Top-line Recovery & GrowthA clear revenue rebound in 2025 demonstrates the company can regain growth after a weak year, supporting scale and platform monetization. Over a 2–6 month horizon this underpins steadier sales momentum, better capacity utilization and the ability to fund product development and marketing investments.

Healthy Gross MarginsA roughly 54% gross margin signals solid core product economics and pricing power in gaming and multimedia. Stable gross margins give management room to absorb SG&A and R&D while still driving operating leverage if revenue grows, supporting sustainable profitability when scale improves.

Manageable Leverage And Equity GrowthModerate leverage with improving equity provides financial resilience versus highly levered peers. Steady total debt limits near-term refinancing pressure, allowing the company to invest or withstand cyclical downturns without forcing asset sales or drastic cost cutting if revenue temporarily softens.

Bears Say

Profitability Still Below Prior PeaksAlthough margins improved from 2024, net profitability is materially below earlier peak years, indicating a less favorable product mix or higher structural costs. Persistently lower margins reduce retained earnings and constrain long-term return-on-invested-capital absent margin recovery.

Uneven Cash-generation ConsistencyThe firm can generate meaningful cash in good years, yet free cash flow covered only about half of net income in 2025 and 2024 had shortfalls. Sensitivity to working-capital swings and investment timing reduces predictability of internal funding for growth or dividends.

Balance Sheet Not Pristine; Performance-dependentModerate leverage plus past swings in shareholder returns mean the company still needs sustained operating improvement to comfortably carry obligations through weak years. This reliance on performance continuity limits strategic flexibility and raises risk in slower demand periods.

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 ¥8.10B.

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

KAYAC, Inc.’s upcoming earnings report date is May 07, 2026 which is in 77 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.