Thinca Co., Ltd. (JP:149A)
:149A
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Thinca Co., Ltd.
(149A)
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Rating:68Neutral
Price Target:
¥1,095.00
▲(32.73% Upside)
Action:ReiteratedDate:04/02/26
The score is primarily supported by strong top-line scaling, high gross margins, and a low-leverage balance sheet, alongside a clear technical uptrend. The biggest constraint is valuation (high P/E) and the recent compression and variability in profitability and cash-flow momentum.
Positive Factors
High gross margins
Sustained gross margins near 80% reflect a classic high‑margin software application model with pricing power and low incremental cost to serve. Over 2–6 months this underpins margin durability, funds R&D/sales reinvestment, and supports long‑term cash conversion potential.
Negative Factors
Volatile profitability
Sharp margin compression after 2023 indicates structural pressure from rising operating costs or heavier reinvestment. This volatility undermines earnings predictability and raises execution risk for sustaining prior profitability levels over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
Sustained gross margins near 80% reflect a classic high‑margin software application model with pricing power and low incremental cost to serve. Over 2–6 months this underpins margin durability, funds R&D/sales reinvestment, and supports long‑term cash conversion potential.
Read all positive factors
Thinca Co., Ltd. (149A) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.11B
Dividend YieldN/A
Average Volume (3M)6.34K
Price to Earnings (P/E)56.8
Beta (1Y)0.74
Revenue Growth21.34%
EPS Growth99.62%
CountryJP
Employees71
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-1.15
Shares Outstanding3,214,320
10 Day Avg. Volume3,900
30 Day Avg. Volume6,343
Financial Highlights & Ratios
PEG Ratio0.34
Price to Book (P/B)2.33
Price to Sales (P/S)1.66
P/FCF Ratio35.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Thinca Co., Ltd. Business Overview & Revenue Model
Company Description
Thinca Co., Ltd. provides information technology system planning, development and operation services for cloud based products. It operates through a single segment namely Caicra Business. The company was founded by Takahiro Ejiri on January 8, 201...
How the Company Makes Money
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Thinca Co., Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
78
Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 702.75M | 1.46B | 1.23B | 1.04B | 768.27M | 577.09M |
| Gross Profit | 582.93M | 1.20B | 990.92M | 854.00M | 597.66M | 444.73M |
| EBITDA | 46.96M | 82.90M | 103.28M | 121.48M | -138.61M | -85.02M |
| Net Income | 27.40M | 42.95M | 16.07M | 108.90M | -136.12M | -89.78M |
Balance Sheet | ||||||
| Total Assets | 1.25B | 1.28B | 1.51B | 810.92M | 716.13M | 529.14M |
| Cash, Cash Equivalents and Short-Term Investments | 979.64M | 984.50M | 972.05M | 319.54M | 218.52M | 416.43M |
| Total Debt | 60.00M | 60.00M | 90.00M | 23.98M | 34.53M | 37.83M |
| Total Liabilities | 229.30M | 232.22M | 533.24M | 418.98M | 433.10M | 109.98M |
| Stockholders Equity | 1.02B | 1.05B | 978.01M | 391.94M | 283.04M | 419.16M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 69.65M | 60.52M | 141.50M | -194.26M | -120.48M |
| Operating Cash Flow | 0.00 | 79.34M | 101.62M | 146.66M | -185.70M | -97.26M |
| Investing Cash Flow | 0.00 | -63.38M | -64.92M | -35.08M | -8.92M | 22.01M |
| Financing Cash Flow | 0.00 | -3.50M | 615.81M | -10.56M | -3.30M | -3.30M |
Thinca Co., Ltd. Technical Analysis
Positive
825.00
Price Trends
844.86
Positive
824.12
Positive
890.23
Positive
Market Momentum
51.81
Positive
50.78
Neutral
3.50
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:149A, the sentiment is Positive. The current price of 825 is below the 20-day moving average (MA) of 986.35, below the 50-day MA of 844.86, and below the 200-day MA of 890.23, indicating a neutral trend. The MACD of 51.81 indicates Positive momentum. The RSI at 50.78 is Neutral, neither overbought nor oversold. The STOCH value of 3.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:149A.
Thinca Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥6.14B | 10.91 | ― | 1.87% | 6.18% | 29.79% | |
69 Neutral | ¥3.08B | 27.18 | ― | ― | 13.48% | 61.77% | |
68 Neutral | ¥3.11B | 56.75 | ― | ― | 21.34% | 99.62% | |
66 Neutral | ¥4.89B | 21.99 | ― | ― | 7.60% | 19.13% | |
63 Neutral | ¥5.18B | 9.17 | ― | 2.28% | ― | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | ¥2.21B | -91.39 | ― | ― | -14.55% | -8.13% |
* Technology Sector Average
JP:149A
Thinca Co., Ltd.
966.00
-105.00
-9.80%
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2,405.00
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.