NETSTARS Co.,Ltd. (JP:5590)
:5590
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NETSTARS Co.,Ltd.
(5590)
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Rating:61Neutral
Price Target:
¥877.00
▼(-15.92% Downside)
Action:Reiterated
Date:03/24/26
The score is mainly supported by improving financial performance and a very conservative, debt-free balance sheet. Offsetting this, technicals are weak with the stock trading below key moving averages and negative MACD, and valuation is less compelling due to a high P/E with no dividend yield data.
Positive Factors
Payment aggregation platform (STAR Pay)
A unified QR payment aggregation platform is a durable business model: it reduces merchant integration costs, raises switching costs, and enables recurring transaction fee and subscription revenue. Over 2–6 months this supports steady take-rates as cashless adoption grows in Japan.
Negative Factors
Free cash flow decline and volatility
Year-to-year volatility and a recent FCF drop reduce confidence in predictable internal funding for growth or shareholder returns. Over the next several months this raises execution risk for scaling sales and sustaining marketing or tech investments without outside capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Payment aggregation platform (STAR Pay)
A unified QR payment aggregation platform is a durable business model: it reduces merchant integration costs, raises switching costs, and enables recurring transaction fee and subscription revenue. Over 2–6 months this supports steady take-rates as cashless adoption grows in Japan.
Read all positive factors
NETSTARS Co.,Ltd. (5590) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥13.39B
Dividend YieldN/A
Average Volume (3M)118.17K
Price to Earnings (P/E)23.2
Beta (1Y)0.58
Revenue Growth22.80%
EPS Growth232.75%
CountryJP
Employees223
SectorTechnology
Sector Strength88
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)18.27
Shares Outstanding16,890,800
10 Day Avg. Volume218,840
30 Day Avg. Volume118,166
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)2.21
Price to Sales (P/S)3.52
P/FCF Ratio7.12
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)44.1
Revenue Forecast (FY)¥6.00B
NETSTARS Co.,Ltd. Business Overview & Revenue Model
Company Description
NETSTARS Co.,Ltd. engages in the QR code payment business in Japan. The company offers StarPay, a multi-cashless payment solution that enables integrated application and management of payment services; StarPay-mini, a development platform for mini...
How the Company Makes Money
NETSTARS Co.,Ltd. generates revenue primarily through its payment aggregation services, where it facilitates transactions between merchants and end consumers by integrating multiple QR code-based payment methods into a single platform. The company...
NETSTARS Co.,Ltd. Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
82
Very Positive
Cash Flow
63
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.34B | 4.79B | 3.90B | 3.72B | 2.99B | 1.96B |
| Gross Profit | 3.35B | 3.67B | 2.98B | 2.62B | 1.86B | 1.03B |
| EBITDA | 553.83M | 538.48M | 138.29M | -136.78M | -435.81M | -925.84M |
| Net Income | 305.08M | 485.02M | -37.62M | -347.69M | -572.53M | -1.02B |
Balance Sheet | ||||||
| Total Assets | 38.27B | 38.35B | 35.74B | 28.36B | 21.58B | 18.51B |
| Cash, Cash Equivalents and Short-Term Investments | 36.41B | 36.21B | 33.88B | 26.52B | 19.75B | 16.89B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 31.07B | 30.72B | 28.63B | 21.29B | 15.12B | 11.50B |
| Stockholders Equity | 7.19B | 7.63B | 7.11B | 7.07B | 6.46B | 7.01B |
Cash Flow | ||||||
| Free Cash Flow | 2.62B | 2.36B | 7.51B | 5.83B | 2.81B | 6.77B |
| Operating Cash Flow | 2.62B | 2.38B | 7.51B | 6.01B | 3.22B | 7.06B |
| Investing Cash Flow | -58.00M | -111.55M | -200.56M | -187.02M | -377.98M | -642.60M |
| Financing Cash Flow | 0.00 | 66.00M | 9.92M | 933.50M | -600.00K | 4.32B |
NETSTARS Co.,Ltd. Technical Analysis
Negative
1043.00
Price Trends
802.66
Negative
849.37
Negative
976.82
Negative
Market Momentum
-7.66
Positive
45.45
Neutral
40.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5590, the sentiment is Negative. The current price of 1043 is above the 20-day moving average (MA) of 827.90, above the 50-day MA of 802.66, and above the 200-day MA of 976.82, indicating a bearish trend. The MACD of -7.66 indicates Positive momentum. The RSI at 45.45 is Neutral, neither overbought nor oversold. The STOCH value of 40.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5590.
NETSTARS Co.,Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥24.27B | 13.71 | ― | 2.50% | 16.18% | 28.23% | |
67 Neutral | ¥79.61B | 20.71 | ― | 2.02% | 7.88% | 6.55% | |
65 Neutral | ¥39.00B | 20.77 | ― | ― | 9.59% | 25.89% | |
64 Neutral | ¥79.92B | 10.60 | ― | 2.44% | 20.96% | 28.21% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ¥13.39B | 23.23 | ― | ― | 22.80% | 232.75% | |
51 Neutral | ¥10.53B | -155.62 | ― | ― | 7.94% | 92.47% |
* Technology Sector Average
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NETSTARS Co.,Ltd. Corporate Events
NETSTARS Delivers Strong Q1 Earnings and Raises Full-Year Growth Prospects
May 19, 2026
NETSTARS reported strong first-quarter results for the three months ended March 31, 2026, with net sales rising 26.6% year on year to ¥1.33 billion and profit attributable to owners of parent jumping to ¥137 million. Earnings per share m...
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.