YCP Holdings (Global) Ltd. Japanese Deposit Receipt Repr 1 Sh (9257) AI Stock Analysis

• Market Cap: ¥17.10B
• Dividend Yield: 0.24%
• Average Volume (3M): 1.18K
• Price to Earnings (P/E): 31.4
• Beta (1Y): 0.44
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: JP
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 13.75
• Shares Outstanding: 22,160,692
• 10 Day Avg. Volume: 1,310
• 30 Day Avg. Volume: 1,180
• PEG Ratio: -0.39
• Price to Book (P/B): 1.29
• Price to Sales (P/S): 1.19
• P/FCF Ratio: 22.06
• 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: 51 Neutral
• Price Target: ¥799.00 ▼(-5.22% Downside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is driven primarily by weakened financial performance—an extreme revenue decline, compressed margins, and sharply slower cash-flow momentum—despite a comparatively stable balance sheet. Technical signals are mixed but currently soft (below short-term averages with negative MACD), and valuation looks only average with a high P/E and modest yield.

Positive Factors

Stable balance sheet & growing equity

Moderate leverage and rising equity provide durable solvency support and capital flexibility. This stronger capitalization lowers default risk and preserves the firm's ability to fund operations, meet regulatory requirements, and pursue selective investments or client service initiatives over the next several months.

Positive operating and free cash flow

Ongoing positive operating cash flow and FCF supply core liquidity to run the business without immediate external financing. Sustained cash generation supports working capital, fee distributions and targeted reinvestment, offering a buffer while management works to restore revenue momentum.

Resilient gross and EBITDA margins

Relatively high gross and positive EBITDA margins indicate a fundamentally profitable cost and fee structure. Even with revenue disruption, margin resilience suggests pricing power or scalable fixed-cost absorption that can help restore profitability as top-line conditions recover.

Negative Factors

Severe revenue collapse

A ~99% revenue drop is a structural red flag for an asset manager reliant on AUM and recurring fees. It signals material client outflows or lost business, undermining the core fee base, reducing scalability, and threatening long-term growth and the ability to cover fixed costs without strategic remediation.

Sharp deterioration in cash-flow momentum

Steep FCF decline and low conversion of earnings to cash reflect weakening cash quality. Over time this constrains reinvestment, dividend capacity and shock absorption, increasing reliance on external funding or asset sales if the cash performance does not stabilize.

Rising absolute debt reduces flexibility

Increasing nominal debt amid earnings deterioration reduces financial headroom. Higher interest and refinancing exposure can pressure margins and limit strategic options (M&A, buybacks, capex). This elevated leverage becomes a material constraint if revenue and cash trends remain weak.

YCP Holdings (Global) Ltd. Japanese Deposit Receipt Repr 1 Sh Business Overview & Revenue Model

Company Description

YCP Holdings (Global) Limited engages in the provision of management and advisory services for multinational and local companies. It offers a suite of in-house solutions ranging from strategic planning to implementation, slicing across various business functions and phases. It is also involved in the development, production, and sale of material and organic products; operation of veterinary hospital and pet care business; operation of restaurants and franchise system in the food and beverage industry; production, sale, and distribution of food products; trading and manufacturing of Japanese-style desserts and confectionary products; provision of Japanese-style early education services; and trading of fertility check-up kit and provision of related internet marketing services. The company was founded in 2011 and is headquatered in Singapore.

How the Company Makes Money

YCP Holdings generates revenue through a combination of investment income, management fees, and performance-based incentives associated with its portfolio companies. The company invests in startups and established businesses, providing capital as well as strategic guidance to enhance their operational efficiency and market reach. Key revenue streams include dividends from equity holdings, interest from debt instruments, and fees charged for advisory and management services. Significant partnerships with other investment firms and industry leaders facilitate access to new markets and collaborative opportunities, further contributing to its earnings.

YCP Holdings (Global) Ltd. Japanese Deposit Receipt Repr 1 Sh Financial Statement Overview

Summary

Balance sheet is reasonably solid with moderate leverage (debt-to-equity ~0.27–0.43) and growing equity, but the latest year shows severe operating deterioration (revenue -99.1% and net margin down to ~3.8%) and materially weaker cash-flow momentum (free cash flow growth -97.3% and low operating cash flow conversion ~0.19).

Income Statement

Profitability remains positive in 2025 (annual), with solid gross margin (~61%) and modest operating profitability (EBITDA margin ~11%). However, performance has deteriorated sharply versus prior years: 2025 shows an extreme revenue decline (-99.1%) and a much thinner net margin (~3.8%) compared with 2024’s unusually strong net margin (~21.9%). Over 2020–2023, margins were generally healthier (EBITDA ~15–23%), so the latest year indicates a significant disruption and weaker earnings quality/trajectory.

