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Members Co., Ltd.
(2130)
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Rating:70Outperform
Price Target:
¥977.00
▼(-10.12% Downside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by improving financial performance (strong revenue rebound, healthier margins, low leverage, and strong ROE) and supportive valuation (low P/E and solid dividend yield). These positives are tempered by weak technical trend signals (below major moving averages) and a near-term cash flow decline (TTM free cash flow down).
Positive Factors
Revenue rebound
A >100% TTM revenue rebound indicates durable demand pickup for Members' digital services and suggests expanding client engagements or larger contract wins. Sustained top-line growth improves scale economics, supports reinvestment in capabilities, and underpins medium-term margin recovery and cash generation.
Negative Factors
Free cash flow decline
A significant drop in free cash flow and volatility in cash conversion reduces internal funding for growth and shareholder returns. Even with positive operating cash flow, weaker FCF can signal working-capital swings or timing issues that impede consistent reinvestment and weaken balance-sheet resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
A >100% TTM revenue rebound indicates durable demand pickup for Members' digital services and suggests expanding client engagements or larger contract wins. Sustained top-line growth improves scale economics, supports reinvestment in capabilities, and underpins medium-term margin recovery and cash generation.
Read all positive factors
Members Co., Ltd. (2130) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥12.56B
Dividend Yield3.47%
Average Volume (3M)60.49K
Price to Earnings (P/E)12.1
Beta (1Y)0.71
Revenue Growth8.55%
EPS Growth54.82%
CountryJP
Employees2,866
SectorCommunication Services
Sector Strength97
IndustryAdvertising Agencies
Share Statistics
EPS (TTM)78.39
Shares Outstanding13,423,300
10 Day Avg. Volume81,750
30 Day Avg. Volume60,493
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)2.02
Price to Sales (P/S)0.55
P/FCF Ratio8.66
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)80.5
Revenue Forecast (FY)¥26.40B
Members Co., Ltd. Business Overview & Revenue Model
Company Description
Based in Tokyo, Japan, Members Co., Ltd. is a company that has been delivering a wide array of digital marketing solutions across the country since its establishment in 1995. Its services encompass the full spectrum of web activities, including ma...
How the Company Makes Money
Members Co., Ltd. primarily generates revenue by providing digital marketing and digital product/service support to corporate clients on a fee-for-service basis. Key revenue streams typically include (1) contracted support for digital marketing op...
Members Co., Ltd. Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
82
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.71B | 24.42B | 22.33B | 20.47B | 17.66B | 14.94B |
| Gross Profit | 6.47B | 6.45B | 4.67B | 4.29B | 5.20B | 4.76B |
| EBITDA | 1.93B | 2.21B | 1.10B | 566.58M | 1.93B | 2.24B |
| Net Income | 1.00B | 1.21B | 349.82M | 126.52M | 1.01B | 1.40B |
Balance Sheet | ||||||
| Total Assets | 11.57B | 12.77B | 11.87B | 11.68B | 11.37B | 10.44B |
| Cash, Cash Equivalents and Short-Term Investments | 3.74B | 4.44B | 4.01B | 3.78B | 4.48B | 5.23B |
| Total Debt | 603.82M | 741.76M | 939.75M | 715.83M | 662.78M | 598.25M |
| Total Liabilities | 5.60B | 6.13B | 6.07B | 5.75B | 5.01B | 4.54B |
| Stockholders Equity | 5.96B | 6.64B | 5.81B | 5.93B | 6.37B | 5.90B |
Cash Flow | ||||||
| Free Cash Flow | 1.16B | 1.55B | 1.15B | 561.30M | 1.26B | 1.64B |
| Operating Cash Flow | 1.18B | 1.58B | 1.21B | 584.97M | 1.40B | 1.65B |
| Investing Cash Flow | -173.77M | -180.87M | -49.66M | -100.03M | -1.17B | -98.81M |
| Financing Cash Flow | -1.00B | -976.53M | -923.62M | -1.19B | -980.29M | -468.95M |
Members Co., Ltd. Technical Analysis
Negative
1087.00
Price Trends
1034.52
Negative
1061.79
Negative
1119.55
Negative
Market Momentum
-41.54
Positive
42.27
Neutral
74.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2130, the sentiment is Negative. The current price of 1087 is above the 20-day moving average (MA) of 992.05, above the 50-day MA of 1034.52, and below the 200-day MA of 1119.55, indicating a bearish trend. The MACD of -41.54 indicates Positive momentum. The RSI at 42.27 is Neutral, neither overbought nor oversold. The STOCH value of 74.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2130.
