Amazia, Inc. (4424) AI Stock Analysis

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Amazia, Inc.

(TSE/TYO:4424)

Select Model

Rating:27Underperform

Price Target:JPY 220.00▲(0.00% Upside)

Action:downgraded

Date:10/31/26

The stock is under severe pressure, primarily driven by a multi-year revenue decline, persistent net losses, and dangerously negative cash flows that threaten the company's viability. Technicals reinforce this weakness, with the price in a clear downtrend across all key moving averages and momentum indicators pointing to continued selling. The lack of profitability renders standard valuation metrics negative, offering no support. The debt-free balance sheet is the sole positive attribute but is insufficient to offset the overwhelming fundamental and technical headwinds.

Positive Factors

Minimal leverageEffectively no debt reduces solvency and refinancing pressure, giving Amazia greater financial flexibility than a highly levered business. This structure can preserve room for restructuring or investment if operations stabilize, although it does not offset current losses and cash burn.

Negative Factors

Revenue decline and margin compressionMulti-year revenue contraction and a gross-margin decline from the mid-to-high 30% range to about 20% indicate weakening commercial performance and unit economics. Unless reversed, this combination limits operating leverage, reduces reinvestment capacity, and makes durable growth harder to achieve.

Amazia, Inc. (4424) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 1.48B
Dividend Yield: ―
Average Volume (3M): 210.22K
Price to Earnings (P/E): -13.0
Beta (1Y): 0.13
Revenue Growth: 18.87%
EPS Growth: ―
Country: Japan
Employees: 53
Sector: General
Sector Strength: 55
Industry: Software - Application

Amazia, Inc. Business Overview & Revenue Model

Company Description

Amazia, inc. is a global enterprise that develops, operates, and oversees digital manga applications. Its offerings include Manga BANG!, a primary service providing users with an extensive collection of manga, encompassing new releases, classic maste...

Amazia, Inc. Financial Statement Overview

Summary

Financial health is critically weak. Revenue has contracted for five straight years, gross margins have nearly halved to 20%, and the company remains unprofitable. Operating and free cash flows are deeply negative, indicating a severe cash burn. The only mitigating factor is a debt-free balance sheet, but declining equity raises solvency risks.

Income Statement

20Very Negative

Balance Sheet

30Negative

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021
Income Statement
Total Revenue	3.21B	2.84B	3.59B	4.65B	6.55B	7.51B
Gross Profit	848.55M	575.91M	963.75M	1.45B	2.35B	2.69B
EBITDA	-143.17M	-372.22M	-388.62M	14.51M	120.36M	296.00M
Net Income	-111.32M	-372.27M	-589.44M	-60.93M	41.24M	185.34M
Balance Sheet
Total Assets	1.48B	1.46B	1.95B	2.58B	2.86B	3.02B
Cash, Cash Equivalents and Short-Term Investments	307.22M	460.59M	928.51M	1.35B	1.73B	1.90B
Total Debt	0	0	0	0	0	0
Total Liabilities	663.18M	554.45M	670.61M	698.28M	822.88M	970.48M
Stockholders Equity	816.71M	907.10M	1.28B	1.88B	2.04B	2.05B
Cash Flow
Free Cash Flow	-452.65M	-452.65M	-376.52M	-233.09M	49.42M	223.70M
Operating Cash Flow	-451.53M	-451.53M	-336.37M	-160.08M	57.33M	224.13M
Investing Cash Flow	-16.39M	-16.39M	-83.39M	-196.97M	-130.30M	-25.89M
Financing Cash Flow	0	0	2.53M	-28.84M	-94.92M	7.37M

Amazia, Inc. Technical Analysis

Technical Analysis SentimentNegative

Last Price220.00

Price Trends

50DMA297.82Negative

100DMA305.91Negative

200DMA281.06Negative

Market Momentum

MACD-22.80Positive

RSI29.51Positive

STOCH18.31Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4424, the sentiment is Negative. The current price of 220.00 is below the 20-day moving average (MA) of 263.10, below the 50-day MA of 297.82, and below the 200-day MA of 281.06, indicating a bearish trend. The MACD of -22.80 indicates Positive momentum. The RSI at 29.51 is Positive, neither overbought nor oversold. The STOCH value of 18.31 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4424.

Amazia, Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:4424 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:4168	71Outperform	JPY 9.61B	8.54	―	1.95%	12.19%	30.65%
JP:4255	63Neutral	JPY 7.52B	17.49	―	―	20.26%	287.06%
JP:5580	62Neutral	JPY 2.79B	-48.05	―	―	11.59%	-147.44%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
JP:4174	46Neutral	JPY 4.45B	-11.57	―	2.74%	-1.83%	-1386.17%
JP:4199	46Neutral	JPY 1.76B	-5.32	―	―	-16.04%	-150.55%
JP:4424	27Underperform	JPY 1.47B	-12.99	―	―	18.87%	―

* General Sector Average

Performance Comparison

JP:4424 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:4424	Amazia, Inc.	220.00	-39.00	-15.06%
JP:4168	Yappli, Inc.	742.00	-271.68	-26.80%
JP:4174	Appirits Inc.	1040.00	379.18	57.38%
JP:4199	WonderPlanet Inc.	688.00	-30.00	-4.18%
JP:4255	THECOO Inc.	3475.00	2014.00	137.85%
JP:5580	Prodelight Co.,Ltd.	1616.00	142.00	9.63%

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 31, 2026

Amazia, Inc. AI Stock Analysis