Access Co Ltd
Access Co Ltd has a market price of 531 JPY, with a market cap of 19,895,556,852 JPY and a price-to-book ratio of 2.93, indicating a premium valuation relative to its book value [doc:HA-latest]. The company holds 5,407,627,000 JPY in cash and equivalents, but its operating cash flow is negative at -3,935,926,000 JPY, and free cash flow is also negative at -3,547,144,000 JPY, signaling liquidity constraints [doc:HA-latest]. The debt-to-equity ratio is 0.14, and the current ratio is 1.48, suggesting manageable short-term obligations but limited financial flexibility [doc:HA-latest]. Profitability is weak, with a net loss of 3,398,608,000 JPY and an operating loss of 3,228,255,000 JPY. Return on equity is -50.09%, and return on assets is -19.88%, both significantly below industry norms for software firms [doc:HA-latest]. Gross profit of 8,118,738,000 JPY is a positive, but it is insufficient to offset operating and net losses [doc:HA-latest]. The company operates in three segments: IoT, Web Platform, and Network. The IoT segment focuses on domestic IoT solutions, while the Web Platform segment operates in Germany, China, and South Korea. The Network segment is concentrated in the U.S., Canada, India, and Israel. Revenue concentration by geography is not disclosed, but the global footprint suggests exposure to multiple markets [doc:HA-latest]. Revenue for the latest period is 19,215,583,000 JPY, but no growth trajectory is evident from the data provided. Analysts reported a negative EPS of -90.53 JPY, and no forward-looking revenue guidance is available [doc:, ]. Risk factors include a low liquidity score and negative cash flows, though no immediate filing-based liquidity or dilution flags were detected. The company has a low dilution risk, with basic and diluted shares outstanding equal at 37,468,092 [doc:HA-latest]. Recent events include a negative ESG controversies score of 100.0, indicating high controversy risk, and a governance score of 58.5, suggesting moderate governance quality [doc:market data ESG controversies score, market data ESG governance pillar].
Business. Access Co Ltd provides IT solutions to mobile phone manufacturers, infrastructure operators, and service providers in e-book and advertising, operating in IoT, Web Platform, and Network segments [doc:HA-latest].
Classification. Access Co Ltd is classified in the Technology sector under Software & IT Services, with high confidence (0.92) based on verified market data [doc:verified market data].
- Access Co Ltd is valued at a premium to book but is unprofitable, with negative operating and net income.
- The company has a strong cash position but is generating negative operating and free cash flows.
- Return on equity and return on assets are significantly negative, indicating poor capital efficiency.
- The company operates in three global segments but lacks disclosed geographic revenue concentration.
- ESG controversies score is high, signaling potential governance and reputational risks.
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- # RATIONALES
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- No immediate filing-based liquidity or dilution flags were detected.