ROBOT PAYMENT INC. (4374) AI Stock Analysis

• Market Cap: ¥9.59B
• Dividend Yield: 0.47%
• Average Volume (3M): 23.17K
• Price to Earnings (P/E): 19.2
• Beta (1Y): 0.93
• Revenue Growth: 19.35%
• EPS Growth: 71.74%
• Country: JP
• Employees: 128
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 42.73
• Shares Outstanding: 3,815,994
• 10 Day Avg. Volume: 20,320
• 30 Day Avg. Volume: 23,173
• PEG Ratio: 0.25
• Price to Book (P/B): 8.22
• Price to Sales (P/S): 3.41
• P/FCF Ratio: 16.85
• 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: 71 Outperform
• Price Target: ¥2,776.00 ▼(-7.93% Downside)

The score is driven primarily by strong financial performance—especially the very conservative balance sheet and improved 2024 profitability—tempered by historically inconsistent earnings and cash-flow conversion. Technicals are neutral with limited momentum, and valuation appears moderate with a low dividend yield.

Positive Factors

Conservative balance sheet

Near-zero debt and a materially stronger equity base materially reduce financial risk and increase resilience to downturns. This conservative capital structure preserves optionality for strategic investment or M&A and supports steady funding of growth without leverage-related constraints.

High and improving profitability

Very high gross margin and meaningful operating/net margins indicate a scalable, high-margin software-infrastructure model with durable pricing power. Sustained margins support reinvestment, buffer against cost shocks, and underpin long-term cash generation if operational execution remains consistent.

Sustained revenue scaling

Multi-year revenue expansion and pronounced 2024 acceleration reflect scalable demand and product-market fit. A growing top line enables operating leverage, supports margin maintenance, and provides a larger base for future profitability and investment in product and sales channels.

Negative Factors

Earnings volatility and past losses

Historic swings to loss years demonstrate earnings are not yet fully stable, increasing forecasting risk and potentially constraining strategic planning. Persistent volatility can impair stakeholder confidence and makes reliable long-term capital allocation and dividend/return policies harder to sustain.

Inconsistent cash-flow conversion

Cash generation improved in 2024 but has been choppy historically, reducing predictability of internal funding. Modest OCF relative to revenue (~12% in 2024) and prior negative years mean investment, debt service, or shareholder returns could be constrained if cash conversion weakens again.

ROE and equity base volatility

Large swings in ROE driven by changing equity levels signal that returns may be influenced by balance-sheet effects rather than steady operational improvement. This volatility complicates assessment of sustainable profitability and can mask underlying operational performance trends.

ROBOT PAYMENT INC. Business Overview & Revenue Model

Company Description

ROBOT PAYMENT Inc., a subscription payment company, engages in the financial cloud and payment business in Japan. It offers online payment processing services to merchants with a unified point of contact with payment providers and a collective payment method as an online payment gateway; and accounting DX services that streamlines and automates billing, collection, invoicing, and reminders. The company was incorporated in 2000 and is based in Tokyo, Japan.

How the Company Makes Money

ROBOT PAYMENT INC. generates revenue primarily through transaction fees and service charges associated with its payment processing solutions. The company earns money by charging merchants a percentage of each transaction processed through its platform, as well as fixed fees for additional services such as recurring billing and electronic invoicing. Additionally, partnerships with financial institutions and technology providers may contribute to its earnings by expanding its market reach and enhancing service offerings. ROBOT PAYMENT INC. may also offer subscription-based models for some of its services, providing a steady stream of recurring revenue.

ROBOT PAYMENT INC. Financial Statement Overview

Summary

Strong overall fundamentals led by an excellent balance sheet (near-zero debt, stronger equity base, solid 2024 ROE) and improved 2024 profitability (high gross margin and better operating/net margins). The main constraint is historical volatility in earnings and cash flow (loss years and choppy operating/free cash flow), which reduces confidence in durability.

Income Statement

Revenue scaled meaningfully from 2019 to 2024, with 2024 showing strong acceleration (about +5.0x growth rate as provided) and clear profitability improvement versus the 2022 loss year. Profitability is currently healthy: 2024 gross margin ~90%, operating margin ~17%, and net margin ~12%—all materially better than 2023. The main weakness is earnings consistency over time (losses in 2019 and 2022), suggesting the model has had periods of volatility despite strong recent momentum.

Balance Sheet

The balance sheet is very conservatively positioned: total debt is effectively zero in 2024, and debt-to-equity has trended down to 0.0 from higher levels in earlier years, reducing financial risk. Equity has grown substantially versus prior years, supporting a stronger capital base. Return on equity is solid in 2024 (~28%), but it has also been volatile historically (negative in 2022 and extreme in 2019 due to very low equity), which is the key watch-out despite the current strength.

Cash Flow

Cash generation is positive in 2024 with operating cash flow (~¥639M) and free cash flow (~¥559M), and free cash flow is reasonably aligned with net income (free cash flow to net income ~0.88). However, cash flow has been choppy across years (notably negative operating and free cash flow in 2020 and 2022), and operating cash flow relative to revenue is modest in recent years (about 12% in 2024). Overall, the business can generate cash, but the consistency and durability of that cash generation is less proven than profitability and balance sheet strength.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.02B	2.76B	2.21B	1.73B	1.39B	1.08B
Gross Profit	2.73B	2.49B	1.98B	1.53B	1.26B	997.50M
EBITDA	767.26M	617.86M	349.18M	32.87M	259.26M	98.33M
Net Income	428.28M	320.76M	148.18M	-29.52M	135.25M	109.53M
Balance Sheet
Total Assets	7.47B	6.61B	5.72B	4.64B	4.92B	3.74B
Cash, Cash Equivalents and Short-Term Investments	6.10B	3.88B	3.33B	2.73B	3.57B	2.48B
Total Debt	0.00	0.00	6.07M	38.31M	70.63M	124.60M
Total Liabilities	6.42B	5.46B	4.94B	4.09B	4.33B	3.48B
Stockholders Equity	1.05B	1.15B	775.82M	554.83M	590.26M	267.74M
Cash Flow
Free Cash Flow	0.00	559.18M	629.03M	-800.56M	906.24M	-1.03B
Operating Cash Flow	0.00	638.56M	760.93M	-631.44M	1.02B	-876.27M
Investing Cash Flow	0.00	-82.28M	-131.88M	-169.12M	-114.45M	-147.34M
Financing Cash Flow	0.00	-5.38M	-30.77M	-31.92M	185.32M	10.27M

ROBOT PAYMENT INC. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 3015.00
• 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:4374, the sentiment is Negative. The current price of 3015 is above the 20-day moving average (MA) of 2709.35, above the 50-day MA of 2889.00, and above the 200-day MA of 2708.62, indicating a bearish trend. The MACD of -105.89 indicates Positive momentum. The RSI at 25.09 is Positive, neither overbought nor oversold. The STOCH value of 4.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4374.

ROBOT PAYMENT INC. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3633	76 Outperform	¥10.92B	13.55	―	2.16%	2.75%	25.24%
3623	73 Outperform	¥6.24B	15.75	―	1.18%	6.95%	-9.62%
4374	71 Outperform	¥9.59B	19.18	―	0.47%	19.35%	71.74%
4430	71 Outperform	¥9.53B	10.26	―	3.06%	27.08%	18.85%
4496	70 Outperform	¥5.59B	32.24	―	2.50%	4.29%	-42.71%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
5129	42 Neutral	¥5.61B	-2.24	―	―	-38.47%	-1453.85%