Why is For Startups, Inc. ?
1
High Management Efficiency with a high ROE of 17.73%
2
Company has very low debt and has enough cash to service the debt requirements
3
Healthy long term growth as Net Sales has grown by an annual rate of 30.51% and Operating profit at 30.10%
4
With a growth in Net Profit of 518.52%, the company declared Outstanding results in Dec 25
- NET PROFIT(Q) At JPY 169.07 MM has Grown at 518.51%
- ROCE(HY) Highest at 28.28%
- NET SALES(Q) Highest at JPY 1,335.68 MM
5
With ROE of 15.19%, it has a expensive valuation with a 2.24 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 108.58%, its profits have risen by 16.7% ; the PEG ratio of the company is 0.9
How much should you buy?
- Overall Portfolio exposure to For Startups, Inc. should be less than 10%
- Overall Portfolio exposure to Computers - Software & Consulting should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Computers - Software & Consulting)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is For Startups, Inc. for you?
High Risk, Low Return
Absolute
Risk Adjusted
Volatility
For Startups, Inc.
108.58%
0.10
81.87%
Japan Nikkei 225
38.94%
1.30
28.24%
Quality key factors
Factor
Value
Sales Growth (5y)
30.51%
EBIT Growth (5y)
30.10%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-1.00
Sales to Capital Employed (avg)
1.47
Tax Ratio
25.37%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
153.82%
ROE (avg)
17.73%
Valuation Key Factors 
Factor
Value
P/E Ratio
15
Industry P/E
Price to Book Value
2.24
EV to EBIT
5.96
EV to EBITDA
5.09
EV to Capital Employed
429.91
EV to Sales
0.73
PEG Ratio
0.90
Dividend Yield
NA
ROCE (Latest)
7209.44%
ROE (Latest)
15.19%
Technical key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
Bearish
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
No Trend
No Trend
Technical Movement
33What is working for the Company
NET PROFIT(Q)
At JPY 169.07 MM has Grown at 518.51%
ROCE(HY)
Highest at 28.28%
NET SALES(Q)
Highest at JPY 1,335.68 MM
INTEREST COVERAGE RATIO(Q)
The company hardly has any interest cost
OPERATING PROFIT(Q)
Highest at JPY 307.13 MM
PRE-TAX PROFIT(Q)
Highest at JPY 260.93 MM
-9What is not working for the Company
INTEREST(HY)
At JPY 3.04 MM has Grown at 21.97%
DEBTORS TURNOVER RATIO(HY)
Lowest at 10.42 times
Here's what is working for For Startups, Inc.
Pre-Tax Profit
At JPY 260.93 MM has Grown at 637.41%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is very positive
Pre-Tax Profit (JPY MM)
Net Profit
At JPY 169.07 MM has Grown at 518.51%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is very positive
Net Profit (JPY MM)
Net Sales
Highest at JPY 1,335.68 MM and Grown
In each period in the last five periodsMOJO Watch
Near term sales trend is very positive
Net Sales (JPY MM)
Net Sales
At JPY 1,335.68 MM has Grown at 36.66%
Year on Year (YoY)MOJO Watch
Near term sales trend is very positive
Net Sales (JPY MM)
Operating Profit
Highest at JPY 307.13 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (JPY MM)
Pre-Tax Profit
Highest at JPY 260.93 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is positive
Pre-Tax Profit (JPY MM)
Here's what is not working for For Startups, Inc.
Interest
At JPY 3.04 MM has Grown at 21.97%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)
Debtors Turnover Ratio
Lowest at 10.42 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio






