ENIGMO, Inc. (JP:3665)
:3665
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ENIGMO, Inc.
(3665)
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Rating:55Neutral
Price Target:
¥377.00
▼(-15.47% Downside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by mixed financial performance—strong balance-sheet safety and a sharp 2026 revenue rebound are offset by major margin compression and weaker cash conversion. Technicals are currently bearish (price below key moving averages with negative momentum), while valuation is challenged by a high P/E despite support from a high dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage and steadily growing equity give Enigmo lasting solvency strength. This conservatism preserves optionality for M&A, one-off investments, or dividend payouts during cyclical downturns and reduces refinancing risk, supporting long-term financial flexibility.
Negative Factors
Severe margin compression
Operating profitability has collapsed versus prior double-digit levels, signaling higher structural costs or weaker pricing power below gross margin. Persistently thin EBIT undermines reinvestment capacity, increases sensitivity to revenue swings, and weakens sustainable free cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage and steadily growing equity give Enigmo lasting solvency strength. This conservatism preserves optionality for M&A, one-off investments, or dividend payouts during cyclical downturns and reduces refinancing risk, supporting long-term financial flexibility.
Read all positive factors
ENIGMO, Inc. (3665) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥15.32B
Dividend Yield2.31%
Average Volume (3M)459.21K
Price to Earnings (P/E)9.4
Beta (1Y)0.92
Revenue Growth9.71%
EPS Growth-70.49%
CountryJP
Employees149
SectorConsumer Cyclical
Sector Strength84
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)9.43
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. engages in planning, developing, and operating 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 traveler...
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 | 6.26B | 6.30B | 5.93B | 6.20B | 6.87B | 7.62B |
| Gross Profit | 4.61B | 4.53B | 4.52B | 4.86B | 5.45B | 6.14B |
| EBITDA | 585.82M | 212.63M | 731.15M | 1.02B | 1.16B | 3.00B |
| Net Income | 253.00M | 326.64M | 433.00M | 838.37M | 712.57M | 2.06B |
Balance Sheet | ||||||
| Total Assets | 14.45B | 15.29B | 14.44B | 13.24B | 12.69B | 13.68B |
| Cash, Cash Equivalents and Short-Term Investments | 8.72B | 8.79B | 9.29B | 10.73B | 10.32B | 12.84B |
| Total Debt | 208.10M | 68.89M | 209.71M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.89B | 3.52B | 3.00B | 2.71B | 2.55B | 2.82B |
| Stockholders Equity | 11.54B | 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. Technical Analysis
Neutral
446.00
Price Trends
421.14
Negative
410.85
Negative
362.02
Positive
Market Momentum
-9.81
Positive
44.68
Neutral
19.77
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3665, the sentiment is Neutral. The current price of 446 is above the 20-day moving average (MA) of 402.80, above the 50-day MA of 421.14, and above the 200-day MA of 362.02, indicating a neutral trend. The MACD of -9.81 indicates Positive momentum. The RSI at 44.68 is Neutral, neither overbought nor oversold. The STOCH value of 19.77 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3665.
ENIGMO, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥39.77B | 20.49 | ― | 0.52% | 26.98% | 19.69% | |
69 Neutral | ¥222.86B | 21.08 | ― | 0.43% | 15.01% | 19.66% | |
65 Neutral | ¥9.93B | 13.23 | ― | 2.16% | 2.75% | 25.24% | |
64 Neutral | ¥579.06B | 35.93 | 20.54% | 1.47% | 11.81% | 16.69% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | ¥15.32B | 9.42 | ― | 2.31% | 9.71% | -70.49% | |
52 Neutral | ¥107.82B | 367.27 | ― | 0.14% | 36.42% | 28.23% |
* Consumer Cyclical Sector Average
JP:3665
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ENIGMO, Inc. Corporate Events
Enigmo Misses Revenue and Bottom-Line Forecast but Beats Profit Targets on Cost Controls
Mar 16, 2026
Enigmo Inc. reported that revenues for the fiscal year ended January 2026 fell short of its previous forecast due to a challenging consumer environment in its core BUYMA business, exacerbated by euro appreciation, leading to slightly lower net sal...
Enigmo Lifts Profit Above Plan as PHOENIX PROJECT Restructuring Advances
Mar 16, 2026
Enigmo Inc. reported fiscal year ended January 2026 results showing operating income above plan despite one-time structural reform costs, while net sales rose year-on-year but slightly missed internal targets. Management advanced its PHOENIX PROJE...
Enigmo Boosts Dividend Despite Profit Slump, Targets Earnings Rebound in FY2027
Mar 16, 2026
Enigmo reported net sales of ¥6.3 billion for the fiscal year ended January 31, 2026, up 6.2% year on year, but operating and ordinary profits plunged more than 90% to around ¥40 million, while profit attributable to owners fell 24.7% to...
Enigmo to Book Extraordinary Gain from Sale of Investment Securities
Feb 18, 2026
Enigmo Inc. has resolved to sell part of its holdings in listed investment securities, expecting to recognize an extraordinary gain of around 800 million yen, based on current market prices, by the end of January 2027. The move is intended to comp...
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.