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Hatena Co., Ltd.
(3930)
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Rating:44Neutral
Price Target:
¥775.00
▼(-20.76% Downside)
Action:Reiterated
Date:09/12/26
The score is primarily held down by weakened financial performance—specifically the large recent net loss and sharply negative operating/free cash flow—despite strong revenue growth and high gross margins. Technicals also remain unfavorable with the stock below key longer-term moving averages and a negative MACD. Valuation is additionally constrained by the negative P/E and lack of dividend yield data.
Positive Factors
High Gross Margins
Very high gross margins indicate that Hatena’s software and platform services can retain substantial value after direct costs. If maintained, this provides operating leverage, supports reinvestment in products and communities, and gives the company room to improve profitability as revenue scales.
Negative Factors
Large Net Loss
The move to a deeply negative net margin shows that Hatena’s strong gross economics are not currently translating into sustainable bottom-line earnings. Continued losses could limit internal funding, weaken shareholder returns, and require management to restore cost discipline before growth can create durable value.
Read all positive and negative factors
Positive Factors
Negative Factors
High Gross Margins
Very high gross margins indicate that Hatena’s software and platform services can retain substantial value after direct costs. If maintained, this provides operating leverage, supports reinvestment in products and communities, and gives the company room to improve profitability as revenue scales.
Read all positive factors
Hatena Co., Ltd. (3930) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.35B
Dividend YieldN/A
Average Volume (3M)12.63K
Price to Earnings (P/E)―
Beta (1Y)0.34
Revenue Growth-3.89%
EPS Growth-527.81%
CountryJP
Employees217
SectorCommunication Services
Sector Strength97
IndustrySoftware - Application
Share Statistics
EPS (TTM)-332.15
Shares Outstanding3,075,200
10 Day Avg. Volume5,540
30 Day Avg. Volume12,633
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.31
Price to Sales (P/S)0.66
P/FCF Ratio-2.05
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
Hatena Co., Ltd. Business Overview & Revenue Model
Company Description
Hatena Co., Ltd. provides user generated content services in Japan and internationally. The company offers content platform services, including Hatena Blog, a blog service; Hatena Bookmark, a social bookmarking service; Human Search Hatena, a ques...
How the Company Makes Money
Hatena primarily generates revenue through (1) paid subscriptions and premium plans tied to its consumer-facing platforms (e.g., monetization of its blogging and related services through user subscription fees for enhanced features), and (2) busin...
Hatena Co., Ltd. Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
70
Positive
Cash Flow
28
Negative
| Breakdown | Jul 2026 | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 3.65B | 3.79B | 3.31B | 3.15B | 3.06B |
| Gross Profit | 3.14B | 3.24B | 2.70B | 2.59B | 2.60B |
| EBITDA | 239.62M | 473.26M | 180.87M | 269.64M | 445.66M |
| Net Income | -995.63M | 230.88M | 62.37M | 99.64M | 240.22M |
Balance Sheet | |||||
| Total Assets | 2.56B | 3.46B | 2.92B | 2.89B | 2.99B |
| Cash, Cash Equivalents and Short-Term Investments | 1.22B | 2.15B | 1.52B | 1.51B | 1.73B |
| Total Debt | 250.00M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 728.57M | 643.02M | 361.59M | 403.83M | 546.85M |
| Stockholders Equity | 1.84B | 2.82B | 2.56B | 2.49B | 2.44B |
Cash Flow | |||||
| Free Cash Flow | -1.18B | 688.20M | 128.25M | -30.48M | 269.96M |
| Operating Cash Flow | -1.16B | 711.58M | 147.01M | 2.58M | 327.36M |
| Investing Cash Flow | 2.31M | -38.43M | -106.16M | -158.28M | -43.92M |
| Financing Cash Flow | 249.95M | 2.01M | 1.55M | -97.14M | -52.20M |
Hatena Co., Ltd. Technical Analysis
Negative
978.00
Price Trends
848.66
Negative
907.28
Negative
936.49
Negative
Market Momentum
-15.13
Negative
38.70
Neutral
9.73
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3930, the sentiment is Negative. The current price of 978 is above the 20-day moving average (MA) of 775.15, above the 50-day MA of 848.66, and above the 200-day MA of 936.49, indicating a bearish trend. The MACD of -15.13 indicates Negative momentum. The RSI at 38.70 is Neutral, neither overbought nor oversold. The STOCH value of 9.73 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3930.
Hatena Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ¥29.67B | 12.14 | ― | 0.63% | 16.53% | 76.82% | |
78 Outperform | ¥6.44B | 14.67 | ― | 6.40% | -1.51% | -34.53% | |
69 Neutral | ¥59.32B | 52.94 | ― | ― | 30.21% | 488.52% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
51 Neutral | ¥4.76B | -9.15 | ― | 0.29% | -8.10% | -833.44% | |
47 Neutral | ¥9.40B | 7.74 | 9.61% | 1.30% | -8.20% | 125.15% | |
44 Neutral | ¥2.35B | -2.30 | ― | ― | -3.89% | -527.81% |
* Communication Services Sector Average
JP:3930
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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.