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Access Co., Ltd.
(4813)
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Rating:40Underperform
Price Target:
¥337.00
▼(-41.29% Downside)
Action:Downgraded
Date:06/24/26
The score is held down primarily by weak financial quality (ongoing net losses, shrinking equity, and a sharp deterioration in 2026 operating/free cash flow). Technicals further pressure the rating, with the stock trading well below key moving averages and negative momentum indicators. Valuation is also constrained by a negative P/E driven by losses.
Positive Factors
Software licensing & services model
Access’s core model—licensing embedded browser/network software plus professional services—produces contract-linked and recurring revenue. Embedded software in devices often has long lifecycles, creating durable revenue streams and high client stickiness from customization and support relationships.
Negative Factors
Persistent unprofitability
Sustained operating and net losses mean revenue gains aren’t converting to sustainable profits. Continued unprofitability erodes retained capital, constrains reinvestment capacity for product development or sales expansion, and increases the likelihood of relying on external funding over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Software licensing & services model
Access’s core model—licensing embedded browser/network software plus professional services—produces contract-linked and recurring revenue. Embedded software in devices often has long lifecycles, creating durable revenue streams and high client stickiness from customization and support relationships.
Read all positive factors
Access Co., Ltd. (4813) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥13.55B
Dividend YieldN/A
Average Volume (3M)157.31K
Price to Earnings (P/E)―
Beta (1Y)0.74
Revenue Growth16.67%
EPS Growth67.75%
CountryJP
Employees795
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)-202.22
Shares Outstanding39,962,100
10 Day Avg. Volume181,350
30 Day Avg. Volume157,310
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)3.44
Price to Sales (P/S)1.21
P/FCF Ratio-5.30
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)N/A
Revenue Forecast (FY)N/A
Access Co., Ltd. Business Overview & Revenue Model
Company Description
Access Co., Ltd., together with its subsidiaries, provides IT solutions and products in Japan, America, Europe, the Middle East, Africa, Asia, Oceania, and internationally. It operates through three segments: IoT Business, Web Platform Business, a...
How the Company Makes Money
Access generates revenue primarily by licensing its software (e.g., embedded browser and related networking/client software) to device manufacturers and other technology companies, typically under commercial license agreements that may include upf...
Access Co., Ltd. Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
62
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.62B | 19.22B | 15.93B | 15.12B | 13.06B | 9.85B |
| Gross Profit | 5.82B | 8.12B | 7.06B | 6.58B | 3.52B | 977.79M |
| EBITDA | -5.39B | -1.25B | -3.69B | 3.23B | 1.44B | 1.23B |
| Net Income | -7.61B | -3.40B | -5.38B | -280.18M | -2.68B | -3.05B |
Balance Sheet | ||||||
| Total Assets | 14.61B | 17.10B | 23.18B | 21.56B | 21.31B | 29.12B |
| Cash, Cash Equivalents and Short-Term Investments | 6.29B | 5.41B | 10.81B | 10.92B | 11.88B | 15.24B |
| Total Debt | 902.25M | 977.15M | 1.03B | 212.03M | 332.34M | 0.00 |
| Total Liabilities | 7.20B | 10.31B | 13.13B | 6.43B | 4.41B | 3.73B |
| Stockholders Equity | 7.42B | 6.79B | 10.05B | 15.12B | 16.89B | 25.38B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -4.40B | -420.94M | -1.18B | -1.84B | -2.07B |
| Operating Cash Flow | 0.00 | -3.94B | 1.13B | 2.24B | 953.69M | 641.94M |
| Investing Cash Flow | 0.00 | -1.58B | -1.07B | -3.72B | -2.92B | -2.35B |
| Financing Cash Flow | 0.00 | -19.04M | -50.88M | -27.14M | -1.32B | -36.95M |
Access Co., Ltd. Technical Analysis
Negative
574.00
Price Trends
461.32
Negative
523.80
Negative
550.58
Negative
Market Momentum
-38.14
Negative
23.71
Positive
36.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4813, the sentiment is Negative. The current price of 574 is above the 20-day moving average (MA) of 385.50, above the 50-day MA of 461.32, and above the 200-day MA of 550.58, indicating a bearish trend. The MACD of -38.14 indicates Negative momentum. The RSI at 23.71 is Positive, neither overbought nor oversold. The STOCH value of 36.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4813.
