Wellnet Corporation (JP:2428)
:2428
Want to see JP:2428 full AI Analyst Report?
Top Page
Wellnet Corporation
(2428)
Select Model
Select Model
Rating:71Outperform
Price Target:
¥706.00
▲(2.77% Upside)
Action:Upgraded
Date:03/24/26
The score is driven by improving financial performance (growth, margin expansion, stronger ROE with conservative leverage) and attractive valuation (low P/E and high dividend yield). This is tempered by weak technicals (below key moving averages and negative MACD) and the risk signal from cash-flow volatility, including weaker free cash flow in 2025 versus 2024.
Positive Factors
Re-accelerating Revenue Growth
Sustained re-acceleration of revenue into 2025 indicates improving product-market fit and demand traction. Over a 2-6 month horizon this durable top-line momentum supports scaled sales investment, better unit economics, and underpins continued profit expansion if execution remains consistent.
Negative Factors
Cash Flow Volatility
Historical volatility in operating and free cash flow undermines confidence in earnings quality and capital allocation. Even with recent positive years, inconsistent cash conversion complicates budgeting, constrains long-term reinvestment plans, and raises the bar for reliable dividend or buyback policies.
Read all positive and negative factors
Positive Factors
Negative Factors
Re-accelerating Revenue Growth
Sustained re-acceleration of revenue into 2025 indicates improving product-market fit and demand traction. Over a 2-6 month horizon this durable top-line momentum supports scaled sales investment, better unit economics, and underpins continued profit expansion if execution remains consistent.
Read all positive factors
Wellnet Corporation (2428) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥11.44B
Dividend Yield4.33%
Average Volume (3M)95.28K
Price to Earnings (P/E)11.5
Beta (1Y)0.88
Revenue Growth-5.98%
EPS Growth-10.12%
CountryJP
Employees127
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)57.59
Shares Outstanding19,400,000
10 Day Avg. Volume97,310
30 Day Avg. Volume95,283
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)1.51
Price to Sales (P/S)1.23
P/FCF Ratio5.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Wellnet Corporation Business Overview & Revenue Model
Company Description
Wellnet Corporation delivers a wide range of electronic financial services across Japan, including payment settlement, digital billing, and various electronic payment options. The company also develops and furnishes mobile authentication solutions...
How the Company Makes Money
null...
Wellnet Corporation Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
84
Very Positive
Cash Flow
58
Neutral
| Breakdown | Jun 2025 | Jun 2024 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.92B | 10.13B | 9.42B | 8.95B | 8.84B |
| Gross Profit | 2.48B | 2.10B | 1.78B | 1.42B | 1.30B |
| EBITDA | 1.93B | 1.67B | 1.39B | 1.19B | 933.96M |
| Net Income | 1.08B | 836.79M | 635.50M | 532.23M | 393.92M |
Balance Sheet | |||||
| Total Assets | 29.31B | 27.16B | 24.91B | 23.66B | 21.27B |
| Cash, Cash Equivalents and Short-Term Investments | 17.50B | 16.66B | 14.07B | 13.13B | 10.50B |
| Total Debt | 1.60B | 1.73B | 1.80B | 1.90B | 2.00B |
| Total Liabilities | 20.45B | 18.78B | 17.08B | 16.25B | 14.10B |
| Stockholders Equity | 8.86B | 8.38B | 7.83B | 7.41B | 7.18B |
Cash Flow | |||||
| Free Cash Flow | 2.42B | 2.63B | 1.01B | 3.13B | 1.09B |
| Operating Cash Flow | 2.57B | 2.64B | 1.11B | 3.28B | 2.60B |
| Investing Cash Flow | -993.20M | 333.89M | 268.39M | -267.19M | -1.80B |
| Financing Cash Flow | -737.01M | -392.22M | -360.99M | -390.77M | 1.01B |
Wellnet Corporation Technical Analysis
Negative
687.00
Price Trends
630.86
Negative
645.99
Negative
660.65
Negative
Market Momentum
-6.60
Negative
41.59
Neutral
59.58
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2428, the sentiment is Negative. The current price of 687 is above the 20-day moving average (MA) of 610.85, above the 50-day MA of 630.86, and above the 200-day MA of 660.65, indicating a bearish trend. The MACD of -6.60 indicates Negative momentum. The RSI at 41.59 is Neutral, neither overbought nor oversold. The STOCH value of 59.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:2428.
Wellnet Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥30.99B | 20.49 | ― | ― | 13.54% | 54.38% | |
71 Outperform | ¥11.44B | 11.49 | ― | 4.33% | -5.98% | -10.12% | |
69 Neutral | ¥7.96B | 8.55 | ― | 3.06% | 22.74% | 6.75% | |
68 Neutral | ¥15.68B | -24.08 | ― | ― | 12.01% | -191.13% | |
68 Neutral | ¥34.65B | 22.52 | ― | 0.39% | 22.45% | 23.34% | |
64 Neutral | ¥13.46B | 14.84 | ― | 0.91% | 23.90% | 167.68% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:2428
Wellnet Corporation
606.00
-96.32
-13.71%
JP:3850
NTT Data Intramart Corporation
2,787.00
-929.96
-25.02%
JP:3915
TerraSky Co., Ltd.
2,496.00
-566.86
-18.51%
JP:4430
TOKAI SOFT CO.,LTD.
1,592.00
106.34
7.16%
JP:4434
Serverworks Co., Ltd.
1,933.00
-390.16
-16.79%
JP:4475
HENNGE K.K.
1,046.00
-478.63
-31.39%
Wellnet Corporation Corporate Events
Wellnet Posts Lower Nine-Month Earnings but Maintains Dividend Outlook
Apr 30, 2026
Wellnet Corporation reported a decline in performance for the nine months ended March 31, 2026, with net sales falling 8.3% year on year to ¥7.62 billion and operating profit down 11.3% to ¥1.12 billion. Ordinary profit dropped 15.3% to ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.