Shanon, Inc. (JP:3976)
:3976
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Shanon, Inc.
(3976)
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Rating:52Neutral
Price Target:
¥379.00
▲(3.27% Upside)
Action:ReiteratedDate:03/24/26
Overall score reflects improving financial trajectory led by strong recent cash flow and solid gross margins, tempered by still-negative net income and uneven revenue momentum. Technicals are neutral-to-soft with price below key moving averages, and valuation is constrained by a negative P/E.
Positive Factors
Strong cash generation
Consistent positive operating and free cash flow in 2024–2025 (OCF ~594M, FCF ~494M) signals the company now generates internal funding to cover operations and investments. Durable cash generation supports capex, product development, and debt reduction even if reported earnings remain uneven.
Negative Factors
Revenue decline and volatility
A roughly 9% revenue drop in 2025 and multi-year top-line volatility reduce visibility into demand and scale benefits. Persistent revenue softness limits the ability to leverage high margins, slows margin expansion, and prolongs the timeline to sustainable net profitability and growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent positive operating and free cash flow in 2024–2025 (OCF ~594M, FCF ~494M) signals the company now generates internal funding to cover operations and investments. Durable cash generation supports capex, product development, and debt reduction even if reported earnings remain uneven.
Read all positive factors
Shanon, Inc. (3976) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.21B
Dividend YieldN/A
Average Volume (3M)1.90K
Price to Earnings (P/E)―
Beta (1Y)0.50
Revenue Growth-14.55%
EPS Growth-8.13%
CountryJP
Employees254
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)N/A
Shares Outstanding5,926,200
10 Day Avg. Volume1,690
30 Day Avg. Volume1,900
Financial Highlights & Ratios
PEG Ratio1.06
Price to Book (P/B)2.20
Price to Sales (P/S)0.79
P/FCF Ratio4.39
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)N/A
Revenue Forecast (FY)N/A
Shanon, Inc. Business Overview & Revenue Model
Company Description
SHANON Inc. provides cloud solutions for corporate marketing issues. It offers cloud planning and development for marketing, as well as consulting and outsourcing services related to marketing. The company was founded in 2000 and is headquartered ...
Shanon, Inc. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
52
Neutral
Cash Flow
71
Positive
| Breakdown | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.75B | 3.21B | 2.93B | 2.46B | 2.20B |
| Gross Profit | 1.81B | 1.93B | 1.83B | 1.59B | 1.37B |
| EBITDA | 270.92M | 157.24M | -42.03M | -154.10M | 149.16M |
| Net Income | -23.72M | -101.61M | -445.67M | -365.86M | 107.89M |
Balance Sheet | |||||
| Total Assets | 2.00B | 2.17B | 2.02B | 1.84B | 1.69B |
| Cash, Cash Equivalents and Short-Term Investments | 1.01B | 763.13M | 400.86M | 264.18M | 491.14M |
| Total Debt | 97.13M | 1.39B | 1.13B | 744.58M | 564.42M |
| Total Liabilities | 1.01B | 2.22B | 1.98B | 1.56B | 1.04B |
| Stockholders Equity | 986.29M | -52.54M | 39.53M | 285.41M | 645.90M |
Cash Flow | |||||
| Free Cash Flow | 494.24M | 225.46M | -151.04M | -25.43M | 177.68M |
| Operating Cash Flow | 593.83M | 226.62M | -148.76M | -3.92M | 183.72M |
| Investing Cash Flow | -61.11M | -160.54M | -260.58M | -283.58M | -245.38M |
| Financing Cash Flow | -287.04M | 295.04M | 545.35M | 57.51M | 110.63M |
Shanon, Inc. Technical Analysis
Negative
367.00
Price Trends
380.32
Negative
377.83
Negative
381.56
Negative
Market Momentum
-2.89
Positive
43.90
Neutral
19.42
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3976, the sentiment is Negative. The current price of 367 is below the 20-day moving average (MA) of 380.15, below the 50-day MA of 380.32, and below the 200-day MA of 381.56, indicating a bearish trend. The MACD of -2.89 indicates Positive momentum. The RSI at 43.90 is Neutral, neither overbought nor oversold. The STOCH value of 19.42 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3976.
Shanon, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥21.54B | 15.25 | ― | ― | 14.28% | -30.60% | |
67 Neutral | ¥9.25B | 13.07 | ― | 0.70% | 9.78% | -23.98% | |
64 Neutral | ¥35.25B | 20.10 | ― | ― | 27.97% | -5.25% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | ¥2.21B | -91.39 | ― | ― | -14.55% | -8.13% | |
49 Neutral | ¥24.91B | 39.28 | ― | ― | 20.84% | 10.41% | |
45 Neutral | ¥4.05B | -110.35 | ― | ― | 3.34% | -219.24% |
* Technology Sector Average
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Shanon, Inc. Corporate Events
Shanon Posts Losses but Boosts Liquidity and Expands via Acquisition
Feb 16, 2026
Shanon Inc. reported consolidated financial results for the year ended December 31, 2025, showing modest net sales growth alongside operating and ordinary losses, with earnings per share remaining negative. The company maintained a zero-dividend p...
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.