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Digital Holdings, Inc.
(2389)
Digital Holdings, Inc. (2389) vs. iShares MSCI Japan ETF (EWJ)
Digital Holdings, Inc. Business Overview & Revenue Model
Digital Holdings, Inc. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.36B | 16.16B | 16.26B | 16.92B | 98.52B | 88.77B |
| Gross Profit | 8.55B | 10.02B | 10.95B | 11.21B | 25.23B | 17.79B |
| EBITDA | 2.63B | 1.96B | 856.00M | 8.79B | 11.65B | 3.86B |
| Net Income | 1.38B | 1.34B | 237.00M | 5.72B | 10.23B | 3.75B |
Balance Sheet | ||||||
| Total Assets | 45.47B | 48.22B | 50.28B | 55.96B | 69.73B | 71.43B |
| Cash, Cash Equivalents and Short-Term Investments | 28.94B | 25.31B | 24.41B | 33.33B | 46.32B | 48.75B |
| Total Debt | 4.00B | 4.08B | 5.00B | 5.17B | 9.04B | 10.83B |
| Total Liabilities | 15.17B | 15.15B | 16.39B | 19.72B | 28.80B | 31.42B |
| Stockholders Equity | 28.50B | 30.69B | 29.33B | 29.83B | 32.67B | 31.19B |
Cash Flow | ||||||
| Free Cash Flow | 2.48B | 6.92B | -3.50B | -8.18B | 10.97B | 1.22B |
| Operating Cash Flow | 5.34B | 6.92B | -3.44B | -7.61B | 12.13B | 2.18B |
| Investing Cash Flow | 1.73B | 395.00M | -1.27B | 4.70B | 2.99B | 1.57B |
| Financing Cash Flow | -1.08B | -4.68B | -3.06B | -8.56B | -4.83B | 2.95B |
Digital Holdings, Inc. Technical Analysis
Digital Holdings, Inc. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥21.65B | 4.82 | ― | 7.85% | -3.20% | 34.08% | |
75 Outperform | ¥29.60B | 12.96 | ― | 5.35% | 58.08% | 29.89% | |
75 Outperform | ¥16.19B | 12.56 | ― | 1.27% | 7.24% | 215.65% | |
69 Neutral | ¥33.86B | 23.63 | ― | 5.08% | 3.22% | 13.97% | |
61 Neutral | ¥32.14B | 25.44 | ― | 2.14% | -22.10% | -16.33% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
50 Neutral | ¥30.66B | -31.98 | ― | ― | 4.53% | -464.41% |
Digital Holdings, Inc. Corporate Events
Digital Holdings, Inc. has set January 15, 2026 as the record date for determining which shareholders will be entitled to vote at an extraordinary general meeting expected in mid to late February 2026, with notice to be given electronically. This meeting will consider proposals requested by new major shareholder Hakuhodo DY Holdings Inc., following its completed tender offer, including a share consolidation under the Companies Act and related amendments to the Articles of Incorporation, measures that are expected to further concentrate ownership and could significantly reshape the company’s capital structure and governance for remaining shareholders.
The most recent analyst rating on (JP:2389) stock is a Hold with a Yen2237.00 price target. To see the full list of analyst forecasts on Digital Holdings, Inc. stock, see the JP:2389 Stock Forecast page.
Digital Holdings, Inc. announced the withdrawal of a planned tender offer by SilverCape Investments Limited for its shares, following the successful completion of a similar offer by Hakuhodo DY Holdings Inc. This decision impacts the company’s shareholder structure and market positioning, as the condition for SilverCape’s offer was unmet due to Hakuhodo’s successful acquisition.
The most recent analyst rating on (JP:2389) stock is a Hold with a Yen2237.00 price target. To see the full list of analyst forecasts on Digital Holdings, Inc. stock, see the JP:2389 Stock Forecast page.
Digital Holdings, Inc. has resolved to dissolve and liquidate its subsidiary, Vankable, Inc., following the successful completion of a tender offer by Hakuhodo DY Holdings Inc. This decision was made due to limited synergies between Vankable’s financial services and the acquiring group’s operations. The move is aimed at enhancing Digital Holdings’ corporate value and aligning with strategic growth initiatives.
The most recent analyst rating on (JP:2389) stock is a Hold with a Yen2237.00 price target. To see the full list of analyst forecasts on Digital Holdings, Inc. stock, see the JP:2389 Stock Forecast page.
Digital Holdings, Inc. announced the successful completion of a tender offer by Hakuhodo DY Holdings Inc., resulting in a change of the parent company and the largest shareholder. This strategic move is expected to enhance Digital Holdings’ market positioning and influence, as Hakuhodo DY Holdings Inc. will acquire more than 50% of the voting rights, marking a significant shift in the company’s shareholder structure.
The most recent analyst rating on (JP:2389) stock is a Hold with a Yen2237.00 price target. To see the full list of analyst forecasts on Digital Holdings, Inc. stock, see the JP:2389 Stock Forecast page.
Digital Holdings, Inc. announced amendments regarding the planned tender offer by SilverCape Investments Limited, which intends to acquire all shares of the company. SilverCape has increased its tender offer price and matched the minimum share purchase requirements set by a competing offer from Hakuhodo DY Holdings Inc. The company has yet to announce its official stance on SilverCape’s offer, urging shareholders to consider forthcoming information carefully.
The most recent analyst rating on (JP:2389) stock is a Hold with a Yen2237.00 price target. To see the full list of analyst forecasts on Digital Holdings, Inc. stock, see the JP:2389 Stock Forecast page.
