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Hatena Co., Ltd.
(3930)
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Rating:43Neutral
Price Target:
¥811.00
▼(-17.08% Downside)
Action:Reiterated
Date:07/31/26
The score is weighed down primarily by weak financial performance in the latest TTM period—sharp revenue decline, a swing to a sizable net loss, and significant negative operating/free cash flow. Technicals add further pressure as the stock trades below all major moving averages, reinforcing a bearish trend. Valuation provides limited offset because the negative P/E reflects losses and dividend yield is not available.
Positive Factors
High gross margins
An ~86% gross margin reflects a scalable software/UGC platform model with low incremental content delivery costs. High gross margins provide durable capacity to invest in product, R&D and marketing and to absorb revenue volatility while preserving the ability to regain operating leverage over time.
Negative Factors
Steep revenue decline
A 32% TTM revenue drop signals a meaningful loss of traction or monetization effectiveness. Such a decline erodes fixed-cost coverage, weakens operating leverage and can be persistent absent clear product or go-to-market fixes, making near-term recovery and margin restoration uncertain over several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
An ~86% gross margin reflects a scalable software/UGC platform model with low incremental content delivery costs. High gross margins provide durable capacity to invest in product, R&D and marketing and to absorb revenue volatility while preserving the ability to regain operating leverage over time.
Read all positive factors
Hatena Co., Ltd. (3930) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.48B
Dividend YieldN/A
Average Volume (3M)9.80K
Price to Earnings (P/E)―
Beta (1Y)0.41
Revenue Growth-5.45%
EPS Growth-347.30%
CountryJP
Employees217
SectorCommunication Services
Sector Strength97
IndustrySoftware - Application
Share Statistics
EPS (TTM)-230.81
Shares Outstanding3,075,200
10 Day Avg. Volume13,990
30 Day Avg. Volume9,800
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)1.51
Price to Sales (P/S)1.12
P/FCF Ratio6.16
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
Hatena Co., Ltd. Business Overview & Revenue Model
Company Description
Hatena Co., Ltd. provides user generated content services in Japan and internationally. The company offers content platform services, including Hatena Blog, a blog service; Hatena Bookmark, a social bookmarking service; Human Search Hatena, a ques...
How the Company Makes Money
Hatena primarily generates revenue through (1) paid subscriptions and premium plans tied to its consumer-facing platforms (e.g., monetization of its blogging and related services through user subscription fees for enhanced features), and (2) busin...
Hatena Co., Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
72
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 | Jul 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.62B | 3.79B | 3.31B | 3.15B | 3.06B | 2.62B |
| Gross Profit | 3.12B | 3.24B | 2.70B | 2.59B | 2.60B | 2.30B |
| EBITDA | 270.39M | 473.26M | 180.87M | 269.64M | 445.66M | 361.94M |
| Net Income | -692.26M | 230.88M | 62.37M | 99.64M | 240.22M | 172.64M |
Balance Sheet | ||||||
| Total Assets | 2.71B | 3.46B | 2.92B | 2.89B | 2.99B | 2.61B |
| Cash, Cash Equivalents and Short-Term Investments | 977.87M | 2.15B | 1.52B | 1.51B | 1.73B | 1.52B |
| Total Debt | 250.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 591.40M | 643.02M | 361.59M | 403.83M | 546.85M | 318.21M |
| Stockholders Equity | 2.12B | 2.82B | 2.56B | 2.49B | 2.44B | 2.29B |
Cash Flow | ||||||
| Free Cash Flow | -1.08B | 688.20M | 128.25M | -30.48M | 269.96M | 284.68M |
| Operating Cash Flow | -1.06B | 711.58M | 147.01M | 2.58M | 327.36M | 296.44M |
| Investing Cash Flow | -51.45M | -38.43M | -106.16M | -158.28M | -43.92M | -105.85M |
| Financing Cash Flow | 1.13M | 2.01M | 1.55M | -97.14M | -52.20M | 6.92M |
Hatena Co., Ltd. Technical Analysis
Negative
978.00
Price Trends
996.92
Negative
1004.86
Negative
967.27
Negative
Market Momentum
-84.14
Positive
21.62
Positive
1.32
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3930, the sentiment is Negative. The current price of 978 is below the 20-day moving average (MA) of 993.55, below the 50-day MA of 996.92, and above the 200-day MA of 967.27, indicating a bearish trend. The MACD of -84.14 indicates Positive momentum. The RSI at 21.62 is Positive, neither overbought nor oversold. The STOCH value of 1.32 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3930.
Hatena Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥6.52B | 12.39 | ― | 6.36% | 2.36% | -15.08% | |
77 Outperform | ¥28.36B | 11.62 | ― | 0.66% | 16.53% | 76.82% | |
67 Neutral | ¥41.24B | 36.89 | ― | ― | 30.21% | 488.52% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | ¥8.83B | 44.69 | 1.68% | ― | -8.38% | -78.30% | |
49 Neutral | ¥4.81B | -10.31 | ― | 0.29% | -3.07% | -1079.88% | |
43 Neutral | ¥2.48B | -3.49 | ― | ― | -5.45% | -347.30% |
* Communication Services Sector Average
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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.