HENNGE K.K. (JP:4475)
:4475
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HENNGE K.K.
(4475)
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Rating:68Neutral
Price Target:
¥1,188.00
▼(-9.04% Downside)
Action:Reiterated
Date:02/06/26
Score is anchored by strong financial performance (high margins, improving profitability, low leverage, and solid cash generation), but is materially offset by very weak current technicals (below major moving averages with bearish momentum). Valuation is moderate for a software name, with a low dividend yield providing limited support.
Positive Factors
High, improving margins
Sustained very high gross margins and rising EBIT/net margins reflect durable SaaS economics and pricing power. Improved operating leverage through scale supports lasting profitability, higher cash generation and capacity to reinvest in product and go-to-market without eroding core margins.
Negative Factors
Uneven growth cadence
Intermittent revenue momentum, including a softer 2024, suggests demand or execution variability. For a subscription business this raises risk to predictable ARR expansion, complicates capacity planning and may limit the durability of top-line forecasts over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
High, improving margins
Sustained very high gross margins and rising EBIT/net margins reflect durable SaaS economics and pricing power. Improved operating leverage through scale supports lasting profitability, higher cash generation and capacity to reinvest in product and go-to-market without eroding core margins.
Read all positive factors
HENNGE K.K. (4475) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥33.74B
Dividend Yield0.39%
Average Volume (3M)546.35K
Price to Earnings (P/E)21.8
Beta (1Y)0.26
Revenue Growth22.45%
EPS Growth23.34%
CountryJP
Employees311
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)42.34
Shares Outstanding32,500,600
10 Day Avg. Volume584,820
30 Day Avg. Volume546,350
Financial Highlights & Ratios
PEG Ratio0.58
Price to Book (P/B)13.26
Price to Sales (P/S)4.72
P/FCF Ratio19.12
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
HENNGE K.K. Business Overview & Revenue Model
Company Description
Operating on a global scale, HENNGE K.K. specializes in providing various cloud-based security services. Their core product, HENNGE One, serves as a cloud-native identity and access management (IAM) platform, enabling streamlined single sign-on (S...
How the Company Makes Money
HENNGE K.K. primarily makes money by selling its software services on a subscription basis (software-as-a-service). Revenue is generated mainly from recurring fees paid by corporate customers for use of its cloud security/identity products (typica...
HENNGE K.K. Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
86
Very Positive
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.92B | 8.36B | 6.78B | 5.65B | 4.84B |
| Gross Profit | 9.45B | 7.04B | 5.68B | 4.77B | 4.02B |
| EBITDA | 1.93B | 1.22B | 748.78M | 501.42M | 392.20M |
| Net Income | 1.36B | 827.41M | 508.83M | 321.17M | 223.84M |
Balance Sheet | |||||
| Total Assets | 10.74B | 8.29B | 6.29B | 5.21B | 4.49B |
| Cash, Cash Equivalents and Short-Term Investments | 7.32B | 6.33B | 4.59B | 4.05B | 3.39B |
| Total Debt | 148.15M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 6.90B | 5.30B | 3.88B | 3.11B | 2.65B |
| Stockholders Equity | 3.89B | 2.99B | 2.42B | 2.09B | 1.84B |
Cash Flow | |||||
| Free Cash Flow | 2.70B | 1.87B | 1.14B | 748.20M | 505.20M |
| Operating Cash Flow | 2.73B | 1.93B | 1.23B | 776.74M | 526.93M |
| Investing Cash Flow | -1.34B | -34.83M | -425.16M | -119.78M | -25.36M |
| Financing Cash Flow | -417.51M | -150.98M | -270.31M | -100.00K | 17.83M |
HENNGE K.K. Technical Analysis
Negative
1306.00
Price Trends
1044.96
Negative
1022.17
Negative
1236.16
Negative
Market Momentum
-12.90
Positive
39.31
Neutral
14.64
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4475, the sentiment is Negative. The current price of 1306 is above the 20-day moving average (MA) of 1094.40, above the 50-day MA of 1044.96, and above the 200-day MA of 1236.16, indicating a bearish trend. The MACD of -12.90 indicates Positive momentum. The RSI at 39.31 is Neutral, neither overbought nor oversold. The STOCH value of 14.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4475.
HENNGE K.K. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥36.48B | 14.05 | 19.71% | 3.09% | 9.27% | 48.93% | |
78 Outperform | ¥33.18B | 20.69 | ― | ― | 13.54% | 54.38% | |
75 Outperform | ¥17.34B | 18.71 | ― | 0.17% | 29.37% | 66.06% | |
72 Outperform | ¥741.30B | 19.26 | 29.21% | 2.57% | 2.97% | 15.33% | |
70 Outperform | ¥50.37B | 31.92 | ― | 0.90% | 25.23% | 46.99% | |
68 Neutral | ¥33.74B | 21.79 | ― | 0.39% | 22.45% | 23.34% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:4475
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HENNGE K.K. Corporate Events
HENNGE Declares FY2026 Interim Dividend and Lifts Full-Year Payout Plan
May 7, 2026
HENNGE K.K. has approved an interim dividend from retained earnings with a record date of March 31, 2026, setting the payout at JPY 3.00 per share, for a total of JPY 94 million, with an effective payment date of June 12, 2026. The company reitera...
HENNGE Posts Double-Digit Revenue Growth and Raises Interim Dividend Plan
May 7, 2026
HENNGE K.K. reported consolidated net sales of ¥6.13 billion for the six months ended March 31, 2026, up 17.7% year on year, with operating and ordinary profit of ¥1.27 billion and profit attributable to owners of parent rising 11.7% to ...
HENNGE Releases Q2 FY2026 Results and Updates Growth Outlook
May 7, 2026
HENNGE K.K. released its consolidated financial results for the second quarter of the fiscal year ending September 2026. The company also provided an update on its progress toward the full-year forecast, outlining how current performance aligns wi...
HENNGE Sets Terms for New Employee Stock Option Issuance
May 1, 2026
HENNGE K.K. has approved the detailed terms for a new issuance of stock options to employees of the company and its subsidiary, following a March 19, 2026 board resolution. The program covers 3,232 stock acquisition rights in total, each exercisab...
HENNGE Executive Transfers Shares to Own Asset Management Firm, Keeps Major Holder Status
Apr 27, 2026
HENNGE K.K. announced a change in its major shareholders following a transaction by Representative Director and Executive Senior Vice President Kazuaki Miyamoto. Miyamoto sold a portion of his holdings in HENNGE to Yoimikan Asset Management, Inc.,...
HENNGE Issues Employee Stock Options to Support Long-Term Growth
Mar 19, 2026
HENNGE K.K. has approved the issuance of its 8th series of stock acquisition rights, granting up to 3,560 units tied to a maximum of 356,000 shares of common stock to employees of the company and its subsidiary. The options are intended as a non-c...
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.