VALUE GOLF Inc. (3931) AI Stock Analysis

• Market Cap: ¥3.26B
• Dividend Yield: 3.49%
• Average Volume (3M): 1.60K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.47
• Revenue Growth: 10.69%
• EPS Growth: -101.97%
• Country: JP
• Employees: 79
• Sector: Communication Services
• Sector Strength: 97
• Industry: Publishing
• EPS (TTM): N/A
• Shares Outstanding: 1,807,000
• 10 Day Avg. Volume: 1,530
• 30 Day Avg. Volume: 1,596
• PEG Ratio: 0.32
• Price to Book (P/B): 2.65
• Price to Sales (P/S): 0.64
• P/FCF Ratio: -5.81
• 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: 49 Neutral
• Price Target: ¥1,680.00 ▲(9.88% Upside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is primarily constrained by weak financial performance: negative operating/free cash flow, a return to net losses, and increased leverage outweigh the strong 2026 revenue rebound. Technicals are supportive with an established uptrend, but overbought signals increase near-term risk. Valuation is mixed due to the negative P/E, with only modest support from the dividend yield.

Positive Factors

Revenue Rebound

A ~61% YoY revenue rebound in 2026 signals meaningful top-line recovery after prior declines. Sustained revenue growth can restore operating leverage and provide a platform for margin recovery, improved cash generation and reinvestment over the next several quarters.

Negative Factors

Negative Cash Generation

Sustained negative operating and free cash flow over multiple years means the business is not self-funding. This raises reliance on external financing, constrains capital allocation, and elevates execution risk if revenue improvements fail to convert into cash and margins remain weak.

VALUE GOLF Inc. Business Overview & Revenue Model

Company Description

VALUE GOLF Inc., together with its subsidiaries, operates golf, travel, and advertising media production business in Japan. It also provides ASP services, advertising promotion, and support services. The company's travel business provides travel p...

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VALUE GOLF Inc., together with its subsidiaries, operates golf, travel, and advertising media production business in Japan. It also provides ASP services, advertising promotion, and support services. The company's travel business provides travel p...

VALUE GOLF Inc. Financial Statement Overview

Breakdown	TTM	Jan 2026	Jan 2025	Jan 2024	Jan 2023	Jan 2022
Income Statement
Total Revenue	4.40B	4.43B	4.13B	3.66B	4.44B	4.28B
Gross Profit	1.51B	1.55B	1.47B	1.30B	1.48B	1.51B
EBITDA	127.27M	100.19M	134.76M	77.38M	245.95M	230.44M
Net Income	17.75M	-19.48M	5.52M	22.69M	114.84M	123.85M
Balance Sheet
Total Assets	3.33B	3.17B	2.65B	2.64B	2.51B	2.37B
Cash, Cash Equivalents and Short-Term Investments	890.33M	757.10M	885.63M	1.26B	1.16B	1.17B
Total Debt	1.58B	1.41B	943.23M	988.45M	832.21M	789.09M
Total Liabilities	2.22B	2.11B	1.52B	1.48B	1.33B	1.28B
Stockholders Equity	1.11B	1.06B	1.13B	1.16B	1.18B	1.10B
Cash Flow
Free Cash Flow	0.00	-484.71M	-43.32M	-14.86M	9.12M	52.60M
Operating Cash Flow	0.00	-471.21M	-33.44M	8.68M	10.08M	56.24M
Investing Cash Flow	0.00	-79.00M	-80.30M	-30.43M	-26.20M	-10.73M
Financing Cash Flow	0.00	420.70M	-266.77M	120.32M	7.02M	142.13M

VALUE GOLF Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1529.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3931, the sentiment is Positive. The current price of 1529 is below the 20-day moving average (MA) of 1733.00, below the 50-day MA of 1642.82, and below the 200-day MA of 1613.88, indicating a bullish trend. The MACD of 45.65 indicates Negative momentum. The RSI at 75.13 is Negative, neither overbought nor oversold. The STOCH value of 93.49 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3931.

VALUE GOLF Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2481	75 Outperform	¥3.80B	10.37	―	2.95%	1.41%	-6.45%
7849	74 Outperform	¥15.70B	10.61	―	3.16%	-7.41%	-17.57%
3678	72 Outperform	¥23.87B	22.08	―	2.01%	6.10%	―
9475	63 Neutral	¥9.40B	14.53	―	1.06%	0.02%	-88.78%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
9468	55 Neutral	¥490.89B	162.08	―	0.98%	1.96%	-45.28%
3931	49 Neutral	¥3.26B	-12.58	―	3.49%	10.69%	-101.97%