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PLAID Inc.
(4165)
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Rating:67Neutral
Price Target:
¥743.00
▲(8.15% Upside)
Action:Reiterated
Date:07/15/26
The score is primarily driven by the strong financial turnaround—improving profitability, consistently high gross margins, and solid free cash flow quality. This is tempered by slower revenue growth and only mixed technicals (below the 200-day average), while valuation (P/E ~32) looks relatively rich without dividend support.
Positive Factors
Profitability Turnaround
The shift to sustained profitability improves internal funding capacity and reduces dependence on external capital. If maintained, stronger operating leverage can support more resilient earnings and provide flexibility for product investment and strategic execution.
Negative Factors
Revenue Growth Deceleration
Slower top-line expansion limits the operating leverage available from the profitability turnaround and raises execution risk. Sustained growth will depend on renewed customer adoption, expansion within accounts, or successful product and market initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Turnaround
The shift to sustained profitability improves internal funding capacity and reduces dependence on external capital. If maintained, stronger operating leverage can support more resilient earnings and provide flexibility for product investment and strategic execution.
Read all positive factors
PLAID Inc. (4165) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥28.35B
Dividend YieldN/A
Average Volume (3M)577.11K
Price to Earnings (P/E)52.2
Beta (1Y)0.23
Revenue Growth21.27%
EPS Growth-53.38%
CountryJP
Employees531
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)18.77
Shares Outstanding41,270,664
10 Day Avg. Volume1,239,440
30 Day Avg. Volume577,113
Financial Highlights & Ratios
PEG Ratio0.16
Price to Book (P/B)8.64
Price to Sales (P/S)3.09
P/FCF Ratio31.08
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)28
Revenue Forecast (FY)¥20.65B
PLAID Inc. Business Overview & Revenue Model
Company Description
PLAID, Inc. is a Japanese company that creates and manages KARTE, a software-as-a-service (SaaS) platform designed to enhance customer experiences. Furthermore, it oversees the development and operation of two distinct digital publications: Shoppi...
PLAID Inc. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
71
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.62B | 13.40B | 10.99B | 8.63B | 7.30B | 5.44B |
| Gross Profit | 10.68B | 9.75B | 7.77B | 6.01B | 5.17B | 3.97B |
| EBITDA | 1.28B | 1.51B | 357.77M | -654.01M | -685.54M | 194.00M |
| Net Income | 768.67M | 1.10B | 320.73M | -2.11B | -930.78M | -106.65M |
Balance Sheet | ||||||
| Total Assets | 12.36B | 9.66B | 7.30B | 6.22B | 7.09B | 6.98B |
| Cash, Cash Equivalents and Short-Term Investments | 8.01B | 6.60B | 4.74B | 3.83B | 4.24B | 4.17B |
| Total Debt | 4.57B | 1.82B | 1.32B | 1.38B | 1.84B | 916.09M |
| Total Liabilities | 7.16B | 4.85B | 4.10B | 3.47B | 3.02B | 2.03B |
| Stockholders Equity | 5.20B | 4.79B | 3.15B | 2.60B | 4.06B | 4.86B |
Cash Flow | ||||||
| Free Cash Flow | 1.33B | 1.33B | 842.86M | -371.80M | -883.55M | 391.12M |
| Operating Cash Flow | 1.38B | 1.38B | 900.48M | -325.09M | -809.23M | 410.90M |
| Investing Cash Flow | 215.71M | 215.71M | -49.69M | 318.81M | -135.11M | -1.33B |
| Financing Cash Flow | 264.84M | 264.84M | 66.77M | -406.94M | 1.01B | 3.00B |
PLAID Inc. Technical Analysis
Positive
687.00
Price Trends
573.46
Positive
569.86
Positive
657.33
Positive
Market Momentum
38.05
Negative
59.37
Neutral
42.71
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4165, the sentiment is Positive. The current price of 687 is above the 20-day moving average (MA) of 646.40, above the 50-day MA of 573.46, and above the 200-day MA of 657.33, indicating a bullish trend. The MACD of 38.05 indicates Negative momentum. The RSI at 59.37 is Neutral, neither overbought nor oversold. The STOCH value of 42.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4165.
PLAID Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥19.90B | 19.35 | ― | 3.14% | -2.50% | -17.10% | |
79 Outperform | ¥32.88B | 26.74 | ― | 0.78% | 27.32% | 20.92% | |
77 Outperform | ¥36.80B | 16.31 | ― | 1.64% | 34.68% | 552.65% | |
67 Neutral | ¥28.35B | 52.21 | ― | ― | 21.27% | -53.38% | |
63 Neutral | ¥16.34B | 23.74 | ― | ― | 22.31% | 691.30% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ¥10.16B | -948.89 | ― | 3.48% | 5.62% | -114.16% |
* General Sector Average
JP:4165
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PLAID Inc. Corporate Events
PLAID Restructures Surplus to Eliminate Retained Earnings Deficit Without Affecting Net Assets
Aug 13, 2026
PLAID, Inc. has resolved to appropriate surplus by transferring ¥3.46 billion from Other Capital Surplus to Retained Earnings Brought Forward to eliminate a deficit in retained earnings on its non-consolidated balance sheet. The move is desig...
PLAID Launches Share Buyback of Up to ¥500 Million
Aug 13, 2026
PLAID, Inc. has authorized a share repurchase program under Article 459 of the Companies Act, allowing the company to buy back up to 1.1 million shares, or about 2.7% of its outstanding stock excluding treasury shares. The buyback, capped at ¥...
PLAID Lifts Revenue Outlook but Cuts Profit Forecast on AI-Driven Hiring Push
Aug 13, 2026
PLAID, Inc. revised its consolidated forecast for the 15‑month fiscal period ending December 31, 2026, projecting slightly higher net sales than previously expected, driven by expanding enterprise transactions, increased value from multi-pro...
PLAID Flags Uncertainty Around Q3 FY12/26 Outlook
Aug 13, 2026
PLAID, Inc. released a document dated August 2026 outlining financial results for the third quarter of its fiscal year ending December 2026, while prominently emphasizing that the materials include forward-looking statements subject to significant...
PLAID’s Revenue Grows but Profits Shrink on Aggressive Investment Drive
Aug 13, 2026
PLAID Inc. reported consolidated net sales of ¥11.9 billion for the first nine months of its 15‑month fiscal period to December 31, 2026, up 21.2% year on year, but saw significant profit compression as adjusted operating income fell 24...
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.