V-cube, Inc. (JP:3681)
:3681
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V-cube
(3681)
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Rating:41Neutral
Price Target:
¥66.00
▼(-49.62% Downside)
Action:ReiteratedDate:04/11/26
The score is primarily held down by weak financial performance (losses, negative equity, and 2025 cash burn), reinforced by bearish technicals with the price far below key moving averages and negative MACD. Valuation metrics do not offset these risks because the company is loss-making (negative P/E) and no dividend yield is available in the data.
Positive Factors
Recurring revenue model
The core business is subscription/usage fees plus enterprise deployment and support, creating recurring revenue and customer stickiness. Over months this provides predictable cash inflows, higher retention and upsell potential, supporting steadier revenue and planning versus one-off sales.
Negative Factors
Negative shareholders' equity
Negative equity is a structural balance-sheet impairment that erodes financial flexibility. It increases insolvency risk, can limit access to credit or require restrictive covenants, and typically forces material capital actions to restore a solvent capital structure.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue model
The core business is subscription/usage fees plus enterprise deployment and support, creating recurring revenue and customer stickiness. Over months this provides predictable cash inflows, higher retention and upsell potential, supporting steadier revenue and planning versus one-off sales.
Read all positive factors
V-cube (3681) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.79B
Dividend YieldN/A
Average Volume (3M)112.55K
Price to Earnings (P/E)―
Beta (1Y)1.23
Revenue Growth-8.32%
EPS Growth71.98%
CountryJP
Employees372
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-84.32
Shares Outstanding26,343,900
10 Day Avg. Volume69,410
30 Day Avg. Volume112,550
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-4.29
Price to Sales (P/S)0.34
P/FCF Ratio-3.36
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)¥15.50B
V-cube Business Overview & Revenue Model
Company Description
V-cube, Inc. develops and provides visual communication services to enterprise customers. The company offers V-CUBE Meeting, a cloud-based Web conferencing service; V-CUBE Seminar, a Web seminar product for seminars, training, and information sess...
How the Company Makes Money
V-cube primarily makes money by charging businesses and organizations for the use of its video communication platform and related services. Key revenue streams generally include (1) subscription or usage-based fees for web conferencing/video meeti...
V-cube Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
12
Very Negative
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.86B | 9.86B | 10.46B | 11.08B | 12.23B | 11.49B |
| Gross Profit | 3.52B | 3.56B | 3.95B | 4.64B | 5.42B | 5.31B |
| EBITDA | -77.86M | -794.76M | 960.49M | 1.27B | 1.94B | 2.58B |
| Net Income | -1.84B | -3.17B | -1.42B | -5.62B | 84.59M | 1.32B |
Balance Sheet | ||||||
| Total Assets | 10.94B | 9.18B | 10.48B | 12.33B | 16.89B | 15.44B |
| Cash, Cash Equivalents and Short-Term Investments | 1.07B | 2.00B | 1.01B | 1.39B | 1.70B | 1.82B |
| Total Debt | 7.21B | 6.92B | 7.89B | 8.66B | 7.89B | 7.48B |
| Total Liabilities | 9.69B | 9.84B | 10.46B | 11.58B | 10.90B | 10.34B |
| Stockholders Equity | 1.11B | -790.83M | -121.80M | 630.33M | 5.90B | 5.05B |
Cash Flow | ||||||
| Free Cash Flow | -1.14B | -1.01B | 671.00M | 588.78M | 1.18B | 1.39B |
| Operating Cash Flow | -1.01B | -530.63M | 815.79M | 990.96M | 1.83B | 2.09B |
| Investing Cash Flow | -11.00M | 2.54B | -422.99M | -1.92B | -2.40B | -5.97B |
| Financing Cash Flow | 548.69M | -1.04B | -809.73M | 562.40M | 290.31M | 2.83B |
V-cube Technical Analysis
Negative
131.00
Price Trends
123.84
Negative
126.38
Negative
141.12
Negative
Market Momentum
-16.71
Positive
36.74
Neutral
35.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3681, the sentiment is Negative. The current price of 131 is above the 20-day moving average (MA) of 102.35, above the 50-day MA of 123.84, and below the 200-day MA of 141.12, indicating a bearish trend. The MACD of -16.71 indicates Positive momentum. The RSI at 36.74 is Neutral, neither overbought nor oversold. The STOCH value of 35.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3681.
V-cube Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥6.53B | 21.40 | ― | 0.57% | 21.03% | 32.29% | |
67 Neutral | ¥8.90B | 11.67 | ― | 0.70% | 9.78% | -23.98% | |
66 Neutral | ¥4.84B | 21.99 | ― | ― | 7.60% | 19.13% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ¥6.74B | 27.15 | ― | ― | 11.32% | ― | |
58 Neutral | ¥12.09B | 23.59 | ― | ― | 14.63% | -760.87% | |
41 Neutral | ¥1.79B | -1.07 | -233.58% | ― | -8.32% | 71.98% |
* Technology Sector Average
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V-cube Corporate Events
V-cube Sets Record Date for Shareholder Vote on Rescue Deal and Potential Delisting
Apr 7, 2026
V-cube has set April 23, 2026, as the record date to determine shareholders eligible to vote at an extraordinary general meeting expected by June 2026. The move is tied to a planned restructuring transaction aimed at addressing the company’s...
