CELSYS, Inc. (JP:3663)
:3663
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CELSYS, Inc.
(3663)
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Rating:81Outperform
Price Target:
¥2,161.00
▲(29.71% Upside)
Action:Reiterated
Date:06/10/26
The score is driven primarily by strong financial performance (high profitability, debt-free balance sheet, solid cash conversion) and supportive technical momentum with the stock trading well above key moving averages. The main offset is valuation, as the P/E is relatively high despite a modest dividend yield.
Positive Factors
Margin Strength
High and expanding margins (gross ~61%, operating ~31%, net ~18% in 2025) indicate a durable ability to convert revenue into profit. Sustained margin strength supports reinvestment in product, resilience to input cost swings, and long-term free cash flow generation.
Negative Factors
Uneven Revenue and Profit Trends
The company’s revenue and profit trajectory has been uneven—near-flat revenue in 2024 and a profit dip in 2023—reducing predictability of future earnings. This volatility complicates capacity planning and weakens confidence in steady long-term growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin Strength
High and expanding margins (gross ~61%, operating ~31%, net ~18% in 2025) indicate a durable ability to convert revenue into profit. Sustained margin strength supports reinvestment in product, resilience to input cost swings, and long-term free cash flow generation.
Read all positive factors
CELSYS, Inc. (3663) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥60.78B
Dividend Yield2.06%
Average Volume (3M)138.18K
Price to Earnings (P/E)29.6
Beta (1Y)0.72
Revenue Growth14.88%
EPS Growth22.38%
CountryJP
Employees253
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)42.94
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)79.3
Revenue Forecast (FY)¥10.50B
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 and associated services, centered on CLIP STUDIO PAINT. Key revenue streams include: (1) Software sales and subscriptions: revenue from end users and professionals who pur...
CELSYS, Inc. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.88B | 9.47B | 8.20B | 8.09B | 7.54B | 6.89B |
| Gross Profit | 5.13B | 5.80B | 4.54B | 3.91B | 4.16B | 3.63B |
| EBITDA | 2.97B | 3.65B | 2.80B | 2.13B | 2.32B | 2.33B |
| Net Income | 1.33B | 1.68B | 1.40B | 626.43M | 1.05B | 1.22B |
Balance Sheet | ||||||
| Total Assets | 8.39B | 7.91B | 8.43B | 8.56B | 10.22B | 8.44B |
| Cash, Cash Equivalents and Short-Term Investments | 5.50B | 4.09B | 5.39B | 5.60B | 6.78B | 5.73B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.84B | 3.58B | 3.01B | 1.90B | 2.00B | 1.87B |
| Stockholders Equity | 5.55B | 4.33B | 5.42B | 6.59B | 8.22B | 6.58B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.55B | 3.70B | 1.51B | 501.49M | 1.21B |
| Operating Cash Flow | 0.00 | 2.62B | 3.73B | 2.34B | 1.55B | 1.97B |
| Investing Cash Flow | 0.00 | -901.51M | -1.65B | -1.47B | -1.03B | -473.51M |
| Financing Cash Flow | 0.00 | -3.02B | -2.30B | -2.12B | 490.54M | 1.28B |
CELSYS, Inc. Technical Analysis
Positive
1666.00
Price Trends
1554.38
Positive
1458.89
Positive
1573.43
Positive
Market Momentum
79.77
Positive
56.09
Neutral
25.85
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 1741.85, above the 50-day MA of 1554.38, and above the 200-day MA of 1573.43, indicating a bullish trend. The MACD of 79.77 indicates Positive momentum. The RSI at 56.09 is Neutral, neither overbought nor oversold. The STOCH value of 25.85 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 (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥60.78B | 29.58 | ― | 2.06% | 14.88% | 22.38% | |
71 Outperform | ¥6.35B | 22.45 | ― | ― | 16.23% | 57.39% | |
69 Neutral | ¥47.89B | 9.53 | ― | 2.81% | 5.99% | 23.34% | |
63 Neutral | ¥5.32B | 30.51 | ― | ― | 6.84% | -67.48% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | ¥3.07B | -5.40 | ― | ― | -9.43% | -8128.33% |
* Technology Sector Average
JP:3663
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CELSYS, Inc. Corporate Events
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...
CELSYS Hits Record ARR as Clip Studio Paint 5.0 Fuels Subscription Growth
May 12, 2026
CELSYS reported that the strong global reception of Clip Studio Paint’s major version 5.0 update, launched in March, carried into April, driving its annual recurring revenue three-month moving average to a record ¥5.9 billion and liftin...
CELSYS Marks 35th Anniversary With Focus on Creator Economy Growth
May 8, 2026
Marking its 35th anniversary on May 1, 2026, CELSYS, Inc. reaffirmed its long-term commitment to supporting creative activities through ongoing enhancement of its digital creation tools and services. The company emphasized a strategy centered on s...
CELSYS posts strong Q1 earnings and signals higher full-year profit, dividend
May 8, 2026
CELSYS, Inc. reported strong non-consolidated results for the three months ended March 31, 2026, with net sales rising 16.7% year-on-year to ¥2.8 billion and operating profit surging 59.6% to ¥1.2 billion, lifting quarterly profit to ...
CELSYS Completes Restricted Stock Treasury Share Disposal for Executive and Employee Compensation
Apr 24, 2026
CELSYS, Inc. has completed the payment process for the disposal of 37,800 treasury shares under its restricted stock compensation plan, following a March 30, 2026 board resolution. The shares, priced at ¥1,362 each for a total of ¥51,483...
CELSYS hits record ARR on strong Clip Studio Paint Ver. 5.0 launch
Apr 7, 2026
CELSYS reported strong March 2026 operating metrics driven by the major Clip Studio Paint Ver. 5.0 update, which was well received by users globally. Sales of the new version exceeded 150% of the company’s initial plan, and subscription addi...
CELSYS to Grant Restricted Stock via Disposal of Treasury Shares
Mar 30, 2026
CELSYS has approved the disposal of 37,800 treasury shares, worth about ¥51.48 million, to directors and employees under its restricted stock compensation plan. The move is part of a broader scheme, authorized by shareholders, to issue or dis...
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.