SHIKIGAKU Co., Ltd. (7049) AI Stock Analysis

• Market Cap: ¥7.74B
• Dividend Yield: N/A
• Average Volume (3M): 25.90K
• Price to Earnings (P/E): 17.6
• Beta (1Y): 0.24
• Revenue Growth: 24.34%
• EPS Growth: 80.81%
• Country: JP
• Employees: 238
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): -6.32
• Shares Outstanding: 9,138,996
• 10 Day Avg. Volume: 38,640
• 30 Day Avg. Volume: 25,896
• PEG Ratio: -0.03
• Price to Book (P/B): 2.80
• Price to Sales (P/S): 1.32
• P/FCF Ratio: 15.01
• 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: 65 Neutral
• Price Target: ¥989.00 ▼(-0.30% Downside)
• Action: Reiterated Date: 10/02/25
• Date: Action: Reiterated 10/02/25

The overall stock score of 65 reflects SHIKIGAKU Co., Ltd.'s strong financial performance, with improvements in revenue and profitability metrics. However, technical indicators suggest weak momentum, and the valuation is moderate. The absence of a dividend yield and lack of recent earnings call or corporate events data limit additional insights.

Positive Factors

Recurring revenue model

A subscription-driven model to schools and corporates provides recurring, contract-like revenue and higher customer lifetime value. This structural revenue base supports predictability in cash flow, pricing power with institutional clients, and easier scaling over the next 2–6 months.

Revenue and margin recovery

Consistent revenue growth alongside a return to positive net margins indicates the business has moved past prior operating drag. Sustained top-line expansion with improving profitability suggests durable operating leverage and a higher chance of continued earnings retention over the medium term.

Improved cash generation

A move from negative to positive free cash flow and strong OCF-to-net-income conversion materially improves funding capacity for product development and working capital. Reliable cash generation reduces refinancing risk and supports strategic investments over the coming months.

Negative Factors

Prior operating losses

Historic negative operating margins show the business faced structural cost or scale issues recently. Although margins turned positive in 2025, the prior multi-year losses indicate execution risk remains and margins could revert if growth slows or costs re-emerge.

Volatile cash flows

Despite the recent FCF turnaround, past volatility implies cash generation is not yet consistently predictable. This raises the risk that short-term shocks or timing shifts in collections/clients could pressure liquidity and constrain discretionary spend or expansion plans.

Limited scale & disclosure

A small workforce and limited public communications reduce transparency and may reflect constrained scale versus larger edtech peers. Limited shareholder returns and sparse disclosure can make stakeholder confidence and capital access more sensitive to operational setbacks.

SHIKIGAKU Co., Ltd. Business Overview & Revenue Model

Company Description

SHIKIGAKU. Co., Ltd. provides management and organization consulting services for employees. The company operates through four segments: Organizational Consulting Business, Sports Entertainment Business, VC Fund Business, and Hands-On Support Fund Business. It offers corporate services, including human resource training, M&A intermediation and training, wisdom fund, recruitment consulting, and game-based knowledge experience program services; personal services; and open college services. The company also operates professional basketball team; sells game box office goods and tickets for basketball league; manages venture capital funds; and operation of hands-on support fund. In addition, it engages in the development and provision of Web based services based on knowledge; and publication of books. The company was incorporated in 2015 and is headquartered in Tokyo, Japan.

How the Company Makes Money

SHIKIGAKU Co., Ltd. generates revenue primarily through its consulting and educational services. The company's core revenue stream comes from offering workshops, seminars, and training sessions tailored to businesses seeking to improve their organizational effectiveness. These services are often sold as packages and can include ongoing support and consulting. Additionally, SHIKIGAKU Co., Ltd. may generate income from licensing its methodologies and frameworks to other organizations or educational institutions. Partnerships with corporations looking to implement Shikigaku's management theories further contribute to its earnings.

SHIKIGAKU Co., Ltd. Financial Statement Overview

Summary

SHIKIGAKU Co., Ltd. has shown strong revenue growth and improved profitability metrics, with a positive net profit margin in 2025. The balance sheet is stable with a healthy equity ratio and low debt-to-equity ratio. Cash flow has turned positive, indicating good cash generation, though historical volatility suggests potential liquidity risks.

