Aplix Corp (3727) AI Stock Analysis

Aplix Corp

(TSE/TYO:3727)

Select Model

Rating:49Neutral

Price Target:JPY 168.00▲(18.31% Upside)

Action:reiterated

Date:08/17/26

The score is held back primarily by weak financial performance—loss-making results and negative operating/free cash flow outweigh strong TTM revenue growth, with rising leverage vs prior years adding risk. Technicals provide moderate support via near-term strength above the 20/50-day averages and positive MACD, but the stock remains below longer-term averages. Valuation is mixed, with a moderate dividend yield but a negative P/E due to losses.

Positive Factors

Strong Revenue ReboundTTM revenue growth of 65.4% shows a substantial rebound in demand and provides a larger base from which the software business can scale. If sustained, this expansion can improve operating leverage and support reinvestment, although current losses mean the benefit has not yet reached earnings.

Negative Factors

Current Loss-Making PerformanceThe shift from solid operating and net profits in 2023–2024 to losses in 2025 and deeper TTM losses weakens the durability of earnings. Negative profitability limits internal funding, reduces financial resilience, and makes revenue growth less valuable until costs are brought back under control.

Aplix Corp (3727) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 3.14B
Dividend Yield: 2.43%
Average Volume (3M): 65.41K
Price to Earnings (P/E): -12.1
Beta (1Y): 0.62
Revenue Growth: 34.54%
EPS Growth: -274.64%
Country: Japan
Employees: 228
Sector: Technology
Sector Strength: 61
Industry: Software - Application

Aplix Corp Business Overview & Revenue Model

Company Description

Aplix Corporation, a technology company headquartered in Tokyo, Japan, conducts its operations alongside its subsidiaries primarily within the Japanese market. The firm diversifies its business across three key segments: the Aplix IoT Platform Busine...

How the Company Makes Money

Aplix primarily makes money through software-related monetization, centered on (1) licensing its software technologies (e.g., embedded/mobile software platforms and middleware) to customers such as device manufacturers and other enterprises, and (2)...

Aplix Corp Financial Statement Overview

Summary

Revenue rebounded strongly in TTM (+65.4%), but profitability and cash generation are weak: operating profit is slightly negative, net margin is about -6.3%, and both operating cash flow and free cash flow are negative. Balance sheet leverage is moderate (~0.40x debt/equity) with positive equity, but rising leverage versus prior years and negative ROE increase risk if losses persist.

Income Statement

44Neutral

Balance Sheet

52Neutral

Cash Flow

33Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.46B	2.87B	3.71B	3.76B	3.50B	3.50B
Gross Profit	1.42B	964.51M	1.06B	858.00M	742.74M	711.82M
EBITDA	127.54M	241.62M	346.43M	376.97M	159.05M	8.55M
Net Income	-280.61M	-137.41M	157.08M	336.04M	185.66M	-106.74M
Balance Sheet
Total Assets	10.94B	3.52B	3.89B	3.27B	2.96B	2.80B
Cash, Cash Equivalents and Short-Term Investments	1.69B	1.33B	1.32B	1.81B	1.47B	1.34B
Total Debt	2.68B	435.46M	550.65M	131.88M	149.51M	200.00M
Total Liabilities	4.31B	1.17B	1.29B	718.76M	750.60M	744.25M
Stockholders Equity	6.64B	2.35B	2.59B	2.55B	2.20B	2.05B
Cash Flow
Free Cash Flow	-206.82M	283.36M	176.07M	431.93M	431.93M	43.01M
Operating Cash Flow	-101.34M	283.36M	316.59M	435.03M	435.03M	59.86M
Investing Cash Flow	-176.54M	-87.40M	-1.06B	-82.69M	-82.69M	-34.75M
Financing Cash Flow	242.16M	-186.06M	258.59M	-17.84M	-17.84M	3.06M

Aplix Corp Technical Analysis

Technical Analysis SentimentNegative

Last Price142.00

Price Trends

50DMA158.40Negative

100DMA147.96Negative

200DMA164.30Negative

Market Momentum

MACD-4.26Positive

RSI33.41Neutral

STOCH28.94Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3727, the sentiment is Negative. The current price of 142.00 is below the 20-day moving average (MA) of 152.55, below the 50-day MA of 158.40, and below the 200-day MA of 164.30, indicating a bearish trend. The MACD of -4.26 indicates Positive momentum. The RSI at 33.41 is Neutral, neither overbought nor oversold. The STOCH value of 28.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3727.

Aplix Corp Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

JP:3727 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:3826	82Outperform	JPY 5.26B	11.55	―	2.73%	13.99%	-36.97%
JP:3917	71Outperform	JPY 3.77B	6.22	―	―	2.75%	―
JP:5256	67Neutral	JPY 3.89B	71.48	―	―	23.30%	-70.98%
JP:5033	66Neutral	JPY 7.96B	47.99	―	―	7.04%	-67.36%
JP:3653	63Neutral	JPY 4.66B	-5.89	―	―	-9.91%	-1050.91%
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
JP:3727	49Neutral	JPY 6.30B	-12.10	―	2.43%	34.54%	-274.64%

* Technology Sector Average

Performance Comparison

JP:3727 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:3727	Aplix Corp	144.00	-31.18	-17.80%
JP:3653	Morpho, Inc.	871.00	-37.00	-4.07%
JP:3826	System Integrator Corp.	477.00	0.38	0.08%
JP:3917	iRidge, Inc.	479.00	-6.00	-1.24%
JP:5033	Nulab Inc.	1228.00	465.00	60.94%
JP:5256	Fusic Co.,Ltd.	3015.00	442.00	17.18%

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: Aug 17, 2026

Aplix Corp AI Stock Analysis