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AltPlus Inc. (3672) AI Stock Analysis
AltPlus Inc.
(TSE/TYO:3672)
The score is driven primarily by weak financial performance—multi-year revenue decline, persistent losses, and ongoing cash burn—despite the benefit of a debt-free balance sheet. Technical indicators reinforce the risk profile, showing a clear downtrend with weak momentum. Valuation offers limited support because the negative P/E reflects unprofitable operations and no dividend yield data is available.
AltPlus Inc. (3672) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 1.72B
- Dividend Yield
- ―
- Average Volume (3M)
- 264.00K
- Price to Earnings (P/E)
- -2.0
- Beta (1Y)
- 0.87
- Revenue Growth
- -7.14%
- EPS Growth
- 47.41%
- Country
- Japan
- Employees
- 199
- Sector
- Communication Services
- Sector Strength
- 60
- Industry
- Electronic Gaming & Multimedia
AltPlus Inc. Business Overview & Revenue Model
Company Description
Established in 2010, AltPlus Inc. is a Tokyo, Japan-based company specializing in the conceptualization, creation, and ongoing management of social games. The firm additionally offers development and operational assistance for various IT services.
AltPlus Inc. Financial Statement Overview
Summary
Overall financial performance is very weak: revenue has contracted sharply (about ¥7.29B in 2021 to ~¥2.90B in 2025), margins are deeply negative (operating margin ~-16.1%, net margin ~-15.0% in 2025), and cash generation is consistently negative (2025 operating cash flow ~¥(0.57B), free cash flow ~¥(0.58B)). The main offset is the low-risk capital structure with no debt in 2024–2025 and positive equity (~¥1.01B in 2025), but ongoing losses (ROE ~-43% in 2025) threaten that cushion over time.
Income Statement
18Very NegativeBalance Sheet
58NeutralCash Flow
14Very Negative| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.72B | 2.90B | 3.52B | 4.39B | 6.00B | 7.29B |
| Gross Profit | 99.33M | 174.04M | 214.94M | 373.39M | 228.03M | 487.68M |
| EBITDA | -564.68M | -464.97M | -450.31M | -557.40M | -795.60M | -521.97M |
| Net Income | -651.96M | -434.66M | -452.27M | -420.60M | -780.44M | -388.79M |
Balance Sheet | ||||||
| Total Assets | 2.03B | 1.75B | 1.54B | 1.90B | 1.97B | 2.92B |
| Cash, Cash Equivalents and Short-Term Investments | 777.92M | 863.51M | 766.13M | 847.35M | 783.87M | 1.52B |
| Total Debt | 0 | 0 | 0 | 0 | 116.67M | 171.67M |
| Total Liabilities | 719.45M | 733.51M | 763.77M | 943.53M | 1.04B | 1.22B |
| Stockholders Equity | 1.31B | 1.01B | 774.32M | 950.46M | 928.01M | 1.69B |
Cash Flow | ||||||
| Free Cash Flow | -575.35M | -575.35M | -411.23M | -456.15M | -731.36M | -64.09M |
| Operating Cash Flow | -573.01M | -573.01M | -410.77M | -452.04M | -710.62M | -63.84M |
| Investing Cash Flow | 19.09M | 19.09M | 62.97M | 309.42M | 94.24M | -317.40M |
| Financing Cash Flow | 651.30M | 651.30M | 266.58M | 326.38M | -54.00M | 126.67M |
AltPlus Inc. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3672, the sentiment is Negative. The current price of 19.00 is below the 20-day moving average (MA) of 24.75, below the 50-day MA of 27.24, and below the 200-day MA of 34.66, indicating a bearish trend. The MACD of -2.18 indicates Positive momentum. The RSI at 25.43 is Positive, neither overbought nor oversold. The STOCH value of 13.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3672.
AltPlus Inc. Peers Comparison
Overall Rating
JP:391170Outperform
JP:379366Neutral
JP:392850Neutral
JP:365645Neutral
JP:390342Neutral- JP:367240Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:3911 | 70Outperform | JPY 10.09B | 8.43 | ― | ― | -20.04% | -54.97% |
| JP:3793 | 66Neutral | JPY 13.16B | 4.24 | ― | ― | 4.52% | ― |
| Sector * | 60Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
| JP:3928 | 50Neutral | JPY 2.15B | -20.48 | ― | ― | -6.91% | -173.90% |
| JP:3656 | 45Neutral | JPY 12.64B | 15.26 | ― | ― | 10.54% | ― |
| JP:3903 | 42Neutral | JPY 9.59B | -5.66 | ― | ― | 26.98% | -143.29% |
| JP:3672 | 40Underperform | JPY 1.72B | -2.02 | ― | ― | -7.14% | 47.41% |
* Communication Services Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:3672 | AltPlus Inc. | 19.00 | -48.00 | -71.64% | |
| JP:3656 | KLab Inc. | 152.00 | -57.00 | -27.27% | |
| JP:3793 | Drecom Co., Ltd. | 453.00 | -5.00 | -1.09% | |
| JP:3903 | gumi, Inc. | 178.00 | -261.00 | -59.45% | |
| JP:3911 | Aiming, Inc. | 216.00 | -3.00 | -1.37% | |
| JP:3928 | Mynet, Inc. | 228.00 | 3.00 | 1.33% |
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.
Date of analysis: Oct 24, 2026