Valuation Update With 7 Day Price Move • Jun 25
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥358, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 7.5% over the past three years. Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥367, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total loss to shareholders of 4.9% over the past three years. Valuation Update With 7 Day Price Move • May 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥502, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥430, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 56% over the past three years. New Risk • Apr 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 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥2.98b market cap, or US$18.7m). Duyuru • Apr 03
Shirohato Co., Ltd. to Report Q1, 2027 Results on Apr 10, 2026 Shirohato Co., Ltd. announced that they will report Q1, 2027 results on Apr 10, 2026 Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥335, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 25% over the past three years. Reported Earnings • Mar 03
Full year 2025 earnings released: EPS: JP¥70.61 (vs JP¥9.01 loss in FY 2024) Full year 2025 results: EPS: JP¥70.61 (up from JP¥9.01 loss in FY 2024). Revenue: JP¥6.02b (down 1.5% from FY 2024). Net income: JP¥470.0m (up JP¥530.0m from FY 2024). Profit margin: 7.8% (up from net loss in FY 2024). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 28
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 5.1% to JP¥310. The fair value is estimated to be JP¥256, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Jan 10
Third quarter 2026 earnings released: JP¥7.66 loss per share (vs JP¥0.15 profit in 3Q 2025) Third quarter 2026 results: JP¥7.66 loss per share (down from JP¥0.15 profit in 3Q 2025). Revenue: JP¥1.52b (down 7.7% from 3Q 2025). Net loss: JP¥51.0m (down JP¥52.0m from profit in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 09
Shirohato Co., Ltd., Annual General Meeting, Feb 26, 2026 Shirohato Co., Ltd., Annual General Meeting, Feb 26, 2026. Duyuru • Dec 21
Shirohato Co., Ltd. to Report Fiscal Year 2026 Results on Jan 09, 2026 Shirohato Co., Ltd. announced that they will report fiscal year 2026 results on Jan 09, 2026 New Risk • Nov 22
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: Major Risk Debt is not well covered by operating cash flow (7.3% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (5.5% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥2.07b market cap, or US$13.2m). Board Change • Nov 05
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. 3 highly experienced directors. 1 independent director (3 non-independent directors). Outside Audit & Supervisory Board Member Norihide Iwanaga is the most experienced director on the board, commencing their role in 2013. Independent Outside Director Tsuneo Shimizu was the last independent director to join the board, commencing their role in 2013. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Reported Earnings • Oct 11
Second quarter 2026 earnings released: JP¥8.71 loss per share (vs JP¥0.90 profit in 2Q 2025) Second quarter 2026 results: JP¥8.71 loss per share (down from JP¥0.90 profit in 2Q 2025). Revenue: JP¥1.43b (down 5.9% from 2Q 2025). Net loss: JP¥58.0m (down JP¥64.0m from profit in 2Q 2025). Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • Jul 30
Shirohato Co., Ltd. to Report Q2, 2026 Results on Oct 10, 2025 Shirohato Co., Ltd. announced that they will report Q2, 2026 results on Oct 10, 2025 New Risk • Jul 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 4,829% 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 Interest payments are not well covered by earnings (0.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (5.9% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (JP¥1.86b market cap, or US$12.6m). Reported Earnings • Jul 14
First quarter 2026 earnings released: EPS: JP¥63.55 (vs JP¥6.01 loss in 1Q 2025) First quarter 2026 results: EPS: JP¥63.55 (up from JP¥6.01 loss in 1Q 2025). Revenue: JP¥1.27b (down 3.1% from 1Q 2025). Net income: JP¥423.0m (up JP¥463.0m from 1Q 2025). Profit margin: 33% (up from net loss in 1Q 2025). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jun 04
