NOVARESE,Inc. (9160) AI Stock Analysis

• Market Cap: ¥11.99B
• Dividend Yield: N/A
• Average Volume (3M): 21.96K
• Price to Earnings (P/E): 6.2
• Beta (1Y): 0.50
• Revenue Growth: 12.19%
• EPS Growth: 28.25%
• Country: JP
• Employees: 1,130
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Personal Products & Services
• EPS (TTM): 46.99
• Shares Outstanding: 38,173,977
• 10 Day Avg. Volume: 24,400
• 30 Day Avg. Volume: 21,960
• PEG Ratio: 0.07
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 0.36
• P/FCF Ratio: 3.45
• 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): 34.8
• Revenue Forecast (FY): ¥45.70B

• Rating: 65 Neutral
• Price Target: ¥305.00 ▼(-2.56% Downside)
• Action: Downgraded Date: 02/18/26
• Date: Action: Downgraded 02/18/26

The score is driven primarily by improving financial performance (recovery in revenue and profitability) but constrained by still-elevated leverage and a recent decline in free cash flow. Valuation is a positive contributor due to the low P/E, while technicals are mixed with negative MACD and the price sitting below key longer-term moving averages.

Positive Factors

Premium, integrated wedding & events business

NOVARESE's vertically integrated wedding and events model—venues, catering, gown rentals and coordination—creates cross-sell opportunities and higher average transaction values. This premium, service-led model supports pricing power and customer loyalty, providing durable margin support in a stable demand segment.

Negative Factors

Elevated leverage limits flexibility

A debt-to-equity ratio near 1.22x indicates a meaningfully leveraged capital structure. Elevated leverage raises interest and refinancing risk and constrains capital allocation choices, reducing resilience to demand shocks and limiting ability to invest aggressively or absorb cost inflation over the medium term.

NOVARESE,Inc. Business Overview & Revenue Model

Company Description

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 d...

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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 d...

How the Company Makes Money

NOVARESE, Inc. generates revenue by offering comprehensive wedding and event services through its network of venues and facilities. The company earns money primarily through venue rentals, catering services, and sales of associated services, such ...

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NOVARESE, Inc. generates revenue by offering comprehensive wedding and event services through its network of venues and facilities. The company earns money primarily through venue rentals, catering services, and sales of associated services, such ...

NOVARESE,Inc. Financial Statement Overview

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	22.04B	19.30B	18.27B	17.22B	11.19B
Gross Profit	12.24B	10.86B	10.18B	10.14B	6.40B
EBITDA	4.73B	3.82B	3.91B	4.93B	2.93B
Net Income	1.26B	663.90M	942.27M	1.66B	374.02M
Balance Sheet
Total Assets	36.82B	37.13B	34.81B	32.51B	32.63B
Cash, Cash Equivalents and Short-Term Investments	3.42B	3.55B	1.72B	2.80B	2.25B
Total Debt	12.37B	19.35B	18.03B	18.71B	22.31B
Total Liabilities	26.71B	28.29B	26.63B	25.27B	27.04B
Stockholders Equity	10.11B	8.85B	8.18B	7.23B	5.59B
Cash Flow
Free Cash Flow	2.27B	2.50B	1.02B	3.26B	2.15B
Operating Cash Flow	4.76B	3.89B	3.00B	4.62B	2.37B
Investing Cash Flow	-2.65B	-1.45B	-2.03B	-1.34B	-253.64M
Financing Cash Flow	-2.22B	-621.47M	-2.04B	-2.73B	-2.21B

NOVARESE,Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 313.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9160, the sentiment is Positive. The current price of 313 is above the 20-day moving average (MA) of 300.35, above the 50-day MA of 306.44, and below the 200-day MA of 321.69, indicating a neutral trend. The MACD of 1.91 indicates Negative momentum. The RSI at 58.03 is Neutral, neither overbought nor oversold. The STOCH value of 73.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9160.

NOVARESE,Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2418	68 Neutral	¥31.82B	5.63	21.87%	2.14%	15.35%	45.10%
9160	65 Neutral	¥11.99B	6.24	―	―	12.19%	28.25%
2424	63 Neutral	¥3.44B	3.11	―	1.24%	6.77%	40.10%
6571	62 Neutral	¥18.53B	37.68	―	2.53%	4.71%	-0.41%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
2305	58 Neutral	¥33.75B	5.66	―	2.48%	-4.39%	31.40%
4331	52 Neutral	¥10.32B	5.24	―	5.06%	0.36%	81.58%