Duyuru • Jun 30
Papyless Co., Ltd. to Report Q1, 2027 Results on Aug 10, 2026 Papyless Co., Ltd. announced that they will report Q1, 2027 results on Aug 10, 2026 Reported Earnings • May 20
Full year 2026 earnings released: JP¥0.46 loss per share (vs JP¥16.90 loss in FY 2025) Full year 2026 results: JP¥0.46 loss per share (improved from JP¥16.90 loss in FY 2025). Revenue: JP¥14.7b (down 6.5% from FY 2025). Net loss: JP¥4.00m (loss narrowed 98% from FY 2025). Profit margin: 0% (up from net loss in FY 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Duyuru • May 15
Papyless Co., Ltd., Annual General Meeting, Jun 25, 2026 Papyless Co., Ltd., Annual General Meeting, Jun 25, 2026. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 60% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.4%). Reported Earnings • Feb 11
Third quarter 2026 earnings released: EPS: JP¥7.17 (vs JP¥2.76 in 3Q 2025) Third quarter 2026 results: EPS: JP¥7.17 (up from JP¥2.76 in 3Q 2025). Revenue: JP¥3.60b (down 7.3% from 3Q 2025). Net income: JP¥62.0m (up 130% from 3Q 2025). Profit margin: 1.7% (up from 0.7% in 3Q 2025). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Duyuru • Dec 20
Papyless Co., Ltd. to Report Q3, 2026 Results on Feb 10, 2026 Papyless Co., Ltd. announced that they will report Q3, 2026 results on Feb 10, 2026 Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: JP¥7.19 (vs JP¥40.45 loss in 2Q 2025) Second quarter 2026 results: EPS: JP¥7.19 (up from JP¥40.45 loss in 2Q 2025). Revenue: JP¥3.86b (down 7.2% from 2Q 2025). Net income: JP¥62.0m (up JP¥461.0m from 2Q 2025). Profit margin: 1.6% (up from net loss in 2Q 2025). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Duyuru • Sep 06
Papyless Co., Ltd. to Report Q2, 2026 Results on Nov 10, 2025 Papyless Co., Ltd. announced that they will report Q2, 2026 results on Nov 10, 2025 Reported Earnings • Aug 11
First quarter 2026 earnings released: EPS: JP¥0.12 (vs JP¥18.95 in 1Q 2025) First quarter 2026 results: EPS: JP¥0.12 (down from JP¥18.95 in 1Q 2025). Revenue: JP¥3.60b (down 10% from 1Q 2025). Net income: JP¥1.00m (down 100% from 1Q 2025). Profit margin: 0% (down from 4.7% in 1Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 78 percentage points per year, which is a significant difference in performance. Duyuru • Jun 17
Papyless Co., Ltd. to Report Q1, 2026 Results on Aug 08, 2025 Papyless Co., Ltd. announced that they will report Q1, 2026 results on Aug 08, 2025 Reported Earnings • May 20
Full year 2025 earnings released: JP¥16.90 loss per share (vs JP¥21.87 profit in FY 2024) Full year 2025 results: JP¥16.90 loss per share (down from JP¥21.87 profit in FY 2024). Revenue: JP¥15.8b (down 8.2% from FY 2024). Net loss: JP¥164.0m (down 176% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Duyuru • May 15
Papyless Co., Ltd., Annual General Meeting, Jun 25, 2025 Papyless Co., Ltd., Annual General Meeting, Jun 25, 2025. Buy Or Sell Opportunity • Apr 03
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.2% to JP¥862. The fair value is estimated to be JP¥1,080, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.5% over the last 3 years. Meanwhile, the company became loss making. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.7%). Lower than average of industry peers (1.5%). Duyuru • Mar 07
Papyless Co., Ltd. to Report Fiscal Year 2025 Results on May 15, 2025 Papyless Co., Ltd. announced that they will report fiscal year 2025 results on May 15, 2025 Buy Or Sell Opportunity • Feb 13
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at JP¥906. The fair value is estimated to be JP¥1,137, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.5% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: JP¥2.76 (vs JP¥1.40 in 3Q 2024) Third quarter 2025 results: EPS: JP¥2.76 (up from JP¥1.40 in 3Q 2024). Revenue: JP¥3.88b (down 5.9% from 3Q 2024). Net income: JP¥27.0m (up 93% from 3Q 2024). Profit margin: 0.7% (up from 0.3% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 54% 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. Duyuru • Dec 12
Papyless Co., Ltd. to Report Q3, 2025 Results on Feb 10, 2025 Papyless Co., Ltd. announced that they will report Q3, 2025 results on Feb 10, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: JP¥40.45 loss per share (vs JP¥1.79 profit in 2Q 2024) Second quarter 2025 results: JP¥40.45 loss per share (down from JP¥1.79 profit in 2Q 2024). Revenue: JP¥4.16b (down 10.0% from 2Q 2024). Net loss: JP¥399.0m (down JP¥417.0m from profit in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 43% 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. Duyuru • Oct 01
Papyless Co., Ltd. to Report Q2, 2025 Results on Nov 08, 2024 Papyless Co., Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Duyuru • Aug 16
