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HENNGE K.K. (4475) AI Stock Analysis

8 Followers
JP:4475

HENNGE K.K.

(TSE/TYO:4475)

Select Model
Rating:83Outperform
Price Target:JPY 3,112.00â–²(20.39% Upside)
Action:reiterated
Date:11/11/26

The score is driven primarily by strong financial performance (profitability, balance-sheet strength, and robust free-cash-flow generation) and a clearly positive technical trend. These strengths are partially offset by a demanding valuation (high P/E and low dividend yield) and the recent slowdown in revenue growth.

Positive Factors
Strong SaaS and cloud-security business modelHENNGE operates in cloud security and identity/access management, with SaaS products covering authentication, access control, and related enterprise needs. This creates a focused software platform with recurring-use characteristics and multiple service capabilities around its core offering.
Negative Factors
Recent revenue growth decelerationThe sharp reduction in annual revenue growth is a material change in the company’s expansion profile. If the slower pace persists, HENNGE may have fewer opportunities to leverage its existing platform rapidly, making future earnings growth more dependent on execution and customer additions.

HENNGE K.K. (4475) vs. iShares MSCI Japan ETF (EWJ)

-50%-25%0%25%50%75%100%125%JP:4475+99.05%EWJ+15.75%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 77.55B
Dividend Yield
0.43%
Average Volume (3M)
1.28M
Price to Earnings (P/E)
43.1
Beta (1Y)
0.00
Revenue Growth
17.01%
EPS Growth
34.74%
Country
Japan
Employees
390
Sector
Technology
Sector Strength
61
Industry
Software - Infrastructure

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 (SSO)...

HENNGE K.K. Financial Statement Overview

Summary

High-quality fundamentals: strong multi-year revenue compounding with expanding profitability, a conservative balance sheet with very low leverage, and excellent/consistent free-cash-flow generation. The main watch item is the sharp deceleration in the latest revenue growth, which could limit incremental margin and cash flow upside if sustained.

Income Statement

86Very Positive

Balance Sheet

90Very Positive

Cash Flow

92Very Positive
Financial statement breakdown
BreakdownTTMSep 2026Sep 2025Sep 2024Sep 2023Sep 2022
Income Statement
Total Revenue12.30B12.78B10.92B8.36B6.78B5.65B
Gross Profit10.65B11.03B9.45B7.04B5.68B4.77B
EBITDA2.19B2.39B1.93B1.22B748.78M501.42M
Net Income1.66B1.79B1.36B827.41M508.83M321.17M
Balance Sheet
Total Assets12.15B13.04B10.74B8.29B6.29B5.21B
Cash, Cash Equivalents and Short-Term Investments7.83B7.88B7.32B6.33B4.59B4.05B
Total Debt161.64M156.54M148.15M000
Total Liabilities8.03B8.55B6.90B5.30B3.88B3.11B
Stockholders Equity4.28B4.71B3.89B2.99B2.42B2.09B
Cash Flow
Free Cash Flow02.92B2.70B1.87B1.14B748.20M
Operating Cash Flow02.98B2.73B1.93B1.23B776.74M
Investing Cash Flow0-1.48B-1.34B-34.83M-425.16M-119.78M
Financing Cash Flow0-1.16B-417.51M-150.98M-270.31M-100.00K

HENNGE K.K. Technical Analysis

Technical Analysis SentimentPositive
Last Price2585.00

Price Trends

50DMA1895.59Positive
100DMA1592.05Positive
200DMA1313.77Positive

Market Momentum

MACD147.27Negative
RSI65.29Neutral
STOCH86.47Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4475, the sentiment is Positive. The current price of 2585.00 is above the 20-day moving average (MA) of 2159.40, above the 50-day MA of 1895.59, and above the 200-day MA of 1313.77, indicating a bullish trend. The MACD of 147.27 indicates Negative momentum. The RSI at 65.29 is Neutral, neither overbought nor oversold. The STOCH value of 86.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4475.

