BPLATS,Inc. (4381) AI Stock Analysis

• Market Cap: ¥1.42B
• Dividend Yield: N/A
• Average Volume (3M): 13.42K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.58
• Revenue Growth: -14.58%
• EPS Growth: 54.57%
• Country: JP
• Employees: 66
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -17.53
• Shares Outstanding: 2,609,559
• 10 Day Avg. Volume: 13,960
• 30 Day Avg. Volume: 13,420
• PEG Ratio: -0.02
• Price to Book (P/B): 4.08
• Price to Sales (P/S): 1.64
• P/FCF Ratio: 29.38
• 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: 54 Neutral
• Price Target: ¥545.00 ▲(0.93% Upside)

The overall stock score of 54 reflects significant financial challenges, including declining revenues and profitability, high leverage, and cash flow difficulties. However, positive technical indicators suggest some market optimism, which partially offsets the financial concerns. Valuation remains a concern due to negative profitability metrics.

Positive Factors

Recurring revenue model

A subscription-heavy revenue model creates predictable, recurring cash flows and stronger customer retention versus one-off sales. Over 2–6 months this supports stable topline visibility, easier capacity planning, and opportunities to expand ARPU via add-on modules or consulting engagements.

Vertical specialization in logistics

Deep focus on logistics and supply-chain software builds domain expertise and tailored product-market fit. This raises switching costs and enables differentiated analytics/automation features, supporting sustainable competitive advantage and easier go-to-market with industry partners over the medium term.

Operational cash generation despite losses

Positive operating cash flow relative to accounting losses indicates the core business can generate cash from operations. This provides runway to fund near-term restructuring or product investment, making liquidity management less reliant on external financing in the coming months.

Negative Factors

Declining revenue trend

A sustained revenue decline erodes scale economies and undermines recurring revenue durability. Over several quarters this reduces ability to invest in product development and sales, raises per-customer CAC, and makes achieving margin recovery and profitable growth materially harder.

High leverage and weak shareholder returns

Elevated leverage increases interest burden and reduces financial flexibility for R&D or M&A. Combined with very negative ROE, it signals that capital deployed is not generating returns, raising solvency and refinancing risk if operating performance doesn't stabilize over the medium term.

Negative margins and free cash flow pressure

Negative profitability and deteriorating free cash flow constrain internal funding for growth and force reliance on external capital. Persisting margin deficits reduce resilience to market shocks and make it harder to scale sales and product investments sustainably over the next several quarters.

BPLATS,Inc. Business Overview & Revenue Model

Company Description

BPLATS, Inc. (4381) is a technology-driven company specializing in providing advanced business process management solutions primarily to enterprises in the logistics and supply chain sectors. The company focuses on optimizing operational efficiency through its suite of software products, which include data analytics tools, automation solutions, and integrated platform services designed to streamline workflows and enhance decision-making processes.

How the Company Makes Money

BPLATS, Inc. generates revenue through multiple streams, primarily by offering subscription-based software services and licensing fees for its proprietary technology. The company charges clients on a recurring basis for access to its platforms, which provide essential tools for managing logistics operations. Additionally, BPLATS earns revenue from consulting services aimed at implementing and customizing its solutions for specific client needs. Key partnerships with major logistics firms and industry leaders further enhance its market presence, allowing for collaborative projects that can lead to increased sales and opportunities for revenue growth.

BPLATS,Inc. Financial Statement Overview

Summary

BPLATS, Inc. faces significant financial challenges, including declining revenues, negative profitability, high leverage, and cash flow difficulties. Despite some periods of operational improvement, the recent trajectory indicates financial instability and potential risks.

Income Statement

BPLATS, Inc. has experienced declining revenues with a negative revenue growth rate of -21.34% in the most recent year. The company posted negative net income margins and EBIT margins, indicating operational challenges. Despite this, the company previously had periods of profitability, but the recent trend shows deteriorating financial health in terms of revenue and profitability.

Balance Sheet

The company's balance sheet shows a high debt-to-equity ratio of 2.45, reflecting significant leverage. The equity ratio is moderate at 26.16%, suggesting a reasonable portion of assets funded by equity. However, the negative return on equity of -104.77% underscores the recent poor financial performance and return to shareholders, indicating potential risks in financial stability.

Cash Flow

Operating cash flow decreased significantly, with a negative free cash flow growth rate. The operating cash flow to net income ratio is positive, highlighting cash generation despite net losses. However, the struggles with negative free cash flow in previous years highlight liquidity challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	692.40M	706.26M	897.96M	945.17M	808.72M	754.74M
Gross Profit	208.99M	155.80M	338.36M	583.57M	431.04M	431.00M
EBITDA	31.95M	-20.69M	121.58M	305.37M	253.96M	249.99M
Net Income	-245.59M	-298.07M	-98.01M	182.90M	10.88M	30.95M
Balance Sheet
Total Assets	1.17B	1.09B	1.37B	1.35B	964.47M	940.81M
Cash, Cash Equivalents and Short-Term Investments	193.00M	68.06M	232.21M	350.06M	246.11M	283.67M
Total Debt	821.00M	696.73M	627.49M	544.96M	423.03M	369.98M
Total Liabilities	925.00M	803.04M	805.28M	710.78M	523.83M	536.31M
Stockholders Equity	242.00M	284.50M	562.30M	634.63M	435.44M	398.66M
Cash Flow
Free Cash Flow	0.00	39.53M	-214.64M	29.61M	-97.58M	46.00M
Operating Cash Flow	0.00	48.09M	116.98M	332.95M	202.97M	266.24M
Investing Cash Flow	0.00	-291.80M	-321.08M	-353.34M	-300.54M	-220.24M
Financing Cash Flow	0.00	79.55M	86.26M	124.34M	60.02M	-51.86M

BPLATS,Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 540.00
• 50DMA: Positive
• 100DMA: Negative
• 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:4381, the sentiment is Positive. The current price of 540 is above the 20-day moving average (MA) of 514.95, below the 50-day MA of 544.78, and above the 200-day MA of 505.61, indicating a bullish trend. The MACD of -0.97 indicates Negative momentum. The RSI at 57.03 is Neutral, neither overbought nor oversold. The STOCH value of 74.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4381.

BPLATS,Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3913	75 Outperform	¥3.36B	17.25	―	―	14.42%	3652.58%
4020	64 Neutral	¥1.68B	-49.67	―	―	3.27%	-141.89%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
4255	59 Neutral	¥4.68B	24.32	―	―	12.56%	―
4381	54 Neutral	¥1.42B	-8.38	―	―	-14.58%	54.57%
3787	50 Neutral	¥1.52B	-9.31	―	―	-1.34%	17.01%
4179	48 Neutral	¥1.87B	-12.64	―	―	30.10%	40.65%