Pole To Win Holdings.Inc. (3657) AI Stock Analysis

• Market Cap: ¥11.85B
• Dividend Yield: 5.03%
• Average Volume (3M): 103.92K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.97
• Revenue Growth: 3.97%
• EPS Growth: 63.06%
• Country: JP
• Employees: 3,347
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 4.39
• Shares Outstanding: 38,156,000
• 10 Day Avg. Volume: 84,110
• 30 Day Avg. Volume: 103,923
• PEG Ratio: 0.33
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 0.28
• P/FCF Ratio: 87.15
• 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: 50 Neutral
• Price Target: ¥365.00 ▲(11.96% Upside)

Pole To Win Holdings Inc. faces significant challenges with profitability and technical weakness, which weigh heavily on the overall score. The robust balance sheet and high dividend yield provide some support, but improvements in profitability and market momentum are needed for a more favorable outlook.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong demand for services, enhancing the company's market position and potential for future expansion.

Balance Sheet Health

A strong balance sheet with a reasonable equity ratio provides financial stability, enabling the company to invest in growth opportunities.

Cash Generation Ability

Positive operating cash flow suggests effective core business operations, supporting ongoing investments and financial obligations.

Negative Factors

Profitability Concerns

Negative net income indicates profitability issues, which can hinder reinvestment and long-term growth prospects.

Inconsistent Cash Flow

Inconsistent cash flow growth can limit the company's ability to fund new projects and manage financial commitments effectively.

Rising Debt Levels

Increased debt levels may strain financial resources, reducing flexibility and increasing risk during economic downturns.

Pole To Win Holdings.Inc. Business Overview & Revenue Model

Company Description

Pole To Win Holdings, Inc., together with its subsidiaries, engages in the testing/verification and evaluation, and Internet supporting businesses in Japan and internationally. The company operates through Testing/Verification & Evaluation Business, Internet Supporting Business, and Others segments. The Testing/Verification & Evaluation Business segment provides defect detection services in support of enhancement in product quality of software and hardware, as well as localization customer support and voice recording services for game software developers. The Internet Supporting Business segment provides monitoring fraud services, such as QR code settlement and virtual currency, as well as services related to identity verification, detection of anti-money laundering, and behavior method services. The Others segment offers services to produce subtitles audio guides for television programs and movies; and provides support services, such as visa obtainment, school enrollment, and daily life procedures for foreign personnel working in medical institutes. The company was formerly known as Poletowin Pitcrew Holdings, Inc. and changed its name to Pole To Win Holdings, Inc. in May 2022. Pole To Win Holdings, Inc. was incorporated in 2009 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Pole To Win Holdings generates revenue primarily through its service offerings, which include quality assurance testing, localization for multiple languages and cultures, and customer support for gaming products. The company charges clients based on the volume and complexity of services rendered, often under contractual agreements. Key revenue streams include project-based fees for testing and localization services, as well as ongoing support contracts. Additionally, the company benefits from partnerships with major game developers and publishers, providing a steady flow of projects and opportunities for long-term contracts that contribute significantly to its earnings.

Pole To Win Holdings.Inc. Financial Statement Overview

Summary

Pole To Win Holdings Inc. presents a mixed financial picture. Revenue growth is positive, but profitability concerns and inconsistent cash flow generation present challenges. The balance sheet remains relatively robust, providing a foundation for potential recovery.

Income Statement

Pole To Win Holdings Inc. has shown a mixed performance in its income statement metrics. The gross profit margin remains relatively stable, but the company has faced significant challenges with profitability, as evidenced by a negative net income in the most recent year and a declining EBIT margin. Revenue growth has been positive over the years, yet the profitability concerns weigh heavily on the overall score.

Balance Sheet

The balance sheet indicates a moderate level of stability with a reasonable equity ratio. However, the debt-to-equity ratio has increased, reflecting a rise in total debt. The company's return on equity has suffered due to negative net income, yet the overall equity position remains strong, suggesting potential for recovery.

Cash Flow

Cash flow analysis reveals some strengths and weaknesses. Operating cash flow remains positive, indicating good cash generation from operations. However, free cash flow growth has been inconsistent, showing negative growth in certain periods. The company struggles to convert net income to cash effectively, impacting the cash flow score.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	52.61B	52.23B	46.98B	39.93B	34.25B	26.73B
Gross Profit	11.96B	11.61B	10.73B	11.05B	9.72B	8.01B
EBITDA	1.07B	1.61B	26.57M	3.04B	4.14B	4.10B
Net Income	-900.00M	-692.47M	-1.97B	795.11M	2.22B	2.12B
Balance Sheet
Total Assets	25.54B	28.44B	24.44B	27.46B	22.28B	20.39B
Cash, Cash Equivalents and Short-Term Investments	6.24B	7.01B	7.84B	11.19B	9.74B	11.16B
Total Debt	7.65B	7.10B	4.99B	3.87B	299.78M	46.52M
Total Liabilities	14.15B	16.00B	11.00B	9.77B	4.64B	4.71B
Stockholders Equity	11.38B	12.44B	13.44B	17.68B	17.64B	15.67B
Cash Flow
Free Cash Flow	0.00	170.00M	-1.45B	799.85M	1.19B	1.44B
Operating Cash Flow	0.00	919.70M	838.84M	1.92B	1.84B	2.04B
Investing Cash Flow	0.00	-3.18B	-2.90B	-2.56B	-2.66B	-963.22M
Financing Cash Flow	0.00	1.25B	-1.51B	2.01B	-659.83M	-468.69M

Pole To Win Holdings.Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 326.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3657, the sentiment is Neutral. The current price of 326 is above the 20-day moving average (MA) of 324.60, below the 50-day MA of 326.60, and below the 200-day MA of 348.11, indicating a neutral trend. The MACD of 2.92 indicates Negative momentum. The RSI at 65.32 is Neutral, neither overbought nor oversold. The STOCH value of 82.63 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3657.

