Pole To Win Holdings.Inc. (3657) AI Stock Analysis

• Market Cap: ¥12.62B
• Dividend Yield: 4.48%
• Average Volume (3M): 90.88K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.05
• Revenue Growth: 7.53%
• EPS Growth: 49.93%
• Country: JP
• Employees: 3,347
• Sector: Technology
• Sector Strength: 88
• Industry: Information Technology Services
• EPS (TTM): 6.13
• Shares Outstanding: 38,156,000
• 10 Day Avg. Volume: 135,320
• 30 Day Avg. Volume: 90,880
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ¥365.00
• Price Target Upside: 2.24% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 50 Neutral
• Price Target: ¥365.00 ▲(2.24% Upside)

Pole To Win Holdings Inc. faces challenges with profitability and cash flow, impacting its financial performance score. The technical analysis indicates a bearish trend, while the valuation is hindered by a negative P/E ratio. The dividend yield offers some support, but overall, the stock's outlook is cautious.

Pole To Win Holdings.Inc. Business Overview & Revenue Model

Company Description

Pole To Win Holdings, Inc., together with its subsidiaries, engages in the testing/verification and evaluation, and Internet supporting businesses in Japan and internationally. The company operates through Testing/Verification & Evaluation Business, Internet Supporting Business, and Others segments. The Testing/Verification & Evaluation Business segment provides defect detection services in support of enhancement in product quality of software and hardware, as well as localization customer support and voice recording services for game software developers. The Internet Supporting Business segment provides monitoring fraud services, such as QR code settlement and virtual currency, as well as services related to identity verification, detection of anti-money laundering, and behavior method services. The Others segment offers services to produce subtitles audio guides for television programs and movies; and provides support services, such as visa obtainment, school enrollment, and daily life procedures for foreign personnel working in medical institutes. The company was formerly known as Poletowin Pitcrew Holdings, Inc. and changed its name to Pole To Win Holdings, Inc. in May 2022. Pole To Win Holdings, Inc. was incorporated in 2009 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Pole To Win Holdings Inc. generates revenue through its diversified outsourcing service offerings. The company primarily makes money by providing quality assurance testing, which involves identifying and resolving bugs and issues in video games and software to ensure a smooth user experience. Additionally, it earns revenue from localization services, which adapt content to fit different languages and cultures, and customer support services, which provide assistance to end-users of the products. Key revenue streams include long-term contracts with major video game developers and software companies, leveraging significant partnerships with industry leaders to maintain a steady flow of projects. Factors contributing to its earnings include the growing demand for high-quality user experiences in the digital entertainment sector and the increasing complexity of software and video games that require comprehensive testing and support services.

Pole To Win Holdings.Inc. Financial Statement Overview

Summary

Pole To Win Holdings Inc. presents a mixed financial picture. Revenue growth is positive, but profitability concerns and inconsistent cash flow generation present challenges. The balance sheet remains relatively robust, providing a foundation for potential recovery.

Income Statement

Pole To Win Holdings Inc. has shown a mixed performance in its income statement metrics. The gross profit margin remains relatively stable, but the company has faced significant challenges with profitability, as evidenced by a negative net income in the most recent year and a declining EBIT margin. Revenue growth has been positive over the years, yet the profitability concerns weigh heavily on the overall score.

Balance Sheet

The balance sheet indicates a moderate level of stability with a reasonable equity ratio. However, the debt-to-equity ratio has increased, reflecting a rise in total debt. The company's return on equity has suffered due to negative net income, yet the overall equity position remains strong, suggesting potential for recovery.

