eBASE Co., Ltd. (JP:3835)
:3835
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eBASE Co., Ltd.
(3835)
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Rating:71Outperform
Price Target:
¥434.00
▼(-0.23% Downside)
Action:Reiterated
Date:05/21/26
The score is driven primarily by strong financial quality—high margins, robust cash generation, and a debt-free balance sheet—offset by weaker technical momentum (trading below key moving averages with slightly negative MACD) and a valuation that is supported by a solid yield but constrained by a higher P/E amid recent revenue decline.
Positive Factors
High and durable profitability
Consistently elevated gross (~50%+) and EBIT (high-20s/low-30s) margins indicate structural pricing power and operating efficiency. Such durable profitability funds reinvestment, supports shareholder returns and provides a buffer against cyclical revenue weakness, preserving long-term cash generation.
Negative Factors
Recent revenue decline and choppy growth
A FY2026 revenue decline (-4.0%) after prior expansion signals inconsistent top-line momentum. If this softness persists, it could undermine operating leverage that supports high margins, limit internal funding for product development and slow long-term market-share gains.
Read all positive and negative factors
Positive Factors
Negative Factors
High and durable profitability
Consistently elevated gross (~50%+) and EBIT (high-20s/low-30s) margins indicate structural pricing power and operating efficiency. Such durable profitability funds reinvestment, supports shareholder returns and provides a buffer against cyclical revenue weakness, preserving long-term cash generation.
Read all positive factors
eBASE Co., Ltd. (3835) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥18.10B
Dividend Yield3.14%
Average Volume (3M)138.24K
Price to Earnings (P/E)17.8
Beta (1Y)0.89
Revenue Growth-3.85%
EPS Growth-17.22%
CountryJP
Employees461
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)27.25
Shares Outstanding47,164,800
10 Day Avg. Volume137,920
30 Day Avg. Volume138,240
Financial Highlights & Ratios
PEG Ratio-1.05
Price to Book (P/B)2.47
Price to Sales (P/S)3.47
P/FCF Ratio16.89
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
eBASE Co., Ltd. Business Overview & Revenue Model
Company Description
eBase Co.,Ltd. engages in the planning, development, sale, and maintenance of content management software in Japan. The company offers eBASE, a comprehensive data management software; industry specific software for food, daily necessities, and che...
How the Company Makes Money
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eBASE Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.48B | 5.26B | 5.47B | 5.19B | 4.71B | 4.35B |
| Gross Profit | 2.32B | 2.71B | 2.91B | 2.76B | 2.47B | 2.20B |
| EBITDA | 1.81B | 1.50B | 1.84B | 1.70B | 1.40B | 1.11B |
| Net Income | 1.23B | 1.03B | 1.25B | 1.14B | 890.80M | 744.05M |
Balance Sheet | ||||||
| Total Assets | 7.38B | 8.10B | 8.18B | 7.84B | 7.03B | 6.33B |
| Cash, Cash Equivalents and Short-Term Investments | 4.89B | 5.08B | 5.42B | 5.01B | 4.54B | 4.16B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 554.79M | 730.39M | 824.80M | 897.20M | 734.99M | 479.88M |
| Stockholders Equity | 6.83B | 7.37B | 7.36B | 6.94B | 6.30B | 5.85B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.08B | 1.20B | 1.24B | 928.87M | 679.75M |
| Operating Cash Flow | 0.00 | 1.08B | 1.17B | 1.33B | 1.03B | 763.08M |
| Investing Cash Flow | 0.00 | -528.18M | 87.08M | -306.27M | -134.80M | -53.50M |
| Financing Cash Flow | 0.00 | -1.05B | -837.87M | -565.36M | -415.97M | -259.98M |
eBASE Co., Ltd. Technical Analysis
Negative
435.00
Price Trends
406.54
Negative
415.18
Negative
437.35
Negative
Market Momentum
-2.45
Positive
42.45
Neutral
37.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3835, the sentiment is Negative. The current price of 435 is above the 20-day moving average (MA) of 409.35, above the 50-day MA of 406.54, and below the 200-day MA of 437.35, indicating a bearish trend. The MACD of -2.45 indicates Positive momentum. The RSI at 42.45 is Neutral, neither overbought nor oversold. The STOCH value of 37.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3835.
eBASE Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥21.74B | 13.65 | ― | 2.53% | 13.31% | 28.58% | |
72 Outperform | ¥30.09B | 29.25 | ― | 0.82% | 6.86% | 37.45% | |
71 Outperform | ¥18.10B | 17.76 | ― | 3.14% | -3.85% | -17.22% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | ¥15.56B | 17.34 | ― | ― | 15.58% | ― | |
58 Neutral | ¥11.81B | 14.60 | ― | ― | 12.68% | ― | |
51 Neutral | ¥32.47B | 36.79 | ― | ― | 18.09% | -50.60% |
* Technology Sector Average
JP:3835
eBASE Co., Ltd.
394.00
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eBASE Co., Ltd. Corporate Events
eBASE Marks 25th Anniversary With Commemorative Dividend and Confirms Payout Policy
May 15, 2026
eBASE Co., Ltd., a Tokyo Prime Market-listed software and data solutions provider, will mark its 25th anniversary in October 2026 and underscores its commitment to shareholder returns through a clearly defined dividend policy. The company emphasiz...
eBASE Holds Dividend Forecast Steady Despite Profit Decline
May 15, 2026
eBASE Co., Ltd. announced that it will maintain its previously forecast dividend for the fiscal year ending March 31, 2026, keeping the ordinary dividend at 15.20 yen per share, unchanged from the estimate issued on May 15, 2025. Despite a decline...
eBASE Releases FY2026 Results, Strategy Update, and Share Transfer Deal
May 15, 2026
eBASE Co., Ltd. released its full-year financial results and business report for FY2026, detailing trends in sales and ordinary income since listing, segment performance for its eBASE and eBASE-PLUS businesses, and its capital position including i...
eBASE Earnings Decline but Forecasts Modest Recovery and Maintains High Dividend
May 15, 2026
eBASE Co., Ltd. reported a decline in earnings for the fiscal year ended March 31, 2026, as net sales slipped 3.8% to ¥5,259 million and operating profit fell 17.3% to ¥1,431 million, reducing profit attributable to owners of parent by 1...
eBASE to Acquire Majority Stake in KSP-SP to Build Next-Generation Data Marketing Business
Apr 28, 2026
eBASE Co., Ltd. has agreed to acquire a 74.8% stake in KSP-SP Co., Ltd., a Tokyo-based provider of in-store activation services built around nationwide POS data analysis for manufacturers, wholesalers, and retailers. The company plans to negotiate...
eBASE Nears Share Buyback Limit as Treasury Stock Program Concludes
Apr 3, 2026
eBASE Co., Ltd. has completed a share buyback program authorized by its Board of Directors in October 2025, conducted under the provisions of Japan’s Companies Act. The company repurchased 182,000 shares of common stock on the Tokyo Stock Ex...
eBASE Advances Share Buyback, Reaching Over 80% of Authorized Volume
Mar 4, 2026
eBASE Co., Ltd. reported progress on its ongoing share repurchase program authorized under Japan’s Companies Act. During the period from February 1 to February 28, 2026, the company acquired 271,400 shares of its common stock on the Tokyo St...
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.