RVH Inc. (6786) AI Stock Analysis

• Market Cap: ¥1.37B
• Dividend Yield: N/A
• Average Volume (3M): 188.10K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.87
• Revenue Growth: 4.53%
• EPS Growth: 58.34%
• Country: JP
• Employees: 145
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.37
• Shares Outstanding: 25,321,760
• 10 Day Avg. Volume: 185,600
• 30 Day Avg. Volume: 188,100
• PEG Ratio: 0.11
• Price to Book (P/B): 2.40
• Price to Sales (P/S): 1.22
• P/FCF Ratio: -8.02
• 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: 52 Neutral
• Price Target: ¥53.00 ▲(3.92% Upside)
• Action: Reiterated Date: 01/20/26
• Date: Action: Reiterated 01/20/26

The score is primarily held back by weak financial performance, driven by ongoing profitability and cash flow challenges. Technical indicators are moderately supportive with positive momentum, but the stock appears near overbought levels. Valuation is difficult to justify on earnings due to losses and there is no dividend yield data to offset that risk.

Positive Factors

Strong Liquidity

A high cash and short-term investments balance provides durable runway that reduces near-term refinancing risk and funds product development or selective M&A. Even with cash burn, strong liquidity preserves optionality and gives management time to fix operations.

Reasonable Leverage / Stable Equity Base

A stable equity base and reasonable debt profile indicate a sound capital structure that supports resilience through cyclical periods. Lower structural leverage limits interest burden, preserving flexibility to invest in growth or restructure without immediate solvency pressure.

Early Margin and Revenue Improvements

A recent revenue uptick and slight gross margin improvement point to early operational progress or better product mix. If sustained, these trends can convert into operating leverage, helping close losses and improving cash generation over the medium term.

Negative Factors

Negative Cash Generation

Consistent negative operating and free cash flow is a durable risk: it erodes reserves, forces reliance on external financing, and constrains reinvestment. Without sustained cash generation, the company may need dilution or costly debt to fund operations.

Sustained Unprofitability

Negative EBIT and net margins reflect structural profitability issues that limit retained earnings and shareholder value creation. Persistent losses make it harder to attract capital on favorable terms and require meaningful operational or strategic changes to fix.

Weak Revenue Trend

A near-20% reported revenue decline is a durable headwind: it reduces scale, weakens unit economics, and lengthens the path to break-even. Revenue contraction increases pressure on margins and cash, making structural recovery the priority for long-term viability.

RVH Inc. Business Overview & Revenue Model

Company Description

RVH Inc. engages in the beauty care, systems development, graphics, and solar energy businesses in Japan. It operates FLASH, an eyelash salon, which provides eyelash extension treatment services; and sells cosmetics, health food products, etc. The company also provides FVT-air, a medical image display software for medical institutions; undertakes system development activities comprising embedded and IT systems development, inspection equipment solutions, and business management systems; and promotes and develops solar power plants on farmland, and regeneration of abandoned farmland and agriculture. In addition, it offers solutions and support for IT, personnel, and security in the fields of temporary staffing, system development, and PC recycling; and business system development and IT support through a lean system development system, as well as staffing for system engineering and back office, PC data deletion, and recycling services. The company was formerly known as RealVision Inc. and changed its name to RVH Inc. in April 2015. RVH Inc. was incorporated in 1996 and is headquartered in Tokyo, Japan.

How the Company Makes Money

RVH Inc. generates revenue primarily through the sale of its healthcare software solutions and telemedicine services. The company operates on a subscription-based model for its software platforms, allowing healthcare providers to access its services for a recurring fee. Additionally, RVH Inc. earns income from the sale of medical devices and peripherals that complement its software offerings. Partnerships with healthcare institutions and technology firms further bolster its revenue streams by expanding its customer base and enhancing product offerings. The growing demand for telehealth solutions, accelerated by recent global health trends, contributes significantly to the company's earnings.

RVH Inc. Financial Statement Overview

Summary

Income statement and cash flow are weak (negative EBIT/net income margins and negative operating/free cash flow). The balance sheet is relatively stronger with solid liquidity and a reasonable leverage profile, but profitability and cash generation remain key risks.

Income Statement

RVH Inc. has experienced fluctuating revenue trends with a recent increase from 2024 to 2025. However, the company is struggling with profitability, as indicated by negative EBIT and net income margins. The gross profit margin has improved slightly, but overall profitability remains a concern.

Balance Sheet

The balance sheet shows a stable equity base with a reasonable debt-to-equity ratio. However, the company has a high level of cash and short-term investments, which suggests a strong liquidity position. The equity ratio indicates a solid financial structure, but the company needs to address its profitability issues to enhance shareholder value.

Cash Flow

RVH Inc. has negative free cash flow, which is concerning for long-term sustainability. The operating cash flow is also negative, indicating challenges in generating cash from operations. Despite this, the company has managed its investing and financing activities to maintain liquidity.

Breakdown	TTM	Mar 2025	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	1.41B	1.47B	1.28B	1.30B	1.23B	1.47B
Gross Profit	453.94M	483.86M	395.79M	378.51M	284.68M	297.75M
EBITDA	-185.36M	-190.29M	-647.00M	-85.75M	-86.12M	-2.39B
Net Income	-249.53M	-230.86M	-813.12M	-183.18M	-119.54M	-5.45B
Balance Sheet
Total Assets	1.09B	1.05B	1.30B	2.09B	1.89B	2.59B
Cash, Cash Equivalents and Short-Term Investments	446.89M	525.56M	626.30M	615.66M	1.04B	930.54M
Total Debt	166.66M	111.33M	119.33M	109.58M	111.43M	128.91M
Total Liabilities	356.26M	301.06M	314.00M	295.49M	298.56M	938.97M
Stockholders Equity	733.74M	749.11M	981.99M	1.79B	1.59B	1.65B
Cash Flow
Free Cash Flow	0.00	-224.04M	-3.90M	74.84M	-1.07B	-50.96M
Operating Cash Flow	0.00	-213.80M	-2.19M	117.97M	-1.06B	-46.00M
Investing Cash Flow	0.00	124.36M	-5.53M	-641.64M	1.14B	-1.04B
Financing Cash Flow	0.00	-11.30M	18.36M	98.19M	25.10M	152.00M

RVH Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 51.00
• 50DMA: Negative
• 100DMA: Negative
• 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:6786, the sentiment is Negative. The current price of 51 is below the 20-day moving average (MA) of 58.10, below the 50-day MA of 56.34, and below the 200-day MA of 72.78, indicating a bearish trend. The MACD of -1.16 indicates Positive momentum. The RSI at 41.99 is Neutral, neither overbought nor oversold. The STOCH value of 20.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6786.

RVH Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3913	63 Neutral	¥2.51B	12.77	―	―	14.42%	3652.58%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
9215	56 Neutral	¥1.71B	36.11	―	―	6.84%	―
6786	52 Neutral	¥1.37B	-4.53	―	―	4.53%	58.34%
4179	48 Neutral	¥1.58B	-12.08	―	―	30.10%	40.65%
4424	45 Neutral	¥1.78B	-5.61	―	―	-20.74%	36.84%
3910	44 Neutral	¥1.66B	13.87	―	1.35%	9.45%	―