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Smaregi, Inc.
(4431)
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Rating:78Outperform
Price Target:
¥3,424.00
▲(12.08% Upside)
Action:Reiterated
Date:06/13/26
The score is driven primarily by strong financial performance (high growth and profitability with a very low-debt balance sheet), partially offset by only moderate technical strength given the stock remains well below its 200-day average. Valuation is reasonable with a modest dividend yield, contributing a supportive but not standout impact.
Positive Factors
Recurring SaaS revenue model
Smaregi’s core cloud POS subscription model produces recurring revenue and strong customer retention potential, aligning incentives toward long-term account expansion and stable cash inflows. This durable SaaS backbone supports predictable revenue and scalable unit economics as customers adopt add-on modules.
Negative Factors
Cash conversion variability
Intermittent operating cash flow trailing net income indicates working-capital or timing variability that can strain near-term liquidity and complicate forecasting. Over multiple periods this can increase free cash flow volatility and reduce the reliability of internally funded investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring SaaS revenue model
Smaregi’s core cloud POS subscription model produces recurring revenue and strong customer retention potential, aligning incentives toward long-term account expansion and stable cash inflows. This durable SaaS backbone supports predictable revenue and scalable unit economics as customers adopt add-on modules.
Read all positive factors
Smaregi, Inc. (4431) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥56.74B
Dividend Yield0.52%
Average Volume (3M)65.61K
Price to Earnings (P/E)25.9
Beta (1Y)0.66
Revenue Growth20.60%
EPS Growth35.88%
CountryJP
Employees435
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)115.72
Shares Outstanding19,693,800
10 Day Avg. Volume80,770
30 Day Avg. Volume65,606
Financial Highlights & Ratios
PEG Ratio0.58
Price to Book (P/B)4.79
Price to Sales (P/S)3.45
P/FCF Ratio16.81
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)128.9
Revenue Forecast (FY)¥15.80B
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 Techfirm (SES), provides training activities such as education and support at Sumaregi; PAYGATE, a c...
How the Company Makes Money
Smaregi primarily earns revenue by providing its cloud POS and related operational software as a service. The core revenue stream is recurring fees from merchants that subscribe to use the Smaregi platform and its paid feature tiers/modules (e.g.,...
Smaregi, Inc. Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
96
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Apr 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 13.35B | 11.07B | 8.39B | 5.91B | 4.30B |
| Gross Profit | 8.77B | 6.76B | 5.20B | 3.57B | 2.64B |
| EBITDA | 3.75B | 2.72B | 1.95B | 1.11B | 744.93M |
| Net Income | 2.23B | 1.64B | 1.21B | 887.60M | 444.98M |
Balance Sheet | |||||
| Total Assets | 14.08B | 10.75B | 7.96B | 6.18B | 5.20B |
| Cash, Cash Equivalents and Short-Term Investments | 8.14B | 5.91B | 5.28B | 3.96B | 3.51B |
| Total Debt | 100.00M | 100.00M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 4.47B | 3.08B | 1.99B | 1.50B | 1.00B |
| Stockholders Equity | 9.61B | 7.67B | 5.97B | 4.68B | 4.20B |
Cash Flow | |||||
| Free Cash Flow | 2.74B | 1.79B | 1.35B | 806.71M | 116.59M |
| Operating Cash Flow | 3.12B | 2.47B | 1.71B | 986.44M | 222.99M |
| Investing Cash Flow | -606.77M | -1.92B | -393.08M | -310.73M | -84.51M |
| Financing Cash Flow | -288.35M | 82.22M | 8.84M | -447.94M | 17.21M |
Smaregi, Inc. Technical Analysis
Positive
3055.00
Price Trends
2522.98
Positive
2421.21
Positive
2625.92
Positive
Market Momentum
110.03
Positive
59.97
Neutral
38.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4431, the sentiment is Positive. The current price of 3055 is above the 20-day moving average (MA) of 2790.10, above the 50-day MA of 2522.98, and above the 200-day MA of 2625.92, indicating a bullish trend. The MACD of 110.03 indicates Positive momentum. The RSI at 59.97 is Neutral, neither overbought nor oversold. The STOCH value of 38.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥56.74B | 25.92 | ― | 0.52% | 20.60% | 35.88% | |
76 Outperform | ¥741.06B | 31.25 | 20.54% | 1.47% | 11.96% | 18.70% | |
74 Outperform | ¥9.28B | 14.76 | ― | 0.47% | 17.60% | 71.29% | |
71 Outperform | ¥6.50B | 12.69 | ― | 1.18% | 12.84% | 24.85% | |
68 Neutral | ¥6.03B | 19.25 | ― | 2.50% | 5.48% | 240.01% | |
65 Neutral | ¥9.22B | 10.73 | ― | 2.16% | -1.76% | 25.65% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:4431
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Smaregi, Inc. Corporate Events
Smaregi Revamps Performance Share Unit Plan to Boost Director Incentives
Jul 3, 2026
Smaregi has proposed a partial revision to its performance share unit compensation plan for directors, to be submitted at its upcoming annual general meeting. The changes are linked to the introduction of a performance-linked restricted stock plan...
Smaregi Revamps Executive Pay With New Performance-Linked Stock Plan
Jul 3, 2026
Smaregi, Inc. has overhauled its director compensation structure by introducing a new performance-linked restricted stock plan, known as the PSURS Plan, for board members. The scheme is intended to align management incentives more closely with sha...
Smaregi Reaffirms Governance Lineup and Adds New Executive to Lead Sales
Jun 26, 2026
Smaregi, Inc. has reaffirmed its existing leadership structure by renominating Representative Director Ryuhei Miyazaki and three other directors, including two outside directors designated as independent under Tokyo Stock Exchange rules. The compa...
Smaregi Corrects 2027 Dividend Forecast to 29 Yen Per Share
Jun 15, 2026
Smaregi, Inc. has announced a partial correction to its consolidated financial results for the fiscal year ended April 30, 2026, after discovering clerical errors in its previously disclosed figures. The revision concerns only the summary informat...
Smaregi Posts Strong FY2026 Earnings, Lifts Dividend and Signals Further Growth
Jun 12, 2026
Smaregi, Inc. reported strong consolidated results for the fiscal year ended April 30, 2026, with net sales rising 20.6% to ¥13.35 billion and operating profit climbing 35.2% to ¥3.22 billion, reflecting improved profitability and effici...
Smaregi Lifts Year-End Dividend as SaaS Growth Strengthens Shareholder Returns
Jun 8, 2026
Smaregi, Inc. has approved a year-end dividend of 24 yen per share for the fiscal year ended April 30, 2026, with a total payout of 462 million yen, up from 15 yen per share and 288 million yen in the previous fiscal year. The dividend, payable on...
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.