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Stock Analysis & ValuationRiskmonster.com (3768.T)

Professional Stock Screener
Previous Close
¥600.00
Sector Valuation Confidence Level
Moderate
Valuation methodValue, ¥Upside, %
Artificial intelligence (AI)969.8962
Intrinsic value (DCF)279.68-53
Graham-Dodd Method527.43-12
Graham Formulan/a

Strategic Investment Analysis

Company Overview

Riskmonster.com is a Japan-based company specializing in credit management, ASP cloud services, and business process outsourcing (BPO). Headquartered in Tokyo, the company provides corporate ratings backed by bankruptcy records, cloud-based solutions, and consulting services tailored for credit risk assessment and management. Its offerings include digital data creation, portfolio analysis, credit guarantee services, and anti-social checks, catering to businesses seeking robust financial risk mitigation. Additionally, Riskmonster.com operates a business portal offering groupware solutions and employee training support. Founded in 2000, the company has established itself as a key player in Japan's credit management and consulting services sector, leveraging technology to enhance corporate financial decision-making. With a market cap of approximately ¥3.75 billion, Riskmonster.com serves a niche yet critical segment of the Industrials sector, combining data-driven insights with cloud-based efficiency.

Investment Summary

Riskmonster.com presents a specialized investment opportunity in Japan's credit management and consulting services market. The company's diversified revenue streams—spanning ASP cloud services, BPO, and credit risk solutions—provide stability, though its modest net income (¥160.9 million) and high capital expenditures (¥-942.9 million) suggest aggressive reinvestment. With a low beta (0.669), the stock may offer defensive characteristics, but its small market cap limits liquidity. The dividend yield (~2.8% at current share price) adds appeal, but investors should weigh the competitive pressures in Japan's crowded BPO and fintech sectors. Operating cash flow (¥812.4 million) and a solid cash position (¥1.72 billion) mitigate near-term risks, yet growth depends on scaling its cloud offerings amid rising digital transformation demand.

Competitive Analysis

Riskmonster.com competes in Japan's credit management and BPO markets by combining niche expertise with cloud-based scalability. Its competitive edge lies in integrated services—from bankruptcy data-backed ratings to anti-social checks—which few rivals offer as a bundled solution. However, the company faces stiff competition from larger IT service providers and global credit bureaus. Its ASP/cloud services differentiate it from traditional consultancies, but adoption hinges on convincing SMEs to transition from legacy systems. The capital-intensive nature of its business (evidenced by high capex) could strain margins if revenue growth lags. Riskmonster.com's localization and regulatory familiarity in Japan provide a moat against foreign entrants, but domestic players with deeper pockets may replicate its hybrid credit-tech model. Its BPO segment, while profitable, competes on cost efficiency against offshore providers. Long-term success will depend on leveraging its proprietary data for AI-driven credit analytics, a space where incumbents like Tokyo Shoko Research dominate.

Major Competitors

  • WDB Holdings Co., Ltd. (4839.T): WDB Holdings provides similar BPO and IT outsourcing services, with a stronger focus on healthcare and life sciences. Its larger scale (market cap ~¥50 billion) grants superior resources, but lacks Riskmonster.com's credit-specific vertical integration. Weakness: Limited ASP/cloud offerings in credit management.
  • CyberAgent, Inc. (4751.T): A dominant player in digital advertising and cloud services, CyberAgent overlaps in ASP solutions but lacks Riskmonster.com's credit expertise. Strength: Vast R&D budget for tech innovation. Weakness: No dedicated credit risk or BPO services.
  • ITmedia Inc. (2148.T): Specializes in business media and SaaS for corporate clients, competing indirectly in information services. Strength: Strong brand recognition. Weakness: No credit management or bankruptcy data offerings.
  • Drecom Co., Ltd. (TSE: 3793): Provides digital content and BPO services, with a gaming and entertainment focus. Strength: High-growth sectors. Weakness: Irrelevant to Riskmonster.com's credit niche.
  • IBJ Inc. (TSE: 6071): A direct competitor in credit reporting and corporate background checks, IBJ boasts a broader client base. Strength: Established reputation. Weakness: Less emphasis on cloud-based solutions compared to Riskmonster.com.
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