Showcase, Inc. (Japan) (JP:3909)
:3909
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Showcase, Inc. (Japan)
(3909)
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Rating:44Neutral
Price Target:
¥186.00
▼(-40.19% Downside)
Action:Reiterated
Date:05/20/26
The score is held back primarily by persistent negative operating/free cash flow and a sharp revenue decline despite a 2025 profit rebound, plus a very high P/E valuation. Technical signals are also weak (price below key moving averages with negative MACD), offering limited support.
Positive Factors
Improved leverage
A materially lower debt-to-equity (~0.36x in 2025) meaningfully reduces financial leverage risk and increases balance-sheet flexibility. Over 2–6 months this supports the company's ability to fund operations, absorb shocks, and invest in product or sales initiatives without immediate refinancing pressure.
Negative Factors
Sharp revenue decline
A ~44% year-over-year revenue drop materially weakens unit economics and scale. Persistent top-line shrinkage undermines fixed-cost absorption, reduces pricing power, and makes margins dependent on cost cuts or one-off items rather than sustainable growth, increasing execution risk over months ahead.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage
A materially lower debt-to-equity (~0.36x in 2025) meaningfully reduces financial leverage risk and increases balance-sheet flexibility. Over 2–6 months this supports the company's ability to fund operations, absorb shocks, and invest in product or sales initiatives without immediate refinancing pressure.
Read all positive factors
Showcase, Inc. (Japan) (3909) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.97B
Dividend YieldN/A
Average Volume (3M)11.16K
Price to Earnings (P/E)3.7
Beta (1Y)0.47
Revenue Growth-58.00%
EPS GrowthN/A
CountryJP
Employees120
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)29.58
Shares Outstanding10,185,600
10 Day Avg. Volume12,670
30 Day Avg. Volume11,160
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)1.40
Price to Sales (P/S)0.82
P/FCF Ratio-18.96
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
Showcase, Inc. (Japan) Business Overview & Revenue Model
Company Description
Showcase Inc., headquartered in Tokyo, Japan, and established in 1996, offers a comprehensive range of website optimization and digital solutions. Key among its products are NaviCast Form Assist, an entry form optimization (EFO) tool designed to m...
How the Company Makes Money
Showcase, Inc. generates revenue primarily by providing software and related services to corporate customers for web marketing and website optimization. Key revenue streams typically include fees from the provision of its software solutions (e.g.,...
Showcase, Inc. (Japan) Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
63
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.17B | 2.90B | 6.21B | 5.68B | 4.63B | 1.59B |
| Gross Profit | 1.63B | 1.30B | 1.51B | 1.60B | 1.70B | 1.21B |
| EBITDA | 614.04M | 934.80M | -503.01M | 24.71M | -475.78M | 154.81M |
| Net Income | 388.31M | 810.38M | -742.76M | -117.98M | -526.33M | 59.76M |
Balance Sheet | ||||||
| Total Assets | 2.70B | 2.50B | 3.49B | 3.46B | 4.00B | 2.68B |
| Cash, Cash Equivalents and Short-Term Investments | 927.15M | 905.42M | 1.33B | 1.40B | 1.75B | 1.88B |
| Total Debt | 515.67M | 605.69M | 1.87B | 1.63B | 1.24B | 340.57M |
| Total Liabilities | 767.05M | 801.22M | 2.19B | 1.95B | 1.73B | 504.00M |
| Stockholders Equity | 1.94B | 1.70B | 795.89M | 881.41M | 1.60B | 2.18B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -125.24M | -693.45M | -190.88M | -823.67M | 110.31M |
| Operating Cash Flow | 0.00 | -41.89M | -683.80M | -184.26M | -804.41M | 121.55M |
| Investing Cash Flow | 0.00 | -56.98M | -292.69M | 51.63M | 233.88M | -94.09M |
| Financing Cash Flow | 0.00 | -430.60M | 910.54M | -215.93M | 311.97M | -349.25M |
Showcase, Inc. (Japan) Technical Analysis
Negative
311.00
Price Trends
218.28
Negative
236.99
Negative
272.69
Negative
Market Momentum
-7.92
Positive
30.92
Neutral
33.13
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3909, the sentiment is Negative. The current price of 311 is above the 20-day moving average (MA) of 202.30, above the 50-day MA of 218.28, and above the 200-day MA of 272.69, indicating a bearish trend. The MACD of -7.92 indicates Positive momentum. The RSI at 30.92 is Neutral, neither overbought nor oversold. The STOCH value of 33.13 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3909.
Showcase, Inc. (Japan) Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ¥7.93B | 115.95 | ― | ― | 4.31% | -77.64% | |
64 Neutral | ¥31.25B | 15.11 | ― | ― | 32.07% | 349.54% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | ¥4.35B | 46.22 | ― | ― | 18.48% | -48.49% | |
51 Neutral | ¥29.22B | 27.28 | ― | ― | 18.09% | -50.60% | |
44 Neutral | ¥1.97B | 3.75 | ― | ― | -58.00% | ― |
* Technology Sector Average
JP:3909
Showcase, Inc. (Japan)
193.00
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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.