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ProjectHoldings.Inc.
(9246)
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Rating:58Neutral
Price Target:
¥2,283.00
▲(86.98% Upside)
Action:Reiterated
Date:10/02/26
The score is held back most by expensive valuation (P/E ~85), which increases downside risk if growth or margins disappoint. Offsetting that, financials improved in 2025 with a rebound in earnings and cash flow and meaningfully lower debt. Technically, the trend is strong (price well above moving averages, positive MACD), but extremely overbought readings raise the risk of a near-term pullback.
Positive Factors
2025 Revenue and Profit Recovery
The return to revenue growth and positive operating and net earnings indicates that the business recovered from its 2024 downturn. If this improvement persists, it can restore operating scale, support reinvestment, and provide a stronger base for earnings over the next several quarters.
Negative Factors
Uneven Revenue Demand
The sharp revenue decline followed by only a partial recovery shows that demand and execution have been inconsistent. Such uneven top-line performance makes forward planning less reliable and could limit operating leverage if growth does not become more stable across future periods.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 Revenue and Profit Recovery
The return to revenue growth and positive operating and net earnings indicates that the business recovered from its 2024 downturn. If this improvement persists, it can restore operating scale, support reinvestment, and provide a stronger base for earnings over the next several quarters.
Read all positive factors
ProjectHoldings.Inc. (9246) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥12.04B
Dividend YieldN/A
Average Volume (3M)1.70K
Price to Earnings (P/E)85.2
Beta (1Y)0.46
Revenue Growth14.76%
EPS GrowthN/A
CountryJP
Employees350
SectorGeneral
Sector StrengthN/A
IndustryConsulting Services
Share Statistics
EPS (TTM)25.74
Shares Outstanding5,487,450
10 Day Avg. Volume2,020
30 Day Avg. Volume1,703
Financial Highlights & Ratios
PEG Ratio-0.36
Price to Book (P/B)2.65
Price to Sales (P/S)1.09
P/FCF Ratio11.17
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)83.2
Revenue Forecast (FY)¥8.00B
ProjectHoldings.Inc. Business Overview & Revenue Model
Company Description
ProjectHoldings, Inc. delivers digital transformation services across Japan. Its consulting division aids clients in launching new ventures, refining existing operations, and boosting overall business efficiency through strategic digital initiativ...
ProjectHoldings.Inc. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.02B | 5.49B | 5.28B | 6.28B | 4.35B | 2.14B |
| Gross Profit | 2.35B | 1.98B | 1.55B | 2.24B | 1.79B | 995.72M |
| EBITDA | 343.51M | 290.77M | 9.79M | 1.03B | 1.01B | 530.62M |
| Net Income | 137.17M | 126.64M | -393.64M | 588.87M | 676.81M | 359.74M |
Balance Sheet | ||||||
| Total Assets | 4.41B | 4.63B | 5.54B | 5.71B | 4.29B | 2.78B |
| Cash, Cash Equivalents and Short-Term Investments | 1.76B | 2.10B | 2.62B | 2.77B | 2.22B | 2.25B |
| Total Debt | 961.98M | 1.23B | 2.23B | 2.24B | 673.09M | 280.07M |
| Total Liabilities | 2.12B | 2.37B | 3.30B | 3.06B | 1.48B | 696.37M |
| Stockholders Equity | 2.29B | 2.26B | 2.24B | 2.65B | 2.81B | 2.09B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 536.30M | -732.07M | 427.11M | 756.92M | 403.62M |
| Operating Cash Flow | 0.00 | 569.54M | -131.97M | 452.53M | 782.66M | 427.35M |
| Investing Cash Flow | 0.00 | 35.73M | 6.04M | -706.68M | -1.22B | -25.22M |
| Financing Cash Flow | 0.00 | -1.13B | -21.83M | 730.53M | 407.81M | 1.14B |
ProjectHoldings.Inc. Technical Analysis
Positive
1221.00
Price Trends
1153.86
Positive
1083.10
Positive
1103.80
Positive
Market Momentum
200.52
Negative
94.69
Negative
99.85
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9246, the sentiment is Positive. The current price of 1221 is below the 20-day moving average (MA) of 1267.50, above the 50-day MA of 1153.86, and above the 200-day MA of 1103.80, indicating a bullish trend. The MACD of 200.52 indicates Negative momentum. The RSI at 94.69 is Negative, neither overbought nor oversold. The STOCH value of 99.85 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9246.
ProjectHoldings.Inc. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥23.39B | 19.27 | ― | 4.15% | 13.97% | 21.04% | |
77 Outperform | ¥25.91B | 11.29 | ― | 2.09% | ― | ― | |
76 Outperform | ¥6.31B | 8.09 | ― | ― | 5.95% | 139.87% | |
74 Outperform | ¥10.65B | 9.27 | ― | 4.93% | 1.47% | -27.08% | |
58 Neutral | ¥12.04B | 85.24 | ― | ― | 14.76% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ¥22.35B | 43.42 | ― | ― | 20.41% | -62.47% |
* General Sector Average
JP:9246
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ProjectHoldings.Inc. Corporate Events
ProjectHoldings Posts Strong Profit Growth and Signals Robust 2026 Outlook
Aug 14, 2026
ProjectHoldings, Inc. reported consolidated net sales of ¥3,180 million for the first two quarters of fiscal 2026, up 20.0% year on year, with operating profit surging to ¥77 million and profit attributable to owners of parent rising to ...
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.