Speee, Inc. (4499) AI Stock Analysis

• Market Cap: ¥30.43B
• Dividend Yield: N/A
• Average Volume (3M): 230.84K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.96
• 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: 11,563,000
• 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: 54 Neutral
• Price Target: ¥2,889.00 ▲(21.59% Upside)
• Action: Reiterated Date: 03/06/26
• Date: Action: Reiterated 03/06/26

The score is held back primarily by weak financial performance (loss-making with negative operating and free cash flow, and higher leverage). This is partly offset by strong technical momentum with the stock trading above major moving averages and a positive MACD, while valuation is difficult to assess on earnings due to a negative P/E and no stated dividend yield.

Positive Factors

High gross margin

A 77.96% gross margin indicates an asset-light, high-margin service mix typical of digital advertising/tech-enabled agencies. That structural margin cushion supports operating leverage as revenue scales, enabling potential durable improvement in operating profits if SG&A is controlled.

Top-line growth

Recurring revenue growth of 14% demonstrates continued client demand and market traction. Sustained top-line expansion provides a runway to absorb fixed costs, invest in product/service enhancements, and convert scale into improved margins over the coming quarters if growth persists.

Stable equity base

A stable equity ratio suggests the company retains a reasonable equity buffer despite losses. That structural capital base helps absorb near-term deficits, supports credit access, and preserves strategic optionality (M&A, capex) while management works to restore profitability.

Negative Factors

Negative cash flow

Persistent negative operating and free cash flow undermines internal funding for growth and operations. Over 2–6 months this raises reliance on external financing, increases execution risk, and constrains investments in sales, product development, or margin-improving initiatives.

Unprofitable operations

Negative net margin and materially negative ROE indicate the company is destroying shareholder capital rather than generating returns. Until core profitability turns positive, this structural weakness will limit reinvestment capacity and heighten scrutiny from lenders and investors.

Rising leverage

An increased debt-to-equity ratio of 0.62 raises fixed obligations and financial rigidity. For an unprofitable, cash-burning company, higher leverage amplifies refinancing and solvency risk and reduces flexibility to pursue strategic investments or withstand demand shocks.

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

Revenue grew 14%, but profitability and cash generation are weak: net margin is negative (-5.78%), ROE is negative (-13.04%), and both operating cash flow and free cash flow are negative. Leverage is higher (debt-to-equity 0.62), adding pressure while results remain unprofitable.

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	-585.86M	651.58M	919.15M	1.63B	1.17B
Net Income	-950.66M	244.19M	-1.04B	1.08B	835.56M
Balance Sheet
Total Assets	14.85B	10.16B	11.34B	8.92B	7.62B
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	7.57B	4.74B	6.30B	2.98B	2.77B
Stockholders Equity	7.29B	5.42B	5.04B	5.94B	4.85B
Cash Flow
Free Cash Flow	-791.80M	-1.36B	220.41M	1.04B	620.08M
Operating Cash Flow	-751.74M	-1.34B	477.73M	1.05B	688.96M
Investing Cash Flow	-151.80M	-222.05M	-565.20M	-107.10M	-89.28M
Financing Cash Flow	5.31B	-95.84M	1.06B	-30.84M	-789.93M

Speee, Inc. Technical Analysis

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

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4499, the sentiment is Neutral. The current price of 2376 is below the 20-day moving average (MA) of 2668.30, below the 50-day MA of 2582.72, and below the 200-day MA of 2516.11, indicating a neutral trend. The MACD of 84.32 indicates Positive momentum. The RSI at 48.60 is Neutral, neither overbought nor oversold. The STOCH value of 33.17 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:4499.

Speee, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9782	71 Outperform	¥20.96B	16.52	―	9.87%	11.51%	-29.82%
7095	66 Neutral	¥19.07B	8.10	―	2.01%	15.43%	12.47%
7354	65 Neutral	¥14.05B	10.92	―	1.51%	7.96%	―
2389	63 Neutral	¥32.14B	19.84	―	2.14%	-22.10%	-16.33%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
4499	54 Neutral	¥30.43B	-21.27	―	―	4.53%	-464.41%
6094	50 Neutral	¥11.67B	2.40	―	―	-2.68%	91.68%

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.