Bewith,Inc. (9216) AI Stock Analysis

• Market Cap: ¥26.04B
• Dividend Yield: 4.78%
• Average Volume (3M): 33.19K
• Price to Earnings (P/E): 188.1
• Beta (1Y): 0.76
• Revenue Growth: -3.81%
• EPS Growth: -82.38%
• Country: JP
• Employees: 698
• Sector: Industrials
• Sector Strength: 72
• Industry: Specialty Business Services
• EPS (TTM): N/A
• Shares Outstanding: 14,175,200
• 10 Day Avg. Volume: 34,120
• 30 Day Avg. Volume: 33,190
• PEG Ratio: -0.63
• Price to Book (P/B): 2.44
• Price to Sales (P/S): 0.60
• P/FCF Ratio: 32.48
• 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: 64 Neutral
• Price Target: ¥1,966.00 ▲(19.44% Upside)
• Action: Reiterated Date: 10/29/25
• Date: Action: Reiterated 10/29/25

Bewith, Inc.'s overall stock score reflects a mixed financial performance with strong cash flow generation but challenges in revenue growth and profitability. The technical analysis indicates a neutral trend with potential overbought conditions, and the valuation suggests the stock may be overvalued despite a high dividend yield.

Positive Factors

Strong balance sheet

Extremely low leverage and a high equity ratio give Bewith durable financial flexibility. Minimal debt reduces refinancing and interest risk, enabling the company to fund operations, capex or dividends from internal resources and better withstand industry downturns over the next 2–6 months.

Improved free cash flow

A sharp recovery in free cash flow, with FCF at 57% of net income and a noted 'Infinity' growth from a prior negative base, signals stronger cash generation. This durable cash conversion enhances funding for reinvestment, dividends or debt reduction without relying on external financing.

Positive operating margins

Maintaining positive EBIT and EBITDA margins while revenues decline shows underlying operational discipline and cost control. These modest but positive margins indicate the business can generate operating profit at scale, giving management room to restore growth without immediate structural margin impairment.

Negative Factors

Steep recent revenue decline

A pronounced revenue collapse is a structural risk: it reduces scale, weakens operating leverage, and makes fixed costs harder to cover. Sustained top-line shrinkage over months can erode customer relationships, reduce pricing power and constrain long-term margin recovery and reinvestment capacity.

Collapse in EPS growth

An ~90% decline in EPS growth reflects material earnings volatility or deterioration. This undermines the company’s ability to consistently fund dividends, reinvestment or debt repayment from earnings, and signals potential operational or demand issues that may persist absent clear revenue recovery.

Falling profitability metrics

Declining ROE and slim net margins indicate weak returns on shareholder capital and limited profit retention. Over a multi‑month horizon, low returns constrain ability to attract capital, fund growth internally or sustain payouts, making structural improvement in margins a critical need.

Bewith,Inc. Business Overview & Revenue Model

Company Description

Bewith, Inc. provides contact/call centers and BPO services utilizing digital technologies in Japan. It is involved in developing and selling artificial intelligence (AI) and digital transformation (DX) solutions; and offers data science related big data analytics services. The company was incorporated in 2000 and is headquartered in Tokyo, Japan. Bewith, Inc. operates as a subsidiary of Pasona Group Inc.

How the Company Makes Money

Bewith, Inc. generates revenue through a multi-faceted business model that includes subscription-based services for its software applications, licensing fees for enterprise solutions, and advertising revenue from its free-tier offerings. The company's primary revenue streams consist of monthly and annual subscription plans for users who access premium features and enhanced functionalities. Additionally, Bewith, Inc. partners with various enterprises to provide tailored communication solutions, which involve additional fees for customization and support services. Strategic partnerships with telecommunications companies also contribute to its earnings by allowing for bundled service offerings, expanding its market reach and user base.

Bewith,Inc. Financial Statement Overview

Summary

Bewith, Inc. demonstrates a mixed financial performance. The company faces challenges in revenue growth and profitability, as seen in declining margins and revenue. However, it maintains a strong balance sheet with low leverage and a solid equity base. Cash flow generation has improved significantly, indicating potential for future investment and growth.

Income Statement

Bewith, Inc. has shown a decline in revenue growth with a negative rate of -85.2% in the latest period, indicating potential challenges in maintaining sales momentum. The gross profit margin has decreased slightly from previous years, now at 14.2%, which suggests some pressure on cost management. The net profit margin has also dropped to 1.24%, reflecting reduced profitability. However, the company maintains a positive EBIT margin of 2.29% and an EBITDA margin of 3.39%, indicating operational efficiency despite revenue challenges.

Balance Sheet

The balance sheet of Bewith, Inc. is strong with a low debt-to-equity ratio of 0.24%, indicating minimal leverage and financial risk. The return on equity has decreased to 5.06%, which is a concern compared to previous years, suggesting lower profitability from shareholders' investments. The equity ratio stands at 61.7%, reflecting a solid capital structure with a significant portion of assets financed by equity.

