Dive Inc. (151A) AI Stock Analysis

• Market Cap: ¥5.45B
• Dividend Yield: N/A
• Average Volume (3M): 40.41K
• Price to Earnings (P/E): 13.8
• Beta (1Y): 0.86
• Revenue Growth: 9.09%
• EPS Growth: 42.47%
• Country: JP
• Employees: 156
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): N/A
• Shares Outstanding: 8,598,975
• 10 Day Avg. Volume: 32,830
• 30 Day Avg. Volume: 40,413
• PEG Ratio: 0.45
• Price to Book (P/B): 3.58
• Price to Sales (P/S): 0.59
• P/FCF Ratio: 45.61
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: ¥669.00 ▼(-2.34% Downside)
• Action: Reiterated Date: 10/23/25
• Date: Action: Reiterated 10/23/25

Dive Inc. demonstrates strong financial performance with robust revenue growth and improving profitability, which significantly contributes to its overall score. However, the technical analysis indicates bearish momentum, which negatively impacts the stock's outlook. The valuation is reasonable, but the lack of a dividend yield may deter some investors.

Positive Factors

Strong revenue growth

A sustained rise in revenue from $8.27B to $13.78B over two years denotes durable demand expansion and better market penetration. This scale gain supports reinvestment, builds customer relationships, and creates a larger base for long-term margin and cash generation improvements.

Improving profitability & margins

Stable gross margins alongside rising net, EBIT and EBITDA margins indicate sustained operational improvements and effective cost control. These margin trends suggest the company can convert revenue growth into lasting profit and cash flow, enhancing long-term earnings resilience.

Stronger balance sheet with reduced leverage

A falling debt-to-equity ratio and solid equity base improve financial flexibility and reduce solvency risk. Strong ROE alongside healthier capital structure supports sustainable investment in growth initiatives and cushions the firm versus cyclical headwinds or unexpected cash needs.

Negative Factors

Decline in operating cash flow

A year-over-year drop in operating cash flow, even with positive levels, signals potential working-capital or timing pressures that can weaken cash conversion. If persistent, this reduces internal funding for capex, hiring, or acquisitions and may stress liquidity during slower demand periods.

Absence of dividend yield

No dividend policy constrains direct shareholder income returns and may narrow the investor base by reducing appeal to income or yield-focused funds. Over time this can influence capital allocation expectations and put pressure on management to pursue alternative return mechanisms.

Limited investor communication/guidance

The absence of earnings call disclosures or formal guidance reduces forward visibility into strategy and execution. Limited communication can impede investor confidence and makes it harder to assess management's plans for sustaining growth and margins over the medium term.

Dive Inc. Business Overview & Revenue Model

Company Description

Dive, Inc. engages in staffing and recruitment business specializing in resort work, accommodation facility management business, and Information system solution business. The company was founded on March 29, 2002 and is headquartered in Tokyo, Japan.

Dive Inc. Financial Statement Overview

Summary

Dive Inc. exhibits strong financial health with robust revenue growth and improving profitability. The balance sheet reflects a stable financial position with reduced leverage. Cash flow improvements, particularly in free cash flow, enhance the company's liquidity profile.

Income Statement

Dive Inc. has demonstrated strong revenue growth, with a significant increase from $8.27 billion in 2023 to $13.78 billion in 2025. The gross profit margin has remained stable, indicating effective cost management. The net profit margin has improved, reflecting enhanced profitability. EBIT and EBITDA margins have also shown positive trends, suggesting operational efficiency improvements.

Balance Sheet

The company's debt-to-equity ratio has decreased over time, indicating improved financial leverage. Return on equity has been strong, showcasing effective use of equity capital. The equity ratio suggests a solid capital structure, with a healthy proportion of equity financing.

Cash Flow

Operating cash flow has been positive, but there was a decline in 2025 compared to 2024. Free cash flow has improved significantly, turning positive in 2025, which is a positive sign for liquidity. The operating cash flow to net income ratio indicates a strong ability to convert income into cash.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022
Income Statement
Total Revenue	12.36B	13.78B	12.36B	8.27B	4.01B
Gross Profit	2.88B	3.35B	2.88B	2.02B	903.01M
EBITDA	610.89M	870.44M	610.89M	155.98M	-57.34M
Net Income	321.00M	454.62M	321.00M	168.35M	11.49M
Balance Sheet
Total Assets	4.33B	4.46B	4.33B	3.15B	2.35B
Cash, Cash Equivalents and Short-Term Investments	2.04B	2.07B	2.04B	1.78B	1.58B
Total Debt	358.89M	406.98M	358.89M	597.50M	832.65M
Total Liabilities	2.43B	2.19B	2.43B	2.19B	1.55B
Stockholders Equity	1.90B	2.27B	1.90B	963.84M	795.49M
Cash Flow
Free Cash Flow	169.34K	178.52M	128.14M	414.74M	174.27M
Operating Cash Flow	501.13K	268.44M	626.22M	587.92M	210.62M
Investing Cash Flow	-500.28K	-210.50M	-728.41M	-156.43M	-64.77M
Financing Cash Flow	316.09K	-30.45M	362.51M	-235.16M	-234.48M

Dive Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 685.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:151A, the sentiment is Negative. The current price of 685 is above the 20-day moving average (MA) of 656.80, below the 50-day MA of 685.90, and below the 200-day MA of 768.79, indicating a bearish trend. The MACD of -13.50 indicates Positive momentum. The RSI at 42.65 is Neutral, neither overbought nor oversold. The STOCH value of 22.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:151A.

Dive Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2410	79 Outperform	¥12.51B	12.25	―	4.18%	5.14%	17.12%
3991	78 Outperform	¥10.38B	13.11	―	1.72%	3.95%	4.50%
6539	73 Outperform	¥25.95B	24.11	―	5.45%	21.90%	0.46%
4433	64 Neutral	¥16.24B	65.84	―	3.66%	8.62%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
151A	63 Neutral	¥5.45B	13.85	―	―	9.09%	42.47%
3900	51 Neutral	¥10.68B	426.22	―	2.24%	32.39%	-127.51%