9399.T Beat Holdings (JPX) down 10.26% on 11 Feb 2026: Watch liquidity risk

We saw 9399.T stock close the market down 10.26% to JPY 35.00 on 11 Feb 2026, making it one of the top losers on the JPX session. The drop came on 6,198,866 shares versus an average volume of 566,575, signalling outsized selling pressure. Investors are reacting to thin liquidity, a long list of stretched valuation ratios and continuing net losses (EPS -1.05, trailing PE -33.33). We review price action, fundamentals, technicals and short-term outlook for Beat Holdings Limited (9399.T) in Japan, with clear price targets and risk points