V-cube Swings to Deeper Loss and Negative Equity as 2025 Earnings Slide
Apr 7, 2026
V-cube posted a 5.8% year-on-year decline in consolidated net sales to ¥9,859 million for the year ended December 31, 2025, with adjusted EBITDA plunging 85.1% to ¥156 million and operating profit deteriorating to a ¥2,059 million l...
V-cube Moves Toward Delisting With Rescue Deal After Second Year of Negative Net Assets
Apr 1, 2026
V-cube has fallen into negative net assets for a second consecutive year, largely due to sluggish performance and heavy impairment losses in its domestic Event DX business and at U.S. subsidiary TEN Holdings, jeopardizing its continued listing on ...
V-cube Warns of Possible Delisting After Delayed Earnings and Continued Excess Liabilities
Mar 31, 2026
V-cube has disclosed its consolidated financial results for the fiscal year ended December 31, 2025, more than 50 days after the year-end, following an extended review of potential impairment losses. The delay stemmed from discussions with its ind...
V-cube Faces TSE Supervision Risk After Delay in Annual Report Filing
Mar 31, 2026
V-cube, Inc. said it will miss the March 31 statutory deadline for filing its annual securities report for the year ended December 31, 2025, after its auditor raised issues in December over potential impairment losses tied to its Event DX business...
V-cube Moves Toward Delisting and Privatization After Negative Net Worth
Mar 31, 2026
V-cube, Inc., a Japanese provider of web conferencing and online collaboration solutions, operates in the broader digital communications and remote-work technology sector. The company focuses on delivering virtual meeting and event platforms to en...
V-cube Books Nearly ¥2 Billion in Impairment Losses, Misses FY2025 Forecasts
Mar 31, 2026
V-cube has disclosed that its results for the year ended December 31, 2025 diverged from prior forecasts due to significant non-operating expenses and extraordinary losses. The company reported foreign exchange losses totaling ¥97,053 thousan...
V-cube Clarifies Leadership Transition and Board Appointment Schedule
Mar 31, 2026
V-cube, Inc. has corrected details of its previously announced leadership changes, clarifying the timing and scope of board resolutions on representative directors and executive appointments. The company now states that changes to representative d...
V-cube Extends Suspension of Loan Repayments Amid Delays in TEN Monetization
Mar 31, 2026
V-cube has secured an extension of the temporary suspension of scheduled repayments on a syndicated loan tied to its acquisition of TEN Events, Inc., moving the deadline from the end of March 2026 to the end of April 2026. The company is in the pr...
V-cube to Book ¥234.9 Million Dividend from Telecube as Non-Operating Income
Mar 31, 2026
V-cube, Inc. has announced it will receive a dividend of 234.855 million yen from its consolidated subsidiary Telecube, Inc., following a resolution dated March 31, 2026, with payment scheduled for early April. The transaction, which triggers an e...
V-cube Posts Deeper 2025 Losses as Capital Erodes and Outlook Stays Unclear
Mar 31, 2026
V-cube reported a deterioration in its 2025 financial performance, with consolidated net sales falling 5.8% to ¥9.86 billion and adjusted EBITDA plunging 85.1%, while operating and ordinary results swung deeper into loss and net loss attribut...
V-cube to Adjourn Shareholders’ Meeting Reporting Amid Audit Delay
Mar 6, 2026
V-cube has decided on a policy to hold an adjourned session of its 26th annual general meeting of shareholders because it cannot yet report its business report and financial statements for the fiscal year ended December 31, 2025. Audit procedures ...
V-cube Reshapes Top Management With New President and Board Changes
Mar 6, 2026
V-cube has announced a leadership reshuffle, with long-serving executive Jun Mizutani set to become representative director and president, CEO, while founder Naoaki Mashita will move to the role of director and chairman. The move, effective after ...
V-cube Re-postpones FY2025 Earnings Release Amid Extended Audit Work
Feb 27, 2026
V-cube has again postponed the announcement of its financial results for the year ended December 31, 2025, after an earlier delay from the original February 13 schedule to late February. The company cites extended audit procedures by its independe...
V-cube Delays FY2025 Earnings Release Amid Extended Audits and Restructuring
Feb 10, 2026
V-cube announced it will postpone the release of its consolidated financial results for the fiscal year ended December 31, 2025, which had been scheduled for February 13, 2026. The delay stems from its independent auditor requiring additional time...
V-cube to Absorb Telecube Business and Dissolve Subsidiary
Jan 27, 2026
V-cube, Inc. has decided to dissolve and liquidate its wholly owned consolidated subsidiary Telecube, Inc., integrating the Telecube private work booth business directly into the parent company as of February 1, 2026, to streamline organizational ...
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.
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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.