Metareal Corp. (6182) AI Stock Analysis

• Market Cap: ¥5.49B
• Dividend Yield: N/A
• Average Volume (3M): 63.44K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.22
• Revenue Growth: -0.62%
• EPS Growth: -93.84%
• Country: JP
• Employees: 157
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 5.66
• Shares Outstanding: 10,888,060
• 10 Day Avg. Volume: 111,260
• 30 Day Avg. Volume: 63,443
• PEG Ratio: -0.52
• Price to Book (P/B): 3.38
• Price to Sales (P/S): 1.71
• P/FCF Ratio: -46.92
• 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: 60 Neutral
• Price Target: ¥547.00 ▲(9.62% Upside)
• Action: Reiterated Date: 01/16/26
• Date: Action: Reiterated 01/16/26

The score is primarily driven by a stable balance sheet but tempered by inconsistent revenue/net income and pressured free cash flow. Technically, the trend is positive yet appears overextended, and valuation is weakened by a negative P/E with no dividend yield data to offset it.

Positive Factors

Stable balance sheet

A healthy equity ratio and manageable leverage indicate a durable capital structure that supports investment and cushions downturns. Improving ROE noted in the summary suggests better capital utilization, enabling long-term strategic flexibility and lower financing risk.

Strong gross profit margin

Sustainably strong gross margins point to effective cost controls or pricing power in the core business, which underpin long-term profitability. This margin strength provides a buffer during revenue variability and supports reinvestment in product and service improvements.

Operating cash generation

Positive operating cash flow relative to net income shows the core operations convert earnings into cash, enabling capex funding and debt service without resorting to equity or external financing. This persistently supports operational resilience and execution of strategic plans.

Negative Factors

Volatile net income

Significant net income volatility reduces earnings predictability and complicates long-term planning. Fluctuating net margins can impair the firm’s ability to fund consistent dividends, reinvestment, or to execute multi-year strategies, raising execution and investor-return risks.

Pressured free cash flow

Declining free cash flow constrains the company’s capacity to invest, pay down debt, or return capital. Even with positive operating cash, weaker FCF suggests higher capex or working capital demands, limiting long-term financial flexibility and increasing reliance on external financing.

Inconsistent revenue growth

Irregular revenue trends and a recent decline weaken the company’s growth visibility and may reflect competitive pressure or demand cyclicality. Persistent top-line inconsistency makes margin improvement and multi-year investment planning more uncertain.

Metareal Corp. Business Overview & Revenue Model

Company Description

MetaReal Corporation develops, administers, and sells AI automatic translation services. It offers AI and professional translation services; wearable devices for construction industry; xR system; AIaaS; virtual overseas travel business for C-to-C field; and VR-related products and solutions. It also provides AI generation; metaverse services; crowdsourcing services; translation and interpretation services; and corporate in-house language training services. The company was formerly known as Rozetta Corp. and changed its name to MetaReal Corporation in September 2021. MetaReal Corporation was incorporated in 1952 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Metareal Corp. generates revenue through multiple streams, primarily by selling software licenses for its virtual reality and augmented reality platforms to various industries including real estate, construction, and gaming. The company also offers subscription-based services that provide ongoing access to its software and updates, which creates a steady income flow. Additionally, Metareal Corp. engages in strategic partnerships with technology firms and real estate companies, enhancing its product offerings and expanding its market reach. These collaborations often involve joint ventures that can lead to shared revenue opportunities. Furthermore, custom project services, where the company develops tailored solutions for specific client needs, contribute to its revenues, allowing it to capitalize on specialized client demands.

Metareal Corp. Financial Statement Overview

Summary

Solid balance sheet with a healthy equity ratio and manageable leverage, but income performance is mixed: strong gross margin yet volatile net income and inconsistent revenue growth. Cash flow conversion is pressured with recent free cash flow declines.

Income Statement

Metareal Corp. shows a mixed performance in its income statement. The gross profit margin remains strong, indicating effective cost management. However, the net profit margin has been volatile, with significant fluctuations in net income over the years. Revenue growth has been inconsistent, with a decline in the most recent period. EBIT and EBITDA margins are moderate, suggesting room for improvement in operational efficiency.

