SMN Corporation (6185) AI Stock Analysis

• Market Cap: ¥6.61B
• Dividend Yield: N/A
• Average Volume (3M): 100.85K
• Price to Earnings (P/E): 22.4
• Beta (1Y): 0.88
• Revenue Growth: 21.35%
• EPS Growth: N/A
• Country: JP
• Employees: 346
• Sector: Communication Services
• Sector Strength: 90
• Industry: Internet Content & Information
• EPS (TTM): 20.02
• Shares Outstanding: 14,777,555
• 10 Day Avg. Volume: 87,120
• 30 Day Avg. Volume: 100,853
• PEG Ratio: 1.05
• Price to Book (P/B): 1.38
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 84.62
• 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

• Rating: 71 Outperform
• Price Target: ¥478.00 ▲(6.46%Upside)

SMN Corporation's strong financial recovery and positive technical momentum are the primary drivers of its stock score. The solid balance sheet and operational improvements support the stock's growth potential. The valuation is adequate, though historical volatility requires vigilance.

SMN Corporation Business Overview & Revenue Model

Company Description

SMN Corporation (6185) is a technology company based in Japan that specializes in digital marketing solutions and services. The company operates in sectors such as digital advertising, data analytics, and marketing automation, providing businesses with tools to optimize their advertising strategies and enhance customer engagement through data-driven insights.

How the Company Makes Money

SMN Corporation generates revenue primarily through its digital marketing services and solutions. The company offers a range of products that help businesses manage and optimize their advertising campaigns across various digital platforms. Key revenue streams include fees from advertising services, subscription revenues from marketing software, and consulting services. Significant partnerships with technology and media companies enhance its service offerings and contribute to its earnings by expanding its customer base and technological capabilities.

SMN Corporation Financial Statement Overview

Summary

SMN Corporation shows a strong recovery in profitability and cash flow, supported by a solid balance sheet with low leverage. The company has effectively improved its net profit margin and operational efficiency. However, historical revenue volatility and past profitability challenges require monitoring.

Income Statement

SMN Corporation's revenue has shown volatility over the years, with a recent increase of 24.7% in 2025. The gross profit margin stands at 20.41% for 2025, indicating moderate profitability. However, the net profit margin has improved significantly to 2.51% in 2025 from a negative margin in previous years, showing signs of recovery. EBIT and EBITDA margins are also recovering, with notable improvements in 2025, reflecting better operational efficiency.

Balance Sheet

The company's balance sheet reflects a strong equity position, with an equity ratio of 66.74% in 2025, indicating financial stability. The debt-to-equity ratio has significantly improved to 0.02, showing low leverage. Return on equity (ROE) turned positive in 2025 at 7.33%, highlighting improved profitability. Overall, SMN Corporation exhibits a solid financial foundation with minimal debt.

Cash Flow

Cash flow from operations has shown robust growth, with a significant increase in free cash flow by 2,186% in 2025. The operating cash flow to net income ratio is favorable, indicating strong cash generation relative to reported profits. The company has effectively managed its capital expenditures, resulting in substantial free cash flow, supporting its financial flexibility and potential for reinvestment.

Breakdown
TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement		Total Revenue
11.01B	11.64B	9.34B	11.79B	13.36B	12.12B
	Gross Profit
2.55B	2.38B	2.60B	2.61B	3.13B	2.82B
	EBIT
274.51M	239.16M	102.21M	17.26M	127.28M	303.88M
	EBITDA
-173.42M	890.33M	-196.16M	813.69M	778.81M	838.05M
	Net Income Common Stockholders
-821.20M	291.75M	-1.03B	-117.09M	-228.58M	-38.30M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.20B	2.48B	2.44B	2.60B	2.28B	2.05B
	Total Assets
5.23B	5.96B	6.67B	8.14B	8.32B	8.24B
	Total Debt
78.00M	76.00M	1.25B	1.48B	1.71B	1.74B
	Net Debt
-2.12B	-2.40B	-1.19B	-1.12B	-570.13M	-312.42M
	Total Liabilities
1.55B	1.98B	2.97B	3.41B	3.92B	3.67B
	Stockholders Equity
3.69B	3.98B	3.67B	4.69B	4.38B	4.55B
Cash Flow		Free Cash Flow
0.00	1.30B	56.69M	76.38M	214.08M	-154.95M
	Operating Cash Flow
0.00	1.32B	521.90M	703.80M	946.09M	640.99M
	Investing Cash Flow
0.00	-103.23M	-463.17M	-597.29M	-726.39M	-2.25B
	Financing Cash Flow
0.00	-1.18B	-228.75M	204.17M	-1.46M	1.56B

SMN Corporation Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 449.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6185, the sentiment is Neutral. The current price of 449 is below the 20-day moving average (MA) of 451.10, above the 50-day MA of 415.24, and above the 200-day MA of 361.51, indicating a neutral trend. The MACD of 8.68 indicates Positive momentum. The RSI at 50.71 is Neutral, neither overbought nor oversold. The STOCH value of 11.11 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:6185.

SMN Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3770	72 Outperform	¥3.91B	19.43		1.26%	-2.62%	―
6562	71 Outperform	¥18.57B	11.60		―	41.30%	127.51%
6185	71 Outperform	¥6.61B	22.43		―	21.35%	―
5571	68 Neutral	¥5.36B	29.19		2.72%	14.37%	-6.48%
Sector *	61 Neutral	$14.79B	5.90	-3.99%	6.20%	2.67%	-30.30%
6049	61 Neutral	¥6.37B	74.96		―	-1.06%	-59.02%