Members Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥20.23B | 16.62 | ― | 9.87% | 5.72% | 30.74% | |
72 Outperform | ¥13.89B | 10.07 | ― | 1.27% | 12.33% | 50.26% | |
70 Outperform | ¥12.56B | 12.13 | ― | 3.04% | 8.55% | 54.82% | |
67 Neutral | ¥9.50B | 17.54 | ― | 2.61% | 10.50% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | ¥18.39B | 7.31 | ― | 2.01% | -2.12% | -14.54% | |
51 Neutral | ¥15.16B | -5.43 | ― | 7.85% | -55.40% | -157.50% |
* Communication Services Sector Average
JP:2130
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Members Co., Ltd. Corporate Events
Members Co., Ltd. Posts Wider Quarterly Loss Despite Revenue Growth After Shift to Consolidated Reporting
Jul 31, 2026
Members Co., Ltd. reported consolidated revenue of ¥5,750 million for the three months ended June 30, 2026, a 5.2% increase year on year, but posted an operating loss of ¥395 million and a net loss attributable to owners of the parent of...
Members Co., Ltd. Strengthens Governance by Revising Basic Policy and Defining Non-Executive Roles
Jul 24, 2026
Members Co., Ltd. has partially revised its Basic Policy on Corporate Governance following a board resolution on July 24, 2026, reinforcing its governance framework as a company with an Audit and Supervisory Committee and several voluntary bodies,...
Members Co., Ltd. Completes Treasury Stock Disposal for Restricted Stock Compensation
Jul 17, 2026
Members Co., Ltd. has completed the payment procedures for the disposal of treasury stock to be used as remuneration under its restricted stock compensation program. The move reflects the company’s continued use of equity-based incentives to...
Members Co., Ltd. Moves Earnings Announcements to Earlier Time for Timelier Disclosure
Jul 10, 2026
Members Co., Ltd. will change its standard financial results announcement time from 15:30 to 14:00 Japan Standard Time, starting with the first-quarter results for the fiscal year ending March 31, 2027. The shift aligns with a Tokyo Stock Exchange...
Members Co. refines capital-efficient DX growth strategy and sets 2035 AI-driven vision
Jun 19, 2026
Members Co., Ltd. has reassessed its capital-cost-conscious management and stock price strategy after restructuring its business foundation under a medium-term growth plan launched in the fiscal year ended March 2025. The company has shifted towar...
Members Co., Ltd. to Grant Restricted Treasury Shares to Directors and Executives
Jun 19, 2026
Members Co., Ltd. has resolved to dispose of 20,722 shares of its treasury stock, valued at approximately 22.23 million yen, as restricted stock compensation for two directors and nine executive officers, at a disposal price of 1,073 yen per share...
Members Co., Ltd. Sets Director Nominees and Outlines Post-AGM Board Structure
May 20, 2026
Members Co., Ltd. announced that its Board of Directors has tentatively nominated candidates for director positions, following consultation with the Audit and Supervisory Committee and recommendations from its voluntary Nominating and Compensation...
Members Co. Reports Profit Surge and Projects Strong Growth Under New Consolidated Reporting
May 19, 2026
Members Co., Ltd. reported consolidated revenue of ¥24.4 billion for the fiscal year ended March 31, 2026, up 9.4% year on year, with operating profit surging to ¥1.6 billion and profit attributable to owners of the parent rising to ...
Members Co. Unveils 2035 FUTURE VISION and Shifts Focus to DX Field Support
May 14, 2026
Members Co., Ltd. has replaced its previous long-term strategy, VISION2030, with a new FUTURE VISION targeting 2035, reflecting rapid shifts in technology, demographics, and climate-related pressures. After profitability in its traditional web ope...
Members Co. Profit Soars as Shift to Consolidated Reporting Highlights Earnings Strength
May 14, 2026
Members Co., Ltd. reported consolidated revenue of ¥24.4 billion for the fiscal year ended March 31, 2026, up 9.4% year on year, reflecting continued expansion of its digital services. Operating profit surged 224.6% to ¥1.6 billion and p...
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.