Revenue RecoveryA clear top-line rebound indicates renewed demand or better product mix that can underpin sustainable growth. If management sustains revenue expansion, fixed-cost absorption improves and the business is better positioned to fund R&D, content, and marketing for longer-term market share gains.

Manageable LeverageModerate debt levels reduce refinancing and solvency risk versus highly leveraged peers. With equity growth and steady total debt, the company has balance-sheet flexibility to invest through cycles, absorb shocks, and selectively finance strategic initiatives without immediate liquidity strain.

High Gross MarginA stable, high gross margin signals durable product or content economics and pricing power versus peers. This structural margin buffer supports reinvestment in content, marketing and technology while helping the company maintain operating leverage as revenue scales, improving long-run profitability potential.

Bears Say

Uneven Cash GenerationInconsistent OCF and free cash flow undermine planning for capex, content spend, dividends or buybacks. FCF in 2025 covered only about half of net income, highlighting sensitivity to working capital and investments; persistent volatility limits financing optionality and raises execution risk.

Margin VolatilityLarge year-to-year swings in operating and net margins signal exposure to cost pressure, mix shifts, or episodic expenses. Such variability reduces predictability of returns on invested capital and complicates capital allocation, making long-term profitability and ROI less reliable for investors.

Historic Operating VolatilityRecurring volatility in results and cash conversion increases business risk and makes multi-year forecasting difficult. Management must demonstrate consistent execution to convert revenue growth into stable profits and cash, otherwise the company remains exposed to cyclical downturns and working-capital swings.

3904 FAQ

What was KAYAC, Inc.’s price range in the past 12 months?

KAYAC, Inc. lowest stock price was ¥332.00 and its highest was ¥606.00 in the past 12 months.

What is KAYAC, Inc.’s market cap?

KAYAC, Inc.’s market cap is ¥7.07B.

When is KAYAC, Inc.’s upcoming earnings report date?

KAYAC, Inc.’s upcoming earnings report date is May 07, 2026 which is in 51 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.