Papyless Co., Ltd. (TSE:3641) announces an Equity Buyback for 600,000 shares, representing 6.02% for ¥700 million. Papyless Co., Ltd. (TSE:3641) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 shares, representing 6.02% of its issued share capital, for ¥700 million. The purpose of the acquisition of treasury stock is to implement a flexible capital policy that responds to changes in the business environment.. The program will be valid till March 21, 2025. As of August 15, 2024, the company had 9,970,063 issued shares and 356,817 shares in treasury. Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: JP¥18.95 (vs JP¥2.59 in 1Q 2024) First quarter 2025 results: EPS: JP¥18.95 (up from JP¥2.59 in 1Q 2024). Revenue: JP¥4.01b (down 7.9% from 1Q 2024). Net income: JP¥187.0m (up JP¥162.0m from 1Q 2024). Profit margin: 4.7% (up from 0.6% in 1Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Duyuru • Jun 06
Papyless Co., Ltd. to Report Q1, 2025 Results on Aug 09, 2024 Papyless Co., Ltd. announced that they will report Q1, 2025 results on Aug 09, 2024 Reported Earnings • May 21
Full year 2024 earnings released: EPS: JP¥21.87 (vs JP¥71.65 in FY 2023) Full year 2024 results: EPS: JP¥21.87 (down from JP¥71.65 in FY 2023). Revenue: JP¥17.2b (down 7.8% from FY 2023). Net income: JP¥217.0m (down 67% from FY 2023). Profit margin: 1.3% (down from 3.5% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Duyuru • May 17
Papyless Co., Ltd., Annual General Meeting, Jun 26, 2024 Papyless Co., Ltd., Annual General Meeting, Jun 26, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 27 June 2024. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.2%). Lower than average of industry peers (1.3%). Duyuru • Mar 03
Papyless Co., Ltd. to Report Fiscal Year 2024 Results on May 10, 2024 Papyless Co., Ltd. announced that they will report fiscal year 2024 results on May 10, 2024 Duyuru • Feb 15
Papyless Co., Ltd. (TSE:3641) announces an Equity Buyback for 500,000 shares, representing 4.97% of its issued share capital. Papyless Co., Ltd. (TSE:3641) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 4.97% of its issued share capital, for ¥700 million. The purpose of the acquisition of treasury stock is to implement a flexible capital policy. The program will be valid till August 31, 2024. As of February 15, 2024, the company had 10,064,963 issued shares and 261,917 shares in treasury. Reported Earnings • Feb 11
Third quarter 2024 earnings released: EPS: JP¥1.40 (vs JP¥9.91 in 3Q 2023) Third quarter 2024 results: EPS: JP¥1.40 (down from JP¥9.91 in 3Q 2023). Revenue: JP¥4.12b (down 7.7% from 3Q 2023). Net income: JP¥14.0m (down 85% from 3Q 2023). Profit margin: 0.3% (down from 2.0% in 3Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Duyuru • Dec 03
Papyless Co., Ltd. to Report Q3, 2024 Results on Feb 09, 2024 Papyless Co., Ltd. announced that they will report Q3, 2024 results on Feb 09, 2024 New Risk • Nov 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.7% Last year net profit margin: 4.0% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 15% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (2.7% net profit margin). Shareholders have been diluted in the past year (9.4% increase in shares outstanding). Market cap is less than US$100m (JP¥8.78b market cap, or US$58.0m). Duyuru • Sep 24
Papyless Co., Ltd. to Report Q2, 2024 Results on Nov 10, 2023 Papyless Co., Ltd. announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: JP¥2.59 (vs JP¥13.78 in 1Q 2023) First quarter 2024 results: EPS: JP¥2.59 (down from JP¥13.78 in 1Q 2023). Revenue: JP¥4.36b (down 10% from 1Q 2023). Net income: JP¥25.0m (down 80% from 1Q 2023). Profit margin: 0.6% (down from 2.6% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 33% per year whereas the company’s share price has fallen by 31% per year. Duyuru • Aug 11
Papyless Co., Ltd. (TSE:3641) announces an Equity Buyback for 500,000 shares, representing 4.88% for ¥700 million. Papyless Co., Ltd. (TSE:3641) announces a share repurchase program. Under the program, the company will repurchase up to 500,000 shares, representing 4.88% of its issued share capital for ¥700 million. The purpose of the program is to implement a flexible capital policy that responds to changes in the business environment, we will acquire treasury stock. The program is valid till February 29, 2024. As of August 10, 2023, the company had 10,245,963 shares issued (excluding treasury stock) and 80,917 shares in treasury. New Risk • Jul 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 10% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.5% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (10% increase in shares outstanding). Market cap is less than US$100m (JP¥8.87b market cap, or US$63.7m). Duyuru • Jun 18
