SpiderPlus & Co. (4192) AI Stock Analysis

• Market Cap: ¥14.56B
• Dividend Yield: N/A
• Average Volume (3M): 67.68K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.09
• Revenue Growth: 24.80%
• EPS Growth: 12.00%
• Country: JP
• Employees: 250
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -0.69
• Shares Outstanding: 35,415,600
• 10 Day Avg. Volume: 52,830
• 30 Day Avg. Volume: 67,683
• PEG Ratio: -0.29
• Price to Book (P/B): 5.40
• Price to Sales (P/S): 3.51
• P/FCF Ratio: -36.90
• 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): 153.44
• Revenue Forecast (FY): ¥886.91B

• Rating: 41 Neutral
• Price Target: ¥462.00 ▲(13.24% Upside)

SpiderPlus & Co. faces significant challenges with profitability and cash flow, reflected in a low financial performance score. Technical indicators suggest bearish momentum, and the negative P/E ratio highlights valuation concerns. The absence of earnings call data and corporate events means these factors do not influence the score.

SpiderPlus & Co. Business Overview & Revenue Model

Company Description

SpiderPlus & Co. engages in information and communication technology business in Japan. It offers SPIDERPLUS, a drawing and site management application for the construction industry in Japan. The company also engages in the engineering business, including thermal insulation work. The company was formerly known as Regolith, Inc. and changed its name to SpiderPlus & Co. in September 2020. SpiderPlus & Co. was founded in 1997 and is headquartered in Tokyo, Japan.

How the Company Makes Money

SpiderPlus & Co. primarily generates revenue through the sale of its software products and subscription services. The company operates on a Software as a Service (SaaS) model, charging clients recurring fees for access to its platforms, which include cloud-based analytics and automation tools. Additionally, SpiderPlus & Co. earns revenue from consulting services, assisting businesses in the implementation and optimization of its technologies. Key partnerships with industry leaders in technology and consulting enhance its market reach and contribute to revenue growth by facilitating greater adoption of its products. Furthermore, the company may benefit from performance-based contracts with clients, where earnings can increase based on the measurable success of their solutions.

SpiderPlus & Co. Financial Statement Overview

Summary

SpiderPlus & Co. shows revenue growth but faces challenges with profitability and cash flow. The balance sheet is strong with a solid equity base, though leverage is increasing. Improvement in operational efficiency and cash flow is needed.

Income Statement

SpiderPlus & Co. shows increasing revenue over the years, indicating growth. However, EBIT and net income have been consistently negative, signaling profitability issues. The gross profit margin is high, but the net profit margin is significantly negative due to high operating expenses.

Balance Sheet

The company has a strong equity base relative to its assets, maintaining a healthy equity ratio. However, the debt-to-equity ratio has increased, indicating rising leverage. Liquidity remains stable with significant cash reserves.

Cash Flow

Operating and free cash flows have been negative, reflecting cash flow challenges. Although there is some improvement in recent years, the cash flow to net income ratios suggest that cash generation is inadequate to cover losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	4.52B	4.07B	3.19B	2.48B	2.21B	1.97B
Gross Profit	3.24B	2.77B	2.07B	1.52B	1.26B	1.05B
EBITDA	-6.22M	-358.80M	-281.10M	-901.27M	-475.78M	132.76M
Net Income	-457.28M	-771.66M	-463.35M	-1.04B	-511.67M	103.09M
Balance Sheet
Total Assets	4.11B	4.21B	4.60B	4.79B	5.43B	905.35M
Cash, Cash Equivalents and Short-Term Investments	2.64B	2.74B	2.85B	3.04B	4.20B	469.28M
Total Debt	950.88M	1.03B	504.44M	450.67M	178.12M	266.21M
Total Liabilities	1.49B	1.57B	1.21B	1.11B	804.21M	496.35M
Stockholders Equity	2.62B	2.65B	3.39B	3.68B	4.62B	409.00M
Cash Flow
Free Cash Flow	0.00	-387.38M	-413.56M	-1.71B	-854.95M	98.93M
Operating Cash Flow	0.00	-369.09M	-331.22M	-1.00B	-493.48M	130.26M
Investing Cash Flow	0.00	-52.41M	-85.01M	-508.68M	-610.36M	12.91M
Financing Cash Flow	0.00	322.64M	217.61M	363.05M	4.83B	-43.67M

SpiderPlus & Co. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 408.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4192, the sentiment is Negative. The current price of 408 is below the 20-day moving average (MA) of 416.35, below the 50-day MA of 429.40, and below the 200-day MA of 462.80, indicating a bearish trend. The MACD of -6.11 indicates Negative momentum. The RSI at 43.86 is Neutral, neither overbought nor oversold. The STOCH value of 38.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4192.

SpiderPlus & Co. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4299	79 Outperform	¥13.97B	11.52	―	3.76%	3.96%	-3.68%
3648	76 Outperform	¥24.25B	11.99	―	2.23%	21.57%	129.44%
3712	72 Outperform	¥18.42B	15.34	―	2.02%	6.39%	6.38%
2307	70 Outperform	¥16.54B	10.91	―	3.14%	3.58%	0.23%
3800	68 Neutral	¥13.85B	19.27	―	3.67%	-1.03%	-3.19%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
4192	41 Neutral	¥14.56B	―	―	―	24.80%	12.00%

SpiderPlus & Co. Corporate Events

SpiderPlus & Co. Targets Construction Industry Growth with Digital Transformation

SpiderPlus & Co. has released its FY2025 Q2 results, highlighting the company’s strategic focus on digital transformation to address the construction industry’s challenges. The industry is poised for growth due to urban redevelopment and infrastructure repair demands, presenting opportunities for SpiderPlus & Co. to enhance productivity and work methods through technology, potentially strengthening its market position.

SpiderPlus & Co. Reports Improved Sales but Continues to Face Profitability Challenges

SpiderPlus & Co. reported a significant improvement in their financial performance for the first half of 2025, with net sales increasing by 23.5% compared to the previous year. Despite this growth in sales, the company still recorded a net loss, although it was reduced compared to the same period last year. The company’s financial position remains stable with a slight increase in equity ratio, indicating a solid foundation for future growth. The announcement reflects the company’s ongoing efforts to improve its financial health and market position, although challenges remain in achieving profitability.