BeMap, Inc. (4316) AI Stock Analysis

• Market Cap: ¥4.49B
• Dividend Yield: N/A
• Average Volume (3M): 398.63K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.21
• Revenue Growth: 11.96%
• EPS Growth: -453.36%
• Country: JP
• Employees: 72
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): -12.43
• Shares Outstanding: 3,511,200
• 10 Day Avg. Volume: 418,160
• 30 Day Avg. Volume: 398,630
• PEG Ratio: 0.03
• Price to Book (P/B): 2.35
• Price to Sales (P/S): 0.77
• P/FCF Ratio: -4.53
• 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: 55 Neutral
• Price Target: ¥1,180.00 ▲(4.33% Upside)
• Action: Reiterated Date: 02/21/26
• Date: Action: Reiterated 02/21/26

The score is held back primarily by weak financial performance (declining revenue, losses, and negative operating/free cash flow). Technical indicators are moderately supportive with the price above key moving averages and positive MACD, but valuation is difficult to support due to a negative P/E and no dividend yield data.

Positive Factors

Low leverage / manageable debt

Low reported leverage gives the company durable financial flexibility despite operational losses. Manageable debt reduces near-term default and interest pressure, preserving capacity to fund operations or strategic pivots over the next several months without urgent refinancing.

Stable gross profit margin

A stable gross profit margin points to resilient unit economics and control over direct costs. This provides a structural base for margin recovery if sales stabilize and enables management to focus on operating expense reduction to restore profitability over a multi-month horizon.

Lean operating footprint

A small employee base implies lower fixed overhead and potential operational flexibility. With a lean team, the company can implement cost restructurings and scale headcount more conservatively, which supports cash preservation and faster operational adjustments if revenue trends change.

Negative Factors

Declining revenue and net losses

Ongoing revenue declines and persistent net losses are structural concerns that erode operating leverage and limit reinvestment. Continued top-line contraction makes it harder to achieve sustainable profitability and threatens business viability absent a clear revenue recovery plan.

Negative operating and free cash flow

Consistently negative operating and free cash flow indicate the business cannot self-fund operations or investments. This creates reliance on external funding, limits strategic optionality, and raises risk that liquidity constraints will impede execution over the coming months.

Eroding equity and lower ROE

A falling equity ratio and weakened ROE signal shareholder value erosion and a shrinking capital buffer against losses. This reduces financial resilience, makes future capital raises more dilutive or costly, and limits the company’s ability to pursue growth initiatives sustainably.

BeMap, Inc. Business Overview & Revenue Model

Company Description

BeMap, Inc. engages in the mobile system integration business in Japan. It offers systems for railways, including customized timetable and route search services, as well as allows railway service companies to provide users with information using content management system (CMS) Wi-Fi infrastructures. The company also develops and maintains CMS for Wi-Fi; Wi-Fi authentication systems that supports public wireless LAN services for telecommunication carriers; and platforms to enable the supply content services for Wi-Fi with location-based systems and smartphone applications. In addition, it provides systems for individuals to use a public wireless LAN at railway stations, airports, convenience stores, and other places through telecommunication carriers and railway operators; and cloud-based digital video recording services. Further, the company offers 02020, an on-air to online to offline solution; TV metadata, which offers descriptive information about programming that includes title, storyline, cast, genre, release date, images, featured products/companies/shops, and others; and website/software development services, including planning, implementation, quality assurance testing, deployment, and upgrades and enhancements. BeMap, Inc. was incorporated in 1998 and is based in Tokyo, Japan.

How the Company Makes Money

BeMap, Inc. generates revenue through several key streams. Primarily, the company sells software licenses for its mapping and location-based services to businesses in sectors such as logistics, transportation, and urban development. Additionally, BeMap offers subscription-based services that provide ongoing access to its data analytics tools and real-time tracking features. Another significant revenue stream comes from partnerships with technology firms and government agencies, which often involve customized solutions and consulting services tailored to specific geospatial needs. The company may also benefit from advertising revenue generated through its consumer-facing applications, where businesses can promote their services based on user location data.

BeMap, Inc. Financial Statement Overview

Summary

Weak fundamentals: declining revenue, negative EBIT/EBITDA margins, and ongoing net losses. Cash flow is also pressured with negative operating and free cash flow, partially offset by low leverage and moderate balance-sheet stability.

Income Statement

The income statement shows declining revenue with a negative growth rate over the last year, primarily impacted by a fall in gross profit and net income. The company has negative EBIT and EBITDA margins, indicating operational inefficiencies. Although gross profit margin remains stable, consistent net losses pose a significant challenge.

Balance Sheet

The balance sheet reflects moderate financial stability, with a debt-to-equity ratio that remains low, suggesting manageable leverage. However, the declining equity ratio and return on equity indicate reduced shareholder value and financial health. The equity has decreased over time, impacting overall stability.

Cash Flow

The cash flow statement highlights negative free cash flow and operating cash flow, signaling liquidity issues. Despite some improvement in free cash flow growth in earlier years, the recent decline is concerning. The company struggles to generate sufficient cash flow from operations to cover its expenses and investments.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.55B	1.49B	1.60B	1.04B	1.02B	1.34B
Gross Profit	667.59M	664.49M	723.26M	470.00M	465.09M	616.04M
EBITDA	-168.56M	-176.97M	155.51M	-211.68M	-165.77M	68.18M
Net Income	-187.34M	-179.56M	155.84M	-224.72M	-155.87M	41.46M
Balance Sheet
Total Assets	822.00M	929.03M	1.17B	1.01B	941.45M	1.31B
Cash, Cash Equivalents and Short-Term Investments	453.00M	155.11M	432.71M	396.99M	365.37M	545.02M
Total Debt	78.00M	82.14M	96.43M	100.00M	0.00	200.00M
Total Liabilities	362.00M	424.13M	466.57M	432.60M	188.89M	384.10M
Stockholders Equity	453.00M	487.85M	685.62M	540.40M	747.33M	924.66M
Cash Flow
Free Cash Flow	0.00	-252.76M	-165.79M	-177.71M	57.06M	-33.87M
Operating Cash Flow	0.00	-250.38M	-159.04M	-177.50M	66.22M	-28.30M
Investing Cash Flow	0.00	-12.94M	204.93M	309.11M	-45.87M	-45.15M
Financing Cash Flow	0.00	-14.29M	-10.17M	7.00K	-200.00M	200.00M

BeMap, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1131.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4316, the sentiment is Positive. The current price of 1131 is below the 20-day moving average (MA) of 1136.20, above the 50-day MA of 1100.28, and above the 200-day MA of 941.58, indicating a bullish trend. The MACD of 44.50 indicates Negative momentum. The RSI at 55.71 is Neutral, neither overbought nor oversold. The STOCH value of 22.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4316.

BeMap, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3839	76 Outperform	¥5.26B	27.15	―	1.61%	7.03%	1.01%
3988	68 Neutral	¥5.84B	14.48	―	1.23%	11.62%	-16.59%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
5250	60 Neutral	¥4.17B	38.82	―	1.74%	―	―
4261	57 Neutral	¥5.68B	19.47	―	―	27.60%	-15.54%
4316	55 Neutral	¥4.49B	-21.89	―	―	11.96%	-453.36%
5026	46 Neutral	¥6.03B	-16.65	―	―	29.55%	-500.01%