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KAYAC, Inc. (JP:3904)
:3904
Japanese Market
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KAYAC, Inc. (3904) Price & Analysis

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3904 Stock Chart & Stats

¥502.00
¥11.00(2.43%)
At close: 4:00 PM EST
¥502.00
¥11.00(2.43%)

Bulls Say, Bears Say

Bulls Say
Revenue Recovery2025's 12.6% revenue rebound and improved net margin (~3.4%) demonstrate the business can return to growth and re-establish operating momentum. This durable recovery supports reinvestment in products and marketing, strengthens cash generation prospects, and reduces structural downside risk.
Gross Margin StabilityConsistent gross margins near 53–54% point to resilient unit economics and pricing power across gaming, advertising, and web services. Stable gross profitability provides a structural buffer against input cost swings and helps operating leverage translate into sustainable earnings as revenues scale.
Manageable Leverage & Improving ROEManageable leverage alongside rising equity and ROE (~11.8%) indicates improving capital efficiency and balance-sheet resilience. This structural strength preserves financial flexibility to fund organic growth, strategic investment, or shareholder returns without over-reliance on short-term financing.
Bears Say
Cash Conversion VolatilityFree cash flow covering only ~50% of net income and a swing from negative to positive cash flow year-to-year show inconsistent cash conversion. Persistent volatility weakens self-funding capacity for capex, dividends, or M&A and increases reliance on external financing during downturns.
Margins Below Historical PeaksOperating and net margins that lag 2020–2022 peaks suggest structural margin pressure from higher costs, product-mix shifts, or competition. If margins fail to normalize, sustained revenue growth will yield weaker free cash flow and limit reinvestment and shareholder-return capacity.
Balance Sheet Less Conservative Than 2023An increased debt load versus 2023 reduces the company's downside cushion and raises interest and refinancing exposure. While leverage is still manageable, moving away from a more conservative structure amplifies risk given earnings and cash-flow volatility.

3904 FAQ

What was KAYAC, Inc.’s price range in the past 12 months?
KAYAC, Inc. lowest stock price was ¥374.00 and its highest was ¥606.00 in the past 12 months.
    What is KAYAC, Inc.’s market cap?
    KAYAC, Inc.’s market cap is ¥6.12B.
      When is KAYAC, Inc.’s upcoming earnings report date?
      KAYAC, Inc.’s upcoming earnings report date is Aug 17, 2026 which is in 65 days.
        How were KAYAC, Inc.’s earnings last quarter?
        KAYAC, Inc. released its earnings results on May 14, 2026. The company reported ¥12.02 earnings per share for the quarter, beating the consensus estimate of N/A by ¥12.02.
          Is KAYAC, Inc. overvalued?
          According to Wall Street analysts KAYAC, Inc.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium
            Does KAYAC, Inc. pay dividends?
            KAYAC, Inc. pays a Annually dividend of ¥3.869 which represents an annual dividend yield of 0.75%. See more information on KAYAC, Inc. dividends here
              What is KAYAC, Inc.’s EPS estimate?
              KAYAC, Inc.’s EPS estimate for its next earnings report is not yet available.
              How many shares outstanding does KAYAC, Inc. have?
              KAYAC, Inc. has 16,108,800 shares outstanding.
                What happened to KAYAC, Inc.’s price movement after its last earnings report?
                KAYAC, Inc. reported an EPS of ¥12.02 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 2.975%.
                  Which hedge fund is a major shareholder of KAYAC, Inc.?
                  Currently, no hedge funds are holding shares in JP:3904
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    KAYAC, Inc.

                    KAYAC Inc. is a Japanese company primarily focused on the gaming industry. It manages various platforms, including Lobi, a community for gamers, and Tonamel, a system that assists organizers with managing tournaments. The company also supports esports through its Well Played brand, providing services such as event planning, management, distribution, and production. In addition to its gaming ventures, KAYAC offers Pla-cole, a matching service connecting couples with wedding planners, alongside other diverse services encompassing home funerals, real estate, and trading. The company was founded in 1998 and is headquartered in Kamakura, Japan.

                    KAYAC, Inc. (3904) Earnings & Revenues

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