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Adways, Inc. (2489) AI Stock Analysis
Adways, Inc.
(TSE/TYO:2489)
The score is driven mainly by a safe, low-debt balance sheet but weakened by inconsistent profitability and especially weak cash conversion (multi-year negative free cash flow). Technicals further detract due to a strong downtrend versus key moving averages and negative momentum, while low valuation and a modest dividend provide the primary offset.
Adways, Inc. (2489) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 11.19B
- Dividend Yield
- 1.90%
- Average Volume (3M)
- 410.71K
- Price to Earnings (P/E)
- 14.2
- Beta (1Y)
- 1.02
- Revenue Growth
- 4.61%
- EPS Growth
- ―
- Country
- Japan
- Employees
- 941
- Sector
- Communication Services
- Sector Strength
- 60
- Industry
- Advertising Agencies
Adways, Inc. Business Overview & Revenue Model
Company Description
Adways Inc. offers affiliate advertising services across PC and mobile platforms, in addition to mobile application and content development, with operations spanning Japan, China, Taiwan, the Philippines, and the United States. Its diverse portfolio...
Adways, Inc. Financial Statement Overview
Summary
Balance sheet strength is a major positive with essentially no leverage and stable equity (Balance Sheet Score: 86). However, operating results and cash generation are inconsistent: profitability has swung from strong to negative and back to thinly positive, and free cash flow has been negative in most recent years despite positive earnings (Income Statement Score: 58; Cash Flow Score: 41). Overall, the company looks financially stable but operationally and cash-flow challenged.
Income Statement
58NeutralBalance Sheet
86Very PositiveCash Flow
41Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.64B | 12.22B | 12.68B | 13.52B | 13.42B | 12.93B |
| Gross Profit | 10.61B | 10.10B | 10.35B | 10.95B | 10.81B | 10.61B |
| EBITDA | 1.63B | 780.62M | 370.14M | 1.82B | 4.42B | 2.36B |
| Net Income | 1.40B | 252.90M | -473.46M | 966.14M | 2.54B | 1.37B |
Balance Sheet | ||||||
| Total Assets | 22.41B | 22.30B | 22.88B | 25.42B | 27.91B | 25.43B |
| Cash, Cash Equivalents and Short-Term Investments | 9.98B | 9.92B | 10.04B | 10.19B | 12.87B | 12.76B |
| Total Debt | 0 | 0 | 3.22M | 20.68M | 0 | 0 |
| Total Liabilities | 7.76B | 8.34B | 9.00B | 10.82B | 11.59B | 10.49B |
| Stockholders Equity | 14.34B | 13.65B | 13.61B | 14.36B | 16.03B | 14.66B |
Cash Flow | ||||||
| Free Cash Flow | 0 | -127.12M | -216.90M | 161.55M | 129.64M | 1.02B |
| Operating Cash Flow | 0 | 216.01M | 338.75M | 810.15M | 538.11M | 1.14B |
| Investing Cash Flow | 0 | -132.61M | 3.00M | -313.02M | 1.81B | -428.56M |
| Financing Cash Flow | 0 | -134.79M | -236.44M | -2.86B | -1.91B | 2.67B |
Adways, Inc. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2489, the sentiment is Negative. The current price of 309.00 is below the 20-day moving average (MA) of 389.65, below the 50-day MA of 404.44, and below the 200-day MA of 315.99, indicating a bearish trend. The MACD of -21.88 indicates Positive momentum. The RSI at 28.50 is Positive, neither overbought nor oversold. The STOCH value of 18.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2489.
Adways, Inc. Peers Comparison
Overall Rating
JP:618076Outperform
JP:367564Neutral
JP:618564Neutral- JP:248962Neutral
JP:656258Neutral
JP:657945.3Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:6180 | 76Outperform | JPY 5.79B | 12.64 | ― | 7.13% | -1.51% | -34.53% |
| JP:3675 | 64Neutral | JPY 10.71B | 12.63 | ― | 2.88% | 14.91% | -43.20% |
| JP:6185 | 64Neutral | JPY 4.92B | 23.95 | ― | ― | 8.74% | -57.22% |
| JP:2489 | 62Neutral | JPY 13.08B | 14.21 | ― | 1.90% | 4.61% | ― |
| Sector * | 60Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
| JP:6562 | 58Neutral | JPY 9.47B | 12.89 | ― | ― | 14.00% | -71.98% |
| JP:6579 | 45Neutral | JPY 1.18B | -16.01 | ― | ― | -11.71% | 54.60% |
* Communication Services Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:2489 | Adways, Inc. | 309.00 | 22.74 | 7.94% | |
| JP:3675 | Cross Marketing Group, Inc. | 520.00 | -137.31 | -20.89% | |
| JP:6180 | GMO Media, Inc. | 3245.00 | -2368.45 | -42.19% | |
| JP:6185 | SMN Corporation | 331.00 | -133.00 | -28.66% | |
| JP:6562 | Geniee, Inc. | 705.00 | -482.00 | -40.61% | |
| JP:6579 | logly, Inc. | 325.00 | -22.00 | -6.34% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 03, 2026