Digital Holdings, Inc. has announced amendments to its previous statements regarding the tender offer for its shares by Hakuhodo DY Holdings Inc. The company has expressed continued support for the Hakuhodo tender offer, leaving the decision to shareholders, while also addressing a competing offer from SilverCape Investments Limited. The board has introduced response policies to mitigate potential coercion risks associated with SilverCape’s offer, emphasizing the importance of shareholder discretion in the decision-making process.
The most recent analyst rating on (JP:2389) stock is a Hold with a Yen2237.00 price target. To see the full list of analyst forecasts on Digital Holdings, Inc. stock, see the JP:2389 Stock Forecast page.
Digital Holdings, Inc. has announced the continuation of its response policies concerning a tender offer by SilverCape Investments Limited. The company aims to engage in negotiations to prevent its shareholders from becoming minority stakeholders due to the coercive nature of the tender offer. Despite receiving an amended proposal from SilverCape, which includes a potential second tender offer, the company’s Special Committee advises maintaining the response policies to protect shareholder interests, as the proposal still poses risks without sufficient information for shareholders to make informed decisions.
The most recent analyst rating on (JP:2389) stock is a Hold with a Yen2237.00 price target. To see the full list of analyst forecasts on Digital Holdings, Inc. stock, see the JP:2389 Stock Forecast page.
Digital Holdings, Inc. announced amendments to a planned tender offer by SilverCape Investments Limited, initially set for late November 2025, now postponed to late February 2026. The company has expressed concerns about potential coercion of shareholders due to SilverCape’s significant share acquisition, prompting the introduction of a response policy to protect shareholder interests.
The most recent analyst rating on (JP:2389) stock is a Hold with a Yen2237.00 price target. To see the full list of analyst forecasts on Digital Holdings, Inc. stock, see the JP:2389 Stock Forecast page.
Digital Holdings, Inc. announced amendments to its previous notice regarding the tender offer for its shares by Hakuhodo DY Holdings Inc. The tender offer period, initially set to end on November 12, 2025, has been extended to November 27, 2025, to allow shareholders more time to make informed decisions and increase the likelihood of successful completion.
The most recent analyst rating on (JP:2389) stock is a Hold with a Yen2237.00 price target. To see the full list of analyst forecasts on Digital Holdings, Inc. stock, see the JP:2389 Stock Forecast page.
Digital Holdings, Inc. reported a decline in revenue and operating profit for the nine months ending September 30, 2025, compared to the previous year. Despite this, ordinary profit and profit attributable to owners showed growth. The company has revised its dividend forecast, deciding not to distribute year-end dividends for 2025, conditional upon a tender offer by Hakuhodo DY Holdings Inc.
The most recent analyst rating on (JP:2389) stock is a Hold with a Yen2237.00 price target. To see the full list of analyst forecasts on Digital Holdings, Inc. stock, see the JP:2389 Stock Forecast page.
Digital Holdings, Inc. has announced its response policies concerning a tender offer proposal by SilverCape Investments Limited, which aims to acquire a significant portion of the company’s shares. The company expresses concerns about the coercive nature of the offer, the lack of specificity in SilverCape’s management plans, and the uncertainty of the funding sources for the acquisition, which may impact shareholders’ decisions.
The most recent analyst rating on (JP:2389) stock is a Buy with a Yen2583.00 price target. To see the full list of analyst forecasts on Digital Holdings, Inc. stock, see the JP:2389 Stock Forecast page.
Digital Holdings, Inc. has announced amendments to its previous opinion on a tender offer by Hakuhodo DY Holdings Inc. The company continues to support the Hakuhodo Tender Offer, leaving the decision to shareholders and stock acquisition rights holders. Meanwhile, SilverCape Investments Limited has announced a competing tender offer, which could result in significant ownership changes. Digital Holdings is introducing response policies to negotiate in good faith and avoid coercion risks for minority shareholders. Hakuhodo has extended its tender offer period to provide shareholders more time for consideration.
The most recent analyst rating on (JP:2389) stock is a Buy with a Yen2583.00 price target. To see the full list of analyst forecasts on Digital Holdings, Inc. stock, see the JP:2389 Stock Forecast page.
Digital Holdings, Inc. has announced the setting of a record date for voting rights in anticipation of a potential extraordinary general meeting of shareholders. This meeting is in response to a tender offer by SilverCape Investments Limited, which the company believes could exert coercive pressure on shareholders. To protect corporate value and shareholder interests, the company has introduced response policies to ensure shareholders have adequate information and time to make informed decisions regarding the tender offer.
The most recent analyst rating on (JP:2389) stock is a Buy with a Yen2583.00 price target. To see the full list of analyst forecasts on Digital Holdings, Inc. stock, see the JP:2389 Stock Forecast page.
SilverCape Investments Limited has announced its intention to commence a tender offer for shares of Digital Holdings, Inc., pending certain conditions. This move follows a previous tender offer proposal from Hakuhodo DY Holdings Inc., which Digital Holdings had favored. The board of Digital Holdings is currently reviewing SilverCape’s proposal to ensure it aligns with the company’s corporate value and shareholder interests, and will announce its stance once a decision is made.
The most recent analyst rating on (JP:2389) stock is a Buy with a Yen1403.00 price target. To see the full list of analyst forecasts on Digital Holdings, Inc. stock, see the JP:2389 Stock Forecast page.