Wilson Learning Worldwide Inc. (9610) AI Stock Analysis

• Market Cap: ¥1.56B
• Dividend Yield: N/A
• Average Volume (3M): 523.51K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.21
• Revenue Growth: 5.41%
• EPS Growth: 47.22%
• Country: JP
• Employees: 85
• Sector: Industrials
• Sector Strength: 72
• Industry: Staffing & Employment Services
• EPS (TTM): -8.11
• Shares Outstanding: 11,155,580
• 10 Day Avg. Volume: 221,160
• 30 Day Avg. Volume: 523,506
• PEG Ratio: 0.03
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 0.33
• P/FCF Ratio: -1.59
• 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: ¥141.00 ▼(-45.14% Downside)
• Action: Reiterated Date: 02/21/26
• Date: Action: Reiterated 02/21/26

The score is primarily held back by weak financial performance (declining revenue, ongoing losses, and negative operating/free cash flow). Technical indicators also point to bearish momentum with the stock trading below key moving averages, despite oversold signals. Valuation is constrained by a negative P/E tied to current losses and no dividend yield data.

Positive Factors

Low financial leverage

A low debt-to-equity profile provides durable financial flexibility: it reduces interest burden and bankruptcy risk and allows management to prioritize operational investment or working capital during revenue volatility common in training services, supporting resilience over months.

Strong gross margins

Sustained gross margins indicate core service delivery economics are healthy: content and instructor-led programs can scale without proportional cost increases, enabling margin recovery if SG&A is managed and supporting profitability improvements over a multi-month horizon.

B2B training business model

A focused B2B training model targets recurring client needs for upskilling and organizational development. Long-term corporate relationships and program-driven revenue create predictable demand and cross-sell opportunities, underpinning stable revenue potential over 2–6 months.

Negative Factors

Declining revenue and losses

Persistent revenue decline and widening operating/net losses undermine the company's ability to sustain investments and retain talent. Continued losses erode operational flexibility and can force cost cuts or restructuring, harming long-term client delivery and growth prospects.

Negative operating and free cash flow

Negative operating and free cash flow restricts the firm’s capacity to fund day-to-day operations, invest in product development, or absorb client payment delays. Even with a slight FCF improvement, ongoing cash deficits may necessitate external financing, diluting strategic options.

Shrinking shareholders' equity

Erosion of shareholders' equity reduces the company’s financial buffer against shocks and limits borrowing capacity. A weakening asset base constrains investment in course development or expansion and raises risk for creditors and partners over the medium term.

Wilson Learning Worldwide Inc. Business Overview & Revenue Model

Company Description

Wilson Learning Worldwide Inc. develops and provides human resource and organizational development consulting and solutions in Japan, China, Europe, North America, Latin America, Asia Pacific, and internationally. The company offers learning programs, research/assessment, consulting, and innovation enablement services; operates learning portals; and learning management systems. It also provides sales and leadership solutions, including employee engagement, salesforce development, leadership development, strategy alignment, business transformation, and workforce upskilling, as well as learning solutions. Wilson Learning Worldwide Inc. was founded in 1965 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Wilson Learning Worldwide Inc. generates revenue primarily by selling corporate training and human resource development solutions to organizational clients. Key revenue streams include fees from delivering training programs (e.g., instructor-led workshops and other structured learning offerings) and related services associated with implementing those programs for client organizations. More granular breakdowns (e.g., exact product line contributions, pricing structure, subscription vs. one-time mix, or named strategic partnerships) are null.

Wilson Learning Worldwide Inc. Financial Statement Overview

Summary

Income statement weakness (declining revenue, negative EBIT and net margins, widening net loss) and persistently negative operating/free cash flow outweigh the benefit of low leverage; the balance sheet shows some stability but also shrinking equity/assets.

Income Statement

The company has experienced declining revenue over the past few years, with a significant drop from 2023 to 2024. Gross profit margins remain relatively strong, but negative EBIT and net profit margins indicate profitability challenges. The net loss has widened, which is concerning for long-term sustainability.

Balance Sheet

Wilson Learning Worldwide Inc. maintains a relatively low debt-to-equity ratio, suggesting low leverage, which is a positive sign. However, the declining stockholders' equity and shrinking total assets raise concerns about balance sheet strength. The equity ratio remains stable, indicating a balanced approach to financing.

Cash Flow

The company is facing significant cash flow challenges with negative operating and free cash flow over the past years. There is a slight improvement in free cash flow from 2024 to 2025, but overall, the cash flow situation remains weak. The operating cash flow to net income ratio indicates inefficiencies in converting income to cash.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.69B	1.69B	1.75B	2.49B	1.79B	1.48B
Gross Profit	1.26B	1.25B	1.25B	1.78B	1.31B	1.01B
EBITDA	-360.04M	-377.87M	-572.37M	-22.75M	-303.87M	-604.53M
Net Income	-342.68M	-386.04M	-518.70M	-26.70M	-308.90M	-629.15M
Balance Sheet
Total Assets	1.34B	1.51B	1.79B	2.13B	1.81B	2.07B
Cash, Cash Equivalents and Short-Term Investments	237.20M	265.75M	492.23M	747.51M	869.43M	1.21B
Total Debt	120.05M	127.83M	106.41M	165.80M	264.51M	395.65M
Total Liabilities	809.67M	817.67M	929.80M	1.02B	817.51M	974.19M
Stockholders Equity	528.56M	696.83M	861.11M	1.11B	991.12M	1.10B
Cash Flow
Free Cash Flow	0.00	-351.66M	-449.89M	-140.24M	-525.67M	-492.57M
Operating Cash Flow	0.00	-348.28M	-445.84M	-128.38M	-525.14M	-490.71M
Investing Cash Flow	0.00	12.04M	-4.00M	-6.64M	137.59M	23.48M
Financing Cash Flow	0.00	125.98M	116.78M	-75.32M	-46.59M	137.75M

Wilson Learning Worldwide Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 257.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9610, the sentiment is Negative. The current price of 257 is above the 20-day moving average (MA) of 155.95, above the 50-day MA of 200.78, and above the 200-day MA of 176.10, indicating a bearish trend. The MACD of -18.12 indicates Negative momentum. The RSI at 32.71 is Neutral, neither overbought nor oversold. The STOCH value of 19.06 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9610.

Wilson Learning Worldwide Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2475	74 Outperform	¥30.73B	10.06	―	3.82%	1.22%	-5.35%
6089	70 Outperform	¥27.72B	8.25	―	3.86%	1.18%	-5.05%
6098	66 Neutral	¥9.18T	21.38	27.29%	0.27%	1.23%	26.94%
2181	66 Neutral	¥516.04B	15.57	19.18%	3.59%	6.95%	13.63%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
9610	51 Neutral	¥1.56B	-9.07	―	―	5.41%	47.22%
2168	42 Neutral	¥72.36B	-1,275.30	-6.02%	0.77%	-9.70%	-108.59%