Fixstars (3687) AI Stock Analysis

• Market Cap: ¥50.46B
• Dividend Yield: 1.14%
• Average Volume (3M): 699.04K
• Price to Earnings (P/E): 25.9
• Beta (1Y): 1.28
• Revenue Growth: 20.29%
• EPS Growth: 30.05%
• Country: JP
• Employees: 320
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 13.93
• Shares Outstanding: 33,635,000
• 10 Day Avg. Volume: 558,850
• 30 Day Avg. Volume: 699,036
• PEG Ratio: 1.01
• Price to Book (P/B): 7.17
• Price to Sales (P/S): 6.15
• P/FCF Ratio: 31.64
• 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: 63 Neutral
• Price Target: ¥1,652.00 ▲(6.58% Upside)
• Action: Downgraded Date: 12/18/25
• Date: Action: Downgraded 12/18/25

Fixstars' strong financial performance is the most significant factor, contributing positively to the overall score. However, bearish technical indicators and a moderate valuation weigh down the score. The absence of earnings call data and corporate events means these factors do not influence the evaluation.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, supporting long-term expansion and competitiveness.

Cash Flow Management

Strong cash flow management enhances financial flexibility, enabling strategic investments and resilience against economic fluctuations.

Debt Reduction

Reducing debt improves financial stability and reduces interest expenses, allowing more resources for growth initiatives.

Negative Factors

Decelerating Growth Rate

A decelerating growth rate may indicate market saturation or increased competition, potentially impacting future revenue expansion.

Asset Utilization

Inefficient asset utilization can limit profitability and return on investment, affecting long-term financial performance.

Technical Indicators

Bearish technical indicators may reflect underlying market concerns, potentially impacting investor confidence and stock performance.

Fixstars Business Overview & Revenue Model

Company Description

Fixstars Corporation (3687) is a technology company based in Japan that specializes in high-performance computing solutions and storage systems. The company operates primarily in the IT and software sectors, focusing on providing innovative products and services that enhance data processing capabilities, particularly in fields such as big data analytics, artificial intelligence, and enterprise storage solutions. Fixstars is known for its expertise in developing software solutions that optimize the performance of hardware systems, thereby enabling clients to achieve greater efficiency in their computing operations.

How the Company Makes Money

Fixstars generates revenue through several key streams, including the sale of high-performance computing hardware, software licensing for its optimization solutions, and consulting services that help clients implement and maximize the use of its technologies. The company also benefits from partnerships with other technology firms, which can enhance its product offerings and expand its market reach. Additionally, Fixstars may engage in long-term contracts with enterprise clients, providing ongoing support and updates that create a steady income stream. These diverse revenue channels contribute to the company's financial stability and growth.

Fixstars Financial Statement Overview

Summary

Fixstars presents a strong financial profile with consistent revenue growth, robust profitability, and effective cash flow management. The company's reduction in debt and strong equity position enhance its financial stability. While the growth rate has slightly slowed, the company's financial health remains solid.

Income Statement

Fixstars has demonstrated consistent revenue growth over the years, with a 4% increase in the latest period. The company maintains strong profitability, evidenced by high gross and net profit margins. EBIT and EBITDA margins are robust, indicating efficient operations. However, the growth rate has slightly decelerated compared to previous years, which could be a point of concern if the trend continues.

Balance Sheet

The balance sheet shows a healthy equity position with a low debt-to-equity ratio, indicating financial stability. The company has significantly reduced its debt over the years, enhancing its equity ratio. Return on equity remains strong, reflecting effective use of shareholders' funds. However, the equity ratio suggests room for improvement in asset utilization.

Cash Flow

Fixstars exhibits strong cash flow management, with substantial growth in free cash flow. The operating cash flow to net income ratio indicates efficient cash generation relative to earnings. The free cash flow to net income ratio is healthy, suggesting good cash conversion. The significant increase in free cash flow growth is a positive indicator of future financial flexibility.