Balance Sheet

The balance sheet reflects a stable financial position with a healthy equity ratio, indicating a strong capital structure. The debt-to-equity ratio is manageable, showing prudent leverage. Return on equity has been improving, pointing to better utilization of shareholder funds. However, the company should monitor its liabilities to ensure continued financial stability.

Cash Flow

Cash flow analysis reveals challenges in maintaining consistent free cash flow growth, with recent declines. The operating cash flow to net income ratio is positive, indicating good cash generation relative to net income. However, the free cash flow to net income ratio has been under pressure, suggesting potential issues in converting earnings into cash.

Breakdown	TTM	Feb 2025	Feb 2024	Feb 2023	Feb 2022	Feb 2021
Income Statement
Total Revenue	4.07B	4.08B	4.18B	4.29B	4.16B	4.00B
Gross Profit	2.57B	2.70B	2.82B	2.79B	2.62B	2.62B
EBITDA	234.82M	713.30M	1.18B	705.12M	-655.29M	581.61M
Net Income	214.43M	299.07M	534.13M	29.63M	-1.24B	-68.69M
Balance Sheet
Total Assets	4.85B	5.03B	4.46B	4.22B	4.91B	5.82B
Cash, Cash Equivalents and Short-Term Investments	2.95B	2.90B	3.08B	2.52B	2.40B	2.28B
Total Debt	1.43B	1.68B	1.46B	1.74B	1.96B	1.89B
Total Liabilities	2.95B	2.96B	2.78B	3.09B	3.81B	3.37B
Stockholders Equity	1.90B	2.07B	1.68B	1.13B	1.10B	2.41B
Cash Flow
Free Cash Flow	0.00	-149.04M	858.61M	361.63M	123.30M	231.27M
Operating Cash Flow	0.00	61.47M	930.88M	507.33M	523.37M	903.45M
Investing Cash Flow	0.00	-132.98M	-122.01M	-155.74M	-351.24M	-1.52B
Financing Cash Flow	0.00	-102.93M	-271.87M	-217.88M	-49.09M	1.92B

Metareal Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 499.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6182, the sentiment is Positive. The current price of 499 is below the 20-day moving average (MA) of 528.60, below the 50-day MA of 503.60, and below the 200-day MA of 545.95, indicating a neutral trend. The MACD of 1.22 indicates Positive momentum. The RSI at 54.67 is Neutral, neither overbought nor oversold. The STOCH value of 58.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6182.

Metareal Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3940	78 Outperform	¥6.72B	16.54	―	2.43%	2.92%	-0.94%
5576	77 Outperform	¥6.49B	12.26	―	3.13%	6.08%	0.53%
8226	73 Outperform	¥8.38B	14.80	―	1.27%	12.64%	12.70%
3988	68 Neutral	¥5.84B	14.48	―	1.23%	11.62%	-16.59%
6888	68 Neutral	¥5.35B	15.74	―	4.69%	0.95%	-8.59%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
6182	60 Neutral	¥5.49B	-41.23	―	―	-0.62%	-93.84%

Metareal Corp. Corporate Events

MetaReal Posts Higher Sales but Swings to Loss as It Reshapes Portfolio Around AI and Metaverse

MetaReal Corp. reported consolidated net sales of ¥3.37 billion for the nine months to November 30, 2025, up 8.2% year on year, but operating income fell 61.7% to ¥117 million and the company booked a small net loss attributable to owners of the parent, reflecting sharply weaker profitability despite modest top-line growth. The balance sheet remained relatively stable with total assets of ¥5.15 billion and a shareholders’ equity ratio of 37.9%, while the company maintained a zero-dividend policy and left its full-year forecast unchanged, projecting a 10.2% rise in sales to ¥4.5 billion but a 96.7% plunge in net profit to ¥10 million; segment guidance highlights pressure on the core AI business, a steep sales decline in HT, strong growth but loss-making metaverse operations, and the launch of a new AI/MV marketing business via M&A as MetaReal reshapes its portfolio for longer-term growth amid volatile revenue recognition in AI-related projects.

The most recent analyst rating on (JP:6182) stock is a Hold with a Yen492.00 price target. To see the full list of analyst forecasts on Metareal Corp. stock, see the JP:6182 Stock Forecast page.