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ROUND ONE
(4680)
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Rating:71Outperform
Price Target:
¥1,379.00
▲(17.26% Upside)
Action:Reiterated
Date:06/26/26
The score is driven primarily by solid financial performance—revenue growth and improved profitability—tempered by elevated balance-sheet leverage and weakening recent free cash flow. Technicals are a clear positive with a strong uptrend and supportive momentum, while valuation is reasonable but not especially compelling given the moderate P/E and modest dividend yield.
Positive Factors
Diversified Location‑Based Business
Round One's multi-entertainment model mixes arcades, bowling and ancillary in-store sales, creating diversified revenue streams tied to foot traffic and per-visit spend. This site‑based, experiential model supports repeat visits and cross‑sell opportunities, underpinning durable demand for 2–6 months and beyond.
Negative Factors
Elevated Leverage
A debt-to-equity ratio near 2.3x creates heightened refinancing and interest-rate sensitivity for a consumer discretionary, location-based operator. Elevated leverage reduces financial flexibility, raises fixed obligations, and increases vulnerability to demand slowdowns or higher financing costs over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Location‑Based Business
Round One's multi-entertainment model mixes arcades, bowling and ancillary in-store sales, creating diversified revenue streams tied to foot traffic and per-visit spend. This site‑based, experiential model supports repeat visits and cross‑sell opportunities, underpinning durable demand for 2–6 months and beyond.
Read all positive factors
ROUND ONE (4680) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥351.62B
Dividend Yield1.48%
Average Volume (3M)2.72M
Price to Earnings (P/E)19.2
Beta (1Y)0.94
Revenue GrowthN/A
EPS GrowthN/A
CountryJP
Employees2,364
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)63.31
Shares Outstanding289,161,960
10 Day Avg. Volume2,737,220
30 Day Avg. Volume2,717,036
Financial Highlights & Ratios
PEG Ratio1.25
Price to Book (P/B)2.60
Price to Sales (P/S)1.13
P/FCF Ratio7.16
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)72.94
Revenue Forecast (FY)¥216.33B
ROUND ONE Business Overview & Revenue Model
Company Description
Round One Corporation is a Japanese company that manages a variety of indoor entertainment centers. Their facilities provide a wide array of leisure activities such as bowling, arcade games, karaoke, and other sports-related recreation. Establishe...
How the Company Makes Money
ROUND ONE makes money primarily through revenue generated at its entertainment venues. Key revenue streams include: (1) amusement/arcade income from customers paying to play coin-operated and prize-based games (including crane/prize games) and oth...
ROUND ONE Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
57
Neutral
Cash Flow
68
Positive
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 189.55B | 177.06B | 159.18B | 142.05B | 96.42B |
| Gross Profit | 39.75B | 34.74B | 30.60B | 21.36B | 2.02B |
| EBITDA | 73.23B | 70.45B | 65.34B | 35.68B | 21.55B |
| Net Income | 16.62B | 15.40B | 14.66B | 9.74B | 3.94B |
Balance Sheet | |||||
| Total Assets | 309.89B | 293.95B | 272.83B | 183.24B | 160.53B |
| Cash, Cash Equivalents and Short-Term Investments | 54.95B | 51.15B | 36.46B | 29.11B | 46.32B |
| Total Debt | 187.99B | 157.22B | 141.25B | 99.41B | 74.61B |
| Total Liabilities | 227.25B | 227.06B | 207.17B | 122.06B | 105.92B |
| Stockholders Equity | 82.64B | 66.88B | 65.66B | 61.18B | 54.60B |
Cash Flow | |||||
| Free Cash Flow | 29.99B | 42.60B | 47.40B | 24.00B | 21.05B |
| Operating Cash Flow | 60.46B | 63.95B | 62.89B | 35.83B | 28.30B |
| Investing Cash Flow | -31.25B | -23.99B | -15.39B | -11.91B | -8.47B |
| Financing Cash Flow | -26.15B | -25.09B | -41.05B | -42.11B | -19.30B |
ROUND ONE Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥5.19T | 38.29 | 11.59% | 0.56% | 3.86% | 6.84% | |
73 Outperform | ¥2.96T | 21.19 | 16.78% | 1.99% | 8.60% | 10.04% | |
71 Outperform | ¥351.62B | 19.21 | 22.01% | 1.46% | ― | ― | |
71 Outperform | ¥187.98B | 11.81 | ― | 3.40% | 6.49% | -11.08% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | ¥54.64B | 15.04 | ― | 0.55% | 8.13% | ― | |
49 Neutral | ¥113.27B | 41.26 | ― | ― | 53.43% | 1.83% |
* Consumer Cyclical Sector Average
JP:4680
ROUND ONE
1,252.50
-336.08
-21.16%
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ROUND ONE Corporate Events
Round One Posts Double-Digit Sales Growth Across Japan Entertainment Operations in June
Jul 9, 2026
Round One reported that total domestic sales in June 2026 rose 14.8% year on year at existing stores, with all major segments, including bowling, amusement, karaoke and Spo-cha, recording growth. Amusement led the expansion with a 21.4% increase, ...
Round One Posts Double-Digit Sales Surge at Japan Entertainment Centers in May
Jun 4, 2026
Round One reported strong domestic revenue growth for May 2026, with total sales at existing stores in Japan rising 21.6% year on year, led by a 26.2% jump in amusement and double-digit gains in bowling, karaoke, and Spo-cha. The company noted tha...
Round One Shifts to IFRS to Align With Global Reporting Standards
May 13, 2026
Round One Corporation has announced that it has voluntarily adopted International Financial Reporting Standards in place of Japanese GAAP for its consolidated financial statements beginning with the fiscal year ended March 31, 2025. The company ai...
Round One posts 11% April sales growth across Japan outlets
May 13, 2026
Round One Corporation reported solid growth in April 2026 domestic sales, with total revenue from existing stores in Japan rising 11.0% year-on-year to ¥8,868 million. All core segments posted gains, led by karaoke up 16.0%, amusement up 12.0...
Round One Subsidiary Confidentially Files for U.S. IPO
May 7, 2026
Round One Corporation has disclosed that its U.S.-focused subsidiary, Round One Entertainment Inc., has confidentially filed a draft registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering of ...
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.