ProjectHoldings.Inc. (JP:9246)
:9246
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ProjectHoldings.Inc.
(9246)
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Rating:54Neutral
Price Target:
¥1,128.00
▼(-7.62% Downside)
Action:ReiteratedDate:02/18/26
The score is primarily supported by improving financial performance in 2025 (profit and cash-flow recovery and reduced leverage). Offsetting this, technicals are bearish with the stock trading below major moving averages and negative MACD, and valuation looks stretched with a high P/E and no dividend yield provided.
Positive Factors
Improved cash generation
The 2025 recovery to positive operating cash flow (~¥570M) and free cash flow (~¥536M) materially improves internal funding capacity. Durable cash generation reduces reliance on external financing, enables capex or strategic investments, and supports deleveraging if the trend persists.
Negative Factors
Volatile financial performance
Sharp swings in revenue, profitability and cash flow across recent years reduce forecast reliability and complicate capital allocation. Persistent volatility can raise effective cost of capital, hamper long-term planning, and weaken stakeholder confidence unless management delivers consistent multi-quarter improvement.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
The 2025 recovery to positive operating cash flow (~¥570M) and free cash flow (~¥536M) materially improves internal funding capacity. Durable cash generation reduces reliance on external financing, enables capex or strategic investments, and supports deleveraging if the trend persists.
Read all positive factors
ProjectHoldings.Inc. (9246) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥5.78B
Dividend YieldN/A
Average Volume (3M)2.30K
Price to Earnings (P/E)19.9
Beta (1Y)0.85
Revenue Growth-1.71%
EPS Growth-303.36%
CountryJP
Employees255
SectorIndustrials
Sector Strength72
IndustryConsulting Services
Share Statistics
EPS (TTM)14.11
Shares Outstanding5,487,450
10 Day Avg. Volume3,370
30 Day Avg. Volume2,303
Financial Highlights & Ratios
PEG Ratio-0.36
Price to Book (P/B)2.65
Price to Sales (P/S)1.09
P/FCF Ratio11.17
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)83.2
Revenue Forecast (FY)¥8.00B
ProjectHoldings.Inc. Business Overview & Revenue Model
Company Description
ProjectHoldings, Inc. engages in the provision of digital transformation services in Japan. The company provides consulting services for new business launch and development, existing business transformation, and business improvement through digita...
How the Company Makes Money
ProjectHoldings.Inc. generates revenue through a combination of strategic investments and management fees. The company earns income by acquiring equity stakes in promising technology startups, which may provide high returns as these companies grow...
ProjectHoldings.Inc. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.24B | 5.49B | 5.28B | 6.28B | 4.35B | 2.14B |
| Gross Profit | 1.75B | 1.98B | 1.55B | 2.24B | 1.79B | 995.72M |
| EBITDA | 165.95M | 290.77M | 9.79M | 1.03B | 1.01B | 530.62M |
| Net Income | -317.38M | 126.64M | -393.64M | 588.87M | 676.81M | 359.74M |
Balance Sheet | ||||||
| Total Assets | 4.96B | 4.63B | 5.54B | 5.71B | 4.29B | 2.78B |
| Cash, Cash Equivalents and Short-Term Investments | 2.27B | 2.10B | 2.62B | 2.77B | 2.22B | 2.25B |
| Total Debt | 1.86B | 1.23B | 2.23B | 2.24B | 673.09M | 280.07M |
| Total Liabilities | 2.82B | 2.37B | 3.30B | 3.06B | 1.48B | 696.37M |
| Stockholders Equity | 2.14B | 2.26B | 2.24B | 2.65B | 2.81B | 2.09B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 536.30M | -732.07M | 427.11M | 756.92M | 403.62M |
| Operating Cash Flow | 0.00 | 569.54M | -131.97M | 452.53M | 782.66M | 427.35M |
| Investing Cash Flow | 0.00 | 35.73M | 6.04M | -706.68M | -1.22B | -25.22M |
| Financing Cash Flow | 0.00 | -1.13B | -21.83M | 730.53M | 407.81M | 1.14B |
ProjectHoldings.Inc. Technical Analysis
Negative
1221.00
Price Trends
1120.94
Negative
1154.50
Negative
1212.05
Negative
Market Momentum
-13.25
Positive
34.86
Neutral
16.19
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9246, the sentiment is Negative. The current price of 1221 is above the 20-day moving average (MA) of 1090.85, above the 50-day MA of 1120.94, and above the 200-day MA of 1212.05, indicating a bearish trend. The MACD of -13.25 indicates Positive momentum. The RSI at 34.86 is Neutral, neither overbought nor oversold. The STOCH value of 16.19 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9246.
ProjectHoldings.Inc. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥24.16B | 16.33 | ― | 3.50% | 15.91% | 36.39% | |
71 Outperform | ¥4.82B | 3.41 | ― | ― | 0.36% | ― | |
71 Outperform | ¥22.19B | 8.70 | ― | 2.18% | 17.87% | 5.31% | |
68 Neutral | ¥12.02B | 20.71 | ― | 1.04% | 23.25% | 14.29% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥16.78B | 95.88 | ― | ― | 16.77% | 39.98% | |
54 Neutral | ¥5.78B | 19.88 | ― | ― | -1.71% | -303.36% |
* Industrials Sector Average
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ProjectHoldings.Inc. Corporate Events
ProjectHoldings Returns to Profit and Forecasts Strong Growth for 2026
Feb 13, 2026
ProjectHoldings, Inc. reported a turnaround to profitability for the fiscal year ended December 31, 2025, with net sales rising 3.9% year on year to ¥5,485 million and profit attributable to owners of parent improving to ¥126 million fro...
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.