GLAD CUBE Inc. (9561) AI Stock Analysis

• Market Cap: ¥3.96B
• 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: ¥458.00 ▼(-13.42% 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

Sustained revenue growth

Revenue growth of ~12.6% in 2025 versus 2024 indicates persistent demand for GLAD CUBE's software offerings. Durable top-line expansion supports operating leverage, funds reinvestment into product and sales, and underpins a multi-quarter path to sustained profitability if cash generation improves.

High gross margins

Management reports gross margin remains very high despite some compression. High gross margins are characteristic of scalable application software and imply strong unit economics and pricing power, enabling the company to cover fixed SG&A and R&D as revenue scales.

Improving leverage profile

Debt-to-equity improvement from ~1.24x to ~0.85x in 2025 signals deleveraging and better balance-sheet health. Lower leverage reduces interest burden and increases financial flexibility to fund product development or strategic initiatives without immediate refinancing pressure.

Negative Factors

Weak cash generation

Operating and free cash flow remain negative in 2024–2025 after a large 2023 outflow. Continued cash burn raises reliance on external financing, constrains discretionary investment, and elevates execution risk until the company consistently produces positive operating cash flow.

Still-negative profitability

Although losses narrowed materially, 2025 net margin (~-1.8%) and operating margin (~-2.0%) remain negative. The business has not yet converted revenue growth into consistent operating profit, leaving cash burn and margin recovery outcomes uncertain over the medium term.

Volatile historical margins

Net margin swings—from ~20% in 2022 to ~-40% in 2024 and back to ~-1.8% in 2025—highlight significant margin volatility. Such swings point to execution and model risk, making future margin and cash-flow predictability weaker and raising medium-term operational uncertainty.

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

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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	1.15B
EBITDA	-7.71M	-182.33M	183.98M	477.92M	306.32M
Net Income	-31.66M	-629.04M	58.88M	297.16M	202.00M
Balance Sheet
Total Assets	2.17B	2.57B	3.23B	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	-23.53M	-154.09M	207.26M	399.12M
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: Positive
• Last Price: 529.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9561, the sentiment is Positive. The current price of 529 is above the 20-day moving average (MA) of 431.55, above the 50-day MA of 443.34, and below the 200-day MA of 571.93, indicating a neutral trend. The MACD of 1.00 indicates Negative momentum. The RSI at 60.93 is Neutral, neither overbought nor oversold. The STOCH value of 93.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9561.

GLAD CUBE Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4477	73 Outperform	¥33.96B	20.10	―	―	27.97%	-5.25%
9553	68 Neutral	¥23.68B	15.25	―	―	14.28%	-30.60%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
4484	55 Neutral	¥4.99B	29.81	―	―	4.36%	-0.02%
3905	52 Neutral	¥44.07B	16.46	―	―	27.58%	-1.50%
5027	49 Neutral	¥26.49B	39.28	―	―	20.84%	10.41%
9561	45 Neutral	¥3.96B	-110.35	―	―	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.