Full year 2025 earnings released: EPS: JP¥18.48 (vs JP¥18.03 loss in FY 2024) Full year 2025 results: EPS: JP¥18.48 (up from JP¥18.03 loss in FY 2024). Revenue: JP¥6.27b (down 1.5% from FY 2024). Net income: JP¥123.0m (up JP¥243.0m from FY 2024). Profit margin: 2.0% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • May 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 7.4% 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 Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Market cap is less than US$100m (JP¥1.75b market cap, or US$12.0m). Valuation Update With 7 Day Price Move • May 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥300, the stock trades at a trailing P/E ratio of 16.2x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 13% over the past three years. Duyuru • May 15
Shirohato Co., Ltd. to Report Q1, 2026 Results on Jul 11, 2025 Shirohato Co., Ltd. announced that they will report Q1, 2026 results on Jul 11, 2025 New Risk • Apr 12
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risk Market cap is less than US$100m (JP¥1.56b market cap, or US$10.9m). Reported Earnings • Apr 12
Full year 2025 earnings released: EPS: JP¥18.48 (vs JP¥18.03 loss in FY 2024) Full year 2025 results: EPS: JP¥18.48 (up from JP¥18.03 loss in FY 2024). Revenue: JP¥6.27b (down 1.5% from FY 2024). Net income: JP¥123.0m (up JP¥243.0m from FY 2024). Profit margin: 2.0% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Duyuru • Apr 11
Shirohato Co., Ltd., Annual General Meeting, May 29, 2025 Shirohato Co., Ltd., Annual General Meeting, May 29, 2025. New Risk • Apr 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: JP¥1.33b (US$9.10m) This is considered a major 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. This is currently the only risk that has been identified for the company. Duyuru • Feb 28
Shirohato Co., Ltd. to Report Fiscal Year 2025 Results on Apr 11, 2025 Shirohato Co., Ltd. announced that they will report fiscal year 2025 results on Apr 11, 2025 Reported Earnings • Jan 15
Third quarter 2025 earnings released: EPS: JP¥0.15 (vs JP¥2.25 loss in 3Q 2024) Third quarter 2025 results: EPS: JP¥0.15 (up from JP¥2.25 loss in 3Q 2024). Revenue: JP¥1.64b (down 1.9% from 3Q 2024). Net income: JP¥1.00m (up JP¥16.0m from 3Q 2024). Profit margin: 0.1% (up from net loss in 3Q 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. 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 6.9% 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 Less than 1 year of cash runway based on free cash flow trend (-JP¥206m free cash flow). 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¥1.44b market cap, or US$10.1m). Reported Earnings • Jul 16
First quarter 2025 earnings released: JP¥6.01 loss per share (vs JP¥8.56 loss in 1Q 2024) First quarter 2025 results: JP¥6.01 loss per share (improved from JP¥8.56 loss in 1Q 2024). Revenue: JP¥1.31b (down 11% from 1Q 2024). Net loss: JP¥40.0m (loss narrowed 30% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 14
Full year 2024 earnings released: JP¥18.03 loss per share (vs JP¥10.97 profit in FY 2023) Full year 2024 results: JP¥18.03 loss per share (down from JP¥10.97 profit in FY 2023). Revenue: JP¥6.37b (flat on FY 2023). Net loss: JP¥120.0m (down 264% from profit in FY 2023). Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 14
Third quarter 2024 earnings released: JP¥2.25 loss per share (vs JP¥2.70 loss in 3Q 2023) Third quarter 2024 results: JP¥2.25 loss per share (improved from JP¥2.70 loss in 3Q 2023). Revenue: JP¥1.67b (up 9.1% from 3Q 2023). Net loss: JP¥15.0m (loss narrowed 17% from 3Q 2023). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Duyuru • Dec 02
Shirohato Co., Ltd. to Report Q3, 2024 Results on Jan 12, 2024 Shirohato Co., Ltd. announced that they will report Q3, 2024 results on Jan 12, 2024 New Risk • Oct 13
