Revenue RecoverySustained revenue growth through 2025 demonstrates the company has regained demand traction since the 2020 trough. A rising top line provides a firmer base for operating leverage, supports reinvestment in products and services, and reduces reliance on one-off gains for earnings stability.

Improving ProfitabilityHigher operating and net margins in 2025 point to better cost control and pricing execution. Durable margin improvement, if maintained, strengthens cash flow generation potential and the ability to reinvest in automation capabilities, improving long-term competitive positioning.

Positive Cash GenerationConsistent positive operating and free cash flow since the turnaround supports internal funding for capex and working capital, lowering dependence on external financing. The move from negative to positive cash flow indicates structural improvement in business economics and liquidity resilience.

Bears Say

Elevated LeverageA debt-heavy capital structure (debt > equity, D/E ~1.22x) constrains financial flexibility, raising refinancing and interest-rate risk. Elevated leverage limits the company's ability to pursue opportunistic investments or absorb cyclical downturns without increasing financial strain.

Weaker Cash ConversionDeclining free cash flow and FCF below net income suggest working capital or capex pressures and weaker earnings-to-cash conversion. If persistent, this reduces capacity to pay down debt, fund growth organically, or sustain distributions, increasing reliance on external financing.

Margin VolatilityNotable margin swings versus the 2022 high indicate earnings are sensitive to cost or mix shifts. Ongoing margin volatility undermines predictability of profits, complicates strategic planning and valuation of long-term returns, and may reflect exposure to cyclical industrial demand or pricing pressure.

9160 FAQ

What was NOVARESE,Inc.’s price range in the past 12 months?

NOVARESE,Inc. lowest stock price was ¥272.00 and its highest was ¥368.00 in the past 12 months.

What is NOVARESE,Inc.’s market cap?

NOVARESE,Inc.’s market cap is ¥7.97B.

When is NOVARESE,Inc.’s upcoming earnings report date?

NOVARESE,Inc.’s upcoming earnings report date is May 14, 2026 which is in 82 days.

How were NOVARESE,Inc.’s earnings last quarter?

NOVARESE,Inc. released its earnings results on Feb 13, 2026. The company reported ¥46.99 earnings per share for the quarter, beating the consensus estimate of N/A by ¥46.99.

Is NOVARESE,Inc. overvalued?

According to Wall Street analysts NOVARESE,Inc.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does NOVARESE,Inc. pay dividends?

NOVARESE,Inc. does not currently pay dividends.

What is NOVARESE,Inc.’s EPS estimate?

NOVARESE,Inc.’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does NOVARESE,Inc. have?

NOVARESE,Inc. has 25,073,093 shares outstanding.

What happened to NOVARESE,Inc.’s price movement after its last earnings report?

NOVARESE,Inc. reported an EPS of ¥46.99 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 1.274%.

Which hedge fund is a major shareholder of NOVARESE,Inc.?

Currently, no hedge funds are holding shares in JP:9160

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

NOVARESE,Inc.

Novarese, Inc. engages in the wedding and restaurant businesses in Japan and internationally. The company provides wedding-related services, including venue guidance, wedding day planning, food and gift selection, and day-of operations; operates dress shops under the NOVARESE and ECRUSPOSE brands, that sells and rents wedding dresses, tuxedos, and Japanese attire, as well as party dresses for wedding and reception attendees; operates wedding banquets and restaurants; and provides flower decoration, as well as photography and videography services for weddings, and other events and parties. It also involved in the operation of WEDO, system that supports marriage preparation; provision of gifts to bride, groom, and guests at the wedding reception; business support services; and advertising agency services, including advertising planning, visual photography, graphic design, production of promotional tools, media purchasing, and planning and management of PR events. The company was formerly known as Workaholic Co., Ltd. and changed its name to Novarese, Inc. in December 2002. Novarese, Inc. was founded in 2000 and is headquartered in Chuo, Japan.