POPER Co., Ltd. (5134) AI Stock Analysis

• Market Cap: ¥1.91B
• Dividend Yield: N/A
• Average Volume (3M): 40.14K
• Price to Earnings (P/E): 13.7
• Beta (1Y): 0.21
• Revenue Growth: 29.72%
• EPS Growth: 65.33%
• Country: JP
• Employees: 78
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): -8.93
• Shares Outstanding: 3,944,576
• 10 Day Avg. Volume: 27,780
• 30 Day Avg. Volume: 40,136
• PEG Ratio: 0.37
• Price to Book (P/B): 3.84
• Price to Sales (P/S): 2.42
• P/FCF Ratio: 15.86
• 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: 61 Neutral
• Price Target: ¥500.00 ▼(-5.48% Downside)
• Action: Downgraded Date: 12/19/25
• Date: Action: Downgraded 12/19/25

POPER Co., Ltd.'s overall stock score is primarily driven by its strong financial performance, with impressive revenue and profit growth and a solid balance sheet. However, the technical analysis indicates bearish momentum, which significantly impacts the score. The valuation is reasonable, but the lack of a dividend yield may deter some investors.

Positive Factors

Revenue Growth

Sustained high revenue growth (~29.7%) indicates strong product-market fit and expanding customer adoption. Over a 2–6 month horizon this supports durable top-line momentum, fuels reinvestment in product and sales, and reduces execution risk as organic demand underpins future scale.

Margin Expansion

Significant gross and net margin improvement signals durable pricing power and operational efficiency. Higher gross margins provide buffer against cost shocks and allow sustained EBIT generation, supporting reinvestment or deleveraging rather than relying on volatile one-time gains.

Cash Flow & Balance Sheet

Material deleveraging plus rising free cash flow demonstrates financial flexibility and resilience. Strong cash generation and a strengthened equity base reduce refinancing risk, fund organic growth, and provide capacity for opportunistic investments without eroding capital structure.

Negative Factors

Slowing Revenue Growth Rate

A deceleration in revenue growth can constrain future operating leverage and make it harder to sustain prior margin expansion. Over the medium term this raises execution risk: management must convert efficiency gains into new product or market expansion to maintain earnings progression.

Ongoing Debt Monitoring

Although leverage improved markedly, the explicit caveat to monitor debt indicates remaining exposure or contingent obligations. If cash flow weakens or investments increase, debt management could constrain capital allocation and elevate refinancing or covenant risks over the medium term.

Small Scale / Liquidity

A small employee base and limited trading volume point to scale and liquidity constraints. Operationally this can concentrate key-person risk and limit rapid scaling of sales/support functions, while investor-side illiquidity can magnify exit risk or make capital raises more dilutive.

POPER Co., Ltd. Business Overview & Revenue Model

Company Description

POPER Co., Ltd. (5134) is a dynamic company operating in the technology sector, specializing in digital marketing solutions and advertising services. The company focuses on providing innovative tools and platforms that assist businesses in enhancing their online presence, optimizing advertising campaigns, and achieving better customer engagement. With a strong emphasis on data analytics and user experience, POPER offers a suite of products aimed at maximizing marketing effectiveness across various digital channels.

How the Company Makes Money

POPER Co., Ltd. generates revenue primarily through its subscription-based model, where clients pay for access to its digital marketing tools and advertising platforms. Key revenue streams include monthly or annual subscription fees for software services, performance-based advertising fees, and consultancy services aimed at optimizing marketing strategies for businesses. Additionally, POPER may engage in partnerships with other tech firms and advertising networks, which can provide additional revenue through shared services or co-marketing initiatives. The company's ability to attract and retain a diverse client base across different industries also contributes significantly to its earnings.

POPER Co., Ltd. Financial Statement Overview

Summary

POPER Co., Ltd. has demonstrated strong financial performance with consistent revenue growth, improved profit margins, and enhanced cash flow generation. The balance sheet shows reduced leverage and a stronger equity position. However, the slowing revenue growth rate and the need to manage debt levels are areas to watch.

Income Statement

POPER Co., Ltd. has demonstrated consistent revenue growth over the years, with a notable increase in gross profit margin from 68.1% in 2021 to 75.2% in 2025. The net profit margin improved significantly from negative figures in 2020 and 2021 to 10% in 2025, indicating enhanced profitability. EBIT and EBITDA margins have also improved, reflecting better operational efficiency. However, the revenue growth rate has slowed down in recent years, which could be a concern for future growth.

Balance Sheet

The company's debt-to-equity ratio has improved from 2.33 in 2021 to 0.15 in 2025, indicating reduced leverage and a stronger equity position. Return on equity has increased to 15.8% in 2025, showcasing improved profitability and efficient use of equity. The equity ratio has also strengthened, reflecting a solid financial position. However, the company should continue to monitor its debt levels to maintain financial stability.

Cash Flow

POPER Co., Ltd. has shown a robust increase in operating and free cash flows, with a significant free cash flow growth rate of 16% in 2024. The operating cash flow to net income ratio has improved, indicating better cash generation relative to net income. The free cash flow to net income ratio remains strong, suggesting efficient cash management. Continued focus on cash flow generation will be crucial for sustaining growth.

Breakdown	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Income Statement
Total Revenue	1.39B	1.07B	829.20M	665.33M	442.88M
Gross Profit	1.04B	797.59M	610.61M	476.24M	301.73M
EBITDA	165.61M	81.63M	37.44M	-22.92M	-176.89M
Net Income	138.76M	83.66M	26.41M	7.93M	-184.91M
Balance Sheet
Total Assets	1.24B	1.07B	878.44M	695.81M	346.71M
Cash, Cash Equivalents and Short-Term Investments	848.90M	705.96M	659.60M	505.58M	213.64M
Total Debt	128.81M	186.73M	114.50M	163.93M	176.97M
Total Liabilities	367.08M	347.20M	240.62M	289.21M	270.65M
Stockholders Equity	875.70M	723.39M	637.82M	406.60M	76.06M
Cash Flow
Free Cash Flow	212.23M	51.58M	3.03M	-14.78M	-159.79M
Operating Cash Flow	213.21M	61.01M	8.17M	-13.31M	-158.70M
Investing Cash Flow	-21.46M	-87.80M	-9.54M	-4.48M	-23.22M
Financing Cash Flow	-48.81M	73.16M	155.38M	309.72M	71.49M

POPER Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 529.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5134, the sentiment is Negative. The current price of 529 is above the 20-day moving average (MA) of 499.95, below the 50-day MA of 535.22, and below the 200-day MA of 934.72, indicating a bearish trend. The MACD of -22.33 indicates Negative momentum. The RSI at 42.25 is Neutral, neither overbought nor oversold. The STOCH value of 53.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5134.

POPER Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4060	74 Outperform	¥6.69B	25.18	―	0.57%	21.03%	32.29%
4397	68 Neutral	¥6.71B	16.64	―	―	11.32%	―
5033	66 Neutral	¥4.90B	13.29	―	―	7.60%	19.13%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
5134	61 Neutral	¥1.91B	13.74	―	―	29.72%	65.33%
4448	58 Neutral	¥12.34B	56.91	―	―	14.63%	-760.87%
4484	55 Neutral	¥5.10B	26.11	―	―	4.36%	-0.02%

POPER Co., Ltd. Corporate Events

POPER Targets Cram School Inefficiencies With Education Management Platform

POPER Co., Ltd. has built its business around a management platform for cram schools and other education providers, aiming to modernize back-office and communication workflows for institutions that have traditionally lagged in IT adoption. Leveraging CEO Shingo Kurihara’s background as a cram school manager, the company positions its core product, developed to resolve on-the-ground inefficiencies, as a way for schools to spend less time on administration and more time fostering direct engagement between children, parents, and educators, thereby enhancing its role in Japan’s evolving education technology market.

The most recent analyst rating on (JP:5134) stock is a Buy with a Yen655.00 price target. To see the full list of analyst forecasts on POPER Co., Ltd. stock, see the JP:5134 Stock Forecast page.