PLAID Inc. AI Stock Analysis
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PLAID Inc. (4165) AI Stock Analysis
PLAID Inc.
(TSE/TYO:4165)
The score is driven primarily by improved fundamentals (profitability and strong free-cash-flow generation with high gross margins) and supportive technical strength (price above key moving averages with positive MACD). These positives are tempered by a rich valuation (P/E ~57) and the slowdown in revenue growth, which raises execution risk if growth does not re-accelerate.
PLAID Inc. (4165) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 30.74B
- Dividend Yield
- ―
- Average Volume (3M)
- 384.31K
- Price to Earnings (P/E)
- 56.9
- Beta (1Y)
- 0.24
- Revenue Growth
- 21.27%
- EPS Growth
- -53.38%
- Country
- Japan
- Employees
- 531
- Sector
- General
- Sector Strength
- 55
- Industry
- Software - Application
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: Shopping...
PLAID Inc. Financial Statement Overview
Summary
Financials show a meaningful turnaround: the company moved from heavy losses (2022–2023) to solid profitability in 2024–2025 with a positive net margin (~8%) and consistently strong gross margins (~71–74%). Cash flow is a key strength with strongly positive operating cash flow/free cash flow in 2024–2025 and high earnings-to-FCF conversion (~94–97%). Offsetting factors include sharply decelerated revenue growth (~0% in 2024 and ~5% in 2025) and a balance sheet that, while moderately leveraged (debt-to-equity ~0.38), shows rising absolute debt from 2024 to 2025.
Income Statement
74PositiveBalance Sheet
71PositiveCash Flow
78Positive| 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
Price Trends
Market Momentum
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 738.00 is below the 20-day moving average (MA) of 744.75, above the 50-day MA of 711.04, and above the 200-day MA of 623.97, indicating a neutral trend. The MACD of 4.72 indicates Positive momentum. The RSI at 52.18 is Neutral, neither overbought nor oversold. The STOCH value of 69.38 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
Overall Rating
JP:503889.3Outperform
JP:447773Outperform- JP:416572Outperform
JP:383566.5Neutral
JP:955358Neutral
JP:604755Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:5038 | 89Outperform | JPY 35.40B | 28.12 | ― | 0.70% | 27.32% | 20.92% |
| JP:4477 | 73Outperform | JPY 36.32B | 15.49 | ― | 1.61% | 36.14% | 304.76% |
| JP:4165 | 72Outperform | JPY 31.37B | 56.94 | ― | ― | 21.27% | -53.38% |
| JP:3835 | 67Neutral | JPY 15.52B | 15.55 | ― | 4.38% | 1.86% | -12.57% |
| JP:9553 | 58Neutral | JPY 15.42B | 23.30 | ― | ― | 22.31% | 691.30% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| JP:6047 | 55Neutral | JPY 6.22B | -253.33 | ― | 6.02% | -0.10% | -110.45% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:4165 | PLAID Inc. | 738.00 | -172.00 | -18.90% | |
| JP:3835 | eBASE Co., Ltd. | 341.00 | -103.95 | -23.36% | |
| JP:4477 | BASE, Inc. | 310.00 | -32.79 | -9.57% | |
| JP:5038 | eWeLL Co.,Ltd | 2294.00 | -646.93 | -22.00% | |
| JP:6047 | Gunosy, Inc. | 304.00 | -259.89 | -46.09% | |
| JP:9553 | MicroAd, Inc. | 570.00 | 76.00 | 15.38% |
PLAID Inc. Corporate Events
PLAID Completes ¥500 Million Share Buyback on TSE Growth
PLAID, Inc. has completed a share repurchase program authorized by its board on August 13, 2026, under provisions of the Companies Act and its Articles of Incorporation. The buyback was executed through market purchases on the Tokyo Stock Exchange an...
PLAID Reports Progress on ¥500 Million Share Buyback Program
PLAID, Inc. has disclosed the progress of its ongoing share repurchase program authorized by its board on August 13, 2026, under provisions of the Companies Act and its Articles of Incorporation. The buyback is being executed via market purchases on...
PLAID Restructures Surplus to Eliminate Retained Earnings Deficit Without Affecting Net Assets
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 designed to i...
PLAID Launches Share Buyback of Up to ¥500 Million
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 ¥500 mil...
PLAID Lifts Revenue Outlook but Cuts Profit Forecast on AI-Driven Hiring Push
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-product and...
PLAID Flags Uncertainty Around Q3 FY12/26 Outlook
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 ri...
PLAID’s Revenue Grows but Profits Shrink on Aggressive Investment Drive
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 24.2% and net in...
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: Oct 15, 2026