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CELSYS, Inc.
(3663)
Select Model
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Rating:71Outperform
Price Target:
¥2,147.00
▲(28.87% Upside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by strong financial performance (high and improving profitability, debt-free balance sheet, and solid cash generation). This is tempered by weak near-term technicals (below 20- and 50-day moving averages) and a moderate valuation profile (P/E 22.232 with ~1.97% yield).
Positive Factors
Profitability and Margin Expansion
High and improving margins indicate a scalable software model with strong earnings quality. Sustained profitability gives CELSYS resources to reinvest in CLIP STUDIO PAINT, product development, and distribution while supporting resilience.
Negative Factors
Uneven Growth Trajectory
The earnings record shows that growth and profitability can fluctuate materially between years. Such inconsistency may reflect changing demand, renewal cycles, or investment levels, making medium-term performance less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability and Margin Expansion
High and improving margins indicate a scalable software model with strong earnings quality. Sustained profitability gives CELSYS resources to reinvest in CLIP STUDIO PAINT, product development, and distribution while supporting resilience.
Read all positive factors
CELSYS, Inc. (3663) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥66.45B
Dividend Yield1.75%
Average Volume (3M)138.18K
Price to Earnings (P/E)25.1
Beta (1Y)0.62
Revenue Growth15.90%
EPS Growth80.17%
CountryJP
Employees253
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)55.11
Shares Outstanding34,771,180
10 Day Avg. Volume125,220
30 Day Avg. Volume138,176
Financial Highlights & Ratios
PEG Ratio1.22
Price to Book (P/B)11.71
Price to Sales (P/S)5.36
P/FCF Ratio19.87
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)86.1
Revenue Forecast (FY)¥11.00B
CELSYS, Inc. Business Overview & Revenue Model
Company Description
CELSYS, Inc. is a Japanese enterprise primarily engaged in the creation and distribution of digital content. Its operations are strategically divided into two core segments: the Service of Creators and the User Interface/User Experience (UI/UX) di...
How the Company Makes Money
CELSYS primarily makes money by selling and licensing its creative software, centered on CLIP STUDIO PAINT. Key revenue streams include: (1) end-user software monetization, such as paid licenses and/or subscription fees for CLIP STUDIO PAINT depen...
CELSYS, Inc. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.47B | 8.20B | 8.09B | 7.54B | 6.89B |
| Gross Profit | 5.80B | 4.54B | 3.91B | 4.16B | 3.63B |
| EBITDA | 3.65B | 2.80B | 2.13B | 2.32B | 2.33B |
| Net Income | 1.68B | 1.40B | 626.43M | 1.05B | 1.22B |
Balance Sheet | |||||
| Total Assets | 7.91B | 8.43B | 8.56B | 10.22B | 8.44B |
| Cash, Cash Equivalents and Short-Term Investments | 4.09B | 5.39B | 5.60B | 6.78B | 5.73B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.58B | 3.01B | 1.90B | 2.00B | 1.87B |
| Stockholders Equity | 4.33B | 5.42B | 6.59B | 8.22B | 6.58B |
Cash Flow | |||||
| Free Cash Flow | 2.55B | 3.70B | 1.51B | 501.49M | 1.21B |
| Operating Cash Flow | 2.62B | 3.73B | 2.34B | 1.55B | 1.97B |
| Investing Cash Flow | -901.51M | -1.65B | -1.47B | -1.03B | -473.51M |
| Financing Cash Flow | -3.02B | -2.30B | -2.12B | 490.54M | 1.28B |
CELSYS, Inc. Technical Analysis
Positive
1666.00
Price Trends
1862.92
Positive
1684.72
Positive
1586.31
Positive
Market Momentum
14.70
Negative
56.95
Neutral
73.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3663, the sentiment is Positive. The current price of 1666 is below the 20-day moving average (MA) of 1853.25, below the 50-day MA of 1862.92, and above the 200-day MA of 1586.31, indicating a bullish trend. The MACD of 14.70 indicates Negative momentum. The RSI at 56.95 is Neutral, neither overbought nor oversold. The STOCH value of 73.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3663.
