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HeartCore Enterprises, Inc. (HTCR)

USD2.81 -0.09 (-3.10%)
JP NASDAQ Technology Software - Application
Address 1-2-33, Higashigotanda 141-0022
Tokyo, JP
CEO Sumitaka Yamamoto
IPO 2022-02-10
CIK 1892322 ISIN US42240Q2030

Explore sections of this company profile

Description

HeartCore Enterprises, Inc. operates as a software development company, specializing in providing Software as a Service (SaaS) solutions to enterprise clients across Japan and globally. Its core offering includes a robust customer experience management platform that integrates marketing, sales, service, and content management systems, along with various other tools and integrations. This platform is specifically designed to empower companies to elevate customer interactions and enhance overall engagement. Additionally, the company furnishes data analytics services, enabling enterprise businesses to build tailored web experiences for their clientele. HeartCore further supports its customers through a dedicated digital transformation business, which offers solutions like robotics process automation, process mining, and task mining to expedite enterprise-wide digital adoption. Founded in 2009, HeartCore Enterprises, Inc. is headquartered in Tokyo, Japan.

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
USD2.81 -0.09 (-3.10%)
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Volume Profile
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Liquidity & share structure
Average Volume
85.6K
Beta
1.62
Float Shares
17.5K
Free Float %
27.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-3.27% -16.35% -24.43% -97.48% -98.92% -97.82% -98.85% -99.45% -99.87% -99.87% -99.87%
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
2.81
Ratings Trend (MoM)
Rating 2025-11 Change
Strong Buy 0 0
Buy 0 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
-1.33
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Software - Application: +13.0%
    -70.5% Q1'26: -65.3% (vs Q1'25)
  • EPS growth Software - Application: +28.6%
    +411.2% Q1'26: +97.3% (vs Q1'25)
  • FCF margin FCF growth · Software - Application: +45.3%
    -34.8% Q1'26: -92.7% (vs Q1'25)
  • EBIT margin Software - Application: +9.4%
    -45.2% Q1'26: -123.7% (vs Q1'25)
  • ROIC Software - Application: +7.5%
    -171.5% Q1'26: -354.9% (vs Q1'25)
  • Share dilution Software - Application: +0.0%
    +21.6% Q1'26: +2,206.4% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    -0.19× Q1'26: -0.10× (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 (1.58) × ERP
WACC = 18% × Ke + 82% × Kd (11.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 2.81
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 Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Revenue
8.82M
est: 9.59M (-8.0%)
21.85M
est: 21.85M (+0.0%)
30.41M
est: 33.40M (-9.0%)
8.97M
est: 22.50M (-60.1%)
26.60M
26.60M – 26.60M
+18.2% YoY
EBITDA
-6.55M
est: -1.96M (-234.7%)
-4.16M
est: -4.46M (+6.6%)
-4.46M
est: -10.10M (+55.9%)
-4.01M
est: -6.80M (+41.1%)
-8.04M
-8.04M – -8.04M
-18.2% YoY
EBIT
-6.64M
est: -2.13M (-211.9%)
-4.85M
est: -4.85M (+0.1%)
-5.21M
est: -10.64M (+51.1%)
-4.05M
est: -7.17M (+43.5%)
-8.47M
-8.47M – -8.47M
-18.2% YoY
Net Income
-6.68M
est: -7.54M (+11.4%)
-4.19M
est: -4.40M (+4.7%)
-1.48M
est: 553.7K (-367.5%)
5.79M
est: -38.2K (+15,271.6%)
114.6K
114.6K – 114.6K
+400.0% YoY
SGA
9.41M
est: 5.06M (+85.8%)
10.50M
est: 11.53M (-9.0%)
9.14M
est: 19.61M (-53.4%)
6.08M
est: 13.21M (-54.0%)
15.62M
15.62M – 15.62M
+18.2% YoY
EPS
-152.00
