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TRaaS On Product Inc.
(6696)
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Rating:45Neutral
Price Target:
¥276.00
▼(-9.21% Downside)
Action:Reiterated
Date:07/09/26
The score is mainly constrained by weak financial performance, led by a return to operating/net losses and a shift back to negative operating and free cash flow, which raises execution and funding-risk concerns. Technicals are mixed (below longer-term averages but neutral RSI), providing limited support. Valuation is also pressured because the company is loss-making (negative P/E) and no dividend yield data is available.
Positive Factors
High gross margin
A 45.7% gross margin provides a structural cushion against input cost swings and supports recovery of operating profitability if SG&A and R&D are controlled. In communication equipment, sustained gross margins imply pricing power or a favorable product mix that can convert to durable operating improvement.
Negative Factors
Return to operating and net losses
Swinging back to negative EBIT and net margins undermines core profitability and signals weak operating leverage. Persistent losses reduce reinvestment capacity, impair management's ability to deliver returns, increase reliance on external funding, and raise execution risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margin
A 45.7% gross margin provides a structural cushion against input cost swings and supports recovery of operating profitability if SG&A and R&D are controlled. In communication equipment, sustained gross margins imply pricing power or a favorable product mix that can convert to durable operating improvement.
Read all positive factors
TRaaS On Product Inc. (6696) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.57B
Dividend YieldN/A
Average Volume (3M)18.69K
Price to Earnings (P/E)―
Beta (1Y)0.93
Revenue Growth-11.16%
EPS Growth-669.77%
CountryJP
Employees25
SectorGeneral
Sector StrengthN/A
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-5.15
Shares Outstanding4,826,991
10 Day Avg. Volume15,780
30 Day Avg. Volume18,693
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)5.40
Price to Sales (P/S)3.90
P/FCF Ratio-57.03
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
TRaaS On Product Inc. Business Overview & Revenue Model
Company Description
TRaaS On Product Inc. specializes in the development and sale of various devices that leverage artificial intelligence (AI) and the Internet of Things (IoT) to establish digital connections between people and physical objects. Among its diverse pr...
TRaaS On Product Inc. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
62
Positive
Cash Flow
38
Negative
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 485.94M | 411.49M | 310.96M | 496.49M | 404.57M |
| Gross Profit | 222.10M | 237.74M | 169.16M | 235.23M | 81.21M |
| EBITDA | 3.19M | 29.51M | -67.32M | -8.14M | -436.91M |
| Net Income | -61.63M | 2.35M | -85.81M | -16.80M | -517.84M |
Balance Sheet | |||||
| Total Assets | 564.30M | 542.47M | 513.34M | 527.91M | 298.88M |
| Cash, Cash Equivalents and Short-Term Investments | 279.25M | 314.85M | 330.10M | 388.68M | 120.10M |
| Total Debt | 151.67M | 60.00M | 60.23M | 158.62M | 61.98M |
| Total Liabilities | 213.39M | 130.40M | 105.23M | 200.01M | 89.71M |
| Stockholders Equity | 350.92M | 412.07M | 408.11M | 327.90M | 209.17M |
Cash Flow | |||||
| Free Cash Flow | -33.25M | 24.39M | -128.24M | -1.29M | -301.06M |
| Operating Cash Flow | -29.89M | 28.02M | -72.56M | 18.13M | -263.08M |
| Investing Cash Flow | -97.85M | -45.20M | -53.96M | 24.25M | 89.46M |
| Financing Cash Flow | 92.15M | 1.39M | 67.83M | 225.22M | -40.08M |
TRaaS On Product Inc. Technical Analysis
Positive
304.00
Price Trends
298.06
Positive
315.29
Positive
333.66
Negative
Market Momentum
8.38
Negative
61.08
Neutral
84.77
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6696, the sentiment is Positive. The current price of 304 is below the 20-day moving average (MA) of 311.65, above the 50-day MA of 298.06, and below the 200-day MA of 333.66, indicating a neutral trend. The MACD of 8.38 indicates Negative momentum. The RSI at 61.08 is Neutral, neither overbought nor oversold. The STOCH value of 84.77 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:6696.
TRaaS On Product Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥44.96B | 15.17 | ― | 4.56% | 0.84% | 22.33% | |
74 Outperform | ¥51.17B | 16.51 | ― | 2.10% | 4.53% | 36.26% | |
72 Outperform | ¥26.94B | 8.10 | 16.04% | 3.05% | >-0.01% | -7.51% | |
59 Neutral | ¥233.82B | 9.15 | 15.75% | 2.41% | -3.84% | 183.41% | |
56 Neutral | ¥6.29B | 27.19 | ― | 3.69% | -11.02% | 8.86% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
45 Neutral | ¥1.57B | -14.17 | ― | ― | -11.16% | -669.77% |
* General Sector Average
JP:6696
TRaaS On Product Inc.
328.00
-192.00
-36.92%
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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.