New major risk - Revenue and earnings growth Earnings have declined by 16% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-JP¥17m free cash flow). Earnings have declined by 16% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Market cap is less than US$100m (JP¥2.15b market cap, or US$14.4m). Reported Earnings • Oct 13
Second quarter 2024 earnings released: JP¥3.16 loss per share (vs JP¥5.11 profit in 2Q 2023) Second quarter 2024 results: JP¥3.16 loss per share (down from JP¥5.11 profit in 2Q 2023). Revenue: JP¥1.59b (down 4.7% from 2Q 2023). Net loss: JP¥21.0m (down 162% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Duyuru • Aug 30
Shirohato Co., Ltd. to Report Q2, 2024 Results on Oct 12, 2023 Shirohato Co., Ltd. announced that they will report Q2, 2024 results on Oct 12, 2023 New Risk • Jul 15
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 89% 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 Risks Interest payments are not well covered by earnings (1.4x net interest cover). Share price has been highly volatile over the past 3 months (17% average weekly change). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (JP¥2.49b market cap, or US$17.9m). Reported Earnings • Jul 15
First quarter 2024 earnings released: JP¥8.56 loss per share (vs JP¥2.25 profit in 1Q 2023) First quarter 2024 results: JP¥8.56 loss per share (down from JP¥2.25 profit in 1Q 2023). Revenue: JP¥1.47b (down 5.0% from 1Q 2023). Net loss: JP¥57.0m (down 480% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to JP¥409, the stock trades at a trailing P/E ratio of 37.4x. Average trailing P/E is 14x in the Specialty Retail industry in Japan. Total returns to shareholders of 29% over the past three years. Reported Earnings • Jun 02
Full year 2023 earnings released: EPS: JP¥10.97 (vs JP¥33.50 loss in FY 2022) Full year 2023 results: EPS: JP¥10.97 (up from JP¥33.50 loss in FY 2022). Revenue: JP¥6.35b (up 2.0% from FY 2022). Net income: JP¥73.0m (up JP¥296.0m from FY 2022). Profit margin: 1.1% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥430, the stock trades at a trailing P/E ratio of 39.3x. Average trailing P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥350, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 12x in the Specialty Retail industry in Japan. Total returns to shareholders of 30% over the past three years. Reported Earnings • Apr 15
Full year 2023 earnings released: EPS: JP¥10.97 (vs JP¥33.50 loss in FY 2022) Full year 2023 results: EPS: JP¥10.97 (up from JP¥33.50 loss in FY 2022). Revenue: JP¥6.35b (up 2.0% from FY 2022). Net income: JP¥73.0m (up JP¥296.0m from FY 2022). Profit margin: 1.1% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 13
Third quarter 2023 earnings released: JP¥2.70 loss per share (vs JP¥2.40 loss in 3Q 2022) Third quarter 2023 results: JP¥2.70 loss per share (further deteriorated from JP¥2.40 loss in 3Q 2022). Revenue: JP¥1.53b (up 1.3% from 3Q 2022). Net loss: JP¥18.0m (loss widened 13% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 2% per year. 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. Independent Outside Director Tsuneo Shimizu was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 15
Second quarter 2023 earnings released: EPS: JP¥5.11 (vs JP¥1.20 loss in 2Q 2022) Second quarter 2023 results: EPS: JP¥5.11 (up from JP¥1.20 loss in 2Q 2022). Revenue: JP¥1.67b (up 6.4% from 2Q 2022). Net income: JP¥34.0m (up JP¥42.0m from 2Q 2022). Profit margin: 2.0% (up from net loss in 2Q 2022). Duyuru • Aug 04
Shirohato Co., Ltd. to Report Q2, 2022 Results on Oct 13, 2022 Shirohato Co., Ltd. announced that they will report Q2, 2022 results on Oct 13, 2022 Reported Earnings • Jul 15
First quarter 2023 earnings released: EPS: JP¥2.25 (vs JP¥1.20 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥2.25 (up from JP¥1.20 loss in 1Q 2022). Revenue: JP¥1.54b (up 1.4% from 1Q 2022). Net income: JP¥15.0m (up JP¥23.0m from 1Q 2022). Profit margin: 1.0% (up from net loss in 1Q 2022). Reported Earnings • Jul 15
First quarter 2023 earnings released: EPS: JP¥2.25 (vs JP¥1.20 loss in 1Q 2022) First quarter 2023 results: EPS: JP¥2.25 (up from JP¥1.20 loss in 1Q 2022). Revenue: JP¥1.54b (up 1.4% from 1Q 2022). Net income: JP¥15.0m (up JP¥23.0m from 1Q 2022). Profit margin: 1.0% (up from net loss in 1Q 2022). Reported Earnings • Jun 03
