Speee, Inc. (4499) AI Stock Analysis

• Market Cap: ¥30.58B
• Dividend Yield: N/A
• Average Volume (3M): 230.84K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.11
• Revenue Growth: 4.53%
• EPS Growth: -464.41%
• Country: JP
• Employees: 591
• Sector: Communication Services
• Sector Strength: 97
• Industry: Advertising Agencies
• EPS (TTM): -27.93
• Shares Outstanding: 11,504,750
• 10 Day Avg. Volume: 101,670
• 30 Day Avg. Volume: 230,836
• PEG Ratio: 0.06
• Price to Book (P/B): 3.60
• Price to Sales (P/S): 1.60
• P/FCF Ratio: -33.19
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: ¥2,565.00 ▲(7.95% Upside)
• Action: Reiterated Date: 02/14/26
• Date: Action: Reiterated 02/14/26

The score is driven down primarily by weak financial performance (losses, negative cash flow, and negative ROE despite solid gross margin and revenue growth). Technicals further weigh on the outlook as the stock trades below major moving averages with bearish momentum. Valuation is also pressured by a negative P/E and lack of dividend support.

Positive Factors

High Gross Margin

A 77.96% gross margin implies an asset-light, high-value services model with pricing power and scalable unit economics. Over 2-6 months this margin supports operating leverage potential and improves the chance of returning to sustained profitability if SG&A and operating costs are controlled.

Top-line Growth

Consistent revenue growth (reported at ~14%) shows continued demand for the company’s services and supports expansion of market share. Durable top-line momentum combined with high gross margins creates scope for long-term operating leverage and improved profitability as fixed costs are absorbed.

Stable Equity Ratio

A stable equity ratio indicates a meaningful equity cushion and less reliance on debt financing historically. This resilience provides balance-sheet flexibility to fund growth or absorb shocks without immediate dilution, supporting medium-term strategic investments and creditor confidence.

Negative Factors

Profitability Deterioration

Sustained negative net margins and -13% ROE show the company is not converting sales into shareholder returns. Over months this erodes retained capital, limits reinvestment capacity, and signals structural cost or pricing issues that must be resolved to achieve durable profitability.

Weak Cash Flow

Negative operating and free cash flow indicate the core business consumes cash, reducing internal funding for growth or debt service. Persisting cash deficits raise reliance on external financing and increase vulnerability to market stress, constraining strategic flexibility over the medium term.

Rising Leverage

An elevated debt-to-equity ratio (~0.62) increases financial risk and interest obligations. In combination with losses and weak cash flow, higher leverage can amplify earnings volatility, limit capacity for acquisitions or investments, and pressure liquidity if adverse conditions persist.

Speee, Inc. Business Overview & Revenue Model

Company Description

Speee, Inc. engages in the marketing intelligence and digital transformation businesses in Japan. It offers UZOU, an ad distribution platform; VOYAGER, an integrated ad operation and management platform; and Markeship, a digital marketing support platform, as well as consulting services. The company also operates Yewuru, a site that supports real estate sales; Nurikae for requesting a quote for renovation; Sumai Step, a real estate sales bulk appraisal service; Yeoul Land Utilization, a land utilization plan comparison site; and Ouchi no Kataribe, a real estate company review site. In addition, it provides blockchain data platforms and back office services. Speee, Inc. was incorporated in 2007 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Speee, Inc. generates revenue primarily through its digital marketing services, which include search engine optimization (SEO), pay-per-click (PPC) advertising management, and data analytics solutions. The company charges clients fees for its consulting services, performance-based commissions, and subscription models for its software tools. Key revenue streams include long-term contracts with corporate clients, performance-based pricing models where fees are tied to the results achieved, and partnerships with other digital marketing firms that enhance their service offerings. Additionally, the company may benefit from strategic alliances with technology providers, allowing it to integrate advanced tools and platforms into its service portfolio, thereby increasing its value proposition and revenue potential.

Speee, Inc. Financial Statement Overview

Summary

Financial performance is weak: profitability has deteriorated with negative net profit margin (-5.78%) and negative ROE (-13.04%). Revenue growth is positive (14%) and gross margin is strong (77.96%), but negative operating/free cash flow and higher leverage (debt-to-equity 0.62) pressure overall quality.

