For Startups, Inc. (7089) AI Stock Analysis

• Market Cap: ¥6.26B
• Dividend Yield: N/A
• Average Volume (3M): 22.92K
• Price to Earnings (P/E): 12.4
• Beta (1Y): 0.52
• Revenue Growth: 21.37%
• EPS Growth: 93.71%
• Country: JP
• Employees: 194
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): 20.09
• Shares Outstanding: 6,601,200
• 10 Day Avg. Volume: 11,090
• 30 Day Avg. Volume: 22,923
• PEG Ratio: -1.43
• Price to Book (P/B): 1.80
• Price to Sales (P/S): 1.05
• P/FCF Ratio: -341.02
• 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: 68 Neutral
• Price Target: ¥1,031.00 ▼(-46.41% Downside)

The score is primarily supported by solid financial performance (strong growth, healthy margins, and low leverage), but is held back by profitability softness and negative free cash flow. Technical indicators also show weak near-term momentum, while valuation appears reasonable based on the P/E.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong demand for the company's services and effective market strategies, supporting long-term business expansion.

Operational Efficiency

Healthy EBIT and EBITDA margins reflect effective cost management and operational efficiency, which are crucial for sustaining profitability over time.

Governance and Strategic Direction

The addition of experienced leadership can enhance governance and strategic direction, potentially driving better decision-making and long-term growth.

Negative Factors

Decline in Profitability

A decline in profitability despite revenue growth suggests challenges in cost control or pricing strategy, which could impact long-term financial health.

Negative Free Cash Flow

Negative free cash flow indicates potential liquidity issues, which could constrain the company's ability to invest in growth opportunities or manage debt.

Decline in Return on Equity

A declining return on equity suggests reduced efficiency in generating profits from shareholders' equity, potentially affecting investor confidence and future capital raising.

For Startups, Inc. Business Overview & Revenue Model

Company Description

for Startups, Inc. operates growth industry support platform in Japan. The company was founded in 2016 and is headquartered in Tokyo, Japan.

How the Company Makes Money

For Startups, Inc. generates revenue through a combination of subscription fees, consulting services, and commission-based models. The company charges startups subscription fees for accessing its platform, which offers a range of networking and investment opportunities. Additionally, For Startups, Inc. provides consulting services to both startups and investors, helping them to navigate the complexities of business growth and investment strategies. The company also earns commissions from successful funding rounds facilitated through its platform, as well as from talent acquisition services where it connects startups with potential employees. Strategic partnerships with venture capital firms and corporate investors further enhance its revenue streams by providing additional business opportunities and expanding its network reach.

For Startups, Inc. Financial Statement Overview

Summary

For Startups, Inc. demonstrates robust revenue growth and operational efficiency with strong margins and a healthy balance sheet. However, a decline in net income and negative free cash flow indicate challenges in sustaining profitability and managing cash flow.

Income Statement

For Startups, Inc. has shown impressive revenue growth over the years, with a notable increase from 2021 to 2025. The gross profit margin remains strong, reflecting efficient cost management and pricing strategies. However, there is a slight decline in net income from 2024 to 2025, indicating potential challenges in maintaining profitability levels. EBIT and EBITDA margins are healthy, showcasing operational efficiency.

Balance Sheet

The company has a solid equity base with a favorable equity ratio and low debt levels, indicating financial stability and low leverage risk. However, the decline in stockholders' equity from 2024 to 2025 is a point of concern. The return on equity has decreased, suggesting a need to enhance profit-generating capabilities or asset utilization.

Cash Flow

Operating cash flow has improved significantly from 2024 to 2025, indicating enhanced cash-generating efficiency. However, the free cash flow turned negative in 2025 due to higher capital expenditures, which could impact liquidity. The operating cash flow to net income ratio reflects strong cash conversion, but the negative free cash flow requires attention to ensure sustainable growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	3.94B	3.69B	3.42B	3.00B	2.35B	1.27B
Gross Profit	3.27B	3.01B	2.72B	2.46B	1.87B	1.06B
EBITDA	648.40M	522.94M	453.21M	604.44M	525.85M	147.06M
Net Income	445.05M	353.75M	386.00M	442.40M	382.57M	95.17M
Balance Sheet
Total Assets	3.97B	3.67B	3.24B	2.97B	2.56B	1.40B
Cash, Cash Equivalents and Short-Term Investments	2.71B	2.27B	2.03B	2.21B	1.87B	1.04B
Total Debt	484.50M	513.00M	0.00	66.67M	183.34M	150.00M
Total Liabilities	1.27B	1.19B	696.20M	779.33M	866.32M	358.93M
Stockholders Equity	2.28B	2.17B	2.21B	1.79B	1.53B	1.04B
Cash Flow
Free Cash Flow	0.00	-11.40M	178.72M	-119.21M	556.99M	21.42M
Operating Cash Flow	0.00	355.67M	179.00M	-35.08M	605.50M	28.48M
Investing Cash Flow	0.00	-252.50M	-293.89M	-90.71M	-168.16M	-13.97M
Financing Cash Flow	0.00	149.61M	-43.19M	153.29M	237.47M	212.09M

