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AltPlus Inc.
(3672)
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Rating:44Neutral
Price Target:
¥28.00
▼(-46.15% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by weak financial performance—multi-year revenue contraction, persistent losses, and ongoing negative operating/free cash flow. Technicals are only modestly supportive with neutral momentum and a still-weak longer-term trend. Valuation is difficult to justify on earnings due to a negative P/E and no dividend yield data to offset fundamentals.
Positive Factors
Debt-free balance sheet
The absence of debt removes refinancing and interest-rate obligations, giving AltPlus greater financial flexibility than a leveraged peer. This can help preserve operating capacity and allow management to address weak performance without immediate pressure from creditors or mandatory debt service.
Negative Factors
Multi-year revenue contraction
The sustained revenue decline shows a significant contraction in the company’s operating scale rather than a short-lived fluctuation. A smaller revenue base reduces the ability to absorb fixed costs, limits reinvestment capacity, and makes restoring sustainable profitability more difficult over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The absence of debt removes refinancing and interest-rate obligations, giving AltPlus greater financial flexibility than a leveraged peer. This can help preserve operating capacity and allow management to address weak performance without immediate pressure from creditors or mandatory debt service.
Read all positive factors
AltPlus Inc. (3672) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.63B
Dividend Yield2.78%
Average Volume (3M)335.77K
Price to Earnings (P/E)―
Beta (1Y)0.91
Revenue Growth-7.14%
EPS Growth47.41%
CountryJP
Employees199
SectorCommunication Services
Sector Strength97
IndustryElectronic Gaming & Multimedia
Share Statistics
EPS (TTM)-9.40
Shares Outstanding90,535,230
10 Day Avg. Volume278,100
30 Day Avg. Volume335,770
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)2.48
Price to Sales (P/S)0.87
P/FCF Ratio-4.36
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)N/A
Revenue Forecast (FY)N/A
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
Income Statement
18
Very Negative
Balance Sheet
58
Neutral
Cash Flow
14
Very 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 | 0.00 | 0.00 | 0.00 | 0.00 | 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
Negative
52.00
Price Trends
28.14
Negative
30.13
Negative
40.22
Negative
Market Momentum
0.26
Positive
46.96
Neutral
33.33
Neutral
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 52 is above the 20-day moving average (MA) of 28.55, above the 50-day MA of 28.14, and above the 200-day MA of 40.22, indicating a bearish trend. The MACD of 0.26 indicates Positive momentum. The RSI at 46.96 is Neutral, neither overbought nor oversold. The STOCH value of 33.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3672.
AltPlus Inc. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ¥14.41B | 6.13 | ― | 1.00% | 16.24% | ― | |
61 Neutral | ¥8.59B | 13.39 | ― | 0.51% | -23.76% | -54.87% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
59 Neutral | ¥2.21B | -21.11 | ― | 3.24% | -6.91% | -173.90% | |
54 Neutral | ¥15.15B | 9.88 | ― | 0.71% | 2.70% | -28.19% | |
44 Neutral | ¥2.63B | -3.09 | ― | 2.78% | -7.14% | 47.41% | |
42 Neutral | ¥15.80B | 19.08 | ― | 0.49% | 10.54% | ― |
* Communication Services Sector Average
JP:3672
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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.