Access Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ¥28.83B | 16.14 | ― | 0.73% | 17.32% | 33.18% | |
80 Outperform | ¥30.73B | 12.48 | ― | 4.36% | 7.11% | 20.05% | |
78 Outperform | ¥35.58B | 12.45 | ― | 3.40% | 8.54% | 20.52% | |
70 Outperform | ¥22.70B | 40.78 | ― | ― | 31.09% | 75.74% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | ¥25.58B | 17.70 | ― | 2.51% | -1.52% | -31.86% | |
40 Underperform | ¥13.55B | -6.30 | ― | ― | 16.67% | 67.75% |
* Technology Sector Average
JP:4813
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Access Co., Ltd. Corporate Events
Access Co. Returns to Profit in Q1 and Projects Strong Revenue Growth for FY2026
Jun 12, 2026
Access Co., Ltd. reported a strong start to its fiscal year, with net sales for the three months ended April 30, 2026 rising 18.0% year on year to ¥6.16 billion, and a swing back to profitability, posting ¥88 million in profit attributab...
ACCESS Books ¥100 Million FX Gain as Non-Operating Income, Keeps Earnings Outlook Unchanged
Jun 12, 2026
ACCESS CO., LTD. reported non-operating income in the first quarter of its fiscal year ending January 2027, driven by a foreign exchange gain of 100 million yen arising mainly from the revaluation of foreign currency-denominated monetary liabiliti...
ACCESS Completes Restricted Stock Treasury Disposal for Executive Compensation
May 28, 2026
ACCESS CO., LTD. has completed the payment procedures for a disposal of 136,200 shares of its treasury stock to be used as restricted stock compensation. The shares, priced at 530 yen each for a total of 72,186,000 yen, were allotted to seven dire...
Access Corrects Disclosure on Restricted Stock Treasury Disposal
May 8, 2026
Access Co., Ltd. has issued a correction to its previously announced plan to dispose of treasury stock for restricted stock compensation to directors and executive officers. The disposal terms remain unchanged, covering 136,200 common shares at 53...
ACCESS to Grant Restricted Treasury Shares to Executives Under Long-Term Incentive Plan
Apr 30, 2026
ACCESS CO., LTD. has approved the disposal of 136,200 shares of its treasury stock as restricted stock compensation to seven directors and three executive officers, at a price of 530 yen per share for a total of 72,186,000 yen. The move is part of...
ACCESS Sets Plan to Regain TSE Prime Compliance as Improvement Period Begins
Apr 30, 2026
ACCESS Co., Ltd. has disclosed that as of January 31, 2026, it no longer meets the tradable share market capitalization requirement for continued listing on the TSE Prime Market and has entered an improvement period through January 31, 2027. The c...
ACCESS Corrects Non-Consolidated Loss Provisions and Fiscal 2026 Results
Apr 2, 2026
ACCESS CO., LTD. has announced corrections to previously disclosed figures related to non-operating income and expenses, and differences between consolidated and non-consolidated financial results for the fiscal year ended January 2026. The revisi...
ACCESS Corrects Fiscal 2026 Non-Consolidated Results, Reveals Stronger Financial Position
Mar 30, 2026
ACCESS CO., LTD. has issued a correction to its previously announced consolidated financial results for the fiscal year ended January 31, 2026, after discovering description errors in the non-consolidated figures. The revised data show non-consoli...
Access Revamps Board Slate, Taps NTT Executive as New Outside Director
Mar 30, 2026
Access Co., Ltd. has proposed a slate of director candidates for approval at its 42nd Ordinary General Meeting of Shareholders on April 30, 2026, including the reappointment of President and CEO Kiyoyasu Oishi and key executive and outside directo...
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.