tripla Co.,Ltd. (5136) AI Stock Analysis

• Market Cap: ¥7.67B
• Dividend Yield: N/A
• Average Volume (3M): 59.66K
• Price to Earnings (P/E): 19.9
• Beta (1Y): 0.90
• Revenue Growth: 37.82%
• EPS Growth: 138.16%
• Country: JP
• Employees: 158
• Sector: Technology
• Sector Strength: 88
• Industry: Internet Content & Information
• EPS (TTM): 32.88
• Shares Outstanding: 5,919,612
• 10 Day Avg. Volume: 66,110
• 30 Day Avg. Volume: 59,660
• PEG Ratio: 0.15
• Price to Book (P/B): 6.04
• Price to Sales (P/S): 3.88
• P/FCF Ratio: 1.18
• 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: 68 Neutral
• Price Target: ¥1,467.00 ▼(-26.43% Downside)
• Action: Downgraded Date: 03/05/26
• Date: Action: Downgraded 03/05/26

The score is primarily supported by strong financial performance, especially excellent cash flow quality and solid profitability. This is partially offset by weak technicals showing a pronounced downtrend and bearish momentum despite oversold readings. Valuation appears reasonable based on the provided P/E, but lacks dividend support due to missing yield data.

Positive Factors

Cash Generation

Tripla's operating cash flow significantly outpaces reported net income and free cash flow converts nearly one-to-one with net income. This durable cash conversion supports reinvestment in product development, funds working capital needs, and provides flexibility to weather travel-sector cyclicality over the next several months.

Profitability & Margin Sustainability

Consistently healthy gross and operating margins alongside double-digit revenue growth indicate structural pricing power and efficient cost management in its SaaS/travel-tech model. Strong margins create durable cash flow buffers and justify continued investment in customer retention and product enhancements.

High Return on Equity with Moderate Leverage

A high ROE demonstrates efficient use of shareholder capital and attractive unit economics for tripla's business. Moderate leverage indicates the company is using debt prudently to amplify returns while keeping interest exposure manageable, supporting sustainable profitability over the medium term.

Negative Factors

Low Equity Ratio / Balance-sheet Tightness

An equity ratio below typical benchmarks implies a thinner capital buffer against revenue shocks or cash-flow stress. Over a multi-month horizon this reduces financial resilience, may constrain large one-off investments, and increases reliance on external financing if growth or working capital needs accelerate.

Concentration in Travel & Hospitality Demand

Tripla's customer base is concentrated in hotels and accommodation, making revenues sensitive to travel demand cycles and lodging operator budgets. Structural shifts in travel patterns or prolonged softness in room rates can compress clients' tech spend and impair durable revenue growth and renewal dynamics.

Limited Scale / Small Workforce

A relatively small headcount limits capacity to scale sales, customer support, and product development versus larger travel-tech incumbents. Over 2-6 months this can slow enterprise expansion, delay integrations, and strain service levels as the company tries to grow or pursue new geographic markets.

tripla Co.,Ltd. Business Overview & Revenue Model

Company Description

tripla Co., Ltd. engages in travel agency and internet service business. The company offers triplaBook, a booking engine for hotels; triplaBot, an AI chatbot for marketing and promotion; tiplaPay for use in QR code payments; and triplaConnect, a CRM/MA tool for the hospitality industry. The company was incorporated in 2015 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Tripla Co., Ltd. generates revenue through multiple streams, primarily by offering subscription-based services for its travel management software to corporate clients, which allows businesses to streamline their travel arrangements. Additionally, the company earns income from transaction fees on hotel bookings made through its platform, as well as commissions from travel service providers. Significant partnerships with hotels, airlines, and other travel-related companies enhance its service offerings and contribute to its revenue by expanding the range of options available to users. Furthermore, the company may also engage in data monetization by providing insights and analytics to partners, thus diversifying its revenue sources.

tripla Co.,Ltd. Financial Statement Overview

Summary

Strong overall fundamentals supported by robust cash generation (cash flow score 90) and solid profitability and growth (income statement score 85). Balance sheet is stable with moderate leverage (debt-to-equity 0.61) and strong ROE (30.33%), though the equity ratio of 8.39% suggests some balance-sheet tightness.

Income Statement

tripla Co.,Ltd. has demonstrated strong revenue growth with a 10.33% increase in the latest year. The company maintains healthy margins, with a gross profit margin of 20.20% and a net profit margin of 19.50%. The EBIT and EBITDA margins are also robust at 21.22% and 26.16%, respectively, indicating efficient cost management and operational effectiveness.

Balance Sheet

The balance sheet shows a solid financial position with a debt-to-equity ratio of 0.61, reflecting moderate leverage. Return on equity is impressive at 30.33%, indicating effective use of shareholder funds. The equity ratio stands at 8.39%, suggesting a stable capital structure, though there is room for improvement in asset utilization.

Cash Flow

Cash flow analysis reveals a strong operating cash flow to net income ratio of 16.92, indicating excellent cash generation relative to earnings. The free cash flow to net income ratio is nearly 1, demonstrating efficient conversion of profits into cash. The company has shown consistent free cash flow growth, enhancing its financial flexibility.

Breakdown	TTM	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Income Statement
Total Revenue	2.33B	2.57B	1.87B	1.18B	817.79M	506.04M
Gross Profit	453.25M	519.84M	270.13M	177.12M	83.67M	279.49M
EBITDA	575.90M	673.34M	319.32M	171.32M	79.33M	-126.82M
Net Income	414.76M	501.82M	209.35M	165.99M	74.92M	-128.58M
Balance Sheet
Total Assets	13.74B	19.73B	10.96B	5.81B	1.88B	911.26M
Cash, Cash Equivalents and Short-Term Investments	12.42B	18.01B	9.72B	5.47B	1.68B	778.05M
Total Debt	1.13B	1.02B	1.24B	207.37M	233.76M	275.81M
Total Liabilities	12.37B	18.04B	9.86B	4.77B	1.66B	761.42M
Stockholders Equity	1.33B	1.65B	1.08B	1.04B	224.75M	149.84M
Cash Flow
Free Cash Flow	0.00	8.48B	3.95B	3.19B	940.39M	162.20M
Operating Cash Flow	0.00	8.49B	3.98B	3.19B	944.44M	166.68M
Investing Cash Flow	0.00	56.13M	-972.06M	-8.86M	-5.00M	601.00K
Financing Cash Flow	0.00	-207.53M	1.08B	606.83M	-42.05M	-4.19M

tripla Co.,Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1994.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5136, the sentiment is Negative. The current price of 1994 is above the 20-day moving average (MA) of 1575.65, above the 50-day MA of 1737.94, and above the 200-day MA of 1993.15, indicating a bearish trend. The MACD of -98.35 indicates Positive momentum. The RSI at 23.12 is Positive, neither overbought nor oversold. The STOCH value of 11.57 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5136.

tripla Co.,Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6180	75 Outperform	¥7.04B	15.62	―	3.29%	7.47%	55.61%
5136	68 Neutral	¥7.67B	19.92	―	―	37.82%	138.16%
5034	63 Neutral	¥9.16B	51.64	―	―	25.45%	138.14%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
4176	58 Neutral	¥6.83B	27.11	―	―	42.83%	26.89%
2489	57 Neutral	¥10.64B	40.80	―	1.09%	-5.70%	-215.73%
7356	45 Neutral	¥2.02B	83.90	―	―	4.36%	―

tripla Co.,Ltd. Corporate Events

tripla Posts Surge in Earnings and Assets, Projects Further Growth for FY2026

tripla Co., Ltd. reported strong consolidated results for the fiscal year ended October 31, 2025, with operating revenue rising 37.8% year on year to ¥2,573 million and profit attributable to owners of parent surging 139.7% to ¥501 million, driving basic earnings per share up to ¥85.34. Profitability ratios improved significantly, while total assets nearly doubled to ¥19,729 million and cash and cash equivalents climbed to ¥17,912 million, reflecting solid operating cash flow generation. The company expanded its global footprint by adding new consolidated subsidiaries in Hong Kong, the U.S., and the Philippines and removing one Singapore entity from scope, and despite the earnings growth it maintained a no-dividend policy. For the fiscal year ending October 31, 2026, tripla forecasts continued robust top-line growth, projecting a 35.7% increase in operating revenue to ¥3,493 million and modest further growth in bottom-line profit to ¥510 million, suggesting an emphasis on scaling its platform while consolidating profitability.

The most recent analyst rating on (JP:5136) stock is a Buy with a Yen2193.00 price target. To see the full list of analyst forecasts on tripla Co.,Ltd. stock, see the JP:5136 Stock Forecast page.