| Valuation method | Value, ¥ | Upside, % |
|---|---|---|
| Artificial intelligence (AI) | 238.99 | -74 |
| Intrinsic value (DCF) | 1256.12 | 36 |
| Graham-Dodd Method | n/a | |
| Graham Formula | n/a |
BeMap, Inc. is a Japan-based mobile system integration company specializing in railway and public Wi-Fi infrastructure solutions. Operating in the Information Technology Services sector, BeMap provides customized timetable and route search services for railways, CMS for Wi-Fi, and authentication systems for public wireless LAN services. The company also offers cloud-based digital video recording, TV metadata services, and O2O (on-air to online to offline) solutions. Founded in 1998 and headquartered in Tokyo, BeMap serves telecommunication carriers, railway operators, and businesses requiring location-based digital services. With a market cap of ¥1.29 billion, the company plays a niche role in Japan's smart infrastructure ecosystem, leveraging its expertise in mobile integration and content management systems.
BeMap, Inc. presents a niche investment opportunity in Japan's mobile system integration market, with a focus on railway and public Wi-Fi solutions. The company reported ¥1.6 billion in revenue and ¥155.8 million in net income for FY 2024, with a diluted EPS of ¥46.97. However, negative operating cash flow (-¥159 million) raises liquidity concerns, despite a solid cash position (¥432.7 million) and manageable debt (¥96.4 million). The stock's low beta (0.128) suggests minimal correlation with broader market movements, making it a potentially stable but low-growth pick. Investors should weigh its specialized market positioning against limited dividend returns (¥0 per share) and cash flow challenges.
BeMap, Inc. operates in a highly specialized segment of Japan's IT services market, focusing on mobile integration for railways and public Wi-Fi. Its competitive advantage lies in its deep domain expertise in railway systems and CMS for Wi-Fi, which are critical for Japan's dense urban transit networks. The company's O2O solutions and TV metadata services further differentiate it from generic IT service providers. However, its small market cap (¥1.29 billion) limits its ability to compete with larger players in broader IT integration. BeMap's reliance on Japan's railway and telecom sectors also exposes it to sector-specific risks, including regulatory changes and infrastructure spending cycles. While its niche focus provides stability, the lack of international diversification and negative operating cash flow could hinder long-term growth prospects.