Cash Flow

Bewith, Inc. has experienced a significant increase in free cash flow growth, marked as 'Infinity' due to a previous negative base, indicating a strong recovery in cash generation. The operating cash flow to net income ratio is 0.25, which is lower than previous years, suggesting a need for improvement in cash conversion efficiency. The free cash flow to net income ratio is 57.1%, showing a healthy cash flow relative to earnings.

Breakdown	TTM	May 2024	May 2023	May 2022	May 2022	May 2021
Income Statement
Total Revenue	36.26B	36.42B	38.25B	35.16B	32.41B	28.85B
Gross Profit	4.99B	5.19B	6.07B	5.40B	5.36B	4.77B
EBITDA	1.27B	1.23B	2.85B	2.50B	2.79B	2.35B
Net Income	291.12M	452.72M	1.83B	1.68B	1.78B	1.66B
Balance Sheet
Total Assets	12.98B	14.49B	14.10B	12.21B	10.49B	8.49B
Cash, Cash Equivalents and Short-Term Investments	4.56B	6.09B	6.10B	4.91B	4.43B	2.63B
Total Debt	20.00M	21.60M	25.51M	35.29M	0.00	0.00
Total Liabilities	5.03B	5.54B	4.90B	4.37B	3.88B	4.27B
Stockholders Equity	7.95B	8.94B	9.19B	7.84B	6.61B	4.21B
Cash Flow
Free Cash Flow	0.00	671.78M	1.90B	1.10B	1.31B	1.27B
Operating Cash Flow	0.00	1.18B	2.57B	1.53B	1.59B	1.48B
Investing Cash Flow	0.00	-479.50M	-894.22M	-612.00M	-366.27M	-302.40M
Financing Cash Flow	0.00	-706.93M	-492.85M	-438.20M	580.69M	-713.86M

Bewith,Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1646.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9216, the sentiment is Positive. The current price of 1646 is below the 20-day moving average (MA) of 1738.55, below the 50-day MA of 1692.42, and above the 200-day MA of 1557.62, indicating a bullish trend. The MACD of 30.77 indicates Negative momentum. The RSI at 71.36 is Negative, neither overbought nor oversold. The STOCH value of 92.11 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9216.

Bewith,Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4290	74 Outperform	¥89.28B	16.44	11.16%	3.41%	10.87%	-5.96%
6088	70 Outperform	¥61.80B	14.15	―	2.56%	8.08%	10.43%
8876	68 Neutral	¥294.46B	14.01	30.73%	2.20%	4.52%	―
9216	64 Neutral	¥26.04B	188.15	―	4.78%	-3.81%	-82.38%
6183	64 Neutral	¥110.28B	11.62	―	4.17%	0.44%	44.52%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
4384	62 Neutral	¥115.72B	35.71	19.59%	0.16%	18.08%	136.77%

Bewith,Inc. Corporate Events

Bewith Beats Profit Forecasts on Cost Cuts but Books Software Impairment Loss

Bewith, Inc. reported that its consolidated results for the second quarter of the fiscal year ending May 2026 modestly exceeded sales forecasts and significantly outperformed profit projections, driven by cost optimization measures and restructuring to adjust seat capacity across its locations. Net sales came in slightly above plan, while operating and ordinary profits rose nearly 40–45% above forecast thanks to tighter control of indirect personnel costs and other efficiency initiatives, although net profit remained broadly in line with guidance due to a ¥161 million impairment loss booked on certain software-related fixed assets. The recognition of this extraordinary loss reflects a reassessment of the recoverability of some business systems, signaling a more conservative balance-sheet stance even as operational profitability improves, with implications for stakeholders who may view the move as strengthening the company’s long-term financial discipline while tempering near-term earnings growth.

The most recent analyst rating on (JP:9216) stock is a Hold with a Yen1617.00 price target. To see the full list of analyst forecasts on Bewith,Inc. stock, see the JP:9216 Stock Forecast page.

Bewith Posts Sharp Profit Drop in First Half but Sticks to Full-Year Forecast and Dividend Plan

Bewith, Inc. reported consolidated net sales of ¥17.94 billion for the six months ended November 30, 2025, down 2.5% year on year, with operating profit dropping 38.3% to ¥527 million and profit attributable to owners of parent plunging 56.2% to ¥245 million, reflecting a significant contraction in profitability and a decline in comprehensive income. Total assets fell to ¥13.42 billion and net assets to ¥8.11 billion, but the company kept its equity ratio above 60% and reaffirmed its full-year forecast, targeting a modest 1.7% decline in sales but a recovery in operating and ordinary profit and a 54.6% jump in full-year net profit, while maintaining its plan to pay an annual dividend of ¥77 per share, signaling confidence in cash generation and a continued focus on shareholder returns despite near-term earnings weakness.

The most recent analyst rating on (JP:9216) stock is a Hold with a Yen1617.00 price target. To see the full list of analyst forecasts on Bewith,Inc. stock, see the JP:9216 Stock Forecast page.