Hatena Co., Ltd. (3930) AI Stock Analysis

• Market Cap: ¥3.24B
• Dividend Yield: N/A
• Average Volume (3M): 9.80K
• Price to Earnings (P/E): 11.3
• Beta (1Y): 0.30
• Revenue Growth: 7.20%
• EPS Growth: 47.54%
• Country: JP
• Employees: 207
• Sector: Communication Services
• Sector Strength: 97
• Industry: Internet Content & Information
• EPS (TTM): 20.13
• Shares Outstanding: 3,075,200
• 10 Day Avg. Volume: 13,990
• 30 Day Avg. Volume: 9,800
• PEG Ratio: 0.07
• Price to Book (P/B): 1.51
• Price to Sales (P/S): 1.12
• P/FCF Ratio: 6.16
• 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: 72 Outperform
• Price Target: ¥1,396.00 ▲(42.74% Upside)
• Action: Reiterated Date: 04/15/26
• Date: Action: Reiterated 04/15/26

The score is driven mainly by solid financial stability (low leverage and strong gross margins) and strong technical uptrend signals (price above key moving averages with positive MACD). These positives are partially offset by recent revenue and margin softening plus historically uneven cash-flow consistency, while valuation is reasonable but lacks dividend support.

Positive Factors

Very high gross margins

Sustained gross margins near 85–86% indicate strong unit economics in Hatena's platform and content businesses. High gross margins create a durable profitability buffer versus revenue shocks, enabling scalable operating leverage, reinvestment in product, and margin resilience over the next several quarters.

Negative Factors

Revenue decline and margin compression

Recent top‑line contraction and falling net/EBIT margins indicate pressure on monetization or demand for Hatena's services. Sustained revenue weakness coupled with compressed margins can erode operating flexibility, slow reinvestment, and reduce the runway for margin recovery over multiple quarters.

Hatena Co., Ltd. Business Overview & Revenue Model

Company Description

Hatena Co., Ltd. engages in the internet-related business in Japan. The company offers content platform services, such as Hatena Blog, Hatena Bookmark, Human search Hatena, and Hate Lab; content marketing services, which include Hatena MediaSuite,...

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Hatena Co., Ltd. engages in the internet-related business in Japan. The company offers content platform services, such as Hatena Blog, Hatena Bookmark, Human search Hatena, and Hate Lab; content marketing services, which include Hatena MediaSuite,...

How the Company Makes Money

Hatena generates revenue primarily from (1) paid subscriptions and advertising tied to its consumer web services (e.g., users paying for premium features on blogging/content platforms and ad placements served alongside user-generated content), and...

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Hatena generates revenue primarily from (1) paid subscriptions and advertising tied to its consumer web services (e.g., users paying for premium features on blogging/content platforms and ad placements served alongside user-generated content), and...

Hatena Co., Ltd. Financial Statement Overview

Breakdown	TTM	Jul 2025	Jul 2024	Jul 2023	Jul 2022	Jul 2021
Income Statement
Total Revenue	3.63B	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	315.91M	473.26M	180.87M	269.64M	445.66M	361.94M
Net Income	139.02M	230.88M	62.37M	99.64M	240.22M	172.64M
Balance Sheet
Total Assets	3.54B	3.46B	2.92B	2.89B	2.99B	2.61B
Cash, Cash Equivalents and Short-Term Investments	1.81B	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	644.89M	643.02M	361.59M	403.83M	546.85M	318.21M
Stockholders Equity	2.90B	2.82B	2.56B	2.49B	2.44B	2.29B
Cash Flow
Free Cash Flow	305.93M	688.20M	128.25M	-30.48M	269.96M	284.68M
Operating Cash Flow	319.49M	711.58M	147.01M	2.58M	327.36M	296.44M
Investing Cash Flow	-60.57M	-38.43M	-106.16M	-158.28M	-43.92M	-105.85M
Financing Cash Flow	1.61M	2.01M	1.55M	-97.14M	-52.20M	6.92M

Hatena Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 978.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3930, the sentiment is Positive. The current price of 978 is below the 20-day moving average (MA) of 1056.20, below the 50-day MA of 980.08, and below the 200-day MA of 1087.30, indicating a bullish trend. The MACD of 41.72 indicates Negative momentum. The RSI at 74.86 is Negative, neither overbought nor oversold. The STOCH value of 35.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3930.

Hatena Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3922	75 Outperform	¥29.10B	13.49	―	0.38%	18.02%	46.43%
6180	74 Outperform	¥7.44B	15.62	―	3.29%	7.47%	55.61%
3930	72 Outperform	¥3.24B	11.33	―	―	7.20%	47.54%
5243	69 Neutral	¥56.20B	58.36	―	―	22.37%	655.34%
2193	63 Neutral	¥9.77B	15.07	4.78%	―	-10.17%	-19.44%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
2454	52 Neutral	¥5.01B	-13.71	―	0.77%	4.75%	―