Startia Holdings,Inc. (3393) AI Stock Analysis

• Market Cap: ¥30.63B
• Dividend Yield: 4.36%
• Average Volume (3M): 44.72K
• Price to Earnings (P/E): 13.8
• Beta (1Y): 0.67
• Revenue Growth: 12.32%
• EPS Growth: 10.42%
• Country: JP
• Employees: 908
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 64.66
• Shares Outstanding: 10,240,400
• 10 Day Avg. Volume: 41,210
• 30 Day Avg. Volume: 44,716
• PEG Ratio: 0.43
• Price to Book (P/B): 2.72
• Price to Sales (P/S): 0.93
• P/FCF Ratio: 15.23
• 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: 74 Outperform
• Price Target: ¥3,462.00 ▲(20.17% Upside)
• Action: Reiterated Date: 09/09/25
• Date: Action: Reiterated 09/09/25

Startia Holdings, Inc. shows strong financial performance with robust revenue growth and profitability, supported by a stable balance sheet. Valuation metrics are favorable with a reasonable P/E ratio and attractive dividend yield. However, technical indicators suggest a lack of strong momentum, which slightly tempers the overall score.

Positive Factors

Revenue & Margin Expansion

Sustained double-digit revenue growth alongside high gross margins and improving EBIT/EBITDA margins indicates a scalable business model and operational leverage. Over 2-6 months this supports reinvestment capacity, pricing power and the ability to sustain profit conversion as volumes rise.

Strong Balance Sheet & High ROE

A solid equity base with moderate leverage and very strong ROE provides durable financial flexibility. This position supports capital allocation for growth, dividends or M&A and improves resilience to shocks, reducing refinancing risk over the medium term.

Positive Free Cash Flow

Consistent positive operating and free cash flow demonstrates underlying cash generation that can fund capex, dividends and debt servicing. Even with some decline, sustained positive FCF is a durable foundation for shareholder returns and reinvestment.

Negative Factors

Declining Cash Flow Momentum

Year-on-year declines in operating and free cash flow erode the company’s cash conversion capability. If the trend continues, it could constrain reinvestment, dividend sustainability and debt reduction, making financial flexibility more dependent on restoring cash flows.

Moderate Leverage Exposure

While leverage is currently manageable, a debt/equity of ~0.41 creates exposure to rising interest costs or weaker cash generation. In a scenario of continued cash-flow pressure, this moderate leverage could limit strategic options or force tighter capital allocation.

Limited Forward Guidance

Absence of formal guidance reduces visibility into future revenue and margin trajectories for investors and management planning. Over several months this can hinder market confidence in planning assumptions and complicate evaluation of investment and allocation decisions.

Startia Holdings,Inc. Business Overview & Revenue Model

Company Description

Startia Holdings,Inc. engages in the IT business in Japan and internationally. The company offers digital marketing products and services, such as marketing automation tools, app creation software, web production and content management system, other digital marketing tools, AR creation software, and document management / ebook creation software. It also provides IT infrastructure products and services, including total support service, copier / multifunction machine, business phone, network construction and maintenance, electric power, optical line / provider, web production / promotion, cloud construction and maintenance, office design, flat-rate printer, office relocation, security camera, commercial air conditioner, led, air cleaner, and electronic breaker. The company was formerly known as Startia, Inc. and changed its name to Startia Holdings,Inc. in April 2018. Startia Holdings,Inc. was incorporated in 1996 and is based in Tokyo, Japan.

How the Company Makes Money

Startia Holdings, Inc. generates revenue through the sale of IT-related products and services. The company's primary revenue streams include the provision of network equipment and cloud services to SMEs, which involves the sale and maintenance of IT infrastructure. Additionally, Startia earns income through its digital marketing solutions, which help businesses optimize their online presence and improve their customer engagement strategies. The company also offers IT consulting services, assisting clients in developing and implementing effective IT strategies. Partnerships with technology vendors and a strong focus on customer satisfaction further contribute to its earnings, enabling Startia to maintain a competitive edge in the rapidly evolving IT sector.

Startia Holdings,Inc. Financial Statement Overview

Summary

Startia Holdings, Inc. demonstrates strong financial health with consistent revenue growth and high profitability margins. The balance sheet is stable with a strong equity position and moderate leverage. However, a decline in cash flow metrics suggests potential challenges in maintaining cash flow momentum.

Income Statement

Startia Holdings, Inc. has shown consistent revenue growth with a significant increase from the prior years, reaching a total revenue of ¥22.2 billion in the latest year. The company has maintained strong profitability with a high gross profit margin of approximately 44.9% and a net profit margin of 8.8%. Notably, both EBIT and EBITDA margins have shown improvement, indicating operational efficiency. The revenue growth rate from the previous year is about 13.5%, which reflects a robust growth trajectory.

Balance Sheet

The balance sheet of Startia Holdings shows a healthy equity position with stockholders' equity exceeding total liabilities, leading to a strong equity ratio of about 53.5%. The debt-to-equity ratio is approximately 0.41, indicating moderate leverage and manageable debt levels. Return on equity is impressive at 25.8%, reflecting efficient use of equity to generate profits. Overall, the balance sheet demonstrates stability and a solid financial foundation.

