Justplanning, Inc. (4287) AI Stock Analysis

• Market Cap: ¥5.81B
• Dividend Yield: 2.09%
• Average Volume (3M): 35.07K
• Price to Earnings (P/E): 10.7
• Beta (1Y): 0.35
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: JP
• Employees: 65
• Sector: Technology
• Sector Strength: 88
• Industry: Computer Hardware
• EPS (TTM): 15.91
• Shares Outstanding: 12,229,888
• 10 Day Avg. Volume: 64,590
• 30 Day Avg. Volume: 35,070
• PEG Ratio: 0.22
• Price to Book (P/B): 1.40
• Price to Sales (P/S): 2.18
• P/FCF Ratio: 8.15
• 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: 85 Outperform
• Price Target: ¥586.00 ▲(25.48% Upside)
• Action: Reiterated Date: 03/13/26
• Date: Action: Reiterated 03/13/26

The score is driven primarily by strong financial performance (debt-free balance sheet, improved profitability, and solid cash generation) and supportive valuation (low P/E with a ~2.2% dividend yield). Technicals add a moderate tailwind as the stock is in an uptrend with positive momentum, though revenue and cash-flow consistency remain the main watch items.

Positive Factors

Debt-free Balance Sheet

A zero-debt, conservatively positioned balance sheet materially reduces financial risk and supports durable flexibility. With no interest burden the company can fund capex, dividends, or M&A from internally generated cash, strengthening resilience through cycles and enabling strategic optionality.

Rising Profitability

A meaningful step-up in margins indicates structural improvements in pricing, mix, or cost base, creating sustainable operating leverage. Higher gross and net margins support reinvestment and shareholder returns, and help absorb revenue volatility while improving long-term cash generation.

Strong Cash Generation

Consistent conversion of earnings to free cash flow provides a durable funding source for growth, dividends, and strategic moves. The strong 2026 cash metrics show the business can generate surplus cash, underpinning capital allocation choices without relying on external financing.

Negative Factors

Uneven Revenue Growth

Irregular top-line performance signals demand cyclicality or product mix shifts that can hinder predictable scaling. Persistent uneven growth complicates long-term planning, makes capacity and investment decisions riskier, and can limit the durability of recent margin gains if revenue falters.

Cash-flow Volatility

Periodic working-capital swings and timing differences have produced multi-year FCF variability, reducing predictability of cash available for reinvestment or payouts. This volatility can force conservative capital plans in weaker years despite overall strong cash generation in 2026.

Moderate Return on Equity

A mid-teens or higher ROE typically signals high capital efficiency; at ~10% ROE the company generates modest returns on equity. This limits long-term shareholder return potential absent faster revenue growth or margin expansion, and requires more capital to achieve the same earnings growth.

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.

Justplanning, Inc. Financial Statement Overview

Summary

High-quality fundamentals: expanding profitability with net margin reaching ~20% in 2026, a very strong debt-free balance sheet, and generally solid cash generation. Key offsets are uneven revenue growth (including a decline in 2023) and some historical cash-flow volatility versus earnings despite a strong 2026 rebound.

Income Statement

The income statement is strong, highlighted by solid profitability and improving momentum. Annual revenue rose from 2.10B (2022) to 2.53B (2026), with growth re-accelerating in 2026 (4.7%) after a modest 2025. Margins are notably healthy for the period—gross margin near ~50% and net margin expanding to ~20% in 2026 from low-single digits in 2021—showing a meaningful profitability step-up. The key weakness is that revenue growth has been uneven over the cycle (including a decline in 2023), indicating some demand variability.

Balance Sheet

The balance sheet is very strong and conservatively positioned. The company reports zero total debt across all years provided, resulting in a 0.0 debt-to-equity ratio and low financial risk. Equity and total assets trend upward over time, supporting balance sheet resilience. A remaining watch item is that returns on equity, while improving versus earlier years, are still around ~10% in 2024–2025 (with 2026 not provided), suggesting profitability is good but not yet exceptional relative to the capital base.

Cash Flow

Cash flow quality is generally strong with good conversion of earnings into cash. Free cash flow is close to net income in every year shown (roughly ~0.82–0.98x), culminating in a strong 2026 free cash flow level (679M) and healthy operating cash flow (694M). However, year-to-year free cash flow growth was negative for several consecutive years (2023–2025), and the ability of operating cash flow to cover net income dipped below 1.0 in 2021 and 2025, pointing to periodic working-capital or timing swings despite the strong 2026 rebound.

Breakdown	TTM	Jan 2026	Jan 2025	Jan 2024	Jan 2023	Jan 2022
Income Statement
Total Revenue	2.42B	2.53B	2.20B	2.07B	2.01B	2.11B
Gross Profit	1.20B	1.26B	1.12B	1.09B	970.39M	825.12M
EBITDA	633.27M	662.99M	571.30M	555.43M	394.64M	467.60M
Net Income	421.57M	518.13M	364.21M	354.55M	206.08M	248.69M
Balance Sheet
Total Assets	4.00B	4.35B	4.02B	3.88B	3.74B	3.57B
Cash, Cash Equivalents and Short-Term Investments	2.98B	3.25B	2.87B	2.95B	2.87B	2.59B
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	368.92M	415.12M	343.43M	299.21M	352.64M	274.03M
Stockholders Equity	3.63B	3.94B	3.68B	3.58B	3.39B	3.29B
Cash Flow
Free Cash Flow	0.00	678.75M	284.55M	341.11M	383.75M	417.39M
Operating Cash Flow	0.00	694.30M	308.15M	350.02M	399.73M	464.60M
Investing Cash Flow	0.00	-57.64M	-23.12M	-7.79M	-719.60M	-416.31M
Financing Cash Flow	0.00	-260.06M	-268.90M	-158.86M	-94.12M	-93.70M

Justplanning, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4287	85 Outperform	¥5.81B	10.67	―	2.09%	―	―
4832	76 Outperform	¥64.96B	13.11	―	2.65%	3.62%	8.01%
3021	71 Outperform	¥11.65B	8.19	―	2.47%	20.51%	42.33%
6597	67 Neutral	¥7.50B	13.29	―	1.65%	3.70%	107.81%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
5871	58 Neutral	¥7.32B	-211.99	―	3.12%	13.88%	-155.89%
7709	46 Neutral	¥2.22B	-5.75	―	―	-23.14%	-829.31%