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Axel Mark Inc. (JP:3624)
:3624
Japanese Market
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Axel Mark Inc. (3624) AI Stock Analysis

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JP:3624

Axel Mark Inc.

(3624)

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Neutral 52 (OpenAI - Gpt-5.6Sol)
Rating:52Neutral
Price Target:
¥86.00
▼(-22.52% Downside)
Action:Reiterated
Date:09/15/26
The score is held down primarily by weak financial performance—persistent losses, very low margins, and ongoing negative operating/free cash flow—despite some balance-sheet improvement. Technicals provide the main support, with the stock trading above key moving averages and positive MACD/RSI momentum. Valuation remains constrained by negative earnings and no provided dividend yield.
Positive Factors
Revenue recovery and reported growth
The 2025 rebound and reported growth indicate the company can regain demand after contraction, creating a base for recovery over the next several quarters. However, durability depends on converting the top-line improvement into healthier margins and cash generation.
Negative Factors
Persistent losses and very low margins
Sustained operating and net losses indicate that revenue is not currently translating into viable earnings. Very low gross margins leave limited room to absorb expenses or invest for growth, while the severe 2025 deterioration raises concern that profitability recovery may take multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue recovery and reported growth
The 2025 rebound and reported growth indicate the company can regain demand after contraction, creating a base for recovery over the next several quarters. However, durability depends on converting the top-line improvement into healthier margins and cash generation.
Read all positive factors

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

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 ope...

Axel Mark Inc. Financial Statement Overview

Summary
Overall financial quality is weak: the company has sustained large operating and net losses in 2023–2025 with very low gross margins and a particularly severe 2025 net margin deterioration. Cash flow is also a major risk, with negative operating and free cash flow in 2023–2025 and accelerating cash burn in 2025. The balance sheet is a relative positive (improved debt-to-equity and higher equity), but deeply negative ROE and ongoing losses dominate the assessment.
Income Statement
24
Negative
Balance Sheet
46
Neutral
Cash Flow
21
Negative
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 Debt0.00376.50M356.65M356.65M378.94M713.29M
Total Liabilities107.49M520.92M457.94M568.37M625.38M1.02B
Stockholders Equity345.42M804.71M467.11M854.09M935.13M691.87M
Cash Flow
Free Cash Flow0.00-486.46M-339.29M-275.32M93.53M0.00
Operating Cash Flow0.00-466.60M-288.00M-172.86M93.53M-13.59M
Investing Cash Flow0.00-233.74M-108.31M-162.21M7.46M89.13M
Financing Cash Flow0.001.11B1.20M1.01M500.00K812.12M

Axel Mark Inc. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price111.00
Price Trends
50DMA
79.76
Positive
100DMA
74.50
Positive
200DMA
78.36
Positive
Market Momentum
MACD
2.25
Positive
RSI
53.02
Neutral
STOCH
40.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3624, the sentiment is Positive. The current price of 111 is above the 20-day moving average (MA) of 88.85, above the 50-day MA of 79.76, and above the 200-day MA of 78.36, indicating a bullish trend. The MACD of 2.25 indicates Positive momentum. The RSI at 53.02 is Neutral, neither overbought nor oversold. The STOCH value of 40.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3624.

Axel Mark Inc. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (60)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
¥6.38B14.84―6.38%-1.51%-34.53%
67
Neutral
¥15.98B11.88―1.51%3.61%―
63
Neutral
¥12.01B18.16――14.00%-71.98%
60
Neutral
$48.67B4.58-11.27%4.14%2.83%-41.78%
52
Neutral
¥5.62B-2.11――21.80%9.39%
46
Neutral
¥1.23B-16.50――-11.71%54.60%
* Communication Services Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:3624
Axel Mark Inc.
89.00
-15.00
-14.42%
JP:2489
Adways, Inc.
425.00
139.72
48.98%
JP:6180
GMO Media, Inc.
3,780.00
-1,286.50
-25.39%
JP:6562
Geniee, Inc.
990.00
-295.00
-22.96%
JP:6579
logly, Inc.
335.00
-33.00
-8.97%
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: Sep 15, 2026