Ai Partners Financial Inc. (7345) AI Stock Analysis

• Market Cap: ¥3.64B
• Dividend Yield: 0.62%
• Average Volume (3M): 3.48K
• Price to Earnings (P/E): 14.0
• Beta (1Y): 0.39
• Revenue Growth: 1.87%
• EPS Growth: 51.81%
• Country: JP
• Employees: 39
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 12.42
• Shares Outstanding: 3,534,800
• 10 Day Avg. Volume: 3,580
• 30 Day Avg. Volume: 3,476
• PEG Ratio: 0.87
• Price to Book (P/B): 3.08
• Price to Sales (P/S): 0.51
• P/FCF Ratio: -191.51
• 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: 61 Neutral
• Price Target: ¥1,289.00 ▲(85.20% Upside)
• Action: Reiterated Date: 03/06/26
• Date: Action: Reiterated 03/06/26

The score is held back primarily by weak financial performance (declining revenue, net loss, and negative operating cash flow). Offsetting factors include strong price trend signals and supportive valuation metrics (moderate P/E and very high dividend yield), though overbought momentum indicators temper the technical outlook.

Positive Factors

Low leverage

Conservative leverage provides durable financial flexibility for an asset manager: low debt-to-equity reduces refinancing and interest pressure, supports capital allocation in downturns, and preserves capacity to invest in product or client retention over the coming months.

Prior free cash flow resilience

Historic positive free cash flow in prior years shows the business can generate cash from operations when conditions are normal. That retained operational cash capability is a durable buffer to fund investments, cover short-term losses, and support restructuring or product development.

Historical revenue growth

A multi-year revenue growth rate near 9.4% indicates underlying client demand or distribution traction. Sustained organic growth capacity supports scale economics and fee income stability for an asset manager, enabling gradual margin recovery if cost discipline continues.

Negative Factors

Profitability deterioration

Turning to a net loss and a negative EBIT margin is a structural concern: it erodes retained earnings, reduces reinvestment capacity, weakens ROE, and can impair client and investor confidence. Restoring consistent profitability will be necessary for long-term stability.

Negative operating cash flow

Negative operating cash flow indicates the core business failed to convert revenues into cash, a durable red flag. Persistent OCF deficits constrain liquidity, limit ability to fund growth or payouts, and increase reliance on external financing during recovery periods.

Declining equity ratio

A falling equity ratio signals weakening capitalization and rising financial risk. For an asset manager this can limit balance sheet flexibility, reduce resilience to client outflows, and make raising capital costlier or dilutive, all of which impair long-term strategic options.

Ai Partners Financial Inc. Business Overview & Revenue Model

Company Description

AI Partners Financial Inc. engages in the financial instruments intermediary business. The company was formerly known as i-Brain Co., Ltd. and changed its name to AI Partners Financial Inc. in February 2009. AI Partners Financial Inc. was incorporated in 2006 and is headquartered in Yokohama, Japan.

Ai Partners Financial Inc. Financial Statement Overview

Summary

Financials are pressured: revenue declined into 2025 and net income turned negative, with EBIT margin moving negative. Cash generation weakened as operating cash flow turned negative and free cash flow fell, though the balance sheet is supported by low leverage.

Income Statement

The income statement reveals a challenging financial situation. The company experienced a decline in total revenue from 2024 to 2025, with a negative net income in 2025 indicating profitability issues. The gross profit margin decreased slightly, and the EBIT margin turned negative, highlighting operational inefficiencies. Revenue growth has been inconsistent, with a notable decline in 2025.

Balance Sheet

The balance sheet indicates a moderate financial position. The debt-to-equity ratio is low, suggesting conservative leverage, which is a positive aspect. However, the equity ratio has decreased over time, indicating a potential increase in financial risk. The return on equity is negative in 2025 due to the net loss, which is a concern for shareholders.

Cash Flow

The cash flow statement shows mixed results. Operating cash flow turned negative in 2025, indicating potential cash management issues. Free cash flow also declined significantly, which could affect future investments and debt servicing. Despite these challenges, the company has managed to maintain a positive free cash flow in previous years, suggesting some resilience.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.74B	3.80B	3.73B	3.00B	3.81B	4.03B
Gross Profit	748.46M	751.93M	771.00M	665.21M	862.75M	1.05B
EBITDA	16.59M	19.31M	36.83M	-93.96M	131.97M	259.89M
Net Income	-10.62M	-9.73M	7.43M	-131.91M	64.87M	152.98M
Balance Sheet
Total Assets	1.00B	1.00B	1.08B	998.65M	1.21B	1.12B
Cash, Cash Equivalents and Short-Term Investments	488.00M	495.29M	518.73M	541.00M	664.56M	526.22M
Total Debt	7.39M	15.90M	24.01M	31.97M	10.69M	15.35M
Total Liabilities	401.00M	369.88M	449.19M	363.43M	334.81M	623.18M
Stockholders Equity	603.00M	630.26M	634.10M	635.22M	870.67M	494.43M
Cash Flow
Free Cash Flow	0.00	-10.15M	10.89M	-75.24M	-80.08M	290.99M
Operating Cash Flow	0.00	-3.02M	14.49M	-61.53M	-60.06M	311.95M
Investing Cash Flow	0.00	-5.44M	-6.62M	-12.58M	-35.65M	-19.47M
Financing Cash Flow	0.00	-14.97M	-31.45M	-108.50M	294.40M	-4.32M

Ai Partners Financial Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 696.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7345, the sentiment is Positive. The current price of 696 is below the 20-day moving average (MA) of 1066.20, below the 50-day MA of 926.02, and above the 200-day MA of 681.23, indicating a bullish trend. The MACD of 80.84 indicates Negative momentum. The RSI at 68.52 is Neutral, neither overbought nor oversold. The STOCH value of 75.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7345.

Ai Partners Financial Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3772	69 Neutral	¥20.02B	169.87	―	1.85%	-40.77%	-91.81%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
7345	61 Neutral	¥3.64B	14.05	―	0.62%	1.87%	51.81%
9257	54 Neutral	¥17.03B	31.40	―	0.24%	―	―
2134	50 Neutral	¥16.43B	-12.65	―	―	-21.88%	17.12%
8518	46 Neutral	¥4.41B	-4.99	4.15%	―	-6.60%	―