CAICA Inc. (2315) AI Stock Analysis

• Market Cap: ¥15.43B
• Dividend Yield: N/A
• Average Volume (3M): 6.31M
• Price to Earnings (P/E): 66.8
• Beta (1Y): 1.29
• Revenue Growth: -7.33%
• EPS Growth: 441.81%
• Country: JP
• Employees: 349
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): -2.79
• Shares Outstanding: 151,406,800
• 10 Day Avg. Volume: 6,632,420
• 30 Day Avg. Volume: 6,306,876
• PEG Ratio: -0.55
• Price to Book (P/B): 3.68
• Price to Sales (P/S): 2.56
• P/FCF Ratio: 257.11
• 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: 62 Neutral
• Price Target: ¥135.00 ▲(32.35% Upside)

The overall stock score is primarily influenced by positive technical indicators, suggesting bullish momentum. However, financial performance challenges, including consistent losses and negative profit margins, weigh down the score. The valuation is moderate, but the lack of a dividend yield limits appeal for some investors.

Positive Factors

Strategic Partnerships

Strategic partnerships enhance service offerings and expand market reach, leading to joint ventures and bundled services that attract more clients.

Revenue Model

A diversified revenue model with recurring income from subscriptions and service contracts provides stability and predictability in cash flows.

Cash Flow Improvement

Positive operating cash flow indicates improved operational efficiency, which is crucial for long-term sustainability and reducing reliance on external financing.

Negative Factors

Consistent Losses

Persistent unprofitability and negative margins suggest challenges in cost management and operational efficiency, impacting long-term viability.

Negative Profit Margins

Negative profit margins highlight inefficiencies in operations, which could hinder the company's ability to invest in growth and innovation.

Asset Management Issues

Declining assets may indicate poor asset management or strategic missteps, potentially limiting the company's ability to leverage resources for growth.

CAICA Inc. Business Overview & Revenue Model

Company Description

CAICA DIGITAL Inc., together with its subsidiaries, provides information services in Japan and internationally. The company offers systems development services, including development and distribution of various business package software's for information service providers, such as financial strategy support systems for Internet banking for financial institutions; purchasing procurement systems using the Internet for manufacturers and distributors; and information processing systems and network monitoring systems for traders. It also provides finance industry solutions comprising accounts, information, legacy, financing, foreign exchange, sales branch terminals, Internet banking, and payment systems for banks; and in-house information management systems, asset management, consulting tools, etc. for various securities companies and securities system companies, as well as life and non-insurance SE solutions. In addition, the company offers ordering, MD, inventory warehouse management, logistics, B to C, B to B, customer management systems, etc. for the distribution industry that includes department stores, convenience stores, apparel industries, etc.; and customer management, mileage, ticket sale, accommodation reservation, content service, transportation/service industry, and other systems. Further, it provides manufacturing and public systems; and Web systems, which comprise construction, application design, and development system solutions. The company was formerly known as CAICA Inc. and changed its name to CAICA DIGITAL Inc. in November 2021. CAICA DIGITAL Inc. was founded in 1989 and is headquartered in Tokyo, Japan.

How the Company Makes Money

CAICA Inc. generates revenue through multiple streams, including software licensing fees, subscription-based cloud services, and consulting fees for IT services. The company's primary revenue model is based on a combination of one-time sales for software licenses and recurring revenue from ongoing service contracts and subscriptions. Additionally, CAICA has established strategic partnerships with key technology providers, which enhance its service offerings and expand its market reach. These collaborations often lead to joint ventures or bundled services that attract more clients and create additional revenue opportunities. The company's focus on delivering high-quality, tailored solutions has also fostered long-term relationships with clients, contributing to a steady stream of repeat business and referrals.

CAICA Inc. Financial Statement Overview

Summary

Mixed but improving fundamentals: profitability turned positive and the company remains debt-free (a major risk reducer), but revenue fell sharply (~49% YoY) and cash flow quality is uneven with modest operating/free cash flow relative to earnings and a history of volatility.

Income Statement

Profitability improved materially in the latest annual period (2025-10-31), with the company returning to positive operating profit and net income after multiple years of sizable losses (2021–2024). Gross margin also rebounded versus the prior year, supporting the earnings recovery. Offsetting this, revenue fell sharply year over year (down ~49% in 2025), and longer-term results show highly volatile margins with deep losses as recently as 2022–2024—raising questions about the durability of the turnaround.

Balance Sheet

The balance sheet looks conservatively positioned in the most recent annual report (2025-10-31), with zero debt and a solid equity base, implying low financial risk and meaningful flexibility. Return on equity turned positive in 2025 after being negative in prior years, consistent with the earnings recovery. The key weakness is large historical variability in assets and equity across years, which can signal structural changes or one-off balance sheet movements that reduce comparability and predictability.

Cash Flow

Cash generation improved versus earlier years of heavy cash burn (2020–2023), with positive operating cash flow and free cash flow in both 2024 and 2025. However, in 2025 cash generation was modest relative to reported earnings (operating cash flow was low compared with net income), suggesting weaker cash conversion and/or working-capital or non-cash effects. The history of negative operating and free cash flow in prior years also indicates elevated volatility in underlying cash earnings power.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.22B	5.20B	5.61B	5.68B	6.44B	5.95B
Gross Profit	824.08M	888.06M	609.82M	245.00M	2.22B	1.69B
EBITDA	646.39M	185.13M	-355.17M	-4.09B	-5.88B	-680.68M
Net Income	631.48M	166.79M	-359.86M	-3.89B	-6.24B	-799.90M
Balance Sheet
Total Assets	3.19B	4.29B	2.43B	2.97B	59.03B	107.22B
Cash, Cash Equivalents and Short-Term Investments	678.80M	639.57M	698.98M	1.38B	4.26B	4.75B
Total Debt	0.00	0.00	170.00M	70.00M	812.39M	995.59M
Total Liabilities	528.08M	676.17M	765.79M	773.22M	53.88B	95.82B
Stockholders Equity	2.67B	3.61B	1.66B	2.18B	4.89B	11.07B
Cash Flow
Free Cash Flow	0.00	51.71M	282.85M	-1.77B	-1.44B	-2.23B
Operating Cash Flow	0.00	51.92M	282.85M	-1.75B	-1.14B	-2.07B
Investing Cash Flow	0.00	24.51M	-386.87M	-572.75M	-212.31M	-187.48M
Financing Cash Flow	0.00	-170.96M	-246.49M	701.46M	-229.68M	1.54B

CAICA Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 102.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2315, the sentiment is Negative. The current price of 102 is below the 20-day moving average (MA) of 104.30, below the 50-day MA of 102.60, and above the 200-day MA of 86.91, indicating a neutral trend. The MACD of 0.40 indicates Positive momentum. The RSI at 49.07 is Neutral, neither overbought nor oversold. The STOCH value of 23.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2315.

CAICA Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4667	77 Outperform	¥11.59B	27.16	―	1.28%	18.58%	32.94%
3633	76 Outperform	¥10.92B	13.45	―	2.16%	2.75%	25.24%
4374	71 Outperform	¥9.59B	19.25	―	0.47%	19.35%	71.74%
4430	71 Outperform	¥9.53B	10.23	―	3.06%	27.08%	18.85%
4496	70 Outperform	¥5.59B	32.36	―	2.50%	4.29%	-42.71%
2315	62 Neutral	¥15.43B	66.83	30.04%	―	-7.33%	441.81%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%