Wantedly, Inc. (3991) AI Stock Analysis

• Market Cap: ¥10.46B
• Dividend Yield: 1.72%
• Average Volume (3M): 7.65K
• Price to Earnings (P/E): 13.1
• Beta (1Y): 0.40
• Revenue Growth: 3.95%
• EPS Growth: 4.50%
• Country: JP
• Employees: 121
• Sector: Communication Services
• Sector Strength: 97
• Industry: Staffing & Employment Services
• EPS (TTM): 22.24
• Shares Outstanding: 9,507,400
• 10 Day Avg. Volume: 2,440
• 30 Day Avg. Volume: 7,646
• PEG Ratio: 2.67
• Price to Book (P/B): 2.65
• Price to Sales (P/S): 2.65
• P/FCF Ratio: 6.36
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 78 Outperform
• Price Target: ¥1,350.00 ▲(14.31% Upside)
• Action: Reiterated Date: 12/30/25
• Date: Action: Reiterated 12/30/25

The score is driven primarily by strong financial performance (high margins, debt-free balance sheet, and high-quality free cash flow). Valuation is supportive with a low P/E and a dividend. The main offset is mixed technicals, as the stock remains below longer-term moving averages despite neutral-to-positive momentum indicators.

Positive Factors

Profitability

The company's strong and improving margins indicate a robust business model capable of sustaining profitability, enhancing long-term financial health.

Balance Sheet Health

A debt-free balance sheet with increasing equity provides financial stability and flexibility, enabling strategic investments and growth opportunities.

Cash Generation

High-quality cash generation supports the company's earnings, ensuring liquidity for operations and potential expansion, reinforcing financial resilience.

Negative Factors

Revenue Growth Volatility

Volatile revenue growth suggests potential instability in demand, which could challenge consistent business expansion and predictability in financial planning.

Operating Cash Flow

Operating cash flow lagging behind net income indicates potential working capital issues, affecting liquidity and operational flexibility.

Growth Volatility

Negative growth in 2024 highlights potential market or operational challenges, impacting long-term growth stability and strategic planning.

Wantedly, Inc. Business Overview & Revenue Model

Company Description

Wantedly, Inc. engages in the planning, development, and operation of business SNS services in Japan. It offers business card management application. The company was incorporated in 2010 and is headquartered in Tokyo, Japan.

How the Company Makes Money

Wantedly, Inc. generates revenue primarily through its recruitment platform, where companies pay to post job listings and access premium features that enhance their visibility and attractiveness to potential candidates. The company operates a subscription-based model for businesses, offering various tiers of service that provide different levels of exposure and additional tools to manage recruitment efforts. Additionally, Wantedly might earn income from advertising fees for promoting companies or job postings within its platform. Partnerships with educational institutions or career development organizations could also contribute to its revenue by integrating services or offering branded content.

Wantedly, Inc. Financial Statement Overview

Summary

Strong fundamentals supported by (1) materially improved profitability (gross margin up to ~33–34% and net margin ~21–22% in 2023–2025), (2) a very conservative, debt-free balance sheet with rising equity and healthy ROE (~18% to ~36%), and (3) robust free cash flow that closely tracks net income (~89%–99%). Key risk is revenue growth volatility and operating cash flow consistently below net income, suggesting working-capital/timing effects.

Income Statement

Profitability is a key strength: gross margin expanded meaningfully from ~12–14% (2020–2021) to ~33–34% (2023–2025), and net margin is now consistently strong at ~21–22% (2023–2025). The latest annual period also shows a sharp rebound in top-line momentum (revenue up ~76% in 2025 vs ~flat in 2024), while earnings remain high and stable. The main watch-out is growth volatility (2024 was slightly negative), suggesting demand can swing despite strong margins.

Balance Sheet

The balance sheet looks very conservative with zero debt across all reported periods and a steadily rising equity base (from ~¥1.05B in 2020 to ~¥4.91B in 2025). Returns on equity are consistently healthy (roughly ~18% to ~36% over the period), indicating strong profitability relative to shareholder capital. The primary limitation is that the data provided does not detail liquidity or working-capital composition, so near-term balance sheet flexibility beyond the no-debt position cannot be fully assessed here.

Cash Flow

Cash generation is robust and high-quality: free cash flow tracks net income closely (free cash flow roughly ~89% to ~99% of net income across periods), suggesting earnings are well-supported by cash. Operating cash flow and free cash flow also scaled up substantially in 2025 (operating cash flow ~¥2.06B; free cash flow ~¥2.04B), and free cash flow growth accelerated strongly in the latest year. A recurring weakness is that operating cash flow has been less than net income (coverage below 1.0 each year), implying some earnings are tied up in working capital or timing effects.

Breakdown	TTM	Aug 2025	Aug 2024	Aug 2023	Aug 2022	Aug 2021
Income Statement
Total Revenue	4.87B	4.91B	4.72B	4.75B	4.50B	3.57B
Gross Profit	1.77B	1.64B	1.59B	1.59B	1.25B	414.35M
EBITDA	1.80B	1.65B	1.62B	1.62B	1.27B	435.82M
Net Income	1.17B	1.08B	1.04B	995.16M	741.63M	236.79M
Balance Sheet
Total Assets	6.58B	7.16B	5.27B	4.50B	3.60B	2.31B
Cash, Cash Equivalents and Short-Term Investments	5.72B	6.24B	4.52B	3.70B	2.75B	1.53B
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00
Total Liabilities	2.18B	2.25B	1.26B	1.35B	1.54B	1.02B
Stockholders Equity	4.40B	4.91B	4.01B	3.15B	2.06B	1.29B
Cash Flow
Free Cash Flow	1.53B	2.04B	1.01B	849.31M	1.20B	174.54M
Operating Cash Flow	1.53B	2.06B	1.02B	864.80M	1.22B	195.30M
Investing Cash Flow	-151.00M	-160.67M	-15.81M	-14.69M	-21.57M	-19.68M
Financing Cash Flow	-189.00M	-189.68M	-189.24M	92.26M	14.52M	11.91M

Wantedly, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1181.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3991, the sentiment is Negative. The current price of 1181 is above the 20-day moving average (MA) of 1119.55, above the 50-day MA of 1154.36, and below the 200-day MA of 1241.20, indicating a bearish trend. The MACD of -12.14 indicates Negative momentum. The RSI at 38.60 is Neutral, neither overbought nor oversold. The STOCH value of 21.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3991.

Wantedly, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2410	79 Outperform	¥13.02B	12.25	―	4.18%	5.14%	17.12%
3991	78 Outperform	¥10.46B	13.11	―	1.72%	3.95%	4.50%
7089	75 Outperform	¥8.83B	9.23	―	―	21.37%	93.71%
4377	67 Neutral	¥34.94B	30.08	―	0.39%	41.23%	50.13%
Sector *	60 Neutral	$48.67B	4.58	-11.27%	4.14%	2.83%	-41.78%
2471	52 Neutral	¥19.99B	14.32	―	3.76%	6.74%	7.56%
3900	51 Neutral	¥10.32B	426.22	―	2.24%	32.39%	-127.51%