CELSYS, Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ¥6.85B | 23.24 | ― | ― | 22.58% | 66.31% | |
79 Outperform | ¥54.58B | 11.04 | ― | 2.81% | 7.09% | 32.95% | |
76 Outperform | ¥5.83B | 35.76 | ― | ― | 7.04% | -67.36% | |
71 Outperform | ¥66.45B | 25.07 | ― | 2.06% | 15.90% | 80.17% | |
57 Neutral | ¥4.06B | -7.24 | ― | ― | -9.43% | -8128.33% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
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CELSYS, Inc. Corporate Events
CELSYS to Cancel 2 Million Treasury Shares to Lift Capital Efficiency
Aug 14, 2026
CELSYS, Inc. has resolved at its August 14, 2026 board meeting to cancel 2,000,000 of its common treasury shares, representing 5.75% of the total shares outstanding before cancellation. This move is intended to boost capital efficiency and enhance...
CELSYS Hits Record Subscription ARR as Growth Accelerates
Aug 7, 2026
CELSYS reported that subscription-based annual recurring revenue (ARR) and subscription sales for Clip Studio Paint reached record levels in July 2026. Both ARR and subscription sales showed their highest year-on-year increases to date, underscori...
CELSYS Lifts 2026 Dividend Forecast on Strong First-Half Results
Aug 7, 2026
CELSYS has revised its dividend forecast for the fiscal year ending December 31, 2026, raising the projected year-end dividend from 30 yen to 32 yen per share, including a 10 yen commemorative component to mark its 35th anniversary. This lifts the...
CELSYS Lifts 2026 Earnings Forecasts and Dividend on Strong Global Demand
Jul 31, 2026
CELSYS, Inc. has raised its full-year 2026 forecasts, now expecting net sales of ¥10.81 billion and operating profit of ¥4.0 billion, representing double-digit growth versus both prior guidance and 2025 results. The company projects basi...
CELSYS Raises Guidance as CLIP STUDIO PAINT Upgrade Powers Record Subscription Growth
Jul 31, 2026
CELSYS reported robust Q2 FY12/26 results, powered by strong reception of a major version upgrade to CLIP STUDIO PAINT and surging subscription revenue. Subscription ARR climbed 31% year on year to 6.3 billion yen, the biggest increase in the comp...
CELSYS Boosts Earnings Outlook as Profits and Dividends Climb
Jul 31, 2026
CELSYS, Inc. reported strong non-consolidated results for the six months ended June 30, 2026, with net sales rising 17.4% year on year to ¥5.56 billion. Operating profit surged 44.8% to ¥2.22 billion and profit jumped 72.6% to ¥1.50...
CELSYS Raises Interim Earnings Forecasts on Strong CLIP STUDIO PAINT Sales, Boosts Dividend
Jul 10, 2026
CELSYS revised upward its semi‑annual forecast for the period ended June 30, 2026 after stronger‑than‑expected global demand for CLIP STUDIO PAINT, particularly following the major Ver. 5.0 update released in March and successful...
CELSYS Hits Record ARR and Sales as Clip Studio Paint User Base Tops 13 Million
Jul 7, 2026
CELSYS reported that subscription Annual Recurring Revenue for Clip Studio Paint reached approximately 6.3 billion yen in June 2026, marking an all-time high alongside record monthly sales and year-over-year ARR growth of about 1.48 billion yen. T...
CELSYS Lifts 2026 Dividend Forecast With 35th Anniversary Payout
Jul 7, 2026
CELSYS, Inc. has revised its dividend forecast for the fiscal year ending December 31, 2026, announcing a fiscal year-end dividend of 30 yen per share, including a 10 yen commemorative component to celebrate its 35th anniversary. Combined with the...
CELSYS Posts Record ARR and Stable Churn for Clip Studio Paint in May 2026
Jun 5, 2026
CELSYS reported that annual recurring revenue for its Clip Studio Paint subscriptions reached a record three-month moving average of ¥6.18 billion in May 2026. The year-on-year ARR increase of more than ¥1.4 billion marked a new high, un...
CELSYS Lifts Interim Dividend on Record Earnings and Solid Business Momentum
Jun 5, 2026
CELSYS, Inc. has revised its interim dividend forecast for the fiscal year ending December 31, 2026, raising the second-quarter dividend from 18 yen to 20 yen per share and lifting the projected annual payout from 38 yen to 40 yen. The full-year d...
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.