Justplanning, Inc. (4287) AI Stock Analysis

• Market Cap: ¥5.72B
• Dividend Yield: 2.09%
• Average Volume (3M): 35.07K
• Price to Earnings (P/E): 12.7
• Beta (1Y): 0.31
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: JP
• Employees: 65
• Sector: Technology
• Sector Strength: 88
• Industry: Computer Hardware
• EPS (TTM): 9.87
• Shares Outstanding: 12,229,888
• 10 Day Avg. Volume: 64,590
• 30 Day Avg. Volume: 35,070
• PEG Ratio: 2.06
• Price to Book (P/B): 1.21
• Price to Sales (P/S): 2.01
• P/FCF Ratio: 15.59
• 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: 80 Outperform
• Price Target: ¥568.00 ▲(21.63% Upside)

The score is driven primarily by strong financial performance—especially margin expansion and a debt-free balance sheet with improving returns—supported by constructive technical momentum. Valuation is also supportive with a mid-teens P/E and ~2% dividend yield. The main constraint is uneven revenue growth and a recent softening in cash conversion/free cash flow trend.

Justplanning, Inc. Business Overview & Revenue Model

Company Description

Just Planning Inc. provides solutions for the food and beverage industry in Japan. The company develops and sells ASP store management and POS order entry systems for restaurants. It offers sales management, attendance management, purchase management, ordering system, etc. The company also provides introduction and operation support services of consulting for store and headquarters systems; and sells various consumables. Just Planning Inc. was founded in 1994 and is based in Ota, Japan.

How the Company Makes Money

Justplanning, Inc. Financial Statement Overview

Summary

Strong fundamentals driven by materially improved profitability (gross margin ~36% in 2020 to ~51% in 2025; net margin ~4% to ~17%) and a very conservative, debt-free balance sheet with rising equity and improving ROE (~3–4% to ~10%). Offsetting factors are uneven revenue growth and softer recent cash conversion versus earnings, with free cash flow declining since 2022.

Income Statement

Profitability has strengthened materially over the last several years, with gross margin improving from ~36% (2020) to ~51% (2025) and net margin rising from ~4% to ~17%. Operating performance is solid, with EBIT margin in the low-to-mid 20%s in 2024–2025. Revenue growth is modest and somewhat uneven (decline in 2021 and 2023, then a rebound in 2024 and stronger growth in 2025), so the top-line trajectory is positive but not consistently high-growth.

Balance Sheet

The balance sheet is very conservative with zero reported debt across all periods and a steadily growing equity base (stockholders’ equity rising from ~¥3.15B in 2020 to ~¥3.68B in 2025). Returns on equity have improved meaningfully (from ~3–4% in 2020 to ~10% in 2024–2025), signaling better profit generation on shareholder capital. The key trade-off is that with no leverage, growth is likely funded primarily through internal cash generation, which can limit upside if expansion opportunities accelerate.

Cash Flow

Free cash flow is consistently positive, but recent cash conversion softened: in 2025 operating cash flow was below net income (operating cash flow to net income ~0.95) and free cash flow was also slightly below net income (~0.92). Cash generation was stronger in 2022–2024 (operating cash flow to net income >1 in those years), but free cash flow has declined year-over-year since 2022, indicating some near-term pressure from working capital or investment needs despite higher earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.42B	2.20B	2.07B	2.01B	2.11B	2.10B
Gross Profit	1.20B	1.12B	1.09B	970.39M	825.12M	768.68M
EBITDA	633.27M	571.30M	555.43M	394.64M	467.60M	244.62M
Net Income	421.57M	364.21M	354.55M	206.08M	248.69M	76.19M
Balance Sheet
Total Assets	4.00B	4.02B	3.88B	3.74B	3.57B	3.38B
Cash, Cash Equivalents and Short-Term Investments	2.98B	2.87B	2.95B	2.87B	2.59B	2.23B
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	368.93M	343.43M	296.43M	350.81M	273.94M	240.02M
Stockholders Equity	3.63B	3.68B	3.58B	3.39B	3.29B	3.14B
Cash Flow
Free Cash Flow	0.00	284.55M	341.11M	383.75M	417.39M	152.52M
Operating Cash Flow	0.00	308.15M	350.02M	399.73M	464.60M	185.79M
Investing Cash Flow	0.00	-23.12M	-7.79M	-719.60M	-416.31M	-40.91M
Financing Cash Flow	0.00	-268.90M	-158.86M	-94.12M	-93.70M	-94.07M

Justplanning, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4287	80 Outperform	¥5.72B	12.66	―	2.09%	―	―
6599	78 Outperform	¥4.24B	11.81	―	1.57%	4.40%	35.86%
6734	73 Outperform	¥5.07B	13.92	―	1.89%	33.70%	36.99%
6597	67 Neutral	¥8.14B	15.96	―	1.65%	3.70%	107.81%
6862	64 Neutral	¥12.82B	22.28	―	1.03%	17.06%	30.17%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6836	55 Neutral	¥4.31B	151.39	―	―	17.29%	―