Cash Flow

The cash flow statement reflects positive operating cash flow and free cash flow, although both have decreased compared to the previous year. The free cash flow to net income ratio remains healthy, indicating good cash generation relative to net income. However, the decrease in cash flow metrics warrants attention as it suggests potential challenges in maintaining cash flow momentum.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	22.59B	22.21B	19.57B	20.00B	16.01B	13.32B
Gross Profit	10.15B	9.97B	9.18B	8.45B	6.84B	5.82B
EBITDA	3.30B	3.30B	2.74B	2.48B	1.64B	282.77M
Net Income	1.87B	1.96B	1.55B	1.21B	958.45M	-130.58M
Balance Sheet
Total Assets	13.08B	14.20B	14.69B	12.91B	11.38B	8.79B
Cash, Cash Equivalents and Short-Term Investments	6.31B	6.71B	7.51B	4.99B	3.16B	3.37B
Total Debt	2.74B	3.11B	4.15B	3.14B	3.53B	1.89B
Total Liabilities	6.01B	6.55B	7.87B	7.22B	7.15B	4.21B
Stockholders Equity	7.00B	7.60B	6.79B	5.69B	4.23B	4.58B
Cash Flow
Free Cash Flow	0.00	1.36B	2.08B	975.68M	-852.77M	-856.55M
Operating Cash Flow	0.00	1.73B	2.52B	1.66B	-118.77M	-189.55M
Investing Cash Flow	0.00	-429.34M	-495.00M	227.00K	-359.27M	-703.41M
Financing Cash Flow	0.00	-2.09B	447.17M	135.24M	276.73M	722.01M

Startia Holdings,Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2881.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3393, the sentiment is Positive. The current price of 2881 is above the 20-day moving average (MA) of 2862.20, above the 50-day MA of 2878.72, and above the 200-day MA of 2699.36, indicating a bullish trend. The MACD of 42.83 indicates Negative momentum. The RSI at 65.55 is Neutral, neither overbought nor oversold. The STOCH value of 94.72 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3393.

Startia Holdings,Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3984	80 Outperform	¥26.65B	15.97	―	0.73%	17.86%	21.52%
4396	76 Outperform	¥27.04B	16.07	―	1.70%	22.25%	31.88%
3393	74 Outperform	¥30.63B	13.84	―	4.36%	12.32%	10.42%
2349	72 Outperform	¥27.82B	11.78	―	1.21%	7.21%	0.30%
3916	72 Outperform	¥32.38B	14.25	―	2.45%	19.04%	30.67%
4725	65 Neutral	¥32.65B	10.11	10.34%	4.82%	-3.03%	38.83%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Startia Holdings,Inc. Corporate Events

Startia Holdings Outlines Q3 FY2026 Results, M&A Strategy and Shareholder Returns

Startia Holdings has released supplementary materials for its consolidated financial results for the third quarter of the fiscal year ending March 2026. The disclosure outlines performance in the group as a whole and in its IT infrastructure and DX Solutions segments, and it also details business strategies focused on mergers and acquisitions as well as policies for shareholder returns, indicating management’s emphasis on growth and capital efficiency.

The materials further include an appendix that likely provides additional context on the company’s operations and financial status. While specific figures are not disclosed in this brief, the structure of the release suggests Startia is using its quarterly communication to clarify segment performance, explain strategic use of M&A, and signal its ongoing commitment to enhancing shareholder value.

The most recent analyst rating on (JP:3393) stock is a Buy with a Yen3310.00 price target. To see the full list of analyst forecasts on Startia Holdings,Inc. stock, see the JP:3393 Stock Forecast page.

Startia Holdings Lifts Earnings Outlook and Dividends on Solid Nine-Month Results

Startia Holdings reported consolidated net sales of ¥17.31 billion for the nine months to December 31, 2025, up 7.0% year on year, with operating profit rising 11.4% to ¥2.12 billion and profit attributable to owners of parent increasing 9.7% to ¥1.54 billion. The company improved its equity ratio to 57.8% while total assets declined modestly, reflecting a solid financial base despite an increase in treasury shares.

The group raised its full-year forecast, now expecting ¥23.6 billion in net sales and a 15.1% gain in operating profit, and also revised its dividend plan higher to a total of ¥135 per share, including a commemorative component. These moves signal management’s confidence in earnings momentum and cash generation, and suggest a continued focus on shareholder returns through enhanced dividends against a backdrop of steady growth.

The most recent analyst rating on (JP:3393) stock is a Buy with a Yen3242.00 price target. To see the full list of analyst forecasts on Startia Holdings,Inc. stock, see the JP:3393 Stock Forecast page.

Startia Lifts FY2026 Profit and Dividend Forecasts on Strong Recurring Revenue

Startia Holdings revised its full-year FY2026 guidance, now forecasting slightly lower net sales of ¥23.6 billion but higher operating, ordinary and net profits than previously expected, driven by strong demand in its IT infrastructure-related business. Robust sales of network equipment on the back of heightened security needs and growing recurring revenue from services such as electricity retailing, Hikari Collaboration and Biz-Suke are supporting the profit upgrade.

In its DX solution-related business, steady orders for Cloud CIRCUS tools, including the Fullstar digital guide and IZANAI AI chatbot, have lifted monthly recurring revenue and earnings, prompting the company to lift profit forecasts versus the prior year and earlier guidance. Reflecting the stronger performance and its policy of progressive shareholder returns with a target payout ratio of 55%, Startia also raised its forecast year-end dividend to ¥81 per share, lifting the total annual dividend to ¥135 and signaling increased returns to shareholders alongside earnings growth.

The most recent analyst rating on (JP:3393) stock is a Buy with a Yen3242.00 price target. To see the full list of analyst forecasts on Startia Holdings,Inc. stock, see the JP:3393 Stock Forecast page.