HENNGE K.K. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:4475 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:3915JP:391586OutperformJPY 28.02B13.44―0.74%19.19%93.45%
JP:4475JP:447583OutperformJPY 89.75B43.11―0.43%17.01%34.74%
JP:4493JP:449379OutperformJPY 27.05B27.97―0.19%22.65%74.18%
JP:3040JP:304077OutperformJPY 54.60B17.1423.79%1.96%12.25%84.46%
JP:4417JP:441772OutperformJPY 129.67B58.64―0.50%25.18%85.59%
JP:4704JP:470472OutperformJPY 878.24B24.7028.87%2.75%6.86%14.89%
Sector *61Neutral$37.18B12.37-10.20%1.83%8.50%-7.62%

* Technology Sector Average

Performance Comparison

0%50%100%JP:4475JP:3040JP:4704JP:3915JP:4417JP:4493Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:4475 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:4475HENNGE K.K.2585.001235.6091.57%
JP:3040Soliton Systems KK2963.001137.1962.28%
JP:4704Trend Micro6717.00-847.78-11.21%
JP:3915TerraSky Co., Ltd.2170.00137.016.74%
JP:4417Global Security Experts Inc.8480.004933.58139.11%
JP:4493Cyber Security Cloud, Inc.2650.00800.1243.25%

HENNGE K.K. Corporate Events

HENNGE Sets 372,000-Share Third-Party Allotment

Nov 6, 2026

HENNGE K.K. said the designated underwriter will subscribe for all 372,000 shares in its third-party allotment at 1,735.60 yen per share, raising 645.6 million yen and increasing issued shares to 33,972,600. Combined net proceeds from the allotment a...

HENNGE Releases FY2026 Consolidated Financial Results

Nov 5, 2026

HENNGE K.K. released its fiscal 2026 consolidated financial results, but the provided text does not describe the company’s industry, products, or services.The release lists sections covering fiscal 2026 results, the fiscal 2027 forecast, growth strat...

HENNGE Approves JPY 8 Year-End Dividend

Nov 5, 2026

HENNGE K.K. is listed on the Tokyo Stock Exchange Prime Market under securities code 4475. The company’s board resolved to distribute a year-end dividend of JPY 8.00 per share for the fiscal year ended September 30, 2026, subject to shareholder appro...

HENNGE Reports Higher Fiscal 2026 Sales and Profit

Nov 5, 2026

HENNGE K.K., a Japanese cloud-security and identity-access services provider, reported higher fiscal 2026 revenue and profitability. Net sales rose 17.0% to ¥12.782 billion, operating profit increased 24.9% to ¥2.239 billion, and profit attributable...

HENNGE Upgrades TSE Listing to Prime Market, Eyes Next Growth Stage

Oct 19, 2026

HENNGE K.K. announced that its shares have transitioned from the Tokyo Stock Exchange Growth Market to the Prime Market, marking a significant upgrade in listing status and signaling confidence in its maturity and market presence. The move is expecte...

HENNGE Sets Terms for Share Offering to Fund Brand and Talent Investment

Oct 13, 2026

HENNGE K.K. has set the issue and selling prices for a new share issuance and secondary offering, including an over-allotment and third-party allotment, following a resolution by its board on October 2, 2026. The transactions, involving shares priced...

HENNGE Launches Share Offering to Fund Growth and Prime Market Shift

Oct 2, 2026

HENNGE K.K. has approved the issuance of 1,100,000 new shares through a public offering and a secondary offering to fund its growth strategy centered on HENNGE One. The proceeds will be directed toward advertising and brand-strengthening initiatives,...

HENNGE Wins Approval to Shift Listing to TSE Prime Market

Oct 2, 2026

HENNGE K.K., a Japanese cloud security specialist best known for its HENNGE One platform, develops technologies that help corporate customers safely adopt cloud services without sacrificing convenience. The company positions itself as an enabler of o...

HENNGE Completes Interim Review and Hikes Dividend Forecast for FY 2026

Oct 2, 2026

HENNGE K.K. has announced the completion of an interim review by certified public accountants of its quarterly consolidated financial statements for the nine months ended June 30, 2026, conducted in connection with a new share issuance and secondary...

HENNGE Doubles Annual Dividend Forecast on Solid Business Performance

Oct 2, 2026

HENNGE K.K. announced that its Board of Directors has approved a significant upward revision to the year-end dividend forecast for the fiscal year ended September 30, 2026. The planned year-end dividend per share has been raised from JPY 3.00 to JPY...

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: Nov 11, 2026