Want to see JP:3900 full AI Analyst Report?
Top Page
CrowdWorks, Inc.
(3900)
Select Model
Select Model
Rating:58Neutral
Price Target:
¥772.00
▼(-6.08% Downside)
Action:Reiterated
Date:08/06/26
The score is primarily held back by weakened financial performance—most notably the 2025 net loss and free-cash-flow drop to zero alongside rising leverage—despite continued revenue growth. Technicals are constructive with price above major moving averages and positive MACD, but overbought signals (RSI/Stochastics) temper the outlook. Valuation is mixed: the dividend yield helps, while a negative P/E reflects the current loss-making period.
Positive Factors
Consistent Revenue Growth
Multi-year top-line expansion demonstrates lasting demand for the platform and increasing client/freelancer activity. For a marketplace model that earns commission and service fees, steady revenue growth supports network effects, higher take-rates over time, and a durable base for reinvestment and scale.
Negative Factors
Return to Net Loss
Reversion to net losses undermines retained earnings and future reinvestment capacity; it reduces ROE and can pressure strategic initiatives. Persisting profitability weakness would weaken stakeholder confidence and constrain ability to scale marketing, product or enterprise sales sustainably.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
Multi-year top-line expansion demonstrates lasting demand for the platform and increasing client/freelancer activity. For a marketplace model that earns commission and service fees, steady revenue growth supports network effects, higher take-rates over time, and a durable base for reinvestment and scale.
Read all positive factors
CrowdWorks, Inc. (3900) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥11.02B
Dividend Yield2.59%
Average Volume (3M)299.28K
Price to Earnings (P/E)―
Beta (1Y)0.81
Revenue Growth11.80%
EPS Growth-163.33%
CountryJP
Employees760
SectorIndustrials
Sector Strength72
IndustryStaffing & Employment Services
Share Statistics
EPS (TTM)-29.81
Shares Outstanding15,836,159
10 Day Avg. Volume682,770
30 Day Avg. Volume299,283
Financial Highlights & Ratios
PEG Ratio0.44
Price to Book (P/B)2.20
Price to Sales (P/S)0.64
P/FCF Ratio0.00
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)-31.6
Revenue Forecast (FY)¥20.00B
CrowdWorks, Inc. Business Overview & Revenue Model
Company Description
CrowdWorks Inc., based in Japan, specializes in providing a range of crowdsourcing solutions. The company operates two main platforms: CrowdWorks, an online hub that facilitates project assignments by linking businesses with individual workers via...
How the Company Makes Money
CrowdWorks primarily makes money by operating its crowdsourcing marketplace and charging fees related to transactions and usage of its platform. The core revenue stream is typically platform/service fees earned when clients and freelancers enter i...
CrowdWorks, Inc. Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
62
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 22.57B | 22.66B | 17.11B | 13.21B | 10.57B | 7.77B |
| Gross Profit | 9.47B | 9.57B | 7.85B | 6.03B | 4.77B | 3.45B |
| EBITDA | 1.76B | 2.37B | 1.60B | 1.27B | 975.64M | 608.96M |
| Net Income | -470.63M | -257.07M | 910.76M | 1.10B | 802.87M | 622.42M |
Balance Sheet | ||||||
| Total Assets | 14.98B | 15.69B | 13.54B | 10.02B | 7.66B | 6.20B |
| Cash, Cash Equivalents and Short-Term Investments | 7.20B | 8.09B | 5.96B | 5.77B | 5.15B | 4.25B |
| Total Debt | 3.63B | 3.91B | 2.03B | 696.90M | 123.28M | 100.00M |
| Total Liabilities | 8.12B | 8.94B | 6.23B | 3.99B | 3.00B | 2.41B |
| Stockholders Equity | 6.68B | 6.59B | 7.20B | 6.02B | 4.67B | 3.79B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 0.00 | 1.68B | 1.35B | 1.15B | 837.60M |
| Operating Cash Flow | 1.74B | 1.74B | 1.68B | 1.35B | 1.15B | 851.87M |
| Investing Cash Flow | -1.06B | -1.06B | -2.44B | -1.17B | -262.36M | -95.37M |
| Financing Cash Flow | 1.49B | 1.49B | 960.63M | 436.34M | 8.34M | 5.09M |
CrowdWorks, Inc. Technical Analysis
Positive
822.00
Price Trends
624.50
Positive
633.63
Positive
710.92
Negative
Market Momentum
29.24
Negative
61.10
Neutral
72.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3900, the sentiment is Positive. The current price of 822 is above the 20-day moving average (MA) of 670.90, above the 50-day MA of 624.50, and above the 200-day MA of 710.92, indicating a neutral trend. The MACD of 29.24 indicates Negative momentum. The RSI at 61.10 is Neutral, neither overbought nor oversold. The STOCH value of 72.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:3900.
CrowdWorks, Inc. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | ¥8.88B | 5.57 | ― | 1.72% | -5.56% | 31.57% | |
78 Outperform | ¥22.94B | 12.48 | ― | 3.79% | 1.83% | -12.10% | |
75 Outperform | ¥39.08B | 22.25 | ― | 0.39% | 40.65% | 68.21% | |
69 Neutral | ¥24.77B | 23.80 | ― | 5.45% | 2.32% | 0.25% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ¥21.41B | 16.07 | ― | 3.75% | 0.97% | -27.15% | |
58 Neutral | ¥11.02B | -23.35 | ― | 2.24% | 11.80% | -163.33% |
* Industrials Sector Average
JP:3900
CrowdWorks, Inc.
707.00
-389.68
-35.53%
JP:2301
GAKUJO Co., Ltd.
1,600.00
-228.21
-12.48%
JP:2471
S-Pool, Inc.
276.00
-45.52
-14.16%
JP:3991
Wantedly, Inc.
910.00
-380.90
-29.51%
JP:4377
ONE CAREER Inc.
2,081.00
-348.36
-14.34%
JP:6539
MATCHING SERVICE JAPAN CO.LTD.
974.00
42.04
4.51%
CrowdWorks, Inc. Corporate Events
CrowdWorks Lifts FY2026 Profit Outlook by Delaying DX Investment Spend
Jul 13, 2026
CrowdWorks Inc. revised its consolidated forecast for the fiscal year ending September 30, 2026, keeping net sales and gross profit unchanged at ¥20 billion and ¥8.4 billion, but lifting operating profit and EBITDA from an initially proj...
CrowdWorks Unveils AI Talent Platform Alongside FY2026 2Q Results
May 14, 2026
CrowdWorks, Inc. has announced its FY2026 second-quarter financial results alongside the launch of AI CrowdWorks, a new matching platform dedicated to AI talent and experts in Japan. The initiative signals the company’s strategic push to lev...
CrowdWorks’ Profit Plunges as It Warns of Full-Year Sales Decline
May 14, 2026
CrowdWorks reported consolidated net sales of ¥11.1 billion for the six months to March 31, 2026, down 0.7% year on year, with gross profit dipping 2.1% to ¥4.63 billion. Operating profit slumped 72.5% to ¥218 million and profit att...
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.