Full year 2022 earnings released: JP¥33.50 loss per share (vs JP¥43.12 loss in FY 2021) Full year 2022 results: JP¥33.50 loss per share (up from JP¥43.12 loss in FY 2021). Revenue: JP¥6.23b (up 9.4% from FY 2021). Net loss: JP¥223.0m (loss narrowed 22% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. 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. Independent Outside Director Tsuneo Shimizu was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 15
Shirohato Co., Ltd., Annual General Meeting, May 27, 2022 Shirohato Co., Ltd., Annual General Meeting, May 27, 2022. Reported Earnings • Apr 14
Full year 2022 earnings released: JP¥33.50 loss per share (vs JP¥43.12 loss in FY 2021) Full year 2022 results: JP¥33.50 loss per share (up from JP¥43.12 loss in FY 2021). Revenue: JP¥6.23b (up 9.4% from FY 2021). Net loss: JP¥223.0m (loss narrowed 22% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 44% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Reported Earnings • Jan 14
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: JP¥2.40 loss per share (up from JP¥8.11 loss in 3Q 2021). Revenue: JP¥1.51b (up 1.6% from 3Q 2021). Net loss: JP¥16.0m (loss narrowed 70% from 3Q 2021). 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 57 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 14
Second quarter 2022 earnings released: JP¥1.20 loss per share (vs JP¥10.97 loss in 2Q 2021) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: JP¥1.57b (up 14% from 2Q 2021). Net loss: JP¥8.00m (loss narrowed 89% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 64 percentage points per year, which is a significant difference in performance. Reported Earnings • Jul 15
First quarter 2022 earnings released: JP¥1.20 loss per share (vs JP¥3.01 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: JP¥1.52b (up 17% from 1Q 2021). Net loss: JP¥8.00m (loss narrowed 60% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 02
Full year 2021 earnings released: JP¥43.12 loss per share (vs JP¥20.74 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¥5.69b (up 8.4% from FY 2020). Net loss: JP¥287.0m (loss widened 108% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 16
Full year 2021 earnings released: JP¥43.12 loss per share (vs JP¥20.74 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¥5.69b (up 8.4% from FY 2020). Net loss: JP¥287.0m (loss widened 108% from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 77 percentage points per year, which is a significant difference in performance. Duyuru • Feb 16
Shirohato Co., Ltd. to Report Fiscal Year 2020 Results on Apr 13, 2021 Shirohato Co., Ltd. announced that they will report fiscal year 2020 results on Apr 13, 2021 Reported Earnings • Jan 15
Third quarter 2021 earnings released: JP¥8.11 loss per share The company reported a solid third quarter result with reduced losses and improved revenues and control over expenses. Third quarter 2021 results: Revenue: JP¥1.49b (up 16% from 3Q 2020). Net loss: JP¥54.0m (loss narrowed 30% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 100% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Dec 21
New 90-day low: JP¥280 The company is down 6.0% from its price of JP¥299 on 18 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Online Retail industry, which is also down 6.0% over the same period. Reported Earnings • Oct 14
First half earnings released Over the last 12 months the company has reported total losses of JP¥161.0m, with losses widening by 232% from the prior year. Total revenue was JP¥5.31b over the last 12 months, largely unchanged from the prior year. Is New 90 Day High Low • Oct 12
New 90-day high: JP¥339 The company is up 7.0% from its price of JP¥316 on 14 July 2020. The Japanese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Online Retail industry, which is up 30% over the same period. Duyuru • Aug 31
Shirohato Co., Ltd. to Report Q2, 2021 Results on Oct 13, 2020 Shirohato Co., Ltd. announced that they will report Q2, 2021 results on Oct 13, 2020