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Caster Co. Ltd. (9331) AI Stock Analysis
Caster Co. Ltd.
(TSE/TYO:9331)
Caster scores at the low end of the range. The dominant concern is financial fragility: after years of losses and cash burn, the company has only just returned to marginal profitability (1.1% operating margin, ¥3 million net income) while revenue growth has flattened, equity has been eroded to ¥713 million, and leverage has risen to 0.82x equity with debt above five times EBITDA. The turn to positive free cash flow is encouraging but far too small to provide a cushion. Technicals compound the caution, with the stock trading below all major moving averages and a deeply negative MACD confirming a sustained downtrend, despite oversold readings that could spark a brief bounce. Valuation offers no support either, with a 315x P/E built on near-zero earnings and no dividend. The score reflects a business that is stabilizing but requires several more quarters of execution before it can be considered financially healthy.
Caster Co. Ltd. (9331) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 1.02B
- Dividend Yield
- ―
- Average Volume (3M)
- 2,440
- Price to Earnings (P/E)
- 292.7
- Beta (1Y)
- 0.11
- Revenue Growth
- -2.93%
- EPS Growth
- ―
- Country
- Japan
- Employees
- 458
- Sector
- Industrials
- Sector Strength
- 63
- Industry
- Staffing & Employment Services
Caster Co. Ltd. Business Overview & Revenue Model
Company Description
Caster Co.Ltd. operates within the human resources sector, providing a diverse range of solutions. Their offerings include virtual assistant services, talent recruitment, professional financial management, specialized workforce provision, and expert...
How the Company Makes Money
Caster Co. Ltd. generates revenue primarily by providing HR/recruiting and workforce-related services for companies seeking remote talent. Key revenue streams generally include (a) fees from client companies for recruiting/matching services when remo...
Caster Co. Ltd. Financial Statement Overview
Summary
Caster is an early-stage turnaround with a fragile financial profile. Revenue growth has stalled and slipped modestly to ¥4.45 billion after years of rapid expansion, and while gross margin improved to 38.3%, profitability is razor-thin — operating margin of just 1.1% and net income of only ¥3 million following four loss-making years out of five. The balance sheet has weakened: equity fell to ¥713 million as accumulated losses eroded capital, debt rose to ¥586 million, and debt-to-equity climbed to 0.82 with borrowings exceeding five times EBITDA. Cash flow turned positive for the first time (¥15 million free cash flow), a genuine inflection, but the absolute scale leaves almost no buffer for debt service or a downturn. Stabilizing, but unproven.
Income Statement
38NegativeBalance Sheet
42NeutralCash Flow
43Neutral| Breakdown | TTM | Aug 2026 | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.45B | 4.45B | 4.59B | 4.44B | 4.18B | 3.34B |
| Gross Profit | 1.64B | 1.70B | 1.62B | 1.77B | 1.62B | 1.28B |
| EBITDA | 80.76M | 111.00M | -319.68M | -171.00M | 28.11M | -150.32M |
| Net Income | 3.45M | 3.45M | -393.26M | -217.91M | 29.21M | -145.05M |
Balance Sheet | ||||||
| Total Assets | 1.98B | 1.98B | 1.87B | 2.46B | 1.88B | 2.09B |
| Cash, Cash Equivalents and Short-Term Investments | 1.23B | 1.23B | 1.18B | 1.64B | 1.52B | 1.79B |
| Total Debt | 585.83M | 585.83M | 462.74M | 525.61M | 130.00M | 361.11M |
| Total Liabilities | 1.26B | 1.26B | 1.16B | 1.35B | 836.52M | 1.08B |
| Stockholders Equity | 713.37M | 713.37M | 709.92M | 1.10B | 1.04B | 1.01B |
Cash Flow | ||||||
| Free Cash Flow | 0 | 14.87M | -374.11M | -156.43M | -40.29M | -128.37M |
| Operating Cash Flow | 0 | 17.38M | -371.91M | -153.60M | -31.87M | -128.10M |
| Investing Cash Flow | 0 | -93.55M | 18.44M | -296.73M | -11.03M | -275.00K |
| Financing Cash Flow | 0 | 125.20M | -69.48M | 570.92M | -234.82M | 730.51M |
Caster Co. Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9331, the sentiment is Negative. The current price of 550.00 is below the 20-day moving average (MA) of 609.05, below the 50-day MA of 673.98, and below the 200-day MA of 747.67, indicating a bearish trend. The MACD of -45.93 indicates Positive momentum. The RSI at 26.02 is Positive, neither overbought nor oversold. The STOCH value of 5.91 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9331.
Caster Co. Ltd. Peers Comparison
Overall Rating
JP:934678Outperform
JP:399171Outperform
JP:484869Neutral
JP:390059Neutral
JP:443344Neutral- JP:933140Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:9346 | 78Outperform | JPY 6.67B | 11.44 | ― | 3.53% | 11.54% | 3.08% |
| JP:3991 | 71Outperform | JPY 7.95B | 5.50 | ― | 2.39% | -8.80% | 33.17% |
| JP:4848 | 69Neutral | JPY 64.63B | 13.84 | ― | 3.45% | 32.94% | -2.29% |
| Sector * | 63Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
| JP:3900 | 59Neutral | JPY 10.40B | -14.10 | ― | ― | 1.74% | -199.70% |
| JP:4433 | 44Neutral | JPY 14.06B | 84.19 | ― | 4.76% | -2.31% | -80.42% |
| JP:9331 | 40Underperform | JPY 1.02B | 292.65 | ― | ― | -2.93% | ― |
* Industrials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:9331 | Caster Co. Ltd. | 518.00 | -212.00 | -29.04% | |
| JP:3900 | CrowdWorks, Inc. | 657.00 | -171.00 | -20.65% | |
| JP:3991 | Wantedly, Inc. | 836.00 | -255.25 | -23.39% | |
| JP:4433 | HITO-Communications Holdings, Inc. | 788.00 | -167.33 | -17.52% | |
| JP:4848 | Fullcast Holdings Co., Ltd. | 1854.00 | 222.93 | 13.67% | |
| JP:9346 | Cocorport,Inc. | 1811.00 | 172.43 | 10.52% |
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 16, 2026