Wellnet Corporation (JP:2428)
:2428
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Wellnet Corporation
(2428)
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Rating:71Outperform
Price Target:
¥706.00
▲(2.77% Upside)
Action:UpgradedDate: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
Revenue re-acceleration
Reported re-acceleration into 2025 signals improving product-market fit and demand traction. Sustained top-line momentum supports operating leverage and funding for R&D or expansion, increasing the likelihood that growth can continue to drive durable profitability over the next several quarters.
Negative Factors
Volatile cash conversion and FCF drop
Although recent operating cash flow has been positive, historic volatility and a sharp FCF decline in 2025 weaken confidence in earnings quality and predictability. Unstable cash conversion complicates planning for capex, M&A, and sustainable dividends, raising execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue re-acceleration
Reported re-acceleration into 2025 signals improving product-market fit and demand traction. Sustained top-line momentum supports operating leverage and funding for R&D or expansion, increasing the likelihood that growth can continue to drive durable profitability over the next several quarters.
Read all positive factors
Wellnet Corporation (2428) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥12.48B
Dividend Yield4.33%
Average Volume (3M)95.28K
Price to Earnings (P/E)12.2
Beta (1Y)0.85
Revenue Growth0.54%
EPS Growth9.99%
CountryJP
Employees127
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)N/A
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 (2428) is a leading company in the healthcare technology sector, specializing in innovative healthcare solutions and services that enhance patient care and streamline healthcare operations. The company focuses on developing sof...
How the Company Makes Money
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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
Positive
687.00
Price Trends
662.32
Positive
651.98
Positive
679.98
Negative
Market Momentum
-2.42
Negative
52.86
Neutral
82.59
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2428, the sentiment is Positive. The current price of 687 is above the 20-day moving average (MA) of 656.35, above the 50-day MA of 662.32, and above the 200-day MA of 679.98, indicating a neutral trend. The MACD of -2.42 indicates Negative momentum. The RSI at 52.86 is Neutral, neither overbought nor oversold. The STOCH value of 82.59 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥12.48B | 12.17 | ― | 4.33% | 0.54% | 9.99% | |
69 Neutral | ¥8.80B | 8.25 | ― | 3.06% | 27.08% | 18.85% | |
68 Neutral | ¥20.30B | 9.96 | ― | ― | 17.93% | 91.21% | |
68 Neutral | ¥30.68B | 27.58 | ― | 0.39% | 30.59% | 65.14% | |
65 Neutral | ¥14.52B | 25.11 | ― | 0.91% | 15.28% | 60.07% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ¥15.66B | 8.71 | ― | ― | ― | ― |
* Technology Sector Average
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Wellnet Corporation Corporate Events
Wellnet Corrects Misclassification in Semi-Annual Cash Flow Statement
Feb 13, 2026
Wellnet Corporation has revised its semi-annual financial results for the six months ended December 31, 2025, after discovering a misclassification in its cash flow statement. The correction affects the presentation of cash flows from financing ac...
Wellnet Posts Lower First-Half Earnings but Maintains Full-Year Forecast and Dividend Plan
Jan 30, 2026
Wellnet Corporation reported a decline in results for the six months ended December 31, 2025, with net sales down 8.8% year on year to ¥5.1 billion and profit decreasing around 10% across operating, ordinary, and bottom-line levels, leading t...
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.