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PCA Corporation (9629) AI Stock Analysis

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JP:9629

PCA Corporation

(TSE/TYO:9629)

Select Model
Rating:79Outperform
Price Target:JPY 1,793.00▲(14.20% Upside)
Action:reiterated
Date:11/07/26

The score is driven primarily by strong financial quality (high margins, improving operating performance, and an exceptionally low-debt balance sheet), tempered by the sharp 2026 free-cash-flow decline and historical profit volatility. Valuation is supportive due to the high dividend yield and reasonable P/E, while technicals are mildly bullish but somewhat extended.

Positive Factors
Core Business SoftwarePCA serves essential back-office functions that businesses must maintain, including accounting and payroll. This creates recurring operational relevance and supports customer retention, while implementation and support services deepen relationships and provide additional avenues for durable revenue generation.
Negative Factors
Free Cash Flow DeclineThe sharp latest-year reduction in free cash flow weakens confidence that reported earnings are converting consistently into cash. If the pressure persists, PCA could have less internally generated funding for investment, shareholder returns, or other strategic priorities even while accounting profit remains healthy.

PCA Corporation (9629) vs. iShares MSCI Japan ETF (EWJ)

-40%-30%-20%-10%0%10%20%30%JP:9629-7.33%EWJ+15.75%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
JPY 31.44B
Dividend Yield
6.04%
Average Volume (3M)
33.87K
Price to Earnings (P/E)
15.2
Beta (1Y)
0.54
Revenue Growth
8.61%
EPS Growth
30.21%
Country
Japan
Employees
755
Sector
General
Sector Strength
55
Industry
Software - Application

PCA Corporation Business Overview & Revenue Model

Company Description

PCA Corporation is a Japanese software company specializing in the development and distribution of business management applications. The company offers a comprehensive suite of accounting solutions, encompassing features for bill management, consolid...

How the Company Makes Money

null

PCA Corporation Financial Statement Overview

Summary

Strong overall fundamentals: steady revenue growth through 2026, high gross margins (~61–66%), and improved operating margin versus 2023. Offsetting this, net profitability has been volatile across years and free cash flow dropped sharply in 2026 despite higher net income, reducing confidence in cash conversion stability.

Income Statement

78Positive

Balance Sheet

92Very Positive

Cash Flow

58Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue17.67B17.31B16.24B15.02B12.98B13.38B
Gross Profit10.74B10.57B10.23B9.64B8.05B8.81B
EBITDA2.60B2.74B2.91B2.52B1.46B2.82B
Net Income2.21B2.35B1.74B1.61B883.12M2.37B
Balance Sheet
Total Assets32.93B35.40B34.97B33.56B30.61B28.38B
Cash, Cash Equivalents and Short-Term Investments18.67B21.02B21.84B21.03B18.42B16.09B
Total Debt120.00M016.00M1.46M3.96M114.92M
Total Liabilities15.58B16.35B15.69B14.59B12.82B11.10B
Stockholders Equity17.30B19.00B19.17B18.82B17.57B17.08B
Cash Flow
Free Cash Flow01.21B2.67B3.23B2.53B3.37B
Operating Cash Flow01.43B2.85B3.46B2.64B3.68B
Investing Cash Flow0-2.52B-265.00M112.87M-308.48M708.28M
Financing Cash Flow0-1.84B-1.69B-457.41M-606.13M-254.20M

PCA Corporation Technical Analysis

Technical Analysis SentimentPositive
Last Price1570.00

Price Trends

50DMA1568.06Positive
100DMA1493.97Positive
200DMA1547.81Positive

Market Momentum

MACD8.73Negative
RSI51.07Neutral
STOCH64.35Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9629, the sentiment is Positive. The current price of 1570.00 is above the 20-day moving average (MA) of 1559.20, above the 50-day MA of 1568.06, and above the 200-day MA of 1547.81, indicating a bullish trend. The MACD of 8.73 indicates Negative momentum. The RSI at 51.07 is Neutral, neither overbought nor oversold. The STOCH value of 64.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9629.

PCA Corporation Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

JP:9629 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:9629JP:962979OutperformJPY 29.75B15.21―6.04%8.61%30.21%
JP:9928JP:992872OutperformJPY 61.98B12.80―2.69%6.09%5.50%
JP:4323JP:432371OutperformJPY 42.81B17.40―2.82%9.28%-6.81%
JP:4719JP:471966NeutralJPY 42.96B11.378.44%4.74%4.46%12.25%
JP:5588JP:558865NeutralJPY 6.72B27.78―0.62%25.25%-49.30%
JP:4397JP:439760NeutralJPY 5.68B15.27――23.50%2.72%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

-40%-20%0%20%JP:9629JP:4719JP:4323JP:4397JP:5588JP:9928Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
JP:9629 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:9629PCA Corporation1570.00-146.91-8.56%
JP:4719Alpha Systems Inc.3060.00-794.72-20.62%
JP:4323Japan System Techniques Co., Ltd.1738.00-533.78-23.50%
JP:4397TeamSpirit, Inc.352.00-179.00-33.71%
JP:5588Fast Accounting Co.,Ltd.600.00-673.23-52.88%
JP:9928Miroku Jyoho Service Co., Ltd.2230.00423.3223.43%

PCA Corporation Corporate Events

PCA Corporation Delivers Higher Sales but Sharply Lower Profits in First-Half Results

Oct 27, 2026

PCA Corporation reported consolidated net sales of ¥8.9 billion for the first half of the fiscal year ending March 31, 2027, up 8.3% year on year, but operating profit fell 34.7% to ¥790 million and profit attributable to owners of parent dropped 38....

PCA Restructures Subsidiaries to Build Integrated HR and Mental Health Platform

Sep 25, 2026

PCA Corporation has approved an absorption-type company split in which its subsidiary Xronos Inc. will take over the mental health support business of fellow subsidiary Dreamhop Co., Ltd., effective November 1, 2026. The reorganization consolidates D...

PCA Reorganizes Mental Health Business to Build Integrated HR Platform

Aug 25, 2026

PCA Corporation has approved a reorganization of its mental health support operations by transferring Dreamhop Co., Ltd.’s mental health support business to fellow subsidiary Xronos Inc. via an absorption-type company split, planned to take effect in...

PCA Corporation Posts Higher Q1 Sales but Sharp Profit Decline, Keeps Lower Outlook

Aug 7, 2026

PCA Corporation reported consolidated net sales of 4,332 million yen for the first quarter of the fiscal year ending March 31, 2027, a 9.1% increase year-on-year, while operating profit fell 33.6% to 391 million yen and profit attributable to owners...

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: Nov 07, 2026