Cash Flow

Cash flow analysis reveals some strengths and weaknesses. Operating cash flow remains positive, indicating good cash generation from operations. However, free cash flow growth has been inconsistent, showing negative growth in certain periods. The company struggles to convert net income to cash effectively, impacting the cash flow score.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	52.23B	52.23B	46.98B	39.93B	34.25B	26.73B
Gross Profit	11.61B	11.61B	10.73B	11.05B	9.72B	8.01B
EBITDA	1.99B	1.61B	26.57M	3.04B	4.14B	4.10B
Net Income	-692.64M	-692.47M	-1.97B	795.11M	2.22B	2.12B
Balance Sheet
Total Assets	28.44B	28.44B	24.44B	27.46B	22.28B	20.39B
Cash, Cash Equivalents and Short-Term Investments	7.01B	7.01B	7.84B	11.19B	9.74B	11.16B
Total Debt	7.09B	7.10B	4.99B	3.87B	299.78M	46.52M
Total Liabilities	16.00B	16.00B	11.00B	9.77B	4.64B	4.71B
Stockholders Equity	12.44B	12.44B	13.44B	17.68B	17.64B	15.67B
Cash Flow
Free Cash Flow	0.00	170.00M	-1.45B	799.85M	1.19B	1.44B
Operating Cash Flow	0.00	919.70M	838.84M	1.92B	1.84B	2.04B
Investing Cash Flow	0.00	-3.18B	-2.90B	-2.56B	-2.66B	-963.22M
Financing Cash Flow	0.00	1.25B	-1.51B	2.01B	-659.83M	-468.69M

Pole To Win Holdings.Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 357.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3657, the sentiment is Negative. The current price of 357 is below the 20-day moving average (MA) of 372.25, below the 50-day MA of 371.24, and below the 200-day MA of 384.95, indicating a bearish trend. The MACD of -2.61 indicates Positive momentum. The RSI at 37.99 is Neutral, neither overbought nor oversold. The STOCH value of 9.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3657.

Pole To Win Holdings.Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
6199	80 Outperform	23.71B	13.47	20.30%	0.76%	11.33%	24.80%
2335	79 Outperform	17.92B	14.02	11.60%	3.29%	2.38%	32.36%
3918	74 Outperform	12.55B	10.65	9.28%	2.75%	-7.36%	35.89%
3676	72 Outperform	21.11B	24.67	7.03%	2.15%	-0.09%	1653.62%
3657	50 Neutral	¥12.62B	―		4.48%	7.53%	49.93%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Pole To Win Holdings.Inc. Corporate Events

Pole To Win Holdings Exceeds Profit Forecasts Amid Strategic Business Shift

Pole To Win Holdings, Inc. reported financial results for the second quarter of the fiscal year ending January 31, 2026, highlighting a successful withdrawal from its Media Contents business. This strategic move resulted in exceeding profit forecasts due to reduced expenses, although sales were impacted by the postponement of overseas projects. The company anticipates improved profit margins and has revised its full-year earnings forecast, reflecting a decrease in sales but maintaining profit expectations.

The most recent analyst rating on (JP:3657) stock is a Hold with a Yen386.00 price target. To see the full list of analyst forecasts on Pole To Win Holdings.Inc. stock, see the JP:3657 Stock Forecast page.

Pole To Win Director to Acquire Company Shares to Boost Value

Pole To Win Holdings, Inc. announced that its director, Mitsutaka Motoshige, plans to acquire 50,000 shares of the company, representing 0.13% of the total issued shares, through market purchases on the Tokyo Stock Exchange. This acquisition, scheduled for September 16-22, 2025, aims to strengthen management commitment, promote value sharing with shareholders, and enhance corporate value, with an estimated cost of ¥18.15 million.

The most recent analyst rating on (JP:3657) stock is a Hold with a Yen377.00 price target. To see the full list of analyst forecasts on Pole To Win Holdings.Inc. stock, see the JP:3657 Stock Forecast page.

Pole To Win Holdings Revises FY 2026 Forecasts Amid Strategic Business Shift

Pole To Win Holdings, Inc. announced the recognition of deferred tax assets for the second quarter of FY 1/2026, which led to a revision of its consolidated financial results forecast. The company has decided to withdraw from its Media Contents business, impacting its sales and operating loss forecasts. This strategic shift, along with the exclusion of several subsidiaries from consolidation, has resulted in a revised full-year earnings forecast, reflecting a decrease in net sales and operating profit but a slight increase in net income attributable to owners of the parent.

