Added to YB: 2026-09-16
Pitch date: 2026-09-14
7094.T [neutral]
NexTone Inc.
Author Info
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Company Info
NexTone Inc. provides music copyright management and licensing solutions in Japan and internationally.
Market Cap
JPY 17.5B
Pitch Price
N/A
Price Target
N/A
Dividend
1.23%
EV/EBITDA
2.71
P/E
19.15
EV/Sales
0.29
Sector
Entertainment
Category
value
NexTone Inc. - $7094.T
7094.T (pass): NexTone was passed over because its eye-catching ~3x TEV/EBIT is a net-cash mirage: about 89% of its ¥11.1B cash balance is royalty float owed to rights holders, leaving an ordinary ~17.5x trailing P/E for a 15%-ROE business. Management also cut its mid-term revenue target 12% without explanation, while FY2026 copyright collections rose 12.2% but segment profit only 1.8%.
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