CrowdWorks Warns of Earnings Pressure After Steep Profit Drop in First Quarter

The latest update is out from CrowdWorks, Inc. ( (JP:3900) ).

CrowdWorks reported consolidated net sales of ¥5.56 billion for the three months ended December 31, 2025, down 1.0% year on year, with gross profit falling 3.9% to ¥2.29 billion and operating profit plunging 84.4% to ¥54 million. Ordinary profit sank 78.7% to ¥74 million, and profit attributable to owners of parent declined 95.6% to ¥7 million, driving basic earnings per share down to ¥0.48 and underscoring a sharp deterioration in short-term profitability despite a slight improvement in capital adequacy to 42.5%.

Total assets slipped to ¥15.03 billion while net assets were broadly flat at ¥6.77 billion, and the company maintained its policy of not paying dividends, with no forecasted payouts for the current fiscal year. For the year ending September 30, 2026, CrowdWorks projects an 11.7% decline in net sales to ¥20.0 billion and expects operating profit to range from a ¥1.0 billion loss to break-even, highlighting significant earnings uncertainty for stakeholders amid structural headwinds, the exclusion of subsidiary CLOCK・IT, Incorporated from consolidation, and a cautious stance on growth and capital returns.

The most recent analyst rating on (JP:3900) stock is a Hold with a Yen820.00 price target. To see the full list of analyst forecasts on CrowdWorks, Inc. stock, see the JP:3900 Stock Forecast page.

More about CrowdWorks, Inc.

CrowdWorks Inc., listed on the Tokyo Stock Exchange Growth market under code 3900, operates a platform business focused on online crowdsourcing and related digital work services. The company monetizes its network by facilitating outsourced work and projects between clients and freelancers, positioning itself within Japan’s broader digital labor and gig economy ecosystem.

Average Trading Volume: 189,930

Technical Sentiment Signal: Sell

Current Market Cap: Yen12.69B

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