CaSy Co.,Ltd. (9215) AI Stock Analysis

CaSy Co.,Ltd.

(TSE/TYO:9215)

Select Model

Rating:60Neutral

Price Target:JPY 981.00▲(0.62% Upside)

Action:reiterated

Date:08/04/26

The score is driven primarily by improving financial performance (strong revenue growth and a profitability turnaround), tempered by thin margins, increased leverage, and uneven free cash flow. Technicals are mildly supportive with price above key shorter moving averages and positive MACD, but the high P/E and lack of dividend support weigh on the overall rating.

Positive Factors

Revenue GrowthSharp multi-year revenue growth, notably ~114% in 2025, signals durable market demand and successful platform adoption. Sustained top-line expansion provides room to scale unit economics, amortize fixed costs, and fund customer acquisition and service coverage over the medium term.

Negative Factors

Thin Profit MarginsVery thin operating and net margins leave limited buffer against cost inflation or pricing pressure. Low margin structure constrains the ability to self-fund growth, increases sensitivity to small revenue or cost swings, and makes long-term profitability contingent on margin improvement.

CaSy Co.,Ltd. (9215) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 1.83B
Dividend Yield: ―
Average Volume (3M): 1,996
Price to Earnings (P/E): 50.2
Beta (1Y): 0.00
Revenue Growth: 16.55%
EPS Growth: 37.63%
Country: Japan
Employees: 74
Sector: General
Sector Strength: 55
Industry: Specialty Business Services

CaSy Co.,Ltd. Business Overview & Revenue Model

Company Description

CaSy Co., Ltd. provides housekeeping support services in Japan. The company offers home cleaning services, such as bathroom, kitchen, and room tidying; cooking services; including homemade meals, prepared meals, and home party menu; house cleaning co...

How the Company Makes Money

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CaSy Co.,Ltd. Financial Statement Overview

Summary

Strong multi-year revenue growth with a sharp acceleration in 2025 and a clear turnaround from losses to profitability. Offsetting this, profitability is still thin (2025 net margin ~2.4%, operating margin ~2.8%), leverage increased meaningfully in 2025 (debt-to-equity ~0.77), and free cash flow is inconsistent with 2025 effectively nil.

Income Statement

72Positive

Balance Sheet

63Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Nov 2025	Nov 2024	Nov 2023	Nov 2022	Nov 2021
Income Statement
Total Revenue	1.64B	1.92B	1.76B	1.55B	1.34B	1.17B
Gross Profit	602.74M	720.66M	668.20M	555.38M	465.74M	401.49M
EBITDA	52.85M	75.35M	21.03M	28.59M	38.56M	3.75M
Net Income	35.90M	46.93M	5.68M	21.07M	9.72M	3.06M
Balance Sheet
Total Assets	740.05M	703.76M	538.68M	486.94M	653.77M	476.11M
Cash, Cash Equivalents and Short-Term Investments	293.79M	351.20M	324.36M	349.46M	327.87M	169.78M
Total Debt	244.24M	212.31M	80.83M	70.00M	70.00M	70.00M
Total Liabilities	467.05M	429.39M	293.27M	247.21M	435.11M	423.76M
Stockholders Equity	273.00M	274.37M	245.41M	239.73M	218.66M	52.35M
Cash Flow
Free Cash Flow	0	45.71M	10.17M	21.60M	18.11M	595.00K
Operating Cash Flow	0	45.71M	27.43M	29.71M	35.82M	6.04M
Investing Cash Flow	0	-98.72M	-63.36M	-8.11M	-17.71M	-5.44M
Financing Cash Flow	0	79.85M	10.82M	0	139.98M	0

CaSy Co.,Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

JP:9215 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:2186	75Outperform	JPY 7.03B	13.87	―	3.69%	9.84%	23.02%
JP:299A	73Outperform	JPY 46.64B	17.99	―	―	―	―
JP:7320	71Outperform	JPY 16.04B	8.73	―	1.49%	14.52%	―
JP:9215	60Neutral	JPY 1.84B	50.15	―	―	16.55%	37.63%
JP:4484	58Neutral	JPY 4.48B	45.92	―	0.72%	20.67%	-37.51%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
JP:5035	50Neutral	JPY 2.40B	-7.83	―	0.89%	-6.07%	-348.97%

* General Sector Average

Performance Comparison

JP:9215 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:9215	CaSy Co.,Ltd.	975.00	-130.00	-11.76%
JP:2186	Sobal Corporation	894.00	16.31	1.86%
JP:4484	Lancers, Inc.	276.00	-13.09	-4.53%
JP:5035	HOUSEI Inc.	338.00	-117.50	-25.80%
JP:7320	Japan Living Warranty, Inc.	1343.00	-780.04	-36.74%
JP:299A	dely inc.	1083.00	-272.00	-20.07%

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: Aug 04, 2026

CaSy Co.,Ltd. AI Stock Analysis