Needs Well, Inc. (JP:3992)
:3992
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Needs Well, Inc.
(3992)
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Rating:73Outperform
Price Target:
¥581.00
▲(3.38% Upside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by strong financial performance (excellent balance sheet strength and solid profitability) and a reasonable valuation with a supportive dividend. These positives are tempered by weak technicals, with the stock trading below major moving averages and negative MACD indicating limited near-term momentum.
Positive Factors
Exceptionally strong balance sheet
Near-zero leverage and a conservative balance sheet provide durable financial flexibility. This supports capital allocation for R&D, M&A or buybacks, cushions downturns, and reduces refinancing risk, enabling the company to sustain investment and strategic options over the medium term.
Negative Factors
Margin compression since 2023 peak
A structural decline from prior margin highs suggests rising costs or adverse mix that can persist absent corrective action. Lower margins reduce free cash flow and ROE, making the business more sensitive to revenue stalls and limiting long‑term reinvestment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Exceptionally strong balance sheet
Near-zero leverage and a conservative balance sheet provide durable financial flexibility. This supports capital allocation for R&D, M&A or buybacks, cushions downturns, and reduces refinancing risk, enabling the company to sustain investment and strategic options over the medium term.
Read all positive factors
Needs Well, Inc. (3992) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥21.13B
Dividend Yield2.26%
Average Volume (3M)575.50K
Price to Earnings (P/E)19.9
Beta (1Y)1.10
Revenue Growth5.07%
EPS Growth10.80%
CountryJP
Employees616
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)7.05
Shares Outstanding40,699,200
10 Day Avg. Volume192,370
30 Day Avg. Volume575,503
Financial Highlights & Ratios
PEG Ratio2.17
Price to Book (P/B)4.33
Price to Sales (P/S)2.06
P/FCF Ratio26.28
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
Needs Well, Inc. Business Overview & Revenue Model
Company Description
Needs Well Inc. engages in the IT service business in Japan. It provides NW Security Police, an in-house information security solution, which prevents unauthorized connection; okta, an integrated authentication service, that manages single sign-on...
Needs Well, Inc. Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
95
Very Positive
Cash Flow
78
Positive
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.03B | 9.55B | 8.76B | 6.73B | 5.75B |
| Gross Profit | 2.18B | 2.07B | 1.99B | 1.54B | 1.39B |
| EBITDA | 1.28B | 1.32B | 1.24B | 730.77M | 606.29M |
| Net Income | 887.11M | 809.95M | 837.30M | 499.15M | 421.10M |
Balance Sheet | |||||
| Total Assets | 6.51B | 5.65B | 5.95B | 4.62B | 4.37B |
| Cash, Cash Equivalents and Short-Term Investments | 2.76B | 2.10B | 2.52B | 2.61B | 2.87B |
| Total Debt | 30.30M | 38.04M | 57.52M | 0.00 | 0.00 |
| Total Liabilities | 1.74B | 1.42B | 2.23B | 1.05B | 870.31M |
| Stockholders Equity | 4.76B | 4.22B | 3.71B | 3.57B | 3.50B |
Cash Flow | |||||
| Free Cash Flow | 785.60M | 415.57M | 964.02M | 433.05M | 330.23M |
| Operating Cash Flow | 795.93M | 447.46M | 978.79M | 437.00M | 331.42M |
| Investing Cash Flow | 217.76M | -294.88M | -352.90M | -260.64M | -81.03M |
| Financing Cash Flow | -349.88M | -477.80M | -721.00M | -433.34M | 838.16M |
Needs Well, Inc. Technical Analysis
Negative
562.00
Price Trends
543.82
Negative
540.16
Negative
532.53
Negative
Market Momentum
-3.42
Positive
42.90
Neutral
8.60
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:3992, the sentiment is Negative. The current price of 562 is above the 20-day moving average (MA) of 533.85, above the 50-day MA of 543.82, and above the 200-day MA of 532.53, indicating a bearish trend. The MACD of -3.42 indicates Positive momentum. The RSI at 42.90 is Neutral, neither overbought nor oversold. The STOCH value of 8.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:3992.
Needs Well, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥25.66B | 13.43 | ― | 3.62% | 6.02% | -11.83% | |
73 Outperform | ¥21.13B | 19.93 | ― | 2.26% | 5.07% | 10.80% | |
68 Neutral | ¥20.73B | 9.96 | ― | ― | 17.93% | 91.21% | |
68 Neutral | ¥23.00B | 119.61 | ― | ― | 6.33% | 14.82% | |
68 Neutral | ¥31.01B | 27.58 | ― | 0.39% | 30.59% | 65.14% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ¥15.78B | 8.71 | ― | ― | ― | ― |
* Technology Sector Average
JP:3992
Needs Well, Inc.
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Needs Well, Inc. Corporate Events
Needs Well Completes Treasury Stock Disposal for Director Compensation
Feb 17, 2026
Needs Well Inc. has completed the payment procedures for a planned disposal of treasury stock that will be used as restricted stock compensation for its directors. The transaction involved issuing 9,754 shares of common stock at 574 yen per share,...
Needs Well Tightens Shareholder Benefit Rules to Favor Long-Term Investors
Feb 12, 2026
Needs Well Inc. has decided to partially amend its shareholder benefit program, originally introduced in 2025 to boost the attractiveness of its shares and deepen understanding of its business among investors. The revision is designed to further e...
Needs Well Posts Higher Quarterly Profit and Confirms Dividend, Eyes Full-Year Growth
Feb 12, 2026
Needs Well Inc. reported a solid start to its fiscal year, with net sales for the quarter ended December 31, 2025 rising 3.0% year on year to ¥2.58 billion and profit attributable to owners of the parent climbing 18.6% to ¥266 million, l...
Needs Well to Grant Restricted Stock to Directors as Part of Governance and Incentive Overhaul
Jan 20, 2026
Needs Well Inc. has approved the disposal of 9,754 shares of its treasury stock as restricted stock compensation for four internal directors, with a disposal price of ¥574 per share and a total value of approximately ¥5.6 million. The mo...
Needs Well Clarifies Relationship With Major Affiliated Shareholder ODC Co., Ltd.
Dec 24, 2025
Needs Well Inc. has disclosed that ODC Co., Ltd. qualifies as an “other affiliated company,” holding a total of 41.76% of its voting rights as of September 30, 2025, through direct and aggregated holdings amounting to 15,808,200 shares...
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.