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KAYAC, Inc. (JP:3904)
:3904
Japanese Market

KAYAC, Inc. (3904) Price & Analysis

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3904 Stock Chart & Stats

¥502.00
¥11.00(2.43%)
At close: 4:00 PM EST
¥502.00
¥11.00(2.43%)

Bulls Say, Bears Say

Bulls Say
Diversified Business ModelKAYAC's mix of gaming, advertising and web services spreads revenue sources across product types and monetization models (in‑game purchases, ads, subscriptions). This structural diversification reduces single-market dependence and supports steadier revenue over business cycles.
Revenue RecoveryA clear revenue rebound in 2025 indicates the company's ability to regain demand and execute on its product pipeline. Durable top‑line recovery improves prospects for operating leverage, supports reinvestment, and signals resilience of core offerings versus transient weakness.
Consistent Gross MarginsSustained gross margins around the low‑50% range show persistent unit economics strength in digital content and services. Healthy gross margins create room to absorb SG&A and R&D, enabling margin expansion as revenue normalizes and supporting long‑term profitability.
Bears Say
Cash Conversion VolatilityInconsistent cash conversion — a sharp swing from negative FCF in 2024 to modest positive FCF in 2025 that covers ~50% of net income — undermines durable cash generation. This constrains reinvestment, dividend consistency, and the ability to absorb shocks without relying on external financing.
Margins Below Prior PeaksAlthough profitability improved versus 2024, current net margins remain well under earlier peak levels. This indicates sensitivity to cost pressures and revenue mix, limiting long‑term earnings power and making sustained return improvement dependent on structural cost or pricing gains.
Rising Leverage TrendLeverage remains manageable but has increased versus 2023, reflecting a less conservative balance sheet. A rising debt trend reduces financial flexibility for M&A, product investment, or cushioning downturns, and raises sensitivity to interest costs if the company cannot sustainably grow operating cash flow.

3904 FAQ

What was KAYAC, Inc.’s price range in the past 12 months?
KAYAC, Inc. lowest stock price was ¥353.00 and its highest was ¥606.00 in the past 12 months.
    What is KAYAC, Inc.’s market cap?
    KAYAC, Inc.’s market cap is ¥6.98B.
      When is KAYAC, Inc.’s upcoming earnings report date?
      KAYAC, Inc.’s upcoming earnings report date is May 14, 2026 which is in 34 days.
        How were KAYAC, Inc.’s earnings last quarter?
        KAYAC, Inc. released its earnings results on Feb 16, 2026. The company reported ¥2.47 earnings per share for the quarter, beating the consensus estimate of N/A by ¥2.47.
          Is KAYAC, Inc. overvalued?
          According to Wall Street analysts KAYAC, Inc.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does KAYAC, Inc. pay dividends?
            KAYAC, Inc. pays a Annually dividend of ¥3.9 which represents an annual dividend yield of 0.75%. See more information on KAYAC, Inc. dividends here
              What is KAYAC, Inc.’s EPS estimate?
              KAYAC, Inc.’s EPS estimate for its next earnings report is not yet available.
              How many shares outstanding does KAYAC, Inc. have?
              KAYAC, Inc. has 16,108,800 shares outstanding.
                What happened to KAYAC, Inc.’s price movement after its last earnings report?
                KAYAC, Inc. reported an EPS of ¥2.47 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 13.043%.
                  Which hedge fund is a major shareholder of KAYAC, Inc.?
                  Currently, no hedge funds are holding shares in JP:3904
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    KAYAC, Inc.

                    KAYAC Inc. engages in the game-related business in Japan. It also operates a game community under the name Lobi; Tonamel, a tournament format where organizers manage their tournaments; and Pla-cole, a matching service for couples and wedding planners, as well as provides esports event planning and management, distribution, and production services under the Well Played name. In addition, the company offers home funeral, real estate, and trading services. KAYAC Inc. was founded in 1998 and is headquartered in Kamakura, Japan.

                    KAYAC, Inc. (3904) Earnings & Revenues

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