Smaregi, Inc. (JP:4431)
:4431
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Smaregi, Inc.
(4431)
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Rating:71Outperform
Price Target:
¥2,813.00
▼(-7.92% Downside)
Action:ReiteratedDate:03/17/26
The score is primarily supported by strong financial fundamentals (fast growth, solid margins, high ROE, and minimal leverage). This is offset by weak technical conditions (price below key moving averages with negative MACD), while valuation is reasonable but not especially compelling given the low dividend yield.
Positive Factors
Recurring revenue model
Smaregi's core business is a cloud POS platform sold largely via recurring fees, creating predictable subscription revenue and customer lock-in. This durable model supports steady cash inflows, higher lifetime value, and scalable margins as revenue grows, aiding multi‑period reinvestment and planning.
Negative Factors
Margin variability risk
Although margins are currently strong, historical variability suggests profitability is sensitive to cost pressures or growth investments. That undermines predictability of long‑term cash flows and could compress free cash flow if Smaregi ramps spending or faces pricing pressure in its merchant markets.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring revenue model
Smaregi's core business is a cloud POS platform sold largely via recurring fees, creating predictable subscription revenue and customer lock-in. This durable model supports steady cash inflows, higher lifetime value, and scalable margins as revenue grows, aiding multi‑period reinvestment and planning.
Read all positive factors
Smaregi, Inc. (4431) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥49.81B
Dividend Yield0.52%
Average Volume (3M)65.61K
Price to Earnings (P/E)20.5
Beta (1Y)0.85
Revenue Growth26.98%
EPS Growth19.69%
CountryJP
Employees210
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)N/A
Shares Outstanding19,693,800
10 Day Avg. Volume80,770
30 Day Avg. Volume65,606
Financial Highlights & Ratios
PEG Ratio1.06
Price to Book (P/B)7.90
Price to Sales (P/S)5.47
P/FCF Ratio33.82
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
Smaregi, Inc. Business Overview & Revenue Model
Company Description
Smaregi, Inc. plans, designs, develops, and provides Web services. The company also offers Smaregi, a cloud type POS cash register system; Smaregi Waiter, an order management system that uses smartphones; and Smaregi - Time Card, a cloud-based att...
How the Company Makes Money
Smaregi makes money primarily by providing its POS platform and related services to merchants, with revenue generated from (1) recurring fees for access to its cloud POS software and associated services, and (2) sales of related products and servi...
Smaregi, Inc. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
93
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.20B | 11.07B | 8.39B | 5.91B | 4.30B | 3.32B |
| Gross Profit | 3.87B | 6.76B | 5.20B | 3.57B | 2.64B | 2.06B |
| EBITDA | 1.36B | 2.72B | 1.95B | 1.11B | 744.93M | 969.56M |
| Net Income | 779.09M | 1.64B | 1.21B | 887.60M | 444.98M | 583.92M |
Balance Sheet | ||||||
| Total Assets | 10.59B | 10.75B | 7.96B | 6.18B | 5.20B | 4.51B |
| Cash, Cash Equivalents and Short-Term Investments | 5.50B | 5.91B | 5.28B | 3.96B | 3.51B | 3.61B |
| Total Debt | 100.00M | 100.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.84B | 3.08B | 1.99B | 1.50B | 1.00B | 837.54M |
| Stockholders Equity | 7.76B | 7.67B | 5.97B | 4.68B | 4.20B | 3.68B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.79B | 1.35B | 806.71M | 116.59M | 672.99M |
| Operating Cash Flow | 0.00 | 2.47B | 1.71B | 986.44M | 222.99M | 772.77M |
| Investing Cash Flow | 0.00 | -1.92B | -393.08M | -310.73M | -84.51M | -103.03M |
| Financing Cash Flow | 0.00 | 82.22M | 8.84M | -447.94M | 17.21M | -228.70M |
Smaregi, Inc. Technical Analysis
Neutral
3055.00
Price Trends
2320.20
Positive
2629.03
Negative
2882.34
Negative
Market Momentum
27.01
Negative
65.20
Neutral
95.08
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4431, the sentiment is Neutral. The current price of 3055 is above the 20-day moving average (MA) of 2247.75, above the 50-day MA of 2320.20, and above the 200-day MA of 2882.34, indicating a neutral trend. The MACD of 27.01 indicates Negative momentum. The RSI at 65.20 is Neutral, neither overbought nor oversold. The STOCH value of 95.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:4431.
Smaregi, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥8.69B | 23.83 | ― | 0.47% | 19.35% | 71.74% | |
71 Outperform | ¥49.81B | 20.49 | ― | 0.52% | 26.98% | 19.69% | |
71 Outperform | ¥6.92B | 15.28 | ― | 1.18% | 6.95% | -9.62% | |
71 Outperform | ¥5.34B | 12.30 | ― | 2.50% | 4.29% | -42.71% | |
65 Neutral | ¥10.11B | 13.23 | ― | 2.16% | 2.75% | 25.24% | |
64 Neutral | ¥656.11B | 35.93 | 20.54% | 1.47% | 11.81% | 16.69% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
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Smaregi, Inc. Corporate Events
Smaregi Starts Preparations to Seek Upgrade to TSE Prime Market
Mar 13, 2026
Smaregi, Inc. has announced that it will begin preparing an application to move its stock listing from the Tokyo Stock Exchange Growth Market to the Prime Market. The company aims to leverage this potential upgrade to support medium- to long-term ...
Smaregi Cuts Sales Outlook but Keeps Profits Steady as Subscription Shift Accelerates
Mar 13, 2026
Smaregi, Inc. has revised its consolidated earnings forecast for the fiscal year ending April 30, 2026, lowering projected net sales to ¥13,149 million from ¥13,859 million while maintaining forecasts for operating profit, ordinary profi...
Smaregi Delivers Double-Digit Profit Growth and Lifts Full-Year Outlook
Mar 13, 2026
Smaregi reported strong growth for the nine months ended Jan. 31, 2026, with net sales rising 22.1% year on year to ¥9.62 billion and profit attributable to owners of parent up 25.2% to ¥1.53 billion. Earnings per share also improved, re...
Smaregi to Absorb E-Commerce Subsidiary Netshop Supporters in May 2026
Feb 13, 2026
Smaregi, Inc. will merge with its wholly owned subsidiary Netshop Supporters Co., Ltd. on May 1, 2026, in an absorption-type transaction with Smaregi as the surviving company. The move follows Smaregi’s 2024 acquisition of Netshop Supporters...
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.