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ENIGMO, Inc.
(3665)
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Rating:59Neutral
Price Target:
¥417.00
▼(-0.24% Downside)
Action:Reiterated
Date:08/06/26
Overall score reflects a strong, low-leverage balance sheet and a positive 2026 revenue rebound, offset by sharply weaker profitability and inconsistent cash generation. Technicals are mixed with neutral momentum, while valuation is constrained by a high P/E despite an attractive dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage and steady equity growth create durable financial flexibility. A conservative capital structure reduces solvency risk, supports investment or returns during downturns, and preserves optionality for capex, M&A, or sustaining dividends over the medium term.
Negative Factors
Compressed profitability
Sharp erosion in operating and net margins signals weaker earnings quality and higher operating costs below gross profit. Persistently low margins limit retained earnings, constrain reinvestment, and raise risk that revenue gains will not translate into durable shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and steady equity growth create durable financial flexibility. A conservative capital structure reduces solvency risk, supports investment or returns during downturns, and preserves optionality for capex, M&A, or sustaining dividends over the medium term.
Read all positive factors
ENIGMO, Inc. (3665) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥16.78B
Dividend Yield7.44%
Average Volume (3M)459.21K
Price to Earnings (P/E)45.5
Beta (1Y)0.76
Revenue Growth2.75%
EPS Growth-14.88%
CountryJP
Employees157
SectorConsumer Cyclical
Sector Strength84
IndustrySoftware - Application
Share Statistics
EPS (TTM)8.85
Shares Outstanding42,642,000
10 Day Avg. Volume380,790
30 Day Avg. Volume459,210
Financial Highlights & Ratios
PEG Ratio-1.99
Price to Book (P/B)1.36
Price to Sales (P/S)2.54
P/FCF Ratio297.52
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)1.3
Revenue Forecast (FY)¥10.80B
ENIGMO, Inc. Business Overview & Revenue Model
Company Description
Enigmo Inc. plans, develops, and operates internet business in Japan. It operates BUYMA, a marketplace for buying fashion items from personal shoppers; BUYMA TRAVEL, a website that provides private local tours to Japanese travelers living abroad; ...
ENIGMO, Inc. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
83
Very Positive
Cash Flow
47
Neutral
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.27B | 6.30B | 5.93B | 6.20B | 6.87B | 7.62B |
| Gross Profit | 4.51B | 4.53B | 4.52B | 4.86B | 5.45B | 6.14B |
| EBITDA | 79.90M | 212.63M | 731.15M | 1.02B | 1.16B | 3.00B |
| Net Income | 351.17M | 326.64M | 433.00M | 838.37M | 712.57M | 2.06B |
Balance Sheet | ||||||
| Total Assets | 13.58B | 15.29B | 14.44B | 13.24B | 12.69B | 13.68B |
| Cash, Cash Equivalents and Short-Term Investments | 6.86B | 8.79B | 9.29B | 10.73B | 10.32B | 12.84B |
| Total Debt | 65.72M | 68.89M | 209.71M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.08B | 3.52B | 3.00B | 2.71B | 2.55B | 2.82B |
| Stockholders Equity | 10.48B | 11.76B | 11.43B | 10.53B | 10.15B | 10.86B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 53.74M | 226.51M | 1.68B | -352.62M | 1.47B |
| Operating Cash Flow | 0.00 | 210.00M | 269.89M | 1.71B | -322.76M | 1.51B |
| Investing Cash Flow | 0.00 | -1.26B | -1.41B | -1.01B | -785.26M | -56.42M |
| Financing Cash Flow | 0.00 | -557.13M | -298.05M | -480.57M | -1.42B | -416.42M |
ENIGMO, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥62.41B | 27.57 | ― | 0.83% | 20.60% | 35.88% | |
77 Outperform | ¥258.82B | 17.15 | ― | 0.43% | 15.63% | 22.43% | |
76 Outperform | ¥749.40B | 31.22 | 21.37% | 1.54% | 11.96% | 18.70% | |
71 Outperform | ¥9.15B | 10.78 | ― | 2.16% | -1.76% | 25.65% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | ¥16.78B | 45.54 | ― | 7.37% | 2.75% | -14.88% | |
53 Neutral | ¥122.93B | 88.16 | ― | 0.14% | 18.12% | -45.73% |
* Consumer Cyclical Sector Average
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ENIGMO, Inc. Corporate Events
Enigmo to Absorb HR Subsidiary Getsuraku After Capital Restructuring
Jul 23, 2026
Enigmo Inc. will absorb its wholly owned recruitment agency subsidiary Getsuraku Inc. via a simplified, absorption-type merger effective September 8, 2026, dissolving the smaller entity and integrating its operations as an internal department. The...
Enigmo Sets 30 Yen Year-End Dividend and Outlines Post-Restructuring Return Policy
Jun 12, 2026
Enigmo Inc. has revised its dividend policy for the fiscal year ending January 31, 2027, resolving to pay a total year-end dividend of 30 yen per share, comprised of a 10 yen regular dividend and a 20 yen special dividend commemorating BUYMA’...
Enigmo Sticks to Dividend as Structural Reforms Drive Vintage Growth
Jun 12, 2026
Enigmo reported nearly flat consolidated net sales of 1,463 million yen for the first quarter of the fiscal year ending January 2027, at 98 percent of the prior year, as it continued its second year of the PHOENIX PROJECT structural reform. The co...
Enigmo Posts Q1 Loss but Lifts Earnings, Keeps Growth Outlook and Ups Dividend Plan
Jun 12, 2026
Enigmo Inc. reported consolidated net sales of ¥1,463 million for the three months ended April 30, 2026, a slight year-on-year decline, and posted operating and ordinary losses, while profit attributable to owners of parent rose to ¥101 ...
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.