Dream Vision Co., Ltd. (3185) AI Stock Analysis

• Market Cap: ¥2.66B
• Dividend Yield: N/A
• Average Volume (3M): 131.72K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.12
• Revenue Growth: -3.37%
• EPS Growth: 2.46%
• Country: JP
• Employees: 165
• Sector: Consumer Cyclical
• Sector Strength: 65
• Industry: Specialty Retail
• EPS (TTM): -1.00
• Shares Outstanding: 18,337,400
• 10 Day Avg. Volume: 119,410
• 30 Day Avg. Volume: 131,723
• PEG Ratio: -0.40
• Price to Book (P/B): -5.69
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -7.09
• 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: ¥134.00
• Price Target Upside: -7.59% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 47 Neutral
• Price Target: ¥139.00 ▼(-4.14%Downside)

Dream Vision Co., Ltd.'s overall stock score is significantly impacted by its poor financial performance, which is the most critical factor. Technical analysis provides some neutral signals, but the lack of profitability and negative valuation metrics heavily weigh down the score. Without improvements in financial health or strategic changes, the stock remains a high-risk investment.

Dream Vision Co., Ltd. Business Overview & Revenue Model

Company Description

Dream Vision Co., Ltd. (3185) is a leading company operating in the technology and multimedia sector. Specializing in innovative visual solutions, the company offers a diverse range of products and services that include cutting-edge virtual reality systems, advanced holographic displays, and interactive digital experiences tailored for both entertainment and professional applications. Dream Vision Co., Ltd. is committed to pushing the boundaries of visual technology to create immersive experiences that captivate audiences worldwide.

How the Company Makes Money

Dream Vision Co., Ltd. generates revenue through multiple streams. Its primary source of income comes from the sale of high-tech visual equipment, such as virtual reality systems and holographic display units, to both individual consumers and businesses. Additionally, the company earns substantial revenue by providing customization and integration services for its technology in various industries, including entertainment, education, and corporate sectors. Dream Vision Co., Ltd. also engages in strategic partnerships with content creators and other technology firms, which enhances its product offerings and expands its market reach, further contributing to its financial success.

Dream Vision Co., Ltd. Financial Statement Overview

Summary

Dream Vision Co., Ltd. faces significant financial challenges, with declining revenues and persistent losses. The balance sheet shows negative equity and high leverage, indicating financial instability. Cash flow issues further highlight the company's struggles to generate cash from operations, suggesting severe financial distress without strategic intervention.

Income Statement

Dream Vision Co., Ltd. has faced declining revenue trends and negative profitability in recent years. The revenue has decreased notably from 7.87 billion in 2020 to 4.50 billion in 2025, indicating a challenging market environment or operational issues. Gross profit and net income margins have been negative, with the latest net profit margin at -8.22% for 2025. The EBIT and EBITDA margins are also negative, highlighting inefficiencies and potential operational restructuring needs.

Balance Sheet

The company's financial structure is concerning with a negative stockholders' equity, which was -462.79 million in 2025. This indicates more liabilities than assets, suggesting financial instability and potential insolvency risks. The debt-to-equity ratio is not applicable due to negative equity, but the high levels of debt in relation to assets suggest significant leverage, which could pose risk if market conditions worsen.

Cash Flow

Dream Vision Co., Ltd. is experiencing negative cash flow from operations, highlighting difficulties in generating cash from core activities. The free cash flow has been consistently negative, reaching -375.97 million in 2025, indicating challenges in funding operations without external financing. Negative trends in operating cash flow to net income ratio suggest that the company is struggling to convert accounting profits into cash, potentially requiring strategic cash flow management.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	4.50B	4.66B	5.18B	4.95B	6.02B
Gross Profit	2.02B	2.17B	2.49B	2.50B	2.71B
EBITDA	-173.14M	-155.76M	58.98M	111.14M	-346.74M
Net Income	-369.77M	-352.26M	-132.08M	-49.12M	-507.74M
Balance Sheet
Total Assets	2.61B	2.66B	3.08B	3.24B	3.47B
Cash, Cash Equivalents and Short-Term Investments	445.28M	628.57M	790.34M	1.20B	1.42B
Total Debt	2.28B	1.54B	1.96B	2.08B	2.26B
Total Liabilities	3.07B	2.37B	2.81B	2.97B	3.27B
Stockholders Equity	-462.79M	281.00M	271.67M	271.73M	197.46M
Cash Flow
Free Cash Flow	-375.97M	72.40M	-103.46M	17.79M	67.63M
Operating Cash Flow	-358.00M	80.53M	-78.56M	95.24M	147.78M
Investing Cash Flow	-88.59M	-242.91M	-8.44M	-72.39M	-646.00K
Financing Cash Flow	297.92M	-122.41M	-220.97M	-280.03M	423.23M

Dream Vision Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 145.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3185, the sentiment is Positive. The current price of 145 is above the 20-day moving average (MA) of 142.95, above the 50-day MA of 139.34, and below the 200-day MA of 147.23, indicating a neutral trend. The MACD of 1.80 indicates Negative momentum. The RSI at 54.20 is Neutral, neither overbought nor oversold. The STOCH value of 67.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3185.

Dream Vision Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3181	78 Outperform	¥3.54B	10.84		1.01%	21.20%	-14.32%
3138	77 Outperform	¥2.90B	31.43		1.75%	-1.83%	-64.38%
Sector *	67 Neutral	¥252.71B	13.20	6.45%	2.71%	5.22%	-11.89%
3192	66 Neutral	¥1.78B	3.04		―	0.31%	―
3396	60 Neutral	¥5.43B	36.50		1.83%	0.86%	―
3195	54 Neutral	¥3.12B	―		―	7.56%	-452.52%
3185	47 Neutral	¥2.66B	―		―	-3.37%	2.46%