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Rebase, Inc.
(5138)
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Rating:56Neutral
Price Target:
¥466.00
▼(-47.05% Downside)
Action:Reiterated
Date:07/10/26
The score is primarily held back by a sharp decline in profitability and a major cash-flow reversal to negative free cash flow, despite ongoing revenue growth and a low-leverage balance sheet. Technicals also remain weak versus longer-term moving averages with a negative MACD, while valuation (P/E ~29.8 and no dividend yield) offers limited support.
Positive Factors
Sustained Revenue Growth
Multi-year revenue scaling (including +8.6% in the latest year) indicates continued market adoption and a growing user or customer base. That top-line momentum supports longer-term investment in product, distribution and R&D, underpinning durable growth prospects.
Negative Factors
Sharp Profitability Deterioration
A dramatic drop in net margin signals a structural hit to earnings quality and operating leverage. If cost intensity or one-off charges persist, the company’s ability to convert revenue growth into sustainable profits is impaired, limiting free cash generation and ROI.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Multi-year revenue scaling (including +8.6% in the latest year) indicates continued market adoption and a growing user or customer base. That top-line momentum supports longer-term investment in product, distribution and R&D, underpinning durable growth prospects.
Read all positive factors
Rebase, Inc. (5138) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.28B
Dividend YieldN/A
Average Volume (3M)18.94K
Price to Earnings (P/E)169.0
Beta (1Y)0.52
Revenue Growth12.22%
EPS Growth-96.26%
CountryJP
Employees50
SectorGeneral
Sector StrengthN/A
IndustryInternet Content & Information
Share Statistics
EPS (TTM)71.64
Shares Outstanding4,916,000
10 Day Avg. Volume49,760
30 Day Avg. Volume18,943
Financial Highlights & Ratios
PEG Ratio-0.50
Price to Book (P/B)2.32
Price to Sales (P/S)1.37
P/FCF Ratio-56.65
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)10.2
Revenue Forecast (FY)¥2.40B
Rebase, Inc. Business Overview & Revenue Model
Company Description
Rebase, Inc. operates a rental space reservation platform in Japan. It develops and operates instabase, an online marketplace platform that matches people who want to use the space with people who want to rent the space. Rebase, Inc. was incorpora...
Rebase, Inc. Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
86
Very Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.01B | 2.18B | 1.93B | 1.49B | 1.16B | 890.24M |
| Gross Profit | 1.94B | 2.07B | 1.85B | 1.43B | 1.14B | 871.80M |
| EBITDA | 491.15M | 146.35M | 529.56M | 370.29M | 274.37M | 216.14M |
| Net Income | 344.65M | 74.49M | 362.92M | 228.78M | 158.49M | 139.75M |
Balance Sheet | ||||||
| Total Assets | 1.78B | 2.27B | 1.96B | 1.47B | 1.08B | 796.28M |
| Cash, Cash Equivalents and Short-Term Investments | 1.20B | 1.19B | 1.54B | 1.12B | 792.63M | 553.48M |
| Total Debt | 0.00 | 100.00M | 0.00 | 0.00 | 0.00 | 97.48M |
| Total Liabilities | 529.84M | 988.85M | 581.85M | 495.57M | 339.03M | 383.20M |
| Stockholders Equity | 1.25B | 1.28B | 1.38B | 970.73M | 740.85M | 413.08M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -52.66M | 455.14M | 333.66M | 174.06M | 171.86M |
| Operating Cash Flow | 0.00 | 53.51M | 461.14M | 374.76M | 221.81M | 249.47M |
| Investing Cash Flow | 0.00 | -331.53M | -91.09M | -43.56M | -47.75M | -121.75M |
| Financing Cash Flow | 0.00 | -70.75M | 46.61M | 1.09M | 65.10M | 1.09M |
Rebase, Inc. Technical Analysis
Neutral
880.00
Price Trends
423.58
Positive
475.65
Negative
633.83
Negative
Market Momentum
10.11
Negative
57.91
Neutral
87.92
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:5138, the sentiment is Neutral. The current price of 880 is above the 20-day moving average (MA) of 443.15, above the 50-day MA of 423.58, and above the 200-day MA of 633.83, indicating a neutral trend. The MACD of 10.11 indicates Negative momentum. The RSI at 57.91 is Neutral, neither overbought nor oversold. The STOCH value of 87.92 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:5138.
Rebase, Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥29.51B | 12.17 | ― | 0.66% | 16.53% | 76.82% | |
66 Neutral | ¥6.96B | 22.08 | ― | ― | 6.06% | 1.12% | |
65 Neutral | ¥7.28B | 10.16 | ― | 1.76% | -6.94% | -37.68% | |
56 Neutral | ¥2.28B | 168.98 | ― | ― | 12.22% | -96.26% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ¥3.59B | -12.10 | ― | ― | 10.56% | -436.94% |
* General Sector Average
JP:5138
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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.