The most recent analyst rating on (JP:3657) stock is a Hold with a Yen377.00 price target. To see the full list of analyst forecasts on Pole To Win Holdings.Inc. stock, see the JP:3657 Stock Forecast page.

Pole To Win Holdings Revises Earnings Forecast Amid Business Withdrawal

Pole To Win Holdings, Inc. has revised its full-year earnings forecast due to the withdrawal from its Media Contents business, resulting in a significant decrease in projected revenue and operating profit. The company has adjusted its forecasts for both Domestic and Overseas Solutions, reflecting changes in sales and operating profit expectations. The sale of HIKE and AQUAPLUS has also impacted the financial results, with special gains recorded from these transactions.

The most recent analyst rating on (JP:3657) stock is a Hold with a Yen377.00 price target. To see the full list of analyst forecasts on Pole To Win Holdings.Inc. stock, see the JP:3657 Stock Forecast page.

Pole To Win Holdings Reports Mixed Financial Results for First Half of 2025

Pole To Win Holdings, Inc. reported its consolidated financial results for the six months ended July 31, 2025, showing a slight increase in net sales by 1.6% year-on-year but a decline in profitability with an operating loss of 206 million yen. The company has revised its full-year earnings forecast, indicating a cautious outlook amid changes in its scope of consolidation, including the exclusion of seven companies.

The most recent analyst rating on (JP:3657) stock is a Hold with a Yen377.00 price target. To see the full list of analyst forecasts on Pole To Win Holdings.Inc. stock, see the JP:3657 Stock Forecast page.

Pole To Win Holdings Exits Media Contents Business with AQUAPLUS Share Transfer

Pole To Win Holdings, Inc. has decided to transfer all shares of its subsidiary AQUAPLUS Co., Ltd. to YUKE’S Co., Ltd., marking its exit from the Media Contents business. This strategic move is aimed at reallocating resources towards domestic software testing, overseas expansion, and AI integration, while expecting to record an extraordinary gain in the financial results of FY 1/2026.

Pole To Win Holdings to Transfer AQUAPLUS Shares for Strategic Growth

Pole To Win Holdings, Inc. has decided to transfer its shares of AQUAPLUS Co., Ltd, a subsidiary under its Media Contents division, to a non-group company. This decision is part of a strategy to secure a competitive position in the content industry by allowing AQUAPLUS to operate as a standalone game developer, potentially increasing synergies with new partners. The transfer aims to enhance AQUAPLUS’s business prospects in a growing and competitive market.

Pole To Win Holdings Transfers HIKE Inc. to Focus on Core Operations

Pole To Win Holdings, Inc. announced the transfer of shares and receivables of its subsidiary, HIKE Inc., to HIKE Holdings Inc., led by HIKE’s founder. This move will exclude HIKE and its subsidiaries from Pole To Win’s consolidated scope, resulting in extraordinary profits and losses for the fiscal year ending January 2026. The decision aligns with the company’s strategy to optimize resource allocation and enhance corporate value, while maintaining a business partnership with HIKE. The proceeds from the transfer will be invested in software development, overseas expansion, and AI integration.

Pole To Win Holdings, Inc. Withdraws from Media Contents Business to Focus on Core Operations

Pole To Win Holdings, Inc. has decided to withdraw from its Media Contents business, which accounted for 14.2% of its consolidated sales as of January 2025. This decision follows the realization that the Media Contents sector requires continuous investment to remain competitive. The company plans to conduct a management buyout of its subsidiary HIKE and transfer shares of AQUAPLUS to a third party to focus on its core operations. The proceeds from these transactions will be used to enhance software testing, expand overseas business, and improve AI operations, aiming to boost corporate value and improve cash flow.