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3964.T Tokyo Stock Exchange Online Services

Aucnet Inc

¥1 420,00
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JPY
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Mcap
128,8B JPY
P/E
22,5x
EV / Rev
1,8x
Div yield
1,78 %
Op margin
11,6 %
ROE
4,7 %
Net margin
7,4 %
Debt / equity
0,00
Beta
52w range
Volume
Day range
Prev close
Open
Next earnings
Ex-dividend
TR 1Y
About

Aucnet Inc provides online auction services and related IT solutions, primarily generating revenue through transaction fees and subscription models.

Business. Aucnet Inc (3964.T) is a Japanese online services company operating within the Software & IT Services sector. The firm primarily generates revenue through advertising and transaction fees associated with its digital platforms. Headquartered in Japan, the company is listed on the Tokyo Stock Exchange under the ticker 3964.T. Specific operating segments and geographic breakdowns are not disclosed in the available data.

Classification92 %
SectorTechnology
Business sectorSoftware & IT Services
IndustryOnline Services
Generated · model-assisted
Sell-side consensus
BUY1 analysts
1 buy0 hold0 sell
Avg 12m price target1 415,00

Analyst recommendations

1 analysts · consensus Buy
Buy1
Hold0
Sell0
12-month price target
1 415,00
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
55
composite score
Valuation
22,5x
P/E
Analysts
Buy
1 analysts · indicative
Ownership
not yet wired
Profitability
4,7 %
return on equity
Quality
58
quality score (0-100)

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 3964.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,2 %+1,6 %+2,4 %
    Energy+1,2 %+5,3 %+1,4 %
    Real Estate+0,7 %+4,1 %+0,8 %
    Health Care+0,7 %−0,5 %+0,8 %
    Consumer Discretionary+0,3 %+8,7 %+0,5 %
    Information Technology · THIS SECTOR−0,3 %+6,6 %−0,1 %
    Financials−0,3 %−4,5 %−0,1 %
    Consumer Staples−1,0 %+3,0 %−0,8 %
    Utilities−1,5 %−21,2 %−1,3 %
    Industrials−1,7 %−2,3 %−1,6 %
    Communication Services

    Developing storylines

    No tracked sagas currently linked to 3964.T. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-07-07 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • 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

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Composite score55 / 100
    Composite score 0-100 · Data quality 0,58
    Data quality0,58 / 1.00

    Synthesis

    Business

    Aucnet Inc (3964.T) is a Japanese online services company operating within the Software & IT Services sector. The firm primarily generates revenue through advertising and transaction fees associated with its digital platforms. Headquartered in Japan, the company is listed on the Tokyo Stock Exchange under the ticker 3964.T. Specific operating segments and geographic breakdowns are not disclosed in the available data.

    Classification92 %
    SectorTechnology
    Business sectorSoftware & IT Services
    IndustryOnline Services
    AI synthesis
    GENERATED

    Aucnet Inc maintains a strong liquidity position, with cash and equivalents amounting to ¥17.59 billion, representing 39.36% of total assets. The company has no long-term debt, and its debt-to-equity ratio is 0.0, indicating a conservative capital structure. The current ratio of 2.09 suggests the company has sufficient short-term assets to cover its liabilities.

    Profitability metrics show a return on equity (ROE) of 4.73% and a return on assets (ROA) of 2.59%. These figures are below the typical thresholds for high-performing software and IT services firms, indicating that Aucnet Inc is generating moderate returns relative to its equity and asset base.

    Geographically, Aucnet Inc's revenue is concentrated in Japan, with no disclosed international segments. The company's business model is heavily reliant on the domestic auction and IT services market, which may limit its exposure to global growth opportunities.

    Looking ahead, Aucnet Inc is projected to maintain a stable revenue trajectory, with no significant growth or decline expected in the next fiscal year. The company's operating cash flow of ¥3.71 billion supports its capital expenditure of -¥252.24 million, indicating that it is reinvesting in its operations while maintaining positive cash flow.

    The risk assessment for Aucnet Inc indicates low liquidity and dilution risks. There are no immediate filing-based liquidity or dilution flags, and the company's capital structure remains stable with no long-term debt. The absence of dilution risk is further supported by the fact that basic and diluted shares outstanding are equal.

    Recent events and filings do not indicate any significant changes in the company's operations or financial strategy. Analyst estimates suggest a mean price target of ¥1,415, which is slightly below the current market price of ¥1,507. The mean recommendation of 2.00 (on a scale from 1 to 5) indicates a neutral stance from analysts, with one "buy" rating and no "strong buy" or "hold" ratings.

    Key takeaways
    • Aucnet Inc has a strong liquidity position with no long-term debt and a current ratio of 2.09.
    • The company's ROE and ROA are moderate, indicating room for improvement in profitability.
    • Revenue is concentrated in Japan, limiting exposure to international markets.
    • Analysts have a neutral outlook, with a mean price target slightly below the current market price.
    • The company faces low liquidity and dilution risks, with no immediate flags detected.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 3

    Operating margin of 11.6% is well above the 3.7% median for the Online Services cohort peers.

    The company maintains zero long-term debt, placing its leverage ratio in the top quartile of its peer group.

    Cash conversion of 3.2x is rated best-in-class compared to the 1.06x median for the Online Services cohort.

    BEAR CASE · 3

    Free cash flow declined 12.5% year-over-year to 3.1 billion JPY, suggesting potential cash generation headwinds.

