Brains Technology, Inc.

4075.T · Technology · Software - Application · Valued as of 2026-11-03 · Statements 2024-07-31

How Each Value Is Built

The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.

What it is worth

EPV + Growth

18.47M USD

what the normal year's earnings are worth for ever, plus growth that pays

Profit

5.97M USD

15 years of cash the shareholders can take out, and the equity left at year 15

FCFF

11.08M USD

15 years of cash for shareholders and lenders, less what is owed

Average Intrinsic Value

11.84M USD

The plain average of EPV, Profit and FCFF

Against the price

Market Cap

53.45M USD

the price on the date above times the shares

Intrinsic Value ÷ Market Cap

0.22×

the ratio the screener ranks by

Margin of Safety

-351.4%

1 − Market Cap / Average Intrinsic Value

Projections, not exact values. Intrinsic Values are projected from each company's past reports. They show which stocks look cheap compared with the others, not exactly what a stock is worth.

Earnings power value plus growth: 18.47M USD
What the normal year's operating profit after tax is worth if it lasts for ever, plus what the new investment adds beyond its cost, less the net debt that comes before the shareholders (or plus the net cash).
①EPV (earnings power value)8.79M USD
+②Net Cash Today9.68M USD
+③Growth Value0 USD
=Value18.47M USD

EPV of the Operations (NOPAT over WACC)

8.79M USD

Net cash today

+9.68M USD

Growth Value

0 USD

Value

18.47M USD

①EPV (Earnings Power Value)

8.79M USD

②Net Cash Today

9.68M USD

③Growth Value

0 USD

Market value

Market Cap53.45M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-189.4%

1 minus the market cap as a share of the value.

Profit value: today's value of the shareholders' equity, from the cash it can pay them (FCFE): 5.97M USD
Fifteen years of free cash flow to equity (FCFE), each brought to today at the cost of equity, plus the equity at year 15 brought to today.
①Present Value of the 15 Years of FCFE1.65M USD
+②Equity at Year 15, Today4.32M USD
=Value5.97M USD
FCFE: the net income left for the shareholders once the business keeps what next year's growth needsEquity reinvestment: the part of the year's net income kept in the business to grow the next year; below zero, capital the business releases to the shareholdersPresent value of the FCFEColoured bars show the FCFE, grey bars the equity reinvestment. With a positive equity reinvestment the two stacked are the year's normalized income; with a negative one the grey is below zero, capital the business releases, and the normalized income is the FCFE plus that negative amount. Shaded, years 6 to 10: the growth falling to its long-run rate and the ROE on new investment rising to the cost of equity. Axes linear.

①Present Value of the 15 Years of FCFE

1.65M USD

②Equity at Year 15, Today

4.32M USD

Market value

Market Cap53.45M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-795.6%

1 minus the market cap as a share of the value.

FCFF value: today's value of the shareholders' equity, from the cash the firm can pay its shareholders and lenders (FCFF): 11.08M USD
Fifteen years of free cash flow to the firm (FCFF), each brought to today at the WACC, plus the invested capital at year 15 brought to today, less the net debt today (or plus the net cash).

The projection was not made (an FCFF at or below zero in the latest three years), so the value is the book value today, 11.08M USD, as the screener leaves it.

①Present Value of the 15 Years of FCFF

Not in the value

②Invested Capital at Year 15, Today

Not in the value

③Net Cash Today

Not in the value

Market value

Market Cap53.45M USD

The price on the date above times the shares.

Value vs market

Margin of Safety-382.3%

1 minus the market cap as a share of the value.

The Rates and the Capital the Values Read

The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.

WACC: 8.45%
Cost of Equity =Risk-Free Rate 4.50%+Beta 0.66×Market Risk Premium 6.00%= 8.45%

The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.

Tax Rate for WACC =Tax Provision 160.22K USDPretax Income 479.15K USD= 33.44%

The tax the interest saves.

Interest Expense =EBIT 480.53K USD−Pretax Income 479.15K USD= —

The interest the company paid: EBIT is the profit before tax plus the interest.

