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NEOJAPAN Inc.
(3921)
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Rating:79Outperform
Price Target:
¥1,795.00
▼(-1.10% Downside)
Action:Reiterated
Date:08/06/26
The score is driven primarily by strong financial quality (high margins, improving ROE, and a near net-cash balance sheet) and supportive valuation (P/E ~12.4 with ~3.54% dividend yield). These positives are tempered by a mixed technical picture, including trading below the 200-day average and weak momentum signals.
Positive Factors
High and improving margins
NEOJAPAN's very high gross and operating margins reflect a capital-light, scalable software model with pricing power and low variable costs. Sustained margins support durable free cash flow, fund dividends/reinvestment, and make earnings less dependent on rapid top-line growth.
Negative Factors
Uneven revenue growth
Top-line growth has been inconsistent, with a weak 2025 that highlights demand variability. Sustained earnings expansion therefore depends more on margin leverage than on reliable revenue acceleration, raising sensitivity to customer churn and market saturation.
Read all positive and negative factors
Positive Factors
Negative Factors
High and improving margins
NEOJAPAN's very high gross and operating margins reflect a capital-light, scalable software model with pricing power and low variable costs. Sustained margins support durable free cash flow, fund dividends/reinvestment, and make earnings less dependent on rapid top-line growth.
Read all positive factors
NEOJAPAN Inc. (3921) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥22.47B
Dividend Yield3.63%
Average Volume (3M)46.28K
Price to Earnings (P/E)12.1
Beta (1Y)0.73
Revenue Growth9.76%
EPS Growth19.47%
CountryJP
Employees322
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)131.97
Shares Outstanding14,087,600
10 Day Avg. Volume30,840
30 Day Avg. Volume46,283
Financial Highlights & Ratios
PEG Ratio0.48
Price to Book (P/B)3.34
Price to Sales (P/S)3.03
P/FCF Ratio11.66
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
NEOJAPAN Inc. Business Overview & Revenue Model
Company Description
NEOJAPAN Inc. is a software developer and vendor offering ready-to-use solutions to a diverse clientele, including small to large enterprises, educational and medical institutions, and government bodies, both within Japan and internationally. Its ...
How the Company Makes Money
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NEOJAPAN Inc. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
94
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.31B | 8.23B | 7.26B | 6.62B | 6.01B | 5.92B |
| Gross Profit | 4.87B | 4.74B | 4.03B | 3.64B | 3.23B | 3.03B |
| EBITDA | 2.91B | 2.95B | 2.26B | 1.64B | 1.61B | 1.51B |
| Net Income | 1.85B | 1.81B | 1.41B | 956.35M | 812.64M | 866.33M |
Balance Sheet | ||||||
| Total Assets | 10.37B | 10.69B | 9.28B | 8.65B | 8.03B | 7.32B |
| Cash, Cash Equivalents and Short-Term Investments | 6.43B | 6.61B | 5.55B | 5.40B | 5.22B | 4.33B |
| Total Debt | 3.09M | 3.25M | 2.72M | 290.00K | 311.00K | 364.00K |
| Total Liabilities | 2.79B | 3.21B | 2.97B | 2.31B | 2.30B | 2.15B |
| Stockholders Equity | 7.57B | 7.47B | 6.31B | 6.33B | 5.72B | 5.15B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.14B | 2.05B | 753.01M | 956.90M | 815.44M |
| Operating Cash Flow | 0.00 | 2.27B | 2.06B | 1.03B | 1.19B | 1.11B |
| Investing Cash Flow | 0.00 | -552.61M | -452.86M | -359.00M | -174.40M | -326.33M |
| Financing Cash Flow | 0.00 | -658.84M | -1.49B | -389.51M | -207.26M | -255.83M |
NEOJAPAN Inc. Technical Analysis
Positive
1815.00
Price Trends
1558.61
Positive
1558.84
Positive
1649.05
Negative
Market Momentum
5.43
Positive
52.62
Neutral
33.11
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3921, the sentiment is Positive. The current price of 1815 is above the 20-day moving average (MA) of 1609.40, above the 50-day MA of 1558.61, and above the 200-day MA of 1649.05, indicating a neutral trend. The MACD of 5.43 indicates Positive momentum. The RSI at 52.62 is Neutral, neither overbought nor oversold. The STOCH value of 33.11 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3921.
NEOJAPAN Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ¥22.47B | 12.12 | ― | 2.53% | 9.76% | 19.47% | |
77 Outperform | ¥34.20B | 15.57 | ― | 1.64% | 34.68% | 552.65% | |
63 Neutral | ¥13.90B | 32.60 | ― | ― | 14.06% | ― | |
60 Neutral | ¥19.70B | 8.46 | ― | 0.82% | 7.11% | 146.94% | |
59 Neutral | ¥18.12B | 23.82 | ― | ― | 22.31% | 691.30% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | ¥38.25B | 40.80 | ― | ― | 28.94% | -29.21% |
* General Sector Average
JP:3921
NEOJAPAN Inc.
1,600.00
-180.32
-10.13%
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NEOJAPAN Inc. Corporate Events
NEOJAPAN Highlights Q1 FY01/27 Structure and Segment Realignment
Jun 11, 2026
NEOJAPAN Inc. reported its Q1 FY01/27 results, highlighting a business structure centered on software development, system integration, and cloud-based packaged software services. The group also operates overseas units in Malaysia, Thailand, the Ph...
NEOJAPAN Posts Higher Q1 Profit and Confirms Full-Year Outlook
Jun 11, 2026
NEOJAPAN Inc. reported consolidated results for the three months ended April 30, 2026, with net sales rising 4.1% year on year to ¥2,077 million and profit attributable to owners of parent increasing 9.0% to ¥487 million. Operating profi...
NEOJAPAN reclassifies largest shareholder Prosidus as affiliated company after board appointment
May 8, 2026
NEOJAPAN Inc. has reclassified Prosidus Inc., its largest shareholder with a 37.11% direct ownership and a total aggregated voting rights ratio of 45.98%, as an “other affiliated company” effective April 28, 2026. The asset management ...
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.