Akatsuki, Inc. (JP:3932)
:3932
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Akatsuki, Inc.
(3932)
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Rating:66Neutral
Price Target:
¥3,182.00
▲(19.98% Upside)
Action:Reiterated
Date:05/15/26
The score is driven by attractive valuation (low P/E and strong dividend yield) and a solid balance sheet, but tempered by uneven financial consistency (volatile profitability and cash conversion, plus higher FY2026 debt) and currently weak-to-neutral technical momentum (negative MACD and low RSI).
Positive Factors
Strong equity base
A large equity base relative to debt provides a durable financial buffer for Akatsuki, reducing solvency risk and supporting multi-year investment in game development and live-ops. This conservatism underpins operational flexibility and resilience through product cycles over the next 2–6 months.
Negative Factors
Volatile profitability
Akatsuki’s earnings have swung materially year-to-year, reflecting hit-driven dynamics in gaming. This cyclicality complicates multi-quarter forecasting, risks margin compression if new titles underperform, and makes long-term planning and consistent shareholder returns less certain over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong equity base
A large equity base relative to debt provides a durable financial buffer for Akatsuki, reducing solvency risk and supporting multi-year investment in game development and live-ops. This conservatism underpins operational flexibility and resilience through product cycles over the next 2–6 months.
Read all positive factors
Akatsuki, Inc. (3932) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥44.42B
Dividend Yield4.06%
Average Volume (3M)61.17K
Price to Earnings (P/E)6.9
Beta (1Y)0.35
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)346.7
Revenue Forecast (FY)¥25.85B
Akatsuki, Inc. Business Overview & Revenue Model
Company Description
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 projectio...
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
Positive
2652.00
Price Trends
2875.82
Positive
2775.78
Positive
2741.87
Positive
Market Momentum
39.79
Negative
66.81
Neutral
90.10
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3932, the sentiment is Positive. The current price of 2652 is below the 20-day moving average (MA) of 2843.30, below the 50-day MA of 2875.82, and below the 200-day MA of 2741.87, indicating a bullish trend. The MACD of 39.79 indicates Negative momentum. The RSI at 66.81 is Neutral, neither overbought nor oversold. The STOCH value of 90.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
67 Neutral | ¥34.40B | 8.22 | ― | 0.74% | 12.10% | 114.84% | |
66 Neutral | ¥44.42B | 6.92 | ― | 4.06% | 9.32% | 243.34% | |
61 Neutral | ¥131.06B | 19.38 | 3.38% | 2.38% | -5.49% | -82.16% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | ¥72.72B | 23.27 | 1.59% | 2.09% | -8.43% | -5.44% | |
49 Neutral | ¥25.41B | -11.91 | ― | ― | -17.15% | -70.83% | |
46 Neutral | ¥15.68B | 9.33 | ― | ― | -22.53% | ― |
* Communication Services Sector Average
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Akatsuki, Inc.
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Akatsuki, Inc. Corporate Events
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.