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DIGITAL HEARTS HOLDINGS Co., Ltd. (3676.T)

JPY736.00 +6.00 (+0.82%)
JP JPX Technology Information Technology Services
Address Tokyo Opera City Building 163-1441
Tokyo, JP
CEO Toshiya Tsukushi
IPO 2008-02-04
ISIN JP3765110006

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Description

DIGITAL HEARTS HOLDINGS Co., Ltd., operating with its subsidiaries, is engaged in a wide array of services primarily focused on quality assurance (debugging), media content, and various other IT solutions. The company delivers extensive testing and reporting services for a diverse range of games, including those for consumer markets, mobile platforms, online environments, and arcades. Additionally, they provide comprehensive, one-stop support for game creators aiming to penetrate overseas markets, offering services such as translation, linguistic quality assurance (LQA), and marketing assistance. Their expertise also extends to supporting content development, encompassing game creation and computer-generated (CG) video production. Furthermore, DIGITAL HEARTS HOLDINGS manages 4Gamer.net, a prominent website dedicated to distributing information on computer and online games, as well as hardware. This platform features news, video content, free trials, weekly publications, and other digital resources. The company's services also encompass testing for various IT software, including websites and operating systems, alongside developing solutions for artificial intelligence (AI) applications and test automation, and providing robust security services. Beyond this, they offer a full suite of IT services, from system development and ongoing maintenance to operational support for IT infrastructures. Established in Tokyo, Japan, in 2001, the company was formerly known as Hearts United Group Co., Ltd. before officially changing its name to DIGITAL HEARTS HOLDINGS Co., Ltd. in July 2018.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY736.00 +6.00 (+0.82%)
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Volume Profile
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Liquidity & share structure
Average Volume
85.1K
Beta
0.46
Float Shares
11.30M
Free Float %
50.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.37% -11.58% -15.70% -13.84% -23.05% -17.85% -16.37% -42.20% -48.72% -44.91% +123.98%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
736.00
DCF (Unlevered) 3,612.34 +390.8%
DCF (Levered) 5,394.81 +633.0%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM)
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.85
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Information Technology Services: +10.1%
    -2.1% Q1'26: +5.4% (vs Q1'25)
  • EPS growth Information Technology Services: +16.7%
    +87.6% Q1'26: +67.6% (vs Q1'25)
  • FCF margin FCF growth · Information Technology Services: +32.8%
    +8.0% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Information Technology Services: +9.0%
    +6.8% Q1'26: +2.9% (vs Q1'25)
  • ROIC Information Technology Services: +9.5%
    +20.2% Q1'26: +13.4% (vs Q1'25)
  • Share dilution Information Technology Services: +0.0%
    +0.1% Q1'26: 0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Information Technology Services: -0.83×
    1.59× Q1'26: 2.36× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.50) × ERP
WACC = 78% × Ke + 22% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 3,546.67 Current price: 736.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
13.29B
est: 13.50B (-1.6%)
15.01B
est: 15.60B (-3.8%)
15.44B
est: 15.70B (-1.6%)
17.35B
est: 17.60B (-1.4%)
19.25B
est: 19.80B (-2.8%)
21.14B
est: 21.90B (-3.5%)
22.67B
est: 22.80B (-0.6%)
29.18B
est: 29.20B (-0.1%)
36.52B
est: 36.70B (-0.5%)
38.79B
est: 39.33B (-1.4%)
39.75B
est: 41.00B (-3.1%)
39.59B
38.90B – 40.28B
-3.4% YoY
41.90B
41.90B – 41.90B
+5.8% YoY
45.70B
45.70B – 45.70B
+9.1% YoY
EBITDA
1.99B
est: 1.10B (+80.2%)
1.51B
est: 1.28B (+18.0%)
1.68B
est: 1.28B (+30.6%)
1.91B
est: 1.44B (+32.7%)
2.59B
est: 1.62B (+59.9%)
1.64B
est: 1.79B (-8.4%)
1.92B
est: 1.86B (+3.2%)
3.49B
est: 2.39B (+46.1%)
