Want to see JP:5243 full AI Analyst Report?
Top Page
note inc.
(5243)
Select Model
Select Model
Rating:67Neutral
Price Target:
¥2,153.00
▲(31.92% Upside)
Action:Reiterated
Date:07/10/26
The score is primarily supported by improving financial performance, led by a profitability turnaround and strengthening cash generation, with manageable (though rising) leverage. Technicals are mixed with neutral momentum. Valuation is a headwind given the elevated P/E and no dividend yield data to offset it.
Positive Factors
High gross margins & profitability inflection
The company moved from multi-year operating losses to positive and improving operating profit while maintaining very high gross margins (~93–94%). That structural margin profile implies durable unit economics and scalability: revenue growth should flow through to profit as fixed costs are leveraged over time.
Negative Factors
Notable rise in debt
Total debt increased noticeably in 2025 versus 2024, which reduces prior balance-sheet optionality. Even with low overall leverage, a rising absolute debt load raises refinancing and interest-rate exposure and can limit capital allocation flexibility if growth or cash generation softens.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins & profitability inflection
The company moved from multi-year operating losses to positive and improving operating profit while maintaining very high gross margins (~93–94%). That structural margin profile implies durable unit economics and scalability: revenue growth should flow through to profit as fixed costs are leveraged over time.
Read all positive factors
note inc. (5243) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥41.24B
Dividend YieldN/A
Average Volume (3M)379.15K
Price to Earnings (P/E)36.9
Beta (1Y)1.02
Revenue Growth30.21%
EPS Growth488.52%
CountryJP
Employees158
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)57.71
Shares Outstanding19,369,600
10 Day Avg. Volume278,790
30 Day Avg. Volume379,153
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)8.93
Price to Sales (P/S)6.21
P/FCF Ratio65.39
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)25.2
Revenue Forecast (FY)¥4.90B
note inc. Business Overview & Revenue Model
Company Description
note inc. engages in the media platform, and IP content and content creation business in Japan. The company offers note, a C2C content platform that allows creators to create, publish, and sell digital content while communicating with users; note ...
note inc. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
69
Positive
| Breakdown | TTM | Nov 2025 | Nov 2024 | Nov 2023 | Nov 2022 | Nov 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.77B | 4.14B | 3.31B | 2.78B | 2.32B | 1.88B |
| Gross Profit | 4.39B | 3.88B | 3.11B | 2.56B | 2.08B | 1.63B |
| EBITDA | 777.88M | 277.08M | 86.15M | -398.79M | -733.26M | -418.75M |
| Net Income | 1.03B | 440.64M | 98.94M | -414.84M | -756.49M | -436.17M |
Balance Sheet | ||||||
| Total Assets | 10.93B | 6.15B | 3.77B | 3.31B | 3.30B | 1.75B |
| Cash, Cash Equivalents and Short-Term Investments | 7.37B | 3.06B | 2.15B | 1.99B | 2.19B | 872.08M |
| Total Debt | 0.00 | 682.50M | 80.00M | 160.00M | 160.00M | 160.00M |
| Total Liabilities | 3.21B | 3.27B | 2.05B | 1.75B | 1.49B | 1.18B |
| Stockholders Equity | 7.72B | 2.88B | 1.72B | 1.56B | 1.82B | 574.11M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 393.29M | 0.00 | -358.94M | -683.10M | -652.22M |
| Operating Cash Flow | 0.00 | 393.29M | 225.76M | -346.58M | -660.12M | -646.87M |
| Investing Cash Flow | -388.92M | -747.80M | -9.77M | -12.78M | -23.45M | -5.35M |
| Financing Cash Flow | 957.44M | 1.24B | -38.14M | 158.93M | 2.00B | 0.00 |
note inc. Technical Analysis
Positive
1632.00
Price Trends
1958.20
Positive
2194.67
Negative
2025.08
Positive
Market Momentum
22.14
Positive
54.97
Neutral
63.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5243, the sentiment is Positive. The current price of 1632 is below the 20-day moving average (MA) of 2093.70, below the 50-day MA of 1958.20, and below the 200-day MA of 2025.08, indicating a bullish trend. The MACD of 22.14 indicates Positive momentum. The RSI at 54.97 is Neutral, neither overbought nor oversold. The STOCH value of 63.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5243.
note inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥28.36B | 11.62 | ― | 0.66% | 16.53% | 76.82% | |
70 Outperform | ¥6.40B | 20.54 | ― | ― | 6.06% | 1.12% | |
67 Neutral | ¥41.24B | 36.89 | ― | ― | 30.21% | 488.52% | |
61 Neutral | ¥19.39B | 19.60 | ― | ― | 30.78% | 5.61% | |
60 Neutral | ¥8.83B | 44.69 | 1.68% | ― | -8.38% | -78.30% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
43 Neutral | ¥2.48B | -3.49 | ― | ― | -5.45% | -347.30% |
* General Sector Average
JP:5243
note inc.
2,288.00
946.00
70.49%
JP:2193
COOKPAD
122.00
-91.00
-42.72%
JP:3922
PR TIMES Corporation
2,045.00
-758.69
-27.06%
JP:3930
Hatena Co., Ltd.
750.00
-658.00
-46.73%
JP:4176
coconala Inc.
263.00
-205.00
-43.80%
JP:5139
OpenWork Inc.
935.00
-140.09
-13.03%
note inc. Corporate Events
note inc. Unveils Q2 Results and AI-Era Growth Strategy
Jul 7, 2026
note inc., listed on the TSE Growth market, reported its Q2 FY2026.11 financial results alongside an updated earnings outlook. The announcement also included details of its share-related information and investor relations initiatives, underscoring...
Note inc. Lifts Full-Year Earnings Forecast on Strong Core Business and AI-Driven Efficiency
Jul 7, 2026
Note inc. has raised its full-year consolidated earnings forecast for the fiscal year ending November 2026, citing stronger-than-expected performance in its core note, note pro and corporate services businesses. Net sales are now projected at 5,65...
Note Inc. Posts Surging Interim Profits and Raises Full-Year Forecast
Jul 7, 2026
Note Inc. reported strong interim results for the six months ended May 31, 2026, with revenues rising 32.2% year-on-year to ¥2.6 billion and interim profit attributable to owners of parent surging more than eightfold. Profitability metrics im...
Note inc. Posts Strong Q1 on AI-Driven Efficiency, Holds Full-Year Outlook
May 11, 2026
Note inc. reported strong first-quarter results for the fiscal year ending November 2026, with net sales rising 27.3% year-on-year to 1.218 billion yen and adjusted EBITDA surging over twelvefold to 255 million yen. Operating profit expanded sharp...
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.