Akatsuki, Inc. (JP:3932)
:3932
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Akatsuki, Inc.
(3932)
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Rating:74Outperform
Price Target:
¥3,264.00
▲(23.08% Upside)
Action:Upgraded
Date:05/22/26
The score is driven primarily by improved FY2026 financial momentum and a strong valuation (low P/E and meaningful dividend yield). Technicals are supportive with price above major moving averages and positive MACD, though elevated RSI/Stoch suggest conditions are somewhat stretched. The main constraint is fundamental volatility, including uneven cash conversion and a notable FY2026 debt increase.
Positive Factors
Revenue Rebound
A sizable revenue and profit rebound in FY2026 indicates improving product traction and monetization. This momentum supports scaling R&D and live-ops investment, increasing the likelihood that recent growth can sustain over the medium term versus prior decline years.
Negative Factors
Weaker Cash Conversion
A substantial gap between net income and operating cash flow indicates earnings convert unevenly to cash. Over the medium term this weakens the reliability of reported profits to fund development, dividends or deleveraging without raising external funds.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Rebound
A sizable revenue and profit rebound in FY2026 indicates improving product traction and monetization. This momentum supports scaling R&D and live-ops investment, increasing the likelihood that recent growth can sustain over the medium term versus prior decline years.
Read all positive factors
Akatsuki, Inc. (3932) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥42.03B
Dividend Yield4.06%
Average Volume (3M)61.17K
Price to Earnings (P/E)7.2
Beta (1Y)0.37
Revenue Growth9.32%
EPS Growth243.34%
CountryJP
Employees539
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)52.02
Shares Outstanding14,519,800
10 Day Avg. Volume39,880
30 Day Avg. Volume61,166
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)0.86
Price to Sales (P/S)1.51
P/FCF Ratio14.85
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)416
Revenue Forecast (FY)¥33.35B
Akatsuki, Inc. Business Overview & Revenue Model
Company Description
Established in 2010 and based in Tokyo, Japan, Akatsuki Inc. primarily engages in the creation of mobile games and the provision of various live experiences across the country. Beyond its game development efforts, the company manages an extensive ...
How the Company Makes Money
null...
Akatsuki, Inc. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 21.83B | 25.86B | 23.65B | 23.97B | 24.34B | 26.27B |
| Gross Profit | 12.37B | 14.03B | 13.70B | 13.49B | 14.35B | 15.50B |
| EBITDA | 3.10B | 7.86B | 4.04B | 2.85B | 5.85B | 7.61B |
| Net Income | 749.00M | 5.65B | 1.65B | 1.29B | 1.34B | 5.19B |
Balance Sheet | ||||||
| Total Assets | 50.98B | 62.33B | 54.63B | 52.04B | 53.16B | 46.08B |
| Cash, Cash Equivalents and Short-Term Investments | 28.31B | 30.55B | 33.28B | 30.96B | 34.07B | 25.72B |
| Total Debt | 6.10B | 11.65B | 6.10B | 7.10B | 10.20B | 4.21B |
| Total Liabilities | 10.56B | 16.95B | 13.18B | 11.83B | 14.40B | 7.84B |
| Stockholders Equity | 40.40B | 45.36B | 41.44B | 40.19B | 38.75B | 38.24B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.63B | 3.80B | -246.00M | 5.00B | 4.42B |
| Operating Cash Flow | 0.00 | 2.73B | 3.87B | -84.00M | 5.05B | 4.79B |
| Investing Cash Flow | 0.00 | -3.32B | -1.47B | -73.00M | 1.21B | -3.01B |
| Financing Cash Flow | 0.00 | 3.18B | -2.14B | -3.24B | 4.92B | -4.19B |
Akatsuki, Inc. Technical Analysis
Negative
2652.00
Price Trends
2937.62
Negative
2863.15
Negative
2763.33
Positive
Market Momentum
-8.03
Positive
39.09
Neutral
5.12
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3932, the sentiment is Negative. The current price of 2652 is below the 20-day moving average (MA) of 3101.80, below the 50-day MA of 2937.62, and below the 200-day MA of 2763.33, indicating a neutral trend. The MACD of -8.03 indicates Positive momentum. The RSI at 39.09 is Neutral, neither overbought nor oversold. The STOCH value of 5.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3932.
