YMIRLINK,Inc. (4372) AI Stock Analysis

• Market Cap: ¥4.34B
• Dividend Yield: 1.28%
• Average Volume (3M): 1.32K
• Price to Earnings (P/E): 12.0
• Beta (1Y): -0.09
• Revenue Growth: 13.05%
• EPS Growth: 3.18%
• Country: JP
• Employees: 133
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 14.53
• Shares Outstanding: 3,892,600
• 10 Day Avg. Volume: 1,540
• 30 Day Avg. Volume: 1,320
• PEG Ratio: -0.66
• Price to Book (P/B): 1.81
• Price to Sales (P/S): 1.78
• P/FCF Ratio: 16.94
• 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: 64 Neutral
• Price Target: ¥1,262.00 ▼(-11.25% Downside)
• Action: Downgraded Date: 02/18/26
• Date: Action: Downgraded 02/18/26

Financial fundamentals are solid (steady growth, strong profitability, and near-zero leverage), but the overall score is pulled down meaningfully by weak technicals (deep downtrend and very low RSI). Valuation is supportive with a modest P/E and dividend yield, partially offsetting the negative momentum.

Positive Factors

Conservative Balance Sheet

Near-zero debt and steadily expanding equity provide durable financial flexibility. This reduces default and refinancing risk, enables self-funded organic investment or M&A, and supports capital returns without relying on external financing, benefiting operations over the next 2–6 months.

Consistent Revenue Growth

Multi-year, steady top-line expansion indicates durable product-market fit and expanding market penetration. A larger revenue base supports operating leverage and investment capacity, making near-term revenue continuity and scale benefits likely to persist over the medium term.

Positive Cash Generation

Consistent positive operating and free cash flow underpin the firm's ability to fund operations, R&D, and dividends internally. Even with some 2025 weakening, persistent cash generation sustains capital allocation choices and reduces reliance on external funding over the coming months.

Negative Factors

Margin Compression

A sizable decline in net margin in 2025 despite revenue growth signals rising cost pressures or less favorable operating mix. If persistent, lower margins will reduce free cash flow potential and ROE, constraining long-term reinvestment and shareholder returns over the medium term.

Weaker Cash Conversion

Lower cash conversion indicates working-capital strain or elevated investments that erode cash available for discretionary uses. If structural, this reduces margin of safety for dividends, buybacks, or opportunistic M&A, and can pressure liquidity management in the coming months.

Earnings/ROE Erosion

A sharp EPS decline and easing ROE point to weakening profitability quality. Persistent EPS and return-on-equity deterioration can limit strategic flexibility, make it harder to justify reinvestment, and erode long-term shareholder value if trends continue beyond the next quarter.

YMIRLINK,Inc. Business Overview & Revenue Model

Company Description

YMIRLINK,Inc. engages in messaging solution business. The company provides cloud services to support marketing and communication, such as transmission, collection, and analysis of information using the internet. It offers Cuenote FC, a mail delivery system; Cuenote SR-S, a mail relay server; Cuenote Survey, a web questionnaire form system; Cuenote SMS, a short message delivery service; Cuenote, a safety confirmation service; and Cuenote Auth, a multi-step authentication service. The company was incorporated in 1999 and is headquartered in Tokyo, Japan. YMIRLINK,Inc. is a subsidiary of Itec Hankyu Hanshin Co., Ltd.

How the Company Makes Money

YMIRLINK, Inc. generates revenue through the sale of its proprietary email distribution software and related services. The company's core revenue streams include licensing fees for its software products, subscription fees for ongoing support and updates, and consulting services to help businesses optimize their communication strategies. Additionally, YMIRLINK may engage in strategic partnerships with other technology firms to expand its service offerings and reach new markets, thereby contributing to its overall earnings.

YMIRLINK,Inc. Financial Statement Overview

Summary

Consistent revenue growth and strong operating profitability, supported by a very conservative balance sheet (near-zero debt). Score is tempered by 2025 margin compression (lower net margin and net income decline) and weaker cash conversion versus 2023–2024.

