SHIFT Inc.

TSE:3697 Stock Report

Market Cap: JP¥166.6b

SHIFT Balance Sheet Health

Financial Health criteria checks 5/6

SHIFT has a total shareholder equity of ¥38.6B and total debt of ¥20.1B, which brings its debt-to-equity ratio to 52%. Its total assets and total liabilities are ¥80.4B and ¥41.8B respectively. SHIFT's EBIT is ¥14.4B making its interest coverage ratio 105.5. It has cash and short-term investments of ¥24.4B.

Key information

52.00%

Debt to equity ratio

JP¥20.06b

Debt

Interest coverage ratio105.5x
CashJP¥24.44b
EquityJP¥38.57b
Total liabilitiesJP¥41.82b
Total assetsJP¥80.39b

Recent financial health updates

Recent updates

Analysis Article Apr 21

SHIFT's (TSE:3697) Earnings May Just Be The Starting Point

SHIFT Inc.'s ( TSE:3697 ) strong earnings report was rewarded with a positive stock price move. We did some digging and...
Analysis Article Jan 30

What You Can Learn From SHIFT Inc.'s (TSE:3697) P/E After Its 25% Share Price Crash

Unfortunately for some shareholders, the SHIFT Inc. ( TSE:3697 ) share price has dived 25% in the last thirty days...
Analysis Article Sep 16

Estimating The Fair Value Of SHIFT Inc. (TSE:3697)

Key Insights Using the 2 Stage Free Cash Flow to Equity, SHIFT fair value estimate is JP¥1,422 Current share price of...
Analysis Article Aug 31

We Think SHIFT (TSE:3697) Might Have The DNA Of A Multi-Bagger

If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...
Analysis Article Aug 17

What You Can Learn From SHIFT Inc.'s (TSE:3697) P/E

TSE:3697 1 Year Share Price vs Fair Value Explore SHIFT's Fair Values from the Community and select yours With a...
Analysis Article Aug 04

With EPS Growth And More, SHIFT (TSE:3697) Makes An Interesting Case

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
Analysis Article Jul 13

SHIFT Inc. (TSE:3697) Analysts Are Pretty Bullish On The Stock After Recent Results

It's been a mediocre week for SHIFT Inc. ( TSE:3697 ) shareholders, with the stock dropping 13% to JP¥1,498 in the week...
Analysis Article Jun 23

Is SHIFT (TSE:3697) A Risky Investment?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article May 05

Investors Appear Satisfied With SHIFT Inc.'s (TSE:3697) Prospects As Shares Rocket 26%

SHIFT Inc. ( TSE:3697 ) shares have had a really impressive month, gaining 26% after a shaky period beforehand. Looking...
Analysis Article Apr 16

SHIFT Inc. (TSE:3697) Analysts Are Pretty Bullish On The Stock After Recent Results

Investors in SHIFT Inc. ( TSE:3697 ) had a good week, as its shares rose 6.8% to close at JP¥1,159 following the...
Analysis Article Mar 28

Calculating The Fair Value Of SHIFT Inc. (TSE:3697)

Key Insights The projected fair value for SHIFT is JP¥1,208 based on 2 Stage Free Cash Flow to Equity With JP¥1,204...
Analysis Article Mar 09

Is SHIFT (TSE:3697) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Jan 31

SHIFT Inc. (TSE:3697) Not Lagging Market On Growth Or Pricing

SHIFT Inc.'s ( TSE:3697 ) price-to-earnings (or "P/E") ratio of 56.6x might make it look like a strong sell right now...
Analysis Article Jan 08

Under The Bonnet, SHIFT's (TSE:3697) Returns Look Impressive

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...
Analysis Article Dec 25

A Look At The Intrinsic Value Of SHIFT Inc. (TSE:3697)

Key Insights SHIFT's estimated fair value is JP¥20,336 based on 2 Stage Free Cash Flow to Equity With JP¥17,735 share...
Analysis Article Oct 18

SHIFT's (TSE:3697) Conservative Accounting Might Explain Soft Earnings

The market was pleased with the recent earnings report from SHIFT Inc. ( TSE:3697 ), despite the profit numbers being...
Analysis Article Oct 16

Earnings Tell The Story For SHIFT Inc. (TSE:3697) As Its Stock Soars 27%

SHIFT Inc. ( TSE:3697 ) shareholders have had their patience rewarded with a 27% share price jump in the last month...
Analysis Article Sep 17

SHIFT (TSE:3697) Seems To Use Debt Rather Sparingly

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Sep 01

SHIFT Inc.'s (TSE:3697) 40% Jump Shows Its Popularity With Investors

Those holding SHIFT Inc. ( TSE:3697 ) shares would be relieved that the share price has rebounded 40% in the last...
Analysis Article Jul 11

SHIFT Inc.'s (TSE:3697) 26% Cheaper Price Remains In Tune With Earnings

Unfortunately for some shareholders, the SHIFT Inc. ( TSE:3697 ) share price has dived 26% in the last thirty days...
Analysis Article Jun 10

We Like SHIFT's (TSE:3697) Returns And Here's How They're Trending

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
Analysis Article May 25

Is Now The Time To Look At Buying SHIFT Inc. (TSE:3697)?

SHIFT Inc. ( TSE:3697 ), is not the largest company out there, but it saw a double-digit share price rise of over 10...
Analysis Article Apr 14

SHIFT Inc. Just Missed EPS By 15%: Here's What Analysts Think Will Happen Next

It's been a mediocre week for SHIFT Inc. ( TSE:3697 ) shareholders, with the stock dropping 13% to JP¥18,615 in the...
Analysis Article Apr 13

SHIFT Inc.'s (TSE:3697) Share Price Is Still Matching Investor Opinion Despite 28% Slump

Unfortunately for some shareholders, the SHIFT Inc. ( TSE:3697 ) share price has dived 28% in the last thirty days...
Analysis Article Mar 11

SHIFT (TSE:3697) Could Easily Take On More Debt

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article Feb 29

SHIFT (TSE:3697) Looks To Prolong Its Impressive Returns

There are a few key trends to look for if we want to identify the next multi-bagger. Amongst other things, we'll want...

Financial Position Analysis

Short Term Liabilities: 3697's short term assets (¥47.0B) exceed its short term liabilities (¥32.8B).

Long Term Liabilities: 3697's short term assets (¥47.0B) exceed its long term liabilities (¥9.0B).


Debt to Equity History and Analysis

Debt Level: 3697 has more cash than its total debt.

Reducing Debt: 3697's debt to equity ratio has increased from 22.3% to 52% over the past 5 years.

Debt Coverage: 3697's debt is well covered by operating cash flow (63.5%).

Interest Coverage: 3697's interest payments on its debt are well covered by EBIT (105.5x coverage).


Balance Sheet


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/08 01:22
End of Day Share Price 2026/05/08 00:00
Earnings2026/02/28
Annual Earnings2025/08/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SHIFT Inc. is covered by 16 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yuki KanekoBofA Global Research
Moriya KoketsuCitigroup Inc
Jun KatoCLSA