ENIGMO, Inc. (JP:3665)
:3665
Want to see JP:3665 full AI Analyst Report?
Top Page
ENIGMO, Inc.
(3665)
Select Model
Select Model
Rating:55Neutral
Price Target:
¥359.00
▼(-19.51% Downside)
Action:Reiterated
Date:03/24/26
The score is driven primarily by mixed financial performance—strong balance-sheet safety and a sharp 2026 revenue rebound are offset by major margin compression and weaker cash conversion. Technicals are currently bearish (price below key moving averages with negative momentum), while valuation is challenged by a high P/E despite support from a high dividend yield.
Positive Factors
Conservative balance sheet
A very low leverage profile and steady equity growth provide long-term solvency and financial flexibility. This conservatism reduces refinancing and bankruptcy risk, enabling the company to pursue strategic investments or weather cyclical downturns without material solvency pressure.
Negative Factors
Compressed operating margins
Sharp compression of operating margins erodes the company's ability to convert high gross profit into sustainable earnings. Persistent higher SG&A or fulfillment costs could limit free cash flow generation and constrain reinvestment, weakening long-term profit resilience.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
A very low leverage profile and steady equity growth provide long-term solvency and financial flexibility. This conservatism reduces refinancing and bankruptcy risk, enabling the company to pursue strategic investments or weather cyclical downturns without material solvency pressure.
Read all positive factors
ENIGMO, Inc. (3665) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥14.70B
Dividend Yield2.31%
Average Volume (3M)459.21K
Price to Earnings (P/E)42.8
Beta (1Y)0.81
Revenue Growth6.19%
EPS Growth-24.70%
CountryJP
Employees149
SectorConsumer Cyclical
Sector Strength84
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)6.38
Shares Outstanding42,642,000
10 Day Avg. Volume380,790
30 Day Avg. Volume459,210
Financial Highlights & Ratios
PEG Ratio-1.99
Price to Book (P/B)1.36
Price to Sales (P/S)2.54
P/FCF Ratio297.52
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)1.3
Revenue Forecast (FY)¥10.80B
ENIGMO, Inc. Business Overview & Revenue Model
Company Description
Enigmo Inc. is a Japanese enterprise focused on the conceptualization, development, and operation of online businesses. Its portfolio includes BUYMA, an e-commerce marketplace enabling customers to buy fashion items from personal shoppers; BUYMA T...
How the Company Makes Money
ENIGMO, Inc. primarily earns revenue through transaction fees charged on purchases made via its BUYMA platform. These fees are collected from both sellers (personal buyers) and shoppers for facilitating cross-border buying and selling. Additionall...
ENIGMO, Inc. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
83
Very Positive
Cash Flow
47
Neutral
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.26B | 6.30B | 5.93B | 6.20B | 6.87B | 7.62B |
| Gross Profit | 4.61B | 4.53B | 4.52B | 4.86B | 5.45B | 6.14B |
| EBITDA | 585.82M | 212.63M | 731.15M | 1.02B | 1.16B | 3.00B |
| Net Income | 253.00M | 326.64M | 433.00M | 838.37M | 712.57M | 2.06B |
Balance Sheet | ||||||
| Total Assets | 14.45B | 15.29B | 14.44B | 13.24B | 12.69B | 13.68B |
| Cash, Cash Equivalents and Short-Term Investments | 8.72B | 8.79B | 9.29B | 10.73B | 10.32B | 12.84B |
| Total Debt | 208.10M | 68.89M | 209.71M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.89B | 3.52B | 3.00B | 2.71B | 2.55B | 2.82B |
| Stockholders Equity | 11.54B | 11.76B | 11.43B | 10.53B | 10.15B | 10.86B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 53.74M | 226.51M | 1.68B | -352.62M | 1.47B |
| Operating Cash Flow | 0.00 | 210.00M | 269.89M | 1.71B | -322.76M | 1.51B |
| Investing Cash Flow | 0.00 | -1.26B | -1.41B | -1.01B | -785.26M | -56.42M |
| Financing Cash Flow | 0.00 | -557.13M | -298.05M | -480.57M | -1.42B | -416.42M |
ENIGMO, Inc. Technical Analysis
Negative
446.00
Price Trends
373.26
Negative
398.92
Negative
381.95
Negative
Market Momentum
-6.92
Negative
38.06
Neutral
15.71
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3665, the sentiment is Negative. The current price of 446 is above the 20-day moving average (MA) of 359.55, above the 50-day MA of 373.26, and above the 200-day MA of 381.95, indicating a bearish trend. The MACD of -6.92 indicates Negative momentum. The RSI at 38.06 is Neutral, neither overbought nor oversold. The STOCH value of 15.71 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3665.
ENIGMO, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥251.12B | 16.64 | ― | 0.43% | 15.63% | 22.43% | |
71 Outperform | ¥46.70B | 23.79 | ― | 0.52% | 25.31% | 22.71% | |
67 Neutral | ¥605.75B | 25.26 | 20.54% | 1.47% | 11.96% | 18.70% | |
65 Neutral | ¥8.50B | 9.99 | ― | 2.16% | -1.76% | 25.65% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
55 Neutral | ¥14.70B | 42.79 | ― | 2.31% | 6.19% | -24.70% | |
45 Neutral | ¥110.86B | 513.67 | ― | 0.14% | 12.38% | -92.66% |
* Consumer Cyclical Sector Average
JP:3665
ENIGMO, Inc.
353.00
64.06
22.17%
JP:3769
GMO Payment Gateway
7,987.00
-1,061.48
-11.73%
JP:3633
GMO Pepabo, Inc.
1,607.00
90.04
5.94%
JP:3778
SAKURA Internet Inc.
2,773.00
-1,119.56
-28.76%
JP:4431
Smaregi, Inc.
2,387.00
-1,091.80
-31.38%
JP:4686
Justsystems Corporation
3,910.00
420.86
12.06%
ENIGMO, Inc. Corporate Events
Enigmo Outlines Progress and Shortfall on TSE Prime Market Listing Criteria
Apr 30, 2026
Enigmo Inc. has reported its progress toward meeting the Tokyo Stock Exchange Prime Market listing maintenance criteria as of January 31, 2026, confirming compliance on shareholder numbers, listed shares, and free float ratio. The company remains ...
Enigmo Sets May 1 Execution Date for U.S. Limousine Subsidiary Acquisition
Apr 28, 2026
Enigmo Inc., via its consolidated subsidiary BUYMA TRAVEL Inc., is proceeding with the acquisition of Krystal Enterprise Limousine, Inc., a U.S. limousine service operator that will become a second-tier subsidiary. The move underscores Enigmo̵...
Enigmo Clarifies Relationship With Sony as Controlling Shareholder
Apr 24, 2026
Enigmo Inc., an equity-method affiliate of Sony Group Corporation, clarified that while Sony holds 25.2% of its voting rights, the company independently determines its management policies and business strategy. Enigmo also has one outside director...
Enigmo Triples Year-End Dividend With ¥30 Payout, Including Commemorative Component
Apr 2, 2026
Enigmo Inc. has resolved to pay a year‑end dividend of ¥30 per share for the fiscal year ended January 31, 2026, consisting of an ordinary dividend of ¥10 and a commemorative dividend of ¥20. The total payout will be ¥1.1...
Enigmo Misses Revenue and Bottom-Line Forecast but Beats Profit Targets on Cost Controls
Mar 16, 2026
Enigmo Inc. reported that revenues for the fiscal year ended January 2026 fell short of its previous forecast due to a challenging consumer environment in its core BUYMA business, exacerbated by euro appreciation, leading to slightly lower net sal...
Enigmo Lifts Profit Above Plan as PHOENIX PROJECT Restructuring Advances
Mar 16, 2026
Enigmo Inc. reported fiscal year ended January 2026 results showing operating income above plan despite one-time structural reform costs, while net sales rose year-on-year but slightly missed internal targets. Management advanced its PHOENIX PROJE...
Enigmo Boosts Dividend Despite Profit Slump, Targets Earnings Rebound in FY2027
Mar 16, 2026
Enigmo reported net sales of ¥6.3 billion for the fiscal year ended January 31, 2026, up 6.2% year on year, but operating and ordinary profits plunged more than 90% to around ¥40 million, while profit attributable to owners fell 24.7% to...
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.