Low Leverage / Strong Equity BaseA very low debt-to-equity ratio and high equity ratio provide durable financial flexibility: the company can fund game development cycles, absorb revenue slumps, pursue strategic M&A or shareholder returns, and negotiate favorable terms with lenders without stressing solvency.

Free Cash Flow TurnaroundFree cash flow turning positive indicates the business is beginning to generate internal funding for operations and reinvestment. Sustained FCF supports long-term product development, dividend capacity and reduces reliance on external financing, improving financial resilience.

Improving Profitability MarginsRising gross and net margins suggest better monetization and cost control across the portfolio. Higher margin structure increases earnings per revenue dollar, supporting durable cash generation and giving management scope to invest in content or maintain payouts despite top-line pressure.

Bears Say

Declining Revenue TrendA multi-year revenue decline indicates structural challenges: weaker user engagement, portfolio aging, or competitive displacement. Persisting revenue erosion undermines scale economics, limits growth opportunities and places pressure on margins and long-term return on invested capital.

Inconsistent Cash Generation Vs EarningsInconsistency between operating cash flow and reported earnings points to earnings quality risk and irregular cash conversion. That variability can force reliance on reserves or external funding during development cycles, complicating capital allocation and dividend reliability.

Volatile Operating MarginsVolatility in EBIT/EBITDA margins reflects a hit-driven, uneven revenue profile common in gaming. This makes long-term forecasting and investment planning harder, raises execution risk for new titles, and can produce swings in free cash flow and investor returns over medium-term horizons.

3932 FAQ

What was Akatsuki, Inc.’s price range in the past 12 months?

Akatsuki, Inc. lowest stock price was ¥2480.00 and its highest was ¥3535.00 in the past 12 months.

What is Akatsuki, Inc.’s market cap?

Akatsuki, Inc.’s market cap is ¥44.06B.

When is Akatsuki, Inc.’s upcoming earnings report date?

Akatsuki, Inc.’s upcoming earnings report date is May 07, 2026 which is in 59 days.

How were Akatsuki, Inc.’s earnings last quarter?

Akatsuki, Inc. released its earnings results on Feb 09, 2026. The company reported ¥69.55 earnings per share for the quarter, beating the consensus estimate of N/A by ¥69.55.

Is Akatsuki, Inc. overvalued?

According to Wall Street analysts Akatsuki, Inc.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Akatsuki, Inc. pay dividends?

Akatsuki, Inc. pays a Semiannually dividend of ¥55 which represents an annual dividend yield of 4.06%. See more information on Akatsuki, Inc. dividends here

What is Akatsuki, Inc.’s EPS estimate?

Akatsuki, Inc.’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Akatsuki, Inc. have?

Akatsuki, Inc. has 14,519,800 shares outstanding.

What happened to Akatsuki, Inc.’s price movement after its last earnings report?

Akatsuki, Inc. reported an EPS of ¥69.55 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 1.159%.

Which hedge fund is a major shareholder of Akatsuki, Inc.?

Currently, no hedge funds are holding shares in JP:3932

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Akatsuki, Inc.

Akatsuki Inc. engages in the mobile game and live experience businesses primarily in Japan. It develops mobiles games. The company also operates Asobuild, an entertainment facility service site; Pong!Pong!, a ping pong table activity and projection mapping service site; Sotoasobi, a service site to provide reservations for outdoor and leisure activities; and Daigomi, a Cheese restaurants. In addition, it provides Crayon, an app development support services to artists, creators, and athletes; a media franchise project of both music and audio drama CDs on themes of Jazz; and operates Kumarba Channel, an education and entertainment channel distributed through YouTube platform. The company was founded in 2010 and is headquartered in Tokyo, Japan.