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f-code Inc. (9211) AI Stock Analysis
f-code Inc.
(TSE/TYO:9211)
The company's strong financial performance, marked by explosive revenue growth and high-quality earnings, is the primary driver of the score. This is significantly tempered by weak technicals, as the stock is in a clear downtrend with bearish momentum indicators. A low P/E ratio provides some valuation support, but the negative price action weighs heavily on the near-term outlook.
f-code Inc. (9211) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 14.10B
- Dividend Yield
- ―
- Average Volume (3M)
- 152.16K
- Price to Earnings (P/E)
- 8.4
- Beta (1Y)
- 1.22
- Revenue Growth
- 80.07%
- EPS Growth
- 40.93%
- Country
- Japan
- Employees
- 489
- Sector
- Communication Services
- Sector Strength
- 60
- Industry
- Advertising Agencies
f-code Inc. Business Overview & Revenue Model
Company Description
Headquartered in Tokyo, Japan, f-Code Inc. specializes in providing digital services to businesses throughout the country, focusing on customer acquisition and development. A core offering is their CODE marketing cloud, a Software-as-a-Service (SaaS)...
How the Company Makes Money
f-code’s revenues are generated primarily by providing digital marketing/CX-related products and services to client companies. This typically includes fees for the use of its web-based tools (e.g., software/solutions used to improve on-site engagemen...
f-code Inc. Financial Statement Overview
Summary
Strong revenue growth and high free cash flow conversion are offset by margin compression and increased leverage. The overall financial profile is healthy but requires monitoring of operating efficiency and debt.
Income Statement
82Very PositiveBalance Sheet
70PositiveCash Flow
78Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.93B | 11.94B | 5.13B | 2.48B | 1.07B | 660.57M |
| Gross Profit | 8.88B | 7.13B | 2.75B | 1.40B | 593.29M | 402.83M |
| EBITDA | 2.64B | 2.11B | 1.24B | 711.17M | 172.44M | 163.69M |
| Net Income | 1.67B | 1.45B | 905.74M | 479.70M | 69.35M | 152.31M |
Balance Sheet | ||||||
| Total Assets | 30.09B | 26.45B | 21.82B | 10.98B | 3.28B | 843.31M |
| Cash, Cash Equivalents and Short-Term Investments | 9.41B | 8.09B | 6.24B | 4.04B | 977.96M | 601.58M |
| Total Debt | 13.80B | 13.04B | 7.53B | 5.72B | 1.96B | 178.03M |
| Total Liabilities | 24.95B | 19.71B | 15.72B | 7.66B | 2.59B | 351.45M |
| Stockholders Equity | 8.43B | 7.54B | 6.73B | 3.19B | 689.63M | 491.85M |
Cash Flow | ||||||
| Free Cash Flow | 0 | 1.33B | 911.38M | 860.21M | 96.70M | 99.83M |
| Operating Cash Flow | 0 | 1.35B | 916.49M | 878.18M | 120.51M | 102.92M |
| Investing Cash Flow | 0 | -4.46B | -2.88B | -3.40B | -1.44B | -16.47M |
| Financing Cash Flow | 0 | 4.93B | 4.16B | 5.59B | 1.69B | 189.17M |
f-code Inc. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9211, the sentiment is Negative. The current price of 1148.00 is below the 20-day moving average (MA) of 1332.45, below the 50-day MA of 1418.14, and below the 200-day MA of 1472.02, indicating a bearish trend. The MACD of -80.60 indicates Positive momentum. The RSI at 27.41 is Positive, neither overbought nor oversold. The STOCH value of 7.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9211.
f-code Inc. Peers Comparison
Overall Rating
JP:709577Outperform
JP:978272Outperform
JP:653571Outperform- JP:921165Neutral
JP:609448Neutral
JP:449941.5Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:7095 | 77Outperform | JPY 15.05B | 6.09 | ― | 5.36% | -5.30% | -13.86% |
| JP:9782 | 72Outperform | JPY 18.62B | 16.37 | ― | 7.36% | 4.57% | 22.38% |
| JP:6535 | 71Outperform | JPY 26.36B | 8.83 | ― | 5.92% | 2.87% | 0.67% |
| JP:9211 | 65Neutral | JPY 14.33B | 8.42 | ― | ― | 80.07% | 40.93% |
| Sector * | 60Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% |
| JP:6094 | 48Neutral | JPY 8.85B | 4.54 | ― | ― | 10.01% | ― |
| JP:4499 | 42Neutral | JPY 21.18B | -15.48 | ― | ― | 1.72% | -565.20% |
* Communication Services Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:9211 | f-code Inc. | 1148.00 | -858.00 | -42.77% | |
| JP:4499 | Speee, Inc. | 1832.00 | -825.00 | -31.05% | |
| JP:6094 | FreakOut Holdings, Inc. | 495.00 | 3.00 | 0.61% | |
| JP:6535 | i-mobile Co., Ltd. | 456.00 | -99.01 | -17.84% | |
| JP:7095 | Macbee Planet Inc | 1027.00 | -809.22 | -44.07% | |
| JP:9782 | DMS INC. | 3180.00 | 317.07 | 11.08% |
f-code Inc. Corporate Events
F-code Inc. Posts Strong Q2 Results and Ramps Up M&A-Led Growth Strategy
F-code Inc. reported strong results for the second quarter of fiscal 2026, with revenue reaching ¥8.20 billion, about 1.6 times year-on-year, and operating profit rising to ¥1.64 billion, roughly 1.4 times year-on-year. Management highlight...
F-code Delivers Strong First-Half Growth and Confirms 2026 Outlook
F-code Inc. reported strong interim results for the six months ended June 30, 2026, with revenue climbing 57.3% year on year to ¥8.2 billion and operating profit rising 41.6%. Profit attributable to owners of the parent grew 35.3%, lifting basic...
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 21, 2026