pluszero,Inc. (5132) AI Stock Analysis

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pluszero,Inc.

(TSE/TYO:5132)

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Rating:68Neutral

Price Target:JPY 2,001.00▲(12.54% Upside)

Action:reiterated

Date:09/11/26

Overall score reflects strong financial performance (rapid scaling, high 2025 margins/ROE, and very low leverage) offset by weak technical positioning (price below key moving averages with subdued RSI/Stoch) and a relatively high P/E with no dividend yield support.

Positive Factors

Rapid Revenue ScalingThe substantial multi-year revenue increase indicates that pluszero has expanded its commercial base and achieved meaningful business scale. If the enlarged revenue platform is retained, it can support operating leverage, broader investment capacity, and stronger competitive positioning over the coming quarters.

Negative Factors

Cash-Flow VolatilityAlthough recent cash generation is strong, the history of uneven operating and free cash flow shows that earnings do not always convert consistently into cash. Such swings can affect funding reliability and make internal investment capacity less predictable over the next several quarters.

pluszero,Inc. (5132) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 13.88B
Dividend Yield: ―
Average Volume (3M): 29.96K
Price to Earnings (P/E): 31.6
Beta (1Y): 0.85
Revenue Growth: 17.26%
EPS Growth: 41.01%
Country: Japan
Employees: 113
Sector: General
Sector Strength: 55
Industry: Software - Infrastructure

pluszero,Inc. Business Overview & Revenue Model

Company Description

Founded in 2018 and headquartered in Tokyo, Japan, pluszero, Inc. specializes in the creation, deployment, maintenance, and commercialization of integrated technological solutions within the Japanese market. Their offerings seamlessly blend artificia...

pluszero,Inc. Financial Statement Overview

Summary

Strong fundamentals driven by rapid revenue scaling and a clear profitability inflection: 2025 shows ~58.5% gross margin and ~23.7% net margin, with ROE ~24.2% and effectively no debt (2022–2025). Main risk is cash-flow consistency, as historical operating/free-cash-flow volatility suggests cash conversion can swing despite strong 2025 generation.

Income Statement

86Very Positive

Balance Sheet

92Very Positive

Cash Flow

74Positive

Financial statement breakdown
Breakdown	TTM	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Income Statement
Total Revenue	1.60B	1.55B	1.22B	894.07M	726.08M	507.62M
Gross Profit	962.47M	904.85M	701.76M	534.11M	439.45M	256.22M
EBITDA	616.90M	582.39M	290.03M	178.76M	136.91M	-72.45M
Net Income	372.85M	366.55M	153.87M	120.76M	120.64M	-79.22M
Balance Sheet
Total Assets	1.89B	1.85B	1.41B	1.17B	1.02B	252.45M
Cash, Cash Equivalents and Short-Term Investments	1.18B	1.19B	901.19M	762.48M	805.62M	138.66M
Total Debt	0	0	0	0	0	5.01M
Total Liabilities	295.45M	338.69M	285.04M	216.57M	199.21M	124.68M
Stockholders Equity	1.60B	1.52B	1.13B	949.29M	820.27M	127.77M
Cash Flow
Free Cash Flow	271.30M	271.30M	113.90M	399.00K	114.64M	-83.98M
Operating Cash Flow	433.19M	433.19M	204.25M	91.22M	114.64M	-83.20M
Investing Cash Flow	-161.90M	-161.90M	-90.35M	-142.62M	-11.92M	-780.00K
Financing Cash Flow	21.27M	21.27M	24.81M	8.27M	564.24M	-3.32M

pluszero,Inc. Technical Analysis

Technical Analysis SentimentNegative

Last Price1778.00

Price Trends

50DMA1942.14Negative

100DMA1909.23Negative

200DMA2110.26Negative

Market Momentum

MACD-25.57Positive

RSI41.06Neutral

STOCH34.23Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5132, the sentiment is Negative. The current price of 1778.00 is below the 20-day moving average (MA) of 1885.70, below the 50-day MA of 1942.14, and below the 200-day MA of 2110.26, indicating a bearish trend. The MACD of -25.57 indicates Positive momentum. The RSI at 41.06 is Neutral, neither overbought nor oversold. The STOCH value of 34.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:5132.

pluszero,Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:5132 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:4493	82Outperform	JPY 29.87B	31.46	―	0.17%	22.65%	74.18%
JP:3915	73Outperform	JPY 28.19B	13.77	―	0.73%	19.19%	93.45%
JP:4488	68Neutral	JPY 7.58B	19.45	―	―	6.94%	―
JP:5132	68Neutral	JPY 14.05B	31.56	―	―	17.26%	41.01%
JP:3850	66Neutral	JPY 15.50B	14.58	―	2.06%	23.85%	56.39%
JP:4434	62Neutral	JPY 22.31B	18.98	―	1.43%	23.79%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

JP:5132 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:5132	pluszero,Inc.	1778.00	-2232.00	-55.66%
JP:3850	NTT Data Intramart Corporation	3200.00	-398.96	-11.09%
JP:3915	TerraSky Co., Ltd.	2183.00	119.28	5.78%
JP:4434	Serverworks Co., Ltd.	2801.00	988.16	54.51%
JP:4488	AI inside, Inc.	1949.00	-1002.00	-33.95%
JP:4493	Cyber Security Cloud, Inc.	2946.00	1051.24	55.48%

pluszero,Inc. Corporate Events

Pluszero Boosts Profits as AI Services and Coding Shift Lift Margins

Sep 9, 2026

Pluszero, Inc. reported strong results for the third quarter of the fiscal year ending October 2026, with cumulative sales rising 17% year-on-year to 1.36 billion yen and operating profit climbing 29.4% to 509 million yen. Net profit also increased 2...

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: Sep 11, 2026

pluszero,Inc. AI Stock Analysis