Balance Sheet

The balance sheet looks reasonably supported by equity, with debt-to-equity staying moderate (about 0.27–0.43 in 2021–2025, improving from a high ~0.96 in 2020). Equity has grown over time (to ~92.9M in 2025), and total assets have expanded, suggesting improved capitalization. The main drawback is rising absolute debt in 2025 (~30.8M) versus 2024 (~23.9M), which reduces flexibility if the earnings slowdown persists.

Cash Flow

Cash generation is positive, with operating cash flow (~9.0M) and free cash flow (~5.4M) still positive in 2025. That said, cash flow momentum weakened materially: 2025 free cash flow growth fell sharply (-97.3%) and operating cash flow conversion versus earnings is low (~0.19), indicating weaker cash efficiency. Free cash flow relative to net income is moderate (~0.60), down from stronger years (roughly ~0.90–0.97 in 2020–2022), pointing to reduced cash quality recently.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	100.93M	86.29M	84.59M	85.56M	73.11M
Gross Profit	61.68M	55.50M	56.76M	60.34M	52.64M
EBITDA	11.64M	6.32M	12.65M	17.20M	12.52M
Net Income	3.82M	18.91M	5.48M	10.39M	4.95M
Balance Sheet
Total Assets	163.50M	136.01M	131.87M	117.47M	83.85M
Cash, Cash Equivalents and Short-Term Investments	36.85M	43.28M	26.19M	23.47M	38.66M
Total Debt	30.79M	23.89M	30.72M	26.20M	17.34M
Total Liabilities	69.62M	45.71M	59.75M	53.55M	33.04M
Stockholders Equity	92.86M	89.57M	70.90M	63.80M	50.70M
Cash Flow
Free Cash Flow	5.44M	4.43M	4.05M	9.91M	11.39M
Operating Cash Flow	9.04M	7.26M	7.61M	10.96M	11.77M
Investing Cash Flow	-12.29M	14.07M	-5.78M	-19.27M	-1.50M
Financing Cash Flow	-2.86M	-3.25M	1.58M	-2.09M	19.36M

YCP Holdings (Global) Ltd. Japanese Deposit Receipt Repr 1 Sh Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 843.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9257, the sentiment is Negative. The current price of 843 is above the 20-day moving average (MA) of 766.55, above the 50-day MA of 803.89, and above the 200-day MA of 725.61, indicating a neutral trend. The MACD of -18.74 indicates Positive momentum. The RSI at 32.81 is Neutral, neither overbought nor oversold. The STOCH value of 52.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9257.

YCP Holdings (Global) Ltd. Japanese Deposit Receipt Repr 1 Sh Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
4310	65 Neutral	¥27.93B	43.28	―	18.63%	21.38%	―
3454	63 Neutral	¥16.59B	3.76	―	2.86%	36.31%	52.62%
9257	51 Neutral	¥17.10B	31.40	―	0.24%	―	―
3121	50 Neutral	¥7.19B	-16.73	―	0.96%	-23.90%	-146.54%
3113	39 Underperform	¥5.48B	-93.80	―	―	-42.35%	42.01%

YCP Holdings (Global) Ltd. Japanese Deposit Receipt Repr 1 Sh Corporate Events

YCP Holdings Lifts Sales and Investments as Profit Normalizes in FY2025

YCP Holdings reported a 22.5% year-on-year increase in sales to ¥16.55 billion for the year ended December 2025, while operating profit surged to ¥1.24 billion from a low base, lifting the operating margin to 7.5%. However, net profit attributable to owners declined sharply to ¥626 million, with basic earnings per share falling to ¥28.10 as profitability normalized from the prior year’s unusually high earnings.

Total assets rose to ¥25.59 billion and equity attributable to owners grew to ¥14.53 billion, though the equity ratio slipped to 56.8%, indicating a more leveraged balance sheet as the company expanded. Operating cash flow strengthened to ¥1.52 billion, but free cash flow turned negative due to ¥2.01 billion in investing outflows, signaling continued investment in future growth even as cash and cash equivalents decreased to ¥5.77 billion.

The most recent analyst rating on (JP:9257) stock is a Hold with a Yen859.00 price target. To see the full list of analyst forecasts on YCP Holdings (Global) Ltd. Japanese Deposit Receipt Repr 1 Sh stock, see the JP:9257 Stock Forecast page.