inc. announced that they will report Q2, 2025 results on Nov 14, 2024 Reported Earnings • Aug 19
First quarter 2025 earnings released: JP¥6.16 loss per share (vs JP¥25.59 loss in 1Q 2024) First quarter 2025 results: JP¥6.16 loss per share (improved from JP¥25.59 loss in 1Q 2024). Revenue: JP¥3.15b (up 3.0% from 1Q 2024). Net loss: JP¥20.0m (loss narrowed 76% from 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥704, the stock trades at a trailing P/E ratio of 17.3x. Average trailing P/E is 13x in the Consumer Services industry in Japan. Total loss to shareholders of 51% over the past three years. Duyuru • Jul 04
Kids Smile Holdings Inc. to Report Q1, 2025 Results on Aug 14, 2024 Kids Smile Holdings Inc. announced that they will report Q1, 2025 results on Aug 14, 2024 Buy Or Sell Opportunity • May 31
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 1.7% to JP¥880. The fair value is estimated to be JP¥723, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has declined by 77%. Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥40.70 (vs JP¥57.99 in FY 2023) Full year 2024 results: EPS: JP¥40.70 (down from JP¥57.99 in FY 2023). Revenue: JP¥12.9b (up 8.5% from FY 2023). Net income: JP¥132.0m (down 30% from FY 2023). Profit margin: 1.0% (down from 1.6% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Duyuru • May 17
Kids Smile Holdings Inc., Annual General Meeting, Jun 24, 2024 Kids Smile Holdings Inc., Annual General Meeting, Jun 24, 2024. Duyuru • Mar 10
Kids Smile Holdings Inc. to Report Fiscal Year 2024 Results on May 15, 2024 Kids Smile Holdings Inc. announced that they will report fiscal year 2024 results on May 15, 2024 Reported Earnings • Feb 17
Third quarter 2024 earnings released: EPS: JP¥19.11 (vs JP¥9.25 in 3Q 2023) Third quarter 2024 results: EPS: JP¥19.11 (up from JP¥9.25 in 3Q 2023). Revenue: JP¥3.16b (up 6.9% from 3Q 2023). Net income: JP¥62.0m (up 107% from 3Q 2023). Profit margin: 2.0% (up from 1.0% in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 55 percentage points per year, which is a significant difference in performance. Duyuru • Sep 06
Kids Smile Holdings Inc. to Report Q3, 2024 Results on Feb 14, 2024 Kids Smile Holdings Inc. announced that they will report Q3, 2024 results on Feb 14, 2024 New Risk • Aug 17
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 53% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (JP¥3.15b market cap, or US$21.6m). Reported Earnings • Aug 16
First quarter 2024 earnings released: JP¥25.59 loss per share (vs JP¥1.54 loss in 1Q 2023) First quarter 2024 results: JP¥25.59 loss per share (further deteriorated from JP¥1.54 loss in 1Q 2023). Revenue: JP¥3.06b (up 7.7% from 1Q 2023). Net loss: JP¥83.0m (loss widened JP¥78.0m from 1Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. Duyuru • May 28
Kids Smile Holdings Inc. to Report Q1, 2024 Results on Aug 14, 2023 Kids Smile Holdings Inc. announced that they will report Q1, 2024 results on Aug 14, 2023 Reported Earnings • Feb 20
Third quarter 2023 earnings released: EPS: JP¥9.25 (vs JP¥10.40 loss in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.25 (up from JP¥10.40 loss in 3Q 2022). Revenue: JP¥2.95b (up 12% from 3Q 2022). Net income: JP¥30.0m (up JP¥63.0m from 3Q 2022). Profit margin: 1.0% (up from net loss in 3Q 2022). Duyuru • Nov 27
Kids Smile Holdings Inc. to Report Q3, 2023 Results on Feb 14, 2023 Kids Smile Holdings Inc. announced that they will report Q3, 2023 results on Feb 14, 2023 Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: JP¥48.43 (vs JP¥23.01 in 2Q 2022) Second quarter 2023 results: EPS: JP¥48.43 (up from JP¥23.01 in 2Q 2022). Revenue: JP¥2.89b (up 9.1% from 2Q 2022). Net income: JP¥157.0m (up 115% from 2Q 2022). Profit margin: 5.4% (up from 2.8% in 2Q 2022). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Consumer Services industry in Japan. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Outside Audit & Supervisory Board Member Hiroshi Mori was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Buying Opportunity • Oct 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be JP¥1,210, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last year. Meanwhile, the company became loss making. Duyuru • Sep 01
