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Forside Co., Ltd. (JP:2330)
:2330
Japanese Market

Forside Co., Ltd. (2330) AI Stock Analysis

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JP:2330

Forside Co., Ltd.

(2330)

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Neutral 62 (OpenAI - 5.2)
Rating:62Neutral
Price Target:
¥118.00
▼(-43.81% Downside)
Action:ReiteratedDate:03/24/26
The score is driven mainly by improved 2025 financial performance and stronger cash generation, but is held back by weak technical trend signals (price below key moving averages with negative MACD) and a relatively high P/E without a dividend yield.
Positive Factors
Revenue and Profit Rebound
A clear 2025 rebound with materially higher revenue and improved net margin signals the company regained operational traction. Sustained top-line expansion with improved profitability increases scale economics, supports reinvestment, and makes future cash generation and returns more durable if execution continues.
Negative Factors
Gross Margin Compression
A sharp decline in gross margin suggests structural cost pressure or adverse product mix that can persist beyond a single year. Even with revenue growth, sustained margin contraction reduces operating leverage, limiting ability to fund growth organically and pressuring long-term profit sustainability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profit Rebound
A clear 2025 rebound with materially higher revenue and improved net margin signals the company regained operational traction. Sustained top-line expansion with improved profitability increases scale economics, supports reinvestment, and makes future cash generation and returns more durable if execution continues.
Read all positive factors

Forside Co., Ltd. (2330) vs. iShares MSCI Japan ETF (EWJ)

Forside Co., Ltd. Business Overview & Revenue Model

Company Description
Forside Co.,Ltd., an investment holding company, engages in prize, real estate, content, and event businesses. It plans, manufactures, and sells prizes for prize games, such as crane game machines; and provides real estate rent guarantee and prope...

Forside Co., Ltd. Financial Statement Overview

Summary
Clear rebound in 2025 with sharply accelerated revenue growth and materially improved profitability and returns, supported by strong free cash flow. Offsetting factors include notable 2025 gross margin compression and a history of volatility (prior loss/negative cash flow periods and previously higher leverage), raising questions about durability.
Income Statement
74
Positive
Balance Sheet
70
Positive
Cash Flow
78
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue6.90B8.75B5.34B4.82B4.99B4.89B
Gross Profit1.75B2.02B1.82B1.93B1.82B1.96B
EBITDA354.60M585.96M85.08M70.72M-46.19M219.86M
Net Income312.57M440.58M64.42M113.58M-107.82M85.85M
Balance Sheet
Total Assets5.45B4.71B3.57B4.45B4.25B4.43B
Cash, Cash Equivalents and Short-Term Investments2.28B2.23B1.40B1.19B941.85M1.26B
Total Debt740.57M780.25M245.68M497.81M713.00M831.05M
Total Liabilities2.65B1.63B1.07B2.87B3.19B3.26B
Stockholders Equity2.80B3.08B2.50B1.58B1.06B1.16B
Cash Flow
Free Cash Flow0.00612.69M137.34M62.91M-330.67M173.46M
Operating Cash Flow0.00668.77M163.90M115.17M-329.26M180.88M
Investing Cash Flow0.00217.37M-596.92M-61.64M124.39M-163.99M
Financing Cash Flow0.00-93.44M639.93M192.47M-120.04M194.97M

Forside Co., Ltd. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price210.00
Price Trends
50DMA
128.82
Negative
100DMA
153.61
Negative
200DMA
182.04
Negative
Market Momentum
MACD
-4.30
Negative
RSI
41.34
Neutral
STOCH
57.14
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 114.25, above the 50-day MA of 128.82, and above the 200-day MA of 182.04, indicating a bearish trend. The MACD of -4.30 indicates Negative momentum. The RSI at 41.34 is Neutral, neither overbought nor oversold. The STOCH value of 57.14 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

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
81
Outperform
¥8.89B16.363.96%7.77%247.26%
75
Outperform
¥3.98B8.354.78%-11.24%-48.52%
63
Neutral
¥1.43T42.605.92%1.93%7.64%22.13%
62
Neutral
¥4.89B28.9273.71%1051.90%
62
Neutral
¥265.65B21.9215.93%0.72%20.06%17.89%
61
Neutral
$18.38B12.79-2.54%3.03%1.52%-15.83%
49
Neutral
¥46.32B11.293.94%0.74%41.25%
* Consumer Cyclical Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:2330
Forside Co., Ltd.
112.00
-23.00
-17.04%
JP:7309
Shimano
16,620.00
-2,601.95
-13.54%
JP:7906
Yonex Co
3,060.00
863.17
39.29%
JP:7847
Graphite Design Inc.
615.00
8.05
1.33%
JP:7990
GLOBERIDE, Inc.
2,128.00
428.17
25.19%
JP:8135
ZETT CORP.
445.00
62.41
16.31%
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.Date of analysis: Mar 24, 2026