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For Startups, Inc. (7089) AI Stock Analysis

1 Followers
JP:7089

For Startups, Inc.

(TSE/TYO:7089)

Select Model
Rating:74Outperform
Price Target:JPY 1,534.00â–²(1.52% Upside)
Action:reiterated
Date:10/06/26

The score is driven primarily by strong financial performance (high and improving margins, strong ROE, and conservative leverage), tempered by historical volatility in growth and cash flow consistency. Technical signals are mixed with trend support but negative MACD, while valuation is moderately attractive on a low P/E.

Positive Factors
Revenue ReaccelerationThe sharp FY2026 revenue rebound indicates renewed business momentum and stronger operating scale after the prior slowdown. If maintained, this growth can broaden the company’s earnings base, support reinvestment, and strengthen its competitive position over the next several quarters.
Negative Factors
Volatile Growth and MarginsThe uneven history makes it harder to assume that FY2026 growth and margin expansion will persist. Results may remain sensitive to execution or business conditions, creating a risk that earnings quality and forward planning are less dependable than the latest figures suggest.

For Startups, Inc. (7089) vs. iShares MSCI Japan ETF (EWJ)

-20%0%20%40%60%80%JP:7089+54.89%EWJ+15.75%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 9.89B
Dividend Yield
―
Average Volume (3M)
28.72K
Price to Earnings (P/E)
8.9
Beta (1Y)
0.76
Revenue Growth
43.16%
EPS Growth
124.82%
Country
Japan
Employees
252
Sector
General
Sector Strength
55
Industry
Staffing & Employment Services

For Startups, Inc. Business Overview & Revenue Model

Company Description

for Startups, Inc. offers a platform dedicated to supporting burgeoning industries throughout Japan. The company commenced operations in 2016 and is based out of its headquarters in Tokyo.

For Startups, Inc. Financial Statement Overview

Summary

Strong overall fundamentals supported by high and improving profitability (net margin ~15.5% in FY2026 vs. ~9.6% in FY2025; operating margin ~21%) and conservative leverage (debt-to-equity ~0.15) with strong ROE (~29.7%). The main constraint is volatility across years (FY2025 slowdown and uneven cash flow history), which raises sustainability/consistency risk despite the FY2026 rebound.

Income Statement

86Very Positive

Balance Sheet

84Very Positive

Cash Flow

74Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue5.70B5.27B3.69B3.42B3.00B2.35B
Gross Profit4.51B4.16B3.01B2.67B2.44B1.84B
EBITDA1.40B1.16B528.01M479.17M601.43M521.37M
Net Income948.99M817.12M353.75M386.00M442.40M382.57M
Balance Sheet
Total Assets4.84B4.96B3.67B3.24B2.98B2.57B
Cash, Cash Equivalents and Short-Term Investments3.01B2.65B2.27B2.03B2.21B1.87B
Total Debt370.50M399.00M513.00M066.67M183.34M
Total Liabilities1.35B1.81B1.19B696.50M784.96M1.08B
Stockholders Equity3.04B2.75B2.17B2.21B1.79B1.32B
Cash Flow
Free Cash Flow01.07B-11.40M103.54M189.51M711.68M
Operating Cash Flow01.08B355.67M104.30M273.65M760.19M
Investing Cash Flow0-365.67M-252.50M-235.95M175.29M7.84M
Financing Cash Flow0-345.32M149.61M-43.19M-112.71M61.47M

For Startups, Inc. Technical Analysis

Technical Analysis SentimentPositive
Last Price1511.00

Price Trends

50DMA1438.12Positive
100DMA1506.68Positive
200DMA1391.66Positive

Market Momentum

MACD-4.66Negative
RSI60.50Neutral
STOCH85.99Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:7089, the sentiment is Positive. The current price of 1511.00 is above the 20-day moving average (MA) of 1413.65, above the 50-day MA of 1438.12, and above the 200-day MA of 1391.66, indicating a bullish trend. The MACD of -4.66 indicates Negative momentum. The RSI at 60.50 is Neutral, neither overbought nor oversold. The STOCH value of 85.99 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:7089.

For Startups, Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:7089 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:6539JP:653984OutperformJPY 24.12B24.25―5.73%1.27%-2.58%
JP:9346JP:934678OutperformJPY 6.89B12.00―3.40%11.54%3.08%
JP:7089JP:708974OutperformJPY 9.78B8.89――43.16%124.82%
JP:4377JP:437772OutperformJPY 44.60B19.45―1.06%41.09%72.01%
JP:3991JP:399169NeutralJPY 7.37B5.26―2.53%-8.80%33.17%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
JP:3900JP:390052NeutralJPY 9.55B-12.85――1.74%-199.70%

* General Sector Average

Performance Comparison

-25%0%25%50%JP:7089JP:3900JP:3991JP:4377JP:6539JP:9346Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:7089 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:7089For Startups, Inc.1511.00501.0049.60%
JP:3900CrowdWorks, Inc.601.00-274.00-31.31%
JP:3991Wantedly, Inc.790.00-356.06-31.07%
JP:4377ONE CAREER Inc.2363.00-235.99-9.08%
JP:6539MATCHING SERVICE JAPAN CO.LTD.978.0016.711.74%
JP:9346Cocorport,Inc.1882.00195.2411.57%

For Startups, Inc. Corporate Events

for Startups Approves ¥300 Million Treasury-Share Buyback

Nov 5, 2026

for Startups, Inc., listed on the Tokyo Stock Exchange Growth Market, announced that its board approved a treasury-share acquisition program. The company will purchase up to 220,000 common shares, representing 3.4% of issued shares excluding treasury...

Company Reports Record First-Half Results Despite Execution Pressures

Nov 5, 2026

The company operates in the human capital services industry and also serves as an intermediary for startup mergers and acquisitions. In the first half of fiscal 2027, it reported record first-half results, with net sales of 947 million yen, operating...

For Startups Reports Sharp First-Half Profit Growth

Nov 5, 2026

For Startups, Inc. reported consolidated net sales of ¥3.079 billion for the six months ended Sept. 30, up 36.4% year on year, while operating income rose 188.3% to ¥947 million. Ordinary profit increased 173.6% to ¥905 million, and profit attributab...

For Startups CEO Boosts Stake to Solidify Top Shareholder Position

Aug 12, 2026

For Startups, Inc. has disclosed that its Representative Director and CEO, Yuichiro Shimizu, will become the largest shareholder following incremental share purchases executed under discretionary trading agreements with a securities firm. His holding...

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: Oct 06, 2026