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Fixstars (3687) AI Stock Analysis

4 Followers
JP:3687

Fixstars

(TSE/TYO:3687)

Select Model
Rating:71Outperform
Price Target:JPY 1,879.00â–²(14.99% Upside)
Action:reiterated
Date:11/12/26

The overall score is driven primarily by Fixstars' pristine financial fundamentals, notably its exceptional revenue growth, high profitability, and negligible debt. However, significant bearish technical momentum drags down the final rating, while its growth-adjusted valuation acts as a neutral secondary factor.

Positive Factors
Strong revenue and profitabilityFixstars has combined strong revenue expansion with consistently high software profitability. Gross margins near 48–52%, high-20% EBIT margins, and healthy net margins indicate an established ability to convert growing demand into earnings and fund continued investment.
Negative Factors
Unproven sustainability of 2026 growthThe exceptional 2026 revenue increase is encouraging but its durability remains uncertain because the available figures do not show corresponding margin detail. If the growth mix or delivery economics differ from prior periods, future profitability and earnings quality could be less predictable.

Fixstars (3687) vs. iShares MSCI Japan ETF (EWJ)

-50%-25%0%25%50%75%100%125%JP:3687+1.74%EWJ+15.69%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 455.48M
Dividend Yield
1.16%
Average Volume (3M)
540.70K
Price to Earnings (P/E)
27.0
Beta (1Y)
1.40
Revenue Growth
10.74%
EPS Growth
0.36%
Country
Japan
Employees
334
Sector
Technology
Sector Strength
61
Industry
Software - Application

Fixstars Business Overview & Revenue Model

Company Description

Fixstars Corporation is a global software enterprise conducting business both within Japan and across international markets. Its comprehensive service offerings encompass M3 technical assistance, processor evaluation, bespoke software development and...

Fixstars Financial Statement Overview

Summary

Exceptional financial health highlighted by consistent revenue growth, expanding profit margins, a nearly debt-free balance sheet, and strong free cash flow conversion.

Income Statement

90Very Positive

Balance Sheet

95Very Positive

Cash Flow

92Very Positive
Financial statement breakdown
BreakdownTTMSep 2026Sep 2025Sep 2024Sep 2023Sep 2022
Income Statement
Total Revenue10.46B10.65B9.62B8.00B7.04B6.31B
Gross Profit5.55B5.85B5.01B4.18B3.57B3.03B
EBITDA2.88B3.08B2.74B2.45B2.22B1.77B
Net Income1.63B1.96B1.95B1.49B1.45B1.08B
Balance Sheet
Total Assets10.88B12.15B9.89B8.75B8.21B8.16B
Cash, Cash Equivalents and Short-Term Investments6.56B6.71B5.23B5.14B4.63B5.06B
Total Debt30.07M93.87M47.18M547.15M1.30B2.10B
Total Liabilities1.55B2.02B1.37B1.80B2.38B3.58B
Stockholders Equity9.10B9.88B8.25B6.73B5.64B4.41B
Cash Flow
Free Cash Flow1.08B2.01B1.87B1.77B681.90M1.45B
Operating Cash Flow1.13B2.21B1.98B1.94B719.45M1.49B
Investing Cash Flow-485.47M-126.84M-541.47M-167.22M-17.99M43.80M
Financing Cash Flow-84.94M-583.53M-1.13B-1.24B-1.13B-1.29B

Fixstars Technical Analysis

Technical Analysis SentimentNegative
Last Price1634.00

Price Trends

50DMA2044.90Negative
100DMA2154.89Negative
200DMA1873.85Negative

Market Momentum

MACD-124.02Positive
RSI33.33Neutral
STOCH51.61Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3687, the sentiment is Negative. The current price of 1634.00 is below the 20-day moving average (MA) of 1815.75, below the 50-day MA of 2044.90, and below the 200-day MA of 1873.85, indicating a bearish trend. The MACD of -124.02 indicates Positive momentum. The RSI at 33.33 is Neutral, neither overbought nor oversold. The STOCH value of 51.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3687.

Fixstars Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:3687 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:5572JP:557281OutperformJPY 15.03B34.53――15.44%163.64%
JP:3687JP:368771OutperformJPY 55.27B26.9821.81%1.16%10.74%0.36%
JP:5586JP:558667NeutralJPY 11.34B44.29――36.53%93.50%
JP:4259JP:425965NeutralJPY 68.89B32.97――34.10%―
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%
JP:3905JP:390560NeutralJPY 52.94B5.47――1178.31%―
JP:4425JP:442532UnderperformJPY 12.94B-425.29――75.12%97.01%

* Technology Sector Average

Performance Comparison

0%50%100%150%JP:3687JP:3905JP:4259JP:4425JP:5572JP:5586Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:3687 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:3687Fixstars Corp1634.00-32.55-1.95%
JP:3905Datasection, Inc.1336.00-1004.00-42.91%
JP:4259ExaWizards Inc.601.00-117.00-16.30%
JP:4425Kudan, Inc.1110.00-31.00-2.72%
JP:5572Ridge-i Inc.3290.00933.0039.58%
JP:5586Laboro.AI, Inc.702.00-247.00-26.03%

Fixstars Corporate Events

Fixstars Proposes Board Continuity With Two New Outside Directors

Nov 6, 2026

Fixstars Corporation announced a provisional slate of nine director candidates ahead of its annual shareholders meeting. Seven directors, including CEO and founder Satoshi Miki and the presidents of its Solution and SaaS companies, are nominated for...

Fixstars Reports Higher Fiscal 2026 Revenue and Profit

Nov 6, 2026

Fixstars Corporation reported fiscal 2026 net sales of ¥10.65 billion, up 10.7% year on year, while operating profit rose 12.5% to ¥2.90 billion and ordinary profit increased 12.3% to ¥2.90 billion. Profit attributable to owners of the parent edged u...

Fixstars Reports Revenue Growth, Cites Revenue-Structure Challenge

Nov 6, 2026

Fixstars operates in the AI services industry, focusing on AI-agent technologies and automated optimization AI.The company reported that revenue increased from ¥7.0 billion to ¥10.6 billion over the past three years, establishing a foundation for sus...

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.

Date of analysis: Nov 12, 2026