BPLATS,Inc. (JP:4381)
:4381
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BPLATS,Inc.
(4381)
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Rating:41Neutral
Price Target:
¥247.00
▼(-54.26% Downside)
Action:Reiterated
Date:06/10/26
The score is held down primarily by severe profitability weakness and balance-sheet risk (negative equity, high leverage), reinforced by strongly bearish technicals (price far below major moving averages and very low RSI). Improved operating/free cash flow is a partial offset, while valuation is difficult to assess given negative earnings and no dividend data.
Positive Factors
Recurring SaaS Business Model
A pure SaaS subscription model creates recurring, contractable revenue and higher customer lifetime value versus one-off sales. This structural revenue base supports predictable cash flows, easier upsell/cross-sell, and long-term customer relationships that underpin durable revenue stability.
Negative Factors
Severe Net Losses
Very large net losses indicate earnings are being eroded by non-operating charges or large costs beyond core margins. Persistent large losses reduce retained capital, hinder reinvestment, and make it difficult to restore shareholder equity absent sustained margin recovery or external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring SaaS Business Model
A pure SaaS subscription model creates recurring, contractable revenue and higher customer lifetime value versus one-off sales. This structural revenue base supports predictable cash flows, easier upsell/cross-sell, and long-term customer relationships that underpin durable revenue stability.
Read all positive factors
BPLATS,Inc. (4381) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥707.38M
Dividend YieldN/A
Average Volume (3M)13.42K
Price to Earnings (P/E)―
Beta (1Y)0.68
Revenue Growth2.96%
EPS Growth-197.35%
CountryJP
Employees66
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-99.78
Shares Outstanding2,911,799
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
BPLATS, Inc. generates revenue primarily through software-as-a-service (SaaS) subscription fees for its cloud-based subscription management platform. Businesses pay recurring fees to use the company's solutions, which allow them to manage their su...
BPLATS,Inc. Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
18
Very Negative
Cash Flow
56
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 693.32M | 727.16M | 706.26M | 897.96M | 945.17M | 808.72M |
| Gross Profit | 209.17M | 283.04M | 155.80M | 338.36M | 583.57M | 431.04M |
| EBITDA | 101.48M | 145.94M | 43.18M | 108.43M | 304.34M | 253.61M |
| Net Income | -245.36M | -925.58M | -298.07M | -98.01M | 182.90M | 10.88M |
Balance Sheet | ||||||
| Total Assets | 1.17B | 410.80M | 1.09B | 1.37B | 1.35B | 964.77M |
| Cash, Cash Equivalents and Short-Term Investments | 193.35M | 291.60M | 68.06M | 232.21M | 350.06M | 246.11M |
| Total Debt | 821.49M | 706.91M | 696.73M | 627.49M | 544.96M | 423.03M |
| Total Liabilities | 924.90M | 858.05M | 803.25M | 805.52M | 711.05M | 524.13M |
| Stockholders Equity | 242.76M | -447.25M | 284.50M | 562.30M | 634.63M | 435.44M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 200.06M | 39.53M | 112.08M | 324.76M | 195.59M |
| Operating Cash Flow | 0.00 | 200.06M | 48.09M | 116.98M | 332.95M | 202.97M |
| Investing Cash Flow | 0.00 | -166.30M | -291.80M | -321.08M | -353.34M | -300.54M |
| Financing Cash Flow | 0.00 | 189.78M | 79.55M | 86.26M | 124.34M | 60.02M |
BPLATS,Inc. Technical Analysis
Negative
540.00
Price Trends
362.84
Negative
458.99
Negative
502.63
Negative
Market Momentum
-38.93
Positive
15.95
Positive
11.10
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4381, the sentiment is Negative. The current price of 540 is above the 20-day moving average (MA) of 309.95, above the 50-day MA of 362.84, and above the 200-day MA of 502.63, indicating a bearish trend. The MACD of -38.93 indicates Positive momentum. The RSI at 15.95 is Positive, neither overbought nor oversold. The STOCH value of 11.10 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4381.
BPLATS,Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | ¥31.13B | 15.00 | ― | ― | 32.07% | 349.54% | |
63 Neutral | ¥4.62B | 26.37 | ― | ― | 6.84% | -67.48% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ¥5.93B | 13.72 | ― | ― | 18.87% | ― | |
57 Neutral | ¥4.22B | 45.87 | ― | ― | 18.48% | -48.49% | |
56 Neutral | ¥3.81B | 17.25 | ― | ― | 21.37% | 30.42% | |
41 Neutral | ¥707.38M | -0.67 | ― | ― | 2.96% | -197.35% |
* Technology 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.