dely inc. (299A) AI Stock Analysis

dely inc.

(TSE/TYO:299A)

Select Model

Rating:70Outperform

Price Target:JPY 1,191.00▲(11.73% Upside)

Action:reiterated

Date:11/02/26

The company's excellent financial performance, marked by high growth and a debt-free balance sheet, is the primary strength. However, the stock is under significant technical pressure, trading in a downtrend with bearish momentum, which heavily offsets the strong fundamentals. The valuation is fair and provides a neutral backdrop.

Positive Factors

Debt-free balance sheetA debt-free balance sheet materially reduces financial risk and preserves flexibility. With equity expanding alongside assets, the company appears better positioned to fund operations, absorb weaker periods, and pursue growth without the refinancing pressure or interest burden associated with leverage.

Negative Factors

Margin compressionThe decline in gross and operating margins suggests that rising costs or heavier investment are absorbing part of the benefit from revenue growth. If this pattern persists, operating leverage could weaken and future profit growth may lag the company’s top-line expansion.

dely inc. (299A) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 46.36B
Dividend Yield: ―
Average Volume (3M): 142.03K
Price to Earnings (P/E): 18.0
Beta (1Y): 0.36
Revenue Growth: ―
EPS Growth: ―
Country: Japan
Employees: 221
Sector: Communication Services
Sector Strength: 60
Industry: Software - Application

dely inc. Business Overview & Revenue Model

Company Description

Headquartered in Tokyo, Japan, Kurashiru, Inc. specializes in the conceptualization, development, and ongoing management of a diverse portfolio of mobile applications and web-based digital media. Their extensive suite of services includes Kurashiru,...

dely inc. Financial Statement Overview

Summary

Strong financial health with rapid revenue growth (34% CAGR), healthy net margins (14.5%), and a pristine, debt-free balance sheet. Cash flow quality is high, with FCF closely tracking net income. Gross margin compression is a minor concern.

Income Statement

87Very Positive

Balance Sheet

96Very Positive

Cash Flow

85Very Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023
Income Statement
Total Revenue	17.96B	17.00B	13.10B	9.90B	6.97B
Gross Profit	8.47B	8.06B	6.31B	5.20B	4.63B
EBITDA	3.87B	3.71B	2.80B	2.52B	1.97B
Net Income	2.54B	2.46B	1.69B	1.48B	1.32B
Balance Sheet
Total Assets	17.14B	16.92B	13.16B	10.55B	9.00B
Cash, Cash Equivalents and Short-Term Investments	11.47B	11.60B	8.89B	7.09B	5.59B
Total Debt	0	0	0	0	0
Total Liabilities	3.25B	3.67B	2.57B	1.65B	1.58B
Stockholders Equity	13.89B	13.25B	10.59B	8.91B	7.42B
Cash Flow
Free Cash Flow	2.81B	2.84B	2.05B	1.40B	2.03B
Operating Cash Flow	2.82B	2.87B	2.11B	1.41B	2.03B
Investing Cash Flow	-499.82M	-355.80M	-314.25M	87.46M	-824.91M
Financing Cash Flow	196.11M	177.20M	899.00K	0	5.60M

dely inc. Technical Analysis

Technical Analysis SentimentNegative

Last Price1066.00

Price Trends

50DMA1225.74Negative

100DMA1128.66Negative

200DMA1082.33Positive

Market Momentum

MACD-29.87Positive

RSI33.05Neutral

STOCH12.50Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:299A, the sentiment is Negative. The current price of 1066.00 is below the 20-day moving average (MA) of 1181.65, below the 50-day MA of 1225.74, and below the 200-day MA of 1082.33, indicating a neutral trend. The MACD of -29.87 indicates Positive momentum. The RSI at 33.05 is Neutral, neither overbought nor oversold. The STOCH value of 12.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:299A.

dely inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (60)

Financial Indicators

JP:299A against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:4477	73Outperform	JPY 39.16B	17.41	―	1.51%	34.68%	552.65%
JP:299A	70Outperform	JPY 46.64B	17.99	―	―	―	―
Sector *	60Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
JP:5027	59Neutral	JPY 46.10B	35.78	―	0.27%	28.94%	-29.21%
JP:9553	58Neutral	JPY 15.72B	22.50	―	―	22.31%	691.30%
JP:6047	57Neutral	JPY 6.46B	-263.33	―	5.79%	-0.10%	-110.45%
JP:2138	42Neutral	JPY 4.84B	-7.97	―	―	-4.39%	-29.99%

* Communication Services Sector Average

Performance Comparison

JP:299A and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:299A	dely inc.	1083.00	-272.00	-20.07%
JP:2138	CROOZ, Inc.	435.00	-118.00	-21.34%
JP:4477	BASE, Inc.	332.00	13.90	4.37%
JP:5027	AnyMind Group Inc.	749.00	87.10	13.16%
JP:6047	Gunosy, Inc.	316.00	-260.33	-45.17%
JP:9553	MicroAd, Inc.	565.00	127.00	29.00%

dely inc. Corporate Events

Kurashiru Signals Structural Media Growth and Steps Up Investment Agenda

Sep 24, 2026

Kurashiru has reported structural growth in its Media Business, with first-quarter net sales rising to JPY 2.2 billion as ad network impressions increased alongside expanding Receipt Challenge users and sustained efficiency initiatives at TRILL. Mana...

Kurashiru Q1 Profit Beats Plan as Media Segment and Receipt Challenge Drive Growth

Aug 21, 2026

Kurashiru reported that its first-quarter FY2026 results were broadly in line with plans, with net sales rising 25.2% year on year to JPY 4,767 million and profit metrics slightly ahead of guidance. Non-GAAP operating profit reached JPY 940 million w...

Kurashiru Issues Performance-Linked Stock Options to Directors and Staff

Aug 19, 2026

Kurashiru, Inc. has approved the issuance of its 16th series of paid-in stock acquisition rights to 13 directors and employees, covering up to 355,300 shares, or about 0.83 percent of shares outstanding. The options are priced using independent valua...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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 02, 2026

dely inc. AI Stock Analysis