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Delta-Fly Pharma, Inc. (JP:4598)
:4598
Japanese Market
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Delta-Fly Pharma, Inc. (4598) AI Stock Analysis

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JP:4598

Delta-Fly Pharma, Inc.

(4598)

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Underperform 40 (OpenAI - 5.2)
Rating:40Underperform
Price Target:
¥100.00
▼(-3.85% Downside)
Action:Downgraded
Date:07/24/26
Overall score is dragged down primarily by very weak financial performance (zero revenue in recent years, persistent large losses, heavy cash burn, and sharply eroded equity/assets). Technicals add pressure with a clear downtrend and negative momentum signals. Valuation offers limited support due to a negative P/E and no provided dividend yield.
Positive Factors
No debt
Absence of debt removes recurring interest and principal obligations, lowering near-term default risk and preserving financial flexibility. For a development-stage biotech, no leverage makes it easier to prioritize R&D or seek equity/partner funding without debt covenants constraining programs.
Negative Factors
Zero revenue since FY2023
Sustained absence of revenue removes an internal funding source and forces reliance on external financing, partnerships, or dilutive equity. Over the medium term, this increases execution risk for development programs and heightens funding and dilution pressures if capital markets are constrained.
Read all positive and negative factors
Positive Factors
Negative Factors
No debt
Absence of debt removes recurring interest and principal obligations, lowering near-term default risk and preserving financial flexibility. For a development-stage biotech, no leverage makes it easier to prioritize R&D or seek equity/partner funding without debt covenants constraining programs.
Read all positive factors

Delta-Fly Pharma, Inc. (4598) vs. iShares MSCI Japan ETF (EWJ)

Delta-Fly Pharma, Inc. Business Overview & Revenue Model

Delta-Fly Pharma, Inc. Financial Statement Overview

Summary
Financial performance is extremely weak: revenue has been 0 since FY2023, losses remain large and worsening (net income about -1.63B in FY2026), and cash burn is severe with deeply negative operating/free cash flow (around -1.56B in FY2026). While the company has no debt, equity and total assets have collapsed (equity ~2.08B to ~33.98M; assets ~2.16B to ~0.25B), increasing funding risk.
Income Statement
8
Very Negative
Balance Sheet
18
Very Negative
Cash Flow
10
Very Negative
BreakdownMar 2026Mar 2026Mar 2025Mar 2024Mar 2023
Income Statement
Total Revenue0.000.000.000.00300.00M
Gross Profit-1.44M-1.59M-1.51M-1.63M300.00M
EBITDA-1.60B-1.71B-1.40B-1.31B-959.79M
Net Income-1.63B-1.72B-1.43B-1.33B-967.30M
Balance Sheet
Total Assets246.67M434.33M1.47B906.82M1.32B
Cash, Cash Equivalents and Short-Term Investments145.45M338.83M1.42B844.34M1.27B
Total Debt0.000.000.000.000.00
Total Liabilities212.69M156.54M241.50M115.62M91.19M
Stockholders Equity33.98M277.80M1.23B791.20M1.23B
Cash Flow
Free Cash Flow-1.56B-1.83B-1.28B-1.30B-940.40M
Operating Cash Flow-1.56B-1.83B-1.28B-1.30B-940.40M
Investing Cash Flow0.00-206.00K207.00K-326.00K0.00
Financing Cash Flow1.36B756.70M1.85B882.62M119.86M

Delta-Fly Pharma, Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
49
Neutral
¥4.47B-3.421135.58%2.37%
48
Neutral
¥19.94B-3.55-156.47%35.28%90.12%
47
Neutral
¥95.17B-59.131662.38%42.86%
41
Neutral
¥133.92B-36.70-6.88%0.62%27.66%
41
Neutral
¥81.42B-24.87-44.85%31.36%
40
Underperform
¥1.52B-0.7820.94%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:4598
Delta-Fly Pharma, Inc.
106.00
-544.00
-83.69%
JP:4563
AnGes
50.00
-32.00
-39.02%
JP:4587
Peptidream
1,031.50
-499.00
-32.60%
JP:4592
SanBio Co
1,043.00
-1,617.00
-60.79%
JP:4588
Oncolys BioPharma, Inc.
3,250.00
2,511.00
339.78%
JP:4591
Ribomic, Inc.
79.00
-29.00
-26.85%
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: Jul 24, 2026