Income Statement

Speee, Inc. has experienced a decline in profitability with negative net profit and EBIT margins in the latest year. The gross profit margin remains strong at 77.96%, but the net profit margin has turned negative at -5.78%. Revenue growth is positive at 14%, indicating some top-line growth, but the company is struggling to convert this into bottom-line profitability.

Balance Sheet

The company's debt-to-equity ratio has increased to 0.62, indicating higher leverage compared to previous years. Return on equity is negative at -13.04%, reflecting the company's current unprofitability. However, the equity ratio remains stable, suggesting a reasonable proportion of equity financing.

Cash Flow

Speee, Inc. is facing challenges with cash flow, as indicated by negative operating cash flow and free cash flow. The free cash flow to net income ratio is slightly above 1, suggesting that the company is generating some cash relative to its net losses, but overall cash flow health is weak.

Breakdown	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	16.44B	15.72B	13.61B	11.24B	12.69B
Gross Profit	12.81B	13.06B	11.46B	9.50B	7.93B
EBITDA	-652.87M	717.47M	-884.02M	1.66B	1.25B
Net Income	-950.66M	244.19M	-1.04B	1.08B	835.56M
Balance Sheet
Total Assets	14.81B	10.12B	11.30B	8.92B	7.60B
Cash, Cash Equivalents and Short-Term Investments	9.40B	4.99B	6.64B	5.67B	4.76B
Total Debt	4.50B	1.70B	1.81B	823.51M	864.26M
Total Liabilities	7.52B	4.70B	6.25B	2.98B	2.76B
Stockholders Equity	7.29B	5.42B	5.04B	5.94B	4.85B
Cash Flow
Free Cash Flow	-791.80M	-1.40B	188.14M	985.76M	552.22M
Operating Cash Flow	-751.74M	-1.34B	477.73M	1.04B	669.48M
Investing Cash Flow	-151.80M	-222.05M	-565.20M	-100.08M	-69.80M
Financing Cash Flow	5.31B	-95.84M	1.06B	-30.84M	-789.93M

Speee, Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2376.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4499, the sentiment is Positive. The current price of 2376 is below the 20-day moving average (MA) of 2393.65, below the 50-day MA of 2487.88, and below the 200-day MA of 2470.80, indicating a bullish trend. The MACD of -18.13 indicates Negative momentum. The RSI at 62.51 is Neutral, neither overbought nor oversold. The STOCH value of 84.41 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4499.

Speee, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7354	72 Outperform	¥16.52B	11.98	―	1.51%	7.96%	―
9782	71 Outperform	¥23.94B	23.98	―	9.87%	11.51%	-29.82%
7095	66 Neutral	¥21.40B	8.03	―	2.01%	15.43%	12.47%
2389	63 Neutral	¥32.08B	19.69	―	2.14%	-22.10%	-16.33%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
6094	50 Neutral	¥13.68B	17.08	―	―	-2.68%	91.68%
4499	43 Neutral	¥30.58B	-25.70	―	―	4.53%	-464.41%

Speee, Inc. Corporate Events

Speee Posts Flat Sales but Deepening Losses and Projects Full-Year Red Ink

Speee, Inc. reported net sales of ¥3,877 million for the quarter ended December 31, 2025, essentially flat year on year, but swung to a significantly larger loss, with an operating loss of ¥245 million and a net loss attributable to owners of the parent of ¥320 million. The company’s equity ratio improved slightly to 50.3% despite a modest decline in total assets, it continues to forgo dividends, and it forecasts a full-year operating loss of ¥1,704 million on a small increase in sales, signaling a period of continued earnings pressure and business restructuring following a change in the scope of consolidation.

Management projects full-year net sales of ¥17,000 million, up 3.4% from the previous year, but expects losses at all profit levels, including a projected net loss of ¥2,079 million. The absence of dividend payments, combined with expanded losses and structural changes in the consolidated group, suggests that shareholders face ongoing profitability headwinds even as the balance sheet remains relatively solid, with net assets of ¥6,969 million and a stable share count.

The most recent analyst rating on (JP:4499) stock is a Sell with a Yen2049.00 price target. To see the full list of analyst forecasts on Speee, Inc. stock, see the JP:4499 Stock Forecast page.