est: -0.36 (-42,122.2%)
-84.00
est: -0.21 (-39,900.0%)
-28.28
est: 8.70 (-425.1%)
100.00
est: -0.60 (+16,766.7%)
1.80
1.80 – 1.80
+400.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-15 B+ 3/5 1/5 5/5 5/5 3/5 3/5 1/5
2026-05-14 A 4/5 1/5 5/5 5/5 3/5 4/5 4/5
2026-05-13 A 4/5 1/5 5/5 5/5 3/5 4/5 4/5
2026-05-12 A 4/5 1/5 5/5 5/5 3/5 4/5 4/5
2026-05-11 A 4/5 1/5 5/5 5/5 3/5 4/5 4/5
2026-05-08 A 4/5 1/5 5/5 5/5 3/5 4/5 5/5
2026-05-07 A 4/5 1/5 5/5 5/5 3/5 4/5 5/5
2026-05-06 A 4/5 1/5 5/5 5/5 3/5 4/5 5/5
2026-05-05 A 4/5 1/5 5/5 5/5 3/5 4/5 5/5
2026-05-04 A 4/5 1/5 5/5 5/5 3/5 4/5 5/5
2026-05-01 A 4/5 1/5 5/5 5/5 3/5 4/5 5/5
2026-04-30 A 4/5 1/5 5/5 5/5 3/5 4/5 5/5
2026-04-29 A 4/5 1/5 5/5 5/5 3/5 4/5 5/5
2026-04-28 A 4/5 1/5 5/5 5/5 3/5 4/5 5/5
2026-04-27 A 4/5 1/5 5/5 5/5 3/5 4/5 5/5
2026-04-24 A 4/5 1/5 5/5 5/5 3/5 4/5 5/5
2026-04-23 A 4/5 1/5 5/5 5/5 3/5 4/5 5/5
2026-04-22 A 4/5 1/5 5/5 5/5 3/5 4/5 5/5
2026-04-21 A 4/5 1/5 5/5 5/5 3/5 4/5 5/5
2026-04-20 A 4/5 1/5 5/5 5/5 3/5 4/5 5/5
2026-04-17 A 4/5 1/5 5/5 5/5 2/5 4/5 5/5
2026-04-16 A 4/5 1/5 5/5 5/5 2/5 4/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-6.92M
OE per share TTM
-77.95
Owner's Yield
-204.50%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
22.7%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
4
Total invested
33.2K
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
4
-8 vs prev Q
New positions
0
Closed positions
8
Increased
0
Reduced
2
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 CITADEL ADVISORS LLC 117.0K +117.0K (+100.0%) 35.7K +35.7K (+100.0%) 0.50% +0.502 pp 0.00% +0.000 pp USD0.31 +0.0% 1 qtrs NEW
2 JANE STREET GROUP, LLC 113.2K +52.2K (+85.7%) 34.5K -14.8K (-30.0%) 0.49% +0.210 pp 0.00% +0.000 pp USD0.58 -46.6% 2 qtrs
3 BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY 100.0K +100.0K (+100.0%) 30.5K +30.5K (+100.0%) 0.43% +0.429 pp 0.01% +0.006 pp USD0.31 +0.0% 1 qtrs NEW
4 XTX TOPCO LTD 92.1K +92.1K (+100.0%) 28.1K +28.1K (+100.0%) 0.40% +0.395 pp 0.00% +0.001 pp USD0.31 +0.0% 4 qtrs
5 RENAISSANCE TECHNOLOGIES LLC 20.8K +20.8K (+100.0%) 6.3K +6.3K (+100.0%) 0.09% +0.089 pp 0.00% +0.000 pp USD0.31 +0.0% 1 qtrs NEW
6 GROUND SWELL CAPITAL, LLC 15.6K +15.6K (+100.0%) 4.8K +4.8K (+100.0%) 0.07% +0.067 pp 0.01% +0.010 pp USD0.31 +0.0% 1 qtrs NEW
7 PROSPERITY FINANCIAL GROUP, INC. 15.0K +— (+0.0%) 4.6K -7.6K (-62.3%) 0.06% -0.004 pp 0.00% -0.003 pp USD0.96 -67.7% 12 qtrs
8 GEODE CAPITAL MANAGEMENT, LLC 12.2K +— (+0.0%) 3.7K -6.1K (-62.3%) 0.05% -0.003 pp 0.00% +0.000 pp USD1.43 -78.3% 11 qtrs
9 IHT WEALTH MANAGEMENT, LLC 11.0K +— (+0.0%) 3.4K -5.5K (-62.3%) 0.05% -0.003 pp 0.00% 0.000 pp USD0.81 -61.7% 2 qtrs
10 SUSQUEHANNA INTERNATIONAL GROUP, LLP 10.6K +10.6K (+100.0%) 3.2K +3.2K (+100.0%) 0.05% +0.045 pp 0.00% +0.000 pp USD0.31 +0.0% 1 qtrs NEW
11 UBS GROUP AG 9.6K +8.3K (+633.2%) 2.9K +1.9K (+176.1%) 0.04% +0.035 pp 0.00% +0.000 pp USD0.33 -6.1% 3 qtrs
12 SBI SECURITIES CO., LTD. 276.00 -12.0 (-4.2%) 84.00 -149.0 (-63.9%) 0.00% 0.000 pp 0.00% +0.000 pp USD1.29 -76.0% 5 qtrs
13 VIRTU FINANCIAL LLC -44.8K (-100.0%) -36.0K (-100.0%) 0.00% -0.203 pp 0.00% -0.002 pp USD 3 qtrs SOLD
14 HRT FINANCIAL LP -73.8K (-100.0%) -59.0K (-100.0%) 0.00% -0.334 pp 0.00% 0.000 pp USD 2 qtrs SOLD
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Ratio by volume
0.00
Bearish
Buys
0
Sells
1
Shares acquired
Shares disposed
300.00
Cash buys
Cash sales
1.00
Net activity
-300
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2025-05-30 Yasui Daishin 10% Owner S-Sale D Common Stock 60,000 0.70 42.0K 2,201,756 D
