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Commerce One Holdings, Inc. (JP:4496)
:4496
Japanese Market
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Commerce One Holdings, Inc. (4496) AI Stock Analysis

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JP:4496

Commerce One Holdings, Inc.

(4496)

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Outperform 72 (OpenAI - 5.2)
Rating:72Outperform
Price Target:
¥788.00
▲(1.03% Upside)
Action:Reiterated
Date:05/16/26
The score is primarily supported by strong financial resilience (minimal leverage and improved returns) and a sharp 2026 revenue surge, offset by margin volatility and a notable 2026 free-cash-flow decline. Technicals remain a headwind due to a clear downtrend, despite oversold readings, while valuation is moderate with a supportive dividend yield.
Positive Factors
Conservative balance sheet; very low leverage
Extremely low debt-to-equity (~0.02 in 2026) materially reduces financial risk and preserves optionality. This balance sheet strength supports investment, dividend capacity or opportunistic M&A, and cushions the business through revenue cyclicality, enhancing multi-month resilience.
Negative Factors
Profitability still below pre-2025 peak levels
Although margins recovered in 2026, net margin at ~7.8% is materially below the 2022–2024 range. Persistent shortfall suggests structural margin pressure or a different business mix, limiting sustainable return on capital and constraining long-term cash available for strategic initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet; very low leverage
Extremely low debt-to-equity (~0.02 in 2026) materially reduces financial risk and preserves optionality. This balance sheet strength supports investment, dividend capacity or opportunistic M&A, and cushions the business through revenue cyclicality, enhancing multi-month resilience.
Read all positive factors

Commerce One Holdings, Inc. (4496) vs. iShares MSCI Japan ETF (EWJ)

Commerce One Holdings, Inc. Business Overview & Revenue Model

Company Description
Commerce One Holdings Inc. provides solutions for e-commerce business operators to start and operate their businesses. The company provides e-commerce site construction and operation services; sales management and inventory management system for t...

Commerce One Holdings, Inc. Financial Statement Overview

Summary
Strong 2026 revenue acceleration and a very strong, low-leverage balance sheet support resilience. However, profitability has been volatile and below prior peak margins, and free cash flow declined materially in 2026 with inconsistent cash conversion.
Income Statement
71
Positive
Balance Sheet
90
Very Positive
Cash Flow
62
Positive
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue3.87B3.90B3.69B3.56B3.20B2.94B
Gross Profit2.16B2.13B2.10B2.02B1.80B1.70B
EBITDA603.71M531.35M767.72M794.44M699.02M752.18M
Net Income231.60M302.31M91.59M414.86M441.36M495.98M
Balance Sheet
Total Assets3.61B3.63B3.47B3.88B3.51B3.11B
Cash, Cash Equivalents and Short-Term Investments1.71B1.88B1.86B1.73B1.61B1.64B
Total Debt61.63M50.38M70.62M53.92M57.54M14.15M
Total Liabilities952.45M1.00B948.30M1.04B889.59M822.17M
Stockholders Equity2.65B2.62B2.52B2.84B2.62B2.29B
Cash Flow
Free Cash Flow417.67M303.28M479.30M775.37M156.29M514.26M
Operating Cash Flow426.50M312.72M532.78M778.61M163.97M515.51M
Investing Cash Flow-132.75M-82.82M-182.39M-367.76M-56.40M-111.19M
Financing Cash Flow-223.67M-236.94M-213.37M-307.41M-142.77M-3.68M

Commerce One Holdings, Inc. Technical Analysis

Technical Analysis Sentiment
Negative
Last Price780.00
Price Trends
50DMA
751.23
Negative
100DMA
766.09
Negative
200DMA
779.92
Negative
Market Momentum
MACD
-9.82
Positive
RSI
23.45
Positive
STOCH
3.92
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4496, the sentiment is Negative. The current price of 780 is above the 20-day moving average (MA) of 737.25, above the 50-day MA of 751.23, and above the 200-day MA of 779.92, indicating a bearish trend. The MACD of -9.82 indicates Positive momentum. The RSI at 23.45 is Positive, neither overbought nor oversold. The STOCH value of 3.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4496.

Commerce One Holdings, Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
¥9.13B12.900.47%17.60%71.29%
72
Outperform
¥5.11B17.622.50%5.48%240.29%
71
Outperform
¥6.54B8.951.18%12.84%24.85%
71
Outperform
¥42.65B20.490.52%25.31%22.71%
67
Neutral
¥551.68B22.6020.54%1.47%11.96%18.70%
65
Neutral
¥9.68B12.542.16%-1.76%25.65%
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:4496
Commerce One Holdings, Inc.
693.00
-93.50
-11.89%
JP:3769
GMO Payment Gateway
8,774.00
441.74
5.30%
JP:3623
Billing System Corporation
1,059.00
53.73
5.34%
JP:3633
GMO Pepabo, Inc.
1,800.00
309.89
20.80%
JP:4374
ROBOT PAYMENT INC.
2,462.00
281.50
12.91%
JP:4431
Smaregi, Inc.
2,176.00
-1,025.29
-32.03%
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.Date of analysis: May 16, 2026