Papyless Co., Ltd. to Report Q1, 2024 Results on Aug 10, 2023 Papyless Co., Ltd. announced that they will report Q1, 2024 results on Aug 10, 2023 Reported Earnings • May 18
Full year 2023 earnings released: EPS: JP¥71.65 (vs JP¥78.15 in FY 2022) Full year 2023 results: EPS: JP¥71.65 (down from JP¥78.15 in FY 2022). Revenue: JP¥18.6b (down 10.0% from FY 2022). Net income: JP¥657.0m (down 13% from FY 2022). Profit margin: 3.5% (in line with FY 2022). Over the last 3 years on average, earnings per share has fallen by 25% per year whereas the company’s share price has fallen by 21% per year. Duyuru • May 17
Papyless Co., Ltd., Annual General Meeting, Jun 26, 2023 Papyless Co., Ltd., Annual General Meeting, Jun 26, 2023. Valuation Update With 7 Day Price Move • Apr 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,076, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 12x in the Specialty Retail industry in Japan. Total loss to shareholders of 48% over the past three years. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 27 June 2023. Payout ratio is a comfortable 16% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (1.5%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥9.91 (vs JP¥31.42 in 3Q 2022) Third quarter 2023 results: EPS: JP¥9.91 (down from JP¥31.42 in 3Q 2022). Revenue: JP¥4.46b (down 7.4% from 3Q 2022). Net income: JP¥91.0m (down 70% from 3Q 2022). Profit margin: 2.0% (down from 6.2% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year whereas the company’s share price has fallen by 19% per year. Duyuru • Dec 04
Papyless Co., Ltd. to Report Q3, 2023 Results on Feb 10, 2023 Papyless Co., Ltd. announced that they will report Q3, 2023 results on Feb 10, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥9.71 (vs JP¥6.32 in 2Q 2022) Second quarter 2023 results: EPS: JP¥9.71 (up from JP¥6.32 in 2Q 2022). Revenue: JP¥4.93b (down 10.0% from 2Q 2022). Net income: JP¥89.0m (up 44% from 2Q 2022). Profit margin: 1.8% (up from 1.1% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 18% per year, which means it is performing significantly worse than earnings. Board Change • Nov 16
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. 6 non-independent directors. Corporate Auditor Kiyohito Saito was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 12
Second quarter 2023 earnings released: EPS: JP¥9.71 (vs JP¥6.32 in 2Q 2022) Second quarter 2023 results: EPS: JP¥9.71 (up from JP¥6.32 in 2Q 2022). Revenue: JP¥4.93b (down 10.0% from 2Q 2022). Net income: JP¥89.0m (up 44% from 2Q 2022). Profit margin: 1.8% (up from 1.1% in 2Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings. Duyuru • Sep 03
Papyless Co., Ltd. to Report Q2, 2023 Results on Nov 10, 2022 Papyless Co., Ltd. announced that they will report Q2, 2023 results on Nov 10, 2022 Reported Earnings • Aug 12
First quarter 2023 earnings released: EPS: JP¥13.78 (vs JP¥13.15 in 1Q 2022) First quarter 2023 results: EPS: JP¥13.78. Revenue: JP¥4.85b (down 12% from 1Q 2022). Net income: JP¥126.0m (down 3.1% from 1Q 2022). Profit margin: 2.6% (up from 2.4% in 1Q 2022). The increase in margin was driven by lower expenses. Duyuru • Jul 01
Papyless Co., Ltd. to Report Q1, 2023 Results on Aug 10, 2022 Papyless Co., Ltd. announced that they will report Q1, 2023 results on Aug 10, 2022 Duyuru • May 18
Papyless Co., Ltd., Annual General Meeting, Jun 24, 2022 Papyless Co., Ltd., Annual General Meeting, Jun 24, 2022. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥78.14 (vs JP¥156 in FY 2021) Full year 2022 results: EPS: JP¥78.14 (down from JP¥156 in FY 2021). Revenue: JP¥20.7b (down 19% from FY 2021). Net income: JP¥751.0m (down 51% from FY 2021). Profit margin: 3.6% (down from 6.1% in FY 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Buying Opportunity • May 02
Now 21% undervalued Over the last 90 days, the stock is up 1.6%. The fair value is estimated to be JP¥1,581, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years. Earnings per share has declined by 2.9%. Board Change • Apr 27
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. 6 non-independent directors. Corporate Auditor Kiyohito Saito was the last director to join the board, commencing their role in 2020. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Apr 07
Papyless Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Papyless Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.7%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (1.1%). Reported Earnings • Feb 12
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥31.41 (down from JP¥54.56 in 3Q 2021). Revenue: JP¥4.82b (down 21% from 3Q 2021). Net income: JP¥298.0m (down 45% from 3Q 2021). Profit margin: 6.2% (down from 8.8% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. Duyuru • Dec 16
