Voltage Incorporation (3639) AI Stock Analysis

• Market Cap: ¥1.55B
• Dividend Yield: N/A
• Average Volume (3M): 70.72K
• Price to Earnings (P/E): 50.5
• Beta (1Y): 0.42
• Revenue Growth: -17.76%
• EPS Growth: -15.23%
• Country: JP
• Employees: 165
• Sector: Communication Services
• Sector Strength: 97
• Industry: Electronic Gaming & Multimedia
• EPS (TTM): N/A
• Shares Outstanding: 6,602,675
• 10 Day Avg. Volume: 40,500
• 30 Day Avg. Volume: 70,716
• PEG Ratio: 0.84
• Price to Book (P/B): 0.77
• Price to Sales (P/S): 0.60
• P/FCF Ratio: 82.16
• 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: 49 Neutral
• Price Target: ¥238.00 ▼(-9.16% Downside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is held back primarily by weakening technicals (price below key moving averages and negative MACD) and a high P/E valuation. Financials are a partial offset due to low leverage and a return to modest profitability and positive cash flow in 2025, but thin margins and ongoing revenue declines keep overall quality only fair.

Positive Factors

Conservative balance sheet / low leverage

Sustained low leverage and a stable equity base provide durable financial flexibility. This reduces interest burden and insolvency risk, enabling the company to fund content development, weather revenue cycles, and pursue strategic initiatives without heavy reliance on external debt.

Negative Factors

Multi-year revenue contraction

Sustained top-line decline erodes scale and operating leverage for a content-driven publisher. Shrinking revenues raise the per-unit cost of content creation, limit marketing reach, and constrain the company’s ability to refresh franchises, making profit recovery harder and riskier over time.

Voltage Incorporation Business Overview & Revenue Model

Company Description

Voltage Incorporation plans, designs, develops, produces, and operates mobile content in Japan and internationally. It also plans, manufactures, and sells event merchandise, videos, movies, and music using intellectual property content; and conten...

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Voltage Incorporation plans, designs, develops, produces, and operates mobile content in Japan and internationally. It also plans, manufactures, and sells event merchandise, videos, movies, and music using intellectual property content; and conten...

Voltage Incorporation Financial Statement Overview

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	2.82B	3.46B	4.26B	5.39B	6.90B
Gross Profit	1.48B	1.83B	2.44B	3.15B	4.53B
EBITDA	68.87M	51.38M	2.67M	-363.10M	200.41M
Net Income	13.31M	5.27M	-39.15M	-412.17M	163.21M
Balance Sheet
Total Assets	2.79B	2.84B	2.96B	3.06B	3.51B
Cash, Cash Equivalents and Short-Term Investments	1.33B	1.38B	1.45B	1.47B	1.84B
Total Debt	101.69M	105.68M	139.68M	143.67M	147.67M
Total Liabilities	598.08M	665.14M	793.11M	870.26M	875.34M
Stockholders Equity	2.20B	2.18B	2.16B	2.19B	2.64B
Cash Flow
Free Cash Flow	20.64M	0.00	71.03M	-181.03M	157.90M
Operating Cash Flow	41.56M	0.00	112.03M	-125.49M	232.58M
Investing Cash Flow	-1.83M	-79.00M	-139.06M	-204.50M	-259.29M
Financing Cash Flow	-4.02M	-34.00M	-4.03M	-55.10M	329.69M

Voltage Incorporation Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 262.00
• 50DMA: Negative
• 100DMA: Negative
• 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:3639, the sentiment is Negative. The current price of 262 is above the 20-day moving average (MA) of 241.90, above the 50-day MA of 252.58, and below the 200-day MA of 270.51, indicating a bearish trend. The MACD of -3.47 indicates Negative momentum. The RSI at 40.98 is Neutral, neither overbought nor oversold. The STOCH value of 35.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3639.

Voltage Incorporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3911	62 Neutral	¥9.11B	9.63	―	―	11.15%	―
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
3928	55 Neutral	¥2.41B	10.49	―	―	-10.80%	-64.63%
3656	52 Neutral	¥26.51B	-5.14	―	―	-14.71%	-38.87%
3639	49 Neutral	¥1.55B	50.51	―	―	-17.76%	-15.23%
4175	48 Neutral	¥11.05B	137.85	―	―	16.70%	87.76%
3903	46 Neutral	¥17.61B	9.33	―	―	-37.68%	―