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ProjectHoldings.Inc.
(9246)
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Rating:54Neutral
Price Target:
¥1,011.00
▼(-17.20% Downside)
Action:Reiterated
Date: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
Free cash flow recovery
A clear FCF recovery in 2025 strengthens internal funding for operations, capex and working capital, reducing reliance on external financing. Sustained positive FCF improves resilience to project timing risks and supports reinvestment or debt paydown over multiple quarters.
Negative Factors
Earnings/cash volatility
Pronounced multi-year swings in sales, margins and cash make operational planning and client commitments harder to manage. Persistent volatility undermines predictability of earnings and cash, raising the probability that a recovery year may be followed by renewed weakness.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow recovery
A clear FCF recovery in 2025 strengthens internal funding for operations, capex and working capital, reducing reliance on external financing. Sustained positive FCF improves resilience to project timing risks and supports reinvestment or debt paydown over multiple quarters.
Read all positive factors
ProjectHoldings.Inc. (9246) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥5.63B
Dividend YieldN/A
Average Volume (3M)2.30K
Price to Earnings (P/E)40.3
Beta (1Y)0.86
Revenue Growth10.32%
EPS GrowthN/A
CountryJP
Employees350
SectorGeneral
Sector StrengthN/A
IndustryConsulting Services
Share Statistics
EPS (TTM)25.44
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. delivers digital transformation services across Japan. Its consulting division aids clients in launching new ventures, refining existing operations, and boosting overall business efficiency through strategic digital initiativ...
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 | 5.75B | 5.49B | 5.28B | 6.28B | 4.35B | 2.14B |
| Gross Profit | 2.13B | 1.98B | 1.55B | 2.24B | 1.79B | 995.72M |
| EBITDA | 285.13M | 290.77M | 9.79M | 1.03B | 1.01B | 530.62M |
| Net Income | 135.59M | 126.64M | -393.64M | 588.87M | 676.81M | 359.74M |
Balance Sheet | ||||||
| Total Assets | 4.46B | 4.63B | 5.54B | 5.71B | 4.29B | 2.78B |
| Cash, Cash Equivalents and Short-Term Investments | 1.86B | 2.10B | 2.62B | 2.77B | 2.22B | 2.25B |
| Total Debt | 1.09B | 1.23B | 2.23B | 2.24B | 673.09M | 280.07M |
| Total Liabilities | 2.14B | 2.37B | 3.30B | 3.06B | 1.48B | 696.37M |
| Stockholders Equity | 2.32B | 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
Positive
1221.00
Price Trends
1011.34
Positive
1045.14
Negative
1128.92
Negative
Market Momentum
2.90
Negative
52.32
Neutral
60.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9246, the sentiment is Positive. The current price of 1221 is above the 20-day moving average (MA) of 1020.15, above the 50-day MA of 1011.34, and above the 200-day MA of 1128.92, indicating a neutral trend. The MACD of 2.90 indicates Negative momentum. The RSI at 52.32 is Neutral, neither overbought nor oversold. The STOCH value of 60.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9246.
ProjectHoldings.Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥25.34B | 22.25 | ― | 3.50% | 11.96% | 10.15% | |
75 Outperform | ¥5.77B | 9.17 | ― | ― | 5.95% | 139.87% | |
74 Outperform | ¥9.92B | 9.14 | ― | 1.04% | 1.47% | -27.08% | |
71 Outperform | ¥22.88B | 11.87 | ― | 2.18% | ― | ― | |
63 Neutral | ¥16.84B | 25.41 | ― | ― | 19.98% | -45.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ¥5.63B | 40.29 | ― | ― | 10.32% | ― |
* General Sector Average
JP:9246
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ProjectHoldings.Inc. Corporate Events
ProjectHoldings lifts Q1 profits and reaffirms strong 2026 outlook
May 15, 2026
ProjectHoldings, Inc. reported strong results for the first quarter ended March 31, 2026, with net sales rising 19.3% year on year to ¥1,635 million and profit attributable to owners of parent up 21.0% to ¥51 million. Earnings per share ...
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.