TipRanks
Go Ultimate55% OFF

Axel Mark Inc. (3624) AI Stock Analysis

JP:3624

Axel Mark Inc.

(TSE/TYO:3624)

Select Model
Rating:38Underperform
Price Target:JPY 35.00â–²(6.06% Upside)
Action:reiterated
Date:10/30/26

The score is driven primarily by weak financial performance (sustained losses and recurring cash burn) and very bearish technicals (price far below key moving averages with negative MACD). Valuation provides limited offset because the negative P/E reflects unprofitable earnings and no dividend yield data is available.

Positive Factors
Revenue RecoveryThe sharp 2025 revenue rebound and reported 21.8% growth indicate that demand or business activity can recover after contraction. If this improvement persists, a larger revenue base could support operating leverage and provide a foundation for restoring profitability.
Negative Factors
Sustained Losses and Low MarginsPersistently low gross margins leave limited room to absorb operating costs, while repeated operating and net losses show that revenue is not currently translating into earnings. The severe 2025 net margin deterioration makes a durable profitability recovery uncertain over the coming quarters.

Axel Mark Inc. (3624) vs. iShares MSCI Japan ETF (EWJ)

-80%-60%-40%-20%0%20%40%JP:3624-69.44%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 2.16B
Dividend Yield
―
Average Volume (3M)
1.05M
Price to Earnings (P/E)
-0.8
Beta (1Y)
1.05
Revenue Growth
21.80%
EPS Growth
9.39%
Country
Japan
Employees
50
Sector
Communication Services
Sector Strength
60
Industry
Internet Content & Information

Axel Mark Inc. Business Overview & Revenue Model

Company Description

Axel Mark Inc., a Tokyo-headquartered enterprise founded in 1994, primarily focuses on the conceptualization and development of games within Japan, including innovative blockchain-based titles and their related digital assets. The company also operat...

Axel Mark Inc. Financial Statement Overview

Summary

Overall financial profile is weak: recent years show large operating/net losses and very low gross margins, with 2025 deteriorating sharply (net margin around -78%). Cash flow is also a major concern with negative operating and free cash flow in 2023–2025 and accelerating burn in 2025. The balance sheet is a relative positive (improving leverage and higher equity), but returns on equity remain deeply negative.

Income Statement

24Negative

Balance Sheet

46Neutral

Cash Flow

21Negative
Financial statement breakdown
BreakdownTTMSep 2025Sep 2024Sep 2023Sep 2022Sep 2021
Income Statement
Total Revenue1.23B973.57M1.58B2.14B2.67B2.66B
Gross Profit262.96M102.33M88.40M219.68M315.61M312.33M
EBITDA-798.42M-757.89M-371.17M-94.22M-91.66M85.04M
Net Income-795.09M-763.13M-388.57M-102.42M-100.63M74.62M
Balance Sheet
Total Assets452.91M1.33B925.05M1.42B1.56B1.71B
Cash, Cash Equivalents and Short-Term Investments148.20M919.15M510.93M906.04M1.24B1.14B
Total Debt0376.50M356.65M356.65M378.94M713.29M
Total Liabilities107.49M520.92M457.94M568.37M625.38M1.02B
Stockholders Equity345.42M804.71M467.11M854.09M935.13M691.87M
Cash Flow
Free Cash Flow0-486.46M-339.29M-275.32M93.53M0
Operating Cash Flow0-466.60M-288.00M-172.86M93.53M-13.59M
Investing Cash Flow0-233.74M-108.31M-162.21M7.46M89.13M
Financing Cash Flow01.11B1.20M1.01M500.00K812.12M

Axel Mark Inc. Technical Analysis

Technical Analysis SentimentNegative
Last Price33.00

Price Trends

50DMA78.96Negative
100DMA74.24Negative
200DMA76.56Negative

Market Momentum

MACD-13.39Positive
RSI22.10Positive
STOCH3.67Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3624, the sentiment is Negative. The current price of 33.00 is below the 20-day moving average (MA) of 66.50, below the 50-day MA of 78.96, and below the 200-day MA of 76.56, indicating a bearish trend. The MACD of -13.39 indicates Positive momentum. The RSI at 22.10 is Positive, neither overbought nor oversold. The STOCH value of 3.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3624.

Axel Mark Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (60)

Financial Indicators

JP:3624 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:6180JP:618078OutperformJPY 5.96B13.56―6.93%-1.51%-34.53%
JP:2489JP:248967NeutralJPY 15.09B10.85―1.65%3.61%―
JP:6562JP:656263NeutralJPY 10.88B16.44――14.00%-71.98%
Sector *60Neutral$48.67B4.58-11.27%4.14%2.83%-41.78%
JP:6579JP:657945NeutralJPY 1.19B-16.01――-11.71%54.60%
JP:3624JP:362438UnderperformJPY 2.16B-0.82――21.80%9.39%

* Communication Services Sector Average

Performance Comparison

-50%0%50%JP:3624JP:2489JP:6180JP:6562JP:6579Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:3624 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:3624Axel Mark Inc.33.00-75.00-69.44%
JP:2489Adways, Inc.390.00107.6538.13%
JP:6180GMO Media, Inc.3480.00-2008.70-36.60%
JP:6562Geniee, Inc.899.00-264.00-22.70%
JP:6579logly, Inc.325.00-30.00-8.45%
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: Oct 30, 2026