AltPlus Inc. (JP:3672)
:3672
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AltPlus Inc.
(3672)
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Rating:42Neutral
Price Target:
¥38.00
▼(-26.92% Downside)
Action:ReiteratedDate:03/24/26
The score is held down primarily by weak financial performance—shrinking revenue, persistent losses, and sustained cash burn. Technicals add further pressure with a clear downtrend (price below key moving averages and negative MACD). Valuation offers limited support because the negative P/E reflects ongoing unprofitability and no dividend data is available.
Positive Factors
Low Leverage
Zero reported debt materially reduces refinancing and interest-rate risk and preserves financial optionality over the coming months. This gives management runway to prioritize product investment or reorganize without immediate debt service pressure, supporting survival while addressing operating losses.
Negative Factors
Multi-year Revenue Decline
Sustained top-line shrinkage erodes scale economics and limits the company's ability to fund content, marketing, and platform improvements. Falling revenue makes it harder to restore margins and market share, requiring successful new product launches or commercial pivots to reverse the trend.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Zero reported debt materially reduces refinancing and interest-rate risk and preserves financial optionality over the coming months. This gives management runway to prioritize product investment or reorganize without immediate debt service pressure, supporting survival while addressing operating losses.
Read all positive factors
AltPlus Inc. (3672) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.36B
Dividend YieldN/A
Average Volume (3M)781.07K
Price to Earnings (P/E)―
Beta (1Y)0.84
Revenue Growth-17.60%
EPS Growth37.30%
CountryJP
Employees217
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-3.14
Shares Outstanding83,955,230
10 Day Avg. Volume413,670
30 Day Avg. Volume781,070
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)2.48
Price to Sales (P/S)0.87
P/FCF Ratio-4.36
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
AltPlus Inc. Business Overview & Revenue Model
Company Description
AltPlus Inc. engages in the planning, development, and operation of social games. It is also involved in IT service development and operation support. AltPlus Inc. was founded in 2010 and is headquartered in Tokyo, Japan....
AltPlus Inc. Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
58
Neutral
Cash Flow
14
Very Negative
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.90B | 3.52B | 4.39B | 6.00B | 7.29B |
| Gross Profit | 174.04M | 214.94M | 373.39M | 228.03M | 487.68M |
| EBITDA | -464.97M | -450.31M | -557.40M | -795.60M | -521.97M |
| Net Income | -434.66M | -452.27M | -420.60M | -780.44M | -388.79M |
Balance Sheet | |||||
| Total Assets | 1.75B | 1.54B | 1.90B | 1.97B | 2.92B |
| Cash, Cash Equivalents and Short-Term Investments | 863.51M | 766.13M | 847.35M | 783.87M | 1.52B |
| Total Debt | 0.00 | 0.00 | 0.00 | 116.67M | 171.67M |
| Total Liabilities | 733.51M | 763.77M | 943.53M | 1.04B | 1.22B |
| Stockholders Equity | 1.01B | 774.32M | 950.46M | 928.01M | 1.69B |
Cash Flow | |||||
| Free Cash Flow | -575.35M | -411.23M | -456.15M | -731.36M | -64.09M |
| Operating Cash Flow | -573.01M | -410.77M | -452.04M | -710.62M | -63.84M |
| Investing Cash Flow | 19.09M | 62.97M | 309.42M | 94.24M | -317.40M |
| Financing Cash Flow | 651.30M | 266.58M | 326.38M | -54.00M | 126.67M |
AltPlus Inc. Technical Analysis
Negative
52.00
Price Trends
44.40
Negative
50.85
Negative
63.81
Negative
Market Momentum
-1.31
Negative
41.66
Neutral
28.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3672, the sentiment is Negative. The current price of 52 is above the 20-day moving average (MA) of 41.45, above the 50-day MA of 44.40, and below the 200-day MA of 63.81, indicating a bearish trend. The MACD of -1.31 indicates Negative momentum. The RSI at 41.66 is Neutral, neither overbought nor oversold. The STOCH value of 28.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3672.
AltPlus Inc. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | ¥9.39B | 9.63 | ― | ― | 11.15% | ― | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
55 Neutral | ¥2.48B | 10.49 | ― | ― | -10.80% | -64.63% | |
52 Neutral | ¥25.81B | -95.92 | ― | ― | -14.71% | -38.87% | |
46 Neutral | ¥18.95B | 9.33 | ― | ― | -37.68% | ― | |
42 Neutral | ¥3.36B | -4.30 | ― | ― | -17.60% | 37.30% | |
42 Neutral | ¥12.05B | 4.66 | ― | ― | 93.85% | -216.24% |
* Communication Services Sector Average
JP:3672
AltPlus Inc.
40.00
-7.00
-14.89%
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331.00
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415.00
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gumi, Inc.
352.00
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JP:3911
Aiming, Inc.
201.00
-23.00
-10.27%
JP:3928
Mynet, Inc.
285.00
96.00
50.79%
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.