2025-05-29 Yasui Daishin 10% Owner S-Sale D Common Stock 50,000 0.67 33.4K 2,261,756 D
2025-05-21 Yasui Daishin 10% Owner S-Sale D Common Stock 869 0.61 530.09 2,311,756 D
2025-05-20 Yasui Daishin 10% Owner S-Sale D Common Stock 10,000 0.56 5.6K 2,312,625 D
2025-03-21 Yasui Daishin 10% Owner S-Sale D Common Stock 2,500 1.06 2.6K 2,322,625 D
2025-03-19 Yasui Daishin 10% Owner S-Sale D Common Stock 300 0.95 285.00 2,325,125 D
2024-11-19 Kuno Keisuke Officer S-Sale D Common Stock 10,000 1.26 12.6K 91,785 D
2024-10-01 Yamamoto Sumitaka Director / Officer / 10% Owner A-Award A Common Stock 45,938 0.00 10,677,363 D
2024-10-01 Kuno Keisuke Officer A-Award A Common Stock 9,355 0.00 101,785 D
2024-10-01 Hosaka Kimio Director / Officer A-Award A Common Stock 8,310 0.00 115,434 D
2024-10-01 Gao Qizhi Officer A-Award A Common Stock 6,050 0.00 32,531 D
2023-11-16 Kuno Keisuke Officer P-Purchase A Common Stock 26,000 0.59 15.3K 92,430
2023-11-16 Hosaka Kimio Director / Officer P-Purchase A Common Stock 6,000 0.50 3.0K 107,124
2023-11-15 Yamamoto Sumitaka Director / Officer / 10% Owner P-Purchase A Common Stock 10,012 0.51 5.1K 10,607,159
2023-07-03 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 2,414 1.43 3.4K 10,597,147
2023-06-30 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 2,588 1.44 3.7K 10,599,561
2023-06-29 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 17,868 1.57 28.0K 10,642,302
2023-06-27 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 7,333 1.60 11.7K 10,660,170
2023-06-26 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 37,970 1.61 60.9K 10,667,503
2023-06-23 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 7,900 1.61 12.7K 10,602,149
2023-06-22 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 14,913 1.61 24.0K 10,610,049
2023-06-21 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 13,745 1.57 21.6K 10,705,473
2023-06-20 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 10,461 1.50 15.7K 10,708,757
2023-06-16 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 8,137 1.48 12.1K 10,719,218
2023-06-15 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 7,110 1.47 10.4K 10,684,473 D
2023-06-14 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 13,545 1.49 20.1K 10,727,355
2023-06-13 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 8,526 1.39 11.8K 10,740,900
2023-06-12 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 75,000 1.32 98.8K 10,749,426
2023-06-09 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 74,826 1.37 102.4K 10,824,426
2023-06-08 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 17,025 1.52 25.9K 10,899,252
2023-06-07 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 18,528 1.46 27.1K 10,916,277
2023-06-06 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 26,000 1.42 36.9K 10,934,805
2023-06-05 Yamamoto Sumitaka Director / Officer / 10% Owner S-Sale D Common Stock 34,727 1.44 50.0K 10,960,805
2022-02-09 Yasui Daishin 10% Owner Common Stock 0 0.00 2,325,425 D
2022-02-09 Yamano Yoshitomo Director 0 0.00 0
2022-02-09 Yamamoto Sumitaka Director / Officer / 10% Owner D Common Stock 0 0.00 10,984,539
2022-02-09 Tan Yuki Director 0 0.00 0
2022-02-09 Omoto Takeshi Director 0 0.00 0
2022-02-09 Miyata Hidekazu Officer D Common Stock 0 0.00 69,780
2022-02-09 Kuno Keisuke Officer D Common Stock 0 0.00 53,338
2022-02-09 Katai Yuta Director 0 0.00 0
2022-02-09 Hosaka Kimio Director / Officer A-Award A Common Stock 11,455 0.00 101,124
2022-02-09 Groenewald Ferdinand Director 0 0.00 0
2022-02-09 Gao Qizhi Officer D Common Stock 0 0.00 20,000

Executive team

Top executives
EBIT / Employee
-44.5K
Shares Outstanding
63.6K

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2024 Sumitaka Yamamoto Chief Executive Officer 505.7K 34.9K 540.6K 6.46%
2 2024 Prakash Sadasivam Chief Strategy Officer 286.8K 286.8K 0.00%
3 2024 Kimio Hosaka Chief Operating Officer 139.7K 6.3K 146.0K 4.33%
4 2023 Sumitaka Yamamoto Chief Executive Officer 525.1K 525.1K 0.00%
5 2023 Prakash Sadasivam Chief Strategy Officer 316.0K 316.0K 0.00%
6 2023 Kimio Hosaka Chief Operating Officer 159.1K 159.1K 0.00%
7 2021 Sumitaka Yamamoto Chief Executive Officer 387.0K 387.0K 0.00%
8 2021 Keisuke Kuno CX DIV. Vice President 130.9K 130.9K 0.00%
9 2020 Sumitaka Yamamoto Chief Executive Officer 341.0K 341.0K 0.00%
10 2020 Keisuke Kuno CX DIV. Vice President 78.0K 63.2K 141.3K 0.00%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2025-08-15 DEF 14A
2024-08-23 DEF 14A
2024-07-31 PRE 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-15 8-K
2026-05-15 10-Q
2026-04-22 8-K
2026-04-06 8-K
2026-04-01 8-K
2026-03-31 8-K
2026-03-31 10-K
2026-03-27 8-K
2026-02-24 8-K
2026-02-11 8-K

Executive team

NameTitleCompensationGender
Sumitaka Yamamoto President, Chief Executive Officer & Chairman 661.5K male
Kimio Hosaka Chief Operating Officer & Director 247.2K male
Peter Johann Westhuizen President
Qizhi Gao Chief Financial Officer male
ESG Rating
B
SOFTWARE - APPLICATION
2026
E (Environmental)
46.1 / 66.0
Company / Sector avg.
S (Social)
73.8 / 69.5
Company / Sector avg.
G (Governance)
72.7 / 67.5
Company / Sector avg.
ESG Total
64.2 / 67.7
Company / Sector avg.
ESG Score History SOFTWARE - APPLICATION
Benchmark vs Sector
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