Papyless Co., Ltd. (JASDAQ:3641) announces an Equity Buyback for 300,000 shares, representing 3.12% for ¥500 million. Papyless Co., Ltd. (JASDAQ:3641) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 3.12% of its issued share capital for ¥500 million. The purpose of the program is to carry out a flexible capital policy in response to changes in the business environment. The program is valid till March 31, 2022. As of December 15, 2021, the company had 9,615,186 shares issued (excluding treasury stock) and 711,694 shares in treasury. Reported Earnings • Nov 11
Second quarter 2022 earnings released: EPS JP¥6.32 (vs JP¥38.57 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥5.48b (down 16% from 2Q 2021). Net income: JP¥62.0m (down 84% from 2Q 2021). Profit margin: 1.1% (down from 5.8% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 15
First quarter 2022 earnings released: EPS JP¥13.15 (vs JP¥44.63 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥5.52b (down 18% from 1Q 2021). Net income: JP¥130.0m (down 70% from 1Q 2021). Profit margin: 2.4% (down from 6.5% in 1Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Duyuru • Aug 11
Papyless Co., Ltd. (JASDAQ:3641) announces an Equity Buyback for 250,000 shares, representing 2.47% for ¥500 million. Papyless Co., Ltd. (JASDAQ:3641) announces a share repurchase program. Under the program, the company will repurchase 250,000 shares, representing 2.47% of the outstanding shares for ¥500 million. The purpose of the program is to implement a flexible capital policy in response to changes in the business environment. The program will run until February 10, 2022. As of August 10, 2021, the company had 10,115,186 shares outstanding and 211,694 shares in treasury. Reported Earnings • May 17
Full year 2021 earnings released: EPS JP¥156 (vs JP¥97.45 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥25.4b (up 8.8% from FY 2020). Net income: JP¥1.54b (up 60% from FY 2020). Profit margin: 6.1% (up from 4.1% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥10.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 0.4%. Lower than top quartile of Japanese dividend payers (2.7%). Lower than average of industry peers (0.7%). Is New 90 Day High Low • Feb 24
New 90-day low: JP¥2,165 The company is down 6.0% from its price of JP¥2,315 on 26 November 2020. The Japanese market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 14% over the same period. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS JP¥54.55 (vs JP¥22.22 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥6.14b (up 5.2% from 3Q 2020). Net income: JP¥539.0m (up 144% from 3Q 2020). Profit margin: 8.8% (up from 3.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 12% per year and the company’s share price has also increased by 12% per year. Is New 90 Day High Low • Jan 28
New 90-day low: JP¥2,180 The company is down 18% from its price of JP¥2,656 on 30 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 2.0% over the same period. Is New 90 Day High Low • Dec 28
New 90-day low: JP¥2,231 The company is down 24% from its price of JP¥2,919 on 29 September 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is down 9.0% over the same period. Duyuru • Dec 11
Papyless Co., Ltd. to Report Q3, 2021 Results on Feb 10, 2021 Papyless Co., Ltd. announced that they will report Q3, 2021 results on Feb 10, 2021 Is New 90 Day High Low • Dec 07
New 90-day low: JP¥2,257 The company is down 16% from its price of JP¥2,701 on 08 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 Online Retail industry, which is flat over the same period. Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS JP¥38.57 The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥6.54b (up 12% from 2Q 2020). Net income: JP¥380.0m (up 88% from 2Q 2020). Profit margin: 5.8% (up from 3.5% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Nov 02
New 90-day low: JP¥2,563 The company is down 4.0% from its price of JP¥2,668 on 04 August 2020. The Japanese market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Online Retail industry, which is up 4.0% over the same period. Is New 90 Day High Low • Oct 15
New 90-day high: JP¥2,935 The company is up 21% from its price of JP¥2,416 on 17 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 34% over the same period. Is New 90 Day High Low • Sep 25
New 90-day high: JP¥2,891 The company is up 18% from its price of JP¥2,452 on 26 June 2020. The Japanese market is up 3.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Online Retail industry, which is up 27% over the same period. Duyuru • Sep 12
Papyless Co., Ltd. to Report Q2, 2021 Results on Nov 10, 2020 Papyless Co., Ltd. announced that they will report Q2, 2021 results on Nov 10, 2020 Duyuru • Jun 29
Papyless Co., Ltd. to Report Q1, 2021 Results on Aug 11, 2020 Papyless Co., Ltd. announced that they will report Q1, 2021 results on Aug 11, 2020 