    Return on equity of 4.7% remains modest, indicating limited capital efficiency despite strong profit growth.

    Analyst consensus price target of 1,415 JPY implies negligible upside from the current market price of 1,420 JPY.

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-05-12
    Q1 2026 · Quarter highlights

    Revenue ¥18.19B, +13,8% YoY; Operating income +3,4% YoY.

    Revenue¥18.19B+13,8 % YoY
    Operating income¥3.22B+3,4 % YoY
    Net income¥2.16B+7,2 % YoY
    Free cash flow
    EPS
    Operating cash flow
    Financials
    Income statement
    Revenue¥18.19B
    Gross profit¥7.51B
    Operating income¥3.22B
    Net income¥2.16B
    Margins
    Gross margin41.3%
    Operating margin17.7%
    Net margin11.9%
    FCF margin
    Balance sheet
    Total assets¥52.72B
    Total liabilities¥25.86B
    Total equity¥26.86B
    Cash & equivalents¥21.23B
    Long-term debt¥0.00
    P&L flow · revenue → net income
    Revenue ¥18.19BOperating costs ¥14.97BTax ¥1.06BNet income ¥2.16B
    Highlights
    • Revenue ¥18.19B, +13,8% YoY
    • Operating income +3,4% YoY
    • Net income +7,2% YoY
    • Net margin 11.9%

    Valuation TTM

    Market price
    ¥1 420,00
    Market cap
    ¥136.72B
    Enterprise value
    ¥119.13B
    P/E
    22.5x
    Non-GAAP P/E
    EV / Revenue
    1.8x
    EV / Op income
    13.9x
    EV / OCF
    32.1x
    P / B
    5.6x
    P / Tangible book
    5.6x
    Tangible book
    ¥24.52B
    Net cash
    ¥17.59B
    Current ratio
    2.1
    Debt / equity
    0.0
    ROA
    2.6%
    ROE
    4.7%
    Cash conversion
    320.0%
    CapEx / revenue
    -1.6%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    80,80
    Predicted surprise
    +0,00
    Beat probability
    45 %
    Analysts
    1
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-24 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate80,80
    Revenueno estimateno estimate71,3B JPY
    Operating incomeno estimateno estimateno estimate
    Full-year consensus mean (period as reported by source) · consensus in JPY. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-07-07

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution1 analysts
    Strong buy0
    Buy1
    Hold0
    Sell0
    Strong sell0
    12-month price target¥1 415,00 · Median ¥1 415,00
    Low ¥1 415,00High ¥1 415,00
    EPS surprise
    −19,6 %
    reported vs consensus · miss
    Revenue surprise
    −10,0 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low¥1 415,00
    Mean¥1 415,00
    Median¥1 415,00
    High¥1 415,00
    Spot¥1 420,00
    −0.4 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskLow
    Filing-based flags
    • No immediate filing-based liquidity or dilution flags were detected.

    Benchmarks vs cohort

    Op Margin11,6 %Above median
    Net Margin7,4 %Above median
    ROE4,7 %Above median
    Capex / Rev-1,6 %Above median
    D/E0,00Above P75
    Cash Conv3,20Best in class

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Return On Equity
      net_income / total_equity
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    Source documents
    • Aucnet Inc Market data — financials · 2026-05-26
    • Aucnet Inc Market data — analyst estimates · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    3964.TCanonical
    Tokyo Stock Exchange · JPY

    Intel & risk

    PredictorBeat prob45 %Surprise+0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-05-12 12:10 UTCEARNINGSQuarterly results — Q1 2026 Revenue JPY 18.19B · Net JPY 2.16B
    2026-02-13 09:35 UTCEARNINGSQuarterly results — Q4 2025 Revenue JPY 16.66B · Net JPY 1.36B
    2026-02-13 09:35 UTCEARNINGSAnnual results — FY 2026 Revenue JPY 64.14B · Net JPY 5.92B
    2025-11-11 12:00 UTCEARNINGSQuarterly results — Q3 2025 Revenue JPY 14.95B · Net JPY 859.5M
    2025-08-07 12:00 UTCEARNINGSQuarterly results — Q2 2025 Revenue JPY 16.55B · Net JPY 1.69B
    2025-05-13 12:00 UTCEARNINGSQuarterly results — Q1 2025 Revenue JPY 15.98B · Net JPY 2.01B
    2025-02-14 12:10 UTCEARNINGSQuarterly results — Q4 2024 Revenue JPY 15.47B · Net JPY 891.0M
    2025-02-14 12:10 UTCEARNINGSAnnual results — FY 2025 Revenue JPY 55.91B · Net JPY 4.49B
    2024-11-12 11:30 UTCEARNINGSQuarterly results — Q3 2024 Revenue JPY 13.87B · Net JPY 1.04B
    2024-08-08 12:15 UTCEARNINGSQuarterly results — Q2 2024 Revenue JPY 15.58B · Net JPY 1.16B
    2024-02-14 11:30 UTCEARNINGSAnnual results — FY 2024 Revenue JPY 43.30B · Net JPY 4.37B
    2023-02-14 11:30 UTCEARNINGSAnnual results — FY 2023 Revenue JPY 40.46B · Net JPY 4.35B
    2022-02-14 12:30 UTCEARNINGSAnnual results — FY 2022 Revenue JPY 36.71B · Net JPY 3.63B
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-07-07 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage