3962 Share Price | CHANGE Holdings, Inc. Stock Analysis & Recommendation

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

N/A

Shareholding

FII

N/A

DII

N/A

Promoter

N/A

Compare CHANGE Holdings, Inc. with Similar Stocks

Sansan, Inc.Appier Group, Inc.MIXI, Inc.

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

Negative results in Jun 26

OPERATING CASH FLOW(Y) Lowest at JPY 8,456 MM
NET SALES(Q) At JPY 10,887 MM has Fallen at -17.56%
PRE-TAX PROFIT(Q) At JPY 393 MM has Fallen at -85.46%

With ROE of 15.36%, it has a attractive valuation with a 1.46 Price to Book Value

Consistent Underperformance against the benchmark over the last 3 years

Mojo Parameters

Stock DNA

Industry

Software Products

Market cap

JPY 69,495 Million (Small Cap)

P/E

9.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

0.05

Return on Equity

15.44%

Price to Book

1.49

Revenue and Profits:

Net Sales:

10,887 Million

(Quarterly Results - Jun 2026)

Net Profit:

130 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

6.49%

6 Months

5.7%

1 Year

-16.44%

2 Years

-19.4%

3 Years

-45.24%

4 Years

-48.64%

5 Years

-56.29%

CHANGE Holdings, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

38.26%

EBIT Growth (5y)

27.33%

EBIT to Interest (avg)

80.81

Debt to EBITDA (avg)

Net Debt is too low

Net Debt to Equity (avg)

0.08

Sales to Capital Employed (avg)

0.64

Tax Ratio

35.46%

Dividend Payout Ratio

23.07%

Pledged Shares

Institutional Holding

ROCE (avg)

83.46%

ROE (avg)

19.84%

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

1.46

EV to EBIT

6.20

EV to EBITDA

5.03

EV to Capital Employed

1.42

EV to Sales

1.38

PEG Ratio

Dividend Yield

ROCE (Latest)

22.87%

ROE (Latest)

15.36%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bullish

Mildly Bullish

RSI

No Signal

Bollinger Bands

Mildly Bullish

Bearish

Moving Averages

Bullish (Daily)

KST

Bullish

Bearish

Dow Theory

No Trend

OBV

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot

No data for shareholding present.

Shareholding Compare (%holding)

No data for shareholding present.

Financial

[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Jun'26 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Jun 2026 is -3.65% vs -41.33% in Mar 2026",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Jun 2026 is -39.53% vs -95.99% in Mar 2026",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Jun'26",
        "Mar'26",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "10,887.00",
          "val2": "11,300.00",
          "chgp": "-3.65%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "1,173.00",
          "val2": "1,197.00",
          "chgp": "-2.01%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "154.00",
          "val2": "141.00",
          "chgp": "9.22%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "-28.00",
          "chgp": "100.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "130.00",
          "val2": "215.00",
          "chgp": "-39.53%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "42.60%",
          "val2": "50.90%",
          "chgp": "-0.83%",
          "chgp_class": "negative"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'26",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2026 is 13.88% vs 25.32% in Mar 2025",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2026 is -9.67% vs 81.69% in Mar 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'26",
        "Mar'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "52,827.00",
          "val2": "46,387.00",
          "chgp": "13.88%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "13,896.00",
          "val2": "15,013.00",
          "chgp": "-7.44%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "531.00",
          "val2": "329.00",
          "chgp": "61.40%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "-187.00",
          "val2": "-1,301.00",
          "chgp": "85.63%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "7,180.00",
          "val2": "7,949.00",
          "chgp": "-9.67%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "212.90%",
          "val2": "270.10%",
          "chgp": "-5.72%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]