SpiderPlus & Co. AI Stock Analysis
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SpiderPlus & Co. (4192) AI Stock Analysis
SpiderPlus & Co.
(TSE/TYO:4192)
Score is supported primarily by improving financial performance (turnaround in growth, margins, and cash flow) and strong technical uptrend (price above key moving averages with positive MACD). The biggest offset is valuation, with a very high P/E (~203), and momentum indicators suggest the stock is extended (RSI ~71), adding near-term risk.
SpiderPlus & Co. (4192) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 12.41B
- Dividend Yield
- ―
- Average Volume (3M)
- 154.56K
- Price to Earnings (P/E)
- 189.1
- Beta (1Y)
- 0.83
- Revenue Growth
- 14.15%
- EPS Growth
- ―
- Country
- Japan
- Employees
- 260
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Application
SpiderPlus & Co. Business Overview & Revenue Model
Company Description
Headquartered in Tokyo, Japan, SpiderPlus & Co. is an information and communication technology (ICT) firm established in 1997. The company's core offering is SPIDERPLUS, a dedicated application for drawing and site management tailored for the Japanes...
How the Company Makes Money
SpiderPlus & Co. primarily makes money by providing its SPIDERPLUS software as a subscription service (i.e., recurring usage fees) to corporate customers that need to manage fieldwork documentation and reporting. Revenue is therefore mainly driven by...
SpiderPlus & Co. Financial Statement Overview
Summary
Financials show an improving turnaround: 2025 revenue grew ~8% with strong gross margin (~74%) and meaningfully better profitability versus 2022–2024. Balance sheet leverage is manageable (debt-to-equity ~0.31). However, operating profit and net income remain slightly negative in 2025 and multi-year losses plus historically volatile cash flow keep the score in the mid-range.
Income Statement
55NeutralBalance Sheet
68PositiveCash Flow
60Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.18B | 4.90B | 4.07B | 3.19B | 2.48B | 2.21B |
| Gross Profit | 3.83B | 3.62B | 2.77B | 2.07B | 1.52B | 1.26B |
| EBITDA | 265.43M | 149.76M | -589.25M | -281.10M | -901.27M | -475.78M |
| Net Income | 62.97M | -17.36M | -771.66M | -463.35M | -1.04B | -511.67M |
Balance Sheet | ||||||
| Total Assets | 4.08B | 4.16B | 4.21B | 4.60B | 4.79B | 5.43B |
| Cash, Cash Equivalents and Short-Term Investments | 2.26B | 2.48B | 2.74B | 2.85B | 3.04B | 4.20B |
| Total Debt | 757.81M | 836.68M | 1.03B | 504.44M | 450.67M | 178.12M |
| Total Liabilities | 1.37B | 1.50B | 1.57B | 1.21B | 1.11B | 804.21M |
| Stockholders Equity | 2.71B | 2.66B | 2.65B | 3.39B | 3.68B | 4.62B |
Cash Flow | ||||||
| Free Cash Flow | 0 | 63.18M | -387.38M | -413.56M | -1.71B | -854.95M |
| Operating Cash Flow | 0 | 78.89M | -369.09M | -331.22M | -1.00B | -493.48M |
| Investing Cash Flow | 0 | -181.98M | -52.41M | -85.01M | -508.68M | -610.36M |
| Financing Cash Flow | 0 | -158.63M | 322.64M | 217.61M | 363.05M | 4.83B |
SpiderPlus & Co. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4192, the sentiment is Neutral. The current price of 338.00 is below the 20-day moving average (MA) of 354.65, above the 50-day MA of 327.68, and above the 200-day MA of 292.47, indicating a neutral trend. The MACD of 3.92 indicates Positive momentum. The RSI at 48.57 is Neutral, neither overbought nor oversold. The STOCH value of 61.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:4192.
SpiderPlus & Co. Peers Comparison
Overall Rating
JP:438979Outperform
JP:416871Outperform
JP:444862.6Neutral- JP:419260Neutral
JP:503359Neutral
JP:437557Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:4389 | 79Outperform | JPY 10.50B | 16.18 | ― | 3.06% | 18.75% | 32.52% |
| JP:4168 | 71Outperform | JPY 9.61B | 8.54 | ― | 1.95% | 12.19% | 30.65% |
| JP:4448 | 63Neutral | JPY 14.07B | 18.87 | ― | ― | 14.06% | ― |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| JP:4192 | 60Neutral | JPY 12.51B | 189.07 | ― | ― | 14.15% | ― |
| JP:5033 | 59Neutral | JPY 8.01B | 47.24 | ― | ― | 7.04% | -67.36% |
| JP:4375 | 57Neutral | JPY 34.63B | 73.59 | ― | ― | 22.56% | ― |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:4192 | SpiderPlus & Co. | 338.00 | -13.00 | -3.70% | |
| JP:4168 | Yappli, Inc. | 742.00 | -271.68 | -26.80% | |
| JP:4375 | Safie Inc. | 616.00 | -256.00 | -29.36% | |
| JP:4389 | Property Data Bank, Inc. | 1046.00 | 248.15 | 31.10% | |
| JP:4448 | Chatwork Co.Ltd. | 323.00 | -67.00 | -17.18% | |
| JP:5033 | Nulab Inc. | 1209.00 | 392.00 | 47.98% |
SpiderPlus & Co. Corporate Events
SpiderPlus Q&A Highlights Alliances, AI Strategy and Portfolio Adjustments
SpiderPlus & Co. has released a transcript of a Q&A session tied to its FY2026 second-quarter results briefing, highlighting management’s discussion of macroeconomic impacts, competitive dynamics, and the company’s technology-led growth plans. The se...
SpiderPlus & Co. Eyes Growth Amid Rising Japan Construction Investment
SpiderPlus & Co. reported its FY2026 second-quarter results against a backdrop of robust expansion in Japan’s construction investment outlook. Spending in the sector is expected to grow from 68 trillion yen in FY2025 to 84 trillion yen by FY2035, sup...
SpiderPlus Highlights DX-Driven Strategy in FY2026 Q2 Briefing
SpiderPlus & Co. has released its FY2026 second-quarter financial results briefing materials, dated August 19, 2026, providing an overview of the company’s performance and outlook. The disclosure underscores SpiderPlus’s continued emphasis on driving...
SpiderPlus Records Extraordinary Loss on Impaired Development Investments
SpiderPlus & Co. has booked an extraordinary loss for the six months ended June 30, 2026, after determining that part of a prior investment in operational streamlining projects is no longer recoverable. The impairment loss, totaling 38,786 thousand y...
SpiderPlus & Co. Returns to Profit as Sales Rise and Balance Sheet Strengthens
SpiderPlus & Co. reported consolidated net sales of ¥2,642 million for the six months ended June 30, 2026, up 12.0% year on year, with operating income and ordinary income both turning positive at ¥89 million. Net income attributable to owners of the...
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 20, 2026