GLAD CUBE Inc. (9561) AI Stock Analysis

• Market Cap: ¥3.72B
• Dividend Yield: N/A
• Average Volume (3M): 33.74K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.43
• Revenue Growth: 3.34%
• EPS Growth: -219.24%
• Country: JP
• Employees: 121
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 7.09
• Shares Outstanding: 8,433,540
• 10 Day Avg. Volume: 31,580
• 30 Day Avg. Volume: 33,740
• PEG Ratio: 1.16
• Price to Book (P/B): 4.87
• Price to Sales (P/S): 1.99
• P/FCF Ratio: -139.29
• 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: 45 Neutral
• Price Target: ¥408.00 ▼(-22.87% Downside)
• Action: Reiterated Date: 02/25/26
• Date: Action: Reiterated 02/25/26

The score is primarily held back by weak cash generation and still-negative profitability, even as revenue growth continues and losses have narrowed. Technicals also remain bearish with the stock trading below key moving averages, while valuation support is limited by a negative P/E and no dividend yield data.

Positive Factors

Revenue Growth

Sustained revenue growth of ~12.6% in 2025 demonstrates ongoing demand for GLAD CUBE's application software. Durable top-line expansion provides runway to absorb fixed costs, supports scale economies, and underpins a credible path to sustained profitability if growth persists.

High Gross Margin

Persistently high gross margins indicate a scalable, software-centric business with pricing power and low incremental costs. This structural margin profile allows operating leverage to translate revenue gains into improved operating income once SG&A stabilizes, aiding long-term margin recovery.

Improved Leverage / Serviceable Balance Sheet

Reduction in debt-to-equity to ~0.85x signals improving balance-sheet flexibility and lower refinancing risk. More moderate leverage gives management room to fund operations or investments, reducing liquidity strain while the company works to convert revenue growth into positive cash flow.

Negative Factors

Negative Cash Generation

Persistent negative operating and free cash flow in 2024–2025 is a structural weakness that increases reliance on external financing. Until operations consistently generate positive cash, the company faces constrained reinvestment capacity, higher financing costs, and elevated execution risk during the turnaround.

Still Loss-Making

Although losses narrowed in 2025, margins remain negative, indicating the company has not yet secured a durable return to profitability. Continued small losses limit retained earnings for reinvestment and extend dependence on financing until consistent operating profit is achieved.

Historic Profitability Volatility

Large swings in net margin over recent years create forecasting and execution uncertainty. Such volatility suggests sensitivity to demand, cost structure shifts, or one-offs, increasing the risk that profits could deteriorate again before a sustained, predictable earnings profile is established.

GLAD CUBE Inc. Business Overview & Revenue Model

Company Description

Glad Cube Inc. operates as an Internet advertising agency in Japan. It offers listing ad management agency services, including listing advertisement, Facebook ad, Instagram ad, twitter ad, YouTube ad, application advertising, video advertisement production and operation, apple search ad, DSP application, amazon ad, beauty mail order/salon/ clinic advertisement operation, seminar, and free e-mail magazine registration. The company also provides production, analysis, and consulting services, such as Website production, video production, YouTube channel operation, access analysis, and LPO/CRO consulting services. In addition, the company offers SiTest, an analysis tool for web site analytics; SPAIA, an AI analytics services for sports data; and SPAIA horse racing, an AI forecast analysis media for horse racing. Glad Cube Inc. was incorporated in 2007 and is headquartered in Osaka, Japan.

How the Company Makes Money

GLAD CUBE Inc. generates revenue through multiple streams, primarily by offering subscription-based services for its data analytics and content management platforms. This model allows businesses to access advanced marketing tools on a recurring basis, ensuring stable revenue. Additionally, the company earns income from performance-based advertising campaigns, where clients pay based on the results achieved, such as clicks or conversions. Key partnerships with major advertising networks and technology firms enhance its service offerings and expand its market reach, contributing significantly to its earnings. Furthermore, GLAD CUBE may engage in consultancy services, providing tailored marketing strategies for clients, which also adds to its revenue.

GLAD CUBE Inc. Financial Statement Overview

Summary

Mixed fundamentals: revenue is growing (~+12.6% in 2025 vs. 2024) and losses narrowed sharply, but profitability remains slightly negative (2025 net margin ~-1.8%; operating margin ~-2.0%). Cash flow is a key weakness with negative operating and free cash flow in 2024–2025, raising execution risk despite a serviceable balance sheet and improved leverage in 2025.

