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ECOMIC CO., LTD.
(3802)
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Rating:75Outperform
Price Target:
¥558.00
▲(14.34% Upside)
Action:Reiterated
Date:08/17/26
Overall score reflects strong financial performance (debt-free balance sheet and improved 2026 profitability with robust cash conversion) and constructive technical trends (price above key moving averages with positive momentum). This is partially offset by a higher P/E valuation and some historical volatility plus the recent equity decline.
Positive Factors
Revenue and profit recovery
The return to revenue growth alongside a sharp profitability rebound indicates renewed business momentum and improved operating execution. If sustained, this recovery can strengthen earnings capacity over the next several quarters after the prior period of weakness.
Negative Factors
Historical earnings volatility
The sharp variation in profitability across the historical period makes the recovery less predictable and raises execution risk. Continued volatility could complicate planning, reduce confidence in earnings durability and limit the consistency of future cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profit recovery
The return to revenue growth alongside a sharp profitability rebound indicates renewed business momentum and improved operating execution. If sustained, this recovery can strengthen earnings capacity over the next several quarters after the prior period of weakness.
Read all positive factors
ECOMIC CO., LTD. (3802) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.71B
Dividend Yield2.59%
Average Volume (3M)6.13K
Price to Earnings (P/E)32.7
Beta (1Y)0.29
Revenue Growth8.81%
EPS Growth68.23%
CountryJP
Employees152
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)15.33
Shares Outstanding4,693,200
10 Day Avg. Volume7,810
30 Day Avg. Volume6,133
Financial Highlights & Ratios
PEG Ratio0.12
Price to Book (P/B)1.53
Price to Sales (P/S)0.89
P/FCF Ratio5.94
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
ECOMIC CO., LTD. Business Overview & Revenue Model
Company Description
Ecomic Co., Ltd. primarily offers outsourced payroll solutions to clients across Japan. The company's operations are divided into two main areas: Business Process Outsourcing (BPO) and Software/Hardware Development. Beyond its core payroll functio...
How the Company Makes Money
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ECOMIC CO., LTD. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.34B | 2.35B | 2.12B | 2.16B | 2.22B | 1.76B |
| Gross Profit | 756.40M | 763.14M | 588.94M | 650.95M | 714.25M | 542.00M |
| EBITDA | 277.62M | 283.56M | 194.66M | 307.72M | 338.70M | 273.69M |
| Net Income | 92.82M | 109.25M | 43.22M | 127.39M | 170.29M | 113.28M |
Balance Sheet | ||||||
| Total Assets | 1.41B | 1.63B | 1.97B | 2.11B | 1.72B | 1.35B |
| Cash, Cash Equivalents and Short-Term Investments | 848.25M | 1.07B | 1.35B | 1.49B | 1.05B | 824.99M |
| Total Debt | 0.00 | 0.00 | 0.00 | 114.43M | 166.15M | 0.00 |
| Total Liabilities | 144.46M | 264.28M | 168.60M | 291.04M | 418.10M | 203.46M |
| Stockholders Equity | 1.26B | 1.36B | 1.80B | 1.82B | 1.30B | 1.14B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 350.86M | 102.47M | 140.34M | 179.71M | 123.95M |
| Operating Cash Flow | 0.00 | 374.33M | 149.60M | 205.76M | 264.79M | 277.67M |
| Investing Cash Flow | 0.00 | -67.94M | -116.71M | -75.90M | 28.73M | -143.80M |
| Financing Cash Flow | 0.00 | -634.44M | -170.66M | 299.69M | -72.60M | -21.33M |
ECOMIC CO., LTD. Technical Analysis
Positive
488.00
Price Trends
487.26
Positive
477.86
Positive
471.66
Positive
Market Momentum
3.47
Negative
65.94
Neutral
86.67
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3802, the sentiment is Positive. The current price of 488 is below the 20-day moving average (MA) of 494.85, above the 50-day MA of 487.26, and above the 200-day MA of 471.66, indicating a bullish trend. The MACD of 3.47 indicates Negative momentum. The RSI at 65.94 is Neutral, neither overbought nor oversold. The STOCH value of 86.67 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3802.
ECOMIC CO., LTD. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥1.71B | 32.68 | ― | 2.81% | 8.81% | 68.23% | |
73 Outperform | ¥45.02B | 11.17 | ― | 3.71% | -1.79% | 10.53% | |
66 Neutral | ¥3.70B | 9.22 | ― | 1.70% | 1.54% | 0.12% | |
65 Neutral | ¥3.88B | 7.96 | ― | 3.69% | -3.57% | -2.36% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | ¥5.88B | 32.42 | ― | 2.72% | -3.93% | 11.47% | |
53 Neutral | ¥3.18B | 15.72 | ― | 3.30% | -2.64% | -18.75% |
* Industrials Sector Average
JP:3802
ECOMIC CO., LTD.
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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.