Income Statement

The company has demonstrated strong revenue growth, particularly with a recent increase in total revenue by around 11.2% from 2024 to 2025. The gross profit margin remains robust, with a noticeable improvement in net profit margin turning positive in 2025. However, the company experienced negative EBIT and EBITDA margins in 2023 and 2024, indicating operational challenges that were reversed in 2025.

Balance Sheet

SHIKIGAKU Co., Ltd. maintains a relatively stable balance sheet with a healthy equity ratio of approximately 51.8% in 2025. The debt-to-equity ratio is low, reflecting conservative leverage. Return on equity has improved, turning positive in 2025, though prior years show fluctuations in profitability.

Cash Flow

The company has shown a significant turnaround in free cash flow with a positive growth rate from 2024 to 2025, following negative periods in previous years. The operating cash flow to net income ratio is strong, indicating good cash generation relative to profits, though historical volatility in cash flows suggests potential liquidity risks.

Breakdown	TTM	Feb 2025	Feb 2024	Feb 2023	Feb 2022	Feb 2021
Income Statement
Total Revenue	6.42B	5.37B	4.83B	4.46B	3.82B	2.51B
Gross Profit	4.56B	3.74B	3.43B	3.44B	2.77B	1.87B
EBITDA	1.06B	638.86M	-28.74M	-212.29M	623.00M	152.59M
Net Income	581.19M	426.57M	-97.76M	-252.10M	224.91M	-41.58M
Balance Sheet
Total Assets	5.32B	4.90B	4.56B	4.72B	4.09B	2.39B
Cash, Cash Equivalents and Short-Term Investments	3.85B	3.31B	3.00B	3.21B	2.74B	1.24B
Total Debt	204.90M	345.14M	640.62M	1.01B	384.83M	630.02M
Total Liabilities	1.48B	1.46B	1.47B	1.76B	1.36B	1.25B
Stockholders Equity	3.00B	2.54B	2.28B	2.39B	2.36B	897.96M
Cash Flow
Free Cash Flow	0.00	472.93M	-176.64M	-1.03B	335.58M	137.72M
Operating Cash Flow	0.00	168.30M	-171.00M	-939.73M	469.56M	181.22M
Investing Cash Flow	0.00	113.61M	-22.83M	-148.15M	-69.88M	-297.55M
Financing Cash Flow	0.00	-322.10M	-90.04M	1.10B	982.76M	315.48M

SHIKIGAKU Co., Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 992.00
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7049, the sentiment is Neutral. The current price of 992 is above the 20-day moving average (MA) of 924.55, above the 50-day MA of 940.34, and above the 200-day MA of 878.22, indicating a neutral trend. The MACD of -4.56 indicates Positive momentum. The RSI at 42.59 is Neutral, neither overbought nor oversold. The STOCH value of 22.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:7049.

SHIKIGAKU Co., Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6093	72 Outperform	¥7.86B	40.05	―	3.28%	5.33%	-38.75%
7371	66 Neutral	¥8.60B	22.63	―	1.98%	-0.42%	39.35%
7049	65 Neutral	¥7.74B	17.59	―	―	24.34%	80.81%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
6189	57 Neutral	¥8.00B	43.82	―	5.46%	2.08%	-71.90%
3840	42 Neutral	¥4.16B	-6.51	―	―	2.43%	-172.00%
7038	41 Neutral	¥6.54B	-5.93	―	―	18.82%	-894.46%

SHIKIGAKU Co., Ltd. Corporate Events

SHIKIGAKU Posts Strong Nine-Month Growth, Lifts Sales Outlook While Keeping Dividend at Zero

For the nine months ended November 30, 2025, SHIKIGAKU reported consolidated net sales of ¥5,139 million, up 28.1% year-on-year, with operating profit surging 177.9% to ¥794 million and ordinary profit rising 161.2% to ¥798 million; profit attributable to owners of parent edged up 3.9% to ¥392 million, and the equity-to-asset ratio improved to 55.4%, underscoring a stronger financial base. The company maintained a zero-dividend policy for the current fiscal year but revised its full-year forecast, now projecting ¥6,500 million in net sales and ¥500 million in operating profit, implying continued top-line growth but a profit decline versus the nine-month result, a stance that signals a focus on reinvestment and balance-sheet reinforcement rather than immediate shareholder payouts.

The most recent analyst rating on (JP:7049) stock is a Buy with a Yen956.00 price target. To see the full list of analyst forecasts on SHIKIGAKU Co., Ltd. stock, see the JP:7049 Stock Forecast page.