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BPLATS,Inc.
(4381)
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Rating:43Neutral
Price Target:
¥301.00
▼(-44.26% Downside)
Action:Upgraded
Date:07/11/26
The score is primarily constrained by weak financial quality—very large net losses and negative equity create elevated balance-sheet risk—despite improved cash generation. Technicals also remain broadly bearish with price below longer-term averages and negative MACD, while valuation offers limited support due to negative earnings and no indicated dividend yield.
Positive Factors
Improved cash generation
Sustained operating and free cash flow of ~200M indicates the business can generate meaningful internal liquidity despite losses. Durable cash generation supports operations, potential deleveraging or strategic reinvestment and reduces near-term funding pressure versus solely equity/debt raises.
Negative Factors
Negative equity and high leverage
Negative equity and substantial debt materially weaken solvency and constrain financial flexibility. This structural balance‑sheet impairment limits access to capital, raises refinancing risk, and increases the chance management must pursue dilutive equity or costly debt, impairing long‑term stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
Sustained operating and free cash flow of ~200M indicates the business can generate meaningful internal liquidity despite losses. Durable cash generation supports operations, potential deleveraging or strategic reinvestment and reduces near-term funding pressure versus solely equity/debt raises.
Read all positive factors
BPLATS,Inc. (4381) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥935.29M
Dividend YieldN/A
Average Volume (3M)13.42K
Price to Earnings (P/E)―
Beta (1Y)0.65
Revenue Growth2.96%
EPS Growth-166.64%
CountryJP
Employees43
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)-361.82
Shares Outstanding2,998,499
10 Day Avg. Volume13,960
30 Day Avg. Volume13,420
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)-2.46
Price to Sales (P/S)1.51
P/FCF Ratio5.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
BPLATS,Inc. Business Overview & Revenue Model
Company Description
Operating within Japan and across international markets, BPLATS,Inc. specializes in providing subscription-based solutions. A central component of its offerings is the Bplats platform, a comprehensive ecosystem designed to connect suppliers with s...
How the Company Makes Money
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BPLATS,Inc. Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
18
Very Negative
Cash Flow
56
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 727.16M | 706.26M | 897.96M | 945.17M | 808.72M |
| Gross Profit | 283.04M | 155.80M | 338.36M | 583.57M | 431.04M |
| EBITDA | 145.94M | 43.18M | 108.43M | 304.34M | 253.61M |
| Net Income | -925.58M | -298.07M | -98.01M | 182.90M | 10.88M |
Balance Sheet | |||||
| Total Assets | 410.80M | 1.09B | 1.37B | 1.35B | 964.77M |
| Cash, Cash Equivalents and Short-Term Investments | 291.60M | 68.06M | 232.21M | 350.06M | 246.11M |
| Total Debt | 706.91M | 696.73M | 627.49M | 544.96M | 423.03M |
| Total Liabilities | 858.05M | 803.25M | 805.52M | 711.05M | 524.13M |
| Stockholders Equity | -447.25M | 284.50M | 562.30M | 634.63M | 435.44M |
Cash Flow | |||||
| Free Cash Flow | 200.06M | 39.53M | 112.08M | 324.76M | 195.59M |
| Operating Cash Flow | 200.06M | 48.09M | 116.98M | 332.95M | 202.97M |
| Investing Cash Flow | -166.30M | -291.80M | -321.08M | -353.34M | -300.54M |
| Financing Cash Flow | 189.78M | 79.55M | 86.26M | 124.34M | 60.02M |
BPLATS,Inc. Technical Analysis
Positive
540.00
Price Trends
287.26
Positive
389.11
Negative
472.89
Negative
Market Momentum
-17.12
Negative
69.40
Neutral
86.67
Negative
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 214.35, above the 50-day MA of 287.26, and above the 200-day MA of 472.89, indicating a neutral trend. The MACD of -17.12 indicates Negative momentum. The RSI at 69.40 is Neutral, neither overbought nor oversold. The STOCH value of 86.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4381.
BPLATS,Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥5.83B | 32.43 | ― | ― | 6.84% | -67.70% | |
64 Neutral | ¥34.55B | 16.69 | ― | ― | 32.07% | 349.54% | |
60 Neutral | ¥6.51B | 15.67 | ― | ― | 18.87% | ― | |
57 Neutral | ¥4.53B | 49.64 | ― | ― | 18.48% | -48.49% | |
56 Neutral | ¥4.00B | 18.14 | ― | ― | 21.37% | 30.42% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
43 Neutral | ¥935.29M | -0.86 | ― | ― | 2.96% | -166.64% |
* General Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.