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Starts Publishing Corporation
(7849)
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Rating:71Outperform
Price Target:
¥4,144.00
▲(7.64% Upside)
Action:Reiterated
Date:05/14/26
The score is primarily supported by strong underlying financial quality—especially the debt-free balance sheet—and reasonable valuation with a solid dividend yield. These positives are tempered by weak technicals (below key moving averages and negative MACD), which indicate current market momentum is unfavorable.
Positive Factors
Debt-free balance sheet
A zero-debt, conservatively funded balance sheet gives durable financial flexibility: it lowers default risk, supports continued content investment and licensing deals, enables steady dividends or buybacks, and allows the company to fund digital transition or acquisitions without reliance on markets.
Negative Factors
Revenue weakness
A declining top line, even modest, signals structural challenges in content acquisition, audience growth or channel monetization. Over several quarters this reduces scalability of fixed-cost investments, pressures long-term growth potential, and makes sustaining margins harder without hit titles.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
A zero-debt, conservatively funded balance sheet gives durable financial flexibility: it lowers default risk, supports continued content investment and licensing deals, enables steady dividends or buybacks, and allows the company to fund digital transition or acquisitions without reliance on markets.
Read all positive factors
Starts Publishing Corporation (7849) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥12.54B
Dividend Yield3.16%
Average Volume (3M)2.57K
Price to Earnings (P/E)10.0
Beta (1Y)0.39
Revenue Growth-1.07%
EPS Growth-25.73%
CountryJP
Employees235
SectorCommunication Services
Sector Strength97
IndustryPublishing
Share Statistics
EPS (TTM)327.66
Shares Outstanding3,840,000
10 Day Avg. Volume3,710
30 Day Avg. Volume2,566
Financial Highlights & Ratios
PEG Ratio-0.43
Price to Book (P/B)1.36
Price to Sales (P/S)1.79
P/FCF Ratio18.46
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)416.7
Revenue Forecast (FY)¥9.30B
Starts Publishing Corporation Business Overview & Revenue Model
Company Description
Starts Publishing Corporation is a Japanese media enterprise primarily active in the publishing domain. The company produces a variety of magazines, such as Oz magazine, Oz magazine trip, Metro Minutes, and Aerde. Complementing its print offerings...
How the Company Makes Money
The company primarily earns revenue by monetizing intellectual property (IP) it publishes and distributes. Key revenue streams typically include: (1) sales of physical publications (e.g., tankōbon/compiled manga volumes and books) through bookstor...
Starts Publishing Corporation Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
92
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.21B | 8.14B | 8.58B | 8.34B | 7.02B | 5.52B |
| Gross Profit | 4.15B | 4.18B | 4.74B | 4.55B | 3.59B | 2.59B |
| EBITDA | 1.70B | 1.83B | 2.41B | 2.34B | 1.67B | 940.27M |
| Net Income | 1.26B | 1.38B | 1.83B | 1.78B | 1.17B | 566.48M |
Balance Sheet | ||||||
| Total Assets | 12.81B | 12.90B | 12.34B | 10.59B | 8.83B | 6.84B |
| Cash, Cash Equivalents and Short-Term Investments | 7.07B | 7.07B | 7.72B | 6.34B | 4.85B | 3.79B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.24B | 2.13B | 2.58B | 2.42B | 2.44B | 1.56B |
| Stockholders Equity | 10.57B | 10.77B | 9.77B | 8.17B | 6.39B | 5.28B |
Cash Flow | ||||||
| Free Cash Flow | 815.62M | 791.56M | 1.63B | 1.63B | 1.15B | 1.17B |
| Operating Cash Flow | 822.14M | 798.75M | 1.69B | 1.70B | 1.25B | 1.21B |
| Investing Cash Flow | -3.03B | -985.10M | 33.00M | -92.53M | -103.65M | -54.05M |
| Financing Cash Flow | -456.20M | -459.41M | -344.00M | -115.72M | -76.66M | -67.12M |
Starts Publishing Corporation Technical Analysis
Negative
3850.00
Price Trends
3514.66
Negative
3690.74
Negative
3767.63
Negative
Market Momentum
-63.39
Negative
39.91
Neutral
30.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7849, the sentiment is Negative. The current price of 3850 is above the 20-day moving average (MA) of 3257.60, above the 50-day MA of 3514.66, and above the 200-day MA of 3767.63, indicating a neutral trend. The MACD of -63.39 indicates Negative momentum. The RSI at 39.91 is Neutral, neither overbought nor oversold. The STOCH value of 30.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:7849.
Starts Publishing Corporation Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥3.51B | 8.14 | ― | 2.95% | 9.54% | 5.99% | |
71 Outperform | ¥12.54B | 9.96 | ― | 3.16% | -1.07% | -25.73% | |
62 Neutral | ¥20.01B | 10.98 | ― | 2.01% | 6.50% | 33.18% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | ¥8.89B | 7.26 | ― | 1.06% | 7.53% | 125.42% | |
44 Neutral | ¥2.38B | -59.86 | ― | ― | 8.82% | -48.52% | |
44 Neutral | ¥499.49B | 422.54 | ― | 0.98% | 1.80% | -84.08% |
* Communication Services Sector Average
JP:7849
Starts Publishing Corporation
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Starts Publishing Corporation Corporate Events
Starts Publishing Posts Higher Sales but Profit Declines in Q1 2026
May 12, 2026
Starts Publishing Corporation reported net sales of ¥2,003 million for the first quarter ended March 2026, a 3.5% increase from the previous year, indicating modest revenue growth in its publishing operations. Despite this uptick, profitabili...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.