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Dream Incubator Inc.
(4310)
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Rating:77Outperform
Price Target:
¥2,885.00
▼(-1.70% Downside)
Action:Reiterated
Date:05/29/26
The score is driven primarily by improved financial performance (strong recent growth and margins, supported by solid recent cash generation and a very conservative balance sheet), tempered by historical volatility. Technicals are bullish but appear stretched, while valuation is supported by a high dividend yield and a reasonable P/E.
Positive Factors
Revenue and Margin Rebound
Revenue expanded about 29% in the latest year, while gross, EBIT and net margins reached roughly 53%, 21% and 18%. This combination indicates strong operating leverage and a meaningful earnings rebound, although consistency still needs monitoring.
Negative Factors
Earnings Volatility
Despite the latest rebound, the record is uneven: 2024 brought a steep revenue decline and large losses, while 2023 showed unusually high profitability. Such swings weaken confidence that current growth and margins can persist through a full cycle.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Rebound
Revenue expanded about 29% in the latest year, while gross, EBIT and net margins reached roughly 53%, 21% and 18%. This combination indicates strong operating leverage and a meaningful earnings rebound, although consistency still needs monitoring.
Read all positive factors
Dream Incubator Inc. (4310) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥24.05B
Dividend Yield7.27%
Average Volume (3M)27.99K
Price to Earnings (P/E)21.3
Beta (1Y)1.18
Revenue Growth23.66%
EPS Growth16.93%
CountryJP
Employees222
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)120.75
Shares Outstanding9,534,316
10 Day Avg. Volume25,290
30 Day Avg. Volume27,990
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.98
Price to Sales (P/S)2.63
P/FCF Ratio9.33
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
Dream Incubator Inc. Business Overview & Revenue Model
Company Description
Dream Incubator Inc. operates as a venture capital and private equity firm, concentrating on the incubation and financing of businesses across all developmental phases. The company targets investment opportunities primarily within Japan and Vietna...
How the Company Makes Money
Dream Incubator generates earnings primarily through a combination of (1) consulting/service fees and (2) investment-related income. On the services side, it provides advisory and hands-on support for corporate clients and other organizations purs...
Dream Incubator Inc. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
90
Very Positive
Cash Flow
67
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.30B | 8.69B | 6.18B | 5.38B | 30.13B | 35.57B |
| Gross Profit | 3.88B | 4.61B | 2.93B | 453.00M | 13.39B | 14.72B |
| EBITDA | 1.22B | 1.85B | 364.00M | -1.92B | 17.96B | 557.00M |
| Net Income | 1.06B | 1.59B | 171.00M | -1.85B | 11.55B | 7.00M |
Balance Sheet | ||||||
| Total Assets | 14.60B | 15.63B | 15.86B | 17.45B | 31.31B | 33.57B |
| Cash, Cash Equivalents and Short-Term Investments | 11.91B | 12.76B | 13.47B | 11.73B | 29.66B | 22.23B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 50.00M | 3.17B |
| Total Liabilities | 3.75B | 3.89B | 2.70B | 2.27B | 9.40B | 21.12B |
| Stockholders Equity | 10.67B | 11.57B | 13.02B | 15.02B | 21.44B | 9.78B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.45B | 478.00M | -7.71B | 3.48B | 7.35B |
| Operating Cash Flow | 0.00 | 2.54B | 1.23B | -7.46B | 3.67B | 7.82B |
| Investing Cash Flow | 0.00 | -1.09B | 346.00M | 8.16B | -5.15B | 317.00M |
| Financing Cash Flow | 0.00 | -3.18B | -2.27B | -4.75B | -1.39B | 955.00M |
Dream Incubator Inc. Technical Analysis
Negative
2935.00
Price Trends
2563.74
Negative
2600.01
Negative
2575.85
Negative
Market Momentum
-6.64
Negative
50.80
Neutral
74.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4310, the sentiment is Negative. The current price of 2935 is above the 20-day moving average (MA) of 2508.45, above the 50-day MA of 2563.74, and above the 200-day MA of 2575.85, indicating a neutral trend. The MACD of -6.64 indicates Negative momentum. The RSI at 50.80 is Neutral, neither overbought nor oversold. The STOCH value of 74.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4310.
Dream Incubator Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | ¥81.77B | 13.57 | 17.76% | 4.04% | 23.07% | 33.26% | |
77 Outperform | ¥24.05B | 21.29 | ― | 18.63% | 23.66% | 16.93% | |
75 Outperform | ¥54.55B | 9.79 | 20.32% | 4.42% | 49.56% | 400.07% | |
73 Outperform | ¥2.25T | 4.53 | 26.86% | 2.63% | 23.11% | 103.05% | |
62 Neutral | ¥11.79B | 16.86 | ― | ― | 31.62% | 58.75% | |
60 Neutral | ¥123.41B | 24.47 | 3.72% | 5.07% | -44.57% | -50.48% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:4310
Dream Incubator Inc.
2,571.00
-41.97
-1.61%
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Dream Incubator Inc. Corporate Events
Dream Incubator’s Q1 Results Highlight Strength in Business Producing Amid VC Headwinds
Aug 4, 2026
Dream Incubator reported consolidated Q1 FY03/2027 sales of JPY1.77 billion, operating profit of JPY0.06 billion and net income of JPY0.13 billion, underscoring modest overall profitability. The Business Producing segment drove results, with sales...
Dream Incubator Q1 Profit Plunges But High Equity Ratio Supports Dividend Policy
Aug 4, 2026
Dream Incubator reported a sharp downturn in first-quarter performance for the three months ended June 30, 2026, with net sales falling 17.9% year-on-year to ¥1,773 million and operating profit plunging 90.6% to ¥67 million. Ordinary pro...
Dream Incubator Deepens Strategic Ties with Dentsu and Yamaguchi Financial Group
Jun 12, 2026
Dream Incubator has disclosed that advertising conglomerate Dentsu Group and Yamaguchi Financial Group are its principal related companies, holding 23.03% and 22.06% of its shares respectively, and that it is treated as an equity-method affiliate ...
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.