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High Growth Tech Stocks in Japan to Watch This August 2024

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As Japan's stock markets see modest gains amid the Bank of Japan's commitment to normalizing monetary policy, investors are keenly observing the tech sector for high-growth opportunities. In this environment, a good stock typically demonstrates strong fundamentals, innovative potential, and resilience to market fluctuations.

Top 10 High Growth Tech Companies In Japan

Name

Revenue Growth

Earnings Growth

Growth Rating

Hottolink

51.80%

61.94%

★★★★★★

Cyber Security Cloud

20.71%

25.73%

★★★★★☆

f-code

22.70%

22.62%

★★★★★☆

eWeLLLtd

26.52%

27.53%

★★★★★★

SHIFT

20.25%

32.08%

★★★★★★

Medley

24.97%

30.50%

★★★★★★

Kanamic NetworkLTD

20.75%

28.25%

★★★★★★

Bengo4.comInc

20.76%

46.76%

★★★★★★

ExaWizards

22.69%

62.99%

★★★★★★

Money Forward

20.68%

66.91%

★★★★★★

Click here to see the full list of 129 stocks from our Japanese High Growth Tech and AI Stocks screener.

We'll examine a selection from our screener results.

GNI Group

Simply Wall St Growth Rating: ★★★★★☆

Overview: GNI Group Ltd. engages in the research, development, manufacture, and sale of pharmaceutical drugs in Japan and internationally with a market cap of ¥116.89 billion.

Operations: GNI Group Ltd. focuses on the research, development, manufacture, and sale of pharmaceutical drugs across Japan and international markets. The company generates revenue through its pharmaceutical product sales while managing costs associated with research and manufacturing operations.

GNI Group's revenue is projected to grow at 28.7% annually, significantly outpacing the Japanese market's 4.3%. Earnings are forecasted to increase by 24.2% per year, with a remarkable past year's growth of 393.9%, far exceeding the biotech industry's average of 172.6%. The company recently received approval for Avatrombopag Maleate Tablets in China, adding to its lineup and enhancing its R&D pipeline focused on rare diseases.

TSE:2160 Revenue and Expenses Breakdown as at Aug 2024
TSE:2160 Revenue and Expenses Breakdown as at Aug 2024

Money Forward

Simply Wall St Growth Rating: ★★★★★★

Overview: Money Forward, Inc. offers financial solutions for individuals, financial institutions, and corporations primarily in Japan and has a market cap of ¥309.21 billion.

Operations: The company generates revenue through subscription-based services for personal finance management, cloud-based accounting software, and financial planning tools. It serves a diverse clientele including individuals, financial institutions, and corporations.

Money Forward's revenue is projected to grow at 20.7% annually, significantly outpacing Japan's market growth of 4.3%. Earnings are forecasted to increase by a robust 66.9% per year, driven by strategic initiatives such as the recent joint venture with Sumitomo Mitsui Card Company for PFM services and the transfer of its fintech business to Money Forward Kessai. Investment in R&D has been substantial, with expenses reaching ¥1.2B in the last quarter, underscoring their commitment to innovation and long-term growth potential.