PAPYLESS CO., LTD. (JP:3641)
:3641
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PAPYLESS CO., LTD.
(3641)
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Rating:57Neutral
Price Target:
¥1,006.00
▲(4.03% Upside)
Action:Reiterated
Date:05/17/26
The score is mainly supported by a conservatively positioned balance sheet with very low leverage, but capped by multi-year revenue contraction and unstable profitability/cash-flow history. Technically, the stock is in a downtrend with bearish momentum, partially offset by oversold indicators. Valuation further limits upside given the high P/E and modest dividend yield.
Positive Factors
Conservative balance sheet with negligible debt
Extremely low leverage gives durable financial resilience: it lowers bankruptcy and refinancing risk, preserves capacity to invest or weather further top-line weakness, and supports strategic flexibility. This structural strength helps sustain the firm through cyclical or execution challenges.
Negative Factors
Multi-year revenue decline
Sustained top-line contraction over multiple years indicates structural demand weakness or competitive pressure. Continued revenue erosion undermines operating leverage, limits margin recovery, reduces reinvestment capacity, and constrains the company’s long-term growth runway absent a clear reversal.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet with negligible debt
Extremely low leverage gives durable financial resilience: it lowers bankruptcy and refinancing risk, preserves capacity to invest or weather further top-line weakness, and supports strategic flexibility. This structural strength helps sustain the firm through cyclical or execution challenges.
Read all positive factors
PAPYLESS CO., LTD. (3641) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥8.27B
Dividend Yield1.02%
Average Volume (3M)6.02K
Price to Earnings (P/E)―
Beta (1Y)0.33
Revenue Growth-6.52%
EPS Growth97.10%
CountryJP
Employees148
SectorCommunication Services
Sector Strength97
IndustryPublishing
Share Statistics
EPS (TTM)-35.09
Shares Outstanding10,326,880
10 Day Avg. Volume5,130
30 Day Avg. Volume6,020
Financial Highlights & Ratios
PEG Ratio17.29
Price to Book (P/B)0.94
Price to Sales (P/S)0.57
P/FCF Ratio20.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
PAPYLESS CO., LTD. Business Overview & Revenue Model
Company Description
Papyless Co., Ltd. sells and rents electronic books in Japan, the United States, and internationally. It offers novel and non-fiction books, practical books, photo books, comics, hobbies/life/magazines, utility books, business/education books, and...
How the Company Makes Money
PAPYLESS primarily makes money by selling and/or licensing access to digital content (notably e-comics) through its online storefront and reader services. Revenue is generated when users purchase individual titles or volumes and, where applicable,...
PAPYLESS CO., LTD. Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
86
Very Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 15.35B | 14.74B | 15.77B | 17.18B | 18.63B | 20.70B |
| Gross Profit | 7.34B | 6.84B | 7.55B | 8.25B | 8.75B | 10.08B |
| EBITDA | -314.00M | 139.00M | -300.00M | 193.00M | 434.00M | 966.00M |
| Net Income | -349.00M | -5.00M | -164.00M | 217.00M | 658.00M | 752.00M |
Balance Sheet | ||||||
| Total Assets | 12.87B | 13.33B | 12.74B | 14.53B | 13.39B | 13.83B |
| Cash, Cash Equivalents and Short-Term Investments | 10.15B | 10.78B | 10.08B | 11.92B | 10.23B | 10.78B |
| Total Debt | 0.00 | 2.00M | 0.00 | 1.00M | 2.00M | 0.00 |
| Total Liabilities | 3.94B | 4.36B | 3.71B | 4.16B | 3.96B | 5.06B |
| Stockholders Equity | 8.81B | 8.96B | 8.90B | 10.30B | 9.39B | 8.73B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 418.00M | -576.00M | 687.00M | -614.00M | -101.00M |
| Operating Cash Flow | 0.00 | 421.00M | -573.00M | 691.00M | -613.00M | -101.00M |
| Investing Cash Flow | 0.00 | -3.00M | 158.00M | -16.00M | 101.00M | -541.00M |
| Financing Cash Flow | 0.00 | -87.00M | -1.37B | 582.00M | -151.00M | -1.18B |
PAPYLESS CO., LTD. Technical Analysis
Negative
967.00
Price Trends
1020.51
Negative
1024.25
Negative
965.02
Negative
Market Momentum
-12.79
Positive
24.38
Positive
3.90
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3641, the sentiment is Negative. The current price of 967 is below the 20-day moving average (MA) of 984.95, below the 50-day MA of 1020.51, and above the 200-day MA of 965.02, indicating a bearish trend. The MACD of -12.79 indicates Positive momentum. The RSI at 24.38 is Positive, neither overbought nor oversold. The STOCH value of 3.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3641.
PAPYLESS CO., LTD. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥13.14B | 1.83 | ― | ― | 0.25% | 220.77% | |
75 Outperform | ¥5.80B | 6.97 | ― | 5.27% | 12.07% | 91.72% | |
70 Outperform | ¥7.39B | 11.46 | ― | 0.87% | -2.98% | 29.94% | |
62 Neutral | ¥19.15B | 33.91 | ― | 2.01% | 6.50% | 33.16% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
57 Neutral | ¥8.27B | -16.29 | ― | 1.02% | -6.52% | 97.10% | |
42 Neutral | ¥3.72B | 83.99 | ― | 2.04% | 3.63% | -81.64% |
* Communication Services Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.