Kids Smile Holdings Inc. to Report Q2, 2023 Results on Nov 14, 2022 Kids Smile Holdings Inc. announced that they will report Q2, 2023 results on Nov 14, 2022 Reported Earnings • Aug 18
First quarter 2023 earnings released: JP¥1.54 loss per share (vs JP¥233 profit in 1Q 2022) First quarter 2023 results: JP¥1.54 loss per share (down from JP¥233 profit in 1Q 2022). Revenue: JP¥2.84b (up 7.9% from 1Q 2022). Net loss: JP¥5.00m (down 101% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 11%, compared to a 9.8% growth forecast for the Consumer Services industry in Japan. Duyuru • Jun 01
Kids Smile Holdings Inc. to Report Q1, 2023 Results on Aug 15, 2022 Kids Smile Holdings Inc. announced that they will report Q1, 2023 results on Aug 15, 2022 Duyuru • May 18
Kids Smile Holdings Inc., Annual General Meeting, Jun 23, 2022 Kids Smile Holdings Inc., Annual General Meeting, Jun 23, 2022. Board Change • Apr 28
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. Independent Outside Director Yutaka Tokumitsu was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 08
Kids Smile Holdings Inc. to Report Fiscal Year 2022 Results on May 16, 2022 Kids Smile Holdings Inc. announced that they will report fiscal year 2022 results on May 16, 2022 Reported Earnings • Feb 18
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: JP¥10.40 loss per share (down from JP¥29.63 profit in 3Q 2021). Revenue: JP¥2.64b (up 16% from 3Q 2021). Net loss: JP¥33.0m (down 135% from profit in 3Q 2021). Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 14%, compared to a 12% growth forecast for the industry in Japan. Reported Earnings • Nov 17
Second quarter 2022 earnings released: EPS JP¥23.01 (vs JP¥39.09 in 2Q 2021) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: JP¥2.65b (up 17% from 2Q 2021). Net income: JP¥73.0m (down 41% from 2Q 2021). Profit margin: 2.8% (down from 5.5% in 2Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Jun 30
Full year 2021 earnings released: EPS JP¥173 (vs JP¥430 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥9.11b (up 25% from FY 2020). Net income: JP¥547.0m (down 53% from FY 2020). Profit margin: 6.0% (down from 16% in FY 2020). The decrease in margin was driven by higher expenses. Duyuru • Mar 04
Kids Smile Holdings Inc. to Report Fiscal Year 2021 Results on May 14, 2021 Kids Smile Holdings Inc. announced that they will report fiscal year 2021 results on May 14, 2021 Is New 90 Day High Low • Feb 17
New 90-day low: JP¥1,709 The company is down 1.0% from its price of JP¥1,718 on 19 November 2020. The Japanese market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Services industry, which is flat over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥29.63 (vs JP¥4.58 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥2.29b (up 15% from 3Q 2020). Net income: JP¥94.0m (up JP¥81.0m from 3Q 2020). Profit margin: 4.1% (up from 0.7% in 3Q 2020). The increase in margin was driven by higher revenue. Analyst Estimate Surprise Post Earnings • Feb 14
Revenue and earnings beat expectations Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 29%. Over the next year, revenue is forecast to grow 19%, compared to a 8.1% growth forecast for the Consumer Services industry in Japan. Duyuru • Jun 28
Kids Smile Holdings Inc. to Report Q2, 2021 Results on Nov 13, 2020 Kids Smile Holdings Inc. announced that they will report Q2, 2021 results on Nov 13, 2020 
