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Voltage Incorporation
(3639)
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Rating:46Neutral
Price Target:
¥220.00
▼(-16.03% Downside)
Action:Reiterated
Date:08/17/26
The score is primarily weighed down by deteriorating fundamentals—multi-year revenue contraction, a return to operating/net losses, and negative operating/free cash flow in 2026—partially offset by a low-leverage, stable balance sheet. Technical indicators are neutral-to-weak (negative MACD and price below key moving averages), and valuation is difficult to support due to a negative P/E and no dividend yield data.
Positive Factors
Low Leverage
Low leverage provides financial flexibility while the company manages earnings volatility. Limited debt reduces interest and refinancing pressure, helping preserve strategic options even as profitability and cash generation remain weak.
Negative Factors
Sustained Revenue Decline
A multi-year revenue contraction points to weakening demand, user monetization, or product traction rather than a temporary fluctuation. Continued top-line pressure can reduce operating leverage and limit the resources available for product investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Low leverage provides financial flexibility while the company manages earnings volatility. Limited debt reduces interest and refinancing pressure, helping preserve strategic options even as profitability and cash generation remain weak.
Read all positive factors
Voltage Incorporation (3639) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.47B
Dividend YieldN/A
Average Volume (3M)70.72K
Price to Earnings (P/E)―
Beta (1Y)0.37
Revenue Growth-16.03%
EPS Growth-700.36%
CountryJP
Employees143
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-9.73
Shares Outstanding6,602,675
10 Day Avg. Volume40,500
30 Day Avg. Volume70,716
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)0.61
Price to Sales (P/S)0.58
P/FCF Ratio-11.64
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Voltage Incorporation Business Overview & Revenue Model
Company Description
Voltage Incorporation focuses on the comprehensive lifecycle management of mobile entertainment, spanning everything from initial concept and design to development, production, and ongoing operation, catering to both the Japanese market and an int...
Voltage Incorporation Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
74
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.49B | 2.37B | 2.82B | 3.46B | 4.26B | 5.39B |
| Gross Profit | 1.22B | 1.10B | 1.48B | 1.83B | 2.44B | 3.15B |
| EBITDA | -58.29M | -127.92M | 68.87M | 51.38M | 2.67M | -363.10M |
| Net Income | -63.54M | -80.69M | 13.31M | 5.27M | -39.15M | -412.17M |
Balance Sheet | ||||||
| Total Assets | 2.80B | 2.83B | 2.79B | 2.84B | 2.96B | 3.06B |
| Cash, Cash Equivalents and Short-Term Investments | 761.57M | 676.46M | 1.33B | 1.38B | 1.45B | 1.47B |
| Total Debt | 98.69M | 97.69M | 101.69M | 105.68M | 139.68M | 143.67M |
| Total Liabilities | 602.41M | 577.25M | 598.08M | 665.14M | 793.11M | 870.26M |
| Stockholders Equity | 2.19B | 2.25B | 2.20B | 2.18B | 2.16B | 2.19B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -118.93M | 20.64M | 0.00 | 71.03M | -181.03M |
| Operating Cash Flow | 0.00 | -105.81M | 41.56M | 0.00 | 112.03M | -125.49M |
| Investing Cash Flow | 0.00 | -596.65M | -1.83M | -79.00M | -139.06M | -204.50M |
| Financing Cash Flow | 0.00 | 46.94M | -4.02M | -34.00M | -4.03M | -55.10M |
Voltage Incorporation Technical Analysis
Neutral
262.00
Price Trends
224.38
Positive
230.08
Negative
244.85
Negative
Market Momentum
-0.44
Negative
52.53
Neutral
83.33
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3639, the sentiment is Neutral. The current price of 262 is above the 20-day moving average (MA) of 223.40, above the 50-day MA of 224.38, and above the 200-day MA of 244.85, indicating a neutral trend. The MACD of -0.44 indicates Negative momentum. The RSI at 52.53 is Neutral, neither overbought nor oversold. The STOCH value of 83.33 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:3639.
Voltage Incorporation Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | ¥8.36B | 13.17 | ― | ― | -23.76% | -54.87% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
55 Neutral | ¥2.21B | -21.11 | ― | ― | -6.91% | -173.90% | |
54 Neutral | ¥15.15B | 9.91 | ― | ― | 2.70% | -28.19% | |
50 Neutral | ¥14.97B | -34.26 | ― | ― | 2.67% | -203.45% | |
46 Neutral | ¥1.47B | -18.21 | ― | ― | -16.03% | -700.36% | |
45 Neutral | ¥16.05B | 19.38 | ― | ― | 10.54% | ― |
* Communication Services Sector Average
JP:3639
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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.