3657.T
The company provides IT services and consulting, generating revenue primarily through software development, system integration, and IT infrastructure management.
Business. The company provides IT services and consulting, generating revenue primarily through software development, system integration, and IT infrastructure management.
At a glance
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- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
The company provides IT services and consulting, generating revenue primarily through software development, system integration, and IT infrastructure management.
The company's capital structure shows a debt-to-equity ratio of 0.9, indicating a moderate level of leverage. With cash and equivalents of 6,986,036,000 JPY and long-term debt of 7,600,000,000 JPY, the company has a net cash position of -613,964,000 JPY, which raises liquidity concerns. The current ratio of 1.21 suggests the company has sufficient short-term assets to cover its short-term liabilities, but the negative net cash position indicates potential liquidity stress.
Profitability metrics are concerning, with a return on equity of -41.33% and a return on assets of -15.58%. The company reported a net loss of 3,479,626,000 JPY and an operating loss of 3,577,294,000 JPY, indicating significant operational challenges. The gross profit margin of 22.93% is below the industry median, suggesting inefficiencies in cost management or pricing power.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic downturns or regulatory changes. The absence of segment-specific revenue data limits the ability to assess the company's strategic positioning.
The company's growth trajectory is mixed. While revenue of 48,837,730,000 JPY is in line with analyst estimates, the operating and net losses suggest declining profitability. The free cash flow of -3,568,934,000 JPY indicates the company is not generating sufficient cash to fund operations and capital expenditures, which could hinder future growth.
The company faces several risk factors, including liquidity constraints and operational losses. The risk assessment indicates a medium liquidity risk and a low dilution risk. The negative net cash position and operating losses suggest the company may need to raise additional capital, which could lead to dilution for existing shareholders.
Recent events include a significant earnings miss, with the last actual EPS of -98.41 JPY compared to the mean estimate of 5.70 JPY. This indicates a substantial gap between expectations and performance, which could affect investor sentiment and stock price volatility.
- The company has a negative net cash position, indicating potential liquidity stress.
- Profitability is severely underperforming, with a negative return on equity and assets.
- The company's revenue is not diversified by segment or geography, increasing risk exposure.
- Free cash flow is negative, suggesting the company is not generating sufficient cash to fund operations and growth.
- Recent earnings results significantly missed analyst estimates, raising concerns about management's ability to meet financial targets.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
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Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 5,70 |
| Revenue | —no estimate | —no estimate | 50,0B JPY |
| Operating income | —no estimate | —no estimate | —no estimate |
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
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- 3657.T Market data — financials · 2026-05-26
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