For Startups, Inc. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 1924.00
• 50DMA: Negative
• 100DMA: Negative
• 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:7089, the sentiment is Neutral. The current price of 1924 is above the 20-day moving average (MA) of 969.52, above the 50-day MA of 973.82, and above the 200-day MA of 825.38, indicating a neutral trend. The MACD of -12.94 indicates Positive momentum. The RSI at 45.97 is Neutral, neither overbought nor oversold. The STOCH value of 24.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:7089.

For Startups, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4177	81 Outperform	¥5.98B	10.07	―	―	10.47%	229.21%
2410	79 Outperform	¥13.12B	12.05	―	4.18%	5.14%	17.12%
3991	78 Outperform	¥11.33B	10.45	―	1.72%	3.95%	4.50%
7089	68 Neutral	¥6.26B	12.36	―	―	21.37%	93.71%
4433	64 Neutral	¥18.93B	22.19	―	3.66%	8.62%	―
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
6551	61 Neutral	¥6.47B	12.36	―	1.87%	11.47%	45.70%

For Startups, Inc. Corporate Events

For Startups, Inc. Adopts Co-Representative Director System

For Startups, Inc. has announced a change in its leadership structure by adopting a Co-Representative Director System, effective January 1, 2026. This strategic move aims to enhance the company’s management foundation and expedite decision-making to better respond to the evolving business environment.

The most recent analyst rating on (JP:7089) stock is a Buy with a Yen1496.00 price target. To see the full list of analyst forecasts on For Startups, Inc. stock, see the JP:7089 Stock Forecast page.

For Startups, Inc. Forms Strategic Alliance with SPARX Group

For Startups, Inc. has announced a capital and business alliance with SPARX Group Co., Ltd., a leading Japanese investment firm. This partnership aims to enhance talent introduction services for SPARX’s portfolio companies, thereby expanding job opportunities and contributing to the development of the startup ecosystem. The collaboration is expected to increase corporate value for both parties and foster growth in the startup and growth industry sectors.

The most recent analyst rating on (JP:7089) stock is a Buy with a Yen1496.00 price target. To see the full list of analyst forecasts on For Startups, Inc. stock, see the JP:7089 Stock Forecast page.

For Startups, Inc. Announces Stock Split and Articles Amendment

For Startups, Inc. has announced a two-for-one stock split to increase share liquidity and broaden its investor base, effective January 1, 2026. The company will also amend its Articles of Incorporation to reflect the increased total number of authorized shares, which is expected to positively impact market accessibility and shareholder value.

The most recent analyst rating on (JP:7089) stock is a Buy with a Yen1496.00 price target. To see the full list of analyst forecasts on For Startups, Inc. stock, see the JP:7089 Stock Forecast page.

For Startups, Inc. Reports Valuation Loss Amid Positive Earnings Forecast

For Startups, Inc. has announced a valuation loss of ¥93 million on its operational investment securities for the second quarter of the fiscal year ending March 31, 2026. Despite this loss, the company reports that its net sales and profits are exceeding initial plans, indicating a positive trajectory in its financial performance.

The most recent analyst rating on (JP:7089) stock is a Buy with a Yen1496.00 price target. To see the full list of analyst forecasts on For Startups, Inc. stock, see the JP:7089 Stock Forecast page.

For Startups, Inc. Announces Upward Revision of Earnings Forecast

For Startups, Inc. has revised its earnings forecast for the fiscal year ending March 31, 2026, projecting significant increases in net sales and profits. This upward revision is attributed to improved productivity in the Human Capital segment and better-than-expected progress in the Open Innovation segment, leading to higher-than-anticipated financial performance.

The most recent analyst rating on (JP:7089) stock is a Buy with a Yen1496.00 price target. To see the full list of analyst forecasts on For Startups, Inc. stock, see the JP:7089 Stock Forecast page.

For Startups, Inc. Reports Strong Financial Growth in First Half of Fiscal Year 2026

For Startups, Inc. reported significant growth in its financial results for the six months ending September 30, 2025, with net sales increasing by 33% and profit attributable to owners rising by 143.3% compared to the previous year. This robust performance reflects the company’s strengthened market position and operational efficiency, indicating positive implications for stakeholders and potential future growth.

The most recent analyst rating on (JP:7089) stock is a Buy with a Yen1496.00 price target. To see the full list of analyst forecasts on For Startups, Inc. stock, see the JP:7089 Stock Forecast page.