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Boutiques, Inc. (9272) AI Stock Analysis

JP:9272

Boutiques, Inc.

(TSE/TYO:9272)

Select Model
Rating:70Outperform
Price Target:JPY 1,599.00â–²(4.10% Upside)
Action:upgraded
Date:09/18/26

The score is driven primarily by strong financial performance—especially durable free cash flow and solid growth—offset by margin/ROE variability. Technical signals are mostly neutral with a mildly weak tilt (negative MACD and price below longer-term averages), while valuation appears moderate at a ~19x P/E with no dividend data available.

Positive Factors
Strong multi-year revenue growthSharp revenue expansion across multiple years indicates sustained demand and growing business scale rather than a single-period increase. Continued top-line growth can broaden the operating base, support reinvestment, and strengthen the company’s ability to build durable earnings over the next several quarters.
Negative Factors
Recent margin compressionThe step-down in net profit margin shows that strong revenue growth has not translated consistently into peak-level profitability. If lower margins persist, they could limit earnings conversion, reduce the benefit of scale, and make future results more sensitive to operating execution.

Boutiques, Inc. (9272) vs. iShares MSCI Japan ETF (EWJ)

-5%0%5%10%15%20%25%30%JP:9272+14.88%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 15.04B
Dividend Yield
―
Average Volume (3M)
11.02K
Price to Earnings (P/E)
20.2
Beta (1Y)
0.71
Revenue Growth
0.32%
EPS Growth
210.73%
Country
Japan
Employees
234
Sector
General
Sector Strength
55
Industry
Specialty Business Services

Boutiques, Inc. Business Overview & Revenue Model

Company Description

Operating from its Tokyo, Japan headquarters since its incorporation in 2006, Boutiques, Inc. engages in three core business activities: organizing trade exhibitions, providing M&A brokerage services, and delivering human resources recruitment suppor...

Boutiques, Inc. Financial Statement Overview

Summary

Strong multi-year revenue expansion and consistently solid profitability are supported by robust, durable free cash flow. The main constraint is profitability volatility, with a notable net margin step-down around 2025 and some ROE cooling, despite an improving leverage trajectory.

Income Statement

78Positive

Balance Sheet

72Positive

Cash Flow

84Very Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue5.39B5.47B5.17B4.41B3.05B2.09B
Gross Profit4.44B4.57B4.26B3.79B2.63B1.87B
EBITDA617.88M1.67B903.72M1.11B981.67M589.00M
Net Income131.92M619.54M250.94M608.37M621.59M349.42M
Balance Sheet
Total Assets5.14B5.58B5.11B4.86B4.33B2.33B
Cash, Cash Equivalents and Short-Term Investments3.91B4.69B3.77B3.12B3.84B1.95B
Total Debt859.46M707.66M1.02B1.41B1.51B133.50M
Total Liabilities2.91B2.59B2.87B2.65B2.47B972.31M
Stockholders Equity2.23B2.99B2.24B2.21B1.85B1.36B
Cash Flow
Free Cash Flow01.36B1.46B734.79M693.56M807.56M
Operating Cash Flow01.40B1.59B774.30M835.79M878.72M
Investing Cash Flow0-90.98M-257.54M-833.21M-142.24M-105.19M
Financing Cash Flow0-299.87M-680.71M-660.01M1.20B-274.64M

Boutiques, Inc. Technical Analysis

Technical Analysis SentimentPositive
Last Price1536.00

Price Trends

50DMA1478.72Positive
100DMA1471.21Positive
200DMA1490.61Positive

Market Momentum

MACD20.35Positive
RSI52.25Neutral
STOCH49.45Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9272, the sentiment is Positive. The current price of 1536.00 is below the 20-day moving average (MA) of 1539.00, above the 50-day MA of 1478.72, and above the 200-day MA of 1490.61, indicating a neutral trend. The MACD of 20.35 indicates Positive momentum. The RSI at 52.25 is Neutral, neither overbought nor oversold. The STOCH value of 49.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9272.

Boutiques, Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:9272 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:7685JP:768578OutperformJPY 159.10B18.88―0.48%57.65%100.02%
JP:3092JP:309276OutperformJPY 1.03T21.0349.53%3.45%6.46%8.48%
JP:3093JP:309372OutperformJPY 43.20B12.32―2.50%15.52%22.34%
JP:9272JP:927270OutperformJPY 15.57B20.21――0.32%210.73%
JP:9270JP:927061NeutralJPY 22.90B7.15―2.70%25.71%349.09%
JP:4385JP:438558NeutralJPY 590.90B16.6429.94%―19.03%35.00%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

0%50%100%150%JP:9272JP:4385JP:3092JP:3093JP:7685JP:9270Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:9272 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:9272Boutiques, Inc.1536.00199.0014.88%
JP:4385Mercari 3573.001291.5056.61%
JP:3092ZOZO 1160.50-126.01-9.79%
JP:3093Treasure Factory Co., Ltd.1803.00166.8410.20%
JP:7685BuySell Technologies Co., Ltd.2582.00898.2253.35%
JP:9270Valuence Holdings, Inc.1667.00708.7573.96%
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: Sep 18, 2026