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circlace Inc
(5029)
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Rating:67Neutral
Price Target:
¥1,020.00
▲(25.93% Upside)
Action:Reiterated
Date:08/28/26
The score is anchored by improving revenue growth and profitability alongside a stronger, low-leverage balance sheet, but is held back materially by the latest year’s negative operating/free cash flow. Technicals add support with strong trend and momentum above major moving averages, while valuation appears moderate based on the ~19.9 P/E.
Positive Factors
Revenue Growth and Profitability Improvement
Re-accelerating revenue and a return to sustained profitability indicate improving demand and operating execution. This provides a stronger foundation for durable earnings growth, although the company still needs to convert that progress into higher margins.
Negative Factors
Negative Operating and Free Cash Flow
Negative operating and free cash flow despite positive net income creates a material quality-of-earnings concern. If the deterioration reflects persistent working-capital needs or reinvestment, funding requirements and execution risk could remain elevated.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth and Profitability Improvement
Re-accelerating revenue and a return to sustained profitability indicate improving demand and operating execution. This provides a stronger foundation for durable earnings growth, although the company still needs to convert that progress into higher margins.
Read all positive factors
circlace Inc (5029) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥3.47B
Dividend YieldN/A
Average Volume (3M)20.82K
Price to Earnings (P/E)19.9
Beta (1Y)0.44
Revenue Growth19.63%
EPS Growth20.28%
CountryJP
Employees370
SectorGeneral
Sector StrengthN/A
IndustrySoftware - Application
Share Statistics
EPS (TTM)39.18
Shares Outstanding4,387,361
10 Day Avg. Volume26,200
30 Day Avg. Volume20,816
Financial Highlights & Ratios
PEG Ratio1.06
Price to Book (P/B)2.05
Price to Sales (P/S)0.58
P/FCF Ratio-9.62
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
circlace Inc Business Overview & Revenue Model
Company Description
circlace Inc., founded in Tokyo, Japan, in 2012, specializes in empowering Japanese businesses through the implementation and ongoing management of cloud infrastructure, in addition to offering its own proprietary cloud solutions. The company prov...
circlace Inc Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
78
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.00B | 4.54B | 3.80B | 2.90B | 2.53B | 2.27B |
| Gross Profit | 1.88B | 1.97B | 1.75B | 1.44B | 1.25B | 1.21B |
| EBITDA | 225.43M | 330.14M | 230.84M | -71.08M | 98.54M | 162.64M |
| Net Income | 170.08M | 207.95M | 184.05M | -39.17M | 11.03M | 175.57M |
Balance Sheet | ||||||
| Total Assets | 1.65B | 1.87B | 1.82B | 1.54B | 1.15B | 719.51M |
| Cash, Cash Equivalents and Short-Term Investments | 319.67M | 536.91M | 833.35M | 807.96M | 675.35M | 289.86M |
| Total Debt | 196.89M | 128.23M | 211.46M | 224.46M | 127.61M | 200.00M |
| Total Liabilities | 769.30M | 601.23M | 893.30M | 751.98M | 338.94M | 499.65M |
| Stockholders Equity | 903.09M | 1.28B | 992.59M | 785.87M | 806.42M | 219.86M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -271.52M | 210.48M | 101.19M | -93.17M | 112.73M |
| Operating Cash Flow | 0.00 | -56.71M | 220.29M | 105.35M | -32.24M | 117.07M |
| Investing Cash Flow | 0.00 | -232.97M | -197.63M | -85.11M | -73.18M | -45.89M |
| Financing Cash Flow | 0.00 | -6.81M | 3.79M | 109.01M | 490.91M | -22.19M |
circlace Inc Technical Analysis
Positive
810.00
Price Trends
744.82
Positive
705.69
Positive
801.45
Positive
Market Momentum
18.92
Negative
70.43
Negative
96.76
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5029, the sentiment is Positive. The current price of 810 is above the 20-day moving average (MA) of 785.35, above the 50-day MA of 744.82, and above the 200-day MA of 801.45, indicating a bullish trend. The MACD of 18.92 indicates Negative momentum. The RSI at 70.43 is Negative, neither overbought nor oversold. The STOCH value of 96.76 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:5029.
circlace Inc Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥5.83B | 35.76 | ― | ― | 7.04% | -67.36% | |
68 Neutral | ¥3.31B | 61.12 | ― | ― | 23.30% | -71.34% | |
67 Neutral | ¥3.47B | 19.90 | ― | ― | 19.63% | 20.28% | |
67 Neutral | ¥3.82B | 7.57 | ― | ― | -13.15% | ― | |
67 Neutral | ¥2.90B | 27.10 | ― | ― | 27.26% | -27.11% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ¥1.97B | 2.95 | ― | ― | -57.12% | ― |
* General Sector Average
JP:5029
circlace Inc
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-17.25%
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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.