Breakdown	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	9.62B	8.00B	7.04B	6.31B	5.50B
Gross Profit	5.01B	4.18B	3.57B	3.03B	2.28B
EBITDA	2.75B	2.45B	2.23B	1.83B	1.04B
Net Income	1.95B	1.49B	1.45B	1.08B	543.17M
Balance Sheet
Total Assets	9.89B	8.73B	8.18B	8.16B	7.40B
Cash, Cash Equivalents and Short-Term Investments	5.23B	5.14B	4.63B	5.06B	4.68B
Total Debt	47.18M	547.15M	1.30B	2.10B	2.94B
Total Liabilities	1.37B	1.79B	2.36B	3.58B	3.75B
Stockholders Equity	8.25B	6.73B	5.64B	4.41B	3.53B
Cash Flow
Free Cash Flow	1.87B	1.49B	681.90M	1.45B	431.04M
Operating Cash Flow	1.98B	1.66B	719.45M	1.49B	864.57M
Investing Cash Flow	-541.47M	-167.22M	-27.99M	-76.20M	-487.55M
Financing Cash Flow	-1.13B	-1.24B	-1.12B	-1.17B	-1.31B

Fixstars Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1550.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3687, the sentiment is Positive. The current price of 1550 is above the 20-day moving average (MA) of 1475.40, above the 50-day MA of 1535.32, and below the 200-day MA of 1814.04, indicating a neutral trend. The MACD of -17.15 indicates Negative momentum. The RSI at 57.36 is Neutral, neither overbought nor oversold. The STOCH value of 63.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3687.

Fixstars Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
5586	65 Neutral	¥13.33B	87.84	―	―	25.41%	9.69%
3687	63 Neutral	¥50.46B	25.86	25.26%	1.14%	20.29%	30.05%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
4259	61 Neutral	¥63.30B	-43.44	―	―	8.98%	-581.59%
3905	57 Neutral	¥56.30B	-35.71	―	―	27.58%	-1.50%
5572	56 Neutral	¥10.23B	73.76	―	―	60.41%	-27.67%
4425	44 Neutral	¥25.14B	-49.19	―	―	36.08%	-7.71%

Fixstars Corporate Events

Fixstars Corporation Announces Treasury Share Disposal for Director Remuneration

Fixstars Corporation has announced a resolution to dispose of treasury shares as part of a restricted share-based remuneration plan for its directors. This move is aimed at incentivizing directors to enhance the company’s long-term value and align their interests with shareholders. The plan involves the disposal of 50,400 common shares at a price of 1,533 yen per share, totaling 77,263,200 yen. The initiative reflects the company’s strategy to maintain competitive remuneration levels and adapt to changes in its management environment, ultimately supporting its growth and stakeholder value.

The most recent analyst rating on (JP:3687) stock is a Buy with a Yen2292.00 price target. To see the full list of analyst forecasts on Fixstars stock, see the JP:3687 Stock Forecast page.

Fixstars Corporation Introduces New Dividend Policy with DOE Metric

Fixstars Corporation has announced a change in its dividend policy, introducing the Dividend on Equity (DOE) ratio to enhance dividend levels and ensure stable shareholder returns. This new policy, effective from the fiscal year ending September 2026, aims to balance shareholder expectations with the need for internal reserves, setting a target DOE of 7% or higher alongside a consolidated dividend payout ratio of 30%.

The most recent analyst rating on (JP:3687) stock is a Buy with a Yen2292.00 price target. To see the full list of analyst forecasts on Fixstars stock, see the JP:3687 Stock Forecast page.

Fixstars Corporation Reports Strong Financial Growth Amid Future Challenges

Fixstars Corporation reported a significant increase in its financial performance for the fiscal year ended September 30, 2025, with net sales rising by 20.3% and profit attributable to owners of the parent increasing by 30.2% compared to the previous year. Despite the positive results, the company forecasts a modest growth in net sales and a decrease in profit for the fiscal year ending September 30, 2026, indicating potential challenges ahead.

The most recent analyst rating on (JP:3687) stock is a Buy with a Yen2292.00 price target. To see the full list of analyst forecasts on Fixstars stock, see the JP:3687 Stock Forecast page.