ATLED CORP. (3969) AI Stock Analysis

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ATLED CORP.

(TSE/TYO:3969)

Select Model

Rating:80Outperform

Price Target:JPY 1,578.00▲(13.61% Upside)

Action:reiterated

Date:11/05/26

ATLED CORP. earns a strong overall score, driven primarily by its exceptionally robust financial foundation, zero-debt balance sheet, and highly attractive valuation (13.4x P/E, 2.55% yield). The company's stellar cash conversion and pristine solvency profile heavily outweigh its recent sluggish price action. While near-term technical indicators show bearish momentum with the stock trading below key moving averages, oversold signals hint that downside may be limited, making the stock's fundamental strengths the prevailing factor.

Positive Factors

Debt-free balance sheetZero debt across all reported years materially reduces financial risk and refinancing exposure. Equity rose from about ¥3.08B in 2021 to ¥5.61B in 2026, indicating retained profitability and a steadily strengthening capital base.

Negative Factors

Recent revenue growth decelerationRevenue growth slowed to about 2.9% in 2026 from mid-teens rates earlier. If this deceleration persists, it could constrain operating leverage, reduce the pace of earnings expansion, and make future growth more dependent on renewed demand.

ATLED CORP. (3969) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 10.40B
Dividend Yield: 2.52%
Average Volume (3M): 4,841
Price to Earnings (P/E): 13.5
Beta (1Y): 0.24
Revenue Growth: 12.59%
EPS Growth: 10.41%
Country: Japan
Employees: 89
Sector: Technology
Sector Strength: 61
Industry: Software - Application

ATLED CORP. Business Overview & Revenue Model

Company Description

ATLED CORP. engages in the development and sale of software solutions in Japan. It offers X-point Cloud, a cloud-based workflow system; and Agile Works, a workflow system for organizational structuring and changes. The company also provides cloud ser...

ATLED CORP. Financial Statement Overview

Summary

ATLED CORP. boasts a highly resilient financial profile with a pristine, zero-debt balance sheet and stellar cash generation capabilities. This strength is only slightly offset by a recent deceleration in revenue growth and minor margin compression.

Income Statement

78Positive

Balance Sheet

98Very Positive

Cash Flow

94Very Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	3.15B	2.90B	2.77B	2.50B	2.17B	2.11B
Gross Profit	2.03B	1.86B	1.80B	1.78B	1.67B	1.61B
EBITDA	1.58B	1.47B	1.44B	1.33B	1.22B	1.09B
Net Income	769.28M	716.08M	728.34M	713.76M	670.29M	604.33M
Balance Sheet
Total Assets	7.36B	6.91B	6.27B	5.73B	5.03B	4.60B
Cash, Cash Equivalents and Short-Term Investments	6.02B	4.58B	4.99B	4.51B	4.07B	3.77B
Total Debt	0	0	0	0	0	0
Total Liabilities	1.50B	1.30B	1.13B	1.13B	972.35M	1.06B
Stockholders Equity	5.86B	5.61B	5.14B	4.60B	4.06B	3.54B
Cash Flow
Free Cash Flow	0	1.33B	1.15B	632.51M	483.00M	785.70M
Operating Cash Flow	0	1.33B	1.15B	1.08B	829.80M	985.13M
Investing Cash Flow	0	-2.48B	-454.46M	-450.82M	-356.36M	-218.66M
Financing Cash Flow	0	-247.05M	-217.08M	-187.15M	-171.02M	-155.95M

ATLED CORP. Technical Analysis

Technical Analysis SentimentPositive

Last Price1389.00

Price Trends

50DMA1387.28Positive

100DMA1381.38Positive

200DMA1378.66Positive

Market Momentum

MACD-2.08Negative

RSI52.03Neutral

STOCH61.56Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3969, the sentiment is Positive. The current price of 1389.00 is above the 20-day moving average (MA) of 1386.10, above the 50-day MA of 1387.28, and above the 200-day MA of 1378.66, indicating a bullish trend. The MACD of -2.08 indicates Negative momentum. The RSI at 52.03 is Neutral, neither overbought nor oversold. The STOCH value of 61.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3969.

ATLED CORP. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

JP:3969 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:3969	80Outperform	JPY 10.40B	13.52	―	2.52%	12.59%	10.41%
JP:4168	71Outperform	JPY 9.69B	9.03	―	1.94%	12.19%	30.65%
JP:5588	63Neutral	JPY 6.38B	26.56	―	0.65%	21.69%	-55.81%
JP:4448	63Neutral	JPY 13.69B	18.75	―	―	14.06%	―
Sector *	61Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
JP:4397	60Neutral	JPY 5.75B	15.40	―	―	23.50%	2.72%
JP:5033	59Neutral	JPY 7.75B	46.70	―	―	7.04%	-67.36%

* Technology Sector Average

Performance Comparison

JP:3969 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:3969	ATLED CORP.	1389.00	15.68	1.14%
JP:4168	Yappli, Inc.	746.00	-231.37	-23.67%
JP:4397	TeamSpirit, Inc.	348.00	-162.00	-31.76%
JP:4448	Chatwork Co.Ltd.	321.00	-33.00	-9.32%
JP:5033	Nulab Inc.	1195.00	430.00	56.21%
JP:5588	Fast Accounting Co.,Ltd.	566.00	-756.09	-57.19%

ATLED CORP. Corporate Events

ATLED CORP. Delivers Double-Digit Profit Growth and Raises Interim Dividend

Oct 28, 2026

ATLED CORP., a general business company listed on the Tokyo Stock Exchange Standard market, reported solid growth in its core operations and maintains a strong financial base backed by high capital adequacy. Its balance sheet strength and rising earn...

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 05, 2026

ATLED CORP. AI Stock Analysis