AGEHA Inc. (9330) AI Stock Analysis

• Market Cap: ¥1.29B
• Dividend Yield: N/A
• Average Volume (3M): 3.41K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.92
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: JP
• Employees: N/A
• Sector: Communication Services
• Sector Strength: 97
• Industry: Advertising Agencies
• EPS (TTM): -34.10
• Shares Outstanding: 1,433,500
• 10 Day Avg. Volume: 5,150
• 30 Day Avg. Volume: 3,410
• PEG Ratio: 0.18
• Price to Book (P/B): 1.29
• Price to Sales (P/S): 0.75
• P/FCF Ratio: 5.79
• 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: ¥907.00 ▲(11.43% Upside)
• Action: Reiterated Date: 01/04/26
• Date: Action: Reiterated 01/04/26

The score is weighed down primarily by the 2025 swing to losses and soft revenue trends. Improving balance-sheet leverage and a strong 2025 free-cash-flow rebound provide support, while technical indicators and valuation (negative P/E, no dividend yield provided) remain broadly neutral-to-weak.

Positive Factors

Balance-sheet leverage

Low and improving leverage (debt-to-equity ~0.10–0.20) gives balance-sheet resilience, lowers fixed financing costs and preserves borrowing capacity. Over the next several quarters this supports investment flexibility, reduces default risk, and cushions cyclical advertising revenue swings.

Free cash flow recovery

A strong rebound in operating cash flow and free cash flow in 2025, with FCF positive in most years, enhances financial flexibility. Sustainable cash conversion supports capex, working capital and potential shareholder returns or strategic investments if management can sustain improvement after prior volatility.

Resilient gross margins

Gross margin holding near ~52% indicates the core advertising services retain pricing power or cost efficiency. Stable gross profitability provides a durable earnings floor, helping recovery of operating margins if revenues stabilize and enabling targeted margin-improvement actions without immediate structural cost cutting.

Negative Factors

Swing to losses

The company swung from profit to a loss in 2025, with operating and net margins turning negative. This deterioration weakens internal funding for growth, pressures returns to shareholders, and increases reliance on cash reserves or external financing, limiting strategic options over the medium term.

Declining revenue trend

Revenue has trended down after earlier strong growth, with reported RevenueGrowth at -8.15%. A shrinking top line erodes operating leverage, makes fixed-cost absorption harder, and raises the bar for margin recovery and reinvestment; sustained decline signals structural demand or competitive pressures.

Volatile cash generation

Cash flow has been inconsistent—a large outflow in 2024 followed by a 2025 rebound—reducing predictability of funding for operations and investments. This volatility increases execution risk, making multi-quarter planning and reliable shareholder actions harder unless cash conversion stabilizes.

AGEHA Inc. Business Overview & Revenue Model

Company Description

AGEHA Inc. provides branding consultancy and solutions for businesses in Japan. It offers corporate, purpose, sustainability, adoption, and inner/outer branding support services. It serves major companies, small and medium-sized companies, and venture companies. The company was founded in 2001 and is headquartered in Tokyo, Japan.

How the Company Makes Money

AGEHA Inc. generates revenue primarily through the sale of its software solutions, which are offered via subscription-based models or one-time licensing fees. Key revenue streams include recurring revenue from cloud services, consulting fees for implementation and integration of software solutions, and maintenance contracts. The company has established significant partnerships with major industry players, allowing it to expand its market reach and enhance its product offerings. Additionally, AGEHA benefits from ongoing demand for digital transformation services, particularly in sectors like healthcare and finance, which are increasingly investing in technology to improve their operations.

AGEHA Inc. Financial Statement Overview

Summary

Fundamentals are mixed: the company swung from profit to a loss in 2025 with negative operating and net margins and soft revenue trends, which is the biggest drag. Offsetting this, leverage is low/improving and 2025 operating cash flow/free cash flow rebounded strongly, though cash generation has been volatile.

Income Statement

Profitability deteriorated meaningfully in the latest year (2025-09-30): the company moved from a profit in 2024 to a loss in 2025, with operating and net margins turning negative despite gross margin holding relatively steady around ~52%. Revenue has also been trending down recently (down slightly in 2025 after a larger decline in 2024), reversing the strong growth seen in 2022–2023. The main strength is resilient gross profitability, but the sharp swing to operating losses and the lack of recent revenue growth weigh heavily on the score.

Balance Sheet

Leverage looks manageable overall, with debt-to-equity improving substantially versus 2021–2022 and remaining low in 2024–2025 (roughly ~0.10–0.20). Equity is sizable relative to assets, supporting balance-sheet stability. However, returns to shareholders have weakened and turned negative in 2025, reflecting the shift to losses; this profitability pressure is the key offset to otherwise improved leverage metrics.

Cash Flow

Cash generation is volatile: 2025 shows strong positive operating cash flow and free cash flow, a major rebound from the large cash outflow in 2024. Free cash flow is positive in most years and improved sharply in 2025, supporting financial flexibility. The weakness is consistency—cash flow swung dramatically year to year—and recent profitability is negative, which can make sustained cash generation harder to rely on even though near-term cash results are favorable.

Breakdown	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	1.55B	1.56B	1.74B	1.40B	1.17B
Gross Profit	808.02M	816.75M	864.99M	770.38M	585.88M
EBITDA	-64.07M	48.53M	119.83M	120.63M	61.25M
Net Income	-63.65M	27.84M	74.91M	79.55M	31.51M
Balance Sheet
Total Assets	1.31B	1.29B	1.46B	972.38M	924.79M
Cash, Cash Equivalents and Short-Term Investments	868.03M	582.00M	1.08B	600.64M	584.63M
Total Debt	177.79M	100.59M	329.34M	426.50M	548.91M
Total Liabilities	408.37M	336.57M	534.77M	657.80M	689.75M
Stockholders Equity	901.81M	955.98M	927.45M	314.58M	235.04M
Cash Flow
Free Cash Flow	201.46M	-354.44M	48.45M	142.70M	76.60M
Operating Cash Flow	226.26M	-347.48M	49.22M	146.27M	86.21M
Investing Cash Flow	-24.93M	80.33M	-5.18M	-7.87M	-14.35M
Financing Cash Flow	84.70M	-228.07M	432.54M	-122.40M	-149.94M

AGEHA Inc. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 814.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9330, the sentiment is Positive. The current price of 814 is below the 20-day moving average (MA) of 855.70, below the 50-day MA of 826.60, and below the 200-day MA of 822.08, indicating a bullish trend. The MACD of 27.43 indicates Negative momentum. The RSI at 68.99 is Neutral, neither overbought nor oversold. The STOCH value of 71.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9330.

AGEHA Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
7067	69 Neutral	¥1.62B	47.81	―	1.00%	5.79%	-30.56%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
7069	60 Neutral	¥3.27B	7.90	―	―	-4.44%	―
4760	56 Neutral	¥1.29B	11.52	―	3.86%	3.93%	-4.20%
2156	55 Neutral	¥1.31B	47.70	―	1.98%	5.87%	―
9330	51 Neutral	¥1.29B	-13.57	―	―	―	―
7063	44 Neutral	¥3.76B	-4.58	―	―	-83.17%	91.97%