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Forside Co., Ltd.
(2330)
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Rating:67Neutral
Price Target:
¥77.00
▼(-63.33% Downside)
Action:Reiterated
Date:05/29/26
The score is driven by a strong financial rebound and solid cash generation (highest weight), supported by a low P/E valuation. These positives are meaningfully offset by weak technicals, with price trading far below key moving averages and negative MACD indicating persistent bearish momentum.
Positive Factors
Revenue and profit rebound
A sharp 2025 revenue rebound and higher net margin indicate sustained demand recovery and improved operating efficiency. Higher ROE (~14.3%) shows better capital productivity, and sizable free cash flow (~613M) provides durable internal funding for growth, deleveraging, or shareholder returns.
Negative Factors
Gross margin compression
A marked drop in gross margin implies higher input costs or adverse mix shifts that erode the company's core profit per unit. If sustained, lower gross margins limit operating leverage and constrain free cash flow growth, requiring either pricing power improvements or cost restructuring to restore profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profit rebound
A sharp 2025 revenue rebound and higher net margin indicate sustained demand recovery and improved operating efficiency. Higher ROE (~14.3%) shows better capital productivity, and sizable free cash flow (~613M) provides durable internal funding for growth, deleveraging, or shareholder returns.
Read all positive factors
Forside Co., Ltd. (2330) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.19B
Dividend YieldN/A
Average Volume (3M)587.69K
Price to Earnings (P/E)7.6
Beta (1Y)1.13
Revenue Growth48.64%
EPS Growth164.60%
CountryJP
Employees180
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)9.64
Shares Outstanding43,687,702
10 Day Avg. Volume412,640
30 Day Avg. Volume587,686
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)2.27
Price to Sales (P/S)0.80
P/FCF Ratio11.39
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
Forside Co., Ltd. Business Overview & Revenue Model
Company Description
Forside Co., Ltd. functions as an investment holding company with diverse operations across several sectors. Its activities encompass the design, production, and sale of prizes specifically for amusement machines, including popular crane games. Th...
Forside Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
70
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.67B | 8.75B | 5.34B | 4.82B | 4.99B | 4.89B |
| Gross Profit | 2.18B | 2.02B | 1.82B | 1.93B | 1.82B | 1.96B |
| EBITDA | 614.03M | 629.65M | 157.78M | 187.38M | -55.28M | 151.50M |
| Net Income | 419.80M | 440.58M | 64.42M | 113.58M | -107.82M | 85.85M |
Balance Sheet | ||||||
| Total Assets | 4.46B | 4.71B | 3.57B | 4.45B | 4.25B | 4.43B |
| Cash, Cash Equivalents and Short-Term Investments | 2.43B | 2.23B | 1.40B | 1.19B | 941.85M | 1.26B |
| Total Debt | 773.49M | 780.25M | 245.68M | 497.81M | 713.00M | 831.05M |
| Total Liabilities | 1.35B | 1.63B | 1.07B | 2.87B | 3.19B | 3.26B |
| Stockholders Equity | 3.11B | 3.08B | 2.50B | 1.58B | 1.06B | 1.16B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 612.69M | 137.34M | 62.91M | -330.67M | 173.46M |
| Operating Cash Flow | 0.00 | 668.77M | 163.90M | 115.17M | -329.26M | 180.88M |
| Investing Cash Flow | 0.00 | 217.37M | -596.92M | -61.64M | 124.39M | -163.99M |
| Financing Cash Flow | 0.00 | -93.44M | 639.93M | 192.47M | -120.04M | 194.97M |
Forside Co., Ltd. Technical Analysis
Negative
210.00
Price Trends
74.82
Negative
88.95
Negative
131.43
Negative
Market Momentum
-1.08
Positive
42.61
Neutral
25.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2330, the sentiment is Negative. The current price of 210 is above the 20-day moving average (MA) of 75.05, above the 50-day MA of 74.82, and above the 200-day MA of 131.43, indicating a bearish trend. The MACD of -1.08 indicates Positive momentum. The RSI at 42.61 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2330.
Forside Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥1.73T | 30.01 | 4.37% | 1.84% | 0.93% | 63.95% | |
71 Outperform | ¥53.99B | 10.63 | ― | 3.63% | 2.40% | 14.62% | |
67 Neutral | ¥3.19B | 7.57 | ― | ― | 48.64% | 164.60% | |
66 Neutral | ¥8.24B | 8.45 | ― | 3.96% | 6.05% | -67.41% | |
64 Neutral | ¥4.26B | 13.96 | ― | 4.55% | 2.57% | 18.96% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | ¥225.98B | 18.41 | 16.02% | 0.96% | 18.35% | 15.11% |
* Consumer Cyclical Sector Average
JP:2330
Forside Co., Ltd.
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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.