RAKUS Co., Ltd. (JP:3923)
:3923
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RAKUS Co., Ltd.
(3923)
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Rating:72Outperform
Price Target:
¥1,043.00
▲(16.51% Upside)
Action:Reiterated
Date:05/15/26
The score is primarily driven by strong financial performance—rapid revenue growth, improved profitability, strong recent cash generation, and an essentially debt-free balance sheet. Offsetting this, technicals are mixed with the stock still below key longer-term averages, and valuation appears relatively high with a modest dividend yield.
Positive Factors
Sustained revenue growth
Multi-year revenue compounding from ¥15.4B to ¥60.3B shows durable demand for RAKUS’s cloud apps and scalable customer adoption. This growth supports recurring subscription economics, enables reinvestment in product and sales, and underpins medium-term margin expansion and market share gains.
Negative Factors
Earnings volatility history
Past swings in profitability indicate margins are sensitive to investment cycles, pricing mix or cost structure. If management accelerates growth investments or faces competitive pressure, margins could compress again, making near-term profitability less predictable over a multi-month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained revenue growth
Multi-year revenue compounding from ¥15.4B to ¥60.3B shows durable demand for RAKUS’s cloud apps and scalable customer adoption. This growth supports recurring subscription economics, enables reinvestment in product and sales, and underpins medium-term margin expansion and market share gains.
Read all positive factors
RAKUS Co., Ltd. (3923) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥333.13B
Dividend Yield0.22%
Average Volume (3M)1.27M
Price to Earnings (P/E)20.1
Beta (1Y)1.02
Revenue Growth23.27%
EPS Growth67.12%
CountryJP
Employees2,561
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)26.16
Shares Outstanding354,391,000
10 Day Avg. Volume1,109,750
30 Day Avg. Volume1,271,623
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)10.28
Price to Sales (P/S)4.44
P/FCF Ratio21.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥830.00Price Target Upside-7.28% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)67.02
Revenue Forecast (FY)¥62.86B
RAKUS Co., Ltd. Business Overview & Revenue Model
Company Description
Rakus Co., Ltd. provides cloud and IT outsourcing services. It offers cloud products, such as Raku Raku Seisan, Raku Raku Meisai, Mail Dealer, Raku Raku Hambai, Hai Hai Mail, and Blastmail, as well as dispatches IT engineers. The company was incor...
How the Company Makes Money
RAKUS primarily makes money by selling subscriptions to its cloud (SaaS) products. Revenue is generated on a recurring basis (e.g., monthly or annual fees) tied to customers’ ongoing use of its applications, often priced by factors such as number ...
RAKUS Co., Ltd. Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
91
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.77B | 60.29B | 48.90B | 38.41B | 27.40B | 20.63B |
| Gross Profit | 38.60B | 45.42B | 36.31B | 27.62B | 18.78B | 14.03B |
| EBITDA | 12.70B | 18.61B | 11.32B | 6.44B | 2.23B | 2.14B |
| Net Income | 9.47B | 13.29B | 8.00B | 4.18B | 1.27B | 1.08B |
Balance Sheet | ||||||
| Total Assets | 28.42B | 36.58B | 31.65B | 21.23B | 14.07B | 11.70B |
| Cash, Cash Equivalents and Short-Term Investments | 10.26B | 13.89B | 11.37B | 7.01B | 5.99B | 4.86B |
| Total Debt | 0.00 | 0.00 | 216.00M | 970.00M | 36.00M | 40.00M |
| Total Liabilities | 6.77B | 10.55B | 9.68B | 7.88B | 4.52B | 3.08B |
| Stockholders Equity | 21.64B | 26.03B | 21.98B | 13.35B | 9.55B | 8.62B |
Cash Flow | ||||||
| Free Cash Flow | 1.35B | 12.35B | 7.74B | 4.47B | 1.54B | -424.00M |
| Operating Cash Flow | 1.69B | 13.39B | 9.01B | 5.29B | 2.17B | -11.00M |
| Investing Cash Flow | -674.00M | -2.83B | -3.46B | -4.86B | -699.00M | -877.00M |
| Financing Cash Flow | -401.50M | -8.05B | -1.18B | 579.00M | -348.00M | -295.00M |
RAKUS Co., Ltd. Technical Analysis
Positive
895.20
Price Trends
821.10
Positive
862.70
Positive
1045.59
Negative
Market Momentum
23.63
Negative
63.46
Neutral
89.72
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3923, the sentiment is Positive. The current price of 895.2 is above the 20-day moving average (MA) of 875.02, above the 50-day MA of 821.10, and below the 200-day MA of 1045.59, indicating a neutral trend. The MACD of 23.63 indicates Negative momentum. The RSI at 63.46 is Neutral, neither overbought nor oversold. The STOCH value of 89.72 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3923.