Income Statement

Revenue is still growing (about +12.6% in 2025 vs. 2024), but profitability has deteriorated meaningfully versus the 2020–2022 period. The company swung from solid profits in 2022 (about 20% net margin) and 2023 (about 3.9%) to losses in 2024 (about -40% net margin), then improved materially in 2025 (about -1.8%) but remained slightly loss-making. Gross margin remains very high but has compressed from prior peak levels, and operating results are still negative (2025 operating margin around -2.0%), indicating the turnaround is in progress but not yet fully completed.

Balance Sheet

Leverage is moderate but has fluctuated: debt relative to equity improved from 2024 (~1.24x) to 2025 (~0.85x), and is better than the 2020 level (~1.51x) but worse than 2022–2023. Equity has been relatively stable recently, while total assets have come down from the 2023 peak, suggesting some balance sheet normalization. Overall, the balance sheet looks serviceable, but still carries meaningful debt and reduced profitability limits balance-sheet flexibility.

Cash Flow

Cash generation is the weakest area: operating cash flow and free cash flow are negative in 2025 and 2024, following a large cash outflow in 2023, after strong positive cash generation in 2020–2022. While free cash flow losses narrowed in 2025 versus 2024, the business is still not consistently funding itself from operations, which increases reliance on financing and raises execution risk until sustained positive operating cash flow returns.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.76B	1.56B	1.52B	1.48B	1.22B
Gross Profit	1.23B	1.22B	1.31B	1.39B	1.16B
EBITDA	-7.71M	-395.86M	142.79M	476.72M	304.44M
Net Income	-31.66M	-629.04M	58.88M	297.16M	202.00M
Balance Sheet
Total Assets	2.17B	2.57B	3.22B	2.91B	1.96B
Cash, Cash Equivalents and Short-Term Investments	1.37B	1.66B	1.74B	2.16B	1.17B
Total Debt	606.91M	928.26M	944.44M	611.88M	336.58M
Total Liabilities	1.46B	1.82B	1.85B	1.59B	1.51B
Stockholders Equity	717.50M	750.35M	1.38B	1.32B	451.06M
Cash Flow
Free Cash Flow	-25.08M	-62.86M	-204.30M	161.66M	385.46M
Operating Cash Flow	-24.70M	-4.74M	-148.82M	209.58M	400.27M
Investing Cash Flow	-11.09M	-58.88M	-604.42M	-47.92M	13.31M
Financing Cash Flow	-255.28M	-14.04M	333.95M	826.69M	-40.08M

GLAD CUBE Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 529.00
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9561, the sentiment is Negative. The current price of 529 is above the 20-day moving average (MA) of 451.95, above the 50-day MA of 439.46, and below the 200-day MA of 602.52, indicating a neutral trend. The MACD of -2.06 indicates Positive momentum. The RSI at 48.19 is Neutral, neither overbought nor oversold. The STOCH value of 17.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9561.

GLAD CUBE Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2186	69 Neutral	¥7.15B	19.32	―	3.65%	―	―
5029	62 Neutral	¥2.79B	23.49	―	―	29.44%	485.00%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
4845	58 Neutral	¥6.56B	9.96	―	4.25%	-24.66%	―
4476	56 Neutral	¥4.24B	23.89	―	―	10.43%	-65.78%
5259	48 Neutral	¥7.01B	-16.75	―	―	6.59%	-294.11%
9561	45 Neutral	¥3.72B	-117.31	―	―	3.34%	-219.24%

GLAD CUBE Inc. Corporate Events

GLAD CUBE Unveils FY2025 Results and Mid-Term Growth Strategy

GLAD CUBE Inc. released its consolidated financial results for the full fiscal year 2025 on February 13, 2026, outlining performance across its core Marketing DX and Technology business segments. The disclosure highlights segment-specific financials, key performance indicators, and overall trends in revenue and profitability.

The company also presented its growth strategy and mid-term outlook, signaling how it plans to expand its digital marketing and technology offerings to strengthen its market position. These plans suggest an emphasis on scaling both business domains, which could influence future earnings potential and the company’s competitive stance in the digital transformation market.

The most recent analyst rating on (JP:9561) stock is a Hold with a Yen447.00 price target. To see the full list of analyst forecasts on GLAD CUBE Inc. stock, see the JP:9561 Stock Forecast page.