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eBASE Co., Ltd. (3835) AI Stock Analysis

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JP:3835

eBASE Co., Ltd.

(TSE/TYO:3835)

Select Model
Rating:66.5Neutral
Price Target:JPY 351.00â–²(0.86% Upside)
Action:downgraded
Date:11/03/26

The company's strong financial foundation, characterized by a debt-free balance sheet and robust cash flows, is the primary support for the score. However, this is significantly offset by extremely weak technical momentum, with the stock in a clear downtrend and deeply oversold. The reasonable valuation and attractive dividend yield provide a moderate buffer, resulting in an overall neutral-to-slightly-positive score.

Positive Factors
Debt-Free Balance SheetA debt-free balance sheet gives eBASE substantial financial flexibility and low solvency risk. Rising equity and solid returns on equity indicate that the company is using its capital efficiently, while avoiding interest burdens and refinancing pressure over the next several quarters.
Negative Factors
Revenue ContractionThe shift from revenue expansion to a 4.0% FY2026 decline raises concern about near-term demand and the company’s ability to sustain growth. If weaker top-line performance persists, it could limit operating leverage and make future profit growth more dependent on cost control.

eBASE Co., Ltd. (3835) vs. iShares MSCI Japan ETF (EWJ)

-30%-20%-10%0%10%20%30%JP:3835-17.95%EWJ+15.69%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 15.16B
Dividend Yield
4.29%
Average Volume (3M)
120.48K
Price to Earnings (P/E)
15.6
Beta (1Y)
0.96
Revenue Growth
1.86%
EPS Growth
-12.57%
Country
Japan
Employees
480
Sector
General
Sector Strength
55
Industry
Software - Application

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 necessities,...

eBASE Co., Ltd. Financial Statement Overview

Summary

Overall financial health is strong, driven by a pristine debt-free balance sheet (Score 88) and robust cash flow generation (Score 84). Profitability remains solid with high margins, though recent revenue decline and slight margin compression (Income Statement Score 72) temper the score.

Income Statement

72Positive

Balance Sheet

88Very Positive

Cash Flow

84Very Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue5.48B5.26B5.47B5.19B4.71B4.35B
Gross Profit2.78B2.71B2.91B2.76B2.47B2.20B
EBITDA1.45B1.50B1.84B1.70B1.40B1.11B
Net Income986.02M1.03B1.25B1.14B890.80M744.05M
Balance Sheet
Total Assets7.81B8.10B8.18B7.84B7.03B6.33B
Cash, Cash Equivalents and Short-Term Investments4.51B5.08B5.42B5.01B4.54B4.16B
Total Debt000000
Total Liabilities783.84M730.39M824.80M897.20M734.99M479.88M
Stockholders Equity7.03B7.37B7.36B6.94B6.30B5.85B
Cash Flow
Free Cash Flow01.08B1.20B1.24B928.87M679.75M
Operating Cash Flow01.08B1.17B1.33B1.03B763.08M
Investing Cash Flow0-528.18M87.08M-306.27M-134.80M-53.50M
Financing Cash Flow0-1.05B-837.87M-565.36M-415.97M-259.98M

eBASE Co., Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price348.00

Price Trends

50DMA419.38Negative
100DMA415.06Negative
200DMA407.91Negative

Market Momentum

MACD-25.98Positive
RSI29.99Positive
STOCH17.71Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3835, the sentiment is Negative. The current price of 348.00 is below the 20-day moving average (MA) of 406.50, below the 50-day MA of 419.38, and below the 200-day MA of 407.91, indicating a bearish trend. The MACD of -25.98 indicates Positive momentum. The RSI at 29.99 is Positive, neither overbought nor oversold. The STOCH value of 17.71 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3835.

eBASE Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:3835 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:3921JP:392189OutperformJPY 24.08B13.02―3.34%7.78%9.63%
JP:3853JP:385375OutperformJPY 14.52B6.22―1.06%7.11%146.94%
JP:3835JP:383567NeutralJPY 15.71B15.64―4.29%1.86%-12.57%
JP:4448JP:444863NeutralJPY 14.07B18.87――14.06%―
JP:5027JP:502759NeutralJPY 44.93B34.59―0.28%28.94%-29.21%
JP:9553JP:955358NeutralJPY 15.86B22.98――22.31%691.30%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

0%50%100%JP:3835JP:3853JP:3921JP:4448JP:5027JP:9553Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:3835 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:3835eBASE Co., Ltd.348.00-79.92-18.68%
JP:3853Asteria Corporation847.00-332.21-28.17%
JP:3921NEOJAPAN Inc.1735.0046.552.76%
JP:4448Chatwork Co.Ltd.323.00-31.00-8.76%
JP:5027AnyMind Group Inc.724.0053.137.92%
JP:9553MicroAd, Inc.577.001.000.17%

eBASE Co., Ltd. Corporate Events

eBASE Announces First Interim Dividend Since Listing

Nov 9, 2026

eBASE Co., Ltd. announced an interim dividend of 7.60 yen per share for shareholders of record on September 30, 2026, representing a total payout of 333 million yen from retained earnings, with payments scheduled to begin December 4. The distribution...

eBASE Charts Earnings Recovery and Growth in New Medium-Term Plan

Oct 30, 2026

eBASE Co., Ltd. has outlined a medium-term management plan for the fiscal years ending March 2028 to March 2030 that targets a gradual recovery in earnings and sustainable growth, driven by its main software platforms eBASE and eBASE-PLUS. The plan f...

eBASE outlines FY2027 interim results and multi-stage growth strategy

Oct 30, 2026

eBASE Co., Ltd. has released its interim financial results and business report for the first half of FY2027, covering the six months ended September 30, 2026. The disclosure includes detailed second-quarter performance, a full-year outlook and capita...

EBASE Lifts Sales Outlook but Lowers Profit Forecast After Subsidiary Integration

Oct 30, 2026

EBASE Co., Ltd. reported interim results for the six months to September 30, 2026 that exceeded its earlier forecasts, driven mainly by the consolidation of newly acquired wholly owned subsidiary KSP-SP Co., Ltd. While net sales and profits rose mode...

eBASE Posts Higher Sales but Profit Decline, Keeps Dividend Forecast Intact

Oct 30, 2026

eBASE Co., Ltd. reported consolidated net sales of ¥2,655 million for the six months ended September 30, 2026, an 8.9% year-on-year increase, while operating profit fell 8.2% to ¥505 million and profit attributable to owners of parent declined 10.5%...

eBASE Introduces Interim Dividends and Confirms 25th Anniversary Payout Plan

Aug 31, 2026

eBASE Co., Ltd. announced a revision of its dividend policy to introduce interim dividends for the first time since listing, shifting from a single year-end payout to twice-yearly distributions. The change is driven by the seasonal concentration of e...

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 03, 2026