Income Statement

Revenue has grown consistently from 2020 to 2025 (from ~¥1.63B to ~¥3.05B), with 2025 showing solid growth (+7.8% YoY). Profitability remains strong for the sector, with 2025 gross margin ~65% and EBIT margin ~22%. However, margins have trended down versus 2023–2024 (net margin fell to ~11.9% in 2025 from ~17.6% in 2024), and net income declined in 2025 despite higher revenue, suggesting higher costs and/or non-operating headwinds.

Balance Sheet

The balance sheet looks very conservative: total debt is effectively zero in most years (and minimal even in 2024), resulting in near-zero leverage (debt-to-equity ~0.0–0.02x). Equity has expanded steadily alongside asset growth, indicating internally funded expansion and financial flexibility. The main drawback is that profitability on equity has eased recently (ROE was strongest in 2020–2022, lower in 2023–2024), but overall balance-sheet risk appears low.

Cash Flow

Cash generation is positive with operating cash flow and free cash flow in every year shown. That said, cash conversion weakened in 2025: operating cash flow was below net income (coverage ~0.87x) and free cash flow was a more modest share of earnings (~0.64x), both down from 2023–2024. Free cash flow also declined in 2025 versus 2024, pointing to higher working-capital needs and/or increased investment levels, even as the business remains cash-flow positive.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.83B	3.05B	2.67B	2.31B	2.18B	1.93B
Gross Profit	1.89B	1.99B	1.80B	1.59B	1.46B	1.31B
EBITDA	716.38M	809.91M	719.61M	675.52M	598.32M	485.17M
Net Income	446.15M	362.64M	469.68M	409.00M	359.40M	286.92M
Balance Sheet
Total Assets	3.29B	3.58B	3.44B	2.78B	2.38B	2.10B
Cash, Cash Equivalents and Short-Term Investments	2.28B	2.58B	2.54B	2.09B	1.72B	1.51B
Total Debt	0.00	0.00	59.08M	0.00	0.00	0.00
Total Liabilities	465.79M	575.60M	588.38M	406.00M	440.19M	402.56M
Stockholders Equity	2.83B	3.00B	2.85B	2.37B	1.94B	1.70B
Cash Flow
Free Cash Flow	0.00	320.65M	508.46M	368.00M	326.71M	268.62M
Operating Cash Flow	0.00	502.17M	601.38M	458.00M	444.47M	341.54M
Investing Cash Flow	0.00	-191.71M	-150.07M	-90.00M	-117.76M	687.84M
Financing Cash Flow	0.00	-269.83M	0.00	0.00	-118.70M	294.98M

YMIRLINK,Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1422.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4372, the sentiment is Negative. The current price of 1422 is above the 20-day moving average (MA) of 1293.55, above the 50-day MA of 1369.16, and below the 200-day MA of 1424.02, indicating a bearish trend. The MACD of -74.26 indicates Positive momentum. The RSI at 15.84 is Positive, neither overbought nor oversold. The STOCH value of 9.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4372.

YMIRLINK,Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4429	73 Outperform	¥4.32B	13.21	―	―	―	―
4075	67 Neutral	¥4.93B	29.16	―	―	28.63%	551.37%
3917	66 Neutral	¥4.89B	7.98	―	―	7.40%	―
5033	66 Neutral	¥4.93B	13.38	―	―	7.60%	19.13%
4372	64 Neutral	¥4.34B	11.97	―	1.28%	13.05%	3.18%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
4484	55 Neutral	¥5.10B	26.11	―	―	4.36%	-0.02%

YMIRLINK,Inc. Corporate Events

YMIRLINK, Inc. Reports Solid Financial Performance for First Nine Months of 2025

YMIRLINK, Inc. reported its consolidated financial results for the first nine months of the fiscal year ending December 31, 2025, showing net sales of 2,236 million yen and a profit attributable to owners of the parent at 306 million yen. The company has demonstrated a strong equity-to-asset ratio of 85.0% as of September 30, 2025, indicating a solid financial position. The announcement reflects YMIRLINK’s stable performance and strategic financial management, which could positively impact its market positioning and stakeholder confidence.