RAKUS Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥29.78B | 10.77 | ― | 4.36% | 7.11% | 20.03% | |
74 Outperform | ¥84.08B | 13.83 | ― | 2.32% | 8.80% | 16.40% | |
73 Outperform | ¥169.26B | 22.67 | ― | 2.55% | 17.67% | 24.39% | |
72 Outperform | ¥333.13B | 20.13 | ― | 0.22% | 23.27% | 67.12% | |
68 Neutral | ¥163.24B | 13.13 | 18.89% | 2.78% | 7.39% | 14.95% | |
65 Neutral | ¥30.39B | 20.84 | 10.34% | 4.82% | -2.76% | 36.33% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
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RAKUS Co., Ltd. Corporate Events
RAKUS Posts April Sales Growth and Exits IT Outsourcing to Sharpen Cloud Focus
May 14, 2026
RAKUS Co., Ltd. reported consolidated monthly sales of 4,707 million yen for April 2026, representing a modest 0.8% year-on-year increase as overall growth slowed. Cloud business sales rose to 4,707 million yen, up 17.8% year on year, with monthly...
RAKUS Releases FY2026 Earnings and New Mid-Term Management Plan
May 14, 2026
RAKUS Co., Ltd. announced its earnings results for the fiscal year ended March 2026, outlining consolidated financial performance and segment results for its cloud and IT outsourcing businesses. The company also presented key business topics, a ne...
RAKUS Delivers Strong Profit Growth and Hikes Dividend as Cloud Business Takes Lead
May 14, 2026
RAKUS Co., Ltd. reported strong results for the fiscal year ended March 31, 2026, with net sales climbing 23.3% year on year to ¥60.3 billion and operating profit surging 70.2% to ¥17.3 billion. Profit attributable to owners of parent ju...
RAKUS Raises FY2026 Earnings and Dividend Guidance on Strong Cloud and IT Demand
Apr 27, 2026
RAKUS Co., Ltd. revised its full-year FY2026.3 guidance upward, now projecting sales of ¥60.29 billion and operating profit of ¥17.35 billion, with profit attributable to owners of parent rising to ¥13.29 billion and earnings per sh...
RAKUS Boosts Cloud Sales and Recurring Revenue as It Prepares to Exit IT Outsourcing Unit
Apr 14, 2026
RAKUS Co., Ltd. reported consolidated monthly sales of 5,470 million yen for March 2026, up 19.8% year on year, driven mainly by its cloud business, which generated 4,675 million yen in sales and continued to expand monthly recurring revenue. Flag...
RAKUS Says Middle East Unrest Has No Direct Impact but Flags Indirect Risks
Apr 10, 2026
RAKUS Co., Ltd. reported that the current situation in the Middle East is having no direct impact on its business, as the group has no bases, major suppliers, or customers in the region and its overseas development sites in Vietnam and Indonesia a...
RAKUS Completes RAKUS Partners Share Transfer, to Book ¥16.5 Billion Extraordinary Profit
Apr 1, 2026
RAKUS Co., Ltd. has completed the transfer of all shares in its consolidated subsidiary, RAKUS Partners Co., Ltd., to BREXA Technology Co., Ltd., resulting in RAKUS Partners being removed from the company’s scope of consolidation from the fi...
RAKUS Posts Double-Digit February Sales Growth on Expanding Cloud and Recurring Revenue
Mar 13, 2026
RAKUS Co., Ltd. reported consolidated monthly sales of 5,271 million yen for February 2026, up 18.9% year on year, indicating continued strong growth across its operations. Cloud business sales rose to 4,580 million yen, an 18.6% increase, with mo...
RAKUS Completes ¥5 Billion Share Buyback and Sets Cancellation to Cut Float
Mar 2, 2026
RAKUS Co., Ltd. has completed a share buyback program authorized by its board on February 13, 2026, acquiring 6,275,600 common shares through market purchases on the Tokyo Stock Exchange between February 16 and 27 for approximately 5.0 billion yen...
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.