Pole To Win Holdings.Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2354	82 Outperform	¥15.32B	11.97	―	2.66%	―	―
3918	74 Outperform	¥12.69B	12.54	―	3.61%	-2.26%	3.37%
3676	73 Outperform	¥20.35B	22.50	―	2.36%	-2.68%	-12.83%
6199	73 Outperform	¥22.82B	14.08	―	0.85%	11.50%	11.20%
2335	71 Outperform	¥16.61B	14.71	―	3.60%	2.46%	-5.85%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
3657	50 Neutral	¥11.85B	-17.30	―	5.03%	3.97%	63.06%

Pole To Win Holdings.Inc. Corporate Events

Pole To Win Holdings Revises Earnings Forecast but Maintains Dividend

Pole To Win Holdings, Inc. has revised its full-year consolidated earnings forecast for the fiscal year ending January 2026 due to a sluggish number of projects in both Domestic and Overseas Solutions, leading to a decrease in sales and operating profit. Despite the revision in earnings forecasts, the company has maintained its dividend forecast, aiming to provide stable and continuous dividends with an annual dividend of ¥16 per share.

The most recent analyst rating on (JP:3657) stock is a Hold with a Yen365.00 price target. To see the full list of analyst forecasts on Pole To Win Holdings.Inc. stock, see the JP:3657 Stock Forecast page.

Pole To Win Holdings Revises Earnings Forecast Amid Market Challenges

Pole To Win Holdings, Inc. announced a downward revision of its full-year earnings forecast due to sluggish order acquisition in both domestic and overseas markets, leading to lower than expected sales and operating income. The company is implementing business restructuring to address these challenges, including reassessing asset values and recording potential impairment losses to stabilize future profitability. Additionally, special gains were recorded from the sale of shares in affiliated companies HIKE and AQUAPLUS.

The most recent analyst rating on (JP:3657) stock is a Hold with a Yen365.00 price target. To see the full list of analyst forecasts on Pole To Win Holdings.Inc. stock, see the JP:3657 Stock Forecast page.

Pole To Win Holdings Reports Decline in Nine-Month Financial Results

Pole To Win Holdings, Inc. reported a decline in financial performance for the nine months ending October 31, 2025, with net sales slightly down by 0.7% and significant drops in operating and ordinary profits. The company has revised its full-year earnings forecast, reflecting a challenging market environment and strategic adjustments, including the exclusion of nine companies from its consolidation scope.

The most recent analyst rating on (JP:3657) stock is a Hold with a Yen365.00 price target. To see the full list of analyst forecasts on Pole To Win Holdings.Inc. stock, see the JP:3657 Stock Forecast page.

Pole To Win Holdings Shifts Focus After Exiting Media Contents Business

Pole To Win Holdings, Inc. announced its withdrawal from the Media Contents business, a move aimed at addressing declining profitability. The company is reallocating resources to enhance its Domestic and Overseas Solutions segments, with a focus on the tech sector and gaming industry. Despite challenges in achieving significant revenue growth due to the absence of Media Contents contributions and completed large-scale projects, the company is implementing strategies to improve profitability, including office consolidation and leveraging generative AI. The company is also considering mergers and acquisitions to drive growth in high-potential sectors.

The most recent analyst rating on (JP:3657) stock is a Hold with a Yen365.00 price target. To see the full list of analyst forecasts on Pole To Win Holdings.Inc. stock, see the JP:3657 Stock Forecast page.

Pole To Win Holdings Completes Share Distribution to Enhance Liquidity

Pole To Win Holdings, Inc. has completed an off-floor distribution of 215,000 shares on October 29, 2025, at an offering price of ¥320 per share, as part of a strategy to enhance share liquidity and meet shareholder intentions to sell. This move is expected to improve the distribution of shares and potentially strengthen the company’s market position by increasing the liquidity of its stock on the Tokyo Stock Exchange.

The most recent analyst rating on (JP:3657) stock is a Hold with a Yen365.00 price target. To see the full list of analyst forecasts on Pole To Win Holdings.Inc. stock, see the JP:3657 Stock Forecast page.

Pole To Win Holdings Announces Off-Floor Share Distribution to Enhance Liquidity

Pole To Win Holdings, Inc. announced an off-floor distribution of 215,000 shares scheduled for October 29, 2025, at a price of ¥320 per share, aimed at improving share distribution and enhancing liquidity. This strategic move is in response to shareholder intentions to sell shares, potentially impacting the company’s market positioning by increasing share accessibility and liquidity.

The most recent analyst rating on (JP:3657) stock is a Hold with a Yen365.00 price target. To see the full list of analyst forecasts on Pole To Win Holdings.Inc. stock, see the JP:3657 Stock Forecast page.

Pole To Win Holdings Announces Off-Floor Share Distribution

Pole To Win Holdings, Inc. announced plans for an off-floor distribution of 215,000 shares on the Tokyo Stock Exchange from October 29 to October 31, 2025. This move aims to improve share distribution and enhance liquidity in response to shareholder intentions to sell. The offering price will be based on the closing price or final indicative price of the shares prior to the distribution date. The transaction may be postponed or canceled due to significant market volatility or unforeseen circumstances.

The most recent analyst rating on (JP:3657) stock is a Hold with a Yen365.00 price target. To see the full list of analyst forecasts on Pole To Win Holdings.Inc. stock, see the JP:3657 Stock Forecast page.