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RAKUS Co., Ltd.
(3923)
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Rating:72Outperform
Price Target:
¥1,127.00
▲(25.89% Upside)
Action:Reiterated
Date:05/15/26
The score is primarily driven by strong financial performance—rapid revenue growth, improved profitability, strong recent cash generation, and an essentially debt-free balance sheet. Offsetting this, technicals are mixed with the stock still below key longer-term averages, and valuation appears relatively high with a modest dividend yield.
Positive Factors
Revenue Growth
Multi-year revenue compounding from 15.4B to 60.3B demonstrates durable demand for RAKUS’s SaaS products and effective commercial execution. Sustained top-line growth supports scale economies, continued product investment, and long-term margin expansion if churn remains controlled.
Negative Factors
Profitability Volatility
Significant swings in net margins during 2022–2023 show profitability is sensitive to investment pacing or cost structure shifts. That pattern raises execution risk: if future product or sales investments accelerate, margins and earnings may compress unpredictably over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Multi-year revenue compounding from 15.4B to 60.3B demonstrates durable demand for RAKUS’s SaaS products and effective commercial execution. Sustained top-line growth supports scale economies, continued product investment, and long-term margin expansion if churn remains controlled.
Read all positive factors
RAKUS Co., Ltd. (3923) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥359.88B
Dividend Yield0.69%
Average Volume (3M)1.27M
Price to Earnings (P/E)27.8
Beta (1Y)1.11
Revenue Growth23.27%
EPS Growth67.12%
CountryJP
Employees3,569
SectorTechnology
Sector Strength88
IndustryInformation Technology Services
Share Statistics
EPS (TTM)36.91
Shares Outstanding354,391,000
10 Day Avg. Volume1,109,750
30 Day Avg. Volume1,271,623
Financial Highlights & Ratios
PEG Ratio0.30
Price to Book (P/B)10.28
Price to Sales (P/S)4.44
P/FCF Ratio21.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥900.00Price Target Upside0.54% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)70.07
Revenue Forecast (FY)¥62.11B
RAKUS Co., Ltd. Business Overview & Revenue Model
Company Description
Established in 2000 and based in Tokyo, Japan, Rakus Co., Ltd. specializes in delivering cloud-based solutions and IT outsourcing. Their extensive portfolio includes a range of cloud products like Raku Raku Seisan, Raku Raku Meisai, Mail Dealer, R...
How the Company Makes Money
RAKUS primarily makes money by selling subscriptions to its cloud (SaaS) products. Revenue is generated on a recurring basis (e.g., monthly or annual fees) tied to customers’ ongoing use of its applications, often priced by factors such as number ...
RAKUS Co., Ltd. Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
91
Very Positive
Cash Flow
84
Very Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 60.29B | 48.90B | 38.41B | 27.40B | 20.63B |
| Gross Profit | 45.42B | 36.31B | 27.62B | 18.78B | 14.03B |
| EBITDA | 20.20B | 11.35B | 6.48B | 2.42B | 2.10B |
| Net Income | 13.29B | 8.00B | 4.18B | 1.27B | 1.08B |
Balance Sheet | |||||
| Total Assets | 36.58B | 31.65B | 21.23B | 14.07B | 11.70B |
| Cash, Cash Equivalents and Short-Term Investments | 13.89B | 11.37B | 7.01B | 5.99B | 4.86B |
| Total Debt | 0.00 | 216.00M | 970.00M | 36.00M | 40.00M |
| Total Liabilities | 10.55B | 9.68B | 7.88B | 4.52B | 3.08B |
| Stockholders Equity | 26.03B | 21.98B | 13.35B | 9.55B | 8.62B |
Cash Flow | |||||
| Free Cash Flow | 12.35B | 7.74B | 4.47B | 1.54B | -424.00M |
| Operating Cash Flow | 13.39B | 9.01B | 5.29B | 2.17B | -11.00M |
| Investing Cash Flow | -2.83B | -3.46B | -4.86B | -699.00M | -877.00M |
| Financing Cash Flow | -8.05B | -1.18B | 579.00M | -348.00M | -295.00M |
RAKUS Co., Ltd. Technical Analysis
Positive
895.20
Price Trends
951.21
Positive
878.35
Positive
989.70
Positive
Market Momentum
25.54
Negative
57.00
Neutral
43.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3923, the sentiment is Positive. The current price of 895.2 is below the 20-day moving average (MA) of 980.01, below the 50-day MA of 951.21, and below the 200-day MA of 989.70, indicating a bullish trend. The MACD of 25.54 indicates Negative momentum. The RSI at 57.00 is Neutral, neither overbought nor oversold. The STOCH value of 43.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3923.
RAKUS Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥30.38B | 12.40 | ― | 4.36% | 7.11% | 20.05% | |
74 Outperform | ¥99.24B | 16.75 | ― | 2.32% | 8.80% | 16.40% | |
73 Outperform | ¥180.40B | 13.71 | ― | 2.55% | 17.67% | 24.39% | |
72 Outperform | ¥359.88B | 27.76 | ― | 0.22% | 23.27% | 67.12% | |
68 Neutral | ¥171.35B | 14.92 | 18.89% | 2.78% | 7.39% | 14.96% | |
65 Neutral | ¥30.76B | 8.75 | 10.34% | 4.82% | -2.76% | 36.33% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:3923
RAKUS Co., Ltd.
1,015.50
-115.63
-10.22%
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RAKUS Co., Ltd. Corporate Events
RAKUS Posts Steady June Cloud Revenue as It Exits IT Outsourcing Business
Jul 14, 2026
RAKUS reported consolidated monthly sales of ¥4,773 million for June 2026, essentially flat year on year, with cloud business sales rising to ¥4,773 million and cloud monthly recurring revenue reaching ¥4,464 million, both maintaini...
RAKUS to Make Plus Alpha Consulting an Equity-Method Affiliate and Deepen SaaS Alliance
Jul 14, 2026
RAKUS Co., Ltd. will acquire 6,906,100 additional shares of Plus Alpha Consulting (PAC) from Oasis-managed funds, raising its stake to 22.21% and making PAC an equity-method affiliate, pending regulatory approvals. The move strengthens RAKUS’...
RAKUS to Grant Restricted Treasury Shares to Senior Executives Under Incentive Plan
Jun 26, 2026
RAKUS Co., Ltd. has approved the disposal of 8,253 shares of its treasury stock as restricted stock, valued at approximately 7.35 million yen, to one Senior Executive Officer and one Executive Officer. The shares will be issued at 890.5 yen per sh...
RAKUS Boosts Cloud Sales as IT Outsourcing Unit Exits Consolidation
Jun 12, 2026
RAKUS Co., Ltd. reported consolidated monthly sales of ¥4,729 million for May 2026, a 2.1% increase year on year, driven by steady growth in its cloud business. Cloud-related sales rose to ¥4,729 million with recurring revenue up 18.0% y...
RAKUS Posts April Sales Growth and Exits IT Outsourcing to Sharpen Cloud Focus
May 14, 2026
RAKUS Co., Ltd. reported consolidated monthly sales of 4,707 million yen for April 2026, representing a modest 0.8% year-on-year increase as overall growth slowed. Cloud business sales rose to 4,707 million yen, up 17.8% year on year, with monthly...
RAKUS Releases FY2026 Earnings and New Mid-Term Management Plan
May 14, 2026
RAKUS Co., Ltd. announced its earnings results for the fiscal year ended March 2026, outlining consolidated financial performance and segment results for its cloud and IT outsourcing businesses. The company also presented key business topics, a ne...
RAKUS Delivers Strong Profit Growth and Hikes Dividend as Cloud Business Takes Lead
May 14, 2026
RAKUS Co., Ltd. reported strong results for the fiscal year ended March 31, 2026, with net sales climbing 23.3% year on year to ¥60.3 billion and operating profit surging 70.2% to ¥17.3 billion. Profit attributable to owners of parent ju...
RAKUS Raises FY2026 Earnings and Dividend Guidance on Strong Cloud and IT Demand
Apr 27, 2026
RAKUS Co., Ltd. revised its full-year FY2026.3 guidance upward, now projecting sales of ¥60.29 billion and operating profit of ¥17.35 billion, with profit attributable to owners of parent rising to ¥13.29 billion and earnings per sh...
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.