Akatsuki, Inc. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥42.03B | 7.24 | ― | 4.06% | 9.32% | 243.34% | |
67 Neutral | ¥39.34B | 7.17 | ― | 0.74% | 12.10% | 114.84% | |
61 Neutral | ¥120.72B | 78.84 | 3.38% | 2.38% | -5.49% | -82.16% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | ¥70.39B | 30.67 | 1.59% | 2.09% | -8.43% | -5.44% | |
54 Neutral | ¥13.04B | 8.44 | ― | ― | 2.70% | -30.63% | |
42 Neutral | ¥18.47B | -4.17 | ― | ― | -17.15% | -70.83% |
* Communication Services Sector Average
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Akatsuki, Inc. Corporate Events
Akatsuki Seeks Shareholder Approval for New Director Stock Option Plan
May 22, 2026
Akatsuki Inc. plans to introduce a new stock option remuneration framework for its internal directors, seeking shareholder approval at its June 25, 2026 annual meeting to grant up to JPY 100 million per year in stock acquisition rights, separate f...
Akatsuki Raises Year-End Dividend, Signaling Confidence in Earnings
May 22, 2026
Akatsuki Inc. said its board has approved a proposal for a year-end dividend of ¥60 per share for the fiscal year ended March 31, 2026, up from ¥55 in the previous year, with a total payout of ¥867 million drawn from earned surplus....
Akatsuki Completes ¥6.48 Billion Share Buyback to Support SUNNY SIDE UP Deal
May 14, 2026
Akatsuki Inc. has completed the repurchase of 2,390,000 shares of its common stock through the Tokyo Stock Exchange’s ToSTNeT-3 system, at a total cost of ¥6.48 billion, representing 16.5% of its issued shares excluding treasury stock. ...
Akatsuki Moves to Acquire SUNNY SIDE UP GROUP via Tender Offer and Share Exchange
May 13, 2026
Akatsuki Inc. has launched a tender offer to acquire all common shares and share acquisition rights of SUNNY SIDE UP GROUP Inc., which is listed on the Tokyo Stock Exchange Standard Market, as part of a broader management integration strategy. The...
Akatsuki Secures Mizuho Financing for SUNNY SIDE UP Tender Offer and Share Buyback
May 13, 2026
Akatsuki Inc. has arranged new financing with Mizuho Bank to support a tender offer for SUNNY SIDE UP GROUP Inc. and to fund an expanded share repurchase program, underscoring its strategy of using debt to pursue acquisitions and return capital to...
Akatsuki Launches ¥7.05 Billion Share Buyback Tied to SUNNY SIDE UP Deal
May 13, 2026
Akatsuki Inc. has approved a major share repurchase program, seeking to acquire up to 2.6 million shares, or about 18% of its outstanding stock, for a maximum of ¥7.05 billion via the Tokyo Stock Exchange’s ToSTNeT-3 off-auction system ...
Akatsuki Profit Soars on New Game, M&A and Cost Efficiencies
May 13, 2026
Akatsuki Inc., a Tokyo-listed games and comics developer, reported consolidated net sales of ¥23.86 billion for the fiscal year ended March 31, 2026, up 9.3% from the prior year, driven by a newly released game title and contributions from co...
Akatsuki Lifts Year-End Dividend, Signals Stronger Shareholder Returns
May 13, 2026
Akatsuki Inc. has reaffirmed its focus on shareholder returns as a core management priority, maintaining a policy of sustained, progressive dividends tied to profit growth and supported by a higher consolidated Dividend on Equity benchmark of 4%. ...
Akatsuki Profit Surges as Margins Improve and Dividend Rises, Guidance Withdrawn Amid Market Uncertainty
May 13, 2026
Akatsuki reported strong consolidated results for the fiscal year ended March 31, 2026, with net sales rising 9.3% to ¥25.86 billion and operating profit surging 90.1% to ¥7.44 billion, driving profit attributable to owners of parent up ...
Akatsuki to Acquire Groove Holdings to Expand Entertainment Merchandise Business
Apr 24, 2026
Akatsuki Inc. has agreed to acquire all shares of Groove Holdings Inc., converting it into a consolidated subsidiary, with its wholly owned unit Groove Direction Inc. becoming a second-tier subsidiary. Groove Direction specializes in planning and ...
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.