No interest is read: it needs debt and an EBIT above the profit before tax, the gap between them being the interest. Without it the cost of debt takes the 4% default.

Cost of Debt 4.00% (default): with no debt or no interest read, the 4% default after tax stands for what the lenders are paid a year.

Debt Weight =Total Debt 0 USDMarket Cap + Total Debt 53.45M USD + 0 USD= 0.00%

The part of the capital the lenders put in, at market value.

WACC =Equity Weight 100.00%×Cost of Equity 8.45%+Debt Weight 0.00%×Cost of Debt 4.00%= 8.45%

Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.

Book value and net debt today
Both from the balance sheet of the newest quarter, 2026-01-31.

Total Assets 13.48M USD − Total Liabilities 2.40M USD = Book Value Today 11.08M USD

Total Debt 0 USD − Cash and Short-Term Investments 9.68M USD = Net Debt Today -9.68M USD

The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.

Quality metrics
Read beside the value, never a condition for it: every company is valued, and a filter in the list is the reader's choice.
MetricFrom
Share dilutionShares Today ÷ Shares Two Years Back − 18.7%at most 5%does not pass5,840,000 / 5,374,100
Accrual quality(Operating Cash Flow − Net Income) ÷ Total Assets8.8%at least -10.0%passes(1.51M USD − 318.93K USD) ÷ 13.48M USD
Price to bookMarket Cap ÷ Book Value Today4.82×at most 3×does not pass53.45M USD ÷ 11.08M USD
Operating marginOperating Income ÷ Revenue7.3%above 10.0%does not pass480.35K USD ÷ 6.59M USD
Revenue growthRevenue ÷ Revenue a Year Before − 1-12.1%above 10.0%does not pass6.59M USD / 7.49M USD
Net cash(Cash − Total Debt) ÷ Market Cap18.1%above -30%passes(9.68M USD − 0 USD) ÷ 53.45M USD
Operating efficiencyOperating Income ÷ Gross Profit12.9%above 25.0%does not pass480.35K USD ÷ 3.71M USD

Market Data

The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.

Share price

1431.43 JPY

Enterprise value

6.70B JPY

the provider's own figure

EV / EBITDA

14.42×

Price / book

4.53×

the provider's book

Price / earnings

45.61×

Return on equity

11.0%

the provider's figure, not this page's

Profit margin

13.4%

Revenue growth

41.5%

Analyst target, mean

—

Analysts

—

opinions in the consensus

Financial Statements

The annual lines the screener holds, year by year, in USD at each period's rate; the figures this valuation read are in its calculation above.

Income statement (USD)202120222023202420252026

Revenue

——7.49M6.59M——

Gross profit

——4.84M3.71M——

Operating income

——1.16M480.35K——

EBITDA

operating income before depreciation and amortisation

——2.08M1.72M——

Pretax income

——1.15M479.15K——

Net income

——872.20K318.93K——

Normalized income

net income without one-off items, as the data provider prints it; Profit's line when printed

——872.20K318.93K——

R&D

——————
Balance sheet, year end (USD)202120222023202420252026

Total assets

15.01M12.76M13.06M12.20M——

Total liabilities

3.97M2.72M2.47M1.99M——

Shareholders' equity

the equity the parent's shareholders own, as printed, without minority interest; the book value the values read is total assets less total liabilities, in Book Value and Net Debt above

11.03M10.05M10.59M10.21M——

Total debt

1.11M599.85K99.56K39.34K——

Cash and equivalents

12.85M9.68M9.29M8.59M——

Net PP&E

fixed assets after depreciation

34.50K59.31K69.95K60.41K——

Working capital

current assets less current liabilities

10.76M8.46M8.38M7.68M——
Cash flow (USD)202120222023202420252026

Operating cash flow

2.03M1.00M1.96M1.51M——

Capital expenditure

paid out, so below zero

-638.68K-1.41M-1.56M-1.56M——

Depreciation and amortisation

537.62K615.46K922.84K1.24M——

Free cash flow

operating cash flow plus capital expenditure

1.39M-410.70K398.79K-54.22K——