Ficha, Inc. (4052) AI Stock Analysis

• Market Cap: ¥1.77B
• Dividend Yield: N/A
• Average Volume (3M): 6.55K
• Price to Earnings (P/E): 231.7
• Beta (1Y): 0.82
• Revenue Growth: -9.71%
• EPS Growth: -1076.54%
• Country: JP
• Employees: 32
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.32
• Shares Outstanding: 5,856,107
• 10 Day Avg. Volume: 7,970
• 30 Day Avg. Volume: 6,550
• PEG Ratio: -0.15
• Price to Book (P/B): 3.35
• Price to Sales (P/S): 4.64
• P/FCF Ratio: 138.01
• 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: 53 Neutral
• Price Target: ¥306.00 ▲(6.25% Upside)
• Action: Reiterated Date: 03/10/26
• Date: Action: Reiterated 03/10/26

The score is primarily driven by mixed financial performance: strong balance-sheet strength and a sharp revenue rebound are offset by ongoing losses and historically volatile cash generation. Technicals are neutral with a weak longer-term trend, while the very high P/E meaningfully weighs on the overall score.

Positive Factors

Balance Sheet Strength

Zero debt and a large equity cushion materially reduce financial risk and refinancing pressure. This durable capital structure lowers default risk, supports investment or M&A optionality, and gives management structural flexibility to fund operations or weather downturns over the medium term.

Revenue Rebound & Strong Gross Margins

A 27.8% YoY revenue rebound alongside mid-60% gross margins indicates resilient product pricing and scalable unit economics. Sustained top-line momentum with high gross margins provides durable runway for operating leverage and future margin expansion if cost structure is controlled.

Return to Positive Cash Flow

Recovery to positive operating and free cash flow demonstrates improving cash conversion and reduces reliance on external financing. If sustained, positive FCF supports self-funded growth, R&D investment or strategic initiatives and materially improves longer-term financial resilience.

Negative Factors

Persistent Profitability Weakness

Multi-year losses and negative operating margins erode equity and limit internal capital for growth. Persistent unprofitability increases reliance on structural fixes (cost cuts, pricing, scale) rather than transient revenue gains and raises execution risk over the medium term.

Volatile Cash Generation

Historic cash-flow volatility complicates planning and capital allocation. Recurrent negative FCF years heighten refinancing and liquidity risk, making it harder to rely on cash for sustained investment, and reducing the durability of the recent cash-flow improvement absent consistent conversion.

Negative Returns on Equity

Negative ROE signals shareholder capital has not produced positive earnings, reflecting structural profitability shortfalls. Sustained negative returns can pressure investor confidence, limit access to non-dilutive capital, and constrain long-term ability to scale without corrective actions.

Ficha, Inc. Business Overview & Revenue Model

Company Description

Ficha Inc. develops and sells image recognition software for car cameras. It provides object detection software for Advanced Driver Assistance System (ADAS). The company also provides Driver Monitoring System (DMS), a system for monitoring the driver's driving condition with an in-vehicle camera to prevent dangerous driving and accidents. Ficha Inc. was founded in 2005 and is headquartered in Tokyo, Japan.

Ficha, Inc. Financial Statement Overview

Summary

Revenue rebounded strongly (+27.8% YoY) and the company carries zero debt with a large equity cushion, lowering financial risk. However, profitability has deteriorated into multi-year losses (latest net margin -7.8% with negative EBIT/EBITDA) and cash flow has been volatile despite a return to positive operating and free cash flow in 2025.

Income Statement

Revenue has rebounded strongly in the latest year (+27.8% YoY) after several years of modest growth, and gross margins remain healthy (roughly mid-60%+). However, profitability is inconsistent: the company moved from profitability in 2020–2022 to losses in 2023–2025, with the latest net margin at -7.8% and negative EBIT/EBITDA, indicating cost pressure and limited operating leverage despite solid top-line momentum.

Balance Sheet

The balance sheet is conservatively positioned with zero debt across the period and a large equity base relative to assets (equity ~$690M vs. assets ~$720M in 2025), which meaningfully reduces financial risk. The main weakness is returns: equity returns have turned negative in recent years (2025 return on equity about -5.6%), reflecting earnings pressure rather than balance-sheet leverage.

Cash Flow

Cash generation is mixed but improving: 2025 operating cash flow turned positive (~¥22.1M) and free cash flow was also positive (~¥16.7M), a notable recovery from negative operating and free cash flow in 2024. That said, cash flow has been volatile over the last several years (including negative free cash flow in multiple years), so consistency and durability of cash conversion remain key watch items.

Breakdown	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement
Total Revenue	497.61M	494.21M	389.70M	382.69M	260.36M
Gross Profit	317.33M	330.87M	284.06M	273.04M	182.68M
EBITDA	2.00M	8.71M	-18.75M	32.71M	-51.08M
Net Income	-38.59M	-7.88M	-28.59M	29.02M	-62.15M
Balance Sheet
Total Assets	720.03M	768.10M	591.35M	616.93M	544.52M
Cash, Cash Equivalents and Short-Term Investments	594.20M	578.44M	416.51M	470.60M	451.87M
Total Debt	0.00	0.00	0.00	0.00	0.00
Total Liabilities	30.23M	38.22M	42.51M	48.44M	37.84M
Stockholders Equity	689.80M	729.88M	548.84M	568.49M	506.68M
Cash Flow
Free Cash Flow	16.74M	-28.05M	-17.61M	11.75M	-12.07M
Operating Cash Flow	22.06M	-18.78M	1.44M	16.36M	-6.24M
Investing Cash Flow	-5.32M	-9.27M	-55.92M	-4.61M	-5.83M
Financing Cash Flow	0.00	186.85M	-23.00K	3.61M	43.12M

Ficha, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 288.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4052, the sentiment is Positive. The current price of 288 is below the 20-day moving average (MA) of 308.55, below the 50-day MA of 299.00, and below the 200-day MA of 333.25, indicating a neutral trend. The MACD of 5.56 indicates Positive momentum. The RSI at 53.04 is Neutral, neither overbought nor oversold. The STOCH value of 39.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4052.

Ficha, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3986	65 Neutral	¥2.26B	14.64	―	1.38%	-0.32%	-15.27%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
4052	53 Neutral	¥1.77B	231.69	―	―	-9.71%	-1076.54%
3787	50 Neutral	¥1.61B	3.16	―	―	-1.34%	17.01%
4020	50 Neutral	¥1.50B	-16.72	―	―	3.27%	-141.89%
4179	48 Neutral	¥1.60B	-25.96	―	―	30.10%	40.65%
3910	44 Neutral	¥1.62B	7.76	―	1.35%	9.45%	―