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Smaregi, Inc.
(4431)
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Rating:83Outperform
Price Target:
¥4,532.00
▲(32.13% Upside)
Action:Reiterated
Date:07/29/26
Overall score is driven primarily by excellent fundamentals (strong growth and profitability, very low leverage) with only moderate concern around cash conversion variability. Technicals are supportive with the price above key moving averages, while valuation is the main offset due to a relatively elevated P/E and a low dividend yield.
Positive Factors
Rapid revenue growth and operating leverage
Rapid revenue expansion combined with improving margins indicates that Smaregi is gaining scale while strengthening profitability. This supports operating leverage, creates more resources for product and market investment, and can reinforce the company’s competitive position over the next several quarters.
Negative Factors
Variable cash conversion
Inconsistent conversion of accounting profit into operating cash flow introduces variability into the resources available for investment and capital allocation. Working-capital or timing effects can make reported earnings less immediately usable, requiring closer monitoring as the company continues to scale.
Read all positive and negative factors
Positive Factors
Negative Factors
Rapid revenue growth and operating leverage
Rapid revenue expansion combined with improving margins indicates that Smaregi is gaining scale while strengthening profitability. This supports operating leverage, creates more resources for product and market investment, and can reinforce the company’s competitive position over the next several quarters.
Read all positive factors
Smaregi, Inc. (4431) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥75.03B
Dividend Yield0.62%
Average Volume (3M)105.55K
Price to Earnings (P/E)30.4
Beta (1Y)0.46
Revenue Growth20.70%
EPS Growth56.44%
CountryJP
Employees477
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)131.63
Shares Outstanding19,693,800
10 Day Avg. Volume66,050
30 Day Avg. Volume105,550
Financial Highlights & Ratios
PEG Ratio0.58
Price to Book (P/B)4.79
Price to Sales (P/S)3.45
P/FCF Ratio16.81
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)149.23
Revenue Forecast (FY)¥15.59B
Smaregi, Inc. Business Overview & Revenue Model
Company Description
Smaregi, Inc. plans, designs, develops, and provides web services. The company also offers Smaregi, a cloud type POS cash register system; Smaregi Techfirm (SES), provides training activities such as education and support at Sumaregi; PAYGATE, a c...
Smaregi, Inc. Financial Statement Overview
Summary
Income Statement
92
Very Positive
Balance Sheet
96
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Apr 2026 | Apr 2025 | Apr 2024 | Apr 2023 | Apr 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.94B | 13.35B | 11.07B | 8.39B | 5.91B | 4.30B |
| Gross Profit | 9.27B | 8.77B | 6.76B | 5.20B | 3.57B | 2.64B |
| EBITDA | 4.43B | 3.78B | 2.72B | 1.95B | 1.11B | 744.27M |
| Net Income | 2.54B | 2.23B | 1.64B | 1.21B | 887.60M | 444.98M |
Balance Sheet | ||||||
| Total Assets | 13.86B | 14.08B | 10.75B | 7.96B | 6.18B | 5.20B |
| Cash, Cash Equivalents and Short-Term Investments | 7.66B | 8.14B | 5.91B | 5.28B | 3.96B | 3.51B |
| Total Debt | 100.00M | 100.00M | 100.00M | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 4.02B | 4.47B | 3.08B | 1.99B | 1.50B | 1.00B |
| Stockholders Equity | 9.83B | 9.61B | 7.67B | 5.97B | 4.68B | 4.20B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.74B | 1.79B | 1.35B | 806.71M | 116.59M |
| Operating Cash Flow | 0.00 | 3.12B | 2.47B | 1.71B | 986.44M | 222.99M |
| Investing Cash Flow | 0.00 | -606.77M | -1.92B | -393.08M | -310.73M | -84.51M |
| Financing Cash Flow | 0.00 | -288.35M | 82.22M | 8.84M | -447.94M | 17.21M |
Smaregi, Inc. Technical Analysis
Positive
3430.00
Price Trends
3389.30
Positive
2991.69
Positive
2763.33
Positive
Market Momentum
101.06
Negative
71.30
Negative
93.09
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4431, the sentiment is Positive. The current price of 3430 is below the 20-day moving average (MA) of 3438.25, above the 50-day MA of 3389.30, and above the 200-day MA of 2763.33, indicating a bullish trend. The MACD of 101.06 indicates Negative momentum. The RSI at 71.30 is Negative, neither overbought nor oversold. The STOCH value of 93.09 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4431.
Smaregi, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥75.03B | 30.43 | ― | 0.62% | 20.70% | 56.44% | |
78 Outperform | ¥7.87B | 15.33 | ― | 2.05% | 13.25% | 35.07% | |
75 Outperform | ¥9.08B | 14.51 | ― | 1.19% | 15.31% | 40.40% | |
73 Outperform | ¥14.02B | 8.72 | ― | 2.53% | -3.72% | 138.33% | |
69 Neutral | ¥653.23B | 25.91 | 21.67% | 1.98% | 13.19% | 25.73% | |
67 Neutral | ¥5.45B | 19.38 | ― | 2.71% | 6.91% | 94.01% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:4431
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Smaregi, Inc. Corporate Events
Smaregi to Take Over Casio Subsidiary’s NetRegi Cloud POS Business
Sep 25, 2026
Smaregi has agreed to take over the NetRegi business from CXD NEXT, a Casio Computer subsidiary, via a simplified absorption-type company split effective December 1, 2026. The transfer will include assets, liabilities and contractual positions rel...
Smaregi posts sharp profit growth and maintains upbeat full-year outlook
Sep 14, 2026
Smaregi reported strong consolidated results for the three months ended July 31, 2026, with net sales rising 19.7% year on year to ¥3,608 million and operating profit surging 73.3% to ¥1,027 million. Ordinary profit reached ¥1,022 m...
Smaregi Finalizes Terms for Director Stock Acquisition Rights
Aug 31, 2026
Smaregi, Inc. has finalized the terms for issuing paid stock acquisition rights as stock options to one of its directors, following a July 29, 2026 board resolution. The granted 3,000 stock acquisition rights will entitle the holder to acquire up ...
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.