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BPLATS,Inc. (4381) AI Stock Analysis

JP:4381

BPLATS,Inc.

(TSE/TYO:4381)

Select Model
Rating:42Neutral
Price Target:JPY 191.00â–²(3.24% Upside)
Action:upgraded
Date:10/22/26

The company is in a state of financial distress with negative equity and persistent losses, which are the primary drivers of the low score. A short-term technical bounce offers minimal relief against a dominant downtrend, and the negative P/E ratio confirms a lack of earnings-based value.

Positive Factors
Revenue ReboundThe return to revenue growth indicates that platform demand and commercial activity improved after two weaker fiscal years. If sustained, renewed top-line expansion can support operating leverage, broaden the company’s customer base, and provide a foundation for rebuilding earnings over the next several quarters.
Negative Factors
Severe Net LossesThe sharp deterioration in net margin indicates that revenue growth is not currently translating into shareholder earnings. Persistently large losses can consume capital, weaken financial resilience, and make it harder for management to invest in growth while also addressing the company’s funding needs.

BPLATS,Inc. (4381) vs. iShares MSCI Japan ETF (EWJ)

-80%-60%-40%-20%0%20%40%JP:4381-63.69%EWJ+17.00%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 598.03M
Dividend Yield
―
Average Volume (3M)
473.75K
Price to Earnings (P/E)
-0.6
Beta (1Y)
0.32
Revenue Growth
4.68%
EPS Growth
-198.31%
Country
Japan
Employees
43
Sector
General
Sector Strength
55
Industry
Software - Application

BPLATS,Inc. Business Overview & Revenue Model

Company Description

Operating within Japan and across international markets, BPLATS,Inc. specializes in providing subscription-based solutions. A central component of its offerings is the Bplats platform, a comprehensive ecosystem designed to connect suppliers with sale...

How the Company Makes Money

BPLATS, Inc. generates revenue primarily through fees associated with its platform services that facilitate space-related procurement and transactions between corporate/organizational users and suppliers/service providers. Key revenue streams typical...

BPLATS,Inc. Financial Statement Overview

Summary

Severe financial distress: negative equity, debt exceeding assets, and three consecutive years of net losses. Positive operating cash flow is the only mitigating factor, but it is insufficient to offset solvency risks.

Income Statement

12Very Negative

Balance Sheet

8Very Negative

Cash Flow

25Negative
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue725.75M727.16M706.26M897.96M945.17M808.72M
Gross Profit355.49M283.04M155.80M338.36M583.57M431.04M
EBITDA153.96M145.94M43.18M108.43M304.34M253.61M
Net Income-855.24M-925.58M-298.07M-98.01M182.90M10.88M
Balance Sheet
Total Assets377.85M410.80M1.09B1.37B1.35B964.77M
Cash, Cash Equivalents and Short-Term Investments241.43M291.60M68.06M232.21M350.06M246.11M
Total Debt675.24M706.91M696.73M627.49M544.96M423.03M
Total Liabilities778.45M858.05M803.25M805.52M711.05M524.13M
Stockholders Equity-400.60M-447.25M284.50M562.30M634.63M435.44M
Cash Flow
Free Cash Flow0200.06M39.53M112.08M324.76M195.59M
Operating Cash Flow0200.06M48.09M116.98M332.95M202.97M
Investing Cash Flow0-166.30M-291.80M-321.08M-353.34M-300.54M
Financing Cash Flow0189.78M79.55M86.26M124.34M60.02M

BPLATS,Inc. Technical Analysis

Technical Analysis SentimentNegative
Last Price185.00

Price Trends

50DMA250.90Negative
100DMA284.92Negative
200DMA380.13Negative

Market Momentum

MACD-10.07Positive
RSI41.24Neutral
STOCH3.53Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4381, the sentiment is Negative. The current price of 185.00 is below the 20-day moving average (MA) of 223.05, below the 50-day MA of 250.90, and below the 200-day MA of 380.13, indicating a bearish trend. The MACD of -10.07 indicates Positive momentum. The RSI at 41.24 is Neutral, neither overbought nor oversold. The STOCH value of 3.53 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4381.

BPLATS,Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:4381 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:4477JP:447773OutperformJPY 39.16B17.41―1.51%34.68%552.65%
JP:5033JP:503366NeutralJPY 7.96B47.99――7.04%-67.36%
JP:4397JP:439761NeutralJPY 6.01B16.11――23.50%2.72%
JP:4476JP:447660NeutralJPY 4.33B12.55――24.15%252.38%
JP:4484JP:448458NeutralJPY 4.48B45.92―0.72%20.67%-37.51%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
JP:4381JP:438142NeutralJPY 965.81M-0.59――4.68%-198.31%

* General Sector Average

Performance Comparison

-50%0%50%JP:4381JP:4397JP:4476JP:4477JP:4484JP:5033Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:4381 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:4381BPLATS,Inc.199.00-351.00-63.82%
JP:4397TeamSpirit, Inc.364.00-143.00-28.21%
JP:4476AI CROSS Inc1071.00-712.00-39.93%
JP:4477BASE, Inc.332.0013.904.37%
JP:4484Lancers, Inc.276.00-12.10-4.20%
JP:5033Nulab Inc.1228.00465.0060.94%
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: Oct 22, 2026