3.18B
est: 3.00B (+6.0%)
1.91B
est: 3.27B (-41.5%)
2.70B
est: 3.41B (-20.6%)
3.29B
3.23B – 3.35B
-3.4% YoY
3.48B
3.48B – 3.48B
+5.8% YoY
3.80B
3.80B – 3.80B
+9.1% YoY
EBIT
1.55B
est: 758.20M (+104.7%)
1.14B
est: 876.14M (+30.6%)
1.45B
est: 881.76M (+63.9%)
1.64B
est: 988.47M (+65.5%)
2.34B
est: 1.11B (+110.1%)
1.30B
est: 1.23B (+5.8%)
1.51B
est: 1.28B (+18.0%)
2.76B
est: 1.64B (+68.1%)
2.01B
est: 2.06B (-2.6%)
874.35M
est: 2.22B (-60.5%)
1.68B
est: 2.31B (-27.3%)
2.23B
2.19B – 2.27B
-3.4% YoY
2.36B
2.36B – 2.36B
+5.8% YoY
2.57B
2.57B – 2.57B
+9.1% YoY
Net Income
539.99M
est: 885.72M (-39.0%)
361.82M
est: 974.85M (-62.9%)
795.07M
est: 1.19B (-33.4%)
1.20B
est: 1.23B (-2.2%)
1.58B
est: 1.27B (+23.8%)
792.13M
est: 1.08B (-26.6%)
974.49M
est: 1.19B (-17.8%)
1.78B
est: 1.86B (-4.6%)
799.55M
est: 2.03B (-60.5%)
176.93M
est: 49.63M (+256.5%)
629.46M
est: 1.90B (-66.9%)
1.84B
1.80B – 1.89B
-3.0% YoY
2.16B
2.16B – 2.16B
+17.1% YoY
2.80B
2.80B – 2.80B
+29.7% YoY
SGA
2.43B
est: 2.71B (-10.4%)
2.36B
est: 3.14B (-24.9%)
2.60B
est: 3.16B (-17.8%)
3.17B
est: 3.54B (-10.5%)
3.86B
est: 3.98B (-3.1%)
4.18B
est: 4.40B (-5.1%)
4.52B
est: 4.58B (-1.3%)
5.69B
est: 5.87B (-3.1%)
7.63B
est: 7.38B (+3.4%)
8.06B
est: 7.83B (+3.0%)
7.71B
est: 8.16B (-5.5%)
7.88B
7.74B – 8.02B
-3.4% YoY
8.34B
8.34B – 8.34B
+5.8% YoY
9.10B
9.10B – 9.10B
+9.1% YoY
EPS
22.61
est: 39.75 (-43.1%)
15.72
est: 43.75 (-64.1%)
35.58
est: 53.60 (-33.6%)
55.14
est: 55.10 (+0.1%)
72.13
est: 57.10 (+26.3%)
36.31
est: 48.40 (-25.0%)
45.15
est: 53.20 (-15.1%)
82.25
est: 83.65 (-1.7%)
36.50
est: 90.90 (-59.8%)
7.94
est: 2.23 (+256.7%)
28.25
est: 85.30 (-66.9%)
82.73
80.68 – 84.79
-3.0% YoY
96.85
96.85 – 96.85
+17.1% YoY
125.60
125.60 – 125.60
+29.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-13 B+ 3/5 5/5 3/5 4/5 1/5 2/5 3/5
2026-05-12 B+ 3/5 5/5 3/5 4/5 1/5 2/5 3/5
2026-05-11 B+ 3/5 5/5 3/5 4/5 1/5 2/5 3/5
2026-05-08 B+ 3/5 5/5 3/5 4/5 1/5 2/5 4/5
2026-05-07 B+ 3/5 5/5 3/5 4/5 1/5 2/5 4/5
2026-05-01 B+ 3/5 5/5 3/5 3/5 1/5 2/5 4/5
2026-04-30 B+ 3/5 5/5 3/5 3/5 1/5 2/5 4/5
2026-04-28 B+ 3/5 5/5 3/5 3/5 1/5 2/5 4/5
2026-04-27 B+ 3/5 5/5 3/5 3/5 1/5 2/5 4/5
2026-04-24 B+ 3/5 5/5 3/5 3/5 1/5 2/5 4/5
2026-04-23 B+ 3/5 5/5 3/5 3/5 1/5 2/5 4/5
2026-04-22 B+ 3/5 5/5 3/5 3/5 1/5 2/5 4/5
2026-04-21 B+ 3/5 5/5 3/5 4/5 1/5 2/5 4/5
2026-04-20 B+ 3/5 5/5 3/5 4/5 1/5 2/5 4/5
2026-04-17 B+ 3/5 5/5 3/5 4/5 1/5 2/5 3/5
2026-04-16 B+ 3/5 5/5 3/5 4/5 1/5 2/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
80.72M
OE per share TTM
3.62
Owner's Yield
0.44%
Maintenance CapEx ratio
1.77%
Maint CapEx / Avg PPE
3.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 9 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Dimensional - International Small Cap ETF DFIS 0.00% 93.1K 0.39%
2 Amundi Japan TOPIX II UCITS ETF EUR Dist JPNU.L 0.00% 11.7K 0.45%
3 iShares Core TOPIX ETF 1475.T 0.00% 120.6K 0.05%
4 Dimensional - International Core Equity 2 ETF DFIC 0.00% 84.1K 0.22%
5 Avantis International Small Cap Equity ETF AVDS 0.00% 1.4K 0.30%
6 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 34.5K 0.28%
7 Avantis Responsible International Equity ETF AVSD 0.00% 455.58 0.23%
8 Dimensional International Sustainability Core 1 ETF DFSI 0.00% 0.24%
9 Dimensional - International Core Equity Market ETF DFAI 0.00% 0.18%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.40M
Shares Outstanding
22.30M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Hideto Itami Executive Officer, Chief Financial Officer, Division Manager of Business Development Division and GM of IR & PR Dept.
Juichi Takahashi Chief Testing Solution Officer
Kengo Iwanaga Executive Officer & Division Manager of Business Development Division
Kentaro Kanno Executive Officer, Division Manager of HR & General Affairs Division
Ryogo Hagiwara Executive Officer
Tomomichi Saito Executive Officer & Division Manager of Corporate Planning Division
Toshiya Tsukushi President, Chief Executive Officer & Representative Director male
Toshiyuki Takahashi Executive Officer, CAO & Division Manager of Administration Division
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits