Fantasista Co.,Ltd (1783) AI Stock Analysis

• Market Cap: ¥11.73B
• Dividend Yield: N/A
• Average Volume (3M): 706.79K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.72
• Revenue Growth: 7.00%
• EPS Growth: -182.47%
• Country: JP
• Employees: 29
• Sector: Real Estate
• Sector Strength: 53
• Industry: Engineering & Construction
• EPS (TTM): 0.46
• Shares Outstanding: 170,042,850
• 10 Day Avg. Volume: 522,120
• 30 Day Avg. Volume: 706,786
• PEG Ratio: 0.19
• Price to Book (P/B): 1.55
• Price to Sales (P/S): 1.05
• P/FCF Ratio: 4.69
• 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: 55 Neutral
• Price Target: ¥74.00 ▲(21.31% Upside)
• Action: Reiterated Date: 02/25/26
• Date: Action: Reiterated 02/25/26

The score is held back primarily by weak fundamentals (declining revenue and negative profitability), partially offset by improved leverage and better cash flow coverage. Technicals are constructive with price above major moving averages and a positive MACD, but overbought readings increase near-term risk. Valuation is pressured by losses (negative P/E) and the absence of a dividend yield.

Positive Factors

Improved leverage / lower financial risk

A lower debt-to-equity ratio (0.39) indicates the company has reduced leverage and improved financial flexibility. That durability reduces refinancing risk, supports investment capacity and resilience through cyclical construction demand across the next several months.

Positive operating cash flow and strong cash conversion

Sustained positive operating cash flow and a free cash flow to net income ratio near 0.85 show cash generation quality. This improves ability to fund operations, service debt and invest selectively without relying on external capital over a multi-month horizon.

Stable capital structure / equity base

A stable equity ratio signals a sound capital base that can absorb short-term losses and support project execution. For an engineering & construction firm, this structural stability underpins bid credibility and access to supplier or bank arrangements over the coming months.

Negative Factors

Declining revenue and negative profitability

Falling revenues and a negative net margin reflect weakening core demand or loss of project profitability. Continued top-line contraction and unprofitable operations undermine long-term cash generation and make reinvestment or scale-up more difficult across the next 2-6 months.

Negative return on equity (ROE) and shareholder inefficiency

A negative ROE indicates the company is destroying shareholder value rather than creating it. Persistent negative returns constrain retained earnings and investor support, limiting ability to finance growth or absorb margin pressure without structural changes.

Eroding margins and weak operational profitability

Declining gross margins and low EBIT/EBITDA margins point to cost pressures or pricing weakness in its contracts. Sustained margin compression impairs cash flow conversion and competitiveness, requiring either cost restructuring or higher-margin contract wins to restore profitability.

Fantasista Co.,Ltd Business Overview & Revenue Model

Company Description

Fantasista Co., Ltd. engages in the real estate business in Japan. The company is involved in the ownership, use, purchase, sale, rental, brokerage, management, and operation of real estate; buying, selling, management, and holding of securities and securities related to the liquidation of assets, such as real estate and receivables, as well as consulting services; and planning, research, construction, design consulting services related to urban development and planning. It also offers consulting services related to real estate investment and management; Sokugai.jp, a real estate matching site; and Re:Camp premium service, an after-sales support. In addition, the company imports, manufactures, and sells health foods and health-related equipment; imports and sells cosmetics, supplements, pharmaceuticals, feed related products, and miscellaneous goods; and is involved in real estate and energy related business. The company was formerly known as Asia Gate Holdings Co., Ltd. and changed its name to Fantasista Co., Ltd. in December 2023. Fantasista Co., Ltd. was incorporated in 1950 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Fantasista Co., Ltd generates revenue through several key streams. Primarily, the company earns money from the sale of its video games and mobile applications, which are often monetized through direct sales, in-app purchases, and subscription models. Additionally, the company may engage in partnerships with other entertainment firms or platforms to broaden its distribution channels and reach a larger audience. Advertising revenue from in-game promotions and collaborations with brands also contributes to its earnings. Furthermore, Fantasista may explore merchandising opportunities related to its popular game franchises, which can provide an additional source of income.

Fantasista Co.,Ltd Financial Statement Overview

Summary

Weak profitability and growth (revenue -13.71%, net margin -2.81%, declining gross margin) weigh on results, but leverage has improved (debt-to-equity 0.39) and cash generation is healthier (positive operating cash flow; operating cash flow to net income ratio above 1; FCF to net income 0.85).

Income Statement

Fantasista Co., Ltd has experienced a decline in revenue growth, with a negative growth rate of -13.71% in the latest year. The company also reported a negative net profit margin of -2.81%, indicating a loss. Gross profit margin has decreased significantly from previous years, showing reduced efficiency in cost management. The EBIT and EBITDA margins are also low, reflecting challenges in operational profitability.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.39, indicating better leverage management compared to previous years. However, the return on equity is negative at -4.16%, suggesting inefficiencies in generating returns for shareholders. The equity ratio remains stable, showing a solid capital structure despite profitability challenges.

Cash Flow

Fantasista Co., Ltd has shown improvement in cash flow management, with a positive operating cash flow and a free cash flow to net income ratio of 0.85. This indicates better cash generation relative to net income, although the free cash flow growth rate is not available for the latest year. The operating cash flow to net income ratio is above 1, suggesting adequate cash flow coverage.

Breakdown	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	9.42B	8.81B	10.59B	5.03B	6.89B
Gross Profit	1.56B	2.25B	3.05B	1.79B	1.73B
EBITDA	405.42M	1.15B	1.86B	-266.52M	-678.76M
Net Income	-264.55M	290.56M	1.05B	-803.64M	-977.22M
Balance Sheet
Total Assets	9.20B	14.22B	7.55B	7.47B	5.29B
Cash, Cash Equivalents and Short-Term Investments	1.78B	2.97B	2.76B	1.76B	2.09B
Total Debt	2.50B	5.15B	389.31M	1.16B	1.19B
Total Liabilities	2.85B	7.60B	1.14B	2.24B	1.92B
Stockholders Equity	6.35B	6.62B	6.40B	5.23B	3.37B
Cash Flow
Free Cash Flow	2.10B	-4.83B	1.66B	-2.06B	4.23B
Operating Cash Flow	2.46B	-3.98B	1.73B	-2.04B	4.30B
Investing Cash Flow	-1.03B	-706.44M	-230.35M	-1.42B	1.06B
Financing Cash Flow	-2.65B	4.77B	-655.52M	3.11B	-3.74B

Fantasista Co.,Ltd Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 61.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:1783, the sentiment is Positive. The current price of 61 is below the 20-day moving average (MA) of 66.45, below the 50-day MA of 63.98, and above the 200-day MA of 57.69, indicating a bullish trend. The MACD of 1.80 indicates Negative momentum. The RSI at 59.51 is Neutral, neither overbought nor oversold. The STOCH value of 65.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:1783.

Fantasista Co.,Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
369A	72 Outperform	¥11.57B	25.93	―	1.45%	―	―
1433	70 Outperform	¥12.31B	19.34	―	2.00%	-5.00%	77.99%
1768	70 Outperform	¥11.92B	10.64	―	2.16%	24.11%	1644.12%
1853	68 Neutral	¥11.33B	13.42	―	4.35%	-7.40%	60.55%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
1844	61 Neutral	¥10.45B	22.00	―	2.74%	4.36%	17.63%
1783	55 Neutral	¥11.73B	-57.68	―	―	7.00%	-182.47%