Access Co., Ltd. (4813) AI Stock Analysis

• Market Cap: ¥25.08B
• Dividend Yield: N/A
• Average Volume (3M): 157.31K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.22
• Revenue Growth: 25.89%
• EPS Growth: -285.21%
• Country: JP
• Employees: 809
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): -2.57
• Shares Outstanding: 39,962,100
• 10 Day Avg. Volume: 181,350
• 30 Day Avg. Volume: 157,310
• PEG Ratio: >-0.01
• Price to Book (P/B): 4.43
• Price to Sales (P/S): 2.80
• P/FCF Ratio: -105.88
• 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: 46 Neutral
• Price Target: ¥563.00 ▼(-1.92% Downside)

The score is primarily held back by weak financial performance, including ongoing losses and negative free cash flow, despite a liquidity cushion from cash reserves. Technicals are modestly supportive in the near term but remain weak over longer horizons, and valuation is difficult to justify due to losses (negative P/E) with no dividend data to offset risk.

Positive Factors

Revenue Growth

The company has demonstrated strong revenue growth, which indicates a successful expansion of its market presence and product adoption.

Diverse Revenue Streams

Access Co., Ltd.'s diverse revenue streams from licensing, partnerships, and digital content provide resilience against market fluctuations.

Healthy Cash Levels

Maintaining a healthy level of cash and equivalents supports liquidity and provides a buffer against financial uncertainties.

Negative Factors

Operating Losses

Operating at a loss with negative EBIT and net income margins indicates ongoing profitability challenges, affecting long-term sustainability.

Negative Free Cash Flow

Negative free cash flow reflects challenges in funding operations and investments, potentially necessitating external financing.

Rising Debt-to-Equity Ratio

An increasing debt-to-equity ratio reduces financial stability, increasing risk and potentially limiting future investment flexibility.

Access Co., Ltd. Business Overview & Revenue Model

Company Description

Access Co., Ltd. provides mobile and network software technologies to telecom carriers, consumer electronics manufacturers, broadcasting and publishing companies, automotive industry, and energy infrastructure providers worldwide. It offers NetFront Browser BE, an advanced HTML5 browser for smart TV, STB, game consoles, and automotive in-vehicle infotainment systems; NetFront Browser NX, a WebKit-based HTML5 browser; Browser SDKs for HbbTV and UK freeview play; embedded automotive platforms HTML engine; and chromium blink based HTML engine for automotive. The company also provides IoT devices, including human to machine interface engines for LCD touch panels and IoT gateway products; multiscreen products, such as 360° smart media platform for operators and content owners; ACCESS Twine, a white label in-car app store and content solution for in-vehicle-infotainment; multiscreen media sharing solutions for consumer electronic devices and home networks; and media sharing and playback solutions for automotive manufacturers and consumer electronic companies. In addition, it offers PUBLUS, a digital publishing platform for digital content distribution; PUBLUS Reader, an EPUB viewer; and PUBLUS Lite, a cloud-based text delivery system. Further, the company provides network OS for white box systems; VirNOS, a cutting-edge virtual software platform for mobile operators and corporate data centers; and ZebOS, a middleware for network devices. Access Co., Ltd. was founded in 1979 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Access Co., Ltd. generates revenue through multiple streams, primarily from the licensing of its software products and services to businesses and individual consumers. The company has established significant partnerships with telecom operators and device manufacturers, allowing it to bundle its applications and services with their offerings. Additionally, Access monetizes its digital content through subscriptions and advertising, capitalizing on its extensive user base. The company also earns revenue from bespoke software development projects tailored to specific client needs, further diversifying its income sources.

Access Co., Ltd. Financial Statement Overview

Summary

Access Co., Ltd. is experiencing financial difficulties with negative profitability and cash flow issues, despite some revenue growth. The company's strong cash reserves provide a buffer, but the ongoing losses and negative free cash flow pose significant risks. Improving operational efficiency and profitability is crucial for long-term sustainability.

Income Statement

Access Co., Ltd. has faced significant profitability challenges over the analyzed period. The company reported negative EBIT and net income margins in the most recent year, indicating it is operating at a loss. Revenue has shown some growth, but this has not translated into profitability improvements. The gross profit margin is moderate but declining, suggesting pressure on cost management or pricing power.

Balance Sheet

The balance sheet reveals a mixed picture. The company maintains a healthy level of cash and equivalents, which is a positive sign for liquidity. However, the debt-to-equity ratio has increased as equity has decreased, reflecting a reduction in financial stability. The equity ratio remains relatively stable, showing a good proportion of equity in the assets, but the declining equity suggests past losses have eroded shareholder value.

Cash Flow

Cash flow analysis shows that Access Co., Ltd. has struggled to generate positive free cash flow due to significant capital expenditures and operating losses. The operating cash flow to net income ratio indicates some cash generation capability despite losses, but free cash flow remains negative, reflecting potential challenges in funding operations and investments without external financing.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	16.62B	15.93B	15.12B	13.06B	9.85B	7.52B
Gross Profit	5.82B	7.06B	6.58B	3.52B	977.79M	1.18B
EBITDA	-5.39B	-3.69B	3.23B	1.44B	1.23B	538.84M
Net Income	-7.61B	-5.38B	-280.18M	-2.68B	-3.05B	-2.54B
Balance Sheet
Total Assets	14.61B	21.53B	27.28B	25.24B	27.96B	29.26B
Cash, Cash Equivalents and Short-Term Investments	6.29B	10.81B	10.92B	11.88B	15.24B	16.66B
Total Debt	902.25M	1.03B	212.03M	332.34M	0.00	0.00
Total Liabilities	7.20B	11.48B	4.67B	3.18B	2.57B	1.94B
Stockholders Equity	7.42B	10.05B	22.62B	22.06B	25.38B	27.31B
Cash Flow
Free Cash Flow	0.00	-420.94M	-1.18B	-1.84B	-2.07B	-2.37B
Operating Cash Flow	0.00	1.13B	2.24B	953.69M	641.94M	880.74M
Investing Cash Flow	0.00	-1.07B	-3.72B	-2.92B	-2.35B	-3.20B
Financing Cash Flow	0.00	-50.88M	-27.14M	-1.32B	-36.95M	-20.42M

Access Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 574.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4813, the sentiment is Positive. The current price of 574 is below the 20-day moving average (MA) of 577.80, above the 50-day MA of 555.52, and below the 200-day MA of 679.98, indicating a neutral trend. The MACD of 20.94 indicates Negative momentum. The RSI at 68.62 is Neutral, neither overbought nor oversold. The STOCH value of 88.06 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4813.

Access Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3984	80 Outperform	¥33.07B	21.70	―	0.73%	17.86%	21.52%
3788	76 Outperform	¥27.37B	26.51	―	1.50%	7.83%	49.73%
3393	74 Outperform	¥29.93B	15.13	―	4.36%	12.32%	10.42%
2359	74 Outperform	¥30.24B	12.57	―	2.93%	2.11%	5.55%
3916	72 Outperform	¥41.11B	17.64	―	2.45%	19.04%	30.67%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
4813	46 Neutral	¥25.08B	-3.70	―	―	25.89%	-285.21%

Access Co., Ltd. Corporate Events

ACCESS Reports Delay in Major Network OS Contract Payments from UAE Client

ACCESS CO., LTD. announced that its U.S. subsidiary IP Infusion Inc. is facing a payment delay under a three-year, USD 70 million license and service contract for its OcNOS network operating system with UAE-based Evollabs Tech FZ-LLC. Of the USD 30 million scheduled to be paid by the end of 2025, USD 20 million remains unpaid as of January 5, 2026, and the company is currently confirming the payment status with Evollabs while continuing collection efforts, noting that it will provide further updates if any additional disclosure-worthy events occur.

The most recent analyst rating on (JP:4813) stock is a Hold with a Yen563.00 price target. To see the full list of analyst forecasts on Access Co., Ltd. stock, see the JP:4813 Stock Forecast page.

ACCESS Again Delays Disclosure of Internal Control Improvement Plan to January 2026

ACCESS CO., LTD. announced that it will again postpone the timely disclosure of its internal control improvement plans and status report, shifting the planned release from late December 2025 to January 2026. The delay follows the Tokyo Stock Exchange’s earlier designation of the company as a Security on Special Alert and the imposition of a listing agreement penalty, which triggered a series of remedial steps including an investigation by a Special Investigation Committee, formulation of recurrence-prevention policies, and submission of draft plans to Japan Exchange Regulation. While much of the remediation process has been implemented or partially implemented, the company says it needs more time to finalize the improvement plans, and it has apologized to shareholders, investors and business partners for the added uncertainty, indicating that the eventual disclosure will be key to assessing the progress of its governance and internal control reforms.

The most recent analyst rating on (JP:4813) stock is a Hold with a Yen563.00 price target. To see the full list of analyst forecasts on Access Co., Ltd. stock, see the JP:4813 Stock Forecast page.

ACCESS Unit IP Infusion Signs $70 Million OcNOS Deal with UAE’s Evollabs

ACCESS CO., LTD. announced that its U.S. subsidiary IP Infusion has signed a three-year license and service agreement worth USD 70 million with UAE-based Evollabs Tech for the provision of its OcNOS network operating system, associated maintenance and support, and development of additional functions. The deal positions OcNOS as a key software platform for white-box hardware that Evollabs plans to sell mainly in the Middle East, reflecting rising demand for scalable, cost-efficient data center and GPU networking solutions. IP Infusion has so far received USD 10 million of the USD 30 million it expects to collect by the end of 2025, and while some payments are overdue, the project is described as progressing smoothly, with the company pledging timely updates on collections and noting that the transaction, already factored into its January 2026 earnings forecast, could still affect consolidated results depending on final accounting treatment.

The most recent analyst rating on (JP:4813) stock is a Sell with a Yen483.00 price target. To see the full list of analyst forecasts on Access Co., Ltd. stock, see the JP:4813 Stock Forecast page.

ACCESS CO., LTD. Reports Foreign Exchange Gain and Impairment Loss in Q3

ACCESS CO., LTD. announced a foreign exchange gain of 104 million yen and an impairment loss of 68 million yen for the third quarter of the fiscal year ending January 2026. These financial adjustments have been incorporated into the company’s consolidated financial results and forecasts, with no changes to the previously announced business performance forecast due to the inherent uncertainties in foreign exchange rate fluctuations.

The most recent analyst rating on (JP:4813) stock is a Sell with a Yen483.00 price target. To see the full list of analyst forecasts on Access Co., Ltd. stock, see the JP:4813 Stock Forecast page.

Access Co., Ltd. Reports Increased Sales but Faces Financial Losses

Access Co., Ltd. reported its consolidated financial results for the nine months ended October 31, 2025, showing a significant increase in net sales by 29.5% compared to the previous year. However, the company faced substantial losses in operating and ordinary profit, with a notable decline in profit attributable to owners of the parent. The financial position indicates a decrease in total assets and net assets, with an equity-to-asset ratio of 54.4%. The company has not announced any dividends for the fiscal year ending January 31, 2026, and there are no revisions to the financial forecast.

The most recent analyst rating on (JP:4813) stock is a Sell with a Yen483.00 price target. To see the full list of analyst forecasts on Access Co., Ltd. stock, see the JP:4813 Stock Forecast page.

Access Co., Ltd. Delays Disclosure of Improvement Plans

Access Co., Ltd. has announced a delay in the disclosure of its improvement plans and status report, initially scheduled for late November 2025, now postponed to December 2025. This postponement is due to ongoing deliberations on formulating these plans, following a designation by the Tokyo Stock Exchange as a Security on Special Alert, necessitating improvements in the company’s internal controls.

The most recent analyst rating on (JP:4813) stock is a Hold with a Yen579.00 price target. To see the full list of analyst forecasts on Access Co., Ltd. stock, see the JP:4813 Stock Forecast page.