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eBASE Co., Ltd.
(3835)
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Rating:80Outperform
Price Target:
¥495.00
▲(13.79% Upside)
Action:Reiterated
Date:08/21/26
The score is driven primarily by strong financial quality (high margins, strong cash generation, and a debt-free balance sheet). Technicals add support with price trading above key moving averages and positive MACD. Valuation is balanced by a reasonable P/E and an attractive dividend yield, though the recent revenue decline and some margin compression temper the overall rating.
Positive Factors
Debt-Free Balance Sheet
A debt-free balance sheet limits solvency risk and preserves financial flexibility. Rising equity and solid returns on equity indicate that eBASE is generating attractive returns without relying on leverage.
Negative Factors
Revenue Contraction
The recent revenue decline indicates weaker business momentum after growth through FY2025. If the contraction persists, it could constrain customer expansion, reduce operating leverage, and make earnings growth harder to sustain.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-Free Balance Sheet
A debt-free balance sheet limits solvency risk and preserves financial flexibility. Rising equity and solid returns on equity indicate that eBASE is generating attractive returns without relying on leverage.
Read all positive factors
eBASE Co., Ltd. (3835) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥19.90B
Dividend Yield3.49%
Average Volume (3M)138.24K
Price to Earnings (P/E)19.4
Beta (1Y)0.73
Revenue Growth-2.50%
EPS Growth-17.10%
CountryJP
Employees480
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)22.48
Shares Outstanding47,164,800
10 Day Avg. Volume137,920
30 Day Avg. Volume138,240
Financial Highlights & Ratios
PEG Ratio-1.05
Price to Book (P/B)2.47
Price to Sales (P/S)3.47
P/FCF Ratio16.89
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
eBASE Co., Ltd. Business Overview & Revenue Model
Company Description
eBase Co.,Ltd. engages in the planning, development, sale, and maintenance of content management software in Japan. The company offers Middleware eBASE, a comprehensive data management software; industry specific software for food, daily necessiti...
How the Company Makes Money
null...
eBASE Co., Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
92
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.34B | 5.26B | 5.47B | 5.19B | 4.71B | 4.35B |
| Gross Profit | 2.75B | 2.71B | 2.91B | 2.76B | 2.47B | 2.20B |
| EBITDA | 1.51B | 1.50B | 1.84B | 1.70B | 1.40B | 1.11B |
| Net Income | 1.00B | 1.03B | 1.25B | 1.14B | 890.80M | 744.05M |
Balance Sheet | ||||||
| Total Assets | 7.63B | 8.10B | 8.18B | 7.84B | 7.03B | 6.33B |
| Cash, Cash Equivalents and Short-Term Investments | 4.37B | 5.08B | 5.42B | 5.01B | 4.54B | 4.16B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 841.78M | 730.39M | 824.80M | 897.20M | 734.99M | 479.88M |
| Stockholders Equity | 6.79B | 7.37B | 7.36B | 6.94B | 6.30B | 5.85B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.08B | 1.20B | 1.24B | 928.87M | 679.75M |
| Operating Cash Flow | 0.00 | 1.08B | 1.17B | 1.33B | 1.03B | 763.08M |
| Investing Cash Flow | 0.00 | -528.18M | 87.08M | -306.27M | -134.80M | -53.50M |
| Financing Cash Flow | 0.00 | -1.05B | -837.87M | -565.36M | -415.97M | -259.98M |
eBASE Co., Ltd. Technical Analysis
Positive
435.00
Price Trends
418.04
Positive
411.07
Positive
416.07
Positive
Market Momentum
3.30
Negative
63.69
Neutral
84.85
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3835, the sentiment is Positive. The current price of 435 is above the 20-day moving average (MA) of 426.70, above the 50-day MA of 418.04, and above the 200-day MA of 416.07, indicating a bullish trend. The MACD of 3.30 indicates Negative momentum. The RSI at 63.69 is Neutral, neither overbought nor oversold. The STOCH value of 84.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3835.
eBASE Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥19.90B | 19.35 | ― | 3.14% | -2.50% | -17.10% | |
79 Outperform | ¥22.97B | 12.50 | ― | 2.53% | 9.76% | 19.47% | |
63 Neutral | ¥16.34B | 23.74 | ― | ― | 22.31% | 691.30% | |
63 Neutral | ¥15.10B | 20.50 | ― | ― | 14.06% | ― | |
60 Neutral | ¥20.29B | 8.98 | ― | 0.82% | 7.11% | 146.94% | |
59 Neutral | ¥47.71B | 39.61 | ― | ― | 28.94% | -29.21% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:3835
eBASE Co., Ltd.
435.00
-41.96
-8.80%
JP:3853
Asteria Corporation
1,223.00
-827.19
-40.35%
JP:3921
NEOJAPAN Inc.
1,649.00
-258.97
-13.57%
JP:4448
Chatwork Co.Ltd.
351.00
-98.00
-21.83%
JP:5027
AnyMind Group Inc.
829.00
59.45
7.73%
JP:9553
MicroAd, Inc.
590.00
0.00
0.00%
eBASE Co., Ltd. Corporate Events
eBASE Releases Q1 FY2027 Results and eBASE-PLUS Business Update
Jul 31, 2026
eBASE Co., Ltd. has released its Q1 financial results and business report for the fiscal year ending March 2027, covering net sales, ordinary income, and operational performance. The disclosure also highlights developments in its eBASE-PLUS busine...
eBASE Posts Lower Quarterly Profit but Confirms Full-Year Growth and Dividend Outlook
Jul 31, 2026
eBASE reported consolidated net sales of ¥1,158 million for the three months ended June 30, 2026, up 7.9% year on year, but operating profit fell 12.2% to ¥129 million and profit attributable to owners of parent dropped 24.2% to ¥76...
eBASE Makes KSP-SP a Wholly Owned Subsidiary to Build Data-Driven Marketing Platform
Jun 30, 2026
eBASE Co., Ltd. has completed the acquisition of 100% of the shares of KSP-SP Co., Ltd., making the Tokyo-based retail analytics specialist a wholly owned subsidiary. KSP-SP has established itself since 2003 as a provider of in-store activation kn...
eBASE enters TSE improvement period after missing Prime Market capitalization threshold
Jun 19, 2026
eBASE Co., Ltd. has disclosed that as of March 31, 2026, it no longer meets the Tokyo Stock Exchange Prime Market requirement for market capitalization of tradable shares, despite satisfying all other listing maintenance criteria. The company has ...
eBASE Raises Year-End Dividend and Announces 25th Anniversary Payout
May 25, 2026
eBASE Co., Ltd. has approved a year-end dividend from surplus of 15.20 yen per share for the fiscal year ended March 31, 2026, matching its latest forecast and up from 13.90 yen a year earlier. The total payout will be 667 million yen, funded from...
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.