Startia Holdings,Inc. (3393) AI Stock Analysis

• Market Cap: ¥28.89B
• Dividend Yield: 4.36%
• Average Volume (3M): 44.72K
• Price to Earnings (P/E): 14.6
• Beta (1Y): 0.68
• Revenue Growth: 12.32%
• EPS Growth: 10.42%
• Country: JP
• Employees: 908
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 57.12
• 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: ¥3,219.00 ▲(11.73% Upside)

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

Sustained Revenue Growth

Consistent double-digit revenue growth to ¥22.2bn and ~13.5% year-on-year expansion indicates durable demand for Startia’s IT, cloud and digital services. This growth supports scalable recurring revenues and underpins long-term investment in product and geographic expansion.

High Gross and Improving Margins

A ~44.9% gross margin and improving EBIT/EBITDA margins reflect pricing power, efficient service delivery and operating leverage. Sustained margin expansion enhances resilience to cost inflation and funds reinvestment, supporting durable profitability as the business scales.

Healthy Balance Sheet and Strong ROE

A strong equity ratio, moderate leverage and a high ROE (25.8%) provide financial flexibility for capex, M&A or buybacks. The conservative balance sheet lowers solvency risk, enabling sustained investment in growth initiatives without over-reliance on external financing.

Negative Factors

Declining Operating and Free Cash Flow

Falling operating and free cash flow, despite positive levels, suggest weaker cash conversion that can constrain funding for capex, acquisitions or dividends. If the trend persists it may force trade-offs between growth investments and shareholder returns.

Moderate Net Margin Relative to Gross Margin

An 8.8% net margin against a high gross margin points to significant operating or SG&A spend. This gap exposes the business to profit sensitivity from rising operating costs and limits retained earnings available for strategic reinvestment over the medium term.

Cash Momentum Risk

Management faces a potential cash-momentum issue: declining cash flow metrics, even with healthy FCF-to-income ratio, could signal working-capital strain or timing effects. Persistent weakness would pressure liquidity and strategic flexibility over the coming 2-6 months.

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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
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: Neutral

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 2806.40, above the 50-day MA of 2708.38, and above the 200-day MA of 2553.78, indicating a bullish trend. The MACD of 65.98 indicates Negative momentum. The RSI at 65.38 is Neutral, neither overbought nor oversold. The STOCH value of 76.16 is Neutral, 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
4396	76 Outperform	¥32.13B	20.38	―	1.70%	22.25%	31.88%
3788	76 Outperform	¥26.68B	25.84	―	1.50%	7.83%	49.73%
3393	74 Outperform	¥28.89B	14.60	―	4.36%	12.32%	10.42%
6050	69 Neutral	¥19.61B	20.81	―	2.13%	-0.62%	-11.36%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
2158	55 Neutral	¥34.90B	126.52	―	―	-10.49%	―
2338	42 Neutral	¥18.06B	-31.54	―	―	―	―

Startia Holdings,Inc. Corporate Events

Startia Holdings Reports Mixed Financial Results for First Half of 2025

Startia Holdings, Inc. reported its consolidated financial results for the six months ended September 30, 2025, showing a 6.9% increase in net sales compared to the previous year. Despite the rise in sales, the profit attributable to owners of the parent decreased by 7.6%, indicating potential challenges in maintaining profitability. The company announced a forecast for the fiscal year ending March 31, 2026, projecting an 8.5% increase in net sales and a modest 2.0% growth in profit attributable to owners, suggesting cautious optimism for future growth.

The most recent analyst rating on (JP:3393) stock is a Buy with a Yen2929.00 price target. To see the full list of analyst forecasts on Startia Holdings,Inc. stock, see the JP:3393 Stock Forecast page.

Startia Holdings Reports Increased Sales but Decline in Profit

Startia Holdings, Inc. announced its consolidated financial results for the six months ended September 30, 2025, reporting a 6.9% increase in net sales to ¥11,512 million. Despite this growth, profit attributable to owners of the parent decreased by 7.6% to ¥936 million. The company also declared a second quarter dividend, including a commemorative dividend, and maintained its financial forecast for the fiscal year ending March 31, 2026.

The most recent analyst rating on (JP:3393) stock is a Buy with a Yen2929.00 price target. To see the full list of analyst forecasts on Startia Holdings,Inc. stock, see the JP:3393 Stock Forecast page.