GreenBee. Inc. (3913) AI Stock Analysis

• Market Cap: ¥2.41B
• Dividend Yield: N/A
• Average Volume (3M): 66.68K
• Price to Earnings (P/E): 12.5
• Beta (1Y): 0.68
• Revenue Growth: 14.42%
• EPS Growth: 3652.58%
• Country: JP
• Employees: 43
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): N/A
• Shares Outstanding: 2,348,521
• 10 Day Avg. Volume: 115,440
• 30 Day Avg. Volume: 66,680
• PEG Ratio: 0.07
• Price to Book (P/B): 2.17
• Price to Sales (P/S): 3.13
• P/FCF Ratio: 11.59
• 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: ¥1,127.00 ▼(-12.91% Downside)
• Action: Downgraded Date: 02/18/26
• Date: Action: Downgraded 02/18/26

The score is driven primarily by improved financial performance and a strong, conservatively financed balance sheet, partly offset by historical earnings/cash-flow volatility. Technicals are the biggest drag, with the stock in a clear downtrend and weak momentum (oversold conditions). Valuation is supportive with a modest P/E, but not enough to outweigh the current technical weakness.

Positive Factors

Conservative balance sheet

A history of minimal leverage and strong equity gives the company durable financial flexibility to fund operations, withstand downturns, and pursue selective investment or M&A. Even with modest 2025 debt, the capital structure supports long-term resilience and lower refinancing risk.

Improving cash generation

A clear multi-year improvement in operating and free cash flow strengthens the firm's ability to self-fund growth, pay obligations, and invest in product development. Sustained cash generation reduces dependence on external capital and supports strategic optionality over the medium term.

Recovered profitability and margins

A material turnaround to solid profits and recovering margins points to improved cost control and operating leverage. If sustained, higher margins create durable earnings power, enabling reinvestment and building buffer against cyclical swings in revenue.

Negative Factors

Revenue and cash-flow volatility

Repeated swings in revenue and cash flow across recent years undermine predictability of earnings and cash conversion. This variability raises execution risk for strategy and budgeting, making future profitability and FCF less certain through business cycles.

Returns instability

Rapid swings in returns suggest operating performance is sensitive to short-term factors and may not be consistently repeatable. Investors face risk that ROIC/ROE could revert, limiting the firm's ability to generate sustained excess returns and finance growth internally.

Small scale and limited headcount

A very small workforce constrains R&D, sales coverage and scaling capacity relative to larger competitors. Limited bench strength increases operational risk, dependence on key personnel, and may slow time-to-market for new features or expansion into new geographies.

GreenBee. Inc. Business Overview & Revenue Model

Company Description

GreenBee, Inc. provides software development and services in Japan. The company offers sMedio Face Detector, a face recognition solution; sMedio Emotion Recognition, a facial expression recognition solution; sMedio Gender Recognition and sMedio Age Recognition solutions, which estimates gender and age from a detected face; sMedio Motion Recognition that detects moving people in a video, and recognizes their motions as standing, sitting, walking, running, and falling; and sMedio Object Tracker, objects detection and tracking solution in a video. It also provides tunneling facial image AI analysis system, concrete AI analysis, and motion recognition AI analysis service; Tourbillon, a sophisticated HTML5 browser for digital devices; Valution BD, a blu-ray disc playback software for embedded; JS Backup, a backup tool; and RiskFinder, a web service for vulnerability assessment on Android applications. In addition, the company offers sMedio DTCP MOVE, an app for NAS system; sMedio True VR, a multimedia solution for virtual reality; sMedio True VR Sound, an engine to enable monaural sound to be 3D spatialize sound; sMedio pConnect for connecting the iOS/Android smartphone to PC; and sMedio TV Suite for Android and Windows. Further, it provides IoT solutions comprising temperature management solution for distribution and retail industry, and medical products for cold chain; indoor CO2 concentration monitoring solution; and smart meter reading solution for the energy industry. The company was formerly known as sMedio, Inc. and changed its name to GreenBee, Inc. in April 2024. GreenBee, Inc. was incorporated in 2007 and is headquartered in Tokyo, Japan.

How the Company Makes Money

GreenBee, Inc. generates revenue through the sale of its eco-friendly products and solutions. The company's primary revenue streams include direct sales to consumers and businesses, as well as partnerships with governmental and non-governmental organizations that promote sustainable development initiatives. GreenBee also engages in strategic collaborations with other companies in the renewable energy space to expand its market reach and product offerings. Additionally, the company may benefit from government incentives and subsidies aimed at promoting green technology adoption, which can enhance its financial performance.

GreenBee. Inc. Financial Statement Overview

Summary

Results show a clear turnaround with materially improved profitability in 2024 and a sharp step-up in 2025, supported by recovered margins. The balance sheet remains a strength with historically minimal leverage and only modest debt appearing in 2025. The main offset is volatility in revenue and cash flow across prior years, which makes durability of the recent improvement the key risk.

Income Statement

Profitability has improved materially: the company moved from deep losses in 2022–2023 to solid profitability in 2024 and a sharp step-up in 2025 (annual revenue up ~16% with much higher earnings). Margins also recovered meaningfully after the 2022–2023 downturn, indicating better cost control and operating leverage. The main weakness is volatility—revenue growth was negative in 2021 and slightly negative again in 2023–2024 before re-accelerating in 2025, suggesting the earnings profile may be less consistent across cycles.

Balance Sheet

The balance sheet looks conservatively financed with minimal leverage historically (no debt reported in 2020–2024) and strong equity relative to assets. In 2025, debt appears but remains modest versus equity, leaving financial flexibility intact. The key watch item is that returns swung from negative in 2022–2023 to positive in 2024, highlighting that balance-sheet strength is strong, but business performance can still vary significantly year to year.

Cash Flow

Cash generation improved significantly in the most recent two years, with positive operating cash flow and free cash flow in 2024 and an even stronger level in 2025. However, cash flow has been uneven historically (notably negative operating/free cash flow in 2021 and 2023), which raises questions about consistency of cash conversion through the cycle. Overall, the latest trend is constructive, but the track record shows meaningful fluctuations.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	828.67M	961.94M	806.49M	813.67M	827.24M	722.47M
Gross Profit	479.69M	613.11M	440.86M	362.86M	223.77M	405.15M
EBITDA	111.55M	170.51M	57.83M	-33.52M	-186.00M	38.73M
Net Income	106.03M	203.90M	63.83M	-163.68M	-185.05M	1.12M
Balance Sheet
Total Assets	1.37B	1.68B	1.30B	1.19B	1.39B	1.25B
Cash, Cash Equivalents and Short-Term Investments	1.07B	1.28B	932.35M	781.35M	889.36M	570.88M
Total Debt	0.00	100.00M	0.00	0.00	0.00	0.00
Total Liabilities	112.31M	286.43M	113.78M	125.52M	173.29M	116.42M
Stockholders Equity	1.26B	1.39B	1.19B	1.06B	1.22B	1.13B
Cash Flow
Free Cash Flow	0.00	260.13M	115.75M	-114.22M	117.89M	-250.00M
Operating Cash Flow	0.00	262.06M	121.00M	-108.89M	123.66M	-248.48M
Investing Cash Flow	0.00	-5.51M	-22.22M	-5.32M	-5.80M	-1.32M
Financing Cash Flow	0.00	83.86M	43.65M	0.00	193.97M	2.98M

GreenBee. Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1294.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3913, the sentiment is Negative. The current price of 1294 is below the 20-day moving average (MA) of 1304.50, below the 50-day MA of 1344.00, and above the 200-day MA of 1135.22, indicating a bearish trend. The MACD of -82.21 indicates Positive momentum. The RSI at 27.77 is Positive, neither overbought nor oversold. The STOCH value of 9.24 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3913.

GreenBee. Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3921	74 Outperform	¥23.63B	13.25	―	2.53%	16.13%	62.27%
3917	66 Neutral	¥4.81B	7.66	―	―	7.40%	―
3913	63 Neutral	¥2.41B	12.45	―	―	14.42%	3652.58%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
3976	54 Neutral	¥2.33B	-11.17	―	―	-14.55%	-8.13%
3909	51 Neutral	¥2.77B	2.88	―	―	-32.56%	―
3910	44 Neutral	¥1.61B	13.46	―	1.35%	9.45%	―

GreenBee. Inc. Corporate Events

GreenBee Posts Surging Profits and Strong Cash Position for FY2025

GreenBee, Inc. reported strong consolidated results for the fiscal year ended December 2025, with net sales rising 19.3% year-on-year to ¥961 million and operating profit more than tripling to ¥165 million. Profit attributable to owners of the parent surged 219.4% to ¥203 million, lifting basic earnings per share to ¥87.49.

The company’s profitability ratios improved markedly, as operating margin expanded to 17.2% and return on equity climbed to 15.8%, while ordinary profit to total assets more than doubled to 11.3%. Financial position remained solid, with total assets increasing to ¥1,676 million and cash and cash equivalents rising to ¥1,276 million, underpinned by higher operating cash flow and modest investing and financing outflows, reinforcing GreenBee’s balance sheet and liquidity profile.

The most recent analyst rating on (JP:3913) stock is a Buy with a Yen1612.00 price target. To see the full list of analyst forecasts on